Why You Always Feel Poor In America & What You Can Do About It
ฝัง
- เผยแพร่เมื่อ 23 พ.ย. 2023
- Today we discuss why you always feel poor in America and what you can do about it. There are so many things holding us back in America. We will discuss what those things are and how you can overcome those things to live a full life. Early retirement and investing are key strategies to getting out of this cycle in America.
What We Use To Invest (affiliate link):
a.webull.com/TfjtegHr358AQ3HVtV
How To Buy Your First Stock:
• How To Buy Your First ...
![ป่ะป๊าเลอา ชื่อ ??? [ดูคลิปเต็มหน้าช่อง] #Short | PANG ORNHIRA](http://i.ytimg.com/vi/ssxX0VkJCTo/mqdefault.jpg)
It is interesting to see how many of the comments are from people who seem to think this video is to make people feel badly or " less than" when clearly the point of the video is to describe and illustrate how inflated the prices are based on where a person lives and makes purchases.
I simply don’t eat out here in the states because the prices are insane.
They are
Don't even mention tips being 20%-25% now. It is ridiculous!
Thank you both for helping us to know that there is another way.
Thanks!
Great Chanel, great content. I'm German and living in Germany. When the inflation startet I stopped eating. When the Ukraine war began, the price of cooking oil rose from 1 euro to 5 euros (i.e. from about 1.10 US dollars to about 6 US dollars) per liter. I decided to fast and lost 8 kilos, which was great. The price of gas for heating increased eightfold! I then decided to spend part of my winter vacation in Thailand. Gasoline now costs around 2 euros per liter, and since then I hardly drive my car and use instead public transport, which is great in Hamburg.
Thanks!
Foreigners may believe that prices and services are not too high here because prices and services are set based on Malaysians' income and aptitude. For Malaysians themselves, nevertheless, the price difference between five years ago and now is quite significant because of the substantial decrease in the value of the Malaysian ringgit relative to the US dollar. For this reason, people from countries with strong currencies like Singapore, the US and European perceive Malaysia as being quite affordable for their bargaining powers.
Yes, very good points, thanks for sharing.
Inflation happens to pretty much every country, though? My Japanese friends commented certain things are significantly cheaper in Japan than in Malaysia since they have weaker yen now; exactly like your argument, just on different location. It is misleading to paint us as being affordable only in the eyes of certain foreigners; i am a local, and while i do notice significant jump of prices compared to pre-pandemic era, i know that it is still cheaper compared to even poorer countries like Philippines and Indonesia, like cooking oil, onions, sugar. Even compared to Mexico, where it's the norm to buy 10 pieces of eggs, Malaysia still wins with its subsidized 30 pieces egg tray at similar/cheaper price. Our chicken is also cheaper than all of those countries, even without subsidy now. Toys and plastic wares, too, is significantly cheap here. You can easily buy those at rm2-3 here while in Indonesia, same thing costs RM10+ (after conversion, of course). Medicine, due to us not producing it, is not too cheap, but we have access to imports of India, Bangladesh, Vietnam, Myanmar etc. We are not ridiculously bound to laws that protects only the rich pharmas; generics with same exact formulation is widely available here (like, neurobion vs vitbion forte). I have few Indonesian helpers over the years that all consistently have commented how cheap is it to buy electronics here and ship it all the way back home. It brings back the point of this video; yes, your money does stretch further here, doesn't matter in the eyes of Westerners or Indo/Pinoy's.
@@shinachikudidnthappen..mov9196 - Following the pandemic, Malaysians' income increased, but not as much as the cost of commodities increased. The pandemic led to a dramatic increase in the price of commodities, including necessities, as the value of the ringgit fell against the US dollar, which in turn caused a sharp spike in the price of commodities, especially needs. The government has to maintain subsidising a few needs in order to keep prices in check. However, in addition to the 33 million Malaysian citizens, an estimated 7 million foreign immigrants also benefit from this subsidy. According to projections from the Malaysian Department of Statistics, there were roughly 2.2 million foreign employees in Malaysia in 2022 who were in possession of valid work permits. With unverified estimates ranging from 5 to 6 million, Malaysia is among the countries in Southeast Asia that receive the highest number of undocumented or irregular migrants, according to the International Organisation for Migration (IOM). If there were less foreign residents in Malaysia, Malaysians would be more appreciative of the subsidies provided by our government.
