How you can GET RICH during the recession!

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Your Rich BFF

Your Rich BFF

Күн бұрын

Пікірлер: 1 100
@NicholasBall130
@NicholasBall130 4 ай бұрын
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
@Wellerpage
@Wellerpage 4 ай бұрын
It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
@StacieBMui
@StacieBMui 4 ай бұрын
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@LiaStrings
@LiaStrings 4 ай бұрын
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
@StacieBMui
@StacieBMui 4 ай бұрын
Credits goes to "Sharon Lee Peoples" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
@lolitashaniel2342
@lolitashaniel2342 4 ай бұрын
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
@OfficialPotato1
@OfficialPotato1 2 жыл бұрын
"Poor people who don't invest" it's not that we don't, it's that we can't ....we are poor 😂.
@meid9158
@meid9158 2 жыл бұрын
@180pounds2lose same. She explains the basics of how to invest but I still don’t understand where or how to invest.
@miti342
@miti342 2 жыл бұрын
@@meid9158 this!! They never mention these important things. Like where??
@BBB-to4cc
@BBB-to4cc 2 жыл бұрын
You still don’t, she didn’t say that you choose not to she just stated the fact that poor people don’t invest
@OfficialPotato1
@OfficialPotato1 2 жыл бұрын
@@BBB-to4cc I didn't say that she said "choose not to" did I 😂.
@hardtogetnamehere
@hardtogetnamehere 2 жыл бұрын
We are not rich. But after the housing crash in 08, we borrowed 50k from our 401k to buy a lake house in cash. In California. Then in ‘18 we bought a small farm in California. The lake house now pays my mortgage. It’s possible.
@diamondunicorn2421
@diamondunicorn2421 2 жыл бұрын
Covid was an example of how the rich got richer. And the poor poorer.
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
Best comment
@hannahwillis9838
@hannahwillis9838 2 жыл бұрын
And they want to distract us from that by separating us on many levels. Why? Because unity breeds reform! Why can’t we see it!!
@patrickt49
@patrickt49 2 жыл бұрын
And the poor are still not adopting a mindset and behaviors conducive to creating wealth. They will keep justifying why they are where they are.
@lillyyourfriend4793
@lillyyourfriend4793 2 жыл бұрын
@@patrickt49 Imagine being this ignorant
@boutiquebitcoin809
@boutiquebitcoin809 2 жыл бұрын
I invested few shares in the covid vaccine
@artemisameretsu6905
@artemisameretsu6905 2 жыл бұрын
Man imagine living in a country where hard work won't get you a secure life but working hard to gamble that money on companies in the stock market MIGHT 😮‍💨 we're so fucked up
@patrickt49
@patrickt49 2 жыл бұрын
Investing and gambling aren't the same thing. You're mixing up investing with day trading. Investing requires careful planning. Day trading does not since all you're doing is just chasing stock performance.
@crazywolf9715
@crazywolf9715 2 жыл бұрын
@Jess Melgar yea it's just if you buy low, there's chances that that company you buying gonna collapse. So that equally gambling.
@patrickt49
@patrickt49 2 жыл бұрын
@LavenderElf There are ways to mitigate risks in investing. To start with, diversification is key. Otherwise, what are your choices? Your purchasing power will be eroded by inflation. That's not even in question. That's an absolute fact. Unless you plan on inheriting a large amount of money or winning the lottery, investing is all people have to weather any financial storms that may come their way. It's not a luxury, it's an essential.
@sarah2576
@sarah2576 2 жыл бұрын
She’s talking about low risk ETFs, index funds, mutual funds etc. prices are down during the recession
@patrickt49
@patrickt49 2 жыл бұрын
@LavenderElf So you're telling me that everyone in your family is not having money issues, that everyone in your family is living on a sizeable amount of savings and/or inherited a lot of money? If not, I hope for your family's sake that they all stay healthy and physically able bodied since nobody can predict what will happen in the future. Also, the market goes through cycles. When the market goes down, yes the value of stock drops but it's also at that point wherein wealth is created because stocks are selling at a discount, so if you bought more inevitably when the market bounces back the value of stocks you own in a mutual fund will go up as well. Keeping your money in a low interest savings account is a guaranteed loss against inflation. The money you currently have in your bank account will not be worth the same as it is now far into the future, which is why creating surplus is key. What you "risk" is far greater in loss from inflation as oppose to a little volatility that skews towards an upward trend in the long term with bumps in the economic cycle along the way. But this is normal. This is what historical data of the stock market has shown.
@v1626
@v1626 2 жыл бұрын
"If you want money just wait for other people to get catastrophically poor and capitalize on it"
@GoblinQueen2024
@GoblinQueen2024 2 жыл бұрын
Well, where else does that money come from? Unfortunately life isn't an equal share for everyone, as unfair as that is.
@Heidy4s88
@Heidy4s88 2 жыл бұрын
@Jess Melgar rich people aren’t good people. Will never understand monetizing over someone’s downfall, but that’s why I don’t see myself going after business. However this video does make a good point
@butchcoolidge2533
@butchcoolidge2533 2 жыл бұрын
​@Jess Melgar being middle class gives you safety and security, everything above that is overkill and hedonism. Selfishness isn't a good trait, and only looking after your own arse isn't a good look
@honor9458
@honor9458 2 жыл бұрын
yes exactly. problem?
@GuliversTravelocity
@GuliversTravelocity 2 жыл бұрын
@Jess Melgar It’s not about values it is how the system works. There is the leisure class then it is the working class. The working class work for the leisure class and has us convinced that we will one day be them all while building a system that maintains us needing to work for them…
@flumyxx
@flumyxx 2 жыл бұрын
So the advice is... You're poor because you're poor and if you weren't poor you wouldn't be poor... got it thanks.
