![Why The Middle Class Is Financially Ruined – AGAIN](https://iml-jp.com/wp-content/uploads/2021/11/Why-The-Middle-Class-Is-Financially-Ruined-AGAIN.jpg)
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WHY THE MIDDLE CLASS ARE RUINED:
1. 45% are not invested in the stock market – AT ALL.
Even though stagnant wages, exorbitant housing costs, and high inflation are ABSOLUTELY a factor…at the end of the day, throughout most budgets, there’s also some level of “wasteful spending” that goes unnoticed. For example, one survey found that the average American wastes $1500 per month on non-essential purchases, and ANOTHER found that Millennials spend more money on coffee than they do on retirement.
2. 60% of workers DO NOT contribute to their employers retirement accounts.
For example, a 401K allows you an upfront tax deduction for everything you contribute – thereby lowering the taxes you pay. A Roth IRA allows you to pay taxes today, and then – get to keep 100% of the profit, without having to pay a dime of tax back to the IRS. Or, an HSA allows you to deduct contributions for medical related expenses – all of these are meant to keep more money in your pocket, long term.
3. “Men were more than twice as likely to say that they weren’t investing out of a fear that they would lose money.”
Even though NOTHING is guaranteed in the stock market, and losing money is almost ALWAYS going to happen at some point – the good news is that there ARE ways to ensure that you NEVER lose more than you can financially recover from, by recognizing that 40%+ drops are rare, diversification helps, and you should STAY OUT OF CASH.
I think it’s no surprise, at this point – every single year….the purchasing power of our money is losing value. So, the choice becomes…invest money in the stock market, which has ALWAYS been profitable over 20 years…or, hold on to cash and NOT invest…which, has ALWAYS been UNPROFITABLE over 20 years…
4. DEBT.
The FED recently surveyed and broke down the average American debt by category…and, among that, was a $5000 auto loan, a $2780 credit card balance, a $5730 student loan amount, and an additional $1490 for miscellaneous expanses that had yet to be paid off. By paying down debt, you’ll have more money to invest, long term.
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Pensions are the boomer frauds that broke the planet. They own the stocks vote to cut your wages, and environmental protection in favor of short term profit… and were financially miss manged just like the banks.
i wish i learned this in school
Hmm What’s up Graham, It’s guys here…
some of the articles were published in 2019… it would be great for more recent news as I read in 2020, more people are investing
my biggest question who’s to say the market will always go up???
☝️☝️I have something huge and profitable to introduce to you 💥💥
You should mention NFT’s and Samurai Doge
☝️☝️I have something huge and profitable to introduce to you💥💥
Did you just said “What’s Graham it’s Guys Here !!!” ? 🤔
Thanks for commenting, for investment tips and Mentorship drop a DM☝️
Modern man is not the man who goes off to discover himself, his secrets, and his hidden truth; he is a man who tries to invest himself in something beneficial for the future
I’m not here to converse for him but to testify just for what I’m sure of, he’s trust worthy and best option ever seen
@Hermosa I’ve seen different recommendations about this Pro trader, he must be very exceptional for people to talk this good about him.
The economic hardship , recession , unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures .
I am very glad I stumbled on this today writing to him now, really hope he can help me my Investment portfolio is really in mess😓
I’d rather discover myself. Have fun being modern in your little Tesla driving to Starbucks
I bought a stock u suggested in a video a while back. Ticker symbol is SWYPX and it’s doing wonders, thanks graham
Graham’s biceps are getting bigger with every post.
Hit me up on what-sap 👇i have a huge and profitable investment to introduce to you.
Why in our first world country are we over charged for everything? Regulated so fucking hard with a cost of living unaffordable for a single (white) male in America
CAT GIRL 😺
I am surrounded by the people who say they are going to work till they die. So many of the people I work with got this great paying job and live above their means.
Thanks for watching,,,
Send me msg right away.
👇👇👇
What’sApp⁺⑴⑵0⑶⑵⑼⑸⑷0⑻⑴.
That coffee and airpods comment hurt lol
The bottom line is Americans are not interested or want to learn how to invest in the market. Even when given the opportunity to learn for free, they just don’t care.
For the algorithm
You sold Tesla at $1020 , everyone don’t listen to this bot
People don’t worry about retirement accounts when worrying about bills today.
Newsflash. Poor people are poor and Rich people don’t understand just how poor this means
What are u talking about with stagnant wages…..rising wages are one of the biggest drivers on inflation……burger flippers are making 15.00 an hour…….The same education available to the rich is also available to the poor…….ALSO, the wealthy are less likely to freak out when stocks go down and buy instead of dump….
We are middle class, and growing our wealth every year….
Let’s go Brandon.
In your opinion do you feel like now is a bad time to invest into reits like fundrise?
🔝.
Bitcoin and chill. Stonks are dumb.
Thanks!
➕① ⑨②⑤-②③⑧-②⑤⑨⑤.
