A wise individual understands that building wealth involves making smart investments, strategic tax planning, and informed financial decisions. While the stock market presents opportunities for growth, successfully capitalizing on them requires both skill and expertise.
Yes, stock investments have potential, but it's important to be cautious. That's why I recommend working with a financial advisor who can guide you on the best times to enter and exit the market.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RU-vid videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Thank you for this tip. it was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $300K stock portfolio from decline is my main concern, but I don't really know which way to go.
There are strategies capable of delivering consistent gains irrespective of economic or market conditions, but these are typically implemented by seasoned investment experts or financial advisors.
I concur. In light of individual experience working with a financial adviser, I presently have over $1m in a very much enhanced portfolio that has encountered dramatic development. It's not just a matter of having money to invest in stocks. you also need to be knowledgeable, persistent, and have strong hands to support your investment
I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Her opening line was “how can they afford that” referring to nice cars and vacations. The answer is they can’t 😭 there’s just a million different ways to be in debt nowadays
Some can if they plan their vacation responsibly.. Meaning they have the money in their account and they are not going to get into debt for that. My family doesn't go on lavish vacations.. We go on vacations that we can afford. Our vacation (a cruise) is coming up and we booked everything with money that we actually have.. Everything else that we will purchase will be with money that we actually have.. This is how it should be and not going into debt.
Some can, I have a friend who makes 300k a year and she can easily travel 2 or 3 times a year without debt. Even so your point that most can't is valid.
@@IrisP989 That is quite true. Another thing with social media is you see so much of everyone's special things, you do not see that it is the only special thing they have, but you see so many with their own it gets confused with thinking everyone else has all that all the time. Myself if I was not able to afford going away on vacation I would end with a "staycation" with just getting the break from work (some places I worked had mandatory leave at least once a year and no cash out option)
@@jeraldbottcher1588 A person that I know took money out of his 401K (not sure though if it was for vacation in addition to the nice expensive things that he purchased). I told my husband about these nice things and the 401K thing and he said that this guy might have to work into his 80's with that spending but we would not have to do that and it is true that it is not worth it..
Sir this is an eye opener video and I would be retiring in 5 years and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90,000 per annum but nothing to show for it yet
Research dividend aristocrats and choose six to ten companies with over 25 years of dividend payments. Consider working with a financial advisor to build a strong portfolio.
@@Angelavaldess Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
@@Aurierserge50 I have worked with a few financial advisors before now but i ultimately settled for Alicia Estela Cabouli. She is SEC regulated and licensed in US. You can easily look her up
@@hullbruce Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
“She was pRiViLeDgeD. She must have gotten money from her dad. Society gave her preferential treatment. She wasn’t a first-world victim like I was, wahhhh.”
"That's not fair!!! You paid off your house, have no debt, and have $30,000 left over due to your good decisions! What about ME?!! GOVERNMENT!!! MAKE HER GIVE ME SOME OF HER MONEY!!!!!"
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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..
This caller reminded me WHY I deleted all forms of social media, besides YT. People in general need to stop trying to impress others. This need for validation needs to stop
@@CoolcalmCollected-du5tc but for a lot of us, it's no problem. This is a clickbait title in a way... The keeping up with the Joneses thing has been going on long before social media.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The younger generations? Have you seen the internet? It is absolutely not exclusive to a a generation or age. That’s beyond ignorant. Older generations have a terrible time navigating the internet and deciphering what’s real or not, and suffer from literally any criticism you’d have of a younger generation. You’re just regurgitating narratives, you clearly have little experience with people 😂
Back in the 1990's, I worked overseas the young women,18-23, Lethal Entry Techs, Cleared $200-225K/yr, all expenses paid. One of the women was paying $10600/mo on a house, Stateside. 0% interest 24-month term. Extreme Hardship, Crying Hard Air locks, nude exits, being told what to do, and how to do it.
@@BeastorFail My point is that to say something is wrong with an unmarried, 33 year old woman has something wrong with her and that is why she is unmarried. The pickings for someone of her caliber are slim.
