“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” - Robert Kiyosaki
Investments only work if you have large sums of money sitting around doing nothing. The poor don't have such luxuries as their incoming is pretty much gone paying the cost of living. It takes few million just sitting around to create a diversified portfolio to produce livable returns. Sure you can yeet few grand onto a high risk and potentially make out big but that's effectively no different than gambling at your local casino.
Yeah all the rich and poor shi* is so that the creator can get subs, likes, views, and if lucky other benefits.... Far easier to just way well the system does not support everything and everyone.... so some people will end up broke!!!
stop promoting modern day slavery. When you come home, you need to have time for yourself, not blindly serve your corporate masters until midnight. Whether that time is spent watching Netflix, reading books, playing with children, going out, doing sports etc, is another matter. To each his own.
My boss is a very elegant 50+ lady who (on the surface) seems really well educated and knowledgeable. But while sharing a post-coital cigarette on the balcony of the conference hotel room, she admitted to me that she'd left school at 16 having failed every exam except home economics. Her secret? She listened, learned and worked her way to the top. That's actually pretty awesome when you think about it. 👁 👁 👄
@@BIOGODANIC Branson comes from a privileged background. Some of his companies are a disgrace. Eg: buying up NHS interests, asset stripping, and handing back the business to the govt as a failure. We endured his rail company - failed at it and others picked up the bill. Odious parasite.
I have always been fascinated by investing, but without adequate knowledge on the right thing to do, I find it difficult to start. *I politely ask, what’s the best sector to invest in?*
It is entirely possible for a smart and patient investor to go into investing with the right information. One of the best ways to get started is to get help from an experienced Financial Consultant . I've been investing since *2015* and I'm extremely happy with the returns I get working with my investment advisor; * Hamilton Phoebe Zoe*
@@johnpoter9007 I am very interested in this information and I've some money sitting idly in the bank with that I can start investing without further delaying, If you don't mind How can I get in touch with your professional?
@@rudriguezbauer7520 As to get more details about my Investment Professional; *Hamilton Phoebe Zoe* easily do quick internet research where you can easily write her from, do your research with her full names mentioned.
I'm glad I stumbled upon this. My wife and I works with Phoebe. Before now, we spent more and saved less. Phoebe changed that mindset and gave us a way to generate money investing in the financial market. Working with Phoebe, opened our eyes to a lot of investment opportunities, which in turn, helped us become less dependent of our earned income.
00:43 oh, this starts well. FFS, Warren Buffet's father was a Congressman with a thriving business. Through investments that his dad allowed him to do in the family business since he was young, Buffet finished university with no debt and a sizeable amount of money, which allowed him to immediately start business partnerships. And while it's true he worked for it, his father's name opened tons of doors for him (not to mention the good money he had to back him up). He was never ever in his life in danger of "failing" like normal people are. For him, "failure" would just have meant going home and taking over his dad's business or enter politics - a FAR cry of what can happen to the average person if they don't succeed.
@K RC "jealous of the rich" is the best you can come up with? Is his comment factually incorrect? Can you find logical flaws? Nope, just a lame insult.
Bottom line is that Warren learned from observing what his father's clients did with their money. Warren could have sat at home and watched TV, but instead, he made a point of going to work and learning from those who utilized good financial principles. He became substantially richer than his father ever was.
@K RC Dude, there is something wrong with you... I totally agree with the idea of hanging out with brilliant, successful, determined,etc... people. I am also in a favor of not trading your valuable time with people who are just throwing their's from a window but fking jesus, you targeted the dude who just said that, one of the reasons for Buffet successful enrichment was having a wealthy father as a backup in case of failure. That's not an any kind of jealousy, just simply putting the facts on the table. How dare you accusing people based on this statement ? P.S I'm not an english native speaker, so please consider it while shaping some opinions.
Yep. I kept wondering when they were actually going to talk about the habits of rich people. Like the business owner, not the employees. This video is great as an examination into leading a better quality of life, but it's by no means a way to divide rich from poor.
When one is wealthy enough, they often buy the $1000 sunglasses as opposed to the $25 or $250 models because the price makes zero difference and they prefer the exclusive option with the superior design and workmanship. Exceptions exist, but this is the norm in the people I know with $100+ million in assets, especially when born into it. However, some men who earned it tend to still buy frugally. (I’ve never seen this with self-made woman though).
It's a good video except, i have never seen a boss who would reward someone for extra efforts, 100% of them are happy to exploit all of their emploeyees with words "Well done boy, you are the best"
Heck I have had bosses that don't even bother with the attaboy but boy do they remember if you ever make a mistake. Had a job where I landed a $2.2 Million dollar contract and another where I missed some windows, guess which I heard about?
@@jasonasdeckernfortunately not only bosses are like this, simple people too, you do to them good, they will forget it like it never happen, but once you've done bad to them, people will remember it forever. I guess human psychology....
"It's not my place to run the train The whistle I can't blow. It's not my place to say how far The train's allowed to go. It's not my place to shoot off steam Nor even clang the bell. But let the damn thing jump the track And see who catches hell!" ~ The Engineer's Dilemma
Continuous learning won't help you climb the corporate ladder, politics will. But climbing the corporate ladder isn't how you get rich except for a very few.
Rich in money is one thing, rich in money and time is completely different. As a corporate person, I don't believe you can be truly rich while working for a big corporation.
One day John comes home after staying late at work again to find a note from his wife: "I'm leaving you. I can't live like this anymore. In 20 years of our marriage you never have time for me."
Who cares about 54 years old wife when he has money to buy 3 18-year-olds now!? I'm kidding, but a wife should be supportive of her successful husband. Also, there's a difference between spending time with someone and spending quality time with someone. If you are really focused and positive you can do much more in one hour with your SO than someone average in 10 days. ;)
I work in IT, I am not particularly well paid and my co-workers mock me for the car I drive. One of the doors is broken and won’t open it has no air con or internal fans. I chose not to have children and my only pleasure outgoing is some beer each weekend. I have a count down date 2 years 1 week etc. I change it once a week. Nobody noticed until a new employee asked what it was for. I explained that when that number reaches 0 I will be mortgage free . Others over hear me talking about it and asked how I can be mortgage free before I am 40 . I asked them how much their car cost…. $30k , $40k even up to $70k they asked me why I asked and what I drove. I told them my car costs $1k the money they put in their car I put into my mortgage. The penny dropped
Rod Schmidt it should be worded as “surround yourself with goals driven people”. If you keep surrounding yourself with losers that blame everyone but themselves for their state of living then you will become one yourself. I had to drop out of college because my dad’s company l in Venezuela become nonexistent. I was supposed to inherit it and studied business since literally freshman year of high school to do so. He also decided to have his second child with my stepmom at that time. I could have blamed everything and everyone for never moving up, but I decided to help him for 4 years to build a small company from scratch so he could support my brothers, while also having a part time job to save some money to move across country. When I finally moved, I worked 3 jobs to make ends meet literally working every day until I finally got a full time job I was comfortable with. I was in a very low moment all those years but thanks to always surrounding myself with goal driven people, they helped push me to the reality I wanted.
Sometimes I really wondered how people make this huge profit investing on stocks market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
There are many poor people that don't even have a vehicle or smart phone or a computer. They wear used clothes and walk everywhere they go. They can go for weeks without spending a dollar. Question: Why aren't they rich? Answer: Low paying job.
The market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 55k today. 2021 is gonna be a great year for investors. I will stay rich and woke there💵✌️
I have seen numerous positive remarks about this broker in the past, a video I watched 3years ago, I ignored it now I think am regretting it. I am not going to ignore her recommendations again!!. There must be a reason why she is so admired by her clients. How do I enroll with her!!!?
Heard stories this CEM trader | believe that stands for cynthia Edna mchenry, it gives me great joy to know there are women out here making tremendous impact in the trading world. I for one would like to have her manage my account.
@Mr Beast You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
This vid has some good points, but its way too much "ivory tower" with meritocracy and believing that hard work in and of itself will automatically equate to earning more and getting promoted. In reality, the ability to master the art of "office politics" and social engineering is just as critical if not more than work effort put in. There are people that work very hard, but get passed over because they don't stand out, and there are people that work far less but get promoted with raises because they figured out with areas have the most prominence and ensure their efforts are noticed by the right people. Next, it's been proven that having people save $5 a day not ordering coffee is not going to change their earnings trajectory. You'll have to make bigger sacrifices- like cutting cable, and finding ways to reduce rent/mortgage costs. Finally the old saying rings true- you're likely not going to become wealthy working for someone else- you have to think about being an entrepreneur.
People at work always made comments because I ate out for lunch. 20 days a month at $8 per lunch comes out to $160 a month. I drove a 14 year old hybrid that was paid off and had 3 roommates while they had car leases and $1700 a month rentals
Office politics are just shallow things that can work temporarily, but don't make you trustworthy. The tips in these videos are as simple as diet and exercise is for losing weight. They work and should be common sense. Nothing he said in this video was wrong, they're just the foundation that you build on. You can add networking and good social skills in there sure, but it's better to work on the foundation. Sure hardworkers get passed over, but if they're constantly learning, improving themselves, and investing, it doesn't even matter. If the current workplace doesn't acknowledge all their accreditation, knowledge, experience, and skills, they can just move on to a better paying and appreciative company.
The difference is mindset!A poor start can destroy one person,and his less fortunate neighbor could excel.Look at the circumstances of Professor Stephen Hawkins!He was a renowned astrophysicist,nobel prize winner...and quadriplegic!
Raymond Serpa you exactly just made my point👍. But there’s two sides. Sometimes those things I mentioned CAN be a huge favor and sometimes it isn’t. It’s just reality. I’m not mentioning anything new
@@tompain2751 so where's your Nobel prize? By your reasoning you should have the same and more. Also, you need to understand that in the UK a lot of business and allocation of top jobs is based on which school you attended.
@@jwsuicides8095 No.I'm saying that Stephen Hawkins overcame a seemingly impossible obstacle!What excuse could a healthy person have,for not chasing their dreams?
@@tompain2751 He came from within a privileged class stratum. His circumstances were appalling but were he living in a lower class family at that time it would be very rare for him to have gone to university.
Its the truth. I am rich and my brother is still poor. We got the same job with same salary at the same time. He had a credit card. He used iphone when I was using a cheap Sony xperia. He bought a 55 inch Sony OLED TV when I was using a cheap 32 inch LG LED TV. Now he is completely broke. He even doesn't have money for the maintenance of his house. During this video I was thinking about my brother.
@@beautifulplaces2703 So says the guy with 1 subscriber. And yes sucka I know I don't have that many either. But what I do have is a grip on reality unlike you.
Took my until my mid 30's to fully understand the concept but it's right. If you can't pay yourself first than you're living beyond your means somehow or you're not spending your $ wisely.
It actually works. You treat your savings like you never had them. Then you are forced to sit down and figure out what you can cut down on to make up the money. I guarantee you there is an area where you are bleeding money unnecessarily. Like that morning Starbucks the guy was buying, or fast food, or the temperature you keep your air conditioner set at. There's always something. Just last payday I paid off a credit card that was holding be back in one chunk. My son asked how we were going to make it for the next two weeks. But you know what, today is a new payday and we made it and I don't have that money going out anymore.
1. Rich and poor dont do the same job. 2. For a rich person, a job is optional. No, what this video is describing is spender vs saver. And then sprinkled with some generalizing bs.
You're not "rich", are you? A person's mindset guides their life, one's life is an expression of their mindset. People don't have money because they are poor, not the other way around.
@@sizzlenotsteak Mindset this and mindset that. Thats just hipster hyperbole. Some people are both clever and driven, yet get nowhere. Some other people are idiots that get rich by luck or inheritance. Saying a mindset is everything is just a simplified lie. Also, dont poke your nose were it doesnt belong.
