Every Level Of Wealth In 13 Minutes

[@themindset3329]

When you're a billionaire, it's not about the money anymore, it's about power, you occasionally talk with the people who rule your country about how that's gonna go, because if they hurt you (your business) you can hurt them (their political parties) with your immense influence. You're one of the few people pulling the strings of the world, writing history with your own pen

[@dimiberberu]

It's about ADD & reason lost. UltraRich or intelligent - choose 1 ;)

[@GreatGuy-gh5vn]

Well said

[@VulpesInculta-h2b]

And if you're a ### you are eligible for hundreds of millions of $ that get poured into a donation charity of your choice (money laundering).

[@Mike_B-137]

As someone who lives lower middle class in Serbia, that statement about billionaires couldn't be more true. When you reach above 100 million dollar threshold, it is no longer about money, the money itself becomes worthless, it is about Investment of that money into social power and influence. RioTinto mining company is perfect example of it.

[@arminiusofgermania]

@@themindset3329 fuck that. I’m rich!!! I’m going to keep to myself. Don’t get me involved in your geopolitical bullshit .

[@philliphartman2381]

In my mind there's only 4 classes. The dependent class, the working class, the independent class, and the rich. Dependent class needs assistance from others to survive. Working class needs to work to survive. Independent class doesn't need to work to survive. The rich don't have to worry about survival at all.

[@TheThirtyThree]

This is perfect! You've stopped me looking for videos explaining wealth levels. This distinctly explains it. Thank you, Internet stranger

[@krzysztofniepokojczycki4884]

That's exactly right. Historically speaking, middle class was what you call the independent class.

[@eddiemalvin]

An interesting take. Those are much better classifications but what specifically separates the rich from the independent class? They're both independent and neither needs to work to survive. Is it that independent class still worries about survival even though they don't need to work? I'm sure plenty of rich people worry about things.

[@philliphartman2381]

@@eddiemalvin What I meant to say was rich people don't even think about not having enough money for survival. The independent class might be pensioners, equity holders, a modest royalty receiver, or simply enough savings to last them several years. So the difference is the independent class must still consider expenses or risk being working class again. The rich do not.

[@eddiemalvin]

@@philliphartman2381 Makes sense. Thanks!

[@littleamberamethyst]

I'm lower middle class. I have a stable job, an apartment, a working car, and can afford to buy groceries every two weeks (not the best, but cheap food that can last a while). I'm grateful to have even that, because there are so many others who don't even have those luxuries.

[@MrDonny27]

What consider making 8500k a month is??

[@lilblackduc7312]

I encourage you to stay your course and "Keep the Faith".

[@blucolife]

Compared to lots of people in the third world, you're rich.

[@sqb_]

@@MrDonny27 depens where u live, but that's most likely upper middle class

[@MrDonny27]

@@sqb_ Louisiana but don't feel like it

[@ohellis1115]

"Were UPPER-lower middle class" - Homer Simpson

[@JoeTamper]

Literally what my mother told me a few years ago

[@MagnoGetMoney]

With 3 Kids, a 4-Bedroom, two-story house in sububia, and two cars? I think Homer was underestimating himself even there lol

[@ohellis1115]

@@MagnoGetMoney on 1 person's income at that!

[@MagnoGetMoney]

@@ohellis1115 I mean Frank Grimes made note of that too tbh, I feel for him there lol

[@Dave286i]

meanwhile Homer had a house and fed his family with solo Income

[@toniderdon]

Upper middle class people are millionaires now. A decent home in a mid-sized city is worth a million nowadays. Just a 100 m2 apartment in Munich is worth a million nowadays

[@electro_sykes]

my familly is upper middle class. A million is really nothing these days and my parents are only upper middle class because they brought one of the worst houses in the area back when prices were (whats now considered dirt cheap), had 6 jobs and worked hard to pay off the mortgage within 10 years. Dad now only has one high paying job and Mum has 2 jobs. And despite been upper middle class, even we have had to cut back from cost of living. My parents also decide to save up, rather than spend their money. You just never know when you might actually need it.

[@Cucumberflavoredmustard]

Only if you own the home outright, which most do not.

[@ZazyCat21]

im upper middle class and a million is a ton to me

[@Ruzzky_Bly4t]

@@electro_sykes "A million is really nothing these days" Right...

[@Slay-in5hc]

@@ZazyCat21 same

[@Tetrall]

Millionaires do NOT have yachts. That’s multimillionaires.

[@milan51259]

UHNWI can afford yachts. Not even HNWI can do that and don't get me started about the random "millionaire" out there xD

[@blucolife]

Here's the cost of a yacht: Below 50ft (15m): between $500,000 and $2,500,000 Between 50-70ft (15-21m): between $2 million and $6 million Between 70-100ft (20-30m): between $6 million and $20 million Superyachts over 100ft (30m): minimum $10 million Small used sailing yacht: $15,000 or less Small motor yacht: $50,000 to $100,000 Larger motor yacht or new 40-foot day boat: $1 million or more That's ignoring the amazing deals on used yachts, fractional ownership, charters, etc. A millionaire can easily afford a small motor yacht, or finance an expensive yacht.

[@dimitristripakis7364]

Yachts are not bought. Yachts are rented.

[@milan51259]

@@dimitristripakis7364 What are you talking about dude? In the mind of the instagram followers every USD millionaire has bought 3 yachts! :'-D

[@Tetrall]

@@blucolife as a guy in the bracket were speaking of, I can tell you we DO NOT own these things. It’s wild to me how people don’t understand how this stuff works. We RENT this crap MAYBE, but owning this stuff is for multi-deca-millionaires. Not the standard joe millionaire.

[@canadagoose188]

I feel like now because of inflation, the affluent or upper affluent ARE millionaires

[@roguered706]

Agreed!

