I call it artificially poor... My family lives off less than my income alone allowing us to invest my wife's entire income and a good chunk of mine. Only able to do this with a cheap mortgage, no car payments and no other debt.
@@ninerknight5351 how is it a sacrifice when you don't even own that expensive car you're thinking of buying? This is the major mistake of people, thinking they are entitled to things they don't own because they can't think for themselves and only follow consumer trends.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My fiance (soon to be married) and I are both 23 years old. I am a lineman and she is a cosmetologist. We have been working on getting our debt paid off. Two days ago, I got back home from working in Houston restoring power from Hurricane Beryl. This morning, I paid off the lump sum of $14,345.89 consumer debt. It is such a great feeling. The only other debts we have are $28,000 student loans, and $11,000 car debt. We were blessed by her grandparents giving us a trailer on a few acres of land, so all we pay for is electricity and water. We are so excited to become debt free within the next year or two. May God bless you all
You state the same thing in different ways but the great part it it acts as a morale booster to live financial healthy life cutting the fluffy and the junk
We're debt free. We don't do a budget. Over all we're ok, but It feels like I live paycheck to paycheck because I direct deposit almost 50% of my check into savings. Trying to increase that amount as fast as I can.
I totally get what you’re saying. I’m debt free and dealt with this feeling. You should consider a line item for entertainment, whatever that looks like to you. Put some money aside for a weekend/day trip. You’ve worked incredibly hard to be debt free and be able to put over half your income into savings. You deserve to enjoy the fruits of your labor.
The Ramsey program works! Already knocked out the CC debt this year and by the end of the year I’ll have my car paid off! 🙌🏼🙌🏼🙌🏼 I can’t wait for that freedom!
It's tough going for a year or two for sure, but not having any credit card, overdraft or car payments really is so liberating and worth it! No more worry and stress about how to juggle payments, and even just a small $1-2K emergency savings fund that can handle most random disasters - life suddenly becomes massively less stressful. You sleep better and can start thinking about future plans, whatever they may be for you. Hang in there, 2025 will be awesome with that debt monkey off your back!
We lived paycheck to paycheck trying to cash flow my wife's Nurse Practitioner Degree... Was TOUGH we still had to take out about $20k in debt. She's getting her first big paycheck this next week. So thankful we pushed through. We'll be debt free in 2 months. Once debt free, we will live on my income and invest hers in a nice low expense ratio zero fee growth mutual fund.
Instead of a mutual fund, go with an index fund. Management expenses for mutual funds are generally 2%; index fund expenses are generally a fraction of 1%. Over a long period of time this makes a big difference.
@@DarrenHargrave-ww6fh Management expenses for actively managed mutual funds haven't been 2% since....forever. The typical expense ratio for a stock mutual fund is now typically .75% or less.
I don't have a $0 budget. The job income is deposited to savings(money market account). The monthly budget is money removed from my savings, so that it is kind of painful to access each month. Every bill is paid after removing money from my savings, so it is an incentive to reduce expenses. Your direct deposit does not have to go to a checking account, it can go to any savings account. To do that, just go to the bank when you get the direct deposit form and have them tell you the routing info to deposit to any banking account. Your payroll department does not care as long as the routing number and account is on that form. I have been depositing to savings since I started my real job in 1988.
I just paid off my biggest credit card, I'm basically debt free now! Thanks to watching this channel, I'll be sure not to make the same mistakes that got me into debt in the first place!
The U.S. economy could improve if the government made better decisions for its citizens. Hyperinflation has burdened the less fortunate and is eating into my $620k retirement portfolio. Where can we invest with less risk?
I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
The main problem is how expensive it is to live in the United States. Making $100k a year on paper is nothing nowadays for a family of 5. Maybe if you’re single with no living beings to take care of and you live in a studio apartment you can get to some sort of wealth. But it’s not possible for families at this income range
I cut up my credit cards before I could even finish the Credit Cards chapter in Breaking Free From Broke. 🙌🏾 those companies are a buncha crooks. Byeeee
ive spoken about financial freedom to a lot of my friend, but when it comes to making the sacrifices they need, they just shut down and stop listening lol
My weekly paychecks automatically go into a brokerage account which automatically buys some of my favorite CC ETFs leaving enough cash to transfer a budgeted spending amount once a month into my "spending account" . If I go over that spending budget, I have to manually sell some equities and transfer it to the spending account which hurts enough to keep me on budget. Once you get a good budget together you can automate all of this and go play.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That seems like a sensible approach. Over the past two years, I've been working closely with a financial market specialist, and I've successfully developed a diversified portfolio valued in the six figures through stock investments. Nevertheless, my goal for this year is to expand diversification even more.
Kathryn Denise Isernhagen is the licensed advisor I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Same here. When my paycheck comes in every week I pay the bills and put the rest into savings and then just keep enough in my bank account for some food and a little bit of a buffer.
