I Had To "DOWNGRADE MY LIFE"...GOING INTO DEBT TO BUY GROCERIES
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- Опубликовано: 15 окт 2024
- There are some people out there who think that they are better than everyone else because their life is going great while so many others are having a tough time in this tough economy, where inflation is still outpacing, wages, and rents, and the cost-of-living our surpassing peoples incomes. For me it is something I don't tolerate here on the channel and I will make sure everyone who watches my videos knows that today.
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People Are LOSING THEIR HOMES TO THESE RISING COSTS ruclips.net/video/qPdS1PynFQg/видео.html
Thanks for all you do! Hope all is well.
You work your ass off to make these videos every day and we all appreciate that!
Michael you are so right
I think Van life is going to be taking off again
1800 people lost their jobs at 1 company last week.
I don't think that they're enjoying life
I was able to hug my son and my dogs this morning. For that im grateful every day.
Priceless
Absolutely
Amen! May God bless you. Seek God and you will find Him. You must read the Bible.
Ya I hear you, my Dad said" I'm grateful that I woke up on the right side of the grass" till😢
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
I could really use some help please. I've been considering financial advisory as of late. My portfolio isn't doing so well.
Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
Never take anything for granted. I went to bed one night, I woke up a widow the next morning. I was 43, all of a sudden our household income was literally cut in half. The house payment, utilities, insurance wasn't cut in half. I nearly lost everything. Luckily I was able to quickly sell my home and move to a 1bed apartment. It wasn't fun, wasn't what I wanted, wasn't how I saw my life going. It CAN happen to anyone,anytime.
All the best to you.
Sorry this happened. You made the decisions you had to make and survived
" It CAN happen to anyone,anytime" .. Thats so true ..
Downsize
I'm truly sorry for your loss. I became widower at age 40, then lost my good job two years later. I had to go into survival mode.
People don’t understand that health is very important. I’m a local government administrator I have my masters degree in public administration. Got sick, lost my job of $220k per year because I couldn’t perform. I was let go after 7 yrs at my job. Got on Unemployment benefits of $400 a week. My income went from $18k per month to $1,600 a month. When I was up you could tell me nothing. I was driving the car I wanted to drive eating at most expensive restaurants weekly, taking Hawaii Europe trips every six months. It took six months to get better health wise and ten months to get a job. I’m back currently working in a administration role not making as much as I was, but it’s working out. This really humbled me. Stay humble folks.
Many are so close to the edge and do not recognize the danger. And now, the Republican appointees on the Supreme Court has made it an arrestable offense to live on the streets. Many forget many of the people living on the streets are seniors and veterans.
Thank you for sharing. 💚
@@LoveThisSong. 1000% --- been there too --- I learned to enjoy more with less --- and I still do to this day - because I refuse to go back to corporate.....
@@josephtijero3100
I’ve known folks that spend money like there’s no tomorrow. Between my husband and I, we’ve made decent money but lived and paid bills with his checks and my checks went into savings and investments. So glad we did that.
That you can earn 220k in a local government job shows how worthless the USD has become already. That was a top federal government positions pay in the past.
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Don't lose your job. Don't get sick. Don't have an accident.
Never make risky investments unless you are prepared to lose it. Slow and steady growth when you are old, take some risk when you are young, because tomorrow is always another day.
Or disabled. Was over two years to get it now it's around 3 or 4 years. Sold about everything to survive, got a 29k foreclosure, just needed mostly cosmetic work, made 150 percent profit to get out of that area. Low mortgage and interest payment dumping it all in a down payment in a better area and more property. Right place at the right time. Several years to get back on track and before this crazy inflation and plenty to choose from on a fixed income.
@@JNoMooreNumbers huh?
Or just grow older.
@NuNugirl I did.i lost alot of money infest somestuff.i sale it because the inflation
There's a saying in the corporate world as you scale the corporate ladder "Be kind to people on the way up, because you'll meet them on the way down".
In Construction it's...because you hit your face on every rung on the way down..😅
Lol that hasn't been applicable in 40 years...which is part of the problem
That’s why my life’s mission is to protect families with products that have Living Benefits that for pennies on the dollar can save you from financial ruin! If I can serve anyone who reads this? Just let me know. I’m not here to be opportunistic just a crusader for what I do! I love this channel and watch it daily. So thankful for this channel!
Your right, I do remember hearing that "saying" when I was growing up.
@@michaeledwards2919 yeh and it doesn't exist now because nobody stays any company more than 3 years these days
A lot of us are one medical emergency from financial ruin.
Exactly one emergency room visit can be 25k or more per night
Spot On...
Not if you have insurance. Do YOU have insurance?
I do but still can be pricey…
Supposedly ObamaCare fixed that several years ago.
I know someone whose business is on the verge of bankruptcy, a year ago he was living high on the hog. Never take anything for granted and don't be cocky when things are going good.
One thing is always certain and that is change is coming.
So true. Those that are cocky about living a great life are the ones that get the biggest wakeup call when SHTF. Those that are doing well, but are not cocky and looking down on people are the ones that are more prepared when things go south. Because they still set themselves up and prep for something bad that could happen as opposed to the ones that are just pissing their money away and enjoying life thinking nothing bad will ever happen to them. Those idiots that think they are on top of the world and are looking down on others that are struggling financially are the people that are in the most danger because they are in denial.
