I put away a grand a month but there is always something. Daughters tuition, car needs tires, daughter not working, medical bills, vacation,

My mentality hasn’t changed whether I make 20k or 100k. I still have the same mindset that I’m brokeAF and spend the same as if I’m poor. It’s just habit.

@xmusic2049

17 күн бұрын

My mindset would change. I would be able to save and invest more.

@kauigirl808

17 күн бұрын

@@xmusic2049 I meant spending wise I’m still the same. Invest more than half my paycheck in my 401k. I do go higher if I make more.

@angelinasouren

14 күн бұрын

What if you made 5k?

@kauigirl808

14 күн бұрын

@@angelinasouren are we talking monthly or yearly because it's a big difference 😂😂😂😂😂

@angelinasouren

14 күн бұрын

@@kauigirl808 yearly

You left out one key category: GIVING. :)

@rushellrousseau9197

2 күн бұрын

Very important! Giving is useful plus it just makes me feel richer!

No CC debt, No car payment, Mortgage at 2.25%, building my Brokerage account and saving account.

@TheMFStudios

16 күн бұрын

Then why are you here?

@vintagecrazyjay4970

15 күн бұрын

@@TheMFStudios I'm here for motivation to continue to stay debt free. Never stop learning. Cheers!

@jairohernandez7957

14 күн бұрын

@@vintagecrazyjay4970 same!

@phansaxtiger

9 күн бұрын

@@TheMFStudios😂

@hades1066

7 күн бұрын

Are you living with your parents still? That's the question we all need an answer to...

Don’t trust family and cousins if they want to borrow money, they won’t pay you back. They’ll say I’ll pay you whenever I pay you back or it’s your fault for asking for the money.

@lexxko

24 күн бұрын

Family is family...business is business. Try to not mix the two if possible

@georgina4874

12 күн бұрын

Look at it as if it were a one-time💕 donation.

@bronzefire5404

6 күн бұрын

I learned the hard way when loaning out $. If it will hurt you not to get it back, then don’t loan it out.

@nargizakhujanberdiyeva

4 күн бұрын

Painful true 😂

@SP-ig3vs

Күн бұрын

Just give them

That's smart, putting the financial goals before the wants.

The overflow on the credit card debt was accurate 😂😂😂

@itsrosehan

25 күн бұрын

😆

@erikaharris7499

3 күн бұрын

I chuckled with that too!! 😅🤭🤭🤭

5:36 I've used the "snowball" method that you talk about, but it actually works by taking the payment from each debt and adding it to the next so that you can pay off the debt sooner (unless I misunderstood you). Put another way: if you have 3 cards and each has a $10 monthly payment, you pay off the first card then add that $10 to the second and pay $20, pay it off and add that $20 to the third card and pay $30 until the debt is gone.

This is literally the blueprint on how to become financially independent and financially stable ❤I love your hair and I love the info that you shared with us and will incorporate this in my money journey! Thank you so much 😊

@itsrosehan

24 күн бұрын

Thanks, and you got this! Also if only my hair could give financial advice too, we'd all be set! 🤣

almost 10 yrs in the air force, and i spend as if i'm still making the same pay check as an E-1.

I love the water jug metaphor, its a good way to visibly show a budget being used up

Love this! A visual and understandable approach to saving and investing. Rose, I think your videos should be shown in middle school, high schools and colleges.

I wish I started to take my finances more seriously sooner. I just started seriously saving/investing/paying off debt in the last 6 months or so and just paid off my car completely. I opened a new credit card for the 0% APR on balance transfers and am taking care of CC debt next, and hope to have that wiped out in the next 3 months. After that I have the student loan mountain to climb but it'll be so much easier with the money that would have been going to car payments and CC payments available.

"Making the changes that you usually don't like to make!" was the best quote. I am tired of hearing people complain about finances and yet not willing to make the necessary changes to live below (not within) your means. My only disagreement on the order of filling the cups is that I believe if you have a 401k match, then you should prioritize matching this 100% first before any living expense because most people will adjust their living standards down when they receive a lower paycheck.

Thanks for sharing I agree the point you brought on Save for emergency funds or pay off debt. A lot of people would save for emergency funds, instead of paying off debt.

Thank you Rose you are helping people grow and making a impact on the world with your videos keep making them please..... Much love coming from Texas.....

