Have We Made The World Too Convenient? How Money Works 2026-09-23 | Have We Made The World Too Convenient?
Strikes Just Shut Down Americas Most Important Ports... WTF Happens Now? (Never mind it’s over) How Money Works 2024-10-03 | 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! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----My Other Channel: @HowHistoryWorks Uncut 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 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.#strike #business #shipping -----At midnight on Monday this week, 45,000 dock workers, operating 36 ports across America walked off the job as part of their union’s first strike since 1977. These ports handle TRILLIONS of dollars’ worth of trade every year and are an essential bottleneck in global supply chains. This will affect everything from the fight with inflation, to manufacturing jobs, to just your ability to buy some junk off Temu… oh and I don’t know if you have noticed, but this is also happening right before an election…The accusation has been made that this is just an opportunistic money grab directed at the most vulnerable part of the economy, made by workers who are already earning MUCH more than the national average… So why are these workers striking? … and what happens now that they are? The Union is asking for the standard renegotiation of pay and conditions, but the Maritime Alliance is arguing that their demands have gone too far… and… I can’t believe I am going to say this… but… they might have a point…According to a the associated press the union’s demands are a 77% increase in pay across all workers to be implemented over the next six years, and a COMPLETE ban on automation which could replace workers jobs… The union is arguing that despite these earning the pay increase is not unreasonable considering this is just an opening offer which is already being negotiated AND it’s meant to be incremental across six years which means their pay will “only” increase by about 9% year to year… Union workers believe they are in a fight for the future of their jobs and the ports are desperately trying to catch up with other global rivals, and it’s unclear how either of them are going to back down from their non-negotiable positions…So, it’s time to learn How Money Works, to find out what shutting down a crucial supply channel means… for everybody else in the world.
The Skills Gap Myth How Money Works 2024-09-30 | 🔒 Secure your privacy with Surfshark! Enter coupon code MONEY for 4 months EXTRA at → surfshark.com/money-----The Market Exit's Video: youtu.be/QoFLHx-t-Yk?si=1PnSEbZi7y0BbKBpSign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----My Other Channel: @HowHistoryWorks Uncut videos: @HowMoneyWorksUncut Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter 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.#jobs #business #career ----There are eight point two MILLION job openings in America right now, and around seven million people actively looking for a job… There are also millions of American who have simply given up on even trying to look for a job, but still companies are complaining that they can’t get the people they need…There is one reason that has been used time and time again to explain this all. yep… the skills gap… There are people looking for work, and jobs on offer… but the skills of those people and the requirements of the jobs just don’t line up… It’s a simple elegant explanation to a major problem… but it’s also almost entirely made up… The skills gap also known as the skills shortage, or just good old structural unemployment is a convenient excuse for a lot of the major issues in todays job market that are often swept under the rug by businesses, politicians, and even economic statistics. If a hospital is hiring a doctor, but the only person in the town looking for a job has a degree in computer science then obviously that role is not going to be filled regardless of how much time and effort the applicant has put into their education. The argument that you would have seen is that this same problem is playing out everywhere across the world which is why even if companies claim to be desperate to hire people, you may struggle to find a job… The whole argument conveniently shifts the blame of any labor market problems onto the workers because they are the ones that haven’t trained the right skills or developed the right experience. So it’s time to learn How Money Works to find out how the myth of the “skills gap” helps everyone… but you.
Why 10 Million Men Have Given Up on Work... How Money Works 2024-09-27 | 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.-----Book: Men Without Work - howmoneyworkslibrary.com/men-without-work Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----My Other Channel: @HowHistoryWorks Full length compilations: @HowMoneyWorksUncut Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter 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.#work #finance #money -----Four years ago, America and the rest of the world saw its most intense spike in unemployment in recorded history…In today’s news cycle that is ancient history, but what it’s ignored, is what has been left behind.There are now over 10 million people (mostly men) in America who are not working, not studying, not retired and not institutionalized… they are just doing… nothing…Covid accelerated this trend, but it’s been going on for decades… since the 1960’s about 0.1% of American men have given up on work to never come back… EVERY… SINGLE… MONTH So why are so many people giving up so consistently? And more importantly… how are these people surviving without a job in this economy?There are a lot of reasons why someone might not participate in the labor force.They might have retired, they might still be studying for qualifications, there are people who are too sick to work, stay at home spouses, members of the military who are clearly working but don’t officially count as part of the labor force and then of course there are just really rich people who don’t need to work to maintain their lifestyle. There are also just regular people who are unemployed… These groups have always existed but there is a new group growing alongside them which are people who have just given up… So it’s time to learn How Money Works to find out how these people are surviving without work, and what it means for the rest of the workforce if they never come back…
The (Idiotic) Rise of Billionaire Doomsday Bunkers How Money Works 2024-09-20 | 🌟 Don’t wait. Start an exclusive 7-day FREE trial of Motion at → usemotion.com/ytcreator/howmoneyworks------Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----Douglas Rushkoff's Survival of the Richest: rushkoff.com/books/survival-of-the-richest-escape-fantasies-of-the-tech-billionairesJoe Scott on Accelerationism: 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 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.
The Rise And Fall of the Tech Bro How Money Works 2024-09-12 | 🔒Remove your personal information from the web at joindeleteme.com/HMW and use code HMW for 20% offDeleteMe international Plans: international.joindeleteme.com 🙌----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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…
Why A Record Number of CEOs Are Resigning How Money Works 2024-08-31 | To try everything Brilliant has to offer for free for a full 30 days, visit http://www.brilliant.org/howhistoryworks. You’ll also get 20% off an annual premium subscription.----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----My Other Channel: @HowHistoryWorksVideo collections: @HowMoneyWorksUncut Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter 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 #ceo #career -----Within the last six months the CEOs of Nestle, Boeing, Starbucks, Peleton, Paramount, Zillow, Amazon Web Services, Snowflake, Hertz, HSBC Grayscale, Under Armor, Papa Johns and Discover have all stepped down (voluntarily or otherwise) from the top job.Collectively these men controlled companies with TRILLIONS of dollars in annual revenue and now… they are all gone.These were just the BIG names too… CEO turnover in companies of all sizes is now higher than it has been since the start of the pandemic which begs the question, why is this happening?... and why is it happening now?...Chief Executives and other c-suite executives are just employees like any other which means eventually they either quit, get fired or die in their jobs.CEO layoffs HAVE spiked but maybe that’s not too surprising considering layoffs in A LOT of industries have also spiked. But this is actually NOT normally how it goes.If you ever find yourself in the top job at a major company, you should know that your position is simultaneously far more secure and far more fickle than the average rank and file employee working under you. As a CEO your position is unique because there is no other employee at the company with the authority to fire you, the only people that can do that are the board of directors who themselves are representatives of the shareholders. During periods of uncertainty, the last thing that companies want to do is switch up senior leadership unexpectedly because that signals to the market that something is not right which could tank the stock price. Since the board of directors represent the shareholders and individual directors usually ARE major shareholders themselves, they have an incentive to avoid doing anything that could hurt the stock price unnecessarily. For this reason, CEO’s are rarely fired outright and are instead offered generous exit packages to “step down” amicably in a way that won’t scare investors in the business. Outside of high-profile cases where the business has CLEARLY been mismanaged or in casews where the CEO has made VERY unpopular decisions, it can be hard to tell if outgoing CEO’s have been pushed out or are simply retiring. According to Fortune Magazine itself the average age of a fortune 500 CEO is FIFTY SEVEN years old, and their average compensation package was sixteen point three MILLION dollars. If you are THAT old and have THAT much money, it’s not unthinkable that you would want to retire or pursue less intense roles more suited to your old age… like political office…But if CEO exits are treated so seriously and secretively, why has there been such a big spike all of a sudden?
Why BlackRock is Building A New Investment Market... In Saudi Arabia How Money Works 2024-08-26 | The first 500 people to click my link will get a 1 month free trial of Skillshare https://skl.sh/howmoneyworks08241-----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.#blackrock #finance #business -----Blackrock the world’s largest asset manager has recently announced that it will be launching a new investment platform in Saudi Arabia with an anchor investment of five billion dollars [$5,000,000,000] coming from the kingdoms own sovereign wealth fund.BlackRock has been a long-time champion of investments based off Environmental, Social and Governance criteria which obviously vibes well with the authoritarian Petro-state.The companies CEO Larry Fink said in an interview that the Kingdom “has become an increasingly attractive destination for international investments” but that’s not really true…So what is Blackrock ACTUALLY doing in Saudi Arabia?Blackrock is best known for creating mutual and exchange traded funds for individuals and other institutions to invest in. Their biggest exchange traded funds are mostly passive indexes that makes buying a broad portfolio easier for regular investors. They take a small fee for managing these index funds but because those funds are so popular even a small fee generates a LOT of revenue. The trillions of dollars in assets they manage through these investment vehicles has drawn a lot of criticism from people claiming that they secretly control the world… normally the help of some laser eyes… Now while they do manage trillions of dollars in assets, it’s not THEIR assets and there are strict mandates outlining what they can and can’t do with the funds that they manage on behalf of the millions of investor they work for, but that doesn't mean that the company doesn’t deserve a healthy amount of criticism. If anything, the narrative that they secretly own all of the worlds biggest companies distracts from the actual shady stuff that they and other large investment firms do. The company also has operations providing advice, technology and investment infrastructure to banks, pension funds and even entire governments which is what it is doing in Saudi Arabia. Blackrock first set up an office in the Kingdom back in 2019 with the initial intention of providing financial services to “sophisticated investors” according to the companies own website. The remote branch of the Blackrock global operation hasn’t really done much until the announcement earlier this year that it would be partnering up with the Public Investment Fund to launch an investment platform with the stated goal of making it easier for international investors to invest into Saudi Arabia as well as other countries in the Middle East and North Africa. The pitch is that these markets are growing and there aren’t as many investors operating in the region so there are potentially outsized returns to be made while markets in the west are overvalued. Big investors already know this… but there is a very good reason why they don’t invest in places like the middle east… and that’s because they are INCREDIBLY risky, and outside of oil… and constructing dumb buildings FUNDED by oil, there really isn’t that much to invest in. A well-known American company like Blackrock could ease these concerns with big investors and act as a middle man between them and the projects actually getting their money, which is really, when you think about it, ALL that their company does.
