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WHAT RABBIT SEX TAUGHT US ABOUT MONEY · Triple Da Money

• 0:00
  SPEAKER_01: Emily, I just saw a TikTok that I should put all my money into a tech company called Moosecoin.
• 0:06
  SPEAKER_00: How much did you put in?
• 0:07
  SPEAKER_01: I mean, I was thinking about it.
• 0:08
  SPEAKER_00: Brandon!
• 0:09
  SPEAKER_01: I didn't do it.
• 0:10
  SPEAKER_01: It had a moose logo.
• 0:12
  SPEAKER_01: It looked legit.
• 0:13
  SPEAKER_00: Welcome back to Triple the Money.
• 0:15
  SPEAKER_00: I'm Emily.
• 0:16
  SPEAKER_01: And I'm Brandon, and apparently I almost got financially destroyed by a cartoon moose.
• 0:21
  SPEAKER_00: Okay, Brandon, before we get into investing, we need to talk about the most powerful force in the universe.
• 0:28
  SPEAKER_01: Love.
• 0:29
  SPEAKER_00: Money.
• 0:30
  SPEAKER_01: I was gonna say money.
• 0:31
  SPEAKER_00: It's compounding interest, and the best way to explain it is rabbits.
• 0:36
  SPEAKER_01: I'm sorry, rabbits?
• 0:38
  SPEAKER_00: Okay, so stay with me.
• 0:40
  SPEAKER_00: Imagine two rabbits and they do what rabbits do.
• 0:43
  SPEAKER_01: You know what they do.
• 0:48
  SPEAKER_00: And now you have more rabbits and they do the thing.
• 0:51
  SPEAKER_00: And then you have even more rabbits, and before you know it, you have a rabbit problem.
• 0:57
  SPEAKER_00: You have a rabbit empire.
• 0:59
  SPEAKER_01: So I'm confused.
• 1:01
  SPEAKER_01: My money's out there having a great time without me?
• 1:04
  SPEAKER_00: Exactly.
• 1:04
  SPEAKER_00: While you sleep, while you eat, while you almost buy moose coin?
• 1:08
  SPEAKER_01: We moved on from that.
• 1:10
  SPEAKER_00: Okay, let's make this real.
• 1:12
  SPEAKER_00: Randon, when did the first iPhone come out?
• 1:14
  SPEAKER_01: I don't know, 2007?
• 1:16
  SPEAKER_00: Correct.
• 1:17
  SPEAKER_00: So let's say in 2007.
• 1:19
  SPEAKER_01: Okay, yeah, obviously.
• 1:21
  SPEAKER_00: Or you could invest that thousand dollars into Apple stock.
• 1:25
  SPEAKER_01: Go on.
• 1:26
  SPEAKER_00: If you bought the iPhone, great.
• 1:28
  SPEAKER_00: It's a great iPhone, it's revolutionary.
• 1:30
  SPEAKER_00: Absolutely.
• 1:31
  SPEAKER_00: But in 2025, it's a brick.
• 1:34
  SPEAKER_00: Your cousin probably has it as a joke.
• 1:36
  SPEAKER_01: My cousin can't have it.
• 1:37
  SPEAKER_01: It's sentimental.
• 1:39
  SPEAKER_00: But if you invested that thousand dollars into Apple stock in 2007, you'd have over$200,000 today.
• 1:48
  SPEAKER_01: I'm sorry.
• 1:49
  SPEAKER_01: I need a second.
• 1:50
  SPEAKER_00: $200,000 from$1,000.
• 1:54
  SPEAKER_00: That's compounding interest doing its thing.
• 1:57
  SPEAKER_01: Why did nobody tell me this?
• 1:59
  SPEAKER_01: Where was this information?
• 2:00
  SPEAKER_01: I was too busy building Minecraft houses.
• 2:03
  SPEAKER_00: That's literally why we're here.
• 2:06
  SPEAKER_01: Alright, that's it.
• 2:07
  SPEAKER_01: I'm sold.
• 2:08
  SPEAKER_01: I'm going all in on Apple.
• 2:09
  SPEAKER_01: What's the ticker symbol?
• 2:11
  SPEAKER_00: Wait, wait, wait, wait, wait, wait, wait.
• 2:13
  SPEAKER_01: What?
• 2:13
  SPEAKER_00: What if something happens to Apple?
• 2:15
  SPEAKER_01: Like what?
• 2:16
  SPEAKER_00: I don't know.
• 2:17
  SPEAKER_00: What if the CEO gets in a weird scandal with a celebrity and everybody stops buying Apple phones?
• 2:24
  SPEAKER_01: That's oddly specific, but okay.
• 2:27
  SPEAKER_00: Or what if another company invents something better?
