Wealthy People Understand Money. If You Don't, Watch This

[@KenMcElroy]

If you are an accredited investor and would like to learn more about MC Companies investment opportunities, please follow this link: investwithmc.com/masonranch

[@onedropontv8863]

Mr. Ken Will you ever work with the little guys in the future like something similar to Amazon?

[@mikesummers9103]

Series 7 is ~$900 Series 65 is $175 Series 82 is $40 As of whenever I looked it up maybe 2 years ago or so.

[@wernerfoerster3666]

I wont watch or subscribe to a channel that allows comments to be a launch pad for scammers luring people to fake financial advisors ... Police your Channel!!

[@V.stones]

Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.

[@V.stones]

Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.

[@camela8445Mar]

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

[@camela8445Mar]

No doubt diversification cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

[@Sanchyfab]

Agreed, I've always delegated my excesses 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.

[@Sanchyfab]

Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

[@TJ-Stackin]

Assets feed you, liabilities bleed you

[@WTF-sh4is]

The skill is understanding liabilities disguised as assets….

[@daviddominguez7545]

That should be on a t-shirt 👌👍

[@Joeknowsball247]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@AaronTilt]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@Arnold-ic9jg]

This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

[@camille_ann3]

Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?

[@Arnold-ic9jg]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with “Judith Lynn Staufer” for years and highly recommend her. Look her up to see if she meets your criteria.

[@camille_ann3]

Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.

[@guzman9011]

Assets feed you, liabilities eat you -Robert Kyosaki

[@zhenshan456]

just reading rich add poor dad again.

[@Robert-fx3ng]

He is $1.2 billion in debt! Yes with a B, billion.

[@Michaelparker12]

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

[@DhanaPayar]

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

[@BridgetMiller-]

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

[@berniceburgos-]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@BridgetMiller-]

My CFA ’Stacy Lynn Staples’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Thompson-e7h]

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

[@jeffDwyer1]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[@CindyValenti]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@Jakepattison42]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@Derekhoffman312]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@Jakepattison42]

My CFA ’Annette Christine Conte ’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Jpoteete]

@@Jakepattison42 Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@dalihbt]

The US went into Bankruptcy protection in 1971, and have been in a state of restructuring since. The problem is we haven't negotiated with our creditors, we simply cranked everything up to a 10, shoved our debt down other countries throats. I guess that worked before, but there are MAJOR competitors to the USD now, and all that debt is coming back home, which is a BIG problem for increasing US inflation (Hyperinflation maybe)

[@AnetaMihaylova-d6f]

Exactly true

[@gabrielmartinez2455]

Stocks are BS too, because the companies dilute their shares all the time. When you dilute your outstanding shares, it is literally like printing money.

[@blipblop92]

Yes but over time it matters little. Just buy stock and hold.

[@jackgoldman1]

Money is gold and silver. Real estate is down from 1,000 ounces of gold for a new house in 1971 to 235 ounces of gold for a new house today, down about 80% in a massive depression. Housing is up from $20,000 for a new house in 1964 in IOUs to $500,000 for a new house in IOUs in 2024. Real estate is the beneficiary of currency debasement, dishonest measures. One million dollars bought 50 new houses in 1964, now buys 2 new houses, one in California. Ken, gold tells the truth, IOUs lie.

[@77Tadams]

I’m leaving all my money to my dogs and their dogs dogs. 🐕 😂

[@waynezw]

You should always have emergency cash for living cost of 3-6 months

[@geoms6263]

no

[@paulking2039]

And money to move, should it become necessary, no-one wants to find themselves homeless unexpectedly.

[@kerrihamilton0393]

Yes please: a show on inheritance!

[@HeleneScott-s2t]

This video is very informative, but it would be better if you talked about real money. Talk about Elizzarda; it's real money every day. What you're discussing doesn't seem as cool

[@gregoryboshko2820]

Only three things you can do with money: 1) Spend it. 2) Invest it. 3) Give it away.

[@fredwebster1091]

what if your house is a duplex that throws money at you every month? is that an asset?

[@johnnyb33good21]

Yes a duplex is an asset.

