Try stock, First time by putting 500 or 1000 dollers, as your skills of managing is grown, add more money(e.g. $2000) choosing a good stock company may get you rich way faster than bank interest.
October 2009- now is the time to invest in the stock market. i bought a stock for 81 cents a share (10,000 shares) sold it for $10.50 cents and made over $97,000 in 4 months. life is good
You forgot about inflation. Also the interest is way too low. So why not put it in mutual funds, stocks, bonds, or business investments. Sadly you cant buy a home here with 42,000
Good luck finding a 3% apy where you can pull it out when you need it. 1.5% at this point, pitiful. And if you have only 24k to put in over 20 years in order to make 19k more? Better than nothing, but pitiful. Some people spend 20k just in remodeling, or more. What she needs to do is put about 10k in a year for 10 years for a start... if she can. Interest isn't what it used to be. It used to be you could invest at 5-5%. Now it's like 1.5%, nearly useless.
I think ppl ignore the name of the title which is saving money in plain English. Clearly, is trying to teach the most basic information about how banks work, all children should watch this. Is this video enough to create an effective savings plan, of course not. Still, how many ppl are saving to buy what they want? the inverse of the video is true, most ppl are borrowing money from banks to buy what they want and end up paying their first child in interest.
If you want to invest in something as a metal, silver is the best option. Its very cheap compared to gold and it is still used in many applications. Its better than copper in certain situations. You could have bought silver for around $9 an ounce in December of last year and today it is close to $17.50 an ounce. Yes timing is the key. We didnt know $9 was the bottom. I still believe that silver is the best metal to invest in at this point even though it is high at this time.
Jasmin must be making $75K a year in order to put in $1200/month. What about taxes, rent, car payments, utilities, food, student loans, clothes, and entertainment.
It is easier to "fall" down the stairs and sue for $70K.
lol good comment, I am pretty sure in 20 years inflation will beat that 3%, not to mention in practice the APY is barely at 2%. If you want to actually save and make money. Save the money in gold, produce and invest. Gold prices increase with inflation.
Term deposit is a better option at 8% p.a given inflation annual avgerages 4% over time this solution will give you the buying power this video alludes to with its 3% which would amount to 1% LESS buying power in 20 years even though its $42,000.
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Aww its a pity that the inflation will wipe out any money she had put in the bank. Poor Jasmines 42,000 in 20 years has less buying power than when her orginal 29,000 did :(
Problem, Interest that banks give you these days wont amount to anything, because it won't track the inflation rate. If you keep your money in the bank for a rainy day your fooling yourself in this economic climate. Its not going to change soon either. Put your savings into gold or silver. These metals always track and beat inflation rates.
Hey there bro...your comment is interesting but i need to know more.Firstly what is track and how can the gold beat inflation rates..? i am looking to invest in some type metal right now...Can you give me a example...lets say i invest 100 dollars in gold today...in the next ten years what will it be worth and how does inflation not affect it?
Ok, If you hold 10 dollars cash in the bank in a normal savings account for 10 years, it will be devalued by the rate of inflation. What you can buy today with 10 dollars will not be the same in 10 years, it will be actually less. If you buy $1000.00 worth of gold at a good price now and hold that gold for 10 years the value will track or actually beat the inflation rate so when you cash out you will retain the value of your savings. Do not invest in gold, save with gold.
do any body no a banks or credit unions with a more high interest/apy then 3% and what about a monthly interest/apy not years i dont want to go that long. can anybody tell me?
Worst tip ever. Use the savings to buy commodities and diversify. If you buy stocks, buy solid companies with low P/E in emerging markets.
We have reached peak Oil, the demand stays about the same the following 20 years and the reserves are contracting.
Tip 2, dont be loyal to your investments, if you have reached a desired earning move out. The only loyalty you should have is to your own cash when it comes to investments. The $ is in decline, even the SEK will have 10% return in 1 year.
I hear you! these tips are crap in this economic climate. The amount of interest banks give you is crap compared to the inflation rate. Wait until this money that we are printing gets out there, have you heard of hyperinflation? Buy silver or gold to save.
They forgot inflation. Money becomes worth less every year by an average rate of about 3.2- 3.6% each year. If Jasmine is only getting 3% she is losing buying power as her money depreciates in value. Looks like Jasmine needs a better plan.Jasmine needs to lock her money into CDs whenever the rates are above 4% and she needs to find better investments when rates are low. (equities, bonds, rental properties,etc.) She should also make large purchases while the interest rates are low.
