Comments by "Fox" (@tomlxyz) on "How Money Works" channel.

  1. I have a feeling that such stupid subscriptions might work one day when younger generations no longer know how it used to be. Just like pay to win used to be frowned upon in gaming, its all normalized now
    561
  2. Never forget that almost 100 % of these successful drop outs built quite a network that helped them succeed
    479
  3. ​ @thepracticalblade9013  normally a functioning healthcare insurance system where everyone paid into before they got old would catch that burden. At least in my country that issue doesn't exist
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  4. The problem is that rewarding being fast creates an incentive to be as fast as possible on the measurable parts and ignore the hard to measure parts. Like maybe you're doing a lot of faster to complete work instead of making anything substantial or ignore long time effects that aren't accounted for. Plus there's things like burn outs from trying to get ever faster
    193
  5. Truth is that those are actually more expensive and digital screens are a saving measure. They need less hardware and can reuse software. They didn't sell it like tho, obviously
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  6. I'm wondering why I've never heard it come up in 9/11 conspiracy theories
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  7. No, with serfdom you're not allowed to leave. It is more like debt slavery where you work as much as possible to pay everything off
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  8. There's one difference: a fired CEO just goes to another company. A king getting removed from his post had a high chance of also getting his head removed. And even if not, they rarely got embraced by someone else with open arms.
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  9. Why does the one who makes the decision get better treatment than those who don't? That's why unionizing was pretty much always effective in getting better conditions because with a union you can just easily collectively stop working and put pressure on management
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  10. Werent managers introduced, to - besides other things - shield the owners from the reaction of the decision making from the employees?
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  11. ​ @plica06 not necessarily true. I have heard of multiple stories where people were saving for a down payment but then when they made it, real estate got so much more expensive that they now needed a bigger down payment
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  12. ​ @scrumtrellecent  it doesn't seem like saving for a want but rather rationalizing an extraordinary expense.
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  13. He worked in an investment firm. Definitely not just working 9-5
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  14.  @JudeMichaelPeterson  I work in a company who definitely doesn't have EO if I look at gender distribution, I've never had a problem with female managers
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  15. Ironically it actually supports the statement that he made at that point. He has no experience there and did poorly because of it
    70
  16. You have to make a lot of assumptions and extrapolations to come to any number, so it's far from a fact
    67
  17.  @clray123  ah yes, because before Covid housing was totally affordable
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  18. I've recently heard the idea that going for something scammy in hope of it paying big, like turning potentially not getting scammed being gambling
    42
  19. I feel like this is a general trend for anything now. Things branded luxury and being expensive but actually being cheaply made trash
    41
  20.  @Bonanzaking  1 penny is 1 penny. 100 pennies are a dollar. What's your statement supposed to prove
    41
  21.  @Annou7la  Normally the response to people constantly breaking the law wouldn't be to legalize the practise
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  22.  @piZZa4everRulz  you can't really just compare income by number. A lot of things are more affordable in Europe because it's more regulated and it's also harder to wreck your life financially if some incident happens. About unemployment: It's often vilified but in reality just trying to get everyone employed for employment sake isn't necessarily good for the economy as a whole
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  23. To alleviate this problem I'll start a consulting firm to consult companies on which consultant is the right for them. Not having any experience about it doesn't seem to be too much of a problem anyway
    37
  24. That's why I moved so it's only 10 minutes
    37
  25.  @JoseRodriguez-ey7ju  I don't think that type of wealth counts like that, it can't be liquidated
    36
  26.  @angelr194  Why should it be hard? Purchases of real estate has to go through official government controlled channels, asking for proof of not being a fund wouldnt be that much work
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  27. Can we really say it's gonna reduce traffic? As far as I know every time a road with regular traffic jam is expanded the load just increases again to cause traffic jams eventually
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  28. I mean feudalism often involved no money at all
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  29. ​ @ameyskulkarni also, there's no high, only chasing for one
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  30.  @TheGamerUnknown  I think not working in that industry anymore also makes it easier to criticize it
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  31. You know what's great? Flexitime. That's what I'm having. A lot of jobs don't require to come at exactly 9 and leave at exactly 5
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  32. Most actually successful people don't have time to be a guru for random strangers
    15
  33. ​ @MrChampionChad  Things like 401k only works if there's enough productivity. It's not really solving the problem with retirement, just shifting the responsibility
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  34. That's really not a job problem but a infrastructure/city planning problem. The way that the US and some other countries does zoning basically requires having long commutes. Meanwhile I only need 10 minutes. I dry my clothes by hanging it up, no need to iron the majority of it and it's not sweatpants
    14
  35. The "sophisticated" investors who caused it knew what they were doing and it was usually the gullible ones who paid the price in the end, like they just sold off the debt so they weren't affected by defaults
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  36. Are you saying there's no universal way to get rich?
