People on Investing
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- Опубликовано: 19 ноя 2023
- New Merch is Here! ▶ www.shoplahwf.com
Andrew asks people about their best & worst investments, thoughts on crypto, and other financial advice around Hollywood in California. What's the best & worst investment you've ever made? What financial advice would you give to your younger self?
my socials ▶ coso.me/lahwf
Chatting With Podcast ▶ anchor.fm/chatting-with
business inquires ▶ andrewhalesbusiness@gmail.com
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The lack of financial literacy of these people is scary and inspiring at the same time.
I am sure they find the dumbest ones.
Therefore they look for the dumb ones.
I blame the schools ~ From HS to even college ~ The schools never teach you "how to" buy a house, balance a check book, pay off bills like a credit card, Start a small business'? I think I had to take a very, very basic class in freshman yr in HS on "How to" get a JOB "Just over Broke" That was it?
@@Reutzel507 Yea I wish they wouldn't do that.
WHILE living in 1 of the most expensive areas in the US... Makes no sense..
@@KingNewJerseyEver wonder why this is? I think its cause less financial literacy means more overall spending. The economy grows/shrinks depending how much cash is circulating. If everyones just sitting on heaps of cash, the economy’s gonna flounder, and the country’s overall power is gonna decrease. So i dont think its a massive oversight. Its all carefully planned, and for good reason!
not a single investment was mentioned that day
90% of the answers aren't investing lol "investing in myself" "treating myself to spa days" whoops i'm bankrupt otay otay
you can spend your entire life worrying about finances too, but then you'll look back and realize, whoops, i've spent my whole life worrying about finances. but hey fulfillment looks different for everyone!
@@Concentrum I think that's the vast minority of people's issues
Yeah, there is definitely a balance to be made@@Concentrum
Ya, seriously, with purchasing power dwindling as inflation continues to increase, people are spending money like there's no worry in the world...impossible to understand
your username is 'bitcoininaminute' how is a gamble on an effectively imaginary redundant asset that doesn't provide anything to the world other than environmental damage not spending money like theres no worry in the world? Your resoning seems quite arrogant and ignorant.@@bitcoininaminute5008
The first two girls sounded like they were playing characters of dumb calfornia girls. But this is really who they are.
Girl on the right was okay but the left one was insufferable
yea the left one gave me brainaids
2:30 Did he just interview Alan from The Hangover? Literally with the baby and all 🤣🤣🤣
good job
I hope the first girls puts $ in her Roth IRA but actually invests it, most people forget the ''invest" part of the Roth IRA 😅
💀
“Uhhhmm what’s a mutual fund?”
Max the Roth and invest into VFIAX
people talk about roth iras like they are an investment vehicle that you just throw money into and it starts to compound lol im pretty sure thats what i thought it was before i actually set up an account
I was thinking the same thing 😂
So this is what our average American citizen knows about finances. No shit we're all in debt.
now imagine what it's like in most other countries
Most debt after housing is education in America. So there are no need to know finances if you pay shitload of money for education you likely not gonna use.. Your higher education system is a huge problem.
@@zin.nesis1 Yep, they should get rid of student loans... or make them ultra low interest loans only... or only legalize student loans for technical degrees...
Something to incentivize only loaning people money for degrees that are worth while and that people will use in the real world.
What's you best investment: "oh the spa. And hollidays"
LOL. That's not an investment that's a treat
bout to invest in a bluray if you know what i mean
🛩️ 🔙 🏠 👉 💿 😉
These girls lmao. "Vacations and food are the best investment I've made!"
andrews inability to ignore that guys dog (@ 3:52) is heartwarming
I think he was just trying to stop it from barking because it was not listening to it's owner 🤣
Dog wanted the fluffy microphone
The guy who said he likes Superman’s dog crypto is a legend
I dont even think that baby was real!!! LoL
I’m investing on curb stomping the like button
Whoops!
daddy's hair on point.
Forrest Gump 😂
Zaddy goin for that one flew over the cuckoo's nest look...🔥
Whoa! Is that Zach Galifianakis at 2:29???
No it's a dude cosplaying him, complete with a doll and everything
@@chonkusdonkusthat joke went so far above your head that I can't even see it anymore.
@@MrFloRolf he asked if it was him and it was not.
@@MrFloRolf if you look closely you can see that it is not a real baby
Idk how he doesn't bust out laughing when there first answer is "investing in myselfff"
I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@PhilipDunk I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@PhilipDunk I just checked her out and I have sent her an email. I hope she gets back to me soon.
If investing is a game, these people don't even understand the rules 🙁
Honestly though, if you're going to invest in yourself start by learning what money actually is and how it works.
Ugh, most of those young people are very uneducated when it comes to finances. It's sad tbh. Good video Andrew! It's nice to get insights into other people's thinking and i love your approach and energy, it's very non judgmental and laidback, you give people a lot of room without making them feel exposed (if that makes sense).
what are you on about? Andrew is just as "uneducated" and besides, the system is set up to fail you
i find it interesting how so many people in america are in deep deep debt
@@jodawgsup And yet plenty of people are thriving. It's all about the choices you make.
