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While the wealthy people aren’t strapped for cash most all of them if not all their assets are tied up in their companies real estate, etc. it’s not sitting in the bank if you went to the bank, you could not pull out $100 million probably not even in a weeks time
Nicole, I'm sorry to have to tell you that you are very wrong about rich people. Within sociology it has for many decades been a well-established fact that rich people on average are far less criminal, more altruistic, healthier, better looking and more intelligent than poor people.
yet, you seem to want to become rich by telling us to support your sponsors. I bet those sponsors are rich, why are you serving to them? You seem to have no morals. Like your previous videos, How to be rich. You claimed, Find a second job. What an advice, like nobody can come up with such advice. You are not money specialist. All you do is trying to scam poor people to watch your show.
@@robopalo8041 - agree. Envy can make the majority say, believe and do the most terrible things. Pol Pot's extermination of wealthy and enducated Cambodians comes to mind. Mao's so-called cultural revolution is another example.
My wife and I are multimillionaires. Our neighbours have no clue. We live in a working class neighbourhood, our kids play with the other kids and that’s what we have been raising them. We drive two Hondas, nothing flashy. No mortgage and our home is no different than the house next door. We love our jobs, kids are in public school system. We want to be accepted for who we are, not what we have.
What are you going to do with your money? I see so many millionaires and their behavior, like yours, suggests they will never spend their money. So what's it for? I've done the same but what are we doing? Are we actually going to retire early is it all for a rainy day?
Seriously consider private school. It'll set your kids up with a chance to have much more successful friends, support groups, moral and social circles. I've personally seen this be the case.
@@aaron___6014 I am not a millionaire. I fear wealth. There is a famous quote about a camel and a needle. Money is coming easily recently, and I have begun loaning money, interest free to friends, and loved ones with the full knowledge that some may not pay me back. All of them have, so far. Their gratitude surpasses the 8% I would get from investing. And no lawyer can take my loved ones gratitude away from me. I cannot say the same for money. If ever I were to need a no interest loan, I will have dozens of places to ask. Lawyers also do not have access to that line of credit. In the event that some knucklehead lawyer wants money from me. I cancel all the loans. There is no paperwork, there is only the power of the relationship. There is no legal obligation. That is one suggestion for what to do with excess wealth.Share it. Over and over again.
@@aaron___6014 Maybe they are teaching their children to compete and earn opportunities and be resilient like the students in the public schools who can't afford the same needs.
@@aaron___6014 Maybe they are teaching their children to compete and earn opportunities and be resilient like the students in the public schools who can't afford the same needs.
My uncle told me that when he was a teenager, he used to make money as a golf caddy - carrying clubs, collecting stray balls (snigger), etc. He did this at 2 different golf clubs, one was a normal, middle-class golf club, and the other was a super exclusive mega-wealthy 'must have an annual income that could fund a revolution in Africa to gain membership' place. He said he much preferred the 'middle-class' place, because they tipped WAY better, and not only that, but they were much more polite.
I went to high school with a guy who made it to the NFL. His words of "money doesn't change people, it changes the people around you" I will always remember
Well that’s been the opposite of my experience, and you sound like a slave and a peasant, powerless…. I don’t know where YT dredges up all this low energy people from…lol
Well I’ve known and seen the exact opposite, you seem like a very disempowered person, defending your oppression…. YT is loaded with these low energy types, zombies, where do they come from,,,? Goodluck🎉
@@Pancakes4dindin I think he meant, Money doesn’t change THE PERSON who has money, but rather those around him who suddenly attach themselves to this person in hopes of profiting.
I don’t know if I’ve ever been around truly rich or wealthy people so I can’t personally comment on the rich. But I have been around a lot of assholes. They are everywhere.
This is likely closer to the truth. Rich and poor assholes are just pointed out more because the former has no need to be, and the latter has no basis to be.
I have been around, both truly rich, wealthy people and poor people. Generally wealthy people tend to think everyone is, or could be, like them and have more than enough money to get by. They think that people that don't have enough money to get by must be lazy or have some other personal deficit. A lot of poor people also think like that, even though that don't have enough to get by. This opinion then leads them to being asshats.
I am an Australian living in England where here are thousands of years of entrenched class systems. Working as a nanny, domestic help I was treated abysmally by many families. Expected to work for free most weekends, locked up in their house during covid whilst they partied. Etc. not being paid, 3 month contracts being cancelled with no notice and being kicked out on the street. I have also worked as a stewardess on superyachts for billionaires and they were mostly nasty, selfish and totally disconnected from reality. I will never work for the rich again. It has been soul destroying.
That is amazing but not surprising. Sorry you had to deal with that crap. It likely exists in pockets here in Australia, but we are more egalitarian. If you've ever watched Below Deck (given, you have been on superyachts), you see it heaps. Many of these people seem to savour bossing the 'serving class' around.
I was reading this Psychologists column which discusses this. She said that people who are unhappy are the ones who are rude and nasty. If people are happy, they tend to be nice whether they’re shopping at Walmart or Bloomingdale’s.
I work in a research lab, with some of the smartest people in academia that I've ever met, and because we're in a combination of education and healthcare, I've always assumed that the people in the tops of these fields were the ones with morals made of titanium and ethics that would rival that of a saint. I was so damn wrong. I had a bit of an existential crisis when I realized that a lot of the smartest people around me were engaged in really deplorable behavior - everything from cheating (both in their marriage and in their job), talking down to those who were 'beneath" them and just general assholes at times. It's like they all drank a potion to inflate their ego and level of unethical behavior when they reached their positions and never left.
I work for wealthy people for the most part, for 3 decades. My observations have been that people who were given their money tend to look down on the working class. Conversely, the self made people who came from nothing and achieved wealth through their hard work and innovation, are usually down to earth and relate to working people because they have been there. You are so right about money amplifying someone's personality traits. Arrogance is usually the other side of the insecurity coin.
I think this is very true with the exception of very old money people. I live in New England and there’s a lot of old money in Boston and they’re pretty low key people who drive Subarus and wear clothes that look like LLBean. I think with old money there’s a grace and class to them and a humbleness because their families have seen their wealth go up and down depending on the market. They have expensive things but they’re pretty low key about it
The founder of the company I work for (a very rich man) was behind me and several other cars at a red light about 10 years ago. He wanted to turn right, but was going to have to wait for the light to change. Instead, he drove the car up on the sidewalk, went past us and made his right turn. This behavior was common for him I was told after relaying what I'd seen to others at work. He definitely felt entitled, that much was obvious. He also worked extensively with charitable organizations, museums and other entities trying to improve things in the city. People are complicated, that much I've learned over the years. Very, very few are 100% bad or good.
The people you think are rich, really aren't. Lots of people just pretend they're rich. In order to do this they have to rack up their credit cards, rent rather than own, and put themselves under a lot of financial stress. They're mentally stressed and and they take it out on everyone around them. If you meet real actual wealthy people, they're kind, friendly and generous.
Everyone wants to talk about the rich treating the poor badly, but no one wants to talk about the bias and envy of the poor. When I was growing up, my dad was self employed and people in our community didn't treat me very well when I was going to school. They bullied me, teachers were snide, and many were envious of what they THOUGHT that we had. In reality, between operating expenses and equipment payments, we were maybe just slightly about average. We weren't rolling in it by any means. I have sense been able to do much better and now I think I am actually at the level that everyone thought we were 20 years ago. It goes both ways. Now that I am able, I do try to help SOME people who aren't doing as well as me. When I was in school, I never acted better than anyone. I tried to be kind regardless of how I was treated. People can be assholes, it really doesn't matter how much is in a bank account.
If you went to public school, you were in no way rich. But if you were in public school, there were likely people doing much worse than you. Slightly above average means that you were upper middle class. You had lunch money, wore shoes without holes, maybe had a name brand shirt or two, and didn't have to skip field trips because you couldn't afford the museum fee. You probably had a breakfast before heading to school, had a warm coat for the winter, and you didn't have to get a job in high school to pay for your own clothes and school supplies--and loan your parents money when they came up short. Among the poor and middle class, there's often war going on, as everyone tries to get a little bit ahead of the person beside them. Your wealth or poverty is a tool someone will use to knock you down. If you're rich, you get bullied for it. If you're poor, you get bullied for it. If you're tall, you get bullied. If you're short, you get bullied. In this pecking order, you can seem taller when you're standing on someone else's body. I never envied the rich. There's a lot of superficial worship that goes on that I just don't get. Having certain THINGS put you higher in the pecking order, and it just seemed weird to me. I really believe empathy has to be learned. You can teach your kids to be kind, but for them to really get it, they need to be able to see themselves in others. They need to be able to draw parallels. "Did you like it when Adam called you that name? Okay, so why would you call Eric a name?"
I wish it were like that here. I feel like I'm hit with a rich person's ticket my first one. I tried to get a deferral but the dodged it pretty sure I have to pay they never notified me of court I thought the ticket was gone over half a year later suddenly receive a final notice.
