Massive Economic Storm Coming To USA | Prepare NOW

Поделиться
HTML-код
  • Опубликовано: 2 янв 2025

Комментарии • 655

  • @JT-yl7my
    @JT-yl7my 6 дней назад +204

    I got layed off @ 55, first year or two was rough, but without re-entering the job market I survived just fine and now I’m 69 healthier than ever, and happier- get rid of crap you don’t need and learn how to survive with fewer dollars…

    • @JRInTroy
      @JRInTroy 6 дней назад +17

      I'm preparing for this possibility, now age 51 and keenly aware that if I lose my tech job I won't necessarily find my way back in

    • @devilmonkey427
      @devilmonkey427 6 дней назад +23

      I"m at 50 and preparing for the same.
      I don't trust my employer, they'll screw me the first chance they can.

    • @galens2543
      @galens2543 6 дней назад +16

      I’ve heard that this type of situation happens to ~30% of us. We enter retirement earlier than planned through some unexpected situation.

    • @ocvegasproperty
      @ocvegasproperty 5 дней назад +14

      I retired at 45 as just got tired of working. The money was great but need to decide how much you actually need.

    • @billbernhard3582
      @billbernhard3582 4 дня назад +4

      Understood, but in so many ways, for many families already struggling, this is a race to the bottom !

  • @Milkman3572000
    @Milkman3572000 6 дней назад +116

    I've seen this story before. Let me help out.. The Moral of the story is simple. Be prepared. Live within your means. Have 6 months of cash saved up. Some cash stashed in your mattress is a good plan too. Dont put all your eggs in one basket. A silver dime, when minted could buy a loaf of bread. That silver dime still can buy a loaf of bread today. Your health is your best investment. Avoid all processed food. Eggs are your best friend. Walking is not an option, you must walk often. The government lies to you. Vit D is important.

    • @ricardojmestre
      @ricardojmestre 5 дней назад +3

      Best comment. Omega 3 is important too.

    • @jonnelson9760
      @jonnelson9760 5 дней назад +3

      Eggs are worth more than your silver dime now.

    • @mikespies786
      @mikespies786 5 дней назад +1

      100% agree with ALL of this.

    • @robertham3746
      @robertham3746 5 дней назад +3

      @@Milkman3572000 words of wisdom there! Some bacon with those eggs is a good addition

    • @MOstix13
      @MOstix13 4 дня назад

      One of the best comments I’ve seen in a long while!

  • @Shilling_guitar885
    @Shilling_guitar885 6 дней назад +94

    I'm 71 and was laid off in my mid 50;s. I never stopped working. After my lay off I worked freelance for much less with out any benefits for about a year. I then applied for a job in my field but at a much lower wage and was hired. I never replaced my pre layoff income. I kept investing in a retirement plan and lived on my lower earnings until summer 2024 when I retired at 71. I also waited till 70 to claim S.S. which is a good benefit that I live on comfortably. I will wait till I'm 73 to start withdrawing from my IRA. Corp. America did me a number but thank goodness they couldn't control how i invested and prepared for retirement.I have a great emergency fund and a good but modest well maintained home in a nice neighborhood and life is good. Avoid debt , live below your means, save and invest... you can make it.

    • @alainaaugust1932
      @alainaaugust1932 5 дней назад +6

      I know it’s controversial, but it does appear to me that the hugest mistake people make is not waiting till 70 to take SS. I’m appalled that so many don’t even know it’s an option. Waiting brings so much more per month, augmented these last four years by Joe. People cry “I’m taking the money now! What if I die?” Well, that we all will surely do. Get the facts both about waiting and life span. The average life span is based on the entire populace. Everything from crib death to teens killed on prom night to overdoses pull the average down for everyone. If you make it to 65, you have a better than even chance of living into your 90s, or at least late 80s. Now when in your life do you want to have to worry about money? At 90? Or 65? 65 is the new 45. Don’t stop your life at 65. Make a new life.

    • @nickmclay
      @nickmclay 5 дней назад

      @@alainaaugust1932 it’s just basic mathematics. If you start taking Social Security at 62 and you start investing that money instead of waiting until 70 to start taking the money, you can make quite a bit more than you would have through waiting until 70. There is also the very direct threat of Social Security not being there when you do get to 70 or you not surviving long enough to justify waiting.It’s a very individual thing. My wife took her 62 and I’m going to wait because we can afford to

    • @queens6583
      @queens6583 4 дня назад

      @@alainaaugust1932 Social Security was never planned to be your main source of income after retirement. It was to augment the savings you were supposed to be accumulating over decades pre-retirement. Too many people are only living on social security. I know people who were working and earning minimum or lower income salaries and could not save or have investment accounts. Then there are the people who always lived above their means ( I have a relative or 2 like that) and spent money as fast as it came in. My uncle was one of those people and all the trips/luxury items he spent all his money on were nice for sure, but he died broke with no money, car or fancy house. When he died the state got everything because he did not even have a will. I have taught my children to always live below their means, contribute to investment accounts that are employer given and increase contributions when they get a raise, have an emergency fund and have a will.

    • @incognitotorpedo42
      @incognitotorpedo42 4 дня назад

      @@alainaaugust1932 I made the opposite decision. I started taking SS BEFORE my official date. I did this on the basis of the time value of money. I have multiple years income and growth to counterbalance the higher payments at a later date. Someone did the math, and you have to live REALLY long to break even. This way, I'm covered in case I die early.

  • @GouverPanel
    @GouverPanel 5 дней назад +433

    I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

    • @MafArdoleda
      @MafArdoleda 5 дней назад

      I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

    • @emmabeyza6036
      @emmabeyza6036 5 дней назад +1

      I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
      What about you??

    • @LuuzbelitoPirogovsky
      @LuuzbelitoPirogovsky 5 дней назад

      Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

    • @ohmakure4716
      @ohmakure4716 5 дней назад +1

      My sister lives in Aussie. They have good healthcare better than America. I am also moving there after I retire.

    • @KarencitaSacher
      @KarencitaSacher 5 дней назад

      Please stop gentrifying countries

  • @tatianastarcic
    @tatianastarcic 5 дней назад +478

    Sincerely, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.

    • @winifred-k9e
      @winifred-k9e 5 дней назад +4

      I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone I do

    • @DerraKormino
      @DerraKormino 5 дней назад +3

      I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

    • @JacobsErick-u8r
      @JacobsErick-u8r 5 дней назад +2

      Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

    • @DerraKormino
      @DerraKormino 5 дней назад +2

      My advisor is Melissa Terri Swayne, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @LUCIASMITH-d1z
      @LUCIASMITH-d1z 5 дней назад +2

      thank you for this tip , I must say, Melissa appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @EmiliaSmith-h8v
    @EmiliaSmith-h8v 6 дней назад +120

    I’m really concerned about the state of the economy. Inflation keeps climbing, interest rates are higher than ever, and now there’s talk of a massive economic storm hitting the U.S. soon. It feels like it’s becoming impossible to save for retirement or protect what I’ve already built.

    • @Adam-dm8wg
      @Adam-dm8wg 6 дней назад +4

      You’re not alone. The stock market’s volatility and uncertainty about the housing market have left so many people on edge. The problem is that most people don’t have a diversified portfolio, so when the economy shifts, they lose everything. A lot of folks panic-sell at the worst time, locking in their losses.

