12 Terrible Money & Investing Advice To Avoid

[@davidfolts5893]

This gentleman is one of the sharpest in the KZbin Financeverse.

[@Erikkurilla01]

Only daydreamers try to get an LLC without an adviser !!! It’s such a blessing that my husband and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what he lacks, he’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

[@jessicasquire]

You have done great for yourselves. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now. Especially getting a proficient advisor to work with because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours.

[@Lemariecooper]

That is so amazing, I’m trying to get LLC at 40. I wish at 55 I will be testifying to similar success with my partner.

[@Erikkurilla01]

The only way I was able to scale through all of this without stress was by working with a financial adviser. My adviser STEPHANIE KOPP MEEKS has always had my back all through the process of property investment and investing in general. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.

[@Lemariecooper]

Okay, Thx. I found her web page

[@michaelpiplani4573]

Great Hair, and excellent advice! Thanks!

[@Casey-summer]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[@Buffet-walton22]

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 a lot of wealth transfer in this downtime if you know where to look.

[@sloanmarriott5]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $31k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@louie-rose7]

​ *@shirleygarland4766* I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

[@sloanmarriott5]

Definitely! All of this happened in less than a year after Camille Alicia Garcia told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

[@louie-rose7]

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.

[@AllTheArtsy]

"Follow you passion" is so insidious because it sounds so good and common sensical. Like its twin "do what you love and you never have to work a day in your life" which is even worse. For one, you don't need to monetize all your hobbies and passion. When money comes into the equation, it can be a fast way through burnout. And if you are burnt out of the things and activities you love the most, what are you supposed to do to feed the well? Also, excuses like "do what you love" allows companies-- usually in the creative fields-- to exploit you because they know these are high-demand supposedly lucrative jobs. That's how you get fashion, photography, publishing and design "interns" who have worked there for like 3 years with no regular salary or benefits.

[@DawnNa_22]

Excellent advice! Number 4 really resonates with me as so many people around me (family, friends and SM) insist that a degree is useless. I can’t tell you how many times I’ve had to say that college isn’t a scam, paying for it yourself or majoring in something that statistically doesn’t pay well is.

[@Frank020]

Most degrees do not teach job skills sadly this is due to the historical progress of the institutions. People spend a few days in the career center and do your research before spending money you don't have on education.

[@CageFreeLowFatSugarFreeRange]

TAE AT IT AGAIN!! These videos are a great source of information to lean people towards the right path of thinking and a great refreshing for those to stay on course. TAE BACK AT IT AGAIN!!

[@coffeecyclist159]

Time Stamps! 0:15 - Follow your passion 1:01 - Money=more money 1:48 - You can't be rich with a 9-5 job 2:38 - College is outdated 3:30 - Student loans can be paid back easily with a degree 4:15 - Y.O.L.O. 4:52 - Budget rules 5:29 - Trust financial advisors 6:22 - This investment has no risk 7:20 - Seek funds that beat the market 8:25 - Buy the dip 9:28 - Buy (insert meme stock here)

[@nileshpatel7449]

Love your videos man. The only thing I have to call out is when you say people making $200000 a year equates to $20k a month, this is not factoring taxes at all. Take home pay is far from $20k

[@MacLaw3084]

yeah but he didn’t say take home. When a job lists the salary it’s gross income, not net.

[@korndawggy1801]

He said $250000. Everybody knows there's taxes. The two things that are guaranteed in life are death and taxes.

[@scottmcleod1470]

Yea, you do such a good job with your videos! I love that you get straight to the point and don’t add a bunch of filler. You earned sub!

[@ricardojmestre]

Fantastic advice and I the "trust the guy just because he has great hair" was hilarious 😁

[@TkevTV]

Good video, thank you very much. It's long due for someone to clean up all the horrible advice one can find online. So many fake gurus that are successful because they tell people about dreams and hope, leech onto that but don't do anything else.

[@JohnSkyLey]

Trades make a lot of money. HVAC techs make well over six figures. My friend owns an electrical company and is a millionaire. There is also real estate, sales, etc where you don’t need a formal college education. College is not for everyone

[@curdt79]

Nicely said. If you are bad with money when struggling becoming rich will usually only exacerbate the problem.

