1. Credit Cards 2. Glam & Beautification 3. Impulse Purchases 4. Food Waste 5. Miracle Diets, Weird Fitness Products and Teleshopping 6. Lucky Charms or Spiritual Items 7. Health 8. Games & In-app Purchases 9. Latest Tech 10. Balling In The Club 11. Gambling 12. Smoking & Vaping 13. Your Bank 14. Your Taxes 15. Donations 16. Trying To Look Rich Thank you for the likes ❤
@Liza Tanzawa its only the top things. . . maybe youre spending your $ somewhere else it isnt needed or you need to stop settling for this current job you have.
As a poor Walmart worker in Oklahoma with no education I decided that I would save all of my money to invest in truck driving school. After I got my CDL I drove a truck for an outstanding company that I did alot of research on and after six months I quit because I had used all that money that I saved while being on the road constantly to own an ecommerce store and move to Hawaii. Now I have a nice apartment, a jeep, a growing buisness and I have the time to enjoy the nature around me. Your life is whatever you decide to do with it and only you can tell yourself what you should do with it.
Although label1877 is correct about Hawaii being the most expensive state, I admire you for having changed your life for the better. Indonesia (Bali, in particular) and Thailand sound like great options as well!
@@cherylashley8658 baby steps towards goals and don't be discouraged if you have too start all over again. I've done it lots of times and I am constantly catching myself.
I waste money on keeping the wife happy. Hair and nails every two weeks. Cigarettes. Daily number. Her paycheck is gone before she gets it. Maybe I should invest in noise canceling in ear headphones?
I had a coworker who was 22 years old and lived with his mother. He got $80,000 in an accident settlement. We all told him to buy a studio co-op apartment in Queens, but he bought a Mercedes. Years passed, the Mercedes depreciated in value, and he still lived with his mom. The co-ops in Queens tripled in value.
A lot of people don't know how money works like equity and assets. I was never a show off person, I always bought older cars, dress cheap, I started investing recently not the best time, but they are cheaper now.
I spend money only on what is inportant in my every day life, and economise for later,families put in their mind i'am rich, supply them with what I never get for myself,I end up being theirs enemy,I am satisfied with what God provides me
I was about to buy one of your sweaters.. But. This vid made me hold back to impulse buying .. Thanks A year later I'm back.. Did not realize I had so many likes..thanks lol
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@harrisonjamie794 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name *PRISCILLA DIANE AIVAZIAN* and everything changed. I started enjoying huge returns from my investment.
for me it is not about being a 'future billionaire', it is about being financially independent - which I have been for the last several years and it feels good.
@@derekpascal3749 Financial independence gives you freedom. If he likes to be homeless, he is more than free to do so, especially if it makes him that money, which is pretty ironic. You must be on the streets without home to afford a home lol. Sigma male grindset
Always cause I'm not some chode who feeds into all they think is about getting a ferrari, mansion and Las Vegas gambling. Those are some old obsolete ways of thinking lol.
As a African-American this is the type of video that the black community need to see. I see to many brothers, and sisters spending money trying to live a lie.
Funny thing, I'm seeing the same thing, pretty sure this is not just a black thing though, it seems to be a problem for the poor, less educated, and easily addicted not willing to live below their means in the short term for a better future!
My goal is to have a millionaire mindset rather than 1 million just handed to me via lottery, inheritance, schemes, lucky break etc.-the cash leaves and I'm still little old me, instead of who I could be.
@Svetla Nikolova That, I can understand but LOOKING the part is how one gets rich. There are many examples that could lead one , to the idea, one should be President some day.
@Svetla Nikolova BTW, I grow my own food and harvest my own source of meat with my own tools. I invest those efforts with PM's stored in my home (not a bank). I've de-vested from a dying, fiat currency. Paper cash is a fiat currency. Do your goats sh*t fiat currencies/investments or PM's?
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that I can confidently identify with level 6. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Certainly not. I've been meticulously monitoring the performance of my portfolio and have observed a remarkable increase of $522,000 in the past two quarters alone. This journey has enlightened me on the strategies employed by seasoned traders to achieve significant profits even in seemingly volatile markets. Without a doubt, the decision I made relatively recently has proven to be both daring and gratifying.
"Stacey Lee Decker" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market
I appreciate the information provided. After conducting my own research, it's evident that your advisor possesses significant skill and knowledge. I've reached out to her via email and scheduled a phone call. I'm impressed by her expertise, and I'm looking forward to our forthcoming discussion.
Same here. I only use my card now & then at Amazon because it's things I want that I would buy in a store, yet can't find. I always pay off my card at the end of the month. My house & car are paid off, thank God. I also use my card on vacations, but I still pay it off in full when due.
@@pinkfreud62 4/1/19, In this digital age I use cards in lieu of cash; since I transact all bills online that's the only way to go. Cash will become obsolete soon. Even in the supermarket I use G-pay on the self-serve checkouts. EZpass gantries are replacing tollgates---& toll takers/cashiers, regular payments such as mortgages or any periodic transaction where the numbers are always the same get set up on autopay where you don't have to do anything. The list of cashless transactions is ever expanding.
I worked in the financial industry for about 30 years. This was the most accurate advice that I have seen in any presentation. And did it without sugar coating your advice, and not being afraid of possible offence from your audience. Kudos!
The future belongs to those who believe in their dreams. Success is a State of mind. Think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez Amend.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial markets I'm grateful to Mr Martinez Amend 🙏
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
I live on my smartphone with TH-cam only for a year now. No regrets. Nothing on the sub services I really need to see anyways. I'm already paying $70 a month for unlimited data. Not paying more for shows I don't really want to see anyway. There's way more free content online than I could ever hope to watch already. I'll catch that last season of Game of Thrones bootleg anyway. Only thing I NEED to see. Lolz
So right! There's nothing on TELL-LIE-VISION anyway. I rarely watch my Netflix these days, too, but I watch it. Netflix, Hulu, Shudder, TH-cam. That's what I watch.
How about at the cash registers, would you like to top that off to so and so...Add all top offs at the end of the month, it's a bill all by itself. I wonder if at Gucci they ask would you like to top that off for so and so. I seriously doubt it.
I just went through, spending $50 at Dollar Tree last week; but I still seem to spend less there than elsewhere. I mean, when I go crazy at Walmart, it’s not uncommon to put down $300 or more. And I’m not rich.
Effective money management is needed if we want to build a strong financial future tomorrow, I started out with 10k 3 years ago investing. I did two duplexes with seller financing. Fast forward to now. I am worth 500k and currently finishing my 8 unit apartment building. I am 35 and already retired from the rat race. Real estate and stock investing works if you are willing to put the hard work in. No one would loan me money and still wont to this day. I am working on fixing my past credit history. I still made it without the banks.
Real estate is a real hustle, I own two homes and was hoping on acquiring a third but my hopes was dented by this recession as the prices continue to soar.
@@kimwucheng6587 Experience does play a key role when investing in this market, that why I have Finance fluent whose expertise has greatly aided in the market. Over three years the helped me in growing my portfolio using their diversified knowledge of the financial market.
Ill go for some things a lil more pricey than Walmart clothes sometimes like I spent 60 on a Nike jacket but because of the nice quality it will last long which is overall cheaper than too cheap thin clothes but if my things still fit and hasnt got holes why bother wasting hard earned cash
I once had a female technician working in my dept. She was always going on about how she was always broke. She got paid weekly and one Monday she came in with a hair style that cost her 75% of her weekly pay 🙄
I think women especially fall into this trap, because they're subconsciously trying to snag a sugar-daddy who will take care of them. Either that, or they don't feel like they've got enough value on their own, and they're resorting to their appearance to feel appreciated.
I had a coworker exactly like this. She has 4 kids and one on the way. She is always complaining about not having money, but somehow, she can afford to get her hair and nails done every 2 weeks.
What's the dumb behaviour i see towards gambler,they could spend 100 dolar per week to bought the lottery tickets but couldn't spent 300 dolars per month to pay the house rent.
Totally true in most cases though..... I LOVE that alux will say controversial stuff like this! Bill Burr said it best when he was like "If you wanna be fat, be fat! Don't tell me I have to restructure my thinking on what hot & not hot is though.... Just because you had to eat those extra twinkies & not hit the gym every now & then I'm a bad guy for saying you're fat?! It's nonsense!!!"
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
@@bobvan2201 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
I started donating to World Vision when I was 25. 35 years later the principal of a school in the Phillipines contacted me to thank me for putting her through school. Some charities make a difference and I am honoured to support them. Maybe when I am In my 80’s, the child I support now will contact me to thank me, and it will be worth it.
Good point however, The video didn’t say they don’t send the money, she said most charities mismanage the funds by paying themselves way more than they need and by using a larger than needed amount to run the organization thereby leaving very little to actually helping those who the money was meant to help.
Don't mean to be a Debbie Downer, but that money you sent did not go to who you think, they cut into your donation for administration cost. Help someone you know and can actually see the results. Refer to #15 Donations.
@@Inspiringagenerationofwinners Its somewhat true, because they need to pay workers fair market value otherwise no one will want to work there. But it is usually the higher ups who get paid the most.. The ones closest to directly meeting the people's needs hardly make any money at all. It makes me wonder why some of these charities have a " board".
I work in a non profit organization that helps poor people. Some of my clients comes with expensive purses, lashes extensions, nails, starbucks... and they cant even pay for a simple exam.
Victoria O’ that is the US lifestyle, in our country, most people cannot even earn way beyound $200. The poor is really poor trying to sell stuff they can salvage from the garbage and no health insurance which only cost $23... latest tech is not even on their mind, just enough to eat 3x a day.
Yes, there are a lot of scammers out there. That is why I help people; not non profit organizations. I help when I see a need. I have noticed this too. I noticed women paying with food stamps while wearing mink coats and fancy jewelry.
It's nothing but a big scam. These clothing companies charge a ridiculous amount of money for you to wear their logo and then you turn around and advertise for them for free. 😂
My grandparents always said "only buy on the basis of need". They were so right. They lived through the great depression and learned to be frugal. After they passed away we found sheet sets that were never used still in the package. Same with all kinds of other things. We figured out those were gifts we had given them over the years.
Rich people don't dress up to look rich lmao, most rich people I know dress in a certain way because they appreciate fashion and high quality wear. The point here is priorities...simply do not wear stuff you cannot afford
I want to add: thrift stores are the BEST. i have found loads of designer wear and mix it up with other pieces. Do not go to the mall and make other people rich!
