RetireJapan

There is a new show on netflix, and I think it is a pretty good watch. These families all have huge debts,and he helps them get out of if. I won't say which family blows my mind, but when you drive a Ferrari, pull in 25 grand a month and you tell everyone you can't live and are in debt. I wonder! Can I feel any sympathy for them or even empathy? Anyway, the show is pretty easy to watch, pretty generic problems, very american. Especially when it comes to bank accounts, credit cards, student loans, and debt.
So if you have netflix,give it a browse and share your thoughts. I haven't gotten to the end yet, but I'm looking forward to seeing how a couple families sort out their financial mess. One thing they bring up is how money is often the cause of strife in their relationships. ( i guess we've all been there).I am partically interested in the stay at home father, his wife, and his situation.

I've been watching too. I've been a big fan of his podcast "I Will Teach You To Be Rich" , which features more "normal" people than the TV show, and digs a little deeper (I always thought a similar podcast for gaijins in Japan might be a good idea, hint hint RJ!). Some of the guests on the Netflix show are WAY over the top, but I guess that's TV for you. But yeah, entertaining.

I have to agree. Some of this has to be for pure TV purposes. The women with the Ferrari and struggling is someone in my opinion craves the attention, and really isn’t struggling. Probably there for the shock factor.
The black couple, I have a little more sympathy for, but again, I wonder if they suffer from the idea that to be rich you need 10 bank accounts and umpteen saving accounts.

I notice that these kinds of shows never seem to have the big standard sales clerk, teacher or nurse. It’s always someone who earns about 100,000 a year and pleads poverty when they are suffering from salary/spending inflation. The more they earn suddenly they need more shit! And I really do mean shit!

I do feel sorry for the gymnastic. I haven’t seen everything yet the HOA thing, surprised me. I guess it’s similar to the building management here or the factoring system in the UK. She thought she was doing the right thing, and followed what everyone else says in the world of finance.
The white couple, are interesting. The wife really controls everything, and hides the family accounts, and guy as a house husband really has no control over anything. In fact, if the roles were reversed, we could say this was financial control and possibly even financial abuse. The bread winner controls everything and doesn’t let the partner have any money without coming to them. Kind feels over controlling. But again they certainly aren’t your average Bob the builder, or Helen the hairdresser.

Btw is it just me, but it seems the latest buzz word in all the financial press, tv shows, YouTube is “side hustle”? It’s as though it’s a sweeter way of saying “work” which kinda turns people off earning more, whereas the wordage “side hustle” invokes an sense of being smart, cocky, clever, or dodging something because it a”hustle . I’ve especially noticed it on the YouTube world. Part time work doesn’t nudge people in that direction but just by changing the word to nudge suddenly they see the light. But the reality is, it’s work!

mighty58 wrote: ↑Wed Apr 19, 2023 10:40 pm (I always thought a similar podcast for gaijins in Japan might be a good idea, hint hint RJ!)

DEFINITELY sounds fun and interesting. I'm really enjoying RJTV, so branching out with different shows definitely seems like it might happen

Bubblegun wrote: ↑Thu Apr 20, 2023 4:21 am Btw is it just me, but it seems the latest buzz word in all the financial press, tv shows, YouTube is “side hustle”? It’s as though it’s a sweeter way of saying “work” which kinda turns people off earning more, whereas the wordage “side hustle” invokes an sense of being smart, cocky, clever, or dodging something because it a”hustle.

For me, working part-time for someone else wouldn't come under 'side hustle' (but I understand a lot of people use it that way). For me a side hustle would be a business you created, either freelance work or creating products.

RetireJapan wrote: ↑Thu Apr 20, 2023 4:46 am

Bubblegun wrote: ↑Thu Apr 20, 2023 4:21 am Btw is it just me, but it seems the latest buzzword in all the financial press, tv shows, YouTube is “side hustle”? It’s as though it’s a sweeter way of saying “work” which kinda turns people off earning more, whereas the wordage “side hustle” invokes a sense of being smart, cocky, clever, or dodging something because it is a "hustle".

For me, working part-time for someone else wouldn't come under 'side hustle' (but I understand a lot of people use it that way). For me a side hustle would be a business you created, either freelance work or creating products.

I have to agree. For it to be a hustle for me..... it would have to involve some element of interest or fun. Some emotional return on the investment in time and energy! However, I chatted with some people I know and the one thing that constantly comes up about these "side hustles" is, if it is part of their hobby or interests, they don't want to turn it into a side hustle because it loses the fun, hobby element, and then it turns into the daily trudge of work. I noticed it with photographers and artists. I think the money is the bonus, not the reason for doing it. But if I use the skills that I have in my work, then I guess it just becomes another part of the work.
I'm going to see how the show is tonight.
(Omg, I sometimes wonder if this is a financial show or some kind of social commentary show.) Still it had salient points.

Just finished watching it.
The style reminded me a bit of other before/after improvement shows, like Queer Eye. (A tried and trusted format, I guess)

Shouldn't be too much to learn from anyone reads this forum, but entertaining all the same.

Watched the first one last night! I like Ramit, so it was easy watching. Always amazed at the people they find though

beanhead wrote: ↑Sun Apr 23, 2023 1:29 am Just finished watching it.
The style reminded me a bit of other before/after improvement shows, like Queer Eye. (A tried and trusted format, I guess)

Shouldn't be too much to learn from anyone who reads this forum, but entertaining all the same.

Yes, I have to agree. I think if you're into these forums and money management, there's not much to learn. Although I do like his idea that it's okay to spend a little when you get a windfall and to put the rest to other priorities. Certainly some very interesting families. One thing we can all learn from this show is the sheer number of credit cards people think they need, how they think their credit rating is so important or how wage inflation only allowed some silly people to have DEBT inflation too. I'll point to the Tesla, Ferrari, He is right when he said that couples argue about money a lot and the importance of talking together. In some ways, I prefer him rather than Dave Ramsey.

RetireJapan wrote: ↑Sun Apr 23, 2023 10:20 am Watched the first one last night! I like Ramit, so it was easy to watch. Always amazed at the people they find though

I finished the show and......Oh yes! Some very interesting people. I did like the couple who had the storage unit and the Amazon addiction. They seemed such a nice couple, and I felt that I could identify with them the most in terms of their earnings.

Just to piggy back on this....
I saw this show on Netflix called The Minimalists:

https://www.netflix.com/jp-en/title/81074662

Their website:

https://www.theminimalists.com/

It really made me think about all the crap I have in my house and how unnecessary most of it is.
I am reassessing my future bearing in mind the ideas I heard in this documentary.
It's connected to savings and wellbeing, in the sense of "Why I am even saving up for this item I probably don't even need?".

I'm not going to become a monk or anything, but yeah, it's worth the watch!