"Americans Will Run Out Of Money By December 31st"

"61% of Americans are expected to run out of their emergency savings by the end of 2024"

"3.6% of Americans with the 401K through Vanguard took a hardship withdrawal in 2023"

"3.6% of Americans with the 401K through Vanguard took a hardship withdrawal in 2023 that's up from 2.8% in 2022 and this is the highest amount of people taking a hardship withdrawal in the almost 20 years that Vanguard has been recording this data"

"if people spend all their money then they don't have more money to continue spending and if people don't have money to go to Chipotle if people don't have money to shop at Walmart if people don't have money to shop at Whole Foods if people don't have money to pay their rent that means these businesses stop making money and if these businesses stop making money well then they might not have any more money to keep paying for more employees or opening more stores and then that could lead to a potential economic slowdown"

"when markets go down that creates an opportunity for you to go out and buy even more aggressively but you can only do that if you're prepared meaning you have some cash put aside and you're financially educated to know that you should be investing when things get bad because those are opportunities for the people that are financially educated"

"it doesn't happen overnight I call it a decade of sacrifice but if you are willing to put in that work you can break out of the system and live a completely different life financially"