I Don't Care If You Get Rich.

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How Money Works

How Money Works

Күн бұрын

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Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#wealth #personalfinance #howmoneyworks
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I don’t care if you get rich… nobody does.
One of the most reliable ways to make a lot of money is to pretend you are already rich and then convince people you have the secret to financial success, a secret you will sell them for a price. If all goes well, you can use the money you make to actually fund a lavish lifestyle and keep the grift going as more people want to figure out how you did it. You can probably all think of some particularly bad grifters who blur the line between being outright scammers, but the best way to avoid falling for their trap is to realize that they don’t care if you get rich. That doesn’t just go for the hustle bro’s pitching the latest ecommerce course, it goes for almost everybody that you will ever interact with on the internet, in public or in your professional career.
None of your favourite content creators even know who you are, and they certainly don’t care if you make $300 a day at home in 2023, they only care if you click on their videos or read their books. Even I don’t care if you get rich… I try to be very honest with you, my viewers, because I believe it is a good long-term business decision. I want you all to think I am a reliable source of information so that you all come back every week to watch my videos.
Good financial advice is simple and boring but hard to follow. Saving consistently for forty years requires discipline and it’s understandable that people would be interested in anything that could speed up the process of getting ahead financially.
Personal finance creators are in the business of telling people what they want to hear by telling their audience tips and tricks to save more money, earn additional income, or generate higher investment returns. Saving more money is simply not possible for a lot of people and the budgeting advice they provide is normally broadly appealing but insufficient to change their viewers wellbeing. Earning additional income is another popular topic that sounds harmless but is certainly wasting peoples precious free time that could be spent with friends or family, or just doing overtime at their regular day job for more money.
Side hustles are an attractive topic to young viewers who want to earn some extra money and that’s why KZbin is filled with multiple videos telling you how you can make $300 a day from home in 2023. Most side hustles are demonstratively bad ideas that are exposed by asking yourself two questions. Can you make more dollars in an hour doing some overtime or picking up a second job?
If you can’t make more money per hour at your job then why aren’t you making your side hustle your main hustle? A side hustle will most likely just waste your time and money and if you are being honest with yourself you were never going to do it anyway but they get lots of views and the people making the videos don’t care if you get rich so they are going to keep on making them.
Getting a constant stream of information from people who have made it their career to get you to listen to them talk about personal finance every week can also leave your head in a spin. Look long enough at the video thumbnails from someone like Andre Jikh, Meet Kevin, Graham Stephan or Financial Education and you are going to develop anxiety about whatever investing strategy you have created for yourself.
Holding off on investing, or pulling out of positions can cost you a lot long term. A University of North Carolina study found that people that paid less attention to financial news and spent less time learning about the markets actually invested better because their decisions weren’t being influenced by outlets trying to grab their attention.
And that’s just reason one…
So it’s time to learn How Money Works to find out why you should constantly remind yourself that nobody cares if you get rich.

Пікірлер: 545
@HowMoneyWorks
@HowMoneyWorks Жыл бұрын
Thanks Bright Cellars for sponsoring this video and for the limited-time offer! Click here brightcellars.com/howmoneyworks to get $110 off your subscription.
@stevenspencer306
@stevenspencer306 Жыл бұрын
So you really do care if we get rich. You want us to be rich so we can by from your advertisers.
Жыл бұрын
Where is the link for the hoodie? :)
@cassiejacobs4197
@cassiejacobs4197 Жыл бұрын
@carosullivan5567 her availability is on (face book)
@cassiejacobs4197
@cassiejacobs4197 Жыл бұрын
@carosullivan5567 Catherine S. Woods
@erminahmetovic3477
@erminahmetovic3477 Жыл бұрын
And I don't care that you broke your elbow
@christianirivas
@christianirivas Жыл бұрын
This needs more likes 😂
@yebzy
@yebzy Жыл бұрын
Ahahahahahahaaaaaa
@emabufa
@emabufa Жыл бұрын
😂
@NickVetter
@NickVetter Жыл бұрын
That video came out right after I broke my elbow and got 7 screws and a metal plate to hold it together.
@jameshumphrey3425
@jameshumphrey3425 Жыл бұрын
@@NickVetter who
@D4MNF0xy
@D4MNF0xy Жыл бұрын
There is one thing that's always missing: You should not base your decision to change jobs solely on earning prospects. Instead you should look at overall value proposition because being miserable in exchange for money is imo not a good trade.
@f3n1xplat3ad0
@f3n1xplat3ad0 Жыл бұрын
It's not a good trade for a long haul. Maybe up to 2 yrs. Then it gets old.
@user-hv6wb5gk8p
@user-hv6wb5gk8p Жыл бұрын
@@f3n1xplat3ad0 If you can make it two years without lasting damage. Bad jobs can easily cause depression, burnout or other major health issues and the break you'll need to recover can hurt your career more than just working a job you like with lower pay. This doesn't include horribly paid jobs of cause. Any job that doesn't pay a living wage is by definition a bad job.