Bankers are crooks. They use your money and pay you very very very low interest, while using your money to loan to others and very very expensive interests. Now if the people really want to get ahead, they will pull their money out of the banks that do this. When banks begin to fall, they will start paying better interest to thier customers and make banking worth while again.
But until people wake up and realize the power they have in their own hands, nothing will change.
for most people a mortgage is the single biggest financial commitment they will make in their lives. Maiing good financial decisions is the foundation of your future wealth.
Do a little reseacr and make sure your decisions are the right one. Get help from experts. find out what your options are - then act, not before!
mortgageartist . com
keep up to date with the latest mortgage and finance info at no cost to you.
The worst part it's the bank charges you for every thing, for example, I'm in dominican republic, and every month they charge me for every use of the ATM, for having a Debit card (not credit), for having balance under the limit, or if i have de balance over, anyway they charge for something... and the interest its just negligible!!
Berny Madoff is a guy who recently ripped a ton of people of their money... $50 billion in all i think. people invested their money with his company (which was just a big fake) thinking they were getting the best deals.
Berny Madoff is a guy who recently ripped a ton of people of their money... $50 billion in all i think. people invested their money with his company (which was just a big fake) thinking they were getting the best deals.
Save money with a residual income. It's only $10 US/month with no approval process and you profit of 5 levels of downline. Realistic for those who are already full time employees.
Then the Fed cuts interests rates to zero so you get next to nothing in interest. Meanwhile inflation steals your money at 5 percent at least a year. Your savings is worth less and less.
The bad thing is noone wants to wait 20 years to become an ounce richer. It's a good Idea when you have a $1'000'000 and with an interst rate pear year by 6% it will result in your money growing and you will not have to work more i your life with a cheap apartment in the suburbs.
$1'000'000 plus 6% is $1'060'000 that would cover your daily needs in an apartment for $4000 a month in rent. And food bills even other things like a car.
2) Don't complain to me that I took your "comment" seriously, it is your fault for making it look that way, and for posting such on this kind of a site.
Yeah, The Magic of Compounding Interest, Nobody tells you about how much money your losing over the 20 Years due to inflation....She has more paper, but here "dream house" now costs 3x more then 20 years ago.
BS...this is about some chick who is 20 years now and planing on saving for a house that she will be buying in 20 years. She needs to just relax and enjoy her life. She will still be able to purchanse a home with less than $49K 20 years later.
Think long term but thinking whats goign to happen to you 20 years down the road will make you sick and u will die sooner.
Get this. I am working on a book to show how to save with what you spend now. I gave up tipping and each time I put the money in my "cheap bastard jar" and save $1020 in just one year. This is over 100k in a lifetime more than most people accomplish to save. Bottom line dont tip anybody take care of number one yourself.
You're not taking into account about inflation. Basically, a shopping cart worth $100 now may be worth $200 in the future, while still having the same items.
Think how cool it would be if u had like 3% APY and lots of chash u put there like 100 000 and next year have 3 000 more :O this way you get were rich if u have lots of cash and if u win in lottery think about how much cash u can get by putting it all to bank for a year
Too bad the inflation rate is much higher than the interest rate offered by banks. Thus, if one saves in paper dollars, you will be LOSING purchasing power... unless APY exceeds the inflation rate, which is not something the banks are willing to do these days. watch?v=31nPvnwpwEM
And what about taxes ? You don`t really think tha the bank "gives" you something (compound interest) without Big Brother wanting his share like a vampire,do you ?
Now please add inflation plus the ever increasing hunger of the government and tell me if you are still sleeping, Alice !
This is such an illusion ! He is forgeting to talk about inflation that will eat your money way making it worthless,unless you can find a way to have compound interest without inflation.
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Yes, inflation lowers the buying power of cash. However, there is lag time between the point in time which a person inflates the economy to the point in time which the economy realizes that there is more supply of money out there to lower the demand. That is why people and banks are willing to create money out of nothing but money, even if their increased buying power is fleeting.
The important thing is not "how many dollars you have", but "what you can buy with those dollars"..
