I was told at an early age. If a friend asks for money and you are in a position to help......give it to them! If you loan it you won’t see it back and you will loose the friendship and be miserable. If you can’t afford to give it away that’s ok and don’t.
I lost $5 once at a casino on a machine (someone told me it would be fun...??), I thought about how I could have bought 4 bean burritos from Taco Bell instead (at that time)...even to this day. It wasn't fun, not for me. One and done.
@@omestartamv6251 😩 the experience of disappointment is engrained already, i really thought it was going to be fun like hours at the arcade (yeah that long ago 😂)
I'm glad I came across this channel about 18 months ago. And I've gone back and seen older videos. I really appreciate the transparency in your insight and overall humanitarian perspective towards money making. Capitalism and Humanitarianism CAN coexist IF... we execute capitalism with conscientiousness. Thanks Marko.
#4 is affecting a lot of people. One of the worst things you can do with your money is waste time not having it work for you you and leave it in a savings account or another place where it won’t grow.
I own a few investment properties and have flipped a dozen or so houses and made a decent living from doing so. When it comes to slots and casinos, I wouldn’t put $20 bucks in a slot to save my life, jokingly. Yet I’ll risk thousands on a flip. For me a residential flip is calculated risk and I am an old school bricks and mortar guy. Slots and casinos=throwing hard earned money away.
I've met one person who os not flaunting his wealth but it's basically public knowledge. He joined us for a fishing trip. During the day I bought all (four) of us a soda each. He offered to pay for his soda several times during the day, it was quite clear that people have been treating him differently since hi is extremely wealthy.
I’ve done ok on the credit cards I think. My wife quit her RN job to go to NP school, even with me picking up a ton of OT and side work we still ended up racking up about 9k in credit card debt, she passed her boards and as soon as our 3rd baby is here in July, she will be back to work and we will be able to knock our debt completely out.
I lived in Vegas for a short stint back in 2002. Best warning I ever got was from the cashier guy named Hector at the Bellagio. "If you play big, you lose big. If you play little, you lose little. Either way, you lose" When I go to Vegas now, I play only 1 casino. Spending your cash at that one spot (as long as you have their player's club card), you will get sent cheap/free hotel stays, car rentals, etc for future visits.
I don't gamble often but when I do, I see it as entertainment money. It's a good time with chatting, drinking and chasing that high, while having a small chance of getting some of the funds back. But I always set a hard limit of what I'm willing to lose and never go above it.
I worked in casinos for about 10 years as a card dealer. Its not impossible to win a jackpot but they're not that often and I've seen people pump WAY more into a machine trying to hit that jackpot even though it wouldn't break them even. And you see those same people every day. It put me off gambling entirely. If I do go, it's usually a social occasion because a lot of my friends are dealers or former dealers, but I won't play more than $100. Once it's gone, its done.
Thank you for making this video. I liked how you talked about lottery because many people don't know very much about it but they still hope for a better opportunity in life.
*No 1: Don't Only Hope On Government For Income,* *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,* *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.* *It's 100% Good To Have Different Ways To Gain Income* *Because Government have failed us so therefore let's try and survive*
I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return
@Isaac Boettger Current the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich
Marko, odds of winning the powerball...... go 600 miles into the Atlantic Ocean and begin lining quarters end to end across the United States for 600 miles into the Pacific Ocean..... pick the correct quarter.
Thank you for this input on handling money. I have been studying finances, economics, realestate and stock trends etc... really trying to get educated to better my future. After making 80k in 10 months and being flat broke, I had to ask myself a very honest question, what is it I don't know about finances? I've been in what I call a pressure cooker of a hard lesson in life, declaring bankruptcy, selling my home of 18 years and renting an overpriced apartment, and not gaining any equity. This experience has made me appreciate what I had and has molded me into being fiscally conservative. Lowering my cost of living , Lowering debt to zero and planning to invest in assets. Thanks again for the reminder of how important it is to be wise with what we have been given.
I have two childhood friends. We all grew up lower middle class. We are all three very successful in our own right. They continue to spend lotto money every single week. It makes them happy and cool for them but I just don't get it.
The gambling thing can be a real problem. You win once and think it's going to happen all of the time. Someone close to me was on a hot streak for a week then lost 10k in one night and had to ask his kids for money. At least it was a good example of what not to do for the people around him I guess.
I have a client that is elderly and just likes the thrill from it. They don't care if they win or lose. They just like the flashing lights, loud sounds, and rush of possibility winning. I will never understand them. Especially the one time they started with $25, got a big hit that made them go above $250, and then kept hitting till they left with nothing...
