I think the first caveat for this video needed to be that you will NEVER accumulate wealth unless you consistently live BELOW your income. Because statistics tell us that most of us are over-spending and under-saving.
Hi Chelsea. My daughter thought this would be of interest to me, and she was right. As a wealthy person now, (as defined by being in the top 1% of Americans by net worth) who was actually a broke person 20 years ago, I agree with your eight differences about how the wealthy think. I also have a list of differences (I call them attitudes) of the wealthy, and my list has nine items on it, and only two of them sort of match your list. Please let me know if you would like to see my list of nine different attitudes that anyone can adopt. And I only have one thing I disagree with, but it was not your list. It was a comment you made prior to starting your list. You said money can change who a person is, like they become less empathetic. Instead, I believe the quote from Warren Buffet is very accurate: "Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars." Your other comment that we do ask questions and want to make our life easier is also something I agree with. Asking questions is one of the key items on my list of nine attitudes.
You are AMAZING. So young but so driven!! I feel that your advice is targeted towards millenials, but I am a 63 year old retired teacher and I find your videos very informative, thought inspiring & very often amusing. I am too old to start "investing", but I'm pleased that you are teaching young women that they are responsible for their own financial future & well being. I watch you every day; you've become an interesting, valuable "friend" who I sit down with & get ideas from. I wish that You Tube had been around when I was young as I am..er...aspire to be a writer & believe that I may have the confident flair for public speaking that is needed to present content in such an enthralling way! (so I'm told..). I look forward to future videos & our daily visits.
63 is super young, my mum has just managed to convinced my 88 y o grandmother to invest her money in short terms investments. She's really happy when at the end of the month she has 90$ more than if she left the money into a regular savings account. She's not making millions obviously but it's better than nothing 😊
Time is something we can't buy which is why those who are wealthy are always looking for ways to gain time back i.e. cleaning service, outsourcing, personal assistant, etc. This video was very well put together. I'm consistently wanting to learn about the way wealthy individuals think and work.
@ Dirt 117: I think the only grammatical mistake TruFinancials made was the use of "learning" instead of "learn." I assume he knows the correct form. He probably just typed that very quickly and didn't proofread his CZcams post. Moreover, why didn't *you* use proper grammar in your post, Dirt 117? You shouldn't start your sentence like that. Capitalize the first letter of every sentence and place a period at the end of every sentence. Practice what you preach!
@Jacqueline - That seemed to be the case. I should have proofread the comment before posting. I corrected my mistake :) Thank you for kindly pointing it out.
Great tips! Outsourcing (paying money to buy yourself more time) and taking vacations (experiences over things) are legit scientifically proven ways to buy happiness. We probably don't do it as often as we should, but we're also not rich...yet.--Tasha
hi guys, interested in becoming richer the best results that i've ever had was with the Reality crusher secret (just google it) without a doubt the most useful guide that I have ever tried.
+One Big Happy Life I have spent months studying life improving after which we found an awesome website at Reality crusher secret (check it out on google)
At 35, I'm finally feeling in control of my financial future, despite a few debts. I make good money, and have spent years perfecting my budget lifestyle, so I have extra money at the end of each month. I'm confident that my retirement savings are on track and I'm saving for a mortgage down payment next year. When it comes to my 'time value,' I try to avoid outsourcing - where possible. I'd rather learn how to do something myself, and keep my money, thus extending my time value. I've learned how to cut my own hair, cook restaurant quality meals, do my own landscaping, book keeping, home organizing, furniture restoration... I actually enjoy learning new life skills and save thousands a year by DIY'ing. If you approach these life duties as therapeutic, you can simultaneously relax while trimming trees or chopping garlic. I could get another job, but I'd rather learn skills for free while maximizing my cash flow. The rich seem to live for excess. I love little luxuries like weekly flowers, spa days and good wine.. I always make room for a few, but overall I prefer to live life more simply and get more out of time (ex. I travel quite a lot, I took 12 months off last year). Living a rich life doesn't have to mean living with excess. Just maximize what you have, and realize that time is fleeting.
It’s true about the discussing money. It’s about context people don’t talk about it socially but if you have and advisor of some kind you are literally paying them
I love how she finished off with “byeeeee”. I love the financial diet. I am a 25 year old New Yorker who is just getting into the corporate world so all of these videos are very, very helpful for me. I hope I run into Chelsea one day to thank her for this channel.
