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@roxaskinghearts

2 жыл бұрын

Death is about to end tho thanks to obama and the human connectome project we have proven everything on monkeys and now in clinical trial on a alzhimers patient wirelessly im referring to a true brain to computer interface utilizing microwaves so wireless mindcontrol or full dive virtual reality we even have brain os that lets us write on your mind quite literally there are economic boons like these on the way and i recommend everyone prepare for them because as we proven and stated before America theres no stopping the march forward enjoy the memory i uploaded of bacon I dont need to be wealthy a spaceship and body is all i want or can afford

@user-tf5uk1rc5j

2 жыл бұрын

40K on interest yearly to live on and a fully paid home in America is rich. You're not filthy stinking rich but you're still rich. Living in a home right now with today's modern amenities is far better than what Andrew Carnegie are Rockefeller had back in their day during the peak of their wealth. If I had to choose one or the other I would definitely choose 40K a year.

@freedomdude5420

Жыл бұрын

Why do people get so angry when you tell them you can’t do something because of circumstance?

@jordancambridge4106

Жыл бұрын

One of the richest people to ever live is Donald Trump. Donald Trump got his first job when he was 8 years old and he opened a lemonade stand with his 3 older sisters. He took the money he made from that and bought himself a Radio Wagen and a Colman Cooler and he bought a bag of ice and went to a Coca Cola distributer and then walked 50 to 300 miles each day he could to sell the Coca Cola to construction workers, police, and anyone who wanted a cold iced drink during the day. For 5 years Trump busted his ass walking his ass off selling drinks and learning the tools of the trade of construction and everything he could about real estate. Then when Trump turned 18 he found the perfect opportunity in which he could fix up a building and re sell it for a profit but he needed $380,000 to buy it and fix it up but he only had $80,000 so he talked to his dad to ask for help. His dad and his dads construction friends because here is the reality Trumps father was an iron worker also known as a beam walker in which he busted his ass as a grunt construction worker building the buildings by welding the metal beams together and was in no way rich at all. So Trump's father and his friends risked their life for Trump by going to the mob and asking to borrow money which if you know anything about the mob if you do not pay they kill you. So Trump got the money in which he risked his life to get that victory and Trump bought the building and with his father and his family friends fixed that building and Trump sold it to a compony out of America to get its footing in America and Trump then used the money he made to do the same thing to about 30 other buildings and paid back the money, gave everyone who helped him $1,000,000 each and he himself maid $1,000,000 within less than 1 year and then Trump used that money he maid to buy and build his own empire and within 5 years he became a solid millionaire by literally risking his life, busting his ass to the point of insanity and for literally years he spends less than 2 to 4 hours a day sleeping and blatantly works 16 to 28 hours a day which seems impossible but when you look at the fact that he literally works for 28 hours straight without sleep and he works 7 days a week every week of his fucking life. Sure he takes vacations but even when he is on vacation he busts his ass. Trump owns so many buildings and companies he literally has had to kill himself busting his ass to the point that he does not sleep and does not have the time to sit down for a home cooked meal but instead he literally will stop at random fast food or pop up stands to eat do to the fact that he is so busy that he has not actual schedule to sit and eat and literally eats while busting his fucking ass working. Hell even at the white house the late night staff were horrified at how he was still doing paper work from the time they got to work at midnight and when they were leaving to go home at 9 am and Trump then had meeting the entire fucking next day and he was literally in meetings the day before and had done 2 speeches that lasted 4 plus hours each the day before and Trump was running out of the midnight oil because he burnt threw it all working 300 hours days without sleep. Yea to be rich you have to literally kill your social life and kill your sleep schedule. To be rich you have to have no fucking life outside of work. I would rather be poor than obliterate my life working it away. Hell when I worked at a grocery store I saw my managers there from the time I got there and they had already been there for hours and they were there when I left which was after I got off work. The average hourly work schedule of a manger is 16 hours a day because they have to aid in clocking people in and clocking people out. The rich are not as well off as people think they are. Sure a rich person has a lot of money but in order to get that money you have to destroy your life by literally being one with no life outside of work. People who are rich from work generally do not live as long and are extremely depressed and suffering in their soul.

@rerikm

7 ай бұрын

thanks for helping me save thousands of dollars on therapy. I decided to just give up in life after watching this video. Cheers!

You can’t stop me from trying tho

@Nkdbattlerap

Жыл бұрын

Amen!!!

@Dark_Souls_3

Жыл бұрын

He can’t, but I will

@almaximus03

Жыл бұрын

Amen!!!

@argongamer8986

Жыл бұрын

​@@Dark_Souls_3 All hail DARK SOULS

@kevinclass2010

Жыл бұрын

You can is you own a business and sacrifice your youth

I love a healthy dose of reality.

@CosmicLionKai

2 жыл бұрын

More like red pill depression.

@HudsonHandel

2 жыл бұрын

@@CosmicLionKai It's only depression if you don't know how to deal with it. Your accuracy in life is dependent on disabusing yourself of your delusions.

@dospik

2 жыл бұрын

@@HudsonHandel Daaaaaaamn, nice phrase.

@j0nrages851

2 жыл бұрын

As long as it's healthy and not crippling lol

@HudsonHandel

2 жыл бұрын

@@j0nrages851 Of course. Clinical depression needs to be treated like the serious affliction that it is. But being sad because you won't be filthy rich is just childish. Refraiming what is meaningful to you is now the quest. "So many wonderful things that I do not want" -Socrates

"How Money Works is where dreams come to die" That's why I like this channel

@CorinthianIvory

2 жыл бұрын

I love how he slowly crushes my dreams like the boot of a tyrant on the back of a squirrel

@freedomdude5420

Жыл бұрын

@@CorinthianIvory so not supposed to be like that but that’s what it is.

@Hubcool367

Жыл бұрын

Right? Ironically, I find a "painful" truth is more comforting than a comforting lie. I don't know how people eat up all of that "you could be rich tomorrow if you were just 1% less dumb" stuff without feeling terribly depressed, inadequate. Getting told that something that has proven impossible for you is actually so easy, if you just sucked a little less, that's not "motivational", that's gaslighting.

@voldibayizitunda2178

Жыл бұрын

@@Hubcool367 Facts. People should know what you are saying

@loyaltycoker6400

Жыл бұрын

Exactly, he just feeds you the hot soup 😌

I remember my finance teacher asking us if we were all going to millionaires, he stated that all hands should be raised up because that was what it was going to take to have a decent retirement.

@rafizxDx

Жыл бұрын

Nowadays you actually need more like 10 million, at a minimum 5.

@yoshimurahirihito

Жыл бұрын

@@rafizxDx If you live in socal sure, most places 1 will still work.

@no_more_spamplease5121

11 ай бұрын

Just move to a Latin American country with a cheap cost of living (like Brazil) after you retire. In Latin America, you'll be fine with your dollars.

@brendonw456

11 ай бұрын

​@@rafizxDx You seriously think you need FIVE million at a MINIMUM? That's the most out of touch statement I've ever read. 4% of that is $200,000 a year for 25 years. What kind of greedy ass lifestyle are you living that 200k is a NECESSITY for you to live comfortably?

@patty109109

7 ай бұрын

@@rafizxDx that’s nonsense, though, isn’t it. $5m is equivalent to $200k year income, when you have no dependents and a paid off house. It’s a silly number to mandate as needed.

"Nobody wants to buy a course on building wealth through a 40 year career in medicine."...ain't that the truth?!

@stevecooper7883

2 жыл бұрын

The intellectual capacity of individuals will be one of the largest dividing factors in our society

@imCurveee

2 жыл бұрын

Why would you do that when your parents tell you that for free? Lol

@Purpless_ON

2 жыл бұрын

@@imCurveee NO one wants to hear the god dammed truth. thats why, no one wants to hear that the biggest secret to wealth, time, it takes 40 years and all your blood sweat and tears to make it, if you grew up poor. People want to be rich in their 20's-30's and have fun with it not when they are 60-70, but thats just not how it works.

@laur-unstagenameactuallyca1587

2 жыл бұрын

@@Purpless_ON truth.

@sarahpeterson2702

2 жыл бұрын

you can easily clear 250-600k in the first few years of medicine, if you don't spend any and save it you can retire by 35 or so and live on 100k interest for the rest of your life.

I was a financial adviser for many years and I can't tell you how true this video is. I used to have to do suitability by federal law which means I had to ask what people made and almost every millionaire I dealt with income was over 250000. Even more notable was most millionares didn't understand basic investing. Trust me they got more help then the average Joe.

@Robbedem

2 жыл бұрын

I thnik part is that people that earn a lot of money via work, don't have much time/motivation to invest. If you work 60 hours per week (or more) on a demanding job, you want to relax when you get home. You don't want to work another hour on your finances. ;)

@Demmrir

2 жыл бұрын

I make $250,000 a year, have worked for 15 years to get here, and I'm STILL not worth a million if you don't count my house. Soon. But yeah, it's all about either 1) income or even better 2) inheriting millions.

@daszieher

2 жыл бұрын

@@Demmrir inheriting is preferable as it is waaaay more comfortable. I've seen it with friends. My buddy is the fourth generation that does not need to work. Their portfolio is so well stacked that they live purely off of the dividends.

@tanzeemali6450

2 жыл бұрын

@@daszieher Does he have bad spending habits though?

