How to Become Financially Smarter Than 40% of People

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[mmp]

It's unbelievable how many families do not discuss finances leading the next generation to go blindly into their lives. Talk to your kids at an early age ppl.

[evalindell]

I just called my brother as he has worked in finance before and I asked him were his has his investments. He and his wide were in their appartment in Barcelona so when he comes home (to Sweden) he Will call so we can meet and he will give us his opinion on where to put our money. I would never have thought about asking him for advice, even though he worked at Goldman Sachs in London with investments of other peoples money. Thank You for excellent advice Rachel! 🙏

[lindaparks]

When people ask for advice or not, they learn to appreciate the info you give them because it usually comes to fruition later.
I recently had someone thank for info I was giving to someone else. I didn't know they were listening

[danielgasner]

Thanks Rachel I just love your positive energy! I am financially well off by realizing that it's all about setting good daily habits and stick with them.I am also a high school business teacher. This year is a big year for me and my spouse. Our house will be paid off by the end of the year!! Whoop Whoop! Have a great New Year!

[tscoff]

Zero based budgeting is impossible for a lot of people. It’s possible for me, I know how much money I’m earning every month for the next 5 months, but a lot of people have incomes that fluctuate monthly. Sales reps, people who work short term jobs (techs in the entertainment industry, self employed tradesmen like plumbers, people in retail/food service who are paid monthly bonuses or tips, and more), and more don’t have predictable incomes where they earn the same amount every month.

For people whose incomes fluctuate, my advice is to start with a bigger emergency fund than $1, 000 for those months where their expenses are higher than their income, pay their routine bills with the first money that they earn every month, and then use the rest for saving/investing and/or entertainment like going out for dinner.

[robynmoxham]

I love the tip about getting tips from people who are great with money and who you admire or can get help from. My dad was always a huge saver. From the time I had my first job, he told me to pay myself first and always have an emergency fund. He reminds me a lot of your dad, Rachel. Thanks for all the great advice and happy new year ❤️🎊

[ilovegreen]

I never knew how to budget. Trial & error. Never knew about Emergency or Sinking Funds. Teaching my 5 kids all I have learned . I learned from YouTube, not from family or teachers………

[michelhamel]

My approach was not to spend more than I earn, minimize my expences. Single income family, one child, retired at 58. Being a Canadian (Quebec) truely helped. I started saving for retirement at 23. Single car and I cycled to work year round, a second car is a waste for single income homes.

[jennibean]

I love Tapple! I found it half price when Rite Aid was closing one of their stores. We had a blast at Christmas.
I love your content. I’m just getting started with baby steps.

[calzor]

cheers to those that are sick of being sick and tired!

[Kurtdog]

Started the total money makeover journey close to 15 years ago. I found myself being better at paying off debts than I was at putting money in savings. In my mind, DEBT was a much EASIER TARGET TO AIM AT, but SAVINGS was for "UNKNOWN TARGETS." Does that make sense?

[marym]

Thanks Rachel for all you do to educate! I was given Total Money Makeover in 2016. Have taken you and your dad's classes too. I've learned much and at 59 I am always learning. I've found other resources through the years.. Bogleheads, JL Collins, The Money Guys etc. Your words mean much. Blessings and keep up the good work! Mary

[freedomring]

It's a whole heck of lot higher than 40%

[garrettpattison]

She’s literally iJustine but for finances, the exact vibe I need!! Always so well explained for anyone to understand.

[jeffandsherriefranzwa]

Hi Rachel. I remember you presenting at one of your dad's events when you were 16. You did a good job then, and you're still doing a good job. Blessings.

[sallyprzybil]

This is a good one for the end of the year to set someone up with a new plan for the New Year. My December spending is sort of a bust, besides Christmas I also have a Birthday, and I find in the week leading up to my Birthday I do some frivolous spending. It’s sort of in my budget, and it’s just a bunch of little things. But December always ends up a higher than normal spend month. All ready to restart, readjust, in January.

[bettedavis]

40% seems low. I would have thought closer to 70%.

[jambiee]

Love the idea of a zero based budget! Will do so this month

[jacplanespotting]

On the one to experts you trust" - sounds great, but what defines an expert?
On the other hand, "understand your spending (personal money) tendencies" is

[brooke]

I’m getting sick of the board game promotions TBH, other than that great video 😊