The Investing & Crypto Expert: "We Only Have 6 Years Until Everything Changes!", "The S&P 500 Isn't Worth Your Time!", "Don't Keep Spare Cash In A Bank!"

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.6 • 13.2K Ratings

🗓️ 7 November 2024

⏱️ 132 minutes

🔗️ Recording | iTunes | RSS

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Summary

The clock is ticking – Raoul Pal reveals how AI will transform the global economy and why crypto might be your best chance of survival Raoul Pal is the co-founder and CEO of Real Vision, the world-renowned financial knowledge and education platform. He is also the former Head of European Hedge Fund Sales at Goldman Sachs. In this conversation, Raoul and Steven discuss topics such as, why we can’t trust central banks, how to build wealth with crypto, how to protect your job from AI, and how to secure your financial future in 6 years or less. (00:00) Intro (02:07) What Is Raouls Mission? (05:38) What Would The Average Person Say About Raouls Work? (06:47) What Will Fuck My Financial Future? (11:14) Stats Today Vs 1980's (12:18) How To Play 'The Game' Of Finance In Your Younger Years? (13:30) What About Work Life Balance? (13:58) What Knowledge Should I Acquire? (14:57) How To Become An Expert? (16:41) Manifesting Your Future (17:16) How To Progress Once You're An Expert (19:42) What If You Don't Have Excess Income To Invest? (24:05) What About Buying A House? (26:28) Viewers Comments (30:07) Advice From Steven's Brother About Being An Expert (31:58) Applying Your Knowledge To Get The Highest Return (39:01) How Do I Spot A Trend (39:02) AI Will Free So Much Our Time That We Won't Know What To Do With It (42:53) The AI Component (47:24) How Disruptive Will AI Be? (51:18) Should We Be Scared Of AI? (54:37) How To Know If A Trend Will Be Persistent (57:53) Are We At The Collapse Of The Digital Industry? (59:06) How Do You Invest In AI? (01:00:51) What Is Crypto (01:01:18) Productivity And AI (01:06:32) Blockchain Explained (01:08:04) Contracts On The Blockchain (01:10:54) NFTs (01:12:12) Should You Invest In Blockchain? (01:21:43) How Do I Benefit From Buying Crypto? (01:23:01) How To Invest In Crypto (01:24:27) What Is A Ledger Device? (01:25:41) What Coin Should You Invest In? (01:32:14) What Is Leverage? (01:37:45) Do Men Invest More In Crypto? (01:39:42) The Nightmare Stories With Crypto (01:41:41) What Is Raoul's Price Prediction? (01:45:20) What If Raoul Is Wrong? (01:49:36) What Is The Debasement Of Currency? (02:00:50) The Best Trade Is Quality Of Life (02:08:34) Guest's Last Question Follow Raoul: Instagram - https://g2ul0.app.link/4dEPXGm3iOb Twitter - https://g2ul0.app.link/AWXhSso3iOb Website - https://g2ul0.app.link/SFceWtr3iOb You can learn more about Raoul’s ‘The Everything Code’, here: https://g2ul0.app.link/TqcS68j3iOb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: WHOOP - https://join.whoop.com/CEO ZOE - http://joinzoe.com with code BARTLETT10 for 10% off

Transcript

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0:00.0	We've got about six years before everything changes. And we thought money in the bank was safe.
0:04.8	We thought our house was saved. But none of that's true. And the moment you put your money and your savings in the bank, you don't own anything. And your future self is getting poorer by 11% every year. And that's the problem for financial security and wealth creation. But I know where the opportunities lie and I've got answers.
0:20.6	So could you explain it to me through the context of this? Okay, so Raoul Powell, Powell, security and wealth creation. But I know where the opportunities lie and have the answers.
0:24.0	So could you explain it to me through the context of this? Okay, so.
0:28.8	Raoul Pal is one of the most influential voices in the ever-changing world of modern finance.
0:33.0	Unpacking the secrets of crypto. And how to build wealth in an uncertain future.
0:37.5	People know their future is f***. They can't afford to buy house. They have less savings. Debtes from university. People in their 30s are the first generation that won't be as rich as their parents.
0:42.0	So what advice would you give to set myself up for wealth in the future?
0:45.1	You start investing. But what about the people that no matter how hard they work, they still don't have that excess income to invest?
0:50.6	You don't need huge savings. You just need to understand how to look for opportunities.
0:54.9	For example, the S&P 500 is not worth your time. Real estate doesn't really make you any money. Those
0:59.8	days are gone. Gold actually lost your money, but investing in crypto like Bitcoin gives us
1:04.6	stupidly higher returns in short periods. Growing at 150% a year, scaling at twice the speed,
1:10.6	the internet. So now the guy with
1:12.1	$500 can get rich.
1:13.9	I have a couple questions here then. So I'm now 30 years oldish. I haven't missed the boat.
1:17.7	No, no. Much of the reason why I think people don't invest in crypto is they've heard
1:20.7	stories where people have put too much in and they've lost it all. So what if you're wrong?
1:23.8	We're going to talk about how lots of it up. And then how do I invest in crypto? It's really simple. You're going to start somewhere.
1:29.2	So do that and you'll make money.
1:34.8	Well, from a very high-level perspective,
1:42.5	and I'm being unspecific here. So I'm looking for an unspecific answer,
	...

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