Financial Advisor Answers Money Questions From Twitter 💰| Tech Support | WIRED

[@fraser311]

I’m a financial advisor with 14 years experience. There are “advisors” out there who are full of it; this guy isn’t. Spot on answers.

[@Jen-iv8lc]

How do you identify the good ones though ?

[@jonstiffer4994]

@@Jen-iv8lc You look in the KZbin comments for other advisors to say they're good. :)

[@TheReal_GigaChad]

​@@jonstiffer4994that's also how you get tricked by bots 99% of the time lol

[@DekarNL]

​@@Jen-iv8lc they have official diplomas, and they give advice based on your financial goals without egregious fees

[@BigBeefC]

@@jonstiffer4994it’s true. I’m one of them

[@SIGNIFYING_NOTHING]

I went to grad school with this guy. He's smart. Glad to see him featured in this Wired video.

[@tanakaobi]

I see you invest in liquid gold. Smart?

[@Loretolife]

Hook ‘em horns

[@SmoothCoaxing]

Same

[@elchappo1320]

I went to preschool with him. I knew he was smart

[@theendurance]

@@elchappo1320 i was born in the same hospital as him. knew he was a sharp kid

[@buildingbread]

Thanks so much for having me! I’m always down for a part 2 😉

[@rehansetia7972]

Agree

[@mextamacion1097]

@BuildingBread Would it make sense in my 30s for allocating like a 70/30 mix more so in bonds as of right now, then when things get better, back to 70/30 S&P? Then do that same cycle when this happens again? So as to feather in a stable bond profit amount to reach retirement. Late 401k start with a heavy S&P side.

[@buildingbread]

@@mextamacion1097 Great question. History has shown us that if you're in your 30s and you have a 70/30 mix, it is best to stick with it. I can do a video explainer on my channel if its helpful.

[@mextamacion1097]

@@buildingbread subbed

[@Alejandra-iv9es]

I hope you come back again! Thank you so much for sharing your knowledge. 😁

[@teachmotivaterepeat9712]

It's a pleasure to listen to a knowledgeable person breaking down difficult concepts in a very understandable way. Part 2, please!

[@s.beltran7058]

it’s so refreshing to see a financial expert/advisor actually clearly verbalize that they believe the system is rigged to benefit the rich! thank you for not gaslighting as so many in the field do.

[@EternalSilence4ever]

@BejaminCowen You missed the opportunity to spell your own name correctly...

[@AroundTheBlockAgain]

Yes. I think the only thing that aged poorly was "food prices are high because there are too many dollars chasing too few goods" because now we've had time for supermarkets and the brands they sell to admit they were colluding to raise prices above inflation.

[@pertnerk]

I laughed at how quickly he answered the "is the tax system rigged" question. Zero hesitation.

[@mattm7798]

The system isn't rigged. Less wealthy people can also take advantage of capital gains. What he didnt say was that if you raise capital gains, there will be less investment and surprise...fewer jobs. The closest it is "rigged" for rich people is they have enough money to hire financial experts to put their money in low taxable areas. This is not the system being rigged, it's smart money management.

[@ronblack7870]

yet the rich pay the biggest amount of dollars in taxes regardless opf what percent they pay. and they get no respect for it.

[@FM-dm8xj]

yeah, the bottom quintil pays nothing.

[@Drastic2305]

The video is cut to the part when he is ready talk, how do you think he answers that fast?

[@kobe51]

It was pretty obvious. Don't know why so many people want to refuse to admit these types of things.

[@kinaedconchobar393]

Talking finances with people to be very emotionally charged. This guys charisma and presentation style really helps defuse that. If I was in the market for a financial advisor, this guy would make me feel confident and calm.

[@namirahdotpdf]

this guy should build a curriculum to be teached at highschools. this is a vital lesson about living a life.

[@Synday]

you can Google all of this in 10min

[@nanwijanarko1969]

@@Synday True, but you got to know what to search first. And a curriculum is a good inroduction to things you previously didn't know but need to know.

[@shaneharris7284]

I don't understand why this isn't taught in school? Like wtf. I'm an adult and don't understand exactly how any of this stuff works...

[@fifthdimension5278]

@@shaneharris7284 cuz kids will groan and say “boring”

[@trexasaurus5322]

Financial literacy is a required course is many states.

[@Edwin_Studio]

this guy presented all the answers elegantly and no hesitation in his words. I need more something like this

[@anilbalram7768]

Honestly we need this guy back with a longer video just dumbing down his advice for everyone

[@EmmyTheFox]

He has his own yt channel tho, it's called BuildingBread

[@marcmckenzie609]

Or you could just stop being dumb?

