Just uploaded a video on The Car Payment Epidemic. Here is the link: th-cam.com/video/U0_tWqSyh5Q/w-d-xo.htmlsi=qnRhjCjhM2Za1lof Thanks for watching, everyone! If you enjoyed this video, don’t forget to subscribe. I have more content coming, so stay tuned.
For that first guy, his journey won’t be over when he buys that first house. It will be a surprise when he gets that property tax statement every year.
I retired recently, but during my working life I probably paid $450,000 in income taxes alone. That doesn't include property tax, sales tax, car registrations, etc. Welcome to adulthood.
That's a significant amount of taxes paid over your working life! It really puts into perspective how much we contribute in taxes throughout our careers. Welcome to adulthood, indeed. By the way, welcome to my channel. Don't forget to subscribe and thank you for your comment!
Neither party...again, NEITHER PARTY, NOT THE DEMS OR THE GOP...is worth a tin shit on a caramel covered roof. They're two sides of the same dirty, corrupt coin, and the people who believe differently are a HUGE part of the problem, because they continue supporting a system that is literally out to make them homeless and hungry!
Gen Z were the ones complaining about minimum wage being to low. They got it to around $15/hr and they wonder why prices are going up. Maybe they should have taken economics in high school.
Weird how my son and his wife just bought a house. Maybe because they don’t have car payments (drive old paid off cars), they don’t have the new $1200 smart phones, they don’t buy $10 cups of coffee, they saved and scraped and he worked 2 jobs and saved some money. It took a couple years but they moved in last month.
That's a great example of living within your means and making smart financial decisions! It’s all about prioritizing what matters most and being disciplined with spending. Your son and his wife did it the right way, and it paid off. Congrats to them on their new home!
As a kid, I asked Mom why you just didn't have a bank account that you can't touch until 65. Mom's wise answer: "Because then they couldn't steal from it."
These clowns ignore a few simple facts. The cost is determined by the buyers willingness to pay the price. When over paid keyboard ITC billionaires started paying $1m for a view for a $150k apartment, it drives the price up for ALL properties in that area. Otherwise live in Fort Wayne, IN., where the median home price is $169,485 If you want people to be paid $25/hr to flip a burger and say 'would you like fries with that', it means the burger WILL cost more. That means it ALL costs more. You vote for inflation economics, you pay more. Welcome to the real world.
And the current (D) running for President is on record to raise taxes on the top 1%. The ORIGINAL income tax was for only the top 1%... promises promises. Oh, not enough income tax, OK, maybe the top 5% or 25% or 50%... "mission creep" isn't just for government programs but their taxes too. You DO NOT want the government to do your taxes.
This is what happens to every one of these kids that where out supporting policies like Tuition Forgiveness, Medicaid for everyone.. ect.. Until they have to work in the real world and see how much this actually costs them. Then they change their tune and all of a sudden Taxation is theft.. It kills me they're allowed to vote when they know nothing about the world.
No one should be able to vote until they have had to support themselves for at least 2 years. I don't mean living at home. I mean out supporting yourself completely.
The fourth episode of the first season of "Friends" aired on NBC on October 13, 1994. Rachel gets her first paycheck from Central Perk, the first paying job she's ever had. Upon looking it over, she says, "Who's FICA? Why's he getting all my money?"
My wife as a new US Citizen... When she first started working (which was legally)... Looked at her paycheck and literally said the same thing!!! 🤣😂🤣😂🤣😂
To the gen Z that can't buy a house . . . I am a Boomer and I understand your frustration. It is harder for your generation and paying market rate rent all your life is a form of indentured servantry, especially at today's inflated rates. If you are forced into that position you will probably never have a comfortable retirement. Please realize that it was easier for our parents than it was for us to buy a house, and every generation since has had it tougher than the last. There is twice as many people on this planet now than when we were your age and they are competing for fewer resources. That makes everything harder to get. We need laws that stop big Wall St. REITs and other investment firms from buying up single family homes. We need to build starter homes and builders need to offer special financing to first time buyers. We need lower interest rates, lower property taxes and lower insurance rates. We need to elect politicians that will get this done. We need to stop electing politicians who believe that building high density rental housing is the answer to the housing crisis they created and start building homes that Milin's and Gen Z's can afford to buy. We Boomers do care, but voters continue to elect politicians that want to force them into "15 minute cities" or "infill" housing in the 'burbs renting from some big corporation or local investment company until the day they die. It has to start with governance, are you getting what you voted for?
I'm really sorry to hear about your uncle. Working for 35 years at a company like Boeing shows a lot of dedication, despite what's been happening lately. It must be tough knowing that he passed away just two years after retiring. That’s a hard situation, and it really makes you think about the balance between work and enjoying life after retirement.
😂🤣😂 Wait till you buy that house after 30 years and the courts gives it to your feminist wife for free. Don't worry, you can always live in your Prius or a tent at your downtown homeless camp. Let's go Scamala. 🤣🤣😂
Whine whine whine. Every gen cried about taxes and cost of living at your age.. grow up gen Z and put away all those participation ribbons you were given growing up.
I was making $14.50 an hour in 2018 and was able to purchase a fix er' up, house for $91.000. Not one of these children, saved any money for a down payment or even stepped into a bank and asked what they needed to do to buy a home. However, they did buy an expensive phone with expensive cell service so, they can complain to other little children that do the same things as they do.
