That Time The Military Let $2.3 Trillion Go "Missing" - How Money Works Sign up to Morning Brew for a totally free selection of high quality business, finance and general interest articles delivered direct to your inbox every morning - https://morningbrewdaily.com/howmoneyworksSign up for my newsletter https://compoundeddaily.com 👈------In 2001 defence secretary Donald Rumsfeld announced that the department of defence had lost more than 2.3 trillion dollars. At this time the entire federal budget was only 1.8 trillion dollars which meant that the military had basically just oopsied away more than a years’ worth of the governments entire bankroll. The public was furious to say the least, and rumours quickly started circling about where this money ended up. Fortunately for Rumsfeld and the entire militaries senior brass the public announcement of the missing money was made on a very opportune day, September 10th.#HowMoneyWorks #business #finance -------Edited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesAll 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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

You Suck at Investing. Upgrade 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 👈-----Investing is the most important thing you can do to reliably build wealth during your life. The only problem is… you inevitably suck at it…The S&P 500 has a historical average return of 10.4% over the past 100 years, even when including all the major stock market downturns during that time. $10,000 invested in 1972 would be worth $1.7 Million today. But look around, and you will be hard pressed to find anybody who has made themselves wealthy EXCLUSIVELY through diligent investing practices.Research done by Dalbar Inc an investment research firm found that the average equity fund investor only made average annualized returns of 4.25% over the past 20 years. To understand how big a difference this truly is, the same investor getting those returns would only turn their initial $10,000 investment into $83,000 today over the same 50 year period.People are terrible at investing, YOU are terrible at investing, and even finance industry professionals are buy and large… terrible at investing. The only real solution is to stop trying. #Investing #PersonalFinance #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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Good CEOs Should NOT be Visionaries. Thank you Helix for sponsoring! Visit https://helixsleep.com/howmoneyworks to get up to $200 off your Helix mattress, plus two free pillows #helixsleep Sign up for my newsletter https://compoundeddaily.com 👈-------The FTX Bankruptcy has shed light on a lot of bad business and investing practices both within the company and outside of it. One of the biggest issues that now seems funny in hindsight was the undue attention placed on the businesses founder and CEO, Sam Bankman-Fried or SBF as he is better known amongst recently bankrupted crypto bros. In the lead up to its eventual collapse, SBF arguably got more attention than the multi billion-dollar organisation he ran. Unsophisticated financial commentators all the way up to the worlds largest venture capital firms were captivated by the fact that he wore the same sneakers as their grandparents and drove a Toyota corolla. As the FTX story unfolds allegations are now coming to light that this geeky persona was little more than a carefully curated image and that Bankman-Fried would go so far as to intentionally act erratic with outside investors because it furthered his image as some kind of misunderstood visionary genius. But what was for some reason a big selling point for SBF and his doomed companies should really be a cautionary tale for all of us. Visionaries do not make good CEO’s and to take it a step further, good CEOs should not be visionaries. It’s easy to throw stones at the rubble of a bankrupt company like FTX, but celebrity CEO’s have become a genuine problem that might be costing us all a lot of money even if we don’t directly invest in their companies. So it’s time to learn How Money Works to find out why knowing who the CEO of a company is could be a really bad sign. #ceo #business #howmoneyworks ------Credits:Thanks to EdEd6767 for the photo at 7:19https://commons.wikimedia.org/wiki/File:Exterior_of_YouTube_Space_Kings_Cross.jpgEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Are YouTube Ads Full Of Scams? - How Money Works For 65% off with HelloFresh plus FREE shipping, use code HMW65 at https://bit.ly/3RL4SaESign up for my newsletter https://compoundeddaily.com 👈-----AdSense through Google, (which also services YouTube) is the biggest advertising service on the planet a title it has held for over a decade. According to the companies 2020 filings they generated 147 billion dollars in revenue from online advertising. This included everything from banners on websites to the ad that you watched before this video started. It’s a great business model and it finances the free google powered services that we all take for granted, I mean who here pays for their personal email?But there is a problem with these ads that is very different from what you might see on traditional television, or on the radio, or in a newspaper (if you are still old school enough to read those). Ads on YouTube just seem to be full of scams. I wasn’t sure if this was just me, but a recent community poll revealed I am not alone, and I wanted to figure out why. Whether its some hustle bro telling you how you can make a million dollars a month by day trading, or a mobile game ad that is showing gameplay that looks literally nothing like the game itself, its all very questionable. So it’s time to learn How Money Works#business #finance #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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

