10 Middle Class Beliefs Keeping You Poor

[@jamst174]

Definitely resonated with me. I come from a lower class background and was the first person in my family to graduate college. I had to learn everything on my own, from how to navigate the college admission process to now being a high income earner.

[@justvincenturb]

I used to think a "9-5" job was overrated. Now I think a "9-5" job is underrated.

[@xpulse4voffroad504]

That's the sign you'll be wealthy 💰

[@loft27ss]

The main source of your wealth- is your income-Dave Ramsey

[@SalemChick]

I genuinely appreciate all the insight and tangible advice Tae shares in every video--and the laughter I enjoy from his comments about his hair. All of it is fabulous!

[@PersonalFinance101-m7e]

This video really hits home on so many levels! It’s so true that many of the beliefs we grow up with, especially about money, can hold us back. The emphasis on working hard without understanding how to manage and grow wealth is something I can relate to personally. I appreciate the practical advice on building wealth through consistent saving and investing rather than chasing flashy, high-risk strategies. The reminder that wealth is more about disciplined, long-term habits than it is about big, flashy moves is exactly what many people need to hear. Thanks for breaking down these myths and providing such valuable insights!

[@JASONUSASR]

Consistent saving and investing ❤❤❤❤

[@dreamchaser5758]

Thanks for your transparency. I was so naive and clueless when it came to wealth. I thought once I become rich there would be no need for intentionality. No more budgets, reviewing statements. If you are a self made millionaire intentionality is a critical piece of success

[@ajthahippie6023]

I love your hair Mr Financial Tortoise

[@jeffherringa4709]

I changed my mindset from a spender to a saver/investor between 2014 to 2024. These are some of the things I did in order. 1. Pay Down Debt 2. Establish a High-Yield Savings Account 3. Establish a 401K/403b/IRA Account 4. Invest in Certificate of Deposits (CD's) 5. Establish a Treasury Direct Account (U.S. Treasury) 6. Make a Will (With Notarization) 7. Establish an Individual Investment Account (Chase). I also have a state pension and may be eligible for Social Security in 5 to 10 years. PK-12 Public School Teacher. Not wealthy, but not poor. Like most civil servants, we need to live within our means at some point.

[@saramm3765]

The first lesson is a working class lesson here for Americans as well as new immigrants. My parents were taught the same thing and that's what I was taught too. They also believed a house was the number one retirement plan. No talk of investing.

[@gorogorotodoro]

As a fellow immigrant whose parents also did not advise me financially at all, I very much appreciate this. Thank you!

[@niob9141]

This belongs to schools, sir! And your hair looks great again. Looking forward to more of your great content.

[@kreuk547]

Engaging in comments so you can keep your hair looking great. Thanks for the advice btw

[@monikalenz2559]

I faithfully contributed the max amount to my 401 for years and then saw that the high fees were eating most of the profits. High fees are something to investigate with an employer's 401. You can do better in your own IRA index fund.

[@70qq]

hopefully the company match will cover the fees ... my old 401k was crappy , but the match made it a good deal anyway ... and it was automated , which obviously makes it better ... this is all true of course only up to the max match they were giving ... everything else i put in my brokerage and Roth IRA

[@babakbabak5329]

Also with 401k you have a limited set of funds to choose from. When you stop working for the company which offers the 401K rollover to IRA. Don't leave the money in the old companies 401K. Their fees are usually high.

[@carolannstevens5814]

Dave Ramsey is my favorite as I don’t own a CC! It keeps life simple. It is what the Bible teaches. “You are a slave to the lender”.

[@anne-ix7fw]

Thank you for sharing your knowledge

[@wightwulf]

Great video. I agree with all of these but it does fail to mention that some people don't aspire to be rich, they aspire to be admired. And so they end up buying things they can't afford to appear wealthy even if they are not.

[@92368]

Hi Tae, some channels here are pushing the idea that we should invest in dividend paying stocks and not index funds. They say it's better than the S&P if we want to retire well. Could you please share your opinion on this, or possibly make a new video on it? I like the target retirement date index funds, but am I making a mistake? Thanks so much!

[@jlrob85]

“If you manage the cents, the dollars will take care of themselves”

[@ndiandy]

Hair comment-Awesome! 🙂 Great perspective and observations.

[@michaelswami]

If a financial adviser doesn’t disclose how they get compensated from your investment, run away.

[@WestCoastRoller]

Great video and I can relate to every one. It's our beliefs that cause our actions.

[@yingkouzen]

Great myth breaker & love to support your aspirations of being the finfluencer with the best hairline 💇

[@leticiaenraz8514]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

[@fred5528]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

[@dominicleong4385]

I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

[@annddyyy-6920]

I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

[@bigelbow4854]

I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

[@dominicleong4385]

I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.

