I lost my job managing commercial real estate in Portland Oregon about 3 months ago. It was great to have a summer off for the first time since 1994, but I was actively looking for a new job. Finally found a new job that I’m starting tomorrow.
You must be very sensible with money if you were able to do that. Everyone should do that and then they’re not living paycheck to paycheck. so many people go through life not having any savings at all, which seems to me would be very anxiety provoking. Congratulations on your new job.
There are so many positive comments recently on Chris’s feed. I want to let everybody know I read his book on my Kindle. I’m 60 years old and I’m not really into self-help books but I like this content creator. He’s down to earth. I love it when he does videos with his wife. So I bought the book just to see what it was about. It reads exactly how Chris speaks. it really is about maintaining the proper perspective in life at any age. Living with your means. Remembering what’s important. it’s a quick easy read and I found it very uplifting and I just figured I’d recommend it to the people here because it seems like there’s a small community of like-minded people in this comment section.
Thank you so much for the kind words :) Also please leave a review on Amazon when you can. This is all word of mouth and I'm happy to hear you liked my book!
I have always found it quite bizarre how the mobile phone industry actively promotes almost annual phone upgrades. You might find this insane but I'm still using a Samsung Galaxy S7 edge. The thing is I long ago installed a custom rom so it's currently running Android 13. Put simply it does everything I need it to do and I think the E waste generated with all these old phones is a serious global problem. Several years ago mobile phones became sufficiently powerful that you just can't justify the constant upgrades. The mobile companies artificially prevent OS Upgrades to make it seem as if you need to upgrade when you don't.
The upgrade cycle needs to change. It should be two to three years. I am sure sooner than later this will happen. Cutomers are no longer lured by gimmick features mobile companies put in their products to make it attractive. One can also think of evil tactics which these companies might use to send updates that destroys old products.
Are they that bad in terms of waste? A lot of metal and glass, doesn’t seem the worst? You should see how much waste the construction or entertainment industry creates. Even if you upgrade the phone lives on in the second market. But yeah I go for three years now.
Chris - another Chris here - Good people always succeed in the end. I was laid off twice from high-profile engineering jobs, but looking back, it was the best thing that could have happened. It pushed me to reinvent myself, and now I have my dream job.
Simply going for a walk in the park a couple of times a week is extremely good for you. There are loads of self help "gurus" on RUclips but rarely they mention these simple ways you can benefit your health that don't involve buying their book or something. A walk in the park, that is one of them. Another superb and free thing is to keep a diary (what we call it here in the UK, but in the US/Canada you usually say "journal"). This is a private diary you can keep it in a word processing document, don't show it to anyone else. I have seen studies that show keeping a diary like that is just as beneficial for many people as seeing a therapist. It is certainly a lot cheaper.
A bit off topic, but I just loved the street furniture in the from of exercise equipment. What a great idea💡! P.S Keep up the good work shedding light on that dysfunctional would-be master of the universe, Musk, and his enablers.
I am still trying to load up on relatively safe investments because I guess I'm fairly conservative in strategy. During the pandemic, i moved everything in retirement to managed bond mutual funds & it the move paid off big. So now I'm looking for the next signs of a downturn.
I love to treat saving/investing like a “loan” to yourself. It’s amazing how it compounds over time. It should be a “required” expense like a car payment. Yes, you will have less money to spend on stuff you want now, but it will help one in the future when you transition into the non working environment.
True. You have to have a job that pays the bills first . I struggled for years to find a decent job. Once I did, I actually got a bit addicted to trying to get the investments as high as I can reasonably.
My family works at the plant your speaking of. They are getting rid of the Stamping Plant building and moving it to a different GM plant. The layoff is in January. The current vehicle they build is the Cadillac ct4. If electric vehicles end up falling through it's said that the plant could be closing entirely in the next couple years.
@realchris My family member who works there has been there for almost 40 years. So he is already old enough and has the time to retire so it wouldn't affect him. But he doesn't want them to close it down because it is still a change. A lot of times whenever they close plants. They will do plant transfers and pay workers to move to another city or state to work at a different plant and it's typically goes by seniority. So that's what he would do if that became a option. I was at his house a week ago and he was telling me about this layoff. But I will try and get more information about it from him.
