Are you where you're supposed to be financially...or not?

Рет қаралды 50

2 ай бұрын

www.nerdwallet.com/article/ba...
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1 Corinthians 15: 1 - 4
1 Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
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DISCLAIMER: I am not a financial adviser. The videos on this channel are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments, and money moves, are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my financial journey, thoughts, and opinions with no guarantee of gains or losses on investments. Lauren T. Gage is a pseudonym from a very important family member of mine and I hope she is smiling from heaven and watching this journey as well. I'm learning, so any facts or information shouldn't be depended on. Please do your own due diligence and share any corrections with me. Thank you.

Пікірлер: 16

@homesteadaquarius 2 ай бұрын

You did great with this Lauren. I love the quotes you reference. Keep planting those trees and encouraging others to set those goals for themselves. Lao Tzu, very good.

@LaurenTGage 2 ай бұрын

Thank you @homesteadaquarius! Your comments are always sweet, helpful, and encouraging. Credit for the Lao Tzu quote goes to @cyclingphilospher8798. He really has and shares great wisdom like you! :)

@cyclingphilosopher8798 2 ай бұрын

Thanks.

@jewlsg6378 2 ай бұрын

And you say it's hard talking to the Camara, your so very smooth at it tho, great job, your doing awesome with the channel, good stuff

@LaurenTGage 2 ай бұрын

Hi @jewlsg6378. Thank you so much. That's a great and kind compliment.

@cyclingphilosopher8798 2 ай бұрын

I'm flattered. Healthcare emergencies in the US are notoriously expensive. I believe Lyn Alden has mentioned some statistics about them mentioning that the cost for healthcare in the US per person is about twice that of other developed countries and the overall quality of healthcare in the US is actually lower as the US has almost double the amount of avoidable deaths than other developed countries and lower life expectancy. In that situation a significantly larger emergency fund might indeed be a good idea. Personally, I'm well ahead of schedule. Apart from a mortgage (with about 1.7% interest until pay off date) I have had no debt since 2005. Another big part is that over here in The Netherlands, contrary to most countries, pensions are fully funded. One of the most important things to remember when building wealth is that it is an exponential function and not a linear one. People often forget that after about 20 years or the first $100,000.- of boring and laborious investing wealth building starts to increase more rapidly.

@LaurenTGage 2 ай бұрын

The US has become disappointing over the years. Lyn Alden's statistics match our firsthand experience. The first hospital here was thankfully 'survived.' The Netherlands sounds wonderful. Excellent mortgage rate, fully funded pensions, and better healthcare. It's so encouraging to hear where you are and what you've accomplished.

@cyclingphilosopher8798 2 ай бұрын

@@LaurenTGage Every place has its advantages and disadvantages. Europe also has some particular challenges. Our population is aging more rapidly than in the US, we're dealing with a monetary union without having a fiscal union and (the amount of) EU rules and regulations is often a source of discontent.

@LaurenTGage Ай бұрын

How does it all work out? I see the Nomad Capitalist travel from place to place and realize more and more that although some places might be better and/or worse, each place isn't perfect. My hope is that we can all work to improve where we are and be able to move towards a new place without having to escape something that we couldn't change for the better.

@michaellindquist1023 Ай бұрын

If you had asked me to guess those figures that you provided, I would have been way too low. I am actually surprised, but those figures are in USD, one need to remember that USD (by design) looses quite a every year to inflation.

@LaurenTGage Ай бұрын

Thank you for you comment @Michaellindquist1023. The more I'm learning about currency vs. money, the more I see and understand what you mean by 'by design.' In my opinion, 'shrinkflation' is also a big issue along with decreased quality. I'm wondering how this situation is going to be able to improve from here. I think many changes are necessary.

@michaellindquist1023 Ай бұрын

@@LaurenTGage Sounds like you have a great idea for a new video :)

@homesteadaquarius 2 ай бұрын

You did great with this Lauren. I love the quotes you reference. Keep planting those trees and encouraging others to set those goals for themselves. Lao Tzu, very good.

@LaurenTGage 2 ай бұрын

Hi @homesteadaquarius and thank you! I sure will. Credit for the Lao Tzu quote goes to @cyclingphilosopher8798. I love your channel and beautiful wisdom you share in your videos. I'm still thinking about the Willow Tree video and message.

@homesteadaquarius 2 ай бұрын

@@LaurenTGage Thank you and my apologies for the double post. I meant to delete that but I slipped up on it. Keep up the great work!

@LaurenTGage 2 ай бұрын

@@homesteadaquarius That makes sense now! :) I saw this and thought I had replied but figured I had just clicked away and lost the message. So now I've double posted too :) It's a good thing though because I got to message you again. :)