My free newsletter drops later today! Every Wednesday and Sunday! 🐪 Hump Days Newsletter ➭ humpdays.substack.com

@neuroperformance8803

6 ай бұрын

Ryan Gosling umm now I know what you search the most teehee.

@aaronquadd3019

6 ай бұрын

Great read twice a week

@johnhorchler667

6 ай бұрын

3:48 do it I will watch it keep up the good work. ❤

@carladossantos3565

5 ай бұрын

Thanks

i just reached my 10k savings last week

@humphrey

6 ай бұрын

nice! love to hear it

@AitCollini

6 ай бұрын

Good for you! That’s for feeling more confident and secure!

@JBELtrey

6 ай бұрын

Congrats!

@LoomerCuber

6 ай бұрын

Amazing!

@mbank3832

6 ай бұрын

good job. how old are you ?

As someone passionate about investments, I often contemplate the strategies and paths that enable top-tier investors to amass wealth in the millions. While I possess a substantial initial capital, I am uncertain about the specific tactics or avenues that would facilitate achieving gains exceeding $400k, similar to those achieved by several others this season.

@Jamesrogues60

2 күн бұрын

The current market conditions offer potential for rapid revenue growth, but executing such a strategy demands expertise.

@JackHudson.

2 күн бұрын

A common tendency among individuals is to underestimate the value of professional advice until personal challenges become overwhelming. Several years ago, amid a lengthy divorce process, I faced a critical juncture in maintaining the financial stability of my firm. Seeking out accredited advisors, I connected with an expert possessing top qualifications. Through her guidance, my reserves surged from $275k to $850k despite inflation.

@danieltaylor--65

2 күн бұрын

Who is this coach that seems to possess such a keen understanding of the market?

@JackHudson.

2 күн бұрын

Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.

@Emmahernandez.

2 күн бұрын

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

@CraigLloyd-fz6ns

24 күн бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@EddyAgnes-vy4kp

24 күн бұрын

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

@Jersderakerguoe

24 күн бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@Hectorkante

24 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@Jersderakerguoe

24 күн бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

No more debt (paid off my car, credit cards), saved $10k, and invested another $10k into index funds - all in less than a year and a half. If I can do it, so can you!

@ingababy5196

4 ай бұрын

That is awesome 🎊 🎉

@np_management1931

2 ай бұрын

Congrats

@dylanantone25

Ай бұрын

That is amazing to hear- super inspiring.

@michaelsorensen7567

Ай бұрын

If you can show me the math on doing that on $50k-/year for a family of 5, I'd love to do it

@ScoFish

8 күн бұрын

@@michaelsorensen7567simply put the numbers in front of you visually. What is the magic number it takes to save up daily/weekly/monthly to hit your savings target? What are your expenses? what can you tweak? what are necessary? (rent, food, car, misc, etc… ex: cook home meals, maybe eat out once a month as a family), let in everyone on your financial plans, so that it’s not so stressful and you have support. work a side hustle as mentioned and get to it. Good luck!

At work (I work on a remote project), all our water is bottled. I would collect my drinking bottles throughout the day. My colleagues would mock me for it, but they also gave me their empties, so the mocking never got to me. Once a month id take the empties in on a day off and get $20 or so. I looked at each $10 as either buying me a day of retirement or creating ~3 cents a month in passive income for me. It isn’t much but it’s money I wouldn’t have had if I didn’t collect them.

@redheadedgypsy1939

6 ай бұрын

Years ago I worked at a country club in S. CALF, they threw away the empty cans & bottles, I'd collect them. I would make an extra $400 in cash a month going to recyclers.

@mbank3832

6 ай бұрын

you will retire way earlier than those that mocked. you will travel the world when you FIRE while they are feeling pissed and depressed still staring at their screens

@humphrey

6 ай бұрын

wow thats awesome!!

@kylebrey5306

6 ай бұрын

and you're recycling plastic that otherwise would have been sent to the landfill

@thegildedplum4444

6 ай бұрын

Great job!! 🎉

2 years ago I made 100k and spent 100k and accumulated debt. This past year I made 113k but paid down 48k in debt, stopped eating out every day, 0 shopping, 0 gifts, occasional cheap dessert and date night. I feel much more accomplished and better about my self now compared to when I was “living the life”

@BSX_VR

6 ай бұрын

My business teacher told me a statement that stuck with me. "You look at something worth a lot of money, knowing that you can buy it should make you feel the same as actually owning it." Great job on tackling the debt!

