The Cost Of Being Poor in 2021 - Why Being Rich is Cheaper! El coste de ser pobre en 2021 - ¡Por qué ser rico es más barato! 2021年、貧乏になるためのコスト - なぜ金持ちになる方が安いのか！ 2021년에 가난해지는 비용 - 부자가 되는 것이 더 저렴한 이유!

American billionaires earned $434 billion during the pandemic. アメリカの億万長者はパンデミック時に4340億円を稼ぎました。

It seems like everyone should suffer in one way or another, even billionaires, because 億万長者であっても、誰もが何らかの形で苦しまなければならないような気がしますから。

the entire nation was a lockdown.

But the exact opposite is happening.

Jeff Bezos added 35 billion dollars to his net worth in the last few months since the

pandemic has started and even witnessed his net worth to hit records high a 189 billion パンデミックが始まり、彼の純資産が1890億円という記録的な高水準に達するのを目の当たりにしました。

dollars.

Zuckerburg was also one of the biggest gainers.

He added over 25 billion dollars to his net worth in this pandemic.

These numbers are uncomprehensive to ordinary people.

And that's not by accident.

The modern capitalistic world we have built over the centuries is designed to favor the

rich over the let's say not so fortunate.

It's actually much more expensive to be poor than rich. 実は金持ちより貧乏の方がずっとお金がかかるんです。

It might sound a bit controversial but hear me out because when you have extra money sitting ちょっと物議を醸しそうですが、話を聞いてください。なぜなら、余分なお金があると、座っていることができないからです。

in your bank account, a lot of things suddenly get cheaper. 銀行口座にお金が入ると、いろいろなものが急に安くなるんです。

So before we start, just smash that like button, because apparently, that's what the というわけで、始める前に、「いいね！」ボタンをポチッと押してください。

YouTube algorithm wants. YouTubeのアルゴリズムが欲しい。

And now, since you have smashed that like button, we can get right into the video.

Leverage: the tool that keeps the rich richer

If you have ever tried to get a loan from your local bank, they probably asked to check もしあなたが今までに地元の銀行で融資を受けようとしたことがあれば、おそらく彼らは確認を求めてきたことでしょう。

your credit score.

As a bank, you want to lend money to people who are financially responsible and have the 銀行としては、経済的に責任感のある人にお金を貸したいと思っていますし

means to pay back that loan plus interest on top of that, which is the whole purpose そのローンに利息を上乗せして返済すること、それが本来の目的です。

of a bank.

So they will check your credit history, your income, maybe your assets, and based on all

of that, they will base their decision on whether to give you a mortgage. の、住宅ローンを組むかどうかの判断材料にされます。

If you have a low credit score or low income, you might be rejected and end up renting instead

of becoming a homeowner, even if that means waiting for 25 years for complete ownership. たとえ25年待っても、完全なオーナーになること。

But Let's say you are an amateur with an average salary and with a decent credit score and しかし、仮にあなたが平均的な給料をもらっている素人であり、それなりのクレジットスコアを持っていて

let's say the bank approves your margate. 例えば、銀行があなたのマーゲイトを承認したとしましょう。

You can expect a margate rate of 3 to 4 percent, which is not bad. マーゲート率は3～4％程度と、まずまずの効果が期待できます。

But do you know what Zuckerburg's mortgage rate?

1 percent.

That sounds insane!

The guy has a net worth of 90 billion dollars.

Why on earth would the bank charge him 1 percent and someone who is struggling financially 一体なぜ、銀行は彼に1パーセントを請求し、経済的に苦しんでいる人は

and barely makes ends meet, the bank would charge him like 4 percent. 銀行が4パーセントの手数料を請求するのです。

In fact, the inflation rate is around 2 to 3 percent. 実際、インフレ率は2〜3％程度です。

How is that even possible? そんなのありなの？

It might not make sense to you, but that's how it works. あなたには意味がわからないかもしれませんが、そういうものなのです。

Lending a few million dollars to Zuckerburg isn't risky at all. ザッカーバーグに数百万ドルを貸すことは、まったくリスクはない。

I mean he can pay his mortgage easily at any point he can even buy the bank maybe. つまり、彼はいつでも簡単に住宅ローンを支払うことができ、銀行を買うこともできるかもしれない。

While you who are hardly making your monthly payments can default on your loan, so the

bigger the risk, the more they are going to charge you.

This is, of course, an extreme example. もちろん、これは極端な例です。

Comparing one of the richest people to an average person isn't fair, but even if you

are moderately rich, let's say with a net of just a few million dollars, you are a much は、中程度のお金持ち、例えば数百万円の純資産を持つ人であれば、より多くの人

safer bet to financial institutions than your friend Billy who lives paycheck to paycheck. 金融機関にとっては、給料日前の生活をしているビリーよりも安全な賭けです。

Considering that purchasing a house is the biggest transaction in most people's lives,

your house is going to cost much less if you are rich compared to someone who has a lower あなたの家は、あなたがお金持ちであれば、あなたの家よりずっと安くなります。

income. の収入を得ることができます。

That's just part of the equation. それはあくまで一部です。

Let's say you have 25 thousand dollars.

