The Age of Making Money is Over. The middle-class is done.

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  • Опубліковано 28 тра 2024
  • It's too late to make money for the middle-class. The "Age of Making Money" is over. The poor now become poorer, the rich richer.
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КОМЕНТАРІ • 6 тис.

  • @PaulFidika
    @PaulFidika 11 місяців тому +8269

    I subscribe to TechLead for my daily dose of depression.

  • @Oxxyjoe
    @Oxxyjoe 7 місяців тому +443

    "The greatest wealth is the poverty of desires." -Seneca

    • @TomTreutlein
      @TomTreutlein 3 місяці тому +6

      Never heard that before. It's lovely. Thank you.

    • @emanuelesuella9938
      @emanuelesuella9938 3 місяці тому +2

      Italian latin writer 💥

    • @covalentbond7933
      @covalentbond7933 3 місяці тому +5

      philosophy like that only sounds good and for giving you moments of peace, in reality, you cannot have a poverty of desires where you don't need 100k a year to be comfortable

    • @Oxxyjoe
      @Oxxyjoe 3 місяці тому

      @@covalentbond7933 you can associate the quote I hereby embrace with the idea that money causes just as many problems as it solves. chasing money is not the same thing as not having your needs met and being given no choice except to become a wage earner to meet them. You are free to your opinion, just know that you might just be hypnotized by a lot of propaganda

    • @Oxxyjoe
      @Oxxyjoe 3 місяці тому +2

      @@covalentbond7933 I don't mean to be insulting,
      and your disposition sounds very distressed and like you have 99 problems

  • @salikansari8981
    @salikansari8981 5 місяців тому +178

    If my anxious 3 am overthinking was a person.

  • @steved2947
    @steved2947 5 місяців тому +411

    Middle class means that you work in management and you help the upper class to exploit the working class.
    In exchange, you have the illusion of a good life but you can lose everything if you can't produce the expected numbers (productivity).

    • @jaskamattila4481
      @jaskamattila4481 4 місяці тому +10

      Your brain on US culture and marxist dialectics. Not everything is about material.

    • @dennis4180
      @dennis4180 4 місяці тому +36

      ​@@jaskamattila4481 Pointless comment and a braindead take. How else do you provide for a family of 4 in todays world?

    • @hugomr4559
      @hugomr4559 4 місяці тому +1

      This is socialist BULLSHIT.

    • @jamess125
      @jamess125 4 місяці тому +1

      As seen on The Wire. A show about middle management making the numbers.

    • @thatanimepfpguy
      @thatanimepfpguy 3 місяці тому

      @dennis4180 Do you realize how much CO2 a family of 4 uses? Starting a Family is an incredibly vile thing to do and is horrible bad for climate change.

  • @flanflanjp_
    @flanflanjp_ 11 місяців тому +60

    I know a lot of really hard working people here in Canada that are up at 4am, finish work at 9pm 7 days a week. They're still struggling to pay the bills, have beat up old work vehicles, and can't afford a house or more than 1 kid. Some own a home but are slaves to double or triple mortgages that were the only path to getting one. Every month the taxes go up, inflation gets worse, and their pay doesn't go up to match. It's really sad to see the tears behind their eyes every time they get a bill that's 50% higher than they were used to. 50 years ago these guys would have had several homes and 8 children, all well taken care of.

    • @EviMlcak
      @EviMlcak Місяць тому

      And yet, this country is taking in a million immigrants annually. Do we have THAT MANY JOBS?? What's wrong with this picture?

  • @steveg9302
    @steveg9302 11 місяців тому +196

    Literally everyone I know who graduated from college is in massive debt, renting an over-priced 1-bedroom apt., is struggling to pay bills, is single, depressed, anxious, never wants to hang out and is addicted to social media... man, I just want to gtfo of U.S.A.

    • @dziuga7571
      @dziuga7571 11 місяців тому +39

      it's like that here in europe too

    • @persiancucumber9255
      @persiancucumber9255 11 місяців тому

      The problem isnt the US or any other country its social media and govt tyranny around the world. And since most of the "western" countries work together, it seems like its everywhere.

    • @texarican1489
      @texarican1489 11 місяців тому +6

      No one’s stopping you.

    • @canadiansoviet
      @canadiansoviet 11 місяців тому +12

      Canada is the same

    • @mullcrumthesage6303
      @mullcrumthesage6303 11 місяців тому

      Run Forest run!

  • @edith_007
    @edith_007 6 місяців тому +122

    "You will own nothing, and be happy"
    This is why virtual reality is growing.
    -The great reset.

    • @jaleger2295
      @jaleger2295 3 місяці тому +4

      On point

    • @carlizancho2
      @carlizancho2 3 місяці тому +3

      What's the great reset

    • @vladserhiychuk8925
      @vladserhiychuk8925 3 місяці тому +1

      Wow

    • @kaanyasin3733
      @kaanyasin3733 2 місяці тому

      Everything with "Great" in its Name in the 21st Century is nothing but bs

    • @winwin8129
      @winwin8129 2 місяці тому

      ​@@carlizancho2it's about turning everyone into slaves and making them work happily for a few rich who control all the resources, mainly by brain washing them with lies and changing their way of thinking

  • @antoniodragonheart8965
    @antoniodragonheart8965 3 місяці тому +25

    "This is how to think about your life: the best analogy is the Titanic"... 😅

  • @scarlet423
    @scarlet423 11 місяців тому +212

    The rich should be worried if the poor have nothing left, that’s not going to end well

    • @pamelafrancis4476
      @pamelafrancis4476 11 місяців тому

      The level of security the rich have to pay for tells you they are already worried.

    • @snippletrap
      @snippletrap 11 місяців тому

      The rich will go to Hong Kong, New Zealand, Israel, Dubai, Switzerland, Singapore, wherever. They have no allegiance to their host country.

    • @KaosNova2
      @KaosNova2 11 місяців тому +24

      Pride comes before …. (fill in the blank)

    • @mihirvd01
      @mihirvd01 11 місяців тому +3

      They won't get out of their house or convert themselves into powerful cyborgs.

    • @femimark5021
      @femimark5021 11 місяців тому +17

      Mate this isn't 1942, they will have blinkers with fully automated turrets assuming they haven't slipped some chips into you that they can use to control Ur chemistry or blow up Ur brain lol

  • @hubertcumberdale2651
    @hubertcumberdale2651 11 місяців тому +876

    We're in a bizarro world where a substantial percentage of younger 1st world westerners want to get a remote job and live in Mexico City, Bali, Medellin, Chiang Mai, or Vietnam full-time because achieving any level of financial independence from your parents is just impossible otherwise.

    • @BitcoinFootball
      @BitcoinFootball 11 місяців тому +37

      I'd love for my youngest to head to Manila or Cebu. Hong Kong or Hainan for a couple years would be great too.

    • @Seva896
      @Seva896 11 місяців тому +75

      @@BitcoinFootball hong kong is not so cheap...

    • @alaskanwhiskey
      @alaskanwhiskey 11 місяців тому +92

      Yep. I live in the Philippines and lived in Japan previously and Mexico for two years. No way I'd go back to the usa.

    • @hotcoffeeamericano
      @hotcoffeeamericano 11 місяців тому +42

      Hence why so many american citizens start researching about moving to southeast asian countries to retire. they can stretch their social security funds by 2x to 10x more. not bad to live the remaining 15 to 20 years of their life in a new world. i wouldn't recommend it unless your 1st world country treats you poor and you can't afford housing.

    • @JayNice_
      @JayNice_ 11 місяців тому +66

      Working remote seems to be good but the problem is the price will start to rise also in these other countries..

  • @virgonation6162
    @virgonation6162 4 місяці тому +302

    It's true the age of making money it's over one have to invest in his/her future stop thinking of working for others.

    • @jeffreyjessica2536
      @jeffreyjessica2536 4 місяці тому +9

      You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

    • @alexemmanuel3271
      @alexemmanuel3271 4 місяці тому +2

      ​@@jeffreyjessica2536yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

    • @lawson6393
      @lawson6393 4 місяці тому +5

      I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

    • @bridget8162
      @bridget8162 4 місяці тому +1

      Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

    • @elina6519
      @elina6519 4 місяці тому

      Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton​@@bridget8162

  • @billybm0
    @billybm0 6 місяців тому +27

    Pay is stagnant and the cost of things are increasing. Self sustaining, money saving activities have to be intergraded into lifestyles. Otherwise more and more money is going to sucked out of your wallet. Eliminate subscriptions, don’t over pay for something that isn’t going to last you and create more value overtime. If you’re middle class you’re going to have to be smarter than what’s working against you. The goal cannot be riches.. it must be sustainability and happiness that comes along with being self sufficient. Take necessary steps to create passive income and steps to stop spending carelessly.

    • @georginikolov1141
      @georginikolov1141 3 місяці тому

      By ur words u basically don't need money..I can be self sufficient I choose not so

  • @ericcarlton87
    @ericcarlton87 11 місяців тому +1949

    My mom used to tell me back in the late 90’s “they’re destroying the middle class” and here we’re some 20 + years later and they have successfully succeeded in doing just that

    • @manwithnoidea6128
      @manwithnoidea6128 11 місяців тому +56

      Got dang you're mom is right

    • @venktesh6600
      @venktesh6600 11 місяців тому +12

      how come she got that much vision? was she working qualified woman??

