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14 Facts About Money You Should Know by Age 30

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There are definitely certain things you can do that will lead to prosperity, but there are others that will bring you to financial disaster. If you want to sleep soundly at 50 because you practiced good money habits at 30, then you’ve come to the right place. TIMESTAMPS Kids are expensive 0:48 It's not embarrassing to ask for a promotion 2:15 It's more profitable to rent than own 4:04 Invest in your health and education 5:15 Don't invest in something you don't know well 5:42 Don't borrow to pay old debts 6:16 Stay connected with your friends 6:50 Buy good quality shoes and clothes 7:19 Avoid impulse purchases 7:50 Start saving money for old age now 8:19 Eat and cook at home 8:44 Put part of your salary into a savings account 9:27 Be on the same page with your significant other 10:05 Find a passive source of income 10:40 SUMMARY - Raising just one kid can drain your funds up to as much as a quarter of a million dollars! - If you've been working in the same position for more than 3 years, the time has come to make your way up the career ladder. - When you rent, you don’t have to spend money on maintenance, taxes, and sometimes not even on furniture. - It's important to take care of yourself, go on vacation at least once a year, get enough sleep, and eat the right foods. - Giving into strong emotions or impulses to invest in dubious projects can strip you of a lot of (if not all) your money. - Don’t take out a new loan in order to pay off an old one, and don’t borrow money from one friend so that you can pay back another. - Personal relationships are much more important than money. No amount of money is worth losing your friend over. - It's more cost-effective to spend more money on durable things because you’re not buying them again and again. - If you’re on a tight budget, impulse shopping will punch holes right through it. - If you save at least $20 to $50 a month, you’ll have a decent amount in your account when you’re elderly, which will make you feel more secure. - Next time you go to the grocery store, count up how much you spend on your food. - Anything can happen, and some things demand a lot of money from you. - Partners should be unanimous when it comes to financial questions. - Study the best ways to invest money and choose the one that suits you the most. Maybe we've missed something? If so, add your own advice on how to manage money more reasonably in the comments section! Subscribe to Bright Side : https://goo.gl/rQTJZz ---------------------------------------------------------------------------------------- Our Social Media: Facebook: https://www.facebook.com/brightside/ Instagram: https://www.instagram.com/brightgram/ SMART Youtube: https://goo.gl/JTfP6L 5-Minute Crafts Youtube: https://www.goo.gl/8JVmuC Have you ever seen a talking slime? Here he is – Slick Slime Sam: https://goo.gl/zarVZo ---------------------------------------------------------------------------------------- For more videos and articles visit: http://www.brightside.me/
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Text Comments (4623)
BRIGHT SIDE (6 months ago)
4:04 Surprising, right?
All Things Apple (3 days ago)
BRIGHT SIDE I found another one but I'm not going to say where it is so someone else can do it and have e a chance for this
All Things Apple (3 days ago)
durba - (9 days ago)
+J B still there won't be enough to buy in cash. House is too expensive
Jem Jem (15 days ago)
shamala patil (1 month ago)
And in the numbers
Mambwe Mwape (44 minutes ago)
In my country, 550 will get you a 3 - 4 bedroomed house with 2-3 baths! I've lived in london though... Bright side talking 3rd world money plans! That's why most can't relate
I leave in a cheap neighborhood and my mortgage is half of what people pay for rent. Your statement that renting saves money is not even close to accurate. Stop BSing people. Someone is going to actually listen to you and regret it. So take responsibility for what comes out of your mouth!
Diogo Ferreira (1 day ago)
What I pay in rent is the same I could be paying for two mortgages, just sayin’...
Kobby KariKari (1 day ago)
Hey I'm 19
Tullotoe Underfoot (2 days ago)
If you can find a magic investment that will guarantee your principle and 7% for 30years, why wouldn't I also invest in that magic investment and pay my much lower mortgage payment with the interest. At the end of 30 years (assuming no loss of principle, and your rent doesn't increase, because my mortgage won't) you will have $100,000 principle, and I will have the same $100,000 plus $100,000+ house (regardless of how little it has increased, it will have increased). Then, I have no mortgage payment, and can reinvest my 7%, and after 40 years, you still only have $100,000, and I now have very close to $200,000 and a house worth well over $100,000. There is no math that will support your hypothesis. The only legitimate argument against owning is how transient you need to be in today's market place. With telecommuting back on the rise, this is even a specious argument.
Pravesh Tiwari (2 days ago)
2:22 is this the first one? 4:02 second? 5:04 third?? and 11:01 the fourth? And i disagree on a lot of things.
battu tulu (2 days ago)
1. The whole banking system is "Fraud".
Łukasz Jerzy Jerzy (3 days ago)
11:04, 5:05, 4:03, 2:20
Lee Kenneth Pesigan (4 days ago)
You can end a friendship if your friend is toxic and reason is because of money.
