How Much Money Do Americans Need To Be Comfortable?

[@Rogerederer-b2r]

It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.

[@Chrishat-x2j]

Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith in banks.

[@unclepann-g9x]

I believe using an investing advisor isn’t a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2019 with the aid of my advisor, and I later bought my first investment property.

[@peggytaylor-v3e]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@unclepann-g9x]

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 DIANA CASTEEL LYNCH for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@peggytaylor-v3e]

Thanks a lot for this suggestion. I needed this myself, I looked her up on web, and I have sent her an email. I hope she gets back to me soon.

[@kamilareeder1493]

If rent prices were low enough for one to only pay 30% of income on housing, we'd all be doing much better

[@JoseFlores-xh5cj]

Rent prices have a lot to do with property tax, contractors cost, and consumer demand.

[@ericeandco]

If the government took less you could pay the rent.

[@ericeandco]

A home has never been a basic right for any species anytime in history.

[@aminuaidara8601]

And that can only happen if the government invest an build a lot of affordable government houses like most of the European countries but unfortunately they will prefer spending over 700 billion an more every year on their military and they still say it's one of the richest countries in the world

[@djm2189]

​@@ericeandcothis! I get screwed out of left field so hard! No lube. Single, 28, earn $115k in Southern California. Would get benefits for buying a house and now that I can afford it due to newish salary, everything is extra expensive. Fk all of this.

[@face2lune]

The worst part is the people working hardest are getting the least remuneration for their efforts and then shamed in the media for not taking more hours, more work despite the poverty wages. 40% of people in work need state support. That’s a reflection of greed not poor work ethics by working people. This is being done by design, by greed.

[@coolben854]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks.

[@rougeur]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@face2lune]

@@rougeur I've always delegated my investment decisions to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

[@rougeur]

I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@face2lune]

*Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@Aubue]

Rising costs, insufficient savings, and economic pressures are taking a toll on people's sense of security. It's time for a serious conversation about financial well-being and finding solutions that work for everyone, not just a fortunate few.

[@zuzanazuscinova5209]

There is no solution otherwise than becoming very rich somehow

[@brotherbig4651]

Invest in Bitcoin! This is the time!

[@Mr.Free2Play]

But Bidenomics is is sooooo amazing! That's nonsense you're talking. Insert sarcasm.

[@Donkeyearsa]

There is and its been around for thousands of years. Create a budget and then follow it.

[@WoJackMan]

​@@DonkeyearsaExactly! Have these people even considered living in a cardboard box instead of a fancy schmancy studio apartment? Think of the tremendous savings once you remove luxuries like housing out of the way. Those that have tried this, realized there's enough money in the budget to pay for half a month's supply of insulin!

[@guarigonzalez9447]

I love how they are switching between average and medium income to hide the fact that most Americans are actually making around $50,000 (Before taxes) rather than around $75,000 (Before taxes)

[@jsebby2284]

They used the median for the budget later in the video though to be fair

[@SisyphusJP]

Flip flopping to obfuscate how bad the situation is. The government believes Main Street can handle these increases in cost clearly or they would not continue spending/printing.

[@dirtyDan5311]

You know whats even crazier everybody's taking 50,000 as the average when it's closer to 30 or less

[@jsebby2284]

@dirtyDan5311 the median is around 57,500 a year - so not really

[@SisyphusJP]

@@dirtyDan5311 I think there is a real risk of social unrest if they continue domestically which the United States has never truly had. We have enjoyed relatively peaceful time since the civil war domestically. That might change if entitlements don’t cover these inflationary increases, and as more Americans are priced out of living. Hope the government is aware and thinking about that.

[@baronvonjo1929]

Yesterday I heard a guy say people are expecting food prices to go back down. Food will never go back down because the corporations have no reason to lower the prices. I started thinking about it and believe him

[@kuan-k4m]

According to the Communist Party's statement, capitalists are more willing to make themselves the wealthiest by 0.01% without considering the poor.😂😂😂

[@claudiaroedel1368]

As long as food is treated as a commodity meant to provide profit every step of the ladder and not as an essential right of people prices won't come down.

[@SaltwaterRebellion]

Food and energy aren't even included while calculating inflation percentages, if it did it, inflation would be around 17% right now. The same thing happened in 2008, believe it or not, a box of macaroni and cheese or even a can of tuna would feed 4 people a meal now they're half the size. This is your new normal.

[@lolalalia4119]

@@SaltwaterRebellion and have you noticed how the cans of tuna now how more water and less meat in them? They do this thinking we're too dumb to notice.

[@ricardomartinhodacruz]

they will have to come down due to competition. people are spending more time and attention right now looking at prices.

[@NikolasMartine01]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@AgnesHarperq3x]

The deeper your investment roots, the stronger your financial security will be in the future.

[@GraceOliviaf7y]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@OscarBarnaby3k]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@GraceOliviaf7y]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@OscarBarnaby3k]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@pattheegreat]

They bring out these kind of videos to make us realize where we belong. Not too long ago when people started quitting the job market, it was a wake up call to all these people what we are able to do. They have created this environment to squeeze out the last penny from our savings and to show us our position in the society - as their slaves!

[@evilds3261]

A leader is not worth following if you receive nothing in return.

[@milanobus]

"trickle down" economics.

[@aured1310]

"Tinkle on" economics.

[@curtiseisenbeis2484]

I will also agree completely with this!

[@angloblaxon]

We were squeezed because of all the money printing during covid, bank bailouts, federal waste, federal interest due to debt, etc. We are now out of the easy money environment. Focus on yourself, get more educated, change jobs, move to cheaper places, save money. If you don't move and change... you will drown.

[@TheTferrer]

I live from paycheck to credit card to paycheck and so on. I do not have any debts, all vehicles are paid off, I do not carry balances beyond 14 days, and I do not buy what is not needed. Just spend on basics like food, water, electricity, and rent. I live a humble and simple life - still, I cannot make it financially.

[@jordanneedscoffee]

What do you earn, where do you live, and do you have a spouse or roommate? Key questions to solving this problem.

[@Egh0127]

@@jordanneedscoffee???? He said what he said

[@Not_yourMOM]

@@Egh0127is it mathing for you 👀????

[@Im-Tired..]

@babskaz74and illegals are literally getting a whole new life paid for by us it makes me more than angry

[@charlesndo3148]

​@@Im-Tired.. how immigrants are getting that.

[@dtr579]

I lost my job of 30 years and it took 18 Months to find another job. The thing that saved our family was having a large emergency fund. We didn't miss a bill payment or go into debt. We actually kept our same lifestyle of eating out, traveling a little and etc. My suggestion is, save as much as you can when times are good and don't touch it, because when times go bad you will be able to continue on without worrying yourself sick or going into deep debt.

[@Sadreath]

Not changing your lifestyle at all sounds kinda dumb if you don't know when you will actually be in a job again. Sooner or later you will run out of money or have to touch retirement so cutting back is the first thing one should do when losing their job.

[@dtr579]

@@Sadreath I see what your saying, but with my experience in a well known field, I knew I can get a job, but I was looking for a specific job that paid me $100K or more. It takes time. It's not like getting a job that pays $9 to $20 dollars an hour. They're not like handing out $100K jobs like cupcakes. The reason I didn't change our family's lifestyle is because we prepared for bad times by saving money in good times. We had $175K cash to live on and our only debt is our mortgage, utilities, food and gas. Cars paid for, no credit card debt or loans. We're in our 50s and have learned to keep debt really low and always be saving. Our black parents never taught us how to manage money. We learned by mistakes, lot's of debt when younger and growing more mature and recognizing we got to get right with our finances. We have never dipped into our 401K, IRA accounts.

[@Sadreath]

@@dtr579 I fundamentally disagree but in the end it is your personal choice I guess

[@a7x8f3]

@@dtr579 sounds like you guys had a solid gameplan all along! Also it's not like you could have cut back all that much anyways. Your family clearly developed good spending habits and no debt to hold you down while trying to focus on that next 6 figure income. It's stressful enough to prepare and interview for those high-paying jobs as it is.

[@dtr579]

@@a7x8f3 You must know because that is the truth. Interviewing is so much different today than it was 35 years ago. They screen you first, then make you take hours long test to see if you're a right fit for their company, then 6 Interviews with a sleuth of department heads and managers. But I appreciate your kind words. I just try and share how we weathered the bad times. It's at least something to think about.

[@cloudyblaze7916]

I recently started thinking seriously about how to think about money in a way that grows it both for me and my future generation. I started with 400k stock portfolio but it's hard for me to build confidence. I want to invest another 200k over a three-month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any suggestions?

[@albacus2400BC]

Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.

[@mohican-jx6fx]

I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.

[@ericmendels]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

[@mohican-jx6fx]

*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@gregorywhem]

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

[@mumwifeteacher]

College, health insurance and retirement savings are the new luxury items

[@ajr993]

College should be a luxury item or you should pay for it. It used to be an immense luxury, and now for some reason it's an expectation

[@Striker50_]

Why doesnt anyone mention community colleges?

[@positiveb6572]

@@Striker50_ I don’t think community colleges exist anymore more. We’ll definitely not in my area.

[@Machenziethemodel]

@@Striker50_because 2 year college degrees don’t mean anything.

[@Mandelbomb]

Cars soon enough too.

[@jeffreyjackson5229]

The only thing that this video did for me was to reinforce my appreciation for being single, no kids, that I have few worldly cares, and few worldly possessions.

[@PHlophe]

Jeff, hang in there. i moved to Kenya , worked remote just to save a bit of money and so far i can handle the brutal tropical heat . it took some serious getting used to . i decided to move out of the big cities because even in the african continent . property rental , amenities etc..

