Out of Money... Americans are Worse than Broke

Рет қаралды 208,716

22 күн бұрын

U.S. economy and real estate market is slowing down as Americans have finally ran out of money. Recession my not be avoidable.
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#useconomy #ushousingmarket #realestatenews
Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
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Пікірлер: 810

@NobodySpecialFinance 20 күн бұрын

Thank you so much Todd for having me on! Keep up the great work brother.

@SachsRealty 20 күн бұрын

Thanks for your time Jack! Always a pleasure Sir🙏

@tj2791 20 күн бұрын

@@SachsRealty Sad.

@theinflationsituation8870 20 күн бұрын

I'm 2 minutes in. If you guys had beers at dinner, I'm un-subcribing. LOL You the man, JG_Nuke.

@JungunIRL 20 күн бұрын

You forgot to mention Amazon is slowing down in orders and laying off warehouse workers.

@JJ-jn7ei 18 күн бұрын

This was an AWESOME discussion!!

@Stringer710 19 күн бұрын

As a restaurant owner, I can definitely say people don’t spend as much as they used to…. BECAUSE THEY DONT HAVE MONEY TO SPEND!!! So many people are living paycheck(s) to paycheck.

@Intheyr2525 19 күн бұрын

But more important is the inferior quality of restaurant food - bad quality and high price = No!

@Stringer710 19 күн бұрын

@@Intheyr2525 not mines 🫡

@Intheyr2525 19 күн бұрын

@@Stringer710we appreciate you😀

@lilmama6689 9 күн бұрын

Masks anyone? Bossing customers around during covid means they aren’t customers anymore.

@I_cry_sometimes 8 күн бұрын

PROVE IT?!

@AHumbleAmerican 20 күн бұрын

The last four years has been the greatest transfer of wealth in the history of mankind and it was facilitated by the Fed and gov't

@RichBudski 18 күн бұрын

This.

@Nigriff 14 күн бұрын

From The Working Class to The 1%

@Nigriff 14 күн бұрын

"Capitalism isn't greedy, humans are. Capitalism is not perfect, but Free Market Capitalism is the best system in the world to keep greed in check." -Jack Gamble 🎉

@patrickgallagher213 13 күн бұрын

YUP

@robertfrye3301 12 күн бұрын

That is anti-Semitic.

@michellehutchins4075 20 күн бұрын

I remember in the early days when companies paid benefits with 20 hours. What is happening in America is a travesty. Greed is a horrible thing.

@MrNick615 19 күн бұрын

Opened the borders now ppl are disposable.. just bring in more if you don’t like it.. get land and build on it asap if you don’t already have something it’s not going to get better 😢

@bryanupton9872 19 күн бұрын

That’s why we use to have open markets, less regulatory burden, and less gov-derived industry, to protect us from greedy individuals.

@nitemoves3157 13 күн бұрын

Billionaires are also the ones controlling the healthcare. Look at whose names are on hospitals. It’s a tax shelter. Neither political party has appealed to the labor majority in my opinion.

@soundjudgement3586 8 күн бұрын

Republican billionaires control the USA economy and reap billions from food, insurances, cars, etc.

@dabda8510 8 күн бұрын

@@MrNick615 Don't forget just straight up outsourcing skilled, well paying jobs abroad, paying 10%, 20% of what they used to pay US citizens. This will accelerate de-skilling of American workers. So many of the tech companies doing the layoffs last year or so are simply replacing with offshore workers.

@AZJ0e 19 күн бұрын

No business, no kids. We didn’t get $1 from stimulus

@alyross3081 13 күн бұрын

We didn’t either. People look at me like I’m crazy. We got no stimulus checks.

@Livingthedream157 7 күн бұрын

Same here. We don’t get ANY “free” money because we make too much.

@sallyj632 11 күн бұрын

I make $50 per hour, and even I have to think twice on whether or not a bag of chips is worth $8 when grocery shopping. I picked up the bag and then put it down because I've got bills to pay. And forget places like McDonalds ... $15 for lunch for ONE person! Are they serious!? I stopped going to them, too. I can't afford all this crazy inflation.

@redbella215 5 күн бұрын

Nailed it. I have a similar income and start cussing whenever I see an $8 box of cereal

@michaelbrower5042 5 күн бұрын

I'm so with you. I was an OTR driver for many years. Truck stops are the worst for price gouging. I remember seeing a small package of fresh fruit in Oregon a few years ago for $10 . I had to make the choice of eating less healthy. Even though I usually have several hundred dollars in my pocket, you have to decide if something is really worth it

@Dingus99268 5 күн бұрын

$50 an hour? What you only work 15 hours a week?

