People Are In SERIOUS TROUBLE! YOLO Spending IS OVER

Подписаться 253 тыс.

Просмотров 186 тыс.

50% 1

The days of everybody spending money they don't have is coming to an end. And don't just take my word for it. All you have to do is look at recent earnings reports from companies like target Starbucks, McDonald's and they're all going down. People are being forced to cut back on spending just to afford the essentials right now. Just another sign of a "strong" economy...
Need a Realtor? homeandmoney.c...
======
My Filming and Editing Equipment
michaelbordena...
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordena...
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBremin...
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.co...
======
My Microphone (Lot of People Have Asked)
amzn.to/3Mhs2oz
Articles Mentioned in the Video
#realestate #housingmarket #homeprices #housingmarketcrash
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s RU-vid channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RU-vid, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

Опубликовано:

11 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 2,2 тыс.

@SeanTalkoff 3 месяца назад

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

@SteveDutton-v 3 месяца назад

Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.

@tmer831 3 месяца назад

Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.

@DavidCovington-st2id 3 месяца назад

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@tmer831 3 месяца назад

My CFA ’’Sharon Ann Meny a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@DavidCovington-st2id 3 месяца назад

I just googled her 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 caII.

@jbenson989 3 месяца назад

The false job advertisements are spot on. People all over the country are reporting about applying for jobs of all sorts, and never hear a word back.

@briandbeaudin9166 3 месяца назад

Huh, so they say. Who are these people? What are their skills and qualifications? Experience? How do you know that they aren't just losers?

@robertromero8094 3 месяца назад

@briandbeaudin9166 because even loses get hired when workers are needed..

@Drakken780 3 месяца назад

But why, why would all of these places say they need workers when they don’t? Is there a government incentive to be looking for workers?

@janedoe1404 3 месяца назад

I apply weekly, responses are you don't qualify, even though I have the experience 35+ years of retail, plus 2 degrees.

@UK-Expat-in-USA 3 месяца назад

You should NEVER apply to job postings that ask for your full home address, that information is only needed when you get a job offer from a company you have verified in business for X years, my advise is to give the address of your local Walmart when applying for a job, if it is legit company you can tell them you have recently moved to your real address!

@Danette2007 3 месяца назад

Our mortgage company called us and wanted us to take out a loan because we have too much equity in our home. They asked us, “Don’t you want a new car or a vacation of a life time?” We said NO…..we already have that and we have enough cash on hand. They wanted to know how much money we had in the bank. We told them it was none of their business. Sheesh!

@iworkout6912 3 месяца назад

Or don't you want our credit card, look at the vacation you could take to Norway or Europe. I'll jump right on that! Got that email today.

@Cruel_Shoes 3 месяца назад

I have been right so far about hard recession occurring at the end of 2024 or first quarter 2025. All signs point toward it. And so when these people go broke that were encouraged to pile on the debt, I feel no pity toward the lenders.

@Althea1111 3 месяца назад

Definitely don’t do it! Michael just made a video about this recently, did you see it?

@WildBikerBill 3 месяца назад

It was nice of them to call and let you know the mortgage business is piss poor right now.

@thearchedpromise3271 3 месяца назад

Same thing happened to me. I said no as well!!

@tatianastarcic 3 месяца назад

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

@Michaelparker12 3 месяца назад

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

@nicolasbenson009 3 месяца назад

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

@BridgetMiller- 3 месяца назад

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

@nicolasbenson009 3 месяца назад

Finding financial advisors like Melissa Terri Swayne 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.

@berniceburgos- 3 месяца назад

I checked Melissa up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

@theflightsimulationexperie6894 3 месяца назад

I’ve applied for multiple jobs and was told I’ve done very well in the interview process. I’ve been on 7 interviews. Not one of those places called me back and yes I have my sh*t together. I think you’re absolutely correct that there are job opening with no intentions of actually filling those positions.

@flamingofan5411 3 месяца назад

Absolutely! I’ve heard this from several different people.

@R68Ustolemyshiz 3 месяца назад

I'm seeing it too bro...

@linmal2242 3 месяца назад

Maybe they run those ads just to see who will turn up. Maybe they want to confuse or conscript the 'competition' !

@Twotone-ld1fb 3 месяца назад

I can see that, businesses can then tell their employees they have job offering out there but haven't gotten any viable applicants. Then they continue to make the employees they do have do twice the work for the same pay. Well maybe not all businesses do that but im sure some do to some degree. Also some businesses keep job postings always because then they can claim they are hiring which makes them look good.

@garethwilliams4467 3 месяца назад

@@Twotone-ld1fb I dont believe that. Recruitment is expensive especially if you are using recruitment agencies. Th

@T.Jones_Random_Art 3 месяца назад

No one can pay rent , buy groceries, see a doctor, get dental care, child care, medicine, so who is spending money when we are being starved

@mohammedjeffali1076 3 месяца назад

The people without scruples, without a moral compass, both low and high.

@blackworldtraveler3711 3 месяца назад

First world problems

@lilyoquendo3485 3 месяца назад

I canceled health insurance 🙁

@VgVi13 3 месяца назад

@@lilyoquendo3485 They don't pay their share anymore anyway.

@ellwoodwolf 3 месяца назад

.... In a country with 250 dollar guns......

@CaseyLVH 3 месяца назад

Everyone should quit spending so much! We need to let this economy crash

@rhondae8222 3 месяца назад

Agreed!

@BillySBC 3 месяца назад

It's pent up buyer frustration from the virus period, people couldn't get stuff and now they can. Same exact thing happened when World War 2 ended, took about 5 years to straighten out, we're now in year 3.

@lucianaromulus1408 3 месяца назад

Exactly. People complain but then support what they're complaining about

@alexlopez5800 3 месяца назад

It's inevitable & I think regardless if people spend or not, it's (The market) going to crash. Scary

@DesertDiamond_ 3 месяца назад

😆🤣

@kingglizzer 3 месяца назад

Went to my favorite pizza place for lunch today only to find out its last day in business is Sunday. They made it through 2020, but now it's not profitable. Fewer people eating out, higher input, and labor costs. 6 more people unemployed. Sad.

@BillySBC 3 месяца назад

Interesting, I have never actually seen a pizza place go out of business.

@JFEnterprize 3 месяца назад

He should do a big push on social media 😢 place by me does 1/2 price large pies pickup only. Did it through Covid too I think. $15 pie w/ the works. 😮

@mohammedjeffali1076 3 месяца назад

The small gym where my daughter did krav_maga went out of business. (Other than the economy)I think it was that they raised rents sky high. Our across the street neighbors closed their restaurant in 2018 when they first raised the rents. They were smart to get out and pivot to catering before they bled out.

@yellowbird5411 3 месяца назад

It seems that many restaurants, when faced with closure, should explore a smaller shop, a drive-through affair, or food truck. Some can make changes where they don't need as many workers or so much equipment that eats up electric. They can modify their menus, too. I know some have. If you look at other countries, they don't seem to have the oversized eateries that we do. They seem to be more "shops" where you give them your order, and you can sit at one of a few tables, or take it with you. Really good food will always get customers. But America isn't serving good food much any more.

@shanejones578 3 месяца назад

@@BillySBCa lot of places that rent or lease the building are going out of business

@LittleMopeHead 3 месяца назад

Kellogg's, Nestle, McDonald's, Burger King, KFC, too many to list. They are not getting any of my business.

@sct4040 3 месяца назад

You will be healthier and save $ on healthcare.

@linmal2242 3 месяца назад

@@sct4040 Veggies and Pulses. Plus a little Red Meat now and then !

@coleycole5344 3 месяца назад

Good riddance. Most of that poison is banned in other countries.

@blackworldtraveler3711 3 месяца назад

When do that ever matter? People have been saying things like that when I was buying McDonald’s stock at $2 a share years ago.

@chapman1569 3 месяца назад

@@linmal2242 There are so many options for healthy breakfast that can be made at home: pancakes, oatmeal, scrambled tofu or eggs. roasted potatoes, sausages. Homemade and freezable burritos! Good tutorials on YT.

