Wealthy People Understand Money. If You Don't, Watch This
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- Опубликовано: 5 фев 2025
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In this video, we dive deep into why most people aren’t wealthy - it all comes down to not understanding money. Whether you're balancing your checkbook or just saving your income, understanding the true value of money is key to building wealth. From inflation to the devaluation of the dollar, we break down the importance of investing in hard assets that grow with inflation, like real estate, stocks, and even crypto.
We also explore the generational shift in money management, why hoarding cash isn't the path to wealth, and the importance of teaching your kids about financial literacy. You’ll learn how passive income, the concept of fiat currency, and understanding the true value of your time can transform your financial future.
Whether you’re new to wealth-building or looking to refine your financial strategy, this video will offer practical advice and insights to help you make smarter, more informed decisions about your money. Don’t forget to like, comment, and subscribe for more content on mastering money and building lasting wealth!Ken has a real estate strategies podcast! Follow your favorite platform each week.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Mr. Ken Will you ever work with the little guys in the future like something similar to Amazon?
Series 7 is ~$900
Series 65 is $175
Series 82 is $40
As of whenever I looked it up maybe 2 years ago or so.
I wont watch or subscribe to a channel that allows comments to be a launch pad for scammers luring people to fake financial advisors ... Police your Channel!!
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with “Judith Lynn Staufer” for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
Assets feed you, liabilities bleed you
The skill is understanding liabilities disguised as assets….
That should be on a t-shirt 👌👍
Wanna trade 10 minutes of watchtime or engagement simply comment under my videos
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
No doubt diversification cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
Assets feed you, liabilities eat you
-Robert Kyosaki
just reading rich add poor dad again.
He is $1.2 billion in debt! Yes with a B, billion.
We are being taxed on unrealized gains when we own our home. The county assesses property values higher based on inflation. RE taxes double and triple. Then insurance doubles and triples. ALL based on UNREALIZED GAINS due solely to inflation.
As a reasonably wealthy person….very simple. Buy quality, buy it once, don’t follow trends. Obtain intrinsic items only. Do opposite to everyone else….simple. Also use cash only, no debt, live below your means, fix your own car and personal home items.
I live in Canada….no inheritance tax too. I have done very well working two jobs for 26 years and retired early….now my investments and pension is far more than I need. 😀
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Miller for helping me achieve this
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
Our view on money comes from the adults in our lives.
I give my small kids an allowance broken in $1 bills. They have 3 buckets and a wallet. X% goes to give away, X% to Invest, X% goes to reserves/savings, and finally X% goes to their wallet for them to spend. They know they can only spend what they have in their wallet and they save from that to get their larger wants. They don’t ask for things in stores, they look at prices and curve their wants or save for then or ask for opportunities to make money. It has worked well for us. They get excited to see their investments grow. Yeah… had to hold Mattel for a while to teach them to own the company and buy the Barbie from her returns.
I don't think the masses are ignorant about how money works. It's a skill issue, not because they have a netflix sub and buy an expensive coffee once in a while. Some ppl just aren't good at learning new complex skills (that pay well). Most people work jobs that barely pay the bills and they are preoccupied with survival. It can be very hard for those people to break out of that.. even if you understand money and how to invest it, they simply do not have the surplus of money to get the ball rolling.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
You should always have emergency cash for living cost of 3-6 months
no
And money to move, should it become necessary, no-one wants to find themselves homeless unexpectedly.
Yes please: a show on inheritance!
Yep precious dollar theory developed in 2007-8-9 by Karl Denningers audience member - WAY before Brents Dollar milkshake theory - and it revolves around the euro dollar supply and demand, very complicated and it is indeed temporary initially
Denninger was my virtual mentor, since his blog start!!
Learned so ok much.
Only three things you can do with money: 1) Spend it. 2) Invest it. 3) Give it away.
