Financial Advisor Answers Money Questions From Twitter 💰| Tech Support | WIRED
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- Опубліковано 28 тра 2024
- Kevin L. Matthews II, author and financial educator, answers questions from twitter about money and spending. Are we going into a recession? How is a credit score calculated? How soon do you need to start saving for retirement? Is our tax system rigged for the rich? Is cyrpto worth investing in? Kevin answers all these questions and much more!
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I went to grad school with this guy. He's smart. Glad to see him featured in this Wired video.
I see you invest in liquid gold. Smart?
Hook ‘em horns
Same
I went to preschool with him. I knew he was smart
@@elchappo1320 i was born in the same hospital as him. knew he was a sharp kid
Thanks so much for having me! I’m always down for a part 2 😉
Agree
@BuildingBread Would it make sense in my 30s for allocating like a 70/30 mix more so in bonds as of right now, then when things get better, back to 70/30 S&P?
Then do that same cycle when this happens again? So as to feather in a stable bond profit amount to reach retirement. Late 401k start with a heavy S&P side.
@@mextamacion1097 Great question. History has shown us that if you're in your 30s and you have a 70/30 mix, it is best to stick with it. I can do a video explainer on my channel if its helpful.
@@buildingbread subbed
I hope you come back again! Thank you so much for sharing your knowledge. 😁
I laughed at how quickly he answered the "is the tax system rigged" question. Zero hesitation.
The system isn't rigged. Less wealthy people can also take advantage of capital gains. What he didnt say was that if you raise capital gains, there will be less investment and surprise...fewer jobs.
The closest it is "rigged" for rich people is they have enough money to hire financial experts to put their money in low taxable areas. This is not the system being rigged, it's smart money management.
yet the rich pay the biggest amount of dollars in taxes regardless opf what percent they pay. and they get no respect for it.
yeah, the bottom quintil pays nothing.
The video is cut to the part when he is ready talk, how do you think he answers that fast?
It was pretty obvious. Don't know why so many people want to refuse to admit these types of things.
It's a pleasure to listen to a knowledgeable person breaking down difficult concepts in a very understandable way. Part 2, please!
it’s so refreshing to see a financial expert/advisor actually clearly verbalize that they believe the system is rigged to benefit the rich! thank you for not gaslighting as so many in the field do.
@@BejaminCowen You missed the opportunity to spell your own name correctly...
Talking finances with people to be very emotionally charged. This guys charisma and presentation style really helps defuse that. If I was in the market for a financial advisor, this guy would make me feel confident and calm.
this guy should build a curriculum to be teached at highschools. this is a vital lesson about living a life.
taught*
you can Google all of this in 10min
@@Synday True, but you got to know what to search first. And a curriculum is a good inroduction to things you previously didn't know but need to know.
I don't understand why this isn't taught in school? Like wtf. I'm an adult and don't understand exactly how any of this stuff works...
@@shaneharris7284 cuz kids will groan and say “boring”
Honestly we need this guy back with a longer video just dumbing down his advice for everyone
He has his own yt channel tho, it's called BuildingBread
Or you could just stop being dumb?
As someone who's been investing for over 20 years, this guy's answers are all 100% correct... he does a great job explaining it to people who might not understand it as well
I'd sssume he would only provide correct answers. He is on UA-cam for a well-known channel. The gall!?!
Nope, first answer is wrong. He says two consecutive quarters of gdp. Should be negative gdp growth.
@@TheBeastBony ironically you got his error wrong as well lol
@@CertifiedSlamboy what did he say wrong, it's 2 consecutive quarters of negative gdp growth not 2 consecutive quarters of negative gdp
@@10MAXEL10 could of been a misspoken term…
What I've spent in years trying to understand some of these talking points, this guy explained in 15 minutes. This was so easy to digest and understand. Please bring him back for a part 2+!
this guy presented all the answers elegantly and no hesitation in his words. I need more something like this
Talking about money and savings etc is usually such a stressful time for me that I tend to avoid it. This video came on autoplay but I'm so glad it did! Thank you for such digestible information without the added pressure and "you should be doing better/understand all this" attitude that I seem to see a lot of the time.
I was watching this so hard. I’m a 22 year old women. I have a good job that pays well but I feel like I’m not using my money wisely. Money talk confuses me and honestly scares me. I keep thinking about that lately. Hopefully I will make it through!
You will make it through! It may take a little time, but it’s worth it! Think of it as investing in yourself and your joy 😊 I love it when people start learning about finances! It's never too early or too late!
UA-cam has some great resources that are totally free to get you started on understanding financial concepts. My faves are "2 Cents," produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are a helpful starting point for you! ❤
I read "The Simple Path to Wealth" by JL Collins, and it helped me to be less afraid of investing. I am now investing in index funds, as the book suggests. I highly recommend giving it a read!
Graham Stephan on UA-cam is good. He talks about investing as well as debt leveraging
I’m about your age and think the same 😊
You are still young the best investment is yourself. Learn as much as you can, including about how to invest! Hint: like he said boring is best
this was SO easily digestible information. Thank you very very much for this, as always. Love the people you pick for these videos
As a Financial Planner myself, I love the sound advice that's being provided! Great job!
