IT'S FINALLY HAPPENING! Corporations Are TAKING LOSSES!
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- čas přidán 31. 05. 2024
- After the pandemic, years of corporations, raking in the dough and having massive earnings, leading to an all time high stock market that is finally starting to cool down in. As of the first quarter of this year corporate profits actually declined 0.6% for the first time in over a year. Looks like the tides of the economy are finally starting to change.
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Real Estate Agents Are RUNNING OUT OF MONEY! czcams.com/video/RIqwye9867s/video.html
How about an episode talking cities top 5 jobs in need, and pointing people to things that are always needed in society like electrician or dental assistant(huge bonus and need in many states)
Aren’t they always 😅
Aren't parasites always looking for a host in order to eat?
How can you rent an apartment for a week or month?
Hey Michael and Lisi 🙂
June 1 - November 30, Hurricane Season
Be safe 💗
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
People arent out of money. They are running out of credit.
can't run out of something one never had.
Good answer, right on 👍
Just cause you have credit doesn't mean you have money,,,,duhhh!
Everywhere is full, though. Colin Cowherd...
Good point
American corporations love cheap labor , their simple thinking is , cheap labor = big profits .
Putting Americans out of work has finally caught up with them and the economy .
A fraudulent system eventually breaks down.
The path of evil, ends in death.
collapsing civilization. Feels like.
It hasn't begun to get bad. We're in for the worse economic, social and political upheaval in US history. Get prepared, learn skills and become more self sufficient and join and support your local militias.
well it can ride for a loooonnnggg time though look at many of your systems...
i was watching a video explain how the buying of bonds and debt works... our entire fed. reserve system is basically one big ponzi scheme. look up comparisons of our govs financial system and a ponzi scheme... sucks
These companies pushed it to the limit. They took full advantage of the consumers.
Not to mention the 'inflation' scaremongering. Well comeuppance is a bitch. I stopped spending frivolously on most things about 5 years ago when I saw the writing on the wall. I just wish I would have bought Uranium. It was all the rage and about 5x less than it is now :(
They all laid off workers who are actually the consumers.
And of staff as well..
They worst part is, whatever money ends up in government, they will just waste most of it.
For every dollar sent to the District of Criminals two are spent
No more like $6 under Sliden biden
Down to the smallest towns too.
They launder it to their paymasters.
Take most of it. Allocating funds is their thang.
They are running out of other peoples money..
So true👍
Margret Thatcher was correct about many things..
Time to print more and give it away 😊
They never count Recessions until corporations are hurting. And yet demand falling is how corporations end up hurting. So basically, they don't give a crap about the common man.
congress works for corporate lobbyists, not us commoners
They never have.
How does one count a recession?
Well the Dow has to plummet, then its a recession.
A recession is when a neighbour loses their job.
A depression is when you lose your job.
Big CEO and executives should feel same PINCH
They will get their golden parachute. They'll be just fine.
@@robbro3589this is true
Facts! But we know they won’t -
They never do, such is life
Yep they get bail outs from the government @robbro3589
We should all just stop spending our money at ALL these places. We need some new corporations that value being fair to consumers. We need a whole new world with corporations with actual compassionate human values.
that is antithetical to being a corporation, what we have now is what capitalism allows to rise to the top
Amen to that.
No more corporations, locally owned stores are best.
No more corporations, we need more locally owned stores.
@@IAmVenix Croney capitalism/corporatocracy is not real capitalism.
The average American household has $7,951 in credit card debt. The average credit card interest rate is 27.65%. OUCH!!
I have 10 dollars on my one credit card!
They have dug such a deep hole of debt they will be saddled with debt forever...
I have 15k
Average both and it's around the 7.9k
Eight Thousand dollars ($8,000) on a credit card?!...Sad!
Wow
Last I checked the entire house of cards is fueled by debt.
trillions in IOUs : )
🎯🎯🎯🎯
And down the cards go...
$300 billion to Ukraine and $700 to Maui that’s your president America
I honestly wonder why there isn't rioting in the USA. I mean RESPONSIBLE people rioting.
You do realize, Frank, that the money earmarked to assist Ukraine is not actual pallets of cash sent over there. That money is given to American arms companies, employing American workers, to make munitions and send THOSE to Ukraine. So the money is being put into our economy, but our economy cannot be sustained by the government printing money, that will cause hyperinflation.
I think it will when gas prices go above $5 or after the elections @shirtlesslager
For sure lets take more money and send them more money because that means payday for them as well..........
$700 to Maui? That's an insult. 😂
F the corporations. Let them fail.... The problem is bail outs.... And worse: bail ins
Well when they fail it trickles down to employees. I've never worked for a brokea$$ corpiration
Eg stealing
the socialists won't let them fail
So I'm guessing you are totally self sufficient on food, fuel, water, etc ??
Exactly
Dont worry, they'll just lay off employees to make up for the profits. Then make everyone else pick up the slack
Exactly 💯
Been there done that
`It's about time the SOB's CEO's are starting to recognize our plight. $120k cars, $25 Big Macs, etc, etc, etc, When will this shit stop?
Is government still spending 1 Trillion every 100 days?
It won’t.
