97% of People ARE NOT MAKING ENOUGH MONEY!
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- čas přidán 6. 07. 2024
- We live in a world where 97% of peoples income is not keeping up with inflation. Yet were constantly being told daily that this is the greatest economy ever. I guess maybe only for 3% of people whose wages are actually outpacing inflation. What about the rest of us? Once again is this a sign of a strong economy? I don't think so...
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#realestate #housingmarket #homeprices #housingmarketcrash
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In Canada too.
Michael!!! I'm so sorry about your toe Dear 😳
You do know you should be careful walking too much. I don't normally advise this but wear a sandal of some kind that won't squeeze your toe. As I've said before, my oldest son is an '87 baby.
Just like you lol Be careful with your feet.
Also, I have a video question for you. How did you learn all this invaluable information? I think you're amazing! You share all this economy information with us in all your videos!!!
@lisithedogwalker the area you and Michael are staying is gorgeous 🩵💚💛🧡
BIDENOMICS at work👆
You are spot on my spiral started 2020 hit
Try govt Bonds not stocks , brokarage fees and huge risk
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
She goes by ‘Carol Vivian Constable’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Marissa Wolfe’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I could be.
considered getting a certified expert in Wealth Management ? They could help optimize your investments.
@@LynnBarnes-p6wHmm, who do you use?
@@MartinGenius-p4p That's where experts like DESIREE RUTH HOFFMAN comes in.
She’s so amazing her predictions and guidance helpful to many speculators during these turbulent times
Ditto! I'm excited to hear about her success stories… I've actually had my mtg. cleared by following her guidelines calls.
No beaurocrat or politician is ever held accountable for their role in this economic treason.
Are you allowed to vote?
@@MrSteeDoonobody that wants to fix things will actually get voted in. We get pre selected corporate puppets. Voting won’t save us.
@@MrSteeDooyes, but only in your state, where the problem is NOT happening:)
@@MrSteeDoo Like that matters. We have millions we have to support with taxs, anchor babies.
All are accountable.
The scary thing is that it’s going to get worse this year.
Much, much worse. Just wait!
Hard to imagine the business cycle bottoming any time in the next 18 months... these things play out over quite a few years. I'd say we're in the third inning of the ballgame.
It is only going to get worse and worse. Stay tuned
But it’ll be worse next year. There’s nothing trump can do to turn this around overnight. We’re going to feel the effects for years and years to come.
I have a spare bedroom in my townhome in Las Vegas. Do you think I could rent it out for $800 a month?
If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Do you mind sharing info on the adviser who assisted you?
Wow, her track record looks really good from what I found online.i just searched her name and messaged her and I also scheduled a call with her
@@Duttonmuffins What's your point? I have all three: real estate, stocks, and cash.
The government keeps printing money. The excessive amount of government employees living large lifestyles off of the taxpayers.
THIS!
The government employees I know are struggling just like everyone else
Well, the government is not printing the money. The "federal reserve" is printing the money. The government is borrowing the printed money.
@@networth00does that that represent the whole pie or a tomato to through at said worker?🙄
@@Horatio1886build huh?
Greed is rotting this Nation from it's inside out.
Human nature never changes. It's like water seeking it's lowest level.
Yup!@@robertmanley2687
Yup@@robertmanley2687
Greed will always exist, the problem is a political structure that allows the greedy to limit their competition and steal from the public through taxation and inflation.
People have been trying to warn Americans that the USA was being looted for at least two to three decades.
I was working during the 1970’s inflation. I received bigger salary increases than people are getting now. It was not as bad as it is now. This is the worst I’ve seen in my 78 yrs.
In the 70s the minimum wage was increasing every year...effecting all workers...your wages increased to move you in accordance with the minimum wage earners...
$7.25. Today. Dear God, help us.
Stick around
Back then, companies still cared about their workers. From the 80’s onwards, greed started to creep in!
Really, is it that bad? It's horrible for millennial like me
One thing no one talks about going up is the amount of fraud, identity theft, phone hijacking…bank accounts and personal information hijacks….
I’m a cashier and I see that sooo many people have to keep their cards locked until they’re ready to pay for something. If they don’t lock it, random charges come out constantly. Cards are so much of a hassle, cash is much easier . This is so different than when I was a cashier a decade ago
Done by people that can't pay their bills no less. 🤡
Everybody under the sun seems to think owning houses to rent is the easiest way to make money. I did it for a few years and there’s no way I’m hell I’d ever do it again
Yeah, being a landlord sucks. Renters are TROUBLE.
After the forbearance laws during covid, I can't believe anybody would be dumb enough to become a landlord
They believe that renters are philanthropically giving back when they're paying exorbitantly high rental charges/ The supply is the demand/ Realtor corporations are federally licensed drug cartels/ All of this rampant conning is sanctioned by central bank industries/
I was a private real estate investor got out on time definitely early but I don’t care about the money. My state of mind was more important .The person who made the comment is correct once you had to house people for free during Covid would’ve drove me insane unfortunately or fortunately my son has the perfect house to rent perfect interest rate , now your interest rate is the asset not the house .But I had to advise him no way ,another house that will not be for rent. I would never buy a house anytime soon. I am retired now,I had to understand the business of course but I have no idea what’s going to happen now or for how long. And I would guess as high as six out of 10 renters were nightmares. They cost me a lot of unnecessary money.