Interest is such a scheme that causes the inflation..(most economists would claim otherwise saying "interest fighting inflation")
Let's say you borrow 100 dollars at 5 percent interest to produce 10 shoes, each shoe costing 10 dollars. As interest is your expense, you will add it to the retail price. So price will rise at least 5 percent. That is called "inflation".
they don't give you interest because you 'help them out' or 'loan them money' the do it because of interest rates and if they didn't you would end up losing money.... the only way they will use your money for anything is if you put in shit loads and they invest it. this is the stupidest and most fictitious thing i ever heard. . .
that's not how it works.... when a bank gives you a loan it creates the money out of thin air, there's no real money involved? they don't take your money and give it to someone else....
This is surely saving money in plain English! I am a teacher and you definitely explain it in plain simple language with simple graphics that are easy to understand for anyone. Thanks for being simple and to the point.
Banking was a problem way before economy was, or rather banking IS the economy problem. Federal Reserve more specifically, and any banks that run like it. Designed to take as much money from us as it can without our notice, which since we're terrible at noticing things, has been "successful" for hundreds of years. Shut down the Federal Reserve and have the Government print its own money. National Debt goes immediately down from over $10 trillion (TRILLION!) to Zero, Nil, El Zilcho.
Lol. Making money on compound interest is terrible. Not to mention inflation. Find better ways to make money instead. only problem is... the economy's in the shitter :(
Please look at Credit Unions, they really are the only way to ensure that your money is being handled responsibly, rather than being dealt with as chip in the Investment Banking Casino.
I have nothing to do with any Credit Unions except as a saver, but while everyone was panicking last year, I was safe and secure and knew exactly what my Credit Union did and how and why it did it.
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Nice video, but seriously, who has $1200 a month to add to their bank accounts?
Tuberidin01 2 years ago
Try stock, First time by putting 500 or 1000 dollers, as your skills of managing is grown, add more money(e.g. $2000) choosing a good stock company may get you rich way faster than bank interest.
ZGJDJD 2 years ago
They dont factor in inflation, and the fact that the APY is .15% (in hawaii that is, american savings).
chepsy 2 years ago
Nones money is safe with the banksters.
Fight4Privacy 2 years ago
yay
iserenadeyourmum 2 years ago
These are common sense steps, but I guess there's people wh are brilliant bu have no common sense.
XxExoticlySweetxX 2 years ago
i just watch for the pictures :3
UncheckedIrony 2 years ago 2
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proroubad 2 years ago
...@#$%@#
proroubad 2 years ago
I love these vids! It's so easy, I feel stupid.
Coins4Cheese 2 years ago
cool
rahulthube2009 2 years ago
Is this video made for retards?
milstein91 2 years ago 4
good
xiaoyun100 2 years ago
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dameshouse 2 years ago
October 2009- now is the time to invest in the stock market. i bought a stock for 81 cents a share (10,000 shares) sold it for $10.50 cents and made over $97,000 in 4 months. life is good
ninarosie 2 years ago
@ninarosie
I'm sorry maybe my math is off but how exactly did you make over $97,000?
kaos3124 2 years ago 3
.81 cents x 10,000 shares = 8,100 (april '09)
sold 10,000 @ $10.50 a share is $105,000. (8/09)
$105,000 - $8,100 = $96,900 (ok sorry, I was off by $100. ) (it was avis/ budget rent a car. 0.81 cents in April '09. Good luck, Rose Marie
ninarosie 2 years ago
wait wait wait
81 cents = 10.50 cents? dont u lose money?
jakethescenester 2 years ago 2
@ninarosie Fuck! Fucking briliant, fucking congratulations, fucked damn lucky fucky bastard! fuck! fuck! fuck!!! Yeesss, Yuck! Fuck!, life's fucking good!!!
Dzwitch 2 years ago
LOL
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XD
ayd11 2 years ago
It's not what its used to be 2-3 years ago i opened a CD account and 5.15% at 13 months. Now its not even 2% BUY GOLD!!!!
Turk66460 2 years ago
I love saving money and I save over 200 a month and earn money doing this would love to have you join me.
wingoman1 2 years ago
You forgot about inflation. Also the interest is way too low. So why not put it in mutual funds, stocks, bonds, or business investments. Sadly you cant buy a home here with 42,000
Psycatalyst 2 years ago
lmao just buy government stocks, .......
frvfilms 2 years ago
Good luck finding a 3% apy where you can pull it out when you need it. 1.5% at this point, pitiful. And if you have only 24k to put in over 20 years in order to make 19k more? Better than nothing, but pitiful. Some people spend 20k just in remodeling, or more. What she needs to do is put about 10k in a year for 10 years for a start... if she can. Interest isn't what it used to be. It used to be you could invest at 5-5%. Now it's like 1.5%, nearly useless.
