I wish people would wake up! Every single aspect of the current government is nothing what the founding fathers wished for this nation. There are only criminal trash running things
I listen and learn a lot from you and your guests. Most of them are of the view that the government is the enemy. When are you going to invite someone who can give you the working man's point of view.
Weakening of state power and social protections, huge wealth inequality, and a power shift from our government to corporations is why there is so much turmoil in the USA
Student loan debt keeps people from taking risks. Nome Chomsky talks about this and manufacturing consent. Now his point of view is more about politics but he says basically that the rulers of the system saw the upheaval of the 60s and '70s and the student movements and said to themselves if we indebt them to the system then they won't try to change it. I think this translates to everything though. If you have a ton of student debt the likelihood of you quitting your job and starting a business is very low.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take to recover, or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make, with dependents and other obligations included. Tbh it's an uncertain year for me.
people calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
I’m sorry I can’t! I’ve graduated college, worked in several industries, started several businesses - failed at several; went to a couple different trade schools. Got married, raised kids, got divorced and remained. And over the past 5 years I’ve come to terms with the reality I’ll probably never be rich. So I found a fulfilling job with pay that suites my life style and made a concentrated effort to develop hobbies and strengthen my relationships with my family and friends. The end result is that I finally, FINALLY! I Reached a place of content happiness. Only to be told by a couple income elites that if I’m not a self employed millionaire it’s because I’m lazy and don’t meet the “minimum intelligence” and thus I’m poor? How about we acknowledge that the system is broken if the common citizen is failing.
"I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. 13 I can do all this through him who gives me strength. Philippians 4:12-13
Everyone wants to be an entrepreneur but need to realize that maybe they aren't built to be an entrepreneur but rather an intrapreneur and both can become wealthy we just have to be able to identify which one we situate ourselves under
51:00 My son is graduating from HS in a month. He always had to work for his pocket money. Fed up receiving an hourly wage, he started a car detailing hustle and just added window cleaning. He’s doing really great and is extremely proud of the money he earns. I actually mentioned to him Cody’s advice to start a “dirty” business because most people with money don’t want to clean themselves.
As an owner of a window cleaning/pressure washing business i know he can do really well for himself by doing the dirty work! It's really satisfying work too!
@@ryaneggers6180 Thank you for taking the time to share your experience. He does love it and compares it to meditation. He makes perfect stripes on the carpeting when he vacuums the inside of the car. 😅
Worked hard, took lots of risks. Built and ran restaurants and came down with an autoimmune disease that took seven years to discover. I am 61 years old, have lost the ability to work out, work hard which I love or even be on my feet for more than an hour at a time. I have lost almost everything and am still trying to figure out other ways to make my life purposeful and make money. Otherwise, I can’t even begin to imagine those who don’t know how to keep asking questions, creating and hope. It’s gettin harder but stay open and know that no matter what, you don’t know everything. Listen more and take responsibility for your reactions, even if you lose it for a minute. I love these podcasts and you are so great at talking to everyone and getting the best out of them but it is hard to hear these things when you are a single mother, are a minority, are disabled or many other circumstances that makes it hard to stay open to all possibilities and not lose faith. Thanks for bringing all the best minds to us and asking great questions.
I can very much relate to this. 48 with autoimmune issues, bulged 4 discs working in construction 3 years ago. Lost all my money, my home, and maxed out all my credit cards. Trying to start over by living in a VW van, but I’m having a hard time getting the funds together to pay for said van.
I have literally lost count how many people I have seen talk about how they have had autoimmune conditions and in their words, have been healed by the carnivore diet. Please don’t take this as gospel from me, please have a look at all the carnivore videos and person after person after person after person, it is endless, discusses those sorts of healing situations.long fasting also seems to give really good results.
This Video raises some crucial points about potential economic downturns and opportunities for wealth creation. I've recently come into an inheritance of nearly $900,000, and I'm being directed towards the stock market. What risk management strategies are recommended to navigate and safeguard my investment in the market during such uncertain times? Any advice from seasoned investors would be greatly appreciated!
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Hard work is so overrated. I go through life trying to get the most benefit with the least effort, and it is worked out just fine. I was a truck driver and I retired at 33. I'm now 51
I worked as a carpenter for 10 years then opened my company about 13 years ago. You do much better on your own after about 5 years of building up your business. I opened a gym 4 years ago and just closed it because the construction is much more profitable and worth my time. I guess my point is investing in yourself and learning then once you understand business you can succeed in anything if you understand the market.
construction is good when housing is booming, but I worked in architecture firm in 2008, when the financial meltdown happend, this industry was devasted, every peoject was put on hold or cancelled, millions jobs lost, the housing market crashed like crazy for years...
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
I think that people forget that most of those drawing social security and Medicare have paid into these systems their entire working life. As a senior, I don't think that I'm getting a Social Security check because I need it. This is something that I paid for. Further, my Medicare premiums are higher than what many non-retired people are paying.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ― Henry Ford
Absolutely! That national debt is only about 20% owed to other countries. Most of the debt counter parties are to US citizens who are the 1% who buy bonds.
Ok that's untrue. I am regarded as rich by most metrics and I pay more in taxes than 98% of the populace. Also, monetary policy is designed to transfer wealth from the poor to the rich when increases in the money supply fail to increase the velocity of money (activity in the real economy) and thus result in asset inflation enjoyed by the rich. @@JustAnotherJarhead
I love Codie Sanchez! She's very smart, business savy and put together well for a world that's hard and a woman that doesn't give a damn about that. She's independent and has great work ethics.
Money is a metric but not everyone's metric. You generate your own metrics of your life, but you never get to make a metric for another. That's the beauty behind Life, Liberty and the Pursuit of Happiness. IMHO
Not inflation...GREED based on the warped capitalist society America has created with no safety nets to protect its citizens. Americans continue to shoot themselves in the foot.
The government creates inflation to fund welfare and warfare. They take your money, by inflation and give it to others. It's wealth redistribution, Comrade.
No one deserves anything, place was built on slave labor. After that it was pushed even further by cheap Mexican slave labor, meanwhile all the people in position, aka Americans that weren't braindead reaped the benefit, and now want to live the rest of their life rich, having done nothing.
You do deserve it, and so do we all. But if you've spent the last 20+ years voting for either one the two big parties, you were an irresponsible fool to think that their incessant hand-outs and expensive wars were not going to come from money printing (inflation) and the well known theft from our Soc security funds. The only party preaching fiscal discipline is the libertarian party.
I love to hear what Codie Sanchez has to say. I learn a lot from her, even if I disagree with her. Sometimes I'm right, but when I'm not, I learn something.
I don't believe that I have ever contacted a celebrity, but I've listened to this twice and have really enjoyed it. As for my background. I was raised a Southern Baptist in the deep south. Fast forward 70 years, and now when the question is asked, what race i am? I reply. The human race. Great show to the both of you!❤
She called California a 'failed state.' We sold all our business interests and fled Silicon Valley in late 2017. She is 100% right. When CA state income tax was 10% we thought it was too high (so did most other people). It's now 14.9% and they talk of 16%. Like any business when management is poor, people leave the firm. CA is astonishingly, poorly managed. In the past, being a business owner - you knew that. These days most citizens know it. LIFE IS SHORT! In the 'lower 48' there are several other states offering wonderful living environments - and zero state income taxes in many. We moved to one, and it's been a huge blessing. .
On the flip side, CA management is so bad that the chance of future management being better is pretty high. Everything reverts to the mean. If nothing else, your chance of slipping on black ice in the winter and dying from a PE secondary to your hip fracture is pretty low in CA.
Social security is NOT transference. We paid for that. Remove that from your graph and then we can talk. I used to teach graduate biostatistics. I know when someone is trying to hide information. At least define what is included in each of the four categories.
It's arguable whether the amount payed in is worth what gets payed out when factoring changing rates of inflation. Future generations are paying for it too and it's unlikely to survive the size of the boomer generation. So imagine paying for something you know you're never going to get...simply because of demographics. Our population is shrinking...not growing. It's supposed to be a net...as in addition to other retirement income streams...not the sole source of retirement income.
@@micmccond7 Yes, I’m well aware. I’m one of those who won’t be getting much from SS. I paid into the system from age 16 - 45 but many of those years were lower income so didn’t qualify as counting towards the 30 year minimum. Good thing I wasn’t relying on that and have my own side businesses now because it would have not been there for me, very scary. Fortunately eleven years ago, at 45, I switched over to a job with better retirement so that pension will be there in addition to my 2 businesses. Regardless, my initial comment remains true about her graph.
I can understand people being bearish with these conditions. However, it is not reasonable for most people to sit on the sidelines while your cash position debases by 10% or more per year..What is the best way for me to avoid inflation eating up my cash reserve of about 200k while investing it?