@hugs4evry171
@hugs4evry171 2 жыл бұрын
Maybe listen instead of hearing what you want to hear
@patrickt49
@patrickt49 2 жыл бұрын
There are a lot of people who started out poor but made the decision to create wealth. The question you should ask yourself is are you willing to shift your mindset and behaviors?
@DB-xo6xh
@DB-xo6xh 2 жыл бұрын
If thats what you took away from all her words...then I won't be surprised if you stay brok your whole life. You can work hard to try and stretch you dollars and invest. Shit, if I can invest in candy at Costco in middle & high school and make a profit, & I can work hard to keep my food budget low by sticking to a list and meal prepping(which is investment within itself!👍) then as an adult, I can take what I saved and invest it to see money grow. There's so much free content out there to help. You just have to be willing to help yourself find those free resources.
@Smallbootyhoe3869
@Smallbootyhoe3869 2 жыл бұрын
What a reach
@FatemaFantom
@FatemaFantom 2 жыл бұрын
Capitalism fr fr, made so the working class remains the working class. All these clowns thinking there is an escape🤡🤡🤡
@coolsplooge4355
@coolsplooge4355 2 жыл бұрын
Essentially what’s she saying is “Buy The Dip”
@markstephens333
@markstephens333 Жыл бұрын
This guy gets it.
@vanessawatkins7482
@vanessawatkins7482 2 жыл бұрын
The best thing I did was buy my house during COVID. it's now worth 3x what I bought it for.
@phillipjones5794
@phillipjones5794 2 жыл бұрын
Hold on to it for a while. The housing market is about to go down too.
@rosehill9537
@rosehill9537 Жыл бұрын
​@@phillipjones5794 it's a long game. It will go back up. Realestate usually has a cycle a drop then a rise. We brought in the drop just got to weather the interest rate rises till we see the return on investment.
@phillipjones5794
@phillipjones5794 Жыл бұрын
@@rosehill9537 for sure. Thankfully, my wife and I are not in a position (financially or personally) to buy right now but probably will be when the market levels out. Fingers crossed it does when we are ready.
@rosehill9537
@rosehill9537 Жыл бұрын
@@phillipjones5794 fingers and toes crossed you u both!!
@qtlylikewoh2774
@qtlylikewoh2774 Жыл бұрын
Not for long
@TrulyMade
@TrulyMade 2 жыл бұрын
No wonder i become so calm when the world caught on fire. It makes so much sense to me now.
@DontUNVME
@DontUNVME 2 жыл бұрын
Are you a secret billionaire too. I was so rich my bills didnt know it
@xgenisejigglygirlx
@xgenisejigglygirlx 2 жыл бұрын
Girl we already got a second job, a side hustle and our baby daddys selling crack....it's still not enough 🤦‍♀️
@soulsearcher7077
@soulsearcher7077 2 жыл бұрын
omg not the babies daddies selling crack 💀💀
@cowboy2006
@cowboy2006 2 жыл бұрын
Bro you either have multiple kids or you’re lying
@xgenisejigglygirlx
@xgenisejigglygirlx 2 жыл бұрын
@@cowboy2006 not me, I'm a good christian girl
@ellaakiyama5670
@ellaakiyama5670 2 жыл бұрын
@@xgenisejigglygirlx LMFAOOOOOOO 🤣🤣🤣💀💀💀💀💀
@dligg413
@dligg413 2 жыл бұрын
😂😂😂😂
@samcresp5440
@samcresp5440 2 жыл бұрын
For more realistic advice that fellow poor folks and those who live paycheck to pay check; invest in a garden. Food prices are absolutely going bonkers right now, I know in my country, prices have gone up triple in the last two years and isn’t slowing down. You don’t need to invest in major amounts of equipment either. You can start seeds very cheaply, reuse kitchen scraps and save the seeds from your first harvest for years to come. The most expensive thing you’ll find is quality soil. You want to invest properly in that, but you can help cut costs by utilising making your own compost, learning cheap amendments and knowing what to look for. KZbin is an invaluable resource and you can cut fresh produce bills rapidly, and improve your health and well-being :) All in all, don’t get fooled by gambling with money you don’t have to get rich when you’re not rich to begin with. Self sufficiency is the one skill we are never taught in any educational institution unless you seek it, and it’s because once you’re able to support yourself, you’re too hard to be supported by the government and big companies who rely on us being tired, ignorant and slaves to convenience.
@renematisse
@renematisse 2 жыл бұрын
THIS
@michaelsnider2484
@michaelsnider2484 Жыл бұрын
Best Comment.
@EmilyJelassi
@EmilyJelassi 2 жыл бұрын
I’m horrifically terrible with maths and finances, so I’ll take all the help I can get!
@patrickt49
@patrickt49 2 жыл бұрын
It's not about math. It's about having the right mind set and behaviors.
@wing3789
@wing3789 2 жыл бұрын
Don't listen to the what's app account above, it's scam pretending to be her. Reported them just now. Learn the basics and it's easier than people might think. It just a marathon not a sprint. She's got actual good tips compared to some accounts I've seen. But it's the same formula. 1) invest in index funds because you'll out perform portfolio managers almost every time. 2) invest consistently, don't time the market. 3) watch out for lifestyle inflations. (Got a bonus? Got a raise? Don't go buy that new phone new TV first, put it into assets/aka things that can make you money) Lots of other things that can help reach financial independence earlier, but at least stick to these three rules and you should be more than fine
@kev2020
@kev2020 2 жыл бұрын
Here's a basic example for stock. What if a stock you have researched and want to buy is $350 per stock right now. This is the time that it might drop to $50. You can buy 7 shares of that stock while it is low. When the stock goes back up to $350 and higher, you have 7 of them instead of the single share that you would have had otherwise. This may be the same for crypto, real estate and other values dropping momentarily. Buy it while it is low if you can. Speak with a financial advisor and figure out your options based on your finances.