Today I had a few urgent errands to run. I paid my younger sister to do them for me while I work on my online job. Also. Paid a lady to come do my laundry at a small fee just so I can get more time to do my work and still accomplish other tasks. As I turn 30 I've come to realise that time is very equal to money. Use it sparingly 😊
I have this question: rich people behave like that when they are already rich or they broke af but then behave like that and became rich???? Thank you.
What hit me the most was the relaxation and dedicated vacations for myself, I have been working for a year without taking a real vacation and I am feeling stressed miserable and I feel like I am wasting my time. Even during weekends I have lots of things to do and take care of that I feel that I don't have TIME FOR ME! Thank you for reminding me of this, I needed this.
Ooo, i love the idea of Status! Thank you Millennials! Also, I highly recommend a housekeeper if you suffer from depression. It changed my life. No longer did I have the overwhelming task hanging over my head. I lost weight, started dating again, and was really enjoying life again, until I had to file bankruptcy. Lol back on my feet and beyond and reconsidering it for the benefits it gave me.
Bernie Cat Your post made me smile...sorry about the bankruptcy, and glad you’re getting back on your feet. When we moved into our house I told my husband I wanted to have a house cleaner-we both agreed it would be a marriage saver. He works long hours and cleaning paralyzes me and stresses me out. It has been so great, but I admit I vacillate between feeling thankful and guilty. I always have to talk myself out of the guilt of not doing it myself! Your post made me feel better about it-I think it’s great other people hire out for cleaning when it helps them, why would I not want the same for myself? Cheers!
Julie Flynn Cory oh gosh, please do not feel guilt. You are not only helping yourself and your marriage, you are helping the housekeeper. :) Win, win, win!
Julie Flynn Cory BTW, the Bankruptcy was the best thing I ever did for myself, even though its not cheap to file. I thought I knew everything when it came to money. I learned a lot. Had to struggle to pay for bills and food for the first time in my life (didnt realize I was living off my credit cards until I didnt have them any more). I will never ever get myself in that position again and be better off for it. :)
Outsourcing is super important in your career. Example; I'm great at social media planning for books, but I'm not good at graphic design. So, I teamed up with another member of our staff and she did the book release graphics, and I did all her social media posts. We ended up with a great launch line up for our next title.
Um, I respect and appreciate this content and understand why they're using sponsors. No issue here. In fact, please try for an audible sponsor so you can talk about financial literacy and all the great money mindset books out there. I want to hear about your favs. I loved The Richest Man in Babylon, Rich Dad Poor Dad, and am going to read You Are a Badass at Making Money by Jennifer Sincero next. Tell me more about why I should read your TFD book as well. :)
@artemisrain : have you read the wealthy barber, kind of a modern Richest man in babylon. Kiyosaki's new book Why Rich are Getting Richer is very good as well, as much as Rich Dad Poor Dad, in my opinion.
This is hard to digest as someone who has only experienced financial stability for a 5 year period in life that I was blessed with a inheritance of 10k to invest in myself.. I was able to buy a used car, then to fix that used car when it broke down not long after. I paid off previous debt I couldn’t afford to get my license back and my first queen size bed from a charity. I also had to buy basic furniture and household items for my apartment and better quality stuff for my daughter (single parent). I saved, used my 1st credit card to only cover my car insurance policy for 6 months and then used my student loans to buffer monthly bills, credit card payments and maintaining adequate budgeting... Between the cost of living, my part time job, full time student, daycare, etc. I worked my credit up and had savings for emergency and for my daughter... But with no support system and rent prices rising exponentially toppled with trying to navigate my daughter’s sexual trauma that occurred... things quickly fell apart. See when your poor... If you stop at any point before being able to make it to “the peak height of a rollercoaster “ 🎢.... well you fall as fast as a skydiver free falling to earth. I spent years and years of hard work... was a few terms (4 classes) away from graduating with a bachelor’s but because I had a mental breakdown and had to focus on my child’s well being instead of my future. The poor can do everything in their power to gain access to better opportunities and better quality of life but most don’t have the same amount of support or resources to keep them afloat during a crisis. Investing has still never been an option for me financially. When you spend most of your life working for a paycheck that disappears when you cash it... it isn’t due to laziness or budgeting... minimum wage & full time hours covers the basic necessities of life. I ended up becoming homeless for 8 months as a single parent. Shelters had waiting lists, housing assistance was my outsourcing. I had to move counties to gain access for housing assistance through a program that required weekly meetings for a month to qualify. Then it took 2 months and help to find a landlord willing to reduce rent by $5.00 so my voucher allotment would be accepted. (Most apartments that don’t even have hook ups for a washer and dryer.... exceed the amount of assistance provided for housing.) I got back on the bandwagon for a year trying to work my way up... employed for almost a year then I break my ankle by tripping. Right after I’m cleared for work COVID hits. Any progress made, once again it’s lost. And I’m starting from the bottom again...