The section on health ignores that many people avoid preventive visits because they don’t have adequate healthcare to start out with and often cannot afford those visits. Dental care especially tends to be expensive and even many dental plans don’t cover much.
#17. Starbucks. $5 for a cup of fancy coffee yet they still get our names wrong when instead a large can of ground bean is available in stores for the same price.
Nikolai Ninja especially when they immediately followed that comment up with “it doesn’t matter if you’re poor or middle class the food waste is the same amount it just hurts the poor more”.. that is completely ridiculous
@@IPIay01 So you're saying the average person throws away $400.00 dollars a WEEK in food when they bring home $1,000.00 a week. I would say that figure is BS.
That would be part of eating out, I think. Me myself, I might indulge in Starpunk's once a month, if that. Otherwise I would more than likely make my coffee at home when I do drink it.
I use to work in banking, we always had fund raisers for different charities, it was always the customers with the lowest balances, that always donated….. it says a lot about human nature
nO. they're just gullible. The rich know e x a c t l y where you want your $ to go and it ain't to random charity events. you don't want your money to go to causing more harm in The world. mY diseased Aunt left a non-profit which feeds children carcinogens. it will never see 1 penny from me
Phillip Beckman try Magnesium L Threonate. It’s the only magnesium that crosses the blood brain barrier. It definitely helps anxiety, panic attacks, fuzzy concentration and memory loss. It also relieves insomnia. I don’t find it puts me to sleep but I stay asleep and sleep more deeply. Hope this helps!
You care SO much, that's my thoughts on anxiety. It's balance, any challenge. Magnesium Exercise Meditation Fish oil 5htp Read The Power of Now Feel your 5 feelings Sleep circadian rhythm Give to someone in need 🐋💞👊🏼🙏🏻💗
I spend money on my garden. Fruit, veggies, and flowers. I also love fruit trees. I love to share with my neighbors, and usually end up being gifted things back ♥
Me too! I have 7 chickens and 4 beehives and I don't even like eggs or honey. I give it away or barter for feed and equipment. The joy I get from the intimate interaction with nature is absolutely priceless. Love to swap seeds with you.
@@powerloop people believe that some things can only be experienced if people travel to other places. They are caught up in a FOMO. Happiness is a choice. That is my opinion though.
One thing I notice that is different from when I was a young person is no one seems to bring their own coffee and lunch from home to work. When I was younger, everyone from the vice president on down the ranks brought their lunch and/or their coffee, myself included. Once in a great while we would go out to lunch as a treat, but only as a fun thing for coworkers to do together. Even one year of this, especially with the rise of very expensive coffees and food at restaurants, will save literally thousands of dollars. But whenever I've advised young people today to do this, they all say, "I shouldn't have to do that," as though it were a shameful thing or a terrible deprivation.
I disagree with number one. Credit cards are a great way to build your credit. Even rich people need lines of credit to do business. The trick is to only use what you can pay off and not get stupid with it.
Can do business with cash. In fact the majority of companies who made it to the 100 year mark never took out lines of credit from a bank. Only need lines of credit if don't have cash to purchase things. May need a debit card with visa, mastercard or american express logo on debit card, or use cheques but can use cash even for international purchases.
I agree with you about the credit cards, you have to value them correctly or else live to payoff a debt you created. I use mine for emergency only. While building credit nane.
I think these points are all true. I would like to see a companion video of "What things add to your financial stability" such as: practicing good manners, investing in tools of your trade, working hard and reliably, not making excuses, meeting or beating deadlines, paying bills on time, cooking at home, not eating in restaurants, listening and seeking wisdom from everyone you meet, using down time to learn new things, bartering, etc.
That is very powerful message that people need to stop doing stupid stuff. Stay away from the lottery, don't barrow money, help you the kids in your neighborhood with they're homework. Max out your 401 K, you won't miss it, by a 5 year old car drive to the wheels off, keep your car clean and change oil everytime, buy Honda Toyota Nissan they just don't break , rent a small apartment in the best NEIGHBORHOOD, don't miss payments on anything, food at a discount food store, buy only canned food that is generic, walk more than you drive, put a sign up at your company for ride sharing, go to free concerts in your parks, one drink when you go out find happy hour for free food, if you don't have to use your car WALK, Walk very fast to get your cardio in , yard sale to get more cash, iron your outfits to look sharp, ask your boss if you could do something to make their lives easier, no eating out is a waste of money, don't use your A/C only when you have to, keep your thermostat at 79 degrees you'll get use to it. Neal
Shop at yard sales & thrift stores, use your public library, make sure your children have great school attendance & punctuality, have a time at home when EVERYONE is reading, make sure students are completing homework, visit museums on 'free admission' days, don't go shopping for entertainment, rotate tires each 7000 miles, keep car oil changed,
Well said. In their haste to get rich, people forget how they started, they forget and shun their old friends, they become loud with bad manners, and they are not subtle in showing off their wealth.
katetsubata, good comment. Bartering is a forgotten way of life. When our "financial system" completes the downward trend it is currently on, this will be a great way, maybe the only way for some, to get essentials.
I needed a waterproof coat, but the only one I could find (because it was off season, and this was years before internet shopping) was extremely serviceable but a blah color. It had the most workable and pickpocket proof pockets. Anyway, I was talking about this jacket with a guy who had been in the British army, commenting how dull this coat was. He told me how awesome that was, because it means you don't stick out, and you're less likely to be targeted as someone to be a victim of crime. As I've become wealthier, I realized how right he was. There are places you need to dress for success. The majority of places it's best to underdress, and not mark yourself out as special, well off, or an easy mark.
Mark Sanders I cut my own hair, every week , it does save money and I shop at discount stores lol fuk talking bout getting 60$ dollar Levi’s when I can get em at fallas or dds for 25 lol
Thanks for the bonus tip #16. I see so many people who aren't exactly well off or even doing well ,for that matter, but they HAVE TO HAVE the most expensive name brands in everything they purchase. Some people are so obsessed with wanting certain name brands they'll go as far as to steal it. I'm referring to tech, apparel, food, automobiles, etc. Meanwhile they're making those lines of products wealthier as they keep raising their prices. As these companies raise their prices they lower the quality and in many items they've reduced size or portions while charging more. These brands need taken down a notch and the best way to get the message to them is to boycott their product. Also, stop buying goods made in China, you're adding to their strength when you do.
I also agree that many poor people spend much of their money on addictions. You didn't mention when someone spends the previous night balling, they can't report to work the next day due to a hangover, which could cause them to lose their job.
1: Credit cards 2: Beatification and glam 3: impulse purchases 4:food waste 5:miracle diets, weird fitness products and teloshoping 6: Lucky charms and spiritual items 7: Health 8:Games and in app purchases 9: latest Teach 10: Bailing in the club 11: Gambling 12: Smoking and Vaping 13: your bank 14: Your taxes 15:Donations 16: Trying to look rich I hope this saves your time
I'm not wasting any money on that stuff... I've been making good income selling about 40-60 products per day on Amazon pretty passively... I must say I didn't see that coming, all thanks thinking of all kinds of ways to make money on the side, educating myself and betting on myself when friends and family did not believe in what was possible. No one supported me... My advice to anyone is to keep your dreams and goals to yourself, then succeed and let your success speak for you.
The envelope system is the only thing that worked for me. This way I have to actually budget for something if I want to buy it. Also paying your self first was key for me. We all work so hard, we totally deserve to save some before start paying bills and spending for variables.
Great video alux! Another thing a lot of poor people spend money on is cars. They buy too much cars they can’t afford, just because they can pay the “monthly payments” does not mean they can afford the car.
Too many cars* And yes, my family did this so much that we risked being homeless because my parents decided to pay thr car payments that they got for my brother before rent. We got lucky when we found a home at $300 a month but they were paying $1000 in car payments and crap. It got the point where I almost quit my job in 2014 just to make a point by cutting aid forcing them to rethink their spending habits.
Without a car they end up taking the looser cruiser and that costs way more. A monthly bus pass costs $100. and my car insurance cost $90. plus gas and that is $30. for 4 months of driving. Not to mention the time wasted going to the looser crusher stop and standing there with your thumb up your ass getting robbed while you wait. Not to mention the amount of money you have to spend on the taxi's when you buy grocery's because the looser cruiser won't let you on with more then 2 bags.
My father-in-law told me I should get the screen repaired on my cell phone after I broke it. Said it would only cost around $40. Told him the entire phone cost $40.
My new smart phone from TracFone only cost $29+tax and service is unlimited talk and text and 1GB(that carries over) for $20/month. If it gets damaged, I'll replace it with like item before I pay for repairs.
This video is fantastic, every point you touched on is absolutely fact ! Many people try to live a fantasy life and think buying things will make them happy and will impress their friends. I heard a line many years ago which said " live within your means and not your dreams " which about sums it up with most people today, save your money and invest and it will make you much more wealthy in the long run. Many years ago I was told " pay yourself first " and the money however small or large will grow over time and it has worked wonders over the years. First rule is I don't have to impress anyone and I control my life, what people do or think of me doesn't matter. Live your own life and you will be much happier !
Or having more than one kid then any one single parent can afford. No kids for me - too costly and just paying for one until the age if 21 , is like paying for my college debts all over again.
@@aeromedical6750 first people make kids they can't take care of then they get the government to take care of them then they take taxpayers money at tax season sorry ass people bring this country down and dumbass people think it's cool
I never had a kid I could afford!LOL!Then again,I never had a Corvette,a new bike,a boat.I worked 12-16 hours a day,built a business & bought real estate.Now,I can afford the '71 Corvette I restored,it turned out to be a decent investment!LOL
@@ehd1990, I rather get a chocolate shake for $2 or if I want hot, get a hot chocolate for $2.5, still less than half the average Starbucks drink! Though I go to starbucks as well but like twice in a year or just rarely! Though it's not bad to go there if YOU CAN AFFORD and I don't discourage you to not go but go only if you can afford! Most of the people who go there can't even afford it and those who can mostly just get a homemade coffee! In my opinion, wasting money is not buying things that you don't need but wasting money is buying things you CAN'T AFFORD! If it is a want and not a need but you can afford and you know you won't get broke then go get it if you want but not if you're already living like paycheck to paycheck! Make sure that you can maintain your current lifestyle for at least 2 years in case you go jobless, w/o having to worry!
