Just want to say I really enjoy Reebe on the show-she does a stellar job presenting concepts succinctly. Hope she's around more often, perhaps do a 3-person panel some time? Thanks again for the great content!
Great comment on having your insurance deductible included in your emergency fund. I think this is the only place where I've ever heard that advice and it helped me re-evaluate how much I needed in mine to cover any possible health issue.
That 25 year old with a good income has no idea what the future holds. Don’t be like an NFL or NBA player and end up broke because you made a lot of money but you lost your job/industry.
I love your answer about putting off the gas in your 40s. My wife and I was dropping crazy amounts in our 30s. When she started her Nurse career in 2007, my wife's Nurse income was only 35k but she maxed her 401k at 15.5k. We are definitely in a great spot now (401k millionaires), a graduate of Dave Ramsey Baby Steps & we do travel a lot now (Italy and Maldives vacation this year) but we still enjoy gaming it by doing some "force scarcity" in our budgets and still ponder buying a 30k car. I enjoy your show & learn a lot
Just in case anyone questions any aspect of the FOO, DON'T. It truly is as valuable as you make it out to be. I love it. Even later in life it helps. Thank you.
I had the same experience with Capital One. Played that cup game having to switch everything to their "new product" three times before finally getting fed up and just left after 15 years.
What type of account did you have with them? I've got an old grandfathered ING Direct account with them and they have always kept its rate on par with Ally's give or take .1 %.
I switched 3 times as well and didn’t mind one bit. Switching accounts allowed me to go from 1.5% to 3.5%. And I just recently switched over to Fidelity money market for 4.5%. I’ll switch all day every day for a higher rate. Don’t bother me one bit. Only takes a few minutes to make a lot of return. I waste more time looking at memes than switching.
you can draw a trendline on their debt graph which easily bridges the "debt canyon". Proof that giving people money won't solve their money problems because their money problems are, in most cases, in their brains, not their bank accounts or brokerages.
Thank you guys for answering my question as well as others. You do the best to make finances clear and simple to understand, and improve the lives of your viewers. Keep up the good work!
The Financial Order of Operations is the best financial advice document I've ever seen. It tells you what to do. It's vague on purpose, forcing you to research terms/ideas you don't know, and consider your own situation. There's just two prerequisites: live a life of delayed gratification where you have extra cash each month and know your why. Follow the FOO.
I think this show is well done. Tumbs up to all of you, men and Woman. I follow you guys from Montreal, Canada. At first, I discoverd the Ramsey show, and my algorithme brought me to your show, which is a Little bit more intellectual, and it is perfect from me.
I know Marcus by Goldman Sachs has raised their rates with the changes in rates this past year. It's good to hear that they have done well for their customers, and are actually keeping their rates based off current rates, and not keeping them artificially low.
I wasn't financially free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!Very inspiring! I love this
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
@@MajorCockbern Her name is Christy Vallen D'souza. Look her up online, she is quite popular in the united states and she is a certified financial adviser in order to put you through the procedures of achieving your dream portfolio.
@@daviemanuel688 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@MajorCockbern I do the same thing, I do not have big money on bank account. With the right property in market and sales advisor, we will be on right track. Right now 3 estate done with loans which I turn to plantation and earn money from it, 2 more to go.
When you say liquid investments do you mean other than retirement accounts? From what I understand liquid is cash or investments easily converted to cash without penalty? If I am putting 20% into my Roth 401k I don't consider any of that liquid until I hit 59 1/2?
Liquid investments are investments you can sell and receive the money pretty quickly. Homes and retirement accounts are not liquid. A brokerage account is
45:00 I ditched Cable upon the advisement of some FB Millennials about 3 years ago and NEVER LOOKED BACK!!! I always wanted to know how to Invest and I learned aint things on UA-cam. 😎👍
For the record: In favor of more technical content. Segment on online banks/money market was just getting interesting. Don't be afraid to get into the weeds - split it up if you have to. First half highlights and second half deep dive. You guys are great keep it up.
