Nick- I discovered your channel through your reaction to whatifalthist’s Great Depression doomer prediction vid, and I’m soo glad that I did, and that you have stuck with this channel over the years. Always look forward to your more in-depth perspective on topics that other channels tend to cover superficially. Agree with the other comment that I would like to see a video expanding on your thoughts on reduced human capital, as a millennial with a masters degree myself.
Thanks for the support, please share the channel with others who you think would like it. I’ve done a lot of research on human capital issue, but I need to figure out how to put it together in a way that is accurate, but not too insensitive
The problem is inflation is not being counted accurately. It is higher than reported and they count a new feature in something you buy as deflation which is just as ridiculous.
Great videos man. Just found your channel yesterday and I’ve been binging your videos since. Fun to listen to while at work or gaming after work. Glad that your channel is starting to blow up. You offer some good insights that are much needed
First time seeing someone analyse the price of housing in gold just to see the actual value of it, think I just stumbled on a gold mine man. Thanks for the video by the way
@@AFNick sure man, I was just looking at your video about Portugal since I'm Portuguese and Nick, your channel/ video quality has really growth man, good job!
Would part of the stocks going up faster than wages also be due to share buybacks these days, which increases the average share price without increasing overall earnings?
Would you recommend someone investing in gold in order to set aside money for a house for the next generation, or just as much in index funds given it yields better returns
How can finance workers increase their productivity and become more valuable human capital? What are hard skills those working in the finance space should be proficient at?
Financial modeling/cash flow analysis, portfolio management, and research skills will always be valued, but mixing them with more critical thinking (especially with AI being able to brute force number generation) softer skills (sales, marketing, explaining the story behind conclusions from financial analysis, etc.) will be the key to increasing value of financial human capital.
These numbers are way off. You are pushing the high end of everything. We bought a house in a highly rated suburb with great schools for $178k in 2020. It’s worth about $300k now. We drive $8k cars that have been reliable and comfortable. We don’t pay any child care because kids are 10 and 9 now and I run my own business so I’m able to pick them up after school. We take trips often for around $2k-$3k so the $10k vacation is pretty close. You can get an education for much less than $50k and we max out our Roth iras and contribute to her work Roth 401. It’s not that bad as long as you are growing.
@@AFNick Houston area. Yes it is low compared to many other popular metros but these numbers you used here wouldn’t apply to most people surrounding those high dollar metro areas. I’m fairly certain you can find real estate for much less than $2 million in most of them though it may make more sense to rent as you mentioned. I’m just stating that these numbers seem to be a worse case and wouldn’t apply broadly to most people.
@@andrewsnyder9262your numbers are the absolute best case, Houston is the most affordable major metro in the entire country. Your uniquely inexpensive market where you locked in expenses before the recent 1.5-2x run up (plus interest rates) means for someone else starting today in an average area they’ll have 3-5x your monthly housing cost.
Nick- I discovered your channel through your reaction to whatifalthist’s Great Depression doomer prediction vid, and I’m soo glad that I did, and that you have stuck with this channel over the years. Always look forward to your more in-depth perspective on topics that other channels tend to cover superficially. Agree with the other comment that I would like to see a video expanding on your thoughts on reduced human capital, as a millennial with a masters degree myself.
Thanks for the support, please share the channel with others who you think would like it. I’ve done a lot of research on human capital issue, but I need to figure out how to put it together in a way that is accurate, but not too insensitive
The problem is inflation is not being counted accurately. It is higher than reported and they count a new feature in something you buy as deflation which is just as ridiculous.
Saw this video while painting this morning, and I thought, "This would make a great Nick video"
Wow, great analysis! You deserve more views my friend. I’m glad youtube fed me this video 👍
Glad you enjoyed it!
I usually never subscribe to any channels but you are one of the few that deserve it. Such valuable information on this channel
Thanks
I would love another video on the declining quality of human capital!
Great videos man. Just found your channel yesterday and I’ve been binging your videos since. Fun to listen to while at work or gaming after work. Glad that your channel is starting to blow up. You offer some good insights that are much needed
Thanks for the kind words
First time seeing someone analyse the price of housing in gold just to see the actual value of it, think I just stumbled on a gold mine man. Thanks for the video by the way
You’re welcome. Please share the content if you think it’s valuable.
@@AFNick sure man, I was just looking at your video about Portugal since I'm Portuguese and Nick, your channel/ video quality has really growth man, good job!
I really appreciate all your videos. It’s inspiring me to study economics more
That's awesome! Thanks
Thank you.
This channel is awesome.
You're welcome. I'm glad you enjoy the content.
Wooden clogs climb up the stairs, silk slippers slide down.
Great channel! new sub!
Thanks
Enjoy wathcing your channel. Good research information.
Thanks
Would part of the stocks going up faster than wages also be due to share buybacks these days, which increases the average share price without increasing overall earnings?
Yes, it plays a big role.
Would you recommend someone investing in gold in order to set aside money for a house for the next generation, or just as much in index funds given it yields better returns
I don’t talk about specific investment advice in the comments. If you have a question specifically about your personal investments contact me directly
Man your videos are truthful and mad depressing
Maybe it’s time to do more debunking the doomer videos. I try to provide positive realism.
Is there a way to move out of the working lower middle class? 34 year old Veteran only making 80k annually.
There is but it varies on your individual situation. I don’t give specific advice in the comments.
Why compare average home price to median household income? Wouldn't it be more useful to compare median home price to median household income?
They are very close
Great video.
Thanks
How can finance workers increase their productivity and become more valuable human capital? What are hard skills those working in the finance space should be proficient at?
Financial modeling/cash flow analysis, portfolio management, and research skills will always be valued, but mixing them with more critical thinking (especially with AI being able to brute force number generation) softer skills (sales, marketing, explaining the story behind conclusions from financial analysis, etc.) will be the key to increasing value of financial human capital.
These numbers are way off. You are pushing the high end of everything. We bought a house in a highly rated suburb with great schools for $178k in 2020. It’s worth about $300k now. We drive $8k cars that have been reliable and comfortable. We don’t pay any child care because kids are 10 and 9 now and I run my own business so I’m able to pick them up after school. We take trips often for around $2k-$3k so the $10k vacation is pretty close. You can get an education for much less than $50k and we max out our Roth iras and contribute to her work Roth 401. It’s not that bad as long as you are growing.
Where do you live? It seems like you're in a low cost of living metro.
@@AFNick Houston area. Yes it is low compared to many other popular metros but these numbers you used here wouldn’t apply to most people surrounding those high dollar metro areas. I’m fairly certain you can find real estate for much less than $2 million in most of them though it may make more sense to rent as you mentioned. I’m just stating that these numbers seem to be a worse case and wouldn’t apply broadly to most people.
@@andrewsnyder9262your numbers are the absolute best case, Houston is the most affordable major metro in the entire country. Your uniquely inexpensive market where you locked in expenses before the recent 1.5-2x run up (plus interest rates) means for someone else starting today in an average area they’ll have 3-5x your monthly housing cost.
I can confirm those prices are about right. I’m in the San Antonio area and it is even cheaper than Houston.
@@thetapheonix get real man . San Antonio doesn’t cost anywhere near these numbers.