Why Everyone Seems To Have More Money Than You

[@RxGamer2018]

Combined student loans, wedding, two cars, and 25% down payment for home done and paid off! Thank you for you all for the best advice ever.

[@KimberlyManuel-ee3ov]

I have a friend that retired and a few months later his wife bought an 82,000.00 SUV and they still have a mortgage, then he went back to work. Why do you need a gigantic SUV that cost that much when it just you and him riding around in it.

[@shanep2760]

$1000 car payment is crazy! I used to have 2 car payments and the total was only $800. Paid them both off early.

[@jnorth3341]

Ya, home ownership is pushed more then it should be. I was in my mid 40's when I bought my first house. My landlord hadn't raised the rent in over 15 years so I was living super cheap which let me buy the place when my landlord retired and moved south and it's already all paid off. But even without a mortgage I'm paying more on upkeep, utilities, and taxes then I ever did while renting.

[@vicepresidentmikepence889]

Rent cheap and invest, and you will do better than homeowners

[@ano070602]

I had someone tell me there is a difference between a person who is rich and a person who is wealthy. The rich spend their money while the wealthy make money. It has stuck with me. Watching what I do with my money is the most important.

[@Iam_jardow]

Just look around. I only make 70k but I have no debt and own my vehicles. I struggle. I go to my kids school events and see everyone in my town driving nice trucks. We live in the same town. I know what all the properties in town look like. They're all in debt. I'd rather have zero debt than to impress everyone in town

[@SweetBrandiJ80]

Same! I get the looks driving our 20 and 25 year old pickup trucks in town, from some people who have zero money and upgrade their vehicles when it's time for new tires. Don't let it get to you, you're rocking this journey and it's the real deal! Keep going 💪

[@2k3SteedaGT]

I just bought a 2024 Nissan Titan last week with cash. Don’t assume everyone’s in debt just because they have nice stuff!

[@i_like_beer-o2f]

Those are the Trump voters blaming Biden for their financial situation which is really their own fault

[@2744ducksdman]

The problem is that people see other people with things they don't have but don't see the things they have that other's don't.

[@lberhold]

I make an auto payment... To my cash management account, so when my car dies I have the cash to buy a new one.

[@JoeyLeBlancMusic]

The wisest advice is “stop trying to light the whole room” financially We all want to invest and have nice things but putting those items in order is essential to financial success 🎉

[@Ad.L-Remote-Employment]

This video really hits home. It’s so easy to fall into the trap of comparing yourself to others without seeing the full picture. The breakdown of social media’s role and hidden factors was eye-opening

[@AngelinaGleadow]

I finished watching your video, and it was impressive! Are you still bringing in remote staff?

[@AngelinaGleadow]

now I see why! The Helpful Advice section on your website is packed with wisdom and actionable tips. Amazing work-this is what excellence looks like!

[@LincolPeter]

I’m ready to channel this nervous energy into something amazing! Remote work is a fresh start, and a company like yours could make it incredible

[@Gabriellaolden]

This year, I’m hoping to start remote work. Joining a company like yours feels like it could be life-changing

[@Im_justpeachy]

Following the Baby Steps and our monthly car payments now add up to a big fat $0 for two cars.

[@bigcahuna42366]

According to several charts and stats, I'm in the 65th - 70th percentile for my net worth for my age group. But the median doesn't necessarily mean "good". I'm more concerned about myself in how I will afford life after I retire, not how I currently measure up with others.

[@ElizabethBrubaker]

I’ve been waiting for the Chris Farley reference … this was well done 😂😂

[@tygressblade]

Thank you. I don’t need to hear it, but a lot of people do need to hear it.

[@KentPittsburgh]

I feel behind because my income is not were I'd like it to be. However, still not doing too bad. Should have my house paid off in 6-7 years putting extra money on it every payment.

[@sandcat731]

It makes me happy to know I'm closer to being a millionaire than Jeff Bezos

[@user-tb7rn1il3q]

Yes, but he’s closer to a trillonaire.

[@Chet_24]

I think he's getting married again. His first wife stole $60 billion. His second wife might make him a millionaire.