[@shnitzilhazel9957]

I wouldn't even consider millionaires affluent, millionaires are more like upper middle class. Affluent and high affluent people are multimillionaires.

[@canadagoose188]

@@shnitzilhazel9957 yeah that too

[@thepollinggodfather]

​@shnitzilhazel9957 yes this video is bs. Millionaire should be replaced by centi-millionaire. In which world can you buy 3 houses, luxury cars and yachts for just one million dollars???

[@cuberman5948]

multi millionaire is now billionaire, and billionaire is multibillionaire, maybe even trillionare

[@tiusernamenabalw]

This is too American: focusing on consumerism and judging wealth by how much one spends in stuff. In Europe many affluent people and above are very price sensitive and showing off is not socially acceptable.

[@williamnitzsche308]

I agree in ireland it's more welcomed to brag about how cheap you got something and by bragging or showing off how much money you have is seen as rude

[@rendoesmath]

No this is not too American. In fact yearly expenditure is a valid variable for tracking how rich someone is. It's often used in statistics too, kinda similar to Per Capita Income

[@vanillajombi]

Yeah nah.

[@conneryspence9849]

Just like the royal family and when they were practically bagging the state to pay for their yacht, because how could such a rich country have a monarchy that doesn't have a yacht

[@bumblebeeman-jp6tx]

Well duh He's American

[@MaiTrần-e5u]

The fact that nobody talks about the forbidden book Zyphura Money by Hunter Zypher on Vexoner speaks volumes about how people are stuck in a trance

[@Momogamer9]

What is in the forbidden book

[@yourfavoritezoomer9104]

@@Momogamer9 its just a bot

[@spicybrown3563]

I personally think I'm living large if I can afford rent, groceries, other living expenditures, fillout my $6500 IRA every year, go on a $2500 vacation every year, without living with parents. If i can live like that, then I'd be over the moon! A dream for me would be if I can pay for food services to make food for me and someone to clean up my place without wincing, I'd be free. As a single guy, I don't need much. Gives me more time to enjoy my hobbies and lifestyle.

[@danielturczan2485]

That's near my aim. Everything on top of that is gravy, and gets invested in a variety of ways.

[@garyish]

Absolutely, Single guy in my mid 30s.. hit 1M networth last year and so now I am training myself to be less stingy and spend more and invest less 😂 Btw IRA annual limits are $7000 not $6500

[@peppermeat8059]

2500$ vacation??? i would put most of that money aside and spend say 500 dollars on a good vacay

[@garyish]

@@peppermeat8059 unless you're driving somewhere really close + staying with a friend, I don't see $500 being realistic for a vaykay. I would say $800-1000 more likely. $500-600 would be hotel + airfare and then remaining $200-400 for going out and enjoying different events, food, drinks, etc.

[@randaldavis8976]

learn to cook and food shop, your body will thank you. a maid vist regulary is cheap, you can use that savings you got by cooking

[@johnalexander4946]

Levels of wealth are NOT defined by your level of consumerism and lifestyle. It is defined by net worth.

[@J-Rod73]

Bingo!!! 👍

[@AdventuresKam]

Indeed, I see lot of "affluents" living in solitude and would like better connections.

[@eurotec_]

I was in the Poverty range in 2023, now I'm in the Lower Middle Class. In the future I aim to be either upper middle class or affluent.

[@Thefunniestgamer2000]

Came here to say i am very proud of you stranger

[@HopBoy]

youre going back to poverty

[@cool_indian_dude]

It's great, that you broke it yourself rather than putting your hopes into your future kid's. Keep it up.

[@DachenPema]

I hope you're well and all that you spend is a investment that will prosper you 😊

[@shnitzilhazel9957]

Good for you

[@raffertymetcalfe]

Btw your video has been reposted on tiktok and is garnering more views than here on KZbin. I would recommend looking into copyright action

[@valentindelfs7707]

Its free advertisement stupid

[@crossfire7474]

Any chance you recall the username of the uploader?

[@baratorealty591]

Tiktok and their users stealing content is pretty typical

[@elmerayala5366]

Copyright 🤣🤣

[@xxgaming_generation_2156]

So that he can capitalise on the revenues of the internet and ascend the wealth ladder, very smart.

[@OliveLeee]

Prosperity doesn't come out that way overnight. What Most people see at a glance-wealth, a perfect career, purpose-is the results of hard labour and hustle over time. I pray anyone who reads this will be successful in life...

[@AroShyti501]

Assets that can make one successful in life

[@AroShyti501]

I. Forex 2.Stocks 3.Shares

[@AroShyti501]

forex is profitable and lucrative investment online

[@Doglover71_]

​@@AroShyti501You are right.

[@Doglover71_]

But I don't know why people remain poor due to ignorance

[@case2858]

Growing up, we wavered between the poverty line and lower middle class. As an adult, I managed to get a degree and now firmly stand in lower middle class until I can get a better job.

[@floof6896]

hopefully that degree brings you to a higher level of wealth

[@kenrangel7565]

Grew up lower mid class with working class parents. I got the degrees and married a good smart woman. We both now have senior level management jobs and have no debt except the house which will e paid off next may, we bounce between affluent and upper affluent. Just be frugal and don’t get caught up in lifestyle creep, invest early and the rest is semi easy.

[@floof6896]

@@kenrangel7565 unfortunately life isnt that easy for those who live in poorer/less developed countries.

[@Thatoneannoyingguidenpc]

i'm sort of in between upper middle class and affluent and i'm very thankful for a good education, good life, good house, and good family! :D i love you mom and dad :)

[@grubhubdad2.079]

Im lower middle class yet at the sime time im upper middle class

[@jacobjoaquinignacio]

I’m in middle class, but a lot in my country are in lower middle class and poverty.