Linus, a midlevel job is enough to become secure over time if you do the right things. Honor God, give to your church, help the poor, avoid debt, live simply, and save all you can. After a few years you can afford to max out your 401K, buy rental property, and pay off your mortgage. Always live below your means. But if you love money and love spending it, you will never have much.
@@andrewheffel928 While I dont disagree with that lifestyle, its in no way a sure ticket to becoming rich. What if you get cancer or become burned out? A safer bet would be to buy stocks in weapon manufacturing companies, for instance. And there is my point again; being good and being rich is not necessarily mutually inclusive, and vice versa (poor and 'bad'). Claiming its all about mindset is simply a convenient lie.
I've been doing this in real life for years now. I'm making good income selling about 40-60 products per day on Amazon pretty passively... I must say I didn't see that coming, all thanks thinking of all kinds of ways to make money on the side, educating myself and betting on myself when friends and family did not believe in what was possible. No one supported me... My advice to anyone is to keep your dreams and goals to yourself, then succeed and let your success speak for you.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Anyone ever consider that most people don't want to be million/billionaires? I know I don't. I just want a simple, quiet life with my basic needs met with a little left over for wants.
@@obiwanjebroni505 Nope. Small 1-2 bedroom home, small yard, maybe a shed to keep my lawnmower, a carport for my car. Money left over to buy a small fishing boat or fourwheeler. I don't need a huge mansion or multiple homes.
Absolutely! There are litterally 10000+ ways to generate income from work. Only a very few are connected with massive income. Like manager, investment, banker, top attorney, top entertainer, top athlete,... than there are the other jobs that may not paying you zillions, but people are happy because they live a more simpler life, follow dreams that don‘t cost a fortune or generally don‘t like the concept of working all your life for materialistic things/investment success/presige/awards. Sure, for some it‘s important to own that 250k $ car to show off, or sit in the VIP box to see a game, but not everyone wants or needs that.
I don't have a $2,000+ wardrobe, nor the latest iphone. I still have my 'old' galaxy s7 edge, and I shop at thrift stores for most of my clothes. I also never buy the latest model of a smartphone right away. Am I rich yet?
Having assets imply means you have tools to transfer money from the poor. Not everyone can have assets at the same time. One is on the receiving end (the rich) and the other one is on the other end (the poor).
I had a manager that loved hockey. The only people that got noticed and promoted were those that could yabber on about hockey. People that were actually productive were not only ignored but seen as a threat. But he was secure blaming everyone down the line for low numbers because his boss in head office loved hockey too.
So the difference between me and a multi-billionaire who keeps his money in a tax haven oversees is basically that I spend too much on clothes? Ah, now it all makes sense.
"What Truly Separates the Rich From the Middle Class Who Think They're Poor" would be a better title for this video. It's informative, but sadly, irrelevant to most actual poor people.
@@abbiecovington6865 Yea I have seen these homeless people you guys have in LA and other cities in the U.S. They are definitely in the world's most poor category sorry to break your propaganda glasses.
Go back and listen. You got the learning down pack but apply these steps and by the end of this year you will see some results. I speak for myself as well. I got all this learning and nothing change except the way I think and apply what I’ve learn will.
@@jordanruth0809 is abput luck too, not everybody want to help you to learn how to invest money, if you dont know how to invest money you just save and then you spend the money because you dont know how to invest money
I earn 5x minimum wage, but I still buy used clothes, for example, a pair of trousers for 5 bucks. It is not about how much you earn. It is about how much money you need to be happy.
This is about 75% true. I was born to a broke single mother I'm worth about four million now, I'm 52. I saw a big mansion and a couple that owned it. A young man laughed because their vehicles were a six-year-old Minivan and a 3-year old Toyota Corolla. I knew that young man would never be rich. The vacation, sharing a condo across the street from the beach versus a five-star hotel on the beach would make that part more sensible.
I have always thought that Rich does not mean luxury. The richer you are, the less the importance of the concept of money. The real cool thing about being rich is the freedom of doing whatever you want, without caring about the price. To me, sitting at an average restaurant and don't need to bother with the price tag is the coolest thing ever
don't ever sell your labor. Make something only once- write a book, an album, a video, a movie, a line of code-and sell it to a billion people. And by all means, buy real estate.
You can't buy real estate if you're poor. And when you do, you become a parasite. You make money by doing nothing while some other poor person has to pay you.
Simboiss uh no. A parasite takes things and give nothing in return. As a landlord, you take their rent money, and provide them with shelter. That’s a poor mindset to have.
This is complete bs. Don’t even know where to begin. It’s as far from reality as possible. An annoying peace from one of those fake motivational trainers.
It's misleading just from looking at the first pic. Rich people may buy those stuff cheap but they spend much more on houses, yatches, luxury travels... It's not that they don't spend the money, they just spend the money differently.
there's a massive leap in my finances ever since is started overlooking certain wants and investing more. i've been able to safe $67000 from investments this year and i hope for more to come
Probably insulting to suggest that rich people never stop learning whilst poor people are lazy and do nothing productive. Poorer people have to work much harder than well off people to reach the same place.
Agree. Just because a person is poor does not necessarily mean that person is lazy. There are other factors that need to be considered, such as ability to learn new skills for one. If a person has only the skill to clean, and cannot learn anything new, the only way they can increase their income is to get a higher paying cleaning job (as far as I know anyway).
@@cyphrinfinity9992 This just is unfortunately is true though, Poor people statistically own more TVs and spend more time infront of them than higher educated wealthier people. They also spend more on ciggarettes and alcohol as well as drugs. None of which contribute to their wealth.
Rich people don't necessarily work harder than poor people, but some time in their life, they definitely did work their asses off, and you only now see them chilling out with their money AFTER they've gotten to the point of not needing to work anymore.
@@username-pm4rh reason why its easier to buy lottery tickets ciggarettes and booze in certain places.....gotta break the cycle to become wealthy....lottery tickets is just handing more money back to the state ...its a voluntary tax...dont we pay enough taxes???
There are many dynamics separating rich from the poor. At work I worked late every day and got my work done ahead of schedule under budget. Meanwhile other employees worked weekends just to keep up. Management praised the other employees for working weekends. My manager took on a project nobody would take. Mistakes were made by other people on the project, My manager was demoted because of it, even though we performed well. I know a person with a high school education that died with a million in the bank.
1 million is a modest home in my city. Perspective is key. U got to get in the mind of the person passing the judgement. And U got to work out if their opinion of U counts. Working week ends are impressive, then do something about that.
Hell yes. Always ask yourself is the extra work worth your time. Are you sacrificing your life right now for some end goal that you may not even reach?
This actually happened in real life, I think in Japan. A guy kept always staying late at work and got praised by boss, and then one day had heart attack and died, he was only in his 20s...
Ehsan Amini mindset is everything! if you think your poor, your subconscious will never give you the ideas to become wealthy, since you’ve already given up
yup because rich have opportunity to buy large amount of assets like real estate and stocks which over time keep going up and making the rich richer. on the other hand economic crashes hurt rich people way more than poor people
@@t.555 Wealth is accumulated over time is exactly what Fearless Dreams might be intended to say! If you wake up rich, where are the experiences? where are the struggles? How would your mindset change? You'll probably wouldn't know how to keep it or invest it in the next day. The thing is if you keep circling in the poor mindset, you'll never try to be rich; hence, you'll probably think wrong about people being rich.
One thing that people always leave out is that yes, it is the mindset that separates the broke from the poor, but it's the MAJOR ACTION that is needed in order to go from one class to another...you dont get rich from working hard, or delaying gratification today ( although you earned every right to it by hard work) denying yourself a Starbuck drink each day until retirement ( which you may never see)...Moving up means taking drastic actions to get there, such as moving away from family and friends to go where the opportunities are, buying Goodwill clothes for the next 10 years just to save enough money to get that house or that business started or invest in the market. I had to give up wearing Nikes for 20 yrs just so I could buy a whole lot of NKE shares. Also had to deny myself lots of things for years just to earn my MBA and still struggling to move up a class. It's tough to deny yourself things that you work so hard for to go to a level that you may never get to. It's a tough set of decisions but are neccessary but how many of us are willing to do it...not many, which is the reason many of us are on the bottom of the pyramid holding up the rich.
It is possible to slowly amass wealth, the starbucks was just an example of people paying through the nose for convenience. Being frugal and being able to invest more helps those major actions become more major as well.
I'm Tim, so I can verify. Thing is, nobody teaches "how" to gain wealth! That's specialized knowledge! Nobody even teaches how to keep your wealth. We're taught to get a job, be a good worker, and watch your pennies. It's like teaching a fish how to play tennis: there's no conceptual framework available.
Yeah, when I was single I don't cook, and I hung out with friends at fancy restaurants, ordered wine, shopped at the boutiques wearing glamorous outfits. But then I married, I learnt how to cook, wearing my old clothes, have a picnics instead of restaurants.....my husband and I both are healthier and saving more money.
I do not agree with a lot with the examples, although the I ideas are correct, the examples are little bit confusing, guy, remember (rich buy assets, poor buy liabilities). And again, I agree with the ideas, but you need a better example
"Tim never stay late to help the team"..... so, you are telling me that the reason I'm not rich is b/c I'm not working free overhead hours and prefer go out the office and live my life? ..... thank you but no thank you.....
What's the difference between spending money on the latte or the vacation? Neither situation made you richer. It's more about making more before spending
Bin Chen thank you. My thoughts exactly. It’s not so much about what you spend on or how much is how you manage your income and how you get it to make more.
Okay, it is always recommended to spend money on vacation ,to travel around the world as it fundamental for one's growth. So it like you investing on life experience.
I think it was a bad example. Going on vacations has nothing to do with being wealthy. The better example would have been one guy going into debt to buy his stuff NOW, while the other guy takes on odd jobs to afford it later. Debt is a huge tax on your finances. Never go into debt unless you're buying an asset that will generate more value than what you lose from the interest payments.
I'm seeing a lot of themes in this video from great books such as: Rich Dad Poor Dad (Invest In Yourself first) Mindset (Poor Mindset / Growth Mindset)
It's not about winners and losers. It's a decision you can make. Do you want to be happy right now or do you want to sacrifice now to be successful later.?
So you're trying to perpetuate the idea that people are poor because they're lazy?! The level of generalization here is sickening. There are no statistics, no sources, it's all hypothetical examples set up like an advertisement.
There were far more. Ill give you some. 1. They pay themselves first. Saving 2. Surround yourself with success. You tell me who your friends are and Ill tell you who you are 3. Delayed Gratification. Long term pleasures vs Short term. 4. Positive mindset about negative outcomes 5. Selling Value, NOT Time. Check your mindset :)
1. You're not taking into account the factory worker that spent 20+ years climbing the ladder only for the plant to close leaving him under trained for much else. 2. Or the single mother who works 2 jobs and can barely keep food on the table bc her wages don't keep up with inflation. 3. The single mother's child who can't go to uni bc they have to work to help their mother make ends meet. 4. The person who did everything right; spent years getting a master's degree, makes 6 figures, but is still in debt at 40 bc he paid 3x what that degree would've cost 20 years ago even though it's worth is the same. Check your knowledge.
@@julsie3195 Jules I agree. 1. If you're a factory worker but did not plan on the plant closing. Businesses are not 100% going to survive forever. No backup like the video suggests. Thats on you. You had 20+ years to do something about it. 2. To answer all the other the other situations. Circumstances happen. But don't use them as an excuse. My Parents lived by with 4 children on almost $800 to $1000 per month when i was in highschool, my 2 brothers still in elementary after my father's business failed. My Mom worked 2-3 jobs 7 days/week. We are all graduates in 4 years of BSN, now im learning business. Im debt free. Paid a 40k car in 2 years on top of all other bills. I understand where you're coming from. My martial arts master had nothing in his pocket after graduating college. He decided to take a loan and build a martial arts gym. got in debt. He barely ate the first 2 years. Worked when sick. Now has two schools, with 8-10 employees. Vacationing like a madman. That's sacrifice. Thats discipline. Thats finding a way not to be poor again. I don't know where you are in your life right now but that kind of mindset, looking for faults and excuses will not help. Like the video suggests, and all the other people who have made it from rags to riches is this, instead of complaining about what you have, find a way to get out of it.
