The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Impressive can you share more info?

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

There are so many ways to manage money and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later, good or bad.

Investing wisely can significantly impact financial stability, offering peace of mind and more opportunities. While money can't buy happiness, managing finances well now will determine future outcomes. Let's continue making smart financial decisions.

As a novice, how do i get into investing properly and be profitable?

Angela Lynn Schilling is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment._

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

I'll never need a bank, I keep all my cash in my bum

it could be worth putting large amount of hard wealth into silver and gold which are much more resilient to economic disasters

Ideally, financial advisors can help with wealth management. The biggest blunder is putting everything in one place, rather it should be equally distributed across your savings account and investment portfolio. At first hand experience using an advisor, I've witnessed tremendous increase in my cash reserve from $550k to a whopping 7 figure amount, after pulling off profits in barely 3 years now.

The end of my investment worries came in the person of a wealth advisor ''Theresa Leigh Detrick'' The exciting part is being carried along, proactive approach of investing instead of just sending away capital. Hence, I have total control of funds in my portfolio.

@@M.Morgan crystal-clear! just copied and pasted her full name on my browser, spotted her consulting page instantly and glanced through her credentials, she seems highly qualified and well matched if I was to hire an advisor

Lol,rich people make kids,POOR people make kids,meanwhile the middle class only searches for reasons to not make kids.

@@OnurGeafer There's an evident reason for that, poor people tend to value quantity over quality for various reasons, increase risk of infertility, childhood mortality etc. Rich people value quality over quantity and the middle class are sort of in-between, except they don't have the financial capability like the rich counterparts.

Feel bad for the older generation people who cant learn about financial literacy easily like us when they were young. We just have to invest as much as we can from 20 to 40 and we will be financially free at 40 for sure no matter what situation we r in.

Wowwwww

@@OnurGeafer I'm not rich and I don't want to be poor for my entire life. That's why I've put off having kids. My parents couldn't even afford to take me to the dentist as a kid. I want to give my kids a better life when I do have kids. That's why I've put off having kids.

Because they can’t stop shopping

@@mubaddagammoh4912 Yup, came here to say this. Americans' lack of financial literacy is quite sad. We spend so much money on so many things that have such little value when we don't have much money to begin with already.

@@WeArePharmers man i am 39 years old i came to the US back in 2014 had 30k in my name spend them on cars and to get going (legal immigration) worked our a** off (my wife and I) first house 2018 this year i bought a rental back in February and moved to a bigger house last month making over 100k last year (first time) no college degree over here just work don’t complain and don’t buy stuff u don’t need

@@WeArePharmers Hmm

Don’t worry the American dream will be soon the European dream. Everything shit that happens in America will always find a way into Europe sooner or later

I feel that. I now can say I am getting a good paycheck. I graduated in 2019 and couldn't find a job. Then I finally got one at the end of 2019. Only to being laid off a couple months later due to covid lock downs. Wasn't until the end of 2021 that I got a job which sucked. Then in 2022 I got a better job that I've been with since. So almost 4 years of fear and bills. Still feel it to this day

Buy the dip…

Losing compound interest predominantly doesn't hurt us now, it hurts us later

@@aygwm man, shut up. "bUy ThE dIp" he said. As if anyone knows where the market really ever bottoms out. If that was an effective strat no one would be using dollar cost averaging in the first place.

I’ve been wanting to invest in the s and p 500 since 2015 but only as of the last couple years have I been able to now that we’ve been in a recession. On top of this, there’s been more talk than ever before that a new s and p 500 all time high is years away. Very frustrating to be a millennial.