    • @BlackRose369.
      @BlackRose369. 11 місяців тому +47

      It happened over and over again in the past.
      How much history do you know ?
      Srsly

    • @Hapacel1
      @Hapacel1 11 місяців тому

      yOuR mOm iS a cOnSpiRaCy thEOriST

    • @the_gilded_age_phoenix8717
      @the_gilded_age_phoenix8717 10 місяців тому +13

      Your mom was a clairvoyant. I hope you asked her for some Power Ball numbers, bro.

  • @435666
    @435666 11 місяців тому +357

    My grandfather/grandmother raised 9 kids on a single middleclass income in the bay area. They had a 4500sq ft home in the Oakland hills. It would take close to a million dollars of annual income to pull that off today.

    • @theyellowarchitect4504
      @theyellowarchitect4504 8 місяців тому

      Depopulation is their goal. Since war is out of the picture, they chose the slowburn path.

    • @faithwilliams7978
      @faithwilliams7978 8 місяців тому +34

      Likely more than a million, actually.

    • @JohnDoe-sl6di
      @JohnDoe-sl6di 7 місяців тому +25

      9 kids?? Maybe 2 million nowadays in the Bay Area

    • @varmastiko2908
      @varmastiko2908 7 місяців тому

      The overlords wanted to increase the workforce back then. Now they want to reduce it. There's always someone's grand plan behind the economy.

    • @luciano_brum
      @luciano_brum 7 місяців тому +5

      Brazil, maybe the world, is in same situation.

  • @codediva007
    @codediva007 6 місяців тому +54

    Man i was feeling the same from last one year when i graduated from grad school and started earning. Damn and btw I got laid off this year, currently just lost interest in earning money. Because as you said, there's no opportunity. The companies want you to beg them, elure them for an entry level job in this market when I have 4+ years of professional experience. What a fucking crazy situation that you can't even show your face to your family anymore.

    • @abandonallhash
      @abandonallhash 3 місяці тому +2

      head up brother love you man

    • @IrrationalDelusion
      @IrrationalDelusion Місяць тому

      Wasn’t it always like that unless you aimed for factory work or something extremely high demand?

  • @Wilhelm4131
    @Wilhelm4131 6 місяців тому +42

    I am grateful i stuck with being an electrician instead of a audio engineer.

    • @bobkreme2175
      @bobkreme2175 4 місяці тому +2

      as an aspiring electrician may i ask why?

    • @theelectronomer2319
      @theelectronomer2319 3 місяці тому +4

      You're not the only one who would like to know as well! By the time this year ends, I'm thinking I'm going to drop what I'm doing in my film school and go on to become an electrcian instead so that I could find my way into the film industry that way. Thoughts?

    • @uberalles9797
      @uberalles9797 3 місяці тому

      ​​@@bobkreme2175from my experience you tend to work quite a bit can even work by yourself because of so much requests of this trade, it pays well also but the ammount of work you do and the type of work you do repels people seeking easier stuff.

    • @Anton43218
      @Anton43218 3 місяці тому +3

      Please explain why. You probably come from the USA but to be a electrician in my country you first have to get an electrical engineering degree then have years of experience as an electrician's helper then maybe you can become an electrician for just a bit above minimum wage as engineering positions are either well paid but only for the friends,relatives or political allies of the owner or the engineer is doing the work of the electrician and gettinf paid the same(minimum wage 200usd after taxes from 500usd)

    • @frequentiis
      @frequentiis 3 місяці тому

      yup, there's $0 money for music engineers like myself, except if you get lucky on bandcamp, even if i get lucky, i only make $150/month on bandcamp, not sustainable, even beat makers and producers are not making money in 2024, but even the beat makers are making more money than we audio engineers

  • @88jordan15
    @88jordan15 11 місяців тому +504

    I've been telling people that a middle class person is just a future poor person.
    If you don't own, influence or control, you will have worked for nothing.
    Being an employee is a dead end.
    Mindlessly consuming hustle and motivation porn about working harder and being more skilled and knowledgeable than anybody else is coping and denying the reality that opportunities create wealth and these opportunities are shrinking.

    • @jimdandy8996
      @jimdandy8996 11 місяців тому +9

      Be on the upper end of the dividing line.

    • @therearenoshortcuts9868
      @therearenoshortcuts9868 11 місяців тому +33

      aye ownership is everything
      it's not the "main" thing, it is the ONLY thing...

    • @peternguyen2022
      @peternguyen2022 11 місяців тому +19

      I totally agree that "being an employee is a dead end." It's like a road you go down, and along the way, everything seems good... until you see the "cul de sac" road sign.
      Or it's like the man who falls from a building and someone on the fifth floor, looking out the window, asks him: "How's it going?" He replies, "So far, so good!"
      Right.
      That's why I quit my (best) corporate job at age 31, became a serial entrepreneur. These days, I teach digital marketing for fun at college at a rate of eighty bucks per hour (I deserve $800 per hour, really).
      I don't work anymore, I just write prompts and ChatGPT does all the work. I sell the prompts too, of course.

    • @ernies8828
      @ernies8828 11 місяців тому

      In otherwards, only care about yourself, be greedy, and stomp all over everyone else. You are also part of the problem. Good luck with that.

    • @gabrielpauna62
      @gabrielpauna62 11 місяців тому +15

      na man past poor is future middle class , new tech will always lift us out of previous issues , i live in SA one of the places with the most income inquality and everyone has a smart phone now and banks on their phone - gas is available , the only thing making people poor is the government

  • @Blackread
    @Blackread 11 місяців тому +549

    Of course there will always be outliers, but the shrinking middle class and the deterioration of the economic ladder are definitely a thing.

    • @RetireandGo
      @RetireandGo 11 місяців тому +10

      Don’t stress
      Go abroad
      I’m in Chiang mai now

    • @adsupermusone8875
      @adsupermusone8875 11 місяців тому +5

      Need to learn this AI malarkey

    • @norskemann1
      @norskemann1 11 місяців тому +9

      @@RetireandGo OH YEAH, go to places with dystopian social credit scores.

    • @RetireandGo
      @RetireandGo 11 місяців тому +7

      @@norskemann1 chiang mai is Thailand :-)
      But yes, I agree …. I have no interest in returning to China.
      Went once … done

    • @norskemann1
      @norskemann1 11 місяців тому

      @@RetireandGo Thanks for the correction.
      What stood out to most in China?

  • @finnjuniperdenaro
    @finnjuniperdenaro 4 місяці тому +97

    Jeez man... I work running camps for the youth of Australia, is this worthless too? For 3 days, myself, A teacher and the young ones are without any technology, doing awesome Adventure activities, learning to use their natural rite to communicate their truth to each other amongst the natural world. No, I have not become a millionaire but I've still been able to support my family, put food on the table and to evolve my world in more prosperity... Is this worthless? This work feels so truthful to me - I have seen and been told by so many that these camps are so important for so many. This video is a very harsh, hopeless, nihilistic, very materialistic way of looking at our world... Being rich does not make a person feel blissful - Small steps towards personal goals amongst a community of loved ones is where its at. TechLeads... Your actually adding to the materialistic mentality of the online space by narrowing it all down to money and buying more... Which is ironic because you're also, apparently a minimalist...?

    • @alfiebeach6822
      @alfiebeach6822 4 місяці тому +11

      Keep doing what you do lad. My old man does similar work in the UK and the joy he has doing money can't buy...well done keep going especially in a beautiful country like straya!

    • @mkteku
      @mkteku 4 місяці тому

      I Love You. TechLeads can go suck a lemon!

    • @xGarrettThiefx
      @xGarrettThiefx 4 місяці тому +17

      Have a close look at Techlead my friend... he's finished, deep down inside he's a digital gollum.

    • @TheBlacktom
      @TheBlacktom 3 місяці тому +5

      You are right. The video shows a chart that the middle class is shrinking by a couple of % and extrapolates it into oblivion. It has some interesting insights, but it's mostly exaggeration. Well executed exaggeration, have to say.

    • @ShadowJazo
      @ShadowJazo 3 місяці тому +3

      I think that he is right in the longterm. But AI and Robots, Climate Change, War can change everything in a few years. On the other Hand, you are living the life, the rich want to live. To be in nature and social, what else can money buy? There is no real security, everything can be gone in seconds. We have to learn to be grateful for what we have I guess.

  • @relaxationstation7374
    @relaxationstation7374 6 місяців тому +9

    We've been being Vehemently Warned Since The 1970s that In The Future There Will Be No Middle Class, Only The Super-rich and The Dirt Poor!
    Kind of aounds like The Middle Ages.

  • @davidgavney6711
    @davidgavney6711 11 місяців тому +576

    Glad to see Techlead has been seeing what's been going on for the last 60 or 70 years. It's finally catching up with us.

    • @ATOAgainstTheOdds
      @ATOAgainstTheOdds 11 місяців тому +37

      Yeah, it's pretty much reality.
      If you even want that rich lifestyle, you have to leave a developed country.

    • @VuxGameplays
      @VuxGameplays 11 місяців тому +12

      @@ATOAgainstTheOdds "developed" in what metrics?

    • @Xrayhighs
      @Xrayhighs 11 місяців тому +5

      Not finally
      Financially
      /s

    • @gabrielpauna62
      @gabrielpauna62 11 місяців тому +6

      hes being sarcastic

    • @antimsm6705
      @antimsm6705 11 місяців тому +14

      learn natural law from Mark Passio, we don't need governments, taxes and rent.

