Why Americans Are REALLY Broke in 2024

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🐪 Hump Days Newsletter ➭ humpdays.substack.com
Here are the Top 5 Reasons Americans are Broke in 2024 (Are You Guilty Of These?) Let me know down below.
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:27 - Reason 1
3:55 - Reason 2
5:57 - Reason 3
8:12 - Reason 4
10:20 - Reason 5

Опубликовано:

27 май 2024

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Комментарии : 206

@humphrey 15 дней назад

Thanks for tuning in all... Appreciate you guys watching. Let me know what other reasons Americans could be broke down below 👊

@mikeconnell4067 15 дней назад

I believe a huge reason is that people do not understand compound interest! I show a compound interest calculator to friends and they are all amazed.

@Harlem55 14 дней назад

The rich are about to loose everything they have and they aren't even intelligent enough to know it.

@latteentry351 6 дней назад

I think a lot of people focus on the now and not the future because tomorrow is not a guarantee. One could save and spend wisely then get into an accident or have a terminal illness. I can’t judge people on how they spend or save because of this real possibility that is out of one’s control.

@maria.says.hi1 5 дней назад

Baby, if we get married i won’t be pre-rich anymore!

@hernandeztorres7137 10 дней назад

*The first step to achieving wealth is figuring out your goals and risk tolerance. Either on your own or with the help of a financial planner. And by following through with an intelligent plan, you will gain financial growth over the years and enjoy the benefits of growing your money.*

@hernandeztorres7137 10 дней назад

*Browse Donald Nathan Scott for more insights.*

@GarciaCaroline330 8 дней назад

*Think financial independence look up Donald Nathan Scott.*

@_heresjohnny 14 дней назад

I’ve NEVER understood the on demand food delivery apps. The food always arrives cold, subpar and doubles in cost.

@stoundingresults 13 дней назад

Lazy people's habit

@iamme7664 8 дней назад

THIS. If you’re disabled, elderly or caring for multiple small children at once I can understand why you would need to order take out often. But any able bodied adult should be able to hop in a car or WALK at the very least to go get some hot food or fresh food. People are ridiculously lazy.

@Duke_of_Prunes День назад

At my daughter's university, the freshman aren't allowed to keep cars on campus. And many more cannot afford cars. So food delivery for them makes sense. For me, no -- I own 4 cars.

@justinebailey5333 17 часов назад

Right

@CatsMeowPaw День назад

I cancelled my pay TV as it cost small fortune and I only used it for a couple of sports. It feels so good! More people should do it. Streaming options are now available for a few dollars a month instead of the near $100 I was paying.

@TheCommonLex 14 дней назад

“The now will eventually become the future and if you don’t start now when will you ever” the best thing I’ve heard all day.

@sgt_hobbes 15 дней назад

Lol got a raise. Paid all my debts. Started cancelling all my services😂

@awesomelf8230 2 дня назад

Hell yeah dude. RU-vid is free anyway and it leads you to learning things like this video.

@Michael45007 День назад

@@awesomelf8230 RU-vid isn't free. You gotta sacrifice like a couple minutes of your life watching ads to watch videos you want to watch every time.

@kashiro2492 15 дней назад

Paying for convince is my weakness the amount of Chipotle I've had delivered is insane, thankfully I've gotten better over the past few months

@matw1x 14 дней назад

Freal tho. Ends up being a $50 burrito ea. time.

@anthonybrown06 14 дней назад

Chipotle is so good tho!!!

@kashiro2492 14 дней назад

@@anthonybrown06 ikr!!!

@LK_EBM 14 дней назад

Nothing wrong about convenience. Time is valuable too

@mikezerker6925 14 дней назад

NOO!!! Keep Ubering Chipotle!! I own stocks in Uber and Chipotle!!

@mikeconnell4067 15 дней назад

I absolutely love your videos. 8 years ago I had a net worth of 380k now it’s 1.2m. It’s all about the simple savings which add up to large gains! Keep it up Humphrey you are changing lives for the better. I only wish that there was more financial education in schools. It is so correct that you see little benefit in 401k or having a good ETF for several years and then suddenly at over 100k it just starts to grow!