4. Save it
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My CFA ’Stacy Lynn Staples’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
Thank you very much
Money is gold and silver. Real estate is down from 1,000 ounces of gold for a new house in 1971 to 235 ounces of gold for a new house today, down about 80% in a massive depression. Housing is up from $20,000 for a new house in 1964 in IOUs to $500,000 for a new house in IOUs in 2024. Real estate is the beneficiary of currency debasement, dishonest measures. One million dollars bought 50 new houses in 1964, now buys 2 new houses, one in California. Ken, gold tells the truth, IOUs lie.
Gold and Houses gained about 8 to 9% annually for the last 50 years.
@@naumanayub1348 Not really. The IOUs, dollars, were debased 8% to 9% a year for the past fifty years. Actually Dow was 18 ounces of gold in 1929 and still is in 2024. New house was 235 ounces of gold in 1933 and still is in 2024. All just an IOU debt bubble. The true intrinsic value of the IOUs is zero. Sad when we realize this.
Lmao a 20000 new house in 1964 was a 3/2 900 square feet shitbox also ..doesnt compare
Ken, appreciate your information. Can you help with all the NEW ways to finance with today's new real estate game, repost, tax leins, ect. Thanks
If, by chance, something happens to the banks or credit unions, what's the most effective way to have cash on hand, just in case?
Don’t hold too much cash because in ten years, etc. So a person holds some gold, bitcorn and some land. If I help my excess cash in Treasuries would I “break even”. Buffett holds his billions in excess cash in short term Treasuries. Does that make sense?
Money consciousness is key and includes living beneath your means while increasing your means. Means should be more and more from income producing assets that adjust for inflation.
The US went into Bankruptcy protection in 1971, and have been in a state of restructuring since. The problem is we haven't negotiated with our creditors, we simply cranked everything up to a 10, shoved our debt down other countries throats. I guess that worked before, but there are MAJOR competitors to the USD now, and all that debt is coming back home, which is a BIG problem for increasing US inflation (Hyperinflation maybe)
Exactly true
Very helpful Thank you for sharing this
Ken, i live in NC and shop at ALDIS a lot, spring water used to be $1.69 and has been $3.29 since Biden took office, naturally the fuel increases didn't help after he closed the pipeline. Water is something i can honestly say doubled, eggs are going up again too, i would say on average somewhere about 30% is a good number for increases.
8:00 What George is talking about is all part of Brent Johnson's Dollar Milkshake theory. We're actually seeing it in action right now. This is why in spite of higher than normal inflation happening domestically, prices abroad are falling in dollar terms. I've actually been taking advantage of this with arbitrage plays in Japan as the dollar sits at over 150 yen. On a side note, I ate lunch with Joseph Wang at Limitless 2023 and asked him about the dollar milkshake and he was saying that we were seeing the effects of it then.
Exactly!
Ken nailed it on what will happen to these inherited Boomer homes. Cars, trips, clothes, shiny stuff... definitely not real assets.
The point of BRICS is to remove the dollar as the currency of standard. What working class person can afford to buy let alone hold gold? What system of exchange other than the dollar do you recommend?
I like the coin of the realm constitutional 90% silver dimes, quarters, halves, Mercury dimes.. 🎉🎉
Very informative discussion on wealth.
Ken you are one of my go to guy. Read your books and I have to thank you for everything I learned. However I think the world is upset how the USA has treated the world in recent years...and not much regular US but corporate US. I have family down in Argentina, Uruguay, Portugal and Spain. They love the US to be here, not how our corporations treat them there. If that makes any sense.
This video is very informative. thanks for your video
I’m leaving all my money to my dogs and their dogs dogs. 🐕 😂
You said it’s better to have 100k equity than 100k cash. Well, I have both. Now what do I do with it?
