Here what I've learned from life. If you have a $100K income, live a $50K lifestyle, not a $200K lifestyle.

@laurenzama9332

5 жыл бұрын

You win

@rnupnorthbrrrsm6123

5 жыл бұрын

Bingo !!!

@suesheification

5 жыл бұрын

Who makes a 100k. Hahaha. Not anymore

@dondressel4802

5 жыл бұрын

Good advice

@ppc7457

5 жыл бұрын

@@suesheification hi tech engineers make 120k$ per year easily. more money is possible for them

The End Of The American Dream. It's called a dream because it isn't real. A dream ends when you wake up. Good morning.

@jasonsaeger

3 жыл бұрын

Good morning, Sunday morning!

@frances3254

3 жыл бұрын

And as I begin to 'wake up', seems like I have to stop blaming 'them'.

@sunlongsun2071

3 жыл бұрын

follow you step 😓

@criticalcharge8172

3 жыл бұрын

Wake up Mr. West

@devilslayerthesaintofkille1317

3 жыл бұрын

More like good MOURNING.

My grandpa told me once, " What's the meaning of an expensive pair of pants if the pockets are empty"!

@ARKANOSURANO-yr3qp

3 жыл бұрын

Mismanagement of taxpayers' money ..... THEY GIVE A LOT OF MONEY TO OTHER COUNTRIES .... money that goes into the pockets of those politicians from countries like El Salvador, Colombia, etc. ..... instead of Invest in your own citizens.

Don't send your kids to Universities, but instead send them to trading schools.

@PumpUPdaBase

3 жыл бұрын

Okay then who will be our doctors and engineers?

@blu-rae864

3 жыл бұрын

Chinese and Indian studying standards are higher than in the west. In South Korea, they spend an average of 15 hours studying daily. It's not so much about race as it is about studying.

@eara8426

3 жыл бұрын

@@PumpUPdaBase Unless you want to become a Nurse, Physician, Or Computer Scientist, don't attend a University if you are going to get a degree in Tuba or Lesbian Dance Theory with thousands of dollars in student loans.

@YourLocalMairaaboo

3 жыл бұрын

@@PumpUPdaBase the guys that got the grade-based tuitions? Also, a few plumbers and electricians are good too.

@eara8426

3 жыл бұрын

@Rosemarie Plant Yes, they can get a job before attending college, but don't let them work in those lower-than-minimum-wage-work-study positions. 😉

Young families think they can have $400k house $150k education a wife that thinks she can work part time but drive $100 k worth of vehicles and $24k child care ...

@Imperial0666

4 жыл бұрын

and the problem is they're asking $400,000 for houses that used to be $100,000 not that long ago.

@obadiahscave

4 жыл бұрын

Right.. people are living like they are doctors, while on working class wages...😂😂😂

@GO-cz7cl

4 жыл бұрын

There is no shame in living within your means. You're just setting yourself up to fail.

@Ikaros23

4 жыл бұрын

F K im glad im a salesman. There is always a fool that needs to show of « wealth», buying junk they dont need to impress people they dont know with cash they have not earnd.

@jew_world_order

4 жыл бұрын

They're asking for things that are definitely within reach... in other countries and not the US but they have no intentions of moving

Land of the fee, home of the slave.

@lewisjeffreys9175

3 жыл бұрын

Indeed

@tommycollier9172

3 жыл бұрын

Economic slavery

@Cod4Wii

3 жыл бұрын

Modern Day Slavery

@therock8224

3 жыл бұрын

@Owen Birr Good point, though that's how they ensure all the expressways are empty in China, by charging a fortune (around US$200 equivalent in toll fees for a 1000-1500km or approx. 600-900 mile journey).

@jerrynavarro2404

3 жыл бұрын

Yup

Jonas Cox said,"I only make $120,000 a year".What the?When I was working(I'm retired now)I never made over $50,000 a year and still managed to accumulate wealth.Some of these people just don't have a clue......

@garybulwinkle82

2 ай бұрын

They live so far beyond their means! They have no concept of moderation; it's always, I want, I need; there is no doing without until the money is gone!!

@nomadictravelerfromTx

2 ай бұрын

@@garybulwinkle82 I agree!

The American middle class has been under attack for AT LEAST 40 years.

@ReasonsWhy5

3 жыл бұрын

John Orban, yes because it seems the plan is to have a Nation of very rich people and poor people. But eventually it will all fall apart!

@cynthiaayers7696

3 жыл бұрын

And in all that time I went from a poor woman close to middle class now. That's because I started out living in the back of a truck, instead of ending up in one. And I never once used credit. This is the land of opportunity. If you are a man , you should have a house for your woman if you want one to move in with you or to marry and have a family. But doing it the other way around, is only building a house of cards.

@jameswillett7186

3 жыл бұрын

The standard of living in the United States peaked in 1973 and has been declining ever since.

@coopsnz1

3 жыл бұрын

Left policy globally , in Australia regulations and taxes increased on middle class and upper class 35 yrs

@mikepeterson5199

3 жыл бұрын

Started with ronald raygun.

This is a joke 120k and u broke, try living off 1100/month.

@cherryrotella3714

5 жыл бұрын

Scott Aartsen we want for far more than we really need.

@drunkensailor112

5 жыл бұрын

Try living in the usa with medical insurance costing you 3.000 a month.

@muffintop420

5 жыл бұрын

Yeah and you would have a lot more if the 1% weren't taking all of it and leaving you the crumbs. They like to make you think you are lucky to have what you have while they take it all and pay no taxes.

@thegmack1019

5 жыл бұрын

If you make 120k a year and you're "broke" You arent "broke" you're an idiot.

@ChiDraconis

5 жыл бұрын

@@thegmack1019 That would be my take on it;

Someone who can't live on 120k a year has some serious spending habits

@mattdeyarmin8552

6 жыл бұрын

ivyteainn drugs are expensive

@MJLeger-yj1ww

6 жыл бұрын

That's for sure. And they will be sorry when it comes time to retire, because there's no way they can save enough for retirement, which costs much more today and few people realize that! They say retirement costs a million dollars today, few are going to be able to do that and retire at age 65 (or earlier, like some are) and they'll find out down the line, that they're finding themselves living at poverty level!

@linmcc8342

6 жыл бұрын

It depends on the number of people being supported. For some, medical bills are a real burden.

@rik4raj

6 жыл бұрын

It depended where you live

@charleshoang6481

6 жыл бұрын

They should move to Wichita, Kansas they can live comfortable in 40,000 dollars a year and there are plenty of jobs that pay forty thousand a year!

There is no middle class anymore it’s either u rich or u not....

@lobstermyname4477

3 жыл бұрын

@Alex 20 you legit just copied a top comment word for word

@donalddrysdale1657

3 жыл бұрын

that's what George Orwell warned people would happen as far back as the 1930s, because he new some of the elite and their plans for us then--they have had an end game planned for 2030, and it's why they have developed this police state we are in now.

@user-gz4ve8mw9l

3 жыл бұрын

@@donalddrysdale1657 True, yet tragic, so many still in denial of reality.

@MrTmenzo

3 жыл бұрын

If that's your mentality then you're clearly struggling right now.

@bernie9728

3 жыл бұрын

If those are the only two choices, why would you not choose rich?

Fun fact. In 2020, it doesn’t get better.

@glebperch7585

3 жыл бұрын

Let's not get ahead of ourselves. 2020 isn't over yet.

@chieflouie2821

3 жыл бұрын

It did until ChinaBiden virus.

@michaelc3977

3 жыл бұрын

How dare someone who identifies as "trans" make such an impudent statement? Let me guess, you naively waved a BLM banner this year also? The audacity of those being carried hasn't improved in 2020.

@criticalcharge8172

3 жыл бұрын

@Chuuu yeah, Did you know that the Democrats fought to keep slavery in the south? It’s common sense you should look up the scummy shit they do

@sableprime9128

3 жыл бұрын

@@criticalcharge8172 Google "Southern Strategy" please. Both parties have a history of racism, not just one.

Turns out, Idiocracy wasn’t a movie, it was a documentary.

@marcelleza

4 жыл бұрын

Nailed it!

@ApoloniaJones1976

4 жыл бұрын

Mom's Basement Yep! I had similar thoughts while watching.

@richd5476

4 жыл бұрын

It's a prediction...

@shinjaokinawa5122

4 жыл бұрын

Hey Moms Basement I like your OC and Your Title.

@cccsss9985

4 жыл бұрын

It should be required viewing, because it sure is reality.

"The reason they call it the American Dream, is because you have to be asleep to believe it." - George Carlin

@user-td7xf3gz4l

5 жыл бұрын

Not true

@edwinblaine8255

5 жыл бұрын

JJ - so very true.