@TengenHasAFavoriteWife
@TengenHasAFavoriteWife 2 жыл бұрын
I mean, it's not all about stocks and stuff like that. It's smart to do it if you have the money to do it already, but someone like me, not right now. There's ways to get to the top with literally faith, perserverance, positivity, and intuitive critical thinking. Plus, you can't be obsessed about the money. I just care about being in a financially stable environment and have my daughter's future stable
@fafalina56
@fafalina56 2 жыл бұрын
Fine and dandy when you are young. When you're retired, and have already endured rebuilding assets after several crashes, we don't have the luxury of time.
@byoun..
@byoun.. 2 жыл бұрын
And when you’re young you don’t have the luxury of having an extra penny…… that’s the game
@patrickt49
@patrickt49 2 жыл бұрын
@@byoun.. You sock away what you can. If you're constantly going to justify not having money to invest even so much as $50 a month then you will never get anywhere.
@corbinbrier0
@corbinbrier0 2 жыл бұрын
@@patrickt49 Most people live paycheck to paycheck. A lot go hungry or skip on essentials just to make it to the next payday. What should they invest exactly?
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
That's the whole game
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
@@patrickt49 you're not in 1970 anymore
@mawayanokami
@mawayanokami 2 жыл бұрын
I like how she appreciates that while her advice is good, not everyone will be I'm a position to follow it still
@patrickt49
@patrickt49 2 жыл бұрын
It's not that. It's that most people won't change their behaviors long enough to adapt to a way of being that is conducive to creating wealth. If you can find $50 a month to invest, you will. But most people don't want to give up their weekly Starbucks in exchange for financial piece of mind, and then they justify the fact that they are poor to not change.
@phillipjones5794
@phillipjones5794 2 жыл бұрын
@@patrickt49 thank you. You just solved my whole life. If I just stop having Starbucks this month, I’ll be able to buy a house and pay off my debts and medical bills. Man. I wish I had known this sooner.
@butchcoolidge2533
@butchcoolidge2533 2 жыл бұрын
​@@patrickt49 I hate to break it to you, but poor people can't afford and generally don't buy starbucks, you're referring to middle class people. Believe it or not, having time for and buying Starbucks every day is actually a privilege!! Who knew right?
@MrBettylachula
@MrBettylachula 2 жыл бұрын
Most people are missing her point. We understand a lot of people live paycheck to paycheck, myself included. She’s trying to tell you that there is a way and you can cut back on other things if you really want to invest.
@sknone00
@sknone00 2 жыл бұрын
Do you have videos where you actually tell clueless people how they can invest, like I wanna invest but have no clue where to even think to start
@Hugelybased
@Hugelybased 2 жыл бұрын
I do Wealthfront. It’s a robo-investor. You just drop your money in and their algorithms invest it for you. Just throw some cash in there and forget about it. That’s what I do. It’s a long game though. Don’t be tempted to take it out when those numbers just start going up. Let it grow.
@arielrose6361
@arielrose6361 2 жыл бұрын
if the company you work for offers a 401k, do it. every time I switch jobs i invest or "rollover" that 401k money into an IRA investment account. the tricky part of making sure that money actually gets into the market and doesn't sit in bonds that will never grow. i found an advisor to do that for me for only a small percentage of my investment's dividends Edit: it's also worth mentioning that if your employer matches a certain percentage of your 401k contribution, you should definitely max it out; that's free money 🤑
@anotheruser7104
@anotheruser7104 2 жыл бұрын
Same. . Like I watch most of her videos but still don't know what to do lol
@SophiaCleans143
@SophiaCleans143 2 жыл бұрын
start with a robo-investor like acorns. from there, sign up for a fidelity account and put most everything into VOO
@jaheira107
@jaheira107 2 жыл бұрын
Graham Stephan has a finance youtube channel where he breaks down investing for beginners. Highly recommend.
@Boo-pv4hn
@Boo-pv4hn 2 жыл бұрын
The reality is a lot of people have 2nd jobs and side hustles just to get by day to day
@BTrain-is8ch
@BTrain-is8ch 2 жыл бұрын
The overwhelming majority of American workers do not have more than one job. It's literally under 5% of the workforce. When 95% of the workforce only has one job you're not talking about "a lot of people".
@PlusBones
@PlusBones Жыл бұрын
Why they got 2 shitty jobs for? They qualified to be anything else than a burger flipper?
@renjj9663
@renjj9663 2 жыл бұрын
That “somehow” is the key honey. A crucial key.
@WithLovefromNana
@WithLovefromNana 2 жыл бұрын
I’ve been putting 25$ a month into a Roth IRA. It’s not much but it’s what I can afford to put away and invest. Would love to see videos on the investment process. Actually putting the money to work has been harder than putting it away.
