How Money Works

Job Security is Dead... And Nobody Cares

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#career #business

Jobs are not what they used to be… the average time an employee spends with their company is now at the lowest level ever, and that’s by design.

We have gone from full time to part time, to casual, to gig work, lowering the expectation of a long-term professional relationship every step of the way.

If this didn’t do enough, studies have shown that many workplaces are now intentionally promoting the fear of job losses in an attempt to “motivate workers” and keep cost down, but this is usually a really dumb idea.

The death of job security is bad for workers AND bad for companies…

But nobody cares anymore…

Up until the 1980’s it wasn’t unusual for workers to spend their entire professional careers working with just ONE company.

Company loyalty was highly valued by both employers and employees, and the threat of getting laid off or fired was incredibly low.

If you ever watch old films and see someone getting fired as a major plot point, just remember it actually was a big deal back then.

The average tenure of young employees these days is less than a third of the baby boomers exiting the workforce.

I don’t want to sound too old here, but back in my day people actually cared about losing their job, but today getting fired or laid off from your company just makes good content to post on Tik Tok.

This is a bad trend for companies, because it takes away their biggest stick.

The fear of getting fired is always going to be a motivator in the workplace, there really is no way around that, if you don’t do your job or cause too much trouble for the company you are going to lose your job along with the pay and benefits that come with it.

But as the great Peter Gibbons would say “that will only make someone work just hard enough to not get fired”.

The death of job security means that people just EXPECT to lose their job at some point in their career these days, but there are three big reasons why it was allowed to get this bad, and three reasons why… nobody really cares anymore…

So it’s time to learn How Money Works to find out why job security is dying, why nobody cares, and what happens when nobody has a job for long enough to be good at it…

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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.

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You Don't Want To Start A Business - But It's Important That You Think You Do - How Money Works

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The culture of being an entrepreneur, or an investor, or a freelancer is increasingly driving young professionals to pursue career paths that are truly not in their best interests.

Now starting a business can of course be incredibly rewarding, and I might sound like a bit of a hypocrite here because of course I started this YouTube channel (at least in part) because I thought it had the potential to be very profitable… and it has been which is great.

But I am also well aware of the fact that I have been extremely lucky, (like winning the lottery levels of lucky) even to get to where I am today. I am also aware that a YouTube business is about the easiest possible business in the world to run. The product distribution, advertising, accounting, server hosting and invoicing are all handled for me.

It’s also incredibly low risk. If my channel never took off, I would have wasted about $300 in equipment and software subscriptions…

Now I bring up YouTube because it’s one of the defining examples of a business model that is perpetuating the idea that if you are not a “Hustler” you are failing at life.

So if you have ever even subconsciously thought that you are destined to be a business owner then it’s time to learn how money works to find out why it might not be all it’s cracked up to be.

#Entrepreneur #Career #HowMoneyWorks

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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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Bernie Madoff's Ponzi Scheme Really Wasn't That Bad - How Money Works

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Bernie Madoff ran the largest Ponzi scheme in history, which at it’s height had an apparent 65 billion dollars in assets under management made up of investments by everybody from wall street billionaires to pension funds.

This all came crashing down in December of 2008, as the fraudulent businessman was arrested and subsequently charged to face over 100 years in prison, a sentence that he served up until his death last month.

But here is the thing, Bernie's fraud, was… not…that… bad…

In fact there is arguably more damaging behaviors taking place in the markets day in and day out today by some of the most revered businessmen in the world.

To understand this, it’s time to learn how money works by defending the indefensible and really understanding how Bernie Madoff ran his business.

So the basic function of a Ponzi scheme is that a legitimate looking operation is set up to attract investors looking to make a nice healthy return. Now this operation could theoretically purport to do anything…. Shipping, mining, manufacturing, but more often than not it is investing.

Why investing?

Because it is the most discrete… you see you will never actually perform any of the tasks that you claim you will to the investors and an investment firm doing nothing looks pretty much identical to an investment firm doing a lot, at least from the outside.

#BernieDidNothingWrong #Finance #HowMoneyWorks

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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Why SPACs are Popular InvestmentsNicola Motors, Draft Kings, and Virgin Galactic have a lot in common.For starters all these companies have recently gone public and are still not profitable and while that's common for many IPOs neither Nicola or virgin galactic have actually generated any revenue from their main service lines.For Nikola they haven't even sold any electric vehicles and for Virgin Galactic they have still yet to deliver on their space tourism services. Most people would consider these stocks to be early stage and incredibly risky for wall street bets though it's a great idea.Perhaps the most important thing to understand about these companies is how they went public and that's through a spec or a special purpose acquisition company.We're going to look at specs how they're structured and answer why they become so popular among investors.SPAC's are by no means anything incredibly new they've existed for a while now but have just recently become popular again.The general idea behind a SPAC is that their management team raises money from investors to go public and then uses that money to buy another company the process through which the acquisition occurs is called a reverse merger and how this works is actually pretty simple...Music from Epidemic Sound#SPAC #IPO #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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 Rise of CEOs... That Don't Show Up To Work.