Inflation gives the illusion of growth. Investors should exercise caution with their exposure and exercise caution these period. See a market strategist with experience if you are unable to manage these market conditions
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. That’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
Rachel Sarah Parrish has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Working through the night..does motherhood count? 😂 I would love to hear her advice for mothers. We’re experiencing the fact that households who need 2 incomes, yet society is not structured around children’s school schedules. Aftercare is difficult to find in my area, a big city. What can mothers do build their wealth in their 30’s? I feel like those of us who have a family are limited because we’re caught between doing what we feel is right for our kids, yet trying to financially do what is best.
Thats a such a real dilemma. I’m not a mother so I’m not familiar with the limitations to this idea but from what I have seen from successful families with a stay at home Mom, creativity is so important and the opportunity to build a business from home. I have seen a Mom do a birthday party design/planning. Another example of creating children’s clothing out of their garage. Sorry if that’s not helpful I just figured I should share it with you.
This! ⬆️ I'm okay with working through the night, but when 1 of the 3 babies are waking up every 3 hours, I don't get much done.... then having a baby every 2 years, this lack of sleep has been happening for about 6 years....lol Not complaining because I love my babies more than life and this is the route of life that I have chosen. Although I am very work driven and working hard to run my business, yet juggling both, I'm treading and exhausted. I keep telling myself if I can make it through the next year, the sleep may get easier and I can dig deeper and harder on work again. It's hard as a mom! And honestly, even myself, nobody knows how a mom has to work unless you've then turned into a mom. We can still work hard and have grit, but we are working a 2nd job 24/7 as well. Anyways, I agree with a lot that CS mentions and I love her. Mom's, we can still do this. ❤
I don't think it counts because the question wasn't when you "had to" but did it because you wanted to. If you don't feed your kid, they die. You're not doing it as a hobby or passion, it's a need. You'd be doing it whether you enjoyed it or not, just like anyone else. That's not really monetizable business, it's just what all parents have done since the dawn of time. Now if you're so "in the zone" working on a concept or idea that 8+ hours go by and you're still working on it purely because you belive in it and are passionate about it, that's something you can turn into a business. That's a skill you can use on other projects which can lead to revenue. Many artists and business owners do this. The average person rarely, if ever, does it.
Something they could be done is to ban stock buy backs. If company’s weren’t buying back their own stock, which BTW elevates the stock price and allows the CEO’s etc to exercise their options and make scads of money, the company could use that capital to expand their business, improve their business thereby making more money, hiring more people and generally being more productive. That would big a HUGE deal.
That would mean that you would have to ban dilution of stocks as well. Which means they couldn't raise capital... which defeats the whole point of the stock market.
What you have to realize is instead of worrying about the big companies buying shares at a lower rate, focus on buying at that lower rate yourself. People complain about what others do to make more money instead of focusing on what they can do to do the same. Opportunity is available to us all! Most people just rather complain than take advantage themselves. 🤦🏻♂️
Yep, but companies dont need to hire human beings any more. And they never will again unless politicians create policies to incentivize companies to hire human beings. In other words, we're fucked.
The point of a government is not to maxime profits it's to help their population. Extreme competition and a system where you can go from everything to nothing with 1 bad luck keeps everybody stressed and agressive, like your guest. Societies that distribute wealth better and where people know their basic needs will be met, are much happier and healthier. We need a massive change in objective and ultimate wealth is not the right objective
Such a great , thoughtful and inspiring podcast. Tom you have a special way of lightly challenging your viewer after they finish an incredibly convincing and informative tangent that seems to need no further explanation which allows for a deeper understanding 🔥
@@minfilipino It is not just poor people who buy unnecessary shit. Middle class and rich also do that. Unnecessary for you may not be unnecessary for someone else.
The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .
Grit, as defined by Angela Duckworth, refers to perseverance and passion for long-term goals. It encompasses two main components: consistency of interest and perseverance of effort. Intellect, on the other hand, generally pertains to cognitive abilities, including reasoning, problem-solving, and understanding complex ideas. Studies have shown that grit and intellect are related but distinct constructs. While there is some correlation between the two, they are not the same. Grit can contribute to success independently of intellect, as it involves qualities like resilience and sustained effort, which are not necessarily tied to cognitive abilities. In other words, a person with average intellectual abilities can achieve significant success through high levels of grit, while someone with high intellectual abilities might not reach their potential without perseverance and passion. Therefore, while grit and intellect can complement each other, they are not inherently tied together. A person can possess high levels of one and not the other.
Wasn't going to bother with this as I find all these doom recession podcasts clickbaity, but this isn't what the podcast about at all. It's actually the best podcast episode I've listened to in a while, both participants in top form for this. Felt I learnt a ton, and even a couple paradigm shifting moments. Great stuff!
History shows that financial markets follow repetitive patterns. In his book "Grand Time", Artur Grandi offers a clear-cut strategy for stabilizing investments and identifies opportunities for investment, including in cryptocurrencies.
It's lovely to hear wealthy people saying we can all be rich with a little bit better hustle. "Just get up at 6am and sell something everyday.." So we all just need to sell things to people? When we're all hot, hustling sales people, who we going to sell stuff to? Only a wealthy person would be blind to the fact that isn't a solution for the majority. I'm surprised by the degree of privilege blindness here.
They know that not everybody's going to do it. Also, neither of them were wealthy to start with. But I understand your line of thinking. That's why I'm replying, but you're really not making logical sense. Of course they know that not every human being on the planet is going to start a business, buy a business etc. There's nothing wrong with them giving insights for those of us who want to take that route.
The thing wrong with their advise is that sometimes it boils down to "be the crab in the bucket who drowns the other crabs to escape". Some of us are a little too comfortable with that reality.
Just stop buying your daily lattes from Starbucks. I know that's a meme, but I'm serious. Say $8 for a Starbucks every day for one business week over a year. That comes up to $2080. Take that $2080 and put it in a Vanguard fund instead. Over 25 years, that $2080 will be worth over $20k. Now keep this up for a 10 years and also apply this principle to all the other worthless junk you buy in a year. Frugal living is how millionaires are made.
The purpose of taxing the rich isn't to finance government expenditures or wealth redistribution. Taxing the rich is a strategy to prevent the corrosive accretion of extreme wealth in the hands of a tiny subset of the population. Since functional democracy is incompatible with extreme wealth inequality, imposing high taxation on the rich could safeguard democracy from the corrosive influence of wealth and the drift towards plutocracy.
Solid point, unfortunately we have already passed that threshold which is why our system is as corrupt as it is. Corporate media, bought and paid for politicians, 'two' party garbage system, everyone is fat and sick, most of our food is overly processed poison, the wealthy skirt billions in taxes, we pay more for healthcare than any other developed nation with atrocious outcomes.... it goes on and on and on.
they got rid of a lot of the profit sharing in the 80s and 90s and that’s one of the reasons why we are in a non-motivational situation at this point in time
Yes Marketing and accounts took over. HR used to have a bigger voice. They diversified, re-engineered and fucked their employees. Outsourced , created contracts and then sacked with a day's notice. Here in Aussie they created "workplace agreements", dispersing all the progress Unions had fought for previously on behalf of those who laboured. Shareholders became the new kids on the block, distorting the true value of products , manipulated by the bigger traders. So this notion of a "free market" regulated by supply and demand is an ancient and deeply corrupted mythology. The system is collapsing. Blaming the social safety net so pathetic in the USA seems to be an articulate version of scapegoating. "Look in the mirror might be a more honest strategy. Many of these economic theories that are considered "truth" were developed by colonisers, slave traders and corporate raiders, or isolated intellectuals living within a virtual reality. There are nuances of course. Subtleties but that would require a dissertation. I have traversed many "stratospheres" of society economically in various cultures, most significantly Australia, USA, Holland and England. Hard not to "smell a rat" when the division between the wealthy and those who survive on minimal working class wages or heaven forbid (sarcasm here) social security widens exponentially. I simply laugh at the first world dilemma of having money to invest. A huge proportion of people in our world are struggling to get food. Lets have some guests on the show who are representing "the Common people". Let's hear more about co-operative economies as other revolutionary ideas.
Inflation is to prices what acceleration is to speed. Both prices and speed will never come down if inflation/acceleration is not negative (ie deflation)
Making money is action, Saving money is behavior and Growing money is knowIedge. The main step to acquire wealth is outIining your goaIs & pIans, with the aid of a financiaI pIanner and foIIowing through with inteIIigent ideas; you will acquire wealth and as weII enjoy the decision of managing your money. Making money is action, Keeping money is behavior and Growing money is knowledge. The first step to gaining weaIth is outIining your goaIs, with the heIp of a financiaI pIanner and foIIowing through with lnteIIigent ideas; you wiII gain financiaI growth and enjoy the decision of managing your finance. I am Iucky I made great decisions that grew my finances (gained over 1M in 2years) through my financiaI pIanner. Got my 2nd house yesterday, and hoping to retire next year. Making money is action, keeping money is behavior and growing money is knowledge. I am Iucky I made productive decisions that grew my finances (gained over 1M in 2years) through my financiaI pIanner. Got my 3rd house today, and will retire next year. Give this a try and acquire weaIth. Get to her.. Elizabeth Green Hunts Get to her.. Elizabeth Green Hunts l am amazed to partake on this, lt has rekindIed the fire to my financiaI goaIs. Good to be here. Thankss..