WTF Does Private Equity Actually Do? Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - https://www.compoundeddaily.com/Support me on Patreon - https://www.patreon.com/HowMoneyWorks-----My Other Channel: @HowHistoryWorks Edited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupSign up for my 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.-----Private equity has minted more global billionaires than Oil and Technology.It’s a four point seven TRILLION-dollar [$4,700,000,000,000] global business that according to some outlets has crushed your ability to buy a house and your chance to relive your childhood at Toys R Us. Private equity is simultaneously the ultimate career goal of every insufferable business bro AND the cause of all the world’s problems…But what do these people actually do? Private equity is nothing more than any investment company that invests into assets that are not listed on public markets. The variety of private equity companies is enormous. Some private equity firms will invest in very early-stage startups and give them money to grow their business and acquire new customers, these firms tend to go by name venture capital, but that’s still a type of private equity. Other private equity companies focus on buying alternative assets like airports, toll roads, intellectual property rights and carbon credits. These firms offer liquidity to asset holders that would find it almost impossible to sell what they own without their services; you can’t put your North Dakota drilling rights on Facebook Marketplace and expect to find a buyer. If something is worth money, there WILL be a private equity firm that will try and make a deal out of it. There are even private equity firms that are called a fund of funds, which you guessed it, raises money to invest into OTHER private equity funds, BUT when you hear politicians, journalists and angry people online talking about “private equity”, they are normally talking about the buyout funds…If you can start and run a successful buyout fund, there is a good chance you will become a billionaire because these firms are fine tuned to make the most amount of money possible from buying entire companies. So, if you wake up one day and decide to start a private equity firm specializing in corporate buyouts here is what you will actually need to do in 3 easy steps. Step number one, before you even think about going out to find your first investor or acquisition opportunity is to get your corporate structure right.So it’s time to learn How Money Works to find out what private equity firms actually do. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Porsche is a Hedge Fund That (Sometimes) Makes Cars - How Money Works Enjoy high quality publications in audio by using this link to get 1-month FREE of NOA. Https://bit.ly/3KrES1CSign up for my newsletter https://compoundeddaily.com 👈___Link to the history video https://www.youtube.com/watch?v=FiR5hdXZv3AWhen you think of Porsche you probably think of fast cars, and finance bros. Porsche's are expensive but decidedly less flashy than their Italian rivals so they do well with the people that want an expensive sports car but don’t want to explain what they do for a living every time they stop t a gas station. What you might not know is that Porsche and the finance bro’s that enjoy the fast cars they make have more than a producer customer relationship. Porsche is itself, effectively an investment firm that happens to occasionally make cars on the side. If you weren’t confused already, Porsche Automobiles is owned by the Volkswagen group, the company that makes the golf and the beetle, but the Volkswagen group, is owned, by Porsche. You can also buy shares in Porsche, as well as Volkswagen because they are both public companies listed on the Frankfurt stock exchange, however, Volkswagen has announced plans to take Porsche public at the end of the year, even though it already is a public company. This corporate mess is only where the weirdness begins, because besides making cars Porsche has investments in companies that make commercial 3D printers, laser systems, and satellite launch platforms. #business #finance #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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

