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Elon Musk Brilliantly explains Wealth & how to be a billionaire!

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Secrets of Investing

Secrets of Investing

2 жыл бұрын

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Elon Musk Brilliantly explains Wealth & how to be a billionaire!
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@ponrix
@ponrix 2 жыл бұрын
People forget that billionaires don't have billions in cash. It's capital gains.
@scale...3d
@scale...3d Жыл бұрын
Exactly!
@MrPrado-nc6qq
@MrPrado-nc6qq Жыл бұрын
How does Trump have all those buildings? Like I don’t hate him I want to be the same. I could care less about having all cash I rather have those buildings forever.
@comforth3898
@comforth3898 Жыл бұрын
​@@MrPrado-nc6qq Have you ever tried starting a business or trading in the stock market? Those are the only ways to attain that level of wealth.
@m.s9146
@m.s9146 Жыл бұрын
Some do. Elon isn’t one of them.
@TONI__KROOS
@TONI__KROOS Жыл бұрын
​@@comforth3898 Fr... It's either a business or investing that could get a person wealthy af
@TeddyLovesBacon
@TeddyLovesBacon 2 жыл бұрын
I love how Elon's answers are always unemotional and just straight logic.
@mkm1206
@mkm1206 2 жыл бұрын
More people on the spectrum should be in politics …kick out the psychopath fascists .
@AineEithne
@AineEithne 2 жыл бұрын
I think he understands that those who say those things don't know him nor his situation, so he doesn't take it personally. He doesn't see the money as his, it's for the companies and he uses it as such. He's just different, I guess.
@cajs9964
@cajs9964 2 жыл бұрын
Coz facts don't come from feelings nor does it care about it either.
@morisn
@morisn 2 жыл бұрын
This guy is not in it for the money. Call me naive but that's what I see.
@jreamscape
@jreamscape Жыл бұрын
​@@cajs9964 actually great decision makers are balanced emotionally and logically. Making a decision with just logic will make you disregard the nuisances of a situation
@jakestatefarm3477
@jakestatefarm3477 Ай бұрын
"I have loans against my stocks." Don't let that slide past you.
@rmsfootball63
@rmsfootball63 Ай бұрын
Finally, I was starting to loose hope. It’s crazy how many people just dick ride and don’t listen or understand the whole thing
@canjier8353
@canjier8353 19 күн бұрын
Im to dumb to understand
@jakestatefarm3477
@jakestatefarm3477 19 күн бұрын
@@canjier8353 It's a way rich people avoid paying taxes. Since you don't have to pay taxes until you sell your stocks for a gain, and you also don't have to pay taxes when you take out a loan. If you have a large amount of stocks you can take out a loan against what they are worth and live off that money. That's what he was mentioning, quickly, and what I was referring to.
@tsforero
@tsforero 14 күн бұрын
@@canjier8353they never sell stock unless they actually need to have cash. For example to pay taxes or to pay interest/ principal on these loans. The consequences of selling the stock is less preferable than taking out an interest accruing loan. The stock appreciates, provides them with control over their organization, and allows them to realize gains without paying taxes.
@yokedss
@yokedss 13 күн бұрын
@@canjier8353 basically a trick rich ppl do is have millions in stock in their companies, and whenever they need money they go to a bank and ask for a loan, when the loan asks for collateral they use their stocks as collateral
@MoolaMar414
@MoolaMar414 7 ай бұрын
It’s his money and he doesn’t have to share it if he doesn’t want to. People aren’t entitled to his money.
@milycome
@milycome Ай бұрын
The government IS entitled to redistribute wealth. How can this possibly occur ?? To the Dummies out there - it's done through the tax code and (sorry) totally legal. Holy Schmoly. It's Not Only Legal, but redistribution of wealth is totally Moral. How so ?? It's totally Moral if you adere to the school of Ethics called ROBIN HOOD ETHICS. Who determines what your fair share of taxes paid are ?? Society as a whole or government, of course. Admittedly, in a Democracy, this puts the wealthy and super wealthy at a HUGE DISADVANTAGE being soooo outnumbered by the masses in the population. Then how come the wealthy and super wealthy pay way, way, way, way, way less taxes rather than than way, way, way, way, way more taxes. You get the masses to vote AGAINST Their Own Self Interests. Also, and more importantly, we don't live in a TRUE DEMOCRACY. The Electoral College, Gerrymandering and Voter Suppression are all Anti Democracy. Finally, Musk stating wealth is Not like of having a ton of cash on hand is Musk behaving as toooooo cute. Wealth involves cash, also income (both earned and unearned), also equity ownership in companies and real estate,etc . Not solely cash, of course. Musk knows this. Then why do this. This is Musk being. CUTE.
@nonefvnfvnjnjnjevjenjvonej3384
@nonefvnfvnjnjnjevjenjvonej3384 7 күн бұрын
its not all his money.. because the fact an immigrant like him can come from africa to here and build a company requires us to have money to build the country in the first place.
@fz.doomsday500doomed9
@fz.doomsday500doomed9 6 күн бұрын
He should at least be held to the same standard to pay taxes and he’s running a business he shouldn’t have all the power over his workers to pay them very little and treat them like s**. We all work extra hard then he does to earn our money and yet we still struggle while he can work his workers to death and holds all the wealthy they generate for him. He should either pay his employees more to help stimulate the economy or pay more in taxes to fund social programs to benefit the elderly, child care and health care. And don’t use that fallacy that we’re only funding lazy people. We are all just want fair livable wages to keep up with the rising cost and billionaires are make it harder for all of us for price gouging and not paying anything in taxes to fund society. He didn’t earn all that money on his own, he stole it from the American people and his dad just gave him money to invest in the first place. So keep believing that while you and the majority of us struggle to even put food on the table.
