I'd be probably standing on the edge of a bridge if I was getting $1,400 a

week. That is absolutely brutal, but I know a lot of you guys,

that's what you're earning. The government is not going to come and save

you. Don't expect, oh, I just got an extra $5 an hour, right?

No one cares. It's not gonna make any difference, because inflation is going

up way faster anyway. But what I'm saying is if you want to

break out of your $600 a week or your $1,000 a

week mindset or your self-imposed salary cap,

then there are ways to do that. The median, it turns out, is... I

hate to say this. It's worse than what you think, right? But it's the

accurate number. The median is... I'm Matthew Fraser and

this is Crypto Collective. After making millions with Amazon

and e-commerce, I realized that if I was starting again

today, crypto would be my first choice. I'm here

to help you take your first steps and build real wealth. Ready

to set yourself up for life? Let's go! Hey guys,

the past week on my Instagram page has been absolutely

blowing up. And that is over the debate of this $2,000 per

week that was recently announced by the Australian Bureau

of Statistics and reported by Channel 7. Now,

I will admit from the outset, Channel 7 made a bit of a blunder, because they

said, it's a $2,000 average take home. And

of course, take home means after tax. So everyone just started piling

in on the comments to my reaction to this

particular clip of Channel 7. Now, what was fascinating, though,

was the debate was going wild. So if you're like most Aussies,

you probably did a double take when you heard the number of

$2,000 average per week. And you're right to think that, For

some people, it's a lot of money. My reaction at the time,

and yes, maybe I was having a little bit of a stab. I

was saying, look, I couldn't possibly live on $2,000 a

week. And I couldn't, right? But I wanted to break down

the numbers for you guys and actually dive deep into this and find out,

one, was the Channel 7 reporting accurate, which I

think it's going to turn out to not be so, because they already got it wrong in

their report. And secondly, what

is the median? Because in the comments, a lot of people were talking about

what is the median for people, not the average. And the median,

I'll break that down later, but the median is going to be different. And

also, I want to break down for you guys, what is the average for

living cost these days? And can you actually live on $2,000 a month?

gross per week in one of the highest tax

countries in the world of Australia. So guys, as

I said before, the first mistake that Channel 7 made was they said that $2,000 was

the take home, right, which means after tax or

also known as the net pay. The gross would

be what you get before tax, right? And so they completely mixed

all this up, right? They didn't know what they were talking about. And of course, a lot of people were saying, you

cannot even believe the mainstream media, which is exactly

right. So what is the difference, though, between average and

what a lot of people were saying in the comments, the median, right? Well, the average

is everybody's wage added up together and divided by the number of

people, whereas the median is everybody lined up,

and then you find middle of the range. Okay, so let's actually

break this down so the average $2,000 per

week, right, gross, would be $104,000 per

year. Now, from the outset, $104,000 sounds like

a lot of money. But is it really, though? Because

when you look at then what is the median, which is probably more

of an accurate number, it's not skewed by people who are earning millions

and millions or some CEO executives of banks who

are earning tens of millions of dollars a year. They're skewing

the numbers, right? The median, it turns

out, is a... I hate to say this. It's

worse than what you think, right? But it's the accurate number. The

median is $1,400 per week. Yeah, and

this is according to... I did some research. It wasn't just the

ABS that reported this. It was also Fair Work Australia. Now, you

could both argue that, hey, these are both government agencies. But look, that's where

the numbers come from. $1,400 per week

gross is the median wage, which is about $72,000 per

year in Australia. Now, I

said before in my reaction video, I'd be

crying in the corner if I was earning $2,000 a week.

