Comments by "Lisa Culton" (@LisaCulton) on "The Financial Diet" channel.

@bjulalula9537 There are already high taxes on capital gains and dividend income. So what do you mean by better and or higher taxes? Yes, I gave some anecdotes but there are many more and there have been countless articles and books written on the Topics. Even wealthy Germans (example Dirk Nowitzki who lives in my home state of Texas) says that it's more comfortable to live in other contries because People in the USA for example are happy for them as opposed to the ill will they would receive in Deutschland. I have lived in, worked in and own property in Oberbayern and Hessen. I also worked for a while in Baden-Württemburg. I worked in the medical and Pharmaceutical research branches with other high-income earners but that did not spare them from the Neid. We were all working very hard, so time was not the factor, but it was clearly a cultural mindset. So, the big Question is what are you going to do with all your Profits and dividends from your Company Shares? Write to your political representative and ask them to tax them at 95% to alleviate your Feelings of having done something (that you feel is) unethical?
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@bjulalula9537 Thanks. I am funny. People tell me that all the time. I like making People laugh and feel good. However, we don't have to agree on anything, but your comments Show that you have a near complete lack of understanding of economics, investing, and Money and also that you have an unhealthy relationship with Money. The majority of People are this way and that's why they're poor or struggling. But, instead of learning, they choose be angry, envious and comfortable in the victim role. You actually just said, " It does not mean they deserve it." Who are you to determine who deserves what? Their Clubs, fans and franchises have determined that they deserve it and they get. Professional Sports are still going on during this pandemic and People are rushing back into Stadiums when they are able, so it appears that Sports Entertainment is highly important for a lot of People. I've worked throughout the pandemic (HealthCare) and I earn a lot, the ladies in the bakery where I buy my lunch, most likely not as much because we have a different skill set. They don't seem to be unhappy, though. We were all happy to be able to work normally every day and not be locked up somewhere unemployed. I don't know anything About Portland and "Fighting between November and January", but if you are so good at predicting the future, Maybe you should buy a Lotto ticket or make your way to Las Vegas or Macau. There's no Transaction tax on trades in Germany, but does there really Need to be? The taxes on capital gains are already high in Germany (Kapitalertragssteuer 25%). That's why I don't invest in Germany, (aside from the rental Apartments that I have there). It's not worth it.
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@bjulalula9537 P.S. I have a good friend (also Facharzt) who lives in Portland with his Family and he hasn't mentioned any Problems or fear of riots or whatever when we've had discussions over the past few weeks. I think you're getting some fake News or something.
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Most of the time you have to keep your personal wealth a secret because it will incite envy and aggression among many of those who have less. Just look at these comments.
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@papaiurso5860 Yes. There is no universal healthcare here. There is a health insurance mandate. That means that you have to select and purchase insurance from the company of your choice and pay for it yourself and your employer isn't involved. That is one of the first things they will tell you during a job interview - that you are on your own for health insurance. Also there aren't any "family plans" you choose a policy and deductible for your child and the premiums are separate from those of the parent.
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Because they know it's much worse in a lot of other places.
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@chenzhu9308 Well, if they can read or watch TV or YouTube videos, they know what's going on in the world.
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@ramochai Yes, I post Videos on YouTube in order to give People useful Information for free that they can use to improve their lives. People from all over the world are subscribing and telling me that they find my Information helpful or inspirational and they are learning new Things. If you have doubts About my credetials, you are welcome to go over my profile on LinkedIn which contains detailed Information About my credentials, educational Background and Career. Let's put it like this: you can choose to utilize the Information put out by creators like me or you can just get Angry as this Video is suggesting. The choice is up to you. Have a great day.
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I lived in Germany for years and what I noticed is that they truly believe that they are rich and much better educated than the average American, but none of that is true. For example, a majority of Americans own a single family home, while the majority of Germans live in small (by American standards) rented apartments. Or, a typical American family will have multiple nice cars, to include things like a full-size SUV or pickup, Germans will have one tiny cheap car, if any(usually due to the high costs of owning a car starting with Mwst,Kfz Steuer, fuel, parking, insurance). Even as a "regular" American growing up in a rural area, we got cars at age 16 when we got our driver's license so that we could drive ourselves to school and other activities. Lastly, significantly more Americans have college degrees as compared to Germans and do earn far more money. Plus, taxes are much lower in the US than in Germany. In the US, you will have more Netto from Brutto.
