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Jeremy

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daily takes on finance & the economy

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My dad retired at 59 I will not He had a pension. I have a 401k I can barely fund. He bought his house at 28. I can't touch a down payment at 30. He paid $90 a month for health insurance. I pay $430. At dinner he told me I need to be smarter with money. I nodded. Didn't tell him his entire life was built on an economy that no longer exists. Didn't tell him my generation is paying for his Social Security while ours gets gutted. Didn't tell him the ladder he climbed got pulled up right after him. Just passed the potatoes. Make it make sense

My dad retired at 59 I will not He had a pension. I have a 401k I can barely fund. He bought his house at 28. I can't touch a down payment at 30. He paid $90 a month for health insurance. I pay $430. At dinner he told me I need to be smarter with money. I nodded. Didn't tell him his entire life was built on an economy that no longer exists. Didn't tell him my generation is paying for his Social Security while ours gets gutted. Didn't tell him the ladder he climbed got pulled up right after him. Just passed the potatoes. Make it make sense

4,119,582 views

The MAX rent you should pay based on your income: • $40k salary: $850 • $50k salary: $1,050 • $60k salary: $1,250 • $70k salary: $1,450 • $80k salary: $1,650 • $90k salary: $1,850 • $100k salary: $2,100 • $110k salary: $2,300 • $120k salary: $2,500 Paying more than this makes it really hard to save money, invest, or afford major life expenses.

The MAX rent you should pay based on your income: • $40k salary: $850 • $50k salary: $1,050 • $60k salary: $1,250 • $70k salary: $1,450 • $80k salary: $1,650 • $90k salary: $1,850 • $100k salary: $2,100 • $110k salary: $2,300 • $120k salary: $2,500 Paying more than this makes it really hard to save money, invest, or afford major life expenses.

2,085,791 views

My grandma paid off her house in 1987. Thought she was done. Thought it was hers. Property taxes were $900 a year back then. Today they’re $28,000. She’s 79. On a fixed income. Still writing a check every single month. Just to stay in the house she already paid for. You don’t own property in America. You lease it from the government until you can’t afford it anymore.

My grandma paid off her house in 1987. Thought she was done. Thought it was hers. Property taxes were $900 a year back then. Today they’re $28,000. She’s 79. On a fixed income. Still writing a check every single month. Just to stay in the house she already paid for. You don’t own property in America. You lease it from the government until you can’t afford it anymore.

60,629 views

In 2018 my health insurance was $180/month. I never went to the doctor. Today it's $430/month. I still never go to the doctor. Because the deductible is $6,000. I pay $5,160 a year just to have a card in my wallet. That I'm afraid to use. This is America.

In 2018 my health insurance was $180/month. I never went to the doctor. Today it's $430/month. I still never go to the doctor. Because the deductible is $6,000. I pay $5,160 a year just to have a card in my wallet. That I'm afraid to use. This is America.

46,854 views

My boomer dad went to college for $500 a semester in 1974. Got a job the same month he graduated. Paid off his loans in 8 months. Bought a house at 24. Told me college was the only way. I took out $67,000 in loans. Graduated into a recession. Spent 3 years applying to jobs. I'm 29. Still paying. He still thinks I'm not trying hard enough Make it make sense.

My boomer dad went to college for $500 a semester in 1974. Got a job the same month he graduated. Paid off his loans in 8 months. Bought a house at 24. Told me college was the only way. I took out $67,000 in loans. Graduated into a recession. Spent 3 years applying to jobs. I'm 29. Still paying. He still thinks I'm not trying hard enough Make it make sense.