Millennial here - I’ll never forget finding out my friend that I was jealous of was in a ton of credit card debt. She had every extravagance you could think of: fancy car, fancy apartment, fancy gadgets, went on fancy trips. One day she causally “joked” about how she was tens of thousands of dollars in debt but it was fine cause it doesn’t really matter. I was jaw dropped.
I mean it isn't because you can just bankrupt all of it. Assuming its done on a credit card. And you can take out a loan of 20 to 30k and go ball then declare chapter 7 bankruptcy with your llc account so it never affects your personal credit score and everything returns to normal. I've done this once. Always cheat the system.
@@rrrealqueen So, in other words, you have learned how to legally steal. Yes, It is stealing, no matter what you want to call it. You buy/take stuff with no intention of paying it back.
I’m 41, an “old millennial”, and have no debt and a paid off home mortgage. We live frugally, worked our butts off to get rid of my student loans, and haven’t been out of the country since our honeymoon. We go exotic places like St. Louis & Branson & grandma’s house! We drive 12 year old Hondas that we paid cash for. We have 3 amazing kids and a dog, and my wife now gets to stay home & homeschool them. Thanks Dave and Ramsey staff! We are…proudly…weird!
@@KungPowEnterFist No he's actually on the top end of millennial but to be honest his life experience will be far more like a Gen X than millennials as a whole. The generations are too broad these days as the world changes so fast now.
I'm a 34 year old Millennial and I have to say we had it way easier than the young kids now- especially older Millennials like yourself. Have you seen the wages to housing prices now and rent? It's completely bonkers. Us Millennials got our rent and mortgages locked in before things got really nuts out there. It'll be interesting to see what happens, I guess all of them will have to move to remote towns and pay a premium for it.
This is what’s wrong with social media. This girl is clearly winning the game of life but SM has her thinking she’s missing out. And to all the Millennials/gen Z who say they’ll never own anything, clearly it can be done and you don’t have to make hundreds of thousands of dollars to do!
That millennial/Z self-flagellating cop out mentality does my gen X head in. I'm the first to say that there are winners and losers in life. I'm also the first to say that I had it way easier than my son's generation has it, and my parents had it far easier than me. I'm also the first to say that it doesn't matter how hard you're doing it, there's a lot of people far worse off than you. You play the cards that you're dealt as best as you can.
@@davidbrayshaw3529make no mistake, there's plenty of Gen X, which I am as well, who are not doing great. This stereotype by generations is kind of silly.
It can be done for sure but it’s also true that it’s now way harder to own a house in the US vs any other time in the past several decades. Entire groups of the population have been priced out and they wouldn’t even meet the income requirements even if they somehow scraped up enough for the down payment
Gen Z and Millennials are in very different brackets now after the covid housing spike. Many people in the Millennial generation bought a starter home before covid and their houses doubled (At least in the area I am in). Most Gen Z did not get the chance to buy a house at that rate and now have to look for something thats much more work for a much higher cost. Being locked in at a lower rate on a cheaper house makes a huge financial difference.
Houses are 500,000 dollars and Millennials are making 50,000 a year. To say that Millennials don't have financial set backs is just false. I don't know why there's this collective effort to deny reality.
Lady I’m 33 as well. Trust me, not many other people our age are “affording” anything you’re seeing. It’s called everyone has gone insane and lost their marbles with borrowing money from a bank or putting everything on credit cards. The fact you have no debt except your mortgage is how it’s supposed to be 😂.
I fully agree with our age group in a lot of debt like you said, and also I see parents who still pay for their children who are our age. And I mean pay- cars, houses, vacations, etc. (This should not be the norm.)
@@LauraShell ain’t nothing wrong with that. I’m a millennial, my grandparents are paying for my vacation along with my wife and kids. What is money if you have no one to share it with? Frankly, she’s 33 and is unmarried, her fertility is falling in half year over year for the past 3 years. She could have all the riches, and retire early; but who will she share it with? She might be rich, but she’s very poor. Millennials, men and women alike have been told 30 is the new 20, go to school, climb the career ladder, feminism, etc. but I think many women are finding themselves thinking this is what they want without realizing that’s the voice of present day culture. Maybe you don’t want a family/ kids, that’s fine. But if you’re a woman in your 30’s who ascertains to have it all. I have bad news for you, because biology doesn’t care about your ambitions. And for me, my goal is to buy all of my kids their own house. Why wouldn’t I want to pass down my own wealth with those whom I love? Why shouldn’t it be the norm? I think you thinking it’s wrong shows exactly what society and social media has done to skew your beliefs.
