0:00 Is a 100K a year still rich? >> No, not anymore. >> Well, depends on how many dependents. >> Where do you live, exactly? >> How Yeah, if it's just by yourself. >> remember how like that was like the goal, the thing? >> clear answer is no. The clear answer is no because now like the the nationwide average it's like the medium income is like 100 grand for a household or whatever. >> For a household? I don't know about that. >> that's like combined incomes. >> By By definition that's like middle class, not rich, you're just upper class. >> A single person's salary or or like income for a year, a single person. >> Oh, median income and middle class is actually different. So, middle class lifestyle it depends on the quality of life and what you can afford and whatever and it's actually in the like it's really high, but it's a small percentage, which is ████ weird, right? Cuz you think middle class means median quality of life, but median
0:50 income is like 40K for the nation. >> So, 100K is rich. >> Huh? >> Yeah, I think if you're responsible with it, that's >> you're responsible with it, that's pretty rich. That's >> Yeah. >> Well, that's >> That's 100K in Alabama is different from 100K in LA. >> Yeah, exactly. >> the difference. >> Or Pahrump, Nevada. >> True. Yeah. >> 100 K in LA is really nothing now. Plus the sales tax just went up again. >> Yeah, in LA that's pretty rough. >> You're barely making it. >> It also doesn't have the same ring as it did before. >> Yeah. >> Back then you land like a 100K job, you're like, "F███, I'm ████ set. I'll be going on all the vacations I want, buy almost anything I want." And in certain places it's like you're ████ scraping by. >> And that was 100K in LA when we were we're we're like >> In college everyone was like, "I'm going to get a 100K job." >> What the ████ Six figures, that's crazy. >> But that was like that worked out nice if you were let's say you weren't you
1:40 weren't married, you were an artist, you had roommates, you just had fun all the time. That was that went a long ass way back then. >> Then that 100K is like 300K. >> Yeah, exactly. >> If you're living with your homies and stuff. >> Not if you're having to pay for when your ████ drywall is breaking and ████ and cracks in your driveway, like that type of life is different. >> you're single and not a dependent anything, you get taxed the ████ out. So, you're not going to you're still not making that much. >> Yeah, you're making like 60 or 70. >> Yeah, and that's still going to be like, "Oh, I'm barely making it." You know what I mean? Realistically. >> for inflation, the way that we were like so like, "Yo, six figures." back then, what is that now? >> I think it's like 300. >> It could be 250. >> 300? I think the way we viewed 100 when we're like like let's say when we're in high school, right? The reason why you do these jobs X Y and Z is because pharmacist makes 100 grand or whatever. I think that lifestyle, I think you need
2:30 like 300. >> I feel like 150, dude. Am I crazy? >> Really? >> Yeah, I think one Well, I'm I think to live >> Adjusted for Adjusted for inflation. >> Yeah, maybe not. I mean I I I just thinking about living in Vegas, though. 150, you're probably doing pretty well. >> Well, I guess from cuz my only reference of that is when I was living in LA. So, in LA, like if you hear about 100k income and the type of lives that people had, they were able to buy a house, they had two cars, you know, and then that was like the dream, right? But then um I mean, I don't know. Can you even buy a house on 100k anymore? >> ████ no. >> No, cuz you got to save up at least 200k. >> Bro, you'd be smoked. >> Cuz I'm thinking like 100k, how far did it go in 2005? >> Cold. >> How How much do you need for 2026 to stretch that far? >> And yeah, it also depends on if you're the kind of person that gets all your ducks in line. Like just having proper
3:20 health insurance takes a giant chunk out of that ████ >> Yeah, true. >> But like back when I think like in 0 2009, I think it was the first time I made 100,000 and I felt like I had too much money. >> [laughter] >> I was like, "This s███'s just appearing in my account. I can't ████ spend it fast enough." But then that's because I didn't I wasn't responsible. I didn't have insurance of any kind. I didn't have life insurance. I didn't have any type of like I guess like uh responsible adult thing. All I had was like, "What do I want to eat?" >> Just pure money. >> Yeah, "What do I want to eat?" I was My rent was like 400 bucks or some ████ Like that was crazy. But today it's like now that you know what you need to like have a proper life, dude, it's expensive. >> Yeah, I mean 400 bucks to like live somewhere is so insane compared to like 4,000 on average nowadays. >> Cuz I was living in that the Costa Mesa house, my rent was $400. >> Yeah, I remember that. >> Can you even rent a room now for $400 in
4:12 LA? >> Oh, in LA? I don't think so. >> Maybe you rent a room, but you have to be sleep you have to be sleeping standing in the corner. >> [laughter] >> Like a conehead? >> Old reference. >> That is a old ass reference. >> Remember how they slept? [laughter] >> How do you remember that? That's crazy. >> Cuz my dad was renting a room in his house in Almani, which is in the ghetto, for like 600 bucks a room. And this was like 2015. >> Damn, your dad still got it? >> No, he's not around. >> Oh, he's not. ████ my fault. >> [laughter] >> He was going to move in. No, so it's got to be at least a thousand a room now. >> I'm going to move in real quick. >> It's got to be like a thousand a room now. >> ████ car insurance, all that ████ all together is so crazy, man. >> And back in like the early 2000s when you thought about a million dollar house, you think of something that looks like the White House. That's ████ columns, you know, like like Richie
