I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

She's "Tenley Megan Amerson ". Also maintains an online presence. Just make a simple search for her name online.

Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.

Check out all of the multi million dollar homes in Cali, and 90% of them are empty. The rich buy up all of the good land, and they don't even live there! They just want to own everything!

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

Could you kindly elaborate on the advisor's background and qualifications?

Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Not to mention that the number isn't even accurate to start with. Unemployment is not remotely close to "less than 4 percent".

They take people off the count, after one year!! They legit changed the definition

Exactly! So disingenuous.

doesn’t unemployment rate only count people receiving unemployment pay and doesn’t account for people who straight up don’t work?

@@vtec224 might be wrong.. but there’s people filing for unemployment assistance that can be compensated a percentage of that pay if laid off due to no fault of their own. And then there’s just the unemployment rate, that is total percentage of working age population that is actively looking for work. I believe after one year of being unemployed, you’re no longer considered part of that pool

🤣🤣🤣

😂

😂😂😂

I thought it was RFK Jr.

I can't unhear this now!

So I guess you're not picking up a copy? 😂😂

350 pages, but no one want to buy mine so i rant about it online for free. when im dead starving peopel can enjoy my free book lol

they are better off financially, people just buy stuff the dont need and dont know how to shop properly based on their situation

stop watching after hearing that

@@NickBeKnowin I'm debating whether or not to pry your thoughts further. You're right about people spending incorrectly, but the "they are better off"... No.

It's not just stimulus checks its also PP loans and like 3 years of student loan forbearance.

i agree Kevinellis, go look at snap benefits listed. 82% of the population currently qualifies for snap/ebt. Information is being cleverly displayed where it hides what is happening. I am scared to buy houses honestly, not because i don't think i can afford it specifically. I just don't believe i'll be able to retain a job long enough to pay for it.

My check was gone in 2 billing cycles lmfao. Wtf is he smoking?

@@g00bers24 he's smoking other peoples money obviously and hasn't had to spend his

That's where he lost me. 2020 was the largest transfer of wealth to the S&P 500 in human history. It'll just trickle down to the leiman though. :)

this content is likely old ... I watched some of Tom's stuff that is eight months old but, just published .. I know because they sometimes mention the current date. ☹

@@alanjosephproductions That would make more sense… Most everyone I know wasn’t in a position to save it!

Between state and federal unemployment and the small covid direct payments, I received at least $70,000.

rich people dellusion

when i hear carnist bashing veganism and whole food plant based diet "ah yes the 9 essential amino acid 2 essential fat and 0 essential sugar found in plants. vitamine nad mineral" "ah yes b1 b2 b3 b4 b5 b6 b7 b9 b10 b12.. what about b8 b11 ? and what do each of them do? source? absorbsion? mechanism?" broteinz tho gnut gnut meat tho gnut gnut yea i see that patern alot

Agree, this guy's brain is trash.

Literally everything he says is backwards, in the real world. LOL

100%. This is horrible.

Tell me you’re a Biden supporter without telling me you’re a Biden supporter…

Yeah, all the wrong ones. 4% unemployment is laughable. In reality it's about 23%.

@@taurus1305965 This content creator doesn't understand nuance in statistics. Unemployment % is only due to the reportable values and doesn't include per diem labor.

Agreed

He's in a bubble, reading statistics.

hasn't everyone? LoL

Truth!

I was cutting grass all day fir these rich ppl getting payed to not work. Lucky me

@@privatecitizen4001I was cleaning there pools

@@privatecitizen4001doing HVAC new construction the whole time during Covid. We were considered essential I say expendable while everyone else set on their ass and collected a check.

The cash that was handed out to the poor quickly trickled up into the accounts of the rich. The rich used it to buy houses.

a normal person needs to sit this man down and explain to him how wrong he is on those two points

Almost everything this guy said is a sophism. Incredible.

