This is WHY YOU FEEL POOR!

Sometimes it looks like everyone around you is doing well and is rich and is having fun in the meantime you feel poor. Ever wonder why that is? I think some new data on the amount of inherited wealth with the largest wealth transfer in world history, taking place right now can shed some light on that.
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[@nicolasbenson009]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@BridgetMiller-]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@berniceburgos-]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@tatianastarcic]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Michaelparker12]

Impressive can you share more info?

[@tatianastarcic]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Yup333]

I feel poor because Michael keeps showing me all these wealthy homes.

[@nationsnumber1chump]

that home he showed sold for 160k last time, same price as my home with probably half the square footage. lol

[@ag4allgood]

@@nationsnumber1chump Except now the flippers added $105,000 to the price ! At a time with higher interest rates. The slick flippers added an A to the address number. So its says in the listing previous Tax history unavailable.

[@shadowspire]

My new neighbor 3houses Down bought his house for almost 700k. It was a flip, the flipper got it for 230k in 2019 😅

[@carefulconsumer8682]

@@shadowspire The new Buyer might be shocked when they see the new property taxes and insurance.

[@katydid2877]

@@shadowspire OMG I hate flips. I was living in AZ in 2020/2021. Flipping like crazy and all gray, gray, gray and luxurious laminate for an extra $200K.

[@jamessouthworth1699]

All I want is a humble home. I don't mind driving an older car, wearing cheaper clothes, and not eating out at restaurants. Yet I still feel like everything is still too expensive.

[@SpiKSpaN-ei6zq]

I know how you feel man. Boy did we get screwed

[@TierraWind90]

🫂🫂 same here

[@truthseeker1959]

@@SpiKSpaN-ei6zqIt’s our own fault. And STILL we let our government of gangsters stay in power. Unbelievable.

[@mohhingman]

All the poor people homes have been vacuumed up by investors

[@shanerogers9386]

@@mohhingman are the homes bought up by the scumbag investors all fireproof?

[@sunnygirl9691]

The more you pay attention- the more you see that the entire world sees you purely as a potential consumer/customer. You will realize EVERYONE wants your money. This is exactly why you need to take a step back and just focus on wholesome living - spending time with family & pets, caring for your friends and neighbors, and enjoying nature.

[@jkmarshall3553]

My 2 cats are cool!

[@LLUSA2022]

Well said

[@Althea1111]

💯

[@rudolphsmith1022]

Praise Jesus Christ! HALLELUJAH AND AMEN!!!

[@stevenweiss2148]

There is a limit after a certain amount of $$ as to what more it can do for your well being.. how many cars can you drive at one time? That big house gets lonely. How many rooms can you be in at one time? The stupidest people I know are rich. The cheapest cheapskates will be 6 feet under. The worst abusers and criminals have lots of money. IF you beleive in the afterlife and Saint Peter asks you a question and you answer I have more money then anybody that's what I did with my life! Oh oh wrong answer.

[@AlphaJ369]

Sold my parents house 12 years ago for $1,500,000, it was fully paid off. My dad had passed and my mom needed care so she lived in assisted living and then dementia care the last two years. By the time she passed recently there was almost nothing left. I ended up receiving 30K and that is fine, that was their money. Don't rely on inheritance.

[@faustinreeder1075]

Memory care ( when it’s time) will eventually cost my mother $8500 a month.

[@yrevra2407]

My parents are getting older, and I have one brother. I live with them and help them. I'm lucky in that regard. A part of me wants to sell the house when the time comes and split the payment with my brother, find my own home, start anew but the other part of me, wants to continue living here. Continue caring for my mother's garden, and maybe rent out the basement to travelers? Or not, I have no children, no partner, and I'm in my early thirties. With the way everything is rising....Inheriting the house, and then maintaining it, even if I am blessed, raising my own family in it because it is a wonderful home feels almost like a safer idea for me. The older I get the more the idea of keeping the property in the family if possible feels wiser. Like I know the water bill. I know the electricity. It's all familiar. I know where the flaws are and already what I can fix/ improve. My biggest worry is just how to make enough money to afford keeping it. As much as I NEVER dreamed of relying on this kind of possible inheritance, I also can not deny how against the fear of the unknown, it's comforting. At the same time...I truly wish I didn't feel this way. For I want deny I still wish deeply I could afford my own home. It's such a crazy, crazy time.

[@johnputney8052]

Thank you for caring for your parents and having that view on life and their hard earned money. It's truly barbaric how some children are circling their parents like wolves on a kill to pick them clean before they even pass away.

[@relationshipmoments1]

Here's an outside of the box thought. Health tourism. There is good quality healthcare to be had in other countries. Take your $1.5M and parents and relocate, live the rest of their days in luxury cause your USD would get you so much more there than here. Just saying. And don't go to fear phrases; there are countries with excellent healthcare at 1/4 the cost of what we're all paying here.

[@ninjasites]

​@@relationshipmoments1uh, who are you talking to? His parents passed away and he's now nearly broke, did you even read the full comment?

[@thomasanderson1882]

I'm a millennial not doing well (financially), as I say, "poor in pocket, rich in spirit." One has to be very grounded in order to not become discouraged. I can't blame the lucky ones receiving family help/inheritance. Not in the cards for me. Thus, I must cultivate an awareness of finding value in other aspects of life- my good health, my job I actually enjoy, the beautiful community I reside in... Privileged notions like retirement, home ownership, investments, etc. All this is fantasy for me. I'm not intending to garner sympathy or apathy, just an honest reckoning of my position. Perhaps I'll find a way someday. Stand Sure friends.

[@GwendolynStancell]

AMEN 🙏 🎉😊

[@ihave35cents95]

Get a trade and then you won’t complain so much

[@seekingserenity1902]

You'll be fine, attitude is a big part of it and you're positive.

