Folks on other platforms seem to be missing the point of this video. This isn’t a “save all your money” Dave Ramsey style video, it’s a live your life while you can video. Enslaving yourself to overtime for the rest of your life just so you can flex all your toys to your buddies that you can’t even enjoy because of said overtime isn’t living at all. The comments on UA-cam is why this will forever be my favorite platform. You guys get it 🫡
Some people dont understand this. They will be in debt and forever broke down and enslaved to a job to oay their over extended debt...andbbarely able to enjoy all their toys. I swear you know our friends!!😂😂
I work as much overtime as I'm allowed to, to have enough money to buy my job back from my employer when I cost my employment money like cutting all studs at an angle and the building collapses
I have tried explaining that to some people at work, especially since the tax brackets recently changed, and they just don’t get it. All they see is that overtime check hitting their bank accounts and don’t think beyond that. One woman I work with, after I told her she should go home and get some rest when she was sick, asked, “you gonna pay my bills? You gonna pay me for taking time off?” We used to get the first eight hours of overtime worked as comp time (state prison job). But the state got shot handed and people were more interested in money than time off that they switched to first two hours is comp, everything after is overtime pay. Now, people don’t earn enough time to take off when they are sick, just plain exhausted or have a last minute, non-health related issue come up and they have to burn sick time, vacation, and comp time just to take a day off whereas we used to not even work half a year due to all the use or lose time we built up from comp. And they don’t understand that that overtime check is getting hit with 30% tax in addition to their taxes at the end of the year. 3-4 of them were complaining about having to pay in this year instead of getting a refund but they all stopped when I walked in and laughed at them.
It's made me rich. That and living off grid like a tightass. But most of my family is like this. Live tight as hell and some have bought houses WITH NO MORTGAGE. The only debt I've ever had has been mortgages. Last car I bought was while I was unemployed.
Can we just acknowledge for a sec that people are spending $75-100K on PICKUP TRUCKS. That’s bonkers. That ain’t inflation, that’s Lifestyle Marketing.
@@RK-cj4oc A job worth about $10/hr 10 years ago is still worth about $10/hr today, the real problem is inflation and the only solution is to actually solve the inflation problem and not use band aids to cover the actual problem.
Meanwhile with a little Meal Prep you can have one hell of a lunch every day nice and easy. I work in the field as an electrician, and I'll do stuff like prepping fish, chicken, or steak the night before I go out. Cook it, season it, maybe even make some fancier dishes with said meat, then tuck it in a box and you've got something nice and easy to microwave, that's healthy and much cheaper than eating out.
When I was a young man, an older co-worker told me that there is nothing sweeter than driving a paid-off vehicle and living in a paid-off house. I followed that man's advice.
My car has been paid off for a decade now. Which makes it really easy to throw extra money at the principal of my mortgage. Every dollar of that saves me about six dollars in interest over the course of the loan.
@@86Framer2 cars, 2 motorcycles, and the house are all paid off. You can have your toys, the trick is to get them one at a time and fully pay them it off before getting another one -- over MANY years, buy used, don't buy the "premium priced" brands, etc. Keep everything well maintained and preferably garaged so they last long enough to extract maximum enjoyment from them. I'd rather have my two fully paid off Kawasaki's (used 2005 Vulcan Classic 1500 paid $4k, and used 2020 z900rs paid $9k) -- both run like new -- than having a single new Harley Davidson with $30k+ debt on it. Most recent purchase was a 2005 Ram 1500, paid in cash, plus another $2k to replace the worn out front end -- truck should last another 10 years. Slow and steady wins the race.
this is why i buy hot wheels tracks that i love to put together despite me being 21. its cheap, its fun, and who TF i got to impress other than people like minded as me
My coworker pays 1,500 a month on his and his wife’s new cars. Just yesterday he told me he hates being paid on Wednesday because after he pays all his bills he’s broke. I didn’t have the heart to tell him being paid on Wednesday had nothing to do with it.
Yup. I used to work with a girl who, between her and her boyfriend, had $1700/month in car notes. It's a different level of insanity. They just had to have a pair of brand new Infiniti Whatever SUV's. Think if they'd been buying $1700/month worth of NVDA 3-4 years ago or even just shoveling it all into index funds? Literally anything other than cars...
1700$ a month is ludacris 😭 shiii, I can buy a reliable second hand straight out the lot for 10k.. best believe you ain't gonna wipe the smile off my face, ain't owe anyone shiiiit 😂
I feel the same thing about when companies and apps try to offer "get paid weekly". That won't change anything. Getting paid more often doesnt do anything, you get the same amount of money every month.
I work with an INCREDIBLY successful eye surgeon that does about 60 procedures a week that drives a ‘96 Camry. On nice days he drives a beat up old moped to work. Dude must make $750k/year. Same guy takes at least two month long vacations to go scuba diving in places like Tahiti and Australia.
I’d rather spend it on trips to other places or a good house than a car that feels better to drive but still goes the same speed most times on the road.
I met an anaesthesiologist who makes probably around 20k a week, he drives a 15k honda civic. Very telling. He did say he wants to own a McLaren p1 one day though 😂
@@chadrides914Sounds like he needs a little push to get the gears grinding and realize he’s being a lil bitch who is sitting on a golden ticket and is too scared to use it and combat his insecurities
Why would I give everything to a company that won't even give out a pension and who demands a 2 week notice before quitting when they will fire you in a heartbeat. 40 hour guy is right.
So how do they look at 4 months per year, 24-32 hours per week of those 4 months? Because that's what I'm boiling it down to now... I mean... gotta make some sacrifices... like being perpetually on vacation... but life ain't so bad.
yup that's the American brainwashing. Americans have ben brainwashed to think working your life away is a good thing and a flex. you see it all the time where American dudes think they are flexing by saying they do 12hour shifts. as if not having any free time was a flex. + i think USA is the only country that does not have vacation as a human right. even slaves in china have by law the right to a few days vacation per year. in the US it's considered a privilege that employers don't have to give you. it's really sad how brainwashed the US people are about their situation. they don't realize how they are the worst 1st world country with the least freedom.
When I worked construction 2 years ago I overheard 2 guys I worked with saying "The bank keeps calling, I just told them if they want the truck they can come and pick it up" That's when I realized my 09 civic was just a smart pick
This is so true. A relative of mine worked 80+ hours a week to pay for the custom home, the new cars, side by sides, the other toys. And every time the wife or kids would get mad that he was never home, he’d yell that he’s doing it for them and to give them that lifestyle. She ended up leaving and took the kids with her. How much you work and what toys you have doesn’t mean jack at that point…
And depending on the state, she probably took a significant and continual chunk of his paycheck with her. Ouch. And that's before the attorney fees, or assets sold at near fire-sale prices.
Gotta love that. The woman leaving because the man is working. That’s selfish tight there. Chick probably left him for a jobless man so he’s home all the time.
@@ARealPain Probably. You're at work so you can buy nice things = "You're never home", You only do 40hrs so you can spend more time with her = "You don't make enough money"
Absolutely. I only work 6 months of the year but when I do it's overtime and I only spend 20% of my income. Make $1400 a week and spend about $200-$250. Even only working half the year, I'm about to become an investor.
This video hit me at the right time, 30 years old, selling my corvette, got not much other bills but I have had my own place, I’m taking advantage of my situation, getting me an older Civic SI, saving money, done caring about what other people think
I'm running my '22 Civic until the wheels fall off. I also use a bicycle for smaller trips to avoid putting unnecessary miles on the Civic. I don't gotta impress people for shit. The only people I care about what they think of me are my actual friends who don't care about what possessions I have or what job I have. I have friends who are still supporting me as I go through being unemployed cuz my last company (9-5 job) laid people off after forcing us to do seconds shifts and weekends with no extra pay. Lesson learned: freedom > money
I personally have one those hanging folders in my file cabinet full of titles. I may not have just one super nice truck but I do have one truck for every different need!!! One crew cab 4 wheel drive f150, small lift and 35s. One service body work truck, 446000 miles but still paying the bills, one 12v Cummins 4 wheel drive just cuz why not, a 98 ford ranger just cuz, a 90 model long bed c1500 work truck because I can. Some one please explain to me where my paid for shit fleet won’t make more money than one over priced debt mobile…..
My dad drove the same truck for 21 years ... the odometer stopped working 4 years before he just gave it away with around 400,000 miles on it. When I was a kid, I thought he was poor, now at 40, I know he could have paid cash for 3 new trucks if he wanted to... but was wise enough not to. My dad was concrete finisher his whole life. Came home dirty everyday from work. Today, he is a millionaire.
hell yeah, hard honest work pays off, but a little frugality and common sense take it even further. My gramps drove a UPS brown truck for decades and retired.He's also a millionaire now from his investment and retirement plans and literally cannot spend the money faster than its accumulating now. paid off house/land, paid off car, paid off tractor, everything! He finally replaced his WalMart special laptop he bought in like 2013 over the holidays.
One of the things more people need to learn is that the real value of money is being able to choose to earn it have less of it, and not have that be a problem.
I see the same thing with people working two jobs to pay for a Chipboard McMansion that won't outlast their mortgage. They make it home in time to sit in an over-equipped gourmet kitchen and eat take-out from a styrofoam box then stagger through a series of over-furnished, over-heated or over-cooled rooms to flop in a bed, get up and work again.
whats actually the biggest killer for debt is not big purchases, but a lot of smaller purchases that add up. its easy to see the cost of how buying a car or a jet ski will hurt you when you see one big price tag, but with some people, especially women shoppers, its often a bunch of smaller shopping sprees and eating out over a few years that add up over time that you don't think about. thats where the really sand trap is.
I recall the first time I ever got myself into debt, it was because I lost my job at the same time as I got an ambulance bill and major car repairs. I use my credit card to float through the unemployment and float down payments to when I did have a job again. It took me half a month to pay off and that entire time there was always the lingering dread about what if something happened to me again then I wouldn’t be able to afford the debt or what if I lost my new job because then I wouldn’t be able to afford the debt. After that, as I was getting it all paid off, I took a serious look at my finances in my expenditures and cut out a ton of stuff that was really just waste of money so that way I can get myself solvent again, and ideally never need to take on any more debt. The thing that really cinched it was having to limp home with the gas light on after the card had only have the money I expected to purchase fuel with because earlier that day after I last checked it, it got dinged with the interest payment. I still think about that terrible rain storm day and hell just a little frivolity or interest more and I wouldn’t of been able to get home.
He's telling the truth about being a slave to a job. I'm a working man myself and I worked years of overtime to be totally debt free and work only part time currently. God bless hard working people 🍻
My monthly car payment is what I used to pay for an entire car when I was in my 20's. The "newness" wears off quick and then you just have a $2000 car payment every month.
My god so many trades guys are hyper guilty of this shit. They complain about gas prices but drive a v8 140 miles a day. I worked with this kid who was getting money for the first time in his life. He had this jeep one of those like minivan ones, ran smooth 0 problems. 2 months into our busy season he financed a lifted truck that’s transmission broke down and cost him another 2k. Another guy told me straight face “I’m saving up to buy a house” then the next week bought a razer, another guy needed to go to college for a job he wanted went to some hack college that cost him 2k for his classes and WITHIN 30 MINUTES OF TELLING ME THAT showed me the ar, bag, and scope he was going to buy (like 3k total) genuinely dumbfounded.