Too many comments claiming they live paycheck to paycheck... After depositing 99% of their check into savings 🤦🏼♀️ its not paycheck to paycheck if you can afford a true emergency
@@nataliearciniega2103 I rememeber 30 years ago when I used to quote paint jobs. All the old folks apparently were broke and barely making it on a pension. Later on you discover they paid their house off in 1973 and had $400k in savings
@@bskinny9009well of course they’re gonna tell you that when you’re trying to charge them for a service lol. Fact is a lot of people do live paycheck to paycheck with no savings though, from surveys where they’re not trying to get money out of people so they have no reason to lie
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over $1.8million.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
We save a measly $20 a week for vacations/getaways. It's recently added up again to cashflow a 3 night stay at a private cabin in gatlinburg over labor day weekend with spending money/dog boarding. Cash flowing vacations means you can enjoy them, not having to keep on paying for it MONTHS after it's done.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
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 $850
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
*What sad about this even though your right is that working class people are not allowed to have fun because its about what we do with the money when we get paid. Rich people and especially people who are born rich get to have fun, go on multiple trips, buy nice cars ect. meanwhile everybody else got to play it safe and live more boring lives for the sake of having more money when we need it...honestly theyre are people that work 2 to 3 jobs and theyre live still suck I just think theyre is no win win, you either be born rich or dont be born at all...* 😂
VBB, value base budget model. Its where you take all your expenses, and assign a value of 1 to 4 to each expense, with 4 being most important, 1 being the least. Assign a value based on how necessary it is for your life. Then do it again for how much "happiness" or convenience you would lose if you cut back on it. 4: an absolute necessity to keep.... living. (Examples: Groceries, Rent/Mortgage, Utilities, Transportation). 3: Tough to cut if you stopped spending, while not necessary, its important to keep life going. (Examples: Life insurance, day care, mobile data) 2: If we cut it, it would only be an inconvenience, but easy to deal with (Examples: eating out, higher quality necessities, etc.) 1: We can just cut it and nothing would change (Examples: usually luxury goods, subscriptions, etc.). As for happiness on luxury products, it doesn't last more than a month for most people, so maybe it doesn't actually give you happiness. Then you average the two values, and rank the expenses. The lowest ones get cut first, highest ones get cut or reduced last. Examples: 1. Say you rent a solo apartment in a upscale area. So on the necessity column, you put 4. You need a place to live. But on the second column, you find that having such a big space all to yourself isn't really that important to you. It doesn't give you that much of happiness. So you put a 2. If you average both, it would be a 3. This would mean you can cut the rent expense and downsize as you find space isn't really important to you. 2. Say you buy a coffee every morning from star bucks (yes, I'm going to use the coffee analogy). Its a 1 on the necessity column, because you don't need it to survive, and especially not a luxury coffee. But you love Starbucks coffee and live for coffee, as its your saving grace on your dreary life. Drinking it every day makes you happy, and you don't do it just because you need the caffeine. You would rate that a 4 on the happiness scale. So on average, it becomes a 2.5. 3. Lets say you are paying a loan on a car, but the car is necessary as you have a long commute and driving saves 30 minutes over public transportation. So that's a 3, as it necessary to survive. But the car doesn't give you any special form of happiness as you aren't a car person. However, it is rather convenient, since its a hybrid and saves you a lot on gas for you long commutes, but if you had to change it for a cheaper car, you can. If that's the case, it would be a 2 on the happiness/convenience scale. So on the average, its a 2. 4. Cellphone plan. You need it for work, and without it, you would get fired, because you are always on call. Its a 4. Its convenient for you and is already the cheapest plan possible. It doesn't give happiness, but it is very convenient, because you tether it too, to cut on home internet bills. So we give it a 4. In the above examples, you would rank expenses by: Cellphone plan > Rent > Coffee > Car. So you would prioritize cutting cutting rent even before cutting cellphone, and cutting the car before even cutting coffee. This would actually go contrary to what most people will tell you on want to cut first. But that's the thing, value is important to a person, and this would allow you to know where your priorities lie and how to maximize the happiness and convenience in your life, while minimizing the costs as much as possible. Yeah, the method is purely subjective, but it does take into account the individual person. You don't always have to sacrifice happiness and convenience to cut costs, as maybe you will realize some things aren't giving you as much benefit as you think they are.
Im 36 and just hit $50k. Now i can contribute $3k a month but thats the only difference. You are crushing it my dude, really wish i started when i was younger. Develop your skills/career and contribute more when you can.
I like the dave ramsay plan. I am trying to pay off my car in at least half the time, but it seems that to be able to save in cash for every possible scenario especially a "new to me" car or hvac in cash, it requires a very large margin or can only best be done after the house is paid for. I have too many necessary expenses to save in thousands for highend stuff.