I don't like people who belittle others either for being poor.
it astounds me the people i have known in my life who have snorted in derision and disgust at others for the simple reason their targets don't have much money. So someone's job pays poorly compared to yours and you look down on them? wtaf, man? why?! is it that a human's worth is directly tied to income? possessions?
i don't get it and never did.
@@ScriptorsilentumMe neither
Boo hoo
@@Scriptorsilentumtheir insecurities, it boosts their ego’s acting superior
@@Scriptorsilentum That's because their money defines them. That's how unimportant and shallow these people are. They don't have the same level of value as other humans do, which is why they think money is everything because they have insecurities of not being worth anything without the money. Those are just people with very sad and pathetic lives because without money, they feel they have nothing.
I've ridden the struggle bus for 57 years, but I've always known that kindness didn't cost a penny.
yup
Dougo is that you?
@@douxchats2868 Yup. The struggle bus, lol. I'm gonna use that.
ICU nurse here, I’ve met a lot of supposedly well off patients that have been very humbled by a health related event/ accident.
Be kind.
Appreciate the reminder!
❤
You don't need to be ICU nurse here, nobody is impressed
Very true. A bad health scare sometimes is all it takes to humble people and bring them back down to earth.
@@CM7777...BE NICE!!!
In defense of the ICU nurse I’m sure he or she has seen many tragedies and tears so cut her a break my mom & 2 sistas are all nurses and believe u me,after all the days & nites waiting a month laying on my back with my leg in the sling for the swelling to go down the majority of nurses were humbe & kind but there were 2 that were mean dominating & criminal stealing my shot of morphine as if I couldn’t tell the difference I should of reported her but I was too apoplectic at the time to but grin & bear the pain4 more hours till new nurse arrived to give it to me
Most people can’t think past their noses. There is no empathy in this society.
Can’t save the world.
Family first and focus on oneself.
Agree which is why history repeats. And last time certain things were like they were now... we had either a recession or a depression. I think it gets way worse before it gets better and if folks think they don't have anything now, they just need to wait 3 to 5 years.
If you cannot see that there IS empathy out there then you are part of the division mentality, there is so much empathy out there it is not funny. You just are looking for it in the wrong places. Open your eyes and look outside of the News to see the real people in your own communities, look in the eyes of those in the grocery line with you or walking past you on the street. There are more of us with Empathy than there are not. Sympathy is not for the politics of it but the humanity trapped in the spiral , so ReRUN that thinking
@@Feribrat99 I never said American was bereft of empathy. I’m obviously here identifying the issue, so would probably have just even a little myself don’t you think? Not sure what size city you live in but that has a lot to do with it as well. I’m in no way saying there are no empathetic people, but rather saying that it is far outweighed by selfishness and greed at the moment. Also, empathy, like much else in life, is subjective. Many believe they are empathetic but don’t actually have experience with individuals outside their class to truly understand and express true empathy. The thing that proves to me that there is a lack of empathy in this society, is that people are surprised when you are nice and giving. When having conversations, people seem on edge looking to find what angle you are trying to trick them with. One of the more annoying things also, is that a male can’t have a polite conversation with a female without them thinking they are being approached with a sexual nature. Some may say it speaks to current women’s egos, but I question where nature of the reaction comes from. Have males come to so indiscriminately approach females that that has been their learned response? Why can’t people commune together as humans without such derisive attitudes?
Edit: PS, you basically proved my point with the tone of your response.
@@Feribrat99 The comment itself came from a place of anger and judgment at Brad and his "cold" comment. "How dare he." Not very empathetic.
I'm glad you brought up the " Bragging Brads."
I got hit with a Triple Wammy. All within 2 years I lost the roof off my house, got diagnosed with cancer and the banks closed!
I was a single mother.
I managed to raise my child who is doing fabulous but lost everything else. All I hear from gloaters is how well they planned. Well, I planned too. But, I didn't plan This. I'm grateful that I did plan and had savings at that time. But, that only goes so far and I'm disabled. I'm not a drug addict or alcoholic. I've worked hard and HONESTLY my whole life . I paid my taxes. I'm not looking for any sympathy or handouts. All I want is Respect.
Please don't give me 'that look' when you pass me by.
I love this one. "Oh...I would Never let that happen to ME."
I hope it doesn't.
It CAN happen to YOU.
Be kind.
~ 🦋
1980 vs 2024 1980 minimum wage federal government 3.35 hour =536.00 a month Average rent 243.00
2024 minimum wage 7.25 hour =1160.00 a month Average rent 2,073.00
CEO Salary 1984 Average 400,000 CEO Salary 2024 17.6 million
We are f**ked as a country . things needs to change no one should have to work 2 and 3 jobs just to make it .
I really want to see change
Change is indeed coming - prepare for escalation of hard times.
Only 1% of workers earn minimum wage. You can’t get people to lift a finger for minimum wage where I live.
@JulieHiltbrunner that's a lot of people. Plus, 4 million make under 10.00 hour . My point is that pay hasn't kept up with inflation . But the CEO salary has gone up almost 44% . I've been around a long time. It's just a shame how people struggle.
@@clemmytinelyday6536 Globalist's agenda is to eliminate the middle class worldwide and they are on schedule.
@@JulieHiltbrunner Basically, you get your first raise after your trial and training of say... 90 says and technically. You are NOT making minimum. So a bit deceiving. Still, those say under $10,00/hr and higher in some larger cities to states. ALSO LEST WE FORGET ALL KEPT AT PART-TIME especially if in non-Right-to-Work state where a higher fear of Unionization is.... that is huge. SO SORRY JULIE. Of course few will be working full-time at the bottom minimum wage.
