100 Comments

  1. Max G says:

    I'm only 19. I've got a grand to my name and in college. What's the best option for me to help pay off my loans as well make money for the future. Also, do you have a video telling about how to sell portions of your portfolio to actually have the money in your account?

  2. Tobius Onthebrink says:

    ALLY bank sucks

  3. Shane Johnson says:

    Junk

  4. Mr. Potatoe Head says:

    This is the stupidest advice ever. Bonds are shit, FDIC is shit etc. Anything backed by a broke ass government is shit. I'd rather stash my cash in a tree house in the middle of the woods than to put it in a bank. I would never risk the bank holding my money in turn for thier interest peanuts they pay to have it there. And the online crap? Just a matter of pushing a few buttons, and poof, all your money is gone. No way can this guy truly be a financial advisor.

  5. Shane Johnson says:

    Punk

  6. Shane Johnson says:

    More like "Wealth Hack"

  7. Commando Master says:

    Disadvantage of online banks is that you can't make large cash deposits/withdrawals. Also there's no face to face interaction with the bank staff if u need help with something.

  8. Alberto Carranza says:

    You're lucky than most

  9. Forrest Franks says:

    Bullshit

  10. Forrest Franks says:

    Brick and mortar has online banking. And provides a lot more services. You get what you pay for. Investment is for those who are able to invest long term. Not 1-3 years….
    It's money that needs to stay invested for many years.

  11. George Finan says:

    Saving money in a safe resisting fire for 30 minutes is more exposed to risk factors. However, interest rate compared to banks saving account is almost the same. Thanks.

  12. finakis vantarakis says:

    Buy Bitcoin now. Thank me on 2021-2022.

  13. Trip trip says:

    lol omg how in the hell did i know he was going to say in a safe or something like that lol

    i was thinking under the mattress

    lol sounds like my mother she will horde money like its no tomorrow

  14. Rav Singh says:

    These are great suggestions. Could you recommend any UK alternatives to lending club? Where the money is invested automatically. Thanks

  15. Makeen 5 says:

    After watching this video I had to hit the like and subscribe button.

  16. Jay G says:

    I would be telling people to put their money in a Broker Account and study the movements of Penny Stocks that have $1 Billion or more in Sales. Among all Penny Stocks these are the ones that I've backtested that may pay as much as 2,800% return on your money. See, the price of ticker symbol (NIHD) back Dec. 2017 out to 8 short months later. Use Finvizdotcom as your research Platform to find these Gems. There aren't many of them, but these are among the ones that can provide you with mind-blowing returns on your money. Take this one idea with you to the Stockmarket and you'll be fine, but don't forget this Idea and apply it to Penny Stocks. "Mr. Wonderful on the TV Show, "Shark Tank" says, "I like pouring my money on the Gasoline that is Sales". I.E., Mr. Wonderful likes pouring his money on money and that money in relation to stocks usually reveals itself in the Sales of a Business, not always, but most of the time. You have to consider debt, Balance Sheets and Financial Statements as well, but learning this stuff is easy and the training for it is Free — Online. You Tube, in fact, is the most under-rated training platform in existence.

  17. Kathryn J. Hernandez says:

    I lost you at the photo of Steve Mnuchin, US Secretary of the Treasury. First. a correction: FDIC will not help regular banking customers. Banks are obligated to pay off the $$$$ derivative holders before they ever get to regular customers. So, thos who hold bank accounts are screwed! Time to become your own bank via cryptocurrencies. I began learning about blockchain tech 3+ years ago–on my own at age 62. I pulled out the money from my bank and bought Ethereum, Litecoin and Bitcoin which I continue to hold offline in my own possession. Took profits from initial investment, bought some silver and paid off all debt. Crypto still pretty new and this tech is going to be astounding! Ditch legacy banks as fiat is inflating faster than a speeding train. My crypto will be secure through upcoming SHTF world financial collapse caused by Mnuchin's Federal Reserve and the criminal central banks. I continue to hodl and cost-average in for more as I can. The crypto market is wildly undervalued right now.

