Saving isn't enough, do this instead.

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[okaydude]

1.) Get a skill
2.) Negotiate a Raise/ See about a promotion (u dont ask u dont get...)
3.) Research dif careers/perhaps land a dif job (dont just be stuck at ur current job if u want more monies)
4.) Monetize your passions (if u have a hobby consider turning into a side hustle....sell stuff/courses/etc)

just some key points

[Jamesmatthews]

Spent so much time learning this over the last few months. Understanding the Money Printing process thats gone on over the last few decades has opened my eyes massively.

[HoneyJD]

As a recruiter, I lose a lot of candidates to counter-offers, and it makes me wonder why more people don't utilize this. Just interview for other roles (even if you're satisfied with your current employer) until you're made an offer that's more than your current salary. Use that to leverage a risk-free payrise. The VAST majority of employers will agree to at least match your offer, as it's very expensive to replace you/train your replacement/productivity loss etc.

[Michael-fwef]

The real inflation rate is about 5% per year.
You can't save enough to keep pace with inflation, no matter how good a saver you are.
Earning money is the only way to survive - that's why so many retirees have to return to work because real inflation is destroying their savings.

[yasmine.fathallah]

High-income skills:
1. Programming
2. UI & UX Design
3. Data Science, AI, Machine learning
4. Digital Marketing
5. Sales, negotiation, persuasion
6. Copywriting, Content creation

[PierceJPeterson]

There is a limit to how much you can save, but there isn't a limit to how much you can earn. I love that. Great video, Oliur!

[Yamazaki]

Im working a full 40+ hr job then going to school Monday - Thursday. This hustle culture will burn you out and have you yelling at yourself as a bum in the street. Give yourself grace and work smarter. Saving is enough when you invest that extra money into growing your skillset. Become a Plumber on the side, not a social media influencer

[justmrkhan]

Most people cannot increase their salaries. They can add more income sources, but if they are willing to take the burden, then sure.

Limit your spending. The first rule of finance is to invest with the money that comes before your spending.

Your savings and investment funds shouldn’t be the result of income - expenditure.

Instead, it should be income - investment money - savings = expenditure.

Just get a smaller house. Forget the dreams of a fancy car. And live a simple life if you don’t wish to take the burden. Increasing your income sources isn’t easy either. It’s doable.

[Eliasu]

bruh more streams of income = more stress for me, im already freaking tired working 10-6 full time job, I THINK IM GOOD

[LI]

I am an accountant and I wouldn't call accounting a boring job. You actually need to be really good at problem solving, logical thinking and stress management during month end closing periods, also being precise is key. The stress can give you a really nice adrenalin rush to be honest.

[JaviandRonin]

I think its still important to budget and understand where your money is going. I’ve seen so many cases of high income earners still be in debt because they didn’t understand how to manage their money even with their higher income

[kipupstudio]

Really clear great overview, I think it would be really valuable if you could potentially outline or go a bit deeper into "networking". I've realised this is something I haven't put much time and effort into and would love a 101. I've got regular practices and developed mindsets on design and would love the same "routine" but for networking!

[lowwastehighmelanin]

I really think opting in to minimalism helps. It really helps crystalize what we value and what we want from life. Starting with a "why" is the only thing that helps me stay the course (my why is my wife and kid, they're worth any little sacrifice I can make)

[extracurricular]

17:14 As an Australian this is true, however, the wage difference especially after the conversion from pounds to AUD is a massive difference. lots of them do tend to move back to Aus (had some friends in IT) but when I hear stories of the big differences in pay and work culture .. It makes sense.

[Isromancedead]

Your videos literally pop up at the time I need them! Love this, I am currently at a career shift. I made lyric videos n promo vids for artists all over the world but im bored and the money is mediocre so I am going Full time video editor for YouTube and hopefully big clients

[RelaxTake]

At 60 Years old you’d have around $730, 000 by simply putting that money in a 4.25% savings account. So that $360, 000 number he gave makes no sense. Obviously you’d be saving money in a SAVINGS ACCOUNT.

[AV-yqgf]

Lmao ‘typical Asian stuff’ - felt that to my core!

Fantastic video as always. I’ve always been on this opinion and I’m glad it’s starting to take hold. I’ve managed to travel very well in my 20s and buy my own place just from doing two jobs. It’s provided income when I was made redundant one my main one too - such an underrated mindset. Thank you! X

[alexphetsomphou]

Why does it have to be one or the other? Why shouldn’t you save more AND earn more?

[radiologytutorials]

It gets even crazier when instead of saving the $5k each month you invest it. Investing $5000 into S&P500 monthly for 30 years, with the 7% return in your example, will result in $5.5M at the end of the period. That $126 000 will actually be > $396 000. Shows the combination of increasing income and investing early is the key.

[CripleMusic]

Personally saving has worked wonders for me helping me pay off my house I don't really care for expensive branded items or seeing the world I would just rather be comfortable and content rather than waste more time trying to earn more while getting taxed more the less you need the less you want