Achieve Financial Freedom: 8 Wealth Building Strategies | Aja Dang
Vložit
- čas přidán 19. 05. 2024
- In this video, I'm sharing my top 8 wealth-building strategies for achieving financial freedom. Learn how to grow your wealth, pay off debt, invest, and save money to reach your financial goals.
Whether you're just starting to build your financial foundation or looking to improve your current financial situation, these strategies will help you create a solid plan for achieving financial freedom. With the right mindset and actions, you can take control of your finances and build a secure future for yourself. Let's get started on the path to financial success together!
If you want to start building your financial team, head to utm.guru/ugC9l to learn more about their limited time offer!
• TIMECODES•
0:49 - build your emergency fund in a HYSA
2:24 - pay towards your debt
4:04 - learn how to properly use your credit card
4:50 - max out retirement
6:52 - increase your income
7:45 - make savings fund
8:45 - find HYSA with buckets
10:15 - build money routines
11:41 - check on your bank accounts regularly
•STAY CONNECTED•
MSTRPLN: mstrpln.co
Website: www.ajadang.com
Instagram: ajadang
Twitter: ajadang
Tik Tok: ajadang
#howtosavemoney #howtobuildwealth #moneysavingtips
One thing I’m doing to build wealth is learning to cook! I feel like knowing how to cook is such an underrated financial and life skill and its the reason I eat out so much. I don’t know how to cook, I am a picky eater with a limited palette, and I get tired of creating the same meal plan over and over. Thank you for the video!! ❤
The New York Times has an amazing app with recipes. Its like $4 a month but so worth it. You could simplify some of the recipes to make them fit your palate better too!
I think a good skill to have is learning how to mix and match different ingredients you have in your kitchen to make recipes (instead of buying new food every time you cook)
I use Pinterest a lot and find so many recipes for free that have been super good and cooked weekly. Meal planning definitely helps food costs low
This one is a good one!!!!!
great tip!!
Hey Aja, I have been following you since 2019. You taught me how to do sinking funds and to treat myself while I save money. Lately your vision board party inspired me to do the same witg my girlfriends, I prepared some icebreakers and made some food. Turns out everyone needed a space to share money experiences and everyone thanked me for that. So I want to thank you for inspiring that. I might do them regularly and share some learnings I have accumulated on investing, budgeting, and saving. Keep it up, you are a great role model ❤✊🏼
I'm so happy you put that together for you and your friends! Glad you gave them a safe space
You look amazing!!! Love your hair and red looks so good on you!! 🔥🔥🔥🔥🔥
Also thank you for financial advice!!!
Thank you!!
Agreed. You looking stunning Aja!
Her hair is amazing!
So happy to see these money wisdom videos again!!! Woohoo happy and proud of you Aja. You inspire me
Hi Aja! Love to see our Finance queen back, thanks for the great content :D Quick question: will you try to pay off your mortgage early? And why or why not?
Yes! Not as aggressively as my student loan debt but we’re currently adding an extra $500/month towards our mortgage (which is easily covered by our side hustle). Our after-tax mortgage interest expense is greater than what we can conservatively expect from investing, so that’s why we’re adding more money towards the mortgage (but we can also achieve our investment goals so it’s just finding that balance right now)
Aja ~ I wanted to extend my heartfelt congratulations to you for reaching your goals and inspiring us along the way! I remember watching your debt-free series and was genuinely shocked, but now, as I'm a few years older, they fill me with hope. (And don't mind me, I'll be rewatching that series as I build my wealth in 2024.) So, thank you Aja for not giving up 💖
Hi Aja! Love you content. Thank you for your generosity and transparency.
I definitely want to know more about hysa- I think it’s the next frontier for my husband and I. Do you have a dedicated video on this topic?
Nice to see another video from you.
Great tips! I use cash for all the items i overspend on. It's really helped me stay on track. I picked up a side-hustle job to pay down my car loan as fast as possible. I'm working 13 days on and 1 day off. It's tough but every bit helps to achieve my goal!