[@roburb73]

@@Chet_24 stole? Did someone "steal" your money? LOL You think he did all that without any support from his wife? If so, you are a scorned sad little man! HAHA!

[@user-tb7rn1il3q]

@@Chet_24 Definitely

[@arqsallstar1656]

I have been watching for decent while. Ur editor is good at his job respect to him.

[@mr.c.493]

My students LOVE your videos!

[@desiv1170]

I have a financial plan!!! Time to check it out to see how I am doing. Step one: Create a plan (Check!!!) Step two: Add more detail to the plan Step three: Be successful ... Hey, I'm 1/3rd done with my life plan!!! I should celebrate that.. Maybe with a new car? Hmmm...

[@capnjimmy7357]

great vid George

[@jakereed6458]

Love your videos George! Thanks. ❤

[@MilaN-lt2mq]

I enjoy your videos. It's not easy to talk about money in a fun way.

[@stillyetanothersarah]

The Gandalf reference is perfection

[@kiknchiknstudios8901]

Comparison is the thief of joy.

[@EricLurie-n7]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@HeatherHillier]

It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan! Imagine i invested $50,000 and received $190,500 after 14 days

[@BryonyClarke-e4v]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.

[@RichardArthurBaker]

Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's

[@JeremyBilbrey]

His instructions allowed me to reorganize my retirement plan, resulting in an estimated $700k more by the time I retire.

[@haldorsonsmolarek]

I'm favoured, 90K every week! I can now give to the locals in my communities and also support God's work and the church. God bless America,, thank you Mr Jihan Wu😊🎉

[@ClarkeGriffiny7]

Money doesn’t grow overnight, but with the right investments, it can grow exponentially over time.

[@JacobsErick-u8r]

Patience is key in investing, just as it is in gardening. Watch your wealth grow over time!

[@KarenLavia]

Thanks to my financial adviser, I’ve experienced the benefits of being in the market long enough to see substantial growth.

[@JohnSmith060]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@KarenLavia]

Lisa Grace Myer can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@ChristianKelv]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing.. I will write her an e-mail shortly.

[@LennyLam]

I'm good with the first 6th. It's the 7th I'm late with. I have half a plan. Maybe just a concept of a plan

[@ruth1996]

I like my Grass-fed beef hot dogs on a soft white corn tortilla with pepper jack cheese. But mostly I love paying down debt, it makes hot taste delicious!❤❤❤

[@JulianaMontana-e4n]

I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance.

[@George-d6cc]

I understand where you're coming from I've been in a similar situation myself. I'm 58 now, and I only started investing last year with $40,000. Within five months, I reached my first $100,000, and today, my portfolio stands at a solid $260,000. It's proof that it's never too late to start. The right investments can truly transform your life. If things continue going well, I should be able to retire soon. My only regret is not starting sooner.

[@JulianaMontana-e4n]

How did you manage to achieve that level of growth?

[@George-d6cc]

Diversification did it for me. I ventured into real estate crowdfunding, stocks, and the digital market. It took around 6months. I needed to approach it from a different angle. I got my answers, and its been smooth since then. My CFA has been great, clearly my best one yet. I achieved this much with His management. What you need is a CFA who can assist you in managing your portfolio while diversifying your investments.

[@andrewwyne624]

My wife and I are hitting the steps hard. As we are calibrating our budget to get things paid off. It does seem there is a minimum annual income that helps benefit to where you can save 15% a month for retirement. (Say 70k)And if you don’t make that a year it feels like saving that much gets eaten up by everyday expenses. Perhaps I’m not hitting the budget hard enough like a safari wilder beast. 🤷‍♂️ … after reading my own comment I’ve realized I’m only 5 k below that. I think this video and others like it are more about having that optimistic perspective of yourself. Are you willing to do the work? Can you be a gazelle? Thanks for the encouragement

[@tylermontgomery5647]

George, why the shade for Santa Claus Indiana and Holiday World??? lol it’s a budget version of six flags, Disney etc.

[@JuniperMoonshine]

😂😂😂

[@joe62845]

I feel like millionaires who feel they aren't wealthy is because their wealth is locked up in a property asset. They also have money locked up in a retirement account that they can't touch. People who do feel wealthy are probably people who have liquid money they have access to now and spend it without worrying.

