Next Level Life
How to Buy A House WITHOUT GOING BROKE | How Much Home Can I Afford | Real Estate Investing
updated
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Financial Independence Isn't All It's Cracked Up To Be...:
Today we examine an unfortunate (but very real) possibility... without properly planning and effort our golden years could fall well short of our expectations. We also discuss various techniques that you can use to help ensure that you don't find yourself living in that disappointing reality.
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SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
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PSA: Don't Let Optimal Become The Enemy of Successful:
Anything can be taken to an unhealthy extreme. And that includes the optimizations we make to our finances. Today, a friendly reminder to never let "optimal" get in the way of your long-term financial success.
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All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
๐ You Need A Budget (Excellent Budgeting Software) - youneedabudget.com
BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ฅ Wix (Alternative to Bluehost) - wixstats.com/?a=30171&c=2611&s1=
๐ง ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ
๐ท TubeBuddy (Grow Your Own YouTube Channel) - tubebuddy.com/NextLevelLife
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๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
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Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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The Best Financial Insights I've Ever Received:
Insights can come from just about anywhere. Today we go over a few of them and how they can be so helpful with our finances.
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All of my Book Summaries: goo.gl/xmWeaD
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๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
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GET YOUR FREE AUDIOBOOKS:
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Dollar Cost Averaging Is The Best Investing Strategy Ever Created (Here's Why):
Today we examine how dollar cost averaging helps regular investors reach long-term financial success.
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All of my Budgeting Videos: goo.gl/D3iiSn
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All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
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๐ My Favorite Books - thefinancialghost.com/books
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ฌ Patreon - patreon.com/NextLevelLife
๐ฌ Channel Members - Join this channel to get access to perks:
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START INVESTING FOR FREE:
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GET YOUR FREE AUDIOBOOKS:
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๐ My Favorite Books - thefinancialghost.com/books
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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Demystifying the Rent Vs Buy Debate With The SMORES Rule:
Today we discuss Ali Abdaal's SMORES framework for determining if renting or buying is right for you.
LINKS METIONED IN VIDEO:
Ali Abdaal's Original Video - youtube.com/watch?v=ngWZaSbw130&ab_channel=AliAbdaal
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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๐ท TubeBuddy (Grow Your Own YouTube Channel) - tubebuddy.com/NextLevelLife
๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
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OTHER RECOMMENDATIONS:
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
START INVESTING FOR FREE:
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
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The 3 Stages of Wealth Creation:
Today we discuss the 3 stages of wealth creation as laid out by author Scott Trench.
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All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
๐ฌ Channel Members - Join this channel to get access to perks:
youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ/join
GET YOUR FREE AUDIOBOOKS:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ง ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
Why These Investing Formulas Don't Work Like You Think:
Today we examine why investment valuation formulas have historically proved poor predictors of the market's future.
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WANT TO LEARN MORE ABOUT MONEY?
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
๐ You Need A Budget (Excellent Budgeting Software) - youneedabudget.com
BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ฅ Wix (Alternative to Bluehost) - wixstats.com/?a=30171&c=2611&s1=
๐ง ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ
๐ท TubeBuddy (Grow Your Own YouTube Channel) - tubebuddy.com/NextLevelLife
๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
๐โโ๏ธ Fiverr (Hire Freelancers to Help Scale Your Business) - track.fiverr.com/visit/?bta=51908&brand=fiverrcpa
๐ Grammarly (Free online Grammar Checker) - grammarly.go2cloud.org/aff_c?offer_id=182&aff_id=45298
OTHER RECOMMENDATIONS:
๐ Check Out My Merchandise (Shirts) - teespring.com/stores/next-level-life?aid=marketplace&tsmac=marketplace&tsmic=campaign
#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
๐ฌ Channel Members - Join this channel to get access to perks:
youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ/join
GET YOUR FREE AUDIOBOOKS:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ง ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ
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How Regular Rebalancing Generates Returns Out Of Thin Air (Seriously):
Regularly rebalancing your investments is important for risk-management purposes. That's common knowledge. But there's also another potential benefit... doing so can lead to superior returns as well. Today we discuss the factors that can lead to superior returns from regularly rebalanced portfolios.