@YunqTab

6 ай бұрын

I'm trying to be like this. I'm edging 6 figures and paying down a lot of debt but my spontaneous spending is hindering me from getting rid of my debt as fast as I should be. Seeing comments like yours lets me know that I'm not the only one and there is a way out. 48k is ALOT for one year to get rid of! Congrats man.

@markgarcia6746

6 ай бұрын

@@YunqTab thanks man! It also helps that I have a very supportive and low maintenance girlfriend . So if your relationships do not allow you to make a drastic change. Then you need to make a decision which is more important to you. But there will always be a way! I think I would’ve been happy if I pay down even 5k year over year and not accumulate debt. I just happen to be an all in type of guy. Good luck mate!

@markgarcia6746

6 ай бұрын

@@BSX_VR I love that ! I’m gonna embody that haha

@Denise_Cocoa

6 ай бұрын

I love these kinds of stories! Lifestyle inflation is real, glad you got ahold of it. I’m doing a Low/No Spend Year in 2024 and hope to save even more money

This is great advice, I have a full time job and do Uber part time. Going forward in 2024 I will put away about $30 a day from my Uber earnings to have a better savings.

Dude this stuff should be taught senior year high school. What a difference this knowledge can make early adulthood

@kylep3759

4 ай бұрын

It should be taught by your parents. Society needs people to be poor just like it needs people to be rich. The poor pay the rich, it's a system that has been around since the beginning of money. Get it? You were born poor, your parents taught you to be poor and now you are poor but you can change that as long as you follow these stupid KZread algorithms

@ruthortega6192

3 ай бұрын

@@kylep3759and who teaches the parents? They can’t teach something they were never taught.

Smashed the 10k € about 2 Months ago. Got to it in about 6-8 months. Feels great!

I spent $84 at Five Guys on a meal for 4 (2kids/2adults). Not going back!

@tacos1308

4 ай бұрын

That’s insane

Thank you. I just remembered I've been paying for some unnecessary subscriptions. I decided to cancel them and now I am spending $103,70 less per month!

Can you please make a video for the vast majority of people who work a full time job for less than $35k/year? I’m debt free and living stably, just wanted to hear your thoughts and advice for others

@seanmiklo8870

2 ай бұрын

I DONT MAKE A LOT EACH YEAR A LITTLE MORE THE 35K THAT IS AT MY FULL TIME JOB. I STARTED CLEANING VEHICLES AFTER I GET OFF WORK I MAKE ABOUT $50 TO $60 A VEHICLE BUT I DONT HAVE VEHICLES EVERYDAY TO CLEAN. SO IT IS NOT FOR SURE. MONEY COMING IN I ALSO LIKE TO HIKE OR WALK SO I TAKE A BAG AND COLLECT CANS AND BOTTLES THAT GETS ME ABOUT $100 A MONTH. SO YOU NEED TO FIND A WAY TO MAKE SOME MONEY ON THE SIDE & CUT DOWN WHATEVER YOU CAN ON SPENDING MONEY .

@johnplg2586

2 ай бұрын

Id say follow the same advice if possible or work on some side gigs. Im 23 & only making $36k/year but Im also about to have $10k saved up. It’s all about planning & execution (& motivation to change your lifestyle but do it for consistency instead of motivation).

@michaelsorensen7567

Ай бұрын

​@@johnplg2586making 36k single is VERY different from making 36k married with kids

My wife and I hit over 33k this year to the house fund and hope to save 50k for the next two years to put a 20 percent down payment on a small house

@sparkleflindsey

5 ай бұрын

FHA loans are 3.5% down if 1st time buying a home 20% down is for if you want real estate for renting to others

I learned this from Gabe Bult in 2022 and made it work for 2023! Was able to go from almost broke after a car accident to back on track and then some. Your videos have been a massive influence as well, and every time I see a topic covered by more than one channel, I know that there's probably a good reasoning behind it so I will watch it anyway. Sometimes reinforcement plays a big role in human psychology and how we act upon seeing more than one person achieving results using the same method.

Makes it seem much more attainable when you break it down like that 💰

@Fushu713

6 ай бұрын

My 2 favorites commenting on each others videos. Makes me feel like watching you both is the right move

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

Reached the 10k last week, however i will use 9k of those to payoff my car loan and being debt free

@humphrey

6 ай бұрын

Boom!