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TheNomorelockdoors 2 years ago
I think ppl ignore the name of the title which is saving money in plain English. Clearly, is trying to teach the most basic information about how banks work, all children should watch this. Is this video enough to create an effective savings plan, of course not. Still, how many ppl are saving to buy what they want? the inverse of the video is true, most ppl are borrowing money from banks to buy what they want and end up paying their first child in interest.
alejandra96080 2 years ago
U sound like your talking to a 4 year old chiild. Thats not plain english thats annoying english
Ai00000000 2 years ago
If you want to invest in something as a metal, silver is the best option. Its very cheap compared to gold and it is still used in many applications. Its better than copper in certain situations. You could have bought silver for around $9 an ounce in December of last year and today it is close to $17.50 an ounce. Yes timing is the key. We didnt know $9 was the bottom. I still believe that silver is the best metal to invest in at this point even though it is high at this time.
stings007 2 years ago
Who wrote this crap?
A bank??
This is about the lowest return we could get on our bucks!
TheJapanChannelDcom 2 years ago
Jasmin must be making $75K a year in order to put in $1200/month. What about taxes, rent, car payments, utilities, food, student loans, clothes, and entertainment.
It is easier to "fall" down the stairs and sue for $70K.
BaphometKnows 2 years ago
And what about inflation, biatch?
azpeev 2 years ago
lol good comment, I am pretty sure in 20 years inflation will beat that 3%, not to mention in practice the APY is barely at 2%. If you want to actually save and make money. Save the money in gold, produce and invest. Gold prices increase with inflation.
SuperFinGuy 2 years ago
Term deposit is a better option at 8% p.a given inflation annual avgerages 4% over time this solution will give you the buying power this video alludes to with its 3% which would amount to 1% LESS buying power in 20 years even though its $42,000.
mezbup 2 years ago
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macosaffiliatecrew 2 years ago
Her first home at 40..?
meadyGk 2 years ago
Aww its a pity that the inflation will wipe out any money she had put in the bank. Poor Jasmines 42,000 in 20 years has less buying power than when her orginal 29,000 did :(
TheronDragoon 2 years ago
Not to mention the government will like a peice of any interest Jasmine has earned.
TheronDragoon 2 years ago
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acrowBruto 2 years ago
If you know your way through the stock market after you get your first million getting another million is easy...
FunnyGlitcher 2 years ago
I rather invest my money... The interest you get in the bank is just too damn low to "earn more money"
FunnyGlitcher 2 years ago 2
Problem, Interest that banks give you these days wont amount to anything, because it won't track the inflation rate. If you keep your money in the bank for a rainy day your fooling yourself in this economic climate. Its not going to change soon either. Put your savings into gold or silver. These metals always track and beat inflation rates.
PukkPukk 2 years ago
Hey there bro...your comment is interesting but i need to know more.Firstly what is track and how can the gold beat inflation rates..? i am looking to invest in some type metal right now...Can you give me a example...lets say i invest 100 dollars in gold today...in the next ten years what will it be worth and how does inflation not affect it?
HelpSaveTheEarth2051 2 years ago
Ok, If you hold 10 dollars cash in the bank in a normal savings account for 10 years, it will be devalued by the rate of inflation. What you can buy today with 10 dollars will not be the same in 10 years, it will be actually less. If you buy $1000.00 worth of gold at a good price now and hold that gold for 10 years the value will track or actually beat the inflation rate so when you cash out you will retain the value of your savings. Do not invest in gold, save with gold.
PukkPukk 2 years ago 2
do any body no a banks or credit unions with a more high interest/apy then 3% and what about a monthly interest/apy not years i dont want to go that long. can anybody tell me?
attie3 2 years ago
You can open an account with UBS. They pay 11% on foreign national bank accounts. Do check out my channel for I have some things on saving money etc
Renaissanceman86 2 years ago
yaaay
33dgtp 2 years ago
Worst tip ever. Use the savings to buy commodities and diversify. If you buy stocks, buy solid companies with low P/E in emerging markets.