[@douglasthompson9482]

As a reasonably wealthy person….very simple. Buy quality, buy it once, don’t follow trends. Obtain intrinsic items only. Do opposite to everyone else….simple. Also use cash only, no debt, live below your means, fix your own car and personal home items. I live in Canada….no inheritance tax too. I have done very well working two jobs for 26 years and retired early….now my investments and pension is far more than I need. 😀

[@darlabutler7596]

Ken, appreciate your information. Can you help with all the NEW ways to finance with today's new real estate game, repost, tax leins, ect. Thanks

[@therealestake]

Ken nailed it on what will happen to these inherited Boomer homes. Cars, trips, clothes, shiny stuff... definitely not real assets.

[@TheDeyanator]

Yess do one on the wealth transfer.

[@TheDG836]

Our view on money comes from the adults in our lives. I give my small kids an allowance broken in $1 bills. They have 3 buckets and a wallet. X% goes to give away, X% to Invest, X% goes to reserves/savings, and finally X% goes to their wallet for them to spend. They know they can only spend what they have in their wallet and they save from that to get their larger wants. They don’t ask for things in stores, they look at prices and curve their wants or save for then or ask for opportunities to make money. It has worked well for us. They get excited to see their investments grow. Yeah… had to hold Mattel for a while to teach them to own the company and buy the Barbie from her returns.

[@rfink222]

" For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs."

[@bluestarcesium]

In the 1950’s to the 1970’s America had the only complete industrial infrastructure vertical integrated, and the industrial belt from Milwaukee to New York City produced everything. The WWII had destroyed Japanese industrial infrastructure and Germany infrastructure, while Britain was economically bankrupt from the war, and France had most of its industrial infrastructure taken by Germany. The re-tooling of Europe and Japan during the 1950’s and 1960’s made both of these areas more efficient and cheaper. This led to the restructuring of Detroit in 1982 by the Federal Government helping GM, Chrysler and Ford. Fifty percent of the workforce was eliminated in the auto manufacturing industry and vehicles went from six miles per gallon to eighteen miles per gallon. Now, everyone wants forty miles per gallon of gasoline or electric. The change to LED lights has cut cost of lighting and the development of solar panels for homes is going improve the efficiency of homes. What is the efficiency of the apartments you have, and are homes becoming more efficient than renting? How do you see an energy efficient home cost with solar panels or wind turbines with battery storage versus the standard house? Do you have solar panels on your apartments?

[@sonlanos]

that's a precious content .. big thanks kenny

[@jpablo7879]

Ken you are one of my go to guy. Read your books and I have to thank you for everything I learned. However I think the world is upset how the USA has treated the world in recent years...and not much regular US but corporate US. I have family down in Argentina, Uruguay, Portugal and Spain. They love the US to be here, not how our corporations treat them there. If that makes any sense.

[@chickengod9184]

I am admittedly in the top 5% and can tell you that it's not really what it is stacked up to be in the perceptions of a lot of people. I drive a toyota, eat healthy food and live in a nice house but it's not a castle. I spend about 25% of my monthly income on my cost of living expenses. It's really not how they make it look in the movies and on TV and people that try to live that way are going to end up broke if they aren't already. It will never make you feel better or happier just help you handle emergencies when they come up sometimes. That's all.

[@westganton]

Same boat, but beyond the stress that financial security has removed from my life, wealth isn’t good for much outside of funding causes that you believe in or helping other people out

[@charlesshannon7705]

Hard for me to understand the dollar rating in value if the demand lessens and brics demand increasing.

[@truthteller6743]

It's not how much you make. It's how much you keep.

[@rauln9796]

Thanks You!!

[@steveoh455]

You guys are the best, best show out there.

[@tedbarela7686]

Where is a good place to purchase gold?

[@4mcpete]

The point of BRICS is to remove the dollar as the currency of standard. What working class person can afford to buy let alone hold gold? What system of exchange other than the dollar do you recommend?

