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Most of the ethanol in the body is broken down in the liver by an enzyme called alcohol dehydrogenase (ADH), which transforms ethanol into a toxic compound called acetaldehyde (CH3CHO), a known carcinogen. However, acetaldehyde is generally short-lived; it is quickly broken down to a less toxic compound called acetate (CH3COO-) by another enzyme called aldehyde dehydrogenase (ALDH). Acetate then is broken down to carbon dioxide and water, mainly in tissues other than the liver Not done in the gut …..
At my previous job the CEO called me greedy and egotistical when I wanted a raise from earning 10 bucks an hour. Claiming that I got more money than he did as he didn’t even take a salary from the company. But I could see that his car had 7000 dollar rims. Something I could never afford. He acted poor to not have his workers demand more.
Yep, he is a just a typical psychopathic CEO, who will lie, gaslight and manipulate others to gain power, he would pay you 1 cent per hour if he could find a way! CEO of a company not even earning 10 dollars an hour 😂😂😂 What kind of crack is he on thinking that any employee would believe that!
CEO? $10/hour? I don't think he was a CEO. Maybe business owner of a private company, but not a CEO. If you make $10/hour for a company with a CEO, you are never talking to that guy at all lol.
I remember seeing something claiming that Warren Buffet clips coupons and I couldn't help but laugh. What a ridiculous notion. If I was a billionaire, I wouldn't even buy my own groceries, let alone waste my time clipping coupons for them. What a load of horseshit.
They'll say anything to keep the rest of us quiet and sedated about the terrible state of economic equality. If most people actually opened their fucking eyes to the obscene wealth these people have and how they attained it, "eat the rich" wouldn't be merely a slogan. And they know it.
It’s that kind of thinking that keeps you and most people poor. Wealth is a MINDSET! Warren Buffet got to where he’s at by investing every single last dollar he could possibly save into undervalued companies, mainly Coca-Cola. Had he blew his money on fancy cars, Yachts and women, he wouldn’t anywhere near as wealthy as he is today.
Isn't it crazy that there isn't? I mean most of the super rich are known, they have one of the biggest impact of climate change they are 0.1% and own 90%, they influence local, regional and even global politics and they decide how many crumbs are left for the "plebs"... Yet amazingly we celebrate them and applaude them
“I don’t see in religion evidence of the mystery of the incarnation, but rather the mystery of social order. Religion associates heaven with an idea of equality that keeps the rich from being massacred by the poor.”
@itsaaron6423 Yes that's what people who resent the ultra wealthy have a problem with: Illiquid assets of monstrous value that are sitting idle and providing little to no benefit to its owner or anyone else.
@@Evdath imagine saying that and not realizing you’re fighting for people to allow their envy to dominate them and control their lives. What absolute folly.
Point 3 is important: saying the CEO gets paid 200x what the media worker does is too abstract for folks to really get worked up about. What’ll hit home is an example of the CEO spending the average worker’s annual salary on something frivolous.
Spot on. We live in an age where basically we have the world's richest people in history compared to the middle class and yet there are no revolutions or riots because while in the past kings and queens would show off their wealth, they now all "pretend" to look like the average person
That’s a really good point; the human brain was never really designed to think logarithmically We desperately need a way to get people to understand how obscene it is that billionaires even exist. The plan is clearly to get AI to the point that it can replace humans entirely , finish extracting the last bit of wealth we have, and let our mass extinction reduce the population enough to mitigate climate change so they can live in luxury and peace And maybe, instead of building rabid cults of personality around these people we could like, have a moment of self awareness and self preservation?
That is exactly the story that they want you to believe. Work hard and you'll be rich. Unfortunately that is not how the world works. And regarding your comments on rich people not trying to look poor, look at how French kings dressed up 300 years ago and compare it to Bernard Arnault today, who is actually richer than they had ever been@AarushKumar-sf1vk
@@oscard9429 Did you watch the intro? They're still flaunting their wealth with private jets, the best seats at every major sporting event, expensive restaurants, private islands, and designer clothing. The issue is that despite clear evidence of them living incredibly lavish lifestyles they're saying "Oh, I drive a cheap car, live in a modest home, and live my life like a normal dude."
@@oscard9429 exactly.. people are acting like it’s only the ultra wealthy. we all do this to some degree. People will envy you if you’re doing better, you don’t want to show that you are and enjoy it silently.
They don’t care about how they look, Being visibly wealthy can attract attention, both positive and negative. Some billionaires prefer to avoid unnecessary public scrutiny or judgments that may come with conspicuous displays of wealth. They only spend on things that yields returns for them
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and my advisor “Vivian Carol Gioia” enough for such an amazing way to make money!
Say this louder for the people in the back... "After a certain point, people can't improve their personal financial situation by being more frugal. They need to increase their income"
for real because being frugual, you’re depriving yourself and have less money to work with. If I was rich and frugual, then I’d have more money and options to work with every month.
Usually yeah. However the spending problem of habit has vastly more issues than the earning problem does, which is a matter of focus. The former is a matter of impulse, which you should not be spending impulsively for. That's usually why the saying comes up
@@broskibrewer2187 you’re right. It’s just discouraging when you’re already following that advice. Most people work hard and don’t get what’s due to them. It takes luck on top of working hard.
@@broskibrewer2187 People actually could substantially lower their costs with relatively minor lifestyle changes. A big one that people aren't really aware of is eating out regularly. If you are willing to make your own food, you will spend far less on groceries compared to eating out. The food will also typically be better for you as well. Even something like having a daily coffee at starbucks adds up quickly. I'd say some really big ones though for especially poor people would be cigarettes, alcohol, lottery tickets, tattoos, etc. Basically, things that not only cost a lot of money but bring no real value to your life or possibly even detract from it. The thing about income is there is only so much you can realistically increase this. You are only able to work so many hours per week without risk of burning out. Most jobs also pay relatively similarly until you get into high paying jobs that require a lot of formal education.
I remember reading about a French multimillionaire who was having financial difficulties successfully arguing in court that his Rolls Royce was a necessary business expense because he was selling luxury champagne and it was important for him to be able to sell that image.
I thought it was only a subset of billionaires, most notably the tech billionaires who do this. Probably because they consider themselves engineers and innovators first and foremost while they are also used to this lifestyle. Other billionaires like Russian oligarchs and Arab oil princes are indeed some of the most blinged out people on the planet.
Oligarchs and arab oil billionaires (no real difference) gained their wealth through political connections and do not have to fear popular discontent. Billionaires in democracies know we can tax or seize their wealth if we hate them enough. Oligarchs do not have this fear because their best buds (the ruler or local general)will stop it.
Consumers stay consumers. Do you have a friend who just go out and have fun all the time by spending and consuming? Well that guy if he gets rich he is going to do the same only in very luxurious high end style. Guys who just want to work and create doesn’t really care about the lavish things when they get super rich. Money amplifies who you are. It never changes you
@@cameronwixcey9692 the more important point is that their wealth is a symbol FOR the dictator in general. The wealth of these blinged out "oligarchs" (quotes since it also applies to other kinds of political nobility) is not their own, but rather on loan from the dictator, and them displaying it proudly is a big part of why they have it. What does Putin have to gain by having somebody with a lot of wealth other than him? The image of success coming from their loyalty. Much like our billionaires like to sell the image of coming from poverty and pulling themselves up by their bootstraps to have people work hard for no gain, oligarchs earned their wealth through loyalty and instead of needing to seem humble with it, they need to show it off to entice others to maintain that sense of loyalty. They can simply sell the image that the reason they aren't oligarchs is because they aren't loyal enough, no need to sell them a bullshit idea like saving money and working hard matters when the purpose is to drive people to do things like join the military to fight and die in the wars. Dictators need large armies of loyal soldiers to control their populace and prevent foreign coups, so just like the knighting and squire systems of the middle ages, promoting loyalty is the game over there. So the main accessory to their wealth is functionally different, their blatant glam is an important part of the wealth for them, while our billionaires here have to sell the image of capitalism being "fair and balanced" when it's not.
@@cameronwixcey9692there's also a lot of dirt that needs to not be dug back up, and keeping a good image helps with that. Companies like Microsoft didn't become practical monopolies by being the best, or even by being basically adequate. They got there through backroom deals and government bribes.
I’d say celebrity is a big part of it too. Who’s the CEO of United Healthcare or Wells Fargo? Unless you’re an investor you probably have no idea. Tech companies are much more identified with an individual, the visionary CEOs who was often a founder as well. Negative press coverage of the individual is bad for the company, so they have more of a reason to appear like normal folks who aren’t exploiting the system.
My freshman year college, a totally normal guy's parents showed up on parents weekend and brought him a brand new SUV as a gift, so we all realized that he was actually very wealthy, and then started noticing that his very normal looking clothes were incredibly tailored and absolutely never had any scuffs or stains.
A friend of a friend in college lived in a house his parents bought for him for the time he was in the city. Probably not a bad investment...might have sold it for a small profit. But, most people can't afford that, can't take that risk. A young woman whose father was a doctor (my family doctor, actually) said to me, at another college, 'Just have your parents put a house in your name, get some friends to move in to pay rent...and by the time you're done of your degree you'll have house that's a few years paid off...' Yeah, my parents couldn't afford that risk. Another young woman I met at a Joe job was complaining that the student loan people wouldn't give her anything. Another guy who had gone to college and I were listening. Her parents had outright bought a house in her name...something about avoiding taxes or something related. The other guy 'Well, that's why. You own a house...so they figure you don't need a loan for school like a lot of other students do...'
@@DaniZeAlmighty and this is why some people in college who come from super rich backgrounds out there gatekeep and hide their true wealth from others. Specifically from friends, acquaintances, and even strangers from doing bad stuff like stealing. It's hard to trust people these days anyway. Take your comment for example, it's one of a nasty thought but i bet you don't even care if you steal from rich people because you are THAT desperate and you're confident to even say it out loud. If I was your friend and even if i am not financially rich, i would still stay away from you. You're obviously dangerous with a potential to physically hurt others over some money.