We have reached peak Oil, the demand stays about the same the following 20 years and the reserves are contracting.
Tip 2, dont be loyal to your investments, if you have reached a desired earning move out. The only loyalty you should have is to your own cash when it comes to investments. The $ is in decline, even the SEK will have 10% return in 1 year.
muttamutta 2 years ago
this guys voice is way too camp for me to take him seriously.
nickwomersley 2 years ago
Nice, but then Jasmine would have to live in her parents' house until she was 40 years old? XD
JMDroogheid 2 years ago 5
yes but this is an example, not reality, but that would just be crazy, i'd laugh at her if she was my friend
Fredy216B 2 years ago
I hear you! these tips are crap in this economic climate. The amount of interest banks give you is crap compared to the inflation rate. Wait until this money that we are printing gets out there, have you heard of hyperinflation? Buy silver or gold to save.
PukkPukk 2 years ago
SO GOOD!
IsisStarlights 2 years ago
Cool, makes sence.
Frostback02 2 years ago
They forgot inflation. Money becomes worth less every year by an average rate of about 3.2- 3.6% each year. If Jasmine is only getting 3% she is losing buying power as her money depreciates in value. Looks like Jasmine needs a better plan.Jasmine needs to lock her money into CDs whenever the rates are above 4% and she needs to find better investments when rates are low. (equities, bonds, rental properties,etc.) She should also make large purchases while the interest rates are low.
snwbm 2 years ago 5
Ok... :)
JMDroogheid 2 years ago
This comment has received too many negative votes show
how i wasted 3 min and 50sec of my life. that was fucking gay.
he sounds like a fag
football6680 2 years ago
Er...you start watching a video, you dont like it.......you know you dont HAVE to watch it all the way through, right? -.-;
LionessKim 2 years ago
well....this isnt common sense
rmysterio80 2 years ago
now i see why ppl sell drugs WTF....
pvnigga 2 years ago 2
Bankers are crooks. They use your money and pay you very very very low interest, while using your money to loan to others and very very expensive interests. Now if the people really want to get ahead, they will pull their money out of the banks that do this. When banks begin to fall, they will start paying better interest to thier customers and make banking worth while again.
But until people wake up and realize the power they have in their own hands, nothing will change.
UnderstandingCuresMe 2 years ago
This has been flagged as spam show
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MrMortgage1 2 years ago
Yeah i don't believe people are going to wait 20 years to get 42,000$ while they can make more in less amount of time
greentailanimations 2 years ago 3
you dumb. thats just an example. get a life dude..
kaizer2v 2 years ago
Your dumb, cause thats a bad examply. Get a life dude
greentailanimations 2 years ago
im not gonna wait 20 years, i could die by then!
DannyVos 2 years ago
this has MANY rsks, like losing ALL your money
cetko13 2 years ago
Nice Job!!!
Marlonvgarcia 2 years ago
The worst part it's the bank charges you for every thing, for example, I'm in dominican republic, and every month they charge me for every use of the ATM, for having a Debit card (not credit), for having balance under the limit, or if i have de balance over, anyway they charge for something... and the interest its just negligible!!
JabelG 2 years ago
and that's how the economical resscession happened kiddies !
fairyfucktard 2 years ago
What are you explaining this to, 5 year olds?
Also, it doesn't matter how much you save in the bank if that bank closes.
Though I never got the idea of interest since eventually there will be more interest due then there is money in existence.
PaperFanblade 2 years ago
God... Just 3%.... Thats shitty, in 20 years she could be dead. Can't take that cash with you where you are going when that happens. :)
Sealie 2 years ago
damn she still dont even got enough money, dats like just a down payment nowadays
yocatu 2 years ago
I earned 52 cents last year. In only 5 more years, I will be able to buy a cup of coffee : )
dumbhotguy 2 years ago 5
lol. you are a TRUMP
MonceLTTT 2 years ago
hahahaha
jaysteinbourg 2 years ago
that's how Madoff stole people's money. Because they wanted higher APY
ceb2008love 2 years ago
Who or what is Madoff?
