As a recovering compulsive gambler, a lot of this is incredibly painful. I'm just grateful that I was able to get into recovery. I haven't gambled since 2008. It was a long road for me to get back to financial health, but am grateful I am where I am.
If anyone was wondering about the Bet. As Bo said- Nope. Chase caught 177 yards and 2 TDs, so Burrow and Chase hit. Buttttttt, Cooper Rush only threw for 183 yards in that Bengals and Cowboys game. He did not win that parlay and it was not, in fact, "the easiest bet ever".... 17 yards shy and RIP the dream.
That 200k in negative equity on a car really hurts. To be able to get a loan on a car like that, the guy must have been making a lot of money. He could have very easily afforded a very nice car with just cash. But he had to stretch himself, and now is drowning in payments.
Buying a new car isn't a mistake unless you bought the wrong car. I bought a new Corolla, paid cash, and I've been driving it for 15 years. I'm going to try driving it for another 5-10 years.
Agree. We bought a demo Toyota RAV4 - so a few dollars less than brand new. It was expensive in terms of a depreciating asset. But similar to yourself, 15 years later and approaching 250,000 kilometres, we’ll be driving and enjoying it for many years to come.
good on you for paying cash , but most dont when they "buy" a new car ... they finance 100% of the car for 5-8 years , which is always a mistake , no matter the car
Former Minnesota Vikings star running back Adrian Peterson earned more than $100 million in his NFL career from 2007 to 2021. But he still is in massive debt estimated at more than $12 million. And now a judge in Houston has issued an order for him to turn over numerous assets to help pay it back.Sep 10, 2024
I love that the football bet didn't hit. Hopefully he learned his lesson (I know he didn't). I think Sports Gambling is the Cigarettes of the 2020s, we're all going to look back and wonder how the hell we let it happen.
I thought he said he bet on Joe Burrow to throw 200 yards at first, and I was like "TBH, that is a pretty safe bet." But then I realized it was Cooper Rush he bet on... Oof.
My biggest money mistake was similar to the solar panel story. I financed half the purchase of a new HVAC system for my home at a total cost of around $30,000. The main reason I spent so much was it was promised to be much quieter than the one costing 15,000 which was my original budget. I got a 0% financing deal which I successfully navigated but if I had not, the APR was 27%. Overall, I believe that my family and I have spent way too much on home improvements over the last few years, and I am hoping it stops this year. I will not be encouraging any more expensive additions or upgrades to this property. It is serving us fine.
Gambling addiction with younger men is getting pretty insane. I believe gambling should be legal country wide, but online gambling just makes it too easy. If you physically have to go into a casino then at least theres a small barrier around the addiction.
I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week . I started with 3k last week now I just hit $12,590…
My biggest financial mistake was probably just buying a 600$ 16 track recorder when I was about 20 or so, but I liked recording music. Really haven't made too many financial mistakes beside maybe buying some subwoofers in the past, but I also learned a lot as I built my own subwoofer box, wired my car myself, etc. Didn't affect me too much overall. I never got into debt besides my mortgage, paid cash through college until I was getting scholarships.
I am so grateful for this channel and its resources! It’s helped me to make wise educated choices. In another year or two I will be hiring Beau and Brian on that next big step in my journey and I can’t wait!
Quick fix is never the best option in building wealth. A well laid out financial plan does. Thanks for featuring Katherine Ann McGrath in one of your episodes. I took your advice and connected with her for investment and budgeting opportunities. The results have been incredible. Started with slightly less than $40k, and now I’ve paid off my $529k loan in 6 months. Now totally debt free with 2 paid off rentals, having no debt for the last 12 months. My stock portfolio now is way over $850k. Thank you Katherine Ann McGrath!
Just another similar commendation on her expertise, I saw the interview and immediately I knew she was financially intellectual as said. She's is quite exceptional person and great in her field of financial services. Highly recommended!
That’s an impressive investment success! I have followed this channel for a while and they put out amazing financial informations. How can I look up the stated expert which they recommend?
@@MesiahCyru I just found her on the web and I'm impressed. I've scheduled with her too. You were right, her consulting page ranked top Thanks for this lead.
