20 Shocking Facts About American Consumerism

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Gabe Bult

Gabe Bult

Күн бұрын

These are 20 Shocking facts about American consumerism. From the amount of things we own to the amount of money and debt we have.
As i went over these, It really shined a light on what I am doing personally and gave me motivation to not follow the crowd. I hope it does the same for you.
Instagram: / gabe.bult
Check out my podcast Finances Unfiltered apple.co/37WGpJG

Пікірлер: 262
@linseymcglocklin7193
@linseymcglocklin7193 4 жыл бұрын
People not having money for basic emergencies is such a real issue.
@GabeBult
@GabeBult 4 жыл бұрын
💯
@seppyq3672
@seppyq3672 4 жыл бұрын
Extremely evident, especially now.
@granitemoss1451
@granitemoss1451 4 жыл бұрын
We, as a society, don't have that money because we've wasted it all on 'stuff'. Our priorities are entirely backwards. We don't need another pair of jeans or a new phone, we need financial security.
@denisestathatos4147
@denisestathatos4147 4 жыл бұрын
This is a real problem because there is a cycle of debt.
@thunderlifestudios
@thunderlifestudios 4 жыл бұрын
let's combine our money, let's use my bank account
@tinylittlebutstillalion4101
@tinylittlebutstillalion4101 4 жыл бұрын
I live in Switzerland and just Subscribed to your Channel. I used to spend a lot off money on clothes and bags. I decluttered my closet 2 times during lockdown and have not been bying any clothes for about 7 months and i do not need any new clothes probably the next 5 or six years. I am really enjoying my new frugal life, and i can not see me going back to wasting that much money anytime. It has really changed the way i look at life.
@GabeBult
@GabeBult 4 жыл бұрын
That's awesome karen keep it up! 👏
@tinylittlebutstillalion4101
@tinylittlebutstillalion4101 4 жыл бұрын
@@GabeBult i sure will😀
@dieselboy77
@dieselboy77 4 жыл бұрын
@@tinylittlebutstillalion4101 I want to move to small Village in Switzerland and get away from the big city . small village people seem happier. Wish I had enough money to move to near Black Forrest in Germany
@bridgetlove1884
@bridgetlove1884 4 жыл бұрын
Someone I know used to say something to the effect that it is silly that Americans have a $40,000 car parked outside while storing a few hundred dollars worth of junk on the garage.
@GabeBult
@GabeBult 4 жыл бұрын
💯
@MRSNVD
@MRSNVD 2 жыл бұрын
I think this is the case with some Americans, not all.
@divingfree
@divingfree 2 жыл бұрын
We don't have a garage but we have two attic spaces. We recently emptied them. What's the point storing stuff you're never going to use?
@OnCashFlow
@OnCashFlow 4 жыл бұрын
The more I think about it, the more I see the benefit of looking at what everyone else is doing and doing the opposite. You could probably get pretty far in life just by doing that.
@GabeBult
@GabeBult 4 жыл бұрын
Absolutely agree
@kithu1231
@kithu1231 3 жыл бұрын
Totally like Most great people ,do things that 99 percent of people would not do...be that 1 percent..keep going
@Jane_Friday
@Jane_Friday 3 жыл бұрын
Nor as far as when you choose freely and wisely. When you do just the opposite of what everyone else does, you are just as unfree as if you would do what everyone lese does.
@israelalex3881
@israelalex3881 2 жыл бұрын
I guess im randomly asking but does anyone know a method to get back into an instagram account..? I was stupid lost my login password. I appreciate any tips you can give me.
@imranpaxton6538
@imranpaxton6538 2 жыл бұрын
@Israel Alex Instablaster :)
@Mexicobeanpole
@Mexicobeanpole 4 жыл бұрын
The issue of people not having $400 or $1000 for an emergency is mind blowing. I bet that is because Americans see credit cards like they’re “money” instead of saving cash.
@jmoney6652
@jmoney6652 4 жыл бұрын
Beach Town Reseller very wise, plus most people have no clue about financial matters. They would rather use credit cards at high interest to look wealthy than actually do their homework and improve their financial situation.
@brucemarsico6
@brucemarsico6 3 жыл бұрын
It is money...and ....if one pays off the bill, in full, every month and the card pays cash back, no sweat.
@kellycato253
@kellycato253 3 жыл бұрын
I have Recently implemented a weekly toy rotation system in our house. Took me about two months to Declutter and organize my kids toys. It’s been one of the most rewarding things I’ve done for my children so far. They play deeper and harder with fewer toys then they ever did when they had access to all the toys we owned. I wish I would have started it 6 years ago when my first was born.
