@@GlamGoddes101 Property tax. The guy was an idiot with that cash. It reminds me of all those lottery winners that wound up homeless or living in slums working minimum wage to survive after they spent all the money on dumb crap with no regard for the future. I've been poor and I've been rich. Everyone likes you when you're rich. No one likes you when you're poor. Don't give them SH7T!!!
@Spread The Truth im in canada and the taxs in the province i live in is 15% taxs. I went alittle heavy on taxing him, but he gets the point lol. Maybe i should do 60% taxs tho!
I would buy a large pack of 30-50 candy warheads and sell them for 25 cents each at school. Or buy a pack of scan-trons and sell those for a dollar each on test day. Made around $250+ dollars by the end of the school year and bought my first laptop with it.
Best advice from the video, is to put it away for a year and let your body & mind get used to it. We all make poor financial decisions when it is emotionally based. Weddings are a great example...
Definitely there was a bit pressure to spend it all for content but even with that he couldve made both great content and good purchases. Cut the frivolous buys cost in half, 1 cheaper family car, 2 houses and leftover for investment and some cash for rainy days. Bam great content, stuff that can be easy liquidated and great investments. What if he also called some other youtubers like Graham for financial advice? Thats even better for Mr Beast since more exposure from such a collab.
This comment section is still cancer, so many braindead idiots who think people are hating on MrBeast just because they're saying the guy he gave the money to blew it and could've set himself up for life. The only positive I can take away from comments like this is the schadenfreude of knowing all these losers will go through life poor and miserable and blaming everyone but their retarded selves
yeah dude I was furious when i watched the spend 1 million dollars video. He could've got two modest cars 10k each used, got simpler yet still nice gifts for
You can hate all you want, but Mr. Beast is still a multi millionaire and owns a channel that can generate millions more at ease. Your frustration actually adds to his publicity ironically.
@@datazero7795 he's not hating on anyone ya dingleberry, especially not Mr Beast. Its that person that is just throwing away money is what we're all shaking our head at.
no one is talking about why he had to spend all the money right away. he was never GIVEN a million dolllars to own, he was sponsored a million dollars to spend.
Da DodoBird like he said though put it in a high interest bank for a year first! That would have put him in the best opportunity to buy in at lows similar to the Great Depression! But let’s not forget dollar averaging in to the market and not buying in one big time!
@@meyaenyo2593 Tax laws in the US and Canada state that there is no minimum age requirement for paying taxes. Minors are legally required to pay taxes if they make more than the yearly exemption amount. Depending on the source of income, the parent may claim the income as their own, but the money is still taxed. Otherwise that would be tax fraud
Enocan Galaxy Hey all you broke peeps. If you find a quarter on the ground you should pick it up because that is more than the monthly interest most people make on their checking account balances. If you have $5,000 in an account earning the USA average checking account interest of 0.06% your monthly interest would be exactly $0.25. If you have and keep less than $5,000 in that account you should pick up that dirty quarter and deposit it into your measly account and keep doing that until your monthly interest is at least as much as that coin on the ground that you think is not worth your time and effort to pick up. I picked up over $100 in coins in 2019 just walking my dog every day. That paid for the dog’s food and then some.
@@ewe_toober I'm sorry but probably 70 percent of the ppl watching this are kids under 18, including this guy. I don't think you would've saved up quarters you found on the ground when you were 10?
LOL I knew this video was coming. He should've invested way more but to each there own. That video was a good example of why lottery winners tend to go broke.
@@willn8664 this. From what I understood this guy isn't earning well, same aboutt his family. He buys 3 houses like this he lives in one and gets a couple thousand of steady earnings each month. His family is pretty much set. Then if he has a job or his YT channel takes off, in time he can buy all those things anyway, but he still has those houses paying his bills. And if he doesn't - well, he's still got a place to live and something to buy food for.
@jchc VV i wouldn't say spend all of the money on expensive houses. I was thinking a couple of cheaper houses (3 - 5) around 50k - 70k each. Fix them up a bit and put them up for Section 8 Housing. That way you can at least make some decent money on the side while in a way helping out low income families.
Definitely not broke. His house and cars are all paid off. House can be used for equity and for the cars- he can sell them and boom cash. No to mention, he’s debt “free” on two of the most important things to have. Just a matter of him working and paying the bills And hell live pretty well actually.
Justin Baniwas if he not smart, sure... but he’ll probably watch this video and become aware of the right things to do. Worst case, he sells house and cars, quick $200k about, and with that and smart decision you can make a living.
I agree the house was the best purchase. BUT with essentially no money left how will he maintain it. What about the taxes? I hope this kid is ok in 5, 10 years.
He also invested in equipment to start a RUclips channel plus thanks to mr beast and now graham here, he isn’t starting with 0 subscribers. Also he has 50,000 leftover for investments. If he plays his cards right, he’ll never work a job again.
Kevin Torres you’re talking as if he’s just a random guy on the internet. Mr. Beast already makes a living off of youtube through ad revenue and merch, where do you think all this money came from?
I wouldn't care about if the content is boring or not not trying to live paycheck to paycheck for something I spent on someone else (family or friends). Like the personal advice from Graham.
You know the revenue earned in the United States is only because the United States made it possible, right? Military, health, and social systems put into place to make economic growth and stability possible for ancestors and everyone else today? IRS collects that revenue to keep it going so people who happen to be raised comfier don’t have as much of an advantage as compound interest over generations already gives them. For those who don’t understand why it’s necessary, you’ve clearly never studied the history France and other similar economic gap issues lol
@@brycecarlson3395 Why is it someone else's responsibility to provide for another person when they don't want to. What does the government do to provide economic growth, minimum wage destroys small businesses, copyright laws hamper competition and taxes prevent economic growth. The only example i can think of is lobbying which is inherently corrupt and war bonds
That video was a case study on why "wealth inequality" is the natural state of things. Give most people enough cash to have a 1% level net worth and five years and most of them would probably be back to where they started and complaining about how the money ruined their life. Also, the 4% rule's probability of success drops off significantly for windows longer than 20 years.
or educate everyone equally and people will understand this type of thing. With the current education system anyone who goes through a more expensive option will be at an advantage, but that shouldn't be the case
@jchc VV Ben Felix has a video called "The 4% Rule for Retirement (FIRE)" on his RUclips channel that goes into depth on this. It's worth checking out if you're interested. Anyway, the idea is that the analysis that produced that rule was targeted at a certain withdrawal period. When your withdrawal period exceeds the original one the probability of running out of money before dying increases. Also, things have changed in the market since that research was done. 4% may not be a safe withdrawal rate for a portfolio with the original 50/50 asset mix.
@@tatyboy1337 I was watching an interview with some American military commander recently and he was talking about how the armed forces have transitioned from wanting people that can follow directions to wanting people that can be given a mission and figure out how to get it done in a rapidly changing environment without much oversight/input from command. The armed forces aren't alone. We do not need to better spoon feed people instructions for how to get through life. Those instructions are almost guaranteed to be stale by the time you put them to use. We need people that are capable of figuring out what they need to do to get to their goal in a changing environment. That's not an education problem. If it were an education problem the armed forces would be able to train people for that quality rather than having to search for them.