$200k debt in car is a nightmare. As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400K from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Sports gambling is truly terrible. It's become far too easy and young men are losing obscene amounts of money. Gambling through your phone is a terrible idea and is like the easy method to cultivating addiction. Of course rich people walk... they live in walkable communities (most of the expensive cities/neighborhoods in this country are walkable, at least compared to the average suburb). I definitely believe the Vinwiki guy too, I'm not a huge fan but he definitely knows exotic cars.
Biggest money mistake: a $3k vacuum cleaner. This was around, eh, 2005. I had just bought my house in the last year, I was feeling like I had a good handle on this adulting thing (I was 24) & door-to-door vacuum cleaner salesmen showed up at my door. I'd never seen actual real-life traveling salesmen & felt too polite to tell them I didnt want a demonstration. They got me with "low monthly payments" worksheet & I wasnt experienced enough to know you need to ignore the monthly and look at the big picture. Now granted, the fact that this happened saved me when a couple years later I went to buy my first new car & BY THEN knew to ignore the dealer's worksheet & stick to my overall budget instead of getting hung up on monthly payments, aaaaaand that stupid vacuum is still working 20 years later, but I still cringe thinking what could have happened to that $3k if I'd invested it.
20 years later you have got a good vacuum still though , and it probably saved you more than 3K on getting screwed on a car later , so id keep the "glass half full" outlook on it buddy😊
Solar panels can (depending on where you live) be financially a good long-term idea. If you live in a sunny area with tax breaks from your government and your electricity provider gives variable rates, then you can easily make your money back in 10 years or so, and start making a profit after that. But yes, definitely do not take out a loan to do this 😂
I have to put premium fuel in my car, but it’s nowhere close to luxury- I bought it last year, new, for $30,810. I didn’t exactly follow 20-3-8, it was more like 17-4-7 with $100 extra principal payments each month
Building wealth is simple, the priniciples are simple. But it is also boring and takes a tremendous amount of self discipline to execute. People are blinded by the exciting opportunities and lack the discipline to do the boring thing over the long term and basically ignore the money in their investment account for a long period of time.
For the Ferrari SF90 around 4:29, here's some context. For the past 10-15 years, Ferrari's over $400k or so wouldn't lose money. People would buy them and they'd appreciate in value. Combine that with the pandemic and used car prices, expensive Ferrari's were seen as investments (and some did make good money). But then Ferrari made too many nice cars and too many people speculated on them. Combine that with used cars returning to normal, depreciating behavior, put this guy way under water. Expensive luxury and sports models, and electric cars are taking it the worst.
During Covid, my husband saved his spending money to purchase a used motorcycle. I used my spending money to buy penny stock. My spending money is for things like coffee and a movie so it’s money that just would’ve been used up. It is not my investing money. I had a great deal of fun messing with those penny stocks since I couldn’t go anywhere anyway. when Covid was over, I didn’t buy anymore of course 99% were absolute dogs and went straight to zero but one percent are actually chugging along to be listed on the stock exchange of course I never stopped my regular retirement investing so to me, this was just like going to a casino. It was my throw away entertainment money only my actual retirement is where my future finances are😊
Just for everyones information on how bad Adrian Peterson is with money. Even though he earned 100s of millions of dollars during his pro career (not including all of his endorsement deals) his net worth currently is estimated to be 1 million. Which that is highly suspect since recent reports from September say he owes a 12.5 million dollar lawsuit debt where they are seizing and selling some of his assets. So yeah, great football talent. HORRIBLE with money!
I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week. i started with 5k in last week 2025.... now i just hit $32,590
How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, l want to retire in a few years and I need a better diversification
I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
7:58 dude is there with that haircut , in his pajamas and crocs , with a fresh baby to put down $499 so he can finance a 6 year old Mercedes ... this scenario seems legit ... sadly
Now I'm gonna disagree on one thing yall went over here and that was financing a bed. Good beds you're gonna get 0% interest over 5 years loan, 100% of the time. You spend a third of your life in bed sleeping. This is like the first thing I recommend splurging on cause quality sleep will improve your overall life like nothing else. Good beds will last over 10 years too so it's not like it's going anywhere soon.
