NEVER Do These 5 Things With Your Money!

[@WhiteBoardFinance]

EXCLUSIVE: Get 1-3 FREE Stocks valued up to $3500 On MooMoo ⮕ whiteboardfinance.com/go/moomoo

[@accountingliteracy872]

Five Nos: 1) Credit card interest 2) Lottery 3) Showing off your money! 4) Not investing in anything 5) Not investing more than you can lose

[@lindsayjohnston7465]

Roll up and use as straw

[@sustainablelife1st]

7) Don't marry a gold -digger

[@Nova_Needle]

5) *Investing more than you can lose Accidental double-negative there :)

[@donaldlyons17]

@@Nova_Needle Oops I don't understand is "investing" and "Losses" exclusive?

[@bazza2974]

Don't lend your money to people. It never comes back.

[@NickOloteo]

So true. I had to tell my girlfriend that

[@WhiteBoardFinance]

Friends and money are like oil and water

[@elbarto9458]

I was told at an early age. If a friend asks for money and you are in a position to help......give it to them! If you loan it you won’t see it back and you will loose the friendship and be miserable. If you can’t afford to give it away that’s ok and don’t.

[@baltics9740]

@@marko-whiteboardfinance8546 report the fake marko above for impersonating

[@bangladeshirealtor]

well....to clarify you can lend money as a business . i have done so for many real estate investors and it’s great short term passive income .

[@jokawildn]

I lost $5 once at a casino on a machine (someone told me it would be fun...??), I thought about how I could have bought 4 bean burritos from Taco Bell instead (at that time)...even to this day. It wasn't fun, not for me. One and done.

[@WhiteBoardFinance]

😂

[@elizabethperanio7493]

😂😂

[@kingjasko]

Are we the same person ahah

[@omestartamv6251]

How long ago was that? Let it go, girl...😅😅😅

[@jokawildn]

@@omestartamv6251 😩 the experience of disappointment is engrained already, i really thought it was going to be fun like hours at the arcade (yeah that long ago 😂)

[@annieraymond4673]

*No 1: Don't Only Hope On Government For Income,* *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,* *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.* *It's 100% Good To Have Different Ways To Gain Income* *Because Government have failed us so therefore let's try and survive*

[@firaschokri5128]

I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return

[@juankeith9355]

@Isaac Boettger Current the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich

[@ekinpesen8592]

she has helped me gain a lot from forex and crypto trading.

[@mattewli8508]

Wise words that's just the fact and also what is happening day by day

[@tonydale2520]

We get to see people remain poor due to ignorance and selfishness

[@hellohello7637]

1. Credit card interest 2. Lottery 3. Show off attracts wrong people 4. Not invest "THICCC" 5. More then you can loose (investing)

[@sorryiwin5055]

Your forgot Thiccc

[@WhiteBoardFinance]

@@sorryiwin5055 Thiccccc

[@MattyRox]

Thiccccccccccccccc

[@DocumentaryDoc]

Ty not enough time. lol

[@23695angel]

@@gregoryelgezy4339 ?🙄😲

[@JackDuffley]

If schools drilled opportunity cost in the same way they drilled parallelograms, I wonder how much less credit card debt we'd have.

[@CrunchyMom88]

But how will merchants make their profits, then?

[@Psalm_23]

We are debt slaves by birth. They don't want us to use the system. You don't arm your enemy

[@boodles07]

I 100% agree with this…I say it constantly.

[@CrunchyMom88]

@@marko-whiteboardfinance8546 lol No they won't! That's literally how merchants have been making money for centuries. Usury. Exploitation.

[@WhiteBoardFinance]

@@CrunchyMom88 You're talking to a scammer.

[@vincenzodavey6914]

I own a few investment properties and have flipped a dozen or so houses and made a decent living from doing so. When it comes to slots and casinos, I wouldn’t put $20 bucks in a slot to save my life, jokingly. Yet I’ll risk thousands on a flip. For me a residential flip is calculated risk and I am an old school bricks and mortar guy. Slots and casinos=throwing hard earned money away.

