BREAKING: MILLIONS of Americans Are Out of Money and Can’t Pay Their Bills

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  • Опубліковано 25 тра 2024
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    DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

КОМЕНТАРІ • 103

  • @KarenLavia
    @KarenLavia 21 день тому +160

    My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

    • @SandraDave.
      @SandraDave. 21 день тому +3

      The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop

    • @jones9-
      @jones9- 21 день тому +2

      In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor, requires guidance at some stage.

    • @bernadofelix
      @bernadofelix 21 день тому +1

      It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @EddyAgnes-vy4kp
      @EddyAgnes-vy4kp 21 день тому +1

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @bernadofelix
      @bernadofelix 21 день тому +1

      My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @mathahplay7018
    @mathahplay7018 20 днів тому +13

    *Americans are fed up with this treasonous administration, I feel like the more I learn about our country low income people my anger grows, Thanks Vivalee, Imagine investing $1000 and receiving $10,450 in 3days. 🇺🇸*

    • @mshaydee-fh8ew
      @mshaydee-fh8ew 20 днів тому +1

      HOW DO I GET ON THIS ?????? 🙏🏻

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      *SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      *VIVALEE BEST*

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      Get the application installed and search her up at the name above.

    • @harpersmith8772
      @harpersmith8772 20 днів тому

      She’s the best honestly I’m also a beneficiary. This inflation has taught people the importance of multiples income investment helps alots.

  • @Lukastrump
    @Lukastrump 21 день тому +15

    That's why If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan well

    • @shiellychurchill1579
      @shiellychurchill1579 21 день тому +1

      You're right, things are getting worse these days, it's important we make haste while the sun shines

    • @BelindaAlmond-tj4wy
      @BelindaAlmond-tj4wy 21 день тому +1

      Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it

    • @HansikaBrown
      @HansikaBrown 21 день тому +1

      This is correct, Sarah Hudson's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started

    • @DidiPetalz
      @DidiPetalz 21 день тому +1

      This lady has been on almost every comments, maintaining her positive strategy

    • @MitchellWealth
      @MitchellWealth 21 день тому

      HOW DO I GET ON THIS?????🙏

  • @user-pz1tn3ki6z
    @user-pz1tn3ki6z 22 дні тому +8

    One of the most practical and intelligent men out there.keep up the good advise

  • @richhands5269
    @richhands5269 22 дні тому +17

    My three favorite Finance channels: Richard Fain, Stock Brotha, & Larry Jones. Make my week complete! 🔥 🔥 🔥

    • @Algaretemusic
      @Algaretemusic 21 день тому

      Stock brotha and larry jones are just scammers, you need a pimp slap for even commenting on those fools..

    • @hyster2568
      @hyster2568 18 днів тому

      I thought it was minority mind set😅😅

  • @naturallyyours3718
    @naturallyyours3718 22 дні тому +4

    Thanks for your time and dedication ❤

  • @LupeBaptista
    @LupeBaptista 21 день тому +47

    I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

    • @HaroldsTKO
      @HaroldsTKO 21 день тому +2

      keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

    • @Panamounts12
      @Panamounts12 21 день тому +1

      just came across the consulting page of 'Katherine Nance Dietz after inputting her full name on the web, super impressed with what i've seen so far ... thanks for putting this out

    • @frankstudent
      @frankstudent 21 день тому

      Seek a financial advisor…not someone on UA-cam. That’s not what Richard does here. Sit down with someone and go over your portfolio.

  • @e-rod209
    @e-rod209 22 дні тому +6

    Excessive Consumerism, following dreams that don't add up to a financially viable profession, and living in the moment like there are no consequences. They can do what they do but There Will Be A Reckoning!

  • @flowerforsyte5671
    @flowerforsyte5671 21 день тому +2

    America is NOT the greatest country in the world!
    Stop saying that Mr. Richard Fain.

  • @user-cq7uf4xh2x
    @user-cq7uf4xh2x 21 день тому +5

    What does it profit a man to gain the whole world and lose his own soul? 😢

    • @glenngriggs6445
      @glenngriggs6445 21 день тому

      Get on board while you still can

    • @k.o.t.kingoftruck3419
      @k.o.t.kingoftruck3419 21 день тому

      Mostly all of the prophets were wealthy and I would guess that mostly all of the prophets went to heaven. I don't know, I could be wrong though

  • @ken85225
    @ken85225 22 дні тому +3

    185 Billion increase in household debt......doing the math...that's $500 for every man, woman, and child.

  • @teresaking7301
    @teresaking7301 20 днів тому

    Right here 😢

  • @8thavesmokersclub
    @8thavesmokersclub 22 дні тому

    Signed up to Moomoo Friday

  • @ruggiero541
    @ruggiero541 21 день тому

    Thanks Joe!

    • @WafflesAdventure
      @WafflesAdventure 21 день тому

      It's our individual faults, not some president 🤣

  • @fredflint8399
    @fredflint8399 21 день тому +2

    House hold debt rose due to only one thing. Inflation. Anything else is a lie.