I still love how no journalist in the history of fluff interviews has asked any of these billionaire chuds, “okay, if you live so modestly, why do you refuse to pay your fair share in taxes and spend millions in lobbying and anti-union drives?”
I think those billionaires didn't approved such questions and if they would ask anyway - interviews would be deleted and journalist won't find new job - simply.
@@scalemodeltutor9841 it was lobbying from them and their mates that tax loopholes and a anti-union bills are passed. It is their fault that it is like this.
One doesn't need to fall under the spell of personality to see that some criticism against billionaires and wealthy people in general isn't very logical, and that people will find reasons to be mad at them regardless of how they conduct themselves.
@@vylbird8014and he went to all the top universities and got all the degrees and masters etc ends up being prime minister with a salary for life even after standing down. And we believe the act and think he is a bumbling idiot.
Happens in fashion too, why do you think ripped jeans exist ? Its to mimic the poor who actually had ripped jeans because thats all theu had. Dirty clothing has become a thing because working people who actually work have dirty clothes. The list goes on and on
That's also more of a general culture thing, culture tends to largely be produced by the working class and marginalized groups and then flows upwards and outwards from there. The richer you are the less in touch with normal people you are and thus you become unable to produce art and culture that the general population will like. You also start becoming so sheltered from the real world that your creativity dries up and you'll be surrounded by sycophants so you're unable to think critically about your own works.
i have dirty clothes because i actually work physically in my factory even though i have a dozen maintenance guys you can never have enough and few are star guys. so i always wear black jeans an black t shirt and black sweatshirt because i don't care to look good for anyone. i only wear a suit for funerals .
idk I like my ripped jeans with light washed up colors. theres a difference between ripped jeans from being poor and the ripped jeans I buy at the store. its like ripped well wtih a pattern
The main reason for that probably has to do with most of it being generational money, they were born into it and never grew up poor so being flashy is all they know. Most billionaires in the US earned their wealth
@@alexanderredhorse1297they earned it in the sense they have people voluntarily give their money for whatever product or service they offered. This is the conventional usage of the word earned. . Yes once the company is already successful, new employees will produce more profit than get paid in wages. So there is some Marxian notion in which this is "theft," however I think it pretty clear in the standard usage that the CEO did earn their wealth, and even if you don't agree with the sentiment I'm sure you understand what is meant
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
This will not be obvious for a lot, a lot of people. It works. It works on so many people. There’s also many people who don’t care that a millionaire is trying so hard. The fact that the millionaire is rich is all that matters to some folks.
Vogue recently had Jeff Bezos' gf on the cover and a laughable article about how normal they are. They talk about Bezos' giant underground clock, their ideas for the future of space travel, their personal helicopter, how they complete each other, etc. It doesn't try very hard to make them sound normal or even like the article wasn't bought, and the friends and family interviewed weren't coached on what to say. It's crazy to think anyone would believe they're just like everyone else from reading it, but I guess it works on some? I don't know how. It's like believing that woman's face is all natural.
Virtually all the millionaires I know in Ohio for all appearances look broke because most of them came from a life of poverty and they really just don't want to show anything off. I realized that this video is about billionaires but it's been my experience dealing with high net worth individuals in my community is they look very plain generally.
see that sounds like bullshit, usually it's the old rich that's subtle about showing their wealth & the new rich flaunt it maybe your millionaire friends are lying to you about coming from poverty, or maybe they're lying to themselves & their idea of poverty is their parents driving BMWs instead of Rolls Royces and their idea of self-made is going from millionaire to multi-millionaire? (that's certainly how Forbes defines "self-made")
He meant if you can project an image of yourself that sells, that's where the last dollar is gambled in the hope of getting it all back. In short, truth is worthless.@@JanBanJoovi-ol1qv
The thing is, I’d rather these people spend their egregious wealth and have it actually flow into the economy than hoard it while we all pray to buy a house.
“Horded” lmao I bet you think they just have a bank statement of $100 billion. Most of their net worth is STOCKS and if you really wanted them to sell it all, it would hurt most regular people
00:04 Billionaires spend millions to look normal 01:30 Prominent business leaders often craft a folksy image to appeal to customers and investors. 02:56 Billionaires try to look 'poor' to attract investors and project frugality. 04:28 Rich people try to look normal as an effective sales tactic. 06:01 Billionaires try to appear relatable to boost their own companies and sell stuff. 07:32 Promoting relatable millionaires and billionaires in get-rich-quick courses can financially harm regular people. 08:56 Billionaires spend money on looking poor to maintain control over workers. 10:25 Private equity firms have a history of bankrupting companies and laying off workers for profit.
"Why don't you have a Lamborghini man?" "I don't have a particular need for one" Then ending up burning customers' cash on a luxury place on the Bahamas for 0rgy, a private jet, and bribing Chinese government. He'll be locked up for life
I think it's more to do with the fact that most material wealth doesn't make you special anymore. Having really nice clothes was a sign of wealth in the past. Nowadays, any middle class person can afford expensive clothes with a little bit of budgeting.
For me being rich means not to worry about money. Looking rich can make you very attractive but also attractive to the wrong kinds of attention. Suddenly family, friends, spouses and strangers see you as a 💰, abductions become a real thread. Being rich while people don't know about it, having the freedom to pursue passions and travel the world without worrying about constant power struggles, living a healthy life with friends and family you can trust is just a good way to live.
Being rich in this world puts a huge target on your back, even if you are sligthly wealthy family members, "friends", neighbors and even spouses will want a free handout from time to time, and if you dont do it you are ostracized and villanized into oblivion, so its always better to hide your wealth and look like a bum.
I catch this a lot on the car side of TH-cam. You've got a lot of channels that present themselves as everyday down to earth car enthusiasts doing "fun builds" but when you really start paying attention to the videos its obvious that they come from some sort of generational wealth that's allowed them to buy all these elaborate vehicles. But they'll present themselves as just your car buddy up the street.
It's one thing to want to lay low on the streets where the threat of violence and theft is imminent; it's another thing (and I completely despise it) to come online and ride that trope to mislead your target audience. I'm on car Tok, and I noticed something similar; they'll say "you're not a real car guy if you don't work on your car" "think of all the money you'd save on your car if you worked on it", and I'm like 🙄 I don't have the time to start randomly learning expert-level mechanic things. I remember going on the Mercedes Benz forum once, kinda wanting to dip my toe into working on my own car, and these dudes had whole technical design sheets for several parts of the car, including the engine. I was like 😳???? where did y'all even find these designs??? Aren't these proprietary??
To be fair, if you have it, you don’t need to show it off. Scammers aside, many wealthy people don’t feel the need to show it off because they ACTUALLY don’t care. They dress nice, because they can afford nice, but they don’t buy the most expensive thing *just* because it is the most expensive thing.
Im from "oil" country, and butter is indeed expensive. I try to buy good, grassfed butter from nz (i forgot the brand), and holy shit the price is way above my usual palm oil. And when i try to make omelete with it, holy shit the smell so milky. Im lactose intolerant, but i can drink cafe latte with fresh milk. That butter kinda wasted with me.
Zuckerberg is the kind of guy that would buy all the houses in his neighbourhood and have private military patrolling the streets with p90s and fence everything off with barbed wire. Then proceed to buy a private island with a nuclear proof bunker with minigun turrets that pop out of the ground. All that, just to show to the world how much he is just a regular guy like any of us. What a great guy
Even before the social media era, this phenomenon existed among both the wealthy and everyday individuals. It's a common tendency: the affluent aim to appear less privileged, while those with fewer resources strive to present themselves as more prosperous than they truly are. I believe this trend persists across various age groups and social circles, where there's a limited range allowing individuals to authentically represent themselves. Beyond this narrow band, people tend to exhibit a desire to emulate the opposite end of the spectrum. Interestingly, the poor actually want to be rich but the rich don’t actually want to be poor 😅
This was a complaint I heard about the minimalist movement, it was a bunch of well-to-do people who could afford to get rid of stuff because if they really needed that item again, they could just buy it whenever they wanted.
It's like Casinos paying out enough to keep people coming back. Wealthy people want everyday folks to believe they can be rich so they don't demand their elected officials raise their taxes, enforce their taxes, or regulate their political contributions or media influencing.
What happened to me when peoples know i had money is, the "friends" that thinks I didn't exist when im struggling now started trying to get in touch with me to borrow some money without even had an intention to return the money.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
@@carl.rankovic Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
@@iam_maryanne well said, mind disclosing info of your advisor please? I see no other way to maneuver steady profit and steer off losses in today's market affected by economic policies, hence I'm in line with seeking expertise assistance
@Johny-se8hk > I take guidance from 'Katherine Nance Dietz, a well qualified Montana-based wealth advisor with over two decades of experience, luckily her profile is widely visible on the internet, you should simply research.
@@iam_maryanne She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon..
I always thought it was a way of showing themselves to be above employees. As in, employees need to wear uniforms, suits etc but the boss can show up looking like Jeffrey Lebowski since he answers to none of us.
@@ClarenceJBoddicker1987not really, share holders have a normal degree of separation from day to day activities or are removed from floor operations if they are the founders. It also often has concentrated rather than dispersed voting, ie there is not practical democracy if the founder owns 50% +1 of shares. Work place democratization has large amounts of power in the company from voting dispersed and no one person has extreme voting power. Most often no one person owns 10%+ of shares. Shares are also normally tied to workers and a requirement often is that to own shares you must work. The focus and idea is to ensure that those working at the business have control over it and that no one person has extreme authority
I don't know any billionaires and if they are pulling a scam dressing down but my experience with poorer people, middle class, and millionaire class the more ostentatious they look and act the less likeable and more shallow they are to me. And the people that try to look rich but aren't have self esteem issues or are frauds. I retired 17 years ago at 46 and my money didn't and still doesn't go to showing off or trying to impress strangers. I look like someone you don't want rob.
