Reacting To The Worst Personal Finance Channel On YouTube

[@Rosencreutzzz]

As an added note to the "just quit your job or drop out and start your business" advice, literally all the most famous examples who did this (Gates, Bezos) did not just drop without a net. They were given substantial startup capital...from their families. It wasn't just some plucky nobody who said I've got a vision and walked into a bank and took out a giant loan and made something of it. You absolutely should not just wing this, especially if you've already accrued debt for your time spent in school, or if you're using the job you have as a way to make a living, and not just spending money.

[@Buzzing_around]

Yep, step 1 is having rich parents that'll cover their expenses. In other words not actually taking a risk.

[@ClaireCraig]

completely agree

[@kgal1298]

It's the biggest lie they sell to finance bros.

[@sf6555]

Brilliant comment.. Well put

[@Lara-tm5nz]

100%. So many people don't understand that business success very often depends on capital, connections and some luck. Connections and capital are already 90% of the deal. Look at all the celeb kids who miraculously all make millions with their average make up and jewelry line 🙄

[@nickandcochon4091]

Why do I feel like there's a strong overlap in the "Everyone can get rich" crowd and the "We can't rise minimum wage because it would make everything cost more" crowd?

[@Britta_no_filter]

Because you’re in touch with reality 😈

[@hitandruncommentor]

Because both are true? Note the name not going to argue but both are indeed true. You want to make more than minimum wage, get the skills to do so, it is not hard.

[@nickandcochon4091]

@@hitandruncommentor All your comment shows is that you didn't get my point but I'm not gonna bother argue with you about it.

[@Angela-lp3lz]

Yeah these people are optimists, they think they will be rich and low minimum wage won't affect them

[@emilyb3875]

@@Angela-lp3lz by optimist do you mean privileged enough that they’ll never be in a situation where minimum wage is the only job option to feed themself

[@nataliekmaguire]

"1 million dollars a year is JUST a decent earning"? My heart really breaks for all the young people who hear that and believe it to be true. You can find happiness and security on FAR less than that.

[@Author.Noelle.Alexandria]

This depends on where you are and your health.

[@cdreid9999]

I plan on retiring on 1500 a month and being blisfully happy sbout it

[@Erin-rg3dw]

Agreed. There's a really big window of opportunity there where you can still afford nice stuff and nice living and not be worried about money.

[@marissaperozzi602]

I love how they are like “never keep money in cash/savings” but then when poor people lost their houses during corona they were like “why didnt you have money in savings”

[@victorravn3075]

how do these people think you buy a house? you save money for a downpayment , ffs lol

[@Author.Noelle.Alexandria]

Alux’s advice is sometimes so, so close, and Chelsea missing it shows me she’s not financially savvy herself. She’s like one of those gurus on stage whose advice to get rich is to start seminars on being rich. But Alex still missed the mark. Keeping money in stocks instead of cash/savings with a minimal amount as cash enables your money to appreciate at a better rate than a savings account will typically give you in interest. It’s NOT a good idea to keep your money in assets like real estate or other property that will take weeks or months to turn liquid. Of course, having enough to invest is a privilege, but those with nothing to save aren’t the ones being told not to keep money in cash.

[@Spladoinkal]

@@victorravn3075 the money you save should be put into investments with quick liquidity, such as ETFs. You can cash them out within 5 business days. Since the inflation rate is typically around 5% or 6% recently and since money in a savings account at most makes like .3% interest, you're actually losing money over time by saving it. But if you put it in an ETF, you can on average gain about 8% and still take it out within a week if needed.

[@Spladoinkal]

@@Author.Noelle.Alexandria Agreed

[@DrewLSsix]

@@Author.Noelle.Alexandria you are not financially savvy lol, you seem to have no real world knowledge on the matter.

[@corinneb1436]

The amazing combination of Chelsea’s fun professionalism with Joel’s absolute comedic chaos is amazing.

[@kwameadams1140]

i knowwww. Picture they are brother and sis. it then all makes sense. I love it

[@theduduk]

"Are you being sarcastic?" Lolol

[@lexitakamatsu7045]

Joel has inspired me to start calling haters a “clod, trash man”

[@Ruinemacil]

You said amazing twice. which, you know, I believe it's an accurate assessment of the video

[@Hibleb]

Is Alux just the 5-Minute Crafts of personal finance? 98% impossible, 2% implausible, some genuinely dangerous ideas.

[@fortheloveofLDS]

I had the exact same thought, this is like 5-Minute Crafts for adults. A creepy content farm that pumps out empty yet inexplicably popular videos.

[@RandomFandomDragon]

nailed it!