Move to a rural area. I sold my home on Long Island, NY for a $160k profit and took that money and moved to southeast Tennessee and bough my home cash for $215k. I also went from 3bed1bath to 4bed3bath. Went from 800ft2 to 1700ft2. Went from 0.15 acres to 3.5 acres. From $8500 property tax to $749 property tax. From high state income tax to 0% state income tax. From $140 car insurance to $47 car insurance. Plus I make the same exact money here. I went from living paycheck to paycheck and both me and my wife working to my wife being able to stay home and raise our children properly and enjoy her time to only me working and I don’t have to work a ton of overtime anymore and I’m now able to save $2,000 every month and that’s after investing in retirement too. You just have to bite the bullet and leave expensive places to live. Our ancestors would always follow the buffalo or move to where they could find land and water and we need to do the same. We can’t force ourselves to stay in situations that are not sustainable and that high rent is absurd. You can find really great places to live if you look. North Georgia is a really affordable place to live and very nice. Same with South Carolina. A lot of places actually. Good luck.

I hope you're getting a decent housing stipend, when I first arrived at Travis AFB in 1998 the housing stipend had not been adjusted to the local housing market, it was eventually and that helped a lot. But I just ended up renting a room from homeowners that were also trying to make ends meet. Choose wisely when resorting to renting a room though, retiree homeowners seem to be the most stable that are looking for reasonable rental income for their rooms.

Short term rental properties have caused some of that

Hope you getting BAH.

You need to live in the barracks, my man!

Re-up for Hawaii duty station then ERD your spouse = BAH for Hawaii & Home of Record. I had to send my wife back to Boston from Oahu & i banked my dick off

Unemployment reports are garbage he is clueless on unemployment, numbers are unreported and if you can only find part time they don’t include you

I think what he's getting at is that before covid people made the legal minimum wage, and now their income has doubled to around $15, so yes, they benefited the most as far as percentage. What he fails to consider or neglects to mention is that it cost $18+/hr to live off one job.

He fails to differentiate jobs from good high paying jobs - but he's spot on regarding the housing mkt, Im a builder in AZ and its f*cked

BOTH OF THEM! are delusional

Less than 8% of the trillions of stimulus went directly to the American people. Its been years now, when will these people stop acting like the poor got millions of dollars each and they are just sitting on this magical bags of stimulus money that's never ending.

Semiconductor.

Government

Some of the higher skilled or specialty jobs. For instance, engineering types working for large corporations that are seeing large increases in company revenues year over year (partly due to increase in government spending contract) are having to increase compensation to their above average value employees. But, this really only applies to employees that can clearly show to their boss that they create value for the company's bottom line well beyond what they cost. Pretty common for those employees to see annual 8 to 10% salary increases each year over the last three years.

In his head. He made it up. Or he is mimicking someone else who made it up.

In general…. A super majority of W-2 income earners are Not getting an 8% raise.

But that’s the problem. The economic is Good for any metric you take. The problem is that the data are correct, but the map is not the land. Unemployment is low? No shit you need to jobs to survive.

Yep! Delusional for sure!!

​@@Dr.Sortospinothis. The economy is doing amazing for 5-15% of the population. They've never had it better. Making record profits. Except for everyone else, who have lost half their spending power. I make 2-3x as much my parents did when they were my age and can't afford 1/3rd of what they could. The economy works great for the people who decide what to measure.

excelent observation, I feel like people pick a side ignore reality and quote stats that are clearly incorrect or do not properly depict the situation. I almost rolle my eyes when the stats come out weather correct or not just bc I feel like the gov and medical plus other industries have consistently destroyed the trust by consistently lying and trying to redefine words and new terms that aim to confuse and disarm. I was mind Fu@ked after a basic college stats class, "so what your telling me if you dont know enough and apply the wrong statistical method it will be wrong or if your smart and use the right statistical to achieve the interest of entity paying to do the study to "achieve their implied wants" then its considered right (it would have actually been better to use other method and it was their discretion so if went to court would be too ambiguous to go after) even though its wrong. @@Dr.Sortospino

@@MustbeTheBassest I am in the 1% and the economy is doing good for the 0.05% . Everything will be shit until you allow people like Cardone and company brag about how they don’t pay taxes

Maybe don’t drink water while ur at it. 😂

spot on. i either eat or pay rent. so i have to work to pay rent and give free time in shelter for food. 80 hour a week legal voluntarily slavery (if im not volontere im allowed to starve to death )

100 percent. Rice and beans. Beans and rice. Hide from the world or any activities. Shower once a week. Toughen up people!!!!