In the 1950’s to the 1970’s America had the only complete industrial infrastructure vertical integrated, and the industrial belt from Milwaukee to New York City produced everything. The WWII had destroyed Japanese industrial infrastructure and Germany infrastructure, while Britain was economically bankrupt from the war, and France had most of its industrial infrastructure taken by Germany. The re-tooling of Europe and Japan during the 1950’s and 1960’s made both of these areas more efficient and cheaper. This led to the restructuring of Detroit in 1982 by the Federal Government helping GM, Chrysler and Ford. Fifty percent of the workforce was eliminated in the auto manufacturing industry and vehicles went from six miles per gallon to eighteen miles per gallon. Now, everyone wants forty miles per gallon of gasoline or electric. The change to LED lights has cut cost of lighting and the development of solar panels for homes is going improve the efficiency of homes. What is the efficiency of the apartments you have, and are homes becoming more efficient than renting? How do you see an energy efficient home cost with solar panels or wind turbines with battery storage versus the standard house? Do you have solar panels on your apartments?
How many times can the government tax the same dollar? It’s insane how much we pay in taxes we need to have an overhaul of our government taxation system
what if your house is a duplex that throws money at you every month? is that an asset?
Yes a duplex is an asset.
Real estate is only an asset if you bought before let's say late 90s -2000s or you own several paid for properties. With the rising cost of insurance, maintenance and property tax, there is no way that real estate is an appreciating asset for a young buyer or investor. Which is why you see more big apartment complex's being built than you see regular family sized homes being built. Becoming wealthy through real estate is becoming obsolete unless you are lucky enough to inherit a portfolio of properties
Hard for me to understand the dollar rating in value if the demand lessens and brics demand increasing.
This video is very informative, but it would be better if you talked about real money. Talk about Elizzarda; it's real money every day. What you're discussing doesn't seem as cool
Ken: Read the book “the ultimate gift” not the movie!
Where is a good place to purchase gold?
Stocks are BS too, because the companies dilute their shares all the time. When you dilute your outstanding shares, it is literally like printing money.
Yes but over time it matters little. Just buy stock and hold.
Not really true, a lot of companies do the exact opposite - share buybacks, which make your investments more valuable.
@HelloJamesBond share buyback doesnt mean share destruction. But yes share buyback does keep the stock price higher.
@@HelloJamesBond Some companies do both, buybacks and share dilution. So when a company dilutes their outstanding shares it is the same as printing money. You need to keep an eye on income statements every Quarter to see how much dilution is going on. Tesla for instance, did share dilution by a lot, that’s how they continue to operate and not go bankrupt, because when they run out of cash, they stealthily issue more shares and sell them at market value 🤷🏻♂️.
It would only be dilution if they created shares out of thin air. When a company goes public, they tell people how many shares they’re issuing and how many they’re holding. It’s a form of financing.
that's a precious content .. big thanks kenny
You guys are the best, best show out there.
George is looking at Dollar denominated loans in the euro market that causes a constant demand. If trade moves away from the dollar that's less dollars flowing out of the US to fund the payments. If people can't trade goods for dollars they will have to go to the FX markets and the hidden demand for dollars would go up.
thanks ken,
" For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs."
Best time to buy real estate is after a FINANCIAL CRUSH
Thanks You!!
I am admittedly in the top 5% and can tell you that it's not really what it is stacked up to be in the perceptions of a lot of people. I drive a toyota, eat healthy food and live in a nice house but it's not a castle. I spend about 25% of my monthly income on my cost of living expenses. It's really not how they make it look in the movies and on TV and people that try to live that way are going to end up broke if they aren't already. It will never make you feel better or happier just help you handle emergencies when they come up sometimes. That's all.
