How to Money · Friday, July 31, 2026
The hosts caution against dire predictions of market collapse, suggesting such forecasts are often made by individuals with a financial incentive to sell specific products. They argue that while market volatility is normal, focusing on these doomsday scenarios distracts from the reliable wealth-building power of consistent investment in the economy.
“Joel something else like, I feel like this isn't necessarily like advice that you hear, but just kind of maybe more sentiment when it comes to investors, which is the fact that they're afraid that the market is going to collapse. There's a number of fairly bright individuals out there who continue to predict that this stock market like that is just this house of cards and that were all bound to get wiped out in this historic catastrophe.”
“And so when it comes to the different financial advice out there, like best selling author of Rich Dad, Poor Dad, Robert Kiwasaki, he's one of those folks, but there are definitely others as well. But the truth is the market it's got its ups and downs, as we've experienced this year, but there's still no easier way to build wealth despite the significant amounts of volatility than regularly investing in the American economy.”
“And a lot of the folks that are the loudest voices, Matt saying that the stock market is a house of cards, or that we're going to see massive declines this year or depression twenty twenty three, it's inevitable. Those people often have a financial incentive to scare people in order to buy what they're selling.”