@classicsciencefictionhorro1665 as someone that tested beds for months prior to deciding to get my 4k bed I can tell you it was worth every penny. If you find a bed that is the best for you at a couple hundred by all means go for it. Those didn't work for me though. Definitely don't do a major purchase on a whim though, genuinely give the beds a try and find what's best for you.
I comment this on all their videos mentioning 20/3/8 for cars. That worked pre-covid but the market changed and I think it needs to be reviewed. A more reasonable structure now would be 20/5/6. Here is some math for example. If you make 50k their rules would be a max payment of $333/m, with 20% down this means the max car loan is $11,100 assuming a 5% interest rate and a car value of $13900. This is not impossible to find in some areas of the country but your looking at something 60k+ miles in general and statistically the average car runs for 150k miles before repairs are needed in excess of what return those repairs have. With 20/5/6 assuming the same factors that would be a loan maximum of $250/m giving the person more freedom to invest/save. This would be a loan of $13,300 so we're not talking about a significant increase and a car maximum value of $16,600. You are adjusting to current market prices more and allowing for options that will last a few more years for a nominal increase.
“Nobody cares what you drive” isn’t always true. As a car enthusiast myself, I appreciate people that drive cars that they’re passionate about. However, absolutely do not finance your way into a car you actually can’t afford. Great financial advice, but driving a cool car isn’t bad as long as you can afford it.
Brian, study Bitcoin. Everything else is noise. Don’t do ETFs, buy and own the real thing. You have an open mind, start with The Bitcoin Standard. You and Bo are amazing 👍🏽
13:01 Can’t advocate for anything but Bitcoin, volatility is exactly what you want for a long term out look. Why do I want 10% in the S&P minus 7% monetary inflation when Bitcoin doesn’t have an erosion… investing in anything but bitcoin literally doesn’t make any sense. Every other asset priced and bitcoin goes to zero against it, it’s only a matter of when.
Financing a car is not that bad. The car she bought. MSRP was a 50k difference from the base model, to the highest trim. We don't know their income. Solar panel can pay off. We don't know what how much they were paying for power before. And how much they are paying for the loan.
@@saulgoodman2018 My point is why should I or anyone listen to someone’s opinion on financial choices when you haven’t proven that you have a good handle and are successful with your financial decisions?
@@dog7881 So I have a different opinion, and not millions of dollars. And you complaining? You don't know what my finances are. But I know it's better then yours.
Investing money into an appreciating asset (stocks, real estate) earns compound interest. Borrowing money to buy a liability which declines in value over time (a car) destroys wealth. It's anti-investing, it's negative compound interest. So no, it's a terrible decision financially in all cases. There aren't any exceptions. There are times where for lifestyle reasons you need to get a loan to buy a car. I get it. I've been there in the past. You don't have the cash for a car but you've still gotta get to work, right? But you're lying to yourself if you think you need a brand new Jeep Cherokee to get from point A to point B. Nobody NEEDS that. It's also not a reliable, long lasting vehicle on average. So the ownership costs are high too. We didn't even get into opportunity costs. Know what you can't do with the $700/month you spend on a car payment? Save or invest it.
but hopefully they kept you from getting scared and selling in a very bad market ... i dont advocate for advisors using AUM fees , but more people lose money doing it DIY and getting scared and selling at the bottom than from having an advisor and paying AUM fees ... most people are simply not built for buy-n-hold and dont figure it out until the market drops 20 , 30 , or 40% and they bail out and lose big ... too many people fool themselves into thinking "i got this" when its all going up or smooth and level , but when the $hit hits the fan they find out otherwise 😂
If Brian Thompson was not walking with the plebs, he would be alive today. Walking is for poor people and criminals. Wealthy people don't walk in public.
As a recovering compulsive gambler, a lot of this is incredibly painful. I'm just grateful that I was able to get into recovery.
I haven't gambled since 2008. It was a long road for me to get back to financial health, but am grateful I am where I am.