I have not dealt with the truly wealthy but throughout my 55 years I have observed that the kindest, friendliest and most caring people are the mid to upper middle class. I grew up lower middle class and the people around us were typically just nasty, mean, angry people. The schools i went to had a lot of poor and mostly lower class to lower middle class and it was the same way. Gangs, drugs, fights, theft, single moms. For my own safety i ensured i was in the honors classes as much as i could. I got out of there and never looked back. High school was wild. Kids were like feral animals. My first experience outside that environment was when i took a summer class at the local community college. I was floored that students came in and quietly sat until class started. I could not believe what i was seeing. I was used to flying spitwads and erasers and people chasing each other, knocking over desks before the start of class. It was truly an eye opening moment when i realized that the world i knew was not the way it was everywhere.
It does. My mother was dirt poor and she was so friendly to all the people around her - in their face. Behind their back she said nasty things about even her closest friends. But she could not afford to be her true self. She was dependant on her social circle. She neede people who gave her a hand when something in her home broke, for example. She always made sure, she did volunteer work where everybody saw her so people would be willingly do her a favour, too.
When I did taxes and bookkeeping, I interacted with a lot of "real life" wealthy people, not Hollywood celebrities but local millionaires, people with like $10 to $30 million USD (not adjusted for inflation). The personalities were all over the place, some of those people were awesome and some were horrible. The thing is though having a lot of money like that is a big lever, it lets you have your way in things. If you already had a crap personality, you are now surrounded by yes-men. But because I did their taxes, I knew a lot of the more quietly spoken ones did a lot for local organizations that helped people in various ways and didn't call attention to it either. The thing is, reasonable rich people just don't stick out that much. Most of them were in the middle though, or did both good and bad things. Ramsey says money will make you more of what you already are, and I believe that's true. But the thing is, I think the more negative traits you have, the more likely you are to get rich in the first place. That's the part Ramsey misses.
Facts. My friends all bust my balls for continuing to wear $10 target t shirts every day. And telling me what I can afford and should treat myself I have no need to be flashy. It’s a complete waste. I’m perfectly happy walking into the car dealership in tattered clothing and paying for the car in cash.
Some corporations will deliberately break the law because making a legally dubious decision will result in higher profits than the cost of paying a penalty. They just simply see it as the cost of doing business.
Yep. Exactly what their shareholders, who are average everyday people like you and I, want them to do. Being wealthy doesn't necessarily mean someone or a corporation is "evil". If I owned a business I'd want to maximize my profits too. You wouldn't? Just being successful and business savvy, while some people aren't or possibly have made poor life choices or are for whatever reason not considered wealthy, isn't a bad thing.
Yep. Especially when they run the world economies. Big banks like HSBC have been caught money laundering red handed but just powerful to put out of business. Major banks like JP Morgan, Goldman Sachs, Citigroup have been caught manipulating forex markets but fined just few billions , when they make like trillions from it.. Oh ya, the biggest one are the Swiss banks that holds large cartel, syndicates money of the world , with their privacy laws. Enabling the biggest money laundering operations in the world. But what are you gonna do? They hold the worlds biggest kingpins money, nobodys gonna touch them or ever think about going to war with them.
Like the fools on the Australian Wheat Board who thought that bribes were essential for doing business with Iraq 🇮🇶 They all went to gaol. Softbrained yuppies!
The idea that a billionare could spend x amount of money to end world hunger is absurd. Most countries that do not provide their citizens with access to basic utilities are also very corrupt. Throwing money at a corrupt culture is not going to improve anyone's lives other than those at the top.
Countries aren’t supposed to “provide” anything, except maybe protection of private property rights. Quasi communism is the cause of poverty, not the solution.
African King Mansa Musa of the Mali Empire was possibly the richest man in history, worth $400 billion in today's dollars, surpassing Jeff Bezos' wealth. On his legendary pilgrimage to Mecca in 1324, he literally tried to end poverty by spending insane amounts of gold in every court he visited, some estimate it was about 10,000 pounds of gold over the trip, actually devaluing the metal for decades, leading to actual inflation in gold prices, by distributing so much of it in Egypt. And you know what ? Look at the average Egyptian today, and its clear Poverty won, because poverty ALWAYS wins, and whether you give a man 0.75 fish, and a Billionaire comes along and ups it to 1.25 fish, or even 1.75 fish it does NOTHING in the long term, and poverty returns, stronger than ever. The only real way to wealth is to produce things that other people will pay for. Look at the rise of China in the 2000's. THAT is what defeating poverty actually looks like, like the country or hate it, this is the way, the ONLY way, to actually end (to some extent) poverty, and no amount of money could do it, it requires COMMERCE, and not coincidentally, this is what made Mansa Musa so rich, before the Age of Discovery and world trade by water ate his lunch...
@@sethkeefer3456 one way that governments protect property rights is buying food for unproductive people so that they do not steal it from the grocery store, or steal money in order to buy it. Food stamps are cheaper than beefing up security everywhere. The two are not mutually exclusive.
1,538 views in 55 minutes and counting. This comes as no surprise. I see the like icon tumbling over as I nod enthusiastically at your comments and applaud loudly at my screen while raising my hands in salute to you. We have a real human before us, and we love you. Imagine if she were prime minister? 1,693 views in one hour. I eagerly anticipate your next video.
I worked as Security guard in various condos. The best people I met were living in extremely wealthy condos. No dramas, no pretentious people. Very polite, respectful people. Some a-hole, but it was like 1 or 2%. I also worked in lower class condos. Those were the worst. Owners were biggest trash. Demanding, disrespectful. Had a person demanding me to catch a bee in his unit. Such never happened in wealthy condos. Rich people never looked wealthy, dressed up moderately. Knew of a rich parking owner who was working in minus 20, advertising parking lot, looked very poor. I always felt sorry for him. Until his competitor told me, he actually owns that parking lot in downtown and also owns many loft building along main street in downtown Toronto. Yet, looking at him, I thought he was poor immigrant, freezing his ass on street, holding up a sign.
For about a decade of my life I was an interior designer. I did high-end custom residential and worked with some of the wealthiest people in my community. I would state that about 80% of them were either total assholes or completely f***** up addicts in some way. They either treated me like s**, calling my boss to report something I had done, always looking for reasons to be offended and wanting me to kiss their boots, or just talking down to me in really nasty ways. Or else they were alcoholics, sexaholics, or had severe eating disorders. I totally came to the conclusion there is about an 80% chance that lots of money really f*** your head up.
I get to visit a lot of rich people's homes as part of my job and often spend a full day there, so I get to see people in their most private moments. Most of them are generally nice, but they often have obvious mental health issues (like that one homemaker who thought finding a suitable cleaning lady was an impossible task) and a minority are straight up assholes who think they're better than you (like the one who wouldn't shake my hand when I introduced myself and berated me for doing my job). Definitely a lot of weirdos.
Your explanations & reasons were spot on. I drove taxi in the latter 80s to mid 90s off and on. I come across good and bad, nice and not-so-nice people across the entire socioeconomic spectrum. But to be totally honest, I'd say I dealt with a lot more poor A-holes than rich.
Another issue is when poor people become rich and they try to give everything to their children, and those kids end up being assholes, because their parents tried to give them a better life.
I read something one time on the subject that for me described it best: When you have money, you can do whatever you want, and don't care about what people think about it.
I grew up in a very wealthy town in the 1950s and 1960s. The old wealthy families were usually nice. The newly rich weren't. Often they were fake and would try to not pay their bills because they were in debt over their heads. Each time there was a big stock market down turn, many would be leaving town. Paul Newman was a nice guy in real life and had a pretty good sense of humour. Watch "Butch Casidy and the Sundance Kid" from 1968 if you want to see a good Paul Newman movie. Follow it with "The Sting". The wealthy can get away with things until they cross the very wealthy. Good video. Good Luck, Rick
I went to school with a lot of "new rich" kids up through grade 7 and they and their parents were obsessed with status and really horrible to deal with. In grade 8 when schools combined I met all of these "real" rich people and they were so different. Their priorities were travel, college, expensive hobbies...not showing off with flashy new cars and clothes. It was refreshing. I know those people were not perfect either but they were a lot more interesting and nicer.
@@seltzermint5 Most of the real rich guys that I knew, got sent to private schools for high school. This was the mid to late 1960s. They had more drug and protest problems than we had at the public high school. Good Luck, Rick
It applies in work environnements too! Many of them who climbs the corporate ladder don't care anymore about ''regular'' workers that works for their ''bonuses''.
Just because some poor people are assholes doesn't mean the rich don't have a larger percentage. Look at it this way, there a LOT less rich people and a LOT more poor people so your odds of knowing a poor asshole are substancually larger. But ACTUAL research (by pesky sociologists that the rich want you to ignore) shows that as people gain wealth they loose empathy. So.... no one (at least not me) is saying the poor are immune from being ass-hats because they aren't. It's just that humans of all races, ethic backgrounds, religions and gender tend to become a lot less empathic (i.e. "assholes") as they gain more wealth and power so the percentage of "asshole'ness" goes up signficatly in that very small subsection of our society. However most of us don't run in these circles nearly as often so we only experience the wealthy through the filter of the media, a filter the rich get to mold for our consumption.
