They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

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

Amber Dawn Brummit is the licensed fiduciary I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.

Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Carol Vivian Constable‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@@tatianastarcic that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.

@@richardhudson1243 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.

Who has the census count about every business? Many numbers are wrong without a proper Census Count on businesses and Money.

I did cash hack just some days back and I got paid $20,000 in just some hours

Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.

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.

@@joesphcu8975 Hi Mate, please how can i reach this CFA of yours?

I personally work with ''EILEEN RUTH SPARKS'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

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

the condo in an affluent area is an asset. and when purchasing houses, location is #1 in that house’s appreciation, so I don’t think that was a wrong move… she owes the bank a mortgage sure, but at the end of the day if she sells the condo she’ll get that money back

@@jinyao7655 thats true. She also cop habits she said, so her costs are shared. So what is she whining about? Is she just a friend of the producer and wanted to be on UKposts?

I think you're confused. She didn't buy a car and a condo after accumulating $240k in debt. Her car loan($10k), mortgage ($182k), and student debt ($50k) make up that $240k of debt she has. She drives a Subaru Outback. Hardly a gas guzzler. I can't understand why you criticize her choice to live in an "affluent area" because her mortgage seems to indicate that it isn't a particularly affluent area. She chose to be a sociologist which almost guarantees financial struggle, and some of her thoughts about fiscal responsibility were downright childish. That said, your argument doesn't hold water one bit.

She got a masters degree for social work, and is wondering why she has debt.....

@@charlesberkeley6429 at the end of the day, she'll be perfectly fine as the asset appreciates. But, we are supposed to feel bad, and bail her out, because she has debt. They treat all debt as bad, and now, we are going to wipe the debt of people who are actually the most educated and affluent....

"Everyone" doesn't own the house. Their bank does. They'll get evicted eventually.

What do you do? My husband and I paid 60k in student loans and bought a house in cash in 4 years plus buying other stuff. I drive a truck. It's not for everyone, but you can live in the the truck and pay no bills and save a ton. By your 2nd year, you can make 100k. It's not the easiest life, but it pays well. Some states will even put you through training for free or you can learn through a trucking company, but you'll be in contract with them for about a year.

I think you did it right. Same here. Adding more debt is just throwing $ away & adding stress. I paid down almost all b4 buying a house. Lower stress and less wasted $. Also I could afford more house w/o the extra debt.

Spending billions of dollar to protect Ukrainians and Taiwanese are more important than average Americans. Hee hee hee hee hee hee 😁😁😁😁

@@RyuuOujiXS Facts

Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming

People don’t realize how bad the American economy is… it’s going to implode and collapse. Oil is looking like the previous major run up and probably peaking at 140-150

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

@@checkforme234 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@@stephaniestella213 You can easily look her up, she has years of financial market experience.

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones

It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@@esther.74 Please can you leave the info of your investment advisor here? I’m in dire need for one.

Stack PM’s, in order to keep from being sheared like a sheeple! 😄

The globalist sold out Americans now we're in decline it's been happening for many years.

Wages have not kept up with annual inflation, it's said minimum wage should actually be $22 up to $26 an hour

I hate the term debt slave. Unless a gun is to your head and you have no choice, you’re no slave.

@@DeeDee-io6dy True.

The sad truth is a lot of people just like her are struggling through no fault of their own. We are suffering and have no idea where their next meal is coming from. I have no idea how we will get through this.

That debt better include her mortgage. Otherwise this is the problem with these joke degrees like a masters in social work.

It is ok, she can use her divorce to pay off her debt.

Government and bankers don't like your answer because you point out the most critical point.

Yep!

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

Please can you leave the info of your investment advisor here? I’m in dire need for one.

I would like to commend Margaret Johnson Arndt, a distinguished portfolio manager highly regarded for her remarkable expertise. Her reputation holds significant recognition, and you can effortlessly delve deeper into her background by conducting online research.

Hello dear friend

Can I get your email

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income.

Consider the Economy as One Huge Engine that Produces the Life Styles that Humans live & Prosper & create a Healthy Financially secure future for their Families . Corruption, Manipulation , creation of Unhealthy Political Policy & Diplomatic Environments is a recipe for Engine Failure. People are equally losing money in the financial market in the midst of all these.

@@alexyoung3126 I wish people can see this from this perspective sooner than later. things are really going south and everybody is acting cool. How can i reach this advisor?

@@joesphcu8975 My advisor is "Eileen Ruth Sparks" You can easily look her up, she has years of financial market experience.

@@alexyoung3126 Thank you for this referral! i just looked her up and sent a message hoping she gets back to me

Bingo!

its almost like the system is designed on purpose

And the problem is that NOBODY teaches us on finances. Not in school, not our parents, because they don't know.

My brother used to work on Wall Street. Most Americans don't understand the system is not designed for them to succeed. Anyone in the financial industry will tell you that. It's designed to keep the %1 in power. That's why almost 70% of people in the richest country on earth live paycheck to paycheck.

Simply put, Americans has been living beyond their means buying unnecessary items in order to keep up with the Jones.

Don't forget the Real Estate "investors" too.

Thus is a smart move to buy banking stocks. Don't you think?

The politicians in power likes high household debt. That's a reduction of the amount of debt the US government has to take on.

The Fed is great at protecting bank profits at the expense of the middle class. It's good to have a money monopoly running the show.

