Broseph
Broseph
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Federal Reserve Lowers Interest Rates in 2024: What You Need to Know
In this video, I break down the Federal Reserve's recent decision to lower interest rates and explore its far-reaching impacts on the economy. You'll learn why the Fed chose to reduce rates, how this move affects loans, mortgages, and everyday consumer spending
If you're curious about how the Federal Reserve's actions might influence inflation, your personal finances, and the broader market, this video provides clear, straightforward insights.
Key Topics Covered
- Why the Federal Reserve lowered interest rates in 2024
- Impact on mortgages, loans, and credit cards
- Economic outlook after the rate cut
🔔 Subscribe for more insightful videos on personal finance and credit card tips!
👍 If you find this video helpful, don't forget to like, comment, and share to help others stay informed about personal finance, investing, credit cards and more!
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Timeline
0:00 Start
0:15 Background
1:19 Interest Rate Cut
3:30 Summary of Economic Projections
5:16 Bureau of Labor Statistics Review
7:30 How Interest Rates Impact your Credit Card
8:37 How Interest Rates Impact Loans and Mortgages
9:12 How Interest Rates Impact Student Loans
10:58 Review and Wrap Up
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Opinions expressed are solely my own and do not express the views or opinions of my employer.
Переглядів: 85

Відео

How to Freeze Your Credit with Equifax | Step-by-Step Guide to Protect Your Credit Score
Переглядів 8012 годин тому
Protect your financial future with this easy step-by-step guide on how to freeze your credit score with Equifax. In this video, I’ll walk you through the process of securing your personal information by placing a credit freeze with one of the major credit bureaus, Equifax. A credit freeze can help safeguard your identity and prevent unauthorized access to your credit report. Whether you're deal...
Is the Bank of America Premium Rewards Elite Really Worth $550? My HONEST Review
Переглядів 22921 годину тому
In this video, I give you an in-depth and honest review of the Bank of America Premium Rewards Elite credit card. With a hefty $550 annual fee, this card promises premium travel perks, exclusive rewards, and added benefits. But is it really worth the cost? I break down the card's travel rewards, bonus points, and lounge access to see if it lives up to the hype. Whether you're a frequent travele...
Watch Me Apply for the Capital One Venture Credit Card | Step-by-Step Guide & Approval Tips
Переглядів 742День тому
In this video, I walk you through the process of applying for the Capital One Venture Credit Card, sharing my step-by-step experience and helpful tips for getting approved. If you're interested in earning travel rewards and points, the Capital One Venture card is a great option for frequent travelers. Watch as I go through the application process, discuss the benefits of the card, and provide u...
NEW U.S. Bank 4% Cash Back Credit Card! This is NOT a Drill!
Переглядів 94114 днів тому
Looking for a way to maximize your cash back on every purchase? The U.S. Bank Smartly™ Visa Credit Card, paired with a Bank Smartly Savings account, offers the perfect solution! With this dynamic duo, you can earn up to 4% cash back on everything you buy, whether it's groceries, gas, dining out, or online shopping. This credit card is designed to help you save more, while a linked savings accou...
Capital One Venture X: The Best All-Around Travel Credit Card for 2024 | Top Benefits & Rewards
Переглядів 33314 днів тому
Discover why the Capital One Venture X is the best all-around travel credit card for 2024! 🌍✈️ I n this video, I dive into the benefits, rewards, and features that make the Venture X a top choice for travelers. Whether you're looking for unlimited 2X miles on every purchase, lounge access, or an easy-to-use travel portal, this card has it all. I compare the Venture X to other popular travel car...
Walmart+ & Burger King Team Up: Exclusive Amex Platinum Benefits Revealed!
Переглядів 9521 день тому
Discover the exciting new partnership between Walmart and Burger King, and learn how to unlock even more value with your American Express Platinum card! In this video, we dive into the latest perks and benefits you can enjoy as a cardholder, including exclusive deals, rewards, and savings from this dynamic collaboration. Whether you're already a Walmart member, a Burger King fan, or simply look...
What Is Financial Wellbeing? Steps to Secure Your Financial Future
Переглядів 1221 день тому
Discover what financial wellbeing really means and why it's crucial for a secure and happy life. In this video, we break down the concept of financial wellbeing, explaining its importance and providing practical steps you can take to achieve it. Whether you're just starting out on your financial journey or looking to improve your current situation, these tips will guide you toward financial sta...
I Cancelled My Amex Green Card: What Made Me Drop This Popular Card?
Переглядів 15221 день тому
In this video, I explain why I decided to cancel my American Express Green Card. If you're considering getting or already have this card, it's essential to know the pros and cons before paying the annual fee. I'll cover the specific reasons that led me to cancel, including the card's fees, benefits, and how it compares to other credit cards. Whether you're a frequent traveler or just looking fo...
