Wake Up: The Government NEEDs You Poor
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- Опубликовано: 7 фев 2025
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In this video, we dive deep into the uncomfortable truth about why many people struggle financially - and how the system might actually be working against you. From inflation eroding your savings to common habits that quietly kill your wealth, we’ll break down:
Why saving money the traditional way isn’t the best long-term strategy.
How cultural and generational norms can trap you in financial struggles.
Four habits that destroy your wealth - and what to do instead.
The impact of inflation on everything from groceries to real estate.
The true cost of cars, homes, and college in today’s economy.
Whether you’re trying to build wealth, gain financial freedom, or simply understand how to make smarter money moves, this video has actionable advice for you. Learn how to navigate the system, avoid common pitfalls, and make decisions that set you up for success.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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I'm so thankful my mindset is in line with yours and I do share lots of your information with a few like minded friends regularly
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
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.
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 all new to me, How do I find a suitable advisor, can you recommend any fiduciary?
My CFA ’Lisa Grace Myer’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Contrary to this DOW also just hit a record high. I'm optimistic about the prospect of the market. Also keeping an eye on digital currencies. I'm seeking ways I could divest some of my portfolio, maybe around 150k, to include digital currencies. Can you make a video on that?
A long-term approach can definitely help with navigating market volatility. set clear goals, focus on quality Investments, stay patient and avoid emotional reactions.
Such uncertainties are the reasons I don’t base my judgement on a ''heresay''. My dollar portfolio is made up of 30% S&P500, 25% Index funds(ETFs),15% Gold and over 30% in digital assets, thanks to my CFA for this accurate asset allocation. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends.
I find your situation fascinating. Would you be willing to suggest a trusted advisr you've worked with?
Her name is ZAREEN GRACE CHURCH . I can't divulge much. Most likely, the internet should have her basic info, you can research if you like
in 50s, one income was enough
in 70s, two incomes were enough
in 90s, three incomes were enough (husband + wife + credit card)
in last few years, four incomes are needed (husband + wife + credit card + side gig)
Next up, sell first born
Instead of waiting for kids to be 18 to leave nest. These days now can't wait for kids to be 18 so they help with mortgage
is a spending problem not an income problem
One income is still enough as long as you follow the gov plan of living on welfare during retirement
@@pentrubarbatigood question
Bought my first house in 1981was 21 years old. Working in the oilfields. Working 70 to over 100 hours per week. Sad how much we have to work now. Invest as much money as you can.
Debt is slavery! We’re working hard to pay off our mortgage. We have no other debt except our mortgage. It definitely feels less stressful not having all the other debt. Knowing that even though we have a mortgage payment, we’d still be able to make ends meet because the debt is so much lower is priceless. Now if we could just get this house paid within the next 5 years that would be amazing! Loved this channel and all the information you’ve provided!
The stock market and economy at large over the last 15 years was a result of 8+ trillion dollars in FED Quantitative Easing. I find it highly and mathematically unlikely the FED will do that again. When QE was launched en masse back in 2008 inflation was not a problem. There was actually some minor deflation occurring at the time. If the FED were to restart QE again under current conditions, and drive real yields on bonds deeply negative once again, the FED will quickly find itself the exclusive buyer of all government bonds. The Federal deficit is around 2T a year but the Federal government is rolling over maturing debt meaning there are 7+ trillion dollars worth of UST sales per year. There is zero way the FED can print and buy 7 trillion dollars worth of government debt every year without causing double digit inflation.... ... I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months... I'm especially grateful to Aldona Šabanienė’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She mostly interacts on Telegrams, using the user-name.
@AldonaSabaniene.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary…
This way you can get strategies designed to address your unique long/short-term goal Building a good investment portfolio is more complex so I would recommend you seek Aldona’s support. ls and financial dreams.
What I've been saying all along is that it's the Fed and our own government that is increasing the wealth gap between the rich and the poor.
I found out only about 4% of the best investments outperform inflation. You need to be in those investments.
I would use the word DEPENDENT. The government needs you dependent.
Best comment
The government does what the big corporations want. Regulations, taxes, permits etc are to help the big corporations and hurt the mom and businesses.
We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.