I see it all the time "blank political party- they are to blame" ohhh so not your expensive vehicle, with expensive insurance, with expensive maintenance that gets 14 mpg... That you only commute with ? Oh and you spend 400/month on guns..... Hahahhahaha
I'm 45, about to be 46 in July. I was like the orange shirt in my 20s. I was single, no kids, and making damn good money working in a coal fired power plant. I had to have a full size truck, had a quad, a wardrobe that GQ magazine would have been impressed with, spent money like crazy. Sadly I got hooked on pain meds and eventually lost all of it. It sucked, but it was one hell of a valuable lesson. I've since gotten away from that rotten stuff and rebuilt, but boy am I frugal as hell now. All of my work shirts have holes in them. Haven't bought any new in 4 years. I wear the same pair of $35 Under Armour sneakers that I got on sale 5 years ago. I got 2 cars. 2008 Dodge Caliber that's my baby. Nobody looks at her, and I got a 2019 GMC Terrain grocery getter. These days material shiny things don't do much for me.
In your 20's, a lot of guys don't get it, their libido is screaming at them to impress these women and get it in. So they buy all that crap! When you start to hit your 40's, your groin isn't talking to you as loudly anymore, so now your brain can get some wisdom through to you!
Ive got 2 main rides: 2022 Honda Civic that will prolly last for numerous decades as long as I do basic maintenance, and an ebike that I use for small trips. I don't gotta impress people for shit, just myself when I see my bank acount
My boss recently said overtime was available now. So work as much as you want. I responded I am. 40 hrs is good enough, and tume with my only kiddo is more valuable. I just recently read "the only one that will remember you did over time is your kids."
@@Sashazursadly I bet when my father is on his deathbed he’ll have wished he worked a little harder to go to just 1 more country. This year my parents have been out of country for all 4 kids’ birthdays’
I had a coworker like this. Then his wife lost her job and he couldn’t work enough overtime to keep it all afloat. Guess who started selling his toys off to some other coworkers. It was sad to watch.
I know a guy who recently upgraded to a $2M house with 5 acres in a private gated neighborhood. But his wife is having to spend 2.5 hrs each weekend on the riding mower because he’s working all the time. Sounds like a bad upgrade to me. Just because “you can make it work” doesn’t mean you should Soon he’ll have a landscaping bill too
I agree 100% you can have $2k in the bank driving a $80k truck and people going to think you're doing big things or you could have $80k in the bank driving a $2k paid off truck and people will think you're broke.
I will never work more than 45 hours. I quit my last job because they mandated 12 hours days 4 days a week. Initially I told them you can let me keep my 4 10s or find a replacement. I kept my schedule. For 2 months. Then they said "you gotta switch to 12s". I said ok, walked in the next morning with my 2 weeks notice. Boss man said "let's talk" I said "we talked 2 months ago. Ain't nothing to talk about. I told you I wouldn't be here anymore if you made me go to 12s, now enjoy the consequences of your actions."
😢😢 how long was it before you came back. I heard the same thing from other people I work with in my company. Hopefully it worked out for you. God bless brother❤😊
Lol you really think they cared if you left? .. they 100% replaced you very fast. Sounds like you screwed yourself. Out of a job, lost all your seniority, and now have to find a new job and start from the bottom haha.. real smart
JT4RN Tacomas aren’t the same. Nomi Dana sabotaged the frame. That’s why there aren’t any and the “buy back” they flopped EVERYTHING around the intake, starter, exhaust manifold everything. Can’t swap parts and the clamshell diffs totally different “made in merca” “truck” if you have a taco sorry for your loss it’s not a made in Japan truck.
@davesteier-xf5lh tacomas are excellent trucks lol, frame was an issue in the rust belt areas, but recall was easy. I undercoat mine with fluid film or similar and have no issues.
My dad told me when i was 17, "folks who bring a lunch buy houses, folks who buy lunch rent houses" my 2012 fiesta carries me to work and back to my house daily, over 252k miles on it.. cheap car with a manual transmission, over 35mpg.. I spend money on my kids, not my wheels..
Groceries and lunch are not much different. If you’re eating bologna sandwiches everyday the medical bills and general health issues will cost a lot more.
@@brickstep8424 ? What do you eat for lunch on the factory floor? They only give you thirty minutes. Cold cut sandwiches are really one of the few foods that work. Hell the salad sits in the meat 😂
@@mommalion7028 I work in the trades so lunch is quite easy but when I worked a job like that I brought a lunch of greek salad, yogurt, protein shake, and a pbj or left overs from dinner.
Yup. I'm glad Ive got friends who support me even though Im currently unemployed. Those are how you know you've found true friends youll hold onto for life.
I worked as a manager in an oil refinery. I was excited when I saw the new Bronco came out because I knew I wasn't going to have to worry about getting plant operators to work overtime over the holidays. Don't mess up a good thing with these videos 😄.
1000% truth. I see it at my job. They talk trash to me because of my Subaru, but then ask me how I can afford to take the vacations we take through out the year. I also remind them I'll be able to retire in 4 months at the age of 55 and still not have to draw my SS until I'm 67.
Good for you! I used to think I would wait to draw my CPP but the more I think about it, the more it makes sense to draw it early. If you took your SS early and invested the money you would only need a moderate return to be making the same as year 67 SS draw, plus you would already have the money. You would have to be disciplined, but it sounds as though you are disciplined, otherwise you wouldn't be prepared to wait until 67.
Good for you…you get it! Most people don’t. I just retired at 59. I have a bunch of investments that keep going up ( real estate, rentals, stocks) I drive a 2016 Nissan pickup, wife drives a 2011 Toyota. It helps HUGELY to have a partner with the same mentality. Btw I’m a tradesman not white collar.
An old man once told me to never make a living off of your overtime cuz it won’t always be there! Best advice I’ve ever gotten working for that company! He said a lot of guys work all this overtime and go out and buy themselves all these toys. Then once the O/T drys up they running around like chickens with their heads cut off 🤣
I worked OT for about 11 years at a previous job. Anywhere from 4 to 12 hours a week. It wasn't bad. I used all the extra earnings to turn my 15 year mortgage into one just under 8 years. After that I left that job because I was debt free. It truly is a wonderful feeling. I now work a job that pays a lot more. I maybe do an extra 1.5 hours per week. Save your money folks. You never know when that rainy day, week, month or year may hit you.
Let’s break this down. - In Germany, if you make €60,000, your income tax rate is 40%. - Add an extra 6% on top for “Solidarity Tax”, an administrative fee. - Are you a registered member of a church? Add 8% to that tax figure. - Gonna go shopping? Pay an extra 19% on top of that bill. - Selling personal possessions? Well, don’t forget the 25% capital gains tax. - And, unless you want to freeze to death in the winter, remember to pay about 60% more than your neighboring countries for any given energy source. But, hey, at least your ability to earn overtime is limited.
@@alexjohnson5677 your tax rates are wrong. It’s not 40% at 60k, also there is no Solidarity tax at 60k. Church is also 8% but from your income tax and not from the income itself. Also it’s not mandatory. 25% for „selling personal possessions“ is also wrong, there is no tax for selling privately used real estate for example and also tax free after 10 years. Energy cost is quite high but also not 60% more. So.. quite poor break down. Also I don’t get why you even answer that to my comment. I don’t like taxes as well, the 48h work week rule is also stupid. But hey, that’s what it is.
I had an uncle in small town ohio who worked for the state as pretty much a handyman. Always had to have new trucks, RVs, 4 wheelers, trips to Nashville. He died recently and his kids found out he was over 100k in debt, there was nothing for them. Not even his house is worth anything because he financed against it and kept rolling those notes over.
This is so fucking accurate man. I'm a union pipefitter so i know EXACTLY what the guys i work with make (the same as me) and it's crazy to see how many guys are absolutely loaded because they're good with their money and how many guys are dirt broke because they spend it all on cigarettes, alcohol, and scratch offs. And Trucks.
@@coreyburke3493 I got a coworker that just does voluntary repos every time he can't afford or doesnt want a car or truck anymore. And somehow still finds banks willing to finance a brand new car for him a week later. He is paying for like 3 cars he doesnt own anymore.
Wait until time to retire rolls around as well Did you know they changed to old story about the cricket and the ant? Used to be the cricket wasted it's time (and resources) all summer, while the ant worked hard and stored away food. When winter came around, the cricket starved to death while the ant was warm and full inside it's nest. Now the ant takes the cricket in and feeds it World does not work like that
Retired from the fitters 7 years ago after 40 years. Living debt free. I hope you’re holding up and can make to retirement with your body in good shape.
The best part is when people at your job can't comprehend what you just did like "you can't just leave dude you have to make payments" yeah, I can make em for the next 8 months if I need to lol
i use an E bike myself and honestly it works great. its only like 10-15 minutes longer than it would have been with the car anyways because a good enough e bike can still go 25+ MPH. more if you pedal
Oh boy do I remember lower and higher ranks alike buying expensive cars, wearing posh clothes and going out all weekends when I was in Okinawa. What's worse is that local girls thought that GIs made lots of money and accordingly threw themselves at them 😂😂😂😂 if only they knew better.
This is exactly what comes to mind every time I hear about Hustle Culture. All that time spent "hustling" or "grinding" is such a waste if you can't even enjoy anything you earn.
Hustle-culture such a crock of shit. There are those who need more jobs because the wage system is broken, then there are those who think the "hustle" is setting them on a pedestal. I would rather keep my time then spend it like that, if my bills are all paid and my belly is full.
Hustle culture is typically different then this. They normally save their money for one of two reasons: 1)Super early retirement Or 2) They take long periods of time off of work, sometimes months, sometimes a year sometimes more and do stuff they love then find another job.
@@OgdenM exactly, I'm out of credit card debt, I have $900 on a 401k loan I will have paid off within about a month, and about $15.5k on a car loan I'll have paid off within 18 months, probably less. It feels freeing even being done with credit cards!
I worked with a guy who was so far in debt that we assumed he was going to lose his security clearance at some point. The alimony payments didn't help. Both of us were software engineers, so we probably made a similar amount. I kept my expenses low... sandwiches and driving an old vehicle is spot on. Meanwhile he's driving a new BMW every couple of years. At one point I was earning 3x my living expenses. I retired a few months before I turned 50 🙂. I live a modest life, but my time is _mine_ .
I think that is what a lot of people struggle with. Specially younger folks, they get their first bit of money and start buying things they don't need.Buddy of mine is very wealthy, easily makes over 200k a year just from rental properties and investments he and his folks have made over the years. Lives in a modest house, drives a 5 year old truck that is paid for and doesn't have useless expenses. Has nice things but doesn't waste money.
Try someone like me, toghtass living off grid who has 80% of their income disposable. So earning 5 FOLD their cost of living. I only work about 6 months of the year and am about to become an investor.
@@HedgeMaster26 everybody needs to pick and choose the toys they get unless they have stupid levels of money since every toy you add will cost you time. sure you can use some of your money to pay someone to maintain your toy but that will still mean picking leaving it or picking it up etc. and that still takes time. focus on 2-3 things you enjoy save the rest and live your best life with as little work as possible.
I hope you were investing and not just sitting on a stack of increasingly worthless USD. Im 33 and basically retired now, moving overseas in July and going to live a modest life running a hobby shop and investing my money income from it. 👍
The whole "hands in the air making a random disconnected affirmative statements and then repeating them ad nauseum" thing is so accurate. Not just to money, but everyone trying to pretend to be something they ain't.