@realchris here's a most up to date explanation by my family member. Also I was wrong. They make the Ct4, not the ct5. "November the Malibu will end and layoffs will start, January CT4 will stop production and will go on layoff along and stamping will be put on layoff. 1st shift and stamping will come back as of right now July 2025 for the electric Bolt and CT4 2nd shift won't come back till 2026 all temp employees will no longer be employed when layoffs start They removed machines at Fairfax stamping a couple days ago and moved them to Arlington plant so they will only stamp whatever is at Fairfax till January"
@realchris So Temporary employees are most definitely being let go and not hired back. But full-time members should be safe for the next 2 years at least with periodic stoppages. (We still get a paycheck when we are laid off) "Thankful for being Union" But if we do officially go into a recession with a large drop in GDP. I could see this plant in Kansas being one that permanently closes possibly in the next 4 years. The CT4 doesn't sell well enough, it has very little commercial usage. The Malibu is already confirmed not being revived. That just leaves them with an Electric Chevy Volt and the Luxury compact CT4. The CT4 only sells between 1,000-2000 vehicles a year. And it's possibly being phased out in 2026. The Chevy Volt would be the thing keeping the plant open. But if electric vehicle don't do good, or chevy can't take market share. That too will contribute to plant closure. For comparison. The plant I work at Produces 1200 vehicles A DAY.
Good all around advice Chris! Do what you can to have skills others don’t have so that you are more valuable to employers and invest in bonds or index funds.
When one bubble pops, another bubble begins. I think that greed is overthinking the market. Do not overthink the market. Grow your investment slowly, always stay in the market whether you gain or loss, stay diversified and get a job.
I will never understand why cars are so expensive. They want all of this money for over-priced consumer product that depreciates as soon as the ink dries.
Insane amount of "extras" all dependent on electronics that you can't rely on. Cars are Christmas trees with so many ornaments that are not needed, especially if you only use it to commute less than 15 miles.
I trust your opinion and judgement! Your a wise young man with a lovely wife, and I appreciate the fact that your a honest man with moral standards, and values! Seems people like you are in the minority these days unfortunately. The last couple of years I have been observing geopolitical movements to understand better what is going on worldwide rather than just locally to my geographic location. I also get overwhelmed by the world events that are so very disturbing to people who cherish the idea of a peaceful existence in the world than that of a dystopian hellscape. Thanks for all your great insightful well balanced opinions and observations. I pray your channel goes far because your an honest broker in a world of scammers! Smiles to you and your wife you're great people!
Me too! They said I left the toilet set up in the CEO’s office well maybe I did I also pooped 💩 in his toilet 🚽 left a big one floating like a dead ☠️ rat 🐀
Private Equity is not a good sign. Intel has some very serious problems rn. A techie channel says that the chips they are sending out now aren't even reliable.
@@Wadiyatalkinabeet_ the orange turd and his ignoramus hangers-on are going to lose in a landslide, then they will whine and complain that it was 'stolen' lol
@@Wadiyatalkinabeet_ 34 felonies, E Jean Carroll, abortion bans, Trump University, multiple bankrupt casinos, Stormy while Melania was home with their infant son, and Mark Robinson. Get help.
Sorry to hear this! Just keep at it. Practice your interview skills and keep trying. Let your friends know you are looking. I have gotten jobs through friends because employers like getting referrals from people they know. Good Luck!
@@larryo6874 thank you. i think i have one more job left in me, maybe 2. I thought i had a couple but they both didn't get back to me. I have a 3rd i applied for on friday. These are good potentials, in addition to all the applications i have been sending out. I am in good shape. Thanks for the support Larry.
Everyone is not losing thier job. But inflation is not going down. It is just going up at a lower rate but a higher base. So actual inflation is compounding and workers will never gain purchasing power.
@@onekibottom line Inflation is still rising. inflation is still above 2% which is 50% of the Feds mandate. Yet that target has not been met for a long time.