22,963 views

my property taxes went from $4,200 a year in 2019 to $9,800 a year in 2025 same house same street same cracked sidewalk the city never fixed $9,800 a year just to stay in something i already own that's $816 a month on top of my mortgage on top of my insurance we never actually own a home in america we just become responsible for the government's portion of it forever

my property taxes went from $4,200 a year in 2019 to $9,800 a year in 2025 same house same street same cracked sidewalk the city never fixed $9,800 a year just to stay in something i already own that's $816 a month on top of my mortgage on top of my insurance we never actually own a home in america we just become responsible for the government's portion of it forever

10,959 views

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Ben Affleck breaks down exactly how paparazzi manipulate the photos you see of celebrities. Ben Affleck: “If someone’s taking a picture of me, it’s usually because I’m bummed I’m with my kids, trying to get somewhere, and there’s four guys on me. I’ll say, ‘Hey man, can you give me some time? I’m trying to be with my kids.’ And my face in that moment looks irritated.” “Then they leave without taking the shot. I go inside, I’m having a great time. But that photo never gets taken only the irritated one does.” “It’s this selective experience. Catch someone irritated, snap the photo, and that’s the only version anyone sees.” Theo Von: “So it’s basically I’ll come piss you off, take your picture, and say ‘look how pissed off you are.’” Ben Affleck: “Exactly. That’s the whole system. Follow somebody, antagonize them, hope they snap and have a breakdown on camera because that footage is worth way more money.” They’re not capturing a moment. They’re manufacturing one.

Ben Affleck breaks down exactly how paparazzi manipulate the photos you see of celebrities. Ben Affleck: “If someone’s taking a picture of me, it’s usually because I’m bummed I’m with my kids, trying to get somewhere, and there’s four guys on me. I’ll say, ‘Hey man, can you give me some time? I’m trying to be with my kids.’ And my face in that moment looks irritated.” “Then they leave without taking the shot. I go inside, I’m having a great time. But that photo never gets taken only the irritated one does.” “It’s this selective experience. Catch someone irritated, snap the photo, and that’s the only version anyone sees.” Theo Von: “So it’s basically I’ll come piss you off, take your picture, and say ‘look how pissed off you are.’” Ben Affleck: “Exactly. That’s the whole system. Follow somebody, antagonize them, hope they snap and have a breakdown on camera because that footage is worth way more money.” They’re not capturing a moment. They’re manufacturing one.

1,749,868 views • 1 month ago

Tom Holland told Jay Shetty he quit drinking 18 months ago. Said it was the hardest thing he’s ever done. Jay: “Why was it so hard?” Tom: “I didn’t wake up one day and decide to quit. I just had a really boozy December typical Brit Christmas. I can drink, always could. Runs in my mom’s side.” Tom: “I decided to just do Dry January. That’s it. One month.” Tom: “And all I could think about was having a drink. All day. I’d wake up thinking about it. Checking the clock ‘is it noon yet?’” Tom: “That scared me. I thought, ‘Maybe I have a bit of an alcohol thing.’” He wasn’t trying to quit forever. He just wanted one dry month. The fact that he couldn’t stop thinking about it was the answer.

Tom Holland told Jay Shetty he quit drinking 18 months ago. Said it was the hardest thing he’s ever done. Jay: “Why was it so hard?” Tom: “I didn’t wake up one day and decide to quit. I just had a really boozy December typical Brit Christmas. I can drink, always could. Runs in my mom’s side.” Tom: “I decided to just do Dry January. That’s it. One month.” Tom: “And all I could think about was having a drink. All day. I’d wake up thinking about it. Checking the clock ‘is it noon yet?’” Tom: “That scared me. I thought, ‘Maybe I have a bit of an alcohol thing.’” He wasn’t trying to quit forever. He just wanted one dry month. The fact that he couldn’t stop thinking about it was the answer.