That's what I tend to see, in the construction business becomes more pronounced, lots of guys with their trophy trucks not putting them to work....I don't even like trucks am more of a van man myself....
@@VideosVlogsThatsIt Plenty of people that drive a truck can afford it just fine. Why do you somehow think all truck drivers cannot afford their truck?
A short while before I retired (about 11 years ago at age 60), I asked my father why my coworkers mostly had nice new cars while I was driving a 20 y/o Oldsmobile (which was actually a good car), he said "It's because they have debt but you have wealth!" I didn't waste money trying to impress people with money; I preferred to save and invest it. However, I was able to enjoy it. When it was time to go on vacation, I drove to airport to catch a flight to the West Coast--so I could connect with my trans-Pacific flight, and when I traveled overseas, I rented a basic compact car, stayed in budget motels, and bought much of my food in grocery stores (things I do in the US, with the exception of driving my own car--a 2020 Hyundai Accent I bought new for $18K cash) if I can. If one lives below his/her means, and being thrifty, one can "have his cake and eat it, too" and life is good.
I work for an oilfield company, and the work is cyclical. I’ve seen way too many young guys get a taste of that pipeliner money and immediately go into debt buying all the toys & fancy trucks. Then they either lose it all or have to try to sell it all when work slows down. It’s sad to see people equate having a lot of stuff with being wealthy. I’ve been trying to explain the whole having debt versus having money to people for 30 years, and they either just don’t get it or can’t get past wanting people to think they’re wealthy. My car is paid off and has been for five years. I’ll take care of it and drive it until it won’t go anymore. My home is paid off, and it is probably where I’ll live until I expire. When Covid hit and everyone’s finances went into the toilet, I was - and still am - grateful that I didn’t have the added stress of huge debt. The bottom line is live within your means. Who cares whether others think you’re wealthy or broke? Others aren’t the ones responsible for paying your bills.
@@auntbeatrice6911 Same here! I was a bank teller when I graduated from high school MANY years ago. I noticed quickly that the accounts with the biggest balances were held by people who looked like they had very little. Outward appearances can be quite deceiving. I would much rather live a modest lifestyle than constantly being stressed out about bills and people trying to use me because they think I have money. I don’t have a lot of material wealth, but my peace of mind is worth more to me than money.
To be fair, the housing market is scary right now. My house set me back like $250K, so no nice car for me for awhile: I'm driving a 2005 Prius that cost me $3000.
@@StandingStones409I don’t really see how majority of people are even going to be able to buy a house anymore. You just about have to either be very rich or inherited it.
My sister and brother in law bought a boat and told them "hell I got a trash can you could have just thrown the money in, and you dont have to winterize the trash can."
We got a $2000 bonus once and my coworker asked me, "what are you gonna buy with it?" That's just the way most people think. They get money. They spend money. And I'm going to be sitting at home retired early while they work until they're 70
If I get an unexpected bonus then I'll likely spend it on something I've put off buying, or something for me. My budgets are set and I live within my means, so if it's extra money it's going to be used to enjoy. I used my last 2k bonus to buy castings to build another model steam engine, and I wouldn't have bought them using my monthly income. It's a bonus, not money to mither over
while i get your point... you must be a big buzzkill with your friends if your first reaction is to scold them for not putting that much of a bonus into a 401k or something when they ask you that innocently. seriously, chill out man. sometimes people want to buy something for themselves thats actually, ya know, fun!!! can you believe that! people want to have FUN sometimes instead of putting ever spare dollar in the bank! /s
I was talking with a coworker about the importance of having an emergency fund. He considers his credit card as an emergency fund. When I tried to explain the difference between assets and debts, he short circuited
Once you have enough assets: lines of credit _are_ the best emergency fund. Basically keep all your money invested... don't have a stack of idle cash... and only use a line-of-credit/heloc/margin/cc etc to cover 1-2 weeks of an emergency (because liquid investments could still take a few days to sell back into cash and transfer accounts). But most people don't build that pile of investments first, so they have nothing they could sell after the emergency to replay a loan. Emergencies are rare enough it's no big deal to pay interest for a week or so to cover them... if it means your money remains invested 24x7 and making you a return all the rest of the time.
Exactly, I drive a 20 year old car and have no debt at all and yet people in their flashy cars swan around as though they are better than everybody else, last laugh is on them.
There is much truth in this video. I did 20 years in the Air Force. Eventually I figured out his wisdom and got completely out of debt. Worked 4 years after that, then retired at 45. Now I work when I want and for who I want. Being wealthy is not having stuff. Being wealthy is having freedom.
The only debt I have is my mortgage, which I'm paying off at an accelerated rate. I drive a 99 Pontiac Sunfire to work. It costs me nothing but the fuel. I work with some people who drive into work in big trucks, paying $1000 a month for the privilege before paying for insurance or putting any fuel into it. And these people are not rich and have never gone on holiday in years. Husband's who work non stop to pay for it. Even had one tell me he doesn't think he will ever retire. He was only 40. No pension, no savings and no investments. It's really really sad knowing that these people will die in their boots due to their terrible financial decisions.
I tried to explain this to a co worker 15 or 20 years ago. He was in the lunchroom bleating that the eeeeevil company didn't pay him enough. He made $30 an hour and all the overtime he wanted to pick up. So I pointed out his new truck, named off his boat, ATVs, snowmobile, cabin up north, $500,000 house, all the things that I'd heard him brag about. "I deserve that stuff!" He snapped. "That's your problem, " I said.
One of my dad’s friends growing up worked a desk insurance job. He bought a huge pickup truck and he wasn’t more than 5’7. He didn’t have a job that required him to haul anything so it was just hilarious
In every UAW manufacturing plant, about a month after they cut overtime you see all the ads go up on the bulletin boards for all the motorcycles, boats, snowmobiles, jet skis, etc owned by the poor planners. Probably the same in the oilfields.
This was me in my 20's (saving). All my friends were driving new vehicles, getting their own place, going out every night to the bars, out to eat, etc. I drove crappy old cars, lived with parents, etc. Im retired now, and all my friends are still working, breaking their backs in their 50's.
Smart. This why I don’t believe in moving out so fast. Stay with your parents until you have enough to put a nice chunk on a house and have it paid off in 10 years or less
living with parents is a great deal if you're compatible. Many multi generational households are just endless fighting from people trapped with people they don't like due to poverty.
@@user-wv1sg4gz4h It’s not mooching if you’re contributing to the expenses. My mom and I alive together only because we, including my brother, are co-owners of the house so I’m just stacking my bread
Worked Lowes Hardware, $10/hr, like $1200/month takehome. Coworker got a brand new F-150, talking about his $500/month payment. Kicker is he lived 45 miles away and this was during the 2008-2010 mess when gas was killer. Dude would drive his mom's beater Honda half the time cause he was spending everything on that truck, insurance, and gas. But he had it!
I used to do 83-84 hours a week. After 12 weeks I bought another car. Then was sacked 2 weeks later because the backlog was finally caught up on. Strange being unemployed with a car with leather seats and 53 buttons and 13 interior lights in the cab. Back in 2008. All paid upfront
@@OffGridInvestorI should’ve been working the oil fields during the great financial crash of 08 instead of learning cursive and times tables in 3rd grade.
I had a guy at an old job make fun of my 26k Honda and he told me he thought a big guy should drive something bigger. I told him that my entire car plus the interest on the note was less than the depreciation on his $90,000 truck the day he drove it off the lot.
The idea that real men drive full size 4x4 pickups has probably bankrupted so many people. Sorry false pride and ego isnt something Im going to go bust over
I had someone make fun of me for my beater car once so I told them, "I paid 1500 dollars cash for this car in 2010 and haven't had a car payment in a decade, it's one of the best financial decisions I've ever made." Rip 2000 Toyota Camry.
In my occupation I’ve seen the guy with the yellow hat, the guy with the carbon fiber hat, and I’ve seen the wildcard…the guy that has a stash of money from cashing out on an investment/inheritance and doesn’t tell anyone about it, but has nice toys that are slightly out of our(salary’s range). Learned a few years back to refrain from pocket watching.
Unfortunately this is my dad. We work in the same profession but he always bought toys that he couldn’t afford just to have the appearance to our coworkers that he “got it like that”. I recently realized the reason he almost died from drinking twice in the past 3 years is because he is in so much debt that he knows he won’t be able to afford his lifestyle and will have to sell the things that he led everyone to believe that he could afford. The drinking helped him “escape” the very childish financial decisions that he has made over the past 5 years. He gets out of rehab this week. I think now he realizes how bad he messed up because our job had to get involved and they said he either gets help or loses his job. He has burnt our relationship because of his drinking and lying, but for his sake I hope I see a change when he gets out!
Used to work in Corrections. At the time, Corrections Officers in my state were working 7 days in a row, then getting 2 days off, followed by another 7-2, another 7-2, and then a 7-4. Rinse and repeat. Within those 7 day stretches I think I usually worked around 82-96 hours due to the amount of mandated overtime. Even with the ungodly, unhealthy amount of overtime, there were dudes who were signing up for it anyway. I knew a guy who was working six 16-hour shifts in a row within every stretch because he wanted to pad out his pension. COs would be spending their money and boats, trucks, hunting gear, etc. But they'd eventually be trying to sell them to our colleagues because they didn't have the time to use them or they'd be in some awful financial situation where they were still hurting for money despite how many hours they worked. Money is never worth it if you're miserable and depressed. Money is useless if you're dead; you can't take it with you.
OMG man I know EXACTLY what you mean!!! I also worked in corrections for a while, and the OT was insane!!! Lucky for us tho our schedule was 5 on 2 off per week. Unless you had a bunch of seniority, your weekends were something like Monday & Tuesday or Wednesday & and Thursday, but definitely NOT Saturday & Sunday. The older guys were so incredibly lazy and would go crying to the union if God forbid they had to help cover some shifts to help keep mandatory OT down. The money was absolutely NOT!!! worth the trouble it caused with my family from never being around.
When I worked in mortgage we’d see pipeline security guys making like $150/hr working essentially 24/7 for months on end, then apply for a mortgage and have $8 in savings. Never once did any have money left over
Rich people live in debt because they have no income they aren’t taxed they borrow money. The author of rich dad poor dad is a billionaire in debt. Thats what he does.
@@NinjaZXRR Kiyosaki talks about good debt and bad debt. Bad debt pulls out of your pocket each month. Good debt puts something in. You can go into debt for 1 billion, but if that debt earns you enough for the monthly payment AND an extra $500, you've got good debt.
