I blame the schools ~ From HS to even college ~ The schools never teach you "how to" buy a house, balance a check book, pay off bills like a credit card, Start a small business'? I think I had to take a very, very basic class in freshman yr in HS on "How to" get a JOB "Just over Broke" That was it?
@@KingNewJerseyEver wonder why this is? I think its cause less financial literacy means more overall spending. The economy grows/shrinks depending how much cash is circulating. If everyones just sitting on heaps of cash, the economy’s gonna flounder, and the country’s overall power is gonna decrease. So i dont think its a massive oversight. Its all carefully planned, and for good reason!
you can spend your entire life worrying about finances too, but then you'll look back and realize, whoops, i've spent my whole life worrying about finances. but hey fulfillment looks different for everyone!
Ya, seriously, with purchasing power dwindling as inflation continues to increase, people are spending money like there's no worry in the world...impossible to understand
your username is 'bitcoininaminute' how is a gamble on an effectively imaginary redundant asset that doesn't provide anything to the world other than environmental damage not spending money like theres no worry in the world? Your resoning seems quite arrogant and ignorant.@@bitcoininaminute5008
Most debt after housing is education in America. So there are no need to know finances if you pay shitload of money for education you likely not gonna use.. Your higher education system is a huge problem.
@@zin.nesis1 Yep, they should get rid of student loans... or make them ultra low interest loans only... or only legalize student loans for technical degrees... Something to incentivize only loaning people money for degrees that are worth while and that people will use in the real world.
I have the habit of wanting to invest all of it but can't because I need essentials too lol. Just have as much in as possible and sell when I need the $$. I know I have to play the long game instead
@@xXLsUTiGeRsFaNXx You should not put yourself in a situation where you need to access your invested cash. Invested money should be considered temporarely lost.That said, I understand that life is not that easy and sometime you do need it.
I’m educated in finance and economics. It blows my mind how little the public knows about markets, literally nothing. You want to make money? Understand how it works first.
If investing is a game, these people don't even understand the rules 🙁 Honestly though, if you're going to invest in yourself start by learning what money actually is and how it works.
Yeah that’s guys advice of living with your parents is kind of nice. Society kind of pressures you to move out and do your thing but then you’re just making the conditions worse for yourself and having less money in general.
not all hope is lost. I’m 21 and bought a Duplex, maxing out my Roth IRA index funds, and have a good bit of crypto. i’m that annoying friend that always tries to talk finance but nobody around me gives a heck. i want to help them all out too 😢
Been there before, the road to hell is paved with good intention. You want to help them but I promise being a zealot will only make them resent you. "Dont save her, she dont wanna be saved", they wont help themselves and envy will grow as you blast past them. If they decide to make a change, they might just come to you for advice later on, be patient with them and try not to care.
Ugh, most of those young people are very uneducated when it comes to finances. It's sad tbh. Good video Andrew! It's nice to get insights into other people's thinking and i love your approach and energy, it's very non judgmental and laidback, you give people a lot of room without making them feel exposed (if that makes sense).
I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@PhilipDunk I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Absolutely mind boggling how people are willing to work 40 hours a week for decades but are unwilling to take a few hours to learn how to manage it to make themselves wealthy. What is the point of all that work if you have nothing to show for it?
I’d be interested to see you talk to people in Nashville on this topic. I feel like you’d get a little less “investing in myself” answers. Nothing wrong with that answer, but I’m curious to hear other answers.
My advice -- create a rainy day fund, put a chunk of your wages in an ETF/index fund, and don't get into credit debt. Or invest in yourself by watching one of the many financial advice RUclips videos.
It's crazy that every single person is like nope no crypto, it's monopoly money, I don't know anything about it, its kind of scammy, etc. And it's exponentially the most volatile asset class in existence meaning that if you're buying and holding spot it has the greatest profit potential and if you aren't borrowing you can't go below 0. So from a risk to reward perspective, again only speaking on holding spot, it has by far the greatest risk to reward calculation.
I've been watching Andrew from the start the hardest I ever fucking laughed was The video during covoid when he cut his hair all fucked up and danced and someone said in the comments glad to see hes getting his life together I laughed for 10 mins
The fact that every person you interviewed couldn’t even give the most basic investing or healthy financial advice is a clear barometer of why this country is in a trillion dollars of credit card debt.