[@jeffreyjackson5229]

@@PHlophe thank you and you as well 💪

[@cherylT321]

Ditto!

[@stevenphillips3466]

Yes, NEVER EVER get married if you are a Male in todays society....Women Divorce you and take everything and the children , all you are is a Paycheck and wallet . Marriage Benefits a Man NOTHING in todays society. Marriage is a Suckers game in this country . I advise every young man to avoid it entirely , only men Lose in marriage ....

[@T.S.000]

"A path to true happiness is not about the more things that you have, but rather the less things that you want." I have learned about this passage many years ago, but never really paid attention to it. But for the past decade, I have been living a simple and frugal life; and mentally, I am much happier now than in the past, when I owned a whole bunch of craps that I didn't need.

[@JWats-ux1qk]

It is absolutely insane that rent is more expensive than a mortgage in most places. Rent, in practice, is supposed to be a FRACTION of the cost of a mortgage so that you are able to save up to take out a loan to buy a house. This is absolutely insane.

[@meatballhead15]

All through my adult life rent has been higher than mortgages. I've also seen countless people online share stories like "The bank said I couldn't afford a $1,500/mo mortgage so I get to pay a $3,000/mo rent!"

[@stephenc2481]

@@meatballhead15 .... bank look into ability to pay and other factors, like credit scores.

[@suen5006]

Keep in mind these averages include not only new purchases but also people who may be in the 20th year of their mortgage, which is likely much lower. So it's deceptively low because rents have been rising much faster than inflation in general.

[@omstout]

All to those that establish property taxes and insurance requirements.

[@MusouInken]

The purpose of a rental unit is to make the landlord money, not to allow the tenant to save. (I'm not saying this is a good thing, just that it is what it is.) The floor of a rental's price is all of the owner's expenses - mortgage payments, insurance, any provided utilities, etc., along with an amount set aside for any expected or unexpected repairs. The ceiling is however much they can get away with charging while still attracting tenants. In practice, if you rent a house or an apartment you will always be paying more than it would cost to own that house or apartment. Sometimes substantially more. That said, you do at least have more flexibility. You can move much more easily than someone who owns a home, and that can be good if moving allows you to pursue career opportunities.

[@Hannahbenowitz]

I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job or should force early retirement. All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.

[@bartlyAD]

Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued almost $1.4m in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive

[@FinnBraylon]

I fully agree; I’ve got approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one.

[@HildaBennet]

A million dollars in profit is a fantastic achievement; how can I contact this advisør of yours?

[@FinnBraylon]

The fiduciary that guides me is “REBECCA NOBLETT ROBERTS” most likely the internet is where to find her basic info, you can run a quick research with her name. She's established...

[@FinnBraylon]

Rebecca Noblett Roberts 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.

[@allyc4t39]

I am a nurse working the ER of a major non profit hospital. My healthcare premium is 650 a month for my family of 3. And I still can’t get a specialty appointment until 6 months from now anyways. Just let that sink in.

[@americandissident9062]

ER nurse here. My premium is $750, and my copay to use the ER is $500. I can’t afford to use the ER I work in.

[@af3893]

Meanwhile, in Canada your taxes cover the majority of your medical expenses 😮‍💨 I'm ready to hop the border. Thanks for your nursing service ❤️

[@americandissident9062]

@@af3893 Pretty easy to pay for your citizen’s healthcare when the US is footing the bill for your national defense.

[@af3893]

@@americandissident9062 lol I think you're confused, sit down... read a book maybe 🤔

[@Lariocean00]

Insurance went up from last year with worse coverage we went from $700 a month to $850 a month we are both 27 and healthy btw husband and I 💀

[@gphysco]

Sad to say my aunt in her mid 60s won’t retire into probably close to 70s and that’s if things change for the better. I’m still living with one of my parents and I’m 23 after trying to live on my own I see now how hard it is out there. Not ashamed to admit I’m living again with my parent.

[@robertcampbell5485]

Looser , go find a trade job all of them are hiring.

[@Mob4336]

What’s going on is awful. So many people are living pay check to pay check. Inflation is at its all time high , more taxes taken out of paychecks , gas prices went up double .

[@robertcampbell5485]

You gonna keep crying about it, or do something about it? Lazy people live in one of the best countries on the face of the earth and can't make money. Immigrants from other countries come here and make bank because they work...hard.@@Mob4336

[@DreaminBig]

Save your money though. Otherwise you’re simply doing it wrong

[@MukoroJr]

Im 40 and live with my parents…who you telling😅

[@LiquidChamploo]

I’m 28 years old living in Orlando FL. There was a time when I thought making 60k a year would make me comfortable. Jokes on me, even as a single man I can’t see myself retiring with comfort at this pace. I’ve cut down on so much to contribute to savings, praying that when I buy my freedom I’m still in decent health to enjoy the rest of my life. My financial grammar isn’t up there.. (IT Guy) but sometimes I feel like I’m just working towards my own funeral, which is another expense.

[@faustinreeder1075]

Great post!

[@aaronpoisson]

That’s how 99% of us feel. We’re not the 1% that control the money that influences politicians to always create policy to benefit… the wealthy. I’m close to 6 figures and even if I hit that, it’s still not enough.

[@ChronoShinta]

It by design, if everyone able to buy their freedom and have everything like the rich, then there will be less workers for the rich. We are the slaves of society and the rich will keep us down like this so they can enjoy their money through our work. Like a bee hive, you cannot have two queens, it need to keep every other bees as a drone to work under her.

[@mikinaakandersen1189]

I love, "when I buy my freedom". That hits so hard right now, it is how I feel, trying to figure out how to make enough to have a little freedom in life. All I do is work and sleep.

[@nachc6459]

Yup liberals did this.

[@hoosier-daddy-wv5gi]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[@JaneAnna-j6x]

Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

[@richardhudson1243]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@amoreauMike-t6z]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@richardhudson1243]

Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look her up.

[@winifred-k9e]

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

[@EuneataWalker]

I love how this video goes from the problem being societal to “we need to own our financial responsibility and set goals” 🤪

[@jsebby2284]

I mean...... we kinda do though

[@EuneataWalker]

@@jsebby2284 Oh for sure! It’s just that if millions are struggling to makes ends meet, then we’ll need more than just good financial goals 😅

[@jsebby2284]

@user-gv2eq2cw9m I guess the big question there is if they're actually struggling to make ends meet - or just wasting money/making bad choices? There are absolutely people at the bottom who just don't make enough and are struggling and need more than just good financial responsibility - I'm not trying to say there aren't. Just want to make that clear haha But we seem to group the bad financial responsibility people with the actual can't make ends meet people - and then qualify the entire group as "can't make ends meet people" to inflate the number of people that are actually struggling through no fault of their own. If that makes sense haha. Like the paycheck to paycheck or emergency saving statistics that everyone loves to throw around for example

[@expDNA]

We just need to reduce spending and crash the economy. That's what they want.

[@avapilsen]

​@@jsebby2284If most of the country is struggling, individuals are not the problem....

[@ghostrider_414]

I've been living in the same place for over 5 years. When I moved in all I needed to make to afford rent, utilities, gas in my car, food, etc plus have extra to save was about $14 per hour. Now today in 2023 I actually have LESS expenses to pay because I've had to get rid of everything that isn't essential, but I would still need to make $18 per hour just to scrape by with nothing leftover to save. My landlord owns hundreds of single family homes and apartment buildings but says he can't afford not to keep raising rents. These landlords are full of S.... and what do jobs around here pay? Less than $15 for most of them. At my last job the owner bragged all through covid about how we had record breaking profits and doubled our customer base... but they cant afford to give us a raise. Instead they turned it into a revolving door of hiring and firing all day long so they only have to pay people $15 per hour.

[@somindlesssmedia]

man I moved in 2015 to LA (cali already high) literally EVERY YEAR rents have gone up across the board while our minimum wage in cali will rise maybe a dollar a year to where it's sitting at about $16 but yet rent on average is about 2000 food and gas etc so everyone is hustling or moving to the desert areas just to have a home smh crazy

[@IamAWESOME3980]

Making $62.5 an hour as a software engineer in Seattle. Life is pretty comfortable for me. Employers do not pay based on how much you need to survive. They pay based on how much they can spend to replace you. For engineers like me, they need to spend like 1.5 the annual salary of a software engineer just to recruit a new one.

[@matthewsuleski6565]

That's real talk right there

[@bartdoo5757]

@@somindlesssmedia I live in Kentucky and make almost $25 an hour. You can live comfortably on $20 here.

[@analyticalchick3064]

Where the hell do you live? I live in Idaho and jobs mostly pay about $16 an hour. I have 4 part time jobs. My hourly rates are: $12.50, $16, $18 and $25. Each serves a different purpose for my finances and career. My husband has one job making 22 an hour, 33 an hour for overtime. He works anywhere from 30 to 56 hours a week. The thing about our area is that jobs are easy to get June to August everyone is hiring, but it is incredibly slow January to April to where there is NOTHING that time of year. I worked like 2 days a week January to April of this past year. This is my second year here so we will see if I do better this year.

[@FingersKungfu]

I live in Thailand. And while my income is only around $3k a month. The cost of living here is rather low and my expense is only around $600 a month (including health insurance). That leaves me $2.4k saving for each month or close to $29k a year. I also own my own properties. I can’t imagine doing that in America.

[@shaydesofblue2281]

Nice!

[@SecretSquirrel-gp7kz]

Congrats! Expating is def a fantasy

[@Novastar.SaberCombat]

That'd be impossible in the "Ununited Shites of Unbearablica". If you ain't rich, you ain't sheet.