I was a massive fool. I spent 12 years in China earning enough to buy me a house back home in the UK. Instead of doing that,blew almost all of it on stuff. I'm now 39 and back home with parents (albeit temporarily,) with shit I don't use Thankfully, I'm off to Málaga Spain next month. No job, just find bar, hotel or restaurant work, find a room and restart my life. Been reading stuff like 'Rich Dad poor dad, One up on Wall Street, Unshakeable and The simple path to wealth and I'm just going to live simply, invest, work on myself and my health and appreciate experiences and working on a skill. Been studying Spanish since Jan 2022 and also play guitar and write stories. Man, I'm done with consumerism. Now, I want to serve others, learn and grow constantly and just enjoy the present. THANK YOU FOR SUCH A SIMPLE BUT BEAUTIFUL LESSON.❤ Subscribed and liked.❤
I got this same dynamic with the guy I work next to at work. He's got a $40k Jeep, tattoos, guns, many thousands of $$$ in Snap-On tools, and he owes money on nearly all of it, plus thousands in regular credit card debt. I've got a $15k Ford and a $3k project car, reasonably priced tools, and zero debt. Both of us live with our parents still. He's always stressing about how he's not making enough hours (we're flat rate mechanics), meanwhile I could make 15 hours a week and still come out ahead, yet usually make about 10 hours a week more than he does in the same amount of working time. And instead of bettering himself, paying down his debts, and making himself more money, he instead just keeps talking about how he wants a big diesel truck, more tats, and a new gun.
honestly i don't see whats wrong with this inherently. some people just prefer physical things to money in the bank. maybe he like big trucks and gun more than having that money. sure its not necessarily as stable as your way but if he is self aware that he is making a choice for his life and is okay with it, i don't see how its wrong
Sound like me. I've been a diesel mechanic for 15 years, have a snap on box I bought used for 2800 and a harbor freight cart filled with a mix of harbor freight as of lately and Cornwell as of early. I drive a 2002 civic that just rolled 300,000 miles and bring lunch every day. The rest of the guys are in debt to their eyes. Im not interested in that.
@@sovietunion7643 I agree. It's not wrong to have "things." As long as those things are not putting you into a dire financial situation where your payments for them exceeds your income, and you aren't becoming so connected to your stuff that you have trouble letting them go. OP says the guy lives with his parents so he probably doesn't have many other responsibilities besides paying for his stuff. If he had a family and a mortgage and bills, collecting things as he does might be a problem.
It’s wrong because he’s driven by materialism. He’ll keep buying the new thing, and more of it, but he’ll never be quite satiated by it. There’ll never be an enough for that sort of person. His choice how he wants to live, but living solely on your instincts and desires won’t get you far.
@@redtra236 Yes, if you consider a penny per gallon to be "a lot". The price of oil is set by the world market and that pipeline will increase the supply on the market by a small fraction of one percent. The Houthi rebels' missile attack on a tanker last Saturday will have a far greater effect and should serve to remind you that oil makes you dependent and vulnerable.
I had a guy like this at work who leased a Lexus and would brag about it to all of us, most of us were on the exact same pay as him. We looked up the cost of of his lease and he was paying 60% of his monthly wage just to lease this car. 🤷♂️
A Lexus is just a fancy Toyota. (I work at Toyota) Nothing crazy. But good for him. It’s a semi luxury car for people who can’t afford/want a real luxury car without paying a lot
A Lexus is nothing more than a Toyota with leather seats and pretension to luxury status.... Its for people who think they have money and want everyone else to believe the delusion along with them.
This is the conversation I imagine every time I drive through the worst part of town and see the streets lined with multiple brand new $60k+ cars and trucks.
Having grown up in a very nice part of town and having lived in the ghetto in my 20's, I found it incredible how many nice cars I saw in the hood compared to where I grew up. Sure there were BMW's and Mercedes Benz's on the block, but not as many as I saw in the hood.
You guys nailed it! I live in a part of London where there's a ton of refugees or 1st generation immigrants, in a building that used to be social housing, old, and quite frankly beat up and ugly, but the streets are lined with BMWs and Benzes 🤷. Went apartment hunting just 2km away from here to a much nicer area, cleaner, and so on, and the car brands over there seemed more sensible. I'm happy I'll get out of this neighbourhood soon 😊
Reminds me of a coworker who made way less than me who bought a brand-new F-150 with all the bells and whistles also bought a big house with a pool. Much nicer than mine. We live in Florida had a Hurricane coming. Boss lets us off early to secure our homes and get supplies. In the Hone Depot check-out line his eyes got real big when he saw the bill. He then pays with a Credit Card. When i checked out I used cash. I had money and he had debt.
Folks on other platforms seem to be missing the point of this video. This isn’t a “save all your money” Dave Ramsey style video, it’s a live your life while you can video. Enslaving yourself to overtime for the rest of your life just so you can flex all your toys to your buddies that you can’t even enjoy because of said overtime isn’t living at all. The comments on UA-cam is why this will forever be my favorite platform. You guys get it 🫡
💞😍💞
It's like I've always said: I work to live, I don't live to work.
Some people dont understand this. They will be in debt and forever broke down and enslaved to a job to oay their over extended debt...andbbarely able to enjoy all their toys.
I swear you know our friends!!😂😂
I work as much overtime as I'm allowed to, to have enough money to buy my job back from my employer when I cost my employment money like cutting all studs at an angle and the building collapses
I live to work . Its a good life when i got a job. @majoraslayer64
99% of the time the big ass truck is used to carry 4 grocery bags in the passenger seat.
So true, lol. Sometimes a propane tank for the grill in the bed. But very rarely.
Propane tank would fit on my bike, i bet.
Hate people that drive big vehicles
Most are pavement princesses. It's a joke.
@@0bsmith0 pavement “pounders”…
😂😂😂 This is the truth, an older guy told me once, "overtime don't make you rich, it makes you tired" 😂😂
Still get taxed at 30% on it.
Amen!!!
I have tried explaining that to some people at work, especially since the tax brackets recently changed, and they just don’t get it. All they see is that overtime check hitting their bank accounts and don’t think beyond that. One woman I work with, after I told her she should go home and get some rest when she was sick, asked, “you gonna pay my bills? You gonna pay me for taking time off?” We used to get the first eight hours of overtime worked as comp time (state prison job). But the state got shot handed and people were more interested in money than time off that they switched to first two hours is comp, everything after is overtime pay. Now, people don’t earn enough time to take off when they are sick, just plain exhausted or have a last minute, non-health related issue come up and they have to burn sick time, vacation, and comp time just to take a day off whereas we used to not even work half a year due to all the use or lose time we built up from comp. And they don’t understand that that overtime check is getting hit with 30% tax in addition to their taxes at the end of the year. 3-4 of them were complaining about having to pay in this year instead of getting a refund but they all stopped when I walked in and laughed at them.
@@ShortArmOfGodI work everyday trying to pay off my lovely student loans only to get screwed by taxes bc I make “too much.” TF I do!
It's made me rich. That and living off grid like a tightass. But most of my family is like this. Live tight as hell and some have bought houses WITH NO MORTGAGE. The only debt I've ever had has been mortgages. Last car I bought was while I was unemployed.
Can we just acknowledge for a sec that people are spending $75-100K on PICKUP TRUCKS. That’s bonkers. That ain’t inflation, that’s Lifestyle Marketing.
If wages kept up with cost of living and inflation people would be able to afford it.
We should not have to lose purchasing power for corporate greed.
@@RK-cj4oc A job worth about $10/hr 10 years ago is still worth about $10/hr today, the real problem is inflation and the only solution is to actually solve the inflation problem and not use band aids to cover the actual problem.
When I see people driving new trucks driving around town I just sigh. They think they are cool but everyone thinks they’re an idiot.
@@RK-cj4oc wages are actually increasing faster than inflation. the price of new trucks right now doesn't have much of anything to do with inflation
$75-100k could pay off a small 2bed1bath in my small hometown dude 😭😭
My co workers order food everyday. Imagine showing up to work for 8 hours and immediately erasing 1½ hours.
I mean you gotta eat
Who is spending 1.5 hrs of pay on lunch?
@@trollingsnowflakes3144people who order doordash.
Meanwhile with a little Meal Prep you can have one hell of a lunch every day nice and easy. I work in the field as an electrician, and I'll do stuff like prepping fish, chicken, or steak the night before I go out. Cook it, season it, maybe even make some fancier dishes with said meat, then tuck it in a box and you've got something nice and easy to microwave, that's healthy and much cheaper than eating out.
@@trollingsnowflakes3144 people using uber eats
When I was a young man, an older co-worker told me that there is nothing sweeter than driving a paid-off vehicle and living in a paid-off house. I followed that man's advice.
My car has been paid off for a decade now. Which makes it really easy to throw extra money at the principal of my mortgage. Every dollar of that saves me about six dollars in interest over the course of the loan.
Truth!
@@86Framer2 cars, 2 motorcycles, and the house are all paid off.
You can have your toys, the trick is to get them one at a time and fully pay them it off before getting another one -- over MANY years, buy used, don't buy the "premium priced" brands, etc. Keep everything well maintained and preferably garaged so they last long enough to extract maximum enjoyment from them.
I'd rather have my two fully paid off Kawasaki's (used 2005 Vulcan Classic 1500 paid $4k, and used 2020 z900rs paid $9k) -- both run like new -- than having a single new Harley Davidson with $30k+ debt on it.
Most recent purchase was a 2005 Ram 1500, paid in cash, plus another $2k to replace the worn out front end -- truck should last another 10 years.
Slow and steady wins the race.
you must've been born in the time when people could own houses!
Living in your mom's basement is certainly the best way to live currently, unless you just have over 500,000 lying around to buy a house.
The old saying is, "people buy things they don't need, with money they don't have, to impress people they don't like". Great video!
It's good for the used car market.
My 2013 F150 was ALOT cheaper to pay off!
Tyler Derdan is that you? Or is it me?...
I remember the sentence after that, too. "It's stupid!"
Or people they don’t know lol
this is why i buy hot wheels tracks that i love to put together despite me being 21. its cheap, its fun, and who TF i got to impress other than people like minded as me
My coworker pays 1,500 a month on his and his wife’s new cars. Just yesterday he told me he hates being paid on Wednesday because after he pays all his bills he’s broke. I didn’t have the heart to tell him being paid on Wednesday had nothing to do with it.
Yup. I used to work with a girl who, between her and her boyfriend, had $1700/month in car notes. It's a different level of insanity. They just had to have a pair of brand new Infiniti Whatever SUV's.
Think if they'd been buying $1700/month worth of NVDA 3-4 years ago or even just shoveling it all into index funds? Literally anything other than cars...
1700$ a month is ludacris 😭 shiii, I can buy a reliable second hand straight out the lot for 10k.. best believe you ain't gonna wipe the smile off my face, ain't owe anyone shiiiit 😂
I feel the same thing about when companies and apps try to offer "get paid weekly". That won't change anything. Getting paid more often doesnt do anything, you get the same amount of money every month.
I know someone doing 1500 on just their car and insurance xD
Now let’s talk about interest. I know a guy that just refinanced his car and his new rate is 24%. WTF! He doesn’t really grasp just how crazy that is.
I work with an INCREDIBLY successful eye surgeon that does about 60 procedures a week that drives a ‘96 Camry. On nice days he drives a beat up old moped to work. Dude must make $750k/year.
Same guy takes at least two month long vacations to go scuba diving in places like Tahiti and Australia.
Gimme those vacations over a $100k Benz all day everyday
That's beautiful
I’d rather spend it on trips to other places or a good house than a car that feels better to drive but still goes the same speed most times on the road.
That is intelligence.
I met an anaesthesiologist who makes probably around 20k a week, he drives a 15k honda civic. Very telling. He did say he wants to own a McLaren p1 one day though 😂
Dad said: "Being rich is not about what you spend, it's about what you keep."
@@chadrides914, he still living with mom?
@@chadrides914Sounds like he needs a little push to get the gears grinding and realize he’s being a lil bitch who is sitting on a golden ticket and is too scared to use it and combat his insecurities
@@Dave-sw2dm renting a town house
@@chadrides914 , that is truly strange. Renting when he could be buying.