Great show! and enjoyed Reba adding her style to the show. I really appreciate that you and Bo know what it is like and have real-life experiences that we can relate to.
30:50 Fidelity, Markus, and Ally ive seen as always decent. Fidelity is lower then some of the top top companies, but their customer service and experience is incredible and thats who i use. 2.19% on the savings account.
Heck if you already have a brokerage account it's worth figuring out how to buy treasury bills on the secondary market. Just bought some 3 month ones paying 4.7%. 1 month were 4.6 last I checked. Could easily set up a t bill ladder for e fund paired with a decent cc.
Thank you for the capital one tip, was able to create a new account as an existing customer in about 3 min and transferred my emergency money to the higher interest
I had the exact same experience with my Capital One savings account and customer service, the lady over the phone didn’t seem to care. I opened a new savings account with them a few months ago for the higher rate but have been looking to switch recently because I’m still upset about that experience
Great job, Brian and Reebe. I continually bang this drum, and believe debt (personal and national) is the single most pressing problem facing our nation. The average American is so blind to it; often willingly so. It’s great that you keep emphasizing what a fallacy life on the debt wagon is. It’s a slow death.
MONDAY - HSA; TUESDAY - Wife's IRA; WEDNESDAY - my IRA; THURSDAY - After Tax brokerage; FRIDAY - 401k contributions You can dollar cost average daily, but you are right Brian, it's a sickness LOL!
I'm guessing those stats don't filter out those of us who've been running up 0% ccs and buying treasuries with the money. Then again there's probably like 6 of us so...
Lol this happened to me with Synchrony Bank. I had a great start rate and then it just came down. I took out my money and parked it back in my regular bank. If am going to get pennies am going to get pennies from my main savings account.
Charles Schwab has some personalized indexing. This is an interesting option, because I often feel uncomfortable that things like BAT are in many of the classic index funds. Do you see any negative sides of this type of personalized indexing?
Invest with Intention (Know your why), spend with intention (what brings meaning to your life, opportunity cost). We save so we can spend/give. The more we do wisely, the better.
Yes I would be interested in this. When I’m looking at percentages I take pretax investing and divide by pretax income to get my percent. For my after tax investing I divide by my after tax income to get my percent. 🤔 interested to hear the money guy thoughts on this
Is it just me, or do they always use the term "compounding interest" incorrectly? Growth in the stock market is not interest. It's just an increase in value of an item like a house. No on refers to real estate appreciation as "interest." And with regard to credit card debt, isn't the interest just charged against the principle? If you spend $100, don't pay it, and now owe $110, interest is still charged on the $100, not $110. So while it is interest, it's not compounding.
I really wish you all would add the other side to the daily coffee coin. It’s not about cutting out coffee, juice bar & gummy bears at the gas station, it’s about deciding which one brings actual comfort, enjoyment and value to your daily life and reducing those three purchases down to one. Just a big recipe for burnout and loss of life enjoyment otherwise.
Or just cutting back or doing what you can on your own. You can still enjoy your coffee just buying a $7-8 bag of coffee that will last you a couple of weeks vs. spending $3-4 every day at Starbucks or Dunkin. The issue is most people are lazy and don't want to get up 30 minutes early in the morning to make their breakfast and coffee.
This is great advice but I would not discount the Ramsey preaching "All debt is evil" Mainly because the justification for is: if I have mortgage..why not get into car debt.. and.If I have car debt why not credit-card debt Ramsey also says if you DONT have a min 6 months expenses put aside you are BROKE Given the fact that Stock Market is going up/down it makes sense to have 6 months in the bank and/or mattress...JUST IN CASE when the Emergency does happen
Thank the Lord I'm able to use Credit cards to gain points and miles. Having debt and noticing your dollars not make a dent on what you owe is not fun.
