Australian home values have grown by, look at
this, 193%, which is wild. Inflation is at 2.4% in
2025. Here's the problem I've got with that. One in five people in Australia are
now on the NDIS. We're now becoming even more unproductive because we're incentivising
poor behaviour. So if you want to make money for free, go get disabled. Since
August 2022, 72% of all
jobs have been in the public sector. So 130 of every
thousand people now work for the government. In Australia, it's the highest
in almost any country in the world. In fact, Australia's at the top. Just when you
think Australian government can do nothing stupider, they do something stupider. This is
because I'm Lloyd James Ross, seven-figure investor and entrepreneur, and
I've helped thousands of business owners and professionals turn financial stress
into success. If you're stuck in old money habits, overwhelmed by
investing, or unsure where to start, this is for you. I'll
give you the mindset and strategies to take control, grow
your wealth, and achieve financial freedom. It's time to make
your money work for you. The Australian economic
crisis explained. That's what this episode is all about. I want to
dive deep with you into seven reasons why
it's very obvious that the Australian economy is
entering a very rough patch, a challenging period. But I want
to explain this to you as best I can in simplest terms, so you really try and
understand or can at least grasp what is actually happening in
this particular country at this time. Now, the things I'm going to explain are happening in
other countries as well, but specifically in our country in Australia, where
I'm recording this episode, there are some things happening where on
the surface, all looks robust. But underneath,
when we pull back the curtain, some of these metrics will, and
should, frighten you a little bit. Because the way
we're headed is not going to be a prosperous time
for a lot of us, and we're going to hit some challenges. But more
than anything, I want you to understand what's happening in the economy.
so you can be educated about well that's actually what's happening whereas what
you might be thinking or you
may be following something else or listening to your neighbor
and it might be that you just don't really understand what's going on at all. So I'm
going to use some data, some very current data to
go through these different steps with you and just explain to you each part
of it and how it's having an impact on the economy and specifically on you and how it
can impact you, all right? So we're going to go with step number one
first which is actually the complete illusion of
prosperity, all right? So it's really about
understanding GDP and GDP per capita.
So what GDP stands for is gross domestic product. And in simplest
terms, what that means is how much income the country produces.
So how productive is the country, all right? So
measuring gross domestic product is how the country's performing. But
measuring real gross domestic product per capita, per
capita just means per person, has declined in this country
for six consecutive quarters, making it, buckle up,
the longest per capita recession on record. So
when people say, oh, we're not in a recession, because a recession is just two quarters
of negative GDP growth. But what's happening is we've had
declines in GDP per capita. So every single
quarter for the last six consecutive quarters, we've actually
seen your income drop. pound
for pound relative to what's happening in the world. And it's actually the
largest drop in real terms in the
Western countries across all the Western democracies
and economies, which is crazy because we were right up there and
now it's falling consecutively and it's still falling. And
I'm looking at a chart here at Pete in 2022. So right when COVID happened,
And since then, well, like right in the guts of COVID. And when, from
that point on, it's dropped drastically from,
God, it's like, the index has been measured since
2007, and it was on an upwards trajectory, but now
it's just been dropping drastically. So, real income
per capita is falling by a lot, and has
fallen over the last, yeah, six quarters. And
it's actually worse than the
1980s recession, the 1970s recession from inflation, and
the 1990s recession from the Asian currency crisis
or the Japanese currency crisis. So it's now worse probably
about by threefold than all of those. So
whilst we're not in an actual recession
because they're not recording negative GDP growth for the country, we
are definitely in that for each person. So what
that means is if it feels like you're poorer and
you're working the same or harder for less real dispensable
or disposable income, it's because you are. And
what's caused that is is the next step.
So what's the cause of this? Why has this happened? You've got to think about Australia
being a productive country. And what happens in Australia
is this. Generally, we take resources and
we export them. That's really how we make a lot of our money. We're actually the
richest country in the world from a resource perspective. So we should
also be the richest per capita. But we're not because the policy isn't effective.