@karenmahala-murphy2670
@karenmahala-murphy2670 4 жыл бұрын
Great video Gabe! I’m definitely in the minority of Consumerism...ie-I have 2-pair of jeans, 5-6 tops I rotate for work, 2-pairs of shoes, & we barely have 1-trash bag full of trash per week, to list just a few items. Your videos are very informative and I look forward to watching them each week...along with sharing them with family & friends. Thank you!
@hollyhayden8817
@hollyhayden8817 4 жыл бұрын
I really enjoy these videos! I'm from the UK but I imagine we consume to a similar extent. I was watching a german documentary about how unsustainable our throw-away and always 'needing' more approach to clothing is. They said in Europe the UK is the worst for this and the more I educate myself about sustainability and minimalism the more I think everyone should be watching videos like yours and making these changes in their lives!!
@GabeBult
@GabeBult 4 жыл бұрын
I'll have to check out that doc
@alexandradunn1320
@alexandradunn1320 4 жыл бұрын
What is the name of the documentary
@gatanegra8815
@gatanegra8815 2 жыл бұрын
It´s 300 000 things for a household in the US and 10 000 in Europe. That´s the information I got. Ok, Europe has a lot of countries, and I am not sure, whether this number is a European average or applies only to Western Europe.
@dandennis4602
@dandennis4602 4 жыл бұрын
My #1 goal for 2020: don't buy any new clothes. Aside from buying a few masks, so far so good.
@GabeBult
@GabeBult 4 жыл бұрын
Good luck 👍!
@misssicily100
@misssicily100 4 жыл бұрын
you can always buy one mask that you can keep washing.
@flynnmalin
@flynnmalin 4 жыл бұрын
@@misssicily100 Work smarter, not harder. 1 item washed constantly, wears out MUCH sooner, than buying 7 items (masks), and washing them once weekly.
@simock03
@simock03 4 жыл бұрын
@@flynnmalin Yes, but only because you're then wearing out the other 7 items as well. That's like saying, if I wear 7 different pairs of jeans each week that last me 7 years it was a smart investment because otherwise 1 pair would have worn out in 1 year. There is the opportunity cost that is lost with buying larger than necessary quantities at once and then you have to store them all.
@misssicily100
@misssicily100 4 жыл бұрын
flynn malin did not think that washing one mask by hand was a lot of work and buy good quality then cheap can still last more then 10 cheap masks in my opinion.
@flynnmalin
@flynnmalin 4 жыл бұрын
This is timely. It needs to be shared.
@GabeBult
@GabeBult 4 жыл бұрын
Awesome thanks Flynn!
@jillians5792
@jillians5792 4 жыл бұрын
Great timing to reflect on this during the current situation happening in the world, thanks for the thought provoking content!
@GabeBult
@GabeBult 4 жыл бұрын
Glad u enjoyed it Jillian! 👍🔥
@arnav3642
@arnav3642 4 жыл бұрын
Your videos are the shit. Down to earth, conversational and genuinely cool. I wish KZbin was more like this.
@GabeBult
@GabeBult 4 жыл бұрын
Thanks I appreciate that that's the goal
@yoste
@yoste 4 жыл бұрын
Closing in on those D’avella biceps mate haha
@GabeBult
@GabeBult 4 жыл бұрын
Best complement I've ever gotten
@minnamaarit
@minnamaarit 4 жыл бұрын
Here in Scandinavia we have seen these things for quite some time from distance and are superhappy for smart american like you waking other up Brilliant content, as usual ♥️ I wish there were more ppl like you
@GabeBult
@GabeBult 4 жыл бұрын
💯👍
@misssicily100
@misssicily100 4 жыл бұрын
I want to move back to europe. I cant stand North america.
@dieselboy77
@dieselboy77 4 жыл бұрын
@@misssicily100 Life in Europe is less stressful. Yeah, you don't have a million things but you also don't feel overwhelmed. No wonder Americans are depressed lol
@adelest9500
@adelest9500 4 жыл бұрын
That 300000 items thing is a bit weird to me since no one explains what they count as an item? is food in the fridge an item? if I have a box of toothpicks is it one item or 100 items? is pair of socks one item or two? etc. I'm not saying it's wrong (I mean I'm not even american, how am I to know how many things you have) but I would like some clarity here
@GabeBult
@GabeBult 4 жыл бұрын
True I didn't see what they counted as 1
@kristinestocker
@kristinestocker 4 жыл бұрын
I've thought the same thing about this statistic. Is a set of dishes 1 set or 20 single items? Are we counting every roll of toilet paper and box of Kleenex?
