I only started making money when I got a summer job. My parents never made me pay rent and they helped me get my first car. Didn’t need a monthly allowance.
@@Asdfqwerty12341 Yup. Every week I work 50 hours Roofing for 25$ an hour. And on Friday after tax I only make 937$. Saturday comes around I pay bills and only have 200$ left for gas and lunch for work for the next week. I been stuck like this living paycheck to paycheck since I turned 16. I am 33 now. I have nothing to show for it. I have a 2018 kia Forte I just paid off. I bought brand new. I live with my brother and he rents a tiny barn. For 1350$ a month. My bro and I work for the same boss.
Didint have allowance. Started working on farm along side of school at age of 12. To be honest, school didint go well. I mostly just slept on classes but im not at worst situation rigth now since worked and managed to save some money before expences started rolling.
'He's right, when I was a kid I did the same like' 1. Crime (pirating + tax evasion) 2. Another Crime (intellectual infringement + tax evasion) 3. Another Crime (tax evasion) 4. Another Crime (Distribution of fireworks to minors + tax evasion) Zack on that grind
You are making fun of this, but i have been criticised many times that i should own my own apartment by people who do. With firstly - you should get out of your parents house and live alone in your 20s, and then - you are fool for paying rent to other people. Every single time someone told me this, it was a person who either inherited their house or parents bough it for him.
@@xlukas93Lived with my family until 23, started paying rent when I graduated high-school. Had to have a full blown career before I could afford to move out lmao
I thought rich kids got thousands a month as allowance. What's the typically teenager allowance nowadays anyway? I remember getting 5 bucks a day as a kid /teen
I didn't get an allowance because I grew up in a poor environment. My way of making money as a teenager was selling candy, and cigarettes. I didn't make a bunch, but it helped. And at 15 I was making $7.25 an hour on my first job, at the only place that would hire me, an ice cream shop. I was making just barely over $200 after taxes every two weeks. And every red cent was spent on keeping a roof over our heads, and food in my families stomach. That was back in 2012. There was no such thing as saving money.
Exactly the same for me. Any "fun money" I had was enough to buy gas to get me to the next town over, so that I could walk around the mall for a couple hours on the weekend
@@darthsilversith667 because my dad was a deadbeat, and my mother is disabled. Section 8 only takes care of so much in rent, and Food stamps was giving her about $300 a month for herself, me and my brother.
If you're skilled and willing to take some risks, step 1 is not hard to figure out at all. Take a welding class and live on an oil rig for a few years, you're not an instant millionaire but you will be a millionaire.
As a 30 year old I often don’t have $300 a month extra in my bank account after all the bills are paid. This is like a fish giving swimming lessons. “Just breathe through your gills and whip your tail and fins.”
Yup. Every week I work 50 hours Roofing for 25$ an hour. And on Friday after tax I only make 937$. Saturday comes around I pay bills and only have 200$ left for gas and lunch for work for the next week. I been stuck like this living paycheck to paycheck since I turned 16. I am 33 now. I have nothing to show for it. I have a 2018 kia Forte I just paid off. I bought brand new. I live with my brother and he rents a tiny barn. For 1350$ a month. My bro and I work for the same boss
Asmongold: There are a million ways kids can make money. then proceeds to reveal that all the money he made as a kid was with SCAMMINg, doing ILLEGAL SALES, or simply STEALING :D
@@WitkowskisFishingSickness your bring home is 4,000 a month and you share a place that's 1350 a month.. so 675 a month from you... insurance at 33 as a male unless you have an avalanche of accidents, probably less than 100 a month. car is paid off, 2018 kia was probably running you 300 a month brand new, so we're at your car and rent being paid off with 1 week each month. bud. unless you are spending 3,000 a month on drugs / takeout - you're full of it.
@@davidzambrano9126 Gross generalization, in fact the majority of millionaires are self made, and wealth on any magnitude only lasts 3 generations at most.
I sit like that all the time. I am also thin; doubt fat people sit like that. 3 jobs, never cheat on customers, always going for the stable long-term money. Always hated those stupid trust issue explanation. My mom was like, your friends' feet stink, (constantly played football) do not hang out with him. Everyone who has a scar on the face is a psycho. I do not say you should not consider them, but relying on them to evaluate a person on 1 trait is really stupid. You notice multiple traits and the summarization of 5 to 10 different traits give you a real person. A guest rents a room in my house. If he has a dirty car there is a high percentage that he will leave the room dirty. That it is not always the case. But if he has dirty clothes, stinks and has a dirty car then I will need to use high grade chemicals to clean after him. I agree that this kind of sitting stile is not an appropriate behavior in other people's home, and I would not do it in front of strangers. It is just comfortable to me to sit like that.
"Luck gets you to success, hard work lets you keep it" is a quote i probably heard somewhere, but I don't recall when, where, or who, so I'm gonna say I thought it up just now
Take your $300/mo and invest that into real estate like lemonade stands, tree houses, and secret bases. Avoid assets that diminish in value like Ring pops or candy necklaces. Be warned that vehicles like the tricycle and the Little Tikes Cozy Coupe immediately lose some value the moment you shuffle off the lot.
I opted out of investing in treehouses due to them typically banning girls from entering. I don't see how half the potential customers could ever be a smart investment choice. However, I made a goddamn fortune by investing in cool sticks in the woods.
I can't believe the guy didn't bring up how Grant went on a reality show where he had nothing but a truck and $100 and had to make a million dollar business in a few months and his "strategies" utterly failed. Only way he was able to accomplish anything in the end was because cameras were around, otherwise everyone would've said no.
I want to point out that this is the reason why massive company owners, especially in the gaming industry, have no idea why or what the customer actually wants. They just dont live in the same world as us.
I think I agree with your point if you are purely talking about the idea of "living in a different world". There is nothing inherent to enjoying a video game, product, or service that changes solely based on socioeconomic status.
To be fair, guys like this are insincere grifters *pretending* to be something they're not. They want to act like they're the corporate elite, but they're sleazy scumbags. You can immediately spot the unkempt beards and I'll fitting suits. Yes, the corporate elite are our of touch, but in a different way. This dude does not represent your average investor or corporate executive. He's just an upscaled version of the guy who tries to sell you a $10 CD for $15 at the local strip mall. He does it with useless course instead.
@@libervitaexaltis4551 Studies have been done that being "the corporate elite" and being a sleazy scumbag actually coincides more often than not though.
Grants rule to get rich; Step one: have an extremely wealthy father who gives you a over 100k allowance that isn't an allowance but is an allowance. There is no step two.
Have a father that owns a company, that way, you dont have to get an allowance, you just "work" at his company, getting 100-1000x the amount of money your dad would pay anyone else for this "job".
@@Albertrossus What she said she does is "help people around the office". Umm, sounds like an internship. He probably wouldn't even pay anyone else for that same work, he'd just get an unpaid intern.
Work or do something I sold gold in games and accounts to make money on the side. It was way more then 300 a month. His audience is upper middle class. ( if you are still struggling follow me I help people in third world countries change their lives and help people all legit and all video games you test early access and get rewarded for it) If you start reporting bugs properly and stay active they hire people as discord moderators.
A video game was a birthday or christmas present for me as well, the only way I'd be able to afford one a year was to save up throughout the year. My allowance was anywhere from, ironically, 0 to 20 dollars every 2 weeks as my parents got paid bi-weekly. How much I'd get would depend on how I acted, if I did all my chores, If I behaved in school and If my parents had enough excess income for me to get my allowance, which they didn't all the time.
I love how Asmond describing his side hustles growing up is literally just all illegal/blackhat schemes like selling test answers and fireworks ahahah.
Crime does pay as long as you're moderately good at it and don't get caught. 'Crime doesn't pay' is just easier to teach to children than 'Crime erodes the fabric of trust in your community over time and victimizes people who may not necessarily deserve it'.
@@dorjjodvobatkhuu6457 To be fair, a lot of bills happen to come out at the beginning of the month. Its the middle of the month when I have the most money.
31, just got my own house. It's funny seeing this kind of delusion. 300 dollars a month XD. When I was 16 I got zero dollars a month from both my parents. If you are a minor getting 300 dollars a month from a parent they mostly have a house waiting for you already.
@@justanobody0 Yes it is, have you seen the videos of cops busting kids lemonade stands for not registering their business with the government? So their options were register and pay the fees and taxes involved or shut down.
@@Neonagi by that logic you'd probably argue garage sales are illegal, but I've seen them everywhere I've ever lived and guess what, I've seen kids running lemonade stands selling lemonade for cheap at the garage sale oh the horror
@@justanobody0 It's not my logic, it's the government's, and you are supposed to declare your sales from a garage sale if you gain more money than you paid for the item under capital gains tax, but nobody does, for obvious reasons.
"My child is lucky to live in my house" is the most ridiculous and out of touch statement I've heard in years. A child is the responsibility of a parent at the very least until they turn 18.
