HOW TO BECOME FINANCIALLY FREE IN YOUR 20s | money mindset, passive income & investing for beginners
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- čas přidán 19. 05. 2024
- How you actually become rich in your 20s...
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If you’re reading this I’m praying for your abundance and blessings to show up. You deserve your best life.💗🙏🏼
I wish you the same! 🧡🧚🏼✨
Wishing you the sameeeee 💗
Wishing you the samee bestie
Wishing anyone who sees this the same
I wish more 4 u ~ 🤍
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
Oh, that sounds good.
So, who is this person and how do I reach out?
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
@@tahirisaid2693m hon bc
I was once Lola but now I’m ready to make more income instead of cutting off certain things I love purchasing
Funny how people still believe the only benefit from crypto is holding, trading is the real deal. I am happy i've started learning and earning from trading with Greg T. Martin Fx
Honestly me too! I see where Lola is coming from, but the mindset isn’t best for me personally.
watching her at 16 yrs old is the best choice I've made
EXACTLY 💯. I'm much older(21) and I regret not knowing her at your age. I swear I would have been amazing by now😢
i'm 14 and watching this bc my older sister sent it to me lmao
same
I’m 15 lol
SAME HERE! watching her at 16
Affirmations from the video ❤
1. I am financially abundant
2.Money flows into my life easily
3. I am aligned with the energy of wealth and abundance
4 .The more money I spend the more I have and receive
5. I am worthy of increasing my income
6. I release any negative financial energy
7. Everything I touch turns to gold
8. I am grateful for the ability to manifest money whenever I want it
9.Money chooses me always
10 .I have the power to be a financially successful person
you have to write it in your own way with context and words that align with you, so it is easier for your mind to conceptualize and create. To the people reading this comment.
Thank you!🫶🏾💜🫶🏾
I am responsible for financial self education and im choosing to change the way i think of earning and spending money.
Thank you love❤
as an artist i just want to put here that there are SOOO many ways to make money from your art (that aren't NFTs or just NSFW). coloring books, HD wallpapers, commissions, stickers, pagedolls, Vtuber models, PNGtuber models, the list goes on and on. dont let society tell you that we can't make money from our talents and passion
Hello, can you pls elaborate? I know I can somehow earn money as an artist but i dont know where to start.
Thanks honeyyy i feel motivated!
Girl, this video is incredible! As a 25 year old entrepreneur, this was so so helpful and motivating. Thank you for sharing, can't wait to keep getting after it!
So glad!
I am currently 16, I know how hard life is and I know this video is full of knowledge that will help me to conquer my limiting beliefs on the abundance of money. I want to be independent financially without asking money for my parents and help them pay with the bills. I want money for goodn
bro better start changing your mindset and start making money soon
Get at least 1,000 dollars saved up, and put it into a Certificate of Deposit (CD). Now, you’ll want to see what banks have a good Appreciation value (APY) for their CDs. For the sake of inflation, it has to be above 2%, cause that’s generally what I estimate inflation to be under normal circumstances. Once you put money into a CD you cannot touch it, or risk penalty charges.
Money will grow month by month in there, and do something called “compound interest”. Meaning, the money earned in interest gets its OWN interest. Banks have different rates for CDs depending on time. 9month, 12, 5, etc.. I’d go for a 9 month if it’s better than 12, but never do 5 because it doesn’t really get you anything even if interest is HUGE like 5%.
After the period is done, put another minimum of 1,000 in there. And use an online CD calculator (bankrate.com). For example, an APY of 4.50% for 9 months will only generate 1,000 during that time if you put 20-35k. Basing this off memory.
For the time that you’re a minor, I think this is worth it if you do it well. My mom hasn’t since I was an infant and that CD still has 2,000 and I’m 22. Use that 2% rule.
CD is zero risk, but if rates improve while your CD is active, you can’t change the APY already established.
Later on you can dabble in risky investments, but start off learning about zero risk, then low risk. Natural progression may be for you to open an IRA for early retirement, if you can pay it regularly. Never touch money you’re growing for CD unless it’s going into a retirement savings.