[@whimsical_flower]

YES!

[@chrisdray5325]

At least 5 Minute Crafts doesn't advocate you to commit tax fraud

[@ajburgess6843]

@@chrisdray5325 to be fair, they did want you to bleach your strawberries.

[@d14551]

Some of this is, in my opinion, just an updated version of the old religious doctrines that say if you are poor it's because you did something to displease god and you deserve to be poor.

[@acivilright]

Yes. I do think this is a belief many people unfortunately accept by default as fact, like the sky is blue.

[@literaterose6731]

Yep, that’s Calvinism, and the U.S. was pretty much founded on its principles. It’s repulsive.

[@athena608]

Yep, from Calvinism to evangelical Prosperity Gospel to 2000s The Secret to 2010s Toxic Positivity, it's all the same BS of "if you are not rich/skinny/healthy/beautiful/famous, you're just not moral enough or positive enough or smart enough or hard-working enough to deserve it."

[@cs4849]

Yes. Victim-blaming. Same as we do by suggesting that people can keep from dying of cancer by fighting harder, or blaming the person who is raped rather than the rapist. Bad things only happen to bad or weak people.

[@d14551]

@@cs4849 So if good things happen to us, we are assured that we are good strong people. It's a self-congratulating loop for those who prosper and a Catch 22 of shame and blame for those who don't.

[@krombopulos_michael]

27:55 more to the point, Bill Gates was a Harvard student who had upper class parents who could support him in the event of failure and helped get his business off the ground before he dropped out. He already was successful by the time he dropped out, and in the worst case if the business tanked, he was already smart and connected enough that he realistically could have gotten a great job elsewhere or gone back to Harvard and finished college. This advice is useful for like the top 5% who can afford to drop things and take a risk without worrying about massive losses, but those people aren't watching bullshit Alux videos.

[@stevegruber4724]

^^^^this

[@RandomFandomDragon]

Well, clearly we don't want it bad enough or we'd be in the top 5% 😆

[@mzcain1521]

And Bill Gates’ PTA had a mainframe that he practiced on from middle school so he had been working on Microsoft since he was a pre teen.

[@dingfeldersmurfalot4560]

He also had a computer when they were rare and too expensive for most families, and a father who was a very successful partner in a law firm with plenty of money. Not to mention an often overlooked aspect of many people's success -- having good role models close-at-hand.

[@dingfeldersmurfalot4560]

@@mzcain1521 My high school had one PC, and we weren't allowed to touch it.

[@Joniness]

Something about seeing "Henry of Big Joel" as his title is really cracking me up

[@akshaydalvi1534]

Big Joel's name is not Joel ?!?!?

[@MrJohndoakes]

@@akshaydalvi1534 Henry Joel? Is he related to Billy Joel?

[@skootties]

Henry the Medium-Sized, of House Big Joel, First of His Name

[@seraph644]

Imagine living such a clean and blameless life that you could work on the internet and not know what a Sigma Male is. Inspirational.

[@sailorz3]

Today I learned about a sigma male. I'm in my late 30's.

[@jonathanlayne1754]

Truly wholesome

[@notmynamedammit]

I thought Sigma Male was something guys who can't get laid make up to pretend that it's totally their choice? Like first there was the whole red pill ideology that told unpopular guys on the internet that they sucked if they were virgins and had to turn into asshole alphas and this is the evolution of the ideology where the same unpopular dudes believe the same thing but really don't want to change anything about their behavior like the old ideology would have told them to? But I feel like my knowledge is probably out of date?

[@dingfeldersmurfalot4560]

@@notmynamedammit Wow ... cast aspersions much?

[@kool2btrue]

@@notmynamedammit You are on point

[@mbrad25]

YES BIG JOEL!!! Your comment about risk is the most intelligent understanding of risk in investing that I have heard in quite some time. Risk-to-Return is a ONE WAY STREET (For the people in the back: RISK-TO-RETURN IS A ONE WAY STREET!!!!). This relationship is so commonly misunderstood that I am afraid to imagine how many people have gotten into trouble for it. If you are seeing a higher return, then it means you inherently had to have taken on more risk. However, the reverse *does not apply* - you will not be rewarded for taking outsized risk. It’s not a ratio like that - you can’t jack up risk and expect to see higher return. You aren’t rewarded for stupidity - *the risk has to be worth it*. Well said Big Joel!

[@prozacchiwawa]

very well said

[@rabidfollower]

A higher risk gives you a higher *potential* for higher reward, and vice versa for lower risk. So that's your two-way street. With the right semantics that can be true. The main takeaway here is that Alux uses bad language to give confusing messages.