[@ankitdubey-ov7mx]

What job you do

[@Sun-diver]

@@Novastar.SaberCombatcope

[@rannyorton]

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

[@belljoe]

Biden is worst thing that happened to us

[@smithlenn]

TRUMP 2024

[@dawsondanny990]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[@smithlenn]

Fantastic! Can you share more details?

[@dawsondanny990]

was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.

[@cossackgirl_ZP]

College wise: go to cheap colleges. There are some colleges that cost $2000-3000 per semester or less. Go there. Work during summer break. Work part time during your college. Dont take out student loans. Graduate with no debt, with skills. Thats what I did, zero regrets. Even if its a religious uni or college - just ignore the religious stuff, its worth it. Weddings: huge expense you dont need. Its just one day meant to celebrate your big life event - no need for fancy food, location - and all the crap you pay for, so that your guests are entertained. Make it easy on your wallet and yourself - less planning. Why make yourself miserable for weeks ahead of wedding for one day, day during which you will be so tired, you wont remember/enjoy most of it. I used to be a wedding photographer & videographer, and every single couple told me - they didnt remember what happened, that it was all a blur and that they were happy they could watch the video to see all that happened. Thats how stressed and tired they were. I married in courthouse - best decision ever! Very special and intimate. No regrets. No debt, no spending. Rings: another big money saver - dont save up for a ring. Dont request an expensive ring - whats the point? Is it a symbol of love or is it a used car on your finger? And guess what, rings do not resell well, at all. If you buy a $5K ring, you’ll be lucky to find someone who buys it used from you for $1K. Dont waste your money. Stay true to you. Do what actually makes YOU happy. Not what makes you look happy. Dont buy the illusions. Buy small house. You dont need the classic huge American house. For what? To store stuff? Life is short. Buy only what you truly need and what makes you happy, for real. Dont buy into capitalist bs. You dont need 15 decorative pillows on your bed. Or buy a house and rent a spare room(s) in it to help you pay mortgage. Buy an older used car thats reliable. With cash. Buying an older Toyota saved me thousands in repairs. No car loan. 5 years on a 14 year old car, and still not a single repair. If you can - find a remote job, save on transportation and lunch expenses (cook at home) Only buy things you need rn, or about to use, dont buy things “in advance” When your paycheck increases - do not increase your spending, keep it the same. Try to avoid any loans and debt like a plague.

[@purpleheartproductionspurp5916]

Very well said. That is great advice for those willing to listen.

[@handleyobusiness]

Fantastic solid advice.

[@deyoungyoung3059]

This comment made my day. I’m surprised it doesn’t have enough likes?

[@michaelcooreman3509]

@@deyoungyoung3059 Because their is more in life then working hard and saving money...

[@Collinsv8]

Solid advice and good comment.

[@Randomcharacters_]

When will these “experts” admit that at some point you can’t budget yourself out of poverty.

[@kingphilwill]

No one is saying if all you do is budget you will get out of poverty...it's only 1 step in many that must be taken...to get out.

[@RWald8888]

Great point poverty doesn't allow you to budget or save.

[@nycnaturewalks]

My thought exactly. It’s insulting. Their “solution” is basically for us to acknowledge that we’re broke and deal with it. People need to be getting paid significantly more… that’s the obvious solution.

[@kimkaragiannis848]

​@@nycnaturewalksExactly! And I will NOT be gaslighted into believing any different!!! Smh!!!

[@kimkaragiannis848]

I agree!!!

[@davidsantana9138]

This topic needs to be addressed more often and more honestly, because hearing "just save money" or "hustle harder" doesn't really solve the problem, it just gets on my nerves. and another symptom of this problem there're sharks who take advantage of people who are looking for that extra bit of income with MLM's or working gigs

[@Summerdee223]

Don't fall for an MLM! Sorry to tell you, but everything you have heard is true no matter how much you wish it wasn't. Earn more money/hustle harder and save/invest/be frugal. It's been the same story for eternity and I'm not sure what you think is different right now. We are in an economic downturn and it sucks, but things will recover. Either way, the facts never change: spend less than you earn, figure out a way to earn more if you can, be frugal, save every dime you can. Nothing will EVER change those basic economic facts.

[@antilogism]

@@Summerdee223 So true. Life runs relentlessly hot and cold so be prepared, flexible, keen.

[@davidsantana9138]

@@Summerdee223 I agree. I think the main difference is how easy is to spread that message that can sucker people who are struggling because THEY'RE the problem... But if you buy their self-help book + 5 hr course they can earn "financial freedom". And the frustrating thing is if you speak up about it you'll be labeled as a hater or some nonsense, hustle-culture is almost cultish

[@nexeroth7151]

Go drive an Uber instead of watching KZbin.

[@dalton6108]

I work a full time job and go to school full time. I’m living paycheck to paycheck. I was thinking about picking up a 2nd job ( aside from door dashing) that will make me more money. If I can make an extra 300 a week I will be able to be good. Put some money down on some debts

[@donaldwayne7023]

I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money

[@Angelinacortez495]

You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@debbygradley25]

It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.

[@danieltaylor--65]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation

[@debbygradley25]

"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.

[@JenniferDavis7630]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Autumn-Rain]

I love the money/ finance series from this Network

[@earlysda]

Autumn, be careful, many things CNBC says are not true.

[@Empathetic_Barreta]

I think its definitely time for us to come together as one , regardless of political party . Make it known that we need a change

[@keropi193]

class consciousness and political action is essential so we can move past wedge issues and in to actual material change.

[@BossItUp911]

makes no sense as the entire point of politics on the fiscal side is to get someone else to pay for the stuff you want and can't / don't want to pay for yourself (medical, college, food (Stamps), child credits, etc. etc.)

[@americandissident9062]

Literally impossible.

[@innocentrage1]

Not regardless of political party. Republicans give tax cuts to the mega rich and its a major issue of how we got here. Vote blue if you want anything to change

[@FirstHillSeattle]

Yes...people need to vote in their best interests. Voting for a candidate who doesn't want you to have healthcare, or thinks that billionaires need another tax cut is not in their best interest. But about 45% of voters love those types of candidates. As the phrase says "you get the government you deserve". I still remember in France when the government said they were raising the age of retirement on the state pension, there were literally riots in the streets. Here, American have voted for people that have said they want to get rid of social security. It's like we have low self esteem and don't think we deserve better. I don't get it.

[@Hunty49]

Schools are not designed to teach you how to live. They are designed to teach you what you need to be a good worker. Your parents need to teach you budgeting, money use and financial aspects. The problem is that a lot of parents don't know these things themselves.

[@marenwilliams2787]

So agree!!

[@jasonae38]

because they were not taught in school too. lol . only top1% enjoy decent education, then their kids get much more decent education from schools and from their families.

[@1pearblossom]

The system was created by the elite to serve the elite. Education is used to endoctrinate and keep everyone in their lane. Not much has changed since the 1700's and absolute monarchies. It's just that it is packaged differently.

[@f50elite]

Schools can definitely be designed to fill that gap though. Very easy to either alter a curriculum slightly or add a required course. I actually would trust that more than I'd trust the quality of information some kids are getting from their parents.. Also, not sure what "good worker" means to you. I see plenty of co workers at my job who went through 16 years of schooling, and they are not what I'd call "good workers"

[@luiscontreras5500]

Amen to that. That knowledge is important in planning out your future. However, wages have not kept up with the increase in expenses. I had a nice cushion saved up, partner ended up becoming disabled, and I had to take care of the household by myself. Burned through my savings, sold their car, moved into a 1 bedroom apt, racked up some debt, and picked up a second job to make sure we don’t end up in the streets. I’m thankful for some grants that my partner has been able to get to assist. We used the backpay of disability to pay off some of the debt, but I’m burning myself out and feeling helpless. My partner was a hard worker, but they are unable to work. If I leave them, they will be out in the streets and I’m not about to turn my back on them, but I can’t help but feel I’m stuck in a helpless situation due to financial concerns. I even thought about moving us in to my car to save on some of these expenses. I’m fiscally responsible, I’m trying so hard not to pull out of my retirement money, but that may be the next option if things continue to rise. After that, not sure what will happen. I make $75k a year on one job and about $30k on the other. I’m trying to find a better paying job to fix this situation, but it’s been quite difficult.

[@Bridget-l7p]

What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.

[@trazzpalmer3199]

You'll probably become more financially independent if you understand investment and personal finance. Those with a solid understanding of finance and investment are able to make wise decisions regarding their savings, spending, and investing. To the best of my knowledge, this recession-affected market allowed someone I know to make over $350,000, but they did so via a financial advisor.

[@DavidLucas-so8rr]

Most people minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@SarahTaylor_]

How can one confirm a licensed advisor;,? I buy the idea of employing the services of one because finding that balance between saving and living comfortably requires maximum discipline. My goal is retiring or working less than 5 years from now. Pls, how do i get a hold of one?

[@DavidLucas-so8rr]

"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.

[@Bako-b8j]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@gold9994]

If rent is just 30% cheaper, many would be comfortable.

[@Stylez-13]

Good luck with that... everytime I renew my rent contract they want more... a lot more

[@mariusfacktor3597]

We need to build much more housing in our most important cities. The housing shortage is rent-burdening millions of people and it's all policy induced.

[@chewser117]

Just having affordable healthcare/insurance would go far too. Having your health tied to your career is such a ridiculous concept. I've had so many opportunities to take on contract work and make more money to live a more comfortable lifestyle, but passed on them because I would go from free healthcare from a government job to having to fork over a $1000/month for the same level of coverage... it's insane.

