I can't believe I asked couples these invasive questions! But I had a lot of fun filming it and you'll learn a lot if you watch the entire video :) Links to FreeTaxUSA and other resources are in the description - have a great day! -Charlie
Amazing questions and interviews! 👏 We need more honesty and reality nowadays. Money should be a comfy topic between everybody, so we don't get exploited by big corps. ✌😘
Their first couple is absolutely right, be frugal and have less debts in your early career the more comfortable you will be later in life. People always want to live in the lifestyle that they can't afford that's the problem.
We're surrounded by this fake dreamy luxury image from social and entertainment media. Sometimes we're even spoiled as children by loving parents with no heart for discipline. Honestly, I'm amazed how kids are NOT* *more* fvcked up than they are these days. 😁
Glad people talked about how expensive child care could be, especially daycare. I feel like we don't necessarily realize how much it all costs before having kids.
Daycare is a great way for a child to socialize with other kids, and gives mom some time to catch up on some housework or just take a nap and relax. Based on price she said (1K per child) I’m assuming it’s a part time day care (typically it’s more like 2K per child for full time) so she probably gets only few days a week ‘off’, or just part of the day.
It's narrow minded to think how things "Should" be for everyone. Perhaps if you have the same beliefs, you could get wisdom from this couple, but for me they seemed completely irrelevant
After watching so many people do this format of video, I’ve come to really appreciate how open you get people to be with you & I think that has a lot to do with your energy/the way you carry yourself and your character so kudos 👏🏼 I know you don’t show us all the rejections in the process of filming these, but with the people who do agree you always have interactions that I learn a lot from.
I think a good question for the interior designer who was looking to start her own business while still work full-time could've been "How much money would your business have to generate for you to feel comfortable leaving your W2?" Love your interview-style videos! Keep up the awesome work!
Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Money has to be a transparent thing, for me it’s a “we” thing, it’s not my money or his, it’s ours, and we are working towards our goals. Getting engaged inspired me to change my career to help my partner achieve retirement at a younger age, and it inspired him to save more because my goals became his. If he left now it wouldn’t work but in a few years if my career change works yes it would be fine for him to do what brings him joy because he would do the same for me. Neither of us are big buyers and having similar goals, wants, hobbies, needs all means we understand what either of us usually spend and that neither of us are going to violate eachother by overspending, we’re alike- and frugal
Loved this video! I feel like every time I see one of these, it’s always people in their 20s making 6-7 figures while that is so unrealistic for the majority of people. It was nice seeing people making between $30k-$65k a year and feeing content with it!
Dar and Megan are a power couple lol 💪 Every one of these you post is an automatic click from me!! They get better and better every time. Keep it up Charlie!
It was really refreshing to see people talking so openly about their financial choices, especially at different ranges of incomes. Was also good to see the spectrum of incomes was covered too
This is true, plus daycare doesn't necessarily mean all day every day. Some might use it for 4-5 hours a day while they run errands and have some alone time, all while the kids socialize and have some fun outside of the house.
Back I the day with my stay at home mom we got to go to a preK like a few hours a day….to get that socializing in the year before kindergarten, and it was through the school district, so free. Paying 2k a month when you’re a stay at home mom seems like a lot, but I know they are in the Bay Area, which is so expensive.
It's not just for the kids (though I agree, kids that socialize tend to be more adaptable), it's also for the parent to not burn out and to retain their own identity.
I don’t think getting a pre-nup is as bad as people make it out to be. The way it should be viewed is in the case of a divorce should be “I’m not divorcing my partner financially, I am divorcing against my partners lawyers financially.” It’s not an “escape plan” lol
it only matters if the finances aren't equal. They're both pro golfers so I'm assuming they're from well off families & they're not worried because it's roughly the same. Pre-nups are pushed more when one is significantly less privileged. Current income also does not indicate net worth or future inheritance. Someone can be chill with a low income passion because they're already set from family wealth.
Borrowing money isn’t an issue. Borrow to grow a business or buy assets that make money later on. Issues come from borrowing money for depreciating assets. Cars, bags, expensive clothing it’s a trap. And pick the right degree!!!!
A prenup isn't about trust. It's about setting up a plan that you each collaborated on to guarantee the other person is taken care of. It's very easy for courts and lawyers to take the other person to the cleaners even if you don't want that for them. If you love your significant other now then put in the effort to ensure they aren't ever taken advantage of by the legal system. There are many situations that cause even the tightest couples to split. The primary ones are: losing a child, infidelity, and when the man loses his job. Hoping for the best is great, but not being prepared for the worst is foolish.