How you vote affects your ability to buy a house financially. Quit voting for the party offering free things. Free things raise everybody else’s taxes.
This economy is devastating. Our son works, and is in college and is barely making it even living at home. Our daughter works full-time, and has to live with us as well. When my hubby and I were her age (25), we bought our house, & that was in the 90s
The "Z"s don't realize that everything is relative.In 1979 we bought our home after my discharge from the Navy. We were making about $30,000 with both of us working full time. For the next ten years I worked 23 hours a week overtime, three hours a night and every Saturday. I even took call outs in the middle of the night. Our mortgage was at 17%. Over the years I was able to refinance until it was down to 4%. In 1984 I was laid off. I started a business that lasted until my retirement. I was working even more hours and barely had any time off. And then there was the thrill of having immature childish employees who partied on the weekends and thought I was rich. None of them knew I was making 8 truck payments every month. Or that I was paying for 1/2 of their Social Security every month and Unemployment Insurance. I paid for all the maintenance on the trucks as well as gasoline. Or that their auto accidents caused my vehicle insurance to climb. All they knew is that I was charging a certain amount hourly for their labor and how little of it they got. Many times I just wanted to chuck it but that would mean going to work for someone else again. Your wages will go up over time and the mortgage will become a smaller part of your expenses. At that point you can probably pay extra on the principal part of the mortgage, even one payment a year would make a difference since the interest is mostly paid on the first 1/2 of the mortgage term. You also pick up deductions that will reduce your taxes at the end of the year. Some advice. Don'r overpay income taxes all year and expect a refund. The refund is not a savings account. It's lending the government money interest free. I don't know anyone who could afford their house at first. It made for lean times because the mortgage came first for payment. If you really want to be angry think of this. My mortgage has been paid off for years but we still pay taxes on the house. It's where part of my Social Security check goes. And we still keep seeing prices go up on everything. Social Security plans started in Germany during Bismark's term as Prime Minister. When Roosevelt started it here it was simple. Pay in and collect when you retire. But over the years Congress added more reasons for payments. Disability is one.Social Security Insurance is another. What counts as a disability is another. I have a brother who has collected for years because his propensity for using drugs is a disability. He's collected more than he ever paid in. Your vengeance on the system is to live as long as possible and collect more than you paid. Welcome to the Rat Race. The Rats are winning.
For those that are upset about taxes "Welcome to the real world and the ranks of those that have to pay for the student loan payments. If the government would stop taking money out of SS and repay the money they have already stole from the SS system it wouldn't be a problem."
I'm Gen X and I cannot afford to finance a house ANYWHERE. You'll never hear me tell Gen Z to "do what I did and you'll get ahead." I'm smart enough to know that the world has changed and my 20th century advice might be obsolete in the 21st century. Getting financial stability is much harder for Gen Z than it was for previous generations in the USA. Our prices are much too high (housing, college/trade school tuition, food, gasoline, utilities, cars, etc.).
The poor are ment to stay poor and the rich stay rich, thats how the system works it is designed purposfully to make it hard for you to move up the economic ladder, its not impossible but very difficult if everyone was rich who would work? Tax the rich, they cut into your pay, lay people off it only hurts the workers
You guys are wimps! I am 63 and everything was the same for us! I did buy a house until 1999 at 38 years old paid off in 15 years. It was $300K now isn’t worth anymore but they value at $500K! I worked investing Billions and the worst investment was buying a house! Nothing lasts anymore and I have spent over 1 million to have a home. When I went to work after college which was useless-I got $6,000 taken out of a $13,644 check I became Conservative overnight☮️
It sounds like you've had a lot of life experience and learned some tough lessons along the way. Buying a house, dealing with taxes, and investing. Definitely gives you a unique perspective. It's no wonder your views shifted after seeing how much was taken out of your paycheck. Owning a home can be expensive and sometimes feels like more of a burden than an investment. Thanks for sharing your story, it really highlights how our outlook on life can change with experience.
What this dude doesn't understand is back when you could buy a house for "A walnut & a penny." The minimum wage was LOW!!!!!!!!!!!!!!!!! You're making probably 20 times now what they made back then. But back then nobody complained about it, they just worked harder!
He is 100 💯 right the world is different than before working harder brings you health issues not wealth! I'm 56 and not one penny saved due to all kinds of life issues, children , problems, taxes, everyday living
I’m a gen x and couldn’t afford to buy a house until I was in my 30’s, few people could afford to by a house at 24 in the 80’s or 90’s oh, and many years and I worked 2 jobs too
@@NdimiExperience I saved until I had just over 30% down payment which drained my bank account but made payments less than rent. Now, (still skipping) I have enough in the bank to pay off the 30 year mortgage if I needed/wanted to. No fancy phone (IP6 / tracphone @ $100/year) No fancy car (96 mustang bought new) No cable or other subscription TV (watch OTA broadcast) Eat out maybe 4 times a month and less than $12 for the meal.
Social Security takes out & pays it to the Gen before you. Boomer paid for the Silent Gen & Gen X paid for Boomers. Gen X got told in the 90's that Boomers would wipe out SS for them & they were not going to be able to retire, own homes & would be in apartments. So most Gen X was like F This I'm creating work balances & side hustles.
