Tik Tok money making methods: 1. Commit Tax Fraud 2. Commit Bank Fraud 3. Commit Wire Fraud 4. Ponzi Scheme 5. Leverage all equity in everything you own in high-risk stocks/bonds Seems pretty good to me!
Listen, this is a legit advice. To make a million, follow this guide. 1) find an item you can sell for $1 2) sell it a million times Congrats, you are millionaire!
That first advice guy talking about leveraging your mortgage debt to buy more houses - That exact strategy is how the 2007 Global Financial Crisis happened. It literally bankrupted billion dollar companies that were centuries old. Great advice man.
And, it's about to happen again...Hundreds of thousands of these idiots are about to take on a lot of water, as the real estate market collapses. Imagine trying to float 8 mortgages, when no one can afford your rent...?
Well... it was, as no one was held accountable for it, so it works IF YOU'RE BIG ENOUGH to get away with it, at a personal level, you're just getting F'd in the A.
I love tiktoker trends where they act like they're the first generation to figure something out. "NEW LIFE HACK: MOVE IN WITH FRIENDS AND SPLIT THE RENT! I CALL IT APARTMENT SHARING!"
Maybe that’s why they’re rich? Cause they don’t waste money on overly priced things? Yeah they probably aren’t rich but there’s plenty of rich people who have cheap shit. It’s stupid buying expensive versions of things that you can get cheaper…
@@derekwhite4312 But the podcast is their business? Or at least a component of it. Why would you not invest in your business by having a quality headset? And ultimately it could be a business expense write-off, no? 🤔
As a lawyer 1) this video gave me an aneurism and 2) please don't do any of these things. Almost everything said here is a lawsuit or some kind of liability in which you will be sued eventually when the money is owed.
I love TikTok as an older person because you can slowly watch the younger generation discover things like fraud and money laundering as they grow up :)
Bro I don't even get it as a Gen Z, who goes to tik tok for money advice, idk who would go to most people for financial advice, I don't even trust the advisors
Another time I saw a group slowly re-inventing money. They needed a way to make sure people in their utopia were receiving proportional to their collaboration and was a token emitted by a central government. Absolutely fascinating.
“Just ask for $1 from a million people” There’s only 5,500 in my town. Most of whom I never see. I asked around if I can have a dollar and they replied “No”. Congrats I’ve made $4.36 from 24 hours of begging. 24 hours where I could have been paid to do a real job, earning a lot more $ per hour.
Genuine Financial Investigator here, and Compliance worker in a large bank (then again I'm some random internet stranger so believe what you will). So many of these people give me the biggest red flags and send me to the brink of insanity listening to them and how they handle their accounts, I pray for the poor soul who has to mostly likely do the KYC (Know your Customer) work, and TM (Transaction Monitoring) cases for these people.
Most of these people don't do it themselves but are trying to sell the most awful "investment" advice to naive dumbasses... they are the ones you have to worry about
@@boiimcfacto2364So people who don't know the common parlance can learn it. Or you know, everyone can just keep pretending they know everything already.
@@boiimcfacto2364 You go with jargon first then you realize some ppl won't get it so you put that in parentheses. That happens all the time even in actual technical documents and stuff.
@butwhytharum if the business has more members and isn't just 1 person, they can report you for fraud, but if you use the watch for tik tok and social media marketing you can justify it and write it off.
Not really. A small LLC with one member and no assets or income will not receive anywhere near $100k line of credit. Maybe he can run up a $3,000 credit card at Costco or something at best
@@dog_cornfucking andrew tate, the masterclass of these "hustler grindset" type videos. his fake courses are literally called "hustlers university" lmao look up the other atrioc vid on it if you haven't already. i just think there's no way you can actively look at these get rich quick tik toks/youtube shorts and not automatically rule out these as credible, trustworthy sources for this information.
The buying an ugly outdated house in a neighborhood where everything is 100-500k more expensive is actually what my brother does and it works really well. What everyone forgets to mention is how much know how you need to finish projects. Like it’s insane how much knowledge you need to have to get everything done to codes and stuff. Apart from that you already need god Tier credit and history to get these big loans they always casually mention. Besides all that, that type of house flipping is a pretty safe risk BUT it’s a full time gig where it becomes your lifestyle to always be in circles.
@@zawarudo1041 you realize the alternative would be building an apartment complex with outrageous prices. Will lead to denser areas and will still drive up prices of housing
@zawarudo1041 So you hate the practice where individuals with contractor skills ypu dont have fix up shit hole houses no one wants and no one took care of, then sell it to make up for the insane cost of the building materials and their labor/time? Why should this be illegal? Because if this didn't happen there would be a growing number of shit hole houses no one would be willing to fix or live in.
How someone can say just ask everyone you meet for a dollar to become a millionaire and not notice that homeless people are not living in massive castles with butlers is beyond me!