Before the stores closed Younkers had some pants down to $4 during store closing sale, and Kmart was giving away free display tables during store closing sale Both were giving away clothes hangers for free. Both stores are now closed in my local area.
There's an exercise. For 3 months [non-holiday or vacation season] track your expenses. I recommend: "150+ Expense Tracking Categories to Help You Track Your Finances". Nearly everyone screws up tracking the 1st month by 50%, but don't get despondent. Prior to the 2nd month figure out what you forgot to track in the 1st month, then begin the 2nd month. Don't worry, most people are off by 25% in the 2nd attempt. Look back and try to figure out what you're missing. Now try to track your expenses for a 3rd month; usually most people have some good data by the 3rd try. Now focus, look at the data, look at the numbers, what are you spending money on and what can you do differently. If you wish to cut back, you must be willing to be honest with yourself; every penny or dollar counts. Then you need to save that money, without touching it, then comes the next challenge - how to make that money work for you; personally I invest. But you must learn about controlling emotions.
The amount of shade that was thrown in this video has me in tears! The spiritual “rocks” bit killed me LMFAOOO! All of it was accurate which is what makes it funnier! Thank you for this!
You are damn right about the amount of shade, hardly subtle, but then so was the level of ignorance these guys have... they aren't talking about the poor! Poor people even in 1st world countries, can't afford to get their hair or nails done!!! People in my country have their basic health needs covered bar dental or optical (still basic in my mind but...) If I don't get my teeth seen to, it's not because I'm dumb enough to think the problem won't get worse 🙄 it's because cosmetics are a want not a need and when your kids need food school items or bills have to be paid, your own dental needs come in second. Most of this was excellent info for the middle classes, and unrealistic and insulting for the genuinely poorer classes. The wealthy are once again living in la la land.
I think when you're poor, or even middle class, you adopt a mindset that you're NEVER going to be rich. Most people don't know what it's like NOT to struggle, or be a paycheck away from losing everything. Even middle class people are one disaster away from slipping into poverty. If you feel you can't break out, then there's no reason to change your spending habits. Gambling/lottery gives you hope that you might strike it rich--which is likely the only chance some believe they've got. Many people feel the system is rigged, and you have to be born to wealth to have a shot at that life. Even if you can do everything right, unless you have family wealth, you aren't going to amass much, without some extraordinary luck--like hitting on an investment that takes off. With this in mind, people subconsciously decide to live their best lives, enjoy what they have, and let tomorrow take care of itself. It's a choice. Living it up today can be fun, but that comes at a cost of never being able to retire, or having a retirement so lean you become a burden to your family. Scrimping today gives you security, but then your family comes to you when things go bad. Even if you live modestly, you can still lose everything, through uncovered medical expenses, lawsuits, bad investments, natural disasters, theft/embezzlement, or family grift.
It's a hopelessly rigged system. The govn makes SURE to help themselves to your assets by the time you are elderly. I think the key is to not play their game. Stay out of debt to banks, become an expert in preserving your own health, live well within your means, only own or buy exactly what you need. View time and heath as your most valuable asset.
So true. The poorest girls in my university always had the latest and most expensive phones. None married to the millionaires somehow. 🤷🏼♀️ yet they were constantly asking to borrow money for food.
1000 Subscribers With No Videos they didnt. They had debt ...because having job would mean they dont need to borrow money for oatmeal to feed themselves
JoHNNY DaNGEROUS lol unfortunately for them they already married to the poor boys who thought that a girlfriend with an expensive phone is their luck ticket to the rich life 🤷🏼♀️
1000 Subscribers With No Videos That’s not the point, didn’t you watch the video? They can buy it, but they can’t afford it, they probably spend around 1 month worth of salary ( depending which country they are from) when they can’t even cover basic expenses or could be using that money for investing or something, if they can buy an expensive phone without affecting their finances (spare money), then they are not poor, and the video is talking about poor people, not middle-upper class people. And you should learn how to argument with respect.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
My late husband wouldn't go to the doctor. He had good insurance provided by his union, so it wasn't even a matter of the cost. By the time I finally got him to go, he had stage 4 colorectal cancer that had spread to the bladder. He fought it for a year and a half. He was also an alcoholic, compulsive spender and played the lottery. I don't know how much he wasted on all 3 of them.
I would say eating out regularly. After attempting to cook some simple meals on my own, I realised I can make cheaper meals that are healthier (because I know exactly what went into it).
That's great, after that you can improve by making a week or month schedule to eat and grocery shopping to buy to achieve what you want, then you can save a ton of money
@@k4piii, that's what my mom used to do when I was little. She would make out a weekly menu and every Saturday we went out as a family and did the grocery shopping and house shopping together. By house shopping, I mean buying stuff for maintaining the house...cleaning supplies, etc...those type things. I do that to this day. Meal planning.
My ex, who barely worked, placed all his hopes on The Publishing Clearinghouse Sweepstakes, buying magazines he'd never read, truly believe that the more he spent on subscriptions, the better his chances were for winning big. He also played The Illinois Lottery. Never won even a buck.
Comment and compliment: About donating to charity: without paying salaries, there wouldn't be a charity. And if they can't pay a decent salary, then they have to hire a poor quality person, and then your money definitely doesn't go as far. There is an entire TED or TEDx talk on this mentality that explains why charities aren't able to compete with businesses and make as much impact. Same with stigmatizing fundraising. But I love the idea of volunteering time instead of money. Definitely a great idea for people who are living paycheck to paycheck or otherwise can't easily afford it. I gave it a thumbs up!
Many fundraising charities are able to get free labor. Many courts will order people to do community service for several hundred hours and you could either choose picking up trash on the side of the road in the hot sun or working at a charity in an air conditioned building making calls to people.
Well, charity is actually the only spending category that makes people happy in a long term. Everyone can do it. But like any spending charity support cannot be living beyond one's means. If one can afford reasonable charity, do it. If it would mean living beyond your means then first increase your earnings and savings and then do charity. Plus some charity might mean saving your house from being cluttered. This also saves you money, so why not to do it? I do charity. I like it. But I do not do it in a reckless manner. I think about consequences of charity for me and for those whom I'm trying to help in this way.
I know a man who got a huge settlement. Instead of buying property, he bought a trailer, and a relative allowed him to set it on their property. This man also got about 4300$ taxfree funds every month. One of his kids sold their house, blew the proceeds, and lived with this man. At the end of every month the man was broke. He bought "toys", cigarettes, fast food, and gambled. End of 4 years he passed away with nothing except the trailer. Family members that lived with him, and lived off him, were left with nothing. Couldnt afford to move the trailer, had no where to put it.
@@pinkfreud62 Even if they no longer fit me, I would bring them to the tailor to have them altered unless there's not enough fabric left for alteration.
@Nancy Abeyta dear poor ppl, just impulse spend on my course and starve yourself then throw your money down the drain on gambling bc you are desperate... rather than struggling to keep your lights on
You're right about banks. My balance was under the minimum so they charged a fee. Next month it was lower and they charged another fee. Eventually the balance got lower than the amount of the fee and they added an overdraft fee to the first one. Then the balance was less than $0.00 and they just kept going. It cost almost $300 to fix that.
I had a friend she was really bad managing her money. One night we went out for dinner and she asked me if she could borrow £20.00. I thought she had forgotten to bring any money with her. No she left it as a tip for the waiting staff. She was always pretending to be rich (but she did pay me the money she owed).
@@CalmnNice50 don't give up on giving to the Lord's house my friend. The Word tells us to give and tithe so that the Kingdom of God can prosper. Giving and tithing from a heart of love and honour to God also benefits us because the Lord says that He will rebuke the devour for our sake and He says that He will open the windows of heaven and pour out blessings we cannot contain :). Remember, as Christians, we are to seek the Kingdom of God and His righteousness FIRST (Matt 6:33)
$6.88 for a packet of cigarettes in the USA? In Australia, I think a pack of 25 costs about $40.00, although I'm not sure because I'm a non-smoker. Excise tax on cigarettes has always been high in Australia. It's a good way of hopefully supressing consumption, and it is fair to tax heavily a product which adds significant burdens to the health system. The USA should follow suit.
Recognized how she worded it. $6.88/pack is like a pipe-dream here in the NE for a smoker. $6.88 is the cheapest price possible in the USA which is likely only in the tobacco grown areas of the South. It's mostly double that price in the NE USA.
@@IxAMxABU At about $14.00 a pack, that's still cheap. Congress should increase tax on tobacco products progressively over a period of a few years. It would be a good way of raising revenue and suppressing consumption of a deadly product. In Australia, the federal government has jurisdiction over customs and excise, and almost every federal budget raises excise taxes on beer, wine and tobacco products Perhaps the states have jurisdiction over excise in the USA, I really don't know. If it is the states, then they should move to progressively raise taxes on tobacco products.
I admire your bluntness and directness throughout all of your videos. I will continue to say this, individuals, cultures and societies make living life complicated, when it’s generally simple. Eat well,continuously educate yourself, exercise, save and invest money.... be kind, and mind yo biz. Take care of your family and selected friends. That’s it.
#11 When I used to cashier at a grocery store, payday made me ill. My coworkers would pick up their paychecks at guest services, and then immediately spend like $100 on scratch offs at the same counter! One day, one of them won $20!!! That was a big win, I must say, as I’ve never witness anyone win such a large amount, but they technically didn’t win $20, they only lost $80. And that’s not including all the previous pay day attempts. At what point is it ok to slap these people in the face and tell them to stop?
@@brandongiovanni44 I was being sarcastic by saying it was a big win. And by large amount, yes, I had never seen anyone ever win anything that much before. As for the China comment, I don’t think you realize why there are poor people in the US. What’s minimum wage now? $7.25/hr? It was $6.25 then. Winning $20 is theoretically 3 hours pay. Of course, the government still taxes your income, and technically should be taxing your lottery winnings as well. Imagine making $7/hr in our “great nation.” If you’re lucky enough to work 40 hours, which none of these people did, you’d make $290 a week at the minimum wage of $7.25. Of course, taxes are deducted directly from your paycheck, so you don’t actually ever see $290, but let’s go ahead and say it is. That’s $1160 a month. That’s not considered below poverty. Let’s say you manage to find a hovel that’s will rent to you at $700/mo, now you have $460 for food, utilities, and so on. But then you go blow a large chunk of your weekly paycheck on lottery scratch offs. But no place in town offers rent that low, and if they did, you’d be too high of a risk. I knew two people who lived together in a neighboring poorer town, who had a monthly rate at a hotel! Every day they walked to our town for work because they couldn’t afford a car and there was no public transit. These people were/couldn’t work full time. In fact, even places that have the ability, try to ensure you don’t so they don’t have to pay benefits like insurance and overtime. So these people weren’t making anywhere close to what I speak of. Almost none of the people I knew who did this had their own place. They were living with relatives or had done other kind of assistance. God... ...one of them told me their boyfriend had left them, and then 3 months later, she found out she was pregnant! I mean, come on people! China.?.. ...get real.