@milycome
@milycome 5 күн бұрын
@@MoolaMar414 Of course, the government is entitled to his Musk's money. It matters Not how much you earn. The Only thing that matters is what you get to keep. The rest goes to the government through its tax policies. Should the masses demand that the super wealthy be taxed at a 99% percent rate of both income and equity assets. Of course. Also, very easy to accomplish in a True Democracy. After all, the bottom 99% outnumber the top 1% by a Huge, Huge, Huge margin. This is unfair to the super wealthy and Immoral. Not so, for the new type of ethics. The new branch of Ethics is called "Robin Hood Ethics." Stealing from the Rich to give to the Poor. Also, another reason to target the rich. That's where the money is. Decades ago they asked the bank robber Willie Sutton why did he rob banks. His answer : "because that's where the money is."
@The_Protagonist_
@The_Protagonist_ Күн бұрын
U can't be more dumb than this.​@@fz.doomsday500doomed9
@truckerbrad6072
@truckerbrad6072 2 жыл бұрын
He has constantly risked everything he has when he believes he can make a difference in a meaningful way, and works constantly and lives like a drifter, I don't know how people can even look at this man without feeling absolute admiration!
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
You said it well!
@jtharp9265
@jtharp9265 5 ай бұрын
He has a great work ethic, and his parents have to be so proud 👏 🙏🙏🙏
@leahlopez824
@leahlopez824 4 ай бұрын
Agreed! It’s sick how many people hate him 😱
@TheBeanGreen
@TheBeanGreen 23 сағат бұрын
People hate him cause they think he's selfish. Thing is, he's actually the least selfish person I can think of in terms of bettering humanity as a whole.
@jackfarris3670
@jackfarris3670 2 жыл бұрын
What’s sad is that if he did go bankrupt people would literally be happy about it.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, bc they don't wanna see someone like him succeed...
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
@Unique Pros i never said it was. :) success is subjective.
@edk412
@edk412 2 жыл бұрын
Because people are miserable beings. Those who are fools complain and seethe. Those who can laugh at them and continue to shine.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
@@edk412 well said!
@joycecarr4165
@joycecarr4165 2 жыл бұрын
If bankrupt, how many people would immediately be affected. No man is an island and marry would suffer. Good health to you, Mr Musk!.🙏🏼🙂
@cecilegibbs3539
@cecilegibbs3539 2 жыл бұрын
Who is he supposed to give back to? No one gave him anything. He worked for it
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
exactly!
@MB-rd2by
@MB-rd2by 2 жыл бұрын
That’s not true. No successful person can truly say ‘nobody gave them anything’. Tesla was given a loan in the early days, paid for by the tax payer, he has been given grants. Even his early success at PayPal only succeeded because he lived in a society which had invested in developing its own internet capabilities. Yes he has worked hard and he is the highest tax payer in history last year and will be again this year. I don’t ask him to pay any more, I do however think what he currently pays is fair to the society that helped Elon Musk become so successful. There is a reason he chose to go to the USA
@everythingsawesome
@everythingsawesome 2 жыл бұрын
"No one gave him anything?!" Do you know who his parents were? 😂 Look it up
@straightshootah7550
@straightshootah7550 2 жыл бұрын
tesla was basically bailed out by the government bro
@cheesewheellord1434
@cheesewheellord1434 2 жыл бұрын
@@everythingsawesome yeah is dad owned an emerald mine, but i guess we don't talk about the fact his dad was abusive?
@FierySpiritMaury
@FierySpiritMaury 2 жыл бұрын
He gave more to the world than 99% of the world
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
if you have more, then give more :)
@BruceWayne-yn6ur
@BruceWayne-yn6ur Жыл бұрын
Helps when you're richer than half the countries in the whole world. 🤡
@FierySpiritMaury
@FierySpiritMaury Жыл бұрын
@@BruceWayne-yn6ur isn’t Bruce Wayne a billionaire?
@MorrisseyMuse
@MorrisseyMuse Жыл бұрын
Whats he given the world except stupid children names and overly expensive cars?
@BruceWayne-yn6ur
@BruceWayne-yn6ur Жыл бұрын
@@FierySpiritMaury He's an ethical billionaire. In other words, a fictional character. People like that don't exist in real world.
@84gaynor
@84gaynor 2 ай бұрын
I was part of the recent layoffs at Tesla and this bites hard. Grateful that I kept some savings north of 300k tho! Now I am looking for ways to allocate this into my portfolio to generate good dividends to supplement for my monthly expenses..
@kansasmile
@kansasmile 2 ай бұрын
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
@sommersalt88
@sommersalt88 2 ай бұрын
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
@velayuthman
@velayuthman 2 ай бұрын
@@sommersalt88 I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@Curbalnk
@Curbalnk 2 ай бұрын
@sommersalt88 I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@sommersalt88
@sommersalt88 2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@lubabalokhulu658
@lubabalokhulu658 9 ай бұрын
In other words he's saying he's worth billions but he doesn't have billions as cash, it's like saying he's worth 10 million but he only has 100 dollars in his pocket or bank account
@LITTLE-ROCK
@LITTLE-ROCK 3 ай бұрын
Not a good analogy. Billions worth of stocks don't mean cash you can use anytime or sell anytime. If you have land, the price would increase over time and so in that sense that's real wealth; but stocks prices can fluctuate heavily and even if doesn't you can't sell a big amount of it, for that would bring down the stock prices in the Market. You may have heard of Anil Ambani who was among the top ten richest people on earth around 2008 but his networth today is zero or even minus, due to his stock prices going down badly. Instead if he had bought 10 billion worth of real estate at that time, he would probably be worth 50 billion today.