No, but like... he's one of the few people who could say that. He is obligated to house her, he is not obligated to have a mansion, stocked with the fanciest food, with the fanciest cars, and likely lots of staff to take care of them. She is **absolutely** lucky that she lives in **his** house, and not the one the rest of us grew up in.
"Every 15 year old should do this with their allowance." "I reward her, if one of these tik toks gets 10 million views I'll give her $10,000." Not "every 15 year old" has the opportunities this girl has. For someone to be trying to tell kids what to do with their money, while also bragging about giving tens of thousands of dollars to his daughter is so out of pocket it almost reminds me of covid.
My girlfriend had 50k due to her grandparents and until she started dating me she thought she was broke and that most adults are millionaires it’s crazy what people think lol
The only reason I did was because my mother saved up money for me since before I was born, even then that money was *only* to be used to pay for school. But I'm an outlier because most 15 year olds don't have that as you said.
One thing that never gets mentioned...these people buying real estate as investments are often seen as smart or glorious even. But do we realize, the more people snatch up houses and use them for profit, the harder it is for people to own homes? These are actually parasites that cause housing inflation. Some of these people own 100s or 1000s of homes.
even worse are the companies that take taxpayer bailout money back in 2008 and uses it to buy up millions of houses only to spit in the taxpayers' face. taking taxpayer money to screw over taxpayers should be a crime worthy of death sentence yet we have subhumans who tries to support these corpos and think they did nothing wrong.
of course they realize that, that is EXACTLY THE REASON THEY ARE A GOOD INVESTEMENT. (imho: it's ok when individuals do it they can't own that many anyway, 1000s of homes is nothing IRL, but companies? hell no, those can buy billions of homes)
I just don’t get why rich people need to feed into their narcissism even more. Not only are they incredibly wealthy, but everyone who ISNT wealthy isn’t doing what they are supposed to, they didn’t buy property at 15 😂
Do you remember being 15 and getting an allowance?😂 cause I don't. I remember doing jobs for like 5-20 bucks a pop and even when doing the jobs I didn't get pay at times 🤷♂️😂 but according to him, we shoulda been investing in real estates during that timeline
Having an absolute shitbox as a first car was actually part of the fun. Dents? Scratches? Anything broken? Who gives a shit. We just had fun and it was a great time. With an expensive car I would have been constantly stressed about it getting damaged.
I inherited the 20 year old family shitbox when I started driving regularly just as my sister did before me, and it is an absolutely dream to drive. Not because it's smooth or in good condition, but because that car can take a beating and I didn't have to worry when it did. I'll actually be pretty sad once my family decides to get me a newer car because I've grown a bit attached to the shittiness.
In my state they tightened the inspection sticker rules to the point kids can't start with a clunker anymore. Body rust=FAIL. Dirty exhaust=FAIL. Broken door held shut by twine=FAIL. The end of an era.
My allowance was 0 until i turned 18 and start to work. My parents had the mentality of reminding me that "i'm lucky to live for free in their house". So no, i never seen had nor received any money in my kid/teenager life. But even if i have never touched money during my teen time, it still teached me in a way to be very careful with money.
Is anyone else going to call out the most obvious thing? That in most states, your required to be legal adult age to purchase a plot of land or a building.
How does a minor purchase property. They're a minor. The can't legally enter into a contract. It would have to be in their parents name. And what parent would accept that type of risk? And, what person or business would even sell property to a minor? How would they insure that property since a minor can't enter into a legal contract?
My dad stole this bit from the boondocks when i asked about an allowance for the first time. He said, "I allow you to live here. I allow you to eat my food and breathe my air. You allowed to take out the trash, tho."
I was allowed to clean the family car both in- and outside, was allowed to walk the dogs and help mom cook dinner, and that was just the first two hours of being home from school 😂
So you're teaching your kid how to work for free. Congratulations, they'll settle for fast food work when they grow up, and they won't know how to negotiate a pay raise. Great fuckin' job, bro.
That poor girl is going to grow up to be the type that pours their ragu pasta over a waitress's head because there was a little bit too much Parmesan cheese. Goes to a bar with her friends screaming and shouting being obnoxious, spends $15,000 on champagne, and then refuses to tip the waiter because if he wanted more money he should work harder and not have a crappy job.
not necessarily. i think she'll probably be someone who is in a car with her normie friend, then they crash and then she wonders why her friend is crying, "just buy a new car?! chill out". not understanding that her friend doesnt have the money and that the car may also had sentimental value to them. or when her friend is getting fired and cries, "huh? why you crying? just ask your dad for a new job. .... he cant give you a job? well then he just gives you many until you have a new job. dont be dramatic -.-" just spoiled and out of touch :X
i agreed with your comment until the tipping part the part where she talks down is bad but no one should need to tip stop signing contracts where in you get treated like shit and have to rely on the kindness of strangers for hand outs for basicly doing the job you signed a contract by your free will and choice they keep making these contracts because people keep signing up for it in most countries the staff of a restaurant isnt being on life support of handouts but get a wage for their job that pays them
@@linkimpark1 yes exactly this. Got fired from your job? Well take this opportunity to have a one year long lavish world wide vacation, that is what I did when I quit my job, I had to unwind, rethink, and experience the world. Oh, your rent is due by the end of this month? Then just go to one of your parents vacation homes. Your parents don't have any homes? Well they should just buy some. I don't understand why people just rent when buying is so much easier, you don't have to pay rent at the end of every month and you can do what you want with the place. My parents bought me a 7 million dollar studio apartment in new York when they knew I wanted to be a regular visitor, I fly their first class a couple times a year.
@@Disneymagic24 so not true dinner in europe average 20 euro average dinner america 50 dollar here the restaurants have enough personel what you just said is just an excuse so they dont have to pay fair wages
As a Brit I got one pound every Saturday at the supermarket to buy sweets. That's just over a dollar for Americans. When I hit 15 my dad started giving me 20 pounds a month to spend however I wanted to teach me the finite nature of money. 5 pounds a week is very little. I spent it on Warhammer. I have been working non stop since 16 and it took me until my mid to late 20s to ever have more than 300$ left at the end of each month. What world do these people live in that $300 a month expendable as a kid to them seems the standard.
King of the Hill told us this shit decades ago. When Kanh is so desperate to be rich he buys VHS tapes for get rich courses. The reality is the way you get rich is to bullshit and sell courses on how2getrich.
I think the best thing about these influencers is that they're always in a studio in front of Shure mics, on a "podcast" that isn't available anywhere. I like to call these Fauxcasts, because there isn't a soul out there who goes out and actually listens to them, they only exist as a stage for the influencer to monologue and get clips
I have a compromise. The influencers vote a certain way until their policies absolutely kill upward mobility, and then they get dragged out of their million dollar properties and are taught via accelerated learning plan what it’s like outside their bubble. All we have to do is wait. What are the influencers gonna do?
They have never lived the live of the average person. That's why they're ignorant about it. Like a certain person once said you need an ID to buy groceries.
This stuff genuinely makes me angry. Im not resentful towards people who are rich, because i think that's a pathetic way to live, but this goes beyond that. It makes me mad to hear some rich kid try to act like she's giving actual advice to other kids on how to be as rich as her, when in reality she's just another spoiled kid with a rich parent that finds excuses to spoil her so she can feel like she's "earned" it. Idk how someone with a brain that's nearly done developing can be this delusional. If her dad went bankrupt she would be broke and have nothing and no way to make money. She doesn't even invest "her" (her dad's) money. He just does it for her and says it's her doing it. She literally just reads a script her dad writes and he technically "gives" (invests) her thousands of dollars for it. Honestly i would be surprised if this isn't some complicated tax scam. "No your honor, i couldnt pay taxes because i didnt make a profit. See, all of these funds went to my daughter as her income, so i actually lost money. Tax fraud? What? No way. Maybe you should watch my course your honor. I'll give you a 9% discount on the first month. You could be as rich as me. Wait why are you cuffing me??? Im rich!!! Im riiiiiiich!!!!! NOOOOOOOO"
This guy gives criminally dangerous advice. For example, he tells people not to put money in their 401k. Insane. Tax advantaged investment accounts like 401ks and Roth IRAs are the best long term investments a normal person can make for retirement. Of course, Grant wants you to take that money, buy his classes, and gamble on real estate. This man is not just mistaken; he’s evil.
well a 401k was a good idea until the country started collapsing and inflation started going crazy. None of you will have anything worth a shit even with the exponential gains.
