How Money Works

Why Billionaires Are Refusing To Retire | How Money Works

14 min · I gÄr
episode Why Billionaires Are Refusing To Retire | How Money Works cover

Description

Why Billionaires Are Refusing To Retire Check out Hostinger. Everything you need to build a website https://hostinger.com/hmw Use code HMW to get 10% off. And check out our suggested book library we built with them - https://howmoneyworkslibrary.com/ Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ My Other Channel: @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com šŸ‘ˆ 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 #billionaire Most people alive today will never be able to retire. Almost half of all Americans report having no dedicated retirement accounts at all, and rising living costs means that millennials will need more than a million dollars saved to retire comfortably. It’s a bleak outlook for most people who will probably be working in some capacity until the day they die. But there are people with enough money to live several lifetimes in extreme luxury without ever needing to work again… and yet they still chose to work, even at the expense of their health, their family life and worst of all… their own net worth… So what is stopping so many billionaires from retiring? According to Bloomberg, the average age of a global billionaire is now 63 years old, and it’s slowly getting older every year, as wealthy people live longer and longer lives. Male billionaires are slightly older at 63.7 years and female billionaires are on average 62.4 years old. Female billionaires have a longer life expectancy than male billionaires but they still trend younger because several have been the beneficiary of an inherited estate or divorce settlement at a younger age. Forbes has also now reported that there are NO billionaires under the age of 30 that are self made… all of them have inherited their wealth. As billionaires are getting older and richer, an ever increasing number of them are also working well into their twilight years. You might think that they are just obsessed with accumulating more wealth. The mental state of billionaires who just need more is a factor that we will get to soon, but for some of them, they would actually be even richer if they took a step back and just enjoyed their wealth. So it’s time to learn How Money Works to find out the three reasons why billionaires refuse to retire. 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: financial news, how money works, hedge funds, stock market, corporate finance, financial planning, economy podcast, market crash Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Comments

0

Be the first to comment

Sign up now and become a member of the How Money Works community!

Get Started

1 month for 9Ā kr.

Then 99Ā kr. / month Ā· Cancel anytime.

  • Podcasts kun pĆ„ Podimo
  • 20 lydbogstimer pr. mĆ„ned
  • Gratis podcasts

All episodes

152 episodes

episode How To "Win" A Trade War | How Money Works artwork

How To "Win" A Trade War | How Money Works

How To "Win" A Trade War To try everything Brilliant has to offer for free for a full 30 days, visit http://www.brilliant.org/howmoneyworks. You’ll also get 20% off an annual premium subscription. Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images šŸ“© Business Inquiries āž”ļø sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com šŸ‘ˆ 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 #trade #economics Global trade has made the USA incredibly rich. But what is good for AmericA, isn’t always good for AmericaNs… Globalisation has let big businesses pull revenue from global markets, it’s given consumers cheap products subsidised by poverty wages, and investors access to foreign capital from around the world. The best part is, all we had to give up in return was stable productive jobs that previously defined the American middle class… For some reason, some people have decided this wasn’t actually a very good deal and that workers need a way to regain some of the power they once had. It is genuinely a very reasonable idea that has united people on both sides of the political aisle… which is why it’s kind of a shame that we are doing it… in the stupidest way possible… 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: economy podcast, mortgage crisis, economic trends Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

2. juli 202617 min
episode How The Wolf of Wall Street Scam Actually Worked - How Money Works | How Money Works artwork

How The Wolf of Wall Street Scam Actually Worked - How Money Works | How Money Works

How The Wolf of Wall Street Scam Actually Worked - How Money Works Sign up for my newsletter https://compoundeddaily.com šŸ‘ˆ it’s time to learn How Money Works to lift the hood on Straton Oakmonts questionable operations and find out how it let Mr. Belfort rake in ā€œalmostā€ a million dollars a week in ill gotten gains. Back before the 2000’s buying stocks was not as simple as going online and typing in a ticker symbol. People would actually call a real living person a stockbroker and give them instructions on what stocks to buy and what stocks to sell. #WolfOfWallStreet #HowMoneyWorks ___________________________________________________________________________ Support the channel on Patreon here - https://www.patreon.com/HowMoneyWorks ___________________________________________________________________________ Music by Epidemic Sound 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: financial independence, market crash, financial news, corporate finance, money management Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Yesterday13 min
episode nObODy wAnTs To WorK AnYMore! | How Money Works artwork

