generally i find most folks i have spoken to about their savings and investments are clueless about any details of their holdings,whether it's tax efficient,it's performance against it's benchmark or index,fees,risk, or any level of competence to self manage. I have a 65 year old nephew who asked me last week if he had $10,000 is a CD a good investment or a retired friend last year who took money earning 8% to pay off a 1.12% mortgage loan. I did my best to educate them and be helpful. Thanks to you,Clark, and a former radio show host Bob Brinker (RIP) I also listen too for 37 years, I now live in the land of critical mass since retiring 6 years ago.
Clark, here's the advice that made me realize the importance of accepting compliments... When someone gives you a compliment, it may be the only thing they have to give - it's a gift - so recognize every compliment with an expression of thanks! It doesn't mean you necessarily agree with their opinion, but saying THANK YOU means you acknowledge the gift. On the flip side, responding to a compliment (ie, "I love your shirt!") with a denial ("This old thing?") rejects their gift, insults their opinion, and squashes their kindness. Don't be that guy. Just say thank you.
*I'm retired at 47, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest partner and 35k biweekly and a good daughter full of love ❤*
When I ask people what their retirement savings is invested in. Answer often is: An IRA or 401K. Folks those are shells that hold the money. Those are not investments. Know what you're doing. Remember: "Money Doesn't Grow on Fees."
I'll give props to Texas for having the "Power to choose" your power company. It has allowed me to shop around for the lowest rates and know the length of the rates. The only concern is if they all decide to raise their prices.
PA does .. I check it every few months Lock in a rate in early October … minimum 6 months gets you thru the winter … Then again in April or early may before summer air conditioning kicks in At times I’ve locked in for 24 months because rate was so good
@@MB-uy5khReview Power 2Choose and review the different companies and how much the charge per kWh. Know what are prime hours. Know if there are additional fees. Do your homework.
I left my job 15 years ago and I just moved the money from the 401K to. Fidelity and vanguard. Invested in their top index funds, like you recommended.
There was just very recently an announcement that a very large database/broker that kept large amounts of medical records for many healthcare businesses got hacked. Possibly some months before the announcement was made. So records that your doctor or a hospital have on your health or your identity for billing are not very secure.
I have VSP for vision insurance. VSP don't provide member number. Instead VSP asking members to provide their SSN, Home address, telephone number, employment details, family member details, DOB, and so on to access any service from any facility. This facilitates easy to hackers to seal private information and easy for identity theft.
I agree; however, I shop at Shoprite in NYC. Their receipts are so convoluted that I always have to go home and set up an Excel spreadsheet to check to see if I've gotten the correct price/discount. Then, if something is incorrect, I have to go back to Customer Service at the store. Stop N Shop down the block is more expensive - although they sometimes have good promos. Because of their inflated prices, I only shop their sales, but their receipts tell you exactly what you paid unlike Shoprite!
I'm don't consider myself financially savvy but I'm far from finacially uninformed compared to many people I've personally worked with. I was older than most before i got my first pensioned job. Unfortunately, 6 mo after i got that job...the dropped pensions and went with 401k! Boy, did i jump on it because I knew i needed something to supplement SS due to low wages for many years! I was amazed at the number of people that wouldn't participate (both then and now!) 7 years into that job the company sold. The first thing i did was put that 401k into a IRA...no way I was leaving it there! Ive had 3 other places of employment with 401k and did the same...rolled them over. Even though i really didn't know what i was doing I did know I was not leaving a nickel in the control of any hands connected to a past employer! I still marvel in amazement at all the people that refuse to take advantage of 401k! That company match is free money in my pocket and i value it!
Citizens insurance has just dropped 200,000 people in Florida. Does Santa's pass legislation which is trying to force most homeowners into other third-tier insurance providers
Good luck trying to slip the toothpaste into your pocket at Costco! The quantities you buy there are so large that you'd have to have awfully large pockets.
Some have Our district in pa actually had a watered down personal finance course for 8th graders and a financial literacy required course foe 11th as graduation requirement
people complaining about 7% home loans dont remember it was about the same in 2000 when i bought my first home at 8% (two years later i did a refit from 30yr to 15yr at 6.5% and the payment barely went up and it was paid off in 2017 after other refis at 4.37%) ... or that they were 18% in the early 1980's when my parents bought their first home ... 7% is average or below over 50 years ... people just dont know history
Ok,we have a 401k and my husband has been retired 3 years. We had to take minimum payouts. Now the company is being sold. We like the 401k we are in,but should we roll it over or leave it there?
