Abdul Al-Asaad, CEO and co-founder of Basic Capital, joins Other People’s Money to discuss how Basic Capital is revolutionizing access to leverage for everyday Americans. He argues that American’s have far too much access to credit for the wrong use, consumption, and far too little access for positive uses like investing in assets that could change their financial future. He discusses how Basic Capital’s term financing works, why most of the capital you receive through Basic Capital is invested in private credit, and why he believes that for many people inaction is a bigger risk than taking a leveraged bet on stocks and bonds.
Learn more about Basic Capital: https://basiccapital.com
Follow Abdul on X: https://x.com/Abude_al_asaad
Follow Max on X: https://x.com/maxwiethe
Follow Other People’s Money on:
Apple Podcast https://bit.ly/4e7QJ1M
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Timestamps
00:00 Intro
00:52 Basic Capital Backlash
10:12 Leverage as General Purpose Tool
17:07 Risk in Leverage
20:13 Learning from the Kings of Leverage
25:42 Term Financing
31:46 Private Credit & S&P 500: How Basic Capital Invests
38:51 How Private Credit Works
44:44 Private Credit Hates Basic Capital
48:37 The Risk of Being Left Behind
56:02 Basic Capital Fees and 401k Investing
01:03:32 Building a New Credit Market
