The Federal Reserve has always been the greatest wealth killer... Would you borrow money from a loan shark? Everyday, you do it when dealing with a central bank your government has decided to allow to print your money. Then, at the threat of prison for noncompliance, they demand taxes for the privilege... Think about it...

If it will cost $3,000-$4,000 cost to repair your car, 90% of people will trade it in and drive away a new one. Because the people that understand how to repair a car are today going into retirement, and the cell phone generation who loves computers and apps don’t want to turn wrenches fix cars build homes cut grass do maintenance, all of the old real man jobs. We now need foreigners to come in and fix our cars. And the price is up. At my Toyota dealership, it took 25 days to fix a mistake that they made at the mechanic was from another country on a Work visa.

Women #1 wealth killer. No matter what its true to myself. Guys will do understand. That cars is more affordable than women and cars are more reliable than them 😂

Not valid here in Sri Lanka though... 10 years old car which was valued 15000 USD back then, now valued for over 40000 USD 😢

Lots of good points here. So, what are the pros and cons of buying a home vs renting? Not only hidden costs such as tax, insurance and maintenance but all the time spent repairing and maintaining the grounds.

What makes you poor is when you invest, and the government takes up to 40% of your pension. A single person loses $440 a fortnight, a total of $11,440 annually. This is Australia, using a Hidden Tax called ASSETS TEST.

Giving up having a car not only resulted in a large personal cash reserve but also resulted in being able to travel the world every year on vacation. Plus i got a lot more exercise. Totally worth it!

I want you to explain everything to me. This was so complex but so understandable, thank you!

I still use my prerunner toyota car for my farm work

Yaletown to Sinclair centre and back for 3 years. I miss being downtown. Walked everywhere for everything.

Gal friends 😜

I mean, if you're willing to live in a city. No thanks.

I have two debts and they are a similar amount but one is a higher interest rate. In this case should I focus on the higher interest rate one?

Cafes, bakery and restaurants

Sooooo pay more. Got it. Great advice.

I drive old Hondas, Toyota's and any other Japanese or Korean car , typically pay about a grand and a half cash, I look for low mileage , very reliable and cheap to run , when they rust of after a few years I scrap them get a few hundred back and get another , I put £20 a week away for the next new car or passing it's mot or road worthy inspection , besides the usual insurance and fuel costs they usually need a tyre now and again and not much else . Fuel aside I typically run these cars at a cost of £20 A week or £1,000 a year . The Toyota aygo I have now for my teens to learn to drive does 50 mpg , yes 50. £20 Fuel a week is usually plenty of fuel . And it's £20 a year road tax .

The No 1 wealth killer is getting married! Just askmJeff Bezos!!! 😂😂😂

Like your series of tax talks. One question: if I have 10K capital loss from stock trading, can that be applied to offset capital gain on a real estate investment (e.g., a condo) which is not a principle residence?

Is GST certificate useful in US?

22 "אנשי ישראל, שמעו את המילים האלה: ישוע מנצרת, אדם שהעיד אלוהים עליכם בניסים, נפלאות ואותות אשר עשה אלוהים דרכו בקרבכם, כפי שגם אתם עצמכם יודעים - 23 הוא ניצול על ידי תכלית נחושה וידיעה מראש של אלוהים, נטלתם בידיים חסרות חוק, צלבתם והמתתם; 24 אשר הקים אלהים לאחר ששחרר את מכאובי המוות, כי לא יתכן שהוא יוחזק בו. 25 כי דוד אומר עליו: 'ראיתי את ה' תמיד לפניי, כִּי הוּא לְיָמִינִי, שֶׁלֹּא אֶהְיֶה. 26 על כן שמח לבי ושמחה לשוני; יתר על כן, גם בשרי ינוח בתקווה. 27 כי לא תעזוב את נפשי בהאדס, גם לא תאפשר לקדוש ברוך הוא לראות שחיתות. 28 הכרת לי את דרכי החיים; אתה תעשה אותי מלא שמחה בנוכחותך'. 29 "אנשים ואחים, הרשו לי לדבר אליכם בחופשיות על דוד האב, כי הוא גם מת וגם קבור, וקברו עמנו עד היום. 30 לפיכך, בהיותו נביא, וביודע כי אלוהים נשבע לו בשבועה את פרי גופו, על פי הבשר, הוא יקים את המשיח לשבת על כסאו, 31 הוא חזה מראש. זה, דיבר על תחיית המשיח, שנפשו לא נשארה בשאול, וגם בשרו לא ראה שחיתות. 32 ישוע אלוהים הזה הקים, שכולנו עדים לו. 33 על כן בהיותו מרומם לימינו של אלוהים וקיבל מהאב את הבטחת רוח הקודש, שפך את זה אשר אתם רואים ושומעים עתה. 34 "כי דוד לא עלה לשמים, אלא הוא אומר בעצמו: 'אמר ה' לאדוני, "שב לימיני, 35 עד שאעשה את אויביך להדום רגליך." ' 36 "לכן ידעו כל בית ישראל כי אלוהים עשה את ישוע זה אשר צלבתם לאדון ולמשיח." 37 וכאשר שמעו זאת, נכרתו בלבם, ואמרו לפטרוס ולשאר השליחים: "גברים ואחים, מה נעשה?" 38 ואז אמר להם פטרוס: "תחזרו בתשובה ויטבלו כל אחד מכם בשם ישוע המשיח למחילה על חטאים; ותקבל את מתנת רוח הקודש. 39 כי ההבטחה לך ולבניך ולכל הרחוקים לכל אשר יקרא יהוה אלוהינו." מעשי השליחים ב':22-29

Can you make a video of Alberta tax?