[@handleyobusiness]

I moved from my $1220 apartment to a $925 unit and got 30% cheaper rent. Find a new complex if you want to pay less rent, because you’ll never negotiate a lower price if you remain in the same complex.

[@ahmedzakikhan7639]

​@@handleyobusinessI pay 3000 for studio.

[@PatrickLloyd-]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@Dannyholt33]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@PhilipDunk]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@hankmarks69]

@@PhilipDunk this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@PhilipDunk]

My financial advisor is “Vivian Carol Gioia” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website

[@hankmarks69]

@@PhilipDunk 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.

[@helenoliver4838]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@rhondaeggers110]

It is not always fear. Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.

[@helenoliver4838]

@@rhondaeggers110 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant BRIDGET MARY TUROW and everything changed. I started enjoying huge returns from my investment.

[@rhondaeggers110]

@@helenoliver4838 Really? Well, I used to have a professional but his license was withdrawn along the line, so I continued on my own. Anyway, how can I reach your adviser or someone as good?

[@jeremybowen-ot9ww]

The best thing that has happened in my life is working with BRIDGET MARY TUROW. I haven't just attained financial freedom, I have gained a lot of power in the knowledge I have acquired from her. She is highly recommended.

[@helenoliver4838]

Lookup her name on the web

[@danielguide2457]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@EdwardsLluka]

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

[@fawnriverpuppyservices76]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@PhilipsJameszang]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@fawnriverpuppyservices76]

“Melissa Jean Taligdan’’ 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..

[@danielguide2457]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@mELONHEAD1899]

What is failed to be mentioned here is the other costs you have to buy at the grocery store other than food. diapers, pets, toiletries, cleaning supplies, laundry stuff, those aren’t food items. Our total grocery bill is over $800 a month. And we have cut back.

[@Seanpfree]

We've been priced out of our hometown in middle Tennessee rent is up over 100% we've lost 76 bids on our first home in the last 3 years

[@vincentvilay1407]

Oh, I agree. Real estate is getting ridiculous around here. Where are you at specifically, if you don't mind me asking? I grew up in Antioch, but family moved to Franklin back over a decade ago. Went to college in Nebraska, but now I live in Dickson. All the counties adjacent to Nashville are getting really bad, Williamson County in particular I feel like, but from what I've heard, even the prices in places like Hickman County or Humphreys County are going up high enough that younger people who grew up there can't afford to buy a home there anymore.

[@SweBeach2023]

Have you considered building your own? Doesn't have to be big and fancy, 800-1000 sqr ft should be more than enough for most.

[@handleyobusiness]

Well, Shelby and Tipton counties are affordable here in west TN.

[@catdragon2584]

Money may not buy happiness, but it sure does buy stability 🙃

[@pishachas]

@@anthonymercado8126too bad no one will build me a car for my 40 hens 😭😭😭

[@Toolbox12-y1p]

Money can buy happiness but what you are pointing out is true happiness which can be only found in Jesus Christ. We need to worry about where we go after death, heaven or hell eternal happiness or eternal suffering sadness

[@DC-qn4wz]

Financial stability leads to much less stress and therefore happiness!

[@manuelmanuel3968]

​@@anthonymercado8126it's not sustainable anymore in the day and age.

[@righteousone1]

Money does buy happiness. Give a poor person a $1K and see how they react.

[@Martinezmz6]

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..

[@Martinezmz6]

ELIZABETH GREEN HUNTS Get to her with her name.

[@SophiaAlbury6]

Kudos.

[@NonyaBizzz-nasty]

all luck

[@maxsanemitchell1609]

54 is not young.

[@pensacola321]

The level of income and wealth inequality is phenomenal. Sad.

[@Novastar.SaberCombat]

Rich gotta rich. Poor gotta serve. "Stay in your lane" is the message.

[@erickn7985]

​@@Novastar.SaberCombatNah bro it's hard work and not committing crimes. Hitting the books or trades is the key to the America dream. Also. It having a kid out of wedlock is also important😂😂

[@djm2189]

​@@erickn7985bull. That was the truth back in the day, not now. The wealth distribution is exponentially greater. The CEO pay grew exponentially. Did you not watch any other documentaries? I should be golden but everything is way too expensive. I grew up first gen American and poor AF. Now 28, earn $115k, no debt, single. I should have way more options for homes and bunch extra for wants. Nope and I live below my means and track every dollar with MINT. The American dream is pretty much null now. Most can't afford it even if they follow the play book step by step.

[@Novastar.SaberCombat]

@@erickn7985 Nah brah. I have been one heck of an ethical, awesome, innovative, frugal, yet hard-working human over the decades. If someone is doing well, they're there because of LUCK and almost nothing else. Hard work is important, but eet down meen shee-it if you ain't lucky. 😂 Even one catastrophic disaster (out of one's control) can bankrupt a dope individual. Three'll absolutely BODY them, too, lol. 💪😎✌️ I once knew a SUUUPER wealthy dude. Hottest wife, best cars, giant house, cool kids. Three major events struck. Then she left, he went broke, he disappeared for about 6 months, and was later found dead and rotting in a dumpster. For some reason, his hand was sliced off. No idea why. It ain't nothin' now though. ✌️

[@antaresxp]

Don't be sad. Work harder, take risks and you will be fine.

[@kinglui89]

The problem is not enough income As someone who lives paycheck to paycheck , it’s hard to save money when you end up needing w/e u set aside . I Can empathize with anyone who is living paycheck to paycheck. Just know it’ll get better. Budgeting consistently helps keep ing things on track but it’s a harsh reminder of your reality . If I can have a larger income I know it would help me immensely . I’ve been looking consistently and applying for jobs but so far no luck

[@FirstHillSeattle]

It all goes to CEOs.

[@djm2189]

Much respect! I hope you remember this when you make more money cuz lifestyle creep is real. I'm 28 and now earn $115k. I grew up poor so I live below my means while also saving each month and 13% of my income goes to retirement. Fellow friends let lifestyle creep hit them and they bought a bunch of expensive stuff, go out all the time, expensive cars, etc. But they live paycheck to paycheck....

[@americandissident9062]

Know it’ll get better? How do you know it will?

[@charlene.elovitzChannelYT]

It's hard to save money when you haven't had employment or many stretches without work

[@nber1954]

​@@djm2189what a real and responsible answer! Love it Looking to improve your professional situation and not being afraid to look into your decisions/errors/habits is key. The numbers in a budget can give you a hard but much needed reality check!! Give yourself an objective and stick to it. Don't fall into the temptation of increasing your lifestyle or buy out of social pressure

[@bernadofelix]

The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

[@hersdera]

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

[@hersdera]

There are true professionals at the top of their game; I had the pleasure of dealing with one, and it turned out to be really helpful as they assisted me in restructuring my complete portfolio. Margaret Johnson Arndt, a well-known professional in her field who you may be familiar with, is none other than my advisor.

[@littleengine6121]

Sounds like a not-entirely-true exchange to promote a possibly questionable service. Don’t trust strangers for financial referrals. Look to people you know and trust for recommendations on financial advisors.

[@sketch2013e]

@@littleengine6121yeah, this is a pretty common scam going around

[@jrm2383]

Sure you did 😂

[@EmilyEvelyn-90]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family....

[@FreuleinBey]

I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks....

[@EmilyEvelyn-90]

@@FreuleinBey Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*...

[@FreuleinBey]

@@EmilyEvelyn-90 Oh please I’d love that. Thanks!

[@EmilyEvelyn-90]

*MARGARET MOLLI ALVEY*

[@EmilyEvelyn-90]

Lookup with her name on the webpage.

[@DearSX]

Everything is more expensive now then just a few years later, but I'm very lucky that it does not affect me much. Some of family members that have gotten sick are in big trouble, its really hard to make it without help for many many people. I was secure financially years ago when I was making closer the average salary. I went to a local 2 year college $4k/year (graduated 2016), bought an affordable home $200k (2017), Used car $6k 2007 Honda), etc. Most people can't afford a home any more, used cars are more expensive and college is tough to finish for most people.

[@donaldlyons17]

Yeah all those factors make a difference. I still can't believe the buying power of $12 an hour 15 years ago to today's $16 an hour.

[@stephenc2481]

@@donaldlyons17 ... $12 fifteen years ago is like ... $25 today.

[@rdean150]

In 2019 (4 years ago), 49% of the used car market was priced under $20,000. In 2023, only 12% of the used car market is under $20,000

[@DistrustHumanz]

3:54 Can someone please explain to me how the average American household only spends $96.42 a month on healthcare?

[@hejiranyc]

That's health insurance. Most Americans get health insurance covered or heavily subsidized by their employers. My last two employers provided 100% free health/dental/vision insurance.

[@Roguecor]

Because of deductibles and copays.

[@DistrustHumanz]

Perhaps I asked the wrong question. If the average American household pays only $96.42 a month for healthcare, wouldn't that explain the current almost $200 Billion in U.S. healthcare debt?

[@Ruslan-S]

​@@DistrustHumanzthey pay much more for it, just not out of their "take home" pay. It's being deducted by their employer to pay these premiums. The employer doesn't just pay this from the free money they have lying around. They could've been paying that to the employee and then they could decide on the insurer, but the employer pays directly to the insurer instead. Employer thinks it's a fair compensation for the work that the employee provides so it is part of the employee's pay in a way, and it's the employees who actually earn this money that gets paid to the insurer, and it's much higher than 90 dollars that they also have to pay from their "take home" income.

