Regarding the electronic gift card - be sure you provide the receivers correct email. Someone sent me an Amazon gift card by mistake. I called Amazon and ask how to return to sender. They did not have a process in place and said just keep the money. I was able to send a message to the sender thru the “thank you” feature. I did the right thing, I redeemed the $100 gift card to my Amazon account (made sure it was in my account), then I purchased a card using the correct email address the sender provided after I told what happened in the “thank you” feature. The sender was an 80 year old man who entered the wrong email address when doing the electronic gift card for his nephew.
@@nickfoleie2074yes you can! I mostly order dry foods like cookies or crackers but you can also get things like applesauce and dried sausages or things like that. You can also order from Whole Foods through Amazon but I don't know how that works cuz I've never done that yet
First, I wouldn't buy 'groceries' on Amazon; second, across the board, Amazon prices are almost always higher than elsewhere. Thanks to Clark, I have become much more aware of this and I always comparison shop now.
Just a note about our experience at Subaru recently. We purchased a gas powered car which went fine. My husband was talking to the guy about the Solterra which is an EV car. He said to never buy but to lease instead (they are losing $ on them). If the battery dies it's about 23K to replace the battery. Unbelievable. You might as well just stick with a gas car!
Generally, the average EV battery lasts 10 - 20 years. You will probably get another car by the time the battery wears out because the average length of car ownership is 8 years. 💚
@@Clarkmight want to look at that data. I have 2 neighbors that had to replace batteries on their EV cars that were around 4-5 year new. We are in FL and heat is excessive here. All the gas powered cars I've owned here over 25 years, always have to replace the battery exactly at the 2 year mark. I found it odd and paid close attention to it and yes..at the 24-26 max month mark, BAM. Dead battery.😮😮
I once rented a car for one day near my home in NY and got a flat less than two miles from the pick up location. I had purchased the insurance through the rental car company just for my own peace of mind. When I got the flat, I called the front desk of the rental car company and told them what happened. They called a tow truck for the car and got a ride back to the rental counter to pick up a different car. Since I had purchased the insurance, I wasn't charged a cent extra. I even got a free up grade of the car.
I learned two things I didn't know about from this great podcast. First, to make sure you don't allow a CD to rollover because you will get cheated by the bank. Second, if you rent a car and get a flat, have it fixed yourself. Do not take the rental car to a rental place to get the tire fixed or receive another vehicle to drive. You will pay big time for that tire repair through the car rental company. Thanks Clark for your wonderful finanicial tips.
Yes. Inflation is down and has been for a while. Price growth is more slow. Also look up the phrase “prices are sticky downward.” Learned it in high school economics. If I own a business and increased prices, if my customers have adjusted to the new higher prices, why would I decrease them when costs go down? I as the business owner would enjoy my new profit margins.
@@joepushman4171The cause of inflation is quantitative easing (money printing). Too many dollars chasing too few goods. It is essentially a tax on the middle class and a way to redistribute money to the wealthy. These decisions were made by politicians with socialist views, not by capitalists.
Yeah I didn’t get that memo on lower inflation either. Prices on everything from groceries to car insurance to gas to Resturant prices just seem to be the new order of business. Consumers are getting beat down by greed and higher employment costs. just start looking at some of the corporate profits. And you can’t really blame business if you raise prices and people still buy why should you ever lower the price.
Check the air pressures on rental car tires. Maintenance is usually poor and you may find the pressures well below manufacturer recommendations. That can lead to a flat tire or an accident. It can pay to bring a gauge with you on your trip.
Clark! You stink worse than a warehouse full of recalled cold cut meats. Under inflated tires give a softer ride, making car renters feel like they're getting the royal treatment. That's good because the lower gas mileage underinflated tires deliver will cost a prince's ransom in fuel ⛽️ charges. The gas stations near the airport are always a rip off too. But this situation is good for the stock market, so on it goes. I think these rental car strategy conversations are really addressing the wrong question. The right question is why is mass transit so poor and so limited, almost hidden at the airports, that everyplace you fly to, you're practically forced to rent a car as if you arrived on a space station and need an individual vehicle procured for you to escape it? RIP NASA. Didn't you just spend hours shoulder to shoulder with strangers on an airplane? Didn't you just trek 20 minutes to and from airport gates? Now, 20 minutes more riding a train into town and walking 5 minutes to the hotel is too much to endure, let alone ask for as being standard and convenient? The whole purpose of cities is to group things closely together so you can walk to most of them. If you need to roll 2 tons of steel and glass around just to be able to eat, your consumer strategy didn't fail, our civic society did. It is ridiculous that the world's richest country has some of the poorest surface transportation there is. I mean, the USA can get astronauts to and from the space station...oh wait a minute.