@@Mtnsandoceans I wish I got out in time. I’m an idiot and bought my first house in 06 and was intending on living there for a while but things changed and after fixing it 4 times after renters I couldn’t take it anymore and ended selling at about an 80 percent loss. I sold it to my friend for $30k just to get rid of it then he sold it 3 years later for $90k I’m still fuming pissed about it.
Inflation up. Profits up. Wages down. They told us to go into Stem and engineering. So people did. Now wages are going down. It's like we're living in the twilight zone.
Our firm is hiring MEP engineers with Revit and cad skills. Electrical experience a bonus.
STEM has been laying people off like mad, and the statistics are hidden by the creation and filling of a ton of low-wage and part-time jobs that don't cover the sky-high cost of living. Artists, meanwhile, have it worse than ever as people can't afford discretionary items like art, and AI is being used to generate content.
I don’t listen when people tell me what field to get into. I forged my own path.
stem was fine if you got in on time, but it's way too late now sadly for most
Same can be said about many careers my boy. Don't cry about it, learn to use the system.
Nothing at Macy's is worth that kind of debt
As a Macy's fan I strongly agree. I wouldn't set foot in there if I was struggling with bills.
I am much offended at Macy's recent gender-confusion ads. And then they have some nerve to advertise more, after closing our local store. Why, how would I ever shop at Macy's? Probably overpriced for this sad economy anyway. I often bought clothes at thrift stores.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.
I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.
In my opinion, create a budget including income and expenses, do this with a financial advisor.
Plan with a pro advsor for a successful retirement.i work with an advsor and generated over 1 5 0 %
In 11 mnths with guidance.
When my grocery bill suddenly went from $300 to $500, I put the brakes on. It's taken me 1 year, increased shopping strategies and time involved, to get a system in place and successful. I'm down to $300 a week instead of $500. We barely eat meat. I stretch 1 pound that used to be a 3lb dinner. I make my own bread. I think twice before I pull it off the shelf to buy. I postpone basics until they are on sale, then I stock up. Zero impulse buys. I'm not poor, I just object to being scalped.
I bet that homemade bread tastes amazing.
All people here got mental issue, why do you type your own personnal stuff to random strangers? I don't give a damn about you all seriously, my problems are really enough, I don't need to be filled by yours, the invisible stranger that I will never meet or talk again in my life!!
Nice attitude.
@@stephanmarcouxdrums4877 Yet you're here talking to strangers LOL.
Thanks for sharing your strategy, Sportsman
I eat roadkill and do the big DD for meals (Dumpster Diving)
It s not for everybody but l m planning on things getting worse, before they get much worse
“Less able to afford a vacation?”
What’s a vacation?
Watching CZcams vids
@@jimcrawford3185 You leave home for a couple of days to take a break from the bill collectors.
What's a border ?
Ive been working construction full time since 2005 and maybe had one vacation since then.. maybe
Dear friend @@Mike-sr6gd 😥
The three bsics elements in life is health, food, and shelter.
If one of those is missing we are in huge trouble.
Water first . No water no life.
Exactly, today it seems like all people including highly qualified professionals are working like crazy just to obtain food and shelter lol
God made it so we cannot survive without water, food & oxygen. Man added money to the list. Unnatural, artificial money. We should never have allowed it.
I work for MGM corporation. They made $1.1 Billions in profit for 2023. Guess how much raise I got from them ? $0.40 is what they gave me while CEO and executives are raking in millions for themselves. We get no bonus at the end of the year. All we got was lousy Christmas party with shittiest food they can serve you. Food for employees that I wouldn't feed my dogs with it. I just go to work put in 8 hours , do the least as possible , collect my checks and go home.
19 years ago I was making 75k a year and never worried about money at all. Today I make 85k and am struggling hard and cut back to bare bones spending. I absolutely refuse to go into any kind of debt.
SMART. Me, too.
You live in America - our currency is debt, our nation is fundamentally built on debt.
It’s bad… prices of EVERYTHING are out of control. Food at the grocery store, forget eating out, gasoline, car, home insurance, utilities, medical coverage, when is it all going to STOP? God Help US!! 🙏
It will not stop , not for a long time. Perhaps decades.
exactly, its $75 for myself, wife and daughter to eat at a restaurant these days. That's just ordering food and a soda and leaving a tip.
It will stop when people stop voting for crooked politicians
@@stinkincooldesigns8469wait until you guys get a bunch of chronic health problems from drinking sodas. That’s gonna be expensive!
@@stinkincooldesigns8469and it’s just as expensive to buy and prepare your own food.
It's 97% now. Eventually, it'll be 99% who are not making enough money.
I love the fake title. It just creates more and more myths
yep. the libs are getting their way. then they can save the day with more govt while they live in one of their houses....
Well, seeing as the Federal Reserve note phony dollar has lost 99% of its purchasing power, it all makes sense.
I don't know when will people learn, we are just trying to keep up, or paddle against the tidal wave!
S.m.h
Probably already is at 99%, I hope y'all realize the inflation numbers are very rigged. Real inflation is higher than what they admit.