The first house I bought was 25 times my annual salary; interest on mortgage was 18%. This fkn kid thinks it was a walnut?!! Awww, Poor babies. Welcome to adulthood. Maybe appreciate yr parents hard graft to get you here.
I say to this guy, "who did you vote for?" Growing up I spent all my money on my apartment and car payments. I didn't go out for FUN all the time. But I had a nice place to live and a car to get around. I was independent. We need Trump 2024!
See all the “free” food, free health care, free rent, free rides with their parents took from all including them, managed care 90’s poverty laying everywhere!
I haven’t paid taxes in 5 years. I didn’t make enough. I’m 46 and I’m living with mom. I can’t even afford rent by myself. Bills and groceries are insane. I bought some organic grapes for almost $15!!!!!
Im a millennial, a convict, an addict, drop out, who began having kids at 19.. I have 4 kidd, and just bought my 2nd house! I didnt have nice cars, I didnt buy cell phones, take vacations, we didnt have internet and cable, we clipped coupons, and saved.. We went without, and lived WITHIN our means, and saved for our future! I just turned 41, and my 1st house (a craphole in Baltimore) is paid off
@@NdimiExperience The plan WAS to use the paid off home, to pay for the new home, to avoid ridiculous loan rates of today.. But, with 4 kids, (two of which are adults) we are letting our kids stay at the townhouse to get started, rather then pay too much on rent from someone else.. Seeing cheaper mortgages than rent, is an endless source of frustration! Rent pricing is out of control. But, with an influx of millions of immigrants, theres never a shortage of tenants, so the rent prices keep increasing
You did know that people in the early 70"s were making 2 dollars and hour, and they bought homes , what you're making $30 an hour and you can't afford it, someone's priorities might be off a little..
Sorry that living in a society requires all of us to contribute. I for one appreciate having emergency services, my roads plowed and maintained, public libraries, protected open space, a strong military to defend us, etc etc etc. Getting rid of taxes would cause our country to collapse.
That's a good point. Taxes do fund critical services, but it's frustrating when we see funds directed to sectors that seem unnecessary or inefficient. It feels like some areas could use a closer review to ensure tax money is being spent where it's truly needed and not wasted on things that don’t benefit the majority. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
NO MATTER what your politics VOTE TRUMP -MAKE SOME $$$ - BUY A HOUSE - BE HAPPY for a FEW YEARS - TRUMP will do great things for everyone - you'll be sick of winning!! AND-WE can GET BACK TO THE FLAME-WARS IN 2028 - If that's what you want. ...DEAL!??
And to the girl in the pink hat .... Because people are living longer and cost of living is going up ... Why is that such a hard concept or math to comprehend???
It's not a hard concept at all. With people living longer and the cost of living rising, it's basic math that expenses and financial needs will also increase. It’s just reality. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
Remember you look at the amount of Social Security on your check in the employer has to pay the exact same amount to Social Security so if your Social Security taxes $100 the company has to pay $100 so security is getting $200
My state, they have like 80 taxes attached to registering your car. AND you get fined multiple times for THE SAME ISSUE! Even with reciepts to prove, they do not care. They know you need your car so they force you to pay it.
Woow that's crazy. It seems like they’re taking advantage of the fact that people need their cars and forcing you to pay up. That's just unfair, I would move out if it was me.
@NdimiExperience exactly. We just had to pay almost $300 AGAIN for an issue in 2021. We had all the receipts, a car registration from after that in 2021. They wouldn't even look at them. Pay $300 or walk. And on top of that $300, we had to register the car which was ANOTHER $130!! We are definitely trying to move out of this state.
These idiots don't realize that in the 1960s minimum wage was less than $5 an hour. The houses weren't as cheap as you think when you compare the wages paid back then. Yes it was easier, but not as easy as you think.
It was less than $5 an hour in the 1980s when I started working, in things were everything was a hell of a lot more expensive than in the 60s and 70s, get my wife and I were able to put up scrimp and save enough to buy a house and property
They should try running their own business! They are still clueless AF. This generation won't survive a market crash and breadlines. I look at that one way... More bread😅
Yeah no. I'm GenX and I'm glad I didn't buy a house. Everyone always screams buy a house, but they never tell you everything else that comes along with it. How is it you can 'own your home', but other folks can tell YOU what to do with it? And don't get me started on taxes, homeowner's insurance, escrow, repairs, landscaping, health insurance, student loans, kids, car insurance, LIVING, etc. I'm good thanks.
I hear you, and it's tough out here. With rising costs, it feels like no matter how hard people work, it's a real challenge to afford basic things like a home and a car. Unfortunately, part of adulthood is dealing with those struggles, but it doesn't make it any easier. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
I lived like that back in the 90's for 6 years, it was very expensive, literally everything you do aside from just sitting parked costs money. I'm sure with planning it could be cheaper though.
For those hearing mostly "work harder" I feel its meant more like work harder not just at a job or jobs but at living within ones means. Wifi is not a necessity. All the things you THINK you need, you dont. A phone, yes. For work purposes but the nost expensive plan with all the data on top of a wifi bill. Not necessary. Entertainment is not a necessity. Alcohol is not a necessity. You have to buckle down and learn to live minimally to save and for some of us even to just survive.
