America's Wealth Gap | How they keep you poor by design

[@eliprowe3947]

I kept checking your page waiting for a new video and then this one came out. I was originally not interested when I saw the title. I thought "duh everyone knows the rich get more rich and the poor get more poor" but I watched because everything you put out is well thought out....it may be one of your best takes. I enjoyed it and shared with friends. Wouldnt hurt to have some cool or funny intro hook but I get its not your thing. Keep up the good work. Love the content. Also brand name clothes are for suckers. love the amazon shirts

[@vandermeidl]

Appreciate the video, Rob.

[@trippyshaady]

Man I remember your channel had 200 followers last year lmao. Keep growing 💪🏾

[@RobSoltan]

🙏

[@kbrown611]

You bring the facts, Rob. 👊

[@RobSoltan]

🤝

[@robertzarkovic2825]

Rob, thank you for expressing such a human attitude , western civilization is in a huge decline of solidarity and compassion from one human being to another human being. I know anyone plays for himsef in a game of life . I am not in a favor to support lazy and irresponisible people . On the other hand sharing knowledge just like you do is , i can say a noble thing to do. Notice : i am only one of your folowers who isn't from USA , i am from so called EU. Here things goes in even worse direction than in USA. I do respect your work bro , if i am allowed to use " bro " when i address to you. Thanks anway, i wish you a nice day to you and all the members of your channel .

[@RobSoltan]

🙏🤝

[@robertlaird6746]

Great advice. I've been doing what you've said for 15 years and now am basically retired because of those principles. I'm a carpenter and quit my job working for a finish carpentry contractor because I was building my home on the nights and weekends and had just sold it. I purchased another peace of raw land debt free and got a used travel trailer to live in that I parked on my land. Then I designed and built my home debt free and did all the work myself without hiring anyone to help me. I sold that home and did it again and again and now have a few rental properties that produce positive cash flow. I still do my own personal accounting every evening and then once a month, I add it all up and put that information in a book so that I can keep tract of my financial life. Once a year, I do a year end report that also goes into that book. The next project I want to build is either a small apartment complex or a trailer park. Once that's completed, I'm going to get a sail boat and sail around the world. For that final project, I plan on hiring help for the first time in my life just to get it done quicker.

[@RobSoltan]

Love this. Thank you for sharing! 🤝

[@UptownSigma]

This was beautiful, motivational, and inspirational. Thank you for sharing the possibilities.

[@robertlaird6746]

@@UptownSigma I forgot to mention that I stack metals with the profits instead of doing the stock market. Most of my money is in metals but the real estate is worth more than my metals.

[@robertlaird6746]

@@UptownSigma Your welcome. This was the way I did it but that's not the only way. I could have done things better and differently now that I know about what debt does for people but I did it debt free which is the Biblical way. Saving up for the first property was the hardest thing I've ever done. The second hardest thing was after working at least 8 hours a day for my boss was to go home and build my home in the evenings and weekends.

[@kennethflores93]

Hey since you said you’re a carpenter I have a question for you. I’m an older guy looking to get trained in carpentry and just wanted to see what would you advise to get in to in that field. I heard there are framers and general carpentry, what would you recommend?

[@derekmerkel6605]

Another great video Rob!! Looking forward to the next one. 👍

[@RobSoltan]

Thank you 🙏

[@kevolegend]

Heart of Gold

[@TXLionHeart]

There's a reason why they measure "inflation" using only consumer prices and ignore asset prices...

[@hartepics6126]

“Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery” Charles Dickens, David Copperfield

[@Kenlydford]

This video is absolutely on point, Rob. I don’t know where to find many people who really understand and care. Great video. 👍

[@RobSoltan]

Thank you! 🤝

[@Mr-pn2eh]

Amazingly I graduated college without actually taking any loans out. And I'm only 23 years old. I don't have any student debt since I didn't take a loan in the first place. And I don't ever want to open a credit card ever.

[@faxbullog8361]

Wisdom

[@Justadudeman22]

A good job paying $120,000 gets you $200,000 of debt and 8 years of being below poverty line to support your home and college. Something's gotta give.