@@silentnot4812 Some people are rich because they deserve to be. There is nothing worse than hateful jealous people who think money will solve all their problems and harbor hate for people who either earned their wealth, or are good stewards of what has been granted to them. Good people and bad people come with every different sized bank account.
One of my BFFs is worth 10M plus. Drives a regular car, nice home but not ridiculous, wears wal mart and target clothing and does not show it off what so ever. Another guy I know, who most people dislike has about the same level of wealth. 100K auto, designer clothes, young wife, looks down at people who are frugal and has no real friends
Love what you do. Many years ago, my parents shared an elevator in Vegas with Newman. They were amazed by his decency and lack of hubris. I commented regularly on the effects of fines and insurance increases on working people who make errors that result in red light cam citations. The thing that amazed me was that, even where it was demonstrated that there was no safety advantage, I rarely got the support that I should have gotten. I came to believe that the poor and working poor admire and respect the rich because they believe the lie that they have a reasonable chance to get rich if they only ...
I felt as if wealth was synonymous with selfishness and greed and an inability to relate to those of us who think “uh oh, the first, rent to pay.” Then a friend - a very wealthy friend - handed me a check for $15k. I was without words. Shocked. Because I was no longer earning and doing my best to live on my Social Security stipend. Then she said, “you’ll be getting this check every year for the rest of your life.” Though a stipend for her, a lifeline for me. So my attitude now? Certainly less poor-arrogant.
You touched on the subject. People who research psychopathic traits have found that extreme selfishness and lack of empathy can promote success in our business environment. CEO's are more likely than people further down the corporate ladder to exhibit these tendencies. A researcher gave a former CEO an "Are you a psychopath?" test without telling him that's what is was. After the test, he informed the CEO that his psychopathy score was really high. The response: "So?" In these cases, becoming wealthy didn't transform them. It just made them more effective at being nasty.
Socialism has failed everywhere it has been tried. Instead of filling your heart with jealousy, work to earn your own money. Nearly every western country is free enough to allow you to do this. I suggest real estate. Save up a down-payment on a rental apartment.
I do agree with the general theme of your video, but a lot of the examples you used, such as letting your dog crap anywhere, and doing dangerous stuff on the road, apply more to broke f***ups than to wealthy people. During the pandemic, a lot of, shall we say, downtrodden individuals moved into my apartment complex. It was a nightmare. They didn't pick up their dogs' waste, and one particularly troublesome individual beat up a mentally disabled person and trashed someone's car. And all that is just scratching the surface. It wasn't safe or pleasant around here until new management took over and thankfully gave those troublemakers the boot.
I know one thing. If you suddenly become "well off" from your investments you become an asshole to certain people. Those are the people expecting you to send them some of your money to bail them out of their stupid decisions again and again. It does get so bad you may need to move and leave no forwarding address.
I'm one of those "well off" due to the crazy Mag 7 bull runs that's made me more wealth than I know what do with. Friends/family only know I no longer work, but they don't know how much I have because I'm not making extravagant purchases, posting flashy things and screaming "I'm rich! Give me the attention I deserve!". I still live in my middle-class tract home with my 10-year old car and nothing to show for the wealth I accumulated, so there's absolutely no drama from people asking me for money or anything like that. Borrowing an old navy term and modifying it a little: "loose lips, sink RELATIONships".
@@Mxyzptlk30 No one knows how much I have and I don't drive flashy cars or live in an upscale house or neighborhood. It's more the fact I help certain people who really need my help because it's the right thing to do if I have extra. The problem is THEY tell others about how they were blessed with the help. Then those who just are takers start hovering around. I am not shy at all at telling them to stop the begging and they are getting nothing. They are no loss to me. No different than human buzzards.
Money basically magnifies what you already are. If you are a as**le but you are poor, you won't show it because the consequences can be terrible (lose your job, your family, friends, etc). But if you are rich, or wealthy, you can get away with it. Money is just a tool, nothing else.
Nicole, you cover the most relevant topics and in a very balanced and informative way. Thank you. And on this one, which explains so much when you think of the unfathomable income disparity that's developed over the past few decades, and the small but uber powerful cadre of .00001 percenters with all the power, it explains a lot of the apparent cruelty, disdain and greedy "f**k you" attitude behind so much in the political realm. We must remember though, we outnumber them and they do in fact need us to consume, so there's that....
Rich people and Financially Educated people don't care about your drama of miserable life caused by stupid financial mistakes... Unless they want to sell you something...
Nicole I'm really lucky because I grew up near Sudbury in severe poverty. The first years of school I went to a public school with rich British kids in nice homes. They wore expensive clothes , had exotic lunches, owned horses, cannon cameras and went to Europe on summer break. They were all well behaved polite and good human beings. By 8 years of age I had a nestles quick can , pennies and a desire to be rich. Now, in retirement my only problem is that I don't like spending money after 50 years of conditioning.
I've known a lot of people that don't have money but they just have the right connections and the right people also remember that higher class and richer people know how to act right and talk right and don't immediately turn disrespectful
LOL, you cracked me up at 12:08 when you burst out the Good Charlotte! You're right-money doesn't change who you are; it amplifies who you already are. And yeah, there are definitely some weird and mean rich people out there. But sometimes, you meet charming and kind individuals, like my longtime friend and his family. On the flip side, I’ve seen middle- or working-class people who seem super nice but become just as mean when they gain a tiny bit of power or the upper hand(especially in the work place). To me, money represents power. And perceived power allows people to show who they truly are.
So true! Money amplifies who you truly are. I live in North Carolina, a lady on news once said, " rich people are smart enough to know to change the taillight if it burns out, so we shouldn't be forced to have our cars inspected every year". The sad thing about that statement is it worked! In this state you don't have to have a complete vehicle inspection every year as your car is 5 year old or newer.
So basically, you can just volunteer at food bank. They might even need a full time employee. Save a lot and become rich after investing and don't give a cent to anyone.
@@verdtre4573 Why not? I am disabled myself and don't work, but I try to volunteer at food bank. I know I'm not from US, but people there are decent, there's online registration system and you can do only one task. You can arrive late and nobody will say anything to you, so basically it's very nice. I regularly see some old volunteers, like in 70s and 80s and they are fine.
What really upsets me the most is the people that give a donation or donate for a cause. It’s another photo shoot and tax write off . There are so many of us who do what we can to help and donate . And we refuse to be photographed or named. We the unnamed are the richest.
I worked in a Doctor's office and we had a real estate guru worth $20 million plus who got gave us a world of trouble when we asked him for a $10 copay. In front of middle and working class patients for bonus points.
You are right in just about everything you said, but there is a counter-argument. As an American abroad years ago, I was stereotyped as rich because I was white. You would not believe the contempt, sarcastic comments, envy and unkind looks that rich people are sometimes subjected to, as others subject them to shaming language, demands to share and pay for everything. To support your argument, however, there is an expression, that power corrupts, and absolute power corrupts absolutely. Thank you for the video.
“If you can afford the punishment, then you have to abide by the law.” Interesting point. Earlier this year I visited Stratford, England which is the birthplace of Shakespeare. We passed by the school he went to as a child. We learned that, at the time, if the rich kids committed a disciplinary action, the parents would pay the school to punish a child from a poor family.
People always look at whomever has more money than them as being rich, then complain about those people not being virtuous enough. My guess is just about everyone watching this could give more than they do.
More money just makes people more of what they already are. If you're generous, more money will make you more generous. If you're greedy, more money will make you greedier. If you're a prude, money will make you an even bigger prude.
Food for thought: The Kardashian family is in fact a real-life Butterfly Effect. Like the movie, one tragic event made people by association in sanely rich.
Well done. I wish more would speak out about this issue; it needs to be SUPER LOUD so that everyone can hear and see it, then hopefully they will call it out as well.
I'm not an asshole, or at least I don't think I'm one (and my wife and three rescue cats certainly seem to tolerate my existence), but a lot of my relatives think I'm a selfish jerk. They think the same thing about my sister. We come from the ranks of the lower middle class, but my sister and I were the only ones out of a large group of cousins lucky enough to have grown up in a stable household; all the others being plagued by abuse, alcoholism, drug dependency, broken marriages, teenage pregnancies, criminal activity, and a whole host of other social ills. My sister and I both managed to make the transition through middle class to upper middle class, namely by graduating from high school, being frugal, and exercising impulse control. Out of all our cousins, we are the only ones who (so far) have never spent a night in jail. Really, I'm not being hyperbolic. Since my sister and I have stable incomes and drive cars with color-matching body panels, our cousins see us as "rich" and used to constantly hit us up for money. These requests were usually accompanied by some story about needing to make rent, buy diapers for their illegitimate children, or a cockamamie get-rich-quick "investment opportunity." I was kind of a big softie in my younger years and would fall for it, only to see my donations get poured out of a bottle or smoked out of a pipe. Now I just give a firm "no," for which I am branded mean. My sister as well. However, there have been a few exceptions. For example, a few years back one of my cousins died destitute and early (turns out long-term drug use and alcoholism can do a doozy on one's health), and her children weren't that much better off. I paid for the cremation, but I paid directly to the funeral home, not the kids. Luckily, both my sister and I have moved far away from our hometown, so it isn't much of an issue now, but we are still warry. Just last week I received a FB friend request from a cousin I haven't seen or heard from in about two decades. Just three days after accepting, she sent me a DM asking for help with renovating her house. I noped out and immediately unfriended her. So, I don't necessarily think that wealth makes someone an asshole, but it can certainly appear so to the people around them, especially when there is a disparity of affluence to take into consideration.
