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@VIPFinancialEd 2 күн бұрын
Timestamps: 0:00 - Money Misinformation Revealed 1:50 - Myth 1 3:16 - Myth 2 4:27 - Myth 3 5:37 - Financial Empowerment
@peterjacobs6290 4 күн бұрын
Ha this aged well 😂😂😂
@Rocket-x9v 4 күн бұрын
The FICO score system is the dumbest system I have ever seen whoever invented it the way it is must be a 4 year old. If you pay off your mortgage or loan they actually penalize you and your score gets lowered, But if you have 9 loans out there and live paycheck to paycheck to pay them off your score goes up. This is how stupid the system is. So they pretty much penalize you for paying off your bills and lower score when it should be the opposite, Your score should go up if you pay off a bill, So the person or company who came up with this system must be an idiot.
@jcharris2501 12 күн бұрын
What a moron. As if barely $1000 PER YEAR is anything ?!
@VIPFinancialEd 2 күн бұрын
Let’s put it this way - say someone knocks on your door once a year to give you $1,000 cash. Is that still barely anything to you or are you looking forward to their visit every year?
@lowrider5717 15 күн бұрын
You’re not taking into account people losing their jobs on this market also so I’m not so sure about prices going up but time will tell also you have black rock buying everything too
@BUCKNFEST2189 16 күн бұрын
AFTER 3 PLUS YEARS OF PUCK YOU RATES AT 7 , NOW OBAMA MAKES IT LOWER FOR AN ELECTION . GAS WAS 5 A GALLON NOW DOWN TO 2.75 FOR AN ELECTION. HOPE MILK AND EGGS ARE NEXT OAMAMA OR IS IT O'BIDEN ?
@FloridaManConstruction 16 күн бұрын
There is a reason they don’t teach amortization in school. All bankers are thieves. Unfortunately, now they want not just your money, but ownership of all natural resources, all intellectual resources including our thoughts and our very souls. Happy apocalypse everyone.
@Wade453 17 күн бұрын
Social Security and strategic funding retirement plans, such as 401(k), IRA, and pension plans, can provide a sustainable income stream and financial security in retirement.
@LilianScott-dy5nz 17 күн бұрын
What's the ideal retirement savings rate? I've heard 10% to 15% of income.
@TheDuke792 17 күн бұрын
That’s correct. And don’t forget to take advantage of employer matching. It’s essentially free money that can significantly boost your retirement savings.
@ThomasColt 17 күн бұрын
How does Social Security fit into the overall retirement plan?
@MikeHollow-rz5dl 17 күн бұрын
Social Security typically replaces 40% of pre-retirement income. Supplement with retirement accounts and other sources to ensure a comfortable retirement.
@Tylerjames-v7m 17 күн бұрын
Absolutely. My financial advisor recommends maximizing 401(k) contributions and exploring annuity options. This strategy provides a substantial retirement income stream and help ensure financial security.
@3111windyhollow 17 күн бұрын
The tyrant, who in order to hold his power, suppresses every superiority, does away with good men, forbids education and light, controls every movement of the citizens and, keeping them under a perpetual servitude, WANTS THEM TO GROW ACCUSTOMED TO BASENESS AND COWARDICE, has his spies everywhere to listen to what is said in the meetings, and spreads dissension and calumny among the citizens and impoverishes them, is obliged to make war in order to keep his subjects occupied AND IMPOSE ON THEM PERMANENT NEED OF A CHIEF. Aristotle
@Dc343jfu4 18 күн бұрын
Great info! I never bought into the whole retirement accounts strategy. If you research them enough, give it some critical thinking, you can clearly see why they are pushed so hard and who benefits the most from them….its not the investor 😂
@Truckerdaddy 18 күн бұрын
Ol Dave Ramsey would have a field day with this guy
@ewinslow822 18 күн бұрын
Reasons deferring taxes can work: 1) save at marginal rate vs pay at average rate 2) state taxes, which you can move away from 3) charitable giving. QCD doesn't require itemizing.
@davidd6660 17 күн бұрын
not to mention the fact that youre avoiding years of tax drag to potentially build a larger nest egg. Then there are roth accounts that don't suffer from tax drag at all. As far as I'm concerned the life insurance pyramid scheme is a scam. Yall insane. Or talking your book.
@ko5034 19 күн бұрын
How do business owners have more control when something like covid happens? 99% of businesses fail. Dollar cost averaging has never failed anyone in a tax deferred retirement account. This is terrible advice.
@Dc343jfu4 18 күн бұрын
The average retirement account at 65 is less than 300k from everybody that followed that conventional advice. Seems like a failure to me unless you think you can retire on 300k in this world lol
@josefj1776 7 күн бұрын
It is actually about 45% fail in the first 5 years. And at 15 years you are at 80%. Dollar cost averaging fails when you failed to invest enough. Or when like many Americans they pull that money out of the retirement account. If people invest 15-20% in low cost index funds and don’t pull it out then yes it is 100% win and they can become millionaires.
