New video by Evan Carmichael on YouTube
STOP Living Paycheck to Paycheck! How to Cultivate Wealth Through Entrepreneurship ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/n2vKjFH ✎ In this video, we have an enlightening discussion with Andy Tanner about the pitfalls and challenges of the financial system. Andy dives deep into the issues with 401(k) plans, explaining how the majority of the profits end up in the pockets of Wall Street, while the workers who take all the risk get much less in return. He emphasizes the importance of understanding the fees associated with these investments and how they can significantly reduce the final returns for the average investor. Andy Tanner also talks about the concept of compounding costs and how small fees can erode a substantial portion of your investment over time. Using an example of a worker investing $10,000, he illustrates how the financial system benefits more than the individual, with Wall Street taking none of the risk but reapin