In this episode, we discuss the new and looming mortgage crisis of 2020. We talk in depth on how the current climate is going to impact the housing market, how bank's are going to be more strict in proving loans to home owners, and how this will cause a domino affect and make housing prices go down within the next 2-3 years due to less demand. We also discuss how the no eviction status and home owners option for forbearance on their mortgage is going to contribute to this crisis. 

We also discuss the new proposed $2,000 a month stimulus package. This package is proposed to every adult over 16 for the next 6 months, with a possible extension of 6 more months if unemployment is still high. We talk about the implications of this being passed and how this will impact the country. 

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Show Notes:

Topics for today:

Mortgage Crisis of 2020

New proposed stimulus package of $2,000 a month

Mortgage crisis

Lenders to be more strict (Ask for more down payment, better credit scores)

Homeowners opting for forbearance (meaning they'll have to pay the money back in a bulk after the time period discussed) 

Homeowners cannot evict tenants not paying rent

These two items will cause a lot of foreclosures

New $2,000 a month stimulus package

Would be 6 months long, with another 6 months if situation does not get better

Would apply to any adult 16 and over making less than $130k a year ($260K for families).

Would get an extra $500 per child up to 3 children.

Still needs to go through the house than the senate than the president

Would cost the government around $400-500 billion a month.

In this episode, we discuss if YouTube is a good money maker / business to have! We dive in this topic with our own personal experience on how we ran our YouTube channel F&H Reviews and Tutorials!.

We discuss how we got started into YouTube, How much money we made and how we optimized that. We also discuss affiliate marketing which was another great source of revenue for us. In YouTube, you have to focus on SEO as well to help grow your channel so we spoke a great length on that on how we were able to conquer that hurdle to help grow our channel to 5000+ subscribers!

YouTube can be a great investment source for you as well, wether it is a side hustle or a full time gig, you can make a lot of money on YouTube. We currently average around $800 a month on YouTube. Our goal is $1,500 by year end, but really i am personally aiming for $2,000 a month by the end of 2020. This is a great passive income for people as well once you put in the time and effort. The best thing is, my main money making videos are the ones i published over 6 months ago. So it truly does fall into the passive income range. 

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Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

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Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

Is youtube a good business?

Our main channel F&H Reviews and Tutorials. 

 Money - We make on average $800 a month

We upload 1 video a day

Channel is 1+ year old.

Best month was $1500 due to videos going viral.

Live anywhere

Freedom

Extra money

Affiliate marketing brings us $50-100 a month depending on seasons

Sponsorships

Free products

Work Involved

Finding niche

Took 2 months to get monetized

Time and effort

Research (topics)

Skills (video editing, Photo editing) 

SEO

In this episode, we discuss the top 5 investments you should have before and during the recession. These are essentially recession proof investments that have bode really well though many previous recessions. Items such as core sector stocks and real estate have been one of the best investments and wealth generators one can own! So be sure to listen all the way until the end to get a perspective on why we believe these are the top 5 investments to have!

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Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

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Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

What are the top 5 investments to have during a recession?

Core Sector Stocks

Healthcare

Utilities

Consumer goods

Reliable Dividend stocks

Make sure their debt to income ratio is low.

AT&T

Microsoft

Real estate

Since the 2008 crash, real estate has done good. 

House values drop, but rent actually increased

Precious Metals

Gold/Silver

Invest In yourself

No one can take that away from you.

In this episode, we discuss the 2 trillion dollar stimulus package that has passed and what you should do with the $1200/2400 that you will receive. We mention our do's and don'ts for the money coming in. We prioritize how you should always have an emergency fund and if you do not have one definitely start to work on that now using this cash is coming in. We talk about how you are eligible to receive this cash and what you need to do to receive it. 

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Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

Public: (https://share.public.com/BrokeMillennialFinance)

Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

How to get the $1200 stimulus package check

What makes you eligible?

Making less than $75k ($150k combined) but up to $99k ($198k combined). It starts to phase out when your over $75k ($150k combined)

Filed 2019 taxes, if not 2018. If you did not file you are not eligible.

What should you do with this?

Put it aside in your emergency fund.

Place it in a high yield savings account like Ally.

Invest it in the stock market

Splurge on something luxurious

Invest in yourself 

Start a youtube channel/build a presence online.

In this episode, we discuss the current market situation on how this recession is coming, or as some say is already here. We talk about how you can best prepare yourself on being in the best position possible and how to prevent any possible economic downturn that may come into your life. We also discuss how you can profit in this recession as well! 

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Subscribe To Our YouTube Channel: (https://www.youtube.com/c/brokemillennialfinance)

Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

Public: (https://share.public.com/BrokeMillennialFinance)

Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

Is A recession coming? How do you prepare?