Completely agree. My neighbor is multi millionaire. Just from putting 50$ a week away, more over time. But minimum 50$ a week since he was 18. His salary was never over 70k a year. He is 70 and super healthy and gets to enjoy. He was just a career mechanic. Bought a house for his family, and for his daughter who paid him rent, who couldn’t get house of her own, so he got it. And had her pay rent. Who is beautiful woman who beat bad addictions and he helped his daughter out. Gave the house to her. He is always outside shining and washing his old chevy. 😂
The stock market has had record growth for several years now. Also, if you look at the history of the stock market, even after major collapses like the housing market or the great depression, the market always bounces back within five years and then proceeds to outperform even the highs of those times. If you aren't retiring within the next 40ish years, a 401k will absolutely make you money and set you up for retirement. The market could crash tomorrow and your 401k will be fine.@@collenjets123
If you think real estate is a gamble then you're an idiot. The only people I have ever seen lose money in real estate are idiots that don't know what theyre buying. This is the exact same thing as people that go antiquing or that resell luxury products. The only people that lose money are idiots that don't know what theyre buying.
outside the comments that you guys made here (totally on point), that $300 allowance is already a sign of a rich family, there is no investment that can securely get you $30 income from a $300 investment in one month. I work in an international investment bank and live in Chile, and the best investment fund of real state gives you about 2% per quarter. That guy's "advicement" is just purely bs.
If you reinvest with same returns, starting with $300 and so after first month, you put the $30 back in etc after about 7 years thats 1 million dollars. And in 10 years its just shy of 28 million dollars. At 15 year mark its $8.5 billion. At 20 year mark its $2.6 trillion. Surely 10% long term monthly gains are possible
@@rykehuss3435 gains tend to be spoken of annually. So if someone says "10%" they mean per year not per month. No one is gaining 10% per month for years at a time.
Have you tried just being rich your entire life? Inheriting a bunch of money? Getting a few million in interest free loans from your parents, and having them introduce you to their rich friends? OMG, it's so easy.
@@foggyvhs8790i don't know how but someone should pull the plug on this whole internet thing. It's fun and all being here. But honestly it's been enough. The internet should go back to research only.
Zoom in, zoom out, zoom out, zoom in, zoom out, zoom in, zoom in, zoom in. zoom out, zoom in, zoom out, zoom out, zoom in, zoom out, zoom out, zoom in, zoom out. All of that, on a still image. Editing, bro. 😂
Not everything has to be nice buddy. Car**one is a dangerous alt righter. I am surprised august the duck gave him a platform to spread his harmful ideas.
This is why I can't wait for a real estate crisis. Sorry if you own a home, real estate investors just irritate me. No higher moral thing, I just don't like them.
Unfortunately, the Fed Gov will never let that happen. They bailed out the rich last time in 08, so they’ll do it again. Remember, nearly 40% of single family homes in the United States are owned by 3 investment firms: Blackrock, Statestreet, and Vanguard.
You don't lose all your money in stocks. You lose around ~50% of the protfolio value every 5 or 10 years (cause every 10 or so years there's a housing bubble, or tech bubble, or depression, or whatever the flavor of the decade is). But if you wait long enough you will get all your money back. In fact, if you have big balls you just keep investing and buying cheap because stocks are now 50% off, and then make even more money later. In 20 years you'll thank your young self. You'll more than double your money. While the dude in the video is delusional (you'll never get 10% monthly return), you will get around ~10% or so (7% accounting for inflation) every *year* (not month). And yes, a 15 year old kid can save $100 or more a month if they work a bit. Maybe even $500 if the kid can hustle.
My first car was a 1994 Saturn SL-1. It was a manual, had a leaky sunroof that didn't work. Drivers side window didn't work, no AC, had 240k miles on it, and you had to add a quart of oil to it every time you filled up the tank. But it averaged 38 MPG.
@BitTheByte I had to quit b.c someone reported me to the labor department. It was a family biz and they made me feel like part of the family. It was heartbreaking to me as a kid losing that job.
I got $20 a week. But I only got that $20 a week if I mowed the grass every week, took the trash out, wash the dishes, kept the house clean, and didn’t skip school. When I turned 16, I had to get a job after school and save up to buy my first car.
@@humanchannel9421 not rich but we weren’t poor either. Pretty much dead middle class family. Since they could afford to give me $20 a week as long as I did my chores, they did that to teach me responsibility and how to budget. The only gifts I ever received were for my bday and Xmas. If I wanted something I had to save up for it myself. All things considered it was a good life lesson. Though, once my parents were gone they left very little behind so they weren’t as well off as I thought. They probably made sacrifices to give me that allowance.
She’s gets 50k a year for doing chores at the company like take out the trash etc I make 44k a year as a heavy equipment operator working 60 hours a week they are so far removed from normal it’s crazy
The reason theyre popular isnt good advice or industry knowledge, its rage-bait to push engagement algorithms and dangling a super top secret carrot to impressionable youths.
Not just impressionable youths. The amount of people of every age that still cling to this SUPER TOP SECRET FINANCE TRICK fantasy is horrifying. All these people will sabotage any attempts to make society a less predatory place because they still cling to the fantasy of being the predator.
Frankie Muniz' money from Malcolm in The Middle all went on real estate. He didn't buy it, it was bought for him, and he was a teenage millionaire with a manager, an agent, a lawyer, and all the rest of the entourage, including parents. No regular teen (regular as in not rich, famous, or with rich folks) could ever do that.
The problem is that it's a zero sum game. Asmon's analogy only works if EVERYONE can come out a winner, but that's not reality. The reason why there's a "survivorship bias" is because there's a ratio of people who try and never succeed even if they do everything right. This makes a lot of people never try in the first place, but that doesn't mean there are less winners, it just means that these people are forfeiting and letting someone else win. The amount of success stories stays the same, there's never more or less people suffering, everyone suffers because most people can't separate their wants and needs. If everyone had everything that they NEEDED and then were allowed to want things base on their effort, then we would live in a utopia, but people want what others need and need what other's simply want.
90% of the time when people put their feet on the table they have no manners or are trying to assert dominance. Either way, it’s reasonable to assume you will have extra hurdles when having to interact with them. Not always true but I find it true for me most the time.
I think its SAD how much Zack is proud of how he pulled of little scams when he was young. This mentality of making the scammer the hero, the smart guy, and the one who was fooled is the one to blame is really wrong. I'm from Brazil and this happens here as well, but if you see more advanced countries, more educated countries like Japan, or Sweden, there is noone thinking like this
Closest he got to "scamming" was buying a bunch of cards from a kid because he saw he could sell a few for more. Might be scummy if he did it on a huge scale, like buying a black lotus for 10 dollars or something. Can't recall how much money I spent on those bs gambling "Card packs" when I was a kid, maybe as much as she gets for one months allowance. Goddamn loot boxes old when you actually had to go to the store to buy them.
I love Asmond's young hustle business strategies hinging on him not being caught by the authorities or getting punched in the mouth for skimping people on change. We'd all get fucked if we had tried that shit.
3:00 My dad gave us allowance based on the chores we did(there was a minimum we were forced to do but we always got paid for it). Might get $5 for mowing the lawn, $10 for trimming the hedges, $3 for sweeping the garage, etc. This was every other week since my parents were divorced. My mom just gave us a flat rate of like $15-$20 I think, so I was getting about $15-$20 a week. This was all before I was 15, at 15 I was working at McDonald's part time, I don't remember getting allowance after I started working.
If you have a 300-dollar allowance.... Ah yes, the typical allowance of the average American kid. When people say the rich are out of touch, this is what they mean.
What Asmon doesn't realize is that 99% of the side hustles he knew back in his day, and 99% of the ones that exist today are either completely unprofitable, or borderline impossible to do anything with due to illegal labor or simply too many individuals trying to do it (like reselling, the old classic). Heck, my JOB used to be just wheeling and ealing with MTG and Yugioh. I had the connection and knew what was what, so I made enough money off of that hobby to live off of. Once internet info and stores became too consolidated it quickly became grossly unprofitable for the time it took to make anything.
Ah yes I have my kid work part time at my business doing non sense tasks and payroll her for it only to reinvest the money she earned back into my real estate business and give her a cut of the 'passive income' when she has no idea on how that passive income is being generated and shielding her from the financial burdens of running a rental or flipping a house making it seem like you can just put 10k in and get 300/month back like a infinite money glitch, when theres alot more that goes into it and when he dies the person that takes over his business might decide his daughter's investments don't come out to being worth that passive income he gave her, since when you grow a business like that to a level of being worth millions the properties aren't in his name but the companies since theres bigger loans they can take out and opens up ability to do tax avoidance by shuffling funds around to different arms of the company. Thats the real danger of it and no shot shes getting a house all on her own either thats worth anything since as was mentioned a 40k house is going to be shit, very bad condition needing thousands in renovations if not more then the house is worth, and I don't think daughter is funding that then theres mortgage and utility payments she'd need to set up since she only put 10k down which is probably coming to 200-400/month and I don't think a 40k house is worth 700/month in rent and even then shes not making money until the mortgage is paid off and the renovations also paid off which would be decades certainly not making her a millionaire by the times shes 20 and getting loans for more houses to do the same isn't going to work with out daddy pulling strings like getting the loan through his company or paying off her first mortgage as hes already probably co-signing. The math ain't mathing.