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@fRiiEdA97 I define net worth by subtracting liabilities from assets and most Germans have a low net worth and will also receive a very low Rente. I used to see the old people desperately collecting Pfanflaschen in Frankfurt and lining up at the Tafel in Penzberg... As for cars, it was definitely needed when I lived on Oberbayern. As a matter of fact, it was indispensable. Same as when I lived in Rheinland Pfalz. Getting along without a car in Frankfurt may have been possible, but very difficult because my son's school was quite a distance from my home and workplace. I actually owned two properties in Germany until recently, and how many Germans own even one? As for me, my undergraduate education including room and board was free because I had an academic scholarship. For medical school, I had a combination of grants and loans, which I had no issues paying back Regarding healthcare, my premiums in both the USA and Switzerland were/are significantly less than in Germany. In Germany, I was subsidizing probably 3 families so that they could have "affordable" healthcare. Germany is a disaster and that's why I left. At the end of the day, people there will end up desperate for food and heating after working for 45 years. No thanks.
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Exactly!
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 @shreehill9641 so what? Take your chances and do better. If I got hung up on what other people have that I didn't have, I wouldn't be living in Switzerland right now and raising my child here.
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 @TheEthicalAudit Play your own game and do something different.
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 @shreehill9641 Focus on change for yourself and your family. Nobody has the time, energy or resources to make broad societal changes.
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I live in Switzerland and there is no universal health care here. There is a health insurance mandate which means that everyone is required to buy insurance. "Covid response" is the same everywhere and infections are "exploding" (quote I'm seeing often in headlines) all over Europe. Notably, Sweden didn't have any sort of Response and they're doing quite well. Anyway, you're confounding things. The economic damage is being caused by the various measures imposed by governments and not by sickness and or death caused by the virus.
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@barvdw There is no "universal coverage" the citizens are responsible for purchasing it for themselves from various companies. Switzerland has a health insurance mandate which is analogous to the former "Obamacare". Numbers are up everywhere, even in the places with the strictest measures. That is a fact.
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@barvdw Ok, universal Coverage it is, but it's not free and many People go into debt over medical bills and lots are dependent upon help from their respective Kantons to pay the premiums (Prämienverbilligung). I covered this specific Topic in my Video About "Financial Help for Families in Switzerland". I know from my work here as a doctor that some patients have flags on their files stating Things like "slow Payer" and stuff like that. I just want to illustrate that Mandates and such are no perfect Solution. The infection numbers (what everyone seems to be fixated upon) are increasing at a breathtaking rate in all European countries. In Germany they're Talking About "super-exponential increases" (actual Quote from a mathematician in Germany).
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@barvdw The measure don't help though, they only cause more Problems.
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@isabelleer7501 I think you're in the wrong religion.
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The Loner Millionaire Agree.
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@juliathiessen7350 I implied no such thing. Don't put words in my mouth.
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@juliathiessen7350 The comment wasn't meant for you, so there is no need for you to worry about it.
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@juliathiessen7350 What you're doing is looking for an argument, but you're not going to get that from me.
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@juliathiessen7350 Next time, try without making unfounded accusations.
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@thebestplanetisearth6018 Nah. Chelsea is bitter. Money can't change a person's demeanor.