You have a solid point. Living within your means is essential, especially when it comes to cutting out unnecessary expenses like premium phone plans, excessive entertainment, and other non-essentials. It's all about finding balance and focusing on what's truly necessary for survival and saving. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
Yeah, living within your means is definitely important, but it can really highlight how tough it is to get by in some places. The cost of living keeps rising, and it can make even the basics feel out of reach.
@@NdimiExperience yep ,whats worse is this virus is on its way to africa giving alone rigths to supermarkets , funiture shops,cloth shops etc and the police forbids young mothers selling friut and vegetable out of bussiness even if she would get job in this giant super markets own by foreign soon they wont been needing locals working for them but will use self services the one procent will be allowed for shares but whats in for our people, we are soon there
We understand but that is what we have been told. Plus when we have those under 40 voting for this inflation (knowing or unknowingly) trying to tell the older generation that we are out of touch well...
That’s a well-thought-out perspective. It can feel like people in my generation don't fully grasp the consequences of their choices, especially when it comes to issues like inflation or the current state of our economy. Older generations have seen the long-term impacts and it's not always about being "out of touch." Experience shapes how older generations see things, and their insights can be valuable when navigating today's challenges. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
Gen Z in Canada is getting a rude awakening, whilst supporting Trudeau and his carbon tax and mass immigration when Canada's infrastructure can't handle it. Why are groceries so expensive, why is rent so expensive?
That must have been quite the moment, seeing your first paycheck and realizing what $3.35 an hour actually meant after taxes and deductions. It's a reminder of how things have changed over the years-and how some things, like that initial shock, never do.
Just uploaded a video on The Car Payment Epidemic. Here is the link: th-cam.com/video/U0_tWqSyh5Q/w-d-xo.htmlsi=qnRhjCjhM2Za1lof
Thanks for watching, everyone! If you enjoyed this video, don’t forget to subscribe. I have more content coming, so stay tuned.
For that first guy, his journey won’t be over when he buys that first house. It will be a surprise when he gets that property tax statement every year.
Hahah He’ll surely be surprise
Property tax is scared of the bill for replacing appliances.
@@chadreads7873 dude get out of my head!! My washer just broke im looking for a decent looking used one on offerup
And a big surprise when they go to furnish the house unless they want an empty house.
Don't forget property insurance, sewer tax, water bill, electric bill, and so on....
Quit voting democrat. In life nothing is free
its the same with the right
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
@@stuartburns8298 We all remember how much better life was from 2016-2020.. You can lie to yourself, but we aint playing along
How else is America going to fund Ukraine and the illegal immigrants if you don't pay high taxes ?
You’all picked the President and you’ll probably pick the next one so not my problem Trump 2024
They LOVE high taxes, for others.
I retired recently, but during my working life I probably paid $450,000 in income taxes alone. That doesn't include property tax, sales tax, car registrations, etc.
Welcome to adulthood.
That's a significant amount of taxes paid over your working life! It really puts into perspective how much we contribute in taxes throughout our careers. Welcome to adulthood, indeed. By the way, welcome to my channel. Don't forget to subscribe and thank you for your comment!
Keep VOTING DEMOCRAT AND THIS IS WHAT YOU GET!!!
😂😂😂😂😂😂😂😂😂😂😂😂😂😂
I live in Massachusetts and people complain about taxes but they keep voting for the same people and can't understand what the problem is 😢
@@user-ph9eq2dw3r Cant refute that fact, eh?
Neither party...again, NEITHER PARTY, NOT THE DEMS OR THE GOP...is worth a tin shit on a caramel covered roof.
They're two sides of the same dirty, corrupt coin, and the people who believe differently are a HUGE part of the problem, because they continue supporting a system that is literally out to make them homeless and hungry!
Gen Z were the ones complaining about minimum wage being to low. They got it to around $15/hr and they wonder why prices are going up. Maybe they should have taken economics in high school.
They also can't figure out why, when their pay is raised to the point where the boss can't afford to keep them on staff, they get laid off!
@@ConservativeGrouch that's true
This is exactly what I was going to say!! Where did they think that minimum wage increase was coming from??
I'm a little over 50 years old I've seen minimum wage go up three or four times and every time prices double or more
Now they mad that fast food jobs are being taken over by robots
Weird how my son and his wife just bought a house. Maybe because they don’t have car payments (drive old paid off cars), they don’t have the new $1200 smart phones, they don’t buy $10 cups of coffee, they saved and scraped and he worked 2 jobs and saved some money. It took a couple years but they moved in last month.
That's a great example of living within your means and making smart financial decisions! It’s all about prioritizing what matters most and being disciplined with spending. Your son and his wife did it the right way, and it paid off. Congrats to them on their new home!
And its costly to run a home with insurance and taxes.
Save some money from each check. It adds up quickly. Stop voting democrat.
Invest the money in a conservative investment at 4%. This will keep the money growing ahead of the 3% yearly national rate of inflation.
As a kid, I asked Mom why you just didn't have a bank account that you can't touch until 65. Mom's wise answer: "Because then they couldn't steal from it."
@@JobyFluorine-ru4bd This exchange occurred before they even had IRAs-----in the mid '60s.
when they bought a house back then , they worked and paid taxes also boohoo
These clowns ignore a few simple facts. The cost is determined by the buyers willingness to pay the price. When over paid keyboard ITC billionaires started paying $1m for a view for a $150k apartment, it drives the price up for ALL properties in that area.