Dude! It's official, you are my favorite financial education channel! I became a widow in 2020 and EVERYTHING in this video applies! Whether you see this comment or not, thank you from the bottom of my broken heart.
Sorry to hear you lost your spouse 2 years ago. I understand where you’re coming from. May you find hope and strength to rise up again. The univers still has your back
Once again, I always feel when I watch your videos that I am talking with my incredibly brilliant wall street friend! Thank you Marco for being my go to.
All in point and great content as always! We're lucky these pieces of advice are very accessible to our reach. Learned something new today - "Money goes to where it is treated best!"
Good information! Regarding item #2 (Lottery), I do participate in the lottery on occasion but only as part of a lottery pool at work which only happens about once or twice a year (and not at all since the start of the pandemic). My reason is that since a lot of my coworkers participate, I didn't want to be one of the few people left behind if the pool actually wins because I was too cheap to throw a few bucks into the pot. I usually buy a few more tickets on my own for the same lotteries as the group. Altogether, my lottery expenditure prior to the pandemic was only about $30/year give or take. (Note: the lottery pool only occurred when MegaMillions or PowerBall had very large jackpots).
Great video, I put all my expenses on a credit card so I can get cash back but I make sure to pay my statement balance every month. That's how I make money off them.
A honest answer to why play the slots... is fun. My mom loved playing. She knew she wouldn't win but she was handicap and wheelchair bound so it was a "hobby" she could have fun doing. She never spent more than she had to lose. But there is your answer.
Because their mindset is to be rich and not to look rich! Often than not, those braggers are those who do not have any financial back up in emergency cases. So maintain your simplicity while keeping your portfolio high.
I acutally buy lottery tickets, not because I'm convinced that I'll win but because it helps me to get over each week, it keeps the very last spark of hope alive, that I have partcipated in something, that could end my suffering, even if it's a vanishingly small chance.
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypto, Real Estates, who can guess the 3rd?
Has to be stock trading!!! Made my first million investing in stock earlier this year as a newbie after I met an expert from a reputable firm... Retiring by next year with absolutely no fears!!
@@kathleenstoner.n7499 Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. Who is the broker you worked with please?
A colleague said she put in 60k into her firm and she doubled it in months... Been meaning to check her out cos she has to be truly amazing to do that.
Also, slots. I played once...though through a friend (since I was two young). Handed her 2 quarters, watched her win something like ... I'll pretend it was $4-8 but honestly don't even remember. Whatever it was, I watched her then promptly lose it all again. I left $.50 poorer, which was a good enough lesson for me. XD
2:34 I used to feel this way about lotteries, but I've come to appreciate that the actual value of playing the lottery, is in mentally spending all the winnings for the entirety of however many days there are before the drawing. In that way it's providing solid entertainment value, compared to, say, a night at the movies. The lottery is not objectively wise, few entertainment options are, but in moderation(!), probably not 'never do that' levels of harmful either. I play it probably a couple times a year, when coworkers start talking about 'how big it's getting.' for only $10 I can join in, and pick out the color of the custom train I'd live on. 🤣
And if ur goin to play anything at a casino, u should only play black jack, and if u learn card counting, and get good at it, you can make alot of money, just dont go to the same casino every time
Casino ... one other point (aside from the beautiful properties, free nights stays, and free drinks that obviously the slot machines pay for) is the near miss emphasis programming ... the odds of winning are random, as posted ... the odds of seeing an outcome “close” to winning are massively disproportionate ... so literally u always feel like u are THIS CLOSE to financially correcting your life ... and that can be insatiable
#4 is gambling, plain and simple. #5 is an admission that #4 is gambling. I've tried #4 several times and lost money every single time. I would recommend #6: invest in yourself. Don't gamble on someone else's dream, gamble on your own!
EXCLUSIVE: Get 1-3 FREE Stocks valued up to $3500 On MooMoo
⮕ whiteboardfinance.com/go/moomoo
Five Nos:
1) Credit card interest
2) Lottery
3) Showing off your money!
4) Not investing in anything
5) Not investing more than you can lose
Roll up and use as straw
7) Don't marry a gold -digger
5) *Investing more than you can lose
Accidental double-negative there :)
@@Nova_Needle Oops I don't understand is "investing" and "Losses" exclusive?
Don't lend your money to people. It never comes back.
So true. I had to tell my girlfriend that
Friends and money are like oil and water
I was told at an early age. If a friend asks for money and you are in a position to help......give it to them! If you loan it you won’t see it back and you will loose the friendship and be miserable. If you can’t afford to give it away that’s ok and don’t.
