Rumble_Finance

Alexander Kearns committed suicide after Robinhood displayed a cash balance of over -$730,000. A lot of people and articles don't seem to understand why, so here I crunch the numbers on why this balance was likely displayed.

n this video, we will take a look at 9 different jobs that do not require a four-year college degree! All of the statistics mentioned in this video can be found on bls.gov The cost of attending some of the best schools in America can be upwards of $70,000 PER YEAR (ex: NYU) equating to nearly a quarter million dollars for a bachelors degree. If you are looking to save money on college and get the most "bang for your buck," then you may find this video to be useful.

Lets talk about The Great Reset of 2021, exactly what it is, what this means for you, and the impact it has on our economy and how you invest your money.

Learn exactly how Grant Cardone and Cardone Capital earn money and why the real estate syndication model of Cardone Capital is an absolutely BRILLIANT money maker. **Comment below: Did you know how the model worked before this video?** Either way, learn exactly what is meant when Grant Cardone talks about owning 4,000 units, what it means to have a fund, what the fees are associated with Grant’s managing of the investments, and the major profit center that is “having an exit-strategy” really is. Watch to the end for an example of how YOU can also make money in real estate.

Lets discuss and review Acorns Investment App, go over all of its features, and whether or not it’s actually a good value. What is Acorns? The basic premise is that they’re an app that helps automate your investing. And their most notable feature, in my opinion, would be their “round up” feature - this lets you invest the spare change from what you spend, and you can just “round up” every single purchase to the nearest dollar to invest the difference. They also give you the option to setup recurring investments on a daily, weekly, or monthly basis… again, the entire purpose of this app is just to help automate regular and consistent investing. They’ll also let you see, real time, what your investments COULD be worth depending on your contributions…so it’s really meant to get you thinking about the long term. Now in terms of WHAT they invest in, they say “Your investments are then diversified across more than 7,000 stocks and bonds and automatically rebalanced when the market fluctuates.” So basically, they’re investing in broad funds that track the market, very similar to the vanguard index funds I always talk about on the channel. And when it comes to this, Acorns is what’s called a Robo-Advisor - this has definitely gained some popularity lately with other companies like Wealthfront, Bettermint, and M1 Finance to name a few. If we go to their pricing tier, we can see that their basic service begins at $1 per month: With that, you get the Automated investing where they round up the charge and invest the difference Then, for $2 per month, you get access to all of that, plus Acorns Later - which is their IRA. And finally…for $3 per month, you’ll get access to their checking account with debit card. So overall, looking through everything on Acorns and spending way too much time on this…here are my thoughts and what I REALLY think of it: Acorns simplifies investing and making it incredibly easy, to the point where you don’t need to think about it. The concept of rounding up is clever, it’s gimmicky, and I can see how it works. If Americans aren’t going to think about investment, they can just invest on Autopilot without making any difference whatsoever except for setting up an Acorns account. So from that perspective, I really like it. HOWEVER…what I consider a negative for Acorns, is that if you just want to straight up invest a small amount of money into an index fund…and what to do it for TOTALLY FREE, you can do that with Fidelity. If you’re investing with more money, Acorns slowly becomes more and more worth it as the $1 fee becomes a smaller percentage of the total amount you have invested. BUT…I’ll admit, using Acorns is WAY better than doing nothing. For people who just can’t seem to save and invest any money, or don’t really take an interest to investing…this is BY FAR better than the alternative of just not investing.

Dave Ramsey was Wrong, Peter Schiff was Right

Lets talk about the holy grail of business, investing, and financial independence: How To Make Passive Income With $1000.

Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more "mainstream" Democratic perspective!