They are picking and choosing data to exploit the market participants and possibly sway an election... the market is no longer a market. It is the strongest nearly lethal weapon the Military complex now controls to defeat Putin and Xi... The Corruption is deep and the Fraud horrifying.
@@Joe-ti7qd As of August 2024, the inflation rate in the United States was 2.5%. Still 25% over the mandate and was over 8 or 9 percent at one point. The prices are not going down and accumulate higher even if inflation drops to 1% that 1% is added to the price of products/services.
that you walk and talk and think at the same time and I mean while recording...is a wonder to me...I seriously could not do that .when listening and not watching it sounds like you are sitting in a studio. I cant even edit videos
The US auto industry is in a decline, EV offer low cost vehicle. Better bang for your bucks. People can't afford a $60k-80k vehicle anymore. Get out from Auto industry ASAP.
Hahaha now it all makes sense why all the anti Elon redirect....lol I knew you were but hurt because of the success of Tesla...on you knees and beg for some position at Tesla or maybe start being more truthful in your vids and gain true followers
Countries that introduces EV are just dumb. All the EV infrastructures charging paid by who?? The tax payer's paid for it and build charging point free for those silly EV drivers. Wonder how many millions were use to build these trash
@vmr6771 sure need subsidiaries, expensive cars, wait till all cars are ev ,you will not get any subsidiary, then you know governments will be laughing, making more money. EV will die down , no economy wise to own one
@bartvanderheijden7055 too much money to spend , countries can use that money to better use, then to fix something that are not broken. EV batteries cost a lot to replace, wasting time on charging , a really troublesome machine, that was invented by a con man
@bartvanderheijden7055 governments will always use country's money to build free infrastructures, it is not coming out from their own pocket, sure they want to show the world ,they support climate change project, but climate change and global warming are scams too.
Passive income - the root of increasing inequality. Someone is doing the actual work from whom you take a slice and they may be earning 20 bucks an hour. They should be holding all the shares - you know, the wealth creators and not some rando dude sitting on his arse doing nothing
🏠 Start Investing! www.chrisnorlund.com/invest
Hey man, just wanted to say that I appreciate your measured and even-handed commentary, both on economy/investing and politics.
Appreciate that you appreciate it :)
I lost my job managing commercial real estate in Portland Oregon about 3 months ago. It was great to have a summer off for the first time since 1994, but I was actively looking for a new job. Finally found a new job that I’m starting tomorrow.
You must be very sensible with money if you were able to do that. Everyone should do that and then they’re not living paycheck to paycheck. so many people go through life not having any savings at all, which seems to me would be very anxiety provoking. Congratulations on your new job.
@@waterwomaninFL luckily I had a good amount saved away & no debt other than my mortgage. 😊
That's good news. Congrats on the find. Best wishes and luck.
There are so many positive comments recently on Chris’s feed. I want to let everybody know I read his book on my Kindle. I’m 60 years old and I’m not really into self-help books but I like this content creator. He’s down to earth. I love it when he does videos with his wife. So I bought the book just to see what it was about. It reads exactly how Chris speaks. it really is about maintaining the proper perspective in life at any age. Living with your means. Remembering what’s important. it’s a quick easy read and I found it very uplifting and I just figured I’d recommend it to the people here because it seems like there’s a small community of like-minded people in this comment section.
Thank you so much for the kind words :) Also please leave a review on Amazon when you can. This is all word of mouth and I'm happy to hear you liked my book!
I have always found it quite bizarre how the mobile phone industry actively promotes almost annual phone upgrades. You might find this insane but I'm still using a Samsung Galaxy S7 edge. The thing is I long ago installed a custom rom so it's currently running Android 13. Put simply it does everything I need it to do and I think the E waste generated with all these old phones is a serious global problem. Several years ago mobile phones became sufficiently powerful that you just can't justify the constant upgrades. The mobile companies artificially prevent OS Upgrades to make it seem as if you need to upgrade when you don't.
These days, our phone hardware is so good, you are right, you can stick with the same one for years.
The upgrade cycle needs to change. It should be two to three years. I am sure sooner than later this will happen. Cutomers are no longer lured by gimmick features mobile companies put in their products to make it attractive. One can also think of evil tactics which these companies might use to send updates that destroys old products.
