The Key to Building Wealth
Вставка
- Опубліковано 25 жов 2024
- Taking applications for managerial positions at the Wetzel's. Sign up below 👇
Twitch | / atrioc
Twitter | / atrioc
UA-cam | / atrioc
VOD Channel | / @atriocvods
Reddit | / atrioc
Edited by | ædish / aedishedits
Background music | multiple tracks: @massobeats
Outro music | @CMT8
#atrioc #clips #twitch
I enjoy the content on this channel. Small topics that don't necessarily fit into big videos like MM's and I don't have to dedicate time to a long stream or VOD to get good info from it
5:30 is exactly what slime did to sliker LOL
Big A treasury bonds are state tax free unless you go through a 3rd party like public.
Csgo is the new stovk market
Csgo is the new stovk market
Csgo is the new stovk market
Csgo is the new stovk market
Cs2*
@@sk0kiE ☝️🤓
As a new Zealand chatter who's home town has been destroyed by real-estate moguls and investments, yes you should definitely invest big A, and please maybe let me rent the house for cheap or smth like I'm dying here
The classic
Big A's hair looking damn good today
All of my wealth is stored in Dragon Lore
Companies are always going to try to influence government, at least with lobbying there is a public record of who is a registered lobbyist, and some limits on what they can do. For example, they have a max amount they can spend on a dinner or meeting with a politician. The main issue is that they are allowed to use campaign donations as leverage. From the pov of a politician, they want what will get them re elected most likely, and if the amount of money from donations for their campaign out weighs that of public distaste of them, then they will take the money. That being said, there are some lobbyists, especially smaller ones, that want there to be a ban on campaign donations being used as leverage to make lobbying more fair. All that to say, it's complicated, and I think that concluding that it is all bribery and fundamentally imoral is not a fair statement.
I think it's also worth pointing out that campaign funds don't guarantee an election win. Having more funds can definitely be an advantage, but candidates have lost elections where they had double the funds of the other candidate. If you asked the average Senator whether they would rather gain $10 million in campaign funds or 4% of voters, I'm pretty confident that the vast majority would pick the second option. Money isn't unimportant, but it's less important than voters, so it's pretty rare that a politician would support unpopular bills just because they received a donation. Generally, lobbying and campaign donations only have influence over issues that voters don't care about, mostly niche legislation relating to businesses that very few policymakers will have the expertise to actually understand, so they rely on businesses and lawyers to propose changes that the politician may decide to support or oppose. It's not "Democracy", but it isn't undemocratic either, it's democratic pluralism and - sometimes for better and sometimes for worse - it's a necessary part of representative democracy.
This is not financial advice... The whole thing is financial advice😂
Alternatively he should have a trust setup for himself to protect him from himself/his family, instead of government bonds. Also the bond needs to be like a 20 or 30 year note.
I think the bond is just a short term solution, to figure out how to deal with it.
Why would you want the money inaccessible until midlife? Having money earlier when it's necessary is so much more useful
@@DanJanucik that’s why a trust is better, getting 6 month bonds as suggested won’t delay the problem enough. Not saying that all of the money needs to go into that, whatever he can invest in himself should be done immediately because that usually has a higher ROI & locks the money somewhere that family won’t ask for it as much if it is being used for something.
@@DanJanucik if the point was to have something to point to that says I can’t help with your dumb idea, just lock away a good chunk of it somewhere where it will grow but be untouchable.
@@DanJanucik importantly, bond interest gets paid out every six months…so he would have money to live off of & help people in a sustainable way without risking all of it.
Really love your masculine sweater keep up the great content
he's masc maxing
I've made more than 10k on skins (sold out now). Spent less than 350 real cash on games and steam hardware over the last decade. If I could get those kind of returns irl that'd be sick.
Of curiosity, how did you do it?
@@Alexiztheonehe didn’t lol
another fire clip big a
I’m surprised Kevin didn’t ask for some royalties back on his hypothetical family members restaurant
If you got 2 million(NZD), you might be able to buy a house in NZ soon. Election's in a few week's to decide on that.
You already can for $3M
for the low low price of being born rich you can live in auckland
Does the usa also use softer sounding names for lobbyist like "public affair manager" ?