[@bpo6955]

Thanks, Tae! Always sound advice

[@mr.walker8700]

Thanks. All the best back!

[@kimmykero2421]

Now, you my friend, are simply so logical and amazing!! Thank you!

[@ErictheCleric1]

Love your content!! 🎉

[@nel2484]

Frankly, I only follow your videos because of your amazing hair... Hahaha!!! Really amazing contents you have here...

[@pukaman2000]

Student loans destroyed my life.

[@korndawggy1801]

Nobody said college was cheap.

[@Achievius]

Fantastic video -- thank you Tae! Huge fan of your channel

[@abarbar06]

Tae doing God's work spreading highly valuable financial education. Keep it up!

[@jswan312]

College was so important for me-not just for the potential to make money, but I learned things and had experiences that I still value to this day.

[@JOELVAT]

College even prepares you to have an educated conversation with anyone and almost any topic, which is so underrated.

[@kevinfestner6126]

I have had excellent performance history with the Schwab 1000 fund over their S&P 500 fund. You want to favor low cost funds, as costs will kill performance. You are correct about market timing. I did teach myself technical analysis, but it is more akin to soothsaying than fundamental fact. As I posted before, despite high grades in HS and a 1570 on the SAT, college was closed to me right out of highschool. To make something of my life, I enlisted. Since leaving the Army, I was able to use the bennies to obtain a Masters in Accounting by proving my GPA and college level work first in community college. While attending undergrad at an older age than I would have preferred, I was still a drilling reservist, having been deployed four time while completing my degrees. I still work bad, low paying jobs, despite a modicum of academic success. But, using my applied math background in undergrad, self teaching, I have built financial models and with decent luck, built some wealth, not open to those at my socio economic level. So, it is possible. I work around minimum or close to minimum wage earners who are now being economically murdered by this inflation - far worse than growing up in the inflationary and shortage 70s.I have had at least three co-workers who have gone to what I call working homeless, homeless while employed. I try to mentor them on simple, easy steps to try at least to build a buffer against these challenging times and hopefully to climb themselves out of the hole our self serving DC geniuses have dug for them to fall into.

[@dorissteve912]

There might be an economic turmoil but there is no doubt that this is still the best time to invest.

[@dorissteve912]

you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met FLORENCE YAGODA , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions

[@dorissteve912]

Search her name on the web you will see all you need to know about her.

[@A7480394]

That is amazing hair. Just discovered you...currently binging your content!

[@DustinOranchuk]

this guys hair is so amazingggg that he must be right!

[@julianp.2840]

New to the channel - new to trying to investing to ensure my family's financial future is safe - and as someone with not a lot of time - I really want to trust some random guy on youtube with really good hair lol. Great video.

[@alliejennings8733]

such helpful advice- thank you!

[@nicstevens6499]

Great advice... great channel... and thank you for your service to our country... Keep up the great content!

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@GaHeezyy]

Did you leave your money in TSP or roll it over? Should retire government in 17ish years at 48

[@TheManInBush]

you hair is pretty awesome tho

[@peterl2767]

Great content 👌

[@Eric-tb2je]

SOLID!

[@monodactyl3975]

Subbed. I particularly like how rules of thumb like spend x% on housing can be dangerous simplifications. That being said, what do you think the overarching principle should be when evaluating personal finance choices? While everyone’s personal goals and situations are different, is there something we can all agree we’re optimizing for?

[@nelocks3664]

For that, I’d check out Dave Ramsey’s baby steps. Although I don’t agree with Dave on some things, the building blocks of his advice is really solid.

[@cesarcharolet]

What are your thoughts on Fundrise for real estate investing vs a REIT?

[@roy.actual]

Having amazing hair never hurts.

[@willerwin3201]

Oh how I wish I had just done Schwab and index funds from the start and never put a penny into an investment firm. The benefits never justified the costs.

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@HansDroneLow]

"I will do today what others won't so I can live tomorrow how others can't"

[@DionTalkFinancialFreedom]

You lose me with the degree. I interact with over 20 financially free millionaires. One has a degree. One. Many people may reach millionaire status with a degree but never reach financial freedom. (Until after 65 and living extremely frugal with retirement accounts and so so security.)

