Inflation's Down - Is My Cash In Danger?
Vložit
- čas přidán 7. 09. 2024
- Inflation's Down - Is My Cash In Danger?
Jump start your journey with our FREE financial resources: moneyguy.com/r...
Reach your goals faster with our products: learn.moneyguy...
Subscribe on CZcams for early access and go beyond the podcast: www.youtube.co...
Connect with us on social media for more content: moneyguy.com/l...
Take the relationship to the next level and become a client: moneyguy.com/w...
Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
60/40 unsubscribed viewer ratio is actually pretty good
Thats what I was thinking , most youtubers I've seen are easily 85/15 or lower.
Yeah, it is amazing good! 👍👍
Is that good though?
It means that subscribers tend to come back, but at the same time it also means that the video may not be being advertised as much to people who don't already consistently watch them.
It's a double edged sword, I think you definitely want a higher unsubscribed viewer to subscribed viewers otherwise you risk not being able to grow or being able to replace viewers who leave. IMO I think it'd probably be best to have a 70/30 unsub to subbed viewer ratio, but if they aren't really losing subbed viewers they definitely couldn't complain.
The content does get dry when you've been watching for long enough but I like to try to join the streams just to keep up to date with any potential legislation changes as I don't feel like other youtubers really cover that well enough without becoming super clickbait / cry wolf about it.
I was thinking the same thing. I saw a guy who gets 50k views each video and he’s like 15 percent subbed
Man I love the live stream starting soon overlay. Great improvement. 👍
Shoutout to Avery for that one!
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
It's smart to reallocate your funds to reduce risks during market ups and downs. Getting advice from a financial advisor can make this easier.
I'm almost ready to retire and having a financial advisor has helped me a lot. Since I started investing late, I couldn't depend on compound interest from index funds. Despite that, I've earned more than some people who have been investing for years. I'll be retiring with at least $1 million.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for 6 years and highly recommend her. Look her up to see if she meets your criteria.
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.
22:53 sounds like Brain’s more flexible than his budget 😂 (Brian’s Troll here)
This topic is absolutely on point for me right now. Im in Canada and my HISA rate has gone from 4.25 to 3.75 in the last few months. I use the interest for family vacations, so this is really disappointing
Can’t you diversify and do even better than 4.25?
1/3 stock
1/3 bonds
1/3 HYSA
@stocksxbondage this is my safe investments that I don't want risk attached to, and I prefer to not lock it into anything
@@stocksxbondage if you want to save for vacation, you want cash, not unpredictable stocks
4:27 "Moment in the sand" do you also "draw a line in the sun"?
Love a mixed metaphor in the morning
Fwiw, I finally hit subscribe about 10 seconds before I was asked to do so in this week's episode.
Thanks for answering my question. One of the best finance channels on CZcams
Every time I see this new intro I get confused thinking my sound is off. :D
Lock in CD like MYGA rates now
22:59 I would say even 70% of high school athletes couldn’t touch their palm to the ground. I would’ve never DREAMED of that 😂😂😂
Inflation is down, but not due to the inflation reduction act, that was what caused the extended high inflation
Can I double subscribe?! If I could I would, your content is so good!
Love my tumbler! Thanks MG team! ❤
Why would you move anything out of HYS if they haven't announced any rate cuts at all? All you have to do is a bit of research to see that it's believed the Fed won't think about cutting rates until maybe September. No reason to panic. Seems like a silly question.
Start grabbing CD ladders or Treasury ladders? I guess it depends on your cash position and use for it? I tend to agree though, I won’t worry until end of August
I just want them to keep rates the same... Things will not get better financially for people unless we just fight through higher rates so that prices can stabilize. Cheap money is just extremely bad for individuals. Auto prices are already coming down a bit and housing has been stagnant with the elevated rates.. Both things are good for consumers.
Having less debt means if something bad did happen it's easier to get out of the debt, even if affordability is worse. It would ultimately stabilize to match the supply / demand curve.
29:24 i didn’t get shoe culture. While I worked at Nike 😂😂
That's normal, I used to work at a financing company and I am very anti-debt for anything other than mortgages... The financing company did loans for everything OTHER than mortgages... lol
Always good info. I think the only place where my experience tells me differently about luxury vehicles in your 20's or 30's is in certain sales and consulting jobs. My wife is a consultant now, but was in sales (B2B). She has driven a luxury car since we were in step 5. Back then she was making $150K a year... now she makes $450K a year. When you are driving around C-level and upper management clients - you really shouldn't be driving a Honda Accord or Ford Escort. Again, very small anecdotal story, but there are times where you can still buy expensive luxury vehicles, increase your income and continue on your savings journey. We just bought a 1 year used SQ5 for her in cash and we are deep in step 8 - mostly because we don't care about paying down our 3-4% mortgages to get us through step 9.