Love this video ! One practice that has saved me 10’s of thousands over my 40 yrs living on my own is how to buy goods in specific ranges . I shop for non perishable goods at a price of $ 0.28 - $ 0.32/oz .. during the pandemic this became almost impossible. But recently I have noticed the range is coming back down . I also buy things we use rapidly at home in bulk at Costco (which saves about 30% over the cost of typical retail ) . I am currently on phase 2 of my ‘Dave Ramsey ‘ snowball debt payoff . My car was paid off in early December 23’ . I will be contributing the max in my IRA for 2023 by April 12th, 2024 . I also want to save $10k for this year 2024 so this will be a great challenge . $833/months. Is totally doable if I budget weekly savings of $208.50 .

I have save this x 20. I rarely eat out, I have a mortgage I don’t rent, paid off my under grad and grad degree years ago, I do not party, I do my own hair and take care of ALL of my beauty needs and the list goes on. However, a lot of a Americans do not even take home $4000 a month.

I know it sounds nuts but one of the best money saving things i ever did was buy a car. I work maintenance and need a truck so i had an f150 for work and a little tacoma as a leisure vehicle /backup. My father bought himself a mishi mirage and i ended up having to borrow it for a vacation trip as my f150 only got 12mpg and my tacoma only got 26mpg. His car got me around 50mpg on the trip. I immediately sold my old f150 for half the total cost of a new Mirage g4 and moved my tacoma to a work truck. The savings i got in gas has been more then enough to offset the monthly payment. I was paying around 100 dollars a week to drive my f150 to work and now driving my tacoma im only paying about 40 dollars a week. My monthly payment on the car is under 200 and i only put gas It once a month for driving around town the damn thing will only hold like 20 bucks as its only got a 9 gallon tank. Basically i look at it as im driving it for free given what my cost was.

Kiyosaki states: Pay yourself first, if you set aside money for yourself in a savings account that is difficult to withdraw. 2nd is pay off your debts. If you've already put money in savings and then paid off debts then you'll be forced to be frugal with the rest of your money. I make around 70k and put 1/3 in my 401k then put another couple hundred in savings. After that is my rent. The money I have left over is more than enough for groceries and eating out and any other personal expense.

@michaelsorensen7567

Ай бұрын

If I made what you did, I'd have over $20k extra in the year. So, it sounds like the key to saving ten grand is to make an additional twenty 😝

@M_SC

7 күн бұрын

He is literally a criminal

@aaronquadd3019

5 күн бұрын

@@M_SC who?

2024 is my year to become more financially responsible. I started off this year with a broken down and un fixable hand me down car that I was driving and depending on for years. But I got my car and it’s a 2014 v6 mustang and after taking on a car payment and insurance in this economy it really flipped my whole mindset around and I’m all about never eating out anymore saving as much as I can I literally used to go get fast food on my lunch breaks Monday-Friday spending $10-13 per day because I was picky and I didn’t want to get myself to a grocery store to really find something I could eat

PERFECTLY TIMED VIDEO - Hello from Bristol, UK! I have just written down my GOALS for 2024, 1 x Health, 1 x Wealth and 1 x Happiness goal and my wealth goal is to save MINIMUM £10,000! WAHOO!

More videos for us people that make only make 40,000 or less ..I wish I can make that amount you mention on this video .Be nice !!

@humphrey

6 ай бұрын

noted!

Bro keeps dropping consistently good content. Finacially doing decent, but can always hear new ideas

@humphrey

6 ай бұрын

thanks for two comments ;)

@Madchris8828

6 ай бұрын

@@humphrey welcome. Appreciate the video

When you break down 10,000 over a year, day by day, it can potentially make sense. I generally put up $7 per day but I can afford to put in up to $11.50 as the benefits, long term, would be good. As usual, lots of good tips, thanks Humphrey.

@humphrey

6 ай бұрын

Boom!

@SycaShow

6 ай бұрын

Math always wins

I'm not sure if everybody can as easily go from living paycheck to paycheck to saving 800 dollars a month. I managed to do it in 1-2 years and I think I already had very favorable circumstances. Early 2022 I really started to micro manage my finances, I found out I had roughly 500 euro's left every month, but this was completely wiped out because of the war in Ukraine and it's effects on the energy prices in Europe. Since then the energy prices have came down in 2023, I switched to a cheaper lease car, got a significant pay raise (and an even bigger one for 2024) and I got 20K from my grandma which I used to fully pay back my student loans. As a result, I'm right now saving 1.000 euro's a month and per 2024 I'm expecting to save 1.500 euro's per month.