[@jessfreaks1957]

Is there a multifactor ETF that pays a Lot in the long time without a Lot of risk?

[@MRkriegs]

wow a university ran a study that showed universities provide financial value. who woulda thunk that would be the result

[@sublyme2157]

In truth, your hair is amazing.

[@bcriz]

Where can I find good fee-based financial advisors?

[@lidattruong1105]

Buying the dip is fine as long as you're not also selling. If you're buying and holding long term, then buying the dip should be good as long as you're buying good companies and not expecting to get rich quick.

[@wineguy68]

I was just thinking “he has great hair” how does he do it?!

[@slmunney7760]

Good video. There is a lot of truth in it.

[@angelkhuu2154]

Advice/recommendations on finding hourly fee-only advisors?

[@DR-it9fm]

Dude, it’s impossible. I’ve been looking to talk to a local person (Bay Area, CA) and I can ONLY find people who want to manage an entire portfolio, or change $500/hour 😅

[@cobrafinancialsolutions1039]

Great video!

[@gvalleygrl2007]

Very good common sense for investment

[@alexandru5369]

Yeah I despise that " Follow your passion" nonsense Fact is, a job is a job as long as you can tolerate it you're fine. Follow your passions through hobbies as there's far less stress in that. Passion is why so many kids are in debt as they should've picked an actual career that was marketable/gone into trades instead of doing what they wanted

[@RedeemerBlood]

Really wish I found your channel a lot sooner.

[@ryandixon4494]

Advices is not a word. I repeat, advices is not a word.

[@deefor3lp]

hair game on point

[@fredswartley9778]

I think it's good to follow your passions rather simply taking a job based on the salary. I could make a lot more money, but I choose to work jobs that I enjoy. Enjoyment of the job is more important than money for me.

[@easyroc75]

I think a balance is good. There is no point following your passion if you are struggling to put food on the table.

[@IFearlessINinja]

Maybe you could be making twice as much for a job you would have learned to love anyways. It's hard to compare

[@LeoKapusta]

Thanks for this! Solid financial advice although I believe it's okay to follow your passions and/or interests. Doing so can help you begin a career or change course later on. After doing the technical work for a while, you can choose to advance to leadership positions.

[@jime875]

you forgot to mention the most important thing is that college can and often causes DEBT. it is what you are studying that can make a difference. in general college is a very poor idea really.

[@jonathangamble]

College 100% depends on what you study. There are too many wasteful majors.

[@MeltingRubberZ28]

He mentioned professions and even defined the major ones.

[@Oinnk]

Exactly.

[@coffeecyclist159]

Damn, these are excellent advice!

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@smartanajones4u]

Wow wow wow! I have to show this to my high school students especially #3 and 4 because they all believe this trap about school is useless

[@Lovelyone1]

I tell my sons to follow their natural skills/what comes easy to them…not passion.

[@5FingerTreePunch]

I presume, you mean 250k gross, that is much closer to 15k a month in the US after taxes. Still quite a bit of income a month though.

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@jsantan89]

Army?? I knew I liked you.

[@AFR0007]

amazing hair! haha

[@iank6897]

Tae Kim going full Asian dad in this one

[@linusgallitzin]

I wonder if Korean Admiral Yi Sun-sin's turtle ships would appreciate this channel. :)

[@mtgwdefender]

I love your videos. Thank you very much. But I think you speak a little to fast. I use your videos to educate my children and myself as well. But, while listening to the videos, we have to be rewinding them over and over again in other to understand clearly what you say. (constructive criticism)

[@myafrosheen]

Can't you adjust the speed on youtube to slow it down?

[@tab_nebraska235]

I, too, love this channel but have a hard time with the pace. I agree, viewers should try adjusting playback speed to .75%, which may be helpful as needed. Hey Tae, thanks for serving in the U.S. Army!

[@tien-datphan4589]

Should I trust you if I follow the 8th advice, it is a paradox :))

[@benfeld4058]

Buying the dip on a quality stock that is already undervalued and then dipping more is excellent financial advice, not terrible advice. Highly disagree with your view on that.