@Tonixxy

2 жыл бұрын

@@Demmrir you won't but your kid will be. It always took multiple generations. My great grandfather started with this mindset and now we are 1% in my country.

Remote work has been the best thing to reduce lifestyle inflation in software engineering. No need to live in an expensive city; no need to spend significant sums of money to look great. I hope this trend continues in other fields, since it has really helped to keep a low-spending lifestyle while making the same money as before.

@EdubSi

2 жыл бұрын

I litteraly save my commute costs to the Office. No more savings here. And I gotta pay the Coffee and electricy at home. Must be I am even spending more staying at home. And I'll buy a new desk soon. So yeah thats a minus for me.

@xXIronSwanXx

2 жыл бұрын

I could not agree more though I am not a software engineer. Thank you for the added courtesy that you wish for all industries to continue the WFA trend.

@j.asmrgaming1228

2 жыл бұрын

Agreed, and as stated below when we worked remote I saved between 1-200 dollars a month on gas. While not too much just starting off my career it's not a bad "raise"

@j.asmrgaming1228

2 жыл бұрын

@Dalton Black I mean, while it's fun and hip to give all the boomer business people pitchforks not many of them or people in general are wringing their hands thinking of ways to actively harm others. Technology has given the ability to work from home and the older generation are slower to pick up on new trends just like we probably will be as we get older. It's dangerous to just blanket think that older people are evil.

@Poverty_Welder

2 жыл бұрын

I cant wait till they bring work from home to the manuel labor department

Anyone who says money doesn’t buy happiness isn’t a poor person. Being rich is 100% better then being poor. That is a fact.

@blacklyfe5543

4 ай бұрын

Damn right being poor makes you unhappy and unhealthy.

@francomay3963

18 күн бұрын

Thats right only from very poor to kindof comfortable. Beyond that point, your personality and attitude plays a way more important role than income

I am an independent house cleaner and my husband is in appliance repair. We do pretty well but to us that looks like: 1300 sq ft home, 2013 Honda Odyssey, being able to splurge on food, go on modest vacations, and taking the kids to Chuckee Cheese every now and then. Happiness is not in THINGS. Do you REALLY need a 3000 sq ft house and a new car? To me happiness is taking my time cleaning a house while listening to podcasts, being able to not schedule houses on Fridays, and not working myself to death so I can keep up with the Johnsons.

@jarvisaddison8560

2 жыл бұрын

Thanks for the honest statement

@yiweilee2715

Жыл бұрын

i agree with you

@user-gn5do5yq6s

4 ай бұрын

1300 sq ft considers as villa in my country😂

Really appreciate the no-nonsense this channel provides. I can never get behind the other finance youtubers out there because they just feel like the physical embodiment of survivorship bias. And (anecdotally) you're totally right. I make 6 figures as an engineer, as yeah I'm not destitute or anything, but I wouldn't say I'm on the fast track to financial independence.

@eliteffsquadron9932

2 жыл бұрын

I agree with you mate

@ShadowebEB

2 жыл бұрын

I used to follow a channel (I forgot the name) where the guy was updating his portfolio amount on every video for passive income. But then the numbers didn't really add up, his portfolio was growing mainly because he was injecting money into it on a regular basis, ok that's how you should do things, but the guy had a 6 figure income, his audience not necessarily. So that's a bit he doesn't really say in his videos, just pretending that his way of doing passive income is the best.

@Dom-xi8je

2 жыл бұрын

Then you my friend are suffering from user error. You just want a struggle you don’t have.

@Astillion

2 жыл бұрын

Sounds like you're suffering from lifestyle inflation. If you cut your expenses you could be on the fast track to financial independence. I was just over half way to having a 6 figure income when I was working the most, but I managed to reach financial independence anyway. Because I've avoided most of that lifestyle inflation.

@daltonstichtenoth8467

2 жыл бұрын

@@Astillion I promise you, the only way I could cut my expenditure any more is if I stopped eating every day. I just live in a very high cost of living area and I can't really move due to my work.

Thank you! I was in a crypto sub on reddit. Everyone was spouting off about how they were going to be millionaires and buy lambos. I chimed in stating that I'm a millionaire, and I still go to work and save like everyone else, and That a million dollars wasn't $hit. You'd think I'd had told everyone I ate my own children with the amount of hate I got. No one wanted to hear that a million dollars doesn't make you rich. It reminded me of that quote that "most people say they want to make a million dollars, but most really just want to SPEND a million dollars, and these are 2 very different things."

@iitdream4901

2 жыл бұрын

Reddit crypto Members have a average iq of 19 lol btw last quote was really inspiring

@ToblerX

2 жыл бұрын

@@iitdream4901 I think 19 is generous. Glad you like the quote. Edit: it's from "Psychology of money" by Morgan Housel. I misquoted, but same principle.

@iitdream4901

2 жыл бұрын

@@ToblerX thank you 😊 CT Wealth for spending your precious time on a comment thanking you agian

@robotraider

Жыл бұрын

So you just bragged about being relatively Rich to a bunch of teenagers? A million dollars is an incredible amount of money and to most people, being out out of poverty and owning their own home, car and the like is insane. We're not talking about 15 year olds who bought dogecoin cos Elon said so.

@LoLaSn

Жыл бұрын

Having a million dollars would lift a lot of anxiety and uncertainty by offering financial stability and safety

I read the millionaire next door twenty years ago. I finally got to a household net worth of $1M. I do attribute its long term disciplined saving approach to my mindset. This video is very accurate. I don’t feel rich at all; $1M isn’t what it used to be, it’s all in retirement and only worth $40k/year anyway. Our income is high but after money spent on family we have surprisingly little left.

@fuzzypanda1684

6 ай бұрын

Even if you made more, you'd acclimate to it insanely quickly. Case in point, my best friend grew up pretty poor. In college he upgraded his 20 year old $500 Ford Escort to a 15 year old $950 Toyota Camry and was proud of it. Now he works at Google, makes well into the 6 figures, was given a $1.5 million+ home by his wife's parents as a wedding gift, has over $100k in the bank, over $300k invested, yet he told me the other day that a married couple they know who make over $2 million/year are always broke because they spend it all, and he understands why they do so. I'm completely dumbfounded that anyone could spend $2 million a year, but for him, it's completely understandable, and he feels poor because he only makes a few hundred thousand a year while they make millions. Acclimation to your situation ensures that no matter what you achieve, you'll ALWAYS want more.

@blacklyfe5543

4 ай бұрын

This video is bs

Conclusion is true because it nearly impossible to be the 1% but financially comfortable is a much more desirable goal which is achievable

@lam7499

2 жыл бұрын

It seems like part of the issue is the inconsistent definition of the word 'rich' I'd consider $40,000 annually to be rich, especially if I didn't actively work for it

@YoungMaskedRedYoutub

2 жыл бұрын

I 100% agree with you. I personally don't want to be rich. Frankly I'm happy being in the middle class with the hobbies and adventures I go on. I do wish yo retire early, which is achievable for me if I stick with my current career

@kevinschultz6091

2 жыл бұрын

Also note that some form of social security (even a reduced amount) will likely be in there; as such, you can reasonably tack on another 20k to that. 60k/year (likely tax-advantaged), with no need to save for the future, and probably a house already paid for? That's actually pretty good.

@BTrain-is8ch

2 жыл бұрын

@@kevinschultz6091 It's a silly conclusion because the only people that need to be rich in this way are already rich in this way. The median American worker making 35k/year doesn't need to become a millionaire or 1%er to be comfortable.

@Anonymous-md2qp

2 жыл бұрын

@@lam7499 I completely agree. A person who is working in a stressful job 70 hours a week plus commuting for $240,000 is very different to earning $40,000 with no stress and no commuting.

That "lifestyle inflation" is a big one. I used to live in a city, but found I was not happy as I was constantly surrounded by people who had nicer things and more money than I did. It's a constant reminder of your own inadequacy. I moved to a rural town and increased my commute, but am much happier and less inclined to compare myself to others. Around here, the millionaires all wear overalls covered in dirt and grease and drive old pickup trucks, so I never find myself getting jealous. :)

@theonlyakuma

2 жыл бұрын

my friend, Sahk Deek, lives in India so im never jealous!

@ShadowebEB

2 жыл бұрын

Long commute is a deal breaker for me!

@jhutt8002

2 жыл бұрын

This is what I did too. Life is so much better here in backwoods. This is also why being engineer is great. You get nice salary and no one cares how you look as long as you're being professional.

@lonestarr1490

2 жыл бұрын

@@ShadowebEB Welcome to America. This country was built for you... ... where by "you" I mean your car.

@ShadowebEB

2 жыл бұрын

@@lonestarr1490 I don't live in that shithole, I'm in London.

Thank you for being real and honest. KZread is such a deceptive space where people pretend to be rich so they can actually get rich.

@WordOut.

10 ай бұрын

The guru's are selling dreams

My ideal 'retirement' is scrimping, getting to around $600k, then getting a part-time job I actually enjoy. I think it's achievable, only due to that last bit xD

@vcvitiko

2 жыл бұрын

Indeed

@IFearlessINinja

2 жыл бұрын

Wouldn't it make more sense to get a career in a field you actually enjoy? You can make good money and be happy all in one

@atlasmailbot4633

2 жыл бұрын

You should watch his "Why you want a boring job" video

@bwdrives

2 жыл бұрын

@@IFearlessINinja I second the comment above, watch the boring job video lol

Most of us already knew this, i didn't become software engineer over becoming a physicist because i wanted to be poor my entire life, and i always hated when my family said "just finish anything it will work itself out" no it won't.