  18. XTRACRYPTO says:

    Where is crypto bro

  19. Claude Yuen says:

    Real wealth is cows and land: why? cows give precious milk as well as offsprings…Her dung and urine is all whats required for land fertilizer[organic] her urine can be turned into natural pesticides when mixed with certain plants…no need whatsoever of expensive cehmicals dangerous for health- your agricultural products will also be more valuable-without poison! With one cow and bull,you end up,with 15 animals in 10 yrs…Dont kill any,as you will be ruined-KARMA! Best to give/sell to other same minded farmers …and turn the world into paradise with ahimsa agriculture[non-violent and divine] contact me for more infos..https://www.facebook.com/cidanandas777/

  20. Bruce Boyles says:

    Banks to hold your money, any banks, read this, so did you know under us law that as soon as you put your money into a bank they own the funds and you now would be classifed as an unsecured creditor. Most people are not aware of this law, so the law is called the Dodd-Frank Wall st. Reform Act where if a bank falls on hard times thats it baby say goodbye to your bucks forever. And don't think that the fdic insurance is going to bail you out either, because they donot have enough money to pay all the bad loans the bad stock trades when the crash comes, you would be lucky to get .25 on the dollar. Only one bank I know will not be affected and they are the North Dakota Bank you are protected and the money will still be there after the crash.

  21. George Singh says:

    Un line bank will disappear with a click !

  22. TheIndianBlader AshtonPinto says:

    Thanks.. Jesus Bless From India

  23. Ales Vinko says:

    Just by BTC and hodl. U will get interests every day. Say NO to banks and zionists!!!!

  24. Douglas Donaldson says:

    Gold, Art, and Land. Anything else is a waste of time.

  25. Dave Saenz says:

    Jeff that's good advice, but wish you would have given us a break down of the % paid for each or an estimate since they do change a bit.

  26. Nick Kingston says:

    Those rates are laughable, grow weed

  27. ELK says:

    If you've ever actually read the fine print on the FDIC insurance agreement you'll laugh like I do when you hear anyone talking about how safe FDIC banking is. And all you have to do to verify that is to go back and look at what happened when The Fed crashed the economy circa 1929 for those who have done their homework on the Great Depression. Long lines of people demanding their money who nearly all went home empty handed.

    Or perhaps the financial crisis of 2008 is more noteworthy to some given that it is more recent history. Either event was planned but I'll cover that topic at another time and place.

    By the way, most people in banking have never read the fine print on that FDIC insurance agreement. So many in banking actually believe it's legit.

    There's simply not enough actual cash in the economy to cover even 10% of the money on deposit in all the financial institutions that are so often touted as being so safe. You might as well believe in Santa Claus.

    And that's on top of the fact that banks never give you an interest rate which exceeds inflation (much less anywhere even close to inflation) and I'm talking about real inflation not the phony government numbers that are paraded out to the public via the sewer stream media. Even investing in real estate is smarter than putting your money in a bank or credit union at least as long as no one is planning on crashing the economy again.

    If you're not earning at least 12% on your money then what you're doing is screwing yourself. And there are ample opportunities where you can easily outperform that 12% with say 25% or higher and do so consistently if you stay on top of that game. That's actually pretty easy.

    In fact, right now, you can earn 25% starting out with less than $300 and you can move up to 49%+. That 49%+ is for an extremely limited number of people and it'll be gone in a couple months, if not sooner, with over 99% of the public ever even getting wind of it.

    That's just an example that there are much better deals than 12% interest available but you have to be in the know and very few of those offers ever meet the ears of the average person because the average person isn't a savvy investor.

    Slaves are always told to play it safe and banksters love to see another fool coming in to put money in a regular savings account because that's how the fractional reserve banksters butter their bread. And I should know having come from that system.

    There are investment scammers out there. One needs to look no further than Bernie Madoff and see that he actually made off with the vast balance of the money he conned people out of. And you can probably go to Vegas and put money down on the fact that even Federal investigators will never recover the money Madoff made off with.

    In fact, I can show you how use the lottery system to earn extra money for yourself while avoiding the risk of playing the lottery. But that's for another time and place as well.

  28. Kara Evans says:

    Do you recommend any modern book for complete beginners with investing?