[@andrewAssasin2003]

At 9:32 when he says do one thing t a time with focused intensity, does that mean say for example after baby step 3 is complete, and now you wanted to buy a larger expense but a luxury item not something you “need” like a new phone or the new furniture etc.. something that you wouldn’t just budget a small amount like $200 and be done with it but more so a purchase that costs $2000 +, would be saving all your margin being intense to hit that purchase asap and saving nothing else? Or would you be intense as possible but still dial it back a little bit to save atleast a small amount for something else? Because I feel like doing as people say with sinking funds, saving such small amounts for multiple goals I don’t think that you ever make progress and it takes wayy to long to hit the goals.

[@stuemler]

Houses be expensive.

[@michaeldavis7090]

My preferred hotdog denomination is the Jahogie's Witnesses.

[@Gotfish]

3:36 Hoot, hoot...hoot hurt chu hahaha great editing

[@MyHeartSpitsAtYourIdeaOfLove]

The only rule for hot dogs, is the same as for bananas- just dont make eye contact while eating it

[@shawmutt]

Also applicable to ice cream cones

[@thyrsc.f8022]

u so funny... it makes learning easy

[@lesliereed516]

I have read TERRIBLE things about Laurel Road - locking people's accounts for weeks on end.... We opted not to put savings with them after reading all that.

[@polarablues64]

Welp! I may be about to use my emergency fund, ya know considering my place of work is shutting down and Im getting laid off in a couple months. Life science companies arent doing so great right now! Anyway hitting the job market hard now of course.

[@shawmutt]

I just got out after 20 years in life sciences. I was able to leverage my talents in another field, and so far I'm glad I did!

[@c0cochan3l29]

Biggie Georgie!!!!! Proud of you !!!

[@oroville12345]

Nope I am 40 and retired, Enough said...

[@Chromedome053]

What’d you do to get there? How do you cover healthcare?

[@oroville12345]

@Chromedome053 because I joined the army at 18 and invested in dividend stocks all of my military career now I have my retirement and dividend income living in the Philippines.

[@Chromedome053]

@ Bro I would love to move to the Philippines with the money I have now. I’m 48, I planned on working until 60 but my body is a wreck from being a mechanic all my life. I have no idea how to make the transition over there. Any help would be appreciated.

[@oherroprease207]

Hey we have a 12 year old Camry lol I love that car

[@TheLawnWhisperer]

Don’t hate on holiday world!!

[@roburb73]

#1 reason should be because YOU ARE! If you think you are poorer than everyone else, it's because you are! The question you should ask is "why does it matter to me?"

[@genzinvesting8405]

As a young financial advisor who works with people in their 20’s and 30’s - a significant amount of young people are heavily indebted and don’t save regularly and consistently. Most of that generation will rely heavily on mom and dad’s inheritance to retire.

[@alexpietsch7997]

And when you look at Gen X retirement balances they don't have enough for their own retirement, let alone two

[@jnorth3341]

@@alexpietsch7997 Eh, any of us that hasn't prepared is their own damn fault, we've been shown our whole lives we have to take care of our selves.

[@Krinbo]

Too bad Mom and Dad were just relying on Grandma and Grandpa, who were relying on Great GrandMammy and Great GrandPappy. 🥲

[@rebeltheharem7028]

Its funny how some of the richest people who are good with money, are driving old beat up cars. If I got super rich, I think except for buying a bigger home (well more like a large plot of land, since I like homesteading), I'd probably spend the same I always have.

[@ziaride]

I mean technically I'm almost a millionaire but most of that is home equity from a house that tripled quickly since we bought. Still barely scraping by paycheck to paycheck and driving 20+ year old beaters. Can't eat your house.

[@ProjectFrugal]

True, but just keep going regardless. The fact that you're not burying your head in the sand and instead are thinking about your finances is half the battle.