I built up a pretty sizeable wealth from investing in renewable energy and biotech stocks, then about 3 years ago as I was divesting from those I moved 50/50 into building a dividends account largely from insurance and real estate stock and the other 50% in bitcoin... Now I mostly save in bitcoin and my dividends is my "safe bet". Things are going well.
We need to be teaching students in Junior High and High School about banking, finance and investing. Start with the basics, checking/savings accounts, credit card basics, introduction to capitalism and the stock market and bond markets and about real estate - buying vs. renting. Also, at some point they must be taught the magic of compounding.
If the general population had even basic financial literacy they’d realise how utterly rigged the system is and might start demanding meaningful reform. As George Carlin said the public school system is optimised to churn out obedient workers that are just smart enough to operate the machines but not smart enough to understand how badly they’re getting f**ked.
Here I am wondering. Why those people don't think about investing in a financial way... Like where are stocks, crypto, saving etc in their conversation. It's kinda scary
College has been my best investment so far. I went to community college. Cost $18k. 2 years after college, making $70k. All my bills are paid off. Putting money into 3 investment accounts every pay.
Wow!! How about dollar cost averaging $200 into an S+P 500 index fund every 2 weeks for 30 - 40 years and then you become a millionaire? These people are clueless..
I didn’t believe in investing at first until I had extra cash to spare. I started small and invested $500 bucks into Amazon 2 months ago. I made over $30 bucks in 2 months. It’s not a lot of money, but I can definitely see a lot of people becoming rich if they invested more
I Inherited $20K when my grandma passed away in 2017, I put it all in Amazon stock, now it’s worth over $50K. Investing is good if you don’t sell a lot of stocks for like 5+ years and let the money build
$500 is a waste of time investing in stocks.. better to take the 500 and buy a camera and make youtube/tiktok/ig content, or invest in learning how to sell online, learning a skill/trade, etc.. stocks are a waste of time unless u got real money
@@tonysopranooo1 not everybody is wealthy. definitely not a waste of time investing. how do you think beginners learn how to invest? what you just said makes absolutely no sense. people who invested $500 into GameStop made over $1000 when the stock skyrocketed. Investing within your budget is always necessary
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
The lack of financial literacy of these people is scary and inspiring at the same time.
I am sure they find the dumbest ones.
Therefore they look for the dumb ones.
I blame the schools ~ From HS to even college ~ The schools never teach you "how to" buy a house, balance a check book, pay off bills like a credit card, Start a small business'? I think I had to take a very, very basic class in freshman yr in HS on "How to" get a JOB "Just over Broke" That was it?
@@Reutzel507 Yea I wish they wouldn't do that.
WHILE living in 1 of the most expensive areas in the US... Makes no sense..
@@KingNewJerseyEver wonder why this is? I think its cause less financial literacy means more overall spending. The economy grows/shrinks depending how much cash is circulating. If everyones just sitting on heaps of cash, the economy’s gonna flounder, and the country’s overall power is gonna decrease. So i dont think its a massive oversight. Its all carefully planned, and for good reason!
not a single investment was mentioned that day
I hope the first girls puts $ in her Roth IRA but actually invests it, most people forget the ''invest" part of the Roth IRA 😅
💀
“Uhhhmm what’s a mutual fund?”
Max the Roth and invest into VFIAX
I was thinking the same thing 😂
@@tylerotaniconlon1990 Real ones know. Keep it up champ.
The first two girls sounded like they were playing characters of dumb calfornia girls. But this is really who they are.
yea the left one gave me brainaids
Hey at least one of them put on money in a Roth so that's good ig
90% of the answers aren't investing lol "investing in myself" "treating myself to spa days" whoops i'm bankrupt otay otay
you can spend your entire life worrying about finances too, but then you'll look back and realize, whoops, i've spent my whole life worrying about finances. but hey fulfillment looks different for everyone!
