How Money Works

The "Skills Gap" Myth

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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.

#jobs #business #career

There are eight point two MILLION job openings in America right now, and around seven million people actively looking for a job…

There are also millions of American who have simply given up on even trying to look for a job, but still companies are complaining that they can’t get the people they need…

There is one reason that has been used time and time again to explain this all. Yep… the skills gap…

There are people looking for work, and jobs on offer… but the skills of those people and the requirements of the jobs just don’t line up…

It’s a simple elegant explanation to a major problem… but it’s also almost entirely made up…

The skills gap also known as the skills shortage, or just good old structural unemployment is a convenient excuse for a lot of the major issues in todays job market that are often swept under the rug by businesses, politicians, and even economic statistics.

If a hospital is hiring a doctor, but the only person in the town looking for a job has a degree in computer science then obviously that role is not going to be filled regardless of how much time and effort the applicant has put into their education.

The argument that you would have seen is that this same problem is playing out everywhere across the world which is why even if companies claim to be desperate to hire people, you may struggle to find a job…

The whole argument conveniently shifts the blame of any labor market problems onto the workers because they are the ones that haven’t trained the right skills or developed the right experience.

So it’s time to learn How Money Works to find out how the myth of the “skills gap” helps everyone… but you.

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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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You Will Never Have Your Finances In Order, Here's Why - How Money Works

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I want to start this video off on a positive note.

You will never be rich!

It's not something that people hear enough. Based on the demographics of people who watch my videos most of you are from advanced countries so you will be doing well by global standards but you still won't be rich

The one percent is exactly that one percent of the population even if you do everything right even if you save regularly even if you invest wisely even if you binge watch finance channels and even if you were lucky enough to be born in a country with some degree of social mobility you probably have a 1 in 10 chance of making it at best

So why aren't we taught this more often? Well because people don't like to hear it it's much more fun to binge watch channels or read books that promise that if you do this you will be rich if you learn to manage real estate you will be rich if you turn credit cards you will be rich if you live below your means you will be rich it's easy to see the appeal but how many works is where dreams come to die so to kick off the new year i want to look at a few reasons why you will never be truly wealthy

#Retirement #PersonalFinance #HowMoneyWorks

___________________________________________________________________________

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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9-5 Jobs Are Great Actually - How Money Works

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Commuting an hour a day to spend eight hours in an office for five days a week all with little to no flexibility, is not most peoples idea of a life well spent, especially since the dream of retirement is going the same ways as the dream of home ownership for young workers. So when an alternative is presented, it’s easy to see why these ideas sell so well.

But that’s exactly the point, disliking your job is just part of a sales pitch.

#howmoneyworks #career

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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dOn'T SeLL YoUr TimE fOr mOnEy!!

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How many times have you heard some variation of this phrase “don’t sell your time for money”. This is a finance bro way of saying don’t make money exclusively from a source where you get paid X amount of dollars for Y amount of work which is basically every job. There are various reasons given for why selling your time for money is a bad idea like you only have so many hours a day you can work, so

trading your time for money limits your potential income

The alternative to trading your time for money is usually investing, starting a business, living a wildly alternative lifestyle or some combination of all three of these things.

But I am here to tell you that while this very broad phrase might have some merit in specific situations, it’s pretty much complete bullshit and you really shouldn’t take anybody who says it too seriously.

At best the phrase “don’t sell your time for money” is just another example of hustle bros needlessly bashing on regular day jobs that provide stable living to a majority of Americans. It also perpetuates the idea that simply working a full-time job is not good enough, and that a side hustle or whole extra business is mandatory to get ahead these days.

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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]

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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The Influencer Bubble - How Money Works

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Just ten years ago the very top Youtubers on the platform were mostly filming out of modest apartments, doing average skits, and living lives pretty similar to you or I.

Almost all of them had regular day jobs and posted to the internet because they found it fun, or at the very most because it could earn them a little extra side money.

Contrast that with today where some Influencers have the same reach, notoriety and income as top athletes, singers and movie stars.

