Why MONEY is Fake. (The Status Economy)
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- เผยแพร่เมื่อ 13 ส.ค. 2023
- Ex-Google TechLead explains why you feel poor, no matter how much you make.
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When I say “I’m poor” what I mean is I spend 40+ hours of my life every week at a job I dislike just to survive long enough to make it to the next week. People don’t want jets and lambos man…they just want freedom of choice
Freedom is the guys on the side of road living off of chump change we give them.
And are you free?
the only reason that in the usa people who run out of money dont starve is because anyone who runs out of money in america can qualify for free money and or free food from the government . but in some other countries , running out of money can be a death sentence and a person can starve to death or develop a life threatening disease from malnutrition .
@@farseervisionsbro why would you be against this comment?😂
@@archravenineteenseventeenclearly he stated he’s not😂
Having loads in the bank whilst driving a crap car and eating in Costco is the best feeling.
Exactly, feels best and nobody knows. Stealth wealth is king!
@@compounder3850
In the UK, London in particular, there are so many wealthy people that don’t even drive a car, they ride around on a push bike and dress like 80s librarians.
It’s only when you see them pull up to their house do you realise they are pretty wealthy.
@@tundeukwow
@@tundeuk So you worked hard your whole life just to destroy your body eating slop 😂😂
@@wc4572 No, we worked hard all our life to afford a home gym, good organic food and the occasional slop.
Haters gonna gonna hate 😂👍🏾
Once worked for an Ivy League university and after a few years quit and went elsewhere. When I quit the employees asked me why I would leave and I disclosed I was not beiong paid a reasonable wage. They then questioned me by asking, "well what about the status." My answer was I was unable to eat status and needed to move on.
Good on you! Theyre living in some warped version of reality.
PLOT TWIST: This whole entire video was an ad for Costco Pizza!😂
+1
Money can buy you access to better healthcare. As a multi-millionaire, you can pay for an MRI out of pocket and have a specialist review it in two weeks. Without money or private insurance, you'd have to wait til your symptoms worsen enough to justify a referral, and then wait another 2-6 months to be seen. And if said specialist doesn't take you seriously, too bad. Forget about a second opinion. You'd be stuck with a chronic condition for the rest of your life.
Healthcare is what money is for in the US.
It's also public health. Rich people have less issues to begin with bc they can afford more than a bag of Lays chips after their paycheck or owner's draw
Also legal help. If you're rich then you never have to worry about seeing the inside of a prison cell in the US.
its always been like that, humans have a horrible obsession with showing off. Iam a six figure independent loner working a low status job. Iam invisible to the eyes of most people.
I worked a soup kitchen in San Jose CA in the early 1980s the line was around the block with shell shocked Vietnam veterans who could not get help from the government. Some were on drugs to deal with the physical and psychological pain. All of them were homeless not by choice
This is a reality that these closed minded TH-camrs and privileged types refuse to acknowledge. There are many reasons why people lose control of their lives (and their finances) and this is a perfect example. There are a lot of people who struggle to work due to physical or mental health issues and some people who have had emergencies or tragedies in life that has plunged them into debt.
techlead is in his millionaire youtube bubble and his newsfeed. he has no clue what the real world is like for most people.
This may sound harsh but for starters, why would they go to war to end war?
@@archravenineteenseventeenWhat should that mean? War never ends. You can only win the wars that happen to break out or lose them.
@@spaghettiking653 unlike before, there's literally no reason to go to war unless they have to dispose something and continue the cash flow
Amazing insights from a man who doesn't have to pay rent.
The more you spend you realize it’s all vanity after awhile. All these gadgets and subscriptions to operate them is just bullshit now
I prefer to listen people like this. Not the same, bitter like me
Americans don't realize that people in other countries dream of Walmart and Costco living standards.
Yes it is so pleasurable to me that I can get a costa coffee whenever I feel like it. Wasn't always like this🎉
That's bc they only see the glorification of it and not the reality. People also blanket the country. Not all places in the country are at the same level of standards. Some places are hazardous to be in while other places are top of the line and brand new. You can find Hollywood hills but you can also find places that are the opposite and completely unlivable.
Here in Australia media keeps harping how people struggle because of inflation and high cost of livings. Same media on same day reported Taylor Swifts tour sold out in minutes!!
A lot of people use credit cards for what they can’t afford, so what people are buying is not a good gauge.
