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Speaker 2: Let me ask you this slip up flop for common

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Speaker 2: people that might be, you know, struggling just to just

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Speaker 2: to have enough money to pay bills right, what would

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Speaker 2: be your suggestion to kind of what's a good starter

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Speaker 2: way for them to actually start investing? Like, what's your

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Speaker 2: opinion because I know, like you know what I'm saying,

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Speaker 2: A lot of times people might that might be a

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Speaker 2: hurdle for them to be like, well, I don't really

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Speaker 2: have enough discretionary income to put money into the stock market.

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Speaker 2: What's your what's your what's your thoughts for them?

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Speaker 3: So let me make sure I understand what you're saying, right,

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Speaker 3: Like you're saying they don't have enough money to invest

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Speaker 3: a hot should they start?

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Speaker 2: I'm going to make sure I can answer it no,

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Speaker 2: like as far as like if they if they're struggling

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Speaker 2: to invest, like what's some like what would be like?

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Speaker 2: Because for me, I'm looking at like even like an

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Speaker 2: HSA right where people a lot of times might not

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Speaker 2: be familiar with that, Like that's the way to actually

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Speaker 2: start investing via your health insurance. It's like a backdoor

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Speaker 2: investment way. People don't know what h HSA is. It's

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Speaker 2: a health savings account and break that down. Yeah, so

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Speaker 2: like the health savings account is so like you have

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Speaker 2: like a high deductible health plan, right, which is like

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Speaker 2: very popular with you, Like I have high deductible health plan,

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Speaker 2: and it's like usually when you don't go to the

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Speaker 2: doctor a lot your premium, Like, why would you pay

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Speaker 2: for the regular health plan like an HMO or PPO

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Speaker 2: when you can get a high deductible health plan. But

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Speaker 2: the thing with the high deductible health plan is that

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Speaker 2: it's a higher deductible, right, So it's like, let's say

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Speaker 2: you got the PPO, the premium might be like, let's

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Speaker 2: say four hundred dollars a month, but with the high

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Speaker 2: deductible plan, it's two hundred dollars a month, but your

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Speaker 2: deductible is a lot higher. Deductible might be two times

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Speaker 2: higher in the PPO. So if you if you go

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Speaker 2: too many times, you get caught out there and you

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Speaker 2: gotta pay more money out of pocket. So it's a

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Speaker 2: calculated risk. But a lot of young The reason why

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Speaker 2: I mentioned is that a lot of young people and

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Speaker 2: a lot of people with every dollar's count they might

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Speaker 2: either they don't go to the doctor that much, or

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Speaker 2: they're just making financial decisions where it's like, you know what,

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Speaker 2: I really can't afford the PPO, so I'm gonna do

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Speaker 2: the high deductible or whatever. So one of the good

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Speaker 2: things with the high deductible plan is that allows you

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Speaker 2: with the health set savings account. So with the health

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Speaker 2: savings account, it is pretty much like a savings that

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Speaker 2: you're putting money into to pay for that deductible or

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Speaker 2: any out of pocket expenses that you may have. Right,

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Speaker 2: But the good thing is that the money comes up

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Speaker 2: out of your paycheck before you actually get paid. Like

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Speaker 2: it's like the four one K. Okay, you know what

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Speaker 2: I'm saying. So it actually lowers your taxable income. Because

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Speaker 2: it's the thing with the four one K is that

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Speaker 2: when you put money into a four on one case's

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Speaker 2: called pre tax dollars, you know that. So it's like,

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Speaker 2: if you're making one hundred thousand and you put ten

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Speaker 2: thousand in, now you're taxed on ninety thousand because it

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Speaker 2: lowers your taxable income by ten thousand dollars. So now

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Speaker 2: with the HSA, like the most you can put in

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Speaker 2: is thirty five hundred thirty five fifty for a single

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Speaker 2: person in seventy one hundred for a family. So let's

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Speaker 2: say you put three thousand dollars into the HSA, So

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Speaker 2: now that you're making you know, sixty thousand dollars, now

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Speaker 2: it lowers your taxable income, so you're not paying any

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Speaker 2: taxes on it.

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Speaker 1: Right.

