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storytime: going into debt, financial tips, and why influencers go broke
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- čas přidán 19. 08. 2024
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“Discipline is the strongest form of self love, it’s ignoring current pleasures for bigger rewards to come.” Thanks for the content. Really enjoyed the video.
👍🏾
I also think we are taught to "just survive" but not live
Discipline is the strongest form of self love its ignoring current pleasures for bigger rewards to come
Beautifully stated but I must say self discipline does take practice.
I 100% agree. I am currently working on that ❤️
yes our generation needs to stay humble and realize we don’t got it like that. it’s okay to save for things you want instead of instant gratification.
That part! Yes, save for the things you really want instead of the instant gratification and getting things we can’t even afford
@@MissG517 took me a minute to get some AirPods. Even when I did bug them, I waited for the $25 credit & leased it with the Apple Card. It’s the food delivery that gets me 😩
I think "Don't go broke for people you don't like" is a great reminder - both regarding trying to be generous when you dont have the means, and in regards to buying things that you think will make people like you (fancy clothes etc)
So many people spend money just to keep up appearances in the eyes of others. It's the consumer culture that get pushed down our throats - if you don't have the best/most expensive thing then how will anyone else know that you're wealthy? The real questions is why do you need other people to know that you're wealthy?
@@smartypantspod status. It has always seemed that people valued that in other people. Instead of what truly matters
I’m not going broke for people I do like either lol. Stay in your lane and live within your means (that’s what I say to myself). Save for the things that matter. The people who actually care about us, don’t place value on what we wear or have, or the things we can buy them. It’s crazy how social media has made everyone thing that luxury is for everyday folks and that everyone should be living that way.
Don't go broke for people you do like either. Look after yourself and your immediate family first. If you come into money, don't give it away to friends and family. And don't splurge too much either. You can always splurge later.
“a financial goal isn’t a MaNiFeStAtIoN” 🤣YOOOOOOOoooooooooh!!!! This video got me up & checking my bank account 👏🏻👏🏻👏🏻👏🏻
Lmao 🤣
It is
😂😂😂😂
Girl you right… I don’t got it like that… I can’t spend $40 a week on bath and spiritual items, going out to dinner, take out, online shopping… girl you spitting facts
"Nobody got it like that." Finally somebody said it. Cuz I've been up here at 46yo, attorney, making 6 figures, looking at the youngins like, man, ain't no way. Money. Just. Don't. Be. That. Long.
Unless you get that money out your bank account and into a 401k or a Roth .... baby, money is short as fuck. It's very nature is to get from the fuck out your pocket and into the stream of commerce. It will forever find a way to do that.
Thank you for finally saying it.
Y'all need to get with the #firecommunity asap!
I LOVE that you talked about this. Here's my 2 cents for anyone who cares to read. :)
1. If you have federal student loans, you need to get and stay 1 payment AHEAD. Meaning that you don't owe anything that month because it was already paid, and you are sending a pre-payment. Why? This allows you to pay the PRINCIPAL (the remaining balance of the loan), not just the interest (the monthly charge to borrow the money that is added to to the principal each month.) Without being 1 payment ahead, you have to pay off all of the interest first before you pay the principal. This is unlike ANY mortgage or credit card. It is fully predatory. Stay 1 payment ahead and set your "excess payment preferences" to go 100% to the smallest individual loan. Then, when that is paid off, select the next smallest individual loan. In this way, you can actually reduce the total amount that you owe and kill the bill much sooner.
2. You need to look at your life in percentages. These are from Gail Voz Oxlade, a Canadian finance guru. (I don't like ALL of her stuff, but this was helpful.) You need to calculate your NET income after taxes and insurance. That is the number that you use for all financial decisions, not your gross (the total amount of the check.) No more than 35% of your income goes to housing; no more than 15% for transportation, no more than 25% for lifestyle (groceries, clothing, going out, travel), no more than 15% on debt repayment and no more than 10% on savings. The caveat is that you can spend more on debt repayment and savings as long as you can reduce the other areas. So this is how you can make sure that you are "in check" and not overspending in any category. You can increase your debt repayment and savings by decreasing the other areas.