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The Shocking Price of Certainty:
Certainty. It's one of the most elusive (and chased) aspects of personal finance. So I think its worth taking some time to examine just how potential costly certainty can be so that we can make more well-informed financial decisions surrounding how much uncertainty we're willing to put up with in any given aspect of our financial life in the future.
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What I've Learned About Investing For Retirement:
A video comparing the relative pros and cons of various retirement withdrawal strategies.
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How NOT to Choose Your Investments | When Backtesting Becomes Misleading:
Back testing, or the process of using historical data to vet investing strategies, is one of the most useful tools in our financial researching toolbelt. But just like with any tool, there's a right way to use it and a wrong way to use it. This week we look at a few ways that back tests can generate misleading results.
LINKS MENTIONED IN VIDEO:
Reddit Post On Unrealistic Backtest - reddit.com/r/RobinHood/comments/84oh86/1208248280_return_over_185_years_my_hobby_is
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Why the 4% Rule Probably Isn't Broken:
The 4% Rule is a rule of thumb popularized by retired financial adviser William Bengen and for the last 30 years it has been the standard bearer for retirement planning conversations. However, some have recently begun to call its validity into question given the current economic environment. Will the 4% rule hold up in an era of high valuations, high inflation, and low (but rising) interest rates?
Well nobody can truly predict the future, least of all meโฆ but if history is anything to go by I would say that the 4% rule is (probably) going to be just fine. After all, it was built to handle situations just like the ones we face today, if not worse.
Letโs talk about why the 4% rule (probably) isnโt dead yet.
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PSA: Wealth Is What You Don't See:
A regular reminder that there is a big difference between true wealth and the appearance of it.
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Future-Proof Your Retirement Plan With Robert Shiller's CAPE-Based Strategy:
Today we discuss a forward-looking way to minimize your risks in retirement inspired by economist and Yale Professor Robert Shiller known as the CAPE-Based withdrawal strategy.
LINKS MENTIONED IN VIDEO:
Robert Shiller's Yale website - http://www.econ.yale.edu/~shiller/data.htm
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How to Practically Guarantee Financial Success:
There are so many things you can do to assist yourself on the road to financial success from creating and sticking to a consistent budget, to paying off debts, and choosing the right investing and withdrawal strategies.
However, what if I told you that when it comes to achieving financial success there is really only one thing that you need to do? Would you believe me? Probably not. And thatโs totally understandable. Finance is often presented as this monolith of complexity, requiring years of study to understand properly. So having one simple thing be enough to virtually guarantee yourself financial success is pretty hard to believe.
But it's true. And today we discuss what that thing is and why it's so effective.
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One of Investing's BIGGEST Misconceptions:
I often come across statements about how a certain investment or asset is bad to hold due to its near-term future return prospects. And, while this may have some validity for the more active traders, for long-term buy and hold investors I don't believe this is all that important. Because what we ultimately care about is how our overall portfolio is going to perform, not how any individual piece within that portfolio is going to perform.
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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Making the Most of Your Savings With the Variable Percentage Strategy:
Today we discuss a way to maximize your savings created by members of the Bogleheads forums known as the variable percentage withdrawal strategy.
LINKS MENTIONED IN VIDEO:
Bogleheads Forum (Variable Percentage Strategy) - bogleheads.org/wiki/Variable_percentage_withdrawal
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
For those who don't know what the channel memberships feature is, here's a quick rundown:
Channel memberships are basically YouTube's way of allowing viewers to support creators that they enjoy following directly by contributing a certain amount of money to that creator's channel each month.
In return, those members will get access to certain perks offered by the creators they're supporting as long as they decide to remain members.
To start out, in addition to the membership badges that are common to all channel memberships on YouTube, I'll be offering things like priority replies to members' comments, early access to upcoming videos, members-only polls that'll allow you to vote on things related to the channel like topics for future videos, discounts on the channel's merchandise, and (of course) some exclusive videos for members.