Exactly right, people are still buying clothes, shopping, woman are still doing their nails and hair out, going out to see movies and going to concerts, flying, vacations. And not just the rich. I see all types of people living their best life.
I'm telling my bank this when my next loan payment is due
At least u got qualified for a loan don’t be ungrateful
Exactly 🤣. I'm certain my lender will be unimpressed 🤦🏾♀️
@@Shedlyhikey I'm certain it was intended as a joke. It's always somebody 🙄
@@Shedlyhikey ungrateful? Says who?
@@khairinoa appreciate what u have instead of complaining about it. Plus you’re not poor according to what the guy says in the video. Ur comment shows signs of ungratefulness so I left my comment and if u feel some type of way then maybe u should start appreciating what u have .
I agree that most Americans are spoiled and don't know how to live within their means. But I do think poverty does exist. If a person is working a full time job, and cannot afford to own a place to live, then they are poor. There are many Americans who will never be able to afford to buy a home. They are living pay check to pay check. And if they have children, it is a difficult situation to be in. In a just society, anyone who is working a full time job should at least be able to afford a small apartment. But rent prices have gone up all over the country. And inflation has caused the price of food and gas to go up almost 30% within the past few years. To be honest, I don't think that most young people can even afford to buy a new car. In just a few decades we have gone from a society where a family could afford a home on a single income, to where it now requires a two income household to afford an apartment.
Women's "rights" doubled the labor force, which halved the wages. This is the future that we chose.
@@M1America Don't forget all the migrants and diversity hires.
@@M1America Women in the workforce also doubles productivity too. In theory you should be able to buy stuff with half the prices if the productivity is doubled. Something is wrong with the system/society lol.
@@TaiNguyen-in6xy Doubled productivity to what end? To kill german, japanese, koreans, vietnamese, and arabs in countless wars? Its not about the cost of goods. Its about creating a future for children to be safe and live virtuously.
dont you see the irony in your own post. Why do young people need a NEW car? if people are barely scraping by, that is literally the same thing as getting by. We drink the cleanest water, and have central AC in our rentals/owned properties. Rent too high? Move to a less status area, where people dont wanna live. My area is extremely cheap and Im not getting shot up or anything. I can technically live off 800 a month. You care too much about having NEW and nice things. That is why you FEEL poor, but youre not.
😂🤣 I laughed sooooo hard when he said even the thieves robbing Nordstrom’s who many claim to be poor or have nothing, have getaway Toyota Carolla cars 💀💀💀
A lot of these thieves drive luxury cars like Mercedes Benz
@@JokerCat9 Right! That’s true as well.
You are partly right. Eating food from the trash will keep you from starving and people in the USA are doing that and it is definitely poor; not being able to afford basic housing so you live on the street or in a shelter is definitely poor and dangerous. There are definitely poor people in the USA.
There are no poor people in the USA, compared to the real poor people of the 2nd and 3rd world countries!
I think he's more so alluding to how its a choice vs. an actual demographic. It's not that there ARE poor ppl but ppl who CHOOSE to live that lifestyle, which I 100% agree with. I see "bums" in new outfits, look fed and clearly content to where they're not desperately trying to improve their circumstances
I live down the street from a large house with maybe 10-15 Mexicans living in it. They moved in maybe 1.5 years ago and showed up in 2 white cargo/work vans, nothing else. They're clearly pooling their money to make the housing basically free because now they're driving nice trucks. What's keeping the "poor" from working together like the majority of mexicans and other immigrants in my neighborhood?
@@therichest96 There are people who have been out there on the street most of their lives who do not know how to live a normal life and are comfortable with what they know, the streets. But anyone can get evicted because of loosing a job or getting sick and having no money, there are tons of those people out there too, they want a home, and edible food, they have no money to get those things, they are poor.
@@therichest96 ,facts!
I think being poor is more about access to real estate ownership than access to "money". The status economy idea is relevant too.
The reason people keep seeking status objects is because they are using status as a substitute to fill a void that can only be filled with meaning. Take for instance, working musicians, artists, sculptures or healthcare workers. They are generally willing to do pro bono work for little to no money because, they have found their purpose in life which supersedes distractions like wealth seeking, which more often than not ties in to a form of expression of who we are as a human being. There is this saying that money can ward off misery but it cannot buy one happiness. This rings true for me personally. Ultimately, honing their craft and contributing their value to the world in their own individual meaningful way is the source of their contentment and lifelong happiness. This is what will sustain them. The solution to this is for people to pick up a side hustle/job that expresses their humanity, then this status seeking game will stop of its own accord.
