George, one of the biggest stupid taxes I ever paid was falling for the debt settlement scam known as National Debt Relief company. It trashed my credit and they left me with giant loan to settle the remainder of my debts. Because of that my credit history looks like I filed bankruptcy. And even though I have been debt free for three years, those negative dings are still generating a credit score. Things from that time will begin falling off in 2024. My goal is no credit score or indeterminable.
I was stuck in the car payment/credit card balance revolving door for over 10 years. I recently came into some money, paid off the credit cards, paid off my current car and now that thing is staying with me till the wheels fall off. It is so liberating not having any consumer debt. It's bizzare because I keep thinking I'm forgetting to pay something every month because I have so much more money left over. Definitely keeping it this way!
I didn’t understand why everyone said the Roth IRA was so awesome because mine didn’t grow at all for 10 years. Later when I bothered to READ my statement, it said it was 100% in CASH RESERVES. You have to invest your investments, not just put it in the account. 🤦🏼♀️
Money mistakes I've had a front row seat to because my family members made them: Putting the downpayment for an expensive boat on a credit card, putting an expensive plastic surgery on a credit card to earn mileage points, leasing a Mercedes (they soak you), buying a timeshare in Mexico, taking a loan out on a 401k to pay off debt, buying an expensive house before you sold your old house and not putting it contingent because you were so afraid that someone else would snatch it up when you really can't afford it anyway.... I could go on all day long. My family puts the Fun in DisFUNctional.
I cashed in my 401k so I could get a business started with my bestie. She advised me to do it because she did. A year later she filed for bankruptcy and left me hanging.
May 2017-November 2020. my biggest mistakes were. 1. Thinking I was rich even though I was middle class (for the first time.) 2. Not putting more towards my down payment and or mortgage. 3. Not tracking were my money was going and not sticking to a financial plan and budget. 4. Not learning about retirement accounts and index/mutual funds. Thought it was too complicated to learn so I never looked into it. Turns out it is easy to learn. 5. Not learning about mortgages and interest rates. 6. Not investing 15% earlier. 7. Staying in my job for too long and pigeon holing myself.
When I got my first ATM card, it was a new item and back in the day transactions took about 3-5 days to process, which I didn't really undertand. So, several overdraft fees later, I realized that just because the ATM receipt shows a balance of positive cash, doesn't mean I actually have money, transactions were still processing, ouch!
I have an annual budget as well. It works better for us. We do it this way after tracking every dollar for years. It’s such a habit that now my husband and I don’t have to track every dollar anymore. We have set habits.
Actually the dog ramp is a good investment because it's better than the cost of CCL surgery on your dog. So don't have regrets there. Thanks for all of the great advice
The girl talking about the high interest savings account is literally me. I didn't know that existed, I thought a savings account was literally just a separate place to keep your money so it's harder to spend and split off from the rest
We’ve been making annual budgets for a couple of years and it’s been awesome! We think ahead what we plan to do for traveling and home renovations and how we plan to pay for it. That’s on top of our monthly budget
I retired to Brazil and my most important Financial Lesson is to only use the local currency if you can. I used my cc in North Eastern Brazil and found out that someone had used the number (probably at a gas station) for a $100 withdrawal in an ATM in Rio. (1,625 miles south). PayPal immediately refunded the money, but it was incredibly hard to replace the card in a foreign country.😎 Your CC will give someone access to all the funds in that account. Local currency will only give them what you are carrying.
Love these financial horror stories. Learning from others mistakes is something I can appreciate. I’ve absolutely made mistakes and have grown. I’m a big believer in mental health and taking care of yourself. I just wish this video wasn’t sponsored by a company I can’t stand behind. A company that isn’t HIPPA compliant and that is part of a class action lawsuit for sharing peoples personal information isn’t one I can’t stand behind.
Right out of college i decided to try to get rich quick, long story short: Put $40,000 in a single stock, of course I lost it all, plus I still had $30,000 of student debt. I’m happy to say I’ve never done anything stupid since. Debt free and on my way to being a multimillionaire
Did the same thing in 1981 bro. Bought silver on margin and learned what a "margin call" was. Ouch. Slightly lower amounts (adj. for inflation), but my nest egg for moving across the country was gone. Yes, and the best investing lesson I ever learned.
