Author Akhil Patel discusses the economic corruption, impact of cycles on real estate markets, and potential future projects. He explores the challenges in publishing a book, historical economic influences, and strategies for navigating crises. The conversation highlights the importance of financial literacy, efficient land taxation, and analyzing market cycles for investment decisions.
Distribution challenges for first-time authors on online platforms like Amazon.
Book's structure inspired by storytelling methods from 'The Last Dance' documentary.
Meticulous effort and revisions in book content showcasing commitment to accuracy.
Promotion strategies including podcast tours, courses, and collaborations for financial literacy.
Deep dives
The Secret Wealth Advantage Book Publication and Distribution
The book 'The Secret Wealth Advantage: How to Profit from the Economy's Hidden Cycle' by Akhil Patel was published by Harriman House and made available through various online and offline retailers, including Waterstones and Blackwells. Initial feedback was positive, but challenges with availability on platforms like Amazon were noted, highlighting the complexities of book distribution for first-time authors.
Structuring the Book and Editorial Journey
Akhil Patel discussed the rigorous six-month process of structuring his book, involving consultations with an editor from Penguin Random House. The inspiration for the book's structure came from the Netflix documentary 'The Last Dance,' focusing on storytelling methods to explain the 18-year cycle. Despite initial challenges, Patel's dedication led to a compelling narrative that bridged economic concepts with engaging storytelling.
Challenges and Revisions in the Book Publication
The book took meticulous effort to fine-tune its structure and content, with significant revisions made up until six months before the publication date. One poignant element in the book, relating to the Queen's inquiry about the financial crisis, had to be altered due to unfortunate real-world events. Patel's commitment to accuracy and relevance highlights the book's detailed and dynamic nature.
Promotion Strategies and Audience Engagement
Akhil Patel is currently engaged in a podcast tour in the US market to promote 'The Secret Wealth Advantage,' aiming to reach a broader audience interested in finance and economics. By leveraging podcast appearances and exploring opportunities for course development and potential documentaries, Patel seeks to extend the book's reach across diverse platforms and audiences.
Engaging with Educational Institutions for Financial Literacy
Recognizing the importance of financial literacy, Akhil Patel shared insights on engaging with schools and educators to enhance understanding of economic cycles and investment principles among students. By considering collaborations with educational institutions and implementing introductory courses, Patel aims to foster better financial awareness and empower future generations with essential economic knowledge.
Understanding the Impact of Economic Cycles on Investments
The podcast delves into the significance of economic cycles, particularly focusing on the 18-year cycle. It emphasizes the interconnectedness between land markets, banking systems, and overall economic impact during different stages of the cycle. The speaker highlights the turbulence and economic effects associated with different cycles, urging general investors to pay attention to long-term trends for informed decision-making.
Navigating Technological Disruption and Geopolitical Conflicts
The discussion shifts towards the contrast here of wave, a longer-term 55 to 60-year cycle linked to technological advancements and industry disruptions. The speaker underscores the intense and disruptive nature of technological shifts, leading to the emergence of new businesses and geopolitical tensions. The escalating geopolitical conflicts and technological innovations are anticipated to create a volatile and challenging environment in the upcoming years.
Perspectives on Economic Crises and Global Challenges
The conversation touches on contrasting views regarding potential economic crises, with one perspective foreseeing a significant downturn while another remains somewhat optimistic based on historical analysis. Insights are shared on potential crisis triggers related to geopolitical conflicts, climate change impacts, and mass migrations. The speaker emphasizes the importance of considering positive developments amidst challenges and the need for proactive solutions to address complex global issues.
