The Age of Making Money is Over. The middle-class is done.
It's too late to make money for the middle-class. The "Age of Making Money" is over. The poor now become poorer, the rich richer.
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I subscribe to TechLead for my daily dose of depression.
And anxiety
It's over
And sometimes unpopular opinions.
Me too ✋️
😂😂😂
"The greatest wealth is the poverty of desires." -Seneca
Never heard that before. It's lovely. Thank you.
Italian latin writer 💥
philosophy like that only sounds good and for giving you moments of peace, in reality, you cannot have a poverty of desires where you don't need 100k a year to be comfortable
@@covalentbond7933 you can associate the quote I hereby embrace with the idea that money causes just as many problems as it solves. chasing money is not the same thing as not having your needs met and being given no choice except to become a wage earner to meet them. You are free to your opinion, just know that you might just be hypnotized by a lot of propaganda
@@covalentbond7933 I don't mean to be insulting, and your disposition sounds very distressed and like you have 99 problems
After mass layoffs, I have defaulted on debts, my savings are lying waste to inflation and my portfolio are gradually growing for long term. Including high interest rate It’s all leading to financial exhaustions and depression. These days I have contributed more in learning how to make extra interest on the side, Using my job to finance my goals, You can't be an employee forever!
Protect yourself against your job, Run a side business or contribute to an open earning project streamline that is unrelated to your day job, that way you develop an independent skill against layoffs.
Big ups to everyone working effortlessly trying to earn a living while building wealth even after the massive layoffs. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.
Our way of life needs better alternative, but at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing holdings at follow -on opportunities.
Fine steps ma’am you could also take advantage of some growth stocks at the moment, every pro is currently bagging on some digital surge. For me, my coach Frost hilda my advisor has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve.
ensure you add value to your life first not always to your employer, everyone is replaceable. I am always making sure of this to ensure my own sanity and future security.
If my anxious 3 am overthinking was a person.
My mom used to tell me back in the late 90’s “they’re destroying the middle class” and here we’re some 20 + years later and they have successfully succeeded in doing just that
Got dang you're mom is right
how come she got that much vision? was she working qualified woman??
It happened over and over again in the past. How much history do you know ? Srsly
yOuR mOm iS a cOnSpiRaCy thEOriST
Your mom was a clairvoyant. I hope you asked her for some Power Ball numbers, bro.
The rich should be worried if the poor have nothing left, that’s not going to end well
The level of security the rich have to pay for tells you they are already worried.
The rich will go to Hong Kong, New Zealand, Israel, Dubai, Switzerland, Singapore, wherever. They have no allegiance to their host country.
Pride comes before …. (fill in the blank)
They won't get out of their house or convert themselves into powerful cyborgs.
Mate this isn't 1942, they will have blinkers with fully automated turrets assuming they haven't slipped some chips into you that they can use to control Ur chemistry or blow up Ur brain lol
Middle class means that you work in management and you help the upper class to exploit the working class. In exchange, you have the illusion of a good life but you can lose everything if you can't produce the expected numbers (productivity).
Your brain on US culture and marxist dialectics. Not everything is about material.
@@jaskamattila4481 Pointless comment and a braindead take. How else do you provide for a family of 4 in todays world?
This is socialist BULLSHIT.
As seen on The Wire. A show about middle management making the numbers.
@dennis4180 Do you realize how much CO2 a family of 4 uses? Starting a Family is an incredibly vile thing to do and is horrible bad for climate change.
"You will own nothing, and be happy" This is why virtual reality is growing. -The great reset.
On point
What's the great reset
Wow
Everything with "Great" in its Name in the 21st Century is nothing but bs
@@carlizancho2it's about turning everyone into slaves and making them work happily for a few rich who control all the resources, mainly by brain washing them with lies and changing their way of thinking
We're in a bizarro world where a substantial percentage of younger 1st world westerners want to get a remote job and live in Mexico City, Bali, Medellin, Chiang Mai, or Vietnam full-time because achieving any level of financial independence from your parents is just impossible otherwise.
I'd love for my youngest to head to Manila or Cebu. Hong Kong or Hainan for a couple years would be great too.
@@mackey480 hong kong is not so cheap...
Yep. I live in the Philippines and lived in Japan previously and Mexico for two years. No way I'd go back to the usa.
Hence why so many american citizens start researching about moving to southeast asian countries to retire. they can stretch their social security funds by 2x to 10x more. not bad to live the remaining 15 to 20 years of their life in a new world. i wouldn't recommend it unless your 1st world country treats you poor and you can't afford housing.
Working remote seems to be good but the problem is the price will start to rise also in these other countries..
I've been telling people that a middle class person is just a future poor person. If you don't own, influence or control, you will have worked for nothing. Being an employee is a dead end. Mindlessly consuming hustle and motivation porn about working harder and being more skilled and knowledgeable than anybody else is coping and denying the reality that opportunities create wealth and these opportunities are shrinking.
Be on the upper end of the dividing line.
aye ownership is everything it's not the "main" thing, it is the ONLY thing...
I totally agree that "being an employee is a dead end." It's like a road you go down, and along the way, everything seems good... until you see the "cul de sac" road sign. Or it's like the man who falls from a building and someone on the fifth floor, looking out the window, asks him: "How's it going?" He replies, "So far, so good!" Right. That's why I quit my (best) corporate job at age 31, became a serial entrepreneur. These days, I teach digital marketing for fun at college at a rate of eighty bucks per hour (I deserve $800 per hour, really). I don't work anymore, I just write prompts and ChatGPT does all the work. I sell the prompts too, of course.
In otherwards, only care about yourself, be greedy, and stomp all over everyone else. You are also part of the problem. Good luck with that.
na man past poor is future middle class , new tech will always lift us out of previous issues , i live in SA one of the places with the most income inquality and everyone has a smart phone now and banks on their phone - gas is available , the only thing making people poor is the government
"This is how to think about your life: the best analogy is the Titanic"... 😅
Jeez man... I work running camps for the youth of Australia, is this worthless too? For 3 days, myself, A teacher and the young ones are without any technology, doing awesome Adventure activities, learning to use their natural rite to communicate their truth to each other amongst the natural world. No, I have not become a millionaire but I've still been able to support my family, put food on the table and to evolve my world in more prosperity... Is this worthless? This work feels so truthful to me - I have seen and been told by so many that these camps are so important for so many. This video is a very harsh, hopeless, nihilistic, very materialistic way of looking at our world... Being rich does not make a person feel blissful - Small steps towards personal goals amongst a community of loved ones is where its at. TechLeads... Your actually adding to the materialistic mentality of the online space by narrowing it all down to money and buying more... Which is ironic because you're also, apparently a minimalist...?
Keep doing what you do lad. My old man does similar work in the UK and the joy he has doing money can't buy...well done keep going especially in a beautiful country like straya!
