@@franknuzzo2576 Inflation only benefits the wealthy, whose assets increase faster than the rate of inflation. The middle class doesn't want inflation and the poor get crushed by inflation.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Thank you for the lead, curiously searched Lucia on the web by her full name and spotted her consulting page, no sweat. Just sent her an email, hoping she gets back to me soon..
It's all debt. Anyone saying taxes are too high doesn't realize debt is already supporting their lifestyle more than they can imagine. Roads, water, sewer, basic infrastructure, is built, then needs maintenance, then needs replacing. It's funded by debt.
To me the problem seems to be treating cities like they're states or countries when they aren't. That matters because for the past 80 years and for the foreseeable future the US has grown and will continue to grow and growth is the default - there have only been a couple of years of recessions since WW2 where GDP fell year over year. But cities are significantly smaller units with significantly different outlook and growth is not necessarily the default assumption for them. During the Cold War when the US was booming and experiencing unprecedented growth a lot of cities were struggling or going broke because people were leaving them and going to suburbs or to some other city in the Sun Belt.
@Dendarang the fact that you said "growth is the default" is the exact problem that is happening now. The people in charge had this mindset that growth was always going to happen and never considered that population growth would start stagnating or even declining. We are starting to drop in population and with it go demand for goods and services, less jobs from less demand, less revenue, etc.
“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” - Abraham Lincoln, First Republican President
thats exactly what that Russian defector said back in the 70's or 80's theres a vid of him giving you step by step instructions... and well it's happened.
Theye try to provoke a nuclear war with Russia and pushing an economic war with China, while the USA depend on China that is irreversible. Instead of cooperating and use the 1.4 billion people market to make the USA even richer..the USA politicians want to dominate.
Wrong about 1st republican president. UpTo 1860 the 2 parties were wigs and republicans. But since no one would vote wig, they changed there name to republican to get votes. So the real republican party changed there name to democratic party. Look it up! Not that Abe was democratic at all.
The devaluing dollar sparks concerns about economic instability, reminiscent of the misconception surrounding the $2 bill - often perceived as rare, despite being consistently printed since 1862. In reality, its scarcity stems from low circulation and limited demand, not rarity. This misconception parallels my cautious approach to investing in unconventional assets.
My local bank consistently stocks $2 bills, readily dispensing them upon request. I make it a habit to grab some whenever I visit, finding them incredibly convenient for transactions requiring larger denominations, such as $10 or $20, paired with smaller bills. In these situations, I prefer using $2 bills over $1 bills - they're more practical and efficient.
$2 bills, though perceived as rare, are readily available at banks to fill the gap in pocket change, particularly dimes and quarters. Working with a fiduciary has helped me navigate investments, diversify my portfolio, and consider inflation-resistant assets to align with my financial goals.
Rebecca Noblett Roberts has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
The suburb I live in demolished a 75 year old high school (nothing wrong with it) and wants to build a new one with higher taxes. They are also building a 12,000 square foot golf course glub house at a cost of $12 million dollars (a cost that is 4X normal construction costs). I can't believe what's going on in my city. It's criminal.
Yes, and about 85% of all foreign aid is embezzled by the recipient countries, who are required to kick back part of the money to US officials. Foreign aid has always been a real gravy train for top US government officials.
Well, New York City's public transportation infrastructure is just as bad, too. They're going to need a *LOT* of money to upgrade their subway and commuter rail networks, and likely will need a major public transit bus investment, too.
@@Sacto1654 NYC should upzone the land around their transit, they have an 800k housing unit shortfall so they need the extra housing units and taxpayers anyway. Additionally, replace the property tax (which is forbidden from assessing homes at market value) with a land value tax
@@Sacto1654 At the same time, the baseline for public transit in the US is so low that NYC's system is considered the best in the US in terms of coverage
@@mohammedsarker5756 Whatever it is, the current situation in NYC is a major mess. Just cleaning up the housing rental market is going to take a massive amount of work, especially when studio apartments in and near Manhattan have monthly rentals of US$3,500 per month to start.
The cheque i cut the government on my propertirs and kinvestments are seriously eating into my project bufgets. It would hurt less if I received value for my taxes but healthcare still isn't cheap, my children's college tuition costs a small fortune, and my husband and I still have retirement to plan for. Right now the only solutioniwe see is to scale up my profits and with our limited knowledge, we are at a loss on how to do that.
not their fault, the IRS seems to be more of a bookkeeper for the government than the reason for the high tax rates. As for the stock market, even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
Profits from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional passive income in addition to dividends, you will be able to pay for college and still retire like royalty. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than “$600K” in dividend stocks through my asset manager and will continue to do so until the price falls even further.Read more
I’ve been filling ripped off since I first started paying income tax on my assets kn 2018. I planned to do more research and increase my earnings but I got lazy and forgot. So now its time to stop being stubborn and. Ask for help. Can you tell me where to get answers?
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
And guess which industry benefits form that. Ford and the car industry corrupted our city building infrastructure that only caters to cars. Now the suburbia everywhere cost more to maintain then they pay in taxes.
Maybe. When 97% of the population worked on a farm, it made sense to live right there. But if a lot of people in cities are working in a smelly, noisy factory, it kinda makes sense for health and comfort reasons to separate work and home. These days most cities don't have a ton of heavy industry anymore, so the separation doesn't make the same sense.
@@crusherven your right it doesn’t make sense to have some industries next to where people live. But there is no reason we can’t have office space, restaurants, groceries all intermingled with each other. There is no reason why we need separate areas for all these things. There is no reason why people should have to drive to all these places.
Neither are true. Taxes are not what is running this country anymore. It's debt. Votes aren't rewards. Your vote is meaningless when someone can buy the politician. Edit: Read, "Inequality and Democratic Responsiveness: Who Gets What They Want from Government?" by Martin Gilens.
Your city taxes aren’t funding the military. What’s happening is these cities have become unaffordable to the working class, so they either leave, or become what is known as “homeless.” That’s why some states have decided that cars should be included as part of your annual property tax. You’re working full time, but can only afford to live in your car, so tax the car.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
Single-party Democrat cities have a revolving door of dirty politicians who select companies owned by friends and family to manage all of their city services for like the homeless, streets, garbage etc. San Francisco sidewalk cleaners (who just pressure wash the sidewalks) earn over $100,000 per year! Just to spray sidewalks! This is why they will never fix homelessness - because they make too much money from it.
I think New York City treats corruption the way drug dealers treat seizure of shipments retailers treat theft and suppliers treat damage. It's built into their "business" model. Drug dealers assume 10% of what they ship will get seized. Retailers assume 10% of what they have in stock will be stolen. Companies assume 10% of product gets lost due to damage or other means. It's built into the price of everything. I don't know what New York City takes corruption to account as a percentage, but let's say it's 10%. That is a huge amount of money and probably acceptable. I'm not saying it's acceptable to the average citizen or me or you but in the grand scheme of things it's acceptable. You also have to assume that at least 10% of police officers are on the take. Don't get me wrong I like the police but you just have to accept reality.
My city had a council race two years ago that I reached out to a candidate about. I asked him about some questions about how city taxes were collected and how different policies would affect this, his response was that he was interested in learning more about this. What I'm trying to say is that he was completely uneducated on how cities work. The problem is that too many people don't know how cities operate.
Salaries for these idiots is way too high. They also spend money like drunken sailors. IMO I see work crews all the time. 5 workers with 2 actually working.
Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150,000 to outperform the market this year?
Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.
Very true. Despite having no prior investing knowledge, I started investing after the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
Stay guided and blessed in all your endeavors. The Government and the banks aren't to be trusted anymore following the reason most banks are closing down causing many to end up as victims of the ongoing crisis and bank collapse We are all recommended to switch to the New financial system QFS.i have a great insight on free courses that will open our eye and mind to saving,investing, even withdrawing more then 50% daily and the Humanitarian Project.
@@floridaman7 the channel is called strong towns on youtube. Not just bikes also made a playlist based on their research. /watch?v=fzETR5rkdd0&list=PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa
You are definitely not far off. People keep underestimating how bad off we are doing. The Fed isn’t even going to cut interest rates until March of next year now, Russia just pulled out Billions out of JPMorgan. Banks are falling, and will continue to fall. This government has had the wrong idea. Thinking they can tax us to death, print money endlessly, and they’ll be fine. It’s like living beyond your means without planning for maintenance needs, insurance needs, it’s all tumbling down. A lot of people will suffer, but honestly, it needs to happen, especially to the elite and big banks. They need a reality check.
@@elonever.2.071 We're 5 years away from the Great Depression's 100th anniversary so they just might. Yes. There are countermeasures and safeguards that were created from the Great Depression's aftermath, but it doesn't mean they'll fully stop the next economic crisis on a depression level.
@@darkmagician2521 some of those safeguards were removed during the clinton and reagan administrations, which has caused a lot of the economic hardships we have had today. reaganomics has had a detrimental impact on the middle classes ability to survive a great depression, the middle class themselves has been shrinking drastically since the 1980s, the way we build homes also has a impact. on top of this, Clinton removed safeguards prohibiting banks from issuing mortgages to subprime borrowers, which is what basically caused the 08 housing market crash that almost lead to a even worse outcome than the great depression: a total economic shutdown.