[@cheekytitaable]

@@ihave35cents95he’s not complaining.

[@CharlesFockaert]

"what does it profit a man if he gain the whole world, but lose his soul?" We're about to have a Reset to Reality, and the things we can't see are about to become most important again.

[@bateauboy1]

The reason I like your videos is you don't have the obnoxious intro music and you get right to the point.

[@PortlandEast]

Imagination

[@seemedecrazymuse]

I like obnoxious music tho

[@robertwalker-gc1ds]

I'm so broke I can't even pay attention

[@MalachiVanHaynes]

😂

[@katharinedominguez]

🤣🤣🤣

[@katharinedominguez]

🤣🤣🤣

[@Theholmesreport]

I'm a millennial. I grew up in poverty. I get no inheritance but my mum told instilled values and morals . I've worked from the age of 11 till now. I've been completely locked out of the property market as Australia has the second highest property prices on the planet. Instead I purchased a bitcoin and hope in the next 20 years it will be worth more than a mansion to hand down to my kids. I'll be renting forever as I cannot afford a home on 150k a year. It's sick

[@user-xj5xp6qz5g]

Im in Canada..not sure where we are but unless you are making loads of money and a dual income and you are ok going into debt for the rest of your life you aint buying a decent house in this country. The rents are insane here now keeping everyone poor. There are actually hundreds of videos on youtube now of immigrants who came to canada, warning other people NOT to move here... that canada sold them a lie and now they are trapped here penniless. The crappy jobs and rents have bled them dry and they are literally trapped here in poverty and are miserable.

[@AlphaJ369]

If you bought the bitcoin 10 years ago you should be fine but then again, I wouldn't count on bitcoin even to be around.

[@russelltate1394]

Very Smart to buy Bitcoin Congrats!!!!

[@yaiburanakul8505]

That is amazing how Australia property prices have skyrocketed. How do you think it became this way?

[@kd3nal72]

​@@russelltate1394 you should be ashamed encouraging bitcoin ge might as well take every penny to a casino cause he misses the bitcoin hype its done lmao

[@TheRealBrillski]

It's more than a feeling. I am poor.

[@delinquense]

"More than a feeling! ". - Boston 😊

[@azmike3572]

@@delinquense Yeah, out of 1976!

[@user-xe5zc5xc3v]

Yep .

[@AlexanderNixonArtHistory]

@@delinquense prophetic!!!!

[@TheUtuber999]

@@delinquense Instead, the economy should be Smokin'... because it's been such a Long Time!

[@musicgroopie1]

You came into this world with nothing and you shall surely leave with nothing. Work hard be frugal and he grateful for what you do have. Life is not a competition.

[@filmjustice4172]

I say to my parents all the time, don't worry about leaving us kids any money. Enjoy the money that you earned. If we have nothing when we die then it most likely means we enjoyed life to the fullest (hopefully).

[@serggla924]

There is only so frugal that you can go

[@rudolphsmith1022]

Praise Jesus Christ! HALLELUJAH AND AMEN!!!

[@ralphfinklea7855]

And life is short so why even bother to get wealthy, your money will sprout wings and fly away (paraphrasing from Bible).

[@jonathanjacques7250]

Amen

[@marvinphillips1326]

Don’t be surprised if the IRS customer service hotline is answered by people in India 🕌 This government has become a clown show 🤡

[@markme4]

🤣

[@williamburrell8485]

😂

[@mollynguyen834]

Then they sell your info to china

[@demetriuspowell29]

Bruh every time I call t mobile I’m greeted by Aladdin

[@marvinphillips1326]

😂

[@annanorth7997]

Assisted Living and Nursing Homes drained my parents and in-laws' retirement savings. Inheritance is not guaranteed.

[@Battleneter]

Yep, I am GenX and have several friends that lets just say made mistakes and don't have much to leave their kids either. Lots of people were also destroyed in the GFC.

[@bartcobb877]

yup...both my parents lived into mid 80s and there was nothing left

[@faustinreeder1075]

My mother is in assisted living and it’s $4300 a month

[@MichaelGiordano777]

@@faustinreeder1075 Thats considered cheap in most States believe it or not. The assisted living near my 92-year-old mother in Manhattan is 12k a month just to get in!

[@Cold_Hard_Truth]

I got divorced 4 years ago, so that cheating floozie is gone. My siblings have my termination directive when the time comes. It will come from me in a text. No Assisted living facilities. My kids will get everything.

[@maxangeles6279]

the failure in our system is that lying and cheating ends up getting rewarded for their bad deeds. life is unfair.

[@sl123sl]

Yes....that is a major problem

[@cherylT321]

That’s because pathological liars and sociopaths end up in power!

[@okgood8529]

@@cherylT321 Power attracts people like that. That's why big government is always destined to be corrupt.

[@markokrasinski8033]

What goes around comes around

[@cherylT321]

@@okgood8529 That’s so true!

[@TheSteveTheDragon]

I don't need a yacht or a mansion. I just want to eat well, and this economy isn't even allowing that.

[@PortlandEast]

Imagination

[@nogames8982]

We could’ve easily updated our entire infrastructure right now, if we had not sent all that money overseas.

[@dyates6380]

Yep. You're correct, but it's not part of the leftist plans. That's why only nine cents on the dollar of the "covid" package went to relief from covid and also the "infrastructure" bill had more pork in it than a swine processing plant. We are clueless with how congress spends our money. It's truly sad.

[@lindalewis8503]

Many actions of the government make me angry but that is the worst. I get that some funding is necessary but it has gotten obscene.

[@sprinkle61]

Oh, come on, do you really think those retread woman-beating Taliban could afford all that new military hardware we sent them ? Of course not ! Why you gotta hate on hard-enslaving people getting ahead for once. If you won a war against the US, wouldn't you would want some spoils as well...