@@leprechaun3677 I understand where you are coming from, and I think you missed my point. A lot of our generation feels entitled to other people's wealth, and do not know the value of a dollar. I think we also see things from different viewpoints. I can tell you have made assumptions about me that are not true. I do not believe in the woke feminist movement that is going on today. I left corporate for family, as that is more important to me. I made sure to set myself up to hopefully not fail with what I had made and to be of extra help to the family, as I, like you, want the generational wealth. I will pass it along to my kids when I pass on though. I want to make sure they know the value of a dollar too, and don't just blow it like some children of wealthy families do from time to time. (I have personally seen it happen). Hope that makes sense where I am coming from now
You’re not going to scare a career woman who is winning at life to settle for a loser just to have a baby. We’re out here freezing our eggs and waiting for the right man and the right moment. It’s 2024 - get with the times, the science and technology has been here for 40 years and nobody has to have kids in their 20s if they don’t want to.
Agreed. I keep thinking if I hadn’t married, I’d owe less than $100K left on my mortgage at my old house. I never would have moved to my current house and I’d be better off.
Social media makes me want to buy dumb things I don’t need. I had to delete Instagram off my phone. I learned my weaknesses and acted accordingly. It’s called being an adult.
I'm happy was just a warm shower in the morning and some food when I'm hungry. My wife on the other hand wants a never ending lottery win and a mansion.
Johns ending comment was really important. If you have real friends in real life, you don’t care about the fake stuff online. And you build yourself a community of support.
Exactly. My wife and I have been on a cash only basis for the last decade. This causes us scrutinize our purchases because the money is immediately spent from our checking account. It’s allowed us to build wealth and we will retire with dignity. We don’t compare ourselves to others.
Had a friend that I was envious of (not jealousy mind you.) Always seemed to be traveling EVERYWHERE. And she's a good 15 years younger than I am - I'm 57. She had perfect kids. Perfect marriage (second marriage) and this seemed to be PERFECT. Always getting a new car, traveling, vacationing. Now, she's divorced. And already remarried to hubby three. I had NO IDEA things were falling apart. DO NOT BELIEVE what you see on social media. EVER.
Yep. And in my small sample size, it seems that many of the people that post the most are actually doing the worst. It seems like the people who are actually secure in their marriage, life, finances don't need to post much on social media to seek validation, because they are already getting validation from their actual lives and amongst people they actually interact with in life.
@@Run4Ever77And, @Run4Ever77, that's exactly 💯 why I don't post on social media at all. Plus, I don't need to post; I'm secure enough in myself not to need to.
She's debt free (except her mortgage), paid cash for a Master's degree, yet doesn't think she's winning at life. 🤦🏾♀️ Stop worrying about and looking at what other people are doing and be proud of yourself.
@@kbanghart Are you saying taxpayers shouldn’t pay for military salary and military retirement? Why else would anyone volunteer to serve? I have zero military connections but it’s basic facts. You want to send people to war, you either force them or you pay them.
To the lady who called, "You are doing GREAT. Perhaps, you feel a bit tired from being a responsible adult. The others who are posting all their vacations, expensive cars, lots of purses are FOOLS. Unless they are making more 150k and their rent/mortgage is a small is less $ 1200.00 a month, they are living a lie and no other debt. Trust me, I see it with my family. I have a niece going thru a divorce. She is having a hard time coming up with attorney fees, YET she went ahead bought herself a brand new CAR when she left her husband. Her previous car was under her husband's name, and I told her to buy a used car that she can pay off in a year, something like 6 k. Nope, now she can't sleep at night. I can't help her, she does not wanna make changes. Stay strong, girl.
@@godfathaofyowhy would the husband who she is in court divorcing have to automatically be paying for her fees? Depending on where you are and the kinda district court you are in. It is going to play out differently.
