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Woman's Financial Advice: Don't Pay Your Bills - YouTube
Channel: The Young Turks
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AN AUSTRALIAN WEBSITE KNOWN AS
MAMMA MIA HAD POSTED AN EXPERT ñ
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AN EXCERPT FROM A SOMEWHAT
FINANCIAL ADVISORS BOOK.
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A LOT OF PEOPLE ARE IN DEBT,
SUPER INTERESTING TOPIC, IT
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WOULD DEFINITELY SPARK MY
INTEREST, BUT THE ADVICE
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THAT WAS GIVEN IN THIS
PARTICULAR EXCERPT OF THE
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BOOK WAS QUESTIONABLE, TO SAY
THE LEAST.
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THE BOOK WAS WRITTEN BY A WOMAN
NAMED SIMONE, AND I JUST
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WANT TO GIVE YOU A LITTLE TASTE
OF WHAT SHE HAD TO SAY, AND
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HOW YOU CAN GET OUT OF DEBT.
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LENNY PREFACE THIS BY SAYING
THAT SHE JUST RANDOMLY FOUND
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HERSELF IN DEBT; SHE HAD
ACCUMULATED $187,000 IN DEBT,
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BECAUSE SHE WAS TRAVELING THE
WORLD, RACKING UP ALL THESE
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BILLS, AND SHE SAID, BEFORE I
KNOW IT I HAD ALL THIS DEBT AND
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I DIDN'T EXPECT IT.
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SO SHE WASN'T KEEPING TRACK OF
HER FINANCES, WHICH IS A
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BAD IDEA, AND IT'S INTERESTING
THAT THAT WAS THE STARTING
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OFF POINT TO HER GIVING
FINANCIAL ADVICE.
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BUT SHE GOT OUT OF DEBT IN TWO
YEARS, DIFFICULT THING TO
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DO, SO WHAT IS EQUITY IS HER
ADVICE?
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IS WITH THE EXPERT SAID; "IF YOU
PAY YOUR BILLS FIRST, YOU
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ALWAYS HAVE MORE PILLS.
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WHEN YOU PAY THE BILLS FIRST,
THE UNIVERSE SAYS, OKAY,
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THIS PERSON WISHES TO HONOR
THEIR BILLS.
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LET'S GIVE THEM MORE BILLS."
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SO SHE ARGUES THAT YOU
SHOULD SAVE 10%
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OF WHAT YOU MAKE, BUT YOU
SHOULDN'T SAVE IT WITH THE
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INTENTION OF USING THAT MONEY TO
PAY YOUR BILLS, YOU SHOULD
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SAVE IT WITH THE INTENTION OF
HONORING YOURSELF.
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BECAUSE IF YOU WANT TO YOURSELF,
THE UNIVERSE WILL HONOR YOU.
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I'M NOT KIDDING, THAT'S WHAT SHE
SAYS.
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SO SHE HAS THIS THEORY, I GUESS
ñ OR HYPOTHESIS ñ THAT IF YOU
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JUST THINK POSITIVELY ABOUT YOUR
FINANCES, THEN GOOD THINGS WILL
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HAPPEN.
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WHICH IS INCREDIBLY INSULTING TO
PEOPLE WHO ARE STRUGGLING WITH
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THEIR FINANCES, BECAUSE THEY ARE
NOT PAID ENOUGH, THEY ARE
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DEALING WITH STAGNANT WAGES, ALL
THE THINGS WE TALK ABOUT ON
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THE SHOW REGULARLY.
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LET ME GIVE YOU SOME MORE.
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THE NEXT THING SHE OFFERS IS
THAT YOU SHOULD CARRY AROUND
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THE AMOUNT OF CASH THAT YOU
THINK A RICH PERSON WOULD CARRY.
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HERE IS AN EXACT QUOTE FROM HER;
"I LIKE TO HAVE AT LEAST
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$1000 ON THE AT ALL TIMES.
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I LIKE TO HAVE A BOTTLE OF WATER
WITH ME AT ALL TIMES.