@marcelopena3537

5 жыл бұрын

@@user-td7xf3gz4l ha

@rickb06

4 жыл бұрын

@adrian singh Just because its popular doesn't make it less true... Our standard of living is "supposed" to go up, not down and it is definitely going down.. A small handful of people are living well, the vast majority of us are doing more, working harder and have less free time compared to our parents and their parents. Life has become harder by an order of magnitude, as well as significantly more stressful. Families are going from the top of the proverbial middle class food chain to complete financial armageddon, there is no stability, you can't rely on your job and your boss wouldn't hesitate to throw you under the bus if it'd make him an extra buck or save his ass, there is no loyalty anymore- The world is fucked up and the only thing that can work at this point is war, if we can't live decent lives and have no true freedom, personally or financially, we have no choice but to fight for freedom again, because living like this, existing in a limbo between homelessness, constant fear of the infamous repo man and and a cell phone that never stops ringing, this is not how things are supposed to be, this isn't life, it is hell.

@avasmith235

4 жыл бұрын

@@rickb06 my standard of living keeps going down. The rich get richer and greedier. The lazy get lazier thanks to DemoCraps. Jesus has Always been the answer. We all die and give an account.

I'll be damned if I go broke trying to put my kids through college and they can pay for their own wedding too.

@jeaniemarczniec7755

3 жыл бұрын

Way back in the day people got married in a nice dress at the hem of the parent. Everyone brought food and some brought records and there was the wedding. Cheap and everyone had a good time.

@brendatrump5163

3 жыл бұрын

@@jeaniemarczniec7755 Kids today expect too much for what we earn. If you make very good grades you won't need to pay for college and if you are making bad grades then you probably won't do well in college either so why waste my money, lol

@brendatrump5163

3 жыл бұрын

@@IndBro2 Yeah that's stupid because statistics show that half of marriages don't make it but a house won't leave you.

@traskstoneworks

3 жыл бұрын

@@IndBro2 Damn right, a fool and money are soon parted. But gramma now knows don't leave her estate to a fool! I hope she gives it to you, you will use like a tool to build more. We got nothing when we married.

@greenearthblueskies8556

3 жыл бұрын

🤣🤣🤣🤣

It’s funny how a minimum wage worker can survive yet someone who makes six figures is struggling!

@jo3bro

3 жыл бұрын

thats because a minimum wage worker lives at a way lower standard of living. No health insurance, def no retirement/savings, work year round with no break, live with multiple people, etc. these are middle class people, trying to live at the standard of living outlined in the video, because that is what they have been told their labour entitled them to. But due to wage stagnation/outsourcing/increasing costs of living, they are unable to. As this dynamic continues, accelerated by the 2008 economic crisis, more and more of these middle class workers become lower class workers, aka the minimum wage workers, making exactly as you say, just enough to survive, day to day. this video is about the story of these former middle class workers.

@arnowisp6244

3 жыл бұрын

Cost of living affects that.

@janietram

3 жыл бұрын

@@jo3bro Trying to live like a seven-figure as a six figure is like a minimum wage trying to live as a six figure, it will never work!

@alexcarter8807

3 жыл бұрын

I'm in Silicon Valley and make less than $20k a year. I've helped out people who make almost 10X what I do which is hilarious.

@nawtsurprised

3 жыл бұрын

Many live beyond their means.

How does a fourty year old lose 800k in the stock market. I am pretty sure he had margin loans, don't borrow to gamble.

@gman76utube

4 жыл бұрын

This guy’s not a “typical middle class” person in the US. He gambled away almost a million dollars? Who selected these people?

@LouMontana-wc7nr

4 жыл бұрын

He is a pig Republican and now he does not want to pull himself up.

@cancel.lgbtq.6892

3 жыл бұрын

Probably invest in single stock such as Hertz...

@jeep19

3 жыл бұрын

Trust me 😃 he believes the tea party is his salvation, regardless of there overt or closeted bigoted, racist views... and he'll blame brn/blk folks for all his white problems 😉👌

@gregorysagegreene

3 жыл бұрын

Yer, I know a lot of people got screwed. It was a real actual horrific period. But this guy was a very bad example. The 'stock market loss' was insane. Also, he was a total 'Joneses' guy, because he tells you after the fact that he suddenly now realizes that $1/2Mil is too much for a house. Given the state of gender in society in 2020, if you watch the eyes on that woman's face from back then, slim chance in hell she is with that fool now.

120k a year and you’re struggling. And here I thought I was doing pretty good at 56k

@DIYLETSCREATE_MINIATURES

4 жыл бұрын

And I at 20,000

@suzanne48

3 жыл бұрын

I live on less than $14,000. a year. It's a bitch.

@OhSoGoated

3 жыл бұрын

@@suzanne48 what do you do Sandra?

@hydrolito

3 жыл бұрын

My highest paying job was about 16 k per year and wife's was 23 k but we did not have both at same time. She has since died from cancer.

@greenearthblueskies8556

3 жыл бұрын

And homeless folk 😔

I would never make my parents use their pensions and work for the rest of their lives just so i didn't have to go into student debt. Freaking gross

@robertchandler5055

3 жыл бұрын

STOP WITH THE ART HISTORY OR COMMUNICATION DEGREES FIND OUT WHAT JOBS ARE REALLY HIRING AND REALLY PAYING YOUR SHEEPSKIN SHOWS YOUR LAST 2 YEARS NOT YOUR FIRST 2 YEARS THERE IS FREE SCHOOL OUT THERE FIND IT

@jenniferharden2258

3 жыл бұрын

KUDOS!

@psylocibin9359

3 жыл бұрын

Very gross

@twister5974

3 жыл бұрын

@@psylocibin9359 nice name!

@ottomeyer6928

3 жыл бұрын

sorry if you cant study then bloody well work and dont suck on your fingernails

how can you struggle living on $120k, that's insane

This is one reason why my husband and I left Boston to expensive. We own a very nice home in North Carolina and we are happy now.

@donaldwymer2791

4 жыл бұрын

Yes, get out of Babylon...that's the solution. A Change of Attitude is essential. Change your Thoughts - Change your World. Stop buying the lie.

@hardcandy7112

4 жыл бұрын

Chicago population has drop 20% in the last 20 years , no reason to live in that cold Lake Michigan 2 below zero and drive by Shooting . Florida the Golden state .

@kidneycarecoaching3766

3 жыл бұрын

I live n NC also...

@Pravda_Z

3 жыл бұрын

I lived in Boston for 6 mos. in 1969. I lived in a rooming house on Brookline Ave, a 10 min. trolley ride to Old Town for $10/wk. I lived on day-old-donuts from a deli where my boyfriend worked across the street. Once a week I would take an Add-A-Man job for $10/day to pay my rent, allowing me to play music all day long. Life was so good back then!

@Pravda_Z

3 жыл бұрын

@@federicobacano6050 Yeah...vote against your interests like they always do in North Carolina.

combined $120k per year, granite counter tops in the kitchen??? Bless your god damn heart. Yall havent seen shit.

@mhikl4484

6 жыл бұрын

Again, as mentioned a similar post as yours, 1Cardplayer; the range mentioned was $40~$120 thousand. That is the defining range of middle class and the numbers and percentage in that 'class' are shrinking. It seems you like to gamble. Has it paid off?

@mhikl4484

6 жыл бұрын

JoBlow, your comment seems more typical of 'Conservative ghetto trash'.

@SepherStar

6 жыл бұрын

I lived in a house with granite counter tops. I thought they would be better than tile but truth is, they are just as difficult to clean because everything leaves a streak.

@007mia7

6 жыл бұрын

Umm that was Corian not Granite, but point taken.

Message from the future....it gets worse :(

@jaygill5582

3 жыл бұрын

Specially if you're stupid!

@jameslatimer1432

3 жыл бұрын

@@jaygill5582 smart people failed aswell Buddy not just the silly one you live in a con and you will get it sooner or later

@jameslatimer1432

3 жыл бұрын

@@jaygill5582 all by design remember that ,,!?

@tomflendodo7297

3 жыл бұрын

THAT'S WHAT JOE BIDEN SAID !!!!

@UnCannyValley67

3 жыл бұрын

4 months is now the past again. And the future is much, much brighter.

I have been a medical assistant in the medical field since 1991. I have NEVER made enough money to support myself completely. With every pay raise my hopes rise a bit but with the cost of living rising fast than my raises, I am just right where I started. Always behind.