This generation just needs to work harder and pull themselves up by their bootstraps. Since Covid, I canceled my Netflix subscription, started making coffee at home, and I used the money I saved for a down payment on a happy meal
Down payment on a happy meal, very good.
Hahaha love the sarcasm
@@brianmatthews9697
Whatever happened to that McD dollar menu? Why should we even set foot in some of those price-gouging restaurants owned by greedy corporations? Because the CEO needs yet another vacation house?
We can't afford bootstraps, nor does anyone have the energy to pull themselves up with everyone having two jobs to survive
@@xbirdsofparadise
Time to move to a more civilized country?
14:00, If Macy's is charging 34.49% APR for credit cards then they deserve to go bankrupt.
Lowes is charging this too now corporate greed at its finest
At what point is it "usury"?
@@yosefmacgruber1920 I consider it usury at 0.0000000000%
they are just trying to make up for slow sales. Bleeding dry existing customers
@@yosefmacgruber1920it's always been usury
Things are going to get worse folks.
I’m not sure what’s the right thing to do anymore, but I do know it’s not the right time to buy luxury items or get into unnecessary debt.
Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10 :10, John 3:16-17, Mark 8:36, Hosea 4:6, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
Those two things you mention not to do ARE ALWAYS the right thing to do. Being conservative is a must. People just don’t get it and are ignorant of managing their money.
Many of you post like you’re used to debt and spending money you don’t have with bad financial habits.
I’ve always proactive,lived debt free and within means,saved,invested,etc..
I plan to travel more.
Minimize taxable contributions
If I didn't own my house outright, my life would be a lot harder.
Amen.
Absolutely.
How much do you think your mortgage payment would be?
IN CA....I dont know what I would do if I were not in that situation. (probably have to leave)
I got lucky and found a cheap house at 3%, if I had to retire and buy a house now it wouldn't be an option now. I'm so lucky a toxic manager at my previous company made me move out of CA and buy a house in the Midwest before prices even went more crazy.
Bought a rv and sold it all, done with this rat race. Life is way to short to play this game, Want to leave the country if I can get family to go. Everything is to far gone here and has been going this way for a long time. It's not just money, our health care is unaffordable and they just pass us around and don't help very much. Also we don't have real food in this country, not sure what it is. The basics of what we need for life is being eroded day by day.
@@alittleofthisandthat8003 Well said
Salaries are one thing, but not even having a job or career because everything has been outsourced overseas or to AI is the real minefield.
Its insane how far this has all gone so far
the great depression is coming Edward Dowd was right...
Ppffffftt, because people all tolerated it all to get this far....
President John F. Kennedy tried to abolish the problem, but he went to Dallas, TX, and never came back.
... in such a short period of time.
Because we won't arrest traitor Democrats.
@@analyticalhabitrails98573 letter organizations have officially destroyed their own nations.
Spending trillions of printed money
Inflation hitting all countries. Probably cause all printed dollar connected to Oil
The evil politicians fund the wrong things, enlarge government bloat, and then they want austerity in making the hard workers broke. The Fed should not even exist. Unconstitutional very much. Savers should set the interest rates, not filthy-rich elitists who are probably or perhaps even Satanists. Why do they send money to Ukraine and illegals? Because they hate us?
I took a taxi from airport home, it was a whooping $100 (one way), it used to be $45 before the giga coof print. Shutting down economy over a sneeze and print money was where things started to really go downhill.
Dang
Too Big Too Fail bankster bailouts was the wake up call.
Yea! Was in Brooklyn, NYC this weekend. Uber was 100 bucks from LaGuardia to hotel in Brooklyn. There were a bunch of folks at the airport claiming they could take me there for cash money. I was too scared to try it, lol!
All by design
ALL BY DESIGN. This was a coordinated effort and those of us with eyes saw what was coming.
I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in. I'm going crazy waking up in different parking lots everyday, all alone.
Stay strong, it will pass
@@realfreedom8932 I sure hope so... People have been telling me that stuff for years, as my life progressively just gets worse and worse...
Yet you are commenting on a CZcams video complaining about your circumstances. Should be busy working and hustling
@@Mc.flyyy11 I already work dude... How do you think I pay for my phone bill and car insurance and gym membership for showers? I actually work and pay bills and contribute to society dude. I just can't afford overpriced housing.
@@Mc.flyyy11 I literally make vlogs about how I'm working and surviving out here like this.
34.49% on a credit card? Good grief. There is NOTHING I could need that badly to pay that percentage rate
No wonder Macy’s is having issues.
They can charge whatever they want as long as you agree to it
That kind of rates used to be charged by what was called loan sharks, con artists not so long ago ..
@@droyal104 There is a term called “usury,” that fits this example perfectly.
My friend has a Macy’s card; she told me how they sent her a letter saying it was going up to that! I said cut that card up! She said she’ll use it for that small discount they give customers, then she said she’ll pay it off right away!
@@cherylT321 it’s ok if you pay it off monthly
THE PROBLEM IS THE GOVERNMENT
Say it LOUDER for the people in the back. You are SPOT ON.
Thank you.