Well said 🙁🏆🍀💯
Not true, they’ve given up on wealth seeking because it’s too hard. Chose not to provide for the economy & instead chose to provide for the community. On top of this most of these people dream of being famous or rich, keyword ‘dream’ which is another form of escapism. Also most people chose the ‘good path/creative path’ at a young age, before you understand the world. Now those working in healthcare are pretty much babysitting people that have completely abused their bodies (which we also owe thanks to capitalism) now the healthcare worker just depressed and can’t even find the energy to save enough to cover bills to change career, when everyone around them is flexing their ‘good life, clothes holidays) the healthcare worker either 1) follows suit and spends their money for a dopamine release or 2) live for the weekend and also abuse their bodies
@@P-12345Not every person in the hospital is there because they abused their bodies. Accidents and disease affect people spontaneously everyday, moreso than people 'abusing' their bodies.
💯
Very well said. Obsession with wealth is like any other obsession. It is just filling a void.
One thing you forgot TechLead Show, a lot of people want financial freedom so that they don’t have to work under a boss that they may not agree with. You can have a fulfilling job, but if you have a boss or a company that you don’t see eye to eye with it’s very difficult to work for them. You may have limited options unless you want to keep moving around the country to get a new boss. But if one has financial freedom, they can do what they want to do without worrying about working for a bad boss or a bad company.
You have a choice to swich from company to company until you find satisfaction, sometimes people refer to financial freedom as a status thing, because they cannot handle being told what to do (a sign of them being lower in status). If you know how to run the company better than your boss, you feel you deserve more status and cannot handle being told what to do. It is still about status. Something outside of status might be fear. Fear from not being able to buy things when needed, so you seek financial freedom out of fear rather than status. Since avoiding a boss is still a status thing.
In other words: I want to do nothing but still get paid
@@michaltomasik3682for some it is true. But for many they do want the financial freedom but either lack discipline or just don't know how to do it.
financial freedom has been misinterpreted as you can spend as much as you want at anytime you like without working on anything
he mention on 11:30
Money doesn’t matter when you have money. Just like food doesn’t matter when you’re full.
I used to seek status, now I absolutely don't care what anyone thinks or says 🎉
We need more like minded people like you 🙌
yeah this goes back to thinking women would sleep with a dude because he's rich. they don't care about your money, they care about your status
They don't. They really just care about looks. Both men and women. A woman would date a homeless 10 but wouldn't date a wealthy 1.
@@carpediem7654 this is the hard truth that men cannot accept.
@@godpilled9077 exactly. Because it's something they cannot change. It is what it is.
@@carpediem7654 they will marry a wealthy 1, but wouldn't marry a homeless 10 though. Ah, everyone would love to have the best of both worlds.
@@carpediem7654 they want to sleep with the homeless 10 and tell people they're dating the guy with high status (just dont tell them he's a 2)
This is the satire dry humor i sub for
dry humor, satire but a lot of truth in between the lines.
my favorite line was "women really just want to marry a poor dude and have a family"
There is no humor in this video.
This is all true.
It's weaponised autism not satire
@@bushy9780only if he’s 6 ft tall
Food is not a sign of how well we’re doing. We’re doing bad because our food ecosystem is killing us across the statuses.
Homelessness is the true signifier of poverty. There are families that cannot afford a place to live while working low wage jobs. Not having proper sleep or basic amenities affects your health - spiraling other areas of their lives.
I would say alot of the discontent comes from working jobs people hate that are really difficult with inflation robbing the ability to ever afford to own a house, and soon cars. It’s the negative trajectory that comes from inflation redistributing wealth from wage earners and giving it to people with assets. What that translates to from a psychological perspective is you will always work this job you hate and will rent your whole life so at the end you will have no equity and work till social security. I would say it’s the loss of hope that comes from this. It’s like it’s ok to suffer if that means you are building a better life, but knowing that you will suffer and slowly get farther behind. That’s what I think is at the root of the homelessness isn’t drugs it’s hopelessness.
Very very well said!
yes, hopelessness takes people ability to get up a take care of their lives
None of those things have to do with inflation, but with set wages remaining stagnant as productivity and cost-of-living increases.