@TheShadowOfZama
@TheShadowOfZama Жыл бұрын
@@user-hv6wb5gk8p I can confirm. 6 months in problems started at my first job with a contract of indefinite time with my colleague. (small team so yeah that's even more fun). I applied for the same position at a different location and department and got it. Took around 6 months though between problems starting and starting at the new job and I can guarantee everyone that working someplace with a bad work atmosphere is not easy and it's probably not easier when you don't have a better deal in sight. I had the promise of a new job and a better deal for a decent part of those six months to help me pull through and it still did a deal on me. Wouldn't have taken a lot more for me to file an official, written complaint which of course would open a whole new can of worms that I partially due to the new job did not consider worth opening. So to summarise don't blindly follow the money. Even a short time working somewhere with a horrible work environment can cause a lot of stress. A week let alone a month goes very slowly when you have to spend eight hours working with people you start to loathe more and more with each passing day.
@1O1O11
@1O1O11 Жыл бұрын
Avoid jobs that make you miserable, but also avoid trying to make your hobbies into a job and then constantly worrying about money and turning something you enjoy into hell... Just find a job that you kind of sort of like doing, the kind of thing you wouldn't do for free but you also don't hate doing it. Do I really want to design a website for yet another fast food restaurant? Not really... But if the pay is good, the work time is flexible, and I get treated with respect, then it isn't a bad gig. Then when I am finished I'll go play my guitar that is most certainly not a good way to make money. Also, it is nice having steady money to pay for the things you actually enjoy. TLDR : Find something in the middle.
@tr0llpatr0l86
@tr0llpatr0l86 Жыл бұрын
then i just want to sit and click buttons. unfortunenately not enough noney out for these kind of jobs
@MiaKatherine-sj7ne
@MiaKatherine-sj7ne 6 ай бұрын
Success hinges on the actions or steps you undertake to reach it. Accumulating wealth entails fostering positive habits, such as consistently setting aside money at intervals for robust investments. Financial management is a critical subject that many tend to avoid, often leading to haunting consequences in the near future. I hope that whoever reads this achieves success in life!
@pineedbydmoon
@pineedbydmoon 6 ай бұрын
Beginning early is unequivocally the optimal method to get ahead in wealth accumulation; investing remains paramount. Drawing from my experience last year, initiating early investments enabled me to construct a more fitting life this time around.
@ClemenceRoskelley
@ClemenceRoskelley 6 ай бұрын
I have been investing in the markets for over 3 years now and I have made nothing less than $400k in ROI. My portfolio has grown exponentially. Will advise you to consider stocks investment. `
@DaveMccarthy896
@DaveMccarthy896 6 ай бұрын
I've been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@ClemenceRoskelley
@ClemenceRoskelley 6 ай бұрын
”Stacie Lynn Winson” is the lady's name. I first saw her on a goldman sachs' report, then on Smart Advisors, and immediately looked her up on the internet; it was the best decision I've made to stay afloat in these crazy times. She has been outstanding.
@Eric_moore484
@Eric_moore484 6 ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@emitrack5115
@emitrack5115 Жыл бұрын
Actually love how brutally honest you have been with your motives HMW, your videos feel way more sincere since you actually address your motives in what feels like a truthful way, been watching since early 2020 and have liked every single video you posted!
@junyaiwase
@junyaiwase Жыл бұрын
something feels oddly sheepish about this comment although i do think ur all right
@FaultyTwo
@FaultyTwo Жыл бұрын
"If they want you to get rich, they are trying to sell you something." - A salesman
@chad9971
@chad9971 Жыл бұрын
I moved from my former employer making $65k to a $85k position. My former employer gave me a raise to $67k and acted as if they had to move heaven and earth to get me to $68k. I quickly left shortly after. Since leaving college, I've worked my way up from $45k to now $88K by not working hard at one company, I do just enough to look "good" then jump to the next company in every 1-2 years. Glad to see a video about this!
@apollo105
@apollo105 Жыл бұрын
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
@apollo105
@apollo105 Жыл бұрын
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
@polyteky
@polyteky Жыл бұрын
what field and country do you work in
@chad9971
@chad9971 Жыл бұрын
@@polyteky as a data analyst in California.
@ordinaryavgguy
@ordinaryavgguy Жыл бұрын
​@@Anonymous-ld7je The job hopping is bad myth is probably also a boomer remnant to when loyalty was expected, and the "Gold Watch" era. I've been with a company for more than 10 years now and I'm afraid I'll get asked, "Why did you stay so long?" 😂
@James-gm9cs
@James-gm9cs Жыл бұрын
I was working at a job for the past year, developed really well and should have been promoted to a better role this year. The 1 year mark came and they wanted me to stay in the same role with a 10% raise. I quit, found a new job that suited my skillset very well and they've offered 60% more. Point is, if you know your skills are valuable, don't wait for the opportunities to come to you. Go and find out what other employers think you're worth.