@evestar100
@evestar100 2 жыл бұрын
You are a smart cookie.😊
@vulpixelful
@vulpixelful Жыл бұрын
make sure it's going into an actual index fund and you're not just letting it sit in the cash holding account
@alisonf6478
@alisonf6478 Жыл бұрын
VOO or VTI
@mylamberfeeties875
@mylamberfeeties875 2 жыл бұрын
Invest in yourself. Do not give more money to the rich 🙄 invest in what will help you cut your financial costs. Like feeding yourself
@DontUNVME
@DontUNVME 2 жыл бұрын
So being poor sucks. Thank you i needed that lesson🙄
@the-birbo
@the-birbo 2 жыл бұрын
I'm investing in the idea that making my life about aquiring imaginary wealth isn't more important than doing things that improve my quality of life in a measurable way.
@kelceyd2762
@kelceyd2762 2 жыл бұрын
Omg. A lot of poor people are already working multiple jobs to make ends meet. 🙄
@jalapeno1119
@jalapeno1119 2 жыл бұрын
"In your life you're probably oy gonna see 3-5 economic downturns" Baby, I'm already on number 3.
@stevenroshni1228
@stevenroshni1228 Жыл бұрын
"major" economic downturns. 2020 does not count because the rebound was so quick. 2008 was the last major.
@21tyson55
@21tyson55 Жыл бұрын
@@stevenroshni1228 it….was… a joke….
@mystickage884
@mystickage884 Жыл бұрын
🤔 S.A.R.S. Swine flu, West Nile disease, 9-11, Anthrax scares, 2008 recession, 2015/2016 recession, Covid, massive Inflation of house prices, gas prices, school tuition went up food prices quadrupled, carbon tax is a joke, Invasion of Iraq, Russian war, soon to be 2023 recession.🤔 only 3-5 eh?
@tpk1412
@tpk1412 2 жыл бұрын
maam most of us already have 2 jobs and at least 1 side hustle 🤣😭
@osirusj275
@osirusj275 2 жыл бұрын
Then is it coz rent is too high? Can u save on food? Maybe upgrade your skill to get better job?
@boethia7367
@boethia7367 2 жыл бұрын
@@osirusj275 Cost money to get new skills and have you spent the food prices?
@osirusj275
@osirusj275 2 жыл бұрын
@@boethia7367 I don't live in America .. Skill upgrade I guess need money or not depends on your field... If ur a chef then u can watch utube to learn from others, if ur in nursing field then I guess no free skill upgrade
@tpk1412
@tpk1412 Жыл бұрын
@@osirusj275 just seen theres replies to this, to answer your question, it is a combination of things usually. rent cost is high, food cost is high, and because i had to quit school to start working and provide for my elders i dont have any skills to upgrade even if i could. so i am stuck at minimum wage or slightly above if lucky. i want to finish my schooling to get better pay but i would have to stop working to study because i am not smart. and so i would starve. there is also the problem of the job market. people in america can go to college for 10 years and still not get a job that matches their degree. i have known very smart people with masters degrees working in fast food because there is just no openings in their position available near them and they dont have the money to move. and because rent and food is so high they never save enough to move, plus going to school that long gives you hundreds of thousands of dollars in debt. i was homeless for a couple years and the amount of homeless people here with a smart mind and college degrees is mind blowing i already cut my food budget down to 50 per month. for context since youre not from america most "eat healthy but cheap" budgets i see online are around 150-200 per month
@osirusj275
@osirusj275 Жыл бұрын
@@tpk1412 Is there like gov subsidies in USA for the elders? Maybe u can try in the construction field, I heard they pay more coz are laborious..
@miyamccavera5916
@miyamccavera5916 2 жыл бұрын
My husband and I bought a house in 2020 at $145k, and sold it last month for $220k. We saw an opportunity and took it. Of course everything comes with a cost of some kind, ours is that we'll be living in a tiny home while saving up to build in a few years.
@pinkpigggs
@pinkpigggs Жыл бұрын
My husband and I are doing something similar. He bought and rehabbed an investment property years ago with three apartments. We are living in the small third floor apartment with little to no bills. One of the rented apartments covers the taxes/maintenance, and the other brings in a profit. Better to make some sacrifices and save now so we can build later.
@ChaosRyan3
@ChaosRyan3 2 жыл бұрын
"To make money, you need to invest. If you don't have the disposable income to invest, just get more money." Sound.
@gabrielleamato-bailey5276
@gabrielleamato-bailey5276 Жыл бұрын
I like that this video just admits that it’s only possible to be rich by ensuring that a bunch of other people stay poor. Capitalism.
@milfywaygalaxy5096
@milfywaygalaxy5096 2 жыл бұрын
Telling people who have no money and in a crisis to "invest" is like telling someone drowning "Just buy a boat! They are on sale today!"
@misspeaches1144
@misspeaches1144 2 жыл бұрын
Such a good analogy lol. This video is so tone deaf
@memejuliyamemepuchkova4882
@memejuliyamemepuchkova4882 2 жыл бұрын
She explained that investing is a privilege and that not everyone can do it because they’re struggling
@milfywaygalaxy5096
@milfywaygalaxy5096 2 жыл бұрын
@@memejuliyamemepuchkova4882 No she didn't she said "if you can somehow get into that pool of people who are investing then do it" She didn't mention anything about it being a privilege. She basically made a video just to say it is going to suck even more being poor and the rich are going to ride a wave of prosperity.
@k.n.o.c.k
@k.n.o.c.k 2 жыл бұрын
@@milfywaygalaxy5096 LOL poor people will find any excuse to complain, she did say it was a privilege.
@milfywaygalaxy5096
@milfywaygalaxy5096 2 жыл бұрын
@@k.n.o.c.k I'm not poor. I'm just not an blissfully ignorant person.