  29. Royal Blue says:

    Fundrise has 3 choices, which one did you use? 1. Supplemental Income. 2. Balance Investing. 3. Long-term Growth.

  30. vanikin4life says:

    Weath hacker What about PayPal? Can you save money there??

  31. Nayan Mipun says:

    Make your own hedge fund for your own money

  32. Sonny Moon says:

    https://www.youtube.com/watch?v=O6ayb02bwp0 start your own bank and see what happens. why don't we learn this at school. Because those that used to control the central banks and are still trying today (2-17-19) have the goal of robbing you blind and then killing you. Sad but true. Stay out of crypto currencies. just like real estate… when they have enough suckers out there, they pull the plug. you have zero recourse no matter what they do. if you need to save, keep it in some real goods… real estate is not one of them. The title to all your property by the way lists you as the "tenant". Check it out ! That is why they can take it away for non-payment of taxes because it is not even yours. Just be careful and do not become too attached to your money. it is much more beneficial in the long run to become attached to helping humanity. 120,000 people die daily of preventable causes. Help them ! Make friends on facebook in other countries where these people are living and support them. Most countries live on 1/50th or less what we do. that means if you can send them $100 a month, in many cases they can stay with their family and raise happy children. This is the best thing people can offer for the future of this world. Happy children = Happy future. No criminals can defeat happiness. unless a criminal cabal can convince people to be afraid and that abuse is normal, they will have no power at all. after all there are more than 1,000,000 good people for each of them. it is pure hoax. they have zero power when people know this. https://www.youtube.com/watch?v=H6b70TUbdfs

  33. LethalPhatGuy says:

    Allky bank savings 2.25% Discover saving 2.0% and discover debit card 1% back on any purchase.

  34. Donald Hurstjr says:

    No having cash is not wrong

  35. JM RAMIS says:

    I agree with most of your comments, I have a question what would happen in a SHTF situation, how you withdraw your money or cash when all banks are closed , the grid is down? How much currency do you need to have stashed in your home?

  36. Me And You says:

    If you trust the bank with your money, just let your neighbors hold on to it instead. People are going to lose everything just like in 1929… don't think that the federal is going to insure your money, they will tell you that they are broke also. People think they make money in their savings, but on the other hand they are paying interest on everything they own, cars home, furniture c.card n on n on. Pay cash for everything if you can, n you be making money. Don't forget that you have to pay taxes on your interests the banks pay you. My bro in law never bought on credit, when he retired he owned many properties and all paid for. The down fall was that he couldn't co-sign for his son because he had no credit, that's a blessing to me. In the 60s the banks were paying 5% n more in just regular savings, now you almost have to pay them.

  37. don wilson says:

    Wearing t-shirts with clever sayings or names of rock bands on them should really end by the time you're no longer a teenager. If you want to be taken seriously you need to present yourself as an adult and quit wearing t-shirts with Lynyrd Skynyrd and the like on them. JMO

  38. borg386 says:

    Preservation of wealth …silver and gold.
    Investing…crypto currencies.

  39. eric yares says:

    im getting 3% rate for $5000 with cibc

  40. Ariharan Mani says:

    WANT TO ROB MONEY OPEN A BANK 🙂

  41. Anthony Diaz says:

    mumbo / jumbo …… run for the hills …. he will take you there run forest run ….you say nothing …STFU ALREADY YOU WANT THAT
    140,000 SO BAD sorry go thf..home get a real job …. PLEASE

  42. I. Ganas says:

    Title says "Alterbatives to putting your money into a Bank." Then, your first suggesting says to put it in an online. BANK!

  43. Charlie Salazar says:

    Attention everyone. The best possible way to invest money instead of saving it is converting it to silver and gold. The dollar loses value each year and silver and gold gain value. Not to mention that silver and gold appreciate during recessions due to being seen as safe haven assets when stocks lose value. Not to sound like a tin foil hat guy but there are a lot of warnings about a looming recession in the near future. The auto industry is failing, housing prices are dropping across the board, and there’s less demand for houses. Americans owe 1.5 trillion in credit card debt. 76% of Americans live paycheck to paycheck. I think we will see gold and silvers prices rise dramatically during a depression, which is why I have been going all out investing in silver in particular. There are amazing YouTube videos you can find talking about this better than me. I firmly believe these will be the best investments of my life

  44. kingkongstrong says:

    Buy live stocks. The return on investment is milk, cheese, butter, and even beef. The live stock market never crashes.