Clark always says to never, never, not EVER click on links in an email, but his newsletters are full of links that you are supposed to click on to read the full story! What’s up with that, Clark!? 😂 (If I see a story in the newsletter that piques my interest, I go to the website to read it.)
Never, never, never, not EVER click on links in an email from an unknown source. If you signed up for a newsletter or email list from a trusted source, those links are safe to click. 💚
My homeowners insurance increased from $2,000 a year to $3,600 a year. Everything is going up in price. I don’t live near the water either. I don’t live in Florida either.
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
17:02 Annuity agent / salesman advised, off the record, that instead of buying deferred annuity now(earlier age) to BEGIN payments age 80 -- instead -- better to keep the assets UNTIL age 79/80 and buy immediate annuity that payments begin right away. 1. Keep in control of the money that you may need for emergencies, etc 2. Less time for the insurance company to run into problems both during accumulation years they are investing it and during the payout years; (remember annuity is not insured); shorter remaining lifespan 3.No risk of dying before payments even begin; essentially losing 100%. (insider perspective; if they were to get one!)
"We are in historically extremely low tax rates in the United States. We're running budget deficits that are not sustainable...And at some point we're either going to have to reduce what we spend to the point where it hurts or we're going to have to...go to more historical tax rates." 2526
Clark you can state the numbers about inflation but gas is still up food is still up 25% insurance is still up nothing has come down with your numbers so it doesn’t matter what you state the reality is nothing is changed if only got worse
Comment about buying from AliExpress - if you have to return, they will refund your money and you don't have to ship back the return. Perhaps the shipping is too much to care? It did happen with Amazon too one time. Got a refund but didn't have to send it back. Was it a fluke?
RMDs on IRAs and 401ks at age 75? Did the law change AGAIN? I thought it is 72 now. And there are no taxes due on ROTH withdrawals after retirement age. I give you that the question is complex and more than a bit confusing but your answer is very confusing as well.
The only thing I pay by check is my rent. It used to be free to pay online, but now they want $3.50 service fee. It's not the fee, but the principal that keeps me from paying online. Your thoughts.
My 13 month CD was due to expire. Fine print said it would roll into a 12 month term at half the interest rate. Fortunately I noticed in time to intervene
@@retired8484at times I get better rates by going into my local bank or credit union At other times, I get better rates on my broker CDs at Schwab or Fidelity Total nonsense
Clark always makes me laugh when he has to talk about the rich possibly having to pay more. So it's always easier to say we need to cut our spending when we are about as low as we can get. I like him!😅
@@g.t.richardson6311 Nope, I like the brand new highways that are being constructed near me. Hundreds of Americans I get to see everyday, working on that new overpass interchange and the six new bridges being built right in my backyard. Makes me proud. That is what I pay taxes for. Want to cut something? Stop trying to take my social security check and give it to billionaires and corporations and make them pay their fair share of taxes. Stop corporate welfare, the head of the union at the RNC, shocked the audience when he started talking about corporate welfare. The audience was confused (they'd never heard the term) for about five minutes and warmed up to it. I laughed when I saw the face on anti-union JD Vance and Trump ('like who invited this guy'). I worked for an airline once where the average employee was making $10-$12 an hour, while the CEO was making $30 million. Ridiculous.
Inflation is higher than they report we all know it ! Maybe it has come down from ridiculous highs which they didn’t report. Inflation is still much higher than reported and we know it ! Thanks Howard for the good information!
I'll pick up my (local) tenant's rent in person, rather than ask them to send a personal check. It gives me a chance to check the exterior upkeep, and maybe some maintenance red flags. There are services that past tenants used, to cut a check to me without exposing their own account, but I don't know the price of these services. I'm not willing to give up most of the transaction fees (even at 1-2%) for any of the other digital services, since I often have a cause to be 'in the neighborhood' of my rentals, at least once a week.
Yes, I learned recently to never ever let a cd expire on its own. The rates are pathetic. Thankfully I was able to renew them at higher rates with just a small penalty.
Ours was set to expire on the 26th this month. We called them that day to have it sent to our savings account. You have a grace period (10 business days in this case). So, they had renewed it but they went ahead and transferred at our request.
The problem with the IRA question is that MAGI and IRMAA talk about your income. So, even though your earnings are never taxed, your earnings bump you over the limit to have to pay 2 or 3 times the amount for Medicare, as Clark was saying. The earnings are never taxed, but they impact your Medicare costs. Two years after the fact, and for both of you if you're married, for a year.