[@vivb.7161]

Our power grid is held together with duct tape n bailing wire- just one high altitude RMP above Kansaa and back to 1800s for us all!

[@kevinpratt-ge5ye]

Retired electrician here. Our infrastructure can't handle what is coming. 😮

[@hvaball150]

Well, that's why you are not an engineer...

[@cheekytitaable]

@@hvaball150troll

[@TheUtuber999]

How many years have you been retired, though? If it's more than 20, your opinion should probably be taken with a grain of salt. 😁

[@mohhingman]

Thanks for the warning mate. Don’t mind the naysayers

[@kevinpratt-ge5ye]

@@TheUtuber999 3 years years summer.

[@robertwright7283]

Americans really are getting poorer and poorer.

[@Srt597]

Build back poorer

[@ag4allgood]

No , the Richest Americans are getting richer ! Keep voting for Republican's that give Huge Tax Breaks for the wealthiest & Corporations. That will make you poorer & poorer Robert.

[@johnjaco5544]

It's called the devaluation of the american dollar.

[@Ziegfried82]

The bottom 90% are for sure.

[@Battleneter]

@@johnjaco5544 Notice @robertwright7283 is likely a bot account created in 2024, with likely a few dozen automated likes. I am not sure why people are running bot accounts for comments like this.

[@joe1940]

I've known people who inherited large amounts of money and ended up going broke. It's easy to be careless and take things for granted when you didn't work for it.

[@greendesertgoddess]

Like King Solomon said . . .

[@Pondapple]

Easy come, easy go. You have to have skin in the game - that will make you pay attention and work harder. Never give a brand new car to a teenager.

[@BruceLee-xn3nn]

Same thing happens to a majority of lottery winners.

[@debbiec6216]

That was their big mistake , going on spending spree. They needed to pay their debts off , live within or below their means, just NOT above their means !!!!

[@DianaPrinceitiswhatitis]

Say it again for the people in the back.

[@OldsmobileCutlassSupremeConver]

I just talked to a young guy who works at Amazon as a delivery guy and asked him, "Are things slowing down. "Yes"

[@jonnyp5252]

Just keep in mind.....they are also dumping 4x the amount of parcels on the Post office as they used to....people still have liquid cash to blow. My guess is its MOSTLY FREE MONEY to them....

[@markme4]

That's a bad sign

[@demonznhellcatz8502]

​@@markme4 When the transportation industry is slow, that means everything else is about to do the same thing. Truckers say this all the time but nobody listens. I'm in the transportation industry (not a trucker) and things are severely slow. Not only that but every business is cutting rates left and right so that you'll never actually make any money anymore.

[@markme4]

@@demonznhellcatz8502 Absolutely right

[@user-xj5xp6qz5g]

i cancelled my amazon account. that site has become terrible with all the cheap chinese crap and amazon makes it so they can all run scams and sell their garbage. There so many of them that its impossible to actually find someone that isnt selling cheap dangerous garbage.

[@jamescares9003]

I love how GEN X never gets talked about. Go GEN X haha

[@Ziegfried82]

May as well call gen X the forgotten generation at this rate.

[@tamjeanell]

We are the last of the 'wanting to work' generation...we know how to budget

[@autobotdiva9268]

we dont care. gen x

[@realestatebykemi]

Exactly! He got this one wrong.

[@james-sb3ot]

Especially the baby busters born between 1962 to 1969...only about 8 million of us....compare to baby boomers of 75 million

[@joesmith3590]

A lot of that wealth will end up being used in health care. Unless the parents die suddenly they will use a large portion of it. Home health care is very expensive.

[@pageredmon8167]

I was coming here to say that, too.

[@Kragum24]

Absolutely right.

[@bobwinters5572]

Depending on how wealthy the parents are. If they're very wealthy, their children will inherit a lot. If the parents just own a house, that is if the parents were mere Homer-Simpson-like suburbanites from the '80s, the children can expect the hospital and LTC facility to get the money before the children can get at it. So, if you've got children and they're still trying to decide what to do for a living, tell them to get into the health care business.

[@cheekytitaable]

All by design

[@rosesmith6208]

its their money how they spend is is none of our business, we have to make our own, but I think with the way things aer going the wealth your want to build is impossible, and that is the government and big business controling government that is the problem not the baby boomer and others for your lack of wealth enough to live decently.

[@UK-Expat-in-USA]

I am an Ex-Pat from the UK and grew up with parents from the WWW2 years, so grew up without little money, and I am not complaining as it taught me well about saving money. Within the last few months paid off the mortgage, have no car payments or credit card payment and continue to add to saving. We sit here living a modest life watching the Jones use their homes as ATM's to buy the expensive toys, we are preparing for the next down turn and thinking of starting a tent rental business for the Jones for when they lose it all, a little tongue in cheek. Michael I watch you channel daily and agree with you 100% !!

[@gruanger]

I am the government and I am here to help...with that wealth transfer...

[@tommytillman]

The more FREE money printed by the government, the poorer we ALL get. It's called INFLATION (or DEFLATION of the money supply). FREE Money is given in exchange for votes, which makes you temporarily feel good as you spend it, but it gets sucked back out of you due to the resultant Inflation. Hope you all learned something these past 4 years...... you get what you vote for.

[@user-lh5re8jh7u]

More dollars for fewer goods and services is inflation. Our dollar has lost 98% purchasing power since 1913. Notice that income tax and the federal reserve were both instituted in 1913.

[@chrisstonehouse92]

Or more correctly described, selected not elected.

[@theredneckalien5964]

Yep, when the government handed out all those trillions of dollars for covid I was making around $96,000 per year. I got exactly $290.70 of that money but have to deal with all of the inflation that was caused by the creation of it. Have been out of work since December 2022 (job got sent to India). Thank you Obama's 3rd term (aka President Biden).