After watching this now it makes sense... I am definitely john because I put in the work , always researching , increased my productivity and always helping others at work that why I got a raise this month and I treated my self to something nice. Did I also mentioned I went back to school n every year I get at least one to two certifications to improve my skills. I used to be a Tim but after hanging out with my friends who where a john I had to step up
The actual difference between wealthy and poor is that you don't become a billionaire by being kind, generous, or empathetic. Poor people "pay themselves last" because they live paycheck to paycheck, meaning their rich bosses don't pay them enough money to cover their basic living expenses AND put a decent amount toward savings. I'm sure so many, myself included, would LOVE to put $500 away each month in savings and investments. But when your monthly income is $3,000/month or lower, that gets a little tricky, especially if you provide for a family. After you take out rent/mortgage, food, utilities, and all of the things you can't not pay every month, you're left with crumbs, crumbs that you still put away for a rainy day, sometimes over years, but then it gets wiped out with one car repair, one trip to the hospital, one or two months after being laid off. Sure, you can just work hard and your boss MIGHT reward you, but the reward is always more like "well thanks, better than nothing I guess". I've gotten 5 raises over 2.5 years of work at my current job, through a hellish pandemic, and I still make well under the minimum livable wage. Also, take note of the ages of those 69 (nice) self-made billionaires. Christ it's like a damn retirement community made entirely out of gold, interns' tears, and extinct/endangered animal skins. It was way easier to make a fortune before we reached this stage of hyper-capitalism. When those fuckers were the low rung of the corporate totem pole, ass kissing and working hard and playing in the stock market actually yielded results (obviously), not to mention a college education was way cheaper and wages were way fairer. But now those very people control the markets and do everything they can to prevent any assistance to their workers so they continue to be exploited, avoid any accountability by throwing their money at problems, and through legal bribery slowly work toward ensuring Mother Earth dies while they go play spaceman on Mars cuz theyre running out of ideas on how to spend their money. You made an entire video essay admiring a technique of wealth building that doesn't work or even really exist anymore. You are Fry from Futurama booing fellow poor people because you someday MIGHT be that rich. And I mean sure, there are exceptions to every rule, but while only 11 of the top 80 inherited their wealth at the time this was made, when those other 69 rich fossils finally get buried, where do you think all that wealth is gonna go? Certainly not to those who "worked hard" for it...
BS! No boss would be generous and kind enough to voluntarily offer you a big bonus unless you fight telling him that you are worth it. They are stingy .
Not entirely true. If you can show that you brought in a lot of cash once, and if you want that to happen again, you'll want a % of it, then you can get those bonuses. Course, the flip side of that is that you can use an new in innovations for yourself instead of the company too. The company can make more money than you can implementing it by yourself, but by yourself you keep 100% of the smaller profit.
Mostly bonuses are based around how much money your contributions make for the company. The closer you are to actually affecting the company revenue the bigger bonus you get. In my field (Programmer) I normally get a raise and bonus at least once a year.
I'm gonna have to be honest with you, Bob, You see, Bob, while your video does make some excellent points between John and Tom who had similar backgrounds and similar opportunities, with John having a good attitude to work and money, while Tom had a poor one, which highlights how one managed to get rich, while the other remained 'poor'. Thing is Bob, you forgot poor Bert. Bert grew up in a working class family and lived in a working class neighbourhood and went to school that didn't have the facilities to accommodate Bert's ambitions. Bert's family couldn't afford to send Bert to a different school. Therefore Bert didn't have the same opportunities that both John and Tom had. Regardless, Bert worked hard at school and did well and went on to college, but he worked through college to help his family. Bert left school with reasonable grades, but was unable to get the kind of jobs he would have preferred. Instead he took a low paid job and hoped to gain experience that would eventually lead him to promotion and a better pay. The minimum wages he earned were barely enough to pay the bills in his studio flat, but Bert, unable to afford a latte on his way to work, put some money by each week for night classes. Unfortunately, Tom's company closed down , which meant the smaller retail outlets it owned also closed and Bert found himself out of a job. He could no longer afford night classes and despite all his best efforts, could not find a new job. Bert's future is bleak, Bob. He might, if he's lucky, get another low wage job and after several years hard labour, may one day pay off his credit card debt he's accumulated paying for dance classes for his daughter and to keep his battered car on the road. Got the picture yet, Bob? It's been a year since you posted the video Bob, but maybe Bert will see it and think his whole life has been worthless as you didn't include him in your examples.
The PITA of being a boss isn't worth being rich and I have zero interest in climbing the corporate ladder. I've seen how many hours corporate puts in and they are never home. They even work weekends. I'm not interested in being rich; I want to become financially stable enough to enjoy life and not worry about debt or survival.
I have a feeling John in this video has way more energy than he should. Like... how can the dude maintain being highly productive at work for the boss to notice him, stay overtime while also studying late into the night? I asume he would also have to live close to his work place, because otherwise he could spend up to two hours in trafic every day. It seems like he wouldn't even have time to have friends.
The rich usually have a good and healthy starting position whereas if you’re born into a poor family, you are more likely to have limited world experience, mental health issues, and stuck in the mindset of always being poor. Yeah there are some cases where a really poor person became rich. But they always had help in some way, wether someone noticed them after years or they got out a risky loan to start a business etc.
If you come from a very rich family, you already have one foot in the door to being wealthy. If you come from a very poor family, it's all uphill climbing. Statistics have shown that a son of a factory worker does not have the same chances of making it to university as a son of a lawyer does.
Sorry but I'm more happy to be poor to spend time with my family. If one of my family members or my siblings die just because I'm rich and I don't care About them. The only thing I will sacrifice is my own life this is not funny. I'm poor and even my sisters are to we got a house but we don't have as much money as you guys do. Not only that I spend more time with my friends as well instead of Just being selfish and not caring about people who are poor. When I got money I hope the poor to eat even their dogs. The dogs were nothing but skin and bones when I 1st saw that people and I fed him water and dog food from what dollar store. Maybe next time if you open yourself ish mouth your realized this whole tired they might come back to you you will realize some day that you are a horrible rich person!
Besides who would like rich people who like to brag about how cool they are and how much money they got. O have any money to feed the cats I'll have any money to feed my family at this point. So it's best not to talk about it's all your fault you're poor will you don't know our life our life is much harder then you're stupid rich life I'm pretty sure you had a hard life as a rich person. And you never had that much many friends except going social media and brag about I got Burns and all that that's why I don't go on Twitter or Facebook then you guys. I rather stay-at-home and spend time with my family more and care about them. I'm more happy to be poor but you as a rich person You be poor within the heart day you can't spin much time with anybody! Me I'm so sick of everybody saying the same dogone thing!😡
@@tayahoneybear You're right, there has to be balance. Work hard, be independent, but don't become a money-obsessed psycho, they are never happy anyway.
This may be true for rich people's day to day lives but when visiting important events or parties,from head to toe,they are worth more than what poor people make their entire lives.
John makes 100000 a year and has a lot left over after he pays for everything. Tim makes 30000 a year and has nothing left over after he pays for everything.
@sorry mrgoogle I'm not sure where you live but 30K a year in many major cities is not enough to live. Not when a small, dingy apartment costs at least $1,200 a month (and that's considered cheapest-in the ghetto). Then you have expenses like utilities, food, gas, car maintenance, car insurance, (forget medical insurance) and essential home supplies like cleaners and toiletries. All the sudden-that 30K a year person not only doesn't have money left over but most likely goes without most months. I think that comments like yours must come from children who don't know how much it can cost to live or someone who is out of touch with reality because they've never been in said situation.
Like that one it's funny ,but it's as some biblical value to it.. that makes sense... You can create wealth when you have a healthy and consistent cash flow .. weather it be through a Business or High paid job... Your able to reinvest that money to Generate wealth....
We all can create wealth ,if we are willing to learn ..and purposefully apply the value of what we learned.... In the endeavors to great life's wealth... If we don't apply what we learn then it's of no value.. it's after you plant the seed that it will grow ... Even though alot of people reap what they see have not planted....Good Samaritan planted for them .. we can go to the Bank ,on what we apply according to the financial education we get in this video..peace.... I enjoy your comments... they were edyfing ..even in disagreements... PEACE be with you all.
The key skill nobody ever seems to talk about is how to manipulate people. Wether for good or bad, manipulation is a core, key skill. A manager can't manage effectively if they don't know how to manipulate and delegate. People might just want to be content with what they've got if it means less stress in their life. Stress is a killer.
Yup - I now know - first hand - that manipulating ppl is a "skill", where the manipulator, is, generally a psychopath/sociopath - only out for themselves, and have the extreme chutzpah to do so. Not to mention, that they usually are brought up with a sense of extreme entitlement
@@meredithheath5272 Or people who just don't tolerate fools and want the job done. Manipulation to me is neither good or bad but just a tool/technique in order to get stuff done. Some people manipulate for the greater good and a preferred outcome for the majority or even for people who don't realise. But some people manipulate for their own selfish interests. Manipulation techniques themselves are neither here nor there. But you are right in that most people abuse it.
This video was absolutely the most tone deaf video I’ve seen on the differences between rich and poor money management. It paints poor people as lazy, lacking priorities, and having little to no control over their impulses. This completely ignores that the poor most often come from poor families and don’t get the help that middle class and above families have to offer. And that’s before we even go into the challenges POC, disabled folks and women face. I couldn’t finish this it wreaks of privilege.
I came from a poor family and I'm a woman and I'm not poor. Poor people aren't lazy, but they are ignorant of how money works. With all the information out there on the internet now they can learn if they want to, but some probably don't even know that because they're searching for stuff they don't need instead of financial channels. A lot of the poverty problem would be solved if anyone who got earn income credit on their tax refund or government assistance had to take a financial/investing seminar.
Great video and everything is on point! The difference between the rich and the poor is that the rich knows how to invest while the poor know how to save.
One day John died unexpectedly and missed all the opportunities to enjoy his life, and Tim died of a massive hearted attack at a state funded hospital. The end.
:)) watching Netflix and buying expensive clothes is a good life? Plus working for someone all your life? I prefer to invest in myself now when I am young plus I try to have a balance with my time (salsa classes/ holidays/ piano classes/ going out sometimes) but priority learning and investing (stock market, forex, etc).
"He should read more books to get promoted" I laughed when I heard that! I strongly agree with the general ideas presented here, but my experience is that in the "real" corporate world hard work, smarts, and extensive learning and expertise aren't enough to get you promoted. Do those and become extremely good at what you do to give yourself the pleasure of putting to the lie the ideas that the corporate culture sells you. Ultimately, many of us need to start our own businesses to get "promoted".
Agreed, if you stagnate at a single company you might get a couple promotions at some point but, it's a poor return on your time. I would edit the idea to tie it in with his dinner party "example". If you improve your skill and broaden your areas of expertise you will identify new and better opportunities at other companies. As you say, starting your own venture also becomes an option.
@@davep3728 Maybe it's just me but I ask the question: Are most corporations meritocracies? I what I mean by "meritocracy" is that my metric for "merit" is competence in the supposed area that the employee was hired for (or expected to evolve into). I don't exclude the ability to treat people in a civilized matter, but unless the position is by its nature political i.e. management or marketing/sales, I do exclude political abilities. I don't think it's fair to punish say excellent engineers because they might not be really good a manipulating management. What do you think?