I Love You. TechLeads can go suck a lemon!
Have a close look at Techlead my friend... he's finished, deep down inside he's a digital gollum.
You are right. The video shows a chart that the middle class is shrinking by a couple of % and extrapolates it into oblivion. It has some interesting insights, but it's mostly exaggeration. Well executed exaggeration, have to say.
I think that he is right in the longterm. But AI and Robots, Climate Change, War can change everything in a few years. On the other Hand, you are living the life, the rich want to live. To be in nature and social, what else can money buy? There is no real security, everything can be gone in seconds. We have to learn to be grateful for what we have I guess.
Literally everyone I know who graduated from college is in massive debt, renting an over-priced 1-bedroom apt., is struggling to pay bills, is single, depressed, anxious, never wants to hang out and is addicted to social media... man, I just want to gtfo of U.S.A.
it's like that here in europe too
The problem isnt the US or any other country its social media and govt tyranny around the world. And since most of the "western" countries work together, it seems like its everywhere.
No one’s stopping you.
Canada is the same
Run Forest run!
Of course there will always be outliers, but the shrinking middle class and the deterioration of the economic ladder are definitely a thing.
Don’t stress Go abroad I’m in Chiang mai now
Need to learn this AI malarkey
@@RetireandGo OH YEAH, go to places with dystopian social credit scores.
@@norskemann1 chiang mai is Thailand :-) But yes, I agree …. I have no interest in returning to China. Went once … done
@@RetireandGo Thanks for the correction. What stood out to most in China?
It's true the age of making money it's over one have to invest in his/her future stop thinking of working for others.
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
@@jeffreyjessica2536yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton@@bridget8162
Pay is stagnant and the cost of things are increasing. Self sustaining, money saving activities have to be intergraded into lifestyles. Otherwise more and more money is going to sucked out of your wallet. Eliminate subscriptions, don’t over pay for something that isn’t going to last you and create more value overtime. If you’re middle class you’re going to have to be smarter than what’s working against you. The goal cannot be riches.. it must be sustainability and happiness that comes along with being self sufficient. Take necessary steps to create passive income and steps to stop spending carelessly.
By ur words u basically don't need money..I can be self sufficient I choose not so
Glad to see Techlead has been seeing what's been going on for the last 60 or 70 years. It's finally catching up with us.
Yeah, it's pretty much reality. If you even want that rich lifestyle, you have to leave a developed country.
@@ATOAgainstTheOdds "developed" in what metrics?
Not finally Financially /s
hes being sarcastic
learn natural law from Mark Passio, we don't need governments, taxes and rent.
My grandfather/grandmother raised 9 kids on a single middleclass income in the bay area. They had a 4500sq ft home in the Oakland hills. It would take close to a million dollars of annual income to pull that off today.
Depopulation is their goal. Since war is out of the picture, they chose the slowburn path.
Likely more than a million, actually.
9 kids?? Maybe 2 million nowadays in the Bay Area
The overlords wanted to increase the workforce back then. Now they want to reduce it. There's always someone's grand plan behind the economy.
Brazil, maybe the world, is in same situation.
Man i was feeling the same from last one year when i graduated from grad school and started earning. Damn and btw I got laid off this year, currently just lost interest in earning money. Because as you said, there's no opportunity. The companies want you to beg them, elure them for an entry level job in this market when I have 4+ years of professional experience. What a fucking crazy situation that you can't even show your face to your family anymore.
head up brother love you man
Wasn’t it always like that unless you aimed for factory work or something extremely high demand?
I am grateful i stuck with being an electrician instead of a audio engineer.
as an aspiring electrician may i ask why?
You're not the only one who would like to know as well! By the time this year ends, I'm thinking I'm going to drop what I'm doing in my film school and go on to become an electrcian instead so that I could find my way into the film industry that way. Thoughts?
@@bobkreme2175from my experience you tend to work quite a bit can even work by yourself because of so much requests of this trade, it pays well also but the ammount of work you do and the type of work you do repels people seeking easier stuff.
Please explain why. You probably come from the USA but to be a electrician in my country you first have to get an electrical engineering degree then have years of experience as an electrician's helper then maybe you can become an electrician for just a bit above minimum wage as engineering positions are either well paid but only for the friends,relatives or political allies of the owner or the engineer is doing the work of the electrician and gettinf paid the same(minimum wage 200usd after taxes from 500usd)
yup, there's $0 money for music engineers like myself, except if you get lucky on bandcamp, even if i get lucky, i only make $150/month on bandcamp, not sustainable, even beat makers and producers are not making money in 2024, but even the beat makers are making more money than we audio engineers
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@theresahv Christine Jane Mclean, a well-known person in her field, is my advisor. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.
Stocks are overvalued. Gold & silver overvalued. Digital currency is an illusion currency that may not be exchanged to currency. Also, many gov. are not recognised it. Everything sorounding is over value and salary is too low to buy...its a problem
@@konstantin.thegreat I think crypto, especially Bitcoin, Ethereum, Litecoin and USDT are here to stay. This economic recession is the perfect time to look into investing/mining crypto. But don't make that your "everything". Start teaching yourself how to actually trade the forex markets, then you can profit from anything from crypto, to currency, stocks, indices, ETFs, metals and more.
My humble opinion for young people. Learn a useful trade - Get a network of steady clients - Stay away from chick commitments until 32 - Budget wisely, but live good - Stay away from people that do not add value to your life. You'll be all set.
thx man
Good point.
That’s what they want The agenda seems to be this at least to me So many labor jobs have so many shortages like he said u can do KZhead or work from home They want more They have major shortages in the nursing field as well Guess what funnel them in Ai is gonna take over all ur jobs bullshit so why don’t u get a trade join the military or join the medical staff hmm
If you're in the West, stay away from chicks altogether.
It's over
I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
As with an my big financial decision,it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe
I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I'm probably older than most of your viewers and I learned the hard way that hard work is a sucker's game. Hard work usually gets you the boot when the cuts come, and the cuts always come. I know that's counter intuitive. When the cuts come, they typically don't care who is the hard worker or anything else. You're a number on a spreadsheet. Hard work may move you up the ladder (although very possibly not), but the top of the ladder is who gets cut. Instead of hard work, try to build a small, loyal group dedicated to getting ahead collectively. This is hard to do and I was not able to do it. I've studied successful people and the one thing I see as a pattern is they always have a "team" or support network or whatever you want to call it. Andrew Carnegie and Elon Musk both had their brothers, just as two examples. Without a team of at least one other likeminded person who has your back, just give up.
Well said. Without having even only *one* likeminded, hardworking & intelligent person by your side, that resonates with you, things can most often go absolutely nowhere, when resistance is met (which it will).