@greendesertgoddess 3 месяца назад

Why does it take an economic downturn for folks to realize they don't need some things? Just reckless spending forever!

@beeeboopbeepboop 3 месяца назад

ever told someone not to touch something hot, and they touch it anyway and get burned?

@kevinkeeney6693 3 месяца назад

They get these ideas from their mentor. Uncle Sam.

@Twotone-ld1fb 3 месяца назад

Big government is setting the example. Borrow, borrow, borrow. Tell you are paying more in interest then you make.

@christinemowbray6116 3 месяца назад

People are looking for a “ fix “ to feel good .. spending $ stimulates the pleasure centers in the brain .. it becomes addictive if you don’t change your outlook on life ✨

@blackworldtraveler3711 3 месяца назад

I’m beginning to realize that the people posting complaining about things like how crappy restaurant and fast food taste now are probably the same ones that can no longer afford to eat there anymore and it’s their way of coping.

@polycarphunter2257 3 месяца назад

recession is when your neighbor loses his job. depression is when you both lose your jobs.

@aaron___6014 3 месяца назад

Enough with this saying.

@noahhamilton1026 3 месяца назад

Fear mongering seems to be very popularly with social media

@blackworldtraveler3711 3 месяца назад

Also called retirement. Retired debt free in my 40s.

@tchrisou812 3 месяца назад

@@blackworldtraveler3711 Congratulations man ! Any financial tips, ways of thinking or books to read?

@blackworldtraveler3711 3 месяца назад

@@tchrisou812 The Millionaire Next Door by Thomas J. Stanley and William D. Danko

@eloquentsarcasm 3 месяца назад

Blows my mind that so many people have less than 500 dollars in savings. So many coworkers and customers I see every day wasting money on frivolous, useless things. I live a Monkish lifestyle of frugality, zero debt, only utilities and rent, don't even own a vehicle as I hike to work and live in a small enough town that I can get to everywhere in under an hour walking. Great exercise as well.

@ellwoodwolf 3 месяца назад

Go watch the Patrick Marshall - you wish you had it - video....

@bencharlie9509 3 месяца назад

I know a woman who just got her student loans forgiven so now she gets massages all the time and is planning a 3-week jaunt to Spain. Your hard earned tax money at work!

@tommytomhan 3 месяца назад

I will only have about 1000 in my savings account by the end of the month. $18,000 I saved the last 2 years going to a new roof.

@DIVISIONINCISION 3 месяца назад

Monk Mode has saved your life, young eloquent. Live two levels below your means. 15 bean soup for dinner and lunch. This is your life now.

@eloquentsarcasm 3 месяца назад

@@DIVISIONINCISION Heh, I wish I was young, just an old grunt who lost everything due to divorce 20 years ago and had to rebuild from the ground up. You realize there ain't a lot you NEED, and some small sacrifices end up paying off later.

@CroisMoi 3 месяца назад

I went to a Dallas Cheesecake Factory at 1 pm today. It was almost empty. Previously you had to wait for a table. The food there is crap. It was someone’s birthday. It is so expensive, and reheated crap. They are going down. They have no standards at all now.

@bibleisholy7170 3 месяца назад

Their food is no good

@frankcorrea8691 3 месяца назад

Will it be another one bites the dust!😮

@pinschrunner 3 месяца назад

I wouldn't trust the safety of the food when no one is eating there

@blackworldtraveler3711 3 месяца назад

Wouldn’t know. I cook at home. Many of you have this weird addiction to restaurants.

@CroisMoi 3 месяца назад

@@blackworldtraveler3711 It was my friend’s birthday. I didn’t want to go there, and never will again.

@beachlife3572 3 месяца назад

Yes, my company has 400 job openings but never hires anyone...we had 16 in our group then 8....now 4 as of this week....all of us doing 4x more work, on call and being burnt out....

@Nick-ue7iw 3 месяца назад

That's your fault. Stop working do hard. They don't hire because you keep taking the work for free.

@JPHET37 3 месяца назад

Worked as a field technician for 21 years. I saw 2 Amazon worker delivered a package through a front lobby while I was waiting. I said to him I probably do what he’s doing delivering packages if I was laid off. It’s tough man he said I was laid off from Tesla as a production supervisor got to do it to pay bills

@divinediva6320 2 месяца назад

Google and Teslas laid off alot of employees!!!

@mikesrandomvideos 3 месяца назад

lets be frank.....We are looking at the biggest bankruptcy binge we have ever seen

@Frank-qs3pe 3 месяца назад

I’m Frank 👍🏻

@dogegamer3288 3 месяца назад

If I was named frank. I would say can I be Frank with you? And then chuckle. It Would be a hoot.

@justinlowry6522 3 месяца назад

And foreclosures

@paullittle6458 3 месяца назад

YUP... Aside from the "GREAT DEPRESSION" ‼️💯😓

@FATBOY2222 3 месяца назад

$7 for 1-cup Starbucks coffee or $6.54 for 54 cups of Walmart Great Value coffee lmao 🤣- I know what I choose at my house!

@janedoe1404 3 месяца назад

I buy the Wal-Mart Great Value, all the flavors are great, and the coffee is always fresh.

@DIVISIONINCISION 3 месяца назад

Reusable K-Cup and Sam's Club Medium Roast.

@FATBOY2222 3 месяца назад

@@awakenedone2396we buy the ice cream too and it’s delicious. My son and I like soft serve so we zap in micro a little so it indeed melts.

@bencharlie9509 3 месяца назад

Starbucks is overrated and it’s time people started getting that 411. Plus they treat their employees bad enough they want to unionize? That doesn’t happen unless people are inclined to cease being mistreated.

@benjaminwlang 3 месяца назад

Fortunately, I trust no one. The people I should have been able to trust the most took the most advantage. People just want money.

@debbiec6216 3 месяца назад

You sound like me , I have NO TRUST IN ANYONE .

@twocentproductions5326 3 месяца назад

Ya, my motto is cps,,,,😢cause people suck!!!!

@dogegamer3288 3 месяца назад

I trust Jesus(God).

@joshbamber 3 месяца назад

Whatever you do don’t question the room, everything else is fair game.

@broncobra 3 месяца назад

A good black friend told me some advice years ago I use every day? "Never Trust Whitey" Yeah, I'm white.

@actualfacts1055 3 месяца назад

Americans think that they are rich if they can afford to borrow money.

@bencharlie9509 3 месяца назад

Funny how that works out isn’t it.

@lindakelehan2934 3 месяца назад

Debt slaves and that's want elite want for us.

@3Torts 3 месяца назад

...what a great comment!

@bobbyf7317 3 месяца назад

Absolutely true if you can’t afford it, try not to buy it obviously, it’s much more difficult for families with young children

@windhammer1237 3 месяца назад

Well put!

@overthehilldill3626 3 месяца назад

As a trucker i despise this time of year. So many families even in these tough times are out here running around the country, buying all kinds of Chinese products cuz their brats are screaming at the top of their lungs. I really thought it would slow down a lot more than this. They'll learn soon enough.

@AshleySpeaks4U 3 месяца назад

I'm Gen X of a single mom, disabled since I was a minor. On disability since 9-11/01, and happy going without. A bicycle and roller skates with a few toys and games. We were not too expensive. But now, with all of these expensive and addictive techno-toys and toxic TikTok, good grief. Falling apart, yes. Jerry Springer society now. Sad. 😢

@AssetAddict 3 месяца назад

You probably don't realize that the average family traveling this summer doesn't have money issues.

@davidaponte7521 3 месяца назад

@@AssetAddictOh yes they do, they just think they don’t, but they do. The numbers prove it, but mainstream media along with their own gluttony does not let them see the obvious.

@TheReallDonaldTrump 3 месяца назад

@@AssetAddictmany are putting travel on credit cards and carrying a balance month to month paying 25%+ interest rates. If you have a credit card, you can travel too

@danamadala1793 3 месяца назад

So grateful to the huge favor my bratty teen gifted with goodbye 10 years ago. He’s been his irresponsibly financial father’s problem ever since and always will be.

