Financial Advisors React to RIDICULOUS Money Advice on TikTok!

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The Money Guy Show

The Money Guy Show

Жыл бұрын

Brian and Bo react to the craziest financial advice on TikTok - like how to make money out of thin air, why real estate always goes up, and learning how to S.T.R.I.P.
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Пікірлер: 227
@emericanmm
@emericanmm Жыл бұрын
"Making money is easy! You just need to have money!" I love when you guys do this.
@debbied8525
@debbied8525 Жыл бұрын
I love when you guys do the reaction videos to TikTok financial advice! Now off to purchase an $8 million building to sell for $10 million. Easy peasy
@sk31370n
@sk31370n 10 ай бұрын
if trump did it so can you!
@elynbeth
@elynbeth 10 ай бұрын
@@sk31370n Not paying your bills is also a great way to hold onto your money.
@turtlescanfly7
@turtlescanfly7 Жыл бұрын
I love Vivian from Your Rich BFF (“hot wall street girlie” lol) and I was so scared when I saw her pop up here. Happy y’all approved of the message because I think I’m pretty good at parsing out the bad advice and I found a lot of her content to be good. So glad y’all agreed.
@melindamelendez493
@melindamelendez493 Жыл бұрын
I was also scared. I have been watching her videos for a few years now and ohhhh was also scared they weren't going to agree with what Vivian was saying
@gwenaran
@gwenaran Жыл бұрын
EXACT same reaction haha
@mrjohnklake
@mrjohnklake 7 ай бұрын
I immediately went “uh oh” seeing Vivian but one must listen to the video first before formulating a conclusion.
@ursamellis264
@ursamellis264 7 ай бұрын
Felt a little clickbaity to me, because she is such a big, reliable financial content creator…to put her in the thumbnail of a “ridiculous advice” video…🤨
@enigmathegrayman2953
@enigmathegrayman2953 Жыл бұрын
Make millions out of thin air!! Wow, what a concept! Who knew all this time I was breathing my potential wealth! 😂😏🤷🏽‍♂️
@sk31370n
@sk31370n 10 ай бұрын
some people are. there are million dollar companies out there selling clean air.
@Maxyy40
@Maxyy40 Жыл бұрын
The editor adding the spongebob “my leg” guy at the end deserves a raise.
@greenlantern1986
@greenlantern1986 Жыл бұрын
Wow, she invented a better FOO. Brian is shook.
@MoneyGuyShow
@MoneyGuyShow Жыл бұрын
Let’s not get carried away 😉- it was good though 👍
@droctagon529
@droctagon529 Жыл бұрын
@@MoneyGuyShow Lol Brian looking like the Dr. Phil meme when he was watching that TikTok
@elliotjames5172
@elliotjames5172 Жыл бұрын
Nah, anything named S.T.R.I.P. is kitschy, reminds me of an email I got about Super High Intensity Training that was coming to the Denver area, and then they kept saying how S.H.I.T. would change your life. I never did figure out if it was a joke, but it certainly had a marketing team behind it.
@mattbenz99
@mattbenz99 Жыл бұрын
@@MoneyGuyShow Ya, I'm sure your wife wouldn't enjoy telling people that her husband teaches people how to S.T.R.I.P..
@burkles4456
@burkles4456 Жыл бұрын
Appreciation to the editor.
@Nightsbringer1
@Nightsbringer1 11 ай бұрын
I love that most of the tiktoks can be boiled down to "if you wanna make money fast, step 1 is that you start with enough money to buy a house or 5..."
@sk31370n
@sk31370n 10 ай бұрын
getting that money is easy. just sell a house or 5..
@SamDustin0077
@SamDustin0077 Жыл бұрын
"Compound interest is the eighth wonder of the world. He who understands it, earns it he who doesn't pays it"
@rythmrulez
@rythmrulez Жыл бұрын
"Bo, there's no way, this is entertaining ". LOL gotta love Brian ❤️
@PaulSorensen5
@PaulSorensen5 Жыл бұрын
I think you guys should interview Alex Hormozi (the guy in the first video) and his wife Leila, they've started a couple businesses, without debt, and have grown/sold them enough to the point where they started their own acquisition company.