5 Essential Life Goals to Achieve Before 30 for Success
Переглядів 3028 днів тому
Are you looking to make the most out of your 20s? In this video, we break down 5 essential life goals that everyone should strive to achieve before turning 30. Whether you're focused on career growth, financial independence, or personal development, these key goals will set you on the path to success. Whether you're in your early 20s or approaching 30, it's never too late to start working on th...
3 Credit Card Companies to AVOID: Credit One Bank, Aspire & Avant EXPOSED!!
Переглядів 98Місяць тому
Are you considering opening a new credit card or have gotten a pre-qualified offer in the mail? 🚫 Before you make any decisions, watch this video to find out which credit card companies you should steer clear of! In this video, I reveal the top 3 shady credit card companies-Credit One Bank, Aspire, and Avant-and explain why you should avoid them. 🔍 What You’ll Learn: - The hidden fees and misle...
Best Student Credit Cards 2024: Discover, Capital One, Citi
Переглядів 61Місяць тому
Looking for the best credit cards for students in 2024? In this video, I review three top credit card options that can help you build credit and earn rewards: the Discover it Cash Back Student, Capital One Savor One Student, and Citi Rewards Card. 🔹 Discover it Cash Back Student: Learn how this card offers up to 5% cash back on rotating categories and a generous cash back match for the first ye...
Top 3 Most Exclusive Credit Cards to Get: Amex Centurion, JP Morgan Reserve & Citi Black Chairman
Переглядів 125Місяць тому
In today’s video, I explore the top 3 hardest credit cards to get in 2024. These credit cards represent the pinnacle of exclusivity and financial status. Join me as I dive deep into the American Express Centurion Card, JP Morgan Reserve Card, and the Citi Black Chairman Card to uncover what makes them so elite and hard to obtain. 🔍 In This Video, You’ll Discover: American Express Centurion Card...
WATCH ME APPLY: Wells Fargo Autograph Journey Credit Card
Переглядів 504Місяць тому
Welcome to my channel! In this video, I walk you through my personal experience applying for the Wells Fargo Autograph Credit Card. Whether you’re considering applying for this card or just curious about the process, I’ve got you covered with all the details you need. What You'll Learn: - Key features and benefits of the Wells Fargo Autograph Credit Card - Step-by-step guide to applying for the...
Is the Apple Card Worth It in 2024? Pros, Cons, and Everything You Need to Know
Переглядів 311Місяць тому
🔍 Is the Apple Card Worth It in 2024? 📈 In this comprehensive review, we take a look into the Apple Card to help you decide if it’s the right choice for you in 2024. From its sleek design and innovative features to its rewards program and potential downsides, I cover everything you need to know about Apple’s foray into the credit card market. 🔔 Subscribe for more insightful videos on personal f...
Top 3 Stocks to Buy in 2024: Amazon, Microsoft, & Apple
Переглядів 39Місяць тому
Top 3 Stocks to Buy in 2024: Amazon, Microsoft, & Apple
Federal Interest Rate Pause Continues: What It Means for Your Wallet in 2024
Переглядів 98Місяць тому
Federal Interest Rate Pause Continues: What It Means for Your Wallet in 2024
Expedia OneKey Credit Cards: Travel Smarter in 2024!
Переглядів 641Місяць тому
Expedia OneKey Credit Cards: Travel Smarter in 2024!
Marriott Bonvoy Bold Credit Card: Discover the NEW Benefits
Переглядів 747Місяць тому
Marriott Bonvoy Bold Credit Card: Discover the NEW Benefits
You've been warned...Why you NEED Costco Stock!!
Переглядів 254Місяць тому
You've been warned...Why you NEED Costco Stock!!
NEW Amex Gold Card is Here with HUGE changes!!
Переглядів 7272 місяці тому
NEW Amex Gold Card is Here with HUGE changes!!
Is Investing in Bitcoin Smart in 2024? Ultimate Guide to Cryptocurrency Investments
Переглядів 302 місяці тому
Is Investing in Bitcoin Smart in 2024? Ultimate Guide to Cryptocurrency Investments
Citi Simplicity Credit Card Review: BEST for Balance Transfers & Saving on Interest!
Переглядів 2772 місяці тому
Citi Simplicity Credit Card Review: BEST for Balance Transfers & Saving on Interest!
Maximize Your Returns: The Ultimate Guide to Profitable, Responsible Investing
Переглядів 172 місяці тому
Maximize Your Returns: The Ultimate Guide to Profitable, Responsible Investing
NEW Turkish Airlines Credit Card: Everything you NEED to know!!
Переглядів 2632 місяці тому
NEW Turkish Airlines Credit Card: Everything you NEED to know!!
Top 3 Wealth Mistakes Holding You Back (Avoid These Pitfalls!)
Переглядів 722 місяці тому
Top 3 Wealth Mistakes Holding You Back (Avoid These Pitfalls!)
What's in my Wallet: Summer 2024
Переглядів 3202 місяці тому
What's in my Wallet: Summer 2024
LIMITED TIME OFFER Amazon Prime Visa Credit Card: Prime Day 2024
Переглядів 2362 місяці тому
LIMITED TIME OFFER Amazon Prime Visa Credit Card: Prime Day 2024
High-Yield Dividend Stocks to Make You Wealthy: Top 3 Picks
Переглядів 3032 місяці тому
High-Yield Dividend Stocks to Make You Wealthy: Top 3 Picks
Compounding Interest Explained: Build Wealth Faster
Переглядів 452 місяці тому
Compounding Interest Explained: Build Wealth Faster