  • @abnoco
    @abnoco 4 місяці тому +54

    I'm probably older than most of your viewers and I learned the hard way that hard work is a sucker's game. Hard work usually gets you the boot when the cuts come, and the cuts always come. I know that's counter intuitive. When the cuts come, they typically don't care who is the hard worker or anything else. You're a number on a spreadsheet. Hard work may move you up the ladder (although very possibly not), but the top of the ladder is who gets cut. Instead of hard work, try to build a small, loyal group dedicated to getting ahead collectively. This is hard to do and I was not able to do it. I've studied successful people and the one thing I see as a pattern is they always have a "team" or support network or whatever you want to call it. Andrew Carnegie and Elon Musk both had their brothers, just as two examples. Without a team of at least one other likeminded person who has your back, just give up.

    • @kamikaze8625
      @kamikaze8625 4 місяці тому +3

      Well said. Without having even only *one* likeminded, hardworking & intelligent person by your side, that resonates with you, things can most often go absolutely nowhere, when resistance is met (which it will).

    • @terminallychill8029
      @terminallychill8029 4 місяці тому +1

      One other person.... You mean a 'spouse'? Interesting... I wonder if anyone had that idea before...

    • @abnersantana7267
      @abnersantana7267 4 місяці тому

      you got me inspired. Now I want to meet someone that i could call a team :')

    • @gameseduard6466
      @gameseduard6466 3 місяці тому

      i gat no friends and everyone is a backstabber i trust no one
      Sorry dude i cant do that... But i can do it alone too : ]

    • @RUBELADAB
      @RUBELADAB 15 днів тому +1

      100% agree but also gotta work hard

  • @soriba391
    @soriba391 7 місяців тому +10

    That's why it's still attractive to be a criminal

  • @leondonald
    @leondonald 11 місяців тому +1705

    The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

    • @EllenAbrex
      @EllenAbrex 11 місяців тому +15

      The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

    • @berkrix4312
      @berkrix4312 11 місяців тому +11

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

    • @berkrix4312
      @berkrix4312 11 місяців тому +6

      @@theresahv Christine Jane Mclean, a well-known person in her field, is my advisor. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.

    • @dinosaur0073
      @dinosaur0073 11 місяців тому

      Stocks are overvalued.
      Gold & silver overvalued.
      Digital currency is an illusion currency that may not be exchanged to currency. Also, many gov. are not recognised it.
      Everything sorounding is over value and salary is too low to buy...its a problem

    • @dee23gaming
      @dee23gaming 11 місяців тому +1

      ​@@konstantin.thegreat I think crypto, especially Bitcoin, Ethereum, Litecoin and USDT are here to stay. This economic recession is the perfect time to look into investing/mining crypto. But don't make that your "everything". Start teaching yourself how to actually trade the forex markets, then you can profit from anything from crypto, to currency, stocks, indices, ETFs, metals and more.

  • @matt2.019
    @matt2.019 11 місяців тому +21

    We're in an era of widespread hopelessness, depression, confusion, and apathy. A a large segment of the population is simply not in a psychological state that will enable them to have long-term vision. I think if you can somehow retain a sense of purpose and inner drive, you can be phenomenally successful today and into the future. The problem is getting and keep that drive. It's harder than it's ever been.

  • @jeffreykalb9752
    @jeffreykalb9752 3 місяці тому +16

    I love his upbeat perspective.

  • @Alexandra13296
    @Alexandra13296 Місяць тому +8

    This is how I got rich”

    • @Alexandra13296
      @Alexandra13296 Місяць тому

      The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

    • @Alexandra13296
      @Alexandra13296 Місяць тому

      I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.

    • @Alexandra13296
      @Alexandra13296 Місяць тому

      researvh the name, if you care.

    • @Alexandra13296
      @Alexandra13296 Місяць тому

      REBECCA MARTIN WATSON

  • @WellHelloThere1
    @WellHelloThere1 11 місяців тому +802

    As long as they keep printing money inflation goes up, assets go up with inflation so the rich hold onto that wealth, and the poor have to work harder. He is spot on correct.

    • @artbyddp
      @artbyddp 11 місяців тому +47

      If there's too much pressure the tank will crack, and the steamboat that the rich stand on will start to sink.

    • @alethiosoratos5455
      @alethiosoratos5455 11 місяців тому

      @@artbyddp Very true. Wages are always 5 to 10 years behind inflation...WE WILL NEVER CATCH UP! Over the next 30 years, the west will be on par with the rest of the world. OUR STANDARD OF LIVING IS BEING DIMINISHED, AND THIS IS DELIBERATE ON THE PART OF THE ELITES!

    • @stevepest4143
      @stevepest4143 11 місяців тому +24

      You voted for this. So why complain?
      You could do better if you are willing to.

    • @niggagamer444
      @niggagamer444 11 місяців тому +70

      @@artbyddp and the poor will go down with the ship while the rich escape on the life boats

    • @alethiosoratos5455
      @alethiosoratos5455 11 місяців тому

      @@stevepest4143 LOL, no I did not. I did not vote for the Biden puppet and his globalist masters.

  • @TheKent2288
    @TheKent2288 11 місяців тому +162

    Nice rant and totally agree the middle class is being pushed to the lower class. Just look at the lack of pay increase for us Australians for years and years while the rich are getting richer and inflation getting higher and higher. Lower class and middle class simply have no chance to catch up to upper class. The only consolation is death is the great equalizer unless the rich and powerful finally cracked the code of living forever.

    • @user-fb8jb5yi6g
      @user-fb8jb5yi6g 11 місяців тому +5

      We praying for you cuz. 🇦🇺 🇺🇸 Same on this side of the planet. Wage stagnation since the 70s when taken inflation into consideration.

    • @S41GON
      @S41GON 11 місяців тому

      These fuckers like George Soros and Henry Kissinger just refuse to die somehow.

    • @TvMarginalia
      @TvMarginalia 11 місяців тому +8

      lol if its hard for you in Australia, imagine living in Brazil, i've been living in NZ for 5 years and my life haven't changed at all, i feel poorer than i ever felt even tho i make at least 5 times what i used to make in Brazil.

    • @namuh_a
      @namuh_a 11 місяців тому +2

      Not really unfortunately cuz inheritance...

    • @smokescreen2146
      @smokescreen2146 11 місяців тому +1

      Yeah but you keep voting for the Coalition.

  • @anthonypetrozzelli5429
    @anthonypetrozzelli5429 4 місяці тому +28

    Wow! That was a cold dose of reality! I agree! I am 66 years old and drank the Kool-Aid. I graduated from business school and worked in manufacturing in my whole career. I was a corporate serf for corporations that underpaid myself and my colleagues. I had to work long hours, under a lot of
    stress only to get laid off or fired because I was supposedly making too much money. Manufacturing jobs are going away, as well as a livable wage for workers. I am sick by the arrogance of super wealthy and how they look at people who really work of a living, such as tradesmen and office workers.

    • @Tideo123
      @Tideo123 4 місяці тому

      That was a cold dose of reality! .... He is telling the truth but the way he is saying like reading word by word from the book, so weird. All the hypes from those promo getting rich fast scheme from the past few years are gone, done, no longer working. Those who took chances and made quick bucks from the Fed printing machine from the last 10 years had it made. Those who were working in the traditional jobs with low pay wouldn't be able to keep up with the high cost of living. We are done. No more free easy money anymore. We just have to wait for the AI and ChatGPT to come up with ways to produce foods for us all.

    • @abandonallhash
      @abandonallhash 3 місяці тому

      capitalism is our government friend, we made our choice long ago, well our ancestors did. We will be fine you keep your head up love is strong and it will shine in the darkest places. We just have to have hope. Love you man. Stay strong.

    • @anthonypetrozzelli5429
      @anthonypetrozzelli5429 3 місяці тому

      Thank you! I appreciate the support!

  • @Raymondjohn2
    @Raymondjohn2 4 місяці тому +129

    I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.

    • @maga_zineng7810
      @maga_zineng7810 4 місяці тому +3

      As with an my big financial decision,it’s important to keep your guard’s up for economic risks.
      However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe

    • @usieey
      @usieey 4 місяці тому +2

      I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year

    • @CraigChap_6898
      @CraigChap_6898 4 місяці тому +2

      I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

    • @usieey
      @usieey 4 місяці тому +2

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @CraigChap_6898
      @CraigChap_6898 4 місяці тому +2

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @jodrizzly1766
    @jodrizzly1766 11 місяців тому +629

    This realization came to me about 2 years ago. I waited to go to college for 3 years while working construction making decent money and saving as hard as I could, I got an associates degree in Architecture because it was cheap. Got a great job and have worked my way up to $90,000 a year with no college debt and living in cheap places paying less than $500 a month in rent/utilities. Then I started listening to podcasts of these rich people getting richer and richer while just flexing online and I realized just how poor I actually am even though I am doing much better than 90% of the people around me including my family who lives paycheck to paycheck. It seems impossible to find success.

    • @jodrizzly1766
      @jodrizzly1766 11 місяців тому +80

      The main thing that made me feel so depressed is what I see on Instagram/UA-cam.

    • @jodrizzly1766
      @jodrizzly1766 11 місяців тому +54

      The only sense of hope I have is possibly finding a way to be an entertainer (which feels like its also dwindling because I am getting older) or making extremely risky investments in the stock market (basically gambling).