The thing to understand is that very few people have to fall for it to make the scam worthwhile. You rent the fancy car, you take a picture of yourself on the fancy yacht, then you claim "oh yeah dude I'm a billionaire, let me tell you how, pay me 50 bucks a week" if even three people fall for it, you've made a profit.
Most of the video was terrible advice, but there is merit to the information products (courses, workshops). They make the sellers TONS of money. Many of them are scams, and don’t give the value they claim. However, I have found a couple that make people real money when they put in the work. I have found some success and I want to keep going to try to take that even further. There are tons of shady people, though, that make their money off of people’s delusions and hope. And there are of course some (harder to find) that make their money the same way, but also do care about helping people.
Late reply but people have been doing it. For example in Australia these dumbasses got an ABN (business number) and filed a GST (goods and services tax) refund for $20k which is the ceiling height for claims without providing evidence. Problem is the ATO (tax man) saw a sudden uptake on this refund, red flagged it and turned around to everyone who did it and hit them with a $20k debt plus interest and the kicker is their personal tax also gets hit with it because tiktokers will find out you don’t fuck with the tax man because they can be reaaaaaaaalll petty about getting their money back.
8:06 my dad owns a yacht mechanics/management company. I can confirm that yachts are the most expensive stupid use of your money possible. No matter how much money you have never buy a yacht. They are never worth the money or headache. If you really want a yacht just charter them. But if we’re watching atrioc anything to do with yachts probably isn’t in our futures lol.
Well as somebody 32. Yep u are. We are screwed already. The boomers don't give a shit they will all be dead meaning ur parents (30s like me) and grandparents mostly just banked on ah they will figure it out in the future while having nobody start the process of figuring shit out loo
The two, clearly single boys talking about how $100M isn't a lot of money was absolutely hilarious. "Oh ya bro i can spend $20M before you can even say it!" Lmfao.
@@brianp6859 not many but you can actually make a decent wage busking. We have gpysies in Europe that do it at stop signs so it must be quite profitable.
@2point0productionz exactly, the biggest lie is that the only way to be rich is screwing over other people when In reality you can get rich by helping other people and that should be the goal
Yep. And when interest rates shoot up like they have here in the UK so your mortgage repayments also shoot up and your repayments become higher than you can charge for rent. They also conveniently leave out the negative information like having to pay tax on ALL of your rental income so you can not right of the interest. So many silly armature landlords losing everything in the UK at the moment including the fat guy in red that was in this video! He made a video moaning about the bank of England raising interest rates because hes now in negative equaty on all his properties.
@@kieranb7047 30 year fixed mortgage rates are one nice thing about the US but i believe the property tax does go up while owning in the US or if you refinance you lose whatever interest rate that was locked in for better or worse
@@kieranb7047 most mortgages in the US are fixed rate. I mean yea you *could* get an ARM for an investment property but that's a terrible Terrible idea.
TikTok has some great videos on people giving the worst financial advice but I think it’s really just showing how awful the US is about teaching people about money. I hope young kids don’t actually believe any of these videos
To be fair, UA-cam is great for learning about finances, the concept (e.g. what are dividends, growth vs value stocks, what are bonds, what are ETFs). In that regard, it is actually quite good. Not for stock picks though. Because as a certain movie puts it, "no one knows if a stock goes up or down"
5:16 genius! If you were a successful beggar and averaged, let's say 100/day and did that everyday for 30 years, you could retire a millionaire, tax free! Don't spent a single dollar though.
The guys right about cooking, I went to publix and couldn't find a parking spot, it took me 6 hours and then I had to decide between chicken or steak and that took me another 3 weeks to decide
No you have to invest in you sigma grind set. You cook once a week a giant pot of food and eat the same thing all week. Also cook the same thing every week so you don't face the burden of choice. Ez
One of the big things that I see on TikTok but especially UA-cam is that it’s targeted towards personal small number finances like guys who are fresh out of college or fresh out of high school. Stuff like that were as financial advisors seems like something you’d look into at 30 to see how to make sure what you’ve already done is good for retirement
@@ploed actually doubt it. F-35s run an average $48K/hr in expenses for flying. A private jet needs water lines, a pilot, alcohol, private staff, multiple-engine maintenance cycles, regular repainting, in-flight meals, in-flight entertainment, a ridiculous flying internet plan.. I wouldn't be surprised at all if their flight-hour cost was similar lol
Taking money out of a house to buy other houses is very risky. But paying off a house still probably isn't the best idea unless having a mortgage is an emotional burden. The amount of interest paid on the home vs the amount of interest made on investments diverges over time. As the mortgage is paid down, you pay less in interest, as interest is made on investments over time, you make more as it snowballs. Unless you have a 7 or 8 % mortgage.
I love the guy saying how its more expensive to grocery shop than eat out and details how if he goes and buys one meal for dinner its expensive. This may blow his mind....but usually people buy 2-3 weeks of groceries like meat etc to not keep doing what he said.