Humans are naturally selfish, your first instinct is to always protect yourself. Love and all those other mushy emotions may allow you ignore that instinct but it’s there. Most prenups aren’t the logical ‘guarantee the other person is taken care of’ academic idea, most of the time, it’s about protecting yourself if things go bad. We can be academic and say it’s about not letting the courts decide but the core drive is, how do I protect myself when/if this thing goes sour. Now unless the financial gap between the two of us is significant, in which case, your selfish might be alittle acceptable, a prenup means you’re going into a union with your things as yours alone. So it’s not the two of us that actually own this xyz, it’s yours or mine. We’re really housemates that have kids. We’re saying I’m not risking my assets for this. If at your wedding you had vows that say we’re in this together, richer or poorer than losing a job shouldn’t be the end, sickness and health, then losing a child shouldn’t be the end, etc. with the divorce rates, I get why it could be seen as necessary but let’s not make it academic as protection against the courts, it’s protecting your selfish interests. Be confident in your selfishness please.
My wife is stay at home mom and I love and appreciate her for giving up her career to take care of our small family. Also glad that I married someone that does not waste money on salon, clothes and purses. We just like to take vacation and spend time and $ on our son.
Michelle’s logic is a sum of expectations women have of men in this society now Q:”How much would you want your significant other to earn? A:125,000$ Q:”how much do you earn “ A 30,000$ Not even half of what your expecting to me that logically makes zero sense 😂 Ken an Laura Kens ideal income 50k-60k Laura’s ideal income anything over a 6 figure salary?? Like what the hell is going here the standards are fucked.Women asking or expecting not even half of what there bringing to the table at least be logical or reasonable.Only 13% of men earn 100k per year an above good luck finding one that wants you
and then there’s Zuchini, the teacher. dude pretty much pays her to maintain her looks. such a difference between the generations n how long they been together.
Both couples need a prenup especially when you have any assets/debt, retirements. Don't marry a woman/man who is not financial aware or responsible bc it will hinders family ability to live a comfortable. Spend on things that you actually need. Minimalist is more optimal than living a lifestyle just to be in that social circle of friends.
Megan is capping real hard. Passion doesn't pay the bills. If Dar lost his job or chose to quit and the bills aren't paid, there is no way Megan is supporting Dar long term.
I can't help but roll my eyes whenever someone expresses the need for their partner to make much more than they do. Like ok, are you admitting that you're lazy or underperforming by your own standards or do you think it's ok to expect your parter to contribute more than you do? Or perhaps they're just being honest with their selfishness, but the vibe seems more entitled than that.
@@aIysssa You can love and trust your wife, but never trust HER LAWYER. The lawyer will convince her to drain him of all his worth. A prenup is a must!
income doesn't equal net worth. I know lots of people who are happily working low income jobs because their family generational wealth/inheritance will support them well into retirement as long as they don't overspend.
This was filmed in Costa Mesa, not Newport Beach, if you are trying to have an honest conversation about finances why claim it was filmed in a more affluent city?
I would get a prenup, it can protect you if your spouse dies and leaves bunch of debt that was unknown. Might be different from other states or countries though so is not necessarily just about in case you divorce.
Is that all the prenup would say or would it also include protection if you split up? I believe the core reason for a prenup is people wanting to protect their interest but every now and then, people make it sound less selfish like your comment so, I’m curious, would the prenup simply be about debts can’t be shared at death or would it also include asset sharing in the even of a divorce
How is it selfish to want to protect someone from your personal debt. I wouldn't want my significant other to deal with example: thousands of student loan debts or credit card debt?
I agree. Most divorces are initiated by Women. I think more so the men are going to regret it because once she divorces him she can take half his business, probably the kids, and you lose your wife on top of that. I feel like alot of men are afraid to ask for the prenup because it could make the woman feel like she’s just some gold digger and after his money but getting a prenup definitely would protect him though.
From experience I've always been more frugal and would not want a joint account with someone. Sure I'll sign into my accounts on an app like Mint so they have access to transactional info
a little curious with that last couple how she's a stay at home mother but they pay for daycare? like if she doesn't work what does she do all day if she doesn't watch the kids?
Not getting a prenup it’s pretty foolish lol idc how much you trust or believe in someone nothing is forever. Better to have it and not need it than to need it and not have it 😏 stay safe kings
strange how the man in the second interview says they both dropped out of college then she says she wouldn't have gotten her job without the college she went to?
My personal belief is if your job is in marketing or sales or anything of that sort going can do without college. But if it about someone's health, heavy machinery, architecture always highest possible degree.
My fiancé makes 3x more than I do. He works corporate, I work nonprofit. He said he doesn’t care if I don’t make much money as long as I’m happy with my job 😊 Although he makes more money, we both pay for meals or other things. He usually does pay for our trips and I’ll just pay for expenses during the trips. It works for us.
First couple doesn't seem to know the cost of a 4 year degree today. Back when they went, maybe 45k for the entire degree. Today, it's 200k+ for the entire degree if it's a decent school. No amount of savings or working while taking classes pay that. You have to take loans today. Every year, the school I went to goes up between 2k to 3k. It's unsustainable. College for the rich, rugged capitalism for the rest of us.
My electrical engineering at a top university in Texas was only $35k not including rent (it was cheap). I did 1.5 years at community college to do all the courses that would transfer. It was completely free because community colleges have lots of scholarships for good grades in STEM courses. I did take out $15k in loans while at university, but I already paid it off. I got a 6 figure job lined up months before graduation. So college can still be cheap if you play the system.