[@lakeerie70]

FACTS

[@TheNoticer83]

Imagine my frustration 4 years ago when I was telling everyone that shutting down our economy and giving people "free" money was going to destroy our future. Too many shortsighted people were enamored with the "free money" and considered it the best thing to ever happen to them.

[@delinquense]

I prefer to keep up with the Smiths. You know.. The ones still driving a 1999 Volvo.

[@markme4]

👍

[@rv6205]

those driving the old volvos are the ones with the money ....truly rich people dont show it off

[@misdesixtysix8255]

I drive a 2003 Town Car, looks brand new.

[@1mouseman]

At least we have plenty of ready cash for foreigners.

[@swlc5555]

No money for a border wall or any attempt to stop ill legal im' uh gration, but all the money in the world for foreign countries to protect their borders.

[@Cold_Hard_Truth]

And their families back in MEH-ee-ko.

[@user-ms3ko5gn8e]

Illegals And overseas wars

[@followyourbliss101]

when everything goes up in price and your income stays the same or falls, then yeah, you are getting poorer by the day. The luxury yachts and homes in these videos are a surreal counterpoint to the constant bad news

[@bubbajones4522]

We're slaves to the people who control the currency. We might get a 3% raise if lucky but the government and globalist bankers counterfeit the dollar and add 6% to circulation which results in us getting 3% poorer. We will always be their slaves until we stop using their debt based currency and create a new type of money they can't control or counterfeit.

[@justinlowry6522]

I'm trying to prepare for the future, because we're one health issue, one lay off, one financial miscue from being in a world of hurt. But it's getting down to crunch time.

[@carefulconsumer8682]

All the new house buyers are screaming about their property taxes. They evidently do not watch your videos because they would have known that their property tax rate is NOT going to be the old tax rate when the house was worth 45% less last year. They overpaid for the house and failed to realize their new, current prop taxes are going to be much higher due to the increased appraisal value. More people should watch Michael to learn and be smarter about their financial issues imo.

[@Jack-pd4ps]

My property taxes actually dropped. So glad I didn’t listen to this channel before I bought.

[@Pondapple]

For a brand new condo, the HOA fees will go up after the builder turns the HOA over to the owners (when the last unit is sold.) . The builder has been "eating" part of the common area expenses while there are still units for sale, in order to keep the HOA fee deceptively low.

[@amunderdog]

Was watching farmers discus property taxes. They claimed farmers where being ruined by property taxes. Michael was suggesting Illinois; 2.29% only state higher is New Jersey 2.46%

[@carefulconsumer8682]

@@amunderdog Many new areas in Texas now have property taxes of 3.5% or higher. School tax portion is the biggest increase.

[@lbaker3602001]

My electric rate & Nat. gas has doubled since Corn Pop took office.

[@Cold_Hard_Truth]

My homeowners' insurance went up 26% this year, never filed a claim, no tornado alley, no flood zone, no hurricane or earthquake threats, etc. W...T...F...?

[@SunofYork]

That is no reason to elect "The boys from brazil"

[@EarlCo]

EVs are not why I feel poor. It's all the currency printing.

[@striker5458]

Haven’t been this poor since I was 22

[@jkmarshall3553]

So, are you now 23?

[@striker5458]

@@jkmarshall3553 36. Sad times

[@kentucky4494]

*YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?

[@hunantrain]

None!!!! considering the present unpredictable market volatility there are over a thousand reasons why the market is a no go especially now.

[@MichaelWeebles]

Not true at all... Although the market isn't so stable at the moment, it isn't as sick as some people have made it look... In all honesty, as a beginner who knows next to nothing, I have made over $12k net-profit just in a couple of months... I'm a retiree, and I am using these extra resources to help pay for odds and ends that I want.

[@buryatiaducky4233]

Hi Mr.Micheal Weebles, from my little experience your profit margin is quite stunning for a beginner. How did you do it; Do you make use of spreadsheets? Thanks if you reply.

[@MichaelWeebles]

NO I have never used a spreadsheet.. It's of no relevance to me... I work with Kelly Marie Matwick a regulated advisor...Look her up, she's good.

[@ButterFadeGolf]

Cat fod and litter

[@cheaplaughkennedy2318]

Consequences of an eroding currency and purchasing power from Central Bank currency destruction

[@BRIGGS2710]

nailed it

[@bubbajones4522]

I wish more people understood this root of the issue. I think they'll let Trump get back into office so they'll have a fall guy when they completely collapse the dollar. My question is what are we going to do about it? Are we just going to restart with a new ponzi currency that they can counterfeit and control?

[@denisem6790]

Unless you currently earn a lot - you will soon be making choices you never thought you'd be making.

[@TheNoticer83]

For a lot of people that's actually going to be a positive. So many people have been conditioned to be full-time consumers who throw their money at every service and product that comes their way. Broke zoomers are spending half their paycheck having food delivered to them. This kind of nonsense needs to stop but it won't stop until the people using the service have no choice but to stop

[@Rich-lu6pd]

I never worry about other peoples money. I have enough to worry about with my own money!

[@Bruins77Fan]

Im 38 and make good money and will probably never own a house. Its so fkn maddening.

[@joeswanson733]

imagine the millennials not even making good money. how do you think they're feeling?

[@tomv7986]

Same here. Earn well above the median, can't afford a normal place.

[@misdesixtysix8255]

Just keep saving and keep your eye out for a good starter home. One step at a time. You're still young and if diligent will do fine. Don't get discouraged.

[@rwdplz1]

'Of all the times to be doing it, they're doing it now' Every company in the country sees the writing on the wall, and is trying to grab as much money as they can before the downturn.

[@jkmarshall3553]

It... is Over!

