Casually Explained: Levels of Wealth

published on July 20, 2020

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 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 0001% 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

I'm as 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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