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97% of People ARE NOT MAKING ENOUGH MONEY! 

Michael Bordenaro
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We live in a world where 97% of peoples income is not keeping up with inflation. Yet were constantly being told daily that this is the greatest economy ever. I guess maybe only for 3% of people whose wages are actually outpacing inflation. What about the rest of us? Once again is this a sign of a strong economy? I don't think so...
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6 июл 2024

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Комментарии : 2,8 тыс.   
@MichaelBordenaro
@MichaelBordenaro 13 дней назад
CAUTION: They WILL NOT PAY YOU! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-AwOITtOdCao.html
@AnthonyManzio
@AnthonyManzio 13 дней назад
In Canada too.
@edge918
@edge918 13 дней назад
Michael!!! I'm so sorry about your toe Dear 😳 You do know you should be careful walking too much. I don't normally advise this but wear a sandal of some kind that won't squeeze your toe. As I've said before, my oldest son is an '87 baby. Just like you lol Be careful with your feet. Also, I have a video question for you. How did you learn all this invaluable information? I think you're amazing! You share all this economy information with us in all your videos!!! @lisithedogwalker the area you and Michael are staying is gorgeous 🩵💚💛🧡
@jimmyhoffa7935
@jimmyhoffa7935 13 дней назад
BIDENOMICS at work👆
@jul.escobar
@jul.escobar 13 дней назад
You are spot on my spiral started 2020 hit
@musictorelaxandunwind
@musictorelaxandunwind 13 дней назад
Try govt Bonds not stocks , brokarage fees and huge risk
@Riggsnic_co
@Riggsnic_co 3 дня назад
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@Jamessmith-12
@Jamessmith-12 3 дня назад
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
@JacquelinePerrira
@JacquelinePerrira 3 дня назад
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
@kevinmarten
@kevinmarten 3 дня назад
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
@JacquelinePerrira
@JacquelinePerrira 3 дня назад
She goes by ‘Carol Vivian Constable’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
@kevinmarten
@kevinmarten 3 дня назад
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
@Buginthemud
@Buginthemud 13 дней назад
Greed is rotting this Nation from it's inside out.
@robertmanley2687
@robertmanley2687 13 дней назад
Human nature never changes. It's like water seeking it's lowest level.
@joshuaburgess4730
@joshuaburgess4730 13 дней назад
Yup!​@@robertmanley2687
@joshuaburgess4730
@joshuaburgess4730 13 дней назад
Yup​@@robertmanley2687
@nicholasblakiston6297
@nicholasblakiston6297 13 дней назад
Greed will always exist, the problem is a political structure that allows the greedy to limit their competition and steal from the public through taxation and inflation.
@Valoric
@Valoric 13 дней назад
People have been trying to warn Americans that the USA was being looted for at least two to three decades.
@PremSteve-yg4de
@PremSteve-yg4de 11 дней назад
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
@fresnaygermain8180
@fresnaygermain8180 11 дней назад
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
@belobelonce35
@belobelonce35 11 дней назад
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
@yolanderiche7476
@yolanderiche7476 11 дней назад
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
@belobelonce35
@belobelonce35 11 дней назад
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Marissa Wolfe’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@valeriepierre9778
@valeriepierre9778 11 дней назад
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
@darnellcapriccioso
@darnellcapriccioso 11 дней назад
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@richardhudson1243
@richardhudson1243 11 дней назад
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
@tatianastarcic
@tatianastarcic 11 дней назад
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
@maiadazz
@maiadazz 11 дней назад
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
@tatianastarcic
@tatianastarcic 11 дней назад
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@ChadRoberts-x6i
@ChadRoberts-x6i 11 дней назад
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@Gokutrump
@Gokutrump 13 дней назад
The scary thing is that it’s going to get worse this year.
@markdc1145
@markdc1145 13 дней назад
Much, much worse. Just wait!
@deseosuho
@deseosuho 13 дней назад
Hard to imagine the business cycle bottoming any time in the next 18 months... these things play out over quite a few years. I'd say we're in the third inning of the ballgame.
@thetwosticks2479
@thetwosticks2479 13 дней назад
It is only going to get worse and worse. Stay tuned
@FJB2020LGB
@FJB2020LGB 13 дней назад
But it’ll be worse next year. There’s nothing trump can do to turn this around overnight. We’re going to feel the effects for years and years to come.
@BREEZYM6015
@BREEZYM6015 13 дней назад
I have a spare bedroom in my townhome in Las Vegas. Do you think I could rent it out for $800 a month?
@miscsilliness
@miscsilliness 13 дней назад
No beaurocrat or politician is ever held accountable for their role in this economic treason.
@MrSteeDoo
@MrSteeDoo 13 дней назад
Are you allowed to vote?
@divinelycreated4him
@divinelycreated4him 13 дней назад
@@MrSteeDoonobody that wants to fix things will actually get voted in. We get pre selected corporate puppets. Voting won’t save us.
@poodledaddles1091
@poodledaddles1091 13 дней назад
@@MrSteeDooyes, but only in your state, where the problem is NOT happening:)
@annmarie1689
@annmarie1689 13 дней назад
@@MrSteeDoo Like that matters. We have millions we have to support with taxs, anchor babies.
@droyal104
@droyal104 13 дней назад
All are accountable.
@Madridstrat
@Madridstrat 12 дней назад
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
@Duttonmuffins
@Duttonmuffins 12 дней назад
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
@Cottoncandyh
@Cottoncandyh 12 дней назад
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@Bunnydrille
@Bunnydrille 12 дней назад
Do you mind sharing info on the adviser who assisted you?
@Bunnydrille
@Bunnydrille 12 дней назад
Wow, her track record looks really good from what I found online.i just searched her name and messaged her and I also scheduled a call with her
@dan-qe1tb
@dan-qe1tb 9 дней назад
@@Duttonmuffins What's your point? I have all three: real estate, stocks, and cash.
@MartinGenius-p4p
@MartinGenius-p4p 12 дней назад
The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I could be.
@LynnBarnes-p6w
@LynnBarnes-p6w 12 дней назад
considered getting a certified expert in Wealth Management ? They could help optimize your investments.
@MartinGenius-p4p
@MartinGenius-p4p 12 дней назад
@@LynnBarnes-p6wHmm, who do you use?
@LynnBarnes-p6w
@LynnBarnes-p6w 12 дней назад
@@MartinGenius-p4p That's where experts like DESIREE RUTH HOFFMAN comes in.
@LynnBarnes-p6w
@LynnBarnes-p6w 12 дней назад
She’s so amazing her predictions and guidance helpful to many speculators during these turbulent times
@AngelaVest
@AngelaVest 12 дней назад
Ditto! I'm excited to hear about her success stories… I've actually had my mtg. cleared by following her guidelines calls.
@falconinflight6235
@falconinflight6235 13 дней назад
The government keeps printing money. The excessive amount of government employees living large lifestyles off of the taxpayers.
@networth00
@networth00 13 дней назад
THIS!
@kathleenscheidt9587
@kathleenscheidt9587 12 дней назад
The government employees I know are struggling just like everyone else
@chrisalley6282
@chrisalley6282 12 дней назад
Well, the government is not printing the money. The "federal reserve" is printing the money. The government is borrowing the printed money.
@Horatio1886build
@Horatio1886build 12 дней назад
@@networth00does that that represent the whole pie or a tomato to through at said worker?🙄
@networth00
@networth00 12 дней назад
@@Horatio1886build huh?
@jskaggs8188
@jskaggs8188 13 дней назад
I was working during the 1970’s inflation. I received bigger salary increases than people are getting now. It was not as bad as it is now. This is the worst I’ve seen in my 78 yrs.
13 дней назад
In the 70s the minimum wage was increasing every year...effecting all workers...your wages increased to move you in accordance with the minimum wage earners...
@joefer5360
@joefer5360 13 дней назад
$7.25. Today. Dear God, help us.
@mikesmith6461
@mikesmith6461 13 дней назад
Stick around
@cherylT321
@cherylT321 13 дней назад
Back then, companies still cared about their workers. From the 80’s onwards, greed started to creep in!