You’re in a good age right now you can shift your life the way you want it to go.
Thinking about this stuff early is already putting you in a better position. I wish I started early.
Iam 18
The wizard Liz is a mother and Tam kaur is a big sister , that I need in my Family ❤
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Olivia Sullivan financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.
This is a good recommendation my friend. My first experience with her gave me the assurance that has made me to invest without fear of loosing
Thanks for this tip, her website popped up on the first page immediately I searched her on the Google web. I read through her resume and it seems pretty tight so I dropped her a message hopefully she replies soon.
@@user-jl7bl6cs3gWow! That's amazing. I'm 24 and I want to start investing, but I have no idea where to start and I'm afraid to lose the money I have now. I would love to know where and how to start. Do you have any advice for me? 😊
Wow these AI bots are out of control conversing like this.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
And this is not the first time I am hearing of MRS Kendra and his exploits in the trading world but i had no idea on how to reach her, i have already lost enough of money since my retirement on binance trying to do it myself
WOW....Great to see someone who trades with KENDRA, i am currently on my 3rd trade with her and my portfolio has grown tremendously
Her management team is quite impressive so far.. with my $4k deposit I've made over $18k.
I got skeptical because I was cheated before but after giving her a try it was of no regret but my happiest moment was i made my first profit withdrawal. She's not like other broker
Meme coins and shit coins are disgusting and basically the masculine version of multilevel marketing. For every winner in gambling and pump and dumps, there has to be about 3-100 more losers funding their wins.
I just want to be blessed with money to bless those around me
😇❤️✨
Oh my god, I was literally crying a few minutes ago because I couldn't figure out how to get out of the financial hole I'm in, then I saw your video. I think it's a sign. Thank you🥺❤️
Great video. Im a huge Blcktken300 fan and love your videos on it.
I'm about to move out very soon and I've been preparing myself for it, finding financial education videos like this only makes me more motivated and excited to start this journey, I wish good luck and abundance to everyone that sees this. 🍀
man, the mindset that i have rn at 21 i wish i had when i was 17. at that age i was just focused on the wrong shit. now that im 21 i see things so differently now and how shit works. how a 9-5 is making bigger people richer, how school just make you go more into debt. but im gonna start now for the life that i want for myself !
Dont sweat that! I’m 27 and wish I had this mindset at 21. You’ll be amazing
@@VanessaTube1thank you so so much 🥹🫶🏼 i wish you nothing but success! 🙏🏽💕
Sis, you might be the most realest person I've found on this topic, when I tell you my ears were OPEN and LISTENING, wow. Thank you so much for this, I'm moving to a new state soon and I'm trying to mentally prepare myself for where I want to be financially and this video is helping me feel ready to get started.
You motivate me so much. I just graduated from the #1 art school in the US, and I’ve been wanting to set up a business selling my art, but there have been times where I’ve let my limiting beliefs get in the way of that. So I’m extremely grateful for your videos bc they’ve helped me realize that I don’t just have to sit back and watch others live out my dreams and make tons of money. I can make my dreams a reality. ❤❤❤
Exactly! No point in not trying, because you get the same result as if you tried and failed - nothing changes. Might as well try for that chance at making it big!
The universe 110% has my back because I’ve been living in the Lola mindset entirely as of late and really needed this video today as a reminder that I’m a badass queen at making money! Thank you so much for making a video around this topic and I couldn’t be more grateful finding your channel!
Aaaa this is gold thank you! Working through my relationship with money at 18 so I can live freely and happily and end generational poverty, youre an amazing role model for me ty 💛
Me too. I'm also 18. First million before 20 😍😍🥳
18 too! 🙊
@@hidayahhmed millionaire before 20 ok 👍🏽😉
@@lorena8108 yea ma’am 🫡 imma see y’all in first class
Hey can you please tell me how do you earning money??