True, and worst of all is that this is all by design : agenda2021/agenda2030 following the world economic forums plans for us: 'you will own nothing and be happy '.
We had a felon as President t .
@@networth00
"The Fed is your problem" - some guy called Trump.
When engineers are lossing, you know the country is seriously messed up. Engineering is applied science. Adding tremendous value to every single industry by sovling real problems and streamline solutions.
I wouldnt be surprised to see foreign born engineers to move back home
Why is it so hard to get a job? Work PT and they are cutting hours. Never worked so hard to find work. Craziest thing ever.
I was in a craft store the other day, of the five people working there at the time,, they had all been retired but had to go back to work because they couldn't afford to stay retired.
What's 1100 a month ssi gonna do? Buy 3 weeks of groceries bout it
And they know how to work
That’s why you should just stay at your job until you know your money is right.
Sounds like they didn't save and plan for their retirement ahead of time.
@@veraruffin3950 millenials will need 4 million in the bank to retire Gen Z will need 10 million. GL getting your worthless devalued dollars up playa.
I notice that only Costco is busy all the time. Department stores like Nordstrom, Kohls and Macy’s are mostly empty. I think more retail failures will happen in the near future
Department stores’ clothing departments have been poorly stocked for years now. Basically they’re used as a return hub for things people bought online.
65. Costly membership. No thx.
Yes. I had a kohl's gift card and went in there a couple days ago. The parking lot was practically empty. You could count the amount of people with your fingers. To say it was dead in there much like sears felt before they went under was an understatement.
Kohls merchandising has fallen. Target is sickening to be in. Costco is one stop shop.
Everybody in Costco is a robot on a phone.
I'm in the 3%, where I'm absolutely balling but I try not to lose touch with reality by staying tuned into channels like this.
Good for you man. Curious what business vertical are you in?
Meanwhile, the U.S. Dollar is about to crash due to de-dollarization efforts around the world.
This is not just a run-of-the-mill Recession or even a Depression.
We are facing the end of U.S. global dominance.
BAM! And the BRICS have officially surpassed us in GDP. And other countries are joining the BRICS. WE are toast. Hang on. Get land, grow your food, learn agriculture and plumbing, surround yourself with a supportive community, family and friends. The best people I knew from Wall Street (I live in NYC) told me this YEARS ago.
@@mtmg3648 At first, yes. But once the collapse settles down, then the U.S. will become like Britain and other former empires - just another country.
We are already in a recession.
Yup. Have been for years, and I think it became a depression last fall.
"President" Biden just signed the "Don't Say Recession" bill into law.
Maybe even in a silent depression :(
Definitely depression
Depression
As long as the government keeps spending more money than it budgets, inflation will continue. We don't have a taxation problem in America. We have a government spending problem.
And inflation screws you two ways. The traditional way, you dollar buys less. The second way, as you "make more" to keep the same standard of living, your higher income puts you in a higher income bracket and you get to pay more taxes.
Agreed! Too many people can't seem to understand this basic concept. And the average voter doesn't have the willpower to sacrifice.
Inflation actually screws you 3 ways- the third being that you’re paying more sales tax on said higher priced items.
Much of the inflation seems to be greed from big companies. It's a highly concentrated market, it's controlled quite easily. Then lobby Congress. Average folks don't stand much of a chance. Some more tax cuts for the super wealthy, deficit goes up.
@@penniesfromheaven2511And the rate has went from 2 percent in Indiana to 7 percent over the years plus an extra 1 or 2 percent for local sales tax in some areas on those higher prices. Things are a lot worse than the tax on tea!
I don’t know, I don’t think voters are looking at politicians’ fiscal policies when they vote, they’re looking at their stance on abortion and Christian vs liberal values ie meaningless shit when it comes to running the country.
Car payments and housing too much for most of us
Yet corporations are posting record profits ..... congress needs to get their shit together
Why? They’re fat and happy and won’t rock the boat.
Or more laws… 😂
As a a certified automotive technician I love to hear that the do nothing positions are going down. Nothing makes me more mad knowing that the person that actually does the work makes the least. Boycott corporate America.✊
We will have no choice, our buying power is in the toilet.
Plumber and licensed irrigator here. Unfortunately we depend on all these do nothing rich people to keep paying us to do work at their mansions and fix their $150k cars.
Its the people vs the PRIVATE, MEGA-CORPORATIONS.
@@huemann7637 We survived just fine without big corrupt banks and extremely wealthy do nothing monopoly guys. Nobody is really that dependent on them.
Electrician here, same for sure
Inflation started when the U S went off the gold standard and the currency was then backed by the price of oil.
An Saudi just ditch the american dollar for the BRICS it's not good....
You're correct: Tricky Dicky, Richard Nixon took us off the Gold Standard. We can also thank Nixon for signing a bill transforming The Health Care Profession, into the Health Care Industry.
What year or years did it start?
More than 50 years ago!
@@BREEZYM6015'71 or '72!
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
It is important to have an organized plan and avoid making impulsive decisions based on short-term market swings. Patience and a long-term view are essential. You should consult with a market professional.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
I could really use the expertise of this advsors.
*Layan Talia Chokr* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for your fantastic tip. I verified her, wrote her, and she seemed proficient.