@reillykahat6157
@reillykahat6157 7 ай бұрын
Would love to see this. Alex and Leila are quite legitimate and smart, albeit that clip out of context is pretty comical. I bet the money guys and the hormozis would have a lot more common ground then they expect.
@joecope9935
@joecope9935 Жыл бұрын
"Would you give me $12 if I give you $1000 back?" That's what I always ask when I'm talking to a 20 year old.
@sapatosgirl22
@sapatosgirl22 Жыл бұрын
thank you for these videos! it's so easy to get swayed by some of these TikToks, especially if you don't have a good financial foundation, and everyone makes you drool for the money. also, MAD PROPS TO YOUR VIDEO EDITOR! 🌟
@brandony8691
@brandony8691 Жыл бұрын
3:48 this guy's basically describing the business model of a thrift store
@r.f.pennington746
@r.f.pennington746 Жыл бұрын
I love the 'Stripper' girl, not bad advice if you ask me. Just thought I'd toss in a bit of reality when it comes to being a millionaire. My wife and I are millionaires, about times six. That means that our home, our income, our savings, our investments and even dogs and vehicles all add up to about six million dollars. Great. We still have to work, still have to shop smart, still have to NOT give in to impulse buying. We still have to sit down at the end of every month and decide what to do with the current money coming in...in other words: budget! These Money Guys are pretty well on-spot. I'll add one item, just because. That is we've always (read: always) been giving people. Church, relief funds, individual or personal giving here and there. Not sure that we could sleep well at night if we were stingy people. We believe in a judgement, and that judgement will be based on our reaction to human needs. Other than that, it's all good. This was a good vid and much needed b/c there's just way too many frauditers out there when it comes to money advice.
@johnnastrom9400
@johnnastrom9400 Жыл бұрын
Your humble bragging is a bit nauseating.
@johnnastrom9400
@johnnastrom9400 Жыл бұрын
Also, the "stripper girl" was just regurgitating the steps of Dave Ramsey, nothing impressive. My guess is that you were influenced by her pretty face. Make sure your wife knows that.
@r.f.pennington746
@r.f.pennington746 Жыл бұрын
@@johnnastrom9400 wow, dude, sorry for you.
@johnnastrom9400
@johnnastrom9400 Жыл бұрын
@@r.f.pennington746 Thanks for the non response.
@r.f.pennington746
@r.f.pennington746 Жыл бұрын
@@johnnastrom9400 anything to help
@donovanstrong5224
@donovanstrong5224 Жыл бұрын
Your Rich BFF is pretty good she actually worked on wall street
@chucknorris5141
@chucknorris5141 Жыл бұрын
I've been trying to explain time and compounding to our 21,21 and 18 year old sons!! One of them grasped it, the other twin loves his Starbucks, and the youngest doesn't have any income coming in yet so we shall see. I wish I knew then what I know now. I would be retiring with my wife in 7 years. As it is, I added 10 more years onto my work life - and it sucks.
@michaelmurphy2112
@michaelmurphy2112 Жыл бұрын
I'm on that journey with my 18 and 16 year old "kids"
@soccerguy2433
@soccerguy2433 7 ай бұрын
Lol. They obviously didn't listen in middle school math that taught interest and graphed it over time on a ti-93 calculator.
@sharonoddlyenough
@sharonoddlyenough 5 ай бұрын
​@@soccerguy2433 most people need to hear a concept several times before they know how it applies to them.
@hersdera
@hersdera 2 күн бұрын
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
@jones9-
@jones9- 2 күн бұрын
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
@PaulKatrina.
@PaulKatrina. 2 күн бұрын
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
@ScottKindle-bk3hx
@ScottKindle-bk3hx 2 күн бұрын
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@PaulKatrina.
