Wealth and Poor People.
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- Опубликовано: 2 окт 2024
- This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
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Rudy, you are more than a collectible channel, you are an amazing source of information for all us taco starved carrots. I will never forget your corporate bond videos back in the day. PLEASE keep making videos like this, many people will learn from your mistakes and successes. The truth is the truth, if it hurts some people it's because they need to know it more than anyone else. Keep it up you crazy cardboard crusader.
I am not a carrot. I'm a potato.
Yeah that corporate bond video was great
Don't be afraid to make these videos. While they may make some people angry and frustrated, they need to know how the game is played. If you don't know HOW to play the game you'll NEVER play it!
lol they got rid of the thumbs down because of _corporations_ getting hurt feelings, not you and me. Too many people disliked the ads they uploaded, made them look bad, made RUclips look bad to advertisers who pay their bills
I was a serial disliker on ads, I’d put my food down just to dislike hahahah
It's not because of ads so much as mainstream media not being as easy to brainwash others because dislikes would be in a majority, that meant sheeple would have conflicts in their conformity psychology, and gravitate towards dissenters instead of sucking up whatever was spoonfed to them
@@simongamer987 hahaha
Once again Rudy shows why he is the best channel out here.
100% I look forward to every upload. =)
I agree!! I don’t even collect magic but dabble in collectibles and the knowledge this man has and the way he presents it is spectacular
Dear hairy american millionare, i eating my leather belt for breakfast and watching this from Belarus, do this type of videos more
LOL
My wife is a financial adviser, so I end up hearing about all this stuff. What people don't know is tragic; but the machine is so big and complicated, just understanding it is a full time job for the average person.
Ya there is more to it. Warren buffet is a huge dividend investor so wealthy people do like dividends.
Understanding it IS a full time job, that's why people can be financial advisor :)
@@sebastienpaquin4586 Lol, right? What I mean to say is an adviser/fiduciary manages many accounts for people with a myriad of needs and goals. Most people don't even know what they need to do for themselves. Even people whe dabble in finance as a hobby, of sorts, do all kinds of things that don't make good sense.
I could never do it.
People dont want to learn, they want to complain.
a financial advisor should be a specialist in a field like trading cards bc its a “full time job”
Rudy: “I know it’s late in the video. No ones watching.”
Me: Over here taking notes.
Then there's me who watched the whole thing. :P We're always those guys who make it to the end. Lol
@@Matteo_the_Plague_Doctor i watched this 4 fuking times
@@plagadel2411 watching for the seventh time haha, Rudy’s lessons over the years will make us all a lot more financially intelligent and wealthier in the long run! 👌🏼💯
i never click off early
Wow. Thanks for the depressing video reminding me that I'm a 42 year old poor person that will almost certainly remain a poor person for the rest of my life. I will admit you were 100% correct when you said we never can run fast enough to catch up. I bought a small house years and years ago after getting married, saved for decades, paid down debt so all that was left was my house, climbed a career ladder so at this point in my life I could buy our dream house and raise my family in it. Right as we started to look for a house and cash in on all this work, and all this sacrificial discipline, the COVID crap hit and houses in my area are 30-40% higher than they were just a few years ago and I can't afford anything better than what I'm already in now. Combine that with inflation and my entire life's work has been demolished by powers outside of my control.
I did everything right by what I was told growing up and still got hosed in the end. I can't hardly stand to think about it, and frankly when I do I just despair and try to figure out what the point of even bothering to try anymore is. I get up early every morning to do the same job and routine I've done for years, and know in my heart I'm doing it for nothing. I guess for survival, but no dreams, no hope, nothing beyond the next meal to justify it. I hate it.
You're poor by choice. Stop choosing that player class. And upgrade your character. Life is a game. And you're a noob
Well I didn’t plan on crying today. Recent housing inflation has just about crushed my spirit as someone who was on the cusp of buying their first house just before Covid hit. It seems impossible now.
