Hey graham just wanted to say a big thank you! I’m 18 and decided to go to community college and transferring with a 4.0 and on track to receive my MBA at 21. I started watching you in 2018 and you were the one that got me interested in finance and now I’m going into wealth management for wealthy individuals. You were a very positive impact in my early years and I’m grateful for that. Because I worked in my teenage years and got multiple scholarships I should be graduating with being close to debt free.
Congratulations!!! You are do ahead of everyone else… keep applying his principles. Save an emergency fund, save for a hefty downpayment of of an affordable home. Pay off the home as quickly as possible while simultaneously putting a good percentage into diversified investments.
As a car dealer. Never judge a customer. Im in the UK and we have a bizzare thing where incredibly wealthy people will turn up on a bicycle (if they're local) wearing an old polo shirt covered in paint or their gardening clothes. No lie, 95% of the time they buy the most expensive car on our lot!
That makes a lot of sense except for the part about purchasing the most expensive car. With a few notable exceptions, the wealthiest people I know own very modest cars. This is especially true for the "old money" crowd.
@@eddiemalvin The wealthy people, as a whole, do have expensive cars, homes, etc. Let's stop acting like wealthy dont spend their money on expensive things.
@@VerleanHurd Those are the "visible millionaires". Yes, they exist... Yes, they spend lots of money... but many of them aren't truly wealthy. The number of "stealth millionaires" is so much bigger. Read the Millionaire Next Door by Dr. Thomas Stanley. It's quite eye-opening when you realize the guy in the trucker cap drinking Miller Lites at the end of the bar has a net worth that dwarfs the guy in the BMW with designer clothes.
I seriously can't believe dealerships still discriminate like this in 2023. I experienced the same thing. I'm fortunate enough to be able to afford nice cars relatively young because I work in tech. If I can wear jeans to work, why should I have to dress up like a real estate agent to be taken seriously at a dealership? Honestly not mad though, I've saved a lot by not buying cars because salesmen make the experience so awful I never ended up buying. (Till I got a Tesla, mainly because trying cars at dealerships was such a sour experience).
People do take cards out in the children’s names, as well as other things like electricity bills for example It is considered fraud but the people it happens to usually cannot go after their parents because they just don’t know enough
@turtleanton6539 yeah it really should be. But it's not unfortunately. Probably helps credit card companies. Parents can't take out a loan in your name though (I think) so credit should be the same. Only you, after you turn 18.
One dangerous piece of advice I keep hearing is “finance your down payment” on its own it isn’t dangerous but it allows many people to think they can afford certain things
My wife and I have been doing the multi-account method since we bought our first house together 20 years ago. It works great because each of us can indulge in our hobbies without having to double check with each other. Even though we both make healthy incomes, we did find ourselves in a bit of debt due largely to a house remodel. Once we decided to take a break from the reno, we used Ramsey’s method to get us out of debt. As a result, we only have a little bit of CC debt, the mortgage, and our camper. Took an enormous weight off our shoulders.
nailed it bruh! he was thinking to give away money collected during sponsorship and making drama/crying then after a couple of weeks still continued forgetting FTX.
@@valeextalks ya sadly you just gotta “intend” to do the right thing these days for damage control. And then wait it out and until people forget. I actually kinda like Graham still and it’s not all his fault obviously. But this title made me cringe hard af lol.
@@jordanwarner5432 all his fault is about making personal jokes to everyone whoever he interviews or makes video together. his previous editor alex, window cleaner guy, or caleb hammer everyone he makes personal jokes about their mother, gf etc. with disrespect.
I was guilty of the no-shoes on accident. I was doing a car review and didn't catch that the camera could see down to the peddles and I had kicked my sandals off... whoops.
Of course man! You have taught me alot quite young making quite alot of money, in a few years I might try and pop on the podcast haha@@TheGrahamStephanShow
I had a friend who had parents who were horrible with credit cards and when their son turned 18 they took out a bunch of credit cards at rent-a-center, and other various places in his name and made him feel like he had to agree to it and that they were doing him a favor and boosting his credit for free. Then they never paid any of the bills.
I finally understood the stealing one. Like she steals $5 for his coffee and then when she turns her back to go make his coffee he steals $7 out of the tip jar. So he profits $2 from the interaction.
The dude seems to have forgotten that Dave leveraged debt to purchase rental properties and then the bank got sold and the bank wanted everything paid off immediately and he lost everything and was forced into bankruptcy, so yeah, Dave tried the whole leverage debt thing and it blew up
The satire guy is funny, he totally nails the tone of these wannabe ballers. The way they talk, dumb ideas about how much is enough money (1st guy was a perfect example, 15 million isn't a lot of money because it is possible to spend it all), the extremely self-destructive decisions (usually high-leverage speculation), the way they pretend-coach younger guys that racking up tens of millions or more is so easy. Maybe not Graham's cup of tea, comedically. I think its funny and I have to laugh at the stupid, because otherwise I would cry at how broke these guys and their followers are going to look in ten years (or less).
I disagree with having separate bank accounts. My spouse and I pool everything. We are in it together -- no holding back. If you maintain separate accounts, then you aren't going "all in". You're not fully committed. Either go all the way in or don't go in at all. To quote Yoda, "Do, or do not. There is no try."
You should do a video on all the tictoc IUL (Indexed Universal Life Insurance) be your own bank videos. The life insurance industry is a Trillion-dollar industry making its money off the backs of widows and orphans. Life insurance is meant to replace the income of the families' breadwinners in case of an untimely death. Buy term and invest is the strategy recommended by financial experts. Life insurance should be a temporary need. Have term coverage in place if you should die while accumulating wealth. Drop insurance once your investment has grown to a point you no longer need insurance coverage.
Dave Ramsey does speak to the average person but he is still overly conservative with debt with the "all debt is bad" mindset. Telling anyone to rush to pay off debt with an interest rate less than inflation is never good...
On the under 18 thing once when you're 18 the 18-year-old or whatever to get all that removed I had to was relatively easy because it wasn't authorized by you because you're under the age of 18. Not saying what he's doing is right but what I'm saying it doesn't really matter for the person's long-term but not teaching them the value of credit as a problem
3:57 Quantity over quality is all it is. People just make videos saying anything to get clicks and meet their quotas. Graham: If it was illegal a big portion - like 90% - of all social media would be shut down.😂😂😂
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I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
