Some people don't even know where to start though so start with the videos and get ideas and inspiration and then go do one thing that day. Just change one Behavior a day.
@Audio I know. Big reason I took early retirement from social work. My supervisor always told me I worked harder than my clients and that wasn't right....well....I'd have to be in a coma not to work harder than most of them. There were a few exceptions but not enough to keep me going. I did burn myself out but was close enough to retirement that I just did that and now do other things to supplement my small pension.
@Eritrea Shabiyaጝሕ EPLF I don't know if you were talking to me or what but how I did it, with 4 kids and a single parent for several years is just live beneath my means. No matter what I brought in, I didn't spend it all. I took advantage of every program available. For a while I was even homeless and found an old rooming house in a small town for us to live in. It was cheap enough that I saved enough money for a down payment on a house with a program for first time home owner's. We ate whatever was on sale and in the markdown bin. I was able to get commodities for free (you know that gov cheese and peanut butter and other items) but couldn't get foodstamps because I had a decent job. Well I think it paid $18 an hour but in the 80's that was pretty good. My kids all did whatever they could to earn money too and didn't ask for anything they didn't need. When we went school shopping for clothes we went to thrift stores. Now thrifting is considered cool. Then when I did remarry I was WAY smarter than the first time around. I married a responsible man with a good job so after that it was easy. I know people who make a lot of money and spend every dime of it. Driving new cars is one thing that will keep you broke. I still pay cash for cheap reliable cars (it's not cheap if it keeps breaking down) and then drive it till the wheels fall off, often selling it for more than I paid. Oh and one other thing I did that I forgot to mention. My first husband declared bankruptcy right after he left and filed for divorce and I was left with all our bills. In the divorce they were cut in half but I ended up with all the debt. I called every one of the creditors and explained what happened and they all took pennies on the dollar. They figured getting anything was better than nothing. It's not what you make, it's what you spend. I know people who can't pay their bills who smoke and get tattoos. I don't feel sorry for people like that.
Sophie Gist many times the reason someone is in poverty is spending habits. Obviously, both have to recognize their bad habits and change. It may be harder to change two people’s habits than just one.
What people in poverty need to do is stop listening to people like DAVE RAMSEY when they shame you for living with parents while being a grown man. It's 2019 not 1960 you can't live comfortably off minimum wage. Thanks to living with my grandparents I only pay $200 for rent and have saved 80K in 3.5 years. It's feels great going through life never being in debt and not having to pay rent.
@@ClearOutSamskaras I'm going to make this short because I talk about this all the time. As a parent you're suppose to support your children. The reason I'm building now is because I want my children/grandchildren to have it good whenever they come into this world. I'll teach my children the importance of money by talking and teaching not charging them rent.
I'm selling my home and moving back to another home that is paid off. Soon I will be able yo get out of debt and retire by 50 ..thanks for all your valuable advise...💜❤😄
@@NomadBlack For good or bad?? I'm doing airbnb right now, have for 6 years, and it's really helped me financially. I would do uber too but live too far out in the boonies. Are you saying airbnb and uber are taking jobs away from other people? I could see that argument being made. For me it was either downsize when my kids grew up and left home, or rent out most of my house. I chose renting it out so I do have room when my kids and grandkids come home.
My husband came from poverty and is now living very comfortably because of his ability and desire to learn. I came from a middle class family with parents who taught me about personal finances. My husband and I have had many conversations about "common sense" finance topics that I just knew, but that he had to learn. Education is really the key factor in getting out of poverty. People have to desire to learn and rise out of that situation. It can definitely be done, but unfortunately, few choose to do it. Great video as always!
That's the point. BTB says that coming out from poverty depends on education, intelligence... But it really depends on the education and conditioning you received from your family. For ex., when seeing a rich person in a luxury car, your father says:"that daddy's boy didn't earn it and his father must be a crook". This creates prejudices that will prevent you from being rich because unconsciously you'll feel to go against your father and you don't want him to think you are a crook.
This is really good advice. It is possible to lift yourself out of poverty. I did it! My husband left me and our four kids and we had nothing but a lot of bills. He had even taken out a lien on my vehicle that I didn't know about. I wanted to sell it and get something more economical to drive and that is when I found out about the loan he had taken out. He also declared bankruptcy and left me with all the bills. I called everyone single one of them and most settled for pennies on the dollar. They were happy to get something. I took government aid and it was a short term thing. For one thing in our state if you own anything, a house or a car that has any value, you can't get most aid. You can get some aid like help with utilities etc. I got everything I could and that was back in the days of food stamps. I would drive a few miles out of my neighborhood to shop, hoping to see no one I knew. Anyway, if I can do it with four kids, anyone can do it. This was also before the days of child support enforcement and it took me years to get any child support. I really liked the point about paying NO FEES. I'm still that way. I something has a fee, I don't use it. I see people standing in line at Albertsons paying their bills with moneygram. That adds so much expense to your bills! There are other free ways of paying your bills. Also find out where your salvage grocer's are and you can save a ton on your grocery bill. That is expired and dented cans etc. Also don't be afraid to apply for expensive colleges if you are poor. The less money you have, the more your financial aid will be.
@@colorsofavon934 They are everywhere. I found one for my daughter i Lincoln, NE by just googling salvage grocer. The one in my area is called Mr Thrifty. That is a chain salvage grocer but even small towns will have them where someone buys pallets of food and sets up a store. If there isn't one close by, start one! I know a family with little resources who started one out of their house and grew to the point to point where they could rent a space. They are making good money.
Thank you for your thoughtful comment. Coming from someone that actually did it, I really think this will help others who read it. I think FoodMaxx in northern California is considered a salvaged grocer. They usually stock produce that are about to expire. My experience is you have to eat it within a few days as opposed to a week at normal grocery stores.
Lol you are only giving advice to stay poor in my opinion.... Getting a student loan will not get you out of poverty.... It has taken me a while but I could write a book about what it really takes.
Lower your burn rate. 1) Drink tap water instead of bottled ones 2) Make your own coffee 3) Cook at home more 4) Drive less, try to combine errands in one trip .....
My trick was: be born in middle class family -> mom pays for my studies -> use masters degree to get a well-paying job at my aunt's company through nepotism -> pretend I did it all by myself.
Its alot easier said than done when you have a large family to feed and a spouse with medical conditions.. But there is always a way out of the poverty hole even though.. LOVE your videos BTW..!
The medical condition part will be extremely hard if someone's body already fell into that state from eating the unhealthy things near lower income areas.
The Magic Taco me and my mom got out of poverty by using the old fashion envelope method. Today was my first day filling up my envelopes. Its exciting and I feel like ive made a huge accomplishment just from making the envelopes
My parents were dirt poor immigrants to the USA and were always making low income until they saved up enough to open a little nail salon. The salon did well for some years until my mom's health failed which ended up costing a ton of fortune and the salon had to close and my mom stopped working. My dad continued on with his low wage job working at a factory. He was never late to his work, never called in sick or took a vacation. I remember they actually forced him to use up all his vacations this one year. We were a family of six. To date, my parents were able to pay off a small house, both retired, living on a small amount of my dad's retirement savings, eating from their backyard garden and claiming themselves as plant based for health and to save money. My siblings and I were able to enter the workforce with good jobs and we help support my parents if needed but they seem to do well enough for themselves. It is doable. But then again times are different now with rising cost of living.
