I Made This Investing Mistake 3 Times Before I Learned My Lesson
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 1 May 2026
⏱️ 36 minutes
🧾️ Download transcript
Summary
The Fed chair is out, interest rates may be heading lower, and everyone is chasing single-employer towns and Rust Belt deals without asking the right question: what happens when that one employer leaves? Ken and Danille McElroy break down the real risks hiding inside today's most popular investing plays, using 30 years of firsthand experience with Boeing, nuclear plants, military bases, and the Sun Belt vs. Rust Belt debate.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://thefoundersgroup.com/
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Transcript
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| 0:00.0 | Welcome to the Ken McElroy Show. Today we're going to be touching on three topics. We're going to start with the fact that Powell is done as Fed Chair and yesterday was his last meeting. Then we're going to move into investing in an area that only has one employer and the pros and cons to that. And lastly, we're going to touch on the Sun Belt versus the Rust Belt. |
| 0:22.4 | What's the better investment, both short and long term? So first, let's jump into Powell. He is no longer |
| 0:29.4 | the Fed chairs of May 15th. We've been talked about, obviously, Kevin Warsh, we'll see, you know, |
| 0:35.1 | the first thing he wants to do is change the way the PE, CPI, inflation is calculated, which would be really, really, really interesting because potentially if it's passed, it means that inflation would automatically go down. |
| 0:49.7 | Yeah, yeah, Kevin. |
| 0:50.8 | Just like that. |
| 0:51.8 | Kevin Warsh wants to change how inflation's read, and we actually did a live on this on Monday. So you should check it out on our YouTube channel if you haven't. Yeah, but he wants to change how inflation's read, which is very different than what Powell has been doing. So we're expecting pretty big changes to come to the Fed and their decisions in the next few months. I'd love to change the way my age is measured. |
| 1:11.7 | Like wouldn't that be cool? |
| 1:13.1 | It's like, you know what? I'm younger now. Or like, what if you could change the way your bank account was more? Oh yeah, yeah. It's more. Just it's absolutely more. You just move the debt's all. In this case, it's inflation where you could just, you know, move a few things around and all of a sudden, voila. |
| 1:26.6 | See, I'd like to do that on my spending budget every month. |
| 1:29.0 | I could just take out certain things. |
| 1:30.9 | Like, because it was. you know, move a few things around and all of a sudden, voila. See, I'd like to do that on my spending budget every month. |
| 1:28.3 | I could just take out certain things. Like, because what he wants to do is take out the extreme. So if I could just take out of my extreme spending and we just looked at my average spending. So like, let me, let me just, you know, we're going to go to first Venezuela, then we're going to go to Iran. and then we're going to take oil out of the equation. Because why would you have that in there? Like, it's just so silly. Exactly. You know what I mean? Yeah, exactly. Who needs that? Who needs oil and energy in, you know, inflation? Because nobody deals with that. Like, you know what I mean? Nobody like. |
| 2:18.7 | Just a simple outlier. Yeah, it's just a small thing, oil, you know, it's really nothing. Yeah. Pay no attention to the man behind the curtain. Well, we broke this all down and it is very interesting. But, you know, if they really do change how inflation is red and they really do basically make it go back down to 2% based on how it's red we could definitely have a falling interest that's one way to do it post it on your website |
| 2:24.1 | and then change the formula yeah like uh you know we will hit 2% yeah damn it yeah yeah you know |
| 2:31.2 | so yeah so anyways that's some of that new school. |
| 2:34.9 | But the real issue is not that. |
| 2:37.2 | Obviously, it's why. |
| 2:39.1 | Why do that? |
| 2:40.1 | The real issue of we all know why, which is, you know, the other side of the argument, |
| 2:45.4 | well, we're going to hopefully get lower interest rates as a result of that. |
| 2:49.5 | If we get lower interest rates, |
... |
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