@@Concentrum I think that's the vast minority of people's issues
Yeah, there is definitely a balance to be made@@Concentrum
Ya, seriously, with purchasing power dwindling as inflation continues to increase, people are spending money like there's no worry in the world...impossible to understand
your username is 'bitcoininaminute' how is a gamble on an effectively imaginary redundant asset that doesn't provide anything to the world other than environmental damage not spending money like theres no worry in the world? Your resoning seems quite arrogant and ignorant.@@bitcoininaminute5008
2:30 Did he just interview Alan from The Hangover? Literally with the baby and all 🤣🤣🤣
good job
What's you best investment: "oh the spa. And hollidays"
LOL. That's not an investment that's a treat
bout to invest in a bluray if you know what i mean
🛩️ 🔙 🏠 👉 💿 😉
So this is what our average American citizen knows about finances. No shit we're all in debt.
now imagine what it's like in most other countries
Most debt after housing is education in America. So there are no need to know finances if you pay shitload of money for education you likely not gonna use.. Your higher education system is a huge problem.
@@zin.nesis1 Yep, they should get rid of student loans... or make them ultra low interest loans only... or only legalize student loans for technical degrees...
Something to incentivize only loaning people money for degrees that are worth while and that people will use in the real world.
Exactly no one why we are in so much consumer debt, especially from the credit cards
andrews inability to ignore that guys dog (@ 3:52) is heartwarming
I think he was just trying to stop it from barking because it was not listening to it's owner 🤣
Dog wanted the fluffy microphone
Idk how he doesn't bust out laughing when there first answer is "investing in myselfff"
never give up andrew, you’re doing great.
The guy who said he likes Superman’s dog crypto is a legend
I dont even think that baby was real!!! LoL
I’m investing on curb stomping the like button
Whoops!
Each payday, invest at least 10-20% of your income. Do this 30 years and you are in business.
I have the habit of wanting to invest all of it but can't because I need essentials too lol. Just have as much in as possible and sell when I need the $$. I know I have to play the long game instead
@@xXLsUTiGeRsFaNXx You should not put yourself in a situation where you need to access your invested cash. Invested money should be considered temporarely lost.That said, I understand that life is not that easy and sometime you do need it.
These girls lmao. "Vacations and food are the best investment I've made!"
Actually those are wants
I’m educated in finance and economics. It blows my mind how little the public knows about markets, literally nothing. You want to make money? Understand how it works first.
Glad this new format is working decently for you bro! I watched the whole thing. Been a fan for 6 years
daddy's hair on point.
Forrest Gump 😂
Zaddy goin for that one flew over the cuckoo's nest look...🔥
If investing is a game, these people don't even understand the rules 🙁
Honestly though, if you're going to invest in yourself start by learning what money actually is and how it works.
Exactly, read books listen to podcast, but no one wants to really do that
@@omotayosatuyi252 Some people do. I do and it works. But to be fair, I didn't when I was younger.
Yeah that’s guys advice of living with your parents is kind of nice. Society kind of pressures you to move out and do your thing but then you’re just making the conditions worse for yourself and having less money in general.
not all hope is lost. I’m 21 and bought a Duplex, maxing out my Roth IRA index funds, and have a good bit of crypto.
i’m that annoying friend that always tries to talk finance but nobody around me gives a heck. i want to help them all out too 😢
Been there before, the road to hell is paved with good intention. You want to help them but I promise being a zealot will only make them resent you. "Dont save her, she dont wanna be saved", they wont help themselves and envy will grow as you blast past them. If they decide to make a change, they might just come to you for advice later on, be patient with them and try not to care.
@@LaMach420 you have a great point. i just want to help loved ones but i suppose all i can do is look out for myself. cheers
Ugh, most of those young people are very uneducated when it comes to finances. It's sad tbh. Good video Andrew! It's nice to get insights into other people's thinking and i love your approach and energy, it's very non judgmental and laidback, you give people a lot of room without making them feel exposed (if that makes sense).
what are you on about? Andrew is just as "uneducated" and besides, the system is set up to fail you
i find it interesting how so many people in america are in deep deep debt
@@jodawgsup And yet plenty of people are thriving. It's all about the choices you make.
@@AUniqueHandleName444 you are, seemingly, blissfully unaware of what is happening in your own country. Plenty of people being a select few?
Woah calm down Robert Kiyosaki 🤓
Whoa! Is that Zach Galifianakis at 2:29???
No it's a dude cosplaying him, complete with a doll and everything
@@chonkusdonkusthat joke went so far above your head that I can't even see it anymore.