3. I LOVE the Money Manager app where you can enter all of your expenses as they happen each month. It shows you percentages, changes over time, and allows you to set a budget directly on the app. I have tried Every Dollar from Dave Ramsey, and found it annoying. I prefer MM, but as long as you track your expenses, it can open your eyes and show you where your money actually goes. I had a revelation, for sure.
4. Make sure that you have AT LEAST the cost to move into another acceptable living situation in your savings account. Dave Ramsey teaches people to have $1,000 in savings only. That's not enough! I have had landlords sell their buildings, and I had to GET OUT. Thank God that I had my own money to get into another place. A friend of mine, who is a wonderful person, did not have money in savings, and she was trying to crowd source the money to move from family. It was stressful for all of us, but much more stressful for her. Have your own money in savings at least to provide another home for yourself based on the cost of living in your area.
5. If you can, have 3 months of living expenses in savings. If Covid taught us anything, it is that having money in savings is your literal piece of mind! I knew exactly the month that my savings would run out. I was very fortunate to have enough for several months before I needed to panic. Definitely try to have at least 3 months of living expenses in savings.
6. Don't feel like there is "one way" to get debt free. Whether it is the snowball (pay off the lowest bill first and then roll that amount into the next smallest bill with minimum payments to everything else) or the avalanche (where you pay your most expensive bill first with minimum payments to everything else) or something else. Whether you save your emergency fund first, alongside paying off debt or alternate months between savings and debt repayment, it doesn't really matter as long as you are DOING IT.
7. Some people (like Dave Ramsey) will tell you not to ever go out, not to every buy a gift for anyone, etc. while you are getting debt free. In my humble opinion based on my lived experience, you need to be able to have a reasonable amount of "enjoyment money" each month. It needs to be reasonable and it needs to be disciplined, but the all-or-nothing approach never worked for me. It left me feeling shamed and like a failure because it was too restrictive. Having mostly discipline with small rewards is what has ultimately turned my finances around. (I'm still moving toward my goals with this new momentum!)
Hope this helps guys! As you can tell, I'm on my own journey of getting things done. Don't let anyone shame you or make you feel stupid. Take what you know now and do more than before.
Thank you so much for sharing this. I am graduating with my Master's in August and I know I will need to start repaying my loans by the beginning of 2023.
ThankyouU!
These tips are so helpful!!!
Love how comprehensive these tips are! Thank uou for sharing! About to have a salaried income and getting used to being an adult. There’s so much to learn and it can be quite scayy, but bit by bit I’ll get better :)
Very helpful! Thank you
one of my mom's habits to monitor your credit is to keep every receipt and sum it up on a note book. truly useful
Use excel and your bank. You can download your statement and color coat it and sort it by category and see where your money goes etc
Normalize financial boundaries and at home hang outs ♥️
Giiiiiiirl, this topic is needed among Millennials. I’m literally in the same situation sitting in my 2 bedroom apt in NYC 🥲 wondering how did I get here. 😭 I’m glad more of us are talking about financial literacy and living below our means.
GIRL THANK YOU!! You called me out with the Uber spending especially being from nyc, “you don’t have it like that. I don’t have it like that. Why we acting like we got it like that??” Was a WORD. I was just debating taking a Uber from Manhattan to the Bronx lmao.
I needed to hear this. My finances are shit right now, but I see the light. I can't keep living with no sense of direction. It was cute (not really) in my late teens-early 20's, but it makes me sick at 25.
Same sentiments here 🥲
I feel this! Just turned 25 and though I am good with money now, I only started my financial independence journey at 23. I wish I started sooo much earlier 😭😩
@@leahmcdermott4189 Love you were an actual guppy 😂❤ like with all love you were freshly an adult.
You ladies starting early, kudos! Lol
The fact that I’m feeling personally targeted sure says a lot about my financial habits 🤦🏽♀️
Same😭
I just wanted to say that, although these issues are totally rampant for young people, not living in America helps. I'm Australian, meaning that 1. Our superannuation system means that employers are legally responsible for managing your retirement fund (or if self employed, you can pay someone to help you do it or do it yourself), 2. we have universal health care (still a flawed system, but ultimately if I suddenly fall ill, I won't get into debt. A friend's partner had a horrible accident recently and was hospitalised for three months, some of that in a coma, intense rehab for neurological problems, and they only paid about $200 AUD for the ambulance fee to the hospital).3. I don't have a credit card, and I feel as if they're not as normalised here, especially not for young people : we don't have credit scores really. 4. We have government funded loans with no interest (although uni used to be free back in the late 80s) for uni, and even then these loans mean nothing when applying for a mortgage.