....act like a college kids who want the "college experience" at expensive universities and go into debt for it. Maybe Biden will do the loan forgiveness with NY.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
The amazing thing, maybe terrifying, is this is just the large cities. Mid and small towns around the country are crumbling at an alarming rate, burdening with large debts and less income coming in. The amount of states/cities being propped up by the federal government is staggering. My hometown in Arkansas looks worse and worse every year with infrastructure deteriorating to a scary level. It was revealed a few years ago nearly 40% of the cities budget was supplimented by the federal government. If that ever stopped I cant imagine what would happen.
As someone who also grew up in a small town in the South, I noticed this too. I highly recommend taking a look at Strong Towns. It's a non-profit that analyzes and provides ideas for how to make cities financially solvent again.
Why are they taking funds from FG when they keep voting republican Politicians who cant govern or bad with economics? Isn't that socialism as they always claim?...
I thought I was the only one that could now visit 30 ghost towns IN THE UNITED STATES of AMERICA hell you could shoot 2 more WALKING DEAD APOCALYPTIC shows in those towns...🤷♂🤷♂ man that's sad all this leave a beautiful place like Europe trust me it's BEAUTIFUL only to land then get into conflict with the natives and those brought over as help like to come here and let the whole thing go up in SMOKE literally like one of these towns could just go POOF and no one would know!!!! Makes not a lick of sense when you think about it. Smdh!!!
My main worry, given the current rate of inflation,my focusis how to increase my $300k reserve, which has been sitting stagnant for a very long time with little to no gains. I understand the long-term strategy, but since my savings are being eaten up by inflation and my portfolio is losing value every day, I need to find a solution quickly.
The concept of a portfolio manager may seem contentious to some, yet since the pandemic, the number of portfolio managers has increased by over 41.8 percent, and their skill sets are excellent. In just eighteen months, I have amassed almost $400k from a stagnating $150K portfolio devoid of dividend equities at the beginning. These traders deal in large quantities.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
@@matthewlam9416 A three-way battle to see who can brainwash the people the most? As a monarchist, I say it would not change anything since there is no accountability and the plebs worship ideology. Now if people would stop denying reality now that would be a step in the right direction.
@@justicedemocrat9357 You make my point. Cities had to contend with dead cow carcases and horse faeces back then and back then there was no 3% city tax nor property taxes nor sales taxes. Again, get rids of all those taxes and let the feds fix state and local issues.
Maybe we don't give billions to billionaires to fund vanity stadium projects, and we force cops to pay for their own insurance bailouts when they do something to get the city sued as a start.
@@Max-qi3hg Nah so many studies by economist has shown that sport stadium are not worth the investment. They in fact do not bring in more money than the cost of the stadiums. Time and time again that notion of a sports team generating tons of money for the city has been proven wrong.
@@Max-qi3hgStadiums do when they take up a huge section of high value land that could be more financially productive or provide housing. They're also often surrounded by parking lots (at least in the U.S.) and artificially spread destinations in the city, meaning the municipal government has to fund more roads, build and maintain more pipes, cover a larger area with public emergency services, etc. You're quite quick to give your opinion to each and every comment without stopping to think about how complex it is to design and fund a city...
No re-election of incumbents for at least three election cycles. An independent forensic accounting of every federal, state, and local government department to ferret out the waste, fraud, and corruption. #CleanHouse #NoIncumbents
It is honestly crazy how incompetence is allowed to stay. If this wasn't the government but a private business these people would have been fired long ago and be replaced with someone who does deliver work that meets the mandates set by policy. It is because of their incompetence that regular citizens now have to suffer and somehow this has 0 repercussions to the people who failed their oath to the people and their mandates. Better yet they probably get a pay raise or promotion instead :| Then you wonder why most cities are turning into a debt bubble that WILL implode at some point.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance
Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.
I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
they are just telling us how bad its becoming without pushing action to change it and incrementally we throw our hands up and just accept the new norm. its like they are preping us for these changes and before you know it we dont realize we accepted them overtime.
It drops with your debt ratio (how much you are utilizing) not absolute debt. So you should keep that well below 10%. You just need to be careful of how quickly you ramp up credit.
@@psychic1999who thinks this is a workable system? This is the worst thing I’ve ever heard it’s ridiculously immoral and lacks any societal benefit, your economy is entirely a scam
@@philipdillon83when the city is malfunctioning, crime ridden, dirty, dangerous and expensive will their employees still want to live and work in NY? How's that working out for San Francisco?
@@philipdillon83 There are other alternatives to NY. Saying that a billionaire can't move from NY and have the same success in many different areas is a bit delusional imo. Also the reason they're still there is because NYS did exactly what I just said and slowly raised rates.
@@growtocycle6992you forgot high earning ( tax paying ) businesses leaving NYC since the summer of 'love' 2020 like rats a sinking ship. TH-camrs Louis Rossman and Cash Jordan have chronicled NYC's downfall. They even have an exit tax to prevent you from leaving , NYC is nothing but a bunch of corrupt crooks who are indistinguishable from the mob.
People moving out of cities. People not spending money in cities due to higher city sales tax rates. People not going into cities on weekends. Higher crime rates & higher insurance rates in cities.
@@badpuppy3Corruption is a huge part. There are laws created and social behaviors allowed to tank they economy. Look at how much blue cities are prioritizing illegal aliens over taxpaying citizens. Look at the homeless industrial complex in LA and San Francisco alone. There was an article that said that California mismanaged $24 billion in funds to fix the homelessness problem. But there are non profit workers getting paid a quarter million dollars a pop. Why would they want to stop or fix this problem when it’s making them money. Two people recently were arrested recently spending part of those funds renting a lavish house in Beverly Hills and spending on luxury cars and dinners. Corruption and greed, incentivizing poor behavior and poor work ethic, protecting criminals, over regulation, and overspending are huge problems with specially in San Fran, NYC, LA, and Chicago.
@@HiDefHDMusic I'd rather you have received a functional command of the English language in school, unfortunately, that's not what happened. To answer your question though, you should support the wall because curbing illegal immigration will increase demand for American labor, which means an organic rise in wages for American workers rather than these idiotic, inflation-exacerbating minimum wage hikes every few years, it would further inhibit the flow of illegal drugs and human trafficking, as well as have a positive effect reducing the levels of crime on our streets, mitigate the housing shortage and benefit national security. The better question is, why the hell wouldn't you support it unless you want more inflation, more crime, more illegal drugs, further depressed wages etc.? I can only think of two explanations... Either you hate this country and want to see it destroyed, or you've been programmed via the idiot box by people with those goals and lack the capacity to dispel these insidious notions on your own.
@@davidhill850 gold standard works fine for any economy, it doesn't make sense that there isn't enough gold... you can just reduce the prices of things relative to gold, when economy grows the prices of things get cheaper. The reason why they left it because they printed way more dollars than they had gold, so they had no choice to leave gold
Lots of permanent programs started with temporary funds. My city seems to only add programs. For some reason they have a hard time scaling back or removing services that are no longer needed. They have blown through the pandemic money after using it to plug budget shortfalls and continue to raise taxes. Now, the new hustle is too overvalue your home to levy more property taxes. People are getting hit with $100k increased assessments in a year and they've done nothing to the hone and no new development is in the area. Smh.
NGO industrial complex has taken over most countries across Canada, Western Europe and the United States. Its these days one of the largest employers often getting billions in govt support. Like most things NGOS want problems to continue to make money to cover their wages, executive compensation packages, and health benefits. You also have many politicians and their families making money indirectly from these programs to avoid accusations of corruption.
@@guardianoffire8814 you get it. We need to crack down on corrupt NGOs, rebuild state capacity and implement upzonings/densification as well as a land value tax
Jesus it’s not NGOs or George Soros. It’s literally American Rescue Plan Act getting spent before they lose it all. Sorry I don’t have a more interesting conspiracy theory answer to keep you engaged. The truth is really boring I hate to tell ya.
They do this to keep paying the people they hired even though they are no longer needed!! It a Democrat thing!!! If they keep these people dependent on the Government jobs they will continue to vote Democrat! If these people are forced to actually earn their money by providing a service or producing a product they learn the lessons that Capitalism teaches them!!
that's how government works, once they implement something ,you can't get rid of it anymore. It's in their best interest to keep the program going because otherwise they would have to find another job
They are going broke because of corruption. The bidding process does not encourage competition and instead rewards the projects to friends of politicians. I have worked on projects in the suburbs and in the city and the mark up for work in the city is INSANE and the quality is not better.
@@JaceFalcon Most poor people pay zero taxes in USA while using my taxes money for roads, schools for their moron kids, and more services they use, but dont pay. Want to bet on that ?
I think there is real fear right now of a large city going financially under like what nearly happened to New York City in the 1970's. That's the type of disaster that could devastate the US economy in very short order.
It would be devastating for the mob that controls N.Y. but not for everyone else. Nothing there that can’t be produced or carried on in a more fiscally responsible area.
The problem is the system: A mayor with 4 year mayoralty can spend financed with debt to be payed in 10 years. They spent to buy votes and leave before they have to pay the bill. Leaving the problem to the next. The problem accumulates until it is unsustainable.
SF has a huge spending problem. They assumed that tech boom will always be there, overestimated their income, and fail to control costs. They proposed $1.7 million for a bathroom in Noe Valley, which ended up around $300K in the end but a great example of now bad their spending is.
My city recently put up a ballot measure to create a new unfunded liability in policing. A few years later, the city council approved a new payroll tax and people were furious, defeating the tax at the ballot box. Since then, the public library has gone to 5 days a week and many of the community programs in the park have been canceled for lack of funding. Of all the people i talk to about the end of these programs, i always try to remind them "everyone votes down a funding measure, then complains when their services stop."