@humphrey 15 дней назад

That is awesome!

@pete5691 14 дней назад

Is a 401k that bad? I think many lack the discipline to contribute every two weeks. Yes there are fees but I’m also not paying taxes on the gains. Not everyone can get an HSA and I max my roth ira as well.

@mikezerker6925 14 дней назад

@@pete5691I switched my 401k to a Roth … after seeing my retired parents paying a crapload of taxes! I’d rather pay the taxes now and have that cash free and clear when I’m retired!

@full.grain. 14 дней назад

@@pete5691 401ks are good

@parkerbohnn 4 дня назад

Give me y8our asddress and I'll come down and watch you do pushups with my foot on YER back. In order to make money first you have to GETZ the body into shape. If I ever need someone to shine my shoes drop me your name.

@BobSure_AKA_PotatoSmasher 14 дней назад

I wear a uniform. My employer pays me to wear their label. I don't get why we pay companies to wear their labels. WE PAY THEM to wear their labels.

@matw1x 15 дней назад

I think the 2020 pandemic influenced people to become more unsure and uncertain about the future, so they spend like doomsday is right around the corner. I definitely fell into this thought-trap and unnecessarily bought a brand new luxury car, and I regret it.

@Morrsoda 14 дней назад

Sorry but this is way before 2020. I still got a Full HD TV and feel i dont need a 4K meanwhile people spend alot of money on tv, smartphones, cars etc

@mthlay15 13 дней назад

It's about to happen again. People live on the margins. And end up losing. Just look at the run up on meme stocks. I personally believe it signals boredom in the market. A complacency. People are just starting to balance out and then they push it. Instead of staying the course and having a budget and building up savings.

@justinsautereau7403 15 дней назад

Thanks for the video. Informative as always

@xiphoid2011 14 дней назад

The fact that American spend 30% more money eating out then buying groceries in 2023 should be a wake up call to americans. The American spending habit is probably the worst in the entire world. This is how one of the richest country in the world save less money than a far poorer asian countries (asian countries have savings around 40%).

@pete5691 14 дней назад

Why do many Asians leave Asia whereas few Americans settle in Asia? Their savings rate is probably less about how great at saving they are and more about if you don’t save you are really really screwed.

@TuBui2 15 дней назад

Remember, it's "time in the market, not timing the market"

@pete5691 14 дней назад

Yes!!

@Nymeria22 14 дней назад

We are not gonna live 100 years 😢

@pete5691 14 дней назад

@@Nymeria22 I will. But you dont need to in order to get wealthy.

@spades9048 14 дней назад

I am not a financial advisor by any means. But my trainee at work is approaching his final stages of training. You basically go from $25k at the beginning and end up at $150k at the end with $25k raises each step of the way. He’s at the $100k part. I told him he’s now living comfortably so it’s time to begin maxing out his retirement. I told him that he’s about to come into more nice raises and he won’t miss what he never knew he had so keep upping his savings contributions now. I think he listened.

@Anngrl69 14 дней назад

Is this in the trades?

@spades9048 14 дней назад

@@Anngrl69 Air traffic control

@danblaser 13 дней назад

Great reasoning, great graphs and great job!

@rivasoucie 9 часов назад

I absolutely love your channel. I started out with basically nothing on a dirt road in an isolated farming community with no stores, schools or services of any kind. My parents were uneducated and underemployed. I was a first gen college student and then later one of the highest paid PhD students in Canada. I met my husband at university at the age of nineteen and we have been hustling ever since. Through saving, investing and just living simply and being naturally frugal, we are now worth well over $2 million, own a property outright, carry a 15yr mortgage on our family home, don’t have any other debt and still manage to raise three kids (two with medical disabilities) on one income. And we live well! We have a new house in a cool, dense neighborhood and we drive a new car (but just one for entire family) that we paid for in cash. We have lots saved for retirement and still contribute plenty and we have fully funded two of our kids for college so far - they’re still little so we have time! It’s all very possible when Mom allergic to shopping, Dad hates cars and neither one of us have social media. We love being financially stable! Your channel is just the best.

