Reagan's so-called economic revolution is still taking a toll on the middle class even after 40 years. Corporate profits continue to skyrocket while wages remain stuck. Trickle-down economics? More like a trickle-down myth. Perhaps advancements in tech and AI could finally bring some change.
And that chart you showed at 5:13 is a great example. Look how steady things were until about 1980 and then the trend was straight downhill until President Obama came into office in 2008.
Very true! Reagan’s policies continue to transfer wealth from the middle class to the billionaire class. Prior to 1980, those in their 30s controlled 21% of the nation’s wealth. Presently, those in their 30s only control 4.6% of the nation’s wealth & this share continues to shrink. We need to bring back democracy. We need to pay closer attention from whom our politicians accept campaign donations as that is whom they serve & that is where the nation’s wealth will be directed.
“America, we must make a choice, we can have democracy, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Supreme Court Justice Louis Brandeis
You still have to pay property taxes and the homeowner’s insurance. With the inflation increasing, you will still need to find money. You still have to pay car insurance and car repairs. We will til we no longer can. Retirement is not going to be enough.
I am 55, single and no kids. Been working 40+ years and never made a lot of money...and still don't. But I always lived within my means, paid cash for "wants" in life or didn't buy, made meals in bulk to freeze, have a reliable, inexpensive vehicle that I keep maintained, bring my lunch to work, drink wine out of a box (LOL), and the financial cut back list goes on and on. Today, I am debt free, own my house and throw most of the money I make into my savings with a couple of home improvement splurges a year. It's been a long and hard road and will continue to be, but if you have the discipline and determination, you can get ahead and in a better place. Some people have been cruel saying I don't have a "real life" of going out and spending my money on entertainment, expensive clothes or trips, but I don't give a rats ass what they think. I have shelter, heat, food and enough money in the bank to spare no expense on my cats vets bills if needed which is what is most important to me. I think I am pretty fortunate. :)
going on vacation is so overblown its not even funny. Sitting in a crammed seat of an airline, chasing around luggage, hotel room, car rental, people trying to rip you off everywhere. There is a channel where the guy does walkarounds at famous tourist spots. For example, the roman colloseum and there are people all over the place, yet nobody is even looking at it and its right there heh.
Hmmm Im seeing more young woman succeeding and breaking barriers. White men are floundering because they had felt privileged and became lazy. Im an old man have 3 adults 32 & 31 young men and 1 30 yr old daughter. Daughter corporate focused f/t p/t side hustle strong followed a very specific path. Young men struggled cause they played beyond means. They are settling down but I see they need to be around much younger woman as they are as mature as them at 10 yrs difference…
@rubicon3416 it's possible in areas of SC. My county, Abbeville, has low taxes. I live quite well on a 7 acre plot in the country. House, truck and land paid for. Just have to pay the dastardly property taxes..but it's pretty reasonable.
When i was starting out, my parents criticized me for saving and not spending and according to the government i was the type of person who was stalling the economy because i was not spending. I replied, that it is better for the bankers to pay me rather than me pay the bankers. I no longer heard any criticism. Not getting married and not having kids helped with my early retirement. I have owned a number of homes.
It took me working, investing, and saving until I was 55 years old to retire debt-free. Living below one's means is paramount. I have always driven practical cars without bells and whistles. A/C and tunes are all I needed. Make a timeline from today to your 65th birthday. If you are not on track make the appropriate changes. YOU are the only one you can count on. Taking care of your health is above all. STOP all the bad habits this year, exercise and eat right. Good health is cost-effective in the long run. Buying things you don't need with money you don't have will result in problems.
When I was 19, I purchased raw land and a used travel trailer to live in that I parked on my land. On the nights and weekends after working construction for my boss, I designed and built my home with my own hands and without hiring any labor to help me. I purchased that property debt free and also built it debt free. As a result, I've been debt free my entire life. All of the money that I make goes into precious metals stacking. I like silver much better than gold due to the gold to silver ratio and the mining ratio.
@@pycJIaH77 I have. I sold the first two homes in order to afford to quit my job and build for myself full time. Then I started keeping them for rental properties. Once a month when I get my rent money, I purchase more silver.
You are very wise. I am also debt free, and most of my retirement money is in precious metals, that I have in several locations. Cash is trash, but I have a good emergency fund, so I don’t have to touch my metals. I will cash out my silver for gold, when that gold to silver ratio gets to the right ratio.
Don’t give up folks..ever. I was broke 10 years go, but was a bright and an honest person…things eventually got better. I’m now in a good place…if you have a chip and a chair, you are still in the game.
Michael Michael Michael. Love you but NA is a third world country.tRumtie Dumptie, Elon & the Billionaire club. God save you. You guys are so naive/ young. Learn from history. Keep your eyes open and squash Judas’s and power hungry idiots wanting to be BrownShirts. ( you know how NA’ s like badges & uniforms.) Remember the last Big Disagreement in Europe and how it started.
My parents used to tease me about my “sock” money. The money I made doing chores or babysitting, cleaning houses. If I had “sock” money, it had to go for school clothes, etc. Being poor, I HATED IT with a passion. The one goal I had was to buy a house. Bought first house when I was married and 22 years old. Sold that one, bought one in a nicer neighborhood. On and on. Bought a property right before a crash. The area took very long to recover. By that time, decided to just keep it as rental income. I didn’t get any handouts either. Just saved and worked.
I am a senior on tiny pensions and the only thing saving my sorry butt is being debt free. It was a long journey of being super thrifty but I’ve now been debt free for five months. It is amazing that now I actually have “extra” money each month. This hasn’t changed anything as I put away money every month. I’m not sure if my 23 year old car or my roof will be needing replacement first. I am very grateful to have had thrifty parents. Lucky me.
10+ years of experience in my field. Can’t even land an “entry level” position. Been working several part time positions since I was laid off in 2020 and it has absolutely decimated my savings. In debt for the first time in my life, and it’s already swallowing most of my take home pay. I can’t imagine how difficult it could be for others.
Might be the wrong field then, at least in the current tough environment. Consider applying outside of your field, just to keep the bills paid for now.
My father gave me a lecture, when I bought a higher end telephone as a junior high kid, “Champagne tastes on a beer wallet” and that stayed with me. Now living in a paid off house of my own doing and not freaked out by inflation.
