What School Didn’t Teach You about Money: Escaping The Rat Race
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- Опубліковано 17 жов 2024
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FINANCIAL DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
What’s the biggest money you learned not from school?
Finding pdf's of the course books and printing them to sale 35$ a book that would normally be hundreds 🤫ohh not from school?? I'm still waiting 😅
Compound interest !
Taking personal responsibility for your life instead of being spoon fed.
How to use credit
How to create wealth
How to start a business
Minimalism.
Prime example, I had no jeans and I wanted 4 pairs because I enjoy wearing them. I went into the mall and the cheapest I could find was $55 per pair (total $220 for 4 pairs), I went to St Vincent de Paul and paid $36 for 4 pairs that were in good condition and fit me perfectly, plus they had been broken in already so I got to skip that horrible stiff new jeans faze 😊
I like to be frugal on the things that don’t add value to my life (most consumer spending) and to use my money towards what gives me joy (travel, hosting friends for dinner, good food I prepare at home, gardening) 😊
Keep it up man! Remember finding you at around 10k subscribers. Quality just gets better and better!!!
I love the rat race. My doctor says I need cardio for my hypertension lol
Thank you Gabe I'm 62 this year on disability. I just move from a apartment I stay ten years .still working on paying off my credit card it is a challenge too .learning about money and paying off bill special when you on disability ever month I been watching you along time on you tube. Wellyou have a less years.Ilearn alot from. You.Thank 🧒 Ruby Ann Hall
...but if EVERYONE left their day job, how would the economy function? If you create a business, is it possible to infinitely scale it without expecting others to work for you? Our economy depends on consumerism. So what happens if people stopped buying stuff? Is it just that a certain group of people should improve while others stay in the rut to drive the economy? How do we reduce wealth inequality?
"Everybody" will not leave their day jobs!
In my opinion, you're really close to going viral for some random video and it'll send you. Keep up the good work.
Gabe, nice to meet you. You are very interesting, pleasant to listen to and great video editing.
I have a 19 year old that I am trying to teach about money. Id love to see you do a video geared toward pre adults so they start off in the right direction instead of having to backtrack in their 30’s.
Teach or learn?
Get into the trades (union apprenticeship), start saving for retirement, buy an income property as soon as possible, then buy another income property, save more for retirement, then buy another income property, hope for the best. God bless! Have a great day!
@@dmb1995ta he just got into the carpenters union so that will a good start.
Yes and those in our mid 20s scared of everything happening right now as I work hard and have been active in my savings since Pre Pandemic. Bonds etc I had since child and growing here in UK have been useless. Just glad my accounts are 6% now as digital savers and ISAs as not like I'll be using the money for a house anytime 😅
Honestly.... if they live at home. KICK THEM OUT! I left home the day I turned 18 and learned everything the hard way.
Im now 24, married, financially comfortable and have baby #2 on the way.
All my peers are still living in mommy and daddies basement because they never got that real life experience where there is no "safety net"
Also then I started reading books about money. A long time ago I read Your Money or Your Life. It had a big impact on me. Also The Millionaire Next Door.
I am trying to work on myself and not having a 9-5 job. I started a UA-cam channel that I enjoy making content from. I make cents from it, but hopefully, it grows over time and makes that my main job in life.
Most US high schools and introductory math courses in college do teach compound interest. By the way, high schools and colleges are beginning to offer personal finance courses. In fact, several states now require high schools to teach personal finance.
1:25 Hard to get any work done when your computer isn't plugged.
I love stock footage.
Nice evening clip of Berlin at the beginning.
Gabe is so humble explaining his wealth of knowledge! And for that we are all grateful! Thank you! Have a great day! God bless!
I always wonder why people have to work 8 hours a day + the time travelling to and from and preparing for work...just to make a meager salary. There are ways to make that money without having to dedicate half your life to it. Thanks for the tips, Gabe.
Being self employed may be rewarding at times but its more difficult and more time consuming than working as an employee. Also at times you will make below minimum wage or actually lose money...
“don’t trade your time for money” is the most generic trash advice ever. it’s why there’s so many youtubers and influencers who’s lives are going nowhere. For the few that make it it’s great but the vast majority of people who take that advice fail because to become an entrepreneur u still have to trade a significant amount of time but there’s no guarantee you’ll get any money in return
There's nothing worse than the word 'deserve' in adverts. "Get the house/car/holiday you deserve."