    • @V.stones
      @V.stones 6 дней назад +3

      Exactly! I learned that the hard way during the 2008 crash. Back then, I had all my money in just a few stocks, and when everything tanked, I lost almost half of my savings. I’ve been trying to rebuild ever since, but honestly, I feel like I don’t know where to start anymore.

    • @TeresaMicheals
      @TeresaMicheals 6 дней назад +2

      That’s why it’s critical to get professional help. I work with Joseph Nick Cahill, a CFA who’s helped me restructure my portfolio to minimize risk and maximize growth. He has decades of experience and offers free consultations, so there’s no pressure. He’s helped a lot of people, including me, weather economic storms like these and still come out ahead.

    • @Sanchyfab
      @Sanchyfab 6 дней назад

      Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon

    • @FedrickWhite-jo2ed
      @FedrickWhite-jo2ed 6 дней назад

      I wish I’d known about someone like him earlier. My biggest regret is not reinvesting after my initial losses. I stayed in cash, and with inflation, I feel like I’ve lost even more. Glad i saw this

  • @Drone-h2i
    @Drone-h2i 6 дней назад +81

    if you lose your job you will have a hard time replacing it.

    • @Bigboss-xe6lm
      @Bigboss-xe6lm 5 дней назад +1

      Not if you find something to drive a business yourself, its good to have backup income. Indexfunds, sidehustle, rentals etc

    • @frankcorrea8691
      @frankcorrea8691 4 дня назад +2

      Jobs are not the same they were 20 years ago, a 360 attitude for the eorse, seen lots of fsmilies double up on homes, 3 couples 6 kids to cut down on expenses, one couple got their hours drastically cur hours snd no business, everyone is do stresses out, talk about people looking shakily, have to wait to use the bathrooms so crowded, and this is just the beginning😢

    • @frederickmuhlbauer9477
      @frederickmuhlbauer9477 3 дня назад

      True dat drone

    • @BOULDERGEEK
      @BOULDERGEEK 3 дня назад +1

      I sold house and car, packed possessions into low cost storage, and moved abroad. Good living on $2000 a month. Better than every day at the office.

    • @betsyr4724
      @betsyr4724 2 дня назад

      I got laid off. Finished bachelors and got a job that’s corresponds to my degree

  • @gunner5125
    @gunner5125 6 дней назад +14

    I retired from the GOV in 2009. 33 years with the government. Took early SS at 62. Still working part time (24 hrs per week) to keep busy and to get extra money. I plan on keeping this course as it is working for me. I feel badly for all the younger people that cant even get into a house purchase.

    • @RetJetFxr
      @RetJetFxr 3 дня назад

      Same boat, but I'm 56. I retired from the USAF in 2013, then after a few management jobs I retired from full-time work in 2018. House paid off. Two new vehicles paid for with cash. No kids. Now working p-time for about 30 hrs per week to keep busy and earn extra SPENDING money. My military pension and VA disability net me over $70K per year, but I now live on less than $40K. I plan to take SS at 62, then investing every dime (if I can).

  • @RichinPhoenix
    @RichinPhoenix 6 дней назад +79

    Economists and virtually all Wall Street analysts predicted a recession when the Federal Reserve raised short term interest rates from 0% to 5% in a year. Yet no recession and 3% growth and the stock market went up 50%. No one can accurately predict recessions. With that said, you should always keep an emergency reserve of at least 6 months of living expenses while you are working and preferably more. I’m retired, but from real world experience, you are likely to need to draw on your emergency reserve one or more times during your working years. No job is guaranteed, even a government job, and no worker is indispensable.

    • @tedbundy2379
      @tedbundy2379 6 дней назад

      This isn’t about the US. There is a global debt crash coming due to Covid spending. The US will be brought down with it. China, Germany, UK, N Korea are close.

    • @RonBlauvelt-j7q
      @RonBlauvelt-j7q 6 дней назад +4

      Government printing 250B a month has starved off a recession and pumped the markets… what happens when money printing and higher interest becomes unsustainable? It’s not going to be pretty.
      We are already in the debt death spiral.
      Higher wages fuel higher prices and higher prices come back and now we need higher wages… it’s an endless cycle until AI and automation saves us 😂

    • @thomaskauser8978
      @thomaskauser8978 6 дней назад +3

      Probably should throttle back on the television ?
      You are not the same person after watching t.v. ?

    • @FoobsTon
      @FoobsTon 6 дней назад

      All true but in terms of recessions, Joe Schmo on Main Street is always ahead of Wall St Analysts/Economists.

    • @deanrotering879
      @deanrotering879 6 дней назад

      The recession always happens on the way down with rates. Nobody was predicting recession on the way up or they would not have raised rates.

  • @nickmclay
    @nickmclay 6 дней назад +77

    I got laid off as a sales engineer 6 weeks ago. I am 57 yrs old. I have sent out at least 40 applications and resumes to companies in my wheelhouse. NOT ONE CALL BACK. Zero interest. I am dead in the water. I suspect I will be going into retirement by force.

    • @Mitzi73
      @Mitzi73 6 дней назад +27

      It can take a few months for something in your field. Don’t give up.

    • @realinohio
      @realinohio 6 дней назад

      The same people that suggests we work until age 70, won't hire us after age 55

    • @Rollochrome
      @Rollochrome 6 дней назад +17

      Sorry to hear that man. Keep your head up.

    • @Andrew-zs5tc
      @Andrew-zs5tc 6 дней назад +19

      Don't give up as Mitzi said. However, I too was laid off at 59 earlier this year. I applied for over 50 positions in my field and interviewed with over 30. Several have told me that they hired someone of a different demographic group. In my field, they are looking to increase minority representation and they all have enough old white men. I have given up looking for a permanent position and am doing consulting part time. I consider myself retired.
      I know of at least a half dozen white men in our age group that have been laid off this year. More than half have found new positions.

    • @tonyherdina9142
      @tonyherdina9142 6 дней назад +10

      ​@Andrew-zs5tc There's no question that DEI is directed at us guys. I know that some companies have seen how it hurts productivity and are getting away from DEI (Walmart, Toyota, and some colleges..). I hope the Trump administration addresses this societal mistake.

  • @cjhoward409
    @cjhoward409 6 дней назад +24

    My husband is so busy with work. Many mandatory overtime hours. But he’s ok with it. Better feast than famine ! And we save ALL the extra overtime

    • @Igglybiggly51
      @Igglybiggly51 6 дней назад +7

      Buy gold with that overtime $$$... The USD is losing value big time

    • @thehungergames8918
      @thehungergames8918 6 дней назад +4

      Exchange your Fiat 🎊🎉 into Gold 🏅

  • @Jamaal67i
    @Jamaal67i 5 дней назад +17

    The US economy relies heavily on continuous credit and debt creation to function. As a result, the Federal Reserve will likely continue to print more money, increasing the average American's debt burden. Meanwhile, foreign economies, which are struggling even more than the US, remain eager to hold US dollars. Ultimately, someone will be left to bear the consequences of this unsustainable economic cycle.

    • @Peterl4290
      @Peterl4290 5 дней назад +5

      Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them

    • @Aarrenrhonda3
      @Aarrenrhonda3 5 дней назад +3

      ,,, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...

