Buying Our Baby A Tesla | Reacting To Bad TikTok Financial Advice
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- Опубліковано 7 чер 2024
- 00:00 Intro
00:18 Tesla For 4 Year Old
05:37 Cash Hack
06:14 Don't Invest
07:52 Housing
09:46 Saving v Spending
12:37 Advice
13:41 Infinite Banking
15:58 Top Rules
Some of my favorite books: amzn.to/3KF3tlr
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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
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#tiktok #reactionvideo
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TikTok is where sanity goes to die.
You have to remember that we're looking at deliberately chosen terrible clips. You could cherry-pick videos to make UA-cam look even worse lol
This is just rage-bate bro. They come up with scripts like this to get everyone riled up.
What is Tik Tok?
Cars do not like sitting. In 12 years, it’s still going to be an old car, it probably won’t even work lol
I bought an iPhone for my 1 month old. Since phones are getting more expensive. By the time I let him have it at 12 I’ll be so glad I got it now.
@@SpicyKimchi- Yes will need new batteries by then
Years ago, I had a friend who said that he had bought his 4 year old son a new truck. He said that he was going to drive it until his son got his license. My then the truck would be 12 years old and perfect for a new, teenage driver.
I mean, that's not unreasonable logic. But he didn't buy his 4 year old a truck, he bought himself a truck. This video is just rage-bate. It's not real. Just FYI.
Even the people at Tesla agree. OH yeah! I bet they do.
Best part of the video was watching your face in disbelief as she’s speaking. 😂😂😂😂
Tesla is part of the S&P 500, which I invest in. So in my opinion, everyone should buy their toddler two Teslas. In fact, go ahead and buy them every Invidia graphics card till adulthood as well. 😂
My three favorite channels: Erin Talks Money, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
As an investor who has stock in American companies that are not allowed to operate in China, I hope the TikTok ban goes through.
We are all now dumber for having seen those Tik Tok videos 😂
bad tiktok financial advice is good financially for the tiktoker because so many people are helping her monetize. Business Insider did a report on the Fritzes titled, "This husband and wife are the biggest trolls on TikTok--and it pays." They explain their tiktoks are satire on the influencer culture. Chrsiti considers it comedy. Satire, comedy, tomato, tomahhto. Her husband Seth is quoted as saying no matter how ridiculous the videos got, people still believed it and got mad. They've done other videos about buying their 4yo and 1yo iphones and saving them until they turned 16, just like the Tesla.
The videos are ridiculously outlandish, which is crazy. But here’s the thing, there has to be at least some level of truth to some of these. Because when I watched a handful of the videos, their young four-year-old is actually wearing a Louis Vuitton. So I mean while they may joke about the iPhone, or the Tesla, the fact of the matter is, they have some of these products that they joke about. Namely, Louis Vuitton, and other designer items like sunglasses, and jackets, etc.
@@ErinTalksMoney yes, but you aren't seeing or being presented any background information. You can't take everything on YT and tiktok at face value. 😂 In other YT videos there aren't any LV bags in Noelle's closet, and from my eye the two I could see, the felicie pochette and speedy bandouiliere, are both fake. Now things like her daughter's Arhaus Mariah bed may retail for $5k, but they are on sale for $2k or at Arhaus outlet for cheaper. Arhaus is great stuff, so buying quality there. We also don't know anything about their family backgrounds. They aren't idiots, I mean they've setup a for-profit domestic LLC (The Fritz Fam LLC), so if they are buying products and using for their tiktok business, those are business expenses. Other things they never actually show purchasing documents for things like the $1500 coffee mug or the Tesla cyber truck or even the tesla for noelle. If you look at their YT channel, I would contend they are actually living a middle class lifestyle. Seth didn't hire a bunch of people to landscape the backyard, he did it. We also don't know what they are doing on the savings side of things in reality.
It's gotta be a joke. There is no way a 4 year old is asking for a Tesla.
The 4 year old could be asking for it. The joke is the "mom" actually talking about doing it.
@@soapa4279 the joke is people believing that it's real.
@@hanwagu9967 The joke is underestimating the stupidity of people on TikTok, and their "financial" advice.
Tik tok would be the last freaking place I will ask for advice of any kind🤬🤬🤬.