@redbella215 5 күн бұрын

@@Dingus99268 there’s 40hr hour jobs that pay $50 and hour what do you mean? They aren’t plentiful but they exist

@sallyj632 5 күн бұрын

@@Dingus99268 35 hours per week. As I stated, I've got bills to pay.

@terrisewell4729 Күн бұрын

People should remember: poverty is not an accident, a coincidence or an inevitability. It is something which is manufactured by the ruling class, but investment is the key to sustaining your financial longevity, i pray that anyone who reads this will be successful in life too

@perefeghaandrew8076 Күн бұрын

You're right, you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.

@Jameshenry-gu1fi Күн бұрын

I agree with you had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment

@johnalex4006 Күн бұрын

that's why I always urge everyone to start investing somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.

@Soboj-oy8me Күн бұрын

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

@philominafashi1662 Күн бұрын

exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

@0211tim 20 күн бұрын

Went to a showing yesterday $500k on market 30+. All of the sudden there is a cash offer, must place offer by end of today. Real estate agents are creating the FOMO. Michigan rural area. House has lots of issues and needs updates! I’ll just be patient.

@mattyghost3409 20 күн бұрын

Soon many real estate properties will be tokenized and became a digitized real world asset...Im already loaded in prousd.... Cryptos are salvation

@michaelaubrey1978 20 күн бұрын

Something similar happened to me a few weeks ago. Zero offers on $500K house for 45 days. We make an offer at market value. Suddenly a cash offer came in out of nowhere. It was actually for slightly LESS than what we offered, but the cash was literally on hand whereas we would take 45 days to close. We were like “wait what? Why now out of nowhere?”

@radzer0966 20 күн бұрын

Ive been watching so many "Under contract" than back available. And these are well above market pricing too.

@user-pj6bl5md5r 19 күн бұрын

@@michaelaubrey1978they will do anything to get back to bidding wars for houses. That cash offer was there the whole time. Waiting for you to bid on house.

@Summergirl65 19 күн бұрын

@@radzer0966 I'm also seeing more homes under contract come back on the market and buyers even walking away from earnest money.

@sheabilladeau1392 19 күн бұрын

The next 5 years are going to be ROUGH. Everything is very expensive, cost of living has gone up so much, houses are crazy, and there are many zombie companies that will fail. Time to keep your savings and not overextend to buy anything.

@josiahbjertness1083 18 күн бұрын

It's going to be a lot longer than 5 years. I fully expect the dollar to lose all global confidence in the next 30 years. It's by design. To move everyone onto a common currency. I'm keeping my eye on brics.

@deborahcurtis1385 17 күн бұрын

Make sure you have very well made shoes you can resole and fix. Worth it to buy them. Cheap shoes make no sense. I bought a sweater last week it was on sale, so warm and glad I bought it;...but I've slowed down to next to zero purchases. Don't eat out much at all. Managing your health is a top priority. Nobody is flashy anymore they're scared of being robbed.

@michaelcostin2384 15 күн бұрын

Exactly. Many people I know with money are even cutting back and watching their speeding. It's going to get much worse throughout many layers of the economy.

@soundjudgement3586 8 күн бұрын

Republican billionaires control the economy

@jonyahwe4598 8 күн бұрын

Why would you keep savings that are losing purchasing power everyday? Cash is the worst place to stack your wealth now as it is being stolen by printing machines

@otisshaw1 20 күн бұрын

Friend of mine on the NH Seacoast is a broker , he was saying how people who used to be able to afford a 500k home loan now can only afford 350k loan due to interest increases. Problem is there are no houses at that price point .

@deborahcurtis1385 13 күн бұрын

Tiny houses is what we have come to. They're building versions of them in Texas row on row, back to back. Ghettos of the future.

@dabda8510 8 күн бұрын

California offers, or used to offer, special mortgage programs for public school teachers. Well, following the guide line in the program, the only house that could be purchased is a shack in a bad neighborhood...

@cardboardboxification 7 күн бұрын

@@deborahcurtis1385 buy in when new get out before it goes to chit

@Dragonologist 7 күн бұрын

Abaondon the coast. Life isn't about luxury and laying on the beach. Americans need to make their own products again and stop sourcing everything from other countries.

@Nativo2202 20 күн бұрын

Stimulus is also giving illegal immigrants free money to spend courtesy of the taxpayers to make the economy look good also.

@MesmerAloofly 19 күн бұрын

false

@lilmamarogue1073 18 күн бұрын

True@@MesmerAloofly

@TrollinOn22s 10 күн бұрын

I know some illegals and there was no way for them to get any money.

@JoeMoe-oe3mw 15 сағат бұрын

Huh? They're not even eligible without SSN, tax info.