$120,000 a year which is $10,000 a month and he can't live off of it. I can't feel sorry for him

@Republican_Extremest

5 жыл бұрын

I initially wrote out this big huge thing. But I decided to delete it because I can barely afford to pay attention. Some people just wanna make ends meet I'd be happy with my ends being able to wave at each other. So I ain't gonna argue over this guy's 120k and fight with anyone else on where they went wrong or how if we has 120k what we'd do better. I can only care about my pockets. And no one else's.

@jaster101finity4

5 жыл бұрын

he is a MORON.

@stoniewake125

5 жыл бұрын

Yes but where does the person live and what’s the state of his past ... the smallest home in Maryland costs around 300k to start. In Arizona the largest nicest house can cost 100k soooo, standard of living is way different around the country

@tola978

5 жыл бұрын

$10k a month? In Massachusetts that's $7k after taxes. $6k after health insurance, life insurance, short term disability insurance,flex spending and 401k savings. $4k after mortgage is paid. $3500 after car payment. $2500 after groceries and gas cause $150 a week in groceries doesn't get much these days and $100 a week in gas doesn't go very far either. $2500 leaves you $625 a week if you are lucky enough to not have any student loans, credit cards, cell phones, friends, or a social life. If you're married that's a little over $300 each a week man. $120k is nothing in Massachusetts.

@scorpionx7044

5 жыл бұрын

As a Black person, I know our average pay is less than 1/3 of this white family, and you want me to feel sorry for them? Not going to happen.

They spent their retirement money so their kids could party in college than come back to work in the pizza business.

@GO-cz7cl

4 жыл бұрын

lol, sad but true.

@marcoAKAjoe

4 жыл бұрын

Because they're foolish.

@sthembisomthembu395

4 жыл бұрын

Sad

@threexladi

4 жыл бұрын

@scott leachman Now that you're retired, you can read the greats of literature.

@kidgreenhorn

4 жыл бұрын

A smart phone bill is $1400 a year, fools. I think poor.

Middle class could not afford kids' education while the nation spends trillions on the war ? says by a nation being called the best country in the world.

Let your children finance their own dreams. They will appreciate whatever it is they are striving for even more.

@sueannnatter5295

3 жыл бұрын

Yes that is what Suzi Orman recommends. You take care of your retirement and let the kids take care of their own college.

@joanryder3842

3 жыл бұрын

That would be setting them up for failure. You must be completely unaware of the current financial climate for young adults.

@sueannnatter5295

3 жыл бұрын

@@joanryder3842 I am not saying to not help them in ANY way...let them live with you rent free while in college or while saving for a house. If you take care of your own retirement than they are not burdened later on.

@tejasmisra9115

3 жыл бұрын

Getting your kids through college should be something every man should do

America still is the land of plenty... Plenty of debt...

@MsMaxinejoy

5 жыл бұрын

Good one! I like that quote.

@avasmith235

4 жыл бұрын

Plenty of Stupidity and Greed.

@sengyang6780

4 жыл бұрын

The land of opportunity everyone can become a tax payer.

@Imnotyourdoormat

4 жыл бұрын

roflol......

@jaygill5582

4 жыл бұрын

Land of the fee, home of the slave.

A better headline: the middle class is being sold out.

me 2008 school taught me: "I'm going to be rich, Wow $50,000 year that's a lot of money". me now: "Wow I'm going to be broke, and $50,000 is not a lot at all a year, and housing is fucking crazy expensive". I learned more from online then from actually finance class in school, or school at all itself.

@rixille

3 жыл бұрын

American education system does not teach its students important skills for surviving in this country, they just teach them boilerplate curriculum.

@kaypendergast5676

3 жыл бұрын

Exactly

@traskstoneworks

3 жыл бұрын

@@rixille They teach people to follow people with degrees and make sheep. I've met more educated idiots in my life than working people without educations. Oh yea, I've read Milton! and half the great books of the western world!

@ARKANOSURANO-yr3qp

3 жыл бұрын

Mismanagement of taxpayers' money ..... THEY GIVE A LOT OF MONEY TO OTHER COUNTRIES .... money that goes into the pockets of those politicians from countries like El Salvador, Colombia, etc. ..... instead of Invest in your own citizens.

This is what happens when your country is completely based on capitalism

@rkt81

3 жыл бұрын

Elutes and government employees enjoying at the expense of 90% of population taxing and ticketing and other fees to live a normal life.

@rkt81

3 жыл бұрын

@Exploited unlivable wage voluntarist libertarian just get rid of these leeches living off of others. No need for using technicality to paint the systems. All are trying to live a life. It's not my job to feed some entitled ones, in govt and his family.

@LostOneOmega

3 жыл бұрын

It's not even true capitalism, anymore. Government controls the markets so there isn't any competition.

“You can feel richer if you want less.” I really like that. Something I need to remember.

@tavoiaiono7885

4 жыл бұрын

richness is not measured by money. THAT is the problem with people. You are already really rich with health, nature and love for each other. But you replace all that with money and cars and bullshit man made shit!!! So therefore you deserve you unhappiness until you truly recognise what is real.

@jakekaywell5972

4 жыл бұрын

I have my Studebaker and I'm proud of it. I can live on less, but I'm never going to lose that car. If I do, I would face the music and hurl myself off the nearest skyscraper.

@jakekaywell5972

4 жыл бұрын

@@tavoiaiono7885 I have my Studebaker and I'm proud of it. I can live on less, but I'm never going to lose that car if I have a say in it. If I do, I would face the music and hurl myself off the nearest skyscraper.

@greenearthblueskies8556

3 жыл бұрын

Is that why Tiny Houses are all the rage?

@ARKANOSURANO-yr3qp

3 жыл бұрын

Mismanagement of taxpayers' money ..... THEY GIVE A LOT OF MONEY TO OTHER COUNTRIES .... money that goes into the pockets of those politicians from countries like El Salvador, Colombia, etc. ..... instead of Invest in your own citizens.

They chose the wrong couple to profile. $120,000 even if before taxes, is still a good salary. Some people get by on less than $20,000. This couple is not indicative of the majority of families. Having to make your own lunches. The horror! Lol.

@1210ksmith

7 жыл бұрын

Boston MA is a very expensive city to live in. $120k living in Dallas is comfortable, but $120k living in Boston or NYC is much different. The cost of living in some of America's largest cities are suffocating.

@LadyMissNeptune

7 жыл бұрын

beezle1210 I'm gonna have to pop that bubble. I live in NYC making 60k a year and I manage to get by and save just fine. With $120k I could fly to the moon and back! Not sure how 120k is not enough in Boston????? People must have real high standards of living there!

@1210ksmith

7 жыл бұрын

Perhaps. Everyone has their own varied comfort zones. In general, the cost of living in NYC and Boston is definitely much higher than Dallas. Unfortunately, Dallas isn't as exciting as those cities either.

@joesr.shannavanausdall855

7 жыл бұрын

This docu was made by Europeans. They didnt pick a " normal" American city nor a " normal " American family. You expected what from a docu made by foreigners?

@paullee3660

6 жыл бұрын

I guess that job does not require very good maths skills. That 120k is earned by 2 people. 60K each, the same as you. Plus they also have a family to support. There is also a need to service the debts built up from several months without work. Also, the point is, with skills, experience and many years of hard work invested in their careers, they expected a bit more out of life.

Us poor people been living off less then 20k yearly. We are used to being poor.

@alexisalexander9037

3 жыл бұрын

Try 10,000 these days.

@DylanM333

3 жыл бұрын

@@alexisalexander9037 exactly

@traskstoneworks

3 жыл бұрын

We be living off less and are worth over 2 million! When we made more we simply saved more. We called the bank the black hole, every time we got money we threw it into the blackhole, then when we saw we could *steal some real estate we went to the blackhole and pulled out some money. steal....... means get a great deal!

George is a true American, picking his kids' future over his own and not even complaining

@danre3369

3 жыл бұрын

The true American shouldn't have to make that choice. They own land and a farm. And still don't make enough to survive. Why do 50 people own majority of the land in the U.S.? Why are people paying 1200 for a 1bedroom apartment. When there are 2bed 2bath homes that have a mortgage of 1000.

@geofox9484

3 жыл бұрын

@@danre3369 i don't deal in what should be only what is

When are people going to wake up and realize that eight giant real estate companies own 90% of the for sale/rental property in this country.

@cancel.lgbtq.6892

3 жыл бұрын

Hence invest in REITs.

@deenanthekemoni5567

3 жыл бұрын

TD Bank owns 450,00 VACANT properties, *450,000* homes collecting dust as millions face homelessness due to COVID19. People need to start moving in by the thousands, and staying put no matter what. They CANNOT ARREST US ALL.