How the stock market is currently

The S&P 500 and Dow Jones Industrial Average are trading in bear market territory, and now sit around 30% below their all-time high levels from just last month

Feds slashed the rates to near 0%

All news outlets saying we are already in recession

CNBC/Barrons/WSJ

1M jobs will be lost every month

Unemployment to double.

What to do?

Budget everything carefully

Cut all non essential items

Look at your expenses for the past 60 days. List everything out and see what you are spending on and cut out the bs.

Build up an emergency fund for 6 months to prepare.

Pay off debt as much as you can if possible like a credit card with a high interest rate. 

Start a side hustle (youtube, drop ship, Fiverr, etc)

In this episode, we discuss the what is cryptocurrency and if you should invest. This is still a very risky asset that if you purchase, will be highly volatile and can make you lose a lot of money, or it can make you get some unimaginable gains. 

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Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

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Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

Intro. What is CryptoCurrency

Different types of crypto

POW - Proof Of Work

You work for the coins so you mine it

POS - Proof Of Stake

These technically auto mine

Hybrid POW-POS

A little bit of both

Other types such as POC - Proof of concept and more

Should you invest?

This past week has been a blood bath. Crypto dropped 50+%

But overall crypto is up

It is a good price time since it is low.

This drop was caused by fear of corona.

In this episode, we discuss the what to do when the stock market starts to drop due to the Coronavirus panic sell off. We give some insightful tips on how to make money during this period and best practices on how to not lose money.  

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Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

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Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

What not to do

Many investors panic and start to sell

Media hypes up negative headlines

They sell at a loss just to get out.

What you should do

Sell stocks partially if you think they are too high. Think Tesla

Perfect time to buy stocks that are now at good levels. 

See what the current negatives are (coronavirus) buy pharmaceutical stocks

In this episode, we discuss the main difference between Real Estate Investing and REIT. We talk about the pros and cons of both and go in depth with our own personal experience on which one we prefer over the other. 

Help support us by joining our Patreon! (https://www.patreon.com/BrokeMillennialFinance)

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Subscribe To Our YouTube Channel: (https://www.youtube.com/c/brokemillennialfinance)

Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

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Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

Types of real estate investing

Multi family

Single family

Condos

Commercial

Vacation homes (airbnb)

Types of RIETS

Commercial

Retail

Housing (residential/apartment complex)

Pros of Real estate 

Physical asset.

You are the owner, you make the decisions of what you want it to be.

Appreciation and forced appreciation

Cons of real estate

Not liquid. 

Not truly passive income. Still have to manage

Costs money to maintain. Can swing in any direction.

More work and time 

Pros of RIETS

Truly passive.

Good growth YoY

High dividend return

Highly liquid

Cons of RIETS

No control, you do not make the decisions

Can swing with the market and drop significantly.

Dividends taxed at a higher rate

In this episode, we discuss what is real estate investing and if it's worth it. We go into detail about the different types of real estate invest as well as the pros and cons of each type. The different types of real estate investing we discussed are buy and hold, flips, house hacking, wholesale, BRRR, turnkey, commercial and much more!

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Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes:

Different types of real estate investments:

Buy and hold

Flip

House hack

BRRR (Buy, Rehab, Rent, Refinance)

Wholesale

Turnkey

Commercial

Pros of real estate investing

One of the best wealth generators in the world

Tax advantages such as the 1031 exchange

You control your investment

Appreciation or property

People always need a place to live!

Cons of real estate investing

Not truly passive.

You will deal with headaches in the beginning.

You will need to build up a system to figure out what needs to be done. Once you have a system in place (which most investors cant) than you will have some ease

Can be a cash drain depending on the property

Not truly liquid. Cash not easily accessible

Property can be vacant for a long time depending on many reasons.

High risk such as mortgage, turnover, negative cash flow, unexpected maintenance.

In this episode, we discuss what is investing and how you can get started! This is a beginners guide to show you what you need to do to get started. Below are our show notes regarding the episode.

Help support us by joining our Patreon! (https://www.patreon.com/BrokeMillennialFinance)

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Here are the referral links for you to join to get your free stocks:

Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/)

Public: (https://share.public.com/BrokeMillennialFinance)

Robinhood: (https://join.robinhood.com/naveras-a23246)

Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)

Show Notes: 

What is investing?

Investing is the act of allocating funds to an asset or committing capital to an endeavor (a business, project, real estate, etc.), with the expectation of generating an income or profit. In colloquial terms, investing can also mean putting in time or effort - not just money - into something with a long-term benefit, such as an education.

Why you would want to invest 

Types of investments 

Stocks

Crypto

Mutual funds

RIETS

Easiest places to get started 

Robinhood 

Webull

Coinbase