We don’t hear about the rich that are giving and kind. They rather stay out of the spotlight. My uncle is a billionaire and wears old clothes, volunteers on search and rescue and gives much of his money to local charities. Many of his rich friends are the same.
People who do the right thing outside popular scripts are seldom recognized, even if they were to go public with their good deeds. Our culture is filled with envy, and is not amenable to stories that are contrary to their stereotypes.
Unfortunately, people of all income brackets are becoming increasingly entitled, narcissistic, arrogant and rude. People walking down the street have their noses stuck in their phones and don't watch where they're going. Self discipline and common sense have also fallen by the wayside.
I've seen mostly women berating retail clerks in on line videos and supposedly 58 percent of all adult females in the US are on some type of medication for mental issues. It's got nothing to do with wealth, more so upbringing and respect for others regardless of their circumstances.
And driving skills for self preservation are lacking severely. What a sick bunch of self involved people, who basically have no decency. Apparently STOP means.. maybe stop, maybe just drive through.
Hasn’t been my experience. I remember what a young man wrote years ago on a community board I participated in. He believed everything goes back to a person’s childhood. He couldn’t had been more right.
My biggest advantage was being raised by 2 fiscally conservative parents. Who were themselves raised by 2 fiscally conservative parents. I think money just magnifies your traits. Your financial success will change unhappy people around you so it is best to live low key
It's poor people who are A-holes in most cases. My best friend was fine until I became better off financially. I told him I was thinking about going on a 3 or 4 night (cheap) carnival cruise. The things he said to me are disgusting. Of course he blamed me after I defended myself.
I'm glad I don't have any jealous friends. At least, they don't seem like it to me. The worst reaction I've gotten to me talking finances was one friend said he didn't want to hear me call myself broke when he knew that was objectively false. I don't know if it made him feel worse or if he thought it would make me feel worse, but I did humor him for that. I helped him build a diversified portfolio on M1, and got him to set it on automatic. On his own, he started using YNAB. It's a good mutual relationship where we both want better for each other. ❤
Excellent point about fines. Rich people can pay fines easily so the fine is not a deterrent for their bad behavior. In addition, the fine doesn't even have to be paid by the offender. Anybody can come forward to pay someone else's fine.
Just as rich people grow up around people who make them a-holes, poor people grow up around beliefs and values and a-holes that keep them poor. So, when you pull yourself up out of that poor mindset, you tend to think of yourself as better than those who don't.
Did you know that in Finland, fines are proscribed in percentage points of the offender's total income/net worth? A rich Finn, who owned the biggest.meat brand in the nation went speeding in a school zone one day and had to sell off a lot of his stocks to be able to pay the fine. It was in the millions!
Very good episode ! I know very rich peoples that are very kind and humble, and middle class/ keeping up with the Jones that are arrogant and obnoxious. My parents and grandparents started with nothing and had/having a good life later and stayed good peoples. Up to now, I started the same and hopefully, will follow their path! Good jobs Nicole !
I'm not poor, I'm even more than average, but I appreciate that I have to work for every dream and delay my gratification. The most important thing, however, is that I have the luxury of having time only for myself! Time for reflection, for a bike ride with my familly, a lonely trip to the mountains. This is the essence of life.
I think it's also possible that having a lot of money allows you to freely express exactly who you are at your core anyway - if you're an a-hole at your core, money makes it easy to express that openly and without penalty. It's a bit like drinking too much alcohol - you don't become a different person, your inhibitions are lowered so you express who you really always were at your core to begin with.
There is an expression to that effect and I wish I could remember it. But it goes something along the lines: You can tell a person's true personality when they have money, power or are drunk.
Elon Musk is a prime example of that. At first, he was a humble asshole that nearly went broke with expensive EVs @ Tesla and crashing rockets @ SpaceX. Now, he's the richest, most successful businessman in the world and unabashedly shows off how much of an asshole he is with no repercussions.
High income individuals paid a higher effective tax rate in the 1950's and '60's and society , in general, was less economically segregated. A side note- A great movie and story that highlights wealthy privilege and featured Paul Newman was "The Verdict".
Survivors’ bias describes the family members I know. They’re also rewriting history with regard to others being failures, their own lack of responsibility or regard for the older generations, and other matters that fit their solo rags to riches stories.
A very interesting topic. I live in a mostly economically depressed area and all the bad behavior you listed for the rich I have seen in the lowest dirt poor people around here. not saying that invalidates what you said but imo the results of "studies" are to be taken with a grain of salt. assholes are EVERYWHERE and come in all shapes, sizes, and from all stations in life. lack of money can make someone just as big an entitled asshole as a LOT of money can.
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While the wealthy people aren’t strapped for cash most all of them if not all their assets are tied up in their companies real estate, etc. it’s not sitting in the bank if you went to the bank, you could not pull out $100 million probably not even in a weeks time
Nicole, I'm sorry to have to tell you that you are very wrong about rich people. Within sociology it has for many decades been a well-established fact that rich people on average are far less criminal, more altruistic, healthier, better looking and more intelligent than poor people.
yet, you seem to want to become rich by telling us to support your sponsors. I bet those sponsors are rich, why are you serving to them? You seem to have no morals. Like your previous videos, How to be rich. You claimed, Find a second job. What an advice, like nobody can come up with such advice. You are not money specialist. All you do is trying to scam poor people to watch your show.
@@peterwulff469 she never met rich people. Just ranting, like crazy NDP woman screaming at Queens Park.
@@robopalo8041 - agree. Envy can make the majority say, believe and do the most terrible things. Pol Pot's extermination of wealthy and enducated Cambodians comes to mind. Mao's so-called cultural revolution is another example.
My wife and I are multimillionaires. Our neighbours have no clue. We live in a working class neighbourhood, our kids play with the other kids and that’s what we have been raising them. We drive two Hondas, nothing flashy. No mortgage and our home is no different than the house next door.
We love our jobs, kids are in public school system.
We want to be accepted for who we are, not what we have.
What are you going to do with your money? I see so many millionaires and their behavior, like yours, suggests they will never spend their money.
So what's it for?
I've done the same but what are we doing? Are we actually going to retire early is it all for a rainy day?
Seriously consider private school. It'll set your kids up with a chance to have much more successful friends, support groups, moral and social circles. I've personally seen this be the case.
@@aaron___6014 I am not a millionaire. I fear wealth. There is a famous quote about a camel and a needle. Money is coming easily recently, and I have begun loaning money, interest free to friends, and loved ones with the full knowledge that some may not pay me back. All of them have, so far. Their gratitude surpasses the 8% I would get from investing. And no lawyer can take my loved ones gratitude away from me. I cannot say the same for money. If ever I were to need a no interest loan, I will have dozens of places to ask. Lawyers also do not have access to that line of credit. In the event that some knucklehead lawyer wants money from me. I cancel all the loans. There is no paperwork, there is only the power of the relationship. There is no legal obligation. That is one suggestion for what to do with excess wealth.Share it. Over and over again.
@@aaron___6014 Maybe they are teaching their children to compete and earn opportunities and be resilient like the students in the public schools who can't afford the same needs.
@@aaron___6014 Maybe they are teaching their children to compete and earn opportunities and be resilient like the students in the public schools who can't afford the same needs.
My uncle told me that when he was a teenager, he used to make money as a golf caddy - carrying clubs, collecting stray balls (snigger), etc. He did this at 2 different golf clubs, one was a normal, middle-class golf club, and the other was a super exclusive mega-wealthy 'must have an annual income that could fund a revolution in Africa to gain membership' place. He said he much preferred the 'middle-class' place, because they tipped WAY better, and not only that, but they were much more polite.
I went to high school with a guy who made it to the NFL. His words of "money doesn't change people, it changes the people around you" I will always remember
Well that’s been the opposite of my experience, and you sound like a slave and a peasant, powerless…. I don’t know where YT dredges up all this low energy people from…lol
Well I’ve known and seen the exact opposite, you seem like a very disempowered person, defending your oppression…. YT is loaded with these low energy types, zombies, where do they come from,,,? Goodluck🎉
So he contradicted himself...
That is a good one, and probably very true
@@Pancakes4dindin I think he meant, Money doesn’t change THE PERSON who has money, but rather those around him who suddenly attach themselves to this person in hopes of profiting.
I don’t know if I’ve ever been around truly rich or wealthy people so I can’t personally comment on the rich. But I have been around a lot of assholes. They are everywhere.
This is likely closer to the truth. Rich and poor assholes are just pointed out more because the former has no need to be, and the latter has no basis to be.