Give yourself permission to not do everything . . . Life is not meant to be one huge challenge that you take on totally alone . . . Still working on this.
Hey! Not sure how knowledgeable you are in this field, but any chance you’d be able to make s video for those of us in the market for a new car? New vs. used vs. leasing, etc.? I would really appreciate I.T!
Don't rich people already have money to take risks? They don't have to wait for the green light, they can pay off the fine for running the red light 10x over without feeling that loss financially, which we know has links to your mentality. Imma watch the rest of the video before I get really upset, as it might have tips that can help me.
If you're incorporating sponsored content in your videos please clearly disclaim that in the title and in the beginning of the video. It's not cool to suddenly be getting a sales pitch in the middle of what was billed as just an informational video.
Well in this one, they did mention it at the beginning. (But yes, in previous videos, they have not.)
Před 5 lety+5
If you have concerns about incorporating comments on a CZcams video that you are watching for free please do so as constructive criticism and not using a demanding tone. And yes, I did use your tone in this reply for added sarcasm.
Love your videos- very knowledgeable ! Please don't assume all of us are young. I an a mature woman and have gotten a lot of common sense from this channel.
quick advice. next time filming a person wearing glasses, use a defuser instead of ring light. If you diont have a defuser just use a shower curtain or a white sheet in front of your light. It will help loose this terrible effect when the ring light align with presenters glasses and eyes. ;) *thanks for the video
I think it would be really useful to define what "wealthy" means in this context. There's a difference between acting "wealthy" with your money and being rich, and there seems to be a lot of confusion with that in the comments.
Spectacular video. Aside from the practical advice, I also want a poster with the phrase, “Life is not meant to be one huge challenge you take on totally alone.”
1) They don’t wait for permission. 2) They know the landscape around them. 3) They Ask for help with what they don’t know. 4) They put a specific (and growing) value on their time. 5) They speak the language of money. 6) They know that Money is a long game. 7) They outsource, outsource, outsource. 8) They know the importance of recharging.
Hi, not sure if you did this already but, can you make videos related to a family budget? Because 2 bags of groceries per week does not really work with two kids ahahah!
DBR Liamg When people say "scientifically proven" it suggests that there are definite put away in the cupboard answers in science. Even the most solid theories we have should be described as "scientifically suggested/shown." In my biology course, we would get points off short answers if we said "proven." I wasn't trying to drag them, it's just a common thing people do that betrays a subtle misunderstanding science.
Can you do a video on subscriptions/membership programs. Streaming, gyms, clubs, product bundles etc. Which are a true value? Is it cheaper to just buy your shows/products outright?
I watch your videos religiously. Probably your biggest fun in Kenya. Whoop! whoop! I need to say... Chelsea, you are hilarious! I watch your videos right before I leave my office because they put me on a high. Not to mention the financial emancipation lawd! Thank you.
This is so true, i went to uni with a lot of rich kids and i have notice a lot of this characteristics that i dont have 😭 i always felt very left out because of that
I know wealthy people and most wealthy people do not follow any of the advice in her previous videos, so why is she speaking for them here? I was born wealthy and I'm sick of wealthy people being praised when most wealthy people are not wealthy because they are more careful, but because of luck. That includes either being born into money or raised with a good education that enables them to earn without excessive debt. Most wealthy people earn more, they do not spend less. She seems to be focused on highly entrepreneurial types, something she should highlight in the title.
First thing that came to my mind on the first minute of watching his video was how much she is channeling DARIA with the clothes, glasses and even the swift of the hair
This may be difficult, but it would amazing to interview CGP Grey about his habits. He has some pretty out there productivity tips and lifestyle. He talks about this a lot on his podcast with Myke Hurley (founder of Relay.fm) called Cortex.
Definitely some good tips in there... one that made me thing was I should really get my groceries delivered, I always think it's lazy and I should just do it myself but I have a lot of chronic pain and anxiety that there's limited days I want to go food shopping.... therefore in reality I end up spending more on delivery food or not eating then getting groceries delivered which would be much more healthier.
I've been following this wonderful channel for awhile now. I have to admit, this is one damn quality video. I feel very grateful to have the knowledge of everyone on this channel at my disposal. Thank you so much!
Would be fun with a video on the economy of TFD. What they get for sponsorship, what kind of campaigns they look for and how they budget their research and output.