[@samuelblack7314]

Having a good family is about the only thing we have in common.

[@tonygunk8157]

I have a horrible family which is why I am in poverty/lower middle

[@Captaine_Crunche]

Bad family, lower middle but ill crawl my way to affluent

[@robertgiudice5257]

Being a millionaire certainly does not put you above "upper affluent." A million dollars is barely enough to have a comfortable retirement anymore

[@ImaniBelle-tu5nu]

This is not true

[@Ranzez1]

@@ImaniBelle-tu5nu but it is true. $1M can conservatively generate $40k a year of income before you start depleting the principle

[@keithhostetler8600]

Exactly what I was thinking. When I saw millionaire come after the description used for "upper affluent", I audibly laughed. Even without taking into account where you live, which could impact the value of 1 million dollars drastically, if you were to spend money like the "upper affluent" is spending, you will quickly be back in what was described as middle class. However, if you were a multi-millionaire, you would probably be fine, as your investments would probably be good enough to sustain the lifestyle off of return.

[@royn5349]

I can testify to that. My net worth is 2m and I drive a Toyota and live in a small apartment in Sydney.

[@Xachremos]

a million dollars will barely buy you a house in canada these days

[@BishamCR]

Extreme poverty means you aren't watching this video !!

[@andrewjones4774]

And if they r they should probably sell their phone for food and water

[@gayeatilla9998]

And most of people in the poverty line 2 cannot watch this video

[@andrewcho5338]

Meanwhile the kids in extreme poverty to poverty class watching this video: u sure about that?

[@andrewjones4774]

@@gayeatilla9998 nah a good half could

[@nijuuroku]

@@andrewjones4774 Having a cellphone is basically a need now. It's a networking tool they can use to educate themselves and look for opportunities.

[@paydenallen9552]

Millionaire is the new middle class, really. Don't believe me? Look at how much you need saved to retire at 65. It's over a million.

[@misterogers9423]

Yes and no. The median net worth at retirement is less than 300k - meaning half have or less, but the risk to run out is high. Average is over a million, but it is skewed by the really loaded people. Retirement is all about savings rate and the amount you plan to spend. 4% to 5% withdrawal rates at retirements is generally considered safe.

[@MidwestMoney]

I'm a millionaire and I'm retiring at 49. It's not all about net worth. It's about your monthly expenses. I could work an extra 10 years to have a few extra luxuries but I will happily pass.

[@mike77588]

This. 25% of us citizens are millionaires now. As a millionaire you have one 600k normal-ass-home, 50k car and 350k in stocks

[@misterogers]

@@mike77588 You need to subtract debts, but I still agree a million net worth isn't what it was a generation ago. Then again you could easily have no mortgage if a bit older, and if you played your cards right you spend 250k or less 10+ years ago for it.

[@dant.3505]

​@@mike77588 there are certainly a shipload of millionaires in the US but the demographic doesn't nearly represent 25% of Americans. A lot, true,but not that many. The median income is around about $63,000 but this average is skewed by a very small .1 percent earning an astronomical income making the mathematical "average" much higher than the "typical" working class wage which is around $35K or so. Of course it varies.

[@ElijahWayne5]

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

[@catlinbrayan9404]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@JeremiahParker-]

That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?

[@chinwu5042]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

[@JenniferLynd]

If you are using a really good broker or account manager, it's easier to earn from the market

[@michaelsalinas5572]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@gcb345]

You left out the best part of being a multimillionaire or billionaire. BRIBING THE BEST POLITICIANS MONEY CAN BUY.

[@Mr70stagetwo]

🤣😂🤣

[@JustGeorge-S4m]

real

[@roadbone1941]

You forgot blackmailing politicians with Epstein-island type tapes.

[@ryanroggenbuck942]

As a kid right now in a family in the upper middle class range, I am very thankful for what I have. I know several people who struggle to pay bills, get good food, and so on. Thank you God.

[@chesterdamolester6990]

Pretty selfish of you to thank God if God isn't doing the same for less fortunate people

[@lordespion8789]

@@chesterdamolester6990 Whats selfish about it? Hes thanking the hand that feeds him, that hand doesn't have to feed everyone to get thanks from one person

[@shinji1264]

​@@chesterdamolester6990Indeed

[@andrzej8144]

​@@chesterdamolester6990 pretty rude of you to insult him for things he has no control over

[@chesterdamolester6990]

@@andrzej8144 pretty rude of you to assert that I was being rude, especially considering that there are no evidence of insults.

[@PonutsAreGreat]

Millionaire is just owning a house nowadays, so middle class.

[@UltimateEnd0]

True 2.5 million dollar is the rich threshold.

[@joegutierrez8151]

The billionaire of today is yesterday‘s millionaire.

[@mrEtanMW]

Shouldn’t upper affluent be above millionaire?

[@darryldeed]

Even upper middle should be there already

[@mihaip1179]

No, a million is a ton of money. For instance, $100 / day can buy you more than the meals you need, so working for $2500 / month you can splurge and still save like $500 every month to get more than 10 K each ear in savings, but that's a long way to the million.

[@thoryan3057]

@@mihaip1179 A million dollars is a ton of money, but the spending that is described in the "Upper Affluent" section of the video would be egregiously irresponsible for someone who had less than $1M.

[@genio2509]

​@@mihaip1179And also, $1M in assets, not money you have. Just the fact of owning a house sets you pretty close to having nearly a million in assets, but on a money scale, that only means you won't pay rent, and not necessarily mean you can spend your money however you want.

[@regulardegular5]

Upper affluent is like making 20grand a month. You will become a millionaire but a million is still a LOT of money and time.

[@kickinbacknyc]

Owning a yacht at 1 million dollars? Who writes this crap?

