#239 - Why Is The Australian Property Market Collapsing?!

Australian home values have grown by, look at this, 193%, which is wild. Inflation is at 2.4% in 2025. Here's the problem I've got with that. One in five people in Australia are now on the NDIS. We're now becoming even more unproductive because we're incentivising poor behaviour. So if you want to make money for free, go get disabled. Since August 2022, 72% of all jobs have been in the public sector. So 130 of every thousand people now work for the government. In Australia, it's the highest

in almost any country in the world. In fact, Australia's at the top. Just when you think Australian government can do nothing stupider, they do something stupider. This is because I'm Lloyd James Ross, seven-figure investor and entrepreneur, and I've helped thousands of business owners and professionals turn financial stress into success. If you're stuck in old money habits, overwhelmed by

investing, or unsure where to start, this is for you. I'll give you the mindset and strategies to take control, grow your wealth, and achieve financial freedom. It's time to make your money work for you. The Australian economic crisis explained. That's what this episode is all about. I want to

dive deep with you into seven reasons why it's very obvious that the Australian economy is entering a very rough patch, a challenging period. But I want to explain this to you as best I can in simplest terms, so you really try and understand or can at least grasp what is actually happening in

this particular country at this time. Now, the things I'm going to explain are happening in other countries as well, but specifically in our country in Australia, where I'm recording this episode, there are some things happening where on the surface, all looks robust. But underneath, when we pull back the curtain, some of these metrics will, and should, frighten you a little bit. Because the way we're headed is not going to be a prosperous time

for a lot of us, and we're going to hit some challenges. But more than anything, I want you to understand what's happening in the economy. so you can be educated about well that's actually what's happening whereas what you might be thinking or you may be following something else or listening to your neighbor

and it might be that you just don't really understand what's going on at all. So I'm going to use some data, some very current data to go through these different steps with you and just explain to you each part of it and how it's having an impact on the economy and specifically on you and how it can impact you, all right? So we're going to go with step number one first which is actually the complete illusion of prosperity, all right? So it's really about understanding GDP and GDP per capita.

So what GDP stands for is gross domestic product. And in simplest terms, what that means is how much income the country produces. So how productive is the country, all right? So measuring gross domestic product is how the country's performing. But measuring real gross domestic product per capita, per capita just means per person, has declined in this country for six consecutive quarters, making it, buckle up,

the longest per capita recession on record. So when people say, oh, we're not in a recession, because a recession is just two quarters of negative GDP growth. But what's happening is we've had declines in GDP per capita. So every single quarter for the last six consecutive quarters, we've actually seen your income drop. pound

for pound relative to what's happening in the world. And it's actually the largest drop in real terms in the Western countries across all the Western democracies and economies, which is crazy because we were right up there and now it's falling consecutively and it's still falling. And I'm looking at a chart here at Pete in 2022. So right when COVID happened,

And since then, well, like right in the guts of COVID. And when, from that point on, it's dropped drastically from, God, it's like, the index has been measured since 2007, and it was on an upwards trajectory, but now it's just been dropping drastically. So, real income per capita is falling by a lot, and has fallen over the last, yeah, six quarters. And it's actually worse than the 1980s recession, the 1970s recession from inflation, and the 1990s recession from the Asian currency crisis

or the Japanese currency crisis. So it's now worse probably about by threefold than all of those. So whilst we're not in an actual recession because they're not recording negative GDP growth for the country, we are definitely in that for each person. So what that means is if it feels like you're poorer and you're working the same or harder for less real dispensable or disposable income, it's because you are. And what's caused that is is the next step.

So what's the cause of this? Why has this happened? You've got to think about Australia being a productive country. And what happens in Australia is this. Generally, we take resources and we export them. That's really how we make a lot of our money. We're actually the richest country in the world from a resource perspective. So we should also be the richest per capita. But we're not because the policy isn't effective.

