when we think of money it's usually in
terms of what things we can buy with it
but your level of wealth doesn't only
determine what you own it can determine
entirely what your life looks like and I
wanted to give a bit of an overview of
what that could look like at some
different intervals now at the bottom of
the pyramid of course we have the
alcoholic and fed Amin abusing lowlife
who mooch off public services because
they can't pay their debts or find a job
[ __ ] grad students disgusting next we
have the working and middle class which
makes up about 90% of the population
even though it might seem like they
can't accomplish much compared to the
elites of society members of the middle
class can work together to become much
more powerful as an example with one
roommate they can afford rent but with
two they can afford furniture the middle
class earns up to three hundred thousand
a year but the median individual income
is a lot more modest at thirty eight
thousand this can be pretty misleading
though because if you're 50 with a wife
and two kids thirty-eight kef but if
you're 21 and single you're buying
resale Yeezys thinking man I wonder how
much sex I'd have I didn't live with my
parents so in conjunction I think there
are a couple lifestyle indicators to
check to see if you're in the middle
class such as your grandparents had five
kids your parents have three kids and
you're gonna put a stop to it once and
for all and you don't have an emergency
fund because you figure that if you're
on vacation your appendix gives out why
would you spend 20k on surgery when you
could just die so moving beyond the
middle class we get to the start of your
truly wealthy people these are notorious
1% who typically have an individual
income of three hundred thousand or
higher or a net worth of over 8 million
usually this means you have more than
one home active investments travel
whenever you want and basically have the
best of everything shorter private jets
and about a front two season pass but in
the same way someone in the arts might
wave their fists at an accomplished
engineer there's a huge difference
between people within the 1% as an
example if you're worth 75 million you
have the ability to see almost anyone in
the world just by asking but if you're
worth 75 billion you have the ability to
see almost anyone in the world without
asking once you're worth over a hundred
million dollars people use your first
and last name when they talk about you
and if you're not famous you at least
have a Wikipedia page that you didn't
make yourself you'll likely make up to
ten million a year which to compare with
a more normal income is like going to
Costco and paying a dollar 50 for a hot
dog beginning a hundred hotdogs
I don't know why I left that in at this
point your wealth is almost magnetic to
more wealth and ironically things start
costing less I could pay $5,000 for a
Gucci suit and people might think I'm
cool but if I were actually cool Gucci
would have paid me to wear it well it
sounds pretty great you might start to
wonder if people like you for you or
only like you because you're rich and
famous fortunately though you are rich
and famous so finally the very top of
the pyramid we have the people worth
over a billion dollars the 0.001% guys
like Elon Jeff Branson and Bill these
people have so much money they can
literally change the world save the kids
done create your own space program done
dinner with the president you are the
president you don't fly business you buy
the business when you get pet supplies
from Amazon you mean the rainforest and
when you say hey babe how about I Drive
this time you're talking to the car if
you look at the absolute top Jeff Bezos
recently overtook Bill Gates and to be
as rich as the two of them you would
have to earn about $5,000 every minute
you were alive they even said themselves
I don't think I could even spend the
money if I tried [ __ ] amateurs now
with the pyramid capped off if we step
back it does seem like the implication
here is that your life gets better the
more money you have which brings about
the age-old question of does money buy
you happiness and for what I've looked
at I think the best explanation is that
money won't buy you happiness they can
make problems go away that make you
unhappy like when you go to take money
out of your bank account and get charged
a fee because there's no money in your
bank account when you buy tickets online
you have to pay extra for doing all the
work yourself with that said I wanted to
end it at that point but I showed my
friend and she said is that it is it
just first world countries what about
the rest of the world and you know like
they say you can't make your sneakers
and wear them - the good news is the my
demographics show that there aren't many
people in third world countries watching
my videos they don't have internet so
we'll worry about that another time
[Music]
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think there's only one video uploaded
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audio-only content coming up in the
future so go check that out that'd be
great thank you