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Doug Andrew, and his son Aaron Andrew, celebrate the policy they sold to a CPA that lost their customer over $863k in opportunity costs!!! No amount of benefits of IUL can cover for the absolute failure of this investment vehicle. To top it all off, these salesmen massage the facts to make their scheme seem like a good idea. We won't be buying Indexed Universal Life and we don't think anyone else should either.

The Wealthy Idiots Website:

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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 whenever necessary. The viewer assumes all financial risk on any endeavors they attempt.

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Indexed Universal Life needs to be debunked and the Wealthy Idiots are taking on the challenge. Doug Andrew touts Indexed Universal Life as THE retirement tool to protect you from risk while giving you a stable income, but looking into the details, that couldn't be further from the truth. IUL does a lot of things but one of the worst is that it protects you from your greatest wealth building potential, a bear market.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

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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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Karl Domm  @REALPLSHOWN  has been trading in the stock market since the 1990s. But one thing that has bothered him recently is the growing number of people who are willing to take your money for poor, or sometimes totally fake, stock advice. AJ got the opportunity to interview Karl and find out more about his investigation efforts in exposing these stock "gurus". Karl is hoping he can help people protect and build their wealth rather than hand it away.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

Social Media:

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

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The Real P&L Channel:

https://www.youtube.com/@REALPLSHOWN/videos

Karl Domm on Twitter:

https://twitter.com/karldomm

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

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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 what he might do in a similar scenario. Oh! And don't miss the secret trick at the end of the video!

The Wealthy Idiots Website:

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Social Media:

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

00:00 Introduction

01:36 Subscribe for a chance to win $500

01:58 How Much Do You Need For Retirement?

03:31 Understanding Compound Interest

06:41 What to look for in an Investment?

08:09 What's a good return?

09:21 Understanding investment accounts and vehicles

13:32 What is the best investment type for a beginner?

17:56 How to compare investments with web tools

22:54 My first, and maybe most powerful, investing trick!

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In this podcast episode, AJ and DC dive into the latest economic data revealing an alarming trend of coming mass unemployment and skyrocketing credit card debt among those without savings. With the Federal Reserve's bleak predictions for the economy, it's essential to be prepared and know how to weather the storm. Join us as we break down the data and share practical tips to help you navigate these challenging times. Don't miss out on this vital information. Tune in now!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

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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 intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

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Dave Ramsey will force his belief on any and every situation, regardless of the financially literacy of the person calling. In this case, the caller will lose hundreds of thousands of precious retirement dollars because Dave Ramsey's advice. AJ points how Dave even contradicts himself in his own risk assessments.

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

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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 intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

Support this podcast at — https://redcircle.com/the-wealthy-idiots/donations

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With the start of each tax season, the IRS is right around the corner, and it's important to be prepared. This video will provide you with everything you need to know about the new 1099 forms, how to handle IRS audits, and much more. We'll go through the latest information and tips to help you stay ahead of the game and avoid any potential issues with the IRS. Whether you're a small business owner or an individual taxpayer, this video will provide valuable information for you. So don't wait, watch now and stay prepared for the IRS!

The Wealthy Idiots Website:

https://www.wealthyidiots.com​

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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 intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

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Our top fan,  @sarahshanahan2222  asked if we have ever considered moving somewhere cheaper during retirement. AJ explains where he has considered going and why. If you stick around till the end, AJ shares a Marine Corps story of a man who retired somewhere exotic and very inexpensive!

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 intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

Support this podcast at — https://redcircle.com/the-wealthy-idiots/donations

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What if you could money out of thin air? It turns out that Real Estate is the unlimited money cheat code for real. But what's the catch? AJ explains why Real Estate investing is so powerful but also explains the pit falls to watch out for and how to invest in real estate more safely.

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 intented to be professional financial advice. This is for enterainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licenced financial advisor should be consulted whenever necessary. The viewer assumes all financial risk on any endeavors they attempt.

Support this podcast at — https://redcircle.com/the-wealthy-idiots/donations

This TikToker get's 401ks completely wrong. So the Dave Ramsey team has to respond by completely misunderstanding Real Estate. So much is incorrect by both sides that AJ couldn't miss the opportunity to correct the record in this episode of react-ception.

The Wealthy Idiots Website:

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Social Media:

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