Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Summary

Podcast Summary: Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave
Impact Theory with Tom Bilyeu & Jaspreet Singh
Release Date: February 27, 2026

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Episode Theme Overview

This episode explores the daunting landscape of today’s economy—surging inflation, disruptive AI automation, and shifting political-economic tides under Trump. Tom Bilyeu and financial educator (and entrepreneur) Jaspreet Singh dismantle headline myths, uncover the mechanics behind wealth gaps, and share essential strategies for individuals to build financial resilience and opportunity in a turbulent world.

Their lively, no-nonsense exchange covers why the economy feels so uncertain, how asset owners thrive while others fall behind, and what practical steps everyone—regardless of background—must take to protect and grow their wealth.

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Key Discussion Points & Insights

1. The Current Economic Climate & “K-Shaped” Recovery

• Persistently High Inflation and Wealth Divide
  Tom expresses anxiety about money losing value due to inflation, reckless government spending, and an unforgiving investment landscape.
  "I've still got to beat that hurdle. I've got to find a way to make enough money to make ends meet today, let alone in the future." (01:18 – Tom)

• The “K-Shape” Metaphor
  The pandemic recovery has created a bifurcated “K-shaped” economy:

  • Top of the K = asset owners (stocks, real estate, businesses) benefit and become wealthier
  • Bottom of the K = wage earners, renters, and non-investors fall behind
    “Asset owners are on the top. You want the right assets, but asset owners are on the top. Everybody else is on the bottom.” (01:45 – Tom)

2. Is Investing Gambling?

• Debate: Risk vs. Reward Tom provocatively calls investing a form of gambling, focusing on the element of betting on an uncertain future.

  • “Investing is gambling. So it's just a sort of different duration, but same thing.” (02:05 – Tom)

  Jaspreet disagrees, drawing a line between gambling’s odds (more likely to lose) and patient, diversified investing (history shows a high long-term probability of wealth building):

  • “If you are an actual investor who has a little bit of financial savvy, data shows that if you have a long enough time horizon, you're probably going to win.” (03:47 – Jaspreet)

• Quotes and Memorable Moments

  • “But when you come in as an investor thinking I'm going to own what Warren Buffet says, I want to own something for...forever... as an investor, you just want to own a piece of the economy.” (05:01 – Jaspreet)
  • "Losing is a part of the process. But I think then just because there’s risk doesn't make it a gamble because driving here was a risk. It's a gamble, especially on a rainy day." (09:24 – Jaspreet)

  Both agree: risk is an inescapable part of life and investing. The core is managing risk—through diversification, holding for the long term, and not falling for “get rich quick” schemes.

3. The Economy, Government Policy, and Trump’s Impact

• Trump’s Economic Influence & Asset Prices
  Jaspreet explains why Trump’s policies, favoring asset price growth and tax code changes for the “financially savvy,” disproportionately boost the wealthy:

  • "Trump wants higher stock prices. Trump wants higher asset prices. In general, he wants lower interest rates because lower interest rates boost up asset prices." (13:56 – Jaspreet)
  • "It's really, now, which side of the coin are you on? And so for the average person, it's horrible. For the financially savvy, it's a great opportunity." (16:05 – Jaspreet)

• Tom crystallizes the challenge:

  • "If Trump doesn't grow real wages, not nominal, not in number only, but in actual purchasing power, ...he will go down as a catastrophe economically." (16:18 – Tom)

4. AI Job Takeover & Adaptation

• AI is Reshaping the Labor Market
  Jaspreet highlights how AI is already reducing entry-level jobs, making it critical for individuals—especially those in repetitive positions—to adapt:

  • "It started with entry level jobs...if you are in that position, learn how to use AI." (19:44 – Jaspreet)
  • "We have not created enough jobs to make up for the job losses yet." (18:28 – Jaspreet)

• Personal Experience with Disruption
  Jaspreet shares his own company’s AI-driven transformation:

  • "If AI keeps getting smarter at the rate that it is, we are going to be out of business or bankrupt within 10 years..." (21:21 – Jaspreet)
  • His firm, Briefs Media, pivoted to Briefs Finance and began developing fintech tools to empower investors using AI.
  • "We went out, hired a team...building this AI and software tool...for investors to be able to analyze an investment and understand if a good, if an investment is right for them or not..." (22:35 – Jaspreet)

• Radical Productivity Gains & Societal Anxiety
  Both agree: mastering AI now offers a huge edge, but companies and individuals must evolve quickly.

  • "If you master AI faster than anybody else over the next few years, you're going to have a tremendous advantage. The window will close, but it exists now." (32:17 – Tom)

[Notable Segment: AI’s Impact on Everyday Businesses]

"[A window washer]…said, 'I'm using AI in every part of my business...AI tools to design your route...to spend the least time on the road, waste the least gas, can get to more houses in a day to drive up revenue." (29:20 – Jaspreet)

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5. Crypto: Revolution or Risk?

• A Speculative Asset Class

  • Jaspreet views Bitcoin and crypto as “speculative”—valuable for diversification, but volatile.
  • "I like the idea of diversifying against the dollar. But it's hard to fully grasp the true value of something that you cannot see, feel, and touch." (36:28 – Jaspreet)
  • In tough times, speculative assets like Bitcoin are often the first to get sold.

• Future Legitimacy Tied to Policy

  • "If the next president comes in...and they say bitcoin is a scam, that's not going to be good for bitcoin." (38:47 – Jaspreet)

• Tom: Bitcoin is Marching Toward the Mainstream

  • "Bitcoin specifically will look back and laugh at like the question marks that were over it. Because kids today...for them, it's like obvious that it's just a standard thing." (39:16 – Tom)
  • Ultimately, Bitcoin’s value is bolstered by its portability and lack of inflation risk, especially in times of crisis.
  • "A big part of this is if I memorize my seed phrase, I can travel..." (43:13 – Tom)

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6. Taxes, Wealth, and Systemic Inequality

• Wealth Tax: Theory vs. Reality

  • Jaspreet: Historically, taxes “on the rich” eventually hit ordinary people. The wealthy find (and create) loopholes; policies end up hurting the middle class.

    • “Income taxes started off as this idea of taxing the rich [but] now [they’re] how do we tax the middle class.” (50:19 – Jaspreet)
    • "The problem with the wealth tax is what it can lead to without a proper format on how do you actually use the money." (52:07 – Jaspreet)

  • Tom: Government overspending and high taxes won’t solve root issues.

    • “This is a rhyming couplet that we hear all the time. And governments eventually get confiscatory once they start printing money." (52:37 – Tom)

• Financial System: Rigged for the Savvy

  • “The system is rigged...towards the financially savvy and the rich. And that's why people are angry.” (53:18 – Jaspreet)
  • Wealth in a capitalist system comes from owning assets, not just earning wages.
  • Education around these realities is lacking—and it’s by design.

• The Tax Tsunami

  • Jaspreet runs through the staggering array of taxes most people pay:
    • Income, payroll, sales, property, capital gains, estate, tariffs, excise, and more.
    • Reducing taxes—even by 1%—can make a huge difference in investment growth.

[Memorable Quote]

“The system profits off of being financially stupid. The system doesn't teach you to be financially smart.” (57:08 – Jaspreet)

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7. Financial Education and The 10-Year Road to Wealth

• The "Decade of Sacrifice" Mindset

  • Building genuine wealth takes a decade or more—cutting spending, increasing earnings, and investing consistently without falling for shortcuts.

