Do you know stats are showing that there are currently 14 million EMPLOYED people in South Africa. But the amount of people using credit is almost 27 million people? That is nearly DOUBLE the amount of employed persons. Visit https://nationaldebtadvisors.co.za/ to find out more information

Nile Niami’s ‘The One’ is back in headlines due to the $165 million dollar debt being in default. We’ve been talking about The Most Expensive Home in America on this channel for a while. If you haven’t seen my tour of this amazing property, check it out!

LINK TO PART 1 OF MY TOUR VIDEO
-https://youtu.be/B-isl-_4p68

LINK TO PART 2 OF MY TOUR VIDEO
-https://youtu.be/Fa6ljXOiU8s

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The One is known by a lot of people now as the biggest and most expensive home in the urban world. It was once rumored to be priced at $500 million dollars, but has had some recent financial trouble due to the developer Nile Niami not staying current on his loans, and dragging out the build process. CNBC did this article titled “Most expensive home in America defaults on $165 million in debt, heads for sale” and I had to react to the article, because we have been talking about The One here on my channel for months now. Let me know what you think about the latest developments around Nile Niami’s $500 million dollar home. And don’t forget to check out the tour that I did of The One here on my YouTube channel! (links above)

I hope that you help this video to help helpful and if you have additional questions please leave them in the comments below! I look forward to sharing more with you guys about my real estate journey. I have flipped houses, done spec building, been into wholesaling, commercial real estate, and have a pretty well rounded finance background as well.

See you next video!

-Scott

#theone #nileniami #500milliondollarhome

Disclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. And one more thing.. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel.

Sasha Manford wants things in life anyone can relate to: buy a home one day, get married and have kids. But before doing that she wants to get her finances under control.

“I don’t want to have this lingering debt with all of that,” the 28-year-old says.

Finance experts Ramit Sethi and Douglas Boneparth help Sasha, a working professional, make a plan to get out of debt in this episode of #MoneyMakeovers.

Read her story here: http://bit.ly/2Y8zkzb

In Money Makeovers, the staff of Money puts together a financial plan for people in terrifying financial situations with the help of Ramit Sethi, author of New York Times bestseller ‘I Will Teach You to Be Rich,’ and Douglas Boneparth, a New York City-based certified financial planner.

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Prepping On Credit | Top 5 Preps Worth Taking On Debt
Should you take on debt in order to be better prepared? This question comes up often in the prepper community. Here’s my answer.

It’s easy to generalize everything into either good or bad. Wrong or right. Yes or not. And when prepping for SHTF style scenarios, it’s easy to say “No, don’t get into debt as a prepper.” But, are there some exceptions to that rule? I feel that there might be. I am not a financial advisor so never make any financial decisions based on what I have to say. I am just sharing my experiences with utilizing debt to become better prepared for any emergency.

For more information on SHTF prepping, please visit: https://www.MagicPrepper.com

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If you need gear for SHTF or even just want to do some shopping and you’d like to support this channel at the same time, check out the Magic Prepper Amazon storefront here: https://www.amazon.com/shop/magicprepper

Do you have backup power for emergency situations? Do you have the ability to recharge it using the power of the sun? If a solar generator is part of your emergency preparedness plan, then check out what EcoFlow has to offer! Use this link and your purchase will also help to support this channel: https://ecoflow.com?aff=135

#Prepping #Top5 #SHTF

We share a quick August 2021 Debt Free journey updated and outline why things have slowed down for us! Thank you so much for watching!
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Hey! Thought you’d like to try Ibotta, a cash back rewards app that I use to make real money every time I shop for groceries, online purchases, and more! Just use my referral code “sjvxulk” at registration. Sign up at ? https://ibotta.onelink.me/iUfE/8cc13c64?friend_code=sjvxulk

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Templates:

Download my budget template here! https://docs.google.com/spreadsheets/d/1UZ5RQG8aBWHFlNsnaflK3wqj27he4Iv9CnPBaZXOzuU/edit?usp=sharing

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Our Top Videos

5 Types of Financial Independence Retire Early https://youtu.be/yuUsTGs57x0

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The Biden administration has announced that they are cancelling student debt for 300,000+ students, raising a question about student debt as a whole.