@@The_Savage_Wombat Smart middle class people have banks' stocks.

Except of course debt is the key to how we have grown our economy and productivity. Without debt most people could not start a business. The key is figuring out the difference between good debt and bad debt. Good debt is a lever to generate more revenue.

Your parents taught you right my friend.

​@@jan2000nlProducts and services will always be bought. They don't need to be financed, clown shoes.

Yes indeed 😮

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

@@lindholmlille in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

@@jetkastrokdova I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

@@margaritasbunny Inflation is over 8%. The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like mys

@@leonarodwell >My Financial Advisor is CHARLOTTE ANNE MCCONELL. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

Soon she'll find herself in a tent.

Yep. Entitled and stupid.

Great advice twerking 🐟 fish!

no greed and corruption are the problem....you're just to brainwashed to see it....

cannot thumbs up enough

I agree with you. We need Dave Ramsey here

Shes literally buying a $10,000 car like she can get a second hand one that works fine for $4,000. Shes lucky with what she has

The lady is especially woke minded. Elizabeth Warren 2.0. zero financial sense. Spend and spend, what a financial idiot

@@dominicmcmichan5912 My sentiments exactly. In her situation, I would have bought a very good used car for cash, then she would not have THAT to worry about. Fun fact: I will NEVER buy a brand new car again. I see that hustle. Buy good, used for cash. I have friends that do what she did; now they walk around like a deer in headlights trying to figure out when the other shoe will drop concerning their jobs. I could care less what anyone thinks of my frugalness. Never did. Never will. 💯

@@dominicmcmichan5912 Are you joking? The used car market is in a massive shortage. My 2017 Civic sells for more today than I paid for it in 2018.

The markets are been propped up by the FED printing money with NO limit. Every time the Market blips down the FED dumps cash into the dip. Tbh I'm in need of a good investment plan currently, I have a lump sum of $100k+ in a savings account yielding next to nothing

Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘' Deborah Jean Dykstra’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.

@@Christine-ce4xo this is good, how do i find your F/A?

@@Christine-ce4xo Out of curiosity, I Looked up Deborah and her webpage popped up immediately, interesting stuff so far, written her.

@@NancyFranciss she has a web page>

That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

Please can you leave the info of your invstment analyst here? I need such luck lol

Deborah Jean Dykstra is my analyst. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial markets.

Upon conducting a comprehensive search, I discovered that her complete name occupied the highest position in my search results. I express my gratitude for this valuable information, and it is genuinely appreciated.

When she said that I immediately went to the comments to find this. "It's not fair", was the topping on cake.

It’s not fair lmao

This woman couldn't financially manage a grocery trip, great credit risk. "Should I pay off debt today or should I go embrace and enjoy the things that my beautiful city has to offer? It's not fair!" What an idiot

Stop shopping and eating out!!

With a $182,000 mortgage and $10,000 loan debt, putting money into savings at less an 1% is not a wringing decision, there's some call paying into principal.

Yup, just to finance their lifestyle they rely on stupid credit scores, rather than live in basics. I have no sympathy for those people, let them suffer their stupidity.

Yes! Don’t ever spend more than what u can afford

👎👎

Amen. Personal budgeting and finance should be a required course in high school .

I suspect many people buy things they think they need when in fact it’s just things they WANT, the two things are different but some people can’t see the difference!

Without a doubt, the Fed is to blame for the exceptional catch-up measures currently in place since they were initially too slow to control inflation. The outbreak, supply-chain issues, and the state of Ukraine are all contributing reasons to the impending inflation perfect storm. Not to mention the steep rise in housing costs, another aspect that makes it difficult for the Fed to keep inflation under control. In conclusion, if you have the money, remove it quickly away to take advantage of the high savings rate.

This is the problem! People who have little to no stock market knowledge frequently try to acquire on their own. I had the idea before acting responsibly and contacting financial advisor. "Ruth Loralann Brennan, in the US, but now everything is different. I started getting amazing returns on my investment.

@@harod033 Sure, I'm not sure if I'm allowed to say this, but do a search on Ruth's, she was in the news a lot in 2020. She is both my coach and my portfolio manager.

@@patrickperez7387 Ruth's complete name was readily copied and put into my browser, and her webpage appeared promptly. Thank you so much for saving me numerous hours of time-consuming research.

Always think long term when investing if you are young

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

@Dan Brooks Impressive can you share more info?

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

Gotta have lots of money to pull that off.

The avg new car is over $40,000 now. Used cars are cost more now than in recent history. A beater is the price of yesteryears new car.

i need my iphone though

If you listen, it said the car was an unexpected purchase and that she finally was able to pay off her old car. That would likely indicate that her old car was on its last legs and died unexpectedly --forcing her to get another one to get around.

@Anderson Outdoors An old car (really old not 2-4 years) is never worth repairing. After a certain point the car would cost more to repair than to buy a cheap second hand car. For example my aunt never serviced her old car. At the moment if she tries to repair it fully it would cost way too much than to buy a similar second hand one. Though properly maintaining the car could have reduced the total cost of repairs but it would still be more expensive than buying a second hand one. That is why second hand cars are really really expensive these days. Some are almost as expensive as brand new ones. This happens because most people would prefer to buy a second hand car for a smaller price , use it for a couple years and then proceed to sell and buy a new one. On the same note people like to "lease" cars.