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I LIKE TO HAVE A COLD BOTTLE OF
WINE IN THE FRIDGE AT HOME."
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THAT IS A WEIRD ACCOMMODATION OF
SENTENCES, BUT NONETHELESS,
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DON'T WALK AROUND WITH $1000 IN
YOUR PURSE, OR YOUR POCKET, THAT
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IS A DISASTROUS IDEA.
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SO, I HAVE A VERY STRONG
HYPOTHESIS ON THIS.
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SHE IS EITHER COMPLETELY LYING
ABOUT EVERYTHING AND TRYING TO
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GET ATTENTION, OR SHE IS A RICH,
CLUELESS, ENTITLED ASS.
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THE ONLY THING THAT IS AGAINST
THAT HYPOTHESIS IS THAT QUOTE
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THAT ANA JUST READ YOU, BECAUSE
HER VISION OF RICH PEOPLE IS
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THAT THEY HAVE A COLD BOTTLE OF
WINE IN THE FRIDGE, AND THAT
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THEY ALWAYS CARRY A BOTTLE OF
WATER WITH THEM.
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WHEN DID I BECOME A RICH FOR
SOMETHING?
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AND THAT THEY HAVE $1000 IN
THEIR POCKET.
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BELIEVE IT OR NOT, I'M ACTUALLY
GOING TO DEFEND HER.
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WHAT?
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GIVE IT SOME TIME.
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I WILL NOT, I WILL ATTACK HER
MORE VICIOUSLY.
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OKAY, WELL ONE OF US LOOKED
INTO THE STORY MORE THAN THE
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OTHER, THAT'S WHY I'M GOING TO
DEFEND HER, BUT FIRST LET
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ME GET INTO WHAT HAS GOTTEN HER
ñ WHAT HAS GOTTEN YOU ñ
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GOT HER MORE CRITICISM.
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SHE SAYS, "IF YOU AVOID HAVING
MONEY ON YOU OR IN YOUR
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LIFE BECAUSE YOU THINK WILL YOU
WILL LOSE IT WHERE IT WILL
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BE STOLEN FROM YOU, YOU WILL
NEVER HAVE ENOUGH MONEY AT ALL."
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SHE SAYS, "TO HAVE MONEY YOU
MUST SPEND MONEY ON THINGS OF
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INTENSIVE VALUE, SUCH AS GOLD,
SILVER, PLATINUM, DIAMONDS
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AND/OR PEARLS."
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THIS IS DISASTROUS ADVICE.
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I KNOW SOMEONE WHO, DURING THE
FINANCIAL COLLAPSE, WAS
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ABSOLUTELY WORRIED ABOUT THE
VALUE OF MONEY, SO SHE
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DECIDED TO SPEND ALL HER MONEY
ON DIAMONDS OR SOMETHING,
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AND YOU HAVE NO MONEY NOW, AND
BY THE WAY, I KNOW FROM
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PERSONAL EXPERIENCE WHEN I TRIED
TO SELL JEWELRY THAT MY EX GAVE
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ME, YOU DON'T GET A LOT OF MONEY
BACK WHEN YOU SELL THAT STUFF.
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OF COURSE YOU DON'T!
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LOOK, IT'S
ONE THING TO SAY, BUY GOLD.
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IT'S QUESTIONABLE, BECAUSE IT
DEPENDS ON HOW THE GOLD
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MARKET IS DOING, BUT IT COULD
WORK, THE MARKET COULD GO UP.
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IT'S ANOTHER THING TO SAY, BUY
PEARLS.
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THAT IS NOT A GOOD INVESTMENT
ENTITY.
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AND BELIEVE IT OR NOT, DIAMONDS
DON'T HAVE GOOD RESALE VALUE.
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I TOTALLY BELIEVE THAT.
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THERE WAS AN INTERVIEW THAT
SHE HAD DONE WITH A LOCAL
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TELEVISION STATION, AND SHE
SAID TO OTHER THINGS THAT I
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THOUGHT WERE A LITTLE
QUESTIONABLE.