[@Qualinesta]

​@@EmmyTheFoxThank you!

[@jkimchi]

What I've spent in years trying to understand some of these talking points, this guy explained in 15 minutes. This was so easy to digest and understand. Please bring him back for a part 2+!

[@saffiru]

As someone who's been investing for over 20 years, this guy's answers are all 100% correct... he does a great job explaining it to people who might not understand it as well

[@TheNaturalebeauty]

I'd sssume he would only provide correct answers. He is on KZbin for a well-known channel. The gall!?!

[@TheBeastBony]

Nope, first answer is wrong. He says two consecutive quarters of gdp. Should be negative gdp growth.

[@CertifiedSlamboy]

@@TheBeastBony ironically you got his error wrong as well lol

[@10MAXEL10]

@@CertifiedSlamboy what did he say wrong, it's 2 consecutive quarters of negative gdp growth not 2 consecutive quarters of negative gdp

[@Graphics_Card]

@@10MAXEL10 could of been a misspoken term…

[@RuRuWebby]

Talking about money and savings etc is usually such a stressful time for me that I tend to avoid it. This video came on autoplay but I'm so glad it did! Thank you for such digestible information without the added pressure and "you should be doing better/understand all this" attitude that I seem to see a lot of the time.

[@khalilahd.]

As a 20 something still navigating financial literacy I definitely needed this 😭🙏🏽

[@azmard4865]

I am 26 and felt that there is a huge room for improvement for my financial literacy. Certainly not easy when you always have your wants and it is insatiable at times 😭🤣☕

[@MadisonS.Trivia]

Hi! I love when people in their 20’s start taking deeper looks into their finances. KZbin has some great resources that are totally free to get you started on understanding financial concepts. My faves are “2 Cents,” produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are useful to you! 💛

[@NataliaSeesIt]

Keep down unsecured debt friend! (Credit cards)

[@welikelethabo]

WE NEED A PART 2,3,4 and 5

[@Bk-fr5ky]

He just summarised everything I have learned in my post grad finance degree with in less than 15 mins with understandable language. That's impressive!

[@josaking717]

PLEASE do another video of this. This guy makes so much sense and I wish I was taught this stuff when I was younger

[@jasonhammar3529]

Easily one of the best videos on here. Id love to see a part 2 or more videos like this.

[@Carrotliketheveg]

holy crap, this guy is dropping serious nuggets of wisdom for the average person. i took actual notes. Normally the money convo is scary but this made me want to take action. GG

[@DG2TV]

3:54 This is the most concise explanation of this particular concept I’ve heard. It also explains why rich folks who’s stocks tank end up brankrupt. Well done.

[@lamorrafierro2573]

I was watching this so hard. I’m a 22 year old women. I have a good job that pays well but I feel like I’m not using my money wisely. Money talk confuses me and honestly scares me. I keep thinking about that lately. Hopefully I will make it through!

[@MadisonS.Trivia]

You will make it through! It may take a little time, but it’s worth it! Think of it as investing in yourself and your joy 😊 I love it when people start learning about finances! It's never too early or too late! KZbin has some great resources that are totally free to get you started on understanding financial concepts. My faves are "2 Cents," produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are a helpful starting point for you! ❤

[@airora_aerial]

I read "The Simple Path to Wealth" by JL Collins, and it helped me to be less afraid of investing. I am now investing in index funds, as the book suggests. I highly recommend giving it a read!

[@trexasaurus5322]

Graham Stephan on KZbin is good. He talks about investing as well as debt leveraging

[@prapanthebachelorette6803]

I’m about your age and think the same 😊

[@ohhellnooooo8233]

You are still young the best investment is yourself. Learn as much as you can, including about how to invest! Hint: like he said boring is best

[@roses.9181]

As a Financial Planner myself, I love the sound advice that's being provided! Great job!

[@tunkycool]

Wishing everyone here the financial freedom they dream of. Go claim it!

[@maddiesanabria5047]

this was SO easily digestible information. Thank you very very much for this, as always. Love the people you pick for these videos

[@easy.peasey]

Thank you for explaining these concepts in the most simple way. I usually have a hard time trying to explain these things because compounding interest, and explaining tax breaks can be challenging.

[@RicardiaMissBacardi]

Loved how the only and synchronous answer for retirement is YESTERDAY. Stop playing with your future!

[@artxlife7236]

Give this man a KZbin channel omg he’s so good at explaining these concepts in a way that not only makes sense but motivates me to act! Redoing my budget now since mama ain’t having fun with my money haha

[@alessial.6243]

His youtube handle is BuildingBread. You can see his comment in the comment section above.

