2020 is only a few months away! Hope everyone is setting and hitting their goals for this year. What’s the most important financial goal for you in the future?

@emanmz1186

4 жыл бұрын

Creat a year expenses saving for My business

@billiejl6237

4 жыл бұрын

Minimize revolving debt, school loans and maximize savings / retirement.

@SeeThroughScreen

4 жыл бұрын

Dude, I just need to learn about investing. Well not learn, but like really starting to know what to do. I need help

@ismaelreyes6990

4 жыл бұрын

I love all your videos man. I like to be minimalist as well with my wants and just generally using what I truly need. Like this video helped me understand alot of different choices.

@remmiellis

4 жыл бұрын

Nate O'Brien I'd like to make an investment into property

He's only 21 but very knowledgeable about money management. Very admirable.

@advenvilla

4 жыл бұрын

He's my idol

@jonasalvarez7191

4 жыл бұрын

Cause he reads

@niteshh2073

3 жыл бұрын

He learned than teaching u also do same but first learned

@danielzamora8738

3 жыл бұрын

I'm 23 I'm learning how to manage money I watch all his videos

@themusicman669

Жыл бұрын

Back in the day, people in their teens and 20s actually had to know these things. Our modern society allows more and more young people to be immature and just skate by on their family’s money.

Here is mines Needs: 40% Wants: 20% Saving: 40%

@NateOBrien

4 жыл бұрын

I like the ratio! Keep up the good work!

@lonnekhalid2395

3 жыл бұрын

@@NateOBrien u forgot inflation. And that’s why your dad invests dude !!

Often times handling your money can seem complex but if you break it down into simple rules like this is all becomes a lot easier!

@BRBallin1

4 жыл бұрын

That's how most complex things are. They are just simple ideas that are connected with each other in complex structures.

Just did this exercise with my monthly budget. Had never done the 50/30/20 math for myself. Happy to see I'm currently at 40% Needs, 25% Wants and 35% Savings.

@NateOBrien

4 жыл бұрын

That sounds almost perfect! Congrats!

I am 20 years old and you are already a role model to me... Very grateful that I've found you on YT 😀 keep up the great work 👌🏼

@thecapricorn5416

4 жыл бұрын

Me too nate honestly❤❤❤

Here is mine Needs: 20% Wants: 30% Saving: 50%

@KennethRobby

3 жыл бұрын

That’s tough but you’ll be rewarded!!

just found you yesterday, really great content, clear, precise og straight to the point, just what i need. Keep it up

I feel like 50/30/20 rule is pretty solid for those getting started with budgeting but spending half your income on needs and 30 percent on wants always seems a little high to me

@KB-sg7tv

4 жыл бұрын

Depends on which part of the country you live in. Here in Calfiornia the rent is usually half of people's income. Nobody can really save any money for anything because the costs of living is so high.

@KenTheAdventurer

4 жыл бұрын

That would make sense though he did leave some parts out about money left over so investing could be one

@michael43567

4 жыл бұрын

Agreed I'm more like 60% needs, 40% Saving & investing

@willseto1337

4 жыл бұрын

Justin Taylor - Money Mind

@_zina9054

3 жыл бұрын

Yea I flipped mine 20% want 30% savings

Amazing tips Nate! Explained so well, no excuses just follow the rules 🔥

Your videos are great - and I love the budget/wealth tracker. Thanks! Glad you're doing well.

Thank you so much Nate, I love all of your videos. Very helpful and inspiring. Keep up the good work 👏👏👏👍👍

Thanks for all your tips!! 😇 I really enjoy your content! Keep it up 😊

I feel like your videos have struck the perfect balance. They aren’t full of jargon nor are they super dumbed down. Just really easy to follow advice :) great job.

@NateOBrien

4 жыл бұрын

Thanks! I try my best to have a balance. If you go too in depth, you'll lose peoples interest

All your videos are really good!! Thank you for share and make the time do it! keep going!!

Yes I love the 50/30/20 rule but definitely like you said I encourage people to expand that savings percentage as much as you can as your income grows, you will have much more financial freedom quicker this way.

@NateOBrien

4 жыл бұрын

Most definitely!

