Can We Use a HELOC to Finish Our Basement?
5:52
Пікірлер
@RobWilliams007
@RobWilliams007 21 сағат бұрын
Luck is putting yourself in the path of it. I tell my kids, the more paths you travel on, the more opportunities and people you will meet.
@RobWilliams007
@RobWilliams007 21 сағат бұрын
Best financial decision I made was getting a divorce. I’d be broke going into retirement! Pick your significant other well!
@RobWilliams007
@RobWilliams007 21 сағат бұрын
Kin folks move away from there. Tennessee is the place ya outta be.
@soothingrelaxationandmedit68
@soothingrelaxationandmedit68 Күн бұрын
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,, thank you.
@soothingrelaxationandmedit68
@soothingrelaxationandmedit68 Күн бұрын
that's a good path, focus on a good strategy, relax back and watch it compound within the years. In good time you'll see returns.
@camela8445
@camela8445 23 сағат бұрын
No doubt being financially free cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
@camela8445
@camela8445 23 сағат бұрын
Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan tax strategies accordingly.
@Deitricklaverne
@Deitricklaverne 23 сағат бұрын
Certainly but the problem is that don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high in these challenging conditions.
@Deitricklaverne
@Deitricklaverne 23 сағат бұрын
the strategies for diversification into other commodities are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
@MsCristina38
@MsCristina38 Күн бұрын
The best decision I ever made as a disabled woman was not to have kids. I don’t have to worry about anyone else or doing a terrible job raising them. It’s such a massive relief to only be responsible for myself.
@JustinLietz
@JustinLietz Күн бұрын
With my current savings plan I’ll be over a million before I’m 40 and I know that moment will be so liberating because I can basically choose whatever I want to do for work and money
@djsnowpdx
@djsnowpdx Күн бұрын
As someone making less than six figures, I find the comments directed to my demographic in this clip very confusing. We’re supposed to save 25%, so I do, before hitting my retirement account limits, and I skip to step 7, but step 7 is still saving and investing, just in a more flexible (also known as leaky) account with fewer tax advantages. Once we’re saving and investing 25%, is everyone, regardless of income, allowed to skip to step 8 and fund abundance goals? Also, what do you do when you have even more flexible income after saving 25%, and you don’t know what your life is going to look like yet?
@jirehguy
@jirehguy Күн бұрын
7:17 had me bursting out laughing when Brian got up running. I have never seen that before.
@JosephDickson
@JosephDickson Күн бұрын
The Money Guy Show provides a decent answer. Dave Ramsey would have told them to sell the house and then go on an unhinged rant for an hour.
@Stocklove
@Stocklove Күн бұрын
100k now will be worth the value of 1m in 50 years from now. Please speak about this you noobs lol.
@christinad1651
@christinad1651 Күн бұрын
Vwa-lah 😊
@Jean831112
@Jean831112 Күн бұрын
Very intelligent answer. Personally I'm doing half nand half, both paying off my debt and investing into my future.
@danielgeorges3048
@danielgeorges3048 Күн бұрын
All you people saying “just need that million” with your eye rolls. I started investing at 20 years old. Zero balance to start. High school diploma. Invested money crossed the $1M mark after 19 years of steady investing every paycheck. What’s cooler? It only took 4.5 years to cross the $2M mark (this past March). Today? $2.1M. Yes, $100,000+ in less than 4 months. Single income, family of 5. What these guys say is true. Sacrifice a little today… it’ll pay off down the road! Goal is $5M at 55 and retired. Should be able to get there.
@The-Financial-Hooper
@The-Financial-Hooper Күн бұрын
The Tuesday live questions are great, don’t get me wrong….. but there is always some extra insight in these Friday deep dives! 🧠📈
@elchotaloks63
@elchotaloks63 Күн бұрын
Nice
@mlurch
@mlurch Күн бұрын
Holy Hannah, I didn’t realize how much I needed this video. After consuming so much social media, I needed this reality check to know I’m doing ok.
@gregc247
@gregc247 Күн бұрын
I may have to do this on mine, i have no money left in the middle of the month with a 575 payment on it, i think for my mental health im just going to wipe it then bump up the 401k back to a high percentage
@christinab9133
@christinab9133 Күн бұрын
Amazing thx for sharing ❤❤❤
@Dollar_Dad
@Dollar_Dad Күн бұрын
How about some merch with Bo's likeness saying "I'm so excited".
@johneskeli8438
@johneskeli8438 Күн бұрын
Alternator on a QX60. (Infiniti version of pathfinder). Infiniti : $785. / $2000 installed Pathfinder : $165 / $750 installed Same part number
@6thManSam
@6thManSam Күн бұрын
At 0:44 in the video, you guys should update the image now that the book is out and put the link to purchase the book in the description of all videos. (Maybe this video is old and scheduled, but just wanted to give you a heads-up!)
@BillPritchard
@BillPritchard Күн бұрын
*LOVED* this content fellas! Healthy risk, make-the-change movement, preparation, determination, and hard work, pay off!
@chazrmiller
@chazrmiller Күн бұрын
Number 4 is pushing me to save up to get my license to become a financial advisor and eventually get my ChFc. I am leaving the trucking industry after 8 years of service.
@askme3732
@askme3732 Күн бұрын
NO
@stellarussell9666
@stellarussell9666 Күн бұрын
You have not aged a bit, Beau! and were you just as excited back then?😂
@Freewill33
@Freewill33 Күн бұрын
So true be an investor or saver rather than a consumer
@innout3x3
@innout3x3 Күн бұрын
I know these Chipmunks
@hiteshkalal5363
@hiteshkalal5363 Күн бұрын
I knew that AMS69X was ahead of the game, but my mind is officially blown
@d.k.thakor6522
@d.k.thakor6522 Күн бұрын
Don't let Amazon's AMS69X pass you by. This is a monumental moment in history, and you don't want to be left out of the loop. Get in on the ground floor now!