I've always been fiscally tight and fiscally responsible. As a consequence my house is paid for, my rental properties are paid for, all my cars are paid for, and I pay my one VISA credit card in full every month. I also repair my cars to save even more money. The feeling of being free from debt is intoxicating. I'm 62.
I build my own cars and mine my own gold.
Same here! And I'm doing it on $19.50/hour with an unemployed wife raising two kids at home!
One key is to buy a cheap house on the cheap side of the city in a cheap state - and do your own small repairs as they become necessary.
Good for you, it’s a great feeling to have others owe you isn’t it? It is a good thing there are people out there working their tails off to pay us rent interest, and all the rest. Go human race!
You should probably find cars that don't need to be repaired.... :) 13 yr old car, bought it 3 years used. $0 spent on repairs, only maintenance and tires. So crazy I bought the same brand again. I always budget a certain amount towards repairs for used vehicles, but am still a bit shocked I've never had to do anything on this one.
Brag much?
Let me guess - CEO's don't like the profits they see - People get laid off
Yep. They stay multi-millionaires & others can't feed their families.
They want to appear to the shareholders as being pro-active.
Ppl get laid off and whoever is left now has 3x the amount of workload.
Yep! 😁 Cannot keep their salary without canning. And nobody can ASK them to only get a measly million, right?
like caffeine, body sees excess caffeine, it lets your gut go immediately
The only place where the budget increases is the federal government.
Wars, wars, wars
Endless borrowing...
Payoffs, payoffs and money laundering
Waste, graft, kickbacks
My response to that truth is, BUY DEFENSE STOCKS. All of them.
Im 26, make 250k a year, live with 2 other roommates. People and some of my family call me crazy "Why don't you just live alone?? Why do you drive a 2004 car???"
I pay $1000 a month in rent and live under 2 miles away from my office, gonna actually just get rid of my car and cut that expense out of my life too.
Consumerism is a disease.
The smaller the government, the more freedom we get.
Whose the guru you're about to pimp to us in the comments with a bunch of bots? All kidding aside, this is the way. I've always lived like I was still in college. At a certain point, life gets far too easy and you wonder why other people are so dumb to follow the debt rabbit down it's dirty hole. Unless you can fund productive assets with debt (that service that debt), don't go into debt. In a few years, you'll be that guy who bought property with cash when the deals were too good to pass up.
That’s how you get rich and amass millions. Even if you just save six figures it’s amazing, but you’ll likely afford a house quickly this way. THE FASTEST WAY. Everyone else online is like “just manifest MORE MONEY and keep spending and enjoying ur life” like where B, how many people who said that actually started making 500k+ a year. Like no one. All the broke B’s stay broke forever thinking that they can keep spending every cent and being deluded that one day a million bucks will fall into their bank account.
That's not new. I got that from family members when I was 25 years old. I was making far less than 250k. Its doesn't matter how much you earn. They will always say you need to spend more to enjoy life.
He means 25k. No 26 year old is making 250k per year. Unless he's a pro athlete.
They are conditioned to think that the government will bail them out of debt
gains are privatized while losses are socialized. Happened in GFC and happening now
At the end of the day it is just people from bloodlines controlling the rest of the people not from their own bloodlines through manipulation. This problem is spiritual and always has been. Let go of your attachment to your acorns (Greed and jealousy) and view work and study as something to look forward to. If you aren't looking forward to your job or your study than maybe the question you need to ask yourself is WHO is making you feel that way? Employees quit bosses, not jobs. Employers fire hindrances not employees. I can guarantee you that it is the vermin of society making you miserable not the work or study.
government has never bailed anyone out but the banks
@@tobyk5149 It's disgusting innit.
What does the government really expect deliberately done on purpose😅😅😮😮😮😢😢 traitors
Jesuits....go look them up..that's who they serve..I'm a honors historian as well. So I know what I say
I got this notification seconds after I swiped my card for $550 at Costco for basics. I’m spending $800 a month for a family of five up here. Used to be $450 a month. I’ve gone through my recipts and if you look at individual items it didn’t seem too bad but it’s the total bill that’s important. I make over 120 a year and I’m struggling bad. Idk how anyone is still buying houses.
fuel surcharges since 2020 made all items also tack on more price as they are all delivered... throw in nonsemse doubling of insurance for truckers and we all pay for it... its all rich corps charging whatever they want
@@dertythegrower fuel is crazy for everyone. I couldn’t imagine being an owner operator trucker.
That sucks bro. I don’t know how people are buying houses but houses are selling within a week in my neighborhood for asking price or more. Not everyone is struggling
@@Francisco-po1cf idk if folks who are overpaying for homes realize they are about to be struggling.
Where do you live? Massachusetts?
i look around and everybody is still spending money they don't have on companies that continue to raise prices on these same people.
Companies need to be smart and lower their prices IMMEDIATELY
Companies need to make a profit in order to stay in business that’s why stores are closing. So much theft they’re losing money.
They aren't smart , they want to continue making Record Profits with your money !!!
*They never use their own money, just others* !
@@Rebecca-ci3zcyes, but the opposite may be true too. Lower the prices of goods to near pre-pandemic and you could A) have fewer people stealing and B) make more sales which could recoup costs for the lost revenue from higher prices.
Plus companies need to be creative to cut costs in other areas.