Now look into those still by their state/county under a wage seen as within the poverty level. That 1% goes up in many regions quickly. Also under 18 folk that some states allow a sub-wage or more at that bottom minimum living at home and in school. Many Red states have the highest Poverty levels and them states get the MOST Fed $$$ from DC yet scoff at it as evil..... So much inability to realize that THE MIDDLE-CLASS for DECADES HAS SHRUNK BY NOT KEEP UP vs THOSE WHO are smarter, save more, invest more.... do not get bad divorces where neither is richer, have a spouse who is a spender perhaps and GOD FORBID someone gets a arrest record that stays for life... Plenty of places that WILL-NOT-HIRE-THEM and broken families with no positive views of their lives nor their children are prone to degrees of failure vs those born into a middle-class good home not in a area of issues, fears, gang risk and lower performing schools. ALL NEVER WAS EQUAL... yet LESS EQUAL TODAY in how as a nation the top few % have a higher share of wealth vs a few decades ago and pay less taxes in endless finding loop-holes, shelters, cheating and abusing the system just as badly as they say some of the lazy poorest do.
Still if they have an address, follow the rules and do not break them.... they will be ALSO on gov forms of assistance. Food Stamps/Card to even non-profit aspects by county and state by wealthy individuals etc.
Agree Michael, don’t get ahead of yourself because life can flip on a dime through bad luck and no fault of your own. Let’s always support each other constructively regardless of our respective bank balances.
Absolutely
@@MichaelBordenaroShould we support people who got greedy, took more than they were entitled to and now are in trouble?
In 95% of these cases where people are stuggling, it is due to living beyond their means and getting in a hole they can't escape from as a result.
@@Tugela60 Because they have NEVER lived Below their means ! Its harder for those people trying to do that now when credit is high cost & before it was almost free with 0% interest. They can't get off the breast milk because they NEVER Learned ! 🤔
I think people who make the most of their opportunities should be allowed to gloat. What is the point in working hard and making money if I have to share it with those that didn't ?
@@garethwilliams4467nobody asked you to share it? I do see where you are coming from and if gloating is your vibe, then enjoy that. Just know you are never immune from change and cannot control if disease hits from nowhere or something happens that changes your gloatable status. Many will be quick to take pleasure in seeing that happen to you.
I think all politicians should buy their own groceries with their own money and not ours.
You should run for public office
I think there shouldn't be politicians.
In addition they should pay into SS and then get it when they are old.
exactly....our money
It’s not the politicians. It’s the oligarchs who own them, and the people who lick the boots of oligarchs.
My late husband was 58. He got sick. I hung on in 2016. Then had to make decisions in 2017. I hung on till the Fall. First thing to go, one car. Then defaulted on all my debts. Sold the house at the bottom. Bought a shitty trailer in a park in Florida. Hubby died. Sold my other car. Sold my trailer. Lived 8 months in my 5 year old granfsons room. Then a senior subsidized apartment came up. I had applied 2 years previous. I saw the writing on the wall and made decisions for worst case. I like my little apartment. God saw me through. But affording food is tough. ❤
Just keep going. You're on the upside now. Grow food in your trailer. Little led lights are cheap at Harbor Freight. Get you a side hustle.
Hi Nikki, I’m glad to see you’re managing now, and are now in an apartment. 🙏
People that are older don't have the option to work harder. We can't earn more money now that we are old
I am working outside in Florida 5-7 hours five days a week. It’s hard. Very hard. I pay for it physically.
It’s true! Age makes you learn slower, heal slower, act slower. What we have more of is sensitivity, wisdom, ability to listen, and advice due to having lived from experience. And we love to share that!
Two Words....The Colonel
He was 65 when he started selling chicken door to door.
I'm old and have rigormortise. I need a job as a mattress tester.
Anything Insurance touches it ruins.. remember before pet insurance it was CHEAP to take your pet to the Vet? Now forget it. We need to have a Insurance reset.
I've been thinking the same thing. Insurance makes for greedy behavior because someone else will be paying. We need to realize that we will all be paying for it eventually.
Absolutely. All of the animals in shelters could probably find good homes if the cost of vet services and pet food didn't sky rocket. A lot of pets purchased during the pandemic are flooding the shelters now.
Won’t happen with 40% excess de@ths continuing, someone’s gotta pay for all the life insurance claims thanks to pfizer and moderna..
"Pride comes before a fall, a haughty spirit before destruction." Proverbs
Indeed
Wisdom for all times!
Amen!
The poor will always be among us.” (Matthew 26:11). "When read in a certain light, this verse can be misinterpreted and even weaponized as a justification of wealth accumulation or apathy toward the plight of the poor." As Michael has sometimes stated, SOME are poor (or getting there) due to bad or foolish decisions.
Does GOD take his own advice? Will he fall before his own pride? 😂
Self awareness is a lost art in American society…so is kindness
I do feel overall Americans are kind. Don’t close your heart.❤
and humility!
@@carieyounginsurance No it’s not. Don’t confuse American society with that of liberals!
There are people who have gotten mean instead of acting with humility. Some view my kindness as weakness. The taking accountability for your own actions is non existent in many people. When you see a Lawless society with criminal acts going unpunished because you have wealth & skewed the system with a Corrupt Supreme Court. That is when you know things have got to change !
Perhaps
Empathy is usually hard earned, and some folks, never attain it.
I have met people ,that can't say thank you, it's simply not in their vocabulary "
Exactly. The act of doing.
