In this video, we will cover the 11 most important rules of money that have the potential to save you thousands of dollars and help you achieve a financially independent lifestyle.
What is the #1 rule of money that you live by?
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Love that you’re putting these out man, definitely learning a lot, keep it up!!
Thank you Steven! Any future video suggestions?
Nate O’Brien got any tips on making extra income for people working full time as well?
Another great video with good information. thanks
Thank you for the continued support on the channel!
Question of the day: What are your financial goals for 1, 5 and 20 years from today?
1: be in full swing of debt payoff (student loans).
5: be done paying off all student loans and have saved downpayment for a house or an investment property.
20: be making enough passive income to live on, and also have enough invested to pay my essentials using the 4% rule.
What are yours, Nate?
100k by 19, 500k by 24 and 3mil by 39
1: Stream of income > Expenses. Debt-free
5: Attaining multiple streams of income, able to manage my own investments/taxes.
20: Being able to retire early if I want to. Expenses are covered by “passive” income
1 year: have a positive net cash flow. 5 years: pay off college. 20 years: be financially independent (that is, I can work at what I want without caring how much or little income it brings)!
I really appreciate your advice. As an artist it is important that I can fund myself when nobody else will when I’m starting.
That’s great! Keep creating art, my friend!
Fantastic video Nate! As you mentioned each of these has the potential to save/earn one thousands of extra dollars over a lifetime. Number 8 is one that is very much true. Spending some time to figure out and learn the tax code can provide a great return on your time invested.
Kiyosaki once said that the govt. will never truly be able to tax the top 0.1% because they will ALWAYS find loopholes etc.. I think this is very true
Its a tech channel!!!
tech channel?
Are you going back into stocks in the near future?
Yes
@Nate O’Brien
Nice
can you make a video on how to waste money more efficiently
haha that’s a good one!
Awesome advice, thank you.
Thanks for watching the video, Connie!
Nice .
#1 rule of money for me is to not waste money on things I want, so I don’t have to sell things I need
Wants vs. needs!
Top 5-10 tax hacks? Also how to find like minded people(entrepreneurs)
Would be dope to see those videos!
Money Mogul definitely agree on the Tax video suggestion
Money Mogul I absolutely love the idea!
I also want to see a video on this!
The analogy about sunk costs was really good, I think people need to take a step back and reasses the situation a lot of times. Great video.
Thank you! I have learned a decent amount of information from my economics courses in college!
I like rule #1 a lot I think sometimes its hard for us to remember that
People get too caught up in the greed and forget to spend time with friends and family. I am glad to see that you agree!
Rule 1 Never loss money!
Rule 2 Never forget Rule 1!
I believe so much in this Jimmys’ Strategy It seems to work on all time frames and platforms. If you can identify previous support/resistance levels, look for a more profitable currency pair. Jimmy Walter Flannery the creator of this strategy is a genius, you can connect with him on Instagram. He’s always willing to share with everyone. @jimmy_flann or by email at jimwalterflannery@gmailcom
Pretty Surprised to find Jimmy in comments here. Thumbs up Jimmy and big thanks to you!
I recall when retirement for me was so close and I got scared, I decided to give Forex a try. Turned out to be the best decision I ever made. Retired last year and have been trading forex ever since using Jimmys superb Strategies, I make quite a good sum of money on weekly basis. you should check the internet for more information. or rather connect with him on IG @jimmy_flann.
Please i really want to know more about Jimmy and see if i can attend one of his seminars. He appears to be known on basically most videos and platforms here! I’d love to contact him by phone or by email.
Finally I found legitimacy and transparency!!!
*Bro pls make a video on Network Marketing*
I think I will release a video on MLM sometime this month!
@Nate O’Brien ok
Great Video Nate! And your number 1 point was 100% Right!
Thank you! I’m glad that you agree with #1!
Bro almost 33k sub your now at 32,992 wooow keep it up
Thank you!!! Good luck on your channel as well!
I always enjoy ur. Videos
Thank you, Kayachi!!! ✌
All excellent points. For those (like myself) in Retirement and even those close to retirement – legal Tax Hacks would be a great vlog. For those in their 20’s & 30’s proper Networking would be a prime vlog for success.
Seems like the tax video is highly requested! I will do my best to make a video on this topic!!!
Great vid Nate! Especially the concept of sunk cost, we do it subconsciously all the time. Will definitely keep in mind and be conscious from now on.
That’s great to hear, Erick! Thanks for checking out the video, let me know if you have any questions!
Spending money on date with women, will save you a lot of money
Spending money on a date can rack up the bill very quickly!!!!
I mean to stop spending money on women, will save you a lot of money
yea I was guilty of from age 19-22
I just stopped that in February. I literally paid about $600 to go on a trip just to be with a girl. It didn’t turn out as planned and I said that’ll never happen again.
The problem I am having is meeting people who like talking about money, investing, and financial freedom. Any suggestions?
I struggle with this as well. I find myself befriending similar YouTubers!
@Nate O’Brien let’s be friends!
Great rules!
33 K Subs ! Awesome 👏
Congrats 🎉
Thank you for the continuous support on this channel, Ernesto!