Engagement comment for Erin. Keep up the great work!
Actully in east Germany you had to order a cer for your child when they were born. 17 years in advance so they could get one.
At least what you would get would be a modern very safe and environmentally good Trabant, or something
Insurance exists. Even if garaged.
Christi Fritz is a genius... she's making bank on creating outrageous videos. Clickbait expert. How sad that we've devolved so far... and getting worse.
i would contend the reaction and views are a function of the viewers, not the content creators. So, she's not devolving, viewers are.
What if an EMP goes off and all electronics get fried and in 10 years we're all riding horses. I guess the Tesla will be good to sleep in...🤠 Thanks! I don't have the TikToks.
Two years ago we bought our 6 year old a 2021 Ford Bronco. Difference is mommy and daddy will continue to drive it for the next 8 years.
😂 true. We bought a new car when my oldest was 9. She wondered if she would be able to drive our new car when she turned 16.
I said, “No, I wouldn’t risk a new car with a new driver, but you can drive our old car then.”
She said, “But we don’t have an old car anymore!“
I replied, “We will then!“
So mommy and daddy are using their 6 year old as an excuse to buy a truck….
Love the reaction platform. Keep it up!
Be ready to buy a replacement battery...$15000...
I want to see when the kid gets the car at 16 and finds out the car doesn't work and if Tesla is not around cannot get the car repaired.
Just another reason I don't do Tiktok. Great video. Your reactions were priceless.
I know my first thought, whenever I purchase a car is "There, now I don't care if they go out of business"! Yes Erin, that is sarcasm too!
And that right there is the BEST argument for why social media sucks. The validation we place on someone cause they get "likes" or have a huge following.
I think this is a GREAT addition to your current content. FTR.
I love this content
OMG where did this type of logical thinking come from!!! WOW
What happens when tesla(like apple & android)changes the format of the power cables?
I really am believing TikTok is from an alternate universe. The lack of logic has far surpassed all forms of social media.
The advice may be terrible, but she got exactly what you wanted out of this video. 3 million plus views
Tires dry rot as well
I agree that it is satire. It actually shows just how pathetic our society has become and how dangerous outlets like TikTok actually can be. Youth and young adults today grew up in the digital age and can't tell satire or AI from reality. Many are incapable of doing any critical thinking and are absent any degree of common sense. Just about anyone can get on social media, doesn't mean they know anything. People need to think!
"A fool and their money are soon parted." Tik Tok is an accelerant of this phenomena.
That first girl has to be “rage bait”
Peoples advice about home buying is always deeply personal and based on where they've lived. Where I'm at buying a home is absolutely the better option if you don't need the mobility of dropping a lease and moving on the spur of the moment. Rent is roughly double mortgage payments where I live. I wouldn't look at home buying as a monetary investment though because the odds of seeing huge valuation gains when it's time to sell aren't that great. You can look at it as an investment like a car though, in that you are putting in money and effort for shelter, is cheaper than renting, and builds some equity.
I cannot detect any sarcasm. I actually wonder if Erin is the one being sarcastic about the sarcasm 😂
If you don't realize that this is just rage-bate then you aren't spending nearly enough time on the internet, haha
It's satirical moreso than sarcasm... they are making modest proposals.
I typically buy a new car every 8-10 years. One of the great pleasures of a new car is the new technology like my first car with power steering and a later car with power windows and then air conditioning. The first couple of years of the Toyota Prius designs were a dud and then they hit on a winner design. A 16 year old Tesla would be laughably out of date.
The guy talking about not saving said to own businesses or real estate stocks etcetera, I think he was talking about cash in a bank.
You mean a salesman whose job it is to sell cars and will make a commission agreed with you…
I could see if she was 3 - 6 months away, but you have to pay maintenance and insurance on that vehicle for it to just sit there.
5:30 "I know it's a joke" Erin you're clearly a better person than many of us. It's not a joke. People on TikTok are really this stupid. lol.
My favourite are the finance bros who say you shouldn't buy a house. Instead you should buy a house and rent it out. They seem to miss the fact that you still need somewhere to live, and so what they're actually saying, therefore, is you should rent a house to live in at the same time as buying a house to rent out. You're doing the same thing, but with extra steps, extra risk and extra income tax. Cut out the middle man.