    • @sabastinenoah
      @sabastinenoah 5 дней назад +2

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

    • @Aarrenrhonda3
      @Aarrenrhonda3 5 дней назад +1

      Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

    • @sabastinenoah
      @sabastinenoah 5 дней назад +2

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

  • @JosephZerafa-l3g
    @JosephZerafa-l3g 6 дней назад +60

    Protecting your capital is much more important than making money. Basically, because if you lose your capital, making money is much harder. "Missing the train" vs. "losing your money." There are a lot of trains, but if your money is gone, it's over.

    • @CristhianPalomo-r6j
      @CristhianPalomo-r6j 6 дней назад +2

      Wall Street pitched so-called quality stocks with high profitability and low debt as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year. My $200k portfolio is down by approximately 20%. Any recommendations to scale up my returns on investment?

    • @JacobGeorge436
      @JacobGeorge436 6 дней назад +5

      Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

    • @JohnRawlings-f1x
      @JohnRawlings-f1x 6 дней назад +1

      it’s essential to have a mentor to keep you accountable. Caroline Suzan Olson is my trade analyst. She has guided me in identifying key market trends, pinpointing strategic entry points, and providing risk assessments. Thanks to her expertise, my trading decisions align with market dynamics, ensuring optimal returns.

    • @SergioMartinez-i4n
      @SergioMartinez-i4n 6 дней назад +1

      I know this lady you just mentioned. She is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

    • @robertham3746
      @robertham3746 6 дней назад

      my goodness, these spam advertising FAKE discussions are so quick to get posted. SPAM!! THAT BEING SAID... it is very important to protect the capital you have gained, especially if you are close to retirement. I'm considering investing in an income annuity (still weighing the pros and cons) for a portion of my nest egg. I could make more if the market stays profitable and we invest more into stocks - but there is something to be said for the assured monthly payment, along with SS, most of the expenses would be met (it would be nice to know we didn't have to be concerned with our needs being met - even though it potentially reduced our net worth - no one knows the future, especially in this day and age. Thats the "importance of protecting the capital vs making more money" part). Then possibly invest the ROTH portion of the 401k into some dividend ETFs (many to choose from) so it generates additional tax-free income (since it is in the ROTH section) without having to sell off shares. And hopefully we won't have a need to touch the rest of the portfolio and it can hopefully grow. Fortunately, we live a mild lifestyle and don't have expensive tastes or hobbies (which is a key to us, most likely, having a successful retirement).

  • @Mary-tj5qx
    @Mary-tj5qx 6 дней назад +52

    In addition to what you've covered...I work in big tech, enterprise software and services. The proliferation of AI right now is very significant and is going to have big ramifications. AI will eliminate a lot of white collar jobs, sooner than some may assume. So what blue collar workers have been enduring for the last 30 years is now coming to white collar workers. Couple this with volatile political environments.

    • @FiddlingCPA
      @FiddlingCPA 6 дней назад +6

      And they will give work to AI before it's truly ready for it, because they've been doing that with tech all the way along. They've already replaced customer service people with pre-AI bots who provide woefully and comically inadequate "customer service," and they're making everyone download crappy, glitch-ridden, user-unfriendly apps all while acting like the new tech is so wonderful and perfect.

    • @peterbedford2610
      @peterbedford2610 6 дней назад +4

      It is interesting to note that Sam Altman is a strong advocate of universal basic income.
      Ive noticed that AI can make programming/coding far more efficient. They're applying their technology to their own business first.

    • @gold707786
      @gold707786 4 дня назад

      @@peterbedford2610 Don't they have a basic income in cuba. How is that working out?

  • @joangratzer2101
    @joangratzer2101 4 дня назад +14

    MY HUSBAND IS AN ARCHITECT WHO WORKED FOR A CONSTRUCTION FIRM. THE OWNER FIRED THE DRIVER WHO WAS RESPONSIBLE FOR DELIVERING MATERIAL TO ALL OF THE JOBSITES (ERIC WAS DIVORCED AND HAD CUSTODY OF HIS SON AND WAS THE HARDEST WORKING, DEDICATED MAN YOU WILL EVER SEE), AND HIRED AN 18 YR. OLD KID IN HIS PLACE FOR 1/2 THE PRICE AND THE OWNER GOT 1/2 THE WORK OUT OF HIM WITH THE RESULT THAT ALL OF THE PROJECT SITES WERE SUED FOR DELAY OF PROJECT. SERVED THE OWNER WELL FOR SCREWING ERIC.

    • @BOULDERGEEK
      @BOULDERGEEK 3 дня назад +1

      Please tone down the all caps. That's unnecessary.

    • @Ikamcmorris
      @Ikamcmorris 3 дня назад +1

      Why in all caps? Is it broken?

  • @FuriousWeasel-09
    @FuriousWeasel-09 6 дней назад +74

    I just watched a video about this from a tech worker. American citizens are being fired and replaced by H-1B workers. All to save a few dollars. It's getting harder and harder for American citizens to put food on the table.

    • @christschool
      @christschool 6 дней назад +25

      That's been going on for at least 25 years. I hired an H1-B worker in 1999 because I couldn't find a good candidate local in Atlanta. Trump's Mar a Logo resort has a ton of Hb-1 and undocumented employees.

    • @dodsonarmsco
      @dodsonarmsco 6 дней назад +20

      ​@christschool I find it hard to believe you could not find good candidates in a market as large as Atlanta. Sounds like a salary issue.

    • @BillR-e2g
      @BillR-e2g 6 дней назад

      Watch the jobless and very low paid very educated Chinese IT workers now looking for work. Globalization is not your friend.

    • @ethxo6734
      @ethxo6734 6 дней назад +9

      Automotive industry is doing the same. Laying off US engineers and hiring overseas engineers for a fraction of the cost.
      Should be illegal.

    • @kevinfestner6126
      @kevinfestner6126 6 дней назад +6

      Look at Tyson laying off its American employees and hiring the recent non doc immigrants.

  • @juliejackman2649
    @juliejackman2649 5 дней назад +5

    I've seen this time and time again. Call centers hiring people giving them raises and great job certificates, then letting them go at the 5 year mark so they can hire new people who can pay much less to, and the cycle just keeps happening over and over.

  • @kf6pfk
    @kf6pfk 6 дней назад +33

    It sure looks to me like a return to 1970s-style stagflation. That was a couple of generations ago, but I remember it well. I've moved most of my investments from Tech to Value, using a Warren Buffet-style "Cash is King" approach. There are so many similarities to the past that I'm taking an "if it looks like a duck, waddles like a duck, quacks like a duck..." approach.

    • @davidworley8059
      @davidworley8059 6 дней назад +3

      I agree, there are many similarities.

    • @1sense21
      @1sense21 6 дней назад +3

      History Repeats Itself.... Again and Again

    • @psj68
      @psj68 6 дней назад +1

      But Trump is going to fix this, right? 😂

    • @BOULDERGEEK
      @BOULDERGEEK 3 дня назад +1

      I'm fearing that the 2020s will end up like the 1920s. I'm rebalancing from equities to money market at 4.8% and bonds plus dividend funds. Living abroad at a quarter of the cost of the US also helps.

    • @Ikamcmorris
      @Ikamcmorris 3 дня назад

      I can't wait.

