Do You Have More Debt Than the Average American?

[@Helen-n8j]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@berniceburgos-]

Gold might crash in a liquidity crunch, but many precious metal holders are prepared for this and unlikely to be forced sellers. The paper market would tank and possibly collapse. Hearing from an experienced investor who has overcome adversity is motivating. It can be scary when your portfolio turns red, but if you've invested in strong companies, stick to your goals and continue growing them

[@Kin-28-8]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@DhanaPayar]

impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

[@Kin-28-8]

My fiduciary is Jessica Lee Horst. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Sofiapaate]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@sgtsawhill1]

Just paid off my mortgage last spring.... totally debt free!

[@27Killermike]

prove it

[@diegocorrea1491]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@dritazane6837]

You're correct!! I make a lot of money without relying on the government, Investing in stocks and digital currencies is beneficial at this moment.

[@SoniaHart-rb7jd]

Job will pay your bills, business make you rich but investment build and keep wealth long term, the future is coming.

[@user-yf6mn6kx8u]

NO ONE HAS EVER BECOME A MILLIONAIRE OR BILLIONAIRE WORKING FOR OTHERS AND DEPENDING ON THEM,GOOD INVESTMENT SHALL BRING YOU MILLIONS WHILE CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT

[@nwaiwuthompson3939]

The best coin to invest in is Bitcoin, It has large fast rising and if you are lucky with a reputable broker with the lowest spread rate helping lead your way, I would say be prepared for an uplift.

[@Martina73823]

You want to make profit from it as a beginner who don't understand how Bitcoin trade/forex trading works. Personally, I will recommend you to work with a good broker first

[@DorathyJoy]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@berniceburgos-]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@SandraDave.]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@RaymondKeen.]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@RaymondKeen.]

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]

she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@deangtrs]

I’m 38 and have no debt, but sometimes I still feel like I’m not doing as well as others my age. This makes me feel better.

[@sharphomesolutions1685]

I resonate with you brother. We have zero debt, pay for everything in cash, and are the first millionaires in our families… and I feel like a piece of garbage daily because I feel like I am not living up to my potential. Comparison is truly the thief of joy.

[@Dab_Marino]

you're doing great! Im 38 also. Only consumer debt i have is my 500$ credit card limit which is low. But i did mortgage a home last year. Thats about it now.

[@mikezerker6925]

I’m doing financially better than 90% of Americans, but still feel broke in this economy!

[@tracydoverspike5255]

My husband and I took Dave's class thirteen years ago. We started on baby step 5, quickly finished 6, and moved to the last step. It feels lovely to live debt-free.

[@DennisMaddox3]

Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..

[@DennisMaddox3]

Elizabeth Greenhunts

[@DennisMaddox3]

Get to her with her name..

[@ScottNathan-e7u]

Good I got here. Big Thanks

[@alexasecas5930]

Great info..

[@bobsacamano7653]

education is always good. hopefully it don't cost you anything.

[@bigcahuna42366]

I have about $1,200 in C/C debt (non-interest bearing since I pay the entire balance off each month) and $73K left on my mortgage. That's it.

[@bartdoo5757]

I owe $100 + on my credit card that I pay off every week and less than $10 K on my mortgage.

[@Muller_Andr]

With 22% of Americans lacking retirement savings, I'm seeking advice on growing my depleted $120k.

[@AnkurYo]

Evaluate actions harming your finances, like carrying over credit card debt monthly.

[@Jennapeters144]

Take small steps; any progress beats inaction.

[@FranciszekPawal]

Create a budget with a financial advisor for effective income and expense management.

[@AadhilaEesha]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@eplugplay8409]

Put it in S&P and forget about it also dividend ETFs and let it reinvest

[@parkerward2904]

28 Yrs Old Just shy of 3k in CC Debt. Living in San Diego making $19 an hour. A few months ago I had no debt it happened so fast it’s unbelievable! Once I tackle this debt I really think I’m done with Credit Cards! I use to think the rewards were worth it until I learned from George a 2% bonus from purchases is not worth the risk of 25-30% APR and interest/fees ! How quickly it can happen is shocking as well !

[@IL_Bgentyl]

You can treat them like a debit card and never have to worry

[@mikezerker6925]

The cc companies know that they’ll make way more money in interest payments, that’s why they entice people to continue to be in debt with bonuses, points, and miles.

