Darin Soat:The Problem with Finfluencers & Why it Won’t Get Better Anytime Soon|Rational Reminder276

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  • Опубліковано 27 вер 2024

КОМЕНТАРІ • 57

  • @InvestOrama
    @InvestOrama 8 місяців тому +6

    wow when i was in investment banking I couldn't barely managed to go to the gym once a week and this guy managed to launch a UA-cam channel!

  • @andrewfriedrichs9340
    @andrewfriedrichs9340 11 місяців тому +74

    Rational Reminder, How Money Works, Patrick Boyle, Plain Bagel, by our powers combine we are Captain Finance!

    • @crimsonpirate1710
      @crimsonpirate1710 11 місяців тому +1

      Some awful choices there. Your loss if you view them.

    • @me0101001000
      @me0101001000 11 місяців тому +5

      @@crimsonpirate1710 which ones and why? All of them have experience in the industry, they provide fairly level headed info, and they're civil about their objections when faced with them.

    • @youwillnotgetmyintents
      @youwillnotgetmyintents 11 місяців тому

      @@me0101001000 You really can’t observe the hypocrisy?

    • @me0101001000
      @me0101001000 11 місяців тому +5

      @@youwillnotgetmyintents no, I don't. Kindly enlighten me.

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 9 місяців тому

      @@crimsonpirate1710Unfortunately, there are people who like to buy into inaccurate data and their followers demonstrate that.

  • @smishdws
    @smishdws 11 місяців тому +17

    heel yee a crossover i didn't expect to see today

  • @WhiteBoardFinance
    @WhiteBoardFinance 11 місяців тому +13

    I’ve spoken to Darin personally and he’s a good dude!

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 9 місяців тому +1

      He’s not good at all. He’s egotistical and inaccurate, though.

  • @maxresdefault8235
    @maxresdefault8235 11 місяців тому +6

    No way I could be an investment banker. This guy was one AND also making his youtube videos? Legend.

  • @francescoalberga7627
    @francescoalberga7627 11 місяців тому +2

    So glad to see two UA-camrs that i follow religiously collab. If you guys also do the compound show and Patrick Boyle my dreams would come true!

  • @Zadeska
    @Zadeska 11 місяців тому +7

    Another fantastic video by the Rational Reminder! Question, would you folks ever consider interviewing Patrick Boyle, Aswath Damodaran or Ramit Sethi? They're all pretty successful in their own way and each quite different. Patrick is super interesting, Aswath is brilliant and Ramit is probably the best at branding and marketing in the online finance space.
    I do find these interviews with none academics to be very interesting. Well done!

  • @waelabdelkhalek9970
    @waelabdelkhalek9970 11 місяців тому +10

    Great interview! Very insightful 👍

  • @toltman
    @toltman 11 місяців тому +28

    I love how the conversation felt a bit more organic in this episode. Sometimes they feel a bit constricted by their script of questions, but in this episode they felt a bit more free-wheeling. I enjoyed that a lot.

  • @calbarton
    @calbarton 11 місяців тому +16

    How money works makes you feel smarter with no push or desire to improve your living situation. Start no business, leave no job, be happy with what little you have.

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 9 місяців тому

      That was not the case for me. I’m glad I left a job, I’m happy with the little I have and not doing work I was good at but hated.

  • @gregoneil2050
    @gregoneil2050 11 місяців тому +4

    Great cross-over episode. Two of my favourite content creators working together. A big thank you to both teams for what they do.

  • @seiman1111
    @seiman1111 11 місяців тому +9

    Epic, seems all the UA-cam channels I watch, are secretly connected😂

  • @thesorrow312
    @thesorrow312 11 місяців тому +12

    Finfluencers be pushin' that gas station sushi. ⛽️ 🍣

  • @ib23579
    @ib23579 11 місяців тому +6

    This episode led me to watch several How Money Works UA-cam videos. I find them beautifully made and also full of exaggeration. Points that go against the narrative are mostly ignored. In the highly uncertain world of investing Darin Soat sounds very certain. Interestingly, in the Rational Reminder Episode he comes across as a reasonable guy. Puzzling.

    • @Username_CC_
      @Username_CC_ 11 місяців тому

      Examples?

    • @L3vache
      @L3vache 11 місяців тому +6

      I agree. A lot of it is probably a byproduct of feeding the algorithm like he talks about a lot in this podcast - keeping viewers engaged through exciting and confident narration, engaging in bombastic narratives that viewers will be drawn to (Your Biggest Financial Mistake - Being born too late), etc. That said some videos are better than others and a lot of research goes into them. Definitely miles ahead of other channels that operate in a similar tone.

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 9 місяців тому

      @@L3vacheFunny because his claims are often disproven and not always accurate. Please do your research thoroughly.

  • @ajrobbins368
    @ajrobbins368 11 місяців тому +2

    This is great, thanks.