Californian's voted yes on the increase taxes and look what happened. Services have reduced and many public transportation with high demand got eliminated.
@@WhoCares-ml9fg That's because the businesses ran away to avoid responsibility for their actions. When the poor hold the wealthy accountable. The wealthy flee as they always have immemorial. Once the same happens in Texas when people demand that their power grid be weather hardened (so they don't freeze again). Same game will repeat. It's pathetic really.
Who the hell goes to libraries these days? My town just spent $20 mills to build one, raised property taxes and the new library sits empty like the old one did for years! Fixing potholes instead? Nope!
@@WhoCares-ml9fg When business leaves to avoid paying taxes on those services. It's no surprise. Avoiding accountability at its finest. (Thanks for removing my more in-depth reply but still showing it in my history. YT thinks I can't tell. >I can.
Taiwan absolutely yes. We need their semiconductors. Ukraine and Israel? I don't know what they really offer especially Israel and our strange obsession with doomsday.
@@retro527 Ukraine is a major wheat exporter. Its wheat export is incredibly important to northern African countries, and if that is disrupted and a bunch of North Africans go hungry, where do you you think they're gonna flee to? Not to mention that Russian aggression westward puts the Europeans on edge, and in that case they're less likely to buy luxury goods like iPhones and Teslas costing American jobs. Israel is a MAJOR US ally in the Middle East. It's like the FBI having a snitch the 'hood to know what tf is going on. Losing Israel is NOT an option. Israel itself also a provider high-tech services especially cybersecurity. To say that Ukraine and Israel are not important is shortsighted. Instability costs a lot of money and you either spend some money to plug the hole now or spend A LOT more money later on to clean up the mess.
The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
The SVB scenario warns that the effects of the Fed's rate hikes are still being felt, despite the economy's so far successful resilience. Investors need to be cautious about the upcoming inevitable in situations like these. I'll suggest hiring a financial advisor because you don't have to act on every forecast. For a time, I've been using this as my backup strategy.
Would you please let me know how I might use their service to get in touch with this particular advisor? You seem to know everything, unlike the rest of us.
Melissa Terri Swayne a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I’m 22. Why am I expected to spend the rest of my life paying for the Boomer’s party. Also, why do they keep on raising more money or taxes rather than cutting costs
As a commercial property manager, this view is only a part of the story. Downtown cores are suffering because work is changing. Downtown cores are places of work and offices. But accessing a downtown core is expensive and typically companies look to have offices in a downtown core for reasons that are more or less no longer valid. We can see this in the falling value of commercial real estate. Downtown cores must change their core purpose from work to living. Residential is the future for downtown cores. But, that is not going to be as valuable. Largely, officials are in denial about this. This lack of recognition of the main driver of the decline is unlikely to be accepted and that will cause a further decline in the value of city cores. The future for downtown cores is not looking good. And I don't think it will get better.
And not every office building is suitable for repurposing. The are floor plates that do not lend too well to be rearranged on viable housing units. And then some buildings are costly to,operate as is. When parsed amongst residential tenants , the cost structure make residential units unaffordable.
The issue is Single Use Zoning. Our whole concept of CBD - Central Business District leads to a lack of diversification which means these areas are less resilient in the face of decline of their one use. European cities don’t have this problem because they have mixed use across the entire city.
One other issue aside from repurposing is who desires living in the downtown core? If the housing is too affordable then you get lots of poor people which leads to terrible schools and higher crime. If it’s higher end housing then you get higher end, childless young professionals but also a large amount of vacant units as it’s often more beneficial to leave surplus units empty than rent to poor people. What I think we’re going to see is more amenities shift to suburbs or other far flung parts of the metro areas along with some downsizing of corporate office space in the CBDs. It’s going to be painful for many of these cities.
@@ZeusAVI So far I think it's been a status thing. As in, it's prestigious to live in a downtown core. But, more in support of what you're saying, will downtown cores continue to hold status? Who else prefers living in downtown cores? Drug addicts and the homeless. I think you're right about a shift in focus to suburbs. But also I think we'll see "micro cores" develop. Areas where we have a small collection of high-rise towers in previously suburban areas, and those smaller cores which are developed exclusively for residential, will be the new desirable areas.
A huge problem is the fake and inflated property values in NYC The real estate industry has been getting away with this for years. Also Bloomy's bird brain idea to give his buddies 30 year tax free breaks for building a buildimg or making a business.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
It's not just the US. All over the world... every city, every country is a house of cards. All we can do hope that it doesn't collapse in our lifetime, because it's not “if” but “when”.
Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. I want to spread across $400k into profit yielding dividend equities but unsure of which to get into
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.
This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.
It's a miracle and I would testify, 110k bucks every 2weeks! I now have a big mansion and can now afford anything and also support God's work and the church
Seriously, what does that mean? It baffles me how many people blame everyone in government whilst barely knowing how their government works in the first place.
The problem is that cities are building way too much of the sprawling development that costs the city more than it gives in taxes, and hardly any of the dense development that gives a lot more in taxes than it costs the city. To solve this problem and the housing crisis we need to legalize the construction of dense development in our urban areas and fund public transport which is way more cost effective than paying for roads.
@@noneshereActually yeah it is...I know it happens in the UK, Canada, Spain, Italy, Portugal, Australia. Debt is the reason why Dubai went bankrupt in '08 and had to get bailed out by Abu Dhabi. So don't act like debt doesn't exist in the jurisdictions you mentioned.
@@WinahhTaylahh I'm in Montreal, Canada and we have similar issues with infrastructure and transit system as the USA. So no it's not strictly an American problem, I have yet to see a major city in the world not offering bonds (debt) to finance itself, but nice try though.
Government is fiscally irresponsible. They don't care about efficiency and squander taxpayer's money without abandon. That's why there need to be laws that prohibit state governments from going into debt to fund services.
Charles Marohn Jr of Strong Towns has been talking about this subject since the 2010s. Major infrastructure projects lack substance in ROI, politically favourable decisions are made without economic considerations, and long-term outlooks. Most of North American cities are extremely overleveraged, and are ticking financial timebombs
American incomes are very, very high. This allows us to pay for inefficient low density systems, even if it means paying federal taxes that are then used to bail out failing suburbs.
It's become so expensive to live in these places that tax payers are leaving I bet. Seems the uber poor can live there due to the benefits big cities provide, the uber rich can live there because they are rich, yet the middle, they always need to leave by the time they his child having age. So you lose that tax income.
Building big stadiums that taxpayers take most of the cost of building and maintenance probably doesn't help. Especially while the billionaire who spearheaded the project pays only the small portion of the building and maintenance costs but gets most of the profit. The roles should really be reversed... But yea, a lot of the stadiums that were built back in 2010s are going to bite the cities in the ass later in this decade if it hasn't happened already for some of them.😒
Clearly, this debt based economic system is not working. Everywhere you look, extreme debt, debt, and more debt! Isn't it about time to throw in the towel and come up with something that makes a lot more sense? 🤔 The status quo is not sustainable!
My thoughts exactly. The entire system created in the early 1900s appeared to work because it was Ponzi scheme predicated on debt. The system is not sustainable
@@justicedemocrat9357 maybe don't accuse people of "babbling about" when your comment lacks any kind of substance. But of course your nickname says it all...
If you're curious about your own city, see if you can find their budget. My mayor makes a lot of money, and this year she wants to give herself a raise. The difference in the raise is more than the average wage in my state. They're stealing from us to buy second houses and third cars.
Canadian cities going broke here too. We can't afford to clear the snow off the streets in the winter or cut the grass in the summer. Raising our property taxes 10%
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Elise Robinson for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, 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 e-mail shortly.
Nothing to do with migrant, so-called illegal aliens get all forms of taxes stolen becouse there made up S.S. number don't match there name, so the money gets stolen, its called the set-Assid or suspension fund, tens of billions held for mismatch, also the migrants claiming asylume are not allowed to work, asking for work, the response, you are not allowed to work, there tracked, so its not like illegal alien, most of them have been in the U.S. for years, most people today are claiming asylum its legal, but you do not get asylume for work, you must say you are in danger, get the money form the illegal alien slush fund in Washington and by the way few Mexicans are crossing the border illegally, not even legally migrating to the U.S.
Start investing in the people instead of on businesses and businesses will develop organically, which will lead to a city succeeding. Politicians need to stop helping friends and start helping neighborhoods.
If you commit credit fraud targeting an adult you’re called a criminal. But if you commit credit fraud targeting unborn children you’re called a politician 👍
Funny thing is the whole defrauding the unborn is basically what happened in China, and now they are in full scale panic to try to get women to have babies.
This video said a whole bunch of nothing. I want to know where exactly all this money is going. And of course the first thing they want to cut is services for the public.
Dont believe this we are not broke, our economy is booming. My family own a consultancy firm as well as 3 apartments to rent in chicago. Business has been booming in the past 5 years. Labour is relatively cheap and if we want something tweak in the local law/s we just pay off a few people in the local government Our businesses has been so successful that we bought a small villa in Turkey annd my parents bought5 bedroom house just on the outskirt of Texas. I hope 2024 will be another successful year because i want to buy an apartment in Europe at somepoint in the next 2-3 years.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Finding financial advisors like *Izella Annette Anderson* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
We’ve been here before it’s nothing new. Don’t be ignorant. You know nothing of how bad third world cities can get. We are soo much better off. Maybe not the best but certainly way up there with the amenities our cities offer.
