I have a interest in looking at large scale systems that are no longer working.

So that's what I did with the education millionaires.

And so I was ready to write my next book.

And I was like, well, what's another large scale system that isn't working for anyone?

And pretty soon after my inquiry, I came to our financial and savings and personal investment and retirement industry, which again is another

system that's not working for anybody. In this case, the people it's not working for are on the older end of the spectrum not the

younger end and you know nobody is feeling safe or secure about their

retirement about their financial future.

And the system just isn't working.

You know, the most basic statistic around that

is that the S&P 500 if you invested 10,000 dollars in the S&P 500 index fund which is what all the the personal investment advisors

recommend you do is like these broad-based index funds in the year 2000 right

before the internet bubble and you let that sit for 16 years,

15 or 16 years right until now.

And you let that sit, it would be worth

about $14,000 or $15,000

nominally, but if you factor in inflation,

you've really only gained maybe $1,000 or less less over 15 years.

I'm Sreni Rao and this is the unmistakable creative

podcast where you get a window into the stories and

insights of the most innovative and creative minds who started movements, built

thriving businesses, written best-selling books and created insanely interesting art.

...