@@Matthias_Fischer "given" by whom? In the USA we have infinitely more opportunity than 99% of the world. Complaining about opportunity in America is incredible ignorant and tone deaf.
@@Matthias_Fischer why is it that parents passing down wealth is unfair? Is it "unfair" that LeBron James' parents passed on amazing physical gifts? Should we make him play basketball one handed to make it "fair"?
Financially educating people? In the same discussion he says credit cards are crap and serve no purpose. If you have the discipline to pay off your balance, it’s an incredible tool. I make between 2-5% on almost everything I spend.
@@James-zy4nc yes I use them to build credit and get cash back as long as you pay them off monthly. Sadly most people can’t do it so probably better to just tell them to stay away.
@@James-zy4nc people would have to be high spenders in order to make a good amount back in cash back. Let’s say 100,000. and let’s say you get a average of 3.5%. You would get 3,500 of you spent 100% of your income which you would never be able to do. So let’s say with taxes and spending money you couldn’t put on the card your able to spend 75% of your income which is still very high. That’s 2650. Which is ok return. Most people he talks with are not high income individuals making over 100k they also are calling because they are not disciplined hence why half of his callers call in because of debt. A good chunk of which is credit card which has the highest interest rates among debt. So telling everyone to stop using credit cards is a great idea because our country owes 807 Billion in credit card debt. So most people are not disciplined or credit cards allow people to make poor financial decisions now and pay for their mistakes later.
Yea except she has a great point about how much more difficult it is for someone out of high school to find a career in a company that will pay liveable wages vs in the 40s 50s and 60s. Where are all of these jobs?
@@KrustyQuad I believe its a lot easier to make money today than it was decades ago, especially considering how advanced our technology is now. Now a days you can make money from any app downloaded to your phone. Also, there are plenty of entry level positions that are being offered by companies, and folks who are fresh out of high school apply and get those jobs all the time. Not to mention these entry level jobs like call center jobs usually pay over the minimum wage. The problem though is most people hate working those types of jobs so they don't take it, and yet there are some people who take any job that's out there and then make it work for them to their own advantage whether they're being paid minimum wage or not. It all depends on how you manage your money and how you're living within your means.
@@KrustyQuad Working at a company where our shop guys make 6 figures down here in Texas. Now we do work 72 hour weeks but it's possible to make money without a degree.
My mom passed 7 years ago at age 71. She had a $25,000 whole life policy. I calculated how much my dad would have had had they just invested the premiums in a 5% interest account = $245,000. What a scam! Then the agents who insisted that they hand-delivered the check had the nerve to try to sell my dad more whole life insurance using my mom’s benefit. I had explained all this to my dad well before the slime balls arrived. He took the check and quickly showed them the door before they had a chance to even sit down. See ya!
@@dakotadak100 I've actually been told it's very good, I'm only 27 and goes till 2093 and came into affect this year. And I'm never sick, broken bones, no surgeries. Honestly rarely ever go to the hospital at all.
@@dakotadak100 I definitely not term I wouldn't do that. I just looked at the policy. Says Pay to 100 years, Policy Benefit is currently 118 and change and dividends is "Paid Up Additions" (which is know is insignificant)
@@YankeeStacking Yet she is advocating for Nordic country polices. "democractic socialist" is mislabeling as social democracy (keep most industries in private hands). The USSR in the 1980s ecconomic equality on par with the Noridc countires (ppl were paid differently depending on quota ouput and profession). Marixsts are into from ability to contribution before from ability to need (once economic development is feasible).
Sandy.... Oh Sandy Sandy Sandy..... If you literally just take all the money in the world and divide it up evenly... Nobody will work any more. If somebody sitting at home gets the same amount of money as the guy working building roads in LA in 100 degree heat... The guy laying asphalt is going to say "Screw this.... I'll go sit at home in the AC watching wheel of fortune" There is no incentive to work... to excel... to create and innovate if you are never allowed to see the rewards of your labor.
She's saying the Waltons and Koch brothers shouldn't have as much wealth bc they should pay a higher marginal tax rate and not be given tax deductions. She said nthg about the working rich. Instead it seems she's most unhappy with the ultra wealthy. If she's a communist then so was FDR. Those breadlines weren't in the 40s, they were more in the 30s or before ww2, after the unfettered capitalism that crashed the stock market. There's a middle ground like in Scandinavia or Germany, capitalist societies with strong social safety nets. She thinks wages should be higher so there's an actual middle class, and they should. Going back to the 60s isn't communism. Having a wage you can support a family on without relying on welfare is better for taxpayers. Having affordable education, or the ability to climb in a company as a blue collar worker isn't communism. At the end he had to agree the system was kinda rigged even if it made sense in order to establish companies in a given town. Those steel workers he's talking about, auto workers, have gone down in number due to trade deals. They are a smaller percentage of the working class, even if they do exist in some towns. Look at Detroit. Used to be a manufacturing mecca, now it's gutted bc things got sent to Mexico thru NAFTA. Big reason people in the Rustbelt voted for Trump over Hilary.