КОМЕНТАРІ

  • @sheetzfueltransportdriver1935

    You should of applied for the venture X

  • @Marcos_Milla
    @Marcos_Milla 5 днів тому

    Just got the card!

  • @RedRider1600
    @RedRider1600 8 днів тому

    The Wells Fargo Autograph card has been out for a few years now.

  • @Just_Stevo
    @Just_Stevo 10 днів тому

    Congrats! Don't anger them. I had this card and cancelled after paying the fee for a few years. They are BIG mad at me. 820 credit score and debt free and they still wont approve me for another.

  • @rambosidi7634
    @rambosidi7634 10 днів тому

    Hello sir Please, can you tell us what your credit score was? With all the credit bureaus? how many NEW ACCOUNTS IN THE LAST 2 YEARS? How many HARD INQUIRIES IN THE PAST 2 YEARS? And thank you

  • @rambosidi7634
    @rambosidi7634 10 днів тому

    Facts

  • @rambosidi7634
    @rambosidi7634 10 днів тому

    Facts

  • @rambosidi7634
    @rambosidi7634 10 днів тому

    Good job

  • @Mcrbb
    @Mcrbb 10 днів тому

    Fair, good, excellent credit?

    • @Tulare73
      @Tulare73 5 днів тому

      The Venture Card is a excellent credit tier credit card.

