Why there will be a huge wealth transfer between renters and landlords

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8 • 692 Ratings

🗓️ 7 June 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Ken and Danille as they discuss the coming wealth transfer - what it is and what it means for you.Want to ask Ken a question or have him look over a deal? Sign up for Ken's Inner Circle: https://kensinnercircle.com• • •Be sure to click the bell to be notified as soon as the next informational video is posted!Visit Ken's Bookstore: https://kenmcelroy.com/books/•ABOUT KEN:Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. 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/• DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates. 2022 KenMcElroy.com, LLC. All Rights Reserved.Link to the opening countdown song: https://artlist.io/song/64365/all-the-way-up#kenmcelroy #LiveStream #realestateinvesting

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on
0:07.4	everything real estate with the industry's biggest movers and shakers.
0:11.3	I'm your host, Ken McElroy, joined by my co-host, DeNeil.
0:15.4	Let's get right into this episode.
0:17.2	We have a great topic today about wealth transfer between tenants and landlords.
0:24.1	Also, if you didn't see my webinar with Jess about the Airbnb last week, make sure you to go
0:31.5	to Ken Macquarie.com forward slash webinar to check it out. It was really good for those of you
0:36.3	considering doing a first time Airbnb because
0:40.1	she's a real person, not a real estate person, doing this on her own. And some of the stories
0:45.6	were pretty funny. Yeah. Yeah. So let's jump right in. Let's talk about the wealth transfer.
0:51.5	So before, I think there's a couple things that are on my mind around this issue.
0:56.5	So if you're a Wall Street person and you're talking about wealth transfer, you're thinking
1:02.5	about, you know, old people dying, you know, and it moving to the next gen, right?
1:10.7	And, but from my standpoint, I think of it very differently.
1:14.5	I think of what the government's been doing with the printing of the money and, and,
1:19.7	and, you know, what I would actually call inflation a wealth transfer.
1:32.8	You know, it's basically transfers people from credits to debtors and benefits debtors. And so, yeah, so there's- Well, you say it benefits debtors, but that's not
1:38.1	completely accurate because there's tons of people out there and tons of credit card debt that are
1:41.6	not benefiting from this. So what do you mean?
1:49.0	Well, I think it helps people that have good debt, but it does not help all debtors. Yeah, yeah, yeah, but it does help debt.
1:51.6	So you're right, there's different categories of debt, but there's no, you can't dispute that
1:57.3	debt gets cheaper during inflation.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.