    • “If you're willing to spend less and earn more so you can invest like crazy and you do that for a decade, you can be in a completely different financial situation.” (60:13 – Jaspreet)

  • Year-by-year, it’s a slog, not a sprint: struggle before relief; progress is slow; get-rich-quick seductions are everywhere.

• Purpose of Financial Education

  • Money as a tool for stability, opportunity, and helping others.
    • “We need more good people with money, period.” (63:00 – Jaspreet)

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Timestamps for Important Segments

• [01:18] Tom opens with inflation & asset inflation anxiety
• [02:05 – 09:24] Investing vs. gambling: risk, reward, and time horizon
• [13:49 – 18:24] Trump, economic policy, and winners vs. losers
• [18:24 – 22:17] How AI destroys and creates jobs, impacts investing
• [22:17 – 27:53] Jaspreet’s company pivots to survive AI; Briefs Finance story
• [32:17 – 35:50] AI as opportunity: productivity and industrial revolution
• [36:02 – 44:46] Bitcoin’s role, volatility, and where crypto fits in portfolios
• [45:19 – 53:18] Wealth taxes, system design, and real consequences
• [53:18 – 64:32] Systemic bias, “decade of sacrifice,” and the urgent need for financial literacy

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Notable Quotes (with Timestamps)

• “You have to get now educated, because the system is not going to teach you.” (53:18 – Jaspreet)
• “I call it a decade of sacrifice. And there’s no sugar coating it...That way you can invest like crazy.” (60:00 – Jaspreet)
• “Money isn’t everything...But if you don’t have money, the reality is money problems are one of the leading causes of divorce...and suicide.” (63:00 – Jaspreet)
• "If you're struggling with money, unfortunately, the White House is not going to fix your house. You have to care about your house." (59:15 – Jaspreet)

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Call To Action

• Where to Find Jaspreet’s Financial Content:
  • YouTube Channel: Minority Mindset
  • Free Newsletter: Market Briefs
  • Live Investor Workshops (next on March 18th; ongoing signup/waitlist)

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Tone & Closing

Tom and Jaspreet keep the conversation refreshingly direct and practical, mixing urgency about economic risks with real optimism about individuals’ ability to build wealth—if they learn the rules and start playing smart.

Overall takeaway:
The economy isn’t built for the average person—but neither is it hopeless. By understanding how policy, markets, and technology actually work, anyone can start to move from the bottom to the top of the “K,” especially if they master the modern tools (like AI) and prioritize long-term, educated investing over gambling or shortcuts.

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Summary prepared by Podcast Summarizer (2026)

Transcript

[A]

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[B]

Nine out of the ten largest banks get it. They get Advantagescore. The modern credit score is the leader in predictive power, improving mortgage default predictions and saving lenders billions. Better predictions, better for your business with VantageScore. Welcome back to part two of this incredible conversation. Without further ado, here we go. When I look at the economy, I may see something different than you. So I look at the economy. I don't have a team of researchers, so that's probably part of this. But I see these whipsaw movements. Up, down, doesn't matter. Down, back, up, doesn't matter. Asset class, almost doesn't matter. What I see is my money's being inflated away. I understand that the government is going to print. I understand that the government did print. So even if right now inflation is less than 1%, we've still never come down from the 25% raise. So I've still got to beat that hurdle. I've got to find a way to make enough money to make ends meet today, let alone in the future. I'm looking at AI coming down the road like a freight train, and I might be thinking, I've only got seven years left of my career. And then like, I don't even know what the world is going to look like. So you've got massive uncertainty. You've got such reckless spending behavior on the left and the right. So no one in government is coming to save you. And if you understand anything, you recognize, oh, I'm on the bottom part of the K. I want to get to the top part of the K. And it couldn't be more simple. Asset owners are on the top. You want the right assets, but asset owners are on the top. Everybody else is on the bottom.

[C]

Cool.

[B]

I need to get up into that top. Awesome. Gambling is a thing because it triggers the dopamine reward center. So investing, forgive me if you don't agree with this, but investing is gambling. So it's just a sort of different duration, but same thing. And so people, oh, I could do that slow buffety gamble. Or am I going to do call she and just, hey, I get it. Do I? What do I think? Super short term, up, down, whatever, I get it. Nice and easy, place my bet, see what happens. And then on top of that, if any of this stuff can be gamed, then it's like you had the people standing outside the stadium while Bad Bunny was rehearsing to figure out what was the set going to be, timing the woman singing the national anthem, how long was that? And then going and placing bets. You've got people inside of companies almost certainly doing insider trading on this stuff. This, this is literally GameStop all over again. It is cultural energy catching people up in this euphoria that you can make all this money. We saw it with bitcoin, we saw it with NFTs, we see this kind of behavior over and over and over. And now it's just that the market is so bad for young people. They're so on the wrong side of the K that yep, yolo, doesn't matter. I'll do whatever I can.

[C]

Well, I wouldn't say investing is gambling.

[B]

Let's fight to the death. Convince me why is it investing?

[C]

Before we do that, I do want to address what you're saying about the, the entire, the gambling industry being so popular because of the way the economy is. Because this isn't the first time we've seen something like this happen. Las Vegas didn't get built because people wanted to get out of a bad recession. When the 2008 boom and bust happened, it wasn't because people felt like they were poor. It's people wanted to get richer. During the 2000, mid 2000s time, people didn't feel like I'm being left out of the economy in the sense that oh my God, everybody is rich, I can't afford life. It's I want to get richer because everybody who buys a house is getting rich. So let me go buy six houses under my cat's name because the bank is going to write any check that they want. So same thing in the 2000 crash. Not to mention if we take a look at sports betting, the average 18 year old, 21 year old, 22 year old who is betting on the Lakers or the Lions, they're not that feeling. I feel like I'm left out of the economy. It's because I'm still in college, all of my friends are making money and betting on sports betting, it makes games more interesting. It's become cultural. Yes, I do think now there is a new aspect which is I feel left out. And because I feel left out. I am desperate. And because I'm desperate now, I make stupid decisions because that has happened time and time again. Whether it's sports betting, whether it's gambling, whether it's buying get rich quick schemes, whether it's buying random meme stocks, whether it's day trading, whether it's buying random cryptocurrencies, that's going to be the case. So I don't, that's why I don't think that it's just because of the economy. I do think the economy has an impact on it. But now going back to is investing gambling or not? What is the definition of gambling? Gambling is more likely than not that I'm going to lose. In my opinion, in the investment world, if you are an actual investor who has a little bit of financial savvy, data shows that if you have a long enough time horizon, you're probably going to win. All you have to do is own some of the right assets, stocks, real estate, you can have some speculative assets, own a little bit of gold. And over time, stocks go up. Over time, real estate goes up, over time, gold goes up. And we could take a look at any 10 to 15 year period of our economy and you'll see that trend to be the same. You just have to hold on. The problem is we get in thinking investing is a six month game or a two year game and if that's your mindset, you're probably going to lose. But when you come in as an investor thinking I'm going to own what Warren Buffet says, I want to own something for the time period of forever. And when that's your mindset, if you believe the economy is going to grow, that in 10 years from now the economy is going to be bigger than it is today, in 50 years from now, it's going to be bigger than it is today. As an investor, you just want to own a piece of the economy.