@paavoilves5416
@paavoilves5416 Жыл бұрын
Damn, 60% is huge! Congrats man!
@Darkasasin80
@Darkasasin80 Жыл бұрын
Which is ridiculous. If you leave your job because they didn't value you and pay you what you're worth, they will have to hire a new person who more likely than not, want competitive pay. So either way they have to pay. They should have just kept you originally and payed you what you're worth than go through all the extra hassle. I don't think I'll ever understand people who run these businesses.
@JamesDecker7
@JamesDecker7 Жыл бұрын
Hehe. I just threaten to quit and tell them what my offers are with paperwork that outlines what I would get elsewhere then ask “how close to that can we get”. Works like a charm every 2 years. It’s good to be in demand.
@UpgradeYourMind2.0
@UpgradeYourMind2.0 Жыл бұрын
Great
@vinnymirando5929
@vinnymirando5929 Жыл бұрын
Dumbs and wrong dumb and wrong
@jaysnehpandey7089
@jaysnehpandey7089 Жыл бұрын
This channel has completely changed my outlook on life and finance, more than any book or mentor or anything, this channel is better than any mentor i can ever have, people seriously underestimate the internet
@codacreator6162
@codacreator6162 Жыл бұрын
Because you’re smart enough to differentiate between rock-solid info and complete garbage. Not everyone is…
@luisfilipe2023
@luisfilipe2023 Жыл бұрын
He’s good but he doesn’t give a lot of actional advice you get more of it with even Kyosaki
@char00lesg
@char00lesg Жыл бұрын
Quality content and entertaining. Gotta love the channel
@kantanenakseli8886
@kantanenakseli8886 Жыл бұрын
​@P Doing without knowing what you're doing is also a waste of time. Learning through trial and error is a lot slower than just doing what's been proven to work
@LittleRadicalThinker
@LittleRadicalThinker Жыл бұрын
Once you understand how stuffs work behind the scenes, you will have a complete different view to basically everything, I bet you will actually have a opposite opinion after you learn that. The world is just crazy. I learned religion, F that all are cults, I learned nutrition, F vegan sh1t, I learned money, this is like the most important thing to learn how it works, it controls everything you see behind the scenes.
@TheGooglySmoog
@TheGooglySmoog Жыл бұрын
This is why I like Ramit Sethi, the book “I will teach you to be Rich” isn’t actually about becoming rich but trying to live a rich life. He basically cuts down your expectations about becoming a bajillionaire and tells you to plan for retirement and enjoy the life you have.
@xman7695
@xman7695 Жыл бұрын
Which actually is a great thing because most of us won't ever see a million in our bank account if we get a decade of high inflation until we retire if ever. Doesn't mean we can't try if we want but statically we won't become one just like that.
@blazingfuryoffire1
@blazingfuryoffire1 Жыл бұрын
@@xman7695 Oh, we'll all see a million in our bank accounts. Problem is that will be the cost of a single egg.
@sentfromheaven00
@sentfromheaven00 Жыл бұрын
@@blazingfuryoffire1 One million zimbabwean dollars
@WaffleStomper69
@WaffleStomper69 Жыл бұрын
This really makes me feel like you care about me and want the best for me and my financial well-being.
@stamzthehuman897
@stamzthehuman897 Жыл бұрын
You missed the fundamental point of the video. He is essentially just another perspective to get your attention for ad revenue than the rest that gives you what you want to hear.
@Takran
@Takran Жыл бұрын
@@stamzthehuman897 And you missed the joke.
@kanishkchaturvedi1745
@kanishkchaturvedi1745 Жыл бұрын
@@Takran You're sure it was a joke? the transparency makes his self interest seem self interested...
@stephenb7829
@stephenb7829 Жыл бұрын
@@stamzthehuman897 jokes on him i use vanced.
@CBSInternational
@CBSInternational Жыл бұрын
@@stephenb7829 I use revanced lol
@ViktorRzh
@ViktorRzh Жыл бұрын
There is a good trick to detect someone trying to rip you off. 1 - concider that person you know less than a few years is stranger. 2 - If a stranger tries to make relations personal, or use emotions as convincing factor - it is a trap. 3 - if you invested in the trap, expect to loose everything you going to give out. Unfortunatly, it generates an excessive alergy on adverts and group activities.
@me0101001000
@me0101001000 Жыл бұрын
I want to add one more thing here. Turning a passion into a side hustle is a double-edged sword imo. It's really cool to be making (part of) a living on what you love, but if it becomes a stressor, you might start to resent it. That saying "If you do what you love, you'll never work a day in your life" is nonsense. A labor of love is still labor.
@BigHenFor
@BigHenFor Жыл бұрын
"Priorities determine problems. If youre not satisfied with the Problems you currently face in your life, then take a long, hard look at the Priorities that put those problems there." - - Mark Manson
@st4rg4z3r01
@st4rg4z3r01 Жыл бұрын
I think it depends on how you approach it. I turned my hobby into a side business and thoroughly enjoy it. It makes me a couple thousand extra a year too so its great side income, but I think if I were approaching it in the sense that I wanted to make it my full-time job, then I probably would be miserable. I think the sweet spot is working a stable job you enjoy and having a passion project on the side.