[@ventsislavstoyanov9431]

thanks

[@joeldoesdesign]

9-5s WOULD be a safer option than self employment……if they paid enough to afford a middle class lifestyle. But they don’t. They’re also a giant risk because you can get fired at the whim of a single other person and lose your whole life savings while searching for another one. They’re not the secure path to financial freedom we’ve been led to believe. They USED to be like 50 years ago, but no more.

[@loft27ss]

Not true, find Mr Moustache and book “ your life or your money”

[@AK-47ISTHEWAY]

​@loft27ss Mr. Money Mustache is another fraud. He did not retire early, like he claimed. He simply changed careers. He started a very popular website and blog where he was receiving massive amounts of advertiser revenue and now apparently has his own construction company. He continues to work, but for himself. Thinking that you're going to stay with the same employer for your entire working life is no different than gambling. I would not take that bet. You need to learn as many specialized skills, trades, and professions as you can and start legitimate businesses.

[@Nick-un1em]

What's your opinion on building wealth w/ a 9-5 in today's world, for a 20something? Does it still hold true, given housing prices in any major city? Costs of kids, vehicles, health, everything has gone up so much that saving is so much harder today. What's the plan?

[@loft27ss]

Read a book “ your money or your life”, and look up FIRE movement with Mr Moustache who retired at 30yeld old

[@theaaronimal]

Haha! Love your transparency. Great info too 👌

[@vanessatrujillo7486]

Enjoyed your video!

[@YourFrienjamin]

Honest dude

[@MefenamicSoundwaves]

That hair part always gets me as a no hair 30yr old 😂😂

[@royhamamoto436]

Great info!

[@Tobiasdaniel78]

I freakin love your channel! 👍

[@SmartCurrencyTube]

Loved this video! Great stuff

[@saraaaaa1]

Great video

[@peterl2767]

Great info 👍 👌

[@katekathy2134]

He got jokes lol best hairline with a straight face too😂😂😂

[@SausalitoVicki]

Tae! So funny, about your gorgeous hair!!😂

[@beatscatmommy1735]

Wish I knew this before going to medschool! Lol

[@jasond3169]

Tbh, I mainly watch cause of your hairline and how immaculate it is. The wealthy knowledge is second.

[@viethuynh6808]

Buying a house and graduating college is the common way to building wealth. Stocks is to complicated. IRAs and 401ks are all lousy anyways.

[@aaronaustrie]

College is so stressful 🤦🏾‍♂️😔

[@why-kg6kx]

😍 what's that back there? How much did it cost...weights and all

[@fs5775]

Tae's hair jokes FTW 😎👊

[@77thPopeye]

Thanks for the informative video. You do have impressive hair.

[@saraaaaa1]

EARLY GANG

[@tB-zq2db]

this video is triggering but i needed to hear it

[@kwokweng76]

I love urr hair style tae 😂

[@kimLD187]

Thank you for no.9. We are definitely in the mindset that I just don't have good "discipline". That is a daunting place to be for sure. It leads to feeling like a failure and that I will never reach the goals that we have in place for family. We make 1 step ahead and 3 backwards. We've read, been to conferences, youtube, etc. Keep falling the same trap. We are determined though. This time has been prohibitive and I don't love this feeling. Thank you for all you do!

[@KeeptheChange41]

Spend less than you make snd invest the rest.

[@willerwin3201]

Please do a video on First Command! Your old Army buddies are getting fleeced by those jerks.

[@PJBHolden]

Great hair! 😂

[@romansutormin469]

If you invest just $1500 into S&P500 every month for 20 years you're gonna get $1m in your 401k (assuming that 10% growth rate of this boring stock will continue the average trend we've seen in the last 100 years). Plus it reduces your taxes. Then if you stop investing after those 20 years of your early career and just hold your 401k at rest for 10 more years, your $1m will become $2.5m. 5 more years of waiting and it'll be $4m! And it's not that long, just 30-35 years with only 20 years of active investing. Not rocket science at all. Boring but efficient.

[@babakbabak5329]

Owns 4 fancy cars! That just tells you he lives above his means and has no control over spendings.

[@asifkamalankon9657]

1st Finally.

[@ajthahippie6023]

2nd lol

[@saraaaaa1]

3rd

[@dreamchaser5758]

Congrats 🎉. A great start to your week. Kudos to sliver and bronze as well. 😊

[@ttrruaminpn5755]

I worked so hard, 60 hours on average a week. Sometimes 80 hours. What that got me is 250k a year. Plus, with my wife's 200k income, we saved 70%. We bought 8 houses renting them out, 500k in 401k and 1m in etf. Total of 6 million in net worth not including debt at age 35.

[@justinlarsen2281]

“Go to College”

[@nerdacs]

What if I have a 7-3 job rather than a 9-5? 😜

[@mbank3832]

9-5 is fine... until you got laid off for no reason

[@Constitution1789]

How embarrassing. I'm guilty as charged. The only reason I watch is because of your luscious hairline. 😊

[@avenj4659]

❤❤❤