1,752,390 views • 1 month ago

29 year old on Dave Ramsey show. Married 3 months. Household income: $230k. Dave: “How much is the mortgage?” Her: “$210k.” Dave: “So you have $600,000 in what?” Her: “$335k in student loans. $136k in credit cards. $44k in personal loans. $35k in car loans.” Dave: silence Dave: “What in the world.” Her: “Yeah…” Dave: “Is this both of you, or did one of you completely lose your mind?” Her: “I have most of the student loans. He has most of the credit cards.” Dave: “He’s how old?” Her: “32.” Dave: “So why does a 32-year-old run up $100k in credit card debt?” Her: “Poor decisions. Thought he’d pay it down as he went.” Dave: “You both have advanced degrees?” Her: “MBA and a policy degree. We both work in government now.” Dave: “Is there recognition on both your parts how absurd this is?” Her: “Yes. We’re scared. We want to fix it.” Two master’s degrees. $230k household income. Almost $1M in debt. The degrees didn’t save them. The income didn’t save them. Only the behavior change will.

29 year old on Dave Ramsey show. Married 3 months. Household income: $230k. Dave: “How much is the mortgage?” Her: “$210k.” Dave: “So you have $600,000 in what?” Her: “$335k in student loans. $136k in credit cards. $44k in personal loans. $35k in car loans.” Dave: silence Dave: “What in the world.” Her: “Yeah…” Dave: “Is this both of you, or did one of you completely lose your mind?” Her: “I have most of the student loans. He has most of the credit cards.” Dave: “He’s how old?” Her: “32.” Dave: “So why does a 32-year-old run up $100k in credit card debt?” Her: “Poor decisions. Thought he’d pay it down as he went.” Dave: “You both have advanced degrees?” Her: “MBA and a policy degree. We both work in government now.” Dave: “Is there recognition on both your parts how absurd this is?” Her: “Yes. We’re scared. We want to fix it.” Two master’s degrees. $230k household income. Almost $1M in debt. The degrees didn’t save them. The income didn’t save them. Only the behavior change will.

1,515,651 views • 1 month ago

I told my daughter she had to pay $400 a month to live at home after college. She thought I was being hard on her. Paid it every month without complaint. Never missed once. Two years later she moved out. I handed her an envelope. $9,600. Every dollar she ever paid me. Plus a little extra. She cried. I told her that was her security deposit, first month, and emergency fund. She thought I was punishing her. I was preparing her. She’s a very happy young woman.

I told my daughter she had to pay $400 a month to live at home after college. She thought I was being hard on her. Paid it every month without complaint. Never missed once. Two years later she moved out. I handed her an envelope. $9,600. Every dollar she ever paid me. Plus a little extra. She cried. I told her that was her security deposit, first month, and emergency fund. She thought I was punishing her. I was preparing her. She’s a very happy young woman.

3,270,079 views • 3 months ago

My mom paid off her house in 2003. Thought that was it. Thought she was done. Thought it was finally hers. Property taxes were $1,800 a year back then. She’s retired now. Fixed income. Same house. Same neighborhood. Property taxes are $24,000 a year. That’s $2,000 a month. On a house she already paid for. She’s 71 years old and the government sends her a bill every year just to stay in her own home. You never really own anything in America. You just make payments to a different landlord.

My mom paid off her house in 2003. Thought that was it. Thought she was done. Thought it was finally hers. Property taxes were $1,800 a year back then. She’s retired now. Fixed income. Same house. Same neighborhood. Property taxes are $24,000 a year. That’s $2,000 a month. On a house she already paid for. She’s 71 years old and the government sends her a bill every year just to stay in her own home. You never really own anything in America. You just make payments to a different landlord.