@@Dr.HouseMD I bought a Nissan Sentra with 4k miles on it for 19k

Its not even her degree, she got a good degree but in a criminally underfunded area, its that she took the money she got back during the pandemic and decided to buy a $200k frickin condo.

Agreed! She is so out fo touch. I was cringing so hard listening to her. 😬

Yes, I agree, she was a bad example, on the other hand, a lot of careers REQUIRE a Bachelors and/or Masters degree. It’s a catch-22. We need Social workers, mental health workers that all require degrees unfortunately, those jobs don’t pay a lot. So, what is the answer? Stop making education for profit.

@@FrostNightVideoProductions I chuckled at that too. $200k condo? 😂😂

She said she had $10,000 left of debt on her car. My entire vehicle was $10K. I think student debt and other debt are major issues but it seems like her issue is more living above her means.

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.

My adviser is “Sharon Louise Count” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.

Enron.

I dual major. One major for my enjoyment and one major to get a job. It did work but I took a "different punishment". I guess it was worth it overall though there were some regret.

Time in market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment.

It's not difficult, but you have to learn and manage. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

@Zahair O'Brian Bravo! How does one locate such an astounding investment Advisor? I'm semi-retired and would undoubtedly want first-class management on a much larger portfolio since i want to leave my personal estate for my kids & grand-babies; I don't want to take chances given the volatility of market movement, so could you please refer me to yours?

@Zahair O'Brian This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

SCAM!

Yeah she is making it harder for herself when it can be maintained.

Facts…I didn’t understand her breakdown…not sure how she could even afford a condo even her circumstances

@@cwilliams7955 she said she's cohabitating. She's probably married. She's sounds like she's doing well actually.

Yeah even if they forgive all student loan debt , many people including this woman would be still drowning in one form of debt because they don’t understand financial illiteracy

She really has no idea what she did, the relief she got she should have used the savings to pay off the debt asap

this is the typical white liberal woman circa 2022

She was stupid enough to go into a field where she knew the pay was not very much. I have no sympathy for her - the world doesn’t owe her a damn thing!😡

Yep. Financially illiterate.

She drives a used Subaru. She really isn’t though

@@diamxnd8364 Because she put most of her loans into her mortgage and expensive lifestyle.

Good point, but despite all that, a person has the choice of refusing this model and if the vast majority does, they will stop this practice. So, at the end, we shoot ourselves in the foot.

It’s similar in Canada as well. Something as simple as using a credit card for specific daily purchases (ie gas, cell phone, internet etc..)you would otherwise pay cash for, then paying the balance in full by the due date will help contribute to fantastic credit, without actually carrying debt, or paying interest. Of course, this can take a lot of discipline, which not everyone will have, but its a quick and free way of doing it.

It's completely the truth

YOU ARE CORRECT, INCREASING WAGES WILL NOT FIX THE PROBLEM BECAUSE PEOPLE ARE ACCUSTOMED TO SPEND MORE THAN WHAT THEY MAKE. PEOPLE ARE ACCOSTUMED TO BE IN DEBT, CONTINUOUSLY BUYING UNNECESARY THINGS, STUFF. IS ENGRAINED IN THEIR BRAIN TO BUY, BUY, BUY, AND UNLESS PEOPLE BRAKE THE CYCLE AND STOP BUYING SO MUCH STUFF, IT WILL NOT STOP.

Maybe people would save more if banks paid decent interest on savings. They used to pay 5%. Now it's only.1% . At 5% you made $5 a year on a $100 deposit. Now at .1% you make 10 cents interest.

Nobody wants to have kids that’s to much stress

😩

agreed, however I don't see how she is in debt 240K for a social work

Honestly that lady is unbelievably out of touch, she needs to go touch grass.

Totally agree. Education is an investment in your future. If the debt you take for education doesn't qualify you for a job that will net more than paying your debt it's not worth it.

I wouldn't hire her to run a daycare.

That caught my ear too. Also, right at the end of the sentence she adds: "That's not fair." I thought that was a really weird (and immature) way to describe a normal adult decision.

"it's not fair"

If I want all this stuff eventually I have to pay for it. If you cant afford it now can you afford to pay the price plus all the fees and interest?

@@feedweeb8856 She must not realize that some people wake up every morning, and instead of wondering if they can "enjoy their city", they wonder if they can eat that day. What an entitled princess she is.

Borrow 200k to buy a condo when you have hard time paying the debt. They have nobody, but themself to blame.

I think it's a logical response to living in a time where basic comforts and the comforts of your childhood -- the ones you were promised growing up-- are increasingly unattainable and won't be for your entire lifetime. I see quite a few young people deciding that if no matter what I do, the statistical likelihood of me being able to ever afford a vacation or nice dinner is low -- I'm going to take out credit so I can experience these things in my lifetime before I die. I don't think it's whiny for people to want to aspire not to struggle their entire lives. Many people in other countries like Finland and Germany don't have to choose between a high standard of living and high debt because their societies don't force them to have debt. Since 1989 , when credit scores were created, Americans must maintain debt in order to be able to get any kind of loan. And most people will need a loan unless they were born with parental donors giving seed money lol

Good start! Keep it up!

Yes sir. Cash is king.