[@janhisss]

As a first gen Mexican-American, I appreciate your videos so much!! You make finances so easy to understand! Thank you Marko!

[@HyperCupcake88]

"What can you do for me?" The basis for a lot of adult relationships, I think.

[@WhiteBoardFinance]

With bad friends. Big red flag.

[@juri2001]

what is bad about that?

[@HyperCupcake88]

@@juri2001 I didn't say it was bad.

[@juri2001]

@@HyperCupcake88 no, but implied. you didn't say it is good either. So what is it? plz clarify...

[@HyperCupcake88]

@@juri2001 It's for you to decide if it's good or bad. I'm not having a good day so I don't wanna say something I might regret later.

[@andregayle]

I'm glad I came across this channel about 18 months ago. And I've gone back and seen older videos. I really appreciate the transparency in your insight and overall humanitarian perspective towards money making. Capitalism and Humanitarianism CAN coexist IF... we execute capitalism with conscientiousness. Thanks Marko.

[@WhiteBoardFinance]

thanks Andre :)

[@tallalibad8394]

Ayyyyy you got a sponsorship. Good for you!

[@WhiteBoardFinance]

Gotta pay the bills my friend :)

[@WhiteBoardFinance]

I prefer to work 15-20 hours a week, so probably not lol ;)

[@beastfromtheeast9318]

Don’t be like that meet Kevin guy by staying glued to cspan 24-7

[@williamgates2466]

Man I needed this channel bad. Thank you for sharing this information

[@SpiritWolf209]

I don't gamble often but when I do, I see it as entertainment money. It's a good time with chatting, drinking and chasing that high, while having a small chance of getting some of the funds back. But I always set a hard limit of what I'm willing to lose and never go above it.

[@FrontPageFinance]

#4 is affecting a lot of people. One of the worst things you can do with your money is waste time not having it work for you you and leave it in a savings account or another place where it won’t grow.

[@AndrewChedid]

@@marko-whiteboardfinance8546 scam^

[@TheGeorgeee13]

what if you want to have it there for easy access like a downpayment for home?

[@steviesevieria1868]

@@TheGeorgeee13 exactly

[@clauaome25]

I love the simplicity of your business.

[@MaMa-qh4dy]

Thanks for sharing the very cool term -- "stealth wealth"

[@macheifach]

I acutally buy lottery tickets, not because I'm convinced that I'll win but because it helps me to get over each week, it keeps the very last spark of hope alive, that I have partcipated in something, that could end my suffering, even if it's a vanishingly small chance.

[@angelalopez2003]

Dude! It's official, you are my favorite financial education channel! I became a widow in 2020 and EVERYTHING in this video applies! Whether you see this comment or not, thank you from the bottom of my broken heart.

[@lisemakoso3349]

Sorry to hear you lost your spouse 2 years ago. I understand where you’re coming from. May you find hope and strength to rise up again. The univers still has your back

[@vironx22]

I have a client that is elderly and just likes the thrill from it. They don't care if they win or lose. They just like the flashing lights, loud sounds, and rush of possibility winning. I will never understand them. Especially the one time they started with $25, got a big hit that made them go above $250, and then kept hitting till they left with nothing...

[@cybertaiga9534]

What I like about your videos is that it looks genuine and there is absolutely no flashy stuff.

[@israelmondragon6195]

“ that’s Thiccc with 3 C’a bro now that’s thiccc “ I’m dead words of a very wise men 😂

[@grantrasmussen3986]

He was like "That was stupid... Nah, that shiz was funny asf." 😂😂

[@jowens4160]

I’ve done ok on the credit cards I think. My wife quit her RN job to go to NP school, even with me picking up a ton of OT and side work we still ended up racking up about 9k in credit card debt, she passed her boards and as soon as our 3rd baby is here in July, she will be back to work and we will be able to knock our debt completely out.