@colorpg152

2 жыл бұрын

"just finish anything it will work itself out" god this phrase I hate it

@TPeters321

2 жыл бұрын

To the young people out there starting college or about to, do not pick a major just because you feel you ought to. I know so many people who absolutely and literally hate their lives because they just went with "something". When I was 18, I knew I wasn't mature enough to decide on my future so I joined the military. I found my passion for medicine in the military and they paid for all of the schooling I needed down the road. Your life is the longest thing you'll ever do. Don't rush into a potentially lifelong commitment you hate just because you felt you needed to pick something at 18 years old.

@siddel77

2 жыл бұрын

Same here, from physics to software, then to infosec. The first move was purely financially motivated (when I learned I was going to have a kid), the second one not that much, but the financial incentive is there. Now starting my own business to try to stop selling my time.

@MrDjoppio

2 жыл бұрын

Can totally relate

@seandavies5130

2 жыл бұрын

I'm guessing physics grads going into Software Engineering is a fairly common route, there's hardly any funding in physics so Academia is a scary prospect. At least that was my perspective.

I used to be concerned with "getting ahead" until one day my father told me that you will never really get ahead. It's just life. It's the way the system is designed. Until he told me that I would freak out every time something broke (like a car transmission or some kind of house maintenance problem). After he told me that, I accepted his wisdom and was a lot more comfortable with my average middle class life.

@luisandrade2254

2 жыл бұрын

If you believe that then it just becomes a self fullfilling prophecy

@TheBushrangianOrder

2 жыл бұрын

@@luisandrade2254 If you don't believe that, then it's just a lesson waiting to be learned.

@luisandrade2254

2 жыл бұрын

@@TheBushrangianOrder if you believe that you’ll never achieve anything better try and fail and then fail better to eventually succeed

@TheBushrangianOrder

2 жыл бұрын

@@luisandrade2254 The system is rigged Luís, your optimism is misplaced.

@luisandrade2254

2 жыл бұрын

@@TheBushrangianOrder the system is not rigged bushranger you’re just too young to see it

I’m happy this video included how lifestyle inflation can help people and is necessary depending on where you’re coming from. For example, I grew up in a low income, under resourced community. When I was able to afford to move, I did! And guess what, I have more options for transportation, groceries, and banks. Surprisingly, I didn’t know what my former zip code meant to people until I moved. Now, when I say where I live, I get “oh nice”, “good for you” as if they’re so proud / impressed. I never would get those responses from my hometown. In society, if you’re from a “good” zip code, some people would automatically consider you trusted or a “good” person. But if you’re from a “bad” zip code, there are people who will judge you and deny you opportunities because they think you’re “ghetto”, “bad”, “dangerous”, and whatever other perceived judgments they have. SMH!

@carsoneastman5709

2 жыл бұрын

When I first moved to the city I live in now, I lived in a “bad” neighborhood and would not even get rejection letters from jobs. As soon as I moved I got a work from home job that pays more than I’ve personally ever made before. It really opened my eyes

@ihague4568

2 жыл бұрын

Who cares what people think? Is this really affecting your ability to earn? Why talk to people so shallow as to treat you differently upon hearing where you live? Who are you trying to impress? People like this will also judge you on everything else (the cloths you wear and the car you drive). Did driving a cheap car stop Warren Buffet?

@cheyenneharmon1022

2 жыл бұрын

@@ihague4568 unfortunately, it can effect our ability to earn if that individual is a client or in a hiring position. But I agree, it shouldn’t have to matter. But we live in a classist country.

@ihague4568

2 жыл бұрын

@@cheyenneharmon1022 Are you saying that the hiring manager is driving around to see what kind of house you live in, or whether you own vs. rent? Are you saying that they are able (or care) to check to see if the car you drove to the interview is owned vs. not rented for the day? Are you saying that they want to see proof of purchase of the suit that you brought to the interview? Are you saying that they want proof that you take expensive vacations every year? Are you saying they want to see receipts proving that you go to expensive restaurants at least 20 times a month? Of course not!! You are socially susceptible and gullible!

@MrSupernova111

2 жыл бұрын

@@ihague4568 . Relax.

Honestly all I care about is being financially stable and having a chance at future retirement. But I've learned to set much more realistic goals such as eating and having a roof over my head since then...

@undefinedvariable8085

2 жыл бұрын

Haha. Straight. Curious, how old were you when you came to this realisation?

@theintrovertedaspie9095

Жыл бұрын

ow was what you said unrealistic?

For me being rich is actually an option to work like 20 hours a week and still getting enough money for every day-to-day expences. Having own house is nice and all, but not really required as long as you have high enough income. We spend our most productive years working these jobs hoping to get a good retirement but if you think about it - you work for ~40-50 years to live a good life for, I don't know, 10-20 years you have left by the time you retire? That's a "poor" choice and not worth it, I would rather have rich memories, good health from my younger age then a retirement fund with a few more zeroes and regrets about living my life in the office.

@duncdunc76

2 жыл бұрын

I gotta agree and it doesn't hurt to have cheap hobbies and tastes. I like my 2003 Honda accord just fine and I love backpacking and camping in the outdoors. Expensive Golf and a new car lease every 3 years ain't my kind of rich for sure lol.

@muellernikolai8630

2 жыл бұрын

@@duncdunc76 "the best things in life are free". There is no point in accumulating money. I wish society as a whole would understand this, all of us would be much better off.

@PS_on_youtube

2 жыл бұрын

In the words of kanye west ‘having money isn’t everything, but NOT having it is’… that is to say that if you make ZERO financial sacrifice in your life (like saving for retirement), you’ll have nothing later. Living in the moment and building memories is great and all, but at some point you must defer today’s experiences for a better tomorrow. If that means sitting on ass and doing nothing so that you aren’t ‘payday Friday broke on Monday’ then so it should be 🤔 Sacrifice by choice (decide to set money aside for the future, and not make a purchase today) Or Sacrifice by force (you spent all the money you made, made zero sacrifice, and now live month to month on SS, or your forced to work into 60’s+) *im not trying to ruffle any feathers, just offering the truth 😊

@muellernikolai8630

2 жыл бұрын

@@PS_on_youtube Actually, "having nothing later" is a very USA thing. I don't live in the USA. Here (and in most developed countries save the US), you get a pension when you retire, which admiteddly is less than your working salaries were (obviously) but which is enough.

@laur-unstagenameactuallyca1587

2 жыл бұрын

same. I don't actually mind offing myself at a certain age, there's no pride in living longer than needs be. when my body stops working and breakdowns start happening frequently, when I'm needing to go to the hospital just to survive and can't work for myself, then I'll thank the lord and the earth for the chance and opportunity I've been given to be here and leave on my own accord. The space after your brain loses activity, is the same as before you were born. you will feel nothing, remember nothing, and miss nothing. so in reality, you don't have death. There's nothing to be afraid of about death, just like you can't fear "before you were born". you only have life, this short flicker into existence. Question is: what do you want to do with it? What do you want to spend it on? Chasing wealth for a retirement? I want to live frugally, spending on free experiences like hiking and relationships around me, "invest" in 1 house - my home, build a backyard fruit and vegetables farm and tend to it when I get old. I'll eat cheaply from community supported farms and from my own, and when it gets time for me to leave, I will leave. That's how I want to spend my short flicker into existence.

I love the advice on “how to get rich by thrift”, because if you follow it, you might actually avoid getting into credit card debt over your head. That isn’y “rich” or “financially secure”, but it is better than average.

@ihague4568

2 жыл бұрын

Thrift can actually have a significant impact on your net worth over time. I make about $75K a year and save $50K through thrift. This is probably the same savings rate as somebody making $250K a year. Once your brain has adapted (and it does), your hedonic response is no different. Your brain just releases dopamine in response to things like food, exercise, friendship, music etc. The brain doesn't stop releasing pleasure chemicals just because you don't spend money. (unless you have got yourself addicted, and need a withdrawal phase). Over time, it just rewires to the types of events that cause that release. Spending for happiness is really a type of addiction.

@Azatris

2 жыл бұрын

@@ihague4568 Saving is pretty addicting as well, with dopamine hits.

I just want to live in a society where you DON’T HAVE TO BE WEALTHY to live a good, meaningful life.

@whatsappme--712

2 жыл бұрын

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ʀɪɢʜᴛ ᴀᴡᴀʏ 📲👆🏻...,

@kurisu3000

Жыл бұрын

Doesn't exist

@casualduck7398

Жыл бұрын

Depends on how or what you define a good meaningful life, cuz you can do it without being wealthy to begin with

@aj2228

Жыл бұрын

You’re a communist.

@JS-nr7te

Жыл бұрын

If you live in the US you do. You have a phone, a TV, internet, air conditioning, plumbing a roof and food to eat and in an economy that can be in a recession and still have more work than there are people willing to go to work.