  45. Michelle Barre says:

    What about whole life insurance policies to be able to borrow against in need

  46. yvette aHarrison says:

    You could make a fortune as a stand in, coz you look like Nicolas Cage !

  47. FireAntzBlazing says:

    I put mine in stash and my portfolio is doing great

  48. stockimage canvas says:

    I don’t have money to save it and just happy that not buy stress with money!

  49. Lisa McClendon says:

    I'm a fan of Rich Uncle!

  50. Kenny H says:

    Capitol One pays %2 whoopie fizz! But its FDIC insured.

  51. Yander Dreams says:

    If you're going to do online banking, avoid Chime. Their customer service sucks. Chime is fee free, but if shit hits the ceiling fan, you want to know you can trust your bank to resolve the issue. Chime, from what Ive read from complaints, is very incompetent when it comes to protecting your money. Not only does it seem ridiculously east for people all the way in other states to somehow have access to your bank account through your card number, despite the fact that your card isnt lost or stolen, when you file a dispute, you cant trust Chime to resolve your issue. Ive read complaints where customers have said that Chime basically told the customer to resolve the issue themselves. Chime is so unprofessional, they'll put you on threeway with a merchant to get your issue resolved. I had Chime bank, and no more than a week after opening my chime account, immediately after giving my employer my information to for direct deposit, my account was compromised. Someone tried to buy jewelry at a jewelry store with my account information. Thank god I had no money in the account at the time, so the transaction didn't go through. I called Chime and asked them to change my account information and they told me that they couldn't. I asked if it was possible to just shut down my chime account all together, and they refuse to close your account. So once you have a chime bank account opened, you're stuck with them forever. You CAN NOT close a chime account. Needless to say, I never put any money into that bank, and I think I dodged a bullet, because customers of Chime have said that they have lost a lot of money due to fraudulent activity that chime failed to resolve. Your money is definitely not safe with Chime, and I was lucky to have dodged that bullet by not losing any money, because if you happen to lose any money with Chime, you can kiss that money goodbye. From the complaints Ive read, you will never get that money back. Now… What I find odd, is this. With all of the complaints, somehow the people who had their money stolen, have said that the money was taken because who ever the thief is, has access to their bank account through their card. One girl said that her card number was used in two different states, in the same hour. With me, My card was used at a jewelry store… However… In both our cases, our cards were in our possession. HOW did they get our card number? With me, I only had the damn card for a week, and never showed it to anyone, never lost it, or misplaced it. Now I have a conspiracy…. I think Chime employees, or who ever has access to these cards before they are shipped out, copies card information to use later. So according to my theory, the chime employees cant be trusted. Ive never had this issue with bank of america, with random people suddenly having your debit card information, despite the fact that your card is on you and you've never shown anyone your card. So Chime debit cards are not secure, and someone people are, random people from all over the country, are able to access your account through your card number, despite your card being safely in your possession. I was looking to leave Bank of america, because I was sick of their fees. Thats how I found Chime. I liked chime until I ran into a security issue with my account immediately after opening it, and already having someone try to steal money. Then, according to other customer complaints, if someone DID steal my money, I was just going to be fucked, because Chime was not going to handle the situation properly.

  52. Yander Dreams says:

    Qapitol is a nice place to store money

  53. Kim Him says:

    You have to file tax if you make more than $10 dollars.

  54. Afortunado Burke says:

    No it's okay thank you very much! I'll keep leaving my money in a Rick and Morty Bank!

  55. Victor Nameless says:

    Money market account doens't pay you anything? What?

  56. C Richardi says:

    Buy dividend paying stocks!