[@Nulgy_bugly]

96 is the amount deducted from my biweekly paycheck so that's $180 a month. 96 is way too low

[@OnasaD]

In America and much of the western hemisphere you work to live and then you die once you stop, this is why most retired folks or smarter younger folks are leaving to countries that don’t prioritize money above everything

[@leytonevans8332]

A online job at US minimum wage will pay you enough to live very well in many countries. Not a solution but a great option for adventurous souls. Same thing with retirement. The average SS payment gives you a Waterview condo in Thailand with quality and inexpensive Healthcare. I know it doesn't work for everyone, but it beats living in section 8 housing and eating at soup kitchens.

[@Casey-summer]

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

[@lilyhershey1]

To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.

[@sloanmarriott5]

I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time I've actually earned over $645k. It was a wonderful experience!

[@louie-rose7]

​ *@shirleygarland4766* I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@blackhawk7r221]

Have you tracked out inflation rates over the last few years? I think not.

[@DeezNyutz]

​@@sloanmarriott5She is horrible and a scammer!!!!

[@jensumayer]

You are using average and median interchangeably, which they are not. I understand, you cannot live in the big coastal cities at $4,000 per month. I earn less than 75k per year in the heartland and that is a very comfortable living. Don't fall into the credit card trap, don't buy what you can't pay for. Instead of talking about the average, focus on the millions of hard working full-time employees who can't make ends meet due to minimum wage, student loans or medical bills.

[@stephencullum8255]

Where you live makes a huge difference. In the right places you can retire and make it just on Social Security. I live in Orlando Florida and we are one of the most unaffordable places in the country when you factor in the medium wage with the very high cost of living. Anyone thinking about retiring in central or south Florida , unless you are packing a lot of money don't. My wife's native Georgia is more affordable and if working pays a higher wages. If my home was not paid off and my family here I would move there.

[@lolalalia4119]

So the final advice given to the average American after outlining just how bad Reagan-omics, corporate capitalism, and an unchecked federal reserve driving the rampant financial insecurity was: budget, understand that everyone is suffering, and "deal with it". Did anyone else catch that? They saved it for the final minute of the video

[@ronty08]

Absolutely agree with this

[@Novastar.SaberCombat]

Rich gotta rich. Poor gotta serve. Thousands of years of consistency, baby. 💪😎✌️

[@zachariahsmith9130]

I caught this. I said that their advice, was just frivolous. They showed no understanding of the problems that are plaguing people, did any of them look like they were struggling?

[@kevinm.8682]

Blaming the policies of a president who's been out of office longer than many people watching this video has been alive? Classic transference. Smh....

[@zachariahsmith9130]

@kevinm.8682 Youd have a point if that wasnt still happening. So would you like to contribute something constructive? There have been more tax breaks for the wealthy and theyve generated massive profits which causing inflation (which is really artificial btw). Sooooooo sounds like Reagan-omics to me.

[@franciscogomez2565]

My parents own their own home and still feeling it. Imagine what that means for everyone renting. Groceries are so expensive and everyone is feeling it!!

[@slaydog5102]

Plus more and more teenagers are still living with their parents past 18

[@sarahsimpkins1311]

​@@slaydog5102they don't have no choice cause rent is high. It's not like it was 20 years ago when you use can rent a 1 br apt for $375 that's how much i paid back in the day. Them same apt them rent is $1000 now.

[@sarahsimpkins1311]

@@JasonBourne-lt6oo cost of living is getting expensive every where

[@unidosconleonel8995]

Income from work plus investments can make life perfect

[@dieseldouche7735]

​@@sarahsimpkins1311rent for a one bedroom in Colorado is $1600+. Absolute insanity.

[@0toAlpha]

The problem is really corporations increasing prices because they knew they could. A lot of America is realizing it’s not cheap to live here and a lot of costs are just passed down to consumers while trickle down economics don’t work.

[@mariusfacktor3597]

Trickle down economics doesn't work, that's absolutely true. Tax breaks and subsidies for corporations only makes the CEO bonuses bigger. It does not cause higher wages or lower prices. There is another problem too. And that is the housing shortage. This is actually caused by ill-intentioned land-use policies created during Red Lining to keep minorities out of white neighborhoods. It's called Exclusionary Zoning and it makes it impossible for the supply of homes to keep up with population growth in our most important cities. That's why LA and SF have really high rent prices and mass homelessness. It's a policy choice.

[@bwofficial1776]

@@mariusfacktor3597 And yet, go into any major city or rural area and you'll see plenty of abandoned houses. We have enough places to live but people would rather walk away and leave them.

[@mariusfacktor3597]

@@bwofficial1776 There are not many abandoned homes in major cities. And an abandoned house in Mississippi doesn't do any good to a rent burdened family in Phoenix. There isn't enough housing where it's most needed.

[@OkagaCalifornia]

This is definitely a cause. People at the top are allowed to make things more expensive because there’s nothing we can do about it. Food prices increase, what else are the people going to do? Thankfully the CEOs can see their profits skyrocket, it’s completely ridiculous.

[@bwofficial1776]

@@mariusfacktor3597 Go into the less desirable neighborhoods, aka the hood or the ghetto and you'll see boarded-up houses on every block. Those people in Phoenix can scrape together a Greyhound ticket and go to Mississippi if they really need a roof over their heads.

[@Suntz_u]

I’m 55 from Sri Lanka but worked overseas in USA all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management??

[@Richmind-ir5zi]

Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...

[@Doracox22]

I would get money management just in case. You’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!!

[@greekmom]

I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly 85% ROI as of today.. My best so far!!

[@Marianela-r3v]

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

[@greekmom]

"Kristin Amber Landis" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@kylemills7161]

Man, I make about 100K a year (with a family of 6) and we are living paycheck to paycheck. We are alright, and we have a nice home, but I can't afford to do hardly anything extra. A vacation? Forget about it. I can't save up thousands of dollars for a trip anywhere, I can't even afford to take the family out to a restaurant. Money sucks and it is probably the number one source of stress for our family

[@mathgasm8484]

I save $1600 a month and dont even earn 100k.

[@kimberly6243]

God bless you and your beautiful family. I feel you 100% and can relate!

[@bluethundar]

​@@mathgasm8484and how many mouths are you feeding?

[@mathgasm8484]

@@bluethundar If you include my bee farm millions lol. otherwise its just me.

[@AnDongying]

It's a pity to replace this news, so you have to make some passive income to improve your life, and you have to think about the children.

[@bcase5328]

Rent/Mortgage, utilities, taxes/fees, communication, and transportation costs should be grouped together. You might find a location where housing costs are lower but it is offset by having to travel much farther for employment, having to pay much more for internet if you can work from home, and/or being in a location where pay rates are lower.

[@gold9994]

Honestly, if they just made rent 30% lower, many would be comfortable. The burden by rent is so big.

[@Erin-rg3dw]

Same. The automatic response people like to give when someone says their housing is high or for them to move. While that may be an option for some people, you may be sacrificing more than it's worth. If you move to save a couple hundred dollars on housing, but end up spending more on transportation and/or increased childcare because you're gone longer, have you saved anything? Also, is the extra commute for work and other necessities worth it? Maybe, maybe not.

[@donaldlyons17]

@@Erin-rg3dw Yep all again obvious tradeoffs I would think almost everyone would consider. Leaving also cost money too with missed work AND moving expenses. And then there is the rent, deposit, new insurance cost too.

[@DLTube68]

Like many, I suffered a financial setback after my divorce. It was many years ago, but I still remember this one event like it was yesterday. It was a Friday and I just got paid. After paying rent and utilities, filling up my truck with gas, buying 2-week's worth of groceries, I had $20 left to last me until my next paycheck. My son asked if we could go to Burger King (he liked getting the little paper crown 🙂). I had to actually think about it 😔. It took a lot of hard work, but things eventually got better. As I advanced at my job I still maintained a modest lifestyle, saving and investing as much as I could. Fast forward to today- I'm retired at 55 and living comfortably!

[@JohnDoe_1609]

It does seem like after being financially destroyed by a divorce, it sets you on a good path in the future. I was in my late thirties when that happened to me and at 48 things are a lot brighter. Maybe it forced me to live on a budget and better understand my wants and needs.

[@DLTube68]

@glo8499 The "Not All" crowd is SO predictable. Listen, not all snakes bite, but I'm still not going to pick one up!

[@DLTube68]

@ChadiusMaximus196 Yep 💯%. Also, most people don't realize the kickbacks that come from the collection of child support goes to funding wealth, welfare programs such as food stamps, and section 8.

[@DLTube68]

@dandietiker1609 Yep, there is a lot of truth to that. For those who are introspective, it can be a blessing in disguise.

[@Der8cho]

Remember this... the Court system will always favor the Woman. Men: Have a prenuptial agreement prepared before getting married!!

[@VerónicaMohamed-y9t]

I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65.

[@ZaylaDella-xh1gq]

Retiring at 60 with around 1.2 million in non-retirement funds, my debt-free status contrasts with the seemingly modest growth in my retirement accounts over the past three years. Emphasizing the crucial role of an investment advisor, thorough research is essential to find a trustworthy professional.

[@VerónicaMohamed-y9t]

Could you share details about your financial advisor? I'm looking to improve my finances and exploring options would be valuable.

[@ZaylaDella-xh1gq]

Lisa Ann Moberly'' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@VerónicaMohamed-y9t]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@mein3324]

@@VerónicaMohamed-y9t No she is fraud stay away from her

[@FirstHillSeattle]

Back in 2012 when Mitt Romney was running for president he was asked by a reporter what income he thought would make someone middle class and he said $150K a year. He was roundly criticized for this answer, and people used it as a reason to say he was out of touch. I thought it was a GREAT answer. In order to own a home, send your kids to college, take a vacation every year, and drive a car that is relatively new, in most places now, that was an accurate answer. So we need to get honest about this as a country, not laugh at people for speaking the truth. And it also starts with workers demanding more. Not voting for people that want to get rid of labor unions, or who don’t care how much you pay for healthcare.