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

@wilsonjudson1650

2 жыл бұрын

thank you, can you give a pointer the best investment now ? i am thinking of getting stocks or cryto

@dorissteve912

2 жыл бұрын

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. get a financial assistant

@dorissteve912

2 жыл бұрын

I currently work with VIVIAN KLAINE MORGAN a financial expert i met in a seminar

@fredrickconte6270

2 жыл бұрын

I recently watched VIVIAN KLAINE MORGAN on TV , such a great speaker . but have you made any profit whatsoever working with her ?

@dorissteve912

2 жыл бұрын

I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks

Ive started looking at life as how much free time do I have instead of how much money do I make. In that sense, my life working from home since the pandemic has made me twice as rich, even though I make the same money. My advice for others wouldnt be to get a better paying job or go back to school, it would be to find an equal or lower paying job working from home. Unless you have shitty kids.

@tomo1168

2 жыл бұрын

if you have shitty kids, you can still move to an other flat.

@FrankieDiazabraxas

2 жыл бұрын

Good one! Where do I park the kids? Oh, heaven, I'm never going to be at peace!!! Well, thanks for the advice.

@fattailinvestor3660

2 жыл бұрын

“Unless you have shitty kids” lol 😂 I guess one is simply F’d at that point

@Zeero3846

2 жыл бұрын

It's not even about the amount of free time. It's more like: of the time that you live, how much of it is spent doing things actually valuable to you? Of course, that is far harder to quantify, and the actual value is really only useful to you, especially in deciding between different courses of action.

@rosgoncharuk2403

2 жыл бұрын

Having shitty kids costs you money - wow, who would've known!

Ahhhh, finally I feel better about being 33 and only having a net worth of about 38,000. Almost all of it in retirement. I am debt free, though!

@tonysimi5763

2 жыл бұрын

Keep up the good work .most have less.

@MrSupernova111

2 жыл бұрын

I'm having a late start in life as well. However, I do have college debt because I went to college in my 30s. The good news is that my salary is growing pretty fast and I hope that I can make up for lost ground. I'm already frugal by nature but catching up is no easy feat. The goal is at least $1.5 mill by retirement. Just before I saw this video I forecasted my income, contributions and retirement savings in a spreadsheet. I still have time to get it right but it will take discipline. I wish I would have done this in my 20s and had the discipline to keep saving.

@k4piii

2 жыл бұрын

27 and networth of 26k, I just wanted to brag, but it's not an easy ride, I am extremely frugal and we can not compare life, because our opportunities will always be different. Compare to your previous self who had 30k, you are doing fantastic bro, DO NOT lose track of your progress and keep it up!

@bobwaka1

Жыл бұрын

@@k4piii 25 and 50k off less than 6 figures a year it’s pretty easy to become a millionaire as long as you stay frugal and invest safely. Becoming rich is a strange thing, I was taught as a kid that being rich isn’t buying stuff and not caring but rather being able to say I can buy that and deciding not to.

@johnson4523

Жыл бұрын

Grateful to be an engineer in big pharma. Pays well and i can check out at 5pm

Not to toot my own horn here but I did the wealth accumulator calculation on myself and I’m actually above that at age 27. But the reason why is because I’m unmarried and have STUPID low cost of living while earning a lower-middle class income and investing much of it and saving it. All in all, I’m comfortable and enjoy living in the woods where it’s nice and chill. (:

@randomyoutuber308

2 жыл бұрын

Yeah...I'm about 4x the average net worth for my age, and 20x the median net worth. Most of my coworkers making the same income are below the average and median. For most people, its a spending problem far more than anything it seems.

@IM-qy7mf

Ай бұрын

@@randomyoutuber308 Living like misers (which is a common them for people like you) is not something to aspire to. Glad it works for you and many like you, but on my death bed, I'd like to remember more than the fact that I was able to LiVe bELow mY mEanS and be debt free.

@randomyoutuber308

Ай бұрын

@@IM-qy7mf I don't live like a miser though lol. The trick is, you only have to get yourself out of debt once. When you don't have 600 dollar a month student loan payments, an 800 dollar a month car payment, a 2500 dollar a month mortgage, and carry over credit card balances month to month, its not hard to have way more disposable income than you need. On my deathbed I'll be glad I retired in my 40s and a lot of the money I got to enjoy over my lifetime was passive income from investments and I wasn't a wage slave into my 60s struggling to make interest payments to the banks the entire time. If that is what you want to remember on your death bed, just keep in mind the interest you are paying to the banks are paying me some nice dividends.

In the words of Dave Ramsey: "Sell the car" No, you don't need an imported car and a tailored suit. If you see a $200/mo raise as an opportunity to add $250/mo to your financial obligations then you will always be poor, obviously.

@laur-unstagenameactuallyca1587

2 жыл бұрын

well duh, but selling the car won't make you a millionaire. a very high income, and living in an economically stable time (not an overvalued/near-peak bubble like we are) will make you a millionaire. like he said in the video, the book's research would look very different if it were conducted in the 30s or 80s.

@luisandrade2254

2 жыл бұрын

Yeah he’s basically prechimg a self fulfilling prophecy of course if you do what most people do you’ll always be like them that’s why you do different

@luisandrade2254

2 жыл бұрын

@@laur-unstagenameactuallyca1587 selling your car can actually go a long

@luisandrade2254

2 жыл бұрын

Away to make you a millionaire also it’s not the 30s or 80s anymore

@laur-unstagenameactuallyca1587

2 жыл бұрын

@@luisandrade2254 it will be one this bubble pops

Live with your parents as long as its possible and contribute to family wealth as a whole. I think one of the wests biggest flaws is the individual expectation of a young adult. Turn 18 and youre on your own. Grandparents as babysitters allows two income streams, saving on daycare and a strong family upbringing. This is especially advantageous for those lucky enough to have a genration above them who have established some form of wealth; ideally this can be built upon by the following generation and so on. On the other hand, some are starting with nothing and the burden is on them to build a legacy which they will never see the benefit from. That in itself can be rewarding and should be the goal within this idea, not being rich. Obviously this is very idealistic and I'll admit I am ignorant of all the variables here, but we as adults and families need to stick together. A mediocre life is okay, average income is okay.

@j10001

7 ай бұрын

💯 If America had more multigenerational households, on average we would all be wealthier, children would be raised better, and the housing crisis would abate.

@AA-iy4gm

6 ай бұрын

If people had no reason to move out they wouldn't, usually the reasons are: job opportunities in other areas away from home, grown up kids that don't want to deal with growing indifferences with parents, they had enough of negativity, judgements, pressure etc, sometimes its the parents that want the kid out so they can have more freedom and space, these are all realities of life and people are no longer willing to pretend that multiple families living under one roof is necessarily a positive thing when behind closed doors there is resentment, drama, tension, arguments etc etc...let's not forget all that before we do the West vs. East cultural differences, there are usually underlying reasons and explanations.

@j10001

6 ай бұрын

@@AA-iy4gm Yes, it’s definitely complicated, but living with other generations of family can develop tolerance, humility, patience, love - for everyone involved. It’s definitely not easy, but nurture is living in poverty, never buying a house, or dying alone because of stubbornness and determination to do everything your own way. I’m just pointing out that building a life together across generations is a worthwhile endeavor for some.

@jimbojimbo6873

2 ай бұрын

Theres two issues America is SO big and disparate, that unlike other major nations where you can live in the capital with your family and get great jobs, its not an option in the US. Secondly it’s the worst consumer based society in the world, people are literally shamed into spending money to show status.

Your brutal honesty is rarest amongst youtubers. I became fan of you.

Having enough to eat, a shelter and no worries about a war is actually rich. Most of your viewers have exactly that. You're talking about WEALTH, mate...

@mg6192

2 жыл бұрын

yep. People loose sight of what real wealth actually is. It's not just money.

@RickMyBalls

2 жыл бұрын

They mean rich relative to the plebs around them.

Reminds me what that a teacher at a community class I went to said. I went up to him after class and said, "The name of your class was 'Have a Comfortable Retirement at Any Income,' but I don't feel like the class addressed that. What would you recommend for my income?" He asked what my income was. I told him. He said, "I recommend you make more income." I immediately thought (but didn't say), "So the title of your class was a flat-out lie?" I was hoping for tips about self-sufficiency and frugality. I was not hoping to be told that my chosen career (which pays very poorly, but which makes me happy) somehow wasn't good enough. It was REALLY nice that you said the quiet part out loud.

@whatsappme--712

2 жыл бұрын

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ʀɪɢʜᴛ ᴀᴡᴀʏ 📲👆🏻.

What do you mean I will never be rich? I already am. I've got a roof over my head, a warm bed to sleep in, high-speed internet giving me instant access to the total sum of human knowledge and I never have to worry about food. I am richer than at least 99,5% of all humans that have ever existed. Also, on a sidenote: this is a fantastic video. It is both great advice and it also encapsulates why HMW, The Plain Bagel, Patrick Boyle and Economics Explained are the only finance channels on KZread that I actually like.

@DavidEVogel

2 жыл бұрын

Cool. Just change the definition of “Top 1%” to whatever you want.

@Saroku1000

Жыл бұрын

@@DavidEVogel Well by his definition we all are the Top 1% of all humans that ever existed.

Can you also make such cheerful videos as: "we're all going to die", "no one will ever love you even if you are rich" and "the world is fucked" to complete the depression saga?