@adip8

3 жыл бұрын

@@deenanthekemoni5567 Yes. The hoarding of real estate by these mafias need to be put to an end. The rich keep getting richer because of increasing land value on which they've a ton of share. We need govt regulation.

@rkt81

3 жыл бұрын

Stop this atrocious property tax grab. Let people live in their houses atleast after retirement, if they want to.

@karendegenerous600

3 жыл бұрын

Marc O'Dell. Tell me why the rest of the World's non-America-residing population, and I, need to waste our time, and memory, "realising" something that is totally irrelevant to us??

Rich is not he who has more...but instead, he who needs less....

@mhikl4484

6 жыл бұрын

That was my motto as a youth need and therefore spends less (aka the fifties & sixties. I had paper routes and saved my money.) I always though before spending, "is the nickel better in my pocket than spent on 'such and such' urge?" • Then I began investing my savings in Apple. I knew it was the future. • Did I just luck out? I didn't get out of the market fast enough in the 2000 crash, but I got out with a lot more than I originally invested. Then the moderate and steady climb began. • The Chinese are such thrifty spenders. It was also the way of Europeans and North Americans etc. from the 20's on. But it died out mid seventies. • It takes time, and seems slow at first. And one needs to learn and practice how to weigh 'emergency spending'. It is often a choice; at times it might not.

If the bank now owns the house then that couple never really owned it. They just borrowed money to live in it.

@ARKANOSURANO-yr3qp

3 жыл бұрын

Mismanagement of taxpayers' money ..... THEY GIVE A LOT OF MONEY TO OTHER COUNTRIES .... money that goes into the pockets of those politicians from countries like El Salvador, Colombia, etc. ..... instead of Invest in your own citizens.

When wages stagnated in the 70s that’s when the credit thing came in to play, they kept wages low and extended you credit, to keep you believing in the American dream.

@donalddrysdale1657

3 жыл бұрын

yes, exactly; and it was all part of an ongoing agenda in which we are clearly into deep now.

@Gufberg

3 жыл бұрын

I'm glad you're saying this because its the disgusting secret behind how neoliberal governments in US and aborad have kept spending high while letting wages stagnates. Just letting people go deeper and deeper into debt, increasingly making accept that they wont ever be able to pay off a mortgage, pay for their childrens educations etc. What has happened should be criminal.

@drbassface

3 жыл бұрын

yep, Credit. No increase in Wages. Then sent jobs overseas so we can spend our limited wages and credit on cheaper goods, so they don't have to increase worker's pay. Let's pray Pres Biden can get the $15 an hour through with Budget Reconciliation.

@rixille

3 жыл бұрын

Man that's awful.

@1949coupe

3 жыл бұрын

Since 1971, the dollar has lost 98% of its value. Since 2008, its gotten worse. The governement printing of money, the latest COVID package coming in about $1.9 Trillion, has eroded the value of the dollar and created an asset bubble. Even worse, the Governent lies and tries to get you to believe inflation is a mythical 2% or less. Anyone can look back at their life and see its a lie. For example, when I bought my first detached home in Toronto Canada for $215K in 1997, I was making $38K as a full time CPA student working in a Toronto firm. Property taxes were $1600, utilites $150 a month, a new VW Golf cost $19K taxes in (8%) and my last year tuition for commerce at UofT was $2300. Fast forward to 2020: the house is now worth $800,000, taxes are $6500, utilities are $450 a month, a new VW Golf with similar options costs $32K with sales tax of 13% and tutition is $15,000 a year BUT a CPA student now makes a $50,000 a year. There is no way a young couple could ever buy what we did in 1997 working the same jobs even with a side job. So, N. Americans are borrowing more to make up for the lost purchasing power to maintain the lifestyle they think they deserve. This has to blow at some point, but I've been saying that for 10 years. Unfortunately I think the aftermath of COVID may finally bring the house of cards down. A lot of people are going to get hurt, while we transfer more wealth from the shrinking middle class to the top 5%.

It's simple: Make yourself wealthy by needing little.

@jgdooley2003

4 жыл бұрын

Easy said if your health is good, your family size is small, your relationships are good and you are lucky to avoid heavy debt in times of low inflation. If any of these variables are broken then you face a financial shit storm of epic proportions. High numbers of children, broken marriages and poor health are the preserve of the wealthy, if you want to survive.

@kingwinter2024

4 жыл бұрын

This is a really good advice to live by. Fuck "keeping up with the Jones'".

@andreakustner-branson5544

4 жыл бұрын

I did all my life

@demarcusshipman6537

4 жыл бұрын

Billder Inbaja This is my mantra!!! Own my car, land & grow food therefore costs of living is drastically reduced

@billderinbaja3883

3 жыл бұрын

@Exploited unlivable wage voluntarist libertarian : You are saying Henry David Thoreau is a rich capitalist. Liar.

my advice , don,t spend money to keep up appearances, always stay within your means and don,t worry about what others think.

@ohiopower

3 жыл бұрын

Right. Work hard. Budget. No reason you can't be successful. Some people just don't want to put in the work.

@cynthiaayers7696

3 жыл бұрын

Somebody convinced them that they had to have everything all at once. And that included kids. Before they ever owned a single thing. That is a house of cards. (That's the first three minutes into this.)

@SchnuckySchuster

3 жыл бұрын

Cynthia Ayers if one desires more than one can afford one will always be poor. BUT if one lives in a country that doesn't provide even the most basic services, like say universal health care people will struggle. Call it socialism but who really cares about the name as long as people can make a good living. I personally pay 870€ for my health care that covers everything for 5 people. Complicated hart surgery, no problem. Rehabilitation after a stroke, sure thing.

@cynthiaayers7696

3 жыл бұрын

@@SchnuckySchuster wrong on the first part. It's, goals timing and money, in that order. And you're half-right on the last part. People may get all healthcare insurance that they want. And in a capitalist Society you're expected to provide for yourself. You're expected to be an adult and figure it out. If you can't figure it out and don't ask, whose fault is that. Economics.

@cynthiaayers7696

3 жыл бұрын

16 minutes in and the narrator says this is a picture of the house that Jerry and his wife.... owned? How can you own something that you did not finish paying for? (I think if you would get this wording correct in your head, it will change how you talk,comprehend and feel about things. But that's me.)

One guy made 120k a year and in 4 months there deeply in debt ???? Sounds like a spending problem on that one !

@robertdivany1627

3 жыл бұрын

Absolutely true sir .you gat that right

@cakeisyummy5755

3 жыл бұрын

The Cost of Living is Extremely High.

Back in the 1950's in Canada, EP Taylor was the richest man in the country, owning conglomerates. I used to know a guy who knew him. He told me EP's philosophy was to pay his employees a good wage. In that way they could afford to buy the products his companies produced. Today the Amazons and Walmarts of the world pay their employees dirt cheap wages, while the big shots get rich. Sooner or later it is going to come back to bite them.

I have no credit, everyone I know tells me I need it. For what to get things I can't afford.

@user-td7xf3gz4l

5 жыл бұрын

Exactly Haha

@lindsayschutz

4 жыл бұрын

Actually, it does come in handy if you want to rent an apartment, get utility service, etc.

@TheWolferinDenver

4 жыл бұрын

@@lindsayschutz they just charge you a deposit if your credit is jacked up.

@johnnydeep1599

4 жыл бұрын

Secret of credit cards is to get them as many as you can then max them out get even with the criminal rapist backers.

@TheNacropolice

4 жыл бұрын

ITT: People who self sabotage by not having a credit card. Credit is not evil, you still need to buy food and other misc items. Use it wisely, especially those that have cash back are a no brainer. God I swear the Dave Ramsey crowd of "No Credit Cards" is just people who lack self control.

We (USA / Europe) are still in the 2008 recession, the impact has simply been deferred by increased private and government debt, a situation which can't continue forever.

@label1877

4 жыл бұрын

Not sure how you reach that conclusion. The American economy is FREAKISHLY HOT. Try to hire someone.

@andyokus5735

3 жыл бұрын

The puppet Obama you fools drooled over was the front man to pull the carpet out from under you. You should never let your guard down. Once you drop your fists you're going to get hit. Never get hit!!!

@jango1970

3 жыл бұрын

and then there was the COVID Pandemic...

Remember these words: "I don't owe you anything." That's why our country is in this dilemma. Civilization was built on Teamwork. Not egoism. Just ask anybody who served in the Military. You accomplish the mission, as a group.

@arnowisp6244

3 жыл бұрын

Indeed, not just the US but radical individualism is destroying the West.

@devilslayerthesaintofkille1317

3 жыл бұрын

@@arnowisp6244 People have a right to be individual, and not mindless drones.

@MrTmenzo

3 жыл бұрын

So a lazy fuck can mooch off someone else?