@realfreedom8932
@realfreedom8932 13 дней назад
Really, is it that bad? It's horrible for millennial like me
@hughesdonna
@hughesdonna 12 дней назад
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
@MariaLPerez930
@MariaLPerez930 12 дней назад
Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.
@KevinCollins-kg5hl
@KevinCollins-kg5hl 12 дней назад
I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.
@ronmorris7763
@ronmorris7763 12 дней назад
In my opinion, create a budget including income and expenses, do this with a financial advisor.
@ronmorris7763
@ronmorris7763 12 дней назад
Plan with a pro advsor for a successful retirement.i work with an advsor and generated over 1 5 0 %
@ronmorris7763
@ronmorris7763 12 дней назад
In 11 mnths with guidance.
@jonv14
@jonv14 12 дней назад
One thing no one talks about going up is the amount of fraud, identity theft, phone hijacking…bank accounts and personal information hijacks….
@tsrocks2029
@tsrocks2029 11 дней назад
I’m a cashier and I see that sooo many people have to keep their cards locked until they’re ready to pay for something. If they don’t lock it, random charges come out constantly. Cards are so much of a hassle, cash is much easier . This is so different than when I was a cashier a decade ago
@someoneout-there2165
@someoneout-there2165 4 дня назад
Done by people that can't pay their bills no less. 🤡
@quiltanon
@quiltanon 13 дней назад
Nothing at Macy's is worth that kind of debt
@handleyobusiness
@handleyobusiness 12 дней назад
As a Macy's fan I strongly agree. I wouldn't set foot in there if I was struggling with bills.
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
I am much offended at Macy's recent gender-confusion ads. And then they have some nerve to advertise more, after closing our local store. Why, how would I ever shop at Macy's? Probably overpriced for this sad economy anyway. I often bought clothes at thrift stores.
@aliensallaroundus1126
@aliensallaroundus1126 13 дней назад
IF WE DON'T GET RID OF THIS GOVERNMENT SOON WE ALL WILL BE HOMELESS AND STARVING
@bpb5541
@bpb5541 13 дней назад
Hahaha and the riots start. Bro you are pointing your anger at the wrong folks. Politicians do what they are told. May I recommend you think on that statement awhile. I will leave you with one of my favorite quotes: "it is not what we don't know that hurts us, it is what we believe to be true, that is false that does."
@jrgb9945
@jrgb9945 13 дней назад
True, but the reality is, this is beyond fixing.
@channel1_channel
@channel1_channel 13 дней назад
When Trump was in in 2020...the hyper insane money printing started up. We are paying the price for that today. Both parties are destroying America.
@Beastlife50
@Beastlife50 12 дней назад
​@jrgb9945 it's not there yet. We need a conservative America first agenda for the next 20 years.
@SalahP.Secondz
@SalahP.Secondz 12 дней назад
​@Beastlife50 I agree..but unfortunately it's 30 years too late. Ross Perot was the nation's last chance but unfortunately the masses of fools elected that saxophone playing womanizer in 92 and the rest is history
@sportsman4545
@sportsman4545 13 дней назад
When my grocery bill suddenly went from $300 to $500, I put the brakes on. It's taken me 1 year, increased shopping strategies and time involved, to get a system in place and successful. I'm down to $300 a week instead of $500. We barely eat meat. I stretch 1 pound that used to be a 3lb dinner. I make my own bread. I think twice before I pull it off the shelf to buy. I postpone basics until they are on sale, then I stock up. Zero impulse buys. I'm not poor, I just object to being scalped.
@networth00
@networth00 13 дней назад
I bet that homemade bread tastes amazing.
@stephanmarcouxdrums4877
@stephanmarcouxdrums4877 13 дней назад
All people here got mental issue, why do you type your own personnal stuff to random strangers? I don't give a damn about you all seriously, my problems are really enough, I don't need to be filled by yours, the invisible stranger that I will never meet or talk again in my life!!
@diedonner299
@diedonner299 13 дней назад
Nice attitude.
@networth00
@networth00 13 дней назад
@@stephanmarcouxdrums4877 Yet you're here talking to strangers LOL.
@jimcrawford3185
@jimcrawford3185 12 дней назад
Thanks for sharing your strategy, Sportsman I eat roadkill and do the big DD for meals (Dumpster Diving) It s not for everybody but l m planning on things getting worse, before they get much worse
@wesleyweber8488
@wesleyweber8488 13 дней назад
Everybody under the sun seems to think owning houses to rent is the easiest way to make money. I did it for a few years and there’s no way I’m hell I’d ever do it again
@truthseeker1959
@truthseeker1959 12 дней назад
Yeah, being a landlord sucks. Renters are TROUBLE.
@marckishkorn9101
@marckishkorn9101 12 дней назад
After the forbearance laws during covid, I can't believe anybody would be dumb enough to become a landlord
@perrytornado
@perrytornado 10 дней назад
They believe that renters are philanthropically giving back when they're paying exorbitantly high rental charges/ The supply is the demand/ Realtor corporations are federally licensed drug cartels/ All of this rampant conning is sanctioned by central bank industries/
@Mtnsandoceans
@Mtnsandoceans 10 дней назад
I was a private real estate investor got out on time definitely early but I don’t care about the money. My state of mind was more important .The person who made the comment is correct once you had to house people for free during Covid would’ve drove me insane unfortunately or fortunately my son has the perfect house to rent perfect interest rate , now your interest rate is the asset not the house .But I had to advise him no way ,another house that will not be for rent. I would never buy a house anytime soon. I am retired now,I had to understand the business of course but I have no idea what’s going to happen now or for how long. And I would guess as high as six out of 10 renters were nightmares. They cost me a lot of unnecessary money.
@wesleyweber8488
@wesleyweber8488 10 дней назад
@@Mtnsandoceans I wish I got out in time. I’m an idiot and bought my first house in 06 and was intending on living there for a while but things changed and after fixing it 4 times after renters I couldn’t take it anymore and ended selling at about an 80 percent loss. I sold it to my friend for $30k just to get rid of it then he sold it 3 years later for $90k I’m still fuming pissed about it.
@markdsm-5157
@markdsm-5157 13 дней назад
Inflation up. Profits up. Wages down. They told us to go into Stem and engineering. So people did. Now wages are going down. It's like we're living in the twilight zone.
@bubbathekid7014
@bubbathekid7014 13 дней назад
Our firm is hiring MEP engineers with Revit and cad skills. Electrical experience a bonus.
@MereAYT
@MereAYT 13 дней назад
STEM has been laying people off like mad, and the statistics are hidden by the creation and filling of a ton of low-wage and part-time jobs that don't cover the sky-high cost of living. Artists, meanwhile, have it worse than ever as people can't afford discretionary items like art, and AI is being used to generate content.
@cockyhemi-123
@cockyhemi-123 13 дней назад
I don’t listen when people tell me what field to get into. I forged my own path.
@chancepaladin
@chancepaladin 13 дней назад
stem was fine if you got in on time, but it's way too late now sadly for most
@AssetAddict
@AssetAddict 13 дней назад
Same can be said about many careers my boy. Don't cry about it, learn to use the system.
@PP-uv1kw
@PP-uv1kw 13 дней назад
THE PROBLEM IS THE GOVERNMENT
@networth00
@networth00 13 дней назад
Say it LOUDER for the people in the back. You are SPOT ON.
@diedonner299
@diedonner299 13 дней назад
Thank you.
@lucialuciferion6720
@lucialuciferion6720 13 дней назад
True, and worst of all is that this is all by design : agenda2021/agenda2030 following the world economic forums plans for us: 'you will own nothing and be happy '.
@wallybates9079
@wallybates9079 12 дней назад
We had a felon as President t .
@MrJohnnyDistortion
@MrJohnnyDistortion 12 дней назад
​@@networth00 "The Fed is your problem" - some guy called Trump.