Love this!
Depends. Very very very hard to get empathy from a conservative
@@SigFigNewton Why would conservatives have less empathy? That's a silly statement. I've seen died in the wool democrats (liberals) not want to part with one penny of their wealth to help out a family in trouble. Yet, I've watched conservatives step in to pay someone's mortgage without even letting the hurting family know who did it. I don't think it has much to do with which political camp you are in. Empathy is easy and can be faked. Empathy is MEANINGLESS without action.
I just sold my beautiful home to go live my dream life with my partner in his $1.5M home in California - until he passed away suddenly... Now I don't have my old home - nor his home - and I"m living in my sister's dining room... sigh --- Like you said Michael - one of those unforseen situations - that changed my life overnight! We cannot judge for we do not know other people's stories.... Let us be more KIND to one another during these challenging times! Om Shanti -
I remember the good old days when these heatwaves were called summertime.
That Brad guy reminds of a lot of politicians whose wealth and way of life has blinded them to the plight of others. As long as it doesn't effect them, it doesn't seem to matter. Never belittle anyone that is working and struggling to make ends meet.
Yep, karma might look you up!
Agree...our politicians are very disconnected to people they are supposed to represent. They don't work on improving things for everyday people. They focus only on donors and donors business and getting even with the other political side
@@maryklus1430yeah ,so can one vote when you know there just want more money .
Amen to that!
Politicians? Let’s talk about the people during the Trumpet years were saying how well they were doing and would tell the rest of us to FO.
I’ve learned once my wife and I got ahead not to take our foot off the gas. Keep pushing while you can because some day you won’t be able to. You can never see the curve ahead in your life that can slow you down. Thank you for your videos!
I totally agree. Thank you for watching them.!
Sad but true. There’s no quarter in this life.
@@uninsurable9028 Ya ... not even a dime ... ;)
that bit is true ... which is why you can't blame people who aren't socialist and want to share everything. We all know that soon enough things will change
Its all a balancing act of taking care of yourself financially, mentally, and physically. But they are also all interlinked.....if you mess up on one, the other two will also suffer.
Well said. I’ll never make fun of people struggling
My buddy was super upset the other night....late 50s and working at home depot but he loves it.....He used to make 200k a year....His wife is upset and wants him to make the money again but its GONE....I told him I am in the same boat used to make 200k a year and now I make 3000 a month late 50s and no other choices. That is the time we live in.
@@Mikefngarage times are tough for sure
@@Mikefngarage
Where did all the money go?
I made $160k-$200k in my career and retired debt free in 2020 at 49 with no issues.
Saving,investing,avoiding debt,and living within means paid off in my case.
@@blackworldtraveler3711 you made that money over a longer period of time. My house is paid off. and I had a few hundred thousand saved. It takes 7k a month to live here. after paying that you need to pay for healthcare.....it is not free like up there. Not enough to retire. you really need about 5 million to generate that kind of income and have a decent lifestyle. Do you REALLY have enough money for retirement if you dont you will be aged out of the ability to work. I have been pulling from investment every month because I am way short. Yea in 10 years I accumulated wealth But I am self employed and needed most of the investment liquid so I could use it to for financing other work. Unlike when you have a JOB...your income is steady and you can properly invest. Only a small portion of what I made could be invested and I still have that but it is not nearly enough to even have a million. which wont keep up with this inflation.
I’m don’t make fun of those that are struggling… but when times were decent, I warned my friends, family and close neighbors to stop taking those twice a year cruises, and quit smoking, and stop financing brand new cars etc. and they made fun of me for my frugality. Fast forward 10-15 years to now and I’m debt free. No mortgage and money saved and invested and most of them ? Struggling to put gas in their tank ! They’re idiots !
So true in insurance! My mom was an insurance agent for a long while out they eventually fired her for approving a claim for a cancer patient that my mom said was completely valid. She said they were trained to look for every loophole possible to deny and my mom didn’t have the heart to do that with legitimate claims. Those who did screw people over got promotions tho 🙄
Politics and COVID really hardened society as a whole and wiped out empathy and compassion 🙏
Life can be very hard. Don’t give up guys and keep moving forward even if it’s in small steps.
Sometimes, its okay to give up and stop the suffering
@@darkdad55 I can understand that thought process and I’ve done that and it’s gotten me nowhere. What I do is take small wins and use that as motivation.
LMAO. I had a car drive through the window of my restaurant. I took a zillion pictures. My wife didn’t understand why. The insurance tried to fight that it happened despite police report and newspaper report. When they started to say something it was nice to say, what angle photo would you like to see of what item?
I thank god every day 🙏
For giving me the ability
To make living.
Have job to go to .
Able to spend less and save more for rainy days
And won't fall for consumerism. And just buy what needed but not
Wanted.
Amen!!
Amen
U ROCK !!! Some people have sold their soul for some money which they will loose we are all on the titanic … Prince said in the song” your better off checking your souls alright”!
Thank you! I take pride in making these videos and not constantly trying to sell people something. I do some sponsorships, but not many and only for things I think are good.
The saying "Before you judge a man, walk a mile in his shoes" is applicable here.
So true
I judge people all the time and always expect the same in return.
Unless you’ve tried to tell that “man” for many years to save and live within their means and not take out loans for a brand new expensive car and then fast forward 10 years and they do nothing but whine about the economy.
Remember the phrase “save for a rainy day?” Apparently about 50% of Americans never heard that, or have no common sense.
