7 Things I QUIT To Simplify My Finances
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- čas přidán 30. 06. 2024
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'Dating multiple women at once sounds fun but it's not. Trust me, I know.' I see your humble flex.
Well, at least we know who's responsible for the dating crisis.
I'm not about that life now a days so I can't take credit for what's happening currently 😂
😂
With the car payment, I did the same thing. I was 25 when I paid off my car in 2004. I continued to drive that car and pay myself a car payment. In 2012, I paid cash for my next car with the money saved up, which I still drive today and continue the cycle. I haven't had a car payment in 20 years and don't plan on it ever again. I have the money saved up to purchase my next slightly used car when the time comes.
Good advise! 😅❤
Great advice! I saw your car investment account video a while back and decided to try it. I'm currently looking for the car I want, and I'll be paying cash. Executing the plan will be so satisfying. I can't wait!
"Learn by doing.." Voice of experience !
Good class/seminar, well done !
Not following the news is fantastic! Such a time saver.
Another strong video! Love the uploads whenever you get the chance! I'm sure it's gotta be tricky with a full time job as well, but you're stuff has stayed so high quality. Thanks for all the good stuff!
Appreciate it. Yea, I've been trying to hire and onboard a new editor for the past couple of weeks which has been messing with my upload schedule. It's a painful process but needs to be done to streamline the process.
Another smart piece of advise from my man..Always wait for your videos buddy.Lots of respect from India!!
“You’ll see him on TV, any given Sunday. Win the Superbowl and drive off in a Hyundai “
Making a "car payment or a house payment" when you don't have one is the best thing that we did.
Which bank do you use for your mini funds? Good idea to have the money moved automatically from the checking account.
19 years old just found your channel , i’m going to watch every video.
DCA works great if it comes at the same frequency as pay. I had a portion of each check direct deposited into my brokerage account and had a scheduled purchase of a total market index fund twice a month. It never sees my checking or savings account so I really don't pay attention to it and it is all automated. If you already have a sum to invest, just throw it in and let it ride.
Keep up the great work Jarrad 😁👌🏻
Hey Jared, curious do you earn commissiok through the affiliate links.
Mom tells me you’ve been behind in child support but we’ll let it slide for this great video thanks 😅
😂
No M1 finance credit card that earns rebates that auto invest in your pie? Some categories are pretty good. :)
I think if you are new to investing, there IS a psychological benefit to dollar cost averaging into your retirement accounts even if it has been mathematically proven that bulk investing into these yields better results more often. Once you have accumulated a significant amount of money, it may make sense to then start transitioning to bulk investing. This of course depends on so many factors like age, income, spending, risk tolerance, etc.
Great point. Thank you for sharing the additional commentary 👍
I only DCA cuz I aint got the bulk to dump it into the market. And for most people DCA is the only way to invest for that reason.
@@crazej213 I know a few people that bulk invested near the top of 2021 and had the whole idea of investing tainted because they took out most of their invested money while it was falling and haven't really invested much since. They have their money in a HYSA at least.
I think it depends on the amount. Are you talking about 1% of your invested assets? You are probably going to be comfortable lump sum that chunk in. But if you are talking adding 10X to your invested assets, doing that as a lump would scare me. The threshhold for someone is going to be in between those extremes, and it will almost certainly also vary depending on the person. I'm far from new to investing, but doing a lump of 10% of my invested assets would bother me. Maybe the amount I'm comfortable with is similar to the daily variance I'm accustomed to seeing?
I so get the "fun money" thing. I have a small online investment account that I treat and fuss over like a pet. That way I don't even think about the retirement accounts that are set on auto pilot mostly. I watch my "pet" grow, I watch it have babies "dividends", I hope it gets better when it's not feeing well... and I feed it.
Did you count the things 1 to 7? Me thinks that you read the things before swiftly elaborating them! You hurry to elaborate on them before we even read them!!
I hired a new editor and he's still getting the hang of what I'm looking for. This is one area I plan to have him improve upon. Appreciate the feedback 👍
@@JarradMorrow Thank you !
Wait, you don't dollar cost average anymore? How long do you wait in between to invest lump sums?
I do DCA every time I get paid, but I meant when I have a large chunk of money I lump sum invest instead of DCA'ing it like I used to
@@JarradMorrow Ahh, that makes more sense. I only ask because you have always suggested DCA. Keep up the great videos!
Man I was wondering what happened to Seth. I would like to know more.
He's a little hesitant to share too much publicly because those dudes are worth many millions of dollars and have lawyers on speed dial. Not worth him going into too much detail and open himself up to that sort of thing. Knowing what I know, I can tell you he got f*cked over by people who claimed to be his friend.
Same here. . He was the only voice of reason on that show
A "trash bill" is a thing?
😂 uhh yea. You don't pay for it?
Do I date multiple women in my Tax advantage account or my taxable account lol
Experience is a cruel teacher. Only after the test, do you kearn the lesson.
I think your account was hacked or are you sending out info to whatsapp? Didn’t think so
I've never used whatsapp in my life. Unfortunately this happens to all creators and there's nothing we can do about it. Too many of them out there to stop... it would be like playing a game of "whack a mole"
@@JarradMorrow Ive had 3 notifications, sorry this happens to you guys! Take care
First here🎉🎉
Free $10 for signing up for M1? Wow, how generous, let me sign up immediately…do people really fall for this BS?
Umm... Pretty sure you'd know if the market was up or down 50%.