3:54 This is the most concise explanation of this particular concept I’ve heard. It also explains why rich folks who’s stocks tank end up brankrupt. Well done.
WE NEED A PART 2,3,4 and 5
He just summarised everything I have learned in my post grad finance degree with in less than 15 mins with understandable language. That's impressive!
Love his response, all the anti-college sentiment is going to get a lot of people stuck in dead end jobs and unfulfilled business ventures in life. College is way too expensive but community college is cheaper and can get you great opportunities
Dope content, give this guy a recurring series, please.
Easily one of the best videos on here. Id love to see a part 2 or more videos like this.
Wishing everyone here the financial freedom they dream of. Go claim it!
Yeah 50 30 20 is a standard budget. That's been true since my freaking parents were in grade school. My question to you is what do you do when roughly 90% of your income is household expenses.
ikr
Delirious.
Plan for the future.
Get a better job, live cheaper.
Save money the next 10 years so the rest of your life is easier.
And also, dont live in America.
Vote different!
@@Cronuz2 “Don’t live in America.”
As a 20 something still navigating financial literacy I definitely needed this 😭🙏🏽
I am 26 and felt that there is a huge room for improvement for my financial literacy. Certainly not easy when you always have your wants and it is insatiable at times 😭🤣☕
Hi! I love when people in their 20’s start taking deeper looks into their finances. UA-cam has some great resources that are totally free to get you started on understanding financial concepts.
My faves are “2 Cents,” produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are useful to you! 💛
Keep down unsecured debt friend! (Credit cards)
PLEASE do another video of this. This guy makes so much sense and I wish I was taught this stuff when I was younger
This was so insightful! Please bring this dude back for more questions!!
He must have a really really smart 4 year old.
This should be taught more in basic schooling i.e middle/highschool to start
There are financial management classes in a lot of high schools nowadays. Especially for kids going straight into the workforce or those who choose to not take advanced math courses. Kids just looking for a third math credit to graduate that aren't planning on college usually take a personal finance class.
thanks for that 50/30/20 tips. definitely gonna use that (after some tweaking though)
Been doing this for years it works so well! If you can, Set up a second checking and have your check send the 50 to one for bills, and the other 50 in the 2nd. Set up a auto transfer on pay days to move the 20% right away, always save first and spend later, to avoid overspending and saving whatever is left (usually less than 20% in my experience 🤣)
@@johnreedy1417 what do u do when your bills make up 75% of your income?😂😂😂
@@angrialex3409 i would go 75/15/10 or 80/12/8. Just make sure to cover all your expenses while having some money to please yourself and save a little
These kinds of questions are questions that should not be answerable in a couple minutes. Kudos to this guy for actually doing it!
Thank you for explaining these concepts in the most simple way. I usually have a hard time trying to explain these things because compounding interest, and explaining tax breaks can be challenging.
Among all the things we learned in school they left out one lesson we sure need in life.
I think there should be an adulting class. Like how to cook basic things (not all of us had parents that showed us), how to make a budget, and how to change a flat tire. That kind of thing.
Defo wanna see part 2!
I think this is a pretty good segment, considering how much and how accessibly any person can cover extensive and complex concepts in an engaging way, and over only ~fifteen minutes.
Honestly talking about fineances and money can be scary. Realistic and sad money is how people survive and live. Some are lucky and sadly some are not lucky. Not everyone has money for a roof over head and food on the table so it can be scary. But not gonna lie he makes talking about money and fineances comforting.
Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest
into Real Estates or into Stocks? Which would yield better output.
Has got to be Stocks but of course, you
have to be well informed on the right ones or better still, get a pro to handle it for you (that
way, you save time and minimise risks). Made my first million this way earlier this year. One more thing, one can wake you up by 2am to complain about a leaking pipe, the other can't.
Very sound advise! I have been into both for long and though I won't say I have lost a fortune, I have squandered quite
alot... If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...
Why not both??? diversify!!!
@@steceymorgan814 Funny enough, I can honestly
relate. It's not as easy as it may sound and
takes some level of decisiveness and
discipline. I don't know if I am permitted to
drop it here, but his name is "Claire Anne Steinglass". Was in the news a lot in 2018.
You may look her up online for more details.
I love being educated in a way that makes topics comfortable and easy to understand.
I’ve always had a personal problem with being money motivated or having a “hustler’s mentality”. But I’m super creative and smart so I feel obligated to try and monetize myself and become more business minded…
I’m just an artist at the end of the day
My brother, you are the man. Thank you thank you so much for this video. Lord, knowledge is the key it's a lot of folks don't know this million dollar advice you giving man. I'm 45 years old and I'm just not learning this stuff. This is a blessing. Thank you so much again bro and you be blessed.....
he made his answers so clear and understandable. I felt like I could listen to him break down difficult subject matter into easy bites allll day! Thank you for creating accessibility to this knowledge area :)
This was super informative! Thank you!
one of the best tech support videos i’ve ever seen!
Yo this guy is on point 🔥. He should be a teacher! Explaining all that financial stuff but in a way I can ACTUALLY understand!
