I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this

@shawnshalest_hws

Жыл бұрын

Thank you so much for sharing!

@eadad4371

Жыл бұрын

Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated..

@skoopqueen.

Жыл бұрын

@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.

@eadad4371

Жыл бұрын

@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

@skoopqueen

Жыл бұрын

@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

Do both. 50% on debt, 50% savings. Might not save as fast but you will have a lower interest rate.

Emergency fund. Without it by time you clear the existing debt something is bound to go wrong and chances are you’ll be accumulating more debt. Unless your income is just that high to cash flow emergencies quickly

@shawnshalest_hws

9 ай бұрын

Exactly!

@caelmills3014

5 ай бұрын

Well said😎

@Lemons19902010

3 ай бұрын

That's what I'm doing!

Out of nowhere an emergency happens ahhhaaaaa!!! And trust me it WILL!! Great advice

@shawnshalest_hws

2 жыл бұрын

Exactly!!

Thanks it is hard to juggle but yes we need choose ❤

Great Content

@shawnshalest_hws

4 ай бұрын

Thank you!

If your credit is right, keep transferring that balance to zero percent interest rate cards for 15 months until it’s paid off.

Regular saving, emergency saving same thing. Don't touch either

Thank u thank u! I was looking for this. I do 50% and 50%. Im OK to pay some interest to the credit card as long I save for my emergency.

It changed to 725.. yay!

please mam help me... ineed your help

I have an emergency fund, a slush fund/sinking funds and am paying off debt. After unexpected expenses I am finding it helps to be liquid while paying off debt then I can chunk down debt here and there.

@shawnshalest_hws

2 жыл бұрын

Exactly! It sounds like you are doing great!

Unless you are well heeled never buy a new car! The minute you drive it off the lot it decreases in value...mucho!! Spend a little time and you can find a car with low mileage that has been well maintained! I never had a new car but i had a couple that i got 200,000 miles from!! Just sayin'!!

@shawnshalest_hws

4 жыл бұрын

Very true!

I’m currently working on both it makes me feel better knowing I have money in the bank for emergencies

Scenario #1 is exactly where I am right now!! 🤦🏾‍♀️😭😥 I've been paying off debt and saving a little each month. The unexpected happened: I only had $550 in EF and I had a $6700 emergency 😭😭😭😭😭😭😭 I had to put it on a credit card erasing all that hard work from prior months paying off the credit card. The struggle!!! 🤦🏾‍♀️😥 Great video!!! 😉😊

How much should I have at least in my emergency?

@shawnshalest_hws

2 жыл бұрын

Experts recommend starting with $1000 then aiming to get 6 to 9 months of your monthly expenses. I aim for 1 year.

Great content! New subscriber.

@shawnshalest_hws

3 жыл бұрын

Thank you! And welcome to the HWS Family.

Hello

@shawnshalest_hws

2 жыл бұрын

Hey Kevin!

New subscriber :) Great advice, thank you!

@shawnshalest_hws

4 жыл бұрын

Thank you for joining the family!

I was made when I had to spend 3500 on an emergency ‼️ in emergency fund

This a terrible idea where do I start? Doing this yo ass going to be be in debt for years

@Bestmepossible

4 ай бұрын

It usually takes years for people to get into debt.

Hi 👋 I'm 32 years old and I have a substance abusive problem. I have been supporting my addiction with my cash. What should I do? I'm not making it rain or anything but my life is dull 😑

I keep a months expenses in my checking just so I have enough to pay expenses and extras without using credit or emergency funds for everyday stuff. I also am working on a six month emergency fund as I have a three month emergency fund now. I will then keep adding to both every paycheck.

Thanks for your video , is it wise to pay 50 % towards my debt and 50% towards my emergency fund per pay period ?

@shawnshalest_hws

2 жыл бұрын

Hi Shawn, that isn't a bad decision however I might do this after my emergency fund was at least $1000. This also depends on if you can do this and still keep your debts current. When it comes to paying down debt or contributing to your emergency fund there are a lot of different opinions. My personal preference is to get some padding into that emergency fund so that if anything happens you don't have the accumulate more debt and waste any progress you have made.

Great video! New subscriber 😍

@shawnshalest_hws

3 жыл бұрын

Welcome to the HWS Family!