@babymarxist2287
@babymarxist2287 Жыл бұрын
For the working class, a recession is a crisis of overproduction, which leads to mass unemployment and strain on people's ability to survive. For the capitalist class, a recession is an investment opportunity.
@errinmonado6905
@errinmonado6905 2 жыл бұрын
I started investing $20 / week here and there and I've made $800 so far. Even if its $5 / week just start somewhere.
@hannahb.4770
@hannahb.4770 2 жыл бұрын
How do you start? I have the money I have no idea what to do with it and where to invest
@errinmonado6905
@errinmonado6905 2 жыл бұрын
@@hannahb.4770 I use the webull app
@evestar100
@evestar100 2 жыл бұрын
@@hannahb.4770 A Roth IRA.
@danceufo9256
@danceufo9256 Жыл бұрын
Investing without an education in investing is just another gamble. Even in an upturn you absolutely can pick the wrong things and lose money. Poor people can't afford that, so the solution is to study it until you understand enough to make a competent decision on what to invest in
@stonedkarina
@stonedkarina 2 жыл бұрын
Liking this video not for the content but for the mere fact that the comments passed the vibe check and will be coming back to them
@NikiLivi5
@NikiLivi5 Жыл бұрын
I like your personality! I’m gonna follow you. I’m poor and it takes my hubby’s 50 hours thru the week, his part time every Friday night from midnight to 8am and his DJ business along with my tiny disability check to make ends meet. I was blessed by my grands with a retirement fund.
@6686Andrea
@6686Andrea 2 жыл бұрын
This is how I feel but I'm living paycheck to paycheck
@lizibeff
@lizibeff Жыл бұрын
I can’t with this finance bro mindset man… life is for living and being with people you love not trying to constantly “win” at capitalism by exploiting working class people.
@catboy_official
@catboy_official Жыл бұрын
Exactly! Capitalists will always be leeches.
@amyk3020
@amyk3020 2 жыл бұрын
You are so right. I hope you are viewing audience listens to you. Being in real estate it's very interesting what's happening right now in the market, thank you for great content
@tropicalbreeze-hh3sh
@tropicalbreeze-hh3sh Жыл бұрын
Your awesome, thank God I found your channel you give some great advice. I have to admit most of what you provide I had no idea. Thank you
@XxFluffyxX
@XxFluffyxX 2 жыл бұрын
"Or the company you invest in will go bankrupt "
@inspiredbynatureinspiredby5586
@inspiredbynatureinspiredby5586 2 жыл бұрын
Answer: VOO at a Brokerage Firm in a Brokerage Account. *I'm not a financial adviser but this etf is the easiest.
@anotheruser7104
@anotheruser7104 2 жыл бұрын
@@inspiredbynatureinspiredby5586 what's a etf? Might sound stupid.. but fr
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
That part lol
@patrickt49
@patrickt49 2 жыл бұрын
It's called diversification for a reason. You don't invest in one company and then have all your money slump when it doesn't perform.
@butchcoolidge2533
@butchcoolidge2533 2 жыл бұрын
​@@patrickt49 in reality that's also a rich people only privilege. There's a reason why poor people don't invest. Because it's stupid and easily the fastest way to lose all your money. If there's not enough money for a safety net or for multiple investments, it's a bad idea
@dvnnyv6325
@dvnnyv6325 Жыл бұрын
I appreciate this content. Such more information in your videos. Keep doing what you do!
@Zubstep1315
@Zubstep1315 2 жыл бұрын
Thank you for helping prepare the common joe for the next depression. I do taxes for a living and getting educated clients to understand it’s about saving your money and not exactly making the biggest return on an investment is the key to surviving long enough to ride that wave back up.
@Zubstep1315
@Zubstep1315 2 жыл бұрын
@180pounds2lose Again it’s about saving what you have right now, not making an return. A lot of my clients speak the way you do and some of them have unnecessarily hemorrhaged money they couldn’t afford because they believed they were among the investing class, which are usually millionaires consistently grossing
@Zubstep1315
@Zubstep1315 2 жыл бұрын
@180pounds2lose I can’t legally suggest things to you but if it were my money I would invest in t bills or cd savings with a trusted bank, preferably not a big bank like chase or Wells Fargo.
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
Who can save money?
@TheCHAYIL
@TheCHAYIL Жыл бұрын
God bless you girl ❤. I’m a single mother and 50 years young but your posts encourage and challenge me to take action over my finances. Even though it’s one income I can still do something thanks again
@TwinCitiesFancy
@TwinCitiesFancy 2 жыл бұрын
Thank you for teaching us ways to be financially literate.
@ameliainva
@ameliainva 2 жыл бұрын
Preach!! Stocks are on sale right now! Do what you can!
@abcdefghijklabcdefghijkl
@abcdefghijklabcdefghijkl 2 жыл бұрын
And the only person's that can lose are the ones that don't count, the poor.
@jeannellecollins6767
@jeannellecollins6767 Жыл бұрын
❤❤❤Great information
@Myrathosghost
@Myrathosghost 2 жыл бұрын
Girl sitting here like I’m a rich BFF but doesn’t understand what it means to be poor just go help other rich people 🙄 you aren’t really helping anyone if you don’t actually understand their struggles
@yin-yi5189
@yin-yi5189 2 жыл бұрын
Why are you all so bitter jesus. She's trying to help you. Don't want help? Move on.
@nickeni3050
@nickeni3050 2 жыл бұрын
See, if you want to leave poverty or a middle class life you have to change how you see money and value. The biggest reason why poor people remain poor is their mentality, if your mentality remains the same then even if you're given 10million dollars in the next 5 yrs you'll be poor again, so quit making excuses and actually be willing to learn
@BooCreamy
@BooCreamy 2 жыл бұрын
She doesn't end up helping either... she's says invest... OK in what.?!. What if we have absolutely no knowledge on how to invest wisely.... that's where she needs to help.