Sponsored content really needs the disclosures front and center at the beginning of video and description if not in the title itself. Please continue to adhere to these advertising best practices (as you typically do)!
Although I agree that you should know when to take breaks from working hard, you shouldn’t ever feel like you “deserve” to spend a large amount of money if it’s something you can’t afford.
I love this video! I especially love the recharging tip - I've been talking about the benefits of having a mental health day at least 1x a week for so long! I swear it's changed my life :)
Your points are all still really helpful but your videos are tipping the balance in becoming an advert. I understand that sponsorship is a big part of keeping the site going but I wonder if it would be helpful for you to find a specific length of time that you talk about the product. At the moment, I would say it's too long.
Chelsea, could you please do a video for those divorcing later in life, including financial tips for retirement/investing? I am a baby boomer/mother/grandmother raised somewhere between June Cleaver and super woman. I feel lost for lack of guidance. Thank you so much ❤
Great video!! I'm great at saving money and being smart at it, but really should outsource things I hate like cleaning the house. I also tend not to do the things I should do to recharge because I'm either trying to get things done or trying to save every last penny! I love your practical money tips and information :-)
8 things rich people do: 1) Inherent money 2) Live off other people's work 3) Take credit for it all 4) Buy politicians 5) Take massive public subsidies while refusing to pay taxes 6) Buy your kids way into schools, jobs, etc. 7) Denigrate the poor 8) Claim they are Christians
Very good tips! I like the one about hiring people or outsourcing things that truly take way too much time up or are very pesky. This is something I'm working on doing with my videos currently - I'm looking into the price to have them all close captioned since doing it myself is laborious and very long!
Oh, I can't wait to read all the info in the links, and I loved all the info in this video. I IMMEDIATELY went and tried to sign up for Status, but stopped dead in my tracks when it asked for my bank account password and pin. That is a firm no for me. I wonder if there isn't some alternative.
Status looks great, but unfortunately I think it only works if you're in the US. I'd be interested to know if there's a similar service for people who live elsewhere (like the UK!)
"Life is not meant to be one huge challenge that you take on totally alone."
I wish I knew that earlier.
I think the first caveat for this video needed to be that you will NEVER accumulate wealth unless you consistently live BELOW your income. Because statistics tell us that most of us are over-spending and under-saving.
Love that you used "her" as the pronoun for boss. I, a woman, automatically thought it's a man when you said boss and chuckled when you said "her." 😄
"No one comes up to you and gives you the life you want"!!!!
Hi Chelsea. My daughter thought this would be of interest to me, and she was right. As a wealthy person now, (as defined by being in the top 1% of Americans by net worth) who was actually a broke person 20 years ago, I agree with your eight differences about how the wealthy think. I also have a list of differences (I call them attitudes) of the wealthy, and my list has nine items on it, and only two of them sort of match your list. Please let me know if you would like to see my list of nine different attitudes that anyone can adopt.
And I only have one thing I disagree with, but it was not your list. It was a comment you made prior to starting your list. You said money can change who a person is, like they become less empathetic. Instead, I believe the quote from Warren Buffet is very accurate: "Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."
Your other comment that we do ask questions and want to make our life easier is also something I agree with. Asking questions is one of the key items on my list of nine attitudes.
Let us know about your list of 9!
You are AMAZING. So young but so driven!! I feel that your advice is targeted towards millenials, but I am a 63 year old retired teacher and I find your videos very informative, thought inspiring & very often amusing. I am too old to start "investing", but I'm pleased that you are teaching young women that they are responsible for their own financial future & well being. I watch you every day; you've become an interesting, valuable "friend" who I sit down with & get ideas from. I wish that You Tube had been around when I was young as I am..er...aspire to be a writer & believe that I may have the confident flair for public speaking that is needed to present content in such an enthralling way! (so I'm told..). I look forward to future videos & our daily visits.
63 is super young, my mum has just managed to convinced my 88 y o grandmother to invest her money in short terms investments. She's really happy when at the end of the month she has 90$ more than if she left the money into a regular savings account. She's not making millions obviously but it's better than nothing 😊
Time is something we can't buy which is why those who are wealthy are always looking for ways to gain time back i.e. cleaning service, outsourcing, personal assistant, etc. This video was very well put together. I'm consistently wanting to learn about the way wealthy individuals think and work.
@ Dirt 117: I think the only grammatical mistake TruFinancials made was the use of "learning" instead of "learn." I assume he knows the correct form. He probably just typed that very quickly and didn't proofread his CZcams post. Moreover, why didn't *you* use proper grammar in your post, Dirt 117? You shouldn't start your sentence like that. Capitalize the first letter of every sentence and place a period at the end of every sentence. Practice what you preach!