@@Runningmancs at least you have a dope ass car
@@CardGamesTV1 life is not a game where you control shit. Like he said. He lost years of work seemingly out of nowhere. It wasn't his fault nor do we need to aby to any particular life style. Your comment is pretentious af. Grow up
@@Runningmancs I know it sucks right now, but just wait a bit. The thing about markets is that they fluctuate. RE might be super high right now, but at some point it is going to start going sideways or maybe even retrace a little bit. You are not alone, there is a ton of pent up demand, people want to own their own home. At some point someone is going to cash in on that demand, as soon as it happens it'll be a free for all. Just gotta be patient and stay in the game.
These kind of videos are the reason why you are the greatest mtg related content creator out there, and the tacos of course.
The world is unfair?!?!? Goddammit! I fucking KNEW something was up!
☝️🤣
This is why having wealthy parents CAN give you a massive head start. If you're savvy and can learn from them, you'll avoid 90% of the problems and conditioning handed down by blue collar parents that are unable to give and provide good financial advice. Sure, you can learn some stuff and grind your way to wealth but the cards are stacked against you and the probabilities of fu up increase exponentially.
The only one you can blame for being financially illiterate is yourself. With the internet it’s very easy to learn money management and how to get ahead.
@@trexasaurus5322 My parents grew up in the 60s and I was born late in the 70s. Internet was in its infancy for much of the 90s and 00s, resources were scarce up until the 10s. The new generation has a wealth of knowledge at their fingertips but in my days it was much worse.
I love the cold hard truth finance videos.
In short, poor people don't have disposable cash, and 90% of the market have to be timmies for the market to work.
They have tons of disposable cash, they just don’t invest it. Go to a gas station sometime and hang out for a few minutes. Rich people certainly aren’t the ones going in there spending $100 on lottery tickets or buying cigarettes, beer, overpriced energy drinks, and snacks every day of their life. The same people who claim to be “barely scraping by” spend at least a car payment on cigarettes in a month.
@@jamesbrincefield9879 I don't think wasting money on cigs lotto tickets and shit from the gas station really counts as a ton of disposable income, it certainly adds up over time. But I reject the notion that the economic problems of today aren't systemic and are a result of people just being bad with money. People have always been bad with money, and most people always will be, so really what is the point you people are making?
@@jamesbrincefield9879 that is such bullshit
@@jamesbrincefield9879 You cannot nickel and dime your way out of poverty
Again, I wish you were someone I knew in my personal life. I think just being around you could lift someone up out of their situation. It’s hard though when you are so far down to pick yourself up. Love your channel mate. Take care
Hoping to be able to buy him a taco here in Jacksonville sometime for this reason lol
Rudy is wrong. Interactive brokers offers a similar service at 1.59%
Look up the credit card that interactive brokers offers.
He’s at your beckoned call if ya join patreon
I wish Rudy was a 5$ chalupa box at the Taco Bell drive thru, so that every poor person could get a taste of his greasy, sleazy wisdom
Can you further explain the "wash sale" story? My understanding of wash sales is they only count if the shares are sold for a loss and bought back in within 30 days but the the trade in that story wouldnt be considered a loss because the shares would be exercised for a profit, thus causing a taxable event and not eligible to be considered a wash sale. The story has been bothering me since watching the video yesterday so i thought i would just ask for further explanation in case im just stupid and missing something. Thanks for the awesome video, one of my favorites.
You are correct in your description what he described is not a wash sale. I actually paused the video and confirmed the correct definition because he mischaracterized it.
"Nothing to do with collectables or magic the gathering".
Rudy talking in front of a green screen of MTG booster boxes.
the legendary cardboard screen
These are actually my favorite videos! I want to hear more of these stories. Rudy should start a podcast and just talk for hours on this stuff or live stream would be great. I also wonder if he is still in contact with any of his old co-workers he mentioned in the video.
rudy podcast is a great idea
💯agree!
As a poor individual, I appreciate these videos immensely. I always want to learn something I might not know. I don't care how the much the facts of life might 'hurt' someone, everyone needs to hear the truth.
