Importance of Education
If you guys have tips or methods that you use that you find helpful, let me know please!
You spent 2.5k on YouTube? 😮
Wish my excel skill is as good as yours, you made it look so easy.
really like your vocal 💕
Love these short videos ur making so informative😘
Thank you for sharing very helpful
Nice book! Nice method!
OMG I do the same!
Even have a double entry bookkeeping system and automated scripts to get current currency conversions and portfolio value.
I spend so much time on this and it's so satisfying
You can use an app for that 🙂 I used Pennyworth
Can you do a skincare routine?
Yay! eating out:-) its ok if its cheap eats. Cooking for one is not cost effective unless you eat boring lol
I love this tutorial so much! i have like three different excel sheets that i've been using for the pastfive years but i think it's time to switch it up and i love how yours look!
A penny saved is still just a penny. Invest in yourself: education, high income skills… Buy assets, minimize liabilities. Oh and bitcoin is on the up and up. 😉
Great video Sherry.. Love how you’re talking about finances.. My dad made me read Rich dad poor dad back in high school but I learned more from my old manger and supervisor at my old job.. Now weekly I have my money automatically put in saving and my TSFA account plus at my work I got RRSP with company matching as well and I try to limit my spending and setting goals I want to save my money for like traveling but thank you so much for sharing this awesome video 👍😁
My next investment I'm thinking about is All-in-one ETFs. I do other investments too.. yeah, I wish people at a young age learnt how to make money while doing nothing 🙂
One way for lazy people: use 2 accounts. One for income and one for expenses. Every month move a fixed amount from income to expense (use ibanking standing instruction to automate it) and establish baseline of how much expenses you need. Start with maybe 60% of your salary if you're just starting out, and as you move up this should be less and less as percentage of your income.
Then use credit card or NETS for every single expenses where possible, most banks have exportable data / easy to copy-paste from i-banking. Use the expense account to pay for the bills. Use as little cash as possible so you have less to track manually.
After 3 months you should have a baseline of whether you're always exceeding budget or whether you can budget less for expenses and more for the next section. Refer to your credit card bill for the breakdown.
Save 3-6 months worth expenses based on your baseline into the income account.
Finally, put the rest into a combination of stocks depending on your risk profile – if you are just starting off, buying any stocks in the index basket of your local stock market is a good place to start, or get the related ETFs. Learn more about stocks and move on from there.
you inspire me sherry!
What do you work as ?
Always liked your confident voice!
This is so smart!! How much do you usually spend on eating out though?? Would love to know haha I like this tutorial!!
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