@cancel.lgbtq.6892
@cancel.lgbtq.6892 11 дней назад
I work for MGM corporation. They made $1.1 Billions in profit for 2023. Guess how much raise I got from them ? $0.40 is what they gave me while CEO and executives are raking in millions for themselves. We get no bonus at the end of the year. All we got was lousy Christmas party with shittiest food they can serve you. Food for employees that I wouldn't feed my dogs with it. I just go to work put in 8 hours , do the least as possible , collect my checks and go home.
@Giggiyygoo
@Giggiyygoo 12 дней назад
19 years ago I was making 75k a year and never worried about money at all. Today I make 85k and am struggling hard and cut back to bare bones spending. I absolutely refuse to go into any kind of debt.
@mtmg3648
@mtmg3648 11 дней назад
SMART. Me, too.
@drakozozhaeternus2840
@drakozozhaeternus2840 8 дней назад
You live in America - our currency is debt, our nation is fundamentally built on debt.
@rumpstatefiasco
@rumpstatefiasco 13 дней назад
“Less able to afford a vacation?” What’s a vacation?
@jimcrawford3185
@jimcrawford3185 13 дней назад
Watching RU-vid vids
@Singlesix6
@Singlesix6 13 дней назад
@@jimcrawford3185 You leave home for a couple of days to take a break from the bill collectors.
@sl123sl
@sl123sl 12 дней назад
What's a border ?
@Mike-sr6gd
@Mike-sr6gd 12 дней назад
Ive been working construction full time since 2005 and maybe had one vacation since then.. maybe
@ozanozkirmizi47
@ozanozkirmizi47 12 дней назад
Dear friend @@Mike-sr6gd 😥
@eddym5532
@eddym5532 13 дней назад
The three bsics elements in life is health, food, and shelter. If one of those is missing we are in huge trouble.
@juvawaveredlighttherapy
@juvawaveredlighttherapy 13 дней назад
Water first . No water no life.
@parthn-musicforwork4789
@parthn-musicforwork4789 13 дней назад
Exactly, today it seems like all people including highly qualified professionals are working like crazy just to obtain food and shelter lol
@sci-fi.tsunami
@sci-fi.tsunami 12 дней назад
God made it so we cannot survive without water, food & oxygen. Man added money to the list. Unnatural, artificial money. We should never have allowed it.
@alittleofthisandthat8003
@alittleofthisandthat8003 12 дней назад
Bought a rv and sold it all, done with this rat race. Life is way to short to play this game, Want to leave the country if I can get family to go. Everything is to far gone here and has been going this way for a long time. It's not just money, our health care is unaffordable and they just pass us around and don't help very much. Also we don't have real food in this country, not sure what it is. The basics of what we need for life is being eroded day by day.
@rebeccaburgess5333
@rebeccaburgess5333 7 дней назад
@@alittleofthisandthat8003 Well said
@christians131
@christians131 13 дней назад
This generation just needs to work harder and pull themselves up by their bootstraps. Since Covid, I canceled my Netflix subscription, started making coffee at home, and I used the money I saved for a down payment on a happy meal
@brianmatthews9697
@brianmatthews9697 12 дней назад
Down payment on a happy meal, very good.
@mohhingman
@mohhingman 12 дней назад
Hahaha love the sarcasm
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
@@brianmatthews9697 Whatever happened to that McD dollar menu? Why should we even set foot in some of those price-gouging restaurants owned by greedy corporations? Because the CEO needs yet another vacation house?
@xbirdsofparadise
@xbirdsofparadise 11 дней назад
We can't afford bootstraps, nor does anyone have the energy to pull themselves up with everyone having two jobs to survive
@yosefmacgruber1920
@yosefmacgruber1920 11 дней назад
@@xbirdsofparadise Time to move to a more civilized country?
@jasminecrandall2262
@jasminecrandall2262 13 дней назад
Things are going to get worse folks. I’m not sure what’s the right thing to do anymore, but I do know it’s not the right time to buy luxury items or get into unnecessary debt.
@rudolphsmith1022
@rudolphsmith1022 13 дней назад
Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10 :10, John 3:16-17, Mark 8:36, Hosea 4:6, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
@AcornHillHomestead
@AcornHillHomestead 13 дней назад
Those two things you mention not to do ARE ALWAYS the right thing to do. Being conservative is a must. People just don’t get it and are ignorant of managing their money.
@blackworldtraveler3711
@blackworldtraveler3711 12 дней назад
Many of you post like you’re used to debt and spending money you don’t have with bad financial habits. I’ve always proactive,lived debt free and within means,saved,invested,etc.. I plan to travel more.
@sicsempertyrannis4104
@sicsempertyrannis4104 10 дней назад
Minimize taxable contributions
@esflyfree7231
@esflyfree7231 13 дней назад
It’s bad… prices of EVERYTHING are out of control. Food at the grocery store, forget eating out, gasoline, car, home insurance, utilities, medical coverage, when is it all going to STOP? God Help US!! 🙏
@recabitejehonadab2654
@recabitejehonadab2654 13 дней назад
It will not stop , not for a long time. Perhaps decades.
@stinkincooldesigns8469
@stinkincooldesigns8469 13 дней назад
exactly, its $75 for myself, wife and daughter to eat at a restaurant these days. That's just ordering food and a soda and leaving a tip.
@quiltanon
@quiltanon 13 дней назад
It will stop when people stop voting for crooked politicians
@huemann7637
@huemann7637 13 дней назад
@@stinkincooldesigns8469wait until you guys get a bunch of chronic health problems from drinking sodas. That’s gonna be expensive!
@MegaTamarra
@MegaTamarra 13 дней назад
@@stinkincooldesigns8469and it’s just as expensive to buy and prepare your own food.
@jefftri
@jefftri 13 дней назад
14:00, If Macy's is charging 34.49% APR for credit cards then they deserve to go bankrupt.
@pauladam8918
@pauladam8918 12 дней назад
Lowes is charging this too now corporate greed at its finest
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
At what point is it "usury"?
@chrisalley6282
@chrisalley6282 12 дней назад
@@yosefmacgruber1920 I consider it usury at 0.0000000000%
@novadhd
@novadhd 11 дней назад
they are just trying to make up for slow sales. Bleeding dry existing customers
@deadliftsfordays5364
@deadliftsfordays5364 10 дней назад
​@@yosefmacgruber1920it's always been usury
@ladycactus110
@ladycactus110 13 дней назад
Salaries are one thing, but not even having a job or career because everything has been outsourced overseas or to AI is the real minefield.
@laqutis
@laqutis 13 дней назад
If I didn't own my house outright, my life would be a lot harder.
@robertmanley2687
@robertmanley2687 13 дней назад
Amen.
@gregdean8441
@gregdean8441 13 дней назад
Absolutely.
@BREEZYM6015
@BREEZYM6015 13 дней назад
How much do you think your mortgage payment would be?
@Mikefngarage
@Mikefngarage 13 дней назад
IN CA....I dont know what I would do if I were not in that situation. (probably have to leave)
@rockpadstudios
@rockpadstudios 13 дней назад
I got lucky and found a cheap house at 3%, if I had to retire and buy a house now it wouldn't be an option now. I'm so lucky a toxic manager at my previous company made me move out of CA and buy a house in the Midwest before prices even went more crazy.
@dannynocon2748
@dannynocon2748 13 дней назад
Spending trillions of printed money
@charrua59
@charrua59 12 дней назад
Inflation hitting all countries. Probably cause all printed dollar connected to Oil
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
The evil politicians fund the wrong things, enlarge government bloat, and then they want austerity in making the hard workers broke. The Fed should not even exist. Unconstitutional very much. Savers should set the interest rates, not filthy-rich elitists who are probably or perhaps even Satanists. Why do they send money to Ukraine and illegals? Because they hate us?
@malcolmliang
@malcolmliang 13 дней назад
I took a taxi from airport home, it was a whooping $100 (one way), it used to be $45 before the giga coof print. Shutting down economy over a sneeze and print money was where things started to really go downhill.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
Dang
@googleuser868
@googleuser868 12 дней назад
Too Big Too Fail bankster bailouts was the wake up call.