  • @walkerayers4894
    @walkerayers4894 21 день тому

    Love and appreciate you bub

  • @nellyngugi8381
    @nellyngugi8381 21 день тому

    Great 👍

  • @FatherWithDon
    @FatherWithDon 22 дні тому +2

    Ion know about 😂all that bruddah but I will say I do be seeing prices go up sometimes

  • @IYELLALOT-bb4bq
    @IYELLALOT-bb4bq 21 день тому +1

    Unbelievable and than go out and buying new cars and homes when people start telling me about the rich and how they are broke I tell them stop paying your cable tv

  • @yoyoclockEbay
    @yoyoclockEbay 21 день тому +1

    There are no financial fundamentals, there is nothing fundamental at all in this country about finances since this is not taught at schools at all.

  • @richardvaughn5645
    @richardvaughn5645 22 дні тому

    Thank you Richard for helping him to be able to hold hands with ham again

  • @user-su1kj6bh3x
    @user-su1kj6bh3x 22 дні тому +3

    Nvidia stock is splitting on 6/7/2024!

  • @everette8615
    @everette8615 22 дні тому +2

    Thank you for the advise on home equity. We've never touched it. I'm gonna focus more on just paying of my home. Its worth 450K only owe 140K.

  • @jasonbullins6638
    @jasonbullins6638 21 день тому

    I am starting slow just to rest it out maybe couple bucks

  • @richardvaughn5645
    @richardvaughn5645 22 дні тому

    How about that image of little Marquis

  • @wayne9489
    @wayne9489 22 дні тому +1

    😊

  • @Danish-Thai
    @Danish-Thai 22 дні тому

    ❤❤❤

  • @mauromartinez3091
    @mauromartinez3091 21 день тому

    Richard so much of you say is so 'True...In Palm Springs 🌴 right now Listening to you by the 'Pool...Watching the Guest live it up....Not $$ Cheap...Never the less i Enjoy what you talk about and 'Yes ' Am Monitoring my $$$ Asset's 'Daily....❤❤

  • @feistygrandma2636
    @feistygrandma2636 21 день тому

    Depressing

  • @joannaa.5101
    @joannaa.5101 22 дні тому +1

    Inflation is managed robbery. Maybe we need less service industry and get innovative and flexible with work. You know who feels it most employers who don't want people to work from home. They are too concerned about how the employee delivers the product instead of bouncing the real slugs out of their company. Remember slugs can work anywhere up and down the ladder.

  • @jasonbullins6638
    @jasonbullins6638 21 день тому +1

    Hey I know this is asking a lot but I need help understanding my webull accnt

  • @user-tx3ju1li2l
    @user-tx3ju1li2l 22 дні тому +3

    My neighbors have a daughter who has always lived with them. They sent her to college. She may have lasted 2 years, She has had numerous cars since she started driving. Then she worked at the mall. Finally she got a job with PD as a dispatcher.. First thing she did was buy a new SUV Then she got knocked up. So now she is living there with a new baby and the baby's father is there also. Yesterday I saw her driving a new Subaru. The father works and has a business. When his business was doing well he went out and bought every toy he hever wanted. He bought a fully dressed Harley motorcycle, a boat, Jet skis and he went to Sturgis every year. He made all that money from 1 client, then that client dropped him. He has 2 big trucks for that business and they just sit on the curb. He has 13 vehicles at the curb in my block. He once told me that he was going to have to work until he dies. I'M thinking he must have a lot of debt.

    • @msjr5257
      @msjr5257 22 дні тому +3

      Stalker ALERT 🚨
      Sounds like that nosy neighbor that knows everything that’s going on with everyone in the neighborhood. At least make yourself useful and set up a neighborhood watch and stop bashing your neighbors on social media. I’m sure tomorrow morning you’ll be waving and smiling at your neighbor. “Howdy neighbor! ✋ what’s new?”

    • @jayc4715
      @jayc4715 22 дні тому +1

      You're a pocket watcher

  • @HeyMsVal
    @HeyMsVal 21 день тому

    I have a friend who couldn't pay for a plumbing problem. $7000. Thats steep. But daddy paid ALLl of it for her. A couple months later she's driving a brand new car. Bad decision.

  • @lili2u405
    @lili2u405 21 день тому +1

    My daughter lost her job in November, after just buying a house in 2022. I'm retired & on a fixed income, but I helped her with auto repairs & mortgage payments, because I didn't want to see her lose her house & she needed the car to DoorDash while looking for work. Fastforward to now, she found another job in her field & she makes $47/hour, not including overtime & bonuses...do you think she'll pay me back my thousands? 😂

    • @jj-eo7bj
      @jj-eo7bj 21 день тому

      I would think she will pay you back

  • @CoolestGuyInTheRoom
    @CoolestGuyInTheRoom 22 дні тому

    So broke can't open my MooMoo account 😭

  • @HeyMsVal
    @HeyMsVal 21 день тому +1

    I have always been afraid of being broke. I so I've always tried to be prepared for hard times. I own one house outright that I rent out. I rent out a room in my current home. I work part time at one job and prn at another. I just started selling on eBay a month ago. Things are going well 😊
    My only concern is the rising cost of home owners insurance. Its astronomical here in Florida.

