How Money Works

The Problem With Really Smart PeopleUpgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my newsletter https://compoundeddaily.com 👈 ------- There is a problem with really smart people that is making you dumber and poorer.Social media platforms like YouTube, Twitter, TikTok and Facebook have allowed us unrestricted access to the greatest minds in the world. It’s also let us interact with these people instead of only being able to read their curated publishing.Being able to watch hours of interviews with world renowned scientists or tweet directly with influential business people is amazing, but it creates 5 big problems and when these very smart people start talking about investing and personal finance those problems end up costing regular people lots of money.Problem number one is the issue of false authority.We now know that the average person puts a heavy weighting on the advice of smart people but even the smartest people in the world don’t know how you should invest your money.An investing strategy is a very personal thing because it needs to consider your income, objectives, risk tolerance, tax strategies and current financial position, without knowing these its impossible for even the smartest investor to give good advice.The problem for a lot of people is advice can be expensive and licensed professionals are also obligated to give people cold hard truths that they might not want to hear, such as you are never going to get rich earning $50,000 a year.People don’t want to hear this so they look to smart people who are not afraid to give advice to see what they recommend.Someone like Meet Kevin is obviously a smart guy because he has made millions of dollars investing into real estate and meme stocks and then millions more by talking about investing into real estate and meme stocks on the internet.The advice he gives carries a lot of weight because he presents himself as an in the know figure that is willing to teach you the secrets of becoming wealthy from humble beginnings like he did.Compare this to a boomer like the plain bagel who is only going to lecture you about how your portfolio is never going to MOON and that you should instead take your time to write out clear objectives and work those into a realistic budgeting and investing plan.So it’s time to learn How Money Works to find out how listening to really smart people is costing us all a lot of money#investing #business #howmoneyworks -------Edited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupAll 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.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.------------------------------------ Learn more about your ad choices. Visit megaphone.fm/adchoices

Exploring the roots of poor management, workers frequently cite toxic leadership as a top reason for job changes. Enter the Dilbert Principle, where incompetent employees are promoted to sidestep disruption. Meanwhile, the Peter Principle illustrates how workers rise until they fail in roles they're unsuited for. Founder's Syndrome shows that even successful founders can stifle a company's culture. But hope lies in good management practices, emphasizing self-awareness and motivation over micromanagement. Tune in for insights on improving workplace dynamics!

Why Political Lobbying is Allowed & Encouraged - Defending the Indefensible - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈3.5 billion dollars were spent on political lobbying in 2019 alone.What’s more is that political donations funded presidential add campaigns that topped 14 billion dollars.These astronomical sums are not reserved for the big leagues of federal politics either, every year vast fortunes are spent influencing policy decisions from, the oval office and federal congress all the way down to local city councils.But why is this allowed?Political lobbying combined with huge campaign contributions from wealthy individuals and companies has started to seem tantamount to bribery, where the best interests of the voting public are seconded to who can write the biggest donation check fundamentally undermining democratic processes…. Right?Well it’s time to defend the indefensible by learning how money works to influence politics and why we should want it to stay like this.#PoliticalLobbying #Lobbying #HowMoneyWorks___________________________________________________________________________Political Lobbying is constitutional big business small business incentives taxation policy how to personal finance stimulus checks for corporate bailout for big companies stock market rally banking finance donations to policy decisions and how money works are political donations bribery is mitt romney joe biden donald trump bernie sanders Elizabeth warren using political donations for re election campaigns that cost too much money from taxpayer fundingFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.------------ Learn more about your ad choices. Visit megaphone.fm/adchoices

Job Security is Dead... And Nobody CaresThanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at https://manscaped.com/howmoneyworks ! #fathersdaySign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/My Other Channel: @HowHistoryWorksEdited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact 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.#career #businessJobs are not what they used to be… the average time an employee spends with their company is now at the lowest level ever, and that’s by design.We have gone from full time to part time, to casual, to gig work, lowering the expectation of a long-term professional relationship every step of the way.If this didn’t do enough, studies have shown that many workplaces are now intentionally promoting the fear of job losses in an attempt to “motivate workers” and keep cost down, but this is usually a really dumb idea.The death of job security is bad for workers AND bad for companies…But nobody cares anymore…Up until the 1980’s it wasn’t unusual for workers to spend their entire professional careers working with just ONE company.Company loyalty was highly valued by both employers and employees, and the threat of getting laid off or fired was incredibly low.If you ever watch old films and see someone getting fired as a major plot point, just remember it actually was a big deal back then. But according to data from the Bureau of Labor Statistics, those days are long gone…The average tenure of young employees these days is less than a third of the baby boomers exiting the workforce.I don’t want to sound too old here, but back in my day people actually cared about losing their job, but today getting fired or laid off from your company just makes good content to post on Tik Tok.This is a bad trend for companies, because it takes away their biggest stick.The fear of getting fired is always going to be a motivator in the workplace, there really is no way around that, if you don’t do your job or cause too much trouble for the company you are going to lose your job along with the pay and benefits that come with it.But as the great Peter Gibbons would say “that will only make someone work just hard enough to not get fired”.The death of job security means that people just EXPECT to lose their job at some point in their career these days, but there are three big reasons why it was allowed to get this bad, and three reasons why… nobody really cares anymore…So it’s time to learn How Money Works to find out why job security is dying, why nobody cares, and what happens when nobody has a job for long enough to be good at it…Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.-------------- Learn more about your ad choices. Visit megaphone.fm/adchoices