First, for those just looking for a basic place to put their money, we have the almighty Ally Bank Savings Account that currently offers a 2% interest rate. You can also use a few other high interest bank accounts, like Barclays, Sychrony Bank, or American Express Savings…they all currently offer around a 2% return. Second…and this is arguably the most important part of this entire video…when it comes to investing, especially if you’re JUST starting out, is set up a Roth IRA. This is basically an account that you can put money into, and by the time you’re 59.5, you can pull ALL of your profit completely tax free without paying ANY capitals gains tax. Vanguard has a great option for a Roth IRA if you chose to invest with them. Now third, in terms of WHAT to invest in, my BIGGEST recommendation for MOST people out there is to invest in an index fund with a low expense ratio. When people always ask “how can you get an averaged 8% return”…this is pretty much my advice. Long term, historically, over the last century, the stock market has returned about 8% annually, adjusted for inflation, with dividends re-invested. Ok…number 4…and I figured I’d put this here instead of listing it back to back with the Roth IRA…but that’s setting up a Traditional 401k. This is an account where whatever you contribute is deducted from your total taxable income, and you can grow your investment tax free until you take it out at 59.5. This means that you’ll have MORE money to invest because you’re paying LESS in taxes. The “catch,” however, is that you’ll pay taxes on whatever you take out of your account after the age of 59.5. Now number 5…back to investment options. If you want to, or you’re interested in doing a little more work, you can invest in individual stocks. I personally recommend you try to do this within a Roth IRA or 401k to avoid getting taxed on your profits…but this isn’t required. You can just as easily open an account on Robinhood, invest in individual stocks commission free, and reap some pretty great returns. Now Number 6…my favorite…obviously…is investing in real estate Real Estate. Now unfortunately, this is one of those things that you’ll probably need to work up to. Especially if you’re just starting, unless you have a decent amount of money to already work with, I’d probably recommend saving up or investing elsewhere and then coming back to real estate one you have some capital to work with. Typically, you’re going to need about a 15-20% down payment - which could be a lot of money depending on where you’re planning to invest. But real estate is my favorite for a few reasons: The first if that you get immediate cashflow from renting it out. Second, because of all of the tax deductions, most of that income you make is tax free Third, you’re able to BORROW most of the money to buy real estate and slowly pay that off over time Fourth, you’re building up equity as you pay down the loan - so eventually you’ll own it outright And finally, the property is likely to increase in value over time This is why it’s no surprise that 90% of the world’s millionaires are created through investing in real estate…and I’m absolutely no exception! And finally…number 7…drum roll…is investing into a business. And this is probably where you can get the highest return from just about ANYTHING I’ve mentioned so far, or pretty much ANY other investment out there. Now these are just a few ideas for you to go out and consider…some people might say forex trading, swing trading, etc, the list goes on. But as I mention time and time again, the higher the return, the riskier the investment, and that’s absolutely something to take into consideration.

When I say that you shouldn't buy options on earnings "as your mom", it should not be considered advice. This is just how I trade. Intro to Calls 1) What do calls give you the right to do? Calls give you the right (but not the obligation) to buy 100 shares of the underlying stock at that call's strike price. This process is called "exercising" your call option. 2) What is a strike price? A strike price is the price that you can buy 100 shares when exercising your call option. Options are separated by strike and expiration date. 3) What is Premium? Premium can be thought of as the option's price tag. It is written as the price per share of the 100 shares the contract controls. So, to figure out how much you'd actually pay to buy an option, you must multiply the premium by 100. 4) What is ITM, ATM, and OTM? ITM describes calls whose strike price is below the current share price. ATM: strike=share price, OTM: strike is greater than share price. I say ITM is "good" because you can potentially exercise them for a profit. This idea is what drives the value behind call options, although it doesn't necessarily dictate them as "good". In later sections this will be discussed further. 5) What is an underlying? The underlying is the stock on which options are traded. If you have calls on AMD, AMD is the underlying and changes to AMD's share price will affect the value of your option. Premium 1)What is EV and IV? EV is value given to an option's premium based on time to expiration and implied volatility. These two things work together. IV is the value of the option based on the money you would receive if you exercised it. This is why you rarely exercise; the value you get through exercising is already built into the option's premium. 2) Why do OTM options not have IV? OTM can not be exercised for any gain, so there is no IV built into their premiums. OTM premium is composed entirely of EV. 3) With more TTM do calls have more or less premium? More time means more time to get ITM (or deeper ITM). This is good for calls, and is reflected through higher premium. 4) How is Imp. Vol. correlated with premium? They are positively correlated. Implied Volatility 1) Why is volatility good for options? Your risk is limited to the amount you paid when trading options. However, your upside is uncapped. This means with high volatility, you have a higher potential to make money with the same amount of risk. 2) How is premium correlated with Imp. Vol.? It is positively correlated. Higher Imp. Vol. means higher premium. 3) Why is it called Implied Volatility? It is called this because the expected volatility of the stock is extracted from the options' premiums. It is the hype behind the option that is represented as a more expensive option. In other words, the future anticipated volatility of the stock is implied by the option's premium. Option Stats 1) What is the bid and the ask? The bid is the highest price buyers are willing to buy at, the ask is the lowest price sellers are willing to sell at. To get in and out immediately, you must buy at the ask and sell at the bid. 2) What is the bid-ask spread? It is the difference between the bid and the ask and is what you give up to get in and out of a trade immediately. 3) What does RH show as the option's price? RH show's the middle of the bid-ask as the option's price. Even though Robinhood displays a price, people may not be buying or selling anywhere near that price. You ALWAYS want to make sure to check the bid-ask for this reason. 4) What is volume and OI? Volume is the number of contracts traded that day. The higher the volume, the tighter the bid-ask. OI is the number of contracts in existence, which will fluctuate. None of this video should be considered advice. It is purely for educational purposes.