I know this is late, but here is mine, I went to a private college. borrowing all 4 years, while living on campus. Came out with 60 K of principal debt. I have no ideal what the interest was on top but it was not little. I had to live with a 700+ monthly private payment and 200+ monthly public payment, and because that not pain enough I also had a 200+ car loan debt on top. and my rent just a messily 900 (nothing included). thank god I came out of college and got a 50 k job and I was allowed to work overtime, about 20+ HRs a month, otherwise I would not have survived. unfortunately, after about 7 years, my mom passed away and I had to use my inheritance, to dig my way out of private debt, which at that time was only about 60k, and I already paid about 100k. I lost so much money, but I had no clue what I was setting my self up for, and if I did I would not have done it, and found a different way. I had to sacrifice my 20s and an inheritance to even live conferrable in my 30s, I am lucky !!
My horror story was needing a mini van because we had our 5th child. I had put all of our money to paying our house off. I saved nothing for a vehicle and ended up being talked into a lease. Stupidest thing ever!! I learned my lesson.
Got a store card to get a discount on a bathing suit before leaving the country for 4 months during college. My parents got all my mail, but a bill never came. I forgot about it. A couple of years later, I received a collections call. I had to make several attempts to get someone from the original company to talk to me. They finally did when they realized THEY had messed up by never sending a bill or late notice. (I had to mention the possibility of a lawsuit.) They got me out of collections and I just paid the original bill. (I probably could have gotten out of even that, but I figured I intended to pay them and I did end up with the suit after all.) Lesson: Never use a store card (or at least don’t leave the store without immediately paying it off).
@Rachel-Fosters - I was offered a store card once to save 10% on a shirt. I knew the INTEREST RATE on that card was going to be way more than that 10% savings. No thanks. I get offers to apply for store cards while at the register and I am usually older than the person ringing up my item. I almost want to say, "I fell into the credit card trap before you were born." I have been done with credit cards for a good 15 years now. Unfortunately, having no credit for a while made it impossible to get even a small personal loan at my credit union. I know, I'm not supposed to be borrowing money, but my emergency fund was depleted, and I needed funds for a car repair. Had no choice but to wait and save.
"not a fan of a savings account tied to a credit card company." Credit cards and banks are a monolithic industry. If you have an interest accruing bank account, you are participating in a credit reward system. Both credit card rewards and interest payments are profit gains for participating in the credit system. If you thumb down rewards but thumb up interest, you're essentially hiring a thief to steal your neighbor's chickens for you so you can proudly proclaim you're not a crook. It's all profit from lending practice- one is not different from the other.
Red balloons, no thanks 😂😂 I watched the original IT when I was a kid and it scared me for a loooong time. Was afraid to take a shower, had my eye on the drain the whole time. Worst part is that it was back in the VHS days and "IT" was a two tape movie. Watched at friends house and only had time for the first tape, never saw the rest of it.
You can plan for the year, at least get a head start. Take into account your holiday pay if you get it, and also the two extra paychecks you get every year (June and December, give or take).
My borther in law decided to buy a roundtrip plane ticket first for a 3 weeks vacation (4weeks prior his departure) before saving for his pocket money for his trip.he ended up cancelling his ticket which cost him $200 for concellation fee coz he didnt made enough from doing doordash for his trip expenses. He doesnt wanna listen to our advice and we are done telling him what to do.and he is 31yo.😅
My biggest money mistake in my late teen and early 20's Chasing ladies and going after my dream lady. Searching for love Waste of money and time Vacation trips, car rentals, shopping , traveling all over America, expensive hotels for ladies And rebuilding a car All time and money wasted Any guys reading this in thier 20's Don't chase women, let them chase u Work on yourself, build wealth. It's all party and fun at first but who's gonna have your back when it's all done. Last, always carry protection. Don't be like nick cannon with 13 kids
My biggest financial mistake this year, quit my job to work freelance fulltime (which is great, since I saved 6 months expenses) BUT I was getting married 4 months later…so that was a choice. 10/10 do not recommend. Def spent the entire savings cash flowing my wedding. 😂
We’re already seeing savings dwindle this year because of higher prices and the rising costs of paying back debt. We are looking at turning to emergency funds. The festive season is here what moves can an investor make to rack up gains even in bear market?