Very informative !!! Needed this because I’m in the process of buying a home next year and surprisingly this video was a requirement in my module for a school I’m currently attending. Perfect timing. I’m impressed. Thank you for sharing! I wish we had learned all this in grade school but I will be teaching my boys this

I love your videos so much Im really lucky that i have found your utube channel Looking forward to ur future vids

these videos are going to set me up for a great 2020 as my family grows! thanks man

Thank you Nate this helped me greatly to understand my finances and improve my savings and pay off my debts earlier.

After applying minimalism in my life, my 'wants' have reduced greatly to around 10% or less. 50% needs, 40% saving.

You are an amazing young man .. I follow you for years ! God bless Nate

I really appreciate how you acknowledge how certain financial guidelines are much more difficult and sometimes impossible on a low income. I can’t believe how big of a difference going from low wage to mid wage made in my life - you’ve said it before and it’s correct, it’s expensive to be poor!

@NateOBrien

4 жыл бұрын

It truly is more difficult

Thanks for the video! I got your template too! I been looking for one to begin taking my budgeting more seriously.

This is the rule I used when I started budgeting, it really is so helpful and after a while becomes second nature!

@NateOBrien

4 жыл бұрын

Glad you have been using this too!

My 'wants' spending is very limited. Already have a decent emergency fund, so I'm just investing in myself e.g. coding & language courses, books

@NateOBrien

4 жыл бұрын

Love it! Good luck Michael

🖤🐈‍⬛ Yay! Now you like a real teacher here.💗 Love, I wish I found your videos earlier than I did. They are all informative and useful. 💎

As usual...bringing us excellent content , great work buddy

@NateOBrien

4 жыл бұрын

Thanks Jason!

Great video!! Thanks for sharing!

Thanks for the info nate!

Thank you 🙏🏼 for making that budget excel sheet! I’m only 19 and it’s helpful and gives me a lot of think about

@jedescuzar993

4 жыл бұрын

Im having trouble on locating the said excel file, can you drop it down here? Thanks in advance!

@pudelfreude

4 жыл бұрын

@@jedescuzar993 It's in the description where it says 'Net Worth Tracker'. You have to insert your email so it's send to you. You are supporting Nate by doing so. :)

Very useful video Nate!! Well done

I’m definitely a fan of the 50/30/20 rule. Simple and straight forward. As always great stuff, Nate😎

@NateOBrien

4 жыл бұрын

Thanks Luke!

Good advice Nate! 🔥I always try to save as much as I can to put into investments! Compound interest is monstrous!!

@NateOBrien

4 жыл бұрын

Compound interest truly is the 8th wonder of the world

This is so helpful! Thank you :)

Watching and learning from you even though I'm way older 🙂 Thanks

Thanks for educating us all on how to manage money in this video because everyone need to know this to stay on balance and invest some of the money to earn more money

Great video nathan. Ready for 2020!

@NateOBrien

4 жыл бұрын

I can’t wait!!

SMASHED the like button! All true info!

These are great guidelines! For most people though saving and investing AS MUCH as possible is even better. Don’t limit yourself just because you have “done enough”!

@NateOBrien

4 жыл бұрын

I like to switch them

Always so good, so clear!

@NateOBrien

4 жыл бұрын

Thanks John

Thanks Nate, explained it really well 🙌

Love the video, some really helpful information - I didn't see the attached spreadsheet however?

Great man, please keep it up!

@NateOBrien

4 жыл бұрын

Thanks! Will do

50/30/20 is a good minimum. I personally opt to invest the majority of my money, but this is unique because I have low expenses right now in my life. 50/30/20 is a good place to start, but increasing that investment portion will help dramatically.

@NateOBrien

4 жыл бұрын

Most definitely

Great job Nate. Your videos are valuable.

@NateOBrien

4 жыл бұрын

Thank you so much Christa!

Thank love it !!!

thanks for sharing this!

Thanks a lot for this vid Nate. I've been teaching my friends about this same topic. I'm Glad i was on track with the information im providing.

@NateOBrien

4 жыл бұрын

Thanks 🙏🏼

As a nurse I’m doing the 70/20/10 rule- 70% (wants/needs) 20% Savings 10% paying back debts in addition to doing the debt snowball method...once I’m debt free I may switch to the 50/30/20 rule...thanks so much for the information

Great video. You're concise but thorough.