Why are y'all always so eager to tell us how self-proclaimededly humble y'all are? Isn't this the very showing-off y'all claim to be so above? No one gives a ... that you don't want to show off. Do with your money as you please, and let people do with theirs as they please as well!
To be fair, there have been kidnapping attempts against Mr. Buffet before (armed with a chrome-plated replica of a .45 handgun, turned up at Buffett's office building in Omaha, Nebraska in 1987, and tried to kidnap him so they could hold him ransom). It's not fair to say that he's lying about the way he uses his wealth, because he doesn't HAVE to tell us about his security arrangements (no one walks around in the hood with a sign telling all the brothas that he's strapped). All the rest though, are actively trying to give a false impression that they're poor LOL.
@@ericespinoza763 I live in a 3rd world country where roadside stores do their dishes in basins beside greywater drains, and where thieves get whipped, but OK, I don't know what poor is because I understand the law...
What is worse on a person's finances? A billionaire telling you to be frugal, or watching a billionaire have a shit ton of money and flaunting it in your face all of the time. If I was a billionaire, I would also publicly live frugally. Especially during struggling times
@@contentsdiffer5958 I don't really care what Billionaire's do with their lives or money as long as they leave me alone to live how I please. I also don't get violently envious if someone has more stuff than I do. If I want something bad enough, I go and get it myself. So they can lie to me all they want because I'm barely even listening to them anyway.
Kardashian millionaires are worse on peoples finances cause they as influential celebrities set the trends. Kim for ex is why all these girls are now plastic faced boob/butt jobbed, gold digging, buying luxuries, and doing onlyfans.
Why would you live frugally if you don't need to be just to appease strangers view of you. Would you act homeless to make people with no house view you in a better light
@@jordanhtiffirg1990 it’s different if you are a billionaire. You have to look at it from their perspective. Marie Antoinette was said to have reacted to the people of France’s suffering with the phrase “Let them eat cake” so they cut off her head. If they act like they are just like everyone else and they keep their wealth quiet, there is less likely a chance that a revolution of the poor will take their head as well.
The biggest key takeaway that I have taken away from this channel is, if you want to be more financially successful make more money, if you want to make more money be worth more, to be worth more you have to have skills that are valued you can figure out the rest from there.
It’s similar to what Joe Rogan said in his latest podcast with The Rock: if you want to be happy, just be rich. Once he said that, it all made sense to me. I realized I had to be rich and it made me work harder and spend less time at home. I’m still broke but any day now!! 🤞
@@1983jcheatthat sounds like the average millionaire. Those kind of guys don’t really fake anything and just drive old pickups. Though after studying them you can spot them after a while just off of how they dress and groom themselves.
Whatifalthist has a great video where he explains how in the west, no one wants to admit they’re the ruling class. The ruling class go to great lengths to portray themselves as ordinary working class folks. The issue with this is that the ruling class and working class have entirely different roles in society. The ruling class’s job is to prepare themselves to make important decisions that will dictate the outcome of many people’s lives. However, since our ruling class is obsessed with seeming ordinary, they spend most of their time filling up their schedules with busy work, and thus are inadequately prepared to execute proper discernment in tough situations. Historically, the ruling class would spend most of their time studying, reading classical literature, philosophy, and strategizing.
Search about Narayan murthy , he is an indian tech billionaire, his PR game especially his wife's PR game is legendary.Sidenote he is also the Father in law of Rishi Sunak(UK Prime Minister)
The only billionaires that probably behave somewhat similarly to normal people in their day to day are the ones we know nothing about because they prefer a life of peace and quiet, without the need for constant megalomaniac ego stroking from the peasantry
you don't become a billionaire by being a normal person. most of them are psychopaths. they do enjoy ego stroking from the peasantry. Normal people that get uber rich, usually have the money taken away from them quickly.
From William Gibson’s Count Zero: “And, for an instant, she stared directly into those soft blue eyes and knew, with an instinctive mammalian certainty, that the exceedingly rich were no longer even remotely human.”
Great video - we live in a society where the extreme hoarding of personal wealth has become ‘fashionable’ and what people look up to. Why? It’s disgusting that one person can even have so much money and leave so many people in the world with less than nothing.
@@michaelballack3051 and my POV is that this system doesn’t work for everyone. How can it? Therefore, it relegates those without to a life of struggle and pain and provides an inequitable life for those who have more than they need.
What's even more stupid is that money's value comes from ease of exchange. So when a small number of people are hoarding money, it makes for less in circulation, which stagnates the ease of exchange. This is where the topic of velocity of money/currency comes in. Basically it has no value sitting in an account, because it's not functioning in the world. They are paving the way for a bleak future. The money won't afford services, when there isn't a foundation for services to be offered. Oh well, same old story
@@michaelballack3051It takes a lot more resources to train 1 person to produce the value of 10 people than to train 10 people to produce the value of 20.
Poor people waste their money on cigarettes, beer, fast food, and clothes. Middle class people spend their money on cars, boats, events, and electronics. Rich people buy assets which increase in value and try to limit expenses to their business.
poor ppl WASTE their money on LUXURIES like food stamps, and bus tickets (dumb), rich people INVEST their money in INVESTMENTS like golf club memberships and private jets (smart)
@@JoJoJokerUnfortunately that "try to limit expenses" comes at the cost of the rest of us, often by lowering the buying power of our paychecks or by raising the barriers to entry as a potential future competitor.
In Italy we've seen the same strategy employed by Gianni Agnelli, leader of FIAT, in the '80s. He was always seen driving through Turin in a Panda, one of the cheapest FIAT models back then
I have worked in many private country clubs all with extremely wealthy people. You would be surprised on how cheap some of them are. I think they feel like they should just get everything for free but I am not sure. Many I have been around you would never know how wealthy they are. They just want to be left alone, play golf, and talk with their friends on their off time.
@@meeraj-4774 You're deluded. Rich people aren't rich because of frugality. Not going to a restaurant once or twice a month won't make you rich. Inheriting a several million dollar business will. You've been led to believe an insanely dishonest narrative.
@@meeraj-4774 you dont become rich by being frugal though. they still spend on a lot of money, but they spend it on investments. real frugal people dont spend on anything, not even on investments
I really appreciate the dedication in each video you post. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Desiree Madison focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
Simple, the reason why Billionaires try to be like normal people is because they want to blend in so robbers can't get them and also because wasting money on expensive stuff is immature and unprofessional, they don't want to waste their money on stupid things
Well it’s a stupid idea from them, because most of them have recognizable faces, so unless they wear a Halloween masks most people know when mark Zuckerberg walks down the street
My favorite video of yours so far! I would love to see you take on these millionaire mindset gurus (Robbins,Tracy,Kiyosaki) now that all the evil and scams are finally getting exposed.
The bit about driving regular cars makes sense no matter how rich they are if they are the type to drive themselves, the most popular car among millionaires are the likes of Honda Civic no matter if they can easily afford supercars. They blend in, they are relatively comfortable and has decent standard of amenities and function but still simple and easy to use, cheap to drive, insure, crash and fast to repair. Many expensive supercars are actually uncomfortable, impractical and if something breaks it they fly the whole thing back to factory to fix. So even those who are into owning supercars still keeps a honda civic and drive that 90% of the time.
This is why when i wear nice clothing that looks good and functions good and take good care of myself people think I'm acting big because I don't cut corners or take the easy way out unlike most people
the "meta" problem is that, once a period of shortage kicks in, richer people have to use a justifiable story why their children eat and have clothes, and yours don't. The wealthier in prior ages used the divine right of kings, hard work, God's blessing (or curse), morally upright behavior, Christianity (or Islam, or whatever), Greek culture (or Roman, or Chinese, or whatever), charitable giving, etc... the list of justifications is as extensive as the human imagination. But in an age of government intervention in everything, well, what the government gives, the new government can take away. That nice house on the hill can be yours if you and your friends just get into positions of authority. "new boss, same as the old boss..." but all the pretty shiny things get new owners.
1. French Revolution , 2. honesty. Unless they grew up with estates, planes, and constant attendees, they don’t see themselves profoundly different from the rest of serious working professionals
idk, every video on this channel I watch just makes me think it should have been labeled why money doesn't work... ultimately though, having this knowledge is important to survival in this failing system and it's strangely interesting so keep up the awesome work.
Are you one of the "final stage of capitalism" morons? Hate to break it to you but capitalism is awesome. Don't let some slack jawed twit tell you otherwise.
@@CharlieKellyEsqI am so sick and tired of the old "smartphone = capitalism good " argument. it's dead and has no actual bearing since a vast majority of the technological advances we enjoy today were originally funded in the public sector then sent to the private sector so a few people could get rich off of it when the government stopped caring. Even the internet we use today has its origins in government partnerships with public universities. Is human life truely so meaningless that we can put a price tag on whether or not any one life is allowed to continue because that's the base question of capitalism. how much is living worth to you?
I think out of all of these only Warren Buffet legitimately can claim not to flaunt his billions. He may have started this trend of looking normal and just being a billionaire. Hes too old to gaf about Lambos and mansions. But i can almost guarantee he enjoys looking at the number he has in his accounts. The others attempt to make their schemes by trying to play the Buffet role.
@@CoolGobyFish owning vs flaunting? Are two different things. He's probably the most famous "humble billionaire" because he started the trend. I'm sure he owns very nice real estate, but he's never been one to be a big car guy. If all he drives is a stock Mercedes? still better than most. The man is old as dirt anyway so I doubt he even drives anymore.
