Mr. Wonderful’s CRAZY Plan to Pay Off the U.S. Debt (Will it work?)
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Published 2024-06-15
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All Comments (21)
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Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
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My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
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I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
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THE PROBLEM IS THE GEVERNMENT!
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Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..
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"Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
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Mr Wonderful forgot that even if the debt was paid off today, it would only take a few years of reckless spending by clueless Congress, to be back to where they are today.
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The only way that would work is if you coupled it with a policy of no spending having to meet our debt at the end of every year like the average American does in their home
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From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
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They need to stop the over spending!!
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Relax, there is always a debt ceiling increase. Did those who survived the 2008 financial crisis have it easier? I lost $35,000 this month, and my income is decreasing, so I'm worried about the stock market. Concerned that because I can't increase my savings, I won't have enough money saved for retirement.
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Need to shut down atf, dept of education, health and human services, term limits for all in Congress , let other countries know free ride is over no more free money from us, and all of congress’s perks.
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Most American’s have No idea how much a Trillion dollars actually is. I have seen if you think of it in seconds, 1 million = 11 Days 1 Billion = 31 years 1 Trillion = 31,000 yrs! We owe 34 of them! Wow!
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Dude, SSI is not unfunded, all of us working people, I’ll say it again us working people , pay into it every hour we work. So don’t come off and say it’s unfunded. The government may not be handling the money correctly, but do not say it’s unfunded dude.. Also, I paid 54 years into it. It’s not an entitlement.
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If the politicians don’t have to worry about reelection then maybe they’d do the right thing for the country. Very simple solution , term limits.
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I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Natalie Rose Strayer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
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Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
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Unless the politicians stop creating debt, it is senseless to talk about paying off debt as if it is static. We'd have to have balanced budgets, develop multiple policies to encourage factories (reduce lawsuits and payouts, regulations, encourage mining the materials in the US, etc), cut out various non-productive government departments and experiments, make single line item bills instead of these bills designed to take away our rights, sign away our country and make politicians rich, etc).
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Going back to the gold standard would stop the Debt in its tracks!
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Not only do you make an overwhelming good point. No mechanism stops the Washington swamp from ADDING to the debt. Politicians will simply spend the last years income from ANWR, along with this years overspending. No solution.