[@brifox]

@@rabidfollower A higher risk *can* give you higher potential for higher reward, with absolutely no guarantee that it will. In part because sometimes risk can increase without reward increasing at the same time, and also because past a certain point the actual chance of a reward is effectively zero and no potential reward is worth it. If you bet $100 on the idea that Kamala Harris will become the 47th president of the US and I bet $2 that it will instead be Doug Walker, your bet is better than mine independent of the possible payout because yours has a realistic (albeit improbable) chance of happening while mine has practically none.

[@EYTPS]

If you're only goal is to be specifically a "Billionaire" instead of, ya know, related to: *Contributing to society without giving a darn of whether you'll get a million dollars out of it *Advancing a field *Helping others *societal progress *Creating a product that *really needs* to be in the market You need to change your priorities instantly

[@KateeAngel]

Also, they have a 0.0000000001% chance of succeeding at such a goal

[@cs4849]

Amen

[@crazy4beatles]

Those same people frown upon drug dealers - but what is a drug dealer if not an entrepreneur hustling to work less and make more. They're even avoiding taxes.

[@Fang_Zheng]

Nah

[@margueritendi7033]

To alux defense, they have invested considerably in 3rd world countries and only for the poorest of the poor. Schools, damps/ wales ( which one is it 🤔? English still gets me confused, but anyway...you get the idea)

[@teacherdude]

The most fundamental criticism of such sites is this, "If you have cracked the secret of becoming rich, why are you bothering with a KZbin channel, when you could out there making 'real money?"

[@ellencox8415]

🤷 not to defend them because I have never heard of them. If you have 2 million subscribers off stock photo loops and terrible advise, you're making around $20,000/month for hardly any work.

[@alexwright4930]

I guess the secret of getting rich in an attention economy (well one way) is get rich quick KZbin videos if they have enough subscribers and ad revenue (which naturally the vast majority don't and never will).

[@Author.Noelle.Alexandria]

LOL, same applies to Chelsea. This is actually the last TFD video I’m watching.

[@YourMajesty143]

@@Author.Noelle.Alexandria - Except Chelsea doesn't make the claim that she's rich. Alux pretends to be a wealthy financial advisory team, whereas Chelsea is financially stable making about $75K (last reported as of 2019) which is considered middle class in NYC. It makes sense to call out Alux on their hypocrisy, but that doesn't translate the same way to Chelsea, bc she's not giving this false impression that she's part of the rich upper class.

[@Joe-nb3fs]

@@ellencox8415 According to their own videos, $240k/yr ain't gonna buy you that Rothko

[@chaotic_gothic_bi]

I feel like financial channels fall into two categories. 1. "You should want to be a billionaire! #hustle #grind #makethatmoney Don't end up a stupid poor loser!" And 2. "This is advice we can back up to help you live a financially comfortable life, retire at a decent age, and still enjoy life."

[@Ichneumonxx]

Took me ten seconds to find that Alux is a content farm from Romania. Knowing how the business works, they're pretty much roasting their own employees and everyone around them (Romania is poor as heck). Gotta love how the quality of KZbin just keeps on dipping until we get back to finger family and babyshark videos again.

[@danceonyourtoes]

these content farms are brainwashing americans and keeping us in line

[@fossilfighters101]

yep

[@hollyuni4484]

I'm really curious as to what a content farm actually is? Like is it just churning generic videos to generate ad revenue? Are there lots of them? Any other examples?

[@Ichneumonxx]

@@hollyuni4484 yeah you're pretty much correct - low quality, high volume content that's adjusted towards the algorithm and not accuracy or enjoyment. The easiest example is The Soul Publishing, which is currently the third-biggest earning studio after Disney and (correct me if I'm wrong) Warner Bros. I can't post links here but check out Anne Reardon's videos on debunking 5-Minute-Crafts, or from the older stuff Fredrik Knudsen's video on Finger Family. And KZbin not only is all in on this, they're fully encouraging it.

[@cynthiaromero2658]

@@Ichneumonxx wow. I didn't know that. Thank you for the info.

[@Richard.Atkinson]

Rich people are bad at making and keeping money. Otherwise they wouldn’t need those trust funds and inheritances.

[@acivilright]

Or free labor/ cheap labor.

[@limofootball]

🤣🤣🤣🤙🤙got em

[@cantab345]

Wow didn't expect to see you here! Love your Haydn analyses!

[@tessajones9393]

Omg 🤯😭

[@noneofyourbusiness4616]

the fashion contrast between these two is riveting!

