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

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  • Опубліковано 26 вер 2024
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    RF Financial Consulting LLC
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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 • 84

  • @KarenLavia
    @KarenLavia 4 місяці тому +158

    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. 4 місяці 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

    • @bernadofelix
      @bernadofelix 4 місяці тому +2

      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.

    • @bernadofelix
      @bernadofelix 4 місяці тому +2

      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.

    • @HectorWhitney
      @HectorWhitney 4 місяці тому +1

      I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

  • @mathahplay7018
    @mathahplay7018 4 місяці тому +9

    *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 4 місяці тому +1

      HOW DO I GET ON THIS ?????? 🙏🏻

    • @mathahplay7018
      @mathahplay7018 4 місяці тому +2

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

    • @mathahplay7018
      @mathahplay7018 4 місяці тому +2

      *VIVALEE BEST*

    • @mathahplay7018
      @mathahplay7018 4 місяці тому +2

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

  • @LeonidaAlvarado
    @LeonidaAlvarado 4 місяці тому +8

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

  • @richhands5269
    @richhands5269 4 місяці тому +17

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

    • @Algaretemusic
      @Algaretemusic 4 місяці тому

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

    • @hyster2568
      @hyster2568 4 місяці тому

      I thought it was minority mind set😅😅

  • @naturallyyours3718
    @naturallyyours3718 4 місяці тому +4

    Thanks for your time and dedication ❤

  • @e-rod209
    @e-rod209 4 місяці 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!

  • @ken85225
    @ken85225 4 місяці тому +3

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

  • @StopBitingHandles
    @StopBitingHandles 4 місяці тому +5

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

    • @glenngriggs6445
      @glenngriggs6445 4 місяці тому

      Get on board while you still can

    • @k.o.t.kingoftruck3419
      @k.o.t.kingoftruck3419 4 місяці 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

  • @flowerforsyte5671
    @flowerforsyte5671 4 місяці тому +2

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

  • @fredflint8399
    @fredflint8399 4 місяці тому +2

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

  • @IYELLALOT-bb4bq
    @IYELLALOT-bb4bq 4 місяці 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 4 місяці 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.

  • @user-su1kj6bh3x
    @user-su1kj6bh3x 4 місяці тому +3

    Nvidia stock is splitting on 6/7/2024!

  • @teresaking7301
    @teresaking7301 4 місяці тому

    Right here 😢

  • @HeyMsVal
    @HeyMsVal 4 місяці 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 4 місяці тому

      Keep providing value to someone and you will be fine.

  • @joannaa.5101
    @joannaa.5101 4 місяці 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.

  • @FatherWithDon
    @FatherWithDon 4 місяці тому +2

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

  • @HeyMsVal
    @HeyMsVal 4 місяці 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.

  • @KRTN6CFT
    @KRTN6CFT 4 місяці 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 4 місяці 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 4 місяці тому +1

      You're a pocket watcher

  • @everette8615
    @everette8615 4 місяці 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.

  • @lili2u405
    @lili2u405 4 місяці 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 4 місяці тому

      I would think she will pay you back

  • @richardvaughn5645
    @richardvaughn5645 4 місяці тому

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

  • @cylon5741
    @cylon5741 4 місяці 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?

  • @mauromartinez3091
    @mauromartinez3091 4 місяці 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....❤❤

  • @nellyngugi8381
    @nellyngugi8381 4 місяці тому

    Great 👍

  • @msj2928
    @msj2928 4 місяці тому +1

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

    • @marietaylor5174
      @marietaylor5174 4 місяці тому

      It's best to invest in the market yearly!

    • @yoyoclockEbay
      @yoyoclockEbay 4 місяці тому

      Invest how, no one got any money.

  • @8thavesmokersclub
    @8thavesmokersclub 4 місяці тому

    Signed up to Moomoo Friday

  • @ruggiero541
    @ruggiero541 4 місяці тому

    Thanks Joe!

    • @WafflesAdventure
      @WafflesAdventure 4 місяці тому

      It's our individual faults, not some president 🤣

  • @walkerayers4894
    @walkerayers4894 4 місяці тому

    Love and appreciate you bub

  • @richardvaughn5645
    @richardvaughn5645 4 місяці тому

    How about that image of little Marquis

  • @jasonbullins6638
    @jasonbullins6638 4 місяці тому

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

  • @joannaa.5101
    @joannaa.5101 4 місяці 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.

  • @jasonbullins6638
    @jasonbullins6638 4 місяці тому +1

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

  • @CoolestGuyInTheRoom
    @CoolestGuyInTheRoom 4 місяці тому

    So broke can't open my MooMoo account 😭

  • @marcedwards2464
    @marcedwards2464 4 місяці 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

  • @feistygrandma2636
    @feistygrandma2636 4 місяці тому

    Depressing

  • @wayne9489
    @wayne9489 4 місяці тому +1

    😊

  • @Danish-Thai
    @Danish-Thai 4 місяці тому

    ❤❤❤

  • @boodini6711
    @boodini6711 4 місяці 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 💯💯💯💯

  • @ronblauvelt7457
    @ronblauvelt7457 4 місяці тому

    Making more money is the solution 🤔

  • @richardvaughn5645
    @richardvaughn5645 4 місяці тому +2

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

  • @nickysunshine8734
    @nickysunshine8734 4 місяці 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.

  • @richardvaughn5645
    @richardvaughn5645 4 місяці тому +1

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

  • @teresaking7301
    @teresaking7301 4 місяці тому

    Richard am new please help me open a moomoo account

  • @liamwalter2921
    @liamwalter2921 4 місяці тому +2

    *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 4 місяці тому +2

      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 4 місяці тому +1

      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 4 місяці тому +1

      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.

    • @barbradevino6870
      @barbradevino6870 4 місяці тому +1

      *SHE’S MOSTLY ON THE TELEGRAMS APP WITH THE NAME SEEN BELOW’*

    • @barbradevino6870
      @barbradevino6870 4 місяці тому +1

      *Mckeeusa*