@matthewsaunders4820 6 дней назад

4:45 According to this chart, the best ways to avoid inflation are: drink tap water, breast feed when possible or apply for WIC, raise a garden, and take public transportation. Living simply and environmentally sustainable reduces inflation.

@punisher6659 15 дней назад

Thanks as always for your

@humphrey 15 дней назад

My pleasure!

@pi6466 14 дней назад

Great content Humphrey!! Keep up the good work

@cancel.lgbtq.6892 15 дней назад

Great vid as always , Humpty!!

@DagnirRen 14 дней назад

I dig the pfp and username 😂

@firedupinfrance 9 дней назад

As an example of some of the things mentioned in the video, I’m American, but have lived in France for many years and am married to a French person. We’ve never had a car loan, have always bought our (relatively cheap) cars in cash, and don’t have any credit cards 🤗

@hellosky143 15 дней назад

I really appreciate the honesty in your content, Humphrey. Keep up the good work 🙏

@Anngrl69 14 дней назад

Woah, 70% of the US’ GDP is dependent on consumption? Yikes, I was worried it was high, but still didn’t expect it to be that much of our economy. Thanks for the hard hitting facts 😅

@Courtney-Alice-Gargani 15 дней назад

These are great reasons. I try to better myself. I’m sure a lot of us fit into some of these reasons.

@pishi1990 4 дня назад

Great video- ❤❤

@charleswang1973 15 дней назад

I just financed a used model y with rate of 6.5%. Then new model y has promotion rate of 0.99%. However I basically have the cash to pay it in full right away, so it didn't affect me. That's the upside for having cash savings

@emadreviews 3 дня назад

So what I’m hearing is that 401K took in $240k, and over 40 years converted it into $1.5 Million? If 40 years ago you got a mortgage on a house that cost $240k today that house would be far more expensive than $1.5M.

@authorjamieljones 15 дней назад

This video was very insightful.

@humphrey 15 дней назад

thx for watching!

@sokkimly8182 15 дней назад

New subscriber here, just get to know your Channel over the weekend. Thanks for creating such valuable contents on personal finance. Keep up the great work.

@humphrey 15 дней назад

Thanks and welcome Sokkimly :)

@Jbridge621 14 дней назад

I have been training my kid to understand that normal is living on 75% of your income if you want an house and reasonable retirement. The concept that students coming out of school shouldn’t be poor, be having roommates, be having access to credit and be saving like crazy is so new. It was better when young people had no access to credit in the 1970’s

@stewarthoi 15 дней назад

Filing for bankruptcy in this country (US) and culture is much easier and less painful than in many other places. In my country of origin, not only does the society and culture look down upon people who bankrupt, there are also fewer social and legal nets that ease the pain, so people tend to spend their money more conservatively, though that has been gradually changing among the younger generations. But it is true that many people go broke because they try to look rich.

@tedj.410 14 дней назад

People often confuse DoorDash and eating out as a food cost. It's actually an entertainment cost.

@stephenphillips6245 13 дней назад

I'm bored get me some sushi...LoL

@europec2082 10 дней назад

its both

@ezpzlemonsqueezy90 7 дней назад

@@europec2082Anything that isn't bought in a grocery store is entertainment.

@phillyfan3942 День назад

@@ezpzlemonsqueezy90?

@DaniOchannel 14 дней назад

lol, that thumbnail was for me😂 I budget for them though. The future and the present are both important. If we constantly plan for the future, we mightn’t even realise when it becomes the present. Striking a balance is key. Thank you for another insightful video, Humphrey ❤

@brandonstephens143 7 дней назад

Sometimes humanity needs a voice like you to put us back in place.(For those of us who choose to listen)

@DABK2024 5 дней назад

I always see comments about how corporations are greedy but never see anything about how the consumer is greedy. The greedy US consumer taking debt to buy things they can't afford is the root of the problem in the US. The US has been able to scrape by despite it, not because of it.