[@connor3mm597]

You’re one of the most genuine people on KZbin !

[@jakeshiever]

The gambling thing can be a real problem. You win once and think it's going to happen all of the time. Someone close to me was on a hot streak for a week then lost 10k in one night and had to ask his kids for money. At least it was a good example of what not to do for the people around him I guess.

[@WhiteBoardFinance]

Yes gambling addiction is no joke if not treated

[@countespire6385]

I lived in Vegas for a short stint back in 2002. Best warning I ever got was from the cashier guy named Hector at the Bellagio. "If you play big, you lose big. If you play little, you lose little. Either way, you lose" When I go to Vegas now, I play only 1 casino. Spending your cash at that one spot (as long as you have their player's club card), you will get sent cheap/free hotel stays, car rentals, etc for future visits.

[@dragonblades46]

Best teacher I’ve had in my life

[@ryansuarez9483]

Thank you for this input on handling money. I have been studying finances, economics, realestate and stock trends etc... really trying to get educated to better my future. After making 80k in 10 months and being flat broke, I had to ask myself a very honest question, what is it I don't know about finances? I've been in what I call a pressure cooker of a hard lesson in life, declaring bankruptcy, selling my home of 18 years and renting an overpriced apartment, and not gaining any equity. This experience has made me appreciate what I had and has molded me into being fiscally conservative. Lowering my cost of living , Lowering debt to zero and planning to invest in assets. Thanks again for the reminder of how important it is to be wise with what we have been given.

[@davetong]

Fave, no nonsense channel

[@WJKJULIAN]

Great video, I put all my expenses on a credit card so I can get cash back but I make sure to pay my statement balance every month. That's how I make money off them.

[@michaelcurtis106]

Good information! Regarding item #2 (Lottery), I do participate in the lottery on occasion but only as part of a lottery pool at work which only happens about once or twice a year (and not at all since the start of the pandemic). My reason is that since a lot of my coworkers participate, I didn't want to be one of the few people left behind if the pool actually wins because I was too cheap to throw a few bucks into the pot. I usually buy a few more tickets on my own for the same lotteries as the group. Altogether, my lottery expenditure prior to the pandemic was only about $30/year give or take. (Note: the lottery pool only occurred when MegaMillions or PowerBall had very large jackpots).

[@SY-sp8uo]

For anyone reading this comment - in case anyone hasn’t told you yet today - you have the potential to be great, successful, and happy! Keep on going! I believe in you 🙌🏻

[@AdrianO.]

Please don't tell me what to do.... Kidding lol

[@tjm7699]

These comments are cringing

[@charlesormond964]

Marko, you're correct about slots. Short term, you can win (earn enough to pay for your expenses...break even) however, gain....NO

[@evanserickson]

Great video, as always! Love this channel!

[@matt_valentine]

3 C's! Hilarious. Glad you kept it in. Thank you for this essential information.

[@PhuckHue2]

A lot of dummies spent all their stimulus money on lottery tickets. They gave the money right back to them

[@bscanoe9221]

A honest answer to why play the slots... is fun. My mom loved playing. She knew she wouldn't win but she was handicap and wheelchair bound so it was a "hobby" she could have fun doing. She never spent more than she had to lose. But there is your answer.

[@heatherelroy9534]

I worked in casinos for about 10 years as a card dealer. Its not impossible to win a jackpot but they're not that often and I've seen people pump WAY more into a machine trying to hit that jackpot even though it wouldn't break them even. And you see those same people every day. It put me off gambling entirely. If I do go, it's usually a social occasion because a lot of my friends are dealers or former dealers, but I won't play more than $100. Once it's gone, its done.

[@YehspuhrTv]

I've met one person who os not flaunting his wealth but it's basically public knowledge. He joined us for a fishing trip. During the day I bought all (four) of us a soda each. He offered to pay for his soda several times during the day, it was quite clear that people have been treating him differently since hi is extremely wealthy.

