Financial Advisors React to INFURIATING Money Advice on TikTok! 

Without a doubt that guy does not 'own' his lambo.

Skilless juvenile men with their get rich quick garbage will surely be washed away in the comes tides

dude learned the word leverage and AI and magically became a financial advisor lolol

To be fair hes not entirely wrong. AI is a immerging tech that has taken the world by storm, just like the internet. It will only get more popular and people are finding creative ways to monetize it and make millions very quickly. It will continue to expand and getting in early is very vital to seeing massive success with it.

There is no way to monetize a service which can be run locally and is open source.

The only “more debt” he will be going into would be from a loan shark, having collections when you apply for any type of loan or credit card is like the kiss of death

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well

What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom

*STEPHANIE KOPP MEEKS* , That's whom i work with

As an Internal Auditor, it has so many red flags

At Wells Fargo that's promotion material

Definitely a breach of data privacy regulations at any company I've worked for. Simply because you have access to data doesn't mean you should look at it. That is reserved only for business purposes and not one's social life.

I worked at PNC in HR. That guy would be fired on the spot. Especially since there is no union.

I thought i was gonna get a sports car once I had the cash and then once I got the cash I didn't wanna let it go lol

Yeah that's only $20 per hour. In many cities you'd be better off just working as a server or bartender in a nice restaurant, I know people who make more than that just off tips here in Austin.

I was thinking the exact thing, that this would (in reality) take a lifetime

These people really do not understand how big of a number 1 million is. You cannot do 1 thing a million times lol.

As Einstein said "Compound interest is the eight wonder of the world. He who understands it, earns it, he who doesn't, pays it." Don't just take the dollars, invest them. Get your dollars working for you.

And the best part is you get to keep that million if you don't eat, pay rent/mortgage, bills, commute, or spend a single penny in those 8.5 years!

My sister was gonna have her wages garnished too.

Yeah! Let's do as the Boomers did, and we can live fat and happy while we screw over Gen Alpha! Kick that can even further down the road.

Just buy a Lamborghini - it’s all Gucci, fam

Imagine during covid, ALL of your tenants could have legally just stopped paying rent for up to what turned into almost 3 years in some places! Insanity! Wouldn't have been able to sell them fast enough!

​@@DJSolisticaserves you right for being too lazy to get a real job.

@@dm2060 I'm not sure what your comment is directed towards, but never the less your ignorance is clearly very very high.

​@@dm2060most landlords have real jobs??? Loser

Came to say this also. The paying off the house isnt until after you're investing in retirement for his plan

The free space should be money guys mentioning the FOO

Bro, passive income, just go borrow a million and sit back and relax on the beach lol

This would be so funny !!!

Go Cougs!

go cougs

Absolutely. I started investing a little in my late 20's. Was putting 15% in by 30. My biggest regret is not maxing out a Roth IRA every year. I'm just going to supercharge my retirement saving as I'm hitting 40. Because inflation is so devastating. I'm targeting $1.5 million by 50. I figure I'll need $5 million by the time I'm 60 to equate to $1 million of before covid dollars. I've been starting talking with my 13 year old. She want's to start working next year. I'm setting her up a Roth IRA and am going to do a dollar for dollar match. For every dollar she puts in her Roth I'll match her. If my daughter can max out that Roth from age 13 to 23. She could come out of college with somewhere around $100k in a Roth IRA. That could grow to $1.8 - $6.0 million without contributing anything else to it in 40 years depending on rate of return (7-10%) If she keeps contributing $540 a month she could hit 10 million in a Roth IRA by Retirement. My guess is that tax free money is going to be worth way more in 40 years than it is now. especially with the socialist/communists taking more control in government.

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Julie Anne Hoover my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…

Finding financial advisors like Margaret Johnson Arndt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

Agreed. That's exactly happened to me. I thought we were doing great with our 8 properties until two people stopped paying rent and another tenant trashed the place. You never hear about that.

Yea...no wiggle room for something to go wrong like a tenant who misses payments or if there's a catastrophic problem.

My dad put an apartment in my name over a decade ago. Lost $160 dollars while I was in college in 2019.

I know people that had their credit damaged badly by their parent doing that. It is a horrible thing to do to someone.

@@gm2407 That's why you shouldn[t get a SS number until you join the workforce.

How is that even possible? Children aren’t legally allowed to sign contracts. Don’t you have rules like this in the US?