I think it's important to remember we lived in messed up systems that are designed to individualise poverty and financial problems, when it's mostly about where we happened to born and what financial situation your parents happen to be in.
Time to move to Australia lol
'But America is land of freedom!!' is what a lot of Americans will say, yeah freedom of banks to have systems in place to exploit you in ways unfathomable in other countries with more regulations in place.
I'm American but I've been living in Australia for three years (or "just in time" as I put it when the pandemic started). I love it here and am definitely going for a 2nd passport for all the opportunities you've listed!
@@mercedescreates I'm glad to hear you like living here Mercedes! Best of luck in your visa/passport journey!
@@justynawisniewska1213 totally. I was floored when I was in the states, my bf at the time returned from being away for an extended period, and was getting calls from debt collector people. I remember he was googling the place to find out if it was real, and ended up basically bargaining with them about how much he could pay (it was medical debt from an injury he got in a state that he wasn't insured in). This whole process was so foreign to me- having to investigate whether someone was trying to rip you off, the weird fine print policies of insurance companies, him finally arriving to his home to be greeted by this issues.
Don't get me wrong though, Australia is moving more and more toward these systems as our political parties have moved more right and right in the last 15 years or so. So, the fight here is to keep Medicare free and expand it to include dental and mental health, to keep and raise our minimum wage (around 14 AUD I think), increase leave allowances, etc. Increase welfare. All of these we do have to constantly fight and advocate for!
I grew up in a country where uni/college is free and I'd even get paid to go to school. I'm in my late 20's and have zero debt! Now I live in England and can't comprehend that students need to pay £9,000 a YEAR for a degree! + they need to pay interest... like wtf. It's just so normalised here so no one's complaining. They've also made EVERYTHING into a university degree. Like, if you need to learn how to do makeup you can spend £27,000 on a degree. Surely that isn't necessary. The most frustrating part is that, when my dad (who's British) went to uni back in the 80's, it was free. Another great reason to hate capitalism - education shouldn't be a debt sentence!
Did you grow up in Sweden ?
@@ambrebadhippie probably cuz i aldo live in sweden and i get paid but its not a big amount tho!
The fact that you think high student loans are due to capitalism is proof your education probably wasn't very good.
Capitalism allows people to keep your money. What you're talking about is big government getting involved and unchecked corporatism. In America, Joe Biden voted against loans being able to be discharged in bankruptcy, and once you have guaranteed student loan lending, prices soar.
@@ambrebadhippie I'm from Denmark
@@archiebrulet2284 no Archie, I'm talking about the fact that education has become entirely transactional, like all things in capitalism. In the UK it's become nothing more than the exchange of goods and services and with time the margin between cost and benefit tightens. Bye
“making $9 an hour to be HARASSED in a tube top” 😂
Thank you for making this. You’re making me realize that these are my actual thoughts about a lot of things in my life- and I’m not an influencer, I have a 9-5 and the same applies
Same here! I have a 9-5 too but this was so relatable in many ways
Omg SAME. I know I have a spending problem and am In need of some serious therapy. It get so angry with myself when I think about how much I could have saved by now…very disappointing as well. And now I’m just embarrassed.
When you mentioned high waters I had a flash back to bullying in elementary school. My mom also exclusively bought all my clothes from the thrift store and that means clothes don't always fit well so you take what you can get. Them being thrifted on top of the fact that my mom had no sense of fashion, meant people were always talking trash about my clothes. Thankfully in middle school and high school we had a uniform (more like a strict dress code as opposed to a real uniform that you buy from the school. So ours were navy polos and tan/beige shorts/skirts/pants. but you could buy them anywhere they were sold.). I think this is why I became really into fashion and dressing well starting in high school.
'i haven't lost one second of sleep over nfts' : I laughed so hard :'D as a freelancer in London, similarly burned by the pandemic, this vid was so relatable/moving/heartwarming and refreshingly honest. thank you for your authenticity over a subject people often shy away from.