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SO SHE SAYS, "IF YOU WERE
BROUGHT UP IN THE MIDDLE
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CLASS YOU FEEL, TROUBLE IN THE
MIDDLE CLASS."
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SHE ALSO SAID, "IF YOU WERE
BROUGHT UP WITH POVERTY, YOU
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FEEL TROUBLE WITH THAT."
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MMM...
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DISAGREE.
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IF SHE IS NOT A SUPER CLUELESS
RICH PERSON, I WILL BE
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REALLY SURPRISED.
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I HAVE OVERWHELMING EVIDENCE OF
THAT IN A SECOND, BUT GO AHEAD.
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SO, I ñ LOOK, I THINK IT'S
UNFAIR TO TAKE A PORTION OF A
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BOOK, AND THEN DRAW A CONCLUSION
ABOUT WHETHER OR NOT, YOU KNOW,
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THE ENTIRE BOOK IS TERRIBLE AND
JUST GIVES BAD ADVICE.
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I THINK THAT, UNFORTUNATELY,
THEY USE POSSIBLY THE WORST
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EXCERPT.
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I HOPE IT'S THE WORST EXCERPT,
JESUS I HOPE THERE'S A
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WORSE IN THERE.
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RIGHT, BECAUSE I WAS CURIOUS TO
SEE HOW PEOPLE FELT AFTER
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READING HER BOOK.
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AND SO I WENT BACK, LOOKED AT
REVIEWS FROM BEFORE THE
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STORY EVER BROKE TO SEE WHAT
PEOPLE THOUGHT OF IT, AND A
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LOT OF PEOPLE THOUGHT IT WAS
A GREAT BOOK, THAT IT
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ACTUALLY DID CHANGE THEIR LIVES
AND IT DID HELP THEM.
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THE REASON I'M BRINGING THAT UP
ñ
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AND MAYBE THIS ISN'T REALLY A
DEFENSE, BECAUSE I DON'T
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REALLY KNOW ñ BECAUSE NONE OF US
HAVE READ HER ENTIRE BOOK,
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SO I FEEL REALLY UNCOMFORTABLE
TOUCHING HER BASED ONLY ON THIS.
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YEAH, SHE SAID CLOWNISH THINGS,
BUT GUESS WHAT?
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EVERYONE HAS SAID CLOWNISH
THINGS, INCLUDING THE TWO
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PEOPLE SITTING AT THIS DESK
RIGHT NOW.
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AGREE TO DISAGREE.
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SO I JUST THINK, HOLD.
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BEFORE YOU MAKE A JUDGMENT CALL.
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I'M NOT GOING TO HOLD, NO.
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I'M SUPPOSED TO READ HER CLOWN
BOOK?
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YEAH!
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YEAH.
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I'M NOT GOING TO READ HER BOOK
BEFORE EVERY STORY NOW.
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IF YOU SAID TO ME, THERE'S A
BOOK, AND THERE'S A SECTION IN
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THERE ABOUT HOW THE JEWS RULE
THE WORLD AND HOW THEY STARTED
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ALL THE WARS, WITH THE REST OF
IT MIGHT BE GOOD.
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I'M NOT GOING TO READ THE REST
OF THE BOOK.
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I LIKE HOW YOU WENT TO THE MOST
EXTREME EXAMPLE.
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I KNOW, TO MAKE A POINT.
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BUT HER POSITION IN THESE
EXCERPTS ARE SO
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INDEFENSIBLE, I WOULD NEVER
WASTE ANOTHER SECOND
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READING ANY OTHER PORTION OF THE
BOOK.
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SO SHE SAYS, SHE WASN'T EVEN
COME A QUOTE, COGNITIVELY
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SURE HOW SHE GOT INTO DEBT.
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WHY DON'T YOU JUST PRINT A BOOK
SAYING, "I'M DUMB"?
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HER DEBT WAS $187,000,
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AND YOU WANT COGNITIVELY SURE
HOW YOU GOT THERE?
