Hey! I'm Tony and I'm thrifty with my money. Proud of it too! As a former software engineer at a hedge fund, this channel is an outlet for all of my personal financial decisions and a place where I can share my knowledge of investing, budgeting, and wealth building.
I recently looked at buying points for Southwest airlines at double points. Even at double points it was cheaper to buy a flight. It may depend on the flight as I only looked at a single flight scenario but paying with double points would have cost an extra $25.
Where I live (Sweden) everything is more expensive than the US in general, but grocery stores will swap an empty gas cannister for a full one for just $5-8. I think the soda stream ones cost more. Paying $15 for a replacement sounds like you're mostly paying for shipping. Stupid system imo.
I have ALDIs but I can’t be bothered to go 600m to the closest grocery store to buy heavy liquids when it comes out of my tap. Thrilled by my soda stream
Yo do u have another website to open a custodial account because I’m in Portugal and I can sign up because the phone number is 10 digits and Portugal’s number is 9 digita
To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@Michelle_Sanders561 You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
Excellent video. According to your numbers our household would start seeing a profit after 9 months. But the labor and regular supplies of cylinders is not attractive and so we will continue buying the lower cost products at Costco and Aldi.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
“NICOLE ANASTASIA PLUMLEE’’ 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.
Is it really 15,000 miles to fly from San Fran to Chicago? I Googled it and it says 2,129. Is a mile not really a mile-mile, but some other kind of mile?
No offense, but this is incredibly flawed. The one method you did not show, is by using a 5 lb CO2 canister, regulators, and old soda bottles. 6x as much C02 per refill (same price as a sodastream canister), you can use old soda bottles instead of buying sodastream bottles (20oz to 2L bottles), and the best part is you can strengthen the carbonation. A SodaStream is limited to 15 psi, where standard carbonation is closer to 30 to 60 psi. You can adjust this with your 5 lb CO2 canister, and adjust according to how strong you want it. Get seriously works out to fractions of a cent per bottle. If you were to compare this method, you would have a completely different end result. Look up diy carbonation methods on youtube with a 5lb cylinder. Seriously, it cost almost the same price as a sodastream, yet you get six times as much CO2 per bottle, you can make the carbonation stronger. Not to mention you can carbonate whatever you want, not just water. Ever thought of re carbonating a flat soda before? Well now you can with the setup I just described. I'd like to see you break down the cost if you included that option. Do a RU-vid search of DIY 5 lb water carbonation, you'll see how insanely inexpensive it can be done for. There's even a video that has a link to a keg store with all regulators and attachments included. And that cost just as much as a sodastream, with two bottles, one canister, and a bottle of flavoring. Yet it's fractions of a cent to carbonate a 20 oz bottle. There's no better way to do it, and this video is conclusion seriously would be completely different. You can have your CO2 canisters refilled anywhere you can go to buy paintball equipment. or anywhere they sell dry ice. This seriously is a game changer for me
@@Dxriz1worked for me. Retired at 50, about 65% of our assets are in ROTH IRA. Allows us to keep traditional IRA distributions in a nice low tax bracket (using 72t to avoid penalties) and supplement that with Roth contribution+conversion withdrawals. Keep plugging away and it can really work. Especially important if picking stocks to invest in companies you believe in otherwise during a downturn you’ll feel an unbearable pressure to sell at lows. Investing more aggressively in a roth is more beneficial cos the risk reward is more skewed toward getting a reward and keeping it all, plus you can get in and out of positions when you think the time is right instead of feeling trapped in a position cos of possible tax consequences. Good luck!