Exactly
@@davidrpriest The government does what the big corporations want. Regulations, taxes, permits etc are to help the big corporations and hurt the mom and businesses.
We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.
True the govt wants you poor. It makes them money. I've often worked crazy overtime in the fall to pay property taxes. Then worked crazy overtime in the spring to cover income taxes, due to all the money I made to cover property taxes.
In my humble opinion, property taxes should be faded out and replaced with a tax on the upper 1%.
@@anniealexander9616 The government does what the big corporations want. Regulations, taxes, permits etc are to help the big corporations and hurt the mom and businesses.
We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.
@@Ekam-Sat The lower part of the 1% already pay loads of income tax. It’s the upper .02% that don’t pay much.
Dwelling coverage for a home is the least important thing in the home policy. Liability coverage is the most important coverage just like auto insurance!
My advice on the nice car issue, honestly, keep it simple but I think it’s ok to give yourself enjoyment of life’s treasures because time goes on and if you get older and didn’t enjoy life when younger, you might regret it later.
Have Freedom and Creating peace. Thank you very much.
Good morning. You two are too funny. 😂 great show.
Thank you both for the transparency 💐💐
I was a teacher. Teachers get three months a year off and a million dollar pension with free health care. Teachers live in a golden bubble where they can't lose their job. I went into home building. What a shock. Had to work hard and market risk. Big risk. Luckily my wife was a nurse. Now retired, two paid for rentals, paying me $4,000 per month so I can be retired. Math matters. Do the math. My plumber makes $180 per hour, $360,000 per year, more than a medical doctor. Get it? Do the math.
I say this all the time when people complain teachers don't make enough. I realize there is lesson planning, grading, time outside of class etc... but you literally get the whole summer, spring break, Christmas break, I'm probably missing another holiday. It adds up to roughly four months off.
Question is that fair to have those schools board staying there, brain washing the next generation and got paid from the people brain washed?
This was informative. Thanks!
Thanks again for your time and effort Ken and Danille . Appreciate you 😊
Such a good convo!
Freaking love Ken!
You gotta be a bobble head when you’re driving. Look at all the mirrors. Keep your head moving and stay focused. Anything that moves get ready to put on the brakes.
As a parent, my goal was to educate my son on money, finance, and investing. At the age of 6 (in 2012), he decided to invest in a rental house. We watched the rent come in, each month he put cash into his savings. After time the market and selling at profits, he is able to pay to welding trade school and a used truck. Hopefully these life lessons will stay in his habits.
I think this is one of the best videos y’all have done. It was excellent.
When women were convinced to work more things were bought and inflation took off from there. The only way to bring costs down is less spending which won't happen
Thank you for your show, and the information it’s very valuable for the people in the Real Estate industry like me. And in many ways, it’s very useful and relevant for investors and others not in Real Estate as well.
If I’m going to be poor, I’m going back to sleep
Eggs are through the roof!
Losing 20 million chickens to bird flu can do that
So does the recent ban on non cage free eggs in Michigan. What a stupid law to pass. Now eggs have went sky high here and everything is following restaurants charge more bakers are charging more.
That should be the least of our concern because it’s a small ticket item compared to for example insurance rates.
Get chickens and ducks. Otherwise don’t complain.
@@Reutzel507 I love them!
Very helpful Thank you for sharing this
Since 2009, EVERYTHING is up in IOUs due to printing THIRTY TRILLION DOLLARS. My uncle built a 12 unit apartment building in North Minneapolis in 1964, when I was in 7th grade, for $65,000, not per unit, for the whole building. That was when silver was MONEY. I can make affordable housing, an 8' x 12' house that is totally livable for one or two people, way under $10,000, total, but no land, no property taxes. We need tiny houses, for people with no money.
O.K LLLusory income. Appreciation and Amortization and Depreciation. Thank you very much. Return on information. Thank you very much.
The cost of everything goes up. New cars are a waste of money.