@@marko-whiteboardfinance8546 report the fake marko above for impersonating
well....to clarify you can lend money as a business . i have done so for many real estate investors and it’s great short term passive income .
I lost $5 once at a casino on a machine (someone told me it would be fun...??), I thought about how I could have bought 4 bean burritos from Taco Bell instead (at that time)...even to this day. It wasn't fun, not for me. One and done.
😂
😂😂
Are we the same person ahah
How long ago was that?
Let it go, girl...😅😅😅
@@omestartamv6251 😩 the experience of disappointment is engrained already, i really thought it was going to be fun like hours at the arcade (yeah that long ago 😂)
Ayyyyy you got a sponsorship. Good for you!
Gotta pay the bills my friend :)
I prefer to work 15-20 hours a week, so probably not lol ;)
Don’t be like that meet Kevin guy by staying glued to cspan 24-7
As a first gen Mexican-American, I appreciate your videos so much!! You make finances so easy to understand! Thank you Marko!
Thanks for sharing the very cool term -- "stealth wealth"
glad you kept it in
If schools drilled opportunity cost in the same way they drilled parallelograms, I wonder how much less credit card debt we'd have.
But how will merchants make their profits, then?
We are debt slaves by birth. They don't want us to use the system. You don't arm your enemy
I 100% agree with this…I say it constantly.
@@marko-whiteboardfinance8546 lol No they won't! That's literally how merchants have been making money for centuries. Usury. Exploitation.
@@CrunchyMom88 You're talking to a scammer.
Fave, no nonsense channel
Man I needed this channel bad. Thank you for sharing this information
1. Credit card interest
2. Lottery
3. Show off attracts wrong people
4. Not invest "THICCC"
5. More then you can loose (investing)
Your forgot Thiccc
@@sorryiwin5055 Thiccccc
Thiccccccccccccccc
Ty not enough time. lol
@@gregoryelgezy4339 ?🙄😲
What I like about your videos is that it looks genuine and there is absolutely no flashy stuff.
I'm glad I came across this channel about 18 months ago. And I've gone back and seen older videos. I really appreciate the transparency in your insight and overall humanitarian perspective towards money making. Capitalism and Humanitarianism CAN coexist IF... we execute capitalism with conscientiousness. Thanks Marko.
thanks Andre :)
I love the simplicity of your business.
#4 is affecting a lot of people. One of the worst things you can do with your money is waste time not having it work for you you and leave it in a savings account or another place where it won’t grow.
@@marko-whiteboardfinance8546 scam^
what if you want to have it there for easy access like a downpayment for home?
@@TheGeorgeee13 exactly
You are so smart! So happy I came across your channel.
thanks Katie
“ that’s Thiccc with 3 C’a bro now that’s thiccc “ I’m dead words of a very wise men 😂
He was like "That was stupid... Nah, that shiz was funny asf." 😂😂
Thanks you!!!
Thanks for the info
I own a few investment properties and have flipped a dozen or so houses and made a decent living from doing so. When it comes to slots and casinos, I wouldn’t put $20 bucks in a slot to save my life, jokingly. Yet I’ll risk thousands on a flip. For me a residential flip is calculated risk and I am an old school bricks and mortar guy. Slots and casinos=throwing hard earned money away.
Very good presentation 👍
I've met one person who os not flaunting his wealth but it's basically public knowledge.
He joined us for a fishing trip. During the day I bought all (four) of us a soda each. He offered to pay for his soda several times during the day, it was quite clear that people have been treating him differently since hi is extremely wealthy.
"What can you do for me?" The basis for a lot of adult relationships, I think.
With bad friends. Big red flag.
what is bad about that?
@@juri2001 I didn't say it was bad.
@@HyperCupcake88 no, but implied.
you didn't say it is good either.
So what is it? plz clarify...
@@juri2001 It's for you to decide if it's good or bad. I'm not having a good day so I don't wanna say something I might regret later.
I’ve done ok on the credit cards I think. My wife quit her RN job to go to NP school, even with me picking up a ton of OT and side work we still ended up racking up about 9k in credit card debt, she passed her boards and as soon as our 3rd baby is here in July, she will be back to work and we will be able to knock our debt completely out.
Thanks! Great
You’re one of the most genuine people on RUclips !
I lived in Vegas for a short stint back in 2002. Best warning I ever got was from the cashier guy named Hector at the Bellagio. "If you play big, you lose big. If you play little, you lose little. Either way, you lose"
When I go to Vegas now, I play only 1 casino. Spending your cash at that one spot (as long as you have their player's club card), you will get sent cheap/free hotel stays, car rentals, etc for future visits.