@@NatTurner328 you dont know what basic words mean
@@xXJeReMiAhXx99 Inflation is a natural part of a growing economy, it’s negligible. The problem isn’t inflation, it’s economic deregulation and corporate greed allowing the wage setters to keep the wages stagnant and pocket the revenue from productivity gains and allowing workers to crumble under natural economic pressures. And economic vernacular doesn’t fall under “basic words” your monosyllabic mouth-breather.
He is confusing poor with low-income and also with destitute. Destitute means that you don't have the basic needs for survival, poor just means that your wealth or income is below a certain (largely arbitrary) threshold, like making less than $20k per year, and is not necessarily related to survival. Low income is another threshold similar to poor, that is also not related to survival, but is typically greater than the poor threshold, like people making less than 75% of the median income.
I think he conveyed his message effectively regardless of the strict dictionary word definitions that you are highlighting.😊
Word salad blah blah blah
I like this!
That feeling when you can look poor but know that you can easily buy a house and a lambo with ease must be liberating.
not so much. I can buy a lambo, but i would feel so bad about it I actually would suffer if I did. So it's not so liberating. Yes I have A LOT of money to burn. But I just won't do it. And then? I will probably leave it to people who dont even really will be grateful about it. Not so liberating.
How can I have that kind of money? I'm tired of being able to afford very little [even tho my basic needs are met ] @@williamtaittinger4529
@@williamtaittinger4529 Id say splurge on things that are beneficial make your life efficient and comfortable an example is to buy high quality goods, I don't mean goods that people think are high quality like a Lambo rather tailored silk suits etc, these offer a benefit and aren't just a waste of money, solar panels, a heat pump, etc luxuries that people mightn't see as luxuries. Furthermore a nice looking watch can be worth it if it makes you feel confident, if not then it's not necessary.
@@williamtaittinger4529 you're missing the point while saying exactly what is meant. you're liberated enough to make choices such as not buying a Lambo and leaving the money behind as is. how you feel is on you.
@@lxole6492 Lol, so tou are schooling me on the topic of money? Which color is your bugatti, lol? I am saying people like myself, who made their wealth have a lot of difficulty to throw it on the status game. I still drive a Porsche and dress somewhat expensive, but way below the level I could. I could a ferrari or lambo. And the cars ARE indeed appealing to me, yet I "cannot" have them cause I would literally suffer if I bought them. The panamera was the toughest purchase of my life. And it is not even that expensive. So in the end, I cannot have a lambo, just like yourself. It doesn't feel so "liberating". That's the whole point. Now if YOU had the money, maybe you would throw it, cause you never created wealth yourself. I am certain my 3 year old boy wouldn't give a damn about wasting my money in the future, but I will try to educate him about it. The fortunate in the end are the ones who will spend other people's hard earned money with no mercy and no regrets.
It is a strange feeling, when you do not have money at all. I was on a trip alone in a foreign country but due to timing and other issues i didn't have access to any money, banking housing etc. even food was becoming a problem.
There are several situations that a man can due to circumstances really become peniless.
Even in Finland the happiness Champions of the world. There was an old man living in a government owned flat, but due to issues he could not pay his rent. They kicked him and all his things out on the street. He started to carry the things into the woods, put up a tent there (only 500 m away). He died a few months later. . . . The social services employees still get their salary.
I think that there are quite a lot of poor people, who actually have problems in getting food for the day.
A lot of rich kids had parents who had security (money and assets) which allowed them to be wealthy if they choose. Money is not everything, but not having it is. Money is important.
The thing about ownership is that in some places you’re better off owning a home than paying rent ,especially since rent and mortgage prices are almost the same, might aswell get some equity rather than burning all that cash into renting.
yeah, now is the first time maybe ever that it's the opposite, which is usually taken as a sign that housing prices need to come down. Right now in suburban NY, you can rent a house for 2500-3500, or buy for 4500-5000 (with taxes/insurance). There has never been such a big difference
By this argument, it's fine to cram tons of people into a small space because hey, people can still survive that way, right? Housing obviously greatly impacts quality of life and it's not as simple as working at walmart, and status is only one of many considerations (such as location, which impacts weather, convenience, safety, education, serenity).
Incidentally, housing affordability has dramatically worsened due to inflation, which is not something the establishment likes to admit.
