Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
It's kinda funny juxtaposing the topic of this video with an ad for a data privacy company, because every one of these apps almost certainly makes money by building a spending profile on you and selling that data to whoever wants to buy.
I live like this almost all the time. Came in handy when I got laid off! I thanked myself. Even though I had just purchased a car in cash, I didn’t miss a single bill over my period of unemployment. Very glad to have a job again :)
George, I usually love all your content. These apps are not money making apps! Some save you money but you are trading your data for "some savings". For people who are trying to get out of debt pointing them to deals may make them want to spend more than is in their budget even though there is a disclaimer. I'd be curious to see how much money you made on each app.
I've tried nearly all these apps and most were a waste of time. The only one I've kept is honey. Credit card cash back when used responsibility has made me thousands more than any of the apps on this list.
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I think of it this way - merely putting $1m into a CD at 5%, you're making $50K per year. If you can swing that for the next 10 years, go for it. But then again, if you have to pay taxes on this $1 million, you should consider working for another 5 years
I'm quite lucky exposed to finance early, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help generate cashflow by investing. As of today, my return on investment has yielded over 300%, summing up approx. $1.3m. Stay motivated friends
@@JamesWillock this is huge! your advsor must be grade A, mind sharing more light on your investing experience? in dire need of proper asset allocation
Can't divulge much, I delegate my excesses to someone of great expertise ''Karen Lynne Chess'' preferably you can look her up on the web, her qualifications speak for itself.
Can you make a video geared towards college students finding ways of saving money? Sites for scholarships, ways of saving money on food, stats on average networth, most common student side gigs, etc? I’m an accountant trying to spread financial literacy in my social network.
Unidays is kinda like one of these discount apps, it can get you discounts on school supplies and food (though most of it is for fast food so not great), plus you can take quizzes for giftcards. I only ever used it to get a new laptop for school, I never used it for anything else
I'll try to sound as respectful as possible just because I am somewhat new to the channel but for credit cards, things that I am forced to pay like bills, what is the down side of having and using a credit card? I would like to be rewarded for things I am REQUIRED to spend money on. Never buy something you can't afford to pay in cash, don't keep a balance on your card, pay in full. I understand a credit card is not meant for some people, potentially most people, but I can't understand what is wrong for a credit card used responsibily. Can I get cash back on my debit card? Or is it just the principle of "Oweing someone money" even if you pay it in full. I can completely understand how rewards can incentivise people to buy stuff which is a dumb decision but for someone who is REQUIRED to pay for something like bills what is the downside?
Great Question! Hopefully George will hit you up directly. I side more with you on your thoughts about this. But to answer your question: I believe The Ramsey company and its affiliates take a mindset of cash at all times. They also have stats to support that opinion. Although I cannot rattle off the numbers from the top of my head, the stats indicate that even people who are "good" with their credit card paying it off in full and never carry a balance end up splurging on things they don't need and thus spending more than necessary; robbing themselves from money they could have 1) paid off debt with 2) used to save 3) used to give 4) used to buy something they truly wanted /needed. Or, in other words, cc end up causing a HIGH majority of users to technically lose control of their spending causing money leaks (large or small). And a big cornerstone of the Ramsey philosophy is knowing and controlling where every dollar is spent. Another stat they will reference is how cc that are used as a "safety net" or as a way to pay bills ends up becoming (or is high risk at becoming) an excuse to spend on things that are more than bills or emergencies. And this losing control of your money. Although what you're suggesting is reasonable in in my opinion, and the side I lean towards, technically it does put you at the aforementioned risks. Remember this idea: 80% of drivers on the roads today Believe they are in the top 50% of good drivers. That means some people out there are being fooled and they just don't know it. Same goes with credit cards.
Essentially, no. Ramsey and his crew “teach” people that all forms of debt is bad, even if it’s for a day or two; simply paying with a cash back Credit Card, for things you’d already have been purchasing, and then paying it in full, daily, weekly, etc. So even using it for items Such as gas, groceries, utilities, etc. are a no-no to them. In a practical sense, it’s completely asinine; but they’re trying to be consistent, and not hypocritical, basically. Kind of like an alcoholic excluding themself from even events that serve alcohol, because it’s a temptation They’d also tell you to get a 15 year loan, at a higher rate than a 30 (which to be fair - is impossible) - simply from the idea that your debt will be paid “quicker” You have to pick and choose which principals work for you.
