Financial Advisors React to Money Advice on TikTok! (Part 3)
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- เผยแพร่เมื่อ 30 ธ.ค. 2021
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“That was a math crime” 🤣🤣
😅🤣😂
A serious crime from every mth teacher prospective!
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
"Why is he only making 4%?"
"He doesn't understand math"
😂😂😂
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
I thought he was a wrestler 🤣!
“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
*whispers* "he doesn't understand math" lol
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)
The good Burger clip had me rolling. Whoever is editing these videos, well done.
The $15 breakfast cracked me up. Me over here with my $1 oatmeal, “I’ll be rich!” 😂
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
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
“He doesn’t understand math…” cracked me up
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
🤣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. 😅
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!
Keep more videos rolling - gained so much knowledge from you guys!Happy New Year :)
Thank you guys for being real and making good content and actually explaining the MATH!!!!
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.
I love these tik tok reacts. They’re like little fun episodes you can still learn from.
this series are awesome. Keep up the good work!
Editing for this is on-point! Brilliant!
They make a great point at the end. Finance videos are everywhere, you just need to make sure the content is valid.
Thank you for doing this, especially about the first guy.. been watching you guys for years!
"Why's he only making 4 percent? He doesn't understand math." Man i laughed out loud.
These are the best videos, not only are they fun to watch but they also dispel a lot of bad advice out there!
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
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
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
these are the best vids yall do
7:45 “All I hear is Billy Idol.” 😂🤣😭
That loose yourself reference❤
Loved the Graham part, always go long term
I love the new upgraded music choice for opening up the video. Much more modern and upbeat. 😁
I think that last one was 100% parody content haha. Enjoyed this. Happy New Year!
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”
Steal from hotels every morning for 40 years. Money guys-“WE LOVE THIS!!” 😂😂💀
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.
the morgage/buy one. THANKS YOU because why you thought is exactly what i'm thinking right now! THANK YOU FOR THAT!
Love this!!! ( and yeah, also.. the Boba Fett mug 😍)
Dave Ramsey "Rice and beans!" that doesn't mean coffee beans.
Thanks you I have learn so much from you guys
yoooo. been waiting for this
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. 😆
The second person - 👏🏽👏🏽👏🏽
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".
happy new year!!!
That breakfast video was hilarious
an average breakfast being $15 - $20 is totally accurate if you live in canada
this video really needs more views. it could save a lot of people from bad financial advice
I look at market dips as stock sales. Best time to buy.
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
Love this channel - always looking forward to the uploads!
You guys make me laugh lol. Some of these Tik Tok’s are hilarious.
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.
Props to the editor
The way yall whispered while watching is hilarious 😂
HODL is a meme abbreviation for "Hold on for Dear Life"
This was fun 🤩
6:33 I actually opened that and then I realised it was on the video too...wow!
My thrift /401k
They matched it and every year 15%
Retired early 🤔
Living the dream
“Why’s he only making 4%?” " he doesn't understand math" lmaooooo
The "lose yourself"/spaghetti joke got me.
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
In Canada a basic wendys meal is $12 with taxes
Great video guys. GO BLUE!
You can get 40 pop tarts for $10 and sleep in your own bed with your own cat. No Marriott required.
HODL means “Hold On for Dear Life” coined by the bitcoiners with lots of conviction
Oh no I see the Money guys lurking in the woods with Dave.
4:53 - One McDonald's Big Mac meal is $13.65, route 87 in New York state.
7:40 has meme potential. Moeney, all that Moooeney 🤣
You guys are my favorite nerds!
I love the Marriot Free Breakfast, Marriot will never catch on to that! and you will save the MILLIONS you were spending on breakfast
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.
LOL I love this!!!!!!!!
Good video!! Good TikTok.. Steph Graham... .. Thank You..
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'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!
Here in Southern CA, that’s about $15 worth of food
14:08 look at them how they stare to the sreen focussed on that piece of paper 😂
My man really suggested that you should sleep and your car and steal from hotel/motel breakfast buffets 😂😂
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 😝😝😝
Planning on buying some ETF's this year: VTI, VOO, SPY...which is the best?
A couple of these were good.
Wait til the hotel guy shows up and the person sees him every single day and they ask to see his card....awkward!
Awesome intro
Lady in the 2nd video out there giving better advice than Dave Ramsey
I love this. 😂😂
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 breakfast clip HAS to be satire. Right...?? 😆
I want to see how these guys react to Benjamin on TH-cam. He’s the funniest finance TH-camr I know
"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)
Amen to the bear markets point!
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.
WooHoo 💰guy!!
HODL = “hold on for dear life” 😂
“I know some of these words!” 😂
2:30 requires max focus
I almost overlooked your awesome boba fett bounty hunter coffee cup...
This last guy's got it all wrong. If I'm going to rip-off breakfast, I'm not sleeping in my car. I'm leaving my house, dressed in a suit and tie, or business casual at worst, and then I'm following the steps as outlined (except for the side-door thing. I think those are all key activated now, so you'd have to wait for someone to come out, which is kind of suspicious. I'd probably just go through the front door, head for a restroom, or some such, wait a few minutes, then go to the breakfast area). I'd also have a briefcase containing a laptop, and in the briefcase, I'd also have the newspaper that the hotel leaves at the door each morning (little research required for that one, but easy enough, usually USA Today). I'd load up the plate with food and eat a healthy meal, while reading the paper and occasionally pretending to check something on my laptop. Then, I'd go back for seconds, loading up with re-heatable/packaged items. Next, I'd have the laptop open, as mentioned, to shield me from prying eyes at some angles, and then I'd open the briefcase on the table, shielding me from view even more while I rapidly bagged sausage and biscuits, etc. Into the briefcase they go, along with my newspaper and laptop; only seconds have passed. I'd be sure to leave a bit of food on the plate to finish a few more bites before cleaning up and leaving. Now I've got food for lunch, too, so imagine how much more quickly I'll achieve millionaire status ;)
@Day Thank you.