If you can't afford something twice, you can't afford it at all - Jay Z

I raised 4 kids on $34,000 all alone As a single mother I would appreciate even half of $120,000 From Canada 🇨🇦

@amandayani997

4 жыл бұрын

I am form Toronto. Me and my wife make $3000.00 a month end we are living in a better way. Thanks God

@bradtitt7572

4 жыл бұрын

Single mothers raise school shooters!

@stellamiller251

4 жыл бұрын

brad titt you’re probably like my ex husband who no doubt would say something like that while quitting his job not to pay child support and continue supporting hookers for his disgusting life

@bradtitt7572

4 жыл бұрын

@@stellamiller251 ew thats gross, sorry

@hecticproduktionz9341

4 жыл бұрын

@@bradtitt7572 simp

us housing market is a joke. Most of these plywood houses have no real value.

@dknowles60

5 жыл бұрын

Wrong. A house is to live in.

@jgdooley2003

4 жыл бұрын

The BIG cost in a house in the US is the land on which it is built and the planning permission to build on that plot. Also the surrounding infrastructure and connections to services and their provision must be paid for. Then there is an annual set of taxes which must be paid to support police, schools etc. The actual structure of the house is but a small part in the whole equation. The US has some of the oldest timber housing in the world and for them it works. The other side of the coin is that some parts of the states suffer hurricanes and tornadoes which a concrete house will not resist. A cheaper timber house can be cheaper to build if knocked in a storm. Where I live in Ireland concrete houses are preferred because we have a damp climate which easily rots timber, we do not have the extreme wind speeds which knock structures so concrete is good here in Ireland but not in the US. We may have high winds but the extreme speeds common in the States. Also building labour costs in the US are very high militating towards a quick timber build.

@Affenkatze77

4 жыл бұрын

Funny thing is: there is a stereotype that americans think the People in Europe live in shity wooden houses - But it is the americans who live in shity wooden houses 😂

@cheese3416

4 жыл бұрын

True

@pjotr8890

4 жыл бұрын

You can see these houses are worthless when the slightest storm approaches and, eventually, destroys those homes like they're made of cardboard

My dad would always say, "don't live a champagne lifestyle on a wine budget.!

@donalddrysdale1657

3 жыл бұрын

yes, that's wise, but we wouldn't of had this problem in N America at least, if people like Marx who had socio-economic theories were give a chance--the Founding Fathers knew it would end up like this from day one(1776), because capitalism couldn't apparently work for everyone very long, and they were Freemasons that had an agenda for the public then.

@erk1991

3 жыл бұрын

Are you wearing make up?

@pandorasbox7152

3 жыл бұрын

@@erk1991 no

@oldishandwoke-ish1181

3 жыл бұрын

My dad would say, stop voting Conservative.

@oldishandwoke-ish1181

3 жыл бұрын

@@erk1991 No, I never do when I'm retiring for the day.

It's the top 1% that's the problem. Greed is always a disaster. Bring back our manufacturing jobs, and rely on the US for our own stuff! Problem solved! The way it was before we flipped!

@rixille

3 жыл бұрын

The only issue is bringing back manufacturing will likely just be minimum wage jobs which won't give people the money they need to buy a home when maintenance/upkeep is chewing into their paychecks. Companies don't want to be bothered with paying factory workers a good salary when they can pay poor people overseas to do it. The threat of labor automation would also eliminate many factory jobs altogether.

@danre3369

3 жыл бұрын

Increasing minimum wage to 27/hr will also do that. An increase in minimum wage will cause wage increases across the board guaranteed. Which will lift millions of Americans out of poverty. We can reduce nearly every welfare program by at least 50%. Yes of course many businesses will go out of business. But do you think a business that has a 10% profit margin should be open for business. Just think of all the actual quality businesses that don't get clientele because some larger business like WALMART, with inferior items makes them too cheap for actual quality businesses to compete with. They destroyed competition so people would have no choice but to take their inferior items and pay. Poor Republicans need to realize these businesses won't increase wages until they are forced to. No amount of hard work on your part is going to change the fact that the capitalism business model is always profits first. And many businesses will do anything, wether it may be morally right or wrong to maintain the highest profit margins. Even at the expense of workers wages and benefits. Why is the 12th richest family in the U.S. also known as the owners of Walmart, have workers on government welfare programs? This is a multibillion dollar corporation. Because after lowering prices and selling cheap goods to eliminate competition, Walmart only has a 3% profit margin. Meaning just enough to exploit their lowest employees and make the top employees wealthy. Lets stop allowing the government to prop up bad businesses with labor exploitation and tax cuts.

You have two main things that drain people's accounts. Education and medical costs.

@santiagobardelli5675

5 жыл бұрын

Medicine in the us has been developed as a profitable business. I think healthcare system must be recreated as service as it is in rest of the developed world. You shouldnt bankrupt because you were ill. That is insane...

@Republican_Extremest

5 жыл бұрын

My wife and I work 80+ hours a week. That 10 hour days 6 days a week to make 65k annually.. We rent an apartment cause they say we cannot afford to purchase a forclosed home that costs 30k to buy. We are a dual income home. Both of us are putting in hours equivalent of 2 40 hour jobs each. We don't have credit cards, we own 1 car we don't live beyond our means and dont live lavish lives we are lucky if we have time at the end of the day to sit and eat dinner together. We got married 12 years ago and on our honeymoon my wife went to work because we couldnt afford to loose the money. We sacrifice all of our best years working to the Bone and as it looks now I'll have to be 75 before I could even consider retirement. I'm 40 now I have nothing to call a safety net. Dreams are best left as just that. A Dream. Cause the moment you try to realize your dream it becomes a nightmare. That's as American as it gets.

@markhooton815

5 жыл бұрын

I thought the major drain on income was insurance and taxes.

@PP-vf1kx

5 жыл бұрын

Muffin Top ...but my school days are over,n I’m fit as a fiddle!

@odinswar596

5 жыл бұрын

And taxes.

$120,000 a year and you’re struggling? GTFOH!

@alohatraveler

5 жыл бұрын

you're pretty much ignorant on the topic.

@lakorai2

5 жыл бұрын

Depends on where you live. $120k in Tenessee? Rich AF. 120k in San Francisco? You have 2-3 room mates and live in a community house. There is no way you will be able to afford your own home.

@johnjones4502

5 жыл бұрын

amazing display of common sense

@karapana8398

5 жыл бұрын

this is a talk of middle class, not working class.

21:36 "I think the lower class gets a lot more help from the government." You are the lower class. You declared bankruptcy. It's time to wake up and have some solidarity

@danre3369

3 жыл бұрын

Like honey. You can't afford groceries without coupons & sales. You are poor.

@capgemlib

3 жыл бұрын

She means black people. She definitely doesn't recognize herself as lower class.

I don't understand that one couple making 120k a year and has no children but they are still struggling economically?

When I was poor I lived in abandoned buildings with permission of the owners, just to protect the building. Only paying for electricity and water etc. I drove a 30 year old vw rabbit on waste cooking oil. And that wasnt even real poverty.

ditch the credit cards, buy less crap and live WITHIN your means or get more means

@ephraimwarrior6766

6 жыл бұрын

thats what we do we live in a mobli home in a small town is it nice to live in a mobll home no it not a house butt we own it and the lot rent is only 210. per month that is the price of rent in the 80s and we are happy

@mpaxton8991

6 жыл бұрын

I feel credit cards should be used for emergencies, not extra televisions for kids' rooms, x-box games, and eating out every night because you're too lazy to cook and clean dishes!

@tomortale2333

6 жыл бұрын

RIGHT ON

@miriambucholtz9315

6 жыл бұрын

What they seem to think is a state of desperation is how I've lived my entire life. Living paycheck to paycheck, buying necessities (not the sort of stuff that advertising tries to convince us are "must haves"), using credit cards for things like car repairs and the like, etc. I have always rented because I have never wanted to be financially tethered to a piece of property. I'm living on Social Security Retirement now and the only thing I can really complain about is having to do without things like needed physical therapy because I can't handle all the co-pays. I'm probably more at peace than some people who worry because they can't have the latest upgrades of stuff.

@MJLeger-yj1ww

6 жыл бұрын

Excellent advice but few, unfortunately, will follow it. It is true, however, that the middle class in America is dwindling. People need to learn to live within their means, how to economize, how to prevent illnesses by eating healthily, (which takes some real doing now!) how NOT to live beyond their means, and a whole lot of other things to consider. People are lazy, they don't WANT to economize where they need to IF they know how! "Keeping up with the Jones" has always been the norm with many people, an unnecessary and foolish way to perceive it because the 'Jones' are probably more in debt than they are!!