@@MrFloRolf he asked if it was him and it was not.
@@MrFloRolf if you look closely you can see that it is not a real baby
As soon as he said he'd be asking people in Los Angeles, my expectations of hearing anything useful dropped way, way down.
I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@PhilipDunk I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@PhilipDunk I just checked her out and I have sent her an email. I hope she gets back to me soon.
Absolutely mind boggling how people are willing to work 40 hours a week for decades but are unwilling to take a few hours to learn how to manage it to make themselves wealthy. What is the point of all that work if you have nothing to show for it?
That old guy LMAO
"Get a better job so you can make more money"
OHHHHHHHHHHHHHHH
yep, that's the best investment you can do.
Investing to get a better job?
My best investment was Nvidia and my worst was Zillow. Just keep stacking bread.
These people make me feel good about my finances.
2:40 alan from hangover :D perfect
The first people clearly don’t know anything about money.
Never mind, after watching it all, no one knows
that Allen was pretty spot on with his answers
2:36 Alan from the hangover with the real advice.
Anyone today saying they are looking into “nfts” is probably the most financially illiterate. Holy shit
Need more personal finance courses in schools; need more tax money for teachers
The roth is good advice for a young person. Best place to put retirement money when your taxes are relatively low.
My best investment was my Blu-ray dvd player. Otay Otay!
How else will you get those honeys to swing back to your place?
@@Ghadente I wouldn’t be able to without it lol
Pop in that blu-ray
OMG those two women in the beginning are excellent stereotypes of how we in Europe believe Californians are like . Wow.
Girl at 2:55 I thought her ice cream was the microphone
if he asked me this i woulda said tesla then watched this back and been like "oh, that's definitely not what he meant" lmaoooo
I’d be interested to see you talk to people in Nashville on this topic. I feel like you’d get a little less “investing in myself” answers. Nothing wrong with that answer, but I’m curious to hear other answers.
My advice -- create a rainy day fund, put a chunk of your wages in an ETF/index fund, and don't get into credit debt. Or invest in yourself by watching one of the many financial advice RUclips videos.
Apparently everyone in LA is broke 😂
Just invest all you can in a low cost index fund like VTSAX and you are ahead of most Americans.
That's not saying much, though :(
Unfortunately, we aren't taught any of this at school.@@TinCents
Mutual funds are a good one too
@@omotayosatuyi252 VTSAX is a mutual fund
Curious how they confuse consumption with investment
O.M.G. I feel so much better about my investments after watching this. 😂 But also sad that investing and budgeting isnt taught in schools.
commenting for that algo, love you andrew
I am surprised the first chick didn’t say that those hideous tattoos were her worst “investments”. Actually, I guess I am really not that surprised.
That one bloke who thought u were asking about kryptonite 😂
Why is it that so many people confuse "investing" with "spending".
Looking absolutely unhinged with the hair bro, love it 😂
😂
Consumption based investing, interesting
I love these type of videos. My man is baaaaaaaaack
It's crazy that every single person is like nope no crypto, it's monopoly money, I don't know anything about it, its kind of scammy, etc. And it's exponentially the most volatile asset class in existence meaning that if you're buying and holding spot it has the greatest profit potential and if you aren't borrowing you can't go below 0. So from a risk to reward perspective, again only speaking on holding spot, it has by far the greatest risk to reward calculation.
Don’t listen to this clown guys if your going tech go ai. Amazon,nvidia ,amd
I've been watching Andrew from the start the hardest I ever fucking laughed was
The video during covoid when he cut his hair all fucked up and danced and someone said in the comments glad to see hes getting his life together I laughed for 10 mins
Love you andrew, glad your still making videos :)
Not a single one of these people made an investment
"hard drugs are cheaper" lmaooo
Nice nod to the Hollywood High 16 at the beginning of the video, Andrew. If you know, you know.
LAHWF you legend, been watching you from day . Its always good to see u upload. Lots of love from Sydney.