[B]

Yes. Now let me say why I think that it is gambling. So gambling is betting on a future state and saying I believe it's going to be this. You can make money in the stock market on stock market going down. So I think we can agree that that kind of thing is obviously gambling because you're not value investing. You're not saying if I hold this long enough, you're saying no, I think I understand the direction better than somebody el any game where you can win and lose. Okay, now we're not just value investing. So even Buffet is looking at an investment and he's trying to indicate a value system that he uses when he says I want to hold forever because he never holds forever. So he reads where he thinks the market is going to go and he places his bet. I think the reason that we advise people because like you, I mean our advice sounds almost identical which you haven't given in this episode, obviously I'm assuming people are here because they know you to speed run it, diversify across a bunch of different economic forces, hold, don't try to do anything fast, don't day trade, don't try to outsmart people. It's very good advice because on a long timeline that tends to be true. However, the only reason that I'm telling people to do that is because I believe on a long timeline that will end up being true. That's my bet. And so I might be trying to go into the lowest volatility game in the lowest volatility casino that I can find, but I'm not fooling myself. I will lose money if I'm wrong in that assumption. And so I don't want people to think that investing is a force of nature and it is an only up phenomenon because time is one of the variables. And if you have to sell and you've been holding for 12 years, I mean if you bought in like the height of the dot com craze and it crashed, there were some that it took 20 plus years for it to get back to break even, let alone going above other companies just straight went out of business. So if you were like, listen, I'm not going to be reckless, I'm going to hold pets.com for 30 years. Well they went out of business, so fuck you. And that person is now like, what happened? I was doing the things that I thought I was supposed to do. I watched a shift, I saw, hey, like this is going where it's supposed to be going. Pets and the Internet, like how can I lose? I'm going to hold for 20 years. So all of that, like I have never quite been able to understand why people don't want other people to categorize that as gambling. It's just think the way I would encourage people. Think of it as you want to find the depending on your personality, the lowest volatility, highest likelihood that you beat the house. But if you trick yourself into thinking that this isn't a gamble, you're going

[C]

to get in Trouble, you are 100% going to lose. Losing is a part of the process. But I think then just because they're risk doesn't make it a gamble because driving Here was a risk. It's a gamble, especially on a rainy day.

[B]

So to you, a gamble is only a thing that you lose because that was your early definition.

[C]

Gamble is something where you're more likely to lose than win.

[B]

That's your definition.

[C]

I mean, you're more like.

[B]

I don't think that is the real world definition. Let's look it up.

[C]

Let's look it up.

[B]

The activity of playing games of chance for money or of betting on the outcome of future events, such as a result of races or games, doesn't say anything about winning or.

[C]

Well, then, in that case, me going to work is a. Is a gamble.

[B]

Yeah, sure. If you want to say everything in life is a gamble, I'm on board now. People are oriented the right way. So just like driving to work, you may die. It's a lot safer than paragliding to work. And so I advise you take a car and not paraglide. If you're going to fly somewhere, I highly advise that you take commercial aviation. I don't think you should jump in your friend's airplane. Single engine, single pilot. Even if it has a parachute, which is real, by the way. There are actual planes with parachutes. There are safer ways to do it and less safe ways. But getting people to understand the most dangerous thing you will do in a given day is drive. And so when you lose sight of that, you start making stupid decisions.

[C]

But I think this is where now there is a important part to remember people, the importance of investing. Because if you don't invest, that's also a gamble. And I would say that's an even bigger side. It is an even bigger gamble, yes. Because right now, if I go to the bank, I think I'm earning 1% interest. Well, the reality is you're the one that's paying the bank's interest. Which might sound weird when you say, well, dustpreek, no, I put $100 in there, they paid me a dollar. No, if inflation is 3%, the bank paid you a dollar. They took the $100 and they lent it out to somebody else and charged them 5%, 6%, 18% if it was a credit card and they paid you a dollar. And the dollar one hundred one that you have today after interest buys you less stuff. So now when we think about that, if everything that you do with the money is a gamble, sure, if you want to call that all a gamble, you can. But as an investor, you will lose money at some point. But if you build a proper portfolio, stocks, real estate, maybe some speculative crypto, startups, whatever. You own a little bit of gold now. You have increased your odds to actually win. You're never guaranteed to win. That's a part of life. You're never guaranteed for anything. But when you invest your money in that way, you have a much higher probability by looking at history that you can actually make money and build wealth. But you got to cut out the noise, the crap, the shiny objects, and be willing to invest on research as opposed to just news.

[B]

Taking a short break. But there's more impact theory after Stay tuned.

[D]

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[B]

Thanks for staying tuned. Now, let's get back to it. In this moment, how can people get ahead? We've got Trump, who's erratic. In fact, let me start there. Do you think Trump is good or bad for the economy?

[C]

I think for the financial savvy, it's

[B]

great because he creates change and there's shifts.

[C]

Absolutely. He creates change, there's shifts. And it's very clear that he wants asset prices to go up. So if you're an investor, if you're an asset owner, Trump wants higher stock prices. Trump wants higher asset prices. In general, he wants lower interest rates because lower interest rates boost up asset prices. We think lower interest rates make it cheaper for the average person to afford life. That's not true. Lower interest rates put upward pressure on asset prices, which make asset owners wealthier. Higher interest rates, but downward pressure doesn't mean that asset prices go down, but it puts downward pressure on asset prices. While I'm making the average consumer who relies on cash wealthier. Because now your cash, your dollar that you have in the bank can buy you more stuff. So he's made it very clear, I want a weaker dollar, I want higher asset prices. So for the financially savvy, he's great. He's making you rich, plus a tax code, which is making the rich and the financial savvy even richer. Now, for the person that doesn't understand that it sucks, because where do you win if you're making 30, $40,000 a year? Tax cuts don't make a difference because you're already barely paying anything in tax. Yeah, you got your withholding tax. Don't forget, because of the standard deduction, your effective tax rate is very low. So taxes are not that important. You might not be getting a lot of government subsidies once you get past 30, 40, $50,000 a year, depending on where you live. And then if you don't own assets, you don't get to win in this economic game, because our system, a capitalist system that we live in, benefits the capital owners. It benefits the people that own the assets, not the people that are working in the assets. Well, he's working to drive the capitalist system in that way, although it's not exactly a true capitalist system. When the government is buying specific stocks on the stock market now, we're playing favorites, which, again, good for the people that understand, bad for everybody else. So it's really, now, which side of the coin are you on? And so for the average person, it's horrible. For the financially savvy, it's a great opportunity, but anybody can be financially savvy.

[B]

You said something I think is really important, and I'll crystallize my view, which is if Trump doesn't grow real wages, not nominal, not in number only, but in actual purchasing power, if he does not increase real wages for the average person, bring the bottom of the K up, he will go down as a catastrophe economically. Now, there are things that he's doing that may pay off. He may actually onshore things back to the US Bring a bunch of manufacturing jobs, which would be huge. But if, to make a long story short, if he does not drive the wages of the average American up, he's toast. And the average American is toast. And we are, and maybe you and I read this differently, but I feel like we are at a crisis point where I see all the unrest in the country and I'm just like, this is an economic problem. This doesn't have anything to do with anything other than economics. And when people feel disenfranchised, when they feel that they can, they have nothing to lose by burning the system down. Because it has been so bad to them, then they're going to burn it down.