@josefj1776 7 күн бұрын
@@Dc343jfu4yes I could as the average pension is $500 a month. But I won’t have to as I am not doing what the average American does and that is pull money out of their retirement accounts. Also remember that number is of the people who actually saved it is much lower when you include people who have done nothing.
@Dc343jfu4 6 күн бұрын
That’s exactly what Wall Street wants you to believe lol. Data says otherwise if you look hard enough
@ko5034 19 күн бұрын
I think it should also be mentioned that the majority of business owners do not succeed. I can understand that if you are a successful business owner you most likely can outpace the 10% returns from a tax deferred 401k. But I generally think this is not good advice for the average person. The average person is not going to be able to succeed in business. They need to put their money away for the long-term and having it automatically taken out of the paycheck is also good for the average person that doesn't have the discipline to save. The majority of people calling in to Dave Ramsey that are in financial trouble are business owners. I don't think this is good advice for the average person.
@VIPFinancialEd 19 күн бұрын
Thanks for the comment - this is certainly something to consider. Some people are not cut out for business and even those who are won't be guaranteed success - if it were easy everyone would do it!
@ko5034 19 күн бұрын
If you need life insurance they say to do a Term Policy. Insurance and Investments should never be cold mingled. They both have a purpose that is independent of each other.
@ewinslow822 17 күн бұрын
@@ko5034 whole life insurance is not investment. Compare it to cash/bonds, not equities.
@ko5034 19 күн бұрын
I don't know any respectable investor that recommends Universal or whole life insurance.
@ewinslow822 17 күн бұрын
@@ko5034 do you know any respectable investor that keeps cash around?
@ko5034 19 күн бұрын
Would you recommend roth 401ks and Roth iras? Both of my employers offer Roth 401k so my money can grow tax deferred. I also have an HSA investment that cannot be taxed. Would you not recommend these?
@VIPFinancialEd 19 күн бұрын
Yes, I'd recommend those for sure - Roths are solid and so are 401k's - this video was just one perspective - obviously most people will be best suited to run with whatever plan their job offers and supplement beyond that. That said, there are ways to generate more wealth for retirement like the ones talked about in this video. The added potential does come with added effort and may come with added risk as well (starting a business for example). These won't be good for everyone as consistency is the most meaningful aspect in building a nest egg for retirement. The best and most basic advice is this: find something you can be consistent with and stick with that.
@762foryou 19 күн бұрын
Love when you guys have MC on! Infinite banking works and it's been proven thousands of times.
@VIPFinancialEd 19 күн бұрын
We love having MC on too! Appreciate the comment!
@billv6813 20 күн бұрын
Bidenomics .😮
@vanillatgif 20 күн бұрын
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.
@grizbaseball 20 күн бұрын
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
@ysareyes 20 күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
@BraunRob 20 күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@amytuttle1621 20 күн бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@faysdt414 20 күн бұрын
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
@danmeehan1390 21 күн бұрын
The West going after the Oligarchs helped Putin.
@Sweppy 21 күн бұрын
Matt I for one love this new format; gives us valuable insight to your personal priorities & mindset, which happen to align with my own, which makes me feel all the better about my choice in trusting your guidance & applying it to guiding my own family. Well done sir. -Bill
@VIPFinancialEd 20 күн бұрын
Thanks, Bill!!! Appreciate that feedback!!
@Spin_ya_block 21 күн бұрын
Fox News said you're wrong. They said it was a political stunt to get VP Harris to win the upcoming election.
@agingskaters3961 21 күн бұрын
Hmmmm
@kylekeeler 21 күн бұрын
Looking good man!
@silentwalk1768 21 күн бұрын
Banks what a scam corrupt as f***
@VIPFinancialEd 23 күн бұрын
Find out if becoming your own banker is a good fit for you and your family by emailing MC at: ► ** [email protected] ** Please include your name & phone number in your email and 'IBC' in the email description.
@VIPFinancialEd 23 күн бұрын
Timestamps: 0:00 - Intro 0:56 - The 401k Scam 6:45 - Infinite Banking Concept
@SP-vt2fl 24 күн бұрын
Great advice I love your channel
@robertflannagan6093 26 күн бұрын
Feds cut the rate because of upcoming elections no other reason
@iamtheceo 26 күн бұрын
He effortlessly talks about credit, capital, and cash flow while getting attacked by Froyo
@VIPFinancialEd 23 күн бұрын
Can't let Froyo side track the message!
@Anonymoustruth293 26 күн бұрын
The amount of independent mortgage brokers increased 10.3% from 2019-2024 and 6.48 % from 2023-2024 😅
@VIPFinancialEd 27 күн бұрын
Timestamps: 0:00 - Intro 1:12 - Fed Rate Drop 2:32 - What Does This Mean For You? 3:05 - Impact on Mortgages 5:16 - Impact on Real Estate Market 9:07 - Why the Fed Did This
@GoldyRPG 28 күн бұрын
Good reminders Matthew! Your place looks awesome!