If anyone was wondering about the Bet. As Bo said- Nope.
Chase caught 177 yards and 2 TDs, so Burrow and Chase hit. Buttttttt, Cooper Rush only threw for 183 yards in that Bengals and Cowboys game. He did not win that parlay and it was not, in fact, "the easiest bet ever".... 17 yards shy and RIP the dream.
That old saying... "A fool and his money are soon parted".....
So true!
For those of us on normal salaries, monitoring your expenses is crucial.
That dude roasting that walking family HAS to be satire 🙏😆
Either that or he is trying to sell a course. 😄
I had no idea a car could even cost half a million $, so the luxury-ness would be lost on me if I knew someone who drove a car like that. 😂
Most cars up in that price range are more performance focused cars than luxury.
Look up pagani
Lambos can costs millions.
There are even 2 million dollar cars
Unfortunately a lot people buying those cars, finance them without being able to buy outright
7:00 AP is in MASSIVE debt these days and made 100 million in his career. So he blew his entire careers salary away with poor financial choices.
He's also a domestic abuser...
$200K negative equity on a car?!? That’s not a financial mistake, that’s a financial horror movie. 🚨🔥
That 200k in negative equity on a car really hurts. To be able to get a loan on a car like that, the guy must have been making a lot of money. He could have very easily afforded a very nice car with just cash. But he had to stretch himself, and now is drowning in payments.
This show has inspired me to start school for accounting. Cash flowing it, only taking what I can afford (mentally and financially) per semester
Buying a new car isn't a mistake unless you bought the wrong car.
I bought a new Corolla, paid cash, and I've been driving it for 15 years.
I'm going to try driving it for another 5-10 years.
Agree. We bought a demo Toyota RAV4 - so a few dollars less than brand new. It was expensive in terms of a depreciating asset. But similar to yourself, 15 years later and approaching 250,000 kilometres, we’ll be driving and enjoying it for many years to come.
This car is a really great SUV in general. Toyota also has great reputation@thetwowheeledintrovert3367
good on you for paying cash , but most dont when they "buy" a new car ... they finance 100% of the car for 5-8 years , which is always a mistake , no matter the car
Former Minnesota Vikings star running back Adrian Peterson earned more than $100 million in his NFL career from 2007 to 2021. But he still is in massive debt estimated at more than $12 million. And now a judge in Houston has issued an order for him to turn over numerous assets to help pay it back.Sep 10, 2024
pretty sure bro has multiple kids tooo that are all with different mommas which are all bad financial decision
😮
😂😂😂 no pitty for such a moron
He also beat his kids.... Stand up guy!
Bad decisions is one thing, but STUPIDITY is a whole different ball game.
“The premium version of walking” sent me 🤣
I love that the football bet didn't hit. Hopefully he learned his lesson (I know he didn't).
I think Sports Gambling is the Cigarettes of the 2020s, we're all going to look back and wonder how the hell we let it happen.
It’s disgusting how many celebrities are endorsing these sports gambling companies.. but that’s America - financial predators are everywhere
I thought he said he bet on Joe Burrow to throw 200 yards at first, and I was like "TBH, that is a pretty safe bet." But then I realized it was Cooper Rush he bet on... Oof.
But that guy is just clout chasing... Probably justifying the loss as an investment for clout in his eyes.
@@clee3352 It's the same in Europe, or at least in some European countries, professional athletes in the sports betting ads...
@@emoney1231 Joe Burrow would never have a passing yards line that low hahaha
Betting your car on a 3 leg parlay is INSANE
My biggest money mistake was similar to the solar panel story. I financed half the purchase of a new HVAC system for my home at a total cost of around $30,000. The main reason I spent so much was it was promised to be much quieter than the one costing 15,000 which was my original budget. I got a 0% financing deal which I successfully navigated but if I had not, the APR was 27%. Overall, I believe that my family and I have spent way too much on home improvements over the last few years, and I am hoping it stops this year. I will not be encouraging any more expensive additions or upgrades to this property. It is serving us fine.
Including Cooper Rush throwing for 200 yards is horrific
I am so excited for this episode Brian!