@@Undercoverbrotherfromanother My post: Your reply: In my view, cash is FAR from king. You need enough cash to meet your needs, but beyond that investments of various kinds usually offer greater returns and more security that cash, in my experience. Just as an example --- I have about $3500 face value in American silver coins. I've had them for decades, and I hope I never encounter economic failure that makes American currency valueless. But it's a backup. And I have several thousand dollars in hundred dollar bills, available in case of some urgent need or liquidity crisis. So I would say that I have protected my need for cash or instant spending power. But most of my assets are in rental real estate, my home and various stock market accounts. They provide much better returns over time than does cash. So I would agree that cash is king! when you need it. But when you have enough to protect yourself, it's probably time to looking for other savings and investment methods.

It is called 'old-school' because it has worked for a long time. 😉

Agreed. All of my peers are in serious debt. I can't relate. But then... I roll my eyes every time they spend frivolously. Ugh

This

Agreed. Mainly discipline. The only debt I have currently is my car but I'm a heavy enthusiast in the industry, it's one of my only hobbies. Save money in many other areas of my life to afford my dream car. Also helps having a house paid off.

Exactly. FIRST things FIRST. A lot of this is poor money management. Getting into unnecessary debt without paying the old debt and having to pay it all at one time is distasterous.

Yeah, I was cringing so hard listening to her. She must have been raised expecting to always have those things.

It’s incredible isn’t it?

It's as if she doesn't realize that it is she alone who signed on the contract bottom line and now she wants to claim poor me ... no lady your debts are the result of your choices.

exactly! disgusting how entitled people are and the lack of responsibility.

exactly..

That was my favorite line. That chick is an idiot

Absolutely 💯 correct! That’s what I said at the screen when she said that!!! 🙌🏾

Oh come on. That was probably taken out of context. She is working three jobs. So she has little free time anyway. Perhaps every now and then she ought to just try to relax a little and spend just a little to get new energy out of the fun experience. You cannot run a car with a dead battery.

@@gardenjoy5223 Dude! This lady has NEARLY A HALF MILLION DOLLARS OF DEBT! I DON'T CARE WHAT HER EXCUSE IS! NO WAY ANY MAN IN THEIR RIGHT MIND COULD EVER RATIONALLY MARRY THIS NUMBNUT! She's already a gold-digger in the making!

I worked 60-70 hours a week for over 28 years. No breaks or lunches and volunteered for weekends and holidays. I worked as much overtime as I could to build up my savings and purchase a house. I hardly slept and tried to be there for all of my children’s field trips and events. I lived frugally for many years.

They profit from those same folk.

That would be the German model. Never go into debt, save every month, avoid interest payments like the plague and only buy things you really need and can afford to pay. Only exception: A mortgage for buying your house, but even then you are expected to have 1/3 of the whole buying price in advance and pay off the rest during the next 15-20 years.

Exactly. A lot of people should not be allowed to have a cc, and government student loans. They are not responsible with them, and then they want to blame someone else, because of THEIR DEBT. No one made them spend the $. We need to live WITHIN Our own income level. People spend too much time worrying about what someone else has. Nearly every household could (find) $500 in their budget to pay their bills. But they WON’T cut! Ex of wants in America today. Cable, eating out, new cars, gambling, smoking, drinking, Starbucks. There’s tons more. We’ve confused WANTS with NEEDS.

THEY ARE NOT GOING TO DO IT, THAT IS HOW THEY MAKE THEIR BUSINESS, ON THE MISERY AND DEBTS OF PEOPLE.

Phil C, I totally agree. That’s the exact mentality (and phrase) that my father instilled in me since I was a child. The issue is that most people don’t use common sense when it comes to financials. If you can’t pay it off in cash then you can’t afford it. The only caveat for that is a mortgage (you can claim tax and interest as a deductible amount from your tax). The closer the % is to zero the better it is for you. Pay your credit cards off, don’t take loans. Don’t live beyond your means. It’s simple.

Unless you go into Healthcare, your gonna be hard pressed to easily make up your student debt.

Don’t take out loans. Get scholarship or get a campus job. That’s the only way to avoid debt.

Yes. You can go to a community college, get your RN license in 2 years and make $80+ an hour especially as a travel nurse.

@@jonnyfendi2003 those days of good travel pay are gone.

@D Sandie STEM, math, and finance or nothing.

You don't own land, you rent it from the government

Yeah there's so many people that value cars over houses for some reason.

♥

@@travisspazz1624 Not saying I value cars over homes but you can be seen in cars not homes. Nice cars turn heads and fuel the ego humans especially men naturally have

I mean you could fix the cracked windshield and the little dent.

If interested in the program? I can refer you to the man who helped me with the program

I’m debt free since last month the best feeling ever.

@@dayanarab6874 Have you done bitcoin flip before. I did this in just couple of hours and I won $10,000

Yeah, it’s a program to help people to stand in their feet and to start up a business to make a limit.

Its the best feeling in life debt free

Pretty much. America has given women the right to borrow and women are STUPID. All they do is borrow money to buy GARBAGE. Most people who have what they have here are BROKE

Why is it that @CNBC uses upper middle class people who make extraordinarily dumb financial decisions while living extravagantly, in their documentaries?

Get bribes and change the rules

4. Trade with Pelosi and get wrecked

4. Follow Nancy Pelosi's stock picks

@@ellen5603 Indeed...she/her hubby have done better than Warren Buffet! Woo-hoo!

