7 Places Your Money Needs To Go (How To Save Money)

In this video, I will share a simple, yet effective seven-step process to obtain financial freedom. How do you handle money after you have been paid? Where do you spend money? Do you have multiple bank accounts? This video will outline the seven steps that you may want to consider taking when you receive a paycheck. I will show you exactly how you can cut expenses, save money, and build a brighter financial future.

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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

[NateOBrien]

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[connor]

I am currently 16 years old, your videos are going to save my ass

[NickPeitsch]

It's really unfortunate this isn't taught in school.


Thanks for being our teacher Nate!

[johnlennon]

if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries

[Calebjunioir]

THE WORLD IS CHANGING AND EVERYONE SEEMS TO BE LOOKING FOR WAYS TO EVOLVE, YOU NEED TO START NOW

[gailhawkins]

I taught my children how to manage money. (savings, retirement plan, the difference between a want and a need, etc) My teachings have paid off and I am so glad I took that time with them:-)

[RodasYonass]

Emergency fund is so important! Most people get in debt because they don’t have an emergency fund and are forced to take a loan out to cover an emergency expense.

[Christensen]

At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

[santi]

I’m telling you, having that 4-8 month payroll is worth everything in gold! I lost my job and had started searching for new ones that fit my needs. Took about 2 months. My payroll fund had me covered no problem. Not having to worry AT ALL about how you’ll pay your bills is a god send and I recommend EVERYONE do this as well. Looking for a new job almost felt like a short vacation haha I was able to take my time finding the right job for me rather than taking what was available to start paying the bills. Thank you for sharing this information, a lot of people could use it myself included.

[samuelterkperahuno]

1. Retirement account 401k/403b account, ~15%
2. Checking account
3. Necessities; food, shelter, transportation, healthcare, utilities
4. Emergency fund; ~$2, 500 liquid and easily accessible, higher if you have a family
5. Debt payoff- snowball method or avalanche
6. Save 4-8 months of payroll; options- online savings or money market
7. Investments; example real estate, bonds, stock market

[kassiopeia]

"think of the future, things can always go south" LMAO, what a prophecy

[MarcusFred-wniv]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

[normandea]

As a retired teacher, I can honestly say that this and other life skills isn't taught in our schools, which is unfortunate. This is good info for everyone. Thanks for doing this.

[mikemoore]

Always pay yourself first! So important to financial wealth.

[IT-]

13:11 yooo who's watching this in 2020 with the whole COVID-19 stuff happening?

[SybotLV]

Probably biggest takeaway from this video: 16:30 you have to run yourself like a business. I think once people understand that they are their own life manager they might consider not spending their money on the newest iPhone every single year.

[canceraxe]

I was able to pay bills using side hustle income and saved all my main job income! Wonderful

[alexyoung]

With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.

[Blitcliffe]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[dylanf.a]

Nate I started watching your videos 3 months ago and I had 45 dollars and my checking account applying some this advices i opened couple savings accounts and I have 5k dollars and my finances under control. now I getting ready to start investing in market stock .... nate thank you your doing a great job