The policy is the government. And the way the economy is working currently, it's
not all the government's fault, it's not producing
for the citizens. We can't just conjure up legislation
to do that. So we're going to stuck in this Westminster democracy
system, plus we're stuck in the private sector and the public sector
and policy. It's a bit of a nightmare. So whilst we're the richest, we're
also the poorest. We're poorest in sense of the
growth in our personal income is falling. So
this one thing has caused a lot of it, especially
at a personal level. Here's what it is. Over the past
two decades, the last 20 years, Australian
home values have grown by, look at
this, in the last week, 193%, which
by and large, it's not a bad thing, but here's
where it sucks for anyone who lives here, who's lived
here for the last two decades. So back then, I was 21. So I
was just entering my career. And so
what's happened is prices in property have 2x, which is
wild. In fact, they're probably 3x. A 200% return means
they've doubled and doubled again. So if a property is worth $500,000 back
then, it's doubled to a million, doubled again, so it's $2 million. But
while that's been happening, this is where it gets wild. While that's been happening,
wages have only grown by 81%. in
the last 20 years. For example, if you were on
$100,000 a year 20 years ago, which is considered a six-figure salary
back then was considered amazing. You're on six figures. You're a
high-end middle class. You're going on family holidays. You got
a house. You're doing well, really well. Over
that time, the wages didn't do what property did. So property basically,
let's call it 200%. Wages didn't go to 200,000 to 400,000. They didn't. They grew by 81%. So your 100K went to
180K. Got it? but
property went from 500,000 to 2 million. So
your wages and wage growth at call it, you know, three, three
and a half percent per year, that's happened. But
properties have gone at like seven to 8% a year. It's just not catching
it. And so what has happened too is rents have gone up at
the same, not quite the same rate, thankfully, but they've gone up as well
with the price of properties. And so you're seeing this massive disparity.
Now let's think about that for a second. What if we scale out another
20 years and do another 200%, another 80%? We're
gonna get more of a disparity. And so less people being able to
actually afford shelter. Not own a home, listen up very closely. Actually
afford shelter. And last,
I was listening to a survival expert recently. I forget what show
it was on on YouTube. And they actually had this question. They said, what are the three most
important human needs in nature? Like, what are the three things
that if you don't get, you die? I'm like, oh, that's easy to answer that
question. They're like, what is it? I'm like, water. If you don't go for
water for three days, you die. You learn this when you're in school at like grade
four flipping geography. You learn whatever it is you're in,
what class. You learn pretty fast, outdoor education. that
if you don't have water in three days, you die, right? We all know this. And
second is food. If you don't get food for three weeks, you die. Now,
that's how I grew up and that's what I learned, but it's wrong. The
one basic human need if you're in nature and you need to survive and
you don't get it first, you die. And
it is shelter. Shock, I
was like, what, how? Because of things like exposure. Hypothermia,
right, can cook you, well, it doesn't cook you, hypothermia does the opposite. Hypothermia
can freeze you to death, right? And if you don't get shelter, you're exposed
to the elements. It's very, if you go without shelter for
three days, the impact to your body is irreparable.
It can really kill you. So think about that. We're
actually making shelter the number one human need. We're making it
unaffordable for our citizens. I've never said this
before, but it's a flippant disgrace. It's a disgrace.
It's a disgrace. We should be, I mean, the fact that there's
not many... We just take it on
the chin, right? It's not, and
if you're one of these people who's bought, have taken this, have
risen or have floated up on this high tide of
property prices and you're all high and mighty, well, that's great for
you. But what about your children and grandchildren? Like, I
think about my niece and nephew, like, what are they gonna do? It's
like, oh, bugger them. We've got wealth in our family. Well, that's
a very narcissistic, arrogant approach to take. Our
senior generation or the policies being made in this country are not
supportive of young people next generation. It's a God, it's a disgrace. It's
disgusting. Politicians should be limited to
one house. They shouldn't be incentivized to buy multiple houses because
they can make policy that pumps property prices. They can immigrate this
country where they're doing it right now. Okay, we'll come to that in a second. So
the reason why that's happening, the reason why this happened is two reasons. Why property prices are
way outperforming wages. It's because of this. Firstly,
interest rates in the 70s were at about 17%, because they had
to break inflation, right? Paul Volcker came out, he
was the chair of the Federal Reserve in America, and the world was
kind of sitting at high interest rates of 17%. And what he had to do was he
had to lift rates up to get inflation back down, and he
lifted rates to 17%. And when he did that, What
happened was when you raise interest, this is an absolute economic policy.
