Hey Dan, Just wanted to comment and say that I'm happy you've done this video series it honestly has helped me personally. I was already on the fence of like , knowing how I was spending in the hobby wasn't the greatest and your videos on this topic has been helpful to strengthen my good spending habits thought process. So I've refocused put a pause on the hobby and I'm working on getting debt free first. A lot of this hobby IMO can be "TLDR" - it's a big FOMO storm, gotta buy buy buy before it goes up in value! Which can lead a lot of people down a path that is hard to crawl out of. It's so important for everyone and myself to understand that this hobby is exclusively excess spending. I know that once I am debt free and truly have extra money to spend on the hobby it will be SO much more enjoyable to buy that big card that you want etc etc.
Yeah a lot of people I think justify it by calling it "investing" when it's often time just excess consumption sometimes with a bit of gambling thrown in (ripping packs but also "investing " in such speculative non productive stuff)
???! I don't know what it is. I enjoy the knowledge and details you provide. You are straightforward and no bs. I'm genuinely happy for your success. It may not be relatable in a monetary sense. Different levels of income and different jobs. But I like listening to you as it makes me feel like I could jump in and follow your examples and actually do something I enjoy. I guess I'm a total fanboy. Great video.
During and out of college I always listened to and read a bunch of different folks stories. I'm a fan of the style of content too so I just try to make what I'd enjoy even though it's quite a bit more nice. Thanks!
It was definitely an off the cuff reactionary response to the unsolicited quote for something I'd never even heard of that just happened to be the same week as recording. Sorry to the vets out there!
I agree with just about everything you say, but one exception. You said some couples with one self employed person have the security, the foundational thing of the "regular" job. Nothing secure or foundational about having the chance of receiving a pink slip and being laid off or fired any day of the week. Self employment, as far as I see it, is the secure foundational thing, because you get to control everything, it's not easy, I didn't say that, but it is much more secure in my mind.
Very dependent on the field and the specific job both for the 9 to 5 and the self employed business. My wife just got tenure which ups the security level and teachers with the union and being essential jobs its near as secure as it gets. But yeah, definitely take into account the true risk on all fronts of your income sources. Be it rents from property, 9 to 5 employment, contract work, self employed biz, dividends and on and on.
¿? Lol thanks for the long form content. I listen while working. $1500 for brushing is crazy. It wasnt a cleaning? Like scrubbing plaque buildup? That can get costly but nowhere near $1500. It was $400 for my cat. Its expensive because they have to put them to sleep and keep them all day/overnight to monitor them. Some cats get plaque often and some not at all. 1 out of my 4 need consistent brushing. 1 also brushes his own teeth lol you can try getting those little cat stands that come with that brush attachment designed for a cut to walkthrough to brush themselves. My cat bites on it after eating to clean his teeth.
I was ded exaggerating a bit when I said it was for brushing. Part of the quotes both were for anesthesia and overnight stay etc. Still though was wild to me. All the things we do for our pets that my parents never did growing up I just don't know. Most of our pets lived super long growing up too (anecdotes)
Like buy or rent a house? Highly dependent on the location and also how long you think youll be there. Some young people way too negative on renting imo. I own my house and it's still real expensive and feels like renting after taxes and maintenance
@@KetchumAllCollectibles always love these type videos. My former life I spent in the investment industry so I go back and forth with people on these topics all the time but have strong beliefs in both as you do as well.
Hi Dan, I just emptied my 401K to buy sealed ultra modern. 🚀
Reading between the lines I see. 🌟
smart man
Hey Dan,
Just wanted to comment and say that I'm happy you've done this video series it honestly has helped me personally.
I was already on the fence of like , knowing how I was spending in the hobby wasn't the greatest and your videos on this topic has been helpful to strengthen my good spending habits thought process. So I've refocused put a pause on the hobby and I'm working on getting debt free first.
A lot of this hobby IMO can be "TLDR" - it's a big FOMO storm, gotta buy buy buy before it goes up in value! Which can lead a lot of people down a path that is hard to crawl out of. It's so important for everyone and myself to understand that this hobby is exclusively excess spending. I know that once I am debt free and truly have extra money to spend on the hobby it will be SO much more enjoyable to buy that big card that you want etc etc.
Yeah a lot of people I think justify it by calling it "investing" when it's often time just excess consumption sometimes with a bit of gambling thrown in (ripping packs but also "investing " in such speculative non productive stuff)
I’m happy for your success Dan, Good for you. You work hard and are smart and more important than that, you do the right things and deserve it.
This man puts generational wealth for his children to a different level 🙏🙏
A good jumpstart hopefully . Enabled not entitled is the goal
oh hello average player
Yay!! Been waiting for this one!🎉
???! I don't know what it is. I enjoy the knowledge and details you provide. You are straightforward and no bs. I'm genuinely happy for your success. It may not be relatable in a monetary sense. Different levels of income and different jobs. But I like listening to you as it makes me feel like I could jump in and follow your examples and actually do something I enjoy. I guess I'm a total fanboy. Great video.