More than half of the people in the US destroy their income into crap that they're don't really need, like a spaceship (aka very expensive vehicle) just to drive to and from work. It's ridiculous and sad! Thanks for the video! I paid off my 2003 chevy trailblazer that has 189k on it around 6 years ago. I paid $10k for it. That's all I need to get to and from work. I just need a reliable used vehicle.
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in investing coins for just few months and now they are multimillionaires, all thanks to Mrs Julia, God bless you ma 👏
Wooow that woman?. her good work has been everywhere. Been seeing a lot of good comments about her on several places. I feel more confident investing with her
Ideally, people would have emergency funds and avoid CC debt, but there are bigger issues affecting people; the clickbait title of the video is misleading and even cruel. Brian mentioned coffee shops and juice bars, but that's not it for many folks. It's getting too expensive to pay for things like lodging, childcare, healthcare, and food. People are getting laid off left and right, and even if you're still employed, companies haven't been giving raises for several years because of "uncertainty in the market" and now "preparing for a recession". TL;DR: Budgeting is easy when you have money.
Ya, i feel like this channel is more for the people who want to build wealth and gain financiak freedom despite those challenges instead of seeing theselves as victims
There are always options and making choices. I don’t understand how people never self reflect and taking ownership to manage their own financial decisions, but rather finding things they can blame for their own actions. Working in the financial industry, I have seen too many people in this country are overlooking their own irresponsible behaviors, but keep amplifying throw they have became victims of economic inequality. BTW, they are complaining while sipping $6.00 Starbucks coffee with less than $500 in their total net worth and $$$$ of CRC debits.
There certainly are individuals struggling but your examples are simply not accurate. Unemployment is near record lows and raises have met or outpaced inflation over the past few years.
I'd like to make a comment. At the 5:58 minute timestamp you comment on 20 year old's investing. I really, really, really, REALLY wish you would change that age to 22yr. The 18-22 years old are in college thus accumulating debt, not investing. You can readily and easily change that age range from 22yr old to 67years and still have your 45 year working range.
Love your show. But it does not address the 60+ who did not have this info at younger age; and does not have compounding time. It's easy to say put more in retirement accounts, but that is not always an option. Question: What is best PLACE to put the money? Assume 401k match done. Still follow FOO? BTW, I think, this education should be required in high school
Okay, who created this chart? Why are you overlaying two completely different dataset, on completely different scales on one another? Very misleading and confusing to the viewer.
SoFi is a chartered, federally insured Fintech bank and they give you 3.75% on your savings account. No teaser. No BS. 3% Cashback on their credit card too. Best bank out there right now. Hands down.
I am 51, retired military, and receive my DOD pension, 100% VA compensation, and social security after being injured in the line of duty. My wife and I are empty nesters, own our home, make 135k a year and have 115k in savings. 45k in monthly paid dividend ETFs and stocks, and carry less than 7k in credit card debt. We are actively paying down our credit card debt 1k a month and simultaneously buying the stock market since it's bleeding profusely. Buy when there's blood in the streets.
Check out SPAXX with Fidelity. 4.5% on savings money market. Got 5.15 on a brokerage CD with them as well. Great rates out there right now. You just got to look. I have NO problem switching. I’ll switch every month to get a better rate. Went from one Cap One account to another Cap One account and now to Fidelity. No problem.
It took a few times for me to realize what Bryan meant by “Bowling point” 😂. Love you Bryan!
Boiling Point 🤦♂️😂
My ears also perked up, wasn't until he mentioned water that it clicked haha
Haha me too
This has become my favorite show on UA-cam, and I find myself looking forward to it every day. Keep up the good work!
Just want to say I really enjoy Reebe on the show-she does a stellar job presenting concepts succinctly. Hope she's around more often, perhaps do a 3-person panel some time? Thanks again for the great content!
Great comment on having your insurance deductible included in your emergency fund. I think this is the only place where I've ever heard that advice and it helped me re-evaluate how much I needed in mine to cover any possible health issue.
