Comments by "Daniel Bradford" (@Falconlibrary) on "The Growing Problem With Personal Finance YouTuber "Influencers"" video.

  1. 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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  2. 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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  3. 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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