One other person.... You mean a 'spouse'? Interesting... I wonder if anyone had that idea before...
you got me inspired. Now I want to meet someone that i could call a team :')
i gat no friends and everyone is a backstabber i trust no one Sorry dude i cant do that... But i can do it alone too : ]
I know a lot of really hard working people here in Canada that are up at 4am, finish work at 9pm 7 days a week. They're still struggling to pay the bills, have beat up old work vehicles, and can't afford a house or more than 1 kid. Some own a home but are slaves to double or triple mortgages that were the only path to getting one. Every month the taxes go up, inflation gets worse, and their pay doesn't go up to match. It's really sad to see the tears behind their eyes every time they get a bill that's 50% higher than they were used to. 50 years ago these guys would have had several homes and 8 children, all well taken care of.
And yet, this country is taking in a million immigrants annually. Do we have THAT MANY JOBS?? What's wrong with this picture?
This realization came to me about 2 years ago. I waited to go to college for 3 years while working construction making decent money and saving as hard as I could, I got an associates degree in Architecture because it was cheap. Got a great job and have worked my way up to $90,000 a year with no college debt and living in cheap places paying less than $500 a month in rent/utilities. Then I started listening to podcasts of these rich people getting richer and richer while just flexing online and I realized just how poor I actually am even though I am doing much better than 90% of the people around me including my family who lives paycheck to paycheck. It seems impossible to find success.
The main thing that made me feel so depressed is what I see on Instagram/KZhead.
The only sense of hope I have is possibly finding a way to be an entertainer (which feels like its also dwindling because I am getting older) or making extremely risky investments in the stock market (basically gambling).
I can relate. But trying not to compare to others online or anywhere
There is always someone richer than you. It also applies to many other things. For example, there is always someone with better physical shape. It still does not mean working out is meaningless for you. There are so many factors involved when it comes to financial wealth. Do not let the content, rich guys post on social media devalue the things you actually achieved on your own. There is nothing wrong with making 90k a year if that is a sum you are comfortable with. Motivating yourself to make more money just because some other people are richer is a toxic motivation in my opinion.
I had a friend who was an insurance salesman. He got to look at actuarial tables and studies showing how people of all social/economic levels handled their money. He said almost everyone simply spends what they make. Either on stupid stuff, which is routine, but on stuff that moving up in economic levels requires. Examples: 1) You become a lawyer. Now you aren't wearing a $100 outfit, but a $1,000 suit/dress combo. And you'll need a good few of them, custom tailored. 2) You become a lawyer. To maintain the social cohesion and network strength necessary for you to become a partner, you need be vary wary of saving many thousands/yr by bringing your own lunch to work, or eating at McDonalds -- now lunch is $30, or $100. And you'll be going out to even more expensive dinners whether you really want to or not. Your old perfectly serviceable beater isn't good enough any more -- now you need a Mercedes to impress clients and maintain the image of the firm. So for reasons smart, at least defensible, or flat out stupid, most people go into their later years way more broke than you think they'd be -- and often the only thing that saves them, now that pensions are mostly done for most people -- is the ridiculous price inflation on homes. Sell and move somewhere much cheaper, pocket the difference and use it to help fund your daily retirement needs. Anyway, to really increase your financial security, of course prioritize making more money. But just as important, be sure to invest and not just spend spend spend to your limits and hope you'll do a little better at saving and investment next year ...
I love his upbeat perspective.
😂
I’m 53 and the best advice I can offer is to avoid consumer debt altogether, aside from a modest car payment. Buy a modest home that you can afford costing no more than a third of your take home pay. Keep your life simple. Save some money, pay off your home in 15 years if possible. Enjoy your time with family and friends and find hobbies you enjoy. Be content. Always wanting more is this world’s entrapment. Don’t play this game.
I agree... I'm not even sure the super rich are that happy...
So what about young people who got degree and are working a dead end job in McDonald’s people who can’t even get a job in their field? Because of the high demand? No wonder so many people are throwing themselves into crypto it’s all or nothing one golden ticket
For a large portion of this world's population buying a "modest home" is already not possible, after paying their crazy rent for a crappy apartment and paying for their modest car they're left with nothing, especially loners with regular jobs and nothing inherited, might as well do everything to get into welfare and then just sit back. No wonder there's so many homeless and addicted, people just give up. Basic universal income should become a thing.
@@Drian12_1-pn3oithose young people have to start working whatever jobs that require them to use the knowledge they gained at school even if it is a tough job and must gain that experience, then move on to higher positions knowing their value and must acquire skill, that same skill that they will need to completely change their state of being thus changing their states of mind leading to their own plans that will ease their stress leading each to growth.
houses are out of reach now. totally.
As long as they keep printing money inflation goes up, assets go up with inflation so the rich hold onto that wealth, and the poor have to work harder. He is spot on correct.
If there's too much pressure the tank will crack, and the steamboat that the rich stand on will start to sink.
@@artbyddp Very true. Wages are always 5 to 10 years behind inflation...WE WILL NEVER CATCH UP! Over the next 30 years, the west will be on par with the rest of the world. OUR STANDARD OF LIVING IS BEING DIMINISHED, AND THIS IS DELIBERATE ON THE PART OF THE ELITES!
You voted for this. So why complain? You could do better if you are willing to.
@@artbyddp and the poor will go down with the ship while the rich escape on the life boats
@@stevepest4143 LOL, no I did not. I did not vote for the Biden puppet and his globalist masters.
This video has pushed me over the edge to become a homeless man. If I cut my rent, I only need $50 a day to break even at the end of the month. I'm going to get an easy job, work a few hours a day and spend the rest of my time outside or in the library doing what I actually care about. It's over.
I got a nice marriage proposal at 45, but somehow I couldn't make decision to accept that I didn't know what was stopping me, probably, this is one of the reason I guess. It's hard for one to go homeless with family n kids...
Bro don't give up!
@lordgallus7264 don't give up on what? There is no opportunity. There are no wife and kids. There aren't even simple things like a community, shared values, or heritage. There is only work, chores, and escapism. I don't want to play it anymore.
When life has no purpose, there's still a life to live.
Man you're honestly fuxking right..... I won't lie, I'll keep playing the game. But it really is just time before it all explodes and we have to do something else. Its all imploding.
We've been being Vehemently Warned Since The 1970s that In The Future There Will Be No Middle Class, Only The Super-rich and The Dirt Poor! Kind of aounds like The Middle Ages.
Wow! That was a cold dose of reality! I agree! I am 66 years old and drank the Kool-Aid. I graduated from business school and worked in manufacturing in my whole career. I was a corporate serf for corporations that underpaid myself and my colleagues. I had to work long hours, under a lot of stress only to get laid off or fired because I was supposedly making too much money. Manufacturing jobs are going away, as well as a livable wage for workers. I am sick by the arrogance of super wealthy and how they look at people who really work of a living, such as tradesmen and office workers.
