Asking Strangers How Much MONEY They Make (Newport Beach)
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- Äas pĆidĂĄn 16. 06. 2024
- In this video, I ask strangers about their net worth, income, finances, investing, and other spicy questions in Newport Beach, California.
Watch until the end as we got a lot of really great advice from people!
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This video was definitely outside of my comfort zone, but I had a ton of fun, I learned a lot, and I hope you guys did too!
If you got some value out of this video, please SHARE it with a friend who could benefit, and also LIKE and subscribe for more videos like this! Interview-style videos make me very uncomfortable because I'm pretty introverted, but everyone knows you get twice the growth when you're doing something outside of your comfort zone!
Thanks for watching, and I hope you have a wonderful rest of your day!
-Charlie
#INTERVIEW #FINANCE #WEALTH
Timeline:
0:00 - Intro
1:02 - Chris
1:43 - Kathy
2:13 - Rachel
2:59 - Isaiah
3:28 - Greg
3:49 - Ashley
4:30 - Mustafa
5:06 - Michael
5:54 - Michael
6:11 - Paul
7:21 - Matt
7:48 - Justin
8:51 - Daniel
9:36 - Frank
10:01 - Richard
10:46 - Conclusion
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!
In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.
âș My Instagram: / charlie__chang
Watch the whole video for a ton of great advice from strangers in Newport Beach, CA! And if you want some free stocks, check out the links in the description :)
Really enjoyed this one, keep them going in different cities so cool!
Do more of these
Yo is that Tyler the Creator at 2:11?
@@danielwilliams7670 na itâs your mother
Whoađł I go to Newport from time to time and each time I go Iâve always asked myself what are people doing there to live there. Seriously! Thank you for having the đ âœïž to ask around.
"Giving while we're living so we're knowing where it's going" love that
imagine beliving in fairytales lol
I agree⊠and Seku Tard, sounds like you are afraid to work hard and believe in yourself. Iâm with Ray Lubin â€ïž
@@jordantobins681 Apologies about my insult I shouldn't have I called your religion a myth or rather.. I shouldn't have criticized has nothing to do with my abundance of ambition. You know nothing about me, get rid of your assumptions.
@@sekutard5157 my assumptions? You mean reading what you wrote and commenting on it? So explain what you meant by âimagine believing in fairytales.â It seems that thereâs not too much wiggle room with interpretation. How about you get rid of your need to criticize other peoplesâ comments. That would be the true fairytale!
@@jordantobins681 I think my comment was pretty self explanatory. If you gain something from believing in religion good on ya. Personally Iâm bitter because religion has been used to excuse foul actions for millennia. But it also gives people plenty of things including hope.
But yeah, get rid of your assumptions you self imposed loser.
You responded to my comment too, donât you think that itâs a bit hypocritical to ask me to get rid of my need to criticize other peopleâs comment when you do the same with mine?
Thereâs little room for interpretation because your mind is small. Iâll make an assumption of my own: you lack perspective.
The 80 years old man is in great shape. God bless his heart.
true
His philosophy is sound as well. We are stewards of the wealth while we are here. Thereâs a limit that you will reach where more money will not improve your life anymore. Thatâs when itâs time to give.
Maybe its because of his positive mind.
"You have to make a lot of money to save a lot of money" - That right there is one of the best bits of advice I have ever heard.
The two real estate investors need an hour interviews each. They have great wealth of information .
Agree.
Facts
Big facts
Agreed
How do they invest in real state? Srry i'm new to this
I love the comments that the 80 year old said! God owns everything, giving is fulfilling! What a blessed man!
God bless âïž
If god owns everything then why does he "own"/control so much. He seems like a nice guy but at the same time accumulating all that wealth so he can control how it's being given is not necessarily the nicest thing in the world. I've met a lot of these lip service entrepreneurs over the years. They are nice but also at the same time often not under the surface.
truly a blessed man - he's the only individual that mentioned God.
The world needs more people like Paul. Very smart and generous.
âYou have to get out of your comfort zone to move ahead in lifeâ
Awesome principle to live by. Love your channel, man. Keep up the great work.
yeah i shouldve learned that earlier
@@thelaxlair6727 how old are you bro
Shout out to Matt - when he answered that the best investment he made was travel and that you shouldn't be afraid to ask for help I knew he was a great and thoughtful guy. Him and Paul are my favorite in this vid
Usually, people with high net worth and income will not reveal their worthâŠ, they are very private.
I really respect this 80 yrs old man.., what a jam!!!
God bless!!!
Paul at 80 looks better then most at 60. Man is living life.
This was very surprising to me. Newport is a vanity filled place, I expected a whole lot of inflated income and net worth numbers, but everyone seemed very honest and humble.
I think it also depends on whose giving the interview, if your genuine and interested in who your talking to it will show on the face as well as there body language in tern will make people comfortable to talk to you.
they can cherry pick too, don't forget. They may have chosen the few humble interviews out of many to skew the opinion of their channel.