@shueibdahir
@shueibdahir Жыл бұрын
You are absolutely right. Happened to me. Led to a disaster that i just started recovering from. Took 5 years.
@me0101001000
@me0101001000 Жыл бұрын
@@st4rg4z3r01 oh most definitely. I'm happy for you! And I'm still in school, but I'm trying to build a career in a field I'm passionate about, as well as cultivating some passion projects on things I like as well. I feel like expectations might also be a factor. If you're going into something with those rose tinted glasses, you're going to be disappointed, and probably even feel betrayed by your interest.
@me0101001000
@me0101001000 Жыл бұрын
@@shueibdahir argh, that's rough. I hope you'll be alright. Keep your head up!
@Mekias
@Mekias Жыл бұрын
After 20 years with my company, I'm earning less than new hires who have significantly less industry knowledge. I tell myself that my pension will pay off in the long run (and it will definitely help) but mostly I stay because I'm comfortable where I'm at and get anxious when thinking of starting over somewhere else.
@thatclutchgaming1059
@thatclutchgaming1059 Жыл бұрын
This is where my parents are and they stress about their jobs all the time. I try to tell them to start applying to other places to get a fat pay raise and a less stressful job but they're so used to the company's they've worked for their whole lives to leave. They still believe in company loyalty and the corporate bs. When I try to help, they tell me that I don't know what I'm talking about even though I make more than them. It can be annoying for sure
@vicvic2081
@vicvic2081 Жыл бұрын
I'm sorry..how much are u making
@Mekias
@Mekias Жыл бұрын
@@thatclutchgaming1059 I'd like to think I would leave if I was stressed but I'm not sure. I have a good boss and don't really have any issues other than the pay. I also enjoy having the reputation of being an expert in my area and fear I wouldn't have that at another job.
@Mekias
@Mekias Жыл бұрын
@@vicvic2081 I don't want to make out like I'm struggling or anything. I work in IT, make plenty and am able to save 35%. I'll be perfectly fine. I just know I could make a good deal more if I changed jobs.
@triton62674
@triton62674 Жыл бұрын
Damn sorry to hear this
@Davy_D
@Davy_D Жыл бұрын
I work in Compensation. My job is literally to tell managers how much to pay people when hiring, promoting, etc. This was probably one of the best descriptors of how to get ahead in a career out there. Fake the funk, learn how to interview well, and move around every 2-3 years.
@silverchairsg
@silverchairsg Жыл бұрын
Who decides how much the folks in Compensation get?
@fgggg8944
@fgggg8944 6 ай бұрын
​@@silverchairsgcompensationers?
@samsonsoturian6013
@samsonsoturian6013 Жыл бұрын
About the company loyalty: The inferior pay might be worth it if you like the job and your coworkers are your friends. I personally bounce around between temp jobs and there is a lot of drama and unemployment involved that isn't fun.
@Bigdog5400
@Bigdog5400 Жыл бұрын
I'm not saying I'd label Graham Stephan as a grifter... but as I get older, I would say I understand why someone might put him in that category
@luisfilipe2023
@luisfilipe2023 Жыл бұрын
He’s probably jealous of the success of these KZbinrs. They make a lot more money with a lot less research
@zacharia4061
@zacharia4061 Жыл бұрын
@@luisfilipe2023 LUL your like a Reddit assuming 18 things about a guy with a single comment that is factual true, they don’t care if you get rich
@epbrown01
@epbrown01 Жыл бұрын
He picked on him, Andrei, Kevin and Jeremy because of their FTX involvement, which is fair, imo. But people that listen to them (or, heaven forbid, Alux), rather than people like Ben Felix or The Plain Bagel, are going to get conned by someone.
@RBzee112
@RBzee112 Жыл бұрын
Graham Stephan became rich through real estate. BUT, he became super rich by telling people anyone can do it. That's the grift.
@epbrown01
@epbrown01 Жыл бұрын
@@RBzee112 The Robert Kyosaki Maneuver
@RonYates1
@RonYates1 Жыл бұрын
Can I be honest? I wanted to like the this video 100x because this is the REALEST first 3 minutes I have ever heard.
@moneysins
@moneysins Жыл бұрын
I should just post the same “save money and dollar cost average”videos daily with different exaggerated expressions
@luxinvictus9018
@luxinvictus9018 Жыл бұрын
I've realised that your 'side hustle' should be related to your main job or be a passion project. Took me far too long to realise that a 'side hustle' is basically a full time second job without any benefits. For example, if you're a programmer at a company, your side hustle should probably be maybe making websites or something. A backup plan within the same skillset. or maybe you make and sell art, but because it's your passion. The way these people sell it, is like you're a doctor working in a clinic, and your 'side hustle' is designing and selling tshirts, which requires a considerable time and effort and a unique skill set which you may not possess. Developing that means you end up doing two jobs and not making much money in either. Also, another thing I learned that a real, worthwhile investment usually takes a decade or more to actually pay off. I have a few that I won't see any profit from till i'm almost 40 (25 now). But that's precisely what investing is.
