Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment""

@lovetypauline6530

9 ай бұрын

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.

@MariaGarcia-gv8hj

9 ай бұрын

No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.

@lovetypauline6530

9 ай бұрын

Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.

@MariaGarcia-gv8hj

9 ай бұрын

I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.

@davidomcculloch3109

9 ай бұрын

Maria, Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on KZread videos and attempting to manage my finances on my own hasn't been very effective.

I love itttt! ❤ Thank YOU Aja for inspiring and shining that light 💡 bright. Lookin fab!

@AjaDang

Жыл бұрын

thank you!

I lovvveee the zero based budgeting method!!

I do a variation of the zero based budget… I have sinking funds for everything (shopping, personal care, dog fund, tax fund, etc) but have a monthly encompassing budget of PHP 12k (around USD 250) for living expense which includes bills, grocery, takeout because the prices vary too much for me to gague how much I will be spending on each category. Anything leftover from this 12k, I just put into any of my sinking fund. But this year I added back the percentage method wherein 30% automatically goes to savings, so I now have like 3 buckets for savings (general free to use shopping savings for all the small items that add up, lux shopping/splurge savings for treat yoself moments, and the mandatory 30% savings). Separating my general shopping and lux fund changes the game for me this year as I see a smaller number in each fund making me practice delayed gratification. Idk if I make sense 😂

Zero based has worked WONDERS for me. I can't imagine doing it any other way! :)

I like the 50-30-20 budget with a mix of different features from the other methods that I like.

@AjaDang

Жыл бұрын

customization is the best!

Yesssssss, another video ugh I’ve been burning through your videos. I’m trying to get my finances in order 😩👌🏽

@AjaDang

Жыл бұрын

🙏🏻🙏🏻🙏🏻

Thanks Aja. Great video as always. 🎉❤. I appreciate you!

@AjaDang

Жыл бұрын

thanks for watching!

Love your hair so much❤

Haha, Do you Boo! XD I started with cash budgeting as a teen and in college used 50/30/20. Now it is a conglomerate of zero-based spending/value-based cash savings. It is a fun journey of adapting to life's circumstances and being attentive of what you create with this tool, money. Thank you for sharing!! Peace and blessing to all

Good video!!!

Great video 🎉

I love 50,20,30 but as a young person my bills far exceed 50% so I tend to split whatever's left into 5 and give 2 to goals and 3 to fun 😊

@millennialmoneyprogress

Жыл бұрын

I max out my 401k at work and it comes out automatically from my paycheck. If anyone is doing 401k contributions don’t forget that it counts towards your savings % too!

This was helpful. Thank youuuuu.

@AjaDang

Жыл бұрын

you're welcome!

Thanks

I've changed my mind all the time between cash budgeting and 50/30/20 budgeting. I'm glad that I'm doing a mixture of both and also applying for credit cards this month.

@AjaDang

Жыл бұрын

the combo of the two is really great!

I love the cash envelope with zero method, I don't like using cards so it works for me. Plus I live in Mexico so paying always in cash is no problem

@AjaDang

Жыл бұрын

that's good to know. Many places in LA don't accept cash anymore

I have always used the first method and it helps me save up pretty well but I agree with the overspending issue. I don't overspend every month but there are sometimes "exception", especially when I have extra income and it gets crazy 😂 The value based method is very interesting ! Maybe I will try this one for a few months

@AjaDang

Жыл бұрын

Value bases with 50/20/30 is great

The cash only budget is good if you need a hard money reset. There are also apps that create the envelopes for each category. Would love to know more about the value budget - how does that work practically, with numbers?

Great video

@AjaDang

Жыл бұрын

Thanks!

Do you consider your sinking funds going under the “financial” portion of the budget, for instance the 50-20-30?

Mahalo😊 what to do if you always at 0 or debit. No money can be saved. No make enough in the job???

I absolutely love these tips! I want to try the value based method!!💗 I tried the cash only for like 2 weeks and hated it hahaha. It made it so stressful and for purchasing online I was totally lost. Not to mention those ATM runs were a drag 😂 thanks for sharing this!!!

@AjaDang

Жыл бұрын

The atm thing was a major issue. You don’t realize how inconvenient it is to get to one until you need one lol

I just paid off 3000 dollars of my student debt!!!! 25 of the way to being debt free

Can you do a video about the mindset shift you go through once you have an emergency fund? I’m struggling because i thought i would feel so different with a savings, but i just feel like those dollars aren’t being used / have a job!

@AjaDang

Жыл бұрын

interesting. My issue is being comfortable spending my emergency fund (in emergencies) I guess there's a lot of psychology that goes into an emergency fund that people don't talk about.

@jodigfromfwtx4888

Жыл бұрын

For me, my emergency fund's job is to give me piece of mind that I won't lose my home or way of life if my husband or I lost a job, or have an unexpected major home/car repair, etc. For example, at the height of the pandemic, we had no financial worries because we knew we had a big $ cushion in case something happened. And we're requiring our teen to save 20% of her paychecks to start building her own emergency fund. We told her she'd thank us later, as an adult. Lol

@AjaDang

Жыл бұрын

@@jodigfromfwtx4888 thanks for sharing!

Would be interested to see budgeting methods when it’s not income based - for months when you don’t have an income, or you’re living off of savings and loans (currently in grad school).

@thelionqueen12

Жыл бұрын

Well, then I would try to "give" myself a salary each month. Since you know how much you actually can spend. So YOU will be your own boss, giving our a salary. Or plan for your entire studies, if you know there will be more or less spending some months.

Great video! But they don’t accept cash in LA? What kind of dystopia is that? Cash is the only legal tender (currently). The cards can be void or rejected. Bad business. In Korea they offer discounts if you have cash much better culturally

Cash method worked really well when I had a lower income (during high school and uni) since you can see where every penny went. I didn’t have much savings, but I would do roundups to the nearest 5. So if a coffee cost £3.5, I would put £1.5 in a money bank 😂 So cool to see how I’ve evolved as an adult and now using zero based budgeting. Totally agree about needing flexibility!

Seriously button your shirt up

Great video. I use a zero based budget, however, I have a line item called "buffer". Every month I allocate $150 to stay in my budget as a buffer and I use that to build my starting balance. I budget EVERYTHING down to zero but will NEVER leave zero in my account. TERRIFYING..lol

@AjaDang

Жыл бұрын

Totally. Buffers are crucial no matter what budget technique you use!

@c.martin89

Жыл бұрын

My budget is the same. I recently starting using a buffer because I found myself spending more one month but not the next.

@Bellesed12

Жыл бұрын

Do you mind explaining more what a buffer is. I don’t seem to understand the concept

@natachan5784

3 ай бұрын

I do the same

I'm focus with your dress😬

@AjaDang

Жыл бұрын

thankkksss it's secondhand from TheRealReal