Just start small. Think of likely sudden expenses like new car tires or having to get a plumber in. Just $1K will cover most of those, and you can slowly build towards that with $50 a month or whatever you can afford. It's a marathon, not a sprint :) You might get those sort of expenses once a year. Big disasters like having to buy a whole new (used) car or hvac really only come along once a decade or so unless you are really unlucky - don't skimp on regular car maintenance though, a reliable motor properly serviced can last you 15 years or more, way cheaper in the long run than having to buy another every few years. Pay attention to what the local taxis are - you'll probably notice that most of them are all the same three or four models, and the taxi men are all using the same mechanics for servicing...
Any tips or tricks for the people not on a fixed income as restaurant servers how to budget if you don’t know how much you’re going to make in any given month
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am in my 50s no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
I've experimented with a few over the past years, but I've stuck with ‘Grace Adams Cook’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
The best way to make sure you always have money is to pay yourself first at least 10% of your net income from work. Invest that money in a good stock index fund and never touch that money no matter how tough it gets.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart.
I will never be dead free most of my money goes to Uber to get back-and-forth to work and there is a lien on my house due to a vehicle that I purchased for my ex-husband even though I left that to him to take care of in our divorce, he put it in a bankruptcy so now I am stuck with it, and I can’t afford the payments to pay it off so my only hope said it will not renew
Title of video: "Why 78% of Americans Are Broke" What I thought I was going to get: A statistical discussion about how they got to 78%, what it means to be 'broke', who the 78% demographic are in America, and what financial study or academic journal this information came from What I got: A lecture about how to save money coupled with distracting cutaways Ah, with a targeted demographic with such a need for constant dopamine hits like this, it's no wonder they got financial issues. Among other things
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
Yes you might say that but More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. .
Incredible. I believe in investing and working because I love luxury . when a buddy of mine recommended me to a financial advisor. We spoke about investments and money. I began investing with $120,000, and after two months, the value of my portfolio was $314,800. You think this is crazy, but I choose to reinvest my profit and become more intriguing. We have been working together for more than 10 years, consistently turning a profit. a year ago, opened my first restaurant and bought myself a brand new car last week.
@@MarcelinaMakowski That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Cynthia Alexandra Jackson is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
“Cynthia Alexandra Jackson” a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
50% of those living paycheck to paycheck can't get past step 2. Just the 4walls is unaffordable. Most everyone I know chose their home because it was the least expensive option they could find, have an average of 3 incomes per household and are still having to use credit to cover things like food or utilities etc. these tips aren't going to help us. It just makes us feel guilty for not being able to do it. My 4walls costs 90% of my household income and it's physically impossible for anyone to work more or spend time and energy on furthering education to get a higher paycheck.
@@sewerrat7612 you'd think that but do the math and it makes sense. In most cases one parent has 2 jobs, though one is usually gig work, and the other takes care of the kids and then does gig work whenever they can. Gig work often doesn't even pay minimum wage, but every other low skill job requires a "flexible schedule" aka part time work but you better be available for any and all shifts so you can't get a second job. The saddest part is how many of them have degrees and the debt that comes with, because they were promised that stupid piece of paper would garuntee a good future.
@aprildawnsunshine4326 get a skilled job that allows overtime it's ni fun but bread winner can do 70 hours or so once finances are ahead can back off a little and do schooling to progress. Housing still cost way more than it should. Speaking from experience as someone in an expensive state with single source of income wife's unable to work.
@@KITTER298: I have no objections with the prescribed method; my objections are to the recycled content. Like seriously, how many different ways can you recommend people live below their means, have no non-mortgage debt, and invest 15% of their income for retirement?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
Their ...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
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
Unfortunately $1000 is not enough for an emergency in my experience. My neighbor suddenly wanted a new fence and made all the surrounding neighbors pay $2500 upfront. It really sucked.
George, I turned 62 in May and I had applied for social security so that I could pile the extra money into our Roths while I’m still working. The government sent me a letter a couple of weeks ago telling me that they were taking 6 months worth of money out of my “ payments “, so I withdrew my application and will wait until age 66.
My plan too, but it only works if you’re really, really part time, right? I ran the math for 10 years if my husband and I both did that and that’s a healthy sum.
@@tvelicia Kimochkaks is making too much money from the job to be able to keep all of each monthly social security payment. In their case, Social Security's not just taking PART of each payment, they're taking several entire payments. There's a limit (until full retirement age, I believe) to how much you can make yearly when you're collecting Social Security. Kimochkaks was smart to decide against applying right now. Doesn't pay -- literally.
@@CarlaQuattlebaum - I sent a reply but I don't see it, so I'm trying again. Anyway, thank you for your comment. I will receive a pension when I retire and my agency does not pay into Social Security. I'm subject to the Windfall Elimination Provision and I thought by taking Social Security early, I would avoid the WEP until I started receiving the pension. But it looks like my payments would still be cut.