@randywilliams6248 20 күн бұрын

I knew people who were buying TV's and toys for their kids, or going vacations when all this was going on. It was nuts.... I don't think most people even put two thoughts into where the money came from, just what they could spend it on! Just keep on buying crap!

@angelbabe1977 7 күн бұрын

Same!! I still see people taking vacations and such. Heck our higher cost restaurants have 1.5-2 hr waits at almost any given time. Our lower cost restaurants and fast food chains are always busy, with sit downs having no huge wait time, maybe 30 min at peak and fast food with lines that seem to never end. These people crying they have no money ate the same people spending as if they have an endless put of money. I do some delivery services to make extra cash for many reasons, and I once went in to try it cause I was curious and I immediatly backed out. I am sure not complaining cause I make more doing that than my HR job paid. My husband who does autocadd/blueprints has ar any given time the last 4 yrs had upwards of 21 drawings at a te Currently has 8 with 3 additional drawings scheduled for meetings. These are residences, business and even schools. People are not hurting as bad as the claim is.

@MrR40388 4 күн бұрын

@@angelbabe1977 People are sheep and don't even know why they spend.

@angelbabe1977 4 күн бұрын

@MrR40388 you are not wrong!! It's because people have become lazy and put entertainment over real priorities. People will pay extra costs to do as little as possible and do what they want. I had an order a while back for weed Wacker string. $15 tip, went a mile away, and when I got there the customer was sitting on the porch waiting. In the time it took me to take the order, drive to the store, shop the order and deliver it, they could have had it and been finishing his yard. But dude paid for convenience.

@derekh1791 12 күн бұрын

But don't worry all the news organizations says we're doing great and we should be happy! News flash the 1% are doing fantastic and seeing the results of the economic growth while the middle class and young generations suffer.

@XLPROTLR 20 күн бұрын

I'm a floor Installation contractor in south Alabama. 2023 wasn't real good . 2024 my calls dropped drastically. I even travel into North West Florida area. It's normally busy spring and summer season.

@Iquey 13 күн бұрын

People don't want to move to forced birther states with psycho governors obsessed with criminalizing drag queens.

@Emery-xx8nc 12 күн бұрын

I’m a flooring contractor myself in southern New Hampshire. Been busy however I noticed in the last three weeks. The amount of calls I get have drop significantly. I usually get one or two a day and now I’m getting one or two a week.

@cardboardboxification 7 күн бұрын

when I goto the HVAC supply stores I always ask is it busy or slow ,, they say dead , I'm my area I haven't seen a addition or add on a second story in 20 years , mostly people buy and tear down the 1960 little house and build the monster , In the rich areas , other then that its a flipper Home Depot remodel

@susanneschmidt6159 7 күн бұрын

The new flooring store near me was completely empty on Sunday..just a few employees..I'm in Oakhurst NJ...

@wallye8713 20 күн бұрын

I know many parties that have 10k in bank and there monthly expenses are $6,000 Buttt have 20k in variable credit card debt. They don’t have enough money to cover there monthly expenses if job lost for more than month in New Jersey.

@nicklasmillner101 20 күн бұрын

Jersey and Connecticut, highest credit card balances in ,USA.

@Anonymous-wb3nz 14 күн бұрын

*their. Spelling is hard.

@randolphwilliams2365 13 күн бұрын

When you go to the grocery store that actually makes you angry you know there's a problem. There's no end to the inflation

@steveng1413 20 күн бұрын

America dollars is going unwanted , over printing and over debts is euroding the confident of american dollars .

@patrickbianchi1146 18 күн бұрын

U.S. has always printed money uncontrollably. What is destroying trust is piracy (frozen assets) and using the dollar as a weapon

@nickwojtow6787 18 күн бұрын

Everything about America is increasingly unwanted. Our tyrannical foreign policy, our woke joke tranny/DEI culture, our disastrous toxic food supply, our dysfunctional racket of a healthcare system, our dilapidated infrastructure, our outdated and archaic “public transportation” system……America is losing left and right…..the rest of the world has not only caught up and is saying enough, they are surpassing us rapidly.

@robcraigmyle3892 6 күн бұрын

Also US sanctions and seizures.

@huntncover 19 күн бұрын

The better poll would be , how much money do you have in the bank compared to your outstanding debt ? Net worth , black ink . Too many are hiding behind borrowed prosperity .

@mayy9685 5 күн бұрын

Worse then broke

@blackbcg 20 күн бұрын

Not sure if they mentioned it, but for those folks hoping to refinance to a lower rate when rates come down, there is a good chance home values will have declined by the time rate cuts happen to the point that folks no longer have enough equity in their homes to qualify for a refinance.