  • @sambira
    @sambira 5 дней назад +3

    Outsourcing in the tech sector has been going on for decades. I went through 3 cycles of outsourcing in my career. Thing is that companies have always gone back to hiring local because they find out that the quality and control of the work eventually affects the bottom line. Sad that companies keep making the same mistakes but now-a-days no one actually learns from history which means they tend to repeat it.

  • @peterottes6900
    @peterottes6900 6 дней назад +11

    I appreciate the information you always provide. I have a better understanding of finances because of you..

  • @sscalercourtney5486
    @sscalercourtney5486 6 дней назад +6

    I listened to my parents and relatives tell me about the Great Depression. I'm old. And I've never seen a period in the US where our economy was worse than it was during the Great Depression. The real problem is the real world's economy is changing from hard work to smart work. And more people are willing to work hard than work hard at learning to work smart. I'm not fussing. It's a hard change for workers to adjust to. I'm 80 and lived in a house with no tv, no computer. sleeping on a roll out bed in the kitchen with a single bathroom for five people. The car my parents drove me in had a stick shift transmission and A/C was unheard of let alone a computer screen and you had to turn the headlights on and off and roll the windows up and down.
    The vast improvement in living conditions since say, 1880 till now is greater than any improvement over the same140 years span at anytime in history.
    We will not go back to a world where hard physical labor alone can make you rich. You might spend 80 hours a week working hard, but it will not be at a job that demands physical labor. If you are among the lowest intelligence because of genetics at birth then you have a right to be scared. The world is not valuing you as much as in the past. But there is a reason that the three largest economies in the world predicted by banks for the year 2050 are also the three largest in populations. Big business needs lots of consumers. Perhaps in the future some jobs will be solely to consume. If 99% of the poorest people flew off to another planet, the current 1% elite left on earth would be cavemen in 10 years or so. A huge economy needs a lot of consumers. Elon Musk sees this and has suggested a minimum living wage. The problem is once getting a free minimum living wage it will be very hard to escape that.

    • @BOULDERGEEK
      @BOULDERGEEK 3 дня назад

      Post of the month.
      Absolutely. I'm 57 and recently retired. I have to live abroad, as the US is too expensive. And, for me, becoming stupid, dangerous and the opposite of what we were told America values. I'd rather live frugally in another country than be a serf in an American oligarchy.
      My parents were children of Depression Era parents, and instilled frugality, self reliance, fixing things, etc. Glad that I have those skills, now.

  • @widewailcorduroy7278
    @widewailcorduroy7278 6 дней назад +5

    I'm 56. I've carried an emergency reserve fund for almost 30 years. But I've never had to use any of it until this year when I was part of these tech layoffs. And I will likely be forced to ride my emergency fund into an early retirement due to the dysfunctional job market.

  • @markh4750
    @markh4750 6 дней назад +58

    I see you've gone full clickbait title and thumbnail these days. Disappointed, but expected from most youtube channels. I guess it's time to find someone else to discuss retirement advice.

    • @christschool
      @christschool 6 дней назад +17

      I find Holyschmidt to be the very best on RUclips.

    • @1JohnnyCruiser
      @1JohnnyCruiser 6 дней назад +4

      Click bait yes. He says interest rates coming down indicate a world wide slow down then later blames high interest rates and inflation for the ruin.

    • @annettedemary3062
      @annettedemary3062 6 дней назад +6

      Exactly, you beat me to it.

    • @kevinkanter2537
      @kevinkanter2537 6 дней назад

      and a month later instead of #7:48 layoffs more than expected, the same investopedia author wrote:
      The Job Market Was Better Than Expected In October, By Diccon Hyatt Updated December 03, 2024 11:47 AM EST
      ...this just shows month to month variability ---
      maybe the takeaway should be less exposure to volatility by proper % allocation ....
      so, yes a little bit clickbaitish but better than full-on chicken little reactivity like ClearValueTax ...

    • @737smartin
      @737smartin 6 дней назад

      Using income charts that ended in 2022 (24 months ago) and calling an article from October (three months old) "new" is pretty horrific stuff.

  • @scottlevine7646
    @scottlevine7646 6 дней назад +36

    Sorry but this feels very, and disappointingly, click-baity. The entire FP industry trades on keeping clients scared and anxious. I thought Azul was better than this.

    • @jaquevius
      @jaquevius 6 дней назад +3

      Perhaps because the market is severely overvalued and facing a certain correction 🤷‍♂️ This is going to be one hell of a down slide, assuming the government can’t continue overspending the inevitable.

    • @rowan54
      @rowan54 6 дней назад +2

      Agreed, Azul should be better than short-term populists' videos, which is normally the case. BTW what happened to the stock market crash of mid-late 2024 so widely predicted? A little bit like the 'keys' all those predictions turned out to be completely wrong.

    • @johnclifford544
      @johnclifford544 6 дней назад

      I concur. The warnings of pending recession have been relentless throughout the Biden administration, however I think most of that was driven by a political partisan effort to make a Biden/Democratic re-election less likely. Now I fear that the warnings of recession are real. They are coming from legitimate economists and are based on credible data. We are in for yet another Republican recession, but now that Party is 100% under the control of Donald Trump, a con artist who in his personal life has instigated 6 bankruptcies and has overseen scores of failed businesses on his life journey of squandering $415,000,000 of his daddy's money, and in his time as president has added more to the national debt than all of the previous presidents put together.

    • @dansouth2088
      @dansouth2088 6 дней назад +1

      Nobody made you watch.

    • @scottlevine7646
      @scottlevine7646 6 дней назад

      @@jaqueviusYes of course. The market goes up and it goes down. That’s life. But nobody can time the market. So just inviting fear serves nobody except for folks in the FP industry. I like to think that Azul is the exception to this.

  • @kenvalenti5414
    @kenvalenti5414 6 дней назад +18

    My first mortgage was at 14%. Low interest for way too long has lead to hyper-inflation.
    Income will never catch up.
    Only resolution is for a recession/depression with major deflation.

    • @Lam-ba-Lam
      @Lam-ba-Lam 6 дней назад

      'Good medicine tastes bad'

    • @niki9638
      @niki9638 6 дней назад +2

      Houses and vehicles were also considerably less. That’s the part that needs to change. And end welfare.

    • @paulbellas8797
      @paulbellas8797 6 дней назад +2

      Won’t happen. Fed will,keep printing. Watch and see

  • @alphaomega1351
    @alphaomega1351 6 дней назад +13

    It's been a difficult economic period since 2008/9.
    Where have you been? 🤔

    • @dantheman6607
      @dantheman6607 6 дней назад +1

      😂

    • @cbell5017
      @cbell5017 6 дней назад

      In the US……since 08/09 the economy has been booming.

  • @northharriscollege
    @northharriscollege 6 дней назад +11

    My company hired a ton of new employees on my team. So it depends on the parts of the country your in

    • @andrewrivera4029
      @andrewrivera4029 6 дней назад

      Are u a government worker? Government contractor?

    • @clubracer6
      @clubracer6 6 дней назад +2

      What industry? I think that is the bigger factor over location.

    • @s.daniel2259
      @s.daniel2259 6 дней назад

      Which area?

    • @tonyherdina9142
      @tonyherdina9142 6 дней назад

      The owning company may be propping it up to make it look good to sell-off.