People having babies and not married and whine about money. Good lord, if you can’t feed yourself then abstain or use some good birth control !
Ok, I’ll get off my rant now. It’s just sad because I know so many of these people 😩
@@cjhoward409 I know some people will call you a hater, but I was raised to be personally responsible as well. Even people who make big income have zero savings, they SPEND!
I have a pension and a decent job and even my wallet is feeling pinched.
I recognize that my position in life is paritally due to luck and being in the right place at the right time. You need both hard work and opportunities to be well off.
You could also not get drunk and get a DWI, show up for work everyday, and not waste money on new tattoos and piercings.
@@MrSteeDoowhat is it with the tattoos and piercings?
Me too !
I think over 90% of society get the same opportunities ... my point is not everyone makes the most of it
@@garethwilliams4467 not really. Look at famous people, their fame was contingent on them being seen by then right producer or manager.
A job has to be available and you also have to be available to take it.
I call it the “I-got-mine-so-eff-you” crowd. Never was the lack of compassion so evident during the lockdown that destroyed many jobs/lives. The lap top class and wealthy weren’t affected, but many of us lost our businesses, jobs, homes, horse and dogs due to the foolishness over Covid policy.
I am 60 years old and lost everything. I am too old to crawl back out of poverty. It’s depressing trying to get employed at my age despite the fact I am still super healthy and athletic. I work 6 days a week, full time and overtime just to camp out in a tiny 30 year old travel trailer. No eating out, haircuts, or new clothes. I eat only 2 meals and , yes, I am skinny.
Don’t count yourself out. I am 59. I have been cleaning houses for 20 years. During Covid I lost all my business. I have scraped together enough jobs to get by. I have no retirement and I can’t clean forever. Recently I applied for a job with the State Corrections and am in the interview process. After 10 years I can get a full retirement. That will be about $90k a year. Add in social security and I will have about $110k a year. Not a fortune but I can make it ten years even though this is not my calling. It’s never too late!!!
I'm sorry. Hang in there. It will get better.
Very sorry 😞
Just run for congress or president. Lots of 60+ people working those jobs
@@georgequentin8253or Pastors ,clergyman ,or television preacher .,
I told a friend that the economy is so tough right now, that I am so grateful for the job I have
… she said that nothing is wrong with the economy and that prices that rose is just normal- she said that! I was really surprised she believed it
clearly, she is clueless
Wow, all my relatives are extremely wealthy including the sister one older than me. I’m the youngest of three. She just sold her 5acre farm in Hawaii. Right before my operation on 6/26 of an organ removal she said, I wanted to come be there for your operation but I’m leaving out of country 7/6. WTF
Your friend is very wise and you should listen to her more often.
Similar experience here, not a friend but a girl I hadn't seen since childhood and I brought up the GFC of 2008 and she was like that never happened and everything was great and tried gaslighting me saying it must have been just me
She must watch CNN and MSNBC
Friend of mine was hurt in a hit n run. He was also robbed while unconscious. He's been off work 3 weeks so far. He can't pay rent and is still sorting out disability claim. 1 emergency can put you out on the street.
that is rough!
I make less than $40,000 a year. I was laid off during Covid and decided not to go back to my career in the medical field. Now I work part time. But it was because of my career that I was able to buy a house and I have a 401(k). The house is small and the 401(k) is not huge, but both are a whole lot better than nothing. I am extremely thankful for what I have. Because I could not afford any of it now.
@@nogames8982 Have you noticed that broke artists always make low priced neighborhoods looks so great that they eventually get so expensive they have to move out? They know how to live on less and make it work.
It's called being Grandfathered in. Smart of you for staying put.
Everyone around the world need to just stop paying insurance. It should be illegal to pay for something that may happen and if nothing ever happens you’re out of money. And if something does happen, there are millions of loop holes to keep them from paying.
How is this legal?!?!
Agree i was thinking the other day how many years and years I have paid for insurance and never have cashed in on it. Why do we never get any of that money back at the end of each year if its unused? Not even every five years. Cmon. This system is so criminal.
I grew up in Puerto Rico in the late 80's to early 90's at a time when car insurance was not required. The consequences of that was it was common to se damaged cars all over. People had to pay out of pocket for their own repairs if the other person at fault and did not have insurance. Which then led to a demand of black market stolen car parts to save on repairs. Back then it was not worth buying a car that was too expensive if you planned to not have insurance because being involved in a total loss accident actually meant a total loss.
@user-lt8fb8ub3x I don't think you actually understand how insurance and actuarial science works. It's a shared risk pool, and in the vast majority of cases the insurance company pays out when there is a loss.
The largest contributor to higher insurance premiums is insurance fraud.
@@richardjohnson8114 Good point. One of the reasons Florida has had such a problem with home insurance fraud is because of inflated insurance claims that fraudulent contractors give. Then if they don't payout they sue the insurance company. Florida has the highest number of law suit cases against home insurance companies.
Boy, ain't that the truth.
I learned first hand.
I live in Ecuador now.
I love your videos, your speaking the truth about what’s happening, don’t listen to the news
While people are struggling, wealthy retail corporations are trying to convince communities to get rid of dollar stores......And local leaders are falling for it.
In rural Georgia for every 3 churches there is a Dollar General
I read they are closing because you can't really sell anything for a dollar anymore, and they can't keep changing the name of their store to keep up with inflation. It's exactly what happened to the "five and dimes" of the early-to-mid 20th century.
