190: How Rising Inflation Makes You Wealthier with Richard Duncan
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
#190: Did you think that inflation only makes you poorer?
Learn many simple examples about how inflation makes you wealthy.
Here's a clue: inflation impoverishes savers and enriches debtors.
MacroEconomist Richard Duncan joins us. He predicts the future direction of inflation and interest rates.
Learn the difference between RE appreciation and RE inflation.
Richard tells us why "money printing" no longer equals inflation.
Globalization could be reversed. This pushes inflation higher.
Richard tells you how to act in response to what's coming.
Richard's brilliant economic work is at RichardDuncanEconomics.com. Get 50% off a MacroWatch subscription with the Discount Code "GRE".
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my best-selling paperback: getbook.at/7moneymyths
Listen to this week's show and learn:
01:03 I used to ask myself how RE investing could be any good.
02:18 Signs of consumer inflation.
04:05 Simple examples of how inflation makes you wealthy.
07:41 Financial forces you can and cannot control.
11:30 Is some inflation good?
13:40 Appreciation vs. Inflation.
15:16 Why "money printing" no longer equals inflation.
24:20 How globalization could reverse, stoking inflation. Tariffs, trade war.
27:27 Richard tells you how to act in response to what's coming.
31:06 Richard's brilliant economic work is at: RichardDuncanEconomics.com. Get 50% off a MacroWatch subscription with the Discount Code "GRE".
32:32 My summary of Richard's interview.
Resources Mentioned:
MacroWatch - Use code "GRE" for 50% off
How You Can Profit From Inflation
Cash Flow Banking: ProducersWealth.com
Mortgage Loans: RidgeLendingGroup.com
Apartment Investor Mastery: BradSumrok.com
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Ridge Lending Group, apartment investor mastery, and producers' wealth. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. Hey, you're inside. Hey, you're inside, GRE, from Bangalore, India, and across 188 nations worldwide, this is Get Rich Education. |
| 0:41.8 | Episode 190. |
| 0:43.2 | I'm Keith Weinhold. |
| 0:44.7 | Macro Watch's Richard Duncan is going to be joining us shortly to discuss inflation, and what that means to you as both a consumer and as a real estate investor. You know something back before I |
| 0:57.5 | understood real estate investing? Do you know what I would kind of silently think to myself? |
| 1:03.7 | I thought, now how could investing in real estate be any good? Over the long term, |
| 1:10.1 | its prices only keep up with inflation, plus it just seems |
| 1:14.1 | like there would be a bunch of headaches to deal with. Well, then I understood leverage. When the |
| 1:21.1 | leverage light bulb goes off, you learn that with an 80% loan and 20% down, you have just 5xed inflation. At 3% inflation, you've got a 15% gain. |
| 1:32.5 | Then I learned that inflation also erodes away your mortgage debt at the same time. |
| 1:38.3 | And next you soon learn that your cash flow goes up faster than inflation since your biggest |
| 1:43.4 | monthly payment, your P&I stays fixed |
| 1:45.8 | for up to 30 years. Yeah, but what about the interest that's paid on the loan? Oh, the tenant |
| 1:53.1 | pays your debt service and a cash flowing property. They pay all of the interest for you. Oh, and then |
| 1:59.5 | there's more. They also pay down your loan for you. |
| 2:03.6 | And then you get even more because on top of all that, they even pay you something extra yet called |
| 2:10.0 | cash flow. And pretty soon real estate investing begins to make a ton of sense. And that's even |
| 2:16.0 | before you understand all of the tax benefits. |
| 2:19.0 | Well, now, recently, I just happened to notice that my local coffee shop, a few blocks away |
| 2:25.2 | from me, they raised the price on my favorite coffee drink from $3.79 up to $4.29, and that's a sign of inflation. |
| 2:37.8 | Recently, my wife brought home some brown cow brand yogurt containers and put them into the fridge. |
| 2:43.3 | I know that just a few months ago, that yogurt was served in six ounce containers. |
... |
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