10 Life & Money Lessons From Costco

[@TaeKimFinancialTortoise]

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[@Onlybadtakes2589]

I worked at Costco while i went to college back in 2010, they are flexible to your school schedule and pay 1.5 times your pay on sunday shifts. Made good money for a college student. After 4 years, i made 29 dollars an hour and around 42 dollars for sundays. With school, my hours ranged from 15 to 32 hours depending on how many Classes i signed up for. Only downside is that it can be a demanding job depending on your building and position. Recommend Costco to any college students or people who work retail

[@meluvYT]

what position did you have

[@JR-gy1lh]

Love this channel. Just simple, no BS yet insightful information. Keep it up Tae!

[@AJohnson0325]

My costco stock is up 43% since I got it. I looked into it more after charlie munger said he liked it so much. The financials look pretty good. I wouldn’t put all my money in one stock but I’m glad I picked up a handful of shares. Thanks for sharing about one of the businesses I own a piece of.

[@iAMprettycool3]

This is a great change of pace for the content on the channel! I always tune in for the ‘core’ of personal growth, but I’m sure there are others like me heavily involved in management/upper management in a business that appreciate the insight into businesses doing long term growth correctly!

[@fs5775]

Wow, CostCo should give you about a hundred free chickens for this video of yours. I am now a fan of the place, never been

[@avayu2289]

I love Costcos for everyday supplies. They make money from the membership fees and we get this paid for from rewards and generous cash backs. I don’t eat there though cuz I eat very healthy. Really good vlog on Costco business ethics and philosophy. Best Brick & Mortar ever!

[@RichardColwell1]

Tae Kim’s channel is a diamond in the rough

[@charlie64x2]

I love Costco. In my country it’s branded as Pricesmart. I have a CC that gives me 4% cashback on my purchases. Even though I’m single I buy everything in bulk and save tons of money. I put thought on what I need to buy and is extremely rare that something goes to waste.

[@skqq3250]

Yes Tae. Great video but here are my top 3 favorites: 1. Costco. 2. Aldi’s and 3. Marshall’s

[@MichaelBoelton]

how do you not have over a million subscribers?? this is one of my favorite channels!

[@SkankHuntForty2]

Because he's not pumping pop culture advice and telling everyone to buy Nvidia or Tesla to get rich quick. And most people want to build wealth fast.

[@trtlduv07]

Great video, thank you! I go to Costco every week and that chicken is a huge staple in my household. It was awesome to learn more about how they operate! Also love all of your other content too- very on point! Keep it up! 😃

[@ScipioAfricanus809]

Costco is a fantastic business, and financial tortoise is a fantastic channel. Keep up the good work Tae, I'm enjoying your videos from the UK 🇬🇧

[@dhdaikon]

Having seen a lot of your videos, I noticed there are a LOT of common lessons. But that's a great thing, you only need to remember and practice a handful of things. I enjoyed this one on Costco a lot because it shows these lessons work on all level of scale from personal to enterprise. I didn't know a lot of these behind the scenes about Costco even though I enjoy it as a member! And I liked your idea to shed light on how companies practice slow sustainable growth and look out for their people. We could all benefit from companies that operate like Costco

[@elaynecheu3464]

I got a lot of value from this! Please do more videos like this!

[@rickyyu7612]

Outstanding video, Tae! Appreciate your wisdom!

[@chrismd00]

Love Costco and I’m an executive member and investor.

[@fabionaka8066]

Costco: please make a commercial for customers, shareholders and employees all in one video. Kim: here

[@Eric12358]

I remember the first Costco in Spokane WA which was probably the 3rd one ever. It was originally only for teachers.

[@FemaleIncomeCreator]

I'm all for slow and sustainable growth 🙏

[@fixedincome008]

I love Costco! And yes, it was an instant click to watch when I saw Costco. 😊

[@chrisrizzo627]

Excellent video. Totally agree Costco is not only a fabulous company, it’s an even better investment.