If you've ever studied any level of macroeconomics, this is an
absolute fact. It's physics. It's not, it's mathematical, which
means it's not up for dispute. But when you have, when rates
go up, and by rates, I mean the interest rate at
the reserve bank, when it goes up, the
value of assets falls. Because the
value of the future cash flows discounted back at a discount rate,
it's called the time value of money. When you discount those future cash flows back to
a net present value today, the net present value formula, which is
a mathematical formula you learn in any finance education, right?
When you discount them back at a high interest rate, the current value of
the property or the asset, whatever it is, shares, property,
bonds, is less today. Let me
just rephrase that for you so you understand. When you have a high interest
rate and you discount the future cash flows back from
the future to today's value using a high interest rate,
it means the asset is a lower value. So that's
why in 1990, when rates were at 17%, property
prices were very low compared to your wage. In fact, two to three
times annual wages. So if you were making 50 grand back then, a property
was about 100,000 to 150,000. very affordable, everyone
was buying, it was easy to pay it off, no dramas, okay? That's
fine. That's actually very, three to four times earnings is a nice fair
value. And in America right now, it's about 4.5, which is very
reasonable, okay? In Australia, it's 13 times
earnings. And in Japan in the 90s, before the
great kind of sort of big property bubble back
then for Japan, It was at 18 times earnings. So
we're not too far off. Anyway, so back in 1990, when
rates were all time highs, property prices were all time lows. But
guess what happened in the last 30 years? Yes, you guessed it.
Rates went from 17% to 1%, 1.25%, from 17 to one. So what happens when you
drop rates? It does this, it does this. So
when you drop rates, you lift asset prices. That's
because the future cash flows are discounted back at a lower rate, which means the asset value
is worth more. So you haven't been in a property boom,
you've been in a rate reduction cycle of 30 years. And
you didn't create that. You're not a genius. You're not that smart.
You just bought, it's timing. Arguably, honestly,
it's luck. You happen to be born in 19... in
the 1960s. That is the ovarian lottery. You
didn't plan that. You flipped it.
And now you're like, I'm flipping property investment. Well, let's see what
happens when interest rates go
back up. They used to be at seven and
a half percent, which is about roughly on average in the last thousand
years what they've been at. It's only recently because
of COVID that they really, and the GFC, that they really dropped them
so drastically. It's truthfully, like it's only recent. In fact,
interest rates got as low as pot, as low as they've ever been for
5,000 years in your lifetime. So think about it.
What happens when rates go back up? Yes, the value of your real estate falls. Welcome
to the party. You get it. What's holding it up and propping up
unnaturally is we're immigrating 600,000 people
to this country every single year. The average over the last 10 years was about 200,000, so
it's tripled. Of course, you're going to have stress
on the infrastructure and the housing of the country because you're not building enough houses to
house them. And it
just doesn't need to happen. It's a policy that can be stopped immediately by
government. But the reason why they're doing it is because they don't want to face a recession because they don't want
to get out of power. And they also, guess what? They own half
a dozen houses themselves. It should be
bloody banned, I tell you, for them to have houses because they're making policy to
pump their own bloody equity up. I'm disgusted You
can't tell. Disgusting. So that's what's happened. Now,
when rates go back up and your value falls, yes, a
rising tide lifts all boats. So when we have a rising tide that's
happened, you don't know who's swimming naked until the tide goes out. But when
rates go back up, The tide, my friends, will go back out and you'll see
who's swimming naked. Swimming naked means this. You will see who's
got leverage out to their eyeballs. You will see very quickly who's
got 10 properties fully geared to their eyeballs. Because when rates go back
up, and they will, because the bond yields are going up, which we'll talk about in a second, they
won't be able to escape. Because whenever it runs for the exit, They ain't
getting out. Cause when everyone tries to sell their property at the same time, it
doesn't end well. Okay. All right. So dwellings have risen faster
than wages long-term. Third part, mortgage stress
and household budgets. So interestingly at the moment, by
the numbers, these are crazy numbers.
