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In this video, I will show you seven steps towards obtaining financial freedom. Millions of Americans are living paycheck to paycheck. The goal of this video is to outline some measures that you can take to alleviate the pressure of financial burdens.
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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What happens when your income isn’t fixed income?
why wont you ever wear a leather jacket
Are you okay, sir. Your voice seems to be different. Take care.
What credit card did you use to get those travel points? Thank you for the vid 🤍👍🏻
Although you said this are just some advices to get financial freedom and not a specific programme or plan to do it; I think you bring great ideas. Many people live as slaves of their expenses, so they can’t really enjoy their money. We should focus on the way we spend (or waste) that money and making it produce more and more. Healthy credit score is another goal in this video 👏🏽
Love the value Nate. It’s not how much we make, it’s all about how much we keep!
Exactly! Cut where you can so you can grow the extra. Passive income can help speed up the process as well
hey, can you please… let us know what microphone you are using ??? loved the audio?
I have 7 credit cards and my credit score just increased over 765. It all depends how you handle it.
What camera does he use?
I love it how you can just talk without cutting videos so much.
what site can I see an audio book for free?
How much savings rate do you, guys here, consider to be limit for balanced life? I feel like that 50-60% is the optimum and more can be detrimental to your motivation to increase income? I am a natural saver but there is still part of me that enjoys having some buffer for better food or have some fun and that enables me to keep my motivation to work harder. Just wonder what other people consider to be optimal for them.
I love your signature fringe, ps hello from nz, appreciate your content
Sure… Sky is the limit, but actually there is no limit :))))
Thanks i will follow these steps to help me control my finance and income and life..
Super impressed that you made this whole video in one take! Kudos!
Been watching Nate’s vids for some time now. I’ve decided to take ACTION and start my YouTube channel to document my path towards financial freedom! Appreciate it y’all could stop by my channel for 10 mins and give me your thoughts on my first vid
Nate, partner with webull you get $30 for every person who deposits $100
Bro please make a video about best personal finance books
Take it from someone who is now 66, retired and have to work 2 jobs and social security just to make it with inflation. Start young and let the compound interest grow though the years to retire a millionaire.
……..
Look forward to your videos every week Nate great work
Do you consider home equity in your net worth calculation?
Stop buying things that you don’t need, to impress people that you don’t even LIKE! Great video, Nate!
I have to drive 40 miles to and from school but i saved a little bit of money by carpooling with others in my class who live in the same area so that is an option
This was a great video, Nate! Very well structured and packed with useful information.
How do I achieve FIRE, even without the power of autism?
I am 22 years old and have very good control of my finances. But when you mentioned not only playing defense that really hit me. Been running a great defense for about a year now, saving 60-70% of my pay every month. Time to take things to the next level and hop on offense. Thank you so much Nate!
Nate O’Brien I want to live off your paycheck. That would really solve my problems.
a wise person once said thanks to this video i don’t live paycheck to paycheck. i now live direct deposit to direct deposit.
Wait how are you gaining enough points for free vacations when youre only using credit to buy like candy bars as an example? I use mine for nearly all my monthly expenses and still only earn like $5-10 a month. Hell everything but rent (its cost more in convenience fee to use credit card than id earn)
Thank you for this video. It lets me know I’m on the right track 🏃🏽♂️
I’m trying to pay attention but you’re just so darn attractive that I can’t focus
Great stuff bro!
education
My biggest takeaway is what you said in the beginning. Most people are afraid to even analyze their current position because they’re AFRAID of what they might find!! I give a lot of financial advice myself and I must say: Nate, your channel is extremely impressive. You motivate me to put out more content. Cheers!
Reggie Bryant but can you really blame them? that’s the scariest thing to do
Money in equal bills out, is anyone take this this idiot serous , keep in mind that he making money on you tube channel. Young people who make money just do it they don’t talk about it. He is such a ass.
I’m going to rob a bank now.
1:04 “we” ?