That 25 year old with a good income has no idea what the future holds. Don’t be like an NFL or NBA player and end up broke because you made a lot of money but you lost your job/industry.
Yes. Price everything before they renew. Insurance, utilities... subscriptions that you aren't using. The savings add up.
I love your answer about putting off the gas in your 40s. My wife and I was dropping crazy amounts in our 30s. When she started her Nurse career in 2007, my wife's Nurse income was only 35k but she maxed her 401k at 15.5k. We are definitely in a great spot now (401k millionaires), a graduate of Dave Ramsey Baby Steps & we do travel a lot now (Italy and Maldives vacation this year) but we still enjoy gaming it by doing some "force scarcity" in our budgets and still ponder buying a 30k car. I enjoy your show & learn a lot
Just in case anyone questions any aspect of the FOO, DON'T. It truly is as valuable as you make it out to be. I love it. Even later in life it helps. Thank you.
I had the same experience with Capital One. Played that cup game having to switch everything to their "new product" three times before finally getting fed up and just left after 15 years.
What type of account did you have with them? I've got an old grandfathered ING Direct account with them and they have always kept its rate on par with Ally's give or take .1 %.
I switched 3 times as well and didn’t mind one bit. Switching accounts allowed me to go from 1.5% to 3.5%. And I just recently switched over to Fidelity money market for 4.5%. I’ll switch all day every day for a higher rate. Don’t bother me one bit. Only takes a few minutes to make a lot of return. I waste more time looking at memes than switching.
Very Good show. Reeby (sp?) should be included on the show more often.
you can draw a trendline on their debt graph which easily bridges the "debt canyon". Proof that giving people money won't solve their money problems because their money problems are, in most cases, in their brains, not their bank accounts or brokerages.
Thank you guys for answering my question as well as others. You do the best to make finances clear and simple to understand, and improve the lives of your viewers. Keep up the good work!
The Financial Order of Operations is the best financial advice document I've ever seen. It tells you what to do. It's vague on purpose, forcing you to research terms/ideas you don't know, and consider your own situation. There's just two prerequisites: live a life of delayed gratification where you have extra cash each month and know your why. Follow the FOO.
33:45 didn't seem nerdy at all to me... Guess that makes me a nerd xD
I think this show is well done. Tumbs up to all of you, men and Woman. I follow you guys from Montreal, Canada. At first, I discoverd the Ramsey show, and my algorithme brought me to your show, which is a Little bit more intellectual, and it is perfect from me.
I know Marcus by Goldman Sachs has raised their rates with the changes in rates this past year. It's good to hear that they have done well for their customers, and are actually keeping their rates based off current rates, and not keeping them artificially low.
I wasn't financially free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!Very inspiring! I love this
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
@@MajorCockbern Her name is Christy Vallen D'souza. Look her up online, she is quite popular in the united states and she is a certified financial adviser in order to put you through the procedures of achieving your dream portfolio.
@@daviemanuel688 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@daviemanuel688 Thank you, i just found her website.
@@MajorCockbern I do the same thing, I do not have big money on bank account. With the right property in market and sales advisor, we will be on right track. Right now 3 estate done with loans which I turn to plantation and earn money from it, 2 more to go.
I've had Ally for a year and LOVE IT! Highly recommend their savings and checking accounts :)
Me too and they automatically increase the rates without me having to do anything
When you say liquid investments do you mean other than retirement accounts? From what I understand liquid is cash or investments easily converted to cash without penalty? If I am putting 20% into my Roth 401k I don't consider any of that liquid until I hit 59 1/2?
Liquid investments are investments you can sell and receive the money pretty quickly. Homes and retirement accounts are not liquid. A brokerage account is
Let's go Reebe! Great video as always guys.
rebee did an amazing job co-hosting! hope bo feels better soon!
45:00 I ditched Cable upon the advisement of some FB Millennials about 3 years ago and NEVER LOOKED BACK!!! I always wanted to know how to Invest and I learned aint things on UA-cam. 😎👍
For the record: In favor of more technical content. Segment on online banks/money market was just getting interesting. Don't be afraid to get into the weeds - split it up if you have to. First half highlights and second half deep dive. You guys are great keep it up.