They always have made a profit with much lower prices. @@Rebecca-ci3zc
Trade schools! Screw colleges..
electricians... and Mike Rowe has a trade school program and grants now... he knows well on that subject!
oh and dental work... huge wait in many michigan dental offices, 100 plus waiting list in 3 counties.. they have a 5000 new hire bonus also. just one company heh
Community colleges are winning, 4 year universities are losing.
@@dertythegrower lol ! Yep you get free healthcare dental!! No wonder!
@@dertythegrower I pay I call the dentist.. I’m in in less than 24 hours ….. lol
I have been boycotting all spending. I only buy food and ammo now. Nothing else.
Ammo - only in America 🤦♀️
In other countries and our gun free zones.....only bad people have guns. So there is that.
@@joanneburford6364 Maybe he's a hunter who hunts for his food. A lot of people still do that, you know. Frankly, in this economy, it's probably a huge relief to be able to hunt for free food.
@@SarahGreen523🎯 Remember..... there are simple minded people in the comments.
Food and ammo, how American.
Every generation has their non-productive people. I’m an X er and remember when they said that we were lazy, many people are my generation, including myself work really hard
We were the “Slacker Generation” 😂
Exactly, we're the idiots who get ignored and will pick up the tab for all the other generations at this rate.
@@ajf5823 Breakfast club etc 😂 More like the latchkey generation no one ever gave a crap about. I'm Gen X and we've given up so much so my daughter had someone at home when she came home from school.
Exceptions do not change the rule.
@@dougdownunder5622 The rule is suck it up and work hard, I'm not in the blame Gen Z camp because many of them are working hard but anyone who falls for that crap is screwed for life.
We live in a country today where people don't pay their bills and don't care
Folks are mimicking our government.
That is everywhere, and not just now 😅 its common
@@dertythegrower I've always payed my bills home payed for,no debt have money saved,I did it right and I'm glad...😊
So the courts are full of lawsuits against non-payers, or?
You are right on point! No one cares!
Nobody is ok with having a lot of debt. They’re stressed out privately.
Wait till they catch up with them....
Maybe they should stop taking out car loans and buying $1300 IPhones?
Every other year my family will plan a trip to Italy to see our family there. Well, it’s been two years but not happening this year. Just can’t justify spending that kind of cash right now. In off years we will go to a national park or take another road trip to somewhere new. This year might be a year to have a staycation. Have a great weekend y’all 🍻
Dirty Deeds Done Dirt Cheap
Italy's too dangerous to go to too many immigrants
@@robertmanley2687Or as the parody to that song says "Dirty deeds done with sheep". 😂
Same here....every other year to Italy to see friends and family. Not this year, and probably not next. Im 55, retired, nice pension, never married,no kids, own my place. Point is, I have more disposable income than those with families. Im getting squeezed, I cant imagine how tough its gotta be for those of you with families
My wife is a manager at KOHL'S. She says it is dang near impossible to find & hire anyone under 30 with actual work ethics. Constant call off's, complaining about work schedules, showung up under the influence of something, leaving work in mid shift, and an overall attitude of entitlement. Its crazy. She says occasionally we get a new hire thats a good fit, and they go overboard to keep them and move them up to compensate their efforts both in pay and promotions.
This is an excellent video with solid, real life advice.
kohls starting pay is $9/hr. you get what you pay for
@@IAmVenix you're wrong. You're brought in at a rate of your abilities level & retail experience.
Can't they hire people over 30? I know a lot of people wanting work around 50 that it's harder for them to get hired because employers seem to want younger people.
@@beebuzz959 yes. And they have many employees that are seniors. They've done everything they can to fill positions. They are just not getting (enough) applicants to fill the vacancy's. And there are some good younger employees there, which have been performing well & being rewarded appropriately. But unfortunately, a lot of younger new hires don't work out performance wise, or they only want to work certain ours in a given week. The huge sign out front "NOW HIRING" has been replaced three times due to fading. My wife is 48. Most of her employees are in their 50's-late 60's. And in all honesty, some have their problems too. But not from attendance or lack of performance or efforts, in their job requirements. To be frank, they're simply older and have their share of the aches & pains from working their entire lives. Something she is well aware of having done the same...as has many of us in this world. And be assured, she is not a slave driver type of boss. And is constantly looking out for her employees. Again, respectively... She is continuously asking head executives and corporate to get her more youthful employees. Maybe offer incentives to bring in new hires that appeal to their younger age groups. But to be honest once more, they already do. Unfortunately, most don't last. And to re-adress an earlier comment about pay & perks...my wife was hired just after we relocated from southern California to here. (Just looking for a seasonal, part time job) Within 3 weeks they asked her to become full time, then a month later made her permanent full time with the ability to work as much overtime as she wanted. Two months later they asked her to be a Manager. She said she'd think about it. But they came up to her and pulled her into the executive office and told her they had filled that position. And literally handed her, the promotion documentation, with a generous pay and benefits package. So that was when she decided to make it a career in retail, for Kohl's. Been there going on 6 years now. And because of that, she was able purchase this home, about 5 miles from her work, yet in a beautiful rural area just outside of town. And since, has seen several others offered the same treatment. If they get "A good one" new hire, they pull that employee aside and tell them this exact experience and urge them to stay. Some have, but most younger employees simply don't really care. The ones that did, are doing allot better in life than they thought was possible working from Kohl's. Like my my wife.