@MichaelBarnathan
@MichaelBarnathan Жыл бұрын
If you've built a personal brand up through your work history, you can leverage that to land better side hustles
@Lonovavir
@Lonovavir Жыл бұрын
As per investing slow and steady wins the race, virtually every get rich quick gimmick (meme stocks, crypto, NFTs) produces a few big winners, who obviously flaunt their success and at least a 100 losers, who of course don't talk about their failure. I'm over 30 and can confirm it's the long-term investments that pay off, compound interest is real, make it your ally.
@CliffordStarks1
@CliffordStarks1 Жыл бұрын
This is a very fair assessment. Appreciate you sharing. As I have gone through the journey I continue to realize just how fluid this world can really be and how there are many sides to the coin. Just as some do not care if you get rich others in the depths of their soul do care. Keep up the amazing content, I appreciate your perspective 🙏
@merefinl6914
@merefinl6914 Жыл бұрын
Thanks for keeping it real as always!
@danadams4497
@danadams4497 Жыл бұрын
Thanks for your honesty
@ahmedam77
@ahmedam77 Жыл бұрын
Great video and great message!
@LoveStrangeDr
@LoveStrangeDr Жыл бұрын
You're easily one if top finance channels on KZbin. Thank you.
@dande3139
@dande3139 Жыл бұрын
The big advantage to a side hustle, is it gets you experience outside your industry, which makes it easier to pivot should you lose your main job due to an industry recession. If you like accounting more than plumbing, but you like plumbing more than being unemployed, supplementing your work with some contract plumbing on the weekends isn't a bad move. It kept my uncle living comfortably in his later years, when his 20-year chiropractic business failed. And we can't forget, overtime is usually not an option. If you're hourly, over-time is usually restricted. If you're salaried, you get paid the same no matter how many hours you work. If you work overtime, you might get promoted, or your boss might see you producing more, raise the bar for everyone else, and make working overtime the new standard.
@jpwhre
@jpwhre Жыл бұрын
Thank you. I’m so tired of “financial channels (this is not financial advice)” that want to claim “they seen it coming” and “KZbin removed my video about it” then push “join my discord” and/or “join with membership” oh, and my favorite “my course”. And those that want to “breakdown” todays chart. If you see it coming,say it. And show you believe the crap you spew by exposing your trade without a paywall. Those rolling in dough have better things to do with their life besides spending hours recording, and hours of editing a day. Fake gurus begging for money.
@jpwhre
@jpwhre Жыл бұрын
As well. I don’t care if you get rich, but…… I don’t wish you ill fortune either.
@icequeen52
@icequeen52 Жыл бұрын
This is why I love watching your content. You being honest about your motives and all that kind of thing is really good for me, and helps me to learn stuff from your channel whilst not buying into any bullshit other creators sometimes spout. If I wasn't already subscribed, now is the point when I'd do so. Keep it up!
@sanz1996_
@sanz1996_ Жыл бұрын
We need more of such channels on KZbin
@ishungchan
@ishungchan Жыл бұрын
The advice in this video will be useful for my future, even though I am only 20 years old. And I learned from this video that money is not scarce, but trust between each human being in the working field.
@armorbearer9702
@armorbearer9702 Жыл бұрын
(8:35) This is so true. I remember reading an article about a successful scammer. One of the things that shocked people is he went after doctors and lawyers. Poor people have any money to take.
@dcabral00
@dcabral00 7 ай бұрын
Done! You won me over.
@dr.syndrome9165
@dr.syndrome9165 Жыл бұрын
You have been producing dope content recently.
@ShaharHarshuv
@ShaharHarshuv Жыл бұрын
You saved my life!!! Please teach us more about how to be rich like you 😭😭
@geraarneros
@geraarneros Жыл бұрын
I appreciate the honesty.😬
@supercyle
@supercyle Жыл бұрын
I'm curious about a statement you made, which is that if a new potential employer asks what your current or previous salary was "you can and should just lie." I've gotten advice before from a lawyer (although I should make the distinction that it wasn't legal advice, it was casual conversation with a friend) that you cannot actually legally do this, because if you lie in a "negotiation" (which any pre conversation would count as) and a company makes a business decision that they would have not otherwise made based on that lie, and it costs them money, and then they somehow find out later that you lied, they could come after you for fraud. I don't know if this actually ever happens, but the approach proposed to me was that you should either tell them what you want to make in the new role, or ask them what they are offering, and simply not answer the question about current salary, if asked. Anyway, I'm not sure how sound the advice is that I received but I wanted to flag it since lying in any negotiation could really come back to bite, so it's better to approach it some other way. And in any case, in some states, like California, potential employers can't even ask your current salary anyway. I watch all your videos and think you're great, so thanks for all you do!
