Thanks Bright Cellars for sponsoring this video and for the limited-time offer! Click here brightcellars.com/howmoneyworks to get $110 off your subscription.
There is one thing that's always missing: You should not base your decision to change jobs solely on earning prospects. Instead you should look at overall value proposition because being miserable in exchange for money is imo not a good trade.
@@f3n1xplat3ad0 If you can make it two years without lasting damage. Bad jobs can easily cause depression, burnout or other major health issues and the break you'll need to recover can hurt your career more than just working a job you like with lower pay. This doesn't include horribly paid jobs of cause. Any job that doesn't pay a living wage is by definition a bad job.
@@user-hv6wb5gk8p I can confirm. 6 months in problems started at my first job with a contract of indefinite time with my colleague. (small team so yeah that's even more fun). I applied for the same position at a different location and department and got it. Took around 6 months though between problems starting and starting at the new job and I can guarantee everyone that working someplace with a bad work atmosphere is not easy and it's probably not easier when you don't have a better deal in sight. I had the promise of a new job and a better deal for a decent part of those six months to help me pull through and it still did a deal on me. Wouldn't have taken a lot more for me to file an official, written complaint which of course would open a whole new can of worms that I partially due to the new job did not consider worth opening. So to summarise don't blindly follow the money. Even a short time working somewhere with a horrible work environment can cause a lot of stress. A week let alone a month goes very slowly when you have to spend eight hours working with people you start to loathe more and more with each passing day.
Avoid jobs that make you miserable, but also avoid trying to make your hobbies into a job and then constantly worrying about money and turning something you enjoy into hell... Just find a job that you kind of sort of like doing, the kind of thing you wouldn't do for free but you also don't hate doing it. Do I really want to design a website for yet another fast food restaurant? Not really... But if the pay is good, the work time is flexible, and I get treated with respect, then it isn't a bad gig. Then when I am finished I'll go play my guitar that is most certainly not a good way to make money. Also, it is nice having steady money to pay for the things you actually enjoy. TLDR : Find something in the middle.
Success hinges on the actions or steps you undertake to reach it. Accumulating wealth entails fostering positive habits, such as consistently setting aside money at intervals for robust investments. Financial management is a critical subject that many tend to avoid, often leading to haunting consequences in the near future. I hope that whoever reads this achieves success in life!
Beginning early is unequivocally the optimal method to get ahead in wealth accumulation; investing remains paramount. Drawing from my experience last year, initiating early investments enabled me to construct a more fitting life this time around.
I have been investing in the markets for over 3 years now and I have made nothing less than $400k in ROI. My portfolio has grown exponentially. Will advise you to consider stocks investment. `
”Stacie Lynn Winson” is the lady's name. I first saw her on a goldman sachs' report, then on Smart Advisors, and immediately looked her up on the internet; it was the best decision I've made to stay afloat in these crazy times. She has been outstanding.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
This channel has completely changed my outlook on life and finance, more than any book or mentor or anything, this channel is better than any mentor i can ever have, people seriously underestimate the internet
@P Doing without knowing what you're doing is also a waste of time. Learning through trial and error is a lot slower than just doing what's been proven to work
Once you understand how stuffs work behind the scenes, you will have a complete different view to basically everything, I bet you will actually have a opposite opinion after you learn that. The world is just crazy. I learned religion, F that all are cults, I learned nutrition, F vegan sh1t, I learned money, this is like the most important thing to learn how it works, it controls everything you see behind the scenes.
Actually love how brutally honest you have been with your motives HMW, your videos feel way more sincere since you actually address your motives in what feels like a truthful way, been watching since early 2020 and have liked every single video you posted!
I was working at a job for the past year, developed really well and should have been promoted to a better role this year. The 1 year mark came and they wanted me to stay in the same role with a 10% raise. I quit, found a new job that suited my skillset very well and they've offered 60% more. Point is, if you know your skills are valuable, don't wait for the opportunities to come to you. Go and find out what other employers think you're worth.
Which is ridiculous. If you leave your job because they didn't value you and pay you what you're worth, they will have to hire a new person who more likely than not, want competitive pay. So either way they have to pay. They should have just kept you originally and payed you what you're worth than go through all the extra hassle. I don't think I'll ever understand people who run these businesses.
Hehe. I just threaten to quit and tell them what my offers are with paperwork that outlines what I would get elsewhere then ask “how close to that can we get”. Works like a charm every 2 years. It’s good to be in demand.
You missed the fundamental point of the video. He is essentially just another perspective to get your attention for ad revenue than the rest that gives you what you want to hear.
This is why I like Ramit Sethi, the book “I will teach you to be Rich” isn’t actually about becoming rich but trying to live a rich life. He basically cuts down your expectations about becoming a bajillionaire and tells you to plan for retirement and enjoy the life you have.
Which actually is a great thing because most of us won't ever see a million in our bank account if we get a decade of high inflation until we retire if ever. Doesn't mean we can't try if we want but statically we won't become one just like that.
I moved from my former employer making $65k to a $85k position. My former employer gave me a raise to $67k and acted as if they had to move heaven and earth to get me to $68k. I quickly left shortly after. Since leaving college, I've worked my way up from $45k to now $88K by not working hard at one company, I do just enough to look "good" then jump to the next company in every 1-2 years. Glad to see a video about this!
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
@@Anonymous-ld7je The job hopping is bad myth is probably also a boomer remnant to when loyalty was expected, and the "Gold Watch" era. I've been with a company for more than 10 years now and I'm afraid I'll get asked, "Why did you stay so long?" 😂
There is a good trick to detect someone trying to rip you off. 1 - concider that person you know less than a few years is stranger. 2 - If a stranger tries to make relations personal, or use emotions as convincing factor - it is a trap. 3 - if you invested in the trap, expect to loose everything you going to give out. Unfortunatly, it generates an excessive alergy on adverts and group activities.