Most people are just trying to exist.
Been that way since Reaganantics
As a 78-yr-old boomer trying to live without debt on fixed retirement and SS, I can't imagine going on vacation on credit. Nor would I cash out some of my gold to vacate. (It's for a rainy day.) When I can afford to vacate, it's usually driving 100-200 miles to the beach or mountains. I enjoy exotic places vicariously via the internet.
Smart Guy
That sounds reasonable to me.
At your age, you can afford it.
How long do you expect to live? Can't take your gold with you
At 78 years old start buying anything your heart ❤️ desire. 🎉❤🎉 time is....
We have the power to keep them in or out of business.
If voting mattered, they would not let us do it.
@@tobyk5149 I live in Arizona🌵- most corrupt state as noted in a 2022 study by Harvard. Saw it with my own eyes. 26 A. Garcia on the voter roll - living in a one bedroom apartment. Our group left 80k fake or dead voter names for the Attorney General. He did NOTHING. Left to the absolute opposite side of the USA - got a simple job at a lawyer practice in New Hampshire (if I remember correctly) & now I guess he feels safe vs Kartel & the Democrat liar machine. Nobody has gonads anymore…
It does make a difference if you are married and have two incomes. When you are widowed; I live with hardly anything. My check comes and goes. I cannot do two jobs like when I was younger. Too tired. God Bless.
Same. He died in 2011.
Bonnie - can you get a roommate? Do you have a relative you like who is respectful - sometimes that can work. A very part time job can be a blessing as it gets you up, dressed, hair brushed & lipstick on, then among other people. Working isn’t always horrible like some folks think…🤔
Stop buying things you don't need and stop paying taxes
You will be dragged to prison if you don't pay taxes. Try it.
"Stop paying taxes" sounds like a bit of a gamble.
Tax is inevitable. The three letters creatures will come after anyone who does that.
Exactly😊
Taxes are useful
We need all the money accounted for and used for citizens… but we need taxes. The way they are spent is not ok. - stop
Buying so much shit is 100% accurate
The pandemic was man made ….
Lol... pretty sure the US government was delighted to see the virus targeted elderly people... complete nursing homes wiped out..all residents gone.. every single one of them draining the social security system... that was a huge blessing for the federal government...all the money they gave away during stimulus was probably gained back in a year or two from the reduction in social security recipients..
Zero factual evidence of that allegation, according to a consensus of our intelligence agencies.
The Dimentia Tyrant made it worse.
It was a crock of u-no-what
Pretty sure when complete nursing homes full of SS recipients got wiped out across the nation the federal government was delighted...
There should be no federal income tax. We managed to survive as a country before 1913.
One of very few voices of wisdom.
The IRS is the collection arm of the government to pay back the Fed. They function hand in hand. Both need to go.
Absolutely. The average Gen Z just stares if you say Jekyll Island.
And then we discovered we needed something like a real army and a real navy. I suppose we should just get rid of that now?
@@jasonfuller1001We could make a Gofundme account to fund those.
As a homeowner i spent my non-work days pulling weeds, mowing my grass and trimming trees.
Oh, well, when you get done over there, can you do mine?
Sadly while the Section 8 living for free comes with lawnmower.
It is actually relaxing to me to take good care of my home
i dont mind pushing my lawnmower. four years ago I would pay $35 to have my lawn mowed. today it is $75. additional $25 if he uses the weedwacker for the trim. So at 70 I have no problem pushing my mower.
Me too. I like it! 😎
Disabled my whole life. Cannot afford cable, giant new car, vacations, internet, Starbuck's, restaurants, manicure and pedicures. That is all luxury. I do not feel lesser than or deprived.
Bt how much shld sum1 cut back? Shld I sell my fridge and buy canned? Shower once a week? Do my laundry once every 2 months? Buy candles and dnt even turn on the light? Sell my cell phone? For a lot of ppl it's not trying to buy a gold car, it's "I jst wanna have sum heat tonight"
When the government pays for your whole existence, you dont have a leg to stand on in this argument. 😐
👍👍👍👍👍👍👍
@@magikmycology6660what do you know about this person
I live on just a little over $1000 a month; I've never felt richer and more blessed.
I'm a self employed business owner and I've been seeing this for the last 2 years... so i planned ahead as much as i could.
Absolutely. Sales were slow in 2023. In 2024 they've collapsed. The government is lying thru it's teeth about the economy.
Same! We’ve been calling this for the past two years at least!
I work in the oil industry and it's almost dead! I have also been planning.
@@JagdgeschwaderX I pray Trump opens the keystone back up and starts drilling my the day he takes office 🙌🏻
@@searchforthetruth1998 I have no doubt it will happen but it will come too late for the consumer including me because I don't want high prices either. I have a gut feeling we'll see oil explode higher at some point and especially if they try to lower rates. Worse the US production data looks fake/manipulated and the reality is likely not as good as it seems. We might have to suffer more inflation for a year or two.
I’m 7 decades old, been debt free since 1995. Life is no stress and wonderful.
Same here, although 6.5 decades. Congrats.