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I KNOW, BUT I THINK FIRST OF
ALL, THERE ARE A LOT OF PEOPLE
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WHO FIND THEMSELVES IN DEBT, AND
I DON'T THINK THEY ARE STUPID, I
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THINK THAT IT'S ACTUALLY
INCREDIBLE EASY TO FIND YOURSELF
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IN DEBT WITHOUT EVEN REALIZING
THE TROUBLE THAT YOUR ñ
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OR THE WHOLE THAT YOU ARE
DIGGING YOURSELF INTO.
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A LOT OF PEOPLE FIND THEMSELVES
IN THAT SITUATION, I DON'T
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THINK THEY ARE STUPID.
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BUT ANA, IT'S A MATTER OF
CONTEXT.
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IF YOU ARE IN $18,000
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WORTH OF DEBT, IT'S ONE THING
AND IS STRESSING YOU OUT
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BUT I THINK SHE WAS INSANELY
RICH ALREADY, OR I DON'T HOW SHE
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GOT THE MONEY BECAUSE SHE DIDN'T
EARN IT, SHE'S A TOTAL CLOWN.
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YOU DON'T KNOW THAT THOUGH.
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I DO, LOOK AT THE QUOTES!
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LET ME FINISH.
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SHE SAYS, I WOULD DEFINITELY GO
AWAY FOR A WEEKEND, OR BY A NICE
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BOTTLE OF CHAMPAGNE.
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I DIDN'T LIVE FROM A MENTALITY
OF LACK.
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YOU DON'T LIVES LIKE THAT?
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RICH PEOPLE.
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NEXT THING YOU KNOW YOU'RE IN
THE HOLE FOR $187,000.
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AND WHEN SHE FOUND OUT, SHE
WENT, QUOTE, OOPS!
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I'M $107,000 IN DEBT.
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IF YOU ARE AN AVERAGE PERSON
IN THIS COUNTRY, OR ANY
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COUNTRY, AND YOU FIND YOURSELF
IN THAT DEBT, YOU ARE NOT
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THAT WHAT ABOUT IT BECAUSE YOU
HAVE JUST DESTROYED YOUR LIFE.
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AND THEN SHE SAYS, SHE DOESN'T
HOW SHE GOT OUT OF DEBT.
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THE WHOLE POINT OF THE BOOK IS,
I'M SUCH A FINANCIAL GENIUS.
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HOLD ON, THAT'S NOT TRUE.
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SHE DIDN'T SAY, I DON'T KNOW HOW
I GOT OUT OF DEBT, SHE JUST
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SAID SHE HAD POSITIVE THINKING.
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DURING HER INTERVIEW WITH THAT
BOX STATION IN DENVER, SHE
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TALKED ABOUT WHAT SHE DID TO GET
OUT OF DEBT.
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SHE THOUGHT OUTSIDE OF THE BOX,
SHE THOUGHT ABOUT CREATING
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THINGS FOR DIFFERENT BUSINESSES
THAT ENDED UP MAKING HER A
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LOT OF MONEY.
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LOOK, THE REASON WHY I'M
BRINGING THIS ALL UP IS BECAUSE
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MY GUESS ñ AND AGAIN, IT'S A
GUESS BECAUSE I HAVEN'T READ HER
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ENTIRE BOOK ñ HER BOOK PROBABLY
GOES INTO THE OUT-OF-THE-BOX
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SOLUTIONS THAT SHE FOUND TO GET
HERSELF OUT OF DEBT, AND EVEN
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THOUGH THIS EXCERPT SAYS SAVE
10% OF YOUR INCOME, BUT DID
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HONOR YOURSELF AND NOT PAY YOUR
BILLS, OBVIOUSLY SHE PAID HER
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BILLS BECAUSE SHE GOT HERSELF
OUT OF THAT DEBT.
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WHAT HAVE YOU DONE?
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YOU JUST TOLD THE UNIVERSE THAT
YOU ARE WILLING TO PAY UNDER THE
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$7000 IN BILLS, THE UNIVERSE IS
GOING TO GIVE YOU MORE BILLS.
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SHE CONTRADICTS HERSELF.
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BECAUSE SHE'S
A MORON!
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