Erm china does do this 😅 these people are all soulless
But here’s the reality, here on earth we have everything we need. We’ve just lost control of that reality because of our participation in a system that has convinced us that our entire livelihood depends on the accessibility to the structural offerings and we can’t survive without it when in actuality we can. This is where self sustenance and community leverage comes into play. More people / families used to know how to build housing, now they are built for us. Many people felt assured by their ability (even if it was minimal) to grow a substantial amount of their food, now we run around like chickens with head cut off if the grocery shelf is empty…
Sure, major discrepancy exists in “the system” but it’s largely because of what many of us have submitted our lives and beliefs to in this lifetime.
Status is necessary for dating and retaining a women liked by many men. It's not just a mind game...
the whole reason the economy is poopoo is because everyone wants status so bad they will borrow it
@@Dr.HarshTruth Completely agree. Unless you can find a based woman who can see through the bullshit, there's no choice but to play the status game. Dating in 2023 is already hard enough for a man, good luck meeting someone based and attractive while you yourself have little status. And I'm fine with this - why would a desirable woman with tons of options settle with a guy that works at walmart? Ultimately, I do think it's a mirage, but I don't expect someone else to understand this.
Hence as a practical matter, I continue to play the status game.
Charlie Munger said it best, "the world is driven by envy, not greed."
Yup millionaires are jealous of people receiving food stamps 😂
@@jokerpilled2535This quote doesn’t apply to millionaires because they don’t need to be driven, they’ve already "made it" so to speak. The general public which aspires to reach some form of imaginary greatness are the ones looking at others and wishing that was them.
@@DoritosBurger I know, I was making a light joke at how they’re always complaining about the poor on welfare. But yeah the middle class are the most delusional about their goals in life.
People aren't starving anymore mainly due to either government safety nets and/or consumer debt. Take away something like Social Security or SNAP and see what happens.
'poverty' is a relative term. if your point of reference is purely material you will never be 'rich'
The mental gymnastics are strong with this one. It’s always the millionaires telling you how unimportant money is.
he doesn't show off with his money.
@@shagb2751Where does he use it or does he give it away?
You mean the guy with more money than you seems to... understand money more than you? WOW imagine.
@@mindlessdrive That's why I listen to Floyd Mayweather's weekly podcast explaining economics and personal finance. He actually has a lot more money than TechLead, so therefore he knows a lot more about money than TechLead.
Access, money buys more access to benefits broke people can't afford.
McDonald’s or Goodtimes paying $18/hr sounds a lot better than Doordash. Free food and you only stay in one spot. You don’t get wet in the rain. You can actually move up. Underrated for sure. You’re not poor, you just care about what others think of you.
I agree with you. The issue people have is they don’t want to work. Everyone dreams of a life of luxury without realizing there is nothing wrong with just living a regular life without all the fancy stuff. I make around 40k a year and I’m happy living this way, I have a high end computer, nice TV, a car and go on vacation from time to time. What exactly is wrong with my life? Nothing.
Costco pizzas are pretty good btw. 😎
This seems like virtual signaling imo. Own nothing and be happy ! I've always thought a cap for the rich would be a good idea. Same with State Lottery. Cap it and help more seniors as it was intended. Housing is to expensive for most people. I don't mind wearing Wal Mart clothes. Everything made today is disposable.
It doesn't help that most Western women are shallow, and won't even look at you unless you are making 6 figures, own a house, and drive a nice car. That is why young men feel poor. I think most men are content to live within their means. But in order to find a wife, it requires being able to provide the lifestyle that they want. And they don't want to live within their means.
@@Desiree_Rose the higher quality women look like the low quality women because lizard brain sees status
@@Desiree_Rose A quality woman is rare in our society. So there will be competition from many men trying to be with her.
@@nerychristian Yup, the vast majority of modern young women are low quality...
you need to define higher quality @@Desiree_Rose
@@Desiree_Rosea minimalist woman is high quality to me.
Alternative Title: Why you're not poor as a ex-Google millionaire
Well, I've bought some very high-end clothing on Ebay because I discovered that the people who have the money to buy this kind of clothing new also tend to take care of it really well. And, I'm old enough that empty calories turn into fat at a tremendous rate, and this just made me long for the days past when I could wolf down a bunch of cheap Costco food and not worry about it.
What wrong with Matalan
The objective of poor is you pay your bills and no money for things such as going to fair or water park or just cheap restaurant if I had money I would buy cheap decent used car and be able to do fun things instead of living from paycheck to paycheck
I don't want high star restraunt I don't Gucci clothing I don't want Lambo. I want to live comfortably
I really love your videos dude you always hit the nail and get me thinking.
