Wealth and Poor People.

[@J_Dubb1]

Rudy, you are more than a collectible channel, you are an amazing source of information for all us taco starved carrots. I will never forget your corporate bond videos back in the day. PLEASE keep making videos like this, many people will learn from your mistakes and successes. The truth is the truth, if it hurts some people it's because they need to know it more than anyone else. Keep it up you crazy cardboard crusader.

[@godly111]

I am not a carrot. I'm a potato.

[@omegacardboard5834]

Yeah that corporate bond video was great

[@reelenz]

Once again Rudy shows why he is the best channel out here.

[@spiritofthewolf1880]

100% I look forward to every upload. =)

[@JuanPachexo]

I agree!! I don’t even collect magic but dabble in collectibles and the knowledge this man has and the way he presents it is spectacular

[@jimjob28]

My wife is a financial adviser, so I end up hearing about all this stuff. What people don't know is tragic; but the machine is so big and complicated, just understanding it is a full time job for the average person.

[@reelenz]

Ya there is more to it. Warren buffet is a huge dividend investor so wealthy people do like dividends.

[@sebastienpaquin4586]

Understanding it IS a full time job, that's why people can be financial advisor :)

[@jimjob28]

@@sebastienpaquin4586 Lol, right? What I mean to say is an adviser/fiduciary manages many accounts for people with a myriad of needs and goals. Most people don't even know what they need to do for themselves. Even people whe dabble in finance as a hobby, of sorts, do all kinds of things that don't make good sense. I could never do it.

[@jk47Ssb]

People dont want to learn, they want to complain.

[@swide2750]

a financial advisor should be a specialist in a field like trading cards bc its a “full time job”

[@itscorybyt]

2 years later and I learned more from this video than I have from any video on YT. Appreciate you sharing your knowledge Rudy.

[@Revival_JamZ]

These kind of videos are the reason why you are the greatest mtg related content creator out there, and the tacos of course.

[@NoahsSensoryWorld]

Rudy: “I know it’s late in the video. No ones watching.” Me: Over here taking notes.

[@Matteo_the_Plague_Doctor]

Then there's me who watched the whole thing. :P We're always those guys who make it to the end. Lol

[@plagadel2411]

@@Matteo_the_Plague_Doctor i watched this 4 fuking times

[@johngrandile3670]

@@plagadel2411 watching for the seventh time haha, Rudy’s lessons over the years will make us all a lot more financially intelligent and wealthier in the long run! 👌🏼💯

[@randomandy2023]

i never click off early

[@hover2go]

lol they got rid of the thumbs down because of _corporations_ getting hurt feelings, not you and me. Too many people disliked the ads they uploaded, made them look bad, made KZbin look bad to advertisers who pay their bills

[@simongamer987]

I was a serial disliker on ads, I’d put my food down just to dislike hahahah

[@officialdazer]

It's not because of ads so much as mainstream media not being as easy to brainwash others because dislikes would be in a majority, that meant sheeple would have conflicts in their conformity psychology, and gravitate towards dissenters instead of sucking up whatever was spoonfed to them

[@RauTheCow]

@@simongamer987 hahaha

[@Kona138]

Don't be afraid to make these videos. While they may make some people angry and frustrated, they need to know how the game is played. If you don't know HOW to play the game you'll NEVER play it!

[@Бомж-о3ч]

Dear hairy american millionare, i eating my leather belt for breakfast and watching this from Belarus, do this type of videos more

[@PHYTEthePOWAH]

LOL

[@avenger1212]

Wow. Thanks for the depressing video reminding me that I'm a 42 year old poor person that will almost certainly remain a poor person for the rest of my life. I will admit you were 100% correct when you said we never can run fast enough to catch up. I bought a small house years and years ago after getting married, saved for decades, paid down debt so all that was left was my house, climbed a career ladder so at this point in my life I could buy our dream house and raise my family in it. Right as we started to look for a house and cash in on all this work, and all this sacrificial discipline, the COVID crap hit and houses in my area are 30-40% higher than they were just a few years ago and I can't afford anything better than what I'm already in now. Combine that with inflation and my entire life's work has been demolished by powers outside of my control. I did everything right by what I was told growing up and still got hosed in the end. I can't hardly stand to think about it, and frankly when I do I just despair and try to figure out what the point of even bothering to try anymore is. I get up early every morning to do the same job and routine I've done for years, and know in my heart I'm doing it for nothing. I guess for survival, but no dreams, no hope, nothing beyond the next meal to justify it. I hate it.

