their entire lives will be spent constantly looking over their shoulders. All it takes is the wrong or right person to recognize them wherever they are "That's the mothereffer who told me that coin was a sure thing because they were so heavily invested in the coin" Now I agree with Asmongold, fools and their money are soon separated, but that doesn't mean I am going to lose any sleep when these thieves end up in a basement with someone else and their blowtorch.

I was wondering what happened to those episodes

The issue: if it was just Yotta people would think okay nobody is perfect. But almost everything they promoted was a bust. They just wanted the money and views and no DD was done. Andreis NFT and shitcoins were a 90% loss. He was still making blockfi videos after other exchanges went under. Meet kevin covered so many stocks that are down huge, Graham saying too risky to buy a house vs renting but then shills FTX. Basically what the shirtless guy in this video was saying back in 2021 on his channel. Established titles was also scummy. Cathie woods is also a horrible investor yet she makes millions a year to manage (lose) people's money. The whole finance space is gross.

@@heavyhebrew I'm pretty sure they never said to invest into a specific coin as that would break ftc guidelines on being an actual financial advisor. If you don't know a person should not advise anything specific as it opens them to a lawsuit as said person did not have the financial information of the individual. This is the reason they say they're not a financial advisor as there a bunch of legality assoisated. FTX is probably a bad example as the bankruptcy ended up as an 18% gain for people who used the platform which is crazy as normally bankruptcy will normally mean almost total loss.

@@kennyadvocat taking a paid sponsor is not the same as promoting.

They just got smarter, da circle of life, to fool the dummy to feed the rest

I agree most of them are scam artists. What you want is someone who has what is known as a fiduciary duty whom you pay who has a degree belongs to an association and has a reputation to protect and a career to safeguard. So they have something to lose if they cheat and are scammers.

@@ANGRYWOLVERINE2060-ft2nc yep

@@ANGRYWOLVERINE2060-ft2nc Even then people find a way around that. What you want is the ability to think for yourself. You also need to spend a lot of time studying what you want to know. The biggest reason why people get scammed is that they don't put in the necessary work to research what they are doing. Instead of watching one 10 minute video, you need to spend a couple hundred hours studying and an equal amount of time critically thinking about what you studied.

@@emansgaming910 Its just the reach, amplified via algorithms.

@@DonCDXX this

I mean the early adopters of pre 2017 are the only ones actually benefiting from crypto. My only advice is to buy crypto when you have funds you’re okay to lose. $100 into bitcoin, then forget about it for the next 10 years.

@@robster7787 the very essence of a MLM 🤣

Well.. there is someone promoting just about every crypto out there..

That should be the assumption when anybody tells you to buy crypto :')

Is old school RuneScape still good I want to go back someday but I can’t ever get my account back ;-; cause I can’t access that email

@beasthaven1571 yeah that definitely sucks. But it's the exact same addicting game from back in 2007. I play on the phone and it plays really well on there. Can't really do bosses but everything else is easily done on the phone :)

@@beasthaven1571it’s actually better than ever. You’ve got all the old school stuff with a bunch of community driven additions that are so good. Osrs is elite

Hahahahaha same here brother

​@@beasthaven1571you would have to start from 0 anyway, your account os a rs3 acc now

...mmm hey you might be onto something here

Even adding the extension to re-add the dislikes is still extremely disingenuous now since KZfaq still tracks dislikes and that is why the extension works but almost everyone who doesn’t use it think it is useless so they don’t dislike the videos giving them a higher like ratio.

What about a Community Notes system, like X/Twitter?

It's wild they removed the dislikes over joe biden in 2020 lol

That would fix so much.. not just the scammers.

Desperation homie...that's how!

Desperation and lack of understanding, encouraged in the education system.

There are a lot of new suckers out there every year, who haven't been around since the 80s.

I remember chicks trying to sell me Herbalife in the 90's

@@whenpigsfly8178 i seriously don't understand how you're blaming the education system when people aren't just smart enough in general. every public schools teach you critical thinking. every single one. basic financial literacy like ponzi schemes is introduced in goddamn middle school.

Buy the hype. Sell the news.

Agreed, I’ve always felt this way.

Not all

Thats anti semetic

Oy vey they are noticing ​@@Ne0ConKiller

Shady salespeople dont run north korea. Shady salespeople dont live too long if they scam a Mexican cartel. One could argue we in the west are uniquely vulnerable to them due to our open and tolerant culture. That said im not moving to NK or cartel run parts of Mexico anytime soon.