@@hchung4576 Just lucky I guess lol

You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.

@@Alejandracamacho357 I agree, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards. long stry shot, its been two years now and I’ve gained over $85ok following guidance from my investmnt adviser.

@@Natalieneptune469 please who is the consultant that assist you with your investment and if you don't mind, how do i get in touch with them?

@@Robertgriffinne My consultant is 'Corinne Cecilia Heaney, I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so.

@@Natalieneptune469 I just looked up 'Corinne online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call

But is she really though. What if she actually is the "Average" American. I don't know the answer to that but it's something worth looking into.

@@77jaycube69 I just think people are used to living above their means; trying to impress people who could care less about them. I’m black and see it in the community like you would not believe. Buying or leasing a Mercedes or expensive car, but renting an apartment. The Benz is parked on the street or in a carport because they don’t even have a garage for it! The lashes, the nails, bundles of fake hair, the expensive clothes and shoes, eating out for breakfast, lunch and dinner. This is stuff I see people are doing that I know. And they always say “you’re so cheap”; “you need a better car”. But, the only bill I have is my little house I bought being so cheap. Their either with their mama, partners or with relatives. But are they saving for a rainy day? Of course not! They are out there spend, spend, spend!No savings WHATSOEVER. NOW, they are scratching their heads trying to figure out “what happened?” Oh, and I forgot, bragging about all these exotic trips they have taken, but have yet to pay for. I travel, too. But all my trips are paid in full. No CC debt whatsoever. Planning. That’s what my parents taught me. Guess it’s not for everyone. 🙄

@@curlyb4c95 it’s not just the black community but I know what you mean. Unfortunately debt has become the American way! People live off of credit cards and the numbers clearly show it. Like you said people are simple living above their means whether it’s to impress other people or it’s just the way they live like every one else around them. I worked for a CU and the number of delinquencies I’d see with all these fancy cars was crazy, I couldn’t believe it and they were in “well to do” neighborhoods but now when I see one I’m like umm hmm is that Range on the verge of repo😂 I’m personally on my debt free journey but when I talk about it with other people I know it’s like I’m speaking another language as if they can’t fathom the thought of living without debt.

@@77jaycube69 that’s it, I think she is probably closer to the avg American as far as behavior. Americans have become so dependent on credit cards and debt is just a way of life. I’m so glad I’m not average. My parents, especially my mom taught me from a young age about budgeting and I’m on my debt free journey😁

@@kstar1956 I hear you. Keep going. Freedom is fun.

I love Whoppers too! How many lawsuits did you have against McDonald's?

I wish I would’ve seen your comment before trading in my 2013 Ford Focus hatchback that I only had $5k left on for a newer Corolla with the added negative equity loan. I did that so I could have a reliable car to get me across the country for my new job but looking back on it, 8 months later…that’s one of the dumbest decisions I’ve ever made in my life!

@@Rico401Prov Just a question, but that honda wasn't reliable?

@@binxthekitty54 it was a focus lol thanks for reminding me and sorry about the confusion haha if I had a Honda, I wouldn’t even had entertained trading it in lol

@@Rico401Prov OH got it lol. Yeah, the focus is 💩. The corolla will last you for sure. Had one for 20+ years.

If you are not in the financial market space right now , you are making a huge mistake . I understand that it could be due to ignorance , but if you want to build generational wealth , and cultivate financial knowledge , you must be in the market .

Absolutely right, financial education should be enforced in every level of education.,

You're right, recently I was watching a video on this channel and came across Lilian Anderson testimonies that got me invested with a massive return as profits.,

Hey hey, kids need to learn about the many different genders first before anything that can actually improve their lives.

​@Cassidy Margaret *Could you please guide through the process??*

Totally agree. I don't think anyone forced her to buy an Apple watch either :)

That house is totally yuppiefied lol

It's a simple - she is buying more than she can afford. Saying "It's not fair to have to make a choice of paying off debt or enjoying my city" is such an immature response, I am flabbergasted. Maybe I shouldn't be. She's obviously bought into the idea that "I deserve this" that the ads have been pumping out in ads for decades now.

you know she spends 5 bucks on starbucks every morning and we should feel sorry for her lol get outta here

Right

Yeah you're right, she should just accept her role as a modern slave. I mean we all know life's about corporate profit, and not about people living it.

The Karen suffering in this nation is truly terrible. She also has trouble being able to afford a new $70,000 car!

@@skankhunt3624 calling her a modern slave is a disgusting insults to the actual slaves that endured backbreaking labor for no pay

@@robertsanders7060 just ask karen rodgers

We’re supposed to work to live, not live to work

He went to medical school with very few student loans? Really??? What year? Correction.... What Century???

Bruh, so what age was he when he finally made it to med school? 😅😅😅 And what age will he be when he finally retires?

Yea....I don't believe that. What's his name. I'll look him up on LinkedIn.

@@johnmoore6853 The hospital had a program where orderlies could train as on reduced tuition. He then moved to a state where nurses were paid higher salaries and saved the money. He had the savings, some grants, and didn't need to borrow much.

@@NoIDontActuallyLiveInSeattle 25.

People need cars and a place to live. People need clothes and food. And guess what, not everyone can afford those things, that's where loans come into play.