  • @johanneszwilling
    @johanneszwilling 11 місяців тому +2

    Ironically this coming from someone who Darin would criticise due to the pitch/framing of side hustles:
    "Social media isn't the problem. Social media exposes us for who we are" (Paraphrased statement from Gary Vee)
    Point being: I think there is limited ability to protect anybody from themselves. Unless you put financial literacy onto the curriculum in schooling and wait a few decades, those aspirations will not be tamed and for that matter someone is gonna deliver to that.
    These algorithm can only do exactly that: Give you more of what you want. People by virtue of who they are and how they process information will have vastly different online experiences due to that.
    Broadly any company which would try to play god and set an agenda here would go out of business,...and you see this exactly for yourself when you craft your videos to appeal.
    The internet is mostly ad-based and with that it's all about attention, which then plays into peoples' lesser urges.
    PS: I find it funny how I already follow most of the mentioned finance people. Good for me,...and I still have to assume: Not me but the algorithm.
    Thx for a great episode!!

  • @dmytrosoroka7335
    @dmytrosoroka7335 11 місяців тому

    Thanks from Ukraine!

  • @amandasalmons8776
    @amandasalmons8776 11 місяців тому +2

    Oop, lost a bet that you’re actually Richard from the Plain Bagel. (for HMW)

  • @TristanYangShowcase
    @TristanYangShowcase 2 місяці тому

    On the topic of the dumb money movie…I was so angry at the narrative that was being pushed I left.

  • @calbarton
    @calbarton 11 місяців тому +3

    29:04 Darren is proof that audiences DON'T necessarily want just moonshots. You can succeed with general good advice and tearing down the creator economy from within.

  • @sherkhead9638
    @sherkhead9638 11 місяців тому

    Does affiliate marketing work?

  • @MelissaBerry-q1p
    @MelissaBerry-q1p 11 місяців тому +1

    i like boring and that's one of the problems were having

  • @KelstraTech
    @KelstraTech 11 місяців тому

    His voice is different. 😂
    He must be using a weird audio filter on his UA-cam channel.

  • @EmilyGloeggler7984
    @EmilyGloeggler7984 9 місяців тому +2

    Well this just exposed how much Darin Soat’s ramblings are a waste of time with nothing factual or sensical provided.

  • @calbarton
    @calbarton 11 місяців тому

    He says UA-cam is a bad business, he doesn't like most people in the finance niche, he's obsessed with hiding his identity to be a better employee. Dude why are you here growing a massive UA-cam channel. Leave now and get your job back.

  • @eeettt8701
    @eeettt8701 11 місяців тому +2

    Very useful

  • @istvanherpai3803
    @istvanherpai3803 11 місяців тому +9

    Patrick Boyle next please!

  • @Bleys0072
    @Bleys0072 11 місяців тому +27

    Love How Money Works! Way to go for booking him for this interview. 4 minutes in and I'm excited for this episode!!!!

  • @BotwangoOrzwango
    @BotwangoOrzwango 11 місяців тому +2

    I am really surprised that HMW is not a 25 yr old blonde guy named Chad. He really has that voice.

  • @muffemod
    @muffemod 11 місяців тому +2

    The barrier for entry for youtube is so low that's why it's so hard to make money from it.

  • @journeytrader2445
    @journeytrader2445 11 місяців тому +2

    I watch this channel for wisdom. I watch other finfluencers for entertainment.

  • @ToyTiger666
    @ToyTiger666 11 місяців тому +2

    Great! Fondest regards to Mr. HMW from one of his subscribers.

  • @marieknight4136
    @marieknight4136 9 місяців тому +1

    Interesting take on no real interest in responsible financial content - when I was a chemistry/physics teacher coming from being a sell-side analyst - I started an investing club for my students to teach real financial information to my student “apes” - the students would all show up every week and we would end up meeting for 3 hrs (scheduled for 1 hr). They were super engaged and interesting.

  • @p.c.h.6721
    @p.c.h.6721 11 місяців тому +11

    This is the main reason why I got rid of Morning Brew.
    I'm happy to see that some people are still honest and tell it like it is.

    • @CoryDAnimates
      @CoryDAnimates 11 місяців тому +3

      Exactly. The amount of 'boot strap' SV founder talk that filled it product was to much.

  • @loudroomreacts
    @loudroomreacts 9 місяців тому

    Why does he sound tired or annoyed. Not excited at all. Delete this entire video

  • @owlegrad
    @owlegrad 6 місяців тому

    This was a fun change of pace.

  • @crimsonpirate1710
    @crimsonpirate1710 11 місяців тому +2

    This was terribly dull.

    • @youwillnotgetmyintents
      @youwillnotgetmyintents 11 місяців тому

      Sounds like excessively risk-averse person. Can’t imagine who finds this sort of content appealing, mostly seems intuitive. Maybe he should ask himself a question as to what would happen if everyone just followed script provided by popular culture. Conman have been around for long time and to certain extent it can’t be helped.

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 9 місяців тому

      @@youwillnotgetmyintentsHeed your own hypocrisy.

    • @youwillnotgetmyintents
      @youwillnotgetmyintents 9 місяців тому

      @@EmilyGloeggler7984 you could just go ahead and mention precisely what is that you disagree with. I think it’s giant hypocrisy to be investment banker and spend 2 hours telling everyone they shouldn’t take any risk and describing scams that someone with

  • @arunmur84
    @arunmur84 11 місяців тому +2

    Fantastic conversation, covers the entire spectrum of topics on personal financing very neatly.

  • @funkspinna
    @funkspinna 11 місяців тому +1

    Great guest. A much needed video exposing the world of FinFluencers.