Wealth & Privilege: My Take — Full Breakdown & Transcript

[00:02] , so the videos that remained were videos that I had crazy. Explaining how I earned my first $100,000 at age 18. It had over 10,000 views. In other words, for YouTube, a long video talking for 20 or 25

[00:15] minutes is excessive. And many comments, I don't know if it was 200, 300, read them and like them. The truth is that there are many good comments; in this YouTube channel seems beautiful to me, I think it's brilliant. But as

[00:28] practically none, but some must have been read. And one of the comments I read, which was the these comments on other social networks, is, "Well, it's very easy because you come from a wealthy family, you come from a privileged background." And I do

[00:41] n't just see this comment in my situation, but I often see it in creators of young people who have done well. Then that comment is generated, and it generates that, silver spoon in your mouth, you came from a well-to-do family." The truth is, whether it's true or

[00:54] able to tell, because if you don't know me personally, you have no right to believe my middle-class family, and in fact almost all Argentinians say that they come upper class or lower class, we all say that we are middle class.

[01:08] went to a private school, not the private school, a normal private school. There was opportunities were like those of an average middle-class family in Argentina, where I started from scratch. From scratch, to what extent? Well,

[01:22] a computer, a Play 4 where we started doing Fortnite streams, I did kid, which maybe if you have to support your the opportunities are more limited or you have to work your back much harder

[01:35] to get to the same point. But to say, well, it's okay, you're not one of those who didn't get $10,000, $50,000 to start investing, but you had opportunities true. And you go based on those

[01:47] progress, you start to earn money, invest the money. Now, what if very good financial situation? In other words, he was born into a privileged family; his father or family owns businesses, he's doing well, meaning he earns a lot of money, and the

[02:03] What is that boy going to do? To start crying, huh? What will the other person who starts in the middle class do, out of envy for the one who starts in the best position? Which one situations. The reality is that life is not fair. It's not like you say, "Hey, we

[02:17] . The one who tries harder will do better ." Not necessarily. Not necessarily. But we can't just sit in that place of complaint and say, "No, well, the other guy started a family, so what." No, life is like

[02:32] a card game. Obviously, you have a lot of luck involved. The family you were born into, the opportunities you have, the things that generally happen have their element of luck, but we can't focus our whole lives on that

[02:44] element of luck. Like every card game, it has its element of luck because of the cards you're dealt, but then it also has its element of skill, of striving, of taking the heat, of working your ass off . What is the

[02:56] card games? While everything has its element of luck, it also has its element of we understand that, well, life isn't fair, it has its luck factor, it has the cards we're dealt, it's bad to start out in a family with

[03:09] money, a good economic position, because it's something that's heavily criticized, it's something that people situation, you were born into everything, you were all daddy's." And I can proudly say that it wasn't my situation and that all the things you achieve feel

[03:22] like they're doubled, because the reality, whether you like it or not, if you started from privileged, what you have to achieve to feel fulfilled is much greater. And I can tell you this because of situations that happened to me with friends

[03:36] who did start out in privileged situations, monetarily speaking, who told me, "Ah, my family, in fact, it happened to me once in a bowling alley many years ago, well, many years, I'm not 22, I don't know, I would have been

[03:48] We're in a bowling alley, I don't know if we were on the coast, if it was a border town. It was already that time of night where you inevitably drank tipsy. And a friend told me, very frustrated, I mean, very, very worried.

[04:03] Nothing, my son has done very well financially in life, I mean, he has companies, he's doing very well and the reality is that I end up being his shadow, he told me, and there's some truth to that. In other words, I end up being his shadow

[04:16] because he achieved so much, and so that I'm not just his dad's son, or blow it up, I mean, do something crazy, something very difficult to

[04:30] happening in many of these cases is that in order not to compare themselves to what their going to another field. In fact, this friend races cars, it's completely unrelated. So, the sporting achievement I can attain is not even comparable to the

[04:46] economic achievement, because they are two completely different areas and this happens a lot. In fact, starting out in a wealthy family or a family like the famous " being counterproductive. You say, "No, how could it be counterproductive? You're

[05:00] sorted. He will never have money problems, he will never have to work at something he doesn't want to do. And yes, it is a reality, the truth. In other words, it's economically about that situation, but what ends up being

