Late last week the US shocked economists with a report that contained results they were not really expecting. The economy had grown at a shocking 3.8% pace in the second quarter, seemingly “putting to rest” all of the concerns that the naysayers had about a softening job market, trade wars, the cost of living, skyrocketing defaults, declining labour force participation, sector wide crises, and slowing productivity. Sounds great right? Well as you might have already guessed there is… a lot… to unpack from these numbers.GDP isn’t a flawless measure, even in normal times, and as I am sure you have probably noticed… There is… a lot… going on at the moment. But if you do what nobody else wants to do, and actually read the data behind these figures it tells three very interesting stories that challenges a lot of assumptions that we have about how our economy “should” work.This goes well beyond just simply growing inequality, that’s not exactly shocking news anymore. BUT if you ARE looking for a sign of just how “healthy and balanced” the current market is, a new report has revealed that there are now more private equity firms in America… Than there are McDonalds… And the reason is very simple… if all of these numbers needed a headline it would probably be:… You Don’t Matter Anymore… (economically speaking of course)...
In this episode we drive deep into the insane truth about Youtube and debunking all stories behind the secret of Youtube's success
Explore the 7 powerful forces that explain why some countries grow rich while others fall into poverty.
Over just the last 6 months the job market has changed dramatically… again… Back in the good old days of 2024 all workers had to worry about was ghost jobs, quiet firing, job washing, career cushioning, invisible overtime, application black holes, resenteeism, digital downsizing, compensation compression, Burnout Attrition and when all else fails, good old fashioned rolling layoffs… but today the job market is dealing with a whole new set of trends… (and don’t worry, they come with a whole fresh list of dumb corporate buzzwords)New economic data (if we are allowed to believe that anymore) is revealing some stark realities about the ways that people are finding a job, keeping a job and progressing in a job.Unfortunately (as you have probably already guessed) a lot of these changes are throwing young workers (and in particular young men) out of the frying pan and into the fire. For the first time ever, unemployment amongst young male college graduates is the same as non-graduates, the share of unemployed people entering the job market for the first time is the highest it has been since 1988 and job mobility has effectively frozen. Now I know what you might be thinking, all things considered, the unemployment rate still looks pretty good right? Well that might actually be part of the problem. And if all of this wasn’t bad enough already… there is now a good chance that art history majors are earning more than you are!
Late last week, Sam Altman said the quiet part out loud when he suggested that AI and the industries surrounding it… might be in a bit of a bubble.
This simultaneously shocked absolutely everyone AND absolutely nobody at the same time.
The value of the ENTIRE stock market has nearly doubled over the last 5 years.
This has been driven almost entirely by just ten companies whose growth was in turn driven almost entirely by the promise of AI.
Most people understand that this isn’t sustainable, but they also understand that technology like this has changed the world before.
Improvements are slowing down as new models are showing disappointing improvements, but every day we are discovering new things we can do with these products.
For every argument there is a counter argument.
You don’t need to watch another video speculating about the future of AI because the truth is nobody has a damn clue,
BUT, what we CAN do is look back over these last three years and find out how much this whole game has cost us… because the numbers are… not good…
Discover the 6 most common paths to becoming a self-made billionaire and how you can start building your own fortune.
00:00 - Intro
00:39 - Inheriting Wealth
02:27 - Path 1 | Starting a Business
04:26 - Path 2 | Owning a Business
05:54 - Alux App
06:54 - Path 3 | Tech & Disruption
08:37 - Path 4 | Fame
09:54 - Path 5 | Investing
12:09 - Path 6 | Diversification
Invest in yourself today
How does an orphan with no money or connections build the most famous watch brand in the world? A lot of Rolex's history is shrouded in mystery and secrets, but today, we’re looking deeper into the incredible rags to riches story of Rolex, and answering the question: Why are rolexes really so expensive? Today, they're considered an investment by many, instead of just buying a watch. But, the story of Rolex begins with Hans Wilsdorf, the company’s innovative and mysterious founder. Hans was born in Germany in 1881, to parents Anna and Johan Wilsdorf, and his early childhood was filled with love, laughter and happiness - but that was cut tragically short when at age 12, both his mother and father passed away unexpectedly just a few months apart. Hans suddenly went from having two loving parents to being an orphan, and he had to go live with his uncles, who sent him off to boarding school.
In this Episode we drive deep into obvious signs if you are rich.