@@Dave-sw2dmExcept the government really owns your land,you don't. If you think you do stop paying your taxes for a few years and see what happens.
And yet some folks look at the 40 hr/week dude and think they’re lazy or not a dedicated employee when in reality they have their priorities straight.
Why would I give everything to a company that won't even give out a pension and who demands a 2 week notice before quitting when they will fire you in a heartbeat. 40 hour guy is right.
Yep, here I am.
So how do they look at 4 months per year, 24-32 hours per week of those 4 months? Because that's what I'm boiling it down to now...
I mean... gotta make some sacrifices... like being perpetually on vacation... but life ain't so bad.
yup that's the American brainwashing. Americans have ben brainwashed to think working your life away is a good thing and a flex. you see it all the time where American dudes think they are flexing by saying they do 12hour shifts. as if not having any free time was a flex. + i think USA is the only country that does not have vacation as a human right. even slaves in china have by law the right to a few days vacation per year. in the US it's considered a privilege that employers don't have to give you. it's really sad how brainwashed the US people are about their situation. they don't realize how they are the worst 1st world country with the least freedom.
And business owners make up newspeak crap like “quiet quitting” in attempt to shame people into working extra time. Lmao.
When I worked construction 2 years ago I overheard 2 guys I worked with saying "The bank keeps calling, I just told them if they want the truck they can come and pick it up"
That's when I realized my 09 civic was just a smart pick
This is so true. A relative of mine worked 80+ hours a week to pay for the custom home, the new cars, side by sides, the other toys. And every time the wife or kids would get mad that he was never home, he’d yell that he’s doing it for them and to give them that lifestyle.
She ended up leaving and took the kids with her. How much you work and what toys you have doesn’t mean jack at that point…
And depending on the state, she probably took a significant and continual chunk of his paycheck with her. Ouch. And that's before the attorney fees, or assets sold at near fire-sale prices.
Gotta love that. The woman leaving because the man is working. That’s selfish tight there. Chick probably left him for a jobless man so he’s home all the time.
@@ARealPain Probably. You're at work so you can buy nice things = "You're never home", You only do 40hrs so you can spend more time with her = "You don't make enough money"
@@deanchur bought riht
@@deanchur No I have an engineering degree and make enough money to not rely on my partner, maybe it's just the type of women you go for
I don't want the money, I want the freedom. Debt isn't freedom, "fancy" stuff isn't freedom. Financial Independence and comfort are underrated
Absolutely. I only work 6 months of the year but when I do it's overtime and I only spend 20% of my income. Make $1400 a week and spend about $200-$250. Even only working half the year, I'm about to become an investor.
Truth! Granted, you NEED money to get the freedom, but still.
@@OffGridInvestorthat’s bc you don’t have a lot of bills and obviously no mortgage
@@OffGridInvestor lol how the fuck do you survive on 250 a week lol. i eat for that in three days
The things you own end up owning you.
-Tyler Durden
Some of the best advice ever... "Don't go broke trying to impress other broke people."
Church
Exactly. Look at the people whos opinion enslaves you.
Yup. Most legitimately rich people try to hide that they're wealthy.
Realest shit I’ve heard this year 💯
Most Republican billionaires got rich and get richer off broke people though, so there's that 🤷♂️
No one lying on their death bed ever though: "I wish I'd spent more time at work"
Maybe, but some probably thought "man, I was an idiot for not saving any money, and having to struggle by on SS for 20 years".
Depends on if money could’ve helped their condition and if they could’ve made said amount.
This video hit me at the right time, 30 years old, selling my corvette, got not much other bills but I have had my own place, I’m taking advantage of my situation, getting me an older Civic SI, saving money, done caring about what other people think
I'm running my '22 Civic until the wheels fall off. I also use a bicycle for smaller trips to avoid putting unnecessary miles on the Civic. I don't gotta impress people for shit. The only people I care about what they think of me are my actual friends who don't care about what possessions I have or what job I have. I have friends who are still supporting me as I go through being unemployed cuz my last company (9-5 job) laid people off after forcing us to do seconds shifts and weekends with no extra pay. Lesson learned: freedom > money
Its not yours until the title is in your hand otherwise you're just renting it every month until it gets repoed
Title in hand don't mean schitt to the tax man. You don't ever own it anyway the govt does. Deal with it
@@hbhkennel918👍🏻
I personally have one those hanging folders in my file cabinet full of titles. I may not have just one super nice truck but I do have one truck for every different need!!! One crew cab 4 wheel drive f150, small lift and 35s. One service body work truck, 446000 miles but still paying the bills, one 12v Cummins 4 wheel drive just cuz why not, a 98 ford ranger just cuz, a 90 model long bed c1500 work truck because I can. Some one please explain to me where my paid for shit fleet won’t make more money than one over priced debt mobile…..
@@hbhkennel918show me on the doll where the tax man hurt you
So I guess you’re not a home owner till it’s paid off too
My dad drove the same truck for 21 years ... the odometer stopped working 4 years before he just gave it away with around 400,000 miles on it. When I was a kid, I thought he was poor, now at 40, I know he could have paid cash for 3 new trucks if he wanted to... but was wise enough not to.
My dad was concrete finisher his whole life. Came home dirty everyday from work. Today, he is a millionaire.
Dirty hands, clean money. Well done to your dad.
Love the concrete life. 28yrs in the biz
Ah, if only we could do what our parents did hey?
I admire that. Concrete is hard.
hell yeah, hard honest work pays off, but a little frugality and common sense take it even further. My gramps drove a UPS brown truck for decades and retired.He's also a millionaire now from his investment and retirement plans and literally cannot spend the money faster than its accumulating now. paid off house/land, paid off car, paid off tractor, everything! He finally replaced his WalMart special laptop he bought in like 2013 over the holidays.
I've had that same conversation with many people. It goes one ear and right out the other.
It's not worth your time. If they're already late 30s and still making juvenile decisions, then there's obviously no hope.
Presumably in a straight line
'Look how rich i am!'
'You borrowed gas money from me last week.'
I'd rather have a wealth of time than a wealth of things. Such an important lesson in this skit.
Having time to go home and cut the grass, sit on the couch, or doing whatever or even doing absolutely nothing
I learned I'm poor 🤣🤣
someone gets it.. time is the only currency that actually matters.
If we could buy time, every store would sell it
One of the things more people need to learn is that the real value of money is being able to choose to earn it have less of it, and not have that be a problem.
My Grand Dad use to say there is a difference between having money and spending money.
Wow who knew
If you have money and don’t spend it, The govt spends it for you. The trick is knowing how much to have.
Lol, what?@@antpoo
@@digitalpalmtreesthe money you have is constantly losing its value due to printing and government spending. Govt will also increase mortgage rates
@@digitalpalmtreesspend it, and some debt is ok if interest rates are low
I see the same thing with people working two jobs to pay for a Chipboard McMansion that won't outlast their mortgage. They make it home in time to sit in an over-equipped gourmet kitchen and eat take-out from a styrofoam box then stagger through a series of over-furnished, over-heated or over-cooled rooms to flop in a bed, get up and work again.
Nice writing
My uncle was a plumber in a rich area and he'd notice these people would only furnish one room the house was just for style
whats actually the biggest killer for debt is not big purchases, but a lot of smaller purchases that add up. its easy to see the cost of how buying a car or a jet ski will hurt you when you see one big price tag, but with some people, especially women shoppers, its often a bunch of smaller shopping sprees and eating out over a few years that add up over time that you don't think about. thats where the really sand trap is.
I'd rather have a $1000 truck & $80k in the bank than $80k in debt with $1000 in the bank.
Well if you have $80k in debt, you would have -$79k in the bank 😄
So true
I'd rather than $80K in the bank and an $80K vehicle.
what functional truck can you buy for 1000?
Neither one of those sounds good to me 😐
I'd rather be debt free. It's a lot less stressful.
I recall the first time I ever got myself into debt, it was because I lost my job at the same time as I got an ambulance bill and major car repairs. I use my credit card to float through the unemployment and float down payments to when I did have a job again. It took me half a month to pay off and that entire time there was always the lingering dread about what if something happened to me again then I wouldn’t be able to afford the debt or what if I lost my new job because then I wouldn’t be able to afford the debt. After that, as I was getting it all paid off, I took a serious look at my finances in my expenditures and cut out a ton of stuff that was really just waste of money so that way I can get myself solvent again, and ideally never need to take on any more debt. The thing that really cinched it was having to limp home with the gas light on after the card had only have the money I expected to purchase fuel with because earlier that day after I last checked it, it got dinged with the interest payment. I still think about that terrible rain storm day and hell just a little frivolity or interest more and I wouldn’t of been able to get home.
think 4th dimensionally. spend the money now that was in a few years you have want you want and THEN you can cut the overtime out
@@brandonkoeller7478I had a stroke reading that jumbled mess
@@brandonkoeller7478what the hell are you saying
@@brandonkoeller7478don’t do drugz kids
He's telling the truth about being a slave to a job. I'm a working man myself and I worked years of overtime to be totally debt free and work only part time currently. God bless hard working people 🍻
My monthly car payment is what I used to pay for an entire car when I was in my 20's. The "newness" wears off quick and then you just have a $2000 car payment every month.
To think there are people who complain about the economy but at the same time do shit like this
My god so many trades guys are hyper guilty of this shit. They complain about gas prices but drive a v8 140 miles a day. I worked with this kid who was getting money for the first time in his life. He had this jeep one of those like minivan ones, ran smooth 0 problems. 2 months into our busy season he financed a lifted truck that’s transmission broke down and cost him another 2k. Another guy told me straight face “I’m saving up to buy a house” then the next week bought a razer, another guy needed to go to college for a job he wanted went to some hack college that cost him 2k for his classes and WITHIN 30 MINUTES OF TELLING ME THAT showed me the ar, bag, and scope he was going to buy (like 3k total) genuinely dumbfounded.
The economy is ridiculous and people need to get better with their money
I see it all the time "blank political party- they are to blame" ohhh so not your expensive vehicle, with expensive insurance, with expensive maintenance that gets 14 mpg... That you only commute with ? Oh and you spend 400/month on guns..... Hahahhahaha
Well the economy is trash. that's not debatable.
The market and USD is trash though, people that are foolish with their money doesn’t change reality.
Financing stuff you can’t afford to impress people you don’t like-Dave Ramsey
That was definitely around before Ramsey
durden said it first
Actually from the movie Fight Club
@@KenKaniff-dw4jw Fightclub was a book first
George Carlin said it best, in my opinion.
I'm 45, about to be 46 in July. I was like the orange shirt in my 20s. I was single, no kids, and making damn good money working in a coal fired power plant. I had to have a full size truck, had a quad, a wardrobe that GQ magazine would have been impressed with, spent money like crazy. Sadly I got hooked on pain meds and eventually lost all of it. It sucked, but it was one hell of a valuable lesson. I've since gotten away from that rotten stuff and rebuilt, but boy am I frugal as hell now. All of my work shirts have holes in them. Haven't bought any new in 4 years. I wear the same pair of $35 Under Armour sneakers that I got on sale 5 years ago. I got 2 cars. 2008 Dodge Caliber that's my baby. Nobody looks at her, and I got a 2019 GMC Terrain grocery getter. These days material shiny things don't do much for me.