[@lauraigla6319]

If you want to pay as little taxes as possible, here's one simple trick: just don't make any money!

[@rebeccacaulberg216]

Or start a church

[@krombopulos_michael]

Holy shit I cracked up so hard when they brought up the Mark Rothko painting you can't buy with your 1m per year salary. Like you're just a chump if you don't have the kind of money to sink into extravagant status symbols that only a handful of people can afford. I'd love to know which billionaire is behind this channel for billionaires.

[@paulmezhir8354]

I enjoy "my" Rothko, Pollack, Picassos, Matisses, Chagalls, VanGoghs, Modiglianis, and Kahlos when I visit my city's humble Albright+Knox+Gundlach gallery. Private art is wasteful AND selfish.

[@RandomFandomDragon]

@@paulmezhir8354 not to be "that guy", but...... that's not art I would care about not being able to afford. Spending $46M on a painting is all about status, not art.

[@Kappa89CarreraGT]

No billionaire behind it Lol. It is actually a little young kid from I think Romania or Moldova. XD he said that in one video long time ago, when he presented himself. He's a kid under 30.

[@amorpaz1]

@@Kappa89CarreraGT That's the most tragic thing I've read all day

[@CoffeenSpice]

His name is Emil Anton a Romanian studied business administration. His parents were poor but after university and "sampling the high tech & finance world" he launched alux

[@hansonel]

Alux is like a parody of itself IMO... right off the bat the narrator says it's "the channel for future billionaires." The videos seem to be written by a Patrick Bateman wannabe sociopath and the smug tone of the narrator's constant tone of "just stop being poor - it's so easy to be rich when you're not a poor idiot like everyone else *hairflip" is absolutely ridiculous.

[@allaboardthegravytrain5987]

Thank god not all of KZbin is insane

[@lindabuys5672]

Omg!!! I love Big Joel and TFD. And now they're together?! This is amazing.

[@Creamy_Goodness]

They did a podcast episode together before.

[@heyyyitshewan4816]

Unfortunately I used to be an avid watcher of alux 😩😩😩 I’ve since found the light

[@IReadBooksForFun]

same! lol

[@kevinwang7731]

Why don't you watch it? Is it heavily flawed? I'm still ignorant haha 👿🤷‍♂️👿

[@BuffyTheIdiotSlayer]

I have nothing BUT time for this collab. What a gift 👌

[@erikapinto7983]

My dad is in an mlm. Growing up we got his approval by being interested/getting signed up at 18. I dropped out of college to pursue my “business” LOL embarrassing. So much regret. I found my way and am doing great now but Only by pure luck.

[@MisterTutor2010]

Starting a business to avoid paying taxes? That sounds more like starting a religion.

[@eliastalks7411]

Our Lady of Perpetual Exemption

[@MisterTutor2010]

@@eliastalks7411 One John Oliver's best bits of work.

[@fiig5196]

🤣🤣🤣 at a local church in my area, the pastors wife’s purse was stolen at tjmaxx . She told the whole story about how she was buying easter baskets for her grandkids when her purse was taken from her cart. And she said to the congregation “ your tithes were in that purse!” to show like how bad that thief was. But like…. Why was the money for the church in her purse?????

[@jefftitterington7600]

Wouldn't that look sweet as a mission statement on your website? Wouldn't the tax department come knocking? Wouldn't your employees be super motivated? No, yes, no.

[@Scriptorsilentum]

there's a difference?

[@alfamaize]

Taking bad financial advice is very self filtering. The scary part is who are they telling people to blame when the failure to become a billionaire plays out. That's where this is truly dangerous. Videos like this set people up for failure, and then make it easy to blame some part of society that they don't like. This has happened many times over history, and every time it gets to a large enough group of people, lots of people die.

[@AlexielRaziel]

BIG JOEL COLLAB?!?!?! I am HERE for this!!!

[@PaperRaines]

I'm two minutes into this and I'm fully confident to comment that I love this video! I used to subscribe to Alux videos a year or two ago, I thought they had really good insight into finances and motivation. But at some point they made a pivot into a weird conservative idealism that made me turn away and not look back. So this video is very much needed for my consumption

[@dystopia2412]

Still watch Alux but very selectively for the very same reason you mentioned. Some times people need a kick in the ass and that type of mindset is what some people need but again I agree especially since the pandemic began they took a hard turn and it’s obvious to anyone who followed them for a while.

[@DMfromhell]

I must've stopped watching before all of this. A lot of personal finance videos have gone doom and gloom libertarian.

