Is Leverage the Solution to America’s Retirement Crisis? | Abdul Al-Asaad of Basic Capital

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 Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod 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