@@NoNo-ng9sl he doesn't faunt it on camera, thats for sure. but he sure as hell doesn't clip coupons or live in that small house (i am sure he visits it).
And how is that a good thing? Making money for the sake of making money has no meaning. What happened to trickle down economics? If they are not spending their money into circulation while also paying as less tax as possible, how is that affecting the economy?
For the most part in America this is more influenced from French revolution ideals, the collectivism of Asian cultures is more at play. In France it was the general populace killing nobility, where assassinations in Asian countries are usually "nobility-nobility"
Native asian here.. Heh, that's a minority who doesn't care how their house looks, but I knew few.. still got a telltale sign their outdoor shoe box and what's inside and the new car that coasting more than that junk house were an unnoticeable contrast
@@auraguard0212 ah.. that's what you're referring to. Yeah, my father always told me that too. but their reasoning is simply neighborhood, thief and taxes.. oo thing never change 🤣 but seriously to this day there's still a gen x adopting their parent way of "hiding" thru a rough looking house owned by riches they always got a shoe shelt and it always a nice and branded one..
Sam still has people convinced he wasn’t “Greedy” and just wanted to steal the money to do good. Go look at the fluff piece 60 minutes did on him. 😂😂😂😂😂
@@Maurya-ml3jl But Sam Walton didn’t 🤣When you buy toilet paper at Walmart you actually receive the roll. It doesn’t just disappear out of your hands……unlike SBF client’s Billions of dollars in deposits.
What you failed miserably to mention is that these billionaires you're referring to are -celebrity billionaires- This is a huge difference. In an actual business environment if you want to be taken seriously , you don't wear a T-shirt.
The funniest part is if you're a person who knows your clothing brands, you'd realize that those run down looking plain T-shirts are not literally $500-$4000 each
Pretty simple when you have enough money you realize it's pointless; Only to ultimately present a detrement to the consumer. It's not the fact they're trying to look poor, it's just our culture wants to buy the latest and greatest to "look wealthy." Why purchase wealth when you have it.
I once knew a millionaire. He once told me that money ruined his life. He told me that women only wanted him for his money and that men only wanted to be around him to do business with him. And his family expected to buy them all houses and cars. He told me that this is the reason why he drove a regular car.
Modern luxurious car were pain in ass to fix... that's why. A path of Frienship as millionaire getting bit narrower but It's not that hard if you're hanging out in the right spot.. That's description is the telltale the people around him who propose to do " business partnership" weren't equal in wealth and mindset (a polluted word by guru. I know, but it's accurate) family eh.. that's hard to say but sounds like my dad (formerly millionaire) as head of family need to exercise authority and a rather stern attitute..
I work with extremely rich and ultra-high net-worth people. First, it's not a good idea to let everyone know about your wealth, and there is also no need to show-off anything as they are already very established. I do know many ultra-rich people who do "peasant" things (like flying economy), but in generally most ultra-rich do enjoy wealthy lifestyle, but in private with other rich people.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years,
True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Having a counselor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.
8:41 I don't feel bad for those people; they're falling for those who want to "sell them success" but at the end of the day they never wanted to work hard for it, just make money.
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Try to use your natural voice, this pitch shifting narrator voice is a bit difficult
Ironic that you talk about grifting while attempting to sell useless supplements to your viewers.
Basically boils down to BULLSHIT lies for gullible people.
Most of the ethanol in the body is broken down in the liver by an enzyme called alcohol dehydrogenase (ADH), which transforms ethanol into a toxic compound called acetaldehyde (CH3CHO), a known carcinogen. However, acetaldehyde is generally short-lived; it is quickly broken down to a less toxic compound called acetate (CH3COO-) by another enzyme called aldehyde dehydrogenase (ALDH). Acetate then is broken down to carbon dioxide and water, mainly in tissues other than the liver
Not done in the gut …..
And the only one keeping it real is Elon.
“Get rich quick schemes are run by poor people pretending to be rich people pretending to be poor people” 😂😂 perfect 😂
Dude playing a dude disguised as another dude.
Is called exchanged for a reason
Exactly
🫵🤣 life so fukkin upside down…
The guy behind the guy behind the guy.
At my previous job the CEO called me greedy and egotistical when I wanted a raise from earning 10 bucks an hour. Claiming that I got more money than he did as he didn’t even take a salary from the company. But I could see that his car had 7000 dollar rims. Something I could never afford. He acted poor to not have his workers demand more.
I bet he was good at marketing
Hope you quit at that moment.
That's how he got rich, keeping you poor
Yep, he is a just a typical psychopathic CEO, who will lie, gaslight and manipulate others to gain power, he would pay you 1 cent per hour if he could find a way! CEO of a company not even earning 10 dollars an hour 😂😂😂
What kind of crack is he on thinking that any employee would believe that!
CEO? $10/hour? I don't think he was a CEO. Maybe business owner of a private company, but not a CEO. If you make $10/hour for a company with a CEO, you are never talking to that guy at all lol.
I remember seeing something claiming that Warren Buffet clips coupons and I couldn't help but laugh. What a ridiculous notion. If I was a billionaire, I wouldn't even buy my own groceries, let alone waste my time clipping coupons for them. What a load of horseshit.
Yeah, the only form of money saving people like Buffet do is not paying their taxes.
He likes to portray this "everyone's friendly grandpa" motif, but it's fake. He's ruthless. Watch his old videos from the 60s.
They'll say anything to keep the rest of us quiet and sedated about the terrible state of economic equality. If most people actually opened their fucking eyes to the obscene wealth these people have and how they attained it, "eat the rich" wouldn't be merely a slogan.
And they know it.
It’s that kind of thinking that keeps you and most people poor. Wealth is a MINDSET! Warren Buffet got to where he’s at by investing every single last dollar he could possibly save into undervalued companies, mainly Coca-Cola.
Had he blew his money on fancy cars, Yachts and women, he wouldn’t anywhere near as wealthy as he is today.
@@JohnSmith-gz5pm You are funny dude. hopefully you would be /are billionaire since you cracked the get billionaire code
Like Chris Rock said. If the general public really knew how rich these people are, there would be blood in the streets.
Isn't it crazy that there isn't? I mean most of the super rich are known, they have one of the biggest impact of climate change they are 0.1% and own 90%, they influence local, regional and even global politics and they decide how many crumbs are left for the "plebs"... Yet amazingly we celebrate them and applaude them
“I don’t see in religion evidence of the mystery of the incarnation, but rather the mystery of social order. Religion associates heaven with an idea of equality that keeps the rich from being massacred by the poor.”
@itsaaron6423 Yes that's what people who resent the ultra wealthy have a problem with: Illiquid assets of monstrous value that are sitting idle and providing little to no benefit to its owner or anyone else.
@@Evdath imagine saying that and not realizing you’re fighting for people to allow their envy to dominate them and control their lives.
What absolute folly.
@@mr.doctorcaptain1124 huh
Point 3 is important: saying the CEO gets paid 200x what the media worker does is too abstract for folks to really get worked up about. What’ll hit home is an example of the CEO spending the average worker’s annual salary on something frivolous.
Spot on. We live in an age where basically we have the world's richest people in history compared to the middle class and yet there are no revolutions or riots because while in the past kings and queens would show off their wealth, they now all "pretend" to look like the average person
That’s a really good point; the human brain was never really designed to think logarithmically
We desperately need a way to get people to understand how obscene it is that billionaires even exist. The plan is clearly to get AI to the point that it can replace humans entirely , finish extracting the last bit of wealth we have, and let our mass extinction reduce the population enough to mitigate climate change so they can live in luxury and peace
And maybe, instead of building rabid cults of personality around these people we could like, have a moment of self awareness and self preservation?
Exactly
That is exactly the story that they want you to believe. Work hard and you'll be rich. Unfortunately that is not how the world works. And regarding your comments on rich people not trying to look poor, look at how French kings dressed up 300 years ago and compare it to Bernard Arnault today, who is actually richer than they had ever been@AarushKumar-sf1vk
@AarushKumar-sf1vk"work hard enough" dont tell me you think thats how these people got to the top?
it’s not that hard to realize it’s not a good idea to make people envy you.
True, flaunting your wealth just places a target on you. Nothing to gain and everything to lose
@@oscard9429 Did you watch the intro? They're still flaunting their wealth with private jets, the best seats at every major sporting event, expensive restaurants, private islands, and designer clothing. The issue is that despite clear evidence of them living incredibly lavish lifestyles they're saying "Oh, I drive a cheap car, live in a modest home, and live my life like a normal dude."
@qty1315 they are virtue signaling. It's like the guy saying he will never cheat that doest even have a gf.
@@qty1315 yeah because making people envy you is not a great idea. rich people do rich people stuff.. it’s insane to think otherwise
@@oscard9429 exactly.. people are acting like it’s only the ultra wealthy. we all do this to some degree. People will envy you if you’re doing better, you don’t want to show that you are and enjoy it silently.
They don’t care about how they look, Being visibly wealthy can attract attention, both positive and negative. Some billionaires prefer to avoid unnecessary public scrutiny or judgments that may come with conspicuous displays of wealth. They only spend on things that yields returns for them
I want to build wealth and I’ve been trying to learn things like this. only spend when necessary, the economic downturn just doesn’t help matters
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
@@hankmarks69 Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and my advisor “Vivian Carol Gioia” enough for such an amazing way to make money!
Say this louder for the people in the back... "After a certain point, people can't improve their personal financial situation by being more frugal. They need to increase their income"
for real because being frugual, you’re depriving yourself and have less money to work with.
If I was rich and frugual, then I’d have more money and options to work with every month.
Usually yeah. However the spending problem of habit has vastly more issues than the earning problem does, which is a matter of focus. The former is a matter of impulse, which you should not be spending impulsively for.
