Financial Advisor Answers Money Questions From Twitter 💰| Tech Support | WIRED

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Kevin L. Matthews II, author and financial educator, answers questions from twitter about money and spending. Are we going into a recession? How is a credit score calculated? How soon do you need to start saving for retirement? Is our tax system rigged for the rich? Is cyrpto worth investing in? Kevin answers all these questions and much more!
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31 май 2024

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Комментарии : 673

@SIGNIFYING_NOTHING Год назад

I went to grad school with this guy. He's smart. Glad to see him featured in this Wired video.

@tanakaobi Год назад

I see you invest in liquid gold. Smart?

@Ainception Год назад

Hook ‘em horns

@SmoothCoaxing Год назад

Same

@elchappo1320 Год назад

I went to preschool with him. I knew he was smart

@theendurance Год назад

@@elchappo1320 i was born in the same hospital as him. knew he was a sharp kid

@buildingbread Год назад

Thanks so much for having me! I’m always down for a part 2 😉

@rehansetia7972 Год назад

Agree

@mextamacion1097 Год назад

@BuildingBread Would it make sense in my 30s for allocating like a 70/30 mix more so in bonds as of right now, then when things get better, back to 70/30 S&P? Then do that same cycle when this happens again? So as to feather in a stable bond profit amount to reach retirement. Late 401k start with a heavy S&P side.

@buildingbread Год назад

@@mextamacion1097 Great question. History has shown us that if you're in your 30s and you have a 70/30 mix, it is best to stick with it. I can do a video explainer on my channel if its helpful.

@mextamacion1097 Год назад

@@buildingbread subbed

@Alejandra-iv9es Год назад

I hope you come back again! Thank you so much for sharing your knowledge. 😁

@pertnerk Год назад

I laughed at how quickly he answered the "is the tax system rigged" question. Zero hesitation.

@mattm7798 Год назад

The system isn't rigged. Less wealthy people can also take advantage of capital gains. What he didnt say was that if you raise capital gains, there will be less investment and surprise...fewer jobs. The closest it is "rigged" for rich people is they have enough money to hire financial experts to put their money in low taxable areas. This is not the system being rigged, it's smart money management.

@ronblack7870 Год назад

yet the rich pay the biggest amount of dollars in taxes regardless opf what percent they pay. and they get no respect for it.

@FM-dm8xj Год назад

yeah, the bottom quintil pays nothing.

@Drastic2305 9 месяцев назад

The video is cut to the part when he is ready talk, how do you think he answers that fast?

@kobe51 8 месяцев назад

It was pretty obvious. Don't know why so many people want to refuse to admit these types of things.

@teachmotivaterepeat9712 Год назад

It's a pleasure to listen to a knowledgeable person breaking down difficult concepts in a very understandable way. Part 2, please!

@s.beltran7058 Год назад

it’s so refreshing to see a financial expert/advisor actually clearly verbalize that they believe the system is rigged to benefit the rich! thank you for not gaslighting as so many in the field do.

@EternalSilence4ever Год назад

@@BejaminCowen You missed the opportunity to spell your own name correctly...

@kinaedconchobar393 Год назад

Talking finances with people to be very emotionally charged. This guys charisma and presentation style really helps defuse that. If I was in the market for a financial advisor, this guy would make me feel confident and calm.

@namirahdotpdf Год назад

this guy should build a curriculum to be teached at highschools. this is a vital lesson about living a life.

@maiyojk6064 Год назад

taught*

@Synday Год назад

you can Google all of this in 10min

@nanwijanarko1969 Год назад

@@Synday True, but you got to know what to search first. And a curriculum is a good inroduction to things you previously didn't know but need to know.

@shaneharris7284 Год назад

I don't understand why this isn't taught in school? Like wtf. I'm an adult and don't understand exactly how any of this stuff works...

@fifthdimension5278 Год назад

@@shaneharris7284 cuz kids will groan and say “boring”

@anilbalram7768 Год назад

Honestly we need this guy back with a longer video just dumbing down his advice for everyone

@EmmyTheFox Год назад

He has his own yt channel tho, it's called BuildingBread

@marcmckenzie609 Год назад

Or you could just stop being dumb?