That was a cold dose of reality! .... He is telling the truth but the way he is saying like reading word by word from the book, so weird. All the hypes from those promo getting rich fast scheme from the past few years are gone, done, no longer working. Those who took chances and made quick bucks from the Fed printing machine from the last 10 years had it made. Those who were working in the traditional jobs with low pay wouldn't be able to keep up with the high cost of living. We are done. No more free easy money anymore. We just have to wait for the AI and ChatGPT to come up with ways to produce foods for us all.
capitalism is our government friend, we made our choice long ago, well our ancestors did. We will be fine you keep your head up love is strong and it will shine in the darkest places. We just have to have hope. Love you man. Stay strong.
Thank you! I appreciate the support!
Nice rant and totally agree the middle class is being pushed to the lower class. Just look at the lack of pay increase for us Australians for years and years while the rich are getting richer and inflation getting higher and higher. Lower class and middle class simply have no chance to catch up to upper class. The only consolation is death is the great equalizer unless the rich and powerful finally cracked the code of living forever.
We praying for you cuz. 🇦🇺 🇺🇸 Same on this side of the planet. Wage stagnation since the 70s when taken inflation into consideration.
These fuckers like George Soros and Henry Kissinger just refuse to die somehow.
lol if its hard for you in Australia, imagine living in Brazil, i've been living in NZ for 5 years and my life haven't changed at all, i feel poorer than i ever felt even tho i make at least 5 times what i used to make in Brazil.
Not really unfortunately cuz inheritance...
Yeah but you keep voting for the Coalition.
I am middle class an have been for over a decade. I have tried to be an entrepreneur several times and each time my businesses were in the red costing me money that I earned through my traditional “working for the man” 40 hour a week job. I have settled to realize that my best bet for “freedom” is working for the man, saving as much as possible for the future. I’m scheduled to retire at 59 years old. I have had several medical issues so far and I’m a cancer survivor to top it off (still working for the man). I can only hope i beat my retirement goal and don’t have too many medical issues by then. Not to mention I’m probably at my peak pay for my lifetime. It’s all down hill from here.
the medical stuff will probably bankrupt you tbh
Im sorry to hear that. Take good care of yourself with diet and exercise. Good on you for beating cancer. I’d say if you can find a company with a 5% match or so take it and that will expedite the process. Or you can take some risks by managing your own assets and buy tech ETFs. Maybe even some Btc. Good luck on your journey. Stay strong🙏🏽
Daum. I better pick you up You need to drive off a cliff more than I do
You could ask for early retirement and access to pension from 55 due to ill health. Also don't resign, let them dismiss you under capability for ill health as companies usually pay out a lump sum for that.
take social security at 62!
I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us, I now earn every week. You’re such a blessing to this generation, we all love you
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I make $18,300 weekly through trading which is more better then my monthly salary job. Trading becomes my passive income.
I can relate to all you said becaus am facing similar thing right now. Congratulations I wish you more success.
I have been saying this lately i just stopped fighting so much and i followed my joy.
"Just accept that you're not going to be rich enough to disown your parents and disown your friends and then you're stuck with no opportunity... think of your life as the Titanic." This had me rolling lol. It's funny, but it's funny because it has so much essence of truth!
I would rather die I've made the decision a long time ago in life
this is why you're poor and I'm rich
We're in an era of widespread hopelessness, depression, confusion, and apathy. A a large segment of the population is simply not in a psychological state that will enable them to have long-term vision. I think if you can somehow retain a sense of purpose and inner drive, you can be phenomenally successful today and into the future. The problem is getting and keep that drive. It's harder than it's ever been.
This is how I got rich”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.
researvh the name, if you care.
REBECCA MARTIN WATSON
Just found this channel, I can see why minimalism is a solution for many. Trying to have so much thinking that your life will mean more, is only depending on the market. The 401K is a failure, owning a home is now extremely expensive, the bar is always raised and you feel like you have to work until you die just to make ends meet. I am very hung up on the stuff aspect, everyone wants so much stuff, none of this goes with you. I just buried a relative that had more than I ever will, dies with nothing but a nursing home bill after liquidating her entire life. This channel is a reality check.
I'm a general contractor with a multi decade track record of successful business and I used to have young men beating down the door each spring to get on my crew. Now no one comes around and I have lots of work but just a small crew to do it. It is very frustrating and all the businesses I deal with have the same problem.
I'm a finish carpenter and there is not many men joining the trade
Watch Peter zeihan (geopolitical analyst) on this. The trades are generally not attractive to gen z because they are: 1. More inclined to code things 2.antisocial for a number of reasons.
I was gunna be a carpenter, then a saw a video of a robot laying out drywall, then realized it’s starts out at around $15/hr (less than I make working fast food) why would I start a career in something that won’t work out in neither the short term nor long term… anyway starting college in fall for CS, even if software jobs don’t work out like he suggested, it’s still a science degree and there’s plenty other fields I can get into paying way more than most blue collar jobs that I won’t break my back in just for some robot to replace me when it finally starts to make me a decent paycheck
@@josephferrel8830 read reply above
Where you located? If you're near Baton Rouge, LA then I only need to know where to turn in my completed application forms at ha. I'd happily be willing and ready to start right away.... My luck will have you located in Washington state or Oregon somewhere far far away
That is the best and happiest news I have ever heard yet! Keep it up brody.
Thank you so much for this.
"Rich Dad Poor Dad" is still popular in developing countries, like e.g. some African countries. BUT i feel like in US/Europe people just dont care anymore, housing/life is so expensive that mindset of "either big money will come easy to me or its not worth it to invest my time/health" was born. I feel like we will be looking at huge socio-dynamic changes very soon, middle-class cant be destroyed without deep consequences.
A lot of 20 and 30-somethings feel like the only way they are going to get on the property wagon is to invest as much as they can in crypto during bear markets (while living at home rent free) and pray that they pull their own rug on the other investors at the most optimal time in the bull market. Its just friggin' MUSICAL CHAIRS. Not a real economy.
I am Gen-X and Rich Dad made me own couple of houses. It works for me. ps. I am building 2 more how.
"I feel like we will be looking at huge socio-dynamic changes very soon" ...hmmm, 100% agree. BTW, have you taken a walk outside lately? "middle-class cant be destroyed without deep consequences." mmmm hmmm, As I sit here in the financial district and listen to somebody outside somewhere: "eeehhhh. aggghhhh! ehhhhh.... uuuuahhhhh. yyeeeeeeh eeeeghhh. eeeeeehh. ......aaaaaagh... "
Rental income is timeless advice regardless of geography. People need roof or shelter to live in.
@@alfredhitchcock45 Especially in this era of AIRBnB + digital nomad+ WFH.
This is the first time someone is actually saying things that others just for some reason try and deny.
Rich people deny it because they want you to continue wasting away your life grinding for their wealth while you struggle to make ends meet for 50 years :)
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point. I came across an article highlighting individuals who achieved profits of up to $150,000 during challenging market periods. Considering this, I am curious about the best stocks to purchase now or add to a watchlist.