[@blackworldtraveler3711]

People that save,invest,avoid debt,and live within means do this too. That’s why I’m a shareholder of solid companies,have cash on standby, and zero debt. Going to enjoy the ride.

[@SheepAmongGoats]

I don't even give a f' at this point anymore. tired of playing the game.

[@Srt597]

Your “give a damn done broke” haha 😂

[@PrybarCommando]

Me too! See you on the front lines comrade!

[@josepp4evr]

Yeah, that's what they want. I'm from Venezuela and what happened there is nothing compared with what's happening here. People just don't care and they won't even protest about it.

[@richardscathouse]

Amen

[@richardscathouse]

Move sixteen tons and what do get? Another day older and deeper in debt. My life the last fifty years

[@jasoncrandall]

I feel poor because I pay 43% federal income tax. Nothing costs me more than taxes.

[@Bruins77Fan]

Same here. It's disgusting

[@andrewsnyder9262]

@@Bruins77Fanand you don’t even get any benefits from that amount. It really is disgusting. At least throw in some health care.

[@user-ms3ko5gn8e]

You're paying for all the illegals & overseas wars

[@stevegoodman3692]

Just wait! Biden got big plans to increase taxes in the US.

[@somehandle215]

Why are you paying 43% federal income tax when the top bracket for federal income tax is only 37%?

[@RichardHoltz-ys4po]

I thank you Michael for always being straight and honest with the information that you provide. At times people will kinda get down on you because they say things like you’re doom and gloom. I consider myself a realist and I’d much rather be told the truth no matter how gloomy it might be! So…please continue to just give it to us straight up!! 😊

[@S2023.]

Yes electricity is unaffordable. I try to turn in at sunset and wear my camping headlamp around the house at night, don't use a microwave or dryer. Still the electric bill doubled.

[@Ziegfried82]

I stopped using a microwave a very long time ago for my health. It's crazy how much healthier you eat when you don't have one of those things.

[@chrisstonehouse92]

This is planned by the Puppet Masters. Fake climate nonsense.

[@cheekytitaable]

😂 but not about the bill. Seriously though, invest in a pressure cooker and air fryer to avoid using the stove. Turn down the water heater and adjust thermostats and meal prep for the week.. I feel it too. I for see weight loss in my future lol

[@Bamapride1985]

Especially if use led bulbs, the lights don't use much electricity at all. Your HVAC unit accounts for around 40-50% of the usage in most homes. Be sure to change filters and keep it serviced or cleaned yourself at a minimum

[@Bamapride1985]

​@@cheekytitaable the classic poor man's diet

[@boldorbroken]

It's not about keeping up with the Joneses anymore. It's come down to just keeping up

[@user-vy7nd5ss1h]

Insurance rates bout to go even higher after Midwest Tornado outbreak. Get ready for higher premiums folks

[@blackworldtraveler3711]

Tornados happen every year.

[@itsnotfuuny2573]

When you see no sale history, you know it’s hidden from you on purpose.

[@tizzx4945]

If u see your neighbour driving a super luxurious car don't be jealous he might have not the money either and is just borrowing himself up the hill!

[@cjhoward409]

I have a friend who bought (financed) an Escalade for $80,000. Couldn’t afford the gas so she drives their older little sedan. Lol. Crazy

[@ihave35cents95]

Where he bought it in cash some people live way below their means

[@hideoussails1783]

It kind of gives it away when he has a pizza delivery sign on the roof 🍕

[@lovethemflowers]

Yes, you should feel sorry for that neighbor or just think they're pretty stupid to put themselves in that situation.

[@lovethemflowers]

@@cjhoward409 Now that's just crazy. Escalade just sits in the driveway while they make payments on it!

[@davidcobb464]

The majority of wealth in the US is transferred by inheritance. The chances of someone becoming wealthy in the US who wasn't from a wealthy family is close to nil.

[@cjhoward409]

You don’t have to be wealthy to pass on to your kids. Even getting $50,000 would really help the next generation. As long as that next generation isn’t foolish with that money.

[@davidcobb464]

​@cjhoward409 yeah, anything helps. A shame the tax rules benefit the wealthy, quite so much. The Trump tax cut, reduced my taxes by about 50%. I didn't need it, but I'll take it.

[@afrivox]

That's pretty much everywhere. In actual fact I think the US is the only place you can get wealthy from humble beginnings. 😢

[@Ziegfried82]

It is true. Upward mobility is actually quite low in the USA for the past few decades..George Carlin said it best, "It's called the American Dream because you have to be asleep to believe it."

[@tamjeanell]

...unless.....u started a business

[@frozty189]

Many people make money off of telling people what they want to hear, when you watch this channel understand that this is what is happening here. You are not doomed, it is not all gloom, but if this is what you need to hear right now then 💕

[@sergiolandz6056]

this parasitic system we abide to is out of control.

[@richardscathouse]

Since the 1920s

[@bubbajones4522]

@@richardscathouse Since 1913 to be exact.

[@Jay-G_37]

​@@bubbajones4522 you get it. Dutch east india co that created bank of england

[@BillyReed68]

And the government is going to tax the crap out of that wealth transfer.

[@capnvideocapnvideo2216]

One thing about up here in Canada is that they don't tax wealth transfers.

[@fredsmith9570]

Not

[@richardscathouse]

Ler'em try 😂 I never met a government I couldn't outsmart 😂

[@rosesmith6208]

so true when my dad died we paid the taxes up front and the rest was barly enough to give us a few thousand a peice for me and four others. they want you poor. when yu try to do better for yourself they penalize you for it. when iw s on welfare and working hard to get off of it, they took a dollar for every dollar I made, if they would of let me keep it for at least a year I would of been able to buy a used car or even a motorcycle to get better jobs furthur out so I can get better pay and less expensive living.

