Work Addiction and The Golden Handcuffs - How Money Works

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Information Work Addiction and The Golden Handcuffs - How Money Works

Title	:	Work Addiction and The Golden Handcuffs - How Money Works
Lasting	:	12.03
Date of publication	:
Views	:	316 rb

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Comment from : @HowMoneyWorks

My dad was a workaholic It never did him any favors and his children grew up to despise him
Comment from : @Not_Always

Do not collect good or fiefs for your old age-Miyamoto Musashi
Comment from : @MarztheStoic

All societies are based on social mobility, we are hard wired to progress Even if you quit your job to spend your life fishing you would either get bored due to lack of progress or you would end up over fishing to be the best fisherman All jobs suck just embrace the game
Comment from : @jdlk-ny5yo

I work 50-60 hours every week haven't called in a single day in almost 3 years and never use all my PTO, literally will loose 55 days of PTO this year why do I work so much, because life outside of work is boring and lonely No family, I live alone, and all of my friends are at work Work is the only place I feel valued, respected, and socialize when I am not at work I just sit around doing nothing alone in my house My work ethic has propelled my career, made me some pretty decent money, and I enjoy my job it has just come at the cost of a life and I don't know how to break the cycle
Comment from : @CA5H3W

Why won't I love working WHEN I am afraid if I get laid off I am going to have to sit through interview while being scared I can't make my rent/mortgage I have to be efficient so I don't blame myself when (hopefully if) I get axed
Comment from : @karoosogba8900

0:38 I'm sorry $1,000,000 would just be an extra $30 to $40,000/yr I would keep working Now $10,000,000 is a different story
Comment from : @richsamuel2922

I'm absolutely astonished that some people can work in bullshit office jobs and not feel dead insidebrbrThe best part in my engineering job is that I jump from one project to another I can't imagine that some people have the same papers on the desk over and over and over until they retire It's like a endless loop of bullshit
Comment from : @skunkbaxter5299

why work?
Comment from : @angelachanelhuang1651

I quit a career in management consulting because I didn’t like the prospects of sacrificing my personal life and health and exchange for 500 K Thankfully, I made smart financial decisions the last 20 years that I can be independent, and live off of my investments I abandoned the idea of working a W-2 job and semi retired at 40 Now I live abroad, work out a lot, study new things and learn new hobbies, volunteer I work a fair amount, but only on things I enjoy regardless of pay For things I don’t like, I don’t do them, or I pay someone to do them
Comment from : @issacmba7671

Poor people find fulfillment in using their bodies and minds to make a rich stranger’s dreams come true What a goofy little crater this is 🙄
Comment from : @waverider6133

If I had a million pounds? Motorbikes, and videogames
Comment from : @MrRandomgamer

I hate my workplace, my bosses, and roughly half of my colleagues I have four hours in commute every day And the pay, although decent, could be WAY batterbrbrThe job itself is not bad but the way our company is structured is utter crap Probably the best thing about my company is that they don't care about me (they've made it eminently clear), and i get no bonuses, so it won't be hard to quit as soon as i get a better offer
Comment from : @Firepowered

Cause truthfully doing nothing gets boring much faster than ppl think While you're not working the rest of your friends, family and the world usually is and it can get a bit lonely Also ppl need something productive to give them purpose or depression sets in I'd retire from my day job but keep workingbrmy rental business because I enjoy it and it and makes me feel accomplished
Comment from : @ANJS2210

