Comments by "Maxwell Benz" (@Tential1) on "The Growing Problem With Personal Finance YouTuber "Influencers"" video.
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@loryndabenson2118 beyond rent and food, why are you spending any more money? It's a complete lie to say people who are "poor" in America are spending 100% of their money on rent and food.
These people can tell you all about their favorite sports player, favorite actor or singer, but nothing about investments. Why are they spending time on sports, TV, etc. When money is vital to living?
Growing up, my father banned me from watching sports or TV, and when I got excited about a sports team he would ask me why? Why do I care? I don't own the team. I get NOTHING if they win. Yet thousands go to watch a sports team, spend money they NEED to invest, and then in the same breath complain about not having money.
You're making excuses. Rather than looking for ways to improve your life, you make excuses as to why you can't. Everyone wastes time. If you want to have wealth you sacrifice fun and excitement for it. Even now I'm wasting valuable time talking to you when I could be doing something more productive.
Hell, even every successful YouTuber I watch talks about how they don't watch YouTube. Because they don't have time. Because they spend all their time on their channel, building it, making it better, producing content. Successful people never stop grinding. It's not what most "poor" people think of some rich upper class just relaxing and chilling. 80%+ of people with wealth never stop grinding for the next dollar.
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@SenorJuan2023 they do make good points. The rest of the content is fluff, but there are good points and if you're in real estate, managing 25+ properties is hard. At a certain point, you can teach real estate rather than be in the game.
I didn't do what any of these YouTubers do, but it did make me realize I have my own talents(stock and derivative trading) that I can do. Honestly, as a person in the financial industry, it did break down some mental barriers I had, like you can't outperform the market and you have to use index funds. Their content isn't perfect, I agree with the, "they have to keep generating content" part whole heartedly. That's why I only watched a few of their videos. After that, it's just them making a living off of YouTube. There's risk in EVERYTHING. But if you aren't willing to risk, you won't get outsized returns.
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