[@CardGamesTV1]

You're poor by choice. Stop choosing that player class. And upgrade your character. Life is a game. And you're a noob

[@Runningmancs]

Well I didn’t plan on crying today. Recent housing inflation has just about crushed my spirit as someone who was on the cusp of buying their first house just before Covid hit. It seems impossible now.

[@Turn2Ugin]

@@Runningmancs at least you have a dope ass car

[@sammyiel9626]

@@CardGamesTV1 life is not a game where you control shit. Like he said. He lost years of work seemingly out of nowhere. It wasn't his fault nor do we need to aby to any particular life style. Your comment is pretentious af. Grow up

[@latentpotential4520]

@@Runningmancs I know it sucks right now, but just wait a bit. The thing about markets is that they fluctuate. RE might be super high right now, but at some point it is going to start going sideways or maybe even retrace a little bit. You are not alone, there is a ton of pent up demand, people want to own their own home. At some point someone is going to cash in on that demand, as soon as it happens it'll be a free for all. Just gotta be patient and stay in the game.

[@azmodanpc]

This is why having wealthy parents CAN give you a massive head start. If you're savvy and can learn from them, you'll avoid 90% of the problems and conditioning handed down by blue collar parents that are unable to give and provide good financial advice. Sure, you can learn some stuff and grind your way to wealth but the cards are stacked against you and the probabilities of fu up increase exponentially.

[@trexasaurus5322]

The only one you can blame for being financially illiterate is yourself. With the internet it’s very easy to learn money management and how to get ahead.

[@azmodanpc]

@@trexasaurus5322 My parents grew up in the 60s and I was born late in the 70s. Internet was in its infancy for much of the 90s and 00s, resources were scarce up until the 10s. The new generation has a wealth of knowledge at their fingertips but in my days it was much worse.

[@jacobwallace6967]

Again, I wish you were someone I knew in my personal life. I think just being around you could lift someone up out of their situation. It’s hard though when you are so far down to pick yourself up. Love your channel mate. Take care

[@Impzhahaha]

Hoping to be able to buy him a taco here in Jacksonville sometime for this reason lol

[@vengefulspirit99]

Rudy is wrong. Interactive brokers offers a similar service at 1.59%

[@vengefulspirit99]

Look up the credit card that interactive brokers offers.

[@JW-sz7ku]

He’s at your beckoned call if ya join patreon

[@tannerprince9730]

I wish Rudy was a 5$ chalupa box at the Taco Bell drive thru, so that every poor person could get a taste of his greasy, sleazy wisdom

[@Thaxsar]

I love the cold hard truth finance videos.

[@travismitchell9637]

These are actually my favorite videos! I want to hear more of these stories. Rudy should start a podcast and just talk for hours on this stuff or live stream would be great. I also wonder if he is still in contact with any of his old co-workers he mentioned in the video.

[@hcanes35]

rudy podcast is a great idea

[@johngrandile3670]

💯agree!

[@juicetalk]

Really love these videos Rudy. Dislikes were removed so companies wouldn't get upset that their ads were being shown on a very disliked video. People use dislikes to figure out whether or not to watch a video and advertisers don't want to be on the hook for paying for an ad spot on a disliked video. No dislikes = more ads they can place without angering the advertisers.

[@JoshDragRace0688]

Which means mainstream media, late night shows, etc. can still get ad revenue no matter what non-sense they put out there or how majorly disliked it is. Its Corporatetube now, not KZbin, this was the final change needed.

[@nonames9935]

IDK why all of a sudden yt is reccomending me this fringe yt channels with life advices.... but im LOVING it!

[@FriendlyLuck]

I haven’t played magic in over a year but I remember finding this channel back in 2018 and indulging in hours of content. Really glad this showed up on my KZbin today. Great video. I wouldn’t have a clue without it

[@tubasmitty2]

As a poor individual, I appreciate these videos immensely. I always want to learn something I might not know. I don't care how the much the facts of life might 'hurt' someone, everyone needs to hear the truth.