    • @wheresyosefbenyosef
      @wheresyosefbenyosef 11 місяців тому +33

      I can relate. But trying not to compare to others online or anywhere

    • @iannottingham4640
      @iannottingham4640 11 місяців тому +117

      There is always someone richer than you. It also applies to many other things. For example, there is always someone with better physical shape. It still does not mean working out is meaningless for you.
      There are so many factors involved when it comes to financial wealth. Do not let the content, rich guys post on social media devalue the things you actually achieved on your own.
      There is nothing wrong with making 90k a year if that is a sum you are comfortable with. Motivating yourself to make more money just because some other people are richer is a toxic motivation in my opinion.

    • @dingfeldersmurfalot4560
      @dingfeldersmurfalot4560 11 місяців тому +41

      I had a friend who was an insurance salesman. He got to look at actuarial tables and studies showing how people of all social/economic levels handled their money. He said almost everyone simply spends what they make. Either on stupid stuff, which is routine, but on stuff that moving up in economic levels requires. Examples: 1) You become a lawyer. Now you aren't wearing a $100 outfit, but a $1,000 suit/dress combo. And you'll need a good few of them, custom tailored. 2) You become a lawyer. To maintain the social cohesion and network strength necessary for you to become a partner, you need be vary wary of saving many thousands/yr by bringing your own lunch to work, or eating at McDonalds -- now lunch is $30, or $100. And you'll be going out to even more expensive dinners whether you really want to or not. Your old perfectly serviceable beater isn't good enough any more -- now you need a Mercedes to impress clients and maintain the image of the firm. So for reasons smart, at least defensible, or flat out stupid, most people go into their later years way more broke than you think they'd be -- and often the only thing that saves them, now that pensions are mostly done for most people -- is the ridiculous price inflation on homes. Sell and move somewhere much cheaper, pocket the difference and use it to help fund your daily retirement needs. Anyway, to really increase your financial security, of course prioritize making more money. But just as important, be sure to invest and not just spend spend spend to your limits and hope you'll do a little better at saving and investment next year ...

  • @james5460
    @james5460 11 місяців тому +51

    "Just accept that you're not going to be rich enough to disown your parents and disown your friends and then you're stuck with no opportunity... think of your life as the Titanic." This had me rolling lol. It's funny, but it's funny because it has so much essence of truth!

    • @copperpumpkin2648
      @copperpumpkin2648 11 місяців тому +1

      I would rather die I've made the decision a long time ago in life

    • @humble2828
      @humble2828 10 місяців тому

      this is why you're poor and I'm rich

  • @Michelleyoung-dq3zc
    @Michelleyoung-dq3zc 4 місяці тому +32

    I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
    I now earn every week. You’re such a blessing to this generation, we all love you

    • @VictorMartinez-ko5ct
      @VictorMartinez-ko5ct 4 місяці тому

      I will love to be your friend dear as well as sharing some i dears which you're benefiting.

    • @Michelleyoung-dq3zc
      @Michelleyoung-dq3zc 4 місяці тому

      Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
      Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

    • @samuelroddy5382
      @samuelroddy5382 4 місяці тому

      Hey how good are your earnings I will like to get some insights into trading thank you.

    • @Michelleyoung-dq3zc
      @Michelleyoung-dq3zc 4 місяці тому

      Currently i can attest to the fact that I
      make $18,300 weekly through trading
      which is more better then my monthly salary job. Trading becomes my passive
      income.

    • @PatrickBiedenkapp-rb2gi
      @PatrickBiedenkapp-rb2gi 4 місяці тому

      I can relate to all you said becaus am facing similar thing right now.
      Congratulations I wish you more success.

  • @trishachokshi8414
    @trishachokshi8414 2 місяці тому +2

    Thank you so much for this.

  • @dennisschaade5181
    @dennisschaade5181 11 місяців тому +66

    Nailed it bro. First understand life, THEN be realistic about the possibilities. N be prepared to be average cuz nobody ever tells u its a life sentence n most will be average at best

    • @yearginclarke
      @yearginclarke 11 місяців тому +3

      This is very true.

    • @recklessnotion1899
      @recklessnotion1899 11 місяців тому +7

      All depends on what you consider "average". Spiritual wealth is just as important as financial wealth. Being content with little to nothing when there are still millionaires out there who are absolutely miserable.

    • @Conormcnproductions
      @Conormcnproductions 11 місяців тому +3

      ​@@recklessnotion1899 that's good but there are obstacles that only money can get you past unfortunately. Artists, writers, musicians hate this because they don't want to care about money, they want to care about their work. But you need money to buy the freedom from needing to work in a full time job

  • @fkdynamite
    @fkdynamite 11 місяців тому +30

    My tactic has always been, to work only as much as necessary and to cultivate a simple lifestyle.

  • @LizaJohnson-yz2wo
    @LizaJohnson-yz2wo 3 місяці тому +50

    The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved. Anyone who is not investing now is missing a tremendous opportunity. I appreciate Maureen! Imagine investing $1000 and receiving
    $4,350

    • @ErichHill01
      @ErichHill01 3 місяці тому +1

      I think to combat the negative effect of inflation, it's a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, crypto and real estate, since this can help protect your portfolio against inflation.
      I've heard testimonies of people accruing over $550k during recessions

    • @Stevensonlouie
      @Stevensonlouie 3 місяці тому

      I would really love to know how much work you did put in to get to this stage.

    • @LizaJohnson-yz2wo
      @LizaJohnson-yz2wo 3 місяці тому

      Maureen Toledo method is the best.
      Got her info on ABC News in December 2022 and started following her lead and it's favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.

    • @craigrobinson6455
      @craigrobinson6455 3 місяці тому

      PLEASE HOW DO I GET ON THIS????
      How to reach her I'm interested🙏🏻

    • @LizaJohnson-yz2wo
      @LizaJohnson-yz2wo 3 місяці тому

      SHE MOSTLY INTERACTS ON TELEGRAM!

  • @nicolettekumalo8859
    @nicolettekumalo8859 7 місяців тому +3

    I have been saying this lately i just stopped fighting so much and i followed my joy.

  • @brofessor3115
    @brofessor3115 11 місяців тому +26

    Im in the boomer generation. One thing I see are my aging coworkers getting heart attacks, Parkinsons disease, cancer, dementia. I just focus on staying healthy, working out. You can work hard and stress out , it will just get you sick in the end. The health care and big pharma love sick people. So stay active and healthy my friends , as best you can!

    • @toshiodocs
      @toshiodocs 10 місяців тому +5

      Best advice, my father is in his 60s, studied a lot, made a lot of money, now he is sick, getting older and sad, the best advice for sure is a healthier lifestyle, life is short, have fun

    • @Sydwiz9999
      @Sydwiz9999 10 місяців тому +4

      what is life worth if you don't have your health, nothing! all that work to die a slow and painful death, no thanks!

    • @rethorics
      @rethorics 6 місяців тому +1

      I think most of these illnesses come from the food we consume. Most of these sicknesses didn’t exist to this extent a few hundred years ago.

  • @heyRex
    @heyRex 11 місяців тому +54

    The ratio of truth/sarcasm is always tough to discern from millionaires

  • @heitter
    @heitter 6 місяців тому +1

    Thank you for those inspirational thoughts 😂 It is nihilistic stuff, but necessary analisis. Priorities needs to be re-directed.

  • @debunkified
    @debunkified 3 місяці тому +1

    That is the best and happiest news I have ever heard yet! Keep it up brody.

  • @curmjp1234
    @curmjp1234 11 місяців тому +126

    All people want to do now is listen to people on youtube like techlead who is monetizing depression, 😂

    • @Zed871
      @Zed871 11 місяців тому +17

      Monetize depression, why haven't i thought of it before? Stop the presses!

    • @emekaobidike9574
      @emekaobidike9574 11 місяців тому +5

      He said "It's over" 😂 😂😂

    • @shars.555
      @shars.555 11 місяців тому +3

      That is brilliant.

    • @diasnuno923
      @diasnuno923 11 місяців тому +3

      Couldn't agree more

    • @buckbrewski6827
      @buckbrewski6827 11 місяців тому

      CAP!

  • @jenshark4
    @jenshark4 11 місяців тому +120

    I am middle class an have been for over a decade. I have tried to be an entrepreneur several times and each time my businesses were in the red costing me money that I earned through my traditional “working for the man” 40 hour a week job.
    I have settled to realize that my best bet for “freedom” is working for the man, saving as much as possible for the future. I’m scheduled to retire at 59 years old. I have had several medical issues so far and I’m a cancer survivor to top it off (still working for the man).
    I can only hope i beat my retirement goal and don’t have too many medical issues by then.
    Not to mention I’m probably at my peak pay for my lifetime. It’s all down hill from here.

    • @funicon3689
      @funicon3689 11 місяців тому +13

      the medical stuff will probably bankrupt you tbh

    • @McRuffin
      @McRuffin 11 місяців тому +7

      Im sorry to hear that. Take good care of yourself with diet and exercise. Good on you for beating cancer. I’d say if you can find a company with a 5% match or so take it and that will expedite the process. Or you can take some risks by managing your own assets and buy tech ETFs. Maybe even some Btc. Good luck on your journey. Stay strong🙏🏽

    • @cynbadlonewolf9455
      @cynbadlonewolf9455 11 місяців тому +1

      Daum. I better pick you up You need to drive off a cliff more than I do

    • @LittleMiss875
      @LittleMiss875 11 місяців тому +3

      You could ask for early retirement and access to pension from 55 due to ill health. Also don't resign, let them dismiss you under capability for ill health as companies usually pay out a lump sum for that.

    • @1MinuteFlipDoc
      @1MinuteFlipDoc 11 місяців тому

      take social security at 62!