Damn, I'd be probably standing on the edge of

a bridge if I was getting $1,400 a week. That is absolutely

brutal, but I know a lot of you guys That's what you're earning,

right? So I want to see how can we get out

of that too? How can we start earning more money than that? So when Channel

7 dropped this figure, social media lit up

with Aussies expressing their shock, confusion and

even anger. Yeah, I found it absolutely fascinating from a

psychological point of view watching the comments. And for

many people, $2,000 a week is a number they've never

seen on their payslip. This is the reality. A

lot of people are earning well below that amount. As I've said just before, the

median is $1,400 a week. So whether they're working

on hospitality, they're working in retail jobs or

sectors where wages haven't kept up with inflation, people were

livid about it. And I think people are upset because this announcement feels

disconnected from their lived experience. It's confronting to

be told the average is so high when it seems out

of reach. And it can make people feel left behind or

questioning whether they're doing something wrong. The

sense of inequality is real and palpable, amongst

people in Australia and it was shown directly in the social

media comments. Now what I found absolutely fascinating though

above everything else was the competition amongst the

people in the comments of who had the most trodden down

victim story to sort of express

their, hey, I'm earning $600 a week, and

I'm getting by. And then someone else would chime in and say, well, I'm earning

$800 a week, and I'm getting by, and I've got 10 kids, and this, that,

and the other. That was literally in the comments. And so it was a competition of

who was who was doing the worst right rather

than they should be look in my opinion there should have been people piling in

saying hey guys there is a solution to this you don't have

to be earning six hundred dollars a week there was even one gentleman

on my Instagram and he said, hey, Matt, I'm

earning, I think it was something like $500 a week.

Yeah, I'm earning $500 a week. And I said, yeah, but is that

through choice? Like, are you choosing to do that? Because

why you would even do that is beyond me. Now, I did some numbers

and this is going, people, and this, I dropped this in the comments and

people were freaking livid about it. I said, you could work

at Hungry Jack's or a similar fast food outlet and

earn $1,500 a week. $1,500 a

week. And oh my God, the comments that came

back to me, oh, as if anyone could earn that, because I'm

a laborer earning $1,200 a week. And people, I

think, found it so offensive. They found it absolutely

offensive that there could be someone working at a fast food

joint earning $1,500 a week where they were breaking their

back out on a construction site, for example. But

I'm just giving you the facts. I'm just telling you the reality

of what's out there. Is

the average person working in a fast food outlet

earning $1,500 a week? No, that's not the case. But

what I'm saying is if you want to break out of

your $600 a week or your $1,000 a week mindset

or your self-imposed salary cap, then

there are ways to do that. And I'm going to tell you exactly how

you could do it. You would simply work 10 hours on a

Saturday, 10 hours on a Sunday, and then you make up

the other 15 odd hours through the week. That's it. That's

all you would need to do to get to $1,500. And why is that? It's

because there's penalty rates on the weekends. So

you're gonna earn more money on those days. I even

said this to the guy, I said, guys, this is a freaking no brainer.

Hello, you go and work on the days where you can get

the most amount of money. And this isn't even you

having to go and start your own business. This is just showing up, clocking

in, working for 10 hours, and then fucking off going home.

That's all you have to do, right? Make the burgers, go home. You don't

have to take the job with you, right? But here's the thing

in Australia, and people are going to hate me saying this, is people

aren't prepared to do it. Because I guarantee you in these comments now

of this video, people are going to say, oh, but Matt,

I don't want to have to give up my weekend. Great,

don't give up your weekend then, yeah? Stick to your $600 a

week. That's what I'm gonna say. Stick

to your $600 a week if you're not prepared to do whatever it

takes. And I'm not telling you this because I'm not someone who

hasn't done those things. I've been there. I've worked the weekends. I've

worked the night shifts. When I was much, much younger, I

used to do a cleaning job. I used to have to start. at

2 or 3 o'clock in the morning, right, and work all the

way through to like midday or 1, 2 p.m. in the afternoon, right?

That's what I did. I've also gone and drove Uber

all over the Gold Coast, right? I've done these jobs. So

don't come back at me and say, oh, mate, you'd never done it. Life's so good for you.

No, I've been there, OK? But I was doing whatever

I had to do to bring money in the door so I could earn

more money, so I could invest more money. Because

if you guys haven't woken up yet, you have to bring more

money into your kitty in order to have extra money to

go and put into investments because the investments are

going to start growing outside of your day to day job.

Right. I know this might be like revelations for some people. But

I'm just telling you the reality, the government is

not going to come and save you. Okay, so don't expect, oh,

I just got an extra $5 an hour, right? No one cares.

It's not going to make any difference because inflation is going up way faster anyway.