Very informative and beneficial video. I will be sharing this with my college students. This helps ME. This is when the internet is a huge help. 👏🏾
Give this man a UA-cam channel omg he’s so good at explaining these concepts in a way that not only makes sense but motivates me to act! Redoing my budget now since mama ain’t having fun with my money haha
His youtube handle is BuildingBread. You can see his comment in the comment section above.
@@alessial.6243 thank you, queen!
Arizona Ice Tea is still $0.99
Probably the best video I've seen on this channel.
Notice how this video only has 380k views but a guy answering coffee questions has 1.3M views and a guy answering video game questions has 1.4M views. It makes you wonder where everyone's priorities are.
(Yes I'm aware it's just entertainment but something can still be said about the type of content that the masses consume).
Just something I noticed.
PS: Great video. Shoutout to Kevin.
holy crap, this guy is dropping serious nuggets of wisdom for the average person. i took actual notes. Normally the money convo is scary but this made me want to take action. GG
You explain everything so well. What a great video, thank you!
Finally, a financial advisor... I was beginning to think they didn't exist haha.
My dads a financial advisor
@@maxwelljacobfreedom I’m not american
I exist 😔
Super interesting. Would be great to have Kevin back to do some deep dives!
me watching this with under £5 in my bank account:
I know right. I'm even worse off. Hahaha. Thanks to hyperinflation and the lack of any kind of social safety now that exists in the United States and the currency exchange between pounds and the US dollar you actually have more money than I do.
@@madmachanicest9955 Hyperinflation? *laughs in argentine peso*
Very good simple clear responses. Thank you.
I like this Expert because I had trouble understanding some methods and terms but he's making it look easy that a 5 year old can understand
Clear, simple and informative, nice
Buildingbread! Glad to see ya on Wired my man, great video!
This is totally going to blow up, looking for part 2
Really enjoyed this video - Great advice!
My high school professor gave some very good advice on how much loan is worth taking for college: if your loan is less than or equal to the annual salary of your future job, taking that loan is worth it, otherwise its not.
I like how there is a soroban abacus beside the laptop
This was a GREAT video, thanks ❤
This is very helpful man, thanks!
make this a series
This guy is awesome, breaks it down in a way I can understand 👍
Great lessons. Appreciate your insight ❤
Wow. The chapter of realistic budget is so helpful. I have actually seen this 50/30/20 something somewhere else. But it didn't attract me because of the annoying names and alias people gave it. So, perhaps what I need all along is a clean explanation like this one. Thanks, Kevin! 🙂
This is the information we needed in high school. Great video
As an Advisor myself. This guy is 100% correct on everything he said. More people need to see this video.
Currently pursuing my financial advisor licence here in Canada. I've always been intrigued by the financial world and how things operate. Learning is a continuous process. Slowly but surely, these subjects don't frighten or drive me away. Hoping to assist families in achieving financial independence and financial literacy.
Fantastic video. Thank you.
Can we get a part 2 please!!
Just wanna point out that Arizona iced tea is still 99 cents (in the US), the family that owns it refuses to raise the price
Really great and useful questions and answers. They should show this to every 15-16 year old in the country
Loved this!
I love this specialist’s charisma ❤
Great video, great advice!
We need more of him!!!!!!
omg this guy is so precious and very helpful love this guy
As I'm studying for the series 7 this vid drops... what a great day.
So much good info here, and that suit is FIRE.
This was surprisingly very useful and interesting
I needed this 🙏🏼
Wow, very well explained, and great information.
Please bring Kevin L. Mathews II back! They were awesome!
This was Incredible!! I do a lot of investment research and still learned a ton
awesome vid he explains them so well
My wife and I both have good jobs in IT but did not invest in our 20's. Now we are both in our 30's and all our friend's have 2 homes but we only have one. If you are 25+, PLEASE PLEASE PLEASE start investing. Don't wait till 35 like us. We regret every single day. It's time gone by that will never ever come back. My kids are also going to feel the pain,
Thanks for the tip
not many people can even afford 1 house, so is cool that you at least have that :) don't care about the others
@@amandaconstanza Thanks Amanda! Hope you have a great successful life!
I started a new business this month and I am meeting with my first client today. I would like to share with you my personal experience with investing, everyone needs more than their basic salary to be financially secure. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts .. I started investing in the financial market mid March 2022 with the help of a well-known professional. it's really amazing. Stay Motivated!! !!
That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.,>
All Credits goes to *Rochelle Dungca-Schreiber,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience......
Heard many good recommendations about Rochelle Dungca-Schreiber by some YT channels, Seminars and other platforms..,
Part 2 please
Very well spoken
this is great!
Great video!
I thought this was some fake guru stuff but this guy's knowledge and articulateness is on point! 🔥👌🏼
That was helpful. Thanks :)
Very informative video!
Need part 2
Loved this, more with this guy 👏👏👏
I loved this video. It's so well-explained.
7:20 he had to bring out the calculator for that one
Loved how the only and synchronous answer for retirement is YESTERDAY. Stop playing with your future!
That dude is really smart and he did a great job of explaining everything. Great video. Bring him back.