@sp123
@sp123 Жыл бұрын
how are they going to find out?
@MSportsEngineering
@MSportsEngineering Жыл бұрын
Facts. Love your career lessons based on data.
@TechzAddictz
@TechzAddictz Жыл бұрын
I love how you dissed Stephen. When I was 19-20 I thought he was genuine but now at 26 I figured what he's all about. lol
@alexanderlyon
@alexanderlyon Жыл бұрын
Very true! I always appreciate how straight up you are about money. Great stuff.
@alexanderlyon
@alexanderlyon Жыл бұрын
@whatspp+𝟏𝟓𝟖𝟔𝟔𝟔𝟔𝟒𝟗𝟎𝟓 Yeah, sounds legit! Ha.
@carlospulpo4205
@carlospulpo4205 Жыл бұрын
Time is always changing and time influences investments, so therefore its logical to assume that it would be virtually impossible to re-produce the same situations since time and state has changed. You are not executing the same technique in the same conditions. Moreover, many of these "opportunities" typically hide some risk that may not be self-evident unless you apply the technique and find your loosing.
@sp123
@sp123 Жыл бұрын
a lot of these "opportunities" work best for people who have high paying jobs and a lot of stability, but they are advertised to people on the poverty line who can't risk money and have little time.
@rlg222
@rlg222 Жыл бұрын
Facts here...
@Mr_Martz_Mc
@Mr_Martz_Mc Жыл бұрын
Gonna get that shirt
@GiantRobotIdeon
@GiantRobotIdeon Жыл бұрын
Love the fact that the title card comes 4 minutes into the video. Great stuff as always. Greetings from Brazil
@labachaterairlandesa
@labachaterairlandesa 11 ай бұрын
I think there are a lot of people that need to hear this message. Too bad the ones that need it the most won’t.
@mrwarr
@mrwarr Жыл бұрын
Merch tie-in. Respect.
@AlpineDividends
@AlpineDividends Жыл бұрын
Great points, but I couldn't help but notice the amount of editing that went into this video. It's quite a lot 🙌
@peterfmodel
@peterfmodel Жыл бұрын
One interesting point, I discovered if you swap jobs enough you will actually hit the ceiling for your skill set. If you flip jobs a few times and discover there is minimal financial benefit, you have hit the ceiling. At that point you need to develop new skill sets or move into a new role which offers more money.
@spargel1338
@spargel1338 Жыл бұрын
I just love your videos. Honest and informative, especially for people who really want to learn how money works :D .
@ShreksSpliff
@ShreksSpliff Жыл бұрын
I'm half way in I thank you for supplying valid information that may be contextually relevant to me 😊
@bflore18
@bflore18 9 ай бұрын
Watched this video, realized I was getting underpaid, got a new one with a 25% raise and weeks more of PTA. Thank you for not caring if I get rich!!!
@thevisiblehandtrexecon5215
@thevisiblehandtrexecon5215 Жыл бұрын
And I don't care if you get rich! But I don't mind if you do. Outstanding video. 😎
@47shadows76
@47shadows76 Жыл бұрын
This is a fantastic channel
Жыл бұрын
Yo, I wanted to buy the hoodie but why there is no link to it??? :O
@moneysins
@moneysins Жыл бұрын
If you’re being paid X but wants to be paid Y, tell the new company you’re currently being paid Y. Mostly likely Y is the market rate and you’re being underpaid currently, I had to do this personally, no shame to get what you’re worth
@jacobprice2579
@jacobprice2579 Жыл бұрын
Sadly it only works up to the interview stage in the UK. Moment the new employer requests your P60 from your previous the jig is up.
@moneysins
@moneysins Жыл бұрын
@@jacobprice2579 That’s rough buddy…
@jacobprice2579
@jacobprice2579 Жыл бұрын
@@moneysins yup
@luisfilipe2023
@luisfilipe2023 Жыл бұрын
No most likely the company is going to laugh at your face or think you’re top of the line when you aren’t. Just because you think you should be paid more (which describes pretty much everyone) doesn’t mean the market agrees
@moneysins
@moneysins Жыл бұрын
@@luisfilipe2023 Guess the 50% pay bump I got from doing this was just my imagination, oops 😬
@mikalbanks3753
@mikalbanks3753 Жыл бұрын
Straight facts… ALL OF IT
@leggo15
@leggo15 Жыл бұрын
I love how this channel has developed, it stareted sort of like a budget EE but has really satarted finding a its own identity!
@deepfriedthumb483
@deepfriedthumb483 Жыл бұрын
from what movie is that scene of the rock
@robbebrecx2136
@robbebrecx2136 11 ай бұрын
In Belgium 1/10 have a small business and it’s the backbone of our economy. I understand what you mean, but not all smal business is a scam. Not for everyone but it can be a good choice.