Producers! The volume is way too soft. Turn it up!
“Inflation’s Down - Is My Cash In Danger?” is kinda ironic if you think about it a little bit.
Yeah the invisible benefit of better purchasing power is ignored. Ironically, when you’re getting high returns on cash, inflation rate is even higher. Sitting cash is almost always an investment loss, but a necessity. Much rather have low inflation and little HYSA, CD, money market returns.
Who said inflation is down? That certainly is not my experience I don't know who's experience it is?
The guy who would move into the 24% tax bracket - I hope he realizes that it’s a progressive system and I’d be curious how much of his money will be taxed at 24%. I mean if he creeps over by $1,000, does it really matter?
20:49 anyone else hear the Mickey Mouse voice on their headphone when he was saying this? lol
The volume on your videos are always low compared to most videos. I have to crank up the volume on your videos and then get headphone shock on ads
Not all of the stocks in my portfolio are dividend payers. In my taxable brokerage account, I own $VTI (Total Stock Market ETF) and $VFIAX (S&P 500 index fund) respectively. My two biggest properties. The investments in individual dividend stocks all supplement the holdings in the index.
Dividends are amazing. Instead of reinvesting in the same stock, I occasionally utilize my dividends to purchase additional income and growth stocks for diversification. But to each their own ways. What matters is that you're investing in the first place, which is a positive thing. Bravo for the material!
Despite my good portfolio management, I experienced losses in 2022. When I realized I needed to make a change, I spoke with a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, mutual funds, and S&P$500 my $900k portfolio gained 28% yearly.
How do I get involved in this? I'm excited to take part since I truly want to build a stable financial future. Who is the main inspiration behind your achievements?
*Layan* *Talia* *Chokr*
Just surf the web and make your research
Layan gives off the impression of being a very powerful person in her field. I sought her up online and discovered her website, which I browsed and studied to find out more about her career history, qualifications, and educational background. She owes it to me to look out for my best interests. Thank you for sharing; I arranged a session with her and sent her an email stating my goals.
Hey, you have 472,000 subscribers now!
How do I join the team? This would be a dream job! However I am not seeing any current job openings on the website.
Love the new pre-stream graphic!
Awesome b roll for the intro.
38:12 (Brian’s Troll here) - I gave “Millionaire Mission” 5 stars on Amazon, great book …with one caveat. I think it’s brilliant for younger people starting out. It’s doesn’t help us older folks much.
It's just when you're older you are already wiser and if you've been absorbing financial content for even a couple of years or so you're really going to be at the point of diminishing returns.. I'm only 31 but I rarely feel like I find any new information that I'm not already aware of despite watching financial content frequently and only for a couple of years.
Well it’s called the Millionaire Mission. It’s for people at Step 1 not at Step 6 or 7. The rules still apply if you’re 22 or 60 and at Step 1
The crazy thing is, the book kinda made me shake up the Steps a little. It’s the foundation but it’s not the end all be all.
Also studies show that Gen Z are the ones that care the most about their finances. So tailoring the book to them isn’t out of proportion.
❤❤❤
Well now we need a Money Guy triathlon.
My cousin goes by Bo, but her name is actually Bohlert. 😉
I like turtles 🐢
Brine (southern accent) just has really long arms, which is why he can stretch and put his hand on the ground!😱
I can't wait to go to a no income tax state so I can really enjoy my Roth investments
Is "Beyond the Basics" something that I can get in email form, or do I have to keep checking back on the site? I can't seem to figure out how to subscribe to it.
Yes! There is an email sign up form at the bottom of every article. You can find the articles on our website (Articles --> Beyond Basics).
@@MoneyGuyShow Found it, thanks!
I don’t believe he can do it. I want proof he can lay his hands flat
Not taking vacation is an American thing. Need to practice disconnecting
What's the Discord link to join?
The Discord is still for Millionaire Mission Pre-Orders right now. If you registered for pre-order perks and need the link, send us an email to support@moneyguy.com. Hopefully in the future we can build out a larger server for more financial mutants!
Bo can be short for Beuregaurd. Very manly.
Tesla owner is proof you're not a car guy 😂
Gadget guy 😉
I store my cash in btc. ❤
This is peak Financial mutant behavior
It’s impossible to store cash (USD) in BTC. You can own BTC that can convert to cash but it’s a different holding entirely
Hopefully very little of it, for speculation purposes. No one has any idea if it will even exist in another decade.