I was told at an early age. If a friend asks for money and you are in a position to help......give it to them! If you loan it you won’t see it back and you will loose the friendship and be miserable. If you can’t afford to give it away that’s ok and don’t.
I lost $5 once at a casino on a machine (someone told me it would be fun...??), I thought about how I could have bought 4 bean burritos from Taco Bell instead (at that time)...even to this day. It wasn't fun, not for me. One and done.
@@omestartamv6251 😩 the experience of disappointment is engrained already, i really thought it was going to be fun like hours at the arcade (yeah that long ago 😂)
I'm glad I came across this channel about 18 months ago. And I've gone back and seen older videos. I really appreciate the transparency in your insight and overall humanitarian perspective towards money making. Capitalism and Humanitarianism CAN coexist IF... we execute capitalism with conscientiousness. Thanks Marko.
I don't gamble often but when I do, I see it as entertainment money. It's a good time with chatting, drinking and chasing that high, while having a small chance of getting some of the funds back. But I always set a hard limit of what I'm willing to lose and never go above it.
#4 is affecting a lot of people. One of the worst things you can do with your money is waste time not having it work for you you and leave it in a savings account or another place where it won’t grow.
I've met one person who os not flaunting his wealth but it's basically public knowledge. He joined us for a fishing trip. During the day I bought all (four) of us a soda each. He offered to pay for his soda several times during the day, it was quite clear that people have been treating him differently since hi is extremely wealthy.
I have a client that is elderly and just likes the thrill from it. They don't care if they win or lose. They just like the flashing lights, loud sounds, and rush of possibility winning. I will never understand them. Especially the one time they started with $25, got a big hit that made them go above $250, and then kept hitting till they left with nothing...
I worked in casinos for about 10 years as a card dealer. Its not impossible to win a jackpot but they're not that often and I've seen people pump WAY more into a machine trying to hit that jackpot even though it wouldn't break them even. And you see those same people every day. It put me off gambling entirely. If I do go, it's usually a social occasion because a lot of my friends are dealers or former dealers, but I won't play more than $100. Once it's gone, its done.
I’ve done ok on the credit cards I think. My wife quit her RN job to go to NP school, even with me picking up a ton of OT and side work we still ended up racking up about 9k in credit card debt, she passed her boards and as soon as our 3rd baby is here in July, she will be back to work and we will be able to knock our debt completely out.
I have two childhood friends. We all grew up lower middle class. We are all three very successful in our own right. They continue to spend lotto money every single week. It makes them happy and cool for them but I just don't get it.
Marko, odds of winning the powerball...... go 600 miles into the Atlantic Ocean and begin lining quarters end to end across the United States for 600 miles into the Pacific Ocean..... pick the correct quarter.
I lived in Vegas for a short stint back in 2002. Best warning I ever got was from the cashier guy named Hector at the Bellagio. "If you play big, you lose big. If you play little, you lose little. Either way, you lose" When I go to Vegas now, I play only 1 casino. Spending your cash at that one spot (as long as you have their player's club card), you will get sent cheap/free hotel stays, car rentals, etc for future visits.
I own a few investment properties and have flipped a dozen or so houses and made a decent living from doing so. When it comes to slots and casinos, I wouldn’t put $20 bucks in a slot to save my life, jokingly. Yet I’ll risk thousands on a flip. For me a residential flip is calculated risk and I am an old school bricks and mortar guy. Slots and casinos=throwing hard earned money away.
The gambling thing can be a real problem. You win once and think it's going to happen all of the time. Someone close to me was on a hot streak for a week then lost 10k in one night and had to ask his kids for money. At least it was a good example of what not to do for the people around him I guess.
Thank you for this input on handling money. I have been studying finances, economics, realestate and stock trends etc... really trying to get educated to better my future. After making 80k in 10 months and being flat broke, I had to ask myself a very honest question, what is it I don't know about finances? I've been in what I call a pressure cooker of a hard lesson in life, declaring bankruptcy, selling my home of 18 years and renting an overpriced apartment, and not gaining any equity. This experience has made me appreciate what I had and has molded me into being fiscally conservative. Lowering my cost of living , Lowering debt to zero and planning to invest in assets. Thanks again for the reminder of how important it is to be wise with what we have been given.
