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How I manage my personal finances as a minimalist.

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💬 Comments on the video
Author

I'm also a minimalist with my finaces; I have a minimal amount.

Author — Sam Witcombe

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Take it from Jay-Z, “if you can’t buy it twice, you can’t afford it”

Author — Gregório Kotzias

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I can already see Graham Stephan licking his chops after seeing the video title

Author — Elijah Orr

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I don't know why I keep watching these USA based finance videos when I live in a European country where we don't have things like college debt, 401k and credit scores.

Author — Álvaro N

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Basic personal finance:
✅ Don't spend money you don't have i.e. if you can't pay in cash you can't buy it
✅ Save a % of your income i.e. don't spend all you have
✅ Focus on making more money instead of living frugally
✅ Aim to have multiple sources of cash flow (at least 3)

Author — Sebastian Lopez

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At first I read “how I manage my personal fiancees”

Author — Francesco Schiavone

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There are only three things in life that are certain - taxes, death and Matt D'Avella posting high quality videos.

Author — Mariana Kaiser

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Matt D’Avella is more educational in life than high school.

Author — Onii- Chan

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I wish more youtubers would share their personal finances like Matt does. I’m also opening a vanguard Roth IRA

Author — Alejandro Aguilar

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How I organize my personal finances
?
My salary is 350$ a month
The bills cost me
150$
I don't have a bank account
Greetings from Belgrade
Serbia

Author — beast98 demon

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THAT PART. “Most people take out a credit card to buy things they can’t afford.”

Author — MR. ASMR BOY

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Getting to the point of debt free is one of the greatest accomplishments in your 20s. I'm close to paying off all of my high interest credit card debt and I have no other liabilities, really excited to have this burden taken off of my shoulders.

Author — Greg Talks Money

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Takeaway: *The leather jacket was worth it.*

Author — Sean Lei on Investing

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📒 Summary:

📕 1. Chase checking account:
Personal. He pays himself into this account and it's shared with Nat. No savings account, because the interest rates are so low.

📗 2. Chase Sapphire Credit Account:
Coffee, groceries, books, technology, travel, and eating out.
Keep in mind: The average American millennial has $48889 in personal credit. A simple rule to combat this: Don't spend more than you earn. "And you can't do that if you're spending money that you don't have."

📙 3. Vanguard Roth IRK:
Trusted investment company, lower than average fees. You pay tax now and when you retire the funds are tax-free. Go for Low-Cost Mutual Funds. Nothing has changed in terms of investments for Matt since the global pandemic - invest for the long run. There is about a $6000 limit.

📘4. Vanguard Individual 401k:
He opened this with his business. Largely low-cost mutual funds, invested in stocks. Takeaway: Start investing when you're young.

Truthfully: Matt doesn't consider himself an expert in personal finance. But it can't be perfect. You need to be honest with yourself, do the research, and figure out what's going to work for you. The personal satisfaction found in taking care of your personal finance is immense. Don't let the fear of doing the wrong thing prevent you from doing anything.

📒 Awesome!
I make similar videos to Matt's if you want to check them out. ☕️💻💪📈
Have a great day!

Author — Chris Barnard

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Is anyone else freaked out that Matt isn’t wearing a grey t-shirt?? 😱😱

Author — Jonathon Carpenter

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" I don't know anything about real estate. I don't have a high interest rate savings account. I don't have too many credit cards" graham stephan has entered the chat!

Author — Isaac Mijangos

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"Don't let the fear of doing the WRONG thing, prevent you from doing ANYTHING"
if that doesn't sum up perfectionist procrastination mindset idk what does

Edit: Didn't realize how many people relate with this. Something that helps is knowing nothing is perfect, perfect is subjective to the individual, you're competing with your own standards. So just start, fail, learn, that's what perfection really is. Not nailing it in one shot.

Author — Luckykuku

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This is the sleekest native advertisement I've seen in a while. Sneaky AF.

Author — Hakim

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*I have dreams of starting a business, working on making them a reality*

Author — Black Vito - Moneyology

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"I use my credit card for small and big purchases". Well that clears that up :p

Author — Awkward Atlas