VileStorms I have owned multiple BMWs and if you keep up with basic maintenance they are very reliable. 2 I got from my parents and both were double digits years old with over 150k miles each when I donated them to charity for a tax write off. My current BMW I bought as a low mileage used car. The only major issue I have had was basically a spark plug went bad and one of the cylinders wasn’t firing. But it cost less than $300 to fix it. Just pray you never have to replace a starter. On one of my old cars I had to do that and it cost $1500, mostly labor because they had to remove the engine to get to it. That repair bill hurt.
Sorry but I think most of the purchases were a bit much. Especially buying new cars and electronics makes no sense since in 5 years they will be worthless.
It's not even the depreciation of the cars that hurts. It's that he replaced his rent payment with property taxes and car insurance while having the same income.
@@yukigawa3163 some that are not educated do not realize when you own a $200k house you can pay $600 a month in taxes and insurance or more in Texas. You are right that bills may not actually go down much. How about a 4-plex and live off the income for life? That is how I think. On the other hand I am up 115% in market this year.
@@mecheckraise Other people are stupid. You are smart. You're 115% up in market this year. Got it. You are your severely broken grammar are better (and more wealthy) than everyone else on this internet forum.
If I had $1,000,000 to spend in 1 day. I’d just buy $1,000,000 of Gold Bullion and sell it the next day so I can take my time and actually do something smart with the money lol.
Ikr.... id Buy a house in a different neighborhood where nobody knows me then use all the money to buy Gold bullions and just keep a couple thousand dollars for expenses.. i think Its a good strategy Because you could then decide if you want to keep it until gold price increase or just sell it back so you could invest it
Good friend of mine had a worker for his company (He was the CEO of our county's largest company), had a guy win the lottery. Immediately retired any my CEO friend kept track of what happened. Spent his way into oblivion and now has a singlewide trailer in the local MHP he can't afford. Sold his pension to a 3rd party company to try and get out of the debt he had amassed after lifestyle creep to the million dollar stage, only gets subsistence living anymore by mowing yards.
Before I found your channel I would always say if I ever win big, I will buy a house and a car. But now, my mind changed. Now I say, if I ever win big I will start investing, so instead of it going down it will go up, and then I'll go ahead and spend.
Yeah. Definetly changed how I think of winning big. Honestly practically invest it all and then the money that money generates would be spent but then I would still work till enough of that money makes enough money on it's own to maintain a comfortable life with some luxuries with some left over to keep investing. That would be ideal. But that's a lot of investmented money.
@@edwardrhoads7283 nah I prefer to invest a portion and keep working on my normal job. When I see it grow I'll buy a decent house and keep investing, then I'll buy a car and continue on investing, until I have enough money to retire without worrying about my future.
@@leti_AR When you upgrade your house from an 80k one to a 300k one just keep the 80k house and rent it out. You won't be paying rent when you are in the 80k house the returns on that would be pretty good just for what you save in rent. We have some areas here where that 80k house will get you 600 a month cash flow.
Want to make 1 mil off RUclips? Make a video about another guy spending 1 mil on RUclips. Absolutely genius. Hats off to your Mr Stephan. You’re at it again. Well gosh guys. If you have any time at all give me some constructive criticism on what I could do better on my first vid. Thanks🤗
@@GrahamStephan You're speaking and making content at a niche that its CMP and CPC value is at least 5 times the average. give me a message Graham if u found the time . I have some things that I think you might find interesting
U smart. Pointed out Mr Beast did a great thing before pointing out what you disagreed with. This was also a very fair thing to do because if only the bad decisions were pointed out, we know that there would be some viewers that wouldn't see the big picture. Well made video my dude.
@@kenissken Depends. London or Bristol are the best cities imo but as a general rule the further south you go the nicer and better off it is. But for the most part homes are consequentially more expensive. Where are you coming from? 😃
Wolf of Dubai Stocks Investing Channel the exact comment I left on Mr. Beasts video. They should have give him more time to research for better homes or better vehicles.
you might have free healthcare but at least we dont have to wait hours just to see a doctor. free healthcare sucks, why do you think private schools are better than public schools......because you have to pay to get in a private school.
If I have $1 000,000 I would invest in real estate or stocks, 99% of Americans don't have money saved or invested and all they do is spend and live from pay check to pay check, stop chasing that millionaire status, invest wisely and it will come to you :-)
@@cryptobanter8301no doubt. I equally had this problem of choice of Investment plan months ago when I had much capital with me but I did inquiries and I invested rightly and fortunately the outcome was very huge
Hi @@Pinnjaaa ! The Vanguard Group is a financial institution which is a popular place for everyday people to invest. They are famous for their low cost stock index funds, a topic which Graham has made some excellent videos about! After opening an account with Vanguard, people get money into their account using a electronic transfer from another bank or brokerage, mailing in a check, or from an automated paycheck deposit. No one invests at Vanguard by going to their office building with a truckload of cash. I doubt they would accept it or even let you in the front door! But the idea is funny because it is outrageous. Kinda like paying for college with a briefcase of cash! It is the kind of stunt that MrBeast is known for. I think it could have been a way for Mark to invest most of the money while at the same time allowing MrBeast to create an amusing video for his fans to watch. Like Graham and many commenters here, I lament that Mark did not invest more of his winnings to set himself up for an easier life. Nothing is more exciting than growing your money by investing. But alas, investing just doesn't look as exciting on camera as buying new stuff at Best Buy.
I might’ve bought a home for $400K (I live in CA so that’s a modest 3 bedroom house) and “saved” the rest. Or if forced to spend the rest of it, buy gold?
Speaking from experience, take full advantage of any help your parents are willing to give you in the up-coming years. It will give you a massive head-start.
If I had to spend it all and that was the condition I would spend it all on things with value like gold, a house, a car more gold and rental property. And the. I would sell the gold back after the RUclips video was shot and invest it in index funds
if I were him, I would’ve bought: A house for myself 3-4 rental properties giving me monthly income for the rest of my life without paying mortgage. 80K for miscellaneous and utility bills and etc. And half of the rest in $TSLA and the other half in 401K
Trust me he had no idea he’d have to pay so much in tax by the end of the video. When he realized that his face showed it. He also almost went over the tax amount and could have ended up in debt in 24hrs lol
I've never watched your videos but this one came up as recommended. I love how you appreciated the fact that Mark spent it on his family and how generous Mr. Beast is, while also giving some incredibly good advice on how else the money could be spent. Very good video, you've earned another subscriber 👍
Hey Graham, nice content as always, and 6 months later this comment may not be seen. Wanted to throw this out there though: at 13:50 - the psychological aspects of paying off your mortgage are significant, and it does provide safety and security. However, generally speaking, conservative investments will yield greater returns than the interest on most modern mortgages. I mention this only for consistency - throughout the video you bring up very valid points about depreciation (such as of cars) and the trade-off between short-term purchasing and long term investment gains. The recommendation to pay off a mortgage in full at the end is slightly inconsistent. Solely from the perspective of maximizing financial returns, the mode prudent route is to refinance into a low-interest rate long-term loan, potentially buying the rate down slightly further, and then investing conservatively. If your intention is not to retain ownership of the home, an alternate "straddle" approach would be a shorter-term, lower-interest rate loan, using the returns from a conservative investment strategy to bolster net gains over that period.