Mudassir Kamran (5 days ago)
Nice video
Nitish Choudhary (6 days ago)
1st - 2:21 2nd - 4:03 3rd - 4:58 4th - 11:01
Marc G (6 days ago)
keep renting and i get your money, this video is made by idiots
Bert Shrock (6 days ago)
I will never love bingo.
Alex Mollov (6 days ago)
I used to get 8,55% interest/year in a 3 year USD deposit account but this was in Bulgaria 15 years ago and the inflation was like 2-3%...good times. In Romania at that time I had seen a 14% interest rate on deposits, they had about 4-5% inflation. Now in both countries the interest rates are 1-2-3% If Bright Side can tell me which country's banks offers 7% I will be very happy :)
violet dreamsss (8 days ago)
Thank you so much
Jennifer Reyes (8 days ago)
I love my bff when it came to spending I noticed she was saving and I wanted to spend wich starting becoming a problem I thought she didnt care to waiste a dollar on me
max barbosa05 (9 days ago)
Where’s he getting all these kids with money
Luv Life (10 days ago)
I will never buy a house again unless I become rich, we bought a house in 2015 for $135 nice three bed 2 bath finished basement huge backyard to only go completely broke because everything broke once we moved in...everything. In Michigan
Unnati Raj (11 days ago)
At 2:18 The first light bulb comes up. At 4:03 The second bulb comes up. 4:57 Third bulb At 11:01 4th bulb :)
DarinDmarkovic1 (11 days ago)
2:21 4:02 4:57 11:01
Lind95 MG (11 days ago)
These days owning your home can be a nightmare. It has it's advantages but it also comes with a hefty price and too many headaches. Renting is the way to go for me. If you need to move no worry, especially if you no longer can afford it or it's haunted.
Ngan Seng Chai (11 days ago)
Juancarlos Jimenez (12 days ago)
This video is designed for weak minded people, this video is sad. This guy talking has never made over 100,000 a year, he’s giving advice when he hasn’t been successful. I may sound like I’m hating hardcore but it’s the truth, a nobody giving financial advice. He’s got tips and tricks if you’re making 20,000 a year.
Boogey MANN (13 days ago)
Here's a tip: have rich parents who have lots of property so that you can live in it. My parents have 3 houses and I asked them to let ke live in one. Technically its still theirs but thats alot cheaper than having to rent or pay for property.
Boogey MANN (13 days ago)
In the Philippines you would most likely live in your parent's house,which was also the house of your grandma,and the home of their parents. Also your parents would happily pay for your education (depends on your kind of family though) and they would probably just be happy that their child graduated and they would usually throw a really big party. This is based from my experience with my own family and from the families of my friends. BTW I don't know if this applies to everyone here because most of my friends have families which include rich businessmen and Government officials. Soooo yeah.
Tahirie Tahiry (13 days ago)
What $100k house would be $500 a month??? In my area a house like that is at least $1100 a month to rent, and to own it is half of that a month.
MrZhefish (13 days ago)
7% intresst? no bank gives you 7%, you should be happy that you ain't paying for them to keep it. at least in EU it is that way. and if you invest it in stocks, substract also the cost for the commision to buy/sell stocks, constant monitoring and the risk involved. if you can and have a secure job, it is much wiser to invest it in property you like....
vf1rj (14 days ago)
Actually, if you rent, you do pay for cost of maintenance, tax and your share of the mortgage. Yes, they are not itemized, but in determining a tenant's rent, the homeowner will take into account the mortgage and the tax that he has to pay. Landlords will never rent out their property at a loss, they will factor in incidentals in determining your rent, plus of course their rental income on top of it. Generally speaking, it is a good rule of thumb to buy your house, provided that itnis within your price range and you do not over exert yourself. It only becomes a problem if you commit to buy a house that you can't afford.
Jem Jem (15 days ago)
Land Lord (16 days ago)
Wrong! How in the earth Landlords renting out then, charity???
Start stripping through college to have more money by the time you graduate🤙🏼👅
Mike Davis (18 days ago)
theeverythingpals (18 days ago)
:( I'm 11 and I got a sister to. My dad is poor because we have bills too pay! So I disagree with #14 and also... We live in a trailer on a basically private road (cause it's hidden) it's hard d we can't even own we have too rent!
Zakonlit (20 days ago)
What are you smoking? Rent is thrown away, no equity.... what kind of house can you rent for 550$?!