[C]

We have a guy in my office, Stephen, who says all the time that men without a purpose cause a lot of problems.

[B]

Yes.

[C]

And for many men, that purpose is what I do for work. Well, the job market sucks. You can look at unemployment as one way to look at the job market, but really now, when you take a look a little bit deeper, there's a concept called underemployment. Underemployment is, I went to college, I got a computer science degree, but I'm flipping burgers at McDonald's. I got a job, I'm not unemployed, but I'm not doing what I should be doing or what I think I'm capable of doing. We have a fast growing number of Americans that are underemployed and now come in AI, which changes the job market drastically. And this is going to be, you talk about bringing jobs back. It's not just going to be manufacturing, it's going to be these AI jobs because it has drastically, drastically changed the job market already through a reduction or

[B]

just moving people from one task to another, moving.

[C]

But right now a reduction AI has let is we have not created enough jobs to make up for the job losses yet. The goal and the idea is that we will have more jobs in the future. When is that future going to happen? I don't know. ChatGPT came out in the end of 2022. It's only been a few years. And in those few years we've seen a drastic change in the economic workforce. And really a lot of that started in the last 12 to 18 months. The reason being, as AI slowly starts to get smarter, more and more companies are saying, why do we need 10,000 human employees? What if we have 3,000 human employees and 7,000 AI agents? Actually, no, 70,000 AI agents. Because it's going to cost us a fraction of what it would cost US to have 7,000 other human employees. These 70,000 AI agents don't need a vacation, they don't need time off, they don't need sick days. They're not going to complain. They're going to do what I tell them to do. It's going to take a learning curve. But how about we start investing in that now? And it started with entry level jobs. I mean, I don't have a solution for this. But people that are in the entry level job market, it has become incredibly difficult because now all of a sudden that ability to learn on the job becomes why do we need to teach a human how to learn on the job. Why don't we just teach an AI tool to learn? That way that AI tool can get smarter and it's a fraction of the cost. And so it's made it extremely difficult for the entry level person if you are not doing something creative, to now go get a job. Which means if you are in that position, learn how to use AI.

[B]

How does this influence your investing framework?

[C]

In many ways. Number one, obviously we use AI in our research, but AI cannot substitute our analysts going and attending a trade show, going and attending a government summit. It cannot go and us talking to an executive because we're going out and doing that. Because what AI can only find is what's on the Internet. But it can help you understand and framework your investments and find things that maybe you didn't find by itself. So we use it to supplement what we do. But it has changed our company drastically. And so every time I talk about AI, I speak from experience because I had a oh, crap moment in 2025. It was scary. We were so my company, Briefs Media, it was Briefs Media in 2025. We focused on only two things, news and research. And I'm not a very tech savvy person. Like I have to have my wife tell me how to use Netflix and I use DoorDash for the first time. And I was like, this is the most confusing thing I've ever seen. So that's my tech knowledge. And I start to see ChatGPT getting better answers and starting to get smarter. And I'm sitting at my desk and just playing around reading articles and I realize one day, oh my God, if AI keeps getting smarter at the rate that it is, we are going to be out of business or bankrupt within 10 years because it will be able to produce content way faster. And maybe it won't be exactly as good as ours, but I mean, who cares? At that rate with how fast it can produce stuff, it's going to make our business extremely difficult to run. Then I started doing some more digging and I realized, oh, AI doesn't get smarter linearly, it gets smarter exponentially. We have five years before we're out of business or bankrupt. And we have a team of employees in our office. We have a beautiful office, we have all this stuff. And I'm sitting there at my desk sweating bullets like, oh my God, what are we going to do? True story.

[B]

Oh, I'm intimately familiar.

[C]

So I'm sitting there and I fortunately travel for work pretty often. And I'm traveling and I'M talking to business owners and stuff and I'm just like, oh my God. Everybody's like kind of on the same boat as me. And so we had an all hands meeting in the first half or around mid-2025 and I said, listen, this is going to be difficult to hear, but let's take a deep breath and let's go through this. We're going to be bankrupt in 10 years. Just kidding. Sigh of relief. It's five years. Oh my God. What are you talking about? So we're going to transition. We're no longer going to be Briefs media, we're going to be Briefs finance. And we're going to now not just be a media company, we're going to be a fintech company powered by media. And so now we have this news, we have this research, but we added in a core component which is technology, which we've never ever touched before. But I said, listen, either we do this or we all lose our jobs, including me. And so we went out, hired a team of developers, machine learning engineers and people who can now help us build software and AI tools to help investors. Because the reality is what's going to happen and what's already starting to happen is more and more investors are saying, how about I analyze the stock? Not by going and reading the financial statements, not by listening to the earnings calls. I'll just ask ChatGPT, should I buy Chipotle stock? This is happening very often now. I'm sure the problem with that is ChatGPT is kind of a all encompassing AI tool. You can go to it to talk to it about your emotions, you can talk to it about your job, career, you can talk to it about your investments, you can talk to about whatever the heck you want. And it has very limited financial data because if you really want to analyze a stock, you need what's called data. Now when I say data, what the heck does that mean? I mean true numbers. Like if I'm starting the Chipotle stock, what was this cash flow in 2019? As you start to get digger deeper into these financial numbers, this is not in a lot of the or is not in the main AI tools. It doesn't have access to that. So what we determined is what we need to do is be a tool, build a tool for investors to be able to analyze an investment and understand if a good, if an investment is right for them or not without getting into the we are telling you what to invest in. So we, from that day forward we transitioned and we have been spending countless Dollars, countless amount of hours and energy building this AI and software tool which we haven't launched yet, but we're launching it in 2026 as a way now for people to go into our briefs terminal and say, I want to invest in Chipotle, help me understand and analyze this investment. And we want to be able to give you that answer with accuracy based off of data from the last 10, 20, 30, 40 years to say, here's what the data says. That way. Now you can analyze an investment with proper. Imagine you asking ChatGPT or asking your, your best investor friend that you know. Now take the best investor friend that you know, make them 100 times smarter with access to every investment book that you've ever heard of, with access to every data point of investment for the last 40 years. That's the type of tool that we want to build. It's smarter research that way. Now when you go into analyze an investment, you can have much more knowledge to understand where money is moving. And the reason why now I'm really excited by this is because now when you think about the average, the average investor, we're talking about the person that's on Robinhood just buying random stocks. What do you do? I hear about something trending on cnbc, I hear about something on Reddit, and I'm gonna say, oh, cool, people are making a lot of money on this. What is my research? Well, for a lot of people, that research is, it's on the news, so it must be good. And that's why a lot of people buy high and sell low. You laugh, but it's true.

[B]

Yeah, that's Gallo's humor.

