Mr. Beast, whose real name is Jimmy Donaldson, is one of the most well-known YouTubers in the world. He also known for his extravagant stunts and large charitable donations. He started his YouTube channel on February 20, 2012. At just 25 years old, Mr. Beast has built up a massive following on YouTube, with over […]
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A study published in The Sun states that “75% of children ages 6 to 17 want to become YouTubers.” A majority of Gen Z and Millennials also would chose becoming a YouTuber as their most desired career.[1] This may come as a big surprise to older people in Generation X or Boomers that the dream of
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In the United States there is high diversity between different so-called classes of people and their net worth. This is purely based on their finances and how much they have in assets, investments, and cash and not reflecting on how hard they work or how much value they add to the economy. The net worth
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The first things that the middle class must understand about millionaires is that their millionaire status is measured in their net worth not their annual income, and most of them pay their bills through cash flowing assets not a pay check. The majority of millionaires have multiple streams of income and are diversified in their
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The United States is one of the richest countries in the history of the world. The median income in the U.S. is $65,700 and the median net worth is $121,700. This is the middle, there is a huge variance both below and above this level. The bottom 20% of earners nationwide make $26,685 a year.[1]
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Up Charlie Munger worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. He’s originally from Omaha and left to attend the University of Michigan to become a meteorologist in the army during World War II. He
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When University of Chicago professor Harold Pollack was interviewing Helaine Olen he said that “The financial advice most people actually need is common sense and simple enough that it would fit onto a 4-by-6 index card.” “I started getting emails saying, ‘Where’s the index card?’” Pollack explains. So even though it had more of a
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People that are financially successful tend to all use a budget to manage their monthly bills. Even the ones that don’t use a budget have the self discipline to control their spending within the parameters of what their income allows. A budget spends all of your monthly household income on paper before the month begins.
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Money doesn’t bring happiness in itself, it’s the time, freedom, and experiences money buys that brings happiness. Money can’t solve all your problems but it can solve all your money problems. Money doesn’t change you, it just amplifies who you already are. If you are greedy you will just be more greedy, if you are
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Warren Buffett had an interest in being rich from an early age. He said he read all the books about finance from the Omaha public library by the age of ten years old, and some twice. He tried many small business ventures as a kid selling chewing gum, collecting glass Coca-Cola bottles to return for
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