Why Billionaires Are Desperate To "Live" In Florida

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Күн бұрын

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#billionaire #florida #business
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Last month Jeff Bezos settled on this ninety MILLION dollar [$90,000,000] mansion on Indian Creek Island in Miami. That is the THIRD eight figure property purchase the Amazon founder has made in Miami in just the last 12 months. But the billionaire migration to Florida is making even Jeff's two hundred million dollar portfolio of properties look downright modest. According to the New York Post, Citadel Securities CEO Ken Griffin has purchased SEVENTEEN oceanfront estates, some worth as much as a hundred million [$100,000,000] individually.
He is now knocking them all over to make way for one for one single beach house for his retirement, that is estimated to be worth more than a billion dollars once complete. None of these billionaires are native Florida men, but it’s not the sand and the sun that’s bringing them down there. So why are billionaires scrambling to get into Florida all of a sudden? While other parts of the country are cracking down on billionaires and their extravagant lifestyles, Florida is trying to make itself the perfect hideaway for them and their money.
According to the LA Times the Mayor of Miami actually personally courted Elon Musk encouraging him to move his primary residence and businesses to the city. South Florida WANTS to be the perfect place for you to live… IF you're extremely wealthy. Miami has always been a popular destination for the ultra wealthy to spend their summer vacations. According to data collected in a study by the global wealth management firm Henley and Partners, and compiled by Visual Capitalists, Miami is the most popular vacation destination for the world's twenty five thousand [25,000] Centi-Millionaires.
Those are people with a net worth of one hundred million dollars or more… In the past most of these ultra high net worth individuals would return back to their REAL jobs in REAL cities like Seattle, New York, San Fran or LA. BUT NOW they are moving to Miami for good, and they are doing it for three surprising reasons.
The first reason is that Florida is a safe haven for wealth.
But using Florida as an asset bunker is just the first reason, so it’s time to learn How Money Works to find out why so many Billionaires are desperately rushing to make Florida their home.

Пікірлер: 1 400

@HowMoneyWorks Ай бұрын

Thanks to MANSCAPED for sponsoring today's video! Give your boys the love they deserve. Get 20% OFF + Free International Shipping with promo code "HMW20” at manscaped.com/howmoneyworks

@Dion-mo5pz Ай бұрын

How do you animate these guys walking around

@youzhou3001 Ай бұрын

”Half of the state’s top 10 billionaires live in South Florida” So 5/10 billionaires live in the southern part of Florida while the other half live in the northern one😂

@HowMoneyWorks Ай бұрын

LOL none of us noticed that while making the video.

@jeffc1347 Ай бұрын

It's not true that half the billionaires live in North Florida, as Floridians will tell you Florida is broken up into 3 mega regions. South FL (Miami, Ft Lauderdale, Naples, Ft Myers, Palm Beach) has the most wealth. Central Florida (Tampa, Orlando, Daytona, Space Coast) has the second most, as it also has a lot of northern and Latin/South American money but just not to the extent that South FL does. Also its the #1 tourist destination in the country. North FL (Pensacola to Jacksonville) is by far the poorest region of the state, resembling more of the traditional south both economically and culturally. Although that has been changing the past few years because South and Central FL have become so expensive, now people who want to move to FL are starting to consider north.

@Droidman1231 Ай бұрын

It's worse than it sounds. For whatever reason "South Florida" just means "Miami Metro Area", not the actual southern half of the state.

@jghifiversveiws8729 Ай бұрын

Nah Central 😂

@nunyadambusiness3530 Ай бұрын

@@jeffc1347 I live in Pensacola, you aren't wrong. But now Pensacola used to have $600-$800 rents not even 3 years ago. Now they're pushing $1,600 and the poverty levels have increased dramatically here. It's greed. They're hurting us locals and those who were raised here and can't afford to leave because the cost of living became so unaffordable. I'm on SSI and I'm terrified I'll become homeless when I renew my lease on my $595 trailer, landlord sold the park to a corporation.

@SammSam13 Ай бұрын

As a native Floridian, I need everybody to go home.

@88worldtour80 Ай бұрын

Fr house prices are insane now

@jimk8520 Ай бұрын

I was born there too. It’s far easier to move yourself than it is to convince crazy humans that they are, indeed, crazy.

@name_unpickable Ай бұрын

Amen "WHAT are you doin' in mah swamp!?" -Shrek

@NoSauceBoss-sm6zx Ай бұрын

I agree. People need to stop moving here, it's making it harder for natives to afford staying here.

@BurntHorizon Ай бұрын

You get what you vote for. Sound familiar?

@nwatson2773 Ай бұрын

I live in Florida, not a millionaire. But all the 1% have mansions and Mac mansions here. The cost of living is so high that Working class people are moving out and schools In my area have low enrollment. Homelessness is criminalized with a felony if you are caught sleeping outside.

@reprovedcandy Ай бұрын

Wow. I like the sounds of that homelessness law.

@NoSauceBoss-sm6zx Ай бұрын

@@reprovedcandyWow. Some type of human you are.

@ThriftyCHNR Ай бұрын

@@reprovedcandy well it doesn't reduce homelessness, it just moves it/or covers it.

@XC-Z-cv8qw Ай бұрын

@@ThriftyCHNR By design

@ayanned Ай бұрын

What is the worth of a place without people? Can't expect those millionaires to grow their own food and work at service jobs.

@aprildawnsunshine4326 Ай бұрын

Tiny mistake, Miami and Miami Beach are very very different places, even if they're technically the same on a map. Billionaires are moving to Miami Beach while a trip off the highway in Miami feels like visiting a developing nation. It's The Most stark example of wealth disparity I've ever seen.

@mowtivatedmechanic1172 Ай бұрын

Le jeune rd I guess you’re talking about. (The poor part)

@mikestaihr5183 Ай бұрын

A ready supply of peasant servant labor of course.... That makes that a plus in their book

@Redrash12 Ай бұрын

Nah man, as a Miami native people greatly exaggerate the shitty areas of Miami. South Florida has its hoods, but its nowhere like the shit in Baltimore, Chicago, Louisiana etc.

@josephreynolds2401 Ай бұрын

Dubai still takes the lead on that one, redrash makes a good point too.

@aprildawnsunshine4326 Ай бұрын

@@Redrash12 I wasn't saying that it's a bad or inherently dangerous place (grew up near DC when Baltimore was still really bad) just the stark inequality and clear underinvestment in the areas of Miami I did see, comparatively. It's two different worlds and I imagine the divide will not be lessened by this trend.

@kortyEdna825 23 күн бұрын

For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.

@NicholasHarmon-ow3jl 23 күн бұрын

Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

@carssimplified2195 23 күн бұрын

Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.

