Are landlords really that bad? This video makes that claim landlording in itself is parasitic so it must mean that all landlords are bad. AJ responds by explaining the simple economics of meeting a need isn't inherently good or bad and the original poster might be simply looking for someone to blame for his frustration.
00:00 Introduction 00:40 Introducing Landlords are evil video 00:57 Start of reaction video 01:34 Supply and demand are responsible for rent prices 01:58 The landlord people aren't evil...just the concept...but also the people 03:53 Rent Seeking Behavior is Inherently Bad 06:41 Lending the use of something is passive and requires no effort 09:26 Landlords provide no value to society 11:22 Landlords claim the "are providing housing" 12:16 Houses already exist. So we don't need landlords to "provide houses" 13:34 Landlords make 2x the amount of the average renter 14:43 Poor people can't afford to rent 17:11 Landlords buy all the supply ... https://www.youtube.com/watch?v=ukexlKcEc9s
Mortgage Amortization can be a confusing topic for new home buyers. AJ owns several homes, built an amortization calculator from scratch, AND still got confused in a conversation about it. AJ explains what Amortization is, how it evolved in the US over time, shows an example using the Wealthy Idiots Mortgage Calculator, and lastly, what this means for building your wealth!
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
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https://www.youtube.com/watch?v=CHvuDsw5NUA
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Savings Accounts | Personal Finance in 10 Minutes (Podcast)
In this episode, DC covers the basics of a personal savings account. It's important to know how they work, the pros and cons, and when a savings account fits into your personal financial journey.
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
Music by SoulProdMusic On Pixabay
https://pixabay.com/users/soulprodmusic-30064790/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=146604
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https://www.youtube.com/watch?v=4rf05yvIikY
Dave Ramsey's Baby Steps have been designed to help people "get by." But what if there are more powerful baby steps that can help you get rich? AJ rewrites Dave Ramsey's baby steps to show you how to long term wealth safely and successfully so that you can enjoy your future!
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Original Video - https://www.youtube.com/watch?v=LjhcB92R7M0 - @Dave Ramsey
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00:00 Introduction
00:41 Explaining why I want to breakdown the Ramsey's Baby Steps
01:17 Breaking Down Dave Ramsey's Baby Steps
06:25 You can strive to be better than OK
08:07 1. Understanding Networth
09:44 2. Find a balanced lifestyle
11:36 3. Build an emergency fund
13:43 4. Invest in retirement (401k) (Roth IRA)
15:12 5. Pay off debt with an interest of 5% and above
16:37 6. Save for college if you feel this is necessary
18:07 7. Invest the difference saved from paid off debt
19:06 8. Invest even more!
22:08 Conclusion
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https://www.youtube.com/watch?v=ZxRkPi-HA58
It's important to invest your money into something that will beat inflation and ultimately make you wealthy!
In this episode, AJ covers a variety of investment options, explains inflation and demonstrates the power of COMPOUND INTEREST over time. He uses the https://wealthyidiots.com website to show COMPOUND INTEREST over time. Check it out and see for yourself.
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
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...
https://www.youtube.com/watch?v=zToBzeBSoqs
Most people's lifestyle is connected to their income. Lifestyle inflation will slowly creep in on whatever income they have, making it nearly impossible to save and invest. AJ explains that your lifestyle shouldn't be based on your income at all but something else entirely.
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00:00 Introduction
00:56 Your home and your car should match your net-worth, not your income
02:12 Most people have almost no net-worth at all
02:56 Where is the median/avg person in their wealth journey?
05:11 Wealthy is not income, wealth is what you keep, not spend
07:28 50% ten year rule
09:22 AJ tells his story around this mentality
11:42 Conclusion
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https://www.youtube.com/watch?v=U-l4bSG5u1U
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This week in personal finance news the debt ceiling debate still rages, inflation is slowing but no where near our goal, the federal reserve might be changing their minds on interest rates, CNN reviews what they believe is the top 5 financial misconception, AND there was an explosion at the pentagon that cost the stock market over $500 Billion!
Full Weekly Report: https://youtu.be/ZuCmRJlpXrg
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
00:00 Introduction
00:52 Debt Ceiling Debate Still Rages
02:17 Federal Reserve Doing a Full 180?
04:40 CNN's Top 5 Personal Finance Misconceptions
11:08 Explosion at the Pentagon cost the S&P 500 over $500B
13:14 Like and Subscribe
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https://www.youtube.com/watch?v=ZuCmRJlpXrg
Since the start of this inflationary run, we've been waiting for Jerome Powell to drop the big bomb. Last week, at the Economic Forum in Jackson Hole WY, Jerome Powell softly stated that the worst is yet to come. This infuriated a lot of top people in the media and politics. AJ breaks down exactly what's happening and what we should do about it.
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...
https://www.youtube.com/watch?v=z3dWf80MHU0
Dave Ramsey shoots down the callers dreams of starting AirBnBs (vacation rental) with terrible arguments. The caller is in the best position to start an AirBnB and see how it goes. AJ breaks down why the caller should try, why Dave Ramsey is wrong, and how this could setup the caller for financial peace.
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...
https://www.youtube.com/watch?v=dch3Fq-qFfU
AJ describes the best way to find multiplexes for investing.
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...
https://www.youtube.com/watch?v=7IAt9kLrw_M