That’s a growth mindset that will benefit you in the long run!
sell drugs its that simple
take a trip to cuba get cigars and illegally sell them to michael jordan
@@swide2750 we get it. you think selling drugs and cigars to Michael Jordan are a good ideas and you'll get likes for commenting it over and over again. How's that working out?
@@blaze556922 pretty good just know when and not spend the money
The Moral: the key to being rich is being born rich. that's it.
That’s the TL;DR of it. His Elon Musk example is an example of this too. Musk was born rich and his dad gave him play money. Now he did well with it but 99.999% of people will never have that opportunity.
The most anger inducing part of this video was how Rudy repeatedly said he wished he was a billionaire. Why?
You've been public that you have 8 figures in magic alone and that you have TONS of investments outside of that which suggests your net worth could be in the 9 figure mark by now. How is this so little success to you that you still wish you were a billionaire?
Also why are you still PRETENDING to be so angry and upset when it comes to talking about something you perceive might make your viewership unhappy? 90+% of your videos talk about how what your doing will bring out negativity. Whether its talking about the direction of WOTC or speaking positively about metazoo and FaB. You run a drama channel whether or not you actually realize it Considering you start most box openings by calling yourself Timmy for opening standard sealed product its clear you know exactly what you're doing.
Also...as part of the mega elite...you get to benefit from this system as will generations of your family and loved ones. Can't be all that bad. You're also free to spread as much good as you please with that wealth which is definitely more than what you could say about the 99% idiot viewers who follow you (myself included). We're too dumb to spend or save responsibly which is why this entire channel exists and why you constantly call us Timmy's and speak down on us.
No matter how you feel about him, he tells you how it is. You wont find that in many places. This is the stuff they dont teach you in college.
You’ve never been to college on any meaningful level. You are just hating on it to hate on it. Now go lay some bricks
2 years later and I learned more from this video than I have from any video on YT. Appreciate you sharing your knowledge Rudy.
Really love these videos Rudy.
Dislikes were removed so companies wouldn't get upset that their ads were being shown on a very disliked video. People use dislikes to figure out whether or not to watch a video and advertisers don't want to be on the hook for paying for an ad spot on a disliked video. No dislikes = more ads they can place without angering the advertisers.
Which means mainstream media, late night shows, etc. can still get ad revenue no matter what non-sense they put out there or how majorly disliked it is.
Its Corporatetube now, not RUclips, this was the final change needed.
Complicated question but all people really need to know is that when companies pay dividends, it has to come from somewhere. Their profits. So companies that don’t pay dividends get to use ALL their profits to growing their company rather than paying shareholders dividends
Even if the algorithm doesn't show love to these videos, please accept this token from people who appreciate you and this content:
You can not endlessly buy! people did that with some European banks or stork aerospace and then one day they disappear from the market because they get nationalized and all your money and stocks are gone.
I think Dividends are OK for a retirement account such as an IRA where you don't have a taxable event until you withdraw the money. The compounding by dividend reinvestment can be very good. There are some channels on youtube that talk about this exponential growth.
This is the first time I've seen you and I have no idea what your regular content is, but this video was spectacular.
Oh boy, hold on to your tacos folks.
Rudy, more of this please!
Don't give into consumerism. Live within your means, have a surplus mindset and enjoy spending time with your friends and family. Take care and I hope you have a great day
@@phenax1144 didn't say that but you do you homie
@@Turn2UginYou are right i misunderstand what you said
@@phenax1144 nice pfp btw, Phenax is a dope commander
AT&T is down like 35% in the last 6 months. As much as I appreciate the dividends payments, I pay taxes on these dividends and to offset a 35% loss we’ll need many years of 5-6% dividends
I’ve many poor life/financial choices. I will always be poor. That’s ok. I can live vicariously through other Timmies box openings. As long as people with money let’s pack cracking videos get made I can stick to putting a roof over my head and food in my belly.
Keep up these videos Rudy, I do not play magic, but appreciate the advice you give. I run my own business and have been doing the same things you mentioned in this video (to a smaller scale, I am a few years out of college) and have increased my assets significantly with leverage.
