Jay, MA, MSc

Father | Husband | MSc Cyberpsychology | MA Forensic Psychology | BA Radio, TV & Film | Researcher | Author | Training & Development | Lean Yellow Belt

[Jay, MA, MSc @RealJayRecher]

Did you hear? Plans as low as $15 and unlimited at $30. No joke. This is the real deal. Only at Mint Mobile https://t.co/WcbFXhLJag

[Jay, MA, MSc @RealJayRecher]

Talk to a licensed CPA first before you do anything. Don’t trust a video podcast

[The Iced Coffee Hour @TheICHpodcast]

Ben Mallah explains you can eliminate your tax bill by borrowing money from the bank and buying tax-free municipal bonds👀

“Basically, by borrowing money from the bank, you eliminate your tax bill if you properly invest it”

“Let's say I own a building. Tomorrow, I go out and I refinance the building and pull a million dollars out of it, right? Fine. I owe the bank another million dollars. That million dollars is going to cost me roughly about 60 grand a year, right?

So now, that 60 grand a year is going to come off of my income that I made that I can write off, right? So the place made 100 grand a year, now it's only going to make 40 grand a year because I'm giving the bank 60 for that million bucks.

So now, I'm going to write off that money and only pay tax on the 40 grand. But what am I going to do with that million? I'm going to put it in tax-free muni bonds at five.

So now I'm going to get paid 50 grand, right? But the 50 grand is non-taxable. It's 50 grand. If I were to make the 60 that I'm giving the bank, I would have had to pay tax on it… 37%”

[Jay, MA, MSc @RealJayRecher]

Grant is bad at math. You can hire three $15 and hour workers and have money left over. It takes a team.

[The Iced Coffee Hour @TheICHpodcast]

Grant Cardone reveals how to make $32,000/month through social media management

Grant: "I'm gonna handle your LinkedIn.

Client: "Oh, we got that handled."

Grant: "I'm gonna handle your Instagram, I'm gonna handle your TikTok, I'm gonna handle your YouTube, I'm gonna handle your Shorts, I'm gonna handle your long content, I'm gonna get you a podcast."

Client: "How much is that gonna cost me?"

Grant: "$8,000 bucks a month. I'll handle all of it. I'll handle your responses, your comments, I'll make sure everything's linked up back to your website. You can't hire an employee in this country for $8,000 a month. And even if you did, you'd have to train them, you don't have to train me. I start today."

[Jay, MA, MSc @RealJayRecher]

Want to learn about financial topics that should have been taught in school? Check out The Missing Class: Why Your Credit Score Is Actually a Lie
https://t.co/mG425dKYZX

The first video is on why your credit score is a joke and a lie

[Jay, MA, MSc @RealJayRecher]

I hope you mean that as an oversight in normal education. For a YouTube channel that gives you financial advice about the classes that should have been taught: Stop Putting Money in Your 401k (Until You See This)
https://t.co/qYKeC2zTKD

[David Gamón @davidasesorbm]

El hombre más rico de China, Jack Ma, dijo: Si pones los plátanos y el dinero frente a los monos, los monos elegirán los plátanos, porque los monos no saben que el dinero puede comprar muchos plátanos.

De hecho, si ofreces trabajo y negocio a las personas, elegirán trabajar, porque la mayoría de las personas no saben que un negocio puede generar más dinero que un salario.
Una de las razones por las que los pobres son pobres es porque los pobres no están entrenados para reconocer la oportunidad emprendedora.
Pasan mucho tiempo en la escuela y lo que aprenden en la escuela es trabajar por un salario en lugar de trabajar para sí mismos.

La ganancia es mejor que los salarios porque los salarios pueden mantenerte, pero las ganancias pueden hacerte una fortuna.
Si no aprendes a reconocer las oportunidades, seguirás eligiendo el camino seguro en lugar del rentable.

[Jay, MA, MSc @RealJayRecher]

The problem is a billionaire talking down to people with less. Living paycheck to paycheck. Telling them what’s wrong when he doesn’t seem to understand what it means to struggle

[Kevin - Classical Liberal 🇺🇸 @gov_fails]

Gen X here...

I've worked hard for 30 years to get where I am. I make good money, and I've earned it.

I can afford a $28 lunch, but choose not to spend that much most of the time because it feels frivolous.

Gen Z is on here complaining about why lunch costs $28, or why Chipotle or Jersey Mike's costs what it does. I get it, it's definitely more than it used to be.

So adjust. Get water instead of a $5 soda. Find a local place that is more reasonable. Bring in a lunch from home once in a while.

Solve the problem instead of whining and continuing to hurt yourself by spending that much money if you really shouldn't be.

[Jay, MA, MSc @RealJayRecher]

@RichardCabezza We ditched the penny. Time to ditch the nickel. And turn the $1 and $2 into coins. (Won’t happen because of the vending machine and till lobbyist)

[Jay, MA, MSc @RealJayRecher]

Well because zero times two is still zero

[Aaron Rupar @atrupar]

Bezos on CNBC: "You could double the taxes I pay, and it's not gonna help that teacher in Queens. I promise you."

[Jay, MA, MSc @RealJayRecher]

Those things happened before a cost of living adjustment which isn’t anywhere near 25 an hour

[Hank Venture @HankVenture5]

The same people who shrieked incessantly about how $25/hr was absolutely necessary for menial zero skill work are now confused about why a value meal costs $15, a car costs $35K and a house costs $500K

[Jay, MA, MSc @RealJayRecher]

Another tool on the internet. “Back in my day”

Hey Jon. You do know how inflation works right? Cost of living is more now.