@saffiru Год назад

As someone who's been investing for over 20 years, this guy's answers are all 100% correct... he does a great job explaining it to people who might not understand it as well

@TheNaturalebeauty Год назад

I'd sssume he would only provide correct answers. He is on RU-vid for a well-known channel. The gall!?!

@TheBeastBony Год назад

Nope, first answer is wrong. He says two consecutive quarters of gdp. Should be negative gdp growth.

@CertifiedSlamboy Год назад

@@TheBeastBony ironically you got his error wrong as well lol

@10MAXEL10 Год назад

@@CertifiedSlamboy what did he say wrong, it's 2 consecutive quarters of negative gdp growth not 2 consecutive quarters of negative gdp

@Graphics_Card Год назад

@@10MAXEL10 could of been a misspoken term…

@jkimchi Год назад

What I've spent in years trying to understand some of these talking points, this guy explained in 15 minutes. This was so easy to digest and understand. Please bring him back for a part 2+!

@Edwin_Studio Год назад

this guy presented all the answers elegantly and no hesitation in his words. I need more something like this

@RuRuWebby Год назад

Talking about money and savings etc is usually such a stressful time for me that I tend to avoid it. This video came on autoplay but I'm so glad it did! Thank you for such digestible information without the added pressure and "you should be doing better/understand all this" attitude that I seem to see a lot of the time.

@lamorrafierro2573 Год назад

I was watching this so hard. I’m a 22 year old women. I have a good job that pays well but I feel like I’m not using my money wisely. Money talk confuses me and honestly scares me. I keep thinking about that lately. Hopefully I will make it through!

@MadisonS.Trivia Год назад

You will make it through! It may take a little time, but it’s worth it! Think of it as investing in yourself and your joy 😊 I love it when people start learning about finances! It's never too early or too late! RU-vid has some great resources that are totally free to get you started on understanding financial concepts. My faves are "2 Cents," produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are a helpful starting point for you! ❤

@airora_aerial Год назад

I read "The Simple Path to Wealth" by JL Collins, and it helped me to be less afraid of investing. I am now investing in index funds, as the book suggests. I highly recommend giving it a read!

@trexasaurus5322 Год назад

Graham Stephan on RU-vid is good. He talks about investing as well as debt leveraging

@prapanthebachelorette6803 Год назад

I’m about your age and think the same 😊

@ohhellnooooo8233 Год назад

You are still young the best investment is yourself. Learn as much as you can, including about how to invest! Hint: like he said boring is best

@maddiesanabria5047 Год назад

this was SO easily digestible information. Thank you very very much for this, as always. Love the people you pick for these videos

@TheSuperNats Год назад

Love his response, all the anti-college sentiment is going to get a lot of people stuck in dead end jobs and unfulfilled business ventures in life. College is way too expensive but community college is cheaper and can get you great opportunities

@welikelethabo Год назад

WE NEED A PART 2,3,4 and 5

@Bk-fr5ky Год назад

He just summarised everything I have learned in my post grad finance degree with in less than 15 mins with understandable language. That's impressive!

@roses.9181 Год назад

As a Financial Planner myself, I love the sound advice that's being provided! Great job!

@DG2TV Год назад

3:54 This is the most concise explanation of this particular concept I’ve heard. It also explains why rich folks who’s stocks tank end up brankrupt. Well done.

@tunkycool Год назад

Wishing everyone here the financial freedom they dream of. Go claim it!

@amakerhome3693 Год назад

Dope content, give this guy a recurring series, please.

@ghanighani6926 Год назад

I started a new business this month and I am meeting with my first client today. I would like to share with you my personal experience with investing, everyone needs more than their basic salary to be financially secure. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts .. I started investing in the financial market mid March 2022 with the help of a well-known professional. it's really amazing. Stay Motivated!! !!

@tahirisaid2693 Год назад

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.,>

@ghanighani6926 Год назад

All Credits goes to *Rochelle Dungca-Schreiber,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience......

@tahirisaid2693 Год назад

Heard many good recommendations about Rochelle Dungca-Schreiber by some YT channels, Seminars and other platforms..,

@madmachanicest9955 Год назад

Yeah 50 30 20 is a standard budget. That's been true since my freaking parents were in grade school. My question to you is what do you do when roughly 90% of your income is household expenses.