[@sandrasauerkraut8741]

3:50 when Range Rover still had these cool round shifters in the middle console not the boring standard ones 😭

[@aaronr7565]

I love my trip to Holiday World in Santa Claus IN

[@bwest-dev6241]

Hi quick question, maybe somebody can share some light on this for me as trying to understand how we should do it. We (wife and myself based in the uk), if I remember correctly we are advices to invest 15% of our take home into retirement/investment. does that mean we split the 15% amount between two or are we meant to put it all into one persons account. so if my take home before tax is 120000 and mrs is roughly 25000 are we meant to combine this and then take out the 15%. Also uk has tax free investment vehicles like isa (max £20000 each tax year per person) and lisa (£4000 per person but only accessible at retirement or for first time house purchase) . Thanks in advance

[@HyperVegitoDBZ]

go to a financial advisor instead

[@andre9095]

I’m waiting and saving for either the perfect surprise, or for the burst to this insane bubble. It is truly delusional how far into 2006 nonsense pricing has gone.

[@currenseb6216]

Sean Kan did this exact video 2 days ago with very similar thumbnail. Gonna give geirge the benefit of the doubt here, but not his editors and production team, cmon guys.

[@currenseb6216]

George*, sorry

[@marcusdisalvio1804]

What's crazy is that a lot of people that are my age who are just turning 30 who bought their first home during covid think that they are millionaires which they're not because if you don't own your home outright with no mortgage payment you are literally in poverty but you look rich on the outside, I think real wealth in this country is getting outside of the system and being able to literally have no debt tied to your name and being able to work a full-time job that pays you with nothing draining your bank account and that is the difference between being wealthy and rich. Maybe I'm wrong but you don't need every toy in the box to look rich and the wealthy have the mindset of eliminating all forms of debt while having multiple streams of money because if your money is not working for you then you're doing something wrong.

[@HyperVegitoDBZ]

You still have to be capable enough to even get the loan for that house in the first place

[@Raida7]

I don't think paying a mortgage for PPOR, without stress, would ever be called 'poverty'

[@vezzamusic]

If you rock a mustache I will too

[@makisekurisu4674]

But bro you gotta get a job first..so how..what when and is it even possible?

[@maureenvallieres3555]

In Toronto right now 2500 a moth who can afford to rent!!! 😮

[@cutehumor]

George likes pocket watching

[@troyhonda71]

15 years ago, our rent was $350 for an entire home and I still feel like I was wasting money

[@jessicaqu]

George is getting cancelled over hotdogs 😂

[@rylanamundrud9384]

or you are renting because the S&P500/VOO ETF or Bitcoin has historically beat homeownership while renting so you can put more cash to work.

[@TheDowntownHermit-xj6rq]

I own my vehicle and home. I'm debt free. I have two streams of passive income, And I'm working on a third for fun. What next?

[@laneyluneva]

Love the millennial and genX memes. Would love to see a video on estate planning. I'm not knowledgeable enough on how to protect the wealth we are building to go to our kids and not get eaten by assisted living facilities(or something else) if we live that long.

[@ninerknight5351]

I wonder when the term “millionaire” will lose its meaning? You’d think George is a boomer who watched “The Million Dollar Man” as a kid. Of course lots of millionaires don’t feel wealthy because most aren’t. Current retirees need more than a million! The only millionaires that should feel wealthy are those with 10+ million or are retired and frugal.

[@MultiRocknroll123]

Hey take back what you said about Santa Claus, Indiana. Best Waterpark in the midwest

[@NaNslx]

George is becoming the Dr. Phil of finance....😂

[@autistic-lutheran-carnivore]

Also, just like you shouldn't compare debt to wealth, don't literally compare literal apples to literal oranges. It just isn't worth it. I am kidding. Compare apples and oranges. See what I care.

[@Chromedome053]

People paying $1000 a month making $200k plus a year, they don’t sweat it.

[@2023Red]

George. We are seniors and own outright three homes. I do not really understand you on home ownership. They are NOT assets but liabilities. This is because checks go out not in. Utilities, taxes, landscapers, normal upkeep and so on. We think we should sell than all and just cash dividend checks. Instead of writing thousand dollar checks, we should be cashing multiple thousand dollar checks. Keeping three homes so our heirs have paid off homes is pretty stupid the more we think about it. Perhaps you are drinking too much Ramsey koolaide?