@courtneyvargas733
@courtneyvargas733 2 жыл бұрын
Well it's good to know all his money is circulating in his business. It keeps him humble. You can tell he really worked for what he has.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, exactly.
@catherineleat1571
@catherineleat1571 Жыл бұрын
Government
@dark_sunset
@dark_sunset Жыл бұрын
you are an idiot. his father was rich, and it bought him opportunity. i don't hate the guy because he's rich, but saying he worked for it is absurd. everything he was able to "work" for was made possible by other peoples' wealth and generosity.
@KygoCalvinHarris-xu4kv
@KygoCalvinHarris-xu4kv Жыл бұрын
Really
@maimadixon5717
@maimadixon5717 8 ай бұрын
@@Ryanderson8467boo hoo, life’s not fair. You can distribute money to people but the fact is each person will use that money for different reasons and spend it on different things. While some will invest the money they receive through work, a gift or inheritance, it’s up to that individual what they do with the money. Some fail and some succeed.
@THEvideogirl0972
@THEvideogirl0972 2 жыл бұрын
This man is amazingly down to earth.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
True!
@umerdurrani9405
@umerdurrani9405 2 жыл бұрын
Down to Mars*
@grgov2239
@grgov2239 Жыл бұрын
"Down to earth" He is just another corrupt capitalist that destroys society and everything around us
@Neurobsessed
@Neurobsessed 4 ай бұрын
​@@umerdurrani9405both actually with his rocket company towards Mars and with the other 5 towards earth
@ilon7799
@ilon7799 3 ай бұрын
@@umerdurrani9405🤣🤣🤣 You’re genius!)
@zakigafoori4373
@zakigafoori4373 2 жыл бұрын
He don’t need to give nothing to nobody he deserve what he earned he worked hard for it fuck people who are jealous of him
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, Envy kills people...
@jokesonyou5511
@jokesonyou5511 8 ай бұрын
I'm not so much jealous as I am hurt by the number of millionaires and billionaires in America not aiding those who honestly need help shaq is probably one of the few who made it then denounced his celebrity status and spends some of his retirement in Walmart paying for groceries for the 9-5 workers my main point is its not the money that's the problem it's how those with it don't always use it responsibly and wisely
@aa-tx7th
@aa-tx7th 8 ай бұрын
yeah he earned being born to a rich daddy use more spit next time 🤣🤣🤣
@American-Idiot-Vlog
@American-Idiot-Vlog 7 ай бұрын
I live in a trailer park and my neighbor wants my house. Doesn't matter if you have a little or a lot, somebody close by wants it from you
@nickt1301
@nickt1301 5 ай бұрын
😂 what did he earn would love to know cause he damn sure didn't earn the millions mommy and daddy left him he dam sure didn't earn his private school education and he didn't earn all the ideas he stole to get where he is so I'd love to know what he earned
@WideAwakeHuman
@WideAwakeHuman 2 жыл бұрын
My cash balance is very low - i.e. he's only got 100 million in cash lol. Elon is quite possibly one of the least evil public billionaires ever
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, plus he knows money isn't everything. He said he had a deep understanding about it when he Founded paypal...
@darklord220
@darklord220 2 жыл бұрын
@@MT-kx2uc so did they
@realnapster1522
@realnapster1522 Жыл бұрын
Every billionaire made money from other people.
@m.s9146
@m.s9146 Жыл бұрын
100 million is low. It’s another world.
@m.s9146
@m.s9146 Жыл бұрын
@@realnapster1522 not exploitation, just helping people achieve they’d goals snd knowing how to use talent and encourage it’s development.
@blake-nw4pd
@blake-nw4pd Жыл бұрын
A lot people in the comments think that just because your parents are rich you can become a billionaire. If that was the case we would have more billionaires.
@bradcapps5684
@bradcapps5684 2 жыл бұрын
Lovers of money and greedy people will never understand this man.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, they always after money and after money only. This man is different.
@bradcapps5684
@bradcapps5684 2 жыл бұрын
Or it could be something entirely different 🤔 😆 🤣???
@fionamurray8347
@fionamurray8347 Жыл бұрын
❤❤❤
@cw9468
@cw9468 3 ай бұрын
Billionaires are evil
@blamethebillionaires
@blamethebillionaires Ай бұрын
his dad had emerald mining slaves (nepotism)
@SteveRCPilot
@SteveRCPilot 2 жыл бұрын
With his companies successes he has created lots of millionaires.
@ProphetMuhammad-786
@ProphetMuhammad-786 7 ай бұрын
​@@Ryanderson8467Homeless people are lazy. Just get a JOB!!!
@scale...3d
@scale...3d Жыл бұрын
Many people don't realise that s billionaire doesn't actually have billions. They only have a few millions in their actual bank account, and much less in liquid. All their other income is in company stocks, which they can't sell, because if they do, the share price of the company will fall dramatically, and the company might go bankrupt.
@ElonMusk-re1oi
@ElonMusk-re1oi Жыл бұрын
I appreciate your comment so much were are you located
@danielolugbemi
@danielolugbemi Ай бұрын
bro explain this to me like a 2 year old
@scale...3d
@scale...3d Ай бұрын
@@danielolugbemi Assume that the company is a pyramid of gold bricks, refer to those gold bricks as stocks. Now, in case of billionaires, they own most of the gold bricks in that pyramid, so if they sold their gold bricks for cash, the pyramid would fall. In their actual bank account, they might have a few millions laying around, but the entirety of their wealth comes from those gold bricks, which as the company keeps growing, the price of each gold brick also keeps growing and thus the net worth of that billionaire also grows with it.
@TheBeanGreen
@TheBeanGreen 23 сағат бұрын
It's nasty what the media does to make him look bad. He does so much to make our lives more comfortable. He deeply cares about humanity as a whole and it shows in the risks he's taken because he believes in his ideas.