So you're going to have to do more with your hours that

you have, even if you have to work. And dare I say, 50, 60 hours

a week. And I'm not saying you have to work that sort of period of time

for the rest of your life. There's a period of time where you've got

to really double down. Yeah, double down and triple down. And

make hay while you're young, you've got the energy and then you can

do it. Because unfortunately, some people who get into the workforce, you

know, in their late teens, early 20s, they expect that

they're going to be earning You know, even $2,000 a week for these people

would be amazing, right? But you're not going to get there because you're young and inexperienced.

That's the whole point. Now, are there jobs that you can go

and obtain? Absolutely. I'm going to break those down for you in just a moment. So

look guys, I know this can be tough, right? But this is why this matters

because When media outlets report on wages,

it shapes the public perception. If the average is

presented as the norm, it can set unrealistic expectations and

create real frustration amongst people. And those

people want transparency, accuracy, and

especially when it comes to issues that hit close to home, like

how much they earn. And that's why I think this debate became

a reminder to dig into the numbers and understand what's really

being reported. As we can talk about income, cost of living,

fairness in Australia, it's important to look beyond the headlines and

ask, whose reality are we really talking about?

So guys, I've given you my rant on what needs to

be done, but I want to break down some numbers for you because I thought this would be

really, really interesting when I'm basing it on the

$1,400 per week median wage, right? So $1,400 before tax. Okay,

so I'm going to base this on a family of four, right?

Because that's sort of the average in Australia, like two parents, two kids,

what are the numbers? So therefore, if both parents would be working,

we're talking about $3,000. Let's just bump it up to $3,000 per week, which is, wait

for it, $2,100 after

tax. Okay, and that's for two people working, right?

This is insane, right? Two people working. Hey guys, real quick. If you're ready

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Now back to the episode. So let's go into the numbers now of some of the costs that

the average family has per week. Now the average mortgage

in Australia right now is $678,000, which is a $900 per week repayment. And just as a side note, The

median rent is $630 per week. So

we've got groceries on top of that, $200 per week. Now,

when I saw this number, and this is all reported by the Australian Bureau

of Statistics. And when I saw these numbers, I was like, holy smokes,

groceries, $200 a week. Damn, how do people

live on that? How do people live on $200 a week in groceries? And

I had to go and I went and picked up the groceries from Coles yesterday and I had to

actually double check. And I said to my wife, how much did we pay for this bootload of groceries?

And it was like close to 500 bucks. right,

for the week. And that wouldn't include all the extra things

that we get, right? Sometimes we get some protein meals

delivered and things like this, right? So it is bloody expensive,

right? So if you're living on $200 a week in groceries, you're doing extremely well.

You must love baked beans. So what have we got on

top of that? Electric and gas, yeah, $60 per

week. Car repayment, $160 per

week. Car fuel, $90 per week, which is

funny because almost the cost of this, it's almost more

than half the cost of the car repayment. Then you've got, Insurance,

like car, home, et cetera, $60 per week. And school expenses, about

$135 per week. So that's for the two kids, right? Phone and

internet, $40 per week. I don't know where they get that number

from. And so that totals $1,645 per week. So

just a reminder, the after-tax money was $2,100 per week. And now just those expenses

alone, $1,645. Now keep in mind, I

didn't add into there going to the shops and just

spending money on shit, right? So no clothing, no shoes,

nothing. I didn't also factor in there what happens if

your car needs new tires, right? I just got new tires on

my car the other day. It was like $2,600 for a whole set of tires. Now

they're performance tires. That's a lot of money, right?

Insane, right? At this budget, you've got to

be hoping that your tires are like $49 each.

Yeah, 200 bucks max for your set. Otherwise, you're out, right?

Now, this is brutal. I don't know. And

the other thing it doesn't factor in is holidays. I didn't factor any holidays or

any other medical expenses unforeseen. So

let's assume then that the total expenses weren't $1,645. Let's just

say they're $2,000 per week. That

means you've only got $100 a week left over.

And again, not counting all those unforeseen expenses.

