There's gonna be no inheritance for the Boomer kids

There’s No Inheritance With Boomers’ Kids of aging is higher than ever This idiot was wrong There’s gonna be no inheritance for the boomers kids because they’re gonna have to sell their house or do a reverse mortgage to pay for long term care So I was wrong it’s already happening They’re doing whatever they can to kick you out of the assisted living homes for whatever reason just like insurance health insurance companies do But there’s nowhere else for these people to go so they’re being dropped off at homeless shelters So what are some things that you can do in your 40s to prevent this from happening to you Let’s find out 1. You need to recognize the harsh truth that you cannot rely on your family friends or the government The only person that you can rely on is YOU 2. You need to make sure that you actually have a plan for your money Budgeting Apps/Methods Rocket Money (Steve’s favorite) YNAB Quicken Simplifi Rocket Money Empower PocketGuard GoodBudget Budget Sheet Pencil & Notebook You can start by using any budgeting apps like these or whatever you're comfortable with or just use this free tracker that I have in my bio so you don’t have to pay for anything 3. You need to put your money in the right account in the right order of operations Beginner Tax-Advantaged Accounts Account Type Contribution Limit (2026) Tax Benefit High Interest Accounts (HYSA, Money Market Funds, T-Bills, CDs) Unlimited T-Bills - exempt from state and local income tax Employer 401(k) (up to employer match) Varies (commonly 3-6%) 100% instant ROI from employer match Roth IRA $7,500- $7,500- 50- Tax-free growth + tax-free withdrawals HSA (Health Savings Account) $8,750 family Individual / $8,750 family Triple tax advantage: tax- free contribution, growth, and withdrawals Brokerage Account Unlimited No tax benefits Start by putting money into a High Interest Account Employer Sponsored Account Roth IRA HSA and then a Taxable Brokerage And you want to do it in this specific order to reduce your risk and to save the most on taxes 4. You need to start INVESTING and let your money grow for you Don't gamble your money and just stick with these reliable brokerages Popular ETFs SPYM, SPY, VOQ, IVV QQQM, QQQ, VUG SCHD, VYM, SPYD VT and stick to low cost broad based index funds like with any of these Keep it simple 5. It's not too late to get financially literate but you need to start TODAY Read these books here I would just start with The Simple Path to Wealth and The Millionaire Next Door Or if you're overwhelmed and just want a step by step checklist That tells you exactly what to do Get Your Free $1M Investing Roadmap... in under 30 seconds! $1M INVESTING ROADMAP FINANCIAL FREEDOM FASTER STEVE CHEN instantly 5,000 beginners that has helped more than 5,000 community members get on track with their finances And yes this is all FREE instantly I hope this helps :)