The (Idiotic) Rise of Billionaire Doomsday Bunkers 🌟 Don’t wait. Start an exclusive 7-day FREE trial of Motion at → https://www.usemotion.com/ytcreator/howmoneyworks------Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----Douglas Rushkoff's Survival of the Richest: https://rushkoff.com/books/survival-of-the-richest-escape-fantasies-of-the-tech-billionaires/Joe Scott on Accelerationism: https://youtu.be/CQmoQEeNYrs?si=NR69T852d-l_t2d6My Other Channel: @HowHistoryWorks Full Compilation Channel: @HowMoneyWorksUncut 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.#business #billionaire #money -----Doomsday prepping has been around since prehistoric mammalian creatures stuffed some extra nuts into a tree to survive the winter…Humans and ESPECIALLY American humans became particularly fond planning for the end of the world during the Cold War when nuclear Armageddon was a very real possibility. Ever since, it has become something of a utilitarian hobby for millions of people spawning a multi-BILLION dollar industry selling bunkers, ration kits, bug out bags and hunting supplies.The demand has grown so quickly that top of the line air filtration systems have become collectors’ items because there simply aren’t enough for everybody who wants them. What is interesting (or maybe a little bit concerning) is the particular group that is planning for the end of the world in higher numbers than basically anybody else… billionaires…In a game of Survival of the richest, people like Zuckerberg, Peter Theil, Sam Altman and the former CEO of Reddit have all reportedly invested tens of millions of dollars in lavish accommodation to wait out the end times… These are just the ones we know about, in a game where discretion is obviously a big advantage. So why the fuck has there been such a boom in doomsday bunkers for billionaires? And is this all… just… really stupid… ?Well it’s time to learn How Money Works to find out why some of the world's wealthiest people… are actually looking forward to the end of the world as they know it. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Yes... People ARE Angry 🔒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 @HowMoneyWorksUncut @HowHistoryWorksUncut 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.#finance #economy #money -----For some reason everybody keeps asking if “you feel better today than you did 4 years ago”, and for many people, the answer is pretty clear…Prices for everything they are buying have stabilized but they haven’t gone back DOWN, The AVERAGE household is now making more than ever before but the MEDIAN household is still worse off in real terms than they were in 2019, which means a lot of people are just falling further behind. That is, they are falling further behind the small group of households pulling the average up, and they are falling further behind on their own personal finances.Household savings have been eliminated while credit card debt has climbed to its highest level in HISTORY, housing is less affordable than ever ESPECIALLY for people who weren’t lucky enough to lock in generationally low interest rates, And the job market has become filled with automated systems, endless interviews and roles that never really existed. Unemployment may be down but that data point completely ignores the millions of people who have simply given up.There are a lot of REAL problems hurting a lot of real people… and the worst possible thing you can do… is tell them how great everything is and how grateful they should be…. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Job Security is Dead... And Nobody Cares Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at https://manscaped.com/howmoneyworks ! #fathersday -----Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----My Other Channel: @HowHistoryWorks Edited 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 #business -----Jobs 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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

WTF Do Think Tanks Actually Do? 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/-----My Other Channel: @HowHistoryWorks Edited 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.#business #finance #career ------Think tanks are legitimately some of the most powerful organizations you have never heard of. They play a key role in influencing local, state, national and even global policy by hiring the smartest people in the world and paying them huge salaries to argue their point of view into the ears of people with power. Some of the biggest think tanks in America have more influence over legislation than our elected officials and have become so integrated into the political process that Washington would grind to a halt without them. It’s easy to see why people believe that think tanks are shadowy organizations pulling the strings of power, while insiders claim that they are just a cog in the machine keeping democracy intact…But what the do these organizations actually do? Politicians create laws in so many diverse fields that it’s literally impossible for them to actually understand most of it. If you woke up one day and found yourself elected to federal congress then you are going to need to review bills that get introduced so you can make an informed vote to pass or block it. But when the men and women who decide how the country is being run rely on unelected experts getting huge salaries from… somewhere?… you already know that there are going to be bad outcomes, but I am here to tell you that… it’s even worse than you think…So it’s time to learn How Money Works to find out what think tanks actually do 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Can We Afford For Everybody To Be Financially Responsible? Get a FREE bag of coffee with a new Trade subscription: http://drinktrade.com/howmoneyworksSign up for my FREE newsletter! - https://www.compoundeddaily.com/Support me on Patreon - https://www.patreon.com/HowMoneyWorks-----My Other Channel: @HowHistoryWorks Edited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupSign up for my 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.#personalfinance #wealth #investing -----You are probably terrible with money. Credit card debt is at an all-time high, a majority of Americans can’t afford a $1,000 expense without going into debt, and even one third of people that earn two hundred and fifty THOUSAND dollars a year [$250,000] OR MORE live paycheck to paycheck. But is this a good thing for the small minority that do keep their spending in check? Or can we afford for everybody to be financially responsible? If everybody was financially responsible there would be nobody left to spend money on disposable consumer junk, overpriced restaurant meals, leased pickups and day trading courses, but all of these purchases give other people a job. If YOU are being financially responsible, are you denying an opportunity to someone else to be financially responsible? And does that mean that you should be grateful to all the people living pay check to pay check? The average American is not in a comfortable financial position at the moment and it’s the same story everywhere around the world. Money that people saved up in the pandemic has evaporated and credit card debt has taken its place. But how much of this is recklessness and how much of this is people who do not make enough money to keep up?So it’s time to learn How Money Works, to find out if we can really afford for everybody to be financially responsible, and if we would even want that to happen. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