[@edwardedwards80]

I like the coin of the realm constitutional 90% silver dimes, quarters, halves, Mercury dimes.. 🎉🎉

[@petruflorintofoleanu5865]

Best time to buy real estate is after a FINANCIAL CRUSH

[@koltoncrane3099]

Most people don’t understand that money used to have the tenet that it’d preserve purchasing power. Then ya watch mikes channel and learn the difference between money and currency or fiat. The monetary system itself causes confusion. The euro dollar university channel claims that QE isn’t inflationary cause the velocity of currency is near zero trapped in the fed system between banks but others like mark moss argue there clearly a correlation between the feds balance sheet and the stock market. So even if it’s only psychological or the remarketed trickle down economics repackaged as the wealth effect some think that QE still has an effect. Then ya got Lacy hunt that has a paper that once debt to gdp is over like 80% or whatever every new dollar borrowed means the gdp growth is less than a dollar so it’s deflationary which may be the reason we have massive debt levels with inflation but there’s an overall deflationary force due to debt to GDP.

[@zeusbear4683]

I know of plenty of millionaires who declared bankruptcy. I've seen retired actors come out of hiding cuz they spent all their money. Rich people make mistakes too.

[@tomateeee33]

the thing is that paper in dollars is appreciating all over the world vs other currencies and with this amount risk on some investments in the market with a slowing economy investing gets lets attractive and more risker. So most people decide to wait, if the market is a reverse market then will be time to make money

[@shirleygriffin7672]

Excellent and thanks for sharing today. Sharing post immediately

[@Abwin87]

Use of BRICS increases supply of US dollars and lowers demand because less people will use it…wouldn’t that makes the dollar weaker

[@jamesspiva8086]

Euro dollar denominated loans cause a constant demand for dollars less trade in dollars will make supply drop

[@JWFitness1]

8:00 I disagree with George about the dollar over the long term. Yes, the supply of dollars will decrease, but so will the demand. BRICS will cover over 3 billion people who will NOT be using thr dollar.

[@jamesspiva8086]

George is looking at Dollar denominated loans in the euro market that causes a constant demand. If trade moves away from the dollar that's less dollars flowing out of the US to fund the payments. If people can't trade goods for dollars they will have to go to the FX markets and the hidden demand for dollars would go up.

[@lanab4103]

Teach your kids. Yah. Oooooookay. Nice theory. But my kid had his own ideas and they marry someone with even more different ideas.. and what the parents think is pretty much despised

[@dialecticalmonist3405]

Money = accounting It is NOTHING else.

[@donnybrasco6321]

Didn’t the “S” once stand for Singapore? Is it So. Africa now?

[@LindaWallace-o7q]

You're doing a fantastic job! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@abundantcapitalgroup]

Why is Warren Buffet is in cash now? Is he wrong?

[@MotoJB]

He's waiting for the crash and assets on sale...

[@anmolbrar1293]

the crash passed in 2020

[@MotoJB]

@@anmolbrar1293 LOL

[@rd9102]

Understanding money is NOT that difficult BUT most Americans would rather watch the Kardashians than understand the Dollar or finance. They would rather be entertained and complain about not having money/resources than they would study a topic and become intelligent about it.

[@diydarth]

Brics don’t have a chance of replacing the dollar. But I agree you shouldn’t hold more cash than simple spending money. Index funds are a great long term tool to own companies passively.

[@bryanjackson31]

Thanks you

[@robr307]

My house pays its own mortgage, and has land enough for business endeavors 😄

[@shashydhar]

Why would dollar be in short supply if BRICS stopped using dollar? As always US can continue printing dollar if it is in short supply...

[@therealashleycrouch]

Please do a show on inheritance!

[@Deaston54]

It’s stronger now. Look at the UUP

[@aarizphilip]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Miller for helping me achieve this

[@johneliss]

I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

[@ReuletRikki]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@masterotrunks]

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

[@jadewashington7]

I'm new at this, please how can I reach her?

[@Arlingtongeorge]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@Slide61]

Not one currency has survived - including those on the gold standard

[@yvonnehyatt8353]

Please study- Wealthfactory and The Rockefeller’s method thanks

[@timothywilson3253]

Damn it ! Ken was getting ready to say specificlly what those few things are until you know who ( numero uno sidekick) interupted aka caught the ball before Ken dropped it. I guess thats what makes them a power couple 🕵️ 🧐👀🥺

[@RaceMentally]

I just found out I’m the 2% er of the country that has a million liquid. Wow maybe I need to slow down and look at what I have. I always feel broke.

[@ivanangeli]

24:40 my ex told me a samrt thing "dedovina" (meaning what your grandfather owned) is not yours, it is your kid's. You role is to enlarge it and give it to them. Not to spend it.

