Best lesson I never learned first hand (but learned nonetheless) is to never loan anyone money, and never borrow money from friends and/or family. If you "loan" someone money, expect to never get it back.
Love these types of videos! I learn so much from you! Started from nothing too, i now own a 2019 mazda mx 5 rf @ 27 years old and it's my dream car. Next is the emira!! 😄😄
what I really like about your videos is that you do compare yourself to the people around you AND the people around the world a bit when mentioning where you're from and the opportunities you have and such, usually people making these videos are only mentioning the circumstances in the US and it feels unrelatable given that I live in 3rd world and It's way harder to reach the same level people are reaching in other devoloped places, this is definitely not me complaining or calling people lucky, I just hope I make it somehow. Again Love your vids
I know the exact type of people you’re talking about in med school. I felt like it was unfair, I came from nothing. I graduated with 350k in student loans. Now they’re paid off, I have a 5000 square foot home and I bought my dream car from when I was a kid, a Dodge Viper. I’m picking up my C8 Z06 next week. We worked hard for it and I think we’ll appreciate it more.
Everyone starts somewhere, it’s what you make of it that defines your character and how everything else in life aligns for you. I appreciated that candidness on this one.
It's pretty refreshing to hear it called out. I've suspected that was the case with the people my age who are home owners, but thought it was just me being bitter
When my kids graduate from high school, I'm going fund whatever they want to pursue on the condition that they take a year off from school to work 60 hours a week at McDonalds and make them follow a strict budget where they save 50% and then have them cover rent, gas, and car insurance on their own to teach them humility.
Really well said man. I needed this. It’s too easy to get into the comparison game. I’m also in my low 30s, and would LOVE to be able to afford an Emira. I settled for a $10k project lotus instead - glad you have a good perspective on things!
Man, I really appreciate your content such a deep video. I'm going through it right now but I'm focusing on my blessings and the work I have to put in.
IMO. Materialistic things does not measure someone’s success. Find the value of things that you have achieved in life and how we can build on ourselves while helping others with good intentions. Wish you happiness and good luck.
I appreciate this video. Recently finished fellowship and have a great salary. However, med school loans matches my annual salary. Feels like I’m in the same spot as I was before.
Haha the "borrowing" story is golden. This obviously doesn't compare to the $50K, but I remember back in High School this one guy used to ask me to borrow $1 to buy a drink after gym class. I figured alright it's just $1, all good. The next few days, it's more "hey can I borrow another $1? I'll pay you back." after the 4th day he asked me, I said "dude you haven't even paid me back the other $3 yet, so no." then he has the nerve to say "oh it's like that? that's how it is? you're hella cheap." The guy who's been begging to "borrow" money calling me cheap. Clearly I still remember this because it's hilarious how people are. When they need something from you until you call them out.
Kudos to your courage to talk about all this. I think one thing is often neglected is genetic gift of beauty or intelligence. I rarely studied during childhood and use to get close to full marks. During my masters I worked hard, some worked harder than me and were still behind, only one guy was way ahead of me and he used to work less than me. We both make more than 300k per year, he probably makes more than me for sure.
I’m still quite shocked on loaning a close friend $50K. I’m happy it worked out, but good God, who in their right mind asks a friend for that much money? I’m figuring out that issue on my own if I’m in his shoes, it’s nobody else’s burden.
Hey Jubaal, I commented on another of your videos but I just wanted to reiterate that as a young professional I really enjoy these videos on the nuanced conversation of personal finance and our hobbies.
I am a nurse practitioner in psychiatry and I make a good a good amount of money . In order to do this I had to make certain sacrifices when I was going to school . You mentioned you went to med school and I think you mentioned that you quit ones you graduated yet you don’t say why ? If it’s not to private maybe you could explain further
Great insight, bro! I love the Lotus Emira, and combined with your story and relevant insights about life and reality, it makes you realistic, but still aiming for higher scopes. Great job bro, take care!
5:50 this is really funny. Im mid 30s now, i know quiet a few people with homes. In the beginning it was all a bit of a "i did it myself" now after years of knowing them i know they ALL had their parents help. Some even a lot. Thats okay, but man, i wish people didnt lie about "success."