Less than 1% will actually understand everything that was explained, because they haven't seen this in action for themselves. You've been very fortunate to have a great circle of influence friend. Most people will need to progress forward with traditional finance investing because of the capital limitations you've discussed. The key here is for those people who come from generational wealth or happen to really strike it big via business or other investment opportunities. It would be nice to only have to think about tax avoidance investing strategies, but I'm thankful I have food on my plates, house over my head, good health with an average intellect. Happy holidays everyone. May the new year bring you lots of prosperity, hope and good health.
I would recommend a stiff drink 🍹 , a comfy chair 🪑 and a spare 30 minutes ⏰ before you press play
Thus video really bummed me out
I haven’t played magic in over a year but I remember finding this channel back in 2018 and indulging in hours of content. Really glad this showed up on my RUclips today. Great video. I wouldn’t have a clue without it
Wow. I am totally poor. I live in Canada and I am disabled so cant work and will forever be on disability which only gives me $1000 a month to live on. That is suppose to pay my rent and utilities and food and medication and whatever else, $1000 a month...to pay for all that the rest of my life. I am sooo jealous and envious of you and just to listen to you talk about a world that I will never be apart of was kind of eye opening and depressing.
Only way I think I'll ever get a million or even hundred thousand dollars is to play the lottery which I cant do becuz i am to poor. I am honestly living in poverty. This life has got me so low all i want to do is die and maybe I will reincarnate to a new life and maybe I will be dealt a better hand.
Anyways I just found your channel from pokemon cards and I thought you were taking cards away from kids and the pokemon community but seeing this video made me realize your side of it.
Anyways sorry I made that comment on the other video and I hope everything continues to go good for you and I hope you do become a billionaire.
God bless you.
There should be no billionaires. I don't even think we should have millionaires but that's just me.
yep. tax and redistribute & fund social programs. it's only logical.
I understand that it's a possibility. I understand it can and does happen. I understand the roof is WITHOUT limit nearly, especially for those with already seemingly infinite capital. I even heard you mention the "leveraging against their lifestyle." But what I can never, ever help but stop wondering is "Why?" To what end is all of this for? What's the motivation? Simply growing wealth because someone can? I don't understand how/why it seems to never feel like enough no matter how wealthy a person is. That's the fundamental misunderstanding I have with capitalism, once it stops being about survival, I cannot understand the purpose. What's the point of growing wealth forever? Is it archaic from survival days? I don't think so, because there are so many generationally wealthy people that have no wealth-growing survival necessity instinct... Is it for.. Simply the sake of doing it? It seems so incredibly purpose-less... I just don't understand that piece.
Yeah i understand why people want to be rich but after like 400 million what are you doing? What are you planning to buy?😂
Wow very insightful, real world education here thank you honestly
Rudy, when it comes to Wealth Management, you are one of the most knowledgeable content creators in the TCG market. Who was the person that influenced you the most?
Because dividend stocks are not growth stocks ;) if you are made then buy the blue chip "safe" dividend stocks ;) if you want to gamble growth stocks ;)
19:26 - I'm hearing the iocaine powder "Inconcievable!" rant from Princess Bride
Rudy I want to join your cardboard empire, I will provide contact info if you want to talk further.
I love the finance videos Rudy! Keep them coming.
Ya BUT for poor people who don't have a bazillion to borrow against...
Div stocks aren't an awful choice?
Ideally, if your a poor like us; you first want a financial foundation - no debt, no mortgage, then start buying bonds, stocks, a rental, et cetera.
And do so using a financial advisor imo.
I may be wrong though, because well, I'm poor and just justifying my own situation, I think.
I know they do not garner allot a views Rudy but I really get allot out of these videos.
I could use a few more like this,
revolving financial knowledge, and ways to efficiently get your money to work for you.
Thank you!