@condensedmilk Год назад

ikr

@AmedeeBoulette Год назад

Delirious.

@Cronuz2 Год назад

Plan for the future. Get a better job, live cheaper. Save money the next 10 years so the rest of your life is easier. And also, dont live in America.

@frankcastle1216 Год назад

Vote different!

@KH-iu3pe Год назад

@@Cronuz2 “Don’t live in America.”

@josaking717 Год назад

PLEASE do another video of this. This guy makes so much sense and I wish I was taught this stuff when I was younger

@jasonhammar3529 Год назад

Easily one of the best videos on here. Id love to see a part 2 or more videos like this.

@belovedchaos1 Год назад

This was so insightful! Please bring this dude back for more questions!!

@easy.peasey 11 месяцев назад

Thank you for explaining these concepts in the most simple way. I usually have a hard time trying to explain these things because compounding interest, and explaining tax breaks can be challenging.

@khalilahd. Год назад

As a 20 something still navigating financial literacy I definitely needed this 😭🙏🏽

@azmard4865 Год назад

I am 26 and felt that there is a huge room for improvement for my financial literacy. Certainly not easy when you always have your wants and it is insatiable at times 😭🤣☕

@MadisonS.Trivia Год назад

Hi! I love when people in their 20’s start taking deeper looks into their finances. RU-vid has some great resources that are totally free to get you started on understanding financial concepts. My faves are “2 Cents,” produced by PBS; Tiffany Aliche aka The Budgetnista (she has a book and a Netflix documentary out now); and The Financial Diet with Chelsea Fagan. I hope these are useful to you! 💛

@NadiaSeesIt Год назад

Keep down unsecured debt friend! (Credit cards)

@rodrigul3 Год назад

Yo this guy is on point 🔥. He should be a teacher! Explaining all that financial stuff but in a way I can ACTUALLY understand!

@XeusDeus Год назад

He must have a really really smart 4 year old.

@mlhmpton100 Год назад

Very informative and beneficial video. I will be sharing this with my college students. This helps ME. This is when the internet is a huge help. 👏🏾

@Commando303X Год назад

I think this is a pretty good segment, considering how much and how accessibly any person can cover extensive and complex concepts in an engaging way, and over only ~fifteen minutes.

@justvincenturb Год назад

These kinds of questions are questions that should not be answerable in a couple minutes. Kudos to this guy for actually doing it!

@randomrangoon5476 Год назад

This should be taught more in basic schooling i.e middle/highschool to start

@HouseMDaddict Год назад

There are financial management classes in a lot of high schools nowadays. Especially for kids going straight into the workforce or those who choose to not take advanced math courses. Kids just looking for a third math credit to graduate that aren't planning on college usually take a personal finance class.

@owl77 Год назад

Among all the things we learned in school they left out one lesson we sure need in life.

@AmaraJordanMusic Год назад

I think there should be an adulting class. Like how to cook basic things (not all of us had parents that showed us), how to make a budget, and how to change a flat tire. That kind of thing.

@thecreepycorner_ Год назад

he made his answers so clear and understandable. I felt like I could listen to him break down difficult subject matter into easy bites allll day! Thank you for creating accessibility to this knowledge area :)

@ezrasa6165 Год назад

Probably the best video I've seen on this channel.

@lowenheim Год назад

one of the best tech support videos i’ve ever seen!

@MrMoustacheNinja Год назад

This was super informative! Thank you!

@jennyjordison7708 Год назад

You explain everything so well. What a great video, thank you!

@azeraeth Год назад

Super interesting. Would be great to have Kevin back to do some deep dives!

@XevenYT143 Год назад

I like this Expert because I had trouble understanding some methods and terms but he's making it look easy that a 5 year old can understand

@WatchKek Год назад

Defo wanna see part 2!

@SlimmG8r Год назад

Buildingbread! Glad to see ya on Wired my man, great video!