@@chgr4674 They fudge the details but use the social security number. It is dangerous as the child has to take legal action against the parent to get it overturned. Something that they are less likely to do despite the breach of trust.

A number of cults & MLMs have done that - they told people to borrow money, max out cards, etc. to finance their business or to get money to pay the cult. Big red flag.

Yup the father is commiting identity theft and most likely wirefraud

😂😂😂

But for 7 years his credit would be trash. Some jobs will be out of reach, apartments would be harder to rent, etc

Sadly it's common place.

@@userunknown7675 It's also fraud.

@@userunknown7675 yeah it happened to my best friend. It was the water and electric bill in his name. He had to get it paid off before getting his first apartment.

Shit had me dying dude omg if it’s real his son is so f’ed

Less than nothing had me dead

Yeah, ours is around $800 for taxes and insurance! Pretty cheap for a whole house, but not $0 like some people would think.

Ditto. Idk who pays their home off and "lives for free," but there's still expenses and maintenance.

You should never pay more than the minimum on your mortgage (which is hopefully a 30-year) if your interest rate is low, period

@@justthebrttrk you do you. baby step 7 and zero regrets.

How long did it take you to get to that step? We are not going to rush and pay off our mortgages at 2.99% and 3% in CA, throw all the money that we have into it for years and in the meantime deprive our kids from basically everything (after school activities, trips, money in 529, etc.), live like we are poor basically just because of fear (the rental can be sold and the equity can be taken out if we truly ever need it)

@@IrisP989 we had planned to do it in 10-15 years, but ended up doing it in 5. it shouldn't be about deprivation. you should being taking care of your needs, wants, and investments/savings first. assign a reasonable spend ratio for each of those categories and the rest can go towards the house. a breakdown of 50% needs, 20% wants, and 20% investments/savings would leave 10% to paying down the mortgage. what your ratios are depends on what your financial situation is and what your priorities are. does it make mathematical sense to pay off a low-interest mortgage early? in most situations, no. for us, the peace of mind and freed up monthly cash is well worth it.

​@hownowvihao It's about making mathematical sense. I have a 30 year 2.00% mortgage. It makes zero sense for me to pay that off early when other investments and even a CD could yield me a higher return.

Yes! I see this all the time, and as a former insurance agent, it drives me nuts.

Ooooh tell me more. Is that the same as whole life?

If you have a low interest rate on your mortgage compounding interest means you'll earn more money if you put money in high yield savings account. As long as you're earning more interest than you're paying, you'll end up having more money in the long run.

@@haybuhayko you are literally making my point. Yes, it makes sense mathematically speaking, but it has a risk involved. A paid off home, no matter what happens cannot be taken away.

That's my thoughts on tipping culture. Like I work in healthcare, my charges each days equal at minimum 10k. Like are you going to tip me 20% for just doing my job? I'll take an extra 2k/day. Now I will tip drivers, and I will tip servers. That's it. I'm not tipping a batista, I'm not tipping a landlord, I'm not tipping the priest, and not tipping the damn cow for milk for my cereal. Like this has become a joke.

They'd dispute the debt and file a police report.

Same. That's why my husband and I are paying off our mortgage early. Guaranteed 7%.

there's a reason why investments aren't well taught in schools, the range you have in your port folio is commendable, compounding is beautiful and well thought out.

This right here!! similar method I took too, currently monitoring my portfolio closely has been incredibly rewarding. In just the past two quarters, I've made an impressive $110k. It's fascinating to see how experienced traders can generate significant returns and minimal losses. This has definitely been a bold and exciting decision for me.

@@annMarien Your experience sounds fascinating. Would you be able to recommend a reliable advisor whom you have consulted with?

@@kristennn850 Ferrochrome securities, a financial firm, is widely recognized for their proficiency and expertise in the financial market. With comprehensive knowledge of portfolio diversification, they are acknowledged as an authority in this field.

@@annMarien How nice to see that these bot conversations don't just happen on Ramsey's channel.

For those unaware, Buffett avoided tech stocks for decades citing he didn't understand the businesses. I believe he hired potential successors around 2011 or 2012 and after years of their insistence, Berkshire bought some Apple stock in 2016.

To be fair, we also pay quite a bit in taxes here in the U.S. and we don't require financial education in school. And we have expenses (i.e. rent/mortgage, food, clothing, etc.) to consider. Though, as a rule, most people could retire millionaires with proper planning and saving from a young age. They just need to know how.