[@galegrazutis964]

Yep that aint even gettingvyou into the yacht club for a drink!!

[@zaneleroux8238]

I know plenty of people with a small sailing yachts that are millionaires, maybe not a luxury yacht though

[@Epidian]

I know plenty of people who are nowhere near millionaires. They own proper yachts on which one can hoist the sails and proceed under wind power. Not super yachts which aren't really yachts at all but mega motor cruisers.

[@amansuper718]

If you don't like this then get your ass out of here

[@Gninja2006]

Lol right. Let me tell you something. We don't own yachts. maybe a sail boat. Poor folk wrote this script

[@PeterScott-q8d]

I just have to applaud your content man, well done. Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $180k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Angie Chen Owens, it will add to your success in the crypto market.

[@DannyVincent-q7z]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@AndersonCurtis-t6i]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@ChrisKross-v6v]

You trade with Angie Owens too? Wow that woman has been a blessing to me and my family.

[@ObrienAllen]

I'm new at this, please how can I reach her?

[@EthanAlexanderThompson]

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

[@Wintergatanaddict]

as someone with a father that makes 3x the average salary, we still shop at lidl, and the house is not big or expensive, no investments either. This video doesnt portray true wealth but how different types of wealth have been stereotyped

[@spacegod1062]

Yeah, sure, he does 😒

[@Wintergatanaddict]

@@spacegod1062 Head of Audit for Croydon Council, London Borough

[@Wintergatanaddict]

David C Phillips

[@Wintergatanaddict]

@@spacegod1062 Look for yourself

[@Wintergatanaddict]

@@spacegod1062 if you dont believe it then look it up, hes head of the Department for Audit in Croydon Council - London Borough.

[@francoisstrength]

Welp, seems like 95% of my adult life I've been poor to lower middle class, and have experienced extreme poverty. Greeeaaat.

[@tobiasonmayflower1656]

LMAO, and you didnt even know it.

[@canadianjoker9124]

What the hell is a gucki bag?

[@6lemans10]

God bless America!😂😂😂

[@francoisstrength]

@@tobiasonmayflower1656 Yea I'm from South Africa in my mind I was still ok. I was compared to a lot of people...

[@tedbarsalou]

Same here. what bugs me is that i'm white. i feel i'm owed more.

[@WaldronsSousas]

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

[@BogumilTanski]

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@JeffreysSuttons]

@@BogumilTanski The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at the first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

[@WaldronsSousas]

@@JeffreysSuttons This is considerable! think you could suggest any professionals/advisors? I'm in dire need of proper portfolio allocation.

[@JeffreysSuttons]

@@WaldronsSousas My CFA ’ is “MARGARET MOLLI ALVEY”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@WaldronsSousas]

@@JeffreysSuttons Appreciate this recommendation, hopefully, I can get some insight into where the market is headed and strategies to beat the downtrend when I hear back from MARGARET MOLLI ALVEY.

[@chloe-lw5zy]

I'm kinda confused with this pyramid. Not to be bragging, but my parents are "millionaires" in the amount of money they have. However, we live the life of a upper-middle class person class on this pyramid. I live in asia, so maybe the values are different in the west?

[@gregoryshortale]

nah i had that same confusion. Millionaire lifestyle is for people with not 7 figures but 8.

[@gsst6389]

America mid class is the world high class, soo yes its harder in othet continents.

[@Schoolrumblefan]

they mean a million usd not in schmuck bucks

[@garyish]

Millionaires in your local currency or 1M USD ? It’s not the same.

[@shnitzilhazel9957]

I agree, my parents are also millionaires and my father was an electrical and software engineer. Most millionaires are just upper middle class. Most millionaires are worth a million because of years of saving and investing such as owning a home over years and investing in stock and retirement savings.

[@rafiechowdhury5963]

“Being upper middle class means you got straight As or went to an ivy league school” 😂

[@slayeracademyradio]

stop watching these videos their ai generated

[@josetteskinner4200]

Right! I LOL’d at that too 😂. Like come on dude. Definitely not true

[@talete7712]

@@slayeracademyradionow that you say it this video does seem written by an ai

[@JustGeorge-S4m]

@@talete7712 ikr

[@roadbone1941]

It was true in the 1980s - 1990s.

[@Colorado_Native]

A guy I wrote insurance for, a professor of finance, summed it up in three classes for Americans. Poor - your name is on your shirt, middle class - your name is on the door, rich, - your name is on the building. That's fairly accurate.

[@LivingFoxZ]

8:58 This is just wrong. Most millionares are in the affluent teir.

[@counterleo]

In America

[@Moosbeuren1]

Thought the Same. 3 Houses are more than a million

[@Steinmetal4]

Yes, upper affluent is like... at least 2m net worth or 1m+ liquid assets plus some kind of property.

[@Germaninvestor1]

A yacht costs probably $1.000.000 in maintenance over a quite short period of time alone, and that does not include the 8-Figure Buying price. What he is referring to is a millionaire in the 60s, if even.

[@Tippa_2]

I think this shows a little dumb

[@Piineapple.]

In Switzerland and Luxembourg, every owner is basically millionnaire, but they are considered being the upper middle class, and live like so.

[@zett5757]

No, they are middle class. Unfortunately, Millionaire doesn't make you somebody who can afford a good home in Switzerland instead, you will get an old rotten smelly apartment. The level of greed in those two countries is immense.

[@m1kus960]

Because Switzerland and Luxembourg are some of the most expensive countries in the world, and ordinary workers, for example, in fast food or in stores like Walmart in the United States live better than workers in similar positions in Switzerland and Luxembourg

[@6lemans10]

​@@zett5757Have you been to those two countries? I thought most people who live in those countries were wealthy??