Money was invented to make it possible for a foolish man to control wise men; a weak man, strong men; a child, old men; an ignorant man, knowledgeable men; and for a dwarf to control giants.
Yep
Cmon
This guy talks like he’s never struggled before. I don’t think most people are saying that they’re poor because they can’t afford a Gucci bag, they’re saying there poor because all they can do is work and pay bills and live a low quality life style and no be able to do anything they want to do or follow any of there dreams. Ain’t nobody that’s poor out here ever taking a vacation. This guys living under a rock and out of touch with reality. I for one don’t care about having a lot of stuff especially status stuff. I drive a 99 2k car, work all the time, and go to college and share an apartment with a room mate at 28 y/o. I should no have to choose either for gas money or grocery money. And have to worry about paying down bullshit debt because I had no choice but to live of a cc for awhile because no even McDonald’s would hire me at the time because of quote “youv moved around and had to many jobs before”.
he speaks like someone who is indepently wealthy and out of touch with the brutal reality of the 9-5 grind that doesn't allow you to put money into savings for a rainy day.
I think the whole argument collapses if you don’t want to live just to survive and get by🤷🏽♂️😂
@@xianzheng63 yes, but not starving = just surviving imo
Because I am insecure, and I need to boost my self-esteem I need money, and I need a lot of it. This is the only way for me to be happy.
I was thinking of this last day. What is the use of money? Why do we aim to get money? simply to draw breath, and continue eating, and surviving?
Past your basic needs, I don't really get it. All the top TH-camrs make videos about being in $50,000 a night hotels or on giant yachts, it looks so pointless.
@@SeethingSimp I don't get it at all either. I think my girl would enjoy the luxury aspect of living that lifestyle, but I'm quite the opposite. I just want peace at mind, and remove myself from the noise if possible.
I don’t know if I can ride with this reasoning…most poor ppl don’t want to be poor! I think we can all agree with that! I agree with most of the other good stuff you said!
I think these rich guys are disconnected, some people fall into poverty through circumstances out of their control (divorce/health) to name a few. Consumerism is what made people addicted to spending and I do agree that most people are sad because they can’t afford some plastic junk that they don’t need.
The King of TH-cam back with another one.
This is just scratching the surface I think. Why status? What's the point of it all? In the end I think most all our choices and pursuits in life boil down to minimizing pain while maximizing joy in life.
The problem with becoming too comfortable is you get lazy and weak. It’s important to have to suffer a little bit, it toughens you up and keeps you on your toes.
Bruce Lee once said
"Do not pray for an easy life, instead pray for the strength to overcome a difficult one."
I'm clued up, well read and do pretty good on all fronts. Techlead, bro, you've changed how I think on certain things. Great stuff, don't stop 👍👍
You are looking to a problem thru a very narrow lense. It's not about what can you buy, instead how much time you have to develop yourself and find happiness. And you get that with money.
Listen America is quite a hamster wheel at times when it comes to living life. Something as simple as truly owning your house and the land on it is not a thing in U.S. I’m from West Africa. The house I have, the land I have is mine! No suffocating taxes, no risk of losing my house once it’s there. Once it is built, that’s it! Absolutely no thought of foreclosure or tax liens or any nonsense like that. It’s yours.
Love it. What a way to ground your life and move on with the rest of your life priorities. I love it.
Obviously I’m not talking about cases of eminent domain. Under normal everyday circumstances, you keep your house because it’s yours and you won’t be haunted my a lifetime never ending property tax bill
Great comment. This comment needs to be seen by everyone saying westerners should consider people in Africa when thinking they are poor.
I agree that poverty is virtually non-existent among working population in rich countries.
It's like attractive people saying "I don't wanna go out today I look so ugly"
I get unemployed people saying they are poor but Walmart workers (or people who can easily get a job there) probably shouldn't say they are poor because they objectively aren't
unemployed people arent poor either. they have social safety nets if they just communicate with some other human
Poor is a relative standard and there is no one set definition of what "poor" means. You will always be less "poor" if you are comparing yourself to a person who lives under a different standard; which is why you should never compare them.
This is like saying oranges are actually yellow because it's lighter than a blood-orange. The argument has about 5s of making a small amount of sense before you realize that it's a wildly inaccurate way to see the world.