@sanchezm194 Год назад

holy crap, this guy is dropping serious nuggets of wisdom for the average person. i took actual notes. Normally the money convo is scary but this made me want to take action. GG

@marcuscrossgrove1700 Год назад

My brother, you are the man. Thank you thank you so much for this video. Lord, knowledge is the key it's a lot of folks don't know this million dollar advice you giving man. I'm 45 years old and I'm just not learning this stuff. This is a blessing. Thank you so much again bro and you be blessed.....

@connoranderson7336 Год назад

Notice how this video only has 380k views but a guy answering coffee questions has 1.3M views and a guy answering video game questions has 1.4M views. It makes you wonder where everyone's priorities are. (Yes I'm aware it's just entertainment but something can still be said about the type of content that the masses consume). Just something I noticed. PS: Great video. Shoutout to Kevin.

@SuketuPatel Год назад

Really enjoyed this video - Great advice!

@troyisfilming Год назад

This guy is awesome, breaks it down in a way I can understand 👍

@gabrielaalvesdasilva9441 Год назад

This was a GREAT video, thanks ❤

@dancedricarevalo5326 8 месяцев назад

This is very helpful man, thanks!

@wendybowman5871 Год назад

Very good simple clear responses. Thank you.

@artxlife7236 Год назад

Give this man a RU-vid channel omg he’s so good at explaining these concepts in a way that not only makes sense but motivates me to act! Redoing my budget now since mama ain’t having fun with my money haha

@alessial.6243 Год назад

His youtube handle is BuildingBread. You can see his comment in the comment section above.

@artxlife7236 Год назад

@@alessial.6243 thank you, queen!

@teguharifandi3489 Год назад

Clear, simple and informative, nice

@isacjohansson790 Год назад

This is totally going to blow up, looking for part 2

@investedfemelle7564 Год назад

Great lessons. Appreciate your insight ❤

@personalrocket6291 Год назад

I love this specialist’s charisma ❤

@jarloes Год назад

This is the information we needed in high school. Great video

@luisfilipe2023 Год назад

Really great and useful questions and answers. They should show this to every 15-16 year old in the country

@MiVidaBellisima Год назад

This was Incredible!! I do a lot of investment research and still learned a ton

@mustafamalik4211 Год назад

My high school professor gave some very good advice on how much loan is worth taking for college: if your loan is less than or equal to the annual salary of your future job, taking that loan is worth it, otherwise its not.

@manuluh_ Год назад

thanks for that 50/30/20 tips. definitely gonna use that (after some tweaking though)

@johnreedy1417 Год назад

Been doing this for years it works so well! If you can, Set up a second checking and have your check send the 50 to one for bills, and the other 50 in the 2nd. Set up a auto transfer on pay days to move the 20% right away, always save first and spend later, to avoid overspending and saving whatever is left (usually less than 20% in my experience 🤣)

@angrialex3409 Год назад

@@johnreedy1417 what do u do when your bills make up 75% of your income?😂😂😂

@lennycrumb587 Год назад

@@angrialex3409 i would go 75/15/10 or 80/12/8. Just make sure to cover all your expenses while having some money to please yourself and save a little

@girlfriendg Год назад

omg this guy is so precious and very helpful love this guy

@ard1choke Год назад

So much good info here, and that suit is FIRE.

@lixiangyang5548 Год назад

Wow. The chapter of realistic budget is so helpful. I have actually seen this 50/30/20 something somewhere else. But it didn't attract me because of the annoying names and alias people gave it. So, perhaps what I need all along is a clean explanation like this one. Thanks, Kevin! 🙂

@paragonflash8937 Год назад

Honestly talking about fineances and money can be scary. Realistic and sad money is how people survive and live. Some are lucky and sadly some are not lucky. Not everyone has money for a roof over head and food on the table so it can be scary. But not gonna lie he makes talking about money and fineances comforting.

@rajaaminu Год назад

Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest into Real Estates or into Stocks? Which would yield better output.

@ibrahimfaizan6047 Год назад

Has got to be Stocks but of course, you have to be well informed on the right ones or better still, get a pro to handle it for you (that way, you save time and minimise risks). Made my first million this way earlier this year. One more thing, one can wake you up by 2am to complain about a leaking pipe, the other can't.