I'm trying to use things until they break more recently. But then you end up with another question. How broken does something have to be before you replace it? I've got an ancient microwave that is usually fine, but every now and again, you'll put something on for 2 minutes only to find that all it's done is spin it around for 2 minutes and it's as cold as it was when you put it in.
It’s definitely time to get a new microwave 😂
@@beebsblue😊
Who needs a microwave? I don't and never will. 😊
Again stop suggesting people subscribe to “help you out.” That’s beggar mentality and tends to devalue your work. People subscribe because of getting value, not out of charity.
You never know. Sometimes, people watch content and derive value from it, but they simply forget to subscribe. I know, because it’s something that happens to me occasionally. There's nothing wrong with politely asking. After all, closed mouths don’t get fed. Those who may have forgotten to subscribe could actually benefit more in the long run because the videos will be recommended to them more frequently. If the content doesn't provide enough value, they have the option to unsubscribe. Therefore, I don't see any problem with making a request like this.
I think it’s more relatable - doesn’t bother me at all nor do I feel that it devalues anything.
🤣🤣 you overthink stuff.
I think he’s just being honest.
Money can make life a bit easier but it's never the answer to happiness. I mean, family and/or true friends and health are a greater good than money.
Philosophize
Funny moment at 01:25 - a woman having an iMac on her desk without a power cord.
thank you for your work and adding value into my life
Thanks so much for watching !
Hi gabe, greetings from Colombia, when do you think is the best time to quite your 9 to 5 job?
162 $/month here. Cheers from the middle of Ukraine. Thanks for the video.
Hi! Great video! BTW: The link for the shirt company isn't working.
I am curious: why does the video show the Berlin skyline when talking about Americans living from paycheck to paycheck?
Great video ❤
What I have also learned in schools is that to achieve it needs be hard and unpleasant.
I think if you can endure hard and unpleasant, you just increase the odds that you will achieve before you quit. It's not a bad lesson.
STEM degrees are worth it
For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up. I came across every UA-cam channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
How possible please??
@@NoraWilliams-sr8iv
@@shirleymccollough4021 Thanks Shirley. Please how can I communicate with her?
You are right, I am one of many who has benefited from investing with Alexandra Diana Jose. 2020 is an unforgettable year in my life, back then I lost my job due to covid and had no reason to live. Diana made a good life possible for me through passive income and I owe her my life. To be honest, I feel like she is an angel of who was sent to help those who are suffering financially.
i was looking for the answer but instead welcomed by bots lmfao
Great video. I live in the Netherlands so some things are different but I used to be one of these people that lived paycheck to paycheck. Nowadays I live of social security disability money but adjusted my consumerism and have a good life with even savings on the bank.
One of the most important things younger people in the USA don't always grok is the importance of good health insurance, which in the USA is *heavily* tied to employment. When you're self-employed in the USA, you are entirely on the hook for your own health insurance, and that can be a substantial cost which many skimp on because young people usually feel invincible. Medical expenses directly cause 66.5% of bankruptcies in the United States.
This video is by far the best video especially at this time in 2023 Thanks Gabe, keep up the hard work. Subscribe people!
Thank you Gabe! Always great videos!
$240 a day sounds awesome! I wish I made that
Oh my god. Tesla is around the corner. Has the car type ever changed? My car goal changes all the time.
Tesla's batteries can explode!super dangerous and what about the child labor used for mining(for the battery)?!sorry to burst your bubble but electric batteries are dirty and possible dangerous.scam.hybrid owner(bought before I knew)
broken link for your brother's shirt company, Gabe
I don't know why but this video made me feel a lot of things that I think are pretty important but not from the main topic. I think the idea of always improving and learning new skills is more or less the most important thing there is in non-family life.
After receiving a written warning at work last week for dubious reasons (they said a lot of words, I think most of them are incorrect and can in quite a few cases objectively disprove them) and losing any semblance of job security and thus my dream of buying a house for the foreseeable future (we had actually made it, we had enough for a 20% down on a very nice house saved, it's actually heartbreaking) I am back at the looking for a new job state. I had been comfortably at that company for many years and there are many new things to learn to be marketable compared to my peers now that I should have been keeping up with while having a cushy job.