Okay boomers
Same here. Never carried a balance on credit cards. Cash for cars.
Amen
Debt free except mortgage. I used to have bad credit because of credit cards. I went back to using cash for everything, it helped me learn to control spending, and get creditors paid off. I wanted to be debt free, but it took several years to get credit cards paid off. I learned to say, “no, you don’t need that”, and I still say that. Grocery budget has gone through the roof, gas too, these last three years. We need to do better, as a country. Vote better.
Bring in more competition and eliminate the monopolies !
Corporate greed is really destroying our country.
I have not cut my spending... yet. But I do plan on spending less going forward because of the economic uncertainty going on right now. Some say another great depression is coming. None of us have our jobs guaranteed. I want to make sure I have enough money saved to be unemployed for a year if need be.
Billionaires have built their bunkers. They are going to be all right. The rest of us? Probably not so much.
IT’s government greed ! Look at how many companies corporations are owned by government employees..
Corpocracy is what we have.. not republic or democ
This is going to come on fast if your not dept free today . You probably never will be .. democrat s. Have adopted a globalist view.. if the USA exists the globalist view can’t win …
Start working 2 full time jobs . Each making 100k a year .
Corporate greed. Keep drinking the democrat kool aide. Modern Monetary Theory and flooding the economy with trillions of dollars of new money, diluting the money supply had nothing to do with it. Right? The Fed just fessed up a few days ago that they screwed up. Wake up citizen, open your eyes, there is a freight train coming and you are asleep on the tracks.
Also we ought to push a saying that "Financial Freedom is the ultimate Luxury."
Treasury bond auctions look like no one want US debt
correct and this will cause higher rates to entice purchases of treasury bonds
Yup. Still not buying those things.
Who can blame any Foreign Central bank from shying away
from buying Treasuries following the Chiquita Republic of Amerika political persecution of Trump…
…America’s middle class is so
hosed…
I listen to many many financial advisors and high end financial streams like Bloomberg etc but I have to say I really like this guy’s down to earth on-the-ground type interpretations! Just his opinions which are mostly spot on with great sound advice! Love this guy!!! Thanks for keeping it real Mike…keep it rolling!!
Ps - I’m going to get my kids to watch your shows!
gotta have forbes and bloomberg... center up
Perseverance and humility make your channel stand out. Congrats!
How are you Kathy? Nice outfit.
The government needs to cut spending drastically. Government over spending is the problem.
The smaller the government, the better off we all are.
Government spending goes right into the private sector. That means YOU. Do you somehow think that government spending dollars cease to exist?
@@MrSteeDoo Government spending goes on a lot of crap. What's your point? Also ot much of their spending goes to the people do us a favour mate.
The problem is the government will always love spending regardless of what party is in charge. Both parties make poor poorer, rich get richer and debt gets worse. Rinse and repeat.
@@cur244 Exactly. But a lot of people still get sucked into voting and telling others to vote for one twat or the other.
That is one reason I am against the student loan "forgiveness". Back in the 2000's and 2010's, a lot of people were making all these videos of themselves taking exotic vacations and bragging about how they took student loans to do so. I don't need to pay for that.
I am generally against bail outs. Considering thousands are given to "new arrivals", I would rather American citizens benefit from these taxpayer funded ventures.
I went to college in 2010 and I certainly know that is very true. A buddy of mine still has student loan debt today, and many of those loans went to apartment utility bills and video games, as well as tuition and meal plans.
obviously that's only a small part of the loans they got (most went to the school). the school budgets $X for living, if you have a super cheap apartment you have money left over which you could go on vacation with. Are you really butthurt that someone saved $200 a month over the year and then went on a trip over the summer instead of spending it on beer?
I took responsibility and paid my own student loans years ago. I didn’t get tax payer subsidies. Ridiculous!
@@ssl3546doesn't matter what they did with it just pay your own debt
Gen Z are rebel heroes for not wanting to work. We need change to this broken system!
Companies are getting desperate and putting everything on sale. And I'm loving these sales!
I'm in a similar position, no credit cards, no car loans and I paid off my house in 2023.
The bit at the end really nails it, a little sacrifice today will go a long way in the future.
Solid advice, thanks for sharing this wisdom.
As a retired I baby boomer, I learned in grade school I needed to plan for my future. Spending a little extra time studing and planning paid off by getting better grades, more knowledge in the fields that pays went a long way. Learning to managing financial which they don't teach in school goes a long way.
SAVE MONEY PEOPLE!!!
Never I would make a holiday trip on debt. For decades I made no vacation at all, yes and I still live :) These holiday trips are totally overvalued. Make a few daytrips in the surroundings, take a a nice meal, and sleep in the night in your own comfy bed instead of paying 150 or 250 a night in hotel.
I love a day trip, so I can be back in my own bed and bath.
Holiday vacations are for losers.😮
Yes staycations rule
You don't live, you just exist.
No, i wouldn't say so. I have seen some countries of the world now I am not interested in this anymore so much. I have my hobbies and i'm quite happy with this. But everybody as he likes.
Thanks for choosing nice pleasant places to conduct your walk-about talks. Makes for a fitting offset to a serious conversation about real issues so many of us face.
