Wall Street's Secret that Keeps You Poor
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 16 October 2025
⏱️ 49 minutes
🧾️ Download transcript
Summary
To get Ryan's offer for his new book and extras, exclusively for Ken's listeners, follow this link: https://retirein10years.com/ken
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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://mccompanies.com
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Transcript
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| 0:00.0 | So today we have Ryan D. Lee on our show. |
| 0:07.6 | Yeah, yeah. |
| 0:08.5 | Well, he partnered with an old G, an old school guy, you know, Robert Allen. |
| 0:13.1 | A lot of people like in my age, you know, we're reading Robin Allen books, Robert Allen books, so, you know, for years and years and years. |
| 0:20.6 | He's in the Kiyosaki era, you know, and so he partnered with this guy and retire in 10 years or less. |
| 0:27.1 | So it's a very interesting. He's kind of a young guy and quit a corporate job and was able to do that by just buying 17 houses. |
| 0:36.6 | But he also explains, you know, why he chose to take his money out of Wall Street and put it onto Main Street. And so I thought that was really interesting. And he gave some good first steps in order to learn about this and do it. Yeah. And it was great. You were able to talk about some of your stories, too, because you kind of went through a similar path. Yeah, we did. We went through, you know, we both kind of accidentally fell into real estate. It was neither of our decisions, really. Yeah, but now you're crushing it. So anyway, it's a great interview. I'm glad we had them on. Ryan, thanks for being on the show today. You're on the show coming off of the big announcement Trump just made about implementing the tariffs on China. |
| 1:13.7 | I just kind of wanted to get your thoughts on. You're on the show coming off of the big announcement Trump just made about implementing the tariffs on China. |
| 1:13.7 | I just kind of wanted to get your thoughts on that or how you're feeling about that. |
| 1:16.6 | Yeah, you know what? I love that. And Danil, I'm grateful to be here with you guys today. |
| 1:21.6 | You know, here's my thought process. There are so many things going on in our world today, so much chaos all around us. |
| 1:28.5 | And I think for me, I've always tried to find the simplest path to achieve my financial |
| 1:34.7 | objectives, right? |
| 1:35.5 | If my financial objectives are always based on who's in the Oval Office, what tariffs, |
| 1:40.8 | what tax strategies, what, you know, what's going on, then my, my, I'm constantly |
| 1:45.1 | reactive. I'm constantly on the defense rather than the offense. And so although tariff, you know, |
| 1:50.8 | Trump's going to increase tariffs on China, that might, you know, have some filter and cost us, |
| 1:55.8 | although we haven't really seen it yet, right? All of these economic advisors were saying our cost |
| 2:00.2 | living was going to double and triple. I think money printing is the real cost of, right? All of these economic advisors were saying our cost of living was going to |
| 2:00.9 | double and triple. I think money printing is the real cost of, right, you know, living going up. |
| 2:06.4 | But for me, more than anything, I've just tried to simplify finances down to how do I own assets |
| 2:12.3 | that are always in demand, that are always going up in value. And no matter who's in the Oval Office, I just get wealthy because I understand the rules of the game of money. So although Trump's doing what he's doing and he'll continue to do what he's doing, I think it's going to impact people that are in a volatile, you know, volatile financial plans. But those who own assets, kind of like you guys talk about all the time, real assets that are always demand it's just steady eddy right i mean there's hiccups along the way but over the |
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