The Wealthy Idiots Show

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In financial news the May jobs report is out, interest rates might go up, stocks rebound from the debt ceiling debates, and a lady found what!?

In this weeks reaction, AJ breaks apart how the Dave Ramsey method may not be safe enough!

And lastly, AJ shows how big purchases early in your life can destroy your financial independence.

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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:51 May Jobs Report...Does it look good?

02:13 Debt Ceiling Debate is Over?

05:15 People are betting the Federal Reserve Does This With Interest Rates.

06:57 Stock Market Rebounded? Why?

07:45 A Lady Found What On a California Beach?

09:01 AJ Reacts to Team Ramsey Giving Risky Car Purchase Advice?

23:56 AJ Shows how major pruchases when you're young is the number one killer of the American Dream

35:43 Conclusion

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This week in personal finance news the debt ceiling debate still rages, inflation is slowing but no where near our goal, the federal reserve might be changing their minds on interest rates, CNN reviews what they believe is the top 5 financial misconception, AND there was an explosion at the pentagon that cost the stock market over $500 Billion!

Full Weekly Report: https://youtu.be/ZuCmRJlpXrg

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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https://twitter.com/WealthyIdiots​

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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:52 Debt Ceiling Debate Still Rages

02:17 Federal Reserve Doing a Full 180?

04:40 CNN's Top 5 Personal Finance Misconceptions

11:08 Explosion at the Pentagon cost the S&P 500 over $500B

13:14 Like and Subscribe

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Don't miss this weeks news report covering the debt ceiling debate, future interest rate hikes, top finance misconceptions and an explosion that caused a $500 billion loss!? AJ covers an iced coffee hour clip where Dave Ramsey unintentionally endorsed using debt for real estate. Lastly, these faux financial experts make some of the worst money math mistakes .AJ shows how these simple misunderstandings can cost you MILLIONS!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:53 Debt Ceiling Drama, will the US default on it's debt?

02:17 Will interest continue to rise and cause the next recession?

04:40 CNN outlines 5 financial misconceptions...how did they do?

11:09 Explosion at the pentigon caused the stock market to lose $500 Billion! But What Really Happened?

13:18 React to the Iced Coffee Hour where Dave Ramsey admits debt is ok...on accident?

35:04 How do people get simple finance math so wrong? And why are these people always selling Life Insurance? Life180

43:25 Conclusion...visit wealthyidiots.com

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Is the next great depression on it's way? What most people said in response may shock you! Why is Gold Mining picking up? And what is happening with the debt ceiling?

See Full Weekly Episode: https://youtu.be/J2bhJJnQ5O4

The Wealthy Idiots Website:

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Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:10 Over 50% of Americans Think Another Great Recession is Coming!

01:42 40% of US Drivers Are Stressed About Paying Car Insurance

03:06 Gold Mining is Booming Amongst Investors?

04:14 Monetary Metals...AJ's Favorite Precious Metals Solution

05:35 Debt Ceiling Crisis is Still Underway...But Now People Want Uncle Joe Biden To Use The 14th Ammendment?

09:37 San Diego Man Does Something Amazing!

10:21 Conclusion

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Don't miss this weeks news report and reaction video. People polled are confident a recession worse than 2008 is coming, Gold Mining Bonds are becoming more popular, update on the debt ceiling debates, and a San Diego man visited how many countries? Also, don't miss our expert response to Dave Ramsey totally getting credit cards wrong!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:33 Americans Fear Recession Worse Than 2008

02:13 40% Of US Drivers Are Stressed About Auto Insurance Costs

03:37 Gold Mining Investments are Booming as Investors get Nervous

06:07 Should The President Use the 14th Amendment to Solve the Debt Ceiling Crisis?

10:08 San Diego Man Visits Every Country

10:59 Reaction of the Week; Dave Ramsey's Video "How Do I Discuss Wealth With Pro-Debt People?"

24:19 Conclusion

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In Chapter 2, R. Nelson Nash attempts to show the human conditions that prevent us from making smart financial decisions or thinking outside of the box to find new solutions to problems. Ironically, he may end up proving himself to be falling trap to these human conditions in his very own book!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

In this episode, DC covers the various investing fees that can eat away at your hard-earned investment gains! After hustling to build your nest egg, the last thing you want to do is pay unnecessary fees that can be easily avoided. Take a listen and find out how!

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The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

https://www.facebook.com/wealthyidiots​

https://twitter.com/WealthyIdiots​

https://instagram.com/thewealthyidiots

Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

Full Weekly Review: https://youtu.be/qyuBa4vlxtE

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Dave Ramsey's plan for buying a house will damage your financial peace plan. He wants you to do everything backwards.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

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Personal Finance News: Nick Cannon, Student Loan Forgiveness and the End of the World!

Checkout the full Weekly Report: https://youtu.be/qyuBa4vlxtE

The Wealthy Idiots Website:

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Social Media:

https://www.facebook.com/wealthyidiots​

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Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Nick Cannon Needs $100 Million...so what would we need?

00:36 Student Loan Payment set to Resume

03:33 Meteorite Falls on Home Signaling the End Of The World!!!

04:25 Debt Limit Meetings Pushed Back. No Resolution Yet

06:14 Tax payers are set to pay for the bank collapse of 2023

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Expert Reacts to Nick Cannon, Dave Ramsey, and Whole Life Bible 'Becoming Your Own Banker' (ch2)

Top news of the week, Nick Cannon needs $100 million in income, the world is ending, and find how who is footing the bill for irresponsible banks. AJ also reacts to Dave Ramsey's terrible plan for saving for a house. And he destroys the poorly written Whole Life cult book 'Becoming Your Own Banker' by tearing into chapter 2.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj

Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:36 Weekly Financial News Report

09:39 Reacting to Dave Ramsey "Saving for a house"

26:10 Book Review "Becoming Your Own Banker" (Chapter 2) by R. Nelson Nash

41:23 Conclusion