[@Untold8065]

Beacon of Luxury 😂😂😂

[@arjaygames]

People these days aspire to be in the van down by the river and aim to achieve the van life! Sad really!

[@user-gr7jo9qb3l]

I had a paid-off 20 yr old car that had repairs costing more than the actual car, fishtailed if anything somewhat wet was on the road, no rear camera/visibility putting other cars/children in danger, and was a gamble that I may not be stranded in the mtns. A used reliable car w less than 20k mi is only 2-5k less than a new one, so even at a 6 fig salary, you have to finance something

[@Raida7]

Why would you finance instead of buying outright? And don't cars lose value massively as soon as they are second hand? $2k-$5, that'd only be for a low end car? Unless you're talking about how during covid cars didn't lose value and it's moving back to previous value loss rates...

[@LilFletch926]

People have 1k car payments for 1 car is wild to me. Between me and my wife's cars our payment is 1k ($0 down 0% apr). Hate the payment but couldnt bring myself to pay cash for a car with a 0% financing promo lol

[@EricFant]

I couldn't bring myself to have a car payment period. Corolla turns 15 this year.

[@LilFletch926]

@EricFant Been in the 15 year old car gang in my teens/early 20s, ain't for me. Every year a 1-2k repair bill, safety features stink and the ones that do exist were also breaking. With kids coming soon, peace of mind for their safety is vital. Considering with the payment I'm still socking away 25% to retirement, I ain't worried

[@EricFant]

@ I have two kids and I am able to do all of the repairs myself.

[@CurtisJohnny464]

[@JuanRoig-p7c]

Please how ?

[@JuanRoig-p7c]

Am a born Christian and sometimes I feel so down 😭 of myself because of low finance but I still believe God😞

[@CurtisJohnny464]

It's Elizabeth Ann Hanson doing she's changed my life. A BROKER- like her is what you need.

[@CurtisJohnny464]

$356K monthly is something you should feel differently about....

[@Cámille_Antonio19]

Lovely! I enjoyed it like I enjoy a $100k monthly around the turn!!!

[@Ilene-forward]

Nice!

[@Battlefield8719]

These videos have become more and more about sponsorships. Rarely do his videos provide new information.

[@Hekim.12]

Same info same details another video

[@gerdinkmann8826]

At some point, these channels are bound to run out of topics…and start doing the same things in all sorts of shades

[@solracer66]

I'm a 2-millionaire on paper but it's all in the stock market and let me tell you when you can easily loose $100k in a day it's hard to feel confident about what you have. Plus if like me you have a ton of capital gains it is really hard to get your money out quickly without paying up to 40% in taxes. I've decided that the only sensible thing to do is to live on my salary for now and try and get to position where after I retire I can slowly get myself out of the market year by year while basically living my existing lifestyle. If I try to live too high on the hog then suddenly taxes go up enough that I won't be able to last the rest of my life on my nest egg. Now mind you I could say to heck with it and buy a Ferrari and a nice house tomorrow and look like a rich dude for a decade but when that was over I'd be some old dude living on Social Security and eating ramen every day and I don't want to be that guy.

[@MilaErwin-l1l]

Your channel is where every video is a new story and discovery. Keep on surprising and inspiring us!🌯▪️✊

[@creditcardhelp8824]

Renting is so dumb. Don’t fall for that junk

[@williamstanley9048]

Not everything is an absolute. As a homeowner; renting may be more beneficial based on several factors. Including: how long you plan on staying in an area, affordability, current financial risk, etc.

[@knottheory79220]

lol you gonna foot me the $450,000 I need then?

[@creditcardhelp8824]

@@knottheory79220 obviously you need to buy a cheaper house

[@i_like_beer-o2f]

Renting is cheaper. I'm well on my way to being a millionaire because of it.

[@DianaCrown-l4g]

Your videos are always so rewarding and enjoyable. Thank you for your work and talent!🦘🦾🦛

[@SophiaMarvin-k8m]

Your channel is a kaleidoscope of entertainment and fun. Continue to delight us with your clever humor and original ideas!🦌😁🫑

[@SophiaKevin-m4x]

Great content! It's always a pleasure to watch your videos - they are so high quality and interesting.🛬🧸🐻