@broncobra 3 месяца назад

Small recession? I went to Dollar General several months ago. I bought 2 - 12 pack cans of Pedigree dog food. Two 20 lbs - of cat food and 2 Tombstone pizzas. $100! WTF? I told the clerk, that don't look like $100? She said this country is going to hell. As I left, I wondered how she does it on her Dollar General salary?

@shanejones578 3 месяца назад

Ive always wondered how anybody makes it on those kinda salaries…

@ellwoodwolf 3 месяца назад

I was out riding my motorcycle, stopped for a gas station Gatorade, saw some good looking doughnuts ..... $9. I laughed and "no really" and she said " no it's really $9" wtf....

@rpbajb 3 месяца назад

The dollar store near me now has a five dollar aisle. Convenience stores are for the wealthy.

@Travisb238 3 месяца назад

Make sure your items are ringing up at the right price, Dollar General has had multiple scandals of showing lower prices on the shelf than what they ring up for.

@MusicLover-ui9sm 3 месяца назад

Dollar General is NOT cheap Compare prices in other stores Use app coupons

@beastbee0118 3 месяца назад

Man, i am SOO grateful to live rural Alabama with only a $47k mortgage! We bought our single wide mobile home new and put it on a plot of land in 2020 and the total cost was $57k. My 1997, Chevrolet Silverado is paid off and im able to save 80% of my paycheck (i make about $800-1,000 a week driving a big truck) home everyday. Life is good! I could not imagine living in a higher cost area. Our single wide mobile home has 3 beds and two baths, what more could you ask for? And we have ZERO neighbors so i can walk outside butt naked if i wanted to without a care in the world lol and i love being able to target practice my revolver outside as I please without worrying about waking up or annoying any neighbors. Our interest rate on our mobile home is 5%.

@JetJ321 3 месяца назад

So smart of you! Now you can relax and ennoy.

@BillySBC 3 месяца назад

Good job bro, you're doing it right. Not sure what work there is for most people in that situation but if you're making it work then good on you.

@derekspence7241 3 месяца назад

Awesome!

@schawnettarobinson8584 3 месяца назад

@@geocam2Where? What are the parameters?

@KarenBradford-rl2oo 3 месяца назад

❤Ssh! Don't tell anyone. Mobile homes for quality of life are the best kept secret in America.

@BenHeckHacks 3 месяца назад

8:25 "They'll try to do something to save the economy" Yeah. WW3.

@earthlynnone7383 3 месяца назад

🎯🎯🎯

@karlmalone2464 3 месяца назад

Or pandemic episode 2. Bird flu is starting up just in time.

@linmal2242 3 месяца назад

I don't know if that works any more; warfare is just too high-tech these days with years of training involved. Although Ruzzians are shoving conscripts into the face of machine guns just like WW1 ............ (World War One - Battle of Ypres) ! Talk about deplete your population; going to be a lot of lonely Russian widows and girls . !

@phoebejeebee 3 месяца назад

Support for ISIS in Syria was from giant concrete corporations...no joke.

@broncobra 3 месяца назад

No shit.

@michaelpowell7120 3 месяца назад

The older I get the more Medical I need. Spending daily on supplies for Psoriatic Arthritis. Everything has to be delivered and I am house bound now. Spending is daily. So I love the "do not spend" remarks. Makes me feel all warm and fuzzy. Health is fleeting..............................................in your 70's.

@broncobra 3 месяца назад

Good Luck and God Bless.

@tubes4ever570 3 месяца назад

I still think if big business hadn't shipped our jobs overseas to make more money for their CEO's, etc. the economy would be in much better shape. Where in any universe does a CEO deserve over 15 million a year pay+benefits?????

@julianacaulker2714 3 месяца назад

Agreed!

@mikesmith6461 2 месяца назад

Thank Reaganantics

@BillySBC 3 месяца назад

I guess living below your means is a foreign concept to most modern people.

@lucianaromulus1408 3 месяца назад

I half agree. I think people see the prosperity of previous generations and see they aren't getting that and aren't dealing with that reality in a healthy way. But I also believe people are reckless

@MrSteeDoo 3 месяца назад

yeah but I really really want that new sleeve tattoo! I deserve and it is so cool!!

@Mikefngarage 3 месяца назад

in a lot of cases it is near impossible right now. Especially in CA. Stuff is so much higher because of minimum wage increases and Government mandates that made stuff cost more.

@WasOnce. 3 месяца назад

Drive a 30 yr old car and buy used clothes yet live in a paid off house, my home brewed coffee beats the hell the hell out of $5 Starbucks. Still costs me about 90 cents with half n half. Look poor, be humble.

@T.Jones_Random_Art 3 месяца назад

Every one already live below means are you all serious right now

@SirCarlosMusicBMI 3 месяца назад

🎉🎉🎉 Hi Mr. Michael 👋🏼 I’ve been saying for the last couple years that we are ALREADY IN A RECESSION❗️ but I guess that a lot of people are just living under rocks 😣. Thank you for always sharing the TRUTH with us. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@DIVISIONINCISION 3 месяца назад

For once, I agree with you, Carlito. I still think you are a fool for staying in Califas, though.

@seanharley6432 3 месяца назад

This is actually a depression. We haven’t seen the worst of it yet.

@rodneyparker5313 3 месяца назад

Michael, Keep doing what your doing - Speaking the truth. There is a proverb that says, "the truth angers those it doesn't convince." Your voice is desperately needed, because those at the levers of power and control will lie right down to the very end. As the house burns, they will pee on your shoes and tell you its raining. We've reached the point where almost everything in this nation is non believeable.

@kathleenepugh9495 3 месяца назад

Yep! The truth WILL set you FREE!

@bencharlie9509 3 месяца назад

Agreed but sometimes I have to take a couple day break from Michael. The myth of scarcity does produce a self fulfilling prophecy. You have to be positive and follow his advice. Move your savings to high yields and save your money. Be prepared so a small thing doesn’t knock you off your game. Just keep silently building your wealth.

@steponmemommy9323 3 месяца назад

The truth cannot be told, it can only be realized.

@VinceTomJones 3 месяца назад

, "the truth angers those it doesn't convince." it sure does.. it infuriates them.....

@bujmoose3992 3 месяца назад

My wife and I spent all our stimulus money paying down our car loan. We retired a bit over a year ago with NO DEBT.

@DIVISIONINCISION 3 месяца назад

That's good, but what is your monthly fixed income?

@networth00 3 месяца назад

No debt, but had a car loan?

@bujmoose3992 3 месяца назад

@@networth00 Paid off the vehicle BEFORE we retired.

@linmal2242 3 месяца назад

@@bujmoose3992 Bravo !

@maryrenaud6732 3 месяца назад

Smart move. We are retired, no debt, only way we can afford life!

@mida8261 3 месяца назад

I run an eBay store and I'm noticing this in my store. During the pandemic years, it was impossible to keep items in stocks as my items would sell as soon as I list. This is the first year I'm noticing that it's taking a long time to sell things that would be off the shelf from the end of the week to the end of the day. People are not impulse buying my things like they were a few years back.

@sct4040 3 месяца назад

I sold most of my handbags in 2021-2022. It was a good thing I did. Fashionphile and Thredup has slowed down.

@T.Jones_Random_Art 3 месяца назад

The stores are cutting prices because no one can afford basic necessities

@debbiec6216 3 месяца назад

And the Manufacturing companies did this shrinkflation

@mitchellterry4961 3 месяца назад

They know it's a race to the bottom.

@broncobra 3 месяца назад

@@debbiec6216 Dollar General Campbells soup is like half the size you find at WalMart? WalMart Cambells soup is smaller than before the pandemic. I stocked up on it. I can compare it.

@debbiec6216 3 месяца назад

@@broncobra Cambells can have that soup, in my opinion, it has too much salt . I'll make my own soup .