[@EJT9000]

His answer was 10 years early

[@dukemandu]

I don't think I've ever broken 35k a year. Any job that pays more than this is highly impacted and the employers annoyingly picky. This has always been the case no matter what they tell you about unemployment numbers.

[@itsrelativ3967]

I tried working 2 jobs and the only way to do it was working overnight with 4 hours free in-between after getting off from my day job to rest before heading into the 2nd job. Going back to college at 36 is 90% impossible (even taking classes remotely). Bills don't stop and they increase every 3 to 6 months.

[@mastercreamer1398]

Keep searching, you’ll figure it out. There is a way!

[@simplydivine77]

Welding, electrician, HVAC, plumber, pipe fitter, process technology, maritime verifications take less time than college and pay extremely high. You maybe to move (like to Houston) where there are mad jobs in these afield due to the Port of Houston being the busiest and wealthiest in the country. Good luck.

[@itsrelativ3967]

I make a decent living and can afford life's neccessities with a small emergency fund. The issue is being thrown off when increased bills and inflation disrupts what I've already worked hard for and my income stays the same. I just don't think a formal college education is useful for me anymore. After getting my associates fatherhood and life happened. I should to go into the trades since I'm getting burned out having to meet unrealistic quotas in technical sales for Verizon.

[@mastercreamer1398]

@@simplydivine77 people have been migrating away from hard work forever. People will say they just can’t make it but when it comes down to it, they are just not willing to. People go to the gym to work out and pay for it when you could get the same work out roofing for the day or whatever and get paid at the same time. They are just flat out lazy and there is no fixing that my friend.

[@MrBlaze256]

i dont really have any bills. paid 24k cash for my house and 4 acres. right now a trailer and acre is for sale for 13k beside me

[@FrankPatrick-no8zo]

My main worry, given the current rate of inflation,my focusis how to increase my $300k reserve, which has been sitting stagnant for a very long time with little to no gains. I understand the long-term strategy, but since my savings are being eaten up by inflation and my portfolio is losing value every day, I need to find a solution quickly.

[@CrystalJoy-32]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

[@LuvmeRos]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..

[@alicegomez7232]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

[@albacus2400BC]

Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

[@xcvr5052]

Dead internet, this a bot

[@erickn7985]

Working from home has been a great thing to have, it has allowed me to save thousands of dollars. Working 2 full time jobs is truely a blessings

[@Summerdee223]

So do you work at least 80 hours per week or are you working two full time jobs at the same time (two jobs in the same 40-ish hour work week)?

[@ewentglobal9480]

@@Summerdee223not all jobs pay hourly.

[@Summerdee223]

@@ewentglobal9480 I have always been a salaried, exempt employee my entire career...so yes, I understand that fully.

[@Summerdee223]

The difference is that non-exempt, hourly workers are paid overtime and exempt/salaried employees are paid the same salary each week regardless (mostly, there are some exceptions).

[@rdean150]

The question still stands. Do you work 80 hours a week? Because even if there's no commute, that still sounds like hell. Actually, I know it's hell. I was working around 60 hours a week for a couple of years during the pandemic and it WAS hell. Doing it from home just made me lose my mind a little more.

[@GaryWinstonBrown]

It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@MichealTanner141]

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

[@AnnaKrueger809]

I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..

[@Seanmirrer]

I've shuffled through a few experts in the past, but settled with SAMUEL PETER DESCOVICH. The strategy he use is recession-proof, more specifically profit-oriented , and most likely, you'd find his basic info on the net, he's a renowned advisor.

[@Rhgeyer278]

It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.

[@PennyBurdick318]

I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.

[@asishreddy7729]

Love the advice at the end, “deal with it”. CNBC giving some stellar advice right there

[@zuzanazuscinova5209]

Because the truth is there is no solution

[@ck8579]

​@@zuzanazuscinova5209sure there is.. make more money

[@fortheloveofnoise]

​@@zuzanazuscinova5209Revolution

[@doreendidario6480]

It's scary America is so screwed

[@BenTodd-fl8nv]

I was part of the recent layoffs at Tesla and this bites hard. I am grateful that I kept some savings about; $600k and I am looking for ways to invest this into the stock market to generate good dividends to supplement for my monthly expenses.

[@HarrisRyan-oy8eo]

Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $600k might seem like much, one bad decision might seriously deplete it.

[@judynewsom1902]

A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

[@Debbie.Burton]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@judynewsom1902]

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@A_francis]

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.

[@kenttsui6024]

as Home Owner, there is property Taxes, maintenance costs, insurance ect not accounted for.

[@keithmartin1328]

It's not just in the USA, we are going through the same inflation concerns here in Britain. The government has had to give out cost of living payments to people on the lowest income. For me personally I've seen my mortgage rates, energy bills,car insurance and shopping all go up sharply over the last 2 years.

[@manuelmanuel3968]

Do you have kids?

[@keithmartin1328]

@@manuelmanuel3968 yes, a son. I was widowed 4 years ago. I do get tax credit for him.

[@yamomsass1263]

We give food and money to people in low income and cheap housing along with free healthcare in America

[@AshleySpeaks4U]

​@@JasonBourne-lt6ool❤❤¹¹

[@unidosconleonel8995]

Then you'll have to work twice as hard to live alone and take care of your son.

[@electrikoptik]

Fun fact: the majority of people earning $100K a year are living paycheck to paycheck. It's interesting that "100K" is still used as the gold standard for a good income. Earning $100K was considered substantial 20 or more years ago, but times have changed.

[@kyleolson9636]

Truth. While I aspired to have a 100k income in the late 90s, that is actually a $185k income today. The same goes for the term millionaire, which originally meant someone truly wealthy with a net worth of around $100 million today. In fact, as early as the late 1800s the term multimillionaire entered circulation because becoming a millionaire started to lose its original meaning.

[@karstenbursak8083]

The channel "Black Forrest Family", an american family of 4 living in Freiburg/Germany made an interesting 4 part series comparing salaries, taxes, benefits and costs of living between the US and Germany ... might be a Real eye opener for some folks

[@WillmobilePlus]

If you earn 100k and living like that, you are just a fool. Dont give me this BS that this isnt enough.

[@DearSX]

I make $100k per year, which comes out to $5.5k per month after taxes. I pay $2k/month for 2 children daycare, $600 for my used car (including gas, insurance, repairs, etc.), $1500 for my rent, about $900/food, the rest is misc. (clothing, phone, etc.), Total about $5500/month; so yeah pay check to pay check. Once the kids don't need daycare I should be in better shape. oh wait, my wife also works, never mind, I'm ok. I need to get access to her bank account.

[@millirabbit4331]

Its gotten really hard to save at all. I make $120k and still feel like I need to be careful what I do with my money because my wife is stay at home and we have 2 kids and I have student loans. It sucks a lot. Im better off than others but I dont see how others even come close to surviving.

[@412StepUp]

Lets be honest. The average wage is skewed due to the super rich. Most people out here are trying to make it on 30k, 40k, 50k. I don’t consider before taxes to even be a real number. I base my pay on what actual amount my checks are.

[@theonlyconformist]

They used the median, not the mean. That said, I'm pretty sure this is household income. So you're averaging in couples that cohabitate, apartments/houses with roommates, and single people that live alone. It doesn't mean that the average individual makes $75k. Their wording is confusing, but I looked it up and yes, household income is $75k.

[@Z3R0SAMA]

I keep trying to tell people that saving is not possible these days and I keep getting told "stop spending your money on stupid things"......if stupid things mean rent and bills and food then I guess I'm stupid.

[@jsebby2284]

I mean..... They're kinda right though

[@karolinakartagena4627]

Think about ways you can really save: go to food pantries for food (free), seek housing financial help- do this for a full year and save the 100-300 each month every month. Create a second or part time hussle (resale, cut yards, flip furniture, Etsy , etc)

[@donaldlyons17]

@@karolinakartagena4627 If you have to save by depending on others the problem should be obvious!!!!!! People are trying to find solutions themselves...... not go the the state and feds and get them to pay for stuff wtf if we could all get stuff for free or cheap why bother with stimulus checks.

[@wadecodez]

The average house costs about 400k! Where are people getting this kind of income?

[@ricnyc2759]

People are not buying houses. BlackRock and other companies are buying them to rent.

[@jsebby2284]

Well you don't just buy the house up front lol

[@oldtwinsna8347]

It's within reach of two earners in a household. The main problem is that they don't have existing debt that overrides their ability to get a home loan, and 90% of that would originate as student loan debt.

[@wadecodez]

@@oldtwinsna8347 So if I attended college, I would be able to buy a house?

[@RiversideInsight]

The problem is not cost going up, it's the value of your dollar coming down. The issue is that government debt and money printing of the central planners is creating inflation. 33 trillion dollar+ in debt, 160 trillion + unfunded liabilities. The "compentence" of government is the issue. The spending of government is the issue. The bailouts of government is the issue. the wars of government is the issue. On every freaking topic, it's the elite central planners, trying to maintain control and power that is causing the problems.

[@SuperBennnnnnnnn]

Sadly no one on the youtube comment sections really care. They just want a place to complain about their situation. Gotta write your state legislators people if you want real change, yes I'm talking about everyone.