Same boat, but beyond the stress that financial security has removed from my life, wealth isn’t good for much outside of funding causes that you believe in or helping other people out
Use of BRICS increases supply of US dollars and lowers demand because less people will use it…wouldn’t that makes the dollar weaker
Euro dollar denominated loans cause a constant demand for dollars less trade in dollars will make supply drop
Most people don’t understand that money used to have the tenet that it’d preserve purchasing power. Then ya watch mikes channel and learn the difference between money and currency or fiat. The monetary system itself causes confusion. The euro dollar university channel claims that QE isn’t inflationary cause the velocity of currency is near zero trapped in the fed system between banks but others like mark moss argue there clearly a correlation between the feds balance sheet and the stock market. So even if it’s only psychological or the remarketed trickle down economics repackaged as the wealth effect some think that QE still has an effect. Then ya got Lacy hunt that has a paper that once debt to gdp is over like 80% or whatever every new dollar borrowed means the gdp growth is less than a dollar so it’s deflationary which may be the reason we have massive debt levels with inflation but there’s an overall deflationary force due to debt to GDP.
Sometimes there is a time to 'hoard' cash and cash equivalents. Who wants to invest heavily in depreciating assets at the beginning of a huge deflationary crash, if that's what you expect to happen? We may not be far from the worst deflation since the 1930's. Investments in bonds and notes that only have about 3 months to go until maturity and FRN's, which the Federal government has only been issuing in the last few years may be something to diversify into.
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Thanks you
Teach your kids.
Yah. Oooooookay. Nice theory. But my kid had his own ideas and they marry someone with even more different ideas.. and what the parents think is pretty much despised
Excellent and thanks for sharing today. Sharing post immediately
Please study- Wealthfactory and The Rockefeller’s method thanks
the thing is that paper in dollars is appreciating all over the world vs other currencies and with this amount risk on some investments in the market with a slowing economy investing gets lets attractive and more risker. So most people decide to wait, if the market is a reverse market then will be time to make money
Gold will always be valuable. It can be sold would wide... I want to learn how to get gold....
My father and uncle wrote paper currency of the USA and gold coins of the world. My uncle invented how numismatics are catalogued. All fiat currencies go to zero. Robert may have bought his gold in NY from my father. I have held the most valuable coin in American history in my hand, the brasher doubloon. My father owned, worth $15m today
Die with Zero and Rich Dad Poor Dad both had the biggest influence for me..
A hundred thousand in cash is better to have than a hundred thousand dollars tied up in home equity because you have quicker and easier access to LIQUIDITY when its in the form of cash. As for home appliances and carpeting they depreciate in value due to wear and tear, as for the lumber to build a house it's a given that its cost has already been factored in when the house was built, so it's not an "asset" as such that would have held its value. Think of it as used lumber like a used car. Truth be told, inflation destroys the value i.e. purchasing power of cash whether it's in physical or digital form, but being heavy in cash, especially physical cash during a high or very high inflationary environment is in most cases preferable, especially for meeting emergencies. Having to sell one's assets e.g. house, stocks, or take out a home equity loan or line of credit etc., because of having little or no cash is a bad option.
Didn’t the “S” once stand for Singapore? Is it So. Africa now?
No Singapore is an ally of the US. It is south Africa in brics but Saudi Arabia has also joined
@ awesome👍. Thanks for the clarification!
Why would dollar be in short supply if BRICS stopped using dollar? As always US can continue printing dollar if it is in short supply...
Why is Warren Buffet is in cash now? Is he wrong?
He's waiting for the crash and assets on sale...
the crash passed in 2020
@@anmolbrar1293 LOL
Brics don’t have a chance of replacing the dollar. But I agree you shouldn’t hold more cash than simple spending money. Index funds are a great long term tool to own companies passively.
I read a comment from someone who bought NVDA shares in 2016 based on Cramer's advice, which underscores the value of information and insight. I believe AI is on the verge of a new phase, and I plan to invest my $260k savings to capitalize on substantial gains.
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, AVGO, ANSS, and LRCX, my finacial advisor guidance was invaluable.
People often underestimate the importance of financial advisors. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $2 million portfolio, largely from early investments in AI and other growth stocks.
I have cash in the bank that I want to invest in the stock market, but I'm worried about choosing the wrong stocks. Could you refer me to your financial advisor?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "SONIA NUNES DEMELO for years and highly recommend her. Look her up to see if she meets your criteria.