@@MijoShrek Typical divorce laws stipulate the spouse who is more "monied" be the one responsible for court fees/lawyers, as a way to ensure equal representation. Historically is has been the husband because "typically" they are the "bread winner" especially in marriages where the wife has been a stay at home wife/mother who has given up her outside career to take on the brunt of the home responsibilities. Even with all the advancements of women in the work force, many of the divorce laws have not been updated to reflect current cultural norms.
My husband and I make over $200,000/ year. My car is 14 years old, I don’t own designer purses, and we don’t take elaborate trips. We truly know who our real friends are!
My friends from India thought Americans were all rich then they saw the hood, and realized most of us are in debt. My friend drives and old Toyota and I tell her all the time her car is great and that she's one of the few people in that parking lot that has a fully paid off car. I'm facing repo over a new Hyundai, that's my fault though but it drives the point home. No pun intended
Social media has turned some grown adults into middle schoolers. Such adults are looking for thumbs up and applause from their "friends" based on what they possess and what they have accomplished. They avoid posting depressing or shameful news about them for fear of being judged or because they struggle to admit they need help. I'm spouseless and childless, and I don't have a ton of friends, but I don't feel empty nor unfulfilled when I see vacation photos on Facebook, nor job promotions, nor engagement announcements, nor pictures of brand new houses or additions to families. Counting my blessings each day is very important to my mental and emotional health.
@@uscitizen1035 That's the ONE thing I point out to people wanting to get a new(er) car. As long as there is a loan on said vehicle, there is mandatory car insurance to protect the loan company's investment. In my case the first, last and only NEW car I bought (on payments) the car insurance was the same amount as the car payment! Didn't factor that in at all. So it was beans and rice, rice and beans until I could get it paid off as quickly as I could. NEVER AGAIN!
Well, to be fair, you SHOULD keep your dirty laundry off the internet. I say get off all social media in general. I only have yt. And I've been happier and healthier.
I couldnt help but relate to this one a lot. 28, no debt, no mortgage, masters degree… have more money in savings than I make in a year. Yet feel “behind” because I dont have a house, a car less than 12 years old, or a spouse and kids like some friends of mine. Learning to be grateful for what I got and where Im at. Just finished reading Building a Non-Anxious life.
My Dad told me when I was a kid, "There's always someone with more" , i.e. not in the vein of don't try, but the angle of don't compare too much. It's pointless.
@@jeraldbottcher1588 And , at the same time, there's always someone who is less capable, not as smart and less accomplished and less wealthy that you are. As one saying goes, "I was unhappy because I had no shoes, until I saw someone who had no feet."
Haha I read Next Door Millionaire 10 years ago and it completely changed my perception of individuals who like to show off their trips and flashy things. The reality is, most of them are broke.
I'm a 31 old single male with a paid-off house and without debt, but all this social media crap makes me feel like I'm behind everyone else in my age. That makes me kinda sad.
Another thing not a lot of people point out is I didn’t realize how many grown adults still receive help from their families. I’m not just talking about watching the kids I’m talking about grown adults being given money by their parents to afford a down payment on a home or being bought cars, etc. I went to a rich kid university even though I grew up in poverty ( had a lot of scholarships) but it was eye opening seeing the upbringing differences. One of my friends from college just got married and his mom and dad gave him $30k as their wedding gift, was mind blowing to me
@@ballinforlife9 That's the difference between rich families and poor/middle class. Rich families tend to help out the younger generations while lower income families will sell property that has been in the family for generations just so they can buy a boat.
My parents are one of those people driving the fancy cars and going on the frequent vacations to interesting places. They are approaching their late 50s. You don't want to know what they have in their retirement accounts..... It would make you sick to your stomach. It makes me sick with nerves. They aren't going to retire because they are already living their retirement.
"Social media" is often just antisocial media. I rarely watch or listen to anything on 99% of those platforms. This young woman has her priorities and her head on straight! I hope the friends she chooses have a similar perspective! ❤
Yes we didn’t do it this young. We started we just an ok house Alias the starter home. No vacations. Not really eating out. This is completely different. On steroids.