I’m 19 & I already feel so behind so glad I found this now
Same, I’m gonna be 20 next yr and i feel so financially unprepared
Wtf. I'm 27 and broke af. Girls calm the down.
😂making 22 in July but as if an too late
Girl you are literally the angel who help us in every possible way!! Love you ❤️
Found your channel in the midst of my dark feminine recovery and stumbled upon your detachment video; I am very inspired by your energy and your work inspiring others. I noticed you have a beautiful way styling yourself with clothing, hair, and jewelry ect. I wanted to recommend making some videos in the future on the art of style? I certainly would love to watch and learn!
- best wishes
We appreciate your insights on this. Seems like every person out there needs to hear your advice.
the way this girl always comes out with a video relating to my specific concerns is mind blowing
YOU ARE MY FAVOURITE CZcamsR EVER THANK YOU SO MUCH!!!!!!!!!!!!!!
I have been struggling with a scarcity mindset and I really needed this, thank you sm Tam❤
Just came across your channel for the first time. The way you explain things... straight forward, transparent, not bs.... stunning! You're amazing!
The sheer amount of information you put into all of your videos is incredible and invaluable! I’m 31 years old and used to live in a literal shack (no bathroom, no lock, no water). I started my photography business 2 years ago but haven’t put the time into it because I was in survival mode. I spent my 20s traumatized, disabled, and impoverished. My 30s will not be the same. I am going from surviving to thriving. Thank you!
I wish you the best on your journey
You go girl!! Thriving is you nature ♡
Tam coming through with the amazing advice as usual. i needed this as a pick-me-up. thanks girly!
I've been watching finance videos for years and you hit on some of the key pillars others like to tiptoe around.
1. You can only budget what you have. If you don't make 50k (expendable), you can't save 50k. Eventually you just have to make more money.
2. Invest somehow. It's the only way to not trade time for money.
3. Treat yourself with stuff you ACTUALLY care about. If you love perfume, get one. But if you only kind of like home decor, keep shopping for furniture at Ross regardless of the influencers at CB2. That CB2 money is better spent on Ross AND your future.
4. It's okay to not get rich tomorrow. Retiring even a year early means a whole YEAR that you don't have to work. The sooner the better but don't get discouraged if you're not yet a 30 under 30 candidate
This video was so jammed packed with good advice and tips! Thank you! I’ve decided I am starting to be handle my money wisely and your video showed up on my feed! Yay!
By far this episode has been my favorite! I’ve also been increasing my financial literacy/knowledge for the last few months and it’s been such a game changer! As a Christian, money is never meant to be an issue and I’m so glad to hearing about it from one of my favorite people! 🙌🏾🙌🏾🙌🏾
I came for the title, and I stayed once I listening to the intro and saw the captions. Thank you so much for this content! I love the realness, break down of mindsets, and insight on limiting beliefs when it comes to money. It’s all behavior based! It’s hard when you have post-traumatic broke syndrome. But learning about financial literacy makes it all worth it.
You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA.
That’s some good values. sounds like you got something going for you
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
she has a pretty decent bio
Thank you for this video❤
I feel like such a Lola when it comes to handling finances but all thanks to you we're now moving to the next level ✨❤
Got me to move my money into a high yeild savings account... You are magic, girl!! Also I love your videos. My personal growth has been exponential because of you
that first line was just so powerful!
Yay!! You're amazing! I've literally been telling myself everyday for 2 weeks. "I'm going to be financially responsible" over and over again. Yet I was still spending money in places that were not necessary. Today on my lunch break I was looking up hot to set up a savings account for my kids and called my brother to ask his advice and he was like "dont even get a savings account; inflation is real and the interest rate isnt even enough to make it worth it." Then I typed How to be financially responsible into my CZcams.. && there you were ❤ showering me with motivation, knowledge, and all the words of encouragement i needed to hear! Thank you so much, you're a blessing🤑
Thanks for all these amazing tips Tam! I knew a lot of these but needed to be reminded. My goal for 2024 is to get a passive income source up and running, and finish paying off my student loans (less than 4K to go!). I have already begun investing and just increased my monthly amount. For years I’ve been using my credit card for all purchases and I just opened the account with my existing bank account so it is super easy to go online and I just pay it off every time I update my budget (usually every other week). I usually get about $50 cash back each month from my credit card - not a ton but it adds up and is literally free money just for paying for the stuff I’d be buying anyway with a different piece of plastic. Now I need to get smarter about what I do with that money!
