The Investing & Crypto Expert: "We Only Have 6 Years Until Everything Changes!", "The S&P 500 Isn't Worth Your Time!", "Don't Keep Spare Cash In A Bank!"
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
We've got about six years before everything changes. And we thought money in the bank was safe. We thought our house was safe, but none of that's true. And the moment you put your money and your savings in the bank, You don't own. Anything. And your future self is getting poorer by eleven percent every year. And that's a problem for financial security and wealth creation. But I know where the opportunities lie and I've got answers. So could you explain it to me through the context of this? Okay, so Raul Powell is one of the most influential voices in the ever changing world of modern finance. Unpacking the secrets of crypto and how to build wealth in an uncertain future. People know their features.
They can't afford to buy a house. They have less safety. Debts from university. People in their thirties, the first generation, that won't be as rich as their parents. So what advice would you give to set myself up for wealth in the future? You start investing. But what about the people that no matter how hard they work, they still don't have that excess income to invest? You don't need huge savings. You just need to understand how to look for opportunities. For example, the SP 500 is not worth your time. Real estate doesn't really make you any money. Those days are gone. Gold actually lost you money, but investing in crypto like Bitcoin gives us stupidly high returns in shorter periods of time. Growing at a hundred and fifty percent a year. Scaling at twice the speed of the internet. So now the guy with five hundred dollars can get rich. I have no questions here then. So I'm now thirty years old ish. Having missed the boat. No. Much of the reason why I think people don't invest in crypto is they've heard stories where people have put too much in and they've lost it all. So what if you're wrong? We're gonna talk about how lots of f it up. And then how do I invest in crypto? It's really simple. Gonna start somewhere. So Do that.
And you're Mightman. Uh From a very high level perspective. And I'm being unspecific here, so I'm looking for an unspecific answer.
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