Why Everything is a Monopoly... Again How Money Works 2024-08-21 | Sign up for a FREE career session with TripleTen → get.tripleten.com/HowMoneyWorksUse promo code: HowMoneyWorks-----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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 #money -----Last week, between record market crashes and rebounds, endless election nonsense, and the wrapping up of the Olympic games one of the most important legal verdicts ever was being made.District judge Amit Mehta ruled that Google was a monopolist AND acted as one to maintain its own monopoly. This surprised… absolutely nobody… but it also surprised everybody because every trillion-dollar company in the world today is a monopoly of some kind… illegal or otherwise. The market assumption WAS that regulators would keep looking the other way and let this happen forever… but that is changing… which is bad news for corporate America… because I don’t know if you have noticed but there aren’t that many companies anymore… For an alarming amount of major companies, becoming a monopoly isn’t just a good way maximise profits, it’s the ONLY way they can make a profit. Not all monopolies are necessarily illegal and hot take alert… but some of them can even be good for consumers…A company is allowed to have market dominance if their product is better than all of their competitors or if no competitors even bother trying to compete because one company has such a commanding lead. Google for a long time had the best search engine on the internet but people chose to google things because that would normally give them the best search results. That’s not illegal, UNLESS that company uses it’s market dominance to entrench its position and make it harder for other to compete. The goods and services that we consume are FAR more varied today than they ever have been at ANY point even in modern history. four decades ago, there WEREN’T any search engines to monopolize and the worlds biggest companies made far more basic products. Take US Steel and NVIDIA, both of these companies were the most valuable in the world at their respective peaks, both of them made products primarily to service other businesses, and both of them were at the forefront of an industrial trend. US Steel was making… well… steel right as America was on a building spree and NVIDIA is making H100 GPU’s right as the world is pumping AI into everything. The difference is that steel beams are an extremely basic product compared to cutting edge proprietary microprocessors. According to company filings NVIDIA sold one hundred and fifty THOUSAND of these chips to Microsoft alone and another one hundred and fifty thousand to Meta so that the companies could accelerate the rate in which the internet is turned into procedurally generated slop… NVIDIA owns the market for AI compute because it has developed CUDA which is the industry standard for building machine learning models. Remember, dominating a market because you can undercut your competitors or force suppliers not to work with them is illegal, but monopolizing a market because your product is better is completely fair game. So it’s time to learn How Money Works to find out why the good types of monopolies don’t last and why we are suddenly getting so many of the bad kind instead.
this video aged like milk How Money Works 2024-08-08 | Enter the Sweepstakes for FREE using my link ridge.com/money. No purchase necessary to enter or win. Sponsored by Ridge.-----Sign up for our FREE newsletter! - compoundeddaily.comGeorge Soros books The Alchemy of Finance - amazon.com/Alchemy-Finance-George-Soros/dp/0471445495Lecture Series - youtube.com/watch?v=RHSEEJDKJhoBooks we recommend - 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 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 #blackmonday #stockmarket -----On Monday the 6th of August the S&P 500 opened down almost three and a half percent with the Nasdaq down FOUR percent and other global markets down by significantly more than that. [put up the google 5d graphs for S&P 500, NASDAQ, ASX 200, Euro NMarkets like the Nikkie 225 are down over TWELVE percent, and Taiwan’s main stock Index having its worst day in HISTORY.This followed a weekly trend that has seen TRILLIONS of dollars wiped off markets around the world and fingers being pointed at Japan, the Fed, greedy wall street traders or really whoever else people want to blame when things go wrong. And then just to prove that nobody fully understands what is going on… just one day later markets across the world rallied almost covering the losses from what people are now calling the new “Black Monday”.Since you should expect a lot of YouTube thumbnails with red graphs, laser eyes and (so so many) flames in your immediate future now is probably a good time to ask… what is happening to the stock market… right now? Japan’s economy has been stagnant for more than three decades now, and the Japanese Government along with its central bank has been trying to change that by keeping interest rates extremely low, even going NEGATIVE between January 2016 and January 2024. It was hoped that these low rates would encourage local borrowing boosting the domestic economy but when that never happened the Bank of Japan almost became stuck offering these low interest rates because any increase would further slow down an already sluggish market. It might not have done much for Japan, but investors took advantage of these low interest rates by borrowing money in Japanese Yen and then either investing in Japan, or more often exchanging Japanese Yen for another currency like the US Dollar and investing in asset markets here in America. Since stonks only ever go up investors could make money on the spread between the low Japanese interest rates and the higher returns they could get in the market. dropping in value relative to the USD so investors could make EXTRA money on the foreign exchange exposure if they didn’t hedge against it. Like all good things, this worked well until it didn’t…
Why Most People Are Actually Too Good For Their Job How Money Works 2024-08-02 | Check out Manta Sleep here tinyurl.com/4w9rc5cu and use code HOWMONEYWORKS for 10% off your order!Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----My Other Channel: @howhistoryworksEdited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter 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 #college -----I have some bad news for you…You probably won’t ever be a tech worker at a FAANG company, a bulge bracket finance bro or a high-powered corporate executive.Society needs people to do the real jobs that keep us housed, fed and safe, and it needs them a lot more than it needs another McKinsey consultant.This is a problem because no matter how you put it, a job where you sit in an air-conditioned office making six figures a year in your first year out of college is way more desirable than doing roadwork in Arizona for 20 bucks an hour.The problem is that everybody is trying really hard to pretend this isn’t true, and the system that has sprung up to maintain this dream has caused more problems than you realize. Peter Turchin is a complexity scientist, who mathematically models the statistical dynamics of historical societies. He coined the theory of “Elite Overproduction”. He argues in his books and papers that societies make workers just like they make anything, a car goes through a factory, and a college graduate goes through a few decades of schooling. At the end you get something you can drive around in and something that can make pivot tables in excel.
If AI Takes All Of Our Jobs... Whos Going To Buy Everything? How Money Works 2024-07-28 | 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! - compoundeddaily.comBooks we recommend - 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 compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#money #automation #career -----Companies have been trying to cut down on workers for as long as those workers have demanded pay and benefits. Whether it’s downsizing, outsourcing, streamlining, understaffing, or automating, if there is something a business can do to get rid of workers and their salaries, you better believe they are going to do it. But this time does feel a little bit different. Recent AI advances have been mocked for not quiet living up to the bold claims of their tech bro founders. But even in their current, imperfect form, LLM’s, general use robots and generative models are ALREADY replacing jobs and they are getting better every day.So that’s bad for workers, but if you are a senior corporate executive or company owner, maybe you should be asking yourself…If we automate everybody’s job… who is going to buy all of your stuff? I have some good news and some bad news for your theoretical company. The good news is that labor reduction systems of all varieties have ALREADY cut out millions of manhours in America alone and made the workers who are left more efficient at their jobs. Artificial intelligence is just another tool that your company can use to get more work out of fewer staff or replace teams entirely. Even here at little old works media group we used to have someone working part time whose job it was just to cut out images on Photoshop to use in our goofy little animations. Now Adobe Suite has inbuilt AI features which can automatically remove backgrounds from any image with absolutely no human time or skill involved. Now if you still think that sounds a bit depressing, well welcome to this channel, but also, I should tell you that market trends say this is already happening… AI isn’t going to change YOUR world, it’s just going to continue a trend that’s been happening for years now. So it’s time to learn How Money Works to find out if how companies are adapting to a world where nobody can afford anything anymore.
Just Work Six Days A Week! How Money Works 2024-07-19 | 🔒Remove your personal information from the web at joindeleteme.com/HMW and use code HMW for 20% offDeleteMe international Plans: international.joindeleteme.com 🙌----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.#work #business -----Late last month, the paragon of wise economic decisions… Greece… introduced a SIX day forty-eight-hour work week.The country did this at the same time as its European neighbours have been successfully experimenting with shorter four-day work weeks, but the Greek government has insisted that this new change is the key to tuning its economy around by simply working harder than everyone else. It’s a bold strategy, and for the sake of working conditions everywhere we better hope it doesn’t work… unfortunately, it just might… It’s very easy for Greek workers to find jobs that pay better in other countries because as a member of the European Union they are free to reside and work across borders with very few restrictions. In order to correct for this loss of manpower the government has decided to introduce a six-day work week to make up for all the workers who have left the country and to support all the elderly people who can no longer support themselves. By raw arithmetic their logic makes sense… kind of…Output is the hourly productivity of a worker multiplied by how many hours they work. If Greece has fewer workers, it can increase its output by just getting those who are left to work even longer and harder. Instead of magically creating high paying jobs like promised, what this new law is really about is squeezing the most out of workers on the other end of the pay scale. Retail, transport, construction and hospitality are jobs where companies just need someone behind a counter or on the tools for as many hours of operation as possible to serve customers periodically. A large share of what’s left of the Greek workforce are in these types of roles, and businesses are ALREADY demanding a lot of extra hours from their employees. It won’t make workers work harder, it won’t create high paying jobs, it won’t improve productivity, it will drive away what few young workers the country has left, it will lower hourly wages and create terrible working conditions for the whole country. It’s all around a terrible policy, but unfortunately, it’s not just Greece doing this.So it’s time to learn How Money Works to find out why the six day work week might be catching on… everywhere…
The Great Wealth Transfer... Wont Change Anything (probably) How Money Works 2024-07-11 | 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! - compoundeddaily.comBooks we recommend - 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 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
Can We Make Houses Affordable... Without Destroying the Economy? How Money Works 2024-06-30 | 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! - compoundeddaily.comBooks we recommend - 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 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.#realestate #housingmarket #money -----Affordable housing has become THE defining challenge of this generation not only in America, but across most of the world. House prices have grown so much faster than wages that young people will struggle for years JUST to save a down payment, all so they can struggle for DECADES to make the RE-payments on their mortgage. At the same time we are told that our home is our biggest asset, and the last time the real estate market saw a significant dip, it took the global economy down with it. So can we make houses affordable… without destroying the economy?According to data from the U.S. Census Bureau the homeownership rate in America is sixty five point six percent [65.5%] so the majority of people have a direct financial interest in not seeing their biggest financial asset lose its value. This is in SPITE of the fact that according to a study by the CATO institute EIGHTY SEVEN percent [87%] of Americans are worried about the cost of housing which means there is a big overlap between people that want affordable housing… as long as it isn’t theirs. This means the only winning course of action for politicians is to performatively make the problem worse. Administration has announced plans to offer tax credits of up to $10,000 to families selling their home to another owner occupant in addition to another tax credit of up to $5,000 to offset mortgage rates for first home buyers. These could be used in conjunction with a TWENTY FIVE THOUSAND DOLLAR [$25,000] bonus for first generation homebuyers.BUT if you are a new buyer and you get $40,000 worth of extra tax bonuses and grants, all that will do is make affordable housing… $40,000 more expensive which doesn’t really make you any better off overall. So just making houses cheaper isn’t enough to make houses more affordable UNLESS you look at some radical… and not so radical solutions, that won’t be politically popular… but just might work…So it’s time to learn How Money Works to find out if you can make the houses affordable… without destroying the economy in the process.
How Fines Became The Cost of Doing Business How Money Works 2024-06-25 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" → manscaped.com/howmoneyworks-----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.-----In 2012 the Hong Kong, Shanghai Banking Corporation best known simply as HSBC was charged by authorities for aiding and abetting the operations of some of criminal cartels between the US and Mexico.Corporate personhood is the legal notion that corporations have many of the same legal rights and responsibilities enjoyed by natural flesh and blood people. They can own property, sue and be sued, donate to political campaigns, and even have defended religious beliefs… … but if a normal person was found laundering money for cartels and the North Korean Nuclear Program, they would be living it up, here in ADX Florence IF THEY WERE LUCKY. HSBC on the other hand still operates across the world, and their punishment for these crimes would be like a normal person getting a fine for roughly 2 months of their wages…So if corporations are legally people… why can’t they be arrested? If companies see fines as “just the cost of doing business” what reasonable punishments are there for organizations that break the law which DOESN’T just end up punishing innocent employees and the wider economy more than it does the people with actual discretion over how these companies act?
The Tax System is Broken... in Just The Right Way How Money Works 2024-06-18 | Looking to grow your business online? Get started today with a free 14-day trial from Odoo: odoo.com/r/xwl------Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.
Why BlackRock is Building a New Stock Market... In Texas How Money Works 2024-06-10 | Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.
How Companies Cheated Price Fixing Laws... With Math How Money Works 2024-06-01 | 🧠 Brain.fm is the best focuse music I’ve ever tried - get 30 days free here https://www.brain.fm/HMW-----Sign up for our FREE newsletter! - compoundeddaily.comThe everything war - amazon.com/Everything-War-Dana-Mattioli/dp/0316269778 (but do consider buying it at your local book store)Books we recommend - 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 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 #inflation #finance ------Algorithms are everywhere. Every app, every website, EVERY business you interact with has a program working away in the background to show you what you want to see, get you to make decisions you didn’t have to, and make you spend as much as you’re absolutely willing to on stuff you didn’t know you needed…A month ago Wendy’s CEO Kirk Tanner announced that the fast food franchise would be introducing dynamic pricing. A system where how much you pay for a Baconator would depend on an algorithm that balanced customer demand with store capacity.According to the companies announcement they were planning to invest twenty MILLION dollars [$20,000,000] into this technology before it was rightfully ridiculed across the internet.This was a win for the little guy that just wanted to clog their arteries at a predictable price point, but Wendy’s only mistake was announcing their plans. Dynamic pricing is already here, and it’s making inflation and essential feature.So it’s time to learn How Money Works to find out how mathematical models mandated inflation.