All of the wealthy/rich people I know are hard workers, who also have good money saving habits. Plus, cooking for yourself is generally a lot healthier.
Buy a collapsing house strategy actually works but it is a bit more advanced and not recommended for first time investors(requires more calculations and people involved)
I can honesty say if I didn't work at a financial institution I would not know how idiotic or illegal some of the things claimed on Tik Tok are. Financial education in the US is absolute dogshit.
You need to work at a financial institution to see through this? I think you just wanted to share you work at a financial institution but not one prestigious enough to mention by name. Btw being the person working the register at 7-11 is not “work at a financial institution”
Tbh, my crazy rich friend's dad actually does the "buying a collapsing house" thing as an investment, so honestly what the tiktok guy said is not completely wrong. However, i believe that using a loan will gain you only a small/no profit for such hassle lmao
And it was only working because interest rates were extremely low and house prices were going to the moon. The 7% interest rate is going to hurt alot if real estate starts dipping ever so slightly.
But the guy doesn't explain all the negatives! He makes it sound easy! He doesn't explain that you can not get mortgages on a lot of run down houses in the UK! You have no chance of getting a mortgage if the kitchen and bathrooms are to damaged, so you need cash to buy. He doesn't explain the massive interest repayment on a bridging loan you would need to buy non mortgageable property. He doesn't explain the 3% stamp duty you have to pay on all properties if you already own one property. He doesn't explain that you have to be able to do majority of the work yourself in order to make a profit because tradesman are expensive. He doesn't explain how short we are of tradesman at the moment so it can be weeks before you get work completed while you still have to pay all the running costs. He makes his money selling courses where he actually teaches people to commit mortgage fraud by telling people to get angel investors to give them money to use as the down payments for mortgages as well. You can make money in property but you have to already have a lot of money to start with. The returns are not worth the work and risk until you have literally dozens of properties and then you have to stop buying and start paying of the ones you do have!!
Yo, after watching this video and “thinking” about money, i am now rich enough to by a house. With that house i will buy 5 more houses. With those houses i will by 30 houses. With a few more house trades ill have enough money to buy the state of Wyoming. 💸💸💸
the dude saying "just buy stocks when they r low and sell when they go up" rlly just solved the stock market truly sensational advice. Might as well drop out of my quantitative finance masters degree rn fr
I was dead when the kid was explaining fraud like her discovered an infinite money glitch. Like yeah just open credit accounts, buy sh!t sell it for a loss for some cash, and get a sweet watch
Anyone taking financial advice from tiktok is doomed lol. I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content keep up the good work.
It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
@@erikjohnson5549 also what he is missing is that even though its a business card, the owners still personally guarantee it. How do i know? i started my business by opening 50K worth of credit cards at 0% APR for a year plus a few thousand in cash back bonuses. The company failed and i paid off the cards cause they were in the business name but personally guaranteed by yours truly and my credit lol......
8:34 the dumbest part about this guys whole speech is that going out to eat or getting delivery is literally just this PLUS paying someone to do all of the middle work of cooking, driving, and delivery. Who do you think is paying their fees on top of their wage after costs are covered?
Not to mention that he’s saying it like he’ll need to do this every time he eats. Just get a bunch of day’s meals all at once, that’s what grocery shopping literally is! He just needs to plan out his meals, which as he said himself, is just fucking chicken or steak!
0:48 I think you missed what he is saying. Any investment is a risk for sure. But he’s saying to use whatever equity you have in the house to put a loan on a house that’s going to not only provide income but also help you towards your retirement. Not only that but there’s also the tax deductions you get from each locations depreciation you would be keeping a lot of your income. That’s if you get the house in a location near a college or somewhere you know if would be rented a lot. Deff some bad advice out there but 8 out of 10 millionaires are made through real estate.
Tik Tok money making methods:
1. Commit Tax Fraud
2. Commit Bank Fraud
3. Commit Wire Fraud
4. Ponzi Scheme
5. Leverage all equity in everything you own in high-risk stocks/bonds
Seems pretty good to me!
You forgot 6. Ask everyone for a dollar.
Only one of those is technically legal, let
6. wait a million days???
“But, but, but, it was a hot guy/chick giving the advice. I was powerless to resist their pitch. It’s not my fault it was all a scam!”
Listen, this is a legit advice. To make a million, follow this guide.
1) find an item you can sell for $1
2) sell it a million times
Congrats, you are millionaire!
That first advice guy talking about leveraging your mortgage debt to buy more houses - That exact strategy is how the 2007 Global Financial Crisis happened. It literally bankrupted billion dollar companies that were centuries old. Great advice man.
CDO Lite
Also how he landed an SEC investigation against and had to pay $75k to settle it. Maybe not that exact advice, but some similar real estate advice.
And, it's about to happen again...Hundreds of thousands of these idiots are about to take on a lot of water, as the real estate market collapses. Imagine trying to float 8 mortgages, when no one can afford your rent...?