I'm a Libertarian to the core, but I have to say, I'm all for a full on TikTok ban in the US.
$100 is no way enough for storage.
What if they Tesla quits making vehicles well then you just you won't have parts either
lol this car will break just sitting there that long
Love the facial expressions Erin makes! I'm so glad I don't watch tiktok. Isn't that the one they want to ban in the US? Looks like politicians are onto something for once!
If they did buy that car, it's going to require being charged and will probably have to have the battery replaced if they don't... Add 15k-20k before she can drive it lol
didn't finish yet but lol she has to be trolling. The obvious solution is to put funds in a brokerage account as a "daughter car fund"
The battery will need to be replaced in 12 years and the cost will be the same as the new one
Haha 😂 I’m glad we’re not on TikTok
Taking financial advice from tiktok is similar to making relationship decisions based on magazines. *_sigh_*
Those batteries won't do well in storage and are the priciest part pf the vehicle. In 12 years we will have 4-8 generations of better batteries... I hope it's a joke.
This whole idea: "a car is a depreciating asset so you need to finance it" I've heard this before and i don't get it. Why would it make more sense to pay more for this item though interest just because it it also losing value? You turn a bad decision into a doubly bad one.
A non financial mistake is that they are assuming the current trend with Tesla, EVs, wrapped cars etc will be the exact same in 11 years
How much would it cost to repair that car after it sat for 12 years I’d assume you’d need a new battery. And of course the sales man would agree with you he wants to make a sale.
I have heard so much about the book "Die with Zero" that I have to comment. I will be honest, using some of the the financial forecasting tools and set to optimisitic. What I will have at the end even amazes me. But I am HAPPY with my life style, and DO NOT WANT TO CHANGE. Let me ask you Erin. You have a nice house. If you could would you buy one that cost twice as much? I doubt you will. It would not bring you more happiness, it would require more time to clean. (even if you had someone else cleaning it, which I personally find awkward.) Do fancy cars make you happy? Not me, a good dependiblle one does. I could go on but you get my point.
What you should do, is analyze what brings you contentment. And if that requires money, spend it. But investing is a great thing to do. It teaches patience, and rewards you in the future. (And it gives you the opportunity to learn what a DAF is, and how to set one up for your legacy) 0:-)
You tube comments suck. Cant seem to add my smile emoji
Here I’ll add a 😀 for you
@@ErinTalksMoney thanks.
i think you have to assign more context to your comments such as the house one. We initially looked at houses half the cost of the one we bought, and did buying one twice as much bring us happiness? Sure did. My wife and I live in a 6000ft2 house, never go upstairs nor downstairs since MBR is on main floor. I'm fine with my robots in the basement and upstairs doing maintenance vacuuming while a maid comes to clean once a week. The context here is that our house is in prime location in terms of commute access, schools, public transit, commercial, and entertainment, and we didn't have to dump time, energy, and money into updating a house costing twice less in a different area. That means people have no problem selling, and our nook did not see house value decline in the wake of 2008 crisis like everyone outside our nook. That makes me much happier than if we bought twice the cost. I suppose you have to define fancy car. We've been a one car brand consumer even before we were married, so our view is that we know the brand/dealers/service, know how to work on them, and know their quirks, plus we've owned each car at least 10years. Now if we suddenly ran into our cars not lasting at least 10yrs, then sure I'd be willing to consider looking at something else. I bought a $6k prosumer espresso machine, which means we don't buy our daily coffees at the coffee shop. Whether someone else views a cup of 5cent sanka the same or better than what I can get from my $6k machine is something that doesn't matter to me. What matters is I'm not going to pay some tattooed idiot $7 plus a tip.
@@hanwagu9967 Ok so you are much more materialistic than I. That is OK. Question is, are you spending now, and wont have invested enough to give you a good future? if you are OK with where you will be, when the income from your "labors" diminishes, I guess you are on a solid plan. (Not mine, but hey, to each their own.). But if your spending now, is going to impact how you live in the future, I think you are likely making a silly decision. But hey, if a 6000 sq house now, that I think you wrote you only use half makes you content. Go for it if it fits in a good plan.
BTW, I own two properties (in full) in two different cities. And let me give you one small piece of advice. You can only be in one place at a time. While you are in one, the other is idle. Also had 3 cars, but one wasn't used. enough so I sold it.