@deborahcurtis1385 17 күн бұрын

Oh dear...you could be right about that.

@nitemoves3157 13 күн бұрын

Right because the Fed pivot means something broke in the economy is not as strong.

@cardboardboxification 7 күн бұрын

banks and loans ( credit ) causes all booms and bust form the 1930's

@Dragonologist 7 күн бұрын

I can think of significantly more reasons for houses prices to rise as opposed to fall. The way I could see housing prices drop significantly is if we drop all of our "green energy" regulations and open up nuclear facilities to make energy extremely cheap. Everyone but the energy companies will profit.

@tonegre 18 күн бұрын

CORPORATIONS don't care about the high interest rates because they put it on us, the consumer.

@susanjohnson9255 19 күн бұрын

I feel this hardship we all are experiencing is due to locking down our country. People didn't get to go to work and this hurt everyone and every business. The stimulus was not much money at all but the grants the Government gave the business didn't help the individual families. Now the business that kept the grants for themselves instead of helping their employees is coming back to harm the businesses. Shutting down our country was a huge mistake. Trump was right, he said don't shut down the country. Aldo, I just appreciate your channel.

@bryanupton9872 19 күн бұрын

Of course this is why. Every country shut down and printed stimulus. While information was censored, harboring a stressful environment and discrediting helpful treatments; pharmaceuticals basked in an EUA protected product that was marketed by world governments and paid for by tax payers.

@garywillier4303 12 күн бұрын

FK the rapist and Coward called Donald Trump fkers A loser

@themunchies123 7 күн бұрын

Young people dont vote

@IndieLatino 5 күн бұрын

The "lock down" didn't last more than a month, idiot

@erinsweet8147 20 күн бұрын

27:50 my FIL offered to give us $70k toward a home in his neighborhood and we said “no.” Didn’t want strings attached and still couldn’t afford the house!

@richu761 19 күн бұрын

Much respect... someone who says what needs to be said.. and has no fear.... ABSOLUTE TRUTH

@nicholasirving9543 20 күн бұрын

If a rich man’s assets are primarily a poor man’s liabilities and people are broke what dose that say for valuations 🤷🏼‍♂️

@soundjudgement3586 8 күн бұрын

Ergo. The Republican billionaires control everything

@rodmunch1012 20 күн бұрын

Jack just cracked me up with that comment about the revelation of the scientific breakthrough in 2022 where this new thing called greed was discovered. That was gold!

@brianmeegan6384 14 күн бұрын

No greed in the 19th century ? Go read history ! 😅

@daneengibson7336 15 күн бұрын

I don't know anyone who had stimulus money past 3 months after getting a check.

@steveharvey7712 20 күн бұрын

Blame WEF!!!

@Nigriff 20 күн бұрын

And their puppets like Biden

@user-ze9yt5oj6i 9 күн бұрын

I agree with you world economic forum. own nothing to be happy. You are 100 💯 correct

@bobnduck4456 20 күн бұрын

I love watching both of your channels but Jack shined today like I have not seen before. Jack is even more intelligent than I first perceived. Thank you for bringing him on.

@rwaterssydney 20 күн бұрын

"Greed is a sickness for which there is no cure"....scripture, ancient egypt, 5th dynasty

@Mike_257 20 күн бұрын

Top priority issues of 2024 voters: 1) Economy. 2) Border. 3) Crime. We The People... Stand up to save America.... USA USA USA USA USA USA

@spoopyradicalsnake 20 күн бұрын

America has forgotten their Lord their God who sustained them in the past; this is why deadly diseases & economic trouble is upon this great land. Isaiah 60:12

@steve5976 19 күн бұрын

Fix the money is #1

@bryanupton9872 19 күн бұрын

But people don’t understand what caused our economic problems. They’ll just advocate more regulation.

@RichBudski 18 күн бұрын

America was bought and sold in 1913.

@RichBudski 18 күн бұрын

Please, Mike. USSA is done.

@phoenixsong20 12 күн бұрын

We are playing a game of monopoly, and expecting it to never end.

@foobar5477 20 күн бұрын

In the 80's I remember going to auctions and picking things up for dirt cheap. People were line up for many blocks just to get an application for a job. Plus 20% interest rates. If you have cash your good if you don't... Its hard tmes

@brianmeegan6384 14 күн бұрын

Cash is king now . 😃

@Anonymous-wb3nz 14 күн бұрын

*you're. Spelling and punctuation are hard for the individuals with an IQ of 65.

@deborahilyia1125 20 күн бұрын

There are NO FREE ANYTHING!