@@AUniqueHandleName444 you are, seemingly, blissfully unaware of what is happening in your own country. Plenty of people being a select few?
Woah calm down Robert Kiyosaki 🤓
Each payday, invest at least 10-20% of your income. Do this 30 years and you are in business.
I have the habit of wanting to invest all of it but can't because I need essentials too lol. Just have as much in as possible and sell when I need the $$. I know I have to play the long game instead
@@xXLsUTiGeRsFaNXx You should not put yourself in a situation where you need to access your invested cash. Invested money should be considered temporarely lost.That said, I understand that life is not that easy and sometime you do need it.
I’m educated in finance and economics. It blows my mind how little the public knows about markets, literally nothing. You want to make money? Understand how it works first.
That old guy LMAO
"Get a better job so you can make more money"
OHHHHHHHHHHHHHHH
yep, that's the best investment you can do.
Investing to get a better job?
Glad this new format is working decently for you bro! I watched the whole thing. Been a fan for 6 years
not all hope is lost. I’m 21 and bought a Duplex, maxing out my Roth IRA index funds, and have a good bit of crypto.
i’m that annoying friend that always tries to talk finance but nobody around me gives a heck. i want to help them all out too 😢
Been there before, the road to hell is paved with good intention. You want to help them but I promise being a zealot will only make them resent you. "Dont save her, she dont wanna be saved", they wont help themselves and envy will grow as you blast past them. If they decide to make a change, they might just come to you for advice later on, be patient with them and try not to care.
@@LaMach420 you have a great point. i just want to help loved ones but i suppose all i can do is look out for myself. cheers
Just invest all you can in a low cost index fund like VTSAX and you are ahead of most Americans.
That's not saying much, though :(
Unfortunately, we aren't taught any of this at school.@@TinCents
Apparently everyone in LA is broke 😂
Absolutely mind boggling how people are willing to work 40 hours a week for decades but are unwilling to take a few hours to learn how to manage it to make themselves wealthy. What is the point of all that work if you have nothing to show for it?
never give up andrew, you’re doing great.
As soon as he said he'd be asking people in Los Angeles, my expectations of hearing anything useful dropped way, way down.
A career which gives you a little bit of time and work-life balance costs you financial independence because it'll be low paying. Tough choices to make. Keep in mind, Investing provides a jumpstart to financial freedom. At 34, I already have a $6m portfolio.
Everyone needs to hear this, you need to create your own process, manage risk and stick to the plan, thick or thin, while continually learning from mistakes and improving.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
@@greekbarrios bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in this shaky economy, can your advisor be of help please?
Yes inedeed, i have ''Monica Selena Park'' and she deserves credit as one of the finest financial planners who decides what assets i acquire whilst skillfully diversifying my portfolio. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy
I find this informative, just came across the site of Monica Selena Park after inputting her full name on my browser, she seems impeccable.. thanks for sharing!
The first people clearly don’t know anything about money.
Never mind, after watching it all, no one knows
Anyone today saying they are looking into “nfts” is probably the most financially illiterate. Holy shit
My best investment was Nvidia and my worst was Zillow. Just keep stacking bread.
Tattoo girl at the beginning is the epitome of the failure which is the modern day woman 😂
Yeah that’s guys advice of living with your parents is kind of nice. Society kind of pressures you to move out and do your thing but then you’re just making the conditions worse for yourself and having less money in general.
Love you andrew, glad your still making videos :)
OMG those two women in the beginning are excellent stereotypes of how we in Europe believe Californians are like . Wow.
Love this series of videos. Keep it up bro. Think about bringing back those couch interviews lol
Those first two girls are the definition of the problem with young women in america
you dont even have to hear them talk and you just know these people are not smart and provide nothing of value.
My best investment was my Blu-ray dvd player. Otay Otay!
How else will you get those honeys to swing back to your place?
@@Ghadente I wouldn’t be able to without it lol
Pop in that blu-ray
Not a single one of these people made an investment
Curious how they confuse consumption with investment
Why is it that so many people confuse "investing" with "spending".
I love these type of videos. My man is baaaaaaaaack
Looking absolutely unhinged with the hair bro, love it 😂
😂
O.M.G. I feel so much better about my investments after watching this. 😂 But also sad that investing and budgeting isnt taught in schools.
Consumption based investing, interesting
That one bloke who thought u were asking about kryptonite 😂
These are some special type of ppl. All says invest in themselves 😅
I see. The best investment is to stay out of California. Thanks.
It’s just major cities that draw in the NPCs.
if he asked me this i woulda said tesla then watched this back and been like "oh, that's definitely not what he meant" lmaoooo
Thanks for always asking about crypto playa, great video! 🙌
I’d be interested to see you talk to people in Nashville on this topic. I feel like you’d get a little less “investing in myself” answers. Nothing wrong with that answer, but I’m curious to hear other answers.