Otherwise live in Fort Wayne, IN., where the median home price is $169,485
If you want people to be paid $25/hr to flip a burger and say 'would you like fries with that', it means the burger WILL cost more.
That means it ALL costs more. You vote for inflation economics, you pay more.
Welcome to the real world.
But the market value of that house probably didn't increase $20,000 a year.
And they didn't make as much money either , but we survived
Yes and col and wages were much less. God there dumb
Vote Trump. 2024 and let’s get back to affordable.
WE MUST PAY FIR 20 MILLION ILLEGAL IMMIGRANTS TO HAVE FREE FOOD, HEALTHCARE AND HOUSING! You voted for them to come.
Anyone who votes left has no right to complain about taxes.
TRUMP 24 !!! MAGA !
💯
And the current (D) running for President is on record to raise taxes on the top 1%. The ORIGINAL income tax was for only the top 1%... promises promises. Oh, not enough income tax, OK, maybe the top 5% or 25% or 50%... "mission creep" isn't just for government programs but their taxes too.
You DO NOT want the government to do your taxes.
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Facts
mmmm K... Welcome to the ADULT world kids.. 🤣
How do you think free stuff gets paid for😂😂😂😂
People love free stuff lol😂🤣
This is what happens to every one of these kids that where out supporting policies like Tuition Forgiveness, Medicaid for everyone.. ect.. Until they have to work in the real world and see how much this actually costs them. Then they change their tune and all of a sudden Taxation is theft.. It kills me they're allowed to vote when they know nothing about the world.
No one should be able to vote until they have had to support themselves for at least 2 years. I don't mean living at home. I mean out supporting yourself completely.
No matter who never vote blue or our country is through
Liberal tears over taxes are delicious 🤌🏻
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Thank the government for all the taxes we gotta pay
Personally I could not care less about what gen z wants or thinks. So sick of gen z!
Watching “liberals” become conservatives in real time
They will complain but refuse to look in the mirror at the person who voted for Biden/Harris. It's your own damn fault.
Unfortunately, that's not the case. They will still vote Democrat because their broke friends do
The fourth episode of the first season of "Friends" aired on NBC on October 13, 1994. Rachel gets her first paycheck from Central Perk, the first paying job she's ever had. Upon looking it over, she says, "Who's FICA? Why's he getting all my money?"
😂😅🤣😂🤣😅
My wife as a new US Citizen...
When she first started working (which was legally)...
Looked at her paycheck and literally said the same thing!!!
🤣😂🤣😂🤣😂
So glad, I bought a house when Trump was president when things where still affordable.
Make Food Affordable Again! TRUMP 2024!
😅
😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Lucky mfer😂
Me too!
To the gen Z that can't buy a house . . . I am a Boomer and I understand your frustration. It is harder for your generation and paying market rate rent all your life is a form of indentured servantry, especially at today's inflated rates. If you are forced into that position you will probably never have a comfortable retirement. Please realize that it was easier for our parents than it was for us to buy a house, and every generation since has had it tougher than the last. There is twice as many people on this planet now than when we were your age and they are competing for fewer resources. That makes everything harder to get. We need laws that stop big Wall St. REITs and other investment firms from buying up single family homes. We need to build starter homes and builders need to offer special financing to first time buyers. We need lower interest rates, lower property taxes and lower insurance rates. We need to elect politicians that will get this done. We need to stop electing politicians who believe that building high density rental housing is the answer to the housing crisis they created and start building homes that Milin's and Gen Z's can afford to buy. We Boomers do care, but voters continue to elect politicians that want to force them into "15 minute cities" or "infill" housing in the 'burbs renting from some big corporation or local investment company until the day they die. It has to start with governance, are you getting what you voted for?
My uncle worked for Boeing for 35 years and died 2 years after he retired.
I'm really sorry to hear about your uncle. Working for 35 years at a company like Boeing shows a lot of dedication, despite what's been happening lately. It must be tough knowing that he passed away just two years after retiring. That’s a hard situation, and it really makes you think about the balance between work and enjoying life after retirement.
@@NdimiExperience I'm in the retire as soon as possible camp, unless of course you love your job or livelihood.
Way more to life than work.
@@jskyg68 Yeah, there's more to life than just working
@@NdimiExperienceexactly
My father died the same month of his retirement
Hmmm 🤔 do you think maybe electing people with good policies might help?
😂🤣😂 Wait till you buy that house after 30 years and the courts gives it to your feminist wife for free. Don't worry, you can always live in your Prius or a tent at your downtown homeless camp. Let's go Scamala. 🤣🤣😂
Thats life kids , we all went through it.
@@Vtxra23 yeah that’s life💯
My kid 28 bought his house 2 years ago. How ? He went to work and didn't blow money on crap. Saved what he could and never drove anything new .
Whine whine whine. Every gen cried about taxes and cost of living at your age.. grow up gen Z and put away all those participation ribbons you were given growing up.
I was making $14.50 an hour in 2018 and was able to purchase a fix er' up, house for $91.000. Not one of these children, saved any money for a down payment or even stepped into a bank and asked what they needed to do to buy a home. However, they did buy an expensive phone with expensive cell service so, they can complain to other little children that do the same things as they do.