Thank goodness for dollar stores. Our mayor of this town of 1200 folks opposed Dollar General moving here but was for wind turbines.
I'm to poor to buy cheap
@@ToadsandTurbinesbut why ould he oppose a store?
As someone who grew up very poor, lived on the streets for 2 yrs. Finally got my act together and joined the military. Married, 2 kids. Owned a home & rental home in N.J. . Owned & sold a small trucking company. While still working a full time job, and now financial good. One thing I always remember is where I started and came from.
People are financially strapped. Family's are hurting. This guy Brad is an self centered fool. Always remember where you came from and help others if you can.
No, just the opposite. A fool and his money are soon parted. Leaves Brad out the conversation but includes all the struggling.
We don't know for a FACT if Brad isn't homeless himself why would he be on a financial support video of Michael's if he is wealthy? For some reason I don't believe anything B says, no one brags if they have any CLASS they certainly don't go around DEHUMANIZING the less fortunate (they would be on here contacting Michael asking if he can donate ) not degrade. Who raised this thing? They better teach him manners and class BECAUSE YOU WILL NEVER BUY THESE QUALITIES OFF ANY SHELVE (NO MATTER IF YOUR A BILLIONAIRE AND I MET THESE TYPES THEY ((MIGHT)) HAVE $ BUT HOW DID THEY GET THEIR MONEY? BUT THEY HAD NO INTEGRITY THEY ARE TOXIC !
Not everyone can join the military. I have a seizure disorder and am not eligible for military service.
Always stay humble, never think you are better than anyone. Count all your blessings.
Have an attitude of gratitude. 🙏
Some of these people looking down on others financially act like something bad can’t happen to them. Then when it does they blame others. Keep working hard. Hard times don’t last forever everyone.❤❤❤❤
Perhaps something already happen early in life or learned from others financially stupid mistakes.
Already worked hard.
The hard times just didn’t last forever like you said.
No reason to blame others for anything.
Most of these people experiencing hard times dug their own hole though.
@@Tugela60
Most are leaving out that part.
@@Tugela60Not accurate. The average person can no longer afford the average lifestyle. Has nothing to do with anyone digging themselves a hole. It has to do with unfortunate circumstances.
@@jomr4249 Yes it has everything to do with digging a hole. The average person is living begond their means.
Your audience appreciates your perseverance and dedication.
And I appreciate every single person who watches these videos
@@MichaelBordenaro👍👏🤗🖖🌟
@@MichaelBordenaro I watch everyday
@@MichaelBordenaroapparently not Brad 😂 - Part of the reason it triggered him is you keep calling the gains in the economy Fake. They are not Fake, clearly - they are siloed and localized
I agree with you about food. I have cut down my portion sizes but I eat healthy food. I don't need any meds at all. I cook all my meals from scratch. My Italian grandmother knew how to make tasty meals that were not expensive.
Grow your own food ! Tastes better,too. I'm eating a Fresno pepper 🌶️ I grew right now. Damn that was great 👍!
@@nicklasmillner101 My father was a gardener. Store bought tomatoes don't come close to the taste of homegrown in the garden.
My husband works in the automotive industry and we swore to never need government handouts again just a few years ago. Well they cut his hours so much we had to swallow our pride and ask for assistance again. I’m unable to work at the moment for health reasons and the medical bills keep rolling in yall. It’s no joke and people are heartless if they brag about their vacations, etc because not everyone can do those things AND afford to feed their kids. Have a heart and be kind.
People are materialistic, they don't want to cut back nor do they know how !
At least we finally beat Medicare!
Lol
🤪
😂
Lol fjb
That was so weird.
Dont worry it will catch up with Brad
Excellent episode. Everyone is just an illness away from total horror.
One lesson I've learnt from millionaires is to always put your money to work no matter how small. Don't get discouraged just because you can "only" invest like $100 per month. It can compound tremendous wealth over the course of decades. The important thing is that you keep going!
My advice for who wants to grow financially this year, is "invest". Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who do it alone. I've been fortunate to work with one for 13 years, resulting in a $2 million portfolio.
Once you hit a big milestone, the next comes easier.. would you mind dropping info of your Investment-Adviser please? I'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance
@@LufkinAmarothat's really massive!How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@LufkinAmaroIf you find a good one correct. However for most people it is easier to educate yourself on financial issues than it is to find an honest financial planner.
spot on, hate people who are doing well belittling those who are struggling
RANT ON MY BROTHER!! 👍🔥
Some people are so selfish that they don't care about people less fortunate.
Some people are so weak that they spend their time whining on the internet without attempting solving their issues.
Chance favors the prepaired mind!
@@MrSteeDooIf they spent that much effort on their jobs 😂
That’s one sad thing about the internet. It revealed how absolutely toxic some people are. And they don’t even realize how mentally damaged they are.
“Am I the ahole?” Yes, yes you are.
I have fu level money, but I care and help others that don’t.
@@utubes720 you don't have that kind of money at all. No one on here does
Michael , “I hope you live long and prosper”. You have discussed many daunting facts trying to inform us ALL. You are a super hard working person - I watch your videos nightly. Thank you
I appreciate you, Michael. I referred you to my 3 children as a resource for economic issues. I'm an ex banker of 30 years. I lent money foe cars, homes, lots and commercial buildings. My wife left and the the pandemic came. Now i run a janitorial company and officiate sports (which I love to do). When Biden took office I've had to work 7 days a week..I get tired. I also don't spend like water.
So life does change bro. You're right. One day you're up and the next your not.