Risk going to jail to work for free in the grocery store. You’re taking the job of the bagger and cashier. Do what we did in the past: get the receipt and go over it before leaving the store. Save a job and don’t end up being branded a shoplifter.
Although I prefer to have a human check out my purchases, at least the self checkout kiosk says THANK YOU, as opposed to the human bar code scanner personnel who simply throw the receipt and change at me with a HERE YOU GO. Customer service agents should always close the transaction with a heartfelt THANK YOU, as in “thank you for shopping here so that I have a job”.
Clark clearly does not understand the utility business and asking for deregulation would be a disaster for ratepayers in GA. The free market is a good thing but a kWh is not the same as a hot dog. You can choose where to go to get your hot dog but the wires connected to your home are set. If you choose to buy power from another entity other than the connected utility, there is a mark up. Deregulation is a guaranteed mark up on all power purchased. GA has some of the lowest rates because we're NOT deregulated.
I can't say enough good things about Clark! Thank you for the great financial advice that you've been giving since I started listening to and watching you for the past 30 years. You are a Rock Star!!
Please explain why there’s web site advertising and a host you use who was a founding member of Truth Social, which is extremely negative and spreads rumor that harms people. Why mix politics and financial advice.
Sorry Clark. I watch your videos several times a week and have received good information. But.....to think that a person using self checkout at a grocery store, with 15 or 20 items, is going to recognize that the item scanned has the same price as on the shelf, is believing in the tooth fairy. Maybe one or two, but not the whole shopping package. Same with watching your items being scanned by a checkout clerk. You might notice a glaring discrepancy, but that is all.
I do the grocery shopping for my family, generally, and I know how much stuff costs. And I check it when I scan. You just have to use your memory for this, and it's honestly now worth it for some people. And that's OK.
Speaking of the Atlanta Falcons, I recently heard a bit of NFL news here in Wisconsin, home of the Green Bay Packers. It seems that every year the governor of the state of Iowa sends a letter to NFL Commissioner Roger Goodell making the case for Iowa to get an NFL franchise and every year the NFL turns Iowa down, and it's always for the same reason: "If we give Iowa a professional football team the next thing you know Georgia is going to want one, too."
Agreed. I immediately moved a reasonable amount of my money into CDs and parked it there once I realized that maga was going to take over the country. And the seniors who voted for these people do not understand that social security is number one on the target list. I'm not implying it. They said they've always wanted to get their hands on it and if they get both sides of the house, it will only last a short period of time.
Highly ignorant comment. You don’t want to make America great again? Then move to Canada. Y’all lost, thank God. Tough shiskitsky. I tolerated Obama and Biden for 12 years. Now it’s your turn to cry.
We thought we got rid of the coupon clipping lady holding up the line. We now have Clark holding up the line at the self checkout checking prices on every item he scans.🥱😡🤬
generally i find most folks i have spoken to about their savings and investments are clueless about any details of their holdings,whether it's tax efficient,it's performance against it's benchmark or index,fees,risk, or any level of competence to self manage. I have a 65 year old nephew who asked me last week if he had $10,000 is a CD a good investment or a retired friend last year who took money earning 8% to pay off a 1.12% mortgage loan. I did my best to educate them and be helpful. Thanks to you,Clark, and a former radio show host Bob Brinker (RIP) I also listen too for 37 years, I now live in the land of critical mass since retiring 6 years ago.
Clark, here's the advice that made me realize the importance of accepting compliments... When someone gives you a compliment, it may be the only thing they have to give - it's a gift - so recognize every compliment with an expression of thanks! It doesn't mean you necessarily agree with their opinion, but saying THANK YOU means you acknowledge the gift. On the flip side, responding to a compliment (ie, "I love your shirt!") with a denial ("This old thing?") rejects their gift, insults their opinion, and squashes their kindness. Don't be that guy. Just say thank you.
Thank you! 💚
*I'm retired at 47, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest partner and 35k biweekly and a good daughter full of love ❤*
When I ask people what their retirement savings is invested in. Answer often is: An IRA or 401K. Folks those are shells that hold the money. Those are not investments. Know what you're doing. Remember: "Money Doesn't Grow on Fees."
I have never seen a utility deregulation that has ever resulted in lower rates for customers.
I'll give props to Texas for having the "Power to choose" your power company. It has allowed me to shop around for the lowest rates and know the length of the rates. The only concern is if they all decide to raise their prices.