So inspiring to see how hard you've been working and changed your life! Best wishes for everything in your future ✨
I was just watching your confidence and other videos again as I am going through a tough week myself and here you are. Thank you for all the life saving ideas and tips. Much love to you ❤️❤️❤️
Coz of you am able to wake up at 4:30 feeling like the mc of my life and making each day a productive day .. THANKS A LOT❤
You are the big sister Tam. This vd is much needed for us. Gonna work on the things you said. Can't wait to bcm financially independent. Lots and lots of love to you ♥️♥️♥️
yes investing is very important. everything is very expensive especially for ppl right out of high school or college! we need to be wise with our money so we can make more money while being in a job we like👍🏻
Tam! Your videos are so motivating and you as a person are so inspiring! I feel like you’re the big sister, that everyone needs 🧡✨ I just started this year with my CZcams channel! I was thinking about it for so long and I’m happy that I finally started it! You motivate me to do more things and become the best version of myself. Thank you a lot ☺️🫶🏼🌺
I am 19 tam. And I am leaning copywriting so that I can start earning at a young age. Hope we all will escape matrix 🤞❤
Ikr🥲 I'm proud of I'm 19 too
Hey I'm 19 too. Let's conquer financial freedom starting early.💫
Your from which country?
@@kerryiconPakistan.
@@mishalkhan9678hey can I have your insta Id i want to be friends with u if u dont mind... Im also a Pakistani... Will turn 19 soon
I declare abundance for everyone of us here guys!! 🙌Positive vibes to everybody!!❤
Absolutely loved this!🎉 im thirty & im so tired of being in the slump im in & im gonna do everything to get out of it. Not just for myself but for my kids 😊
Sameeeee!
You got it! 🤍
Tam, you are like my big siz that i run to whenever i need advice in any part of my life. Thank you for choosing this topic, it's like you read my mind coz i've been looking for ways i can make money.
OMG TYSM!!! i used to have lola's mindset but after this video my view's changed sm :)))
Thank you Tam, I really needed this video. New subscriber here. 👏🏾💯✨💕
I’m about to start nursing school full time I’m afraid I won’t have time to work so I seriously want to look into passive income 😭 thanks for this vid tam ily
So grateful for you Tam
Thank you for making this vid, Tam!! Love uu!
Tam, thank youu so much. Much needed❤❤
This is seriously changing my mindset. Loving this community so so much
Probably the best financial advice I’ve heard in a summary. I’ve heard a few things before but never thought about the down side of getting an extra job. This is good stuff thank you for sharing babe !
I have been listening to you since a month and been feeling so confident and abundant now! All thanks to you and your experiences! HOPE you grow every single day❤
Why do I want to cry every time she’s teaching us these things? Love the energy ❤️
TAM!
YOU ARE SUCH A SAVIOUR ISTG!
Not you literally came up with this video when I'm looking for nothing but passive income source...
Thankyou so so much ❤️✨
The last best time was 2 yrs ago the next best time is now
Ive watched so many videos about money and nothing compares to your videos, everything was really clear and i got soo much knowlage. You are a queen Tam
I really loved this video, it’s really changed my mindset completely. Thank you Tam.
This was an 11/10!! Thank you very much I am feeling very inspired from you I appreciate your wise, abundant words thank you ☺️🙌🏼
YOU'VE CHANGED MY LIFE QUEEN ❤❤❤
one of the Best out there: simple, direct and helpful advice ❤
thanku so much omg was literally looking for this
Btw, I swear EVERY TIME you post a video it’s relevant to something that I’m worried about at the time. Whenever I see Tam in my timeline, ik it’s a sign from the universe. 😂
Today is such an AMAZING day because three of my favorite manifesting youtubers have uploaded today and now Tam has uploaded!!! Alignment is Alignmenting!!!!