@@tveliciaI’m still working, so they were going to take everything for taxes! Funny thing is that I do bow rehairs at a violin shop here in the Midwest. I get paid per piece, and am already paying taxes on what I make. I had listened to one of these shows that recommended getting SS and put it in your Roth. I had more than one job until this February when we paid off our house, so now I am down to one job and my husband drives a truck. By January we’re going to have enough savings built up so that we can max out our Roths. I guess you really have to not work much to get SS.
That stat is 100% made up. 78% of people do not live paycheck to paycheck. That's a made up stat that people use for clicks. You'll notice he just says it, never cites a source or explains it at all. So dumb.
half of people who make more than 100k also live in NYC and LA.. 100k in those cities is barely livable wage. I turned down a 30k raise when I was asked to move to NYC. I looked up the difference in rent, and I was already down to a 10k raise. That's not to mention how expensive everything else is. It was better for me to stay in a small town.
I call it artificially poor... My family lives off less than my income alone allowing us to invest my wife's entire income and a good chunk of mine. Only able to do this with a cheap mortgage, no car payments and no other debt.
You’re making the sacrifices others typically won’t. You’ll also enjoy wealth others won’t. Love it
Get rid of the mortgage.
I've heard it called forced scarcity. ❤
Well done!
@@ninerknight5351 how is it a sacrifice when you don't even own that expensive car you're thinking of buying? This is the major mistake of people, thinking they are entitled to things they don't own because they can't think for themselves and only follow consumer trends.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Bro!! 😂😂😂 when you brought up the fountain drink and calling it a SUICIDE was def me lmao
You need a raise bc you’re so funny & enjoyable to listen to talking about money!! 😂❤
My fiance (soon to be married) and I are both 23 years old. I am a lineman and she is a cosmetologist. We have been working on getting our debt paid off. Two days ago, I got back home from working in Houston restoring power from Hurricane Beryl. This morning, I paid off the lump sum of $14,345.89 consumer debt. It is such a great feeling. The only other debts we have are $28,000 student loans, and $11,000 car debt. We were blessed by her grandparents giving us a trailer on a few acres of land, so all we pay for is electricity and water. We are so excited to become debt free within the next year or two. May God bless you all
Sounds good, keep it up!
Great job!! Mature beyond your peers. You will be so well off soon
Ohhh no no no, two to three years??? You can do it in a minute with that income!!! Such a blessing! 🤍
You state the same thing in different ways but the great part it it acts as a morale booster to live financial healthy life cutting the fluffy and the junk
Live below your means and save!!
Not save; invest.
What if the means are not worth it?
We're debt free. We don't do a budget. Over all we're ok, but It feels like I live paycheck to paycheck because I direct deposit almost 50% of my check into savings. Trying to increase that amount as fast as I can.
You have forced scarcity which is the way you want, but you should have money for enjoying life.
@@NormanOkada finding hobby’s and activities that are pretty much free to fulfill your life is quite remarkable and rewarding.
I totally get what you’re saying. I’m debt free and dealt with this feeling. You should consider a line item for entertainment, whatever that looks like to you. Put some money aside for a weekend/day trip. You’ve worked incredibly hard to be debt free and be able to put over half your income into savings. You deserve to enjoy the fruits of your labor.
It sounds like you're more of a Financial Order of Operations person than a Baby Steps person.
"Why 78% of the comments are bot spam"
Seriously, please someone do something about the bots 😂
Yessss! They’re getting so awful, like I can’t report them all
I know! They’re literally in every single finance related videos
I flag them and report them as spam. They are so ridiculous and badly written.
@@MB-uy5kh After reporting the first few I gave up lol
Bots are in every RUclips video period .... There's so many i can't report them all @@jesssc402
George, you have a great attitude and keep slappin’ everyone with facts! Love these videos! God bless you, Dave, and the rest of the Ramsey team! ❤
The Ramsey program works! Already knocked out the CC debt this year and by the end of the year I’ll have my car paid off! 🙌🏼🙌🏼🙌🏼 I can’t wait for that freedom!
It's tough going for a year or two for sure, but not having any credit card, overdraft or car payments really is so liberating and worth it! No more worry and stress about how to juggle payments, and even just a small $1-2K emergency savings fund that can handle most random disasters - life suddenly becomes massively less stressful. You sleep better and can start thinking about future plans, whatever they may be for you. Hang in there, 2025 will be awesome with that debt monkey off your back!
@@ciaranirvine Thanks for the encouraging words!
We lived paycheck to paycheck trying to cash flow my wife's Nurse Practitioner Degree...
Was TOUGH we still had to take out about $20k in debt.
She's getting her first big paycheck this next week.
So thankful we pushed through. We'll be debt free in 2 months.
Once debt free, we will live on my income and invest hers in a nice low expense ratio zero fee growth mutual fund.
Congratulations!!!. You and your wife are a good team, just the way should be. Good things will come to you once you are debt free.
Good luck into the future. NPs make a good income and she might say she no longer needs you. And takes off with the local doctor.
Instead of a mutual fund, go with an index fund. Management expenses for mutual funds are generally 2%; index fund expenses are generally a fraction of 1%. Over a long period of time this makes a big difference.