@yin-yi5189
@yin-yi5189 2 жыл бұрын
@@BooCreamy It's a 1 minute video. She literally has a video titled 'how and what to invest in'?? You literally could've searched her name and 'how to invest' and tons of videos come up. Don't blame your laziness on others.
@BooCreamy
@BooCreamy 2 жыл бұрын
@@yin-yi5189 lol whatever you say
@sweethearts86
@sweethearts86 Жыл бұрын
I agree with this wholeheartedly!
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
I'm sure once the lords figure out what the surfs are up to, they'll make laws to keep them out. Like from game stop and the stock market.
@odorupompokorin2012
@odorupompokorin2012 Жыл бұрын
I did not know about investment and it’s an intimidating, incomprehensible concept for me. Saving was a more secure, straightforward way that I learned since childhood. I should’ve invested my money because in retrospect, even at current recessions, the stock had never dropped to that level. I could have doubled that savings.
@nikkiiellison5600
@nikkiiellison5600 2 жыл бұрын
What suggestions would you say to invest in if you can’t put thousands into investments?
@ChloeLayneXO
@ChloeLayneXO 2 жыл бұрын
I wish i had money to invest
@CR-wk2re
@CR-wk2re 2 жыл бұрын
How the rich get richer and the poor get poorer.
@RiverAndBrooke
@RiverAndBrooke Жыл бұрын
Never thought about it that way. Thank you
@AngelaSmith_1970
@AngelaSmith_1970 2 жыл бұрын
I’m facing eviction and I’m tired of getting no help even though we’re asking
@roachcoachn9077
@roachcoachn9077 2 жыл бұрын
Have you tried Catholic Charities? Or even local churches… I’m not sure how much funding is available at these places towards the end of the year tho. Good luck to you, I’ve been there and it SUCKS!
@CarpeDiezNutz
@CarpeDiezNutz 2 жыл бұрын
@180pounds2lose Hope is the fools errand
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
Get a shed house from lowes or an rv camper or tent. That's what everyone on disability or got evicted is doing right now because housing is so high but if you have a nice place to put it, it's not so bad. I wish you the best. I'm getting a shed in a few months. They come manufacturered and have stairs to another level. They're pretty nice.
@MisstressMourtisha
@MisstressMourtisha 2 жыл бұрын
About 300 a month.
@turningsenseintodollars
@turningsenseintodollars Жыл бұрын
Vivian, thank you for being our rich bff. I love your videos. So good! ❤
@Overcharge1
@Overcharge1 2 жыл бұрын
100$ rn in anything major is a huge return
@patrickt49
@patrickt49 2 жыл бұрын
Speak to a financial advisor. They will need to know the following from you 1. Why you are investing? (Need to have an end goal hear ie Need $2,000,000 for retirement). And all the details involved. 2. Your time horizon? 3. Your threshold for market volatility?
@riaruame6183
@riaruame6183 2 жыл бұрын
Solid advice if we can get some extra money right now! Grabbing some shifts, thank you!
@AnnelisR
@AnnelisR 2 жыл бұрын
Not even rich and I’m hella excited to invest during the recession.
@jesussalinas3947
@jesussalinas3947 Жыл бұрын
This is what I’m telling everyone right now. Love your content!
@QYXP
@QYXP 2 жыл бұрын
"hey if you don't want to be poor then just don't be poor anymore you dirty brokie" thanks lass, amazing advice
@ThePeteSandoval
@ThePeteSandoval 2 жыл бұрын
If you’re irritated with the advice it’s because this is her side hustle. Telling people the most obvious advise with no true know how that you can find on google and regurgitate in video format. “Poor? Have you tried not being poor?” My advise? Avoid these types of channels if at all possible ✌🏼
@tessslakimmo7750
@tessslakimmo7750 2 жыл бұрын
Me and my mom are working 3 jobs 7 days a week . We like to be hustling as much as possible. My Asian mom is 70 still she wants to work so much so she can leave us some money after she is gone . She always tells us it’s better to work and earn even if it’s cashier job than beg for money or steal from govt
@lorrainepaz4834
@lorrainepaz4834 2 жыл бұрын
I love your confidence and knowledge. I need to be taught about money. Thanks for teaching and for sharing.
@vivab479
@vivab479 2 жыл бұрын
Any investment ideas?
@lavenderstardust2544
@lavenderstardust2544 2 жыл бұрын
Yes, I need those
@Americansikkunt
@Americansikkunt 2 жыл бұрын
Invest in the stock market. Invest in gold. Invest in property.
@lavenderstardust2544
@lavenderstardust2544 2 жыл бұрын
@@Americansikkunt can you give me a breakdown of where to do so?
@StopThePrejudice
@StopThePrejudice 2 жыл бұрын
Take a portion of your salary each paycheck and invest in your retirement account, stock market, etc. you can easily start doing this with apps like robinhood or Acorns.
@Americansikkunt
@Americansikkunt 2 жыл бұрын
@@lavenderstardust2544 I’m really not an expert and I don’t have experience, but those 3 things are what most people invest in.
@haloplayeroflegend2515
@haloplayeroflegend2515 2 жыл бұрын
Question is, how and where do I find businesses to buy out, and who do I go to invest my money?