Okay. So the data points of this, the now, the
app previous to the recent bubble in real estate and
the policy and immigration, the
average percentage of your household income that went to paying
your mortgage was about 30%, okay? About 30%, and
that's fairly reasonable, right? But now, it's 49%, which
means if you've got a household that's earning 200,000, let's say both
the woman and the man are making 100 grand each, okay? Six figures. And
they're sending their kids to daycare, because they're both working, they can't afford to stay
home and look after the kids. So let's say net into
their, if they've got one child, it's 25,000 a year. So if you've
got two kids, it's 50. Now they do get some rebates from the government. So let's call
it 20 grand. So they'd really make it 180,000 combined. That's
before tax. After tax, probably about 120, let's
say. So you've got 120 coming in. That's around about
$2,500 a week, right? Think about that. Listen to this very closely, because
you've got to pay your mortgage with after tax dollars, not before tax dollars. So
out of the 2,500 a week, $1,250 is
going to the mortgage. Like, and
then the family's supposed to live off $1,250. Are you kidding me? Like, and
then groceries of like $300. So. No
wonder people are struggling, like no wonder they're telling the government, please reduce interest
rates, because you can't, they can't afford their mortgage, right? Because they come into
the market and they're buying at all time highs with borrowings and they're both
strapped because they're both already working kids in childcare. There's nowhere
else to go. Like we're cooking our citizens. It's
a flippant disaster. It's a joke, right? So now take,
check this out. You'll now take 21 to 46 years, to
save up, not for the whole property, for the deposit, for
an entry-level home. And the mortgage will take 63% of
the median income yearly. That's where we're headed. Right?
So the income debt to income ratio and the mortgage rate is
getting out of control. Okay? Just quickly, if you're ready to take control
of your finances but feel stuck on where to start, I have a
solution. My book, Money Buys Happiness, simplifies investing
and wealth building with practical steps to help you achieve financial peace.
Get your copy via the link in the show notes and let's get your money working for
you. Now back to the episode. Number
four, this is also what's happening at the same time. Do you see why
the economy is in crisis? It's going to come home to roost. It
ain't good. I personally think we should take the recession on the chin,
stop immigrating people, shift our energy policy to nuclear
so we can reduce energy costs because that inflates everything. And
we need to stop bringing people in so we can just let the housing supply catch up a
little bit. And of course, we need to increase interest rates, not bring them
down, because we need to have the recession we need to have. We all need to take it on the
chin and realize that this country cannot go through decades and decades of
no recession. We need to have one. It's like when you have a bushfire,
it's like, oh, it's beautiful and green and everything's going well. Well, sometimes you need a
bushfire to come through and get rid of the foliage, okay? That's what we need.
We haven't had one in this country for so long and they're preventing it and preventing it. They're kicking the
can down the road and it's getting worse and worse and worse and worse. So
when it really happens, it's going to be even worse. So occasionally you need a
bushfire because you need these new roots to come through, right? Capitalism
needs to have resets and we haven't had it because we're turning into a socialist economy, which we'll
come to. Now, number four, inflation reality versus official
figures. Now inflation is where the price
of goods and services goes up. Rent, petrol, groceries, et cetera, right?