Youre not getting it. The Joneses used to be your neighbors, maybe some family or some friends. Now it's everyone youre connected to on a social media site.
@@OmitsBagels Just like politics I'm not going to change your opinion even though things can be pointed out that are factually different than in years past.
Got off FB seven years ago. It was one of the best decisions for personal contentment. Another friend I knew said that we were the only couple she knew with no debt. Why are we debt free? Frugal living. We won't gamble our future on fancy cars and homes that will cause us anxiety when we retire.
I quit FB about a year and a half ago. Never did TikTok or Instagram. No more comparing myself to those folks since I don't see or watch that nonsense. You're doing a great job, caller! Keep on killing it! 😊
It's very true. It's proven that many of the videos on social media are rented out cars/houses designed to be used for social media as its only purpose. They are lying about their lives to try and make money of it by getting interest and its ruining many peoples mindset about whats realistic.
I haven’t had any social media besides RU-vid since 2018. I deleted my Facebook in September 2018, my Instagram in 2016 after three months of using it, my Twitter in 2014 lol, and I’ve never had TikTok, Snapchat, etc. It has been one of the best decisions I’ve ever made. I even limit my use of RU-vid. I would rather make memories and enjoy my life.
Same about 6 months except RU-vid because y can control what I see here, kept the real fríends phone number and don’t need more, it’s the closest thing to being a kid again that’s how I see it😂, all that adult problems everyone talks about is literally that
Honey there are 33 year olds paying $3k a month for studio apartments out here in California. You’re doing well considering you own a house and have it mostly paid off.
This girl was not earnestly asking this question. She was just looking for the validation she got. Which is fine, I just wish she had said “can you please just remind me that I’m doing great?” No way she’s been making all these financially-wise choices, to be where she’s at in life, and doesn’t know she’s doing it right.
@@francestaylor9156 Oh I fully understand the keeping up with the Jones's and envy. When you see someone that has more than you or has what you would like t have the power of envy can be powerful. That is as old as time (Thou shalt not covet and all that). I do agree that social media makes it even harder because of all those people who are showing off what new toy or new possession they get. All the while they are probably hitting the food shelves because they spent all that money on those toys or are so deep into credit debt they are drowning. I have felt envy of others myself. I guess I am a lucky one. I was able to shove that out of my mind. I grew up dirt poor and my parents were always in debt. I refuse to go into debt for anything besides a house. It was not easy!
Lol no. The woman wants everything on a silverplatter and exactly the person Dave is talking about when he talks about people who are wanting to follow the Joneses. She is definitely a spoilt brat but if thats your type then go right ahead
Hey Dave! Quit ragging on my country. Tourism is our bread and butter. Comments like yours could be distrastrous. We've been hit by several hurricanes and are recovering. We need our tourists. You can advise a caller not to spend money on vacations she can't afford without saying negative things about the beautiful Bahamas. No place is perfect. We know that, but people are still having an amazing time.
I had this exact experience as a young person in 2004. Everyone around me was spending money and I couldn't figure out how they were so rich compared to me. I was nearly debt free and completely broke. People my age had new cars and bought houses I could never afford on good conscience. After 2006-2007 I knew the answer. They were spending money they didn't have. Some of them were borrowing against equity in homes, some were borrowing money they could never pay back, some were inheriting money from family, etc. The truth was, a majority of everyone around me was broke and didn't know it yet. When the layoffs came, all of those people lost their houses and cars. The few that stayed employed struggled through some very tight financial situations.
Lifes short and then you die. Whats the point of money if you can't spend and enjoy it? We ain't taking our debt and money with us anyways. Its all an illusion
i disagree with this a lot. you can travel while still saving by age 34. you just have to include it in your budget and travel smart. it’s not about staying in fancy hotels it’s about exploring the world. most of asia, africa, and smaller islands are totally affordable destinations if done smart and planning ahead. the US also has an extensive national park system (she’s in Utah). Travel can be affordable and fun!
My neighbors are getting their 16 year old kids NEW cars and the kids either have no job or just work part time at a fast food place. Why are people so insistent on destroying their kids?