5:02 Rich. >> Fresh Prince. >> Now you go to LA, a million dollar million dollars can't even buy you a house. >> Bro, a million dollars in Skid Row. That's that's your property, a ████ sidewalk. >> It's a shack. >> Well, it's also dependent on how much you you're comfortable with leaving aside. You know, like some people don't they freak out when they have like less than a certain amount. But like back in the day I didn't even give a ████ dude. I was like as long as I ain't zero. But then now it's like, oh, you have to like plot out your future and be like, okay, how long can I last if I just have no work for like five years? >> I mean, that's the thing, isn't it, right? >> Isn't that the question? Isn't that the thing is 55% of Americans can't afford a thousand dollar emergency? >> Like one thousand dollar surprise and they're wiped out is crazy. That was me back in the day. >> Tell me with a ████ golf swing. >> Oh, yeah. >> That's like half the people in LA right now. Asking for a dollar, they can't do it. >> They're like two paychecks away from
5:52 absolutely >> paychecks away from ruin. >> Yeah. >> That's normal. >> It's crazy how fast that change because I know even the money that's sitting in my bank account right now, a couple years ago if I looked at that I'd be like, "Yo, I'm killing it." I look at this ████ now I'm like, "Oh my god, I'm barely going to last." >> [laughter] >> That's true. >> Big boy bills changes it. >> Once you have a couple surprises, you realize that ████ can come at any time. >> I'm ████ getting surprised every month, bro. I don't know how I make it. >> Like your car? >> Yeah, like yesterday my ████ car coolant leaked everywhere. >> Now you got to rent the car. >> Yep. Thank god I have credit card points. >> The days of switching wheels just cuz is over. >> Ah, except except except except Bart. Look at Bart. He's like, "I just bought mine like whatever I wanted." >> But even that ████ he has it budgeted down. He's not just He's not wildly doing it.
6:42 >> like Jill just needed ████ uh uh what is it called? All her ████ tires changed cuz like you know you're supposed to change your tires every 5 years or whatever and I was like, "Oh ████ you are?" I'm like, "Damn, is this Are they trying to ████ shiest me?" >> 2,000 bucks so >> I asked Claude and ChatGPT, "Yeah, you're supposed to." I'm like, "God damn." And yeah, it turned out to be like 1,500 or whatever. >> Jesus. >> He was getting tires changed right now for 1,400 bucks and I was like, "Oh my god." And that's the deal. That was the deal. >> Well, you know one thing leads to another so you get your tires changed and balanced and mounted and you can't just have four tires without alignment. Cuz you're going to have uneven wear so that's 250 for the alignment. It's just like this this this this this and you're like, "Damn, ████ big boy expenses are crazy." >> But that's why they're saying like it's it's hard to have like a single income household anymore because to get to closer that 100K number you need dual.
7:34 If 40K is the median income then and you have both making like 80 to 90 and then it's like that makes more sense, right? But then if one of them don't work, it's like how is someone going to afford a living with 40k a year? >> And then that's also the catch-22 where it's like, okay, you have to have dual income, but then you also want a kid. So that means both people have to work to afford the daycare for the kid. >> Oh. >> You know what I mean? Versus like well so the caretaker could have originally someone could have just stayed home and be the caretaker, but in order to make it both people have to work so the caretaker is working to afford another caretaker. Yeah, it's crazy, man. >> At a certain point I looked at all these guys doing fraud and I was like, hey man, I ████ get it. >> [laughter] >> Yeah, hell yeah, dude. >> Way more people get it than not. >> I get it too. >> People get it, but they also get that
8:24 there's consequences and they're afraid of it. >> Yeah, they're going to get their consequences, but the money they got I bet you I bet you shoved in the ████ dirt somewhere. >> Yeah. I'm just saying way more people fear the consequences than they the immorality of it. >> Mhm. >> Because it's just too ████ difficult. >> But I still value like being able to sleep at night and not have to worry about nothing like that. >> With my mentality now these days I'm going to be like, babe I got us two mil. She's like, how? Don't worry about it, right? >> [laughter] >> Yo, two mil? >> [laughter] >> That's how how many licks is that? >> I think the dick is gone, dude. >> I was trying to sound all cool and ████ but you made it sound very gay, Joe. But look, [laughter] I'm just saying, right? If I had to do it and I said I looked at myself and I said if I have to serve some time and over there >> [laughter]
