It’s funny because if you look at his early videos…he’s a milktoast worm boy but he made a few TH-cam videos and suddenly began to channel his inner Triple H.
@@mantasr I know he does. They all sell some sort of class or book. But, that's not his main source of income. Or how he became rich in the first place.
ayyy i was the guy who made the $12 wendy’s video haha. it seriously was $12 where i live! great video, i really enjoyed it and thanks for including my video!
The "rent is the minimum you will pay" thing is true for the year you sign the lease. In my city (Boise), renting was cheaper than owning a house when I bought. Fast forward two years, I am now paying 20-30% less than renters simply because the market has changed. If you want to be somewhere long term, buying can absolutely make sense.
@@hb7030 property tax and insurance usually rises with inflation....you can't refinance those....those are also part of the reason landlords raise rent. Refinancing isn't such a great idea unless you are not paying closing costs and prolonging the life of the loan.
The Wendy’s being $12 is absolutely real. Up here in MA, I went to McDonald’s the other day (hadn’t been there for years) and it was $23 for two meal combos.
I rarely get fast food and went to BK the other day expecting a $5 meal. I picked a random number (I showed up hangry) and it was $12 for the combo. Ouch. (This was in NH)
When people talk about the money you could save if you cut out certain foods, they usually completely forget that most people would have to replace them, so the savings would probably be more like 3-4 dollars rather than 12
LOVE these videos! I'm just at the first Tik Tok and cracking up at Brian mumbling about 100% but then there is the look on Bo's face. Keep doing these!
I agree with you guys that the latte effect is generally BS. That said, I've found that getting my friends to replace one coffee a week with investing in an index fund works wonders to get them thinking about the cost of capital. It's easier to build financial discipline if you're able to see tangible results even if they're insignificant in the long run
The mortgage vs. renting was difficult for me from the time of purchase until I hopefully close in two weeks. There is a lot of stress and wellness issues that come up in home ownership as well. Everyone things owning a home is all roses, rainbows, and white picket fences every day and sure, there is some of that. But you're constantly concerned about the state of things because if your house is big enough something is almost definitely broken.
I LOVE these videos. You guys are so much fun and educational! Have you guys considered reacting to CNBC make it videos? I think that would be a fun thing for you guys to do. Hope the team has a safe and Happy New Year!
Great chemistry makes great educational entertainment. Respect and mutual affection can't be faked, it's what makes you guys the winners you are! Plus, it's the factual knowledge, but it's the chemistry that gets people to listen.
I started investing toward retirement @ 21 years old. I made mistakes but learned that if you can continue to invest thru downturns(2008) the returns on the market upswing was huge! I had an aha moment when I realized I'm 40 years from retirement and there was nowhere to go but up.
A couple of my mistakes was not taking the match by investing into 401k post tax. Being overly cautious early on, not building my house sooner, although looking at housing nowadays my mortgage is ~$1000 per month cheaper than market rent so we're no in bad shape.
HODL isn't a misspelling. HODL = Hold On for Dear Life Did I just teach the money guys something? Least I could do for all the free advice/lessons they give.
5:09 I'm sure Wendy's is cheap in Tennessee, but in Seattle, for example, a baconator meal with a medium soda and medium fries is $13.85, or $15.21 after tax. That's $800 a year, which can really add up
You may not be worried about a $12 Wendy’s purchase. But I’ve noticed that a lot of people spend crazy amounts of money on food. $10 Breakfast+coffee then $12 lunch and a $15+ dinner. That starts to add up if done every day. I know many people that spend $40-50 per day on food. And it all goes on credit cards. That $11,000+ per year if you only count week days. Versus marking food and investing the other $5k
That first guy is not understanding what the word retirement means in retirement investment. It’s not a savings account that you can use to buy a car next year, but that’s what he makes it out to be.
It’s only a part of his video. It’s a different story when you watch the whole thing. It’s like you watched someone saying “I hate driving” but you never got to watch the rest “I hate driving with all 4 passengers making rowdy noises”
@charliewill4879 Kris Krohn still bashes 401ks to this day, so I don't know if your example still holds. I've watched some of his latest videos. Also... if someone "hears you say you like the rain, even when you don't", it's because you've explicitly stated so. That's on you. Krohn was pretty clear (and wrong) in his views about 401ks... kinda doesn't matter what he says next... especially when the thing he wants you to do is to become a real estate investor, when that carries more risk than simply having a 401k. Also, did I mention that Krohn is wrong? Also, he's intentionally obtuse when talking about 401ks, failing to mention their tax benefits.
