Most People Suck at Managing Money | Why You Should Up Your Personal Finance Game a Few Levels - YouTube Rules For Rebels

It's no secret most people are horrible at managing money. We hear stats all the time about how 70% of Americans don't even have $1,000 in savings. Less than 4 out of 100 people are actually on the track to retire by age 65. Most Americans would be screwed if an unexpected $500 bill like a car repair or medical expense came up. We're definately living in a time where to many people it's important to keep up with the Jones's. Families of 2 and 3 people are buying 3,000 plus square foot homes they cant afford and don't even utilize the space. Everyone needs the new $1500 iPhone, even if that's darn near what their take home pay per month is. I definately think there's a good balance between being smart with money, and being so cheap or so frugal that you don't even allow yourself to enjoy life. That said to me money isn't about buying items or material things, it's about having security and having choices. I think so many of us just kind of drift through life spending our money til it's gone and then figuring out what to do as opposed to actually having a budget and having a plan for our money. I imagine many of you if you asked yourself, don't even know off the top of your head what your monthly nut is or what your monthly expenses are. It's very easy to see your paycheck gone and not really have a clue where it's gone unless you actually budget and track your money and pay attention to what your spending on. I had a couple incidents come up with friends recently regarding money and it's kind of what inspired me to make this video and encourage everyone to take their personal finances a bit more seriously. One other thing I want to do, I'm not trying to turn this channel into a personal finance channel by any means, but if your doing side hustles and Entrepreneurial stuff, which is what we often talk on this channel, what's the point if your just going to piss all the money away. Also if your being smart with your money you'll have that much more to invest into your businesses and ventures and grow even larger. In a follow up video Im going to be making a video that's going to be something along the lines of these 5 tips that can fit on an index card is all you'll ever need to know about personal finance to really break it down and make it really simple for you to improve your personal finance situation

Most People Suck at Managing Money | Why You Should Up Your Personal Finance Game a Few Levels - YouTube
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How-to & Style	Upload TimePublished on 22 Jan 2018