Financial Freedom 101 is a place to learn financial education topics not taught in school including how to get out of debt, fix your credit, start a business, entrepreneurial skills, loans, retirement, investments, interest rates, and much more.
Legal Disclaimer: Topics discussed may include predictions, estimates or other information that might be considered forward-looking. Results are not guaranteed. This is not individual investment, legal, or tax advice. Investments can lose money. Make sure to complete your own due diligence and work with licensed investment, tax, and accountant professionals when making financial decisions. Financial Freedom 101 is not responsible for any of the financial decisions that you make. Financial Freedom 101 typically has investments including, but not limited to positions in diversified ETFs such as SPY, VO, and others which may contain holdings in the companies discussed. The content of this video is for entertainment purposes only.
This video is amazing. I often find that many videos on economic issues are emotionally driven instead of data but this was the complete opposite, keep up the good work. Definitely subscribing
So what happened in 2022 and 2023 and the ungodly rose in volatility, that was just a quintuple correction I guess or did the market/s price in the recession already?
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Kimberly Ann Doran for helping me achieve this.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
It is up to the individual. People in the middle class that understand how money works increase their wealth and move into the upper class and people in the middle class that do not understand move towards the lower class through recessions and crisis. The middle class is defined as the 60% of the population that is from the 20th to 80th percentiles.
Hi new subscriber here. If I may kindly ask (& I do apologise for my ignorance) but why is there talks that the US will enter into a recession when recent US GDP data has shown 3% growth? Have I missed something here? Because from the data that ive seen its the European union that is more likely to see a recession then the US, as the EU had 0.2% GDP growth from todays release?
I am looking at current US data which provides leading indications of a recession several months before a recession. So the US is not currently in a recession, but several sectors are in decline and will most likely lead to reduced GDP over the next several months to year, likely 2025 as it will take two quarters of negative GDP to indicate a recession unless that definition changes again. No guarantee, but an increasing likelihood at this point.
@@financial_freedom101 what data were you looking at, if I may ask? Because what I find confusing is that the US GDP increased to 3% which was up from its last Q1 GDP data point at 1.4% which is showing signs of economic recovery?
Man!!!! Awesome video! This is my second one and it’s amazing!!! This style video is too good lol. It’s not this over stimulated garbage that most people do just to get clicks and views. Thank you!
I love how the US can randomly review its figures by nearly a million, and this is not even big news. It means the economy was already way weaker in 2023 than claimed at the time. Yet nobody bats an eyelid and media say these revisions are meaningless, even as wrong data guided key decisions around interest rates. Same media that will bleat endlessly about China or some other "non-friendly" country not being transparent with their economic data, but the USA gets to shift the goalposts around what transparent data is.
@@financial_freedom101 So the waves are progressing... now it's just a matter how far the waves crash onto the beach (soft or hard landing). Today's job report did not help either case.
We've been in a silent recession, if not a depression for 2+ years as the stock market has been falsely inflated. I'm looking to buy a 4plex but don't make enough to buy even a small single family home -I'm 44 with ~$61k in roth retirement funds and am thinking about withdrawing my roth funds and bitcoin (fraction of one) and combining those with my $42k in hysa funds, before the stock market and bitcoin both crash. Is that a wise idea? I want funds available if housing prices crash as well.
Except during the 2007-2009 recession housing prices did not dramatically decrease when looking at data. The lending practices helped cause the issue with people getting loans they could never afford to pay with ARMs and interest only payments and balloon payments in that time period. The market may already be shifting with all the negative news. I am not a licensed financial advisor so I am not providing personal advice here. Personally I do not have cryptocurrencies and will not buy them. I invest in hard assets (businesses / real estate) and the S&P500 with small amounts of CDs and bonds. I only buy what I understand and what produces income. Cryptocurrencies do not produce anything. I hold very few precious and base metals for their physical / chemical uses (gold, silver, copper, aluminum, etc.), but only a little as they also do not produce anything. I stay invested and remove my emotions and will continue to dollar cost average to buy more stock and will continue doing so even as it goes up. People trying to time the market tend to sell low and buy high and lose money when they get emotional compared to people who use dollar cost averaging.
@@financial_freedom101 someone just told me self-funded retirement plans are ponzi schemes (our taxes on the funds are why corporations don't pay taxes, and fees absorb all interest gains. Real Estate, precious metals are the truest retirement plans, besides HSA.
I was telling my wife how good this channel was and yet this video very concise is just what I was looking for to understand this data that moves the market. Just awesome job.
Yes, around half of all fortune 500 companies started during some financial crisis. www.federalreserve.gov/faqs/economy_14400.htm#:~:text=The%20Federal%20Open%20Market%20Committee,maximum%20employment%20and%20price%20stability.