@Downsize1940 5 дней назад

Good solid channel

@ocdhead 15 дней назад

Well done as always Humphrey. I've been hearing a lot of chatter that the next 12-18 months will be very challenging financially for many of us.

@joeriveracomedy 14 дней назад

There are plenty of cash investments that don't depend on a market. I use THOSE as a cash machine IF I need it.

@rickyhawley3482 14 дней назад

@humphrey I can’t recall if you have said it before in another video. But what is the recommended rate to save ? Also, how does it compare to other countries around the world ?

@user-gj6rl7po9q 14 дней назад

Hey man what do u think of gold and silver, not asking cause of recent highs but just over all

@romanyimesgen6136 2 дня назад

I’m amazed people who paid over $1000 $900 $800 for car payment for 7-8years. Holy moly it’s only a freaking car.

@andreideac3962 15 дней назад

Man,I thought I should get into debt and get Luis Vuitton bags every other month.

@humphrey 15 дней назад

🤣

@vancouversworstdrivers 15 дней назад

Funny thing is that so many people do think this lmao

@mandypdx 15 дней назад

I went a few years in my 20s buying one every 6 months. I stopped when i got serious about my finances. They are the only thing i still have from my 20s. Prices were much lower 15-20 years ago (At the time, i was already investing in retirement, bought a house, no debt outside of student loan and mortgage)

@kito1san 14 дней назад

You can. However only if you know how to play your cards right.

@mikezerker6925 14 дней назад

I know someone who literally does this, then complains that she can’t afford the $100 price hike on her condo’s HOA! 🤦‍♂️

@jsmendoz312 15 дней назад

Great video. My process is always do I need it or do I want it to justify buying something. I tend to do excel spread sheet to compare pros and cons 🤣 My girlfriend makes fun me because of it.

@stoundingresults 13 дней назад

There are good pre-owned $10,000-$15,000 cars. Mazdas, Hondas civics, Toyota Corrollas.

@cyndeenguyen2394 15 дней назад

Can you make a video about wealthfront and if you're still using it. Thank you. Always enjoy your videos

@humphrey 15 дней назад

I still use it for the high yield savings

@cyndeenguyen2394 15 дней назад

@@humphrey amazing....I opened a wealthfront account cause I saw you using it. Thank you

@Anngrl69 14 дней назад

@@cyndeenguyen2394 I did the same lol. Can we get these testimonies sent over to their marketing team?

@edwinjacobs7160 14 дней назад

I guess that the low savings rate has something to do with the current inflation, if basic necessities are much more expensive and wages are not keeping up then it has to come from somewhere. Savings are usually the first thing to fall. I am in the EU but it's basically the same here. I ought to thank you, partly because of your content (and also Ramsey's content) I finished up my emergency fund, the last contribution (for the next year or so) will be this month! Kinda late but hey, what can you do... Next up: pension investing

@CaesarBro 11 дней назад

What’s this short squeeze about FFIE stock?

@LazzarrusLong 14 дней назад

I like to keep a running list of things I want to buy. After a few months, I often find that I no longer desire those items and that some of them are silly in retrospect.

@EllieR52 14 дней назад

What is a good savings rate?

@BuzzLiteBeer 14 дней назад

We have a collective mentality around "enjoy your life when you are young and healthy", which I don't disagree with. The issue is that savings vs. living doesn't always have to be mutually exclusive when done thoughtfully.

@derekrequiem4359 14 дней назад

10:22 "We *Life* For The Present" 😄

@trackguy4038 5 дней назад

Yes! We make financial decisions each day that add up over time.