@broncobra 3 месяца назад

@@debbiec6216 I agree? It was knee jerk reaction. KUDOs to you? Not many girls know how to cook nowadays? My ex didn't? you are a keeper! I made Thanksgiving, holy schnikie? YEARS ago? I did everything? Ex Wife was amazed. Her mom was amazed. It all turned out perfect? Different foods need to be cooked at different times, all that. Big spread? Everything? Skills that are lacking now..Good Luck and God Bless.

@VioFax 3 месяца назад

If you want to be alive tomorrow, stop spending today.

@ellwoodwolf 3 месяца назад

I ride a motorcycle..... There might not be tomorrow...... Lol or I just might be crippled and can't make enough YOLO LOL

@JohnBowl14690 3 месяца назад

@@ellwoodwolf - For sure. It's your life. I love motorcycles but I no longer want to risk it. I've had 4 of them in my lifetime. So much fun. If you think the risk is worth it, I would live my life to the fullest and ride it. If not, stop riding. There is no right answer.

@beeeboopbeepboop 3 месяца назад

@@ellwoodwolf also a rider. cost of tires and routine maintenance + average mpg with stop and go traffic and high torque < average sedan. this isn't he 60's anymore. you need to consider the increased stupidity of the public sharing the road with you.

@AssetAddict 3 месяца назад

I'm sorry, but I'm rich and you clearly are not. Simply put, it's the difference in how we see the same problem. You save, I panic and find ways to make more money. Saving never made anyone I know rich. I hope you understand my point.

@JohnBowl14690 3 месяца назад

@@AssetAddict - Most millionaires I know save. In fact Dave Ramsey says to save 15% of your check for retirement. However, he only has $200 million, so his opinion doesn't count.

@qrplife 3 месяца назад

Heck, I’m cautious about spending money I DO have.

@lindakelehan2934 3 месяца назад

Exactly!

@Spot4art 3 месяца назад

Smart. Conscious living matters.

@ellenhaas3769 3 месяца назад

As a retired bankruptcy court employee, I agree with you. Kudos.

@tek30 3 месяца назад

I fly a lot for work. Planes are full, lots of families traveling domestically and international. Fares are $$$$$! So where all these families getting the money from?? Maxing out CC??

@Johnny-bm7ry 3 месяца назад

Isn’t it obvious? Michael is a bit of a clickbait artist. Plain and simple he is mostly wrong about the economy.

@mrscassandrasolano 3 месяца назад

The top 20% are in a very different reality than the bottom 80%

@tek30 3 месяца назад

@@mrscassandrasolano Need to figure out how to get to that 20% lol

@Liimpy 3 месяца назад

The governments the worst at YOLOing our money

@LittleMopeHead 3 месяца назад

True words

@BigHoTzMuZik 3 месяца назад

😂😂😂

@blackworldtraveler3711 3 месяца назад

I think each individual is worse at it. No gun to head to get in debt up to eyeballs over stuff. Half the population already killed their retirement financial future alone just from things like financing of new cars and buying too much home they can’t truly afford.

@Liimpy 3 месяца назад

@@blackworldtraveler3711 fair enough, I don't disagree, I tell people all time that If you retire broke in America you're a duma$$.. when buying my house in 2019, the bank laughed at me for only spending 300k of the approved 700k they offered me.. im comfortably paying off my house and I'm completely happy with my choice

@rj-mc4ko 3 месяца назад

@@blackworldtraveler3711 agree. We should all live in cardboard boxes and not drive cars anymore 😃

@Mrivas55 3 месяца назад

There are no actual jobs available; job postings are fake. I have been looking for work for over a year and have applied for many positions and only have been able to get a temporary position without benefits. No bueno!

@ellwoodwolf 3 месяца назад

They have a ridiculously low pay.

@bencharlie9509 3 месяца назад

Temp jobs seems to be all that’s going on right now. Have recruiters emailing and messaging me all day about temp work. It’s ridiculous. Why should a person commit to a company when the company is not going to commit in return.

@md6886 3 месяца назад

😮

@dogegamer3288 3 месяца назад

They are not fake. Nobody is going to put out millions of fake jobs.

@justinlowry6522 3 месяца назад

@@ellwoodwolfand no benefits

@KathyPamela 3 месяца назад

Dedication and humility are the keys to your success. Keep shining.

@queen.mama.slots.5977 3 месяца назад

Of course they are ! Money doesn’t grow on trees like Gavin Newsome thinks it does in California 🙄🙄

@johnclement9370 3 месяца назад

It's Gavin Newsom, no E at the end...

@GwenClyde-iv7et 3 месяца назад

Yes it does as long as you have all those free lemon trees & different fruit trees growing wild on individual property. That probably why the Gov is in that mindset.😅😅😅😅😅😅😂😂.

@JBoy340a 3 месяца назад

In California money does grow on trees. And vines, fields of crops, etc. Largest ag sector in the country. Produced over $60 Billion, about 3% of the state's GDP. And that money is taxable.

@nanticokeroads8966 3 месяца назад

@@JBoy340aUnfortunately you have a Governor and politicians who like to spend like drunken sailors

@Gypsygirl9 3 месяца назад

But oddly, it growsvat the printing press.

@davidslate6506 3 месяца назад

Let's be real. The stimulus checks were enough to MAYBE cover a month of rent (especially Miami). Talking about it like ppl were filling up their bath tubs with these little stimulus checks is wild.

@filmbuff4 3 месяца назад

people actually book trips to Miami to party on those stimmy checks.

@justinebailey5333 3 месяца назад

Right

@davidslate6506 3 месяца назад

@@filmbuff4 My point isn't that people weren't spending the stimulus check irresponsibly, that's obvious. My point is there is no way you are living for free for years because of those stimulus checks. For those that used it to go to Miami, as you stated, that's all they could have done with the little amount of money that was given. My point is we shouldn't allow people to paint a picture of average to low income residents as if we are all free loaders for the past 3 years because the government provided a small amount of money to us when they decided to shut down services that caused people their jobs during COVID. Aim that towards the businesses that took advantage of PPP loans that were upwards of 50,000$ with no plans to pay it back or actually use it for business instead of personal or the squatters that have literally been living for free the last 3 years. This guy in the video like others, bash the average Joe and state stupid shit like "the stimulus checks made ppl spoiled and not want to work".

@AngelaNortonTyler 2 месяца назад

Thank you for saying this. It wasn't like everyone had buckets of stimulus money. I am also tired of hearing about how buying a cup of Starbucks coffee is preventing people from buying a house. SMH

@tonebonebgky2 3 месяца назад

Having fun? I'm so broke that I haven't been able to have fun for over 10 years and this recession is making it way worse, but for my retired mother we'd go under.

@sct4040 3 месяца назад

Go to the park, playground, free zoo days, walks. Bring lunch or snacks, drinks. All the free stuff is more enjoyable since there is no stress related to them.

@Spot4art 3 месяца назад

She must be a very wise homemaker and had a lot to teach you.

@chapman1569 3 месяца назад

Visit friends, play cards, join a gaming group, garden, read, join a book club. Volunteer. Some hobbies dont cost anything.

@tonebonebgky2 3 месяца назад

You don't understand my life friend, walks are borderline impossible with a severely disabled now an adult child, I've forfeited up my life in the attempt to take care of his extreme needs, trust me my friend my fun consists of one or two private days with my wife.

@tonebonebgky2 3 месяца назад

@@chapman1569 friends? I have literally 2, groups are impossible due to my son's severe disability, I despise gardening, reading isn't my thing either, and if I had a moment to volunteer with as exhausted and stressed out as I am I certainly would not give away my moments of me time and if I were able to I'd fully expect payment for any services, my son is severely handicapped and that makes my homebound and therefore basically my life is forfeit, but; thanks to the Internet I can watch lots of videos to see the interesting places I'll never have the ability to visit.

@WasOnce. 3 месяца назад

The stimulus never changed my life, and would have preferred not to have gotten the checks if it would have saved the US economy. I did not get any PPP loans, but heard of others getting them through their businesses and they bought a high end home to rent.