nObODy wAnTs To WorK AnYMore! | How Money Works

nObODy wAnTs To WorK AnYMore! Sign up for a 14-day free trial and enjoy all the amazing features MyHeritage has to offer https://bit.ly/HowMoneyWorks_MH 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 šŸ“© Business Inquiries āž”ļø sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com šŸ‘ˆ 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 #career #work ---- It’s the classic gripe of the out of touch corporate executive hiring minimum wage workers or the trust fund baby who is angry that their gym is busy in the middle of the day… ā€œNobody wants to work anymoreā€ Now… I really hate to say this but… by looking at the numbers… they might have a point… Labor force participation is approaching generational lows even after the pandemic while labor force participation amongst men specifically is the lowest it has ever been… These declines have been happening at the same time that unemployment is ā€œtheoreticallyā€ quite low which (if the economists are to be believed) means it should be easy for people who want a job to get a job right?... Well not quiet… and these numbers are confusing at best… or downright misleading at worst. 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, financial planning, investment strategies, financial literacy, hedge funds, economics explained, economic trends Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Yesterday16 min
episode Why Does Japan Still Have an Emperor? - How Money Works | How Money Works artwork

Why Does Japan Still Have an Emperor? - How Money Works | How Money Works

Why Does Japan Still Have an Emperor? - How Money Works Sign up for my newsletter https://compoundeddaily.com šŸ‘ˆ Link to my brand new Patreon šŸ‘‰ https://www.patreon.com/HowMoneyWorks ā¤ļø ___________________________________________________________________________ Japan’s royal family is often forgotten about in the west. I wouldn’t be surprised if a few of you watching didn’t know that Japan actually still has an emperor, but indeed… they do… it’s this man, Emperor Naruhito. Naruhito ascended to the throne in May of 2019 after his father Emperor Akihito abdicated from the throne. These men are the official heads of state of the third most influential economy in the world, and while their powers are almost entirely ceremonial, however their living standards are anything but. The immediate royal family has over 1,000 staff working for them directly. This roster includes basic essentials like, you know… gardeners, chefs, plumbers, chauffeurs, secretaries, security personnel not to mention 47 servants PER ROYAL! But this enormous staff also extends to things like wardrobe managers, royal farmers that farm the family’s food, 4 doctors constantly on standby, a silkworm breeder to make sure the family is always decked out in the finest threads, Shinto advisers, and 30 archaeologists tasks specifically to look after the tombs of the family. Beyond just the manpower the Japanese Royal family claims some pretty pricey real estate. If you think the white house or Buckingham palace are ritzy, they have nothing on the Japanese Royal Palace in Tokyo. Sprawled out over 379 acres in the heart of the largest city in the world, this royal residence was once more valuable than all of the real estate in California combined. Nowadays it’s worth about as much as two and a half San Francisco townhouses but that’s a whole other issue. This estate, along with dozens of other lavish estates dotted around the country and over the planet cost a lot to maintain, and that’s why the government of Japan gives the family 11.83 Billion yen (or around 110 million American dollars) every year to keep everything up to a royal standard. This is ON TOP of a personal expense account of 324 million yen or 2.9 Million USD’s for every member of the direct royal family as well as a 269 million yen for every member of the extended family. This is taxpayers money which is all going to fund the ridiculously lavish lifestyle of a huge family that hasn’t actually played an active role in managing the country since world war two, and even back then their job performance wasn’t what I would call stellar. So it’s time to learn how money works to makes sense of how this family justifies their unbelievable operating expenses in a country that has not seen sustained economic growth in nearly three centuries. #Japan #Royal #HowMoneyWorks ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound 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. ------------- Keywords: corporate finance, personal finance, economic trends, financial education, recession analysis, gig economy Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Yesterday17 min
episode Why Do Squatters Rights Exist? - How Money Works | How Money Works artwork

Why Do Squatters Rights Exist? - How Money Works | How Money Works

Why Do Squatters Rights Exist? - How Money Works Get access to a totally free high quality newsletter every morning by signing up to The Daily Upside at https://bit.ly/386hAzi Sign up for my newsletter https://compoundeddaily.com šŸ‘ˆ The financial success of families, communities and countries are intertwined with real estate, which is why it seems silly that people can just take these homes and legally claim them as their own. Squatters rights on the surface sound ridiculous. #Squatters #RealEstate #HowMoneyWorks ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound Stock footage by Storyblocks 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: economic education, financial news, business analysis Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Yesterday12 min