I have been around, both truly rich, wealthy people and poor people. Generally wealthy people tend to think everyone is, or could be, like them and have more than enough money to get by. They think that people that don't have enough money to get by must be lazy or have some other personal deficit. A lot of poor people also think like that, even though that don't have enough to get by. This opinion then leads them to being asshats.
I am an Australian living in England where here are thousands of years of entrenched class systems. Working as a nanny, domestic help I was treated abysmally by many families. Expected to work for free most weekends, locked up in their house during covid whilst they partied. Etc. not being paid, 3 month contracts being cancelled with no notice and being kicked out on the street. I have also worked as a stewardess on superyachts for billionaires and they were mostly nasty, selfish and totally disconnected from reality. I will never work for the rich again. It has been soul destroying.
That is amazing but not surprising. Sorry you had to deal with that crap. It likely exists in pockets here in Australia, but we are more egalitarian. If you've ever watched Below Deck (given, you have been on superyachts), you see it heaps. Many of these people seem to savour bossing the 'serving class' around.
Keanu Reeves is an example of a good rich person and he doesn’t even advertise all the good that he does. And being hot on top of it doesn’t hurt.
Don’t forget Chow Yun Fat
better to advertise. inspire people
Markiplier is another
The biggest TH-camr Pewdiepie is another example.
Keanu Reeves is down to earth really good person. It might have something to do with the fact that he is Canadian I'm just saying.
Many poor people become assholes too.
Those were always assholes they just couldn't show it, and once they have money, their true self comes out, I know a few of those.
It can go both ways due to resentment or greed. It can be a lack of perspective to lack of empathy as well.
- totally agree. I'd any time prefer wealthy neighbors over poor ones.
They might have reason to be....
@@dabeagepeople always have a choice …
How dare you trash the wealthy! Do you know who I am! 😂
😂
well played.
You can enjoy your monopoly bucks, we idgaf about that
I was reading this Psychologists column which discusses this. She said that people who are unhappy are the ones who are rude and nasty. If people are happy, they tend to be nice whether they’re shopping at Walmart or Bloomingdale’s.
I work in a research lab, with some of the smartest people in academia that I've ever met, and because we're in a combination of education and healthcare, I've always assumed that the people in the tops of these fields were the ones with morals made of titanium and ethics that would rival that of a saint.
I was so damn wrong.
I had a bit of an existential crisis when I realized that a lot of the smartest people around me were engaged in really deplorable behavior - everything from cheating (both in their marriage and in their job), talking down to those who were 'beneath" them and just general assholes at times. It's like they all drank a potion to inflate their ego and level of unethical behavior when they reached their positions and never left.
academia haha
If it's academia, they can't really be that rich or academia has become even more rotten and corrupt than I thought.
I work for wealthy people for the most part, for 3 decades.
My observations have been that people who were given their money tend to look down on the working class.
Conversely, the self made people who came from nothing and achieved wealth through their hard work and innovation, are usually down to earth and relate to working people because they have been there.
You are so right about money amplifying someone's personality traits.
Arrogance is usually the other side of the insecurity coin.
I think this is very true with the exception of very old money people. I live in New England and there’s a lot of old money in Boston and they’re pretty low key people who drive Subarus and wear clothes that look like LLBean. I think with old money there’s a grace and class to them and a humbleness because their families have seen their wealth go up and down depending on the market. They have expensive things but they’re pretty low key about it
Yeah but when you see poor people making bad choices over and over you only associate with the financially stable.
It's more about gaining money inflates ego too much and they don't know how to deflate it, so they don't and become your average wealthy asshole.
This is why in Finland fines are higher for rich people.
Fine people for being successful. Lovely
No, but fines depend on income there
@@andreabellini6796 No, the fine is for breaking the law. The amount of the fine is based on income.
So if it's income based you limit your infractions of the law to low profit years.
@@andreabellini6796 Breaking the law = being successful? What world do you live in?
The founder of the company I work for (a very rich man) was behind me and several other cars at a red light about 10 years ago. He wanted to turn right, but was going to have to wait for the light to change. Instead, he drove the car up on the sidewalk, went past us and made his right turn. This behavior was common for him I was told after relaying what I'd seen to others at work. He definitely felt entitled, that much was obvious. He also worked extensively with charitable organizations, museums and other entities trying to improve things in the city. People are complicated, that much I've learned over the years. Very, very few are 100% bad or good.
Very true
The people you think are rich, really aren't. Lots of people just pretend they're rich. In order to do this they have to rack up their credit cards, rent rather than own, and put themselves under a lot of financial stress. They're mentally stressed and and they take it out on everyone around them. If you meet real actual wealthy people, they're kind, friendly and generous.
Everyone wants to talk about the rich treating the poor badly, but no one wants to talk about the bias and envy of the poor. When I was growing up, my dad was self employed and people in our community didn't treat me very well when I was going to school. They bullied me, teachers were snide, and many were envious of what they THOUGHT that we had. In reality, between operating expenses and equipment payments, we were maybe just slightly about average. We weren't rolling in it by any means. I have sense been able to do much better and now I think I am actually at the level that everyone thought we were 20 years ago. It goes both ways. Now that I am able, I do try to help SOME people who aren't doing as well as me. When I was in school, I never acted better than anyone. I tried to be kind regardless of how I was treated. People can be assholes, it really doesn't matter how much is in a bank account.
If you went to public school, you were in no way rich. But if you were in public school, there were likely people doing much worse than you. Slightly above average means that you were upper middle class. You had lunch money, wore shoes without holes, maybe had a name brand shirt or two, and didn't have to skip field trips because you couldn't afford the museum fee. You probably had a breakfast before heading to school, had a warm coat for the winter, and you didn't have to get a job in high school to pay for your own clothes and school supplies--and loan your parents money when they came up short.
Among the poor and middle class, there's often war going on, as everyone tries to get a little bit ahead of the person beside them. Your wealth or poverty is a tool someone will use to knock you down. If you're rich, you get bullied for it. If you're poor, you get bullied for it. If you're tall, you get bullied. If you're short, you get bullied. In this pecking order, you can seem taller when you're standing on someone else's body.
I never envied the rich. There's a lot of superficial worship that goes on that I just don't get. Having certain THINGS put you higher in the pecking order, and it just seemed weird to me.
I really believe empathy has to be learned. You can teach your kids to be kind, but for them to really get it, they need to be able to see themselves in others. They need to be able to draw parallels. "Did you like it when Adam called you that name? Okay, so why would you call Eric a name?"
Some countries have traffic ticket amounts that vary accordingly to the violator's income so it teaches rich people not to break the rules
Finland. Millionaire Finnish businessman hit with €121,000 speeding fine in 2023, one of the highest traffic fines ever issued.
I wish it were like that here. I feel like I'm hit with a rich person's ticket my first one. I tried to get a deferral but the dodged it pretty sure I have to pay they never notified me of court I thought the ticket was gone over half a year later suddenly receive a final notice.
I love how you conflate the trafficking of people and extortion with education, real nice there!
so poor people should not be allowed to drive then as they should adjust to their living conditions.
We need this in the UK, people drive like entitled assh*les!
I have not dealt with the truly wealthy but throughout my 55 years I have observed that the kindest, friendliest and most caring people are the mid to upper middle class. I grew up lower middle class and the people around us were typically just nasty, mean, angry people. The schools i went to had a lot of poor and mostly lower class to lower middle class and it was the same way. Gangs, drugs, fights, theft, single moms. For my own safety i ensured i was in the honors classes as much as i could. I got out of there and never looked back. High school was wild. Kids were like feral animals. My first experience outside that environment was when i took a summer class at the local community college. I was floored that students came in and quietly sat until class started. I could not believe what i was seeing. I was used to flying spitwads and erasers and people chasing each other, knocking over desks before the start of class. It was truly an eye opening moment when i realized that the world i knew was not the way it was everywhere.
The following quote is actually attributed to the actor Johnny Depp I believe: "Money doesn't change people - it reveals them."
Exactly. That's who they were all along.
It does.
My mother was dirt poor and she was so friendly to all the people around her - in their face.
Behind their back she said nasty things about even her closest friends.
But she could not afford to be her true self.
She was dependant on her social circle.
She neede people who gave her a hand when something in her home broke, for example.
She always made sure, she did volunteer work where everybody saw her so people would be willingly do her a favour, too.
When I did taxes and bookkeeping, I interacted with a lot of "real life" wealthy people, not Hollywood celebrities but local millionaires, people with like $10 to $30 million USD (not adjusted for inflation).
The personalities were all over the place, some of those people were awesome and some were horrible. The thing is though having a lot of money like that is a big lever, it lets you have your way in things. If you already had a crap personality, you are now surrounded by yes-men.
But because I did their taxes, I knew a lot of the more quietly spoken ones did a lot for local organizations that helped people in various ways and didn't call attention to it either. The thing is, reasonable rich people just don't stick out that much.
Most of them were in the middle though, or did both good and bad things.
Ramsey says money will make you more of what you already are, and I believe that's true. But the thing is, I think the more negative traits you have, the more likely you are to get rich in the first place. That's the part Ramsey misses.