@PaulKatrina. 2 күн бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@Hectorkante
@Hectorkante 2 күн бұрын
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@TerraAcox
@TerraAcox Жыл бұрын
That was his point, that the people who get rich are the ones who either have the capital or are willing to use leverage to make money. The rest of us are lucky if we are able to carefully save and invest enough for 40 years to have a safe retirement.
@BTrain-is8ch
@BTrain-is8ch Жыл бұрын
What is it about paying yourself first that you think requires being lucky?
@lonle6506
@lonle6506 Жыл бұрын
Sometimes using leverage works. When it doesn't you lose it all
@francoisnguyen6623
@francoisnguyen6623 Жыл бұрын
When I was in high school one of my teacher (either math or science, I forget who it was) taught us about compounding interest and saving for retirement. But then I got older and started working I didn’t apply it well. It was always in the back of my mind but it started late. I didn’t have a plan. Just kind of winging it. Plus had issues with cash flows
@anubisgod23
@anubisgod23 5 ай бұрын
i used to flip stuff at uni; pure university town which mean end of school year everyone was selling stuff super cheap because they didnt wanna take it home over the break. Early school year everyone was buying stuff because they need it again. Used to buy all sorts of stuff (mostly technology), hold onto it during the summer and then sell again for more. Got me an extra 1-2k each year or so. Just a little fun
@steverogers-realtor8763
@steverogers-realtor8763 Жыл бұрын
I mean, technically, the Federal Reserve makes money (currency) out of thin air. That's all you have to do. Become a central bank!
@eedre4864
@eedre4864 Жыл бұрын
If people would just listen to this comment, everyone would be rich!
@spacetoast7783
@spacetoast7783 Жыл бұрын
I know you're joking but that's not how central banks work at all. Banks of any kind can create money for their borrowers by way of fractional reserves. The Federal Reserve can't create monetary base at all. That's the Treasury which acts in accordance with Congressional legislation.
@SnowofLight
@SnowofLight Жыл бұрын
​@@spacetoast7783 Trump removed the concept of fractional reserves in 2020. Your dollars are backed by 100% of thin air.
@sk31370n
@sk31370n 10 ай бұрын
that is a great idea and can confirm it works. been making money since 14. best not be central when spending it though.
@joelwillems4081
@joelwillems4081 10 ай бұрын
I remember when my stock portfolio first started to fluctuate by $1000 per day. It was crazy to get used to because that was more than my twice a month take home pay. Now, I've had days of up or down in $3k-$5k and that happens about once or twice a month. That is more than my monthly take home pay and it happens in one day! As long as it keeps progressing up and I treat it as just a number, I will be fine. But it is insane to think of regular $10k movements per day and just getting used to that at some time.
@glasshalffull2930
@glasshalffull2930 4 күн бұрын
If you’re a long term retirement investor, it’s best to only check your balance every few months. In major corrections, I didn’t check my balance for several years. Just kept DCAing.
@volkswagenginetta
@volkswagenginetta Жыл бұрын
i know this isnt for everyone but if you pay off your debts first (unless its 0 percent interest) there is a guaranteed return on investment. then just stay out of debt. that solves like 90 percent of money problems right there. after that then you can play fun games on trying to min max your money.
@cparks2716
@cparks2716 Жыл бұрын
My parents taught me to save, but they warned me not to invest in the stock market. They had seen crashes and had seen friends loose everything, so even though my finance teacher in high school advised that we invest, I wouldn't. It wasn't until 2 years ago that I started looking into investing and realized that I likely wouldn't loose my money unless I invested in risky ventures or pulled my money out while the market was down. Even though my investments are down about $2,000 right now, I plan to keep investing in the S&P 500. I am pretty confident I will make my money back and then some. My mom still thinks I'm an idiot though.