@charliewill4879 I'll put it more simply and state it again. Doesn't matter if we didn't hear him say "do this", when he's completely wrong about "don't do this".
Rent's not really a maximum you'll pay either. For some people, rent went up 30% from last year. With your mortgage that's just not happening. 5 - 10 years after that fixed rate was set, you're going to be doing really really good on your housing costs, even if owning a little more expensive at first.
Surprised you guys haven't come across HODL. It was originally a typo for HOLD, but has stuck around, partly as an ironic typo-based joke but also re-imagined as an acronym for "Hold On for Dear Life".
I'm in my early twenties, putting part of my monthly earnings to both investing (i guess i have something close to an index fund? i'm not from the US, so i'm not really sure about the terminology) and a savings account. Now let me enjoy my starbucks, tik tok!
It's those 401k percentages that trip up alot of people, even the ones in the company that you turn to for information and who should have correct information at their fingertips. The way I explain it to my co-workers (I am the resident Dave Ramsey/ Clark Howard) is that if the company matches every dollar you put in your 401k with one of their dollars, then that means you are getting 100% return on your investment GUARANTIED, and this type of guarantied return simply does not exist anywhere else in the investment world.
To quote this Tik Tok guy 'The dumbest financial advice ever might be...' actually listening to a guy in a t-shirt, walking around his kitchen, talking to himself tell you how to invest for retirement 🤣
Ugh, I hate that toxic new-age bs about “manifesting” things into your life. There’s nothing wrong with being positive, but it’s positivity combined with actual action and strategy that produces results. The universe isn’t going to gift me $5k just because i beg for it and believe it’ll happen.
There is one time when I consider fancy coffee which if I need to sit down at a coffeeshop and work whether that is homework in college of certification exams in IT.
"100% beats 3%." Who needs math...I'M RANTING AT A CAMERA! The video at 12:21 is probably the most useful so far (that isn't repeating the basics of investing)
The small purchases, the latte effect, is a big deal for the younger crowd. Eating out 5 days a week for lunch, a coffee every morning, subscriptions etc all do add up and people under 35-40 are absolutely over spending here. Our mortgage is $1,700 and rent was about to hit $2,000 and now it's $2,500 for what we had. Buying was needed.
I totally won the house game…..bought young for 30yrs…..refied later and paid a bit extra every month so I paid it off in 24yrs… then I got married and he loves my little shack, so we didn’t have to buy a “married” people house…. So here we are at 50 paying $200 s month for the roof over our heads, for taxes&insurance. I always self escrowed so I’m able to invest that money until taxes and insurance are due. Anyone can do it IF they stay put, buy small and marry someone who likes your house. I need to sell a course 😝😝😝
That man’s financial advice was to rob a breakfast buffet. What a time to be alive.
FREE FOOD!😂😂😂
and the money guys advice is to save money by eating less lol though that is probably good advice for the majority of Americans
Maybe feed family like birds do, eat at buffet and then 🤮
“That was a math crime” 🤣🤣
😅🤣😂
A serious crime from every mth teacher prospective!
The first guy seems like that guy who is always ready for a fight any time he goes out.
Absolutely. Looks like his head is about to pop. Lol.
It’s funny because if you look at his early videos…he’s a milktoast worm boy but he made a few TH-cam videos and suddenly began to channel his inner Triple H.
@@Ethernet480 I just sprayed coffee outta my nose at the inner Triple H!
He was making me dizzy watching the video. Hold the camera still lol
Hes always ready for a fight, but he cant fight hahahaha
"Why is he only making 4%?"
"He doesn't understand math"
😂😂😂
“Why’s he only making 4%?”
Laughed out loud on that one!
Y’all are great!
“He doesn’t understand math” 😂😂😂 I about died lmao
He doesn't understand math lmao
@@schnauzer93 What class? He's a real estate investor.
@@TheRizzGaming you think he doesn't sell courses?
@@mantasr I know he does. They all sell some sort of class or book. But, that's not his main source of income. Or how he became rich in the first place.
ayyy i was the guy who made the $12 wendy’s video haha. it seriously was $12 where i live! great video, i really enjoyed it and thanks for including my video!
No way 😂
Thank you! We loved watching your videos - they're a lot of fun!