They should all stop manufacturing new vehicles every year. It’s such a waste and they just sit on the lot
Generate Cash Flow
I love the podcast, I listen to every one. But what’s with the background music?? It’s distracting like are we listening to smart financial advice, or getting a massage? 💆♂️
Love hearing her beat up Honda story. I'm 8 years into my professional career and still drive my 2012 Honda Fit from college which for a bit last year had its bumper ductaped on until I fixed it recently. It's a little beat up. Just yesterday, a managing director at work asked me when I'll be buying a new car. I think it's time, but just holding off till I get my second rental cash flowing 🤷♂️
I have to comment on the bit about buying a new car. I only owned used cars all my life. I finally escaped the matrix with one great investment and quit my job and bought a new car. I deserved it right? Bad decision that I still regret. It sends the wrong message and I wish I had my old Honda back. No I'm not selling this car, but I now believe you should not upgrade your life too much. All of your relationships will continue as they are and you won't make yourself a target of crime and whatever else. It shows insecurity to feel the need to make a display of your wealth IMO. I'm still paying on the car after 3 years and I'm under water on it. Doesn't matter, I could pay it off at any time, but the math don't math for a new vehicle.
If you save money, you lose value, but if a downturn happens, you have no money and value goes up
Ken "she drove into a rock"
Danielle "no, it was a cement wall"
I drive a 2003 Toyota Tundra that I bought new. It still runs like a charm but needs a little work. I make decent money but don't want the high monthly truck payment.
Love watching you guys, getting 2 perspectives. demlia is so down to earth and still understand the average person ❤
thanks!
Good advice.
10k was a good down payment 10 years ago. Now it’s not
Divide and Conquer. If the peasants are fighting amongst each other then the Kings of the world have little concern.
Good info
Wow, love you guys… thx for the logic and help ❤
Can relate to danielle about car care.
Consumerism is driven by home ownership. Fewer and Fewer people own homes.
5:50 is why I follow this channel so much.
Josh is a good guy. 😊
I still have my car a purchased 24 years ago. The engine is in good shape. But little things are going out. The car is only worth $2,000.00 but I will drive it until it stops going. Then I purchase a different car. I baby it, no long trip, never over 50 miles an hour, unless I have too. Insurance is $35.00 a year. I can do the minimum work on it myself.
Now I also have a new truck I purchase 3 years ago which I drive for everything else. I paid cost for, now saving to be ready to purchase a new car only this car decides to no longer start.
You could make or get spares made. I think there’s money in that business. Custom making spares (3d printing etc). No reason those cats won’t run for many more decades
Who is going to be able to afford your apartments if all there are only poor people who cannot afford the rent anymore.. Wealth and income inequality will eventually destroy the country.
Dumbest thing I ever bought was a street bike. I lived up in the Seattle area where it rains 9 months a year. If the weather isn't at least 70 degrees and sunny, i ain't riding. So it just sat in my garage. Taking up space, getting bumped into. I sold it after a year.
Relating to the car expense portion of the video....I realize an EV is inconvenient for some commuters but routine maintenance and gas isn't an issue with those cars and worth serious consideration if you're trying to save money in that area.
I had a 1978 Scirocco in college! Drove it across the U.S.
Nice video. I am very happy that I made the best decisions with a good investment. Despite my age, I was recently able to buy my third house and I think if cryptocurrencies continue to do well, I will retire early.
I have always had a deep interest in this and would really love to start from somewhere anywhere actually,I believe this is what our future is all about.
Yes I've been noticing deferred auto repairs for a while now. I move away from them when driving lol always give a big space buffer on the roads
Vintage cars/trucks are very expensive to maintain. But then again, it’s a vintage!!
No they dont have to inflate the monetary supply. They are doing this to protect themselves from defaults and the rich feom defaults. Deflation allows you to save money and actually make money due to money supply shrinking. This is done to protect themselves
Yes, something like that. From my understanding inflation is good for the government because then they need to pay back less to the federal reserve. Please feel free to correct me if I am wrong.
Can some one turn that BGM OFF? I got constantly disrupted by that none sense BGM. Really not a good idea to have that😢
I totally agree that student loan debt needs forgiven because young people were taken advantage of and convinced to get useless degrees, the schools and other fraudsters should pay it back, but I got an engineering degree and my wife got a nursing degree and we've paid back all of our debt so it's not really fair to the people who got decent educations
Please don’t ever do the music again. Thank you for everything y’all do on this channel much love from the great state of FL
lol Danille , “ girl code” love it
Housing should be a right
Thinking about cutting back auto coverage the same way
The problem we are having now with both partners having to work to survive and even needing another side hustle is the result of the dismantling of our Christian roots.