@sbombfitness
@sbombfitness 2 жыл бұрын
If you're not mentally or physically handicapped there's no reason you should be making less than like $36-40k in America. And if you're making that much and aren't living somewhere way too expensive for your budget, you can definitely cut some costs and start investing in yourself and in stocks, real estate, etc. Community college and KZbin are basically free so you have a whole world of knowledge to consume in order to improve yourself. And if you want an easy side hustle, find old men and women who need help with stuff at their house and just help them, you can make an extra few hundred dollars a month for no more than a few hours a week and you can invest that money. Final piece of advice: be grateful and be happy with less, so stop having Starbucks, stop eating out, buy an old but reliable car, live somewhere cheap but with good job opportunities, buy clothes infrequently and at cheap stores, visit a national park for free rather than spend money on a movie when you wanna have fun, and just be frugal overall while limiting consumption.
@KatieBeij
@KatieBeij Жыл бұрын
I really don't want to take advantage of these times. Being poor isn't my issue with recessions, it's the insane inequality. I'd rather stay with less money than be a part of the problem.
@Saturn_Ivory
@Saturn_Ivory 2 жыл бұрын
Second job or side hustle?!?! Funny how those of us that are doing are barely surviving… you work 7 days a week and tell me how you feel after
@Jmann2021
@Jmann2021 2 жыл бұрын
It’s doable I work construction. I work 13 days straight and one day off working in refinery’s. Not all year mind you but the overtime pay helps.
@stevenroshni1228
@stevenroshni1228 Жыл бұрын
Working hard is the mistake, open your mind to find a smarter way to get things done. Maybe you can adjust your work style to save an hour a day.
@ejones81
@ejones81 Жыл бұрын
Sis best advice ever! 6months later.
@Hz01422
@Hz01422 2 жыл бұрын
The keyword "somehow"💀
@nightskye15
@nightskye15 2 жыл бұрын
Thank you for the easy explanation bestie! Increasing my financial literacy is a new goal of mine
@sonrisefamilyfarm8572
@sonrisefamilyfarm8572 2 жыл бұрын
If it ever turns up again.... own nothing and be happy
@cerebrumexcrement
@cerebrumexcrement Жыл бұрын
i needed this like ten years ago.
@farmingthelife524
@farmingthelife524 2 жыл бұрын
Damn. Nice Delivery. Hello New Friend😍💕
@butterflygirl7254
@butterflygirl7254 2 жыл бұрын
I’m ok not being rich is it just me? Like I literally don’t need a house and gold jewelry. I don’t travel, I don’t have kids. I just need food and enough to pay for rent and I’m good
@Leelz247
@Leelz247 2 жыл бұрын
I don’t want to be a part of this cannibalistic system.
@MorningJoySC
@MorningJoySC Жыл бұрын
I’m ready to Learn!!
@CometianGoddess
@CometianGoddess 2 жыл бұрын
"If you can somehow get yourself"...hmmmm, Only Fans for feet pics? Street "Dates"? Bank robbery? Whadya think... Rich BFF?
@stuckbiscuit3796
@stuckbiscuit3796 2 жыл бұрын
But what should I invest in? What's safest? What if I lose money???
@SpiritualBabydoll
@SpiritualBabydoll 2 жыл бұрын
So let’s get that straight I’m a low income single mom I’m supposed to invest the money I make from working at a domestic violence shelter into stocks bonds and companies wow I didn’t I think of that lovely I would love to be able to do that
@bruceh4180
@bruceh4180 Жыл бұрын
How about selling plasma for several hundred dollars a month? You have to eat well, you get paid for sitting, and help people that need products made from it.
@tarynmaria_
@tarynmaria_ Жыл бұрын
Love your tips!
@karennewhouse2707
@karennewhouse2707 2 жыл бұрын
How much do you invest if you have very little. And what do you invest in?
@LucasFernandez-fk8se
@LucasFernandez-fk8se 2 жыл бұрын
S & P 500. It’s the 500 largest companies in the US and it has 8-15% annual returns on average. This year it was at like 26% due to bidenflation. It’s safer then investing in just a solo company and has huge dividends
@tulosabesjessi
@tulosabesjessi 2 жыл бұрын
what should one invest into?
@yourgirlfae
@yourgirlfae 2 жыл бұрын
“youre in grave danger and no one can save you, except me 😉 now let me take advantage of you and your views”
@yourgirlfae
@yourgirlfae 2 жыл бұрын
@@Pratik4311 if youre taking financial advice from a youtube short 🤭 GOOD LUCK 🍀
@xtonibx5770
@xtonibx5770 Жыл бұрын
​@@yourgirlfaeIt isn't just a "youtube short". She is obviously educated on finance if you've seen her other videos. She encourages us to listen to what she has said and to do our own research before taking her advice.
@yourgirlfae
@yourgirlfae Жыл бұрын
@@xtonibx5770 if you have to do your own research, then just do the research yourself self? like do it all yourself? she’s basically saying nothing at that point. anything that will tell you you will get rich is a SCAM anyways my friend. but whatever good luck to you wishing you fortunes!
@yourgirlfae
@yourgirlfae Жыл бұрын
@@xtonibx5770 the fact im even arguing with gibby rn i cant 🤭
@xtonibx5770
@xtonibx5770 Жыл бұрын
@@yourgirlfae Have you not seen any of her other videos? She is insanely financially literate and was a wall street trader and now she's a millionaire lol. She obviously knows about finance so why would she lie instead of actually sharing what she knows? Most people who are uneducated in finance don't even know where to start or what mistakes they're making when it comes to finance so she guides them. Shocker, right? I don't know how I made you upset because you're obviously pressed. If you're just going to be rude then there's no point in this conversation. I was trying to explain something and you assumed I was arguing with you so I guess you're bitter as hell 🤭 And it's not Gibby?
