Get started with new-build Florida duplexes, triplexes, and quads right here. Conventional personal finance says that you should be able to put in your time, effort, and energy when you're young. When you're older, you can live a great life knocking back drinks served in coconuts. That's being severely threatened. Throughout history, some humans have perpetrated malicious time theft on other humans. Murder and slavery are extreme versions. You're likely the victim of more subtle versions. If you're working at a job, then you're selling your time, effort, and energy into the marketplace. The proxy (currency) that you're receiving in exchange for the finite resources that you expended tangibly represents what you've sacrificed. With dollar inflation blatantly debasing your currency from beneath you, your human life capital is being stolen. Invest in what’s scarce and take real world resources to produce—real estate, gold bitcoin. Avoid what’s abundant and easy to produce—dollars and stocks. I play an audio clip of Fed Chair Jerome Powell’s attack from Elizabeth Warren on raising interest rates. Last week, the Fed hiked rates for the 9th straight time. A Florida builder of rent-to-own properties joins me - SFRs in the mid-$250Ks up to fourplexes. Their build times have been reduced. They’re still paying a higher price for concrete. They’re building smaller, entry-level rental properties that you can buy and have them manage. The builder currently provides income property in: 7 southwest Florida markets, Jacksonville, Ocala, Palm Coast, Inverness, and Citrus Springs. Square footages are falling. Their site selection and stringent building codes are hurricane-resistant. Until at least April 15th, 2023, they’re offering investor buyers 2% of the purchase price at closing (buy down your rate to ~5.75% today) and two years of free PM. Get started here. Our in-house Investment Coach, Naresh, can help get you started. At times, he is paid a referral fee. This is in order to keep it free for you. Resources mentioned: Show Notes: www.GetRichEducation.com/442 Get started with new-build Florida duplexes, triplexes, and quads right here. Fed Chair Powell vs. Senator Warren video: https://youtu.be/Y-IK0xdcRW4 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that cash flows from Day One: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I’m your host, Keith Weinhold. Inflation is not only stealing your prosperity - it’s worse than you think… IT’S even stealing your time. I’ve got some new perspective on how you can stop that from happening. Then, a fresh opportunity for incentives on path-of-progress income property in a great market. Today, on Get Rich Education. Welcome to GRE! From State College, PA to College Station, TX and across 188 nations worldwide, the VOICE of real estate investing since 2014. I’m Keith Weinhold and this is Get Rich Education. Inflation is a TIME thief. It’s stealing your time. You know, here’s the problem. CW says that you should be able to put in your time, effort and energy when you’re young and live a great life when you’re older - maybe even live the life of your dreams someday. But postponing things until a nebulous someday isn’t actually so great - and even THAT is being seriously threatened for you. Look, throughout history, some human beings have perpetrated time theft on other human beings. Now, extreme versions of time theft are murder and slavery. YEAH, that’s stealing your time. But you’re likely the victim of more SUBTLE versions of time theft. If you’re working at a job and you’re selling your time, energy and effort into the marketplace… Then the proxy - the money - that you’re receiving back for your human life expended - that money tangibly represents the time that you gave up. That irreplaceable, unreplenishable highest order resource of time, that you gave away. Well, with dollar inflation blatantly debasing your money away from beneath you, your human life capital is being stolen. This is evil. Now, look. “Good money” is something that doesn’t degrade over time. Let’s look at this historically together & then I’ll bring it up to the present day for you. Centuries ago, Europeans landed in west Africa. First, it was the Portuguese in the 1400s. The Europeans found that west Africans use beads for money. Well, Europeans soon found that the beads are really cheap to produce in Europe but expensive to produce in Africa. Well soon, they brought enormous quantities of beads into Africa and they purchased EVERYTHING valuable there. There was NO WAY for beads to remain as money in Africa, no matter what the feelings of the bead holders were. Anyone that kept insisting to use the beads as money completely lost their purchasing power. In effect, the beads ceased functioning as money. Does that sound like any currency that you’re familiar with - any dollars or euros that you’ve got in your wallet today? Are you drawing any parallels here? Now, rather than beads, gold became a popular currency for millennia - because gold is beautiful, durable, and it’s expensive to mine & produce across cultures - and it still is. But as we reached modernity and we’re no longer in a world where everyone lives within 25 miles of where they grew up, gold fell out of favor as a currency - though it’s still a good STORE of value. Now you transact interstate and internationally more often. Jet travel became common. Paper money allowed you to more easily move your value across space. Today, you can electronically move dollars across space faster. But you can’t move dollars or really any sovereign currency very well across TIME… and that’s because of INFLATION. Compared to 100 years ago, today’s dollar has about 3% of it’s value from a century ago. So if you held dollars under a mattress for 100 years, you’ve lost the vast majority of your wealth. If you held dollars under a mattress for 10 years, you’ve lost substantial wealth. Lately, if you held your dollars under a mattress for 3 years, you’ve lost substantial wealth - or even if you held them in a CD or what they call a high-yield savings account. What makes a good money is a good proxy for human time. You’ve got to be sure that your money doesn’t degrade over time & that you can store it and use it. You need your medium of exchange in order to track your expended time. When we talk about perpetrating time theft, your government - whatever nation you live in - they can push a button, print billions or trillions more in currency to pay for social programs and pay for infrastructure programs or another stimulus package or QE or to send dollars & weapons to Ukraine, and the Fed buys trillions in treasury securities and mortgage-backed securities, the $2.2 trillion CARES Act. All those processes are inflationary. All this currency creation dilutes the currency that YOU hold. That’s why that $20 bill that’s in your wallet right now was worth a tiny bit more yesterday than it is today. And if your $20 bill stays in your wallet overnight tonight, it’s going to be worth a little bit less tomorrow. What the easiest way to pay for a new $1.2 trillion government program? Just print $1.2 trillion dollars. They keep doing it. It’s why America has $32T in debt today. Well, what often happens when your government pushes buttons to electronically create tons of dollars or pounds or euros or real or yen? More dollars get circulating. You and the money that you have traded your precious life time for - you just got diluted. A dollar is a low fidelity way for you to store your finite time and your finite life effort. You might pledge allegiance by creating value for others in the workplace everyday. But don’t pledge allegiance to the dollar. Your fealty should be toward accepting your INCOME in dollars but then, quickly getting out of them. Are you upset? You should be totally upset. Every single da