Which perks you'll have access to will depend on the membership tier that you choose. If you're curious about which perks fall under which tier, click on that Join button underneath this video (or any other video on the channel) and see if any of the tiers pique your interest.
Most perks will be accessible on the channel's Community page which you can find by clicking on the name of my channel underneath this video and then clicking on the Community Tab near the top of the page.
With that being said I do want to make it clear that for those of you who don't choose to become channel members, nothing about the channel will change. I'll still be uploading the regular videos roughly every week just like before. And they'll still be covering the same kinds of topics.
The channel memberships are for those who want to support me and the message that I'm trying to get across on this channel directly while getting a few perks beyond the regular videos in return.
So if that's something that sounds valuable to you definitely click that Join button, browse the benefits, and (if after browsing them you decide that you want to move forward and become a channel member) pick the tier that seems most interesting to you.
If not, that's okay too. Like I said the videos will still be coming out like normal.
Take care!
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One of the Best Money Books I've Read This Year! | The Psychology of Money Summary:
Today I discuss 7 takeaway I got from reading "The Psychology of Money" by Morgan Housel.
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The ONLY Financial Number That REALLY Matters:
There are a lot of numbers and terminology that gets thrown around when discussing personal finance. And while it can all be very interesting (especially if youโre a money nerd like me!) not all of them are created equal. Some numbers and some topics are going to be a lot more important for you and your financial journey than others.
Perhaps the most important of all those numbers is your savings rate. Today Iโll discuss why.
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
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SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
GET YOUR FREE AUDIOBOOKS:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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LINKS MENTIONED IN VIDEO:
Why the First $100,000 is so Hard (And the Next Is Easy) (Chris Invests) - youtube.com/watch?v=21UZR4mrlOs&ab_channel=ChrisInvests
The Difference Between Saving 5% and 20% of Your Income (Erin Talks Money) - youtube.com/watch?v=0Vf50n4Uv6Y&ab_channel=ErinTalksMoney
How to Pay off Your Mortgage Early by 10 Years (TruFinancials) - youtube.com/watch?v=PNkJx9vZReU&ab_channel=TruFinancials
11 Money Traps to Avoid At All Costs (Budget Girl) - youtube.com/watch?v=dbIGI-YXIaY&ab_channel=BudgetGirl
Dealing With Investment FOMO (Plain Bagel) - youtube.com/watch?v=1DL1E5ACT8k&ab_channel=ThePlainBagel
5 Financial Videos I Wish Got More Attention:
We live in an age of near-limitless information. Which on the one hand is fantastic! We can (theoretically) learn anything we want to aboutโฆ well anything! On the other hand, with so much content and information to sift through it's inevitable that some things are going to slip through the cracks.
Today Iโm going to be going over 5 financial videos that I wish got more attention than they did.
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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#PersonalFinance #Wealth #Money
@Chris Invests @Erin Talks Money @TruFinancials @Budget Girl @The Plain Bagel
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
SUPPORT THESE VIDEOS:
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GET YOUR FREE AUDIOBOOKS:
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Make the Most of Your Savings With the 1/N Withdrawal Strategy:
One of the toughest nuts to crack when it comes to retirement planning is determining just how long you will need your money to last you, because at the end of the day few among us really know how long our lives will ultimately be. Therefore, we often (very understandably) tend to add an extra little dash of conservatism into our retirement withdrawal calculations.
However one strategy chucks this thought process out of the window entirely and YOLOs its way into one of the highest income generating capabilities of any strategy I've ever come across.
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All of my Budgeting Videos: goo.gl/D3iiSn
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All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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The COSTLIEST Financial Mistake You'll Ever Make:
Have you ever made a really big mistake financially? I have and it sucks! But if we aren't careful it could be much worse. Today we discuss one of the most insidious quirks of our psychology and how it relates to the costliest mistake we can make.
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Are You Being Financially Efficient?:
There are a lot of ways to measure financial progress. From watching the growth of your net worth over the years, to comparing your passive income with your ongoing expenses, and many others besides.