Government stimulus payments and curbed spending allowed Americans to save more money than they typically do. Annual household income surged in the past 4 years post pandemic, don’t expect it to continue.
Yup excess savings families gathered during the pandemic appears to have run out among middle-income and low-income households. Holidays are coming, which usually means heavy spending for households. I could use a lottery win or a sudden pump from one of my holdings. My trading skills are inadequate.
I’m in a private client group under a certain Loren Lena a market strategist and Wall Street vet. In a note sent to the group she said that U.S. stocks as represented by the S&P 500 have fallen too far, too fast, clearing a path for the market to rally into the end of the year, and beyond that what was sent out in a note to clients published on Friday that U.S. stocks as represented by the S&P 500 have fallen too far, too fast, clearing a path for the market to rally into the end of the year, and beyond.
Who is this Loren strategist you talk about? I and my spouse have been looking for something like this especially in this quarter to help us organize our finances going into next year.
I agree, the bearish sentiment gives way to a bullish indicator, you however must plan properly or consult with a professional who has lived through one recession at least and has a great track record in the past.
I let someone assume my VA home loan in 1986 when it was a thing to dump my condo I had with my then husband I was divorcing at 20 years old. Turns out they were scammers and I was foreclosed on. Found out 5 years later when I was trying to get a Top Secret security clearance. Had to pay difference. Now a BSM.
11:30 she may be budgeting, but not calling it budgeting. She may put most things on autopay, make sure she will always have enough money in her account for food and miscellaneous expenses, plus a large buffer in case a paycheck comes after bills are due. She would also have to keep her savings and retirement in check. As long as she doesn't have any bad spending habits, it can work, and the yearly analysis makes sure this "budget" or what she would probably call, "just the way she does things" is practical. I do my budget for the whole year at the end of the previous year. It's easier than it sounds because every bill hits the same day every month, every paycheck is the same day, and when big changes happen I adjust the budget, and have large enough savings to cover for surprises.
Thinking of changing job yo training trucking, did research on it b4 covid, but always thought, had to do a year of OTR, and pay was cent /mile(only)... now i see more cdl school, sponsor school, and higher you, and deduct cost over a year, at like 70% of the class.
I wish I knew what major the Banana Girl had in college. She seemed on track or got back on track for the rest, I am sure she could have worked out the major.😎 Favorite quote was always..." "There is no scarcity of opportunity to make a living at what you love; there's only scarcity of resolve to make it happen." -- Dr. Wayne Dyer
My biggest horror story is having credit card debt. Fortunately, I made that mistake when I was young. It's been paid off for years. My biggest problem with the 2nd tiktoker was that it seemed like she didn't know her interest rate on her savings and how to do math. If she knew both, she could have predicted early on what she was going to get paid in interest.
Oh man. I'm still kicking myself for not paying extra on my first mortgage. The monthly payment was only $500!!! Imagine how much more equity i would've had when i sold it if i had been paying double, even for just the 3 years i lived there! Now my mortgage is $1500 and it's much harder to put down a lot extra.
I’m upset that I had 401k in all my jobs since I was 16 and every time I changed jobs I took the payout and paid the fees and lost sooo much and THEN I didn’t even re-invest it!!!! Now my job I hopefully 🤞 will retire from, my 401k didn’t start till I was 35!!!! And I didn’t invest enough! I lost 15 years plus!!!
My biggest financial mistake was not buying a home when the prices dipped in 2008. I need to work really hard to recover from this mistake Btw I was born in 2004
There aren't any banks in my town who offer high interest savings accounts. I've looked. And the only high interest "savings" are CD's. I prefer to bank with local banks but does anyone have bank names that do offer the high interest savings? thanks.
@@lee14876 Thank you. so yeah, money market/CD's in my area rarely have 5.25% rates. I accidentally found out about a bank in my area doing it. (they must have been desperate for money to loan out?) Thank you for the info.
1238, question: we are about to sell our house next month and move and pay off debt with some of our profit, what fund should we put the rest in for a year to grow in order to build up , which will be our down payment for another house??