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Cornelius Vanderbilt left school at just 11 years old with very little education or prospects. By the time of his death, he was not just one of the richest men in the world, but one of the richest in history. This rags to riches story of Cornelius Vanderbilt looks at the epic life of Cornelius Vanderbilt, the original magnate. However, the history of Cornelius Vanderbilt includes plenty of controversies, from using brutal tactics to crush his competitors, to helping to start a war in Nicaragua. Cornelius was hated or feared by most people he met, and the story of Vanderbilt's life is an epic tale of wealth and power. I hope you enjoy!
In This Episode We deep Dive into the best business models out there and according
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Billionaires are not like you or me, but it’s really important for them that you think they are…So important in fact that some of them are now spending millions of dollars every year to PR agencies to spread the message that they are just regular people that drive regular cars, eat at regular restaurants, and live in regular homes. But in the age of flex culture why are these people trying so hard to look normal? The now convicted fraudster Sam Bankman Fried once had billions of dollars of customer funds at his disposal to live a lavish life in the Bahamas. In the early days of FTX Fried and his co-conspirators reportedly drove around in the expensive sports cars typical of crypto bros. According to evidence presented during his trial, SBF would later sell these cars and advise other executives at FTX and Alameda to do the same because it didn’t fit with the image of the company that they were trying to present to customers and investors. SBF’s shitty Toyota Corolla that paid influencers made such a big deal of was about as authentic as the companies internal accounting department. The car, the haircut and the wrinkled haircut were more carefully managed than customer funds. The group did this because they knew that the image of a boy genius that didn’t care about luxuries or power would be appealing to people looking for an honest place to keep their funds. SBF and the rest of the gang were all frauds, but putting a lot of effort into crafting a folksy image is done by most prominent business leaders for three simple reasons that are mostly bullshit. If you know these strategies, you will be able to see through what is little more than personal marketing. The first reason that they do it is because even if they AREN’T running a fraud, acting like an everyman is still gets people to give them what they want.Stealth wealth is when rich people buy products that are of high quality but does not flaunt their wealth.They do this because they don’t want the attention and problems that come along with people knowing they are rich. Billionaires doing a Bloomberg or NAS Daily interviews featuring their basic car and geeky wardrobe in NOT the same thing as stealth wealth! It’s not stealth wealth, so let’s call poverty peacocking and it’s a great move for their personal brand and any companies they represent. Humble CEOs are the new fashion, the worlds biggest companies are run by men who wear hoodies and turtlenecks instead of tailored suits and other business leaders are trying to emulate that trend because investors like it. If business leaders very publicly give up flashy luxuries it also sends the message that they will be frugal running their business and the data actually backs this up.According to a study conducted by the National Bureau of Economic Research in 2012 CEO’s and CFO’s who were not frugal in their own spending were more likely to have instances of insiders perpetuating fraud and were more likely to push equity-based incentives to increase their own income. The study separated personally frugal and flashy executives by looking for purchases like a personal car that was worth over seventy-five thousand dollars or a boat that was over twenty-five feet. Buffett does own an old beat-up car, but he is usually driven around in a fleet of suburban’s with his security team, Zuckerburg wears the same grey shirt every day, but they are custom made by Brunello Cuccinelli, Musk does rent a tiny home next to the SpaceX factory but the Wall Street Journal pointed out that he spends most of his time in an eight thousand square foot [8,000 Sqft] twelve million dollar [$12,000,000] mansion and all of these men fly private. They are welcome to these luxuries; it is their money, but there are still two more reasons why they try so hard to pretend that they don’t exist. So it’s time to learn How Money Works to find out why billionaires spend millions, to try and convince us that they spend nothing.
In this Episode we discussed on 15 things you should do if you suddenly get rich
This Episode consist of 15 Habits That Make You SMARTER Every Day, Buckle up and listen and make smarter moves.
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In this episode we discussed things you should upgrade once you get money.
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We'll try to answer the following questions:What is an asset?What are some examples of assets?What assets make you rich?What assets do I need to buy to be rich?What assets do rich people have?What are income generating assets?What kind of assets should I buy?What is the cheapest asset someone can buy?How to build wealth through purchasing assets?Is my house an asset?How many types of assets are there?How do people get rich?What are some examples of money making assets?How to turn a liability into an asset?How to tell if something is an asset or a liability?How to tell if an asset will make you rich?What assets should you invest in?How to buy assets that generate income?What are the most valuable assets to own?What valuable assets should you buy?why do rich people buy assets?How to invest in a company?How to invest?How to make money investing?
Does it seem like no matter how hard you work, save, and sacrifice, some people seem to be moving much faster than you?
What are some things that make you poor?Why do some people get rich while others stay poor?What do rich people do everyday?How to get rich?Why am I poor?Why are people poor?Are poor people lazy?What is the difference in mindset between rich and poor?What habits make you rich?What habits make you poor?What to do to be rich?