What are your investment options, if you want to buy a house and rent it out? 家を買って賃貸に出すなら、どんな投資方法があるのでしょうか？

You probably need a lot more. もっとたくさん必要でしょう。

The median house price in the US is around 200K dollars. アメリカの住宅価格の中央値は20万ドル程度です。

It will take you a lifetime to save another 175K dollar. あと17万5千円貯めるには一生かかります。

But if you are rich, with your 25K dollars you can make an investment that worth 200 しかし、もしあなたがお金持ちなら、2万5千円のお金で、200ドルの価値のある投資をすることができます。

thousand dollars, any bank would gladly provide you with a mortgage even if you plan to rent 千ドルであれば、どの銀行でも喜んで住宅ローンを組むでしょう。

it out and pocket the difference after deducing all of your expenses and create another source 経費を差し引いた差額をポケットに入れ、別の源泉を作る。

of cash flow.

The exact same 25K dollars worth a lot more in the hands of a rich person than in a poor 同じ2万5千円でも、お金持ちの手にかかると、貧乏人の手にかかるよりもずっと価値が上がるのです。

person.

Because if you have low income and already have a mortgage, chances that the bank will

approve another mortgage are extremely low.

What's also quite interesting is that since また、非常に興味深いのは、その後

its a mortgage, you can deduct it from your income and avoid paying taxes, while as a その住宅ローンは、所得から控除することができ、税金の支払いを免れることができますが、その一方で、その住宅ローンは、所得から控除することができません。

poor person, you will have to pay every dime in taxes. 貧乏人は、10円でも税金を払えばいい。

Let's say you have 1 million dollars in cash and you want to invest in real estate.

The logical option is to buy a property and then rent it out, but why do that when you 論理的な選択肢は、不動産を購入し、それを賃貸することですが、なぜそんなことをするのでしょうか？

can head to your local bank and use leverage to purchase real estate worth 5 million dollars は、地元の銀行に行って、レバレッジを使って500万円の不動産を購入することができます。

and create even a bigger source of income. と、さらに大きな収入源を作り出します。

Let's say you came across an opportunity to purchase a car for 10 thousand dollars.

You buy the car and turn around and sell it for 11K dollars.

Congrats! おめでとうございます！

You made 1 thousand dollars in profit.

But here is a better idea.

If you use leverage, You can borrow 990K dollars, and now you have 1 million dollars.

You turn around and buy 100 cars and sell them for 1.1 million dollars.

After paying back your bank the 990K dollars plus interest, which amounts to 10K dollars, 銀行に990万円と利息、つまり1万円を返済した後、

and if we deduct your initial 10 thousand dollars you have used, you are left with 90

thousand dollars in profit.

Leverage allows you to earn a hundred times more than you would otherwise. レバレッジを効かせることで、100倍以上の収入を得ることができます。

The hidden tax on the poor

We have already talked about how the rich always find loopholes in tax systems to avoid

paying taxes.

However, there are other kinds of taxes that we all have to pay no matter who you are,

such as sales tax or property taxes.

The latest iPhone might cost $999, but if you are buying it in California, you will

pay a sales tax of %7,75, which will amount to 77.5 USD.

They are known as regressive taxes, a fixed percentage over particular goods or services. 特定の商品やサービスに対して一定の割合をかける、逆進性の高い税金として知られています。

The keyword here is a fixed percentage. ここでキーワードとなるのは、一定の割合です。

At first glance they seem fair, everyone pays the same percentage, but in reality, poor

people pay far more. の人がはるかに多く支払っています。

Regressive taxes don't differentiate rich people from the poor.

It doesn't matter whether you are earning 1 billion dollars or 50 thousand dollars a 10億円稼ごうが、5万円稼ごうが関係ない。

year, both of you are going to pay the exact same 77.5 dollars in taxes. の場合、お二人とも全く同じ77.5ドルの税金を支払うことになります。

To your fellow billionaire, that's not even money, its an extremely small percentage of 億万長者の仲間にとっては、それはお金ですらなく、極めて小さな割合でしかない。

his income (0.0000000775%) but to you who is earning 50K a year, that might be one week

of groceries.

We pay regressive taxes every single day every time we buy something.

The missed opportunity チャンスを逃したこと

But the biggest cost by far is the opportunity cost. しかし、圧倒的に大きなコストは、機会費用です。

When you are struggling financially, your primary concern is to put food on the table.

You don't have time to think and contemplate to figure out what could be the next big thing. 何が次の大物になり得るか、考え、熟考する時間がないのでしょう。

Opportunities are everywhere, but you need the time to figure them out.

However, when you barely make ends meet, you don't even think about it and end up missing しかし、生活費を稼ぐのがやっとだと、何も考えず、結局は見逃してしまう。

all those opportunities to make much more money.

Even if you want to take advantage of them, you can't afford to take time off. 活用したくても、なかなか時間がとれない。

Whereas if you are financially free, you can take all the time you want and end up earning

much more in a very short period.

But this concept goes far beyond.

It turns into a lifestyle where you are much more price-sensitive and end up buying what's

cheaper instead of what's really valuable.

And no one can blame you for that because every penny makes a huge difference in your

lifestyle, especially if you have a family to feed.

It's not easy to break the cycle of poverty, but here are a few pieces of advice I can

give you.

First, always use a credit card, But use it responsibly, which means never borrow more

than what you can pay back and always cover your debts on time.

You have to build a good credit score to be trustworthy in the eyes of financial institutions.

And secondly, don't be distracted by short term rewards.

Focus on making your time more valuable; don't be afraid to invest in yourself.

A higher price doesn't always mean a better product or service but always look for more

value in return for your time and money.

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