I came to this country as a teenage refugee over 30 years ago. My salary is about $75K, I have 3 months of emergency fund, I contribute 16% to my 401K, I owned my home outright, no credit card debt and I drive a 17 yo car. I truly like being financially independent. Thanks for this video 👍
I'll bet a huge number of people who have no savings or any kind of wealth whatsoever nevertheless have a ridiculously expensive new car and have the latest iPhones and endless other luxuries. And they'll be the same people who turn up their noses at people who have modest possessions.
That's true, but we have to realize these people have been terribly misinformed and trained by what they see in social media and other forms of commercial marketing scams. They've been been presented with an image of "success" that isn't real, and we should feel a little bit sorry for them.
Agreed. I recently replaced my dying IPhone 6S with an IPhone 12. I’m definitely one who doesn’t need the “latest and greatest.” The result is financial happiness and endless nights of deep sleep!
i have 1 set of dishes and utensils. 1 paid off car and 1 computer. live in a cheap part of town and earn good money. no debt. life is easy once you realize how little you actually need to be happy.
I have no liabilities. Life is about the pursuit of happiness. Piano, guitar, fishing, hunting, etc make me really happy. Should I get rid of that stuff? Naw, didn't think so.
I have 60k in the bank too. I’m trying to buy a house. Yes. That’s how much it costs to buy a house and you can’t have it in a CD if you plan to be buy. If needs to be liquid.
I began downsizing about 10 years ago.... After dealing with loss of family members..... We realized that debt had to end.... I'm Retired now & have more then what I need... & I live below my means & Enjoy Each Day.....
Scary reality check Michael. When I started watching I had zero, zip, nada. Thanks to this channel I paid off all debt and I started living far below my means and have saved about 30% my take home pay for three years now. It's not a fear free environment, but it is a terror free environment. I figure if I started up social security (I am old) With what I have accumulated, I could live for about two years. I am going to keep slugging... and drive my 2016 Kia Soul until the wheels fall off, just like the Greatest Generation would have done.
I'm from the UK and find your videos interesting. I am debt free, own my house and cars, and have a pretty good pension portfolio. But I'm not flashy, lived prudently, and paid the mortgage off early. It definitely lowers stress.
Im a new homeowner who has a question for you. Do you think that if you pay more into the house payment that your property taxes will automatically increase?
In 2007 my husband & I bought our first house for $250k sold that house before the housing boom & now that same house is worth almost 600k! We couldn't afford to buy it back even if we wanted to.
Ive worked very hard and finally retired. I won’t buy drinks and junk food at convenience stores because it’s a waste but I see many people, most have nothing, buy that stuff for their whole family all the time. It won’t change .
I retired @39. (Currently 56) I've never questioned my relative position as compared to... the Average Person. ALSO : we - 2 grown adults, live just fine on $42,000-$48,000 a year. You need very little when you are debt free and haven't got decades of Stupidity to pay back. Our peers/friends are hard at work - earning $80,000 - $150,000 per household ... and struggling. Debt and poor financial discipline's a motherfucker, folks. Stop doing that.
Wow - amazing stuff. Writing from here in Australia and was wondering what line of work you did to retire at age 39. Furthermore, what sacrifices did you make to retire so young?
We purchased in 2015 and in 2021. We got lucky, I know it. There is no way we could have bought a house in a good area nowadays with the crazy interest rates.
What you said about calculating the real cost of owning a home is something I keep trying to explain to my family but they do not understand. I'll buy a house when the prices come way down, it just doesn't make sense to do so at this time.
Your family is correct. In the long run, rents will be higher. In the 90s apartments were $500, now they are pushing $2000. Lots of mortgages are much lower than today’s rents. Living in a paid off home is even cheaper.
Great video! I needed this advice years ago when no one talked about it! Why do they teach things like calculus in high school yet miss teaching classes on financial independence and security? Why they won’t teach budgeting, knowing about stocks and bonds, or compounding totally escapes me!
Should have just just asked a teacher or spent time in the library. There are personal finance books for kids as young as eight years old….with pictures. I have been saving and investing since 15. First book I read was by Jane Bryant Quinn.
Michael, FL law allows a homeseller to make $250K in profit before they must pay any capital gains. (Last I checked.) And Rudy Giulliani is happy that FL law also allows homesteaded property to be non-bankruptable.(So he is able to keep his FL condo.)
4 years away from retirement at 39 years old. Every day I’m thankful that I joined the military at 19. Get that retirement and some disability (thankfully I’m not too bad off) and I have a post Army job lined up.
I know a lady that is 100% disabled veteran that was a cook & never served in a war but gets 4k a month for 4 years of service because she claims ptsd. I think they need to re-examine people because I'm surr there are others that could use that money more.
Wow, I didn’t know I was in the 8% club. I love my 2010 Ford Focus (59,000 miles) and my little 2 bedroom house in the hood. I laugh at the people driving their fancy new cars, which a lot of them can’t afford. I also laugh at the people who are mortgage poor. Financial peace is worth way more than all that stuff.
The rich generally don't. My brother and I used know a very wealthy surgeon that we used to go to breakfast with once in a while, the man would never buy a newspaper, he liked to read it but he would never buy it, he would wait for someone else to finish reading their newspaper and throw it away, and then he would pick it up and read it! My brother said to him once "Lee, why don't you just buy a newspaper?" and he said "If I buy a newspaper every single day how much will that cost me a year?". Everything that man did was business decision... EVERYTHING.
@@BillySBC I worked for a doctor and when someone else was paying for dinner it was always at the fancier places, when he had to pay it was always at a diner or Mickey D's.
Most people I know that are in the 1-2% drive nice cars, but dress cheaper and don't dine out that often. They know the value of investing money and having it silently work for you rather than showing off.
Hi ,Mike. U made my day.I passed every test of yours,specially the zero debt and on down all of them.Great to see someone understated,big time common sense and great teachings.
You can sell your primary residence and be exempt from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly. This exemption is only allowable once every two years. You can add your cost basis and costs of any improvements that you made to the home to the $250,000 if single or $500,000 if married filing jointly.
Thanks for doing this video. Too many people are sucked into the comparison game and all the lying and bragging. It makes people thinks they are doing poorly when they are doing as well or better than their peers.
If you buy a house and it cost you 3000 a month for all the expenses like taxes, insurance and maintenance, then you rent the same house and the same neighborhood for 2000 if you stick that $1000 difference in the bank every month, you will come out ahead after 5:10 years. That's the way it works
My in laws 'boomers' worked full time and over time at a factory and eventually retired from it. They saved over $300,000 ...and that was over 15 years ago. Im sure they have more now. They retired about 8 years ago. I dont think our generation will be lucky to have that. It sucks!