  • @drumsnbass
    @drumsnbass 6 дней назад +6

    Never fear, no matter what happens, “they’ll print the money”. Until such time as no one will take the money.

  • @Starfish2145
    @Starfish2145 3 дня назад +2

    A $26 an hour wage in 1980 would be an $80 an hour wage now. That’s the problem.

  • @edb3877
    @edb3877 6 дней назад +51

    Waiting until 65 to retire was a HUGE mistake for me. In fact, it was so bad that I retired at age 55 just to avoid it. 😀
    Always lived below my means and saved that money to invest. That did pretty well, so living without any SS benefits for 7 years was no problem.
    Using the 72t exception with my 401k rollover to a T-IRA provided funds on which to live decently. I never counted on SS benefits anyway, figuring
    that some government types would find a way to screw it up. These days, SS benefits are "found money" that I never counted on when I started
    planning seriously for retirement in my early 30s. It's rather nice to be job-free these days and not have to worry about losing a job I don't have.
    I have no debt and don't want any. I like living a simple and care-free life and hope that others can do it too. Happy New Year, everyone!

    • @christschool
      @christschool 6 дней назад +3

      "Some government types would find a way to screw it up". Oh the irony in your comment, LOL. Sounds to me like you've lived a boring youth. If that works for you, more power to you.

    • @tk4c415
      @tk4c415 6 дней назад +1

      good for you, I have a similar story. I was a firefighter and retired at age 48 with a very good pension. I am 63 now and am debt free as I have been most of my life. Thanks to biden now , I will get a nice raise with my Social Security, they cut my benefits since I had a pension.

    • @jatal4891
      @jatal4891 6 дней назад +2

      Retired at 55 and should have done it earlier. Electrical Engineer that PLANNED on 'early' retirement, I actually over-planned, because I now realize I could have left the workforce at 50. Live within your means, save, avoid debt, eschew accumulation of depreciating assets. Life is good at 61 and I"m looking forward to what life brings. I can weather the ups and downs of the economy due to a diversified portfolio and healthy mindset. Of course not all are in position to do this, but if you can, PLAN

    • @jimmattson8008
      @jimmattson8008 3 дня назад

      I made it to age 61. My wife still works so we can live comfortably. To is a good time to invest in bonds and notes for safety. I am heavy in the 7 year and then the 10 year. No 20's or 30's. I have an average of 4.2% and a monthly income for 6+ years.

    • @tk4c415
      @tk4c415 3 дня назад

      @@jimmattson8008 I just started to buy 20 year at 4.88. I was hoping the market would not go down so much until next year. I was wrong. I sold a lot but will now sell the rest.

  • @PeggyHickson
    @PeggyHickson 6 дней назад +1

    First time to channel. It's a blessing. Thanks Azul.

  • @nicolasbenson009
    @nicolasbenson009 6 дней назад +10

    America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

    • @TinaJames222
      @TinaJames222 6 дней назад +1

      The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.

    • @tatianastarcic
      @tatianastarcic 6 дней назад +1

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

    • @sharonwinson-m8g
      @sharonwinson-m8g 6 дней назад +2

      Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

    • @tatianastarcic
      @tatianastarcic 6 дней назад

      My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @Vincent-j8u
      @Vincent-j8u 6 дней назад

      Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.

  • @robinmd3581
    @robinmd3581 6 дней назад +10

    Azul, you are putting out a lot of scary economic outlook videos lately. Aren't you just timing the market? Isn't that a really bad investment practice? Even if I retire today, I will not need the bulk of my retirement savings tomorrow.

    • @Toys4Life
      @Toys4Life 6 дней назад +1

      He is getting views

  • @virgilfulton4426
    @virgilfulton4426 6 дней назад +2

    First, when you have more people employed into the workforce, the layoff numbers (measured by headcount) are not the same... layoff numbers should be given as a percentage of the workforce, as a way to compare "apples to apples". 2nd, Bank of America's analysis comes from a source (a banking company) with an inherent bias of at least representing the data in a way that helps them.

  • @barnabusdoyle4930
    @barnabusdoyle4930 5 дней назад +1

    I would be really curious to know your reasoning on why you believe lowering the Fed funds rate is going to result in increased consumer demand. If you actually look at what has happened, raising interest rates has not lowered demand except in mortgages. The main factor that dropped demand were the increased prices. Interest rates seemed to have no impact on it.

  • @johnd4348
    @johnd4348 6 дней назад +1

    Just 2 years ago there was a for hire sign on every business. Employers were begging for workers. any workers. no matter what your skill level. What happened.

  • @KH-vw9yl
    @KH-vw9yl 6 дней назад

    Thank you for keeping an eye out for us and advising us.

  • @JJJ5.7
    @JJJ5.7 6 дней назад +11

    Gloom and doom always sells. Analysts have been predicting a recession for years. It's bound to come but who knows when.
    The economic cycle has been delayed by excessive deficits that have propted up the economy.
    When other counties stop buying US debt the US will have a big problem. But most of the developed counties are worse off than the US.

    • @tedbundy2379
      @tedbundy2379 6 дней назад

      I suggest you read up on David Hunter. I’ve been following him for years, he’s been correct the whole time and predicted this market a year ago. It’s going to be bad after a big run up in the market.

  • @Mark4Jesus
    @Mark4Jesus 6 дней назад +1

    Tech workers have multiples more earnings so I imagine that translates to larger than expected reductions in spending in the economy and much lower taxes collected for the next 2-4 years… which is going to make it even harder for the USA to pay off the debt.

  • @RetrieverTrainingAlone
    @RetrieverTrainingAlone 5 дней назад

    Substantia tariffs can be passed on as a consumer tax and increased inflation.

  • @auto_pilot
    @auto_pilot 6 дней назад

    Azul, I commented several videos ago about my retirement dilemma as a high net worth and income individual. Had a long talk with my wife, after reading your reply to me, and came to the conclusion that retirement may not be what’s best for us, at least not yet. Decided to take more trips and spend less time working during my less-busy seasons. It’s really hard to walk away from a mostly “work-from-home” business when I’m the boss. I just finished my year-end financial review and the numbers crunched to a net income of $1.2 million this year (with gross income just shy of $2 million)…and that’s taking a pretty aggressive position on some gray-area expenses and not even considering investment or other passive income streams. Saying all that, it doesn’t feel like a major recession is coming in my world where the income keeps growing and the business keeps pouring in.

    • @jaquevius
      @jaquevius 6 дней назад

      I’m a business owner as well, so I understand what you’re saying. There is so much printed money in the economy now, but I don’t think it’s sustainable. I’m in healthcare so pretty insulated from a recession, but depending what sector you’re in, I’d at least have a plan. My retirement will still include keeping and running the business, but from very little work involved, and essentially passive income. The traditional retirement advice really doesn’t apply to business owners. I’ve amassed much more than expected in Roth 401k’s and backdoor Roth IRAs, and in all probability will never even touch them. Even though Azul is a great resource, no RUclips channel can give individual advice, and much of his content doesn’t really apply if you’re a business owner that will have enough passive income to meet all of your expenses.

  • @eddieashby9601
    @eddieashby9601 6 дней назад +1

    One thing that's not counted in the unemployment are gig jobs. I set up entertainment centers, security cameras and smart home thermostats, etc for Best Buy, Home Depot and other providers and business has dropped 85% over the past 6 months. A year ago there was more work than I could handle now I'm lucky to get one job per week.

