Comments by "André" (@Andre-qo5ek) on "The Financial Diet" channel.

(=7.25*109) $790.25 for an apartment. that won't even get you a rented room in my city. 109hr ... that's nearly 3 weeks of "regular" work weeks. it is incredible, that their is an older generation that actively say how they dont understands these kids now-a-days.... it takes a min wage worker 3 weeks of pay to JUST get housing.... but they came from a time that 1 weeks pay , paid their housing for the month.
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is landlordship REALLY " building wealth for oneself"? or is it skimming the cream?
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absolutely. moral judgements simply because someone is "rich" is nonsense. a persons actions with the privileges that riches/wealth afford these people, that's what makes all the difference. the cop out of "i feel rich in family" is a way to skirt the question presented in her interview. "i find my worthiness outside of money" ... um... yeah... it is part of the capitalist disease when people feel their worth is tied to money. this does not negate the realities of needing money to survive. people not-so-simply need to not tie morality with cold-hard-cash. we too often misplace blame for our judgements: push it on "wealth" when it should be on the actions of the wealthy push it on brands/"corporations" when it it should be the actions of the BOARDS of these corporations push it on the poor when it should be on the systems around them that do everything in there power to leverage wealth out target populations.
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did i miss the message in this? i didn't hear the help about money or what to do about it. this felt more like a general conversation about ADHD 101
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one of the largest issues is that people fall for lifestyle media. people think they are "middle class" because they simply do not want to call themselves poor. they think if they have any income, a roof and food, that hey are middle class, utterly baffelling to me. i have had discussions with people that in all reality 100k is barely surviving to any level of future prospects. just throwing together some rough numbers shows that 114k gross covers only the most basic financial grounds. i am not talking about destitution or poverty here. i am talking about the workings class that thinks they are doing ok, especially the ones that think they are "middle class". sorry... middle class ,IMO regardless of what forbes says, middle class doesn't even start till you have 250k ... and even that is subject to being not in a city. if your in a city reporting states you need 3x to have the same purchase power. the rough numbers i have here don't even cover gifts, outings, vacation. this is just survival today, and a retirement account and it sill comes up to $114,000. 100k should be the standard UBI ( but lets be real, capitalists will raise prices to take UBI from us in every way they can ) Yearly gross $114,375.00 Tax est. 0.25 net $91,500.00 401k $22,500.00 Stock investments $12,000.00 Bonds $10,000.00 Savings $12,000.00 Rent $24,000.00 Food $5,000.00 Medical premiums $1,500.00 Medical deductibles $3,000.00 Transportation $1,500.00
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"The Uncomfortable Conversation Everyone Needs To Have With Their Parents" ... the conversation that their generation and who they voted for bankrupted our generation of all legitimate prospects and they have created their own demise. (or failed to vote for bettering life for the next generation ) but on a helpful note.... the real conversation is about 1) do they want a DNR 2) getting financial and medical power of attorney. 3) how they want to die, hospital, hospice, at home 4) whose going to pay for burial costs 5) how to settle whatever "estate" they leave ( even if its just the cookie tin of needles and thread)
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@Pomagranite167 oh man.. you're even subscribed to Second Thought.... you should TOTALLY be able to see the issues that this comment thread has pointed out. 😶
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@BioBioLove "Who are we to tell others if they are rich or poor?" "tell" them in some moralistic judgmental way.. not really. but to state facts about lifestyle costs and long turn financial outcomes... um... yeah... that's the entire job of actuaries. our credit score system in america is exactly that. i disagree that a corporation should have the authority to denote value on to people. they do so to devalue people and empower corporations. it is fuel for the fire of this capitilisthellscape. but a community can absolutely discuss the distribution of resources amongst themselves. and to do so we need to discuss what wealth means. ( IMO wealth discussions usually miss the mark on the quality of discussion, but that's not the argument here.)
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@NotYourLawyer2030 tldr: just some thoughts. my understanding is that she is an ex-libertarian. i doubt her position on capitalism. i can imagine those libertarian cogs still turning in her head. core beliefs are had to remove, they often just get caveats and exceptions that make it seem like the change is more substantial than it is. IMO, pulling 200k isn't the issue, what is done with that money is the issue. of course we will in a capitalist-hellscape and we have to look after ourselves before we help others, that's first responder 101. capital / assets / a war chest , is absolutely needed on the left. i do not think this channel is the vanguard in any sense.
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@Angela-fv5pb " owning land and then capturing the value increase created by society over time" sooo your saying it's not capitalism, but its feudalism that's the problem? i see capitalism as a next step in feudalism. land ownership is a key apart of capitalism. i find both capitalism and feudalism to be pretty bad. can you clarify yeah issue your are against, what you are for, and the reason?