Cassandra Walker (20 days ago)
It's ok to have kids if you want them. Most women have a kid or 2 and do fine on their own maybe they could've been married and they go separate ways and the mother raises the child or children on her own with no help from a man and doesn't want any help. The man was the hard financial burden. You gain back and get more by cutting your losses and rebuilding on your own. Budget, and cook and instill these values in your child or children. Help your children become self sufficient because they need to be there for you 1 day. I love my little #1
Lorraine Magarian (20 days ago)
To Chris D. Mutial funds average 9.5 - 11%
NOUM (20 days ago)
That "save for old age" is a very bad advice because the 3% yearly inflation will decrease the value of your hard earned money every year you don't use it. Instead "invest" it, that way it will bring more money for your retirement
James Farmer (20 days ago)
It is another hit song .. I look forward for your next
Mark H. (22 days ago)
5:23 i hope this book is waterprof
Sherri Loy (23 days ago)
Well I found free $2134a money making system that is really working:(just go to) greatworks.club/?hRycX Great work...
In heaven's name: where are you finding a 7% return on _savings_?
Mr. J (25 days ago)
First bulb on the fact for asking promotion (in the board) 2nd bulb on the house in fact of rent(on the green color house) 3rd on the fact of friends N last one is in the last fact #brightside
James Odera (26 days ago)
James Odera (26 days ago)
James Odera (26 days ago)
lorraine cubillo (27 days ago)
well insurance company has 10% interest annually 😊
Jerome's Universe (27 days ago)
First 4 lightbulbs were between 31-33 seconds
Rebecca Petrovic (27 days ago)
Where the Fu** do you get 7% interest from a SAVINGS ACCOUNT... You'll be lucky to get 0.7%
Saifullah Hamid (29 days ago)
5:05 / 11:41 4:02 / 11:41 11:22 / 11:41
Romy Jugroo (29 days ago)
I'd much rather own my home whether it's profitable or not.
Amir Luna (29 days ago)
This is why one should not believe the internet.... $550 to rent a house??? where????
MultiSanchez1995 (29 days ago)
I’m 23. Saving 50 dollars a month x 52 years, assuming I will retire at 75, It will only leave me with 31,000 dollars. No where near enough to retire or even live.
Terence Jay (30 days ago)
There are so many inaccuracies in this video and others, I'm not watching any more Bright Side output.
Madison Cawthon (1 month ago)
I spotted the lightbulbs at 0:41
Sneha k (1 month ago)
I saw that bright side sign at 2:21 Second time 4:59
april joy orendain (1 month ago)
2:19 4:01 4:57 11:00
shamala patil (1 month ago)
One of the bulb on green house
Some Person (1 month ago)
Actually it's 100 times better to own, it's just better to rent if home prices are inflated like right now. I bought my condo 5 years ago, it's tripled in value and I pay $405 a month total on bills. Average price for a simular condo to rent in Denver? $1600. Here is a piece of advice, don't believe what a YouTube channel tells you. Research it yourself and make your own decisions.
Denis (1 month ago)
Man... Renting vs buying is the most controversial financial topic ever.
Long Shun Lynn (1 month ago)
This is the most ridiculous financial advice video I have ever watched.
Charles Kronberg (1 month ago)
Savings account with 7% interest. Where is this account out of?
benzen-via Case (1 month ago)
...contradiction on this clip with one I watched earlier on about rich/poor. Now, do I buy on sale day or not? do I buy expensive clothes or cheaps one? I don't know which is right to follow, coz both are interpreted as right!
Yves Garand (1 month ago)
i found 3 0f them
Schemy Guru (1 month ago)
Well everyone is saying that where there is a house in 100000$ and where we can get cheap rent as 550$. Well my friends he is not just talking about any one country, he is talking about other countries also. And also you can get a savings account with 9% interest in india or some other developing countries.
Vishwanath Shanbhag (1 month ago)
Kids are expensive ???? What kind of suggestions you are giving to society... Kids are valuables which we can't buy with money or the joy they give cannot be substituted by any other means
BigRex11 (1 month ago)
I don’t know anywhere you can rent a 100000 house for 500 a month and I live in Idaho one of the cheapest places to live
Buhlebuyeza James (1 month ago)
Where Does my money go into Cryptor?
IRFAN FAHIM (1 month ago)
Thank you sir , Uv just lit my eyes and i guess I should start practicing these habbits
Dipika Poudel (1 month ago)
All facts are truthfull, I like all
Average Atheist (1 month ago)
Your targe
Kent Frederick (1 month ago)
First, you don't ask for a promotion. You ask what are goals that you should accomplish, in order to be considered for a promotion. You want your boss to think you are motivated, but not out for his or her job. Second, if you feel that you need to move a lot, then renting is cheaper. If you plan to live in the same house for 30 or 40 years, then buying is cheaper. Plus, you can hang all the pictures you want and paint the walls any color without the wrath of the landlord. And landlords are far slower at repairs and renovations than you are.