@@portcybertryx222 Rest of the world is improving, while the West in their arrogance pretend things are still bad there while ignoring their own increasing internal problems. It's only bad due to endless Western military interference around the world.
@@portcybertryx222 Wtf you mean we?! All the people who worked hard to build America are dead, also the demographics have changed, it isn't the same aynmore. Lmfao
Hell yeah, and we'll continue to fight the good fight until everyone gets it and we get a real shift in developing our cities and towns. We'll fight them in the town halls and the planning boards. We shall fight them at the ballot initiatives and city council meetings. We shall fight them on the beaches, and the fields and in the streets, and the... uh, yeah, something like that.
If you guys think you are going to fix the debt problem by banning cars , introducing separated bike lanes , LRT/trams , and forcing everyone into high density housing.............you got a lot to learn. Maybe start growing out of your early 20s first.
@@tk80mufa5 You're super misinformed. It's about the freedom for mixed use neighborhoods to be be built -- not forcing you to live in one. This video by NJB really explains it well. OH, and I'm Gen X dude. th-cam.com/video/bnKIVX968PQ/w-d-xo.html
![เปิด อาณาจักร หมื่นล้าน "สาระตั้ม" l [Nickynachat]](http://i.ytimg.com/vi/3XE0nPF4YkQ/mqdefault.jpg)
They don’t have a cash flow problem. They have a spending problem.
They have a government salaries & benefits problem.
They have a federal income taxes problem.
They also have a hyper inflation problem.
@@elonever.2.071 Inflation is built into the system, unfortunately. It’s what people want, also unfortunately.
Corporations control politics
@@franknuzzo2576
Inflation only benefits the wealthy, whose assets increase faster than the rate of inflation. The middle class doesn't want inflation and the poor get crushed by inflation.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Lucia Alicia Cruz is my FA, simply do due diligence . You'd find necessary details online to work with and set up an appointment.
Thank you for the lead, curiously searched Lucia on the web by her full name and spotted her consulting page, no sweat. Just sent her an email, hoping she gets back to me soon..
Politicians definitely are not broke
total corruption politicians are not for us on either side, it`s about show me the money
They are breaking us!
Boom
they don't need the money
Yes they are! We need to pay our politicians more. They need to make more money. We need our rights - Biden Voters
It's all debt. Anyone saying taxes are too high doesn't realize debt is already supporting their lifestyle more than they can imagine. Roads, water, sewer, basic infrastructure, is built, then needs maintenance, then needs replacing. It's funded by debt.
This can go on indefinitely as long as the US manages to remain the global reserve currency.
@@N0Xa880iULI had a stroke trying to read that
@@Dumbledore6969x why
@@N0Xa880iUL it doesn’t make sense in English
@@Dumbledore6969x Okay. What would be the correct sentence?
Most cities take on debt with the assumption that growth will continue as it did in previous years.
Boy were they wrong
Yeah especially when they putting the money in their pockets and not actually into the city
Also doesn’t help when the police make up 40% of the budget in some cities Im sorry but police don’t need armored vehicle and grenade launchers
To me the problem seems to be treating cities like they're states or countries when they aren't. That matters because for the past 80 years and for the foreseeable future the US has grown and will continue to grow and growth is the default - there have only been a couple of years of recessions since WW2 where GDP fell year over year. But cities are significantly smaller units with significantly different outlook and growth is not necessarily the default assumption for them. During the Cold War when the US was booming and experiencing unprecedented growth a lot of cities were struggling or going broke because people were leaving them and going to suburbs or to some other city in the Sun Belt.
@Dendarang the fact that you said "growth is the default" is the exact problem that is happening now. The people in charge had this mindset that growth was always going to happen and never considered that population growth would start stagnating or even declining. We are starting to drop in population and with it go demand for goods and services, less jobs from less demand, less revenue, etc.
Cities have to pay road maintenance themselves without federal help, big expense.
The city may be broke but the ones who are in charge of it sure aren’t. Wonder why that is? 🤔
Bingo
They should be fined for every year they run a deficit. They can work for nothing until they prove themselves.
Yes, yes. Quite curious indeed.
Because theyre greedy democrats?
Exactly why they released this nonsense “explanation”
“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” - Abraham Lincoln, First Republican President
thats exactly what that Russian defector said back in the 70's or 80's theres a vid of him giving you step by step instructions... and well it's happened.
Theye try to provoke a nuclear war with Russia and pushing an economic war with China, while the USA depend on China that is irreversible. Instead of cooperating and use the 1.4 billion people market to make the USA even richer..the USA politicians want to dominate.
Thats why CAPITOLIST SOLD OUT TO CCP
@@SamBaker-z9h yuri bezmenov i think you are talking about? not sure just a guess
Wrong about 1st republican president. UpTo 1860 the 2 parties were wigs and republicans. But since no one would vote wig, they changed there name to republican to get votes. So the real republican party changed there name to democratic party. Look it up! Not that Abe was democratic at all.
The devaluing dollar sparks concerns about economic instability, reminiscent of the misconception surrounding the $2 bill - often perceived as rare, despite being consistently printed since 1862. In reality, its scarcity stems from low circulation and limited demand, not rarity. This misconception parallels my cautious approach to investing in unconventional assets.
My local bank consistently stocks $2 bills, readily dispensing them upon request. I make it a habit to grab some whenever I visit, finding them incredibly convenient for transactions requiring larger denominations, such as $10 or $20, paired with smaller bills. In these situations, I prefer using $2 bills over $1 bills - they're more practical and efficient.
$2 bills, though perceived as rare, are readily available at banks to fill the gap in pocket change, particularly dimes and quarters. Working with a fiduciary has helped me navigate investments, diversify my portfolio, and consider inflation-resistant assets to align with my financial goals.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Rebecca Noblett Roberts has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The suburb I live in demolished a 75 year old high school (nothing wrong with it) and wants to build a new one with higher taxes. They are also building a 12,000 square foot golf course glub house at a cost of $12 million dollars (a cost that is 4X normal construction costs). I can't believe what's going on in my city. It's criminal.
Because the cities are run by criminals.
no one asked
@peanutarbuckle2980 I found his response interesting, at least.
When people spend other’s money, they don’t care
The Teachers Unions get what they want regardless of cost to the taxpayers so you get what you vote for.
Yet we had 95 billion to give Taiwan, Israel, and Ukraine...
Yes, and about 85% of all foreign aid is embezzled by the recipient countries, who are required to kick back part of the money to US officials. Foreign aid has always been a real gravy train for top US government officials.
That money goes to U.S. contractors and the U.S. Military industrials complex not what that sounds like
@@geraldarnoultso it’s even worse than just giving them money, like significantly worse
And thats just one pay package. Theres been many before it and many will come after
@@HiDefHDMusic lol exactly
No is talking about the shear cost of infrastructure spending to repair and maintain roads for a car dependent city
Strong towns is
Well, New York City's public transportation infrastructure is just as bad, too. They're going to need a *LOT* of money to upgrade their subway and commuter rail networks, and likely will need a major public transit bus investment, too.
@@Sacto1654 NYC should upzone the land around their transit, they have an 800k housing unit shortfall so they need the extra housing units and taxpayers anyway. Additionally, replace the property tax (which is forbidden from assessing homes at market value) with a land value tax
@@Sacto1654
At the same time, the baseline for public transit in the US is so low that NYC's system is considered the best in the US in terms of coverage
@@mohammedsarker5756 Whatever it is, the current situation in NYC is a major mess. Just cleaning up the housing rental market is going to take a massive amount of work, especially when studio apartments in and near Manhattan have monthly rentals of US$3,500 per month to start.
The cheque i cut the government on my propertirs and kinvestments are seriously eating into my project bufgets. It would hurt less if I received value for my taxes but healthcare still isn't cheap, my children's college tuition costs a small fortune, and my husband and I still have retirement to plan for. Right now the only solutioniwe see is to scale up my profits and with our limited knowledge, we are at a loss on how to do that.
not their fault, the IRS seems to be more of a bookkeeper for the government than the reason for the high tax rates. As for the stock market, even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
Profits from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional passive income in addition to dividends, you will be able to pay for college and still retire like royalty. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than “$600K” in dividend stocks through my asset manager and will continue to do so until the price falls even further.Read more
I’ve been filling ripped off since I first started paying income tax on my assets kn 2018. I planned to do more research and increase my earnings but I got lazy and forgot. So now its time to stop being stubborn and. Ask for help. Can you tell me where to get answers?
Her name is “Sonya lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Completely separating where people live And where people work was a completely stupid decision.
And guess which industry benefits form that. Ford and the car industry corrupted our city building infrastructure that only caters to cars. Now the suburbia everywhere cost more to maintain then they pay in taxes.
Maybe. When 97% of the population worked on a farm, it made sense to live right there. But if a lot of people in cities are working in a smelly, noisy factory, it kinda makes sense for health and comfort reasons to separate work and home. These days most cities don't have a ton of heavy industry anymore, so the separation doesn't make the same sense.
@@crusherven your right it doesn’t make sense to have some industries next to where people live. But there is no reason we can’t have office space, restaurants, groceries all intermingled with each other. There is no reason why we need separate areas for all these things. There is no reason why people should have to drive to all these places.
@@jeffreystanley4991they have that in China and as a result their mental health is garbage. Imagine living where you work. That’d be terrible.