So, you recorded this (or, "captured this time segment") in late 2023, and I'm watching it 1 month later. You are thus quote-unquote "earning" revenue in this passive stream, which can only escalate as either exponential-growth-to-the-sky or exponential-negative-growth-to-zero. IF EVEN ONLY ONE of your videos makes it to the exponential-growth-to-the-sky phase, that's plenty enough! I'm so darned impressed with the RETIREMENT TRAVEL SYSTEM that you're demonstrating. Happy to contribute my eyeballs for a while and also thus contribute $0.00000463 cents!
Thanks so much! Yes, the videos do add up over time!
A thought about Starbucks . Say you spend $5.00 day , 5 days a week on the way to work. Let's call it 250 days times $5.00. Your are spending $1,250.00 per year. That's cost comes from your net income or about $1,600.00 of your gross income. Make your coffee at home for about 30 cents a cup. The instant or regular Starbucks coffee from the market is the same . Also, one saves 10 minutes of their life a day by not stopping for coffee or about 42 hours a year of your life. Do the math ! Lot's of small purchases add up. Especially with food. It's much less to eat at home, bring food with you vs eating out.
This is my point. This is NOT about coffee. Starbucks have found a way to get people out of the house, social interaction and a hundred other things. They can only charge this because people are willing and eager to pay it. Just like some people pay $10,000 for a Rolex that tells the same time as a Timex
In our household, my wife and I , we eat out every 3-4 months with friends, otherwise every meal and coffee is from home. We did the math and our cost per day for two people is $38.50 total. Understanding costs and budgeting really make a huge impact. We don't buy budget groceries either, we ensure we eat the best we can afford. It's really not that much overall. We don't have kids but I believe this principle can be used in any household.
Great job 👏 u2!!!
You are a blessing ❤ thank you for another perspective
I feel robbed! This sure makes me feel differently about what I buy. Starbucks just had a big price increase, so I need to cut down my trips
as usual thank you for your video it was very helpful and something to think about
Glad it was helpful!
I'm on the door dash app right now. They currently don't have any tacos on the menu on my app. But the shrimp fajitas are $22.89. It looks like a HUGE portion. So it would probably be 4 or 5 tacos. So say half of that price. 11.45 for that. Their boneless wings lunch combo is $10.60 but it looks like 5 wings max with fries and a salad. In my app delivery fee is 4.99. And tip on this would be $4.41. So a total of $31.45 in MN.
Thanks for the insight!
That is crazy!
Wow!!
There are other costs besides labor. For example leasing the real estate for the place the food is prepared. Also taxes. I enjoy your channel. You provide a lot of helpful info.
Thanks! Yes, there are, but the Chili's we ordered from is inside the Suria Mall at the Petronas Twin Towers, so they also have real estate costs.
These are very helpful comments. Local prices vary for locally produced goods, and the U.S. has high wages and high food costs, for example. You are right. But you can substitute cheaper local goods for more expensive ones. For example, you can substitute reading for expensive entertainment events, and you can substitute cheap recordings for live concerts. That saves some money, but the earn in the US spend overseas strategy is another way to go as well.
Totally appreciate you both.....I am former vice president of a union local and see this everyday
Thanks for your insight!
Thanks for the video. I always enjoy your content. As a researcher I concur with your information. Additionally, the inflated prices is not necessarily because of inflation. This an an additionaly falacy that they want you to believe. Inflation only accounts for a small percentage of the price regarding consumables. Where inflation is felt the most is durable goods (homes, cars, etc.) My research over 7 years shows that corporations will charge what people are willing to pay. The price will adjust when the American consumers say "No Thanks"!
I'm NYC and I have deleted Uber Eats orders bc they were too costly. For example...Chipolte for 3 ppl on uber eats including delievery fee, Uber eats fee, tax and tip was about $86. "What chu talkin' 'bout, Willis?!" 😅
Wow, that's incredible
I make over double the average salary, and I feel like I am barely getting by in the Atlanta Area. So many people have moved down here from California and New York, and it took real estate prices to the roof. I want to at least try to be a digital nomad. I do this in the summer since I am a teacher, but I would love to do it 7-8 months a year.
It's true we were spending a lot more in Atlanta than we do traveling.
Excellent share. Thanks so much!!
Thanks
Thank you!
Really enjoy your videos!! I did an U er Eats delivery for your lunch over from Chili’s here in South New Jersey (outside of Philly) and it would have cost $29!