Thnx graham! 💫
All these retirement account are like magic trick from rich people to give you ilusion of a better future when you are old. I see no point on Starting rocking at 65 years old with all these câncer and heart deseases around. The system is unfair and its fucked
I’m 21 I feel my generation will bring back the middle class within 5-7 years, me and my friends invest and my goal is office medical work and realestate…. I will be a millionaire one day no excuses
big follow of yours. I lived in LA 20 yrs, and now in florida. really love your channel and am working on mine actually as well. what software do you use to edit? keep up the great work. you are an inspiration to me 😉
When you invest, you are buying a day that you don’t have to work.
I pray everyone reading this becomes successful.
Nice one ☺️
@Felix George is he really that good? I have heard alot about him from my colleagues at work.
Nice testimonies.
Amen 🙏
Mark J. Ramsey is a scam.
I wonder why you never advise or joke or comment about investing in Whole Life Insurance while all these insurance peddlers keep saying stocks investing is too risky, it’s better to get a guaranteed 3-4% in insurance policies
The small amount of spend I have on the little joys is what keeps me from swallowing multiple led pills. 2k per month to survive and be functional at work. If there is all this magic wealth somehow being created, we as a society, need to start seeing more of it because otherwise violence and civil unrest will happen. People need to be able to own their homes and the value of their labor to its full capacity so that the majority can be comfortable enough to observe and make informed corrections to the direction of the populace. Otherwise, a minority of oligarchs will insulate themselves from the problems, horde resources to this effect, and entrench the systems that allow themselves to be protected in their positions of privilege
I started a mutual fund when I was in high school. Bought a house when I was 23. Then the housing market crash destroyed everything. I’m now 40 and finally getting back to financially secure.
I got screwed over by other people that got bailed out while I did everything right.
Thanks for watching send a direct msg right away What’sApp✚𝟷𝟻𝟶𝟺𝟹𝟽𝟺𝟾𝟽𝟸𝟿
So your solution to a systemic issue is just… have more money so you can invest? I’m not saying it’s bad advice, individually, but we are not dealing with an individual issue. These solutions need to be paired with much large plans for where we can this country to go economically.
Another FREE way to learn about macro-economics is to watch documentaries on streaming services like Hoopla and Kanopy.
I’ll say this again. My retirement plan is a glock and one bullet in a safe
Blaming poor people for poor people problems… nice. Try working and living on 40k a year and see if you’d still be preaching this nonsense. Side note: I make 135k a year but I did work at Walmart and lived on 20k a year, so I’m very much aware why low income people can’t have high income “hobbies”
filtering out most people is the name of the game.
Great video, Graham. Basic personal finance education is grossly undervalued. When I see the new generation of workers upset with their situation, I hear a lot of blame. I think taking a simple class like Financial Peace or something similar can really change their perspectives to do the best that they can within the system they are given. Should we be proponents of change? Yes! Should we wait around for that change before we adjust to our surroundings? No!
Great video Graham thanks
I just want to say how much I do not like the ring lights. everyone freaking has one and they have the alien looking pupils and it freaks me out
@graham stephan
How about a video on the fed raising rates 🤙
Great video Graham
my new poem
> oh baby oh baby
> wen da 1st time u sed hi
> wen i passed by
> u luked so beautiful
> with love my heart was full
> i was lost in ur eyes
> u wer like angel in the skies
> u smell like rose
> which pleases da nose
> i want to hold ur hand
> n walk with u in da heaven
> n i wana talk to u
> frm seven to seven
> u r like a star
> in da sky v far
> ur face is so bright
> like a moon light
Thanks
IT ALL COMES BACK TO MONEY PRINTING, WHY THE STOCK MARKET IS AT AN ALL TIME HIGH AND KEEPS BREAKING. ONCE THE PRINTING STOPS THE MARKET STOPS AND BITCOIN WILL BE ON TOP
Well you better buy some then.
I’ve lost 98 pounds watching Stephan graham videos
How much is that in U.S. dollars.
Imagine walking along a ridgeline in the snow. Debt is down one side of the ridge, wealth the other. You start rolling a snowball. In the beginning you have complete control. Soon, this snowball is going to get away from you and roll down one side. The side it goes depends on the habits you build now. Do what Graham says, your wealth will grow.
good thing i am poor class
I posted a comment on how to do a bulk removal of scammers in the comments section, but Youtube keeps removing it. I guess it must work
Max Waher 🧐🤣🤣
Hit me up on what-sap 👇i will like to introduce you to a good profit making investment
➕① ⑨②⑤-②③⑧-②⑤⑨⑤
Thanks for the video man!
⬆️⬆️📥
Working in retail, I realize we live in a society that programs us to buy stupid stuff just because . Imagine how much you could invest and accelerate your process to earn freedom if you did not buy stupid sht? U DO NOT NEED IT.
Due to advice I got in my early 20s, I always use cash to pay for health expenses and only tap into HSA if absolutely needed. I’m glad I listened as now I keep my out of pocket max in the HSA and invest the rest which now greatly exceeds my out of pocket max. Now that I’m in my early 30s it’s less stressful saving money by choosing a high deductible plan. I only wish I invested in the stock market earlier on too.
