What interest rate cut means for real estate, car loans and debt

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  • Опубликовано: 8 ноя 2024

Комментарии • 330

  • @tatianastarcic
    @tatianastarcic Месяц назад +401

    I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the real estate and Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

    • @TinaJames222
      @TinaJames222 Месяц назад +4

      I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

    • @nicolasbenson009
      @nicolasbenson009 Месяц назад +4

      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.

    • @sharonwinson-m8g
      @sharonwinson-m8g Месяц назад +3

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @nicolasbenson009
      @nicolasbenson009 Месяц назад

      I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sophia Maurine Lanting turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

    • @Vincent-j8u
      @Vincent-j8u Месяц назад

      Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @benjamindavidson22
    @benjamindavidson22 Месяц назад +125

    The Federal Reserve is aware. They have no intention of combating inflation. They will not stop inflating, and commodities and stocks will rise in tandem with everything else. You can't merely hoard cash and wait for the market to crash; instead, you need to make your money work for you by starting small and accelerating your purchases as the market continues to decline.

    • @frankbarnes22
      @frankbarnes22 Месяц назад +3

      Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.

    • @phillogan1
      @phillogan1 Месяц назад +2

      People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

    • @Johnlarry12
      @Johnlarry12 Месяц назад +2

      How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

    • @phillogan1
      @phillogan1 Месяц назад +2

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @Johnlarry12
      @Johnlarry12 Месяц назад +1

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @Brandon96712
    @Brandon96712 Месяц назад +135

    There is an equal market chance associated with each crash or collapse. I have seen people accumulate up to $1 million during a crisis, and even make it work in a strong economy if they are prepared and well-informed. Without a doubt, the bubble/collapse is making someone wealthy.

    • @SteveKalfman-yv7co
      @SteveKalfman-yv7co Месяц назад

      I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.

    • @SallyW414
      @SallyW414 Месяц назад

      The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.

    • @JohnMatthew-hq3xs
      @JohnMatthew-hq3xs Месяц назад

      I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

    • @SallyW414
      @SallyW414 Месяц назад

      Credits goes to Vivian Jean Wilhelm one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

    • @JohnMatthew-hq3xs
      @JohnMatthew-hq3xs Месяц назад

      This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it

  • @richarddamien4654
    @richarddamien4654 Месяц назад +390

    With the recent rate cuts, my portfolio, heavily weighted in laddered T-bills and bonds, has taken a hit. I'm concerned about further losses and unsure whether to rebalance, liquidate assets, or ride out the volatility. At 52, the stakes feel high, and I'm starting to feel insecure about my financial future.

    • @patrickjones1392
      @patrickjones1392 Месяц назад +5

      Stay calm, watch the news after 4 o’ clock (I watch Quest means Business) stay informed about economic changes, consider safe haven assets like gold (doing really well right now). If you lack extensive knowledge with the asset classes you are holding, review your retirement goals with a financial advisor.

    • @clementdan9417
      @clementdan9417 Месяц назад +6

      That’s right! I agree with the reply above. Working with a fiduciary not just an advisor is crucial to navigating the volatile market. My portfolio is currently diversified $400K in stocks (tech, big Pharma and consumer goods) and $250K in alternatives (private equity, precious metals, cryptocurrencies), which has boomed significantly!

    • @richarddamien4654
      @richarddamien4654 Месяц назад +2

      Incredible. Could you recommend who you work with? I really could use some help at this moment.

    • @clementdan9417
      @clementdan9417 Месяц назад +5

      Monica Mary Strigle is my fiduciary and is NY-based. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @richarddamien4654
      @richarddamien4654 Месяц назад +4

      Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.

  • @luggagecombo12345
    @luggagecombo12345 Месяц назад +75

    Average price for a used car is $27,000 and that's fantastic?

    • @4real4real43
      @4real4real43 Месяц назад +4

      hahahahahahahaha

    • @cks5631
      @cks5631 Месяц назад +1

      Truth!

    • @ashleyrocha1028
      @ashleyrocha1028 Месяц назад +7

      They’re clearly paid more than us. 😂

    • @hassanmeraj8037
      @hassanmeraj8037 Месяц назад +1

      What else you could expect from an American analyst/host? They're not the Japanese !!!! (The middle number one nation who have more savings )

    • @___beyondhorizon4664
      @___beyondhorizon4664 Месяц назад +1

      I bought my 2007 Town and Country in Oct 2021 for $6,500 with 13,500+ miles on it. I paid $3000 with Amex, the rest was cashier's check.
      I earn cash back bonus from charging my Amex, I paid it to zero balance on statement due date. No debt since 1994 when I opened Amex on campus, and got a free Amex beach towel.

  • @SoloQueFine
    @SoloQueFine Месяц назад +61

    Car debt is not good debt.

    • @AFJ80
      @AFJ80 Месяц назад +3

      Thank you! She lost all credibility when she said that. That’s Finance 101. You don’t invest in assets that go down in value.