@foden700 23 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@carssimplified2195 23 күн 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 ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@foden700 23 күн бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@x2dab184 Ай бұрын

Apparently Mar-a-Lago is only worth 18 million.

@JUAN75001 Ай бұрын

Because trump the fraud registered it as a country club and not as a residence, so he pays less taxes.

@cha_eldmo_lester Ай бұрын

Wise man said, do not believe everything you see from internet or hear from a Gorilla-Boar hybrid

@adamchirico7724 Ай бұрын

KING trumps home is worth what king trump want

@JP-vs1ys Ай бұрын

that place is a gaudy dump. are you really surprised?

@HQSCJIPZ Ай бұрын

@@JP-vs1ysput up 5 hunter biden paintings and it’ll be worth double 😜

@fern1009 Ай бұрын

Native Floridian: "Well, there goes the neighborhood."

@DeweeseJason Ай бұрын

Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?

@anthonypan205 Ай бұрын

florida will be as liberal as california in 10 to 15 years. people seem to forget that california was once the Ronald Reagan California. The cycle has so far been identical. Rich people look for cheap places to retire/save on tax/park their money -> they move into the city -> they make the city unaffordable for most -> the city becomes "liberal" and start taxing rich people -> they find another place to flock to

@mowtivatedmechanic1172 Ай бұрын

Wasn’t Reagan democrat liberal? (Looking at no fault divorce)

@philoslother4602 Ай бұрын

Basically Billionaires destroy every place they move to 😅😅..... Hong Kong, Beijing, and Mumbai have suffered even worse from this

@anthonypan205 Ай бұрын

@@mowtivatedmechanic1172 idk if you are being sarcastic or not. If you really think Ronald Reagan was a liberal, then I have truly seen it all

@XC-Z-cv8qw Ай бұрын

@@mowtivatedmechanic1172 Liberal changed over the years in the same way Democrats used to have Republican ideals and vice versa

@jeffc1347 Ай бұрын

@@anthonypan205 Reagan was a Democrat but switched to Republican in his late 40s-early 50s. When he was a Democrat he was even president of the actors union. There are many theories as to why he switched and I won't pretend to know which ones have any validity.

@dirtycommie2877 Ай бұрын

Personally I'm not interested in living in any place that touts itself as a "billionaire's playground." And especially not at a place that's slowly being reclaimed by the ocean.

@Antenox Ай бұрын

Florida is a real-time contemporary case study on how only the ultra-rich can survive an apocalyptic hellscape

@luisfilipe2023 Ай бұрын

In the apocalypse their wealth would be meaningless

@monkeylipspoopflinger3397 Ай бұрын

? Its awesome down here.

@selfrighteous88 Ай бұрын

Florida is a real-time contemporary case study on how to run a state successfully. California, NY, Washington, etc. should take notice, but they won't, cuz they're too busy being woke.

@theepicgamer1196 Ай бұрын

@@luisfilipe2023 The ultra-rich likely have wealth outside of cash and cash-equivalents. They may have one or more homes, cars, bunkers, etc. that they could use in an apocalypse.

@JacobsCapital Ай бұрын

@@luisfilipe2023 Absolute BS, they will be far better off than u.

@EhM-xt7pl Ай бұрын

They are huge fans of the GTA series and want to play GTA 6 in the real life location

@indrickboreale7381 Ай бұрын

Why playing a video game about being a criminal, when they can wear balaclava and organize fake or real crime

@suddenlytitan739 Ай бұрын

Better graphics than any PC and more immersive.

@DeweeseJason Ай бұрын

@mamotalemankoe3775 Ай бұрын

The migration to florida is going to blow up after GTA releases.

@BondTheOGYT Ай бұрын

Basically weather and wealth, no surprise why Miami is expensive compared to other places

@BondTheOGYT Ай бұрын

maybe even more expensive than NYC?

@willbermudez2386 Ай бұрын

NYC still more expensive, i live in Orlando and i go visit family at Queens at least once a year. The thing with Florida its the inmigration. Not only people from north states are moving here and to texas, but inmigrants are also moving and getting their residencies here, making the rent and mortgages worse. Indeed, Florida will become more expensive than NYC due to the weather and wealth expansion, but that wont be soon. Maybe in 15 years, but not right now.

@BondTheOGYT Ай бұрын

@@willbermudez2386 so you reckon it’s worth doing business or having a job in Florida than NYC?

@willbermudez2386 Ай бұрын

@@BondTheOGYT It depends of what you do. Florida doesnt have state taxes, and our federal taxes are 7%, but we have one of the lowest incomes in the country. New York on the other hand has one of the highest incomes salaries as far as i know since i dont live there, but the state taxes definetely hurts. Life quality definetely goes to Florida. I traveled every part of Florida due to my job (real estate photographer) and its beautiful everywhere. NYC on the other hand its also beautiful in my opinion, but its not for everybody. The city its dirty and its everyone its in a hurry, but i like the fast paced living in New York. They are different.

@duancoviero9759 Ай бұрын

It didn't use to be....

@4RILDIGITAL Ай бұрын

It's fascinating to learn about these unique financial strategies that are so far removed from the reality of the average person. It really underscores the divide between the ultra-wealthy and the rest of us. It's quite staggering how tax laws and market dynamics disproportionately favor the rich and enable them to amass generational wealth with relative ease.

@bobcortez9471 Ай бұрын

The top 1% pay 46% of all federal income taxes and gets even worse for the top 5%. I’m not sure the tax code favors the rich at all because if it did, they wouldn’t be forced to flee to specific regions in the country or world to save a bit of money.

@richyhu2042 Ай бұрын

Its even more astounding since its a case of "you dont know what you dont know". All these loopholes and round about ways that people who dont have an in depth knowledge of financial institutions and tools or have a team that does is completely inaccessible to normal people either due to a lack of knowledge or lack of foundational resources. Hell most people barely understand their credit cards, never mind anything else.

@ParagonFury Ай бұрын

@@bobcortez9471 You don't understand how proportionality or a progressive tax system works, do you? Hint: Me taking 10% of $1,000 hurts a lot more than if I take 50% of $1,000,000,000.

@voxxiigen7797 Ай бұрын

@@bobcortez9471they should be paying 86% Because they’re worthless parasites.

@faerydae29 Ай бұрын

Yeah it’s so wrong. We need laws to stop this but sadly our state legislature is completely bought out.

@vipermikem1 Ай бұрын

Rich, old people having been moving to Florida for decades. Nothing really new here.

@DeweeseJason Ай бұрын

@stereo-soulsoundsystem5070 Ай бұрын

nawl but he explaining the reasoning behind why

@nataliajason2193 Ай бұрын

@@stereo-soulsoundsystem5070Hi how are you? Care for a chat?

