Interesting perspective as always from James. 100% agree in the basic premise that modern life is a basically a scam that will keep most trapped in the middle class wasting their best years before “retirement”. However for me, the content creation route is not good advice for everyone. James hit this market with a great personal brand at the perfect time. The “market” is much more saturated now and I think it is 10x more difficult to differentiate yourself. The existence of videos like this illustrate the point. My feed is full of content about making content, and offers of paid tutorials on how to become a content creator. When creators are looking to earn from teaching others how to create then I’m suspicious as to the direction of the market (not that James generally falls into this category). Could be persuaded otherwise!
2 mins 48 seconds in - Crypto…ask yourself is the world more digital than the previous day? Solana, SUI and other blockchains are a threat to traditional finance mechanisms like Visa & Mastercard in a sense they both collect hundreds of billions a year in transaction fees which are taken away from small and larger businesses. Crypto can reduce this fee by 1000x and the transaction settles within less than 400 milliseconds.
Not sure what’s more likely, becoming a crypto millionaire or Sunderland coming through with a 4-0 win 😆 Seriously though, what a great video. I never actually thought that a short 15 minute video by you would have such an impact in my way of thinking and be relevant to what I do in a way. A lunch break well spent. Cheers James 🤝
With every video like this I watch the more happy I get for starting my TH-cam channel and becoming comfortable at sucking in front of the camera and getting better each time. Great video as always mate!
Hi James, love your content but happy to discuss why Bitcoin is not a ponzi. It is (and will stay imho) the best performing asset with the highest ARR on a long enough timeframe (+4 years). Cheers!
i second this - this man needs educating on crypto as an asset class. If all he is hearing about is the hock girl meme coin and thinks bitcoin will be used a currency, he isnt hearing the correct content imo.
I find a lot of the free stuff in life is usually the most enjoyable. A walk with a friend, surfing, meditating, exercising, drawing, volunteering to an organization that helps people in need. Do a video on "how to save" and not spend on dumb shit so you not then caught in the debt trap society sucks you into. What most people don't realize is what the definition of "rich" means to them...don't buy the bullshit people sell you on social media and the internet
I did purchase my first O/O house in my early 20's and further out in the Sydney suburbs though on my own. Which i still own some 15 years later but have moved to the East, looking back im glad i bought when i did, but wish i had of moved out sooner or purchased what i could afford within 20 mins of the city.
James made some good points. In saying that... He has no understanding of Blockchain or how BTC works. Thats ok though. Not everyone, as yet, understands it. Hence the reason we're early.
Agree with the majority of this video - but just a thought... by narrowing your interest to purely content and attention your wealth has a time limit on it (I'm a member in your course and this is a huge goal of mine). However by investing into assets (like bitcoin, real estate, stock market) with the profits from creating content/attention/building a business, you'll wealth becomes intergenerational. I think there are layers to this - thoughts?
Work hot is small town plus 2 Crypto has a future and underlying value as the price of money is falling away But the vast majority of crypto including meme and celeb coins is ponzi/rugpull/magicbeans The strategy a lot of people stick with is wait for your asset to double in price (frequent in crypto?) and then sell half to get initial investment and let the rest ride forever and never check the price. Set a price alert for when you want a sell price
Hey James, I’m 20 doing mechanical engineering at uni and beginning to realise that living here is going to be expensive and was wondering if you had advice for people my age in this environment/ economy. Love your videos glad I discovered them through watching Chris’ podcast
Hello. I’m 30. Spent 6 years completing a 5 year degree in Chemical Engineering/Science. Trust your education. If you have the ability to get through an engineering degree you will learn life skills that you can take with you the rest of your days. I’ve just been made redundant after my plant was shutdown this year, most people I work with are older and do not have an engineering degree. So now not only have I got the experience in the industry (the same thing they have) but I also have the degree to back me up. Who do you think a prospective employer will hire. Because like it or not, we are now all competing for the same jobs available in our particular industry.
I respect you a lot man, agree with everything you’ve said in the video my friend. Would be great to see you and film a podcast or something in the future to discuss all these things man as I feel we share a lot of the same viewpoint and can have productive debates🙏 Keep progressing forward my friend, hopefully we get to meet one day in UK if you are not against it man and when I’ve built up more of an audience so you can recognise me mate😂🙏 Keep going James😁
I like when you make comments about subjects you’ve clearly spent the time on. Crypto is not one of them. Painting blockchain investing with the broad brush of “crypto” is unfair. PS, Bitcoin is also 16 years old with a ~ 2 trillion market cap. I wonder what year and cap needs to pass before the uniformed recognise.