Again, my comment, is somewhat directed to my situation. I "could" likely buy your home for cash, with the car, and likely another. But I have NO interest in doing that. So the book is not for me. I will "die with a lot more than Zero" and I will be happy that I did.
This is a good move reaction videos are super popular. Maybe it can help your channel grow even more and reach more people 😊
Oh nice! Ill buy that Tesla in a decade for like 5k.
I bought a new car with $27,500 down. My monthly payment came to $215 per month and I paid it off two years early. Been saving the monthey i would otherwise pay for investments and vacations.
So I’m a huge fan of your videos in general - but sorry, this one not so much. I don’t watch tic-toc because I really don’t care what those creators have to say. Their reality is not mine. Their motivations don’t interface well with mine. My advice is to ignore them and don’t give them any of your valuable air time.
More and more anyone under 40 has no clue. For the most part. Parents did not do their job. Education did not do its job. Social media mislead anyone willing to listen. You have to listen to the right person and make logical decisions. And you need to experience thing to be able to look back and have gone though it. Most younger people have logic at all. And you need to listen to multiple good places to grow and make choices for yourself and where you want to go. Anyone can have a Porsche sitting in their parents driveway. 😂
Please tell me that first one was a joke😢
This is why the China wants to keep TikTok in America
@11:15 the only people who actually *want money* are numismatists.
Technology changes faster now than it ever did so if the kid is anything like her she won't want an old car. How's the battery going to be after 12 years. They also will come up with a more efficient battery. She'll be driving around in a 12 year old car while all her friends have newer vehicles
I don't think these finfluencers on social media are stupid, they know what they are saying and why. I think the main purpose is marketing, they know by giving such dozzies, they will get free marketing, see how every one on social media are giving them free marketing?
Erin, this was worth watching if only for your facial expressions! Next time we need to hook you up to some kind of blood pressure monitor. 🙂 How I wish I had watched this earlier in the week. That was excellent! SMH.
As soon as I saw her putting on makeup, I automatically thought it was a joke.
I’m four minutes in and shocked that you haven’t picked up on the fact that cars depreciate. Keeping a car in storage and allowing it to depreciate is not going to save her money. That will be nothing but a massive loss.
Not to mention storing those lithium ion batteries, all those years will certainly be an unworkable plan. It would need all new batteries. any car that’s just sitting for nearly a decade would be in need of massive repair
OK I finished as always, your advice is great. Would’ve loved to see you be a bit more animated for this this one though. Smack your head a few times. Scoff. Make the PFFT sound. Act incredulous, you know those sort of things. Reactions are what make reaction videos entertaining. However, you nailed the informative part. Thank you for this video.
I’m all aboard buying a EV but not for a child clearly this tik toker was looking for views I’m guessing 🤷♂️
Seriously.. how ×××× can people be
If someone is buying a Tesla for their four year old and putting it in storage I guess it's safe to say they have money as this is proof that just because someone has money doesn't mean they are intelligent people. This is the dumbest idea I've heard in a long time as we don't know what the outcome is of storing a battery operated car for 12 years and the effects that is going to have battery life, the electronics in the car, software updates, etc. What if in 12 years the technology is far more advanced than what it is today and the now 16 year old daughter doesn't like the car because it's now an old car with old technology. So many what if's without having a clear idea where we will be in 12 years.
It's probably not satire but rage bait, designed to drive engagement.
The Tesla girl has a myriad of educational aspects left in her life to accomplish, as it looks like her parents and our school system failed her…most of which is on her parents incompetence. Although it’s a good thing for the rest of us who will use our education to jump ahead in life and have fun conversations about people like her!
This is not real. This is rage-bate.
@@nychris2258 it's not rage-bait. someone posting content doesn't control how you react to it.
@@hanwagu9967 Good luck if you actually believe what you are saying.