@yamahayua4802 Ай бұрын

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Renee Marie Harrison focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

@elvisluis-hk8mk Ай бұрын

She is my family's personal broker and also a personal broker in many families In United States, she's a licensed broker and a FINRA AGENT in United states

@sabrinajones1136 Ай бұрын

I'm surprised that you just mentioned Renee Marie here. I met her at a conference in 2018 and we have been working together ever since

@gabriellemetott1887 Ай бұрын

The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

@mccarthylauren6816 Ай бұрын

What impresses me most about Marie is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.

@Eric_311 Ай бұрын

I'm new at this, please how can I reach her?

@SANDVlCH Ай бұрын

What a wonderful trend. I sure do hope none of these assets are destroyed in a tropical storm…

@BoozewithNick Ай бұрын

Jeff Bezos drinking a $20 bottle of scotch was a nice touch. 😂

@DeweeseJason Ай бұрын

@Benjaminarmstrong684 24 күн бұрын

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Walter James Henry's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

@Benjaminarmstrong684 24 күн бұрын

He's mostly on Telegrams, using the user name

@Benjaminarmstrong684 24 күн бұрын

@Gainwithwalter7

@Justinfred11 24 күн бұрын

Productivity is never accidental; it is always the result of careful planning, dedication, and consistency…. God bless Walter James

@WiolciaMrozowska531 24 күн бұрын

I would have dismissed all this as nonsense if I hadn't been a witness. Walter James Henry saved me from debt and I will be forever grateful to him

@JamesMargie11 24 күн бұрын

To be honest I invested as low as $1000 because I was skeptical initially. Receiving my profit gave me more confidence to reinvest

@ImARealHumanPerson Ай бұрын

It's the best state for people who enjoy money. That's why it's a red state and not a blue state.

@HandsomeBlackMusle 26 күн бұрын

Freedom too. They enjoy that

@leighcounry9956 Ай бұрын

The problems with NYC, San Francisco, Seattle, etc is because of the billionaires and the high earner class. When these billionaires move in considerable numbers to Florida, the same exact problems in NYC, San Francisco, Seattle, etc. will follow them. Besides the handful of high income earners, how are the average American employees like local fire department employees, security guards, teachers, nurses, family doctors, Starbuck's barista, Target employees, lawn care employees, hotel/motel employees, grocery store employees, fast food employees, restaurant employees, etc are supposed to afford living and working in Florida. The same exact problems in the big cities that the billionaires are leaving from. NYC, San Francisco, Seattle, etc are better off in the long run when these billionaires, their companies and the top 10% leave the area; and the local residents can stop subsidizing the professional sport stadiums.

@MADNIKstudios Ай бұрын

I live in Massena, New York. There are no billionaires here, and high earners leave this state every day. My taxes still go to subsidizing professional sports stadiums in Buffalo, and my taxes go up every year because there are less rich people to tax with the added benefit of those taxes ensuring nobody wants to open a business where I live so my community members can find gainful employment. You are wrong.

@thatundeadlegacy2985 Ай бұрын

Bruh its not like they're democrats mass moving to ruin another state

@dashmeetsingh9679 Ай бұрын

@@MADNIKstudios Actually the OC is right here. As soon as wealth flows, things become expensive. As soon as wealth flows out, everything possible is done for things, to not to, lose their value. In a truly free and fair economy, things would go down in value. But that will never happen, until the whole system collapses.

@MrNikoback Ай бұрын

nobody competes with billionaires when it comes to housing/restaurants etc. They don't live and eat where you do.

@jdodd931 Ай бұрын

You're assuming that building doesn't have it's own market with supply and demand forces. The problem in NYC and San Francisco is market intervention in the property market. In California especially the rules for new builds are arbitrary and onerress which keep new and different types of residents being built. The laws in this case protect homeowners over home buyers. Because a new house will in California lower the price of houses in the neighborhood via competition. And in New York rent control has been a disaster. No one wants to build non-luxury residents in NYC because of how long it takes to reach profitablity, so now everything in the city is old and falling apart or a luxury apartment. Long story short government intervention's unintended consequences are the problem

@sfkeepay Ай бұрын

This is why higher taxes on capital gains need to be enforced based the sale, not the location or home of the seller.

@sprinkle61 Ай бұрын

Its state tax, how would state A apply its tax to a resident of state B ?

@davidinwashington Ай бұрын

That would be the federal capital gains tax, which already exists.

@sfkeepay Ай бұрын

@@davidinwashington And which is absurdly low and has several exploitable loopholes. Which is why I said “higher” taxes. But point taken.

@oquendo0021 Ай бұрын

Florida just got rid of alimony also

@epbrown01 Ай бұрын

See, that should have been the lead; lot of appeal to billionaires right there.

@oquendo0021 Ай бұрын

@@epbrown01 i figured he would say that because that will bring a lot of them here for sure. I don’t live in Miami but an hour north of in ft pierce

@davianoinglesias5030 Ай бұрын

Ah, now that's something that explains the whole migration craze

@datingwithkaty Ай бұрын

Any billionaire is already got his funds hedged away from any woman. Please.

@stereo-soulsoundsystem5070 Ай бұрын

Jeff Bezos lost quite a pretty penny through his divorce. Many disgustingly wealthy divorcess amigo

@robviviano8067 Ай бұрын

I'm sure someone else pointed it out, but Jeff bezos actually is a native Florida man. He's from Miami. I think he was born in a different state, but spent his entire childhood in Kendall until he left for college.

@leonhenry4861 Ай бұрын

Hence why the news article said Amazon founder heading BACK to Miami. Usually means he’s been there before 😂

@robviviano8067 Ай бұрын

@@leonhenry4861I don't believe they said back to Florida. I just listened to the whole thing again and didn't hear them say that. What I did hear them say is that (immediately after talking about bezos) that none of the billionaires are native Florida men. Which is incorrect, bezos is a native Florida man.

@ricardovelez3796 Ай бұрын

I just did some research and Jorge Mas is a Florida made billionaire*

@Lechonsitoasado334 13 күн бұрын

Jeff bezos from pinecrest and the valedictorian of palmetto high school.

@andyt1313 Ай бұрын

West Palm Beach (3rd on that billionaire vacation list) was a working class city but large parts of it beautiful tree lined streets are now uber expensive and trendy for the so called nouveau riche. My humble bungalow there has skyrocketed in value.

@Aaa-dv3oi Ай бұрын

Ayeee niceee

@Dohair879 Ай бұрын

Meanwhile the west side is the country.