I work in Compensation. My job is literally to tell managers how much to pay people when hiring, promoting, etc. This was probably one of the best descriptors of how to get ahead in a career out there. Fake the funk, learn how to interview well, and move around every 2-3 years.
I want to add one more thing here. Turning a passion into a side hustle is a double-edged sword imo. It's really cool to be making (part of) a living on what you love, but if it becomes a stressor, you might start to resent it. That saying "If you do what you love, you'll never work a day in your life" is nonsense. A labor of love is still labor.
"Priorities determine problems. If youre not satisfied with the Problems you currently face in your life, then take a long, hard look at the Priorities that put those problems there." - - Mark Manson
I think it depends on how you approach it. I turned my hobby into a side business and thoroughly enjoy it. It makes me a couple thousand extra a year too so its great side income, but I think if I were approaching it in the sense that I wanted to make it my full-time job, then I probably would be miserable. I think the sweet spot is working a stable job you enjoy and having a passion project on the side.
@@st4rg4z3r01 oh most definitely. I'm happy for you! And I'm still in school, but I'm trying to build a career in a field I'm passionate about, as well as cultivating some passion projects on things I like as well. I feel like expectations might also be a factor. If you're going into something with those rose tinted glasses, you're going to be disappointed, and probably even feel betrayed by your interest.
After 20 years with my company, I'm earning less than new hires who have significantly less industry knowledge. I tell myself that my pension will pay off in the long run (and it will definitely help) but mostly I stay because I'm comfortable where I'm at and get anxious when thinking of starting over somewhere else.
This is where my parents are and they stress about their jobs all the time. I try to tell them to start applying to other places to get a fat pay raise and a less stressful job but they're so used to the company's they've worked for their whole lives to leave. They still believe in company loyalty and the corporate bs. When I try to help, they tell me that I don't know what I'm talking about even though I make more than them. It can be annoying for sure
@@LAZERZ-OP I'd like to think I would leave if I was stressed but I'm not sure. I have a good boss and don't really have any issues other than the pay. I also enjoy having the reputation of being an expert in my area and fear I wouldn't have that at another job.
@@vicvic2081 I don't want to make out like I'm struggling or anything. I work in IT, make plenty and am able to save 35%. I'll be perfectly fine. I just know I could make a good deal more if I changed jobs.
Thank you. I’m so tired of “financial channels (this is not financial advice)” that want to claim “they seen it coming” and “UA-cam removed my video about it” then push “join my discord” and/or “join with membership” oh, and my favorite “my course”. And those that want to “breakdown” todays chart. If you see it coming,say it. And show you believe the crap you spew by exposing your trade without a paywall. Those rolling in dough have better things to do with their life besides spending hours recording, and hours of editing a day. Fake gurus begging for money.
About the company loyalty: The inferior pay might be worth it if you like the job and your coworkers are your friends. I personally bounce around between temp jobs and there is a lot of drama and unemployment involved that isn't fun.
Being an above average employee for too long just leads to you becoming a middle manager stuck there forever. Never stay longer than 2-3 years unless it's your company.
(8:35) This is so true. I remember reading an article about a successful scammer. One of the things that shocked people is he went after doctors and lawyers. Poor people have any money to take.
This is a very fair assessment. Appreciate you sharing. As I have gone through the journey I continue to realize just how fluid this world can really be and how there are many sides to the coin. Just as some do not care if you get rich others in the depths of their soul do care. Keep up the amazing content, I appreciate your perspective 🙏
He picked on him, Andrei, Kevin and Jeremy because of their FTX involvement, which is fair, imo. But people that listen to them (or, heaven forbid, Alux), rather than people like Ben Felix or The Plain Bagel, are going to get conned by someone.
I've realised that your 'side hustle' should be related to your main job or be a passion project. Took me far too long to realise that a 'side hustle' is basically a full time second job without any benefits. For example, if you're a programmer at a company, your side hustle should probably be maybe making websites or something. A backup plan within the same skillset. or maybe you make and sell art, but because it's your passion. The way these people sell it, is like you're a doctor working in a clinic, and your 'side hustle' is designing and selling tshirts, which requires a considerable time and effort and a unique skill set which you may not possess. Developing that means you end up doing two jobs and not making much money in either. Also, another thing I learned that a real, worthwhile investment usually takes a decade or more to actually pay off. I have a few that I won't see any profit from till i'm almost 40 (25 now). But that's precisely what investing is.
As per investing slow and steady wins the race, virtually every get rich quick gimmick (meme stocks, crypto, NFTs) produces a few big winners, who obviously flaunt their success and at least a 100 losers, who of course don't talk about their failure. I'm over 30 and can confirm it's the long-term investments that pay off, compound interest is real, make it your ally.
The big advantage to a side hustle, is it gets you experience outside your industry, which makes it easier to pivot should you lose your main job due to an industry recession. If you like accounting more than plumbing, but you like plumbing more than being unemployed, supplementing your work with some contract plumbing on the weekends isn't a bad move. It kept my uncle living comfortably in his later years, when his 20-year chiropractic business failed. And we can't forget, overtime is usually not an option. If you're hourly, over-time is usually restricted. If you're salaried, you get paid the same no matter how many hours you work. If you work overtime, you might get promoted, or your boss might see you producing more, raise the bar for everyone else, and make working overtime the new standard.