[@okie2399]

I don't have debt and my rent and utilities combined is one day pay for me because I live in a camper. Which allows me to be OK and even have a little to invest. It's the start of a startover for me. Just now need some dirt to park on. I just especially don't like a lot of debt so probably going to network with like minded people and have community efforts like a garden, livestock etc

[@700NitroXpress]

You can get extreme wealth without leverage, it just takes longer.

[@jarjarthestar]

Thanks Rob!

[@Vacationtime247]

Glad to see you back! Hope Hawaii was fun. Looked like a great time. You nailed it on this video. This way of thinking changed our lives for the better years ago. Save money, don't go in debt, reduce bills and live modestly. Been on the opposite end of that scenario and it's not fun. Paying on a mortgage, working the 40+ hr work weeks, spending most of the money we made and having little to show for it. Came home after a really, really bad day at work and decided this isn't working. Wasn't happy with our jobs, where we lived or the 'Groundhogs Day' cycle of life. So we put an end to it. In 9 months we had paid off our mortgage, quit our jobs and moved 2400 miles away to the California coast. After 5 years of being here we bought our property, an acre one mile from the ocean, with cash. Best part is, not having any debt means we only work one day a week if we choose to work at all. VT247

[@jonnyrockhard6626]

Sounds like your pretty smart dude but the dumb thing you did was move to California it’s one of the worst places to live in the USA atm

[@Vacationtime247]

@@jonnyrockhard6626 We love it here. Some of the taxes and laws can be rediculous. But it's awesome here in Northern California. Population thins out further north you go from San Francisco. There's miles of uncrowded beaches. Rivers to swim or kayak, forests to hike in, mountains to go offroading, mild weather and just a better overall environment. We came from the Midwest where everything was a house of mirrors. All the towns & surrounding areas looked exactly the same. A bland, boring, concrete jungle. Some people like that, but it wasn't for me. VT247

[@SkewedMinds]

Welcome back. 🤟🏾

[@RobSoltan]

Thank you 🙏

[@PasajeroDelToro]

You are putting into words what I've been thinking about for years. Kudos to you.

[@timgoodson4418]

so much wisdom in this video. 🦍🦍🦍

[@ericfigueroa82]

I’ve been waiting for a Rob Soltan video lol glad to see you back hope you had a good time away 👍🏼

[@MRkriegs]

Keep grinding Rob!@

[@faxbullog8361]

Best observation ever

[@jasonklaffer6926]

If your living pay cheque to pay cheque on 100k there is something seriously wrong !!!

[@aonoymousandy7467]

Great video Rob 👍, I've been on vacation for the past 6 months 😀 because I worked for the past 3 years and saved like crazy, I now have the freedom to be at home and live without the worry of having to go to work. Luckily since I don't work I don't have to drive anywhere, just to the grocery store every other week. But I feel bad for those to commute 60 miles to work every day

[@louisiles1446]

I thought rob had retired from KZbin

[@RobSoltan]

I think he’s just lazy and needs to get his act together

[@irishwreckage]

Found your channel today. Great info. Will be subbed and coming back for more 💪

[@RobSoltan]

Thank you for the support! 🤝

[@Zainenn]

Hey Rob, haven't caught a livestream in some time. Hope all is well. Lots going on would love to hear your thoughts on inflation and the stock market. Ok I'm going to watch this now haha

[@Kenlydford]

I may have to dump some silver at the worse time smh. Not much, but any is bad. I seriously didn’t realize how bad this was going to be. I’m glad I only put a small amount in Bitcoin.

[@silverback7783]

U got to take care of yourself number one... but next couple months bad time to sell silver stocks going down some more which could cause silver under 20 for a little bit,, but when Fed pivots again late this year metal will take off again.

[@jasonklaffer6926]

When is silver going up ????

[@adanblas2451]

About time you show up to work man. Good to see you again. Best wishes

[@kennethflores93]

The MBNA act made it so that college loans couldn’t be shaken off and you can’t declare bankruptcy to get out of it. That debt is so toxic.