  • @ericfarish9131
    @ericfarish9131 12 днів тому

    In the fine print it talks about how the cashback will also be able to be used as points! I’m curious to see how that will work paired with the Connect and Go

  • @rogerarana9284
    @rogerarana9284 14 днів тому

    I am ready to do PC from Go to this card! Nice video

  • @charleslaake2651
    @charleslaake2651 22 дні тому

    Which credit bureau did Wells Fargo pulls from?

    • @FinanceBroseph
      @FinanceBroseph 18 днів тому

      Equifax for me, but have seen data points of individuals getting pulls across any of the main 3

  • @dangerzone9747
    @dangerzone9747 25 днів тому

    Active Cash + Autograph + Attune = WF trifecta

  • @chrislewisking6667
    @chrislewisking6667 28 днів тому

    No foreign transaction fee, too.

    • @FinanceBroseph
      @FinanceBroseph 26 днів тому

      Yes!! Definitely an underrated embedded benefit for sure!

  • @israelnieves2817
    @israelnieves2817 28 днів тому

    This month (August 2024) I canceled my credit one and fortiva account. Only lost a total of two points towards my fico score and open the citi custom cash with a $8,600 limit.

  • @MyNameJim
    @MyNameJim Місяць тому

    Chase Freedom Rise?

    • @FinanceBroseph
      @FinanceBroseph 26 днів тому

      A really solid entry level card which is good for general 1.5% cash back so really comes down to how people would spend (if they're even looking for specific earning categories)...may have to make a part 2 on this!

    • @MyNameJim
      @MyNameJim 26 днів тому

      @@FinanceBroseph I personally would still recommend the Discover It to the beginner. But if someone new to credit cards knew they were aiming for aspirational travel, the Chase would probably be better. At the end of the your first year, the Rise automatically updates to a Freedom Unlimited as well. You don't get the sign up bonus, but it's a quick way to get the Chase trifecta with fewer hard pulls. Thanks for the video, and I look forward to seeing more!

  • @MrScubastevemb2
    @MrScubastevemb2 Місяць тому

    I been an Expedia traveler for years. So this card is a no brainer for me. I'm working rewards from another card now.. This for sure is my next no fee card. How can anyone that uses Expedia pass on the $400 credit.

  • @CallMeLani
    @CallMeLani Місяць тому

    Great breakdown

  • @nelsonpineda8047
    @nelsonpineda8047 Місяць тому

    I’m tempted to get this card now

  • @Bentleythepoodle
    @Bentleythepoodle Місяць тому

    I didn’t like it. I changed back to the Rose Gold.

  • @JaredChojnacki
    @JaredChojnacki Місяць тому

    🔥

  • @travelpointsfamily
    @travelpointsfamily Місяць тому

    Not too many people talking about the Bold, but there's value there if you're not concerned with the opportunity cost.

    • @FinanceBroseph
      @FinanceBroseph Місяць тому

      Totally agree- there's a ton of value in this card (obviously less when compared to a higher Annual Fee card) and if you're just looking for a way to get into the Marriott ecosystem, is a solid option

  • @riosafado
    @riosafado Місяць тому

    dumb analysis, good luck with coupon book

  • @KieranMullen
    @KieranMullen Місяць тому

    Seriously how are they with Internet sales?

    • @FinanceBroseph
      @FinanceBroseph Місяць тому

      Great question- in Q2 2024, they reported ecommerce sales being up 20% YoY, largely driven by increased app downloads (up 32% YoY), site traffic (up 16% YoY) and overall order value (up 8%). I think that as we enter rate cycle decreases later this year and inflation (hopefully) continuing to slow, there should be more discretionary income spending, which could lead to continued growth both through ecommerce and in-store to help drive overall increase revenue.

  • @calebdoner
    @calebdoner Місяць тому

    Yeah, I'm taking investing advice from a channel called Broseph. Lol

  • @ashleybueno6527
    @ashleybueno6527 Місяць тому

    Great recommendation, will be looking into Costco more!