Time is always changing and time influences investments, so therefore its logical to assume that it would be virtually impossible to re-produce the same situations since time and state has changed. You are not executing the same technique in the same conditions. Moreover, many of these "opportunities" typically hide some risk that may not be self-evident unless you apply the technique and find your loosing.
a lot of these "opportunities" work best for people who have high paying jobs and a lot of stability, but they are advertised to people on the poverty line who can't risk money and have little time.
This is why I love watching your content. You being honest about your motives and all that kind of thing is really good for me, and helps me to learn stuff from your channel whilst not buying into any bullshit other creators sometimes spout. If I wasn't already subscribed, now is the point when I'd do so. Keep it up!
The advice in this video will be useful for my future, even though I am only 20 years old. And I learned from this video that money is not scarce, but trust between each human being in the working field.
Something I honestly have to remind myself every day. I was paying for a business coach and was trying to make content and all that, but was just getting burnt out on that and wasn’t seeing any upsides other than this coach helping me quit my outpatient physical therapy job and getting a job with home health PT where I make a lot more. I’ve definitely challenged my thoughts and views on finances since finding your channel so thanks for the great content and information
One interesting point, I discovered if you swap jobs enough you will actually hit the ceiling for your skill set. If you flip jobs a few times and discover there is minimal financial benefit, you have hit the ceiling. At that point you need to develop new skill sets or move into a new role which offers more money.
lol, I thought it was more on the fact that I dont care if others are rich, I just want to be able to afford time to work on my hobbies, take care of my health and family not worry about losing my home.
You want us all to think you are a reliable source of income...yet you don't know the difference between Mel Brooks and Mel Gibson 🙂 Of course, I still come back every week to watch your videos...it's actually a highlight of my week when one comes out, the brutal honesty is refreshing on YT 😛
So TRUE, I switched two jobs since 2020 and earned 32% more than my Salary that I was making in 2019 and you can only become miserable at a job if you stay there longer than 1.5 or 2 years if you know that the time to leave is coming soon then you don’t care much about your duties and have a chill life and guess what this is coming from an Executive Recruiter 💯
This should be a mandatory mindset for anyone who surfs the internet. I know someone who is a practicing doctor and also happens to have a lot of money. He got involved in fast money-making schemes such as crypto, masterclasses, and investment advice from gurus. It baffles me how a man who worked so hard for his money can be so gullible as to believe someone on the internet whom he doesn't know personally, cares so much about his financial stability and fruitfulness to offer him advice on how to make better money. I advised him multiple times not to follow these influencers, but I had to swallow the red pill that you can't save someone who doesn't want to be saved.
'One of the most reliable ways to make a lot of money is to pretend to be rich and convince people you have the secret to financial success' - for sure, that is the secret of personal success at all stages of life. Ultimately, your 'customers' (might even be your kids) want the assurance that you are 'selling them' something positive whether it is a product or advice.
Most people will always be working class. That's just a fact of life. Nothing wrong with making an honest humble living. Those are the people that keep the lights on, that keep the shelves stocked and the machine running. If everyone was a millionaire, the machine would shut down.
Comanies also value new customers more than existing customers. They give them better deals. Pro tip: tell the customer support agent that you are planning to leave, they will hook you up with Retention who will give you a sweetheart deal. I guess that will also work for employees, give out hints that you are looking for a new job, that salary raise you coveted will suddenly not be out of reach.
In all honesty, I don't care about your financial advice. I just subscribed because I'm caught up on my usual channels and I need a semi-funny voice to help stave off the crushing anxiety of life.
My side hustle makes as much as my primary job. I work in software sales and started a side business building software. Overtime isn't an option, can't ask for more territory, no one picks up after working hours - so the whole side hustle vs. primary job debate isn't broadly applicable.
I know it sounds cliche but the truth is do what you want money will follow if you provide some kind of value people are willing to pay for. I’m not 100% sure that works for everyone but it works for me. And I’m not sure what anyone else’s definition of rich is.
In Belgium 1/10 have a small business and it’s the backbone of our economy. I understand what you mean, but not all smal business is a scam. Not for everyone but it can be a good choice.
Рік тому
Yo, I wanted to buy the hoodie but why there is no link to it??? :O
While it's true that other people generally don't care whether you get rich, they aren't generally opposed to it either. There are certain businesses where they should have a vested interest in seeing your money grow, like wealth management. If they didn't help anyone, people would stop trusting their money with them and they'd go out of business. Presumably. Fiduciary duty is a whole topic on this as well.
So what is the real way to get rich? It’s not about being overly intelligent or skilled. It’s having an idea you can sell to others and make other people work on your dream for you. Can we get a video how to start a successful business. Not all business is nihilistic
Well, if one wants to get rich it wouldn't be from a day job. Personally, I found my dream job, boring as hell and get paid well enough to cover my cost of living and fun outside of work. I wouldn't necessarily benefit from higher salary boost unless I move to the next pay tier, but even then, I wouldn't know what to do with the extra cash.
Or you could be a slacker at work and your boss loves you and keeps giving you top tier ratings cause he knows you can make 40% more at a competitor. First they convert your contract to remote only, then they give you rsus, then reduce hours, and recently pay for courses to take at work when you inevitably finish the assigned work in 2/8 hours. I always interview and have gotten offers as high as 35% more, but honestly, I am enjoying this game of throw more perks to prevent you from leaving. Now there are talks of a 4 day week for the team.
Although the little illusionary shiny objects won't hurt, I have digressed from the pursuit of financial riches and only focused on my wealthiest of health & happiness. & that I can do without painful suffering.👏🏿🖤✔️ thanx for the message otherwise.