I'm SOOO excited to comment on your comment.
@@ltdan-117I’m excited too
watching this on my second monitor while working while walking on a treadmill *sharp inhale
Chase and Burrow hit on that bet, but Cooper Rush had 183 passing yards. guess that guy didn't go back and get that BMW...
The dude saying the comments were scamming him was probably listening to bots
Gambling addiction with younger men is getting pretty insane. I believe gambling should be legal country wide, but online gambling just makes it too easy. If you physically have to go into a casino then at least theres a small barrier around the addiction.
Online sports betting I'd the problem. In the old days addicts just had to stay out of the casinos. Now days you also have to stay off your phone
@@thedude5040 They target young non-college educated men.
As someone who is Gen Z, my philosophy is I only gamble in a casino. I would lose way too much money if I gambled on sports online lol
i really enjoy your analysis videos; they are both interesting and practical
I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week . I started with 3k last week now I just hit $12,590…
My biggest financial mistake was probably just buying a 600$ 16 track recorder when I was about 20 or so, but I liked recording music. Really haven't made too many financial mistakes beside maybe buying some subwoofers in the past, but I also learned a lot as I built my own subwoofer box, wired my car myself, etc. Didn't affect me too much overall. I never got into debt besides my mortgage, paid cash through college until I was getting scholarships.
I am so grateful for this channel and its resources! It’s helped me to make wise educated choices. In another year or two I will be hiring Beau and Brian on that next big step in my journey and I can’t wait!
Goodmorning Money Guys!
Quick fix is never the best option in building wealth. A well laid out financial plan does.
Thanks for featuring Katherine Ann McGrath in one of your episodes. I took your advice and connected with her for investment and budgeting opportunities.
The results have been incredible. Started with slightly less than $40k, and now I’ve paid off my $529k loan in 6 months. Now totally debt free with 2 paid off rentals, having no debt for the last 12 months. My stock portfolio now is way over $850k.
Thank you Katherine Ann McGrath!
Just another similar commendation on her expertise, I saw the interview and immediately I knew she was financially intellectual as said.
She's is quite exceptional person and great in her field of financial services. Highly recommended!
That’s an impressive investment success! I have followed this channel for a while and they put out amazing financial informations.
How can I look up the stated expert which they recommend?
Her website ranks top, you can as well see her certifications and years of expertise on SEC and FINRA broker check.
Look her up online and see if she meets your criteria.
@@MesiahCyru I just found her on the web and I'm impressed. I've scheduled with her too. You were right, her consulting page ranked top
Thanks for this lead.
I guess I shouldn’t know this but red 17 is not correct , 17 is black on the roulette wheel ..
5:50 The only way to fix that problem is by selling it to a private party, dealership will attempt to offer you less.
$200k debt in car is a nightmare. As a 26 year old married guy who just bought a home for my wife and kids and owes $340,000, that debt is daunting! I cant wait to get where some of you are. I received a $90k insurance payout from a work injury and want to invest it in the stock market. How can I get started?
Honestly, i would leave that money in an account that yields 5% annually , or if you're willing to take the risk of getting into the stock market i suggest you consult with a trusted fiduciary advisor for directions.
My dear husband passed away in 2021, and I have around $400K from his life insurance just sitting in a bank account, earning nothing. I was advised to invest it through an advisor, and in just six months, I achieved over 80% capital growth, not including dividends. Highly recommended!
Hello, I'm interested in trying this out. Who is your advisor, and how can I contact them?
Her name is Lauren Christine Campbell . I can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I’ve just looked up her full name on my browser and found her webpage, very much appreciate this
I love these reaction videos! Thanks guys
Please stopped referencing Graham Stephan. He promoted Yotta bank, which has scammed so many people.
I am sorry 😢 for those affected 😮😢
6:27 by this logic, a Volkswagen is a 'luxury' automobile (most VW take premium)
The irony of watching this with the cyber truck in the background
I am disappointed the Bo is a Trump/Elon guy.