PA does .. I check it every few months
Lock in a rate in early October … minimum 6 months gets you thru the winter …
Then again in April or early may before summer air conditioning kicks in
At times I’ve locked in for 24 months because rate was so good
Agreed.
@@pereztango2840 I live in Texas and electricity rates are higher and higher each time I have to renew my contract. 😢
@@MB-uy5khReview Power 2Choose and review the different companies and how much the charge per kWh. Know what are prime hours. Know if there are additional fees. Do your homework.
I left my job 15 years ago and I just moved the money from the 401K to. Fidelity and vanguard. Invested in their top index funds, like you recommended.
There was just very recently an announcement that a very large database/broker that kept large amounts of medical records for many healthcare businesses got hacked. Possibly some months before the announcement was made. So records that your doctor or a hospital have on your health or your identity for billing are not very secure.
Yes, I got a letter to let me know my PCP was part of the data breach.
Love Clark!!
I have VSP for vision insurance. VSP don't provide member number. Instead VSP asking members to provide their SSN, Home address, telephone number, employment details, family member details, DOB, and so on to access any service from any facility. This facilitates easy to hackers to seal private information and easy for identity theft.
Always check your receipts before you leave the store!
I agree; however, I shop at Shoprite in NYC. Their receipts are so convoluted that I always have to go home and set up an Excel spreadsheet to check to see if I've gotten the correct price/discount. Then, if something is incorrect, I have to go back to Customer Service at the store. Stop N Shop down the block is more expensive - although they sometimes have good promos. Because of their inflated prices, I only shop their sales, but their receipts tell you exactly what you paid unlike Shoprite!
I'm don't consider myself financially savvy but I'm far from finacially uninformed compared to many people I've personally worked with. I was older than most before i got my first pensioned job. Unfortunately, 6 mo after i got that job...the dropped pensions and went with 401k! Boy, did i jump on it because I knew i needed something to supplement SS due to low wages for many years! I was amazed at the number of people that wouldn't participate (both then and now!) 7 years into that job the company sold. The first thing i did was put that 401k into a IRA...no way I was leaving it there! Ive had 3 other places of employment with 401k and did the same...rolled them over. Even though i really didn't know what i was doing I did know I was not leaving a nickel in the control of any hands connected to a past employer! I still marvel in amazement at all the people that refuse to take advantage of 401k! That company match is free money in my pocket and i value it!
Private pensions yes, gov or state are more solvent ie fla due diligence
Love the show! Would you do a back to basics on retirement? Different strategies, what to do with money, housing, lowering costs, etc...
Citizens insurance has just dropped 200,000 people in Florida. Does Santa's pass legislation which is trying to force most homeowners into other third-tier insurance providers
Good luck trying to slip the toothpaste into your pocket at Costco! The quantities you buy there are so large that you'd have to have awfully large pockets.
😂
I wait all week with anticipation of Clark Stinks. It’s entertaining and informative
Thank you Team Clark.
Schools need to drop Shakespeare and add Personal Finance yearly starting in 8th grade.
💯
Some have
Our district in pa actually had a watered down personal finance course for 8th graders and a financial literacy required course foe 11th as graduation requirement
They dropped Shakespeare a generation ago.
Beware, some person finance curricula were developed by credit card companies. They’re designed to encourage the use of debt. 🙄
people complaining about 7% home loans dont remember it was about the same in 2000 when i bought my first home at 8% (two years later i did a refit from 30yr to 15yr at 6.5% and the payment barely went up and it was paid off in 2017 after other refis at 4.37%) ... or that they were 18% in the early 1980's when my parents bought their first home ... 7% is average or below over 50 years ... people just dont know history
Agreed. At 7% loan at the first time I bought a house would have been a pleasure. I remember my first lonely being about 9 and a half percent.
10.75 mortgage when Carter was in the WH...that wasnt any fun whatsoever
1998 same .. refinanced twice, after 9 years to a 15, then 2 years to a 10, had rates under 4%…… basically paid off a 30 in 19
I watch the checkout screen like a hawk. I saw a GROSSLY inaccurate price yesterday. I made them rescan. It happens to me often.
Ok,we have a 401k and my husband has been retired 3 years. We had to take minimum payouts. Now the company is being sold. We like the 401k we are in,but should we roll it over or leave it there?
Vanguard
I could answer those questions blindfolded with one hand tied behind my back.
Clark's Great!
Thanks Clark & Team!