During and out of college I always listened to and read a bunch of different folks stories. I'm a fan of the style of content too so I just try to make what I'd enjoy even though it's quite a bit more nice. Thanks!
Thanks for all of the quality content. I really find it useful.
Thanks for watching!
Great video as always, thanks for talking rationally about personal finance in this space. The vet slander is a bit harsh and reductive however.
It was definitely an off the cuff reactionary response to the unsolicited quote for something I'd never even heard of that just happened to be the same week as recording. Sorry to the vets out there!
was a good watch in the background while doing tcgplayer orders, wish I could have seen all the charts tho
Just flip through there were only a few that stayed on the screen about 20 min each 😆 . Really like simplifi
I agree with just about everything you say, but one exception. You said some couples with one self employed person have the security, the foundational thing of the "regular" job. Nothing secure or foundational about having the chance of receiving a pink slip and being laid off or fired any day of the week. Self employment, as far as I see it, is the secure foundational thing, because you get to control everything, it's not easy, I didn't say that, but it is much more secure in my mind.
Very dependent on the field and the specific job both for the 9 to 5 and the self employed business. My wife just got tenure which ups the security level and teachers with the union and being essential jobs its near as secure as it gets. But yeah, definitely take into account the true risk on all fronts of your income sources. Be it rents from property, 9 to 5 employment, contract work, self employed biz, dividends and on and on.
@@KetchumAllCollectibles ok. I guess your right again🤣
Can’t wait for the video of “how much did my streamer minions make me this month” 💰
Lol we shall see if it all happens and how it goes
If I had $10,000 fall into my lap? Basically, you and Nick would get it all😂
🚀
I agree Dan, company match should be favored over emergency fund. Good take 👍
Can literally just pay all the penalties and come out ahead (vesting schedule likely not allowing too quickly caveat)
looking forward to this one!
¿?
Lol thanks for the long form content. I listen while working.
$1500 for brushing is crazy. It wasnt a cleaning? Like scrubbing plaque buildup? That can get costly but nowhere near $1500. It was $400 for my cat. Its expensive because they have to put them to sleep and keep them all day/overnight to monitor them. Some cats get plaque often and some not at all. 1 out of my 4 need consistent brushing. 1 also brushes his own teeth lol you can try getting those little cat stands that come with that brush attachment designed for a cut to walkthrough to brush themselves. My cat bites on it after eating to clean his teeth.
I was ded exaggerating a bit when I said it was for brushing. Part of the quotes both were for anesthesia and overnight stay etc. Still though was wild to me. All the things we do for our pets that my parents never did growing up I just don't know. Most of our pets lived super long growing up too (anecdotes)
I need to look into a Roth conversation. I make too much, but I know there is some loophole to convert a traditional to a Roth.
"Backdoor Roth ira" and possibly "mega backdoor Roth ira" are your desired search terms. I was always too broke to have to worry about it 😆
Dan, I contribute enough to get my employer match. Please stop yelling at me.
"You gotta pump those numbers up, those are rookie numbers"
#brushyourcatsteeth
I bought them both toothbrushes I'll zip tie to their cat tree
I take an entire month off of sourcing and that seems to work for me.
Pay or rent if you were a student right now ?
Like buy or rent a house? Highly dependent on the location and also how long you think youll be there. Some young people way too negative on renting imo. I own my house and it's still real expensive and feels like renting after taxes and maintenance
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Thanks for the insightful video Dan. I appreciate your wife for being a teacher as well
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Let’s go!
“A question mark”
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I still haven’t been paid
Better talk with Giovanni
Dan, stop interrupting my carefully curated feed of rip and shippers with this responsibility bs.
If you're saying the algorithm fed me to you then thats a you problem. What did you do to that poor thing
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A brave soul
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Dont judge me and my listening time at work!
2x at least I hope 😆 thanks for listening!
No
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Go to your room!
@@KetchumAllCollectibles 👀
@@KetchumAllCollectiblessince you’re sending me to my room like you’re my dad can I also get $3000 a year. Thanjs
@@PoNGaCollectibles once you've done your chores and sorted all the metazoo
? Good on you Dan.
Thanks for watching !
My future generations can make their own money. I’ll leave a link to swammeys buyee guide from 2019 in my will.
Teaching to fish vs giving fish. I like it
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Ty poopingturtle69
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Thanks for watching!
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Mvp
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Thanks!
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Thank you!
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Idk how you all did it lol
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Thanks for watching!
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I question mark you back ?
@@KetchumAllCollectibles always love these type videos. My former life I spent in the investment industry so I go back and forth with people on these topics all the time but have strong beliefs in both as you do as well.
@@MDSportsCards love that so many people made it to the end. I appreciate you!
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He done did it
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Legend
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