Such an easy listen👍🏾 Homegirl vibes… as long as you are your honest authentic self people will always like you
Im 31 and already preparing my retirement money. This financial shit is super serious. Each year that passes is opportunity loss if we aren't preparing and organizing our life. I really liked this video. Currently going out my comfort zone to budget, invest and teach my friends financial literacy.
Whew, teach me, sis! 😭 I'm 31 too and decently proficient with my household funds, but I'm still pretty scared of the advanced finance stuff like retirement and 401K. 🥴 Finances are really treated as something you *just know* and that's far from the truth. I know quitting my annoying cigarette habit would help me a lot with building a stable savings. 🙄
self-care is self-soothing and a bandaid , self care is doing things that will set u up for success
TARGET AUDIENCE REACHED. THIS IS ALL ME rn in nyc.... the ubers, the excuses, luckily not in too much debt (under 5k) but I need to get it together!
Omg “why are we acting like we got it like that??” FACTS , legit coming to terms with that too like im spending money I don’t have , like who do I think I am?
Completely relate!!!! More people need to see this. Literally my story. Wasn’t until the end of 2021 that I actually started attacking the credit card debt and have paid off two of the 5 I have thanks to moving back to my mom’s. Wish I would have known this 5 years ago but hindsight is 2020 and 2020 forced me to deal with the fact that I was living a lie in bliss
Your personality is so fun and I love how you're able to laugh at your mistakes. I feel you on the "I never wanted to do any of this". The Etsy and the CZcams and the freelance and the contract 😭 I just wanna share my art not be a business woman!!
I really needed to hear this. I recently came to a point in my life where I had to sit down and look at some of my spending habits and ask myself what are you doing? I was spending hundreds on ubers a month to go to work and hang outs, going out to eat all the time buying boba and coffee on a daily basis all while working a part time job and being a full time student (Btw I go to hunter college)and feeling unstoppable because I have credit cards while still living at home and not having to pay rent. But you get to point where you start to feel economically strained and start to look back on the money you've spent on useless stuff, the reality is i would've probably had a couple thousand saved if i had simply just woken up earlier in time to take public transportation to work instead of cabs, but im working on it, im working on cutting back on unnecessary things and making better decisions with my money.
I enjoyed this video. I, personally, don't hear a lot influencers/freelancers/content creators talking about this issue. It was great to hear you speak on this, and how most of us really don't be havin it like that. I'm super frugal, so I understand everything you were talking about and why it's important to pay attention to what you're spending on/how much $$$ you're spendin
This is a such a breath of fresh air. My financial burdens from bad decisions have really been weighing on my self esteem and worth. Feels good to know even people I look up to struggle with similar problems (not that I want you to struggle) but makes me feel less alone. ❤️
your story is so relatable. i made lots of bad financial choices in my early twenties. now i keep track of all my accounts. no more surprises or impulse buys!
I'm almost done with the video and I liked it a lot! The only thing I disagree with is to write down your transactions once, twice or three time a month. I used to do it like that and just kept going back to the old habit of just not doing it at all, so now I do it every time I have a transaction, every two to three days. It has helped me a lot!! Great vid again, greetings from Venezuela💛
Okay but I actually really look forward to these videos! I’m a hunter MA student who’s trying to become a research based artist and it’s amazing how much your videos help me sooo muchhh to feel less anxious and show up for myself more. thank you for making them!!
thank you for this video, this was something that I really needed to hear, I'm only 22 and I'm definitely living beyond my means, and am so careless with my money and how I spend LMAOO like shit if imma get paid "fuck it" but girl I can't live like that bc like you said "I don't got it like that" there have been mad times where I'm going out and regret it later on bc that money could have gone towards savings something else you know.
Same . I’m 22 also and I can relate to everything you Said . Started saving and budgeting although
I def started doing this when I started living alone back in 2020. I had no idea how hard it was and how strict I had to be on myself. I was full time freelancing when I moved too! Now I’m part time freelance and part time in corporate so income is better and I’m learning to balance. Upon moving into my place- I dove into one of the deepest depressions of my life which forced me to change my lifestyle 360. It’s been a blessing financially, mentally and spiritually. But I don’t have fomo about going out anymore cause the reality is I just can’t afford it and it was a hard reality to face being in my 20’s. Being strict is key. You don’t see me out with the girlies like that cause I literally pay for EVERY aspect of my living. Some stuff I can live without.