Having multiple stream of investment is the best thing that can happen to anybody, i started investing in stocks recently, while i was researching i stumbled on an article where an investor make over $80k monthly, i would appreciated any tips on how i can develop my portfolio to produce such profits.

@calamander9426

Жыл бұрын

@@thenorthman8705 That's extremely remarkable; I'd want more information about your financial advisor because I'm planning to make some changes in my portfolio this year as well.

@MrDiscussion

Жыл бұрын

kzread.info/dash/bejne/gHppqpmcmJW0l8o.html How-Money-Works talks about multiple streams of investment here, interesting!

@Origami84

Жыл бұрын

This question reveals all that is wrong with retail investing. Do you really think there is some secret, risk-proof strategy that allows everyone to make 80k a month and all it is needed is to learn the "secret"? Please. You want to know how to do 80k a month? It is super simple actually, just not easy. Start with a 32million$ capital and place it in safe triple-A bonds. At a modest 3% return per year, you can get your 80k a month.

@1zbossz

Жыл бұрын

Bots talking to each other...

@Elemblue2

2 ай бұрын

@@1zbosszTheres something about them. Maybe the soulessness. Maybe the total lack of humanity. They can be detected inside of the first few words.

I wonder if the 4% rule will even survive the global debt super bubble? I like how financial youtubers say: "dollar cost average it has worked for the last 100 years" *checks human history "that's not that long"

@alexisleclerc595

2 жыл бұрын

How long has dollar cost averaging been around though?? Compared to other methods of investment this is the most reliable one

@alexisleclerc595

2 жыл бұрын

Its also statistically proven the more you buy averaged out over time the more your average is tied to the movement of the market

@tredegar4163

2 жыл бұрын

@@alexisleclerc595 That is true since the creation of the Fed and the strategy I have largely used, but most of that as been in a global market Pax Americana world. The larger trends of history are not that way. As an example the last half of the 19th century was deflationary, it actually made sense to just save money. Also all fiat currencies eventually go to zero, how many more boom bust cycles do you think the dollar has?

@ColinAdventures

2 жыл бұрын

Yeah, I hear stuff like that all the time and think, 100 years is a really short amount of time, these statistics are only valid for the U.S. and a handful of other countries, and everything tells me this rate of economic expansion is impossible to maintain for any length of time. Doesn’t matter though since I’m broke and have nothing to invest anyways.

@tredegar4163

2 жыл бұрын

@@ColinAdventures Even with premiums physical silver is less than $30 an ounce. In the life cycle of currencies fiat eventually reverts to commodity money. Global fiat has only existed for 50 years and I doubt the central banks can keep it going much longer

It depends on what you are after. I'm 31 and I'm working 50 % because of how well in order our finances are. While not all investments in all time periods are equally successful, the person who keeps making good financial choices in the long term will be very likely to have a good return. I have no real desire for obscene wealth. I just want to be more in charge of my time and to do more things that are fulfilling to me and my family. As you hit a certain (fairly low) bar in personal finances you stop paying a premium when complications occur because you have options in resolving issues. Not just avoiding debt but choosing what is the best course of action long term. In spite of working 50 % I can place more demands on my workplace and my payraises have been higher than previously and above the workplace average. In most situations my advantage simply compounds. I'll probably never get a private jet, but I have a very strong foundation for stability and comfort. I don't know what expectations other people have, but my progress so far is absolutely enough to be worth it.

Wealthy is a nice dream. But financial independence in my late 30s is my goal. Time is most precious commodity we got. Building enough passive income to pay most or all the basic cost of living goal.

"Rich" is so subjective and often based on envy. I consider anyone to be "Rich" who can generally 1. Get the things they need to live 2. Can save for or purchase things they want with little or no debt 3. Can lose their job and survive without debt long enough to find a new one 4. Can help others charitably without sacrificing much 5. Have a skill, talent or other thing that allows them to maintain the above 4 Your definition may be different, I don't hate rich people in my definition but my definition is attainable. There will always be someone with more than you, stop caring about it

I agree with a realistic and somewhat cynical view this video provides. However, as much as toxic positivity can be annoying, I fear that the cynicism/negativity of this message just reinforces the notion of "if im not gonna be rich or financially comfortable I shouldn't even bother trying".

@CreativeMindsAudio

2 жыл бұрын

I feel like the video was more, if you wanna be rich go be a surgeon, engineer, other high paying field. Everything else is a dream.

@duncdunc76

2 жыл бұрын

It's funny how things hit people differently. What I got out of it was quit letting societal advertising sell you a false bill of goods and start focusing on what's really important to obtaining a fulfilled life instead of trying to become a millionaire. Especially since your realistic chances are slim. Start focusing on having a truely rich life which has much less to do with how much money you have or chase then you think.

@k4piii

2 жыл бұрын

Remember, reallity and hard data is neutral and doesn't care about feelings, we put the feelings. I also got the message of stop wasting your time following dream sellers and focus on important and demanding carreer for as long as you can and get as much money as possible from it

@laur-unstagenameactuallyca1587

2 жыл бұрын

If you still care about money, then you should bother trying, but put that effort into either moving to a cheaper place (inside your country or outside), reducing your cost of living drastically (like living in a van or tiny home), or upskilling to get a high income job. the only one that'll get you rich realistically is upskilling, but the others can give you the sense of security you might need if you have an anxiety over money(?). that should be the takeaway of this video If you no longer care after watching this, that doesn't mean sit around in a perpetual state of gloom and practise unhealthy habits like drinking, eating unhealthily, etc. That means use the little you have and make your life happy and worthwhile. Spend time with family and loved ones, go hiking, go on cheap holidays with a converted vehicle, go on walks, pursue a hobby like art, volunteer if you want to, etc, create memories.

@laur-unstagenameactuallyca1587

2 жыл бұрын

@@duncdunc76 agree!

I define rich as not having to work to pay your daily expences. So that 1 million dollars/40k per year would work well for me. I would consider myself rich at that point.

@ColinAdventures

2 жыл бұрын

Same!

@anaestereo810

2 жыл бұрын

You did your math a d set your goals, most don't. Just make sure when you get there you don't move your goal post...thats what most do

@dekippiesip

2 жыл бұрын

the paradox I think is that you would live a middle class lifestyle no one would associate with the word 'rich', but that doesn't mean you can't be happy. You won't owning flashy cars or other expensive shit. You will live a lot like your full time working neighbour, with the major difference of having much more spare time. So you would actually be rich in time moreso than in money, if you see time as an asset that definately makes you rich. But then another problem comes, how do you spend all that free time without exceeding your 40k/year budget? The more spare time you have the harder it is to spend conservatively because most hobbies will cost you money.

@Origami84

2 жыл бұрын

@@dekippiesip I wonder how happy you would be, though. Honestly, after more than a week on holiday i start to feel uneasy. It is just... boring. There is something depressing in having as your main problem, and decision, how to fill up your time. Were i super rich i would still work. Maybe only 2-3 hours a day, taking days off whenever i want, but i would still work.

@LowestofheDead

2 жыл бұрын

@@dekippiesip I disagree 100% - everyone has a passion and you'd be able to spend all your time doing it. If you don't have a passion, you'd have the time to discover it. Imagine being able to spend all your time painting without having to stress about turning a profit from it. All that practise and skill would make you really good at it, AND make you really satisfied with life. Buying cars isn't everything.

"So are we all just destined to be on the precipice of financial ruin for our entire lives? Well, yeah." Thanks for the heads up. Now I don't have to worry about money as much as I did before. lol

A paid off home and $40,000 a year is not rich? Please tell me who in all of human history has never had to worry about a roof over their head and Food. Yeah it's not stinking rich but it's still rich. Ps depending on which point in life you manage to acquire that amount of money you can still continue to work if you want to.

@zinjanthropus322

2 жыл бұрын

Hunting and huts.

@user-tf5uk1rc5j

2 жыл бұрын

@@zinjanthropus322 did you watch the video he said that a paid off house and $40,000 in passive income for the rest of your life. In other words money that you do not have to work for is not rich.

@zinjanthropus322

2 жыл бұрын

@@user-tf5uk1rc5j Yeah but I come from Subsaharan Africa. 150 years ago there was no such thing as money or jobs. You built your own house with your family on land you automatically inherited and farmed, fished, hunted or gathered for food. Things haven't always been like this for most of the world.

@user-tf5uk1rc5j

2 жыл бұрын

@@zinjanthropus322 yes and that is my point if you are making 40K USD adjusted for inflation in today's money from now on and until the day you die and have a paid off home. You are richer than the kings and queens of 100 years ago. To not consider that status to be rich is the epitome of greed.

@Alexis-wh2de

2 жыл бұрын

@@user-tf5uk1rc5j I understand where you're coming from. Even the video's image at 7:02 of "Americans needing $500k to feel secure" while saying having double that amount is not enough is mixed messaging. Getting paid to do nothing is the epitome of rich. Take that $40k USD to Panama, Russia, or Peru and you can still live better than the average resident there.

Being rich is being able to eat whatever you want, whenever you want. If for you having guaranteed 3 meals a day, no matter what it is, you're rich. For some, it's going to Napoly to eat pizza. Even so: if you're able to eat whatever you want, you're rich.