[@tonyjohnston6082]

Marko, odds of winning the powerball...... go 600 miles into the Atlantic Ocean and begin lining quarters end to end across the United States for 600 miles into the Pacific Ocean..... pick the correct quarter.

[@gmontoy153a]

Do a video about 401Ks (break down which type should a person pick, what strategy, etc.)

[@23695angel]

Also 403(b)Roth and 457(b) Roth

[@ameymhaskar2087]

I don't know why, maybe its just the utter simplicity of this setup but I like videos made on this setup more than the ones made on the more sophisticated setup from your 2nd channel, and I obviously mean this from a viewing experience POV not content POV, your content is always great!!!!

[@WhiteBoardFinance]

Thank you sir!

[@therealaintfeelinyouyoufra9806]

"My eye really itches me (...). Ok, maybe I'll keep it in." That's what He said. Lol🤣🤣🤣🤣 I love it! Useful info AND comedy! Can't lose! 🥰

[@filthymcnasty2081]

Giggity lol

[@williscox6025]

Nice comment about slots! Not just based off probability .

[@Reaperman4711]

2:34 I used to feel this way about lotteries, but I've come to appreciate that the actual value of playing the lottery, is in mentally spending all the winnings for the entirety of however many days there are before the drawing. In that way it's providing solid entertainment value, compared to, say, a night at the movies. The lottery is not objectively wise, few entertainment options are, but in moderation(!), probably not 'never do that' levels of harmful either. I play it probably a couple times a year, when coworkers start talking about 'how big it's getting.' for only $10 I can join in, and pick out the color of the custom train I'd live on. 🤣

[@deadlee123]

I get it, but stay faithful regardless of monetization.... Crazy video freeze-frames + sponsor ads = turn off... I pay for KZbin premium for a reason

[@WhiteBoardFinance]

I get it, but work for free.

[@blairkinsman3477]

Casino ... one other point (aside from the beautiful properties, free nights stays, and free drinks that obviously the slot machines pay for) is the near miss emphasis programming ... the odds of winning are random, as posted ... the odds of seeing an outcome “close” to winning are massively disproportionate ... so literally u always feel like u are THIS CLOSE to financially correcting your life ... and that can be insatiable

[@rodrigosommers1]

Thank you for making this video. I liked how you talked about lottery because many people don't know very much about it but they still hope for a better opportunity in life.

[@aquagirl1222]

Once again, I always feel when I watch your videos that I am talking with my incredibly brilliant wall street friend! Thank you Marco for being my go to.

[@lebronj5491]

From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypto, Real Estates, who can guess the 3rd?

[@kathleenstoner.n7499]

Has to be stock trading!!! Made my first million investing in stock earlier this year as a newbie after I met an expert from a reputable firm... Retiring by next year with absolutely no fears!!

[@sakhalittle9206]

@@kathleenstoner.n7499 Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. Who is the broker you worked with please?

[@kathleenstoner.n7499]

@@sakhalittle9206 "SANDRA YVONNE WEBSTER", she was in the news when she revived Morgan Stanley & Co 2018. Look her up on the web to get more on her!

[@user-zl5gn5lg6]

A colleague said she put in 60k into her firm and she doubled it in months... Been meaning to check her out cos she has to be truly amazing to do that.

[@jakethompson8737]

Wow I know this pretty little lady. Met her once at a fundraiser in Dallas. Great speaker.

[@123hotdog111]

I have two childhood friends. We all grew up lower middle class. We are all three very successful in our own right. They continue to spend lotto money every single week. It makes them happy and cool for them but I just don't get it.

[@TonyCanones]

9:35 this why I love this channel!

[@mollyarbor563]

I have wanted to buy a lottery ticket since I turned 18 and was legally allowed to but I still just cant do it. Always end up buying a pen, or gum, or a coffee or something I can actually have instead, or just walking passed the bodega entirely. I'm glad someone understands!