[@MagicMetalMoney]

That’s a growth mindset that will benefit you in the long run!

[@swide2750]

sell drugs its that simple

[@swide2750]

take a trip to cuba get cigars and illegally sell them to michael jordan

[@blaze556922]

@@swide2750 we get it. you think selling drugs and cigars to Michael Jordan are a good ideas and you'll get likes for commenting it over and over again. How's that working out?

[@swide2750]

@@blaze556922 pretty good just know when and not spend the money

[@codelicious6590]

The world is unfair?!?!? Goddammit! I fucking KNEW something was up!

[@lrmwharf864]

☝️🤣

[@ChrisThe1]

In short, poor people don't have disposable cash, and 90% of the market have to be timmies for the market to work.

[@jamesbrincefield9879]

They have tons of disposable cash, they just don’t invest it. Go to a gas station sometime and hang out for a few minutes. Rich people certainly aren’t the ones going in there spending $100 on lottery tickets or buying cigarettes, beer, overpriced energy drinks, and snacks every day of their life. The same people who claim to be “barely scraping by” spend at least a car payment on cigarettes in a month.

[@annalisefritz6495]

@@jamesbrincefield9879 I don't think wasting money on cigs lotto tickets and shit from the gas station really counts as a ton of disposable income, it certainly adds up over time. But I reject the notion that the economic problems of today aren't systemic and are a result of people just being bad with money. People have always been bad with money, and most people always will be, so really what is the point you people are making?

[@futurfry]

@@jamesbrincefield9879 that is such bullshit

[@youknow-vy1pe]

@@jamesbrincefield9879 You cannot nickel and dime your way out of poverty

[@ja17979]

Even if the algorithm doesn't show love to these videos, please accept this token from people who appreciate you and this content:

[@hatchimatchi69]

The most underrated channel on KZbin. Rudy thanks for everything man.

[@MasakiAndoh483]

"Nothing to do with collectables or magic the gathering". Rudy talking in front of a green screen of MTG booster boxes.

[@disnya6894]

the legendary cardboard screen

[@Skorge420]

Very insightful video, and I love hearing you ramble about your past even though I might not understand all of it.

[@gradis13]

I like when ruby talks about economy topics

[@aventicks718]

Complicated question but all people really need to know is that when companies pay dividends, it has to come from somewhere. Their profits. So companies that don’t pay dividends get to use ALL their profits to growing their company rather than paying shareholders dividends

[@thenekos]

No matter how you feel about him, he tells you how it is. You wont find that in many places. This is the stuff they dont teach you in college.

[@ProudCommie]

You’ve never been to college on any meaningful level. You are just hating on it to hate on it. Now go lay some bricks

[@FreneticZetetic]

TL;DR = dividends manifest tax implications, another level of The Matrix the average person is clueless on. Great video as always, Rudy! Real gold here. Also no joke, trying to tap mana across several cards to pay for spells = exactly like Rudy explaining how the wealthy maneuver assets for maximum borrowing at lowest interest rates possible, thereby paying no taxes etc. The real-world Black Lotus!

[@james10165]

Keep up these videos Rudy, I do not play magic, but appreciate the advice you give. I run my own business and have been doing the same things you mentioned in this video (to a smaller scale, I am a few years out of college) and have increased my assets significantly with leverage.

[@thekingtauros]

Just found this video a year later and this is gold. Thanks, Rudy!

[@activoDS]

Can you further explain the "wash sale" story? My understanding of wash sales is they only count if the shares are sold for a loss and bought back in within 30 days but the the trade in that story wouldnt be considered a loss because the shares would be exercised for a profit, thus causing a taxable event and not eligible to be considered a wash sale. The story has been bothering me since watching the video yesterday so i thought i would just ask for further explanation in case im just stupid and missing something. Thanks for the awesome video, one of my favorites.

[@sarz24241]

You are correct in your description what he described is not a wash sale. I actually paused the video and confirmed the correct definition because he mischaracterized it.

[@ZemoThunderbolt]

These are the best types of videos and topics. Watching again and taking notes! Then time for some research. Then watch the video again.