Thank you, Rose we love you

I love the waterfall visual :) thank you for your help friend

Totally love this Rose!!!

401k, mortgage,utilities,stock,saving,cd,529b,all credit card.

Great insight! Thanks for sharing!

Thanks for your content.

good job rose your hair looks great

Amazing video, thank you ❤

Great info as always Rose. Thank you for sharing. You sharing your knowledge and experience is invaluable to everyone willing to listen. Ì wish I knew then, what I know know. So thank you so much

Hi Rose, Excellent video with both your wealth of financial knowledge, combined with the visual presentation with the shot glasses! Jeff

So true! I started doing this in getting the habit of paying myself first and that really helps!

Great tips. Thanks 😊

The visual and explanation of the glasses filling, and when full, moving to the next glass is clever and I am sure helped visual/analogy learners.

@Shakashack2022

12 күн бұрын

I honestly thought she was going to chug down each shot glass after each step achieved. 😂

Rose, thank you so much for your transparency and mentality on how to manage money, it has helped me a ton!!

OOOPPS! best part of video/life!

Complete, concise, and crystal clear.

I love visual examples, thank you!!

Hi Ms. Han, I love how you broke everything down, and you made it so simple that a child can follow these steps. I am going follow this plan on my next paycheck. Thank you so much for sharing this information and your personal experience with handling money. Have a great day. Warm Regards, Rj

thank you

Excellent information.

This was informative and fun to watch, I like the demonstration you presented. I think this will help many people with their finances, thank you 🎉.

Thanks for sharing!

Love the hair❤. Love the info❤

Hi Rose, great content. Like you I suggest paying off your debts asap, so we can a little more breathing room to save, invest and have a little more fun. By the way how did someone so young become so wise?

Instead of putting emergency money in a high interest rate savings account. Putting it in a no-penalty CD account. Has to be in $500 increments and you can't touch it for the first seven days, but the rate is much higher.

@Shakashack2022

11 күн бұрын

I think she recommends emergency fund $ in a high-yield savings account bcuz when we have an unexpected emergency, we have quick access to the monies, versus being penalized from withdrawing too early from a CD. Having an additional CD / MM account is a smart investment though.

This is great. Simple but profound

From personal experience it becomes 1000000000000x times easier once your income exceeds a 1.5 the median income in your country. The rent/mortgage prices are set so if your at or below the median income it will require extremely painful sacrifices. Once you have a acceptable income just make sure to kick lifestyle creep to the curb and keep the broke scarcity mindset even if you make 3 times the median income to super charge your investments.

Compound interest! Sounds like a stock funnel!! I’m grateful. Thank you love! ❤

Great explanation for an HSA. Seems a lot of folks never talk about them either

I am slowly moving from learning about the money mindset to learning how to actually gather wealth. And this is my first step towards it. So I am listening to this as I am taking an evening walk.🍀 . . 14th may 2024 at 7:14 p.m. Tuesday

@siilver1

14 күн бұрын

Given before getting into money and growing wealth, the only thing that I already KNEW and figured out by myself was the fact that *I must invest in myself!* And to LEARN high income skills!!

@siilver1

14 күн бұрын

So hearing people like you who have made it say that you have invested thousands of dollars in yourself is such a VALIDATING AND REASSURNING THING TO HEAR!

RE: HSA contributions catch up amount is $5,150 for individual & at age 65 can also w/draw for supplemental income but would be taxed.

Thank you Rose

It’s impossible to keep needs under 50% Most people have to work 2 jobs to survive

Pay down/off your MORTGAGE! We all will get old/sick/tired. You don't want to be left with a mortgage/bill/IOU when you're older/sick or laid off....

@richsamuel2922

24 күн бұрын

Paid my junk off last month.

@nikosniko7092

24 күн бұрын

Still have expensive property taxes( never ends

@richsamuel2922

24 күн бұрын

@@nikosniko7092 Taxes, insurance and HOA are about $500 a month for me still the best deal in town.

@FunandBudget

23 күн бұрын

​@@nikosniko7092property taxes is cheaper than having to pay on a loan. Inflating rent is also expensive

@tho464

20 күн бұрын

Paid off my house last year at age 54. Great feeling not having that over my head.