@benton-benton 3 месяца назад

It was all extremely unfair. But what else is new?

@sliphere011 3 месяца назад

Have you looked through the PPP database? It's public. And they did absolutely 0 vetting. There are fake LLCs on there called "finna get a hellcat llc" with 1 employee that got paid out and forgiven... Go figure. There are youtubers who make compilations from the data.

@may86bear 3 месяца назад

Like many things going on today; including overbuilding. The Post Covid Hangover 😮 I continue to see restaurants closing left and right. People are not eating out much anymore. Being somewhat busy on the weekends doesn’t pay the bills for the rest of the week 😢 When the credit cards finally runout then the reality will sink in🤔

@yellowbird5411 3 месяца назад

As I said on another channel, companies are playing us like a violin. They squeeze for years, then when we fall over gasping for lack of money, they give all this promotion about how they are slashing prices to help us out. This push/pull/push/pull is so scammy. Scammy is not a word, my word checker says. But it should be. It's like taking everything a person has, then giving them back a dollar and expecting us to be so grateful for the pain to be lessened a tiny bit, we will fall to our knees and be so grateful for their big heart. Companies should tell it to all the people priced out of every day living who are living in their cars or in tents with their families. Corporations have one loyalty, and that is to their shareholders and investors. We are simply the fertilizer that makes the plant grow.

@robertmanley2687 3 месяца назад

Amazon has 2 million employees.

@francismarion6400 3 месяца назад

Dude you don't have to buy that stuff! lol

@clairelivefreeordie2551 3 месяца назад

@@francismarion6400I think you're misunderstanding his position. Corporate greed is indeed a huge problem in the US & has been a contributing factor in the out of control illegal immigration crisis we're experiencing now

@francismarion6400 3 месяца назад

@clairelivefreeordie2551 It sounds like a moderate Democrat talking point the way uou put it. What's really happened is the Socialist engineering that's been implored in our learning institutions since the 60's, has manifested itself in a familiar corporate/government partnership we haven't seen since 1940's Italy. These ivy league ceo's are more than happy to do their part even at the expense of their shareholders. Don't lump all us business owners into the same team though. Because that's what the USSR did to it's farmers and business owners.

@debbiec6216 3 месяца назад

*You are 100% correct*

@treee4603 3 месяца назад

Starbucks is into greedflation. My drink went from $4.95 to $6.12 in 7 years. It is not worth it anymore.

@googleuser868 3 месяца назад

My 25 cent can of pop went to 35 cents after Covid inflation. Can't buy it for 6 bucks a case on holiday sales. Now it's $8. At least it's still the same 12 ounce can it's been for decades.

@mattm1686 3 месяца назад

It wasn’t worth it when it was $4.95 and now it’s not really worth it at all. You can make coffee at home. It’s not hard it’s water and some beans.

@treee4603 3 месяца назад

@@mattm1686 You are right but I became addicted to the chemicals used in the mix I bought. I didn't really get that until I became a real asshole when I didn't have one, per my husband. I would sweat and just be bloody uncomfortable. I thought I just really "liked" them the same way people like drugs but I was just stupidly blind.

@albertmarnell9976 3 месяца назад

Expensive weddings are absurd too! With elopements you'll pick up a marriage license from the County Clerk and Recorder and you'll sign it on the day of your elopement and then have it filed after its completed. I refuse to go to weddings anymore. I wasted so much money on others and then never saw them again. F-'em! I always sent a good check but rarely attended. In the future...no check, no attendance. Invite me to your divorce proceedings. That is the reality of most marriages.

@mikesmith6461 2 месяца назад

No.more funerals

@albertmarnell9976 Месяц назад

@@mikesmith6461 I will not go to the religious service but might go to the funeral and guess what? No one notices because they are thinking only about themselves. For a dear longtime friend will I go to a funeral.

@class1188 3 месяца назад

I never received a penny STIMULUS all I know is people has kids while drawing child support at very same time. Not everyone lived off of or was spending Stimulus checks. 😊

@KayFabe87 3 месяца назад

Same here. I didn’t qualify to receive any “stimulus”, I only qualified to fund it.

@user-qy9tf2im7f 3 месяца назад

@@KayFabe87 Me too????????????????

@SomeUserNameBlahBlah 3 месяца назад

Everyone knows this already.

@tamimoncrief2264 3 месяца назад

Sellers, we don't want your OVERPRICED homes

@joelmogensen579 3 месяца назад

As a truck driver I worked 276 consecutive days before a day off during pandemic and since I was employed received no stimulus money.

@jamesgibson4100 3 месяца назад

Yeah, they prevented a recession and we now have a Depression, if not outright total collapse, staring us in our face. And it, combined with the society we now have, not just in the US of A, but in the World, it is going to be very, very ugly.

@jbucciny 3 месяца назад

@@geocam2hidden recession gdp is high because of immigration and inflation

@Oldeagle66 3 месяца назад

I always lived below my means. I'm cool and even saving.

@ellwoodwolf 3 месяца назад

I tell younger people that just breaking even with your check isn't good enough, you have to save, life will find a way to cost you, and if you're ready it's not a big deal, not prepared and you're in trouble

@EvelinHolmes 3 месяца назад

I live below my means but the utility company still raises there prices,so does the property taxes and the insurance companies. The only thing I can’t drop is the cable. Husband is partly disabled and that’s his only distraction from pain.

@1UchihaItachi 3 месяца назад

What stimi money? I got about $4000 but I have lost 10 times that to inflation by overpaying for everything. Those that stole millions of PPP loans and then filed for loan forgiveness are the ones that retired as millionaires

@broncobra 3 месяца назад

I'm going to retire as a "hundredaire", lol

@Kit-Ballou3664 3 месяца назад

Many already were multimillionaires. Had the sniff of pay off.

@luciengrondin5802 3 месяца назад

The fact that government spending counts as GDP has always blown my mind, and not in a good way. If governments suddenly decided to pay people to dig holes in the ground and other people to immediately fill them again, that would count as GDP. It's utter nonsense.

@sportsman4545 3 месяца назад

J Lo canceled her concert tour because ticket sales are bad.

@wendypanozzo9133 3 месяца назад

She's not popular. That's why.

@Chicago_Clout 3 месяца назад

Her cat is worn and toen

@georgedreher2322 3 месяца назад

And, she is getting ready to go thru a divorce.

@SomeUserNameBlahBlah 3 месяца назад

If this happens to Tay Tay, then we'll know it's real bad.

@tooch1180 3 месяца назад

Washed up 50 plus year old. Good

@terrynichols7199 3 месяца назад

Santuary cites such as Chicago and New York City and the immigrant problems adds a new dimension to the upcoming economy.This stuff brings up serious issues down the road.

@KayFabe87 3 месяца назад

All worth it for the dems if they can convert them all into voters. The dems are playing the long game on this issue in order to create a complete one party system. They don’t care about the suffering they are causing to the citizens they claim to care about.

@annagulaev 3 месяца назад

Individuals only received a couple grand. It isn't still a factor four years later.

@bullforcetrading9995 3 месяца назад

Exactly, those stimmy checks have been gone.

@pt239 3 месяца назад

No company and U.S. govt is yolo spending

@deanbeaudoin4324 3 месяца назад

Small businesses got many many thousands in stimulus money. My friend's garage door company got $70,000 in stimulus money and operated the whole time.

@georgedreher2322 3 месяца назад

@@deanbeaudoin4324 Tom Brady got $1 million for his clothing line. I don't even think the company exists anymore. Like he really needed the money... right ??

@Resmith18SR 3 месяца назад

@@georgedreher2322 Tom Brady is a total POS. He should be in prison for PPP loan fraud.

@brianborkowski5977 3 месяца назад

I also called it revenge spending because people were locked in from the Pandemic. When they finally could travel, they acted out and spent more then normal because of anger about not seeing families or having experiences for 2 years. They also acted out of fear because they never knew when the government would shut things down again. It's like being gilted by a lover multiple times

@cm467 3 месяца назад

3:20 Why would anyone pay $4.49M on a house when FL will be underwater soon?