@emmanuelguzman5944 14 дней назад

Hello! I really enjoy your videos. They are very detailed and I like how you break things down so they're easy to comprehend! I do have a question in regard to savings accounts, I'm hoping you could give me some further information. I've been hesitant about opening a savings account since I don't like the reproductions of only being able to take out money during certain time windows. Also, I have heard that due to inflation the money you accumulate is undermined by the inflation rate so you lose rather than gain. Whenever I have the chance I take my money out and save it, I'm pretty good with saving money and hardly ever touch it. I'm also only 20 so it's not like I have a lot of extra income to constantly put away so will a savings account really help me if the money I put in is not enough to outpace inflation. (I bank with Chase btw)

@joshuairvin9661 14 дней назад

Look up a high yield savings account (hysa). Its a regular bank account that earns interest and because of high inflation most hysa's match or outpace it rn (i use wealthfront/sofi). They even come with a debit card if you want it

@andrewliang5401 14 дней назад

how about stop buying random shit then you will have money

@gevans5446 3 дня назад

"Keep your housing expenses at less than 30% of your income." In a nutshell, that's why we're broke.

@blktauna 15 дней назад

Rent at 30%???? lolol as if. Lifestyle inflation is real. Financial Education in school is also lacking. You can't start early if you have no idea how.

@jollama 14 дней назад

You mean you can’t start until you’re 18

@blktauna 14 дней назад

@@jollama custodial accounts. I had a bank account when I was born. Any money I got was put into it. Sadly when I was 18 common folks like me had no access to a brokerage account. That is a recent innovation. Get your kids money in a high yield account and teach them why they want to save for the future.

@loxdixon 14 дней назад

I've lived in the states and I've gotta say, being in debt is so completely ingrained in the American psyche. Gotta get a good credit score so have to have a credit card at an early age, huge culture of getting new or new-ish cars on finance then eternally trading up. We've got big problems in NZ with hire-purchase debt but nowhere near the same culture of being in debt outside of having a mortgage.

@htr1610 14 дней назад

Humphrey, your argument on Consumption rate in the US is higher and Saving rate is lower compared to global is partially true, but not entirely correct. I recommend you follow professor Michael Pettis on the topic of Consumption vs Saving rate in the US compared to global. It will elevate your content and perspective in this very much Microeconomic topic. Here is a summary view from him: American Consumption has to increase because the world is pulling in their Surplus (excess supply capacity/ extremely cheap goods) into American consumer market. At the same time, capital flow piling into to the US stock/ bond/ real estate market drive down the US Saving rate.

@MrArthys 14 дней назад

In my country cars doubled in price in 4 years RIP

@CustomerRelationsManager 10 дней назад

$7000.00 per year invested at 7% per year = $100,000.00 in 7.5 years! Your FIRST $100,000.00 matters; after that it to SNOWBALLS fairly quickly to your FIRST million!

@cur244 14 дней назад

The key for me was to have the money automatically removed from my check and go to investments. After a while you just adjust to the smaller paychecks.

@valcandestr0yer 15 дней назад

I’ve started a personal brokerage that I’ve bought a handful of ETFs that I’ve decided to let reinvest until the returns replace my job and even then I’ll still work.

@ezpzlemonsqueezy90 7 дней назад

Housing less than 30% flat out is not possible.

@gonefishing11 14 дней назад

"Americans want instant gratification" is so true. I think that the federal, state, and local governments will be forced to set aside more subsidize housing to house the growing tidal wave of Americans that have little to no savings for retirement. I predict that this will cause a "silver" homeless crisis in the future.

@razwanahmed5758 14 дней назад

I wait for a new video from you bro

@javierRcastro 15 дней назад

Is it better to max out your Roth IRA in the beginning of the year or sporadically?

@lynninfinite 15 дней назад

I like beginning of the year so you can do it and just forget it. Then you can spend the rest of the year just saving up for the next year’s Roth IRA. I did every 2 weeks before and it got annoying buying stocks and ETFs so frequently. Lump sum is less time consuming, which I find, in my opinion is better.

@welmoepics 14 дней назад

Beginning of the year. Lump sum beats dollar cost averaging more than 2/3 of the time. You can look it up ("lump sum vs DCA")

@jay_ay_why 5 дней назад

This is the very easy and basic answer for why Americans are broke. The real problem is the low incomes. Companies do not pay enough. Also, look at cost of housing. I’ve saved and saved, yet still cannot afford these home prices. Can’t save your Starbucks coffee money out of this crap economy.