I disagree with #14. Poor people pay more taxes because they don't have the power to lobby Congress for tax breaks. They also don't have the money to pay for legal advice on how to dodge taxes. It has nothing to do with how much value people produce. If taxes were a function of the value a person produces, then that would mean people on welfare produce the most value.
![[FULL EP.16] เซียนพาลุย "เผือก-ฟรอยด์" กรี๊ดลั่น จนปูหนี | เฮ็ดอย่างเซียนหรั่ง | One Playground](http://i.ytimg.com/vi/FsqUvwS3b-Y/mqdefault.jpg)
1. Credit Cards
2. Glam & Beautification
3. Impulse Purchases
4. Food Waste
5. Miracle Diets, Weird Fitness Products and Teleshopping
6. Lucky Charms or Spiritual Items
7. Health
8. Games & In-app Purchases
9. Latest Tech
10. Balling In The Club
11. Gambling
12. Smoking & Vaping
13. Your Bank
14. Your Taxes
15. Donations
16. Trying To Look Rich
Thank you for the likes ❤
Ashmita Chhetri MEDIOCRE AT HEART 👊🏻😏👆🏻
Taxes
Taxes
Taxes
Thanks for saving my 16 mins ❣️
@Liza Tanzawa its only the top things. . . maybe youre spending your $ somewhere else it isnt needed or you need to stop settling for this current job you have.
I’m definitely guilty of a few of these but I did quit smoking
As a poor Walmart worker in Oklahoma with no education I decided that I would save all of my money to invest in truck driving school. After I got my CDL I drove a truck for an outstanding company that I did alot of research on and after six months I quit because I had used all that money that I saved while being on the road constantly to own an ecommerce store and move to Hawaii.
Now I have a nice apartment, a jeep, a growing buisness and I have the time to enjoy the nature around me.
Your life is whatever you decide to do with it and only you can tell yourself what you should do with it.
Why move to Hawaii? That makes no sense. The most expensive state by far. Oklahoma is far better... visit Hawaii... don’t live there.
@@label1877 I thought about moving to Thailand or Indonesia.
@@label1877 Just remember this one thing friend.
"Life is to short to put a price tag on it."
Although label1877 is correct about Hawaii being the most expensive state, I admire you for having changed your life for the better. Indonesia (Bali, in particular) and Thailand sound like great options as well!
label1877 Because that’s where they wanted to live.
Learn the difference between NEED and WANT . So true !
This comment is true because if you think about what you want and don't prepare what you need you will definitely have chaos in your life.
@Arya keep it safe I've learned the difference and realized I don't have to be ashamed
I have been asking myself this question when I think I am going to far! It helps! 😊
@@cherylashley8658 baby steps towards goals and don't be discouraged if you have too start all over again. I've done it lots of times and I am constantly catching myself.
I waste money on keeping the wife happy. Hair and nails every two weeks. Cigarettes. Daily number. Her paycheck is gone before she gets it.
Maybe I should invest in noise canceling in ear headphones?
I had a coworker who was 22 years old and lived with his mother. He got $80,000 in an accident settlement. We all told him to buy a studio co-op apartment in Queens, but he bought a Mercedes. Years passed, the Mercedes depreciated in value, and he still lived with his mom. The co-ops in Queens tripled in value.
A lot of people don't know how money works like equity and assets. I was never a show off person, I always bought older cars, dress cheap, I started investing recently not the best time, but they are cheaper now.
He was just too eager to be flashy and impress other poor people.
I spend money only on what is inportant in my every day life, and economise for later,families put in their mind i'am rich, supply them with what I never get for myself,I end up being theirs enemy,I am satisfied with what God provides me
😂
@@Byrddog17 Don't take anybody's money because that's fucked up.
I was about to buy one of your sweaters.. But. This vid made me hold back to impulse buying .. Thanks
A year later I'm back.. Did not realize I had so many likes..thanks lol
Same 🥴
😂😂😂
Me 2
😀😀
Vladimir F haha love it
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@harrisonjamie794 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name *PRISCILLA DIANE AIVAZIAN* and everything changed. I started enjoying huge returns from my investment.
@@georgerobinson2021 Oh, that sounds good but how do I reach out to PRISCILLA DIANE AIVAZIAN?
@@harrisonjamie794 Look up her name on the webpage
@@georgerobinson2021 Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
for me it is not about being a 'future billionaire', it is about being financially independent - which I have been for the last several years and it feels good.
I know a homeless man who earns over $120,000 each year.
@@derekpascal3749 Financial independence gives you freedom. If he likes to be homeless, he is more than free to do so, especially if it makes him that money, which is pretty ironic. You must be on the streets without home to afford a home lol. Sigma male grindset
I need advice on investing
@@matthewmanion1074 you really want advice?
@Rx Sosa Cool. There is a lot of theory and knowledge behind what I am about to say, but it can be expressed simply and expand on later.
"The goal is to Grow rich, not to Look rich".
I love that
🤔Depends actually lol some people just pretend they’re rich by looking rich ….
Always cause I'm not some chode who feeds into all they think is about getting a ferrari, mansion and Las Vegas gambling. Those are some old obsolete ways of thinking lol.
unless you can look rich on the cheap lol
As a African-American this is the type of video that the black community need to see. I see to many brothers, and sisters spending money trying to live a lie.
Funny thing, I'm seeing the same thing, pretty sure this is not just a black thing though, it seems to be a problem for the poor, less educated, and easily addicted not willing to live below their means in the short term for a better future!
Not only AA Hispanics too.
Mainstream hip-hop culture/celebrity culture has a lot to answer for. Be careful who you take as role models, people
No, the anglo- American people and latin people are pretty much the same 100%
True they thing they gonna stay young forever 💯
The goal is TO BE rich not TO LOOK rich. 👍
My goal is to have a millionaire mindset rather than 1 million just handed to me via lottery, inheritance, schemes, lucky break etc.-the cash leaves and I'm still little old me, instead of who I could be.
Really, with smart choices, appear to be rich. Do you really need a used MB or a clean good looking Hyundai with a warranty?
@Svetla Nikolova That, I can understand but LOOKING the part is how one gets rich. There are many examples that could lead one , to the idea, one should be President some day.
@Svetla Nikolova *sigh* assuming your care or your animals give a crap how' rich you look', I wish you all a good life
@Svetla Nikolova BTW, I grow my own food and harvest my own source of meat with my own tools. I invest those efforts with PM's stored in my home (not a bank). I've de-vested from a dying, fiat currency. Paper cash is a fiat currency. Do your goats sh*t fiat currencies/investments or PM's?
"If you can't buy it twice, then you can't afford it!"
im going to use this
Exactly! I'm so grateful to mansard security that helped me realize this
i guess not many people should buy houses
Still not enough, I suggest 10 times
Same as marrying, i guess.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that I can confidently identify with level 6. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Certainly not. I've been meticulously monitoring the performance of my portfolio and have observed a remarkable increase of $522,000 in the past two quarters alone. This journey has enlightened me on the strategies employed by seasoned traders to achieve significant profits even in seemingly volatile markets. Without a doubt, the decision I made relatively recently has proven to be both daring and gratifying.
"Stacey Lee Decker" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market
I appreciate the information provided. After conducting my own research, it's evident that your advisor possesses significant skill and knowledge. I've reached out to her via email and scheduled a phone call. I'm impressed by her expertise, and I'm looking forward to our forthcoming discussion.
FAST FOOD is the way I see poor people wasting money
Lexxis Bosslady same problem!
And getting ugly and fat obsessed
I have that same problem, I swore off it this morning while buying groceries.
Nah
Wëll thats the only one of rhe MÆnńÿ mįstækęs
I'm debt free and I never buy anything I don't have the money for. It's simple logic.
Same here. I only use my card now & then at Amazon because it's things I want that I would buy in a store, yet can't find. I always pay off my card at the end of the month. My house & car are paid off, thank God. I also use my card on vacations, but I still pay it off in full when due.
Oh yeah then why aint you payed me back that money i loaned you!!! 😵
you sound like me. I never buy what I can get for free.
4/1/19, ....so why are we (USA) >$22T in dept ++? The whole thing's gotta crash soon, what will our $$ be worth then?
@@pinkfreud62 4/1/19, In this digital age I use cards in lieu of cash; since I transact all bills online that's the only way to go. Cash will become obsolete soon. Even in the supermarket I use G-pay on the self-serve checkouts. EZpass gantries are replacing tollgates---& toll takers/cashiers, regular payments such as mortgages or any periodic transaction where the numbers are always the same get set up on autopay where you don't have to do anything. The list of cashless transactions is ever expanding.
I worked in the financial industry for about 30 years. This was the most accurate advice that I have seen in any presentation. And did it without sugar coating your advice, and not being afraid of possible offence from your audience. Kudos!
1. Credit cards
2. Glam & beautifulcation
3. Impulse purchase
4. Food waste
5. Miracle diets, products
6. Lucky charms, spiritual items
7. Health, don't ignore issues
8. Digital games
9. Latest technology
10. Balling at the club
11. Gambling, scratch tickets
12. Smoking, vaping
13. Your bank
14. Taxes
15. Donations
❤true
As a lifelong loan officer who made many of the same mistakes😊
Impulse beauty items or makeovers
The future belongs to those who believe in their dreams. Success is a State of mind. Think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mr Martinez Amend.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial markets I'm grateful to Mr Martinez Amend 🙏
Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
@@chasemitchell5You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.
The idea of the whole trade market is something I still can't wrap my head around.
"Poor people act and spend like they're rich and rich people act and spend like they're poor"
*The wealthy tax dodge and the "poor" feel the impact." ~Thinktopian*
Reminds me of Carreidas.
Jed Clampet is the man.
U sound like my grandma but you're absolutely rite
Some rich people spend like they are rich and go broke.
Cable TV is another big one...what's the point when theres TH-cam and Netflix?