Peter Schiff was Right (2006-2007) Viral Video

So today let's talk about the 13 best side hustles you can start at every age. Having side hustles gave me an extra income on top of my normal job that allowed me to save and invest a lot more money to create passive income than would have been possible from just a 9-5 job.

First of all, there’s NOTHING stopping you from paying down a 30-year mortgage early if you want to. If you get a 30 year loan, you can pay it off whenever you want. If you decide you want to pay it off in 15 years, just increase your monthly payment and pay it off sooner. What a 30 year loan gives you that a 15-year loan doesn’t is FLEXIBILITY. It gives you the ability, if you want to, to pay it off over 30 years and invest elsewhere…or you can pay it off in 5 years, it doesn’t matter. The advantage to doing this is that it gives you more safety and leeway with your payments. Also, home equity isn’t really going to be making you money…as unpopular as that is to say, when you have your money tied up in a property, it’s not money that’s easily accessible to invest elsewhere at a higher return. In order to get that money, you either need to sell the property - or do a cash-out refinance, pulling out your money, but then taking out a brand new loan and starting all of this again. With a 30 year loan, you’ll have access to your money as you need it because you’re paying LESS money into an illiquid investment like real estate, and like my last example, you’ll have more free cashflow available to you at the end of the month. And arguably, the difference in loan amounts between 15 years and 30 years is really such a small number after you account for write offs and inflation…that you may as well just take the 30 year for additional flexibility, allowing you to re-invest the money at a higher return. And let me just say this for all the Dave Ramsey followers who live by his advice of the 15 year mortgage: The IDEAL scenario here is that if you’re getting a home for yourself to live in, buy something where you could afford the 15-year mortgage, but take a 30 year for additional flexibility. If you’re getting a house where you can ONLY afford a 30 year house payment, I’d argue that you should lower your price range. For an investment property, always take the 30 year…cash flow is king, not equity, so you could always go with the option that gives you the greatest amount of write offs…which is the 30 year…and the most cash flow…which is also the 30 year.

While moving into my new apartment I came to the realization that I have too much STUFF. There is really no other way to put it… In just the few short years that I’ve lived on my own, I had acquired enough stuff to fill multiple U-Haul trucks. How was this possible? Why do Americans have so many belongings and are they necessary to feel fulfilled in life? When I moved into my new apartment in August I wanted to try something new. I made the decision to adopt a way of living known as minimalism. Contrary to what you may have heard, the goal of minimalism is NOT to deprive yourself of materialistic goods, but rather to focus on the items that add value to your life. In today's society, we find ourselves with duplicate items. How many of us have a cell phone graveyard drawer in our home? What about that old microwave in your basement? Why do we have three coffee pots?

In this video, I will show the passive income sources that I use to generate more than $7,000 per month. I'll be honest, I'm not a big fan of the words "passive income." There seem to be many misconceptions about the topic. If you find value in the video, don't forget to drop a like to support the channel!

Peter Schiff on Fareed Zakaria's Global Public Square - July 1st, 2012 Other Interviewers: Jeffery Sachs - economist who serves as director of Columbia University's Earth Institute Vanden Heuvel - editor and publisher of The Nation magazine Peter Orszag - first budget director for President Obama, now Vice Chairman of Global Banking of Citigroup and columnist for Bloomberg

President Obama promotes the myth that everyone must go to college. That if you don't go, your life will be ruined -- that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you'll just begin your "career" four or five years later, tens of thousands of dollars in debt. Here is an example of some of the plumb jobs college grads were able to land during the Obama administration. Not just liberal arts majors mind you, but graduates with degrees in mathematics, robotics, neuroscience, engineering, accounting, business administration, economics, biology, communications, graphic design, marketing, and linguistics. Of course when it comes to education, it's not just the Obama administration that deserves a failing grade. For years, politicians of both parties have pandered to students by promising more aid in the form of direct or subsidized student loans. As a result, colleges and universities are freed from competitive forces that would otherwise keep tuition low. Easy access to cheap credit enables students to bid up tuition, benefiting the educational establishment at their expense. Politicians secure student's votes by promising relief from skyrocketing tuition by providing even more loans. Ironically, the loans themselves are the very reason tuition is so high in the first place. Before the Federal Government got involved, college degrees were much more affordable, and ambitious students from poorer families could easily work their way through. In addition, as fewer high school graduates actually went on to college, not only were college degrees much less expensive to obtain, they were far more valuable to have. With so many high school grads now going on to college, a college degree is actually less valuable in today's job market, despite its inflated price tag, than was a high school diploma in the 1950s. The only solution is to get the Federal Government completely out of higher education, and let the free market fix what the government broke! For those of you who feel a college degree is essential to financial success consider John D Rockefeller, Andrew Carnegie and Cornelius Vanderbilt. Rockefeller dropped out of high school and began working full-time at age 16. Carnegie didn't even go to high school and began working full-time at age 13. Vanderbilt dropped out of school at age 11, and by age 16 had started his own ferry business. All three were born poor and became self-made billionaires, who attained estimated net worths (in today's dollars) of approximately $670, $300. and $175 billion respectively. To put those numbers into perspective, the richest living American, Bill Gates, who dropped out of Harvard during his sophomore year, has an estimated net worth of just $65 billion.

