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.
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 ... https://www.youtube.com/watch?v=U-l4bSG5u1U
Paying for housing is one of the most costly expenses we pay just to live. If you can make house hacking work, you need to do this now. AJ outlines how this will give you one of the biggest wealth building tools in the game.
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https://www.youtube.com/watch?v=yC8YU0ze5pw
A 401k is one of the QUICKEST and EASIEST ways to build wealth. So why are these fancy suits trying to stop you from taking advantage of this great retirement tool? AJ breaks down the misconceptions an then attempts to explain why these guys might be pushing these lies.
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https://www.youtube.com/watch?v=zE0ns1wpvYc
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Full Reaction: https://youtu.be/V_Dfth8GudY
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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.
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https://www.youtube.com/watch?v=--_p1oXY37E
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Our First Wealth Building Baby Step is Tracking Your Networth
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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.
...
https://www.youtube.com/watch?v=X0hj-X2XnYk
Student loan debt has been a burden on college students for some time. Biden promised in his campaign that he would do something, albeit a very small something, about student loan debt. He recently commented again that he will seriously look into some kind of student debt relief. Will this plan ever leave the conversation phase? Will people see some sort of relief?
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SHOUTOUTS AND RESOURCES:
1. https://www.cnbc.com/2021/12/22/more-than-60percent-of-voters-support-some-student-loan-debt-forgiveness.html
2. https://www.politico.com/f/?id=00000175-f4af-d692-a975-fcff0b650000
3. https://www.usnews.com/news/politics/articles/2022-04-28/biden-taking-hard-look-at-student-loan-forgiveness
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https://www.youtube.com/watch?v=mOl19LI5p2E
AJ explains how he looks at interests rates and when to look for when investing in real estate.
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https://www.youtube.com/watch?v=bXkJsccISus
AJ explains how you would know when to refinance a mortgage or do a cash-out refinance on an investment property.
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https://www.youtube.com/watch?v=nWrZCpWVsI8
The cost of things is much higher than we know. The things we buy are literally costing you your life! Are they worth it? Once you know how much things really cost, it makes saving money so much easier!
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https://www.youtube.com/watch?v=VrZ_NHGHQZ0
Dave Ramsey loses his mind over an Instagram Video where a debt teaches his daughter about using debt intelligently. Rachel Cruze, Dave's daughter, tries to relate and understand the dad, but they both miss the point entirely. AJ breaks down exactly what's going on here and why missing these important concepts can be bad for you.
SHOUTOUTS AND RESOURCES:
1. Original Episode - https://www.youtube.com/watch?v=m_xnOVAg-GI&list=WL&index=2
2. @Dave Ramsey
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...
https://www.youtube.com/watch?v=MLZ7H_lHpAs