If you had your silly "free healthcare," the tax rate would be closer to 90%. Learn how money works before you go around demanding everything for free.
Yeah the house was ok as it gets rid of the cost of rent. But the cars were excessively expensive. Should honestly sell them now and get cheaper/fuel efficient cars
@@slapdashzeal6095 property taxes are the last worry as itll probably end up being less then 500 dollars a month depending on where he lives they can all work save money and not worry about rent that in itself helps alot for the situation he was in.
As Christmas is right around the corner I have a question and hope you can address it in a future video. You are very frugal, so do you give cheaper gifts or do you splurge on gifts for family members and your girlfriend? Thank you!
I'm not him obviously, but id say cheaper gifts for people less significant, and more expensive for the most important. He seems pretty practical and realistic. I know he's a millionaire but I highly doubt he spends more than $500-$1,000 on gifts. Maybe $20 toys here and there, $50-$100 jacket, shoes, whatever, and that's it. That's just my opinion, if you view that as 'splurging' or 'normal' or 'cheap' is up to you and your perception, but realistically presents only go so far, you don't want to be that guy showing up everyone. I'm also sure he's blown a couple K on a gift for his mom/dad/SO as a present, but I doubt its annually.
Well, my mom once told me the best gift she ever got was from my dad when they were broke, it was like a camping trip or something like that to a place she used to go as a kid a lot, anyways, it wasn't expensive, like less $25 just for the gas, but it showed that he genuinely thought about her and picked something out that he knew had sentimental/emotional value to her. I think that's really what matters for people close to you, get them something that genuinely shows that you think about them and remember details about them, like if they're really into gardening for example, get something related to gardening for them, or if they're about to move into a new place get something cool for them to put up on their wall, stuff like that. Also, usually people are pretty understanding when it comes to gifts, if you make $10k a year a $50 gift for someone really close to you is fine, conversely if you make $10m a year then a $50 gift will probably seem cheap unless it has a lot of emotional value to the person.
Working as a financial planner for ultra high net worth families, I’ve become so desensitized to large amounts of money that I honestly think I would be so prepared to get a windfall like that. -Akeiva
As Mr Beast is giving it away, it's considered a business expense on his end, so he gets the tax he would have paid on that $1m back, leaving old mate to pay the taxes upon receipt.
Now the question becomes is there any possible way to buy assets that appreciate instead of the electronics, cars, and ring, while at the same time making an over-the-top spending video? How about 1) home to live in, 2) rental home, 3) antique furniture that holds its value, 4) a used luxury vehicle or two that hold value or even increase, 5) for gifts, he could buy gold coins that can be sold later, or treasury bonds. I don't know, if it could be done, but maybe?
Gifts could even be Rolex or other Watches or things which hold their worth. Cars? Buy a Ferrari F355 or Lambo Murcielago which will most likely increase in value as a weekend car and as the main car a classic rather „cheap“ BMW or something which will also not lose value. Homes. Choose one or two and get a good deal for that location. Sure, buy some electronics why not. You don’t have to invest everything and be greedy but invest at least 50% of that money. It’s free money you wouldn’t have had anyways. Give some to charity. That’d still be a good video tbh
@@andremakris3061 that's why "materialistic" investments are sometimes better. Positives are that you get to enjoy your investment, i.e. wearing your watch every day, and the return in value can still match the best investment funds. They're also fairly liquid, unlike bank bonds which most of the time wont let you touch the bond for years, whereas watches are pretty easy to sell
I am surprised nobody pointing this out, the high of spending that amount of money on the person's mental well being, your view of money can change much, even if you are not aware of it. It reminds me of the time they gave homeless person money, I forgot how much, but he ends back on the street again after a while.
FYI: The Ad Revenue of this video will be donated to Team Trees :)
Graham Stephan reply please
i hope you see our cartoon that we made for you...and smash like button !
Graham Stephan are you sure you want to give up all the revenue?
This could become the new tesla video of yours
You’re a great guy graham!
Broke to Millionaire to broke in 24 hours.
Seriously
Ya not very smart
At least they gotta house (?), not having rent/mortgage payments is a big plus
@@GlamGoddes101
Property tax. The guy was an idiot with that cash. It reminds me of all those lottery winners that wound up homeless or living in slums working minimum wage to survive after they spent all the money on dumb crap with no regard for the future.
I've been poor and I've been rich. Everyone likes you when you're rich. No one likes you when you're poor. Don't give them SH7T!!!
Technically no. He has assets now. Over 100g worth.
I'm amazed how companies pay so much for ads that nobody wants to see.
Ads that no one wants to see, but those ads give them lots of attention to their product that people buy for some odd reason.
Search up "availability heuristic". It's basically that people will think of those companies more when buying a certain product
Those ads is what keeps RUclips running.
Welll...
A lot of peoples watch them actually...
It represents like...
A quarter of money gain
Right?
Im teaching my kid about taxs now, i give him five dollers then take it back and give him three lol
You should hand gim 1$😂
@Spread The Truth im in canada and the taxs in the province i live in is 15% taxs. I went alittle heavy on taxing him, but he gets the point lol. Maybe i should do 60% taxs tho!
underrated coment hahahah
Oh damn that's a good one. Thank for sharing. I'll try to do this when my son grows up a bit more.
Haha you have kids
Wins a two dollar bet:
Graham Stephan: GET A GOOD CPA. save up for hershey’s chocolate and resell them for 5% interest
😂😂
Nik Fizzy Lmao
Oof
I would buy a large pack of 30-50 candy warheads and sell them for 25 cents each at school. Or buy a pack of scan-trons and sell those for a dollar each on test day. Made around $250+ dollars by the end of the school year and bought my first laptop with it.
🖕
You forgot about the free coat rack he got, please have all the facts
LMAO😂😂
Thats a small mistake. Get over it
Patrick r/woosh
Patrick Boomer
oh so u remembered that' bt did u also remember how its cost to edit the video n post it ? huh! mr "FACTs". :D :D
Me watching this like I’m going to suddenly come into $500,000
You never know. :)
@Karol Palazej when investing in Tesla stocks turns out to be a really good idea
@Karol Palazej this aged well lol
ThatBritGamer I'd come if I suddenly got that much money
@Karol Palazej corona appears
i had several panic attacks watching him spend all this money
me too lol I was like noooooo invest
Same
same dude
Bro you described me watching this video 😂😂😂😂
JonSchwartzVisuals 😂😂 fr
Best advice from the video, is to put it away for a year and let your body & mind get used to it. We all make poor financial decisions when it is emotionally based. Weddings are a great example...