You’re just not seeing the big picture man 😂
Well... it was, as no one was held accountable for it, so it works IF YOU'RE BIG ENOUGH to get away with it, at a personal level, you're just getting F'd in the A.
TikTokers just discovered fraud lol
And Ponzi schemes
They're not lying though. Fraud and Ponzi schemes are great for generating money. It just fucks over everyone else, and is illegal as hell. LOL
They just made fraud into a real thing ❗ 🤯 🤯 🤯 ❗
I love tiktoker trends where they act like they're the first generation to figure something out. "NEW LIFE HACK: MOVE IN WITH FRIENDS AND SPLIT THE RENT! I CALL IT APARTMENT SHARING!"
@@HeightrenIt's kinda wild how pyramid schemes are actually popular with Gen Z
These rich guys all have really cheap headphones on their $100 million podcasts.
See everyone? This is called critical thinking and it's GLORIOUS!
Maybe that’s why they’re rich? Cause they don’t waste money on overly priced things? Yeah they probably aren’t rich but there’s plenty of rich people who have cheap shit. It’s stupid buying expensive versions of things that you can get cheaper…
@@derekwhite4312 But the podcast is their business? Or at least a component of it. Why would you not invest in your business by having a quality headset? And ultimately it could be a business expense write-off, no? 🤔
@@derekwhite4312 People really will explain themselves into anything, case in point this comment.
@@Xeonaapeople talking about investing thousands but can’t afford a $100 yeti microphone. Make it make sense lol.
Really, aren't we the ones committing fraud, by refusing to give that guy credit for his very comedic and satirical joke he was doing
Maybe the real fraud was the people we trolled along the way
It was maybe the funniest out of all of them
Oh ya. He was _totally_ joking American Express and IRS and other government anti fraud agencies. J/k heh heh...
Always Has been 💥🔫@@triumphTLG
That lady selling her course about how to make money selling courses has the exact same energy as the "How I Made $290,000 Selling Books" book
only the real ones know about ebooks
But there are really so many people doing exactly that, like Dan koe and other "solotrprenuers"
The child*
There are very few people I’d pay to show me how to make money and almost all of them are electricians and woodworkers.
And it's a very old scam - that somehow keeps working.
As a lawyer 1) this video gave me an aneurism and 2) please don't do any of these things. Almost everything said here is a lawsuit or some kind of liability in which you will be sued eventually when the money is owed.
It's fine, I'll just manifest away the lawsuit🤷
@@Simon-is2xd just don't go to the court 🤷♂
What are they going to do about it? 🤷♂
@@kak42 right!? Like putting you in jail or something 😂😂
@@SerafinGriveljail? Good one. Just tell them you don’t consent! Legally, they can’t put you in jail without your consent
i don't think you need to be a lawyer to come to that conclusion
I love TikTok as an older person because you can slowly watch the younger generation discover things like fraud and money laundering as they grow up :)
Bro I don't even get it as a Gen Z, who goes to tik tok for money advice, idk who would go to most people for financial advice, I don't even trust the advisors
Wait until they discover pyramid schemes
It even works for me looking at trends my younger brother, even tho he's only a few years younger than me
Another time I saw a group slowly re-inventing money. They needed a way to make sure people in their utopia were receiving proportional to their collaboration and was a token emitted by a central government. Absolutely fascinating.
Wait, so if I steal just money, I will have more money 🤔
Every single tiktok made my eye bags a little darker, and my faith in humanity a little weaker. THANKS BIG A
Based stoneworks
You had faith in humanity?? >_>
A crossover I never expected
Scammers have existed since the dawn of mankind. They just evolved from selling snake oil to selling online courses and nft platforms.
What are you doing here 😂😂
“Just ask for $1 from a million people”
There’s only 5,500 in my town. Most of whom I never see. I asked around if I can have a dollar and they replied “No”. Congrats I’ve made $4.36 from 24 hours of begging. 24 hours where I could have been paid to do a real job, earning a lot more $ per hour.
Good on you bro for at least putting in the grind and testing the theory IRL :)
Most beggers and panhandle people do make great money my neighbor does this and makes 1000$ a week some workers don't make this
Genuine Financial Investigator here, and Compliance worker in a large bank (then again I'm some random internet stranger so believe what you will). So many of these people give me the biggest red flags and send me to the brink of insanity listening to them and how they handle their accounts, I pray for the poor soul who has to mostly likely do the KYC (Know your Customer) work, and TM (Transaction Monitoring) cases for these people.
It would turn into KYS work
Lol what was the point of saying TM if you're gonna write the expansion along with it 🤣 bro really trying to sound professional lol
Most of these people don't do it themselves but are trying to sell the most awful "investment" advice to naive dumbasses... they are the ones you have to worry about
@@boiimcfacto2364So people who don't know the common parlance can learn it. Or you know, everyone can just keep pretending they know everything already.