[C]

I'm afraid the next level of research is I see that this stock is trending. Let me try to look at the financials. But you get a little overwhelmed when you look at the financial statement because you understand that if a company has more assets than liability, that's good. The revenue is growing, the expenses are not skyrocketing. Okay, that looks good. Maybe I should buy this. But there's so much deeper analysis. I mean, why does Warren Buffett or when he was working actively, why did you spend all day reading these financial statements? Because there's so much knowledge that goes into it. Well, what if you could do all that knowledge now with a few clicks of a button? And that's what we're building. It's not live, but briefs terminals and there's a wait list for it. But that's what we want to ETA. We're hoping summer 2026. Let's go, let's go soon. Yeah, it's been one heck of a process because we have been working around the clock, and I mean around the clock, because we have developers now in different parts of the world. That way we can work around the clock while I'm trying to figure out how to boost my technology knowledge because I can't be so stupid when it comes to tech anymore, at least in the work, in my work. And so we've been trying to build this and figure it out because it doesn't exist yet. And it's a whole new landscape. And that's why I say AI is changing the economy. And I'm telling you from firsthand experience, because we don't have a need to hire the same entry level journalist that we would have before. Yeah, we just don't need to.

[B]

We can, we've got to do the same thing. We, we dramatically reduced our staff a little about a year and a half ago now. And every time if we transition somebody out, our first question is, can we just have AI do this? And we can't always, but I mean, 30 to 40% of the time the answer is yes. So it's pretty wild. Or now one person with the help of AI can do multiple things in the same number of hours. It's really transformative.

[C]

But do you know why that matters now from the investor standpoint? Because in all of the financial news, they talk about productivity. What does productivity mean? What every company is going to want is that every individual human five years from now should be able to do what 10 humans do today, if not more. And so if you don't learn how to use AI to make it work more efficient to do more work, finding or keeping a job is going to become more difficult.

[B]

Agreed.

[C]

And I don't say this to be scary or kind of doomsday. I'm saying this because I'm seeing it happen in my company today. And there are companies that are anti AI. I feel bad for everybody in that company.

[B]

Dude, that's so crazy to me. And because I'm in the arts field with game development, I'm surrounded by a customer base that despises AI. Companies that have to like say, we'll never use AI. And I'm just like, you literally just said, we would like to go out of business now, please.

[C]

I was meeting with a window washer. I mean, as non technical as it gets. And what he was telling me is, Jaspreet, I'm using AI in every part of my business. I was like, what? What Are you talking about? He's like, yeah, well, you know, before when I used to have to give quotes, it was, I drove to somebody's house to give a quote on how much it would cost. Now there's AI tools that will give automatic quotes and they're pretty, pretty good. But then when I have my guys go out and they, they wash windows, before it was really hard to kind of come up with, go to this house first and this house and this house. And a lot of times there was a lot of wasted time in building that route. But also then people will go to this city, then this city, and then back to the city. So it was a lot of just wasted time on the road. And so now there are AI tools to design your route. That way you spend the least time on the road, waste the least gas, can get to more houses in a day to drive up revenue. Like, oh my God. And now some. There's the companies that are understanding, well, let me get more five star reviews because I don't know how to reach out to people. I can use my AI tool to get positive customer reviews, get feedback, encourage people to leave a review on Google and all these other things. And like, wow, you're, you're, you're innovating in this window washing business. Well, the average person saying, well, I can't take my job as a window washer. Maybe not yet, but there's, there's companies that are innovating there. And that was like that. Oh my God. It's like it's really coming in every industry. Mm.

[B]

We're hitting pause for a moment, but there's plenty more ahead, so don't go anywhere.

[E]

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[B]

Thanks for sticking around. Let's get right back into the action. Yeah. People turning a blind eye to AI is the most bizarre thing I've ever seen. It is exactly like people that were saying, oh, the web is ridiculous and I don't even want a website. And we're telling our customers we'll never sell things on the web. And it's like, okay, good luck with that. It's such a strange way to interface with the world. The fact is, culture moves on, technology moves on. Innovation is real. To your point about productivity, if you want GDP to go up, then you have to get more productive, meaning you have to get more done per person or have more people. But like, ultimately, if you want to increase productivity, you're really trying to get more from the same set of people, or, I mean, God willing, that you can get more from fewer people, which is exactly what we're going to see now. And listen, I get why people are going to panic in terms of, okay, change is scary. I don't want to lose my job. But the way that we're trying to get people to think about it is you have an opportunity to either become the greatest employee at your company if that's what you want to do, because if you master AI faster than anybody else over the next few years, you're going to have a tremendous advantage. The window will close, but it exists now. And then, alternatively, if you want to start a company, there has never been an easier time. You can literally start it with AI employees, which we teach people how to do. It is really an incredible moment. Wildly disruptive, and I get the anxiety, but there's an opportunity for people that are willing to master it.

[C]

Yeah. And I think part of the anxiety comes from how fast it's shifting. No doubt, because the World Economic Forum says that we're entering the fifth industrial revolution. The first one was factories lasted about 100 years. The second one was electricity lasted around 50, 70 years. The third one, now we get into the Internet, and now we can start to see the Internet was, you know, a few decades, two, three decades of time where it really started being launched to being implemented. Then industrial revolution number four in the 2000s was smart technologies. So taxi drivers being replaced by Uber and hotels and Airbnb and other types of smart technologies like that. And now we're already entering the next one, which is the convergence of human and technology. And every time these industrial revolutions have happened, whether it took 100 years or 20 years. There was unrest, economic change, and a shift of wealth. Well, now it's happening so fast that that wealth shift is going to be bigger than ever. And it's happening so fast that the average person can't keep up with it. And so now the, the ability to grasp and understand this shift. There's no time which time was there before, but because of how fast it's evolving, that time doesn't exist anymore. And so you have to, in this economy, you have to get ahead of it or you're going to be the person on the losing end. And we've seen that happen time and time and time again, whether it's the people that lost their jobs to factories, lost their jobs to the Internet. I mean, I'll tell you a funny story that my grandparents used to tell me. My grandmother's village, when she was growing up, it was not a high tech place. So when people then had to go to the bathroom, they would go in the fields. My grandfather said, no, we were advanced where he grew up because they had buckets, they had a bucket system. So they used to go in buckets. But there was a guy that would come every week and take the bucket and replace the bucket. Well, along came fun job, along came plumbing. Then the crap picker upper gets laid off because now you no longer have that job because of innovation. So, you know, innovation happens in many different ways, but without innovation, a lot of us might still be going in buckets.

[B]

Yeah, no doubt. Speaking of innovations, what do you think about crypto? So to you, is it a revolution in finance? Is it a scammer's paradise? Like, what do you think about crypto?