[@stevekings9460]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[@BrooklynHarlow21]

As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant

[@PalmerWoods2]

That's true. a lot of people today have been having lots of disappointments in trading in light of helpless direction and awful consultants

[@BrittanyDoris]

I've been trying to trade but I keep making losses and it's frustrating

[@JenniferLynd]

There seems to be constant mention of "Victoria K Walter" everywhere I turn. Are the accolades and reviews truly worth her?

[@smithjack4546]

I used to work 3 jobs, full time at Walmart, a server at the night, and did lyft on the weekends. still only make ends meet. This opportunity that was shown to me allowed me to walk away from the rest. Dreams do come true keep an open mind, opportunities are everywhere, if only you can see it

[@alexsteven.m6414]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@valeriepierre9778]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@belobelonce35]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@bernisejedeon5888]

Please can you leave the info of your invstment analyst here? I need such luck

[@belobelonce35]

Sharon Marissa Wolfe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@yolanderiche7476]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@RealKansasMan]

I've always considered myself to be doing really bad financially and felt I was lower than average until my dad got me Dave's book "The Total Money Makeover". I then started to watch a lot of clips from the Ramsey show and that is where I realized I'm above most people even though I'm near broke and make nothing compared to most people calling into the show. I've never been good with budgeting money and have always spent my money foolishly most of the time, but despite this, I don't have much debt besides some medical bills and taxes I owe on, which comes out to less than $2,500. I have no credit card debt, no loans, and I own my vehicle, which is a 2011 Dodge Grand Caravan I bought 4 years ago with 148,XXX miles. What makes me incredibly glad and thankful is that I'm now learning all about finances the correct way and will start paying off my little bit of debt and build a savings.

[@kayb5]

Congrats, man, that's really great to hear! Keep learning from the Dave Ramsey team and keep saving and you'll knock out those loans in no time. I do also enjoy the Money Guys Show. They are more "next level" after you've paid off debt, have a solid budget, and good savings, but they are great in tandem with Ramsey for learning more about finance

[@enricopallazzo3244]

Just a little extra income could go a long ways in your situation! Save up a little each month for your next vehicle in a money market acct. I’f you could find a way to make 1k more per month you would have your debt paid off in no time and saving some serious money! Good luck, thanks for sharing.

[@mikezerker6925]

DR and his team literally changed my financial life! I’m a net-worth millionaire (in under 10 years) thanks to following the baby steps!

[@Mike.D.843]

I am weird. 39, no debt. Saving 20% for retirement in both a Roth ira and my 401k. i have 1cc that is paid in full each month, without exception. (I don’t spend money that I don’t have! Crazy idea, right?) Full 6 month e fund plus a bit of surplus savings sitting in a hysa earning 4.25%.

[@shingod700]

I’m 42, 1.4 million net worth and my wife 700k$ We have a house, kids, cars, motorcycles and we have a very nice little life. The secret for us is to buy a smaller house, cheaper car and buy everything used and do maintenance on the house and cars motorcycle ourselves. Invest steadily every year since early 20’s and that’s where we are at. We are just employees at 40 hours a week job without overtime or side jobs.

[@saeedhossain6099]

living within your means is like a superpower in world where you're told to just mindlessly consume.

[@leytonfortnite4724]

Well done!!

[@shingod700]

@@saeedhossain6099 yeah, it’s not normal for people I manage that literally make half of my salary to have car that cost 3 time as much.

[@bocbocigi.-hs5nd]

The fact that nobody talks about the book arab money secrets, speaks volumes why people dont earn a lot of money..

[@thekezich9401]

Everyone should see this!

[@keajd1178]

This is next level!

[@6TF6metoda-qn8rn]

This hits different.

[@angelvillalobos8795]

Where is this book available?

[@bocbocigi.-hs5nd]

@@angelvillalobos8795 search it on google

[@seekingtheminimumlevel1830]

I'm going to watch this video because I'm curious what the average American has in debt. Having been debt-free for decades including paying the mortgage early, we raised our children on an income that was below the median for our area, and they graduated college without debt. It is possible; it's all about choices and opportunity costs.

[@Michelleyoung-dq3zc]

Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…

[@henrymark1379]

Trading in Bitcoin now is the wisest thing to do now especially beginner....