Well, pretty insane to keep voting for the same people and expecting different results.
Better to owe a little, than giving them a free loan of your own money.
Welcome to the world of Biden/Harris economics. If you voted for Biden/Harris you got what you asked for.
How you vote affects your ability to buy a house financially. Quit voting for the party offering free things. Free things raise everybody else’s taxes.
Vote for Trump 🎉
This economy is devastating. Our son works, and is in college and is barely making it even living at home. Our daughter works full-time, and has to live with us as well. When my hubby and I were her age (25), we bought our house, & that was in the 90s
The "Z"s don't realize that everything is relative.In 1979 we bought our home after my discharge from the Navy. We were making about $30,000 with both of us working full time. For the next ten years I worked 23 hours a week overtime, three hours a night and every Saturday. I even took call outs in the middle of the night. Our mortgage was at 17%. Over the years I was able to refinance until it was down to 4%. In 1984 I was laid off. I started a business that lasted until my retirement. I was working even more hours and barely had any time off. And then there was the thrill of having immature childish employees who partied on the weekends and thought I was rich. None of them knew I was making 8 truck payments every month. Or that I was paying for 1/2 of their Social Security every month and Unemployment Insurance. I paid for all the maintenance on the trucks as well as gasoline. Or that their auto accidents caused my vehicle insurance to climb. All they knew is that I was charging a certain amount hourly for their labor and how little of it they got. Many times I just wanted to chuck it but that would mean going to work for someone else again.
Your wages will go up over time and the mortgage will become a smaller part of your expenses. At that point you can probably pay extra on the principal part of the mortgage, even one payment a year would make a difference since the interest is mostly paid on the first 1/2 of the mortgage term. You also pick up deductions that will reduce your taxes at the end of the year. Some advice. Don'r overpay income taxes all year and expect a refund. The refund is not a savings account. It's lending the government money interest free.
I don't know anyone who could afford their house at first. It made for lean times because the mortgage came first for payment. If you really want to be angry think of this. My mortgage has been paid off for years but we still pay taxes on the house. It's where part of my Social Security check goes. And we still keep seeing prices go up on everything.
Social Security plans started in Germany during Bismark's term as Prime Minister. When Roosevelt started it here it was simple. Pay in and collect when you retire. But over the years Congress added more reasons for payments. Disability is one.Social Security Insurance is another. What counts as a disability is another. I have a brother who has collected for years because his propensity for using drugs is a disability. He's collected more than he ever paid in. Your vengeance on the system is to live as long as possible and collect more than you paid. Welcome to the Rat Race. The Rats are winning.
That doesn't even count Congress dipping into it now and then to pay for pet projects and then never putting it back
My retirement plan is total societal collapse.
For those that are upset about taxes "Welcome to the real world and the ranks of those that have to pay for the student loan payments. If the government would stop taking money out of SS and repay the money they have already stole from the SS system it wouldn't be a problem."
I'm Gen X and I cannot afford to finance a house ANYWHERE. You'll never hear me tell Gen Z to "do what I did and you'll get ahead." I'm smart enough to know that the world has changed and my 20th century advice might be obsolete in the 21st century. Getting financial stability is much harder for Gen Z than it was for previous generations in the USA. Our prices are much too high (housing, college/trade school tuition, food, gasoline, utilities, cars, etc.).
The poor are ment to stay poor and the rich stay rich, thats how the system works it is designed purposfully to make it hard for you to move up the economic ladder, its not impossible but very difficult if everyone was rich who would work? Tax the rich, they cut into your pay, lay people off it only hurts the workers
You voted for this, isnt it great?
I could teach these guys in 1 minute how to make enough money..but they won't listen..😢
You guys are wimps! I am 63 and everything was the same for us! I did buy a house until 1999 at 38 years old paid off in 15 years. It was $300K now isn’t worth anymore but they value at $500K! I worked investing Billions and the worst investment was buying a house! Nothing lasts anymore and I have spent over 1 million to have a home. When I went to work after college which was useless-I got $6,000 taken out of a $13,644 check I became Conservative overnight☮️
It sounds like you've had a lot of life experience and learned some tough lessons along the way. Buying a house, dealing with taxes, and investing. Definitely gives you a unique perspective. It's no wonder your views shifted after seeing how much was taken out of your paycheck. Owning a home can be expensive and sometimes feels like more of a burden than an investment. Thanks for sharing your story, it really highlights how our outlook on life can change with experience.
Gen Z, welcome to the world of politics that you created voting the Democrats to power
What this dude doesn't understand is back when you could buy a house for "A walnut & a penny." The minimum wage was LOW!!!!!!!!!!!!!!!!! You're making probably 20 times now what they made back then. But back then nobody complained about it, they just worked harder!
He is 100 💯 right the world is different than before working harder brings you health issues not wealth! I'm 56 and not one penny saved due to all kinds of life issues, children , problems, taxes, everyday living
I’m a gen x and couldn’t afford to buy a house until I was in my 30’s, few people could afford to by a house at 24 in the 80’s or 90’s oh, and many years and I worked 2 jobs too
Yeah but on 2024 houses are over 500k and the living wages haven’t gone up at all still at $15 if your lucky
They want free tuition, medical care, child care etc. Guess who is going to pay for it with interest.