Yeah I was gonna say that Wendy's is expensive where I live 😆
Yeah, that's about how much a combo costs for me as well
The "rent is the minimum you will pay" thing is true for the year you sign the lease. In my city (Boise), renting was cheaper than owning a house when I bought. Fast forward two years, I am now paying 20-30% less than renters simply because the market has changed. If you want to be somewhere long term, buying can absolutely make sense.
There are costs associated with homeownership besides the principle and interest every month......
@@Lagann0 No shit, but those costs are relatively stable. In fact, my costs have actually gone down because I refinanced.
@@hb7030 property tax and insurance usually rises with inflation....you can't refinance those....those are also part of the reason landlords raise rent. Refinancing isn't such a great idea unless you are not paying closing costs and prolonging the life of the loan.
@@dec1slh So does your landlords property tax. Do you think your landlord doesn't take those into consideration?
@@hb7030 can you comprehend, did I not say that's why they raise rent
The Wendy’s being $12 is absolutely real. Up here in MA, I went to McDonald’s the other day (hadn’t been there for years) and it was $23 for two meal combos.
ayyy that was me who made that video haha
In MD as well.
Yeah 2 actual meals is 20 bucks now at most places. But a burger, and a drink isn't nearly as bad.
Damn y'all's cost of living must be high as shit, 2 large meals here in Texas is $15
I rarely get fast food and went to BK the other day expecting a $5 meal. I picked a random number (I showed up hangry) and it was $12 for the combo. Ouch. (This was in NH)
When people talk about the money you could save if you cut out certain foods, they usually completely forget that most people would have to replace them, so the savings would probably be more like 3-4 dollars rather than 12
*whispers* "he doesn't understand math" lol
I love these tik tok reacts. They’re like little fun episodes you can still learn from.
LOVE these videos! I'm just at the first Tik Tok and cracking up at Brian mumbling about 100% but then there is the look on Bo's face. Keep doing these!
Thank you guys for being real and making good content and actually explaining the MATH!!!!
I agree with you guys that the latte effect is generally BS. That said, I've found that getting my friends to replace one coffee a week with investing in an index fund works wonders to get them thinking about the cost of capital. It's easier to build financial discipline if you're able to see tangible results even if they're insignificant in the long run
The $15 breakfast cracked me up. Me over here with my $1 oatmeal, “I’ll be rich!” 😂
🤣loving the commentary! so funny but educational at the same time! Thanks both
“Find a less expensive breakfast.” Bo, that’s exactly what he did. 😅
The mortgage vs. renting was difficult for me from the time of purchase until I hopefully close in two weeks. There is a lot of stress and wellness issues that come up in home ownership as well. Everyone things owning a home is all roses, rainbows, and white picket fences every day and sure, there is some of that. But you're constantly concerned about the state of things because if your house is big enough something is almost definitely broken.
I LOVE these videos. You guys are so much fun and educational! Have you guys considered reacting to CNBC make it videos? I think that would be a fun thing for you guys to do. Hope the team has a safe and Happy New Year!
Yes. Please react to CNBC
As long as they stay away from the Finland episode. It'd just make them depressed
7:45 “All I hear is Billy Idol.” 😂🤣😭
They make a great point at the end. Finance videos are everywhere, you just need to make sure the content is valid.
Steal from hotels every morning for 40 years. Money guys-“WE LOVE THIS!!” 😂😂💀
Great chemistry makes great educational entertainment. Respect and mutual affection can't be faked, it's what makes you guys the winners you are! Plus, it's the factual knowledge, but it's the chemistry that gets people to listen.
"Why's he only making 4 percent? He doesn't understand math." Man i laughed out loud.
I bet the first guy is selling a "business opportunity" or some ponzi scheme
He's a die-hard real estate investor with a fund that his viewers can buy-in to invest "with him". You pretty much nailed it lol. Kris Krohn
I started investing toward retirement @ 21 years old. I made mistakes but learned that if you can continue to invest thru downturns(2008) the returns on the market upswing was huge! I had an aha moment when I realized I'm 40 years from retirement and there was nowhere to go but up.
A couple of my mistakes was not taking the match by investing into 401k post tax. Being overly cautious early on, not building my house sooner, although looking at housing nowadays my mortgage is ~$1000 per month cheaper than market rent so we're no in bad shape.
Thank you for sharing
HODL isn't a misspelling.
HODL = Hold On for Dear Life
Did I just teach the money guys something? Least I could do for all the free advice/lessons they give.