People in every generation do fine. Proactive ,busy,and getting things done. Seems you’re in that group of your generation who’s mind is already made up and dependent on “luck” while others in your generation pass you by.
I think the rent vs buy thing is more trying to unravel the mindset of ”housing as an investment" instead of as shelter. To me, buying a house is about controlling the cost of shelter over a long period of time. Right now, its cheaper for me to rent than buy. I'm taking time to get my debt in order and get in a position to buy a house.
Living large in Ohio home paid for. $3000 a month retired. $2400 property taxes, $1700 house insurance $500 total utilities. All good . 500 to 600 leftover. Rents here cost 700 to 1000 a month for a older rental home or 2 bed apartment. Rock on Florida and California!😂😂😂
Retired, 56, excellent health and health insurance, no debt. Live well within my means! I actually retired at 36 in Hawaii after working construction and commercial fishing. If you can buy or build in an upcoming area, you can sell for enough to pay off your mortgage or reinvest. Flipping just a couple houses can set you up for life.
You forgot rich parents, that puts you ahead of your peer group. All my peers living the good life have rich parents that bought them a house and give them a monthly allowance to raise their kids. Most everyone else is living paycheck to paycheck and can't afford to have a family.
It's crazy how many parents don't care about their kids enough to save them from going to the loan sharks to survive. An inheritance is a noble thing. Leaving you kids and grandkids nothing is pretty shitty.
I'm the first one to admit that I'm not a finance guy although I've never been in debt. But I promise you nobody cares what cars you drive. And the people with these luxury cars don't have any clue what they're buying. I have saved countless customers by getting them to downgrade to something reliable and not flashy. Cheers guys. drive Toyota.
This is household income, so it is usually two people or more also. I hate the household stat because it is a way to fudge numbers. In 1989, there were a lot more homes with only 1 person working.
My monthly expenses are super low because I don't earn enough money to afford an apartment or a car. So I have $3k saved, but that varies quite a bit depending on emergencies, and motorcycle repair costs. On one hand I'm doing well. On the other hand I'm impoverished and one step above living on the street.
Health is your wealth and without it you have nothing 0.00 as Ted Broer, 68 years old, grandfather and CEO of Healthmasters teaches his viewers. Ted lives in Florida. Like him or not he is spot on
I was debt free at around 45, I am 54 now and I have a few things to thank for that. I always worked when I could although I rarely enjoyed it as I am a plasterer. I always saved what I could and was never flash in any way and I always excercised on my own in the evenings so even though I qore cheap cloths I at least lalways ooked alright. I bought a little MX5 last year with cash as a well done to myself so that I can enjoy some trips through Europe in the summer etc. Can't help but smile when I think of some of the comments that my old cars have had over the years from people with big bloated lease cars. It's gone midnight and I have work in the morning but I haven't set an alarm as I will get up when I get up, start when I start and come home when I feel like it. I'll keep working but it's easy street from here with my little Mazda and by Billy Idol CD.
This is an excellent public service announcement; it offers a reassuring message. As a retired resident of Thailand, I can attest to the affordability of living here on Social Security benefits; my cost of living is significantly less than it would be in the United States. Thank you for creating this comforting video.
Paid off home in 8 yrs. Purchased 120k now flying off shelves at 500k. Im old & divorced did this before to include multiple rental properties. I don’t play, no vices and keep my zipper closed. I work hard (physically and mentally) and I love the businesses I operate and work in and on… find what you love work hard. Most importantly watch ur vices i see that as the number 1 downfall in life…..
16:00 Paying $1900 in rent will become $684,000 after 30 years and that’s if the rent never changes. In the 90s an apartment could have been rented for $500 which is impossible today. Renting long term is basically paying for everything for the landlord and then some. They pay for insurance, property taxes, maintenance and a little extra for the landlord and the property manager. At the end of the 30 years, renters will pay more than the homeowner while the homeowner gets the retire with a lower cost of living.
I agree. I have a mortgage on a 3 bedroom house. 5.8%, mo rtgage with tax + insurance is $615 a month. In Iowa. Taxes are deductible. Very very grateful to have a house. I was a landlord of a cottage before. NEVER EVER AGAIN!
The problem with people saying live below your means is that everything is fuckin expensive. 20$ for a 50lb bag of ice salt. It’s all of that shit accumulating
High paying dividend stocks. I made over $600 in dividend payments last month. Also have a very nice Government pension and will get Social Security in a few years if I want to start collecting early. For most out here I think Dividend payments & Social Security are the best way to survive!!!
@@rubicon3416 On the other hand you might have the opportunity to invest in an employer matched 401K. Gov workers do not have that. In addition, a good portion of their income (maybe 20%) is taken to fund the pension.
Regarding your question about what’s the difference in renting or coming out break even after ten years of owning a home is…you break even! When you rent you get NONE of your money back over ten years. It’s all gone! But if you sell your home and you break even then you just lived ten years FOR FREE!
Exactly. People who bought 10 years ago are definitely living easier than renters today. Their payments are much lower than rent today. I know 2 people who had mortgages of about $900. One is still living there and the other sold in 2020. The one that sold in 2020 regrets selling. Landlords in the hood don’t even rent for under $900.
In the late 1970's thru the 2,000's, us just reaching adulthood baby boomers were all about materialism. We confused the images we saw on TV as a normalized reality. Who of us _Didn't Want_ that Brady Bunch house? Along with 6 kids, a stay-at-home mother...and a live-in maid, all _Comfortably_ on one guys salary. The Cosby's Mom, who was a Lawyer that _Only_ worked 9-5 and came home energized enough to handle 4 kids. Those sweet apartments in Friends, The O.C.,etc. All of this (and the advertising) told us we couldn't be happy unless we consumed.
That Brady Bunch house was sweet. Mike was an architect which we all understood was $$. That exterior shot did not contain the interior set. That staircase was epic. That kitchen wouldn't suit millennial tastes now:)
I have my home paid for, 92k in cash, 2600 hundred ounces of silver, 71 ounces of gold, and over 272k in crypto that I am starting to cash out in this bull run....... life is good.... worked my ass of to get here,.... very proud of myself
I know personally 10 people who has to file bankruptcy in the last few months I have had to take on mowing jobs and small engine repairs and washer and dryer repairs just to make it.