"Never gonna load anyone money again". Yeah was waiting for that conclusion haha. Never lend anyone more then you are ok with never getting back. Unless with an official contract.
Coming from Mexico to the US with nothing in 2018, well nothing but a job at Intel, I can relate. Starting from scratch is hard. We finally got a House and the down payment was a huge effort. Next week is my 37th birthday and I am so lucky of having a good paying job, maybe not an Emira, but an Evora GT and a M240i, saving and stuff, but it wasn't given, it was hard work.
For a long time I struggled with how to relate to my degree of privilege (certainly not the most, and certainly not the least, I am a MD as well, similar age) but am starting to see that privilege is just privilege - what matters is what you do with it. If you started with a lot of privilege, but serve communities & people effectively with your best effort and intention, then you're cool in my book. It’s especially easy in the car community to get caught up in comparisons since some facets of the community are very show oriented and a lot of the community comes from high SES communities. That said, I’d like to think the majority of people stay low-key and it’s the minority of influencers that garner all our mental attention - you won't notice what you don't see.
Agreed. It’s just about adding value to the world really. The main issue I’m touching on here is people pretending they aren’t or misleading others or being incomprehensibly disconnected. My children will be privileged but I hope to avoid any of those issues with their upbringing. I don’t think it’s only influencers with notable cars. Regular folk may not have the flashiest of cars but many still have high trim Cayman, low to mid trim 911s and so on. In fact I’ve noticed from car meets that the overwhelming majority of people who are 20s to early 30s with notable cars come from privilege. And nothing wrong with that, so long as they act with integrity and authenticity and not judge those with “lesser” cars who didn’t have the same privilege
Crohns for 15 years...been through hell over the past coupl3 flare ups..and life has been good and bad. I felt like it was gonna be a constant uohil battle. Its been bad but after.my last flare up and medical leave, i worked hard after coming back to work and was able tonget the promotion and doubled my income and now im in the market for this thing. Thats not whatnits al about butnit feels good to know i disnt comprise and just exist and be happy to have insurance. Im happen without the money but faliure happens and when we are up we are just fine to celebrate it and live at that level. Just know it might not be forever, and then we have memories to drive us back to the top again.
most of the people that are "ahead" are there purely because their parents are rich.... like sure... i have an apartment and i can save, but at the same time i work 200hrs+ each month and i still dont earn so much that i could afford even an gr86 for 45k
😁 It's several factors, genetics (intelligence, attractiveness, healthy), utilizing opportunities, environment, social interactions (both positive and negative experiences can cause drive/motivation), family upbringing, social connections, competitive stimulation, economic mobility, and probably several more variables that can cause a drive in a person to be successful.
Nobody looks back in their life and wishes they had more stuff. They wish they DID more things. They wish they had more people in their lives. They wish they had more time.
If you can afford to loan someone 50K and don’t think that’s extraordinary then you might be a bit out of touch. Something like 70% of Americans live paycheck to paycheck, and I can promise you it’s not because they don’t work hard
It is extraordinary and I’m incredibly proud of my insanely hard work to get to that spot especially while overcoming the issues I alluded to in the video. But regardless, you’ve completely missed the point of the video.
alright update: i’m not mad anymore
Best lesson I never learned first hand (but learned nonetheless) is to never loan anyone money, and never borrow money from friends and/or family. If you "loan" someone money, expect to never get it back.
Love these types of videos! I learn so much from you! Started from nothing too, i now own a 2019 mazda mx 5 rf @ 27 years old and it's my dream car. Next is the emira!! 😄😄
what I really like about your videos is that you do compare yourself to the people around you AND the people around the world a bit when mentioning where you're from and the opportunities you have and such, usually people making these videos are only mentioning the circumstances in the US and it feels unrelatable given that I live in 3rd world and It's way harder to reach the same level people are reaching in other devoloped places, this is definitely not me complaining or calling people lucky, I just hope I make it somehow. Again Love your vids
Thanks man. I’m fortunate my parents came from the other side of the world and had me in the USA. My life would have been very different
I know the exact type of people you’re talking about in med school. I felt like it was unfair, I came from nothing. I graduated with 350k in student loans. Now they’re paid off, I have a 5000 square foot home and I bought my dream car from when I was a kid, a Dodge Viper. I’m picking up my C8 Z06 next week. We worked hard for it and I think we’ll appreciate it more.