2,289,943 views • 2 months ago

Brad Pitt says he spent a year and half as an extra before landing anything real. Brad Pitt: “I landed in Burbank with $275 left in my name. Found an extras agency in the paper, paid 25 bucks, was in. Within a week I’m doing an industrial video.” Brad Pitt: “I get this gig extra in a restaurant scene with Charlie Sheen, DB Sweeney. I’m supposed to pour champagne. They show me how pour, spin, wipe. I got chosen out of the extras.” Brad Pitt: “The whole game was getting your SAG card, but it’s a catch-22 you can’t get a job without one, and you can’t get one without a job. You needed a line.” Brad Pitt: “So like a jackass, I get to the last actor in the scene, pour her champagne, and go ‘Would you like anything else?’” Brad Pitt: “First AD runs over. ‘You do that again, you’re out of here.’ Shame for the rest of the night.” Dax Shepard: “Favreau has a similar one he was an extra driving a van through the background of a scene in Chicago. Realized there wasn’t enough light for anyone to see him. So he turns on the interior light, drops the visor. Take three, someone finally clocks the extra who lit himself.” Brad Pitt: “We were desperate back then. It’s sweet, honestly.” Brad Pitt: “The rule was five years. If you’re not working by then, go home. I got my card at year four.” One line. One champagne pour. That’s all it took to almost get kicked off set for good.

Brad Pitt says he spent a year and half as an extra before landing anything real. Brad Pitt: “I landed in Burbank with $275 left in my name. Found an extras agency in the paper, paid 25 bucks, was in. Within a week I’m doing an industrial video.” Brad Pitt: “I get this gig extra in a restaurant scene with Charlie Sheen, DB Sweeney. I’m supposed to pour champagne. They show me how pour, spin, wipe. I got chosen out of the extras.” Brad Pitt: “The whole game was getting your SAG card, but it’s a catch-22 you can’t get a job without one, and you can’t get one without a job. You needed a line.” Brad Pitt: “So like a jackass, I get to the last actor in the scene, pour her champagne, and go ‘Would you like anything else?’” Brad Pitt: “First AD runs over. ‘You do that again, you’re out of here.’ Shame for the rest of the night.” Dax Shepard: “Favreau has a similar one he was an extra driving a van through the background of a scene in Chicago. Realized there wasn’t enough light for anyone to see him. So he turns on the interior light, drops the visor. Take three, someone finally clocks the extra who lit himself.” Brad Pitt: “We were desperate back then. It’s sweet, honestly.” Brad Pitt: “The rule was five years. If you’re not working by then, go home. I got my card at year four.” One line. One champagne pour. That’s all it took to almost get kicked off set for good.

543,608 views • 1 month ago

Boomer aunt: We worked summers and graduated debt free. Me: I have $47,000 in loans at 32. Boomer aunt: You picked the wrong major. Me: I got the STEM degree you told me to get. Boomer aunt: Then you should be doing fine. I showed her my paystub next to my rent. She said at least you have the degree. She paid the price of a used car for hers. Mine cost a house down payment. Hers unlocked a career that could buy a home at 26. Mine unlocked a payment plan. Same piece of paper. Completely different world.

Boomer aunt: We worked summers and graduated debt free. Me: I have $47,000 in loans at 32. Boomer aunt: You picked the wrong major. Me: I got the STEM degree you told me to get. Boomer aunt: Then you should be doing fine. I showed her my paystub next to my rent. She said at least you have the degree. She paid the price of a used car for hers. Mine cost a house down payment. Hers unlocked a career that could buy a home at 26. Mine unlocked a payment plan. Same piece of paper. Completely different world.

778,393 views • 3 months ago

My wife and I were talking last night about groceries. I went back into my Walmart app and pulled up an order from January 2020. 30 items. $70.20. I added every single one back to the cart today. $165.42. Same 30 items. Same store. Same cart. $95 more, In six years. They told us inflation was temporary. They told us it was under control. They told us the economy was recovering. My grocery bill didn’t get the memo. 135% increase in six years and nobody in Washington has missed a single meal.

My wife and I were talking last night about groceries. I went back into my Walmart app and pulled up an order from January 2020. 30 items. $70.20. I added every single one back to the cart today. $165.42. Same 30 items. Same store. Same cart. $95 more, In six years. They told us inflation was temporary. They told us it was under control. They told us the economy was recovering. My grocery bill didn’t get the memo. 135% increase in six years and nobody in Washington has missed a single meal.

