Ok, lets see how many of us can spend 75% if cost of living is more than 100%. Hopeless if you arent above the age of 50.
@Davidstowe8728 сағат бұрын
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
@Elkemartin2138 сағат бұрын
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
@Greghilton38 сағат бұрын
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
@Jamesbrown11268 сағат бұрын
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
@Greghilton38 сағат бұрын
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@Jamesbrown11268 сағат бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@alexandria27179 сағат бұрын
i think this should be titled “budgeting when you’re middle class” bc talking abt coffees, ubers, eating out all the time…yeah we aren’t in the same situation
@steveos511210 сағат бұрын
Your numbers are all off.
@user-jd2vz4my1w10 сағат бұрын
"So many Baby-Boomers did everything right. They went to school, they got trained, they job hunted and they advertised themselves. They did it all and now they can't understand why they are the brink of poverty." - Barbara Ehrenreich 1940-2022, America author, journalist).
@ReizarfEgroeg10 сағат бұрын
The expected returns on U.S. equities are only 4.3% and on international equities are 7.7%, before accounting for taxes, inflation, and fees. Don't expect to get rich quick from investing.
@Chill-Pill10 сағат бұрын
Yes but rent can go wildly up each year where a mortgage payment will stay the same. I am trying to make this decision in a few months when I move back to Ohio. I really hate renting.
@Blue_Azure10111 сағат бұрын
So the theory of trickle down theory is complete garbage. It’s more like hosing up from the middle class and the bottom poor.
@gmoneybtx14 сағат бұрын
Love this video. A better understanding of my life journey experience
@jbqu314215 сағат бұрын
All these anti-boomers videos are Americans. Not European or Canadian.
@lzeng7815 сағат бұрын
7
@user-te3qm5mv6r16 сағат бұрын
There are a number of Indian firms looking to hire H1Bs. Not Americans
@user-te3qm5mv6r16 сағат бұрын
They post fake job apps because its required they do that (advertise) to get permission to hire H1Bs. They have to post fek ads to be allowded to bring in Indian workers.
@OilF-wi2yq18 сағат бұрын
Brother I have a question do these websites require a verified PayPal account with credit or debit card in them cause I’m a teen and I don’t have a credit or debit card
@arankin291418 сағат бұрын
My friend, look in Europe, no one in IT is able to get a job this whole year. I am currently unemployed DevOps / DBA with 10 years of experience.
@TheMrgrafixable18 сағат бұрын
this is such bullshit
@dquan73119 сағат бұрын
Your stats a logical, but you forget the fact that the stock market has had the greatest decade ever in history. If the young generation can’t afford a house, why not invest to grow their wealth? Owning a house is not the only way to build wealth.
@hifrommike212021 сағат бұрын
I did job counseling for my field after successfully placing a job in the field. This is what I learned. 1) A job hunt is a full-time job. Each application is an opportunity to learn something, about the field, yourself, & the process of job hunting. 2) A rejected application, a 'no,' is a step towards 'yes.' It is all part of a process. Employers cannot hire everyone who would do the job well. Being rejected generally has nothing to do with you, your qualifications, or a job interview. 3) Most job hunters will go through the process several times in the course of a career. Don't think landing a job is the end of it. Again, learn from every step of the experience. You will likely need those skills again. 4) Get the broadest education you can. Everything you know can contribute to what you can accomplish in a job. The narrower your skill set & interests are, the less likely you can be flexible, creative, & versatile later on. 5) Every job involves multiple tasks & responsibilities that aren't on the page of a job description or a resume/CV. Go back & analyze every job (or volunteer, job shadowing, etc.) you've done. What are all the experiences you had in that job? What did you do well? What were you best at? What did you enjoy the most? From this analysis, what did you learn that you can build on? 6) Keep a job hunting diary. Write down every aspect of the process, reflecting on each part of it. Keep a positive attitude. If you're doing everything you can, then reward yourself for that. You can't do more than everything you can do. 7) No matter how much you need a job, do not accept a job that isn't a good fit, or if something doesn't smell right about it. You don't want to have to repeat the process six months or a year down the line, or live with a bad fit. Turning down a job is the only point where the power is in the corner of the job seeker. Use that power if necessary. 8) Think broadly about your job skills beyond the specific field you trained for. If you have a strong background, a number of previous positions, & a versatile education, you should be able to do a wide variety of things professionally. 9) If you give up & just take a job at a convenience store (or the equivalent), you are not underemployed. According to the US Labor Department, you have changed fields. So stay the course. 10) Finally, don't put all your eggs in one basket, pinning your hopes on just one position. If you don't get it, you'll be heartbroken. Diversify. Have a number of applications out at any given time. If one falls through, chalk it up. Job hunting is a numbers game. You have to go through a lot of numbers to turn up the one that yields the prize. Good luck!