*The rich stays rich by spending like the poor and investing without stopping then the poor stays poor by spending like the rich yet not investing like the rich. Day trading is where the pulse of the market truly comes alive! Every moment presents a new opportunity, and for those with the passion and precision, the rewards can be monumental. It's not just about quick trades, but about harnessing the power of the market in real-time. Dive in, seize the moment, and let every trade be a step towards achieving your financial dreams,I've personally benefited from following Mrs Evelyn trading tactics, made me $22,000 in a weeks period of day trading , which speaks volumes about her expertise in the market*

*she often interacts on what' s app, using the number below*

Yay now you’ll raise your kids to be future democrats

I hear what you're saying and you've done an admirable job. I know it sounds like you're unable to reap what you've work on but if you're a homeowner and have a promising retirement account then rest assure your children will grow up to take advantage of all your sacrifices.

@@paulbuono5088 Thank you. I appreciate that! 🙏🏿

The things is that the amount of work done only matters as a comparison with the rest of the generation.

The thing is that nowadays everyone has a good education so most don't really stand out

​@@maestrulgamer9695 Yes, but not only that. There is also competition for limited resources in the form of housing. The suburbs were built from the city center from the 1950s and onward, peaking in 70s. Every since then, the amount of new homes has not kept pace with population. Its like getting to a buffet but all the good food had already been eaten. Now you're left with crumbs, scraps, and bone.

@@Basta11 There are not many who want to do the building anyway. Even comparing cases with similar salaries,almost everybody wants desk jobs inatead.

@@maestrulgamer9695 Yes, younger people have not been encouraged to do trade work which is now in high demand. But there are lots of developers and regular people who would like to build if they were allowed to. They just aren't allowed to by zoning and prohibitively expensive requirements etc etc.

In the 70s actually

It's not about corporate involvement in real estate, it's about a shortage of housing brought about by policies designed to favour property owners - such as parking minimuns.

@@MsArt888 What are you talking about? This is all about corporate involvement. One generation ago, we didn't have Blackstone. Black rock and Zillow. Buying up all the properties. Also in the past, nobody thought about buying Hundreds of properties to rent out, we also have reits that didn't exist.

@@dachicagoan8185 And those are absolutely not the main drivers of the housing shortages. The main driver is the lack of housing being built due to overregulation and NIMBYism.

I think the biggest problem is that the study seems to have been done in 2021, which was a rare moment, a snapshot of a good time in the past 4 years when people suddenly had jobs, were buying up properties before the costs soared, and before the effects of the war in Ukraine took effect, remember when workers had basically all the sway and could request to WFH and have all these benefits and companies would give them out to attract the best talent? Now every single one of those metrics have gone in the dump just two years after. Layoffs everywhere, housing and rent prices skyrocketing with no end in sight. Cost of all goods and necessities have gone up. I remember feeling pretty good in 2021 about my prospects, a year later, all of that went away.

As a gen z with no degree, homeownership is possible. But you will live like its the 1940s to afford it. An old house that needs everything, you work and go home to only internet. Thats after savings for multiple years living that way. Sucks a ton the first few years then you get used to it. All my advice is from neighbors in their 70-80s on how to they lived when they were 20. No tv, a basic phone, no ac, the smallest bit of heating during winter. Slowly improving each year. Sucks but my mortgage is 600$ and the rent next door is 2k.

@@kfox9650 Where I live those rent and mortgage prices are flipped. I agree that home ownership is possible, but you have to sacrifice virtually every other comfort and luxury to achieve it. As someone who massively values travel and the outdoors, I'm not ready to throw away the best years of my life health-wise so I can barely afford a house I don't like. I am completely fine with renting for the foreseeable future or until the housing market crashes.

@@Isaac_L.. my area is just suffering because people are moving in from out of the state. Now bigger businesses are building apartments and large oversized homes then charging rents that make no sense for the area. Like the average couple’s total income for the month wouldnt be enough for the rent. Ie new downtown apartments are 55 and older. 3k a month, non section 8 housing. 1 br and 1 bath.

Yeah, basically born into a failed system that wants you to keep aspiring/trying. It's a sick joke honestly.