I made 20k from crypto and lost it all 2 years ago because of emotions and not pulling the money out lol.
And funerals
@@MichaelP-ke1tm side effects of being trader :D but with time you can turn off your emotions so you will see only changing numbers in front of you
@@MichaelP-ke1tm Come on man!
Definitely there was a bit pressure to spend it all for content but even with that he couldve made both great content and good purchases. Cut the frivolous buys cost in half, 1 cheaper family car, 2 houses and leftover for investment and some cash for rainy days. Bam great content, stuff that can be easy liquidated and great investments. What if he also called some other youtubers like Graham for financial advice? Thats even better for Mr Beast since more exposure from such a collab.
The Car Salesman in that video couldn’t contain himself that someone bought 2 cars in cash so quickly
I wouldn't be able to contain myself either, that's good money
The man getting paid commission
I can't blame him I bet its not too often someone pays cars in cash.
Would of been smart of him to lease instead of bought outright.
of course, he got double the bonus dude
I felt that Graham was being very careful and wise with his words before Mr. Beast fans come and start trashing the video 😂🤣😆😆
This comment section is still cancer, so many braindead idiots who think people are hating on MrBeast just because they're saying the guy he gave the money to blew it and could've set himself up for life. The only positive I can take away from comments like this is the schadenfreude of knowing all these losers will go through life poor and miserable and blaming everyone but their retarded selves
We don’t care we love beasts dumb ways
I think you mean cowardly instead of careful.
yeah dude I was furious when i watched the spend 1 million dollars video. He could've got two modest cars 10k each used, got simpler yet still nice gifts for
Chakra Unleashed don’t forget real estate rental property like a duplex and a house for his family. One for him to live in and another to cashflow
I could spend that in 5 minutes and in one place,TSLA stock.
I can do better: buy a couple of Amazon stocks and a few
Berkshire Hathaway stocks
I would buy space x stocks
@@alexier2733 Lmfao pretty much every CEO is.
Ryan Holliday lmaoo “stocks” y’all sound funny af
nikos467 space x stocks is private company and are not stock market yet
I'm glad someone pointed this out. The video of him spending the money was beyond frustrating; he had a million and only saved 50k of it smh
TheGamerFromMars *Hey Mate, I remember watching your top 10 4chan pranks video! I’m glad to see you here :)*
You can hate all you want, but Mr. Beast is still a multi millionaire and owns a channel that can generate millions more at ease. Your frustration actually adds to his publicity ironically.
@@datazero7795 he's not hating on anyone ya dingleberry, especially not Mr Beast. Its that person that is just throwing away money is what we're all shaking our head at.
Ben Cbr what are you talking about? Missing the point.
At least he's got himself a house
no one is talking about why he had to spend all the money right away. he was never GIVEN a million dolllars to own, he was sponsored a million dollars to spend.
PURP Mouse mr beast did that purposely to kill any haters that would say he didn’t actually give him the money
@@gageconnor5718 true
He did it to make another video. You couldn’t get another video if the guy just put 500k in the bank
But if you watch the previous video ,another contestant said he would open a business with the money. Shame he didnt win.
True true
Imagine if mr.beast was a leader of a cartel and hes tryna hide his money by giving it away
I have thought abt this a few times 🤣🤣🤣
Lol
LMFAOOO
mr beast is a marketing genius
Bruh that's a really good Money laundering strategy.
Give away money to make money from youtube
Graham Stephan: invest in stocks
Me watching 2 months later during corona: wait a minute
Da DodoBird like he said though put it in a high interest bank for a year first! That would have put him in the best opportunity to buy in at lows similar to the Great Depression! But let’s not forget dollar averaging in to the market and not buying in one big time!
Yeah ouff!
@@jacobfreeman5054 interest rates are at 0.01 percent now.
Da DodoBird great time to invest in airlines
When you get enough experience you can make money even in events like covid
But.. The IRS Taking money from a private “gift” or winning feels like taking taxes from a kids birthday money just on a bigger scale
welcome to the real world kid
If a kid won a $1 million they would be taxed the exact same way
@@OnslaughtHacker They can't tax a kid, they tax the parent :P Why do we call it tax when it's really a mugging.
@@meyaenyo2593 Tax laws in the US and Canada state that there is no minimum age requirement for paying taxes. Minors are legally required to pay taxes if they make more than the yearly exemption amount. Depending on the source of income, the parent may claim the income as their own, but the money is still taxed. Otherwise that would be tax fraud
Jack W damn
Mr.Beast - Hey guys today we will be giving away 1 million dollars to Graham Stephan,
Graham - Hey look a quarter on the ground, got to invest.
Enocan Galaxy Hey all you broke peeps. If you find a quarter on the ground you should pick it up because that is more than the monthly interest most people make on their checking account balances. If you have $5,000 in an account earning the USA average checking account interest of 0.06% your monthly interest would be exactly $0.25. If you have and keep less than $5,000 in that account you should pick up that dirty quarter and deposit it into your measly account and keep doing that until your monthly interest is at least as much as that coin on the ground that you think is not worth your time and effort to pick up. I picked up over $100 in coins in 2019 just walking my dog every day. That paid for the dog’s food and then some.
@@ewe_toober I'm sorry but probably 70 percent of the ppl watching this are kids under 18, including this guy. I don't think you would've saved up quarters you found on the ground when you were 10?
Me: I would’ve spent 1 million dollars responsibly
Also Me: *has already eaten half of my christmas candy*
Intabola all my candy
Half? Amateur..... 😒
I won money from mr beast, I'm pretty broke, somewhat
huh
Those are rookie numbers
He didn’t buy a coffee maker... and that shall be his down fall
Eclipzo77 most underrated comment of the video.
Giovanni Rossi honestly
I need asap fam
LOL I knew this video was coming. He should've invested way more but to each there own. That video was a good example of why lottery winners tend to go broke.
to be fair he wasn't as bad as most lottery winners
Ben Bailey yeah true
@@benbailey5685 exactly. The house was the best investment out of the whole thing. He should have bought more houses to rent out though.
@@willn8664 this. From what I understood this guy isn't earning well, same aboutt his family. He buys 3 houses like this he lives in one and gets a couple thousand of steady earnings each month. His family is pretty much set. Then if he has a job or his YT channel takes off, in time he can buy all those things anyway, but he still has those houses paying his bills. And if he doesn't - well, he's still got a place to live and something to buy food for.
@jchc VV i wouldn't say spend all of the money on expensive houses. I was thinking a couple of cheaper houses (3 - 5) around 50k - 70k each. Fix them up a bit and put them up for Section 8 Housing. That way you can at least make some decent money on the side while in a way helping out low income families.
Graham: Yes there will be ads, earnings will go to teamtrees
Me: laughs in youtube red
Before you comment yes i know it goes to him
**laughs in ad block**
Especially from Premium subs like me
Imagine wasting money on RUclips red lmao
Awqha same
How to go broke in 24hrs...jesus.