    • @Mcdowells
      @Mcdowells Месяц назад +2

      it's the WORST debt

    • @mkingadiffernce
      @mkingadiffernce Месяц назад +1

      She is democrate, lmbooo!!!

    • @dianedomina1069
      @dianedomina1069 Месяц назад +3

      Never invest in a depreciating asset!

  • @elizabethella2249
    @elizabethella2249 Месяц назад +194

    Great video! I really have a question. For someone with less than $5,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?

    • @hannagarcia2614
      @hannagarcia2614 Месяц назад +1

      My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience.

    • @Roger_Gibson
      @Roger_Gibson Месяц назад

      I agreed, investing without proper guidance can lead to mistakes and losses. last year. I did so many mistakes but also learned so much from it, If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @DavidMarson-j3e
      @DavidMarson-j3e Месяц назад

      Nice. those who work with expert typically earn more than those who go it alone.

    • @abigailangle8564
      @abigailangle8564 Месяц назад

      Wow! who is this expert guiding you? As a beginner what do I need to do? How can I start, If you know any please share.

    • @Roger_Gibson
      @Roger_Gibson Месяц назад

      As a beginner, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Daniel Adams Bailey. for years and highly recommend him I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

  • @brianwhitehawker1756
    @brianwhitehawker1756 Месяц назад +822

    Some experts think the fed decision could boost certain industries, while others warn it might increase inflation concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.

    • @yeslahykcim
      @yeslahykcim Месяц назад

      Increase exposure to interest rate-sensitive sectors like REITs and utilities, and maintain or slightly increase holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting a financial advisor.

    • @Jadechurch-ql3do
      @Jadechurch-ql3do Месяц назад

      This is why I entrusted a fiduciary with my investmnt 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

    • @lucaswilliams9992
      @lucaswilliams9992 Месяц назад

      Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

    • @Jadechurch-ql3do
      @Jadechurch-ql3do Месяц назад

      Lucinda Margaret Crist is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @codeblue11
      @codeblue11 Месяц назад

      Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @ThePetit1989
    @ThePetit1989 Месяц назад +102

    Ain’t buying nothing

  • @LisaBody-q9o
    @LisaBody-q9o Месяц назад +19

    Looks like I’m never selling my house or buying a new one. Not giving up my low interest rate.

  • @jimmyjams1974
    @jimmyjams1974 Месяц назад +29

    Inflation is too high. Costs are too high.

    • @cks5631
      @cks5631 Месяц назад

      Elections have consequences!

  • @Duttonmuffins
    @Duttonmuffins Месяц назад +83

    Man, the Fed rate cuts are starting to mess with everything. I mean, they were supposed to help, but now I’m feeling the pinch. My savings of 600k is basically giving me nothing, and the market projection is all over the place.

    • @Bunnydrille
      @Bunnydrille Месяц назад +1

      Considering diversification is excellent. Now might be a good time to consult a financlal advlsor for expert advice and seize opportunities in this volatile market.

    • @Frankweily
      @Frankweily Месяц назад

      Accurate! Asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 9.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advlsor helped me realign my portf0li0 to my risk tolerance and it boomed overtime.

    • @Frankweily
      @Frankweily Месяц назад

      Partnering with a financlal advlsor has been a transformative experience for me. They offered invaluable insights and customized strategies that matched my risk tolerance and financlal goals. With their guidance, my investments have grown significantly, and I now feel more confident about my financlal future.

    • @Madridstrat
      @Madridstrat Месяц назад +3

      There's a lot of potential in the market. My friend from benghaal who now lives in manhattan introduced me to a financial advlsor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.

    • @JesseMayhill
      @JesseMayhill Месяц назад

      Pls how can i meet this advis0r? i want someone to help me invest an Inheritance, i don't want to lose it to inflation.

  • @dantesinfernopurgatory7826
    @dantesinfernopurgatory7826 Месяц назад +41

    >What interest rate cut means for real estate, car loans and debt
    Absolutely nothing.

  • @Twotonetonyy
    @Twotonetonyy Месяц назад +41

    That's it I'm calling Dave Ramsey 😂😂😂

  • @GeorgeSchneider8889
    @GeorgeSchneider8889 Месяц назад +14

    Low interest rates don’t fix inflated housing prices. The affordability case is still rampant

    • @Grace_theslyther_snake
      @Grace_theslyther_snake Месяц назад +2

      Good point. A little house in Bakersfield in my neighborhood 2 bed 1 bath. 325k. People tripping

    • @GeorgeSchneider8889
      @GeorgeSchneider8889 Месяц назад

      @@Grace_theslyther_snake Unbelievable 🥶

  • @dianarabbanii2
    @dianarabbanii2 Месяц назад +115

    What's the most effective strategy for investing during this period of volatility? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.