What happened to yesterday's livestream? I saw the first bit and was hoping to watch the rest tonight but I can't find it?
Love seeing Rebie co-hosting! Great show
Yup CapitalOne is like that, the old money market fund still has .85% instead of market rate, not a trusted bank to me anymore
Great show! and enjoyed Reba adding her style to the show. I really appreciate that you and Bo know what it is like and have real-life experiences that we can relate to.
Yeah, you'd better watch out, Bo! Reebe (sp?) is also excited about the show, and she's better-looking!🤣
Rebie is better looking than Bo..
She's just gotta be speaking her mind a bit more so we can all learn from her more.
@@MrEscape314 definitely true…. Better looking and she sounds almost as exited as Bo…. Well almost as excited…😏
30:50 Fidelity, Markus, and Ally ive seen as always decent. Fidelity is lower then some of the top top companies, but their customer service and experience is incredible and thats who i use. 2.19% on the savings account.
Almost 4% on their MM accounts.
Heck if you already have a brokerage account it's worth figuring out how to buy treasury bills on the secondary market. Just bought some 3 month ones paying 4.7%. 1 month were 4.6 last I checked. Could easily set up a t bill ladder for e fund paired with a decent cc.
Just got 4.5% on a money market. SPAXX
Bowling point 😂😂. Great content love you guys!
Thank you for the capital one tip, was able to create a new account as an existing customer in about 3 min and transferred my emergency money to the higher interest
Thank you so much!Wish i had access to this kind of information earlier.
Not too shabby considering most things at the grocery store have doubled in price. I’m surprised people are saving anything
I'm not. Just takes effort to live below one's means
An incredibly insightful and plain explanation that everyone can benefit from. Thank you! 🙌🎉👏
Shout out to Reebs! 😂
I had the exact same experience with my Capital One savings account and customer service, the lady over the phone didn’t seem to care. I opened a new savings account with them a few months ago for the higher rate but have been looking to switch recently because I’m still upset about that experience
I just use SHV in my brokerage account in place of messing with high yield savings. It's an ETF that cycles short term US treasuries.
Great job, Brian and Reebe. I continually bang this drum, and believe debt (personal and national) is the single most pressing problem facing our nation. The average American is so blind to it; often willingly so. It’s great that you keep emphasizing what a fallacy life on the debt wagon is. It’s a slow death.
MONDAY - HSA; TUESDAY - Wife's IRA; WEDNESDAY - my IRA; THURSDAY - After Tax brokerage; FRIDAY - 401k contributions
You can dollar cost average daily, but you are right Brian, it's a sickness LOL!
ngl i expected “Friday - I’m in love” 😅
I'm guessing those stats don't filter out those of us who've been running up 0% ccs and buying treasuries with the money. Then again there's probably like 6 of us so...
That’s me! That makes 7 of us. Lol
My biggest mistake at 50 has been hiring an advisor that took 1% and held index funds for 30 years.
Lol this happened to me with Synchrony Bank. I had a great start rate and then it just came down. I took out my money and parked it back in my regular bank. If am going to get pennies am going to get pennies from my main savings account.
Ally for savings, NBKC for checking. Both super reliable. Been with Ally over a decade. They're a hair slow to raise rates but they do it.
That’s sus for online banks but member only credit union should have high yield
Charles Schwab has some personalized indexing. This is an interesting option, because I often feel uncomfortable that things like BAT are in many of the classic index funds. Do you see any negative sides of this type of personalized indexing?
Invest with Intention (Know your why), spend with intention (what brings meaning to your life, opportunity cost). We save so we can spend/give. The more we do wisely, the better.
Enjoyed the addition of a new voice and delivery!
What drove up the 2010 credit card balances?
How do y’all calculate your savings rate for reference?
