4 Signs You’re Doing Well With Money

About this episode:
This episode goes out to anyone who’s ever looked at an Insta reel about someone’s super aesthetic white and beige home or their Whole Foods grocery haul and thought, Dang—I’m way behind with my money. Here are four signs you’re actually doing better than you think.

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[Susanhartman.]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[bookwormbon]

4:37 1. You live below your means
5:02 2. You have an emergency fund
5:34 3. You don't rely on credit cards
7:28 4. Your net worth grows over time

[ElizabethKing-quob]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[KarenLavia]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[Henry-hpkl]

I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.

[peace-a]

My sis called me cheap on more than one occasion. I like to call myself frugal instead. We have 2 paid off cars, no debt except for the mortgage, a fully funded ER fund, a growing 401k and we pay for vacations in cash. Meanwhile, they fleece 2 cars every three years and are in debt 🤦🏻‍♀️

[ianmunro]

Case in point. I work at a prestigious art museum in santabarbara ca my expensive as hell home town. Our janitor Jorge whom came from Mexico, worked 3 jobs, lived poor a saved every penny for 30 years owns a paid off home, 2 paid off bmws and is about to retire. Not another employee on site has done this, all broke.

[RichardTouchfaith]

We're doing pretty well, though my wife doesn't keep a close track of our finances. A few months ago I suggested we go car shopping for a large SUV. 2 hours later we drove it home after writing a personal check. She was actually shocked we had enough funds for a spontaneous large purchase.

[CYCO]

Wife and I just bought a new (to us) car. Finance guy at the Toyota dealership was surprised, manager was pissed, salesman was impressed when we walked out with the keys, after writing a large check and staying debt free with about 70% of our emergency fund intact after my other paid for car was totaled. That being said, we've made a lot of sacrifices to keep our heads above water, and the economy has done us few favors. Hopefully, we can get this inflation crap over with, and soon!

[wesyoung]

I’m 36 just paid cash for a new truck that I saved up to do so. I put cash into a high interest account that pays all my utilities and car insurance every month. I live like I’m broke and those around me at work are broke but live like their balling.

[Keepitsimple-]

We have lived frugally our entire life. We have paid off our mortgage in 8 years. Still live in our first / starter house. We save 75% of our income. We are blessed to have high paying jobs which helps with 75% of savings rate. But I used to save 50% as a grad student making $1500 a month. Saving is usually not a math problem. It is a mindset. And yes, i dont have FB tiktok or insta on my phone. I could care less what others are doing.

[yearoldnewdriver]

I am saving money for a used vehicle. I am trying to adopt the financial minimalist perspective in my early 40s.

[MrsPink]

Hubby was on the receiving end of jokes at work. Driving an old car, taking his own lunch, paying cash for his car parts. Who’s laughing now? Hubby is retired. Some of his coworkers are in their 70s. We paid cash for our new car, 2nd one of our life, and went to Europe with money we had saved. I’m proud to say my kids are adults with no debt, emergency funds, and savings.

[c_guy]

I needed to hear this. Everyday i think about how far behind i am. I've only been listening to you and Dave Ramsey for a few months but I'm just trying to take it 1 (baby) step at a time

[traciejones]

A simple lifestyle can be a very happy one. I remember reading something in a book or article once about an architect or builder who built houses in a certain neighborhood. He said they all wanted front porches on the large homes he built, to relax on and enjoy, but when he drove by he never saw anyone ON the porches at all. They were living beyond their means having him build them fancy, upscale houses. He said had they had him build smaller houses and smaller front porches, they could have had leisure time to BE on the porches rather than having to work overtime and hardly be home. Had they had him build not the most lavish he could do but fitting their lives, he said they could have spent time with a lemonade on those porches. He himself lived in a smaller home without all the bells and whistles, and he did sit on his porch swing after work with his wife. I would rather have the time with my husband on our little porch than be in over our heads financially and never on a large porch.

[EcomCarl]

Such an important topic to discuss! 🙌 It's crucial to remember that financial success is a personal journey, not a race against others. Focusing on our own financial goals and progress, rather than comparing ourselves to others on social media, can lead to greater financial well-being and satisfaction.

[nogames]

Don’t compare yourself to other people. Everybody circumstance is different. And a lot of people put on a show when behind the scenes they are in deep trouble. Don’t worry about them. Worry about yourself.
I understand the feeling of not doing well when maybe you actually are doing pretty well. Nowadays with everything looking like it’s going to hell in a handbasket it’s hard not to feel discouraged or stressed about finances.

[optomix]

Thank you for this video. Helped me feel like my family is doing the right thing.

[rociorocio]

Until one fully lives "debt free" in certain areas of our lives, it is very difficult to even think about joining that side once again of the constant comparison and wanting the latest this and that. It takes maturity and stepping back to think what is the most important at the moment and follow that for yourself.

The sad truth is a lot of people are just trying day to day but do not have set goals or plans to reach what they do not even know what they want to reach.

[racenuke]

Thanks for this video. I needed some encouragement. I really am doing okay even though I freak out for small things. It’s been a rough year but I think this year will be better financially