Invest with Webull using this link and get FREE stocks with a total value of $34 to $12,000 Get 2 FREE stocks when you open an account Get 4 FREE stocks when you make your first deposit a.webull.com/i/ChrisInvests
Our bank approved us for $500k-$750k but we bought a home for $135k. Our realtor was constantly pushing us and everyone thought we were crazy, lying, or had some secret debt we weren't sharing. The "secret" was I had been a young, single mom with no job or earning potential, and I promised myself and my kids I'd never be in that position again. I insisted on buying a house that either of us could easily afford on our own. Smart decision! I ended up disabled and my husband is on hospice. Despite nobody in our house working for two years and crazy medical expenses, we don't have to worry about losing our home.
@@ChrisInvests well the truth of the matter is we never really could "afford" the range given. Not really. Sure, we could've paid the bill, but then what about upkeep? Living in nicer neighborhoods also equal "rich people stuff," like having to stain your fence every year per your HOA or paying for your kids' activities in a wealthier neighborhood. You might think "eh, well I don't care about keeping up with the Joneses," but a lot of these expenses are mandatory for participation. It's an ironic thing that it costs more to be poor (not being able to buy in bulk, late fees, debt, etc) but ALSO costs more to be "rich."
I agree! The true goal should be to become rich and just to look rich. There are a lot of rich people, which in plain sight can't be suspected to be rich, but it doesn't matter as long as they know they're doing good financially.
It takes a lot of discipline and sacrifice early on in life to become wealthy. Sadly that's exactly when most people fomo into spending beyond their means.
Agreed. The very first reason people are broke is because they don't know where their money is really going. Write down every month how much money you made and write down where every dollar you spend. Categorize those expenses on things like clothes, food, eating out, gasoline, electric, car repair, groceries, rent, house payment, insurance etc. Do this for a few months to see a pattern of excessive spending or waste. That's where you can cut back. Low income earners might have to find ways to earn more money. High income earners will need to cut the waste. Knowledge is power. Will is a choice. Don't choose to be poor and a slave to debt. The greatest feeling in the world is love. The second greatest feeling in the world is to be debt free. The feeling you get when you finally become a millionaire barely registers on the scale.
I agree with this! Keeping track of your spending is the best way to know where to cut down your expenses or at least, where to minimize your money allocation. Thanks for sharing this! I also hope to see your comments in some of my videos. All the best and see you around 😊
Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance profit and Intrest is 100% guaranteed.
l agree with you. I had a senior colleague at work who was living well but never had an Investment,unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk, profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Ryan J Thomas who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with his expertise and guidance, he has helped me make huge profit on my investment portfolio.
Oh its great to see someone who also benefit's from the services of Ryan J Thomas indeed it's a small world. He is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 10,100 usdwith him managing my portfolio.
Reasons people are broke 0:45 They buy things they don’t care about 1:44 They don’t try to increase their income 2:43 They spend too much money on housing 3:52 They drive too much car 4:59 They don’t know their income and expenses 5:51 They pay interest instead of earning it 6:51 They inflate their lifestyle 7:51 They think they deserve to overspend 8:33 Final notes
Well yes, but fuel costs a lot of money, so using your car less will save you money on fuel. This is part of a broader point that I would have added to the video: They take the expensive option too often. Fancy a nice meal? Rather than go to a restaurant, go to the supermarket and for less than half the price, you could buy yourself a stack of nice pre-prepared food and drink that only needs to be heated in the oven. Want to go to the beach? Instead of flying to a foreign country, take a trip to a beach location in your own country. Instead of driving to work every day, spend the cost of one tank of fuel on a bicycle and cycle to work. You'll save hundreds of miles worth of fuel every month. The car will also wear out more slowly, meaning fewer repair bills, and you might even pay less for insurance. Making these kinds of decisions regularly can save a lot of money.
The real reason is the country you are born in. Here in Romania the median income is @800$ per month. I can become "rich" for my country standards with 2000$ per month but will still be way under the US average. Still i will do my best
Your comments hit home. I have kept an apartment in San Francisco for years. Not only does the rent kill me but the California taxes. I should give it up..San Francisco has become a hell hole. However, instead of splurging..with extra money I buy great yielding stock, IBM, Abbie Vie, 3 M, etc.