But measuring accumulated wealth and/or your income situation arenโt the only metrics that may be of interest to individual investors. One thing thatโs also interesting to look at is how much youโre making out of what you have earned. In other words, how efficient youโre being with your money.
Today we discuss a measurement that attempts to pinpoint how financially efficient you are.
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Why Replicability is the Most UNDERRATED Key to Financial Success:
We only live once. That's a fact that's been used to justify some pretty silly things in the past, but it is true. We only ever get one shot at it. So its important that we do things the right way. It may not always be sexy, but taking the surer road is often the best choice. And I believe it has become one of the most underrated qualities of financially successful individuals. Today we discuss why that is.
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A Safe and Sensible Way to Make the Most of Your Savings:
The 4% Rule is a great starting point for retirees trying to plan out their financial future. However, it is not without drawbacks. Foremost among them is its tendency to "leave money on the table" so to speak. Most strategies that correct for this tend to have wildly fluctuating income levels from year to year due to their desire to adjust their annual withdrawals based in part on the nest egg's present value. Today weโre going to discuss a simple, yet sensible, strategy that manages to find a happy medium between stronger income generating capabilities and minimal risk while remaining relatively easy to stick to.
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START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ฅ Wix (Alternative to Bluehost) - wixstats.com/?a=30171&c=2611&s1=
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#PersonalFinance #Wealth #Money
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LINKS MENTIONED IN VIDEO:
Ed McQuarrie website - http://www.edwardfmcquarrie.com/?p=579
Ed McQuarrie Research Studies - papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=340720
Meb Faber Interview w/Ed McQuarrie - mebfaber.com/2021/06/28/e324-edward-mcquarrie
Richard Sylla Data (Used by McQuarrie to help in his study) - eh.net/database/early-u-s-securities-prices
Inflation Data & Estimates - in2013dollars.com
Lessons From 200 Years of Stock Market History:
Thanks to the work of Ed McQuarrie we finally have a near complete record of stock market returns in the United States. Today we pour over the data to see what lessons can be learned from this new research.
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No You're Not The Next Warren Buffett (And Neither Am I) But That's Okay:
Warren Buffett is a financial icon. And with good reason. His investing success is nothing short of legendary.
He's also an anomaly. It's remarkably unlikely that you or I will ever be able to sustain the kind of returns that Buffett has managed to earn over his investing lifetime. It's also unlikely that we'll be investing actively for as long as he has.
But as much of a downer as that can be there is a silver lining. We still have a great deal within our control when it comes to building a highly successful financial future for ourselves. And if we focus on those things instead of chasing ever higher return figures we may be able to meet (or exceed) our goals after all!
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#PersonalFinance #Wealth #Money
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The SHOCKINGLY Simple Way Regular Investors (Sometimes) Beat the Market:
There are countless strategies that investors have come up with over the years to maximize their returns. And while none of them are foolproof measures to get the most out of your money (or even to beat the overall market), some of them have been surprisingly successful the majority of the time. Today we discuss one such strategy.
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Stocks Just Experienced Their Worst April In 50 Years... Here's What (Typically) Happens Next:
The stock market just experienced its worst April since 1970. Today we discuss how the markets typically respond to more drastic and sustained selloffs like we've experienced in 2022.
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Netflix Is Down 70%... Should You Buy It? | Buying the Dip On Single Stocks:
Netflix is down roughly 70% from the all-time highs it set in November 2021 and many investors are wondering whether they should be buying the dip. Today we look back at history to try and determine if buying the dip on an individual stock tends to be as reliable of a money-making play as it has historically been with index funds and whether or not it outperforms the benchmarks.
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The Aftermath of Interest Rate Hikes:
Today we examine how investments perform during periods of rising interest rates.
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How One of the Greatest Financial Wizards of the 20th Century Lost It All:
Irving Fisher is considered by many to be the greatest US economist of the 20th Century due in large part to his contributions to the fields of capital theory and modern monetary theory. But he was also much, much more than that. He was a highly successful businessman and writer, a renowned inventor, a professor at Yale University, and a stupendously successful investorโฆ until he lost it all.