Maybe people do not need to buy $80,000 cars to drive around in unless they can afford them. I see the car wash guy at BMW driving around in a $80,000 M3. He was showing it to me and telling me how all of his money goes to the car. He likes how people admire his car when he pulls up to the club. Yet he drives home to his parents house and parks it in the street. I see people driving around in luxury vehicles all over the Bay Area. I just assume that everybody is making $400,000 plus per year.

@@mocheen4837 I know it’s only going to get worse with this soft AF younger generation and their co dependent/ do it for them parents. They won’t ever fly the nest but they will have their parents house stuffed with every tech toy a person could want.

Love your comment.

There is public transportation, goodwill for clothes and food banks to eat. You do not need a loan for these things. Concerning rent, if you need a loan to pay your rent every month then you can’t afford to live there. Get a roommate, downgrade to a less expensive apartment or get a job or second job to pay for rent. You do not take out a loan to pay rent. Never heard of that before. Tell the loan officer you need a loan to pay the rent and he will deny the loan because obviously monthly expenses are bigger than monthly income so you are unable to pay the loan back. Denied. Be humble. A loan is not an entitlement!

Eating healthy can be very expensive

How? A kilogram of rice, or apples, or chicken, or any food really is unbelievably cheap. Certainly not more expensive than McDonalds or pre-prepared processed foods from stores anyway

@@ClosedCurtainFilms “can be”

@@firstlast8258 I asked for an explanation, because someone who espouses the idea that its too expensive to try seems to just be looking for excuses, rather than basing their decision off of actual solid reasoning. I'm asking for a proper explanation because from what I can see there isn't one, other than laziness

A lot of people cook at home regardless of socioeconomic background. If people cannot generalize rich people, there should not be a reason to generalize poor people.

Why don’t you invest in stocks one mr Peterson is teaching people how to do it and make extra cash

In her useless Masters Degree program I'm sure she learned how this is the White Man's fault and that she should not be held accountable. Her job is being paid by the State to help others collect money from the state.

I agree. She's trying to live like a big-shot on a McDonald's employee budget. She did it to herself thinking the Master's degree would provide her all the income she ever wanted. She needs to get roommates in a $1000/mo apartment with a $2500 car. Not a $10,000 car and $200k home. No sympathy for her. She deserves every bit of debt she continues to accrue.

Delusions of grandeur, wanting to live like a "queen" instead of living humbly and understanding your limits. Teach your kids about their limits first then teach them to shoot for the stars

We need social workers tho

money is to slave u... illuminati

Agreed, but when the person only makes 30k for a full time job, they can not function without loans for cars to get to work. No public transit in Michigan. What happens when you are not paid enough to live within your means and feed your family?

@@jillclarke7264 I’m from Michigan and know people that make $30k. They own vehicles and have to commute to work. You can still buy reliable vehicles under $10,000 even in the current car market.

why not! now the government is just going to pay for it eventually. we can be as financially irresponsible as possible

Medical bills can crush you.

When I visited US, I've always found it odd but cool that there's a very strong consumer culture in the country. I used to think, "most people has to be rich enough or financially stable enough for them to be like this", and then I see countless comments and opinions everywhere especially the internet complaining about how their wages are low (when it's not imo) yet never mentions how they just bought the latest IPhone that releases... I think some people just need to live in a developing country or a 3rd world country with a 3rd world wages to learn what it means to be financially responsible, efficient, and frugal.

As someone from Hungary, Eastern Europe (which really is a post-communist sh**hole, pardon my French) I'd give up literally anything and everything I own just to move to the United States... everything! And here I hear about Americans struggling, also while living in the best possible country a person could ever ask the Gods to be born in: it really pi**es me off to no end I'm the same as you Karyn, never bought anything I couldn't afford, and always had money saved in various ways, but it's nothing compared to what I could earn there, and yet the gates are closed for us "third world people" This is what's wrong with this world

DISCIPLINE!👌

I bought a house beginning of 2021. The mortgage is about a quarter of my monthly take home pay, well below my means. I need to buy a truck soon but I'm looking into used in the 10k range vs these 50-60k trucks that are so common now. Buy everything on my credit card so I can earn the points and then pay it off immediately. If I don't have the real money to buy something, I don't. Too many people nowadays buy things they don't need and can't afford with money that they don't have.

Yeah, but you drive a Prius LMAO. But seriously, some people were fine with a good amount of money left over each month, say $1000. But now with fuel and food prices sky high, they are negative as much as $1500.

What’s wrong with a Prius? She’s a homeowner!🥳

Because conservatives don't feel that medical treatment is a right, even though it's right there in the Constitution.

Yeah. When she was talking about choosing between having fun and paying debt, I was cringing so hard. 😬

@@skankhunt3624 because conservatives know we are already over 30 Trillion dollars in debt and Biden keeps the printing press running white hot

@@skankhunt3624 medical treatment is free in USA

@@skankhunt3624 where do you see that?

Yolo swag life

To a degree I agree, but there are extremely predatory practices within the credit industry. Simultaneously people need to own up to their decisions and we need to reign the top in.

I feel her house is very beautiful and I know people who would get a cheaper place instead of putting themselves into more of a struggle. If you're making money during the pandemic you should have put money into those loans. save money enough to cover an emergency but you should prioritize your debts because the interest rate will eat at your salary more. though I know the social work industry has high debts high stress and low wages working for the government. I believe the government should pay for all their employees degrees. You shouldn't need a masters degree just to be under 50k a year.