Years ago companies had defined retirements and then switched to 401k's which saved then millions. The pressure was on driven by Wall Street to grow these investments. Profits had to increase year after year or the CEO's job was on the line. Endless pressure, mega mergers, offshore the labor, shrink the package sizes, endless price increases, all in the endless quest for bigger profits. Guess who was the loser? Consumers who have never been able to keep up.
This is why I haven't gone anywhere for vacation
I went to Australia and Canada fun times
Why don’t you live on vacation? Work half the year, live in XYZ country the other 6. I can live at the beach in any South American country for 5k for 6 months.
Just leave the has-been Western old and dying countries. They are hardly family-friendly anymore.
I remember talking with my high school math teacher, who was then trying to teach about compounding interest and such, that inflation will just make all the money I saved up worthless anyway. I don’t think I was too far off the mark. A six-figure income is becoming minimum wage.
and most people don't make that.
Before the revolutionary war, in the colonies, taxes were a fraction of 1%. Today taxes are as high as 37%. We are well past time for a change.
Hug your family and tell them you loved them tonight. Hard times are coming ahead and you’ll likely lose everything you own. Sending prayers 🙏
One thing I noticed since Michael isn't in Miami, is that we don't get the leaf blower as much to hear !😅
I miss a 130 decibels in the background
Where does he live now...ots still Fl correct-
@@coyoteheartdestinythesylph5902He's visiting California for the summer.
@@coyoteheartdestinythesylph5902Florida in winter, California in summer. He stopped in Illinois for his sister’s wedding.
@@truthseeker1959You know it!!🙌❤️😎
My auto insurance went up again this month! My electric bill went up over 35%, even though they claimed there would only be a 15% raise. Food, used cars and rents continue to rise in Tucson, Arizona.
Not to worry, Bidens got this!
@@recabitejehonadab2654 Guess what? As an non american I'll tell you right now if he leaves at the election you'll be in the exact same shit whoever wins. This is not a problem that is strictly happening to America, it's all the Western Countries and guess what? They all have different political parties elected but same results? Come back in 6 months to this comment prove me wrong lol
Real estate agent should work on an hourly rate like a lawyer.This commission percentage is a scam and the sooner it goes away , the better
1 Thessalonians 4:17 - Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
Luke 17:34-37 - I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left.
1 Thessalonians 4:16 - For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:
Revelation 3:10 - Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.
Mark 13:32 - But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.
Matthew 24:29-31 - Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
1 Corinthians 15:52 - In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.
Daniel 12:1-2 - And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.
1 Thessalonians 5:9 - For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Matthew 24:31 - And he shall send his angels with a great sound of a trumpet, and they shall gather together his elect from the four winds, from one end of heaven to the other.
Luke 12:40 - Be ye therefore ready also: for the Son of man cometh at an hour when ye think not.
Romans 10:9 - That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Revelation 20:2-5 - And he laid hold on the dragon, that old serpent, which is the Devil, and Satan, and bound him a thousand years,
1 Thessalonians 5:2 - For yourselves know perfectly that the day of the Lord so cometh as a thief in the night.
Matthew 24:42 - Watch therefore: for ye know not what hour your Lord doth come.
Luke 17:34 - I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left.
2 Thessalonians 2:3-7 - Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition;
Mark 13:32-37 - But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.
Matthew 24:27 - For as the lightning cometh out of the east, and shineth even unto the west; so shall also the coming of the Son of man be.
Its amazing how many people don't even know what inflation even is. I was complaining about it at work and people are looking at me like a deer in the headlights.
It really is hard to believe there are people that don't know what inflation is, but the reality is that a lot of people not only don't know what inflation is, but also don't know a lot of basic things that should be a no brainer. You would think that with such vast access to knowledge and information on the internet these levels of ignorance would be a rare sight, yet here we are.
IF WE DON'T GET RID OF THIS GOVERNMENT SOON WE ALL WILL BE HOMELESS AND STARVING
Hahaha and the riots start. Bro you are pointing your anger at the wrong folks. Politicians do what they are told. May I recommend you think on that statement awhile. I will leave you with one of my favorite quotes: "it is not what we don't know that hurts us, it is what we believe to be true, that is false that does."
True, but the reality is, this is beyond fixing.
When Trump was in in 2020...the hyper insane money printing started up. We are paying the price for that today. Both parties are destroying America.
@jrgb9945 it's not there yet. We need a conservative America first agenda for the next 20 years.
@Beastlife50 I agree..but unfortunately it's 30 years too late. Ross Perot was the nation's last chance but unfortunately the masses of fools elected that saxophone playing womanizer in 92 and the rest is history
I work in the auto industry. The number of just absolute junkers being brought in for repairs is crazy. Cars that have been under trees for years are being “fixed” up. And new cars are breaking in ways even the dealers can figure out, damned if you buy new damned if you don’t.
The economy was good from 1950 to 1974. It has been bad for most people ever since then.
Yeah as a controls engineer, making between a salary range of 95k to 115K, feels like it doesnt go as far as it used to when i was a kid. As a kid making 100K was like big money.
When I was a kid, 1960's a 100K house was a almost a mansion.
Total Nonsense. You just need to move your poles and zeros.