But what's so wrong about putting investments into equities and index finds, REITs, Treasury Bonds, etc? Especially if you're young, hell go all out equities if you want to. 401Ks and IRAs are not "best practices" of personal finance
Could you please do a video on best practice for job hunting whilst employed somewhere else? How does one get references from their current employer when looking around for another? People I have spoken to about this "job switch on average every two years" strategy have told me they're worried that they would be given bad references or let go if their current employer knew they were shopping around. Perhaps you should make a guide on how to tactfully court new job opportunities whilst working for a competitor.
The Askamanager blog has a lot of advice on job hunting. If you're really worried your job will give you a bad ref for leaving early, that's a sign you should get out ASAP so they don't trap you forever. It doesn't hurt to look, but be careful not to use company phones, laptops, or email addresses for anything related to job hunting.
I actually underestimated how much employers gossip about people in the workforce. It seemed like every employer I transferred to already discussed me - it was basically hopping from one condescending, gossiping boss with an inflated ego onto another one who's the exact same thing.
As a former long time sml biz owner and employer Id say don’t generalize. Staff gossip too. Our loyal hardest working employees did the best and stay in touch.
A side hustle doesn't need to make as much as your main job, and getting a second job isn't always as practical/convenient as a good side hustle. Not every job has the opportunity to do overtime or otherwise work more for more money. Also, the idea that a side hustle is meaningless if it doesn't make as much as your main job becomes increasingly unrealistic as you earn more money. Someone making $85,000 a year would find it difficult to meet that criteria.
There's an old book, "Looking Out for Number One" by Robert J Ringer. He has this chapter where he makes this same argument. He says, anyone who has the secret for easy wealth isn't going to tell you. Why would they? They'll keep the secret under lock and key and use it for themselves. He even opens the book with this assertion. I'm writing this book to make money, that's it. This is a value for value proposition. You get something from reading the book and I get something from you buying it. Hopefully, its a worthy transaction for the both of us.
Curious if the job statistics regarding wages factors in 401k matches and other benefits. Moving jobs every 2 years means you are basically throwing away 3-6% every year
And I don't care if you go broke. Snark aside I appreciate the honesty and pointing out how hustle/bro culture/side hustles are generally a bad idea as is trying to time the markets vs. dollar cost averaging. Cold hard facts are superior to fantasy every day.
Parasocial relationships aren't inherently unhealthy or considered a mental illness or anything like that. Most people have them at some point, so it's actually pretty normal. I do think it's wrong for influencers to take advantage of their own fans.
Thanks Bright Cellars for sponsoring this video and for the limited-time offer! Click here brightcellars.com/howmoneyworks to get $110 off your subscription.
So you really do care if we get rich. You want us to be rich so we can by from your advertisers.
Where is the link for the hoodie? :)
@carosullivan5567 her availability is on (face book)
@carosullivan5567 Catherine S. Woods
There is one thing that's always missing:
You should not base your decision to change jobs solely on earning prospects.
Instead you should look at overall value proposition because being miserable in exchange for money is imo not a good trade.
It's not a good trade for a long haul. Maybe up to 2 yrs. Then it gets old.
@@f3n1xplat3ad0 If you can make it two years without lasting damage. Bad jobs can easily cause depression, burnout or other major health issues and the break you'll need to recover can hurt your career more than just working a job you like with lower pay.
This doesn't include horribly paid jobs of cause. Any job that doesn't pay a living wage is by definition a bad job.
@@user-hv6wb5gk8p I can confirm. 6 months in problems started at my first job with a contract of indefinite time with my colleague. (small team so yeah that's even more fun). I applied for the same position at a different location and department and got it. Took around 6 months though between problems starting and starting at the new job and I can guarantee everyone that working someplace with a bad work atmosphere is not easy and it's probably not easier when you don't have a better deal in sight. I had the promise of a new job and a better deal for a decent part of those six months to help me pull through and it still did a deal on me. Wouldn't have taken a lot more for me to file an official, written complaint which of course would open a whole new can of worms that I partially due to the new job did not consider worth opening. So to summarise don't blindly follow the money. Even a short time working somewhere with a horrible work environment can cause a lot of stress. A week let alone a month goes very slowly when you have to spend eight hours working with people you start to loathe more and more with each passing day.
Avoid jobs that make you miserable, but also avoid trying to make your hobbies into a job and then constantly worrying about money and turning something you enjoy into hell...
Just find a job that you kind of sort of like doing, the kind of thing you wouldn't do for free but you also don't hate doing it.
Do I really want to design a website for yet another fast food restaurant? Not really... But if the pay is good, the work time is flexible, and I get treated with respect, then it isn't a bad gig. Then when I am finished I'll go play my guitar that is most certainly not a good way to make money.
Also, it is nice having steady money to pay for the things you actually enjoy.
TLDR : Find something in the middle.
then i just want to sit and click buttons. unfortunenately not enough noney out for these kind of jobs
Success hinges on the actions or steps you undertake to reach it. Accumulating wealth entails fostering positive habits, such as consistently setting aside money at intervals for robust investments. Financial management is a critical subject that many tend to avoid, often leading to haunting consequences in the near future. I hope that whoever reads this achieves success in life!
Beginning early is unequivocally the optimal method to get ahead in wealth accumulation; investing remains paramount. Drawing from my experience last year, initiating early investments enabled me to construct a more fitting life this time around.
