Is SAVING enough!?

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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

[cloudymochi]

“And you decided to tell me this when I retired??”

[Philrc]

Now show the list of all the people who unwisely invested in businesses that went down the drain taking all that money with them

[ca]

"Wait, kid!" That part cracked me up. No actual parent would talk to their child like this, or at least they shouldn't be lol. 😂

[𝒱𝒶𝓃𝒾𝓁𝓁𝒶𝒫𝑒𝓃𝑔𝓊𝒾𝓃𝑜]

Dad : “Money doesn’t grow on trees”
Me : well, money is made out of paper, and paper is made out of trees…

[chrissy.xoxooo]

“so i could have bought that Barbie all this time..” ☹️

[mandyyyyyyyyyy]

If she bought the Barbie, it probably could be sold as a antique Barbie by now

[virlomientreri]

This is solid advice. Invest. But you should definitely always have some cash in your bank for emergencies. Medical, car trouble, etcetc.

[islambrahimi]

Sis is the definition of''I tried so hard and got so far but in the end it doesn't even matter''

[mintykatt]

“Money doesn’t grow on trees”
Animal crossing:

[thebookwasbetter]

Worked at a BK in high school and bought savings bonds with every pay check. They paid 6% back then. Paid for college with them. I think the main benefit of them was that my money wasnt easily accessible like a savings account so it was difficult to spend on a whim.

[Bella_crybaby-xbyy]

You are so sweet. You are so smart and positive. Everyday I feel bad but when you get on my FYP you make me so happy, ignore the haters and make more people happy!

[infernoninja]

"Don't worry I'm gonna save it"

Boss: I don't care

[venetiaquick]

That one kid: actually money does grow-

[duckduckquackerquacker]

never let them know your next move: dont deposit the cash in your savings account and just keep it in a envelope. it wont lose value then

[Krikket-hmpz]

Things that I didn't know and no one ever taught me --- I'm SO excited, after all of my long years, to finally become financially literate, wise and responsible. It's NEVER too late to start and learn. Thank you, Ms. Erika! 🙏🙌👍🥰😊

[theog_emma]

"You should have invested it"
Me who is not even 16: 👁👄👁

[haimschlesinger]

just pointing out something that may be confusing,

10000$ invested in a savings accounts will remain 10000$ (plus minimal interest) after 25 years.

but the "purchasing power" of that money decreases. because of "inflation", produce is more expensive over time (gas/food/real estate tends to increase in price) which means you can buy less.

[Crazydude]

Erika: ehh who taught u this?
Bank manager: Who The Hell do u think i am a doctor?

[k_ethxn]

And that’s why instead of her dad giving her $100 he SHOULD have given her $10, 000 🤦‍♂️

[bean_opportunity]

if you invest money you could also lose it btw. Saving doesn't bring money down because of inflation. My mom was investing money but lost it a couple of years ago