And if ur goin to play anything at a casino, u should only play black jack, and if u learn card counting, and get good at it, you can make alot of money, just dont go to the same casino every time
Dude! It's official, you are my favorite financial education channel! I became a widow in 2020 and EVERYTHING in this video applies! Whether you see this comment or not, thank you from the bottom of my broken heart.
Sorry to hear you lost your spouse 2 years ago. I understand where you’re coming from. May you find hope and strength to rise up again. The univers still has your back
Once again, I always feel when I watch your videos that I am talking with my incredibly brilliant wall street friend! Thank you Marco for being my go to.
Honestly I play slots for a pregame for the bar because they give out free beer. I go bet minimum on 20 and never loose it all but get 10 free drinks in the mean time lol
*No 1: Don't Only Hope On Government For Income,* *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,* *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.* *It's 100% Good To Have Different Ways To Gain Income* *Because Government have failed us so therefore let's try and survive*
I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return
@Isaac Boettger Current the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich
Thank you for making this video. I liked how you talked about lottery because many people don't know very much about it but they still hope for a better opportunity in life.
Casino ... one other point (aside from the beautiful properties, free nights stays, and free drinks that obviously the slot machines pay for) is the near miss emphasis programming ... the odds of winning are random, as posted ... the odds of seeing an outcome “close” to winning are massively disproportionate ... so literally u always feel like u are THIS CLOSE to financially correcting your life ... and that can be insatiable
Great video, I put all my expenses on a credit card so I can get cash back but I make sure to pay my statement balance every month. That's how I make money off them.
Good information! Regarding item #2 (Lottery), I do participate in the lottery on occasion but only as part of a lottery pool at work which only happens about once or twice a year (and not at all since the start of the pandemic). My reason is that since a lot of my coworkers participate, I didn't want to be one of the few people left behind if the pool actually wins because I was too cheap to throw a few bucks into the pot. I usually buy a few more tickets on my own for the same lotteries as the group. Altogether, my lottery expenditure prior to the pandemic was only about $30/year give or take. (Note: the lottery pool only occurred when MegaMillions or PowerBall had very large jackpots).
I gamble every so often at the casino on table games. I always go in and see all these people losing all this money, but just about every other time I go I will see someone win a jackpot. Lowest I've seen was $2k and the highest I've seen was $100k. The reason I play though is cus I enjoy the adrenaline and anticipation from it. I haven't been back to a casino in over a month now though
2:34 I used to feel this way about lotteries, but I've come to appreciate that the actual value of playing the lottery, is in mentally spending all the winnings for the entirety of however many days there are before the drawing. In that way it's providing solid entertainment value, compared to, say, a night at the movies. The lottery is not objectively wise, few entertainment options are, but in moderation(!), probably not 'never do that' levels of harmful either. I play it probably a couple times a year, when coworkers start talking about 'how big it's getting.' for only $10 I can join in, and pick out the color of the custom train I'd live on. 🤣
A honest answer to why play the slots... is fun. My mom loved playing. She knew she wouldn't win but she was handicap and wheelchair bound so it was a "hobby" she could have fun doing. She never spent more than she had to lose. But there is your answer.
All in point and great content as always! We're lucky these pieces of advice are very accessible to our reach. Learned something new today - "Money goes to where it is treated best!"
Also, slots. I played once...though through a friend (since I was two young). Handed her 2 quarters, watched her win something like ... I'll pretend it was $4-8 but honestly don't even remember. Whatever it was, I watched her then promptly lose it all again. I left $.50 poorer, which was a good enough lesson for me. XD
Re the first point, the balance usually does not stay static, ie, the $2000 balance in your example will most likely grow. So paying the minimum amount will take an eternity to pay off. I don’t think SimpliSafe is good for households with pets.