    • @Track20x20
      @Track20x20 21 день тому

      Keep providing value to someone and you will be fine.

  • @cylon5741
    @cylon5741 20 днів тому

    How is ihat the "Number One" economy in the world is $34 trillion in debt and adding another trillion every hundred days or so? House of Cards? Credit Card spending?

  • @msj2928
    @msj2928 22 дні тому +1

    You’re speaking some really hard truths today. Now is the time to invest in the market.

  • @ronblauvelt7457
    @ronblauvelt7457 22 дні тому

    Making more money is the solution 🤔

  • @hungsolo8948
    @hungsolo8948 21 день тому +2

    These are all facts, but as a world traveler and currently living in SE Asia…. This is not just an American way of living. I’ve seen it in every country I’ve been to and it’s actually worse in Asian countries. Image is everything in Asia.
    BTW… your channel and your style, but insulting us all as a group and talking down to us like we’re all your hated step children may not be the affective teaching style as you think it may be. Seems you’re not reading the room. We are here to learn and invest and get rich and listen to you. All the people you’re attacking and belittling are NOT here trying to improve themselves. They’re watching prank videos and eating Cheetos on their mom’s basement couch.
    Teaching with love and caring is better than teaching with force and belittling, stomping on people already down and out to make them feel worse about themselves and their financial situations. They’re going to turn off the channel and go back to prank YT videos, which you say you don’t care about…. But you do…. And we know why. 😉
    Love your videos 99%of the time but not interested in receiving the disrespect that comes along with all the good.✌🏻

  • @marcedwards2464
    @marcedwards2464 21 день тому

    You are halfway right most entrepreneurs get rich from borrowing and investing in family members credit in Banks the youngest millionaires Forbes this year done it with no inheritance you need to get wealthy so your kids can borrow money to start business that's the way it works

  • @joannaa.5101
    @joannaa.5101 22 дні тому

    I'd we didn't lose AAA status and countries joining BRICS and unchecked spending out the door, and the dollar us no longer good enough and our word in the world being so weak. We were once number 1. Propaganda is the driver in our economy until the wheels come off.

  • @boodini6711
    @boodini6711 22 дні тому +2

    II LIKE YOU BECAUSE YOU ARE NOT BLAI MING THE WHITE MAN!!!! BY THE WAY THE UNITED STATES IS THE GREATEST COUNTRY EVER TO MAKE MONEY 💯💯💯💯

  • @richardvaughn5645
    @richardvaughn5645 22 дні тому +2

    Who cares about money when you're working for the Beast and His image

  • @nickysunshine8734
    @nickysunshine8734 19 днів тому

    Respectfully Sir… you’re out of touch. It’s not people’s choice that HOUSING is ridiculously expensive. You may be a homeowner at a time when it was more of a reachable goal. You can’t judge. Just a example the worse area in my State…to rent a 1 bedroom in the Low income areas/the hood. Nothing less than $1900-2100. That is just for 1 bedroom. Two bedroom in the worst area are expensive. So imagine areas That are considered “Safe” …smh. It’s not easy even for those who are NOT in consumer debt. Not trying to keep up with the Jones. Just trying to keep a roof over their head.

  • @liamwalter2921
    @liamwalter2921 21 день тому +3

    *My friend. I appreciate the time you spend on keeping us informed about the economy. As of May 28th 2024. I count on $2,500 what do you suggest me to invest in?🇺🇸🇺🇸*

    • @pushparaj-sh6js
      @pushparaj-sh6js 21 день тому +3

      The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of a financial advisor with extensive financial market knowledge like Elinda McKee.

    • @user-mz6qz3ip3h
      @user-mz6qz3ip3h 21 день тому +2

      Absolutely! Everyone needs a different stream of income, having a job doesn't mean security due to the high rate of tax,one needs to move ahead of their expectation.

    • @yeemayle
      @yeemayle 21 день тому +2

      I am grateful to you Ms Elinda McKee and I am happy to have met you Madam. I sincerely say it's a privilege to meet and invest with you. Your platform earned me a lot of profit. I say, thank you Ma'am.

    • @cathleenhuth3468
      @cathleenhuth3468 21 день тому +2

      I am grateful to her. though I started with as low as $1,000 actually because it was my first time and it was successful she's a great personality in the state

    • @WillsGabna
      @WillsGabna 21 день тому +1

      Please How do I contact her?????????????

  • @richardvaughn5645
    @richardvaughn5645 22 дні тому +1

    Four Horsemen apocalypse black horse economy collapsing America food prices skyrocketing Zechariah and Nehemiah had the same color shirt almost

  • @teresaking7301
    @teresaking7301 20 днів тому

    Richard am new please help me open a moomoo account