Everything has taxes on it. EVERYTHING
7 years ago, the house I bought was over 4 times my yearly salary. Took me 20 years to save living with no frills.
Wow, saving for 20 years to buy a house. It’s tough when home prices are so high relative to income, but your commitment paid off!
@@NdimiExperience I saved until I had just over 30% down payment which drained my bank account but made payments less than rent. Now, (still skipping) I have enough in the bank to pay off the 30 year mortgage if I needed/wanted to.
No fancy phone (IP6 / tracphone @ $100/year)
No fancy car (96 mustang bought new)
No cable or other subscription TV (watch OTA broadcast)
Eat out maybe 4 times a month and less than $12 for the meal.
Social Security takes out & pays it to the Gen before you. Boomer paid for the Silent Gen & Gen X paid for Boomers. Gen X got told in the 90's that Boomers would wipe out SS for them & they were not going to be able to retire, own homes & would be in apartments. So most Gen X was like F This I'm creating work balances & side hustles.
Exactly that's what we had 2 do and take care our children and family members
And if we are lucky and managed to get Social Security is not going to be anywhere near enough to live off of
Im guessing he dont realize when my parents bought that house for a walnut and penny the yearly income was a sunflower seed and 1/10th of a cent
The first house I bought was 25 times my annual salary; interest on mortgage was 18%. This fkn kid thinks it was a walnut?!! Awww, Poor babies. Welcome to adulthood. Maybe appreciate yr parents hard graft to get you here.
I say to this guy, "who did you vote for?" Growing up I spent all my money on my apartment and car payments. I didn't go out for FUN all the time.
But I had a nice place to live and a car to get around. I was independent. We need Trump 2024!
I bought my hose in 1980, I was making 18K, what are you making now? My dad built his in the 50's wonder what he was making at that time?
Because nothing says equity like hoses.
Get your heads out your asses and vote for Trump
See all the “free” food, free health care, free rent, free rides with their parents took from all including them, managed care 90’s poverty laying everywhere!
I haven’t paid taxes in 5 years. I didn’t make enough. I’m 46 and I’m living with mom. I can’t even afford rent by myself. Bills and groceries are insane. I bought some organic grapes for almost $15!!!!!
Im a millennial, a convict, an addict, drop out, who began having kids at 19.. I have 4 kidd, and just bought my 2nd house!
I didnt have nice cars, I didnt buy cell phones, take vacations, we didnt have internet and cable, we clipped coupons, and saved.. We went without, and lived WITHIN our means, and saved for our future! I just turned 41, and my 1st house (a craphole in Baltimore) is paid off
Wow, that's an incredible journey! Congratulations on buying your second home!
@@NdimiExperience The plan WAS to use the paid off home, to pay for the new home, to avoid ridiculous loan rates of today.. But, with 4 kids, (two of which are adults) we are letting our kids stay at the townhouse to get started, rather then pay too much on rent from someone else.. Seeing cheaper mortgages than rent, is an endless source of frustration! Rent pricing is out of control.
But, with an influx of millions of immigrants, theres never a shortage of tenants, so the rent prices keep increasing
Good job brother coming from a gen xer
Better make sure to get that vote in for Trump.
You did know that people in the early 70"s were making 2 dollars and hour, and they bought homes , what you're making $30 an hour and you can't afford it, someone's priorities might be off a little..
The real question is , how much am i suppose to pay?😂
Sorry that living in a society requires all of us to contribute. I for one appreciate having emergency services, my roads plowed and maintained, public libraries, protected open space, a strong military to defend us, etc etc etc. Getting rid of taxes would cause our country to collapse.
That's a good point. Taxes do fund critical services, but it's frustrating when we see funds directed to sectors that seem unnecessary or inefficient. It feels like some areas could use a closer review to ensure tax money is being spent where it's truly needed and not wasted on things that don’t benefit the majority. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
You can buy houses for under $50,000. There are plenty of websites out there for it. $7,000 cash got you a nice down payment.
NO MATTER what your politics VOTE TRUMP -MAKE SOME $$$ - BUY A HOUSE - BE HAPPY for a FEW YEARS -
TRUMP will do great things for everyone - you'll be sick of winning!! AND-WE can GET BACK TO THE FLAME-WARS IN 2028 - If that's what you want. ...DEAL!??
And to the girl in the pink hat ....
Because people are living longer and cost of living is going up ...
Why is that such a hard concept or math to comprehend???
It's not a hard concept at all. With people living longer and the cost of living rising, it's basic math that expenses and financial needs will also increase. It’s just reality. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
Remember you look at the amount of Social Security on your check in the employer has to pay the exact same amount to Social Security so if your Social Security taxes $100 the company has to pay $100 so security is getting $200
"all I do is work!"
Welcome to 1998 buddy
Bought my house in 2007.
My state, they have like 80 taxes attached to registering your car. AND you get fined multiple times for THE SAME ISSUE! Even with reciepts to prove, they do not care. They know you need your car so they force you to pay it.
Woow that's crazy. It seems like they’re taking advantage of the fact that people need their cars and forcing you to pay up. That's just unfair, I would move out if it was me.
@NdimiExperience exactly. We just had to pay almost $300 AGAIN for an issue in 2021. We had all the receipts, a car registration from after that in 2021. They wouldn't even look at them. Pay $300 or walk. And on top of that $300, we had to register the car which was ANOTHER $130!!