Pretty sure it’s a backronym, meaning hodl the misspelling came before HODL the initialism.
@@andrewgutmann9432 you are likely correct.
@Andrew Fry you're right HODL = Hold On for Dear Life
“He doesn’t understand math…” cracked me up
I think that last one was 100% parody content haha. Enjoyed this. Happy New Year!
Keep more videos rolling - gained so much knowledge from you guys!Happy New Year :)
These are the best videos, not only are they fun to watch but they also dispel a lot of bad advice out there!
That loose yourself reference❤
Loved the Graham part, always go long term
4:53 - One McDonald's Big Mac meal is $13.65, route 87 in New York state.
this video really needs more views. it could save a lot of people from bad financial advice
5:09 I'm sure Wendy's is cheap in Tennessee, but in Seattle, for example, a baconator meal with a medium soda and medium fries is $13.85, or $15.21 after tax. That's $800 a year, which can really add up
the morgage/buy one. THANKS YOU because why you thought is exactly what i'm thinking right now! THANK YOU FOR THAT!
I look at market dips as stock sales. Best time to buy.
Love this!!! ( and yeah, also.. the Boba Fett mug 😍)
14:08 look at them how they stare to the sreen focussed on that piece of paper 😂
You may not be worried about a $12 Wendy’s purchase. But I’ve noticed that a lot of people spend crazy amounts of money on food. $10 Breakfast+coffee then $12 lunch and a $15+ dinner. That starts to add up if done every day. I know many people that spend $40-50 per day on food. And it all goes on credit cards. That $11,000+ per year if you only count week days. Versus marking food and investing the other $5k
Lady in the 2nd video out there giving better advice than Dave Ramsey
That first guy is not understanding what the word retirement means in retirement investment. It’s not a savings account that you can use to buy a car next year, but that’s what he makes it out to be.
It’s only a part of his video. It’s a different story when you watch the whole thing. It’s like you watched someone saying “I hate driving” but you never got to watch the rest “I hate driving with all 4 passengers making rowdy noises”
1:17 There's no way it was worse than the one which said to use a foreign brokerage account because then "you don't have to pay any taxes".
That first guy makes absolutely no sense. He also was conflating maxing out your 401k and contributing enough to get a match.
It makes more sense if you watch the whole video. You watched him say don’t do this, but you never got to watch him say do this.
@@charliewill4879 I don't think the rest of what the first guy says matters cause he was so wrong about 401k. Like aggressively wrong.
@@chukuemekaoje1015 of course it matters. It’s like someone hearing me say I like the rain, when I don’t even like the rain.
@charliewill4879 Kris Krohn still bashes 401ks to this day, so I don't know if your example still holds. I've watched some of his latest videos.
Also... if someone "hears you say you like the rain, even when you don't", it's because you've explicitly stated so. That's on you.
Krohn was pretty clear (and wrong) in his views about 401ks... kinda doesn't matter what he says next... especially when the thing he wants you to do is to become a real estate investor, when that carries more risk than simply having a 401k. Also, did I mention that Krohn is wrong?
Also, he's intentionally obtuse when talking about 401ks, failing to mention their tax benefits.
@charliewill4879 I'll put it more simply and state it again.
Doesn't matter if we didn't hear him say "do this", when he's completely wrong about "don't do this".
Rent's not really a maximum you'll pay either. For some people, rent went up 30% from last year. With your mortgage that's just not happening. 5 - 10 years after that fixed rate was set, you're going to be doing really really good on your housing costs, even if owning a little more expensive at first.
At 2:00, I believe you are being overly naive. He's not saying this because he thinks it's true. He's saying this because he has a course to sell.
this series are awesome. Keep up the good work!
Dave Ramsey "Rice and beans!" that doesn't mean coffee beans.
Editing for this is on-point! Brilliant!
7:40 has meme potential. Moeney, all that Moooeney 🤣
Thank you for doing this, especially about the first guy.. been watching you guys for years!
6:33 I actually opened that and then I realised it was on the video too...wow!
The "lose yourself"/spaghetti joke got me.
Surprised you guys haven't come across HODL. It was originally a typo for HOLD, but has stuck around, partly as an ironic typo-based joke but also re-imagined as an acronym for "Hold On for Dear Life".
I love the new upgraded music choice for opening up the video. Much more modern and upbeat. 😁
You guys make me laugh lol. Some of these Tik Tok’s are hilarious.