@RushroyaleAddicts
@RushroyaleAddicts Күн бұрын
This short is too flashy for me , boss
@gaurravgaming539
@gaurravgaming539 Күн бұрын
Everyone is buzzing about AMS69X; is it the biggest news of the year?
@RajaBandRa
@RajaBandRa Күн бұрын
buying and holding AMS69X IS the contrarian move...
@SagarChauhan-rt7di
@SagarChauhan-rt7di Күн бұрын
Good news AMS69X will be added to Binance 🚀🚀
@gfgfgggg-wt3zh
@gfgfgggg-wt3zh Күн бұрын
thanks for bringing up AMS69X pair - Watching all your videos when I get notified
@user-zw7wv7eq2l
@user-zw7wv7eq2l Күн бұрын
Best bet for 100x is going to be AMS69X , once its on major exchanges it will explode.
@ChiragSahu-mw7ke
@ChiragSahu-mw7ke Күн бұрын
Binance listing AMS69X is definitely around the corner is just a matter of time and patience.
@laundrygoddess4
@laundrygoddess4 Күн бұрын
My best first decision was when I was injured at 21. I was getting lump sum small payouts for every term of school I missed. I invested half of them knowing I'll have permanent injuries and might be disabled before I retired. I did that with every lump sum payment of any kind for the next 19 years. Then I got divorced and even though I stopped investing... I'm gonna be ok. I'm better financially than almost all my friends
@justinstalder1875
@justinstalder1875 Күн бұрын
Definition of a man, baby. Now man, baby has his own podcast!? Oh, good lord. Man, babby needs to be muted!
@robertwalker5521
@robertwalker5521 Күн бұрын
Explain this to me : What is the difference between ..."Why are Americans broke?"... and..."Why Americans are actually broke?"
@FirefightersFinancialToolbox
@FirefightersFinancialToolbox Күн бұрын
I totally remember the Rainbow Splash background, thats when I first saw you guys. Helped me to start my small channel.Thanks for all you do.
@guruprasadc5257
@guruprasadc5257 Күн бұрын
NVIDIA 😢
@chrishayes4166
@chrishayes4166 Күн бұрын
They're working off the cuff with these questions and probably just didn't register the verbiage used here even though they repeated it, but she said "take home" pay right? I thought the money guy mantra was built off of gross (aka not take home) income? 34% take home is probably pretty close to the 25% gross guidance. Maybe I'm missing something?
@user-iz5qg5so6l
@user-iz5qg5so6l Күн бұрын
Way to go! This is fantastic advice for young people who are just starting out also. Like Bo said, a little discomfort in the moment can really advance a person's life. Excellent advice. "Be an advocate for your future self" Excellent Bo! Excellent Brian! I have been listening /watching your channel for a couple of years now. My husband and I have taught all of our children many of these ideals too. Somehow the same advice Mom and Dad give their kids sticks better when told to them by someone else. 🙂Thanks. Great channel! Great Team all around!
@stevenporter863
@stevenporter863 Күн бұрын
This is what happens when you don't begin with the end or any plan in mind. Ran out and bought a house only to sell the house to pay the student loan. Ironic isn't it? Like watching someone paint themselves into a corner.
@AmyPorterfield11
@AmyPorterfield11 Күн бұрын
This is so relatable and true lol. I remembered how tough it was before I hit the $100k mark 37. I am 56 today with over $2.8 million in my retirement nest fund alone, didnt take me any stress to get there. Maybe its because my CFP is reliable, but point is, it was way easier from there.
@Tevez875
@Tevez875 Күн бұрын
I'm headed in the same direction, and it's not that difficult. Perhaps too complicated for beginners, but that's why it's best to consult an experienced market strategist.
@JennaHerberholz
@JennaHerberholz Күн бұрын
Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
@SaintYvess
@SaintYvess Күн бұрын
Could you be kind enough with details of your advsor please?
@JennaHerberholz
@JennaHerberholz Күн бұрын
She goes by ‘Melissa Jean Taligdan’. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finances, but so glad I did!!!
@PatrickKniesler
@PatrickKniesler Күн бұрын
In the past, humans used to be able to work for whatever we needed throughout our entire life and/or depend on family. If we spent all the money that we would otherwise be saving (beyond a year's income) on making sure that our family around us was better off in the moment and able to pursue business ventures and not take on debt, do you think that we would have as good of a living as we would have if we went through your formula? Even if I took it to a halfway point, what if we just saved all our money in local banks like we used to and let the community have that available? Magnanimity, localism, etc...
@AS-kq7hw
@AS-kq7hw Күн бұрын
Alvin, Simon, and Theodore colors are right, too 🥰
@scifigrl23
@scifigrl23 Күн бұрын
Eitherway, you have to give your time to make koney so you can pay other people money. That's all life is.
@joshuawesterman6097
@joshuawesterman6097 Күн бұрын
I’m really excited to get into finance whether it’s private accounting or wealth management, I just can’t wait to be done with college, I’m ready to do something I love! I love that I saw this channel at 19yo. I always loved learning about money and this channel helped me realize I should go to school and learn how to help others with their money.
@miketheyunggod2534
@miketheyunggod2534 Күн бұрын
Fire your financial advisor. They are ALL crooks. They steal YOUR money. That’s the best thing you can do.