Comments by "Financial Shinanigan" (@FinancialShinanigan) on "Minority Mindset" channel.

  1. Seems like the great reset and market crash has been predicted every year lol
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  2. I remember Marcus by GS paying 2.2% in their high yield savings account 2 years ago. Now it's 0.5% which explains why money is flooding the stock market as there is no other reliable place to keep up with inflation.
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  3. Paying down a mortgage with a low rate might reduce returns (if you invested that in the stock market) but having peace of mind of a paid off house is immeasurable
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  4. Been waiting for a real estate crash since 2011 lol
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  5. Jeff Bezos asked Warren Buffett why people don't follow his simple investing strategy. WB: "Because no one wants to get rich slowly."
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  6. Sometimes, the fear of a recession causes a recession
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  7. I'm just not buying things until next year lol
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  8. Here before the "I hope you're the one to break the poverty cycle in your family" comment guy
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  9. Hopefully this pandemic slaps some people into better financial sense.
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  10. Buffett earning $700 million in KO dividends means nothing to the average joe that doesn't have billions to invest Work overtime, get promoted to raise your income and live like you're poor and invest the rest. But you need income to receive even $10,000 in dividends a year
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  11. There's a reason why teaching people how to time the market is more profitable than actually timing the market.
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  12. Passive income is amazing, I earned $1,000 from stock appreciation and $40 in dividends in March!
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  13. Besides cashbacks, I use 0% APR credit cards to pay no interest while holding the fund in a CD earnings few percentages a year. When time comes, just pay off the balance and start anew.
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  14. Everyone on TV has a crystal ball but we'll see who's right when this is all over.
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  15. Who wants to be a landlord of 100 units?? Even with great property managers, you have to hope 100 tenants aren't crazy and burn the place to the ground. I'd rather own growth stocks, collect some dividends, and get rich through capital appreciation.
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  16. Set smaller goals, instead of getting to a $1 million portfolio, I'm aiming for $50,000 then $75,000!
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  17. People who didn't think the coronavirus was a big deal will go out in mass, some of them will get sick, they will blame whoever they want as usual.
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  18. Capitalism for the poor, socialism for the rich
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  19. Going to be a very steep K-shaped recovery
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  20. The Fed standing in front of a burning house yelling EVERYTHING IS FINE!
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  21. Don't worry, I'm singlehandedly keeping Chipotle afloat.
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  22. Old marker: Active income New marker: Passive income
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  23. Jobs available aren't attractive even when you're drunk
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  24. Everyone: ummm don't you remember what happened in 2007?? Banks: yeah, but money!!
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  25. I love when people spend money to make me rich by buying products of companies I invest in!
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  26. FED needs to get over the fear of causing taper tantrums and do what's necessary!
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  27. The only online education I need is from Minority Mindset
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  28. While working at Starbucks, I took advantage of a stock program where I could buy SBUX at a 5% discount and I'd sell for slight profit to buy other conviction picks. Employee have options, they just have to use it.
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  29. Middle class needs a name change to "Funded By Debt" class
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  30. Stock market investing is how I'm earning side income and grow my wealth!
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  31. The stock market transfers money from the impatient to the patient
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  32. I'm $10,000 in credit card debt but at least I have this Wells Fargo shirt!
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  33. Luckily my mom doesn't charge for the basement.
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  34. Hopefully some of your taxes pay for the potholes in NJ and NY so my commute is less bumpy
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  35. I do that diet too, the "I already f'ed up so who the hell cares" diet
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  36. Rich use debt to buy assets. Poor use debt to buy liabilities.
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  37. "What's your greatest weakness?" * Wait a few minutes * "I get distracted easily"
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  38. Don't be a slave to money, don't go into debt and have money work for you by investing!
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  39. My favorite passive income is with the stock market, up $7,000 overall in 2 years with companies like Uber Disney and Paypal
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  40. Big takeaway from this video is don't fly Spirit
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  41. Does this mean I can finally afford a house before real estate investors snap them all up to rent back to me at a premium??
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  42. My coworkers complain about being broke while buying $13 salads for lunch even though we can eat at the employee cafeteria for $1 a day smh
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  43. Don't let emotions dictate your investing & stay invested!
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  44. I'll patiently wait for mortgage rates to go down, only for Meet Kevin and other real estate gurus to buy them up and make videos on how to make money on real estate!
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  45. You'd think high taxed states will lower theirs to attract more business and people smh
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  46. Hopefully home prices crash enough for us to buy and real estate gurus and institutions don't swallow up all the inventory
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  47. All these financial podcasts repeat the same information, shows how simple getting rich by investing actually is and we just need to stick to it.
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  48. When poor you becomes rich, the poor will claim you cheated or were secretly born wealthy
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  49. Give it a few decades, anyone can become a stock market millionaire
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  50. "A house is not an investment" People in Toronto are confused
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