When I grew up it was: 7-10 was going from house to house collecting cans. 10-20 buying and reselling ski/snowboard, sports equipment. Painting xbox 360 controllers and cases for kids at school. 13-20 was buying and refurbishing furniture for a profit and making holiday decorations for thanksgiving and Christmas. 15-20 painting PC cases and making PC's for people. 17-22 boosting league/wow/cs accounts. Now I just work for semiconductor companies make around $80k~ a year, never went to college.
I sold soda at school too. They had to turn off the machines after 8:00am after Michelle Obama's healthy food tif. I'd go in early and buy a bunch and sell it later. School supplies too. My nickname in math and Physics was "Staples"
As a kid, i got 5$ a week. I saved up 100$ and put it towards a gamecube. Because i saved up that much, dad forked up the difference and got me a game too. In highschool i got 10$ a week on a prepaid that i could use to get wendies or mcdonalds on the way home from school. But i also saved it for other things. End of highschool i got a part time job doing data management stuff. (It was very easy for what it was) and i got 8$ an hour for it. Those stories are what you see in reality from a normal middle class kid. Not 300$ a month lol
@@Jadty Scams are more profitable than ever, the age of information has become the age of manipulation. It is the sign of a sick society when predatory behaviour is rewarded.
"I was 14 I was mowing lawns" *far away look in his eyes as he flashes back to meeting investors who used his mouth* "I was doing whatever it took" Yep.....look for the eyes. The video started and you could see the zoloft in them. Then he spoke.
Land is sold in the US by the 1/4, 1/2, or full acre. The absolutely cheapest most remote property I have been able to find still costs thousands per quarter acre. My son makes $25 a month in allowance. Do the math…lol
13:24 So hes basically paying her a strong allowance for her work and using a lifehack to funnel some inheritence but also it gets counted as an expence to lower his own taxes while also giving her source of income, but now shes a landlord and she has to take on certain responcibilities for when the water heater breaks.
Asmongold: There are a million ways kids can make money. then proceeds to reveal that all the money he made as a kid was with SCAMMINg, doing ILLEGAL SALES, or simply STEALING :D
@@vicdansanch i agree. Thanks to youtube and twitch people like him can only get rich. Without the platform they would end up as bums in the streets. Its actually sick if you consider that people like Asmongold , Hasan and xQc make more money than Doctors and lawyers.
What kid is getting a $300 a month allowance? Jesus christ And a land cruiser is a $50k car minimum. 55k for the cheapest new model. 75k if you want the bells and whistles.
$300 allowance?!?! My allowance was being Allowed to live there the hell do you mean $300.
$20 was like the most I’ve ever seen and it only happened when i went out with friends and we would pool our money
in my eastern block moneys it's half my monthly wage, WTF is this
I only started making money when I got a summer job. My parents never made me pay rent and they helped me get my first car. Didn’t need a monthly allowance.
@@Asdfqwerty12341
Yup. Every week I work 50 hours Roofing for 25$ an hour. And on Friday after tax I only make 937$. Saturday comes around I pay bills and only have 200$ left for gas and lunch for work for the next week. I been stuck like this living paycheck to paycheck since I turned 16. I am 33 now. I have nothing to show for it. I have a 2018 kia Forte I just paid off. I bought brand new. I live with my brother and he rents a tiny barn. For 1350$ a month. My bro and I work for the same boss.
Didint have allowance.
Started working on farm along side of school at age of 12.
To be honest, school didint go well.
I mostly just slept on classes but im not at worst situation rigth now since worked and managed to save some money before expences started rolling.
The majority of the time their advice is basically "Be born rich".
Just be rich bro! What's the hold up?
Wrong, the advice is "give me all your money and then sell my course to others forever"
@@hermitgreenn aka pyramid scheme.
More like "Dont be poor"
Same energy as most career advice.
"Use your network", said to the job finder trying to break into an industry
'He's right, when I was a kid I did the same like'
1. Crime (pirating + tax evasion)
2. Another Crime (intellectual infringement + tax evasion)
3. Another Crime (tax evasion)
4. Another Crime (Distribution of fireworks to minors + tax evasion)
Zack on that grind
You know how it is, ABC - Always Be Cheating.
I think that is just an act. It is part of his character.
Plus, getting 20 dollars a week is kinda HUGE at that age
Idk how it works in US but in Sweden if you make less than 1500$ a year from a side hustle you don't have to report it to be taxed.
@@PogMcDog Here they don't care about origin they only care about total gross income first 2k is tax free after that you have to pay taxes
"I'm gonna be a millionaire by age 20"
"How am I gonna do it?"
"Daddy 🥰🥰"
LMFAO bruh
Already a millionaire and a credit score of 900 out the womb
@@AvaaSlays_SwiftieLMAO
You are making fun of this, but i have been criticised many times that i should own my own apartment by people who do. With firstly - you should get out of your parents house and live alone in your 20s, and then - you are fool for paying rent to other people.
Every single time someone told me this, it was a person who either inherited their house or parents bough it for him.
@@xlukas93Lived with my family until 23, started paying rent when I graduated high-school. Had to have a full blown career before I could afford to move out lmao
lmao
if you're getting 300 allowance a month as a child you don't need to invest because your family is already rich
300 bucks.... 300 FUCKING BUCKS jesus christ. Yeah rich people should stfu about advice to kids.
i was lucky to get 300 in a year lmao
Gotta love when rich people give the most out of touch financial advice to people.
I thought rich kids got thousands a month as allowance. What's the typically teenager allowance nowadays anyway? I remember getting 5 bucks a day as a kid /teen
@@kennymichaelalanya7134 I never personally got an allowance, but I'd assume 20 bucks a month or something.
I didn't get an allowance because I grew up in a poor environment.
My way of making money as a teenager was selling candy, and cigarettes.
I didn't make a bunch, but it helped.
And at 15 I was making $7.25 an hour on my first job, at the only place that would hire me, an ice cream shop.
I was making just barely over $200 after taxes every two weeks.
And every red cent was spent on keeping a roof over our heads, and food in my families stomach. That was back in 2012.
There was no such thing as saving money.
Allowance? I allow you to live here.
Exactly the same for me. Any "fun money" I had was enough to buy gas to get me to the next town over, so that I could walk around the mall for a couple hours on the weekend
I had a similar experience. I'm sure a lot of people can relate.
Bruh.. at 15.. why were you responsible for paying the bills?
@@darthsilversith667 because my dad was a deadbeat, and my mother is disabled. Section 8 only takes care of so much in rent, and Food stamps was giving her about $300 a month for herself, me and my brother.
All of these influencers start at step 2 because they never had to deal with step 1.
More like step 10
Step 1: be born in the right family
As if influencers weren't bad enough now we have to deal with their abhorrent insufferable spawn.
If you're skilled and willing to take some risks, step 1 is not hard to figure out at all.
Take a welding class and live on an oil rig for a few years, you're not an instant millionaire but you will be a millionaire.
I found one ☝️
As a 30 year old I often don’t have $300 a month extra in my bank account after all the bills are paid. This is like a fish giving swimming lessons. “Just breathe through your gills and whip your tail and fins.”
So u have big payments orr?
Yup. Every week I work 50 hours Roofing for 25$ an hour. And on Friday after tax I only make 937$. Saturday comes around I pay bills and only have 200$ left for gas and lunch for work for the next week. I been stuck like this living paycheck to paycheck since I turned 16. I am 33 now. I have nothing to show for it. I have a 2018 kia Forte I just paid off. I bought brand new. I live with my brother and he rents a tiny barn. For 1350$ a month. My bro and I work for the same boss
Asmongold:
There are a million ways kids can make money.
then proceeds to reveal that all the money he made as a kid was with SCAMMINg, doing ILLEGAL SALES, or simply STEALING
:D
@@tanelviil9149he’s out of touch with reality too
@@WitkowskisFishingSickness your bring home is 4,000 a month and you share a place that's 1350 a month.. so 675 a month from you... insurance at 33 as a male unless you have an avalanche of accidents, probably less than 100 a month. car is paid off, 2018 kia was probably running you 300 a month brand new, so we're at your car and rent being paid off with 1 week each month.
bud. unless you are spending 3,000 a month on drugs / takeout - you're full of it.
Good ol Nepotism. I'd be rich too if my dad was a millionaire.
@@davidzambrano9126 Gross generalization, in fact the majority of millionaires are self made, and wealth on any magnitude only lasts 3 generations at most.
I got $2 allowance a week as a kid. I used it to buy Ghost Busters toys. Clearly I failed at life.
Seriously pathetic. You wasted your income on silly toys when you could have been buying Apple stock.
i remember getting 0,5 per week, then at around 10 it became 0,75 per week, and suddenly i got adult so 0 per week XD
There’s no hope for you
Shoulda taken that 2 bucks and buy a high-rise apartment complex. Think how much it would be worth now!
Shame! 😤
1:27 never trust anyone who puts their feet on a glass table top like that.
This is sound advice
but how else can he write on his paper?