@billB10122 сағат бұрын
Should have gone to Russia in the early 2000's the newly rich there lapped those brands up.
@user-oy2cf3tg6s23 сағат бұрын
Does anyone know the app he was using for P/e ratio???
@SharkWitchMeruna23 сағат бұрын
I can't even find a retail or fast food job with 8 years customer service experience. My parents keep pressuring me to work when its literally not my fault no jobs are calling back. I even walked in and ask and they say its "just a hiring sign" or "check back in September". 💀
@knepriКүн бұрын
If I see everyday people wearing luxury on the street ... I just assume that they are very bad with their money
@firetoyКүн бұрын
Buy the gas your car requires if you want your car to run more efficiently meaning saving you money. Don't put cheaper gas into your car if it requires premium...don't waste premium gas on a car that can run on the cheap stuff. Info is on your gas tank door usually.
@asiakawaii8officialКүн бұрын
just buy what you need
@NationalGeographxКүн бұрын
Easy fix. If we can house illegals we can house boomers that were born here.
@karlasimmet8777Күн бұрын
That is inflation and slave wages so really we are fucked
@fsanchez90Күн бұрын
Should mention the backdoor method for those that have too high of an income to invest in a roth IRA.
@BaumenderКүн бұрын
You need to be Taxed!!!!!!
@zariftahmidshoeb3487Күн бұрын
Bottom line is prioritizing your expenditures and you’re good to go. The 50 30 20 rule is quite helpful. 50% on necessities like rent food and bills, 30% in debts / emergency fund / investing / savings and 20% on entertainment. However, in this economy 50% on necessary expenses is next to impossible. So spend whatever is needed on expenses and apply 30 20 on whatever is left for the other 2 sections. If you can bring down entertainment to 15%, that’s money you’re saving for your future self with compound interest
@psanders4754Күн бұрын
Great video! Aspirational marketing has been very effective propaganda.
@patriciamunro493Күн бұрын
This is a sad situation for everyone
@adamboisvert5545Күн бұрын
Kaaaaaaaarrrrrrmmmmmaaaaaaa
@den4o252Күн бұрын
I'm just a 15 yo and I'm trying to make money on my own instead of always asking my parents or rely on someone and this video helped me a lot, I'll try all the methods and tell y'all how's my progression going ty for the video❤
@nickchi87232 күн бұрын
damn it takes so much to find a job right now ?
@JoydipExplainsFinance2 күн бұрын
Great
@santarosahero2 күн бұрын
Just look at all the rich folks like Bill Gates, Steve Jobs, and Mark Zuckerberg. They all billionaires but all dress in just cheap basic nothing special attire. It's the brokies with their insecurities that want to shout out form the highest mountain tops look at me I am a sucker for paying this much money for this crap.
@PokkiXLolita2 күн бұрын
This is so dystopian
@Jadem42 күн бұрын
This works as long as you aren't spending 60% of your income on rent itself. The world has changed, and a lot of people can't save money or invest it because they spend it all on living expenses.
@mimifoote48792 күн бұрын
This is a great video!
@Paradoxisthefingerprintofgod2 күн бұрын
I feel the same way baby. There are no f*cking jobs.
@Mr-sweeny2 күн бұрын
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.
@bergbryce2 күн бұрын
"You got gucci, but you sleep on an air mattress."
@samanthathompson98122 күн бұрын
This looks different in your 50s when you have no time to recover from a bad career move.