Regarding the electronic gift card - be sure you provide the receivers correct email. Someone sent me an Amazon gift card by mistake. I called Amazon and ask how to return to sender. They did not have a process in place and said just keep the money. I was able to send a message to the sender thru the “thank you” feature. I did the right thing, I redeemed the $100 gift card to my Amazon account (made sure it was in my account), then I purchased a card using the correct email address the sender provided after I told what happened in the “thank you” feature. The sender was an 80 year old man who entered the wrong email address when doing the electronic gift card for his nephew.
You have good karma. Accolades when the day of judgement comes.
Some of Amazons prices are ridiculously high compared to local grocery prices.
I'm so dumb I didn't even know you could get groceries from Amazon.
@@nickfoleie2074yes you can! I mostly order dry foods like cookies or crackers but you can also get things like applesauce and dried sausages or things like that. You can also order from Whole Foods through Amazon but I don't know how that works cuz I've never done that yet
@@nickfoleie2074 only if you live near a Whole Foods which is ridiculously high. I buy most of my groceries from Aldi.
First, I wouldn't buy 'groceries' on Amazon; second, across the board, Amazon prices are almost always higher than elsewhere. Thanks to Clark, I have become much more aware of this and I always comparison shop now.
@@lynfl9814 cool but "local grocery prices" would at least imply groceries.
Just a note about our experience at Subaru recently. We purchased a gas powered car which went fine. My husband was talking to the guy about the Solterra which is an EV car. He said to never buy but to lease instead (they are losing $ on them). If the battery dies it's about 23K to replace the battery. Unbelievable. You might as well just stick with a gas car!
Generally, the average EV battery lasts 10 - 20 years. You will probably get another car by the time the battery wears out because the average length of car ownership is 8 years. 💚
@@Clark People have been keeping cars longer lately and the average age of vehicles still on the road in the US is 12.6 years, a new record.
Not to mention a bad choice if you have any actual winter. Or do road trips.
@@Clarkmight want to look at that data. I have 2 neighbors that had to replace batteries on their EV cars that were around 4-5 year new. We are in FL and heat is excessive here. All the gas powered cars I've owned here over 25 years, always have to replace the battery exactly at the 2 year mark. I found it odd and paid close attention to it and yes..at the 24-26 max month mark, BAM. Dead battery.😮😮
I once rented a car for one day near my home in NY and got a flat less than two miles from the pick up location. I had purchased the insurance through the rental car company just for my own peace of mind. When I got the flat, I called the front desk of the rental car company and told them what happened. They called a tow truck for the car and got a ride back to the rental counter to pick up a different car. Since I had purchased the insurance, I wasn't charged a cent extra. I even got a free up grade of the car.
I learned two things I didn't know about from this great podcast. First, to make sure you don't allow a CD to rollover because you will get cheated by the bank. Second, if you rent a car and get a flat, have it fixed yourself. Do not take the rental car to a rental place to get the tire fixed or receive another vehicle to drive. You will pay big time for that tire repair through the car rental company. Thanks Clark for your wonderful finanicial tips.
Wrong lesson. The lesson is, do NOT buy CDs at a bank. Buy them from your brokerage and do nothing (Fidelity).
@@retired8484 💯 Hopefully by "bank," they didn't mean traditional banks. Buy your CD from online banks or brokerages. Overall great lessons! 💚
Really? If inflation is down, then someone forgot to tell the grocery store or gas pumps or (especially) the restaurants.
It’s been down, unfortunate side of capitalism. If they think they can make more off us. They will
Yes. Inflation is down and has been for a while. Price growth is more slow. Also look up the phrase “prices are sticky downward.” Learned it in high school economics. If I own a business and increased prices, if my customers have adjusted to the new higher prices, why would I decrease them when costs go down? I as the business owner would enjoy my new profit margins.
@@joepushman4171The cause of inflation is quantitative easing (money printing). Too many dollars chasing too few goods. It is essentially a tax on the middle class and a way to redistribute money to the wealthy. These decisions were made by politicians with socialist views, not by capitalists.
Greed
Yeah I didn’t get that memo on lower inflation either. Prices on everything from groceries to car insurance to gas to Resturant prices just seem to be the new order of business. Consumers are getting beat down by greed and higher employment costs. just start looking at some of the corporate profits. And you can’t really blame business if you raise prices and people still buy why should you ever lower the price.
Check the air pressures on rental car tires. Maintenance is usually poor and you may find the pressures well below manufacturer recommendations. That can lead to a flat tire or an accident. It can pay to bring a gauge with you on your trip.
Great tip, Clarkie! 🙌
Clark! You stink worse than a warehouse full of recalled cold cut meats.