@marksparrow4038 Ай бұрын

"Guys the Florida coast will be under water in like 5 years!!!!!!" ALSO "Hey guys I just bought 5 mansions on the Florida coast"

@AK-ne4og Ай бұрын

Now you know they talk BS. It is all for money and control

@KingxDavid2024 Ай бұрын

lol exactly people are still getting their 30 year fixed mortgages on beachfront properties at record rates

@FelipeKana1 Ай бұрын

This means those people are dumb and denialist. Or they don't care in leaving property to their kids. South Florida will be a swamp by 2060

@burn_out Ай бұрын

@@KingxDavid2024not just people, but billionaires, as in actually the most informed people on Earth.

@travisgatlin536 Ай бұрын

as if they couldn't just move on a whim

@proftobes Ай бұрын

FYI, Ken Griffin is, in fact, a native Floridian.

@DeweeseJason Ай бұрын

@KAlovesherkitties Ай бұрын

Does this mean they’ll start referring to those in FL as “coastal elites” now?

@DeweeseJason Ай бұрын

@cullenpeterson Ай бұрын

FYI - Ken Griffin is a native Floridian. He’s from Daytona Beach IIRC. He just built his career in Chicago.

@DeweeseJason Ай бұрын

@douglaswynn9668 19 күн бұрын

Bezos is too. He went to Palmetto H.S. in Miami. Too many KZfaqrs don’t do their homework.

@oktaymammadov4576 Ай бұрын

Love your videos brother, keep up staying true

@HowMoneyWorks Ай бұрын

I appreciate that

@oktaymammadov4576 Ай бұрын

Your videos are a break after all the financial bullshit the media passes around.

@AwesomeHairo Ай бұрын

You misused a comma.

@oktaymammadov4576 Ай бұрын

@@AwesomeHairo Thanks for pointing it out.

@BrokeBoyBeck Ай бұрын

It’s not just Miami, central Florida is also exploding in wealth. Windermere, Lake Nona, Winter Park, Baldwin Park, by the University of Central Florida are increasingly becoming incredibly wealthy. It’s so much fun to show visiting family and friends tours of these neighborhoods in Orlando. The look on their faces when they see the vast properties and houses are great 😂. Sometimes I forget how much of a bubble we live in, in and around campus.

@Demmrir Ай бұрын

I'm glad that I violate the hell out of the crossing financial lines study. All of my friends are in different income brackets, from "none" to "social security disability" through warehouse workers, tech support, up to FAANG developers who still don't make as much money as me. Makes me feel more well-rounded to not just hang out with boring rich people who don't understand "the poors".

@DeweeseJason Ай бұрын

@stereo-soulsoundsystem5070 Ай бұрын

we're too poor to know wtf you are even referring to...

@GarryBenson1 Ай бұрын

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

@Alexibawendi Ай бұрын

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

@Alexibawendi Ай бұрын

Thanks to Mrs Maria Davis.

@Alexibawendi Ай бұрын

She's a licensed broker here in the states

@GarryBenson1 Ай бұрын

YES!!! That's exactly her name (Maria Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

@Louisbrus498 Ай бұрын

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

@alesecq2172 Ай бұрын

Centimilionaire was a new word for me, but from mathematics I was confused since centimillionaire would mean net worth in tens of thousands of dollars :D proper term would have been hectomillionaire

@FiftyFabs Ай бұрын

Centi is latin for 100. So a centi-millionaire is someone whos net worth ranges from 100$mil - 999$mil.

@hansklok3564 Ай бұрын

@@FiftyFabsactually centi is derived from the latin word centum. That means 100.

@davidebic Ай бұрын

@@hansklok3564centi is just a declination of centum. Same word.

@debesys6306 Ай бұрын

@@FiftyFabs yeah but a centimeter isn't 100 meters

@FiftyFabs Ай бұрын

@@debesys6306Sure, but the definition of a word changes by context.

@Bwilli1990 Ай бұрын

I live in Fort Myers Florida and most jobs don’t pay that well. I have two college degrees an associate in arts and a Bachelor of Arts in Interdisciplinary Entrepreneurship Studies from Florida Gulf Coast University from the Daveler and Kananui School of Entrepreneurship. I was told by my West African immigrant mother who immigrated to America from Liberia after my dad who also immigrated when I wanted to go for my masters of science in entrepreneurship she said the job you are looking for you are not going to get you are black.😢 I want to become an entrepreneur because I can see there are no longer going to be that much jobs. I own a Shopify high ticket e-commerce dropshipping store high ticket means I sell products over $200.00 dollars. I live in Florida and the difference between the rich and poor is night and day a lot of times you will see Ferraris Porsches and Lamborghinis . I feel that I might need to get my second citizenship in Liberia because I am of Liberian descent start businesses in Liberia get rich and then come back victorious to Florida😂😂😂😂

@mowtivatedmechanic1172 Ай бұрын

Exactly. Do that bro. Go back home, stack cash and come back in 20 years.

@name_unpickable Ай бұрын

Yeah, Florida is simultaneously much more expensive than the midwest, but does not pay enough to compensate for the cost of living. Pretty disparate when you look around.

@stereo-soulsoundsystem5070 Ай бұрын

*whispers* "Ooh I like ya accent! Where ya from?"

@stereo-soulsoundsystem5070 Ай бұрын

I'm sure the intense disparity will be handled intelligently and carefully and many hard working people won't be forgotten and left to struggle /s

@00_UU 23 күн бұрын

You make great money in Florida in skilled labor - plumbing, construction, HVAC, painting etc. Average bathroom remodel is around 12k - it is a week of work for 2 people, so 6k in 1 week.

@localneo-graphic4647 Ай бұрын

A billion dollar super mansion? That's absolutely nuts. Also only 25k centimillionaires? I mean that's still an obscene amount of money, but I still thought it'd be higher for the entire world.

@HowMoneyWorks Ай бұрын

There likely are a lot more, but because these people value their privacy their wealth can be impossible to verify unless it comes from a public company with reporting requirements.

@francescopisano4877 Ай бұрын

actually, they’re way less. most of these people have paper wealth. if they wanted to cash out €100mm next week or next month or even next year they can’t. it’s tied up in private companies and real estate and estimated with the highest possible sale. If we talk about people who have €100mm in the S&P500 that they can sell right now, it’s probably only a few thousand.

@francescopisano4877 Ай бұрын

to see how many truly have €100mm, a fair assessment in my opinion would be a number similar to the amount of people who own a €5mm+ private jet. not that many do. flying on one=/owning one

@youtubasoarus Ай бұрын

*property. The buildings are never worth as much as the property itself.

@giladpellaeon1691 Ай бұрын

Probably explains why Miami is the most miserable major city in the U.S.