Look at High Yield savings accounts. Want to guarantee that you'll get back the principle (plus a bit of interest). Possibly Treasuries dated 9-12 months if you can hold til maturity. Too short of a time horizon to be investing in stock/bond markets
Yea my biggest regret was maxxing out credit cards and not budgeting when younger and also no 401k investing. I ended up divorcing but then didn't have to split any with him so maybe worked out? Luckily even though I made 3xwhat he did, no spousal support!!
I know I made alot of mistakes , I am not afraid to admit that... A few years back I was in a dark place and I took a Hardship amount of out my TSP. That money will take along time to replace. It was about 9 years of investments gone due to lask of knowledge.
I was more wigged out by that girl spreading what I can only imagine is peanut butter with a steak knife. Put the stabby stabby down and get you a case knife or a butter knife.
Subscribing to investment newsletters, trying to be smarter than the market, has left me with a steep tuition to the financial school of hard knocks. Never invested so much that it endangered my standard of living, but it stings. I still might read them from time to time, but anymore I am turned off by the axes they like to grind. Pulling an investor between greed and fear creates publications that like to simultaneously punp the dream of building generational wealth while mentally preparing for the collapse of civilization.
Stop it with the credit card hate already, they're only bad for people with no self control and if you get one with a good cash back/rewards program you can actually come out financially ahead by having and using one.
OH GOD, I got told “You don’t understand the blockchain!” by some dumbass I was explaining its issues to. I wish I remembered his name so I could toldyaso.
You actually need an expert trader assigned by a registered brokerage company to help you out. I currently trade with Mrs Joyes Hayes. She is the best when it comes to making high profits in the market!
Actually thought I was only trading with Mrs Joyes Hayes!. She currently manages all my funds too and She also provides webinars on how to trade perfectly without loss, but I haven't started trading on my own yet, still building up my portfolio with her help for now
Getting out of debt doesn't give you 100% return. It's one of the only things that I disagree with Dave Ramsey folk about. It may motivate you to get out of debt faster, but mathematically doesn't hold water.
I love the Ramsey Network but BetterHelp is a disgusting sponsorship, they promote a sinful trans/LGBT lifestyle and I don't think a company built on christian values should promote them
It’s finally happened: George got his hands on a green screen. We’re all screwed.
Dad jokes are about to be in a ubundince
Lol so true 😂😂😂😂
😂😂 at least we'll be greatly entertained
I think those were his real daughters. Also, doesn't everyone tricycle through their home?
George, one of the biggest stupid taxes I ever paid was falling for the debt settlement scam known as National Debt Relief company. It trashed my credit and they left me with giant loan to settle the remainder of my debts. Because of that my credit history looks like I filed bankruptcy. And even though I have been debt free for three years, those negative dings are still generating a credit score. Things from that time will begin falling off in 2024. My goal is no credit score or indeterminable.
I was stuck in the car payment/credit card balance revolving door for over 10 years. I recently came into some money, paid off the credit cards, paid off my current car and now that thing is staying with me till the wheels fall off. It is so liberating not having any consumer debt. It's bizzare because I keep thinking I'm forgetting to pay something every month because I have so much more money left over. Definitely keeping it this way!
I didn’t understand why everyone said the Roth IRA was so awesome because mine didn’t grow at all for 10 years. Later when I bothered to READ my statement, it said it was 100% in CASH RESERVES. You have to invest your investments, not just put it in the account. 🤦🏼♀️
Omg. I'm so sad for you 😢
😂
That hurts
Money mistakes I've had a front row seat to because my family members made them: Putting the downpayment for an expensive boat on a credit card, putting an expensive plastic surgery on a credit card to earn mileage points, leasing a Mercedes (they soak you), buying a timeshare in Mexico, taking a loan out on a 401k to pay off debt, buying an expensive house before you sold your old house and not putting it contingent because you were so afraid that someone else would snatch it up when you really can't afford it anyway.... I could go on all day long. My family puts the Fun in DisFUNctional.
I cashed in my 401k so I could get a business started with my bestie. She advised me to do it because she did. A year later she filed for bankruptcy and left me hanging.
Wow
May 2017-November 2020. my biggest mistakes were. 1. Thinking I was rich even though I was middle class (for the first time.) 2. Not putting more towards my down payment and or mortgage. 3. Not tracking were my money was going and not sticking to a financial plan and budget. 4. Not learning about retirement accounts and index/mutual funds. Thought it was too complicated to learn so I never looked into it. Turns out it is easy to learn. 5. Not learning about mortgages and interest rates. 6. Not investing 15% earlier. 7. Staying in my job for too long and pigeon holing myself.