The Canadian housing system right now is arguably a lot worse, but my partner and I managed to buy a house last year at 23 during all the interest rate hikes. Neither of us have degrees. I work a warehouse job and she has been working retail most of the time. Neither of us have any sort of financial help from family or friends. We aren't struggling to save and we aren't living paycheck to paycheck. Sure, the saving is slow and some months you dont save, but we are not barely scraping by. We go out on dates and have a yearly vacation. The thing is you have to have a partner, and you have to be financially responsible. No $1k/month car payments, no $200/week alcohol bill, etc. Our mortgage with utility bills, property tax, etc. right now is about $2700/month. Watching doom and gloom videos don't help you. It just makes you more likely to believe nothing is in your control. But when you step back and make a plan to improve or work towards a long term goal, things actually start to change for you. Know that it is possible. It's not likely going to be a giant, 2 storey house with upgraded appliances or whatever, but it's not going to be a shack in the woods falling apart either.

I'm a Gen Z who had to drop out at 16 to work full-time because my parents were too lazy to take care of their MINOR child. Now I'm 22, have my own Rental & I now have my own car, but I know making big money, or buying a home, is no longer possible. I make minimum wage, and I am self employed with a driving job on the side. I barely can save $150/mo. How millennials thought how bad they would be economically, is actually happening to my generation, Z. But if I stop working to go back to get my GED, and then go to College, I literally can't, I'd lose my home, car, and Job. Its like I'm forced to be stuck in my "class" for the rest of my life.

their situation is bad but yours, it's worse, it's almost true poverty but idk if the average parent is this lazy@@nunyadambusiness3530

Never said the average parent was lazy, I said that mine were. Dad was an Alcoholic, Mother was a Drug Addict, CPS refused to get involved as I was malnourished and had wounds from them. Highly doubt I can get justice now, but they're in the past, long cut off, have no clue what they're up to now. But yeah, because of their negligence, I had to go into survival mode and start working under the table at 16. Stashed as much cash away as possible to get the car and trailer home rental I have now, I do have an emergency fund, and even though I do make minimum wage & have my side job, I do get Health Insurance and Dental, but that emergency fund is far from being able for me to stop working, get my GED, & a 2 or 4 year Degree, because if I stop doing what I am now, I'd run out of money in 3 months, lose my health & dental benefits, and get evicted & have my car repossessed, all just because I wanted to pursue my education, the system is designed, for some people like myself, who are unskilled, to NEVER be able to climb the "economic ladder". Now, is it possible for me to have around 2-4 years of bills saved up eventually in my 30's or 40's? Sure! I'd be able to pursue my education then, but I'd have way less time than my peers did, to enjoy that salary that comes with a Degree. So I'm stuck waiting until then, to do so. Literally typing this out on my break LOL.@@justenoughrandomness8989

I saw a headline that went like "Millennials are into gig work" and that made my blood boiled. The youth is "into" (forced) gig work, as much a poor person is "into" skipping meals.

The best thing we could ever do for the young in this country is put an end to the degree racket and stop trying to push people with different aptitudes and interests into the same mold at the high school level.

They'll leave out how they either have family with money and or connections And will tell you to worker harder 💀💀

I was fortunate enough to have chosen a cheaper college that gave me a significant scholarship so I graduated with a very manageable debt. I was lucky enough to get a reasonably well paying job without any connections within a year of graduating, & I stayed in my parents' house for a few years while I built up enough money to afford a down payment on a condo at 26. I realize that this may not be possible for everyone, but that's why I feel financially comfortable now.

It is a huge scam. They want to destroy the middle class. That's what they call equality. They want people to be forever renters. Won't work but now we suffer.

Welcome to the real world. It’s been like this before you got here. You are not special.

@@chowsquid Bruh it definitely hasn't been like this before - how do people in the last century afford good houses on normal jobs? Including my grandparents who simply bought it outright without a mortgage. In the past, everyone lived in nice houses in the countryside, while now most people don't have other options than renting an apartment. I can't name another era where the "normal" price of a home in USA was 300-400k... we're getting scammed and you're not noticing it. Normalizing it is not the way to go.

