15 Money Mistakes MOST AMERICANS Are Making - DON'T DO THIS

"if we don't have at least a couple thousand dollars in savings and if you have credit card debt you are in this kind of what I like to call Financial danger zone phase where you should not be spending money on anything except paying down the credit card debt and building your emergency savings and this is where you got to cut back on as many expenses as possible"

"well if you do this for 40 years and you do this and the 10% return well now after 40 years guess what you're going to have an investment account worth $3.5 million"

"let's cut this into a smaller period of time let's to say that you do this for just 20 years well after 20 years assuming the same returns you're still going to have over $450,000"

"the stock market gives you ideally a 10% return this has been the average historical return over the last century 10% return in the stock market 25% return or more on your credit card which means if you pay down your credit card debt one year early that's a guaranteed return here"

"it is not uncommon to find a highin savings account that's FDIC insured where you can pull your money out whenever you want that's paying four to 5% a year in interest"

"finally at the top of this is financial Fitness a lot of people like to say money doesn't matter well let me tell you something your bills take money to be paid it costs money to eat and it costs money to feed other people money does matter"