Exposing the Money Game: How It Shortchanges Young People

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  • @Georgina705
    @Georgina705 2 місяці тому +15

    I'm so happy I made productive decisions about my finances that changed my life forever., bought my second house in August and hoping to retire next year at 41 if things keep going smoothly for me....

    • @FranklyHunt
      @FranklyHunt 2 місяці тому

      Congratulations dear. You're really doing well yourself, I'm 48 and my financial life is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that's really a big flex

    • @lea5898
      @lea5898 2 місяці тому

      Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.

    • @HLO-iy2bp
      @HLO-iy2bp 2 місяці тому

      I know this woman you just mentioned. Stacey Macken is a portfolio manager and investment advisor. She gained recognition as the first female trader educator; a renowned investor she is. Stacey has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

    • @josehenry7205
      @josehenry7205 2 місяці тому

      Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .

    • @tryleraaron9244
      @tryleraaron9244 2 місяці тому

      Been debt free for two years thanks to Stacey Macken. So sad to see my friends in their 40s with car loans, mortgages and credit card debt

  • @JakeRoy98
    @JakeRoy98 2 місяці тому +4

    Lower cost of living area = shittier jobs unless you have a good trade skill and a good paying job.

    • @lilbroomstick7914
      @lilbroomstick7914 2 місяці тому

      Yea; you need a remote job and skill to live in a remote low cost area and collect your standard for a high salary

  • @Brandoomer
    @Brandoomer 2 місяці тому +2

    How does supply and demand come in to effect when the companies have enough cash to weather storms for years? For instance, banks sit on empty houses that cost money and they are under no pressure to sell even though the market is demanding more of it. These days companies are focused on selling less for more, rather than work hard to produce so much and only to sell at low prices.

    • @lukegoatley8501
      @lukegoatley8501 2 місяці тому +1

      That's true, Basically, they have too much market power.

    • @gecko2000405
      @gecko2000405 Місяць тому

      Think of it as the supply of money keeps increasing, but demand is stagnant. What will happen to prices? They will still rise. Besides, all money is created as credit anyway.

  • @zazenzach5754
    @zazenzach5754 2 місяці тому

    The house went up in value because of supply and demand, not only because the dollar devalued. we havent been building enough houses to keep up with demand, ergo prices have outpaced inflation.

  • @ryanguy6789
    @ryanguy6789 2 місяці тому

    Yeah it really got distorted last 20 years or so. New folks have no chance, those who owned the stuff back in the 90's and earlier are rich. At this point, it's either have help from someone (like parents) or rent your whole life. I've found low priced rent in a LCOL area and that was my solution.

  • @JustAverageJeff
    @JustAverageJeff 2 місяці тому +2

    Index funds gave asset managers all the voting power for all companies and they only care about short term profits not long term growth.

  • @tjwithanak7517
    @tjwithanak7517 2 місяці тому

    Do you think insurance companies will abandon Florida after hurricane Milton?

    • @TheWalamala
      @TheWalamala 2 місяці тому

      Insurance doesn’t cover hurricanes….

  • @WwoJakkk
    @WwoJakkk 2 місяці тому +2

    thats why talks of rising income. even " real income" is all bullshit