@@jjred233 You have to be a pretty lousy home buyer and/or kids tearing up the place for maintenance to be that much each a year.. Heck I changed a few light bulbs and replaced a bad heating element in bathroom vent the past ten years.
“America, we must make a choice, we can have democracy, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Supreme Court Justice Louis Brandeis
In your 10 year comparison story of buying vs renting. If you break even on your house after selling and subtracting property tax + maintenance, then what you're left with is 10 years of free rent essentially. It still pays to buy in that scenario.
Those are just words. And words are cheap. Do it in real life and see if you end up with 10 years of free rent. It’s a risk and sometimes it can pay off and sometimes its doesn’t. It’s a decision you have to make. Make sure you analyze and do the math.
$2M for a crappy house with a one-car garage? Screw that! Debt free here (do have mortgage, but it's going away later this year pending sale of a rental), $1.4M net worth, high school/tech school education. Feeling very fortunate to have made mostly good financial choices thus far. It's a giant casino we're all playing in and the house has the advantage. The average guy/gal is holding on for dear life and that's about it.
Even then, property tax is essentially renting the ability to live there or else the state will kick you out and sell your home to someone who will pay the rent... I mean tax.
The (OVERDUE) Collapse of the 9-5 Job ruclips.net/video/Kp0XA-m9k5Y/видео.html
Welcome to capitalism. It's fueled by materialism.
Reagan's so-called economic revolution is still taking a toll on the middle class even after 40 years.
Corporate profits continue to skyrocket while wages remain stuck. Trickle-down economics? More like a trickle-down myth.
Perhaps advancements in tech and AI could finally bring some change.
And that chart you showed at 5:13 is a great example. Look how steady things were until about 1980 and then the trend was straight downhill until President Obama came into office in 2008.
Very true! Reagan’s policies continue to transfer wealth from the middle class to the billionaire class. Prior to 1980, those in their 30s controlled 21% of the nation’s wealth. Presently, those in their 30s only control 4.6% of the nation’s wealth & this share continues to shrink. We need to bring back democracy. We need to pay closer attention from whom our politicians accept campaign donations as that is whom they serve & that is where the nation’s wealth will be directed.
“America, we must make a choice, we can have democracy, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Supreme Court Justice Louis Brandeis
It doesn't matter what your financial situation is if you're not in good health. Make sure you take care of yourself
How very very true indeed
Never seen a U-Haul following a hearse
Scion so true our health is paramount. Having money is okay, yet having good health is monumental.
💯
If you have your health you have everything......as long as you have your health....
I paid off my mortgage 14 years early last week and my vehicle will be paid off in March and I’ll be 100% debt free! Whoo hoo!
A great feeling! Congratulations!
You still have to pay property taxes and the homeowner’s insurance. With the inflation increasing, you will still need to find money. You still have to pay car insurance and car repairs. We will til we no longer can. Retirement is not going to be enough.
Amazing !!!!🎉
🎉 amazing
@@fizzimajig awesome aint it
I am 55, single and no kids. Been working 40+ years and never made a lot of money...and still don't. But I always lived within my means, paid cash for "wants" in life or didn't buy, made meals in bulk to freeze, have a reliable, inexpensive vehicle that I keep maintained, bring my lunch to work, drink wine out of a box (LOL), and the financial cut back list goes on and on. Today, I am debt free, own my house and throw most of the money I make into my savings with a couple of home improvement splurges a year. It's been a long and hard road and will continue to be, but if you have the discipline and determination, you can get ahead and in a better place. Some people have been cruel saying I don't have a "real life" of going out and spending my money on entertainment, expensive clothes or trips, but I don't give a rats ass what they think. I have shelter, heat, food and enough money in the bank to spare no expense on my cats vets bills if needed which is what is most important to me. I think I am pretty fortunate. :)
Amen buddy. I'm a mid age adult and on that same road.
@@deplorable-2013 Awesome! :)
Cats are the best! You are spot on with all of your comments.
@@mikecoffee288 Thanks so much for your nice comment. Yes, cats are the best!
going on vacation is so overblown its not even funny. Sitting in a crammed seat of an airline, chasing around luggage, hotel room, car rental, people trying to rip you off everywhere. There is a channel where the guy does walkarounds at famous tourist spots. For example, the roman colloseum and there are people all over the place, yet nobody is even looking at it and its right there heh.
Social Media has drastically skewed peoples perception on obtainable wealth, especially young women...
People love to show off and act like they’re above others when they really aren’t.
Facts
Be the captain of your own ship, don't be distracted by others....
its probably the most destructive technology on the planet 😞especially for the young
Hmmm Im seeing more young woman succeeding and breaking barriers. White men are floundering because they had felt privileged and became lazy. Im an old man have 3 adults 32 & 31 young men and 1 30 yr old daughter. Daughter corporate focused f/t p/t side hustle strong followed a very specific path. Young men struggled cause they played beyond means. They are settling down but I see they need to be around much younger woman as they are as mature as them at 10 yrs difference…
I only make 44,000 per year, but my house and vehicles are paid for so i am doing just fine.
Well done!!
could survive on about $900 a month, paid off house 17 years ago, paid off car etc, 39 years have done 99% of Maintenace by myself, zero debt
11K a year? What state? Property taxes must be non existent.
@rubicon3416 it's possible in areas of SC. My county, Abbeville, has low taxes. I live quite well on a 7 acre plot in the country. House, truck and land paid for. Just have to pay the dastardly property taxes..but it's pretty reasonable.
@@rubicon3416 My sister owns a modest 3br 2 bath house in Savanah Tennessee and her property taxes are $243 a year.
Likewise, though I can live on 500$ a month- everything included, even prop taxes. This included going out to eat often.
@@JamesCat-qx6sb - I can stretch a quarter as much as anybody, but 11K a year? Gas, food, medical, prop taxes, insurance, repairs..
The big equalizer is debt. If you are completley debt free (like we are). And only have living expenses. 70K a year goes along long way.
(Now factor in daycare prices)
Also if you are single and have no kids AND NO DEBT then 70k goes a long way.
We’re are you finding a 70k a year salary you must work for government.
Sometimes it is just poor health. It can wreck you, both in expense and in earning power.