The truly rich don't go out of their way to look rich. They leave that to the pretentious fools who don't understand wealth.
Facts. My friends all bust my balls for continuing to wear $10 target t shirts every day. And telling me what I can afford and should treat myself
I have no need to be flashy. It’s a complete waste. I’m perfectly happy walking into the car dealership in tattered clothing and paying for the car in cash.
Completely agree with this.
@@Darlhim89 Good for you.
- you obviously have never watched the movie American Psycho.
Not true at all. Spend time in the most expensive parts of any major city and it's beyond obvious.
Some corporations will deliberately break the law because making a legally dubious decision will result in higher profits than the cost of paying a penalty. They just simply see it as the cost of doing business.
Yep. Exactly what their shareholders, who are average everyday people like you and I, want them to do. Being wealthy doesn't necessarily mean someone or a corporation is "evil". If I owned a business I'd want to maximize my profits too. You wouldn't? Just being successful and business savvy, while some people aren't or possibly have made poor life choices or are for whatever reason not considered wealthy, isn't a bad thing.
TD Bank.
@@dyates6380shareholders get pennies of the profits but while condoning the unethical behavior your quality of life starts to decrease.
Yep. Especially when they run the world economies. Big banks like HSBC have been caught money laundering red handed but just powerful to put out of business. Major banks like JP Morgan, Goldman Sachs, Citigroup have been caught manipulating forex markets but fined just few billions , when they make like trillions from it.. Oh ya, the biggest one are the Swiss banks that holds large cartel, syndicates money of the world , with their privacy laws. Enabling the biggest money laundering operations in the world. But what are you gonna do? They hold the worlds biggest kingpins money, nobodys gonna touch them or ever think about going to war with them.
Like the fools on the Australian Wheat Board who thought that bribes were essential for doing business with Iraq 🇮🇶 They all went to gaol. Softbrained yuppies!
The idea that a billionare could spend x amount of money to end world hunger is absurd. Most countries that do not provide their citizens with access to basic utilities are also very corrupt. Throwing money at a corrupt culture is not going to improve anyone's lives other than those at the top.
Countries aren’t supposed to “provide” anything, except maybe protection of private property rights. Quasi communism is the cause of poverty, not the solution.
Its easy to forget that solving problems takes effort, not just money.
African King Mansa Musa of the Mali Empire was possibly the richest man in history, worth $400 billion in today's dollars, surpassing Jeff Bezos' wealth. On his legendary pilgrimage to Mecca in 1324, he literally tried to end poverty by spending insane amounts of gold in every court he visited, some estimate it was about 10,000 pounds of gold over the trip, actually devaluing the metal for decades, leading to actual inflation in gold prices, by distributing so much of it in Egypt. And you know what ? Look at the average Egyptian today, and its clear Poverty won, because poverty ALWAYS wins, and whether you give a man 0.75 fish, and a Billionaire comes along and ups it to 1.25 fish, or even 1.75 fish it does NOTHING in the long term, and poverty returns, stronger than ever. The only real way to wealth is to produce things that other people will pay for. Look at the rise of China in the 2000's. THAT is what defeating poverty actually looks like, like the country or hate it, this is the way, the ONLY way, to actually end (to some extent) poverty, and no amount of money could do it, it requires COMMERCE, and not coincidentally, this is what made Mansa Musa so rich, before the Age of Discovery and world trade by water ate his lunch...
@@sethkeefer3456 one way that governments protect property rights is buying food for unproductive people so that they do not steal it from the grocery store, or steal money in order to buy it. Food stamps are cheaper than beefing up security everywhere. The two are not mutually exclusive.
@@sethkeefer3456 the cruelty IS the point.
1,538 views in 55 minutes and counting. This comes as no surprise. I see the like icon tumbling over as I nod enthusiastically at your comments and applaud loudly at my screen while raising my hands in salute to you. We have a real human before us, and we love you. Imagine if she were prime minister? 1,693 views in one hour. I eagerly anticipate your next video.
I worked as Security guard in various condos. The best people I met were living in extremely wealthy condos. No dramas, no pretentious people. Very polite, respectful people. Some a-hole, but it was like 1 or 2%. I also worked in lower class condos. Those were the worst. Owners were biggest trash. Demanding, disrespectful. Had a person demanding me to catch a bee in his unit. Such never happened in wealthy condos. Rich people never looked wealthy, dressed up moderately. Knew of a rich parking owner who was working in minus 20, advertising parking lot, looked very poor. I always felt sorry for him. Until his competitor told me, he actually owns that parking lot in downtown and also owns many loft building along main street in downtown Toronto. Yet, looking at him, I thought he was poor immigrant, freezing his ass on street, holding up a sign.
For about a decade of my life I was an interior designer. I did high-end custom residential and worked with some of the wealthiest people in my community. I would state that about 80% of them were either total assholes or completely f***** up addicts in some way. They either treated me like s**, calling my boss to report something I had done, always looking for reasons to be offended and wanting me to kiss their boots, or just talking down to me in really nasty ways. Or else they were alcoholics, sexaholics, or had severe eating disorders. I totally came to the conclusion there is about an 80% chance that lots of money really f*** your head up.
I think you have the causation backwards. Fucked up people like that are much more likely to become rich.
Some years ago I came to the understanding that wealth, like power, for better or for worse merely amplifies someones character.
I get to visit a lot of rich people's homes as part of my job and often spend a full day there, so I get to see people in their most private moments. Most of them are generally nice, but they often have obvious mental health issues (like that one homemaker who thought finding a suitable cleaning lady was an impossible task) and a minority are straight up assholes who think they're better than you (like the one who wouldn't shake my hand when I introduced myself and berated me for doing my job). Definitely a lot of weirdos.
@@rvltrstudio1484the obsession with money in this county is insane. It replaces all values. Truly sad…
Spoken like a broken person.
Your explanations & reasons were spot on. I drove taxi in the latter 80s to mid 90s off and on. I come across good and bad, nice and not-so-nice people across the entire socioeconomic spectrum. But to be totally honest, I'd say I dealt with a lot more poor A-holes than rich.
Another issue is when poor people become rich and they try to give everything to their children, and those kids end up being assholes, because their parents tried to give them a better life.
I read something one time on the subject that for me described it best: When you have money, you can do whatever you want, and don't care about what people think about it.
I grew up in a very wealthy town in the 1950s and 1960s. The old wealthy families were usually nice. The newly rich weren't. Often they were fake and would try to not pay their bills because they were in debt over their heads. Each time there was a big stock market down turn, many would be leaving town.
Paul Newman was a nice guy in real life and had a pretty good sense of humour. Watch "Butch Casidy and the Sundance Kid" from 1968 if you want to see a good Paul Newman movie. Follow it with "The Sting".
The wealthy can get away with things until they cross the very wealthy. Good video. Good Luck, Rick
I went to school with a lot of "new rich" kids up through grade 7 and they and their parents were obsessed with status and really horrible to deal with. In grade 8 when schools combined I met all of these "real" rich people and they were so different. Their priorities were travel, college, expensive hobbies...not showing off with flashy new cars and clothes. It was refreshing. I know those people were not perfect either but they were a lot more interesting and nicer.
@@seltzermint5 Most of the real rich guys that I knew, got sent to private schools for high school. This was the mid to late 1960s. They had more drug and protest problems than we had at the public high school. Good Luck, Rick
Cat On A Hot Tin Roof is another great performance by Paul Newman and the subject matter quite fitting to this topic too.
It applies in work environnements too! Many of them who climbs the corporate ladder don't care anymore about ''regular'' workers that works for their ''bonuses''.
As I was in school to climb the ladder, one teacher told us to never forget where we had been (on the bottom rungs).
@@johnc4789 Good teacher!
I really appreciate how honest she is and how she speaks for the heart. That's the type of content creator I follow
I don’t share that perception of rich people. …I know plenty of poor people who act terrible. It all comes down to the individual’s character.
Just because some poor people are assholes doesn't mean the rich don't have a larger percentage.
Look at it this way, there a LOT less rich people and a LOT more poor people so your odds of knowing a poor asshole are substancually larger. But ACTUAL research (by pesky sociologists that the rich want you to ignore) shows that as people gain wealth they loose empathy.
So.... no one (at least not me) is saying the poor are immune from being ass-hats because they aren't. It's just that humans of all races, ethic backgrounds, religions and gender tend to become a lot less empathic (i.e. "assholes") as they gain more wealth and power so the percentage of "asshole'ness" goes up signficatly in that very small subsection of our society. However most of us don't run in these circles nearly as often so we only experience the wealthy through the filter of the media, a filter the rich get to mold for our consumption.
- I wonder if Nicole really thinks that there are more axxholes in a rich country like Switzerland than in e.g. Haiti.
@@silentnot4812 Some people are rich because they deserve to be. There is nothing worse than hateful jealous people who think money will solve all their problems and harbor hate for people who either earned their wealth, or are good stewards of what has been granted to them. Good people and bad people come with every different sized bank account.
- watching the movie American Psycho will change you mind about this issue.