@@crusherven In Europe they have restaurants, offices and stores next to housing.
That's why taxes need to be spent more wisely. Unfortunately policy makers don't understand that.
It's not policy makers, we reward spending with votes.
Neither are true. Taxes are not what is running this country anymore. It's debt.
Votes aren't rewards. Your vote is meaningless when someone can buy the politician.
Edit: Read, "Inequality and Democratic Responsiveness: Who Gets What They Want from Government?" by Martin Gilens.
@@neon75105 oh yea you big smart declaring "votes don't matter".
@@AL-lh2ht Here, read the following:
www.princeton.edu/~mgilens/idr.pdf
It’s not their money 🤷♀️
Because we keep fighting wars and funding other countries while neglecting ours….
Politicians are even wearing Ukraine flag pins.
Brazen.
Your city taxes aren’t funding the military. What’s happening is these cities have become unaffordable to the working class, so they either leave, or become what is known as “homeless.” That’s why some states have decided that cars should be included as part of your annual property tax. You’re working full time, but can only afford to live in your car, so tax the car.
Preach exactly 👍
Bingo.
Exactly and not even checking your own backyard: China owns 80% of the farmland in USA
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Biden is worst thing that happened to us
TRUMP 2024
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
ONE WORD: CORRUPTION
The writing is on the wall 🧱
Single-party Democrat cities have a revolving door of dirty politicians who select companies owned by friends and family to manage all of their city services for like the homeless, streets, garbage etc. San Francisco sidewalk cleaners (who just pressure wash the sidewalks) earn over $100,000 per year! Just to spray sidewalks! This is why they will never fix homelessness - because they make too much money from it.
Sending money to other countries doesn’t help.
true or soros deep state agenda
I think New York City treats corruption the way drug dealers treat seizure of shipments retailers treat theft and suppliers treat damage.
It's built into their "business" model. Drug dealers assume 10% of what they ship will get seized. Retailers assume 10% of what they have in stock will be stolen. Companies assume 10% of product gets lost due to damage or other means. It's built into the price of everything.
I don't know what New York City takes corruption to account as a percentage, but let's say it's 10%. That is a huge amount of money and probably acceptable. I'm not saying it's acceptable to the average citizen or me or you but in the grand scheme of things it's acceptable. You also have to assume that at least 10% of police officers are on the take. Don't get me wrong I like the police but you just have to accept reality.
My city had a council race two years ago that I reached out to a candidate about. I asked him about some questions about how city taxes were collected and how different policies would affect this, his response was that he was interested in learning more about this. What I'm trying to say is that he was completely uneducated on how cities work. The problem is that too many people don't know how cities operate.
Salaries for these idiots is way too high. They also spend money like drunken sailors. IMO
I see work crews all the time. 5 workers with 2 actually working.
Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150,000 to outperform the market this year?
Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.
Very true. Despite having no prior investing knowledge, I started investing after the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
The popular lady Melissa Jean Talingdan comes to mind. You'd find her basic info. on the web to set up appointment as she offers free consultations.
nobody can afford stuff anymore. Everything 30% more expensive, but nobody got a 30% raise.
Stay guided and blessed in all your endeavors. The Government and the banks aren't to be trusted anymore following the reason most banks are closing down causing many to end up as victims of the ongoing crisis and bank collapse We are all recommended to switch to the New financial system QFS.i have a great insight on free courses that will open our eye and mind to saving,investing, even withdrawing more then 50% daily and the Humanitarian Project.
"Strong Towns" episodes on youtube have been flagging this for a very long time.
Dense housing = Good for pretty much everything
cities want to burrow more and more then bankruptcy....its smart...once in your in over your head go all the way and milk it
Where can i watch this show
@@floridaman7 the channel is called strong towns on youtube. Not just bikes also made a playlist based on their research.
/watch?v=fzETR5rkdd0&list=PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa
Just search "Strong Towns playlist"
You will get a playlist created by another youtuber called "not just bikes".
I feel like we are going into a Great Depression not even a Great Recession anymore
You are definitely not far off. People keep underestimating how bad off we are doing. The Fed isn’t even going to cut interest rates until March of next year now, Russia just pulled out Billions out of JPMorgan. Banks are falling, and will continue to fall. This government has had the wrong idea. Thinking they can tax us to death, print money endlessly, and they’ll be fine. It’s like living beyond your means without planning for maintenance needs, insurance needs, it’s all tumbling down. A lot of people will suffer, but honestly, it needs to happen, especially to the elite and big banks. They need a reality check.
That is what a lot of experts are saying. I hope they are wrong.
Tell that to illegal immigrants who are eating 3x a day with free medicare.
@@elonever.2.071 We're 5 years away from the Great Depression's 100th anniversary so they just might. Yes. There are countermeasures and safeguards that were created from the Great Depression's aftermath, but it doesn't mean they'll fully stop the next economic crisis on a depression level.
@@darkmagician2521 some of those safeguards were removed during the clinton and reagan administrations, which has caused a lot of the economic hardships we have had today.
reaganomics has had a detrimental impact on the middle classes ability to survive a great depression, the middle class themselves has been shrinking drastically since the 1980s, the way we build homes also has a impact. on top of this, Clinton removed safeguards prohibiting banks from issuing mortgages to subprime borrowers, which is what basically caused the 08 housing market crash that almost lead to a even worse outcome than the great depression: a total economic shutdown.
New York acts like a kid with a 450 credit score trying to get approved for a Dodge Hellcat 😂
Precisely 💯💯💯
....act like a college kids who want the "college experience" at expensive universities and go into debt for it. Maybe Biden will do the loan forgiveness with NY.
lol what are you talking about NYC has an AA credit rating
@@thezenarcher😂
plus they know as long as the cities keep voting democrat they'll get bailed out by the federal government.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please can you leave the info of your invstment analyst here? I need such luck
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
The amazing thing, maybe terrifying, is this is just the large cities. Mid and small towns around the country are crumbling at an alarming rate, burdening with large debts and less income coming in. The amount of states/cities being propped up by the federal government is staggering.
My hometown in Arkansas looks worse and worse every year with infrastructure deteriorating to a scary level. It was revealed a few years ago nearly 40% of the cities budget was supplimented by the federal government. If that ever stopped I cant imagine what would happen.
As someone who also grew up in a small town in the South, I noticed this too. I highly recommend taking a look at Strong Towns. It's a non-profit that analyzes and provides ideas for how to make cities financially solvent again.
I'm from Helena-West Helena, AR. Same issues going on there as well!!!!
Low density, strong services, low taxes. Pick two.
Why are they taking funds from FG when they keep voting republican Politicians who cant govern or bad with economics? Isn't that socialism as they always claim?...
I thought I was the only one that could now visit 30 ghost towns IN THE UNITED STATES of AMERICA hell you could shoot 2 more WALKING DEAD APOCALYPTIC shows in those towns...🤷♂🤷♂ man that's sad all this leave a beautiful place like Europe trust me it's BEAUTIFUL only to land then get into conflict with the natives and those brought over as help like to come here and let the whole thing go up in SMOKE literally like one of these towns could just go POOF and no one would know!!!! Makes not a lick of sense when you think about it. Smdh!!!
Look who’s running those cities.
That's a decades problem for all of those places..
Let me guess.
The political party that supported slavery?
it doesnt matter who runs it with to many citizens are poor so tax revenues are low. THINK
Yup, and all with D’s in front of their names.. it’s so sad to see
"Cities."
Irresponsible governance, excessive pensions, waste, fraud, poor planning, the list goes on.
And illegals, nobody wants to tell the truth.
I jus posted the exact same thing
Very poor planning. Common American L
My main worry, given the current rate of inflation,my focusis how to increase my $300k reserve, which has been sitting stagnant for a very long time with little to no gains. I understand the long-term strategy, but since my savings are being eaten up by inflation and my portfolio is losing value every day, I need to find a solution quickly.
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
The concept of a portfolio manager may seem contentious to some, yet since the pandemic, the number of portfolio managers has increased by over 41.8 percent, and their skill sets are excellent. In just eighteen months, I have amassed almost $400k from a stagnating $150K portfolio devoid of dividend equities at the beginning. These traders deal in large quantities.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
This is what happens when it overspends. No accountability for irresponsible budgeting is what lead us here
Both parties have done this for decades, but they like to play the blame game.
@@gideondejongh838Isn’t it time to have at least have a third party to balance the power like our government?
@@matthewlam9416 A three-way battle to see who can brainwash the people the most? As a monarchist, I say it would not change anything since there is no accountability and the plebs worship ideology. Now if people would stop denying reality now that would be a step in the right direction.
COMPANIES ARE’T RAISES WAGES!!!
This is CAPITALISM! If the PEOPLE have less money, how can businesses thrive?
@@KASLtjawhat is that has to do with irresponsible spending?
*So 60 years ago, there were NO INCOME TAXES*
No property taxes
and almost no SALES TAX.
How did these cities surive back then?!
Over expenditure to the entitled people- simple. Plus masses of wastage and inefficiency.
By not providing any basic services. You had horse faeces piling 3 feet high on every street and rotten cow carcases clogging the rivers.
@@justicedemocrat9357 You make my point. Cities had to contend with dead cow carcases and horse faeces back then and back then there was no 3% city tax nor property taxes nor sales taxes. Again, get rids of all those taxes and let the feds fix state and local issues.
That was before the public sector unions took hold.