@@boiimcfacto2364 You go with jargon first then you realize some ppl won't get it so you put that in parentheses. That happens all the time even in actual technical documents and stuff.
the guy who advocated committing fraud to buy a watch was somehow the only person with a realistic way of getting access to money lmao
And the only one that if you actually an income generating business wouldn't be illegal as you could just pay the loan...
@butwhytharum if the business has more members and isn't just 1 person, they can report you for fraud, but if you use the watch for tik tok and social media marketing you can justify it and write it off.
Which the guy could do now and pivot his fake business to social media marketing
Not really. A small LLC with one member and no assets or income will not receive anywhere near $100k line of credit. Maybe he can run up a $3,000 credit card at Costco or something at best
@@0executeoh you can write it off huh? Do me a favor tell me what that means. 🤣😭
tiktok is so awesome bc these people fully get to larp being powerful individuals and people will just take it at face value
@@WARnTEAyour basis is?
@@dog_cornfucking andrew tate, the masterclass of these "hustler grindset" type videos. his fake courses are literally called "hustlers university" lmao look up the other atrioc vid on it if you haven't already. i just think there's no way you can actively look at these get rich quick tik toks/youtube shorts and not automatically rule out these as credible, trustworthy sources for this information.
@@dog_corn the fact that someone always protects them in their comments
@@WARnTEAand how do you exactly know if the reality is just the fake continue lol
@@WARnTEA”most” is definitely exaggerating
The buying an ugly outdated house in a neighborhood where everything is 100-500k more expensive is actually what my brother does and it works really well. What everyone forgets to mention is how much know how you need to finish projects. Like it’s insane how much knowledge you need to have to get everything done to codes and stuff. Apart from that you already need god Tier credit and history to get these big loans they always casually mention. Besides all that, that type of house flipping is a pretty safe risk BUT it’s a full time gig where it becomes your lifestyle to always be in circles.
Flipping should be delegalized. This is predatory practice.
Yeah, it’s not unviable at all, it’s just very risky and requires a lot of skill and some luck
@@zawarudo1041 you realize the alternative would be building an apartment complex with outrageous prices. Will lead to denser areas and will still drive up prices of housing
???@@V8dadmartin
@zawarudo1041 So you hate the practice where individuals with contractor skills ypu dont have fix up shit hole houses no one wants and no one took care of, then sell it to make up for the insane cost of the building materials and their labor/time?
Why should this be illegal? Because if this didn't happen there would be a growing number of shit hole houses no one would be willing to fix or live in.
Honestly gen z should see this as a win. If you can tell these guys are stupid, you've beat a good chunk of competition already.
being smarter than these iddiots or anyone that follows them doesn't really make me feel good about myself. It's like saying u're smarter than a rock
Damn hit it right on the head.
100%
That's how I feel. I'm millennial
The statistics of meeting 1,000,000 random people and not being beaten to death seems like a pretty rough risk/reward ration
I mean what else are the girls on onlyfans doing, they just do it online instead of walking.
How someone can say just ask everyone you meet for a dollar to become a millionaire and not notice that homeless people are not living in massive castles with butlers is beyond me!
Most homeless pan handlers are making over 1k a week , i know several who make more than i do working @@alexmousley7213
Every single one of these TikToks is just telling people to invest in a pyramid scheme or commit fraud lmaooo
I refuse to believe there's a single person who falls for this TikTok financial advice, it has to be somekind of a huge joke I'm not in on.
The thing to understand is that very few people have to fall for it to make the scam worthwhile. You rent the fancy car, you take a picture of yourself on the fancy yacht, then you claim "oh yeah dude I'm a billionaire, let me tell you how, pay me 50 bucks a week" if even three people fall for it, you've made a profit.
Most of the video was terrible advice, but there is merit to the information products (courses, workshops). They make the sellers TONS of money. Many of them are scams, and don’t give the value they claim. However, I have found a couple that make people real money when they put in the work. I have found some success and I want to keep going to try to take that even further.
There are tons of shady people, though, that make their money off of people’s delusions and hope. And there are of course some (harder to find) that make their money the same way, but also do care about helping people.
Late reply but people have been doing it. For example in Australia these dumbasses got an ABN (business number) and filed a GST (goods and services tax) refund for $20k which is the ceiling height for claims without providing evidence. Problem is the ATO (tax man) saw a sudden uptake on this refund, red flagged it and turned around to everyone who did it and hit them with a $20k debt plus interest and the kicker is their personal tax also gets hit with it because tiktokers will find out you don’t fuck with the tax man because they can be reaaaaaaaalll petty about getting their money back.
You'd be shocked at how many people try this stuff and do buy $1000 courses that say revolutionary stuff like "believe in yourself".
I used to think all flat earther folk were just trolling until I met one IRL
0:41 This guy literally just described the exact blueprint for why so many people experience financial ruin during the 2008 financial ruin.
TikTok has created a whole generation of adults who will just admit to crimes on video.
