Valuetainment - Episode 275： The Only Solution To Beating Inflation & Unemployment

00:00:00.000 30 seconds, one time for the underdog, ignition sequence start, let me see you put em up, reach

00:00:09.220 the sky, turn the stars up above, cause it's one time for the underdog, one time for the

00:00:16.220 underdog.

00:00:17.320 I'm Patrick Bedeb, your host of Value Team, and today we're going to talk about why it's

00:00:20.760 so important for you to be making a quarter million dollar year income.

00:00:24.320 That magical six figure number that was a big deal in the 80s with bank rate, I'm going

00:00:29.380 to add the link on the bottom, said in the 80s if you made six figures, you drove a seven

00:00:34.340 series BMW, you lived in a beautiful lavish home, and you went to nice restaurants, life

00:00:39.320 was good, and today making six figures means you live in a 1500 square foot home and you

00:00:43.760 drive a seven year Toyota Corolla is what it's saying, right, today, now it's obviously an

00:00:47.540 example, but you think about it, coming out of high school, coming out of college when

00:00:51.960 we don't have a lot of expenses yet, we're not married, we don't have kids, we don't

00:00:55.360 have a mortgage, we haven't bought diapers yet to know how much it costs, we don't know

00:00:58.940 how much life costs, right, and then you graduate from college and you have payments you got

00:01:04.280 to make to school, all this other stuff, reality really sets in on how much life's going to

00:01:08.980 cost, but everybody who comes out, most people want to strive to get that six figure income.

00:01:14.800 I want to give you some numbers that shows you what six figures in 1980 means today, just

00:01:21.760 to share some numbers with you that I got from the U.S. Census Bureau.

00:01:25.200 Here's some of the numbers. In 1980, if you bought a stamp, it cost you 15 cents, today's 49 cents,

00:01:33.340 that's an increase of 226%. Dozen eggs, 48 cents, today $2, increase of 316%. Bacon, listen to

00:01:43.760 bacon, a buck 20, I know a lot of people that love bacon, today bacon is $6.11, that's an increase

00:01:50.360 of 409%. A house, to buy a house in 1980, the average house, according to U.S. Census Bureau

00:01:59.640 was $62,900. You know what the average house is today? $280,900. That's an increase of 346%

00:02:09.160 is what we're talking about. To buy a house, same exact size house, average income in 1980

00:02:15.960 was $17,710. Today, the average income is $53,891, an increase of 204%. So if we go based

00:02:26.380 on these numbers that we're sharing, a $100,000 year income in 1980, today is a $400,000 year

00:02:35.740 income. $400,000 year income. To be able to afford the luxuries of all of these numbers that

00:02:41.920 increase on a minimum of 200%. Let me give you some more numbers here. Six figures used

00:02:47.020 to be a big deal because only 2% to 3% of people used to make $100,000 year in the 80s. Today,

00:02:52.540 according to the Census Bureau, 22% of Americans' households make over $100,000 year income. Only

00:02:59.140 2% makes over a quarter million dollars. Our president wants to tax people over a quarter

00:03:03.500 million dollar income because he considers that a rich family, somebody that's making good

00:03:08.680 money. A quarter million dollar income, it's only 2%. See, life is getting more expensive.

00:03:15.800 According to U.S. Department of Agriculture, do you know what it takes for a parent, a husband, 0.86

00:03:22.760 a wife to raise a kid from the day they're born to 18 years old, not including college? You know 0.92

00:03:27.720 how much it costs? $245,340 per child. Per child. If you have two, that's a half a million dollars. If

00:03:38.700 you have three, that's three quarters of a million dollars is what we're talking about. And someone's

00:03:44.240 listening to this and saying, how are people even making it? Well, that's the real question.

00:03:49.160 How are people making it with six figures? How are people even doing it with $150,000 year income?

00:03:54.580 Now, you may say, well, a quarter million dollar is not even a big deal in places like New York,

00:03:58.940 you know, LA or Chicago. I would agree with you, but I'm generally giving you a number on a quarter

00:04:04.440 million dollar flat out across the board. That's the new six figures. So, if you're watching this

00:04:09.680 saying, well, how am I going to be making a quarter million dollar year income? At my job, I make 73.

00:04:15.560 You know, my spouse makes 38. You know, we make $111,000 a year between the both of us and we have

00:04:22.860 two degrees and I'm paying $73,000 on my degree and she's paying $68,000 on her degree. We're 0.99

00:04:29.400 making all these payments. We're making the Sally Mays. This, by the way, this is real life.