Very well said Denis. I hope everyone on this channel will take time to listen to all your wonderful videos. I have learned so much.
@Jacqueline - That seemed to be the case. I should have proofread the comment before posting. I corrected my mistake :) Thank you for kindly pointing it out.
@Centsible Living With Money Mom - Thanks for the shout out!🙂
You deserve it. Your channel is one of my very favorites.
Great tips! Outsourcing (paying money to buy yourself more time) and taking vacations (experiences over things) are legit scientifically proven ways to buy happiness. We probably don't do it as often as we should, but we're also not rich...yet.--Tasha
Thanks for watching! Can't wait for our video next week :))
-C
One Big Happy Life 😍😍😍your channel
hi guys, interested in becoming richer the best results that i've ever had was with the Reality crusher secret (just google it) without a doubt the most useful guide that I have ever tried.
+One Big Happy Life
I have spent months studying life improving after which we found an awesome website at Reality crusher secret (check it out on google)
So value yourself and your time, do what you're good at and outsource what you aren't, and invest early. That pretty much sums up this whole video.
At 35, I'm finally feeling in control of my financial future, despite a few debts. I make good money, and have spent years perfecting my budget lifestyle, so I have extra money at the end of each month. I'm confident that my retirement savings are on track and I'm saving for a mortgage down payment next year. When it comes to my 'time value,' I try to avoid outsourcing - where possible. I'd rather learn how to do something myself, and keep my money, thus extending my time value. I've learned how to cut my own hair, cook restaurant quality meals, do my own landscaping, book keeping, home organizing, furniture restoration... I actually enjoy learning new life skills and save thousands a year by DIY'ing. If you approach these life duties as therapeutic, you can simultaneously relax while trimming trees or chopping garlic. I could get another job, but I'd rather learn skills for free while maximizing my cash flow. The rich seem to live for excess. I love little luxuries like weekly flowers, spa days and good wine.. I always make room for a few, but overall I prefer to live life more simply and get more out of time (ex. I travel quite a lot, I took 12 months off last year). Living a rich life doesn't have to mean living with excess. Just maximize what you have, and realize that time is fleeting.
It’s true about the discussing money. It’s about context people don’t talk about it socially but if you have and advisor of some kind you are literally paying them
I love how she finished off with “byeeeee”. I love the financial diet. I am a 25 year old New Yorker who is just getting into the corporate world so all of these videos are very, very helpful for me. I hope I run into Chelsea one day to thank her for this channel.
Today I had a few urgent errands to run. I paid my younger sister to do them for me while I work on my online job. Also. Paid a lady to come do my laundry at a small fee just so I can get more time to do my work and still accomplish other tasks. As I turn 30 I've come to realise that time is very equal to money. Use it sparingly 😊
I have this question: rich people behave like that when they are already rich or they broke af but then behave like that and became rich???? Thank you.
What hit me the most was the relaxation and dedicated vacations for myself, I have been working for a year without taking a real vacation and I am feeling stressed miserable and I feel like I am wasting my time. Even during weekends I have lots of things to do and take care of that I feel that I don't have TIME FOR ME! Thank you for reminding me of this, I needed this.
Ooo, i love the idea of Status! Thank you Millennials! Also, I highly recommend a housekeeper if you suffer from depression. It changed my life. No longer did I have the overwhelming task hanging over my head. I lost weight, started dating again, and was really enjoying life again, until I had to file bankruptcy. Lol back on my feet and beyond and reconsidering it for the benefits it gave me.
Bernie Cat Your post made me smile...sorry about the bankruptcy, and glad you’re getting back on your feet. When we moved into our house I told my husband I wanted to have a house cleaner-we both agreed it would be a marriage saver. He works long hours and cleaning paralyzes me and stresses me out. It has been so great, but I admit I vacillate between feeling thankful and guilty. I always have to talk myself out of the guilt of not doing it myself! Your post made me feel better about it-I think it’s great other people hire out for cleaning when it helps them, why would I not want the same for myself? Cheers!
Julie Flynn Cory oh gosh, please do not feel guilt. You are not only helping yourself and your marriage, you are helping the housekeeper. :) Win, win, win!
Julie Flynn Cory BTW, the Bankruptcy was the best thing I ever did for myself, even though its not cheap to file. I thought I knew everything when it came to money. I learned a lot. Had to struggle to pay for bills and food for the first time in my life (didnt realize I was living off my credit cards until I didnt have them any more). I will never ever get myself in that position again and be better off for it. :)
Or like, learn personal responsibility and not being lazy.