So there's a, they're saying that
inflation is at 2.4% 2025. Here's
the problem I've got with that. If
you go back, I would say, look, let's
even go back five years. Yeah,
five or six years, okay? A maxi bond, from,
I'm calling it the Maxibon, the Maxibon Index,
where I'm gonna, I measure, because I love Maxibons. Like I'll go to the BP,
and if I want to like spoil myself with a dessert, my wife Alicia knows it's
a Maxibon, okay? Because here's why, you get the best of both worlds. You
get the nice creamy chocolate with the outside exterior, and you get the nice soft sandwich on
the other side. It's a win-win, okay? You get a double hit, right? Inside
tip. So I've got this Maxibon Index. I used to go in, get a Maxibon, it
was $3.30 for a Maxibon. Fair, kind of annoying, but
fair. Now, if inflation was at 2.3%, it would take, the
rule of 72 suggests, if I take 72, divide by three. it'll
tell me how long it takes for that maxi bond to double in price, okay, on
inflation. So 72 divided by three would be around about 25, is
that right? No, yeah, 24. Let's just go with
24, okay? So you see 366, yeah, exactly 24, around the number. So 24, so 72 divided by 3% inflation rate equals 24 years.
So, if inflation was really 3%, using
the exact rule of 72, that is not even disputable, go
and research it. I did an episode on it, go watch my episode, okay? It
takes 24 years for the maxi bond to double in price. You
with me? So, here are the facts. I went into
the BP recently, and to my shock horror, I
was disgusted to find out that my maxi bond at
a BP service station was $6.60. It
has doubled, not in 24 years as it should if inflation 3%, it
has doubled in about five years. So
we take the rule 72 divided by five years equals
14%. Thanks Soph, 14%. So
inflation, you're telling me it's 3%? I've got proof from my
Maxibon index from the BP service station, that's full
of BS. The inflation rate in the last five years has
been about 14%. So if
it feels like you are poorer, it's because you are. Because what's
happening in this country is instead of increasing interest rates and having the recession we
have to have, what they're doing is printing money
Yes, to supply the money, because if
bond yields are high, without going into much detail, and
you want to re and you've got country debt, you want to refinance the debt, you
don't want interest rates to be high, because then the country's got to pay more interest. So they
like to artificially keep interest rates in the country low, they like to do it
because it keeps the country's debt financing low. Okay. But
The problem with that is that they print more money. They supply the country
with more money. And people, they make money through banks, okay? And
if people are borrowing more money to buy property, they're making more money. So they're printing
more money. They're putting it out in circulation. In which case, we're
inflating away our dollar. They're calling it the Pacific peso, the Australian dollar.
And most countries are doing this with the fiat currency. That's why things like
shitcoin and crypto are becoming more popular because people
are trying to hedge themselves against this. If I was going to choose any
hedge outside stocks, which I prefer, and outside even property,
which is still better than the other two I'm going to
mention, gold and crypto, that's why gold is becoming so popular. It's
shot up because people are trying to hedge the inflation inflating
away the currency. So the reality
of inflation versus the official figures is absolutely completely different.
So your $100,000 income used to be worth 100,005 years ago. Now fact, I think it's worth 50. So
you've lost purchasing power of your dollar by
up to, like it's fallen by 50%. How about
that? In fact, it's 100% worse because 50,000 into 100,000 is
100%. So if it feels like you're doubly poor, it's because you literally are.
I'm bringing you this data from the field. This is not like something I'm making up.
So five, superannuation tax changes. Now, what's happening is
lately they've announced this superannuation change, the government, whereas if you've got a
balance over $3 million, any capital gains associated with that particular
portfolio of assets, you have to pay taxes for the year
on unrealized capital gains. That means it's the capital gains
you haven't realized yet, meaning you haven't sold the asset and realized the capital gain. So
they're going to tax you on the unrealized gains, which is the most dumb, it's the most
idiotic, stupid, dumbest thing that
the government's ever done because you can't even have, we're going to force
people who've got balances over 3 million to sell their commercial
property just to pay you one year of tax. It's the dumbest thing ever. They're not
going to be able to manage it. It's just going to be a nightmare. But because it's not indexed,
it's not indexed, which means 3 million in 20 years is
going to stay as is. So 3 million, because of inflation,
everyone's going to have a superannuation balance of 3 million, which means the government's going
to actually tax everyone's super eventually.
They're coming after your money. We've got a Westminster system
in this country, and it's not like America. People are like, oh yeah, free
speech and home of the brave. It's not us. We're a convict nation.
We are a nation of rule followers. And
so we're like the proverbial frog in the pot that's getting boiled over time.