@E2theBizzle

2 жыл бұрын

^This! It’s all about perspective. I work in a blue collar industry but most of my colleagues make between 100-300k (granted at the cost of working an average of 70+ hours per week) and they never shut up about how financially strapped they are and how they constantly need to stretch their paychecks to feed and clothe their families. They aren’t being humble or sarcastic; they are in sincere tears when they talk about their money struggles. Meanwhile, they have blinders on when it comes to their new fishing boat and that second lifted pickup truck sitting in their three stall garage. They are oblivious to all of the things around them for which they should be grateful.

What a refreshing wake-up to those younger, more driven individuals. I think everyone should be aware of the lifestyle and financial traps before them, and not to be misguided by ads and popular personalities. Well done, thank you

As long as I can pay my bills, put food on the table, and clothing on my back, I'm comfortable and pretty darn successful, especially with seeing how so many are now living in poverty and homeless! I'm blessed! ✌🏾✌🏾✌🏾

@Goldzwiebel

2 жыл бұрын

that's a really good mindset! it also helps to save some, because you understand that you don't have to consume more to have a good life. peace of mind is so important!

@drillingig2368

2 жыл бұрын

People will still find a way to shame you into giving to the poor.

of course i will be a millionaire. Everbody will be a millionaire. We will buy a loaf of bread for 50,000 $

@HowMoneyWorks

2 жыл бұрын

Great comment ngl

I like your videos, a quick issue with this one though. you did inflation calculating that 1 mil in 1996 would be 1.7 now, but then used the 1 mil number to get 40K (which we all of course think of in today's value). if you instead did 1.7 mil times .04 you get 68K which is a substantial difference IMO. Also if you use the 5% rule (as some financial people now are calling for, you get 85K but that's neither here nor there. Millionaire next-door also did what we're talking about, but rather than using the 4% rule, they used the people's actual expenditures and found that most of them could stop working for 20 years before running out of money. the idea that you have to be able to retire and live off personal investments is not anything to do with being rich, a millionare, or even wealthy, its the FIRE movement, which the book made no claims on. Final bit, lifestyle inflation is not a necessity, although as a lawyer (where my knowledge is) you do need to make sure your suit doesn't have holes in it, nobody cares if its 300 dollars from men's warehouse or 10,000 dollar custom made. Perhaps I'm too optimistic, but I don't think we're all screwed, and the ideas from the millionaire next-door are still valid

@Stompii01x

2 жыл бұрын

Exactly! Although I agree that this video maybe correct to some extent but I still don't agree with what he says, you might call this naive but I believe being rich has to do with a state of mind or a particular mindset. So far so good, all the people I've known or heard of who became millionaires had a very strong sense of purpose to achieve their specified dreams and most importantly did not accept someone saying they can't be rich. I truly understand that one must be open minded no matter the circumstance that's why I can understand this video and the channel but I just can't accept it.

@Bolensgoldrush

2 жыл бұрын

I've noticed that HMW has kind of foregone quality finance videos for this kind of "shocking outrage" content that is all over the internet now. Like there is a lot of logical fallacies and issues with this video.

@Stompii01x

2 жыл бұрын

@@Bolensgoldrush yeah I think it's a marketing strategy to get people to talk about the video

@MrSupernova111

2 жыл бұрын

The inflation adjusted figure and the 4% rule were two different points within the video. Also, I highly disagree that you can expect fast advancement in any elitist career without looking the part. If you think rich VPs, directors, and executives aren't judging base your appearance you'd be sadly mistaken.

@MrSupernova111

2 жыл бұрын

@@Stompii01x . First, define rich because having $1 million to sustain you for 2-3 decades until you die isn't rich. Personally, I think that with anything less than $2 million it means that I will need to watch my expenses very carefully during retirement. Second, you can be a multimillionaire by simply saving and contributing to your 401k account without ever breaking $100k in annual salary. How? You need to start VERY young to give your investments time to earn interest. However, not many young people are thinking about retirement and much less doing detail analysis of their retirement accounts. If you wait until your 30s or even 40s to start saving for retirement you're screwed. The key is time or a high income. There is no way about it.

Great content in your channel, Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.

@instinctively_awesome8283

Жыл бұрын

These strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@Natalieneptune469

Жыл бұрын

The one effective technique I use is staying in touch with a financial coach for guidance, it might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market during the pandemic and raise a profit of roughly $170k within 3 months of investing.

@marianparker7502

Жыл бұрын

@@Natalieneptune469 I read inflation is close 10% but as we know it's definitely way more than the media would like to admit, my plan to earn more passively and ride this out, can you investment-advisor assist?

@Natalieneptune469

Жыл бұрын

@@marianparker7502 Sure, the investment-advisor that guides me is "Susan Agnes Hancock", she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

The definition of rich: having abundant possessions and especially material wealth And there is the reason you will never be rich If there is no set target for being rich then how can you tell you're rich If you ask someone you think is rich they just say, "I'm not rich, that guy is rich and point to someone else who is even wealthier and then that guy will say the same and point the finger to someone even wealthier than him"

@DavidEVogel

2 жыл бұрын

Cool. Just change the definition of “Top 1%” to whatever you want.

@Alfaomegabravo

2 жыл бұрын

@@DavidEVogel I gave the Merrian-Webster dictionary definition of "rich" I did not define "Top 1%" And you missed the point, you might define the 1% as rich but the 1% don't think they are rich. They are dirt poor compared to the 1% of the 1% and they think they are poor when they see the wealth of the 1% of the 1% of the 1%. And top 1% of what? Top 1 % of Somalia wages would be poverty levels in the US... 6% of Americans would be part of the top 1% worldwide... Its like the 80-20 rule applied to itself over and over again.

I closed out of my detailed Excel budgeting worksheet and custom built retirement calculator to watch this. You'll excuse me if I politely disagree. All teasing aside, I adore your videos. You tell it like it is and the cynicism you provide is a fresh take from the toxic positivity many financial KZread people provide. Keeping it real, as the kids say. "How Money Works. Where Dreams Come to Die". #NailedIt

@k4piii

2 жыл бұрын

When shit hits the fan

It actually makes me feel better to know everyone is financially insecure. Not just me. Commercial media, social media, and even the outward appearances my neighbors put on make me feel like I'm the only financially struggling person on the planet. The only loser. While everyone else is living the good life and looking down on me as a failure.

I'm a beginning farmer and you can still have net worth. Make your own flatbread in a skillet, use a woodstove for primary heating, don't eat out, never carry a credit card balance. I love on fb how people say 15/hour isn't a livable wage. Communal living in a house and not spending money needlessly and you will save money. My ex-wife would spend money on totally useless things and I was the one making most of the money and she was bleeding us dry, I divorced her. All my equipment is paid for, life isn't too bad. 40k a year like in his example is easy street.

That's the truth: income matters. Look at any successful finance/investor youtuber. Meet Kevin, ice coffee guy, chandler david Smith, etc. They all had extremely high income that they then invested wisely. That's what enabled the bulk of their wealth. For most of them, KZread income itself is enabling their successful appearance in investing which draws in more viewership. Not diminishing their accomplishments, but rather, like this video, just saying that what draws people to their channels is their investing/finance advice, but they got to where they are due to high income primarily.

@whatsappme--712

2 жыл бұрын

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ʀɪɢʜᴛ ᴀᴡᴀʏ 📲👆🏻.

Thank you for the video. You make some good points. Lifestyle creep is very real and it is much easier to control when you are single. I remember that book a little differently. The millionaires next door were most often business owners who were able to provide valuable services that others often overlooked. The majority of them were not "do-it-yourselfers" meaning they hired skilled people to to their taxes, accounting, landscaping, etc, because they could make more per hour than paying for those services cost. They focused on what they were good at and they did not have lavish lifestyles. They were good at growing their assets and avoiding things that lose money.

I appreciate such kind of videos. Videos that are realistic and ground you to the times we live in, I think part of the reason most people end up disappointed and depressed is because they feed their minds with the, "feel good, life is what you make it, you are meant to be a billionaire/successful, you are poor because you are lazy" kind of content, then when they see that their lives isn't turning out to how they expect it should, mental distress occurs.

I know 1 rich person. He's Rick because of a few factors. 1. Talent, he's very good at his job. 2. Saving, he can hold on to a dollar. 3. Making good choices, he don't care about expensive bs. 4. Education, he always keep up to date about everything in his field. And 5. Patience, he didn't become rich over night.

As long as your total income increases faster than your expenses you are always getting ahead

@whatsappme--712

2 жыл бұрын

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ʀɪɢʜᴛ ᴀᴡᴀʏ 📲👆🏻.

@k4piii

2 жыл бұрын

Naval said it, there is three ways, You become a monk You lower your lifestyle so much and keep earning consistently Or you blow up your income while keeping your finances on check

I agree with this video 100%. In my 20s I grew my career to make six figures by 28. Bought a house, turned it into a rental, then bought another one. Then I financed a new car. Ate out all the time. I was making a lot of money but saving and investing nothing. I was constantly anxious about emergency expenses, and gradually built up some debt. All the while I was also planning on starting a business. Luckily the house I was living in appreciated quite nicely, so I sold it, paid off my debt, and used the rest of the money to keep me alive for three years while I grow the business... 1.5 years in, I'm still not paying myself yet, but I carefully track my finances and have almost no anxiety over money anymore. I'm not rich, but I know that when my income does return to a higher level, I now have the habits that will sustainably grow my assets over time. Not sure if that will put me in the 1% but I'll be a lot better off than where I was.