I sit like that all the time. I am also thin; doubt fat people sit like that. 3 jobs, never cheat on customers, always going for the stable long-term money. Always hated those stupid trust issue explanation. My mom was like, your friends' feet stink, (constantly played football) do not hang out with him. Everyone who has a scar on the face is a psycho.
I do not say you should not consider them, but relying on them to evaluate a person on 1 trait is really stupid. You notice multiple traits and the summarization of 5 to 10 different traits give you a real person.
A guest rents a room in my house. If he has a dirty car there is a high percentage that he will leave the room dirty. That it is not always the case. But if he has dirty clothes, stinks and has a dirty car then I will need to use high grade chemicals to clean after him.
I agree that this kind of sitting stile is not an appropriate behavior in other people's home, and I would not do it in front of strangers. It is just comfortable to me to sit like that.
for real! it was bothering me too
Looks like some diddy shit
"Luck gets you to success, hard work lets you keep it" is a quote i probably heard somewhere, but I don't recall when, where, or who, so I'm gonna say I thought it up just now
probably Mark Twain or Einstein. or mother Theresa
I read that Einstein is a fraud@kongvinter33
"if you are homeless , just buy a house" 🤣
If you have asthma just breathe!
If you are dead, just live.
if you're depressed, just smile 🥴
If you are 15, just buy a house, if you are older buy two
The classic “just stop being poor”
Take your $300/mo and invest that into real estate like lemonade stands, tree houses, and secret bases. Avoid assets that diminish in value like Ring pops or candy necklaces. Be warned that vehicles like the tricycle and the Little Tikes Cozy Coupe immediately lose some value the moment you shuffle off the lot.
Now that's a smart kid.
Hell yeah real math is here
I liked this comment. genuine, through and through.
Gold
I opted out of investing in treehouses due to them typically banning girls from entering. I don't see how half the potential customers could ever be a smart investment choice. However, I made a goddamn fortune by investing in cool sticks in the woods.
I can't believe the guy didn't bring up how Grant went on a reality show where he had nothing but a truck and $100 and had to make a million dollar business in a few months and his "strategies" utterly failed. Only way he was able to accomplish anything in the end was because cameras were around, otherwise everyone would've said no.
if kid gets $300/m allowance, I think his problems are long solved
Average salary for some countries
That's more than half of the minimum wage in my country.
The dude is using his kid as a business expense for his company's tax benefit.
I think even rich parents want their kid to stop leeching off them at some point. Warren Buffett made his kids get jobs.
Na, I would have gone right of the deepend. 300 a month when I was a kid would have been a lot of booze and drugs 😂
I want to point out that this is the reason why massive company owners, especially in the gaming industry, have no idea why or what the customer actually wants. They just dont live in the same world as us.
I think I agree with your point if you are purely talking about the idea of "living in a different world". There is nothing inherent to enjoying a video game, product, or service that changes solely based on socioeconomic status.
To be fair, guys like this are insincere grifters *pretending* to be something they're not.
They want to act like they're the corporate elite, but they're sleazy scumbags. You can immediately spot the unkempt beards and I'll fitting suits.
Yes, the corporate elite are our of touch, but in a different way. This dude does not represent your average investor or corporate executive. He's just an upscaled version of the guy who tries to sell you a $10 CD for $15 at the local strip mall. He does it with useless course instead.
@@libervitaexaltis4551 Studies have been done that being "the corporate elite" and being a sleazy scumbag actually coincides more often than not though.
My biggest problem is the entitlement and self righteousness of the girl..and I doubt she will grow out of it with a parent like that.
She didnt seem like a brat really. Just probably saying what her dad wants her to say.
Grants rule to get rich; Step one: have an extremely wealthy father who gives you a over 100k allowance that isn't an allowance but is an allowance. There is no step two.
and all the problems of the world were solved by Grant that day
Have a father that owns a company, that way, you dont have to get an allowance, you just "work" at his company, getting 100-1000x the amount of money your dad would pay anyone else for this "job".
Oh no she's anemployee. Not odl enough to atcually work, not on the payroll, not budgeted for. Obviously an employee.
Nah, they did say a step two: don't throw all the money away. Revolutionary.
@@Albertrossus What she said she does is "help people around the office". Umm, sounds like an internship. He probably wouldn't even pay anyone else for that same work, he'd just get an unpaid intern.
My parents couldn’t even afford to buy me 1 video game. These people are living in a fantasy world.
A video game was like a birthday present.
Same, bro
And dad had to work overtime just to afford birthdays & Christmas, yep.
Work or do something I sold gold in games and accounts to make money on the side. It was way more then 300 a month. His audience is upper middle class. ( if you are still struggling follow me I help people in third world countries change their lives and help people all legit and all video games you test early access and get rewarded for it) If you start reporting bugs properly and stay active they hire people as discord moderators.
A video game was a birthday or christmas present for me as well, the only way I'd be able to afford one a year was to save up throughout the year. My allowance was anywhere from, ironically, 0 to 20 dollars every 2 weeks as my parents got paid bi-weekly. How much I'd get would depend on how I acted, if I did all my chores, If I behaved in school and If my parents had enough excess income for me to get my allowance, which they didn't all the time.
I think the majority of SNES games I had as a kid were loaners that never got returned.
I love how Asmond describing his side hustles growing up is literally just all illegal/blackhat schemes like selling test answers and fireworks ahahah.
Crime does pay as long as you're moderately good at it and don't get caught. 'Crime doesn't pay' is just easier to teach to children than 'Crime erodes the fabric of trust in your community over time and victimizes people who may not necessarily deserve it'.
Fuck kinda allowance!? I have less in my bank account rn.
Relatable af!
Умный избиратель Trump 2024
It's the beginning of the month and you're already broke?
@@dorjjodvobatkhuu6457 😂😂😂
@@dorjjodvobatkhuu6457 To be fair, a lot of bills happen to come out at the beginning of the month. Its the middle of the month when I have the most money.
31, just got my own house. It's funny seeing this kind of delusion. 300 dollars a month XD. When I was 16 I got zero dollars a month from both my parents. If you are a minor getting 300 dollars a month from a parent they mostly have a house waiting for you already.
Yeah eh is a dangerous alt righter. I am surprised august the duck gave him a platform to spread his harmful ideas.
i got 10 bucks a week if i did chores, cleaned my room and got good grades..
0 bucks is pretty sad but usually at least back in 90's we still got 10 bucks a week to learn how to budget.
I saved my 10 euros a month and all my birthday/christmas/saintNicholas day money for 6 years and i build a 800 euro pc. Best investment ever.
31 and still live with my folks and siblings, circumstance will do that to ya
Cheat code: How to be millionaire
Step 1: have a millionaire relative
*_(There's no Step 2)_*
f me ... that girl is gonna be the most insufferable teen in school.
And yet she will still win.
I'm sure she already is.
I'm sure he put her in a private school where all the kids are like that lol
She is nails on a chalkboard in this video. I can't imagine IRL.
she seems out of really touch, but not that bad.
Girl is literally a whale clowning on f2p.
Tru 😂😂😂
Someone please pin this comment
trueeeee!
😂
4:20 Literally each example Asmon gave was illegal lmfao.
it's illegal to sell soda?
it's weird people talk about free coutnries, but then selling soda is a crime
atleast he is not telling these things while selling a course
@@justanobody0 Yes it is, have you seen the videos of cops busting kids lemonade stands for not registering their business with the government? So their options were register and pay the fees and taxes involved or shut down.
@@Neonagi by that logic you'd probably argue garage sales are illegal, but I've seen them everywhere I've ever lived
and guess what, I've seen kids running lemonade stands selling lemonade for cheap at the garage sale
oh the horror
@@justanobody0 It's not my logic, it's the government's, and you are supposed to declare your sales from a garage sale if you gain more money than you paid for the item under capital gains tax, but nobody does, for obvious reasons.
Poor people should just get rich parents. It's their own doing really
"My child is lucky to live in my house" is the most ridiculous and out of touch statement I've heard in years. A child is the responsibility of a parent at the very least until they turn 18.
No, but like... he's one of the few people who could say that. He is obligated to house her, he is not obligated to have a mansion, stocked with the fanciest food, with the fanciest cars, and likely lots of staff to take care of them. She is **absolutely** lucky that she lives in **his** house, and not the one the rest of us grew up in.
Any family able to give their kids a big enough allowance that they can invest it, likely is well off already. Most families are barely getting by.
4 walls, a roof, running water, lights, send them to public school, clothes and food is all you are LEGALLY OBLIGATED to do
As someone whose parents didn’t take care of him, it turns out in fact yes Your child is lucky to live in your house.
@@0Heeroyuy01 i hope you never have kids
"Every 15 year old should do this with their allowance." "I reward her, if one of these tik toks gets 10 million views I'll give her $10,000." Not "every 15 year old" has the opportunities this girl has. For someone to be trying to tell kids what to do with their money, while also bragging about giving tens of thousands of dollars to his daughter is so out of pocket it almost reminds me of covid.