That's usually why the saying comes up
@@broskibrewer2187 you’re right. It’s just discouraging when you’re already following that advice. Most people work hard and don’t get what’s due to them. It takes luck on top of working hard.
@@DirtSweatGears it definitely plays a role, but so is your unwavering commitment to becoming better. It does pay off, and you'll be glad you did it.
@@broskibrewer2187 People actually could substantially lower their costs with relatively minor lifestyle changes. A big one that people aren't really aware of is eating out regularly. If you are willing to make your own food, you will spend far less on groceries compared to eating out. The food will also typically be better for you as well. Even something like having a daily coffee at starbucks adds up quickly.
I'd say some really big ones though for especially poor people would be cigarettes, alcohol, lottery tickets, tattoos, etc. Basically, things that not only cost a lot of money but bring no real value to your life or possibly even detract from it.
The thing about income is there is only so much you can realistically increase this. You are only able to work so many hours per week without risk of burning out. Most jobs also pay relatively similarly until you get into high paying jobs that require a lot of formal education.
If I were a billionaire I'd definitely walk around in power armour.
fly*
Advanced power armor mk ii, please
Dollars for the dollar throne
Hell yeah
WHERE IS YOUR POWER ARMOR?
I remember reading about a French multimillionaire who was having financial difficulties successfully arguing in court that his Rolls Royce was a necessary business expense because he was selling luxury champagne and it was important for him to be able to sell that image.
i would be hard to sell luxury champagne if you show up to a business meeting driving a honda))
And???
Looking rich is part of his job
Not even wrong though. That's marketing expenses
He's actually not wrong. Presenting an image is incredibly important no matter who your selling to.
One of life's classic Ironies. Billionaires trying to live like Brokies & Brokies attempting to live like Billionaires
This is the honest to God truth. I've never seen people flaunt there "wealth" as much as people that have no wealth to begin with.
Fundamentally they all want the same thing: respect from others
"appear weak when you are strong, appear strong when you are weak. war is all decepticon, yadayadayadayada..."
You must not know and/or be around a lot of people with actual wealth because this "self comforting" way of thinking is a lie.
Is it trying to or pretending to?
I thought it was only a subset of billionaires, most notably the tech billionaires who do this. Probably because they consider themselves engineers and innovators first and foremost while they are also used to this lifestyle. Other billionaires like Russian oligarchs and Arab oil princes are indeed some of the most blinged out people on the planet.
Oligarchs and arab oil billionaires (no real difference) gained their wealth through political connections and do not have to fear popular discontent. Billionaires in democracies know we can tax or seize their wealth if we hate them enough. Oligarchs do not have this fear because their best buds (the ruler or local general)will stop it.
Consumers stay consumers. Do you have a friend who just go out and have fun all the time by spending and consuming? Well that guy if he gets rich he is going to do the same only in very luxurious high end style. Guys who just want to work and create doesn’t really care about the lavish things when they get super rich. Money amplifies who you are. It never changes you
@@cameronwixcey9692 the more important point is that their wealth is a symbol FOR the dictator in general. The wealth of these blinged out "oligarchs" (quotes since it also applies to other kinds of political nobility) is not their own, but rather on loan from the dictator, and them displaying it proudly is a big part of why they have it.
What does Putin have to gain by having somebody with a lot of wealth other than him? The image of success coming from their loyalty. Much like our billionaires like to sell the image of coming from poverty and pulling themselves up by their bootstraps to have people work hard for no gain, oligarchs earned their wealth through loyalty and instead of needing to seem humble with it, they need to show it off to entice others to maintain that sense of loyalty. They can simply sell the image that the reason they aren't oligarchs is because they aren't loyal enough, no need to sell them a bullshit idea like saving money and working hard matters when the purpose is to drive people to do things like join the military to fight and die in the wars. Dictators need large armies of loyal soldiers to control their populace and prevent foreign coups, so just like the knighting and squire systems of the middle ages, promoting loyalty is the game over there.
So the main accessory to their wealth is functionally different, their blatant glam is an important part of the wealth for them, while our billionaires here have to sell the image of capitalism being "fair and balanced" when it's not.
@@cameronwixcey9692there's also a lot of dirt that needs to not be dug back up, and keeping a good image helps with that.
Companies like Microsoft didn't become practical monopolies by being the best, or even by being basically adequate. They got there through backroom deals and government bribes.
I’d say celebrity is a big part of it too. Who’s the CEO of United Healthcare or Wells Fargo? Unless you’re an investor you probably have no idea.
Tech companies are much more identified with an individual, the visionary CEOs who was often a founder as well. Negative press coverage of the individual is bad for the company, so they have more of a reason to appear like normal folks who aren’t exploiting the system.
"You'd be surprised how much it costs to look this cheap!" - Dolly Parton
she means trampy not money cheap. she is a huge philanthropist as well. and she earned all her money.
I agree, but I laughed with her when I first heard that quote. @@ronblack7870
At least she’s honest
@@ronblack7870"earned"
@@appa609
She did actually earn her money. She worked for every penny and she's not as rich as she could be.
My freshman year college, a totally normal guy's parents showed up on parents weekend and brought him a brand new SUV as a gift, so we all realized that he was actually very wealthy, and then started noticing that his very normal looking clothes were incredibly tailored and absolutely never had any scuffs or stains.
I'd steal from him honestly.
Yeah, any hookup of his who managed to leave with one of his shirts was getting like an $80 shirt
A friend of a friend in college lived in a house his parents bought for him for the time he was in the city. Probably not a bad investment...might have sold it for a small profit. But, most people can't afford that, can't take that risk.
A young woman whose father was a doctor (my family doctor, actually) said to me, at another college, 'Just have your parents put a house in your name, get some friends to move in to pay rent...and by the time you're done of your degree you'll have house that's a few years paid off...' Yeah, my parents couldn't afford that risk.
Another young woman I met at a Joe job was complaining that the student loan people wouldn't give her anything. Another guy who had gone to college and I were listening. Her parents had outright bought a house in her name...something about avoiding taxes or something related. The other guy 'Well, that's why. You own a house...so they figure you don't need a loan for school like a lot of other students do...'
Conspicuous consumption
@@DaniZeAlmighty and this is why some people in college who come from super rich backgrounds out there gatekeep and hide their true wealth from others. Specifically from friends, acquaintances, and even strangers from doing bad stuff like stealing. It's hard to trust people these days anyway. Take your comment for example, it's one of a nasty thought but i bet you don't even care if you steal from rich people because you are THAT desperate and you're confident to even say it out loud. If I was your friend and even if i am not financially rich, i would still stay away from you. You're obviously dangerous with a potential to physically hurt others over some money.
I still love how no journalist in the history of fluff interviews has asked any of these billionaire chuds, “okay, if you live so modestly, why do you refuse to pay your fair share in taxes and spend millions in lobbying and anti-union drives?”
I think those billionaires didn't approved such questions and if they would ask anyway - interviews would be deleted and journalist won't find new job - simply.
Exactly!
It’s not their fault if you think they’re no paying fair tax, it is the government that is allowing it lawfully.
@@scalemodeltutor9841 it was lobbying from them and their mates that tax loopholes and a anti-union bills are passed. It is their fault that it is like this.
@@scalemodeltutor9841I don't think you read the whole thing.
And it works too! So many people fall for it and the whole “cult of personality” thing influences folks to even defend these billionaires.
People who enjoy their products also defend them.
People only have to defend billionaires because they are constantly attacked just for being successful
@@luisfilipe2023those are exactly the words someone would say if they are stuck in a cult of personality.
@@porkypine602 maybe it’s a good thing to be in a personally cult then
One doesn't need to fall under the spell of personality to see that some criticism against billionaires and wealthy people in general isn't very logical, and that people will find reasons to be mad at them regardless of how they conduct themselves.
Zuckerberg having a custom plain gray t shirt is just 😂
Those tshirts are $300 a pop
It does remind me of BoJo the Clown's carefully styled, professionally messed-up hair. A vital part of his affable everyman charisma.
@@vylbird8014and he went to all the top universities and got all the degrees and masters etc ends up being prime minister with a salary for life even after standing down. And we believe the act and think he is a bumbling idiot.
That is hilarious! Buying plain “designer” tee shirt the color of an old rag!
@@stachowistill cheaper than brand clothes tho
Happens in fashion too, why do you think ripped jeans exist ? Its to mimic the poor who actually had ripped jeans because thats all theu had. Dirty clothing has become a thing because working people who actually work have dirty clothes. The list goes on and on
That's also more of a general culture thing, culture tends to largely be produced by the working class and marginalized groups and then flows upwards and outwards from there. The richer you are the less in touch with normal people you are and thus you become unable to produce art and culture that the general population will like. You also start becoming so sheltered from the real world that your creativity dries up and you'll be surrounded by sycophants so you're unable to think critically about your own works.
I never got the point of ripped jeans, since the patterns they often use just make it look like you're bad at riding a motorbike 🏍
Not true ripped jeans its symbol for rebellion
i have dirty clothes because i actually work physically in my factory even though i have a dozen maintenance guys you can never have enough and few are star guys. so i always wear black jeans an black t shirt and black sweatshirt because i don't care to look good for anyone. i only wear a suit for funerals .
idk I like my ripped jeans with light washed up colors. theres a difference between ripped jeans from being poor and the ripped jeans I buy at the store. its like ripped well wtih a pattern
It's nice that someone is adressing this situation. I am tired to try to explain to people that everything that comes from billionaires is fake.
fr
The main reason for that probably has to do with most of it being generational money, they were born into it and never grew up poor so being flashy is all they know. Most billionaires in the US earned their wealth
@@TheRealMcCoy88 bruh... no billionaire has "earned" their stolen wealth
@@alexanderredhorse1297they earned it in the sense they have people voluntarily give their money for whatever product or service they offered. This is the conventional usage of the word earned. .