  57. Mike Miron says:

    Most people haven’t seen someone try to execute on these concepts, and go step by step from living check to check, to success.
    That’s why i started a channel, I only have 1 video up so far but it shows all my personal finances, and video to video I’ll go step by step using advice from this channel and few others on YouTube I like, so subscribers will see what’s actually possible.
    Most of the Youtubers in the self help / personal finance niche already have a good financial situation and are throwing a rope down with info. I want my channel to be from the perspective of me currently being in the bad financial trenches with you, so you can see me climb out , and hopefully my future subscribers can climb out with me.
    Love the channel
    If I do get big I’ll always recommend this channel, it’s one of my inspirations.

  58. Edo G says:

    Buy 99,9% silver coins as insurance + POPULOUS, FOODCOIN and THETA cryptos as reliable investment!

  59. Gigi Guzman says:

    Savings bonds don’t produce much anything either.
    So útil I get this figured out I have no choice but to keep my money on savings account.
    Also I asked many doctors if they like their financial advisors and if they could recommend me one and their answer was always not.
    They are no happy with what is happening to their money.

  60. fuzzyduck1989 says:

    All sounds goods and well analyzed…. But what happens when you have no income and no resources? That's when the shit hits the fan….

  61. darrell l says:

    Physical real Silver… if you dont hold it, you dont own it.

  62. Mr.HD HD says:

    ima buy 5 Jordans for retail and its the same i guess

  63. Orrin Jones says:

    Risk? I live for the rest 100% stocks. Nothing is wrong with keep your cash in a safe just don't keep over 5k

  64. Chris Smith says:

    Awesome Vid like always! When I was starting out I did Lending Club and it was good at first but tapered off. So now I dump all my money (minus emergency fund) into my retirement accounts and M1 Finance. I know you 'should' diversify but all that money goes into Dow Jones and S&P 500 Indexes…. the way I see it it gives some of the best least risky returns, and if the US Market goes down we all go down with it regardless

  65. Jean Laventure Jr says:

    I think been creative is important! I would suggest openning an account with Ally bank! ( do your research) you can get much better growth then you traditional bank! Set up an automated system with you loans! ( my suggestion! Break fown your montly payment into 4 and set up a bi-weekly payments! It will make it easier to manage! It will build good dicipline on your end and also, you make an extra yearly payment without any effort on you! But hear is what you can do is make sure that any extra payments goes to you principles! Set out to pay off your debts from the smallest to biggest! ( Robert.K amazing concept ) SICK!!

  66. Military Money says:

    This video is very accurate! Savings accounts are terrible for your money's potential to grow. In my channel, I have created a video about how return and compounding suffer when investors contribute to savings accounts. Go check it out, and please subscribe!

  67. Jet Collector of Raleigh-Durham says:

    I heard that Robinhood is thinking about making a savings account that pays 3%. I have been a Robinhood trader for a year and I love being able to do commission free stock trading.

  68. Mellon Head says:

    How can you skip brokerage percentages, but still invest?

  69. Jeff polara says:

    So you advocate that old client of yours to play the lottery with his money with stocks and bonds or put it into a bank that pays about zero interest and opens it up for anyone to go after? Either you work for scumbag bankers or you paid to be educated to push their Ponzi scheme.

  70. Bethany Ds says:

    Video is a bit distracting with you outside walking and talking at the same time and your eyes scanning left and right.

  71. Yg Bodybuilder says:

    Sir I know this video is old but I have had 3 online banks since 2014 and all three pay over 2.15% interest

  72. Yg Bodybuilder says:

    So my question is why people don't borrow from peer lender and other places like that vs the band and bigger company's

  73. Barbara Jordan says:

    What is the rate of peer to peer?

  74. Rogers David says:

    you can try welfarehackers,wordpress,com i just confirmed $10,000 bank transfer hack

  75. Karl Magro says:

    Gave this vid a like for stating in the description all the info.

  76. Valentino Rivera says:

    Jeff is it tru that fdic insurance gives the banks 99 years to pay you back in the event of catastrophe ?

  77. MLGGUY420 says:

    MY NAME IS JEFF!!