That breakfast video was hilarious
“Why’s he only making 4%?” " he doesn't understand math" lmaooooo
If the first guy was a bit more frantic and high-pitched in his delivery, he’d be Charlie from Its Always Sunny in Philadelphia. 😆
My man really suggested that you should sleep and your car and steal from hotel/motel breakfast buffets 😂😂
I'm in my early twenties, putting part of my monthly earnings to both investing (i guess i have something close to an index fund? i'm not from the US, so i'm not really sure about the terminology) and a savings account. Now let me enjoy my starbucks, tik tok!
It's those 401k percentages that trip up alot of people, even the ones in the company that you turn to for information and who should have correct information at their fingertips.
The way I explain it to my co-workers (I am the resident Dave Ramsey/ Clark Howard) is that if the company matches every dollar you put in your 401k with one of their dollars, then that means you are getting 100% return on your investment GUARANTIED, and this type of guarantied return simply does not exist anywhere else in the investment world.
The second person - 👏🏽👏🏽👏🏽
To quote this Tik Tok guy 'The dumbest financial advice ever might be...' actually listening to a guy in a t-shirt, walking around his kitchen, talking to himself tell you how to invest for retirement 🤣
I love the Marriot Free Breakfast, Marriot will never catch on to that! and you will save the MILLIONS you were spending on breakfast
In Canada a basic wendys meal is $12 with taxes
these are the best vids yall do
HODL is a meme abbreviation for "Hold on for Dear Life"
Here in Southern CA, that’s about $15 worth of food
Ugh, I hate that toxic new-age bs about “manifesting” things into your life. There’s nothing wrong with being positive, but it’s positivity combined with actual action and strategy that produces results. The universe isn’t going to gift me $5k just because i beg for it and believe it’ll happen.
The way yall whispered while watching is hilarious 😂
an average breakfast being $15 - $20 is totally accurate if you live in canada
There is one time when I consider fancy coffee which if I need to sit down at a coffeeshop and work whether that is homework in college of certification exams in IT.
You can get 40 pop tarts for $10 and sleep in your own bed with your own cat. No Marriott required.
I almost overlooked your awesome boba fett bounty hunter coffee cup...
Oh no I see the Money guys lurking in the woods with Dave.
"100% beats 3%." Who needs math...I'M RANTING AT A CAMERA! The video at 12:21 is probably the most useful so far (that isn't repeating the basics of investing)
HODL = “hold on for dear life” 😂
Great video guys. GO BLUE!
The small purchases, the latte effect, is a big deal for the younger crowd. Eating out 5 days a week for lunch, a coffee every morning, subscriptions etc all do add up and people under 35-40 are absolutely over spending here.
Our mortgage is $1,700 and rent was about to hit $2,000 and now it's $2,500 for what we had. Buying was needed.
I totally won the house game…..bought young for 30yrs…..refied later and paid a bit extra every month so I paid it off in 24yrs… then I got married and he loves my little shack, so we didn’t have to buy a “married” people house…. So here we are at 50 paying $200 s month for the roof over our heads, for taxes&insurance. I always self escrowed so I’m able to invest that money until taxes and insurance are due. Anyone can do it IF they stay put, buy small and marry someone who likes your house. I need to sell a course 😝😝😝
7:40, that guy reminds me of Tom Vu
6:38--FYI HODL means "Hold on for dear life"
Props to the editor
HODL means “Hold On for Dear Life” coined by the bitcoiners with lots of conviction
That second video with the girl, i was looking at the words on the screen the whole time, i couldnt stop looking at those words
My thrift /401k
They matched it and every year 15%
Retired early 🤔
Living the dream
"he doesn't understand math" lmao that sent me
A couple of these were good.
4:35 I get what the guy at Wendy's is saying. He's trying to say that $12 of Wendy's is costing him 88x that amount or $1,056. 😉
Wait til the hotel guy shows up and the person sees him every single day and they ask to see his card....awkward!
happy new year!!!
Thanks you I have learn so much from you guys
yoooo. been waiting for this
My employer offers 6% match in my 401k. glad that first guy talked me out of that /s
Amen to the bear markets point!
“I know some of these words!” 😂
0:45 You can invest your 401k.
And the stock market (ACWI) averages 6% per year.
And many funds, including Berkshire Hathaway, vastly beat it.
HODL is the Wallstreet bets terminology of hold.
It stands for Hold On to Dear Life.
The learning works both ways on this channel - thank you 🙏👍
"he doesn't understand math..." hilarious