@iwheretheshoes
@iwheretheshoes Жыл бұрын
Every piece of Lego in a set 😂
@landeRUCK
@landeRUCK 3 жыл бұрын
Couldn’t agree more. I’m not perfect by any means but in the pass I’ve always tried keeping up with the newest and best thing. I found you and Matt D and y’all brought a lot of light to my financial stress. With us moving to Oklahoma a couple months ago I’ve made it a plan to declutter things and my life.
@lacigalvanssleepmeditation8160
@lacigalvanssleepmeditation8160 3 жыл бұрын
I personally enjoy thrifting as opposed to going to regular stores with cookie cutter items that everyone has. You can make it a day activity and also find little treasures and that is funner to me. Plus, repurposing is helping the environment.
@mariawesley7583
@mariawesley7583 3 жыл бұрын
I've always said that if I ever visit the LA area the only sight I'd be interested in seeing is the Puente Hills dump, the largest landfill in the US. They stopped accepting new refuse in 2013, but I'm sure it would help me comprehend the enormity of our throwaway culture.
@guillaumel2049
@guillaumel2049 4 жыл бұрын
Hi Gabe! Interesting facts :D "40% of Americans don't have $400 in the bank for emergency" Oh God That's terrible really!
@MargieLeigh3
@MargieLeigh3 4 жыл бұрын
that’s capitalism for ya!
@daisy8284
@daisy8284 4 жыл бұрын
MargieLeigh3 that’s irresponsible people who’d rather have the newest iPhone for ya!
@jeighceebaylon
@jeighceebaylon 4 жыл бұрын
There's a really good video about hyper consumerism by Erin Janus entitled Get Out of the Materialism Trap. Opened my eyes on my purchase decisions.
@GabeBult
@GabeBult 4 жыл бұрын
Ill have to check it out
@sharalli3112
@sharalli3112 4 жыл бұрын
The statistic about toys really shocked me (yet is strangely not surprising). I personally don't use my garage for my car (unless I'm worried about a hail storm), but that's only because I use it as a home gym. Because I refuse to buy a gym membership.
@GabeBult
@GabeBult 4 жыл бұрын
That's a good use for it I used to do that when I had a garage at my parents 😂
@lamoon1525
@lamoon1525 4 жыл бұрын
My own way of saving food dollars is to only make enough food for one meal...no extra. This saves a lot of ways...no tablespoon of peas in the fridge gaining sentience, no extra pounds around my waist. I don't buy food people in my house won't eat no matter how healthy it might be. I gave that up a long time ago. I don't buy snacks...I will make them, but only one dessert/snack per week. This saves lots more money. Soda's are a big money waste. Alas I can't seem to get my hubs on board with that one...but I don't use it myself. There are things he doesn't like that I do. So we balance and compromise. One place we do not compromise...our bills are paid on the first...always no ifs no ands, no butts.
@meghaarya3068
@meghaarya3068 3 жыл бұрын
When KZbin makes u watch 2 ads before a consumerism video...
@Mexicobeanpole
@Mexicobeanpole 4 жыл бұрын
That shopping statistic is fake. Women shop more because they do the majority of their families shopping. Retailers know this. Women buy for themselves, their husband, their kids, their pets. They also mostly do the food shopping.
@Karenkorah
@Karenkorah 4 жыл бұрын
Thanks. You said exactly what I was going to say. Also, if women are spending more time shopping its because they are taking their time to make decisions and comparison shop, instead of throwing the first thing they like in the cart. It's not a hobby, it's a necessity, sometimes it's even a chore.
@erakkovaatainen148
@erakkovaatainen148 4 жыл бұрын
Yeah and then selling it on second hand...
@oliviafox3310
@oliviafox3310 4 жыл бұрын
I've always wondered about those food stats. When I worked as a catering temp, a huge amount was thrown away from hotel events. I imagine the same kind of percentages apply to other food industries. Like restaurants, hospital cafeterias, school lunches. // The other stat I question is women shopping. Even when I worked more than full-time, I did the grocery and clothing shopping for the family. I suspect that's common.
@mewpie85
@mewpie85 3 жыл бұрын
Um, that's a little sexist. Not all women shop for their families or do food shopping. Some do but not all. Also, digressing a little but not all women get married either.