nOboDy wAnTs tO HaVe kIdS AnyMore Prioritize your sleep for a productive and healthy year and use code HMW at check out with up to 35% off Dream by Beam 👉🏻 https://shopbeam.com/HowMoneyWorks-----Book recommendation - https://howmoneyworkslibrary.com/capital-in-the-twenty-first-century-----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 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.#career #finance #economy -----The end of the second world war resulted in a massive spike in fertility across the world that gave rise to the largest generation in history, the aptly named baby boomers. Soldiers returned home, young, dumb and full of… patriotic spirit and (especially here in America), this family centered growth coincided with what many believe to be the golden age of capitalism. Homes were cheap, the free market was providing newfangled products to consume, jobs could provide a stable and comfortable living, and the only thing left to do was to get busy starting a family. Now this is such a rose tinted version of history that it borders on being inaccurate, but that doesn’t actually matter. Today we are dealing with expensive homes, overconsumption of disposable consumer junk and jobs that are extremely insecure. So naturally the most pressing question for governments around the world is… how to make people make babies again? 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

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% offDeleteMe 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 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.#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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

The Homeless Industrial Complex Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at https://manscaped.com/howmoneyworksSign up for my FREE newsletter! - https://www.compoundeddaily.com/Support me on Patreon - https://www.patreon.com/HowMoneyWorks-----My Other Channel: @howhistoryworksEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupSign up for my 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.#business #housing #realestate -----America has a homelessness crisis as record numbers of people are ending up on the streets of a few concentrated city centers. Cities are spending billions of dollars on failing projects to try and solve this problem which has attracted a growing list of companies happy to provide their services… for a price. Helping the homeless has become a lucrative business with multimillion-dollar government contracts awarded every day. but if there is so much money to be made, do these companies really want a long-term fix? According to a report by the consulting firm McKinsey and Company, the annual budget for the Los Angeles Homeless Services Authority rose from sixty-three million dollars [$63,000,000] in 2015 to eight hundred and eight million dollars [$808,000,000] in 2022, a thirteen HUNDRED percent increase in just seven [7] years… And what did the hardworking taxpayers of Los Angeles get for their money?... The number of homeless people went UP by 56%. Ignoring for a moment that everybody deserves the right to affordable comfortable shelter, there is something not quiet adding up here. A closer look at individual programs like the “Inside Safe” homelessness reduction policy doesn’t make it much better. The idea of this program was to have social workers offer hotel rooms to homeless individuals while they sought out longer-term housing arrangements. Data collected by the city and compiled by local news outlet the center square found that the plan had cost two hundred and fifty MILLION dollars [$250,000,000] over just one year. The program only served one thousand four hundred and sixty-three individuals which works out to be seventeen thousand dollars [$17,000] per individual, per MONTH. That is over two hundred thousand dollars [$204,000] every year been spent on ONE individual in ONE program in just ONE city in America. So where is all this money going? And at what point would it just be easier to give homeless people checks for three times the national salary? Well, there are three reasons why cities across America and the rest of the world are spending more money than ever on this problem while not making it any better. So it’s time to learn How Money Works to find out why throwing money at a complicated problem is not fixing it. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