First and i love your advices...❤

@Bitcoin_Gold

25 күн бұрын

congrats using youtube for first time. lol

@drayergamz1342

25 күн бұрын

@@Bitcoin_Gold thanks!

correction about roth ira. u can only withdraw what u contribute. for example if i contribute $1000 into a roth, i can only withdraw $1000 at any time. any profit u make on that $1000 that u withdraw before 59 1/2 years old will be taxed and penalized

@elianazapata8893

24 күн бұрын

She says so later in the video.

@glamrgirl33

24 күн бұрын

Wow, thanks for pointing this out. I’ve heard a lot about IRAs but no one has ever explained it like this. I thought the penalty would apply to any amount withdrawn.

Thanks so much for sharing this useful information ,I find it very helpful. It's nice that this information is coming from you, because you use the same method To become financially independent We need more people like you. Thanks again.

Great tips!

Je suis français, Im 40 And j'aurais aimé tombé sur une vidéo comme la tienne plus tôt dans ma vie. Thank for the share

Very informative and educative content ❤

I can’t I wasn’t subscribed before 😂 as I love 💕 your channel Good stuff as always 🥳

Love this video, thank you

Good morning Rose!! Love your videos. You are smart and beautiful!! What a package!! Keep up the great work! 😍

Great job 👏

This is sooooo helpful!!! Thank you so much for making it easy to understand. I wish I watched this much earlier lol 🙏🏼🙏🏼🙏🏼

@itsrosehan

8 күн бұрын

Glad it was helpful!

So helpful ❤

Great video thank you

I like this idea. I was doing the 50-30-20 rule.

Really helpful thank you

Thanks there are a few things I can take way as a Europian😊 some of the stuff dont apply.

Excellent!

This video is great!!

Valuable information 👌

My paycheck is 1,400/month, with rent, car payment, personal loan, cc, etc. So it's tough on savings.

@joannabaker6398

6 күн бұрын

Just start, even if it's $1 for which you can get a fractional share. Forming a habit of investing is probably the most difficult thing. Good luck

@Bonkermcbonk

6 күн бұрын

It's in big part what she meant about making changes. Are there any places where you can cut back? Are you using all the services that are available to reduce your spending? If you are, then we might need to find some way to get extra income. Get some qualifications and argue for a better wage, or get another job. I hope you can find some way to invest in your future!!

One thing I will say is that a high yield savings in today’s economy is almost non-existent. CD specials and interest bearing checking accounts are going to yield the most interest. And even then, your high interest checking accounts have lots of rules in order to earn the interest. Dont let interest bearing be your forefront when starting out your savings. Work to build up the funds to then put in a CD or money market

Yeah, I set up savings accounts with a different bank to my main, so I can't see the amount in my balances. Once the money leaves my account, the day after pay day (set up automated), to me it's effectively spent. So I can't waste it.

@itsrosehan

24 күн бұрын

Niceee, that’s the way to do it!!

Thanks for the wisdom in the financial learnings, but imagine if we all just simply got taxed less in the first place how that would profoundly effect the economy in itself.

Rose Han is definitely MY BIGGEST AND THE LUCKIEST DISCOVERY OF 2024 🍀🌈 It is with YOU that I started my financial learnings! Although I knew You exists there from around 2023 because of my constant KZread recommendations it was not until this year that I actually started watching you! . Also it was a great video thank you ♥️ . . . 14th may 2024 at 7:39 p.m. Tuesday

Every day seems like an Emergency!!! Bills high, Insurance super high, and Income low!!! Doesn’t add up!!!

rose it feels like your content has shifted from living & loving a full life (incl. van life) to money money money. Money is indeed important - but what about the other things that make life meaningful?

@itsrosehan

24 күн бұрын

Good point... the KZread algorithm doesn't love my vanlife content but seems like you guys miss it?! I'll think about how to incorporate a balance :)

@EllieR52

24 күн бұрын

Except this is the content she’s known for and many still want to see this….

@TanyaCardwell

24 күн бұрын

Conversely, I was worried when you said during your van life stage that you might shift away from financial guidance... Thank you for not abandoning the financial guidance.

@Shakashack2022

11 күн бұрын

True, AND we still need help with finances (esp our US gov! 🙄). Life balance can come from a wide mix of awesome KZreadrs sharing different skills & meaningful messages.