This is a very informative, educational tool for people like me who don’t understand taxes no matter how I wrap my head around it! 😂

So I run a small business with a friend. And for example we put in our personal money to the business let's say $10000 combined, and the whole year we make about $8000 in total. How do we go about on doing our taxes? It's kind of hard to justify paying $3000 for an accountant to help us do the taxes when they are asking for almost half of what we made the whole year

🔥🔥👍👍

Doesn't apply to me. My job requires me to drive everywhere.

100% Thank You !

For many people a car is simply a must as they are living in rural places without proper public transportation. That said, one can at least avoid the two biggest mistakes of a) purchasing a new car and selling it fast b) purchasing a bigger car than really needed. a) is clear, if you purchase always new cars and exchange them after 3 or 4 years you might avoid costs for new tires but you loose plenty of money due to the depreciation. So better get you a 3 years old car and keep it for the next 15 years or longer, if you can. b) is not so obvious but most people purchase cars having any stupid "what-ifs" in mind which lead always to bigger cars than really required. What if I want to go with friends on a trip, what if I have to purchase something from IKEA, what if I want to impress a girl next year, and so on - in reality you need 99,9% of the time and use cases only a small and reliable car which has not much extra storage space and not much extras like leather interior and silver lining at the bumpers but does perfectly the job to transport you and maybe another one (!) person to your office, your doctor or your next walmart. And if you need one time in two years a bigger car for a day or two, you can always rent one.

Appreciate it if you could share the excel copy.

Not receiving templates over 2 days ?

Dito sanadumaguete.saan ba kayo sa cebu?matagalba ang procedure kasi kailangan balikan ako galing dumaguete then back again kung pwede in one day rin. Thanks.

Driving a nice car in my country gets your house burgled and car-jacking, prestige cars are actually dangerous here, I'm pretty wealthy but drive an old Toyota pick up, it's perfect, doesn't draw attention and I fly under the radar, I love it

So to summarize, if you're interested in a Toyota or Honda then buy; if you're interested in American/EU car then lease! The question is, where can you find interest rate of less than 2%!

As an investor I will never choose to pay off my mortgage. Mortgage is the best way for average person to borrow money at low interest rate. Even at 5%, compare to last 10 years of SPY ETF, which had an annualized 13.3% return rate. Let along we are in an cycle toward cutting rates lower, thus lower mortgage rate and better SPY return coming up. The $$$ you used to pay off mortgage will earn more in the stock market.

Wealth killer are divorce and infaithful wife

I’m wasting so much money on interest payments! Thousands! I need to get out!

I find it extremely helpful, thank you!

Getting a Jeep will be your BIGGEST mistake.

great video. I recommend changing the title and thumb nail so you increase peoples engagement. try "how do people start businesses with no money?" or "can you start a business with no money?" this makes people curious even if they aren't serious about making a business

I own a jeep myself and she's right about the cost of one. Especially when there's tons of different fluids to change, it gets beat up when taking off-road (if that's what you do), tires can be $, and they're gas guzzlers. It's been a great vehicle, but never again.

Everything is relative. It depends on how you structure and plan out everything.

don't worry, the space karen will save us with the "hyper loop" hey hey, it's not that hard!

Cars are liability... Unless u use it in business...

The biggest expense is income tax which is theft.

you’re my type ❤

Why is there a resale value under lease. Need to umderstand. Thanks

If you need a car and avoid this wealth killer, buy a used Toyota.

This may make sense from an accounting pov and in developed countries but cars are a necessity in economies still developing. Not having a car and calling for an ambulance in an indian city could be a question of life and death. And this is just one of the scenario. And this is just India. A >3 bn economy. Go down the economies and such stuff becomes more pronounced and urgent. Yes, prudence and buying within one's financial capacity is important as with all other things in life. But there are very clear cases where having a house, a car is more an important investment that makes opens up more accessibility than just a mere "wealth killer".

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

have not driven since i crashed 2 cars lol in 2019 anyways you save so much money not driving I've been able to buy things i enjoy and walk everywhere or ride my e bike which i got last year 1100 Canadian off Walmart and has lasted 1100 miles but now im thinknig i want to buy a crappy used early 2000s car just to use to go camping and park rest of the time and use bike/bus.

You are exactly right. That's why a still drive a 2002 Chevy Blazer that just turned 100,000 miles last month. Still looks and drives brand new. I bought it when it was 6 years old after someone else took the big money hit on it. I keep it in the garage and only drive it when I have to. Many days it doesn't go anywhere because I'm retired and if I go grocery shopping I buy enough to last all month so I don't have to keep going to the store that is 12 miles away. People that trade cars all the time are getting skinned every time they trade. Yes, I paid cash for it and got a great deal. My home is paid for as well. The only problem with all this is I have to keep building more houses to store all the things I acquired with all the extra money. Lol!