Where do you guys invest? I’m seriously trying to get into it, but I don’t even know where to begin. The common answer online is robinhood, is that still the case even after all the drama they were wrapped up in? Like… where? Do? I ? Go?
And if, like atrioc, you don’t want to give me “financial advice” then at least tell me places I should avoid?
skinbaron (csgo skins)
Do you have a significant emergancy fund? Are you putting enough into your pension such that if you retire at a reasonable age you can live on it's future value?
If no to either then fix that first and don't invest.
@@CountCristo emergency fund? That’s my whole bank account aint it? 💀 I still live with my parents. I’m 17. I have about 10k in my checking account (a little less if you wanted me to be honest 😒). 0 in my savings. My job offered a 401k since I worked there for over a year now. That’s all I know. I put like the lowest option into the 401k cause I’m cheap and don’t understand it. I don’t need savings right now, I need to learn what I’m gonna need to do when I will need to have savings, ya know?
@@kryptico2240ask your parents to introduce you to a financial consultant that they would trust. Don't be cheap about it. They'll tell you what you need to know.
The reason Atrioc can't just 1 on 1 with viewers and solve each problem is that it's not his job and it'll be boring for casual viewers. Everyone has their role.
You seem like a bright person so good luck
The first thing you need to figure out is what is your risk tolerance for investments.
Sadly, if lobbying was made illegal, companies would just do it under the table...
... unless you could pit the political parties against each other in rooting out each other's illegal bribes...
What we've seen in the most recent decade at least is that each side is separately powerful enough to get away with it no matter how much heat the other one brings.
So lets make murder legal cuz people still do it ilegally?😂
@@xadielplasencia3674my first thought exactly. What an idiotic take.
Lobbying and bribery are not the same thing. If lobbying was made illegal, it would probably make passing legislation way slower and harder. You can say that it's unfair that big businesses are pretty uniquely positioned to be able to lobby politicians, but they represent large sections of the economy, large sections of employment, and it's pretty rare that an unpopular bill gets passed because of lobbying. Normally, bills proposed by businesses to politicians through lobbying pass because voters don't care about it, so it's not really undemocratic, the politician isn't going against the will of their voters. And if you think that lobbying led to an unpopular bill being passed, or a bill that hurts the average voter, point it out and campaign against it.
This is idiotic
I’m a lobbyist. U should hunt us for sport
6 months liquid for a stable professional adult isn't "mr risk free" it's the bare minimum. Anyone investing without it is being very dumb
5:40 me asking mr wonderful for 10 bucks because I forgot my card at home and he just gives me 50k and rants at me telling me to never ask him for money again EVER EVER EVER
If you ever want a deeper insigt into the csgo market have been in the community for 11 years and made about 200k from csgo skins
As a professional invester you should totally invest all your savings in Atrioc subs the value only goes up
Bonds are risky. The are interest rate inverse, so if interest rates go up, the price of the old bond goes down, cus why would they buy ur 5% bonds when the new rate is 6%.
Well, it’s still better (or safer) than just holding your money or investing it for less than 5%
NZ realestate is way inflated to the point where the average house price in auckland is 1.2 mill nzd (like 800k us or somthing)
isnt lobbying kinda neccesary tho? what if there is some law in making that could disrupt the whole field in some convoluted way which only the guys deeply knowledgable about the field would understand and the congress and layman people would have no idea?
Yeah good lobbying is when there are industry experts available to consult, bribery and bad lobbying is when those experts pay politicians to be in the room with them to advise
@@CountCristo but how do u distinguish between those two?
i think that ultimetly its responsibility of voters to be interested and hold their representatives accountable by voting.
for example apple has been hard scamming people for a decade and people still buy it and it took EU to regulate it just a bit.
people just complain about lobbying but no one honestly gives a sht. about anything. not even a little.
You posted it on the clips channel now it's a modest stadium
cs skins only go up, safer than an index fund
😂😂😂😂
Hmu, my last name is wetzel, owning a wetzel’s pretzels is a lifelong dream
Streaming In-NO PAY-tion Alliance amirite
This comment is the only thing that has ever convinced me that lobbyists might be right congrats
@@Person-275 Can I put you down as a reference on my resumé? This feels like a great opportunity to break into the shilling business and I'd hate to be doing corporate America's work for free.