I think people are just giving up on the american dream. Since that dream just keep running away from you further and further. Everything more and more expensive, meanwhile incomes stays the same as they used to. The government printing more and more money is not helping the case, the more and more dollars it exist, the less each dollar is worth. For the rich this doesnt matter at all, but for the poor and the middle class, this makes the world of a difference.
What’s up Graham It’s Guys here!
Graham, just remember that you decided a long time ago that you were not going to be a victim.
47% of American chose differently.
Send a direct message>/
They don’t have money for investing? But yes to Netflix Starbucks and expensive phones. I have a200$ phone and make money off of it. Well i trade forex make almost 30k a month depending you know. Started off with 1k. Yea sure took me long time to save the 1k to trade but I was a dumb millennial. Until I started to get hungrier even with ramen every day.
Actually let them spend what they don’t have more money for the rich so they can blame the rich as always haha.
Reach me 👆👆👆
Dividend investing now and hedge with some bonds if you are near retirement age.
Thanks ~~~~/
Imagine he releases a shirt that say, What’s up guys it’s shirt here. 10/10 would buy
Hey graham! I was wondering what your advice would be for this situation say you’re 21 60k in debt (car and credit cards) making 60-90k a year in sales no kids or wife have a paid house that values around 200k willing to take an equity loan for 100k. What would you invest in? My goal is rental properties but you might have a different route in mind!
Stop buying things you do not need. That alone will help dramatically.
Do you plan on investing into more rental properties?
graham can you make an ethereum video?
start your own business and invest your money on your business, if u fail keep trying thats the way you get rich, not stocks
Helping algorithm
Send a direct message>//
We drink coffee because it perks us up for our job that makes us barely enough to live but not invest
Graham please don’t drink before you film video. Because when you drink all you see is like button 😁
I feel gratefull that the only debt im in rigth now is 200 down from doge coin lol, learned my lesson but ive been more into etfs now and im catching up. Im 18 and cant wait to buy a bunch of Shrek copies once I take all my money out in 30 to 40 years!
🔝
what middle class? lol hasn’t been one for awhile now. it’s poor, or rich. I’m not even gonna bother watching this. I like some of your videos but I see zero point in watching this one so I won’t lol
S&P500 fund are the investment
Thanks!
You got it! Thank you SO MUCH!! 🙂
One percenter lectures the plebes on why they should stop being poor
40 bucks for OF gtfo you’re already rich LMAO
Can we get a video on SIMPLE or SEP IRAs?
Thanks ~~~~//
Send a message>//
8:51-Pfffffff!
Nasdaq 100 gives over 10% annual return and outperformed s&p 500 in the last 25 years!
Democrats ..that’s why
So, what Grant is really explaining is that the “TaX tHe RiCh” folk have no idea about how finances, taxes, economies or stocks/bonds work. Being financially illiterate is easily changed, but refusing to believe such is truly the crutch that the “TaX tHe RiCh” folk cling to for dear life.
Wʜᴀᴛsᴀᴘᴘ ᴍᴇ 👆👆
I’m curious how you manage your portfolio/ keep track of those assets. Especially because you seem to be trading on a lot of different brokerage platforms. How do you keep track of the total amount of a certain asset spread over all those platforms, how much you paid on average especially if you make partial sales. I don’t feel like checking the dashboard of each of those platforms is going to be a good way to keep track of how things are going. Maybe a video idea? Although that’s probably closer to accountancy than financial content.
“Whats up gram its guys here”?? 🤔🤔
After quitting college I tried to explain to a lot of people why they should invest. They called me a bum, when I just felt like I would be screwed by the system. Now I lay around watching YouTube and “smashing the like button” when they are civil engineers with fancy titles and parents approval but working 80 hour weeks and underpaid in their salary pay.
how did you get that gnarly bruise on your arm? blink twice in your next video if youre a victim and need help.
What? Click bait garbage!
they have nothing left to invest but they have money for “savings”, “miscelaneous”, “vices”, “entertainment” ?
Down below.
The economy has been screwed since 1971. Everything else is just piddling about timeframe.
I agree. Financial literacy should be a required class in high school. Just last year, I finally considered myself financially literate after reading personal finance for dummies. Now at the old age of 23, I am now saving for retirement and perhaps early retirement!
Hey Graham, you are one of, if not, my favorite YouTuber. I watch all your videos and regretfully don’t hit the like button as much as I should(I generally watch on my Roku but that’s no excuse). Anyway, I have you to thank for inspiring me to make a YouTube channel of my own! I just started posting again but I just thought I’d give credit where credit is due. Kinda a pun but again, thank you for the inspiration!!
Sounds like a huge gap between the wealthy and the middle class. I think that setting up a percentage with your job to take out every pay cycle will help give the middle class gain some room to build wealth.
Life hack: major in a high paying field, don’t have kids= retirement at 50
good stuff
Gave my first like today 👍 great video
I love you Graham but your haircut needs some love
Let’s Go Brandon
Thanks for your comments…for inquiries and Investment..hit me up 👆👆