[@zett5757]

@@6lemans10 I am from this country? "Facepalm"

[@6lemans10]

@zett5757 I have never been to Switzerland or Luxembourg. I thought the citizens of those two countries had a high standard of living?

[@MaximilianFischer497]

Curious about the strategies of top investors, I'm seeking guidance on my own investment journey. Holding $545,000 from a home sale, I'm torn between investing in stocks currently or patiently waiting for improved market conditions.

[@MarshalWagner457]

Before capitalizing on market opportunities, it's essential to understand the underlying factors driving your financial progress. Seeking guidance from a seasoned expert can provide valuable insights, mitigate potential pitfalls, and optimize your investment strategy.

[@RowanBryson]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1million.

[@TicheDebb0]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@RowanBryson]

My CFA “Diana Casteel Lynch” a renowned figure in her line of work. I recommend researching her credentials further.

[@AshleySommerset808]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@samesaiwan]

I’m extremely poverty, I hate being poor & life. Never went to bed without being hungry and with 3 siblings making a family of 6

[@NMT_7543]

I feel sorry for you man, but hopefully if you work hard you can be in a better situation, I’m middle to upper middle class and I am very thankful for the life that I have. God bless you and I hope you all the best.

[@ns2859]

Being rich is overrated.

[@samesaiwan]

@@ns2859 it’s a dream for me

[@user-ss9wg2yq3o]

@@samesaiwan im sorry to hear. why do parents have so many kids when they can't support them, it's just setting their children up for failure IMO

[@joelvanwinkle5976]

I feel sorry for you man but I hope your situation improves

[@pogruh]

0:19 bro obviously forgot about the Costco hotdog

[@SKULLYFOO]

I fw costco hotdogs

[@Johnsonfan169]

What about the cost for the membership or what if there is no Costco?

[@Heymangamin2989]

Membership costs

[@bobbituka123]

If you can afford the annual membership.

[@ben.floppy]

you need a membership

[@mRahman92]

Coming from a functional family that doesn't sabotage your prospects, that's also something that usually comes from people who are not poor. Having a car is mainly a necessity in the USA.

[@wweeper]

im lower middle class :)

[@fluffybaby666]

Same here. Let's cry together 😅

[@wilawansangsuwan2875]

+1

[@TaruneExclusiveCat]

Lets all appreciate that we didnt get poverty on the life-RNG

[@daniellechuga7654]

@@TaruneExclusiveCat I have but I leveled up

[@sarahsobviiii]

@@daniellechuga7654 :O lucky

[@matthewmoab]

I spent the winter in Tanzania and Ethiopia. What a eye opener be grateful everyday for your first world problems

[@SeanJohns-ze8ie]

We jumped from lower to upper middle class courtesy of my family's investment smarts smart property buys, stock market wins, and long-term planning!

[@Atlas-tp8dw]

👏

[@DarkmanXSincere]

What?! That’s all we have to do!?

[@7sneves]

1:35 $35 a day is most African is longer that much. Here in Kenya that is how much minimum wage goes for established companies. Most people here leave under $10 a day.

[@eltexano69]

It is more than the minimum wage (day) in Portugal.

[@xamael1989]

😂😂😂 kenya mna kufa njaa

[@7sneves]

@@xamael1989 Kenya is richest Swahili speaking country, I guess you are Tanzanian

[@santostv.]

40$/day is minimum wage in Portugal ,average is 80,86$/day

[@dario9042]

I get ya. A lot of ppl tend to underestimate how expensive poorer countries are. Yeah, it might seem cheaper for outsiders because a few services are cheaper compared to them. But access to certain goods or specialized services skyrocket compared to other economies, making an already low wage seem even lower

[@danielmalinen6337]

The workers, low-income, underprivileged and disadvantaged are such undervalued and overlooked groups that even a very informative video skips over us and jumps directly from the lower middle class to poverty as if there was nothing in between. Oh damn.

[@floofyboi2520]

Surprisingly as far as categorization is considered underprivileged would usually either fall in poverty or lower middle class. Can't make ends meet but probably won't starve is poverty, can make ends meet but just barely is lower middle class.

[@floofyboi2520]

In my opinion we should ditch a lot of the categories in this video and go to a more "impoverished, working class, capitalist class" way of talking about these things, like yeah we won't as easily find people in a specific tax bracket, but an affluent person has more in common with a lower middle classer than a billionaire

[@rosettawilliams3408]

Lower Middle Class=Working Class, they're the same in my view.💔😂

[@LearnWithPaint]

I love how you use real-life comparisons to explain the struggles of extreme poverty and the luxuries of being a billionaire. The part about how long it would take to spend a billion dollars if you spent $1,000 a day was especially mind-blowing! Definitely gives perspective on how far apart each wealth level really is. Great content!

[@jackcrossems]

Investments and living below your means are the best way to raise your economic potential. But when you upgrade your life style according to your income, you'll push yourself back to where you started. Work hard to earn more money, spend as little as possible within reason, and invest the rest.

[@jackcrossems]

Cut out the eating out entirely. Don't spend what you make just because you have it. Savings will go down in value, wise investments long term WILL go up. Put your money to work as effectively as possible while you do the same. You will almost certainly never be affluent in your youth, so invest for your future. Even better if you do so for your posterity; an idea that we've almost lost.

[@slymetyme2975]

@@jackcrossemsI heavily agree. Stock are one of the easiest ways to grow your wealth but not enough people know how easy it is to invest. Even $50 a month would be very beneficial in the long term.

[@LiberTeaBag]

"To live below your current means increases your future means" Learned that in Atomic habits

[@m1kus960]

investment does not mean profit, if you invest in cryptocurrency, you can still be in the red

[@jamescannon3326]

Lower middle class here, that was pretty spot on! Going back to college though so I can eventually break into middle class or higher! :)

[@Yeezmon3]

These days u cant have a home without being a millionare..