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My Other Channels: @HowHistoryWorks @HowMoneyWorksUncut @HowHistoryWorksUncut

Edited By: Svibe Multimedia Studio

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

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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.

#ceo #business #career

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Now you probably already know the old joke that… no they are not working 400 times harder than their employees… but being a CEO IS still a serious commitment that normally involves making life long sacrifices to climb the corporate ladder or start a successful business all while being constantly accountable to shareholders and a board of directors.

The pay is good, but the work is hard, and if you want to be CEO, you need to be on call 24/7 to put out fires, or your time at the top will be very short lived.

That’s the story anyway…

So then… what is behind the massive rise in CEO’s that only work part time, IF they show up to work at all?

Well it’s time to learn How Money Works to find out why else companies have become happy to pay millions of dollars to people who barely show up to work.

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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Banking is Broken (And We May Not Be Able to Fix It) - How Money Works

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Banking has become too complicated and too concentrated for it's own good and this could have serious impacts on us all.

#Banking #Finance #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

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Banking is an incredibly important industry which is based off a very simple concept.

People with more money than they know what to do with can keep it in a safe secure institution which can then lend that money out to people who have big idea’s but not enough money to make them happen.

They give a small incentive to the depositors, and charge a higher premium from the borrowers, making a profit for the service that they provide as a “financial intermediary”

This system has become more complex over time with things like fractional reserve banking, and alternative capital sources, but if we strip all of that away we will still find that the heart of banking is this simple mechanism.

For all of the hate that banks get, they can do a lot of good in an economy. To people who want a safe place to keep their money they offer an almost 100% guarantee that the money left with them will still be there, a day, a month, a century from when it was deposited.

They also make that money readily accessible, online, over the phone, from a collection of ATM’s, or simply through a plastic debit card.

To people that want to borrow money they are also the “go to” institution for a fair loan based on lending parameters developed over time.

We may hate things like credit scores and employment checks, but it’s part of the reason why so many people are paying below 3% on their mortgages right now.

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 WorksA 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)Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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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What Company Made Steve Jobs a Billionaire? - Hint: it Wasn't Apple! - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈Steve jobs was worth an estimated 10.2 billion dollars at the time of his tragic death in late 2011, making him one of the wealthiest people in the world at the time.This will not come as a huge surprise to most of you, because after all he was the founder and CEO of Apple Computers, which went on to be the most valuable company in history, with a market capitalization today of over 2.2 trillion dollars.The thing is though, apple had very little to do with the fortune amassed by this legendary businessman.Apple was famously founded by Steve Jobs, Steve Wozniak and Ronald Wayne in a Californian garage in 1976.The business found it’s initial seed capital from jobs selling his Volkswagen Bus, and Wozniak selling a high end pocket calculator.These funds were then use to develop the apple one and subsequent apple two desktop computers, which introduced the world to a new way of interacting with these previously cumbersome machines.During this period, Ronald Wayne, the often forgotten third founder of apple computers would sell his share in the company for $800 dollars. Those same shares today even after dilution would be worth more than half a trillion dollars, but c'est la vieVideo Clips Used In Video-- https://www.youtube.com/watch?v=m4kn_GqGsKc

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Was Any Of This Actually Legal?

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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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Yes Money Does Buy You Happiness - Even Beyond $75,000 Per Year! - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈$75,000 per year. This is the number often referred to as the cut off where money will no longer bring you any more happiness.This is largely in thanks to a widely misquoted 2010 study conducted by these two gentleman, Daniel Kahneman and Angus Deaton.Since this was published, all manner of outlets have perpetuated this idea that conveniently falls in line with other tropes like, money can’t buy happiness and money is the root of all evil, mo money mo problem etc etc.The issue is that it’s simply not true.The first clue for anybody misquoting this study should be in the title of the study itself. “High income improves evaluation of life but not emotional well-being”What this means in plain English is that people with higher incomes don’t necessarily experience higher levels of day-to-day happiness. However long term, they do generally have a more positive outlook on life.This phenomenon is most likely to be explained by the psychological theory of the hedonic treadmill.The hedonic treadmill is the observed tendency of humans to revert back to a relatively stable level of happiness in spite of any major life events, positive or negative.This is to be expected because of something psychologists refer to as the hedonic treadmill.The hedonic treadmill is the observed tendency of humans to quickly return to a relatively stable level of happiness despite any major positive or negative life changes.#Money #Happiness #HowMoneyWorksSources- https://www.pnas.org/content/107/38/16489- https://www.pnas.org/content/118/4/e2016976118.short?rss%3D1Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: 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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