Do SPLG or SCHG
@@DarrenHargrave-ww6fh Management expenses for actively managed mutual funds haven't been 2% since....forever. The typical expense ratio for a stock mutual fund is now typically .75% or less.
Most people lack any self control!
I don't have a $0 budget. The job income is deposited to savings(money market account). The monthly budget is money removed from my savings, so that it is kind of painful to access each month. Every bill is paid after removing money from my savings, so it is an incentive to reduce expenses. Your direct deposit does not have to go to a checking account, it can go to any savings account. To do that, just go to the bank when you get the direct deposit form and have them tell you the routing info to deposit to any banking account. Your payroll department does not care as long as the routing number and account is on that form. I have been depositing to savings since I started my real job in 1988.
“Non-slip Pet Ramp” 😂😂😂😂😂😂
Killed me
I just paid off my biggest credit card, I'm basically debt free now! Thanks to watching this channel, I'll be sure not to make the same mistakes that got me into debt in the first place!
you go honey! well done!
I remember making that last debt payment a few years ago. Changes your whole outlook on life when you are debt free. Well done!
"but but but George .. .muh points muh points!!!!"
Spoken by people who lack self control lol
More like, my cash back. Yep, that is me 1000% Yayyy
@@angieharris8015 lol! Stay loyal to plastic
@@freedomring3022 well...actually, it's metal. But, I will completely stay loyal. "We" have an outstanding business relationship 😁 lol
@@angieharris8015 I’m sure you do.
YOUR PRODUCERS DESERVE A RAISE
Why?
The U.S. economy could improve if the government made better decisions for its citizens. Hyperinflation has burdened the less fortunate and is eating into my $620k retirement portfolio. Where can we invest with less risk?
I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Your videos keep getting better and better.
The main problem is how expensive it is to live in the United States. Making $100k a year on paper is nothing nowadays for a family of 5. Maybe if you’re single with no living beings to take care of and you live in a studio apartment you can get to some sort of wealth. But it’s not possible for families at this income range
If you don't have any debt accept your mortgage, then 100K shouldn't be hard to live on unless you're living in Los Angeles or NYC.
I cut up my credit cards before I could even finish the Credit Cards chapter in Breaking Free From Broke. 🙌🏾 those companies are a buncha crooks. Byeeee
This guy is incredible. Hard truth.
ive spoken about financial freedom to a lot of my friend, but when it comes to making the sacrifices they need, they just shut down and stop listening lol
My weekly paychecks automatically go into a brokerage account which automatically buys some of my favorite CC ETFs leaving enough cash to transfer a budgeted spending amount once a month into my "spending account" . If I go over that spending budget, I have to manually sell some equities and transfer it to the spending account which hurts enough to keep me on budget. Once you get a good budget together you can automate all of this and go play.
Live above your means and spend!!
🤣🤣🤣
💯😉
Keep up with the Jones!
@@michaelhang3557 No need to impress when you have financial success.
AMEN BROTHER
It’s always refreshing to revise the basics 😊
Love your videos and all the funny stuff. I look for your videos. Love it.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That seems like a sensible approach. Over the past two years, I've been working closely with a financial market specialist, and I've successfully developed a diversified portfolio valued in the six figures through stock investments. Nevertheless, my goal for this year is to expand diversification even more.
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Kathryn Denise Isernhagen is the licensed advisor I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I live paycheck to paycheck, but that's because I have a $0 budget. 20% of my paycheck is for savings and auto payments sure help.
Same here. When my paycheck comes in every week I pay the bills and put the rest into savings and then just keep enough in my bank account for some food and a little bit of a buffer.
REM is Rapid Eye Movement silly! Lol! But true that! Thanks for this info! 🤗
So many people are very private about their savings and claim they live paycheck to paycheck.
Too many comments claiming they live paycheck to paycheck... After depositing 99% of their check into savings 🤦🏼♀️ its not paycheck to paycheck if you can afford a true emergency
@@nataliearciniega2103 I rememeber 30 years ago when I used to quote paint jobs.
All the old folks apparently were broke and barely making it on a pension.
Later on you discover they paid their house off in 1973 and had $400k in savings
@@bskinny9009 those old folks weren't as innocent as they seemed 🤣
@@nataliearciniega2103 Maybe not, but they were smart.
@@bskinny9009well of course they’re gonna tell you that when you’re trying to charge them for a service lol. Fact is a lot of people do live paycheck to paycheck with no savings though, from surveys where they’re not trying to get money out of people so they have no reason to lie
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over $1.8million.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
Buck buck, don't go near a Starbucks! 😂😂😂😂😅😅
I SEE WHAT YOU DID AND IT WAS GOLD
"Here a buck, there a buck, don't go near a Starbucks" -- loved that!
I am so happy we (me and family) are in the 12% who are NOT broke! 👍👍👍👍👍🤣🤣🤣🤣
22%?