  • @johnf3283
    @johnf3283 3 місяці тому +1

    totally agree. very well said.

  • @user-xp6sc6su9c
    @user-xp6sc6su9c 6 місяців тому +80

    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

    • @graywilliams_77.
      @graywilliams_77. 6 місяців тому

      The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point. I came across an article highlighting individuals who achieved profits of up to $150,000 during challenging market periods. Considering this, I am curious about the best stocks to purchase now or add to a watchlist.

  • @thegreenray4010
    @thegreenray4010 11 місяців тому +301

    This video has pushed me over the edge to become a homeless man. If I cut my rent, I only need $50 a day to break even at the end of the month. I'm going to get an easy job, work a few hours a day and spend the rest of my time outside or in the library doing what I actually care about. It's over.

    • @venktesh6600
      @venktesh6600 11 місяців тому +23

      I got a nice marriage proposal at 45, but somehow I couldn't make decision to accept that I didn't know what was stopping me, probably, this is one of the reason I guess. It's hard for one to go homeless with family n kids...

    • @lordgallus7264
      @lordgallus7264 11 місяців тому +9

      Bro don't give up!

    • @thegreenray4010
      @thegreenray4010 11 місяців тому +103

      @lordgallus7264 don't give up on what? There is no opportunity. There are no wife and kids. There aren't even simple things like a community, shared values, or heritage. There is only work, chores, and escapism. I don't want to play it anymore.

    • @TymeLane
      @TymeLane 10 місяців тому +12

      When life has no purpose, there's still a life to live.

    • @mindlessdrive
      @mindlessdrive 10 місяців тому +14

      Man you're honestly fuxking right..... I won't lie, I'll keep playing the game. But it really is just time before it all explodes and we have to do something else. Its all imploding.

  • @suvendroseal1724
    @suvendroseal1724 11 місяців тому +62

    I'm a GhostWriter and what Techlead is saying in 100% spot on. I've been active in copywriting and money making communities online. In these people discuss and share nothing but ways to make. To me, I beleive if you want to go big, you have to find people already making money online and learn from them to outmaneuver the system that is being created right now.

    • @mariec2882
      @mariec2882 10 місяців тому +3

      People with money only want to talk to people with money

    • @Ch-a7397
      @Ch-a7397 9 місяців тому +1

      The middle class always has been, it always is and it will always be, as Dao always is as well.
      You can see things in duality if you prefer directing your attention towards it or you can choose to come from the neutral point of view and aknowledge that duality dissolves into wholeness by complementar unity - one serving the other.
      I personally think that working hard is a misleaded perception and a false belief which has been somehow indoctrinated by society.
      It's not about hard work anymore when you do what you love, purposefull and with soul driven intent.
      We tend to feel like working hard if we don't come from this place and state of being because we may haven't found yet what's ours to love on doing and we may have decided to go for a job which doesn't fulfill us, in the need of being able to pay our required bills and daily life.
      How about turning the idea around and asking how this could help us instead of complaining about?
      What if this may be an opportunity to even deeper cope and go within, getting to know yourself more, to thrive, learn new skills and fulfill your desires which you couldn't till now due to lack of time?
      Unfortunately people tend to stamp and say that something is impossible till The One comes along who proves that actually All is possible if you have faith and believe in it.
      So how about instead of letting our energy disipate by destructive thinking and limiting believes we start our breakthrough, getting even more creative and bigger than we've ever been before, expanding further on or perhaps, if you're so much against it, maybe you may want to find a niche which cannot be fulfilled by A.I... after a while, the imperfect may be even more apreciated and may have a revenue...remember the 50's-70's-90's ?...they all had and have a revenue, a comeback, being included as a trend nowadays.
      What if we see it as an opportunity to strech ourselves and go beyond our self made limitations? People tend to long for the better, for breakthroughs and improvement. (E.g: in art and design the idea of using primary colors together was a no-go and 4 years ago it appeared as an innovative trend to combine the colors red and blue, marking a need for breaking constraints, reaching out, breaking free and becomming bold.)
      There are life patterns repeating.
      Thomas Edison was one of its kind who revolutionized and implemented the beginning of a new era, a massive change was needed in order to propell ourselves forward, like it's been needed now as well, especially due to the last 4 years.
      What if, with the need of the job position as an A.I. promt engineer, earning 300K a year, not only salaries rise but even new job opportunities show up... with answers for the question of how and what we could implement and do in order to keep our personal heart and personal light undigitalised? We may find in this field new working opportunities as well.
      Maybe we may even reinvent and reorient ourselves, having even some more time for restoring nature and providing helpful and needed solutions herefore.
      Yes, there may be shitty stuff as well and, as life always prevails, the question is: how do we prefer to see, what do we choose and how can we aknowledge it in a constructive helpful way, being there for us even more, making our nurturing contribution for ourselves and the world we live in?

  • @dickmcnigglin4201
    @dickmcnigglin4201 11 місяців тому +17

    Over working is over rated. I used to be a workaholic until i realize at 42 my life is quickly passing by. Ive had a ton of associates and family pass over the years and it made me think. When will i start enjoying life?

  • @karenstiltner1386
    @karenstiltner1386 6 місяців тому

    I appreciate your honesty

  • @Boutys_mom
    @Boutys_mom 4 місяці тому

    Thanks..for keeping it real.

  • @mattcorriere9039
    @mattcorriere9039 11 місяців тому +199

    I'm a general contractor with a multi decade track record of successful business and I used to have young men beating down the door each spring to get on my crew. Now no one comes around and I have lots of work but just a small crew to do it. It is very frustrating and all the businesses I deal with have the same problem.

    • @josephferrel8830
      @josephferrel8830 11 місяців тому +15

      I'm a finish carpenter and there is not many men joining the trade

    • @ycc7744
      @ycc7744 11 місяців тому +42

      Watch Peter zeihan (geopolitical analyst) on this. The trades are generally not attractive to gen z because they are: 1. More inclined to code things 2.antisocial for a number of reasons.

    • @PerfectRythme
      @PerfectRythme 11 місяців тому +60

      I was gunna be a carpenter, then a saw a video of a robot laying out drywall, then realized it’s starts out at around $15/hr (less than I make working fast food) why would I start a career in something that won’t work out in neither the short term nor long term… anyway starting college in fall for CS, even if software jobs don’t work out like he suggested, it’s still a science degree and there’s plenty other fields I can get into paying way more than most blue collar jobs that I won’t break my back in just for some robot to replace me when it finally starts to make me a decent paycheck

    • @PerfectRythme
      @PerfectRythme 11 місяців тому +5

      @@josephferrel8830 read reply above

    • @crammons7330
      @crammons7330 11 місяців тому +5

      Where you located? If you're near Baton Rouge, LA then I only need to know where to turn in my completed application forms at ha. I'd happily be willing and ready to start right away.... My luck will have you located in Washington state or Oregon somewhere far far away

  • @xbiker321
    @xbiker321 11 місяців тому +25

    I joined the Army at 17yrs old, went to college, and have been working ever since. Making $100k a year to be apart of the middle class America dream. All to watch it drift further and further away as each year passes.

  • @Bobby_Strange
    @Bobby_Strange 4 місяці тому

    Always giving a different perspective. Thanks for adding your unique take as an ex Google ex Facebook tech lead.

  • @LordMalice6d9
    @LordMalice6d9 Місяць тому +1

    Well, I like to learn, and I still study because it builds my knowledge and builds character.
    I do it all for me now! No one else.

  • @jelizardi2000
    @jelizardi2000 11 місяців тому +744

    My humble opinion for young people. Learn a useful trade - Get a network of steady clients - Stay away from chick commitments until 32 - Budget wisely, but live good - Stay away from people that do not add value to your life. You'll be all set.

    • @redachance
      @redachance 11 місяців тому +19

      thx man

    • @michen25
      @michen25 11 місяців тому +17

      Good point.

    • @nickmoran8801
      @nickmoran8801 11 місяців тому

      That’s what they want
      The agenda seems to be this at least to me
      So many labor jobs have so many shortages like he said u can do UA-cam or work from home
      They want more
      They have major shortages in the nursing field as well
      Guess what funnel them in
      Ai is gonna take over all ur jobs bullshit so why don’t u get a trade join the military or join the medical staff hmm

    • @zendao7967
      @zendao7967 11 місяців тому +146

      If you're in the West, stay away from chicks altogether.

    • @fardinmun8130
      @fardinmun8130 11 місяців тому +32

      It's over

  • @comradekims.d.
    @comradekims.d. 11 місяців тому +68

    This is the first time someone is actually saying things that others just for some reason try and deny.

    • @joeseabreeze
      @joeseabreeze 11 місяців тому

      Rich people deny it because they want you to continue wasting away your life grinding for their wealth while you struggle to make ends meet for 50 years :)

  • @pb-fo9rt
    @pb-fo9rt 4 місяці тому +1

    I can totaly relate to what he is talking about! Been there, done that, I am done with it and fed up.. Otherwise I have not been turning myself towards more consum orientated content but rather spend quite some time digging into spirituality, philosophy and try to shift my life towards those enlightenments, although it's not that easy either :D

  • @hippohoppa
    @hippohoppa 7 місяців тому

    I don't know what your channel is about but whatever it is, I am subbed for your great words!.. ty

  • @netnomad47
    @netnomad47 11 місяців тому +34

    I love how real this video is. It is strangely calming.

    • @Statsjk
      @Statsjk 11 місяців тому

      Because you are already rich.