TL;DR = dividends manifest tax implications, another level of The Matrix the average person is clueless on. Great video as always, Rudy! Real gold here. Also no joke, trying to tap mana across several cards to pay for spells = exactly like Rudy explaining how the wealthy maneuver assets for maximum borrowing at lowest interest rates possible, thereby paying no taxes etc. The real-world Black Lotus!
Rudy, I make 75K a year and have almost zero savings. I approve this video. This is TRUTH. Money-making is complex, ONCE you're wealthy (not rich) ... once you're WEALTHY, it's easy. Unfairly easy.
What a sad world. People listening to this guys advice when he grew up rich. Scammer in the flesh.
Rudy is the Florida Man you been reading about in the news... 😆 😂 🤣
If I had the money, I'd be calling you TODAY to buy your ENTIRE alpha/beta collection. 6-7 million?? No problem, here ya go 💰💰💰
With the finance videos
Yes alot of people want you to spoonfeed them an answer to their own struggles, but when you have the drive I feel these financial videos are still important for telling people that aren't even vaguely aware about how wealthy people play a different game with their money than the average american.
Poor people live on paychecks and pay tax. Wealthy people live on loans and pay no tax.
I like when ruby talks about economy topics
It be interesting how new interest rate environment of of 5+% + 1.9% effect that strategy as it requires annual avg return of around 7% just break even
Rudy, can you clarify one thing. In the story of the guy who bought the shares, had them appreciate, wrote covered calls, had them called away, and then repurchased you mentioned that he would get out of paying taxes on that buy re-entering the position.
I don't believe that's correct. Can you review that part? I believe the wash sale only applies to stocks sold at a loss and not re-purchased within the 30 day window.
Loved the video though, thanks!
Stocks for this mostly poors chat? Really? You guys have to get rich first and stocks aint gonna get you there on modest stock investments. Make aggressive investments for a 2021 world and you will be a millionaire in less than 18 months. I know as I just did it and opportunities are still everywhere right now. Then you could jump in some Rudy stock and take advantage of the system.
It's quite interesting that in the end the gap between poor and middle class is sooo much smaller than middle class and rich!
I don't remember where I heard it (maybe Rudy's old videos) but leverage is indeed the gretest force of the universe XD
Amazing video and only a second close to the one with the credit card tilted game (man that one still amazes me)
Thumbs up this comment, if you thumbs down the video. Take that RUclips, we can see the down votes again.
Poor People... Finally Something is Qualified to talk about... 🤑 😁 🥳
It’s almost like Marx was right about the end stages of capitalism 🤔
The best video you’ve ever done. More of this, please!
The dividend strategy won't make you stupid rich and it's not efficient because of taxation, but if your goal is financial independence instead you could do worse (if you actually need the cash flow).
This by far is one of your best videos. I was entertained, I learned something & even though the game may be tilted in an unfair way, knowing how it's played is 1/2 the battle. So I say game on! We Timmies are here to win!!!
So what you're saying is ill be poor for the rest of my life because I wasn't born rich? Nice 😩👌
Would love to see more vids like this Rudy. The past year I've been digging deep into the financial crimes that happen in this country every day and yet nobody goes to jail. It's become extremely depressing for me. Almost seems like the only way to get up that metaphorical slope you speak of is to lie, cheat, steal, or get very lucky. But I was raised better.
Biggest challenge is understanding and thinking like a wealthy person, and applying it to low capital. It definitely works even on small scales
I really do like these sorts of videos. Just because things are unfair and people are financially illiterate, doesn't mean they can't learn more useful things day to day. Once you've built wealth, avoiding taxes is the smart way to do things
You can't wash sale gains. So what you mean is he probably bought back his covered calls at a loss and moved them into the future instead of having the stocks exercised. This information is dangerous. The person who wrote to you is not wealthy but is he asking for a path to wealth. You are skipping straight to 'bro you poor.' Your viewers are going to misinterpret this, over leverage on their trading accounts and go broke. You can say this is 'not financial advice' but you are oversimplifying everything and ignoring the very important risk management part of leverage. Entertaining but this will crush a lot of your viewers who don't understand.