@@philmarsh3859 I can't speak for all companies or occupations but, I think most companies like to think they are meritocracies. Unfortunately, the folks making the decisions often don't recognize competence or mistake some other quality (ambition) for it. With portable 401k's, I think the typical competent employee is foolish to trust their career to a single company. Raises and promotions are much more likely to occur by hopping to a competitor and possibly even returning a few years after that. Loyalty is no longer rewarded much. I've been at my job for 23 years and have been poorly compensated for my loyalty. However, I recognized this early and started my own side business as well so it works well for me. Some of my coworkers complain and I always suggest they should test out the job market.
The people who do well are nearly always "politicians" - networkers. More deals were made when people smoked or drank together than in cold boardrooms. They are also typically quite selfish (often very selfish). People who care about others (as in genuinely care) rarely become rich (although they are not necessarily poor).
While I do agree with what you said completely, the hard truth that most people will never be able to start their own business, even if they do start a "small business" they may not become rich out of it, but at least they will not feel controlled or exploited, and sometime that all we need.
First idk what planet these guys live on but on Earth the rich and poor do not have equal job opportunities (i.e. networking, references, educational institutions)
Don't even have to watch the entire video to determine that it is the same story told by many videos. A poor dude exclaiming how rich people become rich by living within their means and living frugally. But in reality people who are truly rich can afford any clothing, any style, or any venture they want. The $1800 Louis Vuitton shirt they are wearing costs them the same as what it costs you to buy coffee...
This is awesome. It's a 10 minute rhetorical talking point fest. I remember my first $10k bonus for working hard...oh, wait...um...that's not really a normal thing.
@@trubadurudezute2387 That's a blanket statement that's misleading. The largest bonus I've personally heard of was $1 million for someone that left the company quietly after a takeover.
'talking to the other loosers?'......what about coming back home from work and not finding a cartoon room but life issues and personal struggles? For example? What about living a life worth living one day at a time sometimes? Don't mean to offend but...yes...I have the impression this is a quite simplified version of the thing.
Warren Buffet's father was a United States Senator. He is a brilliant investor, but I'm sure his father called in a few favors when his was starting out.
True. I'm a unionized worker at a University. I don't get bonuses, and can't get promoted unless I apply to better paying positions. However, my job security is higher than most and I get a pension. That being said, there is good advice here like having side gigs and saving.
@@tompain2751 True. In my public sector position, the long term benefits outweigh or will equal to what it would be in the private sector. I might not be making big bucks right now, but the other rewards will be there down the road.
Much of this is right from Rich Dad, Poor Dad .Some good points here: Don't waste time vegetating in front of the TV. Delayed gratification enables us to obtain nice things. People who spend money on expensive cigarettes, alcohol, & coffee can't afford basics like car repairs. Stop buying expensive stuff to impress others. Use free stuff when possible. Save before you buy. Education and training pay for themselves. Go the extra mile. People notice. Network now, before you need it.
@LilHo I think that there is a big difference between being frugal and being mean. The difference between flying economy class sometimes as opposed to flying first class everytime.
Hanging around with the right people doesn't always mean the rich ones, but with people with the right ethics and attitude. I had 2 groups of friends in high school. I'm doing alright, but shoulda hung more with the other one.
Economics 101: Everyone can't be a billionaire. There's a reason it's called "wealth accumulation" i.e. steal from the poor, give to the rich. EDIT: since some can't understand it simply, I'll quote The Guardian: Adam Neumann, WeWork’s now ejected founder, is making off with a $1.7bn reward for failing to achieve his vision and appearing to lose investors eye-watering sums of money. As with most tales of financial hubris and reckless over-expansion, the architect absconds with the spoils while the company’s employees pay the price. About 4,000 WeWorkers are expected to be fired. Their new chairman told them they were “taking one for the team” - one of the lesser-known features of the market’s invisible hand.
@@stonedaurelius6496 None. Not a penny. I always laugh at people who say "the rich got rich by stealing from the poor." It's ridiculous, no one but an idiot would steal from the poor, because the poor, by definition, have little or no money.
the rich have assets, not money.
Also, they work for wealth, not money.
Yeah but when those women get older their assets sag.
@@hydrolito true
@Iron Heart you need to
@ProSocial Pessimist Yes they own, but they do create too. when is the last time a poor person gave you a job?
“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” - Robert Kiyosaki
Investments only work if you have large sums of money sitting around doing nothing. The poor don't have such luxuries as their incoming is pretty much gone paying the cost of living. It takes few million just sitting around to create a diversified portfolio to produce livable returns. Sure you can yeet few grand onto a high risk and potentially make out big but that's effectively no different than gambling at your local casino.
poor people spend 90% money on food clothing shelter, how the hell can they invest 😂😂
Yeah all the rich and poor shi* is so that the creator can get subs, likes, views, and if lucky other benefits.... Far easier to just way well the system does not support everything and everyone.... so some people will end up broke!!!
The rich buy assets, the middle class buys experiences, the poor buy things.
The only way someone gets rich from nothing is hard work and advertising to everyone to sell an idea if you can do this you’ll make money every day.
stop promoting modern day slavery. When you come home, you need to have time for yourself, not blindly serve your corporate masters until midnight. Whether that time is spent watching Netflix, reading books, playing with children, going out, doing sports etc, is another matter. To each his own.
Ok but none of that pays a person, they deserve to be poor because they want to chase pleasure instead of improving their lives.
My friends make fun of me for still having a iPhone 6s when they have the latest 11 pro! I then thank them as I have stocks in Apple.
It's a publicly traded stock. You're not special.
4 Virtues 4 Truths oh you must be the brain then! 😂😂😂
4 Virtues 4 Truths You CLEARLY missed his point. You must be an iPhone 11 Pro owner... 😌😂
I don't have a cell phone, don't wont one or need one, Nor do 99% of the people that have one.
iPhone Pro is not even that expensive. Every1 at my work pre-order one and every1 walk around with one. i would get one but im an android guy
my dad: PHD, biology genius
my dad's boss: didn't finish first grade
hahaha lol ^^
My boss is a very elegant 50+ lady who (on the surface) seems really well educated and knowledgeable.
But while sharing a post-coital cigarette on the balcony of the conference hotel room, she admitted to me that she'd left school at 16 having failed every exam except home economics.
Her secret? She listened, learned and worked her way to the top.
That's actually pretty awesome when you think about it.
👁 👁
👄
😁 And deep down they hate how much more educated he is!
just take another rich person with no education the master mind who created Virgin Richard Brandon..
@@BIOGODANIC Branson comes from a privileged background. Some of his companies are a disgrace. Eg: buying up NHS interests, asset stripping, and handing back the business to the govt as a failure. We endured his rail company - failed at it and others picked up the bill. Odious parasite.
I have always been fascinated by investing, but without adequate knowledge on the right thing to do, I find it difficult to start. *I politely ask, what’s the best sector to invest in?*
It is entirely possible for a smart and patient investor to go into investing with the right information. One of the best ways to get started is to get help from an experienced Financial Consultant . I've been investing since *2015* and I'm extremely happy with the returns I get working with my investment advisor; * Hamilton Phoebe Zoe*
@@johnpoter9007 I am very interested in this information and I've some money sitting idly in the bank with that I can start investing without further delaying, If you don't mind How can I get in touch with your professional?
@@rudriguezbauer7520 As to get more details about my Investment Professional; *Hamilton Phoebe Zoe* easily do quick internet research where you can easily write her from, do your research with her full names mentioned.
@@johnpoter9007 I'm delighted to engage in this opportunity, I just found the professional's web page and have already written to her 👍
I'm glad I stumbled upon this. My wife and I works with Phoebe. Before now, we spent more and saved less. Phoebe changed that mindset and gave us a way to generate money investing in the financial market. Working with Phoebe, opened our eyes to a lot of investment opportunities, which in turn, helped us become less dependent of our earned income.
00:43 oh, this starts well. FFS, Warren Buffet's father was a Congressman with a thriving business. Through investments that his dad allowed him to do in the family business since he was young, Buffet finished university with no debt and a sizeable amount of money, which allowed him to immediately start business partnerships. And while it's true he worked for it, his father's name opened tons of doors for him (not to mention the good money he had to back him up). He was never ever in his life in danger of "failing" like normal people are. For him, "failure" would just have meant going home and taking over his dad's business or enter politics - a FAR cry of what can happen to the average person if they don't succeed.
Uhuh
@K RC "jealous of the rich" is the best you can come up with? Is his comment factually incorrect? Can you find logical flaws? Nope, just a lame insult.
Warren Buffet's father was in the stock brokerage business.
Bottom line is that Warren learned from observing what his father's clients did with their money. Warren could have sat at home and watched TV, but instead, he made a point of going to work and learning from those who utilized good financial principles. He became substantially richer than his father ever was.
@K RC Dude, there is something wrong with you... I totally agree with the idea of hanging out with brilliant, successful, determined,etc... people. I am also in a favor of not trading your valuable time with people who are just throwing their's from a window but fking jesus, you targeted the dude who just said that, one of the reasons for Buffet successful enrichment was having a wealthy father as a backup in case of failure. That's not an any kind of jealousy, just simply putting the facts on the table. How dare you accusing people based on this statement ? P.S I'm not an english native speaker, so please consider it while shaping some opinions.
Then there's Fred who gets wealthy by working his way up in a drug cartel.
John Johnson lol
HAHAHHA
Lei P hmmm anywhere from 1-30 years, it depends how skilled he is. XD
This is good but a little too exerated. John has all the good luck.
But ends up of dead or incarcerated because someone had it in for him.
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
I made $13,800 within 6days of trading
@@abonyievelin8739 You're lucky
I Lost $1500 trading with an unprofessional trader
Investing in crypto currency is so lucrative
@Simon Andersen You are absolutely right but we also have lots of expert, real ones with certificate and firm IDS out there waiting for investors
This video should be re titled: the superficial differences between middle class people
Yep. I kept wondering when they were actually going to talk about the habits of rich people. Like the business owner, not the employees. This video is great as an examination into leading a better quality of life, but it's by no means a way to divide rich from poor.
@@gabrielapenne4702 The point was to put both people on an even playing ground to showcase habits. It's not about their job 🤦🏽♀️🤦🏽♀️🤦🏽♀️ smfh
@@ErikaBardere you've missed the point entirely.
@ju ju cant tell if your being sarcastic?!?!?
When one is wealthy enough, they often buy the $1000 sunglasses as opposed to the $25 or $250 models because the price makes zero difference and they prefer the exclusive option with the superior design and workmanship. Exceptions exist, but this is the norm in the people I know with $100+ million in assets, especially when born into it. However, some men who earned it tend to still buy frugally. (I’ve never seen this with self-made woman though).
It's a good video except, i have never seen a boss who would reward someone for extra efforts, 100% of them are happy to exploit all of their emploeyees with words "Well done boy, you are the best"
😆 you are right
How true. Then when the time is right for management to do so, you get tossed out like an old shoe. Never forget, we are all expendable.
Heck I have had bosses that don't even bother with the attaboy but boy do they remember if you ever make a mistake. Had a job where I landed a $2.2 Million dollar contract and another where I missed some windows, guess which I heard about?
@@jasonasdeckernfortunately not only bosses are like this, simple people too, you do to them good, they will forget it like it never happen, but once you've done bad to them, people will remember it forever. I guess human psychology....
"It's not my place to run the train
The whistle I can't blow.
It's not my place to say how far
The train's allowed to go.
It's not my place to shoot off steam
Nor even clang the bell.
But let the damn thing jump the track
And see who catches hell!"
~ The Engineer's Dilemma
When you hear that his idol is Dan Lok and suddenly you're not so convinced...
Yeah, I laughed a little at that
hahaha. i almost want to stop watching and unsubscribe. hahaha.
Yep. I don't understand why people trust that guy. He sounds like a crook when he talks.
Love it when poor people try to explain to me how to be rich...
Nobody will actually tell you how they got rich. It will always be the PG rated version.
