The Compound and Friends
The System is Broken, You Should Get Rich Anyway with Haley Sacks
11 May 2026
Chapter 1: What is the main topic discussed in this episode?
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Chapter 2: What financial anxieties are Millennials and Gen Z facing?
including the possible loss of principle and fluctuation of value. Hello, and welcome to Live from the Compound. I'm Josh Brown. Right now, a battle for the soul of Gen Z is playing out. A defining moment. that could turn an entire generation into a permanent resistance army against American-style capitalism.
While economists and politicians offer complex economic and political solutions, my guest today is trying to win the kids over to the right side, one follower at a time. Haley Sachs, known to her audience, give it up, as Mrs. Dow Jones is a financial educator, investor, and entrepreneur focused on making personal finance accessible to millennials and Gen Z. Haley, welcome to the show.
My favorite show to be on. Thank you so much.
I'm going to talk about you in the third person for two more sentences. Haley is focused.
Chapter 3: How does Haley Sachs define 'zero jargon' finance?
Haley is the host of the weekly podcast Financial Tea with Mrs. Dow Jones, described as if CNBC and Bravo had a baby, which I love, her debut book, Future Rich Person, The New Rules for Building Wealth is being released this week, May 12th. The book champions a philosophy of zero-jargon finance. blending pop culture and real stories to share everything she wished someone had told her about money.
Hailey, welcome to the show. We're so happy to have you.
I'm so happy to be here, and I'm sorry I didn't bring you a cheesesteak.
Oh, no worries. How's that for an intro, though?
Like, literally amazing.
If I eat another—I can't eat another cheesesteak, probably for at least three weeks.
Three weeks.
I need a—all right. This is what I want to ask you about, and I have to start just by setting the table. I have a video for you.
Okay.
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Chapter 4: What are the new rules for building wealth according to Haley's book?
People will watch anything. It's the same reason why movie theaters are dying. It's the same reason why no one's having any kids. It's the same reason why no one will ever have a house. And it's because no one has any f***ing money. Did we just forget that? Why is there always some think piece about, oh, why doesn't Gen Z want to do this? Why is Gen Z killing this industry?
People want to have lives! they just can't because they don't have any money you think we want to live like this you think we want to own nothing and all we have is maybe a little subscription here and there and eat like no that's all we can do you just strangle us our whole lives and you're like why aren't you breathing why don't you want to breathe
what you're doing this you're charging more and more for everything but you're not paying more this whole country is just a couple greedy billionaires going give me give me more but it's not enough because it'll never be enough they want you to love them too oh look i'm at the med gala aren't i cool you you're the reason that we're in this shit you're the reason that we can't go to
this is the financial zeitgeist right now for a lot of millennials and a lot of Gen Z. And they're sort of in some way defined by this sense of hopelessness.
Yeah.
And the thing that I think about Is like the externality of people feeling that way leads to two things that I think are not great. One is electing socialists who have easy answers like vote for me. I'll just give you free stuff. It'll be fine. But also like these nihilistic financial behaviors like like daily aggressive options trading or sports betting in place of long term investing.
I think the urgency for your book, Future Rich Person is about exactly that.
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Chapter 5: How can young people start building wealth today?
teaching people to become part of the capital class rather than leading a protest against it. Like if you can't beat them, join them. And if we can turn the kids into capitalists early, it doesn't solve all their problems right away, but it puts them on a path so that they're not out marching with signs or electing people who make bullshit promises to them.
And so I think there's a lot of urgency to your message right now for that generation. Yeah. Is that the way you think about it? Do you see it as urgently as I do? Or was that part of why you felt like I really have to get this stuff into writing?
Josh, you 100% nailed it. I couldn't have said it better myself. That is where the urgency came from. And it's something in the book that I coin called Learned Financial Helplessness. And it's this idea that the world is already so pitted against me that I shouldn't even try. Right. That basically... We're on a floating rock. The world is burning.
We've got inflation and student debt and AI is taking all the jobs. And so let's finance Coachella. Let's use, you know, buy now, pay later.
Chapter 6: What are the misconceptions about money that need to be addressed?
Let's give up. Let's, you know, all of these things. But that's why it's called the new rules of building wealth. Because yes, the system was built by rich people for rich people. But even if you don't self-identify as a rich person... Just by knowing how it works and understanding the game, you can get ahead.
Okay. What's the central rule of old finance that you felt had to be broken or redefined for this generation? Like what's that thing where you said, all right, it is a system for rich people. You're not going to change that. Yeah. So what do you do about it? So tell us about the new rules.
Well, I talk about in the book that the American dream is dead. And what that means basically is this idea that you can be loyal to a company for 40 years, have your pension, buy your house, have your house be an investment, have your 2.5 kids, all these things, that that is realistic for our generation. It's not.
And we look, our financial behaviors are set by the time we're seven years old, which means whoever raised you is basically what that's what's in your head. Leading you to make all your financial decisions. Seven.
So you have observed your parents in action long enough by age seven that you've internalized some of the things they say about money or saving or not saving.
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Chapter 7: How does capitalism impact the financial landscape for younger generations?
Money is greedy. Wanting money is greedy or like there's ever enough or like any of these, you know, mindsets that we have that keep us stuck in place. Okay. And so... It's so important to reframe that, I think, so that you're able to actually take advantage of all the opportunity that there still is.
So give us an example. Like how do we reframe that or how does somebody rewire the way that they already think about money?
Well, I have a five-step money mindset program in the book. That's where we start. And it's called Ibiza, which I know that you would love because you obviously... It's actually pronounced Ibiza. Ibiza, yeah. There is a lisp involved. And I'm glad that you were able to sort of... Ibiza, what is it? It's a five-step money mindset program.
And each of the steps is, you know, one for you to work through. It's identify, blame, interrupt, zhuzh, and then A is act.
I love you so much.
Zhuzh, of course, is act. And so...
For people that aren't familiar with zhuzh, they don't watch as much Bravo.
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Chapter 8: What mindset shifts are necessary for financial success?
So like your glam squad was zhuzhing you before we turned the cameras on.
Yeah, exactly. You've got to like, you know, take those thoughts that are maybe holding you back. Like that guy who we just watched that video, he needs to zhuzh his mindset. He's never going to make any progress with his finances because he feels like the world is so stacked against him that he might as well just give up.
Well, he went viral now. So actually now he can sell diet tea online. Oh, good.
Okay, perfect. I know. And by the way, I miss the age of like diet tea on Instagram. Those gummies, like we need to bring them back. Okay. But you have to start there because you're never going to – you would listen to The Compound every day. You have the best financial – I think you have one of the best financial advice podcasts. Like I told you, I listen religiously. It's so good.
Clip that.
Clipping, clipping. But you're never going to be able to actually use any of the information that you pick up here.
Without money. Without money.
Without money, but also without having the right mindset. You're going to keep yourself stuck. You have to choose your heart. Do you want the heart to be that you feel like that for the rest of your life and then you're just like staying stuck? Or do you want the heart of like, okay, yeah, I actually do have to like invest in my financial literacy and like, you know, work on my mindset.
I have to learn how to negotiate. I have to learn about the stock market. Like the same things that we all talk about, but it's just, you know, you got to do it.
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