    • @ErinWarner-zc9jy
      @ErinWarner-zc9jy Месяц назад

      Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits

    • @NatalieFormor
      @NatalieFormor Месяц назад +1

      This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

    • @Robbertskypes
      @Robbertskypes Месяц назад +1

      impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

    • @NatalieFormor
      @NatalieFormor Месяц назад

      Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

    • @LejlaGöransson
      @LejlaGöransson Месяц назад

      Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

  • @DonaldMark-ne7se
    @DonaldMark-ne7se Месяц назад +71

    I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

    • @Crystal__sage-b7k
      @Crystal__sage-b7k Месяц назад

      One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.

    • @Nicole_Andys
      @Nicole_Andys Месяц назад

      Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal

    • @GavinRay_q9x
      @GavinRay_q9x Месяц назад

      please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

    • @Nicole_Andys
      @Nicole_Andys Месяц назад

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @GavinRay_q9x
      @GavinRay_q9x Месяц назад

      I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

  • @49erLA
    @49erLA Месяц назад +9

    She is talking like everyone out here has 800 credit scores..

  • @velocityhawk224
    @velocityhawk224 Месяц назад +2

    Why would 3 percent be gone forever ? This is some BS.

  • @luckydog9856
    @luckydog9856 Месяц назад +8

    There's no such thing as "Good Debt". Debt is people buying what they can't afford and paying more for it. It may not be bad depending on the circumstances but it's certainly not good.

  • @Susanhartman.
    @Susanhartman. Месяц назад +5

    Rate cuts began in September 2024 and will take 6-8 months to complete, with a potential crash by March 2025. The soft landing narrative is gaining traction, making a major recession less likely. With $1 million from a business sale, I'm looking for profitable investment opportunities over the next 3 years.

    • @mariaguerrero08
      @mariaguerrero08 Месяц назад +4

      The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

    • @mikegarvey17
      @mikegarvey17 Месяц назад +3

      My demanding job leaves me with little time to analyze investments and individual stocks. For the past seven years, I've relied on a fiduciary to actively manage my portfolio and adapt to market conditions. This approach has helped me make informed financial decisions and navigate the market successfully.

    • @ThomasChai05
      @ThomasChai05 Месяц назад +3

      @@mikegarvey17Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

  • @7SideWays
    @7SideWays Месяц назад +28

    What about savers that were enjoying 5% risk-free?

    • @steveludwig4200
      @steveludwig4200 Месяц назад +6

      Those days are over. Lucky folks are those that locked in 3-5 year CDs paying 4.50% - 5.25% that were available up to a few months ago. Those same CDs are paying maybe 3.5% right now.

    • @BurnaBwoi
      @BurnaBwoi Месяц назад

      Or get a "high yield" Savings or Money Market account with a reputable online bank like Ally or Marcus (Goldman Sachs) around 4.20% 5:31

    • @lionheart93
      @lionheart93 Месяц назад +1

      invest in stocks the FAANG

    • @Sonofawildanimal4241
      @Sonofawildanimal4241 Месяц назад +1

      BYE BYE REWARDS FOR RESPONSIBLE SAVERS

    • @gunnikr
      @gunnikr Месяц назад +2

      Invest in stocks

  • @kevinschlosberg7124
    @kevinschlosberg7124 Месяц назад +8

    The present housing market is not stifled because of interest rates rather greedy sellers with absurd expectations for what they think their house is worth.

    • @LT-em1vu
      @LT-em1vu Месяц назад

      No, greedy Agents pushing them to think that way.

  • @astizzo
    @astizzo Месяц назад +27

    Must be election time

  • @kortyEdna825
    @kortyEdna825 Месяц назад +6

    Sounds like a skeptical outlook on things then. With the rate cuts do you think it's best for us who are not conservative investors to focus on bonds or dividend stocks? I want to reallocate my 7-figure portfolio and I preferably want the assets with the best ROI.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io Месяц назад +5

      Bonds are a safer bet. They offer good stable yields. But dividend stocks could make you a fortune if you know how to go about it. But it's always a good idea to work with a CFA. It streamline your strategy and help profit a lot.

    • @Justinmeyer1000
      @Justinmeyer1000 Месяц назад +3

      I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case 80% stock crash, Thanks to my CFA.

    • @KaurKhangura
      @KaurKhangura Месяц назад +2

      Impressive can you share more info?

    • @Justinmeyer1000
      @Justinmeyer1000 Месяц назад +1

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

    • @KaurKhangura
      @KaurKhangura Месяц назад

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @RPG0018
    @RPG0018 Месяц назад +3

    My husband and I stopped borrowing years ago after we followed the Dave Ramsey principle we're completely debt free now, we OWN everything we have and retired in our mid 50's Thanks DR!

    • @j.l.salayao8055
      @j.l.salayao8055 Месяц назад

      Good, just make sure you have enough $$$ to cover the ever rising property tax and insurance of your property that will remain as long as you have a land and or a house.