[@dystopia2412]

@@DMfromhell yeah the pandemic has revealed the greed of a lot of channels that are/were “financial help”

[@rowangarriock608]

I think it literally just the jump on logic. Like saying "work hard" or "stay positive" or "nothing comes without effort" is fine, it's solid advice that is fundamental. But this doesn't equal "if you don't earn while sleeping you won't be rich" or "it's evil to fail" or "you're poor because you're lazily" It's taking the next extreme without considering what it actually MEANS to be positive and work hard in your ACTUALLY day-to-day life without burnout immediately or spiraling mentally Accounts/people like Alux seam to think that people exist in a vacuum where money=effort without any variable factors

[@Guilhermealmeida.]

I feel you, bro. It’s exactly how I feel about alux. By the way, are you Brazilian?

[@snailgirl6]

I used to listen to alux when I first started seriously researching financial advice. Sometimes they bring up good points, but I don't like how the phrase things as"never" or "always." Like there is no in-between or alternatives....

[@veelogation3890]

Someone else in the comments said that Alux along with a lot of other financial channels got much worse and libertarian/conservative last year.

[@natnat8393]

@Snailgirl same, I used to listen to their Sunday motivational videos (that wasn't always about money either) because there were some nuggets of truth in it but I slowly started to step away in mid 2018 when their content got increasingly over the top with TOXIC positivity, copy & pasted so called secrets to getting rich and idolising the so called "self made" like Bezos and Gates while totally ignoring the fact they they all had either cash inputs from family, or were in the right circles to get whatever opportunity. Not to mention to annoying faux positive commenters all over their platform and comment section. I Totally unsubscribed earlier this year after not watching their videos since 2019.

[@Katilda136]

I work at a bank and at the end of the year, everyone opens accounts for their children regardless of age and gives them giant “payroll” checks to hide their money and end the year at zero

[@AerielFerguson]

Woww is that legal?

[@Katilda136]

@@AerielFerguson I mean it’s a solid way to get audited lol but yeah you can kinda move your money however you want. Everyone gets cashiers checks for the balance in their account and then puts it back in January 🤣 like, they’re not sly

[@AerielFerguson]

@@Katilda136 woahh thats real slick

[@codasylphanthi2187]

I genuinely wish these two would do a regular pod cast together or something, I would listen the butt off of that, they have fantastic chemistry.

[@themoneylibrarian]

Where is the weekly podcast with these two?!

[@anxen]

I feel like Alux is Tony Robbins's secret personal hobby.

[@corbenhavener7531]

Just take the DISC Assessment and get marketed to by email nonstop. Just spend a minimum of $650 on a seminar to learn how to not be poor.

[@chuckluvsmusic2much]

I like ALUX but they're definitely in love with billionaires.

[@dystopia2412]

I like Alux because they give that kick in the ass attitude that some people need but since the pandemic began their advice took a sharp turn and now they praise only the wealthiest of the wealthy.

[@sim771]

Oh no it def his personal sleep meditation app 😂

[@lorettaknoelk3475]

Fun fact, the only video they didn't do the catch phrase was the one about strippers

[@tiger-rx3vq]

I love the chemistry between you two!! I could watch y'all collab all day!

[@InnasArtStuff]

“If the reward is greater than the risk…’ I am getting Squid Game vibes…

[@t.c.3393]

I've watched many, many Alux videos and at first I thought "damn this channel is harsh" but so many people seem to love it, I thought I was not understanding something. Lol

[@narsimhas1360]

Is it really a financial channel though, seems more like a luxury channel to me

[@moirak5332]

The opening of the Alux video had SUCH Gossip Girl energy lol

[@DimaRakesah]

This channel looks like it's such a deep level of satire that you can't really be sure if it's a joke or not.

[@aurghh]

Yh it must be satire

[@borkbork4124]

Yall are such a duo. When yall did the first collab, it was a collab I ddint know I needed! So cool to see Big Joel back on TFD.

[@NPatel-vk5sk]

it is scary how 'good' their youtube channel is at reinforcing some of the biases that people already have. Its terrible for folks who are just starting learn about personal finance. That channel put them into their own eco-chamber which only reinforce their sadistic believes and does not really help them in anyway.

[@Authorrlee]

Sometimes you just need a good laugh. Thank you Henry & Chelsea for providing that! Side note: loving Chelsea’s outfit!

[@zachmanning2609]

Big Joel brings a manic energy to everything he's a part of that I both admire and fear.

[@BigJoel]

:-)

[@troyDM9330]

This collab really made my morning. Thx BB

[@akshaydalvi1534]

Is this the famous Henry from Big Joel from Twitter??!?