I went from Galaxy S2, to S6 to Oneplus 8, so in like 12 years i've upgraded phone three times.
@@Midgert89 Honestly that's awesome. In such a wasteful society that something you should be proud of.
Are they that bad in terms of waste? A lot of metal and glass, doesn’t seem the worst? You should see how much waste the construction or entertainment industry creates. Even if you upgrade the phone lives on in the second market. But yeah I go for three years now.
Chris - another Chris here - Good people always succeed in the end. I was laid off twice from high-profile engineering jobs, but looking back, it was the best thing that could have happened. It pushed me to reinvent myself, and now I have my dream job.
Simply going for a walk in the park a couple of times a week is extremely good for you. There are loads of self help "gurus" on RUclips but rarely they mention these simple ways you can benefit your health that don't involve buying their book or something. A walk in the park, that is one of them. Another superb and free thing is to keep a diary (what we call it here in the UK, but in the US/Canada you usually say "journal"). This is a private diary you can keep it in a word processing document, don't show it to anyone else. I have seen studies that show keeping a diary like that is just as beneficial for many people as seeing a therapist. It is certainly a lot cheaper.
Thanks Chris, I always look for your perspective. Have a great day.
Hope you have a great day also!
Love your channel and content! I always enjoy your clear insight and logical thinking!
Volkswagon also announced laying of big numbers in Germany, just as China unveils a new range of new automobiles.
A bit off topic, but I just loved the street furniture in the from of exercise equipment. What a great idea💡! P.S Keep up the good work shedding light on that dysfunctional would-be master of the universe, Musk, and his enablers.
I love Chris’s reporting on Elon as well.
I am still trying to load up on relatively safe investments because I guess I'm fairly conservative in strategy.
During the pandemic, i moved everything in retirement to managed bond mutual funds & it the move paid off big. So now I'm looking for the next signs of a downturn.
I love to treat saving/investing like a “loan” to yourself.
It’s amazing how it compounds over time.
It should be a “required” expense like a car payment.
Yes, you will have less money to spend on stuff you want now, but it will help one in the future when you transition into the non working environment.
True. You have to have a job that pays the bills first . I struggled for years to find a decent job.
Once I did, I actually got a bit addicted to trying to get the investments as high as I can reasonably.
The bigger the company, the more layoffs. They are constantly making adjustments. Consider yourself lucky if you last 10 years. 😳
My family works at the plant your speaking of. They are getting rid of the Stamping Plant building and moving it to a different GM plant. The layoff is in January. The current vehicle they build is the Cadillac ct4.
If electric vehicles end up falling through it's said that the plant could be closing entirely in the next couple years.
Is your family feeling confident about keeping their jobs or are some starting to look elsewhere?
@realchris My family member who works there has been there for almost 40 years. So he is already old enough and has the time to retire so it wouldn't affect him. But he doesn't want them to close it down because it is still a change.
A lot of times whenever they close plants. They will do plant transfers and pay workers to move to another city or state to work at a different plant and it's typically goes by seniority. So that's what he would do if that became a option.
I was at his house a week ago and he was telling me about this layoff. But I will try and get more information about it from him.
I would imagine they will offer buyouts to some people.
@realchris here's a most up to date explanation by my family member. Also I was wrong. They make the Ct4, not the ct5.
"November the Malibu will end and layoffs will start, January CT4 will stop production and will go on layoff along and stamping will be put on layoff.
1st shift and stamping will come back as of right now July 2025 for the electric Bolt and CT4 2nd shift won't come back till 2026 all temp employees will no longer be employed when layoffs start
They removed machines at Fairfax stamping a couple days ago and moved them to Arlington plant so they will only stamp whatever is at Fairfax till January"
@realchris So Temporary employees are most definitely being let go and not hired back. But full-time members should be safe for the next 2 years at least with periodic stoppages. (We still get a paycheck when we are laid off) "Thankful for being Union"
But if we do officially go into a recession with a large drop in GDP. I could see this plant in Kansas being one that permanently closes possibly in the next 4 years. The CT4 doesn't sell well enough, it has very little commercial usage. The Malibu is already confirmed not being revived. That just leaves them with an Electric Chevy Volt and the Luxury compact CT4.