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  37. I do wonder if something like that will happen in the future: Something like cyberpunk or similiar getting implemented simply to distract the people and not solve any systematic issue, pizza instead of a salary increase but on a whole society level
    10
  38. ​​ @codniggh1139  how did you come to the conclusion that this means politicians want to spend more money? Think tanks tend to be funded by non politicians and try to influence politicians, not the other way around
    10
  39. I have seen the section made for birthday parties but never knew anyone who went to McDonalds for birthday. but clearly someone here must have because they existed for quite a while
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  40. What's the implication here?
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  41. ​ @MaxFreibier  unfortunately the amount of old stuff that can last is limited
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  42. Some people who can never earn enough to not spend it all. They'd be broke immediately if they got paid all at once
    9
  43.  @Elo-Ken  Paying taxes reduces inflation tho.
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  44. ​ @ThunderLips730  what do you even work for when you have no time to do anything with your money? Sounds like a waste
    9
  45. In my opinion subscription are only valid if the provider has a regular cost in providing in whatever you get, like with streaming services. But if it's something that you just get, operate yourself and don't need any monthly service like some software, car, etc then it's just a money grab by the company
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  46. 2008 was caused by publicly traded companies
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  47. Scam thread
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  48. But he'd need to show what he'd actually own so the government can decide how the bailout should be structured. I don't think that would ever work out
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  49. It can be my enough people believing it and thus giving it better funding and success rate. Although that could also end it a lot of cash burn
    7
  50. To me it seems quite an US thing to expect the children to just be by themselves once they turn adult. It's particularly bizarre when the parents treat 17 year olds still like a child and then expect them to move out at 18
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  51. Well, most times it's often impossible to find definite evidence of a connection. So it seems reasonable to not even allow trading certain securities for certain people.
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  52. 3:21 why did Google pacman eat Amazon?
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  53. Most people using these alternative Investments do it for high return, not to keep the same wealth.
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  54. I work in an area where we have to deal with clients (indirectly) and someone has this joke of "work would be much easier without clients"
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  55. Long term there's no guarantee that the interest in wine doesn't shrink
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  56. 4x doesn't seem that bad tbh for an outsider.
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  57. Insulting people isn't very productive tho, that's more entertainment than anything
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  58. ​ @jesse_- it's only dumb if you do it despite knowing better.
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  59. My problem is more that you could make more money with short term trading than long term (more successful trades mean more profit). So there's even more incentive for CEOs to not care about long term success.
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  60. Any automaker who failed to adopt to EVs were short sighted in their profit making
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  61. Same would have happened if it wasn't rich people. It would still have seen big withdrawal in the housing crisis and collapse.
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  62. They'll sign it if you buy the collateral with it
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  63. ​ @jtgd  productivity has been steadily increasing over the decades but wages haven't kept up. It's totally feasible to do it
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  64.  @MsPiinkFllamingo  it's not a moral question but financial. With a company banks and other creditors are aware of the limited liability and can calculate that in. With personal liability your own life is part of the collateral to make a hyperbole and to lose control over that is objectively bad, regardless of fault
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  65. Most white collar jobs are not feasible up to old age. These rich people have a lot of other people to offload work to. And there's probably younger people who would do their job better but they don't have a boss that gets rid of them
    4
  66. ​ @supitschillbro  it used to be that someone could start a small company relatively easy in the US but now many industries have become so concentrated that a new business can't compete
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  67. Last sentence is important. It's pretty bad if you aren't
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  68. Hmmm, so according to your comments most competitors are not sober when showing up, sounds like something about it keeps most sober people away or makes people take stuff
    4
  69.  @jasonpark7600  You don't need to ruin the company, just send it into temporary shock after you shorted it. Maybe on the low then buy long and tell good news
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  70. ​ @befer right, we shouldn't put cisgender on screen either, because gender is related to having sex and children shouldn't be exposed to that
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  71. If you don't understand what you're doing, then yes
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  72. At the same time old people become a bigger and bigger demographic in elections
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  73. You don't seem to know what controversial means. It has nothing to do with being true or not
    4
  74. Is it really common on large scale though? The fact that his blew up without banks knowing the risk they got themselves in makes me believe that it's not
    4
  75. ​ @stevengayler8447  only problem is that this doesn't play out when you look at the numbers. The change didn't come with feminism but with neolibralism. That's the point where you can see a clear detachment from wage growth and profit growth.
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  76. Hedge funds don't really hedge nowadays tho and you usually can't get your money out of one easily Also, dollar cost averaging underperforms when compared to just investing everything at once the moment you get the money
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  77. ​ @wumi2419 the increased co2 causes more storms and draughts, which will harm yield far more than the increased photosynthesis activity will give. Sinking ground water levels are already causing problems worldwide
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  78.  @angelr194  what is innovative about applying a common business practice on something else?