@joeimj6203
@joeimj6203 12 дней назад
Yea! Was in Brooklyn, NYC this weekend. Uber was 100 bucks from LaGuardia to hotel in Brooklyn. There were a bunch of folks at the airport claiming they could take me there for cash money. I was too scared to try it, lol!
@mtebor
@mtebor 11 дней назад
All by design
@mtmg3648
@mtmg3648 11 дней назад
ALL BY DESIGN. This was a coordinated effort and those of us with eyes saw what was coming.
@sunso1991
@sunso1991 13 дней назад
When engineers are lossing, you know the country is seriously messed up. Engineering is applied science. Adding tremendous value to every single industry by sovling real problems and streamline solutions. I wouldnt be surprised to see foreign born engineers to move back home
@thephotochad
@thephotochad 13 дней назад
It's 97% now. Eventually, it'll be 99% who are not making enough money.
@josefj1776
@josefj1776 13 дней назад
I love the fake title. It just creates more and more myths
@peartfaldo
@peartfaldo 13 дней назад
yep. the libs are getting their way. then they can save the day with more govt while they live in one of their houses....
@cockyhemi-123
@cockyhemi-123 13 дней назад
Well, seeing as the Federal Reserve note phony dollar has lost 99% of its purchasing power, it all makes sense.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
I don't know when will people learn, we are just trying to keep up, or paddle against the tidal wave! S.m.h
@WilsonBrown144
@WilsonBrown144 13 дней назад
Probably already is at 99%, I hope y'all realize the inflation numbers are very rigged. Real inflation is higher than what they admit.
@burp9157
@burp9157 13 дней назад
Its insane how far this has all gone so far
@Evilslayer73
@Evilslayer73 13 дней назад
the great depression is coming Edward Dowd was right...
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
Ppffffftt, because people all tolerated it all to get this far.... President John F. Kennedy tried to abolish the problem, but he went to Dallas, TX, and never came back.
@networth00
@networth00 13 дней назад
... in such a short period of time.
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
Because we won't arrest traitor Democrats.
@shanejones578
@shanejones578 11 дней назад
@@analyticalhabitrails98573 letter organizations have officially destroyed their own nations.
@andyhughes1776
@andyhughes1776 13 дней назад
Meanwhile, the U.S. Dollar is about to crash due to de-dollarization efforts around the world. This is not just a run-of-the-mill Recession or even a Depression. We are facing the end of U.S. global dominance.
@mtmg3648
@mtmg3648 11 дней назад
BAM! And the BRICS have officially surpassed us in GDP. And other countries are joining the BRICS. WE are toast. Hang on. Get land, grow your food, learn agriculture and plumbing, surround yourself with a supportive community, family and friends. The best people I knew from Wall Street (I live in NYC) told me this YEARS ago.
@silverbear4312
@silverbear4312 13 дней назад
Why is it so hard to get a job? Work PT and they are cutting hours. Never worked so hard to find work. Craziest thing ever.
@patriciamay6396
@patriciamay6396 13 дней назад
I notice that only Costco is busy all the time. Department stores like Nordstrom, Kohls and Macy’s are mostly empty. I think more retail failures will happen in the near future
@genxx2724
@genxx2724 13 дней назад
Department stores’ clothing departments have been poorly stocked for years now. Basically they’re used as a return hub for things people bought online.
@mikesmith6461
@mikesmith6461 13 дней назад
65. Costly membership. No thx.
@richardpace5809
@richardpace5809 13 дней назад
Yes. I had a kohl's gift card and went in there a couple days ago. The parking lot was practically empty. You could count the amount of people with your fingers. To say it was dead in there much like sears felt before they went under was an understatement.
@dharmajoy938
@dharmajoy938 13 дней назад
Kohls merchandising has fallen. Target is sickening to be in. Costco is one stop shop.
@NoDaysOff-oz2zl
@NoDaysOff-oz2zl 13 дней назад
Everybody in Costco is a robot on a phone.
@user-dm4ld5vu2j
@user-dm4ld5vu2j 13 дней назад
As a a certified automotive technician I love to hear that the do nothing positions are going down. Nothing makes me more mad knowing that the person that actually does the work makes the least. Boycott corporate America.✊
@christineblaszczyk1602
@christineblaszczyk1602 13 дней назад
We will have no choice, our buying power is in the toilet.
@huemann7637
@huemann7637 13 дней назад
Plumber and licensed irrigator here. Unfortunately we depend on all these do nothing rich people to keep paying us to do work at their mansions and fix their $150k cars.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
Its the people vs the PRIVATE, MEGA-CORPORATIONS.
@fraudsarentfriends4717
@fraudsarentfriends4717 13 дней назад
@@huemann7637 We survived just fine without big corrupt banks and extremely wealthy do nothing monopoly guys. Nobody is really that dependent on them.
@RivIrie
@RivIrie 13 дней назад
Electrician here, same for sure
@Network126
@Network126 13 дней назад
I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in. I'm going crazy waking up in different parking lots everyday, all alone.
@realfreedom8932
@realfreedom8932 13 дней назад
Stay strong, it will pass
@Network126
@Network126 13 дней назад
@@realfreedom8932 I sure hope so... People have been telling me that stuff for years, as my life progressively just gets worse and worse...
@Mc.flyyy11
@Mc.flyyy11 13 дней назад
Yet you are commenting on a RU-vid video complaining about your circumstances. Should be busy working and hustling
@Network126
@Network126 13 дней назад
@@Mc.flyyy11 I already work dude... How do you think I pay for my phone bill and car insurance and gym membership for showers? I actually work and pay bills and contribute to society dude. I just can't afford overpriced housing.
@Network126
@Network126 13 дней назад
@@Mc.flyyy11 I literally make vlogs about how I'm working and surviving out here like this.
@cheftomsd
@cheftomsd 13 дней назад
Years ago companies had defined retirements and then switched to 401k's which saved then millions. The pressure was on driven by Wall Street to grow these investments. Profits had to increase year after year or the CEO's job was on the line. Endless pressure, mega mergers, offshore the labor, shrink the package sizes, endless price increases, all in the endless quest for bigger profits. Guess who was the loser? Consumers who have never been able to keep up.
@nickwilkinson7728
@nickwilkinson7728 13 дней назад
I was in a craft store the other day, of the five people working there at the time,, they had all been retired but had to go back to work because they couldn't afford to stay retired.
@tonygarcia2591
@tonygarcia2591 13 дней назад
What's 1100 a month ssi gonna do? Buy 3 weeks of groceries bout it
@daleolson3506
@daleolson3506 13 дней назад
And they know how to work
@veraruffin3950
@veraruffin3950 13 дней назад
That’s why you should just stay at your job until you know your money is right.
@juanvaldez7279
@juanvaldez7279 13 дней назад
Sounds like they didn't save and plan for their retirement ahead of time.
@tonygarcia2591
@tonygarcia2591 13 дней назад
@@veraruffin3950 millenials will need 4 million in the bank to retire Gen Z will need 10 million. GL getting your worthless devalued dollars up playa.
@CalvinMorris-cf8jk
@CalvinMorris-cf8jk 13 дней назад
I live in the Bay Area calif I am starting to see more and more very old people living in their cars so I know for sure people are struggling to get by. very sad it has come to this. crazy crazy stuff man.
@recabitejehonadab2654
@recabitejehonadab2654 13 дней назад
Sad😢.
@mariocondello2353
@mariocondello2353 13 дней назад
I'm in the 3%, where I'm absolutely balling but I try not to lose touch with reality by staying tuned into channels like this.
@JoesIceCreamCone
@JoesIceCreamCone 13 дней назад
Good for you man. Curious what business vertical are you in?
@jodrhh
@jodrhh 13 дней назад
Hug your family and tell them you loved them tonight. Hard times are coming ahead and you’ll likely lose everything you own. Sending prayers 🙏
@Kuulei265
@Kuulei265 13 дней назад
34.49% on a credit card? Good grief. There is NOTHING I could need that badly to pay that percentage rate No wonder Macy’s is having issues.