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity...
You are watching two wealthy people have a discussion. What else did you expect? Everything that takes money out of their pocket is deemed inefficient. They just blindly assume all wealthy people are doing efficient things with the money and therefore "redistributing" anything away from those wealthy people is bad.
@@henrythegreatamerican8136 I mean, I like a lot of what they're talking about. CPI is kind of rigged, inflation is a wealth transfer away from workers, quantitative easing is also a wealth transfer, the main path out of it is to start a business, or something. But, to hyper fixate on THE POORS SUCK for as long as they did, felt pretty disingenuous
Problem is not that state is providing a lot of free money and wellfare to the people though in the USA. Its just that ur system is ineffective: An array of usage and billing requirements from multiple payers makes it necessary to hire costly administrative help for billing and reimbursements. Americans pay almost four times as much for pharmaceutical drugs as citizens of other developed countries. Hospitals, doctors, and nurses all charge more in the U.S. than in other countries, with hospital costs increasing much faster than professional salaries. Prices for drugs and healthcare are partially controlled by governments in other countries, but in the U.S. prices depend on market forces.
No one is ever completely self-made, I am sure the two of you didn't grow up in the slums of Africa. Your background and connections make a big difference in what you have achieved in your lives.
@@chrisaiello4896Everything is IQ-determined. Elon Musk most likely has an IQ of above 160. The guest in this show and Tom certainly do not have an IQ higher than 140, if not much lower.
@@BBshark000 It is not just IQ it is "grit" too. You have to have some risk taking, some drive, some stick to itivness, etc. And still, 90% of businesses fail. So you must be willing to fail multiple times.
You already nailed it. They have no desire to drop spending, because most voters are - frankly - idiots. They will vote for whomever promises the most, so, we're just headed for an inevitable disaster.
Over half of our national debt is directly attributable to tax cuts for the wealthiest Americans and to fund unnecessary wars (The ME wars cost $ 10 Trillion alone). On top of that, we spend more on defense than THE NEXT TEN NATIONS COMBINED. Meanwhile defense contractors make greater profits than almost any sector and all paid for by taxpayers.
Man I was really hopeful with this one... then she had to go and put ALL the blame on the government helping citizens while promoting that they need to spend more money instead on the war machine 🤦🏽♂️... I get we could do better on how the government spends. But being pro war above helping its citizens, is a problem.
What an amazing conversation ! Makes me optimistic for our future listening to this.Que Profundo !We now have our best people working night and day on these issues.
I think it's an excellent point she makes about not identifying with an idea/ideology/opinion. If we can avoid that it can allow for better debate and progress
watching this as a european (german to be specific) makes my head shaking all the time... I find this (american) view from the rich close to absurd. The whealth gap is nowhere bigger then in the USA and the rich people pay a lot for protection (gated community), trickle-down theory is non-sense and the lowering of taxes in the last 20(?) years has not lead to the (projected) goal, yet you argue that higher taxes make no sense... crazy to understand for (probably) most europeans...
I have a lot of friends that are taking retired young because they are taking advantage of the system. Just had a buddy yesterday tell me that he knows he is being lazy... but he can't stop because the free help is there. The rich pay 90% of the tax. I used to make 2 million a year. I got tired of paying so much in tax so now I shrank my company and fired everybody and retired at 30. That's what the tax code does... it dis-incentivizes the job creators. You want to raise taxes more? We will just quit and relax... then what will you do for work?
higher taxes don't actually solve anything. We just spend too much here on Gov't, but I looked at Deutschland as well, you guys spend too much on Gov't as well.
@@JustAnotherJarhead that is very true unfortunatly... my general view is: regardless how fair/just any economical system may be, if the result is, that there is a (too) big in-equality in life, that cannot be a sustainalbe system. You can't live as a single billionaire surrounded by only poor people...
The problem is what our taxes go to. Why should anyone desire to put more money into a system which doesn't achieve the desired outcome? If our tax money isn't going to the projects we desire, if our streets are unfixed, infrastructure collapsing, etc. Even with all of the money, the MASSIVE spending rate that we already do have, how would giving MORE money into that broken system fix anything? The issue is not the rate of taxation, it's the allocation of those resources. Our money is being used in programs the majority would never approve of if we had a direct democracy system and could vote to allocate exactly where our tax dollars go.
Government salaries should be cut as they extremely over paid. I had a girlfriend who became a teacher and at the graduation ceremony, the parking lot looked like a Mercedes Benz dealership. Corruption and theft at its finest.
SS is a Ponzi scheme. Look up Milton Friedman. Explains it perfectly. His book Free to Choose, is also great. The government used up the original “deposits/thefts” and the young are paying for the elderly (and it’s transferring the young, working, lower class money to the upper class elderly)… his example: a man graduates or drops out of high school goes immediately to work and makes middle to low wages and pays into SS from age 16/18 meanwhile the liberal, upper class woman is sent to college by her family doesn’t work until mid to late twenties 22/28 (so doesn’t pay in until then) and because of degree (assuming not a useless one and not counting she may or may not have any extraneous loans bailed out) makes more and would live longer while the lower class usually have a harder time living longer so the young dropout doesn’t even get to use his “pay-in/theft” while the liberal woman will be using his. What would be moral would be to keep more of what one makes rather than having it stolen as taxes and spend/save it however an individual (rather than a faceless collective/AOC/Pelosi) decides. Freedom and choice. Moral. SS is an unethical system exemplifying the moral decay of a culture.
How about an episode on how we can construct society to work for everyone. Not everyone in a society can be rich because.... Inflation Maybe businesses should put employees first over shareholders for example. Working yourself to death is not a good answer
You (and your fellow effort, pain and risk-avoidant collectivist comrades) are guaranteed to be a failure. You want other humans to sacrifice their efforts/income for your benefit. You are preaching parasitism.
i'd guess the only way that works is in a post scarcity economy. Communism and socialism is an abject failure. Sadly, capitalism is the best thing we have for now
@@hardleecure capitalism can be REGULATED. Limit bonuses, limit dividends, 100% tax over 10 million $ There ARE solutions ! If they don't like it fuck off to China see how that turns out, Bezos/Musk/Peter Thiel
Robert Reich says there is plenty of money. Corporate Socialism,fake inflation prices. Covid was a smash grab! Robber Barrons destroy every country, eventually & so it goes,over& over😴
If it is a series of fulfilling jobs without toxic people along the way , it's OK to work till 100 years of age. But the reality of working life is just too much grind and pain.
Impact Theory is my go-to. I love the host, the guests, and especially how the conversation flows so smoothly. It feels real and keeps me hooked. Great job!"
Working the extra hour and being that person that goes the extra distance matters none nowadays. I have done this my entire life and worked myself to the bone and have gotten nowhere. Its pointless to work hard and its all about who you know. For anyone young out there, don't work hard and just network. Working hard doesn't matter unless you know the right people. Knowing the right people is way more important then working hard. Now I gotta find the right people to be around that can harness my hard work because the people i been around in corporate America just abused me and and over worked me to the point of exhaustion. When I bring it up they just threaten you. Work life is super dumb and I its hard to listen to rich people talk about working lol. These two worked hella hard, I get that but most the time its luck as there are a ton of people just like these two and myself in this awesome world. The only difference in "success" or bag size is luck and not working hard. She says that we just lost 150% buying power and then says that houses dropped 30% so people should be buying. Ha, cuz normies can afford this. I really cant wait for the economy to absolutely nuke. There are so many people that need to get wrecked to have a wake up call. I hope it gets so bad that people start to hate the government and rich peoples mind sets change. This podcast is depressing.
Thank you for sharing this as I have come to the same conclusion. As an introvert type I am not able to get over it and learned this lesson too late. This episode got me in a bad mood.
100%, I've seen so many fake, stupid people get ahead in this world while being an honest hard working person just gets you screwed over if you are an introvert and not willing to screw over others. I like the guest she has a lot of good ideas if a little bit devoid of details which suggests she got ahead through religious connections. The host is a faux-intellectual that probably never did an honest day's work in his life like construction or farming etc. If the lights go out these folks will have a hard fall.
@@buddyryeSE for a second there I thought you were going to say something enlightening by your use of such a word. I am disappointed and had high expectations.
No one gets to tell me what success looks like, I have to define that for myself, if I don't do that I'll achieve 'success' and be miserable. I'm not a good leader, I've no desire to be a leader. I am a good manager and I am much happier and skilled at finding a leader I believe in and managing the niff for them. We both win. Of course I need to have a clear understand my values to ensure I am working for or with someone I believe in.