1. Buy cash flowing deals. 2. Leave the United States. 3. Let the money printing rip.
Im 17 and im about to graduate and I was thinking of doing a real estate concentration course at a community college and I was wondering if that is smart? if I want to get into real estate investing in the future?
Wrote a check for mom's today
No wonder bossman didn't get sleep last night
He must find away to replace that money
Why don’t we all decide to not buy anything that is not necessary for 2025
When was this video initially put out? She made reference to coming election at timestamp ~ 16 minutes.
You can absolutely kick the can down the road for maintenance on your car.
Ken, you have some music in the background. Are y’all trying to psych us out?
The system is literally failing in front of peoples eyes and we’re still reporting to jobs, when we need to have better branches of the nations that move swiftly towards action and needs. While funding citizens “quality of life”
Thank you very much
Check out the two income trap by Elizabeth Warren, talk about a rabbit hole. Appreciate you guys! Keep up the great insight!
@3:50 Although I am not yet in favor of reparations, I don't think it is appropriate to place it in the category of government "handouts" or under that the motivation is financial struggle. Please reconsider your categorization.
Cash is a commodity
It rottens through time
Like milk
U R Correct
Insurance and maintenance in California 😬 , 1, 700 for the service and they recomend it every 3 Month 😂😂
I'm the Government. I want you buy with credit cards and save money and go broke👍
She call him at the car repair
So he is her bank
Lol
They do
$36 TRILLION in DEBT................ hummmm
200 home insurance
225 cell bill
200 gas for house
200 electric
1800 mortage
175 tv,internet
1200 food
200x5 cars insurance
1200 taxes property
Family of 5
We have 10 w2's
Yikes
Controversial take: I think the government doesn't want us to be poor, but they're definitely not making it easy for us to get rich. What do you all think?
Babybommer grew up with trust and didn't question the government
Even today you watch the money and not government
Boy your girl sounds like me always looking for ways to save money I like her
Wait, ive seen this before. Is this a re-upload?
GOLD YOU GOT MINUTES TO GET OUT
FEW PEOPLE WILL HAVE A COUPLE KG
DO YOU KNOW HOW HEAVY THAT IS AND WHEN YOU ARE RUNNING PEOPLE WILL KNOW YOU CARRYING
IT WILL BE TAKEN
EVEN IF YOU TAKE A AIRFLIGHT
MOST COUNTRIES HAVE A 5000 DOLLAR
LIMITED ESPECIALLY ALL INTERNATIONALLY
AIRPORTS
IT WILL BE TAKEN FROM YOU EVEN CASH
hey ken can you eventually get into dscr loans
Money printing
Not only poor. But sick.
But….
What do we do? Order Grub Hub, DoorDash….pay $17 for sub sandwich.
What do we do? Shop a dollar store. The most expensive place to shop on a per ounce basis. Period.
What do we do? Pay guys like Ken and I rent? $1000.00 a month, and have no assets. When you can get a duplex and have SOME kind of income to offset your mortgage expense. Then comes tax time… yeah depreciation baby.
Go to school for your RN degree. Even with an associates, you'll make over 100k.
$1400 for oil change and tire rotation? Too much.
Also the service stinks everyone are pretending
Then scamming
Why did I think they recorded/posted this Jan16.2025???😂
The borrower is a slave to the lender
FREEDOM is the real goal in life
🙌🏻
The government is winning laughing and laughing and laughing
Nice of Ken to have his daughter on with him.😂😂😂
Generation by generation it is a forever debate that should parent help 18 years adult to make their life-long decision (loan, education, major etc.) or not? Ken is lucky he didn't follow the path of his parents but not eveyone was brave enough and sometimes parents also had strong opinion to their kids' future.
The background music is distracting…I can’t focus on what you saying
Cultural expectations:
Roof, utilities, cars affordable, Internet, phones, gas affordable, and affordability of kids enjoying something from time to time