[@artxlife7236]

@@alessial.6243 thank you, queen!

[@amakerhome3693]

Dope content, give this guy a recurring series, please.

[@pokelover02]

4:41 Thank you so much for saying this! So many people think college is not worth it. I was very low income (well below poverty line) and was able to go to college for free in California. Now I make over 6x as much as my parents’ combined income and am able to support them. For first-gen students, it is so, so worth getting that degree! I 100% believe all public colleges should be free and more accessible to everyone. One degree can be life-changing for families.

[@thecreepycorner_]

he made his answers so clear and understandable. I felt like I could listen to him break down difficult subject matter into easy bites allll day! Thank you for creating accessibility to this knowledge area :)

[@joseda3rd354]

So glad to see someone clarifying that ROI for a college degree comes in the long term. Many people won’t see the value because they look at the short term. Definitely agree that you shouldn’t be breaking the bank to go to college but since most of us will live past age 32 it’s still a great investment

[@mustafamalik4211]

My high school professor gave some very good advice on how much loan is worth taking for college: if your loan is less than or equal to the annual salary of your future job, taking that loan is worth it, otherwise its not.

[@TheSuperNats]

Love his response, all the anti-college sentiment is going to get a lot of people stuck in dead end jobs and unfulfilled business ventures in life. College is way too expensive but community college is cheaper and can get you great opportunities

[@justvincenturb]

These kinds of questions are questions that should not be answerable in a couple minutes. Kudos to this guy for actually doing it!

[@spliffsforbreakfast]

I love being educated in a way that makes topics comfortable and easy to understand. I’ve always had a personal problem with being money motivated or having a “hustler’s mentality”. But I’m super creative and smart so I feel obligated to try and monetize myself and become more business minded… I’m just an artist at the end of the day

[@arishokqunari1290]

This is the financial and economical knowledge more people need, especially for more equality

[@rodrigul3]

Yo this guy is on point 🔥. He should be a teacher! Explaining all that financial stuff but in a way I can ACTUALLY understand!

[@Commando303X]

I think this is a pretty good segment, considering how much and how accessibly any person can cover extensive and complex concepts in an engaging way, and over only ~fifteen minutes.

[@madmachanicest9955]

Yeah 50 30 20 is a standard budget. That's been true since my freaking parents were in grade school. My question to you is what do you do when roughly 90% of your income is household expenses.

[@condensedmilk]

ikr

[@AmedeeBoulette]

Delirious.

[@Cronuz2]

Plan for the future. Get a better job, live cheaper. Save money the next 10 years so the rest of your life is easier. And also, dont live in America.

[@frankcastle1216]

Vote different!

[@KH-iu3pe]

@@Cronuz2 “Don’t live in America.”

[@Kenwhoo]

My brother, you are the man. Thank you thank you so much for this video. Lord, knowledge is the key it's a lot of folks don't know this million dollar advice you giving man. I'm 45 years old and I'm just not learning this stuff. This is a blessing. Thank you so much again bro and you be blessed.....

[@ezrasa6165]

Probably the best video I've seen on this channel.

[@starlitweaver]

This was so insightful! Please bring this dude back for more questions!!

[@manuluh_]

thanks for that 50/30/20 tips. definitely gonna use that (after some tweaking though)

[@johnreedy1417]

Been doing this for years it works so well! If you can, Set up a second checking and have your check send the 50 to one for bills, and the other 50 in the 2nd. Set up a auto transfer on pay days to move the 20% right away, always save first and spend later, to avoid overspending and saving whatever is left (usually less than 20% in my experience 🤣)

[@Angrialex]

@@johnreedy1417 what do u do when your bills make up 75% of your income?😂😂😂

[@lennycrumb587]

​@@Angrialex i would go 75/15/10 or 80/12/8. Just make sure to cover all your expenses while having some money to please yourself and save a little

[@Phoenix_1991]

Finally, a financial advisor... I was beginning to think they didn't exist haha.

[@willcx4]

My dads a financial advisor

[@willcx4]

@@maxwelljacobfreedom I’m not american

[@sethp26]

I exist 😔

[@XeusDeus]

He must have a really really smart 4 year old.

[@mlhmpton100]

Very informative and beneficial video. I will be sharing this with my college students. This helps ME. This is when the internet is a huge help. 👏🏾

[@smirbelbirbel]

3:09 He left out one, the most common way to become a millionaire is be born to the correct parents.

[@lowenheim]

one of the best tech support videos i’ve ever seen!