Let's see then what you could do. Let's assume that you could actually get

by. And I know people who do, because to be honest with you, a family member

of mine lives on a good wage, but very,

very frugal, like very frugal, right? Also has no children

too, right? So, but she does extremely well when it

comes to the living standards, right? So let's assume though that you can

actually make this, you've got left over $100 per week. And

now, as I mentioned before, the only way to get out of this sort

of this rat race or the matrix that you kind of stuck in is

to invest in something, right. And of course, because this

is a Bitcoin and crypto channel, we're going to talk about Bitcoin, which

is the best performing asset that there has been for

the last 15 years. And it's set to be for at least the

next 20 plus years. Okay. So

let's assume you're putting $100 per week. Let's also assume,

I'm going to give it a pretty high percentage. I'm going to assume the best

case scenario here, which is, say, 50% CAGR,

which is compounding annual growth rate. So 50% sort of

compounding over 20 years. Can

you imagine what that would get to? You're going

to be floored. $220 million. Holy

smokes, $220 million. Now that assumes that,

of course, that even if you built up a bag of Bitcoin and it

got to $10 million, that you couldn't just jump in and start spending it,

right, and selling off your Bitcoin. This assumes that you didn't touch it. Let's

assume then, You said, Matt, that's absolutely crazy. 50% is

nuts. It never, ever has done that. In fact, it has, though.

It has actually done over 50%. But let's assume moving forward, it doesn't do that.

Let's drop the percentage rate down to what even Michael Saylor, one

of the biggest Bitcoin evangelists in the world,

if not the biggest, he believes Bitcoin will do

at a base case 29% CAGR over

the next 20 years. So what would that number then give you? It would still give

you 5.8 million dollars right 5.8 million dollars

so I

don't know if you're going to be able to hold on to that. But

I tell you what, at least if you put that aside, and even if you did

something like what I advocate for, which is actually putting your

superannuation into an SMSF and allocating that to

Bitcoin, right? You could actually not take any

money from your $100 a week or your salary and

just use the funds that were sitting in your superannuation,

which, of course, you can't even touch it anyway. Right? You can't even touch

it anyway. So it's the lowest hanging fruit in order to allocate

to the best performing asset. Now, I get

it. But things aren't changing

for you unless you take action. Right? So you have to actually stop

whinging about it. Because there was a lot of whinging going on in

the comments. Right? I'm giving you some actual practical advice

on what you could possibly do. Now, the other thing to

consider too is forget about Bitcoin. Forget

about your superannuation. Let's just say you don't even touch that at all. What

about just doing something that just gives you more pay

per week? So changing your job. Because so many people in the comments were

just like, oh, I earn $600 per week. But pretending like there

was no other solution, there was no other alternative, it's like, this is

what I'm stuck with, which I find just sort

of mind-boggling that people even think like that. So let me break

down the top 10 wage earners

in Australia right now. I will start, just to give you a comparison, the

Prime Minister Anthony Albanese, which I saw some people saying

Anthony Elbow, right? Rather than elbow, they'll call

him elbow, which I thought was hilarious. He's earning $12,000 per week. All right, so

get that $12,000 a week. But here's some of the jobs that you could do, right? Radiologist

is $4,500 odd per week, right? A psychiatrist, $4,500 a week. General practitioner, like a doctor. What

is it? Another $4,500 per week. A surgeon, $7,500 per week. Now, that's a good one. Anethetist, $6,700 per week. Now, we've got

a bit of a theme here. There's a lot of people in medical.

Mining engineer, $4,200 per week. An internal a

medicine specialist, $4,800 per

week. A CEO of a company, they on average earn

nearly $5,800 per week. Financial dealer, $5,300 per

week. You're going to have to Google what that is. And an orthodontist,

$4,000 per week. So most of those jobs at a bare minimum were

double what the average is. Even $4,000 was a

double of what the current average is, which is astonishing. Now, I will admit,

This is not a job that you're just going to walk into, right? All

of those jobs are going to require a tremendous amount of study. You're

going to have to have a lot of skills and intelligence to get those jobs.