The CT4 only sells between 1,000-2000 vehicles a year. And it's possibly being phased out in 2026.
The Chevy Volt would be the thing keeping the plant open. But if electric vehicle don't do good, or chevy can't take market share. That too will contribute to plant closure.
For comparison. The plant I work at Produces 1200 vehicles A DAY.
Good all around advice Chris! Do what you can to have skills others don’t have so that you are more valuable to employers and invest in bonds or index funds.
Sorry to hear of your situation. Hope things work out.
I apreciate your work. You will find another job that meets your expertise and pay more, soon. 🙌🏻
He wasn't fired its click bait he didn't work for gm
Volkswagen and Mercedes are having difficulties as well according to the news sources in my country.
When one bubble pops, another bubble begins. I think that greed is overthinking the market. Do not overthink the market. Grow your investment slowly, always stay in the market whether you gain or loss, stay diversified and get a job.
I will never understand why cars are so expensive. They want all of this money for over-priced consumer product that depreciates as soon as the ink dries.
Insane amount of "extras" all dependent on electronics that you can't rely on. Cars are Christmas trees with so many ornaments that are not needed, especially if you only use it to commute less than 15 miles.
Labor only makes up 3 to 5 % of the entire cost of a car in America. But is used as the excuse to keep prices high and wages low.
I trust your opinion and judgement! Your a wise young man with a lovely wife, and I appreciate the fact that your a honest man with moral standards, and values! Seems people like you are in the minority these days unfortunately. The last couple of years I have been observing geopolitical movements to understand better what is going on worldwide rather than just locally to my geographic location.
I also get overwhelmed by the world events that are so very disturbing to people who cherish the idea of a peaceful existence in the world than that of a dystopian hellscape. Thanks for all your great insightful well balanced opinions and observations. I pray your channel goes far because your an honest broker in a world of scammers! Smiles to you and your wife you're great people!
GM EVs are not selling. It is not the economy. GM is selling EVs that people don't want
Me too! They said I left the toilet set up in the CEO’s office well maybe I did I also pooped 💩 in his toilet 🚽 left a big one floating like a dead ☠️ rat 🐀
Intel turned over control of two existing fabs for private equity cash. It occurred to my why a firm like Intel would need cash with so many strings
Private Equity is not a good sign.
Intel has some very serious problems rn. A techie channel says that the chips they are sending out now aren't even reliable.
@@SamClemens-id3cl Oxidation problems causing premature failure of flagship devices. Worse, the failures are not limited to a single generation
Private sector sucks RN, even here in Europe. Glad i work for the government.
Too much pessimism! Cheer up! Women are about to save USA democracy!
Whether you're being sarcastic or factual, this Teamster hopes so. 🍻
Yes they are by voting for Trump
@@Wadiyatalkinabeet_ the orange turd and his ignoramus hangers-on are going to lose in a landslide, then they will whine and complain that it was 'stolen' lol
I don't see neither a woman nor a man saving US democracy in the next 4 years
@@Wadiyatalkinabeet_ 34 felonies, E Jean Carroll, abortion bans, Trump University, multiple bankrupt casinos, Stormy while Melania was home with their infant son, and Mark Robinson.
Get help.
Thank you.
I lost my it job in May, 1 year after they bought my employer out. No job yet. I buy the older phones. I am looking at a refurb in the next year.
Sorry to hear this! Just keep at it. Practice your interview skills and keep trying. Let your friends know you are looking. I have gotten jobs through friends because employers like getting referrals from people they know. Good Luck!
@@larryo6874 thank you. i think i have one more job left in me, maybe 2. I thought i had a couple but they both didn't get back to me. I have a 3rd i applied for on friday. These are good potentials, in addition to all the applications i have been sending out. I am in good shape. Thanks for the support Larry.
Disappointing there was no place to get down to the water to go fishing. Where is that place.
Start Investing!