I have no fancy financial degrees but i have always had good skills with making and saving money. It's really easy but so many folks are in the hole just by their own fault,
They briefly put out a line of LGBTQ themed children's clothing around this time last year, which included chest binding and tucking swimsuits. There was an intense albeit far too brief backlash and they lost nearly 10 billion as part of it. They are now dead to a lot of parents.@@ShenieceCan
I don't think saving dollars and pennies a week is what's stopping folks from being millionaires. Maybe it's good for a single vacation after decades. I don't think the juice is worth the squeeze.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
It's kinda funny juxtaposing the topic of this video with an ad for a data privacy company, because every one of these apps almost certainly makes money by building a spending profile on you and selling that data to whoever wants to buy.
So basically creating the problem that his sponsor solves.
I am happy to say I don't need these apps. I spent $0.00 this month on things I don't need.
Yes!
Bingo!
I live like this almost all the time. Came in handy when I got laid off! I thanked myself. Even though I had just purchased a car in cash, I didn’t miss a single bill over my period of unemployment. Very glad to have a job again :)
George, I usually love all your content. These apps are not money making apps! Some save you money but you are trading your data for "some savings". For people who are trying to get out of debt pointing them to deals may make them want to spend more than is in their budget even though there is a disclaimer. I'd be curious to see how much money you made on each app.
I've tried nearly all these apps and most were a waste of time. The only one I've kept is honey. Credit card cash back when used responsibility has made me thousands more than any of the apps on this list.
I noticed that too and later today I've noticed they updated the title to "money saving" rather than "money making"
@@polarablues64 oh wow! Good call!
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
depends on your expenses but most people retire with less a million in retirement assets. you can seek advise from a certified advisor
I think of it this way - merely putting $1m into a CD at 5%, you're making $50K per year. If you can swing that for the next 10 years, go for it. But then again, if you have to pay taxes on this $1 million, you should consider working for another 5 years
I'm quite lucky exposed to finance early, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help generate cashflow by investing. As of today, my return on investment has yielded over 300%, summing up approx. $1.3m. Stay motivated friends
@@JamesWillock this is huge! your advsor must be grade A, mind sharing more light on your investing experience? in dire need of proper asset allocation
Can't divulge much, I delegate my excesses to someone of great expertise ''Karen Lynne Chess'' preferably you can look her up on the web, her qualifications speak for itself.
Can you make a video geared towards college students finding ways of saving money? Sites for scholarships, ways of saving money on food, stats on average networth, most common student side gigs, etc? I’m an accountant trying to spread financial literacy in my social network.
Unidays is kinda like one of these discount apps, it can get you discounts on school supplies and food (though most of it is for fast food so not great), plus you can take quizzes for giftcards. I only ever used it to get a new laptop for school, I never used it for anything else
i heard that qapital is a good app
I'll try to sound as respectful as possible just because I am somewhat new to the channel but for credit cards, things that I am forced to pay like bills, what is the down side of having and using a credit card? I would like to be rewarded for things I am REQUIRED to spend money on. Never buy something you can't afford to pay in cash, don't keep a balance on your card, pay in full. I understand a credit card is not meant for some people, potentially most people, but I can't understand what is wrong for a credit card used responsibily. Can I get cash back on my debit card? Or is it just the principle of "Oweing someone money" even if you pay it in full. I can completely understand how rewards can incentivise people to buy stuff which is a dumb decision but for someone who is REQUIRED to pay for something like bills what is the downside?
Great Question! Hopefully George will hit you up directly. I side more with you on your thoughts about this. But to answer your question:
I believe The Ramsey company and its affiliates take a mindset of cash at all times. They also have stats to support that opinion. Although I cannot rattle off the numbers from the top of my head, the stats indicate that even people who are "good" with their credit card paying it off in full and never carry a balance end up splurging on things they don't need and thus spending more than necessary; robbing themselves from money they could have 1) paid off debt with 2) used to save 3) used to give 4) used to buy something they truly wanted /needed.