  • @raeannewatson2807
    @raeannewatson2807 6 дней назад

    Great information as always! Any additional recommendations for those of us that are already retired and not in the workforce?

  • @gsogymrat
    @gsogymrat 6 дней назад +5

    I'm 59 and plan on working until I have Medicare. I have a full-time job at a hospital system and recently took on a second job at another hospital system just in case I lose one of the jobs.

    • @dantheman6607
      @dantheman6607 6 дней назад +3

      Most hospital jobs are very secure

    • @slocumb1270
      @slocumb1270 6 дней назад

      Keep on working to till age 65 and beyond. Even 70 - 75. Us early retirees appreciate the tax contributions.

    • @servantfollower9818
      @servantfollower9818 6 дней назад

      How do you get that courage to work until 59?
      I'm 45 next year and I'm giving up. Very exhausted.Any advice sir ? Am about to put my resignation letter.

  • @farmboy-rz5xh
    @farmboy-rz5xh 6 дней назад +1

    What are you doing with health insurance that got laid off or not working at the mean time until reach age 65 for health insurance and Medicare.

    • @Dweeble233
      @Dweeble233 6 дней назад +2

      Your best option is Obama Care also known as ACA. This provides an income based insurance option. Has pretty good coverage so I hear.

    • @Oglulubell
      @Oglulubell 5 дней назад +1

      There are other channels that explain how to get ACA. The premiums could be high if you’re still on salary but, if you can show that you don’t have a salary the premiums are quite low.

  • @godfreyzilla8608
    @godfreyzilla8608 3 дня назад

    "In an account that the local bank is not invested in the stock market" - Aren't those the banks that usually go belly up first during a serious economic downturn? If that is an actual safety valve how can I tell if my local bank is such a bank?

    • @rogersalyer3798
      @rogersalyer3798 День назад

      Ever heard of bail-ins? Check it out. If a bank fails, it's possible for the bank to use deposits to rescue themselves.

    • @godfreyzilla8608
      @godfreyzilla8608 День назад

      @@rogersalyer3798 : I thought the FDIC was designed to prevent that from happening. Damn!

  • @KhiidZerri
    @KhiidZerri 6 дней назад +16

    Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

    • @sarahmark7682
      @sarahmark7682 6 дней назад

      I'm 37 and have been looking for ways to be successful, please how??

    • @KhiidZerri
      @KhiidZerri 6 дней назад

      Sure, the investment-advisor that guides me is..

    • @KhiidZerri
      @KhiidZerri 6 дней назад

      Elizabeth stark

    • @ethanjesse8661
      @ethanjesse8661 6 дней назад

      Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

    • @AndrewMikel-js7qb
      @AndrewMikel-js7qb 6 дней назад

      Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

  • @bonniegaither3994
    @bonniegaither3994 6 дней назад

    Yeah, I don’t know about the consumer savings accounts. My high-yield savings account dropped my interest rate the day the feds drop theirs. My bank dropped the savings rate the day before the feds drop theirs.

  • @retiredoba2836
    @retiredoba2836 6 дней назад +5

    I missed your definition for the massive storm that’s coming.

    • @nickmclay
      @nickmclay 6 дней назад

      Listen again. Stagflation is the possible storm. Some say it WILL happen

    • @heiner71
      @heiner71 6 дней назад

      It's pretty rainy where I live, for the last week or so. There may be more wind and rain coming over the weekend. Perhaps he is from the same region.

  • @AnnaMO-kb3ir
    @AnnaMO-kb3ir 3 дня назад

    This is why after 2008 I went to nursing school. My job sucks, but I can always get one.

  • @JAYY_JAYY
    @JAYY_JAYY 6 дней назад +4

    It’s going to be quite interesting to see all the social security elderly, disabled, less fortunate when the tariffs hit .
    They think they are struggling now .
    Good luck to all of them .

    • @TreeofLife-r3d
      @TreeofLife-r3d 6 дней назад +4

      😢
      That's your grandmother 👵
      That's your grandfather 👴
      Your aunt and uncle
      Bless them 🙏 ❤️

    • @1sense21
      @1sense21 6 дней назад

      Many elderly are struggling to stay in their homes because of homeowners taxes...our politicians know this...
      I am seeing more retirees working part-time jobs..

    • @JAYY_JAYY
      @JAYY_JAYY 6 дней назад

      @ They should have not voted for Billionaires
      Don , Elmo , Vivek are now running the country.

    • @slocumb1270
      @slocumb1270 6 дней назад

      Election is over. You lost. Threat of tarrifs is a negotiation tactic.

    • @gold707786
      @gold707786 4 дня назад

      I have never seen a riot from the wheelchair crowd yet but it could happen. Weaponization of crutches, braces and motorized scooters creating chaos.

  • @wwtdwhatwouldTONYdo
    @wwtdwhatwouldTONYdo 3 дня назад

    Who is Azul and why should I care? That should be the first line in the description.

  • @Gless777
    @Gless777 6 дней назад

    Tech Lay offs have been happening for the last three quarters, and most of Mag 7 are expected to 'hire and trim' at the same time in 2025. TBH, Mag 7 (AI spend) have prevented recession for the broader US economy. Curious, what is the overall perspective for US economy (minus tech) ?

  • @sci-fi.tsunami
    @sci-fi.tsunami 6 дней назад +4

    In Star Trek, they solved the money problem. Why aren't we making any progress in the real world? Look around. It's 2025 & everything (except for the telephone) looks exactly the same as it did back in the 60s, 70s and 80s. The cities, the towns, the streets, everything is the same. I've been shopping at stores for over 50 years & they're exactly the same as they were when I was a little kid. The world is still nothing but slaves, peasants and kings, just like it was back in The Dark Ages. Instead of moving forwards, in the past few years, we have been moving backwards.

    • @timewa851
      @timewa851 5 дней назад +1

      except for the cameras monitoring behaviors they can fine you for. That has changed. And all the fees & subscriptions & fuel is not 80 cents a gallon & a mountain bike costs as much as a waterfront building lot in 1965. Work to live then work some more.
      The goal posts were moved. Every night when you slept. Tricky People.

  • @davebrown5223
    @davebrown5223 5 дней назад

    Was just “downsized” by a major energy company in Nov ‘24. Have 3 offers but at 60, questioning if I should just retire.

    • @ludwigvonmiseswasright4380
      @ludwigvonmiseswasright4380 5 дней назад +1

      Is there any way to work part-time? Or to "consult" for projects? 60 is too early to retire, but a good age to transition.... But if your industry is all-or-nothing, you should put a few applications out to small jobs, walking distance from home, 4 hour shifts. Work gives life routine, and keeps anxiety away. You won't be able to get that small job if you look too old. But you will be able to keep it for a long time, even when you look old.

  • @josephkelleher8820
    @josephkelleher8820 6 дней назад +5

    In my opinion you are usually better off working for the Federal or State government where there are minimal layoffs and you are usually covered by a pension plan. Defined benefit pensions are the best.