My friends are always getting new cars.....I always try to guess how far upside down they were on previous car and then try and guess their payment and interest rate. Just burning that money
Yes. The “Facebook Feelling”. People only post their great events that makes it seem like everyone is living this exciting, dynamic rich life. Reality is much differently.
You're not doing anything wrong. Inflation is up 20% since Biden took office. And wages are no where in the ballpark. My parents bought a two story home with a attic and full basement and a half acre lawn for $65,000 in 1988. Today where I live that same property is worth $1,700,000. And my dad was a short order cook and my mom stayed home. I work for a major defense contractor and make over $100k/year and live in a small apartment and will never be able to own a home. You did nothing wrong. Your government fucked you. As did the people who voted for them
This girl is winning at life. I know people that are 60 who have nothing and are in debt. I know men who are cheating on their wives while the wife posts a picture perfect lifestyle. Don't believe what you see online.
Delony says the key things, I knew it was the generation then he beat me to it about having to find the right kind of people/friends. I approve this message.
@@joesmith3590the grandmother did not have a choice. Having kids/family is a blessing but I heard a lot of horror stories. I just read about this 10 year old girl who was married to a 32/34 year old man.
I think there is such an overemphasis on happiness in our culture. Not too long ago or not that far away, life was about survival; who has time for happiness? A good saying i heard recently is "If you're not happy WITHOUT it, you won't be happy WITH it."
You're right that social media exaggerates is + the highlight reel idea. Many years ago, a work colleague was talking about spending 2 weeks in Hawaii. I remarked that it sounded like a dream vacation and she said it was. She and her husband had been taking vacations at home for 3 years to save for this trip. That gave me perspective!
I have a Instagram account for my outdoor adventures. I've had friends ask how I manage to take months long trips. I just take a bunch of pictures during a week vacation and post a pic a day for months 😂
Don’t forget A LOT of influencers get their stuff for free. So the designer goods, the luxury clothes, the private jets, the vacations, the fancy clothes- are all comped for publicity. Hillary, if you’re listening, my dad made less than 80 grand a year and in one year he will be retiring as Multi millionaire-never took vacations fancy clothes, or bought luxury cars.
Dave made a really good point about traveling abroad. I booked a trip to Costa Rica, I found nothing but beautiful pictures. Brother let me tell you I had a rude awakening. They NEVER show you the bad stuff and I promise that sometimes makes a stronger impression than the pretty stuff.
In my travels, I go to see the good, the bad, and the ugly. Doesn't matter if its Hawaii, Alaska, NYC, Miami, Paris. I actually like to see the ENTIRE reality of the place. It adds just that much more memory-value to the trip!
My sister and her husband just bought a new house. They also own a new boat and two expensive cars. They are both miserable because they are in so much debt. The funny part is they both post all of these pictures on social media making it look like they have everything. My sister calls me cringe all the time. You’re doing life right.
Ignore all these people saying you aren’t winning unless you’re married and have kids. You can’t blame anyone for saying no to a family with how expensive it is to raise one now.
She must be following rich millennials cause most people our age and younger don’t have anything. If they have a nice car they live with mom and have no house.
People who compare their lifestyle to that of others likely don't know the details of the other people's finances. I knew a couple who owned a new, large, custom home; expensive vehicles; and an expensive boat. Unbeknownst to others, these things were all leveraged. Eventually, their lifestyle caught up with them and they lost everything. They had over-bought and were financed to the hilt. People from the outside looking in had assumed they were financially well off, which was not the case.
It's all credit cards and loans. I'm roughly the same age as her and everyone I knew that partied through their 20s used their credit cards and whatever was leftover from the student loans after tuition to foot the bill. Now they're all under a mountain of debt and complain that they can't afford housing. What goes around comes around.
The problem with our generation is that the generation before us indoctrinated us to believe that university was necessary to succeed. We were taught to take on massive debt at 18 and that college was THE answer. All the while we were being pushed into taking on predatory loans… the generation before us elected politician after politician that raised taxes and interest rates.
I get what shes saying, my wife and I are 28/29 years old and we prioritize extra money we have for extra payments on our house bc we want to have it payed off by the time we hit 40. We have no debt, invest 25+% into retirement, but we skip the weekends out at the bar