• 2:30
  SPEAKER_00: Or what if there is a bad earnings report?
• 2:32
  SPEAKER_00: Or what if the whole company goes.
• 2:35
  SPEAKER_01: Okay, but Apple is Apple.
• 2:37
  SPEAKER_01: I mean it's Apple.
• 2:38
  SPEAKER_00: Well said that about Blockbuster.
• 2:40
  SPEAKER_01: What's a Blockbuster?
• 2:42
  SPEAKER_00: He's joking.
• 2:44
  SPEAKER_00: He's not joking.
• 2:46
  SPEAKER_00: The point is, putting all your money into one company is like betting on one rabbit.
• 2:51
  SPEAKER_00: What if that rabbit has a bad day?
• 2:53
  SPEAKER_01: I don't like this metaphor anymore.
• 2:55
  SPEAKER_00: So here's the move.
• 2:56
  SPEAKER_00: Instead of betting you're all on one company, you bet on thousands of companies all at once.
• 3:02
  SPEAKER_01: How is that even possible?
• 3:04
  SPEAKER_00: Something called an ETF, an exchange traded fun.
• 3:08
  SPEAKER_00: It's basically just like a basket with a ton of stocks in it.
• 3:11
  SPEAKER_00: You buy the basket and you get a little piece of all the stocks in it.
• 3:15
  SPEAKER_01: Like a Costco variety pack?
• 3:17
  SPEAKER_00: Sure.
• 3:18
  SPEAKER_00: Exactly like a Costco variety pack.
• 3:20
  SPEAKER_00: So there's this thing called a VTI, the Vanguard Total Stock Market ETF.
• 3:26
  SPEAKER_00: It's basically like you buy pieces of over 3,500 American companies, all with one stock.
• 3:33
  SPEAKER_01: 3,500?
• 3:34
  SPEAKER_00: Yep.
• 3:35
  SPEAKER_00: Nvidia, Apple, Google, the random company that makes Sprens.
• 3:41
  SPEAKER_01: The Springs Inside Pens have a company?
• 3:43
  SPEAKER_00: Probably.
• 3:44
  SPEAKER_01: I want to invest in the Spring Company.
• 3:46
  SPEAKER_00: You already do.
• 3:47
  SPEAKER_00: That's the whole point.
• 3:48
  SPEAKER_00: Okay, so VTI covers America, but now what about the rest of the world?
• 3:52
  SPEAKER_01: There's more?
• 3:53
  SPEAKER_00: There's a whole other fund, the VXUS.
• 3:56
  SPEAKER_00: It covers almost every other country in the world.
• 3:59
  SPEAKER_00: 8,700 stocks in Europe, Asia, Africa, all over the world.
• 4:04
  SPEAKER_01: Wait, I can own a piece of like a Japanese ramen company?
• 4:08
  SPEAKER_00: Technically, yes.
• 4:09
  SPEAKER_01: Investing is beautiful.
• 4:10
  SPEAKER_00: And there's one more piece to the puzzle: bonds.
• 4:13
  SPEAKER_01: Cool.
• 4:14
  SPEAKER_01: What's a bond?
• 4:15
  SPEAKER_00: A bond is basically a loan that you give to the US government or a big company, and they basically pay you back in interest.
• 4:23
  SPEAKER_00: And it is slower than stocks, but it's pretty reliable.
• 4:27
  SPEAKER_01: So the government is like my friend who borrows 20 bucks but actually pays it back?
• 4:32
  SPEAKER_00: With interest, yes.
• 4:34
  SPEAKER_01: I have never had a friend like that.
• 4:36
  SPEAKER_00: That's why bonds are the responsible part of your portfolio.
• 4:39
  SPEAKER_00: When stocks go crazy and drop, bonds hold steady.
• 4:42
  SPEAKER_00: They're like a shock absorber.
• 4:43
  SPEAKER_01: So the three funds are US stocks, international stocks, and bonds?
• 4:48
  SPEAKER_00: He got it.
• 4:48
  SPEAKER_01: I'm a genius.
• 4:51
  SPEAKER_00: Okay, you ready for the crazy part?
• 4:53
  SPEAKER_01: I was born ready.
• 4:54
  SPEAKER_01: I was literally born for this.
• 4:56
  SPEAKER_00: We were born on the same day.
• 4:59
  SPEAKER_01: Okay, but spiritually.
• 5:01
  SPEAKER_00: Okay, so we ran the numbers, and if dad had put about$10,000 into one of those three fund portfolios the day we were born, October 8th, 2008, and added about$500 every month, it would now be worth about$333,000.
• 5:18
  SPEAKER_00: That's nearly triple the amount of money we've put in.