@NateOBrien

4 жыл бұрын

Thank you! Appreciate all of the support on the channel!

thanks its vary helpful

Wow . Thank you !!!

Really like this guy, so calm and just nice to listen to :) Good content

@NateOBrien

4 жыл бұрын

Makes me smile when I see comments like this one. Thank you

Thanks Nate, I never think about this before as I have no any idea.

@NateOBrien

4 жыл бұрын

Thanks for watching Eva!

You’re rock😎❤️

Very interesting video. It's a new input for me, and makes totally sense. Here in Switzerland I have never heard of this rule, the only rule I know is, that your flat should not cost more than 30% of your income. And to manage money my ex actually had a quite good strategy. He always put 30% of his loan on a seperate bank account, to save it for taxes. Fixed limits on food, clothes etc., per month, and a list of all yearly bills, with estimated amounts, so he could keep track of them. He had about 10'000SFr in his bank account as a baseline, everything that was more at the end of the month, would be transferred to his saving account. When I'm done studying and finally earning money I will also use his system.

great channel love the content

@NateOBrien

4 жыл бұрын

Thanks Rik!

Like you mentioned near the end - switching to 50% - 20% - 30% - is an an important step to financial security, especially in these days wherein employers rarely "Matching Investments" Fortunately in my early working career My employer provided a 6% Match . 💵 💵 💵 💵 💵

this is the best haha, KUDOS :D

This seems like a really popular way to manage money that a lot of people agree on. But I think there’s a disconnect between people and putting their expenses into categories... like the 20% to pay yourself could easily become another meal out or used to pay rent.. this method doesn’t work without real effort. However very effective if you can

@NateOBrien

4 жыл бұрын

I’m hoping people can find value in this video

Great advice!! 😊

@NateOBrien

4 жыл бұрын

Thanks!

With experience, I believe someone can improve these ratios to 50% savings/investing, 30% living, and 20% wants! Great video for beginners in budgeting :)

@NateOBrien

4 жыл бұрын

That is the goal!

@baldguy1964

4 жыл бұрын

Difficult for low income group

@jacobg8640

4 жыл бұрын

That's why you start with what the video said. Do this when you have the financial means to do so.

This is a very good strategy for managing money. The only thing I would add would be charity gifting (tithing, community, etc.) to the mix. Charity giving is important to others and may be tax deductible. This is a personal decision, and one I highly recommend.

@Lisa.M.J

4 жыл бұрын

@Sonya Moody I totally agree. Great point! Thanks for mentioning it! 😃 I think it’s important to budget charitable giving into our personal expenses-especially if it’s planned, like a monthly or yearly lump sum donation.

@NateOBrien

4 жыл бұрын

Without a doubt!

@gajdokristof

4 жыл бұрын

@Nate what is your suggestion? For example: 50/20-25/20/ and 5-10 for charity? Charity is a WANT (for your soul) or an INVEST (for the future of your community)? :)

I’m 25 and I love your advise!

@NateOBrien

4 жыл бұрын

Thanks Jeremy!

Great video very informative pressed like!

@NateOBrien

4 жыл бұрын

Thanks Drew!

i love this this is epic

20% Need, 10% want and 70% invested works for me. Good video tho

Nate, again it is an inspiring video. I have never thought of your plan. I do have debt and am careful not to make more. I have adopted the snowball debt payment method. Instead of paying for car repairs I paid off one account of R1750 and decided to take out a service plan which I will pay up front 1 years subscription or else it would cost me an extra R3.50 per month on debit ordering charges. The last time I went to a restaurant is ages ago. I enjoy cooking so I don't go out to eat except if it is a breakfast at Wimpy. The 30% on clothing is something I am conscious of. I suggest clothing purchases should be 1 item a month. Set of 5 socks, a shirt or 2 at a stipulated price or underwear.longs or a belt. And buy quality not quantity.

I’ve got a new born baby now and I can manage to follow this template & save and invest no excuse for anyone else :) great video man

@NateOBrien

4 жыл бұрын

Wishing you the best of luck!

@Cryptoworldfinance

4 жыл бұрын

Nate O'Brien Thankyou Nate 🙏🏻

God, I love this guy!