Yes, be a worker drone and spend every penny paying of interest to not live on the street. Life sure is beautiful.

exactly! plus she got rid of the car she paid off and preceded to take out another loan for a car smh. no sympathy for her

Exactly! No one to be blamed but herself

And we’re subsidizing it. This is going to cost democrats the next election.

Ya because she is a Democrat pushing for student loan forgiveness so she doesn't need to pay that 🤣

She did exactly what rich people do. Trump is millions in debt, but he has assets. now she has an asset. rich people don't look at debt as something to be paid back, only leveraged.

Facts. I don’t feel bad. She made her choices and now she’s whining about it

And she cannot count her mortgage as standard debt. She’s buying into equity.

My favorite part was "its not fair".....its not fair to the millions of tax payers that now have to carry the weight of 300 billion dollars in forgiveness because you decided to take out student loans. The responsible people are punished and the irresponsible will continue to be more so irresponsible because sleepy joe will just forgive my debts....Get real.

indeed... not sure how it works in the US, but here in CZ the credit companies or banks or whatever have to first check if you are able to repay the loan counting all your other loans... if it's shown that you're not and they give you the credit anyway and you cannot repay it, it's on them in the end... so this made these companies more aware of how they really impact people and their lives...

I would agree I see it all the time. I’m 25 and i’ve lived on my own since i was 19. Going on 7 years in debt and I own nothing. I don’t have any luxury items and i’m still struggling. I have a small family and I’m the main provider.

Maybe if they all stop eating out every day they wouldn’t be in debt

@@basiltozer9078 debt includes mortage and car loans usually. So what’s the alternative to a mortage or car loan? Buying in cash? Not feasible for most people unless they want to be homeless, waste money renting, or walk to work.

Don't forget about brain washing, you can't blame all this on us Americans, how about being bombarded with commercials every time you turn on the TV or radio, I can't tell ya how many times I went out and bought crap because of some commercial playing on TV, or being told to go to college after school by teachers, they told me to pursue a degree in Art 🎨, how will I feed my family on this degree while in student loan debt

She was also complaining that she has to decide between having fun and paying debt. This woman is not in any sort of real danger. They should use someone actually in danger of going broke.

The 240k was including her house, and the alternative is renting which is arguably a worse financial decision. At least with home ownership, you're building equity.

@ghost mall yea your employer for underpaying you

she waiting for the govt to bail her out my guy

She’s a Democrat, democrats are stupid

fun fact: student loans are not affected by bankruptcy, they stay with you forever

@@SickPrid3 thanks Joe

Between 15-5 years ago I believed the lie that "good debt" existed. Then I became financially literate and paid off my house and paid off other smaller debts. Now I own everything I have and can put more money into my retirement funds. And I have more money to enjoy life. Articles like this keep people in the dark to make them believe debt is a good thing. It never is. Over the life of the mortgage, $80k went to the bank in total interest. Money I'll never get back.

@@dachicagoan8185 that’s amazing I’ve saved a incredible amount of money for a downpayment on a multifamily 2 unit or 3 in the Bronx now I realize my down payment can buy me a entire place multifamily and all in many cities throughout the country and am very conflicted

Deadbeats of the World…Unite!

Excellent comment. Very insightful. It's something that is rarely talked about and helps people get ahead

people need to take some responsibility for themselves and their own decisions. got

Stop borrowing and spend what you have.

Stop stealing wages

Education?

We are talking about those things

No one is forcing you to enroll in school

@@yashwantmahajan1836 Spending vast sums of money on degrees without high-paying job prospects is a mistake.

A lot of people got into a ton of debt over the pandemic for just that. Personally I never got that pandemic unemployment everyone was so happy to use to get ahead, but I was still laid off so I got wrecked.

Did you try doing the cash hack program yet I did cash hack just some days back and I got paid $20,000 in just some hours

Congrats!! I felt the same way when I got rid of mimy debt. I vowed to never let it happen again

She is a out-of-touch spoiled kid. I was cringing so hard listening to her say that. 😬🤦‍♂🤦‍♀

She wants to live like a boomer

And yet I feel it's not the long term debt that is her issue. With her 3 jobs and degree, she should be more than capable to handle the long term debt. Makes you wonder what is she spending on short term debt that makes it so difficult. A 10k car isn't that expensive and even the mortgage on her condo is manageable. I therefore must assume that she is buying a lot of other things, potentially on consumer credit, that is making life difficult for her, but those are the things you often can live without.

@@SisyphusJP I personally don’t know any boomers that irresponsible, including me.

Chill out dude. The car was an unexpected purchase, and with a debt of under 10k, was probably used and/or she paid off most of the purchase price. The "nice house" is a condo that she cohabitates with someone else and at a mortgage of $184k is cheap. She also never said she wanted to "blow all her money" in her beautiful city. She was just referring to a decision that hangs over her head every day. Sometimes a person just wants to do something fun for a change and not constantly worry about whether or not they can afford it. That's all she was saying.

I hope it was not expebsive

Some have unlimited resources and others have unlimited wants.

Fed may finally make unlimited money though Haha money printer go brrrrrrrr

@@suntzu1409 The more of something there is, the less people value it. It's why people don't think about the quality and amount of water or air until there is lack of it.