It's NOT a lie about college, but you have to pick the right field. If you go into Liberal Arts or Gender Studies...that's on you!

its almost as if taxing wealth instead of income would create a fairer society...

Gotta tax both buddy. @@pyroyergen5986

it's almost as if the inequality is being driven up my the rich

@@pyroyergen5986 If there is tax on unrealized gains, is there a tax credit on unrealized losses?

*Karl Marx has entered the chat* But no seriously when they broke down the racial pay gap it's like that's so strikingly based around and connected to class/generational wealth. The Debt Collective's Rally to End Student Debt showcased that with endless black women who came out to say they were the most affected by Student Loan Debt. We pressured Biden to take action on Student Loans. I'm surprised the video didn't showcase how black women do on the economic ladder with or without generational differences?

Y'all need to know this. A well known podcast in the US taught me how the rich don't teach how to achieve success. They seek the idea of Fin. Consultants to help grow their finance

To achieve success, a financial consultant is needed to achieve it. engage in a variety of investment ideas of consultant and I have acquired great returns so far of $3,500 just in 7days with $500 investment

Dang. Puts into perspective for me how lucky I am. I'm a very late millennial or early Gen Z depending on who you ask. Born early 1997. I've done 2-7 on this list. Hopefully will do 1 and 8 in the next few years. I've got 40+ years to go before I reach #10 though. And sometimes I wonder how I will keep up my energy to work for FORTY MORE years.

so far I've only got 2) Graduate high school 3) Enter college/university 4) Graduate college/university technically 10) Retire comfortably as well, I was fortunate to have the opportunity to attend a few financial literacy courses during college and have certain influences on how one ought to invest. So provided USA doesn't collapse and I continue to save & invest I should be able to retire. but the rest... oh man god help me

Skill Issue

It only worked for the boomers.

Disagree. College education expense and planning needs to happen 10yrs+ before entering college. Same for buying a house. I know of lower class folks rising and middle class folks struggling.

Totally agree! These are very important factors.

Man, they gonna have to kill me my last coins, for some degree that didn't even help me out of this generational mess.

👏👏👏 They could have just *not* made a video about this.

@@Britterstein Or cherry-pick numbers less. I checked the numbers in 2021, there were about 54% of adults 18-29 that lived at home. That is 15% higher than the Great Depression. Yes it's a mix of Gen Z and Millennials, but it goes to show the current situation. Especially moreso that student loans are about to spark up again which means less discretionary income and less saving ability

No forgiveness for who?

@@Thelolzorbots the baby boomers

@@Phoenixguy357 all of them?

@@Thelolzorbots the vast majority

Caught up in your 20s? 😂😂 that’s the kind of mindset that explains the situation.

Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $87k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@@TomD226 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@@TomD226 Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.

@@TomD226Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.

Thank you for being sympathetic to the student loan crisis despite not having loans yourself! So many people without loans take this moralizing holier than thou attitude of "well I didn't take out loans so why should I help others"? As if a 17 year old understands what they are signing up for when they take on debt for college.

😋 Mmm so scrumptious!

As a millenial, I love drizzling them into my oatmeal

​@dachicagoan8185 As another Millennial, I love drizzling them into the oatmeal of my Gen-Z and Gen-X social circles.

As an "old" Gen Z, I recognized most of the slang used by people born later than me

Tell that to gen Z that just started joining the workforce.

​@@_Konrad_ that's not that different from when we emtered the labour force. I think the '30 test' is a good one to measure the fortune of a generation. How are they doing at the age of 30 on average? In your 20's life may still be a bit rough. You need to get your footing, may need to rent exorbitantly or live with your parents. That's all part of the deal, especially pre 25. But if a generation, on average, structurally is still in that situation if it's members cross the 3 decade mark that to me is a sign of serious trouble.