Who are the other two?
okay so you became my older sister that i’ve never had because your every video gives me soooo much and it just feels so great to consume your content. it gives me so much hope and positive bright vibes everyday and it improves my mindset and my mindset about setting my goals and being the best version of myself. THANK YOUUU
Tq so much sis🥺😇💕 it really changed my mindset and the way your honestly gives us your experience that's so great ✨ keep shining tam🤍 we love u
Thank you Tam! This is gold 🙌
We need a video of book recommendations from you and just what they’re each about so books for financial literacy, books for self improvement, etc 🙌🏽💖
I’m so glad that I found ur channel ❤️❤️❤️
“Everything is more expensive” nope, it’s just time to level up ⭐️💕👏🏽
Thanks girl! I needed this video today❤
Great video Tam! Could you please make a video on 'How to find yourself' . Much love
i only started my adolt life and it is what I needed to hear! I got what i needed
As an almost 37 year old woman I applaud you! Recently found your channel and use your content for motivation. Yes house repairs are so expensive and def home ownership is a liability 😂… I wish I knew about investing when I was a lot younger but it’s never too late to start 🙌 I hope all the younger ladies watching take note and action 💞💞
You’re the best! Thank you for spreading your amazing energy to the world
Agreed!!
these are concepts from "rich dad poor dad" made so clear ! thank you for sharing valuable info
I'm so grateful that I found your chanel today I feel like you expand my mentality. ✨🌷
Welcome!!✨💕
Love it. More videos on finances like this please ❤
Love this so much, Tam! Remotivated me to get back on track! To anyone reading this, you deserve all your desires ✨🙏
Your content has been a beacon of motivation, breaking through my limiting beliefs. It's not just about watching others live my dreams-I'm now empowered to turn those dreams into my reality and make a thriving business out of my passion.
So many good notes from this! Time to get started 🔥
Everyone needs to take a minute to admire how simply she presented this information to us. She makes it seem simple enough, that even if it's difficult to do it's worth trying
Well Said Mommaz! You Elevate my Mindset All The Time , through and Throuuughhhh 🎉
yes I watch your videos on repeat daily... whenever I feel I am going off track I start your video or spotify podcast
So helpful tam! Thank you ❤
So many good points! I too have never owned certain new items when they first came out like AirPods. I remember when I got my first & only set & I was excited, I remember someone saying “ oh, those are first GEN!” And I got them discounted on prime day two and I was proud about that! Even now the one ear piece has trouble charging but not getting rid of them and buying new just to throw money at something. Same goes for my iPhone I have never bought the current edition that’s out. I don’t see the point where I’ve always bought a refurbished one. Not a rich girl YET. I know one day I will get there. Thanks for all your content!
Girl! I seriously love and appreciate your energy, enthusiam and advice so much :)
Thanks a lot for making this video. I asked for this video sometime back; wasn't expecting to get it so soon! Love you
this is literally what I needed and been looking for. Thank you so much for sharing!
Our big sis teaching us relevant stuff again
It's really great how you summarized all the information in the video, and also Robert Kiyosaki's book is one of the best books to change an individual's mindset about money , thx for ur efforts ❤😊
I needed this and am so excited!! Thank you so much!!
always there at the right time, love u girl💞💞💞
This was a rich dad poor dad audiobook into a more today's example approach really enjoyed it ❤
Wow Tam! I haven’t been on CZcams in a while but I came back and watched this video. It’s like god wanted me to watch it! THANK YOU SO MUCH for this great advice. Everything you said here is valuable information. I was taught that sometimes a great advice is worth better than money. Your video was well worth watching and I truly want to thank you for your tips. May god multiply you with more for being a great person🙏🏻❤️
I needed this aloooootttt thnk you darlingggg 👀💋