PEACE PROSPERITY FREE THINKING GOOD HEALTH OPTIMISM

this

Yeah, her mindset was wrong when it came to being financially responsible. Unfortunately, this is the mindset of a large portion of Americans. That's why there are so many in the US living paycheck-to-paycheck with little to no savings.

I thought the same thing

I know. That floored me.

My thoughts exactly shes living way beyond her means My advice and I came across this by necessity if you are single this is much easier to do and what I do is i live out of my car it is hard but I enjoy the little things a lot more i dont have rent no gas no water bill no trash or electric bill i have a storage unit I pay on a gym membership phone netflix and Hulu and my cars paid off and its taken me a few months getting used to the lifestyle but its getting better thats my advice

Affirm has been around years prior to the pandemic 2012. I have used them several times since 2013. It’s unfair to blame affirm or afterpay because people need to be more responsible and know what they can afford to repay. Things happen but consumers need to take responsibility instead of pointing the blame fingers elsewhere

Uh.... No one forces you to use affirm. It literally says 5 easy payments. If something like affirm confuses you, you're of no societal use anyway as you have zero critical thinking skills.

If used incorrectly any borrowing of money can be bad, if you’re smart about it then it can be good, inflation is going up so it could be better to borrow if you can get 0% interest, but I’ve never borrowed money for anything except my house, as smart is it might be in particular situations (car), I prefer peace of mind

it's fine ,it was their decision now they have to suffer a decade to pay that thing off. If you make bad life decisions there are consequences

I don’t necessarily blame those services. No different than stores and using lay-a-away. They can be useful and helpful for some people if used responsibly like any other form of credit but if someone just goes bananas racking up more then they can handle it’s on them. Changes to the credit reporting system will start to include these services at the new year so a lot of folks will be taking some hits on their credit score.

I’ve been saying this for the longest time. Problem is you tell most people that and they take it personally.

Smart strong men don't ever mess with "relationships" in the first place Period

Bingo!

Same.

I wouldn’t disagree with this but will they teach? That there are such things as “good debts” or that debt is always a risk?

Agree. Thats why collage cost go up 9% a year. We need more people going into the trades.

The job ask for the knowledge, the requirements for the job should be studied.

she might qualify for service loan forgiveness if or whenever they flx the program?😉

@@thewb3 oh god that's exactly what we should not do. Then she will rack up another debt and even more because now she knows that there is a chance somebody else will pay it off. That's not how you educate your citizens by paying off their debts. She needs to go broke and live in a 1 bedroom apartment and work 2 jobs for 20 years. That's what she needs right now

240k? Man what school she went too? Geezzzz

@@williamhodges3941 Her college loans were $50k. You’re citing the total, including her auto link ad n and mortgage. However, my dumb ass went to GW for undergrad and grad school and for what? Teaching. Wouldn’t do that again. I got a great education, but it was a stupid move.

@@akc1739 I went to GW and am a teacher right now too. Agree it was fun being in DC, but not the best return on investment.

correction; Apple Watch.

Absolutely. People don’t set their priorities straight. Not going out for fun is unfair to this lady lol. Well welcome to the real world.

@@NileshKanani-yw9jg I was cringing so hard when she was talking about it. 😬💀

@@emman100 me too. Self entitled people these days.

stupid is as stupid does .... if you want to be "well off" , watch what the poor people do , and don't do that !

The best way to avoid student debt is that about half the people attending college don't belong there.

Took me 20 years to pay off mine. Young folks want to start where I am today. Takes sacrifice

@@justsomerandomgirl Yes, it does. Also some smarts and self discipline. In the late 1970s I got an office clerical job with a utility company ---nothing special. Pretty much immediately, I continued my frugal habits which maximized my ability to save money. While most people were busy spending their money on stuff they couldn't afford and going into debt to do it, I acquired the savings to invest in the stock market. At the time, the Dow Jones Industrial average had been bouncing around between 700-1000 for a decade. I was the only person in the office, supervisors and managers included, who had a stock broker on call. Well, today the Dow Jones average is around 34,000, and that doesn't include dividends paid out o ver decades. At the time, when asked, I explained what I was doing and my fellow employees, and supervisors, usually said "Stocks? That's too RISKY!" They preferred going into debt I suppose. There was one vice president of the company who came over one time and asked me about my investments, and quietly encouraged me. That was the only encouraging word I ever had. By 1985, I decided it might be worthwhile to secure my housing needs by buying a house. I bought a cheap HUD repo in the cheapest neighborhood in Seattle, where I still live (across the street from me, a new single family house recently sold for $1.5 million) . At the time, I had zero credit history to use when applying for a mortgage. However, I applied for a mortgage loan with the bank in which I owned stock (Washington Mutual). I owned more of the bank's stock than the size of the loan I wanted. I got the ,loan. Well, you get the picture. Frugal living combined with investing savings in reasonable way has led to a net worth of several million dollars over the decades. Of course, most of my co workers preferred living above their means and going into debt.

Right? Living in condos, driving late model cars, running up college loans, sporting perms and new clothes, AND COMPLAINING THEY HAVE TO PAY THEIR DEBTS. She’d rather “embrace all life has t offer”. Ridiculous!!

"Just use credit cards, thats what I did. You can always go bankrupt later"