The Psychology of Money

In this video, we explore the role money has in society, its affects on our individual lives, the challenges associated with acquiring it, and the paradoxes often found when using it. Do we need money in life to be happy? How much do we need? And how should we use it?

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[PursuitofWonder]

As always, thank you very much for watching.

[hud]

I tried living without money, I got down to $3, 000 a year. I lived in a van, I ate little, no TV or internet. I loved it! I found it interesting how often police would tell me to “move along” and realized there is no freedom unless you have things, property and can pay others.

[otenglobi]

Top of the food chain and yet we pay to live on a planet...

[AmericanHinoki]

if you have enough money for food, shelter and transportation you are blessed. if more people realized this, there stress levels would come down.

[glidershower]

A lot of my outlook in life derives from Taoism. Money is seen by the Tao as a great lake, hosting water for all forms of life. The mouse might be satisfied with just a thimble of water, while a moose needs to drink a couple of gallons, but no animal can ever hope to drain the lake, _and to try to do so is as foolish as drowning from thirst._

[kaloyanstefanov]

Don't you just love deep philosophical video ending with hair loss promotion! What a time to be alive 😢

[lilith]

The value of money means less and less every day, the actual cost of living hurts so many just trying to get by or literally can’t because of ridiculous high end quotas and housing programs being cut and defunded makes it impossible to qualify. For those who aren’t fortunate enough to have inheritance or a family to help suppport them when they become adults get screwed and taken advantage of 😔 great video again guys, money brings happiness but it also drives people mad being stuck without jobs or have degrees but no one to hire, people lose their sense of purpose just trying to live

[prototypekev]

I hate having to live for an arbitrary piece of paper.

[BassForever]

Having been in poverty for a sustained period of time (luckily not homeless though), and now being able to afford little pleasures I wholeheartedly feel that money DOES buy happiness. Just not in the way media portrays it, but if we think that money CAN get us better education, health, and living spaces, then heck yes money can buy happiness, or at least get us closer to it.

That being said, I wish humanity had a different value system where we didn't need money... but that's a subject for another discussion

[sasz]

I think the part of this video that resonated the most for me was spending money on things of intrinsic value (what you personally value) versus things of extrinsic value (what society values). Where I once lived, many people were focused on spending money on things of extrinsic value (designer clothes, BMWs/Mercedes, huge houses, remodeling their homes so everything was new inside). They wanted other people to like them or be impressed with their possessions. I never cared about that. I would rather spend my time doing things I want to do, so I plan to retire early. Not super early, but I didn't go into debt to buy things of extrinsic value early in life, so I saved for retirement instead. Hopefully the plan pays off - I look forward to spending my time doing things I want to do. I don't want to work at a job I hate for years and years just to own things of extrinsic value that don't make me happy anyway.

[logicake]

I'm 18 right now, and I feel like I did the best thing at this very moment to watch this insightful video of yours.
Thank you for all the effort that you put into these videos. All of your videos are valuable in their own ways. I appreciate your channel more than most channels in YT. Hope you gain more attention and to always improve your work over time.

[CameronFussner]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[matfry]

As a house painter I made it to the top in my company. $28 an hour, gas and health insurance. Wasn't enough, I was dead inside for 4 years. 50 hour weeks and an hour drive there and an hour back. I started my own thing, dictating my own life/work schedual and having freedom to see my family and build up other Christians brothers and sisters. It's the most freeing thing I've done in my life yet, and the happiness and motivation just to see the next day is back. I'm happy again, healthy and working out. It's amazing what doing what you actually want can do.

[alexleach]

I like to earn money so i can pay taxes on what i earn, then when i spend money i like to pay taxes, and when i save money i like it to be taxed via inflation. If i invest money i like to pay tax on it. I work so that i can give my productivity to the government. Bitcoin is worthless because it has no intrinsic value. At least with my money i can pay taxes, lose purchasing power with inflation, and have it seized by banks or governments.

[actvsdei]

Money is basically everyone agreeing to the same mass delusion

[nicketaevani-fzukunf]

Before bartering, there is labour and that's where the value in money comes from. We don't even barter with everyone one. Like, our family. Sure, we do chores, help around or be good but I wouldn't call that bartering. That's just being a responsible person. That was how people lived as communities in the past. Even, when money was starting to be more widespreadly used, people still used it as a currency for how much labour you give back to society. My parents always told me when I was young that working hard either physically or mentally makes us wealthy. But, today it seems like some people get money for free while hard working people struggle to find jobs to even work.

[msmith]

Just finished the video, glad I got back to watching your channel. Your videos are so well made and love that you back everything up with research and examples that you dumb down for people like me.

[BeYourself]

Your video truly helped me realize the significance of money; we often chase after money but forget its true meaning. I hope you'll release more videos, and I'll support you.

[morrispet]

You do SUCH good work !!
Thank you 🙏🏽
I'm gonna make sure I'm a patron

[codyrobillard]

I love every single one of your videos man. Thank you all of them