Eliminating this is the best way to instantly save $150-$200 per month.
Absolutely
Crazy Boyfriends to go farther.....save the $11/month and save your time to better yourself too
True
I live on my smartphone with TH-cam only for a year now. No regrets. Nothing on the sub services I really need to see anyways. I'm already paying $70 a month for unlimited data. Not paying more for shows I don't really want to see anyway. There's way more free content online than I could ever hope to watch already. I'll catch that last season of Game of Thrones bootleg anyway. Only thing I NEED to see. Lolz
So right! There's nothing on TELL-LIE-VISION anyway. I rarely watch my Netflix these days, too, but I watch it. Netflix, Hulu, Shudder, TH-cam. That's what I watch.
The “ it only cost a dollar “ mentality has costed me and I’m sure others millions .
YEAH, WHEN YOU ONLY SPEND A DOLLAR FOR SOMETHING, IT DOES SAVE YOU THE COST OF MAKING THE MILLIONAIRES RICHER. (AND THEY DON'T EVEN HAVE TO PAY TAXES)
Fave 'only coosts a dollar tip: Clothes pins! Hang dry, save a bundle. Clothes won't shink and will hardly ever fade. Clothes look new WAY longer.
Don’t forget the storage and time costs.
How about at the cash registers, would you like to top that off to so and so...Add all top offs at the end of the month, it's a bill all by itself. I wonder if at Gucci they ask would you like to top that off for so and so. I seriously doubt it.
I just went through, spending $50 at Dollar Tree last week; but I still seem to spend less there than elsewhere. I mean, when I go crazy at Walmart, it’s not uncommon to put down $300 or more. And I’m not rich.
Effective money management is needed if we want to build a strong financial future tomorrow, I started out with 10k 3 years ago investing. I did two duplexes with seller financing. Fast forward to now. I am worth 500k and currently finishing my 8 unit apartment building. I am 35 and already retired from the rat race. Real estate and stock investing works if you are willing to put the hard work in. No one would loan me money and still wont to this day. I am working on fixing my past credit history. I still made it without the banks.
Am really impressed, by 35 I was worth a little over $200k but what you have done with your finances is pure genius.
Real estate is a real hustle, I own two homes and was hoping on acquiring a third but my hopes was dented by this recession as the prices continue to soar.
You have done well girl💪 still trying to fix my credit score over here.
Am curious, real estate is quite a lucrative venture but can you share how you achieved these?
@@kimwucheng6587 Experience does play a key role when investing in this market, that why I have Finance fluent whose expertise has greatly aided in the market. Over three years the helped me in growing my portfolio using their diversified knowledge of the financial market.
Damn "Charities are one of the biggest scams in the world" this chic is savage lol
DaBestofs some charities and non profits are only that on paper, but are actually for profit companies.
It's the truth! I understood this year's ago
She is not lying. Lots of people use charities to avoid tax.
She ain't savage, she's just reading the script
DaBestofs
I always used to think charities were a scam
I still do
I like how people judged me how my clothes look sorry I'll rather have money In my pocket instead of money on me
I hate it they judge and laugh l wear cheap clothes cause lts expensive and l have to work pay rent etc. people these days they're so fake and rude.
Plenty of 2nd hand stores with nice clothing at a fraction of cost.
Ill go for some things a lil more pricey than Walmart clothes sometimes like I spent 60 on a Nike jacket but because of the nice quality it will last long which is overall cheaper than too cheap thin clothes but if my things still fit and hasnt got holes why bother wasting hard earned cash
@@IbarraAlejandro facts ikr
Straight facts me to even tho in my head it lowkey piss me off but I got money yall don't
#16 - Eating out (including Starbucks). Packing your meals saves a bundle
17
Eating out should be# 1
I once had a female technician working in my dept. She was always going on about how she was always broke. She got paid weekly and one Monday she came in with a hair style that cost her 75% of her weekly pay 🙄
😐
I think women especially fall into this trap, because they're subconsciously trying to snag a sugar-daddy who will take care of them. Either that, or they don't feel like they've got enough value on their own, and they're resorting to their appearance to feel appreciated.
Need immediate gratification
I had a coworker exactly like this. She has 4 kids and one on the way. She is always complaining about not having money, but somehow, she can afford to get her hair and nails done every 2 weeks.
I had a coworker like that and I made love to her
Smoking & Gambling in any form is by far the quickest ways to stay broke🤷🏾♂️
Drinking too!
What's the dumb behaviour i see towards gambler,they could spend 100 dolar per week to bought the lottery tickets but couldn't spent 300 dolars per month to pay the house rent.
Agreed 😐 i blew 9k gambling the last two months and my bank acct is hurting
Same
Losing $$$$ hurts
Yup a little bit here n a little bit there add up quick and it's a hell allot.i smoke a pack a day n by the end of the month it's allot
“It took you 20 years to get this fat”
Talk about some harsh love lol
It’s soo funny
some people like sumo wrestlers could consider that an accomplishment lol
Totally true in most cases though..... I LOVE that alux will say controversial stuff like this! Bill Burr said it best when he was like "If you wanna be fat, be fat! Don't tell me I have to restructure my thinking on what hot & not hot is though.... Just because you had to eat those extra twinkies & not hit the gym every now & then I'm a bad guy for saying you're fat?! It's nonsense!!!"
Savage.
Truth.
Money talks, wealth whispers.
And stupidity screams. th-cam.com/video/1cP_MoI6wFY/w-d-xo.html
@Asherah 1147 Work on your anger issues.
PREACH!!!!
@Asherah 1147 I assume you're skint, then.
@@livingstonmills5047 😂😄
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
Trading with an expert has been the best way of making huge returns from crypto currency.
The common mistake we newbies make is without help and legit guidance from a professional.
@@bobvan2201 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Rheagan Max Deplonty last year at a startup funding event in Washington DC.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.
I started donating to World Vision when I was 25. 35 years later the principal of a school in the Phillipines contacted me to thank me for putting her through school. Some charities make a difference and I am honoured to support them. Maybe when I am In my 80’s, the child I support now will contact me to thank me, and it will be worth it.
Worked for them
A great company ngl
Good point however, The video didn’t say they don’t send the money, she said most charities mismanage the funds by paying themselves way more than they need and by using a larger than needed amount to run the organization thereby leaving very little to actually helping those who the money was meant to help.
Hey.. B-L-M made 3 woman multi Millionaire, how's that for a chatity? an fools keep giving.
Don't mean to be a Debbie Downer, but that money you sent did not go to who you think, they cut into your donation for administration cost. Help someone you know and can actually see the results. Refer to #15 Donations.
@@Inspiringagenerationofwinners Its somewhat true, because they need to pay workers fair market value otherwise no one will want to work there. But it is usually the higher ups who get paid the most.. The ones closest to directly meeting the people's needs hardly make any money at all. It makes me wonder why some of these charities have a " board".
people waste money on coffee and dining out too much
facts
But that would look more romantic, right?
Coffee is fueling other addictions!
Soo Tuck Choong Romantic yes worth it no
Coffee is only a waste of money if you buy it at Starbucks.
“It took you 20 years to get this fat!”
Honest....but hella savage 😳
This video makes a lot of 'assumptions' and is pretty condescending and rude about all of them. Seems like a great 'motivational video', right?
@J S ur right! I need to put down the sugar...simple. NOT easy but simple...☺ A person has to hear the honest "Dr. Phill" truth....
Lol viciously honest and a lil racist .. But I can respect the content ... Facts ...no sugar ... Lmao
Raw.... no lube or spit
Cassie Moriel xD
“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.” - Robert Kiyosaki
I work in a non profit organization that helps poor people. Some of my clients comes with expensive purses, lashes extensions, nails, starbucks... and they cant even pay for a simple exam.
Victoria O’ that is the US lifestyle, in our country, most people cannot even earn way beyound $200. The poor is really poor trying to sell stuff they can salvage from the garbage and no health insurance which only cost $23... latest tech is not even on their mind, just enough to eat 3x a day.
Or, can't pay the electricity bill but have a 52" TV with HBO, SHOWTIME and huge cable bill! Really...?
4/1/19, sound like black people.
Yes, there are a lot of scammers out there. That is why I help people; not non profit organizations. I help when I see a need. I have noticed this too. I noticed women paying with food stamps while wearing mink coats and fancy jewelry.
@@prestonweitersjr.9460 white people to don't just say black people
Trying to look rich with tech, branded clothing, and footwear. While asking their friends if they can borrow money! 😂😂😂🇵🇭
JaSe Apo Mahn You can spend less and still look good and rich.
Pinoy din ako.
JaSe Apo Mahn me 😭
Yup. I had my SUPERVISOR from work who just blew money on an Escalade and asked if I could spot him some $ til payday hahaha
It's nothing but a big scam. These clothing companies charge a ridiculous amount of money for you to wear their logo and then you turn around and advertise for them for free. 😂
this channel is like a judgmental aunt. i love it
So needed because wisdom from the elders are almost extinct!
😂
🤣🤣🤣🤣🤣
Lol petty huh lol..welp me too....🥰🥰🥰
More like a dystopian propagandist who hates poor people. Fuck Alux.
My grandparents always said "only buy on the basis of need". They were so right. They lived through the great depression and learned to be frugal. After they passed away we found sheet sets that were never used still in the package. Same with all kinds of other things. We figured out those were gifts we had given them over the years.
You can become too frugal . How sad they didn't enjoy lovely gifts . They should have been donated .
I guess I won’t purchase that alux sweater because that’s 35 dollars I shouldn’t spend. Lol
SportzNow1 lol gottem
You missed the point
@@productofgrace4960 You missed the joke.
@@theuserintheroom4450 yup your adorable attempt of sarcasm was lost in translation
@@productofgrace4960 Based off the video he'd be $35 richer.
Goal: to be rich not to look rich! Awesome quote
#grow
Rich people don't dress up to look rich lmao, most rich people I know dress in a certain way because they appreciate fashion and high quality wear. The point here is priorities...simply do not wear stuff you cannot afford
You may enjoy a book called "Stop Acting Rich" by Thomas Stanley.
I want to add: thrift stores are the BEST. i have found loads of designer wear and mix it up with other pieces. Do not go to the mall and make other people rich!
Be wealthy not rich ....
Exactly! thankful to mansrad security that helped me realize this early
The section on health ignores that many people avoid preventive visits because they don’t have adequate healthcare to start out with and often cannot afford those visits. Dental care especially tends to be expensive and even many dental plans don’t cover much.