You will always be poorer than someone else, and you will always be richer than someone else. Don't compare because the only way to do it is to be so specific with who you're comparing to that you end up comparing you, to yourself because of all the people you have to filter out to get a reliably sensible comparison.
Lastly, it serves no good to tell people to just be happy with their 7-9 dollar walmart job "because you're living in America." Their problem isn't that they aren't able to buy shoes, or anti-malarial drugs; they can't afford to keep food on the table while also paying for the roof over their heads. Comments like this are detached from reality and shows how little people who make that advice know of actual struggle.
Unless you were born in the worst African countries you have possibilities. Maybe they aren't appealing but they will do for the moment
@@ace9848which is stupid in itself till you sleep in those bushes, streets, bridges, parks...but then again I agree, being homeless amongst the rich means you rich as well, funny cos they got bum police if the real police aren't gung-ho with their jobs
And that stupid dear troll, you need to be a dear caught in headlights in those bushes with nothing but a tent as those poor souls sleeping in such despicable conditions which is literally nothing but crimes against humanity
...you mentioned that you have no friends in an earlier podcast,... man, I love your realism, sarcasm, and humor! Sure not enough to become a friend,... but what a start!
It's so true. All these people complaining about being victims have it far easier than many working people. Our entire society has become a bunch of professional victims.
I find this refreshing. I work for a well known large company and I could easily gain some status. I choose not to because, one , status does not mean to much to me and , two , I’m not get paid any more for the extra responsibility for the work my status would include. I wish I had more friends who thought more of their actual value than on what others think of their worth.
You are just lazy
Exact same boat.
this is very true, many friends who said they don't have money were not willing to work from the bottom at some restaurant or as a receptionist, they wanted the high paying jobs just from the get go. Also their own families did not accept them to work from the bottom. Really naive people. This phenomenom is why when people fall, they don't want to get up because they lost their "status"
Higher Debt to Income is Poor. Debt that cannot be paid off (doctor degree, 30-40 year mortgage, Student Loans, High Credit Card Debt with High Interest Rate, etc) is POOR. It's no longer how much money one makes, its how much debt one has.
@@xianzheng63 you know how much student loan debt doctors have? Plus, majority of them live in million dollar homes and live "big". They work til they're 80 or more.
They are buying food on credit cards. Not their own money.
Food stamps too
This video goes to show how detached from reality some of these TH-camrs and "influencers" are. Stating that nobody is starving shows a very skewed perception and an ignorance to a bigger reality. For many people poverty isn't the result of wanting pointless possessions. It's the result of wanting to feed, clothe and home their kids.
If you're earning just enough to cover the cost of rent, bills, travel and food costs, all it takes is an emergency (home repairs, hospital or dental surgery, sick leave from work, for example) to put them in debt and force them into a downward spiral.
I don´t care for status, but I wish I could afford at least a confortable lifestyle and not having to worry about money.
It still resumes to wanting Status. Comfort has no limit and is mostly in the mind.
You probably already have more comfort now than other people in third world countries who wish they could just come to your country and sleep in the streets
The more comfort you get used to, the less you consider it comfortable and then you need more expensive comfort.
But you're not poor tho!
exactly. Im just assuming, I know, But I would bet a whole paycheck she's living more comfortable than 50% of the world. She's literally using the internet either on a smart phone or computer. There are cheaper places to live. There are cheaper clothes to buy. Cheaper food to eat, etc etc. Cheaper phone plans for you to type this comment on. ETC ETC ETC @@robertxtreme237
The more money you have, the more you will worry about it.
Rural place you go
America’s economy has transformed from an agricultural based economy to an industrial based economy to a service based economy to a financial economy and to a status economy. That’s how a modern empire rise to the top and inevitably fall.
Its not food that is the issue in most countries. Its housing. Most people are 2 paychecks away from homelessness. Most are poor.
the western man is richer than kings of the past
True. Things are gradually getting better. Present is better than the past and future will be better than the present.
The true of happiness is help other people !
This is well put actually. Emotions and long shot ideas may get in the way of truly understanding.
I think this is completely true. I especially agree with the last point you made, making my money cycle through people to elevate my status is 100% something I would do
i will say that tons of people especially in America... have no idea what being "poor" really means, it means to me worrying if you will have a safe place to sleep at night or enough food to not go hungry (not started but still)
I eat in 99% of the time. I drive a 14 year old car which I bought used and I use an old iPhone which I also bought used. And I'm technically a millionaire.