@travissobeck4939 Ай бұрын

when the table scraps are that good .... lol

@DeweeseJason Ай бұрын

@BaSSickbro Ай бұрын

I think it’s hilarious they’re all flocking to Florida as they destroy the climate. Which is going make Florida hard to live in lol 😂.

@selfrighteous88 Ай бұрын

What does 'destroying the climate' mean? How exactly are finance and tech billionaires doing that?

@JUAN75001 Ай бұрын

How TF are they destroying the climate?

@unoriginalname4321 Ай бұрын

And, once all the billionaires are in Florida, we call Bugs Bunny

@Maelstromme Ай бұрын

@@selfrighteous88By individually releasing a million times more emissions on average than the average person in the bottom 90%. Also by generally backing and donating to cynical candidates and a certain political party that has apocalyptic fantasies and wants to barrel straight towards Armageddon.

@Code7Unltd Ай бұрын

@@unoriginalname4321 "I knew I should've taken that left at Albuquerque!"

@Michadoo Ай бұрын

I live in Georgia and a lot of Floridians are moving here. I see why. Imagine a state changing all of it's laws not to help the majority but a handful of hoarders. The billionaires all seem to be going crazy.

@garywidom Ай бұрын

Jeff Bezos attended Miami Palmetto Senior High School and, at one point, worked as a cook at a Miami-area McDonald's. He graduated as valedictorian of his high school class in 1982.

@danielromerosol4158 Ай бұрын

Can you remind me where did his parents lived?

@QbnAmCan Ай бұрын

So his parents gave him a work ethic. Big deal

@Alex-ts2in Ай бұрын

My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice 🙏

@Noelshaw-ih4de Ай бұрын

Keeping up with news sources like CNBC could help out Just buy when prices are low and sell when prices rise

@CalebRowe-tc4wj Ай бұрын

No lock on my side yet, just a sideways trend and a bear market crushing my portfolio. Need a bull run ASAP!

@JeffG-pd Ай бұрын

Buy more and hold onto it for the long term. Solana and Raydium seem good, and Dogecoin is worth considering too.

@IvorThomson Ай бұрын

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

@Scottbos-ix9gb Ай бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today

@gtbkts Ай бұрын

Thanks for the awesome videos and all the amazing content!!

@DeweeseJason Ай бұрын

@pedrozajnr7475 Ай бұрын

It's because of GTA VI

@kingarth0r Ай бұрын

bro how on earth do these people need so much money? Just goes to show how greedy humans can be.

@mowtivatedmechanic1172 Ай бұрын

Jobs for millions. Took 82k from multi million pot. Hardly greedy bro. Capitalist? Yes absolutely.

@panama-canada Ай бұрын

Same reason why originally the drug money floated to Miami.

@DeweeseJason Ай бұрын

@Vietkieufamily Ай бұрын

Solid channel! Love the content. ❤🎉🎉

@KenYamaguchi-sg5zr Ай бұрын

Thank you for an entertaining and informative post.

@subanark Ай бұрын

I really do want to talk to and relate to all kinds of people, but I find one of the hardest thing to do is relate to people who live paycheck to paycheck. I used to pity those who could not afford it due to their job/disability. I used to be disappointed at those who choose to live above their means. I used to be upset at the education system for not preparing the next generation for proper finical responsibility. I am upset that the tactics used to tax the poor are common place. Most of all, I am upset that the basics needs, food, shelter, clothing, are not provided as a basic human right that we as a society can afford.

@BTrain-is8ch Ай бұрын

Can you afford it? Don't worry about what "we" can afford. Too many people make these proclamations about what "we" can afford when they really mean "those people". Were it legitimately we maybe some of these things would have already happened.

@subanark Ай бұрын

@@BTrain-is8ch I really am trying to understand what you are saying. My stance is that money problems are a sociatal issue much more than a personal one. I would like to understand more, but I never had the experience so many have/had when it comes to worrying about where next rent money will come from. I want to advocate for social equality, but it is difficult if i don't really understand it from personal experiences.

@BTrain-is8ch Ай бұрын

@@subanark A large percentage of Americans believe they should be able to get something for nothing. Let's take post-secondary education as an example. Lots of people on the internet that think it should be "free" but what they really mean is that most of them think their education should be funded at someone else's expense. They say "we" can or "society" can afford it but have no intention of offering up their own money for the cause. If they were willing to put their own money on the table and are as numerous as they claim the problem would be solved and post-secondary education would be free but that's not their actual problem with the status quo. They're implicitly signaling that these services that apparently "society" should provide are not worth their own money. However, if they don't think that education is worth their own money then how can it logically be worth it for anyone else? It can't and don't see the logical pitfall. If you're not willing to allocate your dollars to a thing to which you are essentially the sole beneficiary why would anyone else?

@tristanlong7 Ай бұрын

@@subanarkwell I do live paycheck to paycheck. The problem is that I didn't live this life a few years ago(pre pandemic fallout tbh). The cost of living has jumped drastically and even though I make more money now and cut back on all "fun" expenses. I still can hardly afford to get by. I watched the grocery bill more then double. My phone and insurance has stayed relatively the same. However this means using the same vehicle and phone since 2019. I own them as well. Rental prices have doubled if not tripled in the last few years. Well it's pretty much the same story across the board on this topic. The issue is inflation and the greed taking advantage of it. Currently the middle class has shrunk and the top percent have been making record profit off the last few years. The government dosen't really care to fix it unless they get something out of it. I mean look at all the funding for foreign wars and then look at what we get. Now they want even more taxes. All while the top percent can hire people to walk around paying what they're supposed to for taxes. We can do what they do, but most don't know how to do that and are too busy to take the time to learn it. It's a mess. Kinda just holding out to see where it goes in the future. If my current situation fails, then I'm going to start over doing something else. That means going homeless and all that. However I will rebuild. I get asked "where do you see yourself in the future or what is your goals in the future". Well I don't have a answer to that. Struggling to get by as is and it dosen't really change how hard I try or cut back. So maybe the next election will fix it, but my hopes ain't high on that. Maybe it will go to a full collapse and everyone will just stop caring. The US has turned into a strange state of affairs. Apparently are economy is strong, but everyone in the lower class is struggling more then ever. Yeah I don't really understand it anymore.

@lynnstacks Ай бұрын

@@BTrain-is8chwe do benefit from having an educated populace. that's why the government subsidizes primary and secondary education. somebody convinced you that we don't benefit from having more people with post-secondary education because then we start asking too many questions. the abject lack of a social safety net makes this country worse, not better.

@youngatnaruto5842 Ай бұрын

2:15 this is actually a good thing Florida has done

@reprovedcandy Ай бұрын

Yeah idk cause that will incentive wealthy people to buy tons of real estate in FL, driving up the prices for regular people.