What plane are they on?
lost a root in your model..
left out the beer and 🍕 pizza variables..
Have the gain higher if possible
Vote for the Laplace/Bode ticket ?
Or Vote for Locus/Nyquist??
Your goal is see whom is stable.
Break our the 35670A or 3562a or 3582a?
I remember my parents, two working class people, complaining about inflation in 70s
its much worse now...and we in the 70s were getting double digit interest on our savings and certificates of deposit...many seniors were paying their rent or mortgage off CD interests.....again Ronaldo Reganato put and end to savings rates..
You forgot to mention that car loans were also high, as were mortgage interest rates. We purchased a new Toyota in 1983, 16% interest rate, we paid it off in one year. Our home mortgage rate in 1984 was 12% interest on an ARM, if you wanted a fixed rate, it was even higher. There are two sides to the interest rate coin.
I started my career in the 70s, definitely harder today, but we didn’t have social media or uneducated politicians being voted into office.
We get it, you hate Trump and Regan. People like you (who vote for Biden) are why we are in this mess.
Me and my parents ended up living in a 59 Ford station wagon in early 70s. I still have pictures of that car
The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%.
Trickle down is more a term for Incontinence, than a just economic system. Insatiable greed can never be satisfied with finite resources of a single planet, despoiled by corporate carnivores .
My Nephew got into an apartment for $1,350 a month 1 year ago. He got help from the county on reducing the rent because he and his GF has 2 toddler kids, and they were homeless.. Well, he just got a statement saying that the new rent will be $2,200 a month for the new lease. The place isn't even worth $1350 imo, and $2200 is highway robbery. He is waitng to hear if there is anything the county can do for them before they have to move out.
wow... that sucks... I hope he doesn't snap and start doing crazy stuff.... it's all good, the new millions of refugees are getting checks from the government to spend on the economy LMAO...
I live in the Bay Area calif I am starting to see more and more very old people living in their cars so I know for sure people are struggling to get by. very sad it has come to this. crazy crazy stuff man.
Sad😢.
The more I make, the less it's worth. How the hell am I ever going to get ahead?
Not sure getting ahead is in the cards now. Just hang tough.
Move into a van!
You get ahead by living on less than you earn....create a budget and spend accordingly. It's not fun, but it works. Adulting is tough
@@quiltanonif the current mathematical trend continues nobody will be able to afford to do that. It’s not complicated.
Well, had people gone back to the gold standard, that "president" nixon took us off FIFTY YEARS AGO, this nightmare would've never gotten this far at all!! But nooooooooooo, people tolerate it, and allowed to get it this far.
It doesn't take a rocket genuise to figure sh£t out.
People just keep flooding the country. Everyone likes to joke and act like it isn't hurting us, but it is. We're all competing and now things are just more competitive.
As a Retired Senior....
My income of 2 Pensions & SSA....
Is Keeping Up with Inflation.... For Me....
Only Because I'm Old & Don't Buy Much...
My Home is Small & Paid For....
As well as My 2018 Vehicle= Paid....
My Health is Good....
& I've Always Been Low Income....
I've Always had to Make Due with Le$$....
I feel that Rest of the Spoiled Population....
Is just Coming Down to....
My Pay Grade....
2 pensions... if only we could wish to have that.
Yep I worked at a State Hospital for 15 years & just $13 an hour for the 1st pension.....
& 18 years at a Grocery Store & just $14 an hour for the 2nd pension.....
I stayed at these low paying jobs because of the Pensions....
So now I make more $$$ Retired then I did while Working.....
@@bypinkerton892you make more than I do today full time doing dangerous work with more than a handful of years experience in the field. And sounds like you’ve been retired since before the rampant inflation, how exactly am I spoiled? And I can’t afford anything?
@@bypinkerton892combined you make more that is. But I have no pension, it doesn’t exist anymore. The only money that will be there when I retire is the money I myself set aside. The dollar won’t even exist then for gods sake.
I made $13 & later $14 per hour for over 30 years... I could never afford a vacation or to repair a car... I walked 3 miles to work & stood on my feet all day & then walked 3 miles home... I stayed away from many people that would brag about their vacation & lifestyle's... I was poor... But I now have the Pensions.... You can still get Pensions at State Hospitals & other G jobs... One day a mother was trying to get her daughter to go to college & pointed to a few of us at the Groçery store & said to her daughter.... " If you don't go to College you'll end up like them."
The problem now is, money isnt worth much.
That unless we ourselves head back to the gold standard, this is a controlled demolition. Currency destruction as designed.
34.49% APR? That's freaking criminal...
Criminal is paying that rate. Move the debt to something cheaper if you can't pay it off.
At my large healthcare company, they are outsourcing creative jobs (graphic/motion designers and project managers) to South America like crazy. It's really depressing.
Inflation, under paying jobs and being taxed to death. It’s awful!! I haven’t gone on a vacation since 2017 and I couldn’t afford it then either!! My industry (advertising), is still on huge pay cuts and we’re not expected to get back to our full salaries EVER. 😳 Companies are just cutting salaries - period. They’re blaming strikes and covid. It’s insane!!! We are struggling!!!