​@@Ne0ConKillersay what?? How so?

dat a smart stradgedy cuh

Well the idea is that they influence your day to day life

lmfao... Checkmate.

The day will come when you will have A LOT of money. 😏

Yup. People can't use you if you are useless.

Sorta like assmongold

@@samuelberson8202 yeah asmon has to be the worst out of all the finance influencers

@@FeedingKittenslol yea a real wow / mmorpg finance guy

@@FeedingKittensyeah, I’m done taking financial advice from him.

I mean he's pretty good at saving his money and not spending big

The advice most people needa follow the most sadly

that's all he really can give to people who are so far down in debt that they literally cannot do anything else with their money other than to pay off their credit cards 😭 his videos really does get repetitive

DONT BUY COFFEE !

​@@deerine stopped watching for that exact reason. Same song and dance just different people

@@bravo_10 but its true though, and people need to hear it. I thought I was good financially until I looked at my APR and money I spend on convenience items. Caleb has helped me a lot, even if its repetitive.

Don't meet Kevin - loooool

15:20 Dave Ramsey

​@@jimba6486 Dave Ramsey lies a lot

Oh man, that's all they do. It's when market drops a lot is when you see the real traders. These fake traders, ask them about geopolitics, weather, ceo being replaced, etc and how it affects the company. Gonna bet they will answer that's macro and it's irrelevant, aka to lazy to research a company.

Lol I love the people buying a car wash/laundromat etc. I've looked into car washes in my area they are all crazy expensive 2-5 million. If I had that kinda money I would live off the interest

Bull run still going baby! Up 25% in 6 months! We got another 10% to go at least!

Also, live below your means

Nah

Well said. Track the s&p 500 with an etf, retirement done. Get rid of social security for all those except for who actually really need it

Be born with rich family or in or near a reach neighborhood and network. Or do crazy viral stuff in the interwebs.

@@wahahabuh Re: living below one's means-true, although that's pre-investment since investment presupposes having money to invest. But yeah, positive cashflow is pretty darn fundamental.

Exactly. This take by Asmon shows he clearly is hiding something or plans to grift bad products. Hes not STUPID his words were chosen wisely and those words expose malice.

Markiplier who has been a KZfaqr for over a decade and has taken atp at least over 50 sponsor deals over his career from different brands did not catch onto yotta, the sheer experience behind mark being unable to catch onto yotta exculpates the rest. I do agree that graham and them are dickheads and have done shit like this knowingly before but whether they knew or not about this banking thing is pretty much unprovable with someone like mark falling for it as well

@@Avery.D99 I don't think he is so smart, he think cockroaches are fine and not showering is fine

But you as the consumer bought into it and are responsible for what you do with your money unless you were hacked and didn't do it yourself you share 50% of the blame and other 50% goes to those advertising it but end of the day you choose to give into it

Why can't people do their own research instead of blindly listening to others?

lol exactly.

Though reaction videos draw a large crowd.

yet here we all are giving him our precious and invaluable time and attention.

sounds like a well established mandatory management course

Future? The look sketchy

Sounds like a lot of college professors haha

sounds like all the Consulting firms out there. Almost all of their Consultants had never ran a company before, and they are advising people how to run their company.

Guy sounds familiar. Dunno who exactly

Yeah, his part in the whole dispute is bigger because he invested and promoted it. He didn't just take a sponsorship on the product for his channel but went above and beyond to invest in the product as well. Which he should be held to a higher standard because of that to his audience.

So... part owner because he bought stock? Or part owner as in he helped run the company and made decisions that led to the failure? Also, seems like he lost more than the people that watched his videos if he bought into the company itself since it is failing... (keep in mind I have never watched his videos or care about him in any way)

@@hulkslayer626 he ran a video he since deleted ofcourse and it started hey guys I just bought a bank well not a physical bank let me tell you all about it and why it’s such an amazing thing. Him making or not making money doesn’t really mean much at the end of the day. He also lied and mis represented what it was as a business he portrayed it as a bank when it’s merely a middle man to a bank meaning when the inevitable happens the people have zero recourse. Absolute scam through and through.