Sorry for the late reply and comments but I’m dealing with this issue right at this moment. One point I will make is it appears one can make sparkling water without buying a machine like SodaStream. Instead of thinking about water as the fluid to carbonate, think beer instead. Beer has been carbonated for hundreds of years. For the first several hundred years beer was only carbonated with the CO2 created by the fermentation process. No additional CO2 could be added so it was consumed as it came out of the keg. Towards the end of the US Civil War, refrigeration was catching on in companies that processed food. Beer producers now had a way to cool the beer and that resulted in the liquid beer to hold more carbonation than when it came to out of the keg. So now they could capture the by product of fermentation, CO2 filter it through carbon filters, compress it and put it into tanks for storage and transportation. So, draft beer from kegs could be shipped all over the country and world along with CO2. The beer was injected with CO2 at the point of sale so you now had fresh, cool, bubbly beer available anywhere. Moving to modern times we can carbonate water in our home. The magic is you don’t need a $100 machine to do it. We treat the water like beer. We buy CO2 in bulk defined as tanks of 5, 10, 15 or 20 pounds of CO2 at a time. You get a tank that holds the previously mentioned number of pounds of CO2. The tanks can be new, made of steel or aluminum (aluminum is lighter) new or used & recertified. Then add a pressure regulator for the CO2 tank and the vessel you will inject with water and CO2 such as a 2 liter soda bottle. The you need 10 to 20 feet of pressure hose and a few other pieces of hardware. Set up cost $75 to $175 for a CO2 tank, $55 to $85 for the regulator set, then $10 for hose and $40 for miscellaneous. A fresh tank of CO2 runs $20 to $40 a refill. A 20 pound tank of CO2 is equivalent of about 60 SodaStream canisters of CO2. If you own a SodaStream just buy an adapter put it on the rubber hose and lock the adapter in place of a SodaStream canister. Everything functions like it did except you spend money to fill your tank. My math says the tank refills is paid by saving the cost of about 4, CO2 canisters. CO2 is easy to get from taprooms, breweries, welding supply companies and companies similar to AirGas, Inc.
They are also constructed cheap and won't last more then 2 years let alone 7 years. I had to modify my soda stream many time to save me from buying a new one. This includes welding and replacing parts they DO NOT sell.
What if you are the one being paid in a foreign currency and need to convert it to your own to be usable elsewhere? Is it possible to avoid the fee there?
Salary increase in trades by job hoping also works well. In 2 years, I've worked at 6 companies. I'm already at $80,000+ a year. Guys who've been at the company's I worked were there for over 5 years and made 20 dollars. Also, lie on your resume. They don't do well to follow up.
Thank you for this video, Tony. I'm an avid sparkling water drinker and was considering the purchase of a Sodastream. I found it odd that there were so many "reviews" advocating for it's purchase but none broke down the actual costs involved like you did. I'm sticking to my weekly purchase of sparkling water.
Didn’t add the gasoline it takes and the wear and tear in your vehicle to get it it at Aldi’s and the manual labor it takes to carry it from the store to your car, your car or your home and the storage space it takes sitting in your home lol
Im retiring at 62, and collecting at 62. Hoping it covers the cost of medical insurance that is needed to cover myself and family. Since working and investing for so long, its all chump change anyway since my dividend income will be more than my current salary. To many wait to collect and keel over before they see a dime.....time value of money. Take it and invest if you dont really need it. I am.
CO2 bottles are only about 6 bucks here as a refill. I am an old man and don´t want to carry bulky water arround or pay 25c deposit per bottle and carry the plasic bottles back to the shop for refunds. Also, i will never run out of sparkling water.
If buying SodaStream replaces buying LaCroix, it's worth it. I pay 3.8 cents per oz for LaCroix at my grocery store. Of course I could get the store brand for less but I don't think it tastes quite as good. I bought the SodaStream for my gf who loves sparkling water lol, will be interesting how the taste compares to LaCroix
NOT CONSIDERED: In some states they tax aluminum cans. On the Aldi can then, at 24 cents a can, it is almost a 50% tax per can at 10 cents bringing your cost to 34 cents a can. That is, unless you are willing to both change your kitchen waste setup (having three waste cans 1 for trash, 1 for aluminum cans, and one for single stream recyclables) and take the time to return the cans...I am not willing. This aggressive and horrible tax changes things.
Let’s say a person’s social security would be $2,000 a month if he takes it at age 63. but he doesn't take it and it goes up 8%..so if at age 64 the amount would be $2,000 + 8%- or $2,160? And then if person waits until age 65 the monthly would be $2,160 + 8%- or $2,332?
Hi! I just moved to Houston, Tx from NYC and for the first time ever, I have to shop around for an energy provider. BIG difference from NYC, where your only option is ConEd (IYKYK). I have to say, this is the BEST video I have come across explaining KWH usage and the difference between fixed and variable options. THANK YOU!! 🙏🏼
I am very glad to find your video before I purchased any miles. However, is it better to buy miles for international flights? Let me know if you have suggestions, please.