  • @Ikingjamesiv
    @Ikingjamesiv Месяц назад +8

    Inventory isn't lowering. Housing inventory is up since last year 60% (90% in florida)

    • @LT-em1vu
      @LT-em1vu Месяц назад +3

      Yes you are right these people are crazy

    • @LVH100
      @LVH100 12 дней назад

      100% they’re trying to fit their narrative. Houses been sitting on the market here in Sacramento and I’ve been seeing a lot of price reduction.

  • @MrNeilTV
    @MrNeilTV Месяц назад +13

    Nobody other than corporate Wall Street is “looking to buy a house”, this is completely out of touch.

    • @girardedward
      @girardedward Месяц назад +3

      100% This encouragement over a .5% reduction is ridiculous. This is aimed towards businesses, not people 🤦‍♂️

  • @WendellMajette-hc4id
    @WendellMajette-hc4id Месяц назад +1

    Being in the car business... Dealer rates are lower than outside lenders for qualified customers

  • @dorisx1705
    @dorisx1705 27 дней назад

    Thank you

  • @jetfan1535
    @jetfan1535 Месяц назад +3

    Did she say the good debt, car loan, home loan, school loan? Is she out of her mind!!!!

  • @gabrielcampa104
    @gabrielcampa104 Месяц назад +5

    Video was very informative

  • @beautifulpeopleonearth
    @beautifulpeopleonearth Месяц назад +61

    With inflation on the high, market tumbling, real estate prices going higher everyday coupled with the Fed's interest-rate cut which all means more red inks for portfolio. I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio, or are there ways I can safely profit from this volatile mkt?

    • @justlikeasoldier
      @justlikeasoldier Месяц назад +6

      Diversify… T bills, CDs, Gold, dividend stocks, Municipal bonds, Bitcoin, etc assets speak when cash has no value

    • @garrickphillips-x1z
      @garrickphillips-x1z Месяц назад +6

      in my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a licensed advisor

    • @justamanwithbeliefs
      @justamanwithbeliefs Месяц назад +4

      The key indeed is diversification. Personally, I delegate my day-to-day investing to a license professional, cos my job doesn't permit the time to analyze stocks myself. Thankfully, my portfolio has now 5X in 5 years, just about 10% shy of $1m. Stay motivated friends.

    • @everceen
      @everceen Месяц назад +3

      @@justamanwithbeliefs good gains! I basically have cash sitting duck in bank but with rising inflation, my savings seems threatened. I want my money to work for me even after retirement, how can I connect with your advisor/coach, if they mean the same thing?

    • @justamanwithbeliefs
      @justamanwithbeliefs Месяц назад +1

      Annette Louise Connors is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.

  • @ericgravelle8620
    @ericgravelle8620 Месяц назад +7

    You pay off lowest debt first not highest = Dave Ramsey, the amount compounds on itself when you go higher and higher. If you try to pay off highest, you’ll wanna quit.

    • @Vesta0831
      @Vesta0831 Месяц назад

      Psychology.

    • @hskrgrad
      @hskrgrad Месяц назад +1

      She said highest interest cards first, not highest debt.

  • @AndrewTran-bleh
    @AndrewTran-bleh Месяц назад +42

    Vicky is the real life version of the mom in Fresh off the boat 🤣

    • @fredrickraces
      @fredrickraces Месяц назад +3

      So racist 😂

    • @Lisbon77
      @Lisbon77 Месяц назад +1

      That’s so true but with Money and wealth!

  • @casper1395
    @casper1395 Месяц назад +1

    Not with Wells Fargo, they are a rip off with all loans

  • @rahhjur
    @rahhjur Месяц назад +15

    Vicky is such a great and engaging speaker!

    • @steveludwig4200
      @steveludwig4200 Месяц назад +3

      Yes she is and I'm surprised that NBC actually has a financial expert on this show.

    • @___beyondhorizon4664
      @___beyondhorizon4664 Месяц назад

      Her advice on car loan 😔

  • @mj3846
    @mj3846 Месяц назад +6

    Excellent segment. A lot of important gems

  • @Legend93x
    @Legend93x Месяц назад +13

    Who is paying 23% on credit cards, it's 30% minimum

    • @hskrgrad
      @hskrgrad Месяц назад +1

      My credit card rate with my credit union is only 11%. Probably depends on your credit rating and who you have your card through.

    • @Legend93x
      @Legend93x Месяц назад

      @hskrgrad wow that's low AF, but there has to be a catch, which CU is this?

    • @analienfromouterspace
      @analienfromouterspace Месяц назад

      @@Legend93x No catch when comes to CU credit rates, because they simply reinvest the money back into their banking system rather gave it away to other investment firms.

  • @brianyarde
    @brianyarde Месяц назад

    How's the inventory low?