[@nerdcity]

19:26 - I'm hearing the iocaine powder "Inconcievable!" rant from Princess Bride

[@Solo_effort]

It happened awhile ago I know but I’m glad to see you have a new camera where you don’t have to reset every 10 mins.

[@patrickbateman69420]

Oh boy, hold on to your tacos folks. Rudy, more of this please!

[@Chevelle602]

I know nothing about trading cards. I just like hearing Rudy talk.

[@Turn2Ugin]

Don't give into consumerism. Live within your means, have a surplus mindset and enjoy spending time with your friends and family. Take care and I hope you have a great day

[@Turn2Ugin]

@@phenax1144 didn't say that but you do you homie

[@phenax1144]

@@Turn2UginYou are right i misunderstand what you said

[@Turn2Ugin]

@@phenax1144 nice pfp btw, Phenax is a dope commander

[@BleuSkiddew]

This is the first time I've seen you and I have no idea what your regular content is, but this video was spectacular.

[@dwalsh6779]

The Moral: the key to being rich is being born rich. that's it.

[@jasonfuller2734]

That’s the TL;DR of it. His Elon Musk example is an example of this too. Musk was born rich and his dad gave him play money. Now he did well with it but 99.999% of people will never have that opportunity.

[@joshlynch5676]

Keep making these types of videos. It's super informative for those of us who have grown up without any idea of what any of this means. Thanks Rudy.

[@darkdante2k4]

I love the finance videos Rudy! Keep them coming.

[@zenia7267]

Plain and Simple: Thank you, Rudy.

[@ConsumerTimeCapsule]

The best video you’ve ever done. More of this, please!

[@BobDoe_69]

Rudy is the ultimate Florida man, prove me wrong.

[@opticnirvana]

I think Dividends are OK for a retirement account such as an IRA where you don't have a taxable event until you withdraw the money. The compounding by dividend reinvestment can be very good. There are some channels on youtube that talk about this exponential growth.

[@startyde]

Best vid youve ever made Rudy, sincerely mean that. The TLDR is to improve your situation in life, you have to start with 10 Million.

[@KyleBaran90]

I really do like these sorts of videos. Just because things are unfair and people are financially illiterate, doesn't mean they can't learn more useful things day to day. Once you've built wealth, avoiding taxes is the smart way to do things

[@Adamchevy]

Thank you so much Rudy! The best KZbin channel for many reasons!

[@TeamBuzzard]

I’ve many poor life/financial choices. I will always be poor. That’s ok. I can live vicariously through other Timmies box openings. As long as people with money let’s pack cracking videos get made I can stick to putting a roof over my head and food in my belly.

[@ryak6994]

More people need to know this. Your collectable content isn't even for me, but this video is so important to make.

[@stereodark]

AT&T is down like 35% in the last 6 months. As much as I appreciate the dividends payments, I pay taxes on these dividends and to offset a 35% loss we’ll need many years of 5-6% dividends

[@MTGAttitude]

Rudy...thanks for the shot of brains on this. You are financially savvy. Thanks for clarifying. This was a grand dissection of perception of weath

[@georgekladis1305]

It's quite interesting that in the end the gap between poor and middle class is sooo much smaller than middle class and rich! I don't remember where I heard it (maybe Rudy's old videos) but leverage is indeed the gretest force of the universe XD Amazing video and only a second close to the one with the credit card tilted game (man that one still amazes me)

[@ericchock1139]

Wow very insightful, real world education here thank you honestly

[@professionalfriend8653]

That is very interesting you mentioned Chimera! I actually bought Chimera last year around $7.9 and it's around $15 right now. I'm happy and thankful with my situation. I agree with what you mean about people not liking uncomfortable truths. I was born in poverty and want to get out. Understanding and accepting uncomfortable truths like the tax system and how wealthy people see money different from others early on really helped me get out of poverty.

[@dusklightmusic]

changing lives one video at a time

[@MTG69]

Rudy, when it comes to Wealth Management, you are one of the most knowledgeable content creators in the TCG market. Who was the person that influenced you the most?

[@otiswise]

These videos are why I watch. I wish there were so many more. I would/could listen to these for hours. Thank you Rudy

[@godspeedhero3671]

Listening to Rudy talk about basic level stock information is the most entertaining thing I've heard all year, mostly because I know half the people watching are actually learning something new.