Great content as always guys! 👊🏻
The Vegas Matt clip lol
I love this series
Sports gambling is truly terrible. It's become far too easy and young men are losing obscene amounts of money. Gambling through your phone is a terrible idea and is like the easy method to cultivating addiction.
Of course rich people walk... they live in walkable communities (most of the expensive cities/neighborhoods in this country are walkable, at least compared to the average suburb). I definitely believe the Vinwiki guy too, I'm not a huge fan but he definitely knows exotic cars.
8:00 I see he wore his best crocks and pajama pants for this purchase
and that fresh AF haircut
Biggest money mistake: a $3k vacuum cleaner. This was around, eh, 2005. I had just bought my house in the last year, I was feeling like I had a good handle on this adulting thing (I was 24) & door-to-door vacuum cleaner salesmen showed up at my door. I'd never seen actual real-life traveling salesmen & felt too polite to tell them I didnt want a demonstration. They got me with "low monthly payments" worksheet & I wasnt experienced enough to know you need to ignore the monthly and look at the big picture. Now granted, the fact that this happened saved me when a couple years later I went to buy my first new car & BY THEN knew to ignore the dealer's worksheet & stick to my overall budget instead of getting hung up on monthly payments, aaaaaand that stupid vacuum is still working 20 years later, but I still cringe thinking what could have happened to that $3k if I'd invested it.
Was it a Kirby? My ex used to be a salesman for them, lol
@@birdiefu Tristar, I think. I remember being extra annoyed because I had to buy special bags for it, you couldnt get them at any random store.
20 years later you have got a good vacuum still though , and it probably saved you more than 3K on getting screwed on a car later , so id keep the "glass half full" outlook on it buddy😊
Solar panels can (depending on where you live) be financially a good long-term idea. If you live in a sunny area with tax breaks from your government and your electricity provider gives variable rates, then you can easily make your money back in 10 years or so, and start making a profit after that. But yes, definitely do not take out a loan to do this 😂
I have to put premium fuel in my car, but it’s nowhere close to luxury- I bought it last year, new, for $30,810. I didn’t exactly follow 20-3-8, it was more like 17-4-7 with $100 extra principal payments each month
Why would someone who sweats over 200k buy a 770k car lol
Payments
@@MeakH1 Yeah, the point is making payments on a 770k car is absolutely idiotic for someone who isn't brutally rich
@@Anonymous-ld7je that's how some buyers finance/purchase their new car. It's about how much your willing to pay amd the terms of the loan.
To be fair...Vegas Matt is down at the casino but way way up on the UA-cam 😂
Building wealth is simple, the priniciples are simple. But it is also boring and takes a tremendous amount of self discipline to execute. People are blinded by the exciting opportunities and lack the discipline to do the boring thing over the long term and basically ignore the money in their investment account for a long period of time.
Slow and steady wins the race…
1:12 you guys should have Vegas Matt (the guy in the clip) on your show that would be so funny
He just hit million subscribers
Dudes will buy supercars and claim they’re getting a good roi from it because they “network with different people”
For the Ferrari SF90 around 4:29, here's some context. For the past 10-15 years, Ferrari's over $400k or so wouldn't lose money. People would buy them and they'd appreciate in value. Combine that with the pandemic and used car prices, expensive Ferrari's were seen as investments (and some did make good money). But then Ferrari made too many nice cars and too many people speculated on them. Combine that with used cars returning to normal, depreciating behavior, put this guy way under water. Expensive luxury and sports models, and electric cars are taking it the worst.
2:11 shouldn’t have bet against the Cowboys 😂
My biggest money mistake: having roommates I shouldn’t trust
😮😢😊😅
During Covid, my husband saved his spending money to purchase a used motorcycle. I used my spending money to buy penny stock. My spending money is for things like coffee and a movie so it’s money that just would’ve been used up. It is not my investing money. I had a great deal of fun messing with those penny stocks since I couldn’t go anywhere anyway. when Covid was over, I didn’t buy anymore of course 99% were absolute dogs and went straight to zero but one percent are actually chugging along to be listed on the stock exchange of course I never stopped my regular retirement investing so to me, this was just like going to a casino. It was my throw away entertainment money only my actual retirement is where my future finances are😊
Just for everyones information on how bad Adrian Peterson is with money. Even though he earned 100s of millions of dollars during his pro career (not including all of his endorsement deals) his net worth currently is estimated to be 1 million. Which that is highly suspect since recent reports from September say he owes a 12.5 million dollar lawsuit debt where they are seizing and selling some of his assets. So yeah, great football talent. HORRIBLE with money!