[@AnthonyGabriel-h9s]

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

[@Michelleyoung-dq3zc]

Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

[@Michelleyoung-dq3zc]

"喪"꧁ᨖᨖᨖᨖ࿅🇺🇸┼𝟭𝟴𝟳𝟮𝟮𝟲𝟱𝟮𝟰𝟬𝟰🇺🇸👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾❤️ 大家都這樣"複製"，"KZbin"令人沮喪

[@Michelleyoung-dq3zc]

+187

[@dinospumoni8860]

Wait 104k not including mortgage debt? That’s crazy.

[@kayb5]

​@@gijns Yeah, I wish they would specify "Interest accruing" debt

[@That1SupportiveFriend]

I have about $360 in credit card debt and $500 left on a car loan. I just bought my first property last year and I paid cash and in full (so no mortgage), but the house on top of it needs to be torn down and built from scratch. I’m currently renting, my rent is $750/month and I have 2 roommates. My current predicament is my income. The job I have now is part time and it just went into its slow season. Because it’s the slow season for them, they’ve been cutting hours for everyone. They’re cutting mine from 20 hours a week to about 10. I’m currently looking for either a second job or a full time job.

[@awanen]

"It could cause some stomach issues" That's from my siri that you activated when you asked this question in your video lol

[@leondonald]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@Martina-Alan]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@DallisonScramosin]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@EllenAbrex]

Mind if I ask you to recommend this particular advisor you using their service?

[@DallisonScramosin]

Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@EllenAbrex]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@lianalonge1984]

I have to admit that I fall in with the car debt. But as long as I’m able to pay my bills on time, pay extra towards my mortgage, have no cc debt, save 36% of my pay into my HYSA, and continue maxing out my retirement contributions, I’m good.

[@MR3DDev]

That home sweet little asset will never ever belong to you. Stop paying property taxes and see what happens

[@greydaze234]

Over the weekend I scheduled my last payment for my last non-mortgage debt to be paid next week. My goal was to be debt-free by the end of the year, and I’ll beat that by almost 5 months!

[@tridoc99]

Great video, especially when you activated everyone’s Siri😂

[@cynthiarodriguez3346]

George is hilarious!! 😂😂love his videos ❤

[@oldfredbear]

I'm finally in the 1%!!

[@USViper]

I have a 2013 Raptor 67k miles (paid off). A 2017 Jeep Wrangler Sahara Altitude 48k miles (paid off). A 2018 Kia Optima turbo 35k miles (paid off). No credit card debt. Owe 172k on our home worth 450k. I invest $1500 a month and save $750 in my credit union. Been doing this for 22 years. I have a military pension and a civil service pension. Plus I am 100% thru the VA, and receive my monthly ETF dividends. Life is good when you play chess instead of checkers with money.

[@laurenj2018]

I just read about those Garfield phones washing up on a French beach. I cannot believe I’m seeing those phones again on this video the very next day… 😂 Love your videos, George!

[@gimcrack555]

Been debt free since I was 36. My credit score shows a big N/A and it's no swear off my brow. I'm 60 and still debt free. Bought my first used car at age 17 with cash. To this day I still buy all my used cars with cash. Current one I own, is 14+ years and only paid $4,700 in cash for it. I also own my home out right. Being debt free, no wife, kids or any kind of substance abuse. It's total freedom for sure and money to spare.

[@jlg993m]

There's no way that the average individual debt is $104,215. And if it is, I think the MEDIAN debt should be shared

[@User.9.459]

He's including mortgage though right so that's probably accurate

[@isaklarsson5241]

Right, most of the debt belongs to the top 1%, but 22% of all americans are completely debt free, just like how net worth is shared by median, so should debt

[@joshua1935]

@@User.9.459not including mortgage

[@TxmmyBeats]

I owe $5,000 in taxes and I’m stressed tf out. I vow to NEVER owe or be in debt ever again.

[@fredarmentrout]

Hi George, When you summoned Siri, my phone stopped the video and said that I should get counseling and help and call the suicide hotline 😆 😂😂

[@lorenzopippia5257]

In the north of Italy, there are some peculiar people that we call "accumulatori". Their mission is getting to the end of the day without having spent a single euro. They get a bonus if they haven't even touched their wallet. Giving cash to another person may cause them severe, unendurable pain. Not only do they work 24/7, so that they literally have no time to do anything else, but they also save money by only taking a shower once a month and wearing the same clothes for at least 25 years. They would rather die than financially help someone, not to mention getting into debt.