[@couch_napping]

Very true Big Joel from the channel "Henry"

[@justingerald]

Definitely thought your name was Joel

[@LargoFan2000]

:-)

[@sarahssweetstash7478]

So many MLM consultants used their LLCs to get undeserved PPP loans and I'm pissed about it everyday

[@Pratchettgaiman]

It’s really interesting to watch this video after watching Big Joel’s video, because his was about the morality and hers is more about how this is financial/business nonsense

[@SexyBakanishi]

This works because of that concept we talked about a few videos bad where everyone thinks they are just temporarily embarrassed millionaires and we've all been sold the bootstraps story

[@li_celly]

omg Chelsea PLEASE watch Tara Mooknee's "new male, who dis? ∑" also Salari's "Sigma Males are Lying to Themselves" you need to know the ridiculousness that these dudes do

[@matematicarka]

IMAGINE THAT COLAB

[@jerrystauffer2351]

I stumbled across that channel. One gem they gave was "don't buy a $4000 bag if you're 3 months behind on your utilities " 🤣

[@meeomelovescookiesandhisto459]

You continue to produce the most iconic crossover episodes. Like, every time I see a youtuber I love interviewed by you I think it can't get any better and you continue to surprise me. I feel like the critic in Ratatouille during the closing scene, just amazed at this quality content. Editing to say "he's a medium Henry" is probably the most adorable thing I've heard today, you guys are so watchable together!

[@badboygoodgirl]

They're telling people what they want to hear. I don't hear much actionable advice from the video, just things that sound nice for people who want to feel smarter or more clever than others without actually putting in the work. But maybe that is me projecting a bit based on my own experiences. For example, I've never seen the people repeating this stuff actually living out those things.

[@coolm3th]

I can't believe I am just now finding these videos of Big Joel and the Financial Diet collaborations, this is amazing

[@IB9039]

The vibes in this video are really good. I'm vibin

[@calipigeon]

This is not a crossover I ever expected but hell yeah both of you are cool

[@paulineurban6735]

Henry getting excited to explain sigma males to Chelsea was hilarious. So glad y'all are collaborating again!

[@monim5431]

Did you hear how Alux just glossed over that last advice to "Go against the consensus and be right"? It's the "and be *right*" part that matters the most, yet that's the part where they say absolutely nothing about what will it take to be right. The answer is a whole lot of hard work, research, networking, mentorship, resourcefulness, trial and error, failing and starting over. They might as well tell a struggling student, "It's easy to get A's in school, just take the tests and be right." Sheesh.

[@SakdineeRattana]

Feel like Chelsea and Big Joel can't go harshly true/false, because there's even no point for them to catch. It's like grouping cliches in a video. If the AI-generated videos are real, then I can believe that these alux videos are made that way too. I have seen alux vids recommended to me sometimes, they were okay at first, then became labelling financial classes everywhere. No, I don't need that.

[@bluecollarlit]

"No, I don't need that." Like your decisive conclusion. A you tuber I watch expressed this by saying, "Pass me with that!"

[@djszal]

I never would have though that this collaboration would have happened between you two. Nothing I ever thought I wanted but I loved it. Let's all keep waking up, people.

[@chantelleletourneau72]

I like how they played off one another. The lighter tone was a fun change of pace.

[@maryghek]

I did watch some of Alux's videos and one was really funny. I think the title was something like if you know the luxury brands on the list, then you are rich. The funny thing about it is that everyone knows those luxury brands!

[@rpsmith2990]

Including people who bought either knockoffs of those brands, or bought them at a thrift store for a couple of bucks.

[@shakiraross6162]

I enjoyed watching Alux when I was part of a MLM ( yea, I know), but once I left that environment (and realized the majority of those people weren’t my friends), Alux made my stomach hurt.

[@protohass]

Alux Is for those people who live in an imaginary world where they're already billionaires in a mindset I agree with some of the financial advice on saving or using your money to invest but the rest is Just pandering to people who lack motivation at all to be successful

[@bluecollarlit]

"I was part of a MLM (yeah, I know)" Haha, you are clever/funny and you have a beautiful name.

[@shakiraross6162]

@@bluecollarlit Thank you

[@bogwoman]

okay you two are actually such a delightful duo and I would watch a million of these

[@daniellebrooks3670]

You two are a riot together. This was both hilarious and validating in the best way. lol

[@emersongrace4815]

Joel looks like he wants to steal that framed inspirational quote and I love the energy

[@madalinewoodard2252]

Great video! You two are hilarious. It’s maddening that advice such as “just stop being poor” is out there. Thank you for pointing out that this kind of content isn’t actual advice. More TFD and Big Joel collabs, please!