This is seriously my favorite financial channel 😂😂😂😂
Ex bf’s sister talked me into joining an MLM. Never made one cent from it, spent $800 on “membership fees.” I was 18 🤦🏽♀️
Shame on them for taking advantage of a teenager 😢
I applaud that girl for that dumb money mistake with the electrical bill. It’s hard to admit you had a stupid moment.
When I got my first ATM card, it was a new item and back in the day transactions took about 3-5 days to process, which I didn't really undertand. So, several overdraft fees later, I realized that just because the ATM receipt shows a balance of positive cash, doesn't mean I actually have money, transactions were still processing, ouch!
I have an annual budget as well. It works better for us. We do it this way after tracking every dollar for years. It’s such a habit that now my husband and I don’t have to track every dollar anymore. We have set habits.
Thank You. Better Help for supporting George !!!! and his team !!!
That first woman was extremely lucky it could have ended badly.
Actually the dog ramp is a good investment because it's better than the cost of CCL surgery on your dog. So don't have regrets there. Thanks for all of the great advice
The girl talking about the high interest savings account is literally me. I didn't know that existed, I thought a savings account was literally just a separate place to keep your money so it's harder to spend and split off from the rest
We’ve been making annual budgets for a couple of years and it’s been awesome! We think ahead what we plan to do for traveling and home renovations and how we plan to pay for it. That’s on top of our monthly budget
Love, Love, Love !!!! Love the new & improved intro and vid clips !!! Go George !!!!!
“Sad, funny, helpful, and hummus” 😂
I retired to Brazil and my most important Financial Lesson is to only use the local currency if you can. I used my cc in North Eastern Brazil and found out that someone had used the number (probably at a gas station) for a $100 withdrawal in an ATM in Rio. (1,625 miles south). PayPal immediately refunded the money, but it was incredibly hard to replace the card in a foreign country.😎 Your CC will give someone access to all the funds in that account. Local currency will only give them what you are carrying.
LOVED THE INTRO ❤❤❤❤ ❤🎉🎉🎉🎉🎉🎉🎉
Love these financial horror stories. Learning from others mistakes is something I can appreciate. I’ve absolutely made mistakes and have grown. I’m a big believer in mental health and taking care of yourself. I just wish this video wasn’t sponsored by a company I can’t stand behind. A company that isn’t HIPPA compliant and that is part of a class action lawsuit for sharing peoples personal information isn’t one I can’t stand behind.
So, buying the pet ramp for the French bulldog was a money mistake, but buying a purebred dog wasn't?
The song that starts at 1:58 is “Por Mi Mexico” remix by Lefty SM(R.I.P.) it played for a while and not sure if your channel will get dinged bc of it
Right out of college i decided to try to get rich quick, long story short: Put $40,000 in a single stock, of course I lost it all, plus I still had $30,000 of student debt.
I’m happy to say I’ve never done anything stupid since. Debt free and on my way to being a multimillionaire
Amc?
Did the same thing in 1981 bro.
Bought silver on margin and learned what a "margin call" was. Ouch.
Slightly lower amounts (adj. for inflation), but my nest egg for moving across the country was gone.
Yes, and the best investing lesson I ever learned.
Am glad you did not give up in life. Most people could not do it losing that much money.
Congratulations on the baby George!
In Germany you usually have to pull your card out and only then it will give you money. That way you can't really leave it in there.
I know this is late, but here is mine, I went to a private college. borrowing all 4 years, while living on campus. Came out with 60 K of principal debt. I have no ideal what the interest was on top but it was not little. I had to live with a 700+ monthly private payment and 200+ monthly public payment, and because that not pain enough I also had a 200+ car loan debt on top. and my rent just a messily 900 (nothing included). thank god I came out of college and got a 50 k job and I was allowed to work overtime, about 20+ HRs a month, otherwise I would not have survived. unfortunately, after about 7 years, my mom passed away and I had to use my inheritance, to dig my way out of private debt, which at that time was only about 60k, and I already paid about 100k. I lost so much money, but I had no clue what I was setting my self up for, and if I did I would not have done it, and found a different way. I had to sacrifice my 20s and an inheritance to even live conferrable in my 30s, I am lucky !!