[Jon Elder @BlackLabelAdvsr]

My first job paid me $6.25/hour. And I appreciated every cent I made.

When I see the wages Target and Costco pays I smile. Gen Z has no idea how good they have it.

What did you get paid at your first job?

[Jay, MA, MSc @RealJayRecher]

Forced follow up at the doctors office to review blood work - $15

Sigh

[Jay, MA, MSc @RealJayRecher]

@GeorgiasGiant And will say. Eat peanut butter and jelly. Not sure if that really healthy

[Jay, MA, MSc @RealJayRecher]

My break down is if you make 70k a year. You are living paycheck to paycheck.

What did I miss?

[Jay, MA, MSc @RealJayRecher]

So this person has an extra $400 a month? After food, insurance, rent, utilities, credit card bills, student loans, car payment, gas… etc

Love to see your monthly breakdown of this

[Pop Cultured🇻🇦 @iam_shwa]

If you invest $20 a day into a mutual fund or index fund that averages 10% returns after 5 years you could have 100-400k

So yes it actually is a big reason you're broke

[Jay, MA, MSc @RealJayRecher]

It’s more about how expensive it is to live today than before his was a billionaire.

[SightBringer @_The_Prophet__]

⚡️Gen Z is living inside a broken time horizon.

That is the real issue.

A $28 lunch is obviously dumb if repeated daily. At the personal level, Kevin O’Leary is right. Small leaks become real holes. People who cannot control recurring expenses usually cannot build capital. Discipline still matters. The math still matters. Nobody gets exempt from compounding because the system is unfair.

But the reason the lecture feels hollow is because the old system used to reward discipline with visible progress. Pack lunch, save money, buy a house, start a family, invest, build a career, retire. Sacrifice was tied to a future that felt reachable.

Now the future feels priced out.

That changes behavior at the root. When housing feels unreachable, careers feel unstable, healthcare feels predatory, dating feels broken, children feel unaffordable, and AI threatens the entry-level ladder, thrift loses its sacred function. It stops feeling like a bridge to ownership and starts feeling like self-denial inside a game already lost.

That is how financial nihilism forms.

People do not say it directly. They say, “I deserve a little treat.” They say, “Everything is expensive anyway.” They say, “What’s the point?” They say, “I’ll never own a house.” They say, “At least lunch makes the day tolerable.”

The $28 lunch becomes a tiny rebellion against a future they do not believe will arrive.

That is why older personal-finance commentary keeps missing the emotional layer. The old advice assumes the listener still believes in delayed gratification. But delayed gratification only works when the delay has a credible endpoint. If the endpoint disappears, delayed gratification starts to feel like humiliation.

So young people consume the present because the future has stopped making a persuasive offer.

There is also a status layer. A lot of modern consumption is not about the object. It is about maintaining self-respect in a system where people feel economically powerless. Coffee, lunch, delivery, clothes, trips, subscriptions, gadgets, nightlife, little comforts. These become micro-status and micro-control. They let people feel briefly like participants in abundance even while their actual ownership path deteriorates.

That is the trap. The spending is both understandable and destructive.

The system damages the future, then sells little present-tense anesthetics to the people who lost faith in it.

Delivery apps, fast casual, lifestyle brands, streaming, subscriptions, social media, gambling, crypto speculation, “self-care,” buy-now-pay-later. All of it feeds on broken time preference. The more unreachable the future feels, the more valuable immediate relief becomes.

That is the real sickness.

A healthy civilization teaches young people: sacrifice now and something real becomes yours later.

A decaying civilization teaches young people: sacrifice now and maybe you still lose, so consume enough to keep functioning.

The $28 lunch is not why Gen Z is financially cooked.

It is what a cooked generation buys on its lunch break.

[Jay, MA, MSc @RealJayRecher]

So sacrifice your health because… why?

[Stephen Kent @StephenKentX]

Sorry. He's right. No amount of whining will make him wrong. Pack a lunch. Eat a little bit lighter midday. Put that money to work in other places, you'll be amazed.

[Jay, MA, MSc @RealJayRecher]

Another out of touch person not understanding the cost to stay alive. Don’t give me this Beans and Rice nonsense either. Healthy food. Balanced. Nothing outlandish.

[Robynnnnnn @robynngarfield]

When my husband and I were first married we were dirt poor. For date night we used to go to Costco and split those old wonderful chicken Caesar salads that were $4.

I know things are more expensive now, but they're not that much more expensive. People just feel entitled to spend crazy amounts of money on unnecessary stuff.

[Jay, MA, MSc @RealJayRecher]

Says the man who sold a business for a billion- doesn’t understand what 70k buys anymore. Let’s see this dude work for 70k before taxes, with the avg student loan, rent, and credit card debt. See what he can do.

[Mikli @CryptoMikli]

Kevin O’Leary says Gen Z is financially cooked when people making $70K a year are spending $28 on lunch

[Jay, MA, MSc @RealJayRecher]

What about Mike Miller? @PBATour @vitamin_dtang I get it he used one hand. Thumb and thumbless. But I think it would be good to bring up the history of the game. There is precedent

[Jay, MA, MSc @RealJayRecher]

@MarcRyanOnAir When did “out of bounds” start?

[Jay, MA, MSc @RealJayRecher]

@Dan_Jeffries1 The same could be said about “we are going to mars” “earth is dieing” “streaming is the future”