So let me get this straight: taxing corporations and the wealthy for their fair share at just 15%, NOT “ ALL THEIR MONEY” which is what the rest of us pay(15%) is asking too damn much, sorry I don’t think so. 15% mandate is not “ taxing the life out of the wealthy”. And calling my social security an “entitlement “ is bullshit cause I paid out of every hard earned paycheck from 14yrs old to 68 out for social security. It’s a paid up insurance plan. So who borrowed from it and never paid any back? Republicans? Hmmm.You rich corporate & people tears just honestly disgust me.
clue: Rep/Dem both robbed from the fund. If we maintained our 2.5 net children per married couple , you would be fine as the youth would directly fund YOUR "entitlement" . Bu it doesn't look so good for your grandkids, as they will live to be 105, and there is no math that will support their retirement at 65, with extended lifespans.
@@JustAnotherJarhead She is threatening a recession taking on Republican talking points. But the money people have been threatening recession and even depression since Biden came in but they’ve been absolutely wrong. They are so selfish - all they care about is not paying their fair share of taxes. Something really has to change with them. They are happy to fund and support a fascist and even Nazi regime in America just to save a few bucks. I don’t consider these people good Americans.
@39:44 truths that 1 extra hour puts you ahead. Being in software engr school at age 40 I saw smarter younger ppl give up earlier and yeah I got better grades and better jobs
“Businesses don’t wheel back their prices” … yes, and employees do not take pay cuts and electric companies don’t cut their prices and governments don’t reduce taxes and… almost nothing goes down.
Businesses can and do cut back their prices if they can. A service based company can reduce their prices by accepting less. A product based company or service may need to substitute for a different component. I’m just saying that it is possible and done.
Tom, the US government raised the retirement age. Recently, I was born in 1963 and I was going to retire at age 65, now they've changed it to age 67 if I want to get 100% of my Social Security payment. So your theory is wrong that because it did not work in France, it can't be done here. They already did it here and the propaganda Legacy media covered up the story.
The problem with your statement is he lives in California! Everyone is taxed to death in California. If you own a home, car even when you buy from any store in California in store or online you are taxed. There is no tax evasion in California unless you are a cash only business in which case you avoid some of the taxes but not all taxes. #getsmarterquick
This is exactly why MSM is so vapid. Here are two individuals who have figured out how to be successful and can articulate their lessons learned well. Those listening to this have been given a great deal of Insight to improve the direction they can go next. Listening to these two has been time well spent.
The crash is always coming, always has been and always will . They saying this 3 years ago and people missed out on doubling there money over that time😢
When I was a kid I was called dumbo because of my ears too. One time when my friend had called me dumbo and i responded at least I can fly. He then responded saying if you don't quit pissing me off I'm going cut one of your ears off so you'll only fly in circles.... I had no response to that.... anyways great video, very insightful! I love listening to these pods.
A couple of people just chasing more and more money. Why? To what end? How much money do you need? Enough to pass down to who? Your kids and grandkids? So they can squander it away? Unless it's like the movie 2012 and you're in some exclusive club that gets you a VIP ticket to a life raft, I don't understand the goal. Becoming super rich doesn't impress anyone but you. 100 years from now, we'll all be a complete nothing.
I hike and do extreme expeditions sailing. I don’t poop in a bag. It’s biodegradable. Use a leaf or snow for TP and all is good. I have a love hate relationship with Ted Turner.( Jane Fonda probably)
58:14 So good to hear that it's about our mindset! Enjoy the hard work > complaining will be the best determinator of our success in buying a business.
When we ditch “cash!” We’re done with this freedom experiment. Think about eliminating free, ungoverned pier to pier cash transaction. It’s the corner stone of all freedoms we know. Please 🙏 remind people to transact in cash! Have small denominations always. Less cash is available and without demand, it’s being burnt.
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!
I wish people would wake up!
Every single aspect of the current government is nothing what the founding fathers wished for this nation.
There are only criminal trash running things
I listen and learn a lot from you and your guests. Most of them are of the view that the government is the enemy. When are you going to invite someone who can give you the working man's point of view.
Weakening of state power and social protections, huge wealth inequality, and a power shift from our government to corporations is why there is so much turmoil in the USA
TomBilyeu4Freedom
OurName4Freedom WS
Yours, DanielHall4Freedom
Student loan debt keeps people from taking risks. Nome Chomsky talks about this and manufacturing consent. Now his point of view is more about politics but he says basically that the rulers of the system saw the upheaval of the 60s and '70s and the student movements and said to themselves if we indebt them to the system then they won't try to change it. I think this translates to everything though. If you have a ton of student debt the likelihood of you quitting your job and starting a business is very low.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take to recover, or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make, with dependents and other obligations included. Tbh it's an uncertain year for me.
people calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..
Well Joe , my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
add Gold and silver as well.
I’m sorry I can’t! I’ve graduated college, worked in several industries, started several businesses - failed at several; went to a couple different trade schools. Got married, raised kids, got divorced and remained.
And over the past 5 years I’ve come to terms with the reality I’ll probably never be rich.
So I found a fulfilling job with pay that suites my life style and made a concentrated effort to develop hobbies and strengthen my relationships with my family and friends.
The end result is that I finally, FINALLY! I Reached a place of content happiness. Only to be told by a couple income elites that if I’m not a self employed millionaire it’s because I’m lazy and don’t meet the “minimum intelligence” and thus I’m poor?
How about we acknowledge that the system is broken if the common citizen is failing.
100%! Not everyone wants to be the king rat in the rat race!
Whoa....well said!
You said it very well..
"I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. 13 I can do all this through him who gives me strength. Philippians 4:12-13
Everyone wants to be an entrepreneur but need to realize that maybe they aren't built to be an entrepreneur but rather an intrapreneur and both can become wealthy we just have to be able to identify which one we situate ourselves under
51:00 My son is graduating from HS in a month. He always had to work for his pocket money. Fed up receiving an hourly wage, he started a car detailing hustle and just added window cleaning. He’s doing really great and is extremely proud of the money he earns. I actually mentioned to him Cody’s advice to start a “dirty” business because most people with money don’t want to clean themselves.
As an owner of a window cleaning/pressure washing business i know he can do really well for himself by doing the dirty work! It's really satisfying work too!
@@ryaneggers6180 Thank you for taking the time to share your experience. He does love it and compares it to meditation. He makes perfect stripes on the carpeting when he vacuums the inside of the car. 😅
Worked hard, took lots of risks. Built and ran restaurants and came down with an autoimmune disease that took seven years to discover. I am 61 years old, have lost the ability to work out, work hard which I love or even be on my feet for more than an hour at a time. I have lost almost everything and am still trying to figure out other ways to make my life purposeful and make money. Otherwise, I can’t even begin to imagine those who don’t know how to keep asking questions, creating and hope. It’s gettin harder but stay open and know that no matter what, you don’t know everything. Listen more and take responsibility for your reactions, even if you lose it for a minute. I love these podcasts and you are so great at talking to everyone and getting the best out of them but it is hard to hear these things when you are a single mother, are a minority, are disabled or many other circumstances that makes it hard to stay open to all possibilities and not lose faith. Thanks for bringing all the best minds to us and asking great questions.
I can very much relate to this. 48 with autoimmune issues, bulged 4 discs working in construction 3 years ago. Lost all my money, my home, and maxed out all my credit cards. Trying to start over by living in a VW van, but I’m having a hard time getting the funds together to pay for said van.
I have literally lost count how many people I have seen talk about how they have had autoimmune conditions and in their words, have been healed by the carnivore diet. Please don’t take this as gospel from me, please have a look at all the carnivore videos and person after person after person after person, it is endless, discusses those sorts of healing situations.long fasting also seems to give really good results.
I have one. I eat meat and fast. Sorry to disappoint, but it didn't help.@@willcook403
This Video raises some crucial points about potential economic downturns and opportunities for wealth creation. I've recently come into an inheritance of nearly $900,000, and I'm being directed towards the stock market. What risk management strategies are recommended to navigate and safeguard my investment in the market during such uncertain times? Any advice from seasoned investors would be greatly appreciated!
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Jennifer Lea Jenson is my financiall advsor too; I'm truly grateful for her dedication and transparency.
What about investing in an IUL?
I hope no scammers come for you based on your inheritance comment
Hard work is so overrated. I go through life trying to get the most benefit with the least effort, and it is worked out just fine. I was a truck driver and I retired at 33. I'm now 51
Smart man
good on you, these people are full of sh*t.
How did you do it?
I worked as a carpenter for 10 years then opened my company about 13 years ago. You do much better on your own after about 5 years of building up your business. I opened a gym 4 years ago and just closed it because the construction is much more profitable and worth my time. I guess my point is investing in yourself and learning then once you understand business you can succeed in anything if you understand the market.
Might be your experience but not covering all bases.
construction is good when housing is booming, but I worked in architecture firm in 2008, when the financial meltdown happend, this industry was devasted, every peoject was put on hold or cancelled, millions jobs lost, the housing market crashed like crazy for years...