😁
Lots of people sell their souls to Satan. They have an appointment with Hell.
FIXED: Love it when poor people imaging how the rich are made...
@Lol What are you doing here if you got those piles of cash as you are alleging?
Continuous learning won't help you climb the corporate ladder, politics will. But climbing the corporate ladder isn't how you get rich except for a very few.
Rich in money is one thing, rich in money and time is completely different. As a corporate person, I don't believe you can be truly rich while working for a big corporation.
"Rich sell value while the poor sell time."
Very, very wise.
Yep, they sell their lives to the highest bidder. Every dollar in their pocket represents an amount of life sold.
@@jackhollands6581 Dumb statement
@Josh Boyce I didn't see any truth to your statement
@Josh Boyce Actually...it does!
What's your point, you troll?
I didn't get the point. Could you please explain it.? Thanks in advance
One day John comes home after staying late at work again to find a note from his wife: "I'm leaving you. I can't live like this anymore. In 20 years of our marriage you never have time for me."
🤣
Hahahaha
Who cares about 54 years old wife when he has money to buy 3 18-year-olds now!? I'm kidding, but a wife should be supportive of her successful husband.
Also, there's a difference between spending time with someone and spending quality time with someone. If you are really focused and positive you can do much more in one hour with your SO than someone average in 10 days. ;)
The note actually says I've been cheating on you for the past 20 years of our marriage while u were busy being married to your job
@@slavcogamer3148 cheating with Tim :D
Whenever my friends tell me to spend money I always tell them the goal is to be rich not to look rich.
Good point Stop Acting Rich! its actually a book check it out.
And when I go out all my co-workers would tell me why I look so poor. For God sake I am middle management.
@@wumao6797 having an extra $5K in my bank account looks much better than a $5k watch on my wrist bleeding value.
I work in IT, I am not particularly well paid and my co-workers mock me for the car I drive. One of the doors is broken and won’t open it has no air con or internal fans. I chose not to have children and my only pleasure outgoing is some beer each weekend. I have a count down date 2 years 1 week etc. I change it once a week. Nobody noticed until a new employee asked what it was for. I explained that when that number reaches 0 I will be mortgage free . Others over hear me talking about it and asked how I can be mortgage free before I am 40 . I asked them how much their car cost…. $30k , $40k even up to $70k they asked me why I asked and what I drove. I told them my car costs $1k the money they put in their car I put into my mortgage. The penny dropped
@@tankthepitbull520 facts
Having lots of money doesn't make you rich. having time to spend on what make you happy makes you reach.
Sour grape mentality
@@melissaf00 not at all trust me
I am happy making more money.
Having lots of money does make you rich. But I see what you are trying to say.
I need help I am not a beggar I'm worried about my situation I am poor Please help me $50 food I don't want much God bless you
How do you "surround yourself with" desired people?
"Hi, you're rich. I want to surround myself with you."
Easy. Just be rich yourself...
Rod Schmidt see yourself as 1 of them.
No I'm not Rich, I'm Dave.
So funny , lol
Rod Schmidt it should be worded as “surround yourself with goals driven people”. If you keep surrounding yourself with losers that blame everyone but themselves for their state of living then you will become one yourself. I had to drop out of college because my dad’s company l in Venezuela become nonexistent. I was supposed to inherit it and studied business since literally freshman year of high school to do so. He also decided to have his second child with my stepmom at that time. I could have blamed everything and everyone for never moving up, but I decided to help him for 4 years to build a small company from scratch so he could support my brothers, while also having a part time job to save some money to move across country. When I finally moved, I worked 3 jobs to make ends meet literally working every day until I finally got a full time job I was comfortable with. I was in a very low moment all those years but thanks to always surrounding myself with goal driven people, they helped push me to the reality I wanted.
Sometimes I really wondered how people make this huge profit investing on stocks market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
The best way to understand how trading works is to invest with Kristalina Georgieva
@Austin Alice you don't need to be shocked, because Kristalina has helped me recover what I lost trading for myself
wow I just made my first withdrawal today, tradlng with Kristalina is really good
Indeed she's an expert
All thanks to my aunty who introduced me to her
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they m o n e y to
s c a m m e r s.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
There are many poor people that don't even have a vehicle or smart phone or a computer. They wear used clothes and walk everywhere they go. They can go for weeks without spending a dollar.
Question: Why aren't they rich?
Answer: Low paying job.
@EuropeforEuropeans WEWONTSURRENDER Nope
@EuropeforEuropeans WEWONTSURRENDER exactly
Here is a curse; keeping up with the Jones's. Does nothing but keep people in debt. Interest rates bury many families, behind their closed doors.
You can't blame "low paying jobs" your paid a income. What you do with that money is on you.
@@brianrote9146 Try buying yourself a house with a minimum wage job.
The market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 55k today. 2021 is gonna be a great year for investors. I will stay rich and woke there💵✌️
I love to invest in bitcoin and other crypto currencies but it's difficult to understand the market.
@Wahad Omar Which of the cynthia? Is she the one from the financial channel!??
I have seen numerous positive remarks about this broker in the past, a video I watched 3years ago, I ignored it now I think am regretting it. I am not going to ignore her recommendations again!!. There must be a reason why she is so admired by her clients. How do I enroll with her!!!?
Heard stories this CEM trader | believe that stands for cynthia Edna mchenry, it gives me great joy to know there are women out here making tremendous impact in the trading world. I for one would like to have her manage my account.
@@lucasparker6250 Using Mrs Cynthia strategy, profit is guaranteed just search her name online
The rich stays rich by spending like the poor yet investing while the poor stays poor by spending like the rich yet not investing
you're right Sir
when you invest you're buying a day you don't have to work.
@Mr Beast You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
@@kelvinpeter8640 It's not ignorance but due to some unprofessional broker in the market
I'm from Spain i have been an investor in the crypto market for over 2 years now
This vid has some good points, but its way too much "ivory tower" with meritocracy and believing that hard work in and of itself will automatically equate to earning more and getting promoted.
In reality, the ability to master the art of "office politics" and social engineering is just as critical if not more than work effort put in. There are people that work very hard, but get passed over because they don't stand out, and there are people that work far less but get promoted with raises because they figured out with areas have the most prominence and ensure their efforts are noticed by the right people.
Next, it's been proven that having people save $5 a day not ordering coffee is not going to change their earnings trajectory. You'll have to make bigger sacrifices- like cutting cable, and finding ways to reduce rent/mortgage costs.
Finally the old saying rings true- you're likely not going to become wealthy working for someone else- you have to think about being an entrepreneur.
People at work always made comments because I ate out for lunch. 20 days a month at $8 per lunch comes out to $160 a month. I drove a 14 year old hybrid that was paid off and had 3 roommates while they had car leases and $1700 a month rentals
You are spot on
Office politics are just shallow things that can work temporarily, but don't make you trustworthy. The tips in these videos are as simple as diet and exercise is for losing weight. They work and should be common sense. Nothing he said in this video was wrong, they're just the foundation that you build on. You can add networking and good social skills in there sure, but it's better to work on the foundation.
Sure hardworkers get passed over, but if they're constantly learning, improving themselves, and investing, it doesn't even matter. If the current workplace doesn't acknowledge all their accreditation, knowledge, experience, and skills, they can just move on to a better paying and appreciative company.
Man that's a great point. I've seen people master this, do nothing, and get paid more
This is why Communism is a must. Worker coops means that the workers are the bosses. yes
There’s lots of poor ppl who work hard and have determination too. Connections, the society and the place you were brought up in is huge too
The difference is mindset!A poor start can destroy one person,and his less fortunate neighbor could excel.Look at the circumstances of Professor Stephen Hawkins!He was a renowned astrophysicist,nobel prize winner...and quadriplegic!
Raymond Serpa you exactly just made my point👍. But there’s two sides. Sometimes those things I mentioned CAN be a huge favor and sometimes it isn’t. It’s just reality. I’m not mentioning anything new
@@tompain2751 so where's your Nobel prize? By your reasoning you should have the same and more. Also, you need to understand that in the UK a lot of business and allocation of top jobs is based on which school you attended.
@@jwsuicides8095 No.I'm saying that Stephen Hawkins overcame a seemingly impossible obstacle!What excuse could a healthy person have,for not chasing their dreams?
@@tompain2751 He came from within a privileged class stratum. His circumstances were appalling but were he living in a lower class family at that time it would be very rare for him to have gone to university.
who invented this fabricated fairy tale for you ?
@ fred -- bother not so much as - omiting facts, such as all the market- and financial- crime and -robbery, concealed as "business".
@@danioldan4189 yes, thats what I thought, fairytale. Since when have middle class been considered poor?
Its the truth. I am rich and my brother is still poor. We got the same job with same salary at the same time.
He had a credit card. He used iphone when I was using a cheap Sony xperia. He bought a 55 inch Sony OLED TV when I was using a cheap 32 inch LG LED TV. Now he is completely broke. He even doesn't have money for the maintenance of his house. During this video I was thinking about my brother.
Ellen Hazelton since when has there been a middle class? Not since before the turn of the century
@@mr.baldwin5388 I know, right?
A poor dude making a video of fictional scenarios on how to get rich. RUclips makes anyone feel like they got something to say.
Dude, that's exactly how you get rich - by making videos how to get rich.
@@beautifulplaces2703 So says the guy with 1 subscriber.
And yes sucka I know I don't have that many either. But what I do have is a grip on reality unlike you.
@@4virtues4truths27 🤣🤣🤣
Yep that's so true
*My landlord* knocks on the door
*Me* Go away, I'm paying myself first!
*City marshals enters the chat*
Took my until my mid 30's to fully understand the concept but it's right. If you can't pay yourself first than you're living beyond your means somehow or you're not spending your $ wisely.
@@animestarlord9021 this absolutely right. Something I’m struggling right now with but don’t know what else to do to get out of this hole.
It actually works. You treat your savings like you never had them. Then you are forced to sit down and figure out what you can cut down on to make up the money. I guarantee you there is an area where you are bleeding money unnecessarily. Like that morning Starbucks the guy was buying, or fast food, or the temperature you keep your air conditioner set at. There's always something. Just last payday I paid off a credit card that was holding be back in one chunk. My son asked how we were going to make it for the next two weeks. But you know what, today is a new payday and we made it and I don't have that money going out anymore.
HAHAHA
1. Rich and poor dont do the same job.
2. For a rich person, a job is optional.
No, what this video is describing is spender vs saver. And then sprinkled with some
generalizing bs.
You're not "rich", are you? A person's mindset guides their life, one's life is an expression of their mindset. People don't have money because they are poor, not the other way around.
@@sizzlenotsteak Mindset this and mindset that. Thats just hipster hyperbole. Some people are both clever and driven, yet get nowhere. Some other people are idiots that get rich by luck or inheritance. Saying a mindset is everything is just a simplified lie.
Also, dont poke your nose were it doesnt belong.
@@Bajso84 Aloha brah. We've a difference of opinion. Ain't no thang. Peace.
Linus, a midlevel job is enough to become secure over time if you do the right things. Honor God, give to your church, help the poor, avoid debt, live simply, and save all you can. After a few years you can afford to max out your 401K, buy rental property, and pay off your mortgage. Always live below your means. But if you love money and love spending it, you will never have much.
@@andrewheffel928 While I dont disagree with that lifestyle, its in no way a sure ticket to becoming rich.
What if you get cancer or become burned out?
A safer bet would be to buy stocks in weapon manufacturing companies, for instance.
And there is my point again; being good and being rich is not necessarily mutually inclusive, and vice versa (poor and 'bad').
Claiming its all about mindset is simply a convenient lie.
I've been doing this in real life for years now. I'm making good income selling about 40-60 products per day on Amazon pretty passively... I must say I didn't see that coming, all thanks thinking of all kinds of ways to make money on the side, educating myself and betting on myself when friends and family did not believe in what was possible. No one supported me... My advice to anyone is to keep your dreams and goals to yourself, then succeed and let your success speak for you.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Invest in Bitcoin and sleep!