@maximussilverstacker3928
@maximussilverstacker3928 13 дней назад
They can charge whatever they want as long as you agree to it
@droyal104
@droyal104 13 дней назад
That kind of rates used to be charged by what was called loan sharks, con artists not so long ago ..
@Kuulei265
@Kuulei265 13 дней назад
@@droyal104 There is a term called “usury,” that fits this example perfectly.
@cherylT321
@cherylT321 13 дней назад
My friend has a Macy’s card; she told me how they sent her a letter saying it was going up to that! I said cut that card up! She said she’ll use it for that small discount they give customers, then she said she’ll pay it off right away!
@maximussilverstacker3928
@maximussilverstacker3928 13 дней назад
@@cherylT321 it’s ok if you pay it off monthly
@JohnSmith-zi9or
@JohnSmith-zi9or 13 дней назад
As long as the government keeps spending more money than it budgets, inflation will continue. We don't have a taxation problem in America. We have a government spending problem. And inflation screws you two ways. The traditional way, you dollar buys less. The second way, as you "make more" to keep the same standard of living, your higher income puts you in a higher income bracket and you get to pay more taxes.
@Ziegfried82
@Ziegfried82 13 дней назад
Agreed! Too many people can't seem to understand this basic concept. And the average voter doesn't have the willpower to sacrifice.
@penniesfromheaven2511
@penniesfromheaven2511 13 дней назад
Inflation actually screws you 3 ways- the third being that you’re paying more sales tax on said higher priced items.
@Laney_75
@Laney_75 13 дней назад
Much of the inflation seems to be greed from big companies. It's a highly concentrated market, it's controlled quite easily. Then lobby Congress. Average folks don't stand much of a chance. Some more tax cuts for the super wealthy, deficit goes up.
@googleuser868
@googleuser868 12 дней назад
​@@penniesfromheaven2511And the rate has went from 2 percent in Indiana to 7 percent over the years plus an extra 1 or 2 percent for local sales tax in some areas on those higher prices. Things are a lot worse than the tax on tea!
@ScottishTerrorsInLA
@ScottishTerrorsInLA 12 дней назад
I don’t know, I don’t think voters are looking at politicians’ fiscal policies when they vote, they’re looking at their stance on abortion and Christian vs liberal values ie meaningless shit when it comes to running the country.
@wespotter6985
@wespotter6985 13 дней назад
Real estate agent should work on an hourly rate like a lawyer.This commission percentage is a scam and the sooner it goes away , the better
@Vezvein
@Vezvein 9 дней назад
1 Thessalonians 4:17 - Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord. Luke 17:34-37 - I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left. 1 Thessalonians 4:16 - For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first: Revelation 3:10 - Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth. Mark 13:32 - But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father. Matthew 24:29-31 - Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken: 1 Corinthians 15:52 - In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed. Daniel 12:1-2 - And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book. 1 Thessalonians 5:9 - For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ, Matthew 24:31 - And he shall send his angels with a great sound of a trumpet, and they shall gather together his elect from the four winds, from one end of heaven to the other. Luke 12:40 - Be ye therefore ready also: for the Son of man cometh at an hour when ye think not. Romans 10:9 - That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. Revelation 20:2-5 - And he laid hold on the dragon, that old serpent, which is the Devil, and Satan, and bound him a thousand years, 1 Thessalonians 5:2 - For yourselves know perfectly that the day of the Lord so cometh as a thief in the night. Matthew 24:42 - Watch therefore: for ye know not what hour your Lord doth come. Luke 17:34 - I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left. 2 Thessalonians 2:3-7 - Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition; Mark 13:32-37 - But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father. Matthew 24:27 - For as the lightning cometh out of the east, and shineth even unto the west; so shall also the coming of the Son of man be.
@crunchfishgames8245
@crunchfishgames8245 13 дней назад
Before the revolutionary war, in the colonies, taxes were a fraction of 1%. Today taxes are as high as 37%. We are well past time for a change.
@zionismisterrorism8716
@zionismisterrorism8716 13 дней назад
We are already in a recession.
@BenHeckHacks
@BenHeckHacks 13 дней назад
Yup. Have been for years, and I think it became a depression last fall.
@NoDaysOff-oz2zl
@NoDaysOff-oz2zl 13 дней назад
"President" Biden just signed the "Don't Say Recession" bill into law.
@user-wf4ls8zx3r
@user-wf4ls8zx3r 13 дней назад
Maybe even in a silent depression :(
@marklane870
@marklane870 12 дней назад
Definitely depression
@ginadefeo4730
@ginadefeo4730 10 дней назад
Depression
@commonsense5741
@commonsense5741 13 дней назад
Inflation started when the U S went off the gold standard and the currency was then backed by the price of oil.
@Evilslayer73
@Evilslayer73 13 дней назад
An Saudi just ditch the american dollar for the BRICS it's not good....
@cassandrawright-mq5kp
@cassandrawright-mq5kp 13 дней назад
You're correct: Tricky Dicky, Richard Nixon took us off the Gold Standard. We can also thank Nixon for signing a bill transforming The Health Care Profession, into the Health Care Industry.
@BREEZYM6015
@BREEZYM6015 13 дней назад
What year or years did it start?
@greendesertgoddess
@greendesertgoddess 13 дней назад
More than 50 years ago!
@greendesertgoddess
@greendesertgoddess 13 дней назад
​@@BREEZYM6015'71 or '72!
@nealremy6635
@nealremy6635 12 дней назад
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@AnthonyKilgore-u7r
@AnthonyKilgore-u7r 12 дней назад
It is important to have an organized plan and avoid making impulsive decisions based on short-term market swings. Patience and a long-term view are essential. You should consult with a market professional.
@veronaconley1953
@veronaconley1953 12 дней назад
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@nealremy6635
@nealremy6635 12 дней назад
I could really use the expertise of this advsors.
@veronaconley1953
@veronaconley1953 12 дней назад
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@nealremy6635
@nealremy6635 12 дней назад
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@350zLeMans
@350zLeMans 13 дней назад
Car payments and housing too much for most of us
@altgraymedia3655
@altgraymedia3655 13 дней назад
I remember talking with my high school math teacher, who was then trying to teach about compounding interest and such, that inflation will just make all the money I saved up worthless anyway. I don’t think I was too far off the mark. A six-figure income is becoming minimum wage.
@chrismash6265
@chrismash6265 13 дней назад
and most people don't make that.
@hurryandleave9680
@hurryandleave9680 12 дней назад
The economy was good from 1950 to 1974. It has been bad for most people ever since then.
@dreadpirates_
@dreadpirates_ 12 дней назад
Yet corporations are posting record profits ..... congress needs to get their shit together
@truthseeker1959
@truthseeker1959 12 дней назад
Why? They’re fat and happy and won’t rock the boat.
@shanejones578
@shanejones578 11 дней назад
Or more laws… 😂
@rodgerpetrick6502
@rodgerpetrick6502 13 дней назад
This is why I haven't gone anywhere for vacation
@dantheman6607
@dantheman6607 13 дней назад
I went to Australia and Canada fun times
@nikosolikos
@nikosolikos 12 дней назад
Why don’t you live on vacation? Work half the year, live in XYZ country the other 6. I can live at the beach in any South American country for 5k for 6 months.
@yosefmacgruber1920
@yosefmacgruber1920 12 дней назад
Just leave the has-been Western old and dying countries. They are hardly family-friendly anymore.
@gertrudewest4535
@gertrudewest4535 13 дней назад
My auto insurance went up again this month! My electric bill went up over 35%, even though they claimed there would only be a 15% raise. Food, used cars and rents continue to rise in Tucson, Arizona.
@recabitejehonadab2654
@recabitejehonadab2654 13 дней назад
Not to worry, Bidens got this!