Great Video. Letting your money work for you is one of the fastest ways to give yourself a massive pay rise! 🙂

@ShelleyfromCali

3 ай бұрын

care to elaborate

@So.ladylike

3 ай бұрын

Well, I set aside far more discretionary income every month for investments in Stocks, ETFs, and Index Funds which allowed me to retire in my 30s… I never made more than $150K a year, but managed to accumulate a couple of millions and then some.

@OhhHellNoYouWont

3 ай бұрын

NICE! I think you’re sitting in great assets! Enjoy the increased cash flow in retirement (:

@Otis-the-III

3 ай бұрын

@@So.ladylikewhat’s your strategy? Thanks

Just hit my 20k mark I can’t believe I’m just finding out about HYSA i immediately threw 17 in it at 5.25 you can’t beat it I’ve been missing out 🤦🏽

Got my first job in august 2023 at 19 (yes. Late ik) working on a 10k emergency fund. I really dont have that much in expenses but i jus want to feel secure. So far im at around 3.6k in 4 months of employment.

Tried to save 10k in 2023, but my new side business didn't do well enough. I'm a very frugal person too so I wasn't wasting money on things I didn't need. I have a 4k emergency fund now though and managed to pay off a good bit of my business loan.

I have a goal of funding my emergency fund as well as moving to another state within the next year so this video was perfect for my situation! Thank you!

Thanks Humphrey for another banger! Much WOW! Look forward to continually saving more and putting that cash towards the principal of my mortgage as my renewal is rapidly approaching.

@humphrey

6 ай бұрын

Legend!

I like budgeting and saving videos like this. Really helps put things into perspective and can help jump start folks with saving.

I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

@KbcFoundation-un3re

7 күн бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 1.8million.

@KbcFoundation-un3re

7 күн бұрын

WHITNEY KAY STACY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@user-yu5mh8pf4q

7 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@IsabellaLisa-vz3jz

7 күн бұрын

She is reliable and consistent

@ChungLee-wi7bi

7 күн бұрын

she is a genius

Thank you Humphrey you were part of what has inspired me to start my own channel!❤

@humphrey

6 ай бұрын

That's awesome!

@DaltonRayfinance

6 ай бұрын

@@humphrey appreciate the response

Automate the funds based on whatever you can afford. Start with a budget to see what you spend and how you can tighten up. I set a goal of 10K by 12/23 and reached my goal by the end of 8/23! Now my goal is reaching 20K so I can redirect and save more towards another goal (I also challenged myself with a secondary savings, saving change and the 100 envelopes). The emergency fund and second savings are in HYSA. My breakdown is 65/20/15 (needs/savings/wants) and it has been working great for me.

@robertwilken9542

4 ай бұрын

What is the 100 envelopes plan?

My husband and I switched our car insurance and we have hundreds each month…I always just figured car insurance is expensive and didn’t think to shop around. Now I kick myself for not shopping car insurance sooner 😮‍💨 it’s wild how some car insurance companies charge soooo much more than others!

@humphrey

6 ай бұрын

nice!

@khalilabdullah8189

6 ай бұрын

What company are you with? Geico is getting really expensive

@Pursuit_Of_A_Homestead

6 ай бұрын

@@khalilabdullah8189 I actually switched from Progressive to Geico lol but definitely shop around and see if you can get something cheaper !

I don't understand why so many people can't afford 1k emergency expenses. I crashed a car. It will take 2 months to repair. So I bought a $35k (5 years old) car so I can drive (no loan I paid in Cash) For me this is the biggest sign of freedom. I live in Prague where the average annual salary is $20k. And yes I am living within a budget, avoiding debt, and saving against a time of need. I take care of a family of 5.

@PlushCreativeDzyneLLC

4 ай бұрын

Maybe because not everyone has the same financial ability. Not everyone is as fortunate as others and that's ok. No judgment. We don't know everyone's financial state. Though it seems easy in the eyes of others, it may be very hard for certain individuals. We just never know. I saved up 1k real quick, just to endure an bad situation that cost me more than 1k. I ended up spending what I saved plus more. I still save, but only when I can and I'm ok with that. But it's not easy with everyone to save as it is with others

There are some nice tips here. They won't work for everyone, but may be helpful for some. I personally don't drink coffee and rarely buy clothes as it is. Eating out is already a luxury occurrence. Subscriptions and insurance is definitely something to look into. I also really dislike my insurance agent, so I have zero reason to stay. Another thing is to shop energy rates if your state is deregulated and does that sort of thing (like Texas).

