Comments by "Jason Dashney" (@jasondashney) on "How Money Works" channel.

  1. 20% of their revenue comes from their shop. They don’t want people fixing them at home.
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  2. And of those that do, 95% of them could get away with the Toyota Tacoma. Almost nobody who has an F150 tows jack, and far fewer than that actually require the entire size of the bed. They are just SUVs with less seats the way the average person uses them. Source: I come from truck country. The Ford F150 is far away the biggest selling vehicle here.
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  3. What's funny is white collar people very often have a snobbish attitude when it comes to people in the trades, yet we often make the same money or more and the environment is so much less toxic. You're not pressured to think a certain way, or be a certain way and if you are phony and a kiss ass, you would get called out immediately. We don't play that. Plus, there's a sense of satisfaction when you physically create something. I actually get more satisfaction when complete a task than I do when I make money in the stock market because numbers are just abstract concepts, but I can take a look at that thing that I installed that looks fantastic and I enjoy it. Even something relatively ordinary like doing really nice tile work in a shower. You finish up and clean it up nice and it looks beautiful and there's a sense of real satisfaction to that. Nothing phoney about it. You either did a good job or you did not, end of story. And people around you will praise you or criticize you based on how well you objectively did, not based on if they think that the criticism or praise will help their relationship with the executive assistant regional manager, ha ha.
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  4.  @diamondfailer11  bullying of young employees in blue collar fields? That sounds like snobbish fear mongering to me. The trades are a meritocracy. There is way less politics in the trades than there is in an office. It's a meritocracy which means everyone is far more tolerant as well. And people being honest with you is not the same as bullying. It's not fake like an office building. Nobody gives a damn what your political ideology is. They just care if you work hard and are good at your job. I am happy that academia frowns upon it because that means there are less people in it which means more money for me.
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  5.  @VYBEKAT  depending on where you live, six figures can also be barely making ends meet. I live in Vancouver Canada, which is one of the most expensive cities on planet earth, and $100,000 a year doesn't mean too terribly much when a one bedroom apartment can cost you up to $3k a month in a regular condo building. Go upscale and all bets are off. The prices are completely insane.
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  6. So it's better to wait until you have $100k in the bank before even learning the first thing about investing?
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  7. I’m going to push back on the part about the most successful hedge fund of all time versus some random guy with $1000. It’s way way way way way way way easier to double $1000 than it is to double$100000,000 in a year.
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  8.  @DMKleinArts  to be fair, any piece of crap should be good without any major repairs at 120k.
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  9.  @Ziegfried82  and so will Canada after the next federal election.
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  10. This was the biggest puff piece I’ve ever seen. No mention of ESG or the world economic forum stuff. They absolutely under no circumstances by any stretch of the imagination are just a simple company that invests large sums of money. I’ve seen Larry Fink on video the world economic forum saying they use ESG to “force” companies into compliance. They are absolutely evil. And anyone who disagrees is either ignorant of the situation or are psychopaths themselves.
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  11. If you have a company worth hundreds of billions of dollars, you would not hesitate to give $15 million a year. Does somebody who you feel can come in and increase your company's profits by 5%. It's all relative.If you have a company worth hundreds of billions of dollars, you would not hesitate to give $15 million a year. Does somebody who you feel can come in and increase your company's profits by 5%. It's all relative. Think about their pay as a percentage of how much money they can make the company. That incredibly good line worker can't increase the company's fortunes even a tiny tiny tiny tiny fraction of what a good CEO can.
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  12. Most "AI" isn't. If it doesn't learn, it's not AI. It's just an algorithm.
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  13.  @mememan9890  interesting. it probably also depends on the trade. i’m with a general contractor and I deal with all of the trades equally and in project after project you can usually tell just by meeting someone what types of trades they are in. The elevator installers are very different from the drywall guys, who are different from the electricians.
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  14.  @Gillan1220  He's still loaded with mansions and cars though.
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  15. 3:39 you're showing Vancouver WA, not Vancouver BC. Also, you're missing the #1 reason property is so expensive. Gov't. It costs a THIRD OF A MILLION DOLLARS just for government permission to build a single family house in Vancouver. 1/4 million for a condo. Between all the taxes, fees, and extreme wait times and red tape which contributes to massive carrying costs most can't accommodate, we're screwed. The gov't talks about affordable housing here, yet I can buy a whole house for the same as it costs just for the permission to build one in Vancouver. Vancouver is going ape-shit building hirises now. They are everywhere. I work on them. People still can't afford to buy them though. A 1br condo is now worth more than a single family house on a good lot 20 years ago. People simply can't afford it. We have a massive demand but an actual oversupply of condos because they're too expensive. The average wage is $75k. Two people making $150k would get laughed out of the bank if they tried to buy a house even if they have a big down payment.
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  16. In Canada, every construction company is dying for employees. Can't find 'em. You'd think wages would go up then. Nope. It's crazy that wages aren't even coming close to keeping up with inflation yet we have a labour shortage. Riddle me that. Something doesn't smell right.