Thank you for making this video cause it was conformation for me that I made the right choice💕
Totally relate to this
i’m 18 going off to college in the fall, i am working 2 jobs right now saving up all my money so that when i go away i can have my own funds to pay for things. I’ve started to get smart w my money. i stopped spending it on dunkin’s every day, i treat myself to a coffee once and a while but did the math and if i got one every day it was around $120 a month, (&$1440 a year) which is crazy. just shows how even the little things add up. you’re so right when you say we have to start living within our means, like if you don’t got it don’t spend it!! I started realizing that when i make my money, i literally use it on gas and unnecessary things leaving me unable to save. When people ask me why i have 2 jobs they seem surprised but i’m like i gotta get that bag!!!
Yes work hard now so you can enjoy it later 👌🏽
I LIVE for people like you - You are so transparent and appreciate you for being super real with us. It's so so so toxic that social media feeds off of our insecurities and consumerism. As a 19 year old in college I definitely DON'T got it like that. I'm so happy that I watched this all the way through because every point you made RESONATED with me like crazy. Just like you said, you'll be in a different situation a year from now and I feel the exact same for myself. Once you know better you do better and I'm tired of having my bank alerts showing me double digits. LMAO
- I love your content, don't stop!
It’s crazy how relatable this is. Thanks for keeping it a stack. This level of real/transparency is foreign out here.
GIRL you are funny, THANK YOU FOR BEING TRANSPARENT ABOUT MONEY! Especially as an artist; I'm an artist in LA and have family here, your story sounded similar to mine. And I'm like damn these people must be rich as F cause they have expensive ass studios and ordering uber eats all the time.
I love your videos you are so genuine and it actually feels like I’m listening to a real person and not an “influencer”
OMG! I love this woman! As an elder millennial, I feel most of what she is saying. As a person who has a bachelor's of photography, I tried pursuing my work on the side while working jobs, but that was very hard to do when you graduated into a recession and all you can think about is finding full-time work because part-time work doesn't cut it no matter how many jobs you work. I worked two jobs for 1 year back in 2014 and I saw that it was far from making a decent living. It is a broken system that continuously is patched up instead of torn down and redesigned. I am so glad that you are sharing your story and helping people to realize that they are not alone.
I am a fellow elder millennial- and I agree ☝🏽🙃
Us millennials have been through it 😥
We are very resilient though 👌🏽
Monica!
You weren’t stupid at all, you were ignorant just like most of the world. We weren’t taught financial literacy in the home or at school. Especially in some communities, we would have never known about compounding interest, IRA’s, and other types of investments. You are right, the system was created for the targeted to remain poor. I’m so glad you and I and other are awaken and doing something about it!! Bravo 👏🏾
Definitely needed to hear this as a high school senior so thank you yt algorithm. Btw I downloaded the mint app a while ago to track my spending and it pretty good for anyone out there
what are you majoring in?
@@loveamaragrace they’re in high school still so they aren’t technically majoring in anything yet (unless they’ve committed to a college with a major in mind) ! :)
I’m half way through your video and I just want to applaud you for sharing your story with the internet. This is truly inspiring to see an individual be so vulnerable about their own financial situation. It is very raw and honest but hardly ever spoken about freely. Kudos to you for coming to terms with your habits and wanting better for yourself. 2020 and 2021 had also made me realize the “lifestyle” creep and with a similar mindset like yours of making sure I just have enough money to get by. I lost my job in 2020 and now had to face the music of being in thousands of dollars of debt. But I believe there is light at the end of the tunnel and I know you will come out of this better on the other side. Thank you for sharing your story!
Super funny! I respect and appreciate your honesty. It is refreshing to see a young person speak so openly about money. I am much older than you and try to teach my young beautiful nieces about money but they just feel like i am nagging, but will then turn and ask me for my money that I saved. I think not! keep up the good work
Whew I felt this 🤦🏾♀️ I knew I had a problem when I blew $15k in 2 months & had absolutely nothing to show for it 😭
15K in 2 months? Did you at least purchase things you could resell like gold jewelry or luxury handbags?
Omgg 😧
I blew 25 of unemploymente money on clothes, jewlery and shoes. Im so ashamed of myself. And i also have nothing to show for it. Last time i checked my bank account yesterday i had 25 dls left. Good thing my husband pays all the bills at home and he is really good with money but i need to change and my family.