[@MrBadGov]

Just keep riding that real estate bubble pal. This is pure shinola you're pushing.

[@michael_horsley]

Shirt sleeves to shirt sleeves in 3 generations

[@a1tonee]

I hope she’s in a great home not a greed 1

[@Tonehawkdawg]

She has a very nice shirt.

[@dalee580]

I heard may people with money are waiting with a boat load of cash or bonds in order to cash in on the real estate debt crisis.

[@benhamman2960]

The turo kid is definitely not doing the insurance on the cars correctly. Will pretty much guarantee it.

[@jonmurphy776]

And you shall say Lord …., and I shall say depart from me for I know you not 🎯

[@brandygonzalez9300]

If you could let the lady speak a little longer without interrupting, that would be great, with all due respect. Thank you..

[@Ring0--]

This is a commercial for NewBs.

[@Greg-n5r8o]

I read a comment from someone who bought NVDA shares in 2016 based on Cramer's advice, which underscores the value of information and insight. I believe AI is on the verge of a new phase, and I plan to invest my $260k savings to capitalize on substantial gains.

[@Resmith18S]

Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, AVGO, ANSS, and LRCX, my finacial advisor guidance was invaluable.

[@LeepinLeopard]

People often underestimate the importance of financial advisors. 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 $2 million portfolio, largely from early investments in AI and other growth stocks.

[@wealthychronicle-i1u]

I have cash in the bank that I want to invest in the stock market, but I'm worried about choosing the wrong stocks. Could you refer me to your financial advisor?

[@LeepinLeopard]

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "SONIA NUNES DEMELO for years and highly recommend her. Look her up to see if she meets your criteria.

[@LeepinLeopard]

There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with SONIA NUNES DEMELO for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

[@almostfamous791]

The average person is not taught money or finance...stop blaming the average person.

[@Growth_Stock_Life]

The woman seems slightly clueless

[@KoDeMondo]

The given FIAT définition IS WRONG

[@emills1417]

We dumped our dollars. CBDC will be comming online to replace to the dollar in Trumps next term. Gold, silver, and my favorite Real Estate!

[@michaelcraelius1082]

Did you not hear Trump say he will outlaw CBDC in the US?

[@henrymartin9168]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@BnazerriKhiid]

I'm 37 and have been looking for ways to be successful, please how??

[@henrymartin9168]

Sure, the investment-advisor that guides me is..

[@henrymartin9168]

Elizabeth stark

[@UkpeneBlessing-v9y]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@freddiearthur2151]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@TJ-Stackin]

It's a different time. Fiat vs Fiat , the US Dollar will never die, backed by the US military and the world's reserve currency..

[@dvp740]

US is being destroyed from inside. Military are not helpful.

[@ronlabe5487]

There was a time when the sun never set on the British flag. There will be a time, when they say that about the US. Nothing lasts forever.

[@TJ-Stackin]

@ronlabe5487 Doubt it

[@johnjoe_247]

Most people don't understand the unnecessary lip injections. I just don't get it 🙃😑😘

[@EternalRocks]

Stop bringing children (another conscious being) into this madness.

[@stevehansen7895]

Can’t keep your money if you waste it on lip filler and tacky shirts. 😂

[@lisachick8934]

It’s really difficult for me to take her seriously. The way she dresses is not professional and so when talking about something so important, I can’t help but think that she is not taking it as seriously as she should. No doubt men don’t mind. Lol.

[@m.2038]

I don’t have a lot of confidence in George Gammon…

[@jamesspiva8086]

Whether you draw the same conclusions from his info the fact that he expands his thought process and verbally processes all the info in his head is valuable and that is worth watchig

[@shoeshinepetey3495]

It's paper currency tied to oil 🛢 and security deal with Saudi Arabia.

[@mikesummers9103]

S= Spain in BRICS… Or at least it used to be, Edit: I must have been thinking of the S in PIGS Portugal Italy Greece Spain

[@louismartin1926]

It’s South Africa .

[@BroJo420Cafe]

S is South Africa

[@klime938]

Actually you can print realestate

[@Abwin87]

Use of BRICS increases supply of US dollars and lowers demand because less people will use it…wouldn’t that makes the dollar weaker

[@NutritionPolice]

Gammon is a master of overthinking things like this