The policy is the government. And the way the economy is working currently, it's not all the government's fault, it's not producing for the citizens. We can't just conjure up legislation to do that. So we're going to stuck in this Westminster democracy system, plus we're stuck in the private sector and the public sector and policy. It's a bit of a nightmare. So whilst we're the richest, we're also the poorest. We're poorest in sense of the

growth in our personal income is falling. So this one thing has caused a lot of it, especially at a personal level. Here's what it is. Over the past two decades, the last 20 years, Australian home values have grown by, look at this, in the last week, 193%, which by and large, it's not a bad thing, but here's

where it sucks for anyone who lives here, who's lived here for the last two decades. So back then, I was 21. So I was just entering my career. And so what's happened is prices in property have 2x, which is wild. In fact, they're probably 3x. A 200% return means they've doubled and doubled again. So if a property is worth $500,000 back then, it's doubled to a million, doubled again, so it's $2 million. But while that's been happening, this is where it gets wild. While that's been happening,

wages have only grown by 81%. in the last 20 years. For example, if you were on $100,000 a year 20 years ago, which is considered a six-figure salary back then was considered amazing. You're on six figures. You're a high-end middle class. You're going on family holidays. You got a house. You're doing well, really well. Over that time, the wages didn't do what property did. So property basically,

let's call it 200%. Wages didn't go to 200,000 to 400,000. They didn't. They grew by 81%. So your 100K went to 180K. Got it? but property went from 500,000 to 2 million. So your wages and wage growth at call it, you know, three, three and a half percent per year, that's happened. But properties have gone at like seven to 8% a year. It's just not catching it. And so what has happened too is rents have gone up at the same, not quite the same rate, thankfully, but they've gone up as well

with the price of properties. And so you're seeing this massive disparity. Now let's think about that for a second. What if we scale out another 20 years and do another 200%, another 80%? We're gonna get more of a disparity. And so less people being able to actually afford shelter. Not own a home, listen up very closely. Actually afford shelter. And last, I was listening to a survival expert recently. I forget what show

it was on on YouTube. And they actually had this question. They said, what are the three most important human needs in nature? Like, what are the three things that if you don't get, you die? I'm like, oh, that's easy to answer that question. They're like, what is it? I'm like, water. If you don't go for water for three days, you die. You learn this when you're in school at like grade four flipping geography. You learn whatever it is you're in,

what class. You learn pretty fast, outdoor education. that if you don't have water in three days, you die, right? We all know this. And second is food. If you don't get food for three weeks, you die. Now, that's how I grew up and that's what I learned, but it's wrong. The one basic human need if you're in nature and you need to survive and you don't get it first, you die. And it is shelter. Shock, I was like, what, how? Because of things like exposure. Hypothermia,

right, can cook you, well, it doesn't cook you, hypothermia does the opposite. Hypothermia can freeze you to death, right? And if you don't get shelter, you're exposed to the elements. It's very, if you go without shelter for three days, the impact to your body is irreparable. It can really kill you. So think about that. We're actually making shelter the number one human need. We're making it unaffordable for our citizens. I've never said this

before, but it's a flippant disgrace. It's a disgrace.

It's a disgrace. We should be, I mean, the fact that there's not many... We just take it on the chin, right? It's not, and if you're one of these people who's bought, have taken this, have risen or have floated up on this high tide of property prices and you're all high and mighty, well, that's great for you. But what about your children and grandchildren? Like, I think about my niece and nephew, like, what are they gonna do? It's

like, oh, bugger them. We've got wealth in our family. Well, that's a very narcissistic, arrogant approach to take. Our senior generation or the policies being made in this country are not supportive of young people next generation. It's a God, it's a disgrace. It's disgusting. Politicians should be limited to one house. They shouldn't be incentivized to buy multiple houses because they can make policy that pumps property prices. They can immigrate this

