Something that drives me nuts. and it is Acorns I Hate to say it. They have a two quick notes: I'm gonna be in the air flying today so you can follow me on Instagram to see what I'm up to. I'll be at a special place and you're gonna see a lot of cool stuff so follow me on.

Instagram And we did extend the flash sale to the end of the week for those of you who emailed us and for anyone else 69 off largest percentage basis sale for the programs I'm building above link down below. Very great rating Online people love them. Okay, it is the stupidest thing you could use if you use acorns. and I've said this before.

This is my opinion: I'm not trying to bash them but I think they are scamming people now again I Don't think they actually or like financially just gaming people I Just think psychologically they are ruining you because think about this, Acorns is a company that basically says hey, well when you swipe your credit card we'll Round Up to whatever increment you want and will invest that automatically for you. Fine, sounds great right? But that means every time you go buy something rather than feeling the pain of paying like if you want the ultimate pain of pain, this is pain of pain when you take out cash. like the stack of I don't know one dollar. Oh, there's some 20s in here.

Oh, there's some hundreds in here too. Anyway, when you take a stack of cash and you go out and you say, all right, I'm gonna go buy something. So and you take that shiny crisp two dollar bill and you're like, here you go. This is the most painful way to pay for something is you hand Cold Hard Cash to someone, it's like damn.

I Gotta get 100 bucks out of here man. I Really want to keep the hundred right? That is painful. It is a very painful way to pay. So then we invented credit cards which disconnected you from money right? and it made it less painful.

Now you still have to pay off your credit card. But there's a reason Starbucks likes the Starbucks card because you have the pain of paying once you put 50 bucks on your card and then every time you go, there's no pain of paying anymore because you're just working off what you already have on your Starbucks gift card or whatever, right? It's kind of like when you prepay uh uh for Dave and Buster's points or you get chips at a casino, you've already just detached yourself from your money. So you have like three levels of pain of paying. In my opinion, you have the cash paying of paying which is very painful.

Then you have the credit card level of pain of paying Which is less painful. Then you have the gift card level of pain of paying or the casino chips or the Dave and Buster's tickets. Very very low pain of paying. Now you want to get even more ridiculous.

You put your Dave and Buster's card on your Apple pay on your phone or your watch. Now your Apple Paying away a very low level of Pain of pain, right? You want to know the ultimate, most ridiculous psychologic way to ruin yourself and your spending. It's to psychologically tell yourself that every time you spend money through like Apple pay with a low Pain of Paying method. Which by the way, cash back Rewards cards.

those enhance your pay like those enhance what I'm talking about. They make pain of paying less. Oh, I just spent a thousand dollars on an airplane ticket. Good thing I get three and a half percent cash back Like that's idiotic, right? But it reduces the pain of pain and makes you happy to spend money because you feel like you're getting more.

It's a ridiculous total ripoff, right? But this is where Acorns comes in as the stupidest and dumbest thing that you could do. If you're trying to moderate your spending. You actually associate spending money via a low pane of paying method credit card. Apple Pay whatever and you associate spending with investing.

that I guarantee you is going to be the downfall of most Millennials and Gen Z's who are falling victim to the bull crap of acorns. Now that's not going to be very popular because people say man, they're doing a good thing. They're getting people who don't invest into investing. No, you're psychologically robbing people making them associate investing and the joy of investing with spending.

Oh, want to invest more? Go spend more. It is stupid. And if you have acorns or an acorns card I Highly recommend you cancel it. Get rid of it.

In fact, if you, if you want to have the like, if you have trouble sticking to a budget, go to cash. Serious, You go to cash. You'll spend probably 20. I'm pulling this number out of thin air.

Okay, you'll probably spend 20 to 30 percent less money if you spend cash on everything because it's not harder. You have to go to the bank and refill it. You know you gotta account it. You gotta make change.

You gotta hold it and it's painful. You don't want to give up the cold hard green cash, but hey, you really want to buy stuff if you get investment stocks with it. It's so stupid it's so stupid. It is the dumbest thing you could psychologically do.

and sorry I have to rant about it I'm just I just feel so terrible for people who associate spending money on crap with investing. it's totally idiotic. That's my take. that's my take I'm sorry I I I I I know I I Know it's a lot, but uh yeah.

crispy pyro or whatever over here says that's my cocaine money. that's not my cocaine I Don't know anything about cocaine. uh I Love me some air miles I Always use my card. haven't paid for a flight in so many years I Can't remember now.

Don't get me wrong, if you are going to buy stuff anyway, obviously you should get cash back Rewards or air miles or stuff like that, right? obviously. And then it is prudent for you to evaluate how do you get the best rewards. For example, your daily cash back card might be a two percent, a city double cash card might be a two percent Apple cashback card. Maybe even three percent if you go buy at Apple just as long as it's not inducing you to buy more stuff at Apple right? Like if you're gonna buy the new cable from for your iPhone for 15 bucks on Amazon but then you're like, but I could get three percent off at Apple with the Apple card and then you pay four times as much money for the stupid cable.