No 15 year old have 10k or 15k savings in ANY BANK these people are crazy
Well, unless you are rich. Then you likely have a trust.
Most adults don’t have that lol.
My girlfriend had 50k due to her grandparents and until she started dating me she thought she was broke and that most adults are millionaires it’s crazy what people think lol
The only reason I did was because my mother saved up money for me since before I was born, even then that money was *only* to be used to pay for school. But I'm an outlier because most 15 year olds don't have that as you said.
wrong
One thing that never gets mentioned...these people buying real estate as investments are often seen as smart or glorious even. But do we realize, the more people snatch up houses and use them for profit, the harder it is for people to own homes? These are actually parasites that cause housing inflation. Some of these people own 100s or 1000s of homes.
They're not smart, just lucky. There's a reason any random method works just as well if not better than some of the best investors in the world.
This 100%. I've heard stories about big companies swallowing up properties too. Problem is only getting worse
even worse are the companies that take taxpayer bailout money back in 2008 and uses it to buy up millions of houses only to spit in the taxpayers' face. taking taxpayer money to screw over taxpayers should be a crime worthy of death sentence yet we have subhumans who tries to support these corpos and think they did nothing wrong.
of course they realize that, that is EXACTLY THE REASON THEY ARE A GOOD INVESTEMENT. (imho: it's ok when individuals do it they can't own that many anyway, 1000s of homes is nothing IRL, but companies? hell no, those can buy billions of homes)
Governments fr should ban owning more property than one needs.
I just don’t get why rich people need to feed into their narcissism even more. Not only are they incredibly wealthy, but everyone who ISNT wealthy isn’t doing what they are supposed to, they didn’t buy property at 15 😂
Grant Cardone is a scam artist. Could have sworn that was common knowledge at this point.
literally never heard that name in my life
@@Lumerlume11 if you follow coffeezilla that name should be second nature along with logan paul
Deleting tiktok has been the best decision of my life so far.
Never having tiktok in the first place has been the best decision of my life so far. Cheers
Do you remember being 15 and getting an allowance?😂 cause I don't. I remember doing jobs for like 5-20 bucks a pop and even when doing the jobs I didn't get pay at times 🤷♂️😂
but according to him, we shoulda been investing in real estates during that timeline
i'm proud of myself of never even installing it in the first place. praise the lawd
Fr shoulda bought some ant hills or smth when I peaked at 30 or 40 bucks a month
I have never had it..... that's the true victory ✌️ 🙌 👏 👌 👍🏻 💪
I never understand how they’re ever in the position to give advice when their wealth is basically attributed to “get lucky, win big”
Having an absolute shitbox as a first car was actually part of the fun. Dents? Scratches? Anything broken? Who gives a shit. We just had fun and it was a great time. With an expensive car I would have been constantly stressed about it getting damaged.
If I was rich, who cares if I get a dent or even total the car, I can just have my daddy buy me another one
I inherited the 20 year old family shitbox when I started driving regularly just as my sister did before me, and it is an absolutely dream to drive. Not because it's smooth or in good condition, but because that car can take a beating and I didn't have to worry when it did. I'll actually be pretty sad once my family decides to get me a newer car because I've grown a bit attached to the shittiness.
as long as it's not moldy right?
In my state they tightened the inspection sticker rules to the point kids can't start with a clunker anymore. Body rust=FAIL. Dirty exhaust=FAIL. Broken door held shut by twine=FAIL. The end of an era.
You have to love the logic of "You want to be rich? All you have to do is start off rich."
The easiest way to be a millionaire is to start out as a billionaire
My allowance was 0 until i turned 18 and start to work. My parents had the mentality of reminding me that "i'm lucky to live for free in their house". So no, i never seen had nor received any money in my kid/teenager life. But even if i have never touched money during my teen time, it still teached me in a way to be very careful with money.
Is anyone else going to call out the most obvious thing? That in most states, your required to be legal adult age to purchase a plot of land or a building.
😂 the only thing I can imagine is...he buys it or on paper is the main investor?
@@TheFatalcrest He's undoubtedly cosigning the loan himself (or possibly just 'loaning' her the money)
Uh.. yeah. Zack pointed that out in the video. Did you comment before finishing the video?
Asmond adressed that issue
I’m sure millionaires have ways to make it happen. Not us regular normies.
How does a minor purchase property. They're a minor. The can't legally enter into a contract. It would have to be in their parents name. And what parent would accept that type of risk? And, what person or business would even sell property to a minor? How would they insure that property since a minor can't enter into a legal contract?
Yeah t hey is a dangerous alt righter. I am surprised august the duck gave him a platform to spread his harmful ideas.
I’m sure millionaires have ways around that. Not us.
They are inheritors of a trust and the trust owns the properly most likely in the interim. It’s rich people sh*t.
Imagine your landlord is 15 lol
@@Jadty Yeah, the rich tend to find a lot of loopholes to use children in one way or another.
"I am an employee at a company and they pay me..." Isn't that illegal?
My dad stole this bit from the boondocks when i asked about an allowance for the first time. He said, "I allow you to live here. I allow you to eat my food and breathe my air. You allowed to take out the trash, tho."
I was allowed to mow the lawn and clean the gutters.
I was allowed to clean the family car both in- and outside, was allowed to walk the dogs and help mom cook dinner, and that was just the first two hours of being home from school 😂
So you're teaching your kid how to work for free. Congratulations, they'll settle for fast food work when they grow up, and they won't know how to negotiate a pay raise. Great fuckin' job, bro.
Heh, one of the paper comics had something similar.
Kid> Hey only a $20 allowance?
Dad> No you get a $400 allowance. It's $380 room, board and food.
That poor girl is going to grow up to be the type that pours their ragu pasta over a waitress's head because there was a little bit too much Parmesan cheese.
Goes to a bar with her friends screaming and shouting being obnoxious, spends $15,000 on champagne, and then refuses to tip the waiter because if he wanted more money he should work harder and not have a crappy job.
not necessarily. i think she'll probably be someone who is in a car with her normie friend, then they crash and then she wonders why her friend is crying, "just buy a new car?! chill out". not understanding that her friend doesnt have the money and that the car may also had sentimental value to them.
or when her friend is getting fired and cries, "huh? why you crying? just ask your dad for a new job. .... he cant give you a job? well then he just gives you many until you have a new job. dont be dramatic -.-"
just spoiled and out of touch :X
i agreed with your comment until the tipping part the part where she talks down is bad but no one should need to tip stop signing contracts where in you get treated like shit and have to rely on the kindness of strangers for hand outs for basicly doing the job you signed a contract by your free will and choice they keep making these contracts because people keep signing up for it in most countries the staff of a restaurant isnt being on life support of handouts but get a wage for their job that pays them
@@linkimpark1 yes exactly this. Got fired from your job? Well take this opportunity to have a one year long lavish world wide vacation, that is what I did when I quit my job, I had to unwind, rethink, and experience the world. Oh, your rent is due by the end of this month? Then just go to one of your parents vacation homes. Your parents don't have any homes? Well they should just buy some. I don't understand why people just rent when buying is so much easier, you don't have to pay rent at the end of every month and you can do what you want with the place. My parents bought me a 7 million dollar studio apartment in new York when they knew I wanted to be a regular visitor, I fly their first class a couple times a year.
@@TepelbosMeowand the cost for those meals is 50% higher and or instead of having 10 waiters they have 3 to pay them a living wage
@@Disneymagic24 so not true dinner in europe average 20 euro average dinner america 50 dollar here the restaurants have enough personel what you just said is just an excuse so they dont have to pay fair wages
As a Brit I got one pound every Saturday at the supermarket to buy sweets. That's just over a dollar for Americans.
When I hit 15 my dad started giving me 20 pounds a month to spend however I wanted to teach me the finite nature of money. 5 pounds a week is very little. I spent it on Warhammer.
I have been working non stop since 16 and it took me until my mid to late 20s to ever have more than 300$ left at the end of each month.
What world do these people live in that $300 a month expendable as a kid to them seems the standard.
King of the Hill told us this shit decades ago. When Kanh is so desperate to be rich he buys VHS tapes for get rich courses.
The reality is the way you get rich is to bullshit and sell courses on how2getrich.
Dr.Quarters
I think the best thing about these influencers is that they're always in a studio in front of Shure mics, on a "podcast" that isn't available anywhere. I like to call these Fauxcasts, because there isn't a soul out there who goes out and actually listens to them, they only exist as a stage for the influencer to monologue and get clips
I have a compromise. The influencers vote a certain way until their policies absolutely kill upward mobility, and then they get dragged out of their million dollar properties and are taught via accelerated learning plan what it’s like outside their bubble. All we have to do is wait. What are the influencers gonna do?
Ah, the French method.
@ tried and true I
With 300$ a month I can definitely get a tent that nobody wants to join hahahahhahaha
I don't care that they have money, it's the painful ignorance of the world that is most infuritating
They have never lived the live of the average person. That's why they're ignorant about it. Like a certain person once said you need an ID to buy groceries.