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i'm going to have to call a bit of shenanigans on this one...... your degree is journalism.... and you run a youtube channel..... there is a direct connection there...... i get that this video is part of the libertarian mindset, of making it your own way.... but .... nah.... this is not to say college is the "right" path but it was clearly a huge influence. you even say that college is a way to stay competitive.... i would even say that is a HUGE part of college. it is VERY MUCH a certificate of 'continued education'. IMO, 'continued education' is what employers want to see. and when framed correctly bookclubs, podcasts , online certificates, are all part of that. i would also say that the job experiences stated here are also valuable of course. i firmly believe that these experience are needed for a well rounded community oriented person. retail food service customer service / call center clerical / office / computer entry field work / labor / hands on work
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"it may be necessary for you to reduce your expenses to save money. A few examples of common expenses that you can swap to save money are: cable for one or two streaming services, name brand for a store brand or generic items, new clothes for thrift store or consignment shop, coffee shop coffee for brewing coffee at home, and of course, dining out for eating more food at home and taking your lunch to work. Whatever the expense, there's usually a less expensive alternative that can save you money." ---------------------------- right ... ok ... but ...... for the even harder cut because the reality of this capitalisthellscape ---------------------------- what is the less expensive alternative to: streaming services generic items consignment shop coffee at home (the coffee and the home) food at home (the food and the home) ??
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well stated. thank you
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@Pomagranite167 "SO MUCH to battle capitalism, " ... um.. no "if you hate to see her profit, " .... who said this? "Y'all are just self-righteous bums who wanna teach everyone about life and ethics when you contibute so little to the world except with your little internet comments." woah buddy.... a little too excited there ..... don't make assumptions about whose a "bum" and "contibute so little ". maybe read the @coneil72 and my previous comment again with less of a defensive lens for chelsea. @BRBRidingMyHorse ... their comment was probably misplaced criticism as to "200k", as if that is any level of real wealth. mostly because it was just a soundbite of a comment and not a fully explained idea. soundbites without context often sound overly critical when they really aren;t. --- so ... check yourself before you back a big'old post huffing about some perceived transgression for what can only be described as a parasocial relationship with chelsea.
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135,000 ... absolutely NOT upper class ... ESPECIALLY not in NYC. 250,000 is just START of actual middle class. especially in NYC.
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"aggressively save 30,000$" is that just your own savings? is that for the 4million retirement fi/re ? or just your half of that? is that the total saving across all investments or just a "savings account"? does that include the 22k 401k yearly max?
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yup... a 201 through a 410 class are needed. in fact where is the graduate level class on this topic?
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the libertarian slipped with the disgust for the word altruist ... interesting
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tl;dr ... sell yourself ( i know it wasn't explicitly said... but basically in " the oldest job" kind of way) squeeze every ounce of yourself into "your brand" and make that brand desirable for someone to give you money for your body and dignity.
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not to me intrusive or add anxieties. this is genuine input though perhaps unsolicited. some pertinent information that was not covered here is: 1) do they want a DNR 2) getting financial and medical power of attorney. 3) how they want to die, hospital, hospice, at home 4) whose going to pay for burial costs 5) how to settle whatever "estate" they leave ( even if its just the cookie tin of needles and thread) i would suggest checking out: Caitlin Doughty orderofthegooddeath. and the Death Positivity movement in general i know this all sound macabre but i found these resources to be essential.
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for a more in depth conversation on death i would suggest checking out: Caitlin Doughty orderofthegooddeath. and the Death Positivity movement in general
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"and or increasing your income" i know the intent was not to be flippant ... and yes , it is just a fact ... but ........
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the highest pay to the lowest pay ration is incredibly important , and something that should be told to all prospective employees, current employees, and the general population.
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I'm not sure what the point of the video was. it just seemed like a personal growth vlog to realize how much a consumer she was? would that be accurate? using what's in the fridge feels like a cheat. taking rent off the budget feels very disingenuous as well. this felt like a 'if all my basic needs are met and i have $75 burning a whole in my pocket how do i spend it' video. do a counter video to this on what $75 a week INVESTMENTS can you make instead. as for bigger challenges.... how about ....... a complete and transparent rundown of your entire financial portfolio? expected gains / total principle investments / time lines / hours of time invested in work in the same period. a complete deconstruction and analysis. that would be an interesting and more realistic roadmap for the audience. small bitesize budgets are fine for entertainment but detailed financial transparency would be completely unique. hardly any youtubers(or business owners) present as honest with their finances. then they wonder why people hold animosity towards them "for their wealth". but i come from a family that collectively discussed every penny, i know other cultures withhold money talk. sometimes its hard to imagine just how to SURVIVE with a lifetime being so expensive: $1,152,000 for 60 years of renting @1,600 a month $180,000 for 60 years of food @3,000 a year + retirement stuff $1,170,000 for 60 years of maxed 401k contributions @19,500 a year and of course none of this even accounts for changes in costs and limits. anyway. thank you for your time if you read this please take no hostility or malice from this comment. hope it didn't come off too blunt.
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beg your family and friends for money .... yup.... great advice.
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care to share the secrets for the success?
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