@@daroofa You mean Police Unions and their crazy, expensive pensions and lawsuits??
Maybe we don't give billions to billionaires to fund vanity stadium projects, and we force cops to pay for their own insurance bailouts when they do something to get the city sued as a start.
Or illegals, foreign countries, etc.
@@Max-qi3hg Nah so many studies by economist has shown that sport stadium are not worth the investment. They in fact do not bring in more money than the cost of the stadiums. Time and time again that notion of a sports team generating tons of money for the city has been proven wrong.
Better yet, don't have those cops, am I right? /s
@@Max-qi3hgStadiums do when they take up a huge section of high value land that could be more financially productive or provide housing. They're also often surrounded by parking lots (at least in the U.S.) and artificially spread destinations in the city, meaning the municipal government has to fund more roads, build and maintain more pipes, cover a larger area with public emergency services, etc.
You're quite quick to give your opinion to each and every comment without stopping to think about how complex it is to design and fund a city...
Uhh those things create jobs which in turn create more.
Everyone in charge needs to be pulled out. We need a major investigation and ultimately a restart
The 10 worst cities mayor's are BLACK, WTF⁉️
Yes. This country is completely failing. We need a huge redo
No re-election of incumbents for at least three election cycles. An independent forensic accounting of every federal, state, and local government department to ferret out the waste, fraud, and corruption. #CleanHouse #NoIncumbents
Our pensions are "fiscally sound"...
Next sentence:
80% funded
... 😂
Funding levels by the US Postal Service is about four times that , by design.
And Municipal Pension Funds have been targeted by Wall Street speculators , to bankroll their acquisitions , for decades.
NO doubt lol.. we have actuarial laws up here that pensions must be at least 95% funded
Lies again? Stop Lying Men Grab Food
who would have known.. government lies?!
It is honestly crazy how incompetence is allowed to stay. If this wasn't the government but a private business these people would have been fired long ago and be replaced with someone who does deliver work that meets the mandates set by policy. It is because of their incompetence that regular citizens now have to suffer and somehow this has 0 repercussions to the people who failed their oath to the people and their mandates. Better yet they probably get a pay raise or promotion instead :| Then you wonder why most cities are turning into a debt bubble that WILL implode at some point.
If politicians behaved in private business like they do in government, the vast majority would be convicted of numerous crimes.
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance
Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.
I see no other way to maneuver steady profit and steer off losses in this current market except by advisory management, mind if I look up the person guiding you please? I'm in dire need of portfolio reallocation ?
I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?
"Kristin Amber Landis" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Anytime i went broke in simcity i just took out 3 high interest loans
feel the sudden urge to play sim city 3000 again
You mean, every time you went broke, you were able to get financing to go broke again ?
SimCity 4 vibes right now. I would do the same thing 🤣, or do the side missions (crooked stuff) to keep the balance afloat. Lol
they are just telling us how bad its becoming without pushing action to change it and incrementally we throw our hands up and just accept the new norm. its like they are preping us for these changes and before you know it we dont realize we accepted them overtime.
As with the Iraq War.
We gasped at the atrocities for 5 years, now civilian drone-kiling isn't even controversial.
Your credit score drops because you don't have enough debt but also debt is bad!? Okay, what!?
Freedom is slavery, war is peace ignorance is knowledge.
The system is designed to create debt slaves.
It drops with your debt ratio (how much you are utilizing) not absolute debt. So you should keep that well below 10%. You just need to be careful of how quickly you ramp up credit.
It also depends on who you are and what you are.
@@psychic1999who thinks this is a workable system? This is the worst thing I’ve ever heard it’s ridiculously immoral and lacks any societal benefit, your economy is entirely a scam
NY is full of billionaires and property prices skyrocketing, but politicians don't know how to fix the debt 😂
The billionaires will simply just leave if you tax them into oblivion. Slowly raising them for higher income is the way. They SHOULD be rising though
@@racingbeats1493 No they wont. New york is where all the money is, and New York already had high taxes and it still has the most Billionaires.
@@holmbergaudio As if we have too many public services.. clown
@@philipdillon83when the city is malfunctioning, crime ridden, dirty, dangerous and expensive will their employees still want to live and work in NY? How's that working out for San Francisco?
@@philipdillon83 There are other alternatives to NY. Saying that a billionaire can't move from NY and have the same success in many different areas is a bit delusional imo. Also the reason they're still there is because NYS did exactly what I just said and slowly raised rates.
This video never explained why city revenues are falling.
Tax cuts or failure to increase taxes with increased spending... Obvious
i.e., crime and corruption.
@@growtocycle6992you forgot high earning ( tax paying ) businesses leaving NYC since the summer of 'love' 2020 like rats a sinking ship.
TH-camrs Louis Rossman and Cash Jordan have chronicled NYC's downfall.
They even have an exit tax to prevent you from leaving , NYC is nothing but a bunch of corrupt crooks who are indistinguishable from the mob.
People moving out of cities.
People not spending money in cities due to higher city sales tax rates.
People not going into cities on weekends.
Higher crime rates & higher insurance rates in cities.
Tax payers are leaving because of crime and high taxes
love to see corruption not on this list. thats the root of alot of our issues but no one ever talks about.
Absolutely right
Corruption is like 1% of the problem. Completely over blown
You wish. it's incompetence more than anything
@@Beselfishprettyplease Let's call it what it is, stupidity!
@@badpuppy3Corruption is a huge part. There are laws created and social behaviors allowed to tank they economy. Look at how much blue cities are prioritizing illegal aliens over taxpaying citizens. Look at the homeless industrial complex in LA and San Francisco alone. There was an article that said that California mismanaged $24 billion in funds to fix the homelessness problem. But there are non profit workers getting paid a quarter million dollars a pop. Why would they want to stop or fix this problem when it’s making them money. Two people recently were arrested recently spending part of those funds renting a lavish house in Beverly Hills and spending on luxury cars and dinners. Corruption and greed, incentivizing poor behavior and poor work ethic, protecting criminals, over regulation, and overspending are huge problems with specially in San Fran, NYC, LA, and Chicago.
95 billion to another country vs being spent in America
For 5 bln we could've had a southern wall that would've at least been a start to controlling immigration but remember that cost too much. 🙄
@@rector0455I’d rather have immigrants than you, why would I fund a wall?
@@HiDefHDMusic because now you're paying to house and feed strangers indefinitely
@@sneeeeeeeeeeeeeeeeeeeeeeeeed yeah I do that anyway for rich people and that hasn’t done anyone any good ever
@@HiDefHDMusic I'd rather you have received a functional command of the English language in school, unfortunately, that's not what happened.
To answer your question though, you should support the wall because curbing illegal immigration will increase demand for American labor, which means an organic rise in wages for American workers rather than these idiotic, inflation-exacerbating minimum wage hikes every few years, it would further inhibit the flow of illegal drugs and human trafficking, as well as have a positive effect reducing the levels of crime on our streets, mitigate the housing shortage and benefit national security.
The better question is, why the hell wouldn't you support it unless you want more inflation, more crime, more illegal drugs, further depressed wages etc.? I can only think of two explanations... Either you hate this country and want to see it destroyed, or you've been programmed via the idiot box by people with those goals and lack the capacity to dispel these insidious notions on your own.
We have never had so many Politicians who don't work for the people but work for the sponsors who put them in office
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
@@luckyloonie1359 Their masters install incompetent people intentionally because they are easy to control. They're not smart and follow orders.
[slurps up the last little bit of juice from a cup]
Guys... Why is this empty?
😂😂😂😂
“Don’t worry, we’ll tell you why it’s empty while slurping another cup dry.”
@@jimshaw734 yummy 😋...
Getting off the gold standard was the worst idea ever
I would add the income tax and universal suffrage as well.
true, at least gold somewhat limited the government spending
Uh yep, and every country that drank that kool-Aid is finding that out the hard way right now.
Except the gold standard didn't work. Thats why we left it. There was not enough gold to run this or any other economy properly.
@@davidhill850 gold standard works fine for any economy, it doesn't make sense that there isn't enough gold... you can just reduce the prices of things relative to gold, when economy grows the prices of things get cheaper. The reason why they left it because they printed way more dollars than they had gold, so they had no choice to leave gold
Lots of permanent programs started with temporary funds. My city seems to only add programs. For some reason they have a hard time scaling back or removing services that are no longer needed. They have blown through the pandemic money after using it to plug budget shortfalls and continue to raise taxes. Now, the new hustle is too overvalue your home to levy more property taxes. People are getting hit with $100k increased assessments in a year and they've done nothing to the hone and no new development is in the area. Smh.
NGO industrial complex has taken over most countries across Canada, Western Europe and the United States. Its these days one of the largest employers often getting billions in govt support. Like most things NGOS want problems to continue to make money to cover their wages, executive compensation packages, and health benefits. You also have many politicians and their families making money indirectly from these programs to avoid accusations of corruption.
@@guardianoffire8814 you get it. We need to crack down on corrupt NGOs, rebuild state capacity and implement upzonings/densification as well as a land value tax
Jesus it’s not NGOs or George Soros. It’s literally American Rescue Plan Act getting spent before they lose it all. Sorry I don’t have a more interesting conspiracy theory answer to keep you engaged. The truth is really boring I hate to tell ya.
