Joseph Moore

Yeah, there's three myths about real estate that you can find over and over again.

It always goes up.

Investing in it is passive.

And this is how the really wealthy did it.

No, it doesn't.

No, it isn't.

And no, they didn't.

This just became kind of a personal desire, a personal obsession to kind of pursue this to the end.

Like what were Americans always told to do with their money?

And why do we always believe it?

And as it turns out, a lot of what worked was always changing.

We think that the past is stable and we're what's moving, but actually what always worked was always changing and we have to adapt with it.

And that was not what I expected to find.

Yeah, well, I mean, the fun thing about the really rich is that they rarely got rich the way they tell everyone to get rich.

You know, what's the standard advice, right?

You know, for 40 years, put 10% of your income into stocks.

Okay, run that scenario every year from the American Revolution to yesterday, and it fails in just under half of the experiences.

So as it turns out,

Like, invest in stocks for the long term has only started working fairly recently.

So this is actually, they say it's old advice.