[C]

Yeah, I think a little bit of both. The way I treat it as an investment, purely as an investment, I look at it as a speculative asset. And the reason why I say that is when I invest my money, I have five assets, my own business, real estate, stocks, speculative, and then 2% gold. Now my speculative, that's things like crypto, things like startups, things that can go up very fast and also fall very fast. So I am not a crypto expert, but I started seeing this idea of Bitcoin back about 10 years ago, started buying a little bit of it. And then when bitcoin started to shoot up, I started selling some of it so I can buy more real estate. But for me, I understand that bitcoin can go up very fast. It can also fall very fast. I think there's a lot of opportunity with it. I like the idea of diversifying against the dollar. But it's hard to fully grasp the true value of something that you cannot see, feel, and touch. Because if we were to go through a recession, people need food. And bitcoin prices, or crypto prices in general, are a lot more volatile than other assets. Like, we can look at when 2022 stocks fell by 20%, Bitcoin fell by 60%. 2020 stocks fell by 30%, Bitcoin fell by 50%. And we just see a lot of big swings up and down with bitcoin. Now, that's kind of just the general nature because it's a newer asset. But if now I run into a situation and I'm in a recession, I need to sell, there's a good chance that I'm going to sell whatever assets that I don't truly believe in for the long run. Right? And if I don't see a immediate value with bitcoin, I might sell that. And unfortunately, bitcoin, we know, or crypto in general, is much more volatile than other assets just from history. So that's where I think there's opportunity. But who knows? I mean, the next president might not be a bitcoin enthusiast, and that would not be good news for bitcoin. I mean, when bitcoin fell, when President Trump announced Kevin Warsh to be the chairman of the Federal Reserve bank, bitcoin prices just got hammered. And then the news came out of, will the Trump administration bail out bitcoin? Will there be any stimulus for bitcoin? Which was kind of a crazy topic to hear, but you can start to understand the why, because there's, you know, people in the Trump family are involved in the bitcoin industry. President Trump wants to make America the bitcoin capital of the world. Could there be money going into bitcoin? Maybe. But you have to imagine that credibility given to bitcoin has to help the value of bitcoin. Because if you believe that bitcoin has value, you're going to buy more of that bitcoin, which helps bitcoin go up. If the next president comes in, whoever it is, and they say bitcoin is a scam, that's not going to be good for bitcoin. If the world's leading economic superpower doesn't believe in bitcoin. So that's why I look at it as a speculative asset. I think there's value, but I want anybody who's buying it to understand the speculative nature of it.

[B]

It's interesting to me. Bitcoin is a. It's a thesis play for me in terms of where I think the world is going. I think that right now we will look back on the way that it's perceived. Bitcoin specifically, not crypto in general, but bitcoin specifically will look back and laugh at like the question marks that were over it. Because kids today growing up, they just hear about it, they see the ticker, they look up the price for them. It's like obvious that it's just a standard thing. Like if you ask a kid today, I saw a reel recently where they were like asking their 16 year old daughter, do you know what the yellow pages are? And she was like, is it a boy band? And then her dad asked her, do you know what a collect call is? And she said, is that like a group chat? But for the, the phone on the wall, it was hysterical. Without the context, you just have no idea. Kids will just grow up where Bitcoin's talked about by the president. It's just a thing, it's just there, it's normal, it's not weird. Now right now it acts like a tech stock. So it's out on the volatile or not volatility, it's out on the risk curve. So people aren't going to start there. They're going to start with more traditional things. And then as they're like chasing the flows of capital when they're trying to get a return, they're going to go more and more out on the risk curve. They'll pass through bitcoin, then they'll start getting into the really hardcore speculative. Whether it's meme stocks or meme coins or Pokemon or my favorite one piece, they're going to start going way, way, way out on the edges. And so bitcoin used to be about as far out on the edge as you were ever going to get. I think it's really marketing marched its way in. Definitely consider it a mainstream asset. I think it's going to keep going to the center. Now does it ever start responding economically like gold? Don't know. But I think that's ultimately its real value is when people say that, oh like it has no intrinsic value, that, that to me is nonsensical because if you look at silver, silver has value. It is used in technology. And so whether everybody agrees that it has value on paper or not will be completely, completely irrelevant to the amount of silver that's being used. So gold is not like that. Gold is like 4%. It might not exactly be that, but it's a low number where its price is driven by jewelry or industry. Silver is like 40% or something, solar panels and all that. So when you start looking at, okay, there are things that matter on paper, stocks, bonds, debt, bitcoin, like, they're, they're all, they fall into that realm, they're still extraordinarily valuable, they're part of a thriving economy. But then you have physical things that matter for a different reason. Now gold to me is a paper trade. No one's going to take the gold. Not no one, but it's going to be a very small number of people. Most people are just betting go up, go down. But silver, like when you look at China going, psych, we're going to choke you guys out. We're going to use the silver because we control the physical silver. You guys are doing derivatives and other bullshit. Like, we actually control the physical silver. And so if you want to make something with it now, you're going to have to come through us. And so watching that, watching as the paper era really begins to get shaky and now we're going into great power politics, we're going into physical things matter, they matter a lot. Now that becomes a question of, okay, maybe we stop derivative trading on bitcoin and we start saying, yo, I actually want the bitcoin in my wallet. And now it starts behaving far more like, okay, this can't be inflated, that's why I care. Then that becomes interesting.

[C]

That has to actually happen for people to want to own the real bitcoin. Because the appeal of bitcoin is that there's 21 million and there's nothing else and that's it. Well, today that's really not true because I can invest in the bitcoin, but it's so much easier for me just to buy a bitcoin ETF on the stock market. Or I can just buy in the bitcoin contracts on call sheet, which essentially now means there's not really 21 million. Yeah, that's what the asset is. But I'm not really buying the bitcoin. I'm just trying to get exposure to the bitcoin.

[B]

Yeah, if you're doing the gambling game, but like when, And I can't verify that this is true, or at least I haven't, but when everything was kicking off in Iran and the currency was hyperinflating, you could try to buy gold, but good luck taking delivery of that. And I personally wouldn't trust somebody that I don't know can't see all that, not in a moment. Of crisis. In a moment of crisis, I'm going to be much happier to go get something like bitcoin, where, okay, a big part of this is if I memorize my seed phrase, I can travel. Now, I'm not a believer. That's like, you can never confiscate bitcoin. You hit somebody with a big enough hammer, they're going to tell you whatever you want. So, yeah, I don't think of it like that, but it is much easier to move 100%. And so if you're trying to get out of a currency that's got trouble. And when I hear Warren Buffett talking about, yeah, I don't know that I'm going to invest in the US Dollar because I worry about the dollar. And you hear Dalio saying the same thing. It's like all of a sudden, a little bit of gold, little bit of bitcoin goes a long way. Now, like you, my exposure, well, it's bigger to bitcoin for sure, but gold, minimal. And I'm not like constantly increasing my exposure to bitcoin. I've distributed what I'm going to distribute, and it's part of a portfolio.

[C]

And I think you're right. That's the theory that bitcoin is much easier than gold. It's easier to transport. If things really go bad, I can very easily pick up my bitcoin wallet and leave. I can't pick up my real estate

[B]

and go, yeah, facts, Jesus. I think about that with California a lot. Which brings us to what do you think about the wealth tax here in California and then in the Netherlands? They're really far down the path. Unrealized gains, unrealized.