I am 67. For the most part, today’s youth are spending their life away. I remember being in my 20s, most of us were independent, renting absolutely dumpy apartments, no AC, no dishwashers, no cable, of course no internet, cellphones, etc, etc etc, cramped and uncomfortable, but lifetime friendships were forged. We grew up with 18% mortgages, 12% inflation at their peaks. We were tough, we made it.
Lofl
The problem is that many people just spend money on stupid shit. Everybody wants to look good, have the latest car to show off and live in a house they can’t afford. Now it’s time to pay the price for those dumb choices.
I don't do any of that. Still poor 😂
whats wrong with a 100K truck?
I’m surprised how many go on these long vacations out of the country? I guess I have always just glad to see the good old USA! 🇺🇸
Everybody I know is on a European tour or on a boat at the moment. Life is good.
Caladesi Island, FL 😎 Not expensive!
yep...love it here right in the good 'ol USA!!!
HS teacher of 45 years here . . .same school. My graduating seniors (regular English--not advanced, AP, Honors . . . just schleps) are all taking a 'gap year' and travelling to Europe. Average area, routine suburbia, large HS, nothing special . . . . they are just all going to spend thousands and thousands at age 18, then come back and half (national statistics) will live in Mom and Dad's basement until they are 40. No . . . not a 'get off my lawn' guy here . . . just 45 years of experience and a large perspective on the changing ethics of this new generation of Americans.
You are correct Michael, Corporations don't pay taxes, they pass it onto the consumer.
They even get subsidies on our dime too! Just kicking the can down the road... smh
They always pass taxes obey consumers, that's just a fact. They couldn't be in business otherwise. However, price-gouging is a thing, and Democrats have retired to pass bills that would investigate and stop it, but they were blocked by republicans. Look it up. republicans then went on TV to complain that Democrats "weren't doing anything" about inflation. And when they were called out about it, republicans said there was something in the bill they didn't like. However, they have The House, and even if they didn't, they have the power to put forward bills themselves and/or to tweak ones Democrats put forward. But republicans have not. If they wanted to, they would. Democrats just finally got one passed, but I haven't looked into it yet, and it might not affect us for a while either.
@@--Morpheus--But all companies have always had to recoup costs, otherwise they couldn't exist. It's the ones who are going overboard, taking unfair advantage of us. Look this up, that Democrats tried to pass measures that would investigate and put a stop to the gouging, but we're blocked by republicans. republicans could put forth bills themselves so their excuse about Democrats not doing anything, or that they didn't like the bill isn't good enough. If republicans had done something other than investigate Biden and not find anything that enabled them to impeach him, then I'd at least give them that as then maybe having a point. But they didn't. It's Democrats who tried. Look it up for yourself, don't trust me. Prove it to yourself.
Thank you to our host for these outdoor walk-around segments. Always learn from your research
The airports will begin to look like mosoleums when the credit card junkies blow their limit of borrowing. They are still packing the airports. Over 70 percent are paycheck to paycheck. So this observation lends further proof that everything you're saying is spot on.
Such excellent advice - it's called delayed gratification and it used to be how people lived for the most part.
I was born in 1984. I haven’t gone on vacation since 2015. Paying down debt and did a staycation to fix some things around the house. My car is from 2010 and is paid off. Trying to live within our means and reduce debt to be in a better financial spot by the end of next year. It takes discipline and going without to be free.
The goal is to keep prices high, to eventually drain as many people of their wealth. All shortages are made up, but it provides cover for the actual agenda of relieving people of the property and savings.
Oh you are exactly on target.... all by design
🎯
Hey someone gets it. We're in the great reset. Everyone must be brought down to nothing.
Preach!! PREEEEEACHH!!!!!!!!
@@SlimShady771 all by design
But hey, Israel and Ukraine get their money…
Aipac stranglehold...
Only thing that will slow inflation is people not buying stuff they don’t need. I rarely ever buy anything extra unless it’s for my kids that’s about it.
🎉🎉🎉 And when everyone runs out of money 💵, EVERYONE (Including large corporations) will run out of money 💵.
It’s going to be so insane 💥❗️
Thank you Michael. Blessings,Carlos ✝️🙏❤️😊🇺🇸
robot will make things cheap, and like elon said last year to the saudi prince on stage.. people are going to eed to have ubi funding soon, robot automation also will give us age of abundance
They will sell nothing and be happy.
😂😂😂😂😂😂😂😂
😸
“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson.
Greed at its finest...
American s take not it should be written on the walls of American?
^^^^this is playing out, right now
John Adams said, “Democracy will soon degenerate into an anarchy, such an anarchy that every man will do what is right in his own eyes and no man's life or property or reputation or liberty will be secure, and every one of these will soon mould itself into a system of subordination of all the moral virtues and intellectual abilities, all the powers of wealth, beauty, wit and science, to the wanton pleasures, the capricious will, and the execrable cruelty of one or a very few.”
Vote November 5th to get our Constitional Republic back.
From the age of 18 all the way until 2019 I always took a vacation. Most of the time it was an hour away or the next state, but it was that one week a year I could turn off all my thi gs and relax and reset.
I haven't been anywhere since 2019. I'd love to go vactioning again. But I refuse to put it on credit, my hope is by next year, I'll be set for Montana. I've been wanting to go there my whole life.