@Sir Lancelot To be honest, not having a kid has nothing to do with finances. Its more that I don't like children and crying babies annoy me to no end:)
Sir Lancelot I’m just thinking about would could be with two people agreeing to a common goal, I know in reality this serves as being difficult if not impossible to find a lady to want that life! ......But the more people you have involved wanting not to be in poverty the more likely you’ll get out of being broke faster or never be in poverty.
The advice you offered in the past year has really helped me. I need to keep working on this. Sometimes I get so discouraged. Your upbeat voice helps to cheer me on.
The problem is the welfare system doesn't encourage you to work. If you earn somewhere between $10-$15 (approximately, don't remember the exact numbers) per hour, you lose most government assistance all of a sudden. Yet you don't earn enough to support yourself and your family. It's easier for people to just not work and receive government assistance. I remember when my family first came to the US 10 years ago, my parents had no job. They got medicaid. Doctors would prescribe them with stuff like pillows and knee sleeves that they didn't really need (for free). They even got a free MetroCard for each trip to the doctor's office. A short time later, they found jobs and have been working since. Now they make $50k combined, which is not a lot in NYC at all. Yet they had to pay over $600 per month for a high-deductible medical coverage. They don't see a doctor unless it's an absolute emergency. My parents were among the few that would rather work than receiving government assistance. Most people in their circle would either not work at all or work very little so they can keep their government assistance.
@The Real Issues I'm not sure if NYS is the same since my parents were only on Medicaid for a short period, and it was 10 years ago. But even if this is true, there are still ways to get around the system such as working a smaller number of hours to maintain government assistance, one person of the family working a cash job so the household income remains low enough to qualify for government assistance, etc. There are just way too many loopholes in the system.
@@taylorbuehner6578 I do believe there are people who are truly in need of government assistance. The system should be designed in a way that as people work more, the amount of benefit they receive from the government decrease gradually, but at a rate slower than their pay increase. That way, the more they work, the more they net. The reality is there's a cutoff line. If you earn a little more, you get no assistance at all.
That’s so true. I went from receiving rent and food money with my parents to getting no money. All because we got a little raise to our income. Also I should have took out a loan to go to school. I hate owing people but working and schooling was almost impossible. Would have been easier to get student loan and not worry about school bills for the time being.
I agree. Dave Ramsey advises NO credit cards, just a debit card. I make money off my cards. He is right that most people don't have the discipline to use them right though, I get his point!
@@grannygoes7882 I'm in the same camp too. I love Ramsey, but he is right that most people don't have the discipline to use them properly. I feel like the people that he has on his show sees credit cards as more money to spend.
So stressful being bullied, I have lost a job I was really good at and I was working my up, because I didn't have the strategies to deal with bullying. I'm scared to go back to work.
@@hoganmyra1 go talk to a lawyer, maybe they can do some pro Bono work and get a recording pen to record the incident. Bullying in the workplace is not acceptable.
I am so happy for myself that due to my past hardships I realized I should pay cash for the mobile home I bought 4 years ago. Now as the house has been needing repair and my car I've had to swallow my pride and reach out for economic assistance.I was making $1,700 a month and could not catch up on bills I was past due on. but now I'm on prepay for electric so I have to be mindful about my electrical usage and lowered the bill . I got my Internet bill lowered to a promotional deal and I'm walking and taking Lyft while my house is up for sale. With the sale of my house I can get a better car and start over. community help turn my gas back on City Planning and development came out and repaired my electric.
I think a big thing too is the knowledge piece. If you’re financially illiterate, or financially broke, at level 0 or negative on the finance ladder, whatever you want to call it, having that moment where you self reflect and say to yourself, “I’m complaining about being poor all the time, so I need to fix this by educating myself.” So, how does one educate themselves in a subject? For me it was to throw myself head first into Finance, Investing, Budgeting, Saving, and anything similar that follows. Finance TH-cam channels, finance podcasts, finance books, financial mentors, simply by educating yourself and immersing yourself into the knowledge of this subject, it almost makes it impossible to continue to remain so poor because you get so much information on how to take action in multiple ways in your life. Change your mindset about being poor, and learn to think like the wealthy because that wealth follows soon after you change your mindset and start to take action.
You are amazing, this is your mission in life. Teaching people to have a better life by handling their money appropriately and making more when needed.
Great video! I like the fact that you approach using food assistance as a strategy for money management and not just taking free handouts and living off of the state.
I whole heatedly agree. I see a lot of waste around me. People who are in poverty often have a mindset of staying in poverty and sometimes, they can't even help it. It's unconscious and they might not even be aware of it cause that's the lifestyle they've always known. For instance, I have a friend who was constantly unemployed. She lives at home and is supported by her family. When she did get a job, the money went to eating out, expensive hair salon appointments, and shopping. It was in the moment mindset for her. She focused on immediate needs and it seem to never cross her mind to save money. It runs in her family though so it's all she's ever known. I think if someone is aware of themselves and aware of the possibility their situation can change and combined with productive actions, they can climb themselves out of poverty. Also I like how you provide free government resources.
I really appreciate how you said all of this. And some of the tips I will be applying to my life now. You are right about saving money even if it is just a little at a time. I need to be more serious about this whole issue, as I am wanting out of this mess and to do better overall. I want to be the best I can be.
The only program I qualify for is Medicaid and I feel guilty about it. I have huge medical debt from complications of an illness, and I will be paying for it for the next 20 or so years out of pocket. Due to my health, without Medicaid I wouldn’t be able to afford medical care at all. This is why I hope there are changes in the health system where everyone pays in and everyone gets the help they need. If it weren’t for my illness I’d still be financially independent. I don’t like feeling like a freeloader, although I know through taxes I have and still do pay into Medicaid. Thanks for the video!
If you paid for it through taxes, you're not freeloading. You're reaping the benefits of a lifetime well spent as a contributing member of society. Medical costs are astronomical in some cases, not even millionaires can reasonably pay them out of pocket. So feeling bad about being on Medicaid is a waste of time.
I heard something the other day: “Try to only use old money.” Meaning try to not live paycheck to paycheck. Save some to use for later. Try not to use new money.
Thank you so much for making this video I'm already doing some of the things that you mentioned in the video but I learned a lot from this video so I can add it to my regiment to help me be better in life I'm also going to share this with my Facebook to my friends and family continue to have a blessed day
The library is great tip! We use that a lot and our library has a really fun kids floor. We're getting out of debt, slowly but surely. House, cars, student loans, credit cards total about 85k right now. When we started less than a year ago, it was around 112k. We definitely follow most of the tips you mentioned. We're lower income, in the midwest. We make about 85k per year and have 7 kids. Yes 7. 3 were his, 4 were mine. We both have a set of twins. If we can do it so can you!
After tracking my expenses (every single dollar) for almost three years, I'd say most people waste a hell of a lot of money on food and groceries. It's just shocking how it adds up and, as you say, it's processed food products which is where it mostly goes. Learn to cook, people - it's so much fun, healthier and WAY more delicious. Terrific, thoughtful video BTB.