579,009 views • 2 months ago

Newly married caller: $300,000 in student loan debt. Two job offers on the table. Natalie: “My husband’s a doctor finishing residency. We’re comparing two jobs one pays $850k, one pays $350k.” Dave: “$500,000 difference? Why?” Natalie: “The higher one is in the middle of nowhere. Up near Canada. Underserved area.” Dave: “They ask for a length commitment?” Natalie: “Three years.” Dave: “You’d be making $450,000 in the worst-case scenario. If you can’t pay off $300,000 in the first year on that, somebody ought to smack both of you.” Natalie: “We haven’t bought a house yet.” Dave: “You don’t need a house. You have $300,000 in debt. Clean that up first.” Dave: “Take the $450k job. Be debt free in one year. Next year, buy a house. Just have patience.” Dave: “The other route, you come out a million and a half ahead over three years. You’re in the tundra, sure but you can buy a lot of plane tickets out of there and still come out way ahead.” Natalie: “We’re a little older. We’re worried about zero retirement savings.” Dave: “You’ll be fine. Bank $200k a year, and you’ve got a million dollars in four years. Just don’t jack your lifestyle up.” Dave: “If it were me I’d take the tundra job, budget $50-75k a year in travel, and just bug out every weekend. Cabo, the Caribbean, wherever. You can still come out ahead.” Dave: “But whatever you do no house, no car, nothing until this debt is gone. I will call you stupid to your face if you don’t.” $500,000 more a year. In exchange for three years somewhere with no Whole Foods.

Newly married caller: $300,000 in student loan debt. Two job offers on the table. Natalie: “My husband’s a doctor finishing residency. We’re comparing two jobs one pays $850k, one pays $350k.” Dave: “$500,000 difference? Why?” Natalie: “The higher one is in the middle of nowhere. Up near Canada. Underserved area.” Dave: “They ask for a length commitment?” Natalie: “Three years.” Dave: “You’d be making $450,000 in the worst-case scenario. If you can’t pay off $300,000 in the first year on that, somebody ought to smack both of you.” Natalie: “We haven’t bought a house yet.” Dave: “You don’t need a house. You have $300,000 in debt. Clean that up first.” Dave: “Take the $450k job. Be debt free in one year. Next year, buy a house. Just have patience.” Dave: “The other route, you come out a million and a half ahead over three years. You’re in the tundra, sure but you can buy a lot of plane tickets out of there and still come out way ahead.” Natalie: “We’re a little older. We’re worried about zero retirement savings.” Dave: “You’ll be fine. Bank $200k a year, and you’ve got a million dollars in four years. Just don’t jack your lifestyle up.” Dave: “If it were me I’d take the tundra job, budget $50-75k a year in travel, and just bug out every weekend. Cabo, the Caribbean, wherever. You can still come out ahead.” Dave: “But whatever you do no house, no car, nothing until this debt is gone. I will call you stupid to your face if you don’t.” $500,000 more a year. In exchange for three years somewhere with no Whole Foods.

238,436 views • 1 month ago

An insurance broker called into Dave Ramsey’s show to argue about whole life insurance. It did not go well for him. Russ: “I’ve been an insurance broker for 35 years. There are misstatements on your website about life insurance.” Dave: “Sure.” Russ: “You say term is the only product people should buy.” Dave: “We recommend term across the board, yes.” Russ: “There’s no two situations that are the same.” Dave: “There are basic principles of math that are always the same. There’s never a time you should use a credit card. Same thing with whole life.” Russ: “Why would cash value have no standard of return if it’s not a bad investment?” Dave: “Twenty-year level term is about 5% of the cost of the same coverage as whole life.” Russ: “But people need it to cover estate taxes” Dave: “So you get ripped off for 60 years to maybe cover a tax bill?” Russ: “If a policy is arranged properly, the beneficiary gets the face amount and the cash value.” Dave: “No they don’t. Not unless you paid extra to start with. Show me one major whole life company where people actually get their cash value out. They don’t.” Russ: “Fortune 500 companies use whole life for buy sell agreements. Prestigious business schools” Dave: “And they’re all getting screwed at that level too. This is the payday lender of the middle class. You pay 20 times more for the same coverage, build up a cash value you never actually receive, and when you die they just pay the face amount.” 35 years selling it. Still couldn’t explain where the money goes.