9:14 >> but we got a couple >> Don't worry about it. It's like a bank heist. Nah, dude, you suck some dick, bro. >> Hey, but we got we got a mil somewhere in the hood. >> Hey, context is Subi has a magical ability where every single time he licks a dick he gets 50 bucks. >> Hey, I if I can take time >> Think of it like a genie's dick. >> $50 >> for each lick. >> You got two mil. >> Ooh, $50 too cheap. Don't do that. >> No, that's what we did in the last video. >> No, but okay. >> That's That's your hat. >> $50 in Vegas, 300 in LA. A lick. >> [snorts] >> Inflation. State inflation. >> Yeah, we're in this video. We're in this video right now. >> Oh, yeah, yeah, yeah, yeah, you're right, you're right, you're right. >> State inflation. >> Yeah, you can't teleport videos. >> You can't teleport videos. [laughter] >> It's like you're multiversing right now. >> Oh, back on the last video. >> I'm just [laughter] giving them context of how you got $2 million. >> It's 15 minutes ago. You're teleporting
10:05 videos. >> No, but that's where I'm at. >> Go back to crazy rich Asians. >> [laughter] >> The editing sucked. >> That's where I'm at. >> So, you would do fraud you would you would do fraud if you had the chance? >> No, absolutely not because I hate ████ doing that ████ But at the same [clears throat] time, I understood why you had to do >> do fraud? >> So, if you had a like a actual >> I would do both you guys. If you actually made friends with like, let's say some Somali homie and he puts you on and he's like, it's mad easy like >> I'm not doing the fraud that's like hot on camera right now. That's bullish. >> Can I tell you a honest truth? >> Yeah. >> This is what I would do. If I had a Somalian homie >> Uh-huh. >> meet me right now and he goes, "This is my fraud." I would go, "Let's make your fraud a little bit more legit." You know what I'm saying? Cuz the problem is when you go to the daycare, there's zero kids. >> Yeah. >> You got to have a couple kids. >> Charge >> I got kids.
10:55 >> Charge the price of 1,000 kids, but if you even have 100, you're still getting the 8 mil a year. And now on camera, you don't look as big of a fraud. It's like when you go to those body mechanic shops, there's zero cars, how are you making like 800 grand a year? Just put four cars in. And it's already not so much of a red flag. >> Wait, so then you would get a share of his profits by helping >> Yeah, I would be like, "Okay, I'll do the joint operation with you." >> He's making it look legit. >> We'll make the fraud a little bit not so fraud. >> Not a capital F. >> So, then that way you're not the you're not the primary culprit when he gets caught. >> when IRS do edits like, "Oh, that's a red flag, that's a red flag. Let's have zero red flags, cuz red flag to here starting here is already illegal. >> You want to know the best way to play that? Do Do what you said, start off all that stuff, set it up to where he finally starts paying you, and then just
11:46 become a ████ informant. >> Oh, then I rat on this guy, but I still get the >> And then you're the only guy that stays out when they all go down. >> That's Omicron. That's gangster. >> That's Omicron. >> Hey, hey, but he still took the dough. >> The dough matter. >> Yeah, when you're an informant, you're protected. >> about that at that point? The bigger dough is getting seized. >> What if you have to do fraud, but you know who the victim is, and it's little old ladies? >> That's tough, man. I can't have victims. No victims. No victims. >> Just never never know that. >> I'm Yeah, run it. Everybody. I don't give a ████ >> Like if you're a scam caller? >> Yeah, exactly. >> Ah, that's That's too scummy. >> Man, we are the IRS. You must pay right now. You have to go to a ████ ATM. >> Stealing from the government and exposing how ████ badly they monitor their own money, I have a half >> Yes. >> like heart for that, because that's our ████ fault. You know what I mean? Yeah, and they're in on it, so it's like a little bit like >> Yeah, you got Pelosis of the world
12:36 already. >> Yeah. Going P2P, like citizen to citizen, is ████ up, yeah. >> Yeah, that's ████ >> What about J to J? >> [laughter] >> All right, real quick. Steve was actually kind of close, okay? So, 100K in 2005, today it's about 170K. But, what makes it Cuz this is where I was just like, man, it just feels like such little 170, right? But, it's because the average home in LA during 2005 was about half a mil. So, now it's way over a mil, right? >> home in LA being half a mil is insane. >> That's why the concept of the math doesn't even work. So, if if your home price went 3x, and then your your income only went 1. >> Well, it's cuz the house value skyrocketed. >> No, I I get that. I'm just saying that's the whole point of like inflation in different categories or industries has
13:27 to even out somewhere. Homes 3x, your to the affordability has to 3x. >> But the supply and demand doesn't work like that. >> No, but like the finance does. So, for example, if you have 100 grand in 2005, you have a 500k home, you go finance that at a loan office, green stamp. You have 170k, you try to finance 1.5, they're like, "We're not going to give you this loan." So, like the real the practicality of it won't work. >> Which is why it's just a funny way to be like, "Oh, yeah, adjusted inflation. 100k salary back then is 170 now." It's like, "Okay, in what life, bro? In what planet >> Does that Yeah, you're paying more for all kinds of ████ It's not practical. >> Cuz it didn't linearly like go up. >> That's why I was saying it's 300 grand. >> Which is why honestly we should just teleport back to >> ████ Nah. >> Or we go to Oklahoma and do that. >> Oh, yeah. $10 for lick.
14:18 >> And a see, bro. [laughter] >> Also, the inflation changes there, too, per state.
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