Same here.
85% to 90% into investments.... Tsla and Palantir stock. 40-60% returns. so far.... :)
The Zoey 101 part was too relatable.
Zoey 101 brought back some memories 😂😂 that show was drippin
We called the every soda flavor at the soda station an “around the world”🌎
We save a measly $20 a week for vacations/getaways. It's recently added up again to cashflow a 3 night stay at a private cabin in gatlinburg over labor day weekend with spending money/dog boarding. Cash flowing vacations means you can enjoy them, not having to keep on paying for it MONTHS after it's done.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
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 $850
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Lucia Alicia Cruz is my FA, simply do due diligence . You'd find necessary details online to work with and set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
That Zoey 101 cut had me crying.
BRING THE 90's REFERENCES TO THE DAILY SHOW!!!
*What sad about this even though your right is that working class people are not allowed to have fun because its about what we do with the money when we get paid. Rich people and especially people who are born rich get to have fun, go on multiple trips, buy nice cars ect. meanwhile everybody else got to play it safe and live more boring lives for the sake of having more money when we need it...honestly theyre are people that work 2 to 3 jobs and theyre live still suck I just think theyre is no win win, you either be born rich or dont be born at all...* 😂
I make myself I am broke..keeps me inline 😂
VBB, value base budget model. Its where you take all your expenses, and assign a value of 1 to 4 to each expense, with 4 being most important, 1 being the least.
Assign a value based on how necessary it is for your life.
Then do it again for how much "happiness" or convenience you would lose if you cut back on it.
4: an absolute necessity to keep.... living. (Examples: Groceries, Rent/Mortgage, Utilities, Transportation).
3: Tough to cut if you stopped spending, while not necessary, its important to keep life going. (Examples: Life insurance, day care, mobile data)
2: If we cut it, it would only be an inconvenience, but easy to deal with (Examples: eating out, higher quality necessities, etc.)
1: We can just cut it and nothing would change (Examples: usually luxury goods, subscriptions, etc.). As for happiness on luxury products, it doesn't last more than a month for most people, so maybe it doesn't actually give you happiness.
Then you average the two values, and rank the expenses. The lowest ones get cut first, highest ones get cut or reduced last.
Examples:
1. Say you rent a solo apartment in a upscale area. So on the necessity column, you put 4. You need a place to live. But on the second column, you find that having such a big space all to yourself isn't really that important to you. It doesn't give you that much of happiness. So you put a 2. If you average both, it would be a 3. This would mean you can cut the rent expense and downsize as you find space isn't really important to you.
2. Say you buy a coffee every morning from star bucks (yes, I'm going to use the coffee analogy). Its a 1 on the necessity column, because you don't need it to survive, and especially not a luxury coffee. But you love Starbucks coffee and live for coffee, as its your saving grace on your dreary life. Drinking it every day makes you happy, and you don't do it just because you need the caffeine. You would rate that a 4 on the happiness scale. So on average, it becomes a 2.5.
3. Lets say you are paying a loan on a car, but the car is necessary as you have a long commute and driving saves 30 minutes over public transportation. So that's a 3, as it necessary to survive. But the car doesn't give you any special form of happiness as you aren't a car person. However, it is rather convenient, since its a hybrid and saves you a lot on gas for you long commutes, but if you had to change it for a cheaper car, you can. If that's the case, it would be a 2 on the happiness/convenience scale. So on the average, its a 2.
4. Cellphone plan. You need it for work, and without it, you would get fired, because you are always on call. Its a 4. Its convenient for you and is already the cheapest plan possible. It doesn't give happiness, but it is very convenient, because you tether it too, to cut on home internet bills. So we give it a 4.
In the above examples, you would rank expenses by: Cellphone plan > Rent > Coffee > Car. So you would prioritize cutting cutting rent even before cutting cellphone, and cutting the car before even cutting coffee. This would actually go contrary to what most people will tell you on want to cut first. But that's the thing, value is important to a person, and this would allow you to know where your priorities lie and how to maximize the happiness and convenience in your life, while minimizing the costs as much as possible.
Yeah, the method is purely subjective, but it does take into account the individual person. You don't always have to sacrifice happiness and convenience to cut costs, as maybe you will realize some things aren't giving you as much benefit as you think they are.
It's a cool idea but it relies on people being brutally honest with themselves, which most people don't want to do :)
I am 27 years old and I have $56,000 in a Roth IRA. I am maxing out my monthly contributions at $583.
I still don't think i am doing enough.
Im 36 and just hit $50k. Now i can contribute $3k a month but thats the only difference. You are crushing it my dude, really wish i started when i was younger. Develop your skills/career and contribute more when you can.
But, what about trickle-down economics?
I like the dave ramsay plan. I am trying to pay off my car in at least half the time, but it seems that to be able to save in cash for every possible scenario especially a "new to me" car or hvac in cash, it requires a very large margin or can only best be done after the house is paid for. I have too many necessary expenses to save in thousands for highend stuff.