They betrayed their own people. That's sad

These are low key some great documentaries on a vast range of topics i didn't know I wanted to know about

Why is this narrator so monotone, is he suffering the great depression?

@christophercook723

6 жыл бұрын

LabRat6619 They tried a female and it was even worse. My ex wife's nick name is 3 horse. Nag, nag, nag!

@phreak761

3 жыл бұрын

@@orianna9200 😂

@jameslatimer1432

3 жыл бұрын

@@orianna9200 same in the UK my friend takecare buddy x good luck ,,

@jenniferharden2258

3 жыл бұрын

STOP it!😂

@oldishandwoke-ish1181

3 жыл бұрын

Not easy to be cheery and upbeat given the subject matter....

$120,000 a year...and.....they're having a tough time? what the hell is this?

@whyputaname

7 жыл бұрын

Buying more than what you can afford...

@vanlitespeed9325

7 жыл бұрын

mike coy Haha, screw off, if you have a hard time living off $140k u got major issues. I make less than half that and live perfectly happy and save quite a lot of my income, about 60% and still pay all my bills, your greed and wants consumes you!

@taunoctua245

7 жыл бұрын

Don't forget inflation. The grocery bill alone is twice what it was 2 and 1/2 years ago.

@barbaraolsem8671

7 жыл бұрын

I cannot imagine 200k/year not being enough. Perhaps some budgeting classes would help. How do you think folks who make less than 30k are able to survive? Those who make over 100k are the ones bitching about Obama care They're upset because they're not eligible for subsidies. Boohoo.,

@timsmith854

7 жыл бұрын

It is commonly known as never saving any of your income, buying the latest (insert gadget name). And living well beyond your means.

“You implement that NAFTA, the Mexican trade agreement, where they pay people a dollar an hour, have no health care, no retirement, no pollution controls, and you’re going to hear a giant sucking sound of jobs being pulled out of this country.” -- Ross Perot 1992

The Death Of HOPE....a major cause of what’s going on in the nation.

@chriswatts1701

3 жыл бұрын

Yes. Without it we have nothing.

@rkt81

3 жыл бұрын

If we look around, we can see who all we are feeding those who are irrelevant to our life. Too many entitled ones being fed at out expense, when we have less and less towards our retirement.

@timcisneros1351

3 жыл бұрын

Yes, Edward Abbey said it best.." Without hope there can be no Joy. Without joy there can be no courage. Without courage all other virtues are useless"

Even a college degree is a joke. I have 2 of them and forced to settle for jobs below my potential.

@oldtwinsna8347

7 жыл бұрын

Higher education in America is the biggest scam going on.

@rcworks9762

7 жыл бұрын

I work as an automotive tech, I make more than people with degrees. I am already training my 13 year old son to do the same and to keep his money live as a MGTOW.

@pwat7254

7 жыл бұрын

I started learning the Forex markets 4 months ago. Really can't imagine going back to a college or regular job.

@tehagan37

7 жыл бұрын

Once the government got involved it was down hill for higher education. Having a BA is the new high school diploma.

@MaryAllenjj

7 жыл бұрын

tehagan37 I completely agree with that

If me and my made $120k a year theres no way we would be broke no way!

@kylanoble8669

5 жыл бұрын

oneil york depends on where you live. California? ABSOLUTELY not. Indiana? You’re fine.

@sukisakain

4 жыл бұрын

Susan Kelly If you pay in full each statement you don’t get charged anything, and you earn points. The best way to use a credit card is treat it like a debit card or cash. Don’t buy it if you don’t have a money to pay for it. I have 6 credit cards to which I charge everything for the points. I have an 822 credit score and no debt. But then I am very mindful and follows a strict budget, which I make at least weekly. My person opinion is that if you can’t control your spending, you shouldn’t have a credit card. 😊 Now, if I only had the same discipline towards my diet...😂

@Imperial0666

4 жыл бұрын

@@kylanoble8669 $120k in Silicon Valley is the same as making $45k in Northwest Indiana.

@obadiahscave

4 жыл бұрын

Right, and if you want to save. You must live like you make 60,000 a year. When you actually make 120,000 a year.. "that's how you get ahead"... GET HUMBLE OR GO BROKE..!

I’m from India, now married and living in Australia. We are told from a kid never live above your means. Pay with cash most of your transactions, don’t take credit unless emergency.

@traskstoneworks

3 жыл бұрын

good on you Matilda, we never borrowed money on anything but real estate!

They invoked reagan, as they always do as an era of prosperity for the US and the middle class! But reagan, republicans, and conservative policy's helped to create the problems they're in! Manufacturing, made in USA, jobs exported, and how the rich avoid tax liability (off shore) happened under reagan, and corporation became a person under bush and restructuring of taxes! The richest 1% pay less taxes than any one in the middle class!!! Trump gave the rich tax breaks in order that they would reinvest in there people, instead, they bought back stock to enrich themselves!!! But as the narrator notes, the racist hypocritical view of the tea party, republicans, and conservative white america blames Obama!

@jotsingh8917

3 жыл бұрын

Amen, add a bloated pig called Military Industrial Complex with the army of lobbyist and retired generals feeding at taxpayer expense, creating nothing. Today, the pillars of the American economy are weapons, drugs, oil and money laundering.It is the Golden Age of government malfunction that may end with the implosion of this country. When an empire is collapsing that's when they are the most dangerous. The USS Corona Titanic is sinking fast. Fasten your seat belt when the dollar lost the reserve currency status.

@donalddrysdale1657

3 жыл бұрын

the beyond mega-rich cult behind these paid actors(presidents) probably used Obama just to further place the blame in the wrong place, but isn't it the public that really is to blame because it's the people who have kept voting this tyrannical cult in. i think white people were used as a sub-controller group by the cult, and David Icke has pointed out that mass immigration has been one of their control tactics for centuries, though the so-called multi-culturalism of the 80s has backed fired on them. it is clearly ALL of us that they have always seen as less than if anything at all.

As an over the road trucker I see how difficult it is .. I have been living in my eighteen wheeler since 2013 ( summer ) I managed to barely break the 50k barrier last year. I am separated, basically homeless, I purchased a used pickup truck with cash, I bought a used Harley ( Both over 18 years old. ) I don't see how anyone can make it with a family , house , and property. I can't see an Avenue for my retirement to be beneficial ..

@user-td7xf3gz4l

5 жыл бұрын

Dual income no kids.... do that for about 10 years then have kids if you want.... pretty simple stuff man. On 50k you should be able to save half of that. Next thing you know you've got a quarter million 10 years from now if you got a 0% roi & 0 raises.

@TheMundusvultdecipi

5 жыл бұрын

@@user-td7xf3gz4l Yeah you're stating the obvious basically. I have no kids, single, all my longtime girlfriends had no kids too and had no immediate desire to have kids (we preferred pets, haha). Actually I had two gf's who made more than me, I made around 100k and one of these made roughly 130k and in this case we lived in a huge old but very cheap (for that region) condo but because we intended not to have children, no marriage, we lived a pretty hedonistic lifestyle. Saving was not on the menu, haha. Twice a year holidays minimum, eating out all the time, never looking at prices while shopping but still at the end of the year we should have saved at least 20k/year as a couple with our salaries despite our spending habits yet usually we were more or less even. Often scratching our heads, where did all the money go?? But yeah on paper it looks "pretty simple" but if one is longing for a family it happens that they don't wait till the time would be right - strictly financially wise - but have children too early. And it's a risk like everything in life. You may end up in a messy divorce and as a man lose your kids and have to pay for years. You're fucked. I'm glad I'm no family guy and could never live with a woman together anyway these days.

@corhendriks1755

5 жыл бұрын

Hey man, get yourself a life! You consider yourself poor? Buying a Harley? Where's your brains? 98% of the people in the world are far worse off. Stop complaining .

@liliancaran5364

2 жыл бұрын

@@Jj-gi2uv Marriage isn't a big money spender, having kids is. Millenials are actually the first generation to wait significantly longer to get married, average is late 20s - early 30s now

@garybulwinkle82

Жыл бұрын

@@liliancaran5364 Women spend a lot of money!!! If you're not spending money on your wife, they will leave you for greener pastures! A single man should be able to work on himself and save his resources to invest in the future. Getting mixed up with a woman when young is the ticket to poverty and stress! A man has to learn how to keep his pants zipped up!!

" the way to destroy the middle class is to grind them between the millstones of taxation and inflation." - vladimir lenin.

