Jerry writes into the Dave Ramsey show and asks how to deal with a family member who is constantly pushing them into using credit cards. Out of all the things, investing, savings, budgeting, paying down consumer debt, why would you push someone into using a credit card?
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=74XVjNyocsM
The Federal Reserve just released the September inflation report and it looks like we may see a Real Estate Crash! "Experts" are beginning to panic and this may mean our economy is in worse shape than we thought. Are we heading into a real recession? Is the Real Estate Crash finally here? AJ reacts to a video with Real Estate expert Jason Walter. He breaks down the data and the impact of the CPI on real estate and AJ explains what we can do to weather the storm!
@Jason Walter
Original Video - https://www.youtube.com/watch?v=2cFugE3CgBY
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00:00 Introduction
00:42 Federal Reserve Released September Inflation (CPI) Report
01:09 Introducing the reaction video by Jason Walter
01:42 Start of react video
02:08 Mortgage Rates at 22 Year High
03:02 How does Federal Interest Rates Affect Inflation?
05:48 Treasure Yields Increasing Mortgage Rates
06:27 1% Rule: 1% in mortgage equals 10% in home purchasing power
08:14 Impact of Mortgage Rates
10:00 Home Market Data; Listings, Demand, Etc
11:43 Demand is so low. It's dropped below new supply.
14:11 Home Price Drops are Increasing
15:09 What is going to happen? Is the Crash Really Here?
17:59 What can we do about the looming Housing Crash?
19:58 The Federal Reserve is trying to force a larger recession.
21:46 Conclusion
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https://www.youtube.com/watch?v=zKo6N32YLWQ
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Retirement vs Wealth | Know the Difference. It's possible for anyone to be wealthy OR prepare for retirement. But what's the difference and how do you work towards either of these goals?
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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=XQIGZXViFnE
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Financial Advisors will charge you extraordinary fees to give you a service you can handle totally on your own! Instead of paying a financial advisor, like and subscribe to the Wealthy Idiots...It's free!
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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=5C_ldCFK4RU
The Fed just released its June CPI report...and it doesn't look good. AJ explains what the CPI is, how it's used to measure inflation, how it's changed over time and what you can do to help set you and your family up for success during this time.
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https://www.youtube.com/watch?v=akhErnoUkng
The US government passed the "Inflation Reduction Act" which will give the IRS the funds to hire 87,000 new agents. Who are these agents coming for? And how do the wealthy avoid being audited...or even taxed at all? AJ reveals the secrets the wealthy use to get around the tax code.
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...
https://www.youtube.com/watch?v=u61FMCFvVNY
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In Chapter 2, R. Nelson Nash attempts to show the human conditions that prevent us from making smart financial decisions or thinking outside of the box to find new solutions to problems. Ironically, he may end up proving himself to be falling trap to these human conditions in his very own book!
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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=w3F-NhOOVU8
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
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
AJ goes over simple math that we all should learned to be financially literal. These ideas are the beginning of understanding saving money and working to have a wealthy future. AJ used to think that you had to save way too much money to have a simple retirement. After some simple concepts, he breaks it down to demonstrate that retirement is not only achievable but fairly simple.
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...
https://www.youtube.com/watch?v=T52KunUVe2Q