Comments by "J Hutt" (@jhutt8002) on "How Money Works" channel.

In Finland as well. Idea of "unclaimed" or completely unknown landowner is pretty foreign, because there's pretty solid archives of documents for ownership of every piece of land. 99,99 % of those are digitized in state land registry. It's not some specific system you can eally abuse. It's literal archive of scanned documents. Though most of it is also transfered to map systems, it's still those original documents that are legally binding.
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This is what I did too. Life is so much better here in backwoods. This is also why being engineer is great. You get nice salary and no one cares how you look as long as you're being professional.
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@samkelo27 1) You can't. I work in forestry, and can assure you every bit of land in Finland has a trail of records. As I said, it is still the original documents, that hold the legal matter anyway, so the even if the registry is somehow corrupted, it is still backtrackable.
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That's what I thought. Why wouldn't you have legal documents you own the place stored away somewhere? And isn't there government agency in US who keeps records like land ownership? And if you're renting... Who rents a place without signing a contract of it?
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@Vietcongster Why would you need to have those documents with you? If police comes knocking on your door, because someone claims you're unlawfully residing there sure you can just search the papers from your archives. If you're not home. What's the problem?
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@Kneejair I like driving. When you have a car you love to drive, good equipment to play rock'n'roll, commuting can even become fun. That's also a part of why don't like cities. I hate traffic
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Europe EV sales jan 2021 - sep 2021 by manufacturer have Tesla at 7 % with "legacy" makers dominating with Vokswagen AG at the top at 25 %. That's not close to 20:1 but keep in mind Tesla had 10 year headstart, and old car companies have only past two years started to push their own capacity to EV. US alone doesn't justify TSLA stock price, and I have hard time believing they could grab far east markets as they can US.
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@neeljavia2965 @Neel Javia Well, I don't know that much about far east markets, I admit that. Just expect China, Japan and Korea to push local manufacturing pretty heavily to compete there. Model Y doesn't even appear on top 20 list in Europe... Model 3 is best selling EV by wide margin, but also it's only Tesla model there. That data is easy to verify with quick Google search. I tried to post link but Youtube keeps deleting my comment so I can't? Volkswagen AG having EV under 5 different brand with multiple model each holds 25 % while Tesla has only 7 % (and doesn't make it to top 5 manufacturer list). As a brand Tesla is only 4th, behind Volkswagen, MB and BMW in sales.
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It really sounds strange for people make 70000 or so in a year in US, where costs of living (aside) housing are generally much lower, saying it's "just enough". I'm finnish engineer and make 45000 euros a year (roughly 50000 usd) with bachelors degree. It's slightly above median salary here, but everything costs much more and taxes are way higher. Of course I only have 2500 eur (3000 usd) student loan, and in countryside have inexpesive (yet big) house, but still.
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@Radbrad869 Well, after taxes I'm left with 2600 eur/month. Pay 500 eur mortgage, drive also about 100 miles for work. Diesel costs here 1,7 eur/liter (7,5 usd/gallon if I count right). I'm surprised how expensive electricity is there... Always though it was more expensive in Finland but I pay around 22 US cents/kilowatt. Past year I have managed to save around 500 eur/month, with all to other expenses. Last year I dried up my savings completely bying this house, and doing renovation.
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@jeffreyhill1011 Congratulations! Kind what I would do if I got enough money for. Just build own place, fix cheap rusty old cars to drive and 60' to 80's hifi and music equipment to play at home. It's time I need for my hobbies, not money.
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Bolt, you're smart guy.
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@jaynestag95 That'a just life. You'd still be less happy if you we're also homeless and/or hungry.
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Yes there is: For me enough money is when I can spend my time working on my own forest property, fixing my cars and equipment, maintaining house and have still enough money left to buy food. Around 1 million should be enough to get there. Question is, how to get that?
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@cat11112222 True on both cases. Except it's not college degree, but of university of applied sciences. I don't know how the payments for US student loans go. They sound crazy expensive, but how big portion of income it takes in practice is another thing. Being able to save 800$ monthly sounds pretty good though. Housing is expensive in central areas here too. But do you really need to live in expensive neighbourhood is another. Maybe population density high enough that you have to. I like to hear how life is elsewhere. That's why I chat here. I commute around 2 hours a day, because I live in the middle of woods. I actually like that.
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@davidszklarzewski5187 Yeah. I think I have something 100-200 friends in facebook, the rare time I visit there, it's mostly full of crap and common news widely available in other websites. Maybe they have knowledge of average tendencies of people, but what prat.ctical use it has, a?that we didn't already know? I seriously doubt that information tech giants are really that useful we're lead to believe by all the hype. I suspect most of it is useless garbage, and there is so much false information out there, it all may end up being b.pretty hard to use for any practical sense. Even for advertisements, the ads usually hit home only well after you're purchased the thing they're trying to push on you and moved on. What use is that?
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One of my favorite quote: When youre young you have time and ability to do anything, but no money. Grown up you have money and ability, but no time. And when you're old, you have money and time, but no capacity or strenght anymore. (I couldn't find better translation than "ability", "strenght" or "capacity" for finnish word "jaksaa" that literally means: "having mental and physical strenght to do what you want to do or what you need to do"...)
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1) When you retire, you don't need a house in expensive area. Just buy cheap one furhter away cities an pocket the savings. 2) Reduction of workforce upping the wages is not a problem in western countries. Exactly the opposite, as working population is dwindling. Also the higher productivity historically has pushed the wealth of individuals up, and I don't see a reason why that would change. 3) Retirement funds don't work as "one man buys a stock", so stock price is not a problem. When you pay to retirement fund, you get X amount of pension in retirement. The overall economic situation affects it, but individuals chances of investing doesn't. 4) Also there is a LOT of quality stocks with p/e well below twenty. You just need to look beyond the most trendy ones. Of course those are overpriced. Always.
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You left out biggest issue with entrepeneurship, and main reason business owners promote it: Entrepeneurs don't have minimum wages, employee rights or labour unions. More small time or one man entrepeneurs there are, easier they are for big companies to exploit. Food delivery or uber is perfect example.
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