Job Security is Dead... and Nobody Cares How Money Works 2024-05-28 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at manscaped.com/howmoneyworks ! #fathersday -----Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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…
The American Dream Isnt Dead... You Just Cant Afford It How Money Works 2024-05-20 | Sign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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 #realestate ------How much money would you need to buy the American Dream? Not how much would you need to make in order to afford the REPAYMENTS on the American Dream… how much would you need to buy the house, the two cars, the family and a basic vacation every year? Probably a lot more than you have, right? I know it’s not going to blow your mind to find out that these (supposedly) vital ingredients to a good life have gotten kind of expensive… but it has reached a tipping point.The American Dream is not dead, so much as it’s an extreme luxury that in many parts of the country can now cost as much as TEN MILLION DOLLARS to afford… that’s more than most of us will ever earn in our lifetimes BEFORE taxes, interest payments and basic essentials like… food… Sorry to be the bearer of bad news, but holding onto the traditional financial wisdom of what you AUGHT to have in life is now permanently out of reach for most people and as more Americans realize this, it’s fundamentally reshaping our economy…According to data from the US Fed and the Census compiled in the Cas Shiller Index, the average cost of a home in the US is now more than seven point six times [7.6X] median COMBINED household incomes. That’s now significantly higher than it was in the leadup to the Global Financial Crisis, an economic meltdown enabled by… housing speculation.If you think that’s bad, spare a though for the UK, which has lower wages but similarly priced homes or Canadians who according to data compiled by financial samurai have on average ten percent less [10%] less disposable income but live in houses SEVENTY FIVE PERCENT [75%] more expensive New mortgage rates are also at the highest point they have been since 2000, when home prices were only four times household income. The average person even IF they have a full-time working partner cannot reasonably afford to purchase an average home at current prices with current interest rates without paying more than HALF of their BEFORE TAX income in INTEREST. That’s before principal repayments on the loan, and before income tax. In reality, the average bank wouldn’t even write this mortgage because it would be financially irresponsible. So it’s time to learn How Money Works to find out why it might be time to let go of the American Dream…
Non-Competes Ruined Your Career... Now They Are Banned How Money Works 2024-05-13 | 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! - compoundeddaily.comBooks we recommend - howmoneyworkslibrary.com-----Sam's Channel: @StoryJerk 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 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 #work -----Corporate America just lost one of its most powerful tools to keep people from getting better jobs. Non-compete contracts that ban workers from finding a better job have been used to keep wages low, and even if you have never personally signed one of these agreements, they will almost CERTAINLY still be hurting you. Late last month the FTC banned these deals from being put into the contracts for MOST employees, and most existing non-competes will be phased out over the next three [3] months…Unless you run a business that relies on keeping employees in bad conditions for poor pay, this ruling will be good for you. But… that doesn’t mean that corporate America is going down without a fight. A non-compete agreement is a condition in a contract which bans an employee from working for a competitor company for some amount of time after they quit or get fired from their current position. Companies claimed that these terms were very important because they didn’t want to spend time and money training staff, and giving them proprietary information, just for them to get a job with their competitor and take all that valuable information over to them. They have also said that without non-compete agreements their competitors could “free-ride” off them by just poaching their staff after they have made the investment into hiring and training inexperienced workers. The Federal Trade Commission and its controversial new chair Lina Khan have basically called this out as complete bull. In their announcement non-compete agreements being put into employment contracts, the FTC also said that even if this does hurt some big businesses that’s actually a good thing. The free-rider argument doesn’t really work because, those businesses could also attract their own talent from their competitors TOO, all they need to do is give their employees a more attractive job offer and most people are happy to switch jobs… f people do take company information with them, the FTC argues that the only group this is bad for is a company that doesn’t want to compete. Most successful companies are started by people who were previously employees working for a company in the same industry. Gary Tann the CEO of Y-Combinator an early stage startup incubator has said that the best companies he deals with are ones started by people who first gained experience in the industry they want to disrupt, by working in it… The Federal Trade Commission estimates in their report that this new will lead to the formation of at least eight thousand five hundred [8,500+] extra businesses every year, and between seventeen thousand, and TWENTY NINE THOUSAND [17,000 – 29,000] new patents every year. According to the organizations research these are all currently being blocked because people aren’t legally allowed to innovate or start a business. The only people that lose in this situation are the companies that don’t want to compete, which is why it’s the FTC not the Department of Labor that made this ruling. The FTC is normally the organization in charge of making sure that businesses aren’t forming monopolies. It does this by blocking mergers or acquisitions that would give the new mega corporation too much power. In the last three years FTC has been trying their best to stop some large company mergers but they have so far lost all of their recent cases in court, allowing the mergers to go ahead. The FTC can also break up companies that have too much market power but it hasn’t done that in over FOURTY YEARS… So what the FTC really does most of the time is make rulings like, non-compete agreements being a form of anti-competitive practice, which is illegal. You wouldn’t think this would be a hard case for them to make since the words non-compete are right there in the name, but the FTC is already being sued over this ruling by an industry body representing companies. But let’s be honest with one another, even though the companies and the FTC won’t admit it, non-compete agreements were never about competition between one company and another, it was about competition between a company and its employees.
Business Ethics How Money Works 2024-05-04 | Looking to grow your business online? Get started today with a free 14-day trial from Odoo: odoo.com/r/xwlSign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.#corporate #business #investing ----Business ethics has become a big business in its own right. It’s grown from a fringe issue that some small time alternative CEO’s might mention in passing, to a corporate staple that has its own course in ninety percent of the business schools in America. Major companies now mix in ethical initiatives with their earnings reports and there are even dedicated research centers dedicated to studying how companies can solve all of the world's problems with some combination of acronyms. DEI, CSR, ESG, TBL… whatever your favourite is, they are all guidelines for how the world's most powerful companies can look out for something other than their own free cash flow…So then, why is this the second worst idea in business history? Corporate social responsibility or ethical business, whatever you want to call it, it should be an easy idea to sell. You probably don’t like it when companies pollute your home, take your money with deceptive practices or lobby your government to spend your tax money on their bailouts. But operating ethically in business often comes at the expense of acting profitably, and company leadership who answers exclusively to their shareholders, will be forced into picking profits over ethics. Corporate social responsibility therefore is all about showing company managers, their boards and their shareholders that there is a way everybody can win, and that ethics and profit don’t have to be at odds with one another. It’s a message that’s catching on. It’s understandable that investors would like their money going towards companies that are (at the very least) TRYING to do the right thing, but unfortunately not many people really understand how these investments work, or how they could actually be making these problems a lot worse.So it’s time to learn How Money Works to find out why corporate ethics, is the second worst idea in business history.
Why Billionaires Are Desperate To Live In Florida How Money Works 2024-04-27 | Thanks to MANSCAPED for sponsoring today's video! Give your boys the love they deserve. Get 20% OFF + Free International Shipping with promo code "HMW20” at manscaped.com/howmoneyworksSign up for our FREE newsletter! - compoundeddaily.comBooks we recommend - 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 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.#billionaire #florida #business -----Last month Jeff Bezos settled on this ninety MILLION dollar [$90,000,000] mansion on Indian Creek Island in Miami. That is the THIRD eight figure property purchase the Amazon founder has made in Miami in just the last 12 months. But the billionaire migration to Florida is making even Jeff's two hundred million dollar portfolio of properties look downright modest. According to the New York Post, Citadel Securities CEO Ken Griffin has purchased SEVENTEEN oceanfront estates, some worth as much as a hundred million [$100,000,000] individually. He is now knocking them all over to make way for one for one single beach house for his retirement, that is estimated to be worth more than a billion dollars once complete. None of these billionaires are native Florida men, but it’s not the sand and the sun that’s bringing them down there. So why are billionaires scrambling to get into Florida all of a sudden? While other parts of the country are cracking down on billionaires and their extravagant lifestyles, Florida is trying to make itself the perfect hideaway for them and their money. According to the LA Times the Mayor of Miami actually personally courted Elon Musk encouraging him to move his primary residence and businesses to the city. South Florida WANTS to be the perfect place for you to live… IF you're extremely wealthy. Miami has always been a popular destination for the ultra wealthy to spend their summer vacations. According to data collected in a study by the global wealth management firm Henley and Partners, and compiled by Visual Capitalists, Miami is the most popular vacation destination for the world's twenty five thousand [25,000] Centi-Millionaires.Those are people with a net worth of one hundred million dollars or more… In the past most of these ultra high net worth individuals would return back to their REAL jobs in REAL cities like Seattle, New York, San Fran or LA. BUT NOW they are moving to Miami for good, and they are doing it for three surprising reasons. The first reason is that Florida is a safe haven for wealth. But using Florida as an asset bunker is just the first reason, so it’s time to learn How Money Works to find out why so many Billionaires are desperately rushing to make Florida their home.
Why Billionaires Are Refusing To Retire How Money Works 2024-04-20 | Check out Hostinger. Everything you need to build a website hostinger.com/hmwUse code HMW to get 10% off.And check out our suggested book library we built with them - howmoneyworkslibrary.comSign up for our FREE newsletter! - 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 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 #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.
WTF Do Think Tanks Actually Do? How Money Works 2024-04-12 | 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! - 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 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
The Spectacular Rise (and Imminent Collapse) of Private Equity How Money Works 2024-03-31 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at manscaped.com/howmoneyworksSign up for our FREE newsletter! - compoundeddaily.com-----Ben's Channel @BenFelixCSI 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 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.#investing #privateequity #business -----The rapid growth of Private Equity has been blamed for pretty much every problem in America today, from mass layoffs to unaffordable homes. Some of this hate is totally justified, and some of it is just coming from second generation Wharton grads that didn’t land a summer internship at Blackstone. Whatever YOUR reason is for hating private equity, you will be happy to know that after a meteoric rise, the whole model that this industry was based on is now facing a spectacular collapse. Private equity is very simply any investment into assets not listed on public markets. There are hundreds of thousands of highly profitable and promising businesses in America and millions around the world that you would never be able to buy using Robin Hood and some pocket money.Private companies that are not listed on public stock markets don’t have the same reporting requirements so it can be extremely difficult and time consuming for investors to get a good idea of if a business is worth buying and how much it would be worth if it is. This is where private equity FIRMS stepped in as middle men to offer rich investors access to this untapped market. If you were a billionaire, or the manager of pension fund their pitch to you was simple, they could give you higher average investment returns than you could get in the boring old stock market, your returns would be less volatile, and your money would be safer from market crashes. They could do this because they employed a crack team of the best business analysts in the world to do all the hard work of finding and buying a private company or alternative asset on your behalf and extracting as much money as physically possible out of it. Sounds too good to be true right? Well, it is…Private equity has pushed it’s business model too far and now it has trillions of dollars’ worth of assets that nobody wants, which sounds like a good thing for regular people who have been the victim of the layoffs and cost cutting that private equity has become famous for right? Wrong… There are four reasons why Private Equity is failing, and four reason why all of us are going to be the ones paying for it. Private equity managers could reinforce this idea by only selling their highest performing assets furthering the illusion that everything in the portfolio was doing equally well. The very fact that these assets don’t have instantly updated price information actually made them even MORE attractive with certain fund managers because it let them claim to their own investors that their money was growing steadily even during turbulent markets. For a while this was true, after all something is worth whatever a buyer will pay for it, but now the investing public has realized that private equity firms are holding onto a lot of garbage that is going to be very hard to sell. All investment carries risk and if this were just a story about financial managers delivering bad returns to rich investors after making big promises it wouldn’t need its own video, but a lot of Private Equity money is YOUR money, and if this convenient lie unravels, it’s not going to be the private equity partners losing their jobs. So it’s time to learn How Money Works to find out how Private Equity failed to live up to it’s promises and how we are all going to pay the price of that lie.