Slots are tricky business. There's the high rate of "near misses" such as getting 4 Lucky 7s multiple times in a row getting you thinking it's just a matter of time before you get all five. There's the different payout rates. Most casinos have a small handful of slot machines programmed to payout net positive amounts and the hunt for those ones keeps people dumping money into the losers. But for most people it's "Oooh flashy lights and pretty colors."
I acutally buy lottery tickets, not because I'm convinced that I'll win but because it helps me to get over each week, it keeps the very last spark of hope alive, that I have partcipated in something, that could end my suffering, even if it's a vanishingly small chance.
Slots in Vegas in the 1990's was a blast. You could actually win as well as free drinks and $1 buffets. Real money made a loud clatter on the steel trays. I went to a modern casino where it takes your money and gives a freaking paper receipt when you win. Plus I noticed bells and whistles go off when you win 5 dollars! No comps. Nothing free. Great videos on using your money the right way.
I don't know why, maybe its just the utter simplicity of this setup but I like videos made on this setup more than the ones made on the more sophisticated setup from your 2nd channel, and I obviously mean this from a viewing experience POV not content POV, your content is always great!!!!
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Five Nos:
1) Credit card interest
2) Lottery
3) Showing off your money!
4) Not investing in anything
5) Not investing more than you can lose
Roll up and use as straw
7) Don't marry a gold -digger
5) *Investing more than you can lose
Accidental double-negative there :)
@@Nova_Needle Oops I don't understand is "investing" and "Losses" exclusive?
Don't lend your money to people. It never comes back.
So true. I had to tell my girlfriend that
Friends and money are like oil and water
I was told at an early age. If a friend asks for money and you are in a position to help......give it to them! If you loan it you won’t see it back and you will loose the friendship and be miserable. If you can’t afford to give it away that’s ok and don’t.
@@marko-whiteboardfinance8546 report the fake marko above for impersonating
well....to clarify you can lend money as a business . i have done so for many real estate investors and it’s great short term passive income .
As a first gen Mexican-American, I appreciate your videos so much!! You make finances so easy to understand! Thank you Marko!
I lost $5 once at a casino on a machine (someone told me it would be fun...??), I thought about how I could have bought 4 bean burritos from Taco Bell instead (at that time)...even to this day. It wasn't fun, not for me. One and done.
😂
😂😂
Are we the same person ahah
How long ago was that?
Let it go, girl...😅😅😅
@@omestartamv6251 😩 the experience of disappointment is engrained already, i really thought it was going to be fun like hours at the arcade (yeah that long ago 😂)
Ayyyyy you got a sponsorship. Good for you!
Gotta pay the bills my friend :)
I prefer to work 15-20 hours a week, so probably not lol ;)
Don’t be like that meet Kevin guy by staying glued to cspan 24-7
I'm glad I came across this channel about 18 months ago. And I've gone back and seen older videos. I really appreciate the transparency in your insight and overall humanitarian perspective towards money making. Capitalism and Humanitarianism CAN coexist IF... we execute capitalism with conscientiousness. Thanks Marko.
thanks Andre :)
If schools drilled opportunity cost in the same way they drilled parallelograms, I wonder how much less credit card debt we'd have.
But how will merchants make their profits, then?
We are debt slaves by birth. They don't want us to use the system. You don't arm your enemy
I 100% agree with this…I say it constantly.
@@marko-whiteboardfinance8546 lol No they won't! That's literally how merchants have been making money for centuries. Usury. Exploitation.
@@CrunchyMom88 You're talking to a scammer.
Fave, no nonsense channel
“ that’s Thiccc with 3 C’a bro now that’s thiccc “ I’m dead words of a very wise men 😂
He was like "That was stupid... Nah, that shiz was funny asf." 😂😂
What I like about your videos is that it looks genuine and there is absolutely no flashy stuff.