[@randomrangoon5476]

This should be taught more in basic schooling i.e middle/highschool to start

[@HouseMDaddict]

There are financial management classes in a lot of high schools nowadays. Especially for kids going straight into the workforce or those who choose to not take advanced math courses. Kids just looking for a third math credit to graduate that aren't planning on college usually take a personal finance class.

[@gelriez2757]

Currently pursuing my financial advisor licence here in Canada. I've always been intrigued by the financial world and how things operate. Learning is a continuous process. Slowly but surely, these subjects don't frighten or drive me away. Hoping to assist families in achieving financial independence and financial literacy.

[@lixiangyang5548]

Wow. The chapter of realistic budget is so helpful. I have actually seen this 50/30/20 something somewhere else. But it didn't attract me because of the annoying names and alias people gave it. So, perhaps what I need all along is a clean explanation like this one. Thanks, Kevin! 🙂

[@ethanvandy4241]

Please bring Kevin L. Mathews II back! They were awesome!

[@XevenYT143]

I like this Expert because I had trouble understanding some methods and terms but he's making it look easy that a 5 year old can understand

[@isacjohansson790]

This is totally going to blow up, looking for part 2

[@connoranderson7336]

Notice how this video only has 380k views but a guy answering coffee questions has 1.3M views and a guy answering video game questions has 1.4M views. It makes you wonder where everyone's priorities are. (Yes I'm aware it's just entertainment but something can still be said about the type of content that the masses consume). Just something I noticed. PS: Great video. Shoutout to Kevin.

[@nicolebart8906]

Omg I was seriously thinking the same thing! This man is providing wonderful information that can really help someone make a financial difference in their lives! And “mostly” Americans wonder why they can’t get out of debt

[@jenniferrogers2981]

This is an underrated comment!

[@samu6874]

Absolutly right.

[@MiVidaBellisima]

This was Incredible!! I do a lot of investment research and still learned a ton

[@personalrocket6291]

I love this specialist’s charisma ❤

[@llChrisTjll]

10/10 - this guy knows what he's talking about. Fantastic video -advisor and analyst to advisor. 10/10!

[@knemics8121]

I love the info you give out and the terms you put it in. You can do well in social media answering questions or talking about certain concepts

[@hi-sj7cu]

I like how there is a soroban abacus beside the laptop

[@macbuang07]

I thought this was some fake guru stuff but this guy's knowledge and articulateness is on point! 🔥👌🏼

[@SlimmG8r]

Buildingbread! Glad to see ya on Wired my man, great video!

[@Mr.MallyMall]

That dude is really smart and he did a great job of explaining everything. Great video. Bring him back.

[@restlessgretchen]

I could about 20 more of these! Thank you for the clear advice!

[@troyisfilming]

This guy is awesome, breaks it down in a way I can understand 👍

[@madyhatter17]

Would love to see a part 2 with this guy! I enjoyed this video's wisdom 😊

[@Fantozz2]

I love how the former US Secretary of Labor asked him a question!

[@jarloes]

This is the information we needed in high school. Great video

[@luisfilipe2023]

Really great and useful questions and answers. They should show this to every 15-16 year old in the country

[@NightFiire]

This video was the most enlightening one I’ve seen yet. Thanks!

[@TooMuchFlipping]

As an Advisor myself. This guy is 100% correct on everything he said. More people need to see this video.

[@jamespashley1333]

me watching this with under £5 in my bank account:

[@madmachanicest9955]

I know right. I'm even worse off. Hahaha. Thanks to hyperinflation and the lack of any kind of social safety now that exists in the United States and the currency exchange between pounds and the US dollar you actually have more money than I do.

[@jimmyadaro]

@@madmachanicest9955 Hyperinflation? *laughs in argentine peso*

[@ard1choke]

So much good info here, and that suit is FIRE.

[@MrMoustacheNinja]

This was super informative! Thank you!

[@LilAceBoogiee]

Haven’t finished the video and I’ve learned a lot already , saving to my watch later 💯

[@azeraeth]

Super interesting. Would be great to have Kevin back to do some deep dives!

[@CJBroonie]

Robert Reich asked a question. Yo, he’s the former Secretary of Labor.

[@Qualinesta]

I had to rewind!

[@BibiTheLinkBuilder]

Using part of your money for joy is great advice ❤

[@gabrielaalvesdasilva9441]

This was a GREAT video, thanks ❤

[@jennyjordison7708]

You explain everything so well. What a great video, thank you!

[@holycrapchris]

Minor tweak on the treasury bonds answer: the government doesn't need to collect taxes to pay the interest on bonds. They can just sell more bonds to make current interest payments.