I have been investing in the markets for over 3 years now and I have made nothing less than $400k in ROI. My portfolio has grown exponentially. Will advise you to consider stocks investment. `
I've been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
”Stacie Lynn Winson” is the lady's name. I first saw her on a goldman sachs' report, then on Smart Advisors, and immediately looked her up on the internet; it was the best decision I've made to stay afloat in these crazy times. She has been outstanding.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
This channel has completely changed my outlook on life and finance, more than any book or mentor or anything, this channel is better than any mentor i can ever have, people seriously underestimate the internet
Because you’re smart enough to differentiate between rock-solid info and complete garbage. Not everyone is…
He’s good but he doesn’t give a lot of actional advice you get more of it with even Kyosaki
Quality content and entertaining. Gotta love the channel
@P Doing without knowing what you're doing is also a waste of time. Learning through trial and error is a lot slower than just doing what's been proven to work
Once you understand how stuffs work behind the scenes, you will have a complete different view to basically everything, I bet you will actually have a opposite opinion after you learn that. The world is just crazy. I learned religion, F that all are cults, I learned nutrition, F vegan sh1t, I learned money, this is like the most important thing to learn how it works, it controls everything you see behind the scenes.
Actually love how brutally honest you have been with your motives HMW, your videos feel way more sincere since you actually address your motives in what feels like a truthful way, been watching since early 2020 and have liked every single video you posted!
something feels oddly sheepish about this comment although i do think ur all right
I was working at a job for the past year, developed really well and should have been promoted to a better role this year. The 1 year mark came and they wanted me to stay in the same role with a 10% raise. I quit, found a new job that suited my skillset very well and they've offered 60% more. Point is, if you know your skills are valuable, don't wait for the opportunities to come to you. Go and find out what other employers think you're worth.
Damn, 60% is huge! Congrats man!
Which is ridiculous. If you leave your job because they didn't value you and pay you what you're worth, they will have to hire a new person who more likely than not, want competitive pay. So either way they have to pay. They should have just kept you originally and payed you what you're worth than go through all the extra hassle. I don't think I'll ever understand people who run these businesses.
Hehe. I just threaten to quit and tell them what my offers are with paperwork that outlines what I would get elsewhere then ask “how close to that can we get”. Works like a charm every 2 years. It’s good to be in demand.
Great
Dumbs and wrong dumb and wrong
"If they want you to get rich, they are trying to sell you something."
- A salesman
This really makes me feel like you care about me and want the best for me and my financial well-being.
You missed the fundamental point of the video. He is essentially just another perspective to get your attention for ad revenue than the rest that gives you what you want to hear.
@@stamzthehuman897 And you missed the joke.
@@Takran You're sure it was a joke? the transparency makes his self interest seem self interested...
@@stamzthehuman897 jokes on him i use vanced.
@@stephenb7829 I use revanced lol
And I don't care that you broke your elbow
Ahahahahahahaaaaaa
😂
That video came out right after I broke my elbow and got 7 screws and a metal plate to hold it together.
@@NickVetter who
😮
This is why I like Ramit Sethi, the book “I will teach you to be Rich” isn’t actually about becoming rich but trying to live a rich life. He basically cuts down your expectations about becoming a bajillionaire and tells you to plan for retirement and enjoy the life you have.
Which actually is a great thing because most of us won't ever see a million in our bank account if we get a decade of high inflation until we retire if ever.
Doesn't mean we can't try if we want but statically we won't become one just like that.
@@xman7695 Oh, we'll all see a million in our bank accounts. Problem is that will be the cost of a single egg.
@@blazingfuryoffire1 One million zimbabwean dollars
I moved from my former employer making $65k to a $85k position. My former employer gave me a raise to $67k and acted as if they had to move heaven and earth to get me to $68k. I quickly left shortly after. Since leaving college, I've worked my way up from $45k to now $88K by not working hard at one company, I do just enough to look "good" then jump to the next company in every 1-2 years. Glad to see a video about this!
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
Lmao this has to be a millenial thing because i do the same thing 😭😭😭 idk about you but when i do good at work the attention lowkey bothers me. Because you know this isnt reflected in my salary so a pat on the back isnt really doing it for me. Im glad im not the only one
what field and country do you work in
@@polyteky as a data analyst in California.
@@Anonymous-ld7je The job hopping is bad myth is probably also a boomer remnant to when loyalty was expected, and the "Gold Watch" era. I've been with a company for more than 10 years now and I'm afraid I'll get asked, "Why did you stay so long?" 😂
There is a good trick to detect someone trying to rip you off.
1 - concider that person you know less than a few years is stranger.
2 - If a stranger tries to make relations personal, or use emotions as convincing factor - it is a trap.
3 - if you invested in the trap, expect to loose everything you going to give out.
Unfortunatly, it generates an excessive alergy on adverts and group activities.
Can I be honest? I wanted to like the this video 100x because this is the REALEST first 3 minutes I have ever heard.
I work in Compensation. My job is literally to tell managers how much to pay people when hiring, promoting, etc. This was probably one of the best descriptors of how to get ahead in a career out there. Fake the funk, learn how to interview well, and move around every 2-3 years.
Who decides how much the folks in Compensation get?
@@silverchairsgcompensationers?
I want to add one more thing here.
Turning a passion into a side hustle is a double-edged sword imo. It's really cool to be making (part of) a living on what you love, but if it becomes a stressor, you might start to resent it. That saying "If you do what you love, you'll never work a day in your life" is nonsense. A labor of love is still labor.
"Priorities determine problems. If youre not satisfied with the Problems you currently face in your life, then take a long, hard look at the Priorities that put those problems there." - - Mark Manson
I think it depends on how you approach it. I turned my hobby into a side business and thoroughly enjoy it. It makes me a couple thousand extra a year too so its great side income, but I think if I were approaching it in the sense that I wanted to make it my full-time job, then I probably would be miserable. I think the sweet spot is working a stable job you enjoy and having a passion project on the side.
You are absolutely right. Happened to me. Led to a disaster that i just started recovering from. Took 5 years.
@@st4rg4z3r01 oh most definitely. I'm happy for you! And I'm still in school, but I'm trying to build a career in a field I'm passionate about, as well as cultivating some passion projects on things I like as well. I feel like expectations might also be a factor. If you're going into something with those rose tinted glasses, you're going to be disappointed, and probably even feel betrayed by your interest.