Great video Nate. Appreciate the money talk 👍
Our #1 rule of money is don’t work for money. A lot of people say “time is money” but we like to say, time is priceless. Money, you’ll get back, but time on the other hand, is different! If you ACTUALLY dive into those 11 rules you just went over you’ll see that almost all of them are based on 1 thing (no, not money itself) but the mindset, and you standing there giving us a piece of that great, great mindset is the best thing that happened to me yet (today)!
I very much like your mindset! Keep it up!
Love these videos Nate! Keep it up!
Hey I think I remember awhile ago hearing you mention that you made some decent money off your drone and it was a good investment. I have a drone and some other nice camera equipment and have wanted to sell some photos I have printed and maybe market a bunch of other photos I have and I haven’t been able to sell any through letgo or offerup or town yard sales/art shows or even word of mouth and I wondered if you had any tips for me or how you marketed your photos. Thanks a lot!
I would push your Instagram page hard. Sell prints in your bio possibly. I have a friend who pays his rent with photos, mostly cityscapes etc.
Nate I want to start a Copywriting business, do you think copywriting is dying and digital design is taking over sales pages or is it still a skill that clients will pay for?
Copywriting will always have its place in the market. Go for it!
1) Value = Money not time.
2) Money buys you Freedom
3) Money needs to be invested.
That’s what my last video was on
1 year i want to be able to generate more income through a business. 5 years want to have a no debt whatsoever, 20 years want to retire and be a farmer
Awesome! I want to buy a massive farm in Virginia!
Very good video!
I don’t think student loan is A GOOD debt !
In theory, you should earn more money after college so you could view it as an investment. Keyword: “theory,” there is a lot that could go wrong which could turn student loans into a bad debt!
I need to stay out of Starbucks everyday sometimes twice per day and I’ll save a lot. I could’ve bought a high end espresso machine for home by now.
All Smiles you got this
You deserve millions of views for your videos! Great videos and thank you for guiding people towards financial freedom!
Capitalize in crisis. Wow. I think I know another reason how avrage American people has been getting financially butt raped agin since 2009.
You are awesome Nate , great advise thanks
The last rule was the best rule!
Thank you so much for making the videos you do! I just discovered your channel yesterday and have already learned so much. You’re incredibly mature for your age and have a bright future ahead of you. Keep it up!
Nicely articulated and very composed in delivery, no gimmicks just helpful advice. Thanks.
year 1: $20k
Year 5: $60k
Year 20: $1.2m
Definitely want to reiterate the concept of opportunity cost. I have heard people saying at least I got my money back. Keep in mind that, inflation is eating away at the value of your money over time and you “lost” money by having lost the opportunity to grow it in another investment
I’m sure your friend benefits taking you to NewYork with all your knowledge he can gain on the road trip 🤮 smart guy
I think I have a better option for rule 1: there is a reason why some jobs require higher education: the level of thinking and depth required to get a degree transforms you, it’s not just the money. You can do it yourself but it’s highly unlikely. But there is a better option: come and study in Europe. There are a lot of countries that provide higher education for free or for a much smaller price. I have a bachelor degree in Computer Engineering and the cost for me was something like 2000 dollars ( would have been entirely free if I had better grades) . I went to university in my country: Romania.
So how about going to college, seeing a totally different lifestyle and culture and do it for almost nothing 😉
Nice video. Keep it up Nate
An additional sunk cost example: sitting through the whole movie, when you didn’t like it the first 10 minutes, but you end up sitting through the whole thing, just because you already paid for it.
That rich friend method only works if they also accept black friends in their social circle.
I have been binge watching your vids since I saw one of your comments under a Matt D’Avella Video. They are absolutely great and informative! However, I live in Germany so if you something about the stock market I look things in the Internet up and I realise that there are quit a few differences here. It would be fantastic if you would find the time to make 1 video about the differences between different countries in terms of stock market, taxes and so on, because for some parts of your community this would be interesting as well. But of course I would understand it if this topic isnt such interesring for you and therefore that you wont make a Video. I love your vids anyways :)) Keep up the great work Nate👌👌
Hi
Hola
@Nate O’Brien No way you are one of my favorite youtubers and thanks to you I have figured out how ro save earn and invest money. So Thankss
11 Rules of Money
1. Opportunity cost
2. Leverage
3. Capitalize on crises
4. Hack taxs
5. Network=wealth
6. Money follows attention
7. Sunk cost
8. Compound interest
9. Keeping up with the Joe’s creates losers
10. Good debt vs bad dept
11. Money doesn’t equal weath
Your welcome
Every time I see someone in a really nice new car I can’t help but think, ‘Well, they’re probably broke…”
nate why are you so cute? no homo, but really?
You’re awesome. Thank you!
Thanks for watching the video, Rasha!
You are very talented Nate. Thx for your advice. I feel like I have a plan now. Its a great feeling. Thx again.
Hello nate ok im listening😉
Been watching your videos over the past few days and have loved them but THIS one and the way it ended! Passions DO deserve to be spent on and it was cool seeing how you still have that kind of side to you lol not that you’re a robot or anything haha. Thanks for the videos and I’ll continue to binge watch!
Bro I never would have imagined that people are having kids simply to keep up with the Joneses via Facebook and Instagram.
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