@atkpop4598
@atkpop4598 Жыл бұрын
she isn’t wrong. my family bought a house in the middle of the pandemic when everyone was fearful and we got it at the lowest price possible. always take opportunities!
@lilymulligan8180
@lilymulligan8180 2 жыл бұрын
"I don't want this to come off as tone deaf." Lmao too late, self-proclaimed "wall street girly" 💀
@yin-yi5189
@yin-yi5189 2 жыл бұрын
She isn't being tone-deaf. People in poverty spend money on luxury brands for special occasions, you know that? Unless you're part of the 'under class', you have some savings you can invest.
@lebunnie
@lebunnie 2 жыл бұрын
@@yin-yi5189 what? People in poverty or simply living paycheck to paycheck are going without food and ration essential medication like insulin. Do you know anyone in poverty? Bc they sure af ain't buying "luxury" brands for any occasion. They might INVEST in a better quality item every now and then, but those items get more than enough use and last longer than the cheap shit. (I'm thinking shit like work clothes+shoes. Idk what kind of items you think people are out here buying) also the official "poverty line" is so much lower than it should be. It hasn't kept up with inflation just like wages have not kept up with inflation. People at or below the official "poverty line" are NOT buying luxury anything because they literally can't even afford food, power, and medical care! I come from a place of privilege as well, I haven't had to go without food or power, (have had to go without medication recently, ITS HARD OUT HERE) so you AND wall street girly sound tone deaf.
@butchcoolidge2533
@butchcoolidge2533 2 жыл бұрын
​@@yin-yi5189 bestie you're talking about middle class people. No poor person is spending money they literally don't have on luxury brand stuff that costs more than they make in a year or more. You're blissfully removed from reality if you think folks who aren't rich but can afford some luxury brands are "poor". That's called upper middle class
@yin-yi5189
@yin-yi5189 2 жыл бұрын
@@butchcoolidge2533 It's not. I'm talking about people on benefits who work on supermarkets. As I said, I WAS there. None of my parents worked, hadn't attended uni, my father died when I was young and we were on benefits. We still had 'luxury' brand items, whether that's expensive perfume etc., and also spent excessively on takeout. Luxury brands don't exist for the rich. They exist for the poor who try to look rich. This is basic sociology 🤦‍♀️
@yin-yi5189
@yin-yi5189 2 жыл бұрын
@@butchcoolidge2533 Also luxury brands don't cost anywhere near more than someone makes in a year. Chanel products can be less than £50.
@shaolinqueen3684
@shaolinqueen3684 Жыл бұрын
Not only poor people can't invest because of their poor status, but poor people don't know how to invest, either they are too scared to get scammed, or they are reckless and put their money into scammers. Education is key with investing.
@seeseembo
@seeseembo 2 жыл бұрын
What do I invest in tho and how
@nataliearciniega2103
@nataliearciniega2103 2 жыл бұрын
S&P500 has been steadily increased for years! I don't know much but it's a stock invested in the top 500 US companies.
@Rita443
@Rita443 2 жыл бұрын
Could you make a video on investments you reccomend and how/where to access them?
@Naallaa
@Naallaa 2 жыл бұрын
Not poor doing good in life alhamdulilAllah. never invested before... where can one start?
@Waterbottlewithagun
@Waterbottlewithagun 2 жыл бұрын
Not with her lol go to someone local to talk to some financial advisors don’t go with anyone that’s commission based
@patrickt49
@patrickt49 2 жыл бұрын
@@Waterbottlewithagun "Don't go with anyone that's commission based" - This defies logic. So if you need to sell a house, you shouldn't hire a real estate agent because they're commission based?
@Waterbottlewithagun
@Waterbottlewithagun 2 жыл бұрын
@@patrickt49 i said nothing about real estate in investing its better to go with someone who is performance based so they have a reason to care about how your money does and does not push garbage to you
@fafalina56
@fafalina56 2 жыл бұрын
@@patrickt49 No need to. There are plenty of FSBO groups. There are also real estate attorneys that are flat fee based. We are selling a house FSBO and saving $33,600 by not having commissions involved, better in our pocket than a broker. Plus we got a better price by $260K than any broker threw out.
@salemmeanspeace8564
@salemmeanspeace8564 2 жыл бұрын
Any ideas on what and where to invest in??
@jackcrowley2640
@jackcrowley2640 2 жыл бұрын
OMG I LOOOOVE BEING A PARASITE
@ItsJusBre
@ItsJusBre Жыл бұрын
What should I invest in and how?
@travisbakes4624
@travisbakes4624 2 жыл бұрын
Could you imagine being this girl's husband
@julioRamirez-rm4po
@julioRamirez-rm4po Жыл бұрын
So what do you recommend me to invest on. What are your top 10 stocks.
@pizzadog1847
@pizzadog1847 2 жыл бұрын
I'm almost ready to make an only fans to pay off my credit card lol
@funnyvidstoday101
@funnyvidstoday101 Жыл бұрын
i understand ty for your help :)
@JulianneLove
@JulianneLove 2 жыл бұрын
This is NOT like any other time, I dont think any of the old ways to make it will work.
@ironsnowflake1076
@ironsnowflake1076 2 жыл бұрын
I agree, only so many opportunities to profiteer off of misery before the well of -tears- er..... *money* runs dry.
@theahopson8622
@theahopson8622 2 жыл бұрын
How much to invest if you live pay check to pay check? What stock is good to invest in?
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