In terms of learning the basics of Crypto and you want to watch a genuine guy who isn’t out there to rip you off and talks sense. I would watch 2 guys. James from “Invest answers” and Raoul Pal. You don’t have to watch it and trade it. Just put a few quid in the highest market cap coins like BTC, ETH, SOL and SUI. Come back to it in 2030 then take whatever profits you like from it. If you overthink crypto you will cock it up. I’m with you on though on property. Stamp duty is a massive rip off that should be scrapped.
Crypto whilst full of scams is the fastest growing asset class of all time and once you don't go full retard and buy harrypotterinu or shit like that and stick to the majors, over time it can be quite profitable.
For crypto you are seeing the survivorship bias right now, crypto is in the news now, probably not a time to be buying, buy when it isn’t hot, then sell when it is hot. Let’s talk to those same people in 12 months time. Advice is to first work on yourself, get a decent job/side hustle then go from there
It was his opinion and as such should not be taken as advice. Entertaining. Bitcoin has just as much chance of being a good investment as becoming a creator.
Great video but my ten cents is you’re off the mark with crypto…. The previous generation had houses, our opportunity is crypto and online business. Sure there’s volatility but if you study the four year market cycles, dollar cost average in when nobody else is interfered and setup your portfolio with the right risk metric the results can be transform your life. I’ve worked fairly hard on social media, not really very hard on crypto and yet the results for crypto outweigh anything else I’ve been doing by a long way…
Yeah that's great, if inflation didn't exist and the value of money wasn't worth less if you are older and less healthy and less able to do things and novel experiences
I think everybody understands compound interest LOL. Its just that most people don't want to live poor and eat carrot soup until you are 65 and then have 1M dollars to "enjoy". You are statisticly more likely to be dead or to old (sick, poor health) to really enjoy your "retirement". Live life now bro, not when you need someone to wipe ya ass. But each to their own, get rich now, not later.
@@AiSteve3 I said don’t drink Starbucks. I didn’t say don’t enjoy yourself. It goes by fast my friend. Seems like last week I was 22. 52 now. It’s just one way to maximize wealth. You can do all the things James says too. I did. Live for today, plan for tomorrow.
@@Sx-xy2zi It doesn’t have to be one or the other. Just take your Starbucks money and invest it. Maximize your growth. It’s A proven, guaranteed method.
Having been into crypto for over 10 years its amazing how predictable the 4 tear crypto cycles are, they align with the Bitcoin halving and US election year. Most people lose money in crypto as they fall into the same mistakes (myself included) but with time you learn. Theres a reason some people always come out on top, they take the time to study and understand exactly whats going on. The right time to buy into the market was well over a year ago, Im in a position now where I cant lose Im up so much
Your view on crypto is too naive. Bitcoin is the perfect form of storage for the money made from your economic activity. This is because it is the best hedge against inflation. You cannot make more bitcoin. All other crypto is a bet, and should be avoided. Bitcoin is now the 6th largest asset class in the world, and will become the largest asset class by 2024.
Crypto is dumb. Avoid. End of debate. Its promoted by those holding because if they dont, their asset goes down... No intrinsic value and theres always someone else the other side of the transaction. You're very unlikely to be the 0.1% that makes it.
let me put a placeholder templates for any bro's coming in to reply, just so it's easier and faster : "but you need to do your own research" "you don't understand the crypto" "good luck being poor with fiat money"
Interesting perspective as always from James.
100% agree in the basic premise that modern life is a basically a scam that will keep most trapped in the middle class wasting their best years before “retirement”.
However for me, the content creation route is not good advice for everyone.
James hit this market with a great personal brand at the perfect time. The “market” is much more saturated now and I think it is 10x more difficult to differentiate yourself.
The existence of videos like this illustrate the point. My feed is full of content about making content, and offers of paid tutorials on how to become a content creator. When creators are looking to earn from teaching others how to create then I’m suspicious as to the direction of the market (not that James generally falls into this category).
Could be persuaded otherwise!
30 seconds in and I paused the video before I find out what you say. Surely the first thing you’re going to say is invest in yourself.
Investing with a long term time horizon is the key to success whether it be stocks, crypto, property…….whatever
2 mins 48 seconds in - Crypto…ask yourself is the world more digital than the previous day?
Solana, SUI and other blockchains are a threat to traditional finance mechanisms like Visa & Mastercard in a sense they both collect hundreds of billions a year in transaction fees which are taken away from small and larger businesses. Crypto can reduce this fee by 1000x and the transaction settles within less than 400 milliseconds.