Congrats my guy. Happy for you
Appreciation for this guy after this video 📈📈📈
Everyone starts somewhere, it’s what you make of it that defines your character and how everything else in life aligns for you. I appreciated that candidness on this one.
It's pretty refreshing to hear it called out. I've suspected that was the case with the people my age who are home owners, but thought it was just me being bitter
Great video Kevin, I appreciate your viewpoints a lot, you have a lot of great things to say man
When my kids graduate from high school, I'm going fund whatever they want to pursue on the condition that they take a year off from school to work 60 hours a week at McDonalds and make them follow a strict budget where they save 50% and then have them cover rent, gas, and car insurance on their own to teach them humility.
Really well said man. I needed this. It’s too easy to get into the comparison game. I’m also in my low 30s, and would LOVE to be able to afford an Emira. I settled for a $10k project lotus instead - glad you have a good perspective on things!
Man, I really appreciate your content such a deep video. I'm going through it right now but I'm focusing on my blessings and the work I have to put in.
IMO. Materialistic things does not measure someone’s success. Find the value of things that you have achieved in life and how we can build on ourselves while helping others with good intentions. Wish you happiness and good luck.
I appreciate this video. Recently finished fellowship and have a great salary. However, med school loans matches my annual salary. Feels like I’m in the same spot as I was before.
Great video Kevin on Humility and working smart
Haha the "borrowing" story is golden. This obviously doesn't compare to the $50K, but I remember back in High School this one guy used to ask me to borrow $1 to buy a drink after gym class. I figured alright it's just $1, all good. The next few days, it's more "hey can I borrow another $1? I'll pay you back." after the 4th day he asked me, I said "dude you haven't even paid me back the other $3 yet, so no." then he has the nerve to say "oh it's like that? that's how it is? you're hella cheap."
The guy who's been begging to "borrow" money calling me cheap. Clearly I still remember this because it's hilarious how people are. When they need something from you until you call them out.
lol different $ amount but same story
Kudos to your courage to talk about all this. I think one thing is often neglected is genetic gift of beauty or intelligence. I rarely studied during childhood and use to get close to full marks. During my masters I worked hard, some worked harder than me and were still behind, only one guy was way ahead of me and he used to work less than me. We both make more than 300k per year, he probably makes more than me for sure.
Absolutely a topic for another video. Something I feel passionate about too
I’m still quite shocked on loaning a close friend $50K. I’m happy it worked out, but good God, who in their right mind asks a friend for that much money? I’m figuring out that issue on my own if I’m in his shoes, it’s nobody else’s burden.
Good friend made a stupid decision and I got manipulated
Yup it could have been disastrous. He easily could have ghosted.
Hey Jubaal, I commented on another of your videos but I just wanted to reiterate that as a young professional I really enjoy these videos on the nuanced conversation of personal finance and our hobbies.
Ty for that and for watching !
Because you inspired me to buy a gr86
I am a nurse practitioner in psychiatry and I make a good a good amount of money . In order to do this I had to make certain sacrifices when I was going to school . You mentioned you went to med school and I think you mentioned that you quit ones you graduated yet you don’t say why ? If it’s not to private maybe you could explain further
I discuss it in depth on my other channel Kevin Jubbal MD
Great insight, bro! I love the Lotus Emira, and combined with your story and relevant insights about life and reality, it makes you realistic, but still aiming for higher scopes. Great job bro, take care!
5:50 this is really funny. Im mid 30s now, i know quiet a few people with homes. In the beginning it was all a bit of a "i did it myself" now after years of knowing them i know they ALL had their parents help. Some even a lot. Thats okay, but man, i wish people didnt lie about "success."