Yes I would be interested in this. When I’m looking at percentages I take pretax investing and divide by pretax income to get my percent. For my after tax investing I divide by my after tax income to get my percent. 🤔 interested to hear the money guy thoughts on this
@@christinab9133 I calculate it as my ((gross income for the month - expenses for the month) divided by gross income for the month)
They've talked about this in past videos. It's been a while since I've watched that episode, but I'm fairly certain its gross income.
@@shane7150 Sounds as if I am calculating it correctly hopefully
@@PeanutButter123 yea, I think so.
Since take home pay is dependent on pretax contributions.
Great Q&A session! Thank you 👍
Is it just me, or do they always use the term "compounding interest" incorrectly? Growth in the stock market is not interest. It's just an increase in value of an item like a house. No on refers to real estate appreciation as "interest." And with regard to credit card debt, isn't the interest just charged against the principle? If you spend $100, don't pay it, and now owe $110, interest is still charged on the $100, not $110. So while it is interest, it's not compounding.
I think interest is charged on the 110…
What banks is Jason using that you don’t get your money back? Direct deposit at SoFi - 3.75% - Marcus 3.3%, etc. Marcus isn’t even on direct deposit.
I really wish you all would add the other side to the daily coffee coin. It’s not about cutting out coffee, juice bar & gummy bears at the gas station, it’s about deciding which one brings actual comfort, enjoyment and value to your daily life and reducing those three purchases down to one. Just a big recipe for burnout and loss of life enjoyment otherwise.
Or just cutting back or doing what you can on your own. You can still enjoy your coffee just buying a $7-8 bag of coffee that will last you a couple of weeks vs. spending $3-4 every day at Starbucks or Dunkin. The issue is most people are lazy and don't want to get up 30 minutes early in the morning to make their breakfast and coffee.
What's a bowling point 😂
The rent on my apartment is raising again and I gotta move. Should I buy a tent and a gun, or spend up for a van with locks?
You're not going to do either of those things.
Whatever makes you happy. No one else controls you.
This is great advice but I would not discount the Ramsey preaching "All debt is evil"
Mainly because the justification for is:
if I have mortgage..why not get into car debt.. and.If I have car debt why not credit-card debt
Ramsey also says if you DONT have a min 6 months expenses put aside you are BROKE
Given the fact that Stock Market is going up/down it makes sense to have 6 months in the bank and/or mattress...JUST IN CASE when the Emergency does happen
33:33 I'm here for the nerdy.
Thank the Lord I'm able to use Credit cards to gain points and miles. Having debt and noticing your dollars not make a dent on what you owe is not fun.
It’s almost like “free” money causes inflation.
Hey. Stop saying the quiet part out loud
@@joelplatt2651 I have to say it like that for normies.
Ya like 0% federal interest on banks loaning money xD
@@vipcesh yep.
Depends on who ya give it too
America is disappointing most in far more ways than just personal finance lol.
Ah Rebie... beautiful and smart, and such a sweet voice. I'm watching this drinking an Energy drink LOL
More than half of the people in the US destroy their income into crap that they're don't really need, like a spaceship (aka very expensive vehicle) just to drive to and from work. It's ridiculous and sad! Thanks for the video! I paid off my 2003 chevy trailblazer that has 189k on it around 6 years ago. I paid $10k for it. That's all I need to get to and from work. I just need a reliable used vehicle.
❤❤❤
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in investing coins for just few months and now they are multimillionaires, all thanks to Mrs Julia, God bless you ma 👏
I'm 37 and have been looking for ways to be successful, please how??
I earn from investing in the digital market with the guidance of experts Mrs Julia Oswin Brokerage services...