Man I needed this channel bad. Thank you for sharing this information
1. Credit card interest
2. Lottery
3. Show off attracts wrong people
4. Not invest "THICCC"
5. More then you can loose (investing)
Your forgot Thiccc
@@sorryiwin5055 Thiccccc
Thiccccccccccccccc
Ty not enough time. lol
@@gregoryelgezy4339 ?🙄😲
I don't gamble often but when I do, I see it as entertainment money. It's a good time with chatting, drinking and chasing that high, while having a small chance of getting some of the funds back. But I always set a hard limit of what I'm willing to lose and never go above it.
#4 is affecting a lot of people. One of the worst things you can do with your money is waste time not having it work for you you and leave it in a savings account or another place where it won’t grow.
@@marko-whiteboardfinance8546 scam^
what if you want to have it there for easy access like a downpayment for home?
@@TheGeorgeee13 exactly
I've met one person who os not flaunting his wealth but it's basically public knowledge.
He joined us for a fishing trip. During the day I bought all (four) of us a soda each. He offered to pay for his soda several times during the day, it was quite clear that people have been treating him differently since hi is extremely wealthy.
I love the simplicity of your business.
"What can you do for me?" The basis for a lot of adult relationships, I think.
With bad friends. Big red flag.
what is bad about that?
@@juri2001 I didn't say it was bad.
@@HyperCupcake88 no, but implied.
you didn't say it is good either.
So what is it? plz clarify...
@@juri2001 It's for you to decide if it's good or bad. I'm not having a good day so I don't wanna say something I might regret later.
I have a client that is elderly and just likes the thrill from it. They don't care if they win or lose. They just like the flashing lights, loud sounds, and rush of possibility winning.
I will never understand them. Especially the one time they started with $25, got a big hit that made them go above $250, and then kept hitting till they left with nothing...
I worked in casinos for about 10 years as a card dealer. Its not impossible to win a jackpot but they're not that often and I've seen people pump WAY more into a machine trying to hit that jackpot even though it wouldn't break them even. And you see those same people every day. It put me off gambling entirely. If I do go, it's usually a social occasion because a lot of my friends are dealers or former dealers, but I won't play more than $100. Once it's gone, its done.
You are so smart! So happy I came across your channel.
thanks Katie
glad you kept it in
You’re one of the most genuine people on TH-cam !
Thanks for sharing the very cool term -- "stealth wealth"
I’ve done ok on the credit cards I think. My wife quit her RN job to go to NP school, even with me picking up a ton of OT and side work we still ended up racking up about 9k in credit card debt, she passed her boards and as soon as our 3rd baby is here in July, she will be back to work and we will be able to knock our debt completely out.
I have two childhood friends. We all grew up lower middle class. We are all three very successful in our own right. They continue to spend lotto money every single week. It makes them happy and cool for them but I just don't get it.
Marko, odds of winning the powerball...... go 600 miles into the Atlantic Ocean and begin lining quarters end to end across the United States for 600 miles into the Pacific Ocean..... pick the correct quarter.
I lived in Vegas for a short stint back in 2002. Best warning I ever got was from the cashier guy named Hector at the Bellagio. "If you play big, you lose big. If you play little, you lose little. Either way, you lose"
When I go to Vegas now, I play only 1 casino. Spending your cash at that one spot (as long as you have their player's club card), you will get sent cheap/free hotel stays, car rentals, etc for future visits.
I own a few investment properties and have flipped a dozen or so houses and made a decent living from doing so. When it comes to slots and casinos, I wouldn’t put $20 bucks in a slot to save my life, jokingly. Yet I’ll risk thousands on a flip. For me a residential flip is calculated risk and I am an old school bricks and mortar guy. Slots and casinos=throwing hard earned money away.
The gambling thing can be a real problem. You win once and think it's going to happen all of the time. Someone close to me was on a hot streak for a week then lost 10k in one night and had to ask his kids for money. At least it was a good example of what not to do for the people around him I guess.
Yes gambling addiction is no joke if not treated
Very good presentation 👍
Excellent video Marco!
I play for the entertainment and fun but most people leave the casino long face and no smile but it’s also an addiction.