Hope that guy has gap insurance 😂
Wait until they find about Togi. The 22 year old kid who lost his entire life savings on multiple occasions.
Tren Togi?
20/3/8 is wild I got a loan for .09 for the max years they would let me. Debt is great if you use it right. Yes for most debt isn’t great.
I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week. i started with 5k in last week 2025.... now i just hit $32,590
How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, l want to retire in a few years and I need a better diversification
It's Charlotte Gina Miller doing, she's changed my life.
The first time we had tried, we invested €14,000 and after a week we received €50,230. That really helped us a lot to pay our bills.
I'm new at this, please how can I reach her?
I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Adrian Peterson's story is a sad one.
Vegas was not built by the winners
Vegas was built by the winners, just the winners are the casinos
What about that streamer who bet $700,000 that Kamala would win
You guys never heard of Ed Bolian?
Hey MG’s.
4:24 Man I love you guys, but the AI pic of Steve Jobs is…a choice 😅 It doesn’t even really look like him.
More like "Stevoo got me repoed"
Nobody hits red 17.
I thought this was a joke at first 😂
0% chance of that hitting ever! Iykyk
My biggest financial mistake? Wedding ring. 😂
It's really sad seeing some of these people brag about their glorified gambling addictions
“I don’t do public math”
7:58 dude is there with that haircut , in his pajamas and crocs , with a fresh baby to put down $499 so he can finance a 6 year old Mercedes ... this scenario seems legit ... sadly
Now I'm gonna disagree on one thing yall went over here and that was financing a bed. Good beds you're gonna get 0% interest over 5 years loan, 100% of the time. You spend a third of your life in bed sleeping. This is like the first thing I recommend splurging on cause quality sleep will improve your overall life like nothing else. Good beds will last over 10 years too so it's not like it's going anywhere soon.
Except you can get a perfectly good bed for several hundred $ instead of 7 - 8K. The whole, "you'll sleep better on an 8K bed" is a scam.
@classicsciencefictionhorro1665 as someone that tested beds for months prior to deciding to get my 4k bed I can tell you it was worth every penny. If you find a bed that is the best for you at a couple hundred by all means go for it. Those didn't work for me though. Definitely don't do a major purchase on a whim though, genuinely give the beds a try and find what's best for you.
Yes, as long as you have the money and can pay it off quick and/or in full @@Whitebushido
17 is black not red. I guess its a good thing you don't know! 😆 🤣 😂
8:06
I didn't buy this car. I bought a used 15 year old 🚗
I lost all my money gambling, so I'm going to sell my car so I can gamble more. 🤦😆
Oof, dude bet his car on Cooper Rush...
Never take advice from someone who thinks that every second of every day must be dedicated to making money.
id advise you to never take advice from someone who cant spell it
@70qq says the guy who doesn't use punctuation.
He should sell the Ferrari to Hoovie. He just love over paying for cars.
😮😂😊😅
Adrian Peterson recently declared bankruptcy, so....
When is right time to buy this LEGENDARY Land Cruiser ?
When you can pay same as cash in 12 months or less!
Everyone hates theirs so it’s better to pass
don't buy a boat
Adrian Peterson is broke. He's in massive debt.
The divorce will cost more than the Mercedes.
💪
Just a few vids in, but it really seems that most of these are either ragebait or satire.