My food is usually rice, hotdogs, and vitamin pill. 2 eggs for breakfast. Sometimes, ramen and beanie weenies. I fry my own potato chips real cheap. I recently added some bagels and fish oil supplement. I really should add fiber to my diet, but don't know a cheap source for it.
simpletongeek Canned beans, chickpeas. Fresh fruit and/or vegies. I'd dump the hotdogs - even though they're cheap they're just loaded with salt and lord knows what gristley bits from animal carcasses. Good luck - keep going!
The whole time you were talking about checking out DVDs from the library instead of going to the movie theater all I could think about was Avengers Endgame. I can't wait to see that, I'd be spoiled long before it ever came out on DVD. Plus everyone in the theaters that night will be so excited and I wouldn't want to miss that experience. But I get your point!
Good information. These basic steps are things I used to improve myself and my financial situation. Once you start being more frugal, you see opportunities to save money and then pay increases are less likely to go down the drain.
I heard that sometimes individuals avoid using bank accounts because they are subject to withholding of some kind. If they have a checking in their name, the IRS or another agency might swoop on the cash in the account. Is this true?
Yes it is true. Unfortunately it is short lived strategy. Some jobs require you to have a bank account because they only pay via direct deposit. Also your creditors will find your job and garnish your wages at source
But what do I do if I have a chronic illness? I was diagnosed with crohn's at 16, so before I was even an adult, I was gimped with medical bills. I have to get an expensive infusion every 8 weeks.
I agree with a lot of your videos, but the one caveat is you're assuming everyone is healthy. Medical issues/bills/limitations can be devastating to fiscal plans/goals. Even for smart people not being able do certain activities due to physical limitation severely hinders your ability to be upwardly mobile.
A lot of people are healthier than they realize. I was eligible for disability because of my crohn's but I kept working instead. So many illnesses get worse when people stay home and isolate themselves. I've seen people get on disability and the first thing that happens is their weight balloons up to the point they can't do anything. i encourage people to do as much as they think is possible and then push a little more. To not do that is to go backwards.
@@grannygoes7882 Maybe. It's a fine line though. I have a heart condition and if I push myself to hard (which sometimes I e because it's just my personality I wanna get things done desire the risks) I pay for it with really bad chest pain and risk of heart attack and borderline can't do anything while I recover. So it's a balance. And I've applied for disability and never got it even though I have a diagnosed condition. So disability is hard to get.
Another good way to make what I call "free money" is to dumpster dive and resell on ebay. Also if you film your experiences and put on youtube, you'll get money from youtube. People love watching that for some reason. I have a free box at a second hand store in my town where I find new things all the time. Often I find money in pockets of free clothes. My dad is old school and he said I should write a book "how to live on nothing." I should vlog about it but that's one thing I haven't tried yet. I should though as there are many people doing it successfully. I appreciate btb and his research. Lot of vloggers just winging it and wasting a lot of time. Theirs and yours.
The reason I think it's interesting is because it makes America seem like its streets are paved in gold, its wonderful to see how "money is everywhere, yet most people are to lazy to go out and get it."
@@atlast8689 that's right anybody could do what I do. I had someone criticize me for it and said I was taking things away from the poor and I said lady I am the poor that's why I'm out here doing this.
I just never got into the dumpster dive thing, maybe it's my pride getting in the way. Or maybe I feel it's a bit dirty. Just not my cup of tea. I think depending on the city, the streets are paved in half pennies. You can find random stuff sometimes that is valuable because many just lose things from having too much they overflow. Oh.. in terms of the stuff could be left for other less fortunate to dumpster dive? Some people have said the same for recycling your own cans.
I think it's called Undercover Millionaire, this is the one i found a while back, didn't watch it. th-cam.com/video/1uWMbmwyj3g/w-d-xo.html I don't know if this is what Btb is talking about.
T-Rex has won back the chair! Looks like IceBat's not faring so well though. And are the Peas sulking? They have their pod turned to the camera. Couch community battles aside, good video. Lots of practical information there. I think the key point you made though, is to use even the tiniest bits of savings to your advantage and just keep persevering at it.
Unless you are a huge investor, it seems like a waste of time. Non-public companies tend to be more opaque in information and so you will be at a slight disadvantage.
speaking of the movies you could also go on discount day, instead of the weekend when its full price. or costco has discount movie tickets sold in pairs.
I really like your videos but your comment on using a bank account for cashing checks overlooks a big problem for people with low incomes and that is that they are often excluded from banking. Your comment made it sound so simple to just get a bank account, like it is just a matter of getting to the bank once. You mentioned that you've seen people lined up in check cashing places that have all these fees. Why would people use such services when there are banks??? In my experience the answer is usually not that a bank is too far away, but that no banks will let them open an account. There is a kind of bank blacklist where if you bounce too many checks or have too many overdrafts and don't pay the fees so you get too much of a negative balance, banks close your account and report you to an agency that all banks check when you try to open an account. It's called ChexSystems. Once you're in the database you are at a huge disadvantage because check cashing places know you have few options so they can charge really high fees. It's kind of like how being homeless (without a job) makes it hard to stop being homeless because to get a job you need an address, clean clothes, and a place to shower. Being poor is expensive and can be a vicious cycle. It's not completely hopeless though. Some banks and credit unions offer "second chance" bank accounts for people with ChexSystems records (however, these bank accounts again have fees). www.nerdwallet.com/blog/banking/blacklisted-by-chexsystems-what-to-know/
I suggest if you are in poverty to try to relocate to another state. You may be able to land a higher paying job. You can also contact your local college continuing education department and enroll in a short term training program. You can also learn entrepreneur skills from sites like udemy and skill share to learn work skills in computers, marketing and graphic arts.
0:05 just noting that the Federal poverty level for one person is $12k (not $24k), two people $16k (not $48k). I understand your limits might be used based off qualifying for CA food assistance program.
You really want to know if you qualify for it or not and it's higher than most people would think. I think they do use the federal poverty level for other metrics so it is an important number.
BTB do you offer any form of counseling or consultation? While I am generally in a good situation (no debt and monthly payments are very low) though I am still wondering exactly how to move forward given my circumstances
How rich or how poor you are is not a choice. It doesn't depend on intelligence, education or knowledge. It is scripted in everyone in the unconscious. It depends for the biggest part on the way you've been raised by your family and for a smaller part on the environment beyond family. I know people (including myself) who gathered a lot of money by working and then, in one way or another, lost the money because the internal thermometer of how rich you allow yourself to be cannot be easily changed. It's about working on one's conditioning received during childhood about how good or bad is to have money.
Many people in poverty would rather piss and moan and blame the government or some politician. Take responsibility for your actions and understand change doesn't happen over night. It can take years or sometimes decades to go from poor to middle class or upper middle class. Don't buy alcohol, tobacco, drugs or lottery tickets. Be consistent and keep believing and hang around positive people who are going in the same direction as you.
Wait, sorry - I'm a little confused and I just need clarification with the numbers in the beginning of this video. Where you mentioned, "This video is intended for people who make 24,000 dollars a year or less per person in the household". When I looked up the poverty levels thresholds in California (which I'm going to assume you meant because we live in California) it says, generally, "about $24,300 per year for a family of four". So, if I make more than 20,000 a year in California (I know its not alot), would that mean I'm not in the poverty levels for California (since I'm counting myself as one). Sorry, maybe I'm getting confused somewhere. If anyone can help out, I'd love to see comments. I think I read that the poverty threshold for one person in the US is 11,000+ (2015).