@spaceindian3769 20 күн бұрын

I'll tell you what you get for free GE NOC IDE

@davidmontgomery5047 20 күн бұрын

Not even proper English

@Nigriff 20 күн бұрын

@@davidmontgomery5047Neither is your statement. 😅

@danklein8587 18 күн бұрын

Illegal Immigrants are getting a lot of Free stuff -:(

@rollingthunda2775 12 күн бұрын

How is that hurting you or the economy? Most states aren't giving them anything. Just New York and California.

@pjnewton1014 20 күн бұрын

My sisters husband rented a tesla from Hertz for their recent trip to NM and they immediately regretted it. They had no idea where to charge and charging it took forever when they did find a suitable place to do it. It took their interest in it away totally.

@zackg5046 18 күн бұрын

The car will literally show you where the nearest chargers are and will actively give directions to said chargers. It will recommend the nearest charger based on battery percentage so you’re never left stranded. Sounds like they just weren’t educated on the tech they were driving. I drove my Model Y from WA state to Virginia and even drove through NM and never had a problem finding a charger. As for the charge time, I used that time to go to the bathroom, eat and explore a place that I have never been before. 40 mins maximum and I was on the road again, while the car mapped out to the next most convenient charger that was necessary, when the battery reached a certain percentage.

@Hankandrex 18 күн бұрын

@@zackg5046your life, needs and schedule sound pretty different from theirs. Glad it works for you and you enjoy it

@audiemae9693 13 күн бұрын

BS... I'm a mail carrier and everyone is ordering JUNK everyday like mental people. It's horrible

@markcarrell8053 13 күн бұрын

That will soon subside, Guaranteed!!

@jerryburden4525 11 күн бұрын

If you are on Social Security, we are F’ked!

@GelliSolo 7 күн бұрын

Why?

@sal1665 5 күн бұрын

@@GelliSolo I think because our SS benefits don't even cover rent. I know this first hand. I live in a dump. I can't afford market rent on 1440. I am 62 and live in a very bad hood. I tried to apply for senior housing but it's a ten year wait. No senior should have to live this way. Also you can't live on your benefits now.

@dj_bae 5 күн бұрын

And if you’re not on SS you’re screwed too. Taxed to death to fund it for current retirees, but it won’t be there when it’s time to retire. What a life.

@MrR40388 4 күн бұрын

@@sal1665 Wasn't deigned to cover your expenses. It's supplemental income.

@jharknessxrp 20 күн бұрын

I don’t finance life essentials. But I do use my credit card on 100% of my purchases except for my mortgage payment. I pay it back completely every month get points back on my cards and reduce fraud. Liability on my bank win win.

@trishrivers7302 20 күн бұрын

Look at the money the congress people and sports stars got for small business during covid. Just tons. The reg people didnt get that. Rich people did.

@deborahcurtis1385 17 күн бұрын

Nailed it! And that is what is fuelling inflation. There's a lot of money sloshing around for some.

@alyross3081 13 күн бұрын

Right. Like all those “companies” with ONE employee (themselves). That’s fraud and a lot of it has been forgiven. Makes me physically ill.

@soundjudgement3586 8 күн бұрын

@@alyross3081: If the Feds uncover PPP fraud even if only $10,000, it's not being forgiven. The perpetrator will not see an Income Tax check for years.

@norma-salomejay6785 20 күн бұрын

These two guys are pure gold. Enjoyed every minute!

@irynadellamorte5421 20 күн бұрын

I am respectfully disagree about no help from PPPL support . Most damage was done with EDD money. In CA it was payment per month $4,300-$4,500 no tax or SS withdrawal . When my workers, who did not run for unemployment, was receiving $2,500 after paying all kind of taxes. Also “unemployed “ people were excluded to paying rent and taxes. We were working one for three, and we’re attending job every day, when so many ….were enjoying life every day during the 18month. But now we all have to pay for it.

@bryanupton9872 19 күн бұрын

The damage was done by tyrannically shutting down economy for an exaggerated illness.

@EatwithM.E 4 күн бұрын

Knew so many people who were collecting and just laughing at the whole situation it was sad

@karenjensen2345 20 күн бұрын

My son quit a teaching job due to low pay to become a "disaster" inspector, thhe most dangerous job on the planet. Climbing on instable roofs all day long. It pays very well BUT it is "contract" work so zero benefits and you have to provide your own 🛻 truck. He loves it though but even training was unpaid. So.... 90% of the available workers can't do this job. You have to be young, agile, fit, and self motivated and have enough saved to buy a truck, a decent one at that and a ladder and special shoes

@bryanupton9872 19 күн бұрын

Who funds that job/industry?

