To try Rocket Money for free and unlock more features with Premium head to http://RocketMoney.com/Graham - Enjoy! Lets talk about why the National Savings Rate has plummeted and what you can do about - Add me on Instagram: GPStephan
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In June, it was reported that 61% of Americans are living paycheck to paycheck - and, as of a recent report - higher costs and rising inflation have NEGATIVELY affected ALL INCOME BRACKETS…with the personal savings rate NOW at the lowest it’s been in 10 Years.
So, as ways to save extra money:
1. BUY IT TOMORROW
The fact is, impulse purchases are getting MORE AND MORE COMMON, with the average American spending an EXTRA $314 per month, without even realizing it. But, by buying it tomorrow - you can significantly reduce those purchases by thinking through which items you really need.
2. WOULD YOU TAKE THE CASH EQUIVALENT?
The reality is, we usually FORGET about how much something is going to cost, when we’re so fixated on just getting the thing that we want. But, by reframing each purchase as a dollar amount that you could EARN…it’s almost as though you PAY YOURSELF to save the difference, once you decide not to buy something.
3. THINK: HOW MANY HOURS WILL THIS COST TO PAY FOR IT?
For example, let’s just say if you’re making $30 per hour and decide to drop $90 on dinner...in a way, that dinner is ACTUALLY costing you 3 hours of your time - or, spending $30 eating out during your one hour lunch break, would be the same as you needing to work one hour later just to make up for it. Is it worth it?
4. TRANSFER THE SAVINGS IMMEDIATELY
This is a great way to not only make sure you actually KEEP the money you’re saving, but it’s also really effective because you can begin seeing the immediate results of cutting back.
5. THINK OF HOW MUCH YOUR MONEY COULD BE WORTH IN THE FUTURE.
If you just took the average return of the stock market, adjusted for inflation, with dividends re-invested, $100 today would grow to $425 in 20 years, $875 in 30 years, and $1800 in 40 years. - meaning, you can multiply your current spending by 4-18X, and that’s how much it could be worth…if you just invested, instead.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting 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. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

By Stock Chat

where the coffee is hot and so is the chat

28 thoughts on “The largest wealth transfer just started how to prepare”
  1. Avataaar/Circle Created with python_avatars Aporia says:

    Yay Graham posted

  2. Avataaar/Circle Created with python_avatars Matt says:

    All it takes for me to not buy a want is to think back to something I bought in the past that I really wanted back then and how more than likely it is now sitting in a landfill somewhere.

  3. Avataaar/Circle Created with python_avatars Fresh Urb says:

    Savers are losers remember?

  4. Avataaar/Circle Created with python_avatars NATURAL MUSCLE PUMPING says:

    bottom half…should just keep investing…as much as they can…every month

  5. Avataaar/Circle Created with python_avatars Crypto Sherpa says:

    Hello again 👋 Grammy Stephan 🦾🏆

  6. Avataaar/Circle Created with python_avatars Tony says:

    It's mind boggling! Yet another video supposedly about "wealth transfer."
    Yet the content had nothing to do with wealth transfer … Why? Are you totally convinced your audience is 100% idiots?

  7. Avataaar/Circle Created with python_avatars krakilla krak says:

    Is he talking about the wealth transfer that started two years ago and said it just started? The start of Covid was the start of the biggest wealth transfer in the history of human kind. And this guy is a economical advisor? Isn’t he another rich kid that now makes money by pretending he knows finances like most rich kids out here?

  8. Avataaar/Circle Created with python_avatars ntnboy85 says:

    dude, i totally do the Cost Per Use & Hours Cost. it's 2nd nature, but i'm known to be that frugal guy. lol.

  9. Avataaar/Circle Created with python_avatars Thet Htar says:

    I use ad blocker so he doesn’t get any money from ad.

  10. Avataaar/Circle Created with python_avatars ABC XYZ says:

    Savior's 7 Steps
    Reprobates Reveal/Set Their Evil Plans
    Righteous Raptured from The Planet
    Reprobates Ruin/Plunder The Planet
    Righteous RETURN, Second Coming
    Judgment of Propagandists
    Joy on Earth for Believers
    Jesus Creates New Earth/Heaven

  11. Avataaar/Circle Created with python_avatars Daniel Gudino says:

    FUD spreader.

  12. Avataaar/Circle Created with python_avatars Thet Htar says:

    Another cheap video! Next 2-3 years, he will have no viewer growth.

  13. Avataaar/Circle Created with python_avatars Making Modern Men says:

    How is it possible that it JUST STARTED….every single day.

  14. Avataaar/Circle Created with python_avatars David Cooper says:

    Making videos that pair with your sponsors? The CNN is strong in this one.

  15. Avataaar/Circle Created with python_avatars Vierte says:

    60 seconds of Sponser + 20 seconds of ads at the end + 10 seconds of advertising the like button = 15% of this video is ads… Ffs

  16. Avataaar/Circle Created with python_avatars Randall Flores says:

    I once tried to get a raise by pointing out that one of my work days each week was just to fill my gas tank to be able to get to work. It didn't work. She told me I should get a better job. This was in 2007/8 and was making 8.75/hr at a grocery store. Though I still think about spending this way. How many hours do I need to work to pay for this?

  17. Avataaar/Circle Created with python_avatars Skeptic Contrarian says:

    Just being a devil’s advocate here, but won’t inflation reduce your buying power if you hold on to your cash? You bring up good points, but high inflation should also be considered, no?

  18. Avataaar/Circle Created with python_avatars Dr Jogger says:

    You cant teach common sense graham

  19. Avataaar/Circle Created with python_avatars Dr Jogger says:

    Are you Jewish?

  20. Avataaar/Circle Created with python_avatars J says:

    Money is Peacocking for beta Males

  21. Avataaar/Circle Created with python_avatars Joe Camel says:

    What's with all the quick editing cuts and slow zoom ins? I see this in a lot of vids now, especially tik tok. Weird.

  22. Avataaar/Circle Created with python_avatars Vinit Mittal says:

    👀👍🏻

  23. Avataaar/Circle Created with python_avatars Often says:

    flip that money

  24. Avataaar/Circle Created with python_avatars Rio GC says:

    lol jokes on you, I need to have wealth to lose it 😂 whoever gets my wealth most likely will commit suicide. Imagine losing your wealth and in return you get my dogecoins 😂😂😂😂🤦🏽‍♂️

  25. Avataaar/Circle Created with python_avatars ZackMorris says:

    Content going downhill fast. Being cheap won’t make u rich.

  26. Avataaar/Circle Created with python_avatars hbardiqi says:

    I follow this channel but I don’t enjoy to be honest, talking to fast jumping from one topic to another. Not educational at all.

  27. Avataaar/Circle Created with python_avatars Jackson Morira says:

    Graham I recommend that you make another video on the largest wealth transfer having just started. You haven't posted enough content on that yet.

  28. Avataaar/Circle Created with python_avatars GuppyPal says:

    What people don't seem to understand is that wealth is always being transferred between people who make poor financial decisions and those who make wise financial decisions. We've all known people who blow every dime that ever reaches their hands. A lot of people are like that. It's not wealthy people's fault these people make poor decisions. "A fool and his money are soon parted."

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