@humphrey

6 ай бұрын

thanks! Apprecaite it.

@hardworkingcriminal4873

6 ай бұрын

@kscott2655 Respectfully do you have a woman or kids? I ask cus of the "eating out is a luxury occurrence" women & kids love going out to eat.

@kscott2655

6 ай бұрын

@@hardworkingcriminal4873 - I am a woman.

@kscott2655

6 ай бұрын

@hardworkingcriminal4873 - I also want to say that I don't, personally, typically enjoy going out to eat. And yes, I say that even as a woman. I find it tedious and stressful most of the time. And despite your attempts to be respectful, I think that asking anyone if they "have a woman/man" is a degrading way to phrase the question.

Always dropping great detailed knowledge. Appreciate it!

@humphrey

6 ай бұрын

More to come!

Merry xmas and happy new year Humphrey and to your family. Your videos have helped me get better with managing my finances, expenses and also your newsletter is helpful in knowing whats going on.

Make my own coffee and tea instead of buying them. Don't drink alcohol when eating out and don't go to bars period. Just buy alcohol and drink at home. Don't smoke or vape. Just this alone saved me an extra $600-$800 a month.

Here in Finland alcohol is so expencive that by quiting I can easily save 10k€ a year (I use to spend between alcohol and snacks around 30€ every day).

$2K in the red for 2023… until I sold my luxury car and bought something cheaper. $25K in the green now!

Since I have 4 bank accounts I’ve been doing an experiment In the past 3 months by allocating each bank account for different purposes the first is for payments and receiving my pay check the second is for food the third is for clothes and fourth is for personal expenses and the money that is left i put it into emergency funds and if it reaches the goal I will put the money into retirement fund which is 20% right now

Great video! The only thing my husband and I eat out are sushi and eggs benedicts because those are either too expensive or time intensive to make at home.

My system since I was 18 worked very well for me. I just pretended I was only allowed to spend 10% of my income. The other 90% went into investments that I carefully calculate the risk to

@JoshuaGregory93

6 ай бұрын

If I used this system all my bills would go unpaid

@peanbean1973

6 ай бұрын

@JoshuaGregory93 that's kinda the point. You gotta reduce your consumption to 10%. But keep in mind the 90% is also going toward things that also serve your needs. The key is to aim to retain 90% of your money flow. You can buy vehicles for cash. Buy a acre of land. Buy animals, raw materials, tools..things that fill people's needs. Things that pay for themselves. Than overtime you will have the lifestyle increase you desire without needing to work more to increase your money flow. I own like 20 acres of land I have 2 trucks, cows chickens. I have 4 houses I built I I have every tool imaginable..and I never made a salary over 45k in my life. I just kept retaining my value..now I don't work..I have no bills other than extra things I want. Like subscriptions and junk food and stuff like that. All my living needs are met just by what my investments produce for me..

Really needed this

Thank you for this advise 🙏

I truly enjoy watching your videos. To me its an extra reinforcement to my spending habits and savings plan. Also, you give me some more thoughtful insights on where i can make some improvements to my financial planning and goals. Since following your channel, my wife and I fall under the category of the top 10% of Americans that save and are financially responsible according to many of the statistics that you've shared throughout your videos. I want to personally thank you for your valuable advice, and i hope that it helps many of your followers in your channel. 😁

@DaltonRayfinance

6 ай бұрын

Congratulations on your success!

@humphrey

6 ай бұрын

great to hear my friend :)

Thanks for your content.

Yes to calling around for car insurance quotes! Everyone qas seriously giving 1100-1300 for 6 month for a corolla cross... no car accidents ever.. finally found one for $760 for 6 months.

@humphrey

6 ай бұрын

nice!

Can you make a video discussing the difference between a IRA, 401K, and a pension and how saving looks different for each?

Moving from Cali back go wisco I saved over $1000 a year on car insurance. If you work remote why live in a high cost area.

Coworkers call me rich cause I like my cars. But I don’t eat out, don’t buy alcohol (and if I do it’s for at home), don’t buy clothes. Black t shirt and some jeans. Meanwhile they usually make more than me haha.

