Americans Are Spending Like There's No Tomorrow.. скачать в хорошем качестве

Americans Are Spending Like There's No Tomorrow..

Try Headspace for 30 days for free: https://headspace-web.app.link/e/G30 Use code: GRAHAM30 - Enjoy! Let's talk about Why Americans Are Spending Like There's No Tomorrow, and why the middle class is quickly getting left behind - Add me on Instagram: GPStephan PROMOTIONAL OFFER: Get FREE STOCKS when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy... - $100 OFF WITH CODE 100OFF WHY AMERICANS ARE GOING BROKE: This article starts by saying that despite rising interest rates, high inflation, and shrinking savings, consumer spending has not slowed down - instead, it’s skyrocketed higher. Americans spent 5.8% more in August than a year earlier, airline revenue boomed, and the experience-economy was better than ever, with sites like Ticketmaster selling 18% more than they did in 2022. https://www.wsj.com/economy/consumers... As they say: "A tough housing market has more consumers writing off something they’d historically save for, while the pandemic showed the instability of any long-term plans related to health, work or day-to-day life. So, they are spending on once-in-a-lifetime experiences because they worry they may not be able to do them later.”  This is also compounded by 5 main reasons: 1. A Robust Job Market. By all measures, the jobs market has almost completely returned to pre-pandemic levels, with businesses less desperate to fill a large number of open positions as a result of worker shortages. 2. American's Are Playing With "House Money." It's reported that “Americans collectively pocketed about $280 billion from tapping the equity in their homes and saved about $120 billion from refinancings,” allowing them to spend a lot more money than they would, otherwise. 3. Excess Savings This refers to all the “extra money” that Americans were able to accumulate from staying home, not spending money, receiving stimulus checks, collecting unemployment, and otherwise seeing a surplus being deposited into their bank account. 4. The "Buy Now" Approach For the majority of products, prices have risen each and every year since 2020. This has caused people to take the approach that - it’s better to buy today before prices have a chance to go higher - so, they’re spending upfront in an effort to save. 5. New Outlook On Life For a lot of people, the shut down forced them to view their life and mortality in a different way; it made them appreciate what they were previously missing out on, or just how quickly situations can change, so they’re deciding to live it up today, while they still can. THE BEST WAYS TO SAVE: "The Dave Ramsey Zero Budget Method" With THIS strategy, the goal is that - in the very beginning - your monthly income and monthly expenses should equal absolutely $0, so that way - every single dollar is accounted for and gets allocated for a specific purpose. The 50/30/20 Rule: 50% Needs, 30% Wants, 20% Savings Half of your overall budget should go to the absolute necessities that you can’t possibly live without. From there, 30% is allocated towards “wants” - which, is another word for optional, discretionary spending. And finally, 20% gets allocated for savings and investments. HOW TO START: 1. START IMMEDIATELY You have the most momentum when you’re initially excited about the idea of trying something new and ONCE you start, you’ll be much more likely to keep it going. 2. ITEMIZE YOUR EXPENSES All you need to do is make a free account with any money-tracking platform - and from there, you can see exactly how much money is going into and OUT OF your accounts every single day. 3. SCALE BACK SPENDING Here are the top 10 categories that are easiest to cut back: https://www.hloom.com/blog/special-re... 4. PAY YOURSELF FIRST I'm running out of space to write more in the description, so watch the video all the way through - enjoy! My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamste... For business inquiries, you can reach me at grahamstephanbusiness@gmail.com *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.