"Pencils down!" - Me having fun, while drawing and listening: (0_o)
:P
My tactic has always been, to work only as much as necessary and to cultivate a simple lifestyle.
All people want to do now is listen to people on youtube like techlead who is monetizing depression, 😂
Monetize depression, why haven't i thought of it before? Stop the presses!
He said "It's over" 😂 😂😂
That is brilliant.
Couldn't agree more
CAP!
That's why it's still attractive to be a criminal
Man I needed this video. My 9-5 job with insurance is the only thing keeping me a float. None of my side hustles have paid me anything. In fact, I’ve lost capital. I have also lost mountains of time. Maybe I should accept that I’m gonna be poor and enjoy it.
Klaus liked that.
ok but what about the experiences you gained through your side hustles? I like investing, I have not earned a lot, but I understand the financial world way better now thanks to that. Would not call it waste of time, better than scrolling
@@erf2324 Valid points for sure. The main thing for me was the lost $. I am still doing ok because my 9-5 is a good job and I live with my family. However, no Denying I would be in a better financial Position if I didn’t spend over $3000 on failed drop shipping. At that point, it may have been better to scroll. Depends on how you look at it I guess
It’s pretty normal that u will fail often before u make any money with sidehustle/startup/entrepreneurship
Nailed it bro. First understand life, THEN be realistic about the possibilities. N be prepared to be average cuz nobody ever tells u its a life sentence n most will be average at best
This is very true.
All depends on what you consider "average". Spiritual wealth is just as important as financial wealth. Being content with little to nothing when there are still millionaires out there who are absolutely miserable.
@@recklessnotion1899 that's good but there are obstacles that only money can get you past unfortunately. Artists, writers, musicians hate this because they don't want to care about money, they want to care about their work. But you need money to buy the freedom from needing to work in a full time job
I went into an industry to help people from 2008 onwards. Completely thankless career and I’m now in a position where I can’t help myself financially. I always knew it was going to heavily impact my life but nothing like worrying about food and shelter long term in my middle 30s. I will never be able to own a property or have kids financially, I can’t catch up. I tried to invest and lost half my money in desperation with where I’m at so now I’m really done. It’s truly insane where it’s all at and ultimately we are progressing a into a future that can’t afford people going into nursing, teaching, police work, social work etc You can already see the effects of this flowing throw in different parts of the world It’s all extremely sad
use this as your motivation!
Your story can be read a million times as it is the way it is going, and it will get worse. The food is destroying your physical health, and the economy your mental health. I am old and have traveled the world over the last 50 years. I now live in a third world world country in a village on a few acres of organic soil. Study how nature works, as it can feed and house you. The first world is toast as the debt bomb will destroy most people who cant feed themselves.
@@smithofevanPretty shitty advice. Don’t know what you want him to do with that
Some one will still need to do those jobs- Unless AI eats it all-
@@katherinechase3674 Jobs like nursing and much of the rest of healthcare aren't going anywhere. Unfortunately, they have become much more corporatized and the level and intensity of work expected has become absolutely brutal and sometimes even viciously uncaring.
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved. Anyone who is not investing now is missing a tremendous opportunity. I appreciate Maureen! Imagine investing $1000 and receiving $4,350
I think to combat the negative effect of inflation, it's a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, crypto and real estate, since this can help protect your portfolio against inflation. I've heard testimonies of people accruing over $550k during recessions
I would really love to know how much work you did put in to get to this stage.
Maureen Toledo method is the best. Got her info on ABC News in December 2022 and started following her lead and it's favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
PLEASE HOW DO I GET ON THIS???? How to reach her I'm interested🙏🏻
SHE MOSTLY INTERACTS ON TELEGRAM!
TechLead gives me depression on a normal day to day level,and Kurzgesagt gives me depression on a Universal-quantum level.Thank you both.
Also Michael from VSauce . He is smart but no one should be given this amount of existential dread .
I think what I’m trying to achieve is turbo nihilism. To disassociate so far from reality that literally everything is entertaining.
The ratio of truth/sarcasm is always tough to discern from millionaires
Good luck with the American dream 😴
😂😂 When the raw straight cynicism hits hard enough to make you laugh out loud uncontrollably you know this hits close to home.
Whenever I am feeling hopeful, I watch one of your videos to feel hopeless again
Always giving a different perspective. Thanks for adding your unique take as an ex Google ex Facebook tech lead.
There is a lot of truth to what TL is saying here. And I say that as a Gen X millionaire. I feel like my generation may be the last one to be able to apply the model of wealth building by getting an education (which was reasonably priced when I went), getting into the corporate world and moving up the ladder. Unfortunately the rug has been pulled out from under us Gen X’ers before we could get to the retirement finish line. Then again, every generation has its own challenges to face. You can still make money, but you have to keep your eyes and ears open, be willing to learn at all times and be willing to change course at all times.
I think gen z and x will have to work together and fight back the older generation that has put this in place will eventually die off but we have to plan
You summed up my gen x experience exactly. Looks we we are about ready to get chopped off at the knees. Thank God I grew up poor and learned being broke sucked. Saved and invested hard my entire adult life. At least I have some cushion to land on. Many of my peers do not.
@@THEREINVENTION_ How ? I'm all ears.
@@THEREINVENTION_ Yea, with all that better healthcare and stuff we might be in for a loooooooong ride boi. People living over 90 these days isn't uncommon. We'll have to support their retirement quite some time.
All you did was have a double credit cycle at the end of the long-term debt cycle. No one was "smart". They just understood money, which wasn't taught. Now that people understand money, we're not allowed to use it
Im in the boomer generation. One thing I see are my aging coworkers getting heart attacks, Parkinsons disease, cancer, dementia. I just focus on staying healthy, working out. You can work hard and stress out , it will just get you sick in the end. The health care and big pharma love sick people. So stay active and healthy my friends , as best you can!
Best advice, my father is in his 60s, studied a lot, made a lot of money, now he is sick, getting older and sad, the best advice for sure is a healthier lifestyle, life is short, have fun
what is life worth if you don't have your health, nothing! all that work to die a slow and painful death, no thanks!
I think most of these illnesses come from the food we consume. Most of these sicknesses didn’t exist to this extent a few hundred years ago.