Solid advices, thanks for sharing them! :) Maybe, the "drive too much" part can be a bit difficult, as sometimes, you have a well-paying, great workplace, but you have to drive over there daily. In this case, driving too much won't be a huge issue, but certainly, you have to consider what kind of car you drive.
If you spend more than you make, you'll always be broke. The two most obvious solutions are either make more money or spend less. The best thing to do is both. The most important thing to do though is spend the minimum because otherwise you'll just make more money and then be broke in a higher lifestyle.
I went to a baseball game recently and after paying $30 to park my car 🤬🤬🤬 I was thirsty so I thought I’d buy myself a beer. One beer cost $18!!! So I passed on that. However, there was a guy sitting a couple of rows in front of me who over the course of the game bought and consumed 6 beers, to the tune of $108!! I said to the friend I went to the game with, “that guy will never attain any real wealth or financial security if buying 6 beers at $18 each is any indication of how he manages his personal finances”. So many people are completely undisciplined about how they spend their money. Spending $108 on something that is WAY OVERPRICED to begin with and that he’s just going to literally flush down the toilet is just irresponsible in my book. Plus the fact I hope he didn’t drive himself home after consuming all that alcohol.
About 'over priced'. That is not always a healthy way to look at things. Personally, I also have a hard time to buy things with very large markup, BUT if there is value to that item in that location, then yes, I might. It's okay to make a budget even for entertainment. Given that, I've gut out almost all of that, no streaming, no cinema, no professional sports, etc because I don't put the same value on those items as the business owners do. On the other hand, I like to eat at a good restaurant once in a while which also clearly needs to have a high markup in order to break even and profit.
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom.
Track your spending with a financial booking app. It's great for getting a high level view of your finances and where your money is going. Give yourself a year end or quarterly review on your habits. Pick out the subscriptions you never use. Too much dining out. Etc.
I agree! There's no better way than knowing where your every penny is going, just so you know where you're overspending and where you need to cut down expenses 💯
Getting money is an issue that everyone has in order to live a better and more luxurious life. Life was difficult for me until I began trading stocks, and now I'm earning a lot of money even with the current crash happening in the trading market, I still make lots of gains using a better strategy.
Every financial goal requires patience, dedication and consistent spirit knowing that trading/investment is currently the most lucrative business in the world, both Stocks, Real estate and Crypto shares are really positively changing people's lives. All this i learnt through my financial adviser Williams T. Kevin.
I think it's a problem in the U.S. that you have to work so much just to live a decent life. Generally, in Europe you can earn a decen living (not rich) and can enjoy life instead of just working.
I’ve always lived within my means and hate owing money. I could afford a bigger house and smarter, newer car, but I choose not to, since I know the novelty would wear off and I’d end up worse off financially. My biggest financial mistake was investing in the stock market last year when everything was over-valued, and I’m currently some 10k down on my investments on paper, but I haven’t sold my shares and can wait…hopefully the markets recover in the next few years and I can at least break even…let’s see.
I kept on laughing as I watch the vid because I know so many people who are like this. I made the change not to be broke again after losing everything in the 2008 financial crisis and had to rebuild everything from rock bottom. As of now, I splurge on investing in assets, not liabilities because its like crack.
@@ChrisInvests Blaming behavior is not bad but people who don't have cash generating assets will remain broke. Even as a RUclipsr you know income is where most wealth is created!!!! I don't blame you thought its easy to blame behavior and ignore other factors!!!!!!!!