@RebeccaGorin
@RebeccaGorin Ай бұрын
HOW TO BUILD WEALTH
@RebeccaGorin
@RebeccaGorin Ай бұрын
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances...
@RebeccaGorin
@RebeccaGorin Ай бұрын
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity...
@RebeccaGorin
@RebeccaGorin Ай бұрын
Rapid growth in my finance was attained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, and life has been good ever since....
@RebeccaGorin
@RebeccaGorin Ай бұрын
Whosoever tries this sureIy acquires wealth. Get to her..
@RebeccaGorin
@RebeccaGorin Ай бұрын
ELlZABETH GREEN HUNTS..
@HustleMomentum
@HustleMomentum 8 ай бұрын
Respect to EVERY SINGLE ONE who is working hard and doesn't give up.
@lizkellysromero3581
@lizkellysromero3581 3 ай бұрын
💯
@fuckcodythakilla
@fuckcodythakilla 2 жыл бұрын
He’s risked everything to get there
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yeah, He's immune to that. all his life he's been doing that, this man is admirable.
@realnapster1522
@realnapster1522 Жыл бұрын
He was already rich before he started his first business. His Dad owned diamond mines in apartheid South Africa.
@ChelleBelle972
@ChelleBelle972 3 ай бұрын
@@realnapster1522in an interview Elon said his father was lying about that.
@PraxisOfHealthBillFaulkner
@PraxisOfHealthBillFaulkner 9 ай бұрын
It's 2023 and it's absolutely staggering at how many people still think that wealth is cash money - it's not and never has been! Wealth by definition is "value". The old English word for "wealth" is "weal". This is the word that's referred to in regards to "well-being". If you can create a product or service that can add a greater sense of "happiness, health and comfort" to another person, you would have created more wealth (well-being) in the life of that person. Wealth is not "truck loads of cash" stored up in a vault. However, people will always exchange their money for something that can make life more comfortable, healthier and happier ".
@williamramage9461
@williamramage9461 11 ай бұрын
Elon musk is amazing,100% genius his wealth can be on a knife edge due to massive risk taking .He has to make Russian roulette decisions every day .
@courtneyawalsh
@courtneyawalsh Жыл бұрын
Wonder if the interviewer thinks being poor, hungry & living in a tent city mere miles away from extreme privilege is: aggravating & annoying?🤪🙄🤡
@DarkSkies72
@DarkSkies72 2 жыл бұрын
Love Elon. He’s got a great heart. He’s brilliant and I believe in him to always do the right thing. He donates billions of dollars + he does brilliant things.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
He definitely is, he's unstoppable now..
@irvingtang9869
@irvingtang9869 23 сағат бұрын
Money is the mark of the beast for without it you can’t buy nor sell(you can still barter) unless you have money in any form
@wholefoods-expert-chef
@wholefoods-expert-chef 8 күн бұрын
he was alowed be a billionaire, his state mates, made it easy for him and the maf, pp dominate markets, thats all those guys about, props, for others
@mudcreekpottery
@mudcreekpottery Жыл бұрын
People with money do not owe other people money. There’s lots of money out there.
@Reallyreallyoutchea
@Reallyreallyoutchea 2 ай бұрын
Well said. Nobody owes anyone anything in life in general. We all have the same 24 hours.
@VBoo459
@VBoo459 2 ай бұрын
Damn wasted a lot of 24 hours as a baby. People easily forget Elon was also BORN INTO wealth.
@Reallyreallyoutchea
@Reallyreallyoutchea 2 ай бұрын
@@VBoo459 He wasn’t born into wealth at all. He has supported his parents financially since he started. He is an immigrant from South Africa. Stop making excuses as to why he is successful and you still live with your grandma
@Rocketman6500
@Rocketman6500 2 жыл бұрын
He’s doing so much to give back with the fear of not knowing if he dies if it will all just stop 🛑 He’s trying to take man kind to the next level
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
true, he doesn't hold back. because he knows that if he won't do the things to solve problems of mankind...then who will?
@kimberliegregg9726
@kimberliegregg9726 2 жыл бұрын
Your so honest and transparent! I love his Man❤️
@Rocketman6500
@Rocketman6500 2 жыл бұрын
@@SecretsofInvesting I would & I will once I learn how to controle my mind …. & energy …. So many ideas waiting to be brought to life !!
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
@@Rocketman6500 there's no stoppin' you then! May the odds be in your favor :D
@elonmusk20078
@elonmusk20078 Жыл бұрын
Hello dear I will love to get a direct message from you
@joefunk76
@joefunk76 2 ай бұрын
Elon was rich enough to retire to a great life after he sold PayPal around 20 years ago and made $150M from his share of it. He has been beyond generous, working almost non-stop and devoting his life to improving the future experience of mankind.
@thechiefhappinessofficer
@thechiefhappinessofficer 2 ай бұрын
Basically if his biz went broke he'd be broke which is also why he pushes for greatness. Not for the financials but for the progress
@BadGuy-bb1ut
@BadGuy-bb1ut Ай бұрын
All billionaires aren't the same
@wiliss3670
@wiliss3670 Жыл бұрын
Love this humble man's logic.. it disarms all arguments from all and sundry , and he leads by example with grace and respect for others.
@dark_sunset
@dark_sunset Жыл бұрын
Yes, if you take everything at face value. Which is a fool's game.
@Heavenly_Acceptance
@Heavenly_Acceptance 3 ай бұрын
His portfolio is worth billions. His mind and thoughts on how to generate billions is what’s of value. His bank account is still equal to both of mine.❤
@Wirmish
@Wirmish Жыл бұрын
He is not living in a 5 story house with a mega pool full of gold coins. He is living in a ultra small fold-out house he rents from SpaceX. And he use his money to do things, to advance our species, building EVs, Rockets, Robots, etc.