[@circuitedinflesh645]

Only thing missing here was the pink visor, Rudy dropping knowledge today ladies n gents!

[@SuperBunnys]

Wow. I am totally poor. I live in Canada and I am disabled so cant work and will forever be on disability which only gives me $1000 a month to live on. That is suppose to pay my rent and utilities and food and medication and whatever else, $1000 a month...to pay for all that the rest of my life. I am sooo jealous and envious of you and just to listen to you talk about a world that I will never be apart of was kind of eye opening and depressing. Only way I think I'll ever get a million or even hundred thousand dollars is to play the lottery which I cant do becuz i am to poor. I am honestly living in poverty. This life has got me so low all i want to do is die and maybe I will reincarnate to a new life and maybe I will be dealt a better hand. Anyways I just found your channel from pokemon cards and I thought you were taking cards away from kids and the pokemon community but seeing this video made me realize your side of it. Anyways sorry I made that comment on the other video and I hope everything continues to go good for you and I hope you do become a billionaire. God bless you.

[@BobDoe_69]

btw these finance vids are pure gold.

[@jwt4810]

This by far is one of your best videos. I was entertained, I learned something & even though the game may be tilted in an unfair way, knowing how it's played is 1/2 the battle. So I say game on! We Timmies are here to win!!!

[@grantelmore6936]

It’s videos like these and Crazy Uncle Rudy’s Basement that got me to subscribe

[@WCPFISH]

Rudy, I make 75K a year and have almost zero savings. I approve this video. This is TRUTH. Money-making is complex, ONCE you're wealthy (not rich) ... once you're WEALTHY, it's easy. Unfairly easy.

[@polishprince47]

Poor People... Finally Something is Qualified to talk about... 🤑 😁 🥳

[@Bird0fPrey]

Love these types of videos the COVID dip was real. A buy on VTI index March 2020 doubled in value 1 year later

[@Talthain]

I know they do not garner allot a views Rudy but I really get allot out of these videos. I could use a few more like this, revolving financial knowledge, and ways to efficiently get your money to work for you. Thank you!

[@actiasinflight7491]

Rudy if you do educational videos like this im gonna watch each one

[@polishprince47]

Rudy is the Florida Man you been reading about in the news... 😆 😂 🤣

[@andrewgolubiewski3463]

Patrons out here tying to play combo while Rudy and friends are running stacks.

[@datpurp27]

Love the financial vids! Ready Rudy could be a high school economics teacher.

[@ziahzboxing]

Wicked video… please do more videos on this topic.. I could listen to you for days talking about this sort of stuff lol

[@neosmith8106]

I literally had my hands on my head pulling my hair while listening to this. I have sizable equities in my brokerage but stupid me never even thought of trying to get margin. Wow! I'll talk to my advisor asap

[@TheGiantRobot]

Be very careful with buying on margin. It can go very badly.

[@jungshin87]

This is how lives can get ruined. Not a good time in the market cycle for leverage wait for next crash

[@ForeShadow20]

These are some of my favorite videos from Alpha Investment.

[@Theprivatepsychodelicreel]

I love when Rudy drops a truth spin ! Please keep making more of these ! Ps. I did learn something .

[@richardmoya5104]

I love how you explain this stuff

[@Leviathan_1992]

Would love to see more vids like this Rudy. The past year I've been digging deep into the financial crimes that happen in this country every day and yet nobody goes to jail. It's become extremely depressing for me. Almost seems like the only way to get up that metaphorical slope you speak of is to lie, cheat, steal, or get very lucky. But I was raised better.

[@TylerRAndrews]

I love MTG, but THIS is why I subscribe to this channel.

[@xSlowLearner]

I understand that it's a possibility. I understand it can and does happen. I understand the roof is WITHOUT limit nearly, especially for those with already seemingly infinite capital. I even heard you mention the "leveraging against their lifestyle." But what I can never, ever help but stop wondering is "Why?" To what end is all of this for? What's the motivation? Simply growing wealth because someone can? I don't understand how/why it seems to never feel like enough no matter how wealthy a person is. That's the fundamental misunderstanding I have with capitalism, once it stops being about survival, I cannot understand the purpose. What's the point of growing wealth forever? Is it archaic from survival days? I don't think so, because there are so many generationally wealthy people that have no wealth-growing survival necessity instinct... Is it for.. Simply the sake of doing it? It seems so incredibly purpose-less... I just don't understand that piece.