@Dariovich
@Dariovich Жыл бұрын
Sometimes makin ur patents mad its a validation signal. Specially if you are not a teenager anymore. It means you are going beyond what they know
@apurvbose
@apurvbose Жыл бұрын
If you're really starting- play with small amount of REAL money. that's what I did. This gave me an appetite to hold positions in a state of profit or loss.
@tiredmeekala
@tiredmeekala Жыл бұрын
Yeah I grew up hearing the same thing so pretty much right around the same time as you, I got into investing too. I only played around on cashapp with a small amount that really let me see how it all works and then once I started learning personal finance, I was able to be level headed concerning investing in the index funds and etfs. Yes I'm down on my portfolios but I'm not panicking and trying to panic sell. Instead I just view the stock market as an online store that when the market is down, everything is on sale.
@603outdoors7
@603outdoors7 Жыл бұрын
Your mom is wrong, God bless her, invest for the long term.
@TerraAcox
@TerraAcox Жыл бұрын
That's why you're supposed to rebalance as you get closer to retirement to make sure you don't lose a lot in a downturn right when you lose your work income. You should also have like 3 years worth of expenses in cash when you retire that you can draw from in case of a down market. I'm not there yet but I'm 39 so
@rickchandler2570
@rickchandler2570 Жыл бұрын
How you can make money is follow these Tik-Tok'ers and when they go bankrupt, buy their real estate properties at rock bottom prices.
@diamondgarcia9409
@diamondgarcia9409 Жыл бұрын
😅
@kathyd_413
@kathyd_413 10 ай бұрын
😂
@blitzkrueg07
@blitzkrueg07 Жыл бұрын
Your right. Banks don't want to lend money to newbie landlords so best to buy a duplex and live in it for 3 years. Banks will be more receptive with your equity and experience and 2 Years tax returns with the rental income and expenditures
@dynoFF30
@dynoFF30 Жыл бұрын
This was an awesome video all around - from content to editing!!
@SingingMagick
@SingingMagick Жыл бұрын
Let me just go dig my hidden down payment for real estate out from under the $200 in my bank account 🙄
@marlonthomas8042
@marlonthomas8042 Жыл бұрын
My nephew did the thing with sofa he made decent money but it wasn’t a side hustle he also did man with a van type removals he’d do things like charge delivery fees then charge maybe £20 to take the old sofa away then clean them up, he also hooked up with a guy that shipped them to foreign countries who would buy them in bulk It helped him buy a bigger van but it was not a side hustle it was a full time thing
@joecope9935
@joecope9935 Жыл бұрын
Yeah. It's hard to find a way to make money that isn't actually work.
@marlonthomas8042
@marlonthomas8042 Жыл бұрын
@@joecope9935 exactly even the property game that everyone talks about The stress of having no tenants and having to pay the mortgage or tenants trashing your house and not paying rent etc it’s not a walk in the park One of my older siblings had a few properties and once she had decent equity in them she sold all of them because the headache just got too much for her - she did ok because she bought most i. Late 90’s early 2000’s but she’s nearly 60 now and just wants to enjoy life
@eedre4864
@eedre4864 Жыл бұрын
Oh come on, you’re supposed to work full time killing it giving 110%, then ignore your kids during their developmental years in the evenings and on the weekends to haul couches and clean them up for a bit of cash. Anything less is why we’re not wealthy!
@peterzeller5736
@peterzeller5736 Жыл бұрын
We get stuff of Facebook marketplace all the time and flip it for profit. It is never as easy as just "cleaning it up and selling it for $200". We've made some money here and there but never more than like $300 a month. It isn't a sustainable income stream, just a fun way to get little bit of extra gas money.
@ipodtouch470
@ipodtouch470 11 ай бұрын
I did this a few years ago in high school my main issue is that you want to sell products that move relatively fast. The only issue is those niches are always very competitive and the person selling it to you is most likely educated on the product. So you aren’t getting it for cheap, most I made was 600 a month. I agree with you though the flow of products that you can buy with a profit margin isn’t consistent enough to quit your job.