Soon as I got the notification I jumped on. I want to save money on a Friday night, not spend it. Lol

@NateOBrien

4 жыл бұрын

Love it!!!

@remmiellis

4 жыл бұрын

Nostradante hope you like eating pasta and eggs! LOL

@outlaw2747

4 жыл бұрын

@@remmiellis I have some fruit and veggies at home. Lol

Thanks man i have huge financial problems because of my spending habits. And I just get 5$ per hour in my job on puerto Rico. (Under the minimum)

@NateOBrien

4 жыл бұрын

I love PR, glad you guys dodged that hurricane last week. Good luck

Very Practical!!!

@NateOBrien

4 жыл бұрын

Thanks

I follow this for now but my long term goal is 25/40/35. 25% needs and wants combined so total expenses on myself, 40% savings and investment, 35% giving back and generosity. If I can raise my income to point where this is sustainable that would be the goal.

Thanks for the video:) I would say the 10% for donating is also very important

@AdultingShouldntSuck

3 жыл бұрын

Yes! Everyone leaves out the 10% for donations. 🙌🏼

Thx

Nate, how do you smash it in every video talking to the camera with NO BREAKS 😄 It blows my mind! I'll leave this comment here to help with the algorithm bro - Thanks for the great advice on this video 🔥🔥🏆

Gut info

Hi, very helpfull the videos. you mentioned the temple spreadsheet were can I get them?

I think this rule is great for people who are just starting with budgeting

Thank you Nate I been watching your videos I don't comment much , but you are appreciated.

@NateOBrien

4 жыл бұрын

Thanks so much Mohamed

It’s really helpful eh, thanks

phone is a need for emergency, just don't buy expensive plans

@NateOBrien

4 жыл бұрын

$15 flip phone

@crazyhappenings1938

4 жыл бұрын

@@NateOBrien I work from my phone literally and flip phone with minutes or unlimited really, and you have a flip phone?!

@TheEugeneTrotter

4 жыл бұрын

My wife and I pay $10 a month and phones costed us $30 (both phones included in that price), these phones are the kind you get for the need. Anything more are a want.

@jacobg8640

4 жыл бұрын

My mom didn't get us smartphones until a year ago during my Junior year of college. Only $130 or less I think a year. Barely get any data, but wifi is usually available and I just don't waste data on useless apps if it isn't. Very affordable.

Here's mine Needs: 30% Wants:20% Investments:50%

Thank you for giving me another great ideas ! And that 30% yeah your right i should do something for myself too... 😂

@NateOBrien

4 жыл бұрын

Treat yourself

You should teach financial freedom!

7:17 i swear i'm that blue guy you drew there xD

@seiragonarac3797

4 жыл бұрын

Count me it 😂

Gracias!

@NateOBrien

4 жыл бұрын

Thanks for watching the video!

@NateOBrien

4 жыл бұрын

Thanks for watching the video!

Where do we find the spreadsheet you stated is available for free download? I don't see it listed in the description. Thank you!

Never been this early. Sup Nate, how you doin?

@NateOBrien

4 жыл бұрын

Thanks Eric! Hanging out at Fincon!

Hello, Nate, I was looking for the tracking temperate of excel you talked about in this Video, but Didn't find it. thanks for the information it was really great. please send it to me.

Dude literally playing guitar while i watch this, haha. Love your note at the end about not depriving yourself of your passions. Started my Roth IRA because of the vids, thanks man.

@NateOBrien

4 жыл бұрын

So happy to hear Andrew!

great video. Where can I find the excel template ?

What's your background? I like how it looks with just the plain color.

Great advice. Just became Debt free, to much money wasted! Now 29 and made a budget, 50% for investment and savings, feels great!

@NateOBrien

4 жыл бұрын

That's incredible! Congrats!

I am doing great with 50% saving 30% needs & 20% wants

@NateOBrien

4 жыл бұрын

I think that is the best option to aim for.. 20% savings and investing is nice but 30% should get you to retirement much earlier

Where is the link for the excel budget? Thanks.

HI Nate, am I missing the link to your free budget template? I can't seem to see it here either?

Have many financial goals for 2020! Hopefully I’ll stop spending money on useless things 😂