[@tiffaniclause4454]

My credit card debit is less than $2,000 and I already think that high.

[@sheryl7837]

Nope, zero credit card debt. Check! Both new 2024 vehicles paid cash. Check!

[@nolongeranurse3369]

LOL zero debt..work 80+ hour weeks for 8 years to buy my Freedom back...worth every second....House paid off..car bought cash..no creditcard debt..now can live well on 1K a month ...can retire in 5 years if I wish and do great on SS alone

[@marshallwhite3780]

I will confess, I am Dave-ish (more of a YNAB-er). Zero debt outside of the mortgage, paid off all outstanding consumer debt including CC and student loans before purchasing our home. However, we do still use credit cards and pay the balances off in full every pay period so that no interest is charged. Crazy thought, but if you treat it just like any other line item in your budget, you can make sure it's easily managed...

[@fsmoura]

YNAB Master Race ༼ つ ◕_◕ ༽つ

[@bdorr67]

Good job! We do the same with our one CC. Been doing it for years. Get cash back around $1,000 every year which we use for Christmas gifts.

[@nickstark8479]

​@@bdorr67Dont let Dave hear this... "Debt IS Debt!" - Dave Ramsey, 1994 - 2024.

[@stephen2wheels]

I still use a CC as well. I pay it off about twice a month. Other than that I just have a mortgage, too. It’s nice getting to do a debt free scream every time I pay it off 😂

[@bdorr67]

​@@nickstark8479 I'm not borrowing money I don't have, I'm just using the card to pay for what is already budgeted.

[@shingod700]

104K$ in debt is pretty good, if it included mortgages. Without mortgage, it’s really bad.

[@jacobjohnson4763]

Whoa… can’t be using nuance around here pal. Debt is bad. All debt, even if it’s .0001% dontcha know.

[@mr_num_numz]

Heck yeah shout out to Holiday World! Indiana represent!!!!!

[@witcheswithabok5356]

Nope, got two credit cards, one with zero balance, the other with 3400, and zero debt. Own my place, my transportation is getting old, so saving for the next used car. My student loans in repayment income based so it's never going away. I don't count it anymore, it's a scam. Unless I get a lump sum saved up for the balance, I'm never getting rid of it with the monthly payments.

[@Crusader1984]

Well, I have I have a paid off house and cars. I am debt-free and I’m only 40 years old so far I’m kicking the majority of Americans asses.

[@ShownTheWay]

Nice shout out to Holiday World! 😂

[@ThePeterter]

Love this guy

[@miked4973]

550k in debt here. 95% of that being my mortgage. All fine though as I make about 225k and have a pretty big “shovel”

[@jeremywheeler2122]

Yearly income less than 30k. 0 debt. Home, car, and credit card paid off. Only about 70k saved for retirement though. I'm pretty poor.

[@flipevent]

Can concur that I delayed everything because of my student debt. I’m glad to say I’m now debt free, but as a result, am about 5-7 years behind where I should be financially and personally (by my own estimation). Indeed, better late than never. But that student debt absolutely hurt.

[@Doors067]

Credit card 10k Student loans paid off 35k now at zero. Auto - 2k because i need new converters for my 20 year old vehicle. Sges never gonna die. Home mortgage:130k Salary: 22 bucks an hour lol

[@charliecampbell1232]

I'm debt free and fill my bathtub with marshmallows now. Best sleep I ever got.

[@wetasaurus]

The tiger king meme warmed my heart

[@bradmitchell5217]

It’s wild to see how people can even live like this racking up credit card debt. I’d rather suffer and starve than go into debt!

[@MikeNapoli1989]

Same

[@joshuawellnitz2826]

Thinking about moving my money into a Luarel Road High Yield Savings account but am a little hesitant as it sounds to good to be true. Is there anything i should know or be aware of before moving my emergency fund into an online bank account such as that?

[@GeorgeKamel]

It’s a normal bank that’s FDIC insured. They’ve been around since 2013. In April 2019, Laurel Road became part of KeyBank, one of the nation’s largest bank-based financial services companies and Member FDIC. They’re legit and no gimmicks!