Definitely not broke. His house and cars are all paid off. House can be used for equity and for the cars- he can sell them and boom cash. No to mention, he’s debt “free” on two of the most important things to have. Just a matter of him working and paying the bills And hell live pretty well actually.
Dylan Barrera no he gon be broke boi in less than a year
Justin Baniwas if he not smart, sure... but he’ll probably watch this video and become aware of the right things to do. Worst case, he sells house and cars, quick $200k about, and with that and smart decision you can make a living.
maybe he can go to best buy and return all the items, lol.
he was broke to begin with, so he should enjoy it.
1.9% is your interest rate in America? DAMN that sucks. It's like 6% in a normal bank in India.
Headbanger's Kitchen yea I have 1000 dollars worth of rupees in a bank in india and it has an interest rate of 9%
1.9% is the interest rate in America? Damn that sounds like heaven. It's -0.5% in the Euro Zone.
DemonSheepInvesting that’s like 90 bucks a year
Well you see in the US you dont go to money money goes to you at least for me in my shopify business I've made 109 dollars in profits just today
EaterOFToast
Do you recommend starting shopify today? Or has it become way too saturated to even bother trying?
I agree the house was the best purchase.
BUT with essentially no money left how will he maintain it. What about the taxes? I hope this kid is ok in 5, 10 years.
Thankfully he isn't in California or some other crazy taxed state, so he can afford the property taxes, even if he is making minimum wage
He also invested in equipment to start a RUclips channel plus thanks to mr beast and now graham here, he isn’t starting with 0 subscribers. Also he has 50,000 leftover for investments. If he plays his cards right, he’ll never work a job again.
Kevin Torres you’re talking as if he’s just a random guy on the internet. Mr. Beast already makes a living off of youtube through ad revenue and merch, where do you think all this money came from?
@@eresoup7229 you have no idea who the heck we are talking about do you? 😂😂😂 Boy you're dumb as hell
So, what's his channel called?
"spend 10 grand and invest the 500k", sounds like a Graham Stephan show 😂😜
With that money it could buy you 2.5 million iced coffes are only 100k starbucks coffee
@@AndrewLaMonica1 you mean 4 starbucks coffre
Nah, more like spend $10 and Invest the rest.
I dislocated my knee. Still smashed the like button.
Thanks!!
🤣
Noooiccce
Gerardo Ortega why couldn’t you like the video even with a dislocated knee, in pretty sure your knee is on your leg not your arm mate.
One thing I learnt from this was hire a CPA.
I wouldn't care about if the content is boring or not not trying to live paycheck to paycheck for something I spent on someone else (family or friends). Like the personal advice from Graham.
It could have been a requirement before entering the competition.
I would have bought 2 houses
Gabe A Every choice is okey. You decide how you want to live your life. So respect always.
Mr Beast Earns average of 600k a month. He done the 1m dollar series cause of the team trees money maybe..
@@mazzar9633 maybe. But for the guy winning the money.
Damn... the govt took almost half. Jesus christ
yeah its bullshit
@@ryangee890 no it's not, the public probably get that money spent on themselves.
@@Aj-tu4gv whatever you wanna tell yourself lmao
@@Aj-tu4gv yeah but what if you made a million and government took half to give people who don't work money... Does that make sense?
@@ryangee890 yeah that's bull.
I see mr. beast I smash like, I see graham i smash like. I see both, and now I gotta watch this on my laptop...
"The IRS wants their fair share"....yeah because 50% of a gift that didn't require the government to be involved in any way is "fair" 🙄
well mr. beast would have had to pay the tax on it if he kept it, so as long as it's a write off to him- someone's gotta pay it ya know?
@@reiko57 yeah accept they tax a gift higher than they do income. That's insane.
So true
That's why the government should all die :)
@@arisongrey0 *the FBI has entered the chat*
Graham: “yes this video is monetized so there will be annoying ads throughout”
5 seconds later ..
Ad: hey boo heeeyyy👋🏽
I read that last line in Madea"s voice XD
In case you don't know who "Madea" is: ruclips.net/video/XTFoGhoZE9M/видео.html
RUclips should show me the same ads it shows you
I got a Home Depot ad
@@intagiblemist9676 targeted ads bud
@@franciscoholdman929 :-D RUclips was paying attention & showed me the ad
I choose you as my cpa, when do we start?
"There are going to be ads"
Me, a premium user: is this some sort of peasant joke I am too rich to understand?
🤣🤣
Me a modded RUclips user: laughing in sneak
Leviathan Ctfu rr
Haha
It's not that many likes on this comment.
I feel myself like a 1%
the ONLY disadvantage of watching Graham are all the 'Get Rich Quick' scam ads...
“The IRS” and “fair share” should never be used in the same sentence.
I want my fair share of my income, but the IRS doesn’t allow me to have it.
Does that work ?
@@youtubeepicuser4209 yes
😂😂
You know the revenue earned in the United States is only because the United States made it possible, right? Military, health, and social systems put into place to make economic growth and stability possible for ancestors and everyone else today? IRS collects that revenue to keep it going so people who happen to be raised comfier don’t have as much of an advantage as compound interest over generations already gives them. For those who don’t understand why it’s necessary, you’ve clearly never studied the history France and other similar economic gap issues lol
@@brycecarlson3395 Why is it someone else's responsibility to provide for another person when they don't want to. What does the government do to provide economic growth, minimum wage destroys small businesses, copyright laws hamper competition and taxes prevent economic growth. The only example i can think of is lobbying which is inherently corrupt and war bonds
That video was a case study on why "wealth inequality" is the natural state of things. Give most people enough cash to have a 1% level net worth and five years and most of them would probably be back to where they started and complaining about how the money ruined their life.
Also, the 4% rule's probability of success drops off significantly for windows longer than 20 years.
or educate everyone equally and people will understand this type of thing. With the current education system anyone who goes through a more expensive option will be at an advantage, but that shouldn't be the case
@jchc VV Ben Felix has a video called "The 4% Rule for Retirement (FIRE)" on his RUclips channel that goes into depth on this. It's worth checking out if you're interested.
Anyway, the idea is that the analysis that produced that rule was targeted at a certain withdrawal period. When your withdrawal period exceeds the original one the probability of running out of money before dying increases. Also, things have changed in the market since that research was done. 4% may not be a safe withdrawal rate for a portfolio with the original 50/50 asset mix.
@@tatyboy1337 I was watching an interview with some American military commander recently and he was talking about how the armed forces have transitioned from wanting people that can follow directions to wanting people that can be given a mission and figure out how to get it done in a rapidly changing environment without much oversight/input from command.
The armed forces aren't alone. We do not need to better spoon feed people instructions for how to get through life. Those instructions are almost guaranteed to be stale by the time you put them to use. We need people that are capable of figuring out what they need to do to get to their goal in a changing environment. That's not an education problem. If it were an education problem the armed forces would be able to train people for that quality rather than having to search for them.
BTrain5489 lmao the armed forces will try to take on anyone they can get their hands on...
@@BTrain-is8ch jesus alright tory
I applaud Mr.Beast for giving a way 1 million dollars!
but it was wrong to pressure the winner to spend his money in one day just for a video.