[C]

Well, I think again, the best way to understand that is just to take a look at history. Because when the income tax started, it was 1% on all income. I don't know the exact number, but I think it was on all income under $6,000 or, sorry, all income over $6,000. And then the top tax rate was 6%, which meant you could make millions of dollars and pay 6% in taxes. That was the whole idea in 1913 when the income tax was passed that, hey, we're really only going to tax the wealthy. Because that 1% tax wasn't on the person making, in today's dollars, $50,000 a year. It was essentially in today's dollars, essentially the six figure earner. When you equate the dollars for inflation, well, that was the sell that the idea is to tax the wealthy. And the average person's not Going to have to worry about this income tax. Fast forward to where we are today. And unfortunately, the average person was paying the income tax. The wealthy, they fall into a different bucket of taxes. Why does Warren Buffett pay a lower tax rate than the secretary? Because he has a different category of tax called portfolio income versus the average person working a job has what's called earned income, otherwise known as ordinary income. And I'm saying this as a licensed attorney who's not your attorney. So there's different buckets of income and the person that's taxed the highest is the person that earns money from labor. If you work a job, you're paying the highest tax rates and you get the lowest, the lowest tax breaks. When you are an investor, you get to qualify for either lower tax rates or higher tax breaks. So when you get the idea of a wealth tax, it's pitched as an idea of we need more money in order to help solve our financial problems. To pay hungry people in order to provide housing for people. Sounds good. I think the average person would say, I want to see less homeless people, I want to see less hungry people. Well, sometimes raising taxes can solve the problem. But let's dig a little bit deeper because before we just start increasing our income, and I'm saying this from somebody who has studied a lot of people's financial statements, we assume that If I make $50,000 a year, if I raise my income to $60,000 a year, my financial problems are going to go away. If I raise my income to $100,000 a year, my financial problems are going to be solved and I'm going to be rich. The data shows otherwise that as the average person earns more money, they dig themselves into a deeper financial hole. That's why the majority, not a general world, statistically, the majority of Americans who make over $100,000 a year are broke, living paycheck to paycheck. Why? As they make more money, you become more credit worthy. The bank says, hey, you have a good job, you're making a bigger income. How about we get you another nicer BMW? How about we get you a nicer credit card? How about we get you some more perks? How about we get you a bigger home equity line of credit? And so as people make more money, they start to spend more money. If you make more money and you don't raise your spending, all of a sudden you become wealthier. So if you tell me, Jaspreet, we're going to do a one time wealth tax, we're not going to increase our spending. In fact, we're going to cut our spending. We're going to be financially smart. All right, now we have at least a conversation that makes sense. But if you say jasprati, we're going to raise the wealth tax and we're going to continue spending recklessly. And unfortunately, the government. I don't care if you're Republican or Democrat. There's a lot of wasteful spending. Yeah. And that wasteful spending is not going to stop. It is going to increase. And the reason why this is important is because now when you look at an entrepreneur, you ask an entrepreneur, what would you do with an extra $5,000, $10,000, $100,000, a million dollars? Their goal, if they're smart, is going to be to be as productive as possible. How can I take this money and grow the value of my company and to grow this money into something more? I want to hire people that are not going to sit here and pick up this mug and put it in the left hand and put it back down. Because my goal is to be productive. The government's job and goal is not always productivity. My goal might be maximum employment as the government. Well, if my goal is maximum employment, Tom, I can hire you. Say, hey, how about you be a mug picker upper. What's that? Pick up this mug, put it in your right hand, to your left hand. I'm going to pay you $50,000 a year. And if you do it a good job for six months, I'm going to raise it to $80,000 a year. Well, I achieved my goal of maximum employment, but did I actually improve productivity? And that's the difficult part is I. People equate higher taxes to helping people. And I think there's a big disconnect there. I want to help people. It is in my nature. It is in my culture. The Sikh religion is entirely based around this concept of seva, which is selfless service, helping people. I hate the idea of seeing hungry people, but I think the government has to start by stop being so stupid with money. And if you can be more efficient with money, then by all means raise taxes in order to solve some of these problems. But how are you going to solve the problems? Because if you say, well, people are hungry, let's let them rob up to $950 without going to jail. That's a problem, and that does not fix the problem. There's a lot of inefficiencies. Now, I can't solve every problem in the world, unfortunately or fortunately, because depending who you ask. But the hope is the idea is if I raise taxes, problems will be solved. Sounds great. I like the idea of solving problems. What we've seen happen is that raising taxes, number one, doesn't fix the problem and then number two, that ends up hurting the average person. Here's why. Let's go through history. Income taxes started off as this idea of taxing the rich have now become this idea of how do we tax the middle class. I'm telling you as an attorney that the people that have money will find ways not to pay the taxes, period. There are many different types of loopholes. And as you have more money, you have more knowledge, you have access to better resources, you're going to find more alternatives. So what's going to happen? Well, how about we raise this wealth tax a little bit more? How about we lower the income requirements a little bit more? And then all of a sudden what we've seen happen time and time again, this wealth tax does not become a wealth tax on the wealthy. It becomes a wealth tax on the average person while the wealthy are not paying it. And now the average person has no idea. How do I. My stocks went up to $10,000. How do I pay it? Because I don't have the money to pay it so I have to sell my stocks. And now all of a sudden you start to create a lot more concerns. And that is the problem with the wealth tax is what it can lead to without a proper format on how do you actually use the money. Longer answer to your short question.

[B]

No, I think it's great. I want more people to understand it. It is a suicidal behavior that somehow governments cannot stop themselves from doing. But here we find ourselves. This is the to your point. History does not repeat, but it rhymes. This is a rhyming couplet that we hear all the time. And governments eventually get confiscatory once they start printing money. It's like a one way path to that because you're going to get to the point where it doesn't work anymore. You're printing money, you're causing inflation, you're creating a K shaped economy that makes people resentful. The resentment makes them want to tax people more. But taxing people more doesn't work. It often draws in less revenue because of the Laffer curve.

[C]