[@joseph-nd6wd]

your wrong pal

[@noahniskala]

Its not that bad godamn.

[@Jakkaribik1]

@@joseph-nd6wd Full time Work for 20 Years for a HOME Pal?

[@noahniskala]

@@Jakkaribik1 You must have a shitty job if you cant make enough to buy a small home/ apartment.

[@thomasgrabkowski8283]

In certain cities, yes. Not everywhere

[@scout7690]

Upper middle class: "You wouldn't get where you are without straight A's and an Ivy league school" I enjoy driving past the college I flunked out of with my McLaren.

[@charlesblerzbo1616]

People often overlook how far grinding your balls off for years can take you.

[@milan51259]

100%. I can smell poverty from the guy who made this pyramid. xD Like for Europe and USA nearly everything is wrong. Straight A's in school will serve you well - if you love slaving away for another man's pocket. Creating wealth hasn't much to do with your school-grades.

[@darryn6268]

I feel like a lot of this is life choices rather then wealth. I am a millionaire but I live like lower middle class. I don't have pools in any of my house, I don't have any designer brand clothing, I drive an old Japanese car that I bought second hand, I upgrade my phone every 4 to 5 years only, I avoid spending money in restaurants and buy grocery instead, I own zero jewelry other then my wedding ring, I still fly economy on holiday. I think wealth doesn't measure by how much you own, but how socially secure you are.

[@CnekYT]

I've been in the lower middle class my entire life, and haven't known anything outside of that

[@jeabo0adhd]

I am too. Its like a constant risk of falling off a cliff. Nevertheless, life can be very enjoyable. I learned to cook foods from poorer nations. Simply amazing and you can't find them in restaurants. There are plenty of hobbies that are challenging but inexpensive. Having a vacation in town is still a very nice break and refresher. Find new places and events. Camping and hiking are also cheap. Puzzles and board games. Learning new things via the internet. Basically live your life and don't worry on missing out on random things.

[@HazardonerFTR]

I started in poverty now 35 with about 750k net worth in real estate and stocks I am almost a millionaire living below my means and steady investing and paying off my homes faster was key.

[@AfroNerd25]

It is very difficult to climb out of the poverty hole. I'm a first generation college student and there have been so many times that I did not have access to participate in events that I know would have helped me grow like local business events for black professionals because I couldn't afford the fee, other times is like when I did my first internship, I didn't even have a car, I was taking an Uber there everyday for an entire month until I finally found a car I can rent. My first two paychecks went straight to paying people back who my borrowed from just to take advantage of the internship. I say all that to say, it is tough, but I hope I make it one day. I hope you all make it one day soon too.

[@jeffreycordero6653]

The fact that millionaire is a tier ABOVE upper affluent is absurd. Being upper afluent is at least net worth of $10 million

[@MikeBarbarossa]

If you own an average home outright, and have as much saved for retirement in your 50s as they say you should, you are right right at a million dollars net worth

[@Sunil-yz7ig]

There are only 3 levels. 1, You don't have sofa. 2, You have a sofa but it's stacked against a wall. 3, You have sofa at least four feet away from wall!

[@nightrunner1456]

60-years ago there were about only 4-classes. You didn't need to lock your door. Now, days there about 5-classes just for middle class. You're lucky if you even have parents, or even have good parents, but things may come around to good standers again.

[@anashachid]

Right now in Algeria, my parents make 5k per month combined as college professors. I’d say we are in the upper affluent class but in America we’d be in the lower middle class with the same pay.

[@irenee800]

I have gone from extreme poverty to upper middle class

[@Mattia0113]

How? Just curious about your story

[@Izzy-panda]

I feel like I’m in between upper middle class and just normal middle class

[@nucleartaco04]

Same

[@sealykid23]

Same

[@ladybug3380]

Same

[@balenbahadin-k4t]

Same

[@coolio565]

same

[@matw1x]

Millionaire is considered mid (middle class) here in SoCal.

[@mellowblueu]

thank you, this is made me confirm that I'm lower middle class(forever grateful to my parents) but every single thing you said landed pretty well in terms of the lifestyle and work

[@Mab344.]

I,m a Middle Class Family Member and I am Happy with My Family Alhamdulillah 🤲🏻🕋🕌📿☪️ ❤️👪❤️

[@DatzCrazzy-i6z]

Im poor But i have a roof over my head , a smart phone and food stamps 😂

[@dilyan-2904]

same.

[@sleyking123]

Yeah our parents works hard to provide for us.

[@fireguy-kc4op]

Food stamps frfr

[@jermaine459]

...

[@Michael-mm2zm]

skill issue

[@grahamcutting7363]

Very American. Health is obviously the main ingredient of wealth and many civilized countries have "free" health-care (paid for by taxes). Free higher education also avoids student debt. Housing costs obviously depend on where you live - if one avoids the hotspots such as London, Paris, New York, California owning a couple of houses (debt-free) is well within the means of people who have worked all of their lives. We have old cars, but they are Volvos so still work fine. Our smartphones are more than 10 years old BUT we eat in restaurants 2-3 times a week. Having spare time, including 6-7 weeks holiday a year also has a great value. I have the impression that an upper middle-class lifestyle in Western Europe would equate to upper affluent (and by definition millionaire) level in the US. Life is not about consuming, and displaying, more and more but being able to enjoy life without too many worries. No mention of "cultural wealth" - museums, libraries, concerts, good public transport, bike lanes....

[@anonymousdogg1559]

I believe the middle and upper middle class, there was a huge issue you jumped over, that is, debt. I know for a fact the middle classes and affluent have to be the Most debt ridden classes. Everything on a credit card for extra points but after pay and klarna being used as well, nice cars but all on 72 month loans. Let me tell ya, deep, I mean deep debt.