@@hulkslayer626 he made a video called "i bought a bank"

@@Chickenfriedpenguin I know. I saw the clips in the Coffeezills video. But what I gathered was he bought shares in the company after it was established and running, right? He didn't help found it. He didn't help run it. He wasn't a CEO who made the decisions that led to the downfall. He just purchased shares and stock because he thought, like a lot of others, that it was going places. So he got screwed even more than his viewers. Also, I got the general impression that it wasn't an actual "Scam". There is an issue with 2 of the subsidies that are arguing back and forth about transactions. It wasn't a "pump and dump" or anything. Am I wrong about that? If so, specifically which part? Thank you in advance for any insight.

They're beta testing everything for us

This.

No, they are the ones that keep the scammers around. If there were no stupid people falling for scams, there wouldn't be scammers. On the other hand...if scammers didn't have such an easy time scamming, maybe they would put more effort in making them more dangerous? Hmmm... maybe you are right, you don't have to be good at not getting scammed, just better than enough other people that it's not worth it to scam you.

caveat emptor

Everyone should learn sales psychology.

​@@rleeg6744I used to work in IT at a mortgage company during the mortgage crisis. I can't stand sales people now. All of these people just lied to their clients all day long and even encouraged their clients to commit fraud.

Not even similar.

I mean i havent met a lord yet...

Wasn't it like a meter of land? I'm sure People with brain knew that its just shits and giggles

People should have listened to Larry David.

First, you have to have a law degree to be able to BS your way up 😂

Invest in NANC Unusual Whales Democratic ETF. Its an ETF that tracks what insiders that create financial laws, invest in. You'll get the same stock's Nancy Pelosi's husbands is told to buy.

@@jimmielin1141eh that’s not really a requirement nowadays either.

​@@CommanderWar64 but you do need connections

​@@jimmielin1141Obama did not have a law degree he was a food critic. He went from average salary to multi millionaire from a job that "only" paid 250k a year...gives me conniptions

She's cooked fr.

People tend to forget that its a shitty world we live in. No one will go out of their way to help you without benefiting them in some way. You can argue your friend or family will but to count on strangers, good luck man

@@akiramurakami3177 Their are only very very few people who are inherently selfless, like single digit percentage. Their is a reason why those kind of people are bred out of the gene pool

​@@Yggdrasill8 Im one of those people and all i do is get taken advantage of. Within myself i try not to be the people i dislike but society makes that very difficult. Only jesus christ helps now.

Not exclusively at least. When I look at Mr Beast for example, at least a part of that is altruistic, but clearly a good chunk is to have content he knows people will click on.

​@@thestarisalie You have to be wise about when you put yourself out there. I got to a point where I got tired of being the only one playing by the rules but I didn't want to undermine the better person I was trying to be. I still don't have the perfect answer must in most cases I just let situations take there own course and stay disconnected until I'm convinced I can "do the right thing" without being set back by it. It's disgusting watching people degrade themselves into animals fighting to be king of the hill. But with kids, I got my priorities and who's opinions only matter. Everyone else, even other family and friends, have to find their own way. But that's me. Just keep in mind Jesus knew when things were a waste of time, he kept silent before Pilot and would remove himself from a crowd getting out of control. Letting the world beat you down doesn't help anyone or yourself. Exercise restraint and precision and good luck.

You mean scam influencers?

God I am sick of people throwing bro at the end of whatever it is they don't like... crypto Bros, AI bros, Bernie Bros, etc...

Theres a difference. Finance bros don’t by definition make content about finance, more likely random bank/invest firm employees

But finance bros also includes the people who fall for dubious products and keep believing in them even when they fail

True, there's a couple good ones in the ranks

They are really no different than those late nightly 12am to 6am TV info commercials in the 80s and early 90s.

Don't assume they have any money.

Yeah they all "started with real estate" and got into it "a few years ago."

"Anyone who is more successful than me definitely got there cause they were lucky" I'm sure the world will recognize your genius someday guys. Keep coping

"Lucky to be in the right place at the right time" is cope.

And KZfaq videos and ads❗️

Are you new to YT?

@@bri-manhunter2654 yea actually. I’m guessing this is kind of a dig, but yes. I’ve retired and have a lot more time on my hands

Very well said

i mean some people do "get rich" but for sure it isnt a high probability.

>mistakes Riiiiight

Year, sure. Finfluencers are not legally held accountable to meet their fiduciary duties. Go hire a proper financial analyst.

Kevin didn't get scammed, Kevin got paid. Kevin was part of the scamming team.

