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Investing in Real Estate with Clayton Morris | Investing for Beginners

1144: Here's What Happens When You Follow the American Dream - Episode 1144

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.41.1K Ratings

🗓️ 3 April 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The best way to go broke is by following the American Dream, and here’s why: the American Dream is all about putting your family’s future in the hands of companies that don’t have your best interests in mind. For decades, Americans have been sold the same old song and dance: work hard, buy a house, and put money into a 401k until you retire -- but this system doesn't work

On this episode of Investing in Real Estate, you're going to learn about how America's debt based society keeps you locked into liabilities, why today's retirement plans no longer work, and how to get the results you actually want.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, here's what happens when you follow the American Dream. The best way to go broke is by following the American Dream plan that's been laid out for you for the last few decades. And here's why. The American Dream is all about putting your family's future in the hands of companies that don't have your best interests

0:21.3

in mind. That's right. For decades, Americans have been sold the same old song and dance.

0:25.8

Work hard, buy a house, put money into a 401k until you retire. We live in a debt-based society

0:32.2

that encourages people to get into debt to buy liabilities, cars, homes, the latest and greatest phones, and other

0:38.9

expensive purchases. But buying liabilities only takes money out of your pocket every month. On top

0:45.5

of that, the American retirement system is broken beyond repair right now. When you follow this

0:50.3

path that they've laid out in front of you, your entire destiny is connected to your job,

0:55.5

your income, your retirement, your health insurance, all tied to this one company. And at the

1:01.0

end of the day, your company doesn't care about you. They're not loyal to you, right? They're only

1:06.1

loyal to the shareholders and their bottom line. You're replaceable, sadly. Right? You're just a pawn on their

1:13.1

chessboard. The layoffs are already piling up this year. And we're just a few weeks into

1:17.8

2024. Wayfair announcing is preparing to lay off at least 13% of its global workforce. And the

1:24.9

publisher of the iconic Sports Illustrated magazine saying that most of its staff

1:29.0

will be let go, the union calling it a very difficult day for its members. And it comes after

1:35.0

Macy's announcement earlier this week, the company laying off about three and a half percent of

1:40.1

its total headcount, roughly 2,300 employees. The iconic department store also closing five locations.

1:47.7

Yeah, you're just a pawn on their chessboard.

1:50.0

And we're seeing it unfold now across every industry imaginable.

1:53.6

2024 is the year of the layoff.

1:55.9

Layoffs in February hit their highest level for the month since the year 2009.

2:00.3

Does anyone remember what happened in 2009?

2:03.0

The layoff issue is massive.

...

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