@@peterwulff469 I’ve seen it and loved it. …I will point out that it is a dark comedy with fictitious characters though.
One of my BFFs is worth 10M plus. Drives a regular car, nice home but not ridiculous, wears wal mart and target clothing and does not show it off what so ever. Another guy I know, who most people dislike has about the same level of wealth. 100K auto, designer clothes, young wife, looks down at people who are frugal and has no real friends
Bam - you nailed it. Loved your take on this. Keep it up.
"When you have millions of dollars, you have millions of friends." - Floyd Patterson.
Just nope
Didn’t think I’d start my day with Nicole spitting bars, but I enjoy being wrong in cases like this.
Love what you do. Many years ago, my parents shared an elevator in Vegas with Newman. They were amazed by his decency and lack of hubris. I commented regularly on the effects of fines and insurance increases on working people who make errors that result in red light cam citations. The thing that amazed me was that, even where it was demonstrated that there was no safety advantage, I rarely got the support that I should have gotten. I came to believe that the poor and working poor admire and respect the rich because they believe the lie that they have a reasonable chance to get rich if they only ...
Been a wedding dj for the rich… the disconnect and disrespect is on another level. Im in the process of creating the best money loop ever!
I was told as a child that a postal code can be the most effective way to isolate and insolate within a society structure.
Hi, Nicole. Another great video. Fun Fact: I named my recently rescued puppy “PAUL NEWMAN!”
….. and he’s AWESOME!!!!! 🎉
I felt as if wealth was synonymous with selfishness and greed and an inability to relate to those of us who think “uh oh, the first, rent to pay.”
Then a friend - a very wealthy friend - handed me a check for $15k. I was without words. Shocked. Because I was no longer earning and doing my best to live on my Social Security stipend. Then she said, “you’ll be getting this check every year for the rest of your life.”
Though a stipend for her, a lifeline for me.
So my attitude now? Certainly less poor-arrogant.
You touched on the subject. People who research psychopathic traits have found that extreme selfishness and lack of empathy can promote success in our business environment. CEO's are more likely than people further down the corporate ladder to exhibit these tendencies. A researcher gave a former CEO an "Are you a psychopath?" test without telling him that's what is was. After the test, he informed the CEO that his psychopathy score was really high. The response: "So?"
In these cases, becoming wealthy didn't transform them. It just made them more effective at being nasty.
The divide between the rich and poor is only getting worse. Hopefully humans will rise up and level the field one day.
How about yesterday?
Chaos favors the wealthy
@@NutritionPolice Not necessarily!
I agree hopefully we will make it up there one day.
Socialism has failed everywhere it has been tried. Instead of filling your heart with jealousy, work to earn your own money. Nearly every western country is free enough to allow you to do this. I suggest real estate. Save up a down-payment on a rental apartment.
I do agree with the general theme of your video, but a lot of the examples you used, such as letting your dog crap anywhere, and doing dangerous stuff on the road, apply more to broke f***ups than to wealthy people. During the pandemic, a lot of, shall we say, downtrodden individuals moved into my apartment complex. It was a nightmare. They didn't pick up their dogs' waste, and one particularly troublesome individual beat up a mentally disabled person and trashed someone's car. And all that is just scratching the surface. It wasn't safe or pleasant around here until new management took over and thankfully gave those troublemakers the boot.
I know one thing. If you suddenly become "well off" from your investments you become an asshole to certain people. Those are the people expecting you to send them some of your money to bail them out of their stupid decisions again and again.
It does get so bad you may need to move and leave no forwarding address.
I'm one of those "well off" due to the crazy Mag 7 bull runs that's made me more wealth than I know what do with. Friends/family only know I no longer work, but they don't know how much I have because I'm not making extravagant purchases, posting flashy things and screaming "I'm rich! Give me the attention I deserve!". I still live in my middle-class tract home with my 10-year old car and nothing to show for the wealth I accumulated, so there's absolutely no drama from people asking me for money or anything like that. Borrowing an old navy term and modifying it a little: "loose lips, sink RELATIONships".
@@Mxyzptlk30 No one knows how much I have and I don't drive flashy cars or live in an upscale house or neighborhood. It's more the fact I help certain people who really need my help because it's the right thing to do if I have extra. The problem is THEY tell others about how they were blessed with the help. Then those who just are takers start hovering around. I am not shy at all at telling them to stop the begging and they are getting nothing. They are no loss to me. No different than human buzzards.
Great video! I’ve met wealthy people, some changed and others who didn’t. It’s a test of their character.
Money basically magnifies what you already are.
If you are a as**le but you are poor, you won't show it because the consequences can be terrible (lose your job, your family, friends, etc).
But if you are rich, or wealthy, you can get away with it.
Money is just a tool, nothing else.
Nicole, you cover the most relevant topics and in a very balanced and informative way. Thank you. And on this one, which explains so much when you think of the unfathomable income disparity that's developed over the past few decades, and the small but uber powerful cadre of .00001 percenters with all the power, it explains a lot of the apparent cruelty, disdain and greedy "f**k you" attitude behind so much in the political realm. We must remember though, we outnumber them and they do in fact need us to consume, so there's that....
Rich people and Financially Educated people don't care about your drama of miserable life caused by stupid financial mistakes... Unless they want to sell you something...
Unpopular opinion, but a lot of financial pain often comes from stupid decisions.
Nicole I'm really lucky because I grew up near Sudbury in severe poverty. The first years of school I went to a public school with rich British kids in nice homes. They wore expensive clothes , had exotic lunches, owned horses, cannon cameras and went to Europe on summer break. They were all well behaved polite and good human beings.
By 8 years of age I had a nestles quick can , pennies and a desire to be rich. Now, in retirement my only problem is that I don't like spending money after 50 years of conditioning.
I've known a lot of people that don't have money but they just have the right connections and the right people also remember that higher class and richer people know how to act right and talk right and don't immediately turn disrespectful
😂
I love how there is just no bullshit with you. Just real.
LOL, you cracked me up at 12:08 when you burst out the Good Charlotte! You're right-money doesn't change who you are; it amplifies who you already are. And yeah, there are definitely some weird and mean rich people out there. But sometimes, you meet charming and kind individuals, like my longtime friend and his family.
On the flip side, I’ve seen middle- or working-class people who seem super nice but become just as mean when they gain a tiny bit of power or the upper hand(especially in the work place). To me, money represents power. And perceived power allows people to show who they truly are.
A friend told me that money only makes you more of what you already are. If you are mean, it makes you meaner. If you are nice, it makes you nicer.
So true! Money amplifies who you truly are. I live in North Carolina, a lady on news once said, " rich people are smart enough to know to change the taillight if it burns out, so we shouldn't be forced to have our cars inspected every year". The sad thing about that statement is it worked! In this state you don't have to have a complete vehicle inspection every year as your car is 5 year old or newer.
yup, nailed it. thanks for the "fines are the rich man's get out of jail free card" insight: hadn't heard that before, but i know it now. 👍✌🖖
I aspire to become a rich person that is both humble and doesnt give anyone a single cent.
Likewise
😂
So basically, you can just volunteer at food bank. They might even need a full time employee. Save a lot and become rich after investing and don't give a cent to anyone.
@@MJ-uk6lu I could also not do that.
@@verdtre4573 Why not? I am disabled myself and don't work, but I try to volunteer at food bank. I know I'm not from US, but people there are decent, there's online registration system and you can do only one task. You can arrive late and nobody will say anything to you, so basically it's very nice. I regularly see some old volunteers, like in 70s and 80s and they are fine.
What really upsets me the most is the people that give a donation or donate for a cause. It’s another photo shoot and tax write off . There are so many of us who do what we can to help and donate . And we refuse to be photographed or named. We the unnamed are the richest.
Great work Nicole. You're clever and insightful. I love watching your videos. Thanks for this.
People with nothing to lose are more of a threat than those with much to lose. Both ends of the socioeconomic spectrum are unfazed by traffic tickets.
I would say that nearly half of drivers on road are either insanely incompetent or outright psychopathic.
I worked in a Doctor's office and we had a real estate guru worth $20 million plus who got gave us a world of trouble when we asked him for a $10 copay. In front of middle and working class patients for bonus points.
You are right in just about everything you said, but there is a counter-argument. As an American abroad years ago, I was stereotyped as rich because I was white. You would not believe the contempt, sarcastic comments, envy and unkind looks that rich people are sometimes subjected to, as others subject them to shaming language, demands to share and pay for everything. To support your argument, however, there is an expression, that power corrupts, and absolute power corrupts absolutely. Thank you for the video.
“If you can afford the punishment, then you have to abide by the law.”
Interesting point. Earlier this year I visited Stratford, England which is the birthplace of Shakespeare. We passed by the school he went to as a child. We learned that, at the time, if the rich kids committed a disciplinary action, the parents would pay the school to punish a child from a poor family.
As a boomer let me tell you we've known these things to be true but coming from you might make it more palatable for my kids
Thanks
Abuse occurs at all socioeconomic levels.