The first problem is here's the thing. The system is rigged and this is the part that a lot of people don't understand. It is rigged towards the financially savvy and the rich. And that's why people are angry and so we try to find what is the outlet that rich people are getting all these benefits while the average person is struggling to eat. That's unfair. And that's screwed up. Now. That's the part that maybe there are loopholes that need to be shut down. Maybe there are certain things that is unfair and that needs to be worked on. The second part is, how can I learn to win in the system? Because why is it that in this capitalist system, the way you become wealthy is by owning assets? Yet we're never taught this. I mean, I'm telling you from firsthand experience, because I did not grow up learning about money investments. My parents are immigrants from a state in India called Punjab. And growing up, the way you become wealthy was you study hard in school, become a doctor. Why? Because if you become a doctor, you have a high salary. If you have a high salary, you should become wealthy, right? Well, unfortunately, that's not how it works. Because when you're a doctor, you're constantly working for income. You pay the highest taxes. Wealthy people don't want to work for their income. They want their money to make them more money. And that concept is so foreign. I went through high school, I went through college, I went through a year of grad school, I went through law school. Never once learned a thing about money or investing. The only time we got close was in law school. I started learning about tax law. And I remember we had a more advanced tax law called partnership tax. And my professor sent out an email to the class before the class started, and she said, read this about how rich people are evading taxes. The whole idea of how rich people are using the tax code to pay less money in taxes. I thought that was interesting because here we are in law school learning about how the tax code works, learning about the IRS tax rulebook. The tax rulebook lays out different things that you can do to pay less money in taxes. Now what the attorney and the accountant does is they just tell the person, hey, here's what the loopholes are. And so it's the people that are financially savvy, that are understanding, that have access to the money, that are saying, oh, okay, how about instead of owning this asset, we own this asset? Because if I can own real estate, I can offset this income, or if I own a short term rental, I can offset this income. But there are certain things that I can do to make money and pay less money in taxes. Why does that matter? Because let's go back to what we were talking about in the beginning. If you pay a 1% fee that can eat up a quarter of your investment portfolio. What is one of the biggest expenses that the average person pays? It's taxes. It's not just your income tax. I make my income tax and then I also have to pay my payroll tax, my Social Security and Medicare. When I go to the store and I buy something, I have to pay my sales tax. If I buy a house, I have to pay a property tax. And if my house goes up in value, my property tax goes up. If I die with a lot of money, I have to pay an estate tax. Now we have to think about tariff taxes. If you live in California, you have to think about your state and local taxes because some states have very high state and local taxes. Don't forget about your capital gains taxes. You buy a stock and sell it for property, you have to pay a capital gains tax. Don't forget now about the corporate taxes that corporations have to pay. Now on top of that you have all the other taxes, your cigarette taxes, your alcohol taxes, your toll taxes. So the average person is paying a lot of money in taxes. And if now you can pay a little bit less money in taxes and you have more money to Invest, forget a 1% fee, you just have 25% more income just because of the tax. So now the average person is thinking, man, I'm working so hard every day for money. I'm trying to save this money. My savings are not growing. In fact, I'm becoming poorer because of my savings. But the average person doesn't know that. It's just I'm working so hard to make money and save money, but I keep having to struggle because now life keeps getting more expensive. Because inflation is outpacing your income. Because inflation is outpacing the interest you're getting in your savings. And so you talk about this K shaped recovery, it got amplified. Inflation makes the financially savvy richer, makes the average person poorer. Anytime you hear of government spending, it makes the rich richer. It makes the average person poorer. Because government spending means inflation. Yes, but it gets covered up with all these other terms. So government spending think inflation. Inflation means the rich get richer. Asset prices go up, the average person gets poorer. And now we think, well, how can the government spend more money to fix it? Well, unfortunately, anytime the government spends a dollar stream an additional dollar, they're going to need additional dollar of debt as well. That additional dollar of debt means more inflation, which means the average person continues to get poorer. I am not a policy person. I don't care. Democrat, Republican, I'm here To teach, how can you win regardless of who's in the White House? Because if you're struggling with money, unfortunately, the White House is not going to fix your house. You have to care about your house. And the only way out for the average person, if we get away from the policy side is you have to get now educated, because the system is not going to teach you. Banks are going to profit off of you being financially stupid, because if you're stupid with your money, they can send you a bigger credit card, they can sell you a nicer line of credit, they can sell you a nicer car. Corporations are going to profit if you're financially stupid because they're going to hire the smartest and best MBAs to get you to open up your wallet and spend money with them. And the government profits if you're unfortunately financially stupid because you're going to pay the highest tax rates. And I don't say this to be mean. I say this just to make a point. Because these highest tax rates are paid by the person that's earning their income from their job. And then we think, oh, I just need to get educated. I need to go to a good college. I need a student loan. Well, unfortunately. Do you want to know the biggest asset, the number one largest asset on the United States government's balance sheet? Your balance sheet is your assets and liability statement. The number one largest asset on the United States government's balance sheet are student loans. Whoa. Which means these student loans, which we believe are there to help us get a good education, to become wealthy in the system, are the reason why the government is wealthy, because they look at their assets and liabilities. My assets in the United States government, the largest asset are student loans. Google it if you don't believe me. I can now show we have all these assets. I can now borrow more money as the government. We can now print more money, spend more money, create more inflation. And now you start to see how this whole thing comes full circle. We're taught to do this, but the rich and the financially savvy are playing a completely different game. But who is teaching that game now? Yes, YouTube has thankfully helped to bridge that gap. But the average person isn't going onto YouTube to learn. How do I start investing my money and build wealth in this economy? And that's that level of, why can't we start teaching this and that now we talk about now. Why is the system rigged? The system profits off of being financially stupid. The system doesn't teach you to be financially smart. The system wants you to just earn money from your job, pay the highest taxes, save your money in the bank, because now you're making the banker richer. And now when you're stuck and you stay desperate, what do you do? You can't leave your job, you can't take a break, you can't question what's going on in your life because you need next week's paycheck to pay your bills. And now we have a bunch of people that get stuck in that situation and have no way out. I don't know the policy answer. I'm not a policy person. But I know that if you can understand more money, you can start to solve your financial problems. But it's not going to happen overnight. And this is the key part is it's not going to happen in a month, two months, a year, five years. I call it a decade of sacrifice. And there's no sugar coating it that you have to go through a decade of spending less and earning more. That way you can invest like crazy. Now, I don't care where you invest, I don't care if you read my newsletter, Market Briefs. I don't care if you're go do it yourself. I, I just want to see you do better. But if you're willing to spend less and earn more so you can invest like crazy and you do that for a decade, you can be in a completely different financial situation. But it's hard because year one, no progress, all struggle. Year two, no progress, all struggle. Year three, a little bit of progress, still a lot of struggle. Year four, oh, I'm starting to see a little bit of opportunity here. I'm starting to see where this is starting to go. Hopefully year five, you enter a recession and now it's like, oh, crap, what happened? Year six, things start to look a little bit better. Year seven, oh, I started to see where I can go after seven years. You're eight, you started to see the light at the end of the tunnel. You're nine. You're starting to feel a sense of relief in year 10. Now you have a whole new potential stream of income where now you can supplement your lifestyle. You can start to live a little bit easier or continue to build these assets because it takes 10 years to see that success. But when you become financially desperate, you don't want to wait 10 years. I want, I want relief to my pain today. Right when you have a pain in your shoulder, what do you want to do? You don't want to go through the PT and the exercises which might take you six months or Two years to fix this problem. I want the Tylenol to fix my pain today. Now, in the financial world, unfortunately, people that are taking that painkiller is. I'm looking for the get rich quick scheme. I'm looking for the easy way to grow my money. And now you become in a worse position than you were before, and now you start to resent the system. You start to hate every rich person. You start to hate every opportunity out there because you don't understand how. But the reality is, slow money is not attractive, but slow money is proven. And if you're willing to do the proven route where it's hard work, I mean, there's no way around that. I mean, I'm not sitting here telling you it's a four hour work week. It's a hard freaking work week. But if you're willing to go through it, you can see that light and see that relief. Because, you know, money isn't everything, okay? You want to be physically healthy, mentally healthy, spiritually healthy, financially healthy. We put smoke screens around money because we insecure about it. But if you don't have money, the reality is money problems are one of the leading causes of divorce. They're also one of the leading causes of suicide. Jesus. And that's why it's important for us to understand how. How money plays a part in your life. I'm not here to say go and become all engrossed in money. Make money your entire life and become this full time, you know, money person. No, no. You need money to eat. You need money to help other people. Right? That's my entire spiel, is that make more money so you can take better care of yourself, but also so you can help other people. We need more good people with money, period. But it takes that level of education that we're never taught.

[B]

Where can people follow you to learn more about how to do that?

[C]

Well, you can follow my YouTube channel, Minority Mindset. You can check out my free newsletter, Market Briefs. Our research reports are Market Briefs Pro. And I have a investor workshop that I'm doing on March 18, a live workshop that I started doing where we publish our research and so on. These live workshops. Hopefully you can share the link.

[B]

Absolutely. These things are killing it.

[C]

They're really fun because I get to share the research that my analysts do. That way you can see how opportunities are changing. So March 18th is my next one. If you missed the March 18th one and you're listening to this, you can click on the link and sign up for the wait list for the next one. But we do this to now start showing where opportunities are changing for people that want to be more involved with their investments.

[B]

I love it. And these things really have grown insane. You guys should definitely check them out. And speaking of things you should definitely do, be sure to subscribe if you have not already. And until next time, my friends, be legendary. Take care.

[C]

Peace.