LETS GO
Rudy if you do educational videos like this im gonna watch each one
I literally had my hands on my head pulling my hair while listening to this. I have sizable equities in my brokerage but stupid me never even thought of trying to get margin. Wow! I'll talk to my advisor asap
Be very careful with buying on margin. It can go very badly.
This is how lives can get ruined. Not a good time in the market cycle for leverage wait for next crash
Most poor people dont have money to invest because they waste it all buying their landlord a new boat.
That is very interesting you mentioned Chimera! I actually bought Chimera last year around $7.9 and it's around $15 right now. I'm happy and thankful with my situation. I agree with what you mean about people not liking uncomfortable truths. I was born in poverty and want to get out. Understanding and accepting uncomfortable truths like the tax system and how wealthy people see money different from others early on really helped me get out of poverty.
Rudy is the ultimate Florida man, prove me wrong.
I'm still watching rudy!! 😉
I got hungry yesterday and had no food to eat, so I ate my mother's last two candy bars. I knew in two days I would get SNAP benefits and I would be able to replace them without her knowing. Unfortunately she found out. Now, 5 hours from now when my SNAP benefits go through I will buy those two candy bars and replace them. In a hungry man's mind, no harm occurred. In reality, I showed my weakness to my mother and the next time I get hungry and have no food to eat I will steal from someone who has more than just two candy bars.
I have a job, I work 60 hours a week. And I can't afford a candy bar.
Someone who chastises me for not "investing" my extra income makes me wonder... What the fuck is extra income?
Don't be greedy and get slaughtered folks 😂
I’m all about being brutally honest with broke people . People were with me and my life has changed so much. Drill sergeant that shit.
btw these finance vids are pure gold.
"How to fix America. Everyone stops paying taxes and takes out as many huge loans as possible."
I like Revolutionary Rudy. Let's make this happen. Rudy 2024.
How do i learn all these wealthy people tax & income hacks
I love when Rudy drops a truth spin ! Please keep making more of these ! Ps. I did learn something .
👎
(It's simple, upvote this comment)
Love the financial vids! Ready Rudy could be a high school economics teacher.
I love how you explain this stuff
Listening to Rudy talk about basic level stock information is the most entertaining thing I've heard all year, mostly because I know half the people watching are actually learning something new.
19:40 when Rudy starts talking about interest rates rising in the next 100 years is a meme since we're now out of that zero-EFFR magic land of cheaper cost of capital.
No Pink Visor or White Board, but a great video nonetheless.
Thank you for sharing this info with the masses.
I first learned about leverage against investments a couple of years ago and it blew my mind. I always thought the rich just had the advantage of long term cap gains vs income tax but had no idea they weren’t even selling the stock at all!
🤯
changing lives one video at a time
Rudy, Mr. Taco God with the hair in the basement, thank you for discussing the contents of this video. I love your channel because you aren’t afraid to talk about the reality of collectibles, investing, and now, the realities of capitalism. It takes big nuts and a party pack with half the step-sisters in the county to do that. So thank you sir. Keep it real!
mind blowing information. 🤯
Love these videos. Granted the rich people do pay the taxes as soon as the gains are realized. And if they leave them unrealized until the day they die, they never truly had the money. So it works out in the end.
dog did you not watch the video? you can borrow on your unrealized gains forever and get basically all the benefits of realized gains while never paying shit in taxes
Rudy your longer-form financial and life videos are golden, Think your on to something here :D
Large Hard Phyrexian Tower Brother
Right till the end! Loved it man. I'm in finance and absolutely LOVE your market analysis of the collectible card market. I have actually diversified some of my holdings into MTG since watching your video and positions are doing very well (the ones that aren't...thankfully I can let it sit as you very intelligently reccommend. In a year or two it'll come back.)
Thank you Rudy
i need more of this kind of info
Hey dude any chance you could put these in a playlist (or add them to the creepy advisor one)? I don't even follow MTG any more but love your finance videos.
Thank you Rudy! This video has so much good information to learn!!!