I started at 38yrs old from $1K in chequing and no savings and now have $50K in savings and $54K in investments and bought a condo at age of 41. 1) I worked hard and got several increases 2) COVID presented a major savings opportunity 3) now this might be controversial but I saved as much as I could. I was aggressive about it. I know people find the idea of giving up their daily Starbucks but it really makes a difference. Make coffee at home.

I am technically broke at 30, but not because i didn't use to earn a lot of money. I moved to another country because I got married. My employer hid the fact they are not okay with me moving there and fired me. I can't find a job here because the country's laws are very unfriendly toward foreigners (non-citizens, no local passport), and I can't find a job in my own country because the laws there don't really allow remote work (companies can make it work, but nobody wants to).

Good tips. Budgeting is definitely the first step. I went from paycheck to paycheck to saving and investing in a year. And now I have a budget I just increase my savings every time I get a raise. And with current inflation it doesn't hurt me as bad. Since more money comes in than I spend.

@KarsonGaule

2 жыл бұрын

Thanks!

I am having a problem saving because I travel constantly and I am 30 so this gave me hope

@KarsonGaule

2 жыл бұрын

yay happy to help

Bruh, I've been preaching this to friends and family but the excuses I get from them is interesting so I stopped and started minding my business. No matter how good you think you can be to people, if they aren't ready or serious, you can't help them.. just leave them be. Great video!!

@KarsonGaule

2 жыл бұрын

Thank you! That’s true

@drickzee

2 жыл бұрын

@@KarsonGaule came back to subscribe :). Keep it up!!

@RoyalMindElixirs

Жыл бұрын

Facts! I’m going through this now! I just let them be!

Hey, Karson, I’m glad I watched this. No fluff, insightful and encouraging. While I love marketing, so many videos are gimmicky click bait. And while I like humor and good editing, your video is refreshingly simple and I appreciate it. Liked and subscribed.

@KarsonGaule

2 жыл бұрын

Thank you!

I agree when I job-hopped I got $10k or more with each hop

I love excel spreadsheets for budget-0-fees if you google or if you just outright buy Microsoft not mn. subscript.

Great video! Are those jellyfish in the background?!

Please remember to tell your audience that you're not giving financial advice. I don't say this to be mean, just that making content itself is a business, and a lot of businesses get sued. Be careful, good content! Just your adsense popping up is giving me ideas to start my own finance channel as well, haha 😂

@KarsonGaule

2 жыл бұрын

Appreciate it! I always include a disclaimer in my description as my videos are definitely just my opinion haha

@stansheppard8929

2 жыл бұрын

Great advice right there! Even if it is in the description it’s worth covering yourself by referring to it in the video. First watch here, great content. Good luck!

I'm glad that I ran across your channel. I am really enjoying your content.

@KarsonGaule

Жыл бұрын

I’m appreciate that a ton Katrese!

....I like watching it. one powerful word is 'consistency' . become that

@KarsonGaule

2 жыл бұрын

Definitely!

i am entering 40yo, after pay all utilities/Food i got 100usd+ in bank but i own/Living(no worry rent) my own house 3bedroom in meddle of town.. should i rent out 2 bedroom? get second job? and NO child or married(i been smart use condom) have zero dependent.

Man I’m about to be 30 and I only did 42,000. This video helps me feel better and inspiring me to do better. Thank you for this video!

@hugodaniel8975

Жыл бұрын

42 doesnt sound bad

@devangel369

Жыл бұрын

I have 1000 at 30 be happy

@strayy4121

9 ай бұрын

I have 400$ at 30 lol

As the saying goes " Common sense is not common!" You always advocate common sense measures which are immensely effective. Great knowledge sharing. Thanks 👍

@KarsonGaule

2 жыл бұрын

Thank you Raju!

Hey Karson! I have a question… is it ok to have the same etf on both Roth IRA and brokerage account? Thank you for your videos! They help a lot!

2-3k a month on KZread ad revenue? Sheesh wish my anime niche paid that much 😞.

@KarsonGaule

2 жыл бұрын

That’s finance content for you

Your transparency on income is refreshing. Very realistic approach as well.

When I was younger I couldn’t save much as I was paying for my children’s education. I am saving now though.

@KarsonGaule

2 жыл бұрын

That’s so generous! I’m sure they appreciated it:)

@KhaiFirst

2 жыл бұрын

ask your children fund your saving if they finish their study with JOB.

Awesome start and support. 👏 🤗

Heya Karson, I’m a huge fan! :) do you by any chance offer a coaching service? Xx

@KarsonGaule

2 жыл бұрын

Thanks! And no I don’t, sorry!

I’m only 12 but I’m glad KZread algorithm is showing this on my Home Screen

@KarsonGaule

2 жыл бұрын

Great age to start saving!

@somecharactersnotallowed1319

2 ай бұрын

Fuck if you start saving even 10% and stick it into your 401Kwhen you start working at 17 or w/e, you'll be ahead of 95%+ of people your age by 30. wish someone told me this.Sounds like a long time but time flies FAST

Karson, your insight and practical lamens terms approach to investing has been so helpful to me. I just started a job as a process coordinator with aspirations to job hop my way to a six figure income in project management. How much experience should I have before applying for new positions? Any advice is appreciated. Thanks for the awesome content!

@KarsonGaule

2 жыл бұрын

Thanks! And unfortunately there’s no set amount of experience you need to have before applying so I can’t advise too much there

Great advice!!!

@KarsonGaule

2 жыл бұрын

Thank you!

