6 Middle Class Money Traps You Need to AVOID (Financial Minimalism)

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  • Опубліковано 24 жов 2024

КОМЕНТАРІ • 15

  • @wealthhacker
    @wealthhacker 20 днів тому +1

    2:38 this still gets me!

  • @forrestwalker5186
    @forrestwalker5186 20 днів тому +2

    Great content! Thanks for being bold enough to bring out the student loans scam! It’s definitely possible to get a degree with no students loans. I’m halfway through my degree with no debt.

    • @forrestwalker5186
      @forrestwalker5186 20 днів тому

      I definitely think a full video about that is a great idea

    • @thefrugalrich
      @thefrugalrich  20 днів тому

      Heck yeah! You just gotta take your time 🧠

  • @jasonstrange4196
    @jasonstrange4196 20 днів тому

    I love my credit card. Free rewards and continued existential dread every time I make a purchase. I put way more thought into what I buy with it. Been thinking about getting a fidelity visa though so the rewards go directly into an investment account.

    • @thefrugalrich
      @thefrugalrich  20 днів тому

      Why the existential dread every time? 😆

    • @jasonstrange4196
      @jasonstrange4196 20 днів тому

      @@thefrugalrich I use the fear of high interest debt to limit dumb spending is all. So a side effect

  • @sp3z197
    @sp3z197 19 днів тому +3

    where does your 12% average come from? wtf

    • @stevenlaverty8044
      @stevenlaverty8044 19 днів тому

      Same wheres that historic return coming 😂 can't be factoring inflation either

    • @thefrugalrich
      @thefrugalrich  18 днів тому +1

      Average return of the S&P 500 over the last 10 years. And if you’re invested in a good growth stock mutual fund, it could even be higher. I’m no investment expert (currently working towards my Series 65), but this is definitely a return that has been achieved over the last 10 years from very amateur and noobie investors. Either way, even if you want to go more conservative at 6-8% you’re still making a great decision compared to spending on lottery tickets.

    • @sp3z197
      @sp3z197 18 днів тому

      @@thefrugalrich solid answer, thanks

    • @thefrugalrich
      @thefrugalrich  18 днів тому

      @@sp3z197got you!

  • @TNguyenCoaching
    @TNguyenCoaching 20 днів тому

    SOLID! I like it 👌