  • @danny1103
    @danny1103 Месяц назад +3

    Still have a long way to go if we want to see 3.0% - 3.5% being offered for a 30 yr mortgage again. But then in terms of car loan, some manufacturer direct financial services offered 2%-4% for a new/certified rate over 48 months, which is much better than bank or credit union.

    • @toyarj37
      @toyarj37 Месяц назад +2

      They already said you will never see 3% again

    • @danny1103
      @danny1103 Месяц назад

      ​@@toyarj37 "Never" in adult world meant a long time, so it can still happen within the next 10-15 years once we hit 4% first, its just the economic cycle. I still remember there are times where car loan is offered at 0.00% - 0.99% for 60 months when the market is good.

  • @chatgpt-n8r
    @chatgpt-n8r Месяц назад +3

    so real estate will go even higher?

  • @interesante80
    @interesante80 Месяц назад +1

    I'm sorry, but this still sounds awful. $47k for a new car! Never seeing 3% interest rate again! I refinanced my home only a couple years ago for under 3%. The way the economy has evolved over the last few years is horrible.

    • @hskrgrad
      @hskrgrad Месяц назад

      You may not realize this but the only reason you were able to finance for under 3% a couple of years ago was because of Covid. We have never in my lifetime spanning almost 5 decades had mortgage rates under 3% until Covid hit. As a matter of fact when I was young in the early 80's the interest rate peaked around 18% and for most of the 80's it never dropped below 10%. The current interest rates are actually in line with where they were in the early 2000's and they were fairly steady around that rate (6-7%) until about 2008 / 2009 when we had the huge sub-prime housing crisis and the fed had to drop rates. We have been spoiled with the extremely low mortgage rates because they are not typical and those low rates are what have made the cost of housing skyrocket over the past decade.

  • @Abclyfestyle
    @Abclyfestyle Месяц назад +6

    Dont buy, build.

    • @DeGrawDIY
      @DeGrawDIY Месяц назад

      That's what we are doing! Very happy with the decision.

    • @j.l.salayao8055
      @j.l.salayao8055 Месяц назад

      YUP, bought a tent from Wally World and erect it my self in five minutes, yyeeehhhaaaa!!!

  • @butterfly-pf8lj
    @butterfly-pf8lj Месяц назад

    “Wow a half a point” now I can finally buy that cookie I always wanted

  • @AyoBrownKid
    @AyoBrownKid Месяц назад +1

    This was such an informative Wuxi segment. This duo works well together, and the guest did not waste 1 second of our time. Thanks yall ✊🏾

  • @u-5ee3zk1w
    @u-5ee3zk1w Месяц назад +9

    What are we really saving? MY bills a month went/goes up rent at least $30, electric $5, internet $5, water $5, fire dept. $10. It's all designed so we will never get ahead.

    • @mariasheppard83
      @mariasheppard83 Месяц назад +1

      Prices are up all over the world not just here in America.

  • @Anonymous.24.
    @Anonymous.24. Месяц назад +17

    Nope, don’t care. Saving a lot of $$$ by living with my parents.

  • @nataliaperry4123
    @nataliaperry4123 Месяц назад

    Thanks for sharing!

  • @lionheart93
    @lionheart93 Месяц назад +7

    opening new credit cards with 0% for 16 months is a no brainer

    • @tayross97
      @tayross97 Месяц назад +2

      Why do you need credit cards or debt?

    • @RideRedRacer
      @RideRedRacer Месяц назад +1

      stop using credit cards... how do people think they are good for you at all?

    • @datazndood
      @datazndood Месяц назад +2

      It’s a slippery slope since credit cards (irresponsible spending) are what got you in trouble in the first place. You really have to want to do a 180 and change all your habits completely to dig yourself out of the hole you created.

    • @hskrgrad
      @hskrgrad Месяц назад +1

      @@RideRedRacer There is nothing wrong with a single credit card with a reasonable limit that you pay off every month. There are just some things in life that require a credit card. No one should ever use a debit card for any purchases or reservations online. There are fraud protections for a credit card that one does not have with a debit card. The problem isn't having or even using a credit card responsibly; the problem is people spending money they do not have and have no idea how they are going to pay back.

  • @jeretso
    @jeretso Месяц назад +21

    Inventory is low. Lower rate means bidding frenzy

    • @steveludwig4200
      @steveludwig4200 Месяц назад +7

      Good if you are a seller.

    • @alexlopez5800
      @alexlopez5800 Месяц назад +5

      Means everything is going to shoot up because the dollar is losing its value. More rate cuts mean more inflated money in the economy

    • @TravelTechie415
      @TravelTechie415 Месяц назад +9

      it means nothing, when prices are too high .. most with a brain and common sense .. will not buy

    • @LT-em1vu
      @LT-em1vu Месяц назад +1

      Depends where you live. Charlotte, NC has a listing boom

    • @chatgpt-n8r
      @chatgpt-n8r Месяц назад

      don't be so sure

  • @Tiggaknock
    @Tiggaknock Месяц назад

    So far the only thing that has dropped is the APY on my savings account. NOTHING ELSE has dropped.