@@shueibdahir argh, that's rough. I hope you'll be alright. Keep your head up!
After 20 years with my company, I'm earning less than new hires who have significantly less industry knowledge. I tell myself that my pension will pay off in the long run (and it will definitely help) but mostly I stay because I'm comfortable where I'm at and get anxious when thinking of starting over somewhere else.
This is where my parents are and they stress about their jobs all the time. I try to tell them to start applying to other places to get a fat pay raise and a less stressful job but they're so used to the company's they've worked for their whole lives to leave. They still believe in company loyalty and the corporate bs. When I try to help, they tell me that I don't know what I'm talking about even though I make more than them. It can be annoying for sure
I'm sorry..how much are u making
@@LAZERZ-OP I'd like to think I would leave if I was stressed but I'm not sure. I have a good boss and don't really have any issues other than the pay. I also enjoy having the reputation of being an expert in my area and fear I wouldn't have that at another job.
@@vicvic2081 I don't want to make out like I'm struggling or anything. I work in IT, make plenty and am able to save 35%. I'll be perfectly fine. I just know I could make a good deal more if I changed jobs.
Damn sorry to hear this
Thank you. I’m so tired of “financial channels (this is not financial advice)” that want to claim “they seen it coming” and “UA-cam removed my video about it” then push “join my discord” and/or “join with membership” oh, and my favorite “my course”.
And those that want to “breakdown” todays chart. If you see it coming,say it. And show you believe the crap you spew by exposing your trade without a paywall.
Those rolling in dough have better things to do with their life besides spending hours recording, and hours of editing a day.
Fake gurus begging for money.
As well. I don’t care if you get rich, but……
I don’t wish you ill fortune either.
About the company loyalty: The inferior pay might be worth it if you like the job and your coworkers are your friends. I personally bounce around between temp jobs and there is a lot of drama and unemployment involved that isn't fun.
Being an above average employee for too long just leads to you becoming a middle manager stuck there forever. Never stay longer than 2-3 years unless it's your company.
YOUR becoming.
(8:35) This is so true. I remember reading an article about a successful scammer. One of the things that shocked people is he went after doctors and lawyers. Poor people have any money to take.
This is a very fair assessment. Appreciate you sharing. As I have gone through the journey I continue to realize just how fluid this world can really be and how there are many sides to the coin. Just as some do not care if you get rich others in the depths of their soul do care.
Keep up the amazing content, I appreciate your perspective 🙏
I'm not saying I'd label Graham Stephan as a grifter... but as I get older, I would say I understand why someone might put him in that category
He’s probably jealous of the success of these UA-camrs. They make a lot more money with a lot less research
@@luisfilipe2023 LUL your like a Reddit assuming 18 things about a guy with a single comment that is factual true, they don’t care if you get rich
He picked on him, Andrei, Kevin and Jeremy because of their FTX involvement, which is fair, imo. But people that listen to them (or, heaven forbid, Alux), rather than people like Ben Felix or The Plain Bagel, are going to get conned by someone.
Graham Stephan became rich through real estate. BUT, he became super rich by telling people anyone can do it. That's the grift.
@@RBzee112 The Robert Kyosaki Maneuver
I've realised that your 'side hustle' should be related to your main job or be a passion project. Took me far too long to realise that a 'side hustle' is basically a full time second job without any benefits.
For example, if you're a programmer at a company, your side hustle should probably be maybe making websites or something. A backup plan within the same skillset. or maybe you make and sell art, but because it's your passion.
The way these people sell it, is like you're a doctor working in a clinic, and your 'side hustle' is designing and selling tshirts, which requires a considerable time and effort and a unique skill set which you may not possess. Developing that means you end up doing two jobs and not making much money in either.
Also, another thing I learned that a real, worthwhile investment usually takes a decade or more to actually pay off. I have a few that I won't see any profit from till i'm almost 40 (25 now). But that's precisely what investing is.
If you've built a personal brand up through your work history, you can leverage that to land better side hustles
As per investing slow and steady wins the race, virtually every get rich quick gimmick (meme stocks, crypto, NFTs) produces a few big winners, who obviously flaunt their success and at least a 100 losers, who of course don't talk about their failure. I'm over 30 and can confirm it's the long-term investments that pay off, compound interest is real, make it your ally.
I love how you dissed Stephen. When I was 19-20 I thought he was genuine but now at 26 I figured what he's all about. lol
The big advantage to a side hustle, is it gets you experience outside your industry, which makes it easier to pivot should you lose your main job due to an industry recession. If you like accounting more than plumbing, but you like plumbing more than being unemployed, supplementing your work with some contract plumbing on the weekends isn't a bad move. It kept my uncle living comfortably in his later years, when his 20-year chiropractic business failed.
And we can't forget, overtime is usually not an option. If you're hourly, over-time is usually restricted. If you're salaried, you get paid the same no matter how many hours you work. If you work overtime, you might get promoted, or your boss might see you producing more, raise the bar for everyone else, and make working overtime the new standard.
Very true! I always appreciate how straight up you are about money. Great stuff.
@whatspp+𝟏𝟓𝟖𝟔𝟔𝟔𝟔𝟒𝟗𝟎𝟓 Yeah, sounds legit! Ha.
I think there are a lot of people that need to hear this message. Too bad the ones that need it the most won’t.
Time is always changing and time influences investments, so therefore its logical to assume that it would be virtually impossible to re-produce the same situations since time and state has changed. You are not executing the same technique in the same conditions. Moreover, many of these "opportunities" typically hide some risk that may not be self-evident unless you apply the technique and find your loosing.
a lot of these "opportunities" work best for people who have high paying jobs and a lot of stability, but they are advertised to people on the poverty line who can't risk money and have little time.
