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Don't miss this weeks news report covering the debt ceiling debate, future interest rate hikes, top finance misconceptions and an explosion that caused a $500 billion loss!? AJ covers an iced coffee hour clip where Dave Ramsey unintentionally endorsed using debt for real estate. Lastly, these faux financial experts make some of the worst money math mistakes .AJ shows how these simple misunderstandings can cost you MILLIONS!

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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.

00:00 Introduction

00:53 Debt Ceiling Drama, will the US default on it's debt?

02:17 Will interest continue to rise and cause the next recession?

04:40 CNN outlines 5 financial misconceptions...how did they do?

11:09 Explosion at the pentigon caused the stock market to lose $500 Billion! But What Really Happened?

13:18 React to the Iced Coffee Hour where Dave Ramsey admits debt is ok...on accident?

35:04 How do people get simple finance math so wrong? And why are these people always selling Life Insurance? Life180

43:25 Conclusion...visit wealthyidiots.com

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