@torque6389
@torque6389 Жыл бұрын
YOLO! You guys rock! Thank you for the great content.
@kennethwers
@kennethwers Жыл бұрын
Real estate inflation with inflation. Plus you have taxes on it every year. The rentals one can buy with minimal money will have tenants that will destroy it.
@carlysanchez1020
@carlysanchez1020 Жыл бұрын
Favorite Wall Street Girlie or BFF 💖I love her content!
@therockgirl15
@therockgirl15 Жыл бұрын
The girl from Wallstreet is very good
@michaelwynn9471
@michaelwynn9471 11 ай бұрын
I love when these real estate "guru's" conflate business assets with personal assets
@w_6880
@w_6880 11 ай бұрын
@14:24, the "My leg!" will always be hilarious.
@mickylord21
@mickylord21 Жыл бұрын
Love these
@devon7584
@devon7584 Жыл бұрын
I love these reactions vids
@sweatytea333
@sweatytea333 10 ай бұрын
"Banks don't like to give you money." I'm not convinced... back in 2014 we were buying our first house. They approved us for WAY more house than we could every actually afford. It was insane. We were looking to buy at no more than $150k. We had the 20% for that. The monthly payment and utilities for that sort of house in our area was actually kind of pushing what we could afford at the time but we both knew we'd be making more soon. Tell me why tf we got approved for a $325k loan?!?! Insanity. I was also in the middle of changing jobs to one in a totally different field.
@enubisgaming6829
@enubisgaming6829 Жыл бұрын
'Share with your neighbors and friends without blushing..' Yeah great advice but she may need to get back to the white board because I wont be teaching my kids that acronym!
@sstrongman1667
@sstrongman1667 Жыл бұрын
Dont worry, when they turn 12 im sure they will find it through a google search for something not financial related, lol.
@bricefuqua3567
@bricefuqua3567 9 ай бұрын
Whether real estate appreciates long term or not can also depend on where you live. If you are in a state whose population is increasing, like Texas, Arizona or Florida, it's very likely real estate will increase in value over the next few years. But that may not be the case for places like Michigan, New York or Pennsylvania.
@adriennethiery5432
@adriennethiery5432 Жыл бұрын
Couch guy is underestimating if free couch has bed bugs, mold (there’s a reason a couch is free!) and the time and gas to go out and get couch, labor of carrying it to vehicle and transporting back…all the space taken up in your house from couches
@glasshalffull2930
@glasshalffull2930 4 күн бұрын
I had a couple of couches that were in good shape and even with a $20 price tag, I couldn’t sell them. Finally, put them up for free and some folks wanted to know if we’d deliver the couch to their residence.
@Omer-ge6uk
@Omer-ge6uk Жыл бұрын
Money guy been watching your content for a while! Quick question what are your advisory fees? 1% AUM?
@emilioreyes8925
@emilioreyes8925 Жыл бұрын
Alex Ahormozi, guy in the first video is worth over $200 million. His story is pretty badass look him up. Watch his video with Graham Stephan.
@cobrafinancialsolutions1039
@cobrafinancialsolutions1039 Жыл бұрын
Great video!
@cameronwolters7744
@cameronwolters7744 Жыл бұрын
Alex Hormozi, in my opinion, is the best entrepreneurial mind on KZbin.
@davidmilhouscarter8198
@davidmilhouscarter8198 Жыл бұрын
5:08 Charge a fee to dispose of the furniture and then donate it to Goodwill for a tax write-off.
@TheOriginalRasheedat
@TheOriginalRasheedat Жыл бұрын
I saw that 10 Mil guy and I was like what the hell lol
@joekuul8769
@joekuul8769 Жыл бұрын
You can lead a young horse to compounding, but you can't make it stop sowing its wild oats.
@vm1165
@vm1165 Жыл бұрын
Pretty sure, the 2 guys talking about losses are day traders Guy who said he lost 60k has the channel called daily trader
@noveltyrobot
@noveltyrobot Жыл бұрын
Imma be stripping for the rest of my life now.