Let's break down some of the economics: 1. Working alone has become less valuable because in younger generations both women and men work, while this was not the case before, when viewed relative to scarce resources which cannot be increased by more productivity. Such resources are limited, so more working people means more household income means higher prices relative to wages. 2. Housing and other region-bound scarce resources become more expensive relative to wages because in desirable regions the influx of people is higher than housing and infrastructure have been increased in many regions, and can be increased in the near future. 3. Capital has been made available almost for free during years, and with low interest rates, people and companies who have more capital can borrow more to invest, making the rich richer. Labor has become less valuable in comparison, as wages do not automatically rise with lower interest rates. That's because lower interest rates can be profited from by any single individual, while wages require a coordinated effort to increase, which we've only seen recently. The abundance of capital that requires very little ROI has also directly and indirectly (through higher government tax income) caused low productivity jobs to fill out the labor market, essentially causing 'full employment' but with lower productivity. This has also put more upward pressure on house prices. I cannot stress enough how much 1, 2 and 3 are related and at the core of the economic situation. 4. People who don't work, but for example receive pensions, or benefits are not contributing to productivity but can spend money. Aging populations have a pressure towards less supply, more demand, but only in part of the economy. This has been predicted for a long time (since before WW2 for sure, ever since the pension system was started this has been the main point of criticism). 5. Then we also have more older people dying, putting wealth that has often been unused (their savings & home) through inheritances into the hands of younger people of who many would actually want to spend that money, to for example move to a bigger house (or other investments/assets) or just general consumption, further increasing inflationary pressure in those areas, such as the housing market. This was my observation during the past 8 years and I've been calling this out since 2015. Back then we were in a good place to prevent all this by limiting immigration and increasing interest rates. We are now actually in the time where things can be turned around since the system is under too much pressure and more people are recognizing that there might be a problem. Those who studied history know it is usually like this: things have to get really bad before they get better.
It's over, for the old paradigm. I think, it's time for a new one with different types of opportunities. Even without any money, there are still "things to be done" about the lives we live. We can either slouch around with nothing to do, or we can create new routines with whatever resources we can find. Like making a field out of dust or a ball out of leaves. That old hustle might be done, but surely there's always something else we can do. That's where we get creative!
no, we can fight back, employers dont fear us because most of us act like sheep, once they fear us instead of the other way around, that's when we win.
Exactly 💯, I know I won't be rich, but I'm not about to lay down either ....we have much work to do; this isn't humanities first rideo with disaster 😂
I'm a GhostWriter and what Techlead is saying in 100% spot on. I've been active in copywriting and money making communities online. In these people discuss and share nothing but ways to make. To me, I beleive if you want to go big, you have to find people already making money online and learn from them to outmaneuver the system that is being created right now.
People with money only want to talk to people with money
The middle class always has been, it always is and it will always be, as Dao always is as well. You can see things in duality if you prefer directing your attention towards it or you can choose to come from the neutral point of view and aknowledge that duality dissolves into wholeness by complementar unity - one serving the other. I personally think that working hard is a misleaded perception and a false belief which has been somehow indoctrinated by society. It's not about hard work anymore when you do what you love, purposefull and with soul driven intent. We tend to feel like working hard if we don't come from this place and state of being because we may haven't found yet what's ours to love on doing and we may have decided to go for a job which doesn't fulfill us, in the need of being able to pay our required bills and daily life. How about turning the idea around and asking how this could help us instead of complaining about? What if this may be an opportunity to even deeper cope and go within, getting to know yourself more, to thrive, learn new skills and fulfill your desires which you couldn't till now due to lack of time? Unfortunately people tend to stamp and say that something is impossible till The One comes along who proves that actually All is possible if you have faith and believe in it. So how about instead of letting our energy disipate by destructive thinking and limiting believes we start our breakthrough, getting even more creative and bigger than we've ever been before, expanding further on or perhaps, if you're so much against it, maybe you may want to find a niche which cannot be fulfilled by A.I... after a while, the imperfect may be even more apreciated and may have a revenue...remember the 50's-70's-90's ?...they all had and have a revenue, a comeback, being included as a trend nowadays. What if we see it as an opportunity to strech ourselves and go beyond our self made limitations? People tend to long for the better, for breakthroughs and improvement. (E.g: in art and design the idea of using primary colors together was a no-go and 4 years ago it appeared as an innovative trend to combine the colors red and blue, marking a need for breaking constraints, reaching out, breaking free and becomming bold.) There are life patterns repeating. Thomas Edison was one of its kind who revolutionized and implemented the beginning of a new era, a massive change was needed in order to propell ourselves forward, like it's been needed now as well, especially due to the last 4 years. What if, with the need of the job position as an A.I. promt engineer, earning 300K a year, not only salaries rise but even new job opportunities show up... with answers for the question of how and what we could implement and do in order to keep our personal heart and personal light undigitalised? We may find in this field new working opportunities as well. Maybe we may even reinvent and reorient ourselves, having even some more time for restoring nature and providing helpful and needed solutions herefore. Yes, there may be shitty stuff as well and, as life always prevails, the question is: how do we prefer to see, what do we choose and how can we aknowledge it in a constructive helpful way, being there for us even more, making our nurturing contribution for ourselves and the world we live in?
This is so spot on. Even my "upper income" relatives are stuck building their passive income streams which is exhausting until it establishes itself to really ball out and travel meanwhile they sit with their money lonely and depressed and overworked.
That's what is wrong in this video. They seem to have just labeled the "middle class" the "new upper income class" in those graphs/charts.
my upper income relatives got fully injected so_im like their income doesnt matter 'cause theyre outta here soon_they travel & try to impress people in their spare time_otherwise they work work work_for what_i wonder where all of the money will go w/ the people who got fully injected but didnt setup any kind of trust funds because they dont realize they volunteered for 'progressive euthanasia'_the neo-feudalism world coming is gonna be about who has land/property_who has farms/food_thats' it_the whole work for money exchange is over
a lot of rich people spend their time simply trying to make the number bigger, their life isn't all THAT different
Well observed. I was in this trouble too but recently had a change in views. I no longer aspire to build passive income in order to do nothing. I now aspire to build a rock solid basis and from there on perform fulfilling work as I please.
@@australianpatriot "a lot of rich people spend their time simply trying to make the number bigger, their life isn't all THAT different" Well, I'd rather to focus on how to expand my money into bigger money than to focus how can I pay my food for today, or how can I afford to put myself under a roof today! It is about making it a hobby. I guess you need to look into the perspective of a lot of these rich people ( which they are probably is the first gen rich people) that knows how it sux to be poor, so they keep hustling for more money, it is a lifestyle than necessity! It may be exhausting for you, but it became a hobby for them!
Thank you for those inspirational thoughts 😂 It is nihilistic stuff, but necessary analisis. Priorities needs to be re-directed.
'A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty' - Wise words, you are experiencing a skill issue
Well, this has always been the case but today we have a bigger problem. Progress has never been as fast as today. We reached a point at which it is extremely hard to find an opportunity that can not be beaten by AI in a way shorter time. We have never had such a sneaky rival. We do not fully understand how powerful this is going to become. It is improving itself already.
Bruh
This is one of the greatest youtube videos ever produced.
I agree and it's only $1.96 as we speak. 👁️🦢🧀
I joined the Army at 17yrs old, went to college, and have been working ever since. Making $100k a year to be apart of the middle class America dream. All to watch it drift further and further away as each year passes.