country where they're doing it right now. Okay, we'll come to that in a second. So the reason why that's happening, the reason why this happened is two reasons. Why property prices are way outperforming wages. It's because of this. Firstly, interest rates in the 70s were at about 17%, because they had to break inflation, right? Paul Volcker came out, he was the chair of the Federal Reserve in America, and the world was

kind of sitting at high interest rates of 17%. And what he had to do was he had to lift rates up to get inflation back down, and he lifted rates to 17%. And when he did that, What happened was when you raise interest, this is an absolute economic policy. If you've ever studied any level of macroeconomics, this is an absolute fact. It's physics. It's not, it's mathematical, which

means it's not up for dispute. But when you have, when rates go up, and by rates, I mean the interest rate at the reserve bank, when it goes up, the value of assets falls. Because the value of the future cash flows discounted back at a discount rate, it's called the time value of money. When you discount those future cash flows back to a net present value today, the net present value formula, which is a mathematical formula you learn in any finance education, right?

When you discount them back at a high interest rate, the current value of the property or the asset, whatever it is, shares, property, bonds, is less today. Let me just rephrase that for you so you understand. When you have a high interest rate and you discount the future cash flows back from the future to today's value using a high interest rate, it means the asset is a lower value. So that's why in 1990, when rates were at 17%, property

prices were very low compared to your wage. In fact, two to three times annual wages. So if you were making 50 grand back then, a property was about 100,000 to 150,000. very affordable, everyone was buying, it was easy to pay it off, no dramas, okay? That's fine. That's actually very, three to four times earnings is a nice fair value. And in America right now, it's about 4.5, which is very reasonable, okay? In Australia, it's 13 times

earnings. And in Japan in the 90s, before the great kind of sort of big property bubble back then for Japan, It was at 18 times earnings. So we're not too far off. Anyway, so back in 1990, when rates were all time highs, property prices were all time lows. But

guess what happened in the last 30 years? Yes, you guessed it. Rates went from 17% to 1%, 1.25%, from 17 to one. So what happens when you drop rates? It does this, it does this. So when you drop rates, you lift asset prices. That's because the future cash flows are discounted back at a lower rate, which means the asset value is worth more. So you haven't been in a property boom, you've been in a rate reduction cycle of 30 years. And

you didn't create that. You're not a genius. You're not that smart. You just bought, it's timing. Arguably, honestly, it's luck. You happen to be born in 19... in the 1960s. That is the ovarian lottery. You didn't plan that. You flipped it. And now you're like, I'm flipping property investment. Well, let's see what happens when interest rates go back up. They used to be at seven and a half percent, which is about roughly on average in the last thousand

years what they've been at. It's only recently because of COVID that they really, and the GFC, that they really dropped them so drastically. It's truthfully, like it's only recent. In fact, interest rates got as low as pot, as low as they've ever been for 5,000 years in your lifetime. So think about it. What happens when rates go back up? Yes, the value of your real estate falls. Welcome

to the party. You get it. What's holding it up and propping up unnaturally is we're immigrating 600,000 people to this country every single year. The average over the last 10 years was about 200,000, so it's tripled. Of course, you're going to have stress on the infrastructure and the housing of the country because you're not building enough houses to house them. And it just doesn't need to happen. It's a policy that can be stopped immediately by

government. But the reason why they're doing it is because they don't want to face a recession because they don't want to get out of power. And they also, guess what? They own half a dozen houses themselves. It should be bloody banned, I tell you, for them to have houses because they're making policy to pump their own bloody equity up. I'm disgusted You can't tell. Disgusting. So that's what's happened. Now, when rates go back up and your value falls, yes, a

rising tide lifts all boats. So when we have a rising tide that's happened, you don't know who's swimming naked until the tide goes out. But when rates go back up, The tide, my friends, will go back out and you'll see who's swimming naked. Swimming naked means this. You will see who's got leverage out to their eyeballs. You will see very quickly who's

