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Open enrollment tips to help you financially triumph in 2023
Each year, we’re given a fresh start in the most basic sense: you throw out the old calendar and hang a fresh one! On January 1, 2023, the sun will rise and you’ll make various resolutions, whether that means working out for the first 10 days of the year, making a pledge to cut downRead…
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Lost $1,000,000 With This Investing Mistake | Wealthy Idiot Reacts
Debbie wrote in to the Dave Ramsey show explaining how she lost money with her investment strategy and what she did in the 2008 crash. Her decisions lost her over $1,000,000!!! People make the worst decisions when acting emotionally when it comes to money and investing. AJ has made the same mistake as Debbie but…
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Personal Savings Totals Would Surprise You!
Personal Savings Totals Would Surprise You! Personal Savings is key for weathering any storm like a recession or constant inflation. But recently, the data around person savings would outright surprise you! AJ and DC covers what’s going in the world of personal finance and gives you the data you NEED to know!
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The Whole Life Scam; Is Infinite Banking Real or a Con?
If you’ve been researching personal finance on Youtube, you’ve most likely seen a Whole Life Insurance sales person assuring you that Infinite Banking is most definitely NOT a scam and also…make sure to buy their product. Dave Ramsey went out of his way to make sure his audience knew NOT to buy Whole Life and…
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Lifestyle Inflation is the Great Wealth Destroyer
Most people’s lifestyle is connected to their income. Lifestyle inflation will slowly creep in on whatever income they have, making it nearly impossible to save and invest. AJ explains that your lifestyle shouldn’t be based on your income at all but something else entirely.
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Dave Ramsey; Totally WRONG About the Economic Collapse (2022)
Dave Ramsey arrogantly made predictions about the housing market in the early summer using incomplete data. Now, Dave is making the same mistakes regarding the 2022 economic collapse. AJ explains what’s happening using data and corrects Dave’s statements about the current federal reserve actions.
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FINAL: 2023 Social Security Pay Raise
Over the past few months, there has been much discussion on the estimated Cost-of-Living Allowance (COLA) for 2023. We’ve had various estimates ourselves, but without the final CPI-W numbers, it was largely speculation, especially early in the year. The Verdict The final COLA, effective Jan 1, 2023, will be 8.7%. This figure applies to SocialRead…