@@Lalalu74 - You may need therapy. There are probably other issues at play.
It's real common. Let's not be shaming anyone. Girl, glad you realised this is not where you want to be and now be looking to do different. Much love..
I love you for your honesty because I NEEDED IT TO BE HONEST WITH MYSELF!!!!!!!!!!!!!!!!!!!!! I'm two years older than you. I live in Southern Ontario Canada though. My parents who financially struggled did they best they could but can not house me unfortunately. I'm a three year college drop out who KNOWS she SHOULD be an artist but haven't spent ANY time working on painting even though EVERYONE wants my art....hearing your story gives me hope...because YOUR life...is the life I wish I could live! I'm $25,000 in debt from school for graphic design, live in a a small town with no job opportunities for design, I've been living on my own since 17 and working since 13. My partner and I rent a SUPER expensive basement apartment because we have had BAD experiences with roommates! I'm better as a painter but never pursued it because I thought graphic design would pay more.....more people ask for my paintings than for my design....my parents don't have a home for me. LISTEN! I'm the girl who you said if you didn't have your blessing you have that you'd figure it out....I'm going to figure it out. But just so you know....you aren't alone! And you are BLESSED! And you are going to be okay! Because if I'M OKAY! YOU'RE OKAY sweetheart
Sis, please paint! It's never too late!
I so relate to this - it makes me feel way less alone to hear your experience.
My first viral video I earned $15K and spent it all on an overseas trip. Then tax time came and I was scrambling because I had nothing left! I’m really tryna build financial literacy and discipline these days - its a very humbling journey
How does the taxation work?
@@traceym.8371 Monica explains it around 21 mins in how it works
Well done babe 👏 You doing good work that takes many their entire lives to realise. You are helping so many by authentically expressing both your triumphs and failures. A lot of us are out here parenting ourselves, and videos lile this are treasure chests. Thank you for being you. Your value and worth goes beyond what any Like could convey. And you are blessed in so many different beautiful ways, that also go beyond those dollar signs. Love you sis.
Girl I’m 26 too and I am getting more broke the older I get. Just moved into an apartment with my boyfriend, 14 weeks pregnant, trying to get my master’s, and I change jobs like no tomorrow. Luckily my boyfriend holds shit down, but it is getting even harder and panicking a little. I’m wishing all of your girlies the best financial success! May we all make it! ❤️✨
Not a good situation to bring a child into
@@alextroy9202 even if it was ideal, there will always be room for improvement. That is both of our mindsets and I couldn’t have asked for a better partner to raise the child with.
@@zeezalo , congratulations on your new baby! 🥳🧸
ive never seen more self reflection in a youtube video ever
I love this! The “math ain’t mathing”!
If u could rent out your art studio for local artists, that could be another source of income. Great video I can definitely relate a lot.
Thank you so so much Monica! I’ve never related so much to a video in my whole life. Being honest with yourself is key! Don’t go broke in the name of self care especially when you’re freelancing. Currently at this stage of my life rn so this video came at the right time. Blesss up!
I've watched like 5 of your videos in the last 2 weeks and you have been changing my life completely, people do not talk about all the ways we're out here struggling for no reason!! and having that awareness is really making the difference, sending you much love and hugs
BABY GORL! You are PREACHING, and CALLING ME OUT.
the section about the 10% increase came at the right time. because I just got a 13% raise and I started SPENDING like I make a living wage, ridiculous. had to buy a new phone because mine broke unexpectedly, but spent more than I thought on what? bubble tea? a film camera?eating out multiple times in a week? anyways.... monica I love your videos, your energy. thank you for the realness and wisdom.
One and only “influencer” who called herself out! Lol
Girl when your favorite influencer’s channel start blowing up, you can’t help but watch the vlogs and say “cha Ching” in your head at every purchase. Girl they start wildin!