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Speaker 2: But the cool thing about it is that it can

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Speaker 2: actually be invested, like how four one K is, So

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Speaker 2: you can put it in like different type of like investments,

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Speaker 2: stock market investments, mutual fund stuff like that, and now

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Speaker 2: money grows. So now let's say you put like three

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Speaker 2: thousand dollars in for one year, right, but you got

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Speaker 2: to go to the eye doctor and you gotta get

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Speaker 2: glasses or whatever, any type of medical expense. Instead of

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Speaker 2: not having money to pay for it, you've been saving

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Speaker 2: and you just use your HSA and they give you

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Speaker 2: like a debit card and all that. But if you

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Speaker 2: don't go to the doctor, because it's a calculated risk, right,

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Speaker 2: that's the whole point of having a high deductible plan.

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Speaker 2: You're not going to the doctor. So if you don't

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Speaker 2: go to the doctor, what happens is that that money

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Speaker 2: rolls over and to the next year. So now next

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Speaker 2: year you start with three thousand, right, So what happens

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Speaker 2: is that the money grows. And it's kind of similar

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Speaker 2: to an IRA because at the age sixty five, you

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Speaker 2: can actually take that money out without paying a penalty.

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Speaker 2: You take it out before you get a penalty. Okay,

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Speaker 2: now sixty five, you can take the money out. You

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Speaker 2: just pay state and federal tax you don't pay a

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Speaker 2: ten percent penalty or twenty percent penalty for taking the

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Speaker 2: money out early. So that's kind of like a backdoor way,

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Speaker 2: like for me in my opinion, where it's like, I

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Speaker 2: got to save money for my health insurance. So if

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Speaker 2: my budget was let's say, four hundred dollars a month,

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Speaker 2: I'd rather do the high deductible plan, put two hundred

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Speaker 2: towards the premium two hundred towards the HSA. If I

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Speaker 2: got to use it for the I'm gonna use it anyway.

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Speaker 2: But if not, now that's going to be like an investment,

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Speaker 2: you know what I'm saying. A couple thousand dollars over

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Speaker 2: the course of time adds up, you might have it.

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Speaker 2: I'm one hundred thousand dollars in thirty years.

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Speaker 4: I'm from the world where it was like, yo, if

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Speaker 4: you didn't use your benefits this year, yeah they don't

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Speaker 4: roll over the next It's like, yeah, you better use it.

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Speaker 5: By the eleventh of November.

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Speaker 2: Well, the thing about it is it's so many different

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Speaker 2: things as far as like, even with the four one k,

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Speaker 2: people don't know that you got a raw four one

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Speaker 2: k option. You might have that like and it's like

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Speaker 2: you don't even know a lot of times what's offered

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Speaker 2: at your job, right, And this is why education is

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Speaker 2: so important. Like you know what I'm saying. It's like

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Speaker 2: little stuff like that might change the direction of your.

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Speaker 5: Fow thousand, one thousand December.

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Speaker 2: You know what I'm saying.

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Speaker 4: You get that email like in this world, in this world, yeah,

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Speaker 4: you're not familiar with this. It's been a while, right,

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Speaker 4: so in this one, like they give you an email like, Yo,

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Speaker 4: this financial advisor is coming on December fifteenth if you

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Speaker 4: want a schedule appointment, and it'd be some like the

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Speaker 4: dude with ballheaded with glasses and he talking to you

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Speaker 4: and you're like, yo, what is he talking about? You

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Speaker 4: know what I'm saying. But like this type of information, it's

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Speaker 4: like yo, people just knew it.

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Speaker 2: Yeah man, But so yeah, so like for you, like

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Speaker 2: I want you to really hammer a home, like even

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Speaker 2: you could save even one hundred dollars or right, I

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Speaker 2: got fifty dollars a month, gotcha.

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Speaker 3: Yeah, So let me say this first. Man, I say

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Speaker 3: this on chatting Tuesday all the time, and I don't

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Speaker 3: know if people be thinking I'd be dead serious. Yo, listen,

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Speaker 3: I'm not a fiduciary or financial advisor. Know that everything

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Speaker 3: I say is for entertainment purposes on well, you can

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Speaker 3: take them. If you can't mitigate the risk, you must

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Speaker 3: seek out.

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Speaker 5: This episode is brought to you by P and C Bank.

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Speaker 6: An illegal alien from Guatemala charged with raping a child

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Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 6: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 6: filming and selling child pornography in Michigan. These are just

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Speaker 6: some of the heinous migrant criminals caught because of President

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Speaker 6: Donald J.