Not even close. If you want a job there’s plenty of jobs out there.

What?? Try to apply for a job that is not with minimum pay and tips and let me know how long it will take for you to get one.

Should have read the comments 1st... you nailed it

Totally agree. People are working 2 or 3 jobs to earn what previously could be accomplished with a single job. Kinda basic if you have a lot of very low paying jobs available that isn’t great for the economy if most people are burdened with debt and living paycheck to paycheck. Can’t think of this guy as an expert.

Its more like 55% they dont count college, seniors, stay at homes, disabled & anyone who hasnt claimed unemployment or reached the annual limit

It’s a lie from the media and left. They want to stop kids being born.

That was the plan. It is working.

supply is actually eaten up by investors. sooner or later they will be regulated more and more

1. Investors aren't looking to lose money. 2. Regulation would take political consensus and a willingness to shirk the donor class so I'll take later, much later. 3. Even if you got rid of the investors it's still a shear numbers game in which the demand for homes outstrips the supply by millions of units. Prices are going up because of inflation and the fact that people are competing for what's available and that's not changing without some massive market shifting event. 4. When the Fed eventually starts cutting interest rates housing prices will go up even more.

@@marcwilliams4246 housing market can’t keep going up to infinity… it’s part of the reason why inflation is where it is. If the demand does not tame which the feds want I would not be surprised if they raise interest rates even more. More money being lent will make a bag of apples cost 100 dollars and that would be bad for everyone. When the fed cuts it will be when job losses occur or when the damage has been done. Which is why everyone is waiting. Signs already are showing

Record mass migration also helps price keep booming. It's effectively a population Ponzi scheme.

I agree. Look up Q4 2024 PE firms and banks holding residential real estate. 8 of the 10 largest portfolio are down, some massively. If it is isn't profitable, they will be much hesitant before they buy. A bigger crash will kick out the corpo holdings even more. That being said, I think there two many variables to predict things and individual market will vary wildly. The biggest thing I agree with the video is the unpredictability of the future. Too much emotion, and mood does seem down.@@marcwilliams4246

Absolutely. Excessive mortgage debt may prove to be a very bad place to be and today's renters may become tomorrow's buyers.

Saw the writing in 2016... had the chance to own, meh deal admittedly, chose to rent. It simply makes zero sense, atc. If I wanted to sheep myself off a cliff, I'm confident I can invent other less fantastical scenarios haha.

What do you mean lol

​@@wcsartanddesign You didn't buy in 2016 and that was a GOOD move? I guess it all depends on location. Where we live, home prices could drop 50% and they'd still be significantly higher than 2016 prices.

So what do your loser kids do all day?

The problem is most don’t understand the unemployment number. It only counts those people receiving unemployment benefits. People laid off receiving severance pay and not collecting unemployment benefits yet are not counted. Those who benefits have ended are not counted. And those who have stopped looking are not counted.

He's oblivious to the fact that so many people lost decent paying careers & are now forced to work 2 & 3 shitty jobs. So, even though there are more jobs there is more work for less prosperity. He talks about recessions without mentioning a word on the boom/bust cycles that are created by inflating fiat currency. Totally clueless.

Agreed. His believing “official”unemployment number ruins his credibility.

He is wrong on many metrics, including savings which are at an all time low, and credit card debit at an all time high.

You wouldn't own it anyway. Your renting from the government.

I agree it sucks. The only option is to save and take advantage of decent interest rates until the market corrects. It won’t be forever.

​@@derylrobinsonyeah, it will definitely not last forever. Just long enough for you to miss your fertility or must productive life window. Don't worry though, once you are 55yrs old you can finally get a starter home and start a family. 😂

​@@MustbeTheBassestNo kidding!! I'm 42 and didn't think about buying a home till I was 30 when I started a family. Boy did I screw up! I found several places between 2012 and 2019. Man land and houses were fairly cheap! Part of it was my wife being afraid of being commited to a house!!😂😂 Duhhh!! We really screwed up!!