[@Guilhermealmeida.]

I used to watch Alux a lot, until about one year ago. And all I think it’s fetishized about luxury (it’s the channel/site origin) and lifestyle - but I never took any of its videos as “financial advice”. I’m really surprised to hear this classification, and even more to be the worst in a world with so many competitors.

[@Guilhermealmeida.]

Okay, now that I saw the video I can agree that there’s a lot of bs in their content but I still think they are more on the aspirations/inspiring and fetishs than actual advice, and for that I would name other channels as the worst financial advices, because it’s really advices and not just an utopian delirium.

[@kevinwang7731]

Same! That's what I thought Guilherme. It's more about just understanding what luxurious products or activities there are out there in this world 🤔

[@KingOfMadCows]

Most of these videos about becoming "entrepreneurs" and "hustling" really just boils down to "it's easy to make money if you have no conscience," which is actually true. For example, making money in an MLM doesn't really require that much skill, effort, or intelligence. It requires ruthlessness and willingness to screw over your downline. You have to be willing to trick poor desperate people into giving you money and treat them as expendable resources rather than human beings.

[@plumperday]

In regards to risk, one of the most important things I learned in school is that you shouldn't just look at how much you would pay vs how much you could get but that you also have to look at how likely it is that either of those things happen. It's clear that alux either doesn't know that or is misleading people Taking the lottery example: You have to pay $2 for a ticket so the actual cost is $2 The odds of getting the $1bil powerball jackpot is about 1 in 300mil (the odds that your six numbers match that week's six numbers) so the actual reward is about $3.33 So the jackpot has to be at least $600mil for just one ticket to be worth it and at least $1.2bil for two tickets to be worth it. If you bought one ticket per week for a whole year then the jackpot has to be at least $31.2bil for that to be worth it The lottery is an extreme example but the point is that you have to have a good sense of how likely the reward is to know if the risk is worthwhile and it's awful advice for alux to tell people that we should compare actual cost to potential reward

[@wednes3day]

Turning this around, what I'm gathering is that at the current payout rate it stops being profitable by the time you invest more than $3.33 (aka buy a second ticket) and things get less and less reasonable from there?

[@acivilright]

I have never heard of this channel until now, and I am glad.

[@FiniteAnarchy]

I've never heard of Big Joel before but the opening of this video reminded me of some of the many 1st tinder dates I've had where in I spend a bunch of time getting ready, doing my hair and makeup picking out an outfit, etc. and the guy just shows up in some cut off shorts and t-shirt, without so much as a shave or a shower.

[@rebeccahicks2392]

As someone hovering between poverty and getting-by, I appreciate people like your who, while being well-off and financially savvy, are NOT elitist.

[@jaimeerindy4573]

What a collab!! Here for this!!

[@tacrewgirl]

Great video. I appreciate you breaking down these myths one by one. Like you said, many people are getting their first intro to personal finance from this Alux video vs videos like yours because of the algorithm. Also the facelessness of the video with only stock footage is red flaggy to me.

[@bluecollarlit]

"red flaggy" I'm going to borrow this expression!

[@idontwannasay16]

Couldn’t stop laughing. I thought I was the only one who thought Alux is demented. 🤣

[@aimeehill5329]

I love it when Big Joel comes on TFD, such a good vibe

[@reggie559]

Am I poor b/c I don’t wanna be rich? 🤔😂 Thanks TFD for another great video!

[@Rosetteismyname]

That's what they have said ... It is cold and cruel way to think about it. They make it as a blanket statement for every poor person regardless of situation

[@story.7162]

YES!! Thank you! I love a good Chelsea rage/rant, but coupling it with Big Joel's sardonic commentary?! *chef's kiss*

[@benedixtify]

3:30 Agreed. You can be an entrepreneur without fetishizing entrepreneurship, success, wealth and growth at all costs.

[@AntiFaGoat]

As an artist and art history fan, I love how the twat narrating these videos instantly de-values Rothko and all modern artists like him. You don't have to like every work of art you see (I don't) but if you think that it's "just a canvas with two colors painted on it," you should learn what the artist was trying to say, and maybe get some value from the IDEA of the piece rather than see it as an investment commodity. -That, and the fact that I'm very literal with my art, is why I decided to forgo the fine art world. If I die and people auction off my work someday to just sit in an archive where no one can see it, I swear I will haunt the buyers.

[@t_ylr]

It's such a strange example because no one needs to buy a famous piece of art that some would consider to be priceless lol. You haven't failed at life if you can't afford a Rothko lmao.

[@bluecollarlit]

Antifa g, I enjoyed this comment, it's like a little movie!