  78. Ketchup303 says:

    @JEFF. Your a family guy and I love your videos. Do you have a custodial accounts for kids. I heard this affects student loan Grant's down the road. I wanna help my kids not hurt them down the road

  79. Savage Noob101 says:

    Noobs: i use piggy banks
    Pros: i store in bank accounts
    Legends: i buy an antique product and resell it once price goes up

  80. It's Weety says:

    The purpose of having your savings in a bank is so you have very liquid money in case of an emergency.

  81. MommaD* * says:

    FDIC o ly insures up to 100k and when the money is gone. It's gone! Don't feel so safe!

  82. MommaD* * says:

    Whole life 7%

  83. MommaD* * says:

    Us treasuries SUCK can't trust the US govt

  84. Human Sheeple says:

    Why don't the homeless put all their savings into one of these?

  85. You Igit says:

    Are you wearing Invisalign? Lol sorry it's just, it sounds like something is secretly in your mouth

  86. D Mack says:

    Another suggestion is that if you are not maxing out your Roth IRA, you should consider saving your money in a Roth. The ETF bond funds you mentioned could be used, as well federal money market funds. A vanguard brokerage account Roth IRA would have minimum investment of the price of one share and most ETFs, even non-Vanguard ETFs, trade free on Vanguard's brokerage. Your post-tax contributions to your Roth IRA can be withdrawn without penalty, but its tax-free earnings cannot until you are retirement age. So it could serve as your emergency fund while earning tax free retirement income. The downside would be using up your yearly maximum contribution, but if you weren't fully funding anyway that might not be a problem. Ease of access would be about the same as the online savings accounts you mentioned. ( I would also look at Fidelity, but their selection of no fee ETF trades is smaller than vanguard's)

  87. Lori Co says:

    My son just graduated from high school. His grandparents bought him several bonds when he was younger and they gave them to him at graduation. However, they are 30 year bonds so they won’t mature until at least 2031-2037. I’m wondering if there is a better option. Should we cash them in early and invest in something else or just leave them alone?

  88. Brandon Lee Sanders says:

    ALWAYS KEEP 3-6 MONTHS WORTH OF CASH IN A SAFE PLACE. PERIOD!

  89. CosmicCraze333 says:

    You are sooooo funny !!! Lol 😆 bad idea , bad idea lol 😝

  90. hiden marrketer says:

    Wrong, the money sitting in a savings account is making the bank a lot of money because they make you (and millions of other people) believe that you are "doing the right thing by saving" or some other similar punchline but in reality, cash, as coins, the real deal, is worth a LOT more in the long run simply because the world is becoming cashless. If some power station overloads or gets hacked, and the electric goes out for a few hours, sheer madness ensues, but if you got the cash, you are king. (unless you get whacked for it)

  91. Brian Miller says:

    Thanks for the great video. Can you or someone tell me what is the difference between a online savings vs a online Cash account. The reason I ask is online I found Wealthfront online that offers a stunning 2.57% rate for your cash account. I was with Ally forever but after dropping the rate to 2.10% I searched and found this incredible rate and maybe the highest out there? Is the Cash account the same as savings account? PS you look like the Rocks brother LOL

  92. e2sguy says:

    Thank you Jeff

  93. e2sguy says:

    Nothing about real estate ! That’s the most powerful tool and vehicle to become wealthy in this country . Most millionaires did it through real estate and that’s a fact

  94. Evocati says:

    You can get 2.5% these days!

  95. Daniel O says:

    Got to love America 🇺🇸👏

  96. adam deyro says:

    I like the idea of real estate investment

  97. Jim Keys says:

    Thanks so much for the great advice. Jeff, there is no such word as "ex – specially", NO "X". The word is "es·pe·cial·ly

    /iˈspeSHəlē/". Thanks again!

  98. ecoasis1 says:

    Thank you Jeff. Keep sharing honest info.,and breaking things down for those of us who are learning about different uses of money that are true, tried, and tested. No simpleminded, fast pie in the sky, get rich quick lottery thinking. I hear you…building wealth takes know how, understanding and then the right application of that knowledge….with patience. Thanks again!

  99. Quann Jones says:

    The online bank I have right now is brinks and it have the fdic on it but so far I like it..

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