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Can We Afford For Everybody To Be Financially Responsible?

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I would like to thank everyone who didn't listen to me over the last 15 years They were so confident that "it" would last forever contrary to any amount of data I showed them brThanks to them, and all those like them, I was able to accrue the very assets at market lows that now put me in the position I am inbrbrThank you, idiots!brBut, now I'll end up taking care of them (family), which is fine
Comment from : @MarcoMasseria

The most popular financial plan is to spend all you earn and all you can borrow!
Comment from : @SeattlePioneer

Asking if everyone should do better financially is rhetorical
Comment from : @mine4me403

I’m not cheap, I’m just trying to help out with inflation
Comment from : @pjjaskowski999

I’m one of those deadbeats that the Credit Card companies hate I pay my credit card bill off each month and will not pay interest And oh they do try They tempt you with so many things Nice vacation, home improvement, new car Credit is like a drug but much worse
Comment from : @Cruel_Shoes

One of the best skaters but also one of the worst dressed skaters
Comment from : @MitchMcConnellsTurtleShell

I love financially irresponsible people I made tons of money off them while I was in undergrad buying various electronics (mostly gaming pcs and apple products) off Facebook buy and sell groups (pre-marketplace) and reselling them on ebay I miss those days
Comment from : @patrickpaterson8785

3:06 Bread and Lottery We are really living in Squid Game now aren't we
Comment from : @xxx83221

Wonderful content I love the idea that if everyone was financially responsible, they would be able to create sustainability in many areas of life I think the problem is that modern day people lack the patience to see this through - this would take generations and we would need to reliably teach patience and financial responsibility to our kinbrbrThank you for the content!
Comment from : @norbertshpoople2729

The good news is that this will never happen 😂
Comment from : @adampowell2144

The real problem comes after I realized that when I have big money on my account, I stop working and money soon disapeared, and I got a huge stimulus to work hard again How can I keep earning and enjoy my money?
Comment from : @zhah1212

People wishing for a housing crash to afford a house might not even have a job income to purchase a house Wishing for a disaster is being selfish
Comment from : @willpcs3453

That report said no more excess delpandemic/del savings Meaning the extra money from stimulus etc
Comment from : @richhenry8004

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
Comment from : @oliviaHill-w4e

The fiat Ponzi scheme works only because the masses are ignorant to how the system works
Comment from : @samhennis

We need most ppl financial irresponsible to keep the economy strong!
Comment from : @vincentnnyc

Grocery store meat and veggies are subsidized when foolish people buy beer and chips Paradox?
Comment from : @ryansprunger9218

Stupid & ignorant appears to be the norm, not the exception Corporations & the predatory elites controlling things love it & cash in on it
Comment from : @oligarchy-usa

I think there’s a difference between being irresponsible with non-essential credit card spending and just not having a lot of savings Most of our history retirement wasn’t much of a thing, households were inter generational and people often lived paycheck to paycheck but overhead was low ie no cars or appliances So I don’t think pointing to lack of savings isn’t the same as irresponsible, if anything it’s the norm that we’ve only recently deviated from
Comment from : @LucasKellis

It's hard for us, 'fools' to save money when we can barely afford to pay our rent or mortgage, food, water, power, and phone bills, much less car insurance or a car payment, especially when landlords keep raising rents every year, but employers are NOT giving "COLA" raises
Comment from : @samrengland613

Basically this channels need fools to hear about some misinformation to get so some money 🤑 and also the world needs fools like us 🤑
Comment from : @yeetowo4891

Can we afford everyone to be healthy?
Comment from : @4403323

being financially responsible is NOT being frugal: u just dont spend more than ur disposable income (assuming u make enough to have disposable income in the first place)brbrwe could have the cake and eat it too! all the wealth is being sucked upwards! most of that is money that is NOT being spent! just sitting in savings accounts/portfoliosbrbrimagine making 2-4 times as much with the same amount of work, ud have so much u would not know what to do with it! u would definitely be splurging a good bit while also saving a good bit, win win!
Comment from : @TheBenirons

You are actually supposed to wait up to two weeks to let the freshly roasted coffee outgas It is chemically or materially unstable That is why the coffee has a stronger coffee smell
Comment from : @vincanityl

3:37 - RE Poor people don't have grocery stores nearby This is partly their own doing There used to be a Kroger (chain grocery store) right in the heart of our poor area of town with a shopping center around it The poor people stole from the store too much Kroger closed the store due to the high losses Without the main store to attract customers, every other store in the shopping center closed Now those people who used to be able to walk to the store have to ride the bus Not just 1 bus, but they have to make a switch and take a second bus The trip alone adds 45 minutes each way Maybe that gives them time to think about what they used to have and how they killed it with all the theft
Comment from : @giantpune