Not sure what’s more likely, becoming a crypto millionaire or Sunderland coming through with a 4-0 win 😆
Seriously though, what a great video. I never actually thought that a short 15 minute video by you would have such an impact in my way of thinking and be relevant to what I do in a way.
A lunch break well spent. Cheers James 🤝
mic was a tad intense
gold video as always
It was loud he's bootcamping us 😅
So many truths, delivered in succession and NGAF. Appreciate the honesty @James Smith
This is what I needed to see to get back creating on my channel. Cheers mate
With every video like this I watch the more happy I get for starting my TH-cam channel and becoming comfortable at sucking in front of the camera and getting better each time. Great video as always mate!
Hi James, love your content but happy to discuss why Bitcoin is not a ponzi. It is (and will stay imho) the best performing asset with the highest ARR on a long enough timeframe (+4 years). Cheers!
i second this - this man needs educating on crypto as an asset class. If all he is hearing about is the hock girl meme coin and thinks bitcoin will be used a currency, he isnt hearing the correct content imo.
youre right its not a ponzi scheme, its a greater fool scheme.
I find a lot of the free stuff in life is usually the most enjoyable. A walk with a friend, surfing, meditating, exercising, drawing, volunteering to an organization that helps people in need. Do a video on "how to save" and not spend on dumb shit so you not then caught in the debt trap society sucks you into. What most people don't realize is what the definition of "rich" means to them...don't buy the bullshit people sell you on social media and the internet
Well said my friend, the best stuff in life is free. People really need to spend less and live to their means to become ‘rich’.
I did purchase my first O/O house in my early 20's and further out in the Sydney suburbs though on my own. Which i still own some 15 years later but have moved to the East, looking back im glad i bought when i did, but wish i had of moved out sooner or purchased what i could afford within 20 mins of the city.
Spitting facts at 9:00. That’s why I put up with paying my high rent at the moment. for those exact reasons
Damn, the perspective shift is great brother. Love the vid, has definitely sparked some thoughts on next steps… 🙏🏽
James made some good points. In saying that... He has no understanding of Blockchain or how BTC works. Thats ok though. Not everyone, as yet, understands it. Hence the reason we're early.
Agree with the majority of this video - but just a thought... by narrowing your interest to purely content and attention your wealth has a time limit on it (I'm a member in your course and this is a huge goal of mine). However by investing into assets (like bitcoin, real estate, stock market) with the profits from creating content/attention/building a business, you'll wealth becomes intergenerational. I think there are layers to this - thoughts?
That’s a genius way at looking at content creation 👌
Great content as per usual , but James you should consider putting some dollar into index funds incase TH-cam goes south in the coming years..
love your channel man, as always 🤜🏻
Work hot is small town plus 2
Crypto has a future and underlying value as the price of money is falling away
But the vast majority of crypto including meme and celeb coins is ponzi/rugpull/magicbeans
The strategy a lot of people stick with is wait for your asset to double in price (frequent in crypto?) and then sell half to get initial investment and let the rest ride forever and never check the price. Set a price alert for when you want a sell price
Ok I'll buy the Porsche
Off subject, loving the mullet 😂
Hey James, I’m 20 doing mechanical engineering at uni and beginning to realise that living here is going to be expensive and was wondering if you had advice for people my age in this environment/ economy. Love your videos glad I discovered them through watching Chris’ podcast
Hello.
I’m 30. Spent 6 years completing a 5 year degree in Chemical Engineering/Science.
Trust your education. If you have the ability to get through an engineering degree you will learn life skills that you can take with you the rest of your days.
I’ve just been made redundant after my plant was shutdown this year, most people I work with are older and do not have an engineering degree.
So now not only have I got the experience in the industry (the same thing they have) but I also have the degree to back me up. Who do you think a prospective employer will hire. Because like it or not, we are now all competing for the same jobs available in our particular industry.
I respect you a lot man, agree with everything you’ve said in the video my friend. Would be great to see you and film a podcast or something in the future to discuss all these things man as I feel we share a lot of the same viewpoint and can have productive debates🙏 Keep progressing forward my friend, hopefully we get to meet one day in UK if you are not against it man and when I’ve built up more of an audience so you can recognise me mate😂🙏 Keep going James😁
Thanks James, quality advice!
I like when you make comments about subjects you’ve clearly spent the time on. Crypto is not one of them. Painting blockchain investing with the broad brush of “crypto” is unfair. PS, Bitcoin is also 16 years old with a ~ 2 trillion market cap. I wonder what year and cap needs to pass before the uniformed recognise.