@Feastwillow
@Feastwillow 13 дней назад
@@recabitejehonadab2654 Guess what? As an non american I'll tell you right now if he leaves at the election you'll be in the exact same shit whoever wins. This is not a problem that is strictly happening to America, it's all the Western Countries and guess what? They all have different political parties elected but same results? Come back in 6 months to this comment prove me wrong lol
@Aubury
@Aubury 12 дней назад
The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. Trickle down is more a term for Incontinence, than a just economic system. Insatiable greed can never be satisfied with finite resources of a single planet, despoiled by corporate carnivores .
@djrickyb
@djrickyb 13 дней назад
My Nephew got into an apartment for $1,350 a month 1 year ago. He got help from the county on reducing the rent because he and his GF has 2 toddler kids, and they were homeless.. Well, he just got a statement saying that the new rent will be $2,200 a month for the new lease. The place isn't even worth $1350 imo, and $2200 is highway robbery. He is waitng to hear if there is anything the county can do for them before they have to move out.
@ehawk30
@ehawk30 12 дней назад
wow... that sucks... I hope he doesn't snap and start doing crazy stuff.... it's all good, the new millions of refugees are getting checks from the government to spend on the economy LMAO...
@timothyhobbs5256
@timothyhobbs5256 13 дней назад
Yeah as a controls engineer, making between a salary range of 95k to 115K, feels like it doesnt go as far as it used to when i was a kid. As a kid making 100K was like big money.
@brianmatthews9697
@brianmatthews9697 12 дней назад
When I was a kid, 1960's a 100K house was a almost a mansion.
@3beltwesty
@3beltwesty 12 дней назад
Total Nonsense. You just need to move your poles and zeros. What plane are they on? lost a root in your model.. left out the beer and 🍕 pizza variables.. Have the gain higher if possible Vote for the Laplace/Bode ticket ? Or Vote for Locus/Nyquist?? Your goal is see whom is stable. Break our the 35670A or 3562a or 3582a?
@Thomas63r2
@Thomas63r2 13 дней назад
You are waiting for the stock market to go down - but you worry that if you buy stocks that they will continue going down, maybe for the next decade. I think the best way for the average person to deal with inflation and wages that aren't keeping up is to get off the finance train. Stop financing. Stop carrying a balance on credit cards. Keep your car after is paid off, then don't buy another car until you can buy it outright. Most people have no idea the impact of interest and finance charges on their life. Stop buying collectibles and junk. Stop buying big expensive houses just because the bank will give you a loan. Do live below your means, buy quality and usefulness.
@stonesfan285
@stonesfan285 13 дней назад
This is what I do. I have an 8 year old car, paid off, only debt I have is my mortgage and I have a credit card through my bank that I only use for gasoline and oil changes for my car. 90% of my paycheck every two weeks goes into my savings. I realized I am spending way too much money and if I cut most my spending I can put some serious cash away. The only luxury items I really get is Blu-ray movies (this is my hobby that I do when not working) and I am looking to just give this up all together.
@Thomas63r2
@Thomas63r2 13 дней назад
@@stonesfan285 ​ @stonesfan285 Good for you. I am blessed to be a healthy young senior with my house and cars paid for. My step father grew up running his family's dairy farm, so through him I learned how to fix and maintain everything! I have my own home shop and I do almost all my cars repairs and maintenance. Another thing that my step dad taught me: frequent oil changes are a lot easier than overhauling a car's engine or transmission. Some people tell me I change oil too often, but this works for me: engine oil and filter every 2,500 miles, transmission service every 25,000 miles, differential service every 50,000 miles - its essentially a heavy fleet service schedule. I also buy my oil and filters in bulk, and since I'm doing my own work its not really that costly.
@zorrosword123
@zorrosword123 12 дней назад
Ah-hem... that might be " anti-semitic™ "
@Thomas63r2
@Thomas63r2 12 дней назад
@@zorrosword123 That is a tired trope, please stop.
@stonesfan285
@stonesfan285 12 дней назад
@@zorrosword123 He said nothing anti-semitic.
@Excalibur2
@Excalibur2 12 дней назад
People just keep flooding the country. Everyone likes to joke and act like it isn't hurting us, but it is. We're all competing and now things are just more competitive.
@SAHtoshiDude
@SAHtoshiDude 12 дней назад
I work in the auto industry. The number of just absolute junkers being brought in for repairs is crazy. Cars that have been under trees for years are being “fixed” up. And new cars are breaking in ways even the dealers can figure out, damned if you buy new damned if you don’t.
@robertgaritano7718
@robertgaritano7718 13 дней назад
The decline of the US dollar started when Nixon took the value of gold from the dollar in 1971. The Unilateral cancellation of the direct convertibility of the US dollar to gold.
@michaelroth4236
@michaelroth4236 13 дней назад
The more I make, the less it's worth. How the hell am I ever going to get ahead?
@deep6301
@deep6301 13 дней назад
Not sure getting ahead is in the cards now. Just hang tough.
@jillscarborough2087
@jillscarborough2087 13 дней назад
Move into a van!
@quiltanon
@quiltanon 13 дней назад
You get ahead by living on less than you earn....create a budget and spend accordingly. It's not fun, but it works. Adulting is tough
@huemann7637
@huemann7637 13 дней назад
@@quiltanonif the current mathematical trend continues nobody will be able to afford to do that. It’s not complicated.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
Well, had people gone back to the gold standard, that "president" nixon took us off FIFTY YEARS AGO, this nightmare would've never gotten this far at all!! But nooooooooooo, people tolerate it, and allowed to get it this far. It doesn't take a rocket genuise to figure sh£t out.
@Random-rt5ec
@Random-rt5ec 13 дней назад
Retired back in 2016 today I am working 40 hrs/week to make ends meet. Homeowners and auto insurance increases are wicked painful
@greeyyggg
@greeyyggg 13 дней назад
After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?
@wineski
@wineski 13 дней назад
I don.t really know your risk tolerance or asset allocation, sounds like just bad stock picking. Also unclear if you have an advisor providing value via financial planning or other decision making. But likely scenario is just bad stock picks. Index funds, Etfs and chill
@GeorgeNN
@GeorgeNN 13 дней назад
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.
@greeyyggg
@greeyyggg 13 дней назад
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
@GeorgeNN
@GeorgeNN 13 дней назад
Amber Kay Wright is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@greeyyggg
@greeyyggg 13 дней назад
Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info
@tizzx4945
@tizzx4945 13 дней назад
One thing I noticed since Michael isn't in Miami, is that we don't get the leaf blower as much to hear !😅
@robertmanley2687
@robertmanley2687 13 дней назад
I miss a 130 decibels in the background
@coyoteheartdestinythesylph5902
@coyoteheartdestinythesylph5902 13 дней назад
Where does he live now...ots still Fl correct-
@BREEZYM6015
@BREEZYM6015 13 дней назад
​@@coyoteheartdestinythesylph5902He's visiting California for the summer.
@truthseeker1959
@truthseeker1959 13 дней назад
@@coyoteheartdestinythesylph5902Florida in winter, California in summer. He stopped in Illinois for his sister’s wedding.
@Lisithedogwalker
@Lisithedogwalker 13 дней назад
@@truthseeker1959You know it!!🙌❤️😎
@KevinCahoon-nc1sm
@KevinCahoon-nc1sm 13 дней назад
The problem now is, money isnt worth much.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
That unless we ourselves head back to the gold standard, this is a controlled demolition. Currency destruction as designed.
@celebratecrypto3693
@celebratecrypto3693 10 дней назад
100k today is worth what 50k was worth in 2018 that’s how bad the inflation is. The whole 3-7% inflation is the biggest lie ever. Plus prices are going up on food and gas so 100k 5 years ago would be equal to like 250k now that’s how bad it is
@brontoab1
@brontoab1 12 дней назад
As a mechanical engineer for over 20 years, I can attest to the fact that our salaries are growing nowhere close to keeping up with inflation. We keep losing money. It sucks! It took 15 to 17 years to hit the 100k salary mark and I have a ton of additional education to keep at the top of my game. Now I can feel things moving backwards due to inflation.
@thomasd8888
@thomasd8888 13 дней назад
34.49% APR? That's freaking criminal...