[@AnDongying]

I think this terrible problem would be better served if the government spent our taxpayers' money on America's construction and citizens.

[@lukefisherDD]

I recently sold a house in Portland, and I'm considering investing the proceeds in stocks. I know it's a wonderful time to buy, but is this the right moment? When will I fully recover? I'm honestly just perplexed at this point as to how other folks in the same market are making over $450,000 in gains in a matter of months.

[@MiaDavis001]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@JanAlston-kd6yl]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

[@MiaDavis001]

NYCOLE CHRISTINA VANNATA 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.

[@KevinEvans-mq4ob]

Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon

[@regularbloke4395]

bot thread

[@thattannerguy856]

I was always very diligent about saving and investing. In a very short period of time we had several unexpected major expenses including medical bills, having to replace our heater, a car accident, car vandalism (attempted theft), my wife lost her job. I had no choice but to sell 90% of all the stock I had, dip into savings, and sell one of our cars in order to avoid getting in to major debt or go into collections. It's definitely been stressful. Things are looking up, we've been able to save 3 months of expenses, my wife got a new job, and I'm starting a new job as well. I'll definitely always keep this in mind and save to the point where we have a year of expenses because you never know when things will happen, and it could be a lot of things back to back to back

[@mulletsquirrel]

Just imagine if you didn't have all of those investments and savings! It would have ruined you for years. Glad you're back on the upswing.

[@ed5308]

You managed your money to the best of your ability.

[@TheFourthWinchester]

Cars are money guzzlers.

[@AshleySpeaks4U]

If you own, don't forget you MUST save $500/month for maintenance. Have a home maintenance savings account. It's a MUST. You would have been able to pull out money for that heater.

[@mulletsquirrel]

@@AshleySpeaks4U did you miss the rest of the mishaps? Lol

[@sinisterintelligence3568]

Not to brag, but I avoided much of this problem in this video. I come from a working-class family. My mother was an accountant for the State of Florida. Before her untimely death in 2003, she taught me the value of saving money. My dad was an abusive Army veteran who couldn't really hold down a job and we were pretty poor. (I remembered going months in both the summer and winter with no lights.) Fast forward to now, I live in Tallahassee, Florida in an apartment where the rent is $450 (utilities and such included in the lease.) In addition, I pay $19 for a reduced bus pass (I'm disabled) and a $45 phone bill. That's about it. I kept my grocery budget pretty modest. (I'm single with no kids and I'm 30.) I work as a custodian here at Florida State University (FSU) full-time and pay is $15 an hour (with benefits). I'm very lucky and grateful to be in my situation. I can both spend money on my hobbies/travel while saving money for a rainy day.

[@Publius1000]

@sinisterintelligence3568 Your story touches my heart, please read this copy of my comment posted 09-14-23 There is a difference between “cost of living” and “cost of lifestyle”. I am a single person with a humble lifestyle, I enjoy the outdoors and access to most open spaces is FREE. I also enjoy, live theater, ballet and the opera, local small theaters cost less then big city theaters and the performers are my neighbors and friends. I value my free time and prefer investment income over wages. I rent a modest studio cottage. My income is about $30,000 per year, I have no credit card debt and over $10,000 in savings. So you see... sometimes being poor is just a frame of mind. Poverty is real for far to many, so please don't misunderstand my above statement... GOOD FINANCIAL COUNSELING IS VERY HELPFUL. There is difference between having a job and having money... with a job you can begin to build wealth. Start by paying off all your debts and then begin saving... AVOID IMPULSE PURCHASES, always think before you spend, “do I really need this”. Remember, that FUN is important for your well-being but does not have to be expensive. Be patient with yourself, YOU CAN DO IT! Signed Publius1000 No matter how scary life may be Isiah Taylor, you and I can find enjoyment for ourselves....... Have you ever read the work's of Edgar Allen Poe In the Public Domain and available for free as E-books or Audio-books at Project Gutenberg or LibriVox Consider these words from the song "Over At The Frankenstein Place" from "The Rocky Horror Picture Show" "There's a light..., in the darkness of everybody's life" kzbin.info/www/bejne/n2WqXpugm7KFarc

[@BillSchrader]

The fact that you’re single should help allot in the saving. Let me tell you having a girlfriend is not cheap, at all. And if you want to maintain what you have you better not be afraid to pony up some cash.

[@patricial.6758]

How are you getting an apartment which includes utilities all for $450?? Tallahassee is not that cheap.

[@budenify]

You are doing well and keep saving. Great employees are hard to find and there is a staffing shortage.

[@midniterose7193]

Section 8 housing​@@patricial.6758

[@jcst8l3]

First thing we have to do is teach high school and college students about debt, interest rates, retirement savings, compound interest I can say I started becoming financially literate in my mid 30s that is way too long and it cost me thousands

[@tmusa2002]

Many states require it in high school these days. And don’t you wonder how previous generations figured it out? Now with Google and YTube and they all play so stupid.

[@jpelite2110]

Schools don’t want to teach students about money.

[@chromegaman]

While increasing financial literacy is one aspect of this, it cannot be the sole approach to the issue. We need ways to address predatory debt systems that operate in the void of regulations, to reinforce fair labor pay practices to include the increased presence and acceptance of unions and union activities, and to rebuild stopgap and safety net programs that help people from turning a small financial stumble into a cascade of financial failure. These measures in addition to financial literacy advocacy will, at the very least, ensure some level of financial stability currently absent in our system, and may even reverse the ill fortunes of many people currently facing the multiple crises of job insecurity, eviction, and homelessness.

[@TheAwesomes2104]

I wish this was a problem of lack of education, but even the smartest kids still fall into debt because it's a necessary part of survival for most working people. You need a car to go to work, debt. You need a degree to make enough so you can afford a car, debt, you suffer a sudden expense, debt, you practically exist in the American medical system, debt. The only way to avoid debt is to be lucky enough to have the means to get everything you need in the first place.

[@tmusa2002]

@@TheAwesomes2104 You bring up a good point and we also need to address the irresponsible use of credit cards to buy want after want. Overindulgence is a very big problem and the role social media plays in people trying to compete with each other when most cannot afford the new car, designer clothes, or the fancy apartment.

[@bennygardner3122]

This video spent the first 10 minutes explaining why we can’t afford anything; then the last 2 giving solutions they spent the first 10 minutes explaining is unattainable for most people… solid analysis.

[@victorbeltran2808]

I want to congratulate all participants in this chat for sharing their personal experiences in such a respectful way and staying away from politics. These conversations make us stronger and help us find solutions ❤❤❤

[@joec5544g]

I agree until you broke the streak... Your condescending attitude, the idea that in some way your approval is important to anyone, tells us everything we need to know about your political ideology...... I've got some hunches about other ideologies you may have also and I'm probably correct...

[@victorbeltran2808]

@@joec5544g You are totally entitled to feel the way you feel. Thank you for venting your ideology

[@abdouDigitalDreamer]

Exactly. We have to get rid of capitalism. It’s going to a dead end.

[@joec5544g]

@@abdouDigitalDreamer Every country that has moved from capitalism has become an economic and social disaster... Every single one... Don't bring up Nordic countries, despite popular belief they are capitalist based... Be careful about what you wish for.

[@joec5544g]

@@victorbeltran2808 Again, thanks for your approval... You're weird.

[@petercha3387]

Thank you for your advice. I will surely take it into consideration as I’m facing my new frontier of homelessness. Budget and pay off more from the resources I don’t have. Got it.

[@MarvishaN]

No matter how much some of us work, we may never be comfortable. How can we be? This government has made life more difficult for its residents. We have seen increases across the board for rent, food and utilities. They are at least twice as high as a year and a half ago. The less haves are bearing the brunt of the burden even more. I'm more concerned that the rising inflation may lead my entire $786k retirement portfolio to lose value. Where else could we put our cash for gains?

[@josephbush]

Well, because it's become more difficult to build a solid financial portfolio since COVID, I advise you to create a diversification plan. My coworker advised me to consult an advisor. I did, and thanks to my advisor's guidance during this market meltdown, I have actually profited almost $926K. Despite the ups and downs, she employs defensive tactics to safeguard my portfolio and generate profits.

[@josephbush]

@albatkobe Sure. There are a lot of independent advisors you might look into. But I only work with HEATHER LEE LARIONI and we have been working together for nearly four years. She has since provided entry and exit points on the securities I concentrate on. She's well-grounded and known, shouldn't be a hassle finding her page.

[@Icantthinkofaname-qk3fs]

Lets see of course stocks but I don't see many people talking about bonds bonds are basically a loan you can get a bond from a company and what happens is every year you get a percentage of the money you gave them until the bond matures then you get the money you loaned them back as well great way to double your money BUT if the company goes under they will stop paying and you will lose the money you loaned them

[@eliflynn7282]

If you're comfortable you're not going to work as hard, or as long. They know that. That's why they've made people desperate.

[@Mummie560]

lol these bots

[@JosephMartin7226]

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?

[@ANDYPADOVA]

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.

[@michaellaw321]

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.

[@theTeslaking]

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

[@michaellaw321]

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

[@theTeslaking]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@Kangaroo-Flavored-Shoelaces]

What would happen if EVERY lower / middle class American citizen collectively decided to stop paying back credit and personal loan debt ? Everyone Deciding to ignore credit scores and stop caring where their score falls; everyone abruptly stop paying at once; I wonder how the economy would react to such an extreme yet unrealistic scenario. Can you imagine…

[@MrDylpickle27]

It would be an amazing black mirror episode

[@oldtwinsna8347]

The unsecured creditors would simply line up for more summary judgments, enabling them seize assets, including wage garnishments.