@Karenkorah
@Karenkorah 3 жыл бұрын
How is that sexist? To say it's a woman's job to do the shopping would be sexist. To frame this statistic by saying women are shopping more because we like are bored or like shiny things or we are financially illiterate is sexist. But to state a fact (and it is a fact) is not remotely sexist. If I say on average men are taller than women. It's not sexist. It's a verifiable truth. The study referred to in this video was done in the UK, and if the study was conducted properly then the findings are valid. No bias. Just statistics. In 2019 Pew did a study finding that women overwhelmingly did the meal preparation and household shopping. Facts. No one is interpreting these as good, bad, right or wrong. This is simply what the data tells us.
@chriskappler3482
@chriskappler3482 4 жыл бұрын
I LOVED that you did the SIRI question that way instead of just asking people to answer your question in the comments. Great way to do it !
@axm601
@axm601 4 жыл бұрын
The whole US economy relies on consumerism and a part of the population being paid the minimum wage (hence why a part of the population struggles), I'm not completely impressed
@RachelleinTheory
@RachelleinTheory 4 жыл бұрын
I like the concept of the video but any analysis of consumerism must take into account social, economic, and political forces that keep people poor, keep companies exploiting workers and customers, and keep people buying stuff they don't need. Most people who are low income are not low income because they can't stop compulsively buying things. Another commenter posted about the women shopping statistic being fake/misrepresented because it's actually that women do most of the family shopping which is why they have so much purchasing power - this is a critical example of this. When we talk about consumerism, we have to ask why things are the way they are, not just point out the debt intense consumerism will inevitably lead to.
@iwontreplybacklol7481
@iwontreplybacklol7481 3 жыл бұрын
You're thinking to deeply into it, the smooth brains cant comprehend
@ErutaniaRose
@ErutaniaRose 2 жыл бұрын
Yes, exactly! I know for me, one of the main reasons I cannot move out (I have tried) of my parent's place is because of medical costs. I can barely get a job to pay for an apartment, just the rent. That's even before food, bills, toiletries, etc. But the main thing that keeps me, dependant? Medical bills. For a single trip to the hospital, because I could not breathe (and had no one to drive me), it cost over $400 with insurance. I had to beg my Dad for money and it was degrading. Nobody should have to beg to not go into debt over a doctor's visit, and this was one of my cheaper ones.
@camthesaxman3387
@camthesaxman3387 2 жыл бұрын
If the money people spent on unnecessary goods went to public infrastructure like health care and transportation, poor people would have a much easier time getting by and not struggling to pay medical bills and car expenses.
@RachelleinTheory
@RachelleinTheory 2 жыл бұрын
​@@camthesaxman3387 ​ It's interesting to think about how this could be enforced. Could there be a tax on "unnecessary" things that directly supports healthcare, transportation, etc? Further, who decides what is "unnecessary"? Take the Snuggie, for example, which might feel superfluous at first glance - unless you're wheelchair bound. It seems like an income tax might cover this easily, as anything above a certain income level is likely "unnecessary." (Studies have proven that increased income above a comfortable level doesn't contribute to happiness, anyway.) I think this is the philosophy behind most income tax increases these days; there's no reason for outsized wealth, for buying extra private jets or limited edition $800 hoodies or whatever, but regular people need the goods and services that money could provide. Personally, I feel that the blame for lack of healthcare, transportation, and other services doesn't really rely at the feet of consumers. Sure, hyper-consumerism is a problem, but imagine if the government diverted taxes from policing and militarization, which eats up an unnecessarily huge amount of money spent on all other services for people. While everyone would benefit from a little more examination of their own consumption habits, individual peoples' impact continues to be very little compared to big business and government across many lines that intersect with consumerism. This comment is, of course, rooted in the American experience.
@the_real_mister_ed
@the_real_mister_ed 7 ай бұрын
TV’s in my house… we are down to 1. When my daughter moved to college, I gave her our other TV for her apartment. She uses it more for a laptop monitor than anything else. We cut the cable/satellite cords years ago. We have a couple of streaming sources that have commercials. Yes, that push consumerism like crazy… just like ads on KZbin and any social media platforms. Other sources of constantly pegging the “I WANT IT” meter in your life are Pinterest, Etsy, and the like. Don’t forget that Amazon can really peg that meter, too. Financial pressures to spend rather than save are coming at us from everywhere!
@jenison2985
@jenison2985 4 жыл бұрын
Great content! Thanks for the information, truly appreciate it! So important to teach our young people good habits at an early age. I’ll be sharing this with mine!