Yes we are retired I couldn’t believe we made 69000 last year
When i was starting out, my parents criticized me for saving and not spending and according to the government i was the type of person who was stalling the economy because i was not spending. I replied, that it is better for the bankers to pay me rather than me pay the bankers. I no longer heard any criticism. Not getting married and not having kids helped with my early retirement. I have owned a number of homes.
It took me working, investing, and saving until I was 55 years old to retire debt-free. Living below one's means is paramount. I have always driven practical cars without bells and whistles. A/C and tunes are all I needed. Make a timeline from today to your 65th birthday. If you are not on track make the appropriate changes. YOU are the only one you can count on. Taking care of your health is above all. STOP all the bad habits this year, exercise and eat right. Good health is cost-effective in the long run. Buying things you don't need with money you don't have will result in problems.
When I was 19, I purchased raw land and a used travel trailer to live in that I parked on my land. On the nights and weekends after working construction for my boss, I designed and built my home with my own hands and without hiring any labor to help me. I purchased that property debt free and also built it debt free. As a result, I've been debt free my entire life. All of the money that I make goes into precious metals stacking. I like silver much better than gold due to the gold to silver ratio and the mining ratio.
I love you 😘 😁😊😘😍😁😊😘😍🧇🧇🧇🍪🍪🍪🍪😊😘😍
buy some assets that generate $$$
@@pycJIaH77 I have. I sold the first two homes in order to afford to quit my job and build for myself full time. Then I started keeping them for rental properties. Once a month when I get my rent money, I purchase more silver.
@@Rob-r2s same
You are very wise. I am also debt free, and most of my retirement money is in precious metals, that I have in several locations. Cash is trash, but I have a good emergency fund, so I don’t have to touch my metals. I will cash out my silver for gold, when that gold to silver ratio gets to the right ratio.
Don’t give up folks..ever. I was broke 10 years go, but was a bright and an honest person…things eventually got better. I’m now in a good place…if you have a chip and a chair, you are still in the game.
So put it all on red and parlay!
amen. i was broke and unemployed 5 years ago. today im doing very very well. oh how fast life can change....
I not only have a chip, I have a whole bag of em!
Michael Michael Michael. Love you but NA is a third world country.tRumtie Dumptie, Elon & the Billionaire club. God save you. You guys are so naive/ young. Learn from history. Keep your eyes open and squash Judas’s and power hungry idiots wanting to be BrownShirts. ( you know how NA’ s like badges & uniforms.) Remember the last Big Disagreement in Europe and how it started.
Chip? Potato chip?
My parents used to tease me about my “sock” money. The money I made doing chores or babysitting, cleaning houses. If I had “sock” money, it had to go for school clothes, etc. Being poor, I HATED IT with a passion. The one goal I had was to buy a house. Bought first house when I was married and 22 years old. Sold that one, bought one in a nicer neighborhood. On and on. Bought a property right before a crash. The area took very long to recover. By that time, decided to just keep it as rental income. I didn’t get any handouts either. Just saved and worked.
I am a senior on tiny pensions and the only thing saving my sorry butt is being debt free. It was a long journey of being super thrifty but I’ve now been debt free for five months. It is amazing that now I actually have “extra” money each month. This hasn’t changed anything as I put away money every month. I’m not sure if my 23 year old car or my roof will be needing replacement first. I am very grateful to have had thrifty parents. Lucky me.
10+ years of experience in my field. Can’t even land an “entry level” position. Been working several part time positions since I was laid off in 2020 and it has absolutely decimated my savings. In debt for the first time in my life, and it’s already swallowing most of my take home pay. I can’t imagine how difficult it could be for others.
We are in the same boat
Learn a trade you will never be without work most times
Might be the wrong field then, at least in the current tough environment. Consider applying outside of your field, just to keep the bills paid for now.
What field of work are you in?
I agree time to look for physical labor jobs brother
My father gave me a lecture, when I bought a higher end telephone as a junior high kid, “Champagne tastes on a beer wallet” and that stayed with me. Now living in a paid off house of my own doing and not freaked out by inflation.
A lot of those people with nice cars are "$30K millionaires" and are underwater.
I came to this country as a teenage refugee over 30 years ago. My salary is about $75K, I have 3 months of emergency fund, I contribute 16% to my 401K, I owned my home outright, no credit card debt and I drive a 17 yo car. I truly like being financially independent. Thanks for this video 👍
Live below your means to gain financial freedom and prosperity....all the time.... success is a accumulation of successful days.....
That works for only so long. When we are struggling just for the basics then we have a problem. Some people are eating one less meal a day.
How about strive to be better at what you want to do, make more money, and be more successful? This is the way!
@@Maynardd it's a accumulation of many successful days and frankly years....
Shhh your talking common sense here which alot of people in the world don't have
I'll bet a huge number of people who have no savings or any kind of wealth whatsoever nevertheless have a ridiculously expensive new car and have the latest iPhones and endless other luxuries. And they'll be the same people who turn up their noses at people who have modest possessions.
That's true, but we have to realize these people have been terribly misinformed and trained by what they see in social media and other forms of commercial marketing scams. They've been been presented with an image of "success" that isn't real, and we should feel a little bit sorry for them.
What makes you think that?
Agreed. I recently replaced my dying IPhone 6S with an IPhone 12. I’m definitely one who doesn’t need the “latest and greatest.” The result is financial happiness and endless nights of deep sleep!
And they're the same ones complaining about Capitalism and billionaires. Everyone else is to blame for their problems.
Yup, my ten year old sedan is a badge of honor to me. I'd rather be rich than look rich.
Get rid of everything people. Get your liabilities to bare bones. It's going to get stoopit
i have 1 set of dishes and utensils. 1 paid off car and 1 computer. live in a cheap part of town and earn good money. no debt. life is easy once you realize how little you actually need to be happy.
I have no liabilities. Life is about the pursuit of happiness. Piano, guitar, fishing, hunting, etc make me really happy. Should I get rid of that stuff? Naw, didn't think so.
@@Cold_Hard_Truth You are Doing the Right thing . Smarter than 90% of Humans 👍
Out of debt. Living abroad. Never looking back. God bless America
More and more single older men are going to consider moving abroad.
🇺🇸 TRUMP 🇺🇸
Great decision, I'm 29 & debt free, moving overseas later this year. That's the new American dream unfortunately.
Got about 60k in the bank and used to think that wasn't doing too good but this video kinda changed my mind
If you keep 60k USD in the bank, you're one of those needing financial education.