Have Real Estate Agents Ruined Real Estate? How Money Works 2024-03-28 | The first 500 people to use this link and code HMW30 will get 30% off their first subscription with Soylent: bit.ly/4976408Sign up for our FREE newsletter! - compoundeddaily.com-----Our 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 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.#realestate #housingmarket #business ------Rising home prices suck for almost everybody, even people that own there own homes are not really better off financially if they sell their overpriced home… because they will just have to buy ANOTHER overpriced home unless they want to live on the street. If there is one group of people that actually are enjoying homes becoming unaffordable, it’s real estate agents… Realtors across the country have used their surprising market power to make this problem much worse and charged a nice fat commission while doing it. But they may have pushed their luck too far and a new landmark antitrust lawsuit could radically change how we buy and sell our homes for better… or for worse… Realtors are more than just the people that open the door and tell you about the schools at an open home, they are a shockingly organized group that has a lot of influence over how the real estate market functions. Real estate agents and Realtors are technically two different things, all Realtors are real estate agents, but not all real estate agents are realtors. They both buy and sell houses on behalf of clients for whom they act as agents, but for a real estate agent to call themselves a realtor they must be part of the National Association of Realtors, an industry group that represents most agents in America. As part of their membership Realtors get access to the Multiple Listing Service or MLS which is a database of all residential real estate listings in the area. If you want sell houses as an agent, you really can’t compete without access to this database and if you want to get access to this invaluable market information you MUST register as a realtor. That membership is a pretty good investment anyway. The NAR behaves almost like a union for its independent members ensuring that home sellers can’t get agents to compete with one another for lower commissions. The industry standard is six percent [6%] which gets split between the listing agent selling the home and a buyer’s agent if the purchaser uses one. The commission gets paid from the proceeds of the home sale before the remainder of the money gets transferred to the sellers’ bank account. This commission covers the expenses of selling real estate, like running open homes, posting on sites like Zillow, taking photos of the property, insurance and signposting the home. Whatever is left goes to the agency which has its own expense, and then whatever is left after that goes to the Realtors themselves split between the buy and sell side. According to data from the Department of Housing and Urban Development, the average home sale price in America has risen from two hundred and seventy-two thousand dollars [$272,000] in 2010, to four hundred and NINETY two thousand dollars [$492,000] in quarter 4 of last year. Since the realtors is based on the sales price it means that average commission paid to Realtors has DOUBLED in just thirteen years, outpacing inflation by one hundred and twenty percent [120%]. It gets even better for real estate agent though because their expenses have not increased as fast as home prices which means they are keeping more of that six percent [6%] for themselves. Realtors have broken the already broken real estate market in three ways, but poor market conditions, not to mention a landmark lawsuit could actually make things worse for everybody… including the realtors…So it’s time to learn How Money Works to find out how your most important financial decision ever is made for you.
Is The IRS Finally Taxing Rich People?... Well Sort Of How Money Works 2024-03-20 | 👉 To try everything Brilliant has to offer for free for a full 30 days, visit brilliant.org/howmoneyworks/. You’ll also get 20% off an annual premium subscription.Sign up for our FREE newsletter! - compoundeddaily.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 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 #investing -----Last week the IRS announced that they would be going after one hundred and twenty-five thousand [125,000] Americans who according to their records earned over four hundred thousand dollars [$400,000] a year… but didn’t file tax returns. The result of this activity could be worth as much as one hundred BILLION dollars as Uncle Sam goes after people who haven’t paid taxes since 2017. This is great because everybody should be paying their fair share, but, if the IRS knew these people were cheating the system, then… why has it taken them so long to finally do something? The IRS may seem like an all powerful bogeyman but the reality is that the department is underfunded, undermanned and having to make tough decisions about what kind of work will deliver the greatest return on its limited resources. The IRS has continuously been defunded by politicians on both sides of the isle. Simultaneously the tax code has become more complex allowing sophisticated filers with high incomes from multiple sources to file deductions, offsets, credits, exemptions and deferments on their returns. The only way to fully verify these filings are being made correctly is for a trained tax agent to assess them individually but the IRS just doesn’t have the manpower to do that, so for most complex returns it has been accepting the honestly of the filings. The IRS simply has to make budget decisions based on what is going to give them the greatest return on their investment and that is by going after easy targets. According to a report by pro publica a person earning twenty thousand dollars [$20,000] a year is now more likely to be audited by the IRS than someone earning four HUNDRED thousand dollars [$400,000] a year.The Earned Income Tax Credit has been a particular focus of the department because it is a bonus paid to people on low incomes that is simple to claim when filing your taxes.BUT if the IRS audits your claim it’s up to YOU to prove that you did legally qualify for this credit. The maximum that a single person can earn to qualify for this credit is just seventeen thousand six hundred and forty dollars a year [$17,640]. This range extends up to sixty-three thousand three hundred and ninety eight dollars [$63,398] for a married couple with three or more children. If you qualify for this credit, you will not have the time or money to fight an audit so the IRS knows you are likely to just give up and pay them what they tell you to. Within the department this means that Earned Income Tax Credit audits have the highest likelihood of success which is why they continue to focus on them. But if IRS staff are already spread so thin, instead of focusing on getting back a few hundred dollars from millions of poor working Americans, surely it would be easier to get back millions of dollars from just a handful of rich people right? Wrong. The recent announcement that the IRS will be going after non-filers with incomes as high as one million dollars [$1,000,000] a year might sound like a step in the right direction, but there are three simple reasons why it has taken so long and why it’s unlikely to achieve what you hope it to achieve. So it’s time to learn How Money Works to find out why it took the IRS so long to finally go after millionaires and why it probably won’t change anything.
Is The Collapsing Relevance of a College Degree... A Good Thing? How Money Works 2024-03-11 | Get 50% off your first order of CookUnity meals — go to cookunity.com/money50 and use my code MONEY50 at checkout to try them out for yourself! Thanks to CookUnity for sponsoring this video!Sign up for our FREE newsletter! - 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 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 #college -----Every day more companies are announcing that they will no longer be requiring a college degree to get a job with them. More than half of the Americans that DO have a college degree are now working in jobs that don’t require one, and the stigma around not working a white collar job has almost been reversed as skilled tradespeople have started to significantly out earn their office dwelling peers. The decision to commit to an expensive degree is one that less people are making every year, and this is either a really good thing… or a really bad thing. A college degree used to all but guarantee an upper middle-class lifestyle in America, but that’s because they were extremely rare. According to data collected from the U.S. Census Bureau and compiled by Statista only seven point seven percent [7.7%] of Americans aged over twenty five [25] had a college degree in 1960. In 2022 THIRTY SEVEN PERCENT [37%] of the population had one, this was almost a five HUNDRED percent [500%] increase in the number of college graduates that companies could pick from. Now if you DO have a college degree and think that you are still in the elite minority, well let me knock you off that high horse. According to the National Bureau of Economic Research fewer than two thirds of Americans are part of the workforce so a college degree is nothing special anymore. If you are a worker that wants bargaining power in their career you really only have two options. The report also found that companies still requiring their workers to have a piece of paper as a prerequisite for landing a job were hurting themselves by artificially limiting their candidate pool, or paying a premium for work that could be done by anybody. This was a report published by a school famous for selling those pieces of paper, when they talk about the workplace benefits of overlooking a college degree… you can probably trust them… So it looks like this trend is going to be a win for workers and a win for companies right?... Wrong… It’s true, more than half of American workers with a college degree right now are NOT working in roles that REQUIRE a degree… on paper… BUT for every person working a six-figure coding role at a forward-thinking tech startup that dropped their college degree requirement, there are hundreds of workers with a four-year degree under their belt who are waiting tables because they couldn’t find work anywhere else. Sure, they are both TECHNICALLY working in roles that don’t require a degree but the nice sounding headlines are covering over something that could cost you hundreds of thousands of dollars over your career. So it’s time to learn How Money Works to find out why the collapsing value of a college degree is great news… for some people…
Why A Real Estate Crash Wont Make Homes Affordable... For You How Money Works 2024-02-29 | Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.com-----Our 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 my newsletter 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.#realestate #investing #finance ------There is one big problem holding most young people back financially If you don’t already own a home, you probably can’t afford one… and you probably can’t even afford to rent one either. If your dream is a housing crash that will level the financial playing field… then I am sorry to tell you, but that’s probably only going to make things worse… According to the real estate data firm ATTOM homes are now unaffordable for median Americans in ninety nine percent [99%] of counties they analyzed, the remaining one percent [1%] were not affordable, there just wasn’t enough data to use in their report. With statistics like these the only hope that a lot of Americans have is a market correction that will bring prices back down. High prices aren’t good for many people, buyers can’t afford a home, renters are stuck in a market where more than ever they need roommates to afford rent and even though two thirds of Americans own their own home, high prices aren’t that great for them either. If you are one of the lucky people that own a home and you sell it for a record price, you still need to buy another home which is just going to cost you a record price leaving you no better off overall.While you own your home you are going to pay higher property taxes and if you do sell your home to buy a new one you might have to pay capital gains. Most homes in America are now selling over the IRS’s section 121 exemption of two hundred and fifty thousand dollars [$250,000] in profit since you purchased the home. So if your home is worth a lot more than you bought it for AND you don’t want to live on the street once you sell it, the only person you have really made money for is Uncle Sam. The only people who are really winning are those that own multiple properties in addition to their primary residence. If prices are too damn high, then the best thing you could hope for is a market crash, right? … Wrong. I am once again here to crush your dreams and tell you that a housing crash would probably only make it harder for you to buy a home for three simple reasons… So it’s time to learn How Money Works to find out why a real estate crash probably won’t get you any closer to owning a home.
The (Overdue) Collapse of the 9-5 Job How Money Works 2024-02-24 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at manscaped.com/howmoneyworksSign up for our FREE newsletter! - compoundeddaily.com1:39 go support @pinsenttailoring's work-----Our 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 our newsletter 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 ------Companies are doing mass layoff while complaining about not being able to find enough employees, some workers are min-maxing the system by working multiple full-time jobs at the same time, while others need to work hours of unpaid overtime at just one job… This is not to mention that the gig economy is consuming entire sectors of the workforce… The 9-5 was created by American labour unions in the 1800’s and became mainstream over one HUNDRED [100] years ago, when jobs looked like this, and this… it was revolutionary for its time… but how many of the modern problems in corporate America are caused by trying to make an outdated system fit with every single modern job…A report by the management consulting firm McKinsey and company found that two thirds [2/3] of the average humans wealth is in the work they can do over their lifetime. Everybody has time, effort and experience that they can trade for money and those tradable commodities are worth twice as much as all of the other assets that the average person possesses. A regular nine to five [9-5] job has been a great way for billions of people to safely exchange a predictable amount of their time for a predictable pay check, with predictable career advancement as they gain more experience. But this one size fits all model for work doesn’t fit with every job and trying to make it work has been bad for employees AND bad for companies for three reasons, which is causing three equally terrible trends in the job market. The first trend is that it makes time a worthless asset. The Ford Motor Company was one of the first businesses in America to adopt the nine to five forty-hour work week. Henry Ford did this to make his company THE most attractive place for auto workers to get a job. This allowed him to pull talent away from other automakers without paying his workers more. In order to compete with Ford other automakers were forced to offer the same forty-hour work week with paid overtime. Eventually in order to compete with the automakers other companies were also forced to offer 9-5 jobs so that their best workers didn’t quit to go and work on a car assembly line. These auto workers had tightly defined and repetitive tasks, so unless the workers succumbed to exhaustion, they could do a consistent amount of work for every hour they spent at their post, and every additional hour would produce the same amount of output. If you work in a modern office job you will know that your work is nothing like this. Sometimes there is a lot to do, and sometimes there is nothing to do, but you still need to be there eight hours a day looking busy no matter what. Back when the 40-hour week was being fought for by workers unions, most Americans worked in manufacturing, but today most people work in the service sector which is more diverse than you might expect. Clearly these jobs are very different, and should have a different schedule but most of the corporate world has tried to make the 9-5 fit all jobs… Work comes and goes as internal and external customers make demands, and that means when people are busy and need more than eight hours in the day to finish their work they are expected to work “reasonable unpaid overtime” … According to an ADP Research Institute Study of office professionals unpaid overtime jumped to an average of NINE point two HOURS per WEEK in 2021, more than a full extra day to keep up with employer demands.BUT when there is little to no work to do because a project has just been completed or sales are seasonally slow, workers are still expected to put in their 40 hours a week, because “that’s what the business is paying them for”. If you are in this kind of job your best option is to try and find something that makes you look busy, but “if you don’t have something to work on” you are probably going to be given meaningless tasks just to fill the mandatory eight-hour day… So it’s time to learn How Money Works to find out why we might be in the midst of the overdue collapse of the 9-5.
