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Maxwell Benz
Jack Morgan RLP
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Comments by "Maxwell Benz" (@Tential1) on "Living Pay Check to Pay Check .....The American Way" video.
Most people don't track their spending, you can't improve what you don't track.
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6:36 despite all the insanity, the stock market is still up 80%+ over the last 5 years.... You miss out on extra money waiting in the bank, while everything inflates around you. Why are you so obsessed with cash? Why do you want to hold a medium of exchange that sucks? Everything is cash.... You can trade anything for anything.... Dollars are convenient... You pay a huge penalty for that... Why?
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Most people just need to start saving $50 a month. Once I did that, and put it into stocks, and got returns, the snowball was easier to pick up. Once you see your net worth growing, then you don't want to spend your money on other junk you want to keep growing it. Problem is, most people don't track it cuz they don't use an app like a mint or personal Capital (now empower)
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