The Brutally Honest Financial Advice That You Need To Hear

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[Sammytammy]

As a home owner I’ve diversified into other sectors that have been less chaotic. With a good investment plan that ensures steady income without any doubts I and my wife are prepared for a well organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

[jaywarren-ye]

I'm 75 years old. It is so refreshing to see a young woman with so much practical knowledge. You are wise beyond your years.

[JefferyDuns]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

[michellevey]

I don't know about Canada, but medical insurance in the US is a very, very big hindrance to being self employed.

[speedibusrex]

Don't spend what you don't have.

[nicke]

At 30 I am now at a point in my life where I don't live paycheck to paycheck anymore. Granted I still make close to minimum wage and don't own a house, but have no debt and am able to put away a nice chunk of savings every month.

Growing up dead poor and nearly homeless is crushing, but through minimalism and being frugal you can claw your way out of it.

[onebillneoone]

I did reach financial freedom at the age of 40 working for an employer. Not saying it was easy but it can be accomplished IF you are disciplined, frugal, and willing to live below your means. I can officially retire in less than 6 months if I chose to at the age of 49 with a lifetime pension and medical benefits. From that point on, it’ll be my choice if I chose to work or not. Wishing all of you good health and wealth!!

[obietravels]

Retiring at 55. Love your content, and it is highly relevant in today’s labor market. A couple of key points to contrast: 1) earning a degree dramatically increases lifetime earning potential and is absolutely required in many fields. The key is to choose a career wisely and not go into debt for a degree that will not garner better salary.
2) working for an employer can provide benefits that self-employment does not. Specifically, group-rate health, life, and disability insurance, matching 401-k contributions, and —the gold star—lifetime pensions.

Yes, live below your means, pay cash, be disciplined —I found that having an employer-sponsored investment helped with the discipline for investing.

[murraycod]

Hi Nichole, good vid but I can’t agree with you, that you will never get anywhere working for someone else. I worked for others all my life, saved hard, paid off my home, now own everything AND retired at 49. Cheers.

[benjanos]

Totally right. If you cannot afford to pay cash, don’t buy it. The beauty of this logic is that if you force yourself to save the total purchase price, you will think twice if you really need it. You have to save, you have to wait, you see how hard it is to make money, then you choose. Borrowing money is a trap for people without common sense. Very common.

[richardsanty]

I would like a part 2 of this video. Thank You.

[carlbarton]

Nicole for President, finally a YouTuber who removes the BS.

[richardteale]

Hi Nicole, I have just discovered your channel and subscribed. I’m a seventy year old Englishman and I have to say that you truly are a breath of fresh air. In the UK, in the last few years, consumerism has gone off the scale, it’s like a drug to many people. Amazon, and especially Amazon prime, has been like petrol to the flames . I live in a very small village, and I see parcel vans coming seven days a week.
I am no skinflint, but as a self employed carpenter most of my life, I haven’t accumulated significant “wealth” However, I consider myself very rich, I have many skills ( from boat building to knitting my own socks and hats )all of which are self taught . I have healthy kids and grand kids, and more than enough money to live on. I have many interests and no TV….i don’t want one.
I’m so glad I don’t have the sheep mentality that so many have now. Very best wishes from the UK Nicole, you have gained another friend.x 🇬🇧🇺🇸❤️

[lhpmusiccatalog]

This video is full of great stuff. I want to push back (gently) on two things.

First, getting a college degree is about (among other things) having OPTIONS. Options are good. And there are plenty of ways to get a college degree without going into crippling debt -- including 32 states in the U.S. that have literally FREE college programs. Everyone should at least consider that, even if they decide it's not for them. And don't think of college as job training. It's about improving yourself, which makes for a better foundation for whatever you end up doing later as a career.

Second, you should only work for yourself if you have the temperament for it. I did it for 30 years, and it is definitely NOT for everyone. Plenty of folks cannot take the stress of not knowing how much money they will be making. And not everyone has the creativity or variety of skills needed to make it work. If you can, you should. But if you can't, don't feel bad about working for someone else. The stability and reliability of income can be worth the trade-off.

[hiflyer]

Amen sister: this video needs to reach million people. Maybe then, mental and physical health will get better.

[ihadlunch]

I started my life over @ 27 moved from NYC to Georgia (not Atlanta). Took a job as an operator making $16/hr. Brought a house at 30 when i was making $22/hr. Replaced my hooptie of 12 years with a nicer CPO mazda 3 manual trans in cash at 31. At 32 I got promoted and make $77k before OT. I still live my lifestyle when I was only making ~52k a year. My mortgage is ~30% after taxes/401k match. It's nice that now I have stability I can go and buy the nice things since I know its going into my home that I will eventually own. No worry of a landlord raising rent yeah I have my own repairs now. But if you save ~2% of house worth a year you'll be a really good spot.

[brucestiles]

I'm afraid that I have to disagree with the idea that one cannot become financially independent unless they own their own business. I lost money every time I started a business. My wife and I are financially independent simply because we saved and invested when we were salaried employees. If you are living below your means and saving in 401{k) and IRA accounts, you can become financially independent. Nicole is right that it is boring, and that is the way that it should be. One day though, you check your account balances and discover that your assets are in excess of a million dollars.

[Jamaali]

We all aspire to financial security and a better life, therefore I appreciate how you take the effort to educate your audience. This is simple to accomplish with the correct investment, modest lifestyle, and budgeting. I'm happy I learnt early on to put in a lot of effort to achieve financial independence.

[AW-zpod]

I’ve started distancing myself from so many friends because I grew up actually poor and they’re always complaining about how broke they are… right before showing off their second $150 SHEIN haul of the month

[ELIZABETHhunter-vw]

Nicole, I wanted to thank you for the advice of saving $17 per day. I was able to pay off my car note recently, and truly....thank you! Best advice EVER!!!