@americaneagle7777

4 жыл бұрын

@Gert van der Horst agree, sounds like a bs quote

@americaneagle7777

4 жыл бұрын

@Gert van der Horst - so called 'military communism' and 'red terror' was indeed started by Lenin (with Trotskiy being hist 1st lieutenant). Millions of people did even before uncle Joe took the rein. The whole country took devilish turn in 20th century in big part because of lenin. stalin just built and expand. Myself being Russian wishing Russian history can be rewritten

@oldishandwoke-ish1181

3 жыл бұрын

And to give the richest endless tax cuts so that the working people bear an ever heavier load. We need to tax the 1%....

@debbieyiap6114

3 жыл бұрын

@@oldishandwoke-ish1181 said

@vicdor1031

3 жыл бұрын

@@americaneagle7777 Lenin and Stalin - however you like or hate them, created a great country which was the first to launch a manned rocket and defeated fascism. The backward tsarist Russia with pogroms - a prison of nations.

We really never came out of the recession. We haven't recovered/gone back to that point.

Is how you spend it... Everything, time, money, brain.. So on...

when you get old and near death u'll stop worrying about anything.

@vincentfalsitta5332

4 жыл бұрын

thrue out my years I've never had a credit card. yes I had depth. but never the depth that those who had credit cards. and what bothers me the most is all these banks that are giving people credit cards that had claimed bankruptcy is still giving it all out again.if theres a sale on merchandise .and you don't have the money for it at the moment. than you wait till you have it to purchase that item. simple as that.

@barbaraleszczynski2214

4 жыл бұрын

I agree but sadly I guess. .......My days are truly numbered and life has not been easy, financial struggles have been many and trying. I wish I could have done more....but it's much too late now. I'm tired..........and I hope that I have not hurt anyone in my struggles. God's blessing to all!

@cedricliggins7528

3 жыл бұрын

@@barbaraleszczynski2214 God bless Barbara

@kidneycarecoaching3766

3 жыл бұрын

Preach...

@LabRat6619

3 жыл бұрын

Hey man its been a year, you still with us??

The middle class needs Dave Ramsey. Relying on debt to fund your lifestyle, is no way to live.

@KCFlyer2

5 жыл бұрын

Good for you. Should you get an email at work telling you to not show up as your job no longer exists, Dave has an excellent bean recipe he'd be willing to sell you to help you get by.

@8:04 sounds like the most concise explanation I've heard at the same time, things have changed though, but i think that is a precise explination

Some things I've learned so far. 1. Don't have kids you can't afford. Biggest mistake people make. Having kids is EASY. Paying for them is not. 2. Stay healthy through prevention/healthy habits. Nip health issues in the bud early on. 3. Live minimalistically; Live off of 1/2 or 2/3 your income and save the rest. Know your limits and realistic budget. Some other misc tips; -DIY vehicle maintenance; KZread can teach you the basics; oil, coolant, filters, tires. -Prevention is key; Find problems early (vehicle issues incoming, health problems worsening, or a debt you can't pay piling up) and deal with them before they get bad. -Pay cash, don't finance with money you don't have. My general rule is to only finance one thing at a time, ever, if I have to (helps build credit), and it must be a payment I can afford; currently I just have a $100 motorcycle payment/mo. I own all my other vehicles/phone/etc outright. Context: I'm 24. Single. Renting with my brother. I'm a cook (~$12/hr). Planning to possibly buy a house for myself in the next 5 years or so after I get into a trade.

A lot of pertinent and ‘spot-on’ comments here, but let’s be fair, folks. $120k is not the same in Boston as in Burlington, Iowa.

@user-td7xf3gz4l

5 жыл бұрын

Very true sir

@klaralee98

5 жыл бұрын

But you can live.

@MiriamPrell

5 жыл бұрын

...and it would be unlikely this family's income would be $120k in Burlington, IA. It would be more likely much less due to the types opportunities in the latter location.

Im an engineer in california and making what i once thought was good money... But im poorer than my parents, who were immigrants with no education. My house is smaller and just as old. I will not be able to send my kids to college... Im on youtube looking at RV living to be able to save for retirement.. What is middle class???

@chamsali9289

6 жыл бұрын

Muhammad Vaj Don’t send your kids to college. I won’t pay for a worthless college degree for my kid. If he wants to go to college he can pay for it ( he is still young). Life is absolutely ridiculous. Just retire in a third world country and enjoy your brief time on earth.

@chineseslaves1971

6 жыл бұрын

Move

@costnukhta

5 жыл бұрын

move to more cheap state =)

@erickorn5691

5 жыл бұрын

Yeah, engineering is for sure not what it once was. Sure its a great income, but just a generation ago it was an excellent income.

@item6931

5 жыл бұрын

When I was young engineering was sold to me as a ticket to a comfortable life but it has gradually become much less worthwhile. I can't really put my finger on the reasons why, but it sure ain't what it used to be.

"You can feel richer if you want less." Hmmm, interesting theory. So hard for many to put into practice.

@traskstoneworks

3 жыл бұрын

Right on Irina! we are worth over two million and we live on around $1000 a month our biggest bill is property taxes followed by insurance!

Wow, this video is beautiful and inspiring!

@capgemlib

3 жыл бұрын

You're being sarcastic, right?

I live in NY City and with 120k year you can live comfortably just a total mismanagement of money.

@georgekafantaris7807

6 жыл бұрын

but u buy chinese products,,,u should only earn $15,000

@mariekatherine5238

6 жыл бұрын

I also live in NYC on $30,500 year before taxes. I moonlight, do without TV, computer, stove, frig, buy only used clothes, or alter castaways, all furniture in my tiny apt. came from streets on trash days. Don't eat out, instead, I walk, ride bicycle, or public transport. It's very simple. Live within your means, however meager. Only semi-luxury is a tablet

@russellloomis4376

6 жыл бұрын

This is crap I feel sorry for these people but will you be on your means. I live in California I make 80000 a year sometimes 100 thousand I'm able to keep my wife at home we have savings we don't go on vacations but how many families do anyway.

@shwt121

6 жыл бұрын

How many people get opportunity for 120,000 @ yr.?

@shwt121

6 жыл бұрын

That is VERY comfortable........you should try 25 to 30k @ year...for a family of four!!

Hold up, George is the owner of a franchise owner in multiple locations, and is still struggling? I think you need to change your accountant, cause people are stealing from you my friend.

@infinitymfg5397

4 жыл бұрын

I agree, I had a hard time empathizing with that as well. Once they stated those creds they should have given more details on how he got into that situation.

@Healingandchoices

4 жыл бұрын

Taxes are upwards of 60 percent on business owners plus other expenses. So started income is inclined to be pretaxed

In a materialistic society humans and llfe don´t matter obviously. The american dream is just that, a dream...

@alexisalexander9037

3 жыл бұрын

It was stolen.

@rkt81

3 жыл бұрын

Yup, 100k earning cops, are all that is needed to walk in the midst of distressed people, who are going through financial burden, drug addiction or mental health. All you need is some one to pull the trigger, because they don't behave as expected in a society.

I graduated high school in 1980. I worked for 4 yrs. at a furniture manufacturer in Ravenna,Oh. They had there since 1956. They closed in 1984. My first experience with un-employment. Ron Reagan was President.

until the middle class and poor work together its going to get worse,.let's stop talking and go put something on all those senators and congressmen who are making the rich richer and the poor poorer.

@aaron081080

6 жыл бұрын

"...senators and congressmen who are making the rich richer and the poor poorer." Yes my friend, that is a big part of the problem. It's sad. People are heartless. Just full of greed.

Rice and beans and beans and rice...……………….

@LouMontana-wc7nr

4 жыл бұрын

Ronald Regan broke unions and shipped jobs overseas. George W. Bush opened the flood gates on illegal immigration and destroyed wages and benefits. Paul Ryan and Marco Rubio destroyed the original Obamacare. Mitch McConnell stopped benefits for vets. Paul Rayn and Trump put the tax burden solely on the working families of America. Trump is going to kill the Social Security system for the sake of the wealthy.

@MrHistory269

4 жыл бұрын

Ahh yes Dave Ramsey my money Jesus

@hydrolito

3 жыл бұрын

Potatoes, chicken, and vegetables exist.

@hydrolito

3 жыл бұрын

@@LouMontana-wc7nr Joe Biden is planning to bankrupt coal and oil industry so no more electricity and driving.