How much you got invested? You have 60k just sitting there?
@AstroSardaukar for sure it's just stagnating there
I have 60k in the bank too. I’m trying to buy a house. Yes. That’s how much it costs to buy a house and you can’t have it in a CD if you plan to be buy. If needs to be liquid.
@mhodge0890 as of now it's just sitting there. I don't know anything about investing yet
If you’re physically fit in America, you’re ahead of 95% in that aspect as well
Yeah I'm definitely physically fit myself I've never gotten my license so I have to walk everywhere so I walk to my job
@@christopherjelen7661 that saves us in terms of the health care costs
I’m DEBT FREE! 42 and own everything with 1 million stashed away
Noice
Good job!
Oh yay!
wat?
Champagne dreams with Kool Aid money is running rampant across the country
Champagne wishes & caviar smiles - Robin Leach..😂
Hello From Texas - warm, sunny, and praying for the suffering people everywhere ❤😊
@@starsrhi2335 there is hope we just have to keep trying
Hey there from Lake Jackson Texas
Thank you from California. We really need it right now
I began downsizing about 10 years ago....
After dealing with loss of family members.....
We realized that debt had to end....
I'm Retired now & have more then what I need...
& I live below my means & Enjoy Each Day.....
I was at a luxury mall yesterday and it was packed! Didn’t look like anyone was struggling.
No wonder inflation is high: People keep spending money. Also, that luxury mall is for people with money.
It's not what you make it's what you hold on to 👍👍👍👍
Scary reality check Michael. When I started watching I had zero, zip, nada. Thanks to this channel I paid off all debt and I started living far below my means and have saved about 30% my take home pay for three years now. It's not a fear free environment, but it is a terror free environment. I figure if I started up social security (I am old) With what I have accumulated, I could live for about two years. I am going to keep slugging... and drive my 2016 Kia Soul until the wheels fall off, just like the Greatest Generation would have done.
"Comparison is the thief of joy." - FDR. Nobody ever compares themselves to a homeless person. It's always the celeb living the high life
Apart from your property, if you cannot buy it outright then don't buy it
I'm from the UK and find your videos interesting. I am debt free, own my house and cars, and have a pretty good pension portfolio. But I'm not flashy, lived prudently, and paid the mortgage off early. It definitely lowers stress.
Im a new homeowner who has a question for you. Do you think that if you pay more into the house payment that your property taxes will automatically increase?
In 2007 my husband & I bought our first house for $250k sold that house before the housing boom & now that same house is worth almost 600k! We couldn't afford to buy it back even if we wanted to.
I bought in 2020 and if I wanted to buy today I’d have to come up with a serous amount to have the same payment
30 trillion of debt will certainly raise asset prices.
Dave Ramsay , He Knows Financial freedom .
Wage comparison from then to now was mind blowing how wages have stood still! Thanks, Michael. Hi, Issi!
Stood still except for the CEO class They went from 30x to over 200x salery of the average worker in thier companies.
Ive worked very hard and finally retired. I won’t buy drinks and junk food at convenience stores because it’s a waste but I see many people, most have nothing, buy that stuff for their whole family all the time. It won’t change .
I am so glad we are debt free!
I retired @39. (Currently 56)
I've never questioned my relative position as compared to... the Average Person.
ALSO : we - 2 grown adults, live just fine on $42,000-$48,000 a year. You need very little when you are debt free and haven't got decades of Stupidity to pay back.
Our peers/friends are hard at work - earning $80,000 - $150,000 per household ... and struggling.
Debt and poor financial discipline's a motherfucker, folks.
Stop doing that.
No kids I guess?
You retired too early. I hope you have the money to meet emergency spending.
Wow - amazing stuff. Writing from here in Australia and was wondering what line of work you did to retire at age 39. Furthermore, what sacrifices did you make to retire so young?
😂
I RETIRED WHEN I WAS 19. DEBT FREE.
In certain cities - If you owned a home pre-2020 you are living on an entirely different planet than the rest of us.
Some people really screwed themselves over trying to wait for a housing crash.
We purchased in 2015 and in 2021. We got lucky, I know it. There is no way we could have bought a house in a good area nowadays with the crazy interest rates.
What you said about calculating the real cost of owning a home is something I keep trying to explain to my family but they do not understand. I'll buy a house when the prices come way down, it just doesn't make sense to do so at this time.
They can buy you one if it’s such a great investment!
They won’t come down though?
Your family is correct. In the long run, rents will be higher. In the 90s apartments were $500, now they are pushing $2000. Lots of mortgages are much lower than today’s rents. Living in a paid off home is even cheaper.
I live the lifestyle of the poor and unknown. Never been in debt. have a year of emergency funds and a year's worth of fuel.
Great video! I needed this advice years ago when no one talked about it!
Why do they teach things like calculus in high school yet miss teaching classes on financial independence and security? Why they won’t teach budgeting, knowing about stocks and bonds, or compounding totally escapes me!
Should have just just asked a teacher or spent time in the library.
There are personal finance books for kids as young as eight years old….with pictures.
I have been saving and investing since 15.
First book I read was by Jane Bryant Quinn.
Not only did all that free money spur a lot of inflation, it encouraged people to take it for granted and become spendthrifts.
Michael, FL law allows a homeseller to make $250K in profit before they must pay any capital gains. (Last I checked.) And Rudy Giulliani is happy that FL law also allows homesteaded property to be non-bankruptable.(So he is able to keep his FL condo.)
The first time in my life I feel special. 0 debt at 71. I still have my first tank of gas.
4 years away from retirement at 39 years old. Every day I’m thankful that I joined the military at 19. Get that retirement and some disability (thankfully I’m not too bad off) and I have a post Army job lined up.
If you keep working, you're not retired.
I know a lady that is 100% disabled veteran that was a cook & never served in a war but gets 4k a month for 4 years of service because she claims ptsd. I think they need to re-examine people because I'm surr there are others that could use that money more.
@ depending on your outlook. Me, doing what I love makes is a retirement
Wow, I didn’t know I was in the 8% club. I love my 2010 Ford Focus (59,000 miles) and my little 2 bedroom house in the hood. I laugh at the people driving their fancy new cars, which a lot of them can’t afford. I also laugh at the people who are mortgage poor. Financial peace is worth way more than all that stuff.
I pray for everyone these days...especially the young people trying to make their way in the world. Not easy at all!