[@jerrylovesfreedom]

Finally...The MAN is BAAACCCKKK!!! I've been waiting for this!!! Welcome back!!! -Jerry

[@RobSoltan]

Appreciate you Jerry! 🤝

[@azwelke2638]

👍

[@bobspistolsandpaydirt8607]

Johnny Cash / Merle Travis..….”Another Day Older and Deeper in Debt…… I owe my soul….. to the company store”

[@rogain662]

Great advice Rob.

[@bobspistolsandpaydirt8607]

Rob…. Thanks so much for the charts and the discussion (explanation).. great video Sir!

[@bobsanders2145]

Subscribed

[@okie2399]

Good video bro

[@darioperez5084]

Better than meet Kevin

[@CoIdestMoments]

can I have the link of the 20$ amazon shirt bro looks really good

[@echen008]

So damn refreshing. Love hearing this from a young cool dude. I’m told by the world to spend beyond my means but I’m taking this as permission to go against the grain. Not what I’m willing to do to get there but what I’m willing to give up. Thanks!!

[@MegaEssexboy1]

Hey Rob, great video as usual, could you advise me on models of Rolex that are good investment s pls

[@roykenyon1044]

👍👍👍👍👍

[@jonnyrockhard6626]

Robbo have you seen btc and it’s 19000 off shoots. Tanked. Lol. Go the Au Ag

[@cbx500cbx]

Passive income should be taxed till it hurts and wealth hiders should go to prison !! Finally someone says trillions injected soaked up in leveraged financing. Could be why people making money on money used to be bar b qed. A caution here is your real close to saying to the poor and working class. Shure the rich stole the wealth, but you can invest too. The old pull yourself up by your boot straps.

[@mrme3717]

Our world has 3 fundamental practices that are problematic. If we dont understand the root causes of a problem we will address the symptoms or the actors, not the causes. The 1st is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached. An increasing population needs an increasing currency, but it is all created as a debt bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, enslaving us all to bankers through personal debt or ever increasing excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, fines, levies, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Virtually no limitation plus fractional banking allows banks to create massive new Currency, blowing massive bubbles (housing/stocks) which devalues everyone's savings and work by raising all prices. The fix ? Stop all banks and financial institutions loaning out more than they have on deposit. Return legal currency creation to national treasury departments with a zero Inflation policy. This will not create inflation like some bankers/economists would like to have you think. It is not WHO creates currency that drives the constant devaluation of your money & work, it is THE VOLUME per population and productivity. The banks increased the base currency supply by over 45 % since March 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by around 50% as it enters the economy ? 3rd. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. The fix ? Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums. Correct these 3 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. It is easily done. Beware. The WEF wants you totally enslaved with digital currency. Otherwise, prepare for destruction.

[@1000millionbillion]

Love your channel. Thanks for the great info!!

[@davemi00]

Oblammo Federalized College Loans and ppl said, awe thankz geez wizz. To protect their frens in education. And stopped ppl claiming bankruptcy on student loans.

this is great

[@switzerland3696]

It is a stupid question, if you exclude the poor from taxation, "everyone" would try to be "poor" for tax purposes. It is the like the rich, the rich do not pay tax (they may pay a little, but use every loop to get out of paying tax they can)

[@silverback7783]

It should be flat tax no loopholes for anyone if you want you could flat tax like 5 percent under 100k and 10 percent over 100k... any tax over ten percent is also a scam it's just government saying we are irresponsible so we will tax u more and more. AND INFLATION SHOULD AND COULD BE ZERO.... so yep what he is saying is true the system is built to hurt people not help people.

[@bitehunter122]

FIRST

[@hexer7878]

There is 90 years between each financial crisis. You need the old generation to die off who experienced the last crisis. Our grandparent were much more responsible with their money, because they experienced the depression. It's a generational thing! People today, dunno how bad things can get and they don't believe it! That is why it happens again!

[@CuSTACKS]

To add to this a loser is a loser thanks for the video always a good watch.

[@christinemiller1872]

Did you go on vacation, Thought utube gave ya the boot.

[@thedarklandsmusic]

Rob Soltan is a dude that has his head screwed on the right way... makes me laugh all these people renting a lifestyle they cannot afford to impress people they don't like..