  • @Th33Vultur3
    @Th33Vultur3 2 місяці тому

    I would get an effective annual fee after the Dunkin, GrubHub and Uber Eats credits of $1 a year after using all the credits. The Resy restaurants where I live according to Resy on their website are all in Fort Myers. I have till next March 14 before it goes up to $325 for me as well.

  • @naveeny1
    @naveeny1 2 місяці тому

    This card is very unpredictable. I tried it on Uber even though its listed on their site as an example. It didn't work. I tried it at a nursery and steam purchase and it didn't work. It all depends on how its coded in the system. Sportsman Warehouse, Disney +, Apple TV and my hair cutter worked. I would like to use it on a ski pass, but not sure it will work.

    • @FinanceBroseph
      @FinanceBroseph 2 місяці тому

      Oh wow, sorry to hear you've run into issues!! I've seen/ read that other people are having similar issues at merchants such as Etsy which is literally listed as an example in the earning categories. It'll be interesting if they work through updating their issue or they place it fully on the merchant for how these transactions are "coded".

  • @therewardsmaster977
    @therewardsmaster977 2 місяці тому

    I have the card and the best part for me in the 2x 10k lp boost. This is the BEST card for people chasing AA status.

    • @FinanceBroseph
      @FinanceBroseph 2 місяці тому

      Card is definitely helpful for that- if I lived near a AA hub, would probably be flying them exclusively!

    • @traviselectricalservices4532
      @traviselectricalservices4532 2 місяці тому

      What is the 2x 10k lp boost ? Can you give me more detail. I live near an AA hub and only way to get cpp is the BILT card which i dont have

  • @therewardsmaster977
    @therewardsmaster977 2 місяці тому

    Good to see another new creator. Subscribed! We gotta stick together!!!

  • @Michael-Chasin
    @Michael-Chasin 3 місяці тому

    Waist of time

  • @beatingbreakeven
    @beatingbreakeven 3 місяці тому

    Just subscribed I respect the hustle. Keep up the good work!

  • @Fantasy_GAINS
    @Fantasy_GAINS 3 місяці тому

    I googled this card offer they got til 6/26, and ur channel popped up 👍Subd & Like to help the new channel

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Appreciate the support- hopefully some people were able to take advantage of the offer! 🙏

  • @MartinProsev
    @MartinProsev 3 місяці тому

    Subbed for support, love the content!

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Thanks so much for the support- really appreciate it!! 🙏

  • @handleyobusiness
    @handleyobusiness 3 місяці тому

    Debit cards only for me. Credit cards are a trap.

  • @thetechpreneur
    @thetechpreneur 3 місяці тому

    Amazing keep going!

  • @thetechpreneur
    @thetechpreneur 3 місяці тому

    looking great broseph! This is amazing and keep going!

  • @AK-xu5sj
    @AK-xu5sj 3 місяці тому

    The Gold also has a $100 credit for booking a hotel through DeltaStays.

  • @mszust775
    @mszust775 3 місяці тому

    Hi Broseph, I am currently building a portfolio and was wondering if you are interested in working together to create some great thumbnails for your channel. If it's something you'd be interested in, please let me know.

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Hey there Mateusz, thanks for reaching out. What are the next steps to connect? Can work through any perspective and insights you might have!

    • @mszust775
      @mszust775 3 місяці тому

      @@FinanceBroseph Glad to hear. Was really hoping to work together because I love the content category of your channel. Would it be possible for you to add a business email under your channel details and then send me a reply once this is added? I could then reach out by email and we can go from there.