Rap snitches, talling all their business
@@marshall1093 "sit in the court and be they own star witness..."😂
I was walking on the street today and a 5 dollar bill manifested in front of me. Got a long way to go!
Just don't forget to ask every person you come along for a dollar. You will be millionaire in like no time. Keep up the grind king 👑
Underappreciated comment
That's because you didn't buy her course 🤣
Only 200K more manifests of $5 and you’re a millionaire!!!
8:06 my dad owns a yacht mechanics/management company. I can confirm that yachts are the most expensive stupid use of your money possible. No matter how much money you have never buy a yacht. They are never worth the money or headache. If you really want a yacht just charter them. But if we’re watching atrioc anything to do with yachts probably isn’t in our futures lol.
As a Gen Zer, I can safely say we are screwed if TikTok is where we are getting our information
CRINKY CRONGEMAS
Ur so corny ☠️
Nah it's good for some things. I learned how to flush my water heater the other day.
Well as somebody 32. Yep u are. We are screwed already. The boomers don't give a shit they will all be dead meaning ur parents (30s like me) and grandparents mostly just banked on ah they will figure it out in the future while having nobody start the process of figuring shit out loo
@@josephlynch7655ould also use the tube instead of Chinese spyware. But whatever works I suppose
The two, clearly single boys talking about how $100M isn't a lot of money was absolutely hilarious. "Oh ya bro i can spend $20M before you can even say it!" Lmfao.
Then GATCHA anime waifus be expensive you know
Its no wonder a lot of kids have zero work ethic, understanding about labor, or how effort is important. They’re being sold short cuts.
Ok boomer
@@sharrpshooter1 ok renter
I don't think anything can top "become a millionaire by asking everyone for a dollar" 😂😂😂
Realistically how many people could you talk to a day and how many would actually give you a dollar? I'm genuinely curious now just to know 🤣
The absolute, unwavering sigma hobo grindset
@@HieronymousLex 😂😂😂😂😂😂😂😂😂😂
@@brianp6859 not many but you can actually make a decent wage busking. We have gpysies in Europe that do it at stop signs so it must be quite profitable.
It's up there with a MLM drone trying to get all their friends to join their "downline"..hey presto- no friends, or money!
Sometimes I wish I was morally bankrupt so that I could make lots of money
Me too... it's so god damn easy and profitable but imagine having to live with yourself after
Imagine the number of old people you can scam but you're going straight to hell.
@@idontcare9041You sound like these TikTok’s 💀
You can do it morally, just takes time :)
@2point0productionz exactly, the biggest lie is that the only way to be rich is screwing over other people when In reality you can get rich by helping other people and that should be the goal
Using money as downpayments on other houses works until one or two renters stop paying rent and you go bankrupt
Yep. And when interest rates shoot up like they have here in the UK so your mortgage repayments also shoot up and your repayments become higher than you can charge for rent.
They also conveniently leave out the negative information like having to pay tax on ALL of your rental income so you can not right of the interest.
So many silly armature landlords losing everything in the UK at the moment including the fat guy in red that was in this video! He made a video moaning about the bank of England raising interest rates because hes now in negative equaty on all his properties.
@@kieranb7047 30 year fixed mortgage rates are one nice thing about the US but i believe the property tax does go up while owning in the US or if you refinance you lose whatever interest rate that was locked in for better or worse
@@kieranb7047 most mortgages in the US are fixed rate. I mean yea you *could* get an ARM for an investment property but that's a terrible Terrible idea.
Man, lawyers must be having a field day when they have to prosecute these morons all they have all the evidence rhey'd need on their tiktok accounts.
The kid definitely committed fraud, panicked and deleted the TikTok😂
It was totally just a prank bro 😂😂
"You ain't got no hedge fund, your hairs a hedge"
Truer words have never been said.
TikTok has some great videos on people giving the worst financial advice but I think it’s really just showing how awful the US is about teaching people about money. I hope young kids don’t actually believe any of these videos
sad to say many do but scams have always been a problem. Dot Comm bubble, Enron, Madoff. Nothing new under the sun.
To be fair, UA-cam is great for learning about finances, the concept (e.g. what are dividends, growth vs value stocks, what are bonds, what are ETFs). In that regard, it is actually quite good.
Not for stock picks though. Because as a certain movie puts it, "no one knows if a stock goes up or down"
"Life hack: commit fraud." - TikTok investor man
This guys laughter is the most joyous thing I've seen today 😃
its nice to have your content niche back, glad you're doing well and its awesome to see the things you've been doing!
Loving the content man, great to have you back!
5:16 genius! If you were a successful beggar and averaged, let's say 100/day and did that everyday for 30 years, you could retire a millionaire, tax free! Don't spent a single dollar though.
The guys right about cooking, I went to publix and couldn't find a parking spot, it took me 6 hours and then I had to decide between chicken or steak and that took me another 3 weeks to decide
That sounds really hard. Have you been able to recover?