@alexanderdrew3175
@alexanderdrew3175 2 жыл бұрын
He IS giving back! He is giving something more valuable to civilization/culture moving forward than money, as most people squander cash when its just given to them. He has advanced space travel, EV vehicles are now common place, he has changed the world more than anyone individual in a century.
@VENO5407
@VENO5407 3 ай бұрын
Facts! Musk is not in it for the money! Dude literally gave out the blueprints to Tesla's cars and technology to other car manufacturers to help boost the EV industry, despite it being bad for his own company! Gotta love him! And SpaceX didn't even become profitable until recently. It's purpose was not profit, but Musk's dream of exploring space. Neuralink is the same story. Dude want's to improve healthcare and help those in need, and the company isn't even profitable yet.
@SF-zc3mm
@SF-zc3mm Жыл бұрын
Remember, this is the 1% billionaires. It's completely different from the people that profit off milking others or inherit positions/accounts. It's very rare to find a billionaire whose companies are as ethical.
@colbicolbiWTF
@colbicolbiWTF Жыл бұрын
16 billion dollars is what elon has taken in wellfare, handouts and bailouts just from obama alone. yet he thinks school lunches are socialism
@azirbirdo9300
@azirbirdo9300 3 ай бұрын
its not about succes or having money its about helping with this money instead of creating expensive cars
@robertduran178
@robertduran178 7 ай бұрын
Elon barely sleeps, he has worked very hard to build companies. I dont have any money but why should I feel like Elon has to share his wealth with me? Not at all, he worked for it he deserves it, he doesn't have to share a penny with anyone.
@2ndhandjoke
@2ndhandjoke 2 жыл бұрын
Elon is the man and that’s why a lot of people hate him. They envy him and want to be him. Elon is obviously very real and his honesty shows in his words and body language. People, generally hate that in a successful person, they have no defence against truth, so they feel threatened, I guess. To tell you the truth, I don’t really know why. It’s one of humanity’s defects (see Human Condition). I, for one, think Elon Musk might be the saviour of humanity (non-religious) by helping (more like doing it all himself) us colonize Mars, therefore insuring our survival against catastrophe (natural or man made). My opinion!
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
yup, that's what majority do, hate people like Elon that can do whatever he wants to do. it's sad to see dragging successful individuals down who just want to help for the sake of others. People live in too much envy. that's the word..."envy".
@williamowen4024
@williamowen4024 Жыл бұрын
Elon is the last billionaire I look at in that way. Honest man with morales❤
@colbicolbiWTF
@colbicolbiWTF Жыл бұрын
16 billion in wellfare makes him honest? then denying obama gave him the money when its public record? telling his son if he is trans he isnt his son?
@wisewomanhealing
@wisewomanhealing 6 ай бұрын
I don't think billionaires or anyone with Money needs to 'give back'.
@Message1inthesame
@Message1inthesame 26 күн бұрын
Such an amazing prayer at the end, you can tell she was filled with the Holy Spirit cuz I cried the entire time. She has such a way with words that touch the soul & God bless you guys for uploading this video. Praying it spreads far & wide.
@AbbieMills-zv2ne
@AbbieMills-zv2ne 3 ай бұрын
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
@AnnahKimberly67
@AnnahKimberly67 3 ай бұрын
Congratulations,I would love to learn from you on how you get to this stage.
@AbbieMills-zv2ne
@AbbieMills-zv2ne 3 ай бұрын
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
@MichaelTonio
@MichaelTonio 3 ай бұрын
Hey how good are your earnings I will like to get some insights into trading thank you.
@AbbieMills-zv2ne
@AbbieMills-zv2ne 3 ай бұрын
Currently i can attest to the fact that I make $18,300 weekly through trading which is more better then my monthly salary job. Trading becomes my passive income.
@AnnahKimberly67
@AnnahKimberly67 3 ай бұрын
For me I am still in the fear zone, I've always been scared of loosing my money but love to see people share such words of encouragement through their earnings. congratulations.
@debbiesolomon4738
@debbiesolomon4738 Жыл бұрын
We definitely need more men like Elon...
@colbicolbiWTF
@colbicolbiWTF Жыл бұрын
no we dont, he got 16 billion from bailouts and wellfare.
@sylvesterogbolu-otutu1498
@sylvesterogbolu-otutu1498 3 ай бұрын
Elon Musk has already achieved great things. I respect him as a visionary and futurist. He has advanced the technological progress of modern society. Nobody should expect Elon Musk to do philanthropy at this time. He is still consolidating his businesses. Even Mr. Bill Gates that went into the philanthropy business is not too well liked either by many people.
@elsh332
@elsh332 4 ай бұрын
It blows my mind that so many people feel entitled to other people's money and resources just because they don't have it 🤦‍♀️ there's a desperate need for people to actually just grow up.
@MNM49855
@MNM49855 Жыл бұрын
Very humble man and we need more like him💕
@streetscienceofficial8675
@streetscienceofficial8675 Жыл бұрын
Nooooooooo never
@Rzk739
@Rzk739 Жыл бұрын
@@streetscienceofficial8675 why?
@juliosoto6566
@juliosoto6566 Жыл бұрын
I say Elon is a net positive. Something like 55% good and 45% bad. Which is better than the average billionaire (normally 80% bad and 20% good). That said, he didn't need to accumulate over 150 billion to accomplish everything he has. But that's bad policy and a market issue. Let him be. Also, he can't just liquidate everything and redistribute money. He'd cost massive instability in the market and cause a crisis. He can't cash out even if he wanted to. The people like him involved in the system would literally put a bullet in his head. He's stuck.