@SweezoFilm
@SweezoFilm Жыл бұрын
love this series. please say ‘common Money Guy W’ next episode.
@DillyDallyDeeleeDallee
@DillyDallyDeeleeDallee Жыл бұрын
People act like real estate is so easy to get into 🤦🏾‍♂️ it’s not for the faint of heart.
@rockystaatz521
@rockystaatz521 Жыл бұрын
I don’t gamble much with investing but I’ve seen some big swings even using dividends as foothold and over 85% of it paying lately but over time it’s been a good day
@chrism3933
@chrism3933 Жыл бұрын
"There's no way this is entertaining" LOL 😆
@justrusty
@justrusty Жыл бұрын
Remember the classic Steve Martin advice on how to have $1 million and not pay taxes on it: First, get a million dollars...
@Leftists_are_Losers
@Leftists_are_Losers 10 ай бұрын
The easiest way to make a million dollars in the stock market … First, you start with two million dollars …
@mmboiler10
@mmboiler10 7 ай бұрын
Wait hold up, did i just hear a guy suggest hes gonna make 3-4k per month from each rental house 🤣 yeah screw expenses or actual rent cost. Jesus thats optimisitc even for a landlord
@michaelwoods4495
@michaelwoods4495 Жыл бұрын
"Buy stock. When it goes up, sell it. If it doesn't go up, don't buy it." -- Will Rogers
@dancheng3014
@dancheng3014 Жыл бұрын
Money Tip: Buy a house from a high crime neighborhood. Sell when the neighborhood becomes gentrified.
@donaldlyons17
@donaldlyons17 10 ай бұрын
No lie!!!!
@goat9199
@goat9199 8 күн бұрын
Easy
@tylermceachern3085
@tylermceachern3085 Жыл бұрын
S.T.R.I.P. is solid!
@margaretbehre6461
@margaretbehre6461 Жыл бұрын
Love Vivian, my rich BFF and favorite Wallstreet girlie!
@xmochix604
@xmochix604 Жыл бұрын
Your logo looks like a medical logo 🤣🤣🤣🤣 I can’t get over it. And when you put it on your banner or cover it looks like an ad haha
@saulgoodman2018
@saulgoodman2018 Жыл бұрын
Bo's shirt is hurting my eyes.
@aaronjjacques
@aaronjjacques 9 ай бұрын
I love that they are dissing alex hormozi without realizing who he is.
@goat9199
@goat9199 8 күн бұрын
Yep, Hormozi doesn't care about these guy's opinions.
@hikswim500
@hikswim500 Жыл бұрын
Alex hermosi has some of the most valuable info on the interwebs. Kinda funny to see circles collide.
@bmxriderforlife1234
@bmxriderforlife1234 Жыл бұрын
Anyway I could maybe pitch my business proposal to you guys just for advice? First time trying to start a business but it's alot bigger potential then I expected. 3.2 to 6.6m a year average and untapped aspects of the market, so it could get big, and I'm probably gonna end up borrowing like 100k to start.
@Motherofchicken
@Motherofchicken Жыл бұрын
I hope someone might be able to help me. I'm 21 and 100% disabled from military service. I was going to work and collect disability, however, my disabilities have progressed to the point I cannot even keep up with 20 hours of work. I've decided that I'm going to attempt to save 80% of my income in the hopes of buying a cash business, laundromats are what I am currently thinking of, and then moving into real estate once I build more liquidity. I think it is important to add, due to me no longer able to be employable, I get a pay raise, and go to school, so for the next two and a half years, I'm going to be rolling in it, but after words, I won't be able to work for gainful employment, but I can still own and manage properties. I feel like any words could help, any tips or tricks you learned or things you wish you knew, I have kids that I am trying to take care of and provide a successful and safe life and I don't want them to ever experience the things I had to when I grew up poor.