@MrSilviut
@MrSilviut 7 ай бұрын
Sir I love your channel. Do you have any other like KZbin channels I can follow? Not necessarily personal finance telsted
@deepdahiyaspeaks
@deepdahiyaspeaks Жыл бұрын
So TRUE, I switched two jobs since 2020 and earned 32% more than my Salary that I was making in 2019 and you can only become miserable at a job if you stay there longer than 1.5 or 2 years if you know that the time to leave is coming soon then you don’t care much about your duties and have a chill life and guess what this is coming from an Executive Recruiter 💯
@reprovedcandy
@reprovedcandy Жыл бұрын
My side hustle makes as much as my primary job. I work in software sales and started a side business building software. Overtime isn't an option, can't ask for more territory, no one picks up after working hours - so the whole side hustle vs. primary job debate isn't broadly applicable.
@cetriyasArtnComicsChannel
@cetriyasArtnComicsChannel Жыл бұрын
lol, I thought it was more on the fact that I dont care if others are rich, I just want to be able to afford time to work on my hobbies, take care of my health and family not worry about losing my home.
@MichaelBarnathan
@MichaelBarnathan Жыл бұрын
While it's true that other people generally don't care whether you get rich, they aren't generally opposed to it either. There are certain businesses where they should have a vested interest in seeing your money grow, like wealth management. If they didn't help anyone, people would stop trusting their money with them and they'd go out of business. Presumably. Fiduciary duty is a whole topic on this as well.
@xelaxander
@xelaxander Жыл бұрын
8:00 Hate the promotion of job-hopping. Any stint under a year does not count towards experience imho.
@UsefullPig
@UsefullPig Жыл бұрын
I've largely stopped watching these videos but I feel like I needed to hear this
@OluwamurewaAdesanya
@OluwamurewaAdesanya Жыл бұрын
I love your videos
@drewcrewsdpt
@drewcrewsdpt Жыл бұрын
Something I honestly have to remind myself every day. I was paying for a business coach and was trying to make content and all that, but was just getting burnt out on that and wasn’t seeing any upsides other than this coach helping me quit my outpatient physical therapy job and getting a job with home health PT where I make a lot more. I’ve definitely challenged my thoughts and views on finances since finding your channel so thanks for the great content and information
@bacool
@bacool Жыл бұрын
Lots of business coaches coaching coaches to coach coaches out there.
@aelfredrex8354
@aelfredrex8354 Жыл бұрын
Most people will always be working class. That's just a fact of life. Nothing wrong with making an honest humble living. Those are the people that keep the lights on, that keep the shelves stocked and the machine running. If everyone was a millionaire, the machine would shut down.
@dottega
@dottega Жыл бұрын
Although the little illusionary shiny objects won't hurt, I have digressed from the pursuit of financial riches and only focused on my wealthiest of health & happiness. & that I can do without painful suffering.👏🏿🖤✔️ thanx for the message otherwise.
@Ozymandias1
@Ozymandias1 Жыл бұрын
Comanies also value new customers more than existing customers. They give them better deals. Pro tip: tell the customer support agent that you are planning to leave, they will hook you up with Retention who will give you a sweetheart deal. I guess that will also work for employees, give out hints that you are looking for a new job, that salary raise you coveted will suddenly not be out of reach.
@DaComebakKid
@DaComebakKid Жыл бұрын
1:30 I'm dead 💀
@helgiomarsson6343
@helgiomarsson6343 9 ай бұрын
What years did you work at Goldman?
@skugga7
@skugga7 Жыл бұрын
This should be a mandatory mindset for anyone who surfs the internet. I know someone who is a practicing doctor and also happens to have a lot of money. He got involved in fast money-making schemes such as crypto, masterclasses, and investment advice from gurus. It baffles me how a man who worked so hard for his money can be so gullible as to believe someone on the internet whom he doesn't know personally, cares so much about his financial stability and fruitfulness to offer him advice on how to make better money. I advised him multiple times not to follow these influencers, but I had to swallow the red pill that you can't save someone who doesn't want to be saved.
@bullywag
@bullywag Жыл бұрын
Damn I love your vids and content. I hope you keep creating for years to come. Consider me a lifetime subscriber.
@user-vg8tx4wy9b
@user-vg8tx4wy9b 3 ай бұрын
This has been best video. “They Don’t Care if you get rich!”. Classic & truth
@robotman011
@robotman011 Жыл бұрын
Another great video
@prula
@prula Жыл бұрын
Nice Video!
@lujiang2390
@lujiang2390 Жыл бұрын
And it worked. I just subscribed. 😅😅😅
@ButternutStorm
@ButternutStorm 9 ай бұрын
Well, if one wants to get rich it wouldn't be from a day job. Personally, I found my dream job, boring as hell and get paid well enough to cover my cost of living and fun outside of work. I wouldn't necessarily benefit from higher salary boost unless I move to the next pay tier, but even then, I wouldn't know what to do with the extra cash.
@anthonyj7311
@anthonyj7311 Жыл бұрын
1:20 And come back every week I will. You honest bastard!