@jeffreyhill1011

2 жыл бұрын

May I ask what your business is? I was on a similar trajectory to you. Making a solid 6 figure income by 29 as a construction consultant. I won a high 8 figure lotto and retired at 35 though. My financial advisor and accountant are gobbling up local real estate, some stuff in high demand areas if it seems a good deal and buying boring bonds. I like boring and safe. I'm young-ish still (just about to tick 40)so I have a long time for the boring stuff to pay off for the grand kids. I don't have flashy cars aside from 2 dodge vipers, I guess my heavy equipment counts as well. I'm developing 6k acres I purchased, ran water, electric and sewage to the property. Built a 5k sqft 5 bedroom 4 bathroom house and a pair of 6k sqft outbuildings for a woodshop and metal fabrication shop. The lot was 85% forest I'm changing it to a more reasonable 55-65% wooded and the utilities are already set up to be added upon if I want to parcel it out. I'm currently digging an 8 acre reservoir lake from my natural spring. I'm sure it's worth more than I paid and have wrapped up in it besides my own time. Beauty part of knowing how to do the shit yourself. The goal is to make sure if my daughters don't want to work they won't have to and their kids as well. But they started a resaw business making custom milled lumber at 15 now they are 17 and bought their own 1st cars last year and a 65k work truck along with the bandsaws and other stuff they needed.

@PoppaTG

2 жыл бұрын

@@jeffreyhill1011 if you’re ever open to personal loans, collateralized of course, please let me know. I have been struggling to put together resources so I can startup a co. and build a portfolio on my own instead of manage one for co. I work for now.

@jeffreyhill1011

2 жыл бұрын

@@PoppaTG as lucrative as getting into the lending game can be, idk if I want grey hair and migraines lol.

@bflore18

2 жыл бұрын

@@jeffreyhill1011 I really liked reading your story. What you’re doing is exactly what I’d love to do if i was in that situation. I’m currently 24 getting close to reaching the three figure mark from my engineering job right out of school. I got lucky by getting a house with my wife as soon as we graduated right before covid made the prices spike up and I’m considering maybe selling for close to 100k profit. Ive just have been really thinking out what kind of early financial habits I should be doing now that would benefit me in the future. Along with looking into myself seeing what I truly want at the end of this. Seeing that your kids won’t need to work is a game changing goal I want to accomplish now. (I don’t have kids yet but do plan on having some)

@vcvitiko

2 жыл бұрын

Yes all thanks to your high paying job

Even knowing that the chances of getting to the 1% are slim, my plans for now is keep trying, I can only get luck if I am in the game. And worst that can happen is if I don't take any reckless decision is be 'financially stable'.

This is absolutely so spot on!!! The average person will never become rich and the vast majority may only be worse off with time. So much of the lower and middle classes are struggling and may never see real financial stability. I consider myself lucky that I have a good job at my young age and know finances very well to the point where I know I'll be better off than most everyone I know. But that only means there's something super wrong with the system here if so many will fail.

@kenyonbissett3512

7 ай бұрын

Many will fail for many reasons, some preventable, some not. Money education, living within your means, taking care of what you have and investing can equal wealth. Anticipating setbacks and planning and preventing them or mitigating them is extremely important. Some are insurmountable to be honest - accident causing you to become a quadriplegic or dying of cancer would be examples. What if in addition to your job you (or partner) set up a small business and paid your children (2) each $3k-12k a year starting at birth into a Roth IRA, as earned income they can earn up to $12k with no income tax or having to pay Social Security taxes. By the time they are 17, they would have $51k-$204k just in contributions not including earnings. 6.5k to ROTH and remaining to college or general investment. University/College - if you save it should be minimal in my opinion. The ROTH IRA money is not used for FAFSA for College, it is excluded by law. If you want them to live on campus, then save that much for them. Their freshman year should be done using AP classes and online CLEPP testing. Why? I’ve watched to many freshman flunk out by hanging with immature freshman who flunk out. Let them start taking classes that are part of their major asap. Freshman year is just basics, most is already covered in high school advanced classes. They graduate debt FREE from State University in 3 yrs working only summers and winter breaks for minimum wage or a little better, using the $2k college credit you get and with a little help from your salary. You should expect some out of cost expenses. They can major in their career and minor in real estate while learning basic maintenance for homes. At 21, debt free with a University degree, get a job making ?, with careful money planning they can buy a home (with mortgage) at 23-25yr. (Maybe not in NYC, LA, Seattle). They buy a solid, low mileage 5yr old car (or e-bike if that’s possible) for a low cost after college. They can save and buy a rental every 2-5 yrs. Stopping at 4-5 rentals and with 15-30 year mortgages paid off when your child is 50-55. The money they might have needed to an IRA can be put into the rentals and just let the money you set aside in the ROTH IRA grow. They will easily be millionaire by the 10s of millions be 55-65. I use 55 because let’s be honest health may dictate 55 not 65-70. If they do the same for their children this can be a repeating cycle. *Another possibility of a money strangler is divorce. With divorce in the 55+% range it is a reason able thing to plan for the possibility. Pre-nuptials to protect assets held before marriage is reasonable. Know your state laws for divorce. This education needs to before a child falls in love, they won’t listen after they fall in love. If nothing else the Roth IRA should be shielded. And no one can take away their college degree.

I learned a long while back to redefine "rich". I have a wife who loves and respects me. I have a teenage son who likes spending time with me. I have a toddler who brings me so much joy. My parents are alive and live nearby, and we are on good terms. My in-laws live nearby and we are close to them. We have friends who would help us out in a pinch. We have a house big enough for the family. I have a stable job that provides enough for my family, and enough to where my wife doesn't need to work and can care for family. I feel like one of the most wealthy people alive.

So basically we're all in the rat race forever Well at least I know

@whatsappme--712

2 жыл бұрын

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ sᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍsɢ ʀɪɢʜᴛ ᴀᴡᴀʏ 📲👆🏻...

Biggie said it best, mo money, mo problems.

I recently just doubled my salary with a new tech job. I'm happy I saw this video because I really don't want to succumb to the lifestyle inflation that I could put myself into. I will 100% not be driving that shiny new car or buying a bunch of expensive things I don't need. I want to be able to save a lot of my money and keep my costs pretty much the same moving forward, as if I am still fresh out of college broke. I love this channel because it is a reality check and validates my cautious approach to spending money. This is definitely what I needed to hear and the timing couldn't be better.

@k4piii

2 жыл бұрын

Wanna be my accountability partner? I do controls for a car

I love the no bullshit attitude of this channel.

Keep being so honest. I am grateful for you giving me a reality check on nearly every video.

Lol not going to lie, this definitely hits at home. Between me and my partner we push 250k and we don't have kids yet. We put money into an ETF, a joint investment account, and regular stuff with our jobs. However, we aren't dumb....there is no way we are going to be absolutely wealthy since we have to live in a somewhat high cost area and have normal debts. You need to have your mortgage paid for, student loans paid, and someone investing in you before you were born. While you as an individual stay disciplined to a degree, in order to maintain real wealth. I don't understand how there are people making less money than us, but act like they are going to be a millionaire any day now?...it is odd.... I would rather have a good work life balance, and be able to take vacations or do hobbies. When compared to sacrificing everything just to get to a number that doesn't even matter at the end of the day. As long as retirement isn't a serious struggle.

@k4piii

2 жыл бұрын

There is a great hispanic movie from the late 90s which exemplifies your comment so great. And I just made thatp connection after reading your comment Those people, sell dreams From you, someone who knows how those trajectory have slim to none chances of success, how those people are brainwashing young or broke fellows. Man, you made me have a deep and emotionally intensive connection, in which I can see poor or broke people buying garbages that was sell to them as the cure or dream and they were buying it, because, little to no other hope they had....

@user-dh5vx8ob7y

10 ай бұрын

You're bad with money. I'm wealthy and i earn 50k a year and that's it, just don't be terrible with money.

@trumptookthevaccine1679

6 ай бұрын

@@user-dh5vx8ob7yso you coupd stop working today and be good for life?

This is awesome. I am slowly working through our National Fiscal and Tax Codes and discovering that a lot of outdated laws are contributing to a system lower economic mobility. Thanks for translating that message in to a format people can actually understand! “Piece of s#!t car” and that image, I laughed so hard I spit out some of my coffee.

@x--.

7 ай бұрын

Oh yeah buddy. When you realize the system is rigged it's very disheartening.

My grandmother grew up in a household with no plumbing no power and an 80 hour work week. This was the norm when she was growing up. I have always considered myself rich and know very few people that weren’t born rich.

Dude, you had me at "How Money Works. Where Dreams Come to Die". Lol.

This is a good check to remind people becoming rich isn't as easy as a lot of channels make it out to be. Now, I really like a few of these channels and recommend them, but there is some survivor bias there. Usually I prefer the channels that acknowledge that. But, a lot of times that advice will help you get into a better financial situation, even if it doesn't make you rich. Reducing debt and having a decent sized savings cushion for emergencies by cutting out unnecessary expenses, for example.

"how money works is where dreams come to die". Made my morning. Can't stop laughing 😂

I’m a millionaire next door. I read that book when it was first released and it had a huge impact on my financial journey. And I agree you have to make a lot of money to save a lot of money.