    • @tk4c415
      @tk4c415 6 дней назад

      I agree, I am a retired firefighter with a very good pension. I was never going to be rich, but I did not have to worry about layoffs, or transfers to other states, I have been retired since age 48 , now 64 and have no money issues. I was lucky to buy a house in AZ in 09 crash for 140K and sell it for 420k. I bought a house in 14 for 240k and its now worth 600k. I have lived in Thailand for the past 4 years and rented my house for 30k a year. When I am 65 and on medicare I will return to USA and probably sell my house and move back to Thailand.

    • @acamiln8354
      @acamiln8354 2 дня назад

      Yes, it was so in my communist country.

  • @billszymanski4844
    @billszymanski4844 4 дня назад

    Nice look! I expected you to talk to retirees like you usually do. This is all excellent advice, for sure. what are your thoughts if I’m a retiree who is skittish about social security being stable and who want to protect their US Dollars next egg from shenanigans?

  • @billybigelow411
    @billybigelow411 5 дней назад +1

    Thanks Azul- The severity of the layoffs will likely be “US State- Dependent”, as some are clearly worse off than others

  • @jaynstokes1987
    @jaynstokes1987 3 дня назад

    how does this info affect your decision or someone's decision to retire in this or the next year? do you advise waiting this out, or just moving forward

  • @FiddlingCPA
    @FiddlingCPA 6 дней назад +4

    I'm so tired of pretending that all the new tech can do the job as well as people can. The new apps they make us download often suck, and the customer assistance bots are woefully and comically adequate. It's all so frustrating. Now they will try to get AI to do too much when it's not truly ready either.

    • @beth3535
      @beth3535 4 дня назад

      The bots are insulation against customer and product issues and effectively erode consumer rights.

  • @jtslev
    @jtslev 6 дней назад +4

    Why am I taking financial advice from a DEA agent from Albuquerque New Mexico?

  • @ArchieHwan
    @ArchieHwan 6 дней назад +3

    I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

  • @user-od9iz9cv1w
    @user-od9iz9cv1w 5 дней назад +4

    As a retired Canadian high tech exec I have seen many recessions including in tech. These recommendations are wise for any time, but essential during an economic downturn. I'd add live below your means. I was living in Boston in 2000 when a big tech cut back happened. After 911 most of the buildings around Boston were literally empty. I stayed employed through the entire thing by networking and creating jobs that were never listed.
    This is an apolitical channel, but without talking good or bad it is a fact that America elected a party that has said they will impose tariffs on Mexico and Canada and possibly China. It is hard to argue that in the short to medium term this will not increase costs to consumers and cause layoffs. Take automotive for example. Any car assembled in the US other than Tesla uses parts from Canada and Mexico. In an industry already in trouble adding 25% to parts will tip those jobs into the brink. Sure, tariffs can encourage onshoring, but that cycle is measured in decades, not months. I suspect the US economy was already overheated by Biden and poised for a correction. Tariffs and general chaos never favors stable growth.
    In my case, I live below my means, own my home and have investments in instruments so conservative the banks will fail before I do. I recommend you get a one year emergency fund in place and prepare to hold steady while your retirement fund gets gutted for a couple of years. If you don't sell, it does not matter. I have seen too many friends sell at the bottom of a recession and end up broke.

  • @chuckkolb1270
    @chuckkolb1270 6 дней назад +13

    The elephants in the room are: DT & EM, two humans who care little to nothing about the little guy. Narcissism runs too deeply.

    • @memags
      @memags 6 дней назад

      Yeah ok. This is just Bidenomics coming to a head. Now that DT is ready to be inaugurated this of course will be all his fault . Most of us are awake now, try it.

    • @heiner71
      @heiner71 6 дней назад +3

      You forgot Vivek.

    • @TheThiaminBlog
      @TheThiaminBlog 6 дней назад +2

      You are wrong. It will be a rocky year but things will begin moving in a better direction for the American workers

    • @whowillsaveyou3554
      @whowillsaveyou3554 6 дней назад +1

      Can you even fathom what the future of this country would have looked like if Haris would have won? She couldn't even manage a billion dollar campaign, and the money she paid celebrities, outrageous.

    • @heiner71
      @heiner71 6 дней назад

      @@TheThiaminBlog , Because of which specific policies?

  • @Robert-jd6xc
    @Robert-jd6xc 5 дней назад +1

    If you short this market by putting your finances in a defensive posture, you're liable to miss out on huge gains in 2025.
    I've heard this story over and over and over. Fully understand the risk of becoming defensive and missing out on HUGE gains over the next few years b4 just doing it.

  • @racebanning6390
    @racebanning6390 6 дней назад +2

    Its Been decades of economic turmoil. Were quite used to it.Theres nothing to do but keep doing. Homelessness, joblessness, poverty, death, gov. Opression. Ya pretty sure no New surprises will even deserve a blink.

  • @stuartflipflops
    @stuartflipflops 6 дней назад

    Median is not an average as it is the "middle" point of a set of data providing the center data point

  • @marsgal42
    @marsgal42 6 дней назад

    I've done everything right: seven-figure nest egg, CPP just about maxed out (I'm Canadian and we have problems of our own), zero long-term debt. I have allowances for inflation. Economic catastrophe will hurt me, but it will hurt a lot of people too.

  • @boscdny
    @boscdny 6 дней назад

    Keep low or cut expenses; they should be on the list. Also, federal employee layoffs could add to the increase in unemployment.

  • @SteelyTheVan
    @SteelyTheVan 6 дней назад +1

    Could the drop in median household income be attributed to boomer retirement as well as layoffs? How can that be teased out?

  • @Werfdsa23
    @Werfdsa23 6 дней назад +4

    Tariffs, deportation of workers, and talk of invading other countries are all pointing to high risk and inflation. Treasury markets are starting to reflect his as higher rates. This is the next market correction. People don’t believe right now, but as this is all implemented, we can expect the fantasies to fade. Hope for the best but prepare for the outcome that experience tells us will happen.

    • @deanrotering879
      @deanrotering879 6 дней назад

      Rates are going higher because inflation has been going up for the last four months. Trump tariffs in his first term caused zero inflation . Don’t believe the narrative. The coming recession cannot be stopped no matter who won the election.

    • @johngarceau541
      @johngarceau541 6 дней назад

      Trump2024

  • @stevec4533
    @stevec4533 2 дня назад

    I’m already retired, but I believe this is some good advice for those still working.

  • @LongListOfErrors
    @LongListOfErrors 6 дней назад +2

    A broken clock is still correct twice a day.

  • @MOstix13
    @MOstix13 4 дня назад

    Lower interest rates are definitely not a good thing for consumer savings accounts.

  • @targadave
    @targadave 6 дней назад +1

    $1 trillion is being added to the national debt every 100 days. Currently blasting past $36 trillion. Layoffs/recessions are mere tiny sideshows as we enter the final stage of this financial ponzi scheme. Be aware that an emergency fund is likely in a currency that will be rendered worthless as we enter a final stage of hyperinflation. Keep some liquid tangible assets in the mix!

  • @issiewizzie
    @issiewizzie 6 дней назад

    As companies become more overvalued the expectations are high from the shareholders and in most cases some of this companies can't meet that expectation. The easiest thing to do is job layoffs.

