12 Economic Laws that will Make You More Money

TIMECODES
0:00 Intro
0:28 Inflation is a wealth
transfer from lender to
borrower
2:10 The one who gets
the money first, wins
3:48 All dollars are loaned
into existence
6:14 Interest rates are the
cost of money
10:25 Leveraged assets are simply
dollar shorts
11:58 You can only consume what
has been produced
14:33 Infinite growth happens with
finite resources
16:27 That which is taxed will
shrink, and that which is
subsidized will grow
17:55 Losses are stronger than
gains
20:00 90% of gains are going to
come from 10% of your
choices
21:27 Value is subjective and
ordinal
23:30 The death tax is always
100%

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My name is Joe Brown, and I'm a former stock broker who spent years advising the top 1% on how to manage their wealth. After making enough money to leave the corporate world behind, I turned my attention to teaching regular people financial strategies that exist outside the mainstream - things you'd never hear from your traditional fiancial advisor.

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

[abhirajshrivastava]

I have saved this video in my playlist. It is timeless & explained in as simple language as a normal person can understand. Truly value adding.

[bbartlow]

Joe is a master of "certeris parabus" and "at the margin" thinking. He's better at explaining this than every econ prof I had for 6 years.

[bradon]

Honestly one of the best finance videos I've ever watched on youtube! Incredible work brother.

[Jeff__M]

Your communication skills are A1 brother. Seriously, top notch. 👏 🎩

[owenbanks]

Well done!
Pass this along to the younger generation they need it!

[jon]

Love how many times he says "make the world a better place" ❤

[sryavuz]

Great video. I agree with all. And "produce more than you consume" is a great motto to live for.

[stephmeldrich]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[cardiackccfitness]

I love this Video! This is the best way to be the best citizen we can be. It's also very biblical how we should live as Christians if you identify yourself as that, which I do. And it will also lead to being wealthy. I've watched your videos for a long time and you are by far the most thorough person on finance that I have run across. Your videos give way more information than anything you listen to from Ray Dalio, Charlie Munger (RIP), and I'd say even Warren Buffett.

[makis]

Death Tax is 100% is the best economic advice ever, like try to make wealth but you have to remember, your time with your assets is finite.

[surgicalinvesting]

Great video! I really believe inflation is the most dangerous tax out there, and it’s tough to see how the middle and lower classes, by pushing for more government intervention, are actually hurting themselves.

[wealthpotion]

Inflation is theft. Wealth transfer from lender to borrower is a nice spin on it, and really paints a picture of who is the thief and who is the victim…

[willisshu]

Thank you for explaining "money is loan into existence" by using the example of how banks loan out the same money people are depositing into the banks so if everyone comes to the bank at the same time to get their money, there is not enough money to pay everyone who wants their money from the banks

[stevenp]

This is such a great show. Thank you for what you do. Wishing continued success.

[RedX-]

The 17:59 "Losses are stronger than gains" segment literally blew my mind. Was not aware of this until now although it makes perfect sense

[fornost]

Another good video Joe keep it up brother!

[MichaelGolpe]

1:32 That’s why there’s interest because the lender would then be at a loss because of inflation.

[sharper]

Totally awesome! Love you and what you do, Joe Brown! What a positive way to look at the world of finance and life. I rarely comment on your work but always appreciate and love your education!

[andrasgergely]

Very good episode of the program again!

[EconomicNinja]

You just inspired my next catch phrase...