00:04:34.180 We're concerned about having kids. Maybe we don't want to have more than one kid because

00:04:37.180 if we have one kid only so we can at least take care because what's a nanny going to cost? What's 1.00

00:04:41.700 this going to cost? What's that going to cost? Cost of living is going up. So, you're asking the

00:04:46.080 question, great, all of this sounds good. How do I make a quarter million dollar year income

00:04:50.820 household? Well, if you generally look at what industries pay a quarter million dollars,

00:04:56.200 if you Google it, you can look at it for yourself. I have a couple of links on the bottom for

00:04:59.840 you to look at. It's typically medicine, money industry, and computers. Medicine, money industry,

00:05:08.280 and computers. Software, things like that. Medicine, you got to go for 12 years to be around

00:05:12.960 the quarter million dollar year income, which means another $300,000, $400,000 a day. Money,

00:05:17.340 you just need some licenses to get into it, whether it's real estate, financial insurance,

00:05:21.280 it doesn't matter, money industry. Then you have the computer program in which you may need

00:05:26.560 to have a software engineer, eight years, go to certain schools to do that. These are things

00:05:31.180 that you ought to ask yourself because the true alternative on why immigrants like myself,

00:05:36.280 why America still leads all countries in the world for having 40 plus million immigrants

00:05:41.840 that come to America is because of the free enterprise system. Because you and I, with or

00:05:48.900 without a degree, we can go out there and start a business, be an entrepreneur, based on our pure

00:05:55.600 efforts, make the kind of an income we want to make. If you need to make a quarter million dollar

00:06:00.180 year income, you can make a quarter million dollar income. It doesn't matter. As an entrepreneur,

00:06:05.700 you control your income. But my challenge to you would be, if you're watching this video,

00:06:10.420 maybe you're watching with your spouse, maybe you're going to replay this for your spouse to

00:06:13.160 watch it. Maybe you're going to have your kids watch it, your mom and dad watch it, your friends

00:06:16.480 watch it, you're going to share it with somebody. But I would tell you this, my challenge to you

00:06:19.960 would be, have an action plan to go over a quarter million dollar year income. I would have that in

00:06:24.200 place. And for some of you that are watching saying life is not all about money,

00:06:27.780 I don't know if you have kids. I don't know if you raise kids. I don't know if you know how much

00:06:32.720 diapers cost. I don't know if you know how much food costs for kids and how much private schoolers

00:06:37.200 are, you know, sending them to get a nanny or having somebody take care of them, babysitting or

00:06:41.840 clothes and them getting sick and going to the doctor and health care and car payment, car insurance,

00:06:46.640 you know, debt and, you know, parties and birthday events and all these birthdays you're invited to,

00:06:50.980 all these weddings you're invited to, you know, all these gas, miles, driving, food, utilities,

00:06:56.880 phones, internet, cable, electricity, you're starting to get a trend of it. That's real life.

00:07:03.560 And I think if we really want to make America pay off our $80 trillion of unpaid debt, which is

00:07:10.900 our $18 trillion of national debt that we have, then our commitments that we have for Medicare,

00:07:16.220 Social Security, Obamacare, all this other stuff, there's only one place government gets money from.

00:07:20.920 Government doesn't make any money outside of from private sector who creates money for them to

00:07:26.840 do programs such as build roads, public schools, et cetera, et cetera. If we really want to help

00:07:31.900 pay off the debt for our country, which is a country we represent, we all need to pay a portion of that

00:07:37.560 to cut it down for all of us. We'd love to have our national debt be zero because that's our credit

00:07:42.060 as a country. I believe we all need to make an effort to make more income. And if we want to have

00:07:46.900 a better income for our life, quarter million is the new six figure of your income.

00:07:51.520 Thanks everybody for listening. And by the way, if you haven't already subscribed to

00:07:54.800 Valuetainment on iTunes, please do so. Give us a five star, write a review if you haven't already.

00:08:00.560 And if you have any questions for me that you may have, you can always find me on Snapchat,

00:08:04.640 Instagram, Facebook, or YouTube. Just search my name, Patrick VidDavid. And I actually do respond

00:08:10.120 back when you snap me or send me a message on Instagram. With that being said, have a great

00:08:14.700 day today. Take care everybody. Bye-bye.

00:08:21.520 Bye-bye.

Valuetainment - February 22, 2019

Episode 275： The Only Solution To Beating Inflation & Unemployment

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