  • @tomaszj.9741
    @tomaszj.9741 11 місяців тому +135

    "Rich Dad Poor Dad" is still popular in developing countries, like e.g. some African countries. BUT i feel like in US/Europe people just dont care anymore, housing/life is so expensive that mindset of "either big money will come easy to me or its not worth it to invest my time/health" was born. I feel like we will be looking at huge socio-dynamic changes very soon, middle-class cant be destroyed without deep consequences.

    • @edgelordpriestessofwaifust6434
      @edgelordpriestessofwaifust6434 11 місяців тому +34

      A lot of 20 and 30-somethings feel like the only way they are going to get on the property wagon is to invest as much as they can in crypto during bear markets (while living at home rent free) and pray that they pull their own rug on the other investors at the most optimal time in the bull market. Its just friggin' MUSICAL CHAIRS. Not a real economy.

    • @mikexhotmail
      @mikexhotmail 11 місяців тому +9

      I am Gen-X and Rich Dad made me own couple of houses. It works for me.
      ps. I am building 2 more how.

    • @jayglookr
      @jayglookr 11 місяців тому +1

      "I feel like we will be looking at huge socio-dynamic changes very soon" ...hmmm, 100% agree. BTW, have you taken a walk outside lately?
      "middle-class cant be destroyed without deep consequences." mmmm hmmm, As I sit here in the financial district and listen to somebody outside somewhere: "eeehhhh. aggghhhh! ehhhhh.... uuuuahhhhh. yyeeeeeeh eeeeghhh. eeeeeehh. ......aaaaaagh... "

    • @alfredhitchcock45
      @alfredhitchcock45 11 місяців тому +8

      Rental income is timeless advice regardless of geography. People need roof or shelter to live in.

    • @mikexhotmail
      @mikexhotmail 11 місяців тому +2

      @@alfredhitchcock45 Especially in this era of AIRBnB + digital nomad+ WFH.

  • @Anton43218
    @Anton43218 3 місяці тому +4

    How is a poor 18yo man from eastern europe supposed to get rich then? The only prospects I have after highschool is manual labour for 200-300 dollars per 30 workday month.

  • @vijayaragavan440891
    @vijayaragavan440891 4 місяці тому +1

    Very very true!!

  • @gymclasshero88
    @gymclasshero88 11 місяців тому +116

    I went into an industry to help people from 2008 onwards. Completely thankless career and I’m now in a position where I can’t help myself financially. I always knew it was going to heavily impact my life but nothing like worrying about food and shelter long term in my middle 30s. I will never be able to own a property or have kids financially, I can’t catch up. I tried to invest and lost half my money in desperation with where I’m at so now I’m really done. It’s truly insane where it’s all at and ultimately we are progressing a into a future that can’t afford people going into nursing, teaching, police work, social work etc
    You can already see the effects of this flowing throw in different parts of the world
    It’s all extremely sad

    • @smithofevan
      @smithofevan 11 місяців тому +4

      use this as your motivation!

    • @chrisperkins7331
      @chrisperkins7331 11 місяців тому

      Your story can be read a million times as it is the way it is going, and it will get worse. The food is destroying your physical health, and the economy your mental health. I am old and have traveled the world over the last 50 years. I now live in a third world world country in a village on a few acres of organic soil. Study how nature works, as it can feed and house you. The first world is toast as the debt bomb will destroy most people who cant feed themselves.

    • @leonaise7546
      @leonaise7546 11 місяців тому

      @@smithofevanPretty shitty advice. Don’t know what you want him to do with that

    • @katherinechase3674
      @katherinechase3674 11 місяців тому +2

      Some one will still need to do those jobs- Unless AI eats it all-

    • @dingfeldersmurfalot4560
      @dingfeldersmurfalot4560 11 місяців тому +8

      @@katherinechase3674 Jobs like nursing and much of the rest of healthcare aren't going anywhere. Unfortunately, they have become much more corporatized and the level and intensity of work expected has become absolutely brutal and sometimes even viciously uncaring.

  • @danebutler4575
    @danebutler4575 11 місяців тому +112

    😂😂 When the raw straight cynicism hits hard enough to make you laugh out loud uncontrollably you know this hits close to home.

  • @holyvanilla8010
    @holyvanilla8010 7 місяців тому +4

    "Pencils down!"
    - Me having fun, while drawing and listening: (0_o)

  • @ByornJohn
    @ByornJohn 3 місяці тому

    Good one Stephen, Love this one mate.

  • @musichdr
    @musichdr 11 місяців тому +388

    Never would have imagined that my AMZL4S bag would be as big as my quant bag and bigger than my hbar bag but here we are.

  • @ghosthunter7258
    @ghosthunter7258 7 місяців тому +2

    Wanna know whats funny. People are gonna watch this video and keep working

  • @florians684
    @florians684 2 місяці тому

    Thanks for the video, really motivating. I now really want to work as hard as i can trying to find a way making money to prove you wrong.

  • @danielt.tremaine
    @danielt.tremaine 11 місяців тому +302

    Many people get sudden wealth in the world of crypto while others become destitute. Securing your future is in your hands, therefore invest today and become a winners for life

    • @Tony.martin831
      @Tony.martin831 11 місяців тому +1

      Investment is one of the ways to succeed in life, you can invest without waiting for government. Invest in yourself and become successful.

    • @user-li6kp7qv5k
      @user-li6kp7qv5k 11 місяців тому

      Crypto currency was my only source of income during the pandemic. However, Elon Musk confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.

    • @natashanile907
      @natashanile907 11 місяців тому

      ​@@user-li6kp7qv5kYou're right, most millionaire didn't get rich through savings and that's why I'm diverting and investing more in digital market

    • @robertl.anderson
      @robertl.anderson 11 місяців тому

      I'm highly devastated, I need help, I lost $15,000 on a live trade what should I do? >

    • @RosellaLCraig
      @RosellaLCraig 11 місяців тому

      ​@@robertl.andersonI highly recommend Expert AVA KIMBERLY, she's my current broker and her working experience is wonderful💯

  • @barthanson3043
    @barthanson3043 11 місяців тому +47

    While everything said is basically true, my experience is that at the very point I hit the bottom, incredible things happened for my wife and I. We are old school and retired now but let me just say if you are living to make lots of money, then you will never be satisfied or happy. It is the climb that you need to enjoy, the view from the top is nice but it's fleeting. Enjoy the tiny little things to be happy.

  • @ianh7710
    @ianh7710 3 місяці тому +4

    Mate you just laid out what I was telling my wife she thinks I'm over exaggerating when I spoke to her about middle class been dead and hance the reason why I'm pushing to have 3 start ups and 15 employees on a fully automated system all responsibilities outsourced while I live peacefully in my tropical rainforest paradise backyard Cheers 🥂 mate.

    • @ceesounds7438
      @ceesounds7438 3 місяці тому

      Sounds like a fantasy

    • @ianh7710
      @ianh7710 3 місяці тому

      Fantastic every fantasy is a thought process if given fruition it becomes word then word becomes physical. If you don't understand that process. You are that fantasy.

  • @Asmodeius
    @Asmodeius 7 місяців тому +2

    its always been like that, rich get richer, poor get poorer. the delusion people get that all of a sudden they can rich and retire at 20 years old is a fairy tale. 99% of people will be mediocre, that is reality of life.

  • @viewzwithdeedelacruz8233
    @viewzwithdeedelacruz8233 11 місяців тому +189

    This is so spot on. Even my "upper income" relatives are stuck building their passive income streams which is exhausting until it establishes itself to really ball out and travel meanwhile they sit with their money lonely and depressed and overworked.

    • @WW-nk7wg
      @WW-nk7wg 11 місяців тому +7

      That's what is wrong in this video. They seem to have just labeled the "middle class" the "new upper income class" in those graphs/charts.

    • @kaizen5415
      @kaizen5415 10 місяців тому

      my upper income relatives got fully injected so_im like their income doesnt matter 'cause theyre outta here soon_they travel & try to impress people in their spare time_otherwise they work work work_for what_i wonder where all of the money will go w/ the people who got fully injected but didnt setup any kind of trust funds because they dont realize they volunteered for 'progressive euthanasia'_the neo-feudalism world coming is gonna be about who has land/property_who has farms/food_thats' it_the whole work for money exchange is over

    • @australianpatriot
      @australianpatriot 9 місяців тому +4

      a lot of rich people spend their time simply trying to make the number bigger, their life isn't all THAT different

    • @jdr4674
      @jdr4674 8 місяців тому +2

      Well observed. I was in this trouble too but recently had a change in views. I no longer aspire to build passive income in order to do nothing. I now aspire to build a rock solid basis and from there on perform fulfilling work as I please.

    • @blackdan0259
      @blackdan0259 7 місяців тому +1

      @@australianpatriot "a lot of rich people spend their time simply trying to make the number bigger, their life isn't all THAT different" Well, I'd rather to focus on how to expand my money into bigger money than to focus how can I pay my food for today, or how can I afford to put myself under a roof today! It is about making it a hobby. I guess you need to look into the perspective of a lot of these rich people ( which they are probably is the first gen rich people) that knows how it sux to be poor, so they keep hustling for more money, it is a lifestyle than necessity! It may be exhausting for you, but it became a hobby for them!

  • @nightmare8162
    @nightmare8162 11 місяців тому +23

    dang dude, you kept it real, im so sick of people saying work harder, try more and so on..., like its all about opportunity nothing more, i mean when you get opportunity you have to try and work hard but most of us will never get that chance.