@denisgurbuz4186
@denisgurbuz4186 Жыл бұрын
Actual finance bros to underage TikToker videos: "there's no way this is entertaining" ahahsgahha
@ArsenicApplejuice
@ArsenicApplejuice 8 ай бұрын
Realestate goes up. Doesn’t mean the house you bought will. The value and interest in your property may never recover. Interest and competition for housing driving value on the macro level might be in another neighbourhood/city/state/ location
@davidmilhouscarter8198
@davidmilhouscarter8198 Жыл бұрын
6:46 Strip was close the the Baby Steps.
@Phlegethon
@Phlegethon 10 ай бұрын
Turns out no one wants that commercial building still
@thefranz5276
@thefranz5276 11 ай бұрын
Great video but dang that striped shirt was hurting my eyes lol.
@DekeRadio
@DekeRadio 7 ай бұрын
Generally speaking, TikTok is where sanity goes to die.
@phillyphan595
@phillyphan595 Жыл бұрын
the free couches thing isnt great, but there are peeople who have businesses buying and selling furniture returns from maybe stores like costco or walmart
@user-kb8qw7dy4t
@user-kb8qw7dy4t Жыл бұрын
TBF, the real estate "guru" does sound like he doesn't need the money. He could be the next Anna Delvey who simply Bavarian fire drills his way to wealth.
@Azel247
@Azel247 Жыл бұрын
Hey guys, I have a company pension plan that takes 8.61% off every pay check. Am I still to save 25% on top of that? Not gonna lie, it's difficult. Or am I to save 25% - 8.61% = 16.39%?
@droid2D2C3P0
@droid2D2C3P0 Жыл бұрын
The latter. If the 8.61 is pre tax it's actually more than 8.61 if you're comparing it to the 16.39. So you can technically get away with doing sightly less than 16.39 post tax
@Lucky008aau
@Lucky008aau Жыл бұрын
They've mentioned this in previous videos. If I remember correctly, if you make less than $200k/yr, you can count that % as part of your 20-25%. But, if you have a spouse who also earns money, you'll have to look at dollars, not %s, since that's a percentage of your income, not household income.
@tightywhitey9779
@tightywhitey9779 11 ай бұрын
I used to sell people's trash in college. You locate all the nice neighborhoods and then research when their "big trash" days are & grab whatever they are throwing away. this is especially fun right after christmas, when people are throwing away the old stuff to make room for the new christmas stuff!
@natelevy1040
@natelevy1040 7 ай бұрын
Modern furnature is either very high end or doesn't have significant resale value. What about older stuff? That's called antique.
@jaredwarner2451
@jaredwarner2451 Жыл бұрын
Not sure if you know who the first guy is but they do 200 million a year (Alex Hormozi). He's as legit as it gets.
@tymondabrowski12
@tymondabrowski12 Жыл бұрын
Having lots of money doesn't mean giving good advice, especially good advice for everyday joe who don't have such money to invest. And they didn't say it's impossible but that that there is a lot more going on and it's not that easy.
@jaredwarner2451
@jaredwarner2451 Жыл бұрын
@@tymondabrowski12 have you seen his channel and content? That clip is likely taken way out of context as it does not represent anything he puts out on a daily basis. ....and he has nothing for sale. There's no course or coaching offer at the end of it but whatever.
@grahamcollins5416
@grahamcollins5416 10 ай бұрын
About that 1 dollar becoming 88: What's the purchasing power of that 88 forty years later? Maybe 10x more than the day you saved the buck? Still important, but I'd like to see inflation taken into account.
@martingainty9623
@martingainty9623 Жыл бұрын
I wondered why all the girls from Bada-Bing are millionaires ?
@TonyKimCre
@TonyKimCre Жыл бұрын
Financial winner
@theadamblock
@theadamblock Жыл бұрын
Biceps = Bo's brother
@hrhsophiathefirst4060
@hrhsophiathefirst4060 Жыл бұрын
Love it, I have been stripping for years now and it does work! Wink wink nudge nudge!