That's the real metanoia and I wish you all the best in life and I hope that you will be financially stable and do well financially. I hope to hear your thoughts on some of my videos too. See you around 😊
i make 18k/year before taxes (yay min wage) i'm poor because i don't make enough to do otherwise. I could spend 0/year and still never be wealthy in my life time
That is not actually true. If you could spend $0 per year and invest your salary in an index fund you would be quite wealthy in a matter of years. However this situation is impractical because you can’t spend $0 per year. Accumulating wealth is actually a fairly simple equation. There is how much you make and how much you keep. If you want to be wealthy, you should attempt to maximize both of these. How much you make is an important part of the equation because it limits how much you can keep. It is impossible save $20,000 a year if you make $18,000. Additionally people have a fixed and variable spend level. You have to make enough to have leftover after these fixed expenses in order to have a chance to save anything. It looks like this is where you are currently limited and you should take steps to increase your income. How much you keep is what truly makes you wealthy. Let’s imagine and I both made $100,000 but I went out and spent $99,000 while you only spent $20,000. You kept $80,000 and I kept $1,000. You are wealthier even though we made the same amount of money. This may sound silly but people of all income levels find a way to blow their money. The best example of this is lottery winners. The first thing they do is spend, spend, spend, only saving a fixed percentage (what is left). Who is wealthier, the lottery winner who spent nothing or the lottery winner who bought himself a Ferrari, 3 Rolexes, a new wardrobe, a new truck, a Jeep, a mercedes, a large house, and a whole bunch of other useless stuff? Eventually “what you own ends up owning you” and the lottery winner with more cars than he can drive (and not enough set aside to pay for it all for the rest of his life) will learn this very quickly. So making $18,000 and saving every penny you would be left wealthier than an investment banker who made $110,000 but only saved $1,000 per month. In the long run this makes a massive difference in your wealth because what you keep can be used to buy assets. Investing what you keep intelligently in the stock market makes it easier to hold onto, and allows it to grow and collect compound interest. The easiest way to do this is dollar cost averaging into an index fund. Buying individual companies requires more intricate knowledge of businesses and the stock market and what you don’t know you don’t know could easily lead to loss of capital.
Idk what the opportunities are around where you are but in most places I’ve looked at in the US it’s possible to get a job paying 2x minimum wage without specialized skills requiring studying. My best friend started working just above minimum wage about 3 years ago and has continued swapping around jobs and working part time at places to try them out. He is just now hitting about 2.5x min wage working at a restaurant chain. That being said as others mentioned probably the fastest way to increase income is to pick a skill that pays and interests you and learn it either on your own or with some kind of education program. I worked a minimum wage job, followed by a job paying about 1.5x minimum wage, but was studying programming and now after working less than a year in that make several times more than what I have to spend to get by.
@@z7sk have a bachelor's degree that i did a year of homeless, and 25,000 miles on a pedal bicycle over 5 years. Didn't get into grad school. jobs that dont' pay well don't want you because they know you will leave as soon as something relevant to your degree wants you. So it's yeah it's been 8 years since you graduated and you have no relevant expereince for jobs for my degree Without it's if you use your degree, they don't see you as a long term employee, so no thanks. The min wage jobs I get, I get them because i specially don't list my degree when applying
I'm broke because the wall street I mean that's who Corporate America is concerned about pleasing the most and America ain't a country anymore it's a corporation
Invest with Webull using this link and get FREE stocks with a total value of $34 to $12,000
Get 2 FREE stocks when you open an account
Get 4 FREE stocks when you make your first deposit
a.webull.com/i/ChrisInvests
Our bank approved us for $500k-$750k but we bought a home for $135k. Our realtor was constantly pushing us and everyone thought we were crazy, lying, or had some secret debt we weren't sharing. The "secret" was I had been a young, single mom with no job or earning potential, and I promised myself and my kids I'd never be in that position again. I insisted on buying a house that either of us could easily afford on our own. Smart decision! I ended up disabled and my husband is on hospice. Despite nobody in our house working for two years and crazy medical expenses, we don't have to worry about losing our home.
Wow, that's discipline! Thanks for sharing...hope all is well.
@@ChrisInvests well the truth of the matter is we never really could "afford" the range given. Not really. Sure, we could've paid the bill, but then what about upkeep? Living in nicer neighborhoods also equal "rich people stuff," like having to stain your fence every year per your HOA or paying for your kids' activities in a wealthier neighborhood. You might think "eh, well I don't care about keeping up with the Joneses," but a lot of these expenses are mandatory for participation. It's an ironic thing that it costs more to be poor (not being able to buy in bulk, late fees, debt, etc) but ALSO costs more to be "rich."
I made ALL of these mistakes when I was young. I hope more younger people watch this video and follow the advice.
I'm glad it was relatable! Thanks for watching.
The secret is to focus on actually becoming rich, and not just looking rich. Your videos are so well done!