My horror story was needing a mini van because we had our 5th child. I had put all of our money to paying our house off. I saved nothing for a vehicle and ended up being talked into a lease. Stupidest thing ever!! I learned my lesson.
congratulations on baby Kamel!
Got a store card to get a discount on a bathing suit before leaving the country for 4 months during college. My parents got all my mail, but a bill never came. I forgot about it. A couple of years later, I received a collections call. I had to make several attempts to get someone from the original company to talk to me. They finally did when they realized THEY had messed up by never sending a bill or late notice. (I had to mention the possibility of a lawsuit.) They got me out of collections and I just paid the original bill. (I probably could have gotten out of even that, but I figured I intended to pay them and I did end up with the suit after all.) Lesson: Never use a store card (or at least don’t leave the store without immediately paying it off).
@Rachel-Fosters - I was offered a store card once to save 10% on a shirt. I knew the INTEREST RATE on that card was going to be way more than that 10% savings. No thanks. I get offers to apply for store cards while at the register and I am usually older than the person ringing up my item. I almost want to say, "I fell into the credit card trap before you were born." I have been done with credit cards for a good 15 years now. Unfortunately, having no credit for a while made it impossible to get even a small personal loan at my credit union. I know, I'm not supposed to be borrowing money, but my emergency fund was depleted, and I needed funds for a car repair. Had no choice but to wait and save.
"not a fan of a savings account tied to a credit card company." Credit cards and banks are a monolithic industry. If you have an interest accruing bank account, you are participating in a credit reward system. Both credit card rewards and interest payments are profit gains for participating in the credit system. If you thumb down rewards but thumb up interest, you're essentially hiring a thief to steal your neighbor's chickens for you so you can proudly proclaim you're not a crook. It's all profit from lending practice- one is not different from the other.
George is a legend ❤
Red balloons, no thanks 😂😂 I watched the original IT when I was a kid and it scared me for a loooong time. Was afraid to take a shower, had my eye on the drain the whole time. Worst part is that it was back in the VHS days and "IT" was a two tape movie. Watched at friends house and only had time for the first tape, never saw the rest of it.
With a baby how tf does George look so rested?
She was fresh then
RUclips algorithms on point giving me a FanDual ad on a “financial horrors” video
Brilliant 👏 thank you, love stories
You can plan for the year, at least get a head start. Take into account your holiday pay if you get it, and also the two extra paychecks you get every year (June and December, give or take).
She is lucky she wasn't robbed and murdered by the taxi driver.
When living with roommates
Never have your name on any bill or lease.
This way u can walk away
My borther in law decided to buy a roundtrip plane ticket first for a 3 weeks vacation (4weeks prior his departure) before saving for his pocket money for his trip.he ended up cancelling his ticket which cost him $200 for concellation fee coz he didnt made enough from doing doordash for his trip expenses. He doesnt wanna listen to our advice and we are done telling him what to do.and he is 31yo.😅
My biggest money mistake in my late teen and early 20's
Chasing ladies and going after my dream lady. Searching for love
Waste of money and time
Vacation trips, car rentals, shopping , traveling all over America, expensive hotels for ladies
And rebuilding a car
All time and money wasted
Any guys reading this in thier 20's
Don't chase women, let them chase u
Work on yourself, build wealth.
It's all party and fun at first but who's gonna have your back when it's all done.
Last, always carry protection. Don't be like nick cannon with 13 kids
My biggest financial mistake this year, quit my job to work freelance fulltime (which is great, since I saved 6 months expenses) BUT I was getting married 4 months later…so that was a choice. 10/10 do not recommend. Def spent the entire savings cash flowing my wedding. 😂
8:46 is that Bukola?? I love her!!
13:00 shout-out to hummus!!! 😂
We’re already seeing savings dwindle this year because of higher prices and the rising costs of paying back debt. We are looking at turning to emergency funds. The festive season is here what moves can an investor make to rack up gains even in bear market?
Government stimulus payments and curbed spending allowed Americans to save more money than they typically do. Annual household income surged in the past 4 years post pandemic, don’t expect it to continue.