    • @nightmare8162
      @nightmare8162 11 місяців тому

      and most jobs out there arent even 9 to 5s , i would be ok with that but most jobs are 50 to 60 hour work weeks just to make ends meet.

    • @amosamwig8394
      @amosamwig8394 8 місяців тому

      I dont even listen to that anymore, cause thats a standard default statement has no value, being hopefull that luck will be on my side has more value at this point.

  • @jphottroddlincoln4424
    @jphottroddlincoln4424 3 місяці тому +2

    Just found this channel, I can see why minimalism is a solution for many. Trying to have so much thinking that your life will mean more, is only depending on the market. The 401K is a failure, owning a home is now extremely expensive, the bar is always raised and you feel like you have to work until you die just to make ends meet. I am very hung up on the stuff aspect, everyone wants so much stuff, none of this goes with you. I just buried a relative that had more than I ever will, dies with nothing but a nursing home bill after liquidating her entire life. This channel is a reality check.

  • @nueloblack
    @nueloblack 6 місяців тому +1

    We're watching you work hard! 😊

  • @gregtaylor9806
    @gregtaylor9806 11 місяців тому +69

    ‘If you happen to see an opportunity, and you want to change classes from poor to rich, then you may want to go after it quickly because it’s not going to last forever.
    Make a conscious choice now if you are going to be poor or rich’
    That’s the key takeaway. There is self help, between the lines.

    • @guap8391
      @guap8391 11 місяців тому +2

      So if photography and the arts is what I want to do either start now and go all the way instead of waiting for perfect time..correct ?

    • @nikkyjackson6500
      @nikkyjackson6500 11 місяців тому +2

      @@guap8391Yes

    • @BT-oq6un
      @BT-oq6un 10 місяців тому +4

      This is wrong lol.. there is not and has never been a time limit or “shot clock” for getting rich 😅

    • @JayPeace
      @JayPeace 10 місяців тому

      You may be rich but your kids will most likely blow all of your money anyways. We have to get back to the basics and just enjoy life. Keep it local and stop playing their game.

  • @privateprivate8366
    @privateprivate8366 11 місяців тому +30

    Unfortunately, one of the things I’m glad about is that I no longer have to battle this out with my Boomer mother, as she passed away last year. Because her points of reference of getting a college degree, maybe a PhD, wearing a suit, getting into a decent company, and wearing a suit everyday, had been dying, since long before she did. For her however, and I KNOW other Gen X have gone through this, even through the recession which took me about 8 years to really climb out of, I was simply lazy, couldn’t see the bright side, wasn’t even applying for jobs and, ultimately to be discarded as a bum.
    I earn an OK middle class poor living, as a creative in Pharma. I know I’m poor. I may not be as poor as someone earning half that, but with hyperinflation, I will never be rich. As I am inheriting my mother’s hoarded home, that will be the bill of what I have, for my 5 seconds of retirement, if that.
    I do feel a teensy bit sorry for Boomers though. They’ve stuck to the whole “We we’re the best generation!” all time find out that they’re caught up in the same mess. Although I’m nearing 60, worse is that some of them still feel they’re the best generation ever - as long as they can snatch up the life of a Gen X or younger and rename them Long Term Care + Retirement Funding, just to find out that no one is working their 2+ jobs to fix someone else’s lack of due diligence.
    The woman who lives beneath me? Early retired, now ill, now soon to be evicted and was hoping to latch onto me or another neighbor. Sorry. Certainly aren’t entitled to free, private healthcare on my back, when I’ll be unlikely to retire.

    • @JohnStockton7459
      @JohnStockton7459 11 місяців тому

      Get therapy bro. Disgusting what i just read

    • @hopefully2224
      @hopefully2224 11 місяців тому

      You sound very disrespectful! Seriously your "boomer mother" ?

    • @privateprivate8366
      @privateprivate8366 10 місяців тому +3

      @@russellpeacock yep and some of them don’t mind telling you what nothing you are.
      Even right now, when I go to work, I know that place doesn’t operate like it did, just 5 years ago. Back then, we were working OT, getting things done. Now, I come in and I sit and stare, maybe I answer one email and go home.
      For the “high initiative” types who advise that you then ask for work, first, you’re alerting others that you have nothing to do - red flag. Second is that, there are a lot of others who they and their jobs are gone. The place is half empty. Third is that I’d have to be retrained to do that other work. Fourth is that those who are left may not be utterly asleep so, they aren’t that quick to train someone in what they do. But, if my mother were alive, no doubt, the whole market is my fault.
      At your age, hate to say it, but you’ve got to stop listening to your parents. They may not be in the market, with their butts on the line everyday, seeing what you see, experiencing what you experience. Whatever you say is jibberish to them, because they feel they come with a lifetime of experience and they have no idea how fast things change or even degrade.
      There are also people who have a completely different POV. There’s nothing I see in everyday life that is having an upward trajectory. But there are people who see nothing but up. Maybe their in a different tax bracket. But what they see, has nothing to do with my reality and the reality of those whom I know.
      So, just be observant and realistic. Learn to see patterns and likely trajectories. Because, if you don’t, you’ll be living in someone else’s reality, without the backing to actually support it.

    • @andyc9902
      @andyc9902 9 місяців тому

      Live below your means. And invest

    • @WorldKeepsSpinnin
      @WorldKeepsSpinnin 8 місяців тому

      @@andyc9902 Indeed, Sacrifice short term for long term success. Find exploits in the system, Things they don't want you to know about. Abuse them. Get to their level, But then don't be like them. Get to their positions and then change things. Play smart. Be the same monster but one on the side of good.

  • @Arhnuld
    @Arhnuld 7 місяців тому +2

    Let's break down some of the economics:
    1. Working alone has become less valuable because in younger generations both women and men work, while this was not the case before, when viewed relative to scarce resources which cannot be increased by more productivity. Such resources are limited, so more working people means more household income means higher prices relative to wages.
    2. Housing and other region-bound scarce resources become more expensive relative to wages because in desirable regions the influx of people is higher than housing and infrastructure have been increased in many regions, and can be increased in the near future.
    3. Capital has been made available almost for free during years, and with low interest rates, people and companies who have more capital can borrow more to invest, making the rich richer. Labor has become less valuable in comparison, as wages do not automatically rise with lower interest rates. That's because lower interest rates can be profited from by any single individual, while wages require a coordinated effort to increase, which we've only seen recently.
    The abundance of capital that requires very little ROI has also directly and indirectly (through higher government tax income) caused low productivity jobs to fill out the labor market, essentially causing 'full employment' but with lower productivity.
    This has also put more upward pressure on house prices. I cannot stress enough how much 1, 2 and 3 are related and at the core of the economic situation.
    4. People who don't work, but for example receive pensions, or benefits are not contributing to productivity but can spend money. Aging populations have a pressure towards less supply, more demand, but only in part of the economy.
    This has been predicted for a long time (since before WW2 for sure, ever since the pension system was started this has been the main point of criticism).
    5. Then we also have more older people dying, putting wealth that has often been unused (their savings & home) through inheritances into the hands of younger people of who many would actually want to spend that money, to for example move to a bigger house (or other investments/assets) or just general consumption, further increasing inflationary pressure in those areas, such as the housing market.
    This was my observation during the past 8 years and I've been calling this out since 2015. Back then we were in a good place to prevent all this by limiting immigration and increasing interest rates.
    We are now actually in the time where things can be turned around since the system is under too much pressure and more people are recognizing that there might be a problem. Those who studied history know it is usually like this: things have to get really bad before they get better.

  • @kwantumspin
    @kwantumspin 4 місяці тому

    killer clarity . !

  • @RJRussoVids
    @RJRussoVids 11 місяців тому +282

    There is a lot of truth to what TL is saying here. And I say that as a Gen X millionaire. I feel like my generation may be the last one to be able to apply the model of wealth building by getting an education (which was reasonably priced when I went), getting into the corporate world and moving up the ladder. Unfortunately the rug has been pulled out from under us Gen X’ers before we could get to the retirement finish line. Then again, every generation has its own challenges to face. You can still make money, but you have to keep your eyes and ears open, be willing to learn at all times and be willing to change course at all times.

    • @THEREINVENTION_
      @THEREINVENTION_ 11 місяців тому +17

      I think gen z and x will have to work together and fight back the older generation that has put this in place will eventually die off but we have to plan

    • @user-fb8jb5yi6g
      @user-fb8jb5yi6g 11 місяців тому +15

      You summed up my gen x experience exactly. Looks we we are about ready to get chopped off at the knees. Thank God I grew up poor and learned being broke sucked. Saved and invested hard my entire adult life. At least I have some cushion to land on. Many of my peers do not.

    • @prefixsuffix
      @prefixsuffix 11 місяців тому +2

      ​@@THEREINVENTION_
      How ?
      I'm all ears.

    • @hitmonlee6062
      @hitmonlee6062 11 місяців тому +2

      @@THEREINVENTION_ Yea, with all that better healthcare and stuff we might be in for a loooooooong ride boi. People living over 90 these days isn't uncommon. We'll have to support their retirement quite some time.

    • @markklatt1670
      @markklatt1670 11 місяців тому +9

      All you did was have a double credit cycle at the end of the long-term debt cycle. No one was "smart". They just understood money, which wasn't taught. Now that people understand money, we're not allowed to use it

  • @JohnSmith-bm6zg
    @JohnSmith-bm6zg 11 місяців тому +101

    This is one of the greatest youtube videos ever produced.