[@Cascade0038]

Oh the wonders if it really did happen… we can only imagine, sadly

[@conductor6577]

I love how everyone was blamed except for government and the organization that benefit from government. In case anyone wants a solution to this problem just look into the Federal Reserve balance sheet. Then have the Federal Reserve sell all of its ETF and stock holdings and destroy the earnings from the sale. Then break apart BlackRock because it’s a monopoly. Not only well inflation go away but rental prices well come down at the same time. If only we had real leadership in this country. Well at least we can blame the poor and the middle class because that always solves the problem!

[@firstlast8258]

You get what you vote for

[@Mark3nd]

Wages will decrease even more

[@matthill2957]

Bout time someone said it. The economy was going great until 2020 hit and they forcibly closed everything down. Our leadership is a joke.

[@knhcarpentryhomeimprovemen8946]

Don't forget the student loan scam

[@arnulfotrujillo5570]

@@firstlast8258not really because of corruption. Trump would still be president if they didn’t cheat in the last election

[@elenapopova3662]

Hello, I'm Brazilian and I work with the financial market. I follow you here on KZbin, because it's always good to acquire new knowledge.

[@graceocean8323]

Right now, things appear odd. The US dollar is becoming less valuable due to inflation, but it is becoming more valuable when compared to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is more secure. I'm concerned that rising inflation may cause my $420,000 in retirement savings to devalue. We don't have any other places to deposit our money.

[@trazzpalmer3199]

At the moment, my primary concern is finding ways to increase revenue while facing periods of quantitative easing, as I cannot afford to see my savings dwindle.

[@tampabayrodeo2474]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@tampabayrodeo2474]

I'm guided by "Salvatore Fortunato Sofia," who is widely recognised for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field. You can run a quick online search with her name if you care for supervision.

[@MattDouglas-hj9wh]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@michellekaiser-eo6lg]

I mean, I think figuring out housing that's not crippling is key. I don't know what you'd need to do to make that happen, but it's a completely different retirement if you can anticipate your housing costs for years to come.

[@Temporarily2ndbestss]

I make about 25k a year, definitely in the lower class. But I'm rather young. I hope I can turn that around.

[@danielquinn9817]

If you vote blue , you destroy capitalism , ensuring you never gain wealth in America .That’s your generations problem … understanding what you’re voting for . And the consequences . The blue are for socialism , under socialism you will always be poor . Sorry … vote red … doesn’t have to be trump , vote red if yoh like money .

[@Temporarily2ndbestss]

@@StudioCityCa I can

[@nusuralove4407]

@@Temporarily2ndbestssYes you can 🙌🏾 Best of Luck 🙏🏾

[@x.Magic.x]

@@Temporarily2ndbestssyou can do anything you put your mind to. I’m 23 and don’t even make that. But I believe in myself.

[@jdlang00]

Just work on trying to generate passive income. Time is your most valuable asset, especially since you are young. Don’t listen to the doubters

[@jeffersonholland9797]

I literally live paycheck to paycheck and I keep hearing from CEO's and other wealthy people that I make too much money and if I get a raise, every investor 's child will have to work like I do.

[@jaqueitch]

Stop complaining. You have every opportunity to reinvent yourself and position yourself to make a much higher salary. I am living proof of it.

[@franchescathomas371]

You are not everybody. There are factors involved.

[@jaqueitch]

@@franchescathomas371 I've done nothing remarkable and live quite well. I have no sympathy for those who are lazy, stupid, or just don't care.

[@Dafwog2013]

​@@jaqueitchnot all fall under those categories bro.

[@saadcringe]

there’s a better way forward brother, i promise

[@JohnZBaeZ]

Something happened during mid 1990s where all of a sudden bunch of regular size homes costing ~$300,000 ends up being over $1million dollars. That, I believe, caused instability. That and all states creating all equal minimum wage

[@jollyjack67]

There are 3 things the country could do which would drastically reduce costs for everyone: 1) public transportation instead of personal car ownership. 2) Increased urban density with lots of multifamily housing instead of isolated and financially unsustainable car dependent communities full of single family homes on their own lot. 3) Single payer health care instead of the current profit driven health care system. Unfortunately there is no political appetite for any of this because the people profiting from the current situation simply won't allow it.

[@randomguy7175]

Stopping regime change and unlimited war funding for Military Industrial Complex. US citizens get poor, but the nations that US wages war or sanctions suffer 1000 percent. US should stop exporting it's ideology. The world is very different

[@antilogism]

And the people wont allow it. Isolation is bliss. I'd trade the diseased ills of that high-density cage life? (hell?) with the sirens, screaming neighbors and chlorine for happy crickets, katydids and clean water any day.

[@la6136]

You just described how European countries are. Their systems are definitely better than America

[@antilogism]

@@la6136 Much of Europe is amazing but only if you're rich---very, very rich.

[@FORBIDCharlie1986]

You don't even need public transportation if the people who do urban planning for cities make it more walkable.

[@anduril2002]

Net worth is not the same thing as income, can we please teach people that?

[@nomad7540]

That million $ net worth in SF will be gone in a couple of years. Million $ income way different.

[@anduril2002]

@@nomad7540 keep in mind 750k of that worth is just their home value

[@anduril2002]

And 250k in SF isn't much to have in an 401/IRA

[@dy2_str33t_king]

The fact they think inflation is coming down is wild. Costs of goods and services is up 50-75% in most places, interest rates are through the roof, bills have doubled, and yet pay has increased 10-15% max in MOST areas......how does that balance out? Then they think if we just do a better job at budgeting we can improve our lives......no matter HOW i budget. $3300 doesn't cover $4500 in costs per month. $3300 used to cost me $3000 and that's with ALL my extras. So where does the extra money I need come from now? I already don't eat out anymore, don't go spend money on things I want, can't afford to pay extra on credit cards, house or car payments. Like, what do we do? I'm not selling a newer car to get a beater that might or might not run. Dependability costs money. Should I sell my house and get a smaller one? Can't cause interest rates have made that IMPOSSIBLE. So it's lose everything and file bankruptcy OR wages need to increase the massive jump in cost of living. Why should I lose my life and family over corporate greed? Unfair......

[@cindymartin6665]

Right. I am trying to figure out HOW the economy is doing well. 80% of Americans are struggling but some people are saying the economy is doing great,income is up,unemployment is low (yeah no sh!t ppl need 2,3 jobs to try to live) I must be slow or something because I can't figure out how we are doing better than ever.

[@AnnaDai1984]

Add to that the recent rate of inflation and how miserable most people are!! How do you see inflation?

[@plantsdogdogtortoise]

It’s crazy how accurate these numbers are to my life. I have started working 7 days a week to try and create more of a financial buffer. But I was shocked to find, putting that many hours in didn’t really put me that far ahead. It is extremely stressful and is ruining my life.

[@Nissehultan]

it’s really sad and i think in the next decade will become a reality for many in the west and rest of the world.

[@ademozdemir5643]

At 44 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and TODAY, fyi my emergency fund is also a done deal! by LVRCH CAPITAL lol, i didn't made

[@randinoel8918]

As someone that has grown up in a home making

[@Excalion88]

Same. I've never made more than $46,000 a year and I'm in an expensive West Coast city.

[@kevinmsft]

Why is the rent so expensive? I am very surprised to hear it's $2000 on average nationally... I live in Seattle so it's expensive but even Seattle you can get a comfortable place at $3000. One thing I feel is that America probably needs to go to the European route, the age of everyone having a big suburban house with white fence and two cars are gone. It's not sustaining itself. People need to live in apartments, row houses, townhouses, etc.

[@gphysco]

I’m trying for community collage and I love it. 300 for 3 credit hour and doing one class. I want to pursue in IT and I’m thinking of transiting into a university in Texas because living in Florida is just to expensive for myself.

[@rc.lifestylee9608]

Texas is expensive as well unfortunately

[@seedpunk]

At 44 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and TODAY, fyi my emergency fund is also a done deal! by LVRCH CAPITAL lol, i didn't made it myself

[@MichaelRobinson-lt6ee]

He's a lier there is no social security that keep any American out of poverty social security is poverty

[@Letmetellu4842]

I’m not even living paycheck to paycheck. I’m living paycheck to Monday.

[@joec5544g]

Maybe it's time to make some changes? How much of your issue is self made?

[@BossItUp911]

sounds like you're one of those poors

[@lionsofjudah8464]

God bless you

[@brittanyb5942]

Same 😩

[@BossItUp911]

@@brittanyb5942 don't be a silly poor. earn more.

[@oyedeporaphael-dn7ig]

For average American to survive,I think will all need to find alternative means, imagine working for 40yrs to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial worth.

[@josephvalentine-dk6mq]

Absolutely right,Money invested is much more better than money saved, when you invest, it gives you the opportunities to increase your financial worth.

[@alonsohernandez-nb5xq]

Exactly,The key to financial freedom and wealth is someone ability to convert earned income into massive profit to build generational wealth.

[@parkerrosemary-it4kr]

​@@alonsohernandez-nb5xqYou are right to be wealthy you have to trade, earn and live your life as you please, Don't say tomorrow when you can do it now. Don't continue watching others earn when you can.

[@idownadesanya-bw9px]

​@@alonsohernandez-nb5xqI'm with you the best way to build massive wealth for the next generation is to consistently invest in business and guard them grow

[@paulmary-zv9se]

​@@idownadesanya-bw9pxabsolutely right,many people are really ignorant of the massive income in investment and that has been the major reason limiting their trading.

[@GioAyala12]

These KZbin videos by CNBC are actually pretty good. Wish all their reporting was this good.