If everybody was financially responsible, we wouldn’t have to produce so much stuff: thus work less and save the environment!
Comment from : @SaSo-zt8qd

Sooo less money in the stock market is a good thing? because stock prices will go up if everyone actually invested responsibly? got it, thanks!
Comment from : @pabloolive899

It's frustrating to see and hear people that have a high income living paycheck to paycheck yet they spend foolishly, while people that don't have a high income are taking their time when they deserve just as high of an income
Comment from : @chrisgast

Not financially irresponsible, just trying to survive at this point
Comment from : @MichaelClemons00

Financial responsibility means not signing up for Trade Coffee
Comment from : @CarlosRodriguez-hb3vq

None of this had any economic data or backing with any kind of research This is just a video of you listing your opinions with hypotheses as to why they might be correct Garbage
Comment from : @Brettyoke49

Many false statements in thisbrHere's one of them:br"A higher stock price does not affect the business fundamentals or performance of a company"brbrA higher stock price very much affects the business fundamentals of a company because it allows the company to issue fewer shares to raise more equity as the company grows The helps the company preserve its debt-to-equity as it also incurs more debt to fund growth
Comment from : @dalewight4935

What drives down prices is when people invest in production The people who buy the machine to print the t-shirts so there is that much more supply The people who invest in building new homes If everyone was more focused on producing more than they consume, society becomes prosperous And the Fed is wrong Deflation is not a problem That is merely lower prices Economics in one lesson, think not only about the seen, but the unseen (Not just the business who wants to charge more, but the consumer who wants to pay less) The economy grows with voluntary win win tramsactions
Comment from : @allie8442

I'm down to my last $29 million
Comment from : @robnunurbiznezz7618

I always thought of it like a K/D ratio in multiplayer games One person could have the best game of their lives while someone on the opposite team is getting destroyed
Comment from : @maardagod5762

Ok I'm gonna encourage my financially irresponsible friends to spend even more
Comment from : @andyhaochizhang

There's no shortage, trust me
Comment from : @bka8851

I need idiots to carry credit card debt so I can continue to pay off my credit card bill every month and collect travel rewards
Comment from : @b-rad-3849

People buy needless stuff In other news buy this coffee subscription! 🎉🎉🎉
Comment from : @smvsspould

The ONLY reason we need so many "fools" is because there are so many people trying to make money without adding value Probably the most classic illustration of this is the pet rock It did nothing but made the inventor tons of money The primary driver for this kind of thing is cheap money policy by the federal reserve and gross overspending by the federal government
Comment from : @stevecunningham6821

If everyone was finnacially responsible we would all be richer happier and better off An ideal world without bullshit brbrGuess it's time to wake up for me 😅
Comment from : @sonaresgratis7924

We’re so wealthy as a society that all necessities and wants could be in abundance It’s about mismanagement Being frugal doesn’t increase the supply of houses, builders do Same with food and clothing The farmers and workers produce what we need But so much is wasted because of the profit motive Planned obsolescence is the main reason why people have to keep buying new shit We need to make changes as a society, not tell people to stop spending which leads to recession
Comment from : @Amateur_Pianist_472

Life is a zero-sum game For there to he winners, there have to be losers as well
Comment from : @gochaavtandilashvili8372

I’m so tired of hearing about all the money that people got during the pandemic I know people who went online, filled out a form, and got big government checks every week while they relaxed and went to the beach every day I worked full-time straight through the pandemic and I got nothing from the government
Comment from : @Jim1971a

We don’t necessarily need fools, it’s just that our current economic system profits most off of fools We would just modify our systems to account for less fools and make our money off of other things Certain industries would be larger while others would be smaller
Comment from : @winser21

Money of the system need users
Comment from : @ArmandoCalderon

A lot of people in the “food deserts” you mentioned also hunt and grow their own food…
Comment from : @notme3272

Does pirating a day trading course make someone financially responsible
Comment from : @pulty6034

So the thumbnail is misleading clickbait We ARE far better off if more people are financially responsible, as I assumed There are just a subset of rich people who aren'tbrSide note, the subscription model is predatory by nature Avoid them whenever it is remotely possible If you do, ALWAYS set reminders to cancel them when you don't need them anymore
Comment from : @nathanaelvetters2684

"expensive cars" shows a ford fiesta lol
Comment from : @nathanaelvetters2684

50 of people are dumber than average This has been true since the dawn of humanity Will continue to be true until the end
Comment from : @OhNoNotAgain42