Happy to see you grow, Aja ❤
Hey love,
A few more strategies that could be implemented is minimize your bills as much as possible. I paid off my car, so I don't have a car payment. I change phone company. I went from T-Mobile to Mint Mobile, which I think are the same company now, but I went from paying over $120 month to $300 a year. I pay my car insurance every 6 months.
These tips are great! Can you include timestamps so it’s helpful to jump around or remember each tip?
timestamps added!
Aja your hair is soooo good here
Girl this dress u are wearing 😍🥰🔥
I highly agree about checking your accounts regularly. On two occasions I’ve had restaurants charge me more than I authorize. So any time I go to restaurants I pay in CASH. because I’ve had sneaky people try to increase/alter the tips and it’s very shady.
thanks Aja for another financial tip video. Can I aks what you use for HYSA that has buckets?
Ally
You can save in high yield saving account or in short term deposits to invest in shares and real estate when prices get cheaper as in 2008 and 2009...
Some do collect cans or plastics to factories to recycle. They can be collected in trucks...
Where do you have your savings? Those buckets are so helpful and I don’t have them now.
Can you do a video of financing a MBA degree out of pocket?
Thanks
Do buy more shares during market corrections or downs like that in 2020 ...Lower average cost of shares that you love ...
Aja - LOVE YOUR MONEY VIDEOS. Can you do a hair tutorial too? Pretty please?
yes! her hair looks great
Can you pls share link to your dress❤
Hi Aja! Can you please do a video about savings accounts for people in their 20s? I’m going to start graduate school soon and want to know how to start saving before I have basically little to no income. I’m overwhelmed with the different types of savings accounts like Roth IRA, traditional IRA, etc. thank you !
What app/HYSA do you use that has buckets?! So cool - mine doesn’t have that and would love it
I use capital one and you can open multiple savings for different categories. I think Aja uses Ally
mine is Ally
Not having a life is the greatest start…no shopping for wants, no dining out, no vacations, no entertainment like going out to movies …do that for 2-5 years , that will knock out your debt
That sounds miserable. That wouldn’t be sustainable. Have at least one fun outing every once in awhile
This may be true, but terrible advice for most people. The average person will fail at this strict plan and feel discouraged, and may give up entirely. Who wants to live miserably with no fun?
@@chelsea3177 those who are willing to sacrifice the short term for long term success. It’s just another option just like everything else in life one is willing to choose
What APP did you use to create the buckets? Also thank you Aja!!!
Ally
Some do produce soap with some herb oils to sell...
HSA is also great for saving for retirement if you have a HDHP.
Can you recommend a high yield savings account??
I like Ally
@AjaDang thank you!!
Ok but...top info please loll. Love that color on you!
Seconded!
www.aym-studio.com/ but looks like they aren't selling it anymore
💖
What bank/app do you use for buckets??
She uses Ally and so do I! They feature up to 30 buckets now 😊
@@lynninfinite omg thank youu!
Diversify across not only growth companies like Tesla , Nvidia and Spotify but also in dividend paying shares like Microsoft and Henkel ...
Some companies are well established and are dividend kings.
Hey Aja what’s a sep? In your buckets it had “2023 sep”.
I believe it’s a self employed pension but I’m not 100%
@@laurenwallis3319 thanks 😊
@@lee-13 yes, it's a Self Employed Pension
is ur hubby in the Jungkook music video w/ Usher?
he is.
wiiiild@@AjaDang
Diversify in stocks , bonds and real estate or projects so as to not put all your eggs in one basket...
This it totally off topic... you look like a mature version of my crush...
I’m an OG, but question, why are you wearing a ball gown to discuss finances?
Because she’s fabulous 💋💁🏻♀️
periodt.@@candy2325
Remember that time when you decided to move your entire lives to another state to save money on taxes probably because some people said you should and you ended up wasting so much money and time just to move back
A mistake but now we have renters and an investment property so it worked out
1st you Cloth wearing properly.. 😂
FIRST COMMENT AND FIRST LIKE : 🥇 hi Aja Dang it’s been a long time how are you? ❤🏆😘🥰💜🤩🩵💛😍🌟🏅🎖️
Hiiiii! Thanks for your support!