@RobinsonRapport2 күн бұрын
KZread may be the only social media platform which people still get genuine use out of… The rest of the platforms from dating sites, to job search engines are just using their data to sell to research firms, or corporations for advertising… None of them actually work for regular people any more…
@mxmblngr2 күн бұрын
Important lesson from this video... You should have car insurance 😉
@bk72122 күн бұрын
I am Austrian, but I have the Asian glow too. Funnywise it did start when I was around 30 years old. After 30min it is gone and I can drink the whole night. But my body does feel sick even days after. So now I only drink alcohol even here and then.
@ms.v33072 күн бұрын
Love the info! New subscriber! 😊
@sprinkle612 күн бұрын
The 1 % save 50 % + of their income, and they don't need handy % rules to do it. I was actually expecting a more harsh description of what they do, and how it might be out of reach, but this is more of a 'poor person starter guide'. Nothing wrong with that, but its not what is in the title of the video.
@gijose833 күн бұрын
Even their stocks are overpriced
@knowledgepower19063 күн бұрын
Thank you for this video ❤✅✅✅🙌🏾
@successdtv3 күн бұрын
Mr Chan, please post the links for all these websites, please.
Пікірлер
Ok, lets see how many of us can spend 75% if cost of living is more than 100%. Hopeless if you arent above the age of 50.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
i think this should be titled “budgeting when you’re middle class” bc talking abt coffees, ubers, eating out all the time…yeah we aren’t in the same situation
Your numbers are all off.
"So many Baby-Boomers did everything right. They went to school, they got trained, they job hunted and they advertised themselves. They did it all and now they can't understand why they are the brink of poverty." - Barbara Ehrenreich 1940-2022, America author, journalist).
The expected returns on U.S. equities are only 4.3% and on international equities are 7.7%, before accounting for taxes, inflation, and fees. Don't expect to get rich quick from investing.
Yes but rent can go wildly up each year where a mortgage payment will stay the same. I am trying to make this decision in a few months when I move back to Ohio. I really hate renting.
So the theory of trickle down theory is complete garbage. It’s more like hosing up from the middle class and the bottom poor.
Love this video. A better understanding of my life journey experience
All these anti-boomers videos are Americans. Not European or Canadian.
7
There are a number of Indian firms looking to hire H1Bs. Not Americans
They post fake job apps because its required they do that (advertise) to get permission to hire H1Bs. They have to post fek ads to be allowded to bring in Indian workers.
Brother I have a question do these websites require a verified PayPal account with credit or debit card in them cause I’m a teen and I don’t have a credit or debit card
My friend, look in Europe, no one in IT is able to get a job this whole year. I am currently unemployed DevOps / DBA with 10 years of experience.
this is such bullshit
Your stats a logical, but you forget the fact that the stock market has had the greatest decade ever in history. If the young generation can’t afford a house, why not invest to grow their wealth? Owning a house is not the only way to build wealth.
I did job counseling for my field after successfully placing a job in the field. This is what I learned. 1) A job hunt is a full-time job. Each application is an opportunity to learn something, about the field, yourself, & the process of job hunting. 2) A rejected application, a 'no,' is a step towards 'yes.' It is all part of a process. Employers cannot hire everyone who would do the job well. Being rejected generally has nothing to do with you, your qualifications, or a job interview. 3) Most job hunters will go through the process several times in the course of a career. Don't think landing a job is the end of it. Again, learn from every step of the experience. You will likely need those skills again. 4) Get the broadest education you can. Everything you know can contribute to what you can accomplish in a job. The narrower your skill set & interests are, the less likely you can be flexible, creative, & versatile later on. 5) Every job involves multiple tasks & responsibilities that aren't on the page of a job description or a resume/CV. Go back & analyze every job (or volunteer, job shadowing, etc.) you've done. What are all the experiences you had in that job? What did you do well? What were you best at? What did you enjoy the most? From this analysis, what did you learn that you can build on? 6) Keep a job hunting diary. Write down every aspect of the process, reflecting on each part of it. Keep a positive attitude. If you're doing everything you can, then reward yourself for that. You can't do more than everything you can do. 7) No matter how much you need a job, do not accept a job that isn't a good fit, or if something doesn't smell right about it. You don't want to have to repeat the process six months or a year down the line, or live with a bad fit. Turning down a job is the only point where the power is in the corner of the job seeker. Use that power if necessary. 8) Think broadly about your job skills beyond the specific field you trained for. If you have a strong background, a number of previous positions, & a versatile education, you should be able to do a wide variety of things professionally. 9) If you give up & just take a job at a convenience store (or the equivalent), you are not underemployed. According to the US Labor Department, you have changed fields. So stay the course. 10) Finally, don't put all your eggs in one basket, pinning your hopes on just one position. If you don't get it, you'll be heartbroken. Diversify. Have a number of applications out at any given time. If one falls through, chalk it up. Job hunting is a numbers game. You have to go through a lot of numbers to turn up the one that yields the prize. Good luck!
