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Investing in Real Estate with Clayton Morris | Investing for Beginners

Confronting Your Financial Beliefs - Episode 634

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 3 June 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

There are many widely-held financial beliefs and norms that are simply not true, and can block you from building wealth. When it comes to traditional advice about saving for retirement or building up a nest egg, many of us have been inundated with harmful habits and beliefs.

On this episode of Investing in Real Estate, Natali and I are sharing five myths about finances! We’ll talk about the best way to build a savings account, the truth about your 401k, and much more. If you’re ready to confront your financial beliefs, this episode is for you!

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Transcript

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0:00.0

Confronting Financial Norms. That's today's episode. Let's get to it.

0:10.0

Hey everyone, I'm Clayton Morris. I'm Natalie Morris and this is the investing in real estate show.

0:15.8

This is the show where we talk about passive income. We talk about investing. We talk about

0:19.8

buying and hold real estate. That's the vehicle that we use to build passive income.

0:24.2

We are in our new studio, although we've been having all kinds of network issues,

0:27.6

so you have to sit side by side.

0:29.0

Yeah, I know, but at least he took a shower if he went swimming.

0:32.5

What was the point that I was trying to make?

0:33.8

Oh, is that some people are like the stock market's too crazy.

0:36.9

I just don't do it.

0:38.4

And then other people are like, well, I just waited out, right?

0:41.6

And I think that there is a problem with both camps. It's not that you

0:45.4

should just not be invested that's wrong too. So the first belief I wanted to sort of

0:51.4

challenge is that you should just save all your money like

0:54.3

put it in a savings account why do you think we should confront that belief? Well I've

0:59.5

done a whole episode called Savers are losers because again the dollar is a

1:04.3

Fiat currency it's the government-backed currency every government-backed currency in

1:11.0

world history has collapsed. So if you have dollars, paper dollars,

1:16.3

in a bank account, it's not even paper dollars, it's a number on a bank account website

1:21.2

backed by the government dollar, which is not backed by anything.

1:24.4

It's not backed by gold or silver.

1:26.0

We're not on the gold standard anymore.

...

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