WTF Does the Board of Directors Actually Do? Go to https://ground.news/money to stay fully informed on the biggest news in finance, and the world. Subscribe through my link for 40% off unlimited access this month.----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 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.#business #finance #boardofdirectors -----To kick off the new Year, Mark Zuckerberg (a man who is definitely not having a mid life crisis) announced that Dana White, the President and CEO of the Ultimate Fighting Championship had been elected to Meta’s board of directors. The decision was met with some… “mixed”... Reactions from company employees and stakeholders.But what most people don’t realise is that this decision is really not that unusual… The board of the Embattled Boeing Corporation recently appointed Mortimer J Buckley, the Former CEO of the Vanguard Group, who ALSO serves on the board of Pfizer, alongside James Quincey, the CEO of the Coca Cola company who also serves on its board, alongside Bela Bajara, the Chief Content Officer of Netflix, who serves under a board which includes Anne Sweeney, the former chairman of of FX Networks who worked under Tony Vinciquerra the Chairman of the Fox Networks GROUP, who currently serves on the board of Qualcomm, a company formerly managed by Steven Mollenkopf… who currently sits on the board of directors of Boeing… It’s a great big club… and you ain’t in it… 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

The Great Wealth Transfer... Won't Change Anything (probably) The first 500 people to use my link will get a 1 month free trial of Skillshare https://skl.sh/howmoneyworks07241-----Sign 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.#wealth #finance #realestate ----In the coming decades, the wealthiest generation in history will… die. It’s an unfortunate albeit inevitable fact of life… but baby boomers will eventually go extinct, and they will pass down over ninety TRILLION dollars [$90,000,000,000] to the next generation within America ALONE. This much money COULD fix a lot of problems like student debt, unaffordable housing, inadequate retirement savings and record credit card debt. BUT don’t get too excited just yet, because at best the great wealth transfer is a financial illusion, and it could actually just end up making things worse…Baby boomers are the wealthiest generation in history. In America they control half of the nation's wealth according to the 2024 wealth report prepared by the property management company Knight Frank. Other sources estimate that baby boomers only hold a mere seventy-eight trillion dollars [$78,000,000,000] in assets That difference of 12 trillion dollars is due to what you really define as wealth, and that slight difference in opinion is more than the collective wealth of half the planet.Regardless of the exact methodology used to calculate generation wealth they all agree on one thing, baby boomers are the kings and everybody else has been left is holding onto what is left over. That concentration of wealth has according to many come at the expense of younger generations who are now poorer than their parents were at the same age So that means that when life finds a way and this wealth is passed down it should fix these generational issues right? Wrong… So it’s time to learn How Money Works to find out why the great wealth transfer… probably won’t change anything 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

Fraud Has Cost You Your Financial Future Click here https://bit.ly/HELLOMONEYDEC and get 65% off with my code HELLOMONEY if you’re in the US but wherever you’re watching from you will also get a very special discount as it’s valid internationally!Sign up for my newsletter https://compoundeddaily.com 👈-----With the collapse of FTX, the conviction of Elizabeth Holmes and the widespread rejection of everything NFT all happening within the space of a month, financial fraud is once again big news, and it should be because it is costing you your financial future. This is not your imagination either, incidents of identity theft, wire fraud, investment scams, pump and dumps, Ponzi schemes, phishing attacks, and sophisticated hacks are all at all time highs. Fraud cost Americans a total of 5.8 BILLION dollars in 2021, and most trackers suggest that number will be even greater this year. these stories can be easy to ignore because the victims of these crimes often had to, frankly, be pretty stupid and financially illiterate to get caught up in them. Anybody who has been anywhere near the internet in the last 20 years should know by now you don’t send money to Nigerian princes with yahoo email accounts or corporate executives playing league of legends during an investor meeting. It’s all pretty common-sense stuff, and you might then incorrectly assume that the rise in fraud is of no concern to you. When you really think about it that 5.8 Billion dollar figure sounds bad, until you work out that that’s only $17.50 per American for an entire year, not to flex too hard but I have spent more on a Starbucks coffee before. It’s hard to see how such a small cost could be doing something as severe as costing young Americans their financial futures, but it is.So it’s time to learn How Money Works, to find out why you really need to start taking stories about fraud personally, even if you never think that you would be dumb enough to fall for these schemes yourself. -----#fraud #finance #business 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/@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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

So uhhh... Are We In A Recession Yet? 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. --- Learn more about your ad choices. Visit megaphone.fm/adchoices