@kellynumberone100 3 месяца назад

You’ve inspired me to ramp up my budget…just consolidated 2 high interest loans TODAY!!!! Now at 0%!!!!!!! I just freed up 100’s of dollars a month, back into my pocket. It took me 1 1/2 hr on the phone, and I’m floating. Cutting back on spending lately too. Keep up the good word! 👊🏻 Thank you

@captdread2013 3 месяца назад

Good for you!

@yellowbird5411 3 месяца назад

It's likely that if you look really hard at the rest of your bills and obligations, you can find other areas that will also save you money. I had to be counting potatoes on my counter to see if I could eat before I called my insurance company and was able to bring down my insurance payments by $1,200 a year. Doesn't sound like much now, but back then insurance was only a fraction of what it is now, and I had four properties where he was charging me for stuff I didn't want or need. He ended up losing his license. I never got my money back. Same with car insurance. Geico was charging me for stacked insurance when I didn't have any other driver for my car. That went on for years, because I didn't know what "stacked" meant, and didn't read my insurance statements right. Never got that money back either. There was NEVER another driver for my car. I think all of us should call these guys once a year and compare prices with other companies.

@kellynumberone100 3 месяца назад

@@yellowbird5411 you got it! It’s amazing how minor tweaks, can make a huge difference. It takes a bit of effort, but in the end it just keeps your momentum going to look for other things you might be able to toggle. Good work to you, I’m sorry to hear you had to get to that place in your life. It’s scary. I know how it feels to have nothing. So these wins (no matter how small), can feel like gold! 🎉

@sct4040 3 месяца назад

Yes, transferring my cc card balance to a no interest cc saved me once too.

@bencharlie9509 3 месяца назад

That’s good news. Any money you pay in interest is money you’re just throwing out the window. It’s better to knock it out and get rid of it rather than throw your money away.

@Milaa801 3 месяца назад

I am so mad about job postings. Applied 100's jobs and nothing... dead!!! 😢

@kathleenepugh9495 3 месяца назад

Keep your head up!👍

@bencharlie9509 3 месяца назад

Chin up and keep applying. You’ll land something.

@dogegamer3288 3 месяца назад

Are you willing to compete with Indians, chinese and filipinos on price?

@dogegamer3288 3 месяца назад

Its because you are likely applying to remote work.

@lesliejackson3310 3 месяца назад

And so many incorrect job listings out there. It should be illegal to clutter up websites with incorrect job listings

@Eric721. 3 месяца назад

One thing I haven't seen people talk about I would like to understand. Furniture stores I walked into a furniture store, and a set of furniture is over $3,000 on the cheap end. They even had just basic recliners for over $1,000, and the salesman walked up to me and said today is the last day for Memorial Day sale and 0% interest for 3 years. I had no idea people got furniture on a payment plan. I was just looking to replace my sofa and love seat in my RV. I was in complete stickershock. So how will these furniture stores stay in business with those kinds of prices.

@mohammedjeffali1076 3 месяца назад

Yes this is how it is. The stuff is not worth that, but they price it to the point you have to finance everything. Stores. discovered that they make much more off of financing.

@mohammedjeffali1076 3 месяца назад

I think you will see some go out of business. People will be more wary of financing with increased interest rates.

@VioFax 3 месяца назад

All for particle board 💩

@elamd 3 месяца назад

Shop at Ikea

@ledzep3692 3 месяца назад

I am looking for a sofa or loveseat for my apartment but after recently seeing these furniture prices, I'm thinking about settling for a cheap futon from Walmart but then again I'm Starting to appreciate the empty space more and more everyday. 😂

@workingclassless84 3 месяца назад

A consumer economy is not sustainable. Everything is overvalued. If you can't make it on your own swallow your pride and consider moving in with family to split living costs. Then prep for a dark future.

@privatepilot4064 3 месяца назад

People have absolutely, positively no idea of the horrors that are about to occur in this world. Talk about cognitive dissonance, those who are left will understand the term. Sad, but very true.

@linmal2242 3 месяца назад

???

@sierrasky2491 3 месяца назад

What horrors?

@blackworldtraveler3711 3 месяца назад

My mom is 102 years old and laughs at this.

@sierrasky2491 3 месяца назад

@@blackworldtraveler3711 same age my mom would have been. They lived through hell and came back to tell about it. Good for her

@privatepilot4064 3 месяца назад

@@blackworldtraveler3711 If 102 year old Mom laughed at, then you good. Don’t worry about it.

@carlariggs525 3 месяца назад

My observation is that young people are still spending on frivolous wants and going into debt; and seniors are spending on mostly necessities and accruing very little debt. I ordered takeout for the first time in 5 months & have only spent $50 on used clothing in the last year. I think in the next year, we will soon see who is financially smart

@Oldeagle66 3 месяца назад

About the same for me. Sometimes a $20 treat once in awhile.

@broncobra 3 месяца назад

Wife of the year material!

@JP-xq7fo 3 месяца назад

Yeah that’s right! Screw the young’s! That’s how us olds will win!

@katydid2877 3 месяца назад

@@JP-xq7fo How does living below your means screw over young people? I see little girls crying on TikTok about not having money but they have salon highlights and nails, with an $8 coffee in the cup holder. Those are wants, not needs.

@pnketia 3 месяца назад

I noticed a lot of young college women are spending on trips abroad, clothing and experiences even though those same women will complain about their student loans.

@Cyberdemon1985 3 месяца назад

Toyota is laying off 1,300 jobs in the USA.

@BillySBC 3 месяца назад

Well maybe Toyota should give us back the little small 4 cylinder 5-speed pickup trucks and cars that were fun to drive and easy to park that they used to give us for a cheap price? All these car companies do is offer you these gigantic vehicles for $100,000+ dollars and then they wonder why there's nobody at the dealership buying cars.

@asajayunknown6290 3 месяца назад

I love those little trucks. Have a '95 Isuzu in the driveway. They won't come back any time soon. CAFE regs. And greed. Entire automotive market has gone to the fewer units, higher margins paradigm.

@MrSteeDoo 3 месяца назад

Doesn't mean a thing.

@orbitalair2103 3 месяца назад

1,300 ?? thats nothing, they employ about 8000+ in my town alone.

@orbitalair2103 3 месяца назад

@@asajayunknown6290 yeah, 2030 year that laws go into effect banning gasoline vehicles....so why make them ?

@Gypsygirl9 3 месяца назад

Remote work was increasing before covid. Lots of companies had and still have remote workers. I work for a global company and on my team of 45 people, we are located across several states and a few countries. Programmers and IT people can work from anywhere, as can call center agents and AP, AR positions.

@homelessmillionaire1 3 месяца назад

The vast majority of ads on RU-vid and Instagram are scams, including RU-vidrs trying to sell get rich without working formulas and courses. Dan koe

@tooch1180 3 месяца назад

I keep hearing about all this stimulus money. If I got $3000 total it was a lot. Covered 1 months rent. I don’t understand what money we are talking about that I never received.

@mattcardarelli 3 месяца назад

My friend was collecting unemployment and he was getting like $600 or $700 a week. It was unreal. He rode it out for a year and a half. I think that’s what they really mean. Larger than normal unemployment checks

@francismarion6400 3 месяца назад

Some people got 3 of those and also had their rent on pause for 2 years.

@KarenBradford-rl2oo 3 месяца назад

@@mattcardarelliHere in Washington state, the $600 a week was in addition to their unemployment. Everyone we knew, younger people, did any work at all. They're all working now.

@bencharlie9509 3 месяца назад

@@francismarion6400the rent was never really paused. Landlords couldn’t evict people for not paying as long as they were applying for the government bailouts for the renters that happened during that time. There was more money going out than just unemployment and stimulus. There was a whole bunch of subsidies. For example the former mayor of Baltimore bought a summer home in FL with the gov money she got for employees she employed but couldn’t have them work due to the shutdown. She was convicted of fraud and a whole host of other charges but many business people took that money allegedly for their employees but they pocketed it for themselves. Sad.