  • @realnapster1522
    @realnapster1522 Месяц назад

    Price of real estate is too high. Car loans are also a problem. But biggest problem is housing affordability. You can’t live in your car. You need a house.

  • @LT-em1vu
    @LT-em1vu Месяц назад +6

    If you need to be competitive in your offer, walk away. Never over pay. I have no Idea what there talking about here. Personal loan? she is wrong. Get a o% credit card for 18-20 months and bal. transfer it all. She has no Idea what she is talking about. Never look at new listing find old ones. To much to cover here LT

    • @hskrgrad
      @hskrgrad Месяц назад

      Her first point was to look for a 0% card to transfer your balance to temporarily to pay off your debt. She literally said "if you can't get one of those" then look for a personal loan and proceeded to tell people that if you don't qualify for a 0% credit card or there isn't one available then another option is to take out a personal loan at maybe 5% interest to transfer the debt away from the 25% interest. It will still help someone pay off the debt faster if they are accruing interest at a rate 20% less than their card. You should pay closer attention to the details of the story if you are going to comment; otherwise you just look daft.

  • @marjoriecoleman8280
    @marjoriecoleman8280 Месяц назад +2

    Great segment, she had a lot of smart ideas! Save more than you spend, makes perfect sense. ❤

  • @dallasborn8574
    @dallasborn8574 Месяц назад

    Navy Federal gave me a loan at 8% for a car .

  • @qualitytouch
    @qualitytouch Месяц назад +1

    omg a .5 point....im going to do a back flip out of excitement. like I'm so giddy I just might buy two big macs

  • @Lillith1203
    @Lillith1203 Месяц назад +9

    We arent anywhere near where we were 4 years ago, we are still on the fast track to recession if more inflation, our tax $$$ going to support other nations and illegals continue being allowed entry.

  • @pleskbruce
    @pleskbruce Месяц назад

    (42 years as a commercial, consumer, and mortgage lender) Whether or not to refinance a mortgage depends on a lot more than how much you can reduce your rate. It also depends on your goal(s) in doing so, the terms of your existing mortgage, how long you've had it, how long you plan to be in your home, how much cash and other debt you have, how much equity is in your home, and of course, your credit scores. It's sometimes possible to refinance without having to come out of pocket at all, but it can also be very expensive. You can pay points to further buy down your rate - but should you? Refinancing car debt is difficult, and especially at a lower rate (e.g. a new car gets a new car loan rate at purchase but a used loan rate on a refi). And buying a new car at zero percent is illusionary. The DEALER isn't getting zero percent so they are at least passing along to you what they pay - and adding it to the price of the car somewhere.
    There are truly no "one size fits all" financial solutions.

  • @jack8230
    @jack8230 Месяц назад +1

    Rates go down. House prices will go up. You can't blame the Sellers, they have to find a new home too. I was trying to sell my house a year ago and people were too cheap. They were asking 100k under market value for your average house because they assumed prices were coming down but they went up instead. This spring I am betting Houses will be up another 10 percent from what they are now. If you don't jump into the market at some point you are going to miss your chance at that house you want and people will bid against you.

    • @Squidwardmeep
      @Squidwardmeep Месяц назад +2

      If you have a house stay in your house and be blessed you have one rather than trying to sell way above the price you paid several years ago.

  • @awilliams382
    @awilliams382 Месяц назад

    ❤❤❤
    Learned a lot watching such a short segment!💯

  • @facemakerable
    @facemakerable Месяц назад +2

    she s great

  • @wonderboy2402
    @wonderboy2402 Месяц назад

    The rate and inflation rates are not a bug; it is a feature of the system to keep everyone else down.

  • @lvjungle2840
    @lvjungle2840 Месяц назад +1

    Now more increase on home since people think they can afford more

  • @Rashaadthegr8
    @Rashaadthegr8 Месяц назад +9

    Forget loans and credit scores. Pay your stuff in cash like a real adult. Saving up is not a illegal.

    • @RideRedRacer
      @RideRedRacer Месяц назад +1

      its not realistic for the average person saving up cash to buy a home. the average home in my area is $900k

    • @Rashaadthegr8
      @Rashaadthegr8 Месяц назад

      @@RideRedRacer You need to move I know plenty of states cheaper than that. Two adults can save up at least half especially when you keep your legs close you be surprised by what you can do.
      Why do you jump straight to a house? most people don't even own their car or are still 40+ with student loans. Average American makes a little more than $63K a year. If they have a spouse or roommate thats over 6 figures. No excuses. The real the average person loves doing stuff they can't afford and thats why they broke.

  • @peterhumphrys
    @peterhumphrys Месяц назад

    A lot of banks are exiting the auto loan market because of the excessive defaults and repos, rates might go down, but can you actually qualify anymore except from captive lenders?