[@yengcabs]

Thanks for sharing Tae!

[@ToySeeker]

1984 🌭 🥤 $1.50 “STAY AWAY FROM MY HOT DOG” 😂 Tae you’re the best!

[@soumyajeetchakrabarty6872]

This has been very very insightful, new found respect for costco

[@WorldsofAnne]

Costco is closed on holidays! Giving employees time to spend with their family❤

[@VikDFW]

Costco has negative inventory cash flow (they sell the items before the bills are due).

[@guncolony]

Such a fascinating company

[@tristonwebb7045]

11:00 What a quote 😂😂😂

[@Mikethecoolguy]

Met a guy who was rich who retired from Costco. They also take care of their employees.

[@herculesrockefeller8969]

You could probably learn from Trader Joe’s as well. Very good, Tae!

[@Sidksrbd]

Great video Tae.

[@vamsiallada8855]

Amazing!!

[@LsxDean]

Costco and tae video = Instant click

[@luisasterioquerubin6829]

I will copy the example of Costco. 11:39

[@saviourjc]

Excellent once again

[@UltraVe]

Thank you for the video ❤

[@OscarGarcia-fe5bu]

I like your gym setup 👌

[@peterl2767]

Great info 👍 👌 👏

[@Jack_Clemans]

Watching this it makes so much sense that you like Costco! You are the financial education version of their model :)

[@chiefenumclaw7960]

Good advice.

[@dannysanchez9919]

Those membership fees are bananas though

[@MrSlm1982]

I just subbed, I like your format. I'm surprised I didn't get you recommended to me sooner.

[@ParkDari]

I break down two Costco chickens per week leg and wing quarters and back. My husband eats off the bone. All the meat is chopped and frozen in a big Ziploc for use in dishes throughout the week. I also like the ability to try things like the taste test before I buy it because I really hate buying something and ending up disliking it.. I also feel that things that I use and like go on sale a couple times a year, which is nice. The price is already reasonable. Aside from the chickens we don’t buy convenience food just base Staples like single source olive oil or basmati rice we don’t stray from our shopping list.

[@tonyp9313]

That's cool you cut up the meat & you freeze that in a Ziploc bags. It's also very good to organize your fridge & freezer that way as it takes up way less space too. I try to not buy to many things at Costco to save space in my house.

[@tonyp9313]

Costco is very good. However they are very limited in choices & you have to buy in bulk there which is a good and bad thing. All bathroom stuff etc 100% Costco. Food is where it gets iffy. Do I really need to buy 10 boxes or more of Kraft Macaroni & cheese when maybe you want 3 or maybe you want Hamburger Helper & that's something Costco doesn't sell. Condiments like Mayonnaise, Ketchup, Mustard etc. Do I really need to buy a big jug or maybe pairs of 2 & pay them $10 or something, & yeah you might save $2 or $3. Or maybe it's just better over paying for a small ketchup bottle that'll cost you $5 - $6 and keep that for a while. Milk is an example of something that is not worth to buy there. You'll pay Milk like $4 there. However the problem is to go in get that milk I have to drive at least 10 km. Also you have to go in the morning cuz Costco are always packed. My local Grocery store is like 1km distance from my house & nobody goes there & you buy your milk at $5.

[@kjkang11]

Long on COST

[@seanh2390]

interesting and relevant video !

[@WowThingsThrift]

Great video🎉🎉🎉🎉

[@niceguybille]

A great video highlighting why Costco is a successful and well liked company. As a card holder at both Costco and Sam’s club I’d like to see those two compared over Walmart, I suspect the comparison would be closer. 👍

[@gypsybones]

Sam’s is the same company as Walmart

[@frankalexander5401]

Slow and steady path to wealth is OK, but NOT TOO SLOW because, in the end, we will die never becoming RICH if the route is too slow!!! I don’t want to make my fourth generation wealthy while I eat tuna fish sandwiches.