  • @sodiumchloride8273
    @sodiumchloride8273 3 місяці тому

    These tips are for people who should not have credit cards in the first place, If you are paying interest, withdrawing cash and making the minimum payments then a credit card isn’t for you

  • @KlimentOnFinance
    @KlimentOnFinance 3 місяці тому

    Came across your profile on reddit. Watched the whole video and dropped a like (and a comment now hehe) to help this spread. You're doing a great job, hope more people get to watch educational material. Small feedback - if the camera angle can be at your eyesight level would be way better. Audio and lights are pretty good. It would really help whenever you mention a year that something happens, if the year pops up on screen. It can ease up the brain tryign to follow along with historical events and help focus on listening what you're telling us about. I'm not US based so the other credit card videos aren't relevant for me sadly. All the best! Don't stop.

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Thanks so much for the feedback- always looking for ways to better myself and provide great content to viewers! Will be definitely taking these ideas into account as I continue to create! I see you've got a video up and love the content so can't wait to see you grow more!

  • @UseYourBrain00
    @UseYourBrain00 3 місяці тому

    Thanks for the Info

  • @Just_Stevo
    @Just_Stevo 3 місяці тому

    I have the Citi Trifecta. Just got a 3 day stay in New Orleans with this card(travel portal) that ended up being cheaper than booking directly with the hotel. The 10x multiplier and $100 credit saved me about $200.

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      This is the stuff I love to see- way to optimize that!

  • @OwlternativeHistory
    @OwlternativeHistory 3 місяці тому

    my problem is that is not accepted in much places where i live

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Unfortunately, Amex pretty much outside the U.S. isn't accepted as heavily, but there are a ton of other cards out there that might give similar value!

  • @Ryan-iq2zd
    @Ryan-iq2zd 3 місяці тому

    Can you upgrade your autograph card to the Attune card? Would that be a good idea? Also, could you transfer points from your Attune card to travel partners?

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      I'm not entirely sure about upgrading from Autograph to Attune, however with some differences in earning categories and no annual fees for either both card, I honestly think it's worth to hold both. From what I've seen and others have mentioned, you should also be able to transfer rewards from Attune to Autograph and then out to travel partners...hope this helps!

    • @Ryan-iq2zd
      @Ryan-iq2zd 3 місяці тому

      @@FinanceBroseph Thanks for the feedback. I appreciate it.

  • @yurig2530
    @yurig2530 3 місяці тому

    Savor and Savor One also cover some of those categories, but not all. Attune covers everything that Savor has in entertainment category.

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Great point about Savor and Savor One- those are both solid cards but to get the 4%, Cap1 charges $95 AF, whereas Attune is $0 and a great catch-all card. Thanks for the comment!

  • @yurig2530
    @yurig2530 3 місяці тому

    You should be able to transfer cashback from this card to Autograph points, and then to transfer partners.

  • @JJ-ei8po
    @JJ-ei8po 3 місяці тому

    Being i a united hub like myself (IAH). Do you hold a united card. Which and Why?

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Hey there- great question! Also in a United Hub (EWR/ IAD) so I have the United Gateway ($0 annual fee/ 2x transit and commuting)...unlocks lower award travel, usually ~20% so when booking in general, can maximize value of miles. Will look to likely cancel my Amex Green with the Gateway and have Amex Platinum to access lounges around (easy enough to switch between terminals in Houston/ Dulles, not so much EWR). That being said, will likely open the United Explorer later this year for free checked bags and 2 club passes (at least $120 in value) for only $95 AF waived first year. Hope this helps!

  • @ashleybueno6527
    @ashleybueno6527 4 місяці тому

    Grey insight! You say the card is a little bit on the higher end,, is there another card to consider with similar benefits with lower annual fee ?

    • @FinanceBroseph
      @FinanceBroseph 3 місяці тому

      Thanks for the great question! Another card with similar benefits (travel credit, lounge access, etc.) would be the Capital One Venture X. With an annual fee of $395, it is a great middle of the ground card for semi-frequent travelers. Definitely worth a look!

  • @alrocky
    @alrocky 4 місяці тому

    S&P 500 VOO is subset of and represents ~75% of VTI, very similar in many respects including long term returns and almost interchangeable so no strong rationale to hold both within same account. VUG is essentially the Growth half or 50% of VOO.