People always look at whomever has more money than them as being rich, then complain about those people not being virtuous enough. My guess is just about everyone watching this could give more than they do.
More money just makes people more of what they already are. If you're generous, more money will make you more generous. If you're greedy, more money will make you greedier. If you're a prude, money will make you an even bigger prude.
Food for thought: The Kardashian family is in fact a real-life Butterfly Effect. Like the movie, one tragic event made people by association in sanely rich.
And yet, a lot of that wealth went to boob and butt jobs, ego stroking and frankly nothing of much value. They are just pissing it all away.
Well done. I wish more would speak out about this issue; it needs to be SUPER LOUD so that everyone can hear and see it, then hopefully they will call it out as well.
I'm not an asshole, or at least I don't think I'm one (and my wife and three rescue cats certainly seem to tolerate my existence), but a lot of my relatives think I'm a selfish jerk. They think the same thing about my sister.
We come from the ranks of the lower middle class, but my sister and I were the only ones out of a large group of cousins lucky enough to have grown up in a stable household; all the others being plagued by abuse, alcoholism, drug dependency, broken marriages, teenage pregnancies, criminal activity, and a whole host of other social ills.
My sister and I both managed to make the transition through middle class to upper middle class, namely by graduating from high school, being frugal, and exercising impulse control. Out of all our cousins, we are the only ones who (so far) have never spent a night in jail. Really, I'm not being hyperbolic.
Since my sister and I have stable incomes and drive cars with color-matching body panels, our cousins see us as "rich" and used to constantly hit us up for money. These requests were usually accompanied by some story about needing to make rent, buy diapers for their illegitimate children, or a cockamamie get-rich-quick "investment opportunity."
I was kind of a big softie in my younger years and would fall for it, only to see my donations get poured out of a bottle or smoked out of a pipe.
Now I just give a firm "no," for which I am branded mean. My sister as well. However, there have been a few exceptions. For example, a few years back one of my cousins died destitute and early (turns out long-term drug use and alcoholism can do a doozy on one's health), and her children weren't that much better off. I paid for the cremation, but I paid directly to the funeral home, not the kids.
Luckily, both my sister and I have moved far away from our hometown, so it isn't much of an issue now, but we are still warry. Just last week I received a FB friend request from a cousin I haven't seen or heard from in about two decades. Just three days after accepting, she sent me a DM asking for help with renovating her house. I noped out and immediately unfriended her.
So, I don't necessarily think that wealth makes someone an asshole, but it can certainly appear so to the people around them, especially when there is a disparity of affluence to take into consideration.
Likely when you paid for that cremation directly to the business you cheesed off a few cousins. It happens.
We don’t hear about the rich that are giving and kind. They rather stay out of the spotlight. My uncle is a billionaire and wears old clothes, volunteers on search and rescue and gives much of his money to local charities. Many of his rich friends are the same.
Sure wish my uncle would share.....other than a cold....😢
People who do the right thing outside popular scripts are seldom recognized, even if they were to go public with their good deeds. Our culture is filled with envy, and is not amenable to stories that are contrary to their stereotypes.
It's as if media is full of sensationalistic garbage, because there's no real news often.
5:50 I agree 100%
Unfortunately, people of all income brackets are becoming increasingly entitled, narcissistic, arrogant and rude. People walking down the street have their noses stuck in their phones and don't watch where they're going. Self discipline and common sense have also fallen by the wayside.
I've seen mostly women berating retail clerks in on line videos and supposedly 58 percent of all adult females in the US are on some type of medication for mental issues. It's got nothing to do with wealth, more so upbringing and respect for others regardless of their circumstances.
And driving skills for self preservation are lacking severely. What a sick bunch of self involved people, who basically have no decency. Apparently STOP means.. maybe stop, maybe just drive through.
There does seem to be a cultural shift to entitlement becoming more the norm these days. I see it more and more in the little things people do.
In a world of Elons, be a Dolly.
- I think we should rather stand up for ourselves and nationalize Tesla, X and SpaceX!
YOU SAID IT! SO VERY TRUE. THANK YOU!!! I really like your channel. keep up the good work!
A lot of wealthy people seem to have an entitlement problem.
Hasn’t been my experience. I remember what a young man wrote years ago on a community board I participated in. He believed everything goes back to a person’s childhood. He couldn’t had been more right.
You should people watch at a McDonalds in the hood if you want to see entitlement
White people have an entitlement problem.
depends if they worked for it or not
My biggest advantage was being raised by 2 fiscally conservative parents. Who were themselves raised by 2 fiscally conservative parents. I think money just magnifies your traits. Your financial success will change unhappy people around you so it is best to live low key
Your last sentence is telling. Well said.
It's poor people who are A-holes in most cases. My best friend was fine until I became better off financially. I told him I was thinking about going on a 3 or 4 night (cheap) carnival cruise. The things he said to me are disgusting. Of course he blamed me after I defended myself.
I'm glad I don't have any jealous friends. At least, they don't seem like it to me. The worst reaction I've gotten to me talking finances was one friend said he didn't want to hear me call myself broke when he knew that was objectively false. I don't know if it made him feel worse or if he thought it would make me feel worse, but I did humor him for that. I helped him build a diversified portfolio on M1, and got him to set it on automatic. On his own, he started using YNAB. It's a good mutual relationship where we both want better for each other. ❤
That's the crabs trying to pull you back into the pot.
When you're poor, the law doesn't protect you;
When you're rich, the law doesn't affect you.
That's BS and you know it
@@MJ-uk6lu just going by several thousand years of precedence. Of course, Diddy is black, so the law is affecting him...
@@paradoxworkshop4659 It's just something that lazy people tell. There are tons of stories that defy that stereotype.
@MJ-uk6lu for every Epstein, there's a tRumpf who did worse, for every innocent poor man executed, there's an o.j....
I love this one! So thoughtful.
Excellent point about fines. Rich people can pay fines easily so the fine is not a deterrent for their bad behavior. In addition, the fine doesn't even have to be paid by the offender. Anybody can come forward to pay someone else's fine.
Just as rich people grow up around people who make them a-holes, poor people grow up around beliefs and values and a-holes that keep them poor. So, when you pull yourself up out of that poor mindset, you tend to think of yourself as better than those who don't.
Did you know that in Finland, fines are proscribed in percentage points of the offender's total income/net worth?
A rich Finn, who owned the biggest.meat brand in the nation went speeding in a school zone one day and had to sell off a lot of his stocks to be able to pay the fine. It was in the millions!
Love those Finns.
Very good episode ! I know very rich peoples that are very kind and humble, and middle class/ keeping up with the Jones that are arrogant and obnoxious. My parents and grandparents started with nothing and had/having a good life later and stayed good peoples.
Up to now, I started the same and hopefully, will follow their path!
Good jobs Nicole !
Great, thought-provoking, well-researched video Nicole. Subscribed, was long overdue. Thank you for the sponsor info too, looks useful.
i love your posts kiddo. Keep it up. I just wish more young people thought like you!
I'm not poor, I'm even more than average, but I appreciate that I have to work for every dream and delay my gratification.
The most important thing, however, is that I have the luxury of having time only for myself! Time for reflection, for a bike ride with my familly, a lonely trip to the mountains. This is the essence of life.
Nicole this is one of your best. Thanks
A really great and thought-provoking video, Nicole. Thanks for sharing.
I think it's also possible that having a lot of money allows you to freely express exactly who you are at your core anyway - if you're an a-hole at your core, money makes it easy to express that openly and without penalty. It's a bit like drinking too much alcohol - you don't become a different person, your inhibitions are lowered so you express who you really always were at your core to begin with.
There is an expression to that effect and I wish I could remember it. But it goes something along the lines: You can tell a person's true personality when they have money, power or are drunk.
Elon Musk is a prime example of that. At first, he was a humble asshole that nearly went broke with expensive EVs @ Tesla and crashing rockets @ SpaceX. Now, he's the richest, most successful businessman in the world and unabashedly shows off how much of an asshole he is with no repercussions.
Money doesn't change people but it reveals who they really are as a person.
Thank you very well said you gave me much to think about
High income individuals paid a higher effective tax rate in the 1950's and '60's and society , in general, was less economically segregated. A side note- A great movie and story that highlights wealthy privilege and featured Paul Newman was "The Verdict".
Somebody ruined US and wasn't jailed, but cheered. Truly a nation of morons.
Explore the forbidden book Hidden Laws Of The Game to uncover hidden truthh.
Survivors’ bias describes the family members I know. They’re also rewriting history with regard to others being failures, their own lack of responsibility or regard for the older generations, and other matters that fit their solo rags to riches stories.
Excellent, honest well thought out video- thankyou
A very interesting topic. I live in a mostly economically depressed area and all the bad behavior you listed for the rich I have seen in the lowest dirt poor people around here. not saying that invalidates what you said but imo the results of "studies" are to be taken with a grain of salt. assholes are EVERYWHERE and come in all shapes, sizes, and from all stations in life. lack of money can make someone just as big an entitled asshole as a LOT of money can.
“If the penalty for a crime is a fine, then that law only exists for the lower class”
Have a great Sunday Nicole 👍