The Dumbest Business Idea in History How Money Works 2024-02-19 | Remove your personal information from the web at https://JoinDeleteMe.com/HMW and use code HMW for 20% offSign up for our FREE newsletter! - compoundeddaily.comThanks to James Montier for his great research that served as the basis for this video-----Our 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 our newsletter 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 #investing #finance ----Business decisions made in the interest of “maximising shareholder value” have caused mass layoffs, environmental catastrophes, an endless list of corporate frauds, and record inequality in the workplace. The very same CEO who made millions of dollars by being the first champion of “maximising shareholder value” in the 60’s called it the dumbest idea in the world, and something that could rot capitalism to its core. But worst of all!Maximising shareholder value… isn’t even good for the shareholders…If you hate your job here is a history lesson for you that might make it start to make sense. In 1916 the Ford Motor company had revolutionized the automobile industry with the ford Model T. Henry ford the founded and majority stockholder of the company wanted to use the surplus cash they had accumulated to build additional plants and hire even more workers to build even more cars. Ford had also famously, and controversially raised factory workers wages significantly and offered benefits like the forty-hour work week. In press interviews Ford spoke about his plans for the company.“My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the business.” This angered minority shareholders in the company that just wanted him to lower wages again, raise the price of the model t and keep paying them a regular dividend. Since Ford was the majority shareholder in the company though their options were limited, so they took him to court, where the court sided with the minority shareholders. Ford was forced to consider the best interests of shareholders above his other business ambitions. This was a case that set the precedent for “shareholder primacy” in America, meaning the board of directors and executives in a company must always try to maximise shareholder value to the best of their ability. Some have mistaken this ruling to mean that CEOs and the boards that appoint them have a LEGAL MANDATE to maximise shareholder value, but the reality is that this simply isn’t true. The case was awarded in favour of the minority shareholders, but it upheld the business judgement rule which means that executives can do what they believe is in the best interest of the company, even if it doesn’t make the number on a stock chart go up. Ford himself wasn’t paying his workers more and making new jobs because he wanted to be nice… he was a ruthless businessman who wanted to control a larger share of the growing automobile market. By paying his workers better and offering them higher wages he was denying his competitors a workforce, and by pricing his Model T’s just above cost he made it almost impossible for any other manufacturer to sell a profitable budget automobile. The biggest irony of all is that the minority shareholders that took Ford to court were John and Horace Dodge. They owned about 10% of the company and used their special dividends to fund the growth of their own company, Dodge, a car maker that would eventually become one of Ford Motors biggest rivals. So, this court ruling was bad for the company’s leader, bad for workers, bad for the country, AND bad for the shareholders in Ford who sacrificed market dominance for a quick payday, BUT there are three reasons why people still believe in maximizing shareholder value and three reasons why companies that operate this way are almost guaranteed to fail. Corporate America didn’t always have the dangerous obsession with shareholder value that it does today, and even after the landmark Dodge V Ford case of 1919 companies were slow to change. Between the mid 1960’s and 1970’s American stock markets traded mostly sideways. Corporate CEOs still had a duty to do what was best for the company, but they were paid a normal salary and a small bonus just like every other normal employee. So it’s time to learn How Money Works to find out how the worst business idea in history became the new normal for Corporate America.
The Deadly Monetization of Nursing Homes How Money Works 2024-02-10 | With Ground News, you don’t need to break the bank to become financially literate. Go to https://ground.news/Howmoneyworks and subscribe for under $1/month or get 30% off unlimited access this month only.Sign up for our FREE newsletter! - compoundeddaily.com-----Our Other Channel: @HowHistoryWorks Edited By:Svibe Multimedia StudioEditor: Silvio RiveroMedia Gatherer: Vicente GutierrezMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupSign up for our newsletter 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 #privateequity -----There are institutions operating in America today that are responsible for over twenty THOUSAND [20,000] premature deaths all in the name of profit. They make their money by housing vulnerable people in the custody and cutting costs wherever they can, often breaking the law in the process. These might sound like for-profit prisons, but I am actually talking about… nursing homes, although maybe that’s no coincidence, because a lot of these places are owned and operated by the same people. If you are an investor with lots of cash and good connections aged living is an attractive business opportunity. The aging population means that you will have an ever-growing number of customers.Revenues can be sourced from insurance companies, individuals and the government AND once you have residents in your homes it’s unlikely that they will ever check out until… well… they check out…According to research done by the National Bureau of Economic Research elderly Americans are also less financially literate which means they won’t know if they are getting a good deal or not. The investment potential gets even better more of these businesses you own the more profitable you can make them because overheads like administration, sales and contracting can be shared across multiple locations. Consistent cash flows, a growing customer base and synergies at scale has made nursing homes one of the most targeted alternative asset classes in America. Investors can now gain exposure to the aged care market through direct investment, private equity, and even exchange listed real estate investment trusts, that can be purchased by anybody with a robin hood account and ninety dollars [$90] BUT the reality of this business is razor thin margins, distorted incentive structures and a race to the bottom on quality and safety. So it’s time to learn How Money Works to find out just how broken the aged care industry really is…
Why CEOs Always Fail Upwards How Money Works 2024-01-31 | Check out Opera Browser here: https://opr.as/Opera-browser-HowMoneyWorksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.-----Adam Neuman the eccentric CEO of WeWork presided over the bankruptcy of a company that was one worth almost forty-seven BILLION dollars [$47,000,000,000]. He was kicked out of the crumbling company he founded, but not before making one point seven billion dollars [$1,700,000,000] from a company that never figured out how to make even a single penny in profit. Dennis Muilenburg the disgraced former CEO of Boeing was fired from his position after his mishandling of the 737 Maxx disaster that led to the deaths of three hundred and forty six [346] people. He walked away with a sixty-two million dollar exit package and he is now the CEO of a new aerospace investment company. Why does it seem like no matter how badly top executives fuck up, they can only fail upwards? If it seems to you like once you get to a certain level in the corporate world it’s almost impossible to fall back down, you would be kind of right. There are endless stories about CEO’s that have bankrupted their companies only to be paid millions of dollars as an exit package before any of that money gets to investors, lenders, or even regular workers. The reason this happens so often is because it’s DESIGNED to happen and there are three reasons why even after these failures, most senior executives only seem to fail upwards. The first reason is corporate Americas dangerous obsession with experience. You all know about companies demanding three years’ experience for an entry level job, or ten years' experience coding in a language that has only existed for five years.But experience is an important metric to gauge someone’s ability to perform their job effectively. If you have been working as a welder for 30 years you are probably going to weld faster and cleaner than an apprentice with a few months on the job. The same goes for everybody all the way up the corporate chain, but not by as much. The only way to gain experience as a welder is to BE a welder, likewise the only way to gain experience as a CEO is to BE a CEO, but nobody is giving out those jobs.A report by the Harvard business review surveyed C-Suite executives and hiring boards and found that their individual technical skills had become a lot less important than business acumen and soft leadership skills. These are NOT skills that normal people can acquire by climbing the corporate ladder the old-fashioned way which is why more C-Suite Executives in Fortune 500 companies than ever came from backgrounds like private equity, investment banking or corporate consulting. A survey by the workplace intelligence company Ondeck compiled a list of CEOs of Americas largest companies and found that most of them worked for management consulting firms before becoming CEO’s and very few worked their way up within a firm. 7.1% of CEOs in the report had worked at McKinsey and Company before securing a position as a CEO in another company, Bain, BCG Kearney and Oliver Wyman (all management consulting firms) took out second, third fourth and fifth place. When CEOs are been selected from such a small pool of people that all know each other then even if they fuck up royally, they are still placed above most other candidates. It doesn’t make it any better when one of the most common tasks that management consulting firms get hired to consult on, is who should be a new CEO. A team of McKinsey consultants picking an ex-McKinsey consultant to be the CEO of a company that hires McKinsey consultants happens all the time. This would be ok IF these McKinsey clones made for the best CEO’s, after all a job should go to the most qualified candidate, but a study conducted by the Harvard business review found the opposite. So it’s time to learn how Money Works to find out why workers beyond a certain level only every fail up.
WTF Does Private Equity Actually Do? How Money Works 2024-01-28 | Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.
The Homeless Industrial Complex How Money Works 2024-01-23 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at manscaped.com/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.