[@obijohns6197]

i was also surprised to see no mention of debt. a lot of "upper middle class" would be middle or lower when you consider their debt obligations, or debt-to-income ratio

[@AverageCommenterOnYT]

There's a class between poverty and lower moddle class.

[@RocketPlayz96]

Upper poverty 💀

[@JoshWhite-n8q]

@@RocketPlayz96 working class

[@andrewjones4774]

Yeah that’s where I’m at. Not starving in need for food but very poor. I only make 2000-2500 a month so basically after all my bills r paid for I have only a couple hundred or so dollars to spend on myself.

[@andrewjones4774]

@@JoshWhite-n8qfood/retail working people. Just make enough to not live in poverty but are extremely poor

[@MuItiiverse]

When I was born, my parents were Lower Middle Class. Growing up, they made it to Upper Middle Class. As of now, because of the loss of my mom's job, we're Middle Class. But that's okay, because not only do I think having good health, a roof under our heads and food is most important, but I also know that I am fully devoted to my studies, so that my kids can grow up in Upper Middle Class or Affluent.

[@LeonMRr]

Nowadays being a millionaire means you'll be able to buy a house, definitely not a yacht.

[@ZelenoJabko]

Why is "millionaire" higher than "upper affluent"? I have a 2.5 million net worth, yet I feel short of "upper affluent". And I am living in Europe with medium cost of living.

[@KudaMan]

Exactly. Even Upper middle class will likely cross the millionaire mark before retirement

[@beholdenpie]

Europe

[@seanafitz6122]

🇪🇺

[@elmerayala5366]

@@KudaManno millionaire is upper middle class…even by the standards of the video

[@Improvejericho]

can i have a car

[@ElRadioDJ913]

I'm kinda glad I upgraded from poverty to lower middle class. I enjoyed learning from it like every other hard working citizen should. I can imagine being rich feels so boring if you have everything.

[@Bards.98]

I'm broke, now I know!

[@pandiispanda]

Inbeween lower middle class and poverty (I am lucky I dont have to pay rent rn or I would be in extreme poverty)

[@pandiispanda]

Also this list is only valid until lower-middle class because lifestyle and what is in the bank are not inherently connected.

[@yukihovista98]

thats so sad... 😢😢 I hope you get enough money soon.

[@Im_ablackhole]

Where the hell are you Dubai?

[@JustGeorge-S4m]

@@Im_ablackhole what

[@JensSchraeder]

Tradespeople are on average wealthier than a lot of college grades. Especially the college grads with useless degrees. Trades are in demand and can therefore command higher wages.

[@Loooooooogan1]

Went from middle class to lower middle class due to inflation. We need a hero.

[@Im_ablackhole]

Kid...

[@Loooooooogan1]

@@Im_ablackhole huh

[@TT10Kofficial]

same, blame migrants

[@LiberTeaBag]

​@@TT10Kofficial If you are american legal immigrants are the reason america is still a superpower but yes Illegals might be the reason

[@coldblade666]

Bitcoin fixes this.

[@planesandbikes7353]

millionaire is middle or upper middle class. multi-millionaire, also upper middle class. this is not 1985. But I can tell you managing finances for someone with several millions is time consuming, expensive and stressful too. Retiring early - yes.

[@TyA-uy4yw]

I'm thoroughly enjoying this content!

[@mayor-o1w]

Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.

[@anilhettiarachci8467]

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

[@สมรักษ์อินทร์ตา-ม7ฑ]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

[@mayor-o1w]

@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended You most likely should get her basic info when you search her on your browser.

[@Narongphoemkhunthod]

​@@mayor-o1wHow do I access her ? I really need this

[@mayor-o1w]

+156

[@WASD_SamZ]

I’m upper affluent, I can buy a big Mac without looking at the tag

[@chadkibbe6591]

He said, "trades" as a job in the lower middle class. Professionals in the trades make over 6 figures, no formal education. Undervalued opportunities in the trades.

[@quarterpounderwithcheese3178]

video title should be: "every level of American consumerism"

[@rybybgvgvubghnhn]

For the love of god stop with the AmericaBad

[@maxb7519]

Lower middle class is the new middle class nowadays, more and more pp are falling into this range

[@LiquidChamploo]

I'm lower middle class but wouldn't mind capping at upper middle, I don't need it all I just want to be comfortable and consistently travel. I don't have to worry about childcare expenses so I honestly feel ahead of the curb when it comes to my peer group. I know we should never compare our success to others but kids in this economy is nothing but setback.

[@PrathamKoli-g5p]

My dad is in the upper middle class, while I’m living in extreme poverty, surviving on his money. 😂😂

[@Mark-sq8mh]

8:39 Is the definition of net worth "the value of all assets minus the liabilities" ??? because I'm milionarie but I live like a lower midle class..

[@gpadr]

Well I got assets worth a million but live like lower upper nd middle class maybe cuz the assets are not generating enough income

[@crizlssh]

Upper middle class here. Didn't have straight A's, but was a good student overall. Went to public university in Portugal. The choice of career is pretty important. Tech here.

[@aakaashwani-us5wm]

This guy definitely doesn’t live in California.