Goodness you are so ‘ effortlessly ‘ smart 🙂. Thank you for this. Especially appreciate your perspective on credit.
I wish I had this knowledge when I was coming out of High School…
I am retired and have zero debt.
However…other than a small monthly social security. But I can live on it. Barely.
My net worth (assets) = 29 bucks give or take some pocket change.
I am screwed.
Love your analytical thought! Great advice.
Hey coach. Can u do a book summary of FU MOney by Dan Lok
…….
1 acknowledge the issue
2 analyze ur current situation
3 set goals
4 educate
5 defense
6 offense
7 build credit
Thanks mate I found this very helpful
Ah you done it again with the information. Thannks!!!
hey boyz and girls
check out greenpath if you are in debt
Its a solid service
Nates videos seem to be some of the only ones that aren’t trying to sell you a course or a book….refreshing!
Always payed myself first 10%, that was never touched, also 5%Emergency fund, and kept out of debt. Retired at 54 .
An alternative to step 3 is setting systems instead of goals.
“What are systems?” Unlike goals which are a one time thing, systems are periodical. Example: a goal is gain $1000, a system is gain $100 each month. So instead of setting a goal to be debt free, you can set a system in which you pay off a part of your debt with each paycheck. This method tends to make you stick with your plan better.
“Why?” If you accomplish your goal, you tend to be happy with the results and stop. If you take too long to accomplish a goal, you get bored or frustrated and eventually stop pursuing it. If you set a system, there is no end to it. But you don’t get bored or frustrated with it too, because you accomplish it each given period.
Who’s still broke in 2020 watching videos like this lol?
Let’s Talk Money But broke is temporary. I’m working on it. I’m watching videos like this, have created a budget, am on a no/slow spend and have a plan to pay down the bit of debt I have.
@pugluvnapril Broke is temporary! Thankfully 🙂 I used to binge watch videos like this to get me motivated and maintain the fight. I wish I had friends like Nate in real life.
Glad I came across your YouTube. Very informative
Another useful video
Dont spend beyond means.
What do you recommend for an online savings service?
*hey you littel Jim Ron* 🇺🇸😁❤
Appreciated what you’re doing and what you can do at this stage of age. Keep improving.
Teach English online! Easy side gig that pays $20 an hour
Good stuff when people apply it in their lives. Keep it up Nate. 👍
Did Graham Stephan just copied your video and made his own version of it just in 2 days?
I do have a hard time with money since I only make 15 bucks a hour
I got jumped outside my apartment and stole my money.
I’ve really enjoyed your videos and I’m learning to have better and smarter financial freedom for that but I wanted to ask the question. If you were in a situation where you feel your not happy with the job or career and to be happier with a new career you would have to take a pay cut in order to leave. How would you approach that situation if you don’t mind me asking?
a lot of idea i can get from you. thank guy
The best way to get in a good financial position is step #6. Increase your income! All these other steps won’t work if your making a bare bones living. Of course, if you’re living high, you can look at cutting back. But if you’re making $20k per year and can’t pay your bills, analyzing your budget won’t get you very far. Cutting costs may be impossible. Remember the old joke about how to become a millionaire. First, get a million dollars.
“If you do something stupid, that’s on you.” Good life advice there, Nate. 🙂
😕
I needed this, thank you so much Nate!
You’re amazing Nate! I really love your videos and content. You’re so mature for your age. You should make an app of your own. Thanks!
I’m surprised no finance channels ever talk about secret shopping to save on food
I honestly believe that a big problem is that people in general tend to spend even more if they get a bigger paycheck. O have friends who do that instead of saving more money. They will just go and spend even more and then complain they don’t have enough money. I tend to go the opposite, the more I have the less I wanna spend. :))
Nate, I listen to yours videos two and three times, just to learned. Your great. Thank you.