@guilhermehx7159
@guilhermehx7159 11 ай бұрын
5:54
@theghostmaker45
@theghostmaker45 11 ай бұрын
I mean its just wine how complecated can it be
@MrNH718
@MrNH718 Жыл бұрын
😢 I thought you cared..
@anthonyyoung6489
@anthonyyoung6489 Жыл бұрын
I know it sounds cliche but the truth is do what you want money will follow if you provide some kind of value people are willing to pay for. I’m not 100% sure that works for everyone but it works for me. And I’m not sure what anyone else’s definition of rich is.
@bradyanderson2404
@bradyanderson2404 Жыл бұрын
Curious if the job statistics regarding wages factors in 401k matches and other benefits. Moving jobs every 2 years means you are basically throwing away 3-6% every year
@LionBrine
@LionBrine Жыл бұрын
So what is the real way to get rich? It’s not about being overly intelligent or skilled. It’s having an idea you can sell to others and make other people work on your dream for you. Can we get a video how to start a successful business. Not all business is nihilistic
@sp123
@sp123 Жыл бұрын
The real way to get rich is already have money and live of interest from investments.
@baderhabib6606
@baderhabib6606 Жыл бұрын
@@sp123this is the dumbest shit I’ve heard
@4.1132
@4.1132 Жыл бұрын
Isn’t that like one of core principles a lot of economics is founded on: homo economicus and people acting in their own interest (at least before behavioral economics came along) 😅 Btw people getting treated like dirt for staying at a company may be a bit of an American outlook. I personally know a lot of people that worked for the same company for 25 to 40 years. Granted I live in a more rural area in Europe and a lot of people stay with companies because the company is a part of the community, where the company sponsors cultural activities for employees and their family etc. European labor laws are also very different, people might not feel the need to change jobs as often. That’s not to say that people don’t change jobs for better opportunities, there’s just more people staying or even returning after working somewhere else compared to the US. I think here employees stay on average about 10 years with a company.
@devman1238
@devman1238 Жыл бұрын
Or you could be a slacker at work and your boss loves you and keeps giving you top tier ratings cause he knows you can make 40% more at a competitor. First they convert your contract to remote only, then they give you rsus, then reduce hours, and recently pay for courses to take at work when you inevitably finish the assigned work in 2/8 hours. I always interview and have gotten offers as high as 35% more, but honestly, I am enjoying this game of throw more perks to prevent you from leaving. Now there are talks of a 4 day week for the team.
@swiftskilly
@swiftskilly Жыл бұрын
I like these not-so-subtle jabs at Graham Stephan and Andrei Jikh
@MiroslavNovosad
@MiroslavNovosad Жыл бұрын
You are right, I am watching your videos because of your honest opinions
@TwistedTZ
@TwistedTZ Жыл бұрын
"The only one who wishes you success is the robber who wants to steal from you" `some guy on the internet`
@andrewliffey
@andrewliffey Жыл бұрын
This was a really good video.
@MsCherryKiss
@MsCherryKiss Жыл бұрын
I know you care truly, deeply, about my personal financial well being. Thanks for your concern and compassion HMW. You saved me from financial ruin ;)
@kalonkoi6113
@kalonkoi6113 Жыл бұрын
I know that honesty is the best policy and i love this channel for it but that "I don't care .." hits with so much truth 😅😂😅😂😅
@clementoseitano7568
@clementoseitano7568 Жыл бұрын
Is that Kiaara at 1:00?
@TheJanitorIsIn
@TheJanitorIsIn Жыл бұрын
I never once saw this channel as a route to wealth- or even financial security, except in indirect means, maybe.
@MDAlok-iw3ej
@MDAlok-iw3ej Жыл бұрын
This channel is terrifyingly refreshing.
@lachlanraidal5100
@lachlanraidal5100 Жыл бұрын
Could you please do a video on best practice for job hunting whilst employed somewhere else? How does one get references from their current employer when looking around for another? People I have spoken to about this "job switch on average every two years" strategy have told me they're worried that they would be given bad references or let go if their current employer knew they were shopping around. Perhaps you should make a guide on how to tactfully court new job opportunities whilst working for a competitor.
@pendlera2959
@pendlera2959 Жыл бұрын
The Askamanager blog has a lot of advice on job hunting. If you're really worried your job will give you a bad ref for leaving early, that's a sign you should get out ASAP so they don't trap you forever. It doesn't hurt to look, but be careful not to use company phones, laptops, or email addresses for anything related to job hunting.
@lachlanraidal5100
@lachlanraidal5100 Жыл бұрын
@@pendlera2959 good advice! I'll give them a looksie. Seems like this is an important area to research.
@shuki1
@shuki1 Жыл бұрын
'One of the most reliable ways to make a lot of money is to pretend to be rich and convince people you have the secret to financial success' - for sure, that is the secret of personal success at all stages of life. Ultimately, your 'customers' (might even be your kids) want the assurance that you are 'selling them' something positive whether it is a product or advice.
@Sam_Stanton
@Sam_Stanton Жыл бұрын
This video is gold
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