@howtoappearincompletely9739 Ай бұрын

I like the principle, but it seems to have had some negative (unforeseen?) consequences.

@astro.avesta Ай бұрын

if it was made for regular floridians, they should have set a cap on the property value

@mowtivatedmechanic1172 Ай бұрын

I’m glad I’m closing on my property next month. Hopefully Florida drops Property taxes and just uses sales tax.

@predarattonsamrong364 Ай бұрын

Well we can trick the system 😂 buy an expensive house in good location become bankruptcy and got the house sell it later for profit 😂

@anthony1907 Ай бұрын

Ken Griffin is a native Floridian. Was born in Daytona Beach and went to high school in Boca.

@eng.miroslavmanahilov1730 Ай бұрын

Binge watched every video and now I am a subscriber!

@DeweeseJason Ай бұрын

@ambition4195 Ай бұрын

Even GTA will be in Florida I mean Leonida.

@DeweeseJason Ай бұрын

@deoarlo Ай бұрын

4:30 This man must've used manscape 🤣🤣

@DeweeseJason Ай бұрын

@CharlesVaughn-bm9gq Ай бұрын

How do Florida, texas and Tennessee manage to be low tax states but high tax states like keep raising taxes and their major cities are horribly dysfunctional.

@brassmonkey7566 Ай бұрын

They better get them robots cranking because real working people are being priced out of the state. I am 6 generations deep here and thinking about moving northish . It really sucks watching my state go to hell.

@mowtivatedmechanic1172 Ай бұрын

I’m two gen deep and I’m staying. I hear ya though.

@stereo-soulsoundsystem5070 Ай бұрын

Aye I heard that Florida could have a small real estate correction, wherein greedy developers overbuilt and overpaid for undesired apartments and there may* be a sharp decline in prices in certain areas of your state, good luck!

@PaulinaEviar Ай бұрын

Well explained.Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject .....Thanks to Ms Laura Ferguson, the lady you recommended.....

@SarahWeeth Ай бұрын

Indeed investment has liberated a lot of families out of poverty, I recommend it to every bread winner out there.

@VictoriaBenson-vg3lo Ай бұрын

*you're right, I was financially favored last week, thanks Laura. Weekly profit of $25,500 from the small amount of $2,000 I invested. This really helped me a lot to pay our bills.*

@Alice10155 Ай бұрын

I'm surprised you also trade with Laura Ferguson, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.

@SmithNorman Ай бұрын

*Wow!!! I know Laura Ferguson and I have work with her over a year now. Her experience restored me from difficulties and liberated me financially. I'm so happy to see these comments about her again*

@MichaelWill-tc6oz Ай бұрын

*Please I'm new to this, how can I get her assistance?*

@mattanderson6672 Ай бұрын

Thanks

@Demmrir Ай бұрын

This is why it would be so important to update FEDERAL capital gains tax law. Because billionaires are happy to live in different states and drag their companies with them but they simply don't have the same qualified workers or the same safety and lifestyle guarantees in other countries.

@gabriellat.6735 Ай бұрын

“Anyone can be rich, just do this”....

@gabriellat.6735 Ай бұрын

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.....

@gabriellat.6735 Ай бұрын

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns...

@gabriellat.6735 Ай бұрын

researvh this in full, if you care Financial-Advisor REBECCA MARTIN WATSON

@DeweeseJason Ай бұрын

@AntonAtan Ай бұрын

What happened to sea level rising? 😅

@vanyac6448 Ай бұрын

Well, they outsource that responsibility to insurance providers, and hope that the Floridian government puts up enough seawalls. If and when insurance gets too high, they'll sell.

@jakemaxwell3810 Ай бұрын

It's not rocketing upward, it's like a foot every couple decades. If you only care about one property or city, you can just build sea walls.

@AntonAtan Ай бұрын

Is a beach front property considered to be on the beach if it is surrround by a sea wall? There will be no beach :D

@AntonAtan Ай бұрын

@vanyac6448 insurance companies deny coverage left and right, but they insure $100m mansions right next to a rising ocean. It's so strange.

@Pistolita221 Ай бұрын

@@AntonAtan Do you think rich people buy ferrari's because they're practical? No. They buy it because they already have their incognito normie car, their luxury statement royce or bently, and at least 1 other car, probably more though, and they get the ferrari to use for 1 week a year, maybe for a fun time. Why do you think a billionaire buys their 5th house? Similar reasons, not for practicality.

@jerseys89finest Ай бұрын

We need to get rid of income tax. I would be ok with taxes on purchases and businesses. Not personal income tax.

@howtoappearincompletely9739 Ай бұрын

1:42 People with over $100M each are better called hectomillionaires.

@DJRenee Ай бұрын

That's why OJ Simpson moved there

@chronokoks Ай бұрын

Florida is also comparatively quite safer than other places (cough cough California).

@ericmckinney4607 11 күн бұрын

Not true, but keep believing the lies that DeSantis spews.

@xellent Ай бұрын

I think the main difference between Southern Florida 10:13 and San Francisco is that Flordia is building more houses, which means more people can move there.

@DeweeseJason Ай бұрын

@tommydaplvgvevo8700 Ай бұрын

I love the grounded reality of this channel!!! *Retirement took a toll on my finances, but with my involvement in the digital market, $15,000 weekly returns has been life changing. AWESOME GOD* ❤️.

@sman8yogyakarta909 Ай бұрын

I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.

@Beautiful11907 Ай бұрын

I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do ? Thank you

@Brook_589 Ай бұрын

Well I engage in nice side hustles like inves'ting, and the good thing is I do it with one one of the best(Michael Wayne), he's really good!

@eed-oz6co Ай бұрын

Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is

@Lincoln1177 Ай бұрын

It's great to see you guys talking about Michael Wayne, This man changed the game for me. Good Man ❤

@johnderek2896 Ай бұрын

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance but if you want to make your money work for you...prevent inflation

@CielleNewton-bf3vs Ай бұрын

What are you talking about and how could this be explained?can someone please explain

@johnderek2896 Ай бұрын

Jane Roy

@johnderek2896 Ай бұрын

My financial advisor , she’s a professional and has helped many become millionaires fr

@minidinusmark1794 Ай бұрын

I must say crypto is the future and the way investment is the only concept that separate the rich from the poor

@user-ub5mk1cw1p Ай бұрын

LMAO 😂 I tried investing on trading crypto on my own, never got lucky on this shit

@shannondavis5728 Ай бұрын

the more people come to florida..the more customers we have to serve!!!!!

@JesseTrammell Ай бұрын

What city is that at 8:26? I thought Phoenix at first, but the mountains/skyline look wrong.