Fortunate enough, since my first job I never live paycheck to paycheck. I would have lived in a constant anxiety. I save 50% of my salary
Great job Nate… you are much smarter than I was when I was 21 years old… Just like losing weight, where you have to burn more callories than you take in, you need to go on a financial diet too… spend less than you make. I have been saving 33 percent of my income since I was 18, I’m 48 now
I really appreciate you making this video, thank you ✨
Thank you very much ! I took notes on what you said. I’ve already running myself as a business and have a sheet for all my cost and incomes and everything that I spend and get, it’s massively profitable to get better to control my financial situation. I just need to play offense now and set consistent goals and I realized that if it was so hard for me it’s because I skipped my financial education ! I will just read about how taxes work in my country, how can I get the maximum benefits when I will start my business. Thanks to your help it became clear and easy to take actions on. Thank you so much !
What the hell can a 21 year tell you about living pay check to pay check with no family
I have never seen a video with zero dislikes. I guess people just click the “dislike” button for “shits and giggles”. Thanks Nate for your insight.
“If you do something stupid, well…that’s on you” 🤣😂
When I calculate my net worth, should I add my stock investment growths to it? Personally, I feel that it might be confusing to do it as the value of the stocks keep changing from time to time. What is your best advice on this?
Yes, add your portfolios worth at the time you calculate your net worth
How to stop living paycheck to paycheck:
Step 1: make tons and tons of financial advice videos
Lol
How old are you?
Folks, make a budget. You’ll find money you think you never had.
I am an introvert too. I dont have saving. Dont have any. Thanks to your video
55 year old lady here. Nate, I love your financial and life advice! You have helped me to understand the concept of money so much better. Please keep making videos! Your parents must be super proud of you! I hope to get my 20-something kids to watch your videos as well!
A CREDIT CARD IS VERY USEFUL FOR BUILDING CREDIT.
However, only use it if you WILL PAY FOR EACH CHARGE IN FULL each month.
That’s how I built an EXCELLENT credit.
Main Rule: Don’t buy unesessary things just because you have the money for it.
Eventhought I am not in US, yours is very useful.
Would paying off my subsidized student loan in a year negatively affect my credit score due to decreasing the “length of credit?”
Good video! The only problem is that “net worth” is used in a way that accidentally implies that one’s value/worth is purely financial. 🙂
I’m not struggling to pay bills I’m just done working and wasting time at a pointless job away from my family. I should not see my coworkers more than I see my child
I hope I can raise my child to want the kind of education you have. I would love to be able to get him at 5 years old right now to be able to open a custodial Roth IRA or some kind of account that will build his money before he’s 20. I am doing good but not in the path to retire when i wanted (45 years old). Looking more towards 70 now.
Nate, can you also consider within the assets the network you have? the people and connections you have, “your network, can be your networth” it is an item to also take into account 🙂 best business can come from your network 🙂
Great video thanks for sharing
Excellent content. This is certainly ammunition in the war against financial drudgery. Thank you for keeping it simple.
Dude made A Football Anology!!! Dope 💯
I wish I would found your channel years ago. I do feel that women have more expenses than men, especially those like myself who are quite femine. Have you thought about making a video covering this subject? By the way, I am 52 years old and enjoy your channel. Your parents must be so proud of you! I need to share this with my 20 year olds.
……
I realized that the secret to making a million is making better investment. I always tell myself you don’t need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million. Delayed gratification always pays off.
dang
Defense and offense can also be applied in the portfolio construction.
Dividend stocks in Utilize sector -> defense
Dividend stocks with growth potential -> middle ground
Growth tech stocks with profitability & strong balance sheet -> offense
Growth tech stocks that are not profitable in growing industries -> speculative
I love how you fix your hair here and there:-) nice videos btw
thank you for todays investment video nate. i am risk averse so i invest in cds and gics which are the same as US Cds. But when i think about it as a 60 year old you are right we are better off investing in solid etfs like vanguard has than fixed income investments. By the way who is the picture of on your back wall? im in the music industry and was wondering who the guitar player is.
hey,i watched many of your videos and found them useful. thanks for that