Hey that's a video idea for you! You could do a social experiment similar to what you mentioned where you start off with nothing in a different location, and then go off and make something better for yourself. You have the intelligence and financial know-how to pull it off, I think it would be uplifting to a lot of people out there if you showed them how it's done!
2,000 a month is still rich...nomatter. I am debt free ,but just barely make rent. I don't vape, smoke, do drugs, or drink.I eat healthy. I ride the bus, and walk.
I was living in California and almost homeless I had $11k credit card debt. I had no savings I had rent. I moved to Texas. Now I own my own home paid off. Now I have zero debt. Now I have big savings Now I feel rich
Look at everything you buy as time you have to be at work. It will make you put it back. I'd rather spend my time in my garden and gaining a return on my investment. Literally.
Well by my own personal experience I have saved so much more money since discovering your videos a few years ago . Plus you also helped me change the brake pads Lexus GS recently as I remembered your Porsche video on brake pads and using adjustable wrench . So needless to say thank you so much Beat the Bush for being awesome . Joel 😉
BTB, I've been following you for awhile and I really like you & your advice. I find it very interesting that your idea of poverty is $2K per month net income. There's so many assumptions you've made without experiential knowledge of the hoops/obstacles to implementation. Sure you went online and did a little research on various programs; yet IRL - depending how a state chooses to disburse government funds for those programs, it's simply not that easy or cut/dry. I wish I could sit down with you to have a heart-to-heart in depth chat about how things really are. If I could possibly impress upon you that there are so many more people who work, scraping by on less than $1K/month, with some of them struggling to raise their income up to $800/month, who live very frugally, no credit card debt, without engaging in any of those activities you mentioned. There's so much more involved in trying to get help that makes the process overwhelming You're young, strong, good-looking, well-educated and able to take for granted the assumption you'd quickly be able to bounce back, if some financial catastrophe happened. There are multitudes of highly-educated homeless and near-homeless folks struggling to survive who fall through the cracks of public help. I hope for your sake that nothing bad happens to you so you won't ever have to test your theory and get caught in the trap of the "system." I'm not saying it's impossible to bounce back but it's certainly not as quick, easy or simple as you make it sound.
highly educated homeless people probably have big problems such as mental illness. or they are highly educated and low skilled. nevertheless, today, a highly educated person would be better off using the internet to sell their knowledge. i really dont see how a highly educated person is homeless when most people that work anywhere in the world are NOT highly educated
Nice i told you to do a video on people who use subsidies and how they can use it to their advantage to save money. Unfortunately people get more liabilities great video!
"Watching videos won't get you out poverty, but taking action will"
Some people don't even know where to start though so start with the videos and get ideas and inspiration and then go do one thing that day. Just change one Behavior a day.
@Audio I know. Big reason I took early retirement from social work. My supervisor always told me I worked harder than my clients and that wasn't right....well....I'd have to be in a coma not to work harder than most of them. There were a few exceptions but not enough to keep me going. I did burn myself out but was close enough to retirement that I just did that and now do other things to supplement my small pension.
Watching his video makes him money.
@Eritrea Shabiyaጝሕ EPLF I don't know if you were talking to me or what but how I did it, with 4 kids and a single parent for several years is just live beneath my means. No matter what I brought in, I didn't spend it all. I took advantage of every program available. For a while I was even homeless and found an old rooming house in a small town for us to live in. It was cheap enough that I saved enough money for a down payment on a house with a program for first time home owner's. We ate whatever was on sale and in the markdown bin. I was able to get commodities for free (you know that gov cheese and peanut butter and other items) but couldn't get foodstamps because I had a decent job. Well I think it paid $18 an hour but in the 80's that was pretty good. My kids all did whatever they could to earn money too and didn't ask for anything they didn't need. When we went school shopping for clothes we went to thrift stores. Now thrifting is considered cool. Then when I did remarry I was WAY smarter than the first time around. I married a responsible man with a good job so after that it was easy. I know people who make a lot of money and spend every dime of it. Driving new cars is one thing that will keep you broke. I still pay cash for cheap reliable cars (it's not cheap if it keeps breaking down) and then drive it till the wheels fall off, often selling it for more than I paid. Oh and one other thing I did that I forgot to mention. My first husband declared bankruptcy right after he left and filed for divorce and I was left with all our bills. In the divorce they were cut in half but I ended up with all the debt. I called every one of the creditors and explained what happened and they all took pennies on the dollar. They figured getting anything was better than nothing. It's not what you make, it's what you spend. I know people who can't pay their bills who smoke and get tattoos. I don't feel sorry for people like that.
@@grannygoes7882 How on earth do you sell an old car with a load of miles for more than you paid for It?
Sold any newspapers to blind men as well?
Shout out to the Public Library. Borrow books there! I learned so much from the public library
I still do. Libraries are a great resource and now there's a lot online, too.
All this advice is great if your single. Here’s another piece of good advice. Find a spouse that is just as frugal as you are.
Two are better than one when it comes to working and saving!
VERY GOOD ADVICE
@@grannygoes7882 yes. This just psses me off when people say stuff like "ohh youre single so it must be waaay easier for you" kind of stuff
Yes, fed up with the mgtow little boys blaming women, when they're the ones who could choose a woman that's frugal and like minded from the outset.
Sophie Gist many times the reason someone is in poverty is spending habits. Obviously, both have to recognize their bad habits and change. It may be harder to change two people’s habits than just one.
What people in poverty need to do is stop listening to people like DAVE RAMSEY when they shame you for living with parents while being a grown man. It's 2019 not 1960 you can't live comfortably off minimum wage.
Thanks to living with my grandparents I only pay $200 for rent and have saved 80K in 3.5 years. It's feels great going through life never being in debt and not having to pay rent.
Congratulations 🎉
@@brianortiz2200 I feel like your being sarcastic...
And I bet you are very helpful and they enjoy having you there. I 100% agree!
Why is it reasonable to pay your grandparents only $200 per month?
@@ClearOutSamskaras I'm going to make this short because I talk about this all the time.
As a parent you're suppose to support your children. The reason I'm building now is because I want my children/grandchildren to have it good whenever they come into this world. I'll teach my children the importance of money by talking and teaching not charging them rent.
I'm selling my home and moving back to another home that is paid off.
Soon I will be able yo get out of debt and retire by 50
..thanks for all your valuable advise...💜❤😄
@@NomadBlack For good or bad?? I'm doing airbnb right now, have for 6 years, and it's really helped me financially. I would do uber too but live too far out in the boonies. Are you saying airbnb and uber are taking jobs away from other people? I could see that argument being made. For me it was either downsize when my kids grew up and left home, or rent out most of my house. I chose renting it out so I do have room when my kids and grandkids come home.
Nice, same retirement date as me! 😁
My husband came from poverty and is now living very comfortably because of his ability and desire to learn. I came from a middle class family with parents who taught me about personal finances. My husband and I have had many conversations about "common sense" finance topics that I just knew, but that he had to learn. Education is really the key factor in getting out of poverty. People have to desire to learn and rise out of that situation. It can definitely be done, but unfortunately, few choose to do it. Great video as always!