@jeremyj3017
@jeremyj3017 4 жыл бұрын
Great video as always! I haven't bought a t.v. in years. What little time I spend watching a t.v. show I watch it on my phone, small, fits in my pocket, uses very little power and most importantly less carbon footprint. I just make sure to limit my phone time
@GabeBult
@GabeBult 4 жыл бұрын
Good call 💯👍🔥
@spring7643
@spring7643 4 жыл бұрын
How do you recommend limiting phone time? I struggle with that.
@jeremyj3017
@jeremyj3017 4 жыл бұрын
@@spring7643 I do maybe an hour each morning and then get to daily chores/ activities and then after dinner a hour. I read a lot which is a major help. Stay active such as riding a bike, hobbies, gardening, ect., that will cut down on your phone time too. Replace it with a new healthy habit
@amberp5207
@amberp5207 3 жыл бұрын
I just came across your channel for the first time today. My parents hardly ever bought me toys. It wasn’t bc they didn’t have the money though. My husband’s parents did him the same way too. I loved My Little Pony’s when I was little, so I went on a spending spree and bought her a ton of them online from Amazon, Target etc... I did have enough sense, once all these boxes of toy ponies started showing up at my house, to realize that I was buying my daughter what I had always wanted as a child. She’s only 19 months old. She can barely talk. Today, she was thrilled w/a balloon I bought her for $1 from the Dollar Tree. I seriously need to get a grip on myself.
@spring7643
@spring7643 3 жыл бұрын
It's the experiences we remember, well for me anyway.
@Cat_in_Spacetime
@Cat_in_Spacetime 3 жыл бұрын
Man, seriously Great video all the things you spoke about Consumerism is so true in this new World. Keep up the Good Work. Much underrated Guy on KZbin.
@GabeBult
@GabeBult 3 жыл бұрын
Thanks!
@ilovejulie89
@ilovejulie89 4 жыл бұрын
When my parents were together and my brother lived with them, they had a 3 bay garage. Couldn't park a car in any of them though. My dad keeps things for 'just in case'. I have learnt that I don't need to buy thing like power tools as the small job I'm going to use it for, I can borrow it from family. There's no need for new in many situations
@XB75015
@XB75015 4 жыл бұрын
I was shocked by this consumerism when I moved from France to California
@spring7643
@spring7643 4 жыл бұрын
How is it different?
@GabrielFerreira-ue8hs
@GabrielFerreira-ue8hs 3 жыл бұрын
Yes I know Europe is some how a different kind of capitalism
@camthesaxman3387
@camthesaxman3387 2 жыл бұрын
Europe is the good kind of capitalism.
@stevec404
@stevec404 4 жыл бұрын
I'm with you. We are slaves to our 'stuff'. I woke up very late in life...yet am now on a better track. Subscribed.
@jamesjaime4140
@jamesjaime4140 4 жыл бұрын
Thanks for the content. I personally use it to reflect in my own life choices.
@GabeBult
@GabeBult 4 жыл бұрын
Awesome 👍
@p_sg3449
@p_sg3449 3 жыл бұрын
Good thing that younger generations are waking up to excessive consumerism and not only the damage it does to them but ultimately to the planet.
@HaveWhatBringsMeJoy
@HaveWhatBringsMeJoy 4 жыл бұрын
I love this video. Actually, everything stuck out to me. None of the facts surprised me. I am a minimalist. I love minimalism, it is my favorite subject.
@lamie13
@lamie13 4 жыл бұрын
Subscribed around your 27k mark. I will not be shocked when i see the number rapidly grow in the next couple of months! Great contents!
@GabeBult
@GabeBult 4 жыл бұрын
Thanks!
@BeastorFail
@BeastorFail 4 жыл бұрын
Just found your channel man, you have great content and insight. Subscribed😀
@markcallais6413
@markcallais6413 4 жыл бұрын
Regarding children and their toys- my struggle is in-laws who owed buy. I am then stuck with the decision to donate gifted toys or keep too much around. Giving away gifts seems wrong, but I can’t stand to have way too much
@oscardaone
@oscardaone 2 жыл бұрын
I figured all this out years ago. I’m still not minimalist, but my spend has become frugal the past few years. Also realized (not to bring up politics) that American being corrupted as is, it’s all about the money. Consumerism is just then biggest factor either in healthcare or material possessions.
@Cosmo26271
@Cosmo26271 4 жыл бұрын
Excellent video! Will make me think twice before spending
@saren3115
@saren3115 4 жыл бұрын
The tv one is soo true! There’s six people in my parents house and seven tv’s. Though I don’t use mine in fact I told my dad to take my cable box out since I use Netflix on my phone or computer more:)
@EvieSaintAnn
@EvieSaintAnn 2 жыл бұрын
So much great info in this video. I don’t have as much stuff as others bc I hate collecting too much but still I want to cut down more.