When Everythings A Crisis... Nothing Is How Money Works 2024-01-11 | Visit sheathunderwear.com/hmw and use promo code HMW to save 20% off as many orders as you want. You can also share with friends and family to share savings.We are happy to be partnering with SHEATHunderwear.co., The ultimate underwear company. Not only do they offer superfast shipping, and excellent quality product with a one year warranty, they also have white glove customer service. Just contact@sheathunderwear.com for superfast, super excellent service.Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #realestate ------More people than ever are afraid they are going to lose their job at some point this year, and that’s only for the people who are lucky enough to already have a job!New entrants into the job market are struggling to get into roles that were desperate for workers just three years ago. If people DO lose their jobs, they have record low savings to support themselves. So then, why are people spending more than ever? The financial situation of the average American HAS gotten worse in the past twelve months. According to data from Equifax and the New York Fed money that peoples saved during the pandemic is gone and, in its place, people are using credit cards and short term loans to cover expenses. Buying or renting a house is more unaffordable than every due to a trio of low availability, high mortgage rates, and high prices AND with an election on the horizon people are worried that things will only get worse when appeasing voters is no longer top priority. But when everything is a crisis, nothing is… People have seen the headlines, and they just don’t care anymore. Crisis fatigue is a real problem and it’s costing you thousands of dollars every year (whether you realize it or not) for three different reasons. A survey of two thousand [2,000] young Americans conducted by Harris Poll for USA today found that sixty five percent [65%] of Gen Zers and SEVENTY FOUR PERCENT [74%] of millennials believe that they are starting further behind financially than earlier generations… AND according to a poll run by the New York Post one in five [1/5] Americans now believe they will never be able to afford a home. More Americans over the age of seventy five [75] are working than ever according to data from the Labor Department these were the people that had an opportunity to buy homes before they were several multiples of the average income, so if they couldn’t escape the rat race, what hope do you have? When people resign themselves to never achieving their financial goals then there is less pressure to avoid taking on bad debt, spending recklessly or putting off enjoyment. According to the same New York Post Survey FORTY PERCENT [40%] of young Americans surveyed said they think that hitting the jackpot was the best chance they had of ever being able to afford a home. Lottery companies, online casinos, and get rich quick gurus have tapped into this desperation as an effective marketing strategy to put those that fall behind… even further behind…Giving up and being financially irresponsible has in a way become something that is highly fashionable. Trends follow young people and since young people are giving up on long term financial goals in favor of short-term experiences, that has become the new normal. Luxury fashion is marketed as a way for affluent people to show off their means, but according to a survey by Bain Consulting the largest group of customers shopping at luxury clothing stores are millennials followed by GenZ’s. The people who have the LEAST financial security are spending the MOST to try and fake the appearance of doing well that they will never be able to really achieve. Young people with basic jobs and no assets wearing LV and Supreme are cosplaying as people with financial security when all they are really doing is hurting their financial situation even more. The terrible reality is that your life probably won’t be as comfortable as the lives of older generations and if that makes you want to stop playing a rigged game that’s fair, but it’s only going to make your financial situation worse… So it’s time to learn How Money Works to find out how financial crisis fatigue is costing you what’s left of your financial future…
What Happens To The Real Estate Market When All The Boomers... Die? How Money Works 2024-01-02 | Check out Revolut and get $10 using my link: revolut.com/en-US/promo/aff-10offerUS-hmwSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #realestate #business ------It doesn’t mean anything to be Working class or middle class anymore… The only thing that matters is if you own a home or if you don’t.The home you live in now statistically makes more money than you do and the last hope that a lot of young people have to catch up is getting a house gifted to them by a relative... which begs the question. What happens to the real estate market when all the boomers… die? There is an old saying that the best time to start investing was 30 years ago, the second-best time is right now. But that conventional wisdom might not hold up in today’s market. Buying a home at the right time could set you and family up for financial security for the rest of your life. The only thing is, the right time was when you were still in school and if you try to buy a home now you will be taking on record high interest rates, record high prices AND record low availability all at the same time… People sell homes for two reasons, because they want to and because they HAVE to. Nobody who already has a home WANTS to sell it because most Americans have been able to lock in record low interest rates. If they sell their house and buy another one, they will get a new mortgage at interest rates which will TRIPPLE their payments on a home of the same value. According to data from the national association of realtors, eighty-seven percent [87%] of new home purchases are made using a mortgage, and the average down payment of a first home buyer is only seven percent [7%]. This means higher mortgage rates are worth avoiding at all costs. A report by the wall street journal found that even when homeowners moved interstate, they would hold on to their homes and rent them out and then rent another house to live in… Everybody that wants to sell their home is waiting for interest rates to fall. Everybody who wants to buy a home is also waiting for interest rates to fall. And everybody who is stuck renting is being forced to compete with people who already own a home but don’t want to sell it because they have locked in a sweet interest rate. The players in the real estate market are in a Mexican standoff, but the renters are stuck fighting with a Banana. The only hope for people who just want to buy a home is to get it off someone who NEEDS to sell. According to another report published by the national association of realtors the average home seller in America was SIXTY!! [60] years old!So it’s time to learn How Money Works to find out why you probably won’t benefit as much as you are hoping from the boomers passing down their homes…
Corporate Americas Desperate Race To Trademark... Everything How Money Works 2023-12-27 | Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #howmoneyworks -----There is a desperate race to trademark… everything going on right now, and it’s going to cost you dearly whether you notice it or not. Don’t believe me, well what do the words “superhero”, “realtor”, “face”, “that’s hot” and “bam” all have in common?They are common words used every day that are actually the legal property of different corporations, and that’s not even the craziest thing that companies are silently putting in their vaults of intellectual property. We are always told about the wonders of fair competition, but the truth is, if you run a business, competition sucks. To compete in business, you have to provide a better product, market more effectively or lower your prices. Getting those first two right is really hard and lowering prices means less money in your pocket. It would be so much easier if you could just run your competition out of business and this is genuinely a great business strategy. There is only one problem, it’s illegal, and if you aren’t smart about how you do it, you are going to find yourself in competition with the Federal Trade Commission… in federal court…But there is a way that you can avoid competition and actually have the authorities on your side to defend it, and that’s by having a trademark, copyright or patent to protect your business. These are not all the same and companies have realised one is much better than the others…A patent protects new inventions or scientific discoveries for a period of 20 years. If you invent a new battery that gives electric cars 2,000 miles of range, you should file a patent so car companies can’t use it… without paying you of course. A patent has to be legally filed with the Patent and Trademark Office. If a patent is very complicated it can take a long time to get approval but in the meantime your invention will be patent pending, which has no legal protection by itself but will warn other businesses that they will be wasting their money creating the same product because they won’t be allowed to sell it if your patent is eventually approved. A copyright automatically applies to any creative work. If you write a song, make an original video or paint an artwork copyright will automatically apply to that work and will stay in place for 70 years after your death. No filing is required for creative works, but it can be harder to legally prove copyright in court if someone does copy what you are doing. Trademarks are… to use the legal terminology… totally OPThe only problem with Trademarks is that they ONLY apply to elements that are clearly related to the branding of a business. For example, a logo like this [Apple logo], or this [HMW logo], can be trademarked because they clearly relate to the branding and identity of a business. Trademarks can also be applied to iconography like micky mouses ears could be trademarked but a movie like Micky Mouse Steamboat Willie can NOT be trademarked because it’s a creative work, NOT branding. Steamboat Willie Actually enter the public domain in just two weeks.If you are a crafty businessman, you can really corrupt the intention of what trademarks are meant to do by claiming that a catchphrase, sound, image or even a word is part of your branding. Facebook successfully trademarked the word face, and if you ever wanted to create your own supernaturally powerful heroes you can’t call them superheroes because that’s a trademark which is jointly owned by DC and Marvel, the only companies that will ever be able to make superheroes without the permission of DC or Marvel. In the age of the influencer where the line between brand and human are getting blurred cunning celebrities are jumping in too. And driving up the value of their business without really doing anything is just the first reason, so it’s time to learn How Money Works, to find out why businesses are desperately trying to trademark everything all of a sudden.
Why Everything Is A Scam (Except For Scams) How Money Works 2023-12-16 | Get a FREE bag of coffee with a new Trade subscription: http://drinktrade.com/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #fraud ------People are more aware of financial fraud than ever before, from crypto influencers to suspicious looking text messages we are all trained to be on high alert about everything…Unfortunately, the fact that we now suspect everything is a scam is a big reason WHY financial fraud is at an all time high. Society loves a con artist. Don’t believe me? Think about this…We are all celebrating Sam Bankman-Fried being convicted of defrauding millions of investors out of billions of dollars… for now… But the same crypto enthusiasts that lost money when FTX collapsed probably at one point or another celebrated the wealth and excess of the Wolf of Wall Street… another convicted fraudster who stole millions of dollars from investors…The future is clear, in 40 years the insufferable hustle bro’s will be liking inspirational quotes pasted over the top of SBF. Ok that might be funny to think about, but it happens all the time. The reported Erin Griffith with the New York Times wrote about the hundreds of fake companies with fake business plans and fake users being created to attract venture capital investment. Firms like Sequoia, Andreesen Horowitz, and Accel had so much money that they couldn’t invest it into new ideas fast enough. This started to encourage hopeful founders to fudge their numbers a bit to get life changing investments. There were companies that used the money and did built out a real business, but there were other companies that had to keep on lying as more and more investors piled in. If you were a company founder trying to be completely honest about your business you would have found it much harder to get an audience with these investors to pitch your idea because you were competing with other founders who weren’t afraid to stretch the truth, or flat out lie, to tell the investors what they wanted to hear. Cases like Charlie Javice who faked millions of users on her app FRANK before selling it to JP Morgan for one hundred and seventy five MILLION dollars [$175,000,000] or Abraham Shafi’s IRL, another APP that had millions of daily users that raised one hundred and fifty million dollars [$150,000,000] at a one BILLION dollar [$1,000,000,000] before an investigation by the board found that ninety five percent [95%] of it’s users were also completely fake. From just these two fake apps that is a total of three hundred and twenty-five million dollars [$325,000,000] that could have been invested in real start-ups, but there are five reasons why fraud beats honesty almost every time.The first reason that fraud has done so well even though people are more aware of it than ever is because nobody bothers checking anymore. While good honest companies and people are held down with honesty and regulations scammers and fraudsters can just lie about how great their business is. The reason that they can get away with this for so long today is because fewer people are checking. According to the remarks of their own administrators, organisation like the Securities and Exchange Commission, Federal Deposit insurance Corporation and the Federal Trade Commission don’t have enough resources to regulate market activity. Eccentric founders had the luxury of shopping around for investors who were all desperate to get their money into whatever company was generating the most buzz, and the companies that could generate the most buzz, were the ones that could just lie about doing something that could change the world, if only it were true… Now big companies getting ripped off by a founders with questionable attire but that’s not where most fraud is happening. Most fraud is targeted at regular people, and even if they don’t make any dumb mistakes themselves offloading the cost of scams onto people has become more lucrative than ever thanks to two other concerning trends… So its time to learn How Money Works, to find out why the world thinks everything is a scam… except for scams…
The Bankruptcy Boom How Money Works 2023-12-05 | Use code HOWMONEYWORKS50 to get 50% off your first Factor box at bit.ly/47gwEDG!-----Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - patreon.com/HowMoneyWorks-----The great Benjamin: @benjjjaamiinn 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 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 #bankruptcy -------2023 is going to finish up as the worst year for corporate bankruptcies since the end of the Global Financial Crisis. This year has also claimed the two biggest bankruptcies in American history that didn’t occur during the GFC and if that’s got you feeling nervous, don’t worry, according to the numbers 2024 is going to be much worse.According to data from Standard & Poor’s, corporate bankruptcies in the major companies they track were up over 200% in the first half of 2023. High profile companies like wework, Vice Media and Bed Bath and Beyond all went under due to a combination of poor management, changing consumer preferences, high interest rates and bad market conditions. But what does this even mean?Even though these companies went bankrupt Vice is still making videos, you can still rent a office from WeWork, and Bed Bath and Beyond is still selling overpriced laundry hampers. Bankruptcies just aren’t what they used to be anymore and now instead of being the corporate equivalent of game over, it’s just another business strategy, which is just one of four reasons why it’s become so popular. Now you all know I hate videos from supposed experts with wide open mouths peddling some doomer, but the other three reasons why bankruptcies are on the rise are honestly worrying and they also show why business leaders just don’t take it seriously anymore. The first reason that bankruptcies are booming is because of a new investing strategy that rewards taking on as much risk as possible. Private equity is a broad classification of investing that just means putting money into companies that are not publicly listed on any securities exchange. Venture capitalists who invest in early startups are a type of private equity, all of the deals you watch get made on shark tank are private equity deals… if you give your family member a few thousand dollars to get their Etsy store going in exchange for a cut of their future profits you are technically a private equity investor, so make sure to slap that on your LinkedIn profile. But even though that is going to hurt lenders and employees, for the private equity companies that created this situation it’s going to be an amazing profit opportunity because you will never believe it, they can use bankruptcies to make even more money. So it’s time to learn How Money Works to find out what’s really behind the Bankruptcy Boom.