[@Constitution1789]

Too bad there isn't a sure fire way to build immense wealth in a year. Something like that would require a great deal of self-improvement and skill building if you didn't want to risk money.

[@aussieexpat]

Your numbers on Amazon costco and Walmart are wrong. Walmart is still easy ahead.

[@NewGuy2024]

Unfortunately my wife seems to buy unnecessary items from Costco that she wouldn't regularly buy due to: this must be a great deal mentally. Several snacks she bought really suck, and it takes up space in the pantry and she won't throw it away.

[@gypsybones]

return them

[@tonyp9313]

For Snacks Costco is probably the worst store for that, since they lack choice & some of the food are only there like in the Summer then that same food you want to eat in the winter is gone. Costco is a store I really hesitate to buy things in. If example I bought ice cream for $20 For like 18 drumsticks etc, then I ain't buying the other brand of ice cream that costs me another $15. Where as Walmart or other grocery stores maybe you buy maybe ice cream that costs $5 & yeah you over paid it by 1-2 but now you can maybe buy other flavors at $5 & save money that way because you have more choice even though it's a lesser quantity.

[@PraveenKumar-fu5eo]

Tae background = Mental + health wellness improves wealth

[@justadudeintheworldman.120]

Wish they’d bring back the garlic pepper chicken legs 🍗

[@Papeeshka]

I love costco but am really disappointed to learn that fluoride toothpaste is bad for your thyroid and it is The only choice they offer.

[@Geemeel1]

.... A hot dog and a drink for a $ 1,50... and it has not been changed for years... with the cost of living that is impossible so guess who is NOT getting paid anything here.. and it aint Costco.... 🧑‍🚀What is to good to be true, usually is. (apart from the ingredients of that cheap hotdog....🙃)

[@raycody]

I'm a member of Costco because a couple of things I buy make it worth it, but the stores basically suck. Checkout lines are hectic, food court is dirty and disgusting, parking lot needs a traffic cop, and so many customers walk around the store like they're the only ones that matter, blocking aisles while they wait on food samples for their 5 kids. It's always crowded and I can't wait to get out of there. I hate going in there!

[@tonyp9313]

Yup I totally agree with what you said here. I am trying to go to Costco as less as I can. If I feel like I don't have to buy meat, Bathroom & cleaning products, I'll go to my local grocery store to buy food & save a lot of my time & effort.

[@kofiasco]

Costco does spend some money on advertising. I’m always getting those coupon mails. That’s marketing. Now, whether those mails go to nonmembers - I don’t know.

[@jbrc1322]

Those only go to current members

[@zackgallinger-long4459]

I listen to your videos at 2x speed because it's a little too tortoise. Please get to the point faster!

[@davidwilson9976]

Costco is one of the few businesses that respect employees and shareholders.

[@LadyBugz108]

I know people are in love with Costco. Unfortunately, I’m not one of them. My brother shops at Costco and we live together. He buys everything gigantic size and I can barely find storage space for my stuff.

[@MichaelBrown-pg5dy]

Lets be honest, he just forgot about his Linkedin profile like pretty much everybody else

[@patrick7228]

Based on the Nasdaq photo, the executive team looks very different than Costco labor. Must be a tough company to move up the ladder. 🙄

[@andriuszukauskas6348]

Hopefully they make decisions based on whats the right thing for their employees and the customers, not only based on popularity contest or what "outsiders" think they need to do and what agenda needs to be pushed. Also comparing to other stores seems that Costco employees are much more happier. If someone gets to the point where they cant get into executive level - pretty sure at that point there are plenty other companies that would take such a individual and would give him or her chance to be rock star there! Costco seems to be more as old school company where someone has position pretty much till they retire

[@patrick7228]

@@andriuszukauskas6348 "Costco seems to be more an old school company". Maybe.

[@AVERAGEJOE-fo3iq]

Tae 💩