Capitalism vs Socialism

Battle of the ideologies

What’s up Graham, it’s guys here :-) If it’s your first time here, hit the subscribe button below to join 39,100+ smart investors and never miss an update on the market again. It only takes a second.

---

When I was growing up, the internet was still in its nascent stages. I had no clue that I would be a YouTube content creator – the career that didn’t even exist when I was in high-school! And now, we’re talking about AI that could supercharge our abilities, less than 50 years from when the personal computer started as a novelty. One of my favorite writers, Tim Urban, talks about how the pace of technological improvement is becoming exponential, and the time it takes to achieve mind-boggling achievements is getting shorter.

At the same time, there are problems on a fundamental level that we still don’t seem to have solved, like homelessness. During one of the most exciting times for technology, we are also on the verge of a debt dilemma, and the housing market is showing signs of entering a crisis. And thousands of folks still struggle with personal debt and managing their finances. Some accusations point towards capitalism being broken.

I think that’s an oversimplified argument. The ability to work hard and see proportionate reward for your work is one of the things that makes America great. As a society, we have solved the pressing issue of survival, and new technology has made it possible to improve the quality of the problems that we solve. But that’s my opinion as a firm believer in capitalism. What do others think?

So we did something interesting on the Iced Coffee Hour podcast – we called in two spokespersons to hear out both sides of the issue. Last week, we had Brett Cooper of “The Comments Section” on the show. Sho’s been gaining attention for her no-nonsense political commentary on the woke agenda. And this week, we had Hasan Piker on the show to discuss his views on why he’s against housing as a medium of wealth creation and why he’s anti-landlord. That got a bit… intense, as you can expect. Check out the video below and make up your own mind!

Do you more government intervention is needed in the housing market? Or do we need a better-designed free market? Let me know below.

Now on to the more pressing issue of…

---

The worst housing crash

The housing market is considered robust, because of the protection it affords borrowers and the general appreciation in the value of investments over time. While that’s true for residential real estate, there’s a market that is taking a nosedive right now – Commercial real estate is in one of its worst-ever positions, and that’s because the mechanics and terms behind the commercial property market are fundamentally different. Here’s everything you need to know to keep your money safe:

But the housing market is the least of our concerns because of the…

---

Looming debt default

That’s right – This is turning into a much more heated political drama than we bargained for, with as little as two weeks left before the United States hits its debt ceiling. Some warn of a credit downgrade and the risk of a recession that could ripple through the economy, saying that this is the closest we’ve ever been to a crisis. So here’s a reality check: Is it really as bad as they say? What should you watch out for and how can you protect your money?

Sort of as an antidote to that fear, here’s the next video…

---

Saving $10,000 fast

I’ve always emphasized the importance of an emergency fund, but with recent reports highlighting that the Average American saves only 5% in income and the median savings of Americans under the age of 35 is just around $3,300, this is a big problem right now. 1 in 4 households have no savings at all. Most people just don’t know where to start, and how to plan for it – so in this video, I break it down into 6 simple strategies that you can start using today to save up $10,000 super fast.

Now let’s move on to the fun stuff…

---

Graham Stephan show

Caleb Hammer seems to have no shortage of people to take apart, but in this one, he brought on somebody who was really in trouble. This businessman is $43,000 in debt without making any money. And it gets even worse…

This week, I also found a new show called “Till Debt do us part” which follows couples whose financial lives are in trouble and figures out where they are going wrong. In this one, a man is desperate to stop his wife who has gone shopping 53 times in a month!

And finally, I take a look at a site called Dirt that tracks the real estate purchases and sales made by celebrities – but the interesting stuff is in the comments, with people trolling everyone from Oprah Winfrey to Joseph Gordon-Levitt for building wealth in real estate. This gets harsh…

---

So that’s it for my Sunday round-up. We now have a premium plan that gets you exclusive extra content every week and priority engagement – check it out.

See you next week with another bunch of exciting videos!

And force of habit – Smash that like button to help others find this newsletter. Hit that subscribe button if you haven’t done so already!