@karenjensen2345 19 күн бұрын

@@bryanupton9872 3rd party that the insurance agencies hire to do all the dangerous work of climbing roofs documenting everything

@boogie6872 17 күн бұрын

What needs to happen in Washington is we need to get rid of all the old politicians because this is where the biggest problem is they have old time way back in the day thinking it's a new day we need fresh ideas from young people who have a today feel and have a desire to move this country forward most of the current politicians in Washington are old and stuck in their ways and that's why this country is stuck in neutral time to rebuild the transmission in this country and move forward

@jameswalker231 9 күн бұрын

AMEN to this...

@fabianadefreitas2365 8 күн бұрын

Quem manda não é a maioria. Os políticos defendem os interesses das grandes corporações, dos ultra bilionários que financiam as campanhas eleitorais. A democracia ocidental é uma farsa e as mudanças que você sugere não são possíveis dentro deste modelo.

@vrj40 5 күн бұрын

The problem is they are all bought and paid for by large corporate interest, the young, old, black, white, democrat and republican. Having young pols in DC would change this system at all. Money must be gotten out of our political system in DC.

@Eric-is1jt 20 күн бұрын

They need more money,when they get it,spend it,then they want more,spend it,problem still there.They equate everythig with spending money so thats all they know how to do. Total irresponsilable concept of money,thats how bankrupt we are.😅😮😢

@malalachernobyl5594 18 күн бұрын

Americans are best in producing dollar notes

@BenTodd-fl8nv 9 күн бұрын

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas

@Debbie.Burton 9 күн бұрын

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@AlexMAGA2024 8 күн бұрын

I ran to the Philippines waiting for Trump to return

@duststorm2699 4 күн бұрын

Invest $20,000 in whatever risky thing you want. Then you keep that $480,000 in savings. Stop obsessing. They want you to bet your $500,000 and lose it!!!

@wallye8713 20 күн бұрын

I question the poll. I know many persons that have 10k in Bank but that does not cover there monthly expenses. In fact they have 10k in Bank but have 50k in c/c debt. Those type people will start to feel pain as im seeing credit cards jacking lending rates to 30-35 %. In New Jersey homes that are now 500k will go back to 350 if not lower in year and maybe back to 199k like 8 years ago.

@lisabrightly 7 күн бұрын

I've never seen home prices decline that much, *ever* They may park and not change for a year or so but decline significantly, never!

@sanciadrobina5194 20 күн бұрын

We all need Jack in our lives! I’m a recent subscriber to his channel. Todd, you’re like me, trying to catch up all the time 🤯🤣🤣. Jack is all over it 👏👏👏

@theinflationsituation8870 20 күн бұрын

Jack's a seems like a good working dude. I've been watching & supporting for year. For no formal training in econ he's really sharp.

@detyelram2819 20 күн бұрын

I'm getting a "Between Two Ferns" vibe and I love it

@theinflationsituation8870 20 күн бұрын

😂

@tydavis8777 14 күн бұрын

I really appreciate you are doing your best to help explain basic economics! Unfortunately most people don't get it, not their fault after all they were educated in public schools!

@TravisPluss 16 күн бұрын

Greed is not in check by the free market. You have the largest companies buying out their competitors for intellectual property and throwing away the people’s jobs whom they acquired and increasing their costs because there’s no competitor offering a more affordable alternative.

@brucesnyder690 3 күн бұрын

Retired expat from the US living in Thailand six years. Everythjng good here- low cost of living, no inflation.

@DanielPerez-mb7wm 20 күн бұрын

The CEO of Redfin loves to say “date the rate..” with a smile on his face.

@khutzey4149 20 күн бұрын

💯 love the frank talk in a world we’re so many are still clinging to the blinders!!

@a_numbers_girl7025 17 күн бұрын

Being a forensic accountant, I would agree- we will see massive amounts of fraud in PPP

@RadicallyFRUGAL 19 күн бұрын

Gentleman, this was like a graduate level seminar in applied business economics. Thank you. DOUG W. Asburt Park NJ

@WFPBFORLIFE 8 күн бұрын

Since the corporations have been taking advantage of people maybe it is time to change things and people begin to take back from the corporations... 😂😂😂

@stevo728822 20 күн бұрын

22:27 That chart on CC debt is really showing the growth of the cashless society.

@MrNick615 19 күн бұрын

No that would be a chart of debit card useage vs cash usage.. debt is debt whether you pay it back with a paper or a electronic digit, you gotta work for it.. debt is a chart of how much labor is OWED at the current moment..

@stevo728822 9 күн бұрын

@@MrNick615 No, people buy basic essentials with Credit cards, not just Debit cards.

@darcyrogers8881 20 күн бұрын

Real wage consumers are dyeing. BUT your forgetting about the 15-20 M illegals who get benefits. Hold on wait a couple of years. .