Love this series of videos. Keep it up bro. Think about bringing back those couch interviews lol
Narcissism is king
The fact that every person you interviewed couldn’t even give the most basic investing or healthy financial advice is a clear barometer of why this country is in a trillion dollars of credit card debt.
u were the Goat back then dude. wish you did yt more but you were MIA for like 5 years
This makes me feel like I’m not doing all that bad in life ! 😆
Right. Spenders gonna spend. But we think hard and spend on what really matters
I built up a pretty sizeable wealth from investing in renewable energy and biotech stocks, then about 3 years ago as I was divesting from those I moved 50/50 into building a dividends account largely from insurance and real estate stock and the other 50% in bitcoin... Now I mostly save in bitcoin and my dividends is my "safe bet". Things are going well.
Those two babes represent American Women......pure truth!! Lol
I feel bad for them but better about myself. Wierd how that worked out.
Skateboarders loved that Intro!
Those first two girls are the definition of the problem with young women in america
you dont even have to hear them talk and you just know these people are not smart and provide nothing of value.
We need to be teaching students in Junior High and High School about banking, finance and investing. Start with the basics, checking/savings accounts, credit card basics, introduction to capitalism and the stock market and bond markets and about real estate - buying vs. renting. Also, at some point they must be taught the magic of compounding.
Worst investments were those tattoo's 😅
Didn’t expect to see Zach Galifianakis here haha
Tattoo girl at the beginning is the epitome of the failure which is the modern day woman 😂
That intro caught me off guard I stared laughing at the red light
These are some special type of ppl. All says invest in themselves 😅
Public schools really need to teach modern money mechanics to understand basic monetary system.
If the general population had even basic financial literacy they’d realise how utterly rigged the system is and might start demanding meaningful reform. As George Carlin said the public school system is optimised to churn out obedient workers that are just smart enough to operate the machines but not smart enough to understand how badly they’re getting f**ked.
No 4K bluray quality? Whoops! Otay otay...
Tim Dillon’s Patreon and Oil stocks in 2020.
Thanks for always asking about crypto playa, great video! 🙌
The baby with shades😂
Have you seen hangover?
This one is a much needed video!! Please keep doing investing video every few months on different locations. 🙌
casual intro at Holywood 16?
Andrew is AWESOME!!!
“Hard drugs are cheaper”
What a line, but probably an infinite cost associated with drugs for most
LAHWF love you man
Getting that high CPM I see you Andrew 🔥
Here I am wondering. Why those people don't think about investing in a financial way...
Like where are stocks, crypto, saving etc in their conversation. It's kinda scary
I see. The best investment is to stay out of California. Thanks.
Best investment = Counter-strike skins (lmao but serious)
Worst investment = College
College has been my best investment so far. I went to community college. Cost $18k. 2 years after college, making $70k. All my bills are paid off. Putting money into 3 investment accounts every pay.
Uploooaadd morrrreeee.
Do the videos with random awkward interactions with strangers.
The one on cherdly's was also great
WHATS UP MY BAGs
hair and mic matching! LOL
Wow!! How about dollar cost averaging $200 into an S+P 500 index fund every 2 weeks for 30 - 40 years and then you become a millionaire? These people are clueless..
The part the woman at the beginning left out was savings from the bank of mummy and daddy
worst investment i ever made: spending 3 years hanging with worthless people, i regret it but also learned a lot to be more picky
Best and worst investment: Spending 1,000s of minutes watching Andrew's shanangins all these years
Andrew, it's not too late to pursue film school! 👏
I didn’t believe in investing at first until I had extra cash to spare. I started small and invested $500 bucks into Amazon 2 months ago. I made over $30 bucks in 2 months. It’s not a lot of money, but I can definitely see a lot of people becoming rich if they invested more
Getting more rich*
I Inherited $20K when my grandma passed away in 2017, I put it all in Amazon stock, now it’s worth over $50K. Investing is good if you don’t sell a lot of stocks for like 5+ years and let the money build
$500 is a waste of time investing in stocks.. better to take the 500 and buy a camera and make youtube/tiktok/ig content, or invest in learning how to sell online, learning a skill/trade, etc.. stocks are a waste of time unless u got real money
@@tonysopranooo1 not everybody is wealthy. definitely not a waste of time investing. how do you think beginners learn how to invest? what you just said makes absolutely no sense. people who invested $500 into GameStop made over $1000 when the stock skyrocketed. Investing within your budget is always necessary
@@tonysopranooo1 looks like somebody doesn't know about compounded interest.