got 10 properties fully geared to their eyeballs. Because when rates go back up, and they will, because the bond yields are going up, which we'll talk about in a second, they won't be able to escape. Because whenever it runs for the exit, They ain't getting out. Cause when everyone tries to sell their property at the same time, it doesn't end well. Okay. All right. So dwellings have risen faster than wages long-term. Third part, mortgage stress

and household budgets. So interestingly at the moment, by

the numbers, these are crazy numbers. Okay. So the data points of this, the now, the app previous to the recent bubble in real estate and the policy and immigration, the average percentage of your household income that went to paying your mortgage was about 30%, okay? About 30%, and that's fairly reasonable, right? But now, it's 49%, which means if you've got a household that's earning 200,000, let's say both

the woman and the man are making 100 grand each, okay? Six figures. And they're sending their kids to daycare, because they're both working, they can't afford to stay home and look after the kids. So let's say net into their, if they've got one child, it's 25,000 a year. So if you've got two kids, it's 50. Now they do get some rebates from the government. So let's call it 20 grand. So they'd really make it 180,000 combined. That's before tax. After tax, probably about 120, let's

say. So you've got 120 coming in. That's around about $2,500 a week, right? Think about that. Listen to this very closely, because you've got to pay your mortgage with after tax dollars, not before tax dollars. So out of the 2,500 a week, $1,250 is going to the mortgage. Like, and then the family's supposed to live off $1,250. Are you kidding me? Like, and then groceries of like $300. So. No wonder people are struggling, like no wonder they're telling the government, please reduce interest

rates, because you can't, they can't afford their mortgage, right? Because they come into the market and they're buying at all time highs with borrowings and they're both strapped because they're both already working kids in childcare. There's nowhere else to go. Like we're cooking our citizens. It's a flippant disaster. It's a joke, right? So now take, check this out. You'll now take 21 to 46 years, to save up, not for the whole property, for the deposit, for

an entry-level home. And the mortgage will take 63% of the median income yearly. That's where we're headed. Right? So the income debt to income ratio and the mortgage rate is getting out of control. Okay? Just quickly, if you're ready to take control of your finances but feel stuck on where to start, I have a solution. My book, Money Buys Happiness, simplifies investing and wealth building with practical steps to help you achieve financial peace.

Get your copy via the link in the show notes and let's get your money working for you. Now back to the episode. Number four, this is also what's happening at the same time. Do you see why the economy is in crisis? It's going to come home to roost. It ain't good. I personally think we should take the recession on the chin, stop immigrating people, shift our energy policy to nuclear

so we can reduce energy costs because that inflates everything. And we need to stop bringing people in so we can just let the housing supply catch up a little bit. And of course, we need to increase interest rates, not bring them down, because we need to have the recession we need to have. We all need to take it on the chin and realize that this country cannot go through decades and decades of no recession. We need to have one. It's like when you have a bushfire,

it's like, oh, it's beautiful and green and everything's going well. Well, sometimes you need a bushfire to come through and get rid of the foliage, okay? That's what we need. We haven't had one in this country for so long and they're preventing it and preventing it. They're kicking the can down the road and it's getting worse and worse and worse and worse. So when it really happens, it's going to be even worse. So occasionally you need a

bushfire because you need these new roots to come through, right? Capitalism needs to have resets and we haven't had it because we're turning into a socialist economy, which we'll come to. Now, number four, inflation reality versus official figures. Now inflation is where the price

of goods and services goes up. Rent, petrol, groceries, et cetera, right? So there's a, they're saying that inflation is at 2.4% 2025. Here's the problem I've got with that. If you go back, I would say, look, let's even go back five years. Yeah, five or six years, okay? A maxi bond, from, I'm calling it the Maxibon, the Maxibon Index, where I'm gonna, I measure, because I love Maxibons. Like I'll go to the BP, and if I want to like spoil myself with a dessert, my wife Alicia knows it's

