The Dark Secret Behind Those Omaze Giveaways - How Money Works

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If you have watched YouTube… at all… in the last year or so you have no doubt know what Omaze is…

For the few of you who don’t, they are an organisation that promotes lotteries for all manner of different items and experiences, ranging anywhere from a chance to win a Lamborghini all the way to an exclusive Star Wars set tour before it hit theatres.

This all sounds very cool especially when it is revealed that all of the proceeds from these lotteries go on to support charities. To date the company has raised over 130 MILLION DOLLARS for charities that do everything from providing scholarships to orphaned children, to installing solar power in remote African communities.

Surely it would be pretty hard to hate on an organisation like this right?

Well…

You see despite this chirpy exterior of flashy cars and warm fuzzies, Omaze is hiding a pretty dark secret. So it’s time to learn how your money works in these raffled because also reveals a lot about how an alarming amount of charitable organizations conduct themselves in the modern day.

So before we go any further the first thing you need to know about is that it is a For Profit Institution, which means that its primary goal is not to feed the homeless or save the spotted owl, it’s to make money…

It makes this money by representing organizations that are themselves non profits, but they are not one themselves.

Now there is nothing fundamentally wrong with this, if feeding America held a charity gala in a Hilton Hotel nobody would have any issues with Hilton hotels later going on to turn a profit that’s fine.

Where Omaze starts to push it’s luck though is that it really doesn’t make any effort to stress this relationship.

Just think, when your favorite YouTuber was talking about a car giveaway, they probably spoke a lot about Omaze, and the great work it was doing, but just think, do you remember any of the charities that these charities were actually meant to fund?

If you do, you certainly have a better memory than me.

This is no accident.

The company spends millions of dollars on marketing every year and trust me if they wanted you to hear about the actual non-profits, you would have heard about the actual non-profits.


The company would instead like for you to conflate with saving the children, more so than running lotteries to make fat stacks, and trust me they do make fat stacks.




#Omaze #NonProfit #HowMoneyWorks


Omaze lottery fund raising raffle giveaway some lamborghinis and ferraris to winners of this entry free prize money and then money towards good causes and local charities.

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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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AI Is Laying Off... Senior Executives

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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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The Anti-Work Movement - How Money Works

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There is a movement that is gaining popularity online amongst disenfranchised workers who are struggling with jobs where they are not paid enough, not given enough flexibility and simply not treaded with the level of respect that should be afforded to every human being. So It’s time to learn How Money Works to find out what the Anti Work Movement get’s right and what it gets horribly wrong.


#AntiWork #Business #HowMoneyWorks
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Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR

Music by Epidemic Sound

Stock footage by Storyblocks

All materials in these videos are used for educational purposes and fall within the guidelines of fair use.

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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EVE Online's Self Imposed Economic Collapse - How Money Works

A few years ago the galaxy within EVE Online was facing a problem. Abundance.

An abundance of materials, an abundance of fuel, an abundance of high paying income sources, and an abundance of safe space to harvest these materials, fuels and space dollars.

Now while that might sound like a really good problem to have, (and it would be in the real world) It does cause some problems in a video game.

The biggest problem simply being that is boring.

Try playing GTA 5 with god mode hacks turned on, after punching some fighter jets out of the sky you are going to get bored pretty fast, and people WERE getting bored.


The largest groups in EVE online were up until recently playing a game of “build as much as you possibly can so it becomes almost impossible for any smaller group to ever catch up”.


#EVEOnline #Finance #HowMoneyWorks

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Part 1 - https://youtu.be/m6j_UsGJnkQ

Part 2 - https://youtu.be/2t25bsqlTM8

Part 3 - https://youtu.be/ijhAILUNz_s

Music by Epidemic Sound & Eve Online Original Soundtrack


Sign Up Link (if you want to try out the game) - https://www.eveonline.com/signup?invc=ef33cafb-0aa2-4051-9f03-55dc800247c2

(This link gives both you and I rewards in the game)

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Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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Why Finance "Gurus" Want You To Hate Them - How Money Works

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Thanks to Aura for sponsoring this video

Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.

These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.

The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.

But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.

These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.

The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.

But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?

#howmoneyworks

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Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR

Music by Epidemic Sound

Stock footage by Storyblocks

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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This Video Has Made Me $810.61

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This video has made me that much money, assuming that YouTube hasn’t changed their layout since I posted this video.

This money will be a combination of my 55% revenue share I get from YouTubes’ Adsense system as a member of their Partner Program and the money I will get from the very brave company that I somehow convinced to sponsor today’s video.

If you are part of the roughly 30% of people that watch my new videos in the first day after they are uploaded, then firstly thank you, but you might also notice that the number down there is negative, and that’s because I have also decided to include how much it costs me to make these videos.

I’ve done this for two reasons, the first is because I thought you might find it interesting, especially if you have ever aspired to start a YouTube channel of your own. I’ve also done it to highlight a big problem that I think is worth talking about, monetization drastically effects what you spend your time watching here on YouTube without you even realising it.

If you aren’t watching on the first day this video goes live then the title was “This video has made me -$953.56” because that’s how much I spend all in on making the video you are watching right now.