My only hope is playing the lottery
Comment from : @nvmcrider8475

This video is basically only looking at first order impacts and so is wrong If everyone was responsible, the 2nd order effects of greatly reduced waste would more than pay for the party The financial dummies among us are wasting huge amounts of resources on garbage Much of the taxes we pay for example are a result of covering up for these spoiled children Look at social security as a prime case here If everyone was responsible, workers would take home about 13 more post-tax Thank your idiot neighbor and their financed car for your tax burden Someone has to pay for their retirement and since it's not them, it will need to be you
Comment from : @GuyIncognito764

The "need" for instant gratification assures continued financial irresponsibility and debt
Comment from : @CSB3747

Do you use AI for voice or is this your real voice
Comment from : @NoDiddyTV

'You don't want everyone to invest because that would make investing more expensive, when more people investing for the price to go up is the only reason FOR people to invest at all has to be the dumbest logic I've ever heard
Comment from : @mircomuntener4643

No matter what you do there will always be suckers it just so happens the current systems depends on said suckers
Comment from : @CanadianSpaceBoy

So thats why they don’t teach financial literscy in schools
Comment from : @plandsio5268

I would argue that financial irresponsibility makes items and houses more expensive brbrThere wouldn’t be a whole lot of $500k homes if people actually had to save that much Even a $200k home would take 10 years if you saved $20k/year You really think people would spend $75k on a truck? You really think everyone would have a boat, camper, jet ski, side by side, hunting land, and so on? Yeah right brbrLoans and credit cards essentially give everyone access to infinite money So all these people that don’t have the ability to save money due to low wages can buy whatever they want as long as the bank or credit cards give them the money Guess what happens when everyone can buy something? The price goes up brbrIt’s the exact reason why interest rates are increased
Comment from : @Uriah625

This is why I’m a Marxist!
Comment from : @nsj9

Buying a house is usually financially irresponsible
Comment from : @RileyCostas

2:02 Mortgage payment $1,000! Damn, I wish!!! 😂😂😂
Comment from : @inthevault9603

Some of them live in food deserts because their community harbors and protects criminals They steal and so no business can afford to stick around
Comment from : @HotShotNot-y8z

Emergency fund is better
Comment from : @Kimonyx18

Algorithm
Comment from : @TAA4U55

Food deserts don’t happen from people being poor, it’s because of all the crime that happens in certain areas
Comment from : @EMan-cu5zo

(Preaches financial responsibility)br(Also advertises a monthly coffee subscription)
Comment from : @AZCAj33per

HMW: finacially irresponsible people spend money on things that don't need brbrAlso HMW: buy our sponsored coffee thing
Comment from : @Yourdeathwill

This is a very stupid video
Comment from : @stephenedwards9931

It doesn't matter how financially responsible you are if you're working a job that can only pay food and rent on overtime hoursbrbrThis was not the intent of minimum wage but the corruption of those who know money does make happiness and that's why they stole it from all of their employees
Comment from : @matthewboyd8689

Gang said coffee like 100 times
Comment from : @milkbagboii

Uses more than their body weight in consumable products every day?? What are you talking about? 200lbs of food per day????
Comment from : @hackedbyBLAGH

Not going to lie, if you went by the content in this video It sounds like everyone is being very financially responsible
Comment from : @spyderxtra777

I’m always tapping into debt So hard to stay above water with this crappy economy
Comment from : @ryaj2356

1 year later and people still doing the dam thing I took that government stimulus and invested it Made $150k 2020-2022 from it I guess it pays to understand compound interest and How Money Works 😏
Comment from : @alwaysalphaofficial

7:00 I don’t think this makes sense?? if one person saves up for a home, there’s now one less renter on the market at scale, the effect is not that housing prices are driven up - we’ve simply shifted the buyer from short term rentals, to ownership the total supply is the same I feel as though if anything, everyone being a homeowner would drive prices down since it would reduce the opportunity for the wealthy to prey on renters for profitbrbram I missing something?
Comment from : @jshstuff

Solar panels is the safe investment of your money? It’s one of the scam industries in the world
Comment from : @RunsWithGinger

More than my body weight in consumable products? The highlighted reference says 49 pounds lol
Comment from : @pokerface828

Never been in debt, never will be
Comment from : @shaneh3109

Why is there all that noise in the background? brCan’t listen to this without going mad
Comment from : @Haegar2o2

System needs people who are terrible with money - brought to you by Fanduel
Comment from : @ash5834

I think what the title of this video should be is that our financial system needs slaves That would make a lot more sense
Comment from : @RyanJones567

Facts: all of my tenants drive newer and better cars than mine
Comment from : @baralah

Rich and poor is relative Financial dumdums become prey
Comment from : @jaekyungseo5720

Watching this as someone that retired at 38 and now haven't worked in years other than making Videos talking about my life in retirement in Thailand
Comment from : @ThaiLifeChronicles

Working part Best Buy was great for me when I was younger It scared the hell out of me how financially irresponsible some adults are
Comment from : @Dstryrr