@fionamurray8347
@fionamurray8347 Жыл бұрын
❤❤
@mpho438
@mpho438 Жыл бұрын
I love how Elon Explains step by step how to become a billionaire in this video, he clearly outlined the process, and the title wasn't clickbait at all.
@ronnibraswell9839
@ronnibraswell9839 3 ай бұрын
Why don't you cry about it
@pratikharwal
@pratikharwal 4 ай бұрын
The fact that people think he didnt give his fare share back means that people don't understand how individualism works on a global level in regards to profiting society and modernization just by one doing his work or job effectively and efficiently
@user-yn5yd6we3h
@user-yn5yd6we3h 3 ай бұрын
Tesla will never go bankrupt if is for the greater good of humanity
@seannagel8718
@seannagel8718 2 жыл бұрын
Loans against his stocks. Said it himself. Thats one trick to avoid paying taxes.
@EmilyW.isawakenotwoke
@EmilyW.isawakenotwoke 2 жыл бұрын
Elon is doing more for our planet than any human ever has... He's working his life away for all of us, and future generations.. we should be absolutely grateful
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
Exactly Emily! as an inspiration, this also a realization in my part that I can do the things I want to do. there he goes says in one of his interviews "If something's important enough, you should try even if the probable outcome is failure."
@EmilyW.isawakenotwoke
@EmilyW.isawakenotwoke 2 жыл бұрын
@@SecretsofInvesting 😁 I adore him.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
@@EmilyW.isawakenotwoke I look up Elon :)
@CEO-ElonMusk
@CEO-ElonMusk Жыл бұрын
Thank you for reaching out ❤
@EmilyW.isawakenotwoke
@EmilyW.isawakenotwoke Жыл бұрын
@@CEO-ElonMusk even though you are not real Elon, I love you. 😁♥💋
@faulkbl
@faulkbl 5 ай бұрын
Wealth inequality is an economic issue. It is not a complaint that he didn’t or doesn’t contribute. The framing doesn’t really weigh anything it ignores the real issues that come from extreme wealth gaps. Investors many times ignore societal issues because they are intrenched in a capitalist ideology and minimizes true effects it can have society. I say all this and I still like Elon.
@KT-gm1no
@KT-gm1no 6 ай бұрын
It’s not so much about having a fat wallet. With his resources he doesn’t worry about household utilities, food or healthcare/car payments..The average American is having to choose what bill gets paid when they get a paycheck
@LIVEMUSICJUNKIE916
@LIVEMUSICJUNKIE916 2 жыл бұрын
The challenge is he can leverage his stocks with loans, which don’t count as income, so he can have wealth without paying taxes. He sold a bunch of stock, so he will pay his fair share now, but this is common place in the elite. They don’t pay themselves, they leverage their companies and avoid tax
@dylan64368
@dylan64368 2 жыл бұрын
he should pay taxes on income he hasn’t earned? So if you buy stocks you should also pay taxes before you actually make any money ?
@LIVEMUSICJUNKIE916
@LIVEMUSICJUNKIE916 2 жыл бұрын
@@dylan64368 I’d do the same thing if I were him, I’m simply explaining it’s a way to avoid paying taxes. However, if you realize gains over, I don’t know, say $100MM in a year (in the market), I think it would make sense to pay a tax so middle america isn’t footing all the bills. This is coming from a moderate conservative
@cristinafisher2565
@cristinafisher2565 2 жыл бұрын
He knew how to leverage his assets to obtain a goal. He is smart, knows how to ignore nonsense.
@dabro363
@dabro363 5 ай бұрын
When a Elon musk says he doesn't have a massive cash balance you know you Need to work harder 😤
@danielwright4931
@danielwright4931 6 ай бұрын
Absolutely love it!! Although you can’t predict the future, you can prepare; the journey is not always easy, embrace persistence, patience and perseverance. Outline your goal and pull your efforts together to attain that goal. I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope, my friend.
@Mikael00898
@Mikael00898 6 ай бұрын
That’s a great motivation! I thought about crypt0 but unsure of it. I currently make $64k/yr. No investment and I need to do something quick. What can I do?
@ameliaemerson2250
@ameliaemerson2250 6 ай бұрын
I’m very much aware of the great benefits of working with a pro but I haven't found one for myself.
@danielwright4931
@danielwright4931 6 ай бұрын
Spot on. The market presents a lot of opportunities to create passive income, with the right skill and proper understanding. Whether you’re not sure about what to invest in, or you don’t have time to manage your assets, just make sure to consult an advisor. I partner with Olivià CharIotte OswaId.
@timmiet47321
@timmiet47321 2 жыл бұрын
That's a man of integrity and willing to put it all on the line.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
He is :)
@toxicdubz3841
@toxicdubz3841 Жыл бұрын
how you should live when there is no restart button. play to win.
@gregpreston1007
@gregpreston1007 Жыл бұрын
I'm 62 years old I've seen a lot of things rich and poor fast and furious I think this man has worked for every single dime he's ever made He's new he's smart as hell and he's shoving this planet technologically to where it should have been 50 freaking years ago
@YourFrienjamin
@YourFrienjamin 6 ай бұрын
He doesn't have to give back SHIT. There is nothing to give back. He's earned everything like we all have. Besides, no business is impervious to bankruptcy. He needs all he can for his investments and "rainy days".
@Nick-xc4fy
@Nick-xc4fy Жыл бұрын
He has loans against his stock to avoid paying taxes. Not in the spirit of the law but by the letter of the law, not illegal, also high risk/ high reward. If politicians are so desperate to have the super rich pay taxes, then change the rules.