Banking is Broken (And We May Not Be Able to Fix It) - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈Banking has become too complicated and too concentrated for it's own good and this could have serious impacts on us all.#Banking #Finance #HowMoneyWorks ___________________________________________________________________________Support the channel on Patreon here - https://www.patreon.com/HowMoneyWorks ___________________________________________________________________________Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSRMusic by Epidemic Sound___________________________________________________________________________Banking is an incredibly important industry which is based off a very simple concept.People with more money than they know what to do with can keep it in a safe secure institution which can then lend that money out to people who have big idea’s but not enough money to make them happen.They give a small incentive to the depositors, and charge a higher premium from the borrowers, making a profit for the service that they provide as a “financial intermediary”This system has become more complex over time with things like fractional reserve banking, and alternative capital sources, but if we strip all of that away we will still find that the heart of banking is this simple mechanism.For all of the hate that banks get, they can do a lot of good in an economy. To people who want a safe place to keep their money they offer an almost 100% guarantee that the money left with them will still be there, a day, a month, a century from when it was deposited.They also make that money readily accessible, online, over the phone, from a collection of ATM’s, or simply through a plastic debit card.To people that want to borrow money they are also the “go to” institution for a fair loan based on lending parameters developed over time.We may hate things like credit scores and employment checks, but it’s part of the reason why so many people are paying below 3% on their mortgages right now.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.------------- Learn more about your ad choices. Visit megaphone.fm/adchoices

The podcast explores the dwindling significance of employee loyalty in today's job market. Statistics reveal that job tenure has plummeted to around four years, with those staying over two years often facing a 50% pay penalty. The discussion highlights how technology and automation are reshaping the workforce, driving shorter tenures. Companies lean on graduate programs for cost-effective talent and often prefer external hires to internal promotions. The ease of job switching and the rise of gig work further complicate long-term employment stability.

Bernie Madoff's Ponzi Scheme Really Wasn't That Bad - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈Bernie Madoff ran the largest Ponzi scheme in history, which at it’s height had an apparent 65 billion dollars in assets under management made up of investments by everybody from wall street billionaires to pension funds.This all came crashing down in December of 2008, as the fraudulent businessman was arrested and subsequently charged to face over 100 years in prison, a sentence that he served up until his death last month.But here is the thing, Bernie's fraud, was… not…that… bad…In fact there is arguably more damaging behaviors taking place in the markets day in and day out today by some of the most revered businessmen in the world.To understand this, it’s time to learn how money works by defending the indefensible and really understanding how Bernie Madoff ran his business.So the basic function of a Ponzi scheme is that a legitimate looking operation is set up to attract investors looking to make a nice healthy return. Now this operation could theoretically purport to do anything…. Shipping, mining, manufacturing, but more often than not it is investing.Why investing?Because it is the most discrete… you see you will never actually perform any of the tasks that you claim you will to the investors and an investment firm doing nothing looks pretty much identical to an investment firm doing a lot, at least from the outside.#BernieDidNothingWrong #Finance #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.------------------------------ Learn more about your ad choices. Visit megaphone.fm/adchoices

How Much Worse Can Home Prices Possibly Get?Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.---------------- Learn more about your ad choices. Visit megaphone.fm/adchoices

How Everything Became A Subscription.Go to https://buyraycon.com/hmw to get 15% off your Raycon purchase!Sign up for my newsletter https://compoundeddaily.com 👈 -----Why is everything a subscription?Subscription services are everywhere effecting personal finance the average person is now spending $273 a month on subscriptions and at the same time less than one third of them could afford a $1,000 expense without going into debt…This only includes software services like netflix, disney plus, hulu, spotify, adobe, apple music, xbox games pass and others. It does not include other recuring expenses like gym or club memberships.Service companies are doing this to attract venture capital investment. These investors favour subscription businesses because they provide consistent cash flows and can be scaled rapidly before being sold through a traditional IPO, a SPAC or to a private equity fund.But these businesses are not always perfect and there are some products that just make more sense to sell through a one time direct sale.So it’s time to Learn How Money Works to find out how everything became a subscription.---- #finance #howmoneyworksEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupAll 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.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.-------------- Learn more about your ad choices. Visit megaphone.fm/adchoices

Your Job Achieves Nothing... (probably) - How Money WorksSign up for my newsletter http://compoundeddaily.com 👈In the last century service jobs have gone from representing less than a quarter of all jobs to now representing nearly 80% of workers.Now when we think of service jobs we think of people serving us coffee, finding a pair of pants from out the back, or carrying bags to our hotel room.Sure they might be an unnecessary luxury for the people using these services but it’s still pretty easy to see that they do produce value, be it in the form of a nice cup of coffee, a flash new outfit, or promptly delivered luggage (without the need for a physio appointment the next day)But you see the thing is the service sector is far more broad than the name implies it encompasses everybody from call center salespeople to CEO’s.In fact it is quiet difficult these days to find a job outside of the service sector specifically because those roles require special certifications, remember that for later because it is important.But the growth of the self-serving service sector, and the subsequent rise in bull jobs that came with it seems a bit odd.Surely the efficient free market would weed out these individuals that are contributing nothing, punishing the companies that bear their salary expenses while rewarding the more efficient organizations that do without them… right?#Careers #MyJobSucks #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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.------------------- Learn more about your ad choices. Visit megaphone.fm/adchoices