Everyone’s gonna need to do what my neighbors across the street have been doing forever! There’s 6 cars in driveway and 3 in front of the house living together and splitting the bills !
The apt I used to live in for 30 years started having parking problems....that never did before.....everyone moving into one bedroom apts...
The illegal cultures way... What's happened to fire code violations in America? There's a point where too many people in any building is a serious fire hazard for the entire areas inside and outside...
Immigrants. They're the only ones that can live like that peacefully.
*There are six cars in the driveway Is it really that hard to use plurals correctly? My bet is that you're a Californian.
@@riproar11 that’s all you have to do is complain I didn’t say it correctly? wtf dude no I’m in new York
The fed is the problem you cannot borrow yourself out of debt.
As a mechanical engineer for over 20 years, I can attest to the fact that our salaries are growing nowhere close to keeping up with inflation. We keep losing money. It sucks! It took 15 to 17 years to hit the 100k salary mark and I have a ton of additional education to keep at the top of my game. Now I can feel things moving backwards due to inflation.
Retired back in 2016 today I am working 40 hrs/week to make ends meet. Homeowners and auto insurance increases are wicked painful
The only ones beating inflation are lawyers, executives, and vice presidents. You could even throw in specialists that misdiagnose patients to keep them coming back.
and plumbers
@@ilikebeets9600Yep, four of the wealthiest people in my town are an orthopedic surgeon, a lawyer, a dentist and a plumber.
Don't forget Pelosi and the rest of Congress!
@ilikebeets9600 lol yup I'm doing great.
And anyone holding bitcoin.
The decline of the US dollar started when Nixon took the value of gold from the dollar in 1971. The Unilateral cancellation of the direct convertibility of the US dollar to gold.
I used to love investing in the stock market. There were also great deals on real estate. Once the Fed started QE in 2009 i was out for good. As long as the Fed can rig things I want no part of it.
I am pretty sure I will have to start defaulting on debt next year just to keep a roof over my head. I was trying to get ahead of it so I would be debt free before this hit but I moved too late.
I'm in the same boat. We'll get through it.
You are waiting for the stock market to go down - but you worry that if you buy stocks that they will continue going down, maybe for the next decade. I think the best way for the average person to deal with inflation and wages that aren't keeping up is to get off the finance train. Stop financing. Stop carrying a balance on credit cards. Keep your car after is paid off, then don't buy another car until you can buy it outright. Most people have no idea the impact of interest and finance charges on their life. Stop buying collectibles and junk. Stop buying big expensive houses just because the bank will give you a loan. Do live below your means, buy quality and usefulness.
This is what I do. I have an 8 year old car, paid off, only debt I have is my mortgage and I have a credit card through my bank that I only use for gasoline and oil changes for my car. 90% of my paycheck every two weeks goes into my savings. I realized I am spending way too much money and if I cut most my spending I can put some serious cash away. The only luxury items I really get is Blu-ray movies (this is my hobby that I do when not working) and I am looking to just give this up all together.
@@stonesfan285 @stonesfan285 Good for you. I am blessed to be a healthy young senior with my house and cars paid for. My step father grew up running his family's dairy farm, so through him I learned how to fix and maintain everything! I have my own home shop and I do almost all my cars repairs and maintenance. Another thing that my step dad taught me: frequent oil changes are a lot easier than overhauling a car's engine or transmission. Some people tell me I change oil too often, but this works for me: engine oil and filter every 2,500 miles, transmission service every 25,000 miles, differential service every 50,000 miles - its essentially a heavy fleet service schedule. I also buy my oil and filters in bulk, and since I'm doing my own work its not really that costly.
Ah-hem... that might be " anti-semitic™ "
@@zorrosword123 That is a tired trope, please stop.
@@zorrosword123 He said nothing anti-semitic.
Realtors are an unearned income. They do next to nothing for an astronomical pay. All we need is online multiple listings with pics and video and the standard appraisal and home inspection and then the standard paperwork that relators only collect.
Obviously some people don’t understand how stressful selling Real Estate is if you are doing it right! It is not an easy job at all! Sellers can use a transact coordinator for a lot lower fee for the paperwork! The challenge is finding your own buyer who is actually approved for the mortgage! Ask them for a letter from the bank they are pre approved!
Are you going to write up all the paperwork when you get a buyer?
@@stonesfan285 No. I'll have A.I. do it . Haha
@@stonesfan285 Yes
Yes, realtors are now a necessary evil but that is about to change with ai.
According to the internet, we can just hustle harder.
Trucking rates are down, but repair, parts, insurance are thru the roof
i am retired with enough money to buy a modest house in the Maryland/Delaware shore area,..but,.....after watching Michaels and other CZcamsrs discuss the issues regarding buying, and owning a house,...I have decided Fuggettaboutitt!!
Move abroad
Argentina is very affordable. And a residency is easy to get for retirees who have a pension.
Depends on price vs rent.
@@juanvaldez7279Bingo. For me buying was cheaper than renting when I made the decision to buy in the fall of 2023.
How much would your property tax be?
Can’t disagree with the data. But, ppl are still traveling, going on vacation, buying new cars, etc. It’s clearly not just 3%. Either more than 3% are keeping up with inflation, or people are living well outside their means….which is crazy.