You saved my life!!! Please teach us more about how to be rich like you 😭😭
8:00 Hate the promotion of job-hopping. Any stint under a year does not count towards experience imho.
Watched this video, realized I was getting underpaid, got a new one with a 25% raise and weeks more of PTA. Thank you for not caring if I get rich!!!
This is why I love watching your content. You being honest about your motives and all that kind of thing is really good for me, and helps me to learn stuff from your channel whilst not buying into any bullshit other creators sometimes spout. If I wasn't already subscribed, now is the point when I'd do so. Keep it up!
The advice in this video will be useful for my future, even though I am only 20 years old. And I learned from this video that money is not scarce, but trust between each human being in the working field.
And I don't care if you get rich! But I don't mind if you do. Outstanding video. 😎
Something I honestly have to remind myself every day. I was paying for a business coach and was trying to make content and all that, but was just getting burnt out on that and wasn’t seeing any upsides other than this coach helping me quit my outpatient physical therapy job and getting a job with home health PT where I make a lot more. I’ve definitely challenged my thoughts and views on finances since finding your channel so thanks for the great content and information
Lots of business coaches coaching coaches to coach coaches out there.
One interesting point, I discovered if you swap jobs enough you will actually hit the ceiling for your skill set. If you flip jobs a few times and discover there is minimal financial benefit, you have hit the ceiling. At that point you need to develop new skill sets or move into a new role which offers more money.
You have been producing dope content recently.
1:20 And come back every week I will. You honest bastard!
lol, I thought it was more on the fact that I dont care if others are rich, I just want to be able to afford time to work on my hobbies, take care of my health and family not worry about losing my home.
You want us all to think you are a reliable source of income...yet you don't know the difference between Mel Brooks and Mel Gibson 🙂
Of course, I still come back every week to watch your videos...it's actually a highlight of my week when one comes out, the brutal honesty is refreshing on YT 😛
I think you meant to type reliable source of information. Unless you are his pool boy.
I'm only goofing around, by the way. :P You have a nice day.
@@Jumpyfoot yeah, I meant information...I'd blame the spell checker but I typed that on PC and it doesn't use one. Freudian slip, perhaps?
So TRUE, I switched two jobs since 2020 and earned 32% more than my Salary that I was making in 2019 and you can only become miserable at a job if you stay there longer than 1.5 or 2 years if you know that the time to leave is coming soon then you don’t care much about your duties and have a chill life and guess what this is coming from an Executive Recruiter 💯
Done! You won me over.
This should be a mandatory mindset for anyone who surfs the internet. I know someone who is a practicing doctor and also happens to have a lot of money. He got involved in fast money-making schemes such as crypto, masterclasses, and investment advice from gurus. It baffles me how a man who worked so hard for his money can be so gullible as to believe someone on the internet whom he doesn't know personally, cares so much about his financial stability and fruitfulness to offer him advice on how to make better money. I advised him multiple times not to follow these influencers, but I had to swallow the red pill that you can't save someone who doesn't want to be saved.
This has been best video. “They Don’t Care if you get rich!”. Classic & truth
Love the fact that the title card comes 4 minutes into the video. Great stuff as always. Greetings from Brazil
Great points, but I couldn't help but notice the amount of editing that went into this video. It's quite a lot 🙌
7:46 is that Q from star trek, next generation? Or at least his actor?
7:44
'One of the most reliable ways to make a lot of money is to pretend to be rich and convince people you have the secret to financial success' - for sure, that is the secret of personal success at all stages of life. Ultimately, your 'customers' (might even be your kids) want the assurance that you are 'selling them' something positive whether it is a product or advice.
Most people will always be working class. That's just a fact of life. Nothing wrong with making an honest humble living. Those are the people that keep the lights on, that keep the shelves stocked and the machine running. If everyone was a millionaire, the machine would shut down.
Comanies also value new customers more than existing customers. They give them better deals. Pro tip: tell the customer support agent that you are planning to leave, they will hook you up with Retention who will give you a sweetheart deal. I guess that will also work for employees, give out hints that you are looking for a new job, that salary raise you coveted will suddenly not be out of reach.
Thanks for keeping it real as always!
I've largely stopped watching these videos but I feel like I needed to hear this
I know that honesty is the best policy and i love this channel for it but that "I don't care .." hits with so much truth 😅😂😅😂😅
Thanks for your honesty
In all honesty, I don't care about your financial advice. I just subscribed because I'm caught up on my usual channels and I need a semi-funny voice to help stave off the crushing anxiety of life.
I appreciate the honesty.😬
My side hustle makes as much as my primary job. I work in software sales and started a side business building software. Overtime isn't an option, can't ask for more territory, no one picks up after working hours - so the whole side hustle vs. primary job debate isn't broadly applicable.
I know it sounds cliche but the truth is do what you want money will follow if you provide some kind of value people are willing to pay for.
I’m not 100% sure that works for everyone but it works for me.
And I’m not sure what anyone else’s definition of rich is.
In Belgium 1/10 have a small business and it’s the backbone of our economy. I understand what you mean, but not all smal business is a scam. Not for everyone but it can be a good choice.
Yo, I wanted to buy the hoodie but why there is no link to it??? :O
While it's true that other people generally don't care whether you get rich, they aren't generally opposed to it either. There are certain businesses where they should have a vested interest in seeing your money grow, like wealth management. If they didn't help anyone, people would stop trusting their money with them and they'd go out of business. Presumably.
Fiduciary duty is a whole topic on this as well.