Na, 08 was worse. Even though inflation is eating away how much we earn now, back in 08 employment was much more difficult. Something (even small) is way better than nothing

9% inflation, plus 4%, plus 3%, it really changed prices. But our wages aren't keeping up.

Did you not watch the video to its completion?? They LITERALLLY adress this point and they talked about generational wealth, education adn race.

"We have no debt except for student loans..." so you have debt lmao Get out of debt Control your spending (budget) Then, magically, you'll have money.

​@@Will-jg2zsIt's amazing how you automatically assume they're not already doing that

@@Will-jg2zs Definitely sounds like magic. "Have you tried just wishing really hard for enough money to 1: Pay off all your debt, and 2: set aside to save?" Fucking genius, why didn't we think of that? Do you have any idea how tight the budget of an average Millennial has had to be for our entire lives? Do you remember all those 'Millennials are KILLING X industry!' articles that were just talking about how we never buy this or that, spend way less money on things like weddings and jewelry and whatever else? That's because we were (budgeting).

Housing fees? Which means you're buying a house?

To achieve success, a financial consultant is needed to achieve it. engage in a variety of investment ideas of consultant and I have acquired great returns so far of $3,500 just in 7days with $500 investment

at least you have a house. I dream of owning one. Even a small 3 bedroom

The 'struggle' is real! Lol!!

😂😂😂😂

I'd like to think when we get older, we'll have the awareness and compassion to remember how terrible the boomers were to us.

@@anthonycekic4509 yeah, I meant it lightheartedly. The idea of every old generation eventually getting bitter and obnoxious is a little funny to me. The way I see it, every generation will have their own unique difficulties. Most of the time too, it's not so much intentional behavior between generations, and more where people in those age groups happen to be financially. So it doesn't make sense for me to point fingers in that way

@anthonycekic4509 Older Millennial here. At times, I do feel very salty and bitter, too. But since I can't change the circumstances, I may as well turn towards looking for what I can do rather than what I don't have access to.

I am. Some millenials will make the cut.

I’m also a late millennial. I’ve got a solid career and make just a little over the average for a working adult. I am fully aware of the fact that I will not be able to afford a home until my parents pass. They know it, I know it, we’ve talked about it. It feels weird and morbid but it’s just true. I don’t make enough to be able to save for a down payment and even though a mortgage would be cheaper than my rent, that downpayment is a HUGE barrier. Thing is, I’m not convinced we escaped the effects of the Great Recession. I don’t know if you remember at the time but every “entry level position” out of college required years of experience because we were competing with Elder millennials who had degrees, had been working at Starbucks while taking unpaid internships, and therefore had experience we didn’t have. It took me 4 years before I had a full time job that paid enough for me to move out. And I know plenty of people for whom it was even longer.

You're doing what sensible faithful folks have done since the dawn of humanity, instead of pretending our generation somehow has it worse than the ones that didn't have modern medicine or safety nets. In 50 years you'll be well spoken of. Good on you!

entitled boomers left millennials in a broken economy where minimum wage is nowhere near enough for a living@@SoybeanAK

Good luck 👍 if you're working remote consider going to a country where the cost of living is dirt cheap. Then you only have to pay extra for an international school and can start putting money towards generational wealth.

Same here minus the gf lol.

34 and I still have a long way to go.

Maybe if I live in a tent and eat ramen I'll be able to live the same rich lifestyle as you after 20 years

I was just thinking today that a lot of us were delayed to adulthood, even though I wanted that lifestyle at 18.

@@itsvmmc Same

It’s lit man!

It was hilarious!

If you're using all the slang in sequence, it's clearly meant to be a joke

I was laughing all the way, great stuff

It was definitely intentional.

I agree. You were kinder than I was while watching. I believe I said to myself "what a garbage take on their part."

aCknowledging

Oh yea,how DARE they tell us to work more if we want to gain more!What an unreasonable thing to do!/s🤪

⁠@@maestrulgamer9695sounds like you’re privileged, I know many single mothers who have to work two jobs and barely get to see their kids but sure they should keep slaving away to just barely keep up right?