Under inflated tires give a softer ride, making car renters feel like they're getting the royal treatment. That's good because the lower gas mileage underinflated tires deliver will cost a prince's ransom in fuel ⛽️ charges. The gas stations near the airport are always a rip off too. But this situation is good for the stock market, so on it goes.
I think these rental car strategy conversations are really addressing the wrong question. The right question is why is mass transit so poor and so limited, almost hidden at the airports, that everyplace you fly to, you're practically forced to rent a car as if you arrived on a space station and need an individual vehicle procured for you to escape it? RIP NASA.
Didn't you just spend hours shoulder to shoulder with strangers on an airplane? Didn't you just trek 20 minutes to and from airport gates? Now, 20 minutes more riding a train into town and walking 5 minutes to the hotel is too much to endure, let alone ask for as being standard and convenient?
The whole purpose of cities is to group things closely together so you can walk to most of them. If you need to roll 2 tons of steel and glass around just to be able to eat, your consumer strategy didn't fail, our civic society did.
It is ridiculous that the world's richest country has some of the poorest surface transportation there is. I mean, the USA can get astronauts to and from the space station...oh wait a minute.
@@austinmillbarge8731 I agree completely.
Raising tax rates on the rich actually decreases revenue. They will leave the country. We need to get rid of entitlements and stop funding wars.
My food,utilities,insurance and gas keeps going up and these 4 things are the only things that concern me so to say..hurray inflation is down is BS!
How to find out if financial institutions are going to reinvest your money in A CD or not? How to prevent it?
The callable CDs were paying 5.6%, but mine got called 90 days prior to the maturity dates. Otherwise, I did OK with returns above 5.25%
Great tip on the auto-renew. I wasn't going to let that happen, but I wasn't aware of that scam.
Clark always says to never, never, not EVER click on links in an email, but his newsletters are full of links that you are supposed to click on to read the full story! What’s up with that, Clark!? 😂 (If I see a story in the newsletter that piques my interest, I go to the website to read it.)
That's true.why u think they're pushing that " FREE newspaper" remember there's no free lunch. Its a trick.
Never, never, never, not EVER click on links in an email from an unknown source. If you signed up for a newsletter or email list from a trusted source, those links are safe to click. 💚
My homeowners insurance increased from $2,000 a year to $3,600 a year. Everything is going up in price. I don’t live near the water either. I don’t live in Florida either.
They can set up ACH to pay the rent
My bank has Zelle on its mobile app, but I have never used it. Am I still vulnerable to their shenanigans?
Yes, ask your bank to disable and detach it from your bank account. 💚
Yep!
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
Thank you for another interesting and informative video.
I don’t like 5 year cd’s nowadays. They tie up your money for a long time and the rates are not good enough.
CNN has an article about Zelle today. Democrats want to introduce legislation making it more secure.
17:02 Annuity agent / salesman advised, off the record, that instead of buying deferred annuity now(earlier age) to BEGIN payments age 80 -- instead -- better to keep the assets UNTIL age 79/80 and buy immediate annuity that payments begin right away. 1. Keep in control of the money that you may need for emergencies, etc 2. Less time for the insurance company to run into problems both during accumulation years they are investing it and during the payout years; (remember annuity is not insured); shorter remaining lifespan 3.No risk of dying before payments even begin; essentially losing 100%. (insider perspective; if they were to get one!)
My chase cd is up for renewal. You didn't do a good job explaining what to do as an alternative.
"We are in historically extremely low tax rates in the United States. We're running budget deficits that are not sustainable...And at some point we're either going to have to reduce what we spend to the point where it hurts or we're going to have to...go to more historical tax rates." 2526
Inflation in 2020 was 1.23% and in 2021 was 4.7% so not sure how 3% looks good
Circumstances were different, the economy was in a crisis due to Covid and they were forced to reduce rates to help prop it up.
That was because of the Covid-19 crisis, had to reduce rates which drove down inflation to prop the economy up.
@@magnoliap5824 then why was it lower then 2.3% from 2012 to 2019
Because it's going in the right direction ⬇⬇💚
@@Clark that is true
Thanks 👍
I don’t need empowering I just get it done for free 😂
Clark you can state the numbers about inflation but gas is still up food is still up 25% insurance is still up nothing has come down with your numbers so it doesn’t matter what you state the reality is nothing is changed if only got worse
I canceled my Amazon account, with no regrets.
Never had one, never will !!!!!😊
Thank you Team Clark.
Thanks Clark & Team! NNTR
Comment about buying from AliExpress - if you have to return, they will refund your money and you don't have to ship back the return. Perhaps the shipping is too much to care? It did happen with Amazon too one time. Got a refund but didn't have to send it back. Was it a fluke?