[@fredsmith9570]

If you pay inheritance tax , your father flucked estate planning

[@Needglory23]

Easily one of the best doom and gloom channels on KZbin.

[@Uratz]

Tried to order from Uber eats the other day, but it cost like $50 bucks for 2 foot long sandwiches, then I decided to eat leftovers and canned food.

[@jonathanjacques7250]

Smart

[@redtiger7268]

Why didn't you drive (walk if possible) and pick it up for half the price?

[@sidearmsalpha]

Yeah, this reliance on food delivery is getting out of hand. I've never used Uber period, and I would never consider it for food. I could see if you have no way of getting food otherwise or are disabled but a lot of people are quite capable of driving a few miles away.

[@shadowfax9177]

I absolutely refuse to ever use Uber eats. Unless my family is horrifically ill, we don't have food and no one else can help out. Not only are the food prices more than the restaurant, but the additional charges, tips....it's ridiculous.

[@halfdollar1]

Not sure why but my average cost for gas and electricity is about $60 per month. It peaks to about $115 in the winter months. This is for a gas heater and an air conditioner for 1220 square feet. I was paying almost as much for a 758 sq ft apartment between 2019-2021. Every day I count my blessings for buying this place as an investment property in 2016 and has been home for nearly 3 years.

[@JBoy340a]

Sounds nice. I assume some place with a relatively mild climate.

[@autobotdiva9268]

wow, mine is $300 and up in the winter. elec/gas stove

[@richardscathouse]

Really depends on you. My average is $100 a month. Most people in my HOA with like units pay over $300 a month. 😢 PS I have the only EV in the association 😊

[@ihave35cents95]

I do 5200 sq feet on 400 total electric

[@halfdollar1]

@@ihave35cents95 all 5200 heated/cooled?

[@lovechangesus]

Great putting the video of the vulture in when you are talking about them wanting us to own nothing and be happy. Very appreciate.

[@Juliet875]

Thank you Michael and Happy Sunday!

[@Curlyblonde]

You can compare people's behavior to inheriting sudden windfall wealth against lottery winners. Both usually blow through their money within 5 years and are ultimately worse off financially than they were to begin with. Easy come, easy go.

[@BruceLee-xn3nn]

Exactly! I've heard this before and one lottery winner ended up broke and a million in debt from poor investments.

[@oneemotiva4975]

I've noticed a common theme in Miami and Dallas-there's a misconception that we're all financially equal. It's important for people to understand that wealth disparities exist, and there will always be someone wealthier than you.

[@lisapolanski9379]

Throughout history, it was understood that people were to live a good and honorable life according to their station in life (and it had nothing to do with striving to have more, and certainly not dreaming of becoming rich.) But now just to have a roof over your head you have to somehow come up with a lot of money.

[@LDrosophila]

and inheritance drives those disparities futher especially when the poor and middle class seniors will have to lose their homes to pay for longterm care

[@oneemotiva4975]

@@LDrosophila Hi, It may be, but we are not all the same unfortunately is life, nobody is ever equal. You cannot blame somebody from having money. Many may have inherited, but the parents may have work very hard for that money. I myself worked 16 hours days including Saturdays and Sundays for years, I am what is consider been rich today, and yes my money is going to my children, but they both work hard as well and they deserve it, they are not entitled and they are smart and not lazy. I am sorry you feel that way, but again its life. You achieve goals working hard. Also many rich people go Bankrupt, so it evens out the field.

[@shannondavis5728]

Experienced Realtors that work diligently with integrity are priceless!!!!!!

[@SantysearfBearprojects]

If you feel poor just remember facts don't care about feelings

[@Falconlibrary]

The biggest myth of my lifetime is "Americans are rich." No, we're not. America is a country with a small number of very rich people, but Americans in general are impoverished. 56% of Americans say they can't cover a $1000 emergency in cash. If $1000 is a lot of money to you, you're poor. If the survey upped that amount to $5000, I'll bet 80% of Americans would say they couldn't cover the emergency. No, I don't want to hear lectures about how we fritter away money on Netflix subscriptions and avocado toast. That's a bunch of crap. The real issue is that working hard just doesn't pay. I know a LOT of people who work VERY hard, are VERY frugal, and are STILL broke. This is why we need strong labor unions. I was a unionized worker (as a teacher), and studies show that teachers in strong union states earn 22% more than teachers in weak union states.

[@lindaadams1008]

Buying a small home years ago was a smart move for me... Now that I'm retired, I don't need to downsize... You never know what other people are doing to maintain their lifestyle... We've all seen those stories on American Greed...

[@jackblack3886]

As a retired nuclear power engineer, the power grid is not up to the task. We dodged the power shortage scenario back in 2008 with great recession. Same thing this time. Power bills not going down as there is no way the grid can support the masses driving EVs.

[@jkmarshall3553]

Man... nobody wants those sh&&y EVs anyway!

[@ultrakool]

14:07 Klaus Schwab reference cut to a vulture. Brilliant

[@truthseeker1959]

I heard Klaus died, but no proof yet. We can only hope.

[@sheisLD]

Random aside, you're rolling up on 200k, congrats!!!!! I watch all of your vids, glad others can see the value too!

[@jrking178]

Man you hit the nail on the head. Everything you said is what I've been thinking all along. Every company wants their piece of the pie. Pretty sick. Keep up the good work.

[@Jenks1]

It feels like it is our imagination because the news always says things are great and will keep getting better.

[@cherylT321]

I barely watch the mainstream news; what’s the point when so much of it are lies or telling us we’re imagining things!

[@azwife1715]

They lie...but want us to believe it is

[@gregschramm8180]

Living within your means is something most older people know

[@debbiec6216]

Amen !!!

[@cherylT321]

Like me!

