Why I Stopped Watching Financial Youtubers
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- Опубліковано 9 чер 2024
- The real reason I stopped watching financial youtubers, besides making some financial videos myself.
I feel like a lot of times all the advice given is to make people money, but no-one cares about your finances, only their own.
I wanted to make this video because I stopped listening because I feel like most advice sound like fake, or there is a sense of urgency which is not there, or their advice a lot of times makes no economic sense, or they all just follow and recommend a “get rich quick” scheme, in the end it becomes repetitive.
I feel like I distinguish myself as I educated myself and got a Master in Finance and a Bachelor in economics, and now i want to help you get educated.
For no means this is to trash talk everyone, as there is actually some great financial advice out there.
Timestamps:
00:00 Introduction
00:17 Testing The Theory
05:50 Generating Panic and Urgency
09:44 Get Rich Quick Schemes
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Disclaimer: This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as professional advice of any sort. Some of the links above may be affiliate link. I earn commission from qualifying purchases.
What is the advice they gave that you were like "wtf is this"?
What's your view on "How money Works"...
@@nitrogamer534 you mean their channel or what do you mean?
Watching this in the background and then saw the lack of views and subs, really good video, deserves a lot more recognition. Keep up the good work!
Thank you for the comment! I really appreciate you stopping by
good I love the video quality
I'm glad you like it
Not sure what you’re talking about. 6 years ago I was 40k in debt and did everything Dave Ramsey said and I just put a down payment on a house.
Hey! I see where you are coming from. Of course everyone’s finances are different, and there are great finance youtubers out there. I think Ramsey and Caleb Hammer are among others, a few that actually provide value, and not just try to make money
Congrats on the house as well!
Nice!
Thank you! Cheers!
I was always taught to 'save' money for later, just save it on a bank account. However, although saving is still better than spending it on random not-needed consumer goods, saving actually loses buying power so quickly over time because of inflation and money printing by governments. Rather (safely) invest in ETFs like you mentioned as S&P500, and take a 'gamble' on riskier investments like crypto with money you can easily miss. Cheers!
I agree with your philosophy and approach to money! Always nice to have some extra funda to have fun 😜
Is not a financial UA-camr problem it’s a get rich quick mentality problem. Andre doesn’t tell you to buy these stocks he just tells you what HE invested in. If you follow him that’s on you.
Indeed! Getting rich fast is not really an option unless you take on a lot of risk! I personally don’t follow him, but i talked from what i found while researching
To be fair, Stock Mo was making predictions based on the current stock rotation at the time. Growth stocks were performing best and then it rotated back to technology, blue chip, and strong bottom lines. Without the hype, the growth stocks plummeted back to more realistic P/E.
Additionally, give COIN another year, it will no doubt be positive due to the next stock market rotation's theme which is AI. If one doesn't know about stock market rotations, then they really should be in index funds like the S&P500. It's simply not stimulating for the instant gratification gambling center in our brains to engage in high emotion high risk high reward hopes.
The generation of panic and click bait on the other hand... tiresome. Thumbnails hardly work for me anymore, I've become so numb.
Hey thank you for watching! I do have to say i don't really watch Stock Mo because I don't like his content, but I get that he was jumping on the stock rotation wagon to also grow his audience himself.
We'll see what COIN does.. cannot predict that!