Mate you just laid out what I was telling my wife she thinks I'm over exaggerating when I spoke to her about middle class been dead and hance the reason why I'm pushing to have 3 start ups and 15 employees on a fully automated system all responsibilities outsourced while I live peacefully in my tropical rainforest paradise backyard Cheers 🥂 mate.
Sounds like a fantasy
Fantastic every fantasy is a thought process if given fruition it becomes word then word becomes physical. If you don't understand that process. You are that fantasy.
We're watching you work hard! 😊
This was actually a great motivational speech. Brutal and real, yet motivating.
He was always full of bullshit, but is even geting better in bullshiting
Agree
You didn't get it. It wasn't supposed to be motivating.
the greatest inspirational admonition is " you cant do it "
This was definitely not motivating
Even after hundreds of videos I don't know how much sarcasm is put into this video 😀 Funny fact: You're describing what happens in Germany since years - middle class is basically vanished here... Waiting for the next video, title idea "Make money when no one is making money."
@@WhyteHorse2023 Wrong, he is obviously being at least semi-sarcastic. This is social commentary. He is saying people these days are stupid and unmotivated and lazy, they are superficial and entitled and not willing to work hard. And as a result, society has lots of problems and it is over… unless the culture changes.
Yes and he said it in the vid: "maybe set up some passive income stream..." thats the big art now. On the one hand he is right, everything gets harder. On the other hand I always think: in other times, like right after WW2, it hasn't been easy too.
@@EnderViBrittania How the hell can you tell, cause from many in the job-market right now he didn't propose one fallacy? Even if he were sarcastic, all of his sarcasm is so damn close to reality you couldn't tell the difference. He's a shovel salesmen in a dry mine and if there's opportunity in this hyper competitive market at the end of the Pareto distribution who the hell could keep up other than those riding the wave?
@@EnderViBrittania Indeed. It's parody+sarcasic in one move.
@@chrsl3 After WWII was a boom time after the first year or two. The US had some of the best GDP growth prints in its history. It was a golden age. Now the only way we get positive GDP growth rates is with an even higher inflation growth rate and trillions of new debt.
I like how unbiased he is great content my man.
The honesty is priceless!😂
Being a KZheadr you can make decent money, that's like one of the best jobs currently. It's like running your business, and you just need to give people what they want. It's like businessman offering product/service that people want or need. Of course it can be tough to start your channel, but there is now so many tools (like Famester for example), which helps you to kick start your channel and never worry about algorithms.
Thanks for the tip!
I feel that having a YT channel is much more time consuming than having your regular job/ career. You're right, it's like running a business and the owner has to put in a ton of hours to get things off the ground at the start. Another great money maker is investing in dividends while feeding your passive income growth through your regular job. But that's another several years grind for the payoff
@@dannyVulture I got a lot of money right now. I want to scale it in atleast 1 month's time. Tips, tricks advice? Or can you reference someone who can help me scale?
My wife was advising a woman in the Philippines on how to make money, and she suggested being a KZheadr. The woman finally got enough subscribers to the point where she was making money. The problem was that it was only a few pennies. Some people will do well as a KZheadr, but most won't. The woman now buys cat food in bulk and sells smaller portions to her neighbors. It's a lot more lucrative for her than being a KZheadr.
Thats Bs .How manu KZheadres actualy make any money ? Its low number af . If you see one in a million guy did money on KZhead .it dosent mean everyone can be thare .Its quite limited place with alot of people wasted thair lives completely .
As someone who is working 40 hours a week, at around 17 an hour, and struggling, i agree. Been looking for another job but everything looks hopeless. Most jobs are paying less than what I’m making now or require training I don’t have and don’t have the money to earn those qualifications. I’ve been trying to come up with a solution where I can work for myself because I hardly see my family right now, but I’m exhausted all the time from work and taking care of my house and kid that my brain doesn’t want to expend the effort.
You can try switching to working a remote and work multiple remote jobs at the same time. It's called being over employed. I won't be easy, but at least you'll be home with your family. I hope it helps
17 an hour before taxes is literally wage slavery dude. I make 1.5x your wage and work at home with the comfort of my family
@@SM-sc7nfgood for you. Watch out for the layoffs 😂
The mistake was having a child before becoming financially independent. Now you are just on the hamster wheel running, and there is no way out.
@kurisu3000 I work in a very niche medical subcategory industry, and our company is thriving. Our company is acrually is a bwtter financial position before i got hired because we cleaned up our a/r by a huge amount. Go on though.
This is my new favorite motivational video.
Me trying to get out from depression; And then there is techlead .... The worst in all of this, is that he's right.
I prefer watching directly the spider than knowing it is in my bedroom but i ignore where it is . If you know what i mean :)
I love how real this video is. It is strangely calming.
Because you are already rich.
Wow, you just encapsulated my life long questions of "why am I alive? who am I doing what for? why?" Thanks, I knew I was destined to be broke and happy.
ze bugs
It because your parents procreated instead of thinking that through.
dying hahaha thx bro
good luck I will call you when I will be hiring janitors for my company
I can totaly relate to what he is talking about! Been there, done that, I am done with it and fed up.. Otherwise I have not been turning myself towards more consum orientated content but rather spend quite some time digging into spirituality, philosophy and try to shift my life towards those enlightenments, although it's not that easy either :D
He is absolutely right, allot of people suffering, including myself
Never would have imagined that my AMZL4S bag would be as big as my quant bag and bigger than my hbar bag but here we are.
Unfortunately, one of the things I’m glad about is that I no longer have to battle this out with my Boomer mother, as she passed away last year. Because her points of reference of getting a college degree, maybe a PhD, wearing a suit, getting into a decent company, and wearing a suit everyday, had been dying, since long before she did. For her however, and I KNOW other Gen X have gone through this, even through the recession which took me about 8 years to really climb out of, I was simply lazy, couldn’t see the bright side, wasn’t even applying for jobs and, ultimately to be discarded as a bum. I earn an OK middle class poor living, as a creative in Pharma. I know I’m poor. I may not be as poor as someone earning half that, but with hyperinflation, I will never be rich. As I am inheriting my mother’s hoarded home, that will be the bill of what I have, for my 5 seconds of retirement, if that. I do feel a teensy bit sorry for Boomers though. They’ve stuck to the whole “We we’re the best generation!” all time find out that they’re caught up in the same mess. Although I’m nearing 60, worse is that some of them still feel they’re the best generation ever - as long as they can snatch up the life of a Gen X or younger and rename them Long Term Care + Retirement Funding, just to find out that no one is working their 2+ jobs to fix someone else’s lack of due diligence. The woman who lives beneath me? Early retired, now ill, now soon to be evicted and was hoping to latch onto me or another neighbor. Sorry. Certainly aren’t entitled to free, private healthcare on my back, when I’ll be unlikely to retire.