[@tomv7986]

Tonnes of spoiled boomers 😂

[@LDrosophila]

Not Boomers the Yuppies

[@jimmyamico4713]

Your videos are getting better and better… truly cutting edge truth of what’s going on in the world. Good for you MICHAEL… Good karma coming your way.❤

[@bryanspayde5681]

Here in Ohio . Those that have electric cars . Their electric bill is between 450 to 700 bucks a month . The math doesn’t add up .. I don’t have a electric car and my bill is between 60 to 70 bucks a month ..

[@mrgtmodernretrogamingtech6891]

I own a 1991 Isuzu SUV, 2012 Honda Scooter and a Used not so Fancy but Presentable House from 1995, people around me (friend or not) always ask me : Why I don't buy/upgrade new stuff? Why I'm punishing myself? Am I broke? While them living paycheck-to-paycheck and have a continuos debt due to their stuff and lifestyle that they can't afford... And if you are good in financial management, you know my answer...

[@marysinclair1214]

My partner and I drive old vehicles. I have a 13 yr old Honda Civic we have a 2008 Ford Escape piece of crap we keep around for the dogs. We have zero debit we do NOT look like we have any money. House is paid for. We still don’t like how much the cost of everything has increased.

[@mrgtmodernretrogamingtech6891]

@@marysinclair1214 Enjoy your freedom ma'am/sir!

[@carmenhealer4635]

It is expensive to be poor. With fantastic insulation, solar panels and an all electric home with a heat pump that either heats or cools the house. Power bill is $15 per month. Poor person living paycheck to paycheck cannot afford to upgrade.

[@blackworldtraveler3711]

Most people can’t afford it if they have to go into debt to justify a $15/mo. power bill.

[@damncars2618]

Financial freedom is the best thing money can buy.

[@faustinreeder1075]

A man with no bills is a rich man.

[@winniethepoohandeeyore2]

We paid 64,900 for our house in rural usa and bought an e bike, we put saddle bags on it and that's how we shop, sometimes it takes a couple trips to the grocery which is about 7 blocks away, Dollar General 4 blocks away but so what. We're good.

[@johnzywko5885]

Micheal you’ve got information other realtors , home inspectors and sellers would never disclose, but as a buyer you have to disclose everything..thanks,well done,your the best..

[@KreaVine]

I 💚 your channel and how much Truth you expose! 😁

[@williamrice4608]

You have to adapt to the new paradigm. Learn to be frugal (but not cheap). Insist on value for your money. Invest carefully. Make what you own last longer by taking meticulous care of it. Buy assets and not liabilities. Shop farmer's markets, thrift stores, pawn shops, yard & garage sales, Craig's list, Facebook market place, ebay, and where ever you can get a good deal. If you want to win against inflation you will have to fight. More than ever we have to be on our game. Good luck out there.

[@misdesixtysix8255]

Make it a fun game to play 😊

[@williamrice4608]

@@misdesixtysix8255 Getting good deals is always a fun game as is saving money.

[@marknewton6984]

Adapt. 😮!

[@Tetelestai-cw8qy]

Went from $60k to $100k in 2023 and I didn't even feel like I made more money at all.

[@Bamapride1985]

You kept up with the real inflation percentage

[@jonnyp5252]

I did the same! Been trying to crack 100k....FINALLY do.....and its moot lol

[@rosesmith6208]

taxes inflation is a hidden tax too, they want you working hard to pay for their wars and heavy spending on non essentials of government services and activities, instead of sticking to keeping basic services that benefit the country not give it away and funding wars that are not defense wars but empire building wars. to promp up the dollar.

[@markme4]

You didn't !

[@michaelsnively3621]

Good for all you guys. Try and stay positive and motivated.

[@johnny6pac567]

Working class and elite class is where we are in reality😊

[@carefulconsumer8682]

Dalio said it best the other day; the middle class is trapped between the Elites and the streets.

[@justinlowry6522]

Slave class and elite class

[@jkmarshall3553]

We are basically India!

[@justinlowry6522]

@jkmarshall3553 in my area on N.C. Indians are buying up all the 600k to 1 million homes. So they're elite must be moving here

[@pinschrunner]

Thank God I never suffered from Keep Up With The Jones Syndrome. I have my own carpenter and drummer to lead me, along with my internal compass

[@Pondapple]

I love to say, "Big hat, no cattle."

[@jamesbrown3506]

Mike walks through nice neighborhoods so he won't get shot or mugged.

[@greggood4772]

😂

[@actualfacts1055]

The more that the Government interferes the more expensive that everything gets.

[@TriggaTreDay]

I live in a 4br/3ba 3level house in the 4th most expensive city in America and my bill is $330 during the height of the season (coldest months of winter) running multiple heaters throughout the house. I would lose my shit if my electric company started charging that on a regular basis. My bill for most of the year is max $160/mo

[@devanishant]

I see they are spraying you from 30,000 feet in Florida as well.

[@jitaliano81]

Another fun fact about evs is that the production on an EV vehicle leaves them same carbon footprint as an ice vehicle emits within its first 8 years on the road

[@poodledaddles1091]

Thanks for addressing this topic!

[@Chief1lung]

Sweet he missed us guys. All us gen xers out there show this man some love. He is on our side

[@riverraven7359]

If the inherited wealth is three times the national debt, how long do you think it will take government to crank up inheritance tax to pay for their continuous failures in budgeting?

[@LDrosophila]

They should because it will further concentrate wealth to very few

[@globear18]

thanks for all your research & info :)

[@BRIGGS2710]

+1 for calling out some of the great evils, of this world. Their greed will be their downfall.

[@devanishant]

Sour grapes?

[@BRIGGS2710]

@@devanishant lost cause

[@timluna9780]

Try living in a military town. Everyone's on disability , work the system or the system works you. What about all these federal and state jobs there doing well.