In your 20's, a lot of guys don't get it, their libido is screaming at them to impress these women and get it in. So they buy all that crap!
When you start to hit your 40's, your groin isn't talking to you as loudly anymore, so now your brain can get some wisdom through to you!
You could buy some new clothes bra
Sounds like you lost the stupidity along the journey and turned it into pure wisdom. Well done. I wish you the best .
Ive got 2 main rides: 2022 Honda Civic that will prolly last for numerous decades as long as I do basic maintenance, and an ebike that I use for small trips. I don't gotta impress people for shit, just myself when I see my bank acount
I love this. Quality of life over quantity of crap to impress people you don’t know.
My boss recently said overtime was available now. So work as much as you want. I responded I am. 40 hrs is good enough, and tume with my only kiddo is more valuable. I just recently read "the only one that will remember you did over time is your kids."
And nobody at the end of their life wishes they’d worked more overtime!
@@Sashazursadly I bet when my father is on his deathbed he’ll have wished he worked a little harder to go to just 1 more country. This year my parents have been out of country for all 4 kids’ birthdays’
@@bullgravy6906 Gosh. That's heartbreaking. I guess you can maybe find comfort in knowing you're far from being alone.
Depends. If you're working overtime to retire early it's not a bad gig. If you're working overtime because your broke if you don't that's fucked up.
The only one banking from overtime is the tax man
I had a coworker like this. Then his wife lost her job and he couldn’t work enough overtime to keep it all afloat. Guess who started selling his toys off to some other coworkers. It was sad to watch.
Not sad at all. Karma is a bitch. Don't be a dick.
Lol only poor people believe in karma
@@DropBox-jx6yrspeaking from personal experience?
@@r0llinguphill483 nah he's got lots of debt.
congratulations on the cheap jetski!
So so many people I know in the military like this.
I know a guy who recently upgraded to a $2M house with 5 acres in a private gated neighborhood. But his wife is having to spend 2.5 hrs each weekend on the riding mower because he’s working all the time. Sounds like a bad upgrade to me.
Just because “you can make it work” doesn’t mean you should
Soon he’ll have a landscaping bill too
I have this conversation at work at least once a week. A 17 y old paid off truck feels like you know something others have yet to grasp.
Same for a house.I bought a 100 year old fixer upper in an ok neighborhood for less than the cost of a new car in '07. Paid it off ten years ago.
The old stuff is often straight-up better.
🎯🎯🎯
Until you hit a off-set barrier at 35 mph and no longer have legs.New truck you would walk away.Something to ponder.
@@jl4091that's low IQ thinking, you are definitely one of the sheep.
I agree 100% you can have $2k in the bank driving a $80k truck and people going to think you're doing big things or you could have $80k in the bank driving a $2k paid off truck and people will think you're broke.
"People" might, but those with assets won't.
Ego goes 📈
Wallet goes 📉
I will never work more than 45 hours. I quit my last job because they mandated 12 hours days 4 days a week. Initially I told them you can let me keep my 4 10s or find a replacement. I kept my schedule. For 2 months. Then they said "you gotta switch to 12s". I said ok, walked in the next morning with my 2 weeks notice. Boss man said "let's talk" I said "we talked 2 months ago. Ain't nothing to talk about. I told you I wouldn't be here anymore if you made me go to 12s, now enjoy the consequences of your actions."
😢😢 how long was it before you came back. I heard the same thing from other people I work with in my company. Hopefully it worked out for you. God bless brother❤😊
Lol you really think they cared if you left? .. they 100% replaced you very fast.
Sounds like you screwed yourself. Out of a job, lost all your seniority, and now have to find a new job and start from the bottom haha.. real smart
To be fair, a "94 Toyota single cab with 300k miles blue books for $71,500
LMAO, U AINT WRONG
I know what I got, no lowball offers!
JT4RN
Tacomas aren’t the same. Nomi Dana sabotaged the frame. That’s why there aren’t any and the “buy back” they flopped EVERYTHING around the intake, starter, exhaust manifold everything. Can’t swap parts and the clamshell diffs totally different “made in merca” “truck” if you have a taco sorry for your loss it’s not a made in Japan truck.
@davesteier-xf5lh tacomas are excellent trucks lol, frame was an issue in the rust belt areas, but recall was easy. I undercoat mine with fluid film or similar and have no issues.
Best comment ever
Any time I see a 1 year old huge pickup truck with a for sale sign on it, all I see is “I’ve made a huge mistake. Please help”
That 4:15 long video was more valuable and provided more education than 12 years of school, and 4 years of student loan financed college.
My dad told me when i was 17, "folks who bring a lunch buy houses, folks who buy lunch rent houses" my 2012 fiesta carries me to work and back to my house daily, over 252k miles on it.. cheap car with a manual transmission, over 35mpg.. I spend money on my kids, not my wheels..
Groceries and lunch are not much different. If you’re eating bologna sandwiches everyday the medical bills and general health issues will cost a lot more.
To be fair it's just a favorite. Maybe he eats it at work for a morale boost. He could be cooking healthy at home.
@@brickstep8424 ? What do you eat for lunch on the factory floor? They only give you thirty minutes. Cold cut sandwiches are really one of the few foods that work. Hell the salad sits in the meat 😂
@@mommalion7028 I work in the trades so lunch is quite easy but when I worked a job like that I brought a lunch of greek salad, yogurt, protein shake, and a pbj or left overs from dinner.
@@brickstep8424I've seen what my co workers call food at lunch. A bologna sandwich would definitely be healthier for them.
The worst part is, if you look like you have money, it will only draw bad things and bad people into your life.
That's not true. How you behave attracts those people.
This is true
Yup. I'm glad Ive got friends who support me even though Im currently unemployed. Those are how you know you've found true friends youll hold onto for life.
Then you only worry about how people threaten your wealth
My truck is a '94 F-150 XLT. I am not replacing it until it's physically impossible to repair it.
I worked as a manager in an oil refinery. I was excited when I saw the new Bronco came out because I knew I wasn't going to have to worry about getting plant operators to work overtime over the holidays.
Don't mess up a good thing with these videos 😄.
1000% truth. I see it at my job. They talk trash to me because of my Subaru, but then ask me how I can afford to take the vacations we take through out the year. I also remind them I'll be able to retire in 4 months at the age of 55 and still not have to draw my SS until I'm 67.
Subies are legit. I love mine to bits. And if you take care of it well enough it'll be kicking well after all those fancy cars need replaced
Good for you man!
That is a great retirement plan.
Good for you! I used to think I would wait to draw my CPP but the more I think about it, the more it makes sense to draw it early. If you took your SS early and invested the money you would only need a moderate return to be making the same as year 67 SS draw, plus you would already have the money. You would have to be disciplined, but it sounds as though you are disciplined, otherwise you wouldn't be prepared to wait until 67.
Good for you…you get it! Most people don’t. I just retired at 59. I have a bunch of investments that keep going up ( real estate, rentals, stocks) I drive a 2016 Nissan pickup, wife drives a 2011 Toyota. It helps HUGELY to have a partner with the same mentality. Btw I’m a tradesman not white collar.
I work at a goldmine in Nevada and this is 80% of my co-workers. They rely on the bonus. If we don’t get a bonus they’re not making their bills.
That's bad.
An old man once told me to never make a living off of your overtime cuz it won’t always be there! Best advice I’ve ever gotten working for that company! He said a lot of guys work all this overtime and go out and buy themselves all these toys. Then once the O/T drys up they running around like chickens with their heads cut off 🤣
What do you expect from a fake job?
@@TheRealCatofWhat the hell are you talking about
I worked OT for about 11 years at a previous job. Anywhere from 4 to 12 hours a week. It wasn't bad. I used all the extra earnings to turn my 15 year mortgage into one just under 8 years. After that I left that job because I was debt free. It truly is a wonderful feeling. I now work a job that pays a lot more. I maybe do an extra 1.5 hours per week. Save your money folks. You never know when that rainy day, week, month or year may hit you.
German law: 48 hours/week is max, we’re not allowed to work more on average. 😄
Let’s break this down.
- In Germany, if you make €60,000, your income tax rate is 40%.
- Add an extra 6% on top for “Solidarity Tax”, an administrative fee.
- Are you a registered member of a church? Add 8% to that tax figure.
- Gonna go shopping? Pay an extra 19% on top of that bill.
- Selling personal possessions? Well, don’t forget the 25% capital gains tax.
- And, unless you want to freeze to death in the winter, remember to pay about 60% more than your neighboring countries for any given energy source.
But, hey, at least your ability to earn overtime is limited.
@@alexjohnson5677 your tax rates are wrong. It’s not 40% at 60k, also there is no Solidarity tax at 60k. Church is also 8% but from your income tax and not from the income itself. Also it’s not mandatory. 25% for „selling personal possessions“ is also wrong, there is no tax for selling privately used real estate for example and also tax free after 10 years. Energy cost is quite high but also not 60% more.
So.. quite poor break down. Also I don’t get why you even answer that to my comment. I don’t like taxes as well, the 48h work week rule is also stupid. But hey, that’s what it is.
I had an uncle in small town ohio who worked for the state as pretty much a handyman. Always had to have new trucks, RVs, 4 wheelers, trips to Nashville. He died recently and his kids found out he was over 100k in debt, there was nothing for them. Not even his house is worth anything because he financed against it and kept rolling those notes over.
Makes you wonder who's the smart one in this scenario
@@lstuart2704 I know it's not you, derp
This is so fucking accurate man. I'm a union pipefitter so i know EXACTLY what the guys i work with make (the same as me) and it's crazy to see how many guys are absolutely loaded because they're good with their money and how many guys are dirt broke because they spend it all on cigarettes, alcohol, and scratch offs. And Trucks.
Dude yes lol! I'm union as well. Dude was just talking about getting a Denali and I'm like...... with what money we make the same lol.
@@coreyburke3493 I got a coworker that just does voluntary repos every time he can't afford or doesnt want a car or truck anymore. And somehow still finds banks willing to finance a brand new car for him a week later. He is paying for like 3 cars he doesnt own anymore.
Wait until time to retire rolls around as well
Did you know they changed to old story about the cricket and the ant?
Used to be the cricket wasted it's time (and resources) all summer, while the ant worked hard and stored away food. When winter came around, the cricket starved to death while the ant was warm and full inside it's nest. Now the ant takes the cricket in and feeds it
World does not work like that
I bet they also trade in their vehicles every year or two. And get a little more upside down every time.
Retired from the fitters 7 years ago after 40 years. Living debt free. I hope you’re holding up and can make to retirement with your body in good shape.
All I've got to say is that the ability to walk from your job at any time, because you have the reserves / stability to do it is great to have.
Amen
The best part is when people at your job can't comprehend what you just did like "you can't just leave dude you have to make payments" yeah, I can make em for the next 8 months if I need to lol
Yup, that's one reason I keep a weekend job too. My friends always tell me to quit the extra job....it's a backup job and extra money.
Amen
i use an E bike myself and honestly it works great. its only like 10-15 minutes longer than it would have been with the car anyways because a good enough e bike can still go 25+ MPH. more if you pedal
REAL TALK!! Debit is a PRISON!!!
I feel this from a military background. So many people acted like they made so much but you can look up their yearly pay just based off their rank lol
Oh boy do I remember lower and higher ranks alike buying expensive cars, wearing posh clothes and going out all weekends when I was in Okinawa. What's worse is that local girls thought that GIs made lots of money and accordingly threw themselves at them 😂😂😂😂 if only they knew better.