I have a feeling it was a condition of winning - if you win, you need to spend it for a video. I'd take that any day haha
@@GrahamStephan would you sell him a house if he told you that he has 24 hours?
Yea man I totally agree
I will wouldn't of spent all that time trying to win. If I had to spend it in 24hrs. I would of took the $5k he offered in the first vid
@1234coolman the person who gave them the money?
Graham: the GMC and BMW are going to last some time
*Scotty Kilmer wants to know your location*
GMC Yukon is quite reliable
VileStorms I have owned multiple BMWs and if you keep up with basic maintenance they are very reliable. 2 I got from my parents and both were double digits years old with over 150k miles each when I donated them to charity for a tax write off. My current BMW I bought as a low mileage used car. The only major issue I have had was basically a spark plug went bad and one of the cylinders wasn’t firing. But it cost less than $300 to fix it.
Just pray you never have to replace a starter. On one of my old cars I had to do that and it cost $1500, mostly labor because they had to remove the engine to get to it. That repair bill hurt.
@@lintasare good for you, but I know quite a few people constantly wrenching on them. Also on the older ones you can see heavy rust.
@@lintasare 150k miles? That's weak most Toyotas get 500k or even one million miles.
VileStorms BMW 3 serie is pretty decent. Germans sure know how to make cars
Sorry but I think most of the purchases were a bit much. Especially buying new cars and electronics makes no sense since in 5 years they will be worthless.
Yeah but like treat yo' self
Ya, 5 years
It's not even the depreciation of the cars that hurts. It's that he replaced his rent payment with property taxes and car insurance while having the same income.
@@yukigawa3163 some that are not educated do not realize when you own a $200k house you can pay $600 a month in taxes and insurance or more in Texas. You are right that bills may not actually go down much. How about a 4-plex and live off the income for life? That is how I think.
On the other hand I am up 115% in market this year.
@@mecheckraise Other people are stupid. You are smart. You're 115% up in market this year.
Got it.
You are your severely broken grammar are better (and more wealthy) than everyone else on this internet forum.
That idea of locking it away for a year is genius. Gives you a whole year to consider the best ways of spending it and realizing just how little it is
Agreed!
If I had $1,000,000 to spend in 1 day. I’d just buy $1,000,000 of Gold Bullion and sell it the next day so I can take my time and actually do something smart with the money lol.
I mean you can t argue it isn’t gonna lose its value
Ikr.... id Buy a house in a different neighborhood where nobody knows me then use all the money to buy Gold bullions and just keep a couple thousand dollars for expenses.. i think Its a good strategy Because you could then decide if you want to keep it until gold price increase or just sell it back so you could invest it
CXM The Greatest That would lose a lot of money bc you can’t find a buyer that will pay the full value.
@@aaronsatko3642 You don't know much about bullion do you...
@@FerventReminder idek what a bullion is much less the sell price
I love this guy he knows everything and he teaches me things I never knew about
🙌🏼
Good friend of mine had a worker for his company (He was the CEO of our county's largest company), had a guy win the lottery. Immediately retired any my CEO friend kept track of what happened. Spent his way into oblivion and now has a singlewide trailer in the local MHP he can't afford. Sold his pension to a 3rd party company to try and get out of the debt he had amassed after lifestyle creep to the million dollar stage, only gets subsistence living anymore by mowing yards.
Before I found your channel I would always say if I ever win big, I will buy a house and a car. But now, my mind changed. Now I say, if I ever win big I will start investing, so instead of it going down it will go up, and then I'll go ahead and spend.
Or just buy a cheap house and cheap car and invest the rest. Where I live you can get a very modest house in a modest neighborhood for 50-80k.
Yeah. Definetly changed how I think of winning big. Honestly practically invest it all and then the money that money generates would be spent but then I would still work till enough of that money makes enough money on it's own to maintain a comfortable life with some luxuries with some left over to keep investing. That would be ideal. But that's a lot of investmented money.
@@edwardrhoads7283 nah I prefer to invest a portion and keep working on my normal job. When I see it grow I'll buy a decent house and keep investing, then I'll buy a car and continue on investing, until I have enough money to retire without worrying about my future.
A house could be a good investment..if you get a good deal on it..plus no more rent.. A car could also be good..if you buy a nice classic
@@leti_AR When you upgrade your house from an 80k one to a 300k one just keep the 80k house and rent it out. You won't be paying rent when you are in the 80k house the returns on that would be pretty good just for what you save in rent. We have some areas here where that 80k house will get you 600 a month cash flow.
As heartwarming and beautiful this story is, this is a prime example of what makes poor people stay poor.
Thanks for the feedback.....for more information *+1/6./1./.7../4./..6./..5./..5.../3../4../7*
W •H•A•T•S•A•P•P.••••M•E 🔅 🔅...........
Yes
Want to make 1 mil off RUclips? Make a video about another guy spending 1 mil on RUclips. Absolutely genius. Hats off to your Mr Stephan. You’re at it again.
Well gosh guys. If you have any time at all give me some constructive criticism on what I could do better on my first vid. Thanks🤗
You got it!
He's a smarr guy
Black Vito - Moneyology I’m actually his son. Check out the resemblance.
@@GrahamStephan You're speaking and making content at a niche that its CMP and CPC value is at least 5 times the average.
give me a message Graham if u found the time . I have some things that I think you might find interesting
Alex Zim Finance you mean Mr. Stephenson right?
U smart. Pointed out Mr Beast did a great thing before pointing out what you disagreed with. This was also a very fair thing to do because if only the bad decisions were pointed out, we know that there would be some viewers that wouldn't see the big picture. Well made video my dude.
Agreed, tried to make it as balanced as possible!
Should’ve put $420,000 of it into TSLA 😔
Nicholas Nelson $420,069
Nicholas Nelson agree
Nicholas Nelson - I believe TSLA is going over $2000 per share, in time.
into dogecoin
Should have bought $420 million worth on margin with Robinhood.
“There’s no way around taxes”
*The U.K. has entered the chat*
lacari0 why aha
They dont pay taxes?
@@18aplateindoors Not on winnings
@@maleperson2449 I'm moving to the UK, any suggestions where?
@@kenissken
Depends. London or Bristol are the best cities imo but as a general rule the further south you go the nicer and better off it is. But for the most part homes are consequentially more expensive.
Where are you coming from? 😃
The problem is the spending timeframe.
You just simply cannot buy something sustainable in this time.
Agreed, 24 hours is difficult!
Yea that’s what I thought, how u can decide how to invest that money in 24 hours
The "in 24 hours" wasn't actually a requirement, they cleared that up at the end..
Deutschehordenelite danke!
Wolf of Dubai Stocks Investing Channel the exact comment I left on Mr. Beasts video. They should have give him more time to research for better homes or better vehicles.
Ads: Exist
Me: YT premium
Trees: am is joke to you?
Imagine paying to remove ads lmao
Waderminator youtube music worth it
Same dude 😅😅
Jay Sun 100% worth it
Waderminator, my goals are beyond your understanding.
