since i was a kid i have ot lived pay check to paycheck, every one of my friends lives that way, everyone living like that is a loser with no mental ability at all
It's funny to see people running off to go buy a home because the "prices are at an all time low". Most of these people don't realize that the recession is not over and buying a house will only complicate there lifes. Inflation is skyrocketing, gas prices are high and workers wages are lower today. I swear, people are emotionally stupid when it comes to buying homes. Btw, when i sayabout "most of these people" i'm reffering to the individuals who aren't financially sound to be owning a home.
I agree where its stupid decessions. Yet to say that the low income guy can just jump to his paycheck lvl that easy is total bullshit. Or that everyone is going to have straight A's is another bullshit Idea. (Tom leykis one day all the losers are gonna hang asswholes like you who try to bullshit justify this fucked up system) No wonder he gets the girls hes a personified asswhole.
I think credit card companies & banks are just as much to blame for making loans & services availble to people they knew were not going to be as solvent. I presonaly was againstany form of bail-out all together,all the incompetant people & banks should have failed, but if a bail-out had to take place, it should have been given directly to the consumers who were behind on their mortgage payments so their mortgages would be paid off & banks getting their money as well.
if people are not going to do their calculations then it is their fault, The people who sit there smiling at the mortgage advisor on the day of taking it out. They sat all happy with their new girlfriend or wife, and never did their calculations. ME = mortgage free !!! THEM - TOUGH !!!
@seerymseery --See this is where I disagree with you, I feel the banks are just as to balme as the consumers for making these loans out to customers WHOM THEY KNEW where not going to be able to pay thier mortgages just to keep the housing bubble going. You feel it is only the consumers fault & they are to blame for this economic crisis while the banks are inocent & deserve all the bail-out they need. I feel it goes both ways & niether of them should have been bailed out! If anything j
@seerymseery ---If anything just the mortgages themselves should have been bailed out so the economy would have kept functionaing. But they should have let everyone including the banks themselves to fail, we need real economies based on production 7 export & not based on import & consumption.
true people need 2 spend less & save more & have emergency cash-or hell since robert kiosaki calls Cash trash-Buy Gold & Silver with that cash so they can have real cash, but why is it that banks & institutions who made loans to people that they knew were not going to be able to pay them back-why is it that they deserve a bail-out and the consumers don't. There was predatory lending taking place as the bubble was getting bigger, so I think it works both ways, he shoudn't just blame one group.
@insertanyonesname Yep. That is why third world countries are third world countries usually, because the people who live in those countries are morons.
I mite loose my job and loose my house but i spend most my time saving up just in case... So i can acually live for years with out my house anyhow.. but i was tring to pay it off right of the batt... interesting thing is if i loose my house i can probably buy one in cash hahahah
He's 100% correct here... I was irresponsible and made all the mistakes he's talking about. It's embarrassing.... Car Repo, Credit Cards, Tax Debts, No Savings, No Health Ins....
I really wish I would've listened to this message 2-3 years ago.
I do agree with Tom about going to school and getting a skill. Blue collar jobs are in big demand. Problem is all the good jobs all went to China or Mexico. Cheap labor. I live in Arizona and the company I work for always gave us a raise every year. Then we got all these damm illegals and we haven't gotten a raise or if we did it was 50 cents more. the illegals make $6.90 an hour. Arizona pays crap and electricty keeps going up and salaries don't keep up. It happens in other states. Damm mexico
Leykis is right in one sense ,that people should learn new skills,however if everybody had degrees or diplomas it still would not mean everybody would get wealthy.Leykis does not mention multi-national companies outsourcing American jobs and controlling oil prices.
I'm amazed at how many people aren't able to live within their means. If you got less money, buy less crap. Simple instructions which are hard for people to actually do.
im not lazy, unmotivated, i dont have a girlfriend to impregnate, etc and I live paycheck to paycheck. i try to save money then something comes up and i gotta spend that shit.
ultimately it is the moron's fault. however if we revamped public schooling to focus on education more, we would have a more inteligent public. of coarse it would be harder to seperate idiots from their money that way.
a credit card is a good thing to have as long as you pay off yout balance in full each month. Its pretty much the only way to boost your credit score.
I've read that many Okies who lost their power from the recent ice storm have run out of money for staying in motel rooms and eating in cheap restaurants -- after only a week! They should have followed Tom's example and hoarded money for emergencies.
I work in the motel business, and I see guys all the time who tell me they have no savings yet they want to spend whatever pocket change and cash from their latest paychecks they can scrape together to rent a cabin to shag their girlfriends. They clearly need to put that money in the bank and stick to Leykis 101's $40 rule.
Leykis could have mentioned another excellent reason to have plenty of money on hand: To escape from a natural disaster, like Hurricane Katrina or the recent fires in Southern California. That way you can rent a decent room and buy meals out of harm's way and not have to take refuge in a sports stadium with your community's defectives.