Need more personal finance courses in schools; need more tax money for teachers
These people make me feel good about my finances.
commenting for that algo, love you andrew
"hard drugs are cheaper" lmaooo
2:40 alan from hangover :D perfect
This makes me feel like I’m not doing all that bad in life ! 😆
Right. Spenders gonna spend. But we think hard and spend on what really matters
The roth is good advice for a young person. Best place to put retirement money when your taxes are relatively low.
that Allen was pretty spot on with his answers
Didn’t expect to see Zach Galifianakis here haha
Good one, love u Andrew
Those two babes represent American Women......pure truth!! Lol
2:36 Alan from the hangover with the real advice.
Girl at 2:55 I thought her ice cream was the microphone
The baby with shades😂
Have you seen hangover?
LAHWF you legend, been watching you from day . Its always good to see u upload. Lots of love from Sydney.
Skateboarders loved that Intro!
I feel bad for them but better about myself. Wierd how that worked out.
My advice -- create a rainy day fund, put a chunk of your wages in an ETF/index fund, and don't get into credit debt. Or invest in yourself by watching one of the many financial advice RUclips videos.
Great video super insightful
Everybody in Hollywood thinks he or she is an artist. What a surprise.
Worst investments were those tattoo's 😅
OMG the hair hhaha love you mate
This one is a much needed video!! Please keep doing investing video every few months on different locations. 🙌
Came for the nips stayed for the nips
I am surprised the first chick didn’t say that those hideous tattoos were her worst “investments”. Actually, I guess I am really not that surprised.
The fact that every person you interviewed couldn’t even give the most basic investing or healthy financial advice is a clear barometer of why this country is in a trillion dollars of credit card debt.
It's crazy that every single person is like nope no crypto, it's monopoly money, I don't know anything about it, its kind of scammy, etc. And it's exponentially the most volatile asset class in existence meaning that if you're buying and holding spot it has the greatest profit potential and if you aren't borrowing you can't go below 0. So from a risk to reward perspective, again only speaking on holding spot, it has by far the greatest risk to reward calculation.
Don’t listen to this clown guys if your going tech go ai. Amazon,nvidia ,amd
I've been watching Andrew from the start the hardest I ever fucking laughed was
The video during covoid when he cut his hair all fucked up and danced and someone said in the comments glad to see hes getting his life together I laughed for 10 mins
u were the Goat back then dude. wish you did yt more but you were MIA for like 5 years
That intro caught me off guard I stared laughing at the red light
Your video with Cheb was too funny😂❤️
Best investment = Counter-strike skins (lmao but serious)
Worst investment = College
College has been my best investment so far. I went to community college. Cost $18k. 2 years after college, making $70k. All my bills are paid off. Putting money into 3 investment accounts every pay.
I built up a pretty sizeable wealth from investing in renewable energy and biotech stocks, then about 3 years ago as I was divesting from those I moved 50/50 into building a dividends account largely from insurance and real estate stock and the other 50% in bitcoin... Now I mostly save in bitcoin and my dividends is my "safe bet". Things are going well.
Nice nod to the Hollywood High 16 at the beginning of the video, Andrew. If you know, you know.
Give people what the word “investment” actually means first then the question. lol
“Hard drugs are cheaper”
What a line, but probably an infinite cost associated with drugs for most
Uploooaadd morrrreeee.
Do the videos with random awkward interactions with strangers.
The one on cherdly's was also great
I didn’t believe in investing at first until I had extra cash to spare. I started small and invested $500 bucks into Amazon 2 months ago. I made over $30 bucks in 2 months. It’s not a lot of money, but I can definitely see a lot of people becoming rich if they invested more
Getting more rich*
I Inherited $20K when my grandma passed away in 2017, I put it all in Amazon stock, now it’s worth over $50K. Investing is good if you don’t sell a lot of stocks for like 5+ years and let the money build
$500 is a waste of time investing in stocks.. better to take the 500 and buy a camera and make youtube/tiktok/ig content, or invest in learning how to sell online, learning a skill/trade, etc.. stocks are a waste of time unless u got real money
@@tonysopranooo1 not everybody is wealthy. definitely not a waste of time investing. how do you think beginners learn how to invest? what you just said makes absolutely no sense. people who invested $500 into GameStop made over $1000 when the stock skyrocketed. Investing within your budget is always necessary
@@tonysopranooo1 looks like somebody doesn't know about compounded interest.
LAHWF love you man
hair and mic matching! LOL
andrew these are just letters and words formed to you but please, dont listen to your brain's assumptions. your expressions and physical thoughts are beautiful man, never surrender to the instrument analyzing this realm, It'll never be your" friend. Andrew keep going man. You got this my goat.
WHATS UP MY BAGs
good job andrew
Getting that high CPM I see you Andrew 🔥
Her: Best investment I've ever made is "life experience" 🤦♂
We need to be teaching students in Junior High and High School about banking, finance and investing. Start with the basics, checking/savings accounts, credit card basics, introduction to capitalism and the stock market and bond markets and about real estate - buying vs. renting. Also, at some point they must be taught the magic of compounding.
This is why I watch Caleb Hammer. Thanks Caleb.