Hey everyone i'm jake and this is Money
Mondays it's the new year and that means
new year's resolutions and the most
common new year's resolutions people
have are getting in shape and that's why
you see gyms completely packed in the
beginning of the year but besides
getting in shape the most common new
year's resolution would be getting your
finances in shape and that means people
are trying to either save more money or
budget better or pay off a credit card
or pay off their house or car or
something like that so I want to do a
video about one; helping you get your new
year's resolutions in order. So if you
have money related new years resolution I
want to give you some advice on how to
accomplish that more effectively. But i
also want to share with you my new
year's resolutions. Now 2016 was a really
good year for Arbogast Advisers. We grew in
clients, and grew in assets under management we helped
a lot of people get their money in order
and pay off some debts we helped people
pay off cars and student loans and all
kinds of things like that and so that
was really good and I want to continue
that into 2017 I want to continue being
able to help with many Millennials and
young people who are struggling with
money as I can. And so there's two things i
want to do in 2017 as part of this
YouTube channel. To help reach more people
and provide more valuable advice to all of
my viewers. So the first one is I'm going to start an
interview series and i'm going to
interview financial professionals so I'll
interview someone who's in the mortgage
industry someone was in the insurance
industry a bunch of different financial
professionals about tips that they have
for things that you can do if you're
interacting with their industry so if
you're going to buy a home or you're
going to buy a new car you need to get
life insurance or homeowners insurance
or anything like that i'm also gonna
interview entrepreneurs and people who
started businesses because a lot of the people that
watch my youtube videos and that are
clients of mine are entrepreneurs and people
have started companies and plus we do
consulting for start-up companies. Part
of the interview series will be with
entrepreneurs and people started their
own businesses so you can get some good
takeaways for what they've done and
maybe some things that haven't gone well
and how they would have done it
differently and think a lot of good
advice that way. Now the second thing I
want to do is for Christmas i actually
got a bunch of new books and you can see
behind me the book shelf with you know a
lot of different finance books on there
and there's some entrepreneurship book
and I've read most of them except for
the brand new ones i got. And so for my
second new year's resolution my personal
New Year's resolution is to read more
and re-read some of the books that that I
haven't read in a while what I'm gonna
do is I'm gonna start a book review
series so it won't be part of Money
Mondays i'll still be part of this
YouTube channel be its own video series
of reviewing finance books and
entrepreneurship books and I'll take
notes on all the important points
when I
read the book and then i'll talk about
you know different points that someone
might want to take away from the book or
things that would help me in my business
and I'll do a review of a bunch of
different finance books too. Now if you
want me to review a book that you've
wanted to read or you're not sure if you
wanna read or not you want me to read
the first for you feel free to comment
in the comment section
below and I'll be happy to start reading
either finance entrepreneurship books so
anything related to that is totally fine
and fair game.
Comment below the book you want me to
read it for me to start on yours I'll
start on the one of the books in here
first and then after I finished that one
then I'll start hitting the ones that
are in the comments to so feel free to
comment below with any books you want to
read. Now to get to the point of this
video is New Year's resolutions so the
most common financial related news
resolutions that people have to be
saving more money like saving for
retirement or just having an emergency
fine or going to be paying off debts. You
know paying off your house your car
credit card anything like that so I want
to give some advice on how you can do
that more effectively and more
efficiently. Let's just say you're
saving money and it doesn't matter for
saving money for just a regular savings
account you want an emergency fund or
saving for retirement account anything
like that.
The first thing that everyone says and
that really is great advice for when
you're saving is to pay yourself first.
And so what that means is when you get a
paycheck you take out the money that
you're going to save first and put that
into a savings account and then live off
the rest. So if you want to take ten
percent of your income and put into a
savings account straight off the bat as
soon as you get paid. So let's say you make a
thousand dollars a month that's not you
know huge amount of money but you want
to save a hundred of that so you take a
hundred dollars 10-percent to take a
hundred dollars and put in savings
you have nine hundred dollars left for
the month and you're going to live off
of that for the month now the point to
pay yourself first is that you will
subconsciously adjust your lifestyle to
fit that payment because what happens is
if you don't pay yourself first let's
say you just take the whole amount you
live off it for the month, then at the end of
the month you want to save whatever's
left but what most people end up doing
is they'll see that they have so much
about money left towards the end of the
month and although i have i'm free to be
able to spend that because i have that
leftover and they're spending all of it
by the end of the month throughout of
money paying yourself first is the
number one way to do it if you're trying
to start an emergency fund a great way
to be able to save more is to have that
emergency fund at a different bank or a
different institution so you're not
tempted to this transfer over your
checking account. I mentioned that before
in the emergency fund this video which
I'll link to right here so if you want
to watch the emergency fund video
was a bunch of really good information
there about how to start and maintain an
emergency fund another tip to help save
more money is to use an app i'm a big fan
of financial apps to help people manage
their money more effectively and one of
my favorite apps to use is Acorns and
what they do is they round up your
spending and contribute that extra
amount into a savings account for you
and so what happens is you can link your
debit card and go spend money at you
know how's the clothing store or
something and let's say you paid fifty
dollars and forty cents. Well they'll round that
up to 51 dollars and that extra 60 cents
gets put into a savings account you do
that all day long and you spend you know
you go out to eat or you go to pay your
bills or you do whatever you want to do
and every time you spend money they'll
take the extra change, They'll round it up to
the nearest dollar, and they'll take that extra
change and putting the two savings
account that savings account is then
invested. There's other apps out there
that will do different types of savings, they
will do just regular savings account
with no interest or something like that
but for acorns they'll invest in
vanguard funds which are typically very
low fee and pretty safe now I haven't
reviewed all the possible funds
available in acorns so I don't know for
sure if all of them are good but the
ones that I chose for myself work well
for me you'll have to look on there to
see where that money is being invested
for your account which they list out on
the on the settings you can go and look
at what where you're from your money is
actually being invested and you can see if
that that's useful for you if you're not
sure if it's a good investment for you
contact us and we'll do a free review to
make sure that your portfolio works for
you for your personal situation so if
you want to save more money start
looking at some apps that can help you
do that if you need help getting your
financial affairs in order
feel free to contact Arbogast Advisers
because that's all we do is we help
people save more money pay off their
debts and we help people start
retirement accounts and that's a hundred
percent of our business. We focus on
helping younger people Millennials and
young professionals have people who just
graduated college or are just starting a
family that really wanna get their
financials of financial situation in order
so if your new year's resolution is to
get your money in order to contact us or
visit our website at Arbogast Advisers.com or
you can check out our other YouTube
videos at youtube.com/Arbogast Advisers
Thanks for watching
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