Comments by "donaldlyons17" (@donaldlyons17) on "Vincent Chan" channel.

  1.  @Japanimal1992  Yep but as long as people keep watching they have no incentive in being honest either....
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  2. I don't thik that is possible just based on the math alone. Someone making $12 after taxes and etc. only has 19K and I can't see very many living on 9K without outside support!!
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  3. Sometimes quitting is the only option. Leaving a non winning situation is normally the best option. I had roommates that could not pay their bills but would just break off contact..... Getting stuff done sometimes leaving something that is not going well enough.
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  4. Yep but again the increase of cost without an increase in buying power is enough. I was able to live on $12 an hour better in 2009 than I can every live on $18 an hour now. So $4.00 an hour had more buying power then than now when compared to the dollar amount over the legal minimum in my area!!!
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  5. Why is it that people making videos forget about infraction when that effects purchasing power.
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  6. Yeah but the bigger problem is that you likely don't save all the money you make each year otherwise you could save 300K in as little as 10 years.... These YouTubers are just taking advantage without telling the full truth!!!!
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  7.  @sprint7412  Don't think the job you had people making living wages....
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  8.  @HermanWillems  When he saids "Yo, just cuz you can do it, doesn't necessarily mean other people should do it too." in response to "My job switch went from 52k to 95k lol just take the risk" he is right. Not everyone can just switch jobs and increase their incomes. Some types of jobs tend to pay just so much so switching jobs will not increase income.
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  9. He has to make vidoes and is only worried about numbers after a certain point..... His advice seems to be the opposite at times.
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  10. Well no an average of almost broke makes sense. Lets say about 1/2 the population is above and the other 1/2 is below a bank account balance (checking and savings combined of $7,000 USD) So if the averages are in the $11,000 to $60,000 range it stands to reason the people with 100,000 accounts are pulling up all those accounts with $100. Median numbers would yield well short of the 7K median because too many people don't have $400 so he used averages instead. It make perfect sense given how many people making between $20,00 to $50,000 are not rich enough to survive 1 month without $1,000 USD stimulus checks. (2020)
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  11. Yep that is how you make 10$ an hour but can end up with 1 million. He did not count all his income sources!!!!
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  12.  @somethingclever2  Well to get assistance etc. companies will hire.... I my group they train many people expecting many of them to either quit or not pass the training....
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  13. All these youtubers won their money races but they ignore that they just as easily could have lost but didn't.
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  14. He is not going to say well there is inflection because he wants to offer suggestions to keep viewers watching. YouTubers tend to just need and want views so they don't tend to say the situation has few fixes.
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  15. Not that simple because one needs the income! Many online make 30k or less each year!
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  16. If they want less physically hard jobs a specialist education in something else beside most trades is better. How many people in the trades don't get old and are too worn out to work past 70?
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  17.  @Wolf_90702  Well some people either get lucky or have connections but for everyone else that seems totally correct!!!
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  18. What you say is true but you do realize many of the bigger youtubers had 40-50K while living on a lot less. It is almost impossible to make high quality stuff without money and those who did not make it are not the ones with the high view counts. Switching career paths is a lot more difficult than people make it seem because ability and skill are both needed.
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  19.  @KrisVic91  I would agree with you 16K GBP or 16K USD are both lower incomes compared to 65K. There is another problem too side hustles and switching jobs may or may not be profitable. I think he picked that number b/c a family of 4 may average 65K but the picture for the video is 10 USD turning into 1 million. These youtubers must know a significant percentage of their audience is making very low income or why else did the thumbnail not show the equitant of 65K in dollars per hour.
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  20. No it take income to make millions. But if you want to die with money you have to find a way to make more than you spend. The majority of single income earners do not even make 100K AND many that do take almost 20 years to reach 1-2 million cash.
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  21. No people going to school would not go to school if they wanted to just skip it for construction. They seem to want to skip construction all together.
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  22.  @brotherbig4651  Maybe more than that!!
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  23. LOL!!! But he got to say something strange like people don't know how "well" or "not well" they are doing!!!!! People should just worry about their goals and not compare themselves to others unless those others goals will impact theirs.
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  24. They are assuming a 4% compounding each year.....
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  25. Rich people will try and avoid paying more..... There must have been a rich cap for a reason but I don't know that reason.
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  26. Boomers incomes and current incomes for similar jobs are likely similar. About 70% of the current working generation are making within 5K of the previous generations incomes when the younger ones have housing that cost almost 2X the amount.
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  27. Well but the car equals more money than it is a wealth creator. Truth is it can't be sold but the problem is without the income there is access issue.... WTF my biggest problem is the rent/mortgage because of all the bills it is by itself the most expensive.....
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  28. That depends on your expense and income difference. But I feel you I only have 39K after more than 10 years. I need a real job and to save at least 1K each month to even have a shot at reach 100K by 65.
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  29. I used to do that but your right when it comes to having excess money.... many don't get the chance to only spend 75% especially over Covid!!!!!
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  30. It is not many at all only about 1% of 22 years olds make 100K yearly. 👀
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  31. Well no the figure is not fixed we earn in a lifetime. The amount can and often does change so that idea don't make sense to me.
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  32. Well no I see new housing going up everywhere but those single family homes cost 400K or maybe just shy of that and so many can't afford it making 40K a year.
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  33.  @Stevesmusic444  You don't call that a lack of building more homes? If new homes are being built too slowly how is it an overpopulation issue?
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  34. Yep, but for someone like him that is not the issue....
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  35. I can't talk for others but having a cash generating asset has been way more valuable than all that other stuff people on YouTube worry about. People need income(s) not to worry about everything else.
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  36. Yeah the difference in savins rate but in terms of returns the difference is 5%...
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  37.  @bt2598  They might have a few dollars in savings each month but it appear many don't have a lot.....
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  38. yeah!!!!
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  39. I know you have to make videos Vincent Chan but IMO at least in my past NOTHING CHANGES AFTER 10K!!! WTF that CAN'T COVER MORE THAN 6 MONTHS of expenses!!!
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  40. Well that depends on conditions but normally your right!!! The most I have heard someone end up with 12$ an hour and 500K investment account. That was amazing but I think they were likely the only wage earner.
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  41. I got no problem with ideas to make money but passive to make almost double average daily wages sounds impossible. I think many of these youtubers are being dishonest on purpose BUT attention and views equal dollars so they have very strong reasons to be a lot less than honest. Honey really catches more of everything than vinegar!!!!
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  42. Even with 2 to 3K each month for many still it will not work....
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  43. If he could save money they could not have been drowning him. No one bothered to find out if he had additional income sources?
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  44. They are also assuming 8% return on average for the entire 45 years. And you right the minimum to reach that is 200 each month.
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  45. Yep I totally agree that only makes sense.
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  46. Yep you need something to exchange but with an organized system most have many things they have too do not just save and manage because that will never work!!!
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  47. Well you can try and find a company that will register for you and in exchange they will get to keep a portion of your winnings just like a normal referral. I think then you can use a vpn to play once they get you in. Me I just wonder if you can withdraw if you win anything. I don't care if you can withdraw small amounts like 50 -500 USD.
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  48. You don't think you will have to give you money to people doing illegal stuff to make that 25%?
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  49. WHAT ALL YOU WERE NEEDING TO DO WAS SELL STUFF FOR MORE THAN YOU BOUGHT IT FOR.... All that other stuff was likely not very important. Also it takes some meanness to sell people housing since they need a place to live even if they can't / don't pay!!! WTF
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  50. I don't think the tax is more important than the base prices for goods and services. For example tax tends to be percentage based so the more expensive the item the higher the final tax.
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