Thank you for this input on handling money. I have been studying finances, economics, realestate and stock trends etc... really trying to get educated to better my future. After making 80k in 10 months and being flat broke, I had to ask myself a very honest question, what is it I don't know about finances? I've been in what I call a pressure cooker of a hard lesson in life, declaring bankruptcy, selling my home of 18 years and renting an overpriced apartment, and not gaining any equity. This experience has made me appreciate what I had and has molded me into being fiscally conservative. Lowering my cost of living , Lowering debt to zero and planning to invest in assets. Thanks again for the reminder of how important it is to be wise with what we have been given.
Great video
And if ur goin to play anything at a casino, u should only play black jack, and if u learn card counting, and get good at it, you can make alot of money, just dont go to the same casino every time
Dude! It's official, you are my favorite financial education channel! I became a widow in 2020 and EVERYTHING in this video applies! Whether you see this comment or not, thank you from the bottom of my broken heart.
Sorry to hear you lost your spouse 2 years ago. I understand where you’re coming from. May you find hope and strength to rise up again. The univers still has your back
Once again, I always feel when I watch your videos that I am talking with my incredibly brilliant wall street friend! Thank you Marco for being my go to.
Honestly I play slots for a pregame for the bar because they give out free beer. I go bet minimum on 20 and never loose it all but get 10 free drinks in the mean time lol
Marko, you're correct about slots. Short term, you can win (earn enough to pay for your expenses...break even) however, gain....NO
Nice video Marko. Keep it up.
hey man, thanks for all these videos!
Nice comment about slots! Not just based off probability .
You're a great teacher Marko. Worth following.
*No 1: Don't Only Hope On Government For Income,*
*No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,*
*No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*
*It's 100% Good To Have Different Ways To Gain Income*
*Because Government have failed us so therefore let's try and survive*
I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return
@Isaac Boettger Current the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich
she has helped me gain a lot from forex and crypto trading.
Wise words that's just the fact and also what is happening day by day
We get to see people remain poor due to ignorance and selfishness
Since following this page for 6 months I've saved 30k thank u so much for this education
The thiccc joke was funny lol. Glad u kept it in.
Thank you for making this video. I liked how you talked about lottery because many people don't know very much about it but they still hope for a better opportunity in life.
Great financial advice Marko!
Thanks for the info
Casino ... one other point (aside from the beautiful properties, free nights stays, and free drinks that obviously the slot machines pay for) is the near miss emphasis programming ... the odds of winning are random, as posted ... the odds of seeing an outcome “close” to winning are massively disproportionate ... so literally u always feel like u are THIS CLOSE to financially correcting your life ... and that can be insatiable
Great video, I put all my expenses on a credit card so I can get cash back but I make sure to pay my statement balance every month. That's how I make money off them.
Good information! Regarding item #2 (Lottery), I do participate in the lottery on occasion but only as part of a lottery pool at work which only happens about once or twice a year (and not at all since the start of the pandemic). My reason is that since a lot of my coworkers participate, I didn't want to be one of the few people left behind if the pool actually wins because I was too cheap to throw a few bucks into the pot. I usually buy a few more tickets on my own for the same lotteries as the group. Altogether, my lottery expenditure prior to the pandemic was only about $30/year give or take. (Note: the lottery pool only occurred when MegaMillions or PowerBall had very large jackpots).
"My eye really itches me (...). Ok, maybe I'll keep it in." That's what He said. Lol🤣🤣🤣🤣
I love it! Useful info AND comedy! Can't lose! 🥰
Giggity lol
Thanks you!!!
Love these whiteboards! I rarely comment, but this information is so critical to know!
Thank you!
@@WhiteBoardFinance Want you to know, you make a difference in the world. That is worth way more than any money can buy! 🤗
Great looking house man! 😊
I gamble every so often at the casino on table games. I always go in and see all these people losing all this money, but just about every other time I go I will see someone win a jackpot. Lowest I've seen was $2k and the highest I've seen was $100k. The reason I play though is cus I enjoy the adrenaline and anticipation from it. I haven't been back to a casino in over a month now though
Life budgeting should be taught in schools
2:34 I used to feel this way about lotteries, but I've come to appreciate that the actual value of playing the lottery, is in mentally spending all the winnings for the entirety of however many days there are before the drawing. In that way it's providing solid entertainment value, compared to, say, a night at the movies.