If Companies Are Desperate For Workers... Why Can Nobody Find A Job? How Money Works 2023-11-28 | Take advantage of their black Friday deal and use my link seekingalpha.me/how-money-works to get 30% off Seeking Alpha’s annual Premium subscription for $167.Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #career #finance -----There are nine points six MILLION [9,600,000} job openings in America right now and businesses are desperate to fill roles that have now been empty for months. BUT at the same time you are reading endless articles about people who have applied to thousands of jobs and haven’t heard anything back from the companies that were supposed to be desperate for workers. So if there are so many job opportunities, then why can’t anybody get a job?According to the U.S. Bureau of Labor Statistics there are currently nine point six million [9,600,000] job openings in America and only six point five million [6,500,000] unemployed people. So why not just take the openings that desperately need workers, and give them to the people that desperately need jobs?Well, it’s not that simple and there are two reasons why companies are struggling to fill roles even when so man people are looking for a job, and two equally important reasons why people can’t find a job even when so many companies are looking for workers. The first reason why people can’t find jobs even when companies have so many open positions is because it’s easier for a company to look desperate than it is for a human to. According to the Congressional Research Service the number of job openings is calculated using a survey of sixteen thousand [16,000] business establishments on the last day of the month to assess if a job opening exists. According to the informational guidelines a job opening only has to meet three criteria to be counted.a specific position exists and there is work available for that position; the job could start within 30 days, and the establishment is actively recruiting outside workers.There are companies that are constantly advertising job openings for positions that are hard to fill OR are subject to high turnover. Last year Endgadget a technology newspaper received leaked internal report from Amazon which revealed that the company had a staff turnover rate of one HUNDRED and fifty percent [150%]. That means Amazon which has one point six million employees [1,600,000] was hiring two point four million people [2,400,000] every year just to maintain it’s workforce. In the same year only a third [1/3rd] of Amazon’s new hires stayed with the company for longer than 90 days before quitting, getting fired, or getting laid off. With that much turnover the company doesn’t bother to remove job listings once someone get’s hired to fill a role. Warehouse staff are continuously being onboarded and offboarded at almost the same rate so hundreds of thousands of positions stay open across the country. Amazons hiring practices for some of their best paid and most attractive job opportunities ALSO showed how easy was for job opening numbers to paint the wrong picture. ANOTHER Amazon internal document reviewed by Business Insider revealed that the companies Web Services Utility Computing Team posted twenty-five THOUSAND [24,988] job openings in 2022 but only seven thousand eight hundred [7,800] of these positions were actually approved to be filled. This also happened in a year that amazon was laying off more staff than they were hiring. The strategy that these companies and hiring managers are using is to constantly have positions open to attract top talent, if anybody that is not OVERQUALIFIED for these positions applies for them, they just get rejected. Amazon is not the only company that does this, most of the top tech, finance and consulting companies do exactly the same thing. Amazon is just not as good at keeping internal documents from the press. So even though you might think it’s the best time ever to get a job, the numbers are misleading and that’s just the first reasons, there are much bigger problems than just numbers.So it’s time to learn How Money Works to find out why with so many job openings people still can’t find a job.
Why Billionaires Try So Hard To Look Poor How Money Works 2023-11-22 | Go to https://sponsr.is/zbiotics_howmoneyworks_1123 or scan the QR code and get 15% off your first order of ZBiotics Pre-Alcohol Probiotic by using my code HOWMONEYWORKS at checkout. Thanks to ZBiotics for sponsoring today’s video!Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.#billionaire #PovertyPeacocking #business ------Billionaires are not like you or me, but it’s really important for them that you think they are…So important in fact that some of them are now spending millions of dollars every year to PR agencies to spread the message that they are just regular people that drive regular cars, eat at regular restaurants, and live in regular homes. But in the age of flex culture why are these people trying so hard to look normal? The now convicted fraudster Sam Bankman Fried once had billions of dollars of customer funds at his disposal to live a lavish life in the Bahamas. In the early days of FTX Fried and his co-conspirators reportedly drove around in the expensive sports cars typical of crypto bros. According to evidence presented during his trial, SBF would later sell these cars and advise other executives at FTX and Alameda to do the same because it didn’t fit with the image of the company that they were trying to present to customers and investors. SBF’s shitty Toyota Corolla that paid influencers made such a big deal of was about as authentic as the companies internal accounting department. The car, the haircut and the wrinkled haircut were more carefully managed than customer funds. The group did this because they knew that the image of a boy genius that didn’t care about luxuries or power would be appealing to people looking for an honest place to keep their funds. SBF and the rest of the gang were all frauds, but putting a lot of effort into crafting a folksy image is done by most prominent business leaders for three simple reasons that are mostly bullshit. If you know these strategies, you will be able to see through what is little more than personal marketing. The first reason that they do it is because even if they AREN’T running a fraud, acting like an everyman is still gets people to give them what they want.Stealth wealth is when rich people buy products that are of high quality but does not flaunt their wealth.They do this because they don’t want the attention and problems that come along with people knowing they are rich. Billionaires doing a Bloomberg or NAS Daily interviews featuring their basic car and geeky wardrobe in NOT the same thing as stealth wealth! It’s not stealth wealth, so let’s call poverty peacocking and it’s a great move for their personal brand and any companies they represent. Humble CEOs are the new fashion, the worlds biggest companies are run by men who wear hoodies and turtlenecks instead of tailored suits and other business leaders are trying to emulate that trend because investors like it. If business leaders very publicly give up flashy luxuries it also sends the message that they will be frugal running their business and the data actually backs this up.According to a study conducted by the National Bureau of Economic Research in 2012 CEO’s and CFO’s who were not frugal in their own spending were more likely to have instances of insiders perpetuating fraud and were more likely to push equity-based incentives to increase their own income. The study separated personally frugal and flashy executives by looking for purchases like a personal car that was worth over seventy-five thousand dollars or a boat that was over twenty-five feet. Buffett does own an old beat-up car, but he is usually driven around in a fleet of suburban’s with his security team, Zuckerburg wears the same grey shirt every day, but they are custom made by Brunello Cuccinelli, Musk does rent a tiny home next to the SpaceX factory but the Wall Street Journal pointed out that he spends most of his time in an eight thousand square foot [8,000 Sqft] twelve million dollar [$12,000,000] mansion and all of these men fly private. They are welcome to these luxuries; it is their money, but there are still two more reasons why they try so hard to pretend that they don’t exist. So it’s time to learn How Money Works to find out why billionaires spend millions, to try and convince us that they spend nothing.
You See 10,000 Ads A Day - How Does It Still Work? How Money Works 2023-11-12 | Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #marketing #finance -----The average American is exposed to ten THOUSAND [10,000] ads every single day all as part of an industry that is worth nearly a TRILLION dollars run by some of the biggest companies in the world. [Google, Facebook META, Linkedin, CBS, NBC, Fox]But you probably don’t even remember the ad that played before this video, so how many more ads can companies cram in? or are we already past the point of no return? You can only learn so much in a day and according to research conducted by the National Institute of health you will forget half of everything you learn within an hour. There is no possible way that even if you tried to listen to every single ad that you are exposed to on a daily basis that you would remember everything, they were trying to sell you. MOST people are NOT trying to pay as much attention to advertising as humanly possible, they are doing the opposite. MOST people try to avoid it by skipping the ads, getting up from their TV during commercial breaks and becoming wise to carefully disguised product placements. People also get annoyed by the constant interruptions. Nexxen an advertising technology platform and Magna Media conducted a survey on participants that were exposed to a different frequency of the same advertisement one, four or SIX times in a one hour viewing session. Participants who only viewed the advertisement once reported a higher intent to purchase an advertised product but participants who saw the ad six times said that they were actually sixteen percent [16%] LESS likely to purchase it because they found the product disruptive to their overall experience. So if we can’t possibly remember all of the ads shoved in our face AND they become less effective the more they are served to us, the means we must have hit peak advertising right? WRONG? If advertising didn’t work, companies wouldn’t spend nearly a TRILLION dollars on it every year, which is an insane amount of money that is predicted to grow. The first reason is that companies are widening the way that they can advertise to us. The largest category of advertising is probably what you think of when you think of advertising, forty-five [45] second commercials that give the audience some basic information about the five P’s of advertising. The product, the price, the people it’s for, the promotion running on it and the place where they can buy it. All advertising will have some or all of these details in the ad. Traditional advertising is still very popular because it builds awareness of brands and products that might not convert into sales for days or YEARS after the advertisement was aired. Awareness advertising works particularly well for fast moving consumer goods, the shelves of a WalMart or Krogers are filled with products, but those products have packaging, and that packaging is like a mini billboard designed to stand out and get your attention. Competition for shelf space at big box retailers is FIERCE amongst brands, and it’s getting more heated as big box retailers release their own white label products like Sams Choice and Great Value. Companies want as much shelf space as they can get, but retailers want to maximize their floorspace to the fastest moving products so the best way for a company to get shelf space is to show retailers how much they are spending on traditional awareness advertising. Because it’s so effective it’s also expensive and it’s what makes up a majority of googles income. Google is not a tech company, it’s an advertising company that runs a search engine on the side. Online advertising has grown in parallel with ecommerce. Search advertising also benefits from big data because an advert on tv is going to be seen by everybody watching if they are a potential customer or not, but advertising on a search result can use collected data and advanced algorithms to make suggestions with the highest likelihood of sales conversion. There is also another category of advertising that has been growing rapidly and that is influencer advertising, so it’s time to learn How Money Works
Can We Afford For Everybody To Be Financially Responsible? How Money Works 2023-11-02 | Get a FREE bag of coffee with a new Trade subscription: http://drinktrade.com/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.
The (Overdue) Collapse Of Short Term Rentals How Money Works 2023-10-27 | Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at mnscpd.com/howmoneyworks-----Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.#realestate #airbnb #business -----Short term rentals are a one hundred BILLION dollar [$100,000,000,000] market that have reshaped global tourism, accelerated a nation-wide housing crisis, and created fortunes for early adopters. But now customers, the government, the public AND the hosts themselves are turning their back on a concept that started out as a fun alternative to stuffy hotel chains, but became everything wrong with modern real estate. The short term rental market took off when Brian Chesky and Joe Gebbia tried to rent out a spare room with an air mattress to attendees of a conference because they realized all of the hotel rooms had been booked out. They called their service Air Bed And Breakfast which was later shortened to the short stay app that you know and love (or hate) today. Air BNB is now worth more than hotel chains like Hilton and Wyndham combined. The company is by far the largest short term rental company, and it has achieved excellent penetration into markets around the world where other similar peer to peer or network market apps like Uber, Doordash, Lyft and even Amazon have failed to take share away from local competition. It WAS a good idea, customers loved it for giving them a cheaper alternative to outdated hotels, and hosts liked the opportunity to earn extra income on a spare bedroom or even an entire separate property. But the four parties that make the short term rental market work, the customers, the hosts, the public and the platforms are all not dealing with four unique problems that are threatening to undo this market and take out a lot of other real estate investments with it. The first problem lies with the people who it’s hardest to feel sorry for, the hosts. AirBNB and other short term rental platforms provided a unique opportunity for people to profit off real estate in a totally new way. The extra income was nice but the added flexibility of a short-term roommate was the biggest appeal to most people. With a short term tenant, any problems are only going to last as long as their short stay. That was the early value proposition of AirBNB, but sharing a spare room and staying with a random person while on holidays only appealed to a certain type of alternative traveller. Most people who AirBNB are putting up entire properties for guest to use as exclusive accommodation. Instead of a short-term alternative to a roommate, the market became a short term higher yielding alternative to a conventional long term tenants in an investment property. They fitted doors with keypad locks that could be changed remotely between guests, easily cleanable surfaces, inexpensive but fashionable fittings and preferred properties with minimal landscaping. All of this cut down on the additional effort hosts needed put in to managing a property. But like all good thing it didn’t last forever. AirBNB advertised its platform just as hard to new hosts as it did to guests and investors started buying multiple homes to turn them into AirBNBs. Their fee was higher, but the higher short term rental price meant owners still came out ahead. The additional cashflows from higher yielding short term rentals also made it easier to qualify for more home loans because the additional income could be used to pay for the loan on the next property and the next property. The inevitable result was clear… for little additional effort hosts could make more money from their properties, so the market became oversaturated and host started to struggle to rent out their properties enough to make it worthwhile. Short term rentals also made long term rentals more expensive so the gap between what someone can make from a short-term rental versus what they could make from a long-term rental is narrowing. For many hosts it’s no longer worth the additional risk and effort to rent out properties short term, and for others that could only afford their loans because of the higher rent they got from short-term rental yields, they might be forced to sell. So it’s time to learn How Money Works to find out how short-term rentals got so big, and failed so quickly.
