jUsT BUiLd MorE hOusEs!! | How Money Works

The Rise And Fall of the "Tech Bro" | How Money Works

The Rise And Fall of the "Tech Bro" 🔒Remove your personal information from the web at https://joindeleteme.com/HMW and use code HMW for 20% off DeleteMe international Plans: https://international.joindeleteme.com 🙌 Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #tech #business #career Before the year 2000, if you wanted to make a lot of money in a predictable career you needed a nice suit and an important looking business card. Your options where finance, medicine, law or senior company management if you were lucky. But then… just a few years later at around about the same time as those people in their fancy suits were blowing up the global economy a new breed of millionaire was entering the mainstream. They replaced the puffer vests and Bloomberg terminals with flip flops and vim terminals… Tech bro’s worked fewer hours, had better perks and in many cases made better money than their peers in more traditional high-income roles… What’s more is that people didn’t hate them… Executives, bankers and their fancy lawyers were rightfully blamed for enriching themselves by leeching off a broken system that cost people their homes, their jobs, and their futures… Meanwhile people loved the idea of hacky sack playing nerds making millions by actually making stuff that improved our lives… But now… 15 years later the tech bros became everything they promised to destroy… and they kind of destroyed themselves in the process… For a while you could have a great degree of confidence in becoming filthy rich by putting in a few years at a major Silicon Valley tech company… but this all relied on a stream of money that wasn’t coming from nowhere… Venture capital, the firms that ACTUALLY invest in early-stage start-ups to develop their new technology NEVER again actually reached the level of financing it did during the dot com bubble. That was… until something changed in 2021… So it’s time to learn How Money Works to find out how Tech Bro’s ruined tech for themselves… Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ----------------- --------- Keywords: corporate finance, wealth building, housing bubble, gig economy Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Why Dumb People Earn More Than Smart People | How Money Works

Why Dumb People Earn More Than Smart People ------ Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #business #finance #careers ------ Dumb people make more money than smart people and it took a study conducted by really smart people to prove it. A study out of Sweden has found that top earners have lower intelligence than the people in income levels directly below them. The Plateauing of cognitive ability among top earners drew on data from 59,000 men who had to take a compulsory military conscription aptitude test. It then tracked their earnings over their professional careers to find the relationship between intelligence and income. Before Tai Lopez gets any ideas for more shitty YouTube commercials or the hustle bros learn how to read journal articles and use this to encourage people to drop out of college, I want you all to know how this data really works. The relationship between intelligence and income was strong, smarter people earnt more money but only up to six hundred and seventy thousand Swedish krona or sixty-four thousand dollars per year. After that intelligence didn’t mean much anymore and at the very top end of income earners, the 1%, dumber people actually did better. So is this a sign that watching TikTok and reality TV is actually better for your career than going to college? Well maybe actually, for two important reasons but there are also two reasons why you should probably ignore this and keep studying hard if you want to get ahead financially. Reason number one why dumb people are doing better than smart people is that smart people fill in high prestige jobs that don’t have high salaries. Academics and research scientists are some of the smartest people in the world, but they don’t get paid well. Doctors, lawyers and elite financiers also need to be very smart to get through demanding schooling and admission exams and these professionals ARE typically compensated very competitively BUT most of them don’t make it all the way into the 1%. In the USA to be in the top 1% of income earners an individual needs to make at least five hundred and ninety-seven thousand dollars before tax and that’s just the minimum to join the 1% club. so it’s time to learn How Money Works to find out why dumb people are earning more than smart people and why this trend is completely meaningless for your own career planning. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ---------- --------------- Keywords: wealth building, mortgage crisis, financial planning Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

jUsT BUiLd MorE hOusEs!! | How Money Works

jUsT BUiLd MorE hOusEs!! Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. -------------------------------- --- Keywords: hedge funds, money management, housing bubble, business analysis, mortgage crisis, financial independence, private equity Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How American Generals Are Being Paid Millions To Serve Foreign Governments - How Money Works | How Money Works

How American Generals Are Being Paid Millions To Serve Foreign Governments - How Money Works Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworks Sign up for my newsletter https://compoundeddaily.com 👈 Washington Post Investigation (A Must Read For More Details) - https://www.washingtonpost.com/investigations/interactive/2022/veterans-us-foreign-jobs-saudi-arabia/ Let’s say you devote your life to military service. You enrol in officer training and work up the ranks until one day you are a general with combat experience in whichever country the States decided had too much oil. American Generals, and Admirals make are O-10 level employees and make a base salary of $203,000 a year, with generous benefits and bonuses for deployment. That’s good money to most people, especially when it continues as a lifetime military pension of $180,000, every single year, for doing nothing, once you have put in your twenty years of service. Service men and women EARN every last cent of this money and people who have dedicated their lives to serving in our armed forces should be looked after, the system is much better at looking after the top brass than the common soldier, but that’s besides the point. I could never do this job and I respect anybody that can, at least I did until the world started learning about what they do after their career comes to an end (or just get’s started depending on how you look at it) The retirement benefits of a military general should be good enough for anybody to live of off, but some don’t see it this way. Some think that Generals are basically chief executives of large organisations with tens of thousands of employees, handling billions of dollars, and working on the most challenging projects in the world. When you put it like that, the public service pay scale starts to look a bit mediocre… Leaders in the private sector are making millions of dollars a year for the same level of work and they don’t spend their time in active warzones. So to set things right, high level military leaders have taken a page out of the investment banking interns playbook. It’s not about the money they are making right now, it’s about the job they CAN get once they have padded out their resume a bit. So it’s time to learn how money works to find out how America’s top military leadership are using their careers to score obscenely lucrative contracts with some not so friendly governments. ----- #howmoneyworks #retirementplanning #military Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------- ---- Keywords: mortgage crisis, business analysis, money management, economy podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Sometimes Bad Ideas... Are Just Bad Ideas | How Money Works

Sometimes Bad Ideas... Are Just Bad Ideas Try ZipRecruiter for FREE at http://ziprecruiter.com/howmoneyworks------The "Death By China" documentary - https://youtu.be/mMlmjXtnIXI?si=6Qq6N0oejJ3UunSDSign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#money #finance #tradewar -----So the global economy has lost and found about 6 trillion dollars within the span of a week. The most intense global trade war in modern history has been threatened and then paused, and threatened, and paused, and threatened, and paused again… SEVEN different times now! By the time YOU are watching THIS video that number might have changed again. Global economic uncertainty is at record highs and while the stock market may have recovered (for now), REAL people are starting to feel the consequences of this little game as layoffs are accelerated, hiring is frozen, prices are increasing and interest rates are spiking. Now I already know what you are thinking, there is nothing about these trade wars that hasn’t been said already. And that’s actually exactly the problem. For a variety of reasons even highly respectable outlets and experts have been trying to find what the “real” meaning is behind the flip flop trade war… Be it a secret plan to reduce interest rates before we refinance our debt, redefining the role of the US dollar as a global reserve or just some 4D UNO negotiating tactic. These explanations are very entertaining and appealing to people who want to make sense of a situation that could really impact their personal financial situation But… if you want to look for deeper meaning where there is none, you should have majored in art history, not gone into journalism, economics or businesses. Sometimes, bad ideas… are just bad ideas… and not acknowledging this has caused problems in politics and businesses well before we started putting tariffs on penguins. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks [https://www.youtube.com/@HowMoneyWorks] Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. ------------ Keywords: money management, market crash, corporate finance, mortgage crisis, economic trends, gig economy, private equity, housing bubble Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]