You can never get wasted time back, it's tragic but true.
Will you be able to create more videos on different types of investment?
@8:55
What y’all needed to hear
Edward sounds interesting. I would like a video on Edward Bernays.
And when I clicked on your brother's link to his shirt company, it's not working.
www.nhshirtco.com/
What do you do for health insurance though?
Thank you for this Brilliant as always 💚🤟
Can you do this while making $14/hr?
When do you start spending given death duties? its something some need to consider and sometimes to go have a saving to spending mentality isnt easy. Any tips?
Such a generic video.. nothing new here, just a bunch of self marketing
Basically his entire channel is that. Generic advice and flaunting his success. Seems to be a quite popular kind of content here.
Hey Gabe, it's funny you mention real-estate, cause first of all YES, definitely the BEST passive income (agreed!), secondly cause I had no idea that was your main(or first) source of income.
Related to UA-cam, you say you spent countless hours to improve your video skills (and everything related), and I totally get that and am doing that too, but WHEN did you know you would actually make money from it?
I LOVE spending countless hours on improving and studying.....but....when will I breakthrough?
Hello from England. Your videos have been imperative in my personal development over the last year. Despite you doing this for a vast audience, I want to say thank you and I appreciate the content.
I went from taking years toying with the idea of a business to really focussing on it thanks to your content. I have saved money for the first time since leaving school thanks to your minimalist mindset and have begun my journey of getting finances in order.
Hi Gabe! Thank you for your wisdom and motivation!! Love it!
If you can, get a job that you genuinely enjoy and open up multiple streams of income.
So where is the actual advice on how to exit the damn thing?
What glasses are those at 3:24
What's up?
Excessive frugal living and side hustles helped you leave your M-F 9-5 job, correct? That's a LOT of work for someone to start doing to leave their time-for-labor job. We certainly are taught in school that education is key to monetary success and this thinking gets reinforced by parents and teachers. So, small wonder we're not a bunch of entrepreneurs. Good points to put into practice!
So weird that you brought up Freud’s nephew in this video as I’m just coming to the end of watching ‘The Century of the Self’! So interesting and really makes you think twice when you’re desperate to purchase something. I always ask myself why so I want it so badly and the answer always boils down to the fact that I’ve been mentally trained to think I need it. Also, did you know that on average we are exposed to between 5,000 and 50,000 adverts a day? This stat blew my mind.
Loved the video 👍🏻
What’s up
In my younger days a I was rent a boy made great money back in the late 70's to early 80's. Now i see guy they will sleep with another male for a pack of cigarettes> Glad i saved my money.
Loved the content! Title doesn’t seem to match up though.
I’d love to see a video on how you tackle paper. I have coupons, kid art, kid tests w good scores, my own notes, etc and not a good system..
Thank you for always putting out such great content. We have definitely cut as much cost as we can from our monthly expenses but living in a suburb of a large city means high rents and with the housing market the way it's been we are afraid to buy a house right now. Any hacks on finding lower cost rentals without having to compromise safety or having to drive an hour to the nearest market? Side note, I can't wait to check out those tees your family is making.
The words on the video are distracting and overdone. Your message is not as powerful with the words popping on the screen (and it's a GREAT message).
Neftigent
This is why I teach my 9 year old about stocks and shares instead of things that will be completely irrelevant in her adult life. Schools are useless xxx
900/day, lol
I personally wish school would go over the psycology of money, I unfortunately started out after school trying to impress my friends with how much money i made and dressed well like my peers. This was a huge mistake and I could be years ahead of where I am now if I had learned more at a younger age.
I could watch a whole video on Edward Bernays if you made one.
404 on the t-shirt site
www.nhshirtco.com/
Hey man, your videos can be actually helpful if you limited talking about you/how to increase your subscriber base and actually create content to help your viewers. Often times you talk about yourself rather than your viewers.
You just chew the same old stuff every youtuber will after a certain amount of followers.
Really couldnt get anything New out of this Video. Im happy for the guys who do, but its the same old Story
Some goals are within your power. For example, make two high quality videos per week.
Others are not up to you, like, get to 1M subscribers by the end of the year. It is best to make goals that you have direct control of.theoutcome