These Alarming Financial Statistics Of The Average Person Will Surprise You

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Financial Recap

Күн бұрын

Пікірлер: 66

@dancerjim 2 ай бұрын

Well done. Financial literacy should be talk in grade school through high school. It’s a life skill.

@robertwalker5521 2 ай бұрын

... taught

@jonathankay9957 Ай бұрын

Government doesn't want informed citizens. If the average person knew how money really works there how could the government pass laws like the CARES act?

@dancerjim Ай бұрын

@@jonathankay9957 unfortunately that is true

@downtoearth1950 Ай бұрын

My parents gave me a basic grounding concerning finance budgeting and assets but more at school would have been good

@dancerjim Ай бұрын

@@downtoearth1950 one suggestion that I found very helpful. Track your net worth monthly. Very powerful. For those who don’t know, net worth = assets minus debts.

@bomberoretired9197 2 ай бұрын

Lifestyle creep, lack of financial literacy and lack of spending discipline (budgeting) are key contributors to financial stress.

@neilcook1652 2 ай бұрын

I love regularly reminding myself of the basics of finance, nothing new for me here, but reinforcing good practice is never time wasted in my view, THANK YOU… (you need to remember medical debt is an American challenge, many in Europe and UK don’t have to worry about this, thank you NHS)

@marvelv212 Ай бұрын

My property tax in South Korea is .006% I only pay $100 a year. Home Insurance is less than $20 a month. You Americans have it awful. Too much taxes and high insurance rates. I get free healthcare from my job. my full coverage car insurance is less than $600 a year. My work provides me with over $1000 a year on groceries.

@edhcb9359 Ай бұрын

Yes, but you still live in South Korea. 😂

@marvelv212 Ай бұрын

@@edhcb9359 Where you live? US? How's your mass murders and drug epidemic going?

@marvelv212 Ай бұрын

@@edhcb9359 Korea is better than your country

@marvelv212 Ай бұрын

@@edhcb9359 us of terror nation of gutter 😂

@marvelv212 Ай бұрын

@@edhcb9359 US is a zoo compared to Korea.

@PeterVanDeMotter Ай бұрын

True, Interest, Taxes, Insurance and Principal may be affordable, but any longtime owner can tell you there is constant upkeep.

@floydestelle6242 Ай бұрын

Control your spending! You don't need 35% of things you buy! Decide if it is a NEED or WANT?

@andrewsnyder9262 Ай бұрын

You know this advice goes against chasing more and living the American dream. If you cut down to just maintenance of your existence, you will not have any joy nor drive to be better. There has to reward for working hard and chasing goals. Otherwise there is no point. You can just quit society if you want to eat noodles and tuna in a shack and ride a bike everywhere.

@Seventeen_Syllables Ай бұрын

Remember when kids were encouraged to get some sort of job like mowing lawns or getting a paper route? That practice seems to have gone out of fashion, and this is a shame. Even if they made little money they developed skills and disciplines that would serve them well to avoid most of these problems. As to homeownership, I recommend that you stop thinking of your home as an investment. Your home is where you live, not where you get money. Too many people treat their home like a piggy bank. Better approach (my opinion, not to be mistaken for advice) is to get the least house that meets your needs rather than the most house that the lender will finance for you. What you save in mortgage payments (and property axes) can go into investments that pay dividends or interest. If you need cash, take it from accumulated dividends and interest. Do not spend your capital. Easy? No, but doable.

@jeremytoney9367 12 күн бұрын

The moderator said that buying a house is an asset and most people treated that way. The fact of the matter is is they’ve been brainwashed to think their house is an asset. The fact of the matter is that my house is not an asset. It’s a money pit as opposed to an asset. It will not be an asset. It’s a liability because of what kind of place it is. It was what I could afford to buy, and I bought it out right so I own the building unfortunately that building is not worth anything in this day so the 500. I spent on it for years ago not at this point Your house is not an asset. It’s a liability and if you insist that it is an asset then you’re gonna be sadly mistaken when you find out how much it actually is pulling money out of your pocket and that’s what a lot of people that I know who are a little bit older than me don’t seem to understand. They think their house is an asset and it’s not an asset because it pulls money out of your pocket. In fact, I just heard a couple of the people that I know who have told me that their houses their ass I’ve heard them complaining about their pick up and so I suggested they buy a couple assets and they gave me it’s not something we’re gonna do well that’s their choice. I feel bad for them but they’re gonna do what they’re gonna do and I’m gonna keep Investing.

@coilbiohazard Ай бұрын

Compared to the rest of the world, we're extremely wealthy. To just have reliable water and power is to be top 1%.

@leonhenry4861 Ай бұрын

Also if they wanted us to be wealthier stop taxing us on everything 😮

@PukeSkinwalker Ай бұрын

I strongly dislike this attitude.

@Kevinleehiltonjr Ай бұрын

@@PukeSkinwalker Because you have a more, more, more mindset. Meaning you will never be satisfied.

@PukeSkinwalker Ай бұрын

@@Kevinleehiltonjr you don't know me. Social media creates the worst form of tribalism. Stop thinking that you are even a part of your tribe. They don't care about you.

@Thesussysuscat Ай бұрын

I didn't hear many statistics that surprised me. Just Information. Video should have a different name.

@mrxiong2567 Ай бұрын

No worries. The government will take care of us

@AshKhan-v1y Ай бұрын

😊

@ANGELCRYPT0 Ай бұрын

Stack your Sats and XRP

@Carlos-ux7gv Ай бұрын

In my country, if you call yourself middle class, you are Top 10% or even Top 1%. The ones most people call them "poor" are the real middle class.

@SenorNavel Ай бұрын

Thank God for universal healthcare, I'll never go into medical debt over my health. 🥳

@1969bones69 Ай бұрын

You wont get timely quality health care either. Just saying.

@SenorNavel Ай бұрын

@@1969bones69You must come from the USA. 😂 Ignorance is bliss

@lberhold Ай бұрын

The majority of the population always has been poor. It's a combination of many variables. Adding to it, the USA is getting poorer (consuming more than it produces), so the pie is shrinking amd people are generally getting poorer.