#17. Starbucks. $5 for a cup of fancy coffee yet they still get our names wrong when instead a large can of ground bean is available in stores for the same price.
Coffee prices have escalated due to inflation.
The average household wastes $20k/year on food they don't eat? Given average income, this is not even plausible.
w88dm4n yeah that numbers 100% bullshit
Average household income in the US is $59,039. It is plausible.
Nikolai Ninja especially when they immediately followed that comment up with “it doesn’t matter if you’re poor or middle class the food waste is the same amount it just hurts the poor more”.. that is completely ridiculous
@@IPIay01 So you're saying the average person throws away $400.00 dollars a WEEK in food when they bring home $1,000.00 a week. I would say that figure is BS.
@ageofbogyo no, that is incorrect
This girl low-key roasting people😂
I love it!
Facts I love it 😂😂
😂😂
Not so low key though
I'm with ya on the roasting. But since when is "it took you 20 years to get this fat" low-key? 😂
You should’ve mentioned Starbucks
That would be part of eating out, I think. Me myself, I might indulge in Starpunk's once a month, if that. Otherwise I would more than likely make my coffee at home when I do drink it.
Isn't the fact that Stabucks don't pay their tax properly enough reason to avoid their company ?
You have to pay tax, and, they don't. Are your habits desensitising your minds to the extent that you feel no sense of injustice ?
@@sandriabasile8424 Buy some really good coffee at the grocery and carry your own in a thermos..
@@trudydavis6168, that's what I do. 😁👍🏾
I use to work in banking, we always had fund raisers for different charities, it was always the customers with the lowest balances, that always donated….. it says a lot about human nature
nO. they're just gullible.
The rich know e x a c t l y
where you want your $ to
go and it ain't to random
charity events. you don't
want your money to go to
causing more harm in The
world. mY diseased Aunt
left a non-profit which feeds
children carcinogens. it will
never see 1 penny from me
I would drop all the money to cure an anxiety disorder. Your health is priceless.
Phillip Beckman try Magnesium L Threonate. It’s the only magnesium that crosses the blood brain barrier. It definitely helps anxiety, panic attacks, fuzzy concentration and memory loss. It also relieves insomnia. I don’t find it puts me to sleep but I stay asleep and sleep more deeply. Hope this helps!
Meditate th-cam.com/video/TnbBMkJEQkI/w-d-xo.html
You care SO much, that's my thoughts on anxiety. It's balance, any challenge.
Magnesium
Exercise
Meditation
Fish oil
5htp
Read The Power of Now
Feel your 5 feelings
Sleep circadian rhythm
Give to someone in need
🐋💞👊🏼🙏🏻💗
Phillip Beckman: I have it too, I would ask that you talk to you Dr about trying Zoloft ( generic is cheaper) It is a life saver.
@@macforme is that ssri?
I spend money on my garden. Fruit, veggies, and flowers. I also love fruit trees. I love to share with my neighbors, and usually end up being gifted things back ♥
what about a vibrator ?
Me too! I have 7 chickens and 4 beehives and I don't even like eggs or honey. I give it away or barter for feed and equipment. The joy I get from the intimate interaction with nature is absolutely priceless. Love to swap seeds with you.
@@theentwifesgarden448 I once had a beehive, I miss having one ♥
@@VondaInWonderland What's stopping you from getting another?
The Entwife's Garden I'm guessing maintance and the price
People waste money on building an image of a rich person. Tourism, expensive products etc.
bcz society force them too
Khuram Zahid I agree. Not everything that shines is a diamond. People like to “look rich.
Bro if people don't travel then what is the point of living?
Traveling isnt waste of money
@@powerloop people believe that some things can only be experienced if people travel to other places. They are caught up in a FOMO. Happiness is a choice. That is my opinion though.
One thing I notice that is different from when I was a young person is no one seems to bring their own coffee and lunch from home to work. When I was younger, everyone from the vice president on down the ranks brought their lunch and/or their coffee, myself included. Once in a great while we would go out to lunch as a treat, but only as a fun thing for coworkers to do together.
Even one year of this, especially with the rise of very expensive coffees and food at restaurants, will save literally thousands of dollars. But whenever I've advised young people today to do this, they all say, "I shouldn't have to do that," as though it were a shameful thing or a terrible deprivation.
I disagree with number one. Credit cards are a great way to build your credit. Even rich people need lines of credit to do business. The trick is to only use what you can pay off and not get stupid with it.
I so agree! I only charge what I will pay off in full! I get something back… money , miles or something…on every card I use!!
As long as you're not paying Interest Credit cards are fine
I would agree with this. The main thing is paying the credit card off in full every single month.
Can do business with cash. In fact the majority of companies who made it to the 100 year mark never took out lines of credit from a bank. Only need lines of credit if don't have cash to purchase things. May need a debit card with visa, mastercard or american express logo on debit card, or use cheques but can use cash even for international purchases.
I agree with you about the credit cards, you have to value them correctly or else live to payoff a debt you created. I use mine for emergency only. While building credit nane.
Cash loans , Rent Center, High interest Car these are items keep you PooR.
I think these points are all true. I would like to see a companion video of "What things add to your financial stability" such as: practicing good manners, investing in tools of your trade, working hard and reliably, not making excuses, meeting or beating deadlines, paying bills on time, cooking at home, not eating in restaurants, listening and seeking wisdom from everyone you meet, using down time to learn new things, bartering, etc.
That is very powerful message that people need to stop doing stupid stuff. Stay away from the lottery, don't barrow money, help you the kids in your neighborhood with they're homework. Max out your 401 K, you won't miss it, by a 5 year old car drive to the wheels off, keep your car clean and change oil everytime, buy Honda Toyota Nissan they just don't break , rent a small apartment in the best NEIGHBORHOOD, don't miss payments on anything, food at a discount food store, buy only canned food that is generic, walk more than you drive, put a sign up at your company for ride sharing, go to free concerts in your parks, one drink when you go out find happy hour for free food, if you don't have to use your car WALK, Walk very fast to get your cardio in , yard sale to get more cash, iron your outfits to look sharp, ask your boss if you could do something to make their lives easier, no eating out is a waste of money, don't use your A/C only when you have to, keep your thermostat at 79 degrees you'll get use to it. Neal
Shop at yard sales & thrift stores, use your public library, make sure your children have great school attendance & punctuality, have a time at home when EVERYONE is reading, make sure students are completing homework, visit museums on 'free admission' days, don't go shopping for entertainment, rotate tires each 7000 miles, keep car oil changed,
Well said. In their haste to get rich, people forget how they started, they forget and shun their old friends, they become loud with bad manners, and they are not subtle in showing off their wealth.
katetsubata, good comment. Bartering is a forgotten way of life. When our "financial system" completes the downward trend it is currently on, this will be a great way, maybe the only way for some, to get essentials.
I needed a waterproof coat, but the only one I could find (because it was off season, and this was years before internet shopping) was extremely serviceable but a blah color. It had the most workable and pickpocket proof pockets.
Anyway, I was talking about this jacket with a guy who had been in the British army, commenting how dull this coat was. He told me how awesome that was, because it means you don't stick out, and you're less likely to be targeted as someone to be a victim of crime.
As I've become wealthier, I realized how right he was. There are places you need to dress for success. The majority of places it's best to underdress, and not mark yourself out as special, well off, or an easy mark.
"Instead of throwing money out the window, start fixing your windows!"
Might not seem like it but that was very wise
Indeed ☺️
I actually find it hilarious that they made this video but are also selling Merch, one being a phone case that says "Future Billionaire" for $25
May cause cancer is written in cigarette boxes and people still buy them.
Dont buy it haha
They are testing you. If you purchase, you are poor. It helps their statistics.
people need to take responsibility for their actions .. you don't have to take the bait ...dont blame others for your problems RULE #1
@@razziade 😅
I cut cable, joined gym 20 month, shop for clothes at discount store and quit Starbucks.cut haircut costs From $27 to $10.
Mark Sanders I cut my own hair, every week , it does save money and I shop at discount stores lol fuk talking bout getting 60$ dollar Levi’s when I can get em at fallas or dds for 25 lol
@@erniemoi2732 I do the "bald look". I use a beard trimmer and shaver on my head then follow up with shaving cream and a Gillette razor.
Thanks for the bonus tip #16. I see so many people who aren't exactly well off or even doing well ,for that matter, but they HAVE TO HAVE the most expensive name brands in everything they purchase. Some people are so obsessed with wanting certain name brands they'll go as far as to steal it. I'm referring to tech, apparel, food, automobiles, etc. Meanwhile they're making those lines of products wealthier as they keep raising their prices. As these companies raise their prices they lower the quality and in many items they've reduced size or portions while charging more. These brands need taken down a notch and the best way to get the message to them is to boycott their product. Also, stop buying goods made in China, you're adding to their strength when you do.
Just decided to stop drinking Starbucks coffee everyday - for years been enjoying that and now drip my own!😀
Yes, read the Latte Factor, but get it from the library.
I still drink a lot of SB; ask for giftcards at Christmas, then you dont have to pay for it😀
I can't stand Starbucks coffee🤮
I like Mt own coffee better than Starbucks.
Wasting Money On Relationships!
How do you mean?
Allen Peterson that one hit me right in the wallet
and kids!
@@mrsslojet true but it is worth it to have a dynasty someone to carry on your legacy.
Yep, didn't mention that one!
When you don't do any of the 15 things mentioned but you're still poor 😕
hood RICH. lol.
Yet are still a legend.
That’s the hardest thing there🤭😓
Hood rich...good one..lolol!!
True👍
I also agree that many poor people spend much of their money on addictions. You didn't mention when someone spends the previous night balling, they can't report to work the next day due to a hangover, which could cause them to lose their job.
1: Credit cards
2: Beatification and glam
3: impulse purchases
4:food waste
5:miracle diets, weird fitness products and teloshoping
6: Lucky charms and spiritual items
7: Health
8:Games and in app purchases
9: latest Teach
10: Bailing in the club
11: Gambling
12: Smoking and Vaping
13: your bank
14: Your taxes
15:Donations
16: Trying to look rich
I hope this saves your time
thanks
No details?
Grow!!!
I'm not wasting any money on that stuff... I've been making good income selling about 40-60 products per day on Amazon pretty passively... I must say I didn't see that coming, all thanks thinking of all kinds of ways to make money on the side, educating myself and betting on myself when friends and family did not believe in what was possible. No one supported me... My advice to anyone is to keep your dreams and goals to yourself, then succeed and let your success speak for you.