[@Meduse04]

It’s also funny considering Rothko was very much anti capitalism and even protested against a very affluent restaurant flaunting his paintings for their Superrich costumers

[@jip230]

Anytime I come across a channel like Alux I always wonder the source behind the advice. I’m glad you’re pointing out the serious holes in the advice Alux gives out

[@bradpeters6076]

Two of my favorite You Tbue personalities together, I'd love to see this pairing more often.

[@Thestashdowndiaries]

I can't believe he called that a Canadian accent. It kinda reminds me of Catherine Hepburn...you know, that weird "socialite from the mid-20th century" thing.

[@junelreyes8844]

I knew something was off about Alux! The more I watched their videos, the more I found myself disagreeing with their list.

[@TheMCvamp]

When she said “citation fucking needed” I just about died.

[@troywalkertheprogressivean8433]

15:30 another major flaw, are there tens of millions of real estate jobs? and a huge flaw, no matter what youre selling, or how slick the ad campaign, who are they going to sell to, if the majority has no money to buy?

[@Nerdsammich]

I'm tired of hearing "mediocre" referred to as a failure state. By definition, half of any field will never rise to the level of mediocrity.

[@mmps18]

Big Joel and Chelsea??? I've died and gone to heaven.

[@amymonemontoya]

I wanna go back to the reality where I had forgotten that Alux existed. Thanks a lot.

[@protohass]

Alux is like the thought police of financial advice lol they tell you how to think if you're going to be successful and rich yea that's gonna work

[@allaboardthegravytrain5987]

Thanks for the review guys. I work in finance and i felt alarmed watching one of their videos. It’s worrying that a lot of people actually listen to this and form life strategies out of it. Tax evasion is illegal and shouldn’t be taken lightly.

[@knucklescapricorn31]

This collab was amazing. Can we get more videos of Chelsea and Henry roasting shitty financial advice? I will also accept videos of Chelsea breaking down why the advice given by Alux is terrible.

[@888fluffy]

love this collab so much, please keep doing these

[@xclaimer365]

This video is so funny to me because Alux popped up in my recommended around 4 years ago and I found TFD in the recommended section of an Alux video. I always thought they were so absurd and just hate watched. I must admit that the Alux voice (a Canadian) is nice to fall asleep to. Here's to being a future billionaire.

[@jmgerraughty]

I didn’t expect this collab to work so well!

[@treslechestogo]

What a cool surprise this collab is!! Awesome.

[@MiguelThinks]

You two are now my most favorite unexpected collab on KZbin.

[@zenleeparadise]

Henry looks SO nervous. How am I not seeing this until now? This is so, so funny. This video made me laugh more consistently than most stand-up specials I've seen recently. You guys are so funny together.

[@jesavius]

Chelsea doesn't know about Sigma Male Grindset!? First of all, she needs to interview Kyle Kulinski. Now she has to invite Hasan Piker as well to fully introduce her to the toxic world of Sigma Male Grindset and the rabbit hole of Crypto bros! Big Joel has to also send her some videos on Gary Vaynerchuk and that needs to be their next reaction video.

[@eliastalks7411]

I can't tell if you're being sarcastic or not cos genuinely Hasan does stream a worryingly high amount hours-wise.

[@kevinwang7731]

What makes you think signal male grandest is toxic? I think it's important to remove yourself from the traditional, structured hierarchy at times. Let me know :)

[@robbrie]

This is 99% recycled 1990s RICH DAD POOR DAD lightly updated for the social media crowd. It was crappy advice then and equally crappy now.

[@TheGenflute]

I love Chelsea and TFD so much! I want to help you with sound just a little...listen to the difference in sound...I wonder if the best placement for the mic is how your guest has it. Chelsea, I think the mic pattern is not always catching you because of the angle that mic is facing. Ok critique over. Love your channel!

[@veelogation3890]

Yes I agree! I think it's tricky because she had to turn to the laptop as well as to the guest and they're using directional mics that you have to talk directly down. They would have tested the sound a lot before starting and it sounded like it was more of an issue toward the start of the video. I can only guess how hard it is to not move or change how you face the mic on a show like this. Such a good video though, such a fun and educated vibe.

[@Tobelia]

Quit your job? Ignore the haters even if they’re close friends/family? Go against the consensus? This sounds like classic MLM advice

[@ilai7893]

Alux has some common ideas with Kiyosaki too (re: focus on entrepreneurship and streams of income to earn while you sleep)

[@johnnyli4702]

Have you posted a review of Rich Dad Poor Dad? It has a lot of these same "philosophies" in it.