@steceymorgan814 Год назад

Very sound advise! I have been into both for long and though I won't say I have lost a fortune, I have squandered quite alot... If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...

@mav3420 Год назад

Why not both??? diversify!!!

@ibrahimfaizan6047 Год назад

@@steceymorgan814 Funny enough, I can honestly relate. It's not as easy as it may sound and takes some level of decisiveness and discipline. I don't know if I am permitted to drop it here, but his name is "Claire Anne Steinglass". Was in the news a lot in 2018. You may look her up online for more details.

@tehjargonz0r Год назад

Just wanna point out that Arizona iced tea is still 99 cents (in the US), the family that owns it refuses to raise the price

@jamespashley1333 Год назад

me watching this with under £5 in my bank account:

@madmachanicest9955 Год назад

I know right. I'm even worse off. Hahaha. Thanks to hyperinflation and the lack of any kind of social safety now that exists in the United States and the currency exchange between pounds and the US dollar you actually have more money than I do.

@jimmyadaro Год назад

@@madmachanicest9955 Hyperinflation? *laughs in argentine peso*

@macbuang07 Год назад

I thought this was some fake guru stuff but this guy's knowledge and articulateness is on point! 🔥👌🏼

@ethanel4222 Год назад

This was surprisingly very useful and interesting

@bender9000 Год назад

Arizona Ice Tea is still $0.99

@spliffsforbreakfast Год назад

I love being educated in a way that makes topics comfortable and easy to understand. I’ve always had a personal problem with being money motivated or having a “hustler’s mentality”. But I’m super creative and smart so I feel obligated to try and monetize myself and become more business minded… I’m just an artist at the end of the day

@w2tty Год назад

Fantastic video. Thank you.

@itswillielugo999 Год назад

I needed this 🙏🏼

@belindazhu271 Год назад

make this a series

@racheljames5755 Год назад

Loved this, more with this guy 👏👏👏

@wesleychapman9001 Год назад

As I'm studying for the series 7 this vid drops... what a great day.

@ethanvandy4241 Год назад

Please bring Kevin L. Mathews II back! They were awesome!

@Ustaleone Год назад

Finally, a financial advisor... I was beginning to think they didn't exist haha.

@willcx4 Год назад

My dads a financial advisor

@willcx4 Год назад

@@maxwelljacobfreedom I’m not american

@sethp26 Год назад

I exist 😔

@lauriekeats8538 Год назад

Great video, great advice!

@timothya.naisbett2202 Год назад

Loved this!

@cobaltblueog Год назад

awesome vid he explains them so well

@nicokelly6453 Год назад

Wow, very well explained, and great information.

@dnnguyen8582 Год назад

Can we get a part 2 please!!

@gelriez2757 Год назад

Currently pursuing my financial advisor licence here in Canada. I've always been intrigued by the financial world and how things operate. Learning is a continuous process. Slowly but surely, these subjects don't frighten or drive me away. Hoping to assist families in achieving financial independence and financial literacy.

@zavie3513 Год назад

I loved this video. It's so well-explained.

@YamikaniKalinde Год назад

Part 2 please

@hi-sj7cu Год назад

I like how there is a soroban abacus beside the laptop

@Mr.MallyMall 8 месяцев назад

That dude is really smart and he did a great job of explaining everything. Great video. Bring him back.

@mindtheprivacy Год назад

We need more of him!!!!!!

@NoName-id6rw Год назад

Very well spoken

@TooMuchFlipping 4 месяца назад

As an Advisor myself. This guy is 100% correct on everything he said. More people need to see this video.

@samiuzzamanaabir6783 Год назад

this is great!

@renanfelipedossantos5913 Год назад

Very informative video!

@CarrieMHB222 Год назад

That was helpful. Thanks :)

@Bombstark Год назад

Great video!

@user-oj9yd8ps7x Год назад

This channel is serving us great contents.

@jayfloramusic Год назад

My wife and I both have good jobs in IT but did not invest in our 20's. Now we are both in our 30's and all our friend's have 2 homes but we only have one. If you are 25+, PLEASE PLEASE PLEASE start investing. Don't wait till 35 like us. We regret every single day. It's time gone by that will never ever come back. My kids are also going to feel the pain,