@francismarion6400 3 месяца назад

@@bencharlie9509 2 wrongs don't make a right for sure, but a moratorium was placed to prevent landlords from collecting rent.

@jongonegone1262 3 месяца назад

during covid, people went koo koo, koo koo hasnt changed, we never got back to normal after the pandemic. DOOM IN JUNE, SPEND IT ALL.

@Mikefngarage 3 месяца назад

yea were not making it till the election. Things are going to crash bad before that

@brianf761 3 месяца назад

I was kind of bummed out at first that the pandemic didn't affect me in the slightest, sans the faster travel times to work. Looking back, maybe not changing my habits at all will work out for the bestm

@topicalstormofficial 3 месяца назад

@@brianf761100% the commute was the only positive change for a lot of us.

@paullittle6458 3 месяца назад

YUP....We "NEVER RETURNED TO NORMAL BEFORE THE COBID YEARS 💉💉💉" ‼️💯😓

@blackworldtraveler3711 3 месяца назад

During Covid I volunteered taking off March through May from work without pay. No debt or financial issues. Large well stocked walk in pantry,refrigerator,and deep freezer. Did a lot of home projects,online gaming,fishing,biking,hiking,binging,stock trading,gardening,horseback riding,etc. Then I retired 16 years early debt free with a very generous early out package in June 2020.

@paincalledliving 3 месяца назад

Hope everyone enjoyed their "free" money. Reality is coming to collect and it has zero F's to give.

@BillySBC 3 месяца назад

What was the government supposed to do during a time of national emergency, let people starve? It was the right thing to do at the time, what people did with the money is on them.

@francismarion6400 3 месяца назад

@@BillySBCNo the right thing to do was not lockdown mom and pop gyms and barber shops.

@eradicator187 3 месяца назад

We're Lovin' it...

@Joeainthere73 3 месяца назад

How will we all emerge at the end of this? Under more control? Less free to disagree? Under gag orders? Broke? Jobless? 43% still say in polls that we are doing great

@MusicLover-ui9sm 3 месяца назад

@@francismarion6400 Hundreds of millions of lives were saved in the USA because places were shut down Educate yourself

@markm391 3 месяца назад

The inflation over the last few years has been horrendous. Never seen anything like it

@mikesmith6461 3 месяца назад

Reaganantics

@eddiekulp1241 3 месяца назад

@mikesmith6461 really , with all the democrat presidents since him

@Kit-Ballou3664 3 месяца назад

@@eddiekulp1241Carter wanted us to be frugal and pay more without borrowing. We went into recession. Reagan blew that right out of the water with lots of borrowing. People were ecstatic it was good times again but didn't understand they were creating a ticking time bomb.

@JustJaneOYVEY 3 месяца назад

My roommate went to go apply for a job that's been advertised... And they're waiting on the building to get finished before they're even hiring they're just piling up applications.

@bobs1356 3 месяца назад

Shirley here, that's what makes me mad when a immigrant come over here, the get Ssi medical and food stamps. I know this for a fact.

@annjames1837 3 месяца назад

Free housing and education too

@bobs1356 3 месяца назад

@@annjames1837 I have a friend that told me this because some one in her family told her all the free stuff they are getting. It's just unbelievable.

@MistyMcCarthy-cf3kx 3 месяца назад

this country is doomed

@shanenice5380 3 месяца назад

That is true.they told my mom to cheat the system

@bobs1356 3 месяца назад

@@MistyMcCarthy-cf3kx As a American I feel the same way.

@julitakamaki4386 3 месяца назад

18:24 Wait wait wait. Owning a house when you start a family is not just some social stereotype. Owning a house means you will be staying in one place for a prolonged period of time and you won’t uproot your children at a young age. Stability is important for children. Especially in their formative years.

@bencharlie9509 3 месяца назад

Okay got that but kids don’t care about house ownership. That’s a myth the parents use as an excuse. Like he said in the video, kids love the excitement of moving.

@garethwilliams4467 3 месяца назад

but you don't have a right to it. Maybe don't have kids if you can't afford all the things you think they need.

@odessajackson4551 3 месяца назад

Michael I love the fact that you don't let the bullshitters... bullshit you!!!... keep it real Michael be a realist!!!

@Jackg1949 3 месяца назад

As a musician myself, I thought the same and also went to the Sam ash website. For a moment I was thinking like a little kid….heck yes. Thanks for all you do Michael, I watch you every day. Your reporting has always been spot on. In November I will be 75. Never in my life did I expect things to be this bad. As my dad would say when things were going bad, “it’s a mess, it’s a mess. Like your wife my dad was Portuguese from Brazil. When I had friends over they would ask why is your family always arguing, I’d say they’re Portuguese they always talk load. Anyway take care my friend, Jack (Joaquin)

@Lisithedogwalker 3 месяца назад

I also thought, it looks too good to be true!😅 Thank for supporting his channel Jack!🙏

@lisagardner903 3 месяца назад

I will not go out for fast food anymore because of the rediculous prices! I went to Burger King and 2 Whopper meals cost $26 and Taco Bell was $20 for a few tacos and a drink. Fast food is terrible for you anyway and it is much better and cheaper to just pack a lunch.

@timr31908 3 месяца назад

They talk about a recession. And if we're in one or not.and they never bring up a depression... I think whatever is worse than a depression is what we're headed for.. what will be quiet about that.. and we'll keep sugar coating everything... America's good for that

@cgrilley 3 месяца назад

You always talk about the stimulus checks people were given during the illness as "lots of feee money". A couple of thousand dollars isn't a lot of money. The PPP loans and massive FED wall street bailouts via a massive increase in the money supply in 2020 is what really knocked the economy out of whack.

@anthonykence9954 3 месяца назад

Does anybody think we are headed for a Depression .

@BillySBC 3 месяца назад

No, we're headed for a recession eventually, and then a bull market eventually, and then a recession eventually. Repeat as necessary.

@francismarion6400 3 месяца назад

yep

@shanejones578 3 месяца назад

More like 91-92 Russia.

@shanejones578 3 месяца назад

Or even 50s-60s China.

@analyticalhabitrails9857 3 месяца назад

Don't let it shock you, when the american dollar collapses. It is all intentional. All by design. It is all working like it's supposed to!!

@CivilizedSavage 3 месяца назад

The tree behind you at 22:00 is insane. How anyone is willing to leave that leaning over their house is completely beyond me. As an arborist, I'd bet that they will regret hanging onto it.

@njprepper8601 3 месяца назад

Many huge trees also along Norfolk Southern freight lines. I reported them several times and requested they either trim them, prune them, brace them or cut them down. They said they don't know if they have enough money in the budget. I said think about East Palestine. That catastrophe should have never happened. They put profits over people. They run these freight trains at top speeds, on rickety old rail lines from 100 years ago, and run them with now exponentially longer train cars, and much heavier cargo and carry combustibles and hazardous materials. I reported Norfolk Southern to the DOT. They are extremely negligent and many trees have fallen onto the tracks. They really don't care. I told them their trees that are a bunch of golden locust bean about 100' tall will fall either on the tracks or on my house. They are on Norfolk Southern property. They don't even hire arborists to evaluate the trees. They refused to even when I requested they send an arborist. I really despise that company. They pay their ceo's top dollar at the expense of public safety.

@getoutced 3 месяца назад

I’m in the house right now😂 I actually like driving my paid off Honda Accord better than My Audi!

@chrisweidner4768 3 месяца назад

Exactly. Bought a 2009 Honda Accord 2dr. V6 6 years ago. Still runs perfectly. Hope it outlasts me.

@DIVISIONINCISION 3 месяца назад

Audi's are a waste of money. My VW Passat TDI is better than anything Audi produces.

@brucecollins7424 3 месяца назад

My company allowed the hybrid model until a few weeks ago and then they announced everyone is back to work for five days. That is difficult as I am currently taking care of my mom with dementia. Not sure what is going to happen. Love the content, thank you.

@JustDItY 3 месяца назад

No wonder they're calling everyone back. You were all doing something besides working.