Yes once the company is already successful, new employees will produce more profit than get paid in wages. So there is some Marxian notion in which this is "theft," however I think it pretty clear in the standard usage that the CEO did earn their wealth, and even if you don't agree with the sentiment I'm sure you understand what is meant
For real, Teslas and Starlink are fake
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than
money saved, when you invest it gives
you the opportunity to increase your
financial worth.
It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent.
The wisest thing that should be on
everyone mind currently should be to
invest in different streams of income
that doesn't depend on government
paycheck, especially with the current
economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Even with the right technique and
assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Trading under the guidance of an expert is the best strategy for beginners.
Here's a tip, if a camera crew is always following you to show the "everyman" side. You probably trying to hard to look normal when you're not.
This will not be obvious for a lot, a lot of people.
It works. It works on so many people.
There’s also many people who don’t care that a millionaire is trying so hard. The fact that the millionaire is rich is all that matters to some folks.
Well they ain''t normal they're sociopathic hoarders with mentally ill ruthless tendencies that allows them to take advantage of others very easily.
Vogue recently had Jeff Bezos' gf on the cover and a laughable article about how normal they are. They talk about Bezos' giant underground clock, their ideas for the future of space travel, their personal helicopter, how they complete each other, etc. It doesn't try very hard to make them sound normal or even like the article wasn't bought, and the friends and family interviewed weren't coached on what to say. It's crazy to think anyone would believe they're just like everyone else from reading it, but I guess it works on some? I don't know how. It's like believing that woman's face is all natural.
Virtually all the millionaires I know in Ohio for all appearances look broke because most of them came from a life of poverty and they really just don't want to show anything off. I realized that this video is about billionaires but it's been my experience dealing with high net worth individuals in my community is they look very plain generally.
O-H
@@HowMoneyWorks IO
I guess old habits never die
see that sounds like bullshit, usually it's the old rich that's subtle about showing their wealth & the new rich flaunt it
maybe your millionaire friends are lying to you about coming from poverty, or maybe they're lying to themselves & their idea of poverty is their parents driving BMWs instead of Rolls Royces and their idea of self-made is going from millionaire to multi-millionaire? (that's certainly how Forbes defines "self-made")
@@You_are_wrong99 there are people who "ball out" when they get some money.
by the time you or i see them, they are no longer millionaires.
“If I was down to my last dollar, I'd spend it on public relations.” - Bill Gates
Well, Bill. I'm not going to say that a lot of people wouldn't like you to be in a position to test out that statement.
he'd have a few hundred million of credit after that
What he meant for that is spending it so the control of the public remains in his hands.
He meant if you can project an image of yourself that sells, that's where the last dollar is gambled in the hope of getting it all back. In short, truth is worthless.@@JanBanJoovi-ol1qv
Well, he got ripped off because he's like the most hated man on earth.
"Poor people, pretending to be rich people, pretending to be poor people."
That's the best description of most YT financial know-it-alls.
How ironically and funny right 😂🤣🤣💀.
Rich trying to look normal , normal trying to look rich , poor trying to look normal
The thing is, I’d rather these people spend their egregious wealth and have it actually flow into the economy than hoard it while we all pray to buy a house.
What if they cause inflation to rise?
@@lorenzomizushal3980 That's what Buffet does. Most of his "money" is invested in stocks.
“Horded” lmao I bet you think they just have a bank statement of $100 billion. Most of their net worth is STOCKS and if you really wanted them to sell it all, it would hurt most regular people
@@lorenzomizushal3980 they already do when they decide to charge more for no other reason than they can.
@@BundleofBugsif you could get paid more at work you would. Same thing 🤷🏼♂️ Just you’re selling labour and they’re selling products
00:04 Billionaires spend millions to look normal
01:30 Prominent business leaders often craft a folksy image to appeal to customers and investors.
02:56 Billionaires try to look 'poor' to attract investors and project frugality.
04:28 Rich people try to look normal as an effective sales tactic.
06:01 Billionaires try to appear relatable to boost their own companies and sell stuff.
07:32 Promoting relatable millionaires and billionaires in get-rich-quick courses can financially harm regular people.
08:56 Billionaires spend money on looking poor to maintain control over workers.
10:25 Private equity firms have a history of bankrupting companies and laying off workers for profit.
Please Tell me, that you do this under every Video hahaha. You gave me an idea
@@J-Pi I try 😂
"Why don't you have a Lamborghini man?"
"I don't have a particular need for one"
Then ending up burning customers' cash on a luxury place on the Bahamas for 0rgy, a private jet, and bribing Chinese government. He'll be locked up for life
AndrewTate said- never trust an uber rich guy who drives a honda, they are clearly scamming
@@CoolGobyFishdid you just quote Andrew Tate regarding scams? 😂😂 the irony
@@tigeryumyums9407 How is Tate a scammer?)) you is crazy
@@tigeryumyums9407 lol, I can't tell if he is trolling or just live under a rock.
@@CoolGobyFishthey just whatever media says. Media says tates are scam so must be.
Typical 🐑🐑
I think it's more to do with the fact that most material wealth doesn't make you special anymore. Having really nice clothes was a sign of wealth in the past. Nowadays, any middle class person can afford expensive clothes with a little bit of budgeting.
Yes! This is also a factor and a very important one at that. Accessibility has become easier with innovation and technology.
*middle class
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And going into credit card debt for appearances sake.
@@erickolb8581 Hypercars, private jets, mega mansions, yachts. year long luxurious and hedonistic vacations?
@@Yggdrasill8 and space yachts, because regular yachts are for poor people. According to the thieving liars.
Imagine being so rich that you have to convince people you’re not. It’s almost like being that rich is a bad thing…lol
For me being rich means not to worry about money.
Looking rich can make you very attractive but also attractive to the wrong kinds of attention.
Suddenly family, friends, spouses and strangers see you as a 💰, abductions become a real thread.
Being rich while people don't know about it, having the freedom to pursue passions and travel the world without worrying about constant power struggles, living a healthy life with friends and family you can trust is just a good way to live.
Since when was being rich a bad thing lol
@@aaronrodriguez1410 there’s rich and then there’s wealth hoarding
@@RobinLewisMakes I agree
Being rich in this world puts a huge target on your back, even if you are sligthly wealthy family members, "friends", neighbors and even spouses will want a free handout from time to time, and if you dont do it you are ostracized and villanized into oblivion, so its always better to hide your wealth and look like a bum.
I catch this a lot on the car side of TH-cam. You've got a lot of channels that present themselves as everyday down to earth car enthusiasts doing "fun builds" but when you really start paying attention to the videos its obvious that they come from some sort of generational wealth that's allowed them to buy all these elaborate vehicles. But they'll present themselves as just your car buddy up the street.
Man. Even after the cartubers? What did they do to you?
JR Garage
Car hobby is an expensive hobby
It's one thing to want to lay low on the streets where the threat of violence and theft is imminent; it's another thing (and I completely despise it) to come online and ride that trope to mislead your target audience. I'm on car Tok, and I noticed something similar; they'll say "you're not a real car guy if you don't work on your car" "think of all the money you'd save on your car if you worked on it", and I'm like 🙄 I don't have the time to start randomly learning expert-level mechanic things.
I remember going on the Mercedes Benz forum once, kinda wanting to dip my toe into working on my own car, and these dudes had whole technical design sheets for several parts of the car, including the engine. I was like 😳???? where did y'all even find these designs??? Aren't these proprietary??
To be fair, if you have it, you don’t need to show it off. Scammers aside, many wealthy people don’t feel the need to show it off because they ACTUALLY don’t care. They dress nice, because they can afford nice, but they don’t buy the most expensive thing *just* because it is the most expensive thing.
They actually care about their wealth, no need to show it off to the public, but they do it in private
Facts. They don't care what poor people think of them. They don't have to seek validation from others. The net worth statement is all they need.
That's me
Exactly
This is not true though. You only have to look at Yachts as an example.
I like how you showed people in a grocery store buying butter when you talked about poor people spending recklessly
Im from "oil" country, and butter is indeed expensive. I try to buy good, grassfed butter from nz (i forgot the brand), and holy shit the price is way above my usual palm oil.
And when i try to make omelete with it, holy shit the smell so milky. Im lactose intolerant, but i can drink cafe latte with fresh milk. That butter kinda wasted with me.
Zuckerberg is the kind of guy that would buy all the houses in his neighbourhood and have private military patrolling the streets with p90s and fence everything off with barbed wire. Then proceed to buy a private island with a nuclear proof bunker with minigun turrets that pop out of the ground.
All that, just to show to the world how much he is just a regular guy like any of us. What a great guy
Even before the social media era, this phenomenon existed among both the wealthy and everyday individuals. It's a common tendency: the affluent aim to appear less privileged, while those with fewer resources strive to present themselves as more prosperous than they truly are. I believe this trend persists across various age groups and social circles, where there's a limited range allowing individuals to authentically represent themselves. Beyond this narrow band, people tend to exhibit a desire to emulate the opposite end of the spectrum. Interestingly, the poor actually want to be rich but the rich don’t actually want to be poor 😅
😂
Having will be the ideal versus *not* having; unless it the hiv.
This was surprisingly more informative and eye-opening than I expected.
I think more so for Buffett than anyone else because the amount of how humble the oracle of Omaha stories are quite ridiculous
This was a complaint I heard about the minimalist movement, it was a bunch of well-to-do people who could afford to get rid of stuff because if they really needed that item again, they could just buy it whenever they wanted.
It's like Casinos paying out enough to keep people coming back. Wealthy people want everyday folks to believe they can be rich so they don't demand their elected officials raise their taxes, enforce their taxes, or regulate their political contributions or media influencing.