Loved your energy this whole video❤️
33:00 there is no movin forward without facing the present
You’re a real one for being so honest. This is going to help many
Not the baby having arthritis!! I sincerely appreciate your honesty around this topic. Exactly! Those people going to the post office are business owners. Whether it's candles or the dope stickers you offer, I highly suggest "influencers" start an actual business - if they want to and are good at it, of course. I'm in the same boat of not liking "hustle culture", but there's a difference between toxic hustle culture and actually having a job/career to pay your bills. I'm a full time artist selling my original paintings & prints. Ironically, I actually sold candles at one point too lol! It's been 5 years and I've been able to make it work. What helps me is understanding the cycles. I save that money from my peak seasons and optimize my systems & marketing during the valleys. You can do this! You learned a lot of lessons, you're going to be so much better for it in the future. Love & Light 💖
You’re so right I was addicted to buy damn Makeup. I could say I spent thousands I’ve been getting rid of all that all makeup! It expires! I feel so dumb now but well you learn! We all make stupid mistakes! But we are young I’m glad we realize and learned. They are people in their 60s that are still making same dumb mistakes and can’t even afford health care! Proud of you sis!!!! You got this! I changed my mentality in 2018! I still treat myself once in a while but just with experiences! Not with dumb stuff I don’t need. And won’t make me happy 💕❤️
This was so useful to listen to - genuinely thank you. Hardcore relate to the credit card shit man. It's evil, and I am dumb.
I'm less than 10 minutes into this video and it's already so freaking real. I'm saving this video and I'm finna watch this once a week. Thank you!
Love that you are having this conversation! So many of can relate and are hustling similarly now, amidst the pandemic and what uncovering these unconscious self sabotaging habits. As a Mexican first gen American who never had these conversations irl (i learned online/over trial and error). Thank you for inspiring me to be fearless in the realm of finances this morning. Sending you all the abundance and financial healing 🙏🏾🤍
I gotta tell you - as a 18 y old who always thought I was good with money and all that to so many mistakes - I appreciate your honesty! Makes it obvious that however bad you may have behaved it's never the end of your story :)
I just saw a post on IG before even coming across this video saying "having self discipline now is like saying I love you to your future self"
Okay Monica this video came at the perfect time, I’m choosing my next apartment and I really need evaluate the trajectory of my finances before I do anything else. 💕 you add so much value with videos
I’m glad that you made this video! So many people struggle with these things. I went through it a few times and that’s how I know how to fix it. The goal is to make a plan and stick with it.
hustle culture does suck but the day and age we live in we have to suck it up and do it if we want to live. sad but we can’t do much about it. i mean we can but that’s a whole nother rabbit hole to go down
The way you punched me on the throat with this video, wao! Such an eye-opening talk. Thank you for making this
Hey I feel you.. honestly being in your mid to late 20’s now we all must have gone through this universal experience and it’s frustrating having to look back and say to yourself “what was I doing??” pushing the rising cost of anything aside it really is hard to get past the break even point once you’re aware you’re even even there.. thank you for making this video and sharing your experience as someone who went through what you did and is still on the path of getting there… love this video!
Monica dont be so hard on yourself, last two years were very difficult for everyone, emotionally and economically. It was something that interfered with our persoanl processes, and worldwile we're still watching the economic consecuences of the pandemic. Honour your path, learning is a process and this surely helped you to learn how not to handle your money jajaj
thank u for sharing, love u
Definitely a blessing I came across this video. You explained everything in a way that really opened my eyes to how important it is to save and try not to depend so much on credit cards. I very much appreciate you for sharing what you’ve learned. I’m 18 and you’re literally saving my life before it even begins. Thank you
Loooove this video! Open honest and all facts. I think a lot of us first gens started off with very small to no financial literacy and now that I’m 26 I’m starting to pay for my mistakes 😭 thanks for this
appreciate you so much for talking about this! I think soooo many people are feeling this after 2 years of pandemic, changes in income, changes in employment, changes in way of life etc. I am going through a very similar thing as an artist. The realization that no savior is coming is REAL. I would HIGHLY suggest using budgeting software like You Need A Budget. It's completely changed how i see what I actually spend. Terrifying to see it all laid out tbh but feels great to look at it in a way that feels honest with myself. Best and realest self care I've done in years.
Baby girl, you got this. Yes we all have walked this walk. But the blessing is you've had the opportunity to learn. Being debt free is a great feeling but more importantly, the yoke is broken. Stay focused and your story will continue to bless others.