I agree! The true goal should be to become rich and just to look rich. There are a lot of rich people, which in plain sight can't be suspected to be rich, but it doesn't matter as long as they know they're doing good financially.
It takes a lot of discipline and sacrifice early on in life to become wealthy. Sadly that's exactly when most people fomo into spending beyond their means.
Agreed.
The very first reason people are broke is because they don't know where their money is really going.
Write down every month how much money you made and write down where every dollar you spend. Categorize those expenses on things like clothes, food, eating out, gasoline, electric, car repair, groceries, rent, house payment, insurance etc.
Do this for a few months to see a pattern of excessive spending or waste. That's where you can cut back.
Low income earners might have to find ways to earn more money.
High income earners will need to cut the waste.
Knowledge is power. Will is a choice. Don't choose to be poor and a slave to debt.
The greatest feeling in the world is love.
The second greatest feeling in the world is to be debt free.
The feeling you get when you finally become a millionaire barely registers on the scale.
I agree with this! Keeping track of your spending is the best way to know where to cut down your expenses or at least, where to minimize your money allocation. Thanks for sharing this! I also hope to see your comments in some of my videos. All the best and see you around 😊
Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance profit and Intrest is 100% guaranteed.
l agree with you. I had a senior colleague at work who was living well but never had an Investment,unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income
Investing is a prior decision to make for the
future. If you are seeing this and don't have an
investment, please do make plans to invest so
you don't end up like my senior colleague at
work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk, profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Ryan J Thomas who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with his expertise and guidance, he has helped me make huge profit on my investment portfolio.
Oh its great to see someone who
also benefit's from the services of Ryan J Thomas indeed it's a small world. He is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 10,100 usdwith him managing my portfolio.
Reasons people are broke
0:45 They buy things they don’t care about
1:44 They don’t try to increase their income
2:43 They spend too much money on housing
3:52 They drive too much car
4:59 They don’t know their income and expenses
5:51 They pay interest instead of earning it
6:51 They inflate their lifestyle
7:51 They think they deserve to overspend
8:33 Final notes
Excellent information!!!
What gets under my skin is that the car is only being used 1h per day. So that capital is sitting idle the rest 23h!
Good point!
bring on the tesla robotaxi!
Well yes, but fuel costs a lot of money, so using your car less will save you money on fuel. This is part of a broader point that I would have added to the video: They take the expensive option too often. Fancy a nice meal? Rather than go to a restaurant, go to the supermarket and for less than half the price, you could buy yourself a stack of nice pre-prepared food and drink that only needs to be heated in the oven. Want to go to the beach? Instead of flying to a foreign country, take a trip to a beach location in your own country. Instead of driving to work every day, spend the cost of one tank of fuel on a bicycle and cycle to work. You'll save hundreds of miles worth of fuel every month. The car will also wear out more slowly, meaning fewer repair bills, and you might even pay less for insurance. Making these kinds of decisions regularly can save a lot of money.
The real reason is the country you are born in. Here in Romania the median income is @800$ per month. I can become "rich" for my country standards with 2000$ per month but will still be way under the US average. Still i will do my best
That sucks , I net more than that most of my working weeks 😕
from turkey, minimum wage is 245 dollar . inflation is over 50 percent. how can i get rich?
Your rich according to what it buys in your country. Don’t look at America if you live in Romania.
@@mertyesilgoren6043 invest in crypto or gold
@@andrewfallon2719 ahh that makes sense
Your comments hit home. I have kept an apartment in San Francisco for years. Not only does the rent kill me but the California taxes. I should give it up..San Francisco has become a hell hole. However, instead of splurging..with extra money I buy great yielding stock, IBM, Abbie Vie, 3 M, etc.
Glad you were able to relate...thanks for watching!
You sir make damm fine video’s! 👍🏻
Solid advices, thanks for sharing them! :) Maybe, the "drive too much" part can be a bit difficult, as sometimes, you have a well-paying, great workplace, but you have to drive over there daily. In this case, driving too much won't be a huge issue, but certainly, you have to consider what kind of car you drive.
Yes, what I meant was driving too expensive of a car 😁
If you spend more than you make, you'll always be broke. The two most obvious solutions are either make more money or spend less. The best thing to do is both.
The most important thing to do though is spend the minimum because otherwise you'll just make more money and then be broke in a higher lifestyle.