They do this to keep paying the people they hired even though they are no longer needed!! It a Democrat thing!!! If they keep these people dependent on the Government jobs they will continue to vote Democrat! If these people are forced to actually earn their money by providing a service or producing a product they learn the lessons that Capitalism teaches them!!
that's how government works, once they implement something ,you can't get rid of it anymore. It's in their best interest to keep the program going because otherwise they would have to find another job
One thing you will never hear from something like this is how those cities are also destroying their revenue by driving small businesses away.
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
They are going broke because of corruption. The bidding process does not encourage competition and instead rewards the projects to friends of politicians. I have worked on projects in the suburbs and in the city and the mark up for work in the city is INSANE and the quality is not better.
Problem with asset cost inflation is that it increases the cost to maintain it as well.
The cost of everything rises making it harder to hold.
The super rich want you to give cobtrol to a super rich asset holder
@@JaceFalcon Most poor people pay zero taxes in USA while using my taxes money for roads, schools for their moron kids, and more services they use, but dont pay. Want to bet on that ?
I think there is real fear right now of a large city going financially under like what nearly happened to New York City in the 1970's. That's the type of disaster that could devastate the US economy in very short order.
NYC and these other sanctuary cities ruined themselves with border jumpers and lax laws. Who wants to live or be a tourist in places like that.
It would be devastating for the mob that controls N.Y. but not for everyone else. Nothing there that can’t be produced or carried on in a more fiscally responsible area.
Democrat leadership has never worked well.
The problem is the system:
A mayor with 4 year mayoralty can spend financed with debt to be payed in 10 years.
They spent to buy votes and leave before they have to pay the bill. Leaving the problem to the next. The problem accumulates until it is unsustainable.
That's what Biden's been doing.
SF has a huge spending problem. They assumed that tech boom will always be there, overestimated their income, and fail to control costs. They proposed $1.7 million for a bathroom in Noe Valley, which ended up around $300K in the end but a great example of now bad their spending is.
My city recently put up a ballot measure to create a new unfunded liability in policing. A few years later, the city council approved a new payroll tax and people were furious, defeating the tax at the ballot box. Since then, the public library has gone to 5 days a week and many of the community programs in the park have been canceled for lack of funding.
Of all the people i talk to about the end of these programs, i always try to remind them "everyone votes down a funding measure, then complains when their services stop."
Californian's voted yes on the increase taxes and look what happened. Services have reduced and many public transportation with high demand got eliminated.
@@WhoCares-ml9fg That's because the businesses ran away to avoid responsibility for their actions.
When the poor hold the wealthy accountable. The wealthy flee as they always have immemorial.
Once the same happens in Texas when people demand that their power grid be weather hardened (so they don't freeze again).
Same game will repeat. It's pathetic really.
Who the hell goes to libraries these days? My town just spent $20 mills to build one, raised property taxes and the new library sits empty like the old one did for years! Fixing potholes instead? Nope!
@@WhoCares-ml9fg When business leaves to avoid paying taxes on those services. It's no surprise. Avoiding accountability at its finest. (Thanks for removing my more in-depth reply but still showing it in my history. YT thinks I can't tell. >I can.
There shouldn't be a public library or community programs in the park, if you are not that well off. These are non-essentials
Ukraine, Israel and Taiwan apparently need our funds more.
Taiwan absolutely yes. We need their semiconductors. Ukraine and Israel? I don't know what they really offer especially Israel and our strange obsession with doomsday.
Very True. NO MORE SPENDING ANYWHERE BUT HERE
Cheaper in the long run to keep your allies strong then to lose them for good.
@@retro527 Ukraine is a major wheat exporter. Its wheat export is incredibly important to northern African countries, and if that is disrupted and a bunch of North Africans go hungry, where do you you think they're gonna flee to? Not to mention that Russian aggression westward puts the Europeans on edge, and in that case they're less likely to buy luxury goods like iPhones and Teslas costing American jobs.
Israel is a MAJOR US ally in the Middle East. It's like the FBI having a snitch the 'hood to know what tf is going on. Losing Israel is NOT an option. Israel itself also a provider high-tech services especially cybersecurity.
To say that Ukraine and Israel are not important is shortsighted. Instability costs a lot of money and you either spend some money to plug the hole now or spend A LOT more money later on to clean up the mess.
@@retro527 Israel is our only ally in the Middle East and Ukraine is a cash cow in the making for a rebuild if they win the war.
The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
I think SVB was attempting to restructure their bond holdings. Yes, they would lose money if they sold their low-yield bonds. However, they were attempting to make up for it by repurchasing bonds on the open market at the higher interest rate.
The SVB scenario warns that the effects of the Fed's rate hikes are still being felt, despite the economy's so far successful resilience. Investors need to be cautious about the upcoming inevitable in situations like these. I'll suggest hiring a financial advisor because you don't have to act on every forecast. For a time, I've been using this as my backup strategy.
Would you please let me know how I might use their service to get in touch with this particular advisor? You seem to know everything, unlike the rest of us.
Melissa Terri Swayne a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Can’t pay bills now, how could they pay back the bonds later, with interest!!
People say debt is the way to build wealth but more often you're just delaying bankruptcy.
@@DefinitelyNotRin ...lol. it is literally what billionaires/millionaires do. keep cash under your bed and you are guaranteed to be poor.
US can print dollars like no nation on earth. Need to use printing machine
Cyprus Bail In coming to America soon.
You owe it to your country for letting welfare recipient government run your finances.
This is why I vote NO on all bonds...
I’m 22. Why am I expected to spend the rest of my life paying for the Boomer’s party. Also, why do they keep on raising more money or taxes rather than cutting costs
"You'll own nothing and be happy" ~ World Economic Forum
As a commercial property manager, this view is only a part of the story. Downtown cores are suffering because work is changing. Downtown cores are places of work and offices. But accessing a downtown core is expensive and typically companies look to have offices in a downtown core for reasons that are more or less no longer valid. We can see this in the falling value of commercial real estate. Downtown cores must change their core purpose from work to living. Residential is the future for downtown cores. But, that is not going to be as valuable. Largely, officials are in denial about this. This lack of recognition of the main driver of the decline is unlikely to be accepted and that will cause a further decline in the value of city cores. The future for downtown cores is not looking good. And I don't think it will get better.
And not every office building is suitable for repurposing.
The are floor plates that do not lend too well to be rearranged on viable housing units.
And then some buildings are costly to,operate as is. When parsed amongst residential tenants , the cost structure make residential units unaffordable.
The issue is Single Use Zoning. Our whole concept of CBD - Central Business District leads to a lack of diversification which means these areas are less resilient in the face of decline of their one use. European cities don’t have this problem because they have mixed use across the entire city.
One other issue aside from repurposing is who desires living in the downtown core? If the housing is too affordable then you get lots of poor people which leads to terrible schools and higher crime. If it’s higher end housing then you get higher end, childless young professionals but also a large amount of vacant units as it’s often more beneficial to leave surplus units empty than rent to poor people. What I think we’re going to see is more amenities shift to suburbs or other far flung parts of the metro areas along with some downsizing of corporate office space in the CBDs. It’s going to be painful for many of these cities.
@@ZeusAVI So far I think it's been a status thing. As in, it's prestigious to live in a downtown core.
But, more in support of what you're saying, will downtown cores continue to hold status? Who else prefers living in downtown cores? Drug addicts and the homeless.
I think you're right about a shift in focus to suburbs. But also I think we'll see "micro cores" develop. Areas where we have a small collection of high-rise towers in previously suburban areas, and those smaller cores which are developed exclusively for residential, will be the new desirable areas.
A huge problem is the fake and inflated property values in NYC
The real estate industry has been getting away with this for years. Also Bloomy's bird brain idea to give his buddies 30 year tax free breaks for building a buildimg or making a business.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V
Thanks to Mrs Deborah Davis.
She's a licensed broker here in the states
I'm 37 and have been looking for a way to be successful, please how do i archive that?
It's not just the US. All over the world... every city, every country is a house of cards. All we can do hope that it doesn't collapse in our lifetime, because it's not “if” but “when”.
Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. I want to spread across $400k into profit yielding dividend equities but unsure of which to get into
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.
Please educate me, i'm willing to make consultations to improve my situation,
@DanielFerreira596 Thanks a lot for this. I'lll check her out right away.
This recommendation is coming at the right time because i am literally grasping for straws atm! I verified her online and scheduled a phone call with her.
It's a miracle and I would testify, 110k bucks
every 2weeks! I now have a big mansion and can now afford anything and also support God's work and the church
Is called corruption
ding-ding....
No it's the people in charge in the US government stop blaming businesses and blame the main issue that is using our taxpayer dollars ill responsibly
Seriously, what does that mean? It baffles me how many people blame everyone in government whilst barely knowing how their government works in the first place.
@@OmniCheeksss u haven’t seen the news lately about the city of Los Angeles corruption and racketeering?
Exactly!
The problem is that cities are building way too much of the sprawling development that costs the city more than it gives in taxes, and hardly any of the dense development that gives a lot more in taxes than it costs the city. To solve this problem and the housing crisis we need to legalize the construction of dense development in our urban areas and fund public transport which is way more cost effective than paying for roads.
Watch strong towns and not just bikes to get the answer.
Fantastic channels 🙌🏻 oh the urbanity and Second Thought are also great ones
Exactly
@@Northwest360 oh the Urbanity not really, never based on science just their feelings. If anything they do more harm than good.
@@buddy1155I like the content on the missing middle housing. Can’t wait to visit Montreal because of it
👀
If y'all think this is strictly an American problem, you're kidding yourself. This is happening worldwide.