a Maxibon, okay? Because here's why, you get the best of both worlds. You get the nice creamy chocolate with the outside exterior, and you get the nice soft sandwich on the other side. It's a win-win, okay? You get a double hit, right? Inside tip. So I've got this Maxibon Index. I used to go in, get a Maxibon, it was $3.30 for a Maxibon. Fair, kind of annoying, but fair. Now, if inflation was at 2.3%, it would take, the

rule of 72 suggests, if I take 72, divide by three. it'll tell me how long it takes for that maxi bond to double in price, okay, on inflation. So 72 divided by three would be around about 25, is that right? No, yeah, 24. Let's just go with 24, okay? So you see 366, yeah, exactly 24, around the number. So 24, so 72 divided by 3% inflation rate equals 24 years. So, if inflation was really 3%, using the exact rule of 72, that is not even disputable, go

and research it. I did an episode on it, go watch my episode, okay? It takes 24 years for the maxi bond to double in price. You with me? So, here are the facts. I went into the BP recently, and to my shock horror, I was disgusted to find out that my maxi bond at a BP service station was $6.60. It has doubled, not in 24 years as it should if inflation 3%, it has doubled in about five years. So we take the rule 72 divided by five years equals 14%. Thanks Soph, 14%. So

inflation, you're telling me it's 3%? I've got proof from my Maxibon index from the BP service station, that's full of BS. The inflation rate in the last five years has been about 14%. So if

it feels like you are poorer, it's because you are. Because what's happening in this country is instead of increasing interest rates and having the recession we have to have, what they're doing is printing money Yes, to supply the money, because if bond yields are high, without going into much detail, and you want to re and you've got country debt, you want to refinance the debt, you

don't want interest rates to be high, because then the country's got to pay more interest. So they like to artificially keep interest rates in the country low, they like to do it because it keeps the country's debt financing low. Okay. But The problem with that is that they print more money. They supply the country with more money. And people, they make money through banks, okay? And if people are borrowing more money to buy property, they're making more money. So they're printing

more money. They're putting it out in circulation. In which case, we're inflating away our dollar. They're calling it the Pacific peso, the Australian dollar. And most countries are doing this with the fiat currency. That's why things like shitcoin and crypto are becoming more popular because people are trying to hedge themselves against this. If I was going to choose any hedge outside stocks, which I prefer, and outside even property, which is still better than the other two I'm going to

mention, gold and crypto, that's why gold is becoming so popular. It's shot up because people are trying to hedge the inflation inflating away the currency. So the reality of inflation versus the official figures is absolutely completely different. So your $100,000 income used to be worth 100,005 years ago. Now fact, I think it's worth 50. So you've lost purchasing power of your dollar by up to, like it's fallen by 50%. How about that? In fact, it's 100% worse because 50,000 into 100,000 is

100%. So if it feels like you're doubly poor, it's because you literally are. I'm bringing you this data from the field. This is not like something I'm making up. So five, superannuation tax changes. Now, what's happening is lately they've announced this superannuation change, the government, whereas if you've got a balance over $3 million, any capital gains associated with that particular portfolio of assets, you have to pay taxes for the year

on unrealized capital gains. That means it's the capital gains you haven't realized yet, meaning you haven't sold the asset and realized the capital gain. So they're going to tax you on the unrealized gains, which is the most dumb, it's the most idiotic, stupid, dumbest thing that the government's ever done because you can't even have, we're going to force people who've got balances over 3 million to sell their commercial

property just to pay you one year of tax. It's the dumbest thing ever. They're not going to be able to manage it. It's just going to be a nightmare. But because it's not indexed, it's not indexed, which means 3 million in 20 years is going to stay as is. So 3 million, because of inflation, everyone's going to have a superannuation balance of 3 million, which means the government's going to actually tax everyone's super eventually. They're coming after your money. We've got a Westminster system

in this country, and it's not like America. People are like, oh yeah, free speech and home of the brave. It's not us. We're a convict nation. We are a nation of rule followers. And so we're like the proverbial frog in the pot that's getting boiled over time. And we're just taking it on the chin. There's no uprising here. But what's happening is, The liberal government in this country, meaning