In this video, I will share five income sources that earn $40,000+ per month of profit. As I stated in the video, I believe that this will be my last “income report” on this channel. We will continue to provide 1-2 videos per week on topics such as personal finance, investing, entrepreneurship, and lifestyle videos as well. The majority of these revenue streams could be considered passive income sources.

How I bought a Tesla for $78 Per Month

Lets go over some of my favorite side hustles that pretty much ANYONE can do, In their spare time, from home, to make an extra $50-$1000 per month. Enjoy!

How to invest in real estate: Here’s exactly how you can buy your first rental property, step by step, and the process involved.

Lets break down how you can become a millionaire in 10 years, starting from nothing, and exactly what’s involved…enjoy!

24 months ago, I began looking for an income property around the mid-city area of Los Angeles. I liked this area in particular because it was close to nearby transit, surrounded by several large new developments, it was only a 15 minute drive away from the beach…and most importantly, it was one of the few areas in Los Angeles where property prices were still selling under $1 million dollars. After 6 months of searching, writing offers, getting out bid, and otherwise not finding a single opportunity - the perfect spot came up. And the price? Listed for…$585,000. So I made them an immediate offer: I’ll pay full price, guaranteed to close…under the condition, that the owner accepts it immediately. I bought it for $585,000…I put $150,000 as a down payment, and I got a loan for $438,000 to cover the rest. Then, I spent another 2 months, and roughly $80,000 fixing it up. This meant, when I was finished, I had invested a total of 2 months worth of time, and $230,000 into a property. So I went to the bank, and I told them I wanted to do what’s called a REFINANCE. This is when the bank will give you a new loan on the property, based on the CURRENT value of what it’s worth - NOT what you paid for it. And the market value was very favorable to me…an appraiser determined the market value of my property, for a remodeled 1920’s Spanish duplex, was now $780,000, just shortly after I bought it. So given the new value, the bank is able to give me a mortgage of up to $585,000, and give me back $145,000 in cash. My current mortgage is $438,000 The bank’s NEW loan is $585,000 The new loan pays off the old one, and that leaves us with $145,000 left over after paying some transaction fees. That was in 2017. NOW…I can do it again. I went from bank, to bank, to bank…to get a quote on a new mortgage. I was able to get at 3.75% fixed rate mortgage for 30 years, on a cash out refinance. The bank appraised it for $965,000. And given the new $965,000 value, I was allowed a $675,000 mortgage - leaving 30% worth of equity still in the property. That meant…after all was said and done…not only do I have $290,000 worth of equity in the property…but I now SAVE an extra $200 per month on my mortgage interest payments, and I got back ALL of the $230,000 I invested, leaving a total out of pocket cost, to buy this property, of $0 Like I said, the first refinance got me back $145,000…and the second got me back $85,000. That was everything I had invested in this property…and it’s basically free real estate. In real estate, your ideal situation is that you can control 100% of an income-generating asset…by having as LITTLE of your own money invested in it, as well. This gives you the opportunity to INVEST your money in other, higher generating opportunities - than keeping your money tied up in an asset where it isn’t actively working for you. This is the name of the game in real estate…it’s to find a good deal, put your money in, make it work for you, refinance your money back out, keep the property…then go and use that money to do it again. And it’s by doing that, over and over and over again, that you can soon build up an empire of real estate, for free, by just…smashing the like button.

For anyone who wanted a video about how to invest as a teenager, or what to do when you turn 18 years old - here is that video, enjoy!

If you're like the rest of us WSB degenerates, you probably need a way to pad your pockets so you can buy more stocks or FDs. Here are a few great ways to score some free bank.