THANK YOU!

@humphrey

6 ай бұрын

You're welcome!

This is amazing. “How to build wealth”

@AndersonFair-cy2bb

10 күн бұрын

The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

@VanessaWilliams-pu8vt

10 күн бұрын

I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.

@VanessaWilliams-pu8vt

10 күн бұрын

Whitney Kay Stacy

@Oscarfreeman-cn9rc

10 күн бұрын

found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.

This was easy when I was 16 I did it in 8 months… that’s because expenses were being covered by my parents

This works great for paying off small debts and credit cards aswell

Net: $2600 Rent - $900 Utilities/Internet - $200 Auto/renters/Life insurance - $215 Haircuts - $50 Auto loan - $165 Fuel cost - $150 Phone bill/3 lines - $120 Groceries - about $500 conservatively Self Car wash - $15 Laundry - $20 Net $2600 Total expenses- $2335 Cash leftover - $265 a month That’s not including miscellaneous expenses. I have already budgeted and it’s just not enough. Already got a promotion with a raise and still searching for higher earning opportunities. If anyone has any realistic ideas on how to save more or other income stream ideas will be appreciated. I have cut back on spending as I’m just covering the necessities. Starting a second job this weekend working another 30hours just to be able to save for the future.

@TonyaBrown51990

6 ай бұрын

I started collecting bottles. It is not much. It is some extra cash

@chelseyschlutereichen9009

6 ай бұрын

Seems like $50 a month on haircuts is kind of steep. I'd look at that one closer.

@michaelsorensen7567

Ай бұрын

Depends on who you're covering and why. For me, $50/mo haircuts is balling money. I bought a set of clippers years ago for less than that and cut my own hair. Of course, I'm blue collar, so grooming/appearance standards are different than a lot of industries, so that may not work for everyone, but my effective monthly for haircuts is pennies in electricity. Food budget seems high for single person too. Before huge inflation and forced job change, $500 was the biweekly food budget for my family of 5. We've had to cut back since then. If that's for a family, doing good. If that's just you, you can tighten that up a lot, and probably make it healthier to boot.

Don't do Uber, lyft or anything like that. It puts significant damage and miles on your car. If you budget the gas out, you'll be spending 30 or 40 a day in gas (depending on how much you find yourself driving) and they don't take taxes out so you'll end up owing money at the end of the year. A buddy of mine told me to pick it up and I earned 60k~ but I owe 8k to the government in taxes. It's just simply not worth it.

To be transparent, what it really takes is discipline and drive. Sadly a side hustle is not a ‘nice to have’ anymore. It’s a must have. Getting to a savings goal is a daily choice, much like a diet. Cheap days are ok as long as they are not the norm.

@Celticgal21

5 ай бұрын

At this point a side hustle is a second job

@arieldelaney7727

5 ай бұрын

very much agree wiith you, I have been doing it for 8 years. It's exhausting but is the only way I have been able to pay off debt faster. @@Celticgal21

I make about 20k a year gross. No way in hell I can save over 50% of my income

@humphrey

6 ай бұрын

yeah, that would be difficult at that level. I would say, try to figure out ways you can make a little more. Even if its just an extra $50 bucks a week it can go a long way.

@jacksonbilly9979

6 ай бұрын

Put own the weed pipe, the alcohol, and go get a 2nd or better job.

Just set up a recurring bi-weekly deposit into my high yield savings, thank you very much! 🦓💚

thank you so much!

@humphrey

6 ай бұрын

You're welcome!

I’m on this exact goal trying to reach 10k before or by December

You’re So Dope! Thanks ☺️

Having our savings completely automated along with all of our bills means that the paycheck is small, but there is no ability to overspend. We buy small amounts of extremely high-quality food that we cook ourselves. We don’t buy clothes until they have holes in them same with shoes, we own everything we need. There is no point in going to a store unless something is broken and then we always go to Goodwill first. Of course we have a great life because we spend money on experiences not things. We can easily afford one great experience every month. We create sinking funds for more expensive experiences in the future. Forced saving by automation is really a wonderful way to go.