40% depreciation in 5 years, more like 2 years
just going of the lot it drops a few thousands. but they(dealer) will sell it at the same price as new lol
More like in 1 year
Graham: Gets upset until Mark buys "safe" Real Estate.
me, a lifelong Kansan: *Laughs in annual tornado siren*
Graham: “yes this video is monetized so there will be annoying ads throughout”
Me: *laughs in AdBlock*
Razvan Rusu lmaooo same
Laught in RUclips premium
(That is extremely cheap in my country)
Laughs in RUclips Vanced
@@TheDsasadsad It's like 1$ per month in my country.
Laughs in RUclips Vanced with 2 months free RUclips premium
Imagine living in a country where you'd literally get 1 million and lose half because of taxes and still not even have universal healthcare .
Darknud you do realize every country with universal health care has higher taxes
@@johnjarosinski101 Tax in the UK is 435,000.00 on 1M and we have free healthcare.
you might have free healthcare but at least we dont have to wait hours just to see a doctor. free healthcare sucks, why do you think private schools are better than public schools......because you have to pay to get in a private school.
@@kennethmer9495 I can ring the doctors at 8AM and have an appointment for 8:30AM.
I live with universal health care and free education and would tax 30% on that amount lol, USA is weird
Alexa, set an alarm for Graham’s 3:30 upload
*Graham: uploads at 12*
Haha gotcha!
If I have $1 000,000 I would invest in real estate or stocks, 99% of Americans don't have money saved or invested and all they do is spend and live from pay check to pay check, stop chasing that millionaire status, invest wisely and it will come to you :-)
Crucial facts!
Well that's smart but investing today is a hard thing to do because people have no idea on what and where to invest
@@cryptobanter8301no doubt. I equally had this problem of choice of Investment plan months ago when I had much capital with me but I did inquiries and I invested rightly and fortunately the outcome was very huge
@@cryptobanter8301 Yes of course, Investment plans can only be affected by two factors which is right Investment choice and Investment Time
@@rexrandy6193 Tell me about it...
How much profit did you receive?
Please I really want to know, I'm super interested
He could of least bought a toyota, Lexus, or a honda that will last him for a while and not a money pit car such as GMC or bmw
gdl Scotty Kilmer has entered the chat
YESS SOMEONE GETS IT
Facts
Exactly
those BMW are money pits
Imagine if Mark and MrBeast had driven to Vanguard's headquarters with 500K in cash. That's the content I want to see!
Honestly the satisfaction of seeing that monthly growth would be worthy.
That's would be the best way to become financially free. But what I saw, I'm disappointed 😥
Can someone explain this?
Hi @@Pinnjaaa !
The Vanguard Group is a financial institution which is a popular place for everyday people to invest. They are famous for their low cost stock index funds, a topic which Graham has made some excellent videos about!
After opening an account with Vanguard, people get money into their account using a electronic transfer from another bank or brokerage, mailing in a check, or from an automated paycheck deposit. No one invests at Vanguard by going to their office building with a truckload of cash. I doubt they would accept it or even let you in the front door!
But the idea is funny because it is outrageous. Kinda like paying for college with a briefcase of cash! It is the kind of stunt that MrBeast is known for. I think it could have been a way for Mark to invest most of the money while at the same time allowing MrBeast to create an amusing video for his fans to watch.
Like Graham and many commenters here, I lament that Mark did not invest more of his winnings to set himself up for an easier life. Nothing is more exciting than growing your money by investing. But alas, investing just doesn't look as exciting on camera as buying new stuff at Best Buy.
will hf Thanks for explaining!
The problem with spending $1,000,000 in 24 hours:
Twenty four hours later, you don't have $1,000,000. Video over.
:O
He should’ve let him keep the money, instead of forcing him to spend it in 24hrs
Imagining this guy just saying "nah, I think im just guna save and invest this, you're going to have to figure out a different video"
You can buy a lot of avocado toast and coffee with $1 million
Yup
I mean if we’re being honest I felt like Mr Beast was forcing him to go and spend the money
Exactly what i was thinking more content
he had to spend it quickly so people can believe that the guy got 1m$
He has to make back his money from it through more views
Apparently those were the conditions tho. So they knew what they were getting themselves into
I might’ve bought a home for $400K (I live in CA so that’s a modest 3 bedroom house) and “saved” the rest. Or if forced to spend the rest of it, buy gold?
the fastest way to spend money in america is going to a hospital
:)
I’m only in 6th grade and 12 yrs old, I can’t wait to use these tactics.
Yeah by the time you are 20 your probably going to be a wealthy boi
Speaking from experience, take full advantage of any help your parents are willing to give you in the up-coming years. It will give you a massive head-start.
I’m 15 and I sincerely want us both to succeed in the future ;)
@Puppy and Baby Action not with that pfp
Lilprince 6th grade your getting old ur teeth r falling
If I was him I would just return majority of the stuff after the cameras are gone and invest the rest after watching Graham
That's what I was thinking. I would return the items after everything was done lol
I would definitely not buy 36.000$ worth of furniture. Nice that it was pending. Long live IKEA!
I feel like thats what happened and only bought it for the video
If I had to spend it all and that was the condition I would spend it all on things with value like gold, a house, a car more gold and rental property. And the. I would sell the gold back after the RUclips video was shot and invest it in index funds
if I were him, I would’ve bought:
A house for myself
3-4 rental properties giving me monthly income for the rest of my life without paying mortgage.
80K for miscellaneous and utility bills and etc.
And half of the rest in $TSLA and the other half in 401K
You are wise
Cut out the first 3 stages. And invest all in TSLA and AMD. Literally can’t go tits up.
Trust me he had no idea he’d have to pay so much in tax by the end of the video. When he realized that his face showed it.
He also almost went over the tax amount and could have ended up in debt in 24hrs lol
underrated comment
As a CPA you won me as a subscriber when you said hire the best CPA out there.
I've never watched your videos but this one came up as recommended. I love how you appreciated the fact that Mark spent it on his family and how generous Mr. Beast is, while also giving some incredibly good advice on how else the money could be spent. Very good video, you've earned another subscriber 👍
Thanks so much!! :)
He's a real one according to his family member 😂
I knew this video was coming haha. Thanks for the great analysis Graham 👍
You got it!
I really like the way how you analyze his spending entirely objectively! Keep producing as awesome videos as you currently do!
No one:
Graham Stephan: *so lets address the elephant in the room*
And?
So?
@@davidismdumdu I think that was a joke
Dude Meet Kevin is ridiculously quick.
I know, I can't keep up with that - I spent 6 hours just planning out this video alone!
@@GrahamStephan that's why your content is quality that I look forward to.