Love ur realness and storytelling
Thank you for this video! I just got my first "big boy" job that was supposed to make me stop thinking about money, but even after doubling my income, I was still living paycheck to paycheck. This video made me feel a lot less shameful knowing I wasn't the only struggling to manage this.
This is a great financial literacy chat. Love your energy and honesty. Thank you
“A financial goal isn’t a manifestation” LMAAAOOOOO soooo true 🤣🤣🤣🤣
This was a great reflection, as a resident old head now I’ve been trying to school the new kids about how quickly all this “yolo” living can add up
Yo, hands down your point on taking ubers! you hit the nail right on it mann. We definitely convince ourselves that its better when it just leads to financial ruin. Thanks for this.
Hey Queen, thank you so much for your video. I'm 21 years old and I feel better knowing that im not alone. It feels comforting knowing that I can relate to somebody else about being in debt and finances. I also Love your art work. When I get finacally stable and have some extra money I would love to buy some art off you. Thanks again Queen, much Love.
Love this open dialogue. Thank u to the stars and back .
I feel you 100% thank you for being this vulnerable and bold to express. We got this 💪🏾
ughhhhh I LOVED THIS! I love how you laugh at your mistakes, they're meant to be laughed at not to haunt us in shame!!! :)
thank you for sharing so transparently (as you always do). I'm currently on a journey of paying off my student loan debt rn--I'm 23 and plan to have it all paid off within the next two years according to my budget! Someone you might like to listen to is Dave Ramsey-- he has a show and several books that teach financial strategies, tips, and steps for getting out of debt and into financial freedom--no scams, no fluff, all thorough, true, and effective steps that have saved so many from crumbling in debt and allowed them the financial freedom and autonomy they seek! I appreciate you and your presence on CZcams so much--it is refreshing! You don't bring b.s. its just the real you and you're soooo lovely!! Take care and best wishes with your financial journey mamas
Thank you for being open and vulnerable. We need more transparency in this world today and accountability. So again, you are a breath of fresh air. KEEP GOING, YOURE DOING GOOD! 🥂🍊👌
We actin like we got it like that! Preach girl
Credit cards are actually really wonderful if you know how to use them correctly. I never spend more than what you can pay each month make sure you pay all your bills first and don’t use it like money is unlimited. You can get cash back you can go on flights. I’ve been out of college a couple of years and have still been able to make every single payment.
didn’t skip any ads on this vid to help u out with some of that credit card debt
This is so important!! I've been realizing discipline is the real selfcare lately too, dude
Thank you for the transparency 🖤🥵 I’ve watching a lot of financial videos and I’m in the same spot living paycheck to paycheck. It’s really hard, I’m trying to budget myself and keep expenses as low as they can be but to be honest it’s really hard.
Thank you for this video I’m in college, working and a small CZcamsr and I’m being consistent in my channel and getting my art together. But just going through your run you hit every nail on the head!! Really motivated me to keep going and stay on course thanks sis ❤️
Monicaaaa I love your videos haha they’re so relatable. Even though I don’t even have a credit card and I’ve saved since I entered the workforce, I feel exactly the same. I hate to restrict my self but it’s the only way I know I’ll make something, as I don’t get paid much YET.
I love your honesty when you talk about all topics :) I don’t feel alone in these pseudo- adulting phase! Thank you!
you’re my fav discovery on youtube in 2022
Dudeeee you’ve been one of my faves for years and I love your new channel soooo much. Big inspiration. ❤️🫂
Thank you! Bless you for making this wonderful informative wake up call motivating video. I don’t know why this video popped up in my recommendations but it is a blessing. I needed ALL of these words of knowledge. Your transparency is refreshing. I can’t wait to see more videos from you. Sending prayers, positive energy , healing, focus, strength resilience and good health to you and all your viewers.
The self care being self sabotage line came for my soul
I related to this on a spiritual level… I felt this popped up in my recommendeds for a reason! I needed to hear this 😩
Best video ever! Thanks for keeping it real & honest. I feel like ppl are cappin and frontin like they got it together but in their eyeballs in debt behind close doors. Its easy to compare and feel like I’m not doing as much as the next person… but I gotta remind my myself that it isn’t always what it appears. 🙃😌
I absolutely love this video, it’s brave and humble to put this out there. It’s a hell of a lot more common than people realise, good for you for getting honest and real not just with yourself but with anyone who needs to hear it!