Comments by "John L." (@johnl.7754) on "How Money Works" channel.

  1. Another reason company stock was expensive was because they supposedly has top political backing so Indian investors thought no risk of company going bad.
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  2. Think Tanks don’t really educate politicians but rather help them sell whatever it is they want. Today it seems most politicians decision is not made by themselves but rather other interest groups or politicians above them.
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  3. The main reason this all got started was because government loosened the requirements for people to get a house loan. I remember getting a HELOC loan (recommended by bank agent) a few years before the blowup without documented web design freelance income.
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  4. Especially if not having a girlfriend or being married
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  5. The owner is probably aiming to retire earlier than most people by making a lot of $$$$ now.
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  6. I think the anti work movement corresponds with declining marriage and children since when you just need to take care of yourself it becomes much easier decision. Work has most of the time in history been unfulfilling BUT your family or extended family made it worthwhile to grind it out to have status within the group.
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  7. They will sell whatever people want to buy.
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  8. Loopholes are great for Republican politicians because they can tell the public that the tax rate is xx% but in reality the tax is rate is much lower because of the loopholes.
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  9. The most profitable side hustle is Selling ebook, training, consulting….on how others can make a lot of $$$$$ starting their side hustle with your training
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  10.  @lukahribovsek5563  and men and women has become more picky/unsatisfied after seeing pretty and wealthy people online which most won’t be able to reach so many just give up.
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  11. People choose to live in the suburbs where public transportation is not feasible to provide. It works in large cities because of high density of people.
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  12. Follow the $$$$$
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  13. I think it is based on income levels not how much you can (or can’t save $$$).
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  14. Once government started backstopping farmers against losses then the wealthy will start investing there.
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  15. But many people don’t also want to be working at old age either
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  16.  @ShadowKueken  I agree that both sides manipulate data on different things
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  17. Like me saying I’m a rich guy for not having any debt unlike most Americans
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  18. And sometimes (like when I sold my house) the seller and buyer agents were the same person
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  19. How Money Works how is it in Dubai? 😉
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  20. Probably Buffet since he is close to top of the list now
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  21. I don’t have the guts to startup a tech business when I am 40 years old from what I’ve been through starting up a tech business in my 20’s with couple friends from College (which eventually failed).
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  22. I sometimes invest in Softbank (as a cheap tech play) and would give him a C since so far Alibaba was the only main home run that lasted through up and down. He takes too much risk where market is booming
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  23. How’s Dubai 😅
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  24. Then you will need to work harder/longer
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  25.  @Roccofan  true but taxes should be higher also
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  26. Now with higher inflation and low or negative investment returns FIRE movement might only have a chance to work without children for most people
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  27. That’s why I couldn’t do now what I did in my 20’s (started a tech startup that eventually failed) even with more experience.
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