What happened to me when peoples know i had money is, the "friends" that thinks I didn't exist when im struggling now started trying to get in touch with me to borrow some money without even had an intention to return the money.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses.
@@carl.rankovic Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
@@iam_maryanne well said, mind disclosing info of your advisor please? I see no other way to maneuver steady profit and steer off losses in today's market affected by economic policies, hence I'm in line with seeking expertise assistance
@Johny-se8hk > I take guidance from 'Katherine Nance Dietz, a well qualified Montana-based wealth advisor with over two decades of experience, luckily her profile is widely visible on the internet, you should simply research.
@@iam_maryanne She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon..
I always thought it was a way of showing themselves to be above employees. As in, employees need to wear uniforms, suits etc but the boss can show up looking like Jeffrey Lebowski since he answers to none of us.
Democratic accountability. Democracy in the workplace!
@@WanderingExistenceLike shareholders......
@@ClarenceJBoddicker1987 Worker and community share holders. They're called "stakeholders".
@@WanderingExistenceSo shareholders with a cool new name.
@@ClarenceJBoddicker1987not really, share holders have a normal degree of separation from day to day activities or are removed from floor operations if they are the founders. It also often has concentrated rather than dispersed voting, ie there is not practical democracy if the founder owns 50% +1 of shares. Work place democratization has large amounts of power in the company from voting dispersed and no one person has extreme voting power. Most often no one person owns 10%+ of shares. Shares are also normally tied to workers and a requirement often is that to own shares you must work.
The focus and idea is to ensure that those working at the business have control over it and that no one person has extreme authority
I don't know any billionaires and if they are pulling a scam dressing down but my experience with poorer people, middle class, and millionaire class the more ostentatious they look and act the less likeable and more shallow they are to me. And the people that try to look rich but aren't have self esteem issues or are frauds. I retired 17 years ago at 46 and my money didn't and still doesn't go to showing off or trying to impress strangers. I look like someone you don't want rob.
Associations like that are exactly why they're spending so much money to look poor.
@@nealcassady-yn3bh you show off to your neighbor, but never show off to your employees or customers.
Why are y'all always so eager to tell us how self-proclaimededly humble y'all are? Isn't this the very showing-off y'all claim to be so above? No one gives a ... that you don't want to show off. Do with your money as you please, and let people do with theirs as they please as well!
Just further evidence that honesty is no longer a commodity in today's age.
Virtue is its own reward.
To be fair, there have been kidnapping attempts against Mr. Buffet before (armed with a chrome-plated replica of a .45 handgun, turned up at Buffett's office building in Omaha, Nebraska in 1987, and tried to kidnap him so they could hold him ransom). It's not fair to say that he's lying about the way he uses his wealth, because he doesn't HAVE to tell us about his security arrangements (no one walks around in the hood with a sign telling all the brothas that he's strapped).
All the rest though, are actively trying to give a false impression that they're poor LOL.
Yeah, it‘s totally not like most of these billionaires abuse their power and in turn undermine democracy...
I'm pretty sure you don't know what poor because owning is fully paid calling in a middle class house is obviously middle class
@@ericespinoza763 I live in a 3rd world country where roadside stores do their dishes in basins beside greywater drains, and where thieves get whipped, but OK, I don't know what poor is because I understand the law...
What is worse on a person's finances? A billionaire telling you to be frugal, or watching a billionaire have a shit ton of money and flaunting it in your face all of the time. If I was a billionaire, I would also publicly live frugally. Especially during struggling times
A billionaire lying to you.
Truth, however painful, is better than a soothing lie.
@@contentsdiffer5958 I don't really care what Billionaire's do with their lives or money as long as they leave me alone to live how I please.
I also don't get violently envious if someone has more stuff than I do. If I want something bad enough, I go and get it myself. So they can lie to me all they want because I'm barely even listening to them anyway.
Kardashian millionaires are worse on peoples finances cause they as influential celebrities set the trends. Kim for ex is why all these girls are now plastic faced boob/butt jobbed, gold digging, buying luxuries, and doing onlyfans.
Why would you live frugally if you don't need to be just to appease strangers view of you. Would you act homeless to make people with no house view you in a better light
@@jordanhtiffirg1990 it’s different if you are a billionaire. You have to look at it from their perspective.
Marie Antoinette was said to have reacted to the people of France’s suffering with the phrase “Let them eat cake” so they cut off her head.
If they act like they are just like everyone else and they keep their wealth quiet, there is less likely a chance that a revolution of the poor will take their head as well.
It’s like that Patrick Boyle guy. He ACTS like a regular Joe but we all know he’s filming his TH-cam videos from a studio on his 300-foot super yacht.
The biggest key takeaway that I have taken away from this channel is, if you want to be more financially successful make more money, if you want to make more money be worth more, to be worth more you have to have skills that are valued you can figure out the rest from there.
It’s similar to what Joe Rogan said in his latest podcast with The Rock: if you want to be happy, just be rich.
Once he said that, it all made sense to me.
I realized I had to be rich and it made me work harder and spend less time at home.
I’m still broke but any day now!! 🤞
@@steverogers7601 any day now your lottery numbers will hit big.
My Godfather was rich and did the same thing. No flashy cars and big houses. He lived simple.
he wasn't a billionaire, was he?
@@CoolGobyFish No.
@@1983jcheatthat sounds like the average millionaire. Those kind of guys don’t really fake anything and just drive old pickups. Though after studying them you can spot them after a while just off of how they dress and groom themselves.
5:20 to skip the ad
Whatifalthist has a great video where he explains how in the west, no one wants to admit they’re the ruling class. The ruling class go to great lengths to portray themselves as ordinary working class folks. The issue with this is that the ruling class and working class have entirely different roles in society. The ruling class’s job is to prepare themselves to make important decisions that will dictate the outcome of many people’s lives. However, since our ruling class is obsessed with seeming ordinary, they spend most of their time filling up their schedules with busy work, and thus are inadequately prepared to execute proper discernment in tough situations. Historically, the ruling class would spend most of their time studying, reading classical literature, philosophy, and strategizing.
Search about Narayan murthy , he is an indian tech billionaire, his PR game especially his wife's PR game is legendary.Sidenote he is also the Father in law of Rishi Sunak(UK Prime Minister)
The only billionaires that probably behave somewhat similarly to normal people in their day to day are the ones we know nothing about because they prefer a life of peace and quiet, without the need for constant megalomaniac ego stroking from the peasantry
you don't become a billionaire by being a normal person. most of them are psychopaths. they do enjoy ego stroking from the peasantry. Normal people that get uber rich, usually have the money taken away from them quickly.
having billions and sitting on your ass doing nothing is a net negative on the world that is just as bad.
From William Gibson’s Count Zero:
“And, for an instant, she stared directly into those soft blue eyes and knew, with an instinctive mammalian certainty, that the exceedingly rich were no longer even remotely human.”
Great quote, from a great trilogy.
The husband, I believe, of that miserable Blue Stocking Margaret Atwood. What a pair!
If a rich person shows how rich they are, they are cringe.
If a rich person shows how poor they are, they are also cringe.
Class envy in a nutshell.
Great video - we live in a society where the extreme hoarding of personal wealth has become ‘fashionable’ and what people look up to. Why? It’s disgusting that one person can even have so much money and leave so many people in the world with less than nothing.
That's simply how money works. If everyone had a lot of money, money would lose its value.
@@michaelballack3051 and my POV is that this system doesn’t work for everyone. How can it? Therefore, it relegates those without to a life of struggle and pain and provides an inequitable life for those who have more than they need.
What's even more stupid is that money's value comes from ease of exchange. So when a small number of people are hoarding money, it makes for less in circulation, which stagnates the ease of exchange. This is where the topic of velocity of money/currency comes in. Basically it has no value sitting in an account, because it's not functioning in the world. They are paving the way for a bleak future. The money won't afford services, when there isn't a foundation for services to be offered. Oh well, same old story
@@michaelballack3051It takes a lot more resources to train 1 person to produce the value of 10 people than to train 10 people to produce the value of 20.
That’s why getting fit enough to look good in a t-shirt is the new status symbol among the rich. (e.g. Bezos)
For middle class, luxury good is "rich"
For actually rich peaple they care about influence or power more than actual "luxuries"
Megalomania? Or just an endeavor to avoid being hit?
It is about immaterial
Poor people waste their money on cigarettes, beer, fast food, and clothes.
Middle class people spend their money on cars, boats, events, and electronics.
Rich people buy assets which increase in value and try to limit expenses to their business.
poor ppl WASTE their money on LUXURIES like food stamps, and bus tickets (dumb), rich people INVEST their money in INVESTMENTS like golf club memberships and private jets (smart)
@@JoJoJokerUnfortunately that "try to limit expenses" comes at the cost of the rest of us, often by lowering the buying power of our paychecks or by raising the barriers to entry as a potential future competitor.
SBF... I saw him right through and thank goodness I did not invest in his scam company.
For me it was when he "donated " millions to the democratic party.
He's a hardstuck Bronze League of Legends player.
It’s important to have a low profile
Sam bankrupted fired tried so hard he has actually made himself poor. Quite a commitment.
In Italy we've seen the same strategy employed by Gianni Agnelli, leader of FIAT, in the '80s. He was always seen driving through Turin in a Panda, one of the cheapest FIAT models back then
The guy was riding a panda bear 🐼?
@@uvwxyzero no, those were pretty much everywhere
So true! Wealth has no shortcuts, here are ways to acquire it..🔥
I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year.g
Elizabeth Greenhunts
get to her with the name
I have worked in many private country clubs all with extremely wealthy people. You would be surprised on how cheap some of them are. I think they feel like they should just get everything for free but I am not sure. Many I have been around you would never know how wealthy they are. They just want to be left alone, play golf, and talk with their friends on their off time.
That's how they got rich in the first place. Being frugal is what made them rich and that habit stays even after become one.