"Why do people live paycheck to paycheck?" Well, it might have something to do with runaway inflation due to idiots wasting their tax money. Do you realize that Brazil, the UK, Australia, Russia, and MANY other countries are effectively blowing the pants off our economy? They are thriving while the dollar rots away. As for putting money away (in a bank). Stupid idea. That 2002 $ is now worth 65c.
This really spoke to me. I've tried different get rich quick systems over the last 10 years that left me practically a pauper. Only after implementing DISCIPLINE and then saving and paying off debt did I really turn the corner. Great fundamental stuff.
wow not a single dislike with over 10,000 view
gedevega 3 months ago
I am a part time sales rep and most families NEVER can afford what I have...They blame the prices and do not even look at themselves.
larmando22 5 months ago in playlist More videos from theMediaFork
since i was a kid i have ot lived pay check to paycheck, every one of my friends lives that way, everyone living like that is a loser with no mental ability at all
thisgame2 8 months ago
It's funny to see people running off to go buy a home because the "prices are at an all time low". Most of these people don't realize that the recession is not over and buying a house will only complicate there lifes. Inflation is skyrocketing, gas prices are high and workers wages are lower today. I swear, people are emotionally stupid when it comes to buying homes. Btw, when i sayabout "most of these people" i'm reffering to the individuals who aren't financially sound to be owning a home.
LastLaugh22 9 months ago
i have relatives that live exactly like this. fucking morons.
MrPatron79 1 year ago 4
I agree where its stupid decessions. Yet to say that the low income guy can just jump to his paycheck lvl that easy is total bullshit. Or that everyone is going to have straight A's is another bullshit Idea. (Tom leykis one day all the losers are gonna hang asswholes like you who try to bullshit justify this fucked up system) No wonder he gets the girls hes a personified asswhole.
AnarchistActivist 1 year ago
We should have this information taught in the schools. Too many people get into trouble they could have avoided.
BUT if they knew this already, then they got what they deserved...unfortunately
insertanyonesname 1 year ago
I think credit card companies & banks are just as much to blame for making loans & services availble to people they knew were not going to be as solvent. I presonaly was againstany form of bail-out all together,all the incompetant people & banks should have failed, but if a bail-out had to take place, it should have been given directly to the consumers who were behind on their mortgage payments so their mortgages would be paid off & banks getting their money as well.
mrshutter77 1 year ago
if people are not going to do their calculations then it is their fault, The people who sit there smiling at the mortgage advisor on the day of taking it out. They sat all happy with their new girlfriend or wife, and never did their calculations. ME = mortgage free !!! THEM - TOUGH !!!
seerymseery 1 year ago
@seerymseery --See this is where I disagree with you, I feel the banks are just as to balme as the consumers for making these loans out to customers WHOM THEY KNEW where not going to be able to pay thier mortgages just to keep the housing bubble going. You feel it is only the consumers fault & they are to blame for this economic crisis while the banks are inocent & deserve all the bail-out they need. I feel it goes both ways & niether of them should have been bailed out! If anything j
mrshutter77 1 year ago
@seerymseery ---If anything just the mortgages themselves should have been bailed out so the economy would have kept functionaing. But they should have let everyone including the banks themselves to fail, we need real economies based on production 7 export & not based on import & consumption.
mrshutter77 1 year ago
true people need 2 spend less & save more & have emergency cash-or hell since robert kiosaki calls Cash trash-Buy Gold & Silver with that cash so they can have real cash, but why is it that banks & institutions who made loans to people that they knew were not going to be able to pay them back-why is it that they deserve a bail-out and the consumers don't. There was predatory lending taking place as the bubble was getting bigger, so I think it works both ways, he shoudn't just blame one group.
mrshutter77 1 year ago
This is like the Dukes quote "Life's harder if you're stupid." Morons getting into trouble they could have avoided. Sheeze.
insertanyonesname 2 years ago 2
@insertanyonesname Yep. That is why third world countries are third world countries usually, because the people who live in those countries are morons.
cidseven 1 year ago
Tom is absolutely right.
hooliganism49 2 years ago
I wish I HAD a house to lose. A lot of these guys w/ APR loans have the option of renting a cheap apartment and saving money.
MishuTaste 2 years ago 3
I mite loose my job and loose my house but i spend most my time saving up just in case... So i can acually live for years with out my house anyhow.. but i was tring to pay it off right of the batt... interesting thing is if i loose my house i can probably buy one in cash hahahah
this is a good speech
projectjwoo 2 years ago
He's 100% correct here... I was irresponsible and made all the mistakes he's talking about. It's embarrassing.... Car Repo, Credit Cards, Tax Debts, No Savings, No Health Ins....
I really wish I would've listened to this message 2-3 years ago.
thomasorchard 3 years ago
YES
felixmendelssohn 3 years ago 2
When I see you at the grocery store going, "boop, boop, boop!"
I know you're story pal, you don't need to tell me. You knocked-up your girlfriend in high school.