I just discovered this guy two weeks ago, but he is on the come up!! keep it up, and your videos are appreciated :)
You don't have to drive a Lamborghini or wear unnecessary expensive jewerly to be rich!
Indeed for sure
The rich generally don't. My brother and I used know a very wealthy surgeon that we used to go to breakfast with once in a while, the man would never buy a newspaper, he liked to read it but he would never buy it, he would wait for someone else to finish reading their newspaper and throw it away, and then he would pick it up and read it! My brother said to him once "Lee, why don't you just buy a newspaper?" and he said "If I buy a newspaper every single day how much will that cost me a year?". Everything that man did was business decision... EVERYTHING.
@@BillySBC I worked for a doctor and when someone else was paying for dinner it was always at the fancier places, when he had to pay it was always at a diner or Mickey D's.
Most people I know that are in the 1-2% drive nice cars, but dress cheaper and don't dine out that often. They know the value of investing money and having it silently work for you rather than showing off.
@@bigtom1948 many doctors have a lot of debt from college and medical school. I know people still paying off their loans in their mid 40s.
Hi ,Mike.
U made my day.I passed every test of yours,specially the zero debt and on down all of them.Great to see someone understated,big time common sense and great teachings.
You can sell your primary residence and be exempt from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly. This exemption is only allowable once every two years. You can add your cost basis and costs of any improvements that you made to the home to the $250,000 if single or $500,000 if married filing jointly.
Thanks for doing this video. Too many people are sucked into the comparison game and all the lying and bragging. It makes people thinks they are doing poorly when they are doing as well or better than their peers.
If you buy a house and it cost you 3000 a month for all the expenses like taxes, insurance and maintenance, then you rent the same house and the same neighborhood for 2000 if you stick that $1000 difference in the bank every month, you will come out ahead after 5:10 years. That's the way it works
My in laws 'boomers' worked full time and over time at a factory and eventually retired from it. They saved over $300,000 ...and that was over 15 years ago. Im sure they have more now. They retired about 8 years ago. I dont think our generation will be lucky to have that. It sucks!
It was very, very hard work. The less you make, the harder it is to save. It was true back then, it is true now. Luck had nothing to do with it.
Those factories moved to Mexico and China.
People in every generation do fine. Proactive ,busy,and getting things done.
Seems you’re in that group of your generation who’s mind is already made up and dependent on “luck” while others in your generation pass you by.
I thank God I'm debt free! Happy new year to you and Lizzy 😊
Trump!
I think the rent vs buy thing is more trying to unravel the mindset of ”housing as an investment" instead of as shelter. To me, buying a house is about controlling the cost of shelter over a long period of time. Right now, its cheaper for me to rent than buy. I'm taking time to get my debt in order and get in a position to buy a house.
Think about how much the price of rent will increase in safer parts of LA after the fires! I’ve read where it has doubled nearly overnight.
@@stephenlea5765renting has gotten so much more expensive over the last 4 years. Actually passed up mortgages payments.
Love it! Owning a house is not an investment but about controlling the cost of shelter over a long period of time. I will be using your words.
Living large in Ohio home paid for. $3000 a month retired. $2400 property taxes, $1700 house insurance $500 total utilities. All good . 500 to 600 leftover. Rents here cost 700 to 1000 a month for a older rental home or 2 bed apartment. Rock on Florida and California!😂😂😂
Be responsible , live below your means. Don't buy things you don't need.
Retired, 56, excellent health and health insurance, no debt. Live well within my means! I actually retired at 36 in Hawaii after working construction and commercial fishing. If you can buy or build in an upcoming area, you can sell for enough to pay off your mortgage or reinvest. Flipping just a couple houses can set you up for life.
You forgot rich parents, that puts you ahead of your peer group. All my peers living the good life have rich parents that bought them a house and give them a monthly allowance to raise their kids. Most everyone else is living paycheck to paycheck and can't afford to have a family.
I have never heard of this arrangement - most people i know are indeed paycheck to paycheck it seems. And they all drive nice nice cars and trucks
It's crazy how many parents don't care about their kids enough to save them from going to the loan sharks to survive. An inheritance is a noble thing. Leaving you kids and grandkids nothing is pretty shitty.
Here we call it 'the secret tap' basically everyone who's doing well or has leisure time got juiced up by family either in cash or connections
@@michaelearlgrey..They earned it.
the only way out is live like the waltons! goodnight john boy.
I started accepting payment of El Nopal gift cards from my customers, I'll never go hungry and I can eat nachos every day.
Agree,,,,,,big time lack of financial litteracy...........and some know but choose not too
I'm the first one to admit that I'm not a finance guy although I've never been in debt. But I promise you nobody cares what cars you drive. And the people with these luxury cars don't have any clue what they're buying. I have saved countless customers by getting them to downgrade to something reliable and not flashy. Cheers guys. drive Toyota.
This is household income, so it is usually two people or more also. I hate the household stat because it is a way to fudge numbers. In 1989, there were a lot more homes with only 1 person working.
Yep
And frankly, in 1989 times were 100 times better for everyone.
@@9999deoxys Yes the full weight of Reaganomics hadn't sunk in yet.
My monthly expenses are super low because I don't earn enough money to afford an apartment or a car. So I have $3k saved, but that varies quite a bit depending on emergencies, and motorcycle repair costs. On one hand I'm doing well. On the other hand I'm impoverished and one step above living on the street.
Health is your wealth and without it you have nothing 0.00 as Ted Broer, 68 years old, grandfather and CEO of Healthmasters teaches his viewers. Ted lives in Florida. Like him or not he is spot on
I was debt free at around 45, I am 54 now and I have a few things to thank for that. I always worked when I could although I rarely enjoyed it as I am a plasterer. I always saved what I could and was never flash in any way and I always excercised on my own in the evenings so even though I qore cheap cloths I at least lalways ooked alright.
I bought a little MX5 last year with cash as a well done to myself so that I can enjoy some trips through Europe in the summer etc. Can't help but smile when I think of some of the comments that my old cars have had over the years from people with big bloated lease cars.
It's gone midnight and I have work in the morning but I haven't set an alarm as I will get up when I get up, start when I start and come home when I feel like it. I'll keep working but it's easy street from here with my little Mazda and by Billy Idol CD.
This is an excellent public service announcement; it offers a reassuring message. As a retired resident of Thailand, I can attest to the affordability of living here on Social Security benefits; my cost of living is significantly less than it would be in the United States. Thank you for creating this comforting video.
