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Tom Bilyeu

๐Ÿ‘ค Speaker
9026 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

The people that have gotten wealthy understand assets and the people that have gotten behind don't understand assets.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Now, the thing that I'm trying to get people to understand is, okay, there's only one asset that you understand intuitively.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

That's a home.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Once you make that impossible for people to afford, you have shot entire generations in the face because they're just never going to be able to get ahead.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Yeah.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

And so the other thing is that, to your point, all of these problems are manmade, therefore we can unmake them.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Correct.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Because if an entrepreneur can go broke by building too many houses, it's like, yeah, tough break.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Tough luck.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

That's how it works.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Yeah, no doubt.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Okay, so right now I feel like

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

The K-shaped economy, the very important for people to distinguish between inequality is God tested, God approved.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Like for whatever reason, whatever you believe in nature.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Yeah.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Like it just is.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

Yeah, not only that, look at Michael Jordan's physical abilities and mine.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

It's like they are very or more contemporary LeBron or whoever is big right now.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

It's like you see people that are capable of doing things you're just not capable of.

Tom Bilyeu's Impact Theory
Housing Crisis and Toxic Inequality: Why the American Dream Is Stalled for Millennials | Morgan Housel On Impact Theory w/ Tom Bilyeu

There's no amount of training that's going to make me as good as Michael Jordan at basketball or LeBron.