#HowMoneyWorks

Link to Modern MBA https://www.youtube.com/c/ModernMBA

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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The Myth Of The "Job Creator" - How Money Works

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Rich business owners and the companies that they run do indeed employ people and provide financial stability to most Americans who rely on a salary to support themselves and their families. On the opposite side of the same coin, they only do that because they really need to. Given the opportunity they would prefer to be job destroyers, but a variety of factors are making that impossible, for now

#JobCreator #Careers #HowMoneyWorks

___________________________________________________________________________

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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Work Addiction and The Golden Handcuffs - How Money Works

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In a time when most American workers can’t ever reasonably hope to retire, why would people with the option to live a life their peers can only dream of choose not to?

The simple truth is that people are both addicted to their work and feel as if they can’t leave.

Why they feel this way is still a bit of a mystery but looking at some leading theories tells a concerning story of how modern careers are making even the most secure workers feel very uneasy about their futures.

So it’s time to learn How Money Works

#HowMoneyWorks #Careers #Business

___________________________________________________________________________

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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The Great Wealth Transfer... Won't Change Anything (probably)

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My Other Channel: @howhistoryworks

Edited By: Svibe Multimedia Studio

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

For sponsorship inquiries, please contact [email protected]

Sign up for our newsletter https://compoundeddaily.com 👈

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.

#wealth #finance #realestate

In the coming decades, the wealthiest generation in history will… die.

It’s an unfortunate albeit inevitable fact of life… but baby boomers will eventually go extinct, and they will pass down over ninety TRILLION dollars [$90,000,000,000] to the next generation within America ALONE.

This much money COULD fix a lot of problems like student debt, unaffordable housing, inadequate retirement savings and record credit card debt.

BUT don’t get too excited just yet, because at best the great wealth transfer is a financial illusion, and it could actually just end up making things worse…

Baby boomers are the wealthiest generation in history.

In America they control half of the nation's wealth according to the 2024 wealth report prepared by the property management company Knight Frank.

Other sources estimate that baby boomers only hold a mere seventy-eight trillion dollars [$78,000,000,000] in assets

That difference of 12 trillion dollars is due to what you really define as wealth, and that slight difference in opinion is more than the collective wealth of half the planet.

Regardless of the exact methodology used to calculate generation wealth they all agree on one thing, baby boomers are the kings and everybody else has been left is holding onto what is left over.

That concentration of wealth has according to many come at the expense of younger generations who are now poorer than their parents were at the same age

So that means that when life finds a way and this wealth is passed down it should fix these generational issues right? Wrong…

So it’s time to learn How Money Works to find out why the great wealth transfer… probably won’t change anything

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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tHe MoSt EvIL cOmPaNiEs In the WoRLD!! BlackStone vs BlackRock

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Blackrock and Blackstone are finance companies that control trillions of dollars worth of assets between them. There is a good chance that some of your money is controlled by one of these companies without you even knowing about it.

Blackrock was one of the largest investors in the ill fated FTX and Blackstone has been blamed for single handily causing the housing affordability crisis.

But how do these companies actually work and are they really the most evil businesses in the world?

Well no… sorry to ruin the fun, but if you remove the ominous sounding background music and carefully selected headlines, these are just regular investment firms like any other, not bad, not terrible.

But I think the best way for you to realise this is to get a clear breakdown of how these companies operate.

So it’s time to learn How Money Works to find out how these companies make their money, and who they answer to, so that you can make up your own mind.

#blackrock #finance #howmoneyworks

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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Good Companies Should Not Last Forever.

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This assumption is useful for accounting practices, but it could be overrated in the field of investing.

We tend to think that successful companies will be around for a really long time and certainly some companies like this do exist, Johnson and Johnson, General Electric and Coca Cola have all been in business for over 100 years trading as the same company they are today.

Even older companies exist if you follow the history of business mergers back to their beginning, JP Morgan Chase is the modern product of several bank mergers over three different centuries with the first constituent bank tracing it’s roots back to 1799.

Having early investments in any of these companies would make you a very rich person today, but you would also be a very dead person too, which reduces the appeal of this investing strategy considerably.

A recent industry report has found that one of the biggest mistakes that investors make is overvaluing the longevity of a company and its easy to see why with people like warren buffet talking frequently about how much $5 invested into coca cola would be worth today.

So it’s time to learn How Money Works to find out why businesses that last hundreds of years are not always the amazing investment they seem.

#business #investing #finance

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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