Well, you know that you're net net losing, right? But if you're going to be buying the flight anyway, of course, uh, air miles make a lot of sense, You know I mean I I I I Consider myself pretty well versed in doing that as well. Uh, in fact, I have a bonfire card although that one I don't like as much. You have to make sure you use that at a restaurant every single month or else it's not worth it. Uh, that almost pays for itself.

I've got the Platinum JPMorgan Reserve I Got the Palladium card from JPMorgan which is now the JPMorgan card the nickname the 10 million dollar credit card. We've got the uh United Delta American Airlines all of them and one of them. By the way. I don't know where it is, but what? One of the airlines lets you have credit cards authorized user credit cards for your children.

So I got one for Jack who's seven years old and I don't actually give it to him but I use it because anyone who holds a free authorized user card can actually bring people into the lounge for free and their credit card I think it's American pretty sure it's American but it might be Delta Anyway, one of those uh, one of them gives you the free card and uh, the crazy thing about it is they usually charge you for people above two that you like more than two people that come in. So in other words, you go into a lounge. two people can come in for free. After that, it's 30 per person even if they're family.

Unless someone else with an author a card like an authorized user. uh, also can bring in two people. So now I have one for Lauren myself and Jack so we could bring in ourselves plus six people. So that's like nine people.

It's like I'm a big fan of little hacks like that, but you actually have to use it and make sure the annual fees are worth it, right? Uh, so that's that is different. And I don't want to associate credit card rewards with bagging on acorns? Uh, credit cards do. Inc Or they lower the pain of pain, right? They increase the psychological desire and propensity to spend. which is bad.

That's why if you have a spending problem, you go to cash. Acorns is just the biggest mind F ever. I Mean it is the psychologically worst thing that you could do in my opinion. My take? That's my take.

Okay, now here's here's somebody says: Okay, so I'm spending five dollars, why not save a dollar at the same time? So this is a it's a fair calendar argument. Like heaven. If I'm going to spend the five dollars, then anyway, why not save a dollar at the same time? Fair? Fair question, right? And it's totally reasonable because if you're going to spend the money anyway, Sure, but the danger is and you won't see it, you just won't know it because it's a psychological phenomenon that happens deep in your mindset. You'll be thinking, oh, like what you just wrote literally reiterates that: keep this in mind.

Okay, this is why how psychologically deep it is. You go to the store and you're like, well, I'm gonna buy this five dollar latte anyway I may as well save a dollar. You get your latte, you're standing, you're drinking your latte. I'm so good with money I'm investing a dollar into Starbucks because I bought this latte.

even if that just makes you go to Starbucks one extra time which it will. you won't realize it, but it will. You'll go one extra time. You burn five trips of savings.

So psychologically, the argument I'm making is is: it's not apparent initially because you might be thinking to yourself, oh, what happened I'm matters for I'll save anyway I Gotta get that latte anyway. You're kidding yourself. you will spend more money with Acorns. It's brilliant for the consumer businesses though.

like if I was a business I would sell gift cards all day long I would have my own branded credit card if I was a store because I'm gonna make lots of money doing that and give people five percent off like what Target does I would do whatever I could to partner with companies like acorns I would even go as far as saying like I'll if if you invest the dollar in my stock by by buying you know, at my company through acorns or whatever. every time you swipe the card, we'll add another 50 cents on top like we'll We'll give you extra rewards if you use it. I would absolutely do that because I am 100 convinced that as a seller I would make more sales because people are stupidly being tricked into saving and investing by spending. That's dumb.

It's really, really dumb. That's not. That's it. That's it.

I'm sorry I'm sorry I had to rant about it I Had to do it I Had to do it I Thought it was very important because it's a warning to the world. Acorns sucks not Financial advice. Um anyway all right, sorry, it gets so like worked up over these things. Could you actually I mean I I almost think you could call that Financial Advice: The problem is so the issue.

So I'm a licensed financial advisor, right? The problem is with um, you can't you can't have your message ever suggest that you're giving personalized Financial advice, right? So if I tell you you're an idiot for getting mortgage or for being worried about mortgage insurance or using acorns, that might sound like personal financial advice I think that is good Financial Advice So I have to make sure I'm clear in saying that anything that I'm giving is just sort of broad. a broad suggestion, not personalized Financial Advice otherwise the SEC is going to come from my butt and I respect the SEC I respect the three-letter organizations and agencies. You have to follow the rules so I just want to be very clear. Yeah, Anyway, some people think that when you say oh, this is a personalized Financial advice that somehow that like lowers the standard of your message but they also don't realize what personalized Financial advice is right like personal financial advice would be you coming to me Let's say and and then to me as a licensed financial advisor.

Me looking at okay how much money do you have in bonds? What do you have in savings? What do you have in real estate? What are your goals When you want to retire and actually like really, come coming up with a real plan for you that's very different than just you know talking to 7 000 people on YouTube right?.