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Casually Explained: Levels of Wealth

Exploring the Lives of the Wealthy: From Working Class to Billionaires

  • Money can determine what ones life looks like
  • Different wealth levels have different lifestyles associated with them
  • Working and middle class, who make up 90% of the population, can become more powerful by working together
  • The 1%, who typically have an individual income of 300,000 or higher, or a net worth of 8 million+, have access to luxurious lifestyles and high-level connections
  • The 0.001%, those worth over a billion dollars, can accomplish near anything they set their minds to.

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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 likeand I wanted to give a bit of an overviewof what that could look like at some different intervals.Now at the bottom of the pyramid, of coursewe have the alcoholic,amphetamine abusing lowlifewho 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 classwhich 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 togetherto become much more powerful.As an example with one roommate they can afford rentbut with two they can afford furniture.The middle class earns up to 300,000 a yearbut the median individual income is a lot more modest at 38,000.This can be pretty misleading thoughbecause if you're 50 with a wife and two kids38k a year is pretty roughbut if you're 21 and singleyou're buying resale Yeezys thinkingman I wonder how much sex I'd have I didn't live with my parentsso in conjunctionI think there are a couple lifestyle indicators to check to see if you're in the middle class such asyour grandparents had five kidsyour parents have three kidsand you're gonna put a stop to it once and for alland you don't have an emergency fundbecause you figure that if you're on vacation your appendix gives outWhy would you spend 20k on surgery when you could just die?So moving beyond the middle classwe get to the start of your truly wealthy peoplethese are the notorious 1%Who typically have an individual income of three hundred thousand or higheror a net worth of over 8 million.Usually this means you have more than one home,active investments,travel whenever you wantand basically have the best of everythingshort of private jetsand a ballot front to seasonpassBut in the same way someone in the arts might wave their fist at an accomplished engineerThere's a huge difference between people within the 1%as an example if you're worth 75 millionyou have the ability to see almost anyone in the world just by askingBut if you're worth 75 billionyou have the ability to see almost anyone in the world without askingOnce you're worth over a hundred million dollarspeople use your first and last name when they talk about youAnd if you're not famous you at least have a Wikipedia page that you didn't make yourselfyou likely make up to ten million a yearwhich to compare with a more normal incomeis like going to Costco and paying a $1.50 for a hot dogbut getting a hundred hot dogsI don't know why I left that in, umat this point your wealth is almostmagnetic to more wealth and ironically things start costing lessI could pay $5,000 for a Gucci suitand people might think I'm coolIf I were actually coolGucci would have paid me to wear it.Well it sounds pretty greatYou might start to wonder if people like you for youor only like you because you're rich and famousFortunately though you are rich and famousso finally, at the very top of the pyramid we have the people worth over a billion dollarsthe 0.001%Guys like Elon, Jeff, Branson, and Billthese people have so much moneyThey can literally change the worldSave 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 AmazonYou mean the rainforestand when you say, "Hey, babe.""How about I drive this time?"you're talking to the carif you look at the absolute topJeff Bezos recently overtook Bill Gatesand to be as rich as the two of themyou would have to earn about$5,000 every minute you were alivethey even said themselves."I don't think I could even spend the money if I tried"Fucking amateurs.now with the pyramid capped offif we step backit does seem like the implication hereIs that your life gets better the more money you havewhich brings about the age-old question ofdoes money buy you happiness?and for what I've looked atI think the best explanation is that money won't buy you happinessthey can make problems go away that make you unhappyLike when you go to take money out of your bank accountand get charged a fee because there's no money in your bank accountWhen you buy tickets online you have to pay extra for doing all the work yourselfWith that said I wanted to end it at that pointBut 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 knowlike they sayyou can't make your sneakers and wear them tooThe good news is that my demographics showthat there aren't many people in third world countries watching my videosThey don't have internet,so, um, we'll worry about that another timeUm, there's a quick side noteif you want to get an audio version of any of my videosyou can go to the cast box appor website and subscribe to the casually explained channelRight now. I think there's only one video uploaded thereBut the rest are gonna be processing over the next day or twoand you can get an audio version of all the latestvideos that I make and maybe like a little bit of exclusiveYou know, audio-only content coming up in the future so go check that out.That'd be great.Thank you.