@@ferdinandw.8038 I agree with you, Bitcoin is the Future
Seems forex and crypto are overtaking the stock market in the recent bull run haha
@@noellerylie513 stocks are good but I swapped and invested in forex, Bitcoin and other crypto currency, I have been making good profits
I have been holding most stocks like TELSA AAL but the crashes are inevitable 🙁
Anyone ever consider that most people don't want to be million/billionaires? I know I don't. I just want a simple, quiet life with my basic needs met with a little left over for wants.
@@obiwanjebroni505 Nope. Small 1-2 bedroom home, small yard, maybe a shed to keep my lawnmower, a carport for my car. Money left over to buy a small fishing boat or fourwheeler. I don't need a huge mansion or multiple homes.
Absolutely! There are litterally 10000+ ways to generate income from work. Only a very few are connected with massive income. Like manager, investment, banker, top attorney, top entertainer, top athlete,... than there are the other jobs that may not paying you zillions, but people are happy because they live a more simpler life, follow dreams that don‘t cost a fortune or generally don‘t like the concept of working all your life for materialistic things/investment success/presige/awards. Sure, for some it‘s important to own that 250k $ car to show off, or sit in the VIP box to see a game, but not everyone wants or needs that.
I don't have a $2,000+ wardrobe, nor the latest iphone. I still have my 'old' galaxy s7 edge, and I shop at thrift stores for most of my clothes. I also never buy the latest model of a smartphone right away. Am I rich yet?
Hahaha it’s like you read my mind.
Did you network at your job, stay overtime for a promotion, become an entrepreneur, invest in assets?
Having assets imply means you have tools to transfer money from the poor. Not everyone can have assets at the same time. One is on the receiving end (the rich) and the other one is on the other end (the poor).
Are you my brother or clone?😂😂 still we manage to save money.
Yea you live frugally but what are you doing with ur time? If its just same ol routine then keep living frugally
I had a manager that loved hockey. The only people that got noticed and promoted were those that could yabber on about hockey. People that were actually productive were not only ignored but seen as a threat. But he was secure blaming everyone down the line for low numbers because his boss in head office loved hockey too.
😅great.good lawyer knows the law.a great lawyer knows the judge.🥰❤💯
So the difference between me and a multi-billionaire who keeps his money in a tax haven oversees is basically that I spend too much on clothes?
Ah, now it all makes sense.
@Roscoe Joseph This video is a best example of capitalist propaganda.
@@Anskurshaikh I lived in a country that tried socialism. You can have it.
@@buffteethr What kind of socialism though?
This video and channel is propaganda, we are fucked, propaganda like this is everywhere.
This video is making the person who created it rich. We all keep commenting on his post.
"What Truly Separates the Rich From the Middle Class Who Think They're Poor" would be a better title for this video. It's informative, but sadly, irrelevant to most actual poor people.
@sorry mrgoogle Yep. Very true! Even our homeless are more wealthy than most people in the world. It's all relative.
@@abbiecovington6865 Yea I have seen these homeless people you guys have in LA and other cities in the U.S. They are definitely in the world's most poor category sorry to break your propaganda glasses.
I have several degrees and continuously learn, yet, still have not become rich. Luck is what matters a great deal, too...
Go back and listen. You got the learning down pack but apply these steps and by the end of this year you will see some results. I speak for myself as well. I got all this learning and nothing change except the way I think and apply what I’ve learn will.
@@jordanruth0809 Thank your for your thoughts. I have listened carefully and applied accordingly.
@@bristolmollard2775 well let those results come forth!!!!!
@@jordanruth0809 is abput luck too, not everybody want to help you to learn how to invest money, if you dont know how to invest money you just save and then you spend the money because you dont know how to invest money
@@mejhon6592 true but it’s not luck but patience, wisdom and stewardship once you get the knowledge.
The rich guy wouldn't have blown the coffee money on a vacation, he would have invested it!
unless the vacation is also a business trip
Lol
Experiences are a form of investment when measured as pleasures
Investment is siphoning money from the poor to the rich. Nothing legitimate in that.
maybe he went to one of those wild parties, they never talk about those....but they spend without care..
I have 10$ pants, 3$ shirt and 10$ shoes , what am I?
Poor living on the minimum wage and unwilling to spend too much money on clothes
You're smart and disciplined.
WalmartMan
You are working on being rich.
I earn 5x minimum wage, but I still buy used clothes, for example, a pair of trousers for 5 bucks. It is not about how much you earn. It is about how much money you need to be happy.
I used to buy cheap shoes. I've found i can pay 150 bucks on a pair and be set with a comfortable pair for years. Just saying
This is about 75% true. I was born to a broke single mother I'm worth about four million now, I'm 52. I saw a big mansion and a couple that owned it. A young man laughed because their vehicles were a six-year-old Minivan and a 3-year old Toyota Corolla. I knew that young man would never be rich. The vacation, sharing a condo across the street from the beach versus a five-star hotel on the beach would make that part more sensible.
I have always thought that Rich does not mean luxury. The richer you are, the less the importance of the concept of money. The real cool thing about being rich is the freedom of doing whatever you want, without caring about the price. To me, sitting at an average restaurant and don't need to bother with the price tag is the coolest thing ever
don't ever sell your labor. Make something only once- write a book, an album, a video, a movie, a line of code-and sell it to a billion people. And by all means, buy real estate.
david smith - are u rich?
I didn't know it was so easy. If only I had made Star Wars earlier I'd be a billionaire by now.
@@rainbowknight3923 haha
You can't buy real estate if you're poor. And when you do, you become a parasite. You make money by doing nothing while some other poor person has to pay you.
Simboiss uh no. A parasite takes things and give nothing in return. As a landlord, you take their rent money, and provide them with shelter.
That’s a poor mindset to have.
Social connections play a huge role..
This is complete bs. Don’t even know where to begin. It’s as far from reality as possible. An annoying peace from one of those fake motivational trainers.
Indeed this is bulls*it
piece vs peace
It's misleading just from looking at the first pic. Rich people may buy those stuff cheap but they spend much more on houses, yatches, luxury travels... It's not that they don't spend the money, they just spend the money differently.
Totally BS to me too. Employees are replaceable to the employer. I decided to get a higher education and left my unappreciative old boss.
The ability of the Rich to Delay Instant Gratification is definitely true.
Clothing? Try Goodwill. I buy high quality name brands for $3 instead of $75.
Stephen Velez also apps like let go
Ross and TJ Maxx too!
walmart has like $4 shirts and like $10 shoes
the rich invest in profitable assets while the poor buy liabilities
yes i believe wealth is created by making profitable investments
there's a massive leap in my finances ever since is started overlooking certain wants and investing more. i've been able to safe $67000 from investments this year and i hope for more to come
amazing... keep going the sky will be your starting point
running out of options , would like to know the kind of things you invest in
forex market is a very profitability investment though a lot of people are ignorant to know
Probably insulting to suggest that rich people never stop learning whilst poor people are lazy and do nothing productive. Poorer people have to work much harder than well off people to reach the same place.
Agree. Just because a person is poor does not necessarily mean that person is lazy. There are other factors that need to be considered, such as ability to learn new skills for one. If a person has only the skill to clean, and cannot learn anything new, the only way they can increase their income is to get a higher paying cleaning job (as far as I know anyway).
@@cyphrinfinity9992 This just is unfortunately is true though, Poor people statistically own more TVs and spend more time infront of them than higher educated wealthier people. They also spend more on ciggarettes and alcohol as well as drugs. None of which contribute to their wealth.
Rich people don't necessarily work harder than poor people, but some time in their life, they definitely did work their asses off, and you only now see them chilling out with their money AFTER they've gotten to the point of not needing to work anymore.
no they do not...ever hear of work smarter not harder....
@@username-pm4rh reason why its easier to buy lottery tickets ciggarettes and booze in certain places.....gotta break the cycle to become wealthy....lottery tickets is just handing more money back to the state ...its a voluntary tax...dont we pay enough taxes???
There are many dynamics separating rich from the poor.
At work I worked late every day and got my work done ahead of schedule under budget.
Meanwhile other employees worked weekends just to keep up.
Management praised the other employees for working weekends.
My manager took on a project nobody would take. Mistakes were made by other people on the project,
My manager was demoted because of it, even though we performed well.
I know a person with a high school education that died with a million in the bank.
How you work shouldn't be determined by if people see your work or not; excellent performance is an inner guide.
1 million is a modest home in my city. Perspective is key. U got to get in the mind of the person passing the judgement. And U got to work out if their opinion of U counts. Working week ends are impressive, then do something about that.
And then John got heart attack from all stress while Tim keep watching flix
👌
Sometimes you just gotta chill in life than worrying about climbing the corporate ladder.
Hell yes. Always ask yourself is the extra work worth your time. Are you sacrificing your life right now for some end goal that you may not even reach?
This actually happened in real life, I think in Japan. A guy kept always staying late at work and got praised by boss, and then one day had heart attack and died, he was only in his 20s...
@@beautifulplaces2703 rip
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
Ehsan Amini mindset is everything! if you think your poor, your subconscious will never give you the ideas to become wealthy, since you’ve already given up
yup because rich have opportunity to buy large amount of assets like real estate and stocks which over time keep going up and making the rich richer. on the other hand economic crashes hurt rich people way more than poor people
It's funny you say that. Have you done something yourself to become rich?
Fearless Dreams wealth is not something that comes over night, wealth is accumulated over time.
@@t.555 Wealth is accumulated over time is exactly what Fearless Dreams might be intended to say! If you wake up rich, where are the experiences? where are the struggles? How would your mindset change? You'll probably wouldn't know how to keep it or invest it in the next day. The thing is if you keep circling in the poor mindset, you'll never try to be rich; hence, you'll probably think wrong about people being rich.
One thing that people always leave out is that yes, it is the mindset that separates the broke from the poor, but it's the MAJOR ACTION that is needed in order to go from one class to another...you dont get rich from working hard, or delaying gratification today ( although you earned every right to it by hard work) denying yourself a Starbuck drink each day until retirement ( which you may never see)...Moving up means taking drastic actions to get there, such as moving away from family and friends to go where the opportunities are, buying Goodwill clothes for the next 10 years just to save enough money to get that house or that business started or invest in the market. I had to give up wearing Nikes for 20 yrs just so I could buy a whole lot of NKE shares. Also had to deny myself lots of things for years just to earn my MBA and still struggling to move up a class. It's tough to deny yourself things that you work so hard for to go to a level that you may never get to. It's a tough set of decisions but are neccessary but how many of us are willing to do it...not many, which is the reason many of us are on the bottom of the pyramid holding up the rich.
Good points to think about!
It is possible to slowly amass wealth, the starbucks was just an example of people paying through the nose for convenience. Being frugal and being able to invest more helps those major actions become more major as well.
“ Tim goes home to mope with his other loser friends” 😂😂😂
hahaha literallllllyyyyyyyy
They'll be out -poortesting- protesting in the streets together after morning into mom's basement.
I'm Tim, so I can verify.
Thing is, nobody teaches "how" to gain wealth! That's specialized knowledge! Nobody even teaches how to keep your wealth. We're taught to get a job, be a good worker, and watch your pennies. It's like teaching a fish how to play tennis: there's no conceptual framework available.
Loseeeeeerrra
how many people do you know like this, I've seen so many, just pretend you care what they are saying and keep your distance.
Thank you!💛 This is all great advice. I notced that most rich people are married. Has anyone noticed this too?
Yeah, when I was single I don't cook, and I hung out with friends at fancy restaurants, ordered wine, shopped at the boutiques wearing glamorous outfits. But then I married, I learnt how to cook, wearing my old clothes, have a picnics instead of restaurants.....my husband and I both are healthier and saving more money.