• 5:21
  SPEAKER_01: From$500 a month?
• 5:22
  SPEAKER_00: Total contributions?
• 5:26
  SPEAKER_01: Wait, you put in$104,000 and you got back$333,000?
• 5:31
  SPEAKER_00: Welcome to Compounding, little brother.
• 5:33
  SPEAKER_00: Now what if we just kept going?
• 5:35
  SPEAKER_01: What do you mean kept going?
• 5:37
  SPEAKER_00: So what if we kept putting$500 a month into this fund until we were 67?
• 5:42
  SPEAKER_01: That's old.
• 5:43
  SPEAKER_00: That's retirement age, Brandon.
• 5:44
  SPEAKER_01: Retirement is when you're old.
• 5:46
  SPEAKER_01: I'm in a correct statement.
• 5:48
  SPEAKER_00: At that same average rate of return, about 10.46?
• 5:51
  SPEAKER_00: By the time we reach 67, that'll be worth about 57 million dollars.
• 5:57
  SPEAKER_01: Say it again.
• 5:58
  SPEAKER_01: Say it again.
• 5:59
  SPEAKER_00: 57 million dollars.
• 6:02
  SPEAKER_00: One more time.
• 6:03
  SPEAKER_00: Brandon, are you okay?
• 6:05
  SPEAKER_01: I'm gonna cry.
• 6:06
  SPEAKER_01: I'm literally gonna cry on camera.
• 6:08
  SPEAKER_01: Is that okay?
• 6:09
  SPEAKER_01: Are we allowed to do that?
• 6:10
  SPEAKER_00: Yeah, buddy.
• 6:11
  SPEAKER_00: That's fine.
• 6:12
  SPEAKER_01: From$500 a month, I spend more than that on Chipotle.
• 6:16
  SPEAKER_00: We know.
• 6:16
  SPEAKER_01: I need a cutback on Chipotle.
• 6:18
  SPEAKER_00: We know.
• 6:19
  SPEAKER_00: Okay, so here's the thing.
• 6:21
  SPEAKER_00: You could build the three fund portfolio yourself with US stocks, international stocks, and US bonds.
• 6:28
  SPEAKER_00: Or if you want the ultimate genius option, there's something called the Target Date Fund.
• 6:34
  SPEAKER_01: Target date fund?
• 6:35
  SPEAKER_01: Like a date?
• 6:36
  SPEAKER_01: Like a romantic date?
• 6:38
  SPEAKER_00: Like a retirement date.
• 6:40
  SPEAKER_00: You pick a date you wanna retire, and the fund does everything for you.
• 6:44
  SPEAKER_01: So I just put my money in and forget about it?
• 6:47
  SPEAKER_00: Set it and forget it.
• 6:49
  SPEAKER_01: Like a crock pot?
• 6:50
  SPEAKER_00: Exactly like a crock pot.
• 6:52
  SPEAKER_01: I love my crock pot.
• 6:54
  SPEAKER_00: I know.
• 6:54
  SPEAKER_01: My crock pot has never let me down.
• 6:56
  SPEAKER_00: The point is, the fee is 0.08%.
• 7:00
  SPEAKER_00: That means it's about eight cents for every hundred dollars.
• 7:04
  SPEAKER_00: That's less than a gumball.
• 7:06
  SPEAKER_01: Investing is cheaper than a gumball.
• 7:08
  SPEAKER_01: I feel like this is a headline.
• 7:09
  SPEAKER_00: Okay, before we go, I have to warn you about something.
• 7:13
  SPEAKER_01: Oh no.
• 7:14
  SPEAKER_00: Okay, so there are people out there who will offer to manage your money for you.
• 7:19
  SPEAKER_00: Or a fee.
• 7:20
  SPEAKER_01: That sounds helpful.
• 7:22
  SPEAKER_00: That 1% may sound tiny, but because of compounding, over 40 years, your manager ends up taking about 25 cents on every dollar you make.
• 7:32
  SPEAKER_01: They take a quarter of my rabbits?
• 7:35
  SPEAKER_00: A quarter of your rabbits.
• 7:37
  SPEAKER_01: That is theft.
• 7:38
  SPEAKER_01: That is financial theft.
• 7:40
  SPEAKER_00: There's basically a troll living under your investment account, and we just exposed him.
• 7:45
  SPEAKER_01: No one takes my rabbits.
• 7:47
  SPEAKER_01: Subscribe.
• 7:48
  SPEAKER_00: Triple the money.
• 7:49
  SPEAKER_00: We're 17 and we know more than your financial advisor.
• 7:52
  SPEAKER_01: Statistically, that might be true.
• 7:54
  SPEAKER_00: Go, rabbits.