@@blakespeith3698 😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
Thanks am sending her a message NOW! this is huge opportunity for me
Wooow that woman?. her good work has been everywhere. Been seeing a lot of good comments about her on several places. I feel more confident investing with her
Ideally, people would have emergency funds and avoid CC debt, but there are bigger issues affecting people; the clickbait title of the video is misleading and even cruel. Brian mentioned coffee shops and juice bars, but that's not it for many folks. It's getting too expensive to pay for things like lodging, childcare, healthcare, and food. People are getting laid off left and right, and even if you're still employed, companies haven't been giving raises for several years because of "uncertainty in the market" and now "preparing for a recession". TL;DR: Budgeting is easy when you have money.
Garbage take
...and having money is easy when you're budgeting.
Ya, i feel like this channel is more for the people who want to build wealth and gain financiak freedom despite those challenges instead of seeing theselves as victims
There are always options and making choices. I don’t understand how people never self reflect and taking ownership to manage their own financial decisions, but rather finding things they can blame for their own actions. Working in the financial industry, I have seen too many people in this country are overlooking their own irresponsible behaviors, but keep amplifying throw they have became victims of economic inequality. BTW, they are complaining while sipping $6.00 Starbucks coffee with less than $500 in their total net worth and $$$$ of CRC debits.
There certainly are individuals struggling but your examples are simply not accurate. Unemployment is near record lows and raises have met or outpaced inflation over the past few years.
I'd like to make a comment. At the 5:58 minute timestamp you comment on 20 year old's investing. I really, really, really, REALLY wish you would change that age to 22yr. The 18-22 years old are in college thus accumulating debt, not investing. You can readily and easily change that age range from 22yr old to 67years and still have your 45 year working range.
Brian, how do you spell that? Cain’t?😊
Another lesson from Pops and Big Sis'
12% returns is high? I have a sinking fund that is basically VPMAX that I've been tracking since 2007. That's my rolling average.
Is it just me or is the credit card debt on that chart actually below the trajectory it had pre pandemic? Scary stuff
Love your show. But it does not address the 60+ who did not have this info at younger age; and does not have compounding time. It's easy to say put more in retirement accounts, but that is not always an option. Question: What is best PLACE to put the money? Assume 401k match done. Still follow FOO?
BTW, I think, this education should be required in high school
Man I want more of financial advisors react to tik tok advice.
Wait till you get till your in 40s and 50s saving a lot more then 25 percent but time sucks now
59:28
SPOILER ALERT* about 5 minutes from the end Brian gives a Yellowstone spoiler
My god they're sponsored like a Nascar now. I miss the money guy show of just a year ago.
Um, most of us in our 4o's and beyond aren't millionaires. Don't forget, your audience doesn't consist of only 20 and 30-somethings.
I'm not a fan of referring to a person's 30s as the middle. The middle of your life should be your 40s.
Please. I love you guys, but scale your graphs starting at 0, otherwise it distorts the picture and exaggerates the numbers.
Lol!!!! I thought he was saying bowling .. 🎳
I miss Bo
My goal is to max out my 401k this year which is 25% of my income.
W as m fro
Okay, who created this chart? Why are you overlaying two completely different dataset, on completely different scales on one another? Very misleading and confusing to the viewer.
SoFi is a chartered, federally insured Fintech bank and they give you 3.75% on your savings account. No teaser. No BS. 3% Cashback on their credit card too. Best bank out there right now. Hands down.
I am 51, retired military, and receive my DOD pension, 100% VA compensation, and social security after being injured in the line of duty. My wife and I are empty nesters, own our home, make 135k a year and have 115k in savings. 45k in monthly paid dividend ETFs and stocks, and carry less than 7k in credit card debt. We are actively paying down our credit card debt 1k a month and simultaneously buying the stock market since it's bleeding profusely. Buy when there's blood in the streets.
Check out SPAXX with Fidelity. 4.5% on savings money market. Got 5.15 on a brokerage CD with them as well. Great rates out there right now. You just got to look. I have NO problem switching. I’ll switch every month to get a better rate. Went from one Cap One account to another Cap One account and now to Fidelity. No problem.
Took me about the 7th or 8th “boiling point” to realize we weren’t talking about 🎳