I watched one of your old videos and what economist book shows each countries stock indexes.

I been trying to do this for some time now, i have two pots right now one for saving to buy a house and one for emergency, but want to take from, i guess it would be my emergency savings and start an index fund so i can have some investments, on unemployed right now but hoping when i get another job i can start a Roth Ira

Can you please put chapters on each video? That would be very convenient. Thanks.

This was one of my favorites! My story. Im 58 and my husband passed away 7 months ago. Unfortunately, we were not prepared. He paid into a pension but at the time of his passing, he was 55, not the required 60, and was vested 21 yrs and not the required 25. I'm only eligible for his rollover contribution refund. I also have a little extra. Can you explain the difference between a Roth and regular ira? Also. Should I place the refund and the little extra in 2 separate ira's or one? Or put them in a high yield savings account? Id love your opinion. Thanks

@itsrosehan

24 күн бұрын

Sorry to hear about your husband :( You might find this free guide helpful for deciding which accounts to open and difference between regular/roth IRA: rosehan.com/ultimateguide As for what to do with the extra funds, I say follow the 8 places that I talk about in the video! Also keep in mind that an IRA is just an account, not an investment, so once you put money in there don’t forget to take the final step to actually INVEST that money. I have a good video on that here: How to Start Investing for Beginners (step-by-step) kzread.info/dash/bejne/laKe0KySopCelM4.html

Yikes, my needs are 85% of my monthly income :( I don't have anything nice or luxurious, so at this point I just need to increase my monthly income...it's def below 5k/month lol But this video was helpful and encouraging ^_^ thanks for sharing!

Should I max 401k yearly contribution or invest in taxable brokerage first?

Rose you are georgeous

don't be ashamed to go to Food Bank when you Broke building Savings

I’m so bummed about the HSA. California doesn’t let you use them like this. 😢

In your example of a $5,000 paycheck, why not put more towards maxing out your retirement 401k instead of personal investment?

Hey Rose! Love all your content and advise but here's a question: Regarding the Emergency Fund......Should this be broken down with cash on hand? (like $1000 cash in your home safe) and of course a dollar amount based on X amount of your monthly expenses? Let me know your thoughts...Thank you!

@itsrosehan

24 күн бұрын

I say at least 3 months of the most basic version of your monthly expenses for your emergency fund! Also, I hadn't thought about that but you're right it could be good to have a small portion of that as physical cash in your home safe... always good to have a bit of cash on hand!

One of the HSA eligibility requirements is that you need to have a high deductible health insurance plan.

I take $20 every time I get paid and put the first $20 into my High Yield Savings account and the other $20 into my brokerage account.

As of 2024, the annual contribution limit for an IRA (Individual Retirement Account) remains at $7,500. This limit may be subject to change, so it's always good to check with the latest IRS guidelines.

@missgui4400

2 күн бұрын

Wrong

People will always blow their money on frivolity, entertainment, and luxuries!!! Very few are disciplined enough to make their money grow and multiply.

Very nice! Thank you for sharing this information. I may need to see whether or not this works for me too, since I'm not in the USA. For now I'm actually putting aside 15% after taxes to invest and 10% to my savings. I'm currently also finding a means to increase the cashflow, so that I can get rid of my studentloan debt asap. Is it possible for foreigners to open RIA there?

It wouldve been cool if you did the rainbow shot pour ;]

Off topic: was that cranberry juice?!😊

@itsrosehan

25 күн бұрын

Lol it was hibiscus tea

@Shakashack2022

11 күн бұрын

@@itsrosehan lol, well in that case, would’ve loved to have seen you chug down each shot glass after each step achieved! 😅 Cheers!

Donations are very important

Please do a video about investing in Bitcoin through a Roth IRA. I've been trying to research this and I'm leaning towards setting up an account with itrust capital but still hesitant because I'm unsure what happens if something happens to the custodian holding my crypto. Like if there is another FTX situation in the future I wouldn't want to my investment to disappear but really like having my gains from Bitcoin being tax-free when I retire

😊

I need ideas on high yield savings account

Also, LOVE HSA accounts!

As a European terrified of debt I can’t imagine having a credit card in debt, let alone 3??!!! How does that happen 😭