Wow!
Great content...and hoping that you are both enjoying KL. My wife and I have visited many times and always enjoy our visits to Malaysia. I would also recommend trying the delicious peri-peri chicken (and bottomless frozen yogurt) at the Nando's location in the MidValley MegaMall. ..if you have time. 😊
Thanks! We noticed there is a Nando's at Avenue K, which is near our place. We may try it this weekend!
Wait, we have bottomless yoghurt here???
@@vincentchin88Some of the Nando's have it....I think it's 7 RM
@@christopher74w there's a Nando's at my office in Starling Mall. I am so gonna do it this Monday! Thanks.
[Quran:- 5:72]:-
“Jesus has said, "O Children of Israel, worship Allah, my Lord and your Lord."
[Quran:- 19:30]:-
“Jesus has said, "Indeed, I am the servant of Allah. He has given me the Scripture and made me a Prophet.”
[Quran:- 4:171]:-
“Christ Jesus the son of Mary was no more than a messenger of Allah…..So believe in Allah and His messengers. Say not "Trinity" desist: it will be better for you: for Allah is one Allah:
I guessed $60 for the two meals, since you pay about $25 per meal for a sit-down chain restaurant in the states, and the delivery fees always add about $5 to each meal.
Brilliant video guys. I'm from Toronto Canada home of the big gouge......I'm 8 months away from retirement and for the first time in my life I see Canada as a place to leave rather than stay, sad to say. I could live very well in Spain, portugal or Italy so these may be a future option. Safe travels and please keep the content coming.
Thanks! Best of luck!
Yes, sticker shock when come back from being stationed overseas
I live in NYC. Average rent is usually more than you have quoted for a month stay in a luxury hotel with amenities. I think it’s fair to say it can be close to 50% of your (average) income. Same with coop maintenance. If you don’t make 6 figures or have generation wealth ie a home to inherit or money from your parents, you really cannot buy anything. Average credit card interest is 26-32% now.
We spent a month in NYC last year, we loved it, but it is expensive.
$20, one reason not to eat out anymore, prices here are ridjculous. Forst time in my life that I use excel to keep track of my expenses.
25 bucks at least i would say excluding tip and delivery fee in USA
Are you using USD currency in Malaysia?
Can you change your VPN and pay in that country?
I think there is another issue. For the non-college educated, wages are lagging in the U.S., and health care is not insured for 5-10 percent of the population. These problems need addressing, controversial though the solutions may be.
I have most of my subscriptions out of India and Peru which are usually cheaper. The other cheap option is Turkey for subscriptions.
Just tricky part is some subs require local cards which can be bypassed using paypal or other wallets.
Edit: 12 eggs in Chicago Aldi cost 1.29$ though but I absolutely get the point
With an employee discount- an employee would spend more than that for one of those meals in the U.S.
In your Starbucks example you only mentioned wages for the price difference. You don’t mention rent, it is extremely high in the USA, most countries are not required to offer health insurance. There are no unions at Starbucks in SE Asia. The cost of liability insurance is outrageously high in the USA. Also taxes the business must pay. Don’t know what they pay in Malaysia but I’m sure it’s less than in the United States. 🇺🇸 I’m an expat living in Cambodia 🇰🇭
Thanks for your video on heath care. I’m going to check out Gleneagles next trip to Kuala Lumpur. Thanks 🙏
Corporate Tax Rates as listed by the Tax Foundation are Malaysia 24% and the US 25%. They are charging more in the US not because they have to, but because they can.
What about the fees for Webull
Is there a way to get food shipped from over seas?
😂😂😂😂😂
$30
i just ordered my breakfast tru GRAB, just like every other day, its killing me when you guys didn't use any GRAB voucher, every morning, I'll order3 macaroni & 2 watermelon juice, it cost me RM18 after RM10 voucher, which is less than 4 USD.
We used the Grab Voucher on our Pizza last night, so we got 2 pizzas for RM 29. You got great deals!
One more note, we are paying more in US because we have high labor cost.
First, I love your videos in general. I think you missed the mark here a bit. Suggesting that any consumer product can be normalized simply by converting currency is crazy. The price for anything is based on what the market will bare in a given region. I am not saying these companies are not exploiting some aspects but this is economics 101. Netflicks is not the same around the world, labour, taxation, regulatory conditions just some of the factors. People in the US are willing and ABLE to pay more for many things. Such a simple concept as market based consumption is then offset by a geo-arbitrage model for making the best of it. I actually thought this was an elaborate way to lead into an add for VPNs. Just my two cents. Again, I like the videos but I had to say something on this one.