@scrumtrellecent
@scrumtrellecent 4 жыл бұрын
I know what it is like to be broke. I am not broke anymore, but I chose to live like I am broke.
@BlazinTexan
@BlazinTexan 4 жыл бұрын
I got told by my Acquaintance that why do I like to live poor. Well I don’t wanna have extra bills. I’m okay driving around 21 year old car. Sure the paint is not attractive at all. But it still mechanically running
@awpetersen5909
@awpetersen5909 4 жыл бұрын
@@BlazinTexan i think it s cool to use your car as long as possible...I do the same.
@priscillajimenez27
@priscillajimenez27 4 жыл бұрын
I'm not a parent either until marriage but yeah I'm definitely not spoiling my kids. Also I've been trying to be a little more minimal and low impact with my lifestyle as well. My Achilles heel though is having so many books! If I need storage it for that and a few classroom supplies and art supplies. I use to be a teaching assistant and love kids and I'm also artist. So those are my biggest things. I've donated a ton of clothes, and am using up beauty/hygiene items I've had or my folks gsve me since they don't use them; so they're not wasted and are properly recycled. I e always felt like my mindset never lined up with the US mindset of consumerism.
@denisestathatos4147
@denisestathatos4147 4 жыл бұрын
The Food waste problem!
@oldsoles
@oldsoles 4 жыл бұрын
I just said to my husband today... we need to be smart about our finances... I would rather do without a luxury in our youth, than to go with a necessity in our retirement age.
@julieb7785
@julieb7785 3 жыл бұрын
I try to commemorate every year with a class, a jaunt, a lecture series, music lessons, et c. (You're comment is a wise one..you'll have a good life.....)
@moises9090
@moises9090 3 жыл бұрын
I love the dark background. And amazing video. New sub here.
@WhenWillILearn
@WhenWillILearn 2 жыл бұрын
Would you consider it credit card debt if you have the money to cover it in the bank?
@PunchNugget
@PunchNugget 3 жыл бұрын
love these videos
@nvaranavage
@nvaranavage 4 жыл бұрын
We are one of the few homes that can't use their garage because of the way it was designed. Too much money to do the demo to fix it, so we use it as the outdoor "shed". Lawn mower, wheel barrow, tree cutting tools, kids bikes, etc are stored in it instead to use the space efficiently.
@ahmedjama7767
@ahmedjama7767 3 жыл бұрын
Keep it coming, bro!
@stephanieholmes5272
@stephanieholmes5272 4 жыл бұрын
How much money do you have to have leftover to not be living paycheck to paycheck? I save about $200 a month, but because I am saving up for a car, and I have debt, and because I budget my savings instead of just having leftover money in my checking account when payday comes around again, I feel like I am still living paycheck to paycheck, and I don't know how to move past that.
@claudiazam-rod3362
@claudiazam-rod3362 4 жыл бұрын
Great video! Great info I will share it
@GabeBult
@GabeBult 4 жыл бұрын
Glad you enjoyed it! Thanks 👍🔥
@hastip.5852
@hastip.5852 3 жыл бұрын
Awesome videos👍🏼keep it up
@harrisvohra3637
@harrisvohra3637 4 жыл бұрын
Great video as usual!!!
@GabeBult
@GabeBult 4 жыл бұрын
Thanks Harris!
@PaintedCavern
@PaintedCavern 4 жыл бұрын
Saving money when you're young sounds good, but in fact inflation eats most of it away over time, unless you save it as real assets like silver, gold or real estate.
@GabeBult
@GabeBult 4 жыл бұрын
Absolutely that's the only reason to save money is so you can invest in real estate or something that all make money
@serious_in_seattle6917
@serious_in_seattle6917 2 жыл бұрын
The stock market outpaces all of those investments. Real estate can be a good investment, too. But don’t put all of your eggs in that basket either. Precious metals can be useful as a hedge to other investments for high net worth investors, but far too volatile for most people. Only a small percentage should be considered for precious metals.
@Autisticheather
@Autisticheather 2 жыл бұрын
I paid off all my debt besides my small remaining mortgage and my impossible to pay student debt. I have investments and two month s worth of savings. I was just wondering what my next step should be and you reminded me...retirement! I do not have that squared away. So thank you... that will be my next step. (I feel like i don't want to waste 100,000 paying off my USELESS RACKET of a student loan. Because i JUST got my finances under control at age 48... it has tripled in size from interest. Any advice you can give me on that?