    • @eternal5154
      @eternal5154 11 місяців тому +2

      I agree and it's only $1.96 as we speak. 👁️🦢🧀

  • @henrypoutu2725
    @henrypoutu2725 28 днів тому +2

    Techlead where are you???????

  • @SinlowMusic
    @SinlowMusic 6 місяців тому +1

    Also… fantastic video. You are extremely intelligent and blunt.

  • @StateoftheMatrix
    @StateoftheMatrix 11 місяців тому +58

    I tried on occasions to convince people of some of this phenomenon starting 20-30 years ago, and people hated it, and argued and probably still do, but it is WAY more relevant today, and you did well explaining it.😔 What's it like thinking this way for so long? You don't get caught up in the BS that's based on hot air and leads nowhere and ends up ruining some people's lives, particularly when they were overly committed and naive. Ultimately you need situational awareness; this doesn't happen if you narrowly focus on positive psychology, for example. You need a robust capacity to handle uncomfortable information without it causing you dissociation, etc.

    • @dungeonmaster6292
      @dungeonmaster6292 8 місяців тому +1

      Damn dude that last part.

    • @bskee001
      @bskee001 8 місяців тому

      Very well said, especially the last sentence.

  • @xitrum168
    @xitrum168 11 місяців тому +71

    After studying, living and working in some countries, I came back to my home country - Vietnam.
    At the beginning I was quite upset because it occurs many issues. However, it is less pressure for living, and the international trade is shifting and Vietnam has been attracting many international investors, which is proofing that my decision was not bad at all.
    I am willing to cooperate if there is anyone here finding business opportunities in my country ;)

    • @gregtaylor9806
      @gregtaylor9806 11 місяців тому +1

      I’m looking for street wear manufacture and graphic design work if you have any connections

    • @MM-hd6xo
      @MM-hd6xo 11 місяців тому +2

      What issues if I may ask?As a foreigner living in Vietnam for some time I must say there really are no issues. The housing is like 200$/month for a decent western-style condo, politically there is peace & stability, the visa requirements are fair for most countries, crime is lower that 99% of the world including 1st world...yes doing business as a foreigner you need to have 50% of shares owned by a Vietnamese person, that is perhaps the only issue...but there is always Thailand next door where foreigners can own 100% in local companies.

    • @ashishtiwari1912
      @ashishtiwari1912 11 місяців тому +2

      @@MM-hd6xoit is cheap for westerners because you guys earn in dollars.

    • @smokescreen2146
      @smokescreen2146 11 місяців тому +1

      Where you get the money to study and live abroad? You must be a Viet Cong.

    • @xitrum168
      @xitrum168 11 місяців тому

      @@MM-hd6xo Hi, I am happy to hear that you are happy to live in Vietnam. I also stressed that it is less pressure to live in Vietnam compared to other well-developed countries.
      The issues I would like to mention are the other ones, including a lack of long-term plans for infrastructure, low level of transparency, lacking support for research and education.. etc,.

  • @MoistPancakes
    @MoistPancakes 6 місяців тому +29

    Man I needed this video. My 9-5 job with insurance is the only thing keeping me a float. None of my side hustles have paid me anything. In fact, I’ve lost capital. I have also lost mountains of time. Maybe I should accept that I’m gonna be poor and enjoy it.

    • @chuckdude514
      @chuckdude514 4 місяці тому +5

      Klaus liked that.

    • @erf2324
      @erf2324 4 місяці тому +1

      ok but what about the experiences you gained through your side hustles? I like investing, I have not earned a lot, but I understand the financial world way better now thanks to that. Would not call it waste of time, better than scrolling

    • @MoistPancakes
      @MoistPancakes 4 місяці тому

      @@erf2324 Valid points for sure. The main thing for me was the lost $. I am still doing ok because my 9-5 is a good job and I live with my family. However, no Denying I would be in a better financial Position if I didn’t spend over $3000 on failed drop shipping. At that point, it may have been better to scroll. Depends on how you look at it I guess

    • @ExtremeZ8
      @ExtremeZ8 3 місяці тому

      It’s pretty normal that u will fail often before u make any money with sidehustle/startup/entrepreneurship

  • @NDP719
    @NDP719 3 місяці тому +5

    You might be the reason someone gave up on life altogether, well done!

  • @riveralvarez7517
    @riveralvarez7517 11 місяців тому +451

    Being a UA-camr you can make decent money, that's like one of the best jobs currently. It's like running your business, and you just need to give people what they want. It's like businessman offering product/service that people want or need. Of course it can be tough to start your channel, but there is now so many tools (like Famester for example), which helps you to kick start your channel and never worry about algorithms.

    • @judymyers1934
      @judymyers1934 11 місяців тому +2

      Thanks for the tip!

    • @dannyVulture
      @dannyVulture 11 місяців тому +25

      I feel that having a YT channel is much more time consuming than having your regular job/ career. You're right, it's like running a business and the owner has to put in a ton of hours to get things off the ground at the start.
      Another great money maker is investing in dividends while feeding your passive income growth through your regular job. But that's another several years grind for the payoff

    • @samuelbeatsminecraft2049
      @samuelbeatsminecraft2049 11 місяців тому +2

      @@dannyVulture I got a lot of money right now. I want to scale it in atleast 1 month's time. Tips, tricks advice? Or can you reference someone who can help me scale?

    • @johnpepple3456
      @johnpepple3456 11 місяців тому +27

      My wife was advising a woman in the Philippines on how to make money, and she suggested being a UA-camr. The woman finally got enough subscribers to the point where she was making money. The problem was that it was only a few pennies. Some people will do well as a UA-camr, but most won't. The woman now buys cat food in bulk and sells smaller portions to her neighbors. It's a lot more lucrative for her than being a UA-camr.

    • @Exterminator19861
      @Exterminator19861 11 місяців тому +26

      Thats Bs .How manu UA-camres actualy make any money ? Its low number af . If you see one in a million guy did money on UA-cam .it dosent mean everyone can be thare .Its quite limited place with alot of people wasted thair lives completely .

  • @youtubemustafa76
    @youtubemustafa76 11 місяців тому +245

    I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *VRI TOKEN* is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem

    • @kclaiborn6257
      @kclaiborn6257 11 місяців тому +1

      >> I feel that the last bull run was bolstered by all the money being printed.

  • @dovid729
    @dovid729 7 місяців тому +3

    what is blud yapping about

  • @hashimthedream3581
    @hashimthedream3581 6 місяців тому

    Great analysis

  • @geminisneverlie
    @geminisneverlie 11 місяців тому +30

    The black mirror episode “15 million merits” imo best paints a picture of the future (albeit a hyperbolic picture) where the new class system is essentially based on your ability to entertain and influence others via media. If you’re not an influencer of some kind you’ll end up a mindless consumer doing meaningless tasks to earn digital currencies for meaningless items. If you are an influencer than you get to experience a more expansive yet still limited reality where you still don’t truly own anything but you get more access and more “privileges” than the working class.

    • @piggy4651
      @piggy4651 11 місяців тому +15

      thats already kinda a reality, influencers make millions, the company hosting the influencers make billions, and the consumers get nothing and waste all their time and attention.

    • @exelmans8855
      @exelmans8855 10 місяців тому

      @@piggy4651 Facts.

    • @friendlyanomaly6109
      @friendlyanomaly6109 10 місяців тому

      "Dance for us monkey."

  • @finanzhead
    @finanzhead 11 місяців тому +77

    Even after hundreds of videos I don't know how much sarcasm is put into this video 😀
    Funny fact: You're describing what happens in Germany since years - middle class is basically vanished here...
    Waiting for the next video, title idea "Make money when no one is making money."

    • @EnderViBrittania
      @EnderViBrittania 11 місяців тому +6

      @@WhyteHorse2023 Wrong, he is obviously being at least semi-sarcastic. This is social commentary. He is saying people these days are stupid and unmotivated and lazy, they are superficial and entitled and not willing to work hard. And as a result, society has lots of problems and it is over… unless the culture changes.

    • @chrsl3
      @chrsl3 11 місяців тому +1

      Yes and he said it in the vid: "maybe set up some passive income stream..." thats the big art now. On the one hand he is right, everything gets harder. On the other hand I always think: in other times, like right after WW2, it hasn't been easy too.

    • @MRKetter81
      @MRKetter81 11 місяців тому +9

      @@EnderViBrittania How the hell can you tell, cause from many in the job-market right now he didn't propose one fallacy? Even if he were sarcastic, all of his sarcasm is so damn close to reality you couldn't tell the difference. He's a shovel salesmen in a dry mine and if there's opportunity in this hyper competitive market at the end of the Pareto distribution who the hell could keep up other than those riding the wave?

    • @mikexhotmail
      @mikexhotmail 11 місяців тому

      @@EnderViBrittania Indeed. It's parody+sarcasic in one move.

    • @truthfuljoe
      @truthfuljoe 11 місяців тому

      @@chrsl3 After WWII was a boom time after the first year or two. The US had some of the best GDP growth prints in its history. It was a golden age. Now the only way we get positive GDP growth rates is with an even higher inflation growth rate and trillions of new debt.

  • @user-cf4fr7hq7j
    @user-cf4fr7hq7j 7 місяців тому

    I like your approach nice👍

  • @brane4175
    @brane4175 День тому +1

    I think maybe around 60s or 70s depending of a country there was prosperity and growth but it was just a moment in the entire human hostry which is normally drama.

  • @emirsarkaya-mn5fu
    @emirsarkaya-mn5fu 11 місяців тому +237

    Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.