the LNP, the Labour, sorry, liberal, we got a different round in Australia. The Labour government, which is very liberal in its policy, it's got socialist style policy. And in fact, if you go back and you do enough digging, you find that the Prime Minister has even got some ties to communism. Without getting into detail. I feel like I'm on a Joe Rogan podcast here. But, What that means is he's more towards socialism, meaning take from

the rich, give to the poor. But the problem with it is you're actually now making the poor depend on you. So what's happening is people are now becoming dependent on the government to save them, which is very bad for them long term. Because if you're in that place and you're depending on the government to save you, what's going to happen is they're going to tax, tax, tax and give, give. So they're taxing the productive people in the country and

they're giving to the unproductive. Okay, and what's happened lately is things like NDIS, which I believe in, I like, I think we need, for people in this country who are really struggling, who have a disability that is absolutely life-altering, they should, we should have some sort of national support if we can afford it for them. But what's happened is, as soon as you show someone they can get money for nothing, people start to also accidentally be disabled. Now

what, this is the facts. One in five people in Australia are now on the NDIS, which means one in five people are disabled. If you wind the clock back 10, 20 years, I bet it wasn't even close to that figure, but because they know there's free money on the table, show me the incentive and I'll show you the outcome. And now what's happening is we're now becoming even more unproductive because we're incentivizing poor behavior. We're incentivizing disablement. So

if you wanna make money for free, go get disabled. Do anything in your power, mental health, whatever it is you can conjure up, go get some money from the government. Free money, that's what we're doing. This is shocking, right? So superannuation taxes have changed, NDIS, where they're taking the taxes they're raising is changing things, and it's getting worse and worse and worse. Number six, employment trends and productivity, right? Now check this out. Since August 2022, 72% of

all jobs have been into the public sector. So 130 of every thousand people now work for the government. And if this is a chart here, working in on state, okay, the chart here, it puts, check this out, it puts Australia at the amount of public sector workers per thousand people. And again, as I said, it's 130 and every thousand now works for the government. In Australia, it's the highest in

almost any country in the world. In fact, Australia is at the top. More than Israel, Britain, France, Spain, United States, Brazil, Turkey, Argentina, Mexico, Thailand, et cetera. We are at the very top for how many people work for government. We are slowly becoming a government working country entirely. So we are moving towards a level of what would be considered communism. where you actually only work for the state. Last time I checked, didn't work out so good

for North Korea. Now, what's interesting with China, it is communist driven, so it's state owned, but it's a capitalist society. I think personally, it's more capitalistic than us at this present time. Scary to think that. People are like, what happens if the Chinese invade? I'm like, well, they're doing a pretty good job running their country. It wouldn't be a bad thing. because they'd run this country better than what we do. Fact. Anyway, I love Australia. I'm not suggesting that, but

you know, like I'm just annoyed, right? As you can tell. But the tonality of this episode, because I grew up in this country and it was, it's been a country of free, it's been a wonderful country, but now they're turning it into a dog's breakfast and I'm annoyed. That's why I'm doing this episode, to educate you on what's actually happening. This is crazy. Number seven. Energy and exports, this is mental. We actually are the

richest country in the world, right? Check this out. Australia exports 35 times more gas than the

shortage of gas projected in the 2030s. We've got projected average annual shortage of gas in this country. The projected shortfall is 2.3 megatons, is it? And we export 82 megatons. Like we're exporting 35 times what our current national shortage is. What does someone say the other day? Just when you think Australian government can do nothing stupider, they do something stupider. And now this is because there's this narrative being pushed and it's been pushed from this

thing called global warming. And they changed it to climate change. And it's a national, it's a global narrative. And what's happening now is they're discovering, recently they discovered there was new ice at the polar caps. And they're discovering that they said the water is gonna rise and there's now absolute, like if you go down to the water of all those places they said were gonna be underwater, they're not. So it's actually not real. This