  • @analienfromouterspace
    @analienfromouterspace Месяц назад

    Mortgage rate already going down before the rate cut introduced, so priced in lol. What needs to be done for real estate is supply, and more efficient home building, a starter home shouldn't cost 250k to begin with, maybe 150k would be more appropriate! Suppliers of building materials need to stop playing monopoly, and residential housing shouldn't be commercialized!!!

  • @unknownlegend6275
    @unknownlegend6275 Месяц назад

    Waiting for a analogy of the us economy using tic tacs lol ..

  • @Kin-28-8
    @Kin-28-8 Месяц назад +6

    Despite stocks falling and bond yields rising, markets doubt the Fed's commitment to pausing interest rates until inflation is tamed. Unsure if selling my $138k in stocks is wise amid this market uncertainty.

    • @Theodorebarba
      @Theodorebarba Месяц назад +4

      The market is volatile at this time, hence I will advise you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.

    • @Grace.h-t8o
      @Grace.h-t8o Месяц назад +2

      No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 this year.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i Месяц назад +3

      Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

    • @Grace.h-t8o
      @Grace.h-t8o Месяц назад +2

      Jessica Lee Horst is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @DhanaPayar
      @DhanaPayar Месяц назад +2

      I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

  • @JudyAdams-s3h
    @JudyAdams-s3h Месяц назад

    This content was a big help!

  • @Priust189
    @Priust189 Месяц назад +1

    It means more inflation

  • @steadysmv
    @steadysmv Месяц назад

    Here’s the thing…!

  • @Guage22
    @Guage22 Месяц назад

    Impact on the Market not our Wallet. Also to add on the banks underwriters will not approve personal loans with poor or below average credit scores to pay off debts. That an illusion she just said on TV.

  • @HettieClausenTl
    @HettieClausenTl Месяц назад +2

    Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

    • @matteohenry33
      @matteohenry33 Месяц назад

      If you lack knowledge about market investing tactics, get advice from a financial counselor.

    • @coryDeshawn
      @coryDeshawn Месяц назад

      Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @SolemnBankingplc
      @SolemnBankingplc Месяц назад

      Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining rapidly

    • @coryDeshawn
      @coryDeshawn Месяц назад

      Her name is ‘Celia Kathleen Martel’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @SolemnBankingplc
      @SolemnBankingplc Месяц назад

      I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.

  • @trevorphillips2868
    @trevorphillips2868 Месяц назад

    We bailed out the banks in 2007. Time for banks to help out those maxing out their credit cards because of rising inflation with no wage increases. Trump also needs to threaten car manufactures with Chinese cars. If you dont lower the cost on new cars, fine I’ll open up and allow the sell of Chinese cars where people can buy a new truck for $15k instead of 80k.

  • @Ap2racer
    @Ap2racer Месяц назад

    news actually being helpful

  • @justshawn9970
    @justshawn9970 Месяц назад

    I make $21 a hour.. I can barely afford a apartment in the projects

  • @williamgarcia102
    @williamgarcia102 Месяц назад +1

    Vote Kamala Harris so this country goes to a deeper dump

  • @rochonhalljr
    @rochonhalljr Месяц назад +13

    I’m a realtor. I Just had breakfast this morning with my Lender who has over 20 years of experience. Rates were cut, but interest rates went up….
    Just thought you guys should know.

    • @LT-em1vu
      @LT-em1vu Месяц назад +2

      Lol what the heck are you talking about. Rates are lower now. Change banks if you don't see the rates lower. I just saw 5% 30 year fix. To much to cover here now LT

  • @setfreemiss
    @setfreemiss Месяц назад

    LOwer interest rates mean more inflation on the way. Cost of living will continue to go up. You won't be better off because of lower interest rates.

  • @gageramsey2200
    @gageramsey2200 Месяц назад +2

    Who is this woman! Does she have a podcast or something 😅

  • @ThisIsGABMuzik
    @ThisIsGABMuzik Месяц назад

    You shouldn’t think a mortgage rate is going to be around 1,2 and 3 % those rates were due to a black swan event. 5 and 4’s are not bad rates. Just buy in your wheelhouse.

  • @paulsladinski1236
    @paulsladinski1236 Месяц назад

    I wouldn't buy a vehicle unless absolutely necessary....these greedy car manufacturers only are able to charge those exorbitant amount because people keep buying them...they are making killer profits...and its not the worker's wage that keeps theses prices up ...they easily afford to sell for $10,000-$20,000 less and still make bank $$$

  • @MrNeilTV
    @MrNeilTV Месяц назад

    27k for a used car? Are you insane? That’s ridiculous I bought a used jeep in 2020 that had 3k miles basically brand new 15k on the lot. Get real. What’s scary someone is thinking y’all are promoting great advice.