5:26 I cannot agree more I saw many of my friends of uni inflating their lifestyles - "one penny in, on penny out" This is just nuts People live through their spending, as if they were going to die, should they fail to demonstrate their social statusbrYou don't go skiing? you're a bumbrYou don't go on vacations 2 full weeks? bumbrYou don't buy new clothes every month? bumbrYou don't change your car every 5 years? bumbrsorry, guys, I prefer to prepare my future AND to give money to charities
Comment from : @foobarFR

non-native English speaker, so I will say type the answer as the best I can:brbrIt's because of human nature, that get put in modern-industrial conditionbrbrin society now, working is not just for livelihood, aka for literal basic survival in a industrial, complex, modern society as we're now, work is much more than thatbrbrfirst, now there's a concept of career I read many histories and I dont remember reading word 'career' in civilization before our modern nowbrcareer is an advancement, extension of work that in the past is just merely for livelihood; it's who you are, what you build for your identity, it's your personal branding for thriving socially in society you live inbrbrsecond, human nature as a social creature I believe even if someone got huge tons of money and they dont need to work themselves atleast for few years, they will still feeling somewhat bad and guilty about it and also they can get sneered at by other people, as 'strange' a lot of people are very self conscious and easy to get influenced by others and societybrplus, work is not just how we get money feed ourselves, it also how we spend time daily brI believe a significant amount of people will feel weird and just kinda guilty that they're not working, they will be confused with what they gonna do with now their full free time, now that technically they dont have to work to feed themselves? thats why some people will definitely still get to work even if they dont have tobrbrme myself, if I suddenly be crazy rich, i will definitely not work, and buying a house, a land, and investing myself for future survival
Comment from : @faisal5367

"How money works"brIT DOESN'T
Comment from : @ConanDuke

I would go to school and buy my home
Comment from : @neverendingparty2060

Oh man, this is a great video! This is exactly what I didn't what to have happen brI became financially retired at 54 and investment income is multiple times my expenses I still run my aluminum manufacturing company for fun and the income could go to 0 and I wouldn't be affected br0 debt period and sitting by my pool at my home in Florida writing this brLive below your means nowor you'll never retire I know so many people with the golden handcuffsdon't be one of them!
Comment from : @ShamileII

I too look forward to the day that I am a secretly wealthy person who enjoys reading books at cafes and fishing
Comment from : @bodhit

4:00 come on man No need to kick me while I'm down
Comment from : @Dapper_Dad

There's an interesting thing named the "sunken cost fallacy" brThe more you invest in something (time in a job), the more you justify continuing to do it
Comment from : @emilepapillon2275

To be fair even if I do have enough money for a comfortable existence and retirement I did still choose to work Maybe not full time but just enough to keep me active brbrI have seen people who gone to waste within just a year of retirement Having something to do that demands some discipline will at least keep me from rusting
Comment from : @vehx9316

1:15 what is this scene from?
Comment from : @lavellelee5734

No way he said "big swinging dick"
Comment from : @slicknick566

My precios boss was just spending money like a maniac You could tell the guy didn’t know what to do with his money Just lack of discipline
Comment from : @chartaiwan

It gives people structure n social lifesad but true
Comment from : @wynea7911

In America there’s limitless number of things that will suck all your free money It takes superhuman discipline and mental gymnastics with your close friends and family to not spend it on shit every free moment
Comment from : @johnfox137

All I want is finish the task of the day and go home
Comment from : @spektrumB

Brody Bruce for the win
Comment from : @bigbk301

This has to be one of my favorite videos So beautifully said and explained Love the awareness that comes from considering this perspective
Comment from : @Depriveddrifter

One additional way I have heard the term golden-handcuffs used is that high income earners tend to start buying houses and cars dependent upon their paychecks This leads to the inability to retire or quit without giving up those things
Comment from : @isaacmeck7247

When you invest you're buying a day you don't have to work
Comment from : @chrispaul3778

This is not an addiction to a job brbrIt's a system of not knowing what to do with oneself because our education system doesnt teach the discipline required to learn new skills, while fiat currency is constantly stealing your wealth, and therefore your time So you always feel trapped in whatever you are currently doing, and it's hard to start something new, so you stay doing what you're currently doing even tho you're miserablebrbrIt's a system that creates misery in the world at all levels of income
Comment from : @meskinYT

“Only a few dozen engineers in the world who can oversee a deep sea oil drilling project” and I’m lucky enough to work with 3 of them
Comment from : @benburgess9428

I work 6 per week, averaging 56 hours, with only Sunday off I do it so I can save enough to retire and do nothing 😎
Comment from : @Imnotarobot