@ericahoelscher3733
@ericahoelscher3733 11 ай бұрын
Roth isn't tax-free. It's just taxed when depositing, not when withdrawing.
@Funkybassuk
@Funkybassuk Жыл бұрын
It is true that the easiest way to be a millionaire is to be the child of a millionaire. The second easiest way is to marry a millionaire.
@RickyConn
@RickyConn Жыл бұрын
Lol. The first guy's advice that you were trashing is Alex Hormozi. He's worth over $100 million 😅
@RickyConn
@RickyConn Жыл бұрын
You can check out his interview with Graham Stephan on The Iced Coffee Hour
@RickyConn
@RickyConn Жыл бұрын
I guess when you resort to short form videos, it's hard to make them viral and get in that nuance.
@memyselfi9576
@memyselfi9576 Жыл бұрын
Alex Hormozi is just like other “self made millionaires” like Gary Vee, Grant Cardone etc. they made their money by starting with a leg up, over inflating their accomplishments to then sell how they did it.
@johnnymanning4920
@johnnymanning4920 6 ай бұрын
@@memyselfi9576Yep he’s a douche bag
@nicholasmartinez6043
@nicholasmartinez6043 Жыл бұрын
Brian and Bo promote the FOO and if you don’t listen you are a FOO FIGHTER
@zekewatson6489
@zekewatson6489 Жыл бұрын
I guess Bo is saving money on his clothes right now
@outlawedmedia4336
@outlawedmedia4336 Жыл бұрын
Most the people giving financial advice are doing it for THEM to make money with their VIDEOS and gain followers. The actual content in the videos is just run of the mill advice most people are aware of.
@donaldlyons17
@donaldlyons17 10 ай бұрын
Yep but the video proves he point that when it come to money an income source is the most important part. In order to avoid issues one needs an income. Truth is making money is a complex challenge and people with the wrong numbers and conditions can't win.
@mike7933
@mike7933 Жыл бұрын
Take money out of your home equity / rental equity. Does that guy know what equity is. Cash goes down.. equity goes up. Rental income goes up.. equity goes up. You are paying back principal.. it’s not out of thin air. Assets(cash, building, etc)= Liabilities (loans) + Equity (FMV-Principal balance, aka gap) -An accountant
@RingwelskiJacek
@RingwelskiJacek 11 ай бұрын
12:00 How about you ask the people who owned homes in Detroit how much their homes grew in value, LMAO.
@donaldlyons17
@donaldlyons17 10 ай бұрын
Ok so how does the housing market work then? And what about stocks? WTF if they are money people they should explain prices in recessions then if it is not a market? WTF markets where people buy sell and exchange work exactly that way just on a more complex level.
@carterwgtx
@carterwgtx Жыл бұрын
All the lever up real estate people…interest rates for mortgages aren’t 3% anymore. This is when the tide goes out and the levered up skinny dippers get exposed.
@adeev_k
@adeev_k 2 ай бұрын
Making money is easy. Take a $100 bill and then split it in 2 $50 bill. There you have it. You now have 2 bills. Twice as rich
@ludochi
@ludochi Жыл бұрын
Love the show and these are hilarious videos. However, Alex Hormozi is the real thing. You took his clip out of context in a major way. He is all about building businesses or buying businesses and improving them. He is not an idiot and he wasn't espousing the greater-fool theory either. I encourage you to actually watch some of his videos. He gives really good advice about building businesses and creating value.
@DTFFP
@DTFFP Жыл бұрын
wait... no wonder why I am poor!! I am the stupid guy that buys for $10 when it's worth $10, instead of when it's $8 and selling it to another idiot for $10.... my goodness gracious, I am about to be poor-free very soon, thanks tiktok :)
@freedomring3022
@freedomring3022 Жыл бұрын
i love it when experts make fun of these people ... they deserve to be made fun of
@rpm2day
@rpm2day Жыл бұрын
I love how fintokers all look like they have hit puberty yet. Definite good to listen to them over someone with experienceZ
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