@TheMEGACOCAINEADDICT
@TheMEGACOCAINEADDICT 4 жыл бұрын
People who go to college make more money in the long run. There are a ton of gen zers rn who won't be finding jobs rn because they don't have a college degree. College is super important, but taking out debt to go is the pitfall.
@GabeBult
@GabeBult 4 жыл бұрын
If your goal is to work 40 years at a job you don't like and not have financial freedom in your twenties or thirties then college is probably the way to go
@lmv2.787
@lmv2.787 4 жыл бұрын
I think I've bought my kids 6 toys because we've gotten so many hand me downs and presents. I really need to start giving some away.
@tanndigedan2261
@tanndigedan2261 4 жыл бұрын
Awesome content as usual 👍😁
@GabeBult
@GabeBult 4 жыл бұрын
Thanks Tann!
@supertesla19
@supertesla19 4 жыл бұрын
Looks like I’m going to get busy listing items on eBay and donating things.
@jenniferr3215
@jenniferr3215 3 жыл бұрын
I realize this is late, but do you have citations for these facts? They would be interesting to review.
@acajudi100
@acajudi100 3 жыл бұрын
I am so glad that I was raised not to beg or accept anything from others, but to be a giver to non beggars to help themselves. Evil demons can never have enough money, and no matter if you are rich or poor, they will want your money. Please help who you want, but not greedy beggars, who only care about what you give them, buy from them, and do not care about you. I thank my parents for raising me not to beg.
@amitarora698
@amitarora698 4 жыл бұрын
Very thoughtful
@munirasultana2313
@munirasultana2313 2 жыл бұрын
Well Said, Gabe 👍
@dieselboy77
@dieselboy77 4 жыл бұрын
I only buy stuff I can afford and owe 0 credit cards, I'm from. Europe and we don't waste our money. Also, I rather go on a nice vacation in Greece than spending money on worthless stuff
@ArtyAntics
@ArtyAntics 3 жыл бұрын
We? I know plenty of Europeans that waste money. Most people I know fit in this category. I used to waste money before I learnt how to cook/how much I really needed etc...
@painuchiha2694
@painuchiha2694 4 жыл бұрын
Just found your channel I like it👍
@GabeBult
@GabeBult 4 жыл бұрын
Thanks !! Enjoy
@jvyeknom
@jvyeknom 4 жыл бұрын
That just blew my mind. The idea of having 100,000 items and selling each one for a dollar. 🤔
@GabeBult
@GabeBult 4 жыл бұрын
Or at least not buying them and saving that much
@jvyeknom
@jvyeknom 4 жыл бұрын
@@GabeBult I'm doing that now but I also want to get rid of stuff
@yoshl1795
@yoshl1795 3 жыл бұрын
If you only needed one minute to sell an item, it would take 2-3 months (not doing anything else, no sleep, no food, no work, no freetime, not even going to the toilet...)
@Whigu
@Whigu 3 жыл бұрын
I didn't get rid of my TV yet but I stopped watching it about two years ago and don't think that I have missed anything important so I will get rid of my 55" TV when I find somebody who want to buy it. I really don't need it anymore... actually I never needed it I just got so used to have tv.
@karynm3365
@karynm3365 4 жыл бұрын
Wow! This is eye-opening and sad. We have so much stuff that not only do we need big homes with big garages to hold everything, but then we need a storage unit as well!
@GabeBult
@GabeBult 4 жыл бұрын
Absolutely. Everything is just scaling up with the keeping up with the Joneses
@kdonely4943
@kdonely4943 4 жыл бұрын
Great video
@yeliface1
@yeliface1 3 жыл бұрын
Im a female. I dont buy make up or any girly stuff...i dont do my nails...only time i do my nails is for special occasions... Im slowly becoming a minimalist...its a very very long process.
@gatanegra8815
@gatanegra8815 2 жыл бұрын
Make up is so overrated. The only things that will do smth for one´s appearance are proper nutrition, sport and plastic surgery.
@krystalchristensen3555
@krystalchristensen3555 4 жыл бұрын
I am a parent and I agree with you.
@hydroaegis6658
@hydroaegis6658 3 жыл бұрын
There is no way I have 300k items in my house. Unless you're counting every sheet of paper and plastic bag which is pointless.
@anngray398
@anngray398 3 жыл бұрын
Sooo true!