I made 75k, in 2000 to 2001 at a stressful, fast-paced engineering job for USAF! br2002 I left that Job and worked as a bar tender in st Thomas and IT WAS THE BEST MOMENT OF MY LIFE!!!brFriends, family, surfing, and freedom was my life!brUnfortunately, all that was short-lived when a company offered me a 135k job in Norfolk in 2013 It was hard to turn down brI'm doing good now, but it was NOTHING compared to St Thomas nothing comes close!
Comment from : @MasterTSayge

This video is bullshit, all you did is strawman a bunch of people and put them in arbitrary buckets It's obvious you don't talk from experience
Comment from : @Alek988Alek

Is there a place for workaholics that are also lazy? I work hard to be lazy
Comment from : @nucleardog6675

Why aren't we focusing on systems of living that dont need you to pay for permission to exist like we do in capitalism?? Seriously whats wrong with humanity
Comment from : @recluseauhermitticus2033

i wish to be workaholic,i am the opposite: im lazy asf 🙄🤷‍♂😂😂
Comment from : @pro5p3c7or1

Just let that sink in brbrIn a time when most American workers can't even hope to comfortably retire brbrWhy is that?
Comment from : @wazachi21

If you're making 250k + and still living paycheck to paycheck, you're doing something VERY wrong You should be living very comfortably on that level of income
Comment from : @SpidermansSymbiote

problem is, the only people who make the million dollars are the workaholics
Comment from : @luxinvictus9018

If I had a million dollars I probably be doing what I do now , fix computers and troubleshoot software
Comment from : @josephwolf7552

I just get bored out of my mind when I do nothing for more than two weeks so I inevitably have to get back to work
Comment from : @grimwaltzman

This explains those numerous stories of movie actors who were never home with their families, like Bing Crosby This also explains why some actors suddenly give up successful careers to spend more time with their families, like Lucas Black (CSI New Orleans)
Comment from : @waverly2468

Wow I didn’t think I was a workaholic, but yeah I worked 60-80 hour weeks and paid for all of my own training and learning And … after 20 years of 1-2 “cost of living” raises finally cracked $50k/yr Just found out my skills pay >$150k/yr for peers I had no idea Now it’s too late Can’t prove any of it b/c didn’t publish anything I’m a fool
Comment from : @rusticitas

Whatever the opposite of work addiction is, I have that Seriously, when I get a week off my day job, I have to drag my brain kicking and screaming to get anything done at all I have a "downtime" addiction
Comment from : @wanderingrandomer

I don't live to work, I work to live Simple as that
Comment from : @firun2635

thank you
Comment from : @kubilay9873

"Do not overwork to be rich; Because of your own understanding, cease! Will you set your eyes on that which is not? For riches certainly make themselves wings; They fly away like an eagle toward heaven" - Proverbs 23:4-5
Comment from : @tutnod2449

You said, that money can solve many problems but not this one, I disagree this is bull shit if I am a weak minded individual who doesnt manage to keep their shit together and landed such a position, because they are a savant in their field, fall into one more year syndrome because they lack a goal and the associated discipline as when they get a project the next one is already at the horizon this gives them a temporary goal just to replace it once they almost made it, and combine this with lifestyle inflation, you get: corporate greed, corruption and last but not least the companies shares are gonna tank if not going to take the entire company down because the people in charge had no focus on the greater picture
Comment from : @randomdude7386

Your worth as a human being is measured by your productivity Productivity also serves as status No wonder people have trouble relaxing, retiring, etc
Comment from : @ZzZzZzZzZzZzZzZzZzZzZzZzZzZ000

Holy shit, I'm a real life Peter Gibbons I live entirely off of my investments and don't do jack shit
Comment from : @whitejodeci8926