@Singlesix6
@Singlesix6 8 дней назад
Criminal is paying that rate. Move the debt to something cheaper if you can't pay it off.
@maximussilverstacker3928
@maximussilverstacker3928 13 дней назад
Everyone’s gonna need to do what my neighbors across the street have been doing forever! There’s 6 cars in driveway and 3 in front of the house living together and splitting the bills !
13 дней назад
The apt I used to live in for 30 years started having parking problems....that never did before.....everyone moving into one bedroom apts...
@droyal104
@droyal104 13 дней назад
The illegal cultures way... What's happened to fire code violations in America? There's a point where too many people in any building is a serious fire hazard for the entire areas inside and outside...
@BruceLee-xn3nn
@BruceLee-xn3nn 13 дней назад
Immigrants. They're the only ones that can live like that peacefully.
@riproar11
@riproar11 13 дней назад
*There are six cars in the driveway Is it really that hard to use plurals correctly? My bet is that you're a Californian.
@maximussilverstacker3928
@maximussilverstacker3928 13 дней назад
@@riproar11 that’s all you have to do is complain I didn’t say it correctly? wtf dude no I’m in new York
@hannw7
@hannw7 13 дней назад
Inflation, under paying jobs and being taxed to death. It’s awful!! I haven’t gone on a vacation since 2017 and I couldn’t afford it then either!! My industry (advertising), is still on huge pay cuts and we’re not expected to get back to our full salaries EVER. 😳 Companies are just cutting salaries - period. They’re blaming strikes and covid. It’s insane!!! We are struggling!!!
@tripolarmisfit
@tripolarmisfit 12 дней назад
Parents, society and the system DEFINITELY need to stop telling kids that they need to go to college. IT'S WORTHLESS. People must encourage kids to do what they love and try to make a living off of that. Am I the only one who read Rich Dad, Poor Dad from Robert Kiyosaki? "If you raise a kid with the mentality that they need to get a job and work, you're leading them towards poverty for their entire life."
@jayha7071
@jayha7071 13 дней назад
I remember my parents, two working class people, complaining about inflation in 70s
13 дней назад
its much worse now...and we in the 70s were getting double digit interest on our savings and certificates of deposit...many seniors were paying their rent or mortgage off CD interests.....again Ronaldo Reganato put and end to savings rates..
@tintin5038
@tintin5038 13 дней назад
You forgot to mention that car loans were also high, as were mortgage interest rates. We purchased a new Toyota in 1983, 16% interest rate, we paid it off in one year. Our home mortgage rate in 1984 was 12% interest on an ARM, if you wanted a fixed rate, it was even higher. There are two sides to the interest rate coin.
@Scorpio1060-
@Scorpio1060- 13 дней назад
I started my career in the 70s, definitely harder today, but we didn’t have social media or uneducated politicians being voted into office.
@networth00
@networth00 13 дней назад
We get it, you hate Trump and Regan. People like you (who vote for Biden) are why we are in this mess.
@BruceLee-xn3nn
@BruceLee-xn3nn 13 дней назад
Me and my parents ended up living in a 59 Ford station wagon in early 70s. I still have pictures of that car
@michaeln.2383
@michaeln.2383 13 дней назад
The only ones beating inflation are lawyers, executives, and vice presidents. You could even throw in specialists that misdiagnose patients to keep them coming back.
@ilikebeets9600
@ilikebeets9600 13 дней назад
and plumbers
@amandajean7738
@amandajean7738 13 дней назад
​@@ilikebeets9600Yep, four of the wealthiest people in my town are an orthopedic surgeon, a lawyer, a dentist and a plumber.
@994pt4
@994pt4 13 дней назад
Don't forget Pelosi and the rest of Congress!
@xNevlosx
@xNevlosx 13 дней назад
​@ilikebeets9600 lol yup I'm doing great.
@p.m.8316
@p.m.8316 13 дней назад
And anyone holding bitcoin.
@bypinkerton892
@bypinkerton892 13 дней назад
As a Retired Senior.... My income of 2 Pensions & SSA.... Is Keeping Up with Inflation.... For Me.... Only Because I'm Old & Don't Buy Much... My Home is Small & Paid For.... As well as My 2018 Vehicle= Paid.... My Health is Good.... & I've Always Been Low Income.... I've Always had to Make Due with Le$$.... I feel that Rest of the Spoiled Population.... Is just Coming Down to.... My Pay Grade....
@networth00
@networth00 13 дней назад
2 pensions... if only we could wish to have that.
@bypinkerton892
@bypinkerton892 13 дней назад
Yep I worked at a State Hospital for 15 years & just $13 an hour for the 1st pension..... & 18 years at a Grocery Store & just $14 an hour for the 2nd pension..... I stayed at these low paying jobs because of the Pensions.... So now I make more $$$ Retired then I did while Working.....
@shanejones578
@shanejones578 11 дней назад
@@bypinkerton892you make more than I do today full time doing dangerous work with more than a handful of years experience in the field. And sounds like you’ve been retired since before the rampant inflation, how exactly am I spoiled? And I can’t afford anything?
@shanejones578
@shanejones578 11 дней назад
@@bypinkerton892combined you make more that is. But I have no pension, it doesn’t exist anymore. The only money that will be there when I retire is the money I myself set aside. The dollar won’t even exist then for gods sake.
@bypinkerton892
@bypinkerton892 11 дней назад
I made $13 & later $14 per hour for over 30 years... I could never afford a vacation or to repair a car... I walked 3 miles to work & stood on my feet all day & then walked 3 miles home... I stayed away from many people that would brag about their vacation & lifestyle's... I was poor... But I now have the Pensions.... You can still get Pensions at State Hospitals & other G jobs... One day a mother was trying to get her daughter to go to college & pointed to a few of us at the Groçery store & said to her daughter.... " If you don't go to College you'll end up like them."
@forge5825
@forge5825 13 дней назад
Its amazing how many people don't even know what inflation even is. I was complaining about it at work and people are looking at me like a deer in the headlights.
@j.a.pimentel7265
@j.a.pimentel7265 3 дня назад
It really is hard to believe there are people that don't know what inflation is, but the reality is that a lot of people not only don't know what inflation is, but also don't know a lot of basic things that should be a no brainer. You would think that with such vast access to knowledge and information on the internet these levels of ignorance would be a rare sight, yet here we are.
@Epicart1976
@Epicart1976 13 дней назад
The fed is the problem you cannot borrow yourself out of debt.
@Ninurtha1
@Ninurtha1 13 дней назад
Blackrock, State Street, Vanguard are the largest shareholders with 88% of S&P firms. Crime syndicate runs America. Read that again .
@markfcoble
@markfcoble 13 дней назад
Bank of America fined over ninety Billion dollars. No jail.
@jimcrawford3185
@jimcrawford3185 13 дней назад
​@@kimilsungthefirst6840 The tribe?
@Singlesix6
@Singlesix6 13 дней назад
@@kimilsungthefirst6840 Irish Catholic and Amish?
@padmala33
@padmala33 12 дней назад
At my large healthcare company, they are outsourcing creative jobs (graphic/motion designers and project managers) to South America like crazy. It's really depressing.
@chargermopar
@chargermopar 13 дней назад
I used to love investing in the stock market. There were also great deals on real estate. Once the Fed started QE in 2009 i was out for good. As long as the Fed can rig things I want no part of it.
@naoumhalamoutis1960
@naoumhalamoutis1960 13 дней назад
The common working stiff making 80K can’t afford shit
@BREEZYM6015
@BREEZYM6015 13 дней назад
Depends on where you live and your circumstances. I make $60k in Las Vegas and do just fine but I live alone and have no car payment. Being single certainly helps.
@stinkincooldesigns8469
@stinkincooldesigns8469 13 дней назад
Making 80k does not mean you bring home 80k, that $3076 every 2 weeks before taxes, medical insurance and any money you put into a 401k. Take home would be roughly $2-$2500. So now lets say you have a 2000k house payment this leave you with 2500-3000 a month for electric bill, water bill, cell phone bill, car insurance, gas in car, gas bill for house, internet, food, clothes, toiletries. If you are single then ya you could probably be ok, but with a family it makes it tough.