And we're just taking it on the chin. There's no uprising here. But
what's happening is, The liberal government in this country, meaning
the LNP, the Labour, sorry, liberal, we got a different round in
Australia. The Labour government, which is very liberal in its
policy, it's got socialist style policy. And
in fact, if you go back and you do enough digging, you find that
the Prime Minister has even got some ties to communism. Without getting
into detail. I feel like I'm on a Joe Rogan podcast here. But, What
that means is he's more towards socialism, meaning take from
the rich, give to the poor. But the problem with it is you're actually now
making the poor depend on you. So what's happening is people are
now becoming dependent on the government to save them, which is very bad for
them long term. Because if you're in that place and you're depending on the government to save
you, what's going to happen is they're going to tax, tax, tax and
give, give. So they're taxing the productive people in the country and
they're giving to the unproductive. Okay, and what's
happened lately is things like NDIS, which I believe in,
I like, I think we need, for people in this country who
are really struggling, who have a disability that is absolutely life-altering, they
should, we should have some sort of national support if we can afford it for
them. But what's happened is, as soon as you show someone they can get
money for nothing, people start to also accidentally be disabled. Now
what, this is the facts. One in five people in Australia are
now on the NDIS, which means one in five people
are disabled. If you wind the clock back 10, 20 years,
I bet it wasn't even close to that figure, but because they know there's free money on the table,
show me the incentive and I'll show you the outcome. And now
what's happening is we're now becoming even more unproductive because we're incentivizing
poor behavior. We're incentivizing disablement. So
if you wanna make money for free, go get disabled. Do anything in your power, mental health,
whatever it is you can conjure up, go get some money from the government. Free money, that's
what we're doing. This is shocking, right? So superannuation taxes
have changed, NDIS, where they're taking the
taxes they're raising is changing things, and it's getting worse and worse and
worse. Number six, employment trends and productivity, right?
Now check this out. Since
August 2022, 72% of
all jobs have been into the public sector. So
130 of every thousand people now work for the government. And
if this is a chart here, working in on state, okay, the chart here,
it puts, check this out, it puts Australia at
the amount of public sector workers per thousand people. And
again, as I said, it's 130 and every thousand now works for the government. In
Australia, it's the highest in
almost any country in the world. In fact, Australia is at the top. More
than Israel, Britain, France, Spain, United States, Brazil, Turkey, Argentina,
Mexico, Thailand, et cetera. We are at the very top
for how many people work for government. We are slowly becoming a
government working country entirely. So
we are moving towards a level of what would be considered
communism. where you actually only
work for the state. Last time I checked, didn't work out so good
for North Korea. Now, what's interesting with China, it
is communist driven, so it's state owned, but it's a capitalist society.
I think personally, it's more capitalistic than us at this present time.
Scary to think that. People are like, what happens if the Chinese invade? I'm
like, well, they're doing a pretty good job running their country. It
wouldn't be a bad thing. because they'd run this country better than what we
do. Fact. Anyway, I love Australia. I'm not suggesting that, but
you know, like I'm just annoyed, right? As you can tell. But the tonality of
this episode, because I grew up in this country and it was, it's been a
country of free, it's been a wonderful country, but now they're
turning it into a dog's breakfast and I'm annoyed. That's why I'm
doing this episode, to educate you on what's actually happening. This is crazy. Number seven. Energy
and exports, this is mental. We actually are the
richest country in the world, right? Check this out. Australia
exports 35 times more gas than the
shortage of gas projected in the 2030s.
We've got projected average annual shortage of
gas in this country. The
projected shortfall is 2.3 megatons, is it? And
we export 82 megatons. Like we're exporting
35 times what our current national shortage is.