I didn't know how these young people were driving nice cars, vacationing in ritzy spots, and having designer clothes. After watching channels like this I see its all on credit.
Bless you if read this, I wish you the best for 2024 and less stress on your life.
I applaud the younger generation for standing up and demanding a decent work-life balance and realizing that life should be more than working, paying bills and dying.
Plus, this outdated mindset that you are only considered successful if you work 9-5/Monday-Friday, get married, buy a house, start a family, etc…it’s time that people realize that this isn’t for everyone and it doesn’t define success or happiness
wtf I’m Gen X- we are always forgotten- and we basically raised ourselves ! We are damn hard workers!
You have a nice smile.
So true.
And we got paid beans and basically all of us went to college/university.... it was a 'who you know' not 'what you know' world we entered with opportunities harder to come by and everything way more expensive.
yep...and we don't DEMAND to work from home like all the entitled little brats these days.
Dedication and humility are the keys to your success. Keep shining.
Yours are two otherthings 👌🏻
Hi Nicole.
Nice outfit.
We had someone quit over the request for workers to come back on site 3 days a week. Their claim: too far, not worth it.
The overlord wanted the peasants back on the plantation, huh? Well, good for the guy that said, "F that".
Maybe it wasn't worth it ....why did they need to come back? Just to justify the rent for the building?
Gas is still $5 a gallon in places. It might not be worth it.
Yup. I really don’t get it. Statistically over and over again it was shown that not only did productivity not suffer it actually increased
The price of gas not to mention the time you lose getting too and from work the money for the so called office work clothes more cars on the road more pollution more traffic more stress
Just don’t get it
Need to bail out commercial real estate by making people suffer for lower productivity.
Fact is business owners have never paid for people transportation to the work place so as a result they expect their workers to pay insane rent in local area to subsidize the crooked landlords or drive hours wasting time and productivity to get to work.
Fact is going into work is actually causing lower productivity because of high rent.
Eg high rent causes lower productivity by definition
Money is fake and based on fraud. YOLO.
it is a note, says right on the bills.
like an iou note on a napkin lol.. but a little harder to copy
@@freedomoffgrid Is that you Oprah?
What’s the alternative?
They can't print gold or silver yet that's why it's so valuable
spoken like a debtor
I remember about 4 years ago ?
Example : a 32 ounce gatorade was about $2.00...Then one day I realised that although the bottle was the same size, there was only 28 ounces in it....for $2.50.
Yes. Those family size bags of chips have the same as the regular size bags but charge more.
This is a great example of charging a higher price for even less product than before the pandemic. I find myself saying today’s sale price was last year’s regular price about so many things every time I go shopping for the last few years. I say it again and again every year since Covid. How long can this go on for? Companies are shrinking sizes again with the new round of “lower prices” on the horizon. I only buy Gatorade when it’s on sale at the grocery store and I usually buy Powerade nowadays because it’s on sale more often. The prepping crowd had it right all along albeit for different reasons.
Target lowering prices still has their prices higher than most other places.
Target is a red walmart.. if you took me blindfolded to the middle of their stores and said it was kmart i would see no difference. ha. and only soccer mom karens think its uppity and better(heard this first hand from mom talking to kids the last time i was in one hahhaha)
I am a boomer. Our parents and grandparents all told us you have nothing to show for a trip, once it's over. Good advice then and good advice now. Vacations were spent camping or renting a cabin on a lake. Or maybe, visiting relatives out of state.
Vacations are worse than work!😮
I disagree. See the world and see it from a different perspective is what is needed to get out of this stale and hateful mindset a lot of Americans have. There’s more than one way to do life.
More government=less freedom.
🤡 less government in what? sounds like a Faux News brainwashed response. If you hate government .. then you could also hate paved roads + public schools + eating cereal without nails, or take your pick of new vacation spots that have no government = Somalia, Haiti, and Yemen
@@mangodiet801 Oh thats a toughie🤔
Do you want to go into bankruptcy if you have a major medical problem? That's not freedom. And do you want Social Security or would you rather have the freedom of no safety net when you retire?
I just went to Wendy's for a combo meal and they charged me 50 cents for 5 catsup packets. 10 cents each.. They just lost this customer.. No more Wendy's for me or my extended family. Time to boycott Wendy's and put that suit, who thought that this charge would be good, on the unemployment line.. Oh, it was a NY Wendy's out on Long Island..
that is cost to make them. too many people take them home and leave them in the car.. also napkins. thats why, the homeless take handfuls
But.....the profits!!!!
Where on Long Island?
It's likely due to hoarding people taking handfulls of them. They have ruined it for everyone. That's usually how it goes.
I don’t get the boycotting due to cost? What is Wendy’s supposed to do? They could raise the price of a burger to cover the ketchup but then you’d be mad about that too.
They’re trying their best to NOT think about this accrued debt and doom spending.
It’s how apathy takes over as a country descends from advanced socialism into outright communism.
Every time they raise taxes, it ends up costing single taxpayers more. They the only ones who can’t get out of it through credits.
Stop filing and stop paying. Stop being a sheep. No one is going to come after you. They use fear and intimidation to make you pay. There's no law that says you have to pay income tax
A person without debt is a rich person!