No you have to invest in you sigma grind set. You cook once a week a giant pot of food and eat the same thing all week. Also cook the same thing every week so you don't face the burden of choice. Ez
Dude really called people who cook "nerds"
Glad to have you back after all this time big A missed ya
Caleb hammer is super easy to watch and digest life changing spending behaviors!
A tiktok money manifesting course is the most hilarious thing I've ever heard💀
Hilarious how they get rich while you end up a 9to5 job
I would pay for a course where atrioc makes fun of investment advice tiktoks constantly
not the guy explaining fraud like it's an infinite money glitch!!
They must have patched the glitch the feds are at my door
2 mil is my set for life number. I just need to find 2 million people to hand me a dollar
The first one was very common a few years back with interest rates low and prices rising. Now though, now the rents won't keep up with the repayments.
ATRIOC IS BACK. IM SO HAPPY I COULD CRY. Thank you for handling the situation properly. Now we get gamer god hours again
It's good to have the Big A Coffee Cow Glarketing Wizard back
9:24
"You got no hedge fund. _Your hair_ 's a hedge"
LOOOOOOOL, HAHAHAHAHAHA 😭😭😭😭🤣🤣🤣🤣🤣
One of the big things that I see on TikTok but especially UA-cam is that it’s targeted towards personal small number finances like guys who are fresh out of college or fresh out of high school. Stuff like that were as financial advisors seems like something you’d look into at 30 to see how to make sure what you’ve already done is good for retirement
Fraud is unironically the most sound advice ive seen on ticktock, at least it works
See this is why I love that you're back. You wouldn't think so, but finance content can be the funniest shit of all time.. people are crazy.
6:40 "80$M jet"
An F-35 Lightning II--which is a fifth generation stealth, multirole VTOL fighter--costs 72$M lol
Gotta protect your assets bro. Government grindset never stops
But has higher maintenance 😉
@@ploed actually doubt it. F-35s run an average $48K/hr in expenses for flying. A private jet needs water lines, a pilot, alcohol, private staff, multiple-engine maintenance cycles, regular repainting, in-flight meals, in-flight entertainment, a ridiculous flying internet plan.. I wouldn't be surprised at all if their flight-hour cost was similar lol
Have 15 mortgages on houses that aren't worth what you owe after a crash like 2008 and get a job with DoorDash.
1:37 bros credit score is probably 520
Taking money out of a house to buy other houses is very risky. But paying off a house still probably isn't the best idea unless having a mortgage is an emotional burden. The amount of interest paid on the home vs the amount of interest made on investments diverges over time. As the mortgage is paid down, you pay less in interest, as interest is made on investments over time, you make more as it snowballs. Unless you have a 7 or 8 % mortgage.
Most of these are on building a house cards model. One wrong move and everything falls. Leverage is risky
Ok, so what I've learned is:
a) already have money
b) sell courses on how to make money
c) fraud
d) Magic
Thats the tik tok financial education for you. If you want the real thing read rich dad poor dad
D!
The ENRON hat. I can’t 😂
1:05 this mans really trying to recreate the 2008 housing bubble with tiktok
"you don't have a hedge fund, your hair is a hedge" that SENT ME
2:02 crack cocaine math
He's basically playing around with electronic monopoly money that he doesn't own and calling himself a millionaire. 🤡
"You got no Hedgefund. Your hair is a hedge!" 😂😂
I love the guy saying how its more expensive to grocery shop than eat out and details how if he goes and buys one meal for dinner its expensive. This may blow his mind....but usually people buy 2-3 weeks of groceries like meat etc to not keep doing what he said.
All of the wealthy/rich people I know are hard workers, who also have good money saving habits. Plus, cooking for yourself is generally a lot healthier.
i grew up in an enron town (Paulina iowa) and i love the financial advice satire with the enron hat on.
youre hilarious sir
Atok!!! Don’t make fun of these gurus, they helped me take on hundreds of thousands of unpayable debt for my future generations!!!!
Getting annoyed about having to call your valet is prime time sitcom-tier comedy
So glad you're back!! Your vids always make me laugh so hard. We missed ya!
Buy a collapsing house strategy actually works but it is a bit more advanced and not recommended for first time investors(requires more calculations and people involved)
I can honesty say if I didn't work at a financial institution I would not know how idiotic or illegal some of the things claimed on Tik Tok are. Financial education in the US is absolute dogshit.
It's all very obvious. Then again, i was raised by 2 parents in a single home and weekly contact with both sets of grandparents too.
You need to work at a financial institution to see through this?
I think you just wanted to share you work at a financial institution but not one prestigious enough to mention by name. Btw being the person working the register at 7-11 is not “work at a financial institution”
You got financial education?