Keep brining the info and I love the nature shots (that brings relief for some of the topics).
Also read The Creature from Jeykll Island - its about the birth of the "Federal Reserve" and taxation brought on by Woodrow Wilson. Thanks and be blessed son.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@AliciaSalvadore
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I'm headed to Thailand or the Philippines in 4 years. What country you moving too?
@@AlexxMaester
Thank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
The rich class lives in their own world wearing their pink glasses and don't see what is happening in the real world out here !
100%
We lived well below our means and saved when young. Now in our late 80’s, I’m living well. But I have so much sympathy for those who are struggling.
They see it.
They definitely see it, hell they created it!
My dad once told me, you’ve never seen an armored car following a hearse.
For a decade I handed out $1000-1500 monthly.
FYI: my dad was smart as Fuck!
You are right that you can lose all your possessions in a day. It happened to me at age 53, now I am 77 and things are okay and good. No room for any criticism of other folks for not having money.
Thanks for addressing this issue - we are all one step away from a tragedy in our lives. Be it our job, family or health.
Truth, some people don't believe it till it happens to them.
That's a scary way to look at life. I like to think tomorrow will be a better day.
If you hope for the best and prepare for the worst, you wont be disappointed.
@@AssetAddictDoesn’t really matter how you look at life. Reality is reality.
Only when the tide goes out do you learn who has been swimming naked--Warren Buffett
People could learn so much from Warren Buffett, but instead they prefer those who pretend to be billionaires.
Michael Bordenaro tells it like it is, and he looks good doing it. :-)
Thanks!
It's the shades 😎.
yes, he is an honest smart guy with a big heart
I use to be like that guy when i was making 2 grand a week as an industrial electrical helper. Now im door dashing full time barely making it. I am now humbled and i will hold on to my next job for dear life.
You are Correct! Life is subject to change WITHOUT notice.
Thanks Michael for the show. I worked in Az outside during 124 degree heat. It did cause me to slow down. Every half hour it was drinking water and a short rest. I'm an Az native used to the heat but hot is hot. I am blessed to be retired now and thankful for social security. Good insight for those not so fortunate as we are.
"If you have nothing good to say, then don't say anything at all." This is a lesson that should have been taught to everyone as a child.
My mother taught me that. 😊
~ 🦋
Micheal, I very much agree with you position about Brads attitude. I think it is good for people to be humble and to try to understand each other, while at the same time it is ok to be critical and skeptical of others as well, when warranted. I was raised by a single mom in my Grandparents home. My mom worked all the time and was rarely home, my Grandpa worked at home but was wealthy, but very frugal and down to earth. I was called spoil by other kids and people do to the home I lived in, what they did not know is that we had no AC and they had central AC, they had all kinds of fancy food and my grandma made everything from scratch, I would get yelled at for leaving lights on, ect, things those that were not "spoiled" never had to worry about. My grandparents went on long vacations, two months or more (they were in their 70s already) and since my mom worked all the time I learned to cook my own food, do my own laundry, and basically take care of my self for most of the day, things none of the other kids I knew had to do, but remember I was the "spoiled one". I was even told by my Uncle one day that none of what my Grandpa had was mine, fair enough, something I already very well understood, but he had to make sure I knew my place. I got a college degree, I worked my ass off, I got a good job and retired early, I was the only grandchild who made it on their own out of the five of us. I like normal down to earth people and have met too many "Brads", who I find to be some of the most disgusting people in the world and who because of their arrogance, egos, and inflated images of themselves are in fact a big reason for a lot of the problems mankind has. On the other hand over the years I have seen another side of humanity, the habitual scammer, the have to keep up with the Jones, the wont do anything unless they are paid types and their are a lot of them out there, of all races and all economic classes, and they are nothing but users who live off of others and do little or nothing in return. Well, like I said I retired and I am ok, but I do not know how long that will last do to all the inflation and debt our nation and bad decisions our leaders and our fellow citizens make. I cut my own grass, do many of my own home repairs, I try to spend wisely, I try to live within my means, yet I see so many of my neighbors and former coworkers live large and constantly complaining about money, and who are very very jealous of anyone they think is doing better than them, and also look down on anyone who they think are not doing as well as them. Its insane, and its wrong. Humans have become their own worse enemies, and that is sad.
Really good points!
Great comments!
True, but what you describe is human nature. It won’t ever change.
Our quality of life in general has been downgraded.
Yes, it has. But I don’t think it has anything to do with material things. Mostly our life is downgraded by the quality and character of many people around us.
@@ladycactus110 Agree ! I'm better off now than I was 2 years ago but I've taken positive steps to get there. Simplified my life & recently retired but there were many decades of living Below my means. It didn't happen over night ! No credit card debt. No Big car payment. For many decades. House now paid off - no debts. It took sacrifices & no 4 month YOLO vacations to do it !
Very quick
You are so kind Michael. Thank you for reminding the people out here who don't see what utter bores they really are.
Two severe medical events led us to sell our home at a substantial loss of equity during the Great Financial Crises, moved to our much smaller condo. Paid down medical debt and now trying to save/recoup. No bankruptcies, paid off all debt. Lived very frugally to do these things. We know what happened to us can happen to anyone, through no fault of their own.
Thanks, Michael, for speaking the ones struggling. I am on Social Security and have to be careful when shopping to buy healthy food. It’s expensive!
A full life has nothing to do with your paycheck, family and friends are the true wealth. Health is the greatest wealth.