I live in the Midwest...house and 5 acres paid for check...vehicle paid for check...defined retirement pension check....savings check...lowkey non-millionaire check....
I am feeling the inflation....but will survive through it much better than some who think debt is a acceptable.
Fuck debt. I might not have the nicest car or the biggest house, but I have no payments, which allows me to do what I want
Amen
I charged 3k groceries this year. Never before but this year
My grandson was unemployed. i Was ashamed to not afford the cash to buy his groceries. So happy i had the credit, and we will get caught up, he earns a good income...hurts even worse when he has no work! Big lesson, now he is looking for a secure side job. Unemployment hurts his manliness.
Companies that offer healthcare benefits also take premiums into account. The younger the cheaper.
Not necessarily with prenatal care, babies, children, spouses on the plan, maternity leave, paternity leave, well baby care, paid time away for both partners, etc.
Healthcare shouldn't be attached to your employment, it should be universal.
@@joanneburford6364 I agree but I don’t see that happening here. 🥵
I fired all my employees in 2022. Best thing I ever did. I’m happy now make more money by myself… people stealing from me trying to steal my customers.. the Democrat state taxing me to death with payroll tax and sickleave.. free money. Why would people wanna work when they can call in sick all the time? Make more money by myself than I did with five trucks can’t be happier. Multifamily real estate has helped me retire at an early age anyway 55 and I can’t drive 55.🎉😂
The problem isn't that people or corporations aren't paying enough taxes. The problem is politicians who are not good stewards of our money.
It’s Congress only full stop. Only they have the constitutional remit to raise and spend money.
@@dr.michaellittle5611
True. I am baffled that no one seems to want to hold them accountable.
@@psychokitty7268 It’s because certain media outlets (Ruper Murdoch) beginning with Rush Limbaugh years ago, have pitted Americans against each other. They thrive financially on ratings derived from people bitching about the other guy/group/party/state and there is where all the energy goes. So nothing changes. And even worse, most Americans haven’t even read the constitution in years, so they are easily swept away by the swirl.
They steal it.
Bought by corporations to force more income taxes and to steal from plebs while paying nothing especially on property
It all depends on who wins in November, that will determine if the economy improves or continues to sink!
It's rigged...
It's already too late. It doesn't matter who wins president. Millions of Americans think the gov will save them from whatever, gov is the enemy who is just stealing our money. And I don't see that changing for another 2 generations at least.
@@robertlee3211multiple proof playlist... undeniable.
It's an election year!😮
So the huge tax breaks Trump gave the billionaires which he plans to extend are ok? That trickle down economics has really worked?
I'm 50, haven't been on vacation in at least 20 years so there's that.
Vacations are stressful. 😎
Hey, the System we have got corrupted. We're in the great reset. Everyone must be brought down to nothing, until the Corporations resets it, and introduces THE NEW WORLD ORDER as their "solution".
And they shouldn't be. I save lots of money.
Sounds made up.
just YOLO it on the CC...that's what all the 'smart' kids are doing!
I wonder when the stock market will finally decline, I could see it declining by 50%, but will they let it decline?
It has declined by a lot in the past and it very likely will again.
More taxes is bad for everyone because it will never be enough for a bloated government. More taxes just means more wasted money.
Remove income taxes and do land value taxes
@@Koushi82 There should be no property taxes. Because it's theft of real ownership. Buying house should be treated the same as buying a item in a store.
@@NeverTrustGovrnmentOrGlobalist and income tax is theft on wealth creation. no income taxes before no property taxes first.
priorities.
once income tax is removed we can talk about no property taxes. once that is done replace prop taxes with georgism land value taxes instead
no tolls should be done either waste of time and money and harrassing people.
Thank God I never had wife or kids
Facts I turn 40 next week.. no kids no wife… debt free
I'm concentrating on paying DOWN a credit card and paying DOWN my house and adding to savings in the process. Now lets see how many will downright demand their cc debts be eliminated by the gubmint. 🙄🙄
they should remove 29.99 and cap it at 19.99. 30 is insanely impossible to repay once in 5 figures, for most people
i mean apr and apy caps... 30 is just greed, especially when savings is only 5 or so
My house is paid off. Make sure to keep adequate cash reserves. Getting out of debt is great provided you leave yourself the ability to deal with an emergency (like a job loss). If I had to do it all again I would accumulate money into a separate account and pay lump sum payments as I was able. Preserve cash reserves.
@@lilymcnabb6621 Been retired for over 10 years, bought our house using our SSDI income, CAN write a $1k check and adding to it every month for emergencies.
Used an SSDI income to buy this house, The principal on my mortgage is only $125 a month @ 2.875%. Just paying $40 more a month knocked years off the life of the mortgage already in 3 years. Paying far more on principal and far LESS on interest. Each COLA we add another $10 a month, if the COLA for 25 is 2% or below, I'll toss most of that onto my principal, add the rest to savings. I can comfortably write a $1k check in the event of an emergency which gets $100 added to it each month.
Wow, it's almost as if, companies forgot that you have to pay or charge in reality; to keep an economic ecosystem viable !?
Really educated, SMART people at the top, huh? And then they tell you… “go to college and THEN we’ll hire you.” Ehh, you know what… I’m not impressed.
@@drummerAVA The system is so rigged it doesn't make sense anymore !