Sorry, I´m just 12 : )
pianist5000 2 years ago
Berny Madoff is a guy who recently ripped a ton of people of their money... $50 billion in all i think. people invested their money with his company (which was just a big fake) thinking they were getting the best deals.
moshePK 2 years ago
This has been flagged as spam show
Berny Madoff is a guy who recently ripped a ton of people of their money... $50 billion in all i think. people invested their money with his company (which was just a big fake) thinking they were getting the best deals.
moshePK 2 years ago
in the current economy the interest is so low it's barely anything
GamingElf 2 years ago
20 Years is quite a long time.
KurdRaw 2 years ago
fucking 20 years, she will be 40, what the fuck is 100 dollars nowadays!!!!!
charanjit1974 2 years ago
Interest is one of the worst inventions of the modern age. Just work hard, and you'll get the money, also earned money "feels" a lot better.
Razorblade62 2 years ago
Intrest = Credit Crunch = Custer Fucked
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grzzpo 2 years ago
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jeraldmcginnis 2 years ago
you could just rob the bank...
Zovex11 2 years ago 2
LMFAO!!!
welsha72 2 years ago
well, you could..
Zovex11 2 years ago
That's not compound interest.
TheBrassHole 2 years ago
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Icecapp87 2 years ago
was this payed for by aig? cos i think they want there cash back.....
ryanertime 2 years ago
too bad the apy isnt really 3%... its too unrealistic.. more than of 0.03 %..
dodochicky 2 years ago
Then the Fed cuts interests rates to zero so you get next to nothing in interest. Meanwhile inflation steals your money at 5 percent at least a year. Your savings is worth less and less.
zappos49 2 years ago 2
make a time machine and put your money in the first bank that had apy and ur fucking rich omgomg
Zevl12 2 years ago
if you leave it abandoned that long they take it
ryanertime 2 years ago
The bad thing is noone wants to wait 20 years to become an ounce richer. It's a good Idea when you have a $1'000'000 and with an interst rate pear year by 6% it will result in your money growing and you will not have to work more i your life with a cheap apartment in the suburbs.
$1'000'000 plus 6% is $1'060'000 that would cover your daily needs in an apartment for $4000 a month in rent. And food bills even other things like a car.
livedandletdie 2 years ago
It's hard enough for someone to own one million dollars in savings anyway.
rawwqq 2 years ago 3
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meegowl 2 years ago
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JUST DO IT IT'S SCARY!
computermanharis 2 years ago
i went from piggy bank too lemans then piggy bank
smilingvulture 2 years ago
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tadeuzinho1 2 years ago
This comment has received too many negative votes show
Why not simply hire herself out as a prostitute?
It's what most women do, and they make a fortune.
Gorilla199abuser 2 years ago
Because some women don't want to be a whore, and some women don't want STD's
EPhantom125 2 years ago 2
There's only one kind of person worse than a douchebag like me: Someone who thinks I am being serious.
You are a fucking slagpit goobag fucktard.
Gorilla199abuser 2 years ago
1) Learn how to insult people properly.
2) Don't complain to me that I took your "comment" seriously, it is your fault for making it look that way, and for posting such on this kind of a site.
EPhantom125 2 years ago 2
Really?
scoobes11 2 years ago
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Saifan43 2 years ago
Saving is for squares! Here's what Jasmine has to do...
Just say she's black or Hispanic!
Then, claim that the reason she has a bad credit-score is RACISM! (ignoring the fact that she's never repaid a debt in her life.)
Next, she can get help from ACORN in pressuring banks to loan her money, BECAUSE SHE'S NOT WHITE!
See how easy it is?
Craigbe 2 years ago
Yeah, The Magic of Compounding Interest, Nobody tells you about how much money your losing over the 20 Years due to inflation....She has more paper, but here "dream house" now costs 3x more then 20 years ago.
Nickolie0990 2 years ago
Thats very true Nickolie
scoobes11 2 years ago
Comment removed
Porkface 2 years ago
Porkface, I found this kinda sad:
YOU CAN'T SPELL !!!
lambdavi 2 years ago
20 years of savings so she can take her money and get into goddamn debt to the bankers and become a slave for another 20 or so years.
redn40 2 years ago 4
Is this true? What in saudi arabia and philippines?
How much m0ney should I put in the bank to gain a higher interest?
foxbeast412 2 years ago
BS...this is about some chick who is 20 years now and planing on saving for a house that she will be buying in 20 years. She needs to just relax and enjoy her life. She will still be able to purchanse a home with less than $49K 20 years later.
Think long term but thinking whats goign to happen to you 20 years down the road will make you sick and u will die sooner.