Dude how do I invest 5% US treasury? Is that a stock? 💀💀 I’m not even fucking joking. I understand and am interested in everything to do with the economy. But when it comes to investing I’m literally a toddler. And nobody wants to explain it because they feel it would be irresponsible. But like. Fuck dude. I gotta go learn a new thing from a different person who I trust way less than big A? That also sucks.
Patreon content idea
There's literally Wikipedia dude
But. Everyone… and I mean everyone.. is against lobbying. I actually didn’t even know it was legal, and I’m 18. Why is it legal? Where is the push to change that shit? What the fuck? Hold on????? Nobody even telling me shit
The people who would push to ban it is paid by lobbying
It's horrible and it's had irreparable damage on America and European countries but it's necessary to keep the government and lawmakers in check.
If not, they'll be able to screw over large industries for their benefits without anyone to stand up to them
Why you gotta expose aiden like that 😂😂
i have the name lobbying on Minecraft, does that make me one of them?
NZ real estate is NOT a good thing to be investing in rn
Lobbying is not fucking bribery lmao. That's such an internet take. Lobbying is literally just politics in action.
Im sorry who tf graduates with 20k, I graduated with like 45k student debt. Lil bros graduated in the fucking green?
Lobbying exists because a politician isn't going to be able to have an expertise in criminal law, infrastructure, economics, corporate law, etc. They rely on experts and people who regularly interact with those fields to say "This would be better if (x) policy was different", then they use their expertise to figure out what a better policy would look like, and then they propose that policy to a politician. Obviously it doesn't always work out like this, there's clearly risk of corruption here, but lobbying isn't really some evil, undemocratic bribe.
There's a grey area but it's generally done way more harm than good. Especially in America where corporations have so much power
@@billclinton1235 There's a term called "lobbying as legislative subsidy", which basically argues that, especially on a state level where budget and staffing is smaller, it is necessary for lobbyists to propose largely written bills for policymakers in order for them to make progress on a variety of issues. This is pretty much an inevitability of the federalist system, and it isn't, in theory, a bad thing. For example, I would guess you would probably be ok with a trade union lobbying their state government to pass a bill the union has had written that would further workers rights. Using the "lobbying as legislative subsidy" lens, it seems likely that a lot of bills across the nation are proposed by lobbyists, and that the contributions made by policymakers in the actual wording of these bills may be small, but a lot of these bills are reasonable and popular, having bipartisan support within local, state, and, often, national government. Many of these are bills that pretty much nobody will have heard of, barely anyone will oppose, and are generally positive. But the lobbyist-backed bills that get media coverage are the ones that are contentious and seen as harmful, the ones that oil companies have drafted and convince politicians that the economic benefit is greater than the environmental costs, not the ones that a business proposes to make it easier for them to provide their service or a trade union proposed to protect their workers or some citizen with too much time and money proposes to make something better for individuals. I'd also argue that there aren't really many examples of obviously unpopular, harmful legislation being passed because of lobbying: the most common example is Disney extending copyright law, but I don't think that's actually very unpopular and it's almost certainly beneficial to the US media industry and economy.
All that is to say, I don't think lobbying has actually done more harm than good, I think it's just that the examples of harm are the only ones people care to notice. And, despite how much I just fluffed up lobbying, I don't think it's all good and I definitely think there has been significant corruption and continues to be risk of further corruption. I just think that the narrative that corporations control America through lobbying is wrong and harmful. Lobbying is ultimately just a way for experts to propose bills to policymakers, it undoubtedly allows for a higher volume of functional policy across a diverse range of areas to be passed per year. Even though it is flawed, it doesn't squander democracy, and it's important that people are still aware that their vote matters.
The more I watch Big A, I realize he you shouldn’t take his financial advice. He is very entertaining, but he called cash value life insurance fraud and acts like government bonds are always safe. There is risks and tricks in everything.
For instance, annuities can be a good option to lock up assets in a guaranteed safe vehicle. Alot of them with potential upsides over 5%.
Bro got 2 college degrees in business and has zero clues 😂😂😂
?
pestiside lobbyist SO is just following orders 🤷♂
Atrioc I love you but that hairline running away faster and faster every time I see you brother lol
Here's the answer to every chatters problem this: Always Make The Right Decisions. AMTRD