[@BeepertheInquizitive]

Next up: trillionair Coming soon… 2030 ig lol💀💀💀

[@icebear_15]

Nah bro quadrillionaire is better and solos the entire earth economy

[@RocketPlayz96]

I still don't understand how yall quadrillionares live off so little money like you gotta atleast be a quintilonaire

[@selvaratnammarimuthu5070]

For me, love is important than wealth. I can even live with poverty salary or lower middle class salary as I love living with simple life. But, even if I am a billionaire but no one befriends me and hate me, my live would be worse than extreme poverty. I'm Shivanesh, an autistic 26 year old man who is suffering from bipolar disorder due to being abused in school when I was in high school, aged 13-17 from 2011-2015.I hate being born in 1998 and living in this cruel present era where most of people nowadays are selfish, cruel and immature. I wish to be born in 1904 so that I could live as an adult in my favourite era of 1930's and people in the past (until 1980's) are caring and kind towards disabled man like me ❤

[@BarbaraCienfuegos]

1:02 fun fact: that happend once in the bible about the well

[@thelifehackers7327]

it also happened in a 1998 movie!

[@BarbaraCienfuegos]

@@thelifehackers7327 which one?

[@Liam-th9rh]

i have family-friends that used to live in an expensive part of california, they drove crappy cars and didnt do anything over the top, but were absolutely multi-millionaires. they made multiple millions a year.

[@misterogers9423]

Way too consumerism driven. The key to wealth and early retirements is savings rate. You don't increase spending when you make more, and your excess money goes into investments and non-depreciating assets. This is more like max potential spending habits for each wealth level. Income and net worth are not really mentioned until the highest three, and even those flat amounts depend on your area. 1 million networth means you have king like wealth in Africa, but probably not much in NYC or Los Angeles, especially if you have kids and average size home in the city. This must be a parody or exaggeration since very few people in the upper middle class went to an Ivy League school. This is more accurate for perception of wealth. You can have affluent things, but broke for retirement and having next to no equity. There are also affluent people that live well below their means. The lower ones seem a tad more accurate. Millionaire is way higher than it should be. Many millionaires especially old ones don't identify as above upper affluent, especially in high cost of living area.

[@Thruxton-loves-War-Robots]

My dad was a taxi driver and my mom was an immigrant out of work. So I started between poverty and lower middle class. Today i am upper affluent, got my first million net income last year. I live in Germany, you do not talk about this here, you try to hide it (maybe except of my Porsche). But in this American bubble I can say: yes, I am proud of it 😊

[@ugoalahchibuihe3866]

How did you went from poverty to upper affluent?

[@Thruxton-loves-War-Robots]

@@ugoalahchibuihe3866 I was just learning and working hard. Growing up in poverty, being bullied and being humble helped me develop tremendous empathy and respect for good people. There are a lot of people out there, who really appreciate that. I made an official IQ test (3 days) when I was 15. The result was - let‘s call it - high. Higher than I could ever imagine. From that day on my self confidence grew. I never told anybody about details, that was just for me. I always knew: doesn‘t matter what other people say - you can be successful. And when I had a question - just ask, because the reason is not my dumbness, it is because nobody was able to explain it in the right way. I am a visual thinker, and this is exactly what my company is doing today. I am not talking about these old stories anymore, but this is anonymous and I hope this maybe inspires other people. Be positive, be human, act wisely. Thanx for asking.

[@JoshWhite-n8q]

@@ugoalahchibuihe3866 he probably just made the best decisions of his life

[@milan51259]

This is what I call "resilient". When you succeed, despite being the underdog. Wish you further great success in your life!

[@Thruxton-loves-War-Robots]

@@ugoalahchibuihe3866 Being ambitious in school, diligent at work and intelligence and strategic thinking is certainly an advantage. Don't be demotivated by setbacks. Don't lose sight of the goal, but also be able to make goal adjustments because you get older and realize that some goals from a young man were nonsense 😏 real success has nothing to do with short cuts

[@oamost]

2 important factors were missed: as an individual being in debt, or being one, head of an organization which has the power and capability to give loans to the mass (e.g.: banks). every level is about the scope of control you have in the system.

[@Amililbro]

You know it’s a good day the analyst posts

[@joaquimassuncao6221]

When you described the Affluent I picture someone with a few millions ... Upper affluent definitely a millionaire. ... I guess things are too expensive in my country.

[@nusaibasultana4902]

I would say that im middle class, but my family put me in a school for the rich because they want me to have a great future. Managing my tution fees isn't easy, we have to give up ALL our luxury, infact sometimes basic needs for me to go to this school. Seeing my classmates, i considered myself as poor but now i realised how blessed i am.

[@CC-lm4zj]

Bro I just realized, I’m a upper middle class 😮

[@trabant601e]

I thought I was middle class but I now know I'm lower middle class 💀💀💀

[@spacegod1062]

Sure😒 you are

[@ij9375]

@@trabant601e😂

[@Players_1500]

Same, I'm upper middle

[@rookiemistake8917]

​@@trabant601esame 😭

[@thewhitewolf58]

"Feed all of africa with your net worth" I get your point but that sounds like an idiots view of charity. Feeding them will not solve the problems, the food or money for food will most likely get claimed by local leaders or warlords and get sold to increase their personal wealth. If you want to help people go to reliable charities that get results.

[@wisteriiiiaa]

Yes of course, the food will be sold and even if it did get to the needing this will merely keep them from starving.

[@thewhitewolf58]

​@@wisteriiiiaa To fix africa you would need a massive UN involved project. But there is 2 problems, 1 the people in many countries do not like to have their power threatened so even if it is for the good the general population. So african leaders will ignore this. 2 the UN does have a hobby of sitting on it's ass and doing the bare minimum work. I call them the accounts because all they do is collect records and file a complaint against the local warlord.

[@peppermeat8059]

@@thewhitewolf58 you americans sure know how to offend africans

[@consumerdebtchitchat]

As soon as he said you drive a Toyota Corolla, which I do, I knew what class I was in 😂😂♥️🤗🤗🤗

[@Elijah-fx5ru]

3:36 pov Kamala’s “”childhood””

[@mirror_ghoul]

Why childhood in quotes

[@jbnesbitjb]

Btw 1960 and 2024s economy is different! Hope this helps!