Lots of people were taken in by that FTX dude. Lots of politicians, too

You get burned playing with fire

That gets me every time. Shark got scammed.

He's not a big guy in finance, only in finance media

This

It dropped out and is here to stay lmao

people absolutely would get mad at a video game youtuber who gave out deliberately misleading advice. It would be petty but when has that ever stopped people?

Acting solely according to how the world should be just makes you Don Quixote, but acting only in response to how the world is turns you into someone without compassion. You need both in equal measure.

Trouble is that Machiavelli also said something like "You can't treat your workers like crap and pay them as little as possible. There has to be at least some incentive." Well, turns out that was completely wrong. They'll just come to work angry.

I agree, both have interesting ideas. In general with what you quoted, indeed, because both are referring to the same (virtue) ethical philosophical concept(s). One from the individual perspective, the other from an applied individual perspective on the realism of society. You could narrow that down to Socrates. Both have much more to say and are based on their interpretation of stoicism and realism at the time. As for Machiavelli, I do think he is one of the worst to base your beliefs on. He wasn't the first to think this way, it was just not socially accepted for leaders or people in powerful position to hold those views (although they may be temporary correct). They are held to a higher standard due to the fact they aren't just individually responsible. But you could interpret and apply his views purely for learning and understanding the world as an individual. Machiavelli went far beyond that and wanted (political) "power" everything was justified to get more of it. He basically wrote a "modern" handbook (The Prince) for how to be, bad a successful practical tyrant, in politics and beyond. He turns ruthlessness and treachery in matters of principals. Not only that, but he turned it into an in a system and laid down the foundation/ wrote the handbook that changed politics forever and is still used today. It twas Stalin's favorite work Why aren't there boring, average good politicians who do care and know what they are talking about, don't use fear, manipulation and lies as a tactic or take responsibility? Machiavelli explains it, or you can extract it from his work and see how it's openly applied today. This is in stark contrast to how people want their leaders to be today. Or with the scholastic doctrines of ethics and politics in previous time periods and history. Where politicians, tribe or monarch leaders often had absolute power (which Machiavelli wants) and were partially selected/educated and advised on good moral virtue's/ personality traits. And didn't go down the road, normalized the degenerative corrupting Machiavellian process to obtain power no matter what.

People are shitty animals and are looking out for only themselves at the expense of others. Asmongold is being real with you, thats how life is and thats how people really are.

@@lv1543 Maybe some people are but not everyone

Its only illegal to give financial advice if you have insider information and its only illegal to give medical/legal advice if you are acting like you are a certified professional on the subject.

It's only illegal to charge money for financial advice. You can go out of your way and tell anybody anything you want but if you want to charge them money you have to have a license.

This is technically not correct, as the other commenters have pointed out

Probably wouldn't be bad if it were illegal. Can't tell you how many times I've been like "Hey I've settled 400 cases directly on this issue as a licensed professional I can tell you X" but some burger king dude yells more and gets more likes and gets to screw up everyone's lives with deranged false advice because everyone goes "me no like lawyers" (usually because of 1980s meme jokes not any actual experience with a lawyer).

are you a lawyer? this can be considered legal advice as you are talking about a fact about laws, and wrongly, as others have pointed out. you cannot express interpretation of law ("there is a reason why") since that is a topic only suited for lawyers and policy makers by the logic that you are implying. and you have not delivered a license allowing you to speak about this matter. also, since this comment is public, this must be considered broadcasting.

he's controlled opp

How exactly is one supposed to do the right step on their own if they didn't have parents that showed them how to properly invest?

​@@tomlxyztrial and error? Research? Data? I'm sure that investment is not taught by parents for most people

Call me a traditionalist, but any 'bank' that hasn't had to contemplate a physical, real world robbery of a branch, isn't a bank. I know it doesn't make too much sense, but if I can't walk in there and look a bank employee in the eyes, I don't consider it a bank.

@@bararobberbaron859 I agree, if you do not have a massive building with columns and faux classical architecture, how can you call yourself a financial insitution...you are broke bruh!

How is a bank a casino? This comment makes zero sense and shows a infant's understanding of the banking world.