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with SONIA NUNES DEMELO for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
8:00 I disagree with George about the dollar over the long term. Yes, the supply of dollars will decrease, but so will the demand. BRICS will cover over 3 billion people who will NOT be using thr dollar.
To hard to sell gold when you need to cash out
Any local good high end coin shop will snap em up almost always on the spot.
Based on supply and demand, If B.R.I.C.S. is successful then there would be more dollars not less dollars. So I hate to say that George is wrong but based on Supply and Demand there is more dollars 🤔
How many businesses don’t make it past the second generation? My grandfather ran a successful business and passed it on to his kids, or rather one of his kids who squandered it and ruined the business. Now there’s nothing for the third generation. I’m not bitter. I just am simply saying not everything makes it to the third generation. Sometimes you have to be the first generation to start things off.
Damn it ! Ken was getting ready to say specificlly what those few things are until you know who ( numero uno sidekick) interupted aka caught the ball before Ken dropped it. I guess thats what makes them a power couple 🕵️ 🧐👀🥺
Please do a show on inheritance!
It's not how much you make. It's how much you keep.
nah its how much you make
@dr.trollman8132 sure spend thrift. Lol. Good luck with that
The reason that the dollar will get stronger if BRICS make their own standard currency is that people will need dollars to pay off their debt in dollars.
Just look at Hungary after the war. Inflation on a level you cannot imagine. Nothing gets more expensive. The currency just gets less valuable. Most people don’t get this. By design.
Understanding money is NOT that difficult BUT most Americans would rather watch the Kardashians than understand the Dollar or finance. They would rather be entertained and complain about not having money/resources than they would study a topic and become intelligent about it.
You know what I don’t take pressure from nothing except my empty pocket
And you shall say Lord …., and I shall say depart from me for I know you not 🎯
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
It’s stronger now. Look at the UUP
I heard may people with money are waiting with a boat load of cash or bonds in order to cash in on the real estate debt crisis.
That's why you establish a trust fund
24:40 my ex told me a samrt thing "dedovina" (meaning what your grandfather owned) is not yours, it is your kid's. You role is to enlarge it and give it to them. Not to spend it.
The world would be a much better place if this mindset was the standard. My grandfather conned me into believing I would inherit his home after he remarried. I took over paying the insurance and taxes while renovating it myself. He never would sign over the deed and after I invested 10k into remodeling the house, he kicked me out. Most boomers today take advantage of the youth any way they can. The boomers were the luckiest generation of America and they are also the most selfish. Which is why I have zero sympathy for any boomer today that is broke. They had the best chance to get rich and squandered it
Not one currency has survived - including those on the gold standard
Money = accounting
It is NOTHING else.
I just found out I’m the 2% er of the country that has a million liquid. Wow maybe I need to slow down and look at what I have. I always feel broke.
Yess do one on the wealth transfer.
She has a very nice shirt.
I see what you did there 👀 😂
The turo kid is definitely not doing the insurance on the cars correctly. Will pretty much guarantee it.
I hope she’s in a great home not a greed 1
Just keep riding that real estate bubble pal. This is pure shinola you're pushing.
Shirt sleeves to shirt sleeves in 3 generations
Shout out to the female presenter....she's one of those people who get more attractive the more you look :)
Beautiful physique
So does religion and crooks
This is a commercial for NewBs.
We dumped our dollars. CBDC will be comming online to replace to the dollar in Trumps next term. Gold, silver, and my favorite Real Estate!
Did you not hear Trump say he will outlaw CBDC in the US?
That woman looks like Daffy Duck
The average person is not taught money or finance...stop blaming the average person.
It's a different time. Fiat vs Fiat , the US Dollar will never die, backed by the US military and the world's reserve currency..
US is being destroyed from inside. Military are not helpful.
There was a time when the sun never set on the British flag. There will be a time, when they say that about the US. Nothing lasts forever.
@ronlabe5487 Doubt it