  • @pierrecastanets1974
    @pierrecastanets1974 Месяц назад

    0.5 ain’t ish

  • @davidbernard6346
    @davidbernard6346 Месяц назад +1

    Exclusive insight into my latest real estate deal!
    Join me as I share my expertise, From finding the perfect property to negotiating the best price And Learn how to navigate complex markets and make informed investment decisions and trades, Mitigate risks and maximize rewards.
    Ask me your questions and let’s discuss the possibilities! Whether you’re a seasoned investor or just starting out, this is your chance to gain valuable insights.

  • @PedroniousMonk
    @PedroniousMonk Месяц назад

    People still ain't gonna be able to buy anything. We've spent too much on things, we couldn't even put it in savings. Savings were wiped out, most things if not almost everything was charged o. Credit cards... keep it up humans. We're almost there

  • @eXit-ubermensch
    @eXit-ubermensch Месяц назад

    She is amazing

  • @gizznajet1
    @gizznajet1 Месяц назад

    She dropped Gems...Okay 🎉

  • @STILLPHENOM
    @STILLPHENOM Месяц назад

    Capital 1 didnt buzz my interest rate so i gave them middle finger

  • @DonaldStokes-p
    @DonaldStokes-p Месяц назад +2

    Scary!! I am loaded with high risk stock, and keep loading deeper and deeper! started with $35k made profit up to $46k and have lost it below $30k, my intentions are to add more capital, but really need some guidance before I lose it all

    • @PASCALDAB
      @PASCALDAB Месяц назад +1

      I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra

    • @viviancarolgioao
      @viviancarolgioao Месяц назад +1

      Agreed, opting for financial advise can be a wonderful resource for getting your finances in order. At first-hand, I average 4 figure/month in dividends and my overall ROI just hit $550k. I only have 30 or so stocks with more of my investments in digital assets.

    • @Tonyrobs2
      @Tonyrobs2 7 дней назад

      How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

    • @viviancarolgioao
      @viviancarolgioao 7 дней назад

      'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

    • @Tonyrobs2
      @Tonyrobs2 7 дней назад

      Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.

  • @Brick1978
    @Brick1978 Месяц назад

    Vicky, why didn't you show mortgage rates during the Trump administration? They were lower than 3%

  • @SomeofThisSomeofThat
    @SomeofThisSomeofThat Месяц назад

    Housing inventory is low but the government allowed millions of immigrants to cross the border?
    Interest rate cuts will have one affect…higher costs.

  • @RoamingPac
    @RoamingPac Месяц назад

    I like Nguyen, she is sure to give a hard time to any salesperson she will interact with 😅. She is ready to haggle 😂

  • @TravelTechie415
    @TravelTechie415 Месяц назад +7

    Hold the Line .. DO NOT BUY A HOUSE .. let it crash baby, we need a recession 🤞🤞 .. HODL .. HODL .. HODL .. the only way to win the game, is not to play

    • @LT-em1vu
      @LT-em1vu Месяц назад +1

      Your right

    • @jack8230
      @jack8230 Месяц назад +1

      Low inventory. Supply and Demand. House prices are going up. Enjoy the ride. No housing crisis unless people default on loans. Asset companies like Black Rock own lots of real estate, no way they are going to lose money.

    • @TravelTechie415
      @TravelTechie415 Месяц назад +1

      @@jack8230 The sale can be whatever the seller wants it to be. There's only a lack of affordable homes.

    • @Priva_C
      @Priva_C Месяц назад

      Wallet hub is lying af on the credit card interest. I'm paying 24.24% with Discove, 28.8% with Ally

    • @Sonofawildanimal4241
      @Sonofawildanimal4241 Месяц назад

      @@TravelTechie415 HOME PRICES KEEP GOONG UP AND UP AND UP ITS GOING TO TAKE MASS INVENTORY TO COME THE MARKET FOR THAT TO CHANGE
      RICH PEOPLE GET RICHER AND POOR GET POORER. IF YOU ARE A PEASANT YOU BETTER FIND SOME RICH PEOPLE TO WORK FOR

  • @qualitytouch
    @qualitytouch Месяц назад +1

    Want to know what interest rate cut means for me????? DEEZ

  • @thebrianmiddleton3278
    @thebrianmiddleton3278 15 дней назад

    this didnt age well

  • @FreddyJong-co6cb
    @FreddyJong-co6cb Месяц назад +12

    Vicky nguyen should be host of today show she is beautiful and smart the today show is to woke 😂😂❤❤😂😂❤😂😂❤❤😂❤❤❤❤

    • @steveludwig4200
      @steveludwig4200 Месяц назад +1

      No because then she would turn into just a talking head like the other two here. First time I have seen her and she is intelligent and well spoken and also doesn't waste time with her points.

  • @Chino-bk9fd
    @Chino-bk9fd Месяц назад

    yes keep using your credit cards 😂😂😂

  • @lovetoplaywithyou3530
    @lovetoplaywithyou3530 Месяц назад +6

    Go listen to Dave Ramsey