As you can see at 2:30, John actually got rich because he learned early that topping your plants increases yields which leads to smiley faces.
I do not agree with a lot with the examples, although the I ideas are correct, the examples are little bit confusing, guy, remember (rich buy assets, poor buy liabilities).
And again, I agree with the ideas, but you need a better example
Fred Baldwin it’s no one not noone
The rich's assets make the poor even poorer.
"Tim never stay late to help the team"..... so, you are telling me that the reason I'm not rich is b/c I'm not working free overhead hours and prefer go out the office and live my life? ..... thank you but no thank you.....
I know right! This video is a pure load of bs
He didn't say that, he meant the other guy helped his team, he's more efficient, thats why he got more money
r/murderedbywords
"Hard Work Wins"
You can't control the outcome, but you are 100% control of the effort.
Work without play makes Jack a full boy
But if John works that much, how does he have all these "friends" to go on a trip with?
What's the difference between spending money on the latte or the vacation? Neither situation made you richer. It's more about making more before spending
Bin Chen thank you. My thoughts exactly. It’s not so much about what you spend on or how much is how you manage your income and how you get it to make more.
You don't get the point neh!
@@londiwembambo3456 I don't that's why I asked. Doesn't make sense to me
Okay, it is always recommended to spend money on vacation ,to travel around the world as it fundamental for one's growth. So it like you investing on life experience.
I think it was a bad example. Going on vacations has nothing to do with being wealthy. The better example would have been one guy going into debt to buy his stuff NOW, while the other guy takes on odd jobs to afford it later. Debt is a huge tax on your finances. Never go into debt unless you're buying an asset that will generate more value than what you lose from the interest payments.
I'm seeing a lot of themes in this video from great books such as:
Rich Dad Poor Dad (Invest In Yourself first)
Mindset (Poor Mindset / Growth Mindset)
It's not about winners and losers. It's a decision you can make. Do you want to be happy right now or do you want to sacrifice now to be successful later.?
So you're trying to perpetuate the idea that people are poor because they're lazy?! The level of generalization here is sickening. There are no statistics, no sources, it's all hypothetical examples set up like an advertisement.
There were far more. Ill give you some.
1. They pay themselves first. Saving
2. Surround yourself with success. You tell me who your friends are and Ill tell you who you are
3. Delayed Gratification. Long term pleasures vs Short term.
4. Positive mindset about negative outcomes
5. Selling Value, NOT Time.
Check your mindset :)
1. You're not taking into account the factory worker that spent 20+ years climbing the ladder only for the plant to close leaving him under trained for much else.
2. Or the single mother who works 2 jobs and can barely keep food on the table bc her wages don't keep up with inflation.
3. The single mother's child who can't go to uni bc they have to work to help their mother make ends meet.
4. The person who did everything right; spent years getting a master's degree, makes 6 figures, but is still in debt at 40 bc he paid 3x what that degree would've cost 20 years ago even though it's worth is the same.
Check your knowledge.
@@julsie3195 Jules I agree.
1. If you're a factory worker but did not plan on the plant closing. Businesses are not 100% going to survive forever. No backup like the video suggests. Thats on you. You had 20+ years to do something about it.
2. To answer all the other the other situations. Circumstances happen. But don't use them as an excuse. My Parents lived by with 4 children on almost $800 to $1000 per month when i was in highschool, my 2 brothers still in elementary after my father's business failed. My Mom worked 2-3 jobs 7 days/week. We are all graduates in 4 years of BSN, now im learning business. Im debt free. Paid a 40k car in 2 years on top of all other bills. I understand where you're coming from.
My martial arts master had nothing in his pocket after graduating college. He decided to take a loan and build a martial arts gym. got in debt. He barely ate the first 2 years. Worked when sick. Now has two schools, with 8-10 employees. Vacationing like a madman. That's sacrifice. Thats discipline. Thats finding a way not to be poor again. I don't know where you are in your life right now but that kind of mindset, looking for faults and excuses will not help. Like the video suggests, and all the other people who have made it from rags to riches is this, instead of complaining about what you have, find a way to get out of it.
@kih The guy who works 20+ years in the plant is making another guy rich all this time.
After watching this now it makes sense... I am definitely john because I put in the work , always researching , increased my productivity and always helping others at work that why I got a raise this month and I treated my self to something nice. Did I also mentioned I went back to school n every year I get at least one to two certifications to improve my skills. I used to be a Tim but after hanging out with my friends who where a john I had to step up
The actual difference between wealthy and poor is that you don't become a billionaire by being kind, generous, or empathetic. Poor people "pay themselves last" because they live paycheck to paycheck, meaning their rich bosses don't pay them enough money to cover their basic living expenses AND put a decent amount toward savings. I'm sure so many, myself included, would LOVE to put $500 away each month in savings and investments. But when your monthly income is $3,000/month or lower, that gets a little tricky, especially if you provide for a family. After you take out rent/mortgage, food, utilities, and all of the things you can't not pay every month, you're left with crumbs, crumbs that you still put away for a rainy day, sometimes over years, but then it gets wiped out with one car repair, one trip to the hospital, one or two months after being laid off. Sure, you can just work hard and your boss MIGHT reward you, but the reward is always more like "well thanks, better than nothing I guess". I've gotten 5 raises over 2.5 years of work at my current job, through a hellish pandemic, and I still make well under the minimum livable wage. Also, take note of the ages of those 69 (nice) self-made billionaires. Christ it's like a damn retirement community made entirely out of gold, interns' tears, and extinct/endangered animal skins. It was way easier to make a fortune before we reached this stage of hyper-capitalism. When those fuckers were the low rung of the corporate totem pole, ass kissing and working hard and playing in the stock market actually yielded results (obviously), not to mention a college education was way cheaper and wages were way fairer. But now those very people control the markets and do everything they can to prevent any assistance to their workers so they continue to be exploited, avoid any accountability by throwing their money at problems, and through legal bribery slowly work toward ensuring Mother Earth dies while they go play spaceman on Mars cuz theyre running out of ideas on how to spend their money. You made an entire video essay admiring a technique of wealth building that doesn't work or even really exist anymore. You are Fry from Futurama booing fellow poor people because you someday MIGHT be that rich. And I mean sure, there are exceptions to every rule, but while only 11 of the top 80 inherited their wealth at the time this was made, when those other 69 rich fossils finally get buried, where do you think all that wealth is gonna go? Certainly not to those who "worked hard" for it...
BS! No boss would be generous and kind enough to voluntarily offer you a big bonus unless you fight telling him that you are worth it. They are stingy .
Not entirely true. If you can show that you brought in a lot of cash once, and if you want that to happen again, you'll want a % of it, then you can get those bonuses.
Course, the flip side of that is that you can use an new in innovations for yourself instead of the company too. The company can make more money than you can implementing it by yourself, but by yourself you keep 100% of the smaller profit.
This "bonus" is actually a backpay for all the hours John stayed late at work. So technically only Tim got bonus even though a small one.
Mostly bonuses are based around how much money your contributions make for the company. The closer you are to actually affecting the company revenue the bigger bonus you get. In my field (Programmer) I normally get a raise and bonus at least once a year.
When my ex-boss retired and sold his company, he gave me a bonus. I did not ask for it, and I appreciated it.
@@genewirchenko347Most guys are not so lucky as you were.
I'm gonna have to be honest with you, Bob, You see, Bob, while your video does make some excellent points between John and Tom who had similar backgrounds and similar opportunities, with John having a good attitude to work and money, while Tom had a poor one, which highlights how one managed to get rich, while the other remained 'poor'. Thing is Bob, you forgot poor Bert. Bert grew up in a working class family and lived in a working class neighbourhood and went to school that didn't have the facilities to accommodate Bert's ambitions. Bert's family couldn't afford to send Bert to a different school. Therefore Bert didn't have the same opportunities that both John and Tom had. Regardless, Bert worked hard at school and did well and went on to college, but he worked through college to help his family. Bert left school with reasonable grades, but was unable to get the kind of jobs he would have preferred. Instead he took a low paid job and hoped to gain experience that would eventually lead him to promotion and a better pay. The minimum wages he earned were barely enough to pay the bills in his studio flat, but Bert, unable to afford a latte on his way to work, put some money by each week for night classes. Unfortunately, Tom's company closed down , which meant the smaller retail outlets it owned also closed and Bert found himself out of a job. He could no longer afford night classes and despite all his best efforts, could not find a new job. Bert's future is bleak, Bob. He might, if he's lucky, get another low wage job and after several years hard labour, may one day pay off his credit card debt he's accumulated paying for dance classes for his daughter and to keep his battered car on the road. Got the picture yet, Bob? It's been a year since you posted the video Bob, but maybe Bert will see it and think his whole life has been worthless as you didn't include him in your examples.
You mean Tim
“You will never become rich having a boss”
True ,, well done,, my greetings for you
Maria Yeo That’s not true. Save and invest wisely and you can become extremely wealthy. Saying “never” is just not true.
My comment was meant for Tamara. Sorry!
You need a good boss to learn, you can start your own after you had enough knowledge
The PITA of being a boss isn't worth being rich and I have zero interest in climbing the corporate ladder. I've seen how many hours corporate puts in and they are never home. They even work weekends. I'm not interested in being rich; I want to become financially stable enough to enjoy life and not worry about debt or survival.
*POOR* focuses on external
*RICH* focuses on internal
O'SSÉIN - Master Your Mind With Me I don’t think so
BS.
Rich people have expensive cars, vacations homes, millions dollars homes.
@@hryank33
Indeed 😑
@@hryank33 The rich own the corporations, Which own those houses and cars. Many of the rich die broke... On paper.
Absolutely..
I have a feeling John in this video has way more energy than he should.
Like... how can the dude maintain being highly productive at work for the boss to notice him, stay overtime while also studying late into the night?
I asume he would also have to live close to his work place, because otherwise he could spend up to two hours in trafic every day.
It seems like he wouldn't even have time to have friends.
It is possible.
Enough sleep+healthy food+no stupid shows+optimism. Junk food, shows, constant whining bring your energy down.
How can he do it all? Keys and keys of finest Colombian.
He is on Adderall
I m sorry to informe you that Tim died of stress
The rich usually have a good and healthy starting position whereas if you’re born into a poor family, you are more likely to have limited world experience, mental health issues, and stuck in the mindset of always being poor. Yeah there are some cases where a really poor person became rich. But they always had help in some way, wether someone noticed them after years or they got out a risky loan to start a business etc.
If you come from a very rich family, you already have one foot in the door to being wealthy. If you come from a very poor family, it's all uphill climbing. Statistics have shown that a son of a factory worker does not have the same chances of making it to university as a son of a lawyer does.
Basically... it's all your fault that you're poor?
Circe yup pretty much!! Bill gates as once said if you’re born poor it’s not your fault but if you die poor it’s your fault.
@@rykielbeya8699 So... what if you're born rich, and died rich? Does that mean you get all the credit?
Sorry but I'm more happy to be poor to spend time with my family. If one of my family members or my siblings die just because I'm rich and I don't care About them. The only thing I will sacrifice is my own life this is not funny. I'm poor and even my sisters are to we got a house but we don't have as much money as you guys do. Not only that I spend more time with my friends as well instead of Just being selfish and not caring about people who are poor. When I got money I hope the poor to eat even their dogs. The dogs were nothing but skin and bones when I 1st saw that people and I fed him water and dog food from what dollar store. Maybe next time if you open yourself ish mouth your realized this whole tired they might come back to you you will realize some day that you are a horrible rich person!