@@kabean09 just as there are also plenty of shared-living situations in Newport that weren't included in this either. It's also not a bad thing to share the humble, good advice given rather than spread more vanity just so people who have a stigma over certain locations can get a laugh out of them
That would be mainly Newport Coast, but I wouldn't be surprised if there are nice and caring people there who just happened to take on a successful business. There's people who live in Inglewood who are super vain in my personal experience visiting a relative's friend there.
I lived in Newport Beach for a while in the early 2010s. My family wasn't rich or anything (we lived in an apartment in Big Canyon so my dad's daily commute to the hospital would be less than 30 minutes and my mom could drive to Anaheim), but I did have high school classmates and made friends with some from Newport Coast and the mansion islands off Pacific Coast Highway. Most of these students were surprisingly humble outside of school too. They knew early on it was their parent's wisdom and wealth and the years of effort and risk-taking it took to get there, but never asked for anything that would be obscene and extravagant. From the outside, they seemed like any other teen who just wanted to get HS over with. The ones I'm close with had retail jobs on the weekends and one of them convinced me to apply for a server and hostess job with her at a Mexican restaurant and I'm forever thankful for her.
I appreciate that you show your unsuccessful attempts as well. Shows that generally the worst that happens is being told 'no'. Great content!
Wise words from Paul. Really enjoyed his segment. Bless his heart
Paul has a lot of wisdom.
I love videos like this. Every now and again you find really great insights from random people. The biggest reason more people aren't successful/wealthy is because they don't know how to get there. The most important thing those people need is just someone who is to tell them how.
I love these "ask people on the street" type videos... you did a great job with this one Charlie!
9:58 âThink twice act once.â I love that a lot. âš
Love this content man! Thereâs so much knowledge out there especially from the older generation!
I appreciate how transparent this is! Itâs just beneficial for everyone to be this way.
I was just out in Newport beach for a week and the money that is there is absolutely insane. Talking to home owners in Newport I quickly realized that the majority of them work for themselves and our business owners of some sort. Itâs pretty much impossible to buy a $3 million dollar house when working for someone else. I did fall in love with Newport and if Iâm ever going to call Newport home someday Iâm going to have to work my ass off but also work smarter not harder. Money is a tool to get the experiences you want out of life and I pretty much loved every moment when I was out in Newport. Iâm definitely going to be a business owner someday but ofc donât know what that looks like just yet since building a company is not a linear path to take in life
As someone who works for himself, and did buy a 2 million dollar home, I have to tell you not to do it. They aren't worth it, their value doesn't hold, and they don't easily sell. I sold mine for 2.3 million so I barely recouped the cost after interest, time is money and if your money sits at the same value over time then you are losing to inflation. On the other hand, the apartment building which I borrowed against, only cost me 600k to build in the 90s, I sold it for 1.9 million almost a decade ago to provide some seed funding for my ethical biotech startup, I don't regret the sale, biotech is my passion, molecular genetics has been my life's work, and expanding my stake not only gave me more control over the direction of our company, but has also been highly profitable. On the other hand, the small apartment complex I sold was renovated and they now charge 2.2k a unit, mostly rented by software engineers in their 20s, and even after reducing the number of units down to 30, they are easily pulling in 66k in gross monthly revenue, that is almost 800k annually, meanwhile my stake in my company, despite being evaluated as being worth so much more, is simply a number until I decide to give up control for cash. Real estate truly is the golden investment, and apartment complexes or single family homes are generally the best investments.
This was enlightening ! Thank you so much for this :)
Hey Charlie, thank you for the great content! I like this new interview format videos! Amazingđ
Thanks man!
Totally agree, people need to share more. Finance is seen as negative and parents make their children feel terrible about it
Same as fornicating so đ€ someone had to bump to get here đ
This was great and authentic! Enjoyed this.
Youâre awesome. Bold and always getting the answers we need đ
I really liked the asking for interview rejection clips. Very transparent and interesting! Awesome channel!
You are doing a great job. All videos are helpful. Thank you Charlie.
Bro this video was excellent itâs really informative to hear what just regular people do ..also their financial strategiesđ
Well done, Charlie. This is inspiring. Thank you for putting yourself out there so we can all learn.
I appreciate that! It definitely is hard to go out and ask strangers these types of questions haha
@@CharlieChang fr, please make more vids like this one!! i learned so much
Loved this video and seeing how honest strangers on the street are with regards to their financial circumstances :)
Thank you so much, I really enjoy these interviews.
"giving is more fulfilling than receiving" i love that
This is great, thank you for this informative and very realistic video!
So many gems (people and advice) in this video. Best video on Motivation and Living. Real people doing real things.
Man this honestly a good video. Itâs not like the other quick ones. I like this kind of content a lot.
Without question Paul was my favorite đ€ Sooo genuine & wise. đđœ
This is so kind, that people share their advice about finances with random people
~~âïž*let's discuss Buddy* *Got something interesting for you âïžđ©*~~~
I love Paul ''mindset'' amazing energy!
Great video, amazing to see transparency for those who are curious.
Loved this Charlie keep up the great work!
Fashion!
I grew up in Newport Beach and here is what I do know about the people that live there: most of their wealth is inherited. The families that own homes in the 92657 zip code have inherited their properties from grandparents or parents etc. itâs an old money area.