is made up. At some point, it might have been thought that that was happening, but now it's actually shown that it's probably happening. If it is happening, it's probably happening so slow that we can't even really see it, and it's not such a national or global tragedy. Now, the reason why that's a problem is because clean energy policies are now turning into a problem, because if it's wind energy, And it's certain energy that is not coal or nuclear. They call it

clean energy. But the problem is it's actually making energy more expensive in this country, which means lately energy prices have gone up by 10%. So it's like, oh, I got hit with more energy costs. What the hell's going on? It's because the government is hell-bent on going to net zero, which is just a stupid policy. Look go and explore solar wind gag do it, but don't just go shit We're just gonna jump ship and stop supplying, you

know Hydrocarbons as well. I mean you transition over time But this ridiculous time frame is it's now becoming not even really that important because we're not We're realizing we're not really cooking the planet as much as what we thought now how that impacts you is For a country that's got all this incredible abundance of resources, why are we paying $1,000 a quarter for energy? It was making our citizens poorer, okay? So that's the seven. I hope

that makes sense. We're at a crossroads here, okay? We've got the Australian bond yield rising. They're trying to drop in. They just dropped interest rates the other day, again. But they need to put them up, not down. And I'm fairly certain we're gonna come to a cross road where we're gonna be forced to make these changes. And it's gonna be gnarly, right? Because we cannot continue with 13 times earnings for houses. Our kids are gonna suffer. The next generation, we're gonna leave.

We're living in just a terrible place. We need to take some responsibility for it. Now, hopefully that happens. Well, last time I checked, I couldn't change government, nor am I trying to. Elon Musk just tried to change the government in the United States. He's finding that very hard. I'm not suggesting I

can change government here, but what I'm wanting to do is just educate you a bit, because if you're feeling like things are getting a little bit worse for you, statistically they are, but that's not to get our free card. I

don't want you to use that as an excuse. What I want you to do is understand, based on the facts that I've shared with you here today on this episode, is I want you to understand where you're at and I want you to understand what's coming and I want you to now take ownership of what you're going to do to increase your income, reduce your debt, take ownership of your family's future because if you depend on the government, I'm here to tell you

it's just going to get worse and worse and worse until we get some sort of reasonable leadership, especially when there's more people coming and it's more competitive. So there's never been a more important time to get financially educated, start actually learning to increase your income, drop your debt, learn to invest. Because if you don't learn to invest in assets that hedge inflation, if you don't learn to do these things now, you're going to get inflated away. You're going to be off the

list of people that can even afford to live in this country. And you may need to consider living in a place you don't even like. And I mean, you may even consider having to board with other families. I mean, this is going to get dire. So there's never been a more important time to educate yourself financially. So go check out our links in our YouTube.

Go check out me on Instagram. Go and start beginning your education journey. Go and check out some other episodes, the next episode even, on the Money Goes on Trees video podcast on YouTube. Subscribe to the channel, share this with a friend, and start educating yourself and your kids on what's going to happen and what you should be doing to still, as best you can, dominate your own personal household finances. so that you're at least ahead of the game here when

this country starts going down and down and down further and further. I hope it doesn't happen. You know what? I hope I'm wrong, right? I hope I'm wrong, but I'm not giving you personal opinion. All I'm sharing with you on this episode is data, okay? It's just data. And so you can take with it and do with it what you want, but I want to make sure this podcast gives you no BS approach to financial education and what's happening with your own finances. So I hope that

makes sense. And if you've enjoyed the episode, if you have, share it with a friend and I'll see you in the next episode of the Money Grows on Trees podcast. Thanks for listening to Money Grows on Trees. If you enjoyed the episode, leave a five-star review on Apple Podcasts and Spotify and subscribe to

us on YouTube so you never miss an episode. And if you're serious about building wealth, make sure to check out the links in the show notes and follow me on all social media platforms, at LloydJamesRoss for