I had a “wake up “,last year when I decided to finally sell my home. I am 75, poor health, & my family lives in Arizona. So I have moved to a Middle Class Retirement Community. Just goes to show, we all get old & need to readjust. Make decisions early so you can live a “good life” & end your last days in reasonable comfort.
You are a good hearted, intelligent being. Keep on keeping on. 🏆
Thank you, I will
Feedback is always good to get, especially positive feedback!
Good job Michael, God bless you and yours.
Thank you Michael for encouraging compassion.
I learned to make soap, I make shampoo bars, foaming hand soap, face bars and body, way more healthy than the store bought detergent soap, and when people find out they want to buy it. You can also get a 5$ bag of flour and make quite a few loafs of bread I do and it taste better and is better for you than the store bought that never seems to go bad, the birds even avoid it, both are easy to do and saves money.
Amazing video!! I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
I really work hard to engage myself in someway of earning more income and pay my taxes. My family is happy once again and can now afford anything for my family even with my Retirement.$67k weekly returns has been life changing, after so much struggles.
Hello how do you make such weekly??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
@@LaughbaumTara Elizabeth Stewart I really appreciate her efforts and transparency.
I remember giving her my first savings. $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement.
IMO this is your most spot on video yet! Re: people don't understand other peoples troubles or care.
Being 69 I have seen a number of recessions and have been up and down a number of times. Thank goodness SS and pension have given me a decent living so far, but if inflation continues, things will be changing once again.
Good grief, the man is not in touch with the rest of us. I lost my job last year and had to change my life completely... I had to learn to live with the amount of money I bring home. .. and although my boss offered a full time position I picked up an additional 2 hours a day because I am now enjoying my extra time. Everyone situation is different.
I couldn’t even downgrade my life when I been trying to upgrade it for years😢😢The goal posts keep moving every time I take 1 step forward.
Had medical emergencies here for entire family. Been in ruin for a while. It’s called empathy, and yes people should have it….they choose not to.
This is the best channel on RUclips, I watch your videos everyday and I always learn something. Thank you for always telling it like it is and not sugarcoating anything! We are all fucked in this economy!
We had a baby born during Covid, I buried myself in debt to provide for my family with the same level of quality and am just starting to get out of it. I swear the timing of these economic events are terrible for my generation. graduated high school in 2000.
Your family comes first that's necessary good debt. Covid destroyed your generation. The 3 biggest fads in my life were the hula-hoop, the yo-yo and covid.
Graduated in 06 and this is the second economic crisis of my life. The one in 08 set me back to where I’m 37 and still renting but barely have eliminated all of my debt and am saving. I’m just hoping this time around maybe I’ll be prepared for an opportunity to own a home. It’s crazy how expensive things are now. God bless!
When times are hard you need to scale back, not "maintain the same level of quality". You can't afford to do that, a responsible thing would have been to reduce your expenditure appropriatelt to build a reserve, not keep on living like nothing changed. But few people did that, so now the bills are due and they can't cope.
I graduated in 1991.
Same here man, same here. January 2020, we had our Daughter. Covid wasn't here yet(it probably was) but 3 months later everything shut down.
Thanks for being a real human being in this crazy world.
I don't know how you do it. Especially on a daily basis. It seems to me when putting out the amount of volume as you do, it would (eventually) become very difficult to cover new topics and/or points that extend and offer even more perspectives of your past video's... Updates, if you will. Yet, you consistently bring quality, factual information. Yes, I know it could be said that "He's already covered this," but it's always good stuff "in addition to" or as those stats change. And you nail it. Also, I'd like to add the compassion you show towards the less fortunate or victims of our economic situations. And it is obvious you do speak from past experiences. I think any of us having gone thru troubled times in our lives don't only hear your words, but actually feel them...as you do. You sir, are a class act. Thank you for what you do.
Well said. Michael is indeed a class act.
@@truthseeker1959 thank you. I sincerely mean everything
Michael you’re a great guy. I hope some of the folks that are smug about their good fortune take heed. I am thankful everyday that I am able to weather the financial crisis this country is going through. All the best to you and yours.
Michael..very well said. Many people cant and wont realize that not everyone is sitting in a great position. Many have no empathy.
The most important thing you can have is your health... Bred !
My Mom used to tell me that everyday 👍
Amen Michael. I know a person as you are describing and I just told that person that poor people getting poorer is not good for anyone. It destroys lives and affects everyone.
Very much appreciate your education and wisdom! 🙏
When pride comes, then comes disgrace, but with the humble is wisdom. - Proverbs 11:2
This is a pitiful country to live in these days.
It's global in western societies
Preach on Michael! You speak the truth Michael... You can be rich and not a douche Brad !
Videos just under 20 min is perfect. You do a great job
You are so right. People do struggle and those who have a great job great. But not all have that. Many are doing well until the economy collapsed. I am doing ok but unfortunately understand those who are struggling. Hope to give more to those that need basics
Most wasn’t doing well to begin with.
Always basically paycheck to paycheck living fake lifestyle comfortably on debt.
So used to debt lifestyle they were slaves to work instead of building wealth.
Spending (A LOT) more on insurance than on food is just insane. Medical and insurance industries are going to break our backs. Cost of living is out of control.
Not to mention property taxes.
I got in line behind an older gentleman today that was on the phone with his wife. they were trying to decide what to put back because the total was too high. I felt so bad, and it really seemed like this was something new they were going through, so I paid for them. Sad thing is I had to put it on my credit card
sheesh