[@dreadheadbandz1943]

Yeah i understand why people want to be rich but after like 400 million what are you doing? What are you planning to buy?😂

[@daubinks]

this is why I'm subscribed. I am grateful for the knowledge you share.

[@lrmwharf864]

I would recommend a stiff drink 🍹 , a comfy chair 🪑 and a spare 30 minutes ⏰ before you press play

[@ruthlessmofo]

Thus video really bummed me out

[@cmo333]

LETS GO

[@endtimestcg5146]

8:38 that is some biiiiiigggg freaking LEVER!!!

[@strawberryturtle8978]

Rudy, can you clarify one thing. In the story of the guy who bought the shares, had them appreciate, wrote covered calls, had them called away, and then repurchased you mentioned that he would get out of paying taxes on that buy re-entering the position. I don't believe that's correct. Can you review that part? I believe the wash sale only applies to stocks sold at a loss and not re-purchased within the 30 day window. Loved the video though, thanks!

[@thor800]

Rudy the financial educator and macroeconomic analyzer are the best videos

[@TonyCook7]

I’m all about being brutally honest with broke people . People were with me and my life has changed so much. Drill sergeant that shit.

[@Izawwlgood]

"wealthy people don't make money through a paycheck" THANK YOU. It's amazing how many people get up in arms about "CEO salaries", and don't understand that this isn't where the CEO is making their money!

[@Mat-tg4fk]

With the finance videos Yes alot of people want you to spoonfeed them an answer to their own struggles, but when you have the drive I feel these financial videos are still important for telling people that aren't even vaguely aware about how wealthy people play a different game with their money than the average american.

[@PureSolace]

This is probably the most important video Rudy has put out there! Thanks, Rudy!

[@WilliamWeitz]

11 minutes in and it's one of the best videos on KZbin. I always watch to the end even though Rudy normally says no one watches to the end.

[@WilliamWeitz]

Haha... 21 min in Rudy said his first... No one's watching.

[@coltonerickson9986]

Rudy, Mr. Taco God with the hair in the basement, thank you for discussing the contents of this video. I love your channel because you aren’t afraid to talk about the reality of collectibles, investing, and now, the realities of capitalism. It takes big nuts and a party pack with half the step-sisters in the county to do that. So thank you sir. Keep it real!

[@francisco-id9zg]

Thanks!

[@christhemagnif]

No Pink Visor or White Board, but a great video nonetheless. Thank you for sharing this info with the masses. I first learned about leverage against investments a couple of years ago and it blew my mind. I always thought the rich just had the advantage of long term cap gains vs income tax but had no idea they weren’t even selling the stock at all! 🤯

[@jacquesweilheix1419]

Big rudy SLAMMING his taco on the timmy desk

[@Ouijawii]

I got hungry yesterday and had no food to eat, so I ate my mother's last two candy bars. I knew in two days I would get SNAP benefits and I would be able to replace them without her knowing. Unfortunately she found out. Now, 5 hours from now when my SNAP benefits go through I will buy those two candy bars and replace them. In a hungry man's mind, no harm occurred. In reality, I showed my weakness to my mother and the next time I get hungry and have no food to eat I will steal from someone who has more than just two candy bars. I have a job, I work 60 hours a week. And I can't afford a candy bar. Someone who chastises me for not "investing" my extra income makes me wonder... What the fuck is extra income?

[@xXscreamingkoalaXx]

I like Rudy because he at least shows some compassion for working people.

[@adambusch3730]

"How to fix America. Everyone stops paying taxes and takes out as many huge loans as possible." I like Revolutionary Rudy. Let's make this happen. Rudy 2024.

[@JoseL562]

now THIS is the Rudy we love!

[@jackattackhissnack]

Love these videos. Granted the rich people do pay the taxes as soon as the gains are realized. And if they leave them unrealized until the day they die, they never truly had the money. So it works out in the end.

[@pielily]

dog did you not watch the video? you can borrow on your unrealized gains forever and get basically all the benefits of realized gains while never paying shit in taxes