Thank you for this video.
I saved 5k for emergency funds, and now it's depleted cause I was sick unable to work due to my recent cancer diagnosis.
🙏🏿🙏🏿🙏🏿 I hope you feel better. Stay motivated and positive
That average US household budget forgot people also pay for internet, cable, electricity, water, trash, oh and before I forget credit card debt.
Wait how do people have 80K in retirement but barely 1K in savings? That doesn't make much sense.
Very easy actually. Maybe they owe debt
They have saved in their retirement plans.
Paid off home in 8 yrs. Purchased 120k now flying off shelves at 500k. Im old & divorced did this before to include multiple rental properties. I don’t play, no vices and keep my zipper closed. I work hard (physically and mentally) and I love the businesses I operate and work in and on… find what you love work hard. Most importantly watch ur vices i see that as the number 1 downfall in life…..
Thanks for sharing your Real Estate knowledge and being honest
Thank you to our host for this beautiful outdoor walk around t tour. Beautiful weather here (Fort Lauderdale).
All that sounds wonderful. Now let’s talk about that reality in USA.
16:00 Paying $1900 in rent will become $684,000 after 30 years and that’s if the rent never changes. In the 90s an apartment could have been rented for $500 which is impossible today.
Renting long term is basically paying for everything for the landlord and then some. They pay for insurance, property taxes, maintenance and a little extra for the landlord and the property manager.
At the end of the 30 years, renters will pay more than the homeowner while the homeowner gets the retire with a lower cost of living.
I agree. I have a mortgage on a 3 bedroom house. 5.8%, mo rtgage with tax + insurance is $615 a month. In Iowa. Taxes are deductible. Very very grateful to have a house. I was a landlord of a cottage before. NEVER EVER AGAIN!
I have an emergency fund of $350 and a savings account with $498 in it, which I'm just going to let sit and accumulate.
😬
The problem with people saying live below your means is that everything is fuckin expensive. 20$ for a 50lb bag of ice salt. It’s all of that shit accumulating
High paying dividend stocks. I made over $600 in dividend payments last month. Also have a very nice Government pension and will get Social Security in a few years if I want to start collecting early. For most out here I think Dividend payments & Social Security are the best way to survive!!!
Yeah, private sector workers can only dream of a fat pension. Especially one that starts in their early fifties.
@@rubicon3416 On the other hand you might have the opportunity to invest in an employer matched 401K. Gov workers do not have that. In addition, a good portion of their income (maybe 20%) is taken to fund the pension.
Regarding your question about what’s the difference in renting or coming out break even after ten years of owning a home is…you break even! When you rent you get NONE of your money back over ten years. It’s all gone! But if you sell your home and you break even then you just lived ten years FOR FREE!
Exactly. People who bought 10 years ago are definitely living easier than renters today. Their payments are much lower than rent today.
I know 2 people who had mortgages of about $900. One is still living there and the other sold in 2020. The one that sold in 2020 regrets selling. Landlords in the hood don’t even rent for under $900.
In the late 1970's thru the 2,000's, us just reaching adulthood baby boomers were all about materialism. We confused the images we saw on TV as a normalized reality. Who of us _Didn't Want_ that Brady Bunch house? Along with 6 kids, a stay-at-home mother...and a live-in maid, all _Comfortably_ on one guys salary. The Cosby's Mom, who was a Lawyer that _Only_ worked 9-5 and came home energized enough to handle 4 kids. Those sweet apartments in Friends, The O.C.,etc. All of this (and the advertising) told us we couldn't be happy unless we consumed.
That Brady Bunch house was sweet. Mike was an architect which we all understood was $$. That exterior shot did not contain the interior set. That staircase was epic. That kitchen wouldn't suit millennial tastes now:)
I have a paid off home, paid off cars. No credit card debt. Only $270,000 in my 401k. My FA told me I’m only middle class and can’t retire.
He’s right
Depends how old you are, you will need a bit more.
You need to 10x that $270k.
Nowadays, you'll need more
You need 6 million
I have my home paid for, 92k in cash, 2600 hundred ounces of silver, 71 ounces of gold, and over 272k in crypto that I am starting to cash out in this bull run....... life is good.... worked my ass of to get here,.... very proud of myself
Fake news
I’d freak out if I only had around 250k in crypto but good for you
I know personally 10 people who has to file bankruptcy in the last few months I have had to take on mowing jobs and small engine repairs and washer and dryer repairs just to make it.
My house appreciated by $700,000 over the last 8 years. There’s no other investment that does that well, and you get to live in it.
The cost of maintenance went up by $21,000 a year. Other than that, you are doing good.
When are you cashing out?
Definitely an asset especially if you have a low payment. Great job bro!
@@jjred233
You have to be a pretty lousy home buyer and/or kids tearing up the place for maintenance to be that much each a year..
Heck I changed a few light bulbs and replaced a bad heating element in bathroom vent the past ten years.
Good evening, Michael I always enjoy your videos you know no matter what you’re talking about because you’re right😊
Excellent video Mike !!!!
“America, we must make a choice, we can have democracy, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Supreme Court Justice Louis Brandeis
Encouraging with a lot of good advice. Putting saving ahead of luxuries is a big help.
In your 10 year comparison story of buying vs renting. If you break even on your house after selling and subtracting property tax + maintenance, then what you're left with is 10 years of free rent essentially. It still pays to buy in that scenario.
Those are just words. And words are cheap. Do it in real life and see if you end up with 10 years of free rent. It’s a risk and sometimes it can pay off and sometimes its doesn’t. It’s a decision you have to make. Make sure you analyze and do the math.
$2M for a crappy house with a one-car garage? Screw that! Debt free here (do have mortgage, but it's going away later this year pending sale of a rental), $1.4M net worth, high school/tech school education. Feeling very fortunate to have made mostly good financial choices thus far. It's a giant casino we're all playing in and the house has the advantage. The average guy/gal is holding on for dear life and that's about it.
This is why I always say you don’t really own your home until it’s paid off in full
Even then, property tax is essentially renting the ability to live there or else the state will kick you out and sell your home to someone who will pay the rent... I mean tax.
@JustMe facts
Thanks for sharing this a lot of us need this to keep us inspired
Hsppy Sunday Michael, Thank You!
Great video Michael. Thank you
Thank god you made this video!👍 people are really not being responsible today!