@jimmypandolfo4035
@jimmypandolfo4035 4 жыл бұрын
Hi Gabe , Hope all is well 🙏 How frightening are those stats !! ...I think the pendulum is starting to shift in the US , where living a sustainable life , less is more and dwellings getting smaller ( small home movement) is the future . Remembering that Americans never make the top 10 lists of the world when it comes to livibility , health and happiness stats . Your social security system is frightening. However having said that , I think 🤔 the future of American generations , will be more financially, environmentally and healthier through a change in mentality and better self and community awareness (education ) . Systems in the US also need an awakening. Stay healthy, Cheers 🤗🙏🌈 Sydney , Australia.
@GabeBult
@GabeBult 4 жыл бұрын
That's definitely true pretty much everything in America is broken right now we'll have to see how the next generation acts
@echomcclellan7079
@echomcclellan7079 3 жыл бұрын
In the video talking about people living paycheck to paycheck like bills don't exist: you all spend on unnecessary stuff. Me, living in an old house, family wears old, small clothes, living paycheck to paycheck while eating leftover homemade meals for lunch: you know, some of us simply live in an area where cost of living is much higher than our income.
@vfletes1
@vfletes1 2 жыл бұрын
I owned around 5 pairs of jeans.. 10 shirts.. 3 pairs of shoes. And My daughter has over 200 toys 😆 so true...
@jainthorne4136
@jainthorne4136 2 жыл бұрын
As far as women spending 8 years on shopping...how much of that is shopping for their spouses, children and other relatives? How much is grocery shopping for their families? When my daughters were little I virtually never shopped for myself. It was always grocery shopping or shopping for my children and spouse. Not saying that some women don't shop a lot but I wonder about the breakdown of that figure.
@Debtwarrior
@Debtwarrior 3 жыл бұрын
Good stuff, but also the people with low spare money are also getting paid low wages. On low, wages saving is impossible so you never get into the game of saving or managing pots of positive meney.
@nvaranavage
@nvaranavage 4 жыл бұрын
Does a computer screen count as a TV, because we are a family of 5 and only have two TVs.......lol
@GabeBult
@GabeBult 4 жыл бұрын
I'm not sure lol
@TheKerryzzz
@TheKerryzzz 4 жыл бұрын
Your right.
@GabeBult
@GabeBult 4 жыл бұрын
👍
@rr-ho6oo
@rr-ho6oo 2 жыл бұрын
So many televisions in American home🤯
@joycegonzales4994
@joycegonzales4994 4 жыл бұрын
Was that Alexa you asked the total of?
@GabeBult
@GabeBult 4 жыл бұрын
It was Medusa you can see where I got her in the Elon musk video
@ankit_sangeet
@ankit_sangeet 4 жыл бұрын
every point's effect feel like a charlie chaplin show
@acajudi100
@acajudi100 3 жыл бұрын
true..
@muhmonsta
@muhmonsta 2 жыл бұрын
"Dont go to college, JUST BE SUCESSFUL!"
@angelaarmstrong6405
@angelaarmstrong6405 3 жыл бұрын
117 🤔 sounds good to me.😁 My husband alone has 117 Harley shirts.. 😏
@Pushapk
@Pushapk 3 жыл бұрын
Who came up with the nos
@NovaaGrind
@NovaaGrind 4 жыл бұрын
By tv you mean youtube right? All streaming services became the new TV replacement.
@johnentwhistlesurelysamsun1840
@johnentwhistlesurelysamsun1840 4 жыл бұрын
I personally don't really like the sight of tv's in rooms , they look old fashioned nowadays, and obtrusive i am a minimilist, i know some prefer the big screen, as looking at small ones can tire the eyes, but i'm happy with my phone to look at films ,as long as there is the internet, serves me well!
@3llenzinha
@3llenzinha 4 жыл бұрын
300 000 is the average. Now imagine a hoarder's house
@brentbonitabradley65
@brentbonitabradley65 3 жыл бұрын
I have six kids that are all grown and all have degrees or have a masters or a doctorate. They are all working in their fields.
@GypsyWolf7
@GypsyWolf7 3 жыл бұрын
I agree 100% on your college views. Glad to see someone speaking out.
@spring7643
@spring7643 4 жыл бұрын
I WISH I knew this earlier
@marlonelias
@marlonelias 3 жыл бұрын
He's good looking!.!.
@iarroyo612
@iarroyo612 3 жыл бұрын
Paying for storage is ridiculous I understand if you are in between homes
@papermason
@papermason 4 жыл бұрын
Yes, I can see 300K items, it's shocking but yes, I can see it.
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