@@meeraj-4774 You're deluded. Rich people aren't rich because of frugality. Not going to a restaurant once or twice a month won't make you rich. Inheriting a several million dollar business will. You've been led to believe an insanely dishonest narrative.
@@meeraj-4774 you dont become rich by being frugal though. they still spend on a lot of money, but they spend it on investments. real frugal people dont spend on anything, not even on investments
@@meeraj-4774lmaoo you can save all the money you want, but you will never be as rich as them. Them being cheap is just them being greedy
@@Coco-chrispy not just saving investing from early on that which compounds their wealth.
I really appreciate the dedication in each video you post. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Desiree Madison focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
she often interacts on Telegrams, using the user below.
DesireeFX⭐
Simple, the reason why Billionaires try to be like normal people is because they want to blend in so robbers can't get them and also because wasting money on expensive stuff is immature and unprofessional, they don't want to waste their money on stupid things
Well it’s a stupid idea from them, because most of them have recognizable faces, so unless they wear a Halloween masks most people know when mark Zuckerberg walks down the street
So why are they compulsive hoarders?
@@frevazz3364 because they can be hoarders they buy whatever they want they have the $$$$
My favorite video of yours so far! I would love to see you take on these millionaire mindset gurus (Robbins,Tracy,Kiyosaki) now that all the evil and scams are finally getting exposed.
Robert Kiyosaki is a great guru
I love how you showed the hypocrisy when they say their humble talks about old cars etc with those photos of them surrounded with luxury :D 👌
although more calculative than hypocrisy
Tbh really well edited video in general
The bit about driving regular cars makes sense no matter how rich they are if they are the type to drive themselves, the most popular car among millionaires are the likes of Honda Civic no matter if they can easily afford supercars. They blend in, they are relatively comfortable and has decent standard of amenities and function but still simple and easy to use, cheap to drive, insure, crash and fast to repair. Many expensive supercars are actually uncomfortable, impractical and if something breaks it they fly the whole thing back to factory to fix. So even those who are into owning supercars still keeps a honda civic and drive that 90% of the time.
Yea, most supercars are in a garage as a collectibles or assets.
I love how while he said “spending recklessly” the video rolls some people simply buying groceries.
This is why when i wear nice clothing that looks good and functions good and take good care of myself people think I'm acting big because I don't cut corners or take the easy way out unlike most people
the "meta" problem is that, once a period of shortage kicks in, richer people have to use a justifiable story why their children eat and have clothes, and yours don't.
The wealthier in prior ages used the divine right of kings, hard work, God's blessing (or curse), morally upright behavior, Christianity (or Islam, or whatever), Greek culture (or Roman, or Chinese, or whatever), charitable giving, etc... the list of justifications is as extensive as the human imagination.
But in an age of government intervention in everything, well, what the government gives, the new government can take away. That nice house on the hill can be yours if you and your friends just get into positions of authority. "new boss, same as the old boss..." but all the pretty shiny things get new owners.
1. French Revolution , 2. honesty. Unless they grew up with estates, planes, and constant attendees, they don’t see themselves profoundly different from the rest of serious working professionals
“The rich stay rich by acting like the poor”
In short, billionaires know how gullible most people are
And How Money Works knows how guillible y'all are, smh
I like how Elon pretends to live in a tiny home.
idk, every video on this channel I watch just makes me think it should have been labeled why money doesn't work... ultimately though, having this knowledge is important to survival in this failing system and it's strangely interesting so keep up the awesome work.
It works, for the state and for capitalists... But not for most people.
If you own a smart phone, then money works for YOU
Are you one of the "final stage of capitalism" morons? Hate to break it to you but capitalism is awesome. Don't let some slack jawed twit tell you otherwise.
@@CharlieKellyEsqI am so sick and tired of the old "smartphone = capitalism good " argument. it's dead and has no actual bearing since a vast majority of the technological advances we enjoy today were originally funded in the public sector then sent to the private sector so a few people could get rich off of it when the government stopped caring. Even the internet we use today has its origins in government partnerships with public universities. Is human life truely so meaningless that we can put a price tag on whether or not any one life is allowed to continue because that's the base question of capitalism. how much is living worth to you?
@@CharlieKellyEsq Do you think smartphones are like magic amulets that you protect you against everything bad?
So it's like when rich drugdealers pretend to be very poor to make people willing to pay them more?
Here in my country whenever you flex its like you're practically inviting burglars and extortionists to your house for a party
More people need to see this video so financial influencers can’t have so much ammo
_Putting Sam Bankman-Fried on the thumbnail, was pure first class irony..._
I think out of all of these only Warren Buffet legitimately can claim not to flaunt his billions. He may have started this trend of looking normal and just being a billionaire. Hes too old to gaf about Lambos and mansions. But i can almost guarantee he enjoys looking at the number he has in his accounts. The others attempt to make their schemes by trying to play the Buffet role.
pretty sure he does own mansions and expensive cars, he just doesn't talk about them.
@@CoolGobyFish owning vs flaunting? Are two different things. He's probably the most famous "humble billionaire" because he started the trend. I'm sure he owns very nice real estate, but he's never been one to be a big car guy. If all he drives is a stock Mercedes? still better than most. The man is old as dirt anyway so I doubt he even drives anymore.
@@NoNo-ng9sl he doesn't faunt it on camera, thats for sure. but he sure as hell doesn't clip coupons or live in that small house (i am sure he visits it).
And how is that a good thing? Making money for the sake of making money has no meaning. What happened to trickle down economics? If they are not spending their money into circulation while also paying as less tax as possible, how is that affecting the economy?
This is the largely-Asian practice of having a large inner court and a plain exterior, so no one gets envious and kills you.
For the most part in America this is more influenced from French revolution ideals, the collectivism of Asian cultures is more at play. In France it was the general populace killing nobility, where assassinations in Asian countries are usually "nobility-nobility"
Native asian here.. Heh, that's a minority who doesn't care how their house looks, but I knew few.. still got a telltale sign their outdoor shoe box and what's inside and the new car that coasting more than that junk house were an unnoticeable contrast
@MaseraSteve I'm talking more about the old cultural practice. 😅
@@auraguard0212 ah.. that's what you're referring to. Yeah, my father always told me that too. but their reasoning is simply neighborhood, thief and taxes.. oo thing never change 🤣 but seriously to this day there's still a gen x adopting their parent way of "hiding" thru a rough looking house owned by riches they always got a shoe shelt and it always a nice and branded one..
hey how money works guy, how are you doing? You've being pumping videos nowdays and without losing quality, impressive, very nice
Thanks for that. I have an video editor now and Sam does the writing for me on How History Works.
Sam still has people convinced he wasn’t “Greedy” and just wanted to steal the money to do good. Go look at the fluff piece 60 minutes did on him. 😂😂😂😂😂
What do you think of Sam Walton? Was he doing the same things?
You are really comparing SBF and Sam Walton?
@@Maurya-ml3jl You’re a perfect example of what I’m talking about 😂
@@lakeconroehouse , why Sam Walton
couldn't have done the same thing?
@@Maurya-ml3jl But Sam Walton didn’t 🤣When you buy toilet paper at Walmart you actually receive the roll. It doesn’t just disappear out of your hands……unlike SBF client’s Billions of dollars in deposits.
What you failed miserably to mention is that these billionaires you're referring to are -celebrity billionaires- This is a huge difference. In an actual business environment if you want to be taken seriously , you don't wear a T-shirt.
The funniest part is if you're a person who knows your clothing brands, you'd realize that those run down looking plain T-shirts are not literally $500-$4000 each
Pretty simple when you have enough money you realize it's pointless; Only to ultimately present a detrement to the consumer. It's not the fact they're trying to look poor, it's just our culture wants to buy the latest and greatest to "look wealthy." Why purchase wealth when you have it.
I noticed that there were no rich women who went around looking humble.
How many female billionaires can you name?
@@appa609 Well dude there's Opera for starters, but i see your point.
Because a woman’s perceived value IS based on how well she presents herself to the world.
I once knew a millionaire. He once told me that money ruined his life. He told me that women only wanted him for his money and that men only wanted to be around him to do business with him. And his family expected to buy them all houses and cars. He told me that this is the reason why he drove a regular car.
Modern luxurious car were pain in ass to fix... that's why. A path of Frienship as millionaire getting bit narrower but It's not that hard if you're hanging out in the right spot..
That's description is the telltale the people around him who propose to do " business partnership" weren't equal in wealth and mindset (a polluted word by guru. I know, but it's accurate)
family eh.. that's hard to say but sounds like my dad (formerly millionaire) as head of family need to exercise authority and a rather stern attitute..
BS, he is really broke
Warren Buffet ain’t even trying lol man just loves his McDonalds.
I work with extremely rich and ultra-high net-worth people.
First, it's not a good idea to let everyone know about your wealth, and there is also no need to show-off anything as they are already very established. I do know many ultra-rich people who do "peasant" things (like flying economy), but in generally most ultra-rich do enjoy wealthy lifestyle, but in private with other rich people.
You wear/drive anything nice and you’re immediately at risk of getting robbed or worse at least in the US.
THIS!
An equinox I paid cash for got nailed on the highway. I pretend I can't afford to fix the dents so I blend in with the poors.
Same here!!
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years,
True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
Having a counselor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.
Thank you for this amazing tip. I verified her and booked a session with her. She seems Proficient.
You have luxury, but don't let the world know it
Don't be relatable to people, but show you are relatable
Pitchforks are sharp
Elon Musk immediately came to mind
Ive never seen a more awkward blunt smoke in my life 😂
8:41 I don't feel bad for those people; they're falling for those who want to "sell them success" but at the end of the day they never wanted to work hard for it, just make money.
that "warren buffett's wife complaining about $4 coffee" shit made me groan