I only started working my first job a month and a half ago, I don't get shifts very often so I've only made about 1400 AUD and I haven't been spending much of it. I'm going to try and live cheap as much as I can even when I increase my income, since I'm soon going to be translating on the side since I still have a lot of spare time. When I got my first paycheck I put about 50 of it into S&P 500 but I realized since there's a $3 brokerage fee on my app I decided instead to do larger sums at a time. I think I'm on the right track by mostly leaving my money alone since I don't have any major responsibilities yet.

Nicely presented 🎁

I do direct deposit from my pay check my money gets saved /invested before I even see it my goal for 2024 is to start a small business then eventually use that biz income to max out all of my tax advantaged accounts HSA Roth IRA anything left continue with the taxable account

Hey bro your hair looks great! Clean cut looks sharp

@humphrey

6 ай бұрын

Appreciate it!! I'll tell Shirley my hair-stylist lol!

Did it in 4 months. I no lifed my Job and took extra hours and cut off all unnecessary spending.

Savings coach of the year 🔥🔥🔥

@humphrey

6 ай бұрын

ty~!

You are at your best with financial videos on savings, investments and things of that nature. Happy Holidays to you

@humphrey

6 ай бұрын

Happy holidays!

I have $7k more to go but its just March so I feel good 😇😊

My side hustle is dividend investing. It gives me some money back and accumulates over time. Mostly ETFs. Do your own due dilligence obviously (not a financial advisor)

@humphrey

6 ай бұрын

nice Chris

Would you say that it is better to clear your CC debt you have before starting savings though? Right now with some discipline i can get about 500 a month into savings but have a 6k debt on CC that needs to be payed off, would it be better to just clear that debt off that year and then focus in the savings?

@humphrey

6 ай бұрын

probably clear the debt first priority, but make sure you have at least a small emergency fund established.

You've never missed on a video.

Chipotle meal for 3 people: $53. One chipotle burrito with 3x all the toppings: $20-something and feeds 3 people easy. Shop smart y'all.

I have 10k+ in a high yield savings account its a great tool

Would you recommend having a part time job on top of having a full time job?

What is the best place to search for freelancing opportunities?

Hey, what are your thoughts on a 18 year old getting an air bnb. I would be putting the 20% down

I had to come this video because I just reached my 40K savings this week 😮 never thought I’d actually get this far in life tbh

I was just thinking about this as a major goal of mine for the next year Since I’m really bad at saving money

@humphrey

6 ай бұрын

Its a great goal!

What’s good Mr. Yang. I got 37 contracts for june 2024 in Pepsi @ 190. Whatchu think?

Lol I spend less than $200 per year on clothes. I don’t think I actually bought any clothes this year

Any recommendations on home owners insurance?

Any savings tips for someone in their 20s planning to unsubscribe to life when they hit 50?

I’m at 5k also . Can’t wait to save 5k more .

Hey humphrey. Love the content, especially the best credit cards. Do you planning on making one for 2024?

@humphrey

6 ай бұрын

yeah I will make a new one in January probably.!

@DADDYFRESH73

6 ай бұрын

Thanks

Seems like a good plan... i don't see it working out for me since I've never cared about achieving goals or making much effort at all. Things just work out and if not I get paid in another week or two and will worry about it then. Good thing about getting older is I know I'm closer to being in the dirt soon and stress over things even less because none of it really matters anyway 😊 Hope you all have a nice day out there doing what U do ❤✌️

It’s not how much you make, it’s how much you keep! Remember that.

You've mentioned SoFi in a couple videos I have watched. They offer up to 4.6% APY as long as you deposit a total of 5k in a 30 day cycle OR set up direct deposit. Customers Bank is offering a 5.32%, I plan on calling them tomorrow. Do you have any experience or knowledge concerning them?

i pay myself first and the side-eye and thats dumb comments i get is UNREAL.......but they in debt.

I was able to move in with my mom for nearly a year this year and saved an additional $26,000 in 10 months. I’m back apartment hunting and the prices are through the roof. I won’t be able to save too much when I move on my own again, but I’m switching to a career in cybersecurity to increase my income. Hopefully I find a job in the first half of next year.

@MrDonny27

5 ай бұрын

U single😮😮😮😮😮

Hi! What kind of saving habits can you recommend for someone who makes 450 USD per month? Currently live in the Philippines and I'm aiming to reach a higher savings that I can diversify for stocks, business, and post-graduate studies.

@zardon_zane1630

6 ай бұрын

I'm not the smartest but it would be to go to a different country, get a skill that has demand in the country you want to go and see if you can go and get a job, then you can keep going :3