I’m 20 working factory job for 5months and am at 50k a year and there’s many places you can make that or more and I could’ve been an 8th grade dropout and get these26-35 dollar an hour jobs
I have a buddy who got a job as a pipe fitter for the navy fresh outta HS; he’s currently making around $80,000 a year at age 22. And no student loan debt dragging him down!
Sandy - I live in Corpus Christi Texas with a population of 400,000… statistics are here that 60% yes SIXTY percent of working men work in the oil fields here. And starting pay is $60,000. This lady is so lost.
I dropped out of high school and I am on track to be an everyday millionaire before I'm 40. There are opportunities out there if you're willing to work very hard and take risks.
When my brother passed away recently, I found I was his beneficiary and after he paid into it for so look many years, it paid out hardly anything. Stay away from Whole Life.
I'm starting to use cash a lot more after having someone charge something on my credit by accident or having my credit card freeze. Do you withdraw cash per biweekly based on your paycheck or a month ahead of time?
About Sandy from Los Angeles, CA... Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's just what's on the paperwork. I could do those exact same things elsewhere for less pay. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family, though I do make decent money). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting my daughters when I was out of their view for too long and they started crying thinking I had left without telling them, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc. I would NEVER do ANY of that if I could make the same amount of money flipping burgers. No offense to those who flip burgers. I've done that before myself as well. Still, I would pick that over what I currently do if the pay were the same. The same goes for those who argue that it would be better to do away with money or whatever
Ive worked at nucor for nucor for the past 3 years. My very first year I made $102,000. I’m an overhead crane operator at a plate mill. Dave is straight up spitting facts. Even after my overtime is taken away I make $80,000. High school graduate, no degree, no debt, just having a work ethic can get you super far in life. Plus they drop a 10% bonus into my 401k every year. They have mills all over the US, but like anything good in life you have to prove yourself and work to get the job.
You guys make a phenomenal product. I work for a steel supplier in the PNW we cnc cut parts out of plates, I’m also a crane operator just on a much smaller scale then an actual mill.
@@justinacase2623 , I did not know that! Thank you for the enlightenment. I agree with several of his methods to get rid of debt, but to be honest, he never sounds genuinely happy when he talks about his wife.
@@vidarebornlonewolf Dave has never felt the sting of divorce court or having his bank account cleaned out by a vindictive wife and her blood sucking attorney.
Regardless of whether or not someone actually got the cash value, the purchaser could just buy term, invest the difference in stocks etc, and have much, much more money in the end, which either the policy holder or beneficiary could access.
Factories pay more than minimum wage. They couldn’t find employees if they did. Unions are gone though, so good money can’t be made, but it isn’t minimum wage.
People with her mentality are all in favor of everybody being being at the same standard of living. Now when it gets to part of who thats going to be funded, you start hearing crickets. The people who are most in favor of getting something for “free” are generally the ones who have nothing to do absorbing the cost.
@@ammarhasan8973 In communism, wealth exists for the elite running the government, but the common man is dirt poor and oppressed. Ask anyone from Cuba or the former USSR. Ask those people how it was under communism.
@@elizabethblane201 Both USSR and Cuba had socialism, not communism. No country on this planet has ever been a communist country. Pick a copy of Communist manifesto and read it rather than blindly trusting the conservative media. Btw your knowledge of communism lucidly reflects you haven't studied Economics at college.
@@ammarhasan8973 Right, you respond just like Marxists do, with "they didn't do it right", "it's not pure communism" or something to that effect. Are you advocating communism as Marx proposed it?
I listned to DR when I was in under grad, now I'm in over grad getting ready to apply for govt. jobs. Looking at a salary of low 7k-8k a month. Oh and I'm debt free.
When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
I have incurred so much losses trading on my own... Trade well on demo but I think the real market is manipulated..can anyone tell me what I'm doing wrong?
Many factories in my small town Iowa pay very well: Purina, DuPont, Equistar, 3M, John Deere, Alcoa, nuclear power plants. People who didn’t go to college make a good living there if you like that kind of work.
@@coooooolguy87 that was so long ago - mid 90s got sold onto a whole life policy kind of thing - paying way too much monthly with the expectation the proceeds at some point would cover future premiums or something like that. over a short bit of time, the monthly cost was just not affordable - and the cash value after i think a couple years of paying - was almost nothing... just a young persons mistake - didn't cost me too much as i got out early...have had term life after getting married and it's a much better value...from my experience...thankfully no one has had to cash it in... I just recall feeling betrayed or sold something that really didn't benefit me - but then he was an insurance guy...my parents had their policies with him and that's how it started... I just recall a lot of BS - hindsight...
I don’t have a college degree and make more than people at my company that have multiple master’s degrees. I don’t need a handout. It’s called strong work ethic and drive.