That's the point. BTB says that coming out from poverty depends on education, intelligence... But it really depends on the education and conditioning you received from your family. For ex., when seeing a rich person in a luxury car, your father says:"that daddy's boy didn't earn it and his father must be a crook". This creates prejudices that will prevent you from being rich because unconsciously you'll feel to go against your father and you don't want him to think you are a crook.
steel1583 I agree. I think he explained it well. I was just giving a real life example that I do think education is the key factor.
This is really good advice. It is possible to lift yourself out of poverty. I did it! My husband left me and our four kids and we had nothing but a lot of bills. He had even taken out a lien on my vehicle that I didn't know about. I wanted to sell it and get something more economical to drive and that is when I found out about the loan he had taken out. He also declared bankruptcy and left me with all the bills. I called everyone single one of them and most settled for pennies on the dollar. They were happy to get something. I took government aid and it was a short term thing. For one thing in our state if you own anything, a house or a car that has any value, you can't get most aid. You can get some aid like help with utilities etc. I got everything I could and that was back in the days of food stamps. I would drive a few miles out of my neighborhood to shop, hoping to see no one I knew. Anyway, if I can do it with four kids, anyone can do it. This was also before the days of child support enforcement and it took me years to get any child support. I really liked the point about paying NO FEES. I'm still that way. I something has a fee, I don't use it. I see people standing in line at Albertsons paying their bills with moneygram. That adds so much expense to your bills! There are other free ways of paying your bills. Also find out where your salvage grocer's are and you can save a ton on your grocery bill. That is expired and dented cans etc. Also don't be afraid to apply for expensive colleges if you are poor. The less money you have, the more your financial aid will be.
Are you in CA? I'm in Palm Springs. Where can I find a salvage grocer? Best wishes
@@colorsofavon934 They are everywhere. I found one for my daughter i Lincoln, NE by just googling salvage grocer. The one in my area is called Mr Thrifty. That is a chain salvage grocer but even small towns will have them where someone buys pallets of food and sets up a store. If there isn't one close by, start one! I know a family with little resources who started one out of their house and grew to the point to point where they could rent a space. They are making good money.
@@grannygoes7882 Thank you
Thank you for your thoughtful comment. Coming from someone that actually did it, I really think this will help others who read it.
I think FoodMaxx in northern California is considered a salvaged grocer. They usually stock produce that are about to expire. My experience is you have to eat it within a few days as opposed to a week at normal grocery stores.
Lol you are only giving advice to stay poor in my opinion.... Getting a student loan will not get you out of poverty.... It has taken me a while but I could write a book about what it really takes.
Thank you for not looking down on those who are on government assistance!
Lower your burn rate.
1) Drink tap water instead of bottled ones
2) Make your own coffee
3) Cook at home more
4) Drive less, try to combine errands in one trip
.....
drinking tap water is the only thing i dont agree with, especially in the u.s were you pay for medical issues.
Do not drink tap water, that's a bad idea instead use the 5 gallon refills.
@@danedu4519 provides a good exercise to carry those jugs :)
@@DiamondScuff true. I use the water filter with my fridge, at least it's not direct tap water.
DAVID Y what is wrong with tap water in United States?
Woah long time no see! Thanks BTB, I have finally saved enough money where I could comfortably be unemployed for a whole year! Your videos rock.
=D A whole year? Nice! Do you feel secure enough? I feel I needed more than that myself.
@@BeatTheBush it should be 4 years. Especially, economy recession from 2008-2012. Thanks BeatTheBush.
You are so thoughtful helping those in need! Thank you Mr.Bush
Californians don’t need money for food we need money for rent 😂
Rent money, now that is a name I have not heard in a long time.
If would consider sharing a room if I was in a dire situation.
Move to another state
Easy fix, get the hell out of cali like most people!!! High cost of living, taxes, traffic, stagnant wage. Thats no life for anyone.
Mike Arredondo - If you can’t afford it in California, you should move. Don’t let the high cost of living EAT AWAY your wealth.
The new mic sounds great. Nice and warm, no room echo. And it makes you speak more evenly.
I started to notice the echos too, lol. I might have to do this more often.
@@BeatTheBush true, this mic sounds so so much richer, deeper and clearer.
Yes! Love the new mic. Almost like a podcast!
My trick was: be born in middle class family -> mom pays for my studies -> use masters degree to get a well-paying job at my aunt's company through nepotism -> pretend I did it all by myself.
You cant deny the privileged you received. Sometimes, living in the right neighborhood is all it takes.
@Evan also my allowance was only $20 a week which is barely over 1k a year. Now that's poverty.
@@Bynming at least you had an allowance, I didn't have one at all
@@Bynming 😂😂
You mean sleeping with dead people gets you up the corporate ladder? Wow. Nepotism. 🤣
Its alot easier said than done when you have a large family to feed and a spouse with medical conditions.. But there is always a way out of the poverty hole even though.. LOVE your videos BTW..!
The medical condition part will be extremely hard if someone's body already fell into that state from eating the unhealthy things near lower income areas.
The Magic Taco me and my mom got out of poverty by using the old fashion envelope method. Today was my first day filling up my envelopes. Its exciting and I feel like ive made a huge accomplishment just from making the envelopes
buy some bitcoin, hold till 2021
My parents were dirt poor immigrants to the USA and were always making low income until they saved up enough to open a little nail salon. The salon did well for some years until my mom's health failed which ended up costing a ton of fortune and the salon had to close and my mom stopped working. My dad continued on with his low wage job working at a factory. He was never late to his work, never called in sick or took a vacation. I remember they actually forced him to use up all his vacations this one year. We were a family of six. To date, my parents were able to pay off a small house, both retired, living on a small amount of my dad's retirement savings, eating from their backyard garden and claiming themselves as plant based for health and to save money. My siblings and I were able to enter the workforce with good jobs and we help support my parents if needed but they seem to do well enough for themselves. It is doable. But then again times are different now with rising cost of living.
@@eatnplaytoday
How is your mom doing now? Such a shame you had to clise the nail salon.
I REDUCED my ELECTRIC bill by 50% !
Nice! Wear more clothes during colder months. =D
A portable ac unit will help
Electric companies hate this guy, see how he refuced his electricity 50% in less than 2 weeks.
No credit card debt since 2013
@ LordStanleyJr: No credit card debt (or any debt) since January of 1984. (Age 28 then, turn 63 this year.) TWO THUMBS↑↑ UP to you!!!
LordStanleyJr admire
None since 1963!
I wasn't born until 1968 lol
My net worth is always growing! The trick is to not buy anything you don’t need and not get married and not have kids!
@Sir Lancelot To be honest, not having a kid has nothing to do with finances. Its more that I don't like children and crying babies annoy me to no end:)
I’d say under the right circumstance get married with both you and your spouse making good money, but don’t have children.
Sir Lancelot
I’m just thinking about would could be with two people agreeing to a common goal, I know in reality this serves as being difficult if not impossible to find a lady to want that life!
......But the more people you have involved wanting not to be in poverty the more likely you’ll get out of being broke faster or never be in poverty.
@Sir Lancelot you sir, are no fool. Live well and be happy!
Kids are HELLLLLLA EXPENSIVE 💰💰💰💰💰
Hooo weeee 🔥🔥🔥😬😬😬😬😬
The advice you offered in the past year has really helped me. I need to keep working on this. Sometimes I get so discouraged. Your upbeat voice helps to cheer me on.