This is exactly what comes to mind every time I hear about Hustle Culture. All that time spent "hustling" or "grinding" is such a waste if you can't even enjoy anything you earn.
Hustle-culture such a crock of shit. There are those who need more jobs because the wage system is broken, then there are those who think the "hustle" is setting them on a pedestal. I would rather keep my time then spend it like that, if my bills are all paid and my belly is full.
Hustle culture is typically different then this. They normally save their money for one of two reasons:
1)Super early retirement
Or
2) They take long periods of time off of work, sometimes months, sometimes a year sometimes more and do stuff they love then find another job.
I'm on that grind to get out of debt
@@KatieTheDev also that is another great reason to hustle
@@OgdenM exactly, I'm out of credit card debt, I have $900 on a 401k loan I will have paid off within about a month, and about $15.5k on a car loan I'll have paid off within 18 months, probably less. It feels freeing even being done with credit cards!
I worked with a guy who was so far in debt that we assumed he was going to lose his security clearance at some point. The alimony payments didn't help. Both of us were software engineers, so we probably made a similar amount. I kept my expenses low... sandwiches and driving an old vehicle is spot on. Meanwhile he's driving a new BMW every couple of years. At one point I was earning 3x my living expenses. I retired a few months before I turned 50 🙂. I live a modest life, but my time is _mine_ .
I think that is what a lot of people struggle with. Specially younger folks, they get their first bit of money and start buying things they don't need.Buddy of mine is very wealthy, easily makes over 200k a year just from rental properties and investments he and his folks have made over the years. Lives in a modest house, drives a 5 year old truck that is paid for and doesn't have useless expenses. Has nice things but doesn't waste money.
Try someone like me, toghtass living off grid who has 80% of their income disposable. So earning 5 FOLD their cost of living. I only work about 6 months of the year and am about to become an investor.
@@HedgeMaster26 everybody needs to pick and choose the toys they get unless they have stupid levels of money since every toy you add will cost you time. sure you can use some of your money to pay someone to maintain your toy but that will still mean picking leaving it or picking it up etc. and that still takes time. focus on 2-3 things you enjoy save the rest and live your best life with as little work as possible.
I hope you were investing and not just sitting on a stack of increasingly worthless USD. Im 33 and basically retired now, moving overseas in July and going to live a modest life running a hobby shop and investing my money income from it. 👍
@@QuattroSG Oh yes! I keep as little in cash as I need to.
"whatchyu got in your bank account and retirement bro?"... Shuts em up REAL quick lol
"lol i'm 21 and genZ, none of us have savings or retirement, what you talking about😭" would be my response
@@sovietunion7643you just need to “pull yourself up by your bootstraps” right? 😂
The whole "hands in the air making a random disconnected affirmative statements and then repeating them ad nauseum" thing is so accurate. Not just to money, but everyone trying to pretend to be something they ain't.
Real talk here. Wage slavery is no joke
The fuck does that statement even mean?
@@nathansanders4368 it means you have so much debt you're living paycheck to paycheck
@@nathansanders4368wage slavery is a modern term that is synonymous with “working hand to mouth”.
You will own nothing and be happy.....little did we realize that this was a threat.
It's crazy that some people don't get this statement.
The sad thing is most of these dude with big $70k trucks wont ever haul a single load. They just use it as a daily driver.
Same as any jdm or exotic euro car, people just like trucks
That's what I tend to see, in the construction business becomes more pronounced, lots of guys with their trophy trucks not putting them to work....I don't even like trucks am more of a van man myself....
Which is fine. Why would that be sad? Of someone likes a truck so they buy a truck.
@@RK-cj4octhey can't afford it
@@VideosVlogsThatsIt Plenty of people that drive a truck can afford it just fine. Why do you somehow think all truck drivers cannot afford their truck?
A short while before I retired (about 11 years ago at age 60), I asked my father why my coworkers mostly had nice new cars while I was driving a 20 y/o Oldsmobile (which was actually a good car), he said "It's because they have debt but you have wealth!" I didn't waste money trying to impress people with money; I preferred to save and invest it. However, I was able to enjoy it. When it was time to go on vacation, I drove to airport to catch a flight to the West Coast--so I could connect with my trans-Pacific flight, and when I traveled overseas, I rented a basic compact car, stayed in budget motels, and bought much of my food in grocery stores (things I do in the US, with the exception of driving my own car--a 2020 Hyundai Accent I bought new for $18K cash) if I can. If one lives below his/her means, and being thrifty, one can "have his cake and eat it, too" and life is good.
This speaks to me. I've even got the dented tacoma with over 300k miles. Good message!
I work for an oilfield company, and the work is cyclical. I’ve seen way too many young guys get a taste of that pipeliner money and immediately go into debt buying all the toys & fancy trucks. Then they either lose it all or have to try to sell it all when work slows down. It’s sad to see people equate having a lot of stuff with being wealthy. I’ve been trying to explain the whole having debt versus having money to people for 30 years, and they either just don’t get it or can’t get past wanting people to think they’re wealthy. My car is paid off and has been for five years. I’ll take care of it and drive it until it won’t go anymore. My home is paid off, and it is probably where I’ll live until I expire. When Covid hit and everyone’s finances went into the toilet, I was - and still am - grateful that I didn’t have the added stress of huge debt. The bottom line is live within your means. Who cares whether others think you’re wealthy or broke? Others aren’t the ones responsible for paying your bills.
I prefer looking like a poor loser to poser fools for many reasons.
@@auntbeatrice6911 Same here! I was a bank teller when I graduated from high school MANY years ago. I noticed quickly that the accounts with the biggest balances were held by people who looked like they had very little. Outward appearances can be quite deceiving. I would much rather live a modest lifestyle than constantly being stressed out about bills and people trying to use me because they think I have money. I don’t have a lot of material wealth, but my peace of mind is worth more to me than money.
Wyoming classifieds look like Deliverance Meets Lifestyles of The Rich & Famous
It's more like living below your means. Living within your means would mean you'd break even and end up with no extra money saved up.
23 year old H&P pitman rig worker. You’re absolutely right. I still drive my 2008 Pontiac G6 from highschool. Paid off and everything.
See it all of the time. $80k truck and living in an apartment building
Someone had an audi r8 in my last apartment. I'm sure it was used but priorities...
Come down south. I see $80K trucks in front of $10K single wide trailers all the time 😂
Or drive through a trailer park and look it all the brand new cars and trucks. Priorities.
To be fair, the housing market is scary right now. My house set me back like $250K, so no nice car for me for awhile: I'm driving a 2005 Prius that cost me $3000.
@@StandingStones409I don’t really see how majority of people are even going to be able to buy a house anymore. You just about have to either be very rich or inherited it.
Guy at work tried to flex his M4. Now he is mad his hours got cut and he can't afford to eat. The car is nice though lol.
My sister and brother in law bought a boat and told them "hell I got a trash can you could have just thrown the money in, and you dont have to winterize the trash can."
Meanwhile every single check dissappears into the abyss of that debt.
We got a $2000 bonus once and my coworker asked me, "what are you gonna buy with it?"
That's just the way most people think. They get money. They spend money. And I'm going to be sitting at home retired early while they work until they're 70
VTSAX, you?
….blank stare.
I get a bonus or a tax refund, it's either going to settle a bill, if I have one, or going into savings.
If I get an unexpected bonus then I'll likely spend it on something I've put off buying, or something for me. My budgets are set and I live within my means, so if it's extra money it's going to be used to enjoy.
I used my last 2k bonus to buy castings to build another model steam engine, and I wouldn't have bought them using my monthly income. It's a bonus, not money to mither over
while i get your point... you must be a big buzzkill with your friends if your first reaction is to scold them for not putting that much of a bonus into a 401k or something when they ask you that innocently. seriously, chill out man. sometimes people want to buy something for themselves thats actually, ya know, fun!!! can you believe that! people want to have FUN sometimes instead of putting ever spare dollar in the bank! /s
@sovietunion7643 I never said I scolded him. I just told him I would invest it. You think I berated him for not doing what I do? Jeez
Just spoke the truth . My wealth is my health , and i am very thankful !
This should be shown in school. Very informative.
I was talking with a coworker about the importance of having an emergency fund. He considers his credit card as an emergency fund.
When I tried to explain the difference between assets and debts, he short circuited
How the fuck is a credit card an emergency fund, do you know how much interest you pay on a credit card? Loansharks.
Once you have enough assets: lines of credit _are_ the best emergency fund. Basically keep all your money invested... don't have a stack of idle cash... and only use a line-of-credit/heloc/margin/cc etc to cover 1-2 weeks of an emergency (because liquid investments could still take a few days to sell back into cash and transfer accounts). But most people don't build that pile of investments first, so they have nothing they could sell after the emergency to replay a loan. Emergencies are rare enough it's no big deal to pay interest for a week or so to cover them... if it means your money remains invested 24x7 and making you a return all the rest of the time.
A lot of people see credit as that. It's common unortunately.
@@MikeKirkReloaded
Right, this works after you've already saved the liquid cash first, as you said
But rich people are the problem 😂
Essentially the tale of every social media "personality" with a leveraged up Lamborghini and a rented mansion
Tai Lopez’s Lamborghini was shown to be a rental
ב''ה, wait until Gates starts YouTubing again
I worked with people like that, I'm retired, they're still working.
Exactly, I drive a 20 year old car and have no debt at all and yet people in their flashy cars swan around as though they are better than everybody else, last laugh is on them.
There is much truth in this video.
I did 20 years in the Air Force. Eventually I figured out his wisdom and got completely out of debt. Worked 4 years after that, then retired at 45. Now I work when I want and for who I want.
Being wealthy is not having stuff. Being wealthy is having freedom.
My wife and I have been debt free for over 7yrs. she is in her 40s Im in my 50s.
Its the best feeling in the world.
The only debt I have is my mortgage, which I'm paying off at an accelerated rate. I drive a 99 Pontiac Sunfire to work.
It costs me nothing but the fuel.
I work with some people who drive into work in big trucks, paying $1000 a month for the privilege before paying for insurance or putting any fuel into it.
And these people are not rich and have never gone on holiday in years. Husband's who work non stop to pay for it. Even had one tell me he doesn't think he will ever retire. He was only 40. No pension, no savings and no investments.
It's really really sad knowing that these people will die in their boots due to their terrible financial decisions.
I tried to explain this to a co worker 15 or 20 years ago. He was in the lunchroom bleating that the eeeeevil company didn't pay him enough. He made $30 an hour and all the overtime he wanted to pick up.
So I pointed out his new truck, named off his boat, ATVs, snowmobile, cabin up north, $500,000 house, all the things that I'd heard him brag about.
"I deserve that stuff!" He snapped. "That's your problem, " I said.
One of my dad’s friends growing up worked a desk insurance job. He bought a huge pickup truck and he wasn’t more than 5’7. He didn’t have a job that required him to haul anything so it was just hilarious
In every UAW manufacturing plant, about a month after they cut overtime you see all the ads go up on the bulletin boards for all the motorcycles, boats, snowmobiles, jet skis, etc owned by the poor planners. Probably the same in the oilfields.
That's wild lol. I like that it's so easy to predict.
Not necessarily with union jobs, either. Human nature.
Oilfield here. 100% correct. When oil prices are down that’s when you buy a Ford raptor.