I comment this on all their videos mentioning 20/3/8 for cars. That worked pre-covid but the market changed and I think it needs to be reviewed. A more reasonable structure now would be 20/5/6. Here is some math for example. If you make 50k their rules would be a max payment of $333/m, with 20% down this means the max car loan is $11,100 assuming a 5% interest rate and a car value of $13900. This is not impossible to find in some areas of the country but your looking at something 60k+ miles in general and statistically the average car runs for 150k miles before repairs are needed in excess of what return those repairs have. With 20/5/6 assuming the same factors that would be a loan maximum of $250/m giving the person more freedom to invest/save. This would be a loan of $13,300 so we're not talking about a significant increase and a car maximum value of $16,600. You are adjusting to current market prices more and allowing for options that will last a few more years for a nominal increase.
Somebody once pointed out that Beau is so excited by every video and now I can't not notice it.
Exciting
Do you guys want to be my uncles!?
“Nobody cares what you drive” isn’t always true. As a car enthusiast myself, I appreciate people that drive cars that they’re passionate about. However, absolutely do not finance your way into a car you actually can’t afford. Great financial advice, but driving a cool car isn’t bad as long as you can afford it.
Honestly, I find someone who loves their "average" car even better. Their enthusiasm for their 1990 F-150 is infectious
When my neighbor turns on his Corvette it cures my depression.
Driving a car you're passionate about isnt the same thing as driving a car for external validation.
most people who want a sporty car should just get a miata. miata is always the answer.
@@mellowordsBoth can be true at once.
I guess if you are a disciplined man with above average intelligence and financial acumen you are basically Chad.
It's freaking sad as hell 😂😂😂🎉🎉🎉
Brian, study Bitcoin. Everything else is noise. Don’t do ETFs, buy and own the real thing. You have an open mind, start with The Bitcoin Standard. You and Bo are amazing 👍🏽
13:01 Can’t advocate for anything but Bitcoin, volatility is exactly what you want for a long term out look. Why do I want 10% in the S&P minus 7% monetary inflation when Bitcoin doesn’t have an erosion… investing in anything but bitcoin literally doesn’t make any sense. Every other asset priced and bitcoin goes to zero against it, it’s only a matter of when.
Financing a car is not that bad. The car she bought. MSRP was a 50k difference from the base model, to the highest trim.
We don't know their income.
Solar panel can pay off. We don't know what how much they were paying for power before. And how much they are paying for the loan.
What is your net worth?
@@dog7881 Typical. You people always say that. It's like you don't like that things are not always straight forward.
@@saulgoodman2018 My point is why should I or anyone listen to someone’s opinion on financial choices when you haven’t proven that you have a good handle and are successful with your financial decisions?
@@dog7881 So I have a different opinion, and not millions of dollars.
And you complaining?
You don't know what my finances are.
But I know it's better then yours.
Investing money into an appreciating asset (stocks, real estate) earns compound interest. Borrowing money to buy a liability which declines in value over time (a car) destroys wealth. It's anti-investing, it's negative compound interest.
So no, it's a terrible decision financially in all cases. There aren't any exceptions. There are times where for lifestyle reasons you need to get a loan to buy a car. I get it. I've been there in the past. You don't have the cash for a car but you've still gotta get to work, right?
But you're lying to yourself if you think you need a brand new Jeep Cherokee to get from point A to point B. Nobody NEEDS that. It's also not a reliable, long lasting vehicle on average. So the ownership costs are high too.
We didn't even get into opportunity costs. Know what you can't do with the $700/month you spend on a car payment? Save or invest it.
Big Fail… hiring a financial advisor that charges % of assets under management. The opportunity loss of that % compounded over time is massive.
but hopefully they kept you from getting scared and selling in a very bad market ... i dont advocate for advisors using AUM fees , but more people lose money doing it DIY and getting scared and selling at the bottom than from having an advisor and paying AUM fees ... most people are simply not built for buy-n-hold and dont figure it out until the market drops 20 , 30 , or 40% and they bail out and lose big ... too many people fool themselves into thinking "i got this" when its all going up or smooth and level , but when the $hit hits the fan they find out otherwise 😂
If Brian Thompson was not walking with the plebs, he would be alive today. Walking is for poor people and criminals. Wealthy people don't walk in public.
What is crazy, is when he says "once it hits, I'm gonna come back and get this right here" as he points to a BMW... 🥲
I'd take the Toyota over the BMW anyway lol