#1 - What God ACTUALLY says about Poor People
The Deep End w/Taylor Welch
Taylor A Welch
5 • 719 Ratings
🗓️ 29 February 2024
⏱️ 63 minutes
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Summary
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Taylor Welch is a real estate investor & business consultant. His portfolio of companies have serviced over 50,000 individual small businesses in the last 5 years. He currently lives in Nashville Tennessee with his wife and 2 kids
00:00 Intro
00:56 Understanding Return on Labor vs Return on Capital
02:35 The Journey from Poverty to Wealth
04:11 Generational Wealth Transfer: A Biblical Perspective
05:02 The Biblical Narrative on Wealth and Poverty
05:59 The Wisdom of Solomon and the Pursuit of Wealth
08:31 The Tension of Wealth in Scripture
09:27 The Kingdom of God and Principles of Wealth
26:13 The Role of Debt in Wealth Creation
32:02 Inner Growth
33:10 Growth and Timing
34:58 Expectation and Faith
37:16 Seasons of Life
41:22 The Danger of Chasing Wealth
56:52 The Power of Generosity
01:01:50 Closing
Transcript
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| 0:00.0 | I've been doing a study on inequality. |
| 0:03.1 | What do you think God says about inequality? |
| 0:06.5 | I haven't cited enough to say that I would have a good answer for you. |
| 0:09.7 | So in culture today, there's this idea. |
| 0:12.3 | If you study, like, have you heard of monitored and monetary theory, MMT? |
| 0:18.8 | There's a lot of these different. |
| 0:20.0 | We got to call Brad at some point and get him on this show because he's a... |
| 0:23.3 | Which Brad? |
| 0:24.2 | Because I think you know like seven... |
| 0:25.3 | Bradley Gibbs. |
| 0:26.8 | He's an expert at all things economics. |
| 0:29.9 | He hates MMT. |
| 0:31.3 | Obviously, the country's in like, I don't know, $40 trillion of debt. |
| 0:35.8 | But there's this big thing around wealth inequality, |
| 0:40.0 | income inequality. Let's just before we get into like what the Bible says, let me break down |
| 0:45.5 | what I what this idea sort of is. There are people who are so rich that they are beginning to have a return on capital that is higher than a return on labor. |
| 0:59.6 | So a return on labor is when you like, you go to a job, you clock in, you do your work, and then you get paid for that. |
| 1:06.5 | That's like basics. |
| 1:07.6 | What was your first job ever? |
| 1:10.3 | You remember? |
| 1:12.9 | Chick-fil-A. Chick-fil-Aay so my first job was a Starbucks at a at a supermarket you know they put Starbucks in like these shopping centers and I got |
| 1:19.9 | fired from that job one night because I just left and didn't like shut down everything I think it was |
... |
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