WishesNetwork 3 years ago 4
I do agree with Tom about going to school and getting a skill. Blue collar jobs are in big demand. Problem is all the good jobs all went to China or Mexico. Cheap labor. I live in Arizona and the company I work for always gave us a raise every year. Then we got all these damm illegals and we haven't gotten a raise or if we did it was 50 cents more. the illegals make $6.90 an hour. Arizona pays crap and electricty keeps going up and salaries don't keep up. It happens in other states. Damm mexico
char675 3 years ago
Leykis is right in one sense ,that people should learn new skills,however if everybody had degrees or diplomas it still would not mean everybody would get wealthy.Leykis does not mention multi-national companies outsourcing American jobs and controlling oil prices.
joeycusack80 3 years ago 3
I'm amazed at how many people aren't able to live within their means. If you got less money, buy less crap. Simple instructions which are hard for people to actually do.
TomLeykisClips 3 years ago 19
Agreed 110% Percent.
WishesNetwork 3 years ago 2
Vote Leykis for vice president and watch the economy boom
thedoorsbiggestfan 3 years ago 21
i would maybe if he were running
pyramidhead138 3 years ago
Ed McMahon should have taken Tom's advice.
dodgecoupe1935 3 years ago
im not lazy, unmotivated, i dont have a girlfriend to impregnate, etc and I live paycheck to paycheck. i try to save money then something comes up and i gotta spend that shit.
pyramidhead138 3 years ago
Then stop working a minimum wage job.
RavenBlackblade 3 years ago 3
oh i make a little over $14 an hour, and ive been buying CDs from the bank. i dont make min wage
pyramidhead138 3 years ago
too quick to speak.
JinXuanJun 3 years ago
anything under 20$ an hour is under minimum wage
mnypwrrspkt 2 years ago
ultimately it is the moron's fault. however if we revamped public schooling to focus on education more, we would have a more inteligent public. of coarse it would be harder to seperate idiots from their money that way.
greycloud24 3 years ago
wanna avoid credit card debt? the answer is simple, dont get a card! i learned the hard way!
pyramidhead138 3 years ago 3
a credit card is a good thing to have as long as you pay off yout balance in full each month. Its pretty much the only way to boost your credit score.
JRcrash88 3 years ago
wrong, their too tempting, i can be a spendaholic sometimes. its better that i dont have one.
pyramidhead138 3 years ago
Well, if thats the case you probably shouldn't have one. Building good credit is important though.
JRcrash88 3 years ago
Damn, I'm hearing your shows for the first time. This is awesome, everything you're saying so far is really true. Great shows, thanks.
koonkicker 3 years ago
I would only keep 3 to 6 months gross pay in the bank. The rest would go in money market accounts, stocks, and bonds.
I wouldn't keep large amounts of money at home, if someone breaks into your house and steals the money you have hidden, you're out of luck.
dodgecoupe1935 3 years ago
Why put all money in the bank so the IRS can take your money and the gov't freezes your account. It's best to keep money in a safe.
allardman409 3 years ago
wrong, when you put money in the bank and keep it in there dont touch it, you earn extra money called interest
pyramidhead138 3 years ago 2
I couldn't agree more. Put money in the bank!
dodgecoupe1935 3 years ago
I don't do banks, I have better luck keeping my cash in private safes, or hidden compartments.
allardman409 3 years ago
but if you do that it wont draw interest
pyramidhead138 3 years ago
i like that40'00bucks bit
rodela7 4 years ago
Listen to this boys. It's the truth.
unclekenta 4 years ago
I've read that many Okies who lost their power from the recent ice storm have run out of money for staying in motel rooms and eating in cheap restaurants -- after only a week! They should have followed Tom's example and hoarded money for emergencies.
advancedatheist 4 years ago
I work in the motel business, and I see guys all the time who tell me they have no savings yet they want to spend whatever pocket change and cash from their latest paychecks they can scrape together to rent a cabin to shag their girlfriends. They clearly need to put that money in the bank and stick to Leykis 101's $40 rule.
advancedatheist 4 years ago
Leykis could have mentioned another excellent reason to have plenty of money on hand: To escape from a natural disaster, like Hurricane Katrina or the recent fires in Southern California. That way you can rent a decent room and buy meals out of harm's way and not have to take refuge in a sports stadium with your community's defectives.
advancedatheist 4 years ago
"Why do people live paycheck to paycheck?" Well, it might have something to do with runaway inflation due to idiots wasting their tax money. Do you realize that Brazil, the UK, Australia, Russia, and MANY other countries are effectively blowing the pants off our economy? They are thriving while the dollar rots away. As for putting money away (in a bank). Stupid idea. That 2002 $ is now worth 65c.
mre2u2 4 years ago
This really spoke to me. I've tried different get rich quick systems over the last 10 years that left me practically a pauper. Only after implementing DISCIPLINE and then saving and paying off debt did I really turn the corner. Great fundamental stuff.
ristobenjie 4 years ago 5
absolutely right
cheetahboom 4 years ago 3