The Easiest Rule To Manage Your Money

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⌚️Timestamps:
0:00 Start here
0:10 Step 1
1:52 Step 2
2:38 Let’s do the 1st part together
4:35 Let’s do the 2nd part together
7:42 But there is 1 problem…
8:51 The best way to solve that 1 problem
______

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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[GrillSergeant]

I have been doing a cash flow budget for 10 years now. I now own a home outright and have zero debt. I’m not rich by any means but not having to be a slave to a 9 to 5 is priceless. Debt and surplus deficits hold so many people back.

[sharonwinson-mg]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[francisseling]

i'm experiencing unstable financial situations right now, but this video helped me alot in terms of financial planning, not only focus on short term, but long term. Good habits take discipline and knowledge.

[biasedknowledge]

The way you encourage people to view personal finance like a business really resonated with me. It made me think about the planning fallacy, where we underestimate the time and effort it takes to achieve our goals. A family member of mine always thought they could save ‘later, ’ but once they started treating their finances like a business, with clear goals and monthly tracking, their perspective completely shifted. Your advice to use tools like the balance sheet is a game-changer for those who struggle with planning

[GillerHeston]

The avg. American is having a tough time doing so, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[john]

Great Video Vincent, I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80, 000per/yr rent. All thanks to my Investment Manager, I have steady income stream from my dividend portfolio, a total $250, 000 a yr to live comfortably. I have no debts ... Stay Motivated!!❤✅

[colonMicheal]

I Hit $210k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject

[tekakifukato]

Bank balance: $10
Me: Hmm, time to learn to manage money

[MOMOHEARTS]

I've been trying to get my finances back together aince I got into a relationship. I knew you would have to deal with burdens when with a partner but I didnt know everything will change, including finances. I finally got my side back to how it was when I was single with no kids but I've been working with his finances for years, he was never financially literate but his working on it lol

[AnthonyJustice-ix]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this

[hedgehoge]

The why is so crucial 😊

It really does motivate and reward you when you reach there, also allows you to make multiple spendings which you probably may have not assuming you didn't save or manage your money.

[axessorise]

Hey Vincent. Thanks for these amazing videos. I've discovered your page only 2 3 months ago. On a good note, these videos are educational and help a lot even though I'm just 18 and a high-schooler.

[kaimulai]

You never bought a fancy car or a fancy watch, but you DO have a fancy chair (the HM Aeron in the background). I’ve got the same chair, and it’s really helpful if one is sitting down most of the time for work!

[PhilFlock]

i just got the mouse you're using for my birthday. took a while to get used to it but its definitely easier on my wrist

[feliciaalmeida]

I’ve watched 10 of your videos in a row

[gamereditorner]

Cool! At 1:47, my goal is to save enough where I can travel with little to no loan after I get a job or part-time job.


Edit: Already open a second banking account as an emergency fund.

[tungho]

The link to the sheet does not work, I put my email in it but it kept loading forever. Otherwise, great video! :)

[BenB]

Aye I'm early, started watching your videos when I got a new job. Saving for a car, probably a prius to save money.

[DewyTrent]

3:02 I clicked on the link to download the google spreadsheet, but it just takes me to a page, with some text and a picture of the spreadsheet. I tried clicking around, and nothing popped up. Is there some where else I’m supposed to go, to download the spreadsheet?

[yunjeanz]

I love your videos! It motivates me a lot 🥰