Good advice, no one cares if you get rich but that doesn't mean no one is teaching how to get rich. Just keep learning and don't buy courses.
I'm half way in I thank you for supplying valid information that may be contextually relevant to me 😊
I also have a confession: I also don't care if you get rich 😀 But I do like the good advice
Damn I love your vids and content. I hope you keep creating for years to come. Consider me a lifetime subscriber.
"The only one who wishes you success is the robber who wants to steal from you" `some guy on the internet`
I should just post the same “save money and dollar cost average”videos daily with different exaggerated expressions
So what is the real way to get rich? It’s not about being overly intelligent or skilled. It’s having an idea you can sell to others and make other people work on your dream for you. Can we get a video how to start a successful business. Not all business is nihilistic
The real way to get rich is already have money and live of interest from investments.
@@sp123this is the dumbest shit I’ve heard
And it worked. I just subscribed. 😅😅😅
Well, if one wants to get rich it wouldn't be from a day job. Personally, I found my dream job, boring as hell and get paid well enough to cover my cost of living and fun outside of work. I wouldn't necessarily benefit from higher salary boost unless I move to the next pay tier, but even then, I wouldn't know what to do with the extra cash.
I like these not-so-subtle jabs at Graham Stephan and Andrei Jikh
I love your videos
Merch tie-in. Respect.
Or you could be a slacker at work and your boss loves you and keeps giving you top tier ratings cause he knows you can make 40% more at a competitor. First they convert your contract to remote only, then they give you rsus, then reduce hours, and recently pay for courses to take at work when you inevitably finish the assigned work in 2/8 hours. I always interview and have gotten offers as high as 35% more, but honestly, I am enjoying this game of throw more perks to prevent you from leaving. Now there are talks of a 4 day week for the team.
I love how this channel has developed, it stareted sort of like a budget EE but has really satarted finding a its own identity!
Facts here...
Although the little illusionary shiny objects won't hurt, I have digressed from the pursuit of financial riches and only focused on my wealthiest of health & happiness. & that I can do without painful suffering.👏🏿🖤✔️ thanx for the message otherwise.
I never thaught u cared whether i get rich or not. I still love and watch your videos tho :D
But what's so wrong about putting investments into equities and index finds, REITs, Treasury Bonds, etc? Especially if you're young, hell go all out equities if you want to. 401Ks and IRAs are not "best practices" of personal finance
We need more of such channels on UA-cam
Great video and great message!
Could you please do a video on best practice for job hunting whilst employed somewhere else? How does one get references from their current employer when looking around for another? People I have spoken to about this "job switch on average every two years" strategy have told me they're worried that they would be given bad references or let go if their current employer knew they were shopping around. Perhaps you should make a guide on how to tactfully court new job opportunities whilst working for a competitor.
The Askamanager blog has a lot of advice on job hunting. If you're really worried your job will give you a bad ref for leaving early, that's a sign you should get out ASAP so they don't trap you forever. It doesn't hurt to look, but be careful not to use company phones, laptops, or email addresses for anything related to job hunting.
@@pendlera2959 good advice! I'll give them a looksie. Seems like this is an important area to research.
Straight facts… ALL OF IT
I actually underestimated how much employers gossip about people in the workforce. It seemed like every employer I transferred to already discussed me - it was basically hopping from one condescending, gossiping boss with an inflated ego onto another one who's the exact same thing.
As a former long time sml biz owner and employer Id say don’t generalize. Staff gossip too. Our loyal hardest working employees did the best and stay in touch.
@@jmc8076 I also distinctly remember employers disagreeing with everything I would say...
Facts. Love your career lessons based on data.
A side hustle doesn't need to make as much as your main job, and getting a second job isn't always as practical/convenient as a good side hustle. Not every job has the opportunity to do overtime or otherwise work more for more money. Also, the idea that a side hustle is meaningless if it doesn't make as much as your main job becomes increasingly unrealistic as you earn more money. Someone making $85,000 a year would find it difficult to meet that criteria.
from what movie is that scene of the rock
My company gives retention bonuses so I cannot change job without losing money. Am I doing a bad thing by staying?
There's an old book, "Looking Out for Number One" by Robert J Ringer. He has this chapter where he makes this same argument. He says, anyone who has the secret for easy wealth isn't going to tell you. Why would they? They'll keep the secret under lock and key and use it for themselves.
He even opens the book with this assertion. I'm writing this book to make money, that's it. This is a value for value proposition. You get something from reading the book and I get something from you buying it. Hopefully, its a worthy transaction for the both of us.
Remember to not care too much about getting rich yourself also. Money is helpful but there's more to life than buying expensive shit.
Curious if the job statistics regarding wages factors in 401k matches and other benefits. Moving jobs every 2 years means you are basically throwing away 3-6% every year
This channel is terrifyingly refreshing.
And I don't care if you go broke. Snark aside I appreciate the honesty and pointing out how hustle/bro culture/side hustles are generally a bad idea as is trying to time the markets vs. dollar cost averaging. Cold hard facts are superior to fantasy every day.
Parasocial relationships aren't inherently unhealthy or considered a mental illness or anything like that. Most people have them at some point, so it's actually pretty normal.
I do think it's wrong for influencers to take advantage of their own fans.
Sir I love your channel. Do you have any other like UA-cam channels I can follow? Not necessarily personal finance telsted
Eventually, there will only be 1 min left in the video when we decide to find out how money works. 😂😂😂
Is that Kiaara at 1:00?
You know content creator legit is when their UA-cam videos no ads , no affiliate , they just playing around
I just love your videos. Honest and informative, especially for people who really want to learn how money works :D .
Rule number 1: People like money more than they like you.
Number 2: Someone is smarter than you.