[05:13] points is a feeling of self-realization, of personal fulfillment, of saying, "Hey, I'm happy with myself." Because the standard one sets for oneself ends up being different, much more difficult to reach and achieve. In

[05:26] my case, I started a middle-class family and by the age of 22 I could already reach, I mean, I have far surpassed my entire family inevitably feel fulfilled, you say, "Hey, I'm a boss, I made it big, whatever

[05:40] ." But if I had been born into a wealthy family, all my wealthy family, all my achievements would be reduced to "you're so-and-so's son" or "you got it because of so-and-so," which ends up being very hard on oneself.

[05:52] So, starting from the bottom, I would say that it ends up being, I don't know , it ends up being something satisfying because the achievement when you reach it ends up being worth much more. Earning your first million dollars

[06:07] starting from scratch with nothing, inevitably, even if the number is the feeling much better than the person who started from a much more privileged situation and whose father helped them much more. Now, having explained all

[06:21] this, starting in a privileged economic situation does not mean that you will do well. In fact, statistically speaking, 80% of millionaires . In fact, this statistic is taken from the United States, where obviously there is

[06:36] but most people made it on their own, by their own means. He did n't inherit money. It's not that many people talk about how, well, most millionaires are millionaires because they inherited money, in fact, no. 80% did it on their own,

[06:48] starting from scratch, and then the other 20%, maybe you have 10% who inherited it all and another 10% who did it on their own and inherited some money. But if you look at the numbers or start meeting people who inherit a lot of money, it

[07:02] People who inherit money or who start out in a much higher position don't have that hunger, they do n't have that desire to say, "Hey, I'm going to conquer the world." Obviously, I'm generalizing, no, no, this isn't to

[07:15] say that all cases are like this. In fact, I know a lot of them, people who were born into a high economic situation and you say, dude, it even makes you angry. I sometimes say it, dude, you have all the opportunities in

[07:29] unlimited money, but you have a lot of money to try things, to do things, you can join your dad's company, I mean, you have all the opportunities and you're a parasite, I mean, you're into everything from the pin to the bread, from the gossip, from going out partying. And it

[07:44] say, but in the end it all ends up making statistics, numbers in the air. Well, most of the millions were made on their own, most of it is in anyone's pocket, but in the end they are statistics, things that encompass

[07:59] identify you. So, you who are watching this video, you are in a family, you may be starting from scratch, working your back hard, but that shouldn't matter too much to you because the majority or the averages

[08:14] hide individual cases. In fact, individual cases are what generate those averages. So, if you're starting from scratch, you can work your fingers to the bone and you can do very well. Or maybe not. If you start a

[08:27] well-positioned family, you may be among the majority who end up squandering grandparents. The famous third generation. The grandfather created the company, the father

[08:39] made it grow, and the children/grandchildren finished it all and then started almost from scratch. The fourth generation no longer has the chou sticks. They live off you have to start from scratch. It may be that he squanders the entire fortune,

[08:54] different mindset, perhaps because you were raised differently, or whatever the situation may be, and you will overcome it . Then you don't have to be tied to what the world, statistics, or your family thinks of you, much less. So if we have to

[09:09] summarize to more or less wrap up the video, if you started out with a silver spoon in your mouth, if you started with greater possibilities than the rest, don't Latin American society, or Argentinians in

[09:21] general, constantly make those who have money, those privileged position, feel guilty. That's your situation. You were lucky when the cards were dealt . You might have really good cards, but if you're lazy, if you

[09:34] don't put in the effort, if you don't want to win, even if you have the best cards in the world, you'll still end up going to the deck. The same applies to the other situation: you start in a do, guys. We were born into this world, we were born with this rule of the game.

[09:47] n't like the rules, we have to adapt, okay, these are the rules from scratch and things go well and you succeed and keep pushing differently, because we've seen in a capitalist society that having capital

[10:01] work for you is the best thing that can happen to you. So earn a lot of money, little, especially at the beginning. So anyway, short video, I hope you liked it, give it a like, subscribe and comment as always, I don't know, a tree,

[10:13] comment as always, I don't know, a tree, a dolphin, the usual. Co?