The lottery is not objectively wise, few entertainment options are, but in moderation(!), probably not 'never do that' levels of harmful either. I play it probably a couple times a year, when coworkers start talking about 'how big it's getting.' for only $10 I can join in, and pick out the color of the custom train I'd live on. 🤣
BAD ASS CHANNEL!!
🤝🤝🤝
great tips
Thanks!
13:07 A fool and his money are quickly parted, is what you meant to say.
Holy crap! I had no idea that people spend that much money on lottery tickets!
Thanks! Great
Great video, as always! Love this channel!
My mother in law once made a remark about being cheap for not playing the lottery. Joke's on her lol
Well said thank you
A honest answer to why play the slots... is fun. My mom loved playing. She knew she wouldn't win but she was handicap and wheelchair bound so it was a "hobby" she could have fun doing. She never spent more than she had to lose. But there is your answer.
Thank you for this, Marko. Learned a lot today.
nice video
great presentation!
All in point and great content as always! We're lucky these pieces of advice are very accessible to our reach. Learned something new today - "Money goes to where it is treated best!"
Classy as always. Quality material. No BS Respect ✊
Love your content bruh. Motivating!
I recommend not going to the casino
Thank you sir
Even now I enjoy being reminded to have a THICCC portfolio.
Also, slots. I played once...though through a friend (since I was two young). Handed her 2 quarters, watched her win something like ... I'll pretend it was $4-8 but honestly don't even remember. Whatever it was, I watched her then promptly lose it all again. I left $.50 poorer, which was a good enough lesson for me. XD
My coworker constantly complains about being poor always has a lot of scratchers 😂
3 C's! Hilarious. Glad you kept it in. Thank you for this essential information.
I do credit cards with 0% interest and pay before term ends, that's the best case scenario to using credit cards.
Best teacher I’ve had in my life
Re the first point, the balance usually does not stay static, ie, the $2000 balance in your example will most likely grow. So paying the minimum amount will take an eternity to pay off.
I don’t think SimpliSafe is good for households with pets.
Miss these videos, keep making awesome content
thank you I appreciate that!
Great video thank you very much!
Slots are tricky business. There's the high rate of "near misses" such as getting 4 Lucky 7s multiple times in a row getting you thinking it's just a matter of time before you get all five. There's the different payout rates. Most casinos have a small handful of slot machines programmed to payout net positive amounts and the hunt for those ones keeps people dumping money into the losers.
But for most people it's "Oooh flashy lights and pretty colors."
Nice vid brother! Love the simplicity of your videos!
Good stuff. Just like all the other videos you've done
I acutally buy lottery tickets, not because I'm convinced that I'll win but because it helps me to get over each week, it keeps the very last spark of hope alive, that I have partcipated in something, that could end my suffering, even if it's a vanishingly small chance.
Marko brate napravi jedan video na Canadian housing market
Wow man well said!!!
Stealth the wealth 💯💯💯
I love Marko's sense of humor
9:35 this why I love this channel!
Awesome studio!
Slots in Vegas in the 1990's was a blast. You could actually win as well as free drinks and $1 buffets. Real money made a loud clatter on the steel trays. I went to a modern casino where it takes your money and gives a freaking paper receipt when you win. Plus I noticed bells and whistles go off when you win 5 dollars! No comps. Nothing free. Great videos on using your money the right way.
My man, the dented fridge trick.
I don't know why, maybe its just the utter simplicity of this setup but I like videos made on this setup more than the ones made on the more sophisticated setup from your 2nd channel, and I obviously mean this from a viewing experience POV not content POV, your content is always great!!!!
Thank you sir!
Subscribed. Love your videos.