This video is about personal finance with a focus on budgeting, saving, and investing. The speaker, Toni, interviews his friend Lori, a financial advisor, on ways to improve your financial situation.
The video starts with Toni explaining that even though 2023 has ended, there are still things you can do to improve your finances in 2024. Lori mentions that if you have any extra money, you can still contribute to an IRA for tax year 2023 until April 15th. There are also different types of IRAs to consider, Traditional IRA and Roth IRA. They then discuss budgeting and how important it is to track your expenses. Lori recommends writing down your fixed costs, like rent or mortgage, and variable costs, like groceries, to understand where your money goes.
Later in the video, they talk about investing. Lori advises investing in something you are interested in, such as a company whose product you like. This way, you’ll be more likely to stay invested for the long term. Budgeting is an important step before you can start investing.
The video concludes with Toni thanking Lori for the advice and mentioning that there will be a longer version of this interview uploaded on the Bulldagger Chronicles YouTube channel.
Overall, this video is a great resource for anyone who wants to learn more about personal finance, budgeting, saving, and investing. Watch it and learn how to make your money work for you!