@MrApw2011 Ай бұрын

While there are reasons to question our philosophy about individualism and who is deserving of what, starting a company, no matter how successful it becomes, isn't all luck and luxury. Yes, you need some luck to make billions. However, whether you make billions or you fall flat, starting and growing a company isn't easy.

@DeweeseJason Ай бұрын

@kencook8819 Ай бұрын

1:05 "Cracking down on wealth". Where you proceed to show that corporations are paying 1% in taxes. What a joke.

@chimagamer4157 Ай бұрын

bro that is net wealth tax

@reprovedcandy Ай бұрын

being taxed anything for simply existing seems harsh. I'd prefer taxing people properly while they're earning it..

@AwesomeHairo Ай бұрын

@@reprovedcandy Income tax is theft.

@mowtivatedmechanic1172 Ай бұрын

All income and property tax should be abolished. Should just be country wide sales tax. The more you spend the more you pay. The more you make the more you can spend.

@AwesomeHairo Ай бұрын

@@reprovedcandy Income tax is theft.

@armorbearer9702 Ай бұрын

It sounds like Florida is an excellent place to make connections.

@MrOharaj Ай бұрын

The home thing is really sensible. If your business goes wrong you shouldn’t spend eternity in purgatory

@JeffJason-vn9nu Ай бұрын

*Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended*

@FeliciaJagger Ай бұрын

That is true my dear! Investment is the best idea presently and without it, human struggles are worthless.

@NapoleonOwen Ай бұрын

I had no luck in digital assets, I actually invest myself but profits aren't as expected,,,

@AruseiRawat Ай бұрын

No doubt!! I never knew Mylah Evander had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.

@JeffJason-vn9nu Ай бұрын

Mylah totally changed my life for good. I have come across individuals but none is as honest as she is. So surprised you know her too.

@JesseLynne-xs7jn Ай бұрын

Is there anywhere I can get across this woman for a startup???

@Calebakeenhughes Ай бұрын

In the longterm this is good for Seattle. 8:31

@user-it9vs3vq2z Ай бұрын

That's crazy when you cut taxes to zero and inheritance taxes to zero you get a real estate conflict. It could drive up the cost of living to the point where say millionaires can't afford it. That's a level of analysis that is upper level that tax collector accountants can't comprehend. They don't understand the functionality or secondary economic effects of tax policies. If you're a millionaire you can't afford your healthcare if you get stuck in a hospital. the healthcare can be super expensive in florida but they may give an estate tax break but your going to go broke in healthcare before you need it. but if you're billionaire, you have plenty for health relative to taxes. I can't stand lawyers and accountants and idiots in finance because they're dumb. The only know what's on the paper.

@skeletonboxers7336 Ай бұрын

ad ends at 4:32

@DeweeseJason Ай бұрын

@victorbaird8220 Ай бұрын

You are so beautiful 😍 😊

@ArmandFranta Ай бұрын

@@victorbaird8220where are you from?

@mariadrukker2557 10 күн бұрын

But I'm wondering how this trend will impact real estate and local economies.

@roseylumber 10 күн бұрын

With the influx of wealthy individuals, Florida's real estate market could see significant appreciation. However, it's crucial to note that global economic shifts, like rising interest rates and inflation, might temper this growth. Diversifying your investments could be wise.

@Larry1-pl2wq 10 күн бұрын

Agreed, while the demand in Florida real estate is high, economic factors like the Fed's policies and international trade tensions can create volatility. It's better to gradually invest rather than go all in, monitoring market conditions closely.

@har0ld551-hn6fm 10 күн бұрын

I've been reading about this trend, and while Florida's tax benefits and lifestyle appeal are clear, I'm concerned about the sustainability of property values. How can one ensure a balanced portfolio in such a scenario?

@Tylerredn 10 күн бұрын

It's essential to maintain a diversified portfolio to mitigate risks. Real estate in Florida might be lucrative now, but balancing it with bonds, stocks, and other assets can provide stability against potential market corrections.

@Jonesmatsunaga 10 күн бұрын

Many have seen substantial gains with strategic investments. My advisor has helped me allocate assets wisely, balancing high-risk and low-risk investments to protect against global economic fluctuations.

@JayBigDadyCy Ай бұрын

A someone who lives down here - they can have it. I used to love living in SoFlo. I hate it now. Absolutely hate it. The traffic rivals the largest cities in America. People are rude. The culture is all over the place. Oh!!! And the worst part - there is trash literally everywhere. All over the sides of the roads, parking lots, beaches, there is trash/litter everywhere. It's maddening. Nowhere else in the US is it this dirty. I promise you. It's just kind of crappy. It doesn't smell like piss like NYC does, but it's dirtier somehow.

@kensekilei3713 Ай бұрын

Ken Griffin is actually a Florida native 🤦

@DeweeseJason Ай бұрын

@themarveluniverseonline Ай бұрын

So what you're saying is that we need a federal capital gains tax. Maybe even an international one

@SebiScoot Ай бұрын

very interesting

@scrillalow103 29 күн бұрын

Ken Giffin is a Native Floridian. He was born in Daytona Beach!

@myamia3677 Ай бұрын

It’s awful, they dont even hide the fact that ppl not in their tax bracket are money bags to be drained. No regulations on rent is killing families.

@DeweeseJason Ай бұрын

@michealwestfall8544 Ай бұрын

Ah yes, the problems with states. They can compete for the wealthiest individuals and companies. Making everything worse for everyone else. Sure, no income tax, but inflation from money supply increase does the same thing as taxes: decrease spending power.

@DeweeseJason Ай бұрын

@EmeralBookwise Ай бұрын

Sounds like a damn fine argument to federalize all taxes, that are then be redistributed to each state according to how much was collected from them. Then again, that would still leave the same loophole just with ultra rich fleeing to the least regulated nations instead. The problem is that we live in an increasingly globalized world where people can more easily than ever in history do business in one place while living someplace else entirely.

@user-illregularwritetype666 Ай бұрын

Told ya

@Wmuthoni Ай бұрын

Many retirees are leaving Florida and heading to the Appalachians especially West Virginia because they can’t afford rents and cost living has sky rocketed. Consequently, West Virginia residents aren’t too happy coz housing prices are going up. I live in SF Bay Area what’s happened here has been shipped to Florida and 3 yrs ago a work colleague relocated to Florida coz she stated that it was cheaper now she’s worried that the same issues she was trying to get away from have followed her to Florida.

@DeweeseJason Ай бұрын

@faerydae29 Ай бұрын

Hopefully that means she’ll leave Florida . I like californias but hate how their salaries have driven up the market here.

@Bearoholic Ай бұрын

I live in south Florida and I can’t wait to leave

@mowtivatedmechanic1172 Ай бұрын

Bet! Wanna sell me your place?