An insurance broker called into Dave Ramsey’s show to argue about whole life insurance. It did not go well for him. Russ: “I’ve been an insurance broker for 35 years. There are misstatements on your website about life insurance.” Dave: “Sure.” Russ: “You say term is the only product people should buy.” Dave: “We recommend term across the board, yes.” Russ: “There’s no two situations that are the same.” Dave: “There are basic principles of math that are always the same. There’s never a time you should use a credit card. Same thing with whole life.” Russ: “Why would cash value have no standard of return if it’s not a bad investment?” Dave: “Twenty-year level term is about 5% of the cost of the same coverage as whole life.” Russ: “But people need it to cover estate taxes” Dave: “So you get ripped off for 60 years to maybe cover a tax bill?” Russ: “If a policy is arranged properly, the beneficiary gets the face amount and the cash value.” Dave: “No they don’t. Not unless you paid extra to start with. Show me one major whole life company where people actually get their cash value out. They don’t.” Russ: “Fortune 500 companies use whole life for buy sell agreements. Prestigious business schools” Dave: “And they’re all getting screwed at that level too. This is the payday lender of the middle class. You pay 20 times more for the same coverage, build up a cash value you never actually receive, and when you die they just pay the face amount.” 35 years selling it. Still couldn’t explain where the money goes.

227,591 views • 1 month ago

My mom had a heart attack last year. Ambulance: $8,400. ER visit: $42,000. Insurance covered: $11,000. She owed: $39,400. She has insurance. Has had it for 30 years. Never missed a payment. She’s 68 years old negotiating a payment plan. This isn’t a glitch. This is how the American healthcare system works

My mom had a heart attack last year. Ambulance: $8,400. ER visit: $42,000. Insurance covered: $11,000. She owed: $39,400. She has insurance. Has had it for 30 years. Never missed a payment. She’s 68 years old negotiating a payment plan. This isn’t a glitch. This is how the American healthcare system works

199,964 views • 3 months ago

boomer dad: “you should never discuss salary with coworkers.” me: “i compared pay with someone on my team.” boomer dad: “that’s unprofessional.” me: “he was making $15k more than me with the same title and workload.” boomer dad: “that’s between the employee and the company.” me: “i used the information to renegotiate my pay.” boomer dad: “you just got lucky.” me: “no. i got informed.” a few weeks later i was making thousands more a year. keeping salaries secret rarely protects workers. it usually protects companies.

boomer dad: “you should never discuss salary with coworkers.” me: “i compared pay with someone on my team.” boomer dad: “that’s unprofessional.” me: “he was making $15k more than me with the same title and workload.” boomer dad: “that’s between the employee and the company.” me: “i used the information to renegotiate my pay.” boomer dad: “you just got lucky.” me: “no. i got informed.” a few weeks later i was making thousands more a year. keeping salaries secret rarely protects workers. it usually protects companies.

27,641 views • 3 months ago

A 22 year old with a full time job should be able to afford rent. Should be able to buy groceries without doing math at the register. Should be able to get sick without going into debt. Should be able to own a car without a cosigner. Should be able to save $200 a month without it feeling heroic. None of that is ambitious. None of that is asking for much. That used to just be called having a job.

A 22 year old with a full time job should be able to afford rent. Should be able to buy groceries without doing math at the register. Should be able to get sick without going into debt. Should be able to own a car without a cosigner. Should be able to save $200 a month without it feeling heroic. None of that is ambitious. None of that is asking for much. That used to just be called having a job.

10,859 views • 3 months ago

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