ב''ה, isn't this intentional
lol my dad worked at Chrysler for 30 years and told me stories like that.
This was me in my 20's (saving). All my friends were driving new vehicles, getting their own place, going out every night to the bars, out to eat, etc. I drove crappy old cars, lived with parents, etc. Im retired now, and all my friends are still working, breaking their backs in their 50's.
Smart.
This why I don’t believe in moving out so fast.
Stay with your parents until you have enough to put a nice chunk on a house and have it paid off in 10 years or less
@@demarcus4664I don’t think people should be mooching off their parents throughout their 20s
@@user-wv1sg4gz4h Its not mooching if they're contributing to household expenses as well
living with parents is a great deal if you're compatible. Many multi generational households are just endless fighting from people trapped with people they don't like due to poverty.
@@user-wv1sg4gz4h It’s not mooching if you’re contributing to the expenses.
My mom and I alive together only because we, including my brother, are co-owners of the house so I’m just stacking my bread
Worked Lowes Hardware, $10/hr, like $1200/month takehome. Coworker got a brand new F-150, talking about his $500/month payment. Kicker is he lived 45 miles away and this was during the 2008-2010 mess when gas was killer.
Dude would drive his mom's beater Honda half the time cause he was spending everything on that truck, insurance, and gas.
But he had it!
This is pure GOLD. Should be required watching by every high school senior.
12 hour shifts all week lawd hammercy
😂😂
I used to do 83-84 hours a week. After 12 weeks I bought another car. Then was sacked 2 weeks later because the backlog was finally caught up on. Strange being unemployed with a car with leather seats and 53 buttons and 13 interior lights in the cab. Back in 2008. All paid upfront
@@OffGridInvestorI should’ve been working the oil fields during the great financial crash of 08 instead of learning cursive and times tables in 3rd grade.
I had a guy at an old job make fun of my 26k Honda and he told me he thought a big guy should drive something bigger. I told him that my entire car plus the interest on the note was less than the depreciation on his $90,000 truck the day he drove it off the lot.
You drive a new truck off the lot, then park a used one in your driveway.
The idea that real men drive full size 4x4 pickups has probably bankrupted so many people. Sorry false pride and ego isnt something Im going to go bust over
I had someone make fun of me for my beater car once so I told them, "I paid 1500 dollars cash for this car in 2010 and haven't had a car payment in a decade, it's one of the best financial decisions I've ever made." Rip 2000 Toyota Camry.
@@capresenooj4359right! Real men take care of their families and don’t care about what they look like/drive.
Gawd DAMN 😅
In my occupation I’ve seen the guy with the yellow hat, the guy with the carbon fiber hat, and I’ve seen the wildcard…the guy that has a stash of money from cashing out on an investment/inheritance and doesn’t tell anyone about it, but has nice toys that are slightly out of our(salary’s range). Learned a few years back to refrain from pocket watching.
Unfortunately this is my dad. We work in the same profession but he always bought toys that he couldn’t afford just to have the appearance to our coworkers that he “got it like that”. I recently realized the reason he almost died from drinking twice in the past 3 years is because he is in so much debt that he knows he won’t be able to afford his lifestyle and will have to sell the things that he led everyone to believe that he could afford. The drinking helped him “escape” the very childish financial decisions that he has made over the past 5 years. He gets out of rehab this week. I think now he realizes how bad he messed up because our job had to get involved and they said he either gets help or loses his job. He has burnt our relationship because of his drinking and lying, but for his sake I hope I see a change when he gets out!
Used to work in Corrections. At the time, Corrections Officers in my state were working 7 days in a row, then getting 2 days off, followed by another 7-2, another 7-2, and then a 7-4. Rinse and repeat.
Within those 7 day stretches I think I usually worked around 82-96 hours due to the amount of mandated overtime.
Even with the ungodly, unhealthy amount of overtime, there were dudes who were signing up for it anyway. I knew a guy who was working six 16-hour shifts in a row within every stretch because he wanted to pad out his pension.
COs would be spending their money and boats, trucks, hunting gear, etc. But they'd eventually be trying to sell them to our colleagues because they didn't have the time to use them or they'd be in some awful financial situation where they were still hurting for money despite how many hours they worked.
Money is never worth it if you're miserable and depressed. Money is useless if you're dead; you can't take it with you.
OMG man I know EXACTLY what you mean!!! I also worked in corrections for a while, and the OT was insane!!! Lucky for us tho our schedule was 5 on 2 off per week. Unless you had a bunch of seniority, your weekends were something like Monday & Tuesday or Wednesday & and Thursday, but definitely NOT Saturday & Sunday. The older guys were so incredibly lazy and would go crying to the union if God forbid they had to help cover some shifts to help keep mandatory OT down. The money was absolutely NOT!!! worth the trouble it caused with my family from never being around.
Toby Keith died with $400M
When I worked in mortgage we’d see pipeline security guys making like $150/hr working essentially 24/7 for months on end, then apply for a mortgage and have $8 in savings. Never once did any have money left over
I used to work 6-2 and I got tired of the mandatory ot. I still drove the same vehicle I had when I started. Had money but no time and felt like shit.
That's when they flip and get into the prison drug traffiking momey
Mama always said rich people ain’t rich, they just got bigger bills. The truth.
Rich people live in debt because they have no income they aren’t taxed they borrow money. The author of rich dad poor dad is a billionaire in debt. Thats what he does.
@@NinjaZXRR Kiyosaki talks about good debt and bad debt. Bad debt pulls out of your pocket each month. Good debt puts something in.
You can go into debt for 1 billion, but if that debt earns you enough for the monthly payment AND an extra $500, you've got good debt.
but if they pay those bigger people on time then...they're rich
I was a massive fool.
I spent 12 years in China earning enough to buy me a house back home in the UK.
Instead of doing that,blew almost all of it on stuff.
I'm now 39 and back home with parents (albeit temporarily,) with shit I don't use
Thankfully, I'm off to Málaga Spain next month. No job, just find bar, hotel or restaurant work, find a room and restart my life.
Been reading stuff like 'Rich Dad poor dad, One up on Wall Street, Unshakeable and The simple path to wealth and I'm just going to live simply, invest, work on myself and my health and appreciate experiences and working on a skill.
Been studying Spanish since Jan 2022 and also play guitar and write stories.
Man, I'm done with consumerism. Now, I want to serve others, learn and grow constantly and just enjoy the present.
THANK YOU FOR SUCH A SIMPLE BUT BEAUTIFUL LESSON.❤
Subscribed and liked.❤
Ouch man it hurt to read that!! 😢
At least you learned the lesson and made it out alive, many people don't. Best wishes
@@BassForever44Thank you for your kindness. ❤ Wishing you all the best in life! 🙏✌
One of the young guys at work couldn't understand why I would want to keep a vehicle after paying it off. 🤣
I got this same dynamic with the guy I work next to at work. He's got a $40k Jeep, tattoos, guns, many thousands of $$$ in Snap-On tools, and he owes money on nearly all of it, plus thousands in regular credit card debt. I've got a $15k Ford and a $3k project car, reasonably priced tools, and zero debt. Both of us live with our parents still. He's always stressing about how he's not making enough hours (we're flat rate mechanics), meanwhile I could make 15 hours a week and still come out ahead, yet usually make about 10 hours a week more than he does in the same amount of working time. And instead of bettering himself, paying down his debts, and making himself more money, he instead just keeps talking about how he wants a big diesel truck, more tats, and a new gun.
honestly i don't see whats wrong with this inherently. some people just prefer physical things to money in the bank. maybe he like big trucks and gun more than having that money. sure its not necessarily as stable as your way but if he is self aware that he is making a choice for his life and is okay with it, i don't see how its wrong
Sound like me. I've been a diesel mechanic for 15 years, have a snap on box I bought used for 2800 and a harbor freight cart filled with a mix of harbor freight as of lately and Cornwell as of early. I drive a 2002 civic that just rolled 300,000 miles and bring lunch every day. The rest of the guys are in debt to their eyes. Im not interested in that.
@@sovietunion7643 I agree. It's not wrong to have "things." As long as those things are not putting you into a dire financial situation where your payments for them exceeds your income, and you aren't becoming so connected to your stuff that you have trouble letting them go.
OP says the guy lives with his parents so he probably doesn't have many other responsibilities besides paying for his stuff. If he had a family and a mortgage and bills, collecting things as he does might be a problem.
It’s wrong because he’s driven by materialism. He’ll keep buying the new thing, and more of it, but he’ll never be quite satiated by it. There’ll never be an enough for that sort of person. His choice how he wants to live, but living solely on your instincts and desires won’t get you far.
He also probably has to finance his gas if he doesn’t get enough overtime that month
and complains about the price of gas. when he gets his credit card bill with gas and 18% mark up.
🤣🤣🤣🤣💀💀
He's also been taught that if they'd just build that Keystone Pipeline, gas will be cheap as water then he'll be sitting pretty.
@@kc4cvh It would definitely reduce the cost a lot
@@redtra236 Yes, if you consider a penny per gallon to be "a lot". The price of oil is set by the world market and that pipeline will increase the supply on the market by a small fraction of one percent. The Houthi rebels' missile attack on a tanker last Saturday will have a far greater effect and should serve to remind you that oil makes you dependent and vulnerable.
“Not me bro, not me. I don’t give a crap!” Hahaha this is so me 😂😂 Ain’t gunna be me either! I agree! 😂😂🤗🤗
Bruh I’m cracking df up 😂😂😂💀💀💀, this man made my day, blasting the truth at the same time
Speak the truth that we all need to hear. That illusion of money becomes a real prison. Sad man, sad.
I had a guy like this at work who leased a Lexus and would brag about it to all of us, most of us were on the exact same pay as him. We looked up the cost of of his lease and he was paying 60% of his monthly wage just to lease this car. 🤷♂️
😮
A Lexus is just a fancy Toyota. (I work at Toyota) Nothing crazy. But good for him. It’s a semi luxury car for people who can’t afford/want a real luxury car without paying a lot
The fuck you're talking about? Have you checked a Mercedes or BMW?@@RayWall
A Lexus is nothing more than a Toyota with leather seats and pretension to luxury status....
Its for people who think they have money and want everyone else to believe the delusion along with them.
This is the conversation I imagine every time I drive through the worst part of town and see the streets lined with multiple brand new $60k+ cars and trucks.
Having grown up in a very nice part of town and having lived in the ghetto in my 20's, I found it incredible how many nice cars I saw in the hood compared to where I grew up. Sure there were BMW's and Mercedes Benz's on the block, but not as many as I saw in the hood.
You guys nailed it! I live in a part of London where there's a ton of refugees or 1st generation immigrants, in a building that used to be social housing, old, and quite frankly beat up and ugly, but the streets are lined with BMWs and Benzes 🤷.
Went apartment hunting just 2km away from here to a much nicer area, cleaner, and so on, and the car brands over there seemed more sensible.
I'm happy I'll get out of this neighbourhood soon 😊
Reminds me of a coworker who made way less than me who bought a brand-new F-150 with all the bells and whistles also bought a big house with a pool. Much nicer than mine. We live in Florida had a Hurricane coming. Boss lets us off early to secure our homes and get supplies. In the Hone Depot check-out line his eyes got real big when he saw the bill. He then pays with a Credit Card. When i checked out I used cash. I had money and he had debt.