Just start small. Think of likely sudden expenses like new car tires or having to get a plumber in. Just $1K will cover most of those, and you can slowly build towards that with $50 a month or whatever you can afford. It's a marathon, not a sprint :) You might get those sort of expenses once a year. Big disasters like having to buy a whole new (used) car or hvac really only come along once a decade or so unless you are really unlucky - don't skimp on regular car maintenance though, a reliable motor properly serviced can last you 15 years or more, way cheaper in the long run than having to buy another every few years. Pay attention to what the local taxis are - you'll probably notice that most of them are all the same three or four models, and the taxi men are all using the same mechanics for servicing...
Any tips or tricks for the people not on a fixed income as restaurant servers how to budget if you don’t know how much you’re going to make in any given month
Because they listen to your guys' investing advice
'Suicide' pop was magical!
(never mixed in diet though - yuck)
Gonna try all diet flavors and report 😂
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am in my 50s no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
The best course of action is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bull market.
I've experimented with a few over the past years, but I've stuck with ‘Grace Adams Cook’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
So... i shouldn't pay off a heloc with a credit card that I'll pay off with a student loan?
Foolproof plan! Will try and report back when I get the first 1M. 🤣
Only make 25k a year. House paid off, 2024 car paid off, a years worth of living expenses saved up. Just hoping the AC goes out.
Did you buy your house 60 years ago
lol you’re full of it
yeah maybe if your house was 50K in 1980
@@Bluemortal001 didn't own it until 2007
My issue is that after my bills and food are paid off for the month I have nothing left over :(
The team was definitely hungry when they wrote this one lol
I am so grateful for Ramsey Solutions. It's been a long road but I'm debt free and now saving my 6 month emergency fund.❤😁
Love these videos. They are hilarious 😂
The best way to make sure you always have money is to pay yourself first at least 10% of your net income from work. Invest that money in a good stock index fund and never touch that money no matter how tough it gets.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Katherine Stewart strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Why every dollar app planned , spend and remaining numbers never match .. they need to fix this app ..
Oh look, another video telling people they're broke from buying coffee and streaming services. Never seen this before....
Whatever helps. I like to know what advice you even have to offer
So basically, Dave Ramsay for people from this century. Cool.
I will never be dead free most of my money goes to Uber to get back-and-forth to work and there is a lien on my house due to a vehicle that I purchased for my ex-husband even though I left that to him to take care of in our divorce, he put it in a bankruptcy so now I am stuck with it, and I can’t afford the payments to pay it off so my only hope said it will not renew
George, did you move from Marcus to Laurel Road then?
Title of video: "Why 78% of Americans Are Broke"
What I thought I was going to get: A statistical discussion about how they got to 78%, what it means to be 'broke', who the 78% demographic are in America, and what financial study or academic journal this information came from
What I got: A lecture about how to save money coupled with distracting cutaways
Ah, with a targeted demographic with such a need for constant dopamine hits like this, it's no wonder they got financial issues. Among other things
Oh wow, he recommends his boss' app. What are the odds.
ALL OUR MARGIN GOES TO DAYCARE
That means you don’t have a margin
@@dianagarcia242 That's literally what I said... 😂 Thanks for rubbing it in!
@@dianagarcia242 @-@.....
Poor decisions
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
That's awesome!!! I know nothing about investment and l'm keen on getting started. What are your strategies?
As a beginner, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant
If you are using really a good broker or account manager is easier to earn from the market
I've been trying to trade but I keep making losses and it's frustrating
Can you recommend a guide for me?
When I was single my pockets would jingle
George - the volume and length of ads on your videos has grown out of control. Cut them in half at least or you're going to lose subscribers
My roommate who works three jobs still asks to borrow money from me. I'm a calf of what she makes or less. I don't get it.
What is a no spend month?
Spend only on necessities (basic food, utilities, housing, transportation, insurance) - avoid all other spending
Don't worry, even when you're 86 years old, it's never too late to get a job, eh George? :)
Kamel Kamel Kamel!!!
Yes you might say that but More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. .
Incredible. I believe in investing and working because I love luxury . when a buddy of mine recommended me to a financial advisor. We spoke about investments and money. I began investing with $120,000, and after two months, the value of my portfolio was $314,800. You think this is crazy, but I choose to reinvest my profit and become more intriguing. We have been working together for more than 10 years, consistently turning a profit. a year ago, opened my first restaurant and bought myself a brand new car last week.
@@MarcelinaMakowski That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Cynthia Alexandra Jackson is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
“Cynthia Alexandra Jackson” a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
After XAI95K is everywhere the rich and poor shift will become reality
so youre saying to get a credit card and max it out? its free money
Bonus points if you fill out the paperwork in your children’s names
@@ryanespinoza7297 wow what a great tip!!