[@danielbarrett3434]

Love your content bruh. Motivating!

[@AlbertVicol]

Love these whiteboards! I rarely comment, but this information is so critical to know!

[@WhiteBoardFinance]

Thank you!

[@AlbertVicol]

@@WhiteBoardFinance Want you to know, you make a difference in the world. That is worth way more than any money can buy! 🤗

[@ShimmyAkira]

Since following this page for 6 months I've saved 30k thank u so much for this education

[@davidSFL79]

Money goes where it’s treated best. That’s a a damn good quote!

[@ModestMillennial]

Sorry imma use that quote in my video 😜

[@WhiteBoardFinance]

This is a damn good finance channel! ;)

[@308sniper7]

Nice vid brother! Love the simplicity of your videos!

[@ljrockstar69]

I do credit cards with 0% interest and pay before term ends, that's the best case scenario to using credit cards.

[@melindajonathan8535]

Wealth is created by proper investment, I've been an investor an I can tell it changed my life for better. From what I've witnessed it all comes down to having a good financial expert to handle your investment

[@binagital5665]

His trade execution quality and profiting is well structured with great financial features.

[@jasonthomas269]

Good good content.

[@vincentbrown6818]

With the look of things else does it better than him, he is absolutely one of the best we got here KUDOS to you Romero.

[@abscottcoleman400]

Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.

[@katlinmicheal8121]

I've seen so many review about this man called Romero pieto who is he ?

[@WillyWooly]

Pro tip, occasionally ask friends and family to borrow money with no intent to take anything. They will forever think you are broke.

[@chrisscott1402]

I'm British and the lottery over here is like £2 or something. If anyone is spending 86 bucks a month on the lotto they have a serious gambling addiction.

[@Konuvis]

It's $1 or $2 here too so yeah :)

[@blairkinsman3477]

Stealth the wealth 💯💯💯

[@teem5945]

You're a great teacher Marko. Worth following.

[@site_is_down]

All in point and great content as always! We're lucky these pieces of advice are very accessible to our reach. Learned something new today - "Money goes to where it is treated best!"

[@robertg1556]

Another great video, as usual. Learning a lot. Nice Submariner by the way : )

[@WhiteBoardFinance]

Thanks again!

[@eliot5220]

What about financing furniture? That’s a good one to add to the list.

[@pialove3988]

Research who and what you spend your money on. Consumer reports and the internet all help you. I'm glad this video is here 🙂

[@ModestMillennial]

Credit cards are probably the worst of all! I was in debt couple years ago until I decided I had had enough with the interest rates and started working to better my life bu erasing the debt

[@wnlgirl]

My mother feels better when she goes to the casino lol she called a casino “ university” lol 😝🤣😁joking 🤪

[@virgnthermostat5928]

Marko, I've gone to the casino with my mother in law many times and I have never seen her lose. I don't play much at all so I just go with her and watch. She puts in only $40 and I've never seen her walk out with less than $150. I have no idea how she does it and all on slots.

[@troypowells2737]

If you here in 2021 and you haven't been into bitcoin trading already than you are late but its better late than never....

[@zackfred7512]

Buy and invest in bitcoin and other cryptocurrency today!!!!

[@pbyrunguys2765]

Crypto is the future, trading crypto has become a lucrative way of making money Stock are good too

[@forrest8831]

Stocks are good crypto is better

[@jademadison1328]

I wanted to trade crypto but I got confused by the fluctuation in price

[@paltcoindaily4390]

@@jademadison1328 That won't bother you if you trade with a professional like Kenneth Steve

[@LelandYarnell]

Before investing, do you recommend building up a fully funded emergency fund that is equal to 3 to 6 months of your living expenses. If so, where do you keep that money to make it easily accessible? I'd hate to have $8000 or so just sitting there not getting more than 1 or so percent interest. Thanks in advance! Recently new subscriber and love the professional and authentic content.