Yeah not a problem I havebrAnd I ilike/i my job I even strive to do it to the best of my ability I'm proud of my professional skillsbrBut that's all it is, a job brIf I didn't need it to my bills, I have a dozen other things to fill my lifebrNone of my friends are colleagues from work
Comment from : @maxxon99

i"Money can solve a lot of problems"/ibr While being the source of almost all of it People don't work because 'that's just what you do in life' They do it because just living revolves around spending money, so you have to find a source to offset the costs and hopefully get some extra Life's basic necessities have evolved to always require monthly, quarterly or yearly funding, so it's always a requirement to either have a large enough buffer or a source of steady income to offset this Having a job is therefore a requirement just to live As such, people don't live their lives anymore: they just subsistbrbrWhat would a world based on personal skill and resource allocation look like, where all of life's basic necessities are covered?
Comment from : @CelisC

I am glad trades do not have this 1 More Year thing
Comment from : @allaboutstupid2228

The most incomprehensible aspect of this topic, to me, are the really really well paid scumbags And by that I mean corrupt politicians, corrupt businessmen, people who got filthy rich destroying the environment or the society (like for example "scientists" who got rich running paywalled scientific journals that cost fortunes or Medicare companies who got stupidly rich raising prices of Healthcare)brCorrupt politicians and businessmen are a very prevalent class here in Brazil, for example brbrAnd, ffs, these scumbags have enough money to retire even their unborn grandchildren, yet they keep festering society and the world with their greedy practices instead of just retiring and doing nothing They'd be doing us all a favor if they just stop their scams-filled day job, but no, they keep on it, seemingly forever
Comment from : @FelipeKana1

One more year indeed…
Comment from : @tjandrayoung6470

95 of the examples and photos were about white men
Comment from : @JourneysTravels

i’ve never related so little to a video
Comment from : @sierrayeh4265

I have all the symptoms of a workaholic but I am proud to say I am 3 months sober (unemployed)
Comment from : @urfavweapon719

Dude, you overdid the movie clips in this video They were too long and didn't flow that well with your presentation (if they did I wouldn't have noticed) Instead they were distracting and annoying
Comment from : @ShaferHart

1:20 to 1:24 And yet you pad these videos out extensively with these random video clips and "funnies" when all they do is break the flow of the video and needlessly increase the video's lengthsbrbrBut sure man
Comment from : @theblessedaspie7056

We need a video on how you create content for your channel while balancing a full-time job! I gotta know! Like if you hire people for editing or script writing and such br brCurrently Im a senior in high school and planning to go to college for computer automation,computer science, or computer engineering but I want to build the skills for marketing and making videos as a side hustle but I have no clue how to balance my studies out while making good enough content to increasing my following on youtube br brA video on what you do to produce videos while keeping a steady income would be a massive help
Comment from : @dondoesroblox6444

Golden handcuffs are a company’s way of saying we love you and want to be with you forever
Comment from : @spacecadet2226

If work is a drug, I'm that guy being force fed, puking at the end of the day, not wanting to do itbrbrI'm not addicted As I type this, I desperately want to drop my badge on the security desk, walk out and never look back But society looks down on unemployed men and I'd see my entire social life go up in smoke
Comment from : @LTNetjak

Edward Bernays way
Comment from : @davidsantos1630

This is a great vid for those that don't already know about this type of work prison I work in an industry/level/position that includes a lot of the things in this video Kids out of college get sucked in by higher salaries, signing bonuses and RSUs But the companies are in the highest COL areas in the country so that $150k total comp means they're renting an apartment, financing a vehicle (probably a Tesla because of course) and buying or worse yet financing other high $$ toys because that's what their peers/mentors do And it only expands from there, very few pay cash for anything, so you see people making $300k+ a year with a $15M house, RV, 3 cars, a motorcycle and a watch collection all on monthly payments And that $300k is probably half or less base pay as the vid mentions The rest is stock vesting over time and a yearly or quarterly bonus so it trickles in and in some cases costs capital gains to access I'm proudly the one living in the small 'affordable' house with no debts other than a reasonable mortgage but I'm the exception rather than the norm I do like my job but once my kids are off to college I'm out ;)
Comment from : @bigslacker666