It took me so long to give myself permission to hire a cleaner. But it saves me so much anguish and us so many fights. Best money I spend every month!
Lots of good stuff to think about. And always good to remind young people to start thinking about retirement.
Compound interest is the eighth wonder of the world. At 60, I’ve seen it. It’s real!!
Thats one of the best uses of money, to buy more time.
Outsourcing is super important in your career. Example; I'm great at social media planning for books, but I'm not good at graphic design. So, I teamed up with another member of our staff and she did the book release graphics, and I did all her social media posts. We ended up with a great launch line up for our next title.
Um, I respect and appreciate this content and understand why they're using sponsors. No issue here. In fact, please try for an audible sponsor so you can talk about financial literacy and all the great money mindset books out there. I want to hear about your favs. I loved The Richest Man in Babylon, Rich Dad Poor Dad, and am going to read You Are a Badass at Making Money by Jennifer Sincero next. Tell me more about why I should read your TFD book as well. :)
@artemisrain : have you read the wealthy barber, kind of a modern Richest man in babylon. Kiyosaki's new book Why Rich are Getting Richer is very good as well, as much as Rich Dad Poor Dad, in my opinion.
I always love the advice on this channel! I'm such a nerd when it comes to saving money haha, I love it! Yay for being financially responsible! Lol
This is hard to digest as someone who has only experienced financial stability for a 5 year period in life that I was blessed with a inheritance of 10k to invest in myself.. I was able to buy a used car, then to fix that used car when it broke down not long after. I paid off previous debt I couldn’t afford to get my license back and my first queen size bed from a charity. I also had to buy basic furniture and household items for my apartment and better quality stuff for my daughter (single parent). I saved, used my 1st credit card to only cover my car insurance policy for 6 months and then used my student loans to buffer monthly bills, credit card payments and maintaining adequate budgeting... Between the cost of living, my part time job, full time student, daycare, etc. I worked my credit up and had savings for emergency and for my daughter... But with no support system and rent prices rising exponentially toppled with trying to navigate my daughter’s sexual trauma that occurred... things quickly fell apart.
See when your poor... If you stop at any point before being able to make it to “the peak height of a rollercoaster “ 🎢.... well you fall as fast as a skydiver free falling to earth. I spent years and years of hard work... was a few terms (4 classes) away from graduating with a bachelor’s but because I had a mental breakdown and had to focus on my child’s well being instead of my future.
The poor can do everything in their power to gain access to better opportunities and better quality of life but most don’t have the same amount of support or resources to keep them afloat during a crisis.
Investing has still never been an option for me financially. When you spend most of your life working for a paycheck that disappears when you cash it... it isn’t due to laziness or budgeting... minimum wage & full time hours covers the basic necessities of life.
I ended up becoming homeless for 8 months as a single parent. Shelters had waiting lists, housing assistance was my outsourcing. I had to move counties to gain access for housing assistance through a program that required weekly meetings for a month to qualify. Then it took 2 months and help to find a landlord willing to reduce rent by $5.00 so my voucher allotment would be accepted.
(Most apartments that don’t even have hook ups for a washer and dryer.... exceed the amount of assistance provided for housing.)
I got back on the bandwagon for a year trying to work my way up... employed for almost a year then I break my ankle by tripping. Right after I’m cleared for work COVID hits. Any progress made, once again it’s lost. And I’m starting from the bottom again...
Give yourself permission to not do everything . . . Life is not meant to be one huge challenge that you take on totally alone . . . Still working on this.
Hey! Not sure how knowledgeable you are in this field, but any chance you’d be able to make s video for those of us in the market for a new car? New vs. used vs. leasing, etc.? I would really appreciate I.T!
That's a good idea. She should do that.
seconded
TFD is based in NYC so I'm not sure if they would be able to do that based on their own experience. Good luck!
Check out Dave Ramsey. He talks about how much car you should buy.
We have a video coming up on big life purchases, one of which is cars! :)
-C
Don't rich people already have money to take risks? They don't have to wait for the green light, they can pay off the fine for running the red light 10x over without feeling that loss financially, which we know has links to your mentality. Imma watch the rest of the video before I get really upset, as it might have tips that can help me.
If you're incorporating sponsored content in your videos please clearly disclaim that in the title and in the beginning of the video. It's not cool to suddenly be getting a sales pitch in the middle of what was billed as just an informational video.
Well in this one, they did mention it at the beginning. (But yes, in previous videos, they have not.)
