meta_pixel
Tapesearch Logo
Log in
Investing in Real Estate with Clayton Morris | Investing for Beginners

1059: Q&A: How Can I Replace My Income? - Episode 1059

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 10 June 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

What's the best way to replace your w-2 income with performing assets? On today's show, I'm sharing the first step you should take to start covering your expenses with passive income.

This Q&A episode also features questions on reclaiming tax liens, and how to build your support team as a real estate investor. Click play to hear my answers to your questions!

Transcript

Click on a timestamp to play from that location

0:00.0

You know, sometimes I feel like I'm living in a bizarro world.

0:08.0

On the one hand, I turn on C and B.C. and I see them praising the fact that there are these new jobs numbers that just came out, hotter

0:14.0

than expected.

0:15.4

And then I go around the internet and there's similar headlines, hotter than expected jobs

0:19.8

report for May.

0:21.7

This is good news for President Biden adding $273,000

0:26.8

$3,000 payroll jobs. What the heck's actually going on here? I feel like

0:31.1

seriously when you actually dive into the numbers the mainstream media is

0:35.3

absolutely just lying right to your faces so what in the world happened but we got the

0:39.6

Bureau of Labor Statistics numbers this past week and at the surface it seemed like wow a lot of these guys

0:45.5

Golden Sachs and Wells Fargo and Bank of America they totally underestimated the fact that the economy

0:51.2

added all sorts of new payroll numbers.

0:53.8

Wow, more payrolls, that's good news, right?

0:56.6

So this came in hotter than expected.

0:59.0

Well, the truth is much darker.

1:02.3

So can we actually tell you what happened here? I'm going to show you the numbers here and we put up some charts here to to illuminate you on this.

1:10.0

But of course what actually happened is that more Americans are losing full-time jobs

1:16.4

But they're adding secondary and more part-time jobs. So yes, we added more payrolls

1:28.0

more people with more pay rolls is not good for America. More full-time workers are declining. So the real story is that Americans are losing their jobs.

1:35.0

Americans are losing their full-time stable employment jobs.

1:40.0

That's what's really going on here.

1:42.0

And what they're being replaced with are multiple jobs. I remember a few years

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Clayton Morris, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clayton Morris and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.