@Awoken369
@Awoken369 Жыл бұрын
I was looking for this comment. This is exactly what i said in a long winded form 😂.
@vickijohnson9367
@vickijohnson9367 7 ай бұрын
@@Awoken369 The easiest way to say it and understand it is; The borrowing transaction is not a taxable event in most jurisdictions. All of the super wealthy pay themselves in stock, and borrow, using the stock as collateral (also how Bitcoin is used to get dollars to pay the bills.) The real difference is that the Federal Reserve (head private bank in U.S.) will do whatever it takes to prop up the stock market and get them the inflation they need to rule over all who trade their time for currency. Like Trump stated, “the rich live off debt”. Fact, that’s why they don’t pay taxes, we don’t tax debt as income.🤗
@burgersx2
@burgersx2 4 ай бұрын
lolz so should we pay taxes on house and car loans as well
@julietsteve6600
@julietsteve6600 2 жыл бұрын
This period making a good profitable investment should be in every wise individuals list ♥️♥️🔴
@rachaelariana7759
@rachaelariana7759 2 жыл бұрын
@John S. Davis I also trade with Samuel Richard, his trade strategies helped me earn $21,750 after a successful investment of $2,500
@lilianraulmaria4
@lilianraulmaria4 2 жыл бұрын
Without the help of expert Samuel Richard, I would have still been in abject poverty struggling with life
@rolandsam1529
@rolandsam1529 2 жыл бұрын
@@lilianraulmaria4 You can’t compare Mr Samuel Richard strategies with others, his so accurate and he helped me grow my portfolio above $30,000
@dawnsonmorgan4100
@dawnsonmorgan4100 2 жыл бұрын
My previous trade with him gave me a total profit of €18,000 so am definitely going for a new trade this week.
@marystone1471
@marystone1471 2 жыл бұрын
Please I really need to get this, how can I start trading with Samuel Richard??
@Neurobsessed
@Neurobsessed 4 ай бұрын
This guy and his team do more to earth than any government would do. Hating them makes you part of the matrix.
@janufaallah800
@janufaallah800 Ай бұрын
I'm fan of Elon musk
@msw170
@msw170 Жыл бұрын
Humility at its best! Health, peace, prosperity, and happiness to you. ❤
@m.s9146
@m.s9146 Жыл бұрын
He isn’t humble. He is logical, rational thinking has worked for him.
@fabybless
@fabybless 2 жыл бұрын
IT JUST SHOWS HER OWN INFERIORITY . LET THIS BRIGHT AND GENUINE MAN WHO HAVE SO MUCH TO GIVE TO DO GOOD TO HUMANITY. Politicians they just talk and expend the taxpayers money.
@classicleslie6914
@classicleslie6914 2 жыл бұрын
Politicians have always been about taking money and oppressing the people ultimately. They are the ones who the poor should be after. Politicians never give anything in return. They sell you your oppression which is always a lie, cater to your emotions and manipulate it to get them into power so that they can take money and change laws only to suit them, only for the money. The government and politicians should always be kept at a limit, like as a garden snake and far away from a dragon.
@CEO-ElonMusk
@CEO-ElonMusk Жыл бұрын
Thank you for reaching out ❤
@moirarussell1950
@moirarussell1950 8 ай бұрын
People hate it if we’re happy, or pretty, or rich,or talented or blahh blahh. Who cares? Elon is clever and funny and nice… he will always have good friends and admirers.
@MakeRedWaves-SwingVoter2024
@MakeRedWaves-SwingVoter2024 27 күн бұрын
Um, basically, he just said he's not a billionaire. It's kind of deceitful on the interviewers' part.
@KingTrunkzdbz
@KingTrunkzdbz 2 жыл бұрын
They take out loans to pay their debts and in that way avoid paying taxes on billions in earned income, because when you pay your debt through a bank loan you can take tax deductions and not have to pay taxes.
@Wirmish
@Wirmish Жыл бұрын
No. He didn't avoid paying taxes because he have no income. He have no salary from his companies. Not a long time ago he didn't have money, only shares of his companies. You can't go in a restaurant an pay with your shares. Selling share is bad. That's why he use loans.
@simsim8865
@simsim8865 2 жыл бұрын
Jealous people will always hate successful people. Its a sad human trait.!! No need to worry about those people... They will not contribute anything valuable to anyone anyway.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
exactly, I read this somewhere, Envy is the greatest evil force of human.
@simsim8865
@simsim8865 2 жыл бұрын
@@SecretsofInvestingThat is sooo true. Funny how those same people will try and shoot you down, but spend all their time trying to be like you.....
@michellearroyo816
@michellearroyo816 5 ай бұрын
People need to go get a job this man has earned every penny and still works crazy
@-redacted_by_youtube
@-redacted_by_youtube 3 ай бұрын
How to be a good billionaire. We might not all agree with him but he's not wrong in a lot of things.
@nothingisgiven8364
@nothingisgiven8364 Жыл бұрын
Elon Musk is a guiding light. It's the silent oligopoly people are angered by.
@Garmoo5600
@Garmoo5600 2 жыл бұрын
Billionaires doing the work other dread to do! I'm fucking glad I don't have to make the kinds of decision! I would like to be a millionaire but I don't have the attention spand to deal with the headaches, you can call me lazy but ADHD and Dyslexia is terrible! hats of to all you millionaires and Billionaires out there and thank for the one that create corporations that allow mea to earn a wage and buy stuff!
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
very well Jordan! everyone has their own decisions to make. some have the guts to take risks and some don't want to,.. but some people like you are doing just fine and completely happy with their lives! hats off to you as well :)
@KK-pm7ud
@KK-pm7ud Ай бұрын
He had loans against his stock. This means he didnt have to pay taxes on the stock he essentially sold.