@Riggsnic_co 29 күн бұрын
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@martingiavarini 29 күн бұрын
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
@kevinmarten 29 күн бұрын
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@JacquelinePerrira 29 күн бұрын
Mind if I ask you to recommend this particular coach you using their service?
@kevinmarten 29 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@JacquelinePerrira 29 күн бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@VIPFinancialEd 29 күн бұрын
Timestamps: 0:00 - 1031 Exchange Basics 4:04 - 1031 Timelines & Rules 6:50 - Common Troubles 7:29 - Vacation Homes 8:45 - Reporting to the IRS
@camthemanis2kool Ай бұрын
Zero advice from this video and why the heck are vectors and matrices spinning on the bottom? Doesn’t make this smarter, just tries to cover how this adds zero value. Know your niche.
@TheHarryChanne1 Ай бұрын
If the heloc credit counts as a second mortgage, if the borrower declares bankruptcy, they are more likely to lose their primary residence. Cc debt is not secured. Please correct me if I'm wrong.
@fromthebirchwood Ай бұрын
With markets tumbling, inflation soaring, and the Fed imposing large interest-rate hike which means more red ink for portfolios. I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio, or are there ways I can safely profit from this volatile mkt?
@Charlesman_T Ай бұрын
An uptick in volatility is not necessarily a bad thing, there are opportunities to be found even in this whirlwind. Best advice just get yourself a seasoned advisor to guide you in this current market
@LaurelCandice Ай бұрын
Exactly why i enjoy my day to day market decisions being guided by a portfolio-advisor, seeing that their entire skillset is built around going long and short term at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform. I've been using an advisor for over 4 years since the pandemic, and I've netted approx. $1.3m after 100s of thousands invested so far.
@alan_drees Ай бұрын
@@LaurelCandice this is huge! your advsor must be grade A, mind sharing more info please? in dire need of proper asset allocation
@LaurelCandice Ай бұрын
I take guidance from ''Karen Lynne Chess'' she's quite known in her field of work with over two decades of experience, and well spoken.
@Mary-Flint Ай бұрын
excellent share, curiously inputted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
@nguyenhungF5 Ай бұрын
Couldn’t have said it better myself my friend
@KimMyTri Ай бұрын
🔥🔥🔥
@TranThuyLanHuong Ай бұрын
Good post Matt
@lenuongV7F9 Ай бұрын
Bad reviews about vip yall 👀
@TháiHoàngQuyên Ай бұрын
Search vip financial education reviews and that will tell you everything you need to know.
@Kevinbrian1 Ай бұрын
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
@Benjaminarmstrong684 Ай бұрын
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@Joegolberg1 Ай бұрын
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@Kevinbrian1 Ай бұрын
How can i get started when it comes to investing and passive income?
@Joegolberg1 Ай бұрын
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics<<
@Joegolberg1 Ай бұрын
he often interacts on Telegrams
@762foryou Ай бұрын
Matt, did you just put in an initial investment into the company? and is that initial investment the only capital you had to provide? Do you get a royalty from the company or a percentage? I'm just curious because I am looking at investing in a service business.
@VIPFinancialEd Ай бұрын
My initial investment was $50,000 which gave me 50% ownership of the business. Not a royalty setup - I work with my partner (the other 50% owner) to determine where the profits are allocated. At the moment we are choosing to reinvest the profits back into the company. Long term play is building this to multiple locations and selling the business down the line. I talk more in depth about this in another video, which I'll link below
@VIPFinancialEd Ай бұрын
kzbin.info/www/bejne/mn-VqYxnnZaLiq8
@762foryou Ай бұрын
@@VIPFinancialEd Excellent! Thanks Matt for all you do man!
@RaquelSantiago-b8b Ай бұрын
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
@SidneyBrookmanDavis Ай бұрын
How please
@SidneyBrookmanDavis Ай бұрын
I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
@RaquelSantiago-b8b Ай бұрын
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
@RaquelSantiago-b8b Ай бұрын
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
@Olivia-k6t Ай бұрын
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
@stormchaser419 Ай бұрын
The state of the exploitative capitalist system that has been screwing you over for decades. That should be the title.
@VIPFinancialEd Ай бұрын
Haha - may be too long a title for KZbin
@stormchaser419 Ай бұрын
@@VIPFinancialEd 😂😂 True
@VIPFinancialEd Ай бұрын
Timestamps: 0:00 - Intro 1:57 - 3 Economic Concerns 2:12 - Inflation and Cost of Living Crisis 3:06 - High Interest Rates 3:40 - Stagnant Wage Growth 5:13 - 3 Financial Truths 5:30 - THIS Leads To Poor Financial Decisions 6:22 - Liquidity & Cash Flow 9:22 - Emotional Spending 10:39 - 4 Steps To Survive & Thrive
@cynbadlonewolf9455 Ай бұрын
This may be way beyond me or too late. I need 125 bucks for ins so I don’t get a 500 fine. Like NOW. Already evicted. F ing ugh
@762foryou Ай бұрын
Thank you for putting in those timestamps! Super Good information here. I wish I could pay down my mortgage, but business has been very sloooow lately.