iT's aN iNveStMenT bRo! | How Money Works
How Money Works
Navigating Financial Desperation and Investment Myths
This chapter delves into the changing dynamics of personal finance, revealing how individuals are turning to high-risk investments as a way to escape debt. It contrasts past investment behaviors sparked by the pandemic with today's economic challenges, while also exploring shifts in luxury goods demand in China amidst financial instability.
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Over the last 2 years the value of everything from G Class Mercedesā to Rolex Submariners, luxury handbags and trading cards has taken a huge hit.
Basically if you saw a luxury product in a sketchy ad from some guy trying to sell you a drop shipping courseā¦ itās probably halved in valueā¦
If you are every feeling bad about your own personal financial choices go and watch finance brokers try to unwind someone who is a hundred and fifty thousand dollars in negative equity on electric hummer that they purchased with an eight year loan to rent out on Turoā¦ it should make you feel much betterā¦
BUTā¦ I am sorry to tell you that things might be starting to turn around for theseā¦ douchebagsā¦
We are re-entering a market where bitcoin is breaking all time records, stonks only go up, and dogecoin is worth more than Nintendo, Delta Airlines, or the Ford Motor Companyā¦
In a market where prices only go up you better brace yourself, because people are going to say that just about anything is an āinvestmentā to convince their customers, to convince their partners, or just to convince themselvesā¦ but that doesn't matterā¦ as long as they canāt convince YOU
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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channelās clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.
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