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  17. Vancouverite. I'd move to Houston in a heartbeat if I could. I would not hesitate.
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  18. Can't he be both? Success in business (except the stock market) ALWAYS involves some luck, end of story.
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  19. You don't like him not because you heard about him and then looked him up so you could form your opinion, but instead relied entirely on the opinion of a single complete stranger?
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  20.  @anthonynix9659  Thanks, and I agree. It's okay to like the people who actually build and maintain our necessary infrastructure.
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  21.  @kf6pfk  I am happy to be in the trades because robots and AI won't be touching what I do in my lifetime, that's for sure. What I do is not routine and easily replicable. I'm thankful that I don't do low and bookkeeping tasks or accounting or low level lawyer work. A lot of that stuff's gonna get automated very soon. Good luck finding a robot or algorithm to reconfigure and renovate an old house and do something modern. Good luck figuring out all of the intricacies in figuring out how to "make it work". In construction in hundred million dollar jobs, there are constant issues and problems with the drawings that have to be figured out by humans. There's not a chance that a building will be able to be designed by, and built by automation within my lifetime. We are light years away from that.
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  22. The prices they showed at the beginning, as examples of how crazy expensive things are make me laugh in Vancouver. A million bucks? Good luck with trying to find a property for that price here. Not even close. The vast majority of people here could never afford to buy a home with two people’s salary. Again, not even close. Not within a country mile.
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  23. Yeah, the multi millionaire who is ripped, can fight, and has legions of ultra loyal followers is insecure as hell. Obviously.
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  24. I'm a thousandaire, yo. I'm kind of a big deal.
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  25. I work 55hrs a week and can't touch those wages and I work a credentialed professional job in construction.
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  26. The right constantly laughs at the screeching radical left by saying "You are the reason Trump won". And they are correct.
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  27. Years ago I was called in for an interview for a menial warehouse job. They sat me down and berated me for not having a good enough resume. Why did they bring me in there then? They read my resume, called me in only to tell me I wasn't qualified. Did they have a quota of applicants they were supposed to interview and I was just a body? @hanabiramochi 
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  28. Use Brave browser for no ads, or get YouTube Premium. The fact you're giving him a downvote for free content because there was something in it for the person who took the time to make it is sad, especially when there are ways around it.
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  29.  @mnoovurvi  Yeah I found out years ago I was too poor to even be able to afford to rent my dream car for one day haha. I bought entire cars for less than 1/3 what a day rental was.
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  30. It's funny, he actually spends most of the video inadvertently blowing Andrew by talking about how what he does really works to make tons of money totally legally, on a channel called "How Money Works", yet he still trashes him constantly between acknowledging all the wins.
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  31. Exactly. The fact that the world economic forum ties didn’t come up means I will trust this channel for information on how markets work and how things technically function, but opinion wise I trust it as far as I can throw it. This was the biggest white wash I’ve ever seen. It’s like saying Ted Bundy didn’t deserve his reputation even though he forgot to shovel his sidewalk after it snowed, as if that was the big evil. I almost broke my finger smashing the down vote button on this video.
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  32. You contradict yourself a bit. You say 93% of stocks are owned by the wealthiest 10%, then you right after that you say the 93% of stock is largely held through retirement accounts. Thats average joe's money. They don't control where it goes, but it's still collective money, so us plebs still are participating. The original sentence makes it seem like 10% of the people own 93% of the stock, which isn't the case.
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  33. At least in Canada there's a giant rub with the trades. Foreign workers. It's rare in some cities to see white people on the job sites. I know this better than anyone because I orient each new worker at a big site for a massive company and English is the first language of maybe 20% of the workers on the last several sites I've worked on. At least where I live in Vancouver, we have fully entered into South Park territory. They didn't "took our jerbs", but they've certainly accepted much lower wages so our pay hasn't even come close to keeping up with inflation. The upside is that there's absolutely no chance automation is going to take the vast majority of jobs here. I used to do renovations and there's absolutely zero chance automation will take that over within my lifetime unless we start making houses in a completely different way. The only comfort I have is a relatively decent amount of job security. It's crazy though because my company offers all of us a $1000 bonus if we can find a new worker for our department yet I haven't gotten a raise in years. It's the strangest thing.
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  34. It’s interesting that the biggest one of them all, Toyota, laughs in the face of electric vehicles. Somehow, the mainstream conveniently ignores that instead of listening to it and trying to understand why. Toyota is not doing this because they “fear change” or any other such nonsense. They don’t want to do it unless there’s a real business case for it.
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  35. This is why I like the trades. I used to do very extensive renovations. Did I install that kitchen or not? Did I do a good job or not? My work is out there for all to see and evaluate. I can't hide. I promise you, it brings you more satisfaction to drive by the beautiful exterior of the house you did five years ago than it does to smugly know that you take care of this or that many workers under you. I also find it funny that the trades has the same money as your average office, get the money channels, never talk about people who aren't white collar. Same with channels, talking about employment. They almost exclusively talk white collar.
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