Well Said!!!
No one believes my upcoming project either. Just ignore it and keep it real
Ron Yates.... I know exactly what you mean my guy 👍.... I'm Living my best life.
100% agree
Subscribed. :)
Work hard. Love one another. Think before you buy. Being content is wealth to me. A simple life.
The happiest people don't have the best of everything. They make the best of everything they have.
Work SMART
The famous book : Rich Dad, Poor Dad says rich parents teach their children to work smart, and, that poor parents teach their children to work hard.
The envelope system is the only thing that worked for me. This way I have to actually budget for something if I want to buy it. Also paying your self first was key for me. We all work so hard, we totally deserve to save some before start paying bills and spending for variables.
The envelope method?
@@audrealambert9583 -- He shoves cash into many envelopes (various bills that need to be paid) because he has no self-control.
That envelope system does work.
It was in a vintage That Girl episode, too.
Alux forgot to add dating and relationships. That costs a shitload of money 💰
Yes, but you can be creative and not spend a lot of money. It is possible
Only if you're dating a gold digger. But you don't have to.
that's why you split the bill :D
Being in a relationship is not an excuse to spend a lot of money. If your partner doesn’t agree then you shouldn’t be together.
DocG07 And making babies w/o a second thought.
Great video alux!
Another thing a lot of poor people spend money on is cars. They buy too much cars they can’t afford, just because they can pay the “monthly payments” does not mean they can afford the car.
Tell the truth 🤗💛
Isn't life about money?
Unfortunately I've seen this far too often. People lease luxury cars they can't really afford.
Too many cars*
And yes, my family did this so much that we risked being homeless because my parents decided to pay thr car payments that they got for my brother before rent. We got lucky when we found a home at $300 a month but they were paying $1000 in car payments and crap. It got the point where I almost quit my job in 2014 just to make a point by cutting aid forcing them to rethink their spending habits.
Without a car they end up taking the looser cruiser and that costs way more. A monthly bus pass costs $100. and my car insurance cost $90. plus gas and that is $30. for 4 months of driving. Not to mention the time wasted going to the looser crusher stop and standing there with your thumb up your ass getting robbed while you wait. Not to mention the amount of money you have to spend on the taxi's when you buy grocery's because the looser cruiser won't let you on with more then 2 bags.
My father-in-law told me I should get the screen repaired on my cell phone after I broke it. Said it would only cost around $40. Told him the entire phone cost $40.
My new smart phone from TracFone only cost $29+tax and service is unlimited talk and text and 1GB(that carries over) for $20/month. If it gets damaged, I'll replace it with like item before I pay for repairs.
this doesn't sound very sustainable either
@@ichmemyself6098 it's cheaper than any other mobile phone company can offer on the service and especially the phone!
Yeah, but a new phone is more than $500
@@JuneHarriseco my smart phone from TracFone was only $29.99!
This video is fantastic, every point you touched on is absolutely fact ! Many people try to live a fantasy life and think buying things will make them happy and will impress their friends. I heard a line many years ago which said " live within your means and not your dreams " which about sums it up with most people today, save your money and invest and it will make you much more wealthy in the long run. Many years ago I was told " pay yourself first " and the money however small or large will grow over time and it has worked wonders over the years. First rule is I don't have to impress anyone and I control my life, what people do or think of me doesn't matter. Live your own life and you will be much happier !
What about having a kid you can’t afford
Oh, the taxpayers take care of that!
Or having more than one kid then any one single parent can afford. No kids for me - too costly and just paying for one until the age if 21 , is like paying for my college debts all over again.
@@aeromedical6750 first people make kids they can't take care of then they get the government to take care of them then they take taxpayers money at tax season sorry ass people bring this country down and dumbass people think it's cool
No need kids
I never had a kid I could afford!LOL!Then again,I never had a Corvette,a new bike,a boat.I worked 12-16 hours a day,built a business & bought real estate.Now,I can afford the '71 Corvette I restored,it turned out to be a decent investment!LOL
Starbucks coffee, 🍎 iPhones/Macbooks, Gucci clothes!!!
the starbucks coffee one gets me hot. 5 or more dollars a drink. i spend 60 cents a day on a cup of joe at home. it tastes better too
@@ehd1990, I rather get a chocolate shake for $2 or if I want hot, get a hot chocolate for $2.5, still less than half the average Starbucks drink! Though I go to starbucks as well but like twice in a year or just rarely! Though it's not bad to go there if YOU CAN AFFORD and I don't discourage you to not go but go only if you can afford! Most of the people who go there can't even afford it and those who can mostly just get a homemade coffee! In my opinion, wasting money is not buying things that you don't need but wasting money is buying things you CAN'T AFFORD! If it is a want and not a need but you can afford and you know you won't get broke then go get it if you want but not if you're already living like paycheck to paycheck! Make sure that you can maintain your current lifestyle for at least 2 years in case you go jobless, w/o having to worry!
😂😂😂😂Apple iPhone
Macboookpro us good it you use it for income generation rather than a tool to show off at Starbucks;)
@@x97k8, I know it iPhones are of Apple only so should of wrote apple phones but yea, macbook also is of apple only that way! But yea!
just a bought a pair of levi's in the mall for $60, then went to the thrift store for t-shirts and found a pair of levi's for $4 !
Wow
RobFrank22
Return that $60 Levi
Damn bro u got robbed
Before the stores closed Younkers had some pants down to $4 during store closing sale, and Kmart was giving away free display tables during store closing sale Both were giving away clothes hangers for free. Both stores are now closed in my local area.
Yes, thrift stores have some good deals.
i am poor and do none of these things, no debt, no credit cards, i dont drink or smoke, i meal plan eat at home ect ect
I don't drink, don't smoke, and don't get drugs... but where is my money?
Invest your money.
Bruh how u ate all your money thru fast food or sommmmthin get on semen retention and you’ll be rich
You never had any
@@DavidFuller1 Ah, makes sense
There's an exercise. For 3 months [non-holiday or vacation season] track your expenses. I recommend: "150+ Expense Tracking Categories to Help You Track Your Finances". Nearly everyone screws up tracking the 1st month by 50%, but don't get despondent. Prior to the 2nd month figure out what you forgot to track in the 1st month, then begin the 2nd month. Don't worry, most people are off by 25% in the 2nd attempt. Look back and try to figure out what you're missing. Now try to track your expenses for a 3rd month; usually most people have some good data by the 3rd try. Now focus, look at the data, look at the numbers, what are you spending money on and what can you do differently. If you wish to cut back, you must be willing to be honest with yourself; every penny or dollar counts. Then you need to save that money, without touching it, then comes the next challenge - how to make that money work for you; personally I invest. But you must learn about controlling emotions.
Clubbing all together. What a load of crap clubbing is!
aegian48 true
Yes clubbing is a dumb thing to spend money on
Never liked clubbing did it few times when was younger.
Those people are crap.. everyone who’s trying to be cool.. the goal should be trying to be humble and nice person, but not „cool“
The amount of shade that was thrown in this video has me in tears! The spiritual “rocks” bit killed me LMFAOOO! All of it was accurate which is what makes it funnier! Thank you for this!
Me, a spiritual person watching this with my altar next to my TV: 👁👄👁
Yasss!!!🤣🤣🤣🤣 this is my new favorite video!!!
This video is bullshit
@@Superstarseven Funny, so are you. How coincidental😳😳
You are damn right about the amount of shade, hardly subtle, but then so was the level of ignorance these guys have... they aren't talking about the poor! Poor people even in 1st world countries, can't afford to get their hair or nails done!!! People in my country have their basic health needs covered bar dental or optical (still basic in my mind but...) If I don't get my teeth seen to, it's not because I'm dumb enough to think the problem won't get worse 🙄 it's because cosmetics are a want not a need and when your kids need food school items or bills have to be paid, your own dental needs come in second. Most of this was excellent info for the middle classes, and unrealistic and insulting for the genuinely poorer classes. The wealthy are once again living in la la land.
I think when you're poor, or even middle class, you adopt a mindset that you're NEVER going to be rich. Most people don't know what it's like NOT to struggle, or be a paycheck away from losing everything. Even middle class people are one disaster away from slipping into poverty. If you feel you can't break out, then there's no reason to change your spending habits. Gambling/lottery gives you hope that you might strike it rich--which is likely the only chance some believe they've got.
Many people feel the system is rigged, and you have to be born to wealth to have a shot at that life. Even if you can do everything right, unless you have family wealth, you aren't going to amass much, without some extraordinary luck--like hitting on an investment that takes off. With this in mind, people subconsciously decide to live their best lives, enjoy what they have, and let tomorrow take care of itself.
It's a choice. Living it up today can be fun, but that comes at a cost of never being able to retire, or having a retirement so lean you become a burden to your family. Scrimping today gives you security, but then your family comes to you when things go bad. Even if you live modestly, you can still lose everything, through uncovered medical expenses, lawsuits, bad investments, natural disasters, theft/embezzlement, or family grift.
I'm ok with some level of risk in life
It's a hopelessly rigged system. The govn makes SURE to help themselves to your assets by the time you are elderly. I think the key is to not play their game. Stay out of debt to banks, become an expert in preserving your own health, live well within your means, only own or buy exactly what you need. View time and heath as your most valuable asset.
So true. The poorest girls in my university always had the latest and most expensive phones. None married to the millionaires somehow. 🤷🏼♀️ yet they were constantly asking to borrow money for food.
😄🤗
Tell em to come see. Ill be their sugar daddy
1000 Subscribers With No Videos they didnt. They had debt ...because having job would mean they dont need to borrow money for oatmeal to feed themselves
JoHNNY DaNGEROUS lol unfortunately for them they already married to the poor boys who thought that a girlfriend with an expensive phone is their luck ticket to the rich life 🤷🏼♀️
1000 Subscribers With No Videos That’s not the point, didn’t you watch the video? They can buy it, but they can’t afford it, they probably spend around 1 month worth of salary ( depending which country they are from) when they can’t even cover basic expenses or could be using that money for investing or something, if they can buy an expensive phone without affecting their finances (spare money), then they are not poor, and the video is talking about poor people, not middle-upper class people. And you should learn how to argument with respect.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Those who never had anything or grew up poor, like to show off.