Yes, it’s great to be your own owner. But when people do not need our services (cannot afford) then what? It all trickles down.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
I think that people forget that most of those drawing social security and Medicare have paid into these systems their entire working life. As a senior, I don't think that I'm getting a Social Security check because I need it. This is something that I paid for. Further, my Medicare premiums are higher than what many non-retired people are paying.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
― Henry Ford
parrots puke
This is the way
WE LIVE IN A SYSTEM OF 100% THEFT;police state USA
police state usa🖕
Very true 👍
just because harvard did the study, doesnt mean its legit as we have all seen
Totally with you on that.
Facts
All pleasurized!
Exactly! They can do the same study 50 times until they finally get the result they want and that last one will be the one you read about.
The government doesn't just transfer money from the rich to the poor, it also transfers money from working class to the rich in paying interest.
it actually never transfers from rich to poor, it does transfer from lower middle class to the dirt poor, though. Rich don't "actually" pay taxes.
Absolutely! That national debt is only about 20% owed to other countries. Most of the debt counter parties are to US citizens who are the 1% who buy bonds.
Right I remember Reagan saying the trickle down will come to everyone! What a lie!
Ok that's untrue. I am regarded as rich by most metrics and I pay more in taxes than 98% of the populace. Also, monetary policy is designed to transfer wealth from the poor to the rich when increases in the money supply fail to increase the velocity of money (activity in the real economy) and thus result in asset inflation enjoyed by the rich. @@JustAnotherJarhead
They also transfer money from America to foreign nations.
I love Codie Sanchez! She's very smart, business savy and put together well for a world that's hard and a woman that doesn't give a damn about that. She's independent and has great work ethics.
Money is a metric but not everyone's metric. You generate your own metrics of your life, but you never get to make a metric for another. That's the beauty behind Life, Liberty and the Pursuit of Happiness. IMHO
My parents and I have worked hard our whole lives and paid into SSI. Corporations and inflation have destroyed our pensions . We have earned it!!!!
Not inflation...GREED based on the warped capitalist society America has created with no safety nets to protect its citizens. Americans continue to shoot themselves in the foot.
The government creates inflation to fund welfare and warfare. They take your money, by inflation and give it to others. It's wealth redistribution, Comrade.
What, you thought they weren't going to redistribute *your* wealth as well?
No one deserves anything, place was built on slave labor. After that it was pushed even further by cheap Mexican slave labor, meanwhile all the people in position, aka Americans that weren't braindead reaped the benefit, and now want to live the rest of their life rich, having done nothing.
You do deserve it, and so do we all. But if you've spent the last 20+ years voting for either one the two big parties, you were an irresponsible fool to think that their incessant hand-outs and expensive wars were not going to come from money printing (inflation) and the well known theft from our Soc security funds. The only party preaching fiscal discipline is the libertarian party.
1971 $1 = 2024 $.02
This is one of the best podcasts I have ever heard.
I love to hear what Codie Sanchez has to say. I learn a lot from her, even if I disagree with her. Sometimes I'm right, but when I'm not, I learn something.
I don't believe that I have ever contacted a celebrity, but I've listened to this twice and have really enjoyed it. As for my background. I was raised a Southern Baptist in the deep south. Fast forward 70 years, and now when the question is asked, what race i am? I reply. The human race.
Great show to the both of you!❤
She called California a 'failed state.' We sold all our business interests and fled Silicon Valley in late 2017. She is 100% right.
When CA state income tax was 10% we thought it was too high (so did most other people). It's now 14.9% and they talk of 16%.
Like any business when management is poor, people leave the firm. CA is astonishingly, poorly managed.
In the past, being a business owner - you knew that. These days most citizens know it.
LIFE IS SHORT! In the 'lower 48' there are several other states offering wonderful living environments - and zero state income taxes in many.
We moved to one, and it's been a huge blessing.
.
On the flip side, CA management is so bad that the chance of future management being better is pretty high. Everything reverts to the mean. If nothing else, your chance of slipping on black ice in the winter and dying from a PE secondary to your hip fracture is pretty low in CA.
Social security is NOT transference. We paid for that. Remove that from your graph and then we can talk. I used to teach graduate biostatistics. I know when someone is trying to hide information. At least define what is included in each of the four categories.
SS is a ponzi scheme.
It's arguable whether the amount payed in is worth what gets payed out when factoring changing rates of inflation. Future generations are paying for it too and it's unlikely to survive the size of the boomer generation. So imagine paying for something you know you're never going to get...simply because of demographics. Our population is shrinking...not growing.
It's supposed to be a net...as in addition to other retirement income streams...not the sole source of retirement income.
@@micmccond7 Yes, I’m well aware. I’m one of those who won’t be getting much from SS. I paid into the system from age 16 - 45 but many of those years were lower income so didn’t qualify as counting towards the 30 year minimum. Good thing I wasn’t relying on that and have my own side businesses now because it would have not been there for me, very scary. Fortunately eleven years ago, at 45, I switched over to a job with better retirement so that pension will be there in addition to my 2 businesses. Regardless, my initial comment remains true about her graph.
@@hfortenberrywhat job did you switch to? Teaching? I’m considering a similar change.
@@Zannathin I moved into Information Technology (my other passion) working for a county that uses the same pension as our teachers.
I can understand people being bearish with these conditions. However, it is not reasonable for most people to sit on the sidelines while your cash position debases by 10% or more per year..What is the best way for me to avoid inflation eating up my cash reserve of about 200k while investing it?
Inflation gives the illusion of growth. Investors should exercise caution with their exposure and exercise caution these period. See a market strategist with experience if you are unable to manage these market conditions
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. That’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
That's actually quite impressive!! I could use some Info on your investment adviser, I am looking to make a change on my finances this year as well.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
btc
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
This is amazing. “How to build wealth”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
Rachel Sarah Parrish has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Working through the night..does motherhood count? 😂 I would love to hear her advice for mothers. We’re experiencing the fact that households who need 2 incomes, yet society is not structured around children’s school schedules. Aftercare is difficult to find in my area, a big city. What can mothers do build their wealth in their 30’s? I feel like those of us who have a family are limited because we’re caught between doing what we feel is right for our kids, yet trying to financially do what is best.
This! Thank you!
Real shit
Thats a such a real dilemma. I’m not a mother so I’m not familiar with the limitations to this idea but from what I have seen from successful families with a stay at home Mom, creativity is so important and the opportunity to build a business from home. I have seen a Mom do a birthday party design/planning. Another example of creating children’s clothing out of their garage. Sorry if that’s not helpful I just figured I should share it with you.
This! ⬆️ I'm okay with working through the night, but when 1 of the 3 babies are waking up every 3 hours, I don't get much done.... then having a baby every 2 years, this lack of sleep has been happening for about 6 years....lol
Not complaining because I love my babies more than life and this is the route of life that I have chosen.
Although I am very work driven and working hard to run my business, yet juggling both, I'm treading and exhausted.
I keep telling myself if I can make it through the next year, the sleep may get easier and I can dig deeper and harder on work again. It's hard as a mom! And honestly, even myself, nobody knows how a mom has to work unless you've then turned into a mom.
We can still work hard and have grit, but we are working a 2nd job 24/7 as well.
Anyways, I agree with a lot that CS mentions and I love her.
Mom's, we can still do this. ❤
I don't think it counts because the question wasn't when you "had to" but did it because you wanted to. If you don't feed your kid, they die. You're not doing it as a hobby or passion, it's a need. You'd be doing it whether you enjoyed it or not, just like anyone else. That's not really monetizable business, it's just what all parents have done since the dawn of time. Now if you're so "in the zone" working on a concept or idea that 8+ hours go by and you're still working on it purely because you belive in it and are passionate about it, that's something you can turn into a business. That's a skill you can use on other projects which can lead to revenue. Many artists and business owners do this. The average person rarely, if ever, does it.
Something they could be done is to ban stock buy backs. If company’s weren’t buying back their own stock, which BTW elevates the stock price and allows the CEO’s etc to exercise their options and make scads of money, the company could use that capital to expand their business, improve their business thereby making more money, hiring more people and generally being more productive. That would big a HUGE deal.
That would mean that you would have to ban dilution of stocks as well. Which means they couldn't raise capital... which defeats the whole point of the stock market.
@@SmartestDumbGuyNo one likes their shares diluted. Like that ‘Social Network’ movie.
What you have to realize is instead of worrying about the big companies buying shares at a lower rate, focus on buying at that lower rate yourself.
People complain about what others do to make more money instead of focusing on what they can do to do the same.
Opportunity is available to us all! Most people just rather complain than take advantage themselves. 🤦🏻♂️
If company A says we are buying stocks back. Buy company A and the value should increase.......
Yep, but companies dont need to hire human beings any more. And they never will again unless politicians create policies to incentivize companies to hire human beings. In other words, we're fucked.