@@bararobberbaron859 Ok you don't consider it a bank but you'd be literally wrong. Boomer

​@@warcraftarthasit partially is a casino, they take their customers deposits and loan them out to businesses and individuals, sure some have high collateral and low risk, but products like consumer loans have high risk and could be considered gambling. Also, ever heard about investment banks and their sales&trading divisions? The whole business is gambling with risk management, of course the money is raised in terms of LP/GP fund structure and the investor acceps the risk, so it is not unethcial. But remember 2008? Loans were given left and right and many of them defaulted, consequently many banks collapsed because of the bank runs and fucked the whole economy. So yes I don't agree it is a casino, because you don't come there to gamble, but the banks, they do gamble with your money.

What’s ironic is their (“gurus’”) way of making money is literally thier students and I’de be willing to bet the only way they can follow through or deliver to a student is to have them learn to sell hope to new students 🙄

Special treatment for people who aren't anything special, yeah its bound to rub people the wrong way. Many of them are out of touch too, not saying they don't have problems, but to pretend they aren't getting some of the highest 'dollar per hour of effort' is insane! Make $2000 (after costs/tax) for a 3 hour podcast with a sponsor (assuming 2 hours of negotiating and looking for topics etc.) is $400/h. Meanwhile the Walmart greeter gets $15/h? Yeah, don't expect the Walmart greeter to feel bad for you when you say you've 'been putting in so many hours' lol. Some of them out-earn Cardiologists and trauma surgeons, being essentially pointless instead of lifesavers. The hate is justified.

this

Also this

To be fair, that's half of KZfaq if not more. Doesn't make it better unfortunately....

I know what you mean. I remember very vividly like a year ago that I saw the exact same titles from all these guys: "China about to bankrupt, prepare now". 5 or so finance youtubers with nearly identical thumbnails and titles. I asked my Chinese friend and he was like: wtf are you talking about, economy is doing great. lol

Kenneth and Creflo are also in finance, they just wrapped it in religious nonsense. These prosperity preachers are actually worse than the finance bros.

I would also add Sasha Yanshin to this thread, whose fiery thumbnail backgrounds are at much more palatable than say... Steven Van Metre's "gloom and doom" due to actual report/data analysis.

Clear value tax is a crypto shill

@@BigT209 that's a joke. You can't name one crypto he has "shilled" whereas most of the other finance youtubers were in bed with FTX

@@BigT209its a joke brother look into him dont believe it lmao

Agreed

If it's options there are no backs to hold they lost everything not even shares. But even if you bought shares the CEO is a pedo so you still lost everything or a 98% of it

Everything Money Paul is okay, but you do have to do your own homework and only use him as a starting point for your own investment strategy.

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

Finding yourself a good broker is as same as finding a good wife, which you go less stress,you get just enough with so much little effort at things

Yeah,253k from Ms Christy Fiore, looking up to acquire a new House, blessings.

You should always do that regardless of any disclaimers. But at the same time, the disclaimer doesn't magically turn advice into non-advice.

@@bogdanlevi of course but the reason they say the disclaimer because if they don’t they can be sued and possibly face jail time.

Wrong, these finance influencers wouldn't tell you to buy luxury stuffs. It's the opposite, they'd tell you to stop buying coffee at starbucks as if the coffee is the only thing stopping you from getting rich.

Used cars are a little risky to purchase. It is better to save up and buy a new car for cash and then save up for your next car 15-20 years later. Never take a car loan that charges you for early repayment, and if you do take a car loan pay it off immediately. Only go to one mechanic with your car, and make sure they are honest before you start going there. The reason you save for your car is that the interest on your saving/investments will make you money, where as if you take a loan it will cost you more money. If you can't save enough money for a new car, then a used car is worthwhile until such time as it takes more than 25% of its wholesale value in repairs at two consecutive tune ups, or more than 50% at one tune up. The ideal amount of money to save for a car is $300 a month. I understand not everyone can do that, but if you want to optimize your financial return, spend less and save more. My preferred maximum spending on luxuries is 25% of the amount I save per month.

That fact you trust any type of influencer shows

Ingvar Kamprad who started Ikea owned a shitty car, but it lasted him quite long. Expensive cars will only give you an expensive outcome. x) It ain't worth it.

Exactly, I dont trust strangers off line and especially not on the internet

Sick of him too

i like the stock.

@@StaceyAllen418 he puts his money where his mouth is, these other finance influencers always keep their positions quiet, if they even have any.

There is something of a difference. A GPS leading you into a lake only requires functioning eyes to see. Financial scams aren't necessarily that easy to spot if you don't understand how that world works.