Well, they are more focused to learning some extremely toxic social ideologies like crt
@@niallk9336 weird flex but okay fam
Nice Enron hat man! Classic if they only new the story my friend
Tbh, my crazy rich friend's dad actually does the "buying a collapsing house" thing as an investment, so honestly what the tiktok guy said is not completely wrong. However, i believe that using a loan will gain you only a small/no profit for such hassle lmao
And it was only working because interest rates were extremely low and house prices were going to the moon.
The 7% interest rate is going to hurt alot if real estate starts dipping ever so slightly.
But the guy doesn't explain all the negatives! He makes it sound easy!
He doesn't explain that you can not get mortgages on a lot of run down houses in the UK! You have no chance of getting a mortgage if the kitchen and bathrooms are to damaged, so you need cash to buy.
He doesn't explain the massive interest repayment on a bridging loan you would need to buy non mortgageable property.
He doesn't explain the 3% stamp duty you have to pay on all properties if you already own one property.
He doesn't explain that you have to be able to do majority of the work yourself in order to make a profit because tradesman are expensive.
He doesn't explain how short we are of tradesman at the moment so it can be weeks before you get work completed while you still have to pay all the running costs.
He makes his money selling courses where he actually teaches people to commit mortgage fraud by telling people to get angel investors to give them money to use as the down payments for mortgages as well.
You can make money in property but you have to already have a lot of money to start with.
The returns are not worth the work and risk until you have literally dozens of properties and then you have to stop buying and start paying of the ones you do have!!
2:43 hey cool! that's how your incoming president got rich.
Yo, after watching this video and “thinking” about money, i am now rich enough to by a house. With that house i will buy 5 more houses. With those houses i will by 30 houses. With a few more house trades ill have enough money to buy the state of Wyoming. 💸💸💸
the dude saying "just buy stocks when they r low and sell when they go up" rlly just solved the stock market truly sensational advice. Might as well drop out of my quantitative finance masters degree rn fr
3:16 he has to be joking, he has to be joking i stg the internet has made criminals both stupider and smarter simultaneously.
Second guy's like "you need five million? No problem. I go out on the street and make some moves. A million here, a million there, can't lose..."
guy: i don’t cook.
same guy: why you buy a $6 coffee every day?
9:02
6:21 A literal pyramid of course creation.
About the pool guy
Druski Voice: That's gotta be fraudulently motivated.
I was dead when the kid was explaining fraud like her discovered an infinite money glitch. Like yeah just open credit accounts, buy sh!t sell it for a loss for some cash, and get a sweet watch
4:22 his excited air chart drawing face gets me 😂
1:26 it works til it doesnt 😂
6:00 'i work to make money pasively'
That one guy just admitted to money laundering on video and when he found out that it was a federal crime he tried to take it back 😂
Holy shit beard guy is trying to redo the 2008 housing market crash
I'm glad your back man
Anyone taking financial advice from tiktok is doomed lol. I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content keep up the good work.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Can you introduce me to Jonas? I'd love to learn more about his service.
Hermanw jonas that’s his gmail okay
The worst financial advice I've received was from a financial advisor.
Anyone who tells you they're certain about how the world works is either a mathematician, or they're selling something.
If a mathematician tells you they're certain about how the world works they're either not very good at their job or very high on something.
god I love your incredulous laugh every time someone is so confidently incorrect or misleading XD
2:53 ryan anthony rought is the kid
It's great because courts can refuse to let you declare bankruptcy.
@@erikjohnson5549 also what he is missing is that even though its a business card, the owners still personally guarantee it. How do i know? i started my business by opening 50K worth of credit cards at 0% APR for a year plus a few thousand in cash back bonuses. The company failed and i paid off the cards cause they were in the business name but personally guaranteed by yours truly and my credit lol......
"Your house" - Speaking to a generation that dreams about someday owning a van.
8:34 the dumbest part about this guys whole speech is that going out to eat or getting delivery is literally just this PLUS paying someone to do all of the middle work of cooking, driving, and delivery. Who do you think is paying their fees on top of their wage after costs are covered?
Not to mention that he’s saying it like he’ll need to do this every time he eats.
Just get a bunch of day’s meals all at once, that’s what grocery shopping literally is! He just needs to plan out his meals, which as he said himself, is just fucking chicken or steak!
That Money Calculator guy had me rolling.
5:54 sounds more like BORAFILL AM I RIGHT? 😂
NO I WILL NOT MAKE OUT WITH YOU
“Recycling money” is quite the cutesy term for money laundering 😂
2:30 a trillion turkish lira maybe...
that guy really just said “i make a million which is basically 12million, which is almost hundreds of millions which is basically a billion”
0:48 I think you missed what he is saying. Any investment is a risk for sure. But he’s saying to use whatever equity you have in the house to put a loan on a house that’s going to not only provide income but also help you towards your retirement.
Not only that but there’s also the tax deductions you get from each locations depreciation you would be keeping a lot of your income. That’s if you get the house in a location near a college or somewhere you know if would be rented a lot.
Deff some bad advice out there but 8 out of 10 millionaires are made through real estate.