@thearchedpromise3271 3 месяца назад

🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽 praying that all works out well. Fear not!

@bencharlie9509 3 месяца назад

@@JustDItYtaking care of someone with dementia is work. Hard work. Shame on you for trying to shame someone for doing the honorable thing by their sick relative. May you never feel that pain in your life or much less be taken of by someone in your later years.

@squidnerful 3 месяца назад

My grandmother taught me to add up what you spend each day on a piece of paper typically she would spend $1 to $2

@Juliet875 3 месяца назад

Job market/numbers all Smoke and Mirrors. People are working 2/3 jobs just to get by. Thanks Michael and Happy Thursday!

@plica06 3 месяца назад

These Florida neighborhoods looked especially nice! Range Rovers and Tesla's outside every house. Gorgeous sun shining and endless blue skies.

@robertrodriguez5354 3 месяца назад

I'm a retired Sr. VP of a major commercial real estate company (50 years). A good friend asked me to look at this video and tell him what I thought. I don't want to agree with you, but unfortunately you're right. The numbers don't lie.

@Lisithedogwalker 3 месяца назад

Thank you so much for watching Robert!🙏❤️ This is Lisi, Mike’s wife. I read your comment to him as he is now planning tomorrow’s video.😅

@rpbajb 3 месяца назад

Talk about lack of employees, I was served lunch in a restaurant today by a robot.

@BillySBC 3 месяца назад

Was it nice to you?

@rpbajb 3 месяца назад

@@BillySBC Yes, it told me to enjoy my $17 cob salad.

@BillySBC 3 месяца назад

@@rpbajb Nobody likes a wiseass robot.

@briandbeaudin9166 3 месяца назад

Did you give it a nice tip?

@rpbajb 3 месяца назад

@@briandbeaudin9166 I should have, at least it didn't spill the soup.

@VenturaIT 3 месяца назад

$2m house in my neighborhood in Ventura, my friend built it... couldn't sell it... the 2nd or 3rd realtor sold it after it sitting for sale for 2 years to an investor for an increased price who the realtor lied about and made up a story that they were selling it due to health problems and that they lived there (they didn't live there), they just sold it after a year for another little increase in price to another investor... nobody has lived in the house since it was built in 2021... that's the way real estate is going, these fake sales from investor to investor to investor with maybe some renters (sometimes) in between... a lot of nice houses with ocean views just sit empty

@geraldkoth654 3 месяца назад

Calling this mess a soft landing is like making someone jump out of a plane and go up to twice the altitude and pushing them out. All fine and dandy while the plane was circling up higher and higher.

@johnberry2877 3 месяца назад

I work as an RN in a Rehab, long term nursing home in Flint, Michigan. When it comes to the cost of healthcare, if you’re an illegal alien, you get free healthcare following your stroke. In the facility I work at, we have had, and currently have illegals receiving free healthcare. This healthcare includes free, food, bed, physical therapy, medications and skilled nursing care 24x7. However, if you are an American Citizen ,your bill can reach easily over $1000 per week ! The owner of the facility is more concerned with lining his pockets than blatantly encouraging, promoting and protecting illegals !

@lindylou3519 3 месяца назад

So sad! My husband has memory loss & prostate cancer but we when it gets worse, we won’t be able to afford long term care or putting him in any facility.

@paullittle6458 3 месяца назад

Call It What It REALLY IS...For the Vast Majority of Average Americans,we are in a "SOFT DEPRESSION" ‼️💯😓

@user-gm3sc7ol3h 3 месяца назад

I’d like to share with your viewers, the wise and valuable advice my uncle gave to me while growing up: “Keep your life simple….buy only what you need….don’t take crap from anyone, but be respectful and you will live a happy life”…..Kinda reminds me of that old Kenny Rodger’s song: “The Gambler”….

@mikesmith6461 3 месяца назад

No wife no kids

@patfiore7510 3 месяца назад

You are so right on, absolutely right things are getting very bad in Illinois people going to the stores like Walmart or Target they don't pay for anything anymore they just walk right out and they're told not to stop them and do nothing about it this is all coming your way. We are just now seeing massive layoffs and as far as any senior citizen getting a job good luck you're not going to find it there are too many people now that are just starting to look for jobs the younger generation

@yellowbird5411 3 месяца назад

The stimulus money came at a time that I really needed it. I lost my job because I was not considered "essential," and the money carried me enough to get through. I had a tenant who also lost her job at the time, and the money allowed her to pay her rent. It saved us, and we didn't waste a dime of it.

@briandbeaudin9166 3 месяца назад

It helped a lot of people. If some spent it foolishly, well, a pox on them! Certain people like to dis the stimulus because there was some misuse and fraud. I think the effect on inflation has been vastly overrated. How can a few $1200 checks make that much difference?

@BillySBC 3 месяца назад

Good job YB, I don't mind one bit my taxes going to a good cause like yours. I'd rather the money go to you than some big oil company for $100 billion dollars in corporate welfare.

@rell660 3 месяца назад

YOLO was first popularized Drake's song The Motto which came out around 2011 I believe. I know because I was in Highschool and thought the abbreviation was very annoying. It made a resurgence during the COVID era with the stock market being so active and people taking risks.

@loganlin6109 3 месяца назад

STOP SPENDING MONEY NOW AND REFUSE TO WORK FOR ANY EMPLOYER THAT EXPLOITS YOU IN ANY WAY, IF WE COME TOGETHER AS ONE WE CAN FINALLY GIVE THESE COMPANIES AND ELITES THE COLLECTIVE KARMA THAT THEY DESERVE. THE POWER OF THE PEOPLE IS STRONG AND WE DON’T HAVE TO RISK OUR LIVES TO PUT UP A FIGHT, INSTEAD WE HAVE TO BE SMART AND USE OUR ECONOMIC LEVERAGE TO TANK THIS OPPRESSIVE ECONOMY.

@jjboohoo9641 3 месяца назад

Back in 2021 low income earners were flocking Las Vegas blowing their stemulus.. They were causing all kinds of problems on the strip. Starting fights and on and on.

@renardfranse 3 месяца назад

tell me, I live here

@islesofshoals3551 3 месяца назад

People blew their money on fun instead of paying their rent

@CMBBmc-jd6ur 3 месяца назад

Love your vids Michael. Yep, flipped/multi-sold homes should be avoided like people who have been in countless “relationships.” And that goes for women needing to stay away from men who’ve had lots of “partners.”

@expose_theoccult1541 3 месяца назад

Wrong on the last part. Men who do well and get experience, which is what women want, have many partners. Has been this way for thousands of years.

@gregoryandersonmotorsports 3 месяца назад

Thats it i am cutting out my goodwill clothing spending.

@rogermendez7266 3 месяца назад

Starting saving, buying shorts, and workout clothing there. 2 shirts are $12 better than nike store is $40.

@thomasreynolds1530 3 месяца назад

Its amazing how this channel doesn't show up in most real estate searches on youtube.. The message is really being suppressed.

@sct4040 3 месяца назад

I spent all our stimulus money on rent, utilities, groceries and toilet paper. 😂

@Mikegastaldo 3 месяца назад

3rd quarter reports are going to be horrible...all stores are empty.

@BillySBC 3 месяца назад

Not exactly, most people are buying online and companies are shutting down brick and mortar stores to save money on leases. Gotta compete with Amazon.

@Oldeagle66 3 месяца назад

@@BillySBC Walmart online for me....Cheaper.

@JFEnterprize 3 месяца назад

Be interesting for Christmas this year. 😮

@Rebellion1776 3 месяца назад

@@BillySBC Fallacy argument by you, given that manufactures, tech companies, and etc are laying off thousands of workers as well. These people would be needed if the “e-commerce” argument was true, but that is not the case.

@BillySBC 3 месяца назад

@@Rebellion1776 How do you figure that? If you are warehouse shipping all your stuff I would think you need less employees to do that. In any case, recessions are natural, they happen every so often, your job is to be prepared for it by living below your means during good times. Hope this helps.