@yaegermeister4307 20 күн бұрын

1 year. Depending who is elected for president.

@analoglime 20 күн бұрын

They're not illegals. Apparently they are "Newcomers" 😂

@chrispriester1647 20 күн бұрын

Yep. Guna cause irreparable damage

@nitemoves3157 13 күн бұрын

They’ve been coming. Hell even Reagan tried to fix immigration. The gang of 8 senators presented Senate Bill 744 in 2014. Couldn’t get the House of rats to vote on it.

@mistermylo8607 12 күн бұрын

They don’t invest in our economy or our country.

@kevintewey1157 20 күн бұрын

1:42: 38. He can admit that wealth disparity is growing in the USA drastically and he should know the wealth disparity is shrinking in China while they are pulling 800 million people out of poverty.But yeah we have the best system a joke😂😂😂😂😂

@OilTrading 20 күн бұрын

China is completely collapsing right now, far worse than USA 1929 Great Depression. China's manufacturing is non-existent right now.....The country is in serious trouble.....Also all news you hear about China having aircraft carries and battle ships is pure lies, they don't even have one. Nor did they go to the Moon, lol. China has no military of any kind......Everything you're hearing and seeing is pure fantasy land.....

@theostragonidis7548 10 күн бұрын

He's a clown. The US has one of the worst healthcare and social systems in the entire West. These people cry "they are regulating us to death" while their banks go wild with derivatives and risky investments and then get bailed out with taxpayer's money. The Americans live in an absolute circus.

@rosemarieheidel9055 20 күн бұрын

Looking forward to the show. Hello from DFW, Texas!

@davidschluter6639 8 күн бұрын

Land of the free for a handful of oligarchs. Debt slavery for the rest.

@highthereguys 20 күн бұрын

Nobody special is amazing! Love the guy

@christinea2124 19 күн бұрын

This was a fantastic interview- great info. Thanks for calling it like it is! Especially regarding all the covid nonsense.

@karenjensen2345 20 күн бұрын

Where does the cruise ships catagory come in? We go on cruises and they are packed and busier than ever and they keep building new ships. All brands are doing g well from budget Csrnival to luxury Seaborne. I am curious as to why? I would think the market would be down.

@mattanderson6672 20 күн бұрын

Brilliant interview, thank you so much!!!

@Brooklyn-rj3np 20 күн бұрын

Wow. My favorite real estate channel has exploded ❤been here since the beginning

@SachsRealty 20 күн бұрын

🙏 Thank you

@oneeleven9832 20 күн бұрын

If the chair of the White House Economic Committee can’t explain what money is (because he has a music degree 🤦‍♂️) the rest of the Government haven’t got a chance of understanding inflation 🤷‍♂️

@bpb5541 20 күн бұрын

I think we are getting close to folks being out of money but not yet. Proof. We get PPI today the market tanked and then ripped and kept on ripping. Which means there is still too much money chasing too few goods and services. We will know the money has run out when bad news actually causes the market to go lower and continue lower. Until then inflation is very much still here. I think we see it really start to hit in about 4 to 6 months. More important will be asset prices like cars and houses staring to tank. These things make foks feel richer then they really are. If your house is worth half of what you think it is... how would most folks act? They certainly would not be buying (going long) any stocks with bad news.

@OilTrading 20 күн бұрын

I know this may be very difficult for you to believe but you're being fooled. What you're seeing is nothing more than a computer simulation all scripted (programmed) in advance. I know this both because I'm a scientist and because I discovered this to be true through a fuction of "time" and "price" (Chart).....This is also true all of global financial "markets"....all illusion....

@toyaavant5129 20 күн бұрын

You make some great points

@threemonkeys5441 20 күн бұрын

This is exactly it! As long as the upper middle class feel rich, nothing will actually crash

@kayak9078 20 күн бұрын

I can’t believe I I just listened to a two hour show but it was so good and you two do a stellar job throwing out interesting conversation. I learned a lot!

@jordanstorment5094 19 күн бұрын

One in 37 mortgages are under water by 25%?!?😳 Anyone want to take a guess what the #1 cause for a home owner to default on a mortgage is??? NEGATIVE EQUITY! Many times people are not walking away from a mortgage due to loss of a job like you would assume. It’s not due to lack of ability to make the payment. It’s negative equity. There are some differences in this market compared to 2008, that is correct. One thing that hasn’t changed….PEOPLE! Psychologically speaking…people are the same. They will do the same exact thing they did last time this happened. But stuff they can’t afford! Get in over their head in debt! Over extend themselves financially! And walk away as soon as they are considerably upside-down on their home and then the snowball starts running downhill😬🫣

@lisabrightly 7 күн бұрын

Really? I see my neighbors fighting desperately to keep their homes. Some fight for years, my neighbor just got his house back - it was five seconds away from a courthouse sale. He's fought over five years. It's sad actually, people try so hard - it's heartbreaking. Who are these lackadaisical home owners that you know?

