[Music] so we've seen a lot of predictions lately about what's going to happen in 2025 with the stock market interest rates inflation I mean just the economy in general so listen some of it is good news some of it not so good and so today I'm going to react and tell you my honest thoughts about some of these Financial forecasts and what they mean for you and your money now make sure to hit the like button and subscribe and let's get started prediction number one the rising AI stock prices so AI has continued to be on the rise I mean it's really hot right now and some people were even questioning hey is AI even going to thrive in this world you know as we know it and sure enough it has but according to Forbes many experts believe AI will prove itself fueling higher earnings expectations and in turn higher stock prices so here's the deal these companies are coming out more and more around Ai and I think that you know this technology is not necessarily bad I mean if anything I think it could be more efficient in all of it but you also want to make sure when you're putting your money into anything whether it's a new industry or a new company always be a little bit cautious okay I always like to put my money because remember this is your hard-earned money you went to work spent hours working made a paycheck after taxes so you want your money to be put somewhere that you know is going to be good and so for me having a long track record is always key so again AI is still very very new so putting your money into just AI stocks in general I'm always a little bit cautious now if they were in the mix of a bunch of other stocks then definitely but never do single stocks so never look at a single company and just say hey it looks like they're on the rise I'm going to put all my money in there don't put all your eggs in one basket all right speaking of AI prediction number two a boom in Aid driven personal finance tools so according to Forbes emerging AI powered apps have already been starting to carve out their own lane in the personal finance space so again I I mean I think this is great if we can lean on technology to help us in any way it is fantastic but you have to remember AI is not going to solve your money problems you're the one that's going to solve them so whether it is a tool out there that's going to help you organize your money I think that's all great but I do want you to be in the middle of it that's one reason you know with every dollar our budgeting app I love it so much because you still have to be in there yes it helps you calculate and see what's going on in each category it is so helpful to have a tool I'm all about having you know Technologies assist you in this process but your money is not going to change unless you change so you need to be in there and really doing the work as well because that's what's going to create long-term change and my fear is a little bit that if AI takes over so much it's going to be making decisions almost for you without you being the decision maker so just be cautious about about it but again I'm all about some new technologies helping us with our money and every dollar is the app that I use so I'll put a link down below because it is the best budgeting app out there to help you overall with your money and there's going to be a lot more features which is very exciting so make sure to check it out all right prediction number three lower mortgage rates so according to an article from Fortune some Housing Industry trade groups and agencies are now forecasting lower interest rates in 2025 amen Hallelujah I know all of you looking to buy a home are saying Thank God now the Mortgage Bankers Association has forecasted that the average 30-year fixed rate mortgage will decline to about 6.2% in the first quarter and eventually fall to 5.9% by the end of the year Fanny May predicted that mortgage rates will be around 5.9% in the first quarter slowly declining and ending the year at 5.6% now of course we don't know these are all educated guesses but again when you actually can forecast and somewhat looked look at the impacts of mortgage rates and the economy and what's going on with the FED again some people have you know their pulse on it and I wouldn't say like it's absolutely going to happen because it's still in the future but it's good to know and I do think as the economy continues to heal we are going to see rates lower and hopefully continue to see inflation lower and all of that works hand inand which is fantastic and again I know buying a house has been such a sore spot for a lot of people because of how expens expensive everything is now and rates aren't helping so listen if you are ready to buy a house go ahead and buy a house like if you are debt free you have an emergency fund you have at least 5% to put down for a down payment uh you know your your mortgage payment every month is around 25% of your take-home pay like if all those things check off go ahead and get into the market remember you want to date the rate marry the house the house is going to be their long term you can always refinance but the thing about the housing market that we have seen and predicted years ago and it's continued to be true it's like there wasn't a big bubble right it prices didn't drastically fall they continue to go up now not as drastically as we've seen over the past few years but they continue to be what real estate has always been it's an investment a really good investment so your housing value will continue to go up houses will continue to get more expensive so if you are ready it is time to get in okay before I share the rest of my tips I want to tell you about one of our sponsors Christian Healthcare Ministries so just about everything costs more these days so if you're looking for your health care options during open enrollment check out Christian Healthcare Ministries chm is not health insurance it's a biblically based Health cost sharing ministry that's helped hundreds of thousands of families like yours with healthc care costs without sacrificing Freedom you can join chm at any time like now so learn more at chministries.org budget that is chministries.org budget all right number four prediction number four is the rising gold prices gold has recently hit an all-time high and Goldman Sachs predicts that it will continue to rise to 3,000 per troy ounce by the end of 2025 but here's the deal again people who sell gold cherry pick certain timelines you know where the price of gold went up and when you're looking for a return over time it's just not great the long-term investments in Commodities again are just they're not there it's not as great of a rate of return and they're actually pretty fear-based so when the economy itself starts to struggle you'll see Commodities like gold or silver continue to spike up and so the thing is always I go back too because a lot of people that get into gold are like well if something ever happens to the market we're going to need gold and if something happens to the US Stock Market you guys and it went down and it was doneo we would be more in like a Hunger Game situation and you're going to be looking for bows and arrows not gold okay like water is what we're looking for and so just always remember that and when you go to areas of like really complete destruction like their economy is completely dunzo because of you know a natural disaster again people aren't trading gold they're like I need bottles of water I need I need safety like like that's what people are going to be looking for if everything hits the fan so gold overall mathematically is not a great investment and then one of the reasons to get it is just in case something happens bad but usually something bad happens that bad Gold's not going to be what you're going to be run into so always remember that all right prediction number five is the stock market growth so the president and Senior portfolio manager at Client First wealth Legacy and estate planning sounds very important uh believes that the S&P 500 will go up 14.5 to 19.6% by the end of 2025 also a partner and chief investment officer for running Point Capital advisor thinks the S&P will grow between seven and 11% now some experts are not as optimistic there is a managing partner of SRM private wealth and he is predicting a negative 5% to just a 5% growth so yeah it's all over the map a little bit but here's the deal when it comes to investing you guys it is the long game we are not looking at a singular calendar year when it comes to investing investing is for the long term now if you're about to retire in 2025 then yeah you're going to want to take a closer look and make some decisions with your investment professional on when the best time is if if the market starts tanking down like the last guy predicted but if not you guys overall most of us this is a long-term play so always be investing 15% of your income into retirement accounts and the market is going to do this always okay and there are some days I remember there was a day in 2024 and it just like went down pretty significantly everyone freaked out freaked out freaked out and within 5 days it was back up so like and no one was reporting that so remember it is a roller coaster ride stay on the ride don't jump off you'll get hurt if you pull your money out in a down Market finish out the ride because that is what your mindset is with investing it is long term so here's the deal you guys there's a lot of noise there's a lot of predictions out there about what's going to happen in the future but the truth is nobody knows yes we can make some educated guesses Based on data and what's happened in the past and that's good to do I mean I think it's fine to look and read at what people are talking about or what they're seeing we don't have a magic eightball or crystal ball to predict the future so remember this Trends will come and go but what is tried and true is really the old school ways of handling money and those always work so always remember to go back to Common Sense ways of handling your money when you live on less than you make when you save for a rainy day when you are a generous person all of these things over time are going to be for your betterment but if you want to be better with money regardless of what the future holds check out this video video to see five numbers you must track to build wealth or if you're listening on podcast make sure to click the link below all right you guys remember to take control of your money and create a life you love