Today we discuss how it happened and what we can do to ensure we don't meet the same fate.
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Perfecting the 4% Rule With Michael Kitces' Ratcheting Withdrawals Strategy:
Most market environments that retirees will experience will not be nearly as bad as the Great Depression or the stagflationary 1970s on which the traditional 4% rule was based. Therefore, most retirees who follow the rule of thumb will leave a lot of money on the table. To correct for this we can periodically ratchet up our retirement withdrawals when certain conditions are met. Today we discuss one of my favorite variations on the 4% rule known as the Ratcheting Withdrawal strategy.
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10 Simple Money Formulas Everyone NEEDS to Know:
The world of personal finance can seem overwhelming at times, especially for newcomers. Not only does it seem like thereโs a fancy new investment opportunity (or crisis) every other day, but even things that seem simple at first (such as how best to pay off a loan or what portion of your income should be saved) can get complicated pretty quick due to the personalization effect.
With that in mind, today weโre going to be going over 10 money formulas that I believe everyone should know in order to give you a better financial foundation to build from going forward.
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Not All Comparisons Should Be Apples to Apples:
In the world of financial planning itโs generally considered a best practice to keep all comparisons between different financial choices as equal and balanced as you realistically can. In other words, comparisons should be kept apples to apples whenever possible.
And in a lot of cases (in fact in the majority of cases) that is a good rule to abide by. However, every once in a while a situation comes along where an apples to oranges comparison (while unconventional) may be more apt. Today we talk about some of those situations and why they come about.
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How to Protect Your Money During A Market Crash:
One of the biggest selling points for actively managed investment funds has been the claim that because they are able to be more flexible with their investment choices they will be better able to protect investorโs money during economic hard times. However, now that we have a recent downturn to look back on did this theory hold true? Let's find out together.
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Make the Most of Your Money With the Periodic Reset Strategy:
The 4% rule popularized by retired financial advisor William Bengen has been the standard bearer for retirement withdrawal strategies since it was popularized in the 1990s. However, it tends to leave a lot of money on the table. Today we discuss a strategy that looks to address this issue in the Periodic Reset method.
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8 SHOCKINGLY Simple Ways to Live Rent and Mortgage FREE:
Shelter is one of, if not the, largest line items on most people's budgets. So if we could find a way to limit or eliminate these costs (even if only temporarily) it could completely change our financial trajectory. Today we discuss 8 ways people keep their shelter costs low.
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Here's the Problem With Inflation:
Inflation is a problem when it comes to planning out our financial future. And it's not an easy one to solve. Today we discuss the various ways of measuring inflation and why none of them adequately accomplish the goals of being both reasonably accurate and relevant to any individual person.
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Why Today Is Still (Likely) The Best Day to Start Investing:
Oftentimes in the investing world rumblings start to surface about how now is a bad time to be investing. Sometimes these rumblings have merit. But historically speaking most of the time they don't. Today we discuss a few reasons why despite higher valuations, low yields, and widespread economic uncertainty this is still (likely) one of the best times you'll have to start (or continue) investing.
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Make the Most of Your Money Using This Yale Endowment Strategy:
The Yale endowment is one of the most closely followed endowment funds in the world. And with good reason. It has been highly successful for decades. So what if we followed the principles laid out by the endowment in our own finances? Let's discuss the pros and cons of the Yale Endowment's withdrawal strategy.
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There's More Than Meets the Eye With This Investing Strategy | The Max FI Investing Strategy Explained:
The Max Financial Independence Investing Strategy has you split your investments up between small cap value stocks, bonds, and gold to produce a well-balanced portfolio capable of providing strong long-term growth while maintaining surprisingly high safe withdrawal rates. Today we examine its strengths and weaknesses in detail.
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Conquering the 6 Most Common Money Fears:
Today we go over the 6 most common fears people have with their money and how to overcome them in a healthy way.