Get therapy bro. Disgusting what i just read
You sound very disrespectful! Seriously your "boomer mother" ?
@@russellpeacock yep and some of them don’t mind telling you what nothing you are. Even right now, when I go to work, I know that place doesn’t operate like it did, just 5 years ago. Back then, we were working OT, getting things done. Now, I come in and I sit and stare, maybe I answer one email and go home. For the “high initiative” types who advise that you then ask for work, first, you’re alerting others that you have nothing to do - red flag. Second is that, there are a lot of others who they and their jobs are gone. The place is half empty. Third is that I’d have to be retrained to do that other work. Fourth is that those who are left may not be utterly asleep so, they aren’t that quick to train someone in what they do. But, if my mother were alive, no doubt, the whole market is my fault. At your age, hate to say it, but you’ve got to stop listening to your parents. They may not be in the market, with their butts on the line everyday, seeing what you see, experiencing what you experience. Whatever you say is jibberish to them, because they feel they come with a lifetime of experience and they have no idea how fast things change or even degrade. There are also people who have a completely different POV. There’s nothing I see in everyday life that is having an upward trajectory. But there are people who see nothing but up. Maybe their in a different tax bracket. But what they see, has nothing to do with my reality and the reality of those whom I know. So, just be observant and realistic. Learn to see patterns and likely trajectories. Because, if you don’t, you’ll be living in someone else’s reality, without the backing to actually support it.
Live below your means. And invest
@@andyc9902 Indeed, Sacrifice short term for long term success. Find exploits in the system, Things they don't want you to know about. Abuse them. Get to their level, But then don't be like them. Get to their positions and then change things. Play smart. Be the same monster but one on the side of good.
Most honest man on the internet.
You might be the reason someone gave up on life altogether, well done!
Lol
While everything said is basically true, my experience is that at the very point I hit the bottom, incredible things happened for my wife and I. We are old school and retired now but let me just say if you are living to make lots of money, then you will never be satisfied or happy. It is the climb that you need to enjoy, the view from the top is nice but it's fleeting. Enjoy the tiny little things to be happy.
‘If you happen to see an opportunity, and you want to change classes from poor to rich, then you may want to go after it quickly because it’s not going to last forever. Make a conscious choice now if you are going to be poor or rich’ That’s the key takeaway. There is self help, between the lines.
So if photography and the arts is what I want to do either start now and go all the way instead of waiting for perfect time..correct ?
@@guap8391Yes
This is wrong lol.. there is not and has never been a time limit or “shot clock” for getting rich 😅
You may be rich but your kids will most likely blow all of your money anyways. We have to get back to the basics and just enjoy life. Keep it local and stop playing their game.
This video was awesome. I think for me personally, I need to create a better work/ life balance and use my income to help fund my music career. Save as much as I can and invest where possible. If my music doesn't ever achieve me financial freedom, at least I'll have a job that funds the only things I really need. That being family, a home/electricity and food/ water. I'm not going to stress over becoming someone else who has access to different opportunities. I'm just happy with what I have for as long as I have it.
Do you know how to sell your music?
@@AlexanderTheGreatMan Nope
I'm at 5:30 and I wanted to say, it's fun to create things and build things and work towards goals. People don't talk enough about that. So maybe we should shift our focus from money to just making things that we want to make.
That's communism. And I'm not joking. It appears that communism is good then
Rich people are quit stingy
👍👏👏
You want to just enjoy building something and make no money out of it? How will you earn a living when you spend all your time building for fun?
@@codyrays8129 Serf by day, build for fun by night. We DO have examples of folk who did that. My all time creative superhero Drexciya did that: drove trucks by day and made the most challenging, groovy, amazing techno by night. For decades. Sometimes you just have to go low in terms of fiat to get high in other things that have their own value.
I tried on occasions to convince people of some of this phenomenon starting 20-30 years ago, and people hated it, and argued and probably still do, but it is WAY more relevant today, and you did well explaining it.😔 What's it like thinking this way for so long? You don't get caught up in the BS that's based on hot air and leads nowhere and ends up ruining some people's lives, particularly when they were overly committed and naive. Ultimately you need situational awareness; this doesn't happen if you narrowly focus on positive psychology, for example. You need a robust capacity to handle uncomfortable information without it causing you dissociation, etc.
Damn dude that last part.
Very well said, especially the last sentence.
it's never OVER. You either adapt and survive or you perish. But it's never OVER.
Its over for people to get rich from nothing, sure there are always people win lottery but thats not what we talk about here
@@BYAATC immigrants legally show up every day and build businesses and futures. That is why they come. I guess no one told them it was impossible.
@@NEWHAMPSHIREGUY What are you talking about? It's a flood of illegals in America that benefit from the taxpayer. Stop buying the myth of the "hard working immigrant" that died a while ago
@NEWHAMPSHIREGUY Yeah, it can never be over whatever happens
@@NEWHAMPSHIREGUY Immigrants get zero-interest business loans, and every advantage known to man. White people who grew up here get nothing and get pushed to the back of the line.
totally agree. very well said.
its always been like that, rich get richer, poor get poorer. the delusion people get that all of a sudden they can rich and retire at 20 years old is a fairy tale. 99% of people will be mediocre, that is reality of life.
Truth
Many people get sudden wealth in the world of crypto while others become destitute. Securing your future is in your hands, therefore invest today and become a winners for life
Investment is one of the ways to succeed in life, you can invest without waiting for government. Invest in yourself and become successful.
Crypto currency was my only source of income during the pandemic. However, Elon Musk confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.
@@user-li6kp7qv5kYou're right, most millionaire didn't get rich through savings and that's why I'm diverting and investing more in digital market
I'm highly devastated, I need help, I lost $15,000 on a live trade what should I do? >
@@robertl.andersonI highly recommend Expert AVA KIMBERLY, she's my current broker and her working experience is wonderful💯
Over working is over rated. I used to be a workaholic until i realize at 42 my life is quickly passing by. Ive had a ton of associates and family pass over the years and it made me think. When will i start enjoying life?
The black mirror episode “15 million merits” imo best paints a picture of the future (albeit a hyperbolic picture) where the new class system is essentially based on your ability to entertain and influence others via media. If you’re not an influencer of some kind you’ll end up a mindless consumer doing meaningless tasks to earn digital currencies for meaningless items. If you are an influencer than you get to experience a more expansive yet still limited reality where you still don’t truly own anything but you get more access and more “privileges” than the working class.
thats already kinda a reality, influencers make millions, the company hosting the influencers make billions, and the consumers get nothing and waste all their time and attention.
@@piggy4651 Facts.
"Dance for us monkey."
I don't know what your channel is about but whatever it is, I am subbed for your great words!.. ty
Thanks for the video, really motivating. I now really want to work as hard as i can trying to find a way making money to prove you wrong.