The ignorance epidemic is upon us and there is no cure.
This stuff genuinely makes me angry. Im not resentful towards people who are rich, because i think that's a pathetic way to live, but this goes beyond that. It makes me mad to hear some rich kid try to act like she's giving actual advice to other kids on how to be as rich as her, when in reality she's just another spoiled kid with a rich parent that finds excuses to spoil her so she can feel like she's "earned" it. Idk how someone with a brain that's nearly done developing can be this delusional. If her dad went bankrupt she would be broke and have nothing and no way to make money. She doesn't even invest "her" (her dad's) money. He just does it for her and says it's her doing it. She literally just reads a script her dad writes and he technically "gives" (invests) her thousands of dollars for it. Honestly i would be surprised if this isn't some complicated tax scam. "No your honor, i couldnt pay taxes because i didnt make a profit. See, all of these funds went to my daughter as her income, so i actually lost money. Tax fraud? What? No way. Maybe you should watch my course your honor. I'll give you a 9% discount on the first month. You could be as rich as me. Wait why are you cuffing me??? Im rich!!! Im riiiiiiich!!!!! NOOOOOOOO"
>"How to be rich"
>"Have a rich sugar daddy"
>"If you don't, skill issue"
Im seeing a pattern here
This guy gives criminally dangerous advice. For example, he tells people not to put money in their 401k. Insane. Tax advantaged investment accounts like 401ks and Roth IRAs are the best long term investments a normal person can make for retirement. Of course, Grant wants you to take that money, buy his classes, and gamble on real estate. This man is not just mistaken; he’s evil.
well a 401k was a good idea until the country started collapsing and inflation started going crazy. None of you will have anything worth a shit even with the exponential gains.
Completely agree. My neighbor is multi millionaire. Just from putting 50$ a week away, more over time. But minimum 50$ a week since he was 18. His salary was never over 70k a year. He is 70 and super healthy and gets to enjoy. He was just a career mechanic. Bought a house for his family, and for his daughter who paid him rent, who couldn’t get house of her own, so he got it. And had her pay rent. Who is beautiful woman who beat bad addictions and he helped his daughter out. Gave the house to her. He is always outside shining and washing his old chevy. 😂
He also readily contradicts himself, he is a classic snake oil salesman.
The stock market has had record growth for several years now. Also, if you look at the history of the stock market, even after major collapses like the housing market or the great depression, the market always bounces back within five years and then proceeds to outperform even the highs of those times. If you aren't retiring within the next 40ish years, a 401k will absolutely make you money and set you up for retirement. The market could crash tomorrow and your 401k will be fine.@@collenjets123
If you think real estate is a gamble then you're an idiot. The only people I have ever seen lose money in real estate are idiots that don't know what theyre buying. This is the exact same thing as people that go antiquing or that resell luxury products. The only people that lose money are idiots that don't know what theyre buying.
How to become rich
Step 1: Make books and conferences about how to become rich.
Step 2: Profit.
outside the comments that you guys made here (totally on point), that $300 allowance is already a sign of a rich family, there is no investment that can securely get you $30 income from a $300 investment in one month. I work in an international investment bank and live in Chile, and the best investment fund of real state gives you about 2% per quarter. That guy's "advicement" is just purely bs.
Its not even $300 allowance. She makes $50k/year "working" for his company.
If you reinvest with same returns, starting with $300 and so after first month, you put the $30 back in etc after about 7 years thats 1 million dollars. And in 10 years its just shy of 28 million dollars. At 15 year mark its $8.5 billion. At 20 year mark its $2.6 trillion. Surely 10% long term monthly gains are possible
@@rykehuss3435 gains tend to be spoken of annually. So if someone says "10%" they mean per year not per month. No one is gaining 10% per month for years at a time.
@@rykehuss3435what?
Have you tried just being rich your entire life? Inheriting a bunch of money? Getting a few million in interest free loans from your parents, and having them introduce you to their rich friends? OMG, it's so easy.
Gonna be honest…I didn’t realize for a minute this was asmon reacting to August reacting…these guys are such a big part of my RUclips history lol
This guy knows he's not giving good advice. That's the point. It's engagement bait.
Farmers, farming farmers that are farming farmers that farm npcs.
Another reason the internet is pointless now. It’s potentially all bait or oversaturated with AI
@@foggyvhs8790if you don't know where to look
@@foggyvhs8790i don't know how but someone should pull the plug on this whole internet thing. It's fun and all being here. But honestly it's been enough. The internet should go back to research only.
This guy lifted a cpl dumbbells after he dropped out of highschool and now thinks he's the smartest guy in the world.
300/month won't even cover insurance/taxes.
When i was 13 and on, the $300 was a workaround to save money on taxes; any money in an 'allowance' i never got to keep.
Zoom in, zoom out, zoom out, zoom in, zoom out, zoom in, zoom in, zoom in. zoom out, zoom in, zoom out, zoom out, zoom in, zoom out, zoom out, zoom in, zoom out. All of that, on a still image. Editing, bro. 😂
300$? what are you gonna buy a fucking ant hill?
Not everything has to be nice buddy. Car**one is a dangerous alt righter. I am surprised august the duck gave him a platform to spread his harmful ideas.
More like a timeshare of that ant hill
Confirmed idiot alert. This guy spends all his money the moment it hits his pocket and can't fathom 300 dollars becoming 600 dollars.
@@InwardRTMP uh, can you clarify?
@@sunixjester Its pretty obvious what I said. This guy doesn't understand what saving money is.
This is why the IRS needs more funding.
This is why I can't wait for a real estate crisis. Sorry if you own a home, real estate investors just irritate me. No higher moral thing, I just don't like them.
Unfortunately, the Fed Gov will never let that happen. They bailed out the rich last time in 08, so they’ll do it again. Remember, nearly 40% of single family homes in the United States are owned by 3 investment firms: Blackrock, Statestreet, and Vanguard.
The next crash will be the bond market so I hope that you aren't saving dollars to buy a home.
How do you buy a 300 dollar piece of real estate anyways? Just buy stocks, then when you lose all of your money it'll be a valuable life lesson
Eh just put in like
20 bucks in stocks
You don't lose all your money in stocks. You lose around ~50% of the protfolio value every 5 or 10 years (cause every 10 or so years there's a housing bubble, or tech bubble, or depression, or whatever the flavor of the decade is). But if you wait long enough you will get all your money back. In fact, if you have big balls you just keep investing and buying cheap because stocks are now 50% off, and then make even more money later.
In 20 years you'll thank your young self. You'll more than double your money.
While the dude in the video is delusional (you'll never get 10% monthly return), you will get around ~10% or so (7% accounting for inflation) every *year* (not month). And yes, a 15 year old kid can save $100 or more a month if they work a bit. Maybe even $500 if the kid can hustle.
@@hagaiak that's why I invest all my money in extremely volatile crypto meme coins
My first car was a 1994 Saturn SL-1. It was a manual, had a leaky sunroof that didn't work. Drivers side window didn't work, no AC, had 240k miles on it, and you had to add a quart of oil to it every time you filled up the tank.
But it averaged 38 MPG.
I was making $500-600 /mo at 14, mowing lawns and working at a drive-in theater. An "allowance" was not a concept in our house.
You had a job at 14 at a drive in theater? When the hell’s as this? In my state and most others you have to be 16 to work
@@BitTheByteI also had a job at 14 workinf McDonalds. In Ohio you can get a work permit at 14
@BitTheByte I had to quit b.c someone reported me to the labor department. It was a family biz and they made me feel like part of the family. It was heartbreaking to me as a kid losing that job.
@@theMobileJourno true but at the same time I’m sure you understand the purpose behind those laws.
Hopefully you remember that your parents don`t deserve a pension, after all, family is just a business for them.
I got $20 a week. But I only got that $20 a week if I mowed the grass every week, took the trash out, wash the dishes, kept the house clean, and didn’t skip school. When I turned 16, I had to get a job after school and save up to buy my first car.
$20 a week is insane. Your parents must have been rich.
I got 0 dollars a week and did the same chores and got all A's.
@@humanchannel9421 not rich but we weren’t poor either. Pretty much dead middle class family. Since they could afford to give me $20 a week as long as I did my chores, they did that to teach me responsibility and how to budget. The only gifts I ever received were for my bday and Xmas. If I wanted something I had to save up for it myself. All things considered it was a good life lesson.
Though, once my parents were gone they left very little behind so they weren’t as well off as I thought. They probably made sacrifices to give me that allowance.
She’s gets 50k a year for doing chores at the company like take out the trash etc I make 44k a year as a heavy equipment operator working 60 hours a week they are so far removed from normal it’s crazy
I’m here in my garage with my Lamborghini, but you know what’s better than having a Lamborghini.. knowledge! Lmao what a classic
LOOK AT MY BOOKCASE. KNAAAAWLEDGE.
