This is a excellent video with explanations
i have seen this 1st hand with many people.
had a friend a co worker who was irresponsable all his life
i gave him advice from personal experiance
of coarce he didnt take it.came into 400k 1 yr later was crying the blues was down to 200 k and it was still sitting in a checking account so by
canadian deposit rules if his instutu=ion went under he would lose 1/2 because he had it all in 1 catagory
the 70% rule seems to apply 70% of people live paycheck to paycheck
According to a 2009 Sports Illustrated article, 35% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.
bottom lien is most people are not good with money spend beyond their means and dont know how to save money
https://www.youtube.com/watch?v=c-a7e5d1urA
i have seen this 1st hand with many people.
had a friend a co worker who was irresponsable all his life
i gave him advice from personal experiance
of coarce he didnt take it.came into 400k 1 yr later was crying the blues was down to 200 k and it was still sitting in a checking account so by
canadian deposit rules if his instutu=ion went under he would lose 1/2 because he had it all in 1 catagory
the 70% rule seems to apply 70% of people live paycheck to paycheck
According to a 2009 Sports Illustrated article, 35% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.
bottom lien is most people are not good with money spend beyond their means and dont know how to save money
https://www.youtube.com/watch?v=c-a7e5d1urA