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  79. It's just capitalism
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  80. So the government pays interest to the fed which it pays back for the most part?
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  81. ​ @The.Harsh.Truths what deregulations? The problems mentioned in the video aren't regulations and they're allowed because there's no regulations from being anti competitive. We'd need regulations to increase competition.
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  82. ​ @Demmrir i find sport betting less than gambling than MLM not being a pyramid scheme because there are actually people who can predict those well (and get squeezed out because they don't like people winning)
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  83. For a start, that has nothing to do with colonialism. Second thing, this channel and many others do talk about many fraud cases in the west. Also, do you think it's all legit business with this particular company?
    3
  84. ​ @Jeebus-un6zz you're not everyone, especially if you travel year round
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  85. ​@-lord1754 it's not that hard to identify. The original comment is very generic and has little to do with the video topic aside from being finance related. Human made comments aren't like that
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  86. These bosses then better not have an income above 75k or their argument is void
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  87. American cars did continue getting more expensive for many years with people still buying them. Wasn't predictable beforehand when it'll end
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  88.  @spencert94  That's wrong. The government investing has huge returns. Basically comes down to be able to collect more taxes without raising the tax rate. In countries were they keep putting money in things that don't have a return high enough are basically the ones that fail eventually. The only difference to corporations is that the government can invest in things which have a hard to accurately measure return, like education, infrastructure, etc.
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  89.  @fatboyRAY24  living paycheck to paycheck can be "achieved" even when you earn a lot.
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  90. I like this recent trend of both leaning into memes while also clearing up bs information
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  91. I just got on the channel to see if there was something new - now this video was posted only 10 minutes ago
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  92.  @anthonyandrade5071  what did you hear exactly? And did you actually have proof for it?
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  93. They aren't effective but the leadership has no incentive for long term strategies
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  94.  @dannybeane2069  In most cases the highest skilled people tend to flee in the highest percentage
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  95. Of course "boring" companies need to pay more than exiting ones. Everyone is flocking to the exciting ones, creating downward pressure
    2
  96. I wonder how that wealth distributation compares to the distribution before the French revolution.
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  97. I have some doubts with that. If that's actually true then that would mean adults are incapable to deal with children given they're technically less intelligent. It seems more like a socializing issue, with people being better at socializing wouldn't put their intelligence up front but rather adapt to each situation
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  98. I knew about the time in the market thing but didn't expect that even timing the market correctly could make you underperform
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  99. How can you "start a business" driving Uber when you work for one company exclusively, being told what to do and having no negotiation power? Only difference to a regular employee is clocking in and out like you want but even that's possible with certain employments
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  100. I think they get more blame than Vanguard because of their different history.
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  101. It's a mix between bond and stock
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  102. Why do you bet 10$?
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  103. I got paid internship, about 2/3 of the entry salary. Although, I can't say that they could have argued with experience being the payment
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  104. ​ @ronblack7870 sometimes it's just not possible tho
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  105. It's almost like investment in a capitalist system was never fair to begin with
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  106. So a company that has reached its growth potential doesn't need a CEO?
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  107. ​ @monad_tcp they're literally called greenhouse gases because they trap heat just like a greenhouse. Blackbody objects are theoretical, the earth doesn't just emit heat proportional to temperature, it's more like a green house that traps heat (otherwise we'd have conditions like on mars)
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  108. I think that would be too obvious to work
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  109. ​ @antillie7 there is an extra step: aristocracy is fixed. With aristocracy you could be very rich but not get a position an indebted, totally incompetent aristocrat could get
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  110. The point of life is saving every penny and not enjoying life so you can die a millionaire /s
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  111. ​ @FelipeKana1  I highly doubt there's an efficient way to get carbon out of air with some machinery, it creates energy to create co2 and it's gonna need more energy to reverse that effect. Just taking out the co2 and storing it in that form sounds like a ticking time bomb that just waits to get out again
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  112. Where did you get that from
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  113. Why mix compost with the rest tho
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  114. Eh idk, even in farming you can have bs jobs nowadays. Like working way more inefficient than necessary, artificially employing more people than necessary
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  115. Good to know you joined the cause
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  116. What's exactly the gain from watching the video if you only agree that it's a problem? You'd have to also want to learn more about it to watch such a video Many radical left and right seem to prefer oversimplification and conspiracy theories
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  117.  @calebbarnhouse496  it wasn't common but happened open enough that there's a Wikipedia page that groups them by century
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  118. Where I live the prices at McDonalds gone up 2x or more but I don't really see a noticable drop off in customers. I personally just go to normal restaurants now, can get full for cheaper and healthier and also not feel stuffed afterwards
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  119. If insider trading was legal wouldn't that make it easier to manipulate the market? Unlike outside traders who need to get lots of money involved to move the market a CEO just needs to act a certain way to move public perception. There would no longer be the incentive of only creating positive outcomes
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  120. What's the point of getting more capital while becoming less profitable?