@bjreeves-kempf6940 20 күн бұрын

SO...I'm a lender, the only peeps who could buy at the historic low interest rates were mostly person with wealth either personally or a family members who could help them pay over asking price..

@deloresdilday3978 15 күн бұрын

I Following Grant Cardone Real Estate Master ..2027 rents will double because of a hughe shortage of housing that is affordable.. Im debt free with rental income all paid for ..Thank you Grant for good advice😊

@user-vw3ci6ig2b 20 күн бұрын

PEOPLE NOW RETURNING HIGH PRICED ITEMS BEFORE THEY GET REPRODED

@roslyntchakedjian927 19 күн бұрын

Thank you excellent as always. Good Day.

@irynadellamorte5421 20 күн бұрын

I love to hear your opinions on financial situation! Trying to follow up your every podcast, Todd! Thank you so much Todd and Jack!

@mt.shasta9127 20 күн бұрын

The American collapse/economic disaster will go down in the history books….its gonna be legendary.

@ginas9317 18 күн бұрын

On the road relocating from PA to TX. Saw a lot of empty Trailers on the road.

@alexander.chance 13 күн бұрын

thank you Jack wonderful info!!

@ritawhite6169 10 күн бұрын

Great show Mr. Todd....straight talk, no chaser. Your show always teaches me something new that I can use.

@jofieraymond6528 20 күн бұрын

I used my stimulus checks to buy total stock market mutual funds 🤷🏽‍♂️

@karenjensen2345 20 күн бұрын

Love your guest!!!!!!

@user-pj6bl5md5r 19 күн бұрын

Every morning nobody special finance is first thing i listed to. Later in the day clear value tax explains thing s amazing as well

@breadbowlpasta 20 күн бұрын

Great show, thank you Todd.

@KeithAlan1984 20 күн бұрын

Service sucks because par timers dont stay...its a perpetual cycle of training

@bryanupton9872 19 күн бұрын

Well incentives are low yet cost of employment ever rising, certainly due to inflation but also, largely, regulatory burden that has compounded over decades.

@jeremiahsheppard7818 20 күн бұрын

I dont have a trillion dollar calculator but based on your statements the regular people got 5400 a household and the rich got 4320000 per house hold from the ppp program . 1 trillion for normal people and 800 trillion for the ppp I just multiplied 5400 by 800.

@dilatedtime 19 күн бұрын

Love this guy. Thank you for recognizing the Ape community. We are here for change in this corrupt casino. Sick and tired of the BS and abuse.

@DKLGalactus5 3 сағат бұрын

The problem is that corporations are gouging the public and cutting the product you get, the they say its inflation. But their profits have double or triple . Plus home prices and rent. Gas over taxed.

@btimothygordon2777 20 күн бұрын

Not to be Nitpicky, but "Savings" doesn't necessarily mean "in the Bank". My savings are not. Keep only a months expenses in the bank. I have no mortgage or revolving credit

@user-pj6bl5md5r 19 күн бұрын

Yes I thought that poll was very vague.

@thealchemiz1134 20 күн бұрын

Añejo is Spanish for aged or vintage. It refers to an aged alcoholic drink like rum or tequila 🍹

@yahn5558 13 күн бұрын

So glad I found you!

@rykedo4 16 күн бұрын

Thank you guys

@irynadellamorte5421 20 күн бұрын

I have workers, who did not receive stimulus because they did not file their tax return for 2018 and 2019, 2020. They are making less than standard deduction and were qualified do not file a tax return.

@user-pj6bl5md5r 19 күн бұрын

So many are not taught anything financial it's insane. Most of my friends couldn't explain what a bond is and what a yield curve is let alone understand why you need good credit.

@Nigriff 20 күн бұрын

"Date the rate, marry the house." -Dave Ramsey 🤪 He never mentions the appraisal fee, refinance fees, and all the money lost from the interest payments in the front end

@stevenshorten6184 20 күн бұрын

NOBODY SPECIAL IS THE BEST VOICE OF THE PEOPLE. He didn't pay me for that comment but he should.

@johnh5896 5 күн бұрын

Great show lots of knowledge and no bs .i just ran out of stimulus now credit card is locked and it’s hand to mouth . I was in a grocery store security had 4 people in cuffs and still more stuff was getting stolen one guy knocked down an elderly lady to get out with 2 cooked chickens .😢