Ummm also, I think ur wrong or maybe I’m reading the caption wrong But people who are billionaires keep on working but not the same type of work normal humans know
Comment from : @6host_Casper

I honestly want a Lamborghini so I can drive like I do in Cyberpunk…brbrAnd GTA…brbrAnd in movies…brbrAlso, I like clothes and making things brbrI figure I can make stuff more with money
Comment from : @Darth_Bateman

I can BREAK these CUFFS!!!
Comment from : @Darth_Bateman

Finall I paused at 0:14 and confirmed, the woman waiting for the metro doesn't have a twig as her left leg Has been bothering me since a few videos now 🧐
Comment from : @mistaowickkuh6249

All traditional institutions, all alternative communities and basically any sense of transcendental meaning people used to have in their lives outside of work, and especially work for corporations, is gone Most of the time these people continue to work for reasons that have nothing to do with money and everything to do with the fact that it is really the only Center to their identity Without it, they would fall apart, physically, psychologically, spiritually This is the nature of Homo EconomicusbrbrWe live in the Reign of Quantity, as Guenon was apt to point out Welcome to the Last Man
Comment from : @LaotzuGoldbug

I'm a western Australian and the golden handcuffs is a big problem for people working in mining "fifo workers" not going to explain it here give it a Google Took a good 3 years for my wife and I to get use to being on 100k less a year
Comment from : @keithclarke5137

I don’t know 1 person who works because they love working… it’s total BS and this work first culture is why Americans are obese as fuck If they had more time to go to the gym 1-2 hours a day and spend more time with family… we could be a great nation
Comment from : @tobiasthederp4025

I do not relate to many of these people When it's 5 o'clock, you can bet your ass I'm in the gym Work as a mechanism to set you free in retirement is more fake than the American Dream imo
Comment from : @uberness93

Why continue working? (1) work is what makes life satisfying, (2) God says to work 6 days and rest 1, and there weren't any exceptions made, such as age
Comment from : @timnelson8656

I actually received a performance bonus from my previous job a year after I quit That's how it should be You worked for that bonus so even if you are no long are employed you still earned that payout
Comment from : @SyntheticFuture

Funny thing I learned working in child protectionbrWhen talking to white people we always say, "So what do you do?" As in, what's their jobbrWhen talking to Australian Aboriginal people they ask, "Who's your family?"brOnce I realised that I began to realise how often I started conversations with "What do you do?" as if it's the most important thing about a person
Comment from : @MrZoomah

Thank you
Comment from : @mattanderson6672

I’m sorry I still have no sympathy for anybody who’s making 250,000 a year and living paycheck paycheck There’s no reason for that
Comment from : @bonniegaither3994

At minimum if you earn 6 figures a year you should be putting money away into a dividend portfolio every month to ensure you'll always have an income no matter what
Comment from : @DioDiablo702

Men are the biggest victims of this, because our role in life is provider
Comment from : @adriansherlockdamondark1094

4:20 "career progress" no longer respect this channel
Comment from : @jimmyholmes3538

there are so many recurring costs these days no one can save any money brcell phone bills and online subscriptions are a massive new regular money sink
Comment from : @kingjames4886

Decent pay (not necessarily the top), decent manager and small team of people with similar work ethics is the dream at any job
Comment from : @pehash

With $1 million in savings I can maintain my current lifestyle with a realized 4 average yearly inflation rate for only 25 years That's sort of scary to thing about However, if I invested said $1 million in an index fund that returns an average of 7, I can maintain it indefinitely until the economy completely collapses and even potentially grow my lifestyle expense by about 30 each year before I start losing money Might need to do some fancy dollar cost averaging to even it out, but stillbrbrTruly the greatest ponzi scheme of our timebrbr$1 million USD will be chump change in 25 years
Comment from : @LiveType

After researching the history of great assets such as real estate, dividend-paying stocks, gold, oil, and other commodities, Ive come to the conclusion that most excellent assets never come down to the price you want to acquire them at Simply get the ones you can afford right now
Comment from : @marshall1961