I love these videos and how they are becoming popular. A lot of ppl think u have to make crazy good money to become financial successful or well off. I totally disagree with that. If u are smart with money and donât over spend, as well as save to make investments in real estate or build long term stock portfolio I donât see why someone making less than 100k couldnât do well for themselves.
Great video, Iâd love to see the same questions being asked in a significantly lower income area, something middle class
It's such a pure pleasure to see boomers being interviewed high time we listen! Thank you :)
Love this keep them coming!
This was a really good video Charlie, you should do more like this.
Thanks Kevin! I'll try and muster up the courage to do more of these :)
Newport has a lot of old money. Many residents had the luck of their parents buying real estate in Newport and surrounding areas in the 50s-70s and had that money handed down. Common theme was real estate investing!
i learned so much, thank you!!
You donât always have to think long term. Investing is as much a tool for shaping your present financial situation as it is for forming your future one. Do you want to buy a BMW next year? Do you want to go on a cruise? Wouldnât a vacation that was paid for with dividends feel nice?
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
I have seen loads of news of Teresa Jensen White on the internet, she must really be that good for she to be talked about in such a way. Is she on CZcams? please how do I reach her
I canât drop her info here, CZcams is a public place. Just do a web lookup using her full name and connect to her official webpage.
Love this, keep them coming!
Great job Charlie! Wonderful topic with informative and helpful advice.
Best advice and philosophy from Paul!!! â„ïž
Love Paul! What a smart & enlightened man!
Productivity is never by luck. It is always the result of a commitment to excellence, intelligent planning, and focused effort. To be able to make a change one will have to do more than the obvious, financial freedom is not always about being rich and having a lot of money. Instead, it is more about having control over your financial present and your financial future
Your approach is correct and shows you have lots of experience, but since everybody wants to become rich overnight most coming to the markets newly donât seek professional advice
Since I lost money in the tech bubble years ago, I've only invested in real estate. But, with the recent surge in home prices I've liquidated a few assets and am sitting on cash. I'd love to hear your recommendations because I'm looking for something profitable in these crazy markets
@@robsonborges1529 Timing the market is impossible. history shows that the market will in the long term have an upward trend, so the worst thing is not investing at all. i have trailed along LISA MICHELLE PACILLAS markets picks and i have accumulated 7btc with her guides
Have you got more information on her services ?
@@robsonborges1529 Lisa Michelle Pacillas can be reached through her webpage, you just have to look her up on the internet
Just came across your your channel and love this video so far!!
Thanks Anthony!
Good job ! I'm glad you did it and you ask people what they do for a living because we all are curious. đđ
6:11 6:45 there is a reason that 80yr old looks so well, he is good on the inside too, what he said about giving back
Loved this video! I think you're on to something... Looking forward to more of these and I'm curious to see the differences in responses that you would get in other areas of the country (NY, DC, Austin, etc etc)
asking employers how jobs work?
@@angelachanelhuang1651 No, asking strangers how much money they make and what they do..
"Hopefully by the time God takes me home" got me smiling. This world is not our home tbh.
LOVE this video concept!!!
You can tell Paul is a good man đ€ very inciteful
Love these interviews!
my Fav video of course! Thank you for the inspiration
đđđđđ........
Hands down one of the best financial videos that I have ever seen. First time I've seen one of your videos. Subscribed ^^
Wow, thanks! Appreciate the follow!
Awesome video man.. I live in costa mesa down the street from where you were at. I am surprised you caught some nice folks lol... a lot of snobby people hangout there! especially in Lido!
Enjoyed this. Thank you.
Hey Charlie
I like your interviews body (cool) learning experience someone out there so helpfully Charlie đ
Thank you
Good job on pushing your comfort zone. Definitely, more challenge then it looks đ
Love these!!!
One of my favorite videos! Keep it up.
Glad you like it!!
Iâm coming back to watch this every morning just for Paul.
Inspiring, thank you.â€
This street financial interview is awesome idea.
All of them have great advice and my fav is the 80-year young gentleman.
This video was well worth it just to hear what Paul had to say. Giving the glory right back to Jesus, and being generous with what he has been blessed with. Amazing!
The 80 year old gentlemen was so awesome. Definitely tips to live by â€
Paul, the 80 year old guy blow my mind đ€Żđ€Żđ€Ż Great advice
Love these videos!
Awesome! Great advice!
Golden! Love this
Great video Charlie! Thank you
đđđđđ........
The 80 year olds gentlemen is my hero đđŸ
Paul was my favorite. Experience talks, but also putting God first.
Such a great video ,you rock bro
This was great! You need to do it again- maybe in a different area
Great video. Hard work is hard!
Loved this! đ
The 80 year old gentleman was such an inspiration
Awesome video, great job!
Love this video!
Blown away by Paulâs answer, giving really is more fulfilling than accumulation
Subscribed, love the content
Giving is more fulfilling than accumulation! Superb
I want Paul to be my grandpa. What a wise and generous soul
Loved it!
The 80 yr old was awesome this video is definitely being sent to my kids
Love this!
here to show my support
Shoutout to Paul! Great response.