"It matters not what puppet is placed upon the throne, he who controls the money supply, controls the Empire"
The point of a government is not to maxime profits it's to help their population. Extreme competition and a system where you can go from everything to nothing with 1 bad luck keeps everybody stressed and agressive, like your guest. Societies that distribute wealth better and where people know their basic needs will be met, are much happier and healthier. We need a massive change in objective and ultimate wealth is not the right objective
Such a great , thoughtful and inspiring podcast. Tom you have a special way of lightly challenging your viewer after they finish an incredibly convincing and informative tangent that seems to need no further explanation which allows for a deeper understanding 🔥
Poverty is trickling up!
Usually poor people like to buy unnecessary shit and have to keep an image up despite being broke af.
@@minfilipino It is not just poor people who buy unnecessary shit. Middle class and rich also do that. Unnecessary for you may not be unnecessary for someone else.
Yep: the .01% are eating the 1%, the 1% are eating the 5%, etc, etc, etc.
shrink the government, save money
MOST IMPORTANT COMMENT HERE. The OVERSPENDING AND DEBT AND INTEREST PAYMENTS WILL BE THE BEHAVIOR FOUND TO HAVE DONE MORE HARM THAN ANY OTHER.
It hurts to know that one should pay taxes but have no influence on policymaking unless one is among the top 1% and their lackey politicians.
The Department of Education is administered by the United States secretary of education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for $88.3 billion .
Quail snorting cocaine studies by the NIH is a perfect example of this
I love watching your channel, you do not stop asking questions smart people ❤, thanks.
look up The Diary of a CEO for the best interview questions, hands down.
@@JustAnotherJarhead and PBD
Grit, as defined by Angela Duckworth, refers to perseverance and passion for long-term goals. It encompasses two main components: consistency of interest and perseverance of effort. Intellect, on the other hand, generally pertains to cognitive abilities, including reasoning, problem-solving, and understanding complex ideas.
Studies have shown that grit and intellect are related but distinct constructs. While there is some correlation between the two, they are not the same. Grit can contribute to success independently of intellect, as it involves qualities like resilience and sustained effort, which are not necessarily tied to cognitive abilities. In other words, a person with average intellectual abilities can achieve significant success through high levels of grit, while someone with high intellectual abilities might not reach their potential without perseverance and passion.
Therefore, while grit and intellect can complement each other, they are not inherently tied together. A person can possess high levels of one and not the other.
This is the best conversation i have ever heard in my 46 years of life. The chemistry between these two is amazing
I transferred” my money as I paid into Social Security and am entitled to get it back. Period.
Yeah. Well. Good luck.
Wasn't going to bother with this as I find all these doom recession podcasts clickbaity, but this isn't what the podcast about at all. It's actually the best podcast episode I've listened to in a while, both participants in top form for this. Felt I learnt a ton, and even a couple paradigm shifting moments. Great stuff!
History shows that financial markets follow repetitive patterns. In his book "Grand Time", Artur Grandi offers a clear-cut strategy for stabilizing investments and identifies opportunities for investment, including in cryptocurrencies.
Codie’s right and wrong about somethings just like every other human it’s the I know best delivery that can be challenging to listen to at times.
Well said
Love Cody... Just real people. All I try to surround myself with. Mad love and respect, stay free.!
It's lovely to hear wealthy people saying we can all be rich with a little bit better hustle.
"Just get up at 6am and sell something everyday.."
So we all just need to sell things to people? When we're all hot, hustling sales people, who we going to sell stuff to?
Only a wealthy person would be blind to the fact that isn't a solution for the majority.
I'm surprised by the degree of privilege blindness here.
They know that not everybody's going to do it. Also, neither of them were wealthy to start with. But I understand your line of thinking. That's why I'm replying, but you're really not making logical sense. Of course they know that not every human being on the planet is going to start a business, buy a business etc. There's nothing wrong with them giving insights for those of us who want to take that route.
The thing wrong with their advise is that sometimes it boils down to "be the crab in the bucket who drowns the other crabs to escape". Some of us are a little too comfortable with that reality.
Just stop buying your daily lattes from Starbucks. I know that's a meme, but I'm serious. Say $8 for a Starbucks every day for one business week over a year. That comes up to $2080. Take that $2080 and put it in a Vanguard fund instead. Over 25 years, that $2080 will be worth over $20k.
Now keep this up for a 10 years and also apply this principle to all the other worthless junk you buy in a year. Frugal living is how millionaires are made.
It always surprises me how the self-made (new rich) are always the most dispassionate and ignorant about the lives and fears of the underclass.
I don't think anyone ever thought Jeff Bezos was hot
The purpose of taxing the rich isn't to finance government expenditures or wealth redistribution. Taxing the rich is a strategy to prevent the corrosive accretion of extreme wealth in the hands of a tiny subset of the population. Since functional democracy is incompatible with extreme wealth inequality, imposing high taxation on the rich could safeguard democracy from the corrosive influence of wealth and the drift towards plutocracy.
Solid point, unfortunately we have already passed that threshold which is why our system is as corrupt as it is. Corporate media, bought and paid for politicians, 'two' party garbage system, everyone is fat and sick, most of our food is overly processed poison, the wealthy skirt billions in taxes, we pay more for healthcare than any other developed nation with atrocious outcomes.... it goes on and on and on.
they got rid of a lot of the profit sharing in the 80s and 90s and that’s one of the reasons why we are in a non-motivational situation at this point in time
Yes Marketing and accounts took over. HR used to have a bigger voice. They diversified, re-engineered and fucked their employees. Outsourced , created contracts and then sacked with a day's notice. Here in Aussie they created "workplace agreements", dispersing all the progress Unions had fought for previously on behalf of those who laboured. Shareholders became the new kids on the block, distorting the true value of products , manipulated by the bigger traders. So this notion of a "free market" regulated by supply and demand is an ancient and deeply corrupted mythology. The system is collapsing. Blaming the social safety net so pathetic in the USA seems to be an articulate version of scapegoating. "Look in the mirror might be a more honest strategy. Many of these economic theories that are considered "truth" were developed by colonisers, slave traders and corporate raiders, or isolated intellectuals living within a virtual reality. There are nuances of course. Subtleties but that would require a dissertation. I have traversed many "stratospheres" of society economically in various cultures, most significantly Australia, USA, Holland and England. Hard not to "smell a rat" when the division between the wealthy and those who survive on minimal working class wages or heaven forbid (sarcasm here) social security widens exponentially. I simply laugh at the first world dilemma of having money to invest. A huge proportion of people in our world are struggling to get food. Lets have some guests on the show who are representing "the Common people". Let's hear more about co-operative economies as other revolutionary ideas.
Thank you , your information is helping people to improve their lives and make informed decisions and choices in their lives. You are believable ❤😊
It''s the pathy, that's why I find myself having to explain all this stuff she should have learned as a child.
INFLATION NEVER CAME DOWN. You have to measure in a cumulative manner we have been lied to in that regard
Right.
Exactly.
I think they changed the way they measure inflation. Now its based on CPI, or consumer price index, rather than good old-fashion inflation.
She literally talks about that. Listen to the episode
Inflation is to prices what acceleration is to speed. Both prices and speed will never come down if inflation/acceleration is not negative (ie deflation)
Dont know yet but it seems like im getting ready to spend three hours hearing 98% of things I already know to be true. Not done yet tho...
Agreed, but it's nice to get confirmation in this current era of make-believe and ignorance.
It helps to have in the background while preparing my taxes
Oh yes, there is great value in all of Tom's guests. I enjoy listening and asking myself these questions. Quite humbling some days...
People don't feel they spend more. People KNOW they spend more.
Yes, they just don't fully understand why. If they did, there would be riots in the streets.
HOW TO MAKE WEALTH
Making money is action, Saving money is behavior and Growing money is knowIedge. The main step to acquire wealth is outIining your goaIs & pIans, with the aid of a financiaI pIanner and foIIowing through with inteIIigent ideas; you will acquire wealth and as weII enjoy the decision of managing your money.
Making money is action, Keeping money is behavior and Growing money is knowledge. The first step to gaining weaIth is outIining your goaIs, with the heIp of a financiaI pIanner and foIIowing through with lnteIIigent ideas; you wiII gain financiaI growth and enjoy the decision of managing your finance.
I am Iucky I made great decisions that grew my finances (gained over 1M in 2years) through my financiaI pIanner. Got my 2nd house yesterday, and hoping to retire next year.
Making money is action, keeping money is behavior and growing money is knowledge.
I am Iucky I made productive decisions that grew my finances (gained over 1M in 2years) through my financiaI pIanner. Got my 3rd house today, and will retire next year.
Give this a try and acquire weaIth. Get to her..
Elizabeth Green Hunts
Get to her..
Elizabeth Green Hunts
l am amazed to partake on this, lt has rekindIed the fire to my financiaI goaIs.
Good to be here. Thankss..
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity...
Whosoever tries this sureIy acquires wealth. Get to her..