I feel like we are saying the same thing, that people in the US are charged what they are able to pay. That was the whole point of the video.
Check out the cost of cell phone service in the UK. It is super cheap compared to the US. Also pharma in the US is price gouging. More and more Americans have to leave the country to retire.
$15.00 USD
$12 total inclusive for Chilies
My God! What are we doing in the US!
Brown sugar coffee In Indonesia only $1 u should visit Indonesia
You mentioned if you make a million bucks it doesn't matter, do you think there's many more millionaires in the US or at least say 250K earners than in other countries, is that why these companies keep squeezing us for so much
It's not so much the number of millionaires, but how much the average earner and minimum wage worker makes.
Presenters, Discuss how much of your strategy vs. American pricing is due to favorable exchange rates and what your strategy is to keep this lifestyle when the exchange rates reverse. Obviously, medical will never fail, but you are not going to hospital daily either.
❤ 🤑
A minimum of $50
Is there a way that I can get foreign pricing while living in California? Does a VPN do the tricks???
I was wondering the same thing for US overall. Would love to know…😊
@@YevetteGooden I assume getting airline tickets, Netflix, and anything (service) in a foreign countries would be much cheaper for us here in the US but the question is how can we get these services pricing. There must be a way i.e. VPN, foreign portal sites, etc...
No, you need to go to Malaysia, where they make less than $350 per month.
@@pauladuncanadams1750 Poor countries. I probably eat that much in a couple of days.
I feel like I'm waking up for the first time
You can get 30 eggs for 3 US dollars in malaysia !
Most of us feel poor in Murrica because we ARE poor. Thanks Billionaires.
Right on! Totally out of touch.
I appreciate the transparency and open communication. Allie and Rob are only showing us their perspective, they are not trying to say it is anyone else's perspective.
@@rowanmulvey8632 It's the tone. It just sounds narcissistic to me. I've heard a few of their videos and several from other influencers featuring Equador, Costa Rica, and Portugal. The other people talk about the pros and cons, and yes, the cost of living, but also about the places, the culture, and the people. But the tone of these videos, IMHO, are more like "Here's what l got, gimme, gimme gimme." "And you can get all this stuff too!" Idk, maybe it's just me.
$10.... Here in the great state of California 😅 your meal is over $35 total.
$35 not delivered. Its $50 delivered.
@@druiz012 correct 😪
$37.21 in SF Bay Area for pickup. So Yes, $50+ for delivery.
Wow! It shocks us every time we see it.
@@GroundedLifeFinances hey us Americans here are luxury 🤣
$30+ for two meals?
Why do the people there look up to Americans even though our economy is so crazy high?
I canceled Netflix
Sorry guys. Those companies have to adjust their pricing depending on the price living in other countries. Our problems in the states is that we live beyond our means because we are constant "consumers" who want and want more stuff/things.
japan is lightyears ahead of usa in technology, even korea in their homes. they arent living beyond their means. most korean homes have free telecom, dishwashers, sound systems, etc.
Comes down to what people are willing to pay.
Not sure I understand the value of this video. Try a Chili's in London, Tokyo, or Singapore, and then compare to the US.
That is the point, there are 2 pricing systems, places like London, Singapore and the US etc... are one price and other places are another price.
You do understand that the minimum wage in Malaysia is less than $350 per month, right??? Maybe you make people in Malaysia feel destitute because you live like royalty to them? Just a thought.
Lol, we dont care. We love your dollar just like everybody else. Just dont ruin the market with tips.😅
True , but most Malaysian get paid more than usd350 per month. Most of minimum income earners are foreign workers in 4D ( dirty, difficult, dangerous and degrading) jobs.
MALAYSIA's population is 32million, and there are almost 8 million "guestworkers" in Malaysia😢
@@johankasah1121 Tips are because restaurants in America only pay $2/hr. If there were no tips, the cost ofa meal would go up considerably.
@@amiryazidali7659 Sad, but good to know.
@@pauladuncanadams1750 IT IS OK.. At the very least, Malaysia is providing jobs to people of poorer country. It was a credo of Mahathir Mohammad ( ex Prime Minister) " prosper thy neighbour so that they can later afford our products and services"