And a lot stems back to the covid lockdowns
Actually no it isn't....
The Swiss , Netherlands, Saudi Arabia, Iran, and Taiwan all live on surplus money.
@@noneshereActually yeah it is...I know it happens in the UK, Canada, Spain, Italy, Portugal, Australia.
Debt is the reason why Dubai went bankrupt in '08 and had to get bailed out by Abu Dhabi. So don't act like debt doesn't exist in the jurisdictions you mentioned.
@@Krynale Lol, I'm Australian and I know damn well we don't have these issues, nice try but it IS soley an American thing, believe me😉
@@WinahhTaylahh I'm in Montreal, Canada and we have similar issues with infrastructure and transit system as the USA. So no it's not strictly an American problem, I have yet to see a major city in the world not offering bonds (debt) to finance itself, but nice try though.
Government is fiscally irresponsible. They don't care about efficiency and squander taxpayer's money without abandon. That's why there need to be laws that prohibit state governments from going into debt to fund services.
That needs to happen at a federal level.
Charles Marohn Jr of Strong Towns has been talking about this subject since the 2010s. Major infrastructure projects lack substance in ROI, politically favourable decisions are made without economic considerations, and long-term outlooks. Most of North American cities are extremely overleveraged, and are ticking financial timebombs
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
Not a word about upzoning economically unsustainable low density areas. Not a good look, CNBC
American incomes are very, very high. This allows us to pay for inefficient low density systems, even if it means paying federal taxes that are then used to bail out failing suburbs.
Not a word about the corruption too . Obviously it does not exist .
OMG no one cares about upzoning stop crying about upzoning.
It's become so expensive to live in these places that tax payers are leaving I bet. Seems the uber poor can live there due to the benefits big cities provide, the uber rich can live there because they are rich, yet the middle, they always need to leave by the time they his child having age. So you lose that tax income.
>Why U.S. Cities Are Going Broke
Progressive policies to start...
yea the policies that fuel mindless suburban sprawl
Those are progressive?
@@gregoryturk1275 That's what they call it. A more accurate term is "regressive".
big bloated governments, public services, welfare and you get bankrupt cities. Need to go back to capitalism because that used to work better
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
Building big stadiums that taxpayers take most of the cost of building and maintenance probably doesn't help. Especially while the billionaire who spearheaded the project pays only the small portion of the building and maintenance costs but gets most of the profit. The roles should really be reversed...
But yea, a lot of the stadiums that were built back in 2010s are going to bite the cities in the ass later in this decade if it hasn't happened already for some of them.😒
Clearly, this debt based economic system is not working.
Everywhere you look, extreme debt, debt, and more debt!
Isn't it about time to throw in the towel and come up with something that makes a lot more sense? 🤔
The status quo is not sustainable!
My thoughts exactly. The entire system created in the early 1900s appeared to work because it was Ponzi scheme predicated on debt. The system is not sustainable
This debt based economic system has lifted billions of people out of poverty so stop crying you have no idea what you're babbling about.
@@justicedemocrat9357 And what happens when there aren't enough taxpayers left to fund the debt?
The people being kept afloat by debt will starve.
@@justicedemocrat9357 maybe don't accuse people of "babbling about" when your comment lacks any kind of substance.
But of course your nickname says it all...
@@justicedemocrat9357found the ponze lover
At the end of the day, anything thats not backed by gold is all a Big A$$ ponzi scheme 😅😂😅😂
What about crypto?
LMAO.
It could be backed with the Nation's GDP, natural resources and other assets. Which would create an incentive to produce here at home.
corruption, waste, fraud, incompetence, mismanagement
LOL at NBC listing the mayor of Chicago as "Brandon Scott"
Chicago wishes it had a mayor as inconsequential as Brandon Scott. At least he doesn't break things.
@@josephfisher426 no because he is blakc
Let's go Brandon!
If you're curious about your own city, see if you can find their budget. My mayor makes a lot of money, and this year she wants to give herself a raise. The difference in the raise is more than the average wage in my state. They're stealing from us to buy second houses and third cars.
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
Canadian cities going broke here too. We can't afford to clear the snow off the streets in the winter or cut the grass in the summer. Raising our property taxes 10%
Trudeau is fixin' it for ya!
This is what happens when you stop to think for yourself.
This sounds like Edmonton
But they just approved $ 90 million to give to radical groups that support pedophilia
Taxation is stealing money from the citizens.
Lazy corrupt politicians raise taxes
When I was a stock broke in 2007/08 meltdown the municipal bonds in cook county were junk bonds.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
Could you kindly elaborate on the advisor's background and qualifications?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Elise Robinson for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, 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 e-mail shortly.
This migrant situation is out of control.
_Finally,_ a comment mentioning their totally ignoring that undeniable aspect of our economy. Thank you.
Nothing to do with migrant, so-called illegal aliens get all forms of taxes stolen becouse there made up S.S. number don't match there name, so the money gets stolen, its called the set-Assid or suspension fund, tens of billions held for mismatch, also the migrants claiming asylume are not allowed to work, asking for work, the response, you are not allowed to work, there tracked, so its not like illegal alien, most of them have been in the U.S. for years, most people today are claiming asylum its legal, but you do not get asylume for work, you must say you are in danger, get the money form the illegal alien slush fund in Washington and by the way few Mexicans are crossing the border illegally, not even legally migrating to the U.S.
@@poempadgett4664why would I care? I don’t want *you* here
Actually the democratic party is outta control. Hence why all those cities are democrat run
@@HiDefHDMusic go back, pedro
Start investing in the people instead of on businesses and businesses will develop organically, which will lead to a city succeeding. Politicians need to stop helping friends and start helping neighborhoods.
Maybe stop giving developers deals where their buildings pay no property taxes for the first 10-20 years
If you commit credit fraud targeting an adult you’re called a criminal.
But if you commit credit fraud targeting unborn children you’re called a politician 👍
Funny thing is the whole defrauding the unborn is basically what happened in China, and now they are in full scale panic to try to get women to have babies.
I thought they’d mention a major hit on municipalities revenue, office vacancy rates. Leads to reduced taxes.
This video said a whole bunch of nothing. I want to know where exactly all this money is going. And of course the first thing they want to cut is services for the public.
@mr.bigsquid8422 which ones?
Nate thank you for this righteous video 🏆👍🏻👏🏻👏🏻👏🏻
Not surprised by Houston, they have toll roads everywhere.
Hahahah the Chicago Mayor’s name is not “Brandon Scott” it’s Brandon Johnson.
Who cares.
@@jlam3927 No One! :)))❤️🚀🚀🚀
Dont believe this we are not broke, our economy is booming. My family own a consultancy firm as well as 3 apartments to rent in chicago. Business has been booming in the past 5 years. Labour is relatively cheap and if we want something tweak in the local law/s we just pay off a few people in the local government Our businesses has been so successful that we bought a small villa in Turkey annd my parents bought5 bedroom house just on the outskirt of Texas. I hope 2024 will be another successful year because i want to buy an apartment in Europe at somepoint in the next 2-3 years.
@@ghosthdel3098 How did the GDP look today? How is the PCE coming in tomorrow?
Let’s go Brandon
Brandon Scott??? Did CNBC have to cut spending too?
Do we really need this many parks to maintain in a country that is flat broke
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
She’s OLIVIA SULLIVAN FINANCIALS
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
She's definitely going to help you. All you have to do is look up her full name and reach out to her
Getting Olivia Sullivan to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made
Funny how they saw the Detroit Bankruptcy and thought, "Yeah, let's do that".
#Toronto🇨🇦 is also facing these huge problems with debt😔... Our politicians are incompetent and inconsistent with handling tax dollars💸... #TDBank🌎💘💰
On tonight's episode of "How can we blame the people for our f**k up?"
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
@@mikegarvey17this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Finding financial advisors like *Izella Annette Anderson* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
I’m not even a Business Major but CNBC always has interesting videos about business. Cannot stop watching them lately.
Third world status loading.
We’ve been here before it’s nothing new. Don’t be ignorant. You know nothing of how bad third world cities can get. We are soo much better off. Maybe not the best but certainly way up there with the amenities our cities offer.
@@portcybertryx222 Rest of the world is improving, while the West in their arrogance pretend things are still bad there while ignoring their own increasing internal problems. It's only bad due to endless Western military interference around the world.
Been getting high on that MAGA kool-aid huh?
@@portcybertryx222 Wtf you mean we?! All the people who worked hard to build America are dead, also the demographics have changed, it isn't the same aynmore. Lmfao
@Kongeriget_Danmarkbetter functioning cities with 100+%
Came to the comments for the @strongtowns and @NotJustBikes shout-outs!
Hell yeah, and we'll continue to fight the good fight until everyone gets it and we get a real shift in developing our cities and towns. We'll fight them in the town halls and the planning boards. We shall fight them at the ballot initiatives and city council meetings. We shall fight them on the beaches, and the fields and in the streets, and the... uh, yeah, something like that.
If you guys think you are going to fix the debt problem by banning cars , introducing separated bike lanes , LRT/trams , and forcing everyone into high density housing.............you got a lot to learn.
Maybe start growing out of your early 20s first.
@@tk80mufa5 You're super misinformed. It's about the freedom for mixed use neighborhoods to be be built -- not forcing you to live in one. This video by NJB really explains it well. OH, and I'm Gen X dude.
th-cam.com/video/bnKIVX968PQ/w-d-xo.html