If you have concerns about incorporating comments on a CZcams video that you are watching for free please do so as constructive criticism and not using a demanding tone. And yes, I did use your tone in this reply for added sarcasm.
Love your videos- very knowledgeable ! Please don't assume all of us are young. I an a mature woman and have gotten a lot of common sense from this channel.
I love how honest you are with your disclaimers. Thanks for all the tips!
quick advice.
next time filming a person wearing glasses, use a defuser instead of ring light. If you diont have a defuser just use a shower curtain or a white sheet in front of your light. It will help loose this terrible effect when the ring light align with presenters glasses and eyes.
;)
*thanks for the video
I think it would be really useful to define what "wealthy" means in this context. There's a difference between acting "wealthy" with your money and being rich, and there seems to be a lot of confusion with that in the comments.
Your knowledge is a pearl in the sea that is CZcams.
Spectacular video. Aside from the practical advice, I also want a poster with the phrase, “Life is not meant to be one huge challenge you take on totally alone.”
1) They don’t wait for permission.
2) They know the landscape around them.
3) They Ask for help with what they don’t know.
4) They put a specific (and growing) value on their time.
5) They speak the language of money.
6) They know that Money is a long game.
7) They outsource, outsource, outsource.
8) They know the importance of recharging.
Hi, not sure if you did this already but, can you make videos related to a family budget?
Because 2 bags of groceries per week does not really work with two kids ahahah!
These are amazing tips!!! Thank you so much!!! I think tip 5 is my favorite!
Anytime someone says “scientifically proven” I cringe
Izzy-Fizz fellow memer
Yep, same. Or “research shows” is another cringe- worthy phrase.
DBR Liamg When people say "scientifically proven" it suggests that there are definite put away in the cupboard answers in science. Even the most solid theories we have should be described as "scientifically suggested/shown." In my biology course, we would get points off short answers if we said "proven." I wasn't trying to drag them, it's just a common thing people do that betrays a subtle misunderstanding science.
Also "research shows" is correct, though I think it can sound vague and make one wonder "what research?" and "where are your sources?"
Yes, maybe better would be, "scientific evidence supports..."
Can you do more videos with career advices and investments?
It's only been 2 minutes and I'm learning so much this morning. Thanks! =)
People really should value time more than they do. That would be the biggest purchase being financially free can bring.
That glare in Chelsea's glasses tho...
Don't wait for permission,
They know the landscape,
They ask for help,
Hour value,
Speak the language of money,
Outsource,
Importance of recharging
Can you do a video on subscriptions/membership programs. Streaming, gyms, clubs, product bundles etc. Which are a true value? Is it cheaper to just buy your shows/products outright?
Tiffaney Hawk good idea
THANK YOU FOR THIS VIDEO!! I NEEDED TO HEAR THIS TODAY!
These are awesome! Really great stuff. thanks!
I watch your videos religiously. Probably your biggest fun in Kenya. Whoop! whoop!
I need to say... Chelsea, you are hilarious! I watch your videos right before I leave my office because they put me on a high. Not to mention the financial emancipation lawd! Thank you.
This is so true, i went to uni with a lot of rich kids and i have notice a lot of this characteristics that i dont have 😭 i always felt very left out because of that
Just found the channel and subscribed. Thank you for the great inspiration. Best of luck!
I know wealthy people and most wealthy people do not follow any of the advice in her previous videos, so why is she speaking for them here? I was born wealthy and I'm sick of wealthy people being praised when most wealthy people are not wealthy because they are more careful, but because of luck. That includes either being born into money or raised with a good education that enables them to earn without excessive debt. Most wealthy people earn more, they do not spend less. She seems to be focused on highly entrepreneurial types, something she should highlight in the title.
Watching these videos makes me feel like the 23 year adult I am and should be!
Off subject but, absolutely love that jacket!
BloomN Jenn me too! She should tell us where she got it
I like it too.
Slytherin vibes lol
I am a wealthy person and I approve this video.
that video was great. that "low level squaller" comment had me cracking up!!!! keep up the good work!
👍 awesome as always...educate, advocate, take care ! Nice!!!
First thing that came to my mind on the first minute of watching his video was how much she is channeling DARIA with the clothes, glasses and even the swift of the hair
This may be difficult, but it would amazing to interview CGP Grey about his habits. He has some pretty out there productivity tips and lifestyle. He talks about this a lot on his podcast with Myke Hurley (founder of Relay.fm) called Cortex.
whats the name of the episode
isobel64 pretty much every episode; it’s what the show is about.
FutureNow There are so many episodes. By any chance, would you be able to recommend a few episodes?