What does someone say the other day? Just when you think Australian government can do nothing stupider,
they do something stupider. And now this is because there's this
narrative being pushed and it's been pushed from this
thing called global warming. And they changed it
to climate change. And it's a national, it's
a global narrative. And what's happening now is they're discovering, recently
they discovered there was new ice at the polar caps. And
they're discovering that they said the water is gonna rise and
there's now absolute, like if you go down to the water of all
those places they said were gonna be underwater, they're not. So
it's actually not real. This
is made up. At some point, it might have been thought that
that was happening, but now it's actually shown that it's
probably happening. If it is happening, it's probably happening so slow that
we can't even really see it, and it's not such a national or global
tragedy. Now, the reason why that's a problem is because clean
energy policies are now turning into a problem, because if it's wind
energy, And it's certain energy
that is not coal or nuclear. They call it
clean energy. But the problem is it's actually making energy
more expensive in this country, which means lately energy prices
have gone up by 10%. So it's like, oh, I got hit with more energy costs. What the
hell's going on? It's because the government is hell-bent on going to
net zero, which is just a stupid policy. Look
go and explore solar wind gag do it,
but don't just go shit We're just gonna jump ship and stop supplying, you
know Hydrocarbons as well. I mean you transition over
time But this ridiculous time frame is it's now becoming
not even really that important because we're not We're realizing we're
not really cooking the planet as much as what we thought now how that
impacts you is For a country that's
got all this incredible abundance of
resources, why are we paying $1,000 a quarter for energy?
It was making our citizens poorer, okay? So that's the seven. I hope
that makes sense. We're at a crossroads here, okay? We've
got the Australian bond yield rising. They're trying to drop in. They just dropped interest rates
the other day, again. But they need to put them up, not down.
And I'm fairly certain we're gonna come to a cross road where we're
gonna be forced to make these changes. And it's gonna be gnarly, right?
Because we cannot continue with 13 times earnings for
houses. Our kids are gonna suffer. The next generation, we're gonna leave.
We're living in just a terrible place. We
need to take some responsibility for it. Now, hopefully that happens. Well, last time I checked, I
couldn't change government, nor am I trying to. Elon Musk just tried
to change the government in the United States. He's finding that very hard. I'm not suggesting I
can change government here, but what I'm wanting to do is just educate
you a bit, because if you're feeling like things are getting a little bit worse for you, statistically
they are, but that's not to get our free card. I
don't want you to use that as an excuse. What I want you to do is
understand, based on the facts that I've shared with you here today on this episode, is
I want you to understand where you're at and I want you to understand what's coming and
I want you to now take ownership of what you're going to do to
increase your income, reduce your debt, take ownership
of your family's future because if you depend on the government, I'm here to tell you
it's just going to get worse and worse and worse until we
get some sort of reasonable leadership, especially when there's more people coming and
it's more competitive. So there's never been a more important time
to get financially educated, start actually learning to increase
your income, drop your debt, learn to invest. Because if you don't learn
to invest in assets that hedge inflation, if you don't learn to do these things now,
you're going to get inflated away. You're going to be off the
list of people that can even afford to live in this country. And you may need
to consider living in a place you don't even like. And I mean,
you may even consider having to board with other families. I mean, this is going to get
dire. So there's never been a more important time to
educate yourself financially. So go check out our links in our YouTube.
Go check out me on Instagram. Go and start beginning your education journey. Go and
check out some other episodes, the next episode even, on the Money Goes on
Trees video podcast on YouTube. Subscribe to the channel, share this with a friend,
and start educating yourself and your kids on what's going to happen and what you should be doing to
still, as best you can, dominate your own personal household
finances. so that you're at least ahead of the game here when
this country starts going down and down and down further and further. I hope it doesn't happen. You
know what? I hope I'm wrong, right? I hope I'm
wrong, but I'm not giving you personal opinion. All
I'm sharing with you on this episode is data, okay? It's just data.
And so you can take with it and do with it what you want, but I want to make sure this
podcast gives you no BS approach to financial
education and what's happening with your own finances. So I hope that
makes sense. And if you've enjoyed the episode, if you have, share it with a friend and I'll see you
in the next episode of the Money Grows on Trees podcast. Thanks for listening to
Money Grows on Trees. If you enjoyed the episode, leave a five-star review
on Apple Podcasts and Spotify and subscribe to
us on YouTube so you never miss an episode. And if you're serious about building
wealth, make sure to check out the links in the show notes and follow me on
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