Mobius000001 2 years ago
i have 50% apy
slay3r42057 2 years ago
Yeah, because 3% APYs exist everywhere these days...idiots...
RonnyPaz 2 years ago
This has been flagged as spam show
1. copy and paste
2. send this to 2 other videos.
3. hold your breath for 10 seconds
4. press refresh twice
3. LOOK AT YOUR HANDS
iou432 2 years ago
This is cute, but Mr. Stingy rips a brand new one in cheap. Wanna REALLY make money and save it? Check out my account page for Mr. Stingy's blog!
MrTrifty 2 years ago
boring
stablesgirl25 2 years ago
Get this. I am working on a book to show how to save with what you spend now. I gave up tipping and each time I put the money in my "cheap bastard jar" and save $1020 in just one year. This is over 100k in a lifetime more than most people accomplish to save. Bottom line dont tip anybody take care of number one yourself.
fosschr 2 years ago
hahahahahaha!
jshohio 2 years ago
not compared to a year ago ;)
jshohio 2 years ago
You're not taking into account about inflation. Basically, a shopping cart worth $100 now may be worth $200 in the future, while still having the same items.
senseless143 2 years ago 4
That's a big piggy bank
PokefanX 2 years ago
Think how cool it would be if u had like 3% APY and lots of chash u put there like 100 000 and next year have 3 000 more :O this way you get were rich if u have lots of cash and if u win in lottery think about how much cash u can get by putting it all to bank for a year
Jebu911 2 years ago
they say if u put 1mil money in the bank you could live like you have been living just off the interest.
Pokefreak50000 2 years ago
Wow! Very helpful, thanks! :)
xxstarshapedxx 2 years ago
Too bad the inflation rate is much higher than the interest rate offered by banks. Thus, if one saves in paper dollars, you will be LOSING purchasing power... unless APY exceeds the inflation rate, which is not something the banks are willing to do these days. watch?v=31nPvnwpwEM
lloydmer 2 years ago 2
Exactly! I was also thinking about this during my watch :P
DaniarRanger 2 years ago
to bad the bank will loan all your money. or a bail out or sumthin
rockyman2000 2 years ago
wow you really have no idea what your talking about do you?
redfan45x 2 years ago
And what about taxes ? You don`t really think tha the bank "gives" you something (compound interest) without Big Brother wanting his share like a vampire,do you ?
Now please add inflation plus the ever increasing hunger of the government and tell me if you are still sleeping, Alice !
crakri 2 years ago
This is such an illusion ! He is forgeting to talk about inflation that will eat your money way making it worthless,unless you can find a way to have compound interest without inflation.
crakri 2 years ago
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Aftonrtd 2 years ago
i have the same problem as mattz456 but i need £650 for a new mac minni
JayRyan2008 2 years ago
This comment has received too many negative votes show
Whoever takes advice from a guy using paper dolls to explain his points is a fucking loser.
CelGamer 2 years ago
Comment removed
bobthegoat2k1 2 years ago
im 13 and i want to save up 350 £/$ for a new HD underwater camera and ni have a money problem i need help on how to save money.
mattz456 2 years ago
Better than that. You save 1K every month for 5 years and that would be $60K
With 60K you got plenty of dough to go to a foreclosure auction and may be (a friend of mine did it) get a house for less than $20K
Guess what?, now you have a house and $40 K left to do whatever you want.
Think about it, with a paid off house you have no more monthly payments and you be ok.
Continue.
argent2020 2 years ago
Now, you go to buy a house like most people do. Put down $5K and pay $900.00 a month for 30 months, which equals 324,000
By the time you finish paying that amount, that house may sale for less than that, so where's the investment?.
Best advice: Save the Money and pay cash for it.
argent2020 2 years ago
Yes, inflation lowers the buying power of cash. However, there is lag time between the point in time which a person inflates the economy to the point in time which the economy realizes that there is more supply of money out there to lower the demand. That is why people and banks are willing to create money out of nothing but money, even if their increased buying power is fleeting.
Phox02 2 years ago
u r awesome
prafs81 2 years ago
Let me tell you one thing:
The important thing is not "how many dollars you have", but "what you can buy with those dollars"..