@LouMontana-wc7nr

3 жыл бұрын

@@hydrolito Wyoming owns the coal industry. They legislated years ago for clean coal and let Obama take the blame, thank Dick Cheney for that one. While we are at it, fracking killed coal as well. Dick Cheney legislated to lift regulations and won, so Dick Cheney did it again. GWBush pushed the windmills and solar to make up for being such a fuk-up! My home is 100% solar and we have a natural gas furnace that only gets turned on for a half-hour in the mornings. Trump took Obama's economy (which was very fragile) and revved it into the ground. In September 2019 the economy began to collapse. The Federal Reserve was sending out $200 billion dollars a week to keep the banks afloat. They are still doing it today. Trump's economy was nothing more than his brand name and Wall street banked heavily on it. Trump gave the wealthy nearly a trillion in tax breaks and put the tax burden on the working class. The Powell memorandum, 1974, should be read and understood by all Americans. It is a conservative guideline to keep the wealthy in control of the masses. Conservatives keep their people under control with hate and fear. Socialism is bad but they keep getting bailed out. Socialized medicine is bad but they keep raising prices and profiting from it. YOU and your Trump-loving fool buddies are doomed. You are too stupid to see who is screwing you!

There is no viable hope for change in the socioeconomic situation of the U.S. We came from abroad, and will probably be moving abroad again. It's disconcerting.

@donalddrysdale1657

3 жыл бұрын

well, i think it's were the cult behind all this has their thumb on every major country now--it is almost impossible to say what is going to be right now. i have no question that a major pulling down of this cults structure is going have to happen if there is any future anywhere for anyone.

@beautifulspirit7420

3 жыл бұрын

Yes, we lived in Germany and once our kids are through college we are moving back to Europe (we encourage them to go to Germany now as college is free there, even for Americans).

Living beyond their means. Is not an excuse..

Companies don’t want to pay a living wage!! I’m barely making more than I was 20 years ago, and I even have my AAS degree!!! I spent over $1,800 to become a certified medical coder, but I couldn’t find anyone to employ me!! Instead, I’m working as a buyer for a telecommunications company...making bread crumbs for 40 hours of work!! At least I do have health insurance, but that alone costs me $240/month...not including copays and medicines! My healthcare costs over $350/month!!! That’s ridiculous!!

@Rickwmc

3 жыл бұрын

Bingo. I, too, trained to be a medical coder (6 months school plus a state certificate). I job hunted for a year with doctors, clinics and hospitals. Nothing but dead silence. I opened up a home business - one customer in 4 months - then the phone bill killed off my business. Same thing with medical billing, EKG tech, ultrasound tech. Finally, I worked as a loan debt collector (ugh!) and a telemarketer (oof!). All this is not your fault, it is not my fault. It 's the system. Good luck.

@MoonChild-nw6oy

3 жыл бұрын

cancel it

@kidneycarecoaching3766

3 жыл бұрын

That’s cheap...

@hedyeherfani5729

3 жыл бұрын

It's obviously because you only have an Associate's degree. How do you expect that level of education to get you far? This is not the 2000s anymore. Bachelors and Masters degrees will get you better pay. Maybe consider going into nursing?

@jean-lucm9115

3 жыл бұрын

@@hedyeherfani5729 ah yes go into deeper debt. Always best solutions Americans have

It also should be noted that, it's hard to save money because of absurdly high utilities and high rent costs. The only real way to truly save money would be to live with three or four other working roommates and hope you don't get a terrible illness or accident. In fact a lot of young adults are still living with relatives because of this.

@wanelly

6 жыл бұрын

blackdragon6 diseases? What do you mean? That’s a lame excuse to put up. Don’t you mingle w/t others in work place, subway, and other public places?

@sharontaylor3890

5 жыл бұрын

@@wanelly -- Why do you scoff? I had planned on working well into my 70s or 80s like others in my family, so in my 40s I had never gotten serious about saving for retirement. Then unexpectedly, I was diagnosed with a medical problem that forced me to apply for disability. I refused to do that at first, however, until I could work so little that it lowered the amount of money I got in Social Security Disability payments, when I finally broke down and filed. Now I'm on a fixed income with no savings and in pain 24/7, and the government has made it nearly impossible to get pain pills. I can barely walk, let alone work, though I was put on OxyContin for a while and it helped so much that I updated my resume and looked for a job. But now OxyContin is nearly impossible to get and it was the only thing able to control my pain. Each letter I type here hurts my hand and my neck, shoulder, and back are in terrible pain, too. I wake up all night due to pain, as well, so holding a job has become impossible unless (possibly) the government lets people like me be able to get effective pain control. Even then, I wonder who would hire somebody that needs OxyContin to be able to function. Note -- People who take these drugs for pain as bad as mine, and who follow prescription instructions, do NOT get "high" from the drug. We just function better and can even think more clearly when not in pain.

@wanelly

5 жыл бұрын

Sharon Taylor phew! So your later teens, twenties, and thirties were basically wasted. Too bad your plan didn’t pan out as you had thought. Basically, you started functioning as an adult in your 40s and just when you did, disability “swept you off your feet”. Like they say in physics; every action has a reaction and some reactions have a catalyst to them. I’d say a player to your cause but unfortunately I don’t believe in players. At least there is a government “tit to suck on (disability checks”. All will be well.

@rnupnorthbrrrsm6123

5 жыл бұрын

And may I ask what kind of medical condition did you acquire that you have to live on oxy and disability ???

@BrandonCCB

5 жыл бұрын

I am 34 and still live with my parents

Watching videos like this about the rising poverty and every 10 minutes or so commercial interruptions of new smartphones that costs about 1500$. It makes you think.

@user-mu5zs8vx8y

3 жыл бұрын

Consumerism

@tomaspettersson4257

3 жыл бұрын

@@user-mu5zs8vx8y Exactly

I'm 68 yrs, from Scotland.(Retired at 61)I came from a family of eleven children. My father was unemployed through ill health, my mother didn't work. I was in full time education from 5 yrs to 23yrs. The Gov't paid everything, including a bursary for my keep throughout. Thirty years ago, I completed a degree in computing, my employer paid for it. "Everyone" has free health care, prescriptions etc. We have free travel within Scotland for the over 60's. None of my family really want for anything. We still complain though. Figure that.

@jianquanma

3 жыл бұрын

you should feel proud for your country sir

@robertdivany1627

3 жыл бұрын

How can a country afford to pay for all that .I guess there is no corruption in Scotland. Because here in the USA 🇺🇸 .every politician is corrup to the bone

@patsavage1245

3 жыл бұрын

@@robertdivany1627 Politics is, by nature, corrupt. We pay through being taxed at source. The more you earn the more you pay.

Someone needs to poke the narrator and wake him up.

3:10 120k a year...That is probably more than 98% or earth's population.

@leandromerlin4326

3 жыл бұрын

True

@Carlos_Jzx

3 жыл бұрын

Wait until you get to 22:00 mark were this lady says poor ppl get more help from the government.🤦🏽‍♂️

@Carlos_Jzx

3 жыл бұрын

@Meg Fargo Are you 4 real!!!

@Carlos_Jzx

3 жыл бұрын

@Meg Fargo I didn't get your answer but do you agree with what the lady said on the video?

@sid35gb

3 жыл бұрын

If you have running water in your house you ahead of a large part of the global population.

You NEVER use your retirement fund to send your kids to college. Huge mistake!!!

The only way you are going to be able to do this is to all live under one roof...HOUSE UP❤

so he gambled all his money on the stock market and lost........ If you walk into a casino, with all your savings, you have to be prepared to lose it all. Had he won the stockmarket jackpot...he would be living in that dream home.

@JuwanBuchanan

7 жыл бұрын

+Nyran Stanton Huge risk, high reward

When you read the comments on videos like this you realized that they've succeeded in getting the poor to hate each other. That's the most difficult step it's all downhill from there.

@cherrybun2479

4 жыл бұрын

Best comment on here. Divide and conquer! It has worked for centuries, unfortunately.

@BillieJolene1

4 жыл бұрын

I know for sure. I went from middle class to HOMELESS. And have met MANY people from the middle class in the shelter. They won't admit it. They're ashamed. Well I'm not. Like seriously, there are entire families living in shelters. And now those of us who work are victims of extortion

@roachnomorelies9603

4 жыл бұрын

Lol us poor never hate on eachother we hate on the rich keep take n riseing prices and ppl that vote allow it to happen and yall crying to be poor🤣🤣🤣🤣welcome to our word no worries be just fine🤣🤣🤣

@gr8macaw1

4 жыл бұрын

they have convinced people to hate one another when the people should be hating them.

@MrHistory269

4 жыл бұрын

Exactly the poor and middle class keep fighting among themselves on party lines but it’s the corporation and both parties who are killing us

I worked for a major corp for 3 decades (till 2008) and my job finally was off-shored ; heck, I even got to train my replacements. I now work twice as hard for half the pay.

goes and tells god knows who on the internet that people leave their doors unlocked... shoulve just left that part out lmao 🤣