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Speaker 7: Trump's leadership. I'm Christy Nohm, the United States.

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Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 6: crossings are at the lowest levels ever recorded, and over

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Speaker 6: one hundred thousand illegal aliens have been arrested. If you

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Speaker 6: Under President Trump, America's laws, border and families will be protected.

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Speaker 5: Sponsored by the United States Department of Homewd.

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Speaker 3: Security Financial Advisory. I'm not one, but I know one

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Speaker 3: by the name of a Shad. He can take you

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Speaker 3: to glory. Take it.

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Speaker 5: I can just take you to the that's listen, this

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Speaker 5: dude is so small they sleep.

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Speaker 3: But I'd say that every Tuesday, man, and people be laughing.

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Speaker 3: But this dude is brilliant.

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Speaker 2: Man.

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Speaker 5: If you he just broke that dumb he had me

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Speaker 5: like I just got blue cross ship should.

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Speaker 3: I'm happy I got to call this guy. He come with.

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Speaker 3: I got an idea. But that's that's that's real talk, man.

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Speaker 3: So one of the things I like to do is

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Speaker 3: tell people to say, try to save ten percent whatever

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Speaker 3: they make, write whatever you make it. If you get

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Speaker 3: one hundred dollars a week, save ten percent. If you

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Speaker 3: get one hundred dollars every two weeks, save ten percent.

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Speaker 3: And so the easiest way to get in the market,

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Speaker 3: because we understand that the stock market does for you

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Speaker 3: way more than putting your money in a bank to

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Speaker 3: do for you. Right, we already understand we all have

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Speaker 3: beat that drum forever, right, And so one of the

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Speaker 3: things you can do is get into index funds or ETFs, right.

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Speaker 3: And the reason being is because so let's say you

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Speaker 3: not you're not comfortable enough to say, let me buy

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Speaker 3: a Tesla. I don't have enough to buy a Tesla

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Speaker 3: right now. I ain't my risk tolerance it's not there

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Speaker 3: yet to see beyond meat go down five ten percent

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Speaker 3: and still be there.

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Speaker 1: Right.

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Speaker 3: And most people don't even understand, you know, and it's

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Speaker 3: not because they don't know it because these haven't been

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Speaker 3: exposed to you yet. They don't know that if the

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Speaker 3: stock you bought it at thirty dollars and it goes

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Speaker 3: down to twenty eight, most people name mine, I lost

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Speaker 3: some money.

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Speaker 5: You know what I'm saying, That's not the case.

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Speaker 3: So one of the best things I would say for

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Speaker 3: people to do is buy index funds like ETS when

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Speaker 3: you first got in the game. ETS for me ets

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Speaker 3: better than index funds, you know what I'm saying. And

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Speaker 3: it's simply because now you can get exposure to a

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Speaker 3: specific industry. Right, and I know an episode for the

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Speaker 3: Full the Classic, we broke something down, but in the reup,

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Speaker 3: we're gonna reentery it. So it's an ETF is simple

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Speaker 3: where let's say I wanted to buy some marijuana stocks, right,

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Speaker 3: but I know that's kind of a volatile industry. It's

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Speaker 3: full of young bucks. You know what I'm saying, It's

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Speaker 3: full of young bucks. So what happens is you can

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Speaker 3: buy the marijuana ETF. And now depending on which one

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Speaker 3: you buy, whether it's Yolo, whether it's MJ, you know

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Speaker 3: what I'm saying. Now you have fifteen twenty marijuana stocks

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Speaker 3: at one time, right, and now if one or two

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Speaker 3: of them down, or three of them down, the whole industry,

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Speaker 3: the whole ETF might go down fifty cent, right, Whereas

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Speaker 3: if you in that one stock that went down anyt

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Speaker 3: give them money. You wake up and you down eight dollars.

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Speaker 3: You know what I'm saying. So, and also with indexed

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Speaker 3: funds ETFs, I'm not a fan of dollar cost averaging

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Speaker 3: because that allows me to buy stocks over priced over time.

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Speaker 3: But with index funds and ETFs that are fifty dollars

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Speaker 3: sixty dollars, you can buy into those every time.

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Speaker 2: And dollar cost averaging for anybody is when you put

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Speaker 2: money in every single month, for every single it's a

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Speaker 2: period of time, every week or whatever.