Yup excess savings families gathered during the pandemic appears to have run out among middle-income and low-income households. Holidays are coming, which usually means heavy spending for households. I could use a lottery win or a sudden pump from one of my holdings. My trading skills are inadequate.
I’m in a private client group under a certain Loren Lena a market strategist and Wall Street vet. In a note sent to the group she said that U.S. stocks as represented by the S&P 500 have fallen too far, too fast, clearing a path for the market to rally into the end of the year, and beyond that what was sent out in a note to clients published on Friday that U.S. stocks as represented by the S&P 500 have fallen too far, too fast, clearing a path for the market to rally into the end of the year, and beyond.
Who is this Loren strategist you talk about? I and my spouse have been looking for something like this especially in this quarter to help us organize our finances going into next year.
I agree, the bearish sentiment gives way to a bullish indicator, you however must plan properly or consult with a professional who has lived through one recession at least and has a great track record in the past.
She was my art teacher and is a fantastic human being!
Yinz do bits now!?
I'm here for it.
I let someone assume my VA home loan in 1986 when it was a thing to dump my condo I had with my then husband I was divorcing at 20 years old. Turns out they were scammers and I was foreclosed on. Found out 5 years later when I was trying to get a Top Secret security clearance. Had to pay difference. Now a BSM.
She could not make payments, b/c just out of arny, no job lined up. So my house was foreclosed, now I, have 32k to repay to VA.
@@richardle7469 They will allow a payment plan. Use the baby steps.
11:30 she may be budgeting, but not calling it budgeting.
She may put most things on autopay, make sure she will always have enough money in her account for food and miscellaneous expenses, plus a large buffer in case a paycheck comes after bills are due. She would also have to keep her savings and retirement in check.
As long as she doesn't have any bad spending habits, it can work, and the yearly analysis makes sure this "budget" or what she would probably call, "just the way she does things" is practical.
I do my budget for the whole year at the end of the previous year. It's easier than it sounds because every bill hits the same day every month, every paycheck is the same day, and when big changes happen I adjust the budget, and have large enough savings to cover for surprises.
Love the music on the background for the first lady, I was not able to listen to her because I was singing. 😂
Buying a Ramp for your furry friend is not a financial mistake. Small dogs should not be jumping up & down furniture. Not good for their backs :)
Thinking of changing job yo training trucking, did research on it b4 covid, but always thought, had to do a year of OTR, and pay was cent /mile(only)... now i see more cdl school, sponsor school, and higher you, and deduct cost over a year, at like 70% of the class.
I wish I knew what major the Banana Girl had in college. She seemed on track or got back on track for the rest, I am sure she could have worked out the major.😎 Favorite quote was always..."
"There is no scarcity of opportunity to make a living at what you love; there's only scarcity of resolve to make it happen." -- Dr. Wayne Dyer
Where is the link to higher yield savings accounts?
I blame the parents. at 56 I've NEVER been drunk...and there is a reason! LOL
My biggest horror story is having credit card debt. Fortunately, I made that mistake when I was young. It's been paid off for years.
My biggest problem with the 2nd tiktoker was that it seemed like she didn't know her interest rate on her savings and how to do math. If she knew both, she could have predicted early on what she was going to get paid in interest.
Oh man. I'm still kicking myself for not paying extra on my first mortgage. The monthly payment was only $500!!! Imagine how much more equity i would've had when i sold it if i had been paying double, even for just the 3 years i lived there! Now my mortgage is $1500 and it's much harder to put down a lot extra.
I’m upset that I had 401k in all my jobs since I was 16 and every time I changed jobs I took the payout and paid the fees and lost sooo much and THEN I didn’t even re-invest it!!!! Now my job I hopefully 🤞 will retire from, my 401k didn’t start till I was 35!!!! And I didn’t invest enough! I lost 15 years plus!!!
Fun Halloween ish video
Actor of the year: George Kamel!
What do you have against paper?
Yea, same here too.. i started hearing HYSA, so got set up with 4.6%apy, .. couple weeks later, found 5.% and 5.25%apy . Lol
I’ve left my card in a Mexican ATM. I was fine, got a new card. I had enough money. It can happen.