@jbobby1841 14 дней назад

I audit 401k’s and the amount people contribute is depressing

@Rhynri 14 дней назад

I wish more people would mention that more than half of the “inflation” that’s happened in since 2020 is from pure corporate greed - price raises that have no driver in wages, materials, overhead, etc.

@charletfoster8917 14 дней назад

Lifestyle creep is the Worse!!!! Less is more👏🏿

@Non_Of_U_business 14 дней назад

You misspelled title of vid reason 5 "We Life For The Present"

@divyv20 13 дней назад

Hey Humphrey , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?

@marcusbrown188 14 дней назад

I live in an area where everyone make six figures but me and have the fanciest stuff but soon as they lose their job, they lose everything within a week

@ILLEST-ANT 15 дней назад

you got me on lifestyle inflation haha

@humphrey 15 дней назад

haha what are u buying

@jollama 14 дней назад

@@humphreyhaha they’re not answering you

@Eugenewong794 14 дней назад

I'd actually like to flex my brokerage account 😂, ppl get shocked when they see it, but yes I live life modestly

@jaimel8219 15 дней назад

Having a girlfriend. Meals go from $18 to $78

@drew8235 15 дней назад

I have one as well. My meals are 18 and so are hers. She just pays her half. Tough at the beginning because it's still expected that the guy pays for everything, for some odd reason, but once you're a couple then you should split 50/50.

@jollama 14 дней назад

Just split a McDonald’s hash brown for $1

@Trending_Usa 14 дней назад

Wait till u get married

@fernandomescalito5307 14 дней назад

I'm not married and don't date because I'd rather see my portfolio grow. You don't need to have a girlfriend. I'm All in on building wealth

@yesenialopez454 7 часов назад

🤣🤣🤣

@isaacl6402 14 дней назад

Thumbnail is testing every possible luxury item to see which one is the best clickbait 😂 I’ve seen the lambo the Birkin the Gucci bag

@JoseAlba87 15 дней назад

Im broke because I don't work 😭 My AGI is less than 5k a year I take care of my father age 80 25% brain damage. Dont qualify for HSI. Im sacrificing myself for my fathers. Any good suggestions? 🙏

@jollama 14 дней назад

Better luck next life

@pete5691 14 дней назад

Side hustle.

@sw6118 3 дня назад

No, no, no, you missed the issue. We were ALL taught the compound interest example at 10%. We haven’t seen a 10% interest rate in years. The market goes up and down…the downs terrify so most people presume losses if they actually save. Yeah, yeah, yeah, it’s only partially based in reality…. Can we just admit that the Gucci brown on tan with red and green stripes is both well made and UGLY. We LIVE for the present not LIFE for the present.

@EcomCarl 14 дней назад

Understanding the power of compound interest and planning for the future can be game-changers in achieving financial stability. 💰 Let's empower each other with financial education and smart decision-making to break free from the paycheck-to-paycheck cycle!

@PaulKatrina. 4 дня назад

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

@HectorWhitney 4 дня назад

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

@nicolasbenson009 4 дня назад

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

@SandraDave. 4 дня назад

Could you possibly recommend a CFA you've consulted with?

@nicolasbenson009 4 дня назад

My CFA ’Melissa Terri Swayne’ , 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.

@jones9- 4 дня назад

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

@michaelswami 14 дней назад

How is living paycheck to paycheck defined. After investing 30%, paying necessities, and doing a few fun things, I’ve exhausted my paycheck. Would I be classified as living paycheck to paycheck?

@pete5691 14 дней назад

Not by the definition since you are investing the 30%

@michaelswami 14 дней назад

@@pete5691 well that’s what I would think, but I wonder if the source applied that definition.

@Madchris8828 14 дней назад

@@pete5691yep, because true paycheck to paycheck as everything I've seen defined means no money for investing

@Psybuster71 14 дней назад

There are likely some variances but usually I'd take it as spending the entire paycheck without any savings and missing just one paycheck means you'll be behind on paying for necessities like shelter and food.

