Tag: assets
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Whole Life is NOT a Good Financial Vehicle | Reaction Life180
Whole Life is often presented as a financial vehicle but the more we review, the more we can’t see how this fits into ANY financial plan. It’s expensive, produces terrible gains, but most importantly, it has an astronomical opportunity cost. Not to mention, everything that’s done in a whole life plan can be done by…
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The First $100k is a B*tch | Begin Investing 2023
Charlie Munger stated “The fIrst $100k is a b*tch” and was adamant that a new investor do anything to get to the $100k number. Why is it so hard and what’s the significance of $100k?
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How Do I Invest My $11k a Month Income? | Fan Finances
Getting started in investing is intimidating. There is a lot to know, however, when you’re starting out, you only need to follow a few simple steps. Wealthy Idiots fan @rnt45t15 asked us how to invest his $11k a month income. While we don’t offer financial advice over YouTube, AJ explains how he got started and…
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Asset Allocation: don’t miss out on the investing fundamentals
An often overlooked financial principle is that of asset allocation or ‘AA’ as it’s commonly referred. No, it’s not the same as alcoholics anonymous. Although, if you ignore your AA for long enough you may be pushed to drink a little too much. If you’ve already bolstered your savings rate, you’ll certainly want to readRead…
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Dave Ramsey is putting Fear in people for no reason | WI Reaction
Millionaire Renee is crying because Dave Ramsey and crew put the fear of debt in her for no reason. Her new relationship is now struggling because of Dave Ramsey’s one size fits all advice. AJ explains why she has nothing to fear and provides better advice than simply saying “Get out of debt at all…
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Wealthy Idiots Talk Cash, Financial News, and 2023
AJ and DC get together once again to talk about cash, like when to have it and when not to have it. Strategies to prevent spending and maximizing investments. They also cover what is currently happening with the recession, federal reserve and Sam Bankman-Fried. Lastly, they talk about what to think about for 2023!
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Dave Ramsey finally says Real Estate Debt is OK! Wealthy Idiot Reacts
It finally happened! Dave Ramsey admits Real Estate debt is ok! The caller is struggling with what to do with her first and only rental property. AJ’s answer is different from Dave’s, however, Dave does agree with AJ!