Life insurance broker: "Cash value can be paid to the beneficiary if the policy is written appropriately." And that's when you know who's actually making sense. A beneficiary receiving the cash value of a whole life policy upon the death of the insured would seem pretty intuitive, no? Yet, for that to happen, the policy has to be written "appropriately." Imagine if a policy had to be written "appropriately" for the beneficiary of a term insurance policy to receive the face value. Or if Vanguard just decided to keep the value of your investment portfolio if you died before cashing it out.
I went to 5 years of school for a masters and one of my best friends went to school for 18 months. He makes about 50% more than I, and paid off his debt in a third of the time. They’re are plenty of opportunities for ppl with tech degrees out there. And not just opportunities; lucrative opportunities.
Why should wealth be evenly distributed? Answer:"Uhhhhh, Uhhhhh, because Uhhhh. I don't know but it sounds good to me." Dave is so patient with stupid people. "You said I belong to the uninformed party but I'm a Christian." LOL!!! What?!
Sandy - God love her. She's talking about an era of prosperity that existed due to War production. Do not wish it back. Dave isn't name-calling here, this is a discussion of Emotions vs. Logic - no-one is going to get their point across xx
It's ironic they think they are the "lesser evil" when really, having their way society would be even worse. Tough love, holding people accountable, and asking for responsibility and good choices is seen as "mean" or "unfair" or "not possible for some" and it's just tearing our culture apart.
Sandy, high school graduates can easily make it in today’s society. Just look at all the trades schools, and delivery drivers. It’s all based on your choices. If you accept a low wage job, that’s your choice! No one is forcing that person to work at a low income salary. If you don’t like it, capitalism allows you the freedom to change. Socialism doesn’t allow change because everyone will make the same no matter what they do or how hard the work.
Coming out of highschool I worked at amazon for a month making $15/hr with 0 experience... I had the opportunity to work for this insurance company for ~$23/hr with 0 experience but i didn’t take it cause i went to college. Give me a break highschool graduates can’t make it today
Any time a salesman starts talking about what "can" happen, run. Run fast, run far. "If the policy is properly arranged, you can..." should be followed by "thanks for your time, good-bye".
Sandy needs to read “Atlas Shrugged”. When you remove incentive for people to “build the better mousetrap,” guess what - people stop building better mousetraps. She probably has never put any effort into building her talents and skills and feels those who have succeeded owe her something. She wants the fruits of other peoples labor.
Haha, the Business school argument of the insurance guy. I've had so many people in my class there, that were set up to do illegal stuff later in life.
@@MegaClemie Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's what's on the paperwork but I could do those exact same things elsewhere. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting when I was out of their view for too long and they started crying, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc. I would NEVER do ANY of that if I could make the same amount of money flipping burgers. The same goes for those who argue that it would be better to do away with money or whatever.
Exactly. Why in the world would anybody put forth any effort just to subsidize the slackers of society. These people are so childish, they can not think past what "feels" right.
I knew of a guy who put his entire company retirement in a whole life policy after being told that he could take some out if he needed. Later took 20k out for home repairs etc. 20 years later, he received a 65k 1099 from the insurance company that he had to pay taxes on. Turns out, the insurance company had given the 20k in the form of a loan. Since the account went south during a downturn and showed a loss for years, it ate up his entire retirement of about 100k paying the loan back etc. He was asking me questions about committing suicide so his wife would not lose their house for the taxes that he owed for the loan and interest not paid. I was able to talk to the IRS for them, but it took a long time to explain. So not only did he lose all his retirement, but died with no whole life policy
Regarding Sandy’s stance, staying competitive is a quality of America. If a doctor is well-known as the best doctor in America, more people will want to go to that doctor and pay more money for the doctor’s service. Versus a inexperienced doctor who just started their practice. Having equality in income may not promote motivation for greater or better services or goods.
Lol I have a GED in east Tn. I am 39 spent 20 years doing public service as a firefighter and emt . Now I am a teamster and make 90-120,0000 a year. You get what you put in.Dave, Love ya brother.
The lady from Commifornia needs to but down the ipad and pick up a book. Her husband obviously won't talk to her so she has to chew Dave's ear off with all her lunacy.
99.9% her husband agrees with her and/or put those ideas in her head. if her husband didn't he'd have checked her and she most likely wouldn't have that view. leftists live in echo chambers and end up like this nutty lady.
I just look at rich people and instead of being a victim socialist. I strive to learn how they think and operate so I can become them. Not take their money and give out more welfare checks.
I graduated high school with a 1.8 gpa. Got a job at a company hanging Sheetrock, worked my butt of to make a good impression. Work my way up the ladder and asked to get certified as a welder through that company. Did that until I saved enough money to go to community college and get a technical degree in industrial electronics. Graduated cum laude, and still worked while in school. Now make 80k a year not including my investment portfolio. Anything is possible. Work ethic is everything.
I dropped put of high school and got my ged and am currently making just shy of $50,000 per year at a factory. I'm 20 years old and making more than almost everyone I went to high school with at this time. This lady has no idea what she is talking about.