[@WhiteBoardFinance]

It should be somewhere liquid. The market is liquid but involves risk. A savings account loses purchasing power to inflation.

[@JMKrech]

Great financial advice Marko!

[@katiemason9727]

You are so smart! So happy I came across your channel.

[@WhiteBoardFinance]

thanks Katie

[@LoneWolf-ps3ki]

Classy as always. Quality material. No BS Respect ✊

[@william78583]

I play for the entertainment and fun but most people leave the casino long face and no smile but it’s also an addiction.

[@Mustus1]

I love Marko's sense of humor

[@peacefulrelaxation1996]

Excellent video Marco!

[@christiancatinguil4477]

Thank you for this, Marko. Learned a lot today.

[@allpro7cf257]

Thanks for this Marko! These are good tips, especially thinking money as a tool and where it is used best. That's a good mindset to have.

[@Omikoshi78]

$1000/year for lottery makes no sense from math perspective but its a heck of a bargain if you view it as a therapy bill.

[@jowlyworld]

glad you kept it in

[@lindsayjohnston7465]

Life budgeting should be taught in schools

[@ThatsNoiceDude]

Im about to turn 20 and im pretty sure i’ve been watching you since i was 18. I really appreciate your videos bro Keep it up !! 💪🏾

[@WhiteBoardFinance]

Ty that means a lot

[@TG-vk5uy]

Re the first point, the balance usually does not stay static, ie, the $2000 balance in your example will most likely grow. So paying the minimum amount will take an eternity to pay off. I don’t think SimpliSafe is good for households with pets.

[@13WICKER]

My mother in law once made a remark about being cheap for not playing the lottery. Joke's on her lol

[@ramseyfeliz9859]

I am watching your videos and I appreciate you are doing this and educating about wealth I am still pretty young but I will use this information for the best thanks 😀

[@site_is_down]

Maximize what you have learned and apply it to your better future. Investing knows no age so you might as well start building a better financial future for your life. See you around!

[@jacksluder397]

Very good presentation 👍

[@leanhnguyet71]

" A dollar saved is a dollar earned !. " The number of works you have to do depends on the number of money you're spending ....,

[@MightyQuinnj]

13:07 A fool and his money are quickly parted, is what you meant to say.

[@cluebin8398]

#4 is gambling, plain and simple. #5 is an admission that #4 is gambling. I've tried #4 several times and lost money every single time. I would recommend #6: invest in yourself. Don't gamble on someone else's dream, gamble on your own!

[@rosannevlahos6239]

The thiccc joke was funny lol. Glad u kept it in.

[@rightwingsafetysquad9872]

Slots are tricky business. There's the high rate of "near misses" such as getting 4 Lucky 7s multiple times in a row getting you thinking it's just a matter of time before you get all five. There's the different payout rates. Most casinos have a small handful of slot machines programmed to payout net positive amounts and the hunt for those ones keeps people dumping money into the losers. But for most people it's "Oooh flashy lights and pretty colors."

[@keithsimon3667]

great presentation!

[@ddhrsa]

Good stuff

[@CobraCommanderX]

@9:43 "probably going to edit that out, nah gonna leave it in" hahah

[@dapperbowtique2696]

Solid information as usual. Thanks!

[@flippingWebsites]

hey man, thanks for all these videos!

[@navsan9211]

Thank you so much for putting up these videos. Very informative and helpful; laymanized.

[@WhiteBoardFinance]

You're very welcome!

[@navsan9211]

@@WhiteBoardFinance I wonder if you can give your recommendations on the Top 2-3 brokerages for starting investors like me. Robinhood would have been my choice, but I learned it only caters to the U.S. Many wonderful thanks!

[@navsan9211]

From exploring more of your links, I had learned about M1 Finance. It looks like I have just found a gem. I am so pumped up. Gratitude and appreciation to you.🙏🏻. God bless you and your family!