M.Y. O'Hara-Smith (1 month ago)
What a sad way of life to walk on eggshells around a "boss" and all of these silly money games. Most people in the world cannot even think about vacations, etc.
Razi Kh (1 month ago)
2:22 on the board 4:03 on the dollar bill 5:00 in the house 11:01 first row of numbers
dragon vs29 (1 month ago)
2:22 on the bord, 4:57 in the front house in the middle, 10:59
Steven Young Ho (1 month ago)
This is some garbage content. Nice way to mislead people.
Ijob Browne (1 month ago)
number 13 light bulb
Devondra Appetey (1 month ago)
light bulb seen at 1;52am
Gamestar (1 month ago)
Best advice: Be single.
Boogey MANN (6 days ago)
+SWAC FAN we are not meant to be alone
SWAC FAN (6 days ago)
It's not good for man to be alone, but if you must you must. There's more women on the planet than men so...... if one does not fit, try try again. I love being married better than winning the lottery. A man that findeth a wife, finds a good thing. You can find that in Psalm. The law and the prophets ring true.
SWAC FAN (6 days ago)
+UnitedBaconNation no it doesn't marriage license and birth certificates are ways that the government gets into our pockets. When marriage was created by the Most High, he never stated anything in the Bible about a marriage license. We have been bamboozled in this country. That's why most of us are one paycheck away from being homeless while the top 1% are taking vacations around the world carefree.
Boogey MANN (13 days ago)
I am married but these problems don't apply to me. I live in my parent's house lol. My parents like grandchildren though,and they don't want to be alone.
UnitedBaconNation (15 days ago)
Not necessarily, marrying a person reduces taxes, and you have a combined income
Laura (1 month ago)
probably too late now but; 2:22 4:02 5:04 11:01 Have a nice day.
Veve Dehavilland (1 month ago)
I own my house and got it for free no payments why would i rent
Frozen Fire (1 month ago)
To make money you need money. Thats gonna be hard when the system you are born in is focused on getting you into debt 1st. Guess the people with more money knows how to make money with money too eh? lol
Francisc Antonio Simon (1 month ago)
Yeah, right, children are expensive.. I will give you two reasons why i disagree. 1. gypsies/imigrant 2. Claiming child benefits/all kinds of benefits and help they can get. They leave the country as slaves,begging for mercy and leaving in tents(which btw is cheeper than renting) and they turn back as kings and queens, having castles in Romania. #sick #iwantmycountryback
HereOrNot16 (1 month ago)
2:20 4:00 4:56 11:00
HereOrNot16 (1 month ago)
Not sure if it's a trick answer or not but I see many light bulbs at 0:52
Edwin van den Akker (1 month ago)
I rent my pro-cameras all the time. I don't have to pay for maintenance. I don't have to have all the different kinds of cameras the client want or the type of production demands. Also insurance is arranged... and with the deal I get with the rentals and price I can put on my invoice I can add a few $$$ on my day-price :-)
Omari Ahmed (1 month ago)
The 4 light bulb in 0:32
givemetoast (1 month ago)
They’re frugal mentality is why they’re billionaires.
Charlotte Austen (1 month ago)
0:38 I see 4 lightbulbs...
Charlotte Austen (1 month ago)
Charlotte Austen (1 month ago)
Charlotte Austen (1 month ago)
And 2:22 I see one
It's better to own a home in California.
Sunil (1 month ago)
The man who made the video muat be out of his mind. Which bank has offered 7% interest in savings account in the last 20 or 25 years?
Thanh Tùng Nguyễn (1 month ago)
Totally disagree with #12. When you buy a house, you paid money and the property is there on your possession. In contrast, when you rent a house, you paid money for your stay, then you have nothing after that. It's not more profitable in a rational way.
Jennifer Zook (1 month ago)
I've saved thousands by switching to why save for retirement when you can just avoid kids haha 😂
Mashiro V. (1 month ago)
Lol a 7% interest rate savings account. That's the best joke I've heard all year!
Henry Stallcup (1 month ago)
Light bulbs found! 2:22 4:02 4:58 11:02
Queen Jass (1 month ago)
🤨🧐 Suspicious. People, remember that JUST because it’s in the internet doesn’t make it true. Always do your own research.
Fatima C. Middleton (1 month ago)
And my significant other picked the same times.
Fatima C. Middleton (1 month ago)
Fatima C. Middleton (1 month ago)
Fatima C. Middleton (1 month ago)

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