@@nychris2258 you make no sense. a content producer doesn't control your emotions..that's a you problem.
many of these things feel deceptive. it could be innocent enough that they are just not funny so it's difficult to interpret their content as humor, but it could also be that they are trolling on purpose to make people believe these dumb things, or they are trying to get views by getting people riled up
I have only watched the first one so far. 3 MILLION VIEWS!!! OMG, so much to be amazed by. Including what does she think, technology wont change in 12 years? Never mind the financial stupidity but the technology stupidity is amazing. Of course Tesla wants you to buy now. They are trying to make a number to keep the stock from collapsing further. Now I am off to watch the others. Perhaps I will comment more.
settle down...your reaction is why they have so many views. It's satire/comedy.
@@hanwagu9967 LOL, I will go with that. Not sure I am completely on board with that conclusion. I have read things more crazy than that.
@@buyerclub2 you can believe whatever you want or you can read Business Insider's interview with them. Reactive people believing something on the internet without actually verifying the information themselves is more idiotic than the content idiocy. Stop being lazy.
@@hanwagu9967 Lets stop the insults. No idea who BI interviewed. or why. The TikToker? As I wrote, I accept that this was sarcastic, or an attempt of sarcasm. But dont tell me, you never read, or saw something this crazy. How about all those that do YOLO trades and then describe them on WSBs? Many people do stupid things. And btw, not sure to many who know me think "lazy" is an appropriate description of me. Another insult, and that will be end of this discussion.
I think these guys are serious! They are totally wrong but they are not making a joke? Realators were openly telling people Buy More House than u can afford, it will alwaya double in 5 years? Yeah, how was that working during the collapse? All those that lost their houses or did short sales might not agree?
0:19 not advice, rather, intentional click-bait for ad revenue. This is the internet in 2024.
People to Boomers: You just don't understand the younger generations! You aren't fair to them!!!
Younger generation: Don't invest; if you do you won't get rich until you are 40!!!
Boomers:
;-)
Only a fool would wait until their child is 4 to purchase a car for the kiddo. I bought my (future) child a car a couple years before getting pregnant. I'm no sucker.
😂😂😂😂
You probably shouldn't drive EVs anyway given how unreliable they are and anti-consuner they are, which undercuts muh green justification justification, unless you have money to burn and want to be an early adopter
Question, are young people these days that stupid, or these people are just trying to stir up some drama and people will view their content and get paid for it ?
This is just rage-bate... this is not real.
You really don't believe her, do you?
Money _ruins_ children
Emblazon it in your bedroom wall. Tattoo it on the inside of your eyelids. Never forget it.
Never take financial advice from someone while they are putting on makeup on TikTok. Plus, those Tesla batteries are going to be dead in 12 years.
Re. the Tesla: What type of condition the batteries be in in 12 years? I'm sure she'll have to replace them - if the batteries don't catch fire and burn the storage place down!
Erin, I barely held on through the 2 min mark of this video. So hard to hear that sad, foolish person blabbing. I did hang in there because I like your videos, but there’s only so much of this nonsense a sensible person can take…
I must suffer from autism because I cannot tell whether they are being sarcastic or not like the Tesla lady and/or the buy more house than one can afford guy.
The gentleman I figured it was a joke because I read the #humor in the description, and he has CFP after his name. For the Tesla girl, it was really hard to figure that one out. I feel like I had to watch a handful of her other videos to figure out that her whole channel was joking.
I bought my baby a Tesla also. But a car parked in storage will rot away. So, to ensure it is in perfect condition, I drive it every week. And if it does start to get slower, or have issues, or just out of date I will replace it with a new one to ensure she gets a car in perfect working order! Sure, it will be an old POS by the time she can drive it. But hey, I will do anything for my children because I am a great parent!
I do not want to watch women paint themselves during a video.
I'm not even worried about the Tesla -- it's stupid, yes, but LADY. You have like 8 layers of makeup on! You can't even SEE the foundation crap you put on in the beginning anymore!
😦please tell me that was a joke,
Ok phew 😂
I truly hope it was a joke. It doesn’t come across as a joke. But I think her entire channel has to be a joke. At least I hope it is.
Her video is clearly "click bait" and she is obviously only trying to boost views and drive her metrics
She can afford a Tesla after using all that makeup every day? Wowza.
You’ve got to stop saying the word “literally”.
Excellent video and content, unfortunately a large majority of ppl are sheep and want and need to follow someone… sad
Of course it's sarcastic. She's putting on makeup as shes talking.
Stop!
I had to turn this off!
It’s stupid!
Unsubscribe!