@Thewealthwarehousepodcast
@Thewealthwarehousepodcast Ай бұрын
People can do the same thing he does, but with whole life insurance.
@Lucalikesstuff
@Lucalikesstuff 24 күн бұрын
He paid the largest tax bill of anyone in history when he sold his stocks. Didn't use any fancy tricks to get out of it, just paid it to show he was paying his share. Which makes what Elisabeth Warren said about him ridiculous.
@djdefaut6869
@djdefaut6869 5 ай бұрын
He worked hard for it, so what he spends it on is up to him .Also he needs a lot of money to bring his dreams into reality. His space x program is a step in the right direction .
@carljohnson1556
@carljohnson1556 9 ай бұрын
Elon- "My cash balances are very very low". Meaning at least a dozen billion dollars😂
@drummergod2006
@drummergod2006 Жыл бұрын
Yeah we have people starving in this world, but also have people who can prevent it.
@OGTennyson
@OGTennyson 8 ай бұрын
Why don't you go prevent it then😂😂
@DavdMar
@DavdMar Жыл бұрын
Did you all miss that? He has loans against his stock. He doesn’t ‘earn’ anything per se. That’s how you minimise your taxes people. Pretty clever
@OmegaVideoGameGod
@OmegaVideoGameGod 5 ай бұрын
What a lot of people forget is having great ideas is one thing but to be able to make it a reality is a different, that’s the harsh reality of why only so many people get as far as Elon did.
@Dara-ih6jq
@Dara-ih6jq Жыл бұрын
Imagine doing as much for humanity as Elon musk has done to move humanity forward, and then some person who is pretty much done nothing that some other random person couldn’t do has the audacity to say you’re not paying your fair share.
@lauriemaitiq3153
@lauriemaitiq3153 2 жыл бұрын
It is only on how you use your money. God loves the rich and the poor. But it depends on how you use money. Because everything came from God. The money that we get comes from God. For God is the one who supplies for all of our needs. But if you have the attitude for the "love of money", then that is wrong towards God. Because money is the root of all evil. Jesus said unto him, (the rich man), If thou be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasures in heaven: and come follow me. Then said Jesus unto his disciples, Verily I say unto you. That a rich man shall hardly enter into the kingdom of heaven.
@lauriemaitiq3153
@lauriemaitiq3153 2 жыл бұрын
💖
@lauriemaitiq3153
@lauriemaitiq3153 2 жыл бұрын
💖
@lauriemaitiq3153
@lauriemaitiq3153 2 жыл бұрын
Amen 💖🔥
@garybratton7250
@garybratton7250 Жыл бұрын
Why ELON has been a superior leader compared to others….he has skin in the game. America, and capitalism are great when leaders take personal risks to be successful, and America is weak when leaders risk only their stock holders money. We will never be great again until we learn how to structure our corporations (read banks) where the leadership is PERSONALLY at risk for the decisions they make.
@Larimuss
@Larimuss Жыл бұрын
Don’t see anyone complaining about a ton of their tax dollars going to a private bank in interest payments for money that never existed in the first place. No one even speaks of where this money is all going?
@musicgal9830
@musicgal9830 3 ай бұрын
Okay but when he says ‘bankrupt’ I don’t think he means ‘not enough money for food or gas 😂
@donaldmack2307
@donaldmack2307 3 ай бұрын
Yeah like he says "my cash balance is low.... unless I sell my stocks" lol
@ob5393
@ob5393 2 жыл бұрын
His entire existence is giving to us.
@SecretsofInvesting
@SecretsofInvesting 2 жыл бұрын
he's making himself a superhero lol. I admire Elon
@bliss7664
@bliss7664 6 ай бұрын
Stop asking for handouts people, be creative and smart and you can find a way to make good money
@1_Trollhunter
@1_Trollhunter 6 ай бұрын
First of all billionaires aren’t evil their successful second of all give back what like what do they owe us
@AngryAsian69
@AngryAsian69 2 жыл бұрын
Elon Musk is the only African American that's benefitting society
@MrWoo-jc8nt
@MrWoo-jc8nt Жыл бұрын
Karate
@jasonkoroma4323
@jasonkoroma4323 8 ай бұрын
Only one? Where'd you got that source from, Stormfront?
@vish5030
@vish5030 2 жыл бұрын
But he got divident though
@frisco61
@frisco61 2 жыл бұрын
Tesla doesn’t pay dividends.
@annalisavajda252
@annalisavajda252 2 ай бұрын
I think many wealthy people do acquire their fortunes with deception and ambition ruthless tactics so that's why sometimes someone honest and hardworking isn't recognized as such.
@tomasleonor1642
@tomasleonor1642 11 ай бұрын
That's his destiny we need to be proud of him. Thats the most important thing to do as a persom who dream to be like him. The diff of him is that he is so hardworking and passionate and consistent and patient in all angles❤❤❤
@vynisong3069
@vynisong3069 Ай бұрын
It’s crazy. To think riches guy on the planet lives the same way as the poorest person does paycheck to paycheck and pays rent just like anybody else.
@user-sg2ud2wm6t
@user-sg2ud2wm6t 3 ай бұрын
If we donated a dollar to real people in our cities and towns instead of tax all of us would always have cash
@haydenshoup3484
@haydenshoup3484 11 ай бұрын
He’s the greatest innovator of our time. He deserves everything. He put his ass on the line and all his money to keep Tesla and Spacex going. He deserves even more than what he has created. Nobody in this century has even come close to his accomplishments already.
@mrcr3pzco637
@mrcr3pzco637 2 ай бұрын
Dudes creating change for humanity
@efrainperez846
@efrainperez846 Жыл бұрын
You give back directly by giving your very best talent and produce an exceptional product.
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