Should have gone to Russia in the early 2000's the newly rich there lapped those brands up.
Does anyone know the app he was using for P/e ratio???
I can't even find a retail or fast food job with 8 years customer service experience. My parents keep pressuring me to work when its literally not my fault no jobs are calling back. I even walked in and ask and they say its "just a hiring sign" or "check back in September". 💀
If I see everyday people wearing luxury on the street ... I just assume that they are very bad with their money
Buy the gas your car requires if you want your car to run more efficiently meaning saving you money. Don't put cheaper gas into your car if it requires premium...don't waste premium gas on a car that can run on the cheap stuff. Info is on your gas tank door usually.
just buy what you need
Easy fix. If we can house illegals we can house boomers that were born here.
That is inflation and slave wages so really we are fucked
Should mention the backdoor method for those that have too high of an income to invest in a roth IRA.
You need to be Taxed!!!!!!
Bottom line is prioritizing your expenditures and you’re good to go. The 50 30 20 rule is quite helpful. 50% on necessities like rent food and bills, 30% in debts / emergency fund / investing / savings and 20% on entertainment. However, in this economy 50% on necessary expenses is next to impossible. So spend whatever is needed on expenses and apply 30 20 on whatever is left for the other 2 sections. If you can bring down entertainment to 15%, that’s money you’re saving for your future self with compound interest
Great video! Aspirational marketing has been very effective propaganda.
This is a sad situation for everyone
Kaaaaaaaarrrrrrmmmmmaaaaaaa
I'm just a 15 yo and I'm trying to make money on my own instead of always asking my parents or rely on someone and this video helped me a lot, I'll try all the methods and tell y'all how's my progression going ty for the video❤
damn it takes so much to find a job right now ?
Great
Just look at all the rich folks like Bill Gates, Steve Jobs, and Mark Zuckerberg. They all billionaires but all dress in just cheap basic nothing special attire. It's the brokies with their insecurities that want to shout out form the highest mountain tops look at me I am a sucker for paying this much money for this crap.
This is so dystopian
This works as long as you aren't spending 60% of your income on rent itself. The world has changed, and a lot of people can't save money or invest it because they spend it all on living expenses.
This is a great video!
I feel the same way baby. There are no f*cking jobs.
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.
"You got gucci, but you sleep on an air mattress."
This looks different in your 50s when you have no time to recover from a bad career move.
KZread may be the only social media platform which people still get genuine use out of… The rest of the platforms from dating sites, to job search engines are just using their data to sell to research firms, or corporations for advertising… None of them actually work for regular people any more…
Important lesson from this video... You should have car insurance 😉
I am Austrian, but I have the Asian glow too. Funnywise it did start when I was around 30 years old. After 30min it is gone and I can drink the whole night. But my body does feel sick even days after. So now I only drink alcohol even here and then.
Love the info! New subscriber! 😊
The 1 % save 50 % + of their income, and they don't need handy % rules to do it. I was actually expecting a more harsh description of what they do, and how it might be out of reach, but this is more of a 'poor person starter guide'. Nothing wrong with that, but its not what is in the title of the video.
Even their stocks are overpriced
Thank you for this video ❤✅✅✅🙌🏾
Mr Chan, please post the links for all these websites, please.