Or, in other words, cc end up causing a HIGH majority of users to technically lose control of their spending causing money leaks (large or small). And a big cornerstone of the Ramsey philosophy is knowing and controlling where every dollar is spent.
Another stat they will reference is how cc that are used as a "safety net" or as a way to pay bills ends up becoming (or is high risk at becoming) an excuse to spend on things that are more than bills or emergencies. And this losing control of your money.
Although what you're suggesting is reasonable in in my opinion, and the side I lean towards, technically it does put you at the aforementioned risks.
Remember this idea: 80% of drivers on the roads today Believe they are in the top 50% of good drivers. That means some people out there are being fooled and they just don't know it. Same goes with credit cards.
Essentially, no.
Ramsey and his crew “teach” people that all forms of debt is bad, even if it’s for a day or two; simply paying with a cash back Credit Card, for things you’d already have been purchasing, and then paying it in full, daily, weekly, etc.
So even using it for items Such as gas, groceries, utilities, etc. are a no-no to them.
In a practical sense, it’s completely asinine; but they’re trying to be consistent, and not hypocritical, basically.
Kind of like an alcoholic excluding themself from even events that serve alcohol, because it’s a temptation
They’d also tell you to get a 15 year loan, at a higher rate than a 30 (which to be fair - is impossible) - simply from the idea that your debt will be paid “quicker”
You have to pick and choose which principals work for you.
Love it! 100%. Off EVERYTHING if you DONT BUY IT!
I have no fancy financial degrees but i have always had good skills with making and saving money. It's really easy but so many folks are in the hole just by their own fault,
Your humor reminds me of Shawn from Psych. Please tell me you watched Psych, George.
@1:25 - George is advocating stealing. 😂. Just joking. I know what he meant.
Amazing programs or apps, and that help you and your child children can use to learn how to save & invest!
If you can live without it for 2 weeks then you probably don't need it.
George, how do you know the shipping time on hair gel? Asking for a friend..
Target Reloadable Card is good too! You can get the same perks and can use it anywhere not just Target. I have the debit card and reloadable card…
Im surprised no Upside?!?
Does anyone know is every dollar going to support Canadians?
Kamel Kamel Kamel!!!
Laurel Road went up to 5.15%
Mercari has no selling fees. Changes the game
Shop here often
List pleaze
Honey never does anything for me 😢
Please make everydollar available for other regions 😢
I use the free version here in Canada
Speaking of pennies, why have I found zero pennies the week I decide to start picking them up?
I really miss Microsoft rewards here .. for the rest okay list
The every dollar app is only free for 30 days. You make it sound like it's free all the time. It is not.
You only pay if you want your transactions automatically loaded from your bank.
The original version is still completely FREE.
It is free all the time. I've used it for several years. You only pay if you want the Premium version.
Surprised to see Target on this list considering the moves they've made against children.
🙄
What they do?
@@ShenieceCan nothing unless you are a conspiracy theorist
They briefly put out a line of LGBTQ themed children's clothing around this time last year, which included chest binding and tucking swimsuits. There was an intense albeit far too brief backlash and they lost nearly 10 billion as part of it. They are now dead to a lot of parents.@@ShenieceCan
I don't think saving dollars and pennies a week is what's stopping folks from being millionaires. Maybe it's good for a single vacation after decades. I don't think the juice is worth the squeeze.
Honey is a scam and you have the nerve to put is first?
Off brand Micheal knowles
So credit cards make people spend more but these apps don't. Sure. This right here is proof that George is a complete joke.
George said only use these apps for items you already planned to purchase, you budgeted for and will pay cash for. I think George said it twice.
@@donnahampton3632 Well people say the same thing about credit cards but George refuses to believe it.
Yep the irony is real. Only use credit cards for purchases you budget and can pay cash for, the same logic applies.
Fourprime token to 1B marketcap!!!!
Lol
Do you hear yourself? It's gambling you can attempt to promote, unless of course you have access to the wallet.