It wasn’t even something on my radar until recently, but when you look closer it’s wild
"Never gonna load anyone money again". Yeah was waiting for that conclusion haha. Never lend anyone more then you are ok with never getting back. Unless with an official contract.
Came here to see an Emira but man what an amazing talking point ! Sub’d !
Coming from Mexico to the US with nothing in 2018, well nothing but a job at Intel, I can relate. Starting from scratch is hard. We finally got a House and the down payment was a huge effort. Next week is my 37th birthday and I am so lucky of having a good paying job, maybe not an Emira, but an Evora GT and a M240i, saving and stuff, but it wasn't given, it was hard work.
For a long time I struggled with how to relate to my degree of privilege (certainly not the most, and certainly not the least, I am a MD as well, similar age) but am starting to see that privilege is just privilege - what matters is what you do with it. If you started with a lot of privilege, but serve communities & people effectively with your best effort and intention, then you're cool in my book.
It’s especially easy in the car community to get caught up in comparisons since some facets of the community are very show oriented and a lot of the community comes from high SES communities. That said, I’d like to think the majority of people stay low-key and it’s the minority of influencers that garner all our mental attention - you won't notice what you don't see.
Agreed. It’s just about adding value to the world really. The main issue I’m touching on here is people pretending they aren’t or misleading others or being incomprehensibly disconnected. My children will be privileged but I hope to avoid any of those issues with their upbringing.
I don’t think it’s only influencers with notable cars. Regular folk may not have the flashiest of cars but many still have high trim Cayman, low to mid trim 911s and so on. In fact I’ve noticed from car meets that the overwhelming majority of people who are 20s to early 30s with notable cars come from privilege. And nothing wrong with that, so long as they act with integrity and authenticity and not judge those with “lesser” cars who didn’t have the same privilege
Crohns for 15 years...been through hell over the past coupl3 flare ups..and life has been good and bad. I felt like it was gonna be a constant uohil battle. Its been bad but after.my last flare up and medical leave, i worked hard after coming back to work and was able tonget the promotion and doubled my income and now im in the market for this thing.
Thats not whatnits al about butnit feels good to know i disnt comprise and just exist and be happy to have insurance.
Im happen without the money but faliure happens and when we are up we are just fine to celebrate it and live at that level. Just know it might not be forever, and then we have memories to drive us back to the top again.
"It's Not Who I am Underneath But What I Do That Defines Me" - Crime Fighting Wealthy Person.
Kevin there are a lot of home truths in this video, can really relate to this.
now sir when i defended you on the last video i did not mean start calling us broke bitches (i have not yet watched the video)
Thank you for this video. God bless you.
most of the people that are "ahead" are there purely because their parents are rich....
like sure... i have an apartment and i can save, but at the same time i work 200hrs+ each month and i still dont earn so much that i could afford even an gr86 for 45k
😁 It's several factors, genetics (intelligence, attractiveness, healthy), utilizing opportunities, environment, social interactions (both positive and negative experiences can cause drive/motivation), family upbringing, social connections, competitive stimulation, economic mobility, and probably several more variables that can cause a drive in a person to be successful.
@@Yggdrasill8 yhea... however most people get there because of whom their parents are
Great video. Are you practicing as a physician?
A lot of valid points were made!
As the saying going - you want to lose a friend lend them some money.
Lesson learned. But also appreciative for showing me their true colors
Is IBS really that bad? (I have no idea)
No idea why you’re asking about IBS
I thought was a car review. Not some financial life wisdom video.
W video
Nobody looks back in their life and wishes they had more stuff. They wish they DID more things. They wish they had more people in their lives. They wish they had more time.
Challenge accepted
If you can afford to loan someone 50K and don’t think that’s extraordinary then you might be a bit out of touch. Something like 70% of Americans live paycheck to paycheck, and I can promise you it’s not because they don’t work hard
It is extraordinary and I’m incredibly proud of my insanely hard work to get to that spot especially while overcoming the issues I alluded to in the video. But regardless, you’ve completely missed the point of the video.
@@jubbalandcars I mean... it was 16 minutes of rambling. Maybe get to the point lmfao.