I went to a baseball game recently and after paying $30 to park my car 🤬🤬🤬 I was thirsty so I thought I’d buy myself a beer. One beer cost $18!!! So I passed on that.
However, there was a guy sitting a couple of rows in front of me who over the course of the game bought and consumed 6 beers, to the tune of $108!!
I said to the friend I went to the game with, “that guy will never attain any real wealth or financial security if buying 6 beers at $18 each is any indication of how he manages his personal finances”.
So many people are completely undisciplined about how they spend their money. Spending $108 on something that is WAY OVERPRICED to begin with and that he’s just going to literally flush down the toilet is just irresponsible in my book.
Plus the fact I hope he didn’t drive himself home after consuming all that alcohol.
About 'over priced'. That is not always a healthy way to look at things. Personally, I also have a hard time to buy things with very large markup, BUT if there is value to that item in that location, then yes, I might. It's okay to make a budget even for entertainment. Given that, I've gut out almost all of that, no streaming, no cinema, no professional sports, etc because I don't put the same value on those items as the business owners do. On the other hand, I like to eat at a good restaurant once in a while which also clearly needs to have a high markup in order to break even and profit.
The guy probably has a disposable income
...just because you can't afford beer doesn't mean noone else can...
@@dericanslum1696 : I can afford beer just fine.
But I’m not going to spend $108 on beer at a baseball game. That just a foolish waste of money.
@@bdflatlander ...that may be so but the point remains that just because you can't afford it at that rate doesn't mean someone else can't...
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom.
Stephanie Kopp Meeks , That's whom i work with.!!
You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Thanks so much I was able to find her page and I already leave her a message.
Track your spending with a financial booking app. It's great for getting a high level view of your finances and where your money is going. Give yourself a year end or quarterly review on your habits. Pick out the subscriptions you never use. Too much dining out. Etc.
I agree! There's no better way than knowing where your every penny is going, just so you know where you're overspending and where you need to cut down expenses 💯
Getting money is an issue that everyone has in order to live a better and more luxurious life. Life was difficult for me until I began trading stocks, and now I'm earning a lot of money even with the current crash happening in the trading market, I still make lots of gains using a better strategy.
How? I'm new to stocks investing; could you kindly walk me through how you did it?
Every financial goal requires patience, dedication and consistent spirit knowing that trading/investment is currently the most lucrative business in the world, both Stocks, Real estate and Crypto shares are really positively changing people's lives. All this i learnt through my financial adviser Williams T. Kevin.
@@RDavid. you can communicate with him on telegam with the user name below.
@@RDavid. Earnwithkevin.
@@c.moeller Thanks for the information. I'd get to him immediately.
Another great video!
Thanks for watching!
No budget. No sensible allocation for housing, transportation in particular.
Nice stuff chris
Im broke because I invest all of my money 🙃
I think it's a problem in the U.S. that you have to work so much just to live a decent life. Generally, in Europe you can earn a decen living (not rich) and can enjoy life instead of just working.
Nice little video 😊
Thanks for watching 😁
Hi Chris, I really enjoyed the video. Keep up with the good staffs
I appreciate it, thanks for watching 😁
I’ve always lived within my means and hate owing money. I could afford a bigger house and smarter, newer car, but I choose not to, since I know the novelty would wear off and I’d end up worse off financially. My biggest financial mistake was investing in the stock market last year when everything was over-valued, and I’m currently some 10k down on my investments on paper, but I haven’t sold my shares and can wait…hopefully the markets recover in the next few years and I can at least break even…let’s see.
How long have you been investing in the stock market?
@@ChrisInvests Directly (buying individual company stocks) just the last 2 years…indirectly (via my pension) the last 20 years!
100%
What video editing software do you use ?
It's called VideoScribe
I am broke af aye
😬
I kept on laughing as I watch the vid because I know so many people who are like this. I made the change not to be broke again after losing everything in the 2008 financial crisis and had to rebuild everything from rock bottom. As of now, I splurge on investing in assets, not liabilities because its like crack.
😁 I'm glad you learned back then!
@@ChrisInvests Blaming behavior is not bad but people who don't have cash generating assets will remain broke. Even as a RUclipsr you know income is where most wealth is created!!!! I don't blame you thought its easy to blame behavior and ignore other factors!!!!!!!!