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How Your Childhood (Still) Affects Your Money (And Why You Should Care):
Our finances are shaped by our behaviors and our choices. But our behaviors and choices are strongly influenced by the lessons we've learned in the past and how we see the world. And those qualities are developed in childhood. Today we examine how our financial past influences our financial present and future.
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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Answering Your 5 Most Common Money Questions:
Today we answer the 5 most common money questions I've been asked in the last 5 years of making personal financial videos.
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WANT TO LEARN MORE ABOUT MONEY?
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All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
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Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
START INVESTING FOR FREE:
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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5 Money Lessons I've Learned In 5 Years of Making Finance Videos:
Today we go over 5 of the biggest lessons I've learned over the past 5 years of creating personal finance videos.
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
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All of my Book Summaries: goo.gl/xmWeaD
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๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
START INVESTING FOR FREE:
๐ M1 Finance - m1finance.8bxp97.net/NextLevelLife
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๐ฌ Patreon - patreon.com/NextLevelLife
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
Use These Shockingly Effective Budgeting Tips to Save More Money | 7 Reasons We Overspend:
We all wish we could save more money, but sometimes its difficult to figure out how to do it. Today we discuss 7 different reasons why we might find ourselves overspending from time to time and what we can do to keep more money in our pockets.
LINKS MENTIONED IN VIDEO:
Why Everyone Should Try A Spending Cleanse Video - youtube.com/watch?v=sTPvxPEoMFU&ab_channel=NextLevelLife
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WANT TO LEARN MORE ABOUT MONEY?
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All of my Financial Independence & (Early) Retirement Videos: goo.gl/R5JU8E
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
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All of my Book Summaries: goo.gl/xmWeaD
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๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
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the simplest reason why stock picking (almost) never works...:
Stock picking can be incredibly tempting. And for good reason. If you get it right the rewards can be positively enormous. However, if things go awry (which statistically speaking they normally do for stock pickers) you can put yourself behind the eight-ball financially. Today we discuss the simplest reason why stock picking almost never works out over the long run.
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
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BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
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๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
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๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
๐โโ๏ธ Fiverr (Hire Freelancers to Help Scale Your Business) - track.fiverr.com/visit/?bta=51908&brand=fiverrcpa
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#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
SUPPORT THESE VIDEOS:
๐ฌ Patreon - patreon.com/NextLevelLife
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How to Budget In 5 Minutes Or Less:
The 5 Minute Budget is, as its name implies, a ridiculously fast way to get into the world of budgeting. But does it sacrifice effectiveness in pursuit of that lightning quick completion time? What are the strengths and weaknesses of the 5 Minute Budget? And who would it work best for? Thatโs what weโre going to be discussing today. Letโs talk about the 5 Minute Budget.
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All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
๐ฌ Patreon (Exclusive Content From Me) - patreon.com/NextLevelLife
๐ M1 Finance (Start Investing Today) - m1finance.8bxp97.net/NextLevelLife
๐ You Need A Budget (Excellent Budgeting Software) - youneedabudget.com
BOOKS & EDUCATIONAL RESOURCES:
๐ง Audible FREE Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
๐ My Favorite Books - thefinancialghost.com/books
๐บ Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife
START YOUR OWN SIDE HUSTLE:
๐ป Bluehost (Start Your Own Website) - bluehost.com/track/nextlevellife
๐ฅ Wix (Alternative to Bluehost) - wixstats.com/?a=30171&c=2611&s1=
๐ง ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ
๐ท TubeBuddy (Grow Your Own YouTube Channel) - tubebuddy.com/NextLevelLife
๐ฅ VidIQ (Alternative to TubeBuddy) - vidiq.com/#_l_1ra
๐ฎโโ๏ธ NordVPN (Protect Yourself & Your Business Online) - go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
๐โโ๏ธ Fiverr (Hire Freelancers to Help Scale Your Business) - track.fiverr.com/visit/?bta=51908&brand=fiverrcpa
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๐ Check Out My Merchandise (Shirts) - teespring.com/stores/next-level-life?aid=marketplace&tsmac=marketplace&tsmic=campaign
#PersonalFinance #Wealth #Money
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.