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@frankm.2850 People are entitled to have a personal opinion About what they think is great or is having an opinion a crime now? I think that the USA is great, I think Switzerland is Great and I think liver with onions is the greatest dinner ever, but what does it matter to you? What do you want to be great in your life that is not that way now? Why should you or I be concerned About Lifestyles in other places if we already have the Lifestyle that we want? The quality of life in the USA and Switzerland meets or exceeds my expectations. What do you want to be great in your life that is not that way now? I understand a lot About how the Federal Government works because I used to work for the Federal Government. It is exactly the place where the saying "the rich get richer" crystallized in my brain. Virtually ALL the Money in the USA is in the federal Government and if you want a slice of that pie, you have to learn how to work with or within the System to take Advantage of the policies put in place to make the rich get richer. It's all very clear and absolutely no secret. For example, the tax Code is written to favor Business oweners, property owners and Investors, so you have to do what you can to start a Business, buy some property and invest Money for passive income. Likewise, there are Benefits available to federal employees (also Military) that will improve the employee's finances drastically as opposed to employees in the private sector. Get with it! This stuff is not a secret.
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@iluvzurara2 Well, let me explain it to you this way: If I don't even start to think that I can be the best at something, then I will never achieve that Status. I wouln't look for ways of improvement. Words are powerful and thoughts precede words. Repeating certain words will shape your mind to more productive thought processes and ideas. How can you say that you want better but only Focus on what is wrong or undesirable? Why should People focus on income or Wealth inequality (however that's defined), write articles About it, march About it or make Videos About it when instead they could be using their time to gain new Knowledge About how to become wealthy? Things like taking classes in certain Topics, getting certified in some new Technology, learning a new language, and taking care of their mental and spiritual needs. People who say that their life Situation is great truly do mean it, so who are you to tell them that it is not? If a Person wants to Display arrogance or they have a sense of superiority, that's their Business. It doesn't Change how I feel About myself. If you know who you are, where you come from and what your Purpose is, other people's attitudes wouldn't bother you so much. Most People would do good to have some more Feelings of superiority instead of inferiority. Just be Aware that the Producers of TV shows pick People to go on those Shows who will bring them the highest Ratings. They don't want any quiet mouse. I've been on a couple of Shows before (Who Wants to be a Millionaire and The Weakest Link) and it was clear during the autiditons who would be picked to go on the Shows: the smart, confident, talkative People with a competitive and Winning attitude.
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@Danielle Beck In what ways are you "screwed over"?
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@iluvzurara2 Of course I made it about myself. I don't speak for millions of others. The country as a whole is made up of millions of different individuals with a myriad of mindsets. In many ways, it's good to be individualistic and know what it is that you, as an individual, want because if you put yourself in the position of accepting whatever it is that someone else determines that you may want or need, then you're going to be in for a world of hurt. Anyway, you and multiple other people on this thread appear to be complaining that there are a lot of people who think that the USA is great and are vocal about their opinion. They are welcome to do so, but you and others pointing out what's not perfect or areas where the USA doesn't come out on top of whatever ranking does not make "greatness" any less true to the people who believe it. And who said that "working hard" is the one criteria for a great life. Nobody. However, having meaningful or fulfilling work definitely contributes to a great life.
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@nadine3419 People in the US don't care about that, though. In all seriousness, Sweden isn't even an afterthought for possibly 99.9% of Americans.
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@nadine3419 Exactly. Unless an American is planning a trip to Switzerland or planning to move here, they never, ever give it a second thought and they don't need to either. Let me give you an example of the differences in expectations regarding standard of living in Germany (where I lived for a long time) vs. the USA. When I first moved to Germany, it was because I was in the military and one of the things that I found fascinating is that many locals in the vicinity of the military bases have properties that they want to rent to Americans, but are unsuccessful because the apartments and houses are "too small". Obviously a 3 or 4 room apartment of 100 qm or a duplex of 140 qm is a dream for a German but no American would entertain the thought to cram themselves in such a place. As a result, there are people who build houses of 200 qm or more precisely for the American Military rental market. These rental properties are positively out of reach for the typical German but easily affordable on military housing allowance. For example, my housing allowance around was about 1500 euros/month and I could rent a 208 qm 4-bedroom duplex with a yard and carport...Unheard of for a typical German worker. Along those lines, there are auto dealers (BMW, Mercedes, Audi, etc.) who have dealerships exclusively for Americans and we could afford those big luxury car because they were Tax-free,(no VAT/Mwst) in US dollars prices and were could pay US prices for fuel all over Germany with our ration cards and we weren't subject to the ridiculously high yearly kfz-steuer. When I got out and started working "on the economy" as they say, I was shocked to receive a tax bill of over 500 Euro for my mercedes (c-class) and over 400 Euro from my BMW X1 and then I was paying german prices for diesel and petrol and it was at least triple or quadruple the price. I was like, no wonder everybody's driving those teeny-tiny crappy economy cars or don't have a car at all - They can't afford it with the wage stagnation and high taxes.
