Casually Explained: Levels of Wealth

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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. fuckin 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 a ballot front to seasonpass but in . the same way someone in the arts might . wave their fist 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 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 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 fucking 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]. this quick sidenote if you want to get . an audio version of any of my videos you . can go to the cast box . app or website and subscribe to the . casually explained channel right now i . think there's only one video uploaded . there but the rest are gonna be . processing over the next day or two and . you can get an audio version of all the . latest videos that i make and maybe like . a little bit of exclusive you know . audio-only content coming up in the. future so go check that out that'd be . great thank you . .
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