True!! My dad and I always say that lol
Not really I grew up very poor and don't show off at all. Being poor as a child has only made me feel grateful for what I have now.
Tom Tom
👍🙏
Not true I grew up very poor thanks to god now I have what I need and I don't like showing off.
AGREE!!!
My late husband wouldn't go to the doctor. He had good insurance provided by his union, so it wasn't even a matter of the cost. By the time I finally got him to go, he had stage 4 colorectal cancer that had spread to the bladder. He fought it for a year and a half.
He was also an alcoholic, compulsive spender and played the lottery. I don't know how much he wasted on all 3 of them.
I would say eating out regularly. After attempting to cook some simple meals on my own, I realised I can make cheaper meals that are healthier (because I know exactly what went into it).
That's great, after that you can improve by making a week or month schedule to eat and grocery shopping to buy to achieve what you want, then you can save a ton of money
@@k4piii, that's what my mom used to do when I was little. She would make out a weekly menu and every Saturday we went out as a family and did the grocery shopping and house shopping together. By house shopping, I mean buying stuff for maintaining the house...cleaning supplies, etc...those type things. I do that to this day. Meal planning.
Right. When I realized how much money I was saving by cooking. I stopped eating out
@@hurtspublishing3906, right. I rarely do that anymore myself.
My ex, who barely worked, placed all his hopes on The Publishing Clearinghouse Sweepstakes, buying magazines he'd never read, truly believe that the more he spent on subscriptions, the better his chances were for winning big. He also played The Illinois Lottery. Never won even a buck.
Where he got the money?
Lotteries are a tax on people who can't do math.
Good he is your " EX " what a numb skull he was !!
Comment and compliment:
About donating to charity: without paying salaries, there wouldn't be a charity. And if they can't pay a decent salary, then they have to hire a poor quality person, and then your money definitely doesn't go as far. There is an entire TED or TEDx talk on this mentality that explains why charities aren't able to compete with businesses and make as much impact. Same with stigmatizing fundraising.
But I love the idea of volunteering time instead of money. Definitely a great idea for people who are living paycheck to paycheck or otherwise can't easily afford it.
I gave it a thumbs up!
Well if you're working all the time how can you find time to volunteer?
Many fundraising charities are able to get free labor. Many courts will order people to do community service for several hundred hours and you could either choose picking up trash on the side of the road in the hot sun or working at a charity in an air conditioned building making calls to people.
@@clallen2000 definitely
@@pamelapacific943 some people would say you can always make time. I do get your point though.
Well, charity is actually the only spending category that makes people happy in a long term. Everyone can do it. But like any spending charity support cannot be living beyond one's means. If one can afford reasonable charity, do it. If it would mean living beyond your means then first increase your earnings and savings and then do charity. Plus some charity might mean saving your house from being cluttered. This also saves you money, so why not to do it? I do charity. I like it. But I do not do it in a reckless manner. I think about consequences of charity for me and for those whom I'm trying to help in this way.
I know a man who got a huge settlement. Instead of buying property, he bought a trailer, and a relative allowed him to set it on their property. This man also got about 4300$ taxfree funds every month. One of his kids sold their house, blew the proceeds, and lived with this man. At the end of every month the man was broke. He bought "toys", cigarettes, fast food, and gambled. End of 4 years he passed away with nothing except the trailer. Family members that lived with him, and lived off him, were left with nothing. Couldnt afford to move the trailer, had no where to put it.
A video like this is critically NEEDED in today's world. Thanks for putting this out to help as many people with their finances as possible.
This does nothing to help with finances - this is shameless propaganda that pits “the poor” against each other. It’s gross.
@@normalityrelief oh ofcourse pointing out mistakes definitely target them lmaoooo
Clothing! People waste so much buying into trends rather than investing in quality, flattering pieces.
Mary Grace Cornell so true
Not me. I still wear clothes I bought 15 years ago. I can't see throwing stuff out if it still fits & looks good.
I never bought trends and I swear I could wear them long :)
@@pinkfreud62 Even if they no longer fit me, I would bring them to the tailor to have them altered unless there's not enough fabric left for alteration.
@Yen Chern Soh Yes. No need to buy clothes. Just acquire them.
Impulse buying used to be an issues for me. I'm glad when doing my monthly budget I was able to identify where I was hemorrhaging income.
@Sara Liam DON’T YOU FOOLS REALIZE WE ARE ONTO YOUR GAME?🤣
Please teach me your ways I gotta stop wasting my god dam money
@@JordanOpitz you not use to money Are you
Sometime when you come up in life, it’s really good to die when you left with a history of spoiling your loved one’s and yourself.
@Nancy Abeyta dear poor ppl, just impulse spend on my course and starve yourself then throw your money down the drain on gambling bc you are desperate... rather than struggling to keep your lights on
You're right about banks. My balance was under the minimum so they charged a fee. Next month it was lower and they charged another fee. Eventually the balance got lower than the amount of the fee and they added an overdraft fee to the first one. Then the balance was less than $0.00 and they just kept going. It cost almost $300 to fix that.
Videos like this once in a while help you realise that you shouldn't be following the crowd that looks rich and think rationally. Good job.
I had a friend she was really bad managing her money. One night we went out for dinner and she asked me if she could borrow £20.00. I thought she had forgotten to bring any money with her. No she left it as a tip for the waiting staff. She was always pretending to be rich (but she did pay me the money she owed).
I do literally zero of this things and I’m still broke. Thanks!
Lol
Borrego S if your not doing any of these you should have money saved
They neglect the other side of the equation a bit in this video. Income, the money that comes into your bank account. That needs to be high.
Your illegal immigrant?
You lie
17. Eating out (which I'm guilty of) 😒
Precious Hernandez same
Tithe's and offering at churches
@@CalmnNice50 don't give up on giving to the Lord's house my friend. The Word tells us to give and tithe so that the Kingdom of God can prosper. Giving and tithing from a heart of love and honour to God also benefits us because the Lord says that He will rebuke the devour for our sake and He says that He will open the windows of heaven and pour out blessings we cannot contain :). Remember, as Christians, we are to seek the Kingdom of God and His righteousness FIRST (Matt 6:33)
same
@@CalmnNice50 Tithes are not wasted. God knows about them, and, will bless you.
$6.88 for a packet of cigarettes in the USA? In Australia, I think a pack of 25 costs about $40.00, although I'm not sure because I'm a non-smoker. Excise tax on cigarettes has always been high in Australia. It's a good way of hopefully supressing consumption, and it is fair to tax heavily a product which adds significant burdens to the health system. The USA should follow suit.
It's called Sin Tax
$40 is insane. Government has no business doing punitive taxes like that. You need a new government down there.
Recognized how she worded it. $6.88/pack is like a pipe-dream here in the NE for a smoker. $6.88 is the cheapest price possible in the USA which is likely only in the tobacco grown areas of the South. It's mostly double that price in the NE USA.
@@IxAMxABU At about $14.00 a pack, that's still cheap. Congress should increase tax on tobacco products progressively over a period of a few years. It would be a good way of raising revenue and suppressing consumption of a deadly product. In Australia, the federal government has jurisdiction over customs and excise, and almost every federal budget raises excise taxes on beer, wine and tobacco products Perhaps the states have jurisdiction over excise in the USA, I really don't know. If it is the states, then they should move to progressively raise taxes on tobacco products.
"Stop eating so damn much!" Lol 🤣😂 I need to put that on my wall in bold letters!
I admire your bluntness and directness throughout all of your videos. I will continue to say this, individuals, cultures and societies make living life complicated, when it’s generally simple. Eat well,continuously educate yourself, exercise, save and invest money.... be kind, and mind yo biz. Take care of your family and selected friends. That’s it.
Extremely well said!!!! I agree 110%
#11 When I used to cashier at a grocery store, payday made me ill. My coworkers would pick up their paychecks at guest services, and then immediately spend like $100 on scratch offs at the same counter! One day, one of them won $20!!! That was a big win, I must say, as I’ve never witness anyone win such a large amount, but they technically didn’t win $20, they only lost $80. And that’s not including all the previous pay day attempts. At what point is it ok to slap these people in the face and tell them to stop?
I used sée the long lines every Friday when worked at circle k.
Like bingo players. Yeah, I won $500! Actually, in the past year you spent $3,000 so you are still out $2,500.
20 bucks is a large sum? Hahahaha! What are you talking about where do you work? In China? Is this real?
@@brandongiovanni44 I was being sarcastic by saying it was a big win. And by large amount, yes, I had never seen anyone ever win anything that much before. As for the China comment, I don’t think you realize why there are poor people in the US. What’s minimum wage now? $7.25/hr? It was $6.25 then. Winning $20 is theoretically 3 hours pay. Of course, the government still taxes your income, and technically should be taxing your lottery winnings as well. Imagine making $7/hr in our “great nation.” If you’re lucky enough to work 40 hours, which none of these people did, you’d make $290 a week at the minimum wage of $7.25. Of course, taxes are deducted directly from your paycheck, so you don’t actually ever see $290, but let’s go ahead and say it is. That’s $1160 a month. That’s not considered below poverty. Let’s say you manage to find a hovel that’s will rent to you at $700/mo, now you have $460 for food, utilities, and so on. But then you go blow a large chunk of your weekly paycheck on lottery scratch offs. But no place in town offers rent that low, and if they did, you’d be too high of a risk. I knew two people who lived together in a neighboring poorer town, who had a monthly rate at a hotel! Every day they walked to our town for work because they couldn’t afford a car and there was no public transit.
These people were/couldn’t work full time. In fact, even places that have the ability, try to ensure you don’t so they don’t have to pay benefits like insurance and overtime. So these people weren’t making anywhere close to what I speak of. Almost none of the people I knew who did this had their own place. They were living with relatives or had done other kind of assistance. God... ...one of them told me their boyfriend had left them, and then 3 months later, she found out she was pregnant! I mean, come on people! China.?.. ...get real.
@@UmmYeahOk thank you 😊
I disagree with #14. Poor people pay more taxes because they don't have the power to lobby Congress for tax breaks. They also don't have the money to pay for legal advice on how to dodge taxes. It has nothing to do with how much value people produce. If taxes were a function of the value a person produces, then that would mean people on welfare produce the most value.
"By failing to plan, your planning to fail"
Wooah powerfull goosebumps
Deep!
Now I have to get my family to understand this because I pay for everything.
I’m guilty of the dental issue,ignored the cavities and now I need implants,that hit home for me