This is awesome and inspiring. I thought about buying a small business but doubted myself. Now I am going to do it.
up to 13 mins focusing on government spending into social security, there's also a wealth transfer into inefficient companies, banks etc
You are watching two wealthy people have a discussion. What else did you expect? Everything that takes money out of their pocket is deemed inefficient. They just blindly assume all wealthy people are doing efficient things with the money and therefore "redistributing" anything away from those wealthy people is bad.
@@henrythegreatamerican8136 I mean, I like a lot of what they're talking about. CPI is kind of rigged, inflation is a wealth transfer away from workers, quantitative easing is also a wealth transfer, the main path out of it is to start a business, or something. But, to hyper fixate on THE POORS SUCK for as long as they did, felt pretty disingenuous
Problem is not that state is providing a lot of free money and wellfare to the people though in the USA. Its just that ur system is ineffective:
An array of usage and billing requirements from multiple payers makes it necessary to hire costly administrative help for billing and reimbursements.
Americans pay almost four times as much for pharmaceutical drugs as citizens of other developed countries.
Hospitals, doctors, and nurses all charge more in the U.S. than in other countries, with hospital costs increasing much faster than professional salaries.
Prices for drugs and healthcare are partially controlled by governments in other countries, but in the U.S. prices depend on market forces.
No one is ever completely self-made, I am sure the two of you didn't grow up in the slums of Africa. Your background and connections make a big difference in what you have achieved in your lives.
Elon Musk came from the slums of Africa
@@chrisaiello4896Everything is IQ-determined. Elon Musk most likely has an IQ of above 160.
The guest in this show and Tom certainly do not have an IQ higher than 140, if not much lower.
@@BBshark000incorrect. Everything is not IQ driven. If it were the world would be a well oiled machine and it isn't.
@@BBshark000 It is not just IQ it is "grit" too. You have to have some risk taking, some drive, some stick to itivness, etc. And still, 90% of businesses fail. So you must be willing to fail multiple times.
@@chrisaiello4896 Elon's father owned a emerald mine. Elon doesn't like when people know he's not a rags to riches story.
I love hosts that bring on an amazing guest, and then proceed to do all the talking. 😂
Best conference ever. This is the ultimate way to see life.
You already nailed it.
They have no desire to drop spending, because most voters are - frankly - idiots.
They will vote for whomever promises the most, so, we're just headed for an inevitable disaster.
Yes they vote in whoever will give them free money
Please point me in the direction of this mythical free money that anyone can have
Over half of our national debt is directly attributable to tax cuts for the wealthiest Americans and to fund unnecessary wars (The ME wars cost $ 10 Trillion alone). On top of that, we spend more on defense than THE NEXT TEN NATIONS COMBINED. Meanwhile defense contractors make greater profits than almost any sector and all paid for by taxpayers.
The problem is not who you vote for. The problem is that we live in an oligarchy / plutocracy.
@@JayClem-cf5vj We always have, and always will. That's human nature.
The question is, how do we minimise the pain of this reality?
I’m watching you show for the first time today and you have a lot of great 👍🏾 information and knowledge love your channel thank you 🙏
Man I was really hopeful with this one... then she had to go and put ALL the blame on the government helping citizens while promoting that they need to spend more money instead on the war machine 🤦🏽♂️... I get we could do better on how the government spends. But being pro war above helping its citizens, is a problem.
Well there is a world War coming
What an amazing conversation ! Makes me optimistic for our future listening to this.Que Profundo !We now have our best people working night and day on these issues.
I think it's an excellent point she makes about not identifying with an idea/ideology/opinion. If we can avoid that it can allow for better debate and progress
watching this as a european (german to be specific) makes my head shaking all the time... I find this (american) view from the rich close to absurd. The whealth gap is nowhere bigger then in the USA and the rich people pay a lot for protection (gated community), trickle-down theory is non-sense and the lowering of taxes in the last 20(?) years has not lead to the (projected) goal, yet you argue that higher taxes make no sense... crazy to understand for (probably) most europeans...
I have a lot of friends that are taking retired young because they are taking advantage of the system.
Just had a buddy yesterday tell me that he knows he is being lazy... but he can't stop because the free help is there.
The rich pay 90% of the tax.
I used to make 2 million a year. I got tired of paying so much in tax so now I shrank my company and fired everybody and retired at 30. That's what the tax code does... it dis-incentivizes the job creators. You want to raise taxes more? We will just quit and relax... then what will you do for work?
higher taxes don't actually solve anything. We just spend too much here on Gov't, but I looked at Deutschland as well, you guys spend too much on Gov't as well.
@@JustAnotherJarhead that is very true unfortunatly... my general view is: regardless how fair/just any economical system may be, if the result is, that there is a (too) big in-equality in life, that cannot be a sustainalbe system. You can't live as a single billionaire surrounded by only poor people...
The problem is what our taxes go to. Why should anyone desire to put more money into a system which doesn't achieve the desired outcome? If our tax money isn't going to the projects we desire, if our streets are unfixed, infrastructure collapsing, etc. Even with all of the money, the MASSIVE spending rate that we already do have, how would giving MORE money into that broken system fix anything? The issue is not the rate of taxation, it's the allocation of those resources. Our money is being used in programs the majority would never approve of if we had a direct democracy system and could vote to allocate exactly where our tax dollars go.
@@devon.dulaney I couldn't agree more with you! What you write, is unfortunatly true in most countries around the world...
Tom, raising the retirement age is the not the only way to cut expenses. And SS is an expense that should never be cut.
Government salaries should be cut as they extremely over paid. I had a girlfriend who became a teacher and at the graduation ceremony, the parking lot looked like a Mercedes Benz dealership. Corruption and theft at its finest.
We all paid into social security...it is not an expense!
Cut social security. You Boomers don't deserve it.
SS is a Ponzi scheme. Look up Milton Friedman. Explains it perfectly. His book Free to Choose, is also great.
The government used up the original “deposits/thefts” and the young are paying for the elderly (and it’s transferring the young, working, lower class money to the upper class elderly)… his example: a man graduates or drops out of high school goes immediately to work and makes middle to low wages and pays into SS from age 16/18 meanwhile the liberal, upper class woman is sent to college by her family doesn’t work until mid to late twenties 22/28 (so doesn’t pay in until then) and because of degree (assuming not a useless one and not counting she may or may not have any extraneous loans bailed out) makes more and would live longer while the lower class usually have a harder time living longer so the young dropout doesn’t even get to use his “pay-in/theft” while the liberal woman will be using his.
What would be moral would be to keep more of what one makes rather than having it stolen as taxes and spend/save it however an individual (rather than a faceless collective/AOC/Pelosi) decides. Freedom and choice. Moral.
SS is an unethical system exemplifying the moral decay of a culture.
Social security is simply a ponzi scheme, that will be inflated away with everything else.
How about an episode on how we can construct society to work for everyone.
Not everyone in a society can be rich because.... Inflation
Maybe businesses should put employees first over shareholders for example.
Working yourself to death is not a good answer
Straight up doesn’t work. All luck.
You (and your fellow effort, pain and risk-avoidant collectivist comrades) are guaranteed to be a failure. You want other humans to sacrifice their efforts/income for your benefit. You are preaching parasitism.
i'd guess the only way that works is in a post scarcity economy. Communism and socialism is an abject failure. Sadly, capitalism is the best thing we have for now
Look into the Zeitgeist Movement and The Venus Project .
@@hardleecure capitalism can be REGULATED.
Limit bonuses, limit dividends, 100% tax over 10 million $
There ARE solutions ! If they don't like it fuck off to China see how that turns out, Bezos/Musk/Peter Thiel
This conversation is priceless! Thank you so much and please keep up the great work!
Please keep these meetings coming! U guys are so great to hear! Thank you!
Don’t we pay into social security? We should get what we paid in when we retire.
No they just make it ridiculously hard for those who have earned it to live on it and cap extra earnings so they can give it to who they want!!
Robert Reich says there is plenty of money. Corporate Socialism,fake inflation prices. Covid was a smash grab! Robber Barrons destroy every country, eventually & so it goes,over& over😴
SS is grocery money at retirement at this point. And I mean bread and milk, thats it.
"Payments to Individuals" = people who have paid into Social Security for their whole lives. The entitlement with these two is crazy.
The average social security recipient gets hundreds of thousands more than they paid into the program. It is and always has been a ponzy scheme
Yeah, raise retirement age to 100. That'll motivate the serfs!
Lol
If it is a series of fulfilling jobs without toxic people along the way , it's OK to work till 100 years of age. But the reality of working life is just too much grind and pain.
Great interview from both, Codie is sensational speaker and story teller. Sound advise for the future. Thank you
Thank you Tom🎉🎉🎉🎉
What is the your meaning of the dog tag you are wearing?
🎉🎉🎉🎉
Impact Theory is my go-to. I love the host, the guests, and especially how the conversation flows so smoothly. It feels real and keeps me hooked. Great job!"
