How The 1% Are Bankrupting Themselves at Record Rates скачать в хорошем качестве

How The 1% Are Bankrupting Themselves at Record Rates

Upgrade your setup this Black Friday and save big! It’s the perfect time to finally get the gear you’ve been eyeing — at a price you’ll love. Enter my exclusive code 'HMW30' and save $30 on the E7 Pro standing desk! Shop through Flexispot E7 Pro standing desk: https://bit.ly/3LPlSyM - US https://bit.ly/4pmFdG0 - CA ----- Micro Video - Hyperinflation of the Hyper-Wealthy:    • The Hyper-Inflation of the Hyper-Wealthy   Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ Listen on Spotify - https://open.spotify.com/show/5gi1Job... ----- My Other Channel: ‪@HowHistoryWorks‬ ‪@HowMoneyWorksUncut‬ Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #wealth #money #finance ----- ate last month a report published by Goldman Sachs caused a bit of a firestorm in the personal finance community when it found that; 40% of people earning more than half a million dollars a year were still living paycheck to paycheck… What was even more shocking is that from the same group of high income earners, less than a third of them reported that they were consistently able to make contributions to long term financial goals like paying down debt or saving for retirement… And the obvious question is… how is that even possible? Now I know it might be hard to feel TOO bad about the financial struggles of people earning ten times the median income and the general response to this report online was uhh… not too sympathetic… BUT it does reveal a lot about the way our economy has changed since this report was first published just 10 years ago… Now history is of course filled with endless stories about people who have blown through enormous fortunes, but these have been rare exceptions to the rule, and these stories have mostly come from athletes, celebrities, and lottery winners… People who make a lot of money in a short period of time and then get themselves into trouble by assuming that they will ALWAYS make that much money… In the past most financial professionals would “generally” agree that; beyond a certain income level you can just brute force your way through a lot of dumb financial decisions, and as long as you maintain that income, you’d have to try pretty hard to not get richer every year… But today financial hardship amongst the top 1% of income earners has gone from a rare cautionary tale, to the majority… and ironically one of the biggest groups contributing to this trend ARE those same financial professionals… So if this data is to be believed, one of two things have happened… either rich people have gotten a lot dumber with their money… or certain industries have just gotten a lot better at taking it from them…