ha ha ha - compound interest shills

[Tanisha]

not making fun but phew what a stretch

View: https://www.youtube.com/watch?v=y7E_C9E_Iw0

 

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[TonyStark]

Not watching that lol but I'll take your word for it.

 

[Argue]

 

[Dunkafelics]

TLDW

1. Every time you have a spare $5 dollars, put it in a jar and then put it in your savings account at the end of the year.
2. Slow lane formula to distribute your $2500 monthly earnings into expenses, goals, emergency savings and guilt-free spending.
3. $200 dollars into retirement per month which *could* compound interest in 40 years to over $400,000.

Brilliant strategies ... I would like to see the portfolio of the one who is peddling this information.

 

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[loop101]

If they get more people to think about their future finances, some of those people will find their way here. Sometimes the path is not a straight one.

 

[Digamma]

"Compound interest is not magic, it's math, and it works every time!"

On another note, why do these three women act like children? Is it children's tv?

 

[ddzc]

These ladies are geniuses, especially when the chalk came out, mind blown.

I think the best part of this video was at the beginning, where she mentioned to put $5 in to a jar to save a couple hundred a year to save for a car or house LMAO. Man, I want to invite these ladies to Toronto where you need $200,000 for a 20% downpayment on a house anywhere in Toronto and the GTA, you gotta save those $5 bills for 1000 years LOL!! Thanks for the morning comedy OP.

 

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[SquatchMan]

TLDW

1. Every time you have a spare $5 dollars, put it in a jar and then put it in your savings account at the end of the year.
2. Slow lane formula to distribute your $2500 monthly earnings into expenses, goals, emergency savings and guilt-free spending.

Meh. This is basically what I did for years. I ended up having a war chest of liquid cash to use for fastlane ventures.

 

[ZCP]

No way I am watching that......

Just wanted to say you would be surprised by how few in their 20's have even heard of a budget. Just sat down with a new hire. In a few minutes it was clear how little he had been taught about personal finances. We setup a budget for him and now he is saving for investing and looking for a 4plex. Baby steps.

 

[becks22]

I love my Rachael Ray pots for the kitchen but damn her show is another story.. I find that so depressing. The part about saving for a home with an extra $500 a year is laughable. This type of mentality is the norm unfortunately. I've gotten to the point where I don't discuss finances with friends. Most of them are so broke and have no idea- it's painful to hear.

 

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[BrooklynHustle]

TLDW

1. Every time you have a spare $5 dollars, put it in a jar and then put it in your savings account at the end of the year.
2. Slow lane formula to distribute your $2500 monthly earnings into expenses, goals, emergency savings and guilt-free spending.
3. $200 dollars into retirement per month which *could* compound interest in 40 years to over $400,000.

Brilliant strategies ... I would like to see the portfolio of the one who is peddling this information.

I hear people are going to start living into their 1000's soon...

 

[MJ DeMarco]

It promotes saving and budgeting which is great when you all start making $50K/mo.

Other than that, its the perfect plan for SCRIPTED mediocrity framed by a spiritual suicide.

Compound interest shills -- sure the math is real, but the practical application of it is not.

 

[Waspy]

Was just sick in my mouth. Thanks OP.

"At the end of the year you will have a couple hundred dollar to save for a house"

Yeah that's great, I'll go live in a F*cking cardboard box.

 

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[ddzc]

Was just sick in my mouth. Thanks OP.

"At the end of the year you will have a couple hundred dollar to save for a house"

Yeah that's great, I'll go live in a F*cking cardboard box.

By year two, you can possibly afford a quilt to keep you warm during those cold winter months.

 

[Iammelissamoore]

By year two, you can possibly afford a quilt to keep you warm during those cold winter months.

Needless to say that these "financial advisors" speak nothing about inflation with these "saving strategies" sure someone may be able to save to $40 000 in 400 years doing it their way, but in that 400 years, not even our great great great great grandchildren can afford the house, because it would be worth $4Bn and that $40 000 saved over those years won't even be a drop in the bucket.

 

[Tanisha]

Not watching that lol but I'll take your word for it.

its so sad that grown adults are believing it but at the same time it'll give you a good laugh

 

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[Iammelissamoore]

its so sad that grown adults are believing it but at the same time it'll give you a good laugh

This is what the Scripted path does: A lot of people believe that being a millionaire is impossible, especially if one grew up in a neighbourhood where no millionaires came from, or specifically if they haven't spent any time in their lives in the company of millionaires, therefore, the concept is far-fetched; so, when they hear these financial strategies about save today for a house later, they easily fall prey to it, because for them $20 000 in 40 years sounds like a lot of money.

As I always say, if it wasn't for TMF and Unscripted a lot of us may not have really believe in the possibility of becoming a M(B)illionaire; the philosophies, the way MJ breaks it down AND the way he proves he applied it and it worked in his life, makes M(B)illionaire-ship very possible for us because we understand the possibilities exist.

We live in a global community where scripted life is accustomed to thinking for us and making decisions for us, until we recognise that we can think and make decisions on our own by following unscripted livelihoods, and Rachel Ray is happily going along with it, knowing deep down what she had to accomplish in order to reach where she is today; however, it takes less effort to tell the masses something so trivial than to actually explain the possibilities of being wealthy, as we know, it's a whole mindset either way.

I agree with you it is saddening, but what is even more saddening is the fact that information is floating all around us, most of it free and many of us still fall for the lies that scripted life sells, is it because maybe some of us (who choose to live the scripted life) are too lazy to learn, yearn and earn more?

