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86-45-24and elections might not have an impact on our finances… they really shouldn’t… but they do. The system is broken and 50% of the population is brainwashed by orange Jesus😢

If interest is more than you expect to make with the money invested, pay cash. If it's less, finance. If it's less than you expect inflation to be over the life of the loan, definitely finance and pay off as slowly as possible. Paying cash is not smart if the government is paying it off for you with inflation. You make more money by paying slowly and letting the lender eat inflation while you leave the cash you would have blown invested in appreciating assets.

Keep politics out of your money 💯 I lean conservative and all the conservative people I follow are always pushing gold or bitcoin, neither of which is a good investment.

If you’re dual income then the challenge is five years

RESPRECT THER FROO!

2:42

Caleb’s channel changed my life. I have so much hope for my financial future and a solid plan and budget to make it happen for the first time in my life.

2:57 4:51

Guys the 20 or 30 times annual income assumes to leave a big pot (or not touching the principal pot), but for singles or those who do not wish to leave a legacy to others, 20 or 30 times is not really that necessary. Do you have other suggestions or more workable formula (so far no one has come up with anything yet I believe) for singles or those who do not wish to leave anything?

Powerful stuff. 💯

How does that even make sense? How do you qualify for buying a $2-5 million dollar home when you have to put 20% down. There seems to be something very off about this. Please clarify!

2:07 2:18 Ordinary Income 4:20 Brokerage Fund 5:01

As somebody currently stationed overseas, I can tell you the majority of the world'seconomy is in flux right now, whether they are under conservative leadership or liberal leadership. As a mutant though I've never been wealthier, my market portfolio is way up, I have profit margin on my real estate ventures, cash is making me a decent return so I really can't complain about the current situation.

"earmuffs brian" 🤣

You inspire ingenuity! -- "Love for your work is key."

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

: )

What is the criteria for the people in the data to be considered a millionaire? It can make a huge difference and your statement would be misleading.

It's so weird to me to look at my home as an investment. I need a place to live and I love the house that I live in.

That third plan where you do food delivery has all but disappeared now. They quite literally pay negative amounts now after expenses.

You're a wellspring of hope! 🌟 -- "Self--belief and conquering self--doubt open the door to success."

When I bought my second house I based it on base salary alone because we were still coming out of the recession and I had seen bonuses dry up completely. This helped big time because when bonuses came back strong I was able to use the, to pay off my house. Even in a strong economy though bonuses can vary. If a company is having a down year for reasons that aren’t made fully known to the employees if you aren’t dependent on the bonus to pay your basic costs you will be in a much better position to.

Brian desperately wants to be a radio show host🤣

I needed this, I feel that a lot of people feel guilty or feel behind because they can’t get a house. I love the flexibility and the liquidity of ETFs and Index funds

Doesn't the highest deductible usually decrease with age? A new driver will have a high deductible, a young person's health insurance is likely to be a high deductible plan for that HSA... I mean life insurance rates will increase with age, but that's not a deductible.... Or am I missing something?

Would this be a fair description for a 3rd grader? The reason for investing in a Roth is that paying taxes on a small amount (current income) is cheaper than paying taxes on a larger amount (retirement income), assuming tax rates don't change and you actually withdraw more annually in retirement than you were making while investing.

We all know that George W doesn’t know how to play chess!😂

I started late but thankfully my employer matches 6% and whether you contribute or not they give me 4% extra. So I’m getting 10% to my 6%

The response to Sam’s question had me in tears of joy.

So.. An emergency fund for your business? Get it together Caleb! Take your own advice 😂

Being a millionaire doesn’t mean much these days

Why would I want to plan on my taxable income being less than my current income once I get to retirement. My goal is that my assets are paying me More in retirement than my current income

Early 90s won a jackpot. Next day at work I ask my boss what should I buy with the money, I'm thinking car or clothes. My boss said son ever heard of an I R A? By the end of the day I said to him, "So, deposit it all, boss?" Following years, I continued to contribute. It's the best move I ever made. Seriously, it changed my life!

ABB

I am soooo excited for this episode!

i remember having money fights with my wife as i bought something expensive like a mountain bike. i told her we were already paying ourselves first/ saving and investing 30% of my salary( was a sole earner and 25% even at the start of my career)and that my goal is not just to work and save but to live life. turns out she herself just wanted a 7K/yr fund for fun. this isn't for shared experiences like family vacations. i said with my income as well as savings rate that it was ridiculous to have such fights over money.

I think one thing we all can all agree on, no president will make you achieve your goals, you are going to have to it yourself

I just foreclosed on my house to make Joe Biden look bad this November.

This comment section has revealed that the car manufacturers have succeeded in convincing consumers that buyers NEED brand new cars, even if financing will exceed 3 years.

15:22 wait what? You just told people paying 30% now (Roth) in taxes is better than paying 12% later in retirement (IRA) (Brian’s troll here)

That’s because definitions change. Being a “millionaire” - or having net worth over 1M isn’t the same connotation of the moniker “millionaire” which implies you are rich. Most people can get to 1M for example in a retirement account - and by no means do people think they are rich. Inflation is a hell of a thing.

Golden handcuffs are cliche for a reason

Give me 100k per adult and 50k per child please

Good thing the Money Guy Show doesn't have another, totally different MASSIVE 25% rule. That would get really confusing.

Am I reacting to two guys reacting to another guy reacting to his own conversation with some else?

Bold of you to assume we enjoy the company of others. As a mutant, I prefer to remain in my hovel to avoid being stoned in the town square.

Taking distributions from Roth vs. Traditional, currently at least, can mean you pay less in taxes on Social Security benefits and for Medicare premiums (IRMAA). Also, since there aren't RMDs for Roths, you have more control since you don't have to take out a certain amount (and pay taxes on it) if you don't need it.

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

Unemployement is now record low, stock market is up. Election proofing could mean saving a buffer now and in the case of Trump victory selling all shares and hunkering down for four years.

sounds like you all should do a qualtrics survey to viewers