  • @ToolsForLife1111
    @ToolsForLife1111 6 дней назад +4

    Hi Azul, i was told last year by professional to invest in the market, i felt uneasy abt that. I have a small income with a small amt of inheritance. I cant lose a dime tbh, I want someplace where the odds are most secure and that if i need it i can get to it. Can you do a show on " safest bets". For example CDs ? Bonds? etc. tks

  • @SI-lg2vp
    @SI-lg2vp 5 дней назад

    Best advise is to have a skill in a occupation that you love to start. Live well below your means and invest. I always knew that my job could be taken away at any moment, so I invested in my education so that I could have a side business while holding a job. My employer was aware of this so we were on equal basis. I love my job, and preformed as if I was an owner of that business. By working as an owner and not as an employee you add value and likely be able to hold the job as long as you want. I retired early at 62, and continued with my own company. Funny how my former employer thought I would change my mind and return to work. They showed my as an employee for 5 months after leaving. I made a phone call to them and they told me they were keeping the job open if I wanted to return. I still working in retirement and earn more than my prior job, its not in a paycheck, but in cash flow events.

  • @probuilder961
    @probuilder961 6 дней назад +3

    As always, you must make yourself valuable. And sometimes, remake yourself.

  • @bonniegaither3994
    @bonniegaither3994 6 дней назад

    Can you do a video on what we can do to protect ourselves if/when Trump gets rid of FDIC

  • @meatman6660
    @meatman6660 5 дней назад

    Okay Azul, I think you cherry picked some talking points to make this content. My background is MBA with economics minor.1) The median household income chart is a microeconomic view, pre-Covid till 2 years later. 2nd slide 2019-2022. 2) Lay-offs. You failed to acknowledge UAW and Boeing strikes. The talking heads in DC referenced that in October. 3) You did discuss the over hiring in Tech during Covid. My counterpoint is it's a local issue. Factories here in Texas are starving for workers. 4) Data from two days ago is Christmas spending is up 3.8%. Good prep talk! We're retired with 48 months of cash to endure a major market downturn.

  • @mjvicc1952
    @mjvicc1952 5 дней назад

    A tough economic landscape is an understatement at best. Years of an economic bubble created by both fiscal and monetary policy exacerbated by “ irrational exuberance “ combined with an unwinnable trade war will create economic pain unseen since the Great Depression.

  • @kradwonders
    @kradwonders 6 дней назад +3

    Will the local bank be a safe place to hold your money if the FDIC goes away?

    • @3namechangezalowdevry90day7
      @3namechangezalowdevry90day7 6 дней назад +2

      Why would the FDIC go away? Govt loves banks.

    • @paulstein916
      @paulstein916 6 дней назад

      @@3namechangezalowdevry90day7There has been discussion of merging the FDIC responsibilities into the Treasury dept. The FDIC agency would be closed but the FDIC insurance program would be overseen by Treasury. I don’t see it happening.

    • @kradwonders
      @kradwonders 6 дней назад +1

      @@3namechangezalowdevry90day7 That’s one Elon’s goals. That way the government does not have to cover any loss. More budget reduction.

    • @3namechangezalowdevry90day7
      @3namechangezalowdevry90day7 6 дней назад

      @@kradwonders Elon's bought himself a position but he's not the only one who can afford to buy politicians.

    • @3namechangezalowdevry90day7
      @3namechangezalowdevry90day7 6 дней назад

      @@kradwonders The FDIC is insurance that the banks all pay into quarterly. Even if there was a massive wave of bank failures and they had to be bailed with taxpayer dollars, banks would have to pay that money back once they were back in business.

  • @mccoyji
    @mccoyji 5 дней назад

    Stonks going down??😢😢😢

  • @BarnabyBarry
    @BarnabyBarry 6 дней назад

    Also Listen to Rob Berger at least he wrote book about investing & is a licensed attorney and does live streams

  • @dustinmiller2775
    @dustinmiller2775 5 дней назад +1

    It's my money and I want it, NOW!!

  • @viajandomundo421
    @viajandomundo421 5 дней назад

    Great advice. 2025 is looking scary.

  • @michaelrobinson2524
    @michaelrobinson2524 6 дней назад +1

    All great advise.

  • @AnthonyC-vk5ig
    @AnthonyC-vk5ig День назад

    At this stage of my life if I get laid off my next job is full time bad amateur golfer.
    Rule of 55 in effect with a reasonable accessible 4p1K plan. Great Army pension and VA benefits.
    I could carry mortgage into retirement if needed.

  • @whowillsaveyou3554
    @whowillsaveyou3554 6 дней назад +1

    In my life time I've seen 1987, 2000, and 2008 where the market corrected hard, only a fool would think we are not near the next one.

  • @5milessep
    @5milessep 6 дней назад

    The vast majority of major American companies have call centres offshored 😩

  • @TaggeGust
    @TaggeGust 6 дней назад +138

    Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Charlotte Miller

    • @KenistonKist
      @KenistonKist 6 дней назад

      I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

    • @Arlingtongeorge
      @Arlingtongeorge 6 дней назад

      The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

    • @johnsonwilliams92
      @johnsonwilliams92 6 дней назад

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

    • @luckystatham
      @luckystatham 6 дней назад

      I'm new at this, please how can I reach her?

    • @laurenstewartd
      @laurenstewartd 6 дней назад

      I NEED $100K BY THE END OF THIS YEAR FOR NEXT RENT
      HOW ARE YOU GUYS MAKINGS THIS MONEY?

  • @restorefreespeech
    @restorefreespeech 6 дней назад +7

    A layoff isn't always a bad thing. Pick up a severance check and welcome to retirement!😊

  • @MrTekunOlam
    @MrTekunOlam 4 дня назад

    @Azul,
    Thank for this video. I’d really welcome your thoughts on the below.
    The real upcoming threat to the American economy is our $37-38T debt, which is growing 1T every 100 days.
    The solutions to this have to include some form of tax raises and a scalpel cut on spending. But, we won’t do it because it is politically suicidal. Trickle down economics is branded as they way to grow out of our problems - I think that’s simply fantasy.
    If nothing is done, the value of the dollar is going to have be monkeyed with one way or another, none of which will help retirees let alone the working class.
    I am skipping over the risk we are taking politically by letting the dollar not be the fiat currency but that we enter a global multipolar currency system - this will not help the dollar, nor our ever increasing debt problem

  • @Gregory-db2nm
    @Gregory-db2nm 6 дней назад +1

    It'll be ok buddy
    Have a drink and relax

  • @rlhaff3560
    @rlhaff3560 4 дня назад

    Large corporations MUST lay off workers... they certainly aren't going to cut pay at the top! CEO's and those right below them almost NEVER take any of the pain!

  • @casienwhey
    @casienwhey 5 дней назад

    Zul, good points. I figure AI will probably replace most jobs eventually.

  • @anderspedersen6750
    @anderspedersen6750 6 дней назад +1

    Yet these big tech companies have spent how many billions on stock buy back? If it was lack of capital, or cheap capital, that they are laying off people they would not have done stock buybacks. The layoffs are already affecting quality at some of these tech companies, which is not good for their long term health. But at least the stock owners are making money now.

  • @BlueEyed888
    @BlueEyed888 6 дней назад +8

    Get ready to change your name so you can use the time worn “The Collapse Has Already Begun!” line. It’s only been used about 15,000 times since 2008!

  • @jburch1544
    @jburch1544 5 дней назад

    Thinking ones going to work for a company until 65 or 70 with a high salary is not realistic for most. Was told this 40 years ago to be ready at 55 to go. Nothing really new