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  121. But if your uncle is a boomer then your grandparents aren't boomers? 🤔 Would be transfer to boomer, not from boomer
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  122. The stress of today basically comes down to social stress which always existed. In the past it was even worse for some, the fate not just being poor but being kicked out from society, into the wild, destined to die
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  123. Baby boomers who own homes are the biggest voter block
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  124. I think companies like blackrock pressure companies into being esg given that not doing so could risk having big financial problems if governments step in and regulate in a way that the company isn't fit to profit anymore
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  125.  @kazuguy  I thought welding was one of those well paying jobs
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  126. Doesn't he already cover that by his videos on 9 to 5 jobs?
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  127. Managers? Customers? That sounds more like a business than Healthcare
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  128. We're definitely gonna see more of that in the future. Younger people are getting more progressive, older people who are conservatives die off. So of course companies are keeping pretending, especially when the younger generations get purchasing power
    1
  129. So the top earners aren't the smartest but the less intelligent also earn less on average. Kinda like lower intelligence makes one play the life lottery
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  130. Not always true. 2008 was caused by having too many investors and running out of investments and switching to unsafe options and them then failing
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  131. But the question here is why it works
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  132. Dave Ramsey gives terrible advice. It's always the same strategy, ignoring the specific situation despite being called by individuals for who he could give more tailored advice unlike some youtube video viewed for anyone
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  133.  @answerman9933  Most people just dont get paid enough money. Sure, there are well paid people who spend crazy but statistically they're the minority
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  134. There are so many stories where one experienced employee quit because they didn't listen or didn't pay enough and the company immediately regretting it
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  135. The thing is that you could theoretically sell it and not buy an equally priced home
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  136. Isn't the whole idea of the American dream that you CAN afford/make it?
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  137. Idk. In some way yes, but in some way they could use that to manipulate the market without even needing to provide any news. Most trivial example: Sell a lot, market crashes because it thinks something bad happened in the background, then instantly buy back.
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  138. ​ @matthewmagda4971 I've seen many stories online of totally abusive parents getting into struggle and expecting the child to support them because they're their parents
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  139. This time the "It's time to learn how money works" is after the video middle
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  140. Theoretically it can be. Planned obsolescence is more of a waste problem first than about co2. I built you an old style broom with just wood and ensure it breaks apart faster than it normally should and you just got carbon neutral planned obsolescence
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  141.  @ISureDont  not if there was a harvest failure or an enemy burning it all down
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  142. ​​ @johngaltline9933  that's bs. The regulations are necessary, some loans shouldn't happen (see 2008) and insurance companies wouldn't blindly provide insurance at too low prices, it's the government bailing out whenever these disasters happen. And with the regulations having loopholes there will be companies exploiting them like cash app
    1
  143. ​ @donavanblack4347  publicly traded funds are actually legally required to focus on profit over ethics. Laws and regulations are the only way they can eventually do it fully legally (and also without the disadvantage of getting beaten by competition which doesn't act ethically
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  144. ​ @oneproudbrowncoat how do you live off an investment if you have to sell your home when you get old to access it?
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  145. Why is EBITA such a big thing in finance? Why pretend that interest, taxes and such don't exist?
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  146. I kinda miss the times where American politics simply acted in favor of big corporations instead of now doing useless destructive things that help no one
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  147. I really don't get the problem of working a "boring job" Poeple are just stupid
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  148.  @bobjason7540  I wouldn't put "construction" and "honest" in one sentence. It's one sector that's been historically filled with corruption, exploitation, etc
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  149. ​ @The92Waffles do you use Apple products?
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  150. Always sale the concept of selling
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  151. Maybe it's because I'm not american and he never was on my TV but I could never take him serious for stock advice
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  152. You've already done it all without getting promoted, they had little reason to promote you
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  153. ​ @aslamnurfikri7640  but here it would be selling the information of where gold can be found for pennies
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  154. ​ @572089  they're already regularly doing that but idk how often in general
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  155. That's the latest point of where he says "and that's how many works", if excluding the promo it's past the half
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  156. Comparing annual earnings * age * 10 % with net worth is basically asking if someone at least saved 10 % of their income, but why draw the line at exactly 10 %? When I think of actually rich people I'd assume they could afford to save much more than 10 %. I mean I'm not rich but I save more than that
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  157. Why is that surprising?
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  158. ​ @wojtek4p4 I'm also European but here many ATMs are run by the banks themselves and it doesn't cost me money if I use one
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