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@juliab8992 What's stopping you from visiting Alaska? I've been there and there are many nice places to live which are not "among glaciers".
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@juliab8992 I never said that the USA is the best simply because lots of people from different countries want to visit, work, study or live there. The USA is great because of many different factors, however it may not be pleasing to everyone, and that's their good right to not want to live there or think it is "the best". People are free to choose and many choose the USA, so there must be some compelling reasons. I also find it weird that so many American people are offended when other Americans think that the USA is great. I mean, I would be upset if a Japanese person or an Australian said "Japan is the best" or "Australia is the best". Why should that bother anyone? Anyway, it sounds like you're getting in your own way. I took an Alaska cruise when I was a 1st year medical student with no income, credit card debt and student loan debt. It was great. A very memorable trip. I paid off the debt, funded retirement accounts and bought all kinds of insurance later. Try it instead of getting all resentful. It's ok to have some fun NOW. Anyway, you won't be getting away from Government in Europe. They are deeply steeped in what we would call "big Government" and it will permeate every single aspect of your life, except maybe in Switzerland. But, in Switzerland, everyone is required to pay thousands per person each year for insurance, and no "family plans" either.
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@juliab8992 Whatever feels the best to a person is the best for that person. You can't measure it. That would be like telling someone who thinks Jazz music is the best music that you can't support or measure their assertion so it's invalid. Think about it. People should take the time to learn about, visit and explore other counties and cultures to compare and contrast. Life is about learning. And, if you haven't already lived in particular European countries, how can you say with certainty that you would prefer to live there? Just curious.
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@dandelionDub There's really no comparison to the odd hot Summer day in Western Europe and the many months long extreme heat and humidity of places like the Texas Gulf Coast where I'm from. I've lived in Germany and Switzerland and A/C is really not needed. For the few hot days, a good fan will suffice.
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They probably want you to figure out how to become a billionaire instead of wasting your time trash-talking.
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Just FYI - many poor people exhibit atrocious behavior. Non-wealthy patrons of fast food restaurants will feel entitled to you as an employee and will say and do inappropriate things.
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Why is 100M in wealth a problem?
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It's definitely non-stop complaining.
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@edennis3202 People usually don't want to admit this.
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@kristenjohns8498 Believe it or not, I used to live in a very luxurious condo... That had a leak! 💧It can happen anywhere.
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 @shoraz Nonsense must be ignored.
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There's nothing wrong with an inheritance. I've received an inheritance (completely unexpected) and I will definitely give my children an inheritance because I believe that struggle is wrong and not beneficial to a person's life.
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@gu3sswh075 Good question.
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@chrissmith3587 There are endless videos instructing people on how to earn extra income or increase their current income or do you think all of us just have a goose at home laying golden eggs? Get yourself in gear and do something.
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@chrissmith3587 Just do what's best for you. I currently am renting my primary residence although I own properties- just not in this country. Anyway, you're still hung up on "can't", which is really non-productive and really, please stop worrying about what's applicable or non-applicable to people other than yourself.
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@chrissmith3587 How would you know if it's ridiculous if you don't pay taxes in the US? Based on my experience thus far it's not any more ridiculous than the Swiss or German tax systems.
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@granudisimo I like working and helping people. I do it every day. It's interesting, fulfilling and pays well. People can be an employee and owner at the same time, if they so desire. For example, I own properties that I rent and also have investments providing me with steady income, but I am an employee of a business that I do not own. So, my suggestion to anyone would be to find fulfilling work and either become an employee, business owner or both. Oh, and I would also suggest for people to become an investor, no matter if they are a business owner or employee. Anyone can do that.
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Scholarships are the way to go. Getting a full academic scholarship was my first step in becoming rich.
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