Nice comment about slots! Not just based off probability .
hey man, thanks for all these videos!
I don't gamble often but when I do, I see it as entertainment money. It's a good time with chatting, drinking and chasing that high, while having a small chance of getting some of the funds back. But I always set a hard limit of what I'm willing to lose and never go above it.
I worked in casinos for about 10 years as a card dealer. Its not impossible to win a jackpot but they're not that often and I've seen people pump WAY more into a machine trying to hit that jackpot even though it wouldn't break them even. And you see those same people every day. It put me off gambling entirely. If I do go, it's usually a social occasion because a lot of my friends are dealers or former dealers, but I won't play more than $100. Once it's gone, its done.
Great video
I play for the entertainment and fun but most people leave the casino long face and no smile but it’s also an addiction.
Excellent video Marco!
The thiccc joke was funny lol. Glad u kept it in.
Great video thank you very much!
Well said thank you
Thank you for making this video. I liked how you talked about lottery because many people don't know very much about it but they still hope for a better opportunity in life.
*No 1: Don't Only Hope On Government For Income,*
*No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,*
*No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*
*It's 100% Good To Have Different Ways To Gain Income*
*Because Government have failed us so therefore let's try and survive*
I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return
@Isaac Boettger Current the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich
she has helped me gain a lot from forex and crypto trading.
Wise words that's just the fact and also what is happening day by day
We get to see people remain poor due to ignorance and selfishness
Nice video Marko. Keep it up.
You're a great teacher Marko. Worth following.
9:35 this why I love this channel!
13:07 A fool and his money are quickly parted, is what you meant to say.
nice video
Marko, odds of winning the powerball...... go 600 miles into the Atlantic Ocean and begin lining quarters end to end across the United States for 600 miles into the Pacific Ocean..... pick the correct quarter.
Thank you for this input on handling money. I have been studying finances, economics, realestate and stock trends etc... really trying to get educated to better my future. After making 80k in 10 months and being flat broke, I had to ask myself a very honest question, what is it I don't know about finances? I've been in what I call a pressure cooker of a hard lesson in life, declaring bankruptcy, selling my home of 18 years and renting an overpriced apartment, and not gaining any equity. This experience has made me appreciate what I had and has molded me into being fiscally conservative. Lowering my cost of living , Lowering debt to zero and planning to invest in assets. Thanks again for the reminder of how important it is to be wise with what we have been given.
Since following this page for 6 months I've saved 30k thank u so much for this education
I have two childhood friends. We all grew up lower middle class. We are all three very successful in our own right. They continue to spend lotto money every single week. It makes them happy and cool for them but I just don't get it.
The gambling thing can be a real problem. You win once and think it's going to happen all of the time. Someone close to me was on a hot streak for a week then lost 10k in one night and had to ask his kids for money. At least it was a good example of what not to do for the people around him I guess.
Yes gambling addiction is no joke if not treated
Great financial advice Marko!
Great looking house man! 😊
I have a client that is elderly and just likes the thrill from it. They don't care if they win or lose. They just like the flashing lights, loud sounds, and rush of possibility winning.
I will never understand them. Especially the one time they started with $25, got a big hit that made them go above $250, and then kept hitting till they left with nothing...
Love your content bruh. Motivating!
3 C's! Hilarious. Glad you kept it in. Thank you for this essential information.
Subscribed. Love your videos.
Dude! It's official, you are my favorite financial education channel! I became a widow in 2020 and EVERYTHING in this video applies! Whether you see this comment or not, thank you from the bottom of my broken heart.
Sorry to hear you lost your spouse 2 years ago. I understand where you’re coming from. May you find hope and strength to rise up again. The univers still has your back
Once again, I always feel when I watch your videos that I am talking with my incredibly brilliant wall street friend! Thank you Marco for being my go to.
Life budgeting should be taught in schools
Thanks!
Great video, as always! Love this channel!
BAD ASS CHANNEL!!
🤝🤝🤝
Awesome video! Appreciate ya bruv
All in point and great content as always! We're lucky these pieces of advice are very accessible to our reach. Learned something new today - "Money goes to where it is treated best!"
Marko, you're correct about slots. Short term, you can win (earn enough to pay for your expenses...break even) however, gain....NO
great tips
My mother in law once made a remark about being cheap for not playing the lottery. Joke's on her lol
My man, the dented fridge trick.
Thank you for this, Marko. Learned a lot today.
Thank you sir
Holy crap! I had no idea that people spend that much money on lottery tickets!
