Comments by "Daniel Bradford" (@Falconlibrary) on "How Money Works" channel.

  1. I love getting financial advice from a generation whose job hunting experience consists of walking into a place where they wanted to work, asking if that place had an available job, and getting hired on the spot.
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  2. My parents bought their first 3/1 house in Wichita, Kansas for $5k in 1955. Their combined annual income was $8k. That house sold last year for $370k.
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  3.  @jvssocialmedia2459  One thing Boomers really hate (besides the younger generations): facts that expose how cushy they had it 😂
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  4. I know for a fact that in Los Angeles and Miami, at least, a high percentage of the "luxury housing" being built is part of a massive international money laundering operation. My niece is married to a construction manager for a Miami-based firm and they've told him they don't intend to sell nor rent the units; the company will instead borrow against the value of the apartment buildings and invest that money elsewhere. Dirty money---->converted to real estate------>real estate used to secure access to a loan of "clean money" = laundering complete
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  5.  @bradleypeterson2208  Are the jobs worth having? Americans work a month longer than they did in the 1970s, have fewer benefits, and pay hasn't kept pace with inflation. Of course you have a high turnover when jobs are crappy.
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  6.  @sd-ch2cq  😂😂😂
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  7. @dougn2350 TDS is real 😂😂😂😂 Not EVERYTHING is about Trump buddy
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  8. I'm 59 and I can tell you that past a certain age, it's difficult to work. You get mentally and physically wiped out, even if you love your job. Not only that, but good health is not a guarantee. I was in "perfect health" (my doctor's words) four years ago and then had a series of strokes. It's inhumane to force people to work until they die, like we're plow mules.
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  9. Boomers can't grok why younger generations despise them. Same reason farmer despise locust swarms.
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  10. Most employers have responded to the worker shortage by simply putting more work on the employees they do have. I'm a retired teacher. School districts are responding to a severe teacher shortage not by raising wages nor luring older teachers back into the profession, but by increasing class sizes.
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  11. "Andrew Ross Sorkin, financial columnist for the New York Times and author of Too Big to Fail, the bestselling book about the 2008 financial crisis, thinks it’s a bailout. “It is a bailout. Not like 2008. But it is a bailout of the venture capital community + their portfolio companies (their investments)."--From today's Guardian UK
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  12. Yeah, but I'm just an ordinary guy and I could've told you all of that without listening to Ramsey's bloviating and libertarian moralizing. And I would've done it once and then shut up.
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  13. "Eff them kids" is pure, undiluted Boomerism. Worst generation ever.
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  14.  @gjd424  Oh, I should sell my rental properties, too. 😂😂😂
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  15. The most fundamental flaw in "everybody can get rich" is that being rich is the ultimate pyramid scheme: only 5% of the population can be rich because they need the 95% to rent their properties, etc. If EVERYBODY is "rich", then who's picking up the garbage and waiting tables?
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  16. Not an accident
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  17.  @justinh2701  You're right. I canceled my $8.50 a month Netflix subscription and will have enough saved for a house by 2089.
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  18. 1. Try to invest 10% of your gross income into a tax-deferred IRA that invests in low-cost indexed stock funds. If you can do more, great. Start doing this as early in life as possible, and never invest money that you need for daily living. 2. Have six months of living expenses (the bare minimum) in the bank. 3. Don't buy new cars. 4. Live below your means. 5. Buy a house instead of renting. This advice won't work for everybody, because many Americans are forced to live paycheck to paycheck. It's not that they're spendthrifts; it's that American capitalists refuse to pay us what we're worth. The minimum wage hasn't gone up since 2009, and it was inadequate 13 years ago!
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  19. Bluto was right in "Animal House" when he said "My advice is to start drinking heavily." Also, smoke and eat whatever the hell you want and hopefully die by 50 or 60.
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  20.  @filteredjc4653  "I paid $11 a month for a 3 bedroom apartment and I assume it's still $11 a month now!"
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  21.  @cooperaiken8148  And you forgot to mention you were subsidized by the Bank of Mommy and Daddy, Little Lord Fauntleroy 😉
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