My plan of being an engineer living in an rv still works even given all your points. Big income, waiting to start a family, and massive underspending for years is the only way to do it.

You’re like a combination of economics explained and cinemasins. I appreciate this more pessimistic look at finances

Problems with this video: 1) Confusing income with wealth 2) Using the undefined and meaningless term "rich" 3) Saying you only have a 10% chance of "making it" (what is meant by "making it" and IRS stats show that most people move upwards in income as they get older, while most will drop in income as they get past 50s) 4) "Savings" will not make you "rich", you require investments 5) Subtracting the house asset from assets 6) Various false assumptions about where you "have to" live to make good money in this or that field

If I remember my reading of The Millionaire Next Door correctly, those millonaires are business owners

I love your videos. But you're not shitting on my dreams; I've already reached them. Your videos bring me to a lot of nodding and laughter. Love it!

While I like that this video goes over the realities of being rich, I think there are some short comings, particularly when he talks about those who are high income earners and even more particularly among those who are in tech. Nowadays a lot of the high paying jobs are remote (we can thank the pandemic for this, but I have a feeling this won't change) and I expect us to transition towards a lot more remote work in the future. So many high income earners won't necessarily have to live in high cost areas (we already see a lot of people moving out of high cost areas because of the available remote work) so I think it gives more high income earners the opportunity to become "rich". The idea of having to get a nicer car so you can take up a reserved parking spot at your job and to bring up your status just sounds a bit outdated. And it will become more and more outdated as more jobs become remote. All that said, lifestyle inflation is a real thing, and it is not always to our fault. Many people get married, have children and before they know it, life becomes so much more expensive. I think it's fair to say that only a small number of people will get "rich" (however you decide to define that) but many can become financially stable even among those with families as long as you are earning a high enough wage. From personal experience when lifestyle inflation is definitely real, but it's often taken way too far. All this said, I do appreciate the reality check as I think more people need to hear this.

Millionarie next door is an old book that I read...it is a dream...some do make it..I did...so don't trash a book that makes some dreams come true...Good Luck to All...more money does make you happier...give it to others and make their dreams come true

I appreciate that you are the most real life finance person on the platform

I think you make two separate points in this video that don't necessarily go together. The first half is how having a large nest egg isn't enough because you'll have to live off the passive income (which is low), whereas the second half is how having a high income isn't enough because your expenses will also rise. I don't believe having a high savings and a high income are mutually exclusive though, and having both would mean you're financially independent enough to consider yourself "rich". About not making it into the 1%, I suppose that comes from the definition, but the thesis I'd go with is that a large section of your viewership can get rich, but not all of them can simultaneously.

@masondicroce917

2 жыл бұрын

Yeah, I think this video focuses too much on statistical averages. Like yes, on the whole most won't, but isn't the point of learning about this stuff and finding ways to increase your income all about rising above the average? This video seems to ignore that there are stages between 1% and not 1%, just because reaching the top isn't a totally realistic aspiration doesn't mean that reaching the middle or even slightly above the middle should be totally off the table here. I actually think it's kind of insulting to act like surgeons have no choice in being on the precipe of financial ruin considering how many people have so much less, there's always some amount of choice, some just have more than others.

@SkySong6161

2 жыл бұрын

He's trying to not say the quiet part out loud: most people wind up financially secure because they came from financially secure families. If mom and dad can finance your college, your extended family supports you so you aren't trapped in low-paying service jobs* and can apply until you get your foot in the door in a decent career field that pays ok, if your grandparents provide your downpayment and closing costs, then the odds of you being secure and not being thrust into homelessness for the sin of not being employed for two weeks are pretty good. If not... retirement's not going to be an option for you. * The current job market is a very different beast. The 2000 - 2019 job market could see you fired if you tied your shoes in a way your boss didn't like. Most people have (or know) stories that involved being fired for absolutely asinine things.

I like that this channel is where dreams go to die. I know I'm not going to be rich and I don't want to listen to people who try to sell me that idea. Telling me I'm going to be rich is a surefire way to tell me you have no credibility.

Thx for being realistic and honest your almost the only finance channel that is honest about the odds

I really like to try and listen to people in the financially independent community. They are very real like you. Most of the community just wants to help each other out on the long path to being financially independent.

Fortunatly, the high income earner problems are far easier to avoid in this day and age, specifically high cost of living areas. I live and work in the DC area, but because I have the ability to work remotely I am able to live further from work and commute less. This then means I spend less on housing, transportation and food since I can stay home most of a week if needed. I am an outlier though, 22 working for a startup company spending 40% of my earnings and using the rest to buy investments... and uh some cars... Might need to cut back on the cars.

@tonysimi5763

2 жыл бұрын

I wasted some money on cars too. I dropped the car habit early thank goodness.

@datlocojojo23

2 жыл бұрын

I also use too much money to buy cars, so my advice: keep buying cars, theyre awesome

@CockatooDude

2 жыл бұрын

I mean if you buy the right cars they can appreciate in value. 90's Japanese sportscars for example have really started going up in price the last few years.

@VujaDeGaming

2 жыл бұрын

@@CockatooDude I mean one is a Subaru wrx, the other is a 25th anniversary mustang so going well in the depressiation department. Never planning to sell either though

Every time I think that I don't earn enough or don't have enough I remember that some hundred years ago people worked mostly to have enough for a home of some kind and food. I have way more than that, so maybe not being able to buy an expensive "toy" isn't really showing that I'm poor, but that it's not really neccessary. As I get older (I'm still just 34) I'm starting to see that having more just makes you want for more - a new car isn't good enough, you want a better new car. Your own house isn't enough, you want a better/newer/bigger house etc. You need to draw a line when it's actually enough, otherwise you'll be left chasing the next tier unless you are someone like Bezos, but even then he probably can't have certain things (like privacy?) that normal people have.

I think the problem with people are the perception what being rich means If you don't care how people see you and don't compare yourself to others (in short just be grateful with what you have) That basically will lead you to a more humble lifestyle than lavish one Hence you will keep your finances in a more stable state than others

Great video! One thing I would add is social security, generally speaking SS is meant to replace 40% of earnings for a middle income earner. So take for example someone making 100k a year they might expect 40k a year in social security, with a 1 million dollar portfolio and using the 4% rule you’d expect them to be able to take an income of 80k a year provided they took the advice of using 25% of their income towards housing and paid their house off before retirement they’d only need 75% of their income to maintain their same lifestyle which is generally speaking the goal in retirement so they’d be in pretty damn good shape still!

I am rich. I have three great kids, a career I enjoy, a work-life balance, a wife who loves me, a healthy body, spiritual fulfillment, hobbies, and a small circle of friends. I'm not sure what else more money could provide me.

Thank you for keeping it real and killing my dreams

this right here is the reason this is the only financial and economics channel I trust on youtube.

What most people do not understand is that they need to transfer purchasing power from other people. Purchasing power other people do not want to concede. This task is incredibly difficult we all know the methods people use to attempt this task: 1. Get the best education. 2. Get the best job. 3. Saving and investing. 4. Starting a business. 5. Winning the lottery or some other stroke of luck. Personally I have probably made it to the top 3% or so through saving and investing while not having dependents. Others have improved their financial position by one of the methods mentioned above. It is possible to transfer sufficient purchasing power to improve your financial position but it is incredibly difficult and the numbers don't lie a majority of people will be in the middle group of income and wealth.

I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off

@stanleyjavin4911

2 жыл бұрын

@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership

@stanleyjavin4911

2 жыл бұрын

@Stacy White You can connect with her on what'saap

@stanleyjavin4911

2 жыл бұрын

+150

@stanleyjavin4911

2 жыл бұрын

2273

@stanleyjavin4911

2 жыл бұрын

5657

Tldw : those who are born rich, mostly stay rich, those who are born poor or middle class start the same, no matter how hard you try to climb that ladder..

@doomedwojak420

Жыл бұрын

But some climb that ladder (only who's taking very risky decission)

@doomedwojak420

Жыл бұрын

Than get ill and die . But atleast you die rich right?

You’re absolutely right but I think it’s a combo of both approaches. Use your increased income to save up wealth that can produce passive income that will supplement your lifestyle expenses. That’s what the COVID era thought me. That’s what I appreciate about the FIRE movement. I may not be a bare bones lifestyle FIRE disciple but I believe that your increased revenue model built on FIRE tenets will definitely make you rich. I have an MBA but some of the PFP lessons taught in FIRE weren’t taught to me in school. FIRE makes you lean - it forces you to think about what you “need” vs what you “want”.

I have found that my desired lifestyle is actually really ideal for a goal of FIRE. I’m just waiting for the day when I can finally afford to buy a large parcel of land in the middle of nowhere, where I fully plan on staying almost full time with occasional exceptions for things like traveling to see friends/family. Living in the middle of nowhere really helps put a damper on things like fancy new cars and expensive meals out. I guess there has to be a few perks to being an introvert!

The biggest financial pitfall for people with marketable skills seems to be choosing to have a family. If you're alone you can benefit from market rates inflated to appeal to people like that without the dead weight that comes with having to deal with drains like kids and a big house.

@E_MZ_

Жыл бұрын

@@Blackfatrat I’m 27. If I had kids I would literally be poor. Having a child is the single greatest threat to my way of life. I would much rather be cozy and cushy than to flirt with poverty and listen to screaming kids. But that’s me