@SIGNATURESOUNDZ Ай бұрын

Good riddance

@DeweeseJason Ай бұрын

@TalesOfTrillions Ай бұрын

Florida: Where even billionaires need a vacation home for their vacation homes. 😂

@DeweeseJason Ай бұрын

@williamhewitt7791 Ай бұрын

Billionaires having super mansions are not why housing costs are going up. Zoning laws and working from home/mass immigration are the primary causes. These both corelate to limited supply and higher competition. Billionaires don't live near you, and there arent enough of them to really make a dent in overall housing costs. The exception is a real estate based multi millionaire who buys out houses.to rent though third party companies.

@shkyline5198 Ай бұрын

as a south florida native its sad to see what this place is turning into

@ngf5077 Ай бұрын

Congratulations Washington! You got greedy and now he left so you get nothing 😂

@DeweeseJason Ай бұрын

@Pistolita221 Ай бұрын

My city of 150k has at least 8 billionaire families based here, and another 3 to 5 who have it as a secondary hub/are only 30 minutes out of town. We do a lot of research, be it medical, financial, engineering, physics, data sciences, programming, etc. I think billionaires are MUCH more common than people assume, there are trillionaires out there. Half of the billionaires in my midwestern US town are dynastic european wealth, with titles and everything, so their money isn't disclosed. And another owns the bank (private local bank), and has an enormous trust fund (managed by their bank which they chair and are CEO and CFO of), so the family bank alone is worth over a billion, and they have other ventures. But we're not even the only spot like this, there are at least 3 other cities in my state that are similar. Billionaires are everywhere, and most of them prefer to live out of sight, so they don't disclose their wealth.

@DrGandW Ай бұрын

By billionaire families do you mean a family with several multimillionaires? Or where someone is a billionaire

@Pistolita221 Ай бұрын

@@DrGandW Both, but generally the family has a billionaire as an individual, and a trust fund of a similar size for the rest of the descendants. One of the Lehman Brothers moved out here in 2014, 30 minutes outside of town.

@jimk8520 Ай бұрын

There are 2,781 billionaires worldwide out of a little more than 8 billion people. There are only 813 in the USA out of a little over 400 million people. You might need to reevaluate your understanding of the word common.

@Michael-pi8ps Ай бұрын

@@jimk8520and billionaires tend to be near other billionaires. So it’s not rare so much as you live in a place where most of them congregate. I live in DC, I could say I live in a city with a lot of rich politicians and high ranking military officials. However that doesn’t mean that rich politicians or high ranking military officers are common on a national scale.

@jimk8520 Ай бұрын

@@Michael-pi8ps Ok, there are 449,000 people living in Miami metro and yet there are only 73 billionaires there. That distinctly makes it uncommon even in that city.

@Diecastinator Ай бұрын

I thought the homestead bankruptcy exemption was really valuable. I appreciate you mentioning that not that many people bring that up. That was a big deal for OJ Simpson one of the reasons he moved to Florida over California where he was living. Iowa where I'm out of also has the same type of homestead bankruptcy exemption. It's based on acreage and that dollar dominated asset. I see it as a hedge against inflation/ depression in the realm that you can liquidate your assets and lose your business and all these other things. But you know you'll have a roof over your head. I live in a low cost of living area and an owner occupied duplex. The rent from my other unit covers my housing expenses. So for all intents and purposes I live for free which is pretty awesome. And then I know if I go bankrupt or someone tries to cancel me etc. I can keep a roof over my head for the rest of my life but I bought my property for about 100 Grand in my twenties and it's my forever home. You make some awesome videos and this was another one 🙂

@LiveTilliDie Ай бұрын

Taylor Swift's new song about this is spot on LMAO

@mikairu2944 Ай бұрын

Funny how learning about how billionaries game the system is as entertaining as it is apalling for the regular citizen

@DeweeseJason Ай бұрын

@nbonasoro Ай бұрын

The biggest mistake we made in capitalism is giving shareholders votes. Workers should be able to veto any return of capital to shareholders if, the workers didnt get a raise, if they had their hours cut, if there were layoffs, if the health insurance provided is not good, if they are forced to have an on call schedule, and if their departments are understaffed as well as other things I missed. Communities should be able to veto capital distributions to shareholders if the company pollutes, doesn't pay enough in taxes, pays so little that employees have to be on welfare, etc... The government should be able to veto capital distributions to shareholders if the company has any debt, if the company hasnt paid a specific percentage of its profit in taxes, if the company dorsnt do sufficient R&D, if the company doesn't expand operations, if shareholders havent paid for an independent government run quality inspection of the company's operations, and if executives make more than 20X the median wage. Suppliers should be able to veto capital distributions if the company has absurdly abusive contract clauses and doesnt pay the suppliers enough. Shareholders have become parasites directing companies towards short term profits at the expense of employees, communites and the country as a whole. They need checks on their power by empowering other stakeholders to veto the 1 thing they care the most about, share buybacks and dividends.

@howtoappearincompletely9739 Ай бұрын

What you propose has got to be better than the current situation.

@jghifiversveiws8729 Ай бұрын

*"I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corprations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the republic is destroyed."* - U.S. President Abraham Lincoln, Nov 21st, 1864 in his letter to Col. William F. Elkins Ref: p. 40 of _The Lincoln Encyclopedia: The Spoken and Written Words of A. Lincoln Arranged for Ready Reference,_ Archer H. Shaw (NY, NY: Macmillan, 1950). That traces the quote's lineage to p. 954 of _Abraham Lincoln: A New Portrait,_ (Vol. 2) by Emmanuel Hertz (New York: Horace Liveright Inc, 1931).

@fanimaxyt Ай бұрын

Ok Communist

@BloodEyePact Ай бұрын

What you describe in the first paragraph is called a co-op, and there are several successful companies that work like that. If you like this idea, work for a company like this, or start your own. The second is called municipal government, and most people don't bother to vote in their elections or attend meetings, assuming someone else will do the work for them. You are free to petition your local council/board/etc to raise your local minimum wage, but you don't. The third is non-nonsensical because selling debt is a major form of investment, and not paying taxes that they owe is a crime (note: paying taxes you personally think they should owe and what the law says are two distinct concepts). You are a child playing toys thinking you have the slightest idea of how the real world works, demanding other people give you things for free.

@mowtivatedmechanic1172 Ай бұрын

Ok got it. No shareholders. 90% of your workforce just vanished. Why? Well their pay was coming from shareholder seed money. Shareholders invest money in a company to make a return. No problem. No shareholders no large companies. The mom n pop store around the corner is hiring. No vacations no benefits nada. Just work and get paid (minimum wage)