Cheering you on is something I did not anticipate doing. I'm glad it did though! =D
The problem is the welfare system doesn't encourage you to work. If you earn somewhere between $10-$15 (approximately, don't remember the exact numbers) per hour, you lose most government assistance all of a sudden. Yet you don't earn enough to support yourself and your family. It's easier for people to just not work and receive government assistance.
I remember when my family first came to the US 10 years ago, my parents had no job. They got medicaid. Doctors would prescribe them with stuff like pillows and knee sleeves that they didn't really need (for free). They even got a free MetroCard for each trip to the doctor's office. A short time later, they found jobs and have been working since. Now they make $50k combined, which is not a lot in NYC at all. Yet they had to pay over $600 per month for a high-deductible medical coverage. They don't see a doctor unless it's an absolute emergency.
My parents were among the few that would rather work than receiving government assistance. Most people in their circle would either not work at all or work very little so they can keep their government assistance.
@The Real Issues I'm not sure if NYS is the same since my parents were only on Medicaid for a short period, and it was 10 years ago. But even if this is true, there are still ways to get around the system such as working a smaller number of hours to maintain government assistance, one person of the family working a cash job so the household income remains low enough to qualify for government assistance, etc. There are just way too many loopholes in the system.
@@taylorbuehner6578 I do believe there are people who are truly in need of government assistance. The system should be designed in a way that as people work more, the amount of benefit they receive from the government decrease gradually, but at a rate slower than their pay increase. That way, the more they work, the more they net. The reality is there's a cutoff line. If you earn a little more, you get no assistance at all.
That’s so true. I went from receiving rent and food money with my parents to getting no money. All because we got a little raise to our income. Also I should have took out a loan to go to school. I hate owing people but working and schooling was almost impossible. Would have been easier to get student loan and not worry about school bills for the time being.
@@taylorbuehner6578 That is a seriously overly simplistic view of a more nuanced and complex problem.
Then move outta NYC
Use a credit card with cash back. Pay it in full every month. You essentially get free money and with no debt!!
I agree. Dave Ramsey advises NO credit cards, just a debit card. I make money off my cards. He is right that most people don't have the discipline to use them right though, I get his point!
@@grannygoes7882 I'm in the same camp too. I love Ramsey, but he is right that most people don't have the discipline to use them properly. I feel like the people that he has on his show sees credit cards as more money to spend.
Anyone that is struggling financially should not have a single credit card.
@Brittany FFF no annual fees.
Take Action!!!
=D
I need all the advice I can get to get out of a job where I am bullied.
Wanda... If your being bullied find another Job...
@@gerry2345 Looking. ..
Got my retirement with the agency, am vested...
@@manchitas3531.. Good. Don't accept being bullied.
So stressful being bullied, I have lost a job I was really good at and I was working my up, because I didn't have the strategies to deal with bullying. I'm scared to go back to work.
@@hoganmyra1 go talk to a lawyer, maybe they can do some pro Bono work and get a recording pen to record the incident. Bullying in the workplace is not acceptable.
I am so happy for myself that due to my past hardships I realized I should pay cash for the mobile home I bought 4 years ago. Now as the house has been needing repair and my car I've had to swallow my pride and reach out for economic assistance.I was making $1,700 a month and could not catch up on bills I was past due on. but now I'm on prepay for electric so I have to be mindful about my electrical usage and lowered the bill . I got my Internet bill lowered to a promotional deal and I'm walking and taking Lyft while my house is up for sale. With the sale of my house I can get a better car and start over. community help turn my gas back on City Planning and development came out and repaired my electric.
I think a big thing too is the knowledge piece. If you’re financially illiterate, or financially broke, at level 0 or negative on the finance ladder, whatever you want to call it, having that moment where you self reflect and say to yourself, “I’m complaining about being poor all the time, so I need to fix this by educating myself.” So, how does one educate themselves in a subject? For me it was to throw myself head first into Finance, Investing, Budgeting, Saving, and anything similar that follows. Finance TH-cam channels, finance podcasts, finance books, financial mentors, simply by educating yourself and immersing yourself into the knowledge of this subject, it almost makes it impossible to continue to remain so poor because you get so much information on how to take action in multiple ways in your life. Change your mindset about being poor, and learn to think like the wealthy because that wealth follows soon after you change your mindset and start to take action.
You are amazing, this is your mission in life. Teaching people to have a better life by handling their money appropriately and making more when needed.
You are the most practical person i seen on youtube yet, love your videos
Glad you like them!
Great video! I like the fact that you approach using food assistance as a strategy for money management and not just taking free handouts and living off of the state.
I whole heatedly agree. I see a lot of waste around me. People who are in poverty often have a mindset of staying in poverty and sometimes, they can't even help it. It's unconscious and they might not even be aware of it cause that's the lifestyle they've always known. For instance, I have a friend who was constantly unemployed. She lives at home and is supported by her family. When she did get a job, the money went to eating out, expensive hair salon appointments, and shopping. It was in the moment mindset for her. She focused on immediate needs and it seem to never cross her mind to save money. It runs in her family though so it's all she's ever known. I think if someone is aware of themselves and aware of the possibility their situation can change and combined with productive actions, they can climb themselves out of poverty. Also I like how you provide free government resources.
I really appreciate how you said all of this. And some of the tips I will be applying to my life now. You are right about saving money even if it is just a little at a time. I need to be more serious about this whole issue, as I am wanting out of this mess and to do better overall. I want to be the best I can be.
Beat the bush I have a newfound respect for you
=D Thank you!
People are their own biggest obstacle to goal attainment. We need to teach goal setting skills and financial skills.
Will only work for some not everyone.
The only program I qualify for is Medicaid and I feel guilty about it. I have huge medical debt from complications of an illness, and I will be paying for it for the next 20 or so years out of pocket. Due to my health, without Medicaid I wouldn’t be able to afford medical care at all. This is why I hope there are changes in the health system where everyone pays in and everyone gets the help they need. If it weren’t for my illness I’d still be financially independent. I don’t like feeling like a freeloader, although I know through taxes I have and still do pay into Medicaid. Thanks for the video!
If you paid for it through taxes, you're not freeloading. You're reaping the benefits of a lifetime well spent as a contributing member of society. Medical costs are astronomical in some cases, not even millionaires can reasonably pay them out of pocket. So feeling bad about being on Medicaid is a waste of time.
Thanks for all you do for your viewing audience. Knowledge is power.
I heard something the other day: “Try to only use old money.” Meaning try to not live paycheck to paycheck. Save some to use for later. Try not to use new money.
People must have a plan or they will keep on spinning their wheels.
Yes, BTB...The ability to generate money and KEEP IT is a valuable Skill set....
Lots of products and services that are not needed. But then I tend to be somewhat extreme in frugality compared to the normal joe.
This is great information! Thanks for taking the time to research everything!
Thank you so much for making this video I'm already doing some of the things that you mentioned in the video but I learned a lot from this video so I can add it to my regiment to help me be better in life I'm also going to share this with my Facebook to my friends and family continue to have a blessed day
Always know that there is light at the end of the tunnel!
No #1 fan of yours! Thanks for sharing!
=D Thank you!
