Episode 164:  Investing for the Poor episode artwork

EPISODE · Jul 20, 2023 · 1 MIN

Episode 164: Investing for the Poor

from The Trackless Path · host Jonathan McCormick

An idea for the Real-Estate investor:Why not, now and then shed it allTo the benefit of the simpleAnd start again.Several times, I have seen an ad.The investor in the adBoasts of how The Discovery ChannelChallenged him to remake his fortuneIn a new city with no credit, no contacts, no money, no lifelines.They gave him 90 days. Or was it 30? I don't remember.And he did it. Isn't that amazing?!At the end of the challenge,He had a five-million-dollar business, or was it 15?I can't remember. Now, what if he had then liquidated that business,Stripped himself down to nothing,Lived a few days or weeks with the poor,And then did it all again?But instead of storing the money he earned in the bank,What if he had then used that five or fifteen millionTo purchase super simple, mortgage-free, homesFor people who either don't have a place to live,Or who desire to exit the housing racketAnd live within their means.Of course, to do such a thing, he would have to acceptThat he is putting himself out of a job.For, sooner or later, such an ideaWould bring down the market.It would change the culture.It would rock the world.Halleluja!!!

Episode metadata supplied by the publisher feed · Published Jul 20, 2023

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Episode 164: Investing for the Poor

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