Oamaru getting a mention 😂 I live in Wanaka a few hours from there
Wānaka is paradise though 😂
Epic place to be
@@videosibueno definitely can't complain 🙌
You need to speak to Raoul Pal, Real Vision.
In terms of learning the basics of Crypto and you want to watch a genuine guy who isn’t out there to rip you off and talks sense. I would watch 2 guys. James from “Invest answers” and Raoul Pal. You don’t have to watch it and trade it. Just put a few quid in the highest market cap coins like BTC, ETH, SOL and SUI. Come back to it in 2030 then take whatever profits you like from it. If you overthink crypto you will cock it up.
I’m with you on though on property. Stamp duty is a massive rip off that should be scrapped.
Crypto whilst full of scams is the fastest growing asset class of all time and once you don't go full retard and buy harrypotterinu or shit like that and stick to the majors, over time it can be quite profitable.
inb4 bot replies
agree
is this all people can talk about when it comes to investing bitcoin!!! James stick to health and wellbeing, please.
Would debate you about crypto and Bitcoin.
You would lose. He is speaking facts lol
For crypto you are seeing the survivorship bias right now, crypto is in the news now, probably not a time to be buying, buy when it isn’t hot, then sell when it is hot. Let’s talk to those same people in 12 months time.
Advice is to first work on yourself, get a decent job/side hustle then go from there
What camera are you using?
FX3
Didn't know your parents were Australian
It was his opinion and as such should not be taken as advice. Entertaining. Bitcoin has just as much chance of being a good investment as becoming a creator.
Great video but my ten cents is you’re off the mark with crypto….
The previous generation had houses, our opportunity is crypto and online business.
Sure there’s volatility but if you study the four year market cycles, dollar cost average in when nobody else is interfered and setup your portfolio with the right risk metric the results can be transform your life.
I’ve worked fairly hard on social media, not really very hard on crypto and yet the results for crypto outweigh anything else I’ve been doing by a long way…
You don’t understand the concept of compound interest. Don’t drink Starbucks coffee and invest in an index fund. Thank me later.
This guy gets it!!! 🙏🏼🙏🏼🙏🏼
Yeah that's great, if inflation didn't exist and the value of money wasn't worth less if you are older and less healthy and less able to do things and novel experiences
I think everybody understands compound interest LOL. Its just that most people don't want to live poor and eat carrot soup until you are 65 and then have 1M dollars to "enjoy". You are statisticly more likely to be dead or to old (sick, poor health) to really enjoy your "retirement".
Live life now bro, not when you need someone to wipe ya ass.
But each to their own, get rich now, not later.
@@AiSteve3 I said don’t drink Starbucks. I didn’t say don’t enjoy yourself. It goes by fast my friend. Seems like last week I was 22. 52 now. It’s just one way to maximize wealth. You can do all the things James says too. I did. Live for today, plan for tomorrow.
@@Sx-xy2zi It doesn’t have to be one or the other. Just take your Starbucks money and invest it. Maximize your growth. It’s A proven, guaranteed method.
Having been into crypto for over 10 years its amazing how predictable the 4 tear crypto cycles are, they align with the Bitcoin halving and US election year. Most people lose money in crypto as they fall into the same mistakes (myself included) but with time you learn. Theres a reason some people always come out on top, they take the time to study and understand exactly whats going on. The right time to buy into the market was well over a year ago, Im in a position now where I cant lose Im up so much
😂 Kalgoorlie wouldve been way worse than Oamaru surrreeely.... except for the ladies flown in to work at the bars ofcourse lol
Then at 60 you don’t give a fuck about anything that costs money anyway 😂 it’s all about balance unfortunately, as boring as that sounds
Your view on crypto is too naive. Bitcoin is the perfect form of storage for the money made from your economic activity. This is because it is the best hedge against inflation. You cannot make more bitcoin. All other crypto is a bet, and should be avoided. Bitcoin is now the 6th largest asset class in the world, and will become the largest asset class by 2024.
Number 1
Crypto is dumb. Avoid. End of debate. Its promoted by those holding because if they dont, their asset goes down... No intrinsic value and theres always someone else the other side of the transaction. You're very unlikely to be the 0.1% that makes it.
let me put a placeholder templates for any bro's coming in to reply, just so it's easier and faster :
"but you need to do your own research" "you don't understand the crypto" "good luck being poor with fiat money"
@ aha yeah they love this.
@@bensmith7956 Tripled my money on bitcoin this cycle and on my way to quadrupling my money on ETH. You have to be smart.
Facts
I think you are wrong about crypto
Nah id rather just buy unicorn mommy coin
am i first?