The library is great tip! We use that a lot and our library has a really fun kids floor. We're getting out of debt, slowly but surely. House, cars, student loans, credit cards total about 85k right now. When we started less than a year ago, it was around 112k. We definitely follow most of the tips you mentioned. We're lower income, in the midwest. We make about 85k per year and have 7 kids. Yes 7. 3 were his, 4 were mine. We both have a set of twins. If we can do it so can you!
6:53 it's really simple just get cash back lol, I have a supermarket within walking distance of my apartment, food shopping, then get cash back.
After tracking my expenses (every single dollar) for almost three years, I'd say most people waste a hell of a lot of money on food and groceries. It's just shocking how it adds up and, as you say, it's processed food products which is where it mostly goes. Learn to cook, people - it's so much fun, healthier and WAY more delicious. Terrific, thoughtful video BTB.
My food is usually rice, hotdogs, and vitamin pill. 2 eggs for breakfast. Sometimes, ramen and beanie weenies. I fry my own potato chips real cheap. I recently added some bagels and fish oil supplement. I really should add fiber to my diet, but don't know a cheap source for it.
simpletongeek Canned beans, chickpeas. Fresh fruit and/or vegies. I'd dump the hotdogs - even though they're cheap they're just loaded with salt and lord knows what gristley bits from animal carcasses. Good luck - keep going!
One good place to get FREE stuff is Offer Up. You would be amazed at what people give for free. In my area, someone is giving away a free dryer.
I like your compassion
Thank you for creating and sharing.
You're welcome!
Bring back that beat you'd made for the intro. That was so much fun :) Thanks for the video. It's really good insight.
I’m amassed at how knowledgeable you are on SNAP. The country is very ignorant when it comes to subsidies in relation to food.
The whole time you were talking about checking out DVDs from the library instead of going to the movie theater all I could think about was Avengers Endgame. I can't wait to see that, I'd be spoiled long before it ever came out on DVD. Plus everyone in the theaters that night will be so excited and I wouldn't want to miss that experience. But I get your point!
hippity hoppity get out of poverty!
Thank You Beat the Bush!
Good information. These basic steps are things I used to improve myself and my financial situation. Once you start being more frugal, you see opportunities to save money and then pay increases are less likely to go down the drain.
I heard that sometimes individuals avoid using bank accounts because they are subject to withholding of some kind. If they have a checking in their name, the IRS or another agency might swoop on the cash in the account. Is this true?
Yes it is true. Unfortunately it is short lived strategy. Some jobs require you to have a bank account because they only pay via direct deposit. Also your creditors will find your job and garnish your wages at source
Yup... 'garnish your wages' is the proper term.
But what do I do if I have a chronic illness? I was diagnosed with crohn's at 16, so before I was even an adult, I was gimped with medical bills. I have to get an expensive infusion every 8 weeks.
I like your new mic. Sounds good. What model is it?
I've never made 24k but i live very cheap and in an affordable area so i don't feel like I'm in poverty
where do you live?
What state?
Not to beat a dead horse, or to bug someone who's obviously not responding, but -- where do you live?
Beat the Bush gets you out of the down and turns one around. Because one learns to need so little one can have so much.
Does that t-shirt sell?
Very informative! You are right, we often can change something small and over time it adds up!
I agree with a lot of your videos, but the one caveat is you're assuming everyone is healthy. Medical issues/bills/limitations can be devastating to fiscal plans/goals. Even for smart people not being able do certain activities due to physical limitation severely hinders your ability to be upwardly mobile.
A lot of people are healthier than they realize. I was eligible for disability because of my crohn's but I kept working instead. So many illnesses get worse when people stay home and isolate themselves. I've seen people get on disability and the first thing that happens is their weight balloons up to the point they can't do anything. i encourage people to do as much as they think is possible and then push a little more. To not do that is to go backwards.
@@grannygoes7882 Maybe. It's a fine line though. I have a heart condition and if I push myself to hard (which sometimes I e because it's just my personality I wanna get things done desire the risks) I pay for it with really bad chest pain and risk of heart attack and borderline can't do anything while I recover. So it's a balance. And I've applied for disability and never got it even though I have a diagnosed condition. So disability is hard to get.
@@ethereal_emily God bless you!
You are absolutely ore t!!!
I make $0.00 per month, all I do is watch your videos all day.
how do you pay for the internet and electricity?
My Patreon and Private SnapChat pays my bills but I don’t got any extra
Another good way to make what I call "free money" is to dumpster dive and resell on ebay. Also if you film your experiences and put on youtube, you'll get money from youtube. People love watching that for some reason. I have a free box at a second hand store in my town where I find new things all the time. Often I find money in pockets of free clothes. My dad is old school and he said I should write a book "how to live on nothing." I should vlog about it but that's one thing I haven't tried yet. I should though as there are many people doing it successfully. I appreciate btb and his research. Lot of vloggers just winging it and wasting a lot of time. Theirs and yours.
please make the video! it sounds interesting
The reason I think it's interesting is because it makes America seem like its streets are paved in gold, its wonderful to see how "money is everywhere, yet most people are to lazy to go out and get it."
@@atlast8689 that's right anybody could do what I do. I had someone criticize me for it and said I was taking things away from the poor and I said lady I am the poor that's why I'm out here doing this.
Plus it keeps stuff out of the landfill. So it's a win-win just get out there and find stuff you can sell just about anything on eBay.
I just never got into the dumpster dive thing, maybe it's my pride getting in the way. Or maybe I feel it's a bit dirty. Just not my cup of tea.
I think depending on the city, the streets are paved in half pennies. You can find random stuff sometimes that is valuable because many just lose things from having too much they overflow.
Oh.. in terms of the stuff could be left for other less fortunate to dumpster dive? Some people have said the same for recycling your own cans.
can you link the video where they take the rich person and drop them in a poor city somewhere. Thank you
I think it's called Undercover Millionaire, this is the one i found a while back, didn't watch it. th-cam.com/video/1uWMbmwyj3g/w-d-xo.html
I don't know if this is what Btb is talking about.
I think it was a news article but I forgot the title already.
:) You're so nice. Glad I watched.
Thanks for the great tips!
T-Rex has won back the chair! Looks like IceBat's not faring so well though.
And are the Peas sulking? They have their pod turned to the camera.
Couch community battles aside, good video. Lots of practical information there. I think the key point you made though, is to use even the tiniest bits of savings to your advantage and just keep persevering at it.
Is it to late at 60 years to start?
This guy speaks the truth..gotta love him.
i joined mint with your link, thanks
Thank you!
Sir your thoughts on attending investors meetings and investing in companies that are not publicly traded
Unless you are a huge investor, it seems like a waste of time. Non-public companies tend to be more opaque in information and so you will be at a slight disadvantage.
Meetings are always, always a waste of time.
speaking of the movies you could also go on discount day, instead of the weekend when its full price. or costco has discount movie tickets sold in pairs.
I really like your videos but your comment on using a bank account for cashing checks overlooks a big problem for people with low incomes and that is that they are often excluded from banking. Your comment made it sound so simple to just get a bank account, like it is just a matter of getting to the bank once. You mentioned that you've seen people lined up in check cashing places that have all these fees. Why would people use such services when there are banks??? In my experience the answer is usually not that a bank is too far away, but that no banks will let them open an account.