We are definitely trying to move out of this state.
$200K is cheap for a house lol
Keep voting blue... 🤷♂️
These idiots don't realize that in the 1960s minimum wage was less than $5 an hour. The houses weren't as cheap as you think when you compare the wages paid back then. Yes it was easier, but not as easy as you think.
It was less than $5 an hour in the 1980s when I started working, in things were everything was a hell of a lot more expensive than in the 60s and 70s, get my wife and I were able to put up scrimp and save enough to buy a house and property
They should try running their own business! They are still clueless AF. This generation won't survive a market crash and breadlines. I look at that one way... More bread😅
maybe now they will pay attention to what they vote for...... if they vote.
Im 26. This is bidennomics. They ask why vote trump. Idk what kind of man he is. I care about my money.
Yeah no. I'm GenX and I'm glad I didn't buy a house. Everyone always screams buy a house, but they never tell you everything else that comes along with it. How is it you can 'own your home', but other folks can tell YOU what to do with it? And don't get me started on taxes, homeowner's insurance, escrow, repairs, landscaping, health insurance, student loans, kids, car insurance, LIVING, etc. I'm good thanks.
If your country has enough money to give to other countries, your taxes are too high.
I'm genuinely wondering how that girl owes almost 8 million on her taxes.
She might have entered incorrect information. It’s hard to imagine owing that much unless something went really wrong
Welcome to real adult life. They tax us till death.
They can’t do it for us because they can’t see our deductions
I pay 1225 in rent. Shit is always late 🤦🏾♂️
I feel for your generation truly it’s so sad no matter how hard you work you still can’t afford a home and car
I hear you, and it's tough out here. With rising costs, it feels like no matter how hard people work, it's a real challenge to afford basic things like a home and a car. Unfortunately, part of adulthood is dealing with those struggles, but it doesn't make it any easier. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
...the worst part of the game!
Tell me about it kid.
Welcome to real life!
He told you already 🤣🤣🤣🤣 Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
i literally dream of just owning a big decent van and living in it
I lived like that back in the 90's for 6 years, it was very expensive, literally everything you do aside from just sitting parked costs money.
I'm sure with planning it could be cheaper though.
But these very slow individuals will still vote blue
For those hearing mostly "work harder" I feel its meant more like work harder not just at a job or jobs but at living within ones means. Wifi is not a necessity. All the things you THINK you need, you dont. A phone, yes. For work purposes but the nost expensive plan with all the data on top of a wifi bill. Not necessary. Entertainment is not a necessity. Alcohol is not a necessity. You have to buckle down and learn to live minimally to save and for some of us even to just survive.
You have a solid point. Living within your means is essential, especially when it comes to cutting out unnecessary expenses like premium phone plans, excessive entertainment, and other non-essentials. It's all about finding balance and focusing on what's truly necessary for survival and saving. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
That’s why it’s called gross pay. Because it’s disgusting how much they take in taxes.
Stop voting for the people that give you what you don't want. Research and learn to make better choices.
Well I’m over 40 n I will say keep voting democrat n this is what u get! Before Biden, Trump had the economy working well.
Pay things you can afford and you will see how poor you are in this countries
Yeah, living within your means is definitely important, but it can really highlight how tough it is to get by in some places. The cost of living keeps rising, and it can make even the basics feel out of reach.
@@NdimiExperience yep ,whats worse is this virus is on its way to africa giving alone rigths to supermarkets , funiture shops,cloth shops etc and the police forbids young mothers selling friut and vegetable out of bussiness even if she would get job in this giant super markets own by foreign soon they wont been needing locals working for them but will use self services the one procent will be allowed for shares but whats in for our people, we are soon there
We understand but that is what we have been told. Plus when we have those under 40 voting for this inflation (knowing or unknowingly) trying to tell the older generation that we are out of touch well...
That’s a well-thought-out perspective. It can feel like people in my generation don't fully grasp the consequences of their choices, especially when it comes to issues like inflation or the current state of our economy. Older generations have seen the long-term impacts and it's not always about being "out of touch." Experience shapes how older generations see things, and their insights can be valuable when navigating today's challenges. Welcome to my channel, by the way. Don't forget to subscribe and thank you for your comment!
*_#CHECKDUDE_** brings back memories. my first one, i **_#REMEMBER_** saying, **_"who _**_#DAFUQ_**_ is _**_#FICA_**_?!?!"_*
Gen Z in Canada is getting a rude awakening, whilst supporting Trudeau and his carbon tax and mass immigration when Canada's infrastructure can't handle it. Why are groceries so expensive, why is rent so expensive?
I remember that look when I opened my first pay check back in 1986.makeing $3.35 an hour.
That must have been quite the moment, seeing your first paycheck and realizing what $3.35 an hour actually meant after taxes and deductions. It's a reminder of how things have changed over the years-and how some things, like that initial shock, never do.
Anyone who feels this way wake up and dont vote for the ones that put you in that situation.
Humbly, please Pray over your finances, practice Dave Ramsey's advice and Donate when you can . . . choose the better side of Karma😇.
No one wants to pay taxes
Over 40 here not going to say work harder going to DON'T vote for Dems . Here is a suggestion read up on Kennedy