[@gr.4380]

I heard the 50/30/20 rule in high school and thought "yeah that's reasonable" When I heard it again I actually laughed bc there's no way I could possibly spend even CLOSE to only 50% of my income on expenses. Rent alone is gonna be AT LEAST 30%, likely more. It's probably close to 80% expenses lol

[@ThinkEcon]

The definition for a recession is not two consecutive quarters of negative GDP; that's just a rule of thumb. Other than that, great video. Financial literacy should be in all high school curriculum so people learn these types of things before adulthood, again to capitalize on money's greatest growth ingredient: time!

[@girlfriendg]

omg this guy is so precious and very helpful love this guy

[@Travieso8]

5:37 it’s also okay to go to college if you just want to learn.

[@leestamm3187]

Correct. Not everything of value in life can be measured by economic return. The purpose of a college education is not simply preparation for a particular career path. It is also to widen your scope of knowledge and expand your awareness of the world. That's why a college curriculum includes a variety of subjects that have no monetary value, but can greatly enrich your life in other ways.

[@christianclark9494]

he looks simultaneously 25 and 55. I wish to be friends with this human

[@09blackcobaltss]

Gotta bring this guy back he did great explaining things. But i wish someone would have asked him about winning the lottery and how to go about investing/saving or getting the best tax breaks on it.

[@InnerGiggles]

I’m looking forward to having that problem. I’ve won $1 in the last 20 years. Waiting for that jackpot to hit. 😅

[@paragonflash8937]

Honestly talking about fineances and money can be scary. Realistic and sad money is how people survive and live. Some are lucky and sadly some are not lucky. Not everyone has money for a roof over head and food on the table so it can be scary. But not gonna lie he makes talking about money and fineances comforting.

[@rajaaminu]

Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest into Real Estates or into Stocks? Which would yield better output.

[@steceymorgan814]

Very sound advise! I have been into both for long and though I won't say I have lost a fortune, I have squandered quite alot... If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...

[@steceymorgan814]

Thank you..

[@kathyfrugalsen3047]

This right here is the second time I am coming across this name in a week. Came to my school for a lesson and it was lit and yes, she has a really cute southern accent.

[@jasperherr8694]

@@rajaaminu Property if you believe in that country's government.

[@SuketuPatel]

Really enjoyed this video - Great advice!

[@investedfemelle7564]

Great lessons. Appreciate your insight ❤

[@Groet]

7:20 he had to bring out the calculator for that one

[@ChantingInTheDark]

What I want to know is why when I pay off my credit card balance my score goes down, yet when I'm spending on it the opposite occurs, it's almost as if the whole system is designed to keep you in debt to pay their exorbitant interest charges.

[@YinYang-u2s]

This channel is serving us great contents.

[@WatchKek]

Defo wanna see part 2!

[@osheaeimear83]

I'm not American so some of this doesn't apply to me but my ADHD appreciates the speed and clarity with which you speak :)

[@SeilingMart]

11:28 Arizona ice tea is 99 cents, they've cut down on a bit to make the radius of that can smaller and improved the can design to use less aluminum, it's just the stores that are selling it over 99 cents

[@EAFourLife]

That’s incorrect, Arizona actually redesigned their cans to take off the 99 cents so stores CAN charge more. They even have some cans that say $1.25

[@human6883]

Regarding the 50/30/20 rule, can you provide a "definition" of sorts to help determine what qualifies as an expense vs. fun? For instance, Netflix, seems like an expense at a high level, but if you think about it, it is technically for fun - it is not a "need" to live.

[@MMKandSSK]

Netflix is definitely not a necessary expense, 'expense' should be rent, bills, groceries, public transport/ car costs, pet food...thats pretty much it (if not a parent)

[@MMKandSSK]

that being said if you do already pay for Netflix, it is an expense by definition, but its expendable so you can afford to cut that out if your budget doesn't permit

[@LorenaAbreu]

Almost squealed when I saw a tweet by Robert Reich!!

[@kyleball8396]

ily

[@jayfloramusic]

My wife and I both have good jobs in IT but did not invest in our 20's. Now we are both in our 30's and all our friend's have 2 homes but we only have one. If you are 25+, PLEASE PLEASE PLEASE start investing. Don't wait till 35 like us. We regret every single day. It's time gone by that will never ever come back. My kids are also going to feel the pain,

[@gonzaa5809]

Thanks for the tip

[@amandaconstanza]

not many people can even afford 1 house, so is cool that you at least have that :) don't care about the others

[@jayfloramusic]

@@amandaconstanza Thanks Amanda! Hope you have a great successful life!

[@YamikaniKalinde]

Part 2 please