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Speaker 3: Yeah, you appreciated, Like, so, you buy an apple, you

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Speaker 3: will buy no matter what.

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Speaker 5: The price is.

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Speaker 2: Every first of the month.

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Speaker 3: You buying Apple, no matter what the price is, you

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Speaker 3: buying it just to stay in right. And so for me,

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Speaker 3: I'm not a dollar cost averaging person. I'm an averaging

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Speaker 3: down type of person. Right, and averaging down is saying

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Speaker 3: I found it, I bought it at fifteen dollars. I

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Speaker 3: don't care if it run all the way up. Right Now,

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Speaker 3: what I do is, I'm every half a year, every

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Speaker 3: two quarters, I reevaluate every stock I'm invested in right

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Speaker 3: to understand what a value is at. So now if

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Speaker 3: the stock price dips, I'm not buying it. But it

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Speaker 3: dips at a below value price, I can buy it, right.

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Speaker 3: So example, I bought Amazon and twoenty eighteen at nineteen

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Speaker 3: hundred dollars. I bought it in October November December eighteen.

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Speaker 3: The market went into a correction, you know what I'm saying,

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Speaker 3: and it went from nineteen to seventeen, nineteen hundred to

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Speaker 3: seventeen hundred.

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Speaker 2: I bought it at seventeen hundred.

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Speaker 3: Now what that does is that brings my nineteen hundred

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Speaker 3: dollars buying price down to about eighteen twenty five. Right,

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Speaker 3: So now don't gotta wait to get to nineteen to

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Speaker 3: see profit. I can start seeing profit again at eighteen

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Speaker 3: seventy five, right. And so then it went from eighteen

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Speaker 3: to sixteen. I bought two moshas at sixteen. So now

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Speaker 3: instead of me seeing profit at eighteen seventy five, I

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Speaker 3: can probably see profit now at like seventeen eighty or

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Speaker 3: something like that. Right. And then it went down from seventeen,

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Speaker 3: I mean, from seventeen to fifteen, I missed it and

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Speaker 3: I got it again at thirteen. So now instead of

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Speaker 3: me saying profit at nineteen, I now got profit at

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Speaker 3: sixteen hundred. When I bought it at thirteen forty three

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Speaker 3: on my cost basis all the way down to like

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Speaker 3: sixteen seventy five. You feel what I'm saying. So I'm

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Speaker 3: with buying a discount over a period of time. I'm

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Speaker 3: okay with that. And I told Smalls that I was like, Yo,

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Speaker 3: I don't like green markets.

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Speaker 5: I like blood.

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Speaker 3: I like blood. You know what I'm saying, because that

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Speaker 3: means I can get stuff at a discount. But back

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Speaker 3: to what we were saying, So with individual stocks, I'm

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Speaker 3: a dollar cost average. But with index funds and ETFs,

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Speaker 3: it's a great way for you to.

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Speaker 2: Get in with a lower amount every time because there's

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Speaker 2: there's not the same requirement that you.

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Speaker 3: Have to requirements. My graduates from my school being false

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Speaker 3: back drop drop or Mike drop backdrop drop.

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Speaker 6: An illegal alien from Guatemala charged with raping a child

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Speaker 6: in Massachusetts. MS thirteen gang member from Al Salvador accused

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Speaker 6: of murdering a Texas man of Venezuelan charged with filming

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Speaker 6: and selling child pornography in Michigan. These are just some

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Speaker 6: of the heinous migrant criminals caught because of President Donald J.

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Speaker 6: Trump's leadership. I'm Christy nom the United States Secretary of

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Speaker 6: Homeland Security. Under President Trump, attempted illegal border crossings are

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Speaker 6: at the lowest levels ever recorded, and over one hundred

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Speaker 6: thousand illegal aliens have been arrested. If you are here illegally,

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Speaker 6: your next you will be fined nearly one thousand dollars.

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Speaker 7: A day, imprisoned, and deported. You will never return.

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Speaker 6: But if you register using our CBP home app and

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Speaker 6: leave now, you could be allowed to return legally.

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Speaker 7: Do what's right, leave now.

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Speaker 6: Under President Trump, America's laws, border and families will be protected.

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Speaker 5: Sponsored by the United States Department of Homeland Security,