The Investing & Crypto Expert: "We Only Have 6 Years Until Everything Changes!" - Raoul Pal

We've got about six years before everything changes, and we thought money in the bank was safe. We thought our house was safe. But none of that's true. And the moment you put your money and your savings in the bank, you don't own anything. And your future self is getting poorer by 11% every year. And that's a problem for financial security and wealth creation. But I know where the opportunities lie and I've got answers.

So could you explain it to me through the context of this?

Okay, so-

Raoul Pal is one of the most influential voices in the ever-changing world of modern finance. Unpacking the secrets of crypto.

And how to build wealth in an uncertain future. People know their future is (beep) . They can't afford to buy a house. They have less savings. Debts from university. People in their 30s are the first generation that won't be as rich as their parents.

So what advice would you give to set myself up for wealth in the future?

You start investing.

But what about the people that no matter how hard they work, they still don't have that excess income to invest?

You don't need huge savings. You just need to understand how to look for opportunities. For example, the S&P 500 is not worth your time. Real estate doesn't really make you any money. Those days are gone. Gold actually lost you money. But investing in crypto like bitcoin gives us stupidly high returns in short periods of time, growing at 150% a year, scaling at twice the speed of the internet. So now the guy with $500 can get rich.

A couple of questions here then, so I'm now 30 years old-ish. Have I missed the boat?

No.

Much of the reason why I think people don't invest in crypto is they've heard stories where people have put too much in and they've lost it all. So what if you're wrong?

We're gonna talk about how not to (beep) it up.

And then how do I invest in crypto?

It's really simple. You gotta start somewhere, so... Do that and you'll make money.

This has always blown my mind a little bit. 53% of you that listen to this show regularly haven't yet subscribed to the show. So could I ask you for a favor before we start? If you like this show and you like what we do here and you wanna support us, the free simple way that you can do just that is by hitting the subscribe button. And my commitment to you is if you do that, then I'll do everything in my power, me and my team, to make sure that this show is better for you every single week. We'll listen to your feedback, we'll find the guests that you want me to speak to, and we'll continue to do what we do. Thank you so much. (upbeat music) Raoul, from a very high level perspective, and I'm being unspecific here so I'm looking for an unspecific answer, what exactly is the mission that you're on in this season of your life? Like who, what are you doing and who are you doing it for?