Bottom line comes down to greed wanting more be grateful for what you have any thing more is a bonus
I don't want to be rich, nor do I want to be poor. All I want is to live. Not just to survive, but to live.
"The big elephant in the room:" status is necessary for dating and retaining (at least for some years TechLead) a women liked by many men. It's not just a mind game...
I still drive my 2001 Toyota Corolla and love eating at the Costco food court. 🍕😋 And I'm still using my iPhone 6s. And I'm totally fine with that! 👍 Thanks for another great video!
Same
@@user-lu6yg3vk9z 👍👍👍
This is extremely insightful. Thank you for sharing. I enjoy your channel please keep making awesome videos!
I wouldn’t say when someone tells you they are poor is them saying they want higher status. It’s a declaration of their current status.
No more, no less…
We don’t see soup lines anymore because money is distributed electronically.
Is the soup distributed electronically too?
a basic job cant pay rent at all these days, so if you dont make alot of money you are literally homeless or live with your parents (which is worse). Most people dont want status, they want basic things like living on their own and not having to work until they die
This video is brilliant. I had to listen carefully with the third ear, but you delivered is very thought provoking and useful information.
To me if a person is poor, what it really means is that he doesnt have financial means of growing himself that is the meaning of being poor. If you have money then you have the means of shaping the direction of the econemy that is whats so powerfull about money.
The key to not being poor, is to just become successful like TechLead. He’s a millionaire.
TechLead, I very much enjoyed this rant. Thanks !
Universal Basic Income does not yet exist in the USA.
Costco food is actually pretty awesome. I wish they would bring back the Combo Pizza.
people might've been poor back then, but at least they were allowed their own means of self-sustainability. they could build a shack and hunt animals and raise cattle and no one would prosecute them.
I am watching this wearing Champion brand under wear I purchased at Costco last year, a white Kirkland brand white T shirt, and a pair of George brand shorts I bought at Wal Mart over a year ago. I am also planning to drive to Costco tomorrow to buy my Kirkland brand generic Claritin D, and I WILL be eating the pizza in the food court for lunch. I guess I have Low Status, and yes, Costco is my favorite store! :)
Buy black clothes only and automatically your status will be higher because of aesthetics or minimalistic lifestyle.
Keep it up, great channel !
In Australia. It is better to buy a house. Over 25 years the mortgage will decrease, but rents will increase. I guess the same anywhere in the world.
Status is important because it gets you the girls. That's it.
I have more money at my bank account but i still spend the same every month and have fear of not having money for rent, food, hospital in the future and i still have to save up.
Man you on point with your assessment, so glad to have heard this video 🥰💪🏿!
Thank you so much for this. So eloquently spoken. ❤
In today's economy you're considered poor if your net worth is under $250,000
I thought it was $247,487
@@leodf1 if you want an exact accurate number then yes
@@pazuzuxx and 73 cents
Not all of money is status game. Like, I recently spent ~5K to go on vacation in Japan, but a barebones job person simply wouldn't afford it.
It's not about status, it was about experience.
Love this. Seriously though, America is definitely status economy.
This was a very insightful video TechLead Show, thank you, and keep on YouTubing!
Thought experiment is this: would you rather make $40K in a rich country where average per capita GDP is $80K, or make $20K in a poor country where average per capita is $10K. Numbers cost of living / purchasing power adjusted. Even though making $40K in rich country you’re objectively twice as well off as making $20K in poor country, many people may choose $20K option.
Being rich doesn’t matter anymore when you can rent a Ferrari for $200 an hour and take a bunch of photos for a fake status level Instagram account
Yea a lot of people would chose the cool cheap hostel instead of fancy Hilton, but what happens then? Supply and demand my friend. So the cheap trendy hostel would suddenly not be so cheap anymore because there are only so many spots available and everyone wants to be there now. So who gets it? Whoever pays more. And the expensive fancy Hilton would not be that expensive anymore because nobody wants to be there and they would keep decreasing the price until they have to to fill up the rooms. The invisible hand works man. So the hostel would be now fancy and expensive and only the rich and famous would be able to get in, and Hilton would be more for rest the poor. Same crap. We ended were we started. Nothing changed. Money talks, just remember that, and bulls##t walks lol
Well said you are very self aware and very conscious. I admire your talks really.
A shipment of Free food was delivered yesterday, and today I am starving. Only cheese left. My birthday is in 2 weeks. If only I had economic status.