Good information! Regarding item #2 (Lottery), I do participate in the lottery on occasion but only as part of a lottery pool at work which only happens about once or twice a year (and not at all since the start of the pandemic). My reason is that since a lot of my coworkers participate, I didn't want to be one of the few people left behind if the pool actually wins because I was too cheap to throw a few bucks into the pot. I usually buy a few more tickets on my own for the same lotteries as the group. Altogether, my lottery expenditure prior to the pandemic was only about $30/year give or take. (Note: the lottery pool only occurred when MegaMillions or PowerBall had very large jackpots).
Love these whiteboards! I rarely comment, but this information is so critical to know!
Thank you!
@@WhiteBoardFinance Want you to know, you make a difference in the world. That is worth way more than any money can buy! 🤗
Nice vid brother! Love the simplicity of your videos!
Great video, I put all my expenses on a credit card so I can get cash back but I make sure to pay my statement balance every month. That's how I make money off them.
A honest answer to why play the slots... is fun. My mom loved playing. She knew she wouldn't win but she was handicap and wheelchair bound so it was a "hobby" she could have fun doing. She never spent more than she had to lose. But there is your answer.
nice sub. thought you were wearing a TT DJ on another video?
Solid information as usual. Thanks!
Wow man well said!!!
love #3! Some of the wealthiest people i know appear very average.
Because their mindset is to be rich and not to look rich! Often than not, those braggers are those who do not have any financial back up in emergency cases. So maintain your simplicity while keeping your portfolio high.
Classy as always. Quality material. No BS Respect ✊
great presentation!
I acutally buy lottery tickets, not because I'm convinced that I'll win but because it helps me to get over each week, it keeps the very last spark of hope alive, that I have partcipated in something, that could end my suffering, even if it's a vanishingly small chance.
Thanks for this Marko! These are good tips, especially thinking money as a tool and where it is used best. That's a good mindset to have.
I recommend not going to the casino
Marko brate napravi jedan video na Canadian housing market
Subscribed 👍 you are boss. Love your videos. Learned so much.
From the look of things, It can't be overemphasized that, Cash is thrash! 3 BEST and surprisingly easy ways to double/hold your funds in 2021; Crypto, Real Estates, who can guess the 3rd?
Has to be stock trading!!! Made my first million investing in stock earlier this year as a newbie after I met an expert from a reputable firm... Retiring by next year with absolutely no fears!!
@@kathleenstoner.n7499 Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. Who is the broker you worked with please?
@@sakhalittle9206 "SANDRA YVONNE WEBSTER", she was in the news when she revived Morgan Stanley & Co 2018. Look her up on the web to get more on her!
A colleague said she put in 60k into her firm and she doubled it in months... Been meaning to check her out cos she has to be truly amazing to do that.
Wow I know this pretty little lady. Met her once at a fundraiser in Dallas. Great speaker.
Even now I enjoy being reminded to have a THICCC portfolio.
Also, slots. I played once...though through a friend (since I was two young). Handed her 2 quarters, watched her win something like ... I'll pretend it was $4-8 but honestly don't even remember. Whatever it was, I watched her then promptly lose it all again. I left $.50 poorer, which was a good enough lesson for me. XD
2:34 I used to feel this way about lotteries, but I've come to appreciate that the actual value of playing the lottery, is in mentally spending all the winnings for the entirety of however many days there are before the drawing. In that way it's providing solid entertainment value, compared to, say, a night at the movies.
The lottery is not objectively wise, few entertainment options are, but in moderation(!), probably not 'never do that' levels of harmful either. I play it probably a couple times a year, when coworkers start talking about 'how big it's getting.' for only $10 I can join in, and pick out the color of the custom train I'd live on. 🤣
And if ur goin to play anything at a casino, u should only play black jack, and if u learn card counting, and get good at it, you can make alot of money, just dont go to the same casino every time
I love Marko's sense of humor
Casino ... one other point (aside from the beautiful properties, free nights stays, and free drinks that obviously the slot machines pay for) is the near miss emphasis programming ... the odds of winning are random, as posted ... the odds of seeing an outcome “close” to winning are massively disproportionate ... so literally u always feel like u are THIS CLOSE to financially correcting your life ... and that can be insatiable
My coworker constantly complains about being poor always has a lot of scratchers 😂
Best teacher I’ve had in my life
Such great information!
Good stuff. Just like all the other videos you've done
#4 is gambling, plain and simple. #5 is an admission that #4 is gambling. I've tried #4 several times and lost money every single time. I would recommend #6: invest in yourself. Don't gamble on someone else's dream, gamble on your own!
Nice!!!
Stealth the wealth 💯💯💯