Cool
Trump is the final step for 10x on XAI95K these days
50% of those living paycheck to paycheck can't get past step 2. Just the 4walls is unaffordable. Most everyone I know chose their home because it was the least expensive option they could find, have an average of 3 incomes per household and are still having to use credit to cover things like food or utilities etc. these tips aren't going to help us. It just makes us feel guilty for not being able to do it. My 4walls costs 90% of my household income and it's physically impossible for anyone to work more or spend time and energy on furthering education to get a higher paycheck.
With 3 incomes should be easy to either get training or work more to get ahead unless people can't physically work.
@@sewerrat7612 you'd think that but do the math and it makes sense. In most cases one parent has 2 jobs, though one is usually gig work, and the other takes care of the kids and then does gig work whenever they can. Gig work often doesn't even pay minimum wage, but every other low skill job requires a "flexible schedule" aka part time work but you better be available for any and all shifts so you can't get a second job. The saddest part is how many of them have degrees and the debt that comes with, because they were promised that stupid piece of paper would garuntee a good future.
The only people I know who live that way are doing it on purpose and I live in one of the poorest areas of Appalachia.
@aprildawnsunshine4326 get a skilled job that allows overtime it's ni fun but bread winner can do 70 hours or so once finances are ahead can back off a little and do schooling to progress. Housing still cost way more than it should. Speaking from experience as someone in an expensive state with single source of income wife's unable to work.
Why only 1k for an emergency fund i can't think of much that little would help with.
Same content, different day/video. 👎
That’s the point! 😂
It's not a fabulous to get wealthy. It's boring.
@@KITTER298: I have no objections with the prescribed method; my objections are to the recycled content. Like seriously, how many different ways can you recommend people live below their means, have no non-mortgage debt, and invest 15% of their income for retirement?
@@danieljohnson4418 seriously, Dave Ramsey's team offers cookie cutter advice that is good the first time you hear it, beyond that it's just nothing.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
Their
...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
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
Sure! She interacts on what's App using the digit below 👇
BRETT and XAI95K are ATH kings. Thank you for making my day with your POV
Will ETH 2x? 3x? Maybe. But add two more 00 to that for XAI95K having 200x or better
Avoid 💸
Unfortunately $1000 is not enough for an emergency in my experience. My neighbor suddenly wanted a new fence and made all the surrounding neighbors pay $2500 upfront. It really sucked.
I hope Trump saves this world and he always appreciated those who made XAI95K
George, I turned 62 in May and I had applied for social security so that I could pile the extra money into our Roths while I’m still working. The government sent me a letter a couple of weeks ago telling me that they were taking 6 months worth of money out of my “ payments “, so I withdrew my application and will wait until age 66.
What is the reason that they're taking money out of your payments?
My plan too, but it only works if you’re really, really part time, right? I ran the math for 10 years if my husband and I both did that and that’s a healthy sum.
@@tvelicia Kimochkaks is making too much money from the job to be able to keep all of each monthly social security payment. In their case, Social Security's not just taking PART of each payment, they're taking several entire payments. There's a limit (until full retirement age, I believe) to how much you can make yearly when you're collecting Social Security. Kimochkaks was smart to decide against applying right now. Doesn't pay -- literally.
@@CarlaQuattlebaum - I sent a reply but I don't see it, so I'm trying again. Anyway, thank you for your comment. I will receive a pension when I retire and my agency does not pay into Social Security. I'm subject to the Windfall Elimination Provision and I thought by taking Social Security early, I would avoid the WEP until I started receiving the pension. But it looks like my payments would still be cut.
@@tveliciaI’m still working, so they were going to take everything for taxes! Funny thing is that I do bow rehairs at a violin shop here in the Midwest. I get paid per piece, and am already paying taxes on what I make. I had listened to one of these shows that recommended getting SS and put it in your Roth. I had more than one job until this February when we paid off our house, so now I am down to one job and my husband drives a truck. By January we’re going to have enough savings built up so that we can max out our Roths. I guess you really have to not work much to get SS.
XAI95K has 5x the week but that is not even uncommon for their ideas
These dips somehow affect XAI95K nowhere, obviously smart decisions prevail.
That stat is 100% made up. 78% of people do not live paycheck to paycheck. That's a made up stat that people use for clicks. You'll notice he just says it, never cites a source or explains it at all. So dumb.
You must live in fantasy land then, cause I believe it is higher than that. Lived in NC and KS, most everyone lives paycheck to paycheck!
half of people who make more than 100k also live in NYC and LA.. 100k in those cities is barely livable wage. I turned down a 30k raise when I was asked to move to NYC. I looked up the difference in rent, and I was already down to a 10k raise. That's not to mention how expensive everything else is. It was better for me to stay in a small town.
Every year someone missing badly. would be wise to not repeat the mistake with XAI95K
Is XAI95K still usable? I wanna have some of that
No bull run can exist without the impressive XAI95K
I put 300 a week away into a Roth 401k and I’m 24 and we will see what happens in like 10 years