Why not just use e-giftcards . It eleminated plastic waste and the pollutants to create those cards . That should be the insustry standard
RMDs on IRAs and 401ks at age 75? Did the law change AGAIN? I thought it is 72 now.
And there are no taxes due on ROTH withdrawals after retirement age.
I give you that the question is complex and more than a bit confusing but your answer is very confusing as well.
😵💫 Sorry for the confusion. For those who reach age 74 after Dec. 31, 2032, the RMD age would be 75. 💯 Roth withdrawals are spent tax free.
Long ago.
@@Clark pardon my confusion. Thank you for your clarification.
Please watch Brandy Hellville to learn what fast fashion is doing to people and the environment. It’s truly horrifying
The only thing I pay by check is my rent. It used to be free to pay online, but now they want $3.50 service fee.
It's not the fee, but the principal that keeps me from paying online.
Your thoughts.
Temu steals peoples info. Amazon is not getting packages to me on time.
My 13 month CD was due to expire. Fine print said it would roll into a 12 month term at half the interest rate. Fortunately I noticed in time to intervene
You always have 10 days to intervene
Way to pay attention to the fine print! 👏👏👏
They are supposed to send you a letter before your cd maturity with a 10 day grace period.
With brokerages what kinds of cd's are you speaking of? Brokered cd's or ???
Traditional and high-yield CDs at banks and brokerages. 💚
This is the only correct way to buy CDs. NEVER at a bank.
I only am seeing brokered cd's is that correct?
@@retired8484at times I get better rates by going into my local bank or credit union
At other times, I get better rates on my broker CDs at Schwab or Fidelity
Total nonsense
I have a cd at my credit union. They roll it over at whatever the current going rate is. No morw, no less.❤
So do what regarding CDs set to expire? Just withdraw it back into my account? I did it with my big bank. First time ever
Clark always makes me laugh when he has to talk about the rich possibly having to pay more. So it's always easier to say we need to cut our spending when we are about as low as we can get. I like him!😅
Cut government spending
@@g.t.richardson6311 Nope, I like the brand new highways that are being constructed near me. Hundreds of Americans I get to see everyday, working on that new overpass interchange and the six new bridges being built right in my backyard. Makes me proud.
That is what I pay taxes for. Want to cut something? Stop trying to take my social security check and give it to billionaires and corporations and make them pay their fair share of taxes. Stop corporate welfare, the head of the union at the RNC, shocked the audience when he started talking about corporate welfare. The audience was confused (they'd never heard the term) for about five minutes and warmed up to it. I laughed when I saw the face on anti-union JD Vance and Trump ('like who invited this guy'). I worked for an airline once where the average employee was making $10-$12 an hour, while the CEO was making $30 million. Ridiculous.
@@TheLifetraveler1 talking point harry
Toolbag
Hopefully, nobody will take financial advice from a TH-cam creator. Keep talking about your your journey. Awesome channel.
Inflation is higher than they report we all know it ! Maybe it has come down from ridiculous highs which they didn’t report. Inflation is still much higher than reported and we know it ! Thanks Howard for the good information!
Too much useless yapping, I'm over this
Hey Clark. Is there a reason you do not include e trade in your list of discount brokers?
I definitely like temu better...just no temu app
I'll pick up my (local) tenant's rent in person, rather than ask them to send a personal check. It gives me a chance to check the exterior upkeep, and maybe some maintenance red flags. There are services that past tenants used, to cut a check to me without exposing their own account, but I don't know the price of these services. I'm not willing to give up most of the transaction fees (even at 1-2%) for any of the other digital services, since I often have a cause to be 'in the neighborhood' of my rentals, at least once a week.
Yes, I learned recently to never ever let a cd expire on its own. The rates are pathetic. Thankfully I was able to renew them at higher rates with just a small penalty.
Ours was set to expire on the 26th this month. We called them that day to have it sent to our savings account. You have a grace period (10 business days in this case). So, they had renewed it but they went ahead and transferred at our request.
Do NOT buy CDs at a bank.
@@rcfnc Do NOT buy CDs at a bank.
Gary is missing the tax on all that growth too. Christa is correct.
The problem with the IRA question is that MAGI and IRMAA talk about your income. So, even though your earnings are never taxed, your earnings bump you over the limit to have to pay 2 or 3 times the amount for Medicare, as Clark was saying. The earnings are never taxed, but they impact your Medicare costs. Two years after the fact, and for both of you if you're married, for a year.
"Christa the negotiator." Or " Christa under cover in Asia." Those are TV reality shows I'd love to watch!
Ha! 💚
Inflationary reports…figures may not lie but liars figure!