@huemann7637
@huemann7637 13 дней назад
@@BREEZYM6015wow so you have no life? Sounds awesome!
@stevenphillips3466
@stevenphillips3466 13 дней назад
@@stinkincooldesigns8469 My recession went into depression with your Truth about bills and finances
@michaelsnively3621
@michaelsnively3621 13 дней назад
For a lot of people, being able to pay bills and get groceries, without using a credit card minimizes stress. Makes living more enjoyable.​@@huemann7637
@tooch1981
@tooch1981 13 дней назад
2 credit cards at 35% APR was my "opportunity" to rebuild my credit.. not to mention I just earned my MBA and applying for jobs is a joke. I got rid of my car over a year ago to live within my means but we are reaching the tipping point soon...
@networth00
@networth00 13 дней назад
Why was your credit bad in the first place and needing a rebuild?
@tooch1981
@tooch1981 11 дней назад
@@networth00 my salary has been decreasing since 2016.. I thought I could manage my expenses.. i was wrong.
@TheInternetComplaintDepartment
@TheInternetComplaintDepartment 12 дней назад
All hourly wages must be doubled. If not, this country will fold in on itself.
@Singlesix6
@Singlesix6 8 дней назад
If wages are doubled then prices will probably double or maybe only up 50%. That's what we are seeing now, along with the free federal handout money churning through the economy.
@TheInternetComplaintDepartment
@TheInternetComplaintDepartment 8 дней назад
@@Singlesix6 You're right. That's the bind we are in. The only real fix is to introduce a stable currency. One backed in hard assets. Or we get to watch the dollar go to zero.
@101Flinx
@101Flinx 13 дней назад
I am pretty sure I will have to start defaulting on debt next year just to keep a roof over my head. I was trying to get ahead of it so I would be debt free before this hit but I moved too late.
@teresasolis1179
@teresasolis1179 13 дней назад
I'm in the same boat. We'll get through it.
@davidmettler9580
@davidmettler9580 13 дней назад
Realtors are an unearned income. They do next to nothing for an astronomical pay. All we need is online multiple listings with pics and video and the standard appraisal and home inspection and then the standard paperwork that relators only collect.
@cathyandresiak
@cathyandresiak 13 дней назад
Obviously some people don’t understand how stressful selling Real Estate is if you are doing it right! It is not an easy job at all! Sellers can use a transact coordinator for a lot lower fee for the paperwork! The challenge is finding your own buyer who is actually approved for the mortgage! Ask them for a letter from the bank they are pre approved!
@stonesfan285
@stonesfan285 13 дней назад
Are you going to write up all the paperwork when you get a buyer?
@stevenotero2627
@stevenotero2627 13 дней назад
​@@stonesfan285 No. I'll have A.I. do it . Haha
@cathyandresiak
@cathyandresiak 13 дней назад
@@stonesfan285 Yes
@dharmajoy938
@dharmajoy938 13 дней назад
Yes, realtors are now a necessary evil but that is about to change with ai.
@Tonymanero1960
@Tonymanero1960 13 дней назад
i am retired with enough money to buy a modest house in the Maryland/Delaware shore area,..but,.....after watching Michaels and other RU-vidrs discuss the issues regarding buying, and owning a house,...I have decided Fuggettaboutitt!!
@patriciadiaz8679
@patriciadiaz8679 13 дней назад
Move abroad
@chrislindsay3104
@chrislindsay3104 13 дней назад
Argentina is very affordable. And a residency is easy to get for retirees who have a pension.
@juanvaldez7279
@juanvaldez7279 13 дней назад
Depends on price vs rent.
@BREEZYM6015
@BREEZYM6015 13 дней назад
​@@juanvaldez7279Bingo. For me buying was cheaper than renting when I made the decision to buy in the fall of 2023.
@bigneiltoo
@bigneiltoo 13 дней назад
How much would your property tax be?
@user-wf4ls8zx3r
@user-wf4ls8zx3r 13 дней назад
I’ve been feeling stagnant wages and inflation for a while now. It began in the 1970s-the downward spiral of wages, unfortunately began in the ‘70s.
@WenMoon-2023
@WenMoon-2023 13 дней назад
If you want to know what the real inflation is, just look at 1964. The minimum wage was $1.25 or five 1964 quarters per hour. The fiat value of those five quarters is $1.25 today, and $28.25 based off the Silver Content. Remember the Gold Statndard?.
@afrohawk
@afrohawk 11 дней назад
And this is why paper will collapse back into metals. There's no getting around it.
@daintonrainford2391
@daintonrainford2391 13 дней назад
We didn't learn anything from 2008 and we continue printing money and spending like there were not going to be a day of reckoning
@user-pq8qv3fp3y
@user-pq8qv3fp3y 13 дней назад
I am warming to seniors and the disabled people because their caregivers are stealing food from them because they think they don't know. Watch out for them.
@tamarabaptiste4245
@tamarabaptiste4245 13 дней назад
Wow , I’m sure Thanks for that advice 👍🏽
@faustinreeder1075
@faustinreeder1075 13 дней назад
Random
@frankcorrea8691
@frankcorrea8691 11 дней назад
Thou shall not steal!😮
@numericalcode
@numericalcode 12 дней назад
According to the internet, we can just hustle harder.
@brianmatthews9697
@brianmatthews9697 12 дней назад
What really fries my cookies is most people are hurting and the local municipalities are raising everybody's taxes. Our beloved "public servants" . States are broke yet they still waste unreal amounts of money.
@ballaratevil6048
@ballaratevil6048 13 дней назад
Hi from Australia and things getting worse here and really feel for those who are just starting out in Life and future Generations.
@analyticalhabitrails9857
@analyticalhabitrails9857 13 дней назад
I guess folks will have to learn the brutal way that you will never, ever borrow your way out of debt from the CENTRAL BANKS.
@jerrycummings2657
@jerrycummings2657 13 дней назад
Can’t disagree with the data. But, ppl are still traveling, going on vacation, buying new cars, etc. It’s clearly not just 3%. Either more than 3% are keeping up with inflation, or people are living well outside their means….which is crazy.
@frawdulent
@frawdulent 13 дней назад
Doom spending. They try to save money, but quickly realize that they’re not making any progress. So what’s the point? Spend and borrow, rinse and repeat.
@recabitejehonadab2654
@recabitejehonadab2654 13 дней назад
I see all these new/ newer cars in my parking lot at work and I come in with my old paid for beater / no car payments , makes me smile😊.
13 дней назад
you would be surprised how m any people go from Bankruptcy to bankruptcy much like Donaldo Trumpisito.
@user-so9bv1xn2x
@user-so9bv1xn2x 13 дней назад
Look up the average debt levels by age demographics. Auto Loans, Lines of credit, and Credit Cards. Most have no financial literacy or are doom spending. Something like 50% of people are living pay cheque to pay cheque now. What we are seeing is a illusion of wealth in most cases.
@WhatsUpLand
@WhatsUpLand 13 дней назад
When I see people with nice things, I don't think they're rich ... I think they spend themselves broke buying that stuff... And that nice house, actually belongs to the bank.
@GerryC-1111
@GerryC-1111 12 дней назад
Yep. Record Travel, sporting events, concerts, Amazon, movie theaters, costco, restaurants, and hotels being extremely busy and packed shows how bad things really are. 😂
@mohammedjeffali1076
@mohammedjeffali1076 12 дней назад
There is only 1 costco for every 2.5 million in population, that's why they are packed.
@333mikeray
@333mikeray 13 дней назад
I'm really concerned that Jeff Bezos won't be able to afford this new 2 billion $ yacht that they are building for him. I fear he may be getting short on cash and Amazon may not be able to afford these new $15 hr jobs they are promising 😢
@giselawatson2203
@giselawatson2203 13 дней назад
Bezos just sold $2 billion in Amazon stock shares
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