 

[Tanisha]

This is what the Scripted path does: A lot of people believe that being a millionaire is impossible, especially if one grew up in a neighbourhood where no millionaires came from, or specifically if they haven't spent any time in their lives in the company of millionaires, therefore, the concept is far-fetched; so, when they hear these financial strategies about save today for a house later, they easily fall prey to it, because for them $20 000 in 40 years sounds like a lot of money.

As I always say, if it wasn't for TMF and Unscripted a lot of us may not have really believe in the possibility of becoming a M(B)illionaire; the philosophies, the way MJ breaks it down AND the way he proves he applied it and it worked in his life, makes M(B)illionaire-ship very possible for us because we understand the possibilities exist.

We live in a global community where scripted life is accustomed to thinking for us and making decisions for us, until we recognise that we can think and make decisions on our own by following unscripted livelihoods, and Rachel Ray is happily going along with it, knowing deep down what she had to accomplish in order to reach where she is today; however, it takes less effort to tell the masses something so trivial than to actually explain the possibilities of being wealthy, as we know, it's a whole mindset either way.

I agree with you it is saddening, but what is even more saddening is the fact that information is floating all around us, most of it free and many of us still fall for the lies that scripted life sells, is it because maybe some of us (who choose to live the scripted life) are too lazy to learn, yearn and earn more?

you say alot of information out there exists but other than mj i dont know many who talk about 2000% returns, to me it seems like most of the info provided is to keep us poor and working and thats coming from me who's read over 3000 books, even if you study billionaire investing sights they talk about 30 to 40% in a YEAR!

 

[Iammelissamoore]

you say alot of information out there exists but other than mj i dont know many who talk about 2000% returns, to me it seems like most of the info provided is to keep us poor and working and thats coming from me who's read over 3000 books, even if you study billionaire investing sights they talk about 30 to 40% in a YEAR!

No no, when I say a lot of information, I wasn't specific to investing, I more meant in general regarding living a scripted life where people are just accustomed to going with whatever big pharma, or big brother says without doing research on their own and recognising there IS an alternative to scripted life and that they can do things on their own to overcome personal issues.

However, where business and investing is concerned - YUP - TMF and Unscripted are my two babies, I hold them near and dear to heart, and as I also admit too, if it weren't for those two, many of us wouldn't recognise we can overcome many things that scripted life says is impossible. I read a lot of business books too, looked at many "success" stories the works too, but DEFinitely TMF & Unscripted , no one can hold a candle to the wealth of lifetime education received from it.

 

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[EvanOkanagan]

Is this a joke?

@1:10

The $5 Rule: "Every time you have a $5 in your wallet, take it, put it in a jar at home, do it the entire year"

*Audience Goes Wild*

 

[TreyAllDay]

not making fun but phew what a stretch

View: https://www.youtube.com/watch?v=y7E_C9E_Iw0

WOW $400,000K.
If you're making $80k a year before retirement, you've bought yourself 5 years!

 

[Tanisha]

thank God for mj

 

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[Tanisha]

No no, when I say a lot of information, I wasn't specific to investing, I more meant in general regarding living a scripted life where people are just accustomed to going with whatever big pharma, or big brother says without doing research on their own and recognising there IS an alternative to scripted life and that they can do things on their own to overcome personal issues.

However, where business and investing is concerned - YUP - TMF and Unscripted are my two babies, I hold them near and dear to heart, and as I also admit too, if it weren't for those two, many of us wouldn't recognise we can overcome many things that scripted life says is impossible. I read a lot of business books too, looked at many "success" stories the works too, but DEFinitely TMF & Unscripted , no one can hold a candle to the wealth of lifetime education received from it.

just think about the babys being born now by the time there our age they might not get a chance to learn as we are

 

[ZF Lee]

Is this a joke?

@1:10

The $5 Rule: "Every time you have a $5 in your wallet, take it, put it in a jar at home, do it the entire year"

*Audience Goes Wild*

No, its not.
I don't think most people even save that much.
Most of my peers just 'spend it all', and then they wonder why they are broke at the middle of the month and have to beg for cash from their folks.
I don't think their spending habits will change when they grow older.

For me, saving is good as PART of the plan, not THE plan.
I live like a pauper and stock up cash for Fastlane ventures and mistakes (got to pay for them...they are good business lessons).

thank God for mj

No, thank God for YOURSELF.
While he may have sent the kick that pushed you out of the SCRIPT matrix, you had to choose for yourself.

If you didn't choose to get out, not even MJ or some fairy godmother would suffice.
Ultimately, you fire the shots.

 

[Tanisha]

No, thank God for YOURSELF.
While he may have sent the kick that pushed you out of the SCRIPT matrix, you had to choose for yourself.

If you didn't choose to get out, not even MJ or some fairy godmother would suffice.
Ultimately, you fire the shots.[/QUOTE]

so true, i just try my best to apply his teachings to my everyday life

 

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[Shortypants]

I can't believe the secret to wealth is as simple as putting 5 dollars in a jar *mindblown* thanks for the link, already got 6 5dollar bills in my jar #progress

Verstuurd vanaf mijn ALE-L21 met Tapatalk

 

[cutthroughstatic]

$500,000 by 65! so... $500,000 in 45 years? uhhhhh....

Question to Rachel Ray: is this how you personally have made/accumulated your wealth?

I didn't think so.

MJ, it's what you always talk about. Leverage. Why would people want to leverage such small numbers and assume that the income has to stay the same? So much energy to leverage tiny savings and forget about the income... why don't more people focus on the income!? And get more leverage!

By the way, I didn't watch the whole video. Just fast forwarded to the graph. No was was I gonna waste 4 mins on that garbage.