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Sources:
https://bit.ly/3j3A3zq (AP)
https://youtu.be/ylebMZGkhEs (previous video)
https://bit.ly/3syAogE (Mondaire Jones)

Sid Lowe, Craig Burley and Kasey Keller join Kay Murray on ESPN FC to delve into Barcelona’s win vs. Real Sociedad and the latest on the club’s mounting debt, which now totals $1.6 billion, according to club president Joan Laporta.

0:00 A good start to life after Lionel Messi for Barca.
2:36 Gerard Pique takes a pay cut.
5:23 The poor management of Barcelona’s finances.
6:36 Why did Barcelona go out and sign big-money players when they have no money?

#ESPNFC #LaLiga #Barcelona

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Rob thinks that Sharon’s volunteer dog rescue operation only costs them about $100 a month. Sharon thinks Rob’s brother only pays $150 a month in rent. The real numbers are just two of the secrets this couple keeps when it comes to finances. Now, they’re facing more than $70,000 in consumer debt alone – and the stress is almost too much to handle. To come clean and fix the mess they’ve made, Sharon and Rob will have to communicate honestly. But can their relationship handle the truth?

If you overlook some risks and forget about long-term consequences, spending money as you please seems a quite tempting idea. For instance, instead of calculating what sort of mortgage payment you can actually afford, why not try to purchase your $600,000 dream home? You only live once, right? And, since you already crossed that line, why not taking a sizable loan to buy yourself a brand new $60,000 SUV instead of driving around your dumpy old car for another year or two? Wouldn’t that be awesome? While you are at it, why don’t you go shopping and max out all your credit cards to get everything you always wanted? Don’t think about the credit card interest, just go there and do it. Well, if all of this sounds good but probably too crazy for you, it’s because it is. However, many Americans haven’t been thinking much about long-term consequences these days.
With a federal government that spends money as it grows on trees when it comes to money management, our society is lacking role models. Our government debt is currently sitting at 28 trillion dollars and yet all our leaders think about is spending more and more money. Americans have now officially more debt than ever before. According to the Federal Reserve Bank of New York, a major increase in credit card spending and home purchases caused U.S. household debt to jump by $313 billion, or 2.1%, in the last quarter, marking the largest increase in consumer debt in seven and a half years.
Economists are worried we might be repeating the same disruptive spending behavior we did in the past. After being showered with trillions upon trillions of dollars by the federal government, you would imagine that Americans would be in pretty good financial shape these days, right? Sadly… that’s not the case. Most of that money only contributed to making the gap between the wealthy and, well… “the rest of us,” even larger. According to a new study from Oxford Economics, Americans added nearly $4 trillion to their savings during the health crisis recession, but most of the gains went to the wealthy. The study estimates that consumer spending in the coming months and years will be strongest at the top and significantly lower at the bottom 99%.
Rising inflation will play a major role in the deterioration of our finances and the collapse of our spending. Americans are already seeing living expenses go up while the price of consumer goods keeps on hitting new record highs. Finding an affordable home to buy has become simply impossible, and with rent prices soaring, more than 12 million families are still in danger of being evicted. The federal moratorium has ended, but after major backlash, the new administration decided to come to the rescue and issued a targeted moratorium in areas hardest hit by the virus outbreak. The move replaced the CDC nationwide evictions freeze that expired last Saturday, but major legal questions still remain.
Despite affirming to have asked for legal advice from constitutional scholars to determine whether the CDC had the legal authority to issue a new evictions action, the President passed the new action without Congress authorization. He said that even if the courts invalidate this new moratorium, it will buy some time for his administration to get aid more money for rental relief. However, the federal government allocated $46 billion in rental assistance just a couple of months ago. The question remaining is: where did all that money go? It doesn’t add up.
Even more worrying is the fact that the President of the United States ignored the U.S. Constitution to get more money using the eviction crisis as justification. It is safe to say that if he actually gets more money, most part of these dollars won’t end up assisting those who need it the most. Without a question, the eviction crisis should be averted. Is the President choosing the right approach to prevent it? Absolutely no. Sadly, his approach is typical of how most Americans deal with things. Most of us tend to act impulsively, without considering the impacts our actions might have in the long run. We throw money up in the air expecting it to fix all of our problems as if tomorrow will never come, but “tomorrow” always arrives eventually, and when it finally does, we will have to face a painful reckoning. Unfortunately, our “tomorrow” looks darker and more chaotic most people would dare to imagine.

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