Definitely some good tips in there... one that made me thing was I should really get my groceries delivered, I always think it's lazy and I should just do it myself but I have a lot of chronic pain and anxiety that there's limited days I want to go food shopping.... therefore in reality I end up spending more on delivery food or not eating then getting groceries delivered which would be much more healthier.
I've been following this wonderful channel for awhile now. I have to admit, this is one damn quality video. I feel very grateful to have the knowledge of everyone on this channel at my disposal. Thank you so much!
woah that sponsored ad that was slipped in was so smooth lol glad your making that mula
Would be fun with a video on the economy of TFD. What they get for sponsorship, what kind of campaigns they look for and how they budget their research and output.
Sponsored content really needs the disclosures front and center at the beginning of video and description if not in the title itself. Please continue to adhere to these advertising best practices (as you typically do)!
Although I agree that you should know when to take breaks from working hard, you shouldn’t ever feel like you “deserve” to spend a large amount of money if it’s something you can’t afford.
I think most of the concepts you discussed covers opportunity cost of time
I love this video! I especially love the recharging tip - I've been talking about the benefits of having a mental health day at least 1x a week for so long! I swear it's changed my life :)
Great video!!! Keep'em coming...
This information is SO empowering. Thank you!
Thanks for giving legit tips.
How does Status Money make their money?
Ads
This is a great video. Thanks for reminding me of those small but important things.
Very interesting information. Thank you.
"and yes that is scientifically proven" LOL I CAUGHT THAT SHADE CHELSEA
Your points are all still really helpful but your videos are tipping the balance in becoming an advert. I understand that sponsorship is a big part of keeping the site going but I wonder if it would be helpful for you to find a specific length of time that you talk about the product. At the moment, I would say it's too long.
I could listen to you for hours. Especially when you turn pro-man language into pro-womans. I truly feel physically the gasp of relief.
Thank you for the video. Full of very great information. Really love the TFD channel.
Chelsea, could you please do a video for those divorcing later in life, including financial tips for retirement/investing? I am a baby boomer/mother/grandmother raised somewhere between June Cleaver and super woman. I feel lost for lack of guidance. Thank you so much ❤
This is one of your best videos, Chelsea!
Huge difference between rich and wealthy. Wealthy people know how to be frugal and put their money to "work".
Great video!! I'm great at saving money and being smart at it, but really should outsource things I hate like cleaning the house. I also tend not to do the things I should do to recharge because I'm either trying to get things done or trying to save every last penny! I love your practical money tips and information :-)
Great video! Thank you for sharing!
ok Chelsea where do you get your amazing corporate casual clothes 😍
Thank you for all your information, your very knowledgeable!
8 things rich people do:
1) Inherent money
2) Live off other people's work
3) Take credit for it all
4) Buy politicians
5) Take massive public subsidies while refusing to pay taxes
6) Buy your kids way into schools, jobs, etc.
7) Denigrate the poor
8) Claim they are Christians
Thanks Chelsea! Excellent video and GREAT ideas!
This was great! Thanks for the info and I can't wait to watch all the other videos.
Loved this video so much! Great job!
This is the video that made me hit the Subscribe button. Love it!
#1 exploit the poor for profit
#2 claim it was "hard work" that made you successful
Not all wealthy-person habits are worth adopting, lol...
-C
Facts
Santiago Bron eww gross flag
Santiago Bron Not when you are the one being exploited.
Rosemary Elmore It is horrible.
Just signed up for Status! What a cool, useful recommendation! Thanks!
these are great tips. BUT FOR THE PEOPLE WITH MONEY. Most of us don't want to work crazy hours but we are obligated to.
Very good tips! I like the one about hiring people or outsourcing things that truly take way too much time up or are very pesky. This is something I'm working on doing with my videos currently - I'm looking into the price to have them all close captioned since doing it myself is laborious and very long!
You’re awesome Andrea! Thank you!
You guys are amazing! I religiously watch you!
That Status platform sounds like something that would totally deppress me and give me anxiety
Great video. Thanks for compiling the useful advice.
Do you have any recommendations for the best websites to do research on when you're looking to negotiate a job offer?
Oh, I can't wait to read all the info in the links, and I loved all the info in this video. I IMMEDIATELY went and tried to sign up for Status, but stopped dead in my tracks when it asked for my bank account password and pin. That is a firm no for me. I wonder if there isn't some alternative.
Status looks great, but unfortunately I think it only works if you're in the US. I'd be interested to know if there's a similar service for people who live elsewhere (like the UK!)
I really enjoyed this video-amazing tips from you as always!!!
Very helpful tips!