[@Ziegfried82]

The thing about the military is that it is a giant leech. It does not actually generate wealth...it destroys the wealth of others while draining the bank account of it's host nation. It's why the Founding Fathers were against having standing armies. Theoretically the military protects the nation and protects trade routes. In reality? It ended up bankrupting the USA.

[@JBoy340a]

Move.

[@timluna9780]

How is that the answer. Half the country on a socialist gravy train Made government their god. Dependant for help and doing better than hard-working people. There very little opportunities to many people weighing the system down. To many shameless intilted beggars, in this country. It's a dead weight country.

[@carmenhealer4635]

I read the book, Dark Money about 10 years ago which points out the concerted effort to destroy the middle class. I guess it worked.

[@greendesertgoddess]

Should be required reading, but who will enforce it, with the massive closing of schools.

[@cherylT321]

@@greendesertgoddess And the idiots banning books!

[@TheNoticer83]

Destroying the middle class is part of the devil's plan. Poor people are reliant on handouts/programs and can be controlled by cutting them off from their freebies. Rich people largely value money over all else and spent their life focusing on money, so they can be controlled through cutting off their ability to spend their wealth. It is the middle class that doesn't rely on handouts and also isn't completely driven by money. Only the middle class would offer resistance against the mark of the beast and the beast financial system.

[@JV-zt8lc]

There will be a inheritance tax coming soon. It’s all planned

[@thomasrennicke7107]

Was thinking the exact same thing. Just like when I talk to family about 401ks and IRAs Roth or not. The push back is always..... they can't do that! The law says this. My answer is always.... oh who wrote that law? A person with an agenda whose agenda may change when they seee a perfect bailout of your hard work?

[@Cold_Hard_Truth]

And "means testing" for SS. So if you get a company or gov't retirement check, 401K, phat bank account, and other investments, you can expect YOUR SS to be confiscated and given to your slack-jawed , "fresh-off-the boat" charity case neighbor.

[@ThriftShopHustler]

Me and my wife were just starting out during the 2008 downturn. It really screwed us up because she had a job in finance and was making good money. We were on the path to home ownership. That crisis screwed us up for 10 years.

[@LDrosophila]

and took away our potential to save for retirement

[@TheCollector1987]

Alright, this shits rigged.

[@bubbajones4522]

Yes it is. The debt based fiat currency we use is a ponzi scheme about to collapse.

[@steelisthemeal]

SHOCKING !!!

[@steelisthemeal]

@@bubbajones4522nah no it won’t

[@kolbpilot]

I live in the mid-west in a 2 room house. I'm sure the electric rates have gone up somewhat in the 10 years I've been here but I pay about $25.00 a month now. Switching to LED light bulbs helped. My new 40 in. LED TV uses less electricity than my older 32 in cold cathode ray tube (backlight) TV. And, a newer used fridge seems to be more economical as well than the one it replaced. Having gas appliances takes the load off electric as well.

[@jwetzel3141]

17:50 it’s like we all realize we’re on the titanic and we’re trying to grab the silverware before we hit the lifeboat. But as you know, they’re just aren’t enough lifeboats!

[@LDrosophila]

and you cant bring the knives and forks on because you might pop the lifeboat (longterm care)

[@jefff8130]

"Second oldest tree, I dont know how they know that" I feel the same way with everything I hear too! I love it

[@rokyericksonroks]

Silly Michael! Doesn’t he realize that was the money tree?

[@dyates6380]

Great video as usual Michael. I was blessed in life because I had parents who were both very young when the Great Depression hit so I and my siblings had the benefit of being raised by parents who didn't have it easy (I said I was blessed, not saying my parents were with having to grow up in the depression and then fight in a foreign war - we totally owe them) so subsequently, we got the benefit of their experiences growing up without much. Both were seven when it hit, and they were raised out of necessity to be frugal. They had five kids and we lived VERY modestly in a three bedroom, one bathroom house - but we never felt like we were poor (even though by today's standards we'd be able to get assistance - something my Father would NEVER, EVER, EVER do - I remember back in the late seventies my sister wanted to go and get some "free government cheese" - ONE block of it - and my Dad went NUTS at just the thought of taking charity - LOL). Seven people in a small house and all five of us kids learned - mostly from observing and not so much verbally - how to respect the value of a dollar. All of us remaining siblings are very much comfortable. The key word is "comfortable", although I know we have more than the average person our age in retirement and savings. I never aspired to have a greatest car or fanciest home, but I wanted security and not debt and money in the bank and investments. Admittedly, I do have a nice life with a truck, car and motorcycle and nice home in the suburbs, but it wasn't always like that, at ALL. At 66, I SHOULD be comfortable after 48 years of working, like most people my age. You do what you have to do. So much of what people believe is "success" are materialistic things, and they're not. I am SO glad I'm not a person just starting out at this point in the nation's history because we are not what we were and we will never be again. I seriously think you'll see UBI in the next ten to fifteen years (I already know several people in their twenties and even thirties who think having to work for a living is unconscionable) and actually are stupid enough (despite college degrees) that just making the rich "pay their fair share" will cure all the ills in America. LOL. Bottom line is, live within your means and try to do the best you can with this country the way it is now. We pay more on the interest on the debt than we do on our own defense. That alone should show people, even younger and less experienced and perhaps more impressionable ones, where we are now. Unreal.

[@rudolphsmith1022]

Praise Jesus! HALLELUJAH AND AMEN!!!

[@bonniemartenez5294]

I am a baby boomer, my husband passed away when I was in my 40’s. My children have great educations and are doing very well. I am proud of them. I am on SSDI and barely get by. At least I own but owe my place. It is a different life if you are widowed. I had a double whammy when I couldn’t work anymore! I had to stop at 59. I am grateful for my children and they own their home and have good jobs.

[@cherylT321]

But are they helping you out?