That might surprise you, after all most of my videos are made from edited movie scenes and stock clips, compared to some of the things you watch on YouTube, I don’t need to give piles of cash away, film in exotic locations or get a new car every other week.

But I still employ an editor who I want to pay very well for the work he does in making these videos come to life, and on top of that there are licenses for the software applications I use, as well as licenses for the things as mundane as a cloud storage drive, email servers and accounting software.

The barriers to entry for a YouTube channel like mine are very low, but they are rising, especially if you want to stand out in an ever more competitive landscape of high budget content, and this is causing perhaps one of the biggest problems on the platform.

And no, I am not talking about people saying naughty things and getting their videos demonetized, I’m talking about something that greatly impacts the way you consume hours of video every week.


#youtubemonetization #howmoneyworks #finance

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Thanks to Ed6767 for the image at 7:19
https://commons.wikimedia.org/wiki/File:Exterior_of_YouTube_Space_Kings_Cross.jpg

Edited By: Andrew Gonzales

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

For sponsorship inquiries, please contact [email protected]

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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How To Make Your Own Currency & The Companies That Already Have - How Money Works

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With all the talk of reckless money printing, hyperinflation and debasement of currencies around the world today, it sounds reasonable to have some kind of backup plan ready to replace regular currencies should the need arise.

Now of course there are crypto “currencies” and they are great as alternative investment vehicles, but their high transaction fees and slow processing times make them extremely unsuitable to replace something like the American dollar, in whatever form it may take.

This is all really frustrating because a nations currency is supposed to serve the people of the nation and it does genuinely seem like in recent years this role has mutated into bending the economy to the whim of policy makers… who may not always have the best ideas.

If only YOU had access to the control panel, you could stop all of this reckless money printing (that according to some top economists and financiers, is driving us towards hyperinflation Armageddon).

This begs the question, how could you create your own currency? And how could an obscure old video game give us the answer to this question.

So it’s time to literally learn how money works as we look into the steps an individual or a group could take to create a currency with the same functionality and recognition as a those created by governments around the world.

So to get started we need to properly understand what a currency must do, to be a viable replacement for lets say the US dollar.



#Currency #Hyperinflation #HowMoneyWorks


Music by Epidemic Sound

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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If We Tax Rich People... They Will Just Leave!

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Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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The Problem With Really Smart People

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There is a problem with really smart people that is making you dumber and poorer.

Social media platforms like YouTube, Twitter, TikTok and Facebook have allowed us unrestricted access to the greatest minds in the world. It’s also let us interact with these people instead of only being able to read their curated publishing.

Being able to watch hours of interviews with world renowned scientists or tweet directly with influential business people is amazing, but it creates 5 big problems and when these very smart people start talking about investing and personal finance those problems end up costing regular people lots of money.

Problem number one is the issue of false authority.

We now know that the average person puts a heavy weighting on the advice of smart people but even the smartest people in the world don’t know how you should invest your money.

An investing strategy is a very personal thing because it needs to consider your income, objectives, risk tolerance, tax strategies and current financial position, without knowing these its impossible for even the smartest investor to give good advice.

The problem for a lot of people is advice can be expensive and licensed professionals are also obligated to give people cold hard truths that they might not want to hear, such as you are never going to get rich earning $50,000 a year.

People don’t want to hear this so they look to smart people who are not afraid to give advice to see what they recommend.

Someone like Meet Kevin is obviously a smart guy because he has made millions of dollars investing into real estate and meme stocks and then millions more by talking about investing into real estate and meme stocks on the internet.

The advice he gives carries a lot of weight because he presents himself as an in the know figure that is willing to teach you the secrets of becoming wealthy from humble beginnings like he did.

Compare this to a boomer like the plain bagel who is only going to lecture you about how your portfolio is never going to MOON and that you should instead take your time to write out clear objectives and work those into a realistic budgeting and investing plan.


So it’s time to learn How Money Works to find out how listening to really smart people is costing us all a lot of money


#investing #business #howmoneyworks
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Edited By: Andrew Gonzales

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

For sponsorship inquiries, please contact [email protected]

All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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How Much Money I Made on YouTube After Gaining 100,000 Subscribers In A Month - How Money Works

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Link to my brand new Patreon 👉 https://www.patreon.com/HowMoneyWorks ❤️
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Thanks to a few of my video’s taking off this channel gained 100,000 subscribers and over 5.5 million views within a month.

I hope it goes without saying that I am incredibly grateful to everybody who has watched my videos, subscribed, left an encouraging comment or even pointed out area’s where I can improve.

But with that sappy bullshit out of the way, all regular viewers of the channel will know by now that I hate dragging out an answer to a simple question just to get you to stick around so, $29,000… I made $29,000 in the month that my channel “blew up” as the kids say.

Now there are some really interesting things that I have discovered in this period of rapid growth, and some concerning trends which will likely mean that this gravy train is coming to an end very soon, not only for my channel, but for almost every channel on the platform.

#YouTubeMoney #HowMoneyWorks
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Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR


Music by Epidemic Sound

Follow to learn How Money Works.

Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks

Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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