What investing videos do you recommend?

wonderful tips !

I just turned 30 last month and started investing in a 401k at 12% with my new job at the start of 2022. Should I invest in a Roth IRA as well?

@KarsonGaule

Жыл бұрын

That’s a great contribution! Your company should have a Roth 401k option which is essentially the same

@dominiccoppola2305

Жыл бұрын

@@KarsonGaule they do! Should I balance out what I put in between the two then?

When you say “savings”, does this mean investments, cash savings, or both? Im about halfway to my 6-month E-fund goal so my cash is lower than that average savings amount, but I have quite a bit in my IRA and 401k

@KarsonGaule

2 жыл бұрын

Yeah I was kind of using both savings and investments interchangeably, basically referring to total liquid assets

@ACCOMPLISHEDSHEIS

Жыл бұрын

I would save 50% and invest 50% after I save six months of expenses. If investing in the stock market I would buy mutual funds. Hope this helps. Do this ONLY IF YOU HAVE INCOME COMING IN. If no job/income then put in high yield savings solely.

Are you at all worried about an upcoming economic recession tanking investments ?

@KarsonGaule

2 жыл бұрын

Good chance the market will go lower, but I will continue to DCA

well said miss!

Most people on these channels are too young to provide seasoned guidance; however, I particularly liked the investment of $200 per day into the ETF. That’s a pretty good tactic; however, the costs of buying every day will eat into the investment gains. Transaction costs eliminate gains, especially at $200 per day; however, over time the costs can recover, but the investment must earn quite a bit to overcome time & the initial investment. It’s interesting to watch, especially when KZread becomes an influencers main source of income. Good luck!

@adamself2463

2 жыл бұрын

That might be true of classic brokerage firms, but my experience with Robinhood (and their whole gimmick) is no fee investing. I invested last week and have successfully only lost the market fluctuation percentages. So far as I can tell.

wow with only 27000 subscribers and this video only having 646 views you are making nearly $2000 per month is impressive... even more impressive is your content with deep analysis... keep up the good work

Your 'side hustle' (KZread) is making MORE money than my full time job!! Nice 'side hustle'😤

Haha i know where you got the inspiration for that thumbnail! Anyways great video keep it up!

@KarsonGaule

2 жыл бұрын

Lol thanks

Hey I'm in my lates 20s where should I get the best solution of it?

@KarsonGaule

2 жыл бұрын

What do you mean?

@alexiromero3794

2 жыл бұрын

I mean about if I started looking ways to make or earn savings at the age 20s it would be better if anyone make some savings in thier financial freedom?

Amazing video. Thanks 🙏🥹

@KarsonGaule

2 жыл бұрын

Thanks Paulette!

I’m 22 but I can only save 1000 monthly, a year ago if you would’ve asked me I could only save 20$ these videos help sm, thank you!! Plus I moved states and this state doesn’t take as much taxes 😂 living is higher though but I make so much more at my new job fr

@MaynardOwns

Жыл бұрын

12000 a year savings is good at your age. Invested properly you are well on your way to a very comfy retirement.

Subscribed!!

@KarsonGaule

2 жыл бұрын

Thanks!

I'm ready to get my money right!

@KarsonGaule

2 жыл бұрын

Woohoo!

@ibizawavey8630

2 жыл бұрын

@@KarsonGaule Hi Karson, first generation Somaii immigrant. We had no money growing up, now I have 5-7k a month in disposable income. What would you do with that money? What books would you read? what podcasts would you watch? I would really appreciate it. I'm too tempted to get a AMG or a Suburu WRZ but I know better!

Grant Cardone clips were good :D nice video!

@KarsonGaule

2 жыл бұрын

Thank you!

I think I'm in love with this girl

So if a person makes ~$200 per month in post soviet country he is basically screwed, right? 😂

That moment when she said she is investing $200 a day. You're so killing it lol and at only 22 is crazy!

@KarsonGaule

2 жыл бұрын

Thanks lol

200 dollars a day 😮 very impressive

this video gives me andrei jikh vibe...

@KarsonGaule

2 жыл бұрын

Hmm name doesn’t ring a bell🤔

Invest 🎉

Love the cut too Grant Cardone

I have 10000 in savings at 59, I'm fucked

@wh8416

Жыл бұрын

Maybe you can think about job that you could do past 65 that would still give you a good quality of life. My mom tutors kids remotely and make a great hourly age. Maybe you can develop a skill that would allow you to work part time as you get older. Also consider other types of security besides money. Maybe you could garden to decrease your food budget. Best of luck.

@randomcsorely

Жыл бұрын

@@wh8416 thanks for your input

Well no if you wanted X and now you do not have X I would say your as far behind as you think. There is no way your not where you think your at? If your making content in this space on these types of topics it is safe to say you know how to count and math has never lied to me ever.

Is your thumbnail influenced by Graham Stephan?

@KarsonGaule

2 жыл бұрын

You could say he was influenced by Karson Gaule

Like/Subscribed- I just turned 29 and trying to manage money to make the best use of every dollar $ :D

@KarsonGaule

2 жыл бұрын

Thank you :)

is my comment being deleted? 😅

@KarsonGaule

2 жыл бұрын

No? Maybe held for review I’m not sure

@no.12_Production

2 жыл бұрын

@@KarsonGaule fair enough 😅 its just I commented about investing and suggested a couple of books on investing with a bit of background instead of initially learning it from you tube. But mainly wanted to say your content is great and looking forward for more 🤙🏽