I'm just paranoid we're gonna turn into Zimbabwe or Venezuela, and the dollar will mean nothing, but our debt won't just go away. Savings means nothing if it will be worthless fiat in the end

Thanks for taking the time to make these informative videos.

Work towards both. There’s no limitation on how you save.

Do the Ramsey babysteps. Start with 1000,- emergency fund and than start working on your debt..

@blackbutterfly233ify

Ай бұрын

Actually the baby steps are 1k saved first Pay off debt Then save 3-6 months of expenses

And when I try to quit, it feels like I'm shooting at an invisible target.

Once you decide to pay off your debt, it is really difficult to take a portion and put it aside for savings. However, once I had a bit of a buffer, I relaxed, and feeling less stressed about unexpected financial emergencies made it so much easier to stay focussed on my main goal. It seems counterintuitive, but it really made such a huge difference in my mental health and, ultimately, that freed up energy and gave me the space to breathe. Thanks so much for your channel & content. Love what you do!

I save 10% of my biweekly pay check in my emergency fund.

@shawnshalest_hws

2 жыл бұрын

Hey Kevin!

Yeah after 7 mo you also saved a whole lot of interest. If you put it in savings for 7 mo you still have to use the money in savings in your scenario and you had added how much to it in interest? I'm just not getting it. I was gonna do what some say and save first but then I'm like if something happens. I have my cc available balance I paid down to use. Yes I'll have that balance right back to where I started but if I put it in savings and made less payment, I'd have 7 mo interest so I wouldn't of made leeway. If something doesn't happen, I avoided all that interest and freed up money.

I agree with saving the emergency fund first. You have to get into the habit of saving money on a consistent basis. Most people don't save enough. Although, a combination of both would not be bad either. As long as you are consistent in your savings. Great video. 👍🙌

@shawnshalest_hws

3 жыл бұрын

Thanks so much 😊

“For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him, Saying, This man began to build, and was not able to finish.” ‭‭Luke‬ ‭14:28-30‬ ‭KJV‬‬

I paid down debt first because I rarely have emergencies as a healthy 35yr old male without a car, family or my own home. My emergency fund is only at $1000 so far but since I dont have any more debt payments the money is quickly adding up after each paycheck. So it really just depends on whether you feel comfortable going without a fully funded emergency fund for a little while or not.

@shawnshalest_hws

2 жыл бұрын

Very true!

Sooo many ppl have tried so hard to make something so easily understood but were not as successful as you are in this video. This made saving for emergency funds (over paying off debt) seem so common sense that I'm embarrassed that it took this long for me to understand 😳

We do both, but before we started on our journey we had a month of our expenses saved already and we are currently saving a little every month while paying off debt

@shawnshalest_hws

4 жыл бұрын

Doing both is a great option. Thanks for sharing!

Thank you for these videos. I will subscribe. I’m usually financially responsible but now that I’m a student and a business owner my expenses have increased a lot.. so I’m trying to cut off even gym memberships or reduce eating out a lot. Are you able to make a video how to get comfortable looking at your bank acc? For a year I’ve been avoiding it because it gives me anxiety :(

That was a few good scenarios ! It can feel annoying to save when the debt is right there

For someone who grew up poor in a family that was too proud to accept "charity": I would never prioritize paying down debt if I didn't have MINIMUM 3 months of living expenses saved. I don't care how high the rate is on your loan/CC. $1000 is not enough to truly get you out of a jam. Dave Ramsey is a jackass.

@shawnshalest_hws

3 жыл бұрын

I totally get where you're coming from.

@DaCleva1

3 жыл бұрын

Does he have to be a jackass??😩😩😩😂🤣😂

@maryshaffer8474

3 жыл бұрын

If anyone born disabled in family try to set up ABLE NOW savings account.

I was concerned because the interest on my credit cards is about $1.3-.5K/year but realistically I think it’s still better to have a genuine cash emergency fund before starting to pay off debt instead of worrying about interest rates because of many reasons but 1. Cash isn’t a creditor’s money 2. A credit card can be closed on you for spending it and you’ll have no emergency fund.

I actually wanted to do both, but I thought it would be better for me to have debt free sooner... I had used my 100% saldo amount (after basic needs) to pay the debts for 4 months... oh my god finally the biggest debt was paid. now I am collecting the emergency funds and paying debt at the same time, still a one debt to go.. my prediction will be totally debt free in April 2023 since the money( after basic needs) 80% for emergency fund, 20% for debt