Risk going to jail to work for free in the grocery store. You’re taking the job of the bagger and cashier. Do what we did in the past: get the receipt and go over it before leaving the store. Save a job and don’t end up being branded a shoplifter.
Although I prefer to have a human check out my purchases, at least the self checkout kiosk says THANK YOU, as opposed to the human bar code scanner personnel who simply throw the receipt and change at me with a HERE YOU GO. Customer service agents should always close the transaction with a heartfelt THANK YOU, as in “thank you for shopping here so that I have a job”.
Another great show Clark! Friday shows are my favorite!
Great show 😊
Clark clearly does not understand the utility business and asking for deregulation would be a disaster for ratepayers in GA. The free market is a good thing but a kWh is not the same as a hot dog. You can choose where to go to get your hot dog but the wires connected to your home are set. If you choose to buy power from another entity other than the connected utility, there is a mark up. Deregulation is a guaranteed mark up on all power purchased. GA has some of the lowest rates because we're NOT deregulated.
The government gave Tesla a half billion loan for EV. That is not free market.
How much did the give some of those solar panel companies
Lots more … money gone, nothing left, fraud
Sorry, i must disagree in a large way with the guy who was singing the praises of regulations.
I can't say enough good things about Clark! Thank you for the great financial advice that you've been giving since I started listening to and watching you for the past 30 years. You are a Rock Star!!
The dude is always repeating himself. And lecturing low i.q sheep. Like ppl.
“The first I’ve heard of it”, the credit union rep’s response to why the credit union credit card APR was so high😂😂. Classic 😮😮
Please explain why there’s web site advertising and a host you use who was a founding member of Truth Social, which is extremely negative and spreads rumor that harms people. Why mix politics and financial advice.
Sorry Clark. I watch your videos several times a week and have received good information. But.....to think that a person using self checkout at a grocery store, with 15 or 20 items, is going to recognize that the item scanned has the same price as on the shelf, is believing in the tooth fairy. Maybe one or two, but not the whole shopping package. Same with watching your items being scanned by a checkout clerk. You might notice a glaring discrepancy, but that is all.
Agreed.
I do the grocery shopping for my family, generally, and I know how much stuff costs. And I check it when I scan. You just have to use your memory for this, and it's honestly now worth it for some people. And that's OK.
Most people may not notice if something is a few cents off; but if items are a few dollars off, anyone who is paying attention will notice. 💚
Clark is so cheap yet he claims he doesnt mind paying extra on his tax. I cant believe him.
Stop opening new credit accounts. You need none.
Clark- what cards do you keep in your wallet? I must have missed that show. Thanks!
These are the credit cards in Clark's wallet 💚
clark.com/credit-cards/clark-howard-favorite-credit-cards/
Speaking of the Atlanta Falcons, I recently heard a bit of NFL news here in Wisconsin, home of the Green Bay Packers. It seems that every year the governor of the state of Iowa sends a letter to NFL Commissioner Roger Goodell making the case for Iowa to get an NFL franchise and every year the NFL turns Iowa down, and it's always for the same reason: "If we give Iowa a professional football team the next thing you know Georgia is going to want one, too."
😂😂😂
Lol. We love our Falcons
Retirement is a joke now. MAGA will destroy it. America is over.
Facts.
Agreed. I immediately moved a reasonable amount of my money into CDs and parked it there once I realized that maga was going to take over the country.
And the seniors who voted for these people do not understand that social security is number one on the target list. I'm not implying it. They said they've always wanted to get their hands on it and if they get both sides of the house, it will only last a short period of time.
I hope not maybe he’ll end up going to prison 🤔
Highly ignorant comment. You don’t want to make America great again? Then move to Canada. Y’all lost, thank God. Tough shiskitsky. I tolerated Obama and Biden for 12 years. Now it’s your turn to cry.
@@Rashad3000America may collapse due to lack of critical thinking skills.
First!
🥇💚
No reason for that FSA.
Please play Breaking the Law by Judas Priest for Clark and tell him it's the new show intro! 😂
We thought we got rid of the coupon clipping lady holding up the line.
We now have Clark holding up the line at the self checkout checking prices on every item he scans.🥱😡🤬
😂🤦♂💚
Probably writing a check to boot! Just kidding Clark!
@@chrisforker7487 😂💚
Exactly why those things are entirely useless. Horribly slow and ridiculously inefficient. They can't disappear fast enough.
@retired8484
Not going away but taking over everywhere we buy things. The cashiers will be going away.