Are Finance YouTubers Scamming You

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22 COMMENTS

  1. Wait a minute……….. are you saying in order for me to be comfortable in the future I will have to continually invest 10-15% of my income towards retirement every year!? The horror!!!!!

  2. Anyone that tells you discipline, patience, hard work, and compound interest don’t work, is a scam artist. The quickest way to not get rich, is listen to those people. I’ll give you a hint, anyone that talks of financial “hacks”, is most likely a hack.

  3. I think a lot of people genuinely in 1980 you could work 3 years and pay your mortgage so they feel attacked when you tell them the truth and that it’s unfair which is very VERY scary for the future of the west my nan owned a cheap house made a decent profit on it but we grew up on government assistance on rent food all of it house doesn’t equal rich it equals nothing in financial terms you become rich over time you have helped me a lot Caleb from not saving to having a decent little pot in around 6 months it’s about financial education and I hope you sleep very well knowing you’ve helped 1 person invest and better themselves from the way they grew up Caleb taking us from generational poverty to being able to tell my kids yes where I was told no or so my kids don’t have to feel bad for the things they did get once their older

  4. the secret to wealth, is to always live as if you earn 500 less than you really do.
    1 it makes you save money
    2. it makes that saved money grow when invested
    3 it lowers how much you need to continue your lifestyle after retirement.
    These 3 points work multiplicative too, so the higher the number, the exponentially sooner you can go into retirement.

    If everyone was happy with a roof, good fresh food and lots of free time with friends and family, we could ALL be rich so easily.

  5. It's also not true that the returns are 6%-12% either. It's basically the survivorship bias effect. When we look back at all the up years and down years, we're doing so with the knowledge of who was a winner and who wasn't. On top of that, we're in a 40ish year bubble

  6. It depends on what your cutoff for being rich is. Index funds won’t get you to 8 figures without a high income. You can make a couple million but you won’t be getting limited edition Ferraris, mumtiple vacation homes, etc.

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