[@smokenchoken1736]

*Whispers Loudly* 🎵Debt Free Thanks to Ramsey🎵

[@nae4830]

Yes, but getting a degree helps earn 50%-100% compared to those without one.

[@TheZombaslaya]

0 debt except for what I spend on my credit cards every month, except I always pay those off.

[@oshkoshbegone]

I have never spent more than 3grand on a trip in my life, i don't know how its possible.

[@somerandomgamer1260]

I’m 28 making 130k a year with 250k in savings and I have never owned a credit card or taken on debt in any form. I was not born rich. Even as a small child with no financial knowledge I thought credit cards were weird and unnecessary. I’ve always been a cash guy. I saw my dad stress over credit card payments and just always had a natural aversion. Paid for my engineering degree by going to community college at first then doing a lot of scholarships and lucrative internships with Fortune 500 companies. I could survive the whole year paying for everything myself with just about 15k. Bought a 2004 Toyota Camry for 2400$ cash in 2018 and I still drive that car to this day!

[@cdlund2840]

Never go into debt for school or anything with wheels. Living within your means is a foreign concept to Americans.

[@lennythedog6544]

So married households are 209k on “consumer debt”? PLUS Mortgage?

[@ashleysherlow1012]

wouldn’t the median be more appropriate than the average? i feel as though outliers would drastically skew this data.

[@jacobjohnson4763]

Only morons use averages. George is not that far from the moron tree.

[@ronaldreagan-ik6hz]

Debt free here too. started listening to dave in 2003!!

[@angiewolf8189]

Zero debt for me and a baby steps millionaire.

[@TheRealCatof]

I have a $290,000 debt for my house, but the interest is low and I have over $400k invested in government bonds 😂

[@naegwut]

Debt gives me heartburn too🎉😂

[@shannonmoncher2003]

I was watching this on my iPad and when you said hey siri can you overdose my Siri picked it up

[@scoutandscooter]

Property taxes - $20,000. Property insurance - $12,000. 3% mortgage $8,000. Ramsey wants you to pay off you mortgage. Put your money in a "solid mutual fund at 12%". If I followed his advice I would have lost Millions.

[@SamLee-e3b]

Your property taxes are 20 grand a year? On one house? Why? Lol

[@jillmorrison9883]

I've paid a lot of mine off and still have just a little bit left. And I feel like I have lost my motivation lol. I'm def trying to get it back. I'm taking a vacation in Oct and spent the weekend making changes so I could save money. I am going to get there!!

[@TheAnthonyvzw]

The debt does not sound bad at all.... I thought it was going to be like 20,000 for credit cards.

[@oscarsoltyk1660]

The horse sent me 🐎

[@AustinLengacher]

Shout out splashing safari for the most fun under the sun and the home of Smokin Jay Cutler

[@masquereseau5635]

I owe 11 300$ in Margin account investment debt lol. That's all my debts. All of them.

[@xlerb2286]

Well I didn't do well at all in that comparison. Zeros across the board for me in the debt categories. But I have to say on the comment of student loan debt delaying activities such as buying a house/car, in my case not going to university and not having modest student debt would have delayed those and other activities way, way, longer :)

[@fernandomartinezreyna1836]

This video is hilarious 😂 great information too

[@johnmartin4461]

15 year mortgage, paying it off in 5.

[@moinvest7127]

There is NO GOOD DEBT! If a person looses their job, does that "good debt" wait around to collect money before you get a new job?

[@DoubleMaduagwu]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[@WilliamOrgan-l2g]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

[@AlvesBento-o5z]

I just want to use this opportunity to say a very big thank's to Sonia duke and his Strategy, he changed my life.

[@RodriguesSilva-u9d]

Started with 5,000$ and Withdrew profits 89,000$

[@RodriguesSilva-u9d]

Sonia gave me the autonomy I need to learn at my own pace and ask questions when I need to she's so accommodating.

[@ChiboyChiboy-m3e]

I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️

[@tayross97]

Baby step 6, plan to be done in 2-3 years with the mortgage! Currently 33 y/o.

[@Toxic9813]

I’m 27 and got my first 6 figure job, I’m on my way! I can be done with everything except mortgage at age 29, then the mortgage… well that will be a tough one but it could be done in 5 years if I really buckle down

[@tayross97]

That’s amazing, nice work!!