@xfall86 14 дней назад

Are they really living paycheck to paycheck ? Or are they making the best use of life vs. saving every penny and not enjoying life in prime years

@denaetak1147 15 дней назад

Yea right! Under 30% of my income to rent...then I would have to live in a really bad neighborhood and also share a 1 bedroom with my son which I cannot do. We live in an old place already and my rent is almost half of my income.

@matthewmeals4833 15 дней назад

You got 2 levers, if you can’t pull the cost lever you gotta pull the income lever

@pete5691 14 дней назад

Both you and your husband work?

@Anngrl69 14 дней назад

@@pete5691 There’s a chance she’s a single parent. If they didn’t bring up a partner’s income in the og comment, you can use your brain and deduce the likely outcome.

@simplewelshman День назад

Buy gold as a hedge against inflation.

@TheHumphreyYang 11 часов назад

what$app

@TheHumphreyYang 11 часов назад

美国十𝟭𝟴𝟭𝟴𝟰𝟱𝟯𝟲𝟵𝟯𝟵👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻❤️❤️ 大家大家大家大家大家大家大家大家大家大家大家大家大家大家大家大家

@Pedro145a 14 дней назад

500 a month sounds realistic

@flicks28 14 дней назад

#5 should be "live" not "life"

@TaemK33 12 дней назад

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,,

@rabayl01 14 дней назад

Humphrey, I have $7000+ worth on bicycles and gear for me and my family, granted these are high end road bike and mountain bike specific gear. It is a hobby, but it also keeps me in shape

@josemarinazarenevista3073 День назад

Reason 3 is Parkinson's law

@junjun906 14 дней назад

You do realise that if americans dont spend, then the economy will be like china right? Basically american companies s&p perform so well is because americans spend. Domestic consumption is impt part of economy. So for u to get that 8% return, americans need to spend. Secondly inflation ia 4%, meaning the true return is 8%-4%=4% While quick fix financial advice is motivational, the fact is everybody gotta work and spend

@Already100 День назад

Why is everyone thinking about being rich?😂 Just live the life God gave you🎉 Waiting 40 years for your compound interest and you die one year before receiving it😂 Come on people quit buying shit you don’t need quit wasting money on crap that is useless and be smart about the money that you’re earning Peoples main problems life priorities are number one

@dakotafaught7593 14 дней назад

Can you talk about how to save money for our wants tho like I really wanna get a pc but I'm working my emergency fund right now I feel like it'll be forever until I get it 😭

@matthewforst3111 15 дней назад

6. Having children

@humphrey 15 дней назад

Haha yess

@pete5691 14 дней назад

Not true. Kids are your greatest and most rewarding investment. I max my 401, my roth and my wifes roth.

@eniolafolorunso1095 14 дней назад

@@pete5691Good for you. This is not everyone's experience.

@matthewforst3111 14 дней назад

@@pete5691 Agree most rewarding and most expensive but still worth it.

@changveronicas 14 дней назад

👍👍👍

@bryan_witha_whyy 14 дней назад

I wanted to hate on this video because I assumed it was just another shame piece a la the Ramsey universe. But nope, lots of reality here.

@danielsinger6722 21 час назад

Every one I know who complains there broke orders door dash. Hum

@TheHumphreyYang 11 часов назад

what$app

@TheHumphreyYang 11 часов назад

@mbank3832 15 дней назад

I am afraid to get into relationships because don't want females to nag me for a designer brand handbags...

@Anngrl69 14 дней назад

Then don’t date women who expect you to buy their luxuries? It’s that simple. Or you can test out the relationship and see how she reacts when you state your boundaries (I’m not paying for your accessories/nails/makeup/etc., I have different financial priorities.) If she makes it an issue, then you know the relationship isn’t going to work. The thing is, most women spend a LOT of money on their appearance (hair, makeup, clothing, and much more). Some women see it as an investment in themselves and they expect someone to pay for it. If she’s looking good for you, her man, then she’s gonna expect you to help pay, or even outright cover the cost. There are plenty of women who have this mindset, and there are plenty who don’t. So you just have to play the numbers game until it works out. But something tells me you don’t feel like you have many options to choose from…

@mbank3832 14 дней назад

@@Anngrl69 you’re young, you ll learn