@@GrahamStephan you are a legend Graham! 💪
Mr Beast 1 year from now: giving away $10 million
that's half his networth don't think that will happrn
Well he is a smart investor so he could grow his net worth and it was just a joke
@@thebillmasta3236 i thought you were some kid i took you seriously
@@CaptainJunior 10 years i doubt hed have the same wealth
Hey Graham, nice content as always, and 6 months later this comment may not be seen. Wanted to throw this out there though: at 13:50 - the psychological aspects of paying off your mortgage are significant, and it does provide safety and security. However, generally speaking, conservative investments will yield greater returns than the interest on most modern mortgages. I mention this only for consistency - throughout the video you bring up very valid points about depreciation (such as of cars) and the trade-off between short-term purchasing and long term investment gains. The recommendation to pay off a mortgage in full at the end is slightly inconsistent.
Solely from the perspective of maximizing financial returns, the mode prudent route is to refinance into a low-interest rate long-term loan, potentially buying the rate down slightly further, and then investing conservatively. If your intention is not to retain ownership of the home, an alternate "straddle" approach would be a shorter-term, lower-interest rate loan, using the returns from a conservative investment strategy to bolster net gains over that period.
40% and there's not even healthcare included...
That is Freedom country for you.
@@ExcelonTheFourthAvalonHeirs having high taxes is ok as long as you get something in return, it's a godamn scam
40% to policing the world.
"this is america" lul
If you had your silly "free healthcare," the tax rate would be closer to 90%. Learn how money works before you go around demanding everything for free.
When mr beast explained taxes:
Graham Stephan liked that
$1M = 5 Million 20 Cent Iced Coffees
50 million 20 cent iced coffees
@@nickwright6759 ?
Nick Wright 5x20c=$1 so 5 million was correct
Graham: There will be ads for teamtree
Me: Laughing with RUclips Premium 😅
Guy buys a house and 2 cars, but forgets about house and car maintenance costs SMH
greentealatte that’s what he kept the $23,000 miscellaneous budget for
Yeah the house was ok as it gets rid of the cost of rent. But the cars were excessively expensive.
Should honestly sell them now and get cheaper/fuel efficient cars
@@basil8474 23k is gonna be blown when he as to pay property taxes and impatience on his cars.
@@slapdashzeal6095 property taxes are the last worry as itll probably end up being less then 500 dollars a month depending on where he lives they can all work save money and not worry about rent that in itself helps alot for the situation he was in.
Haha, I don't know how I would spend that much money lol Probably buy more real estate. Totally agree with hiring the best CPA.
As Christmas is right around the corner I have a question and hope you can address it in a future video. You are very frugal, so do you give cheaper gifts or do you splurge on gifts for family members and your girlfriend? Thank you!
I'm not him obviously, but id say cheaper gifts for people less significant, and more expensive for the most important. He seems pretty practical and realistic.
I know he's a millionaire but I highly doubt he spends more than $500-$1,000 on gifts.
Maybe $20 toys here and there, $50-$100 jacket, shoes, whatever, and that's it.
That's just my opinion, if you view that as 'splurging' or 'normal' or 'cheap' is up to you and your perception, but realistically presents only go so far, you don't want to be that guy showing up everyone.
I'm also sure he's blown a couple K on a gift for his mom/dad/SO as a present, but I doubt its annually.
Well, my mom once told me the best gift she ever got was from my dad when they were broke, it was like a camping trip or something like that to a place she used to go as a kid a lot, anyways, it wasn't expensive, like less $25 just for the gas, but it showed that he genuinely thought about her and picked something out that he knew had sentimental/emotional value to her. I think that's really what matters for people close to you, get them something that genuinely shows that you think about them and remember details about them, like if they're really into gardening for example, get something related to gardening for them, or if they're about to move into a new place get something cool for them to put up on their wall, stuff like that. Also, usually people are pretty understanding when it comes to gifts, if you make $10k a year a $50 gift for someone really close to you is fine, conversely if you make $10m a year then a $50 gift will probably seem cheap unless it has a lot of emotional value to the person.
"The IRS wants their fair share" lmao. "Fair" ya. Right.
Yeah
Man I still remember when all Mr Beast used to do was make fun of children’s intros, he truly has stuck to the grind
Working as a financial planner for ultra high net worth families, I’ve become so desensitized to large amounts of money that I honestly think I would be so prepared to get a windfall like that. -Akeiva
Sure you do
Graham I absolutely love how you break it down and hold nothing back.
You got it! I really tried to be as balanced as possible, because what Mr Beast did was absolutely life changing for Mark!
I agree!
This is kinda unfair cuz didnt Mr Beast already pay taxes on the 1 Million? (When he earned it)
But he can't just give it too him, since they were competing who ever won still had to pay taxes, irs always wants some of it
As Mr Beast is giving it away, it's considered a business expense on his end, so he gets the tax he would have paid on that $1m back, leaving old mate to pay the taxes upon receipt.
@@thebotspecialist oohhh, thank youu didn't know
Him: explains
My brain:
Edit: I still watched it anyways, knowing never hurts.
You should go talk to the guy that won the money and give him financial advice.
If he reaches out, more than happy to help!
Its a bit too late for that lol
@@GrahamStephan MANNTONICE is his youtube channel
Now the question becomes is there any possible way to buy assets that appreciate instead of the electronics, cars, and ring, while at the same time making an over-the-top spending video? How about 1) home to live in, 2) rental home, 3) antique furniture that holds its value, 4) a used luxury vehicle or two that hold value or even increase, 5) for gifts, he could buy gold coins that can be sold later, or treasury bonds. I don't know, if it could be done, but maybe?
Jewellery, watches, art and even wines/champagnes/liquers etc. can all make good investments
Gifts could even be Rolex or other Watches or things which hold their worth. Cars? Buy a Ferrari F355 or Lambo Murcielago which will most likely increase in value as a weekend car and as the main car a classic rather „cheap“ BMW or something which will also not lose value. Homes. Choose one or two and get a good deal for that location. Sure, buy some electronics why not. You don’t have to invest everything and be greedy but invest at least 50% of that money. It’s free money you wouldn’t have had anyways. Give some to charity. That’d still be a good video tbh
@@andremakris3061 that's why "materialistic" investments are sometimes better. Positives are that you get to enjoy your investment, i.e. wearing your watch every day, and the return in value can still match the best investment funds. They're also fairly liquid, unlike bank bonds which most of the time wont let you touch the bond for years, whereas watches are pretty easy to sell
I volunteer for this video.
Plot twist: the mr beast channel is just a giant money laundering scheme
Who else feels smarter after this vid ( oh just me /:
“A million of ads”
There are only 3 ads in this video
0 for me
@@01dom hehe same
@@d1ks4u i did not even have ad block
5 ads
4 ads bud
The way how you said welcome I was really pleased and for this politeness I subbed
Btw I am new to your channel
"These cars are built to last" lol Graham he bought a GM product and a non-german made bmw 🤣
i was thinking the same thing
I am surprised nobody pointing this out, the high of spending that amount of money on the person's mental well being, your view of money can change much, even if you are not aware of it. It reminds me of the time they gave homeless person money, I forgot how much, but he ends back on the street again after a while.
Very true
Hi
Yup that's why Graham said put the money away for the first year
Saw that documentary it was 100k.
@@edwardrhoads7283 what documentary is it?