[@JoeySmith101]

I feel so left out. 29 with no credit card debt, no student loan debt, and no car loan. Why can’t I be normal? 😢

[@panaderofilms]

Well, vagrants aren't normal.. hahahaha

[@eddiewenzel9683]

And probably no house, no family or girlfriend

[@JustBeelo]

@@eddiewenzel9683😂

[@ParkourBrian]

Howdy! 👋 🤠 28 and no debt here, too. Only a casual $680 monthly expense outflow as well, meaning I’m keeping 85% of my paycheque 😂

[@Jamesrobert627]

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.

[@BrandonRichards21]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@AlfredStephen127]

@@BrandonRichards21 With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach. It appears that your investment advisor is highly skilled. Could you please let me know if you are still in contact with this advisor and, if so, how?

[@BrandonRichards21]

@@AlfredStephen127 Claire Robert’s Durand is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@AlfredStephen127]

@@BrandonRichards21 I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@ThrowBackZone]

Is it just me, or does anyone else feel like comparing debt is a twisted version of 'Keeping up with the Joneses'? 😂💸

[@austinbar]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@joshbarney114]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@joshbarney114]

Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@nickstark8479]

Im 100% in debt! Help me...

[@jerryfarmer5989]

Well I guess me screwed. We own our home no payments. I have titles to all my vehicles. Student loans yep CC yep, 401 there is some. I can withdraw from 401 and pay off CC's but tax is like 35%. I owe I owe it's off to work I go.

[@letsgoheat23]

Bro are you a comedian? “Out here in these streets” had me rollin 😂💀

[@jacobjohnson4763]

That’s his thing, entertainment. It sure isn’t actual financial advice

[@TheMattis63]

This is a bad link. I have the Every Budget Dollar account already but the link didn’t give me the option to calculate my net worth. Only to do my monthly budget

[@bartdoo5757]

that's simple math. A standard calculator on your cell phone will do it. Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities.

[@kaydublin5164]

Debt free here.😊

[@Eye_of_a_Texan]

My net worth is approximately $10

[@smartenuptv7530]

At 33, having a high income, being debt free, and having a paid off house with a substantial amount invested, is one hell of a good feeling. My key to success was that I love to work and my field is very specialized and so the compensation is excellent. Upskill into in demand fields people!

[@danny6296]

@@smartenuptv7530 the state still owns your house

[@leytonfortnite4724]

What is your field?

[@smartenuptv7530]

@@leytonfortnite4724 difficult to give you a singular field. The specialization is the intersection of real estate, investment, taxation/accounting, with a dash of law and technology. For my clients I'm a one stop shop. Business has been excellent. I'm no longer taking new clients or growing my practice. There is peace in finding the right balance and perfecting what you have/do on a scale that you can manage and oversee yourself.

[@119jle]

After four years I still can’t pay down a $8000 CC debt making $104,000 a year

[@Schuman2k]

Lifestyle

[@crashtestdummy1972]

How can i claim my Garfield phone since i won?

[@gamb1t]

I just got married and neither me or my wife have ever had any debt at all. All we have today is a mortgage.

[@mikezerker6925]

I’m financially better off than 90% of Americans, but I still feel broke in this economy! God help those who are worse off than me!

[@suespony]

I guess I am fortunate, I have no debt of any kind. But I am going to retire next year, so I shouldn't have any debt at this point of my life.

[@devilally]

You forgot medical debt 😢

[@SamLee-ds7fi]

Don't pay it. Offer pennies on the dollar later on

[@DavidCovington-st2id]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $80K stock portfolio against declining?

[@mikey43221]

It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

[@tmer831]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@SeanTalkoff]

pls how can I reach this expert, I need someone to help me manage my portfolio

[@tmer831]

'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@SeanTalkoff]

Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.

[@mariorta5017]

Debt free team. Feels amazing!!!

[@scarrmd]

I’m in baby steps 4-6. I sleep easy at night.

[@fsmoura]

I owe _so much_ money it has become the bank's problem instead. I sleep like a baby at night.

[@topezrosser2759]

I can never get away from medical debt

[@SamLee-ds7fi]

Just don't pay it. You can buy your medical debt stupid cheap. Like pennies on the dollar

[@SamLee-ds7fi]

Just don't pay it. You can buy your medical debt for 10 cents on the dollar or less if you want to pay later

[@ujayet]

I rather not have debt than to have money.. maybe it’s just me.