That's the real metanoia and I wish you all the best in life and I hope that you will be financially stable and do well financially. I hope to hear your thoughts on some of my videos too. See you around 😊
becuz of infltion and the rich keeping the poor broke makes the poor 200 years behind
Dope video
I’m broke because Uncle Sam says my $140k is too much for me so it’s really $100k . I won’t miss the rest no biggie.
i make 18k/year before taxes (yay min wage) i'm poor because i don't make enough to do otherwise. I could spend 0/year and still never be wealthy in my life time
Study a useful skill and work towards changing careers, my dude
You need better paying job... then you need to get a part time job. This is will ensure you can start investing.
That is not actually true. If you could spend $0 per year and invest your salary in an index fund you would be quite wealthy in a matter of years. However this situation is impractical because you can’t spend $0 per year.
Accumulating wealth is actually a fairly simple equation. There is how much you make and how much you keep. If you want to be wealthy, you should attempt to maximize both of these.
How much you make is an important part of the equation because it limits how much you can keep. It is impossible save $20,000 a year if you make $18,000. Additionally people have a fixed and variable spend level. You have to make enough to have leftover after these fixed expenses in order to have a chance to save anything. It looks like this is where you are currently limited and you should take steps to increase your income.
How much you keep is what truly makes you wealthy. Let’s imagine and I both made $100,000 but I went out and spent $99,000 while you only spent $20,000. You kept $80,000 and I kept $1,000. You are wealthier even though we made the same amount of money. This may sound silly but people of all income levels find a way to blow their money. The best example of this is lottery winners. The first thing they do is spend, spend, spend, only saving a fixed percentage (what is left). Who is wealthier, the lottery winner who spent nothing or the lottery winner who bought himself a Ferrari, 3 Rolexes, a new wardrobe, a new truck, a Jeep, a mercedes, a large house, and a whole bunch of other useless stuff? Eventually “what you own ends up owning you” and the lottery winner with more cars than he can drive (and not enough set aside to pay for it all for the rest of his life) will learn this very quickly.
So making $18,000 and saving every penny you would be left wealthier than an investment banker who made $110,000 but only saved $1,000 per month. In the long run this makes a massive difference in your wealth because what you keep can be used to buy assets. Investing what you keep intelligently in the stock market makes it easier to hold onto, and allows it to grow and collect compound interest. The easiest way to do this is dollar cost averaging into an index fund. Buying individual companies requires more intricate knowledge of businesses and the stock market and what you don’t know you don’t know could easily lead to loss of capital.
Idk what the opportunities are around where you are but in most places I’ve looked at in the US it’s possible to get a job paying 2x minimum wage without specialized skills requiring studying. My best friend started working just above minimum wage about 3 years ago and has continued swapping around jobs and working part time at places to try them out. He is just now hitting about 2.5x min wage working at a restaurant chain. That being said as others mentioned probably the fastest way to increase income is to pick a skill that pays and interests you and learn it either on your own or with some kind of education program. I worked a minimum wage job, followed by a job paying about 1.5x minimum wage, but was studying programming and now after working less than a year in that make several times more than what I have to spend to get by.
@@z7sk have a bachelor's degree that i did a year of homeless, and 25,000 miles on a pedal bicycle over 5 years. Didn't get into grad school. jobs that dont' pay well don't want you because they know you will leave as soon as something relevant to your degree wants you.
So it's yeah it's been 8 years since you graduated and you have no relevant expereince for jobs for my degree
Without it's if you use your degree, they don't see you as a long term employee, so no thanks.
The min wage jobs I get, I get them because i specially don't list my degree when applying
Hahaha 2022 might be the first year you could buy a car and actually sell it for a profit 😄
Pretty unusual 😀
I'm broke because the wall street I mean that's who Corporate America is concerned about pleasing the most and America ain't a country anymore it's a corporation
But rich a greedy seems to go hand and hand so if I have to lose my good nature I'd rather be poor the world needs more ❤
Most of the money over the past 5yrs were trying to fix a truck that was a money pit
Why are you broke?
Gas and Inflation, let's go Brandon.
I‘m not broke
I’m watching this when I’m not broke 🥲