@@MustbeTheBassestu just defined 70% of millennials.

Government jobs with public employee unions.

Congress and senate gave themselves a raise. Illegal aliens get free school and medical care and food stamps. Stop complaining and work five minimum wage jobs

Oh, you haven't heard? In Fantasyland, annual raises are around 8%. In Utopiaville, the capital of Fantasyland, raises are even higher, closer to 15% annually.

Agree. My company does 3% yearly. Doesn’t even keep up with inflation.

​@@BPoweredLove😂😂

Because most people dont know how to live within your means. 90% of america you can make 15 an hour work.. but not maybe in nyc la Chicago. Doesnt mean the hyperbolic statement "it is not a job!" Makes sense

@@Hethalean 90% ?! Absolutely not. Especially, in the south, people are still making minimum wage working multiple jobs.

Unemployment reports are garbage he is clueless on unemployment, numbers are unreported and if you can only find part time they don’t include you

If you are an adult working for the legal minimum, you’ve really failed. But you can still gains skills and move forward

The hell are you talking about- you think nobody is in that wage bracket- the richer you are the more judgey you are. But we can can argue the point...

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

The data backs up this claim.

My bank account data disagrees.

Households of people who already own homes with a 2% mortgage. It's a story of haves and have nots.

What was it 3 out of 4 americans does not have atleast 1000 dollar in their account for emergencies? Saw a few of those datepoints pass the last few months. DId not look so swell.

Then why is personal unsecured debt at record levels? Also, the levels of people not paying on their debt is rising. I couldn’t waste any more time watching this. Just too out of touch with fly-over Americans.

To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

Exactly!!!!

@@TheBid Problem with this macroeconomic numbers like CPI is they always have biased data sets. Wooo non farm payroll shows 800k jobs added!!! Then you look 500k jobs lost full time high paying jobs, 1.3 mill jobs added at mcdonalds and starbucks!

hehe

He's completely detached from the reality of living on low wage 20 to 30 an hour here in CA is no longer a good income

There are not many people who have savings and people are living on credit. This guy is talking in generalities that are completely incorrect..

Or loose everything because of Bitcoin.

Most people I know Including myself spent the money on things like new tires, car maintenance they had been putting off because they didn’t have a lump sum to drop on it or basic things like groceries or some new clothes here and there. Those that were lucky enough to own their own homes used it for small repairs or upgrades. It was found money that most of us put to good use. I don’t know how someone can be so out of touch tbh?

I'm halfway there already. Minus the bugs and happy parts.

They are, by definition, not middle class then.

Trump didn’t fix anything. That is the big lie, my friend.

Don't have to be convinced. The system has been rigged all along and it's now extremely difficult to buy a house in the market they created.

Too bad it’s fake value and will eventually adjust to its true value

We sold in 2020. Worst mistake of our adult lives. Can’t afford to buy a home now.

I sold my house in 2020 with a 2.75% mortgage and it was the worst financial move of my life.

Your happy about your taxes doubling? That's odd

So you got lucky with the exact and ONLY scenario that really works. This will continue to be great news for you as long as you don't need to sell the house for a decade or more, because that "nearly doubled in value" is likely not even true today as you typed that. Zestimates are very clearly wrong. If you tried to actually get that "nearly double" by selling, you wouldn't. But your 3% rate is great, so hang on for dear life.

then you work where

You hit the nail on the head. Corporations should not be allowed to buy houses. They bought up everything they could after 2008 crash and now normal people can't buy but nothing will ever be done about it. Nobody even talks about it.

Doubt it. Maybe, but for a scant few. Too much mobility today to lose 3-6% to a realtor every time you have to move/sell in a 40 year period. Maybe 50 years ago when people stayed in the same home for decades or even until they passed away.

Bingo

You make a lot of sense. Could you give me a tip when you sense a change coming?

Plus investment firms are investing in single family homes

​@@LukeMeyer-dq6mr also that indeed, they get a fixed rate return that is a pretty safe bet + appreciation of property. I know it sucks but I don't think the market structure is going to change so dramatically in the next 10-20years... Perhaps things may normalize a bit with salaries but still - doomsday predictions of 2008 are going a bit far...