About this episode
In this episode Sal, Adam & Justin have an in-depth conversation with attorney, banker and real estate investor Chris Naghibi about the state of banks and the economy. Chris's "lazy moron" journey into the career he has now. (1:58) What role do 'rules & regulations' play in some of these economic crises? (17:57) Successful, but not stress-tested. (25:44) What is a "run on the bank" and why is it so dangerous? (32:00) Inflation's comparison to losing body fat. (44:16) Why in order to win you have to be an extremist. (48:38) The impacts of institutional buying. (51:38) His thoughts on long/short-term leases. (57:35) How do these interest rate hikes affect banks? (1:03:58) Playing 'political chicken' with the debt ceiling. (1:07:05) Going down the rabbit hole on the future of digital currency. (1:13:02) How retail traders influence the market. (1:18:45) In order to create, we must destroy. The impact of A.I. (1:21:17) Where can you put your money, earn the most, and spend the least? (1:31:50) We are now trying to find ways to give people opportunities they didn't earn. (1:35:40) Changing your idea of investing. (1:39:37) The impacts of hybrid work for society. (1:44:09) Lessons learned from underwriting the wealthy. (1:51:22) DO NOT confuse net worth with success. (2:03:46) How does he wrestle with how his kid will inherit money? (2:08:19) Related Links/Products Mentioned On June 3rd and 4th, the Nutritional Coaching Institute is bringing back their Weekend Level 1 Certification where you'll have the ability to obtain all the course materials over two days so you can get ahead and start earning money twice as fast! LAUNCH SPECIAL: MAPS Bands , Retail for $97, with $30 off during the launch. The public price is $67. Includes 2 E-Books: Bonus #1: Ultimate Bodyweight Training Guide (Retail: $47), Bonus #2: Quick Meals for Health; Fitness (Retail: $47). Money back guarantee, Ends Sunday, May 28th. **Coupon Code BANDS30 at checkout** May Promotion: MAPS Prime or MAPS Prime Pro or the Prime Bundle 50% off! **Code MAY50 at checkout** Welcome To The Higher Standard Forget luxury goods, US shoppers are now using buy-now-pay-later services to pay for groceries SVB collapse: Peter Thiel's role scrutinized as spark of bank run Fractional Reserve Banking: What It Is and How It Works Retail Traders Are Making Risky Bets on Regional Bank Stocks Is the Market Right to Be Concerned About Regional Bank Exposure to Commercial Real Estate? Housing Market Shifts Are Pushing Out the Biggest US Home Buyers Biden and McCarthy say debt limit meeting was productive but it ends without a deal JRE#1980-Michio Kaku No, Biden isn't forcing homebuyers with good credit to pay more than borrowers with bad credit Die With Zero: Getting All You Can from Your Money and Your Life – Book by Bill Perkins Mind Pump Podcast – YouTube Mind Pump Free Resources Featured Guest/People Mentioned Christopher M. Naghibi ( @chrisnaghibi ) Instagram Saied M. Omar ( @saiedm.omar ) Instagram