The Cult of Productivity How Money Works 2023-10-20 | Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.#productivity #business #career ------You know you are a lazy person, and there are thousands of people who want to tell you exactly how to fix that. But the truth is, you are probably just fine, and falling too far into the productivity rabbit hole will just make you lazier, more stressed, and poorer than when you started. Modern life is full of an endless list of things to do, you spend a lot of time getting to a job, putting in your eight hours a day (if you are lucky), getting home again, and only then can you go shopping, clean your house, wash your clothes, pay your bills, cook, and help out your family with anything they need. Thanks to the rising cost of living and stagnating wages you might also want to including a side hustle or a business project in addition to everything else oh and at some point have some time to relax with friends and family or just get a good night sleep. It’s a lot, and us humans were not meant to be this switched on all the time, so to keep you on your grind and help you feel a little bit less overwhelmed by everything you need to do, there is a new movement of pseudo self help gurus. These people promise to teach you simple tricks that conveniently fit in seminars, books or 15-minute YouTube videos that will help you to better organise your life, stay motivated and achieve your goals, even if your goal is not having to work 2 jobs. It sounds helpful, or at the very least harmless, but following this advice could put you further behind for four reasons. The first reason is that it just doesn't work. Productivity brands and influencers have the opposite problem to “finfluencers” another group that promises to fix your finances instead of everything else in your life. Good personal finance should be boring and simple, save diligently, avoid high interest debt, maximise your income and invest responsibly for long term goals. It’s so simple that everything you need to know about personal finance can fit on a post-it note and people have done it. That’s a problem for personal finance influencers because they make a lot of money by posting weekly content and can’t keep saying the same thing every week so they end up making uninformed predications or telling financial success stories that were more a product of luck than diligent financial planning. But we have already talked enough about those guys before. Productivity influencers have the opposite problem, there is just TOO much to talk about and without knowing each and every one of their viewers situations they can’t come up with good suggestions, and uninformed advice is the same thing as bad advice. A report by psychology today founded so called “toxic productivity” as one of the leading causes of diagnosed anxiety and depression. A strong focus on productivity also produces worse outcomes for everyone. A report by the Harvard Business School studied employees who were fired for bad workplace behaviour. The study found that a large share of those terminated employees were high performers in their roles, but brough down everybody that worked with them. A strong belief in their own abilities, a strict adherence to their own routines, and a high expectation for everybody around them made them worse at delivering good results for the business. The researches found that a worker that had an intense focus on their own productivity might return $5,303 in cost savings to a company through increased output, avoiding a toxic hire will net an estimated $12,489 because they collaborate more easily with co-workers and clients and are less resistant to changes in the organisation. An extreme focus on productivity in your personal life can also simply make you less productive as you spend all your time and effort hyper optimizing every task in your life instead of just getting them done in a way that works for you. Despite the crazy amount of harm this can do, there are three terrible reasons why the cult of productivity isn’t going anywhere.So it’s time to learn How Money Works to find out why trying to become more productive is only going to make things worse.
Why YouTube NEEDS To Get Worse How Money Works 2023-10-10 | ☕️ Get a free bag of fresh coffee with any Trade subscription at http://drinktrade.com/howmoneyworksSign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #marketing #howmoneyworks -----YouTube is getting worse, and that’s because it HAS to. It’s not just you imaging things… YouTube is forcing people to turn off their adblockers, recommending bad content, removing user feedback, allowing progressively worse advertisers on their platform and trying to keep up with every new trend in video. I hate to be the one to tell you but, it’s not going to get better from here. This video is not the billionth episode of YouTuber complains about YouTube, instead I want to look at the four business fundamentals driving decisions that is already making the platform worse for creators and viewers. Of these companies only Meta’s Facebook competes with YouTube’s core offering of user generated video on demand but that is secondary to Facebooks core functionality of keeping you up to date with what the boomers are angry about. All of the other platforms operate in a niche, like shortform content on Tik Tok, live video streaming on Twitch and Servicing the Chinese market for Bilibili. These sites don’t compete with YouTube, but YouTube does compete with them. Months after TikTok started gaining market dominance YouTube reacted by launching YouTube shorts, and the site also competes directly with twitch for live stream content. The biggest missed opportunity is premium paid content. YouTube operates by making a tiny amount of money off a massive amount of people, and that means the content on their site is necessarily low budget. The largest creators on the platform may wow viewers with how much they spend on their videos, but even Mr Beast is only creating something that is akin to a mid-budget reality TV show.He also produces less content than a similar show that would air on traditional media outlets because his videos are shorter and released less frequently. Paid subscription streaming services or cable TV stations bring in a lot more money on a per viewer basis than YouTube because everybody that uses their platform pays for it. A web-based service like Netflix also has an expense advantage over YouTube on their content side. Netflix has to pay more to produce or license it’s content where YouTube gets it for free from people uploading to their platform but in return Netflix has a more curated library of high value content. In a Bloomberg Feature from 2013 the company revealed that it compressed its entire library of movies and TV shows into a two point seven five PETAbite [2.75 PB] master catalogue. That’s two thousand eight hundred times a petabyte which is how much storage most high-end personal devices have. Since that report there has been no reliable updates to the actual size of the Netflix library, but the number of movies and shows offered has actually shrunk since then, compression has got better, and Netflix has NOT rolled out any new features like higher resolutions that would demand more storage. YouTube has that much data uploaded to its servers EVERY SINGLE DAY. Netflix and other streaming services pay for their content through licensing deals, YouTube pays for its content by handling billions of videos that will never get a single view so they can keep the tiny fraction of videos that do bring in revenue. There are no new people left to sign up to YouTube, everybody that wants to watch videos on the internet will already use it unless they live in a country where their access is restricted. When billions of gigabytes worth of data are being uploaded on servers every day the only thing, the company has left to do is switch from getting more users to getting more out of the users they have. There is only so much space on the sites home screen and recommendations side bar so all of these options are leaving less room for the stuff that people usually come to YouTube for. For those of you who do use an adblocker don’t feel too smug just yet, because it’s time to learn How Money Works to find out why YouTube HAS to get worse.
Why Are Companies Making You Do So Many Job Interviews Now? How Money Works 2023-10-01 | Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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 #career #jobinterview -----Nobody likes job interviews; they waste a lot of your time, and they waste a lot of company time. Every hour you spend in an interview the company must pay the person interviewing you.So why is it becoming so common for profit driven companies to ask for multiple rounds of interviews for even the most basic of jobs, when most of the time they are just going to ghost you anyway… Filling a position is an expensive process that companies are only making more expensive for themselves. Some companies sit down with hundreds of people through as many as SEVENTEEN rounds of interviews. That’s hundreds of manhours spent finding ONE person for ONE job when just twenty years ago it was rare to do more than two rounds of interviews. According to a report by the Harvard Business Reviews this trend is also leading to worse outcomes for employers. High performing employees are pulling out of job applications after being asked to come back for round after round of interview, so companies are being left with only the most desperate applicants that are willing to jump through their hoops. This is wasting peoples time, costing businesses lots of money AND creating worse outcomes for everyone, but there are four reasons why businesses don’t care and will probably keep increasing the number of interviews they make new applicants do. The first reason is that it increases their leverage in the negotiating process. According to a report by the Bureau of Labour Statistics it now takes the average person twenty-four [24] weeks to go through the hiring and interview process to get into a new job. If you are unemployed and looking for a new job, then after 24 weeks of interviews you are going to be desperate to accept anything and you won’t risk losing the offer by negotiating a better salary or benefits. If you DO have a job this strategy can still work on you. A current employer is only going to be so patient about you taking time off to attend interviews so going through this process once will be hard enough so you take the job or stay at your current employer that is angry with you for missing so many days. According to the same report the number one reason that people turned down a new job was because the offered wage was too low and in 2023 people are also turning down jobs that don’t offer work from home flexibility. Respondents were much more likely overlook this though if they had gone through an extended hiring process. Employees are also less likely to leave a company if believe it was a real challenge to secure their job in the first place so management can use a difficult interview process as a staff retention technique before people even become staff. Psychologists call this the sunk cost fallacy, if you have already spent so much time pursuing a job opportunity you don’t want it to be a waste by not accepting it if you get an offer. Hiring managers just call it an effective negotiation technique. For the employers this a calculated expense, the hours that they need to pay HR and a hiring manager to sit in an interview room will be paid for by forcing you to accept a lower starting salary for your entire career with that company. Other companies and hiring managers are not this smart, but getting the upper hand over your pay and benefits is just the first reason.So it’s time to learn How Money Works to find out why you have to sit through so many interviews to get a job now.
How The Net Zero Investing Market Became Worthless Overnight How Money Works 2023-09-24 | Start speaking a new language in 3 weeks with Babbel 🎉. Get up to 60% OFF your subscription ➡Here: go.babbel.com/t?bsc=1200m60-youtube-howmoneyworks-sep-2023&btp=default&utm_term=generic_v1&utm_medium=paidsocial&utm_source=YouTube&utm_content=Influencer..howmoneyworks..USA..YouTube-----Sign up for my FREE newsletter! - compoundeddaily.comSupport me on Patreon - 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 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.#esg #investing #finance ------Companies are under a lot of pressure from investors and customers to reduce their environmental footprint. Carbon offsets were an easy solution that for a while kept stakeholders happy. Unfortunately for the companies patting themselves on the back for their ESG efforts, people eventually realized that these offsets have achieved nothing. Major investors have lost hundreds of millions of dollars in just the last week, and now a multi-billion-dollar speculative market that you weren’t supposed to know about is imploding… Any time you see a company promoting a product as carbon neutral it got that status by buying a security off an unregulated financial market.If a clothing brand like Gucci emits one ton of carbon to produce this hideous pair of flip flops, they can buy a one ton carbon credit to offset their emissions and market their shoes as carbon neutral. There are two major non-profit organizations that dominate the market for these credits, Verra, headquarter in DC and Gold Standard, headquartered in Geneva Switzerland. These organizations do not remove any carbon themselves; they audit OTHER companies or projects like carbon sequestration, forestry and agriculture. If you own a company that can prove to Verra or Gold Standard that you have removed a ton of carbon dioxide from the atmosphere or prevented it from being released in the first place you can get given a Verified Carbon Unit. Verra and Gold Standard both have an application and verification process for companies that want to start receiving Verified Carbon Units. Verra charges an application fee a verification fee and a fee of ten cents for every carbon unit awarded with a discount applied to companies that are issued with over one million carbon units in a calendar year. If you owned a company that was reducing carbon emissions in a way that you could verify with these organizations, it’s worth paying these fees because you can then take your carbon unit and sell it at a markup to a company like Gucci so they can sell their flip flops as carbon neutral. This entire process is separate from the legally required cap and trade programs like ones enforced here in California and in the European Union. But if this is entirely voluntary, why are companies paying millions of dollars every year to buy these credits? Well, there are three reasons, and none of them of them are because these companies really care about the environment although that’s what they would like you to think… It’s not even for the marketing, a survey conducted by the Harvard Business Review found that 65% of respondents said they want to buy from purpose-driven brands that advocate sustainability, but only 26% actually did. If you have ever seen a carbon neutral logo while doing your shopping and acted on it well done, but most people are not like you.The three REAL reasons companies are spending billions on these voluntary credits are the same reasons that the whole system is now falling apart. The first reason companies are actually doing this is because it let’s them take advantage of new investment trends. ESG stands for Environmental, Social and Governance and it has been a popular investing practice since 2008 when a lot of companies were criticized for immoral conduct. Investors wanted to put their money into companies with good ethics for two reasons. So it’s time to learn How Money Works to find out how a well intentioned plan turned into a multi-billion dollar bubble.