What?! Making money is easy when you're rich and abuse nepotism?! INSANE IDEA
"I don't want a new expensive car, I just want a new expensive SUV"
The reason theyre popular isnt good advice or industry knowledge, its rage-bait to push engagement algorithms and dangling a super top secret carrot to impressionable youths.
Not just impressionable youths. The amount of people of every age that still cling to this SUPER TOP SECRET FINANCE TRICK fantasy is horrifying. All these people will sabotage any attempts to make society a less predatory place because they still cling to the fantasy of being the predator.
Frankie Muniz' money from Malcolm in The Middle all went on real estate. He didn't buy it, it was bought for him, and he was a teenage millionaire with a manager, an agent, a lawyer, and all the rest of the entourage, including parents. No regular teen (regular as in not rich, famous, or with rich folks) could ever do that.
The problem is that it's a zero sum game. Asmon's analogy only works if EVERYONE can come out a winner, but that's not reality. The reason why there's a "survivorship bias" is because there's a ratio of people who try and never succeed even if they do everything right. This makes a lot of people never try in the first place, but that doesn't mean there are less winners, it just means that these people are forfeiting and letting someone else win. The amount of success stories stays the same, there's never more or less people suffering, everyone suffers because most people can't separate their wants and needs. If everyone had everything that they NEEDED and then were allowed to want things base on their effort, then we would live in a utopia, but people want what others need and need what other's simply want.
90% of the time when people put their feet on the table they have no manners or are trying to assert dominance. Either way, it’s reasonable to assume you will have extra hurdles when having to interact with them. Not always true but I find it true for me most the time.
I think its SAD how much Zack is proud of how he pulled of little scams when he was young.
This mentality of making the scammer the hero, the smart guy, and the one who was fooled is the one to blame is really wrong.
I'm from Brazil and this happens here as well, but if you see more advanced countries, more educated countries like Japan, or Sweden, there is noone thinking like this
You can get scammed anywhere. And anyone can fall for it. Best to at least teach that people will try to scam you, and that it's shameful behavior.
Closest he got to "scamming" was buying a bunch of cards from a kid because he saw he could sell a few for more. Might be scummy if he did it on a huge scale, like buying a black lotus for 10 dollars or something. Can't recall how much money I spent on those bs gambling "Card packs" when I was a kid, maybe as much as she gets for one months allowance. Goddamn loot boxes old when you actually had to go to the store to buy them.
I love Asmond's young hustle business strategies hinging on him not being caught by the authorities or getting punched in the mouth for skimping people on change. We'd all get fucked if we had tried that shit.
3:00 My dad gave us allowance based on the chores we did(there was a minimum we were forced to do but we always got paid for it). Might get $5 for mowing the lawn, $10 for trimming the hedges, $3 for sweeping the garage, etc. This was every other week since my parents were divorced. My mom just gave us a flat rate of like $15-$20 I think, so I was getting about $15-$20 a week. This was all before I was 15, at 15 I was working at McDonald's part time, I don't remember getting allowance after I started working.
If you have a 300-dollar allowance.... Ah yes, the typical allowance of the average American kid. When people say the rich are out of touch, this is what they mean.
It's 10 dollars per day 🤷
@@ajkulac9895bruh i got the equivalent of that in a month and i could live like a candy king.
By saying that he doesnt give her an allowance and that its a wage.
He can then use that as tax deduction for the business
Dude is so out of touch it's not even sad, its pathetic.
He is just a grifter... the pathetic ones are his followers.
What Asmon doesn't realize is that 99% of the side hustles he knew back in his day, and 99% of the ones that exist today are either completely unprofitable, or borderline impossible to do anything with due to illegal labor or simply too many individuals trying to do it (like reselling, the old classic). Heck, my JOB used to be just wheeling and ealing with MTG and Yugioh. I had the connection and knew what was what, so I made enough money off of that hobby to live off of. Once internet info and stores became too consolidated it quickly became grossly unprofitable for the time it took to make anything.
Ah yes I have my kid work part time at my business doing non sense tasks and payroll her for it only to reinvest the money she earned back into my real estate business and give her a cut of the 'passive income' when she has no idea on how that passive income is being generated and shielding her from the financial burdens of running a rental or flipping a house making it seem like you can just put 10k in and get 300/month back like a infinite money glitch, when theres alot more that goes into it and when he dies the person that takes over his business might decide his daughter's investments don't come out to being worth that passive income he gave her, since when you grow a business like that to a level of being worth millions the properties aren't in his name but the companies since theres bigger loans they can take out and opens up ability to do tax avoidance by shuffling funds around to different arms of the company. Thats the real danger of it and no shot shes getting a house all on her own either thats worth anything since as was mentioned a 40k house is going to be shit, very bad condition needing thousands in renovations if not more then the house is worth, and I don't think daughter is funding that then theres mortgage and utility payments she'd need to set up since she only put 10k down which is probably coming to 200-400/month and I don't think a 40k house is worth 700/month in rent and even then shes not making money until the mortgage is paid off and the renovations also paid off which would be decades certainly not making her a millionaire by the times shes 20 and getting loans for more houses to do the same isn't going to work with out daddy pulling strings like getting the loan through his company or paying off her first mortgage as hes already probably co-signing. The math ain't mathing.
Sick of people trying to tell you how you do it when they have been given thousands to start off
If you are poor, just have a 300$ allowance. Yeahhh buddyy!
Light weight
When I grew up it was: 7-10 was going from house to house collecting cans. 10-20 buying and reselling ski/snowboard, sports equipment. Painting xbox 360 controllers and cases for kids at school. 13-20 was buying and refurbishing furniture for a profit and making holiday decorations for thanksgiving and Christmas. 15-20 painting PC cases and making PC's for people. 17-22 boosting league/wow/cs accounts. Now I just work for semiconductor companies make around $80k~ a year, never went to college.
I sold soda at school too. They had to turn off the machines after 8:00am after Michelle Obama's healthy food tif. I'd go in early and buy a bunch and sell it later. School supplies too. My nickname in math and Physics was "Staples"
As a kid, i got 5$ a week. I saved up 100$ and put it towards a gamecube. Because i saved up that much, dad forked up the difference and got me a game too.
In highschool i got 10$ a week on a prepaid that i could use to get wendies or mcdonalds on the way home from school. But i also saved it for other things.
End of highschool i got a part time job doing data management stuff. (It was very easy for what it was) and i got 8$ an hour for it.
Those stories are what you see in reality from a normal middle class kid. Not 300$ a month lol
My allowance was $4 a week. My once a year school clothes budget (including shoes) was $100.
This guy is insane.
Reminds me of the pastors saying i dont get a salary the church just gives me money for living expenses
Lol right. I guess that brand new Cadillac was a living expense lol
i've been calling grant cardone a fkin scam artist for YEARS. hes the worst.
And yet he’s a multi millionaire and we’re here seething.
@@Jadty Scams are more profitable than ever, the age of information has become the age of manipulation. It is the sign of a sick society when predatory behaviour is rewarded.
He's a Scientologist, so he's learned from the best 😉
These people aren’t delusional. They are charlatans.
"I was 14 I was mowing lawns" *far away look in his eyes as he flashes back to meeting investors who used his mouth* "I was doing whatever it took"
Yep.....look for the eyes. The video started and you could see the zoloft in them. Then he spoke.
Land is sold in the US by the 1/4, 1/2, or full acre. The absolutely cheapest most remote property I have been able to find still costs thousands per quarter acre. My son makes $25 a month in allowance. Do the math…lol
13:24 So hes basically paying her a strong allowance for her work and using a lifehack to funnel some inheritence but also it gets counted as an expence to lower his own taxes while also giving her source of income, but now shes a landlord and she has to take on certain responcibilities for when the water heater breaks.
In 2013 my first car was a 1997 grand marquis, grandma sold it to my dad for 500 dollars. Suspension was shot, drove like a boat.
Lol that wasn't spent suspension that was intentional lol. My grandma had a lesabre and it was a boat with a whale on it
Asmongold:
There are a million ways kids can make money.
then proceeds to reveal that all the money he made as a kid was with SCAMMINg, doing ILLEGAL SALES, or simply STEALING
:D
Kinda based, ngl.
Asmons only talent is to yap and be entertaining hes ungodly lucky to be a streamer , else he would just end up a bum working at starbucks.
@@vicdansanch i agree. Thanks to youtube and twitch people like him can only get rich. Without the platform they would end up as bums in the streets.
Its actually sick if you consider that people like Asmongold , Hasan and xQc make more money than Doctors and lawyers.
Operating Thetan Level 8 Grant Cardone is at the peak of Scientology's " Bridge to Total Freedom." He is a full on Top Cruise level Sciento.
What kid is getting a $300 a month allowance? Jesus christ
And a land cruiser is a $50k car minimum. 55k for the cheapest new model. 75k if you want the bells and whistles.
There's a lot more people in America doing a lot better than you realize.