@@m.b.62 Imagine calling others priviledged just for stating a fact of life. For every single mother who has this problem,there's also at least one mother who stays with the kids withought needing the jobs because of child support. If you become a single parent,you already screwd yourself!

​@@maestrulgamer9695your prob a troll but there can be many resons why a parent is single due to bad luck, such as the mom dieing during child birth. Is that the dad's fault? Or if a drunk driver crashed into the father when he was driving home to work. Not every single parent is a result of a bad relationship

@@R8Spike ok,so? Of course is bad when you only look for the worst of the worst cases!This happens no matter the generation.

❤

Is avocado toast millennial? I thought it was gen Z

10000%

The ones that don't live in the 10 most expensive cities.

Congrats man!

Find out what "Compound Interest is, and how it works". Get rid of Car loan, FOR SURE. Car loans suck the life out of your finances. Approach most other debts with the view of how to make a Cash purchase. Anything over 4% is too expensive. imho

@@d1amonddbw I'm able to save $5k-6k a month after all expenses. Together with my partner we are at around $250k/ year. My car payment is only $384 for a brand new Audi (worth $40k resale, so actually an asset at this point. I put a down payment and got a good amount trading in my previous car), the car I've always wanted. Money is useless if it doesn't bring you happiness and help you achieve your dreams, goals, and what you've always wanted.

Don't worry, in 20 years gov will raise the retirement age to 80, so you'll have plenty more time to slave away at your job.

Good on You. 8• )

Who cares if she doesn't set her own hours. At least it's a WFH job!

don't you feel lonely?

I am reading this book called the hidden cost of being black. Other races ensure their kids have college, house down payment and wedding financial assistance. I am not a victim and grew up in a middle class black home. I’m also not a mommie and daddy blamer. In our community it’s the norm to not get a lot of help for college. It’s the norm as a black student to have to take out loans. Though my parents were doing well as middle class they we are first generation stable. I now have the income at 32 years old to aggressively attack car loan, credit card debt, private student loan and fed loan. My credit cards, car and private loan are fully paid off! Thank you Jesus. This fed loan will be done in about two years then I’ll be free. My husband and I purchased a home in 2017 before home prices shot up.

I think on most loans, you can choose to pay more than the minimum, income based or otherwise, to pay it down faster. Why didn’t you just choose to pay more on principle when you had the money?

@@chowsquid Oh wow why didn't I think of that 😱 ...I just recently got the money to do that obviously 😂

@@taylorspastpresent1014 If they were first generation stable, they probably still couldn't have saved for you, they were catching up themselves and investing wasn't as easy back then. I'm not "mommy blaming" just elaborating on the point about generational wealth in the video. No need to make it weird

I work in financial planning and wealth management and, more times than not, if a client I am working with is wealthy for their age, they had financial help from their parents. I see it everyday. I used to work with a Financial Advisor that strongly preferred to work with people who had a last name that can be traced back to the Mayflower because he knew that there was a high probability that they were wealthier than most people because it was more likely that they came from a family with financially established parents and grandparents. When parents help you financially, it's like playing the financial game of life with the cheat codes on. It's much easier to buy and acquire assets, and it is much easier to pay down debt. And as we all know Assets - Liabilities = Net Worth.

And a borrowed down payment from parents?

@@kylafickel1799 it was $6K that we repaid in 4mths. We could have waited 4 months and saved the down but we wanted this house specifically (worst house, best neighbourhood) so we could maximize our sweat equity.

smart man

@@Michael-DS lol I'm a woman but OK :) We do make a good team

Sometimes too much luxuries makes one soft and not ready for the real world.

ok@@chowsquid

which is still true,

In fairness, when you don’t know what the job market will look like, that’s objectively the best bet.

@amirmirzaei3940 sorry I should have said a "good job"