Doom spending. They try to save money, but quickly realize that they’re not making any progress. So what’s the point? Spend and borrow, rinse and repeat.
I see all these new/ newer cars in my parking lot at work and I come in with my old paid for beater / no car payments , makes me smile😊.
you would be surprised how m any people go from Bankruptcy to bankruptcy much like Donaldo Trumpisito.
When I see people with nice things, I don't think they're rich ... I think they spend themselves broke buying that stuff... And that nice house, actually belongs to the bank.
@@recabitejehonadab2654Make me smile too driving around In my 14 year old Honda Fit which by the way hasn't even needed a repair in 2 years now. New cars are not even that reliable!!! And my car payment is ZERO dollars a month !! Who knows maybe the car will take care of me the rest of my life if I take good Care if it which I do.
I’ve been feeling stagnant wages and inflation for a while now. It began in the 1970s-the downward spiral of wages, unfortunately began in the ‘70s.
All hourly wages must be doubled. If not, this country will fold in on itself.
If wages are doubled then prices will probably double or maybe only up 50%. That's what we are seeing now, along with the free federal handout money churning through the economy.
@@Singlesix6 You're right. That's the bind we are in. The only real fix is to introduce a stable currency. One backed in hard assets. Or we get to watch the dollar go to zero.
I own my company. If I doubled my labor cost I'd be closing the stores and flat broke in no time
Back in the day the pace was minimal with inflation etc. But once technology came about greed hit even harder .. .
No, it's just massive money printing and out of control government spending is all
Greed, sure. But inflation is a function of Supply (scarcity or abundance) and Demand (for a product or service). Now add to that the fact government printed trillion$ out of thin air making the dollar worth less, so it takes more dollars to purchase something. Also, when wages go up a company needs to charge more for their products or services.
If by design....
Combo. It's tech plus money printing and artificially low interest rates in the last few years. Allowed big industry to get bigger for cheap
Tech has turned into nothing but scams. There is nothing new in tech. Except new scams.
The common working stiff making 80K can’t afford shit
Depends on where you live and your circumstances. I make $60k in Las Vegas and do just fine but I live alone and have no car payment. Being single certainly helps.
Making 80k does not mean you bring home 80k, that $3076 every 2 weeks before taxes, medical insurance and any money you put into a 401k. Take home would be roughly $2-$2500. So now lets say you have a 2000k house payment this leave you with 2500-3000 a month for electric bill, water bill, cell phone bill, car insurance, gas in car, gas bill for house, internet, food, clothes, toiletries. If you are single then ya you could probably be ok, but with a family it makes it tough.
@@BREEZYM6015wow so you have no life? Sounds awesome!
@@stinkincooldesigns8469 My recession went into depression with your Truth about bills and finances
For a lot of people, being able to pay bills and get groceries, without using a credit card minimizes stress. Makes living more enjoyable.@@huemann7637
FYI, historically, the DEFINITION OF FULL EMPLOYMENT IN THE US was 4% unemployment.
They are not counting those who have severance and God knows what else is not being included in the unemployment data
Parents, society and the system DEFINITELY need to stop telling kids that they need to go to college. IT'S WORTHLESS. People must encourage kids to do what they love and try to make a living off of that. Am I the only one who read Rich Dad, Poor Dad from Robert Kiyosaki? "If you raise a kid with the mentality that they need to get a job and work, you're leading them towards poverty for their entire life."
Blackrock, State Street, Vanguard are the largest shareholders with 88% of S&P firms.
Crime syndicate runs America. Read that again .
Bank of America fined over ninety Billion dollars. No jail.
@@kimilsungthefirst6840
The tribe?
@@kimilsungthefirst6840 Irish Catholic and Amish?
I will never have or need a Macy's card. Absolutely unnecessary.
Aw, come-on, keep up with your fashionable neighbors the Jones! 😂
@@melissasmess2773 Nope.
Agreed!
Canceled Macy's card bad customer service, znd it goes on and on and on!😮
If you want to know what the real inflation is, just look at 1964. The minimum wage was $1.25 or five 1964 quarters per hour.
The fiat value of those five quarters is $1.25 today, and $28.25 based off the Silver Content. Remember the Gold Statndard?.
And this is why paper will collapse back into metals. There's no getting around it.
100k today is worth what 50k was worth in 2018 that’s how bad the inflation is. The whole 3-7% inflation is the biggest lie ever. Plus prices are going up on food and gas so 100k 5 years ago would be equal to like 250k now that’s how bad it is
We didn't learn anything from 2008 and we continue printing money and spending like there were not going to be a day of reckoning
I am warming to seniors and the disabled people because their caregivers are stealing food from them because they think they don't know. Watch out for them.
Wow , I’m sure Thanks for that advice 👍🏽
Random
Thou shall not steal!😮
Yep. Record Travel, sporting events, concerts, Amazon, movie theaters, costco, restaurants, and hotels being extremely busy and packed shows how bad things really are. 😂
There is only 1 costco for every 2.5 million in population, that's why they are packed.
What really fries my cookies is most people are hurting and the local municipalities are raising everybody's taxes. Our beloved "public servants" . States are broke yet they still waste unreal amounts of money.