There is a kind of bank blacklist where if you bounce too many checks or have too many overdrafts and don't pay the fees so you get too much of a negative balance, banks close your account and report you to an agency that all banks check when you try to open an account. It's called ChexSystems. Once you're in the database you are at a huge disadvantage because check cashing places know you have few options so they can charge really high fees.
It's kind of like how being homeless (without a job) makes it hard to stop being homeless because to get a job you need an address, clean clothes, and a place to shower. Being poor is expensive and can be a vicious cycle.
It's not completely hopeless though. Some banks and credit unions offer "second chance" bank accounts for people with ChexSystems records (however, these bank accounts again have fees). www.nerdwallet.com/blog/banking/blacklisted-by-chexsystems-what-to-know/
I'm confused do debit cards not exist in the usa
They do exist. Just some people have a hard time getting them due to bad check writing history.
@@BeatTheBush oh ok .I am from new zealand. No one uses cheques here except the occasional old lady. People mostly use debit cards and eftpos cards .
I suggest if you are in poverty to try to relocate to another state. You may be able to land a higher paying job. You can also contact your local college continuing education department and enroll in a short term training program. You can also learn entrepreneur skills from sites like udemy and skill share to learn work skills in computers, marketing and graphic arts.
Those are scams.
Poor people are the largest purchaser's of lotto tickets and scratch offs and they shop at gas stations and fast food.
Some do. I don't think all do!
Not to mention brand named items
I love this! Thank you!
You’re welcome!
0:05 just noting that the Federal poverty level for one person is $12k (not $24k), two people $16k (not $48k). I understand your limits might be used based off qualifying for CA food assistance program.
@Benny I agree $24k is not a sufficient living income, just pointing out the official poverty levels.
You really want to know if you qualify for it or not and it's higher than most people would think. I think they do use the federal poverty level for other metrics so it is an important number.
Thank you we can break the cycle! Glad I can watch you! Marsha
I hope you can too. Just use those as a helper.
What is the name of that show because I would like to see it
I tried but cant find it now.
Anyone got the links for the social experiments that BTB mentioned at 1:00?
how do i solve this situation when im a kid
Work online before you can get a job.
Thanks so much I love your videos you are so creative and resourceful 💓💖💞
Thank you!
BTB do you offer any form of counseling or consultation? While I am generally in a good situation (no debt and monthly payments are very low) though I am still wondering exactly how to move forward given my circumstances
Send me an email. It’s is in the about tab on my TH-cam page
Where is your DIY channel?
Love these tips.
Francis you are a national treasure 👍
How rich or how poor you are is not a choice. It doesn't depend on intelligence, education or knowledge. It is scripted in everyone in the unconscious. It depends for the biggest part on the way you've been raised by your family and for a smaller part on the environment beyond family. I know people (including myself) who gathered a lot of money by working and then, in one way or another, lost the money because the internal thermometer of how rich you allow yourself to be cannot be easily changed. It's about working on one's conditioning received during childhood about how good or bad is to have money.
Many people in poverty would rather piss and moan and blame the government or some politician. Take responsibility for your actions and understand change doesn't happen over night. It can take years or sometimes decades to go from poor to middle class or upper middle class. Don't buy alcohol, tobacco, drugs or lottery tickets.
Be consistent and keep believing and hang around positive people who are going in the same direction as you.
Wait, sorry - I'm a little confused and I just need clarification with the numbers in the beginning of this video. Where you mentioned, "This video is intended for people who make 24,000 dollars a year or less per person in the household". When I looked up the poverty levels thresholds in California (which I'm going to assume you meant because we live in California) it says, generally, "about $24,300 per year for a family of four". So, if I make more than 20,000 a year in California (I know its not alot), would that mean I'm not in the poverty levels for California (since I'm counting myself as one). Sorry, maybe I'm getting confused somewhere. If anyone can help out, I'd love to see comments. I think I read that the poverty threshold for one person in the US is 11,000+ (2015).
The numbers are qualifications for the CalFresh or SNAP program.
Hey that's a video idea for you! You could do a social experiment similar to what you mentioned where you start off with nothing in a different location, and then go off and make something better for yourself. You have the intelligence and financial know-how to pull it off, I think it would be uplifting to a lot of people out there if you showed them how it's done!
I think this would be entertaining to watch but I wonder how educational it is for people who see the video.
2,000 a month is still rich...nomatter. I am debt free ,but just barely make rent. I don't vape, smoke, do drugs, or drink.I eat healthy. I ride the bus, and walk.
I was living in California and almost homeless
I had $11k credit card debt.
I had no savings
I had rent.
I moved to Texas.
Now I own my own home paid off.
Now I have zero debt.
Now I have big savings
Now I feel rich
We all should be frugal like you that's the way to prosperity
Look at everything you buy as time you have to be at work. It will make you put it back. I'd rather spend my time in my garden and gaining a return on my investment. Literally.
Sometimes, for most consumers, the urge to buy is strong.
Can you make a video on uber? If it's a good job or not?
This will probably be one of your most helpful video's for the poorer of society , Well done Beat the Bush ;)
=D We shall see. I measure success by the people who gives me feedback sometime later on how it helped.
Well by my own personal experience I have saved so much more money since discovering your videos a few years ago .
Plus you also helped me change the brake pads Lexus GS recently as I remembered your Porsche video on brake pads and using adjustable wrench .
So needless to say thank you so much Beat the Bush for being awesome .
Joel 😉
thanks for the inspiration.
You're welcome!
BTB, I've been following you for awhile and I really like you & your advice. I find it very interesting that your idea of poverty is $2K per month net income. There's so many assumptions you've made without experiential knowledge of the hoops/obstacles to implementation. Sure you went online and did a little research on various programs; yet IRL - depending how a state chooses to disburse government funds for those programs, it's simply not that easy or cut/dry. I wish I could sit down with you to have a heart-to-heart in depth chat about how things really are. If I could possibly impress upon you that there are so many more people who work, scraping by on less than $1K/month, with some of them struggling to raise their income up to $800/month, who live very frugally, no credit card debt, without engaging in any of those activities you mentioned. There's so much more involved in trying to get help that makes the process overwhelming You're young, strong, good-looking, well-educated and able to take for granted the assumption you'd quickly be able to bounce back, if some financial catastrophe happened. There are multitudes of highly-educated homeless and near-homeless folks struggling to survive who fall through the cracks of public help. I hope for your sake that nothing bad happens to you so you won't ever have to test your theory and get caught in the trap of the "system." I'm not saying it's impossible to bounce back but it's certainly not as quick, easy or simple as you make it sound.
highly educated homeless people probably have big problems such as mental illness. or they are highly educated and low skilled. nevertheless, today, a highly educated person would be better off using the internet to sell their knowledge. i really dont see how a highly educated person is homeless when most people that work anywhere in the world are NOT highly educated
2k/month *is* poverty wages in CA
@@Bayo106 I've known doctors who were homeless. Don't forget the people who scam you with ITT Tech that promised great 6 figure tech careers.
You know this dude is living the FIRE dream when he can't remember what happened yesterday
Not sure if it is a good thing to not know when Saturday is. XD XD
Nice i told you to do a video on people who use subsidies and how they can use it to their advantage to save money. Unfortunately people get more liabilities great video!