GK you doing amazing
GBU
That intro 😂😂😂
My biggest financial mistake was not buying a home when the prices dipped in 2008. I need to work really hard to recover from this mistake
Btw I was born in 2004
George met sallie and mae
There aren't any banks in my town who offer high interest savings accounts. I've looked. And the only high interest "savings" are CD's. I prefer to bank with local banks but does anyone have bank names that do offer the high interest savings? thanks.
Online. Vio Bank has been awesome. Saving in a money market account. 5.25%
@@lee14876 Thank you. so yeah, money market/CD's in my area rarely have 5.25% rates. I accidentally found out about a bank in my area doing it. (they must have been desperate for money to loan out?) Thank you for the info.
Local banks have to pay for the building and tellers inside. You aren't going to find the best return there. Think Amazon vs K-Mart.
Lots of online choices. I spent some time comparing "best" accounts before choosing mine and have been quite pleased.
@@dking1362 And there's nothing brick and mortar out there? This is crazy.
1238, question: we are about to sell our house next month and move and pay off debt with some of our profit, what fund should we put the rest in for a year to grow in order to build up , which will be our down payment for another house??
We are going to rent for a year
Look at High Yield savings accounts. Want to guarantee that you'll get back the principle (plus a bit of interest). Possibly Treasuries dated 9-12 months if you can hold til maturity.
Too short of a time horizon to be investing in stock/bond markets
"Not a fan of a savings account tied to a credit card company" ... um, most credit card companies are also banks, most large banks offer credit cards
I was talking about Apple savings accounts being exclusive to Apple credit card holders
@@GeorgeKamel But nobody mentioned Apple (nor you or the TikToc). The TikToc said Capital One
Yea my biggest regret was maxxing out credit cards and not budgeting when younger and also no 401k investing. I ended up divorcing but then didn't have to split any with him so maybe worked out? Luckily even though I made 3xwhat he did, no spousal support!!
I know I made alot of mistakes , I am not afraid to admit that... A few years back I was in a dark place and I took a Hardship amount of out my TSP. That money will take along time to replace. It was about 9 years of investments gone due to lask of knowledge.
Financing a $10,000 car 6 months before buying a house while still being in debt and not having an emergency fund 🤦🏻♀️
I was more wigged out by that girl spreading what I can only imagine is peanut butter with a steak knife. Put the stabby stabby down and get you a case knife or a butter knife.
Foghat Live!
I just wanted to say that officially I was going to be the 667 like but didn’t hit it for obvious reasons.
Subscribing to investment newsletters, trying to be smarter than the market, has left me with a steep tuition to the financial school of hard knocks. Never invested so much that it endangered my standard of living, but it stings. I still might read them from time to time, but anymore I am turned off by the axes they like to grind. Pulling an investor between greed and fear creates publications that like to simultaneously punp the dream of building generational wealth while mentally preparing for the collapse of civilization.
Wow. That was 👍
4:11 Did you just spit on your laptop?
Stop it with the credit card hate already, they're only bad for people with no self control and if you get one with a good cash back/rewards program you can actually come out financially ahead by having and using one.
🎃
OH GOD, I got told “You don’t understand the blockchain!” by some dumbass I was explaining its issues to. I wish I remembered his name so I could toldyaso.
😂 that’s creepy
hahahahaha so good
I have a capital one journey credit card sir 😢
I'm new to trading! How can I make more profitable investment in market without incurring much losses.?
You actually need an expert trader assigned by a registered brokerage company to help you out. I currently trade with Mrs Joyes Hayes. She is the best when it comes to making high profits in the market!
Actually thought I was only trading with Mrs Joyes Hayes!. She currently manages all my funds too and She also provides webinars on how to trade perfectly without loss, but I haven't started trading on my own yet, still building up my portfolio with her help for now
Getting out of debt doesn't give you 100% return. It's one of the only things that I disagree with Dave Ramsey folk about. It may motivate you to get out of debt faster, but mathematically doesn't hold water.
His plan includes steps to build wealth.Too bad you only read up to step 2
How much is your car payment?
I love the Ramsey Network but BetterHelp is a disgusting sponsorship, they promote a sinful trans/LGBT lifestyle and I don't think a company built on christian values should promote them
I mined and traded crypto during the peak times and sure I made banks but that was pure luck so you're 100 right
We now have to deal with Boomer's minions lecturing us on finances