The EV transition will cause massive disruption in the old guard with its painful restructure needed to compete down that road.
Tell my Arcadium lithium shares that!
It will be way slower than some people think
Loving the Common Sense Chats 😁
gm over priced under quality product
Everyone is not losing thier job. But inflation is not going down. It is just going up at a lower rate but a higher base. So actual inflation is compounding and workers will never gain purchasing power.
I suppose you meant inflation is going down but Prices are going up at a slower rate.
Inflation going higher probably. Their numbers lie.
@@onekibottom line Inflation is still rising. inflation is still above 2% which is 50% of the Feds mandate. Yet that target has not been met for a long time.
They are picking and choosing data to exploit the market participants and possibly sway an election... the market is no longer a market. It is the strongest nearly lethal weapon the Military complex now controls to defeat Putin and Xi... The Corruption is deep and the Fraud horrifying.
@@Joe-ti7qd As of August 2024, the inflation rate in the United States was 2.5%.
Still 25% over the mandate and was over 8 or 9 percent at one point. The prices are not going down and accumulate higher even if inflation drops to 1% that 1% is added to the price of products/services.
that you walk and talk and think at the same time and I mean while recording...is a wonder to me...I seriously could not do that .when listening and not watching it sounds like you are sitting in a studio. I cant even edit videos
Boeing laying off 17,000. Ouch.
Unfortunately it's really ugly out there.
The US auto industry is in a decline, EV offer low cost vehicle. Better bang for your bucks.
People can't afford a $60k-80k vehicle anymore.
Get out from Auto industry ASAP.
Fed cut rate to pump the market? Or something is broken ? Fed never cut rate when all is well…..
The Fed sees signs the economy is slowing down so they cut interest rates to encourage buying.
G A M E O V E R
💙
Sorry about your job loss. I hope you find a new job, Chris.
@@jiri3312 hahahahahahaha
Hahaha now it all makes sense why all the anti Elon redirect....lol I knew you were but hurt because of the success of Tesla...on you knees and beg for some position at Tesla or maybe start being more truthful in your vids and gain true followers
retool ....with robots and AI
Countries that introduces EV are just dumb. All the EV infrastructures charging paid by who?? The tax payer's paid for it and build charging point free for those silly EV drivers. Wonder how many millions were use to build these trash
@vmr6771 sure need subsidiaries, expensive cars, wait till all cars are ev ,you will not get any subsidiary, then you know governments will be laughing, making more money. EV will die down , no economy wise to own one
@bartvanderheijden7055 too much money to spend , countries can use that money to better use, then to fix something that are not broken. EV batteries cost a lot to replace, wasting time on charging , a really troublesome machine, that was invented by a con man
@bartvanderheijden7055 governments will always use country's money to build free infrastructures, it is not coming out from their own pocket, sure they want to show the world ,they support climate change project, but climate change and global warming are scams too.
In the U.S. oil companies get Billions each year in sudsidies, not to mention most of the oil comes from public land.
honestly... why dont you try applying to TESLA
Invest in Tesla 😊
So, you weren’t fired?
You're new here huh😮
GM think u r a spy for the ccp.😢
You can't keep a good man down.
If they are Union Workers, they could be replaced with 170 non union workers.
Another instance of title not matching content. Am I right that you did not lose your job?
No one thought he worked for GM.
@@d.l.d.l.8140 right, even before clicking on this i already figured it's supposed to be in quotation marks
Chris doesn’t work for GM. It’s just something RUclipsrs do to get clicks.
This guy can't keep a job.
You’re delusional. The markets are at an all time high. What more do you want?
Dedollarization will bring 10,000 percent inflation to America.
@2:23 I knew Qualcomm and Intel were/are working together on new SoC AI but didn't read a merger in that?
Passive income - the root of increasing inequality. Someone is doing the actual work from whom you take a slice and they may be earning 20 bucks an hour. They should be holding all the shares - you know, the wealth creators and not some rando dude sitting on his arse doing nothing
Greed is the problem, the big three asset managers (BlackRock, vanguard, state street) have way to much power and control too much of the economy.
If workers had all the shares that would be communism and that has never worked well