And it's going to take time. You're not going to come out of high school. And for

most people, they're probably not even going to come out of straight out of uni into those

types of jobs. It's going to take years to get there, right? So I'm not saying

it's a solution for someone who's earning $600 per week, but it's something to

aim for. and realize that, hey, I don't have to

be set in my $600 per week job,

or even the median of $1,400 per week. If

you're in that category, there are alternatives. But

what I want to do is dig a little bit deeper. Now,

I will admit, I'm someone who's never been to

university. I completed year 12. I'm just the average person

in the street, right? I didn't go and get all these special qualifications and

get completely certified really in anything. I've just sort of fumbled

my way through life and ended up making multi-millions of dollars. But

So these would be jobs that I would probably consider because I don't have

the degree. So I wonder what sort of jobs that you can get

where you're self-employed and you need no degree.

And the number one is a construction contractor. They're

earning between $2,500 to $4,000 per week. The next one would be a plumber. $2,000 odd

up to $3,500 per week. Electrician is

$2,000 to $3,200 per week. Mining driller, up

to $4,500 a week. Now, just think

about that for a second. A mining driller, $4,500 compared

to some of those other medical type jobs where that requires

a lot of university, probably almost a decade, I

would say, some of those jobs of university, you're going to get the same sort of

money being a mining driller. Another one would be a

commercial pilot, but a freelance commercial pilot, meaning you're a self-employed commercial

pilot, up to $5,000 a week,

yeah? Now commercial pilot, I will admit, that also does

require an absolute ton of training, right? You're not just gonna

walk in off the street and just start flying planes, right? Digital marketing

consultant, up to $3,500 per week. Now a

digital marketing consultant, That's going to be based on, in

my opinion, experience. And for a lot of you guys who

are on your social media all day, every day, that

could be a good start. Maybe get some skills. You could actually get

free skills from YouTube and learn how

to be a digital marketing consultant and get $3,500 per

week. How about real estate agent? This is

incredible. This is one of the best ones. Up

to $6,000 per week. And

guess what? You don't need to have a degree for that. And

you can just walk in off the street. People are desperate, but you know what?

You're gonna have to put a lot of work in, right? None of these jobs are just walk in and

put in no work, right? They do require work. What else

we got? Graphic designer, freelance graphic designer, up

to $3,000 per week. Delivery service owners, like

an Uber Eats, that type of thing. Now, for someone who's done

Uber before, I never did Uber Eats, but I did do the taxi Uber. I

was probably earning, $800 per week, but I

wasn't putting in a full 40 hours. That was just like

part-time on the weekend and night times, right? But if you did it for like a full-time

gig, you could earn up to $3,000 a

week. Okay, so if you could just drive a car, you're good to go basically, or

probably even a scooter. And the last one,

number 10 capping this out, was a fitness trainer, right?

Up to $2,800 per week. There

you go, guys. I've solved all your problems. You've now got a whole set

of the top 10 jobs you can now aim for. Now,

of course, they're not gonna be for everybody, but I'm just trying to break it down for you

guys so that you realize, hey, I don't have to

be stuck in my shitty... $1,400 per

week median job. There are alternatives out there. And

yes, it might be uncomfortable for you. You might have to get out of your

cushy job working behind the desk somewhere or even in

the factory, right? But there are solutions for you. So

guys, Next time you hear about average wages, remember,

numbers can be deceiving. The median gives a clearer

picture of what most Australians actually take home. And if

you're feeling a bit rattled about Channel 7's report, you're

not alone. There was a ton of people who felt the same. But it's a conversation worth

having. And I'm glad you joined me for it because you

certainly gave me a lot of backlash in the comments. And

I hope you give me some backlash in the comments today too, especially when

I said, I'd be crying in the corner if I was earning $2,000 a

week. All right, guys. Thanks for listening. Take care. Bye

for now. Hey, thanks for tuning into Crypto Collective. If you enjoyed

this video, the best way to show your support is to subscribe to

the channel, or if you're listening on Spotify, leave a five-star review.

It really helps me to create more content just

for you. Also, If you're ready to level up your

crypto journey, make sure to check out CoinStash. It's

the platform that I trust to buy, sell, and hold

crypto with ease. You can also find more of me at

I'm Matthew Fraser on all social media platforms. Take