It's all about building the right habiits, saving, budgeting, learning about asset allocation. It feels like you're moving in slow motion. Every investment seems small, and compounding takes forever to kick in. But once i hit that 100k mark, things just started compounding faster
Yes, your money starts working for you and honestly a lot of that came from having the right advisor. I can't emphasize enough how much having someone guide me made the difference. Credits to my FA Dianne Sarah Olson
I was in the exact same spot. Then i met Dianne Sarah Olson, she didn't just hand me a plan, she listened. She really understood where i was financially, and she helped me create an investment strategy that worked for me.. It wasn't about risky moves or quick wins, It was about sustainable growth. She showed me how to diversify, optimize for long-term gains, and protect my investments, all while keeping my risk low.
I did my due diligence on Dianne and it looks like she really knows her stuff. Found her online page and read through her resume, educational background, qualifications and it was really impressive.
According to the Federal Reserve "The Federal Open Market Committee (FOMC) judges that inflation of 2 percent over the longer run, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with the Federal Reserve’s mandate for maximum employment and price stability." www.federalreserve.gov/faqs/economy_14400.htm#:~:text=The%20Federal%20Open%20Market%20Committee,maximum%20employment%20and%20price%20stability.
The company I work for has been getting slower since June of 2023. Over 80 people have been pushed out the door either by them leaving or management finding a reason to walk them out. I think they have hired maybe 10 people this year. A few years ago they hired close to 50 every year for several years give or take.
Yes, some sectors of the economy have been shrinking for several months already. Now it looks like the overall GDP numbers will be impacted across even more sectors.
I will provide updates as I see trends or changes in trends. Generally it will be like watching a very slow train wreck that takes some time to clean up. Most people will be fine and long term it will be just a memory, but there may be some pain in the short term.
Thank you and I appreciate the support. I have a discord channel listed on the main channel page if you want to join it is free and we talk about business ideas, investments, and just random topics.
I am on discord a few nights a week usually from 8-11 pm eastern US time if you want to talk I do not charge anything to talk at this time, but if you want feel free to send a supper chat if you want. Discord link: discord.gg/T4KXrwghMg Disclosure: I am not a licensed financial advisor.
In the next couple of months, ill be coming into some money (300k) that I'm planning to invest. Should I wait until there is an upswing before I put it in the market?
You have no business managing 300k on your own if you’re here asking these types of questions. Go get a financial advisor. If not, go start reading some Graham for starters. The market is not a game, it’s serious thing for serious people.
"I'll be coming into some money..." is a scary phrase as won / unearned money is usually lost very quickly. I am not a licensed financial advisor and this is not personal advice. If I never invested in anything I would seek licensed fiduciary financial advisors and sit down and have a discussion and get multiple opinions first and pay per hour not percentage. I would not ever try to time the market and I currently invest using dollar cost averaging in the S&P500 and low cost funds the have assets that I understand and realize that all investments carry risk and can lose value. I would first put most of the money in FDIC accounts that earn ~5% interest while I learn more about investing (up to the FDIC limit currently $250,000 per bank and account type). There are so many details to understand there is no single quick answer to that question as time horizon and risk tolerance will vary person to person. Money that I do not have a use / need for in the next 10 years I invest in the S&P500 If I need it in 1-5 years it is in high yield CDs and savings. I also own businesses and real estate that I understand. If you want to talk I am in the discord channel listed in the contact / links on the main channel page from 8-11pm a few nights per week.
I probably used a poor choice of wording in my post - the money is from what I have saved over the years and invested into a house, which I am now selling. It's not an inheritance or winnings. I was thinking along the lines of investing it into 70% VGT/30% VXUS, long term so that sounds like it aligns with what you're recommending. But it may be a bad idea to wait and just invest when I have the money. Also makes sense what you guys are saying about a financial advisor, I'll see if I can talk with someone about it before I do it. Thanks for the advice!
Great videos! I really hope you keep posting because you get right to the point and make it easy to understand. Maybe you could make a video on what you’re investing in at this point in time (and during the future recession)?
Great suggestion! Simple answer in the mean time: I am dollar cost averaging $4,600 per month into the S&P500, I have 6 months plus of emergency savings (~$70k) in FDIC 5% 6-12 month CDs which I will roll into stocks during the recovery phase, have ~$20k in high yield savings, and I am paying off my house early. I have very minor holdings in bonds, gold, silver, etc. I invest my time in learning new skills to earn more money regardless of if there is a recession.
how are investments supposed to grow when the federal reserve is going to keep printing money? adding to the debt that is basically impossible to repay at this point? everything is going downhill fast
Look at history and see that when dollars went from $20 / gold ounce to $35 / gold ounce stocks went up significantly which was the similar as printing money / devaluing currency. Businesses ended up charging more for the same items and then made a higher dollar profit. Also, led to a high inflation rate. All investments carry risk and can lose value. Past performance does not guarantee future performance.