Why BlackRock is Building a New Stock Market... In Texas Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----My Other Channel: @HowHistoryWorks Edited 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.#business #finance #texas -----Last week Blackrock (the world's largest asset manager), and Citadel Securities (the world's largest hedge fund) teamed up to make a major announcement that could reshape global financial markets. They were going to team up to create a new wall street… in Texas. These two companies have the financial muscle to make a “Texas Stock Exchange” viable, but the question is… why? The startup exchange that will be located in Dallas is already taking shots to challenge the dominance of the New York Stock Exchange and the NASDAQ which are both located in New York City and are by far the largest exchanges in America, and also the largest exchanges in the world. Both of these incumbents are private businesses that make money by providing a place where public stocks and other financial instruments can be traded securely.They make their money by charging companies that want to list on their exchange a one time IPO fee and an ongoing annual fee. The New York Stock Exchange is really not much different to a farmers market where businesses will pay the market organizer for the right to sell their stuff in a place with lots of customers. The only difference is that instead of beets, and artisanal honey, they are selling shares in their company. If the New York Stock Exchange is like a farmers market then the NASDAQ is like ebay, it’s still a marketplace but it’s all done online. The NYSE is owned by a company called Intercontinental Exchange whos shares you can buy on the New York Stock Exchange so apart from a lot of regulatory paperwork there is nothing too special about these companies. As long as a business gets approval from the Securities and Exchange Commission there is nothing to stop them from establishing their own stock exchange wherever they want.The reason they both happen to be located in New York City has more to do with legacy than any pragmatic benefits of operating in a state that is actually not particularly business friendly. The New York Stock Exchange was formed when New York was still a trading center and the NASDAQ set up there in 1971 because at the time the city was the undisputed business capital of America and back then physical proximity was much more important than it is today even though it has always been an electronic exchange. So why is this new challenger bucking the trend and setting up in Texas?Well… why not Texas? So it’s time to learn How Money Works to find out why some of the most powerful financial institutions in the world want to build a new Wall Street in Texas. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices

The Tax System is Broken... In Just The Right Way Looking to grow your business online? Get started today with a free 14-day trial from Odoo: https://www.odoo.com/r/xwl------Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://howmoneyworkslibrary.com/-----My Other Channel: @HowHistoryWorks Edited 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.#tax #finance #money ----The Federal Tax Code when written out from beginning to end is about two thousand six hundred [2,600] pages long. Depending on who you ask it can be as SEVENTY THOUSAND [70,000] pages IF you include all of the relevant legal rulings on the contents of the code itself. This snowballing complexity would be a big enough headache by itself, BUT the biggest problem of all, is that the Federal government only collects about a dozen different taxes… The guidelines on what these taxes are, how they are calculated and how they are collected take up a total of about 250 pages… everything ELSE in the code is allowances, credits, deductions, offsets, incentives and deferments. And that’s just FEDERAL taxes, things become EXPONENTIALLY more complicated when local and state taxes are included as well. Now it doesn’t matter if you believe that all taxes are theft, or if you think that the rich should be taxed out of existence, the CURRENT system is broken in JUUSSTT the right way.Ok so it’s no secret that tax loopholes benefit the rich… and that’s for TWO reasons… HOWEVER most people choose to just focus on one. The first reason is because wealthy people can afford to pay the billable hours of accountants and tax lawyers to set up their personal finances and business structures to take advantage of these loopholes. According to the National Association of tax professionals the average cost to prepare an individual tax return in America in 2023 was two hundred and forty eight dollars [$248]. That’s ALREADY more expensive than it should be BUT tax services go way up from there. Tailored tax services that submit the paperwork required to take advantage of some of these loopholes can cost tens of thousands of dollars every year to put together. That means that it’s only worth it for people that can save hundreds of thousands of dollars in tax by diligently structuring their affairs. The SECOND reason that tax loopholes only benefit rich people is because… they are the ones that pay tax. But distorting already highly problematic markets is just the first problem with the loophole arms race. So it’s time to learn How Money Works to find out why our taxes are so hard to fix. 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. - Learn more about your ad choices. Visit megaphone.fm/adchoices