Working the extra hour and being that person that goes the extra distance matters none nowadays. I have done this my entire life and worked myself to the bone and have gotten nowhere. Its pointless to work hard and its all about who you know. For anyone young out there, don't work hard and just network. Working hard doesn't matter unless you know the right people. Knowing the right people is way more important then working hard. Now I gotta find the right people to be around that can harness my hard work because the people i been around in corporate America just abused me and and over worked me to the point of exhaustion. When I bring it up they just threaten you. Work life is super dumb and I its hard to listen to rich people talk about working lol. These two worked hella hard, I get that but most the time its luck as there are a ton of people just like these two and myself in this awesome world. The only difference in "success" or bag size is luck and not working hard.
She says that we just lost 150% buying power and then says that houses dropped 30% so people should be buying. Ha, cuz normies can afford this. I really cant wait for the economy to absolutely nuke. There are so many people that need to get wrecked to have a wake up call. I hope it gets so bad that people start to hate the government and rich peoples mind sets change. This podcast is depressing.
I agree. These people are so detached…
Thank you for sharing this as I have come to the same conclusion. As an introvert type I am not able to get over it and learned this lesson too late. This episode got me in a bad mood.
100%, I've seen so many fake, stupid people get ahead in this world while being an honest hard working person just gets you screwed over if you are an introvert and not willing to screw over others. I like the guest she has a lot of good ideas if a little bit devoid of details which suggests she got ahead through religious connections. The host is a faux-intellectual that probably never did an honest day's work in his life like construction or farming etc. If the lights go out these folks will have a hard fall.
You are the dystopian people that they refer to on this content. You have envy as your worst enemy. YOU are your worst problem. Sorry, not sorry.
@@buddyryeSE for a second there I thought you were going to say something enlightening by your use of such a word. I am disappointed and had high expectations.
Technology has been destroying Community.
New Jersey has 25% of high school students dropping out of school!!
No one gets to tell me what success looks like, I have to define that for myself, if I don't do that I'll achieve 'success' and be miserable. I'm not a good leader, I've no desire to be a leader. I am a good manager and I am much happier and skilled at finding a leader I believe in and managing the niff for them. We both win. Of course I need to have a clear understand my values to ensure I am working for or with someone I believe in.
I was surprised that both of them thought gold was $1000 per ounce.
🤣🤣🤣
Wtf 😂
Makes you think about all the other things they say and believe doesn't it?
Also weird that he thought gold was $35 in the 1980’s when it was probably about 10x that
She's so stinkn smart. I Just love her. 😂❤
It's so stinkin' true. Learned more about business from her videos inside 1 small week than I have in my entire life.
The best explanation on the path to wealth for the average person I have ever heard.
So let me get this straight: taxing corporations and the wealthy for their fair share at just 15%, NOT “ ALL THEIR MONEY” which is what the rest of us pay(15%) is asking too damn much, sorry I don’t think so. 15% mandate is not “ taxing the life out of the wealthy”. And calling my social security an “entitlement “ is bullshit cause I paid out of every hard earned paycheck from 14yrs old to 68 out for social security. It’s a paid up insurance plan. So who borrowed from it and never paid any back? Republicans? Hmmm.You rich corporate & people tears just honestly disgust me.
My thoughts exactly. And clearly, her vote is tied up with her money, and nothing else matters.
@@FloatingThroughTheRealm yeah. What disappoints me is Tom,the host, is right there in agreement with her. I thought maybe he was better than that.
let's face it... you got duped.
clue: Rep/Dem both robbed from the fund. If we maintained our 2.5 net children per married couple , you would be fine as the youth would directly fund YOUR "entitlement" . Bu it doesn't look so good for your grandkids, as they will live to be 105, and there is no math that will support their retirement at 65, with extended lifespans.
@@JustAnotherJarhead She is threatening a recession taking on Republican talking points. But the money people have been threatening recession and even depression since Biden came in but they’ve been absolutely wrong. They are so selfish - all they care about is not paying their fair share of taxes. Something really has to change with them. They are happy to fund and support a fascist and even Nazi regime in America just to save a few bucks. I don’t consider these people good Americans.
@39:44 truths that 1 extra hour puts you ahead. Being in software engr school at age 40 I saw smarter younger ppl give up earlier and yeah I got better grades and better jobs
Most people who came from the middle class of the past felt sufficiently affluent. Bring back the middle class and general contentment.
These interviews with Codie Sanchez are the best that you do n
Gawsh I need to listen to this episode again with pen in hand because there are so many excellent nuggets of wisdom
“Businesses don’t wheel back their prices” … yes, and employees do not take pay cuts and electric companies don’t cut their prices and governments don’t reduce taxes and… almost nothing goes down.
Businesses can and do cut back their prices if they can. A service based company can reduce their prices by accepting less. A product based company or service may need to substitute for a different component. I’m just saying that it is possible and done.
Tom, the US government raised the retirement age. Recently, I was born in 1963 and I was going to retire at age 65, now they've changed it to age 67 if I want to get 100% of my Social Security payment. So your theory is wrong that because it did not work in France, it can't be done here. They already did it here and the propaganda Legacy media covered up the story.
Elections have consequences
You should be able to retire at 55 . 67 is ridiculous
Its not about who is best at making money. Its about creating a happy community for all.
Prosperity goes hand in hand with happiness. Every problem you can have is made worse by destitution.
What are you talking about? Making money directly means you’re adding value
The problem with your statement is he lives in California! Everyone is taxed to death in California. If you own a home, car even when you buy from any store in California in store or online you are taxed. There is no tax evasion in California unless you are a cash only business in which case you avoid some of the taxes but not all taxes. #getsmarterquick
This is exactly why MSM is so vapid. Here are two individuals who have figured out how to be successful and can articulate their lessons learned well. Those listening to this have been given a great deal of Insight to improve the direction they can go next. Listening to these two has been time well spent.
Damn she's good; Elucidates sharp and to the point. Really enjoyed hearing her perspective on social strata & current economics
Invest in yourself first
Ya
I'm a bad investment. The earnings-to-debt ratio is awful.
@@Andthenbambwahahaha 😅😅
The crash is always coming, always has been and always will . They saying this 3 years ago and people missed out on doubling there money over that time😢
"Be afraid! You all taste so much better when you're afraid!"
-Pennywise the Clown.
A leaking dam will definitely collapse but, no one can predict the exact moment.
❤❤❤
This is stupid. I can't sit through 3 hours of this.
Bye
I usually like this guy, but this person is hard to listen to. I can't pinpoint why.
Yes, the bias and generalizations make it not worth watching the full 3 hours.
@@Dilly_Gally it's because he tries to explain something so simple in a complicated manner.
Codie Sanchez is easily the smartest business mind of our time, people just don’t know it yet
This was one hell of a conversation! The rant from 2:40:00 was epic!
When I was a kid I was called dumbo because of my ears too. One time when my friend had called me dumbo and i responded at least I can fly. He then responded saying if you don't quit pissing me off I'm going cut one of your ears off so you'll only fly in circles.... I had no response to that.... anyways great video, very insightful! I love listening to these pods.
Lmao. I think I learned something from your story.
A couple of people just chasing more and more money. Why? To what end? How much money do you need? Enough to pass down to who? Your kids and grandkids? So they can squander it away? Unless it's like the movie 2012 and you're in some exclusive club that gets you a VIP ticket to a life raft, I don't understand the goal. Becoming super rich doesn't impress anyone but you. 100 years from now, we'll all be a complete nothing.
That is very wise ......and utterly "Un-American"
Stay broke my friend!!
I hike and do extreme expeditions sailing. I don’t poop in a bag. It’s biodegradable. Use a leaf or snow for TP and all is good. I have a love hate relationship with Ted Turner.( Jane Fonda probably)
They are blinded by their wealth and hide behind it. This needs to change.
Ever had medical bills you have to pay out of pocket? If you get really sick you will kick yourself for not having enough
It took me 2 or 3 days to watch this whole thing... I've gotta say, I enjoyed this.
This lady was an interesting character.
58:14 So good to hear that it's about our mindset! Enjoy the hard work > complaining will be the best determinator of our success in buying a business.
@codie 🙌🏻 you are very courageous talking about the impact of nearby politics and your implication this way , very few talk but do
Who is this "Bollagee" person they mentioned twice towards the beginning?
I came here to ask the same. Not sure why I don't see anything in search.
Balaji Srinivasa
When we ditch “cash!” We’re done with this freedom experiment. Think about eliminating free, ungoverned pier to pier cash transaction. It’s the corner stone of all freedoms we know. Please 🙏 remind people to transact in cash! Have small denominations always. Less cash is available and without demand, it’s being burnt.
These ideas are unbelievable... wow i dont believe how blind self made wealthy people can be...😂🎉 America is becoming a Nigeria quickly
Omg ur so right! I said the same thing!
One of the best insights I ever hear: "How to store energy for long term"