[@sachinbhadarge8239]

He was talking about buying a stock just because it has dipped in price.Doing so without checking the fundamentals is called "value trap" which is another reason we should not 'buy the dip.'

[@benfeld4058]

@@sachinbhadarge8239 That's just called gambling then if people are buying random stocks they don't know anything about.

[@BrokeAgain]

true people dismiss educations, who they going to see when they become sick? people who studied youtube?

[@danaso2567]

Your advice lacks luster, it's sane and commonsensical, you will not go far on YT, but we appreciate it and I think it will b of great help to a lot of us.

[@sincerelyASL]

book books book more recommendations pls!

[@jswan312]

I appreciate your advice and videos, thank you! 😊

[@Helena-ou8ry]

He really does have great hair

[@dc-wp8oc]

Observing these index funds, it seems that the dilution of stocks across a broad scope and range, does not produce the results of stable continuous growth. For example, while the portfolio may have some outstanding producers, the enormous number of lackluster stocks in the same portfolio, drags the total results down. While the overall decades long trend may be in the positive direction, the modest gains can be clearly wiped out with a catastrophic market dip and the government induced run-away inflation. So, what am I missing?

[@stevenblackthorne4790]

You are missing the key reasons why index funds are the rational way to invest. I suggest that you invest a few hours reading Jack Bogle, the founder of Vanguard, and the patron saint of indexing. Try his "Little Book of Common Sense Investing", for example. You are right that every index contains winners and losers. But, as Tae puts it, index funds are "self-cleansing". Successful companies stay in the index; unsuccessful companies fall out of the index. Think of the whole universe of actively managed funds. By definition, their average return must be the average of the entire market. This is simple math, not some imaginary Lake Woebegon world where "all of the children are above average". If you look at all of the actively managed funds, not only does probability require that exactly half of actively managed funds are above average, and half of them below average in any given year, if you study the funds that are above average this year, most of them will not be above average next year. Beyond that, calculate the cost of the fees. These fees drag down the average return of actively managed funds. Passive index funds have tiny fees, so you get to keep your money. Index funds also buy and hold. This minimizes taxes. Every time an actively managed fund sells an asset, you must pay tax on any gain. Actively managed funds constantly churn their holdings, so that they have to pay lots of taxes on gains. This costs you money. Seriously, read some Bogle. He's wise, and he writes well.

[@dc-wp8oc]

@@stevenblackthorne4790 "Self-cleansing"? Lagging losers may be eventually eliminated, but only to the degree that it does not jeopardize the definition of an "index" fund. A certain percentage of stocks have to be retained, despite their performance, to meet the definition of being an index fund. Meanwhile the markets are being manipulated as never before. The danger on the horizon is that these trillion-dollar funds, are now coercing the board rooms of many corporations across the globe. Take a look at ESG. Those companies who do not submit to the agendas of these major stakeholders, will find themselves ostracized and quarantined from the market. As for Bogle, many would like to end up where he began. Do you think Bogle utilized index funds to grow his mighty fortune or did he actively manage his portfolio?

[@mohsinmohammed6476]

I watch his videos cause he don’t have stupid thumbnail where people act shocked also his content is good

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@dingodingding]

10:09 lol

[@Frank020]

I think young people should have clear marriage guidance too. Marriage is like entering a business partnership. If you have mega kids you will be scewed. financial can also be screwed. So much more than just having sex x times a week. Look at the women who have a lot of divorces 😢 Or men who got taken to the cleaners. Now living under a bridge 😢 ☮️

[@pavel.pavlov]

1. Buy a house

[@yeahdude1986]

Need him to record a video while getting a haircut.

[@davidbrooks8809]

Do you like ETF's??

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@Yensen2020]

Subscribe! Thank you for your service

[@princevashishth9831]

No 3 is total rubbish

[@crpto497]

HELLO, don't forget to write me directly for more useful information ℹ️ and recommendations..

[@Oinnk]

Mmmm but college is outdated when it comes to certain majors such as business administration. They usually use books that are over 10yrs old and feed it to the students as if it were how todays society operates.

[@Westerdahl]

2:20 sure, but most of them are also old and near death, so they cant enjoy their money.