Interest is such a scheme that causes the inflation..(most economists would claim otherwise saying "interest fighting inflation")
Let's say you borrow 100 dollars at 5 percent interest to produce 10 shoes, each shoe costing 10 dollars. As interest is your expense, you will add it to the retail price. So price will rise at least 5 percent. That is called "inflation".
oktmel 2 years ago
Great Video. I like how you break it down. We all need to benefit more from compound interest.
affluence8 2 years ago
where is her hair?
20 years?! man i'd be collecting retirement by then
Flowmasta 2 years ago
20 years?? it's better to steal a house.
beatboxrockerN1 2 years ago
they don't give you interest because you 'help them out' or 'loan them money' the do it because of interest rates and if they didn't you would end up losing money.... the only way they will use your money for anything is if you put in shit loads and they invest it. this is the stupidest and most fictitious thing i ever heard. . .
professorkipling 2 years ago
that's not how it works.... when a bank gives you a loan it creates the money out of thin air, there's no real money involved? they don't take your money and give it to someone else....
professorkipling 2 years ago
professorkipling is actually right, google Money as Debt and watch the video. It's all explained.
creaturex 2 years ago
lke we dont know these simple household economics
whhyyyyyyyyyy 2 years ago
this is completely retarded. 20 yrs!!?
just go do some illegal stuff like drugs or sumthin -> its better to live 5 years like a king than 20 like a slave
rutgerhau3r 2 years ago
She has no face...
jon0990 2 years ago
thats a good plan but if you wanna make somting out of bank you atleas need 1 mil but halifax offers you more they offer you 10 persent :)
sodia1 2 years ago
just a shame she will be 40 and not own a home
pk3r72owns 2 years ago 4
hahah thats sad
sodia1 2 years ago
This is surely saving money in plain English! I am a teacher and you definitely explain it in plain simple language with simple graphics that are easy to understand for anyone. Thanks for being simple and to the point.
smilingshirley 2 years ago
Banking was a problem way before economy was, or rather banking IS the economy problem. Federal Reserve more specifically, and any banks that run like it. Designed to take as much money from us as it can without our notice, which since we're terrible at noticing things, has been "successful" for hundreds of years. Shut down the Federal Reserve and have the Government print its own money. National Debt goes immediately down from over $10 trillion (TRILLION!) to Zero, Nil, El Zilcho.
DemonHide 2 years ago
you couldn't be more right i totally feel you on this
zw0ecool 2 years ago
this is stupid and reductive
niamhferris 2 years ago
After 20 years that money will be shit thanks to inflation. So, buy the fucking latte and get some hair.
luckyguitar123 2 years ago 2
You are my hero.
erixmix 2 years ago
I know.
luckyguitar123 2 years ago
You said it brotha!
MapleSephiroth 2 years ago
Lol. Making money on compound interest is terrible. Not to mention inflation. Find better ways to make money instead. only problem is... the economy's in the shitter :(
Or as Babiesuck666 recommends
"invest in Satan"
lulz
dishwad 2 years ago 2
Please look at Credit Unions, they really are the only way to ensure that your money is being handled responsibly, rather than being dealt with as chip in the Investment Banking Casino.
I have nothing to do with any Credit Unions except as a saver, but while everyone was panicking last year, I was safe and secure and knew exactly what my Credit Union did and how and why it did it.
Best of Luck.
calorus 2 years ago
invest in Satan
Babiesuck666 2 years ago
yaaaayyy 3%!!!!
just enough to keep up with inflation
yaaaayyy!!!
Chenzo2323 2 years ago 2
If you're lucky enough for you bank not to go bust - or rather to be bailed out when it does...
calorus 2 years ago
good explaination for kids..... but The $42,000 is UNREAL in california !
vanpat1987 2 years ago
1. this is tradtional advice about money but actually it is bad advice
2. 3-5% ANNUAL return on your money is a terrible return
3. Inflation will destroy what you gained in interest
4. Stocks and Shares is better then putting mone in bank
5. But the only true way to get rich today is just like it was 1000 or 2000 years ago... start your own business.
Janissary225 2 years ago 2
Ok I'll go out and start a business right now, oh wait no one's lending.
GretnaBlast 2 years ago
jasmen needs to buy some hair first
gwrestore 2 years ago 2
its a good start but its better if you put your money in a cd or even invest it in a company
germanturkeyhunter 3 years ago
sorry this teory sucks, not real!!
mufasa10811 3 years ago
This has been flagged as spam show
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