Besides who would like rich people who like to brag about how cool they are and how much money they got. O have any money to feed the cats I'll have any money to feed my family at this point. So it's best not to talk about it's all your fault you're poor will you don't know our life our life is much harder then you're stupid rich life I'm pretty sure you had a hard life as a rich person. And you never had that much many friends except going social media and brag about I got Burns and all that that's why I don't go on Twitter or Facebook then you guys. I rather stay-at-home and spend time with my family more and care about them. I'm more happy to be poor but you as a rich person You be poor within the heart day you can't spin much time with anybody! Me I'm so sick of everybody saying the same dogone thing!😡
@@tayahoneybear You're right, there has to be balance. Work hard, be independent, but don't become a money-obsessed psycho, they are never happy anyway.
This may be true for rich people's day to day lives but when visiting important events or parties,from head to toe,they are worth more than what poor people make their entire lives.
John makes 100000 a year and has a lot left over after he pays for everything.
Tim makes 30000 a year and has nothing left over after he pays for everything.
@sorry mrgoogle I'm some cases I agree.
I get message this video is trying to send but think it needs more work
@sorry mrgoogle I'm not sure where you live but 30K a year in many major cities is not enough to live. Not when a small, dingy apartment costs at least $1,200 a month (and that's considered cheapest-in the ghetto). Then you have expenses like utilities, food, gas, car maintenance, car insurance, (forget medical insurance) and essential home supplies like cleaners and toiletries. All the sudden-that 30K a year person not only doesn't have money left over but most likely goes without most months. I think that comments like yours must come from children who don't know how much it can cost to live or someone who is out of touch with reality because they've never been in said situation.
@@hyperashitive3217 $30K a year would be nice. I like more than 1/2 the people get less than $30K a yr. Welcome to Dystopia America.
"To those that have everything, more shall be given. To those than have nothing, everything shall be taken from them"
Like that one it's funny ,but it's as some biblical value to it.. that makes sense... You can create wealth when you have a healthy and consistent cash flow .. weather it be through a Business or High paid job... Your able to reinvest that money to Generate wealth....
We all can create wealth ,if we are willing to learn ..and purposefully apply the value of what we learned.... In the endeavors to great life's wealth... If we don't apply what we learn then it's of no value.. it's after you plant the seed that it will grow ... Even though alot of people reap what they see have not planted....Good Samaritan planted for them .. we can go to the Bank ,on what we apply according to the financial education we get in this video..peace.... I enjoy your comments... they were edyfing ..even in disagreements... PEACE be with you all.
The key skill nobody ever seems to talk about is how to manipulate people.
Wether for good or bad, manipulation is a core, key skill.
A manager can't manage effectively if they don't know how to manipulate and delegate.
People might just want to be content with what they've got if it means less stress in their life.
Stress is a killer.
cough* persuade cough* no such thing as maniuplation....
Yup - I now know - first hand - that manipulating ppl is a "skill", where the manipulator, is, generally a psychopath/sociopath - only out for themselves, and have the extreme chutzpah to do so. Not to mention, that they usually are brought up with a sense of extreme entitlement
@@meredithheath5272 Or people who just don't tolerate fools and want the job done.
Manipulation to me is neither good or bad but just a tool/technique in order to get stuff done.
Some people manipulate for the greater good and a preferred outcome for the majority or even for people who don't realise.
But some people manipulate for their own selfish interests.
Manipulation techniques themselves are neither here nor there.
But you are right in that most people abuse it.
This video makes just as much sense as the those three gears at 0:55
Man ive learn so much in this video than i did in high school 🤦
hello,g,gudmrning
hhh
That's because you didn't go to college.
@@skywalker6648 i actually did to a four year university pace university thank you
@@tomboydee3326 Then, it's unfortunate you didn't learn much. What a waste, indeed.
These people have a really obscure idea of what it means to be poor. If you have a decent job, house and enough to eat, then you're not poor!!!
Thank you so much for imparting valuable knowledge to the general benefit.
Determination, smarts, and hard work don't always equal being rich. Some of the points you made are off, or straight up mind-numbing.
This video was absolutely the most tone deaf video I’ve seen on the differences between rich and poor money management. It paints poor people as lazy, lacking priorities, and having little to no control over their impulses. This completely ignores that the poor most often come from poor families and don’t get the help that middle class and above families have to offer. And that’s before we even go into the challenges POC, disabled folks and women face. I couldn’t finish this it wreaks of privilege.
I came from a poor family and I'm a woman and I'm not poor. Poor people aren't lazy, but they are ignorant of how money works. With all the information out there on the internet now they can learn if they want to, but some probably don't even know that because they're searching for stuff they don't need instead of financial channels. A lot of the poverty problem would be solved if anyone who got earn income credit on their tax refund or government assistance had to take a financial/investing seminar.
Great video and everything is on point! The difference between the rich and the poor is that the rich knows how to invest while the poor know how to save.
One day John died unexpectedly and missed all the opportunities to enjoy his life, and Tim died of a massive hearted attack at a state funded hospital. The end.
Johnson Kids 😅
being free of money worries IS enjoying life!
:)) watching Netflix and buying expensive clothes is a good life? Plus working for someone all your life?
I prefer to invest in myself now when I am young plus I try to have a balance with my time (salsa classes/ holidays/ piano classes/ going out sometimes) but priority learning and investing (stock market, forex, etc).
@@Benanca17 Spot on.There must be balance.The comment section always seems to be all or nothing!
Raymond Serpa 👍
"He should read more books to get promoted" I laughed when I heard that! I strongly agree with the general ideas presented here, but my experience is that in the "real" corporate world hard work, smarts, and extensive learning and expertise aren't enough to get you promoted. Do those and become extremely good at what you do to give yourself the pleasure of putting to the lie the ideas that the corporate culture sells you. Ultimately, many of us need to start our own businesses to get "promoted".
Agreed, if you stagnate at a single company you might get a couple promotions at some point but, it's a poor return on your time. I would edit the idea to tie it in with his dinner party "example". If you improve your skill and broaden your areas of expertise you will identify new and better opportunities at other companies. As you say, starting your own venture also becomes an option.
@@davep3728 Maybe it's just me but I ask the question: Are most corporations meritocracies? I what I mean by "meritocracy" is that my metric for "merit" is competence in the supposed area that the employee was hired for (or expected to evolve into). I don't exclude the ability to treat people in a civilized matter, but unless the position is by its nature political i.e. management or marketing/sales, I do exclude political abilities. I don't think it's fair to punish say excellent engineers because they might not be really good a manipulating management. What do you think?
@@philmarsh3859 I can't speak for all companies or occupations but, I think most companies like to think they are meritocracies. Unfortunately, the folks making the decisions often don't recognize competence or mistake some other quality (ambition) for it. With portable 401k's, I think the typical competent employee is foolish to trust their career to a single company. Raises and promotions are much more likely to occur by hopping to a competitor and possibly even returning a few years after that. Loyalty is no longer rewarded much. I've been at my job for 23 years and have been poorly compensated for my loyalty. However, I recognized this early and started my own side business as well so it works well for me. Some of my coworkers complain and I always suggest they should test out the job market.
The people who do well are nearly always "politicians" - networkers. More deals were made when people smoked or drank together than in cold boardrooms.
They are also typically quite selfish (often very selfish). People who care about others (as in genuinely care) rarely become rich (although they are not necessarily poor).
While I do agree with what you said completely, the hard truth that most people will never be able to start their own business, even if they do start a "small business" they may not become rich out of it, but at least they will not feel controlled or exploited, and sometime that all we need.
First idk what planet these guys live on but on Earth the rich and poor do not have equal job opportunities (i.e. networking, references, educational institutions)
have to agree there
This sounds just like a paper I wrote in college. I made mine up in one evening
Don't even have to watch the entire video to determine that it is the same story told by many videos. A poor dude exclaiming how rich people become rich by living within their means and living frugally. But in reality people who are truly rich can afford any clothing, any style, or any venture they want. The $1800 Louis Vuitton shirt they are wearing costs them the same as what it costs you to buy coffee...
Rich people take risks while average people contend with what they are earning.
This is awesome. It's a 10 minute rhetorical talking point fest. I remember my first $10k bonus for working hard...oh, wait...um...that's not really a normal thing.
Yeah, it's more of an upper class thing.
Nobody pays bonuses for working hard, only for not to leave, as they should.
@@trubadurudezute2387 That's a blanket statement that's misleading. The largest bonus I've personally heard of was $1 million for someone that left the company quietly after a takeover.
@@ryuness those are probably for upper management people. Not for the regular ppl.
'talking to the other loosers?'......what about coming back home from work and not finding a cartoon room but life issues and personal struggles? For example? What about living a life worth living one day at a time sometimes? Don't mean to offend but...yes...I have the impression this is a quite simplified version of the thing.
Tim have Netflix and I don't...I'm poor than Tim ? 😭
OMG this is hilarious!!!!😂😂😂😂😂
That means you gonna get rich because you don't waste your time binging on Netflix but educating yourself watching videos like this.
I don't either but not rich either LOL
The fact that you're watching this video sets you miles apart from the average person.
Keep pushing, you can achieve financial freedom! 💯💯💯
That's true! After 70 years I have a few bucks which, so far, no one knows I have. LOL, money sucks but we need it to function.
@@markh4926 Its fun to be a closet millionaire! Nobody wants your help until they find out that you have money.
Nah, just wastin' time on RUclips, an innocent victim of the algorithm.
Warren Buffet's father was a United States Senator. He is a brilliant investor, but I'm sure his father called in a few favors when his was starting out.
Absolutely Insightful ! Thank you so much for this !
this is for those in the corporate system
True. I'm a unionized worker at a University. I don't get bonuses, and can't get promoted unless I apply to better paying positions. However, my job security is higher than most and I get a pension. That being said, there is good advice here like having side gigs and saving.
@@trollking99 Don't forget delaying gratification!
@@tompain2751 True. In my public sector position, the long term benefits outweigh or will equal to what it would be in the private sector. I might not be making big bucks right now, but the other rewards will be there down the road.
Much of this is right from Rich Dad, Poor Dad .Some good points here: Don't waste time vegetating in front of the TV. Delayed gratification enables us to obtain nice things.
People who spend money on expensive cigarettes, alcohol, & coffee can't afford basics like car repairs. Stop buying expensive stuff to impress others. Use free stuff when possible. Save before you buy. Education and training pay for themselves. Go the extra mile. People notice. Network now, before you need it.
Rich people can spend money on onerous vacations. Poor people can't.
For this to matter, you actually need to be in the middle class...
Exactly! Completely neglects people who are born poor
yeah...
There is nothing wrong with being frugal.
@LilHo Excellent point.
LilHo Nope, but living debt free and within your means = freedom with more available options and choices, and, therefore, a happier life.
I am
@LilHo I think that there is a big difference between being frugal and being mean. The difference between flying economy class sometimes as opposed to flying first class everytime.
@@nicholasharper3296
So it is okay to live in poverty??
What kind of life is that!?
Hanging around with the right people doesn't always mean the rich ones, but with people with the right ethics and attitude. I had 2 groups of friends in high school. I'm doing alright, but shoulda hung more with the other one.
Economics 101: Everyone can't be a billionaire. There's a reason it's called "wealth accumulation" i.e. steal from the poor, give to the rich.
EDIT: since some can't understand it simply, I'll quote The Guardian: Adam Neumann, WeWork’s now ejected founder, is making off with a $1.7bn reward for failing to achieve his vision and appearing to lose investors eye-watering sums of money. As with most tales of financial hubris and reckless over-expansion, the architect absconds with the spoils while the company’s employees pay the price. About 4,000 WeWorkers are expected to be fired. Their new chairman told them they were “taking one for the team” - one of the lesser-known features of the market’s invisible hand.
Why would anyone "steal from the poor" when the poor have no money?
How much money did Bill Gates stole from you?
@@stonedaurelius6496 None. Not a penny.
I always laugh at people who say "the rich got rich by stealing from the poor." It's ridiculous, no one but an idiot would steal from the poor, because the poor, by definition, have little or no money.
There’s enough money in the world for everyone to be a billionaire.
You sound like Tim, and his loser friends.