Kevin L. Matthews II, author and financial educator, answers questions from twitter about money and spending. Are we going into …
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Kevin L. Matthews II, author and financial educator, answers questions from twitter about money and spending. Are we going into …
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48 comments
10:08 had an opportunity to explain dollar cost averaging. You should always be buying and selling should not all be at once. Buy and sell over time.
Financial analyst here… this guy is one of the rare advisors out there who is keeping it real. Good answers without inflating his ego
I would have asked “what are the chances of me building a tech company and becoming a millionaire or billionaire?”
The credit agencies say your score is used by lenders to gauge your creditworthiness. Don’t use too much of your available credit they say. But when you fulfill your end of the bargain and pay off loans, they will smash your credit score. It’s a corrupt industry that’s in bed with the corrupt banking industry that gaslights and where bull$tng is legal and encouraged.
It's a social thing. Society expects you to "be in the groove". If you stick out, you're risky.
thank u for answering all that question.
Inflation is so dumb
Someone down the line just decided to charge for more and so that raise just trickles down to the consumer
Me, a jobless guy with 0$ in my bank acocunt watching this
I've watched a lot of finance gurus before in yt and this basically summarizes it all. The rest of the content of the so-called gurus are just making us viewers want more. That's why I unsubscribed all of them
Arizona Iced tea is famous for keeping their price fixed
In recession reason they didn’t want to call it that is because made Sleepy Joe look bad
Chunkz out here giving out financial advice is something I never knew I needed
CPA here. Please note that not all financial advisors have a duty of care. Meaning several are not required to act in their clients' best interest & are able to make recommendations based on what gives the advisor the best return or commission. Do your research & ask to make sure you're getting one who is required to act with a fiduciary responsibility!
Eat the rich!
This is all really great information for someone who had a good start ability to go to college or some kind of funds. I would like to see information for the majority of Americans her living paycheck to paycheck. You just stated if you don't have 30% of your funds to have enjoyment then you'll go into debt. Who are you talking to?
college is too expensive. I don't think it's a waste, I just think it depends on the major because it all comes down to how much you can make with that major. Join the guard or reserve if you don't want to do full time active, and you'll still get free schooling.
Reducing demands for basic goods/staples has less correlation to interest rate reductions because as you approach a certain low threshold, you simply cant reduce demand below that which is required to sustain life. Whether it is housing/groceries/healthcare these types of needs are much less likely to be improved by easing/tightening money supply.
PEOPLE !!! WHAT NOT TO LISTEN TO !!!
2.5% of the population are considered millionaires? Bulshit! It has got to be higher than that.
NFTs and Crypto is a scam. A pyramid scheme stick to index funds buy and hold.
Is rent taken into account in the DTI ratio?
Why did I go to college?
I went to college because it is necessary for my profession. There are a number of degrees that lead specifically to a profession and they are necessary, for example:
Nursing School (I went there)
Law School
Medical School
Just as an FYI – people pick stocks worse than the market "picks" stocks. So, I became a multi-millionaire on a very modest corporate salary by investing ~20% for just over 20 years in low cost stock index funds.
50-30-20 is no longer possible for an average earner. Your rent and necessities are hitting 80-90% of your salary 🙁
Good dude!
I find it unfair that your credit history is based on a average. Because I have some newer credit lines, it just doesn't matter if my oldest credit card is 12+ years old. It gets averaged out and now my credit history is 6 years.
You’re awesome!!!!!
As a very successful business owner, real estate investor this guy is a joke!
While most of what he's saying is true the way he is presenting it and the context it is very misleading. His advice and mindset is a significant reason why people stay poor
Nothing was vague/useless… I like that a lot 👏
Nothing was vague/useless… I like that a lot 👏
The difference between an advisor and a fool is often credentials. This man has credentials. The average commentor in a youtube comment does not. Consider before you open your mouth, the history you can back it up with.
that explain like im 5 years old was more like explain like im 15 years old – but good thing, i mean on 5yo is watching this video ahhahahaha
Love this guy
MUSTAAAAAAAAAAARD
"diversified credit portfolio" the one portfolio I don't want to have at all, let alone diversified…
This reeks of someone who's drunk the kool-aid
The US credit system is Wild. In Australia to get a loan we primarily look at your assets and repayment history, phone bills, rent, etc., no need to get a potentially risky credit card to show that you can manage debt.
Finally someone showing the truth about college. I'm so sick of people whining about it being a scam.
I love this channel I’ve learned so much this past week.
4:41 Thank you so much for saying this! So many people think college is not worth it. I was very low income (well below poverty line) and was able to go to college for free in California. Now I make over 6x as much as my parents’ combined income and am able to support them. For first-gen students, it is so, so worth getting that degree! I 100% believe all public colleges should be free and more accessible to everyone. One degree can be life-changing for families.
Regarding the budget rule: Should tax be included in the 50%?
I heard the 50/30/20 rule in high school and thought "yeah that's reasonable"
When I heard it again I actually laughed bc there's no way I could possibly spend even CLOSE to only 50% of my income on expenses. Rent alone is gonna be AT LEAST 30%, likely more. It's probably close to 80% expenses lol
Stocks, bonds, indexed funds. All great ways to invest.
Not one mention about cryptocurrency. And for good reason.
"diversified credit portofolio" nice
5:37 it’s also okay to go to college if you just want to learn.
I gagged at the mention of crypto.
I love him! So much information!
With the weakening dollar “being a millionaire” isn’t being rich, especially if you live in NY or CA or a very expensive city.