The Culture War - Tim Pool - ITS ALL OVER ft. Mark Wilburn

00:00:00.000 With the war in Iran raging on, Donald Trump is working, he says, to get this peace agreement.

00:00:06.320 Gas prices are going up.

00:00:08.300 There's concerns the economy is going to continually get worse.

00:00:10.900 I'm going to tell you, my friends, that I've been feeling it personally.

00:00:13.600 We here at TimCast running this business.

00:00:15.880 We can tell at the macro level when the economy is not doing well because the way the ad sales system works at the national level.

00:00:23.860 And, I mean, it's kind of obvious when you drive down the street and you see $4 gas.

00:00:27.600 People are hurting right now and they're pissed off. 0.90

00:00:30.000 But there are still things to address with Gen Z and their spending habits, because this

00:00:34.060 has been a big story after Kevin O'Leary said Gen Z spending $28 for DoorDash and lunch.

00:00:40.860 And yeah, that's really expensive.

00:00:43.500 But I'm not here to rag on Gen Z.

00:00:45.140 They've got genuine grievances.

00:00:47.120 But I do think we can help y'alls out a little bit.

00:00:49.500 First, the big story that I've been tracking is that Americans are expecting a total economic

00:00:54.500 collapse within the next decade, which in turn has created this nightmare scenario of

00:01:01.300 doom spending.

00:01:02.980 This is people spending money like there's no tomorrow.

00:01:06.720 And if nobody is investing for the future, basically, there won't be one.

00:01:11.580 So this is sort of a, I don't know if you'd call it a double-edged sword.

00:01:15.860 Maybe it's a self-fulfilling prophecy that because people expect an economic collapse,

00:01:21.980 they are not preparing for the future.

00:01:24.260 Thus, we should all prepare for an economic collapse.

00:01:28.580 It's kind of scary.

00:01:30.080 Now, me, myself, I've been looking at ways to try and better spend money.

00:01:35.400 How can we run and maintain these systems?

00:01:37.320 And I will say this with the utmost of arrogance and confidence,

00:01:40.040 that there are a lot of people in the media space that have not done so well.

00:01:43.860 You know, they were riding high there making money.

00:01:45.740 And we here at Timcastle, we've done a pretty good job of managing our finances

00:01:48.340 to make sure that we can weather the political down season.

00:01:51.280 You know, ad dollars aren't there.

00:01:52.880 And then when you get a thing like, I don't know, a war in the Middle East that results in higher gas prices, what is your plan?

00:01:59.340 Now, I will say to all of my friends out there, guys, you can't just sit here and expect the end to come and give up.

00:02:06.780 You've got a plan ahead.

00:02:08.020 So let me jump to the story from MSN.

00:02:10.360 Of course, don't forget to smash the like button, share the show, follow me on X and Instagram.

00:02:15.080 We got this from MSN.

00:02:16.180 widespread collapse fears you gov poll found 42 percent of americans expect a total economic

00:02:22.480 collapse within 10 years with over a third also fearing civil war now you knew i was going to get

00:02:30.120 into this story somehow right rising federal debt war-related energy shocks and uncertainty

00:02:34.720 over ai's impact on jobs are fueling concerns about systemic instability experts urge building

00:02:41.680 emergency funds, reducing high interest debt and diversifying investments to weather potential

00:02:46.940 economic shocks. I mean, I can't really blame people. You know, you think a civil war is

00:02:54.120 possible a third and the rest think economic collapse. Well, my friends, the Washington Post

00:02:59.280 reports plunging global oil supplies threaten to push fuel prices even higher. And right now in

00:03:04.840 the United States, we're seeing mid grade at four dollars and 30 cents, which is nuts. Now they're

00:03:10.020 talking about doing this ethanol E15 nationwide, which is diluting gas, then what happens is you're

00:03:16.940 like, hey, my gas is three dollars. It's cheaper. I feel better. But you're burning in a lot faster,

00:03:22.300 huh? The Washington Post says Americans face a new round of punishing price increases for fuel

00:03:27.320 and other products as oil and gas inventories plunged. Fuel stocks are so low, experts said,

00:03:33.300 that even an abrupt agreement between the U.S. and Iran and an immediate reopening of the Strait

00:03:37.360 of Hormuz, the rich 20% of the world's oil supply flows, may not stop fuel prices from soaring anew

00:03:43.460 by the 4th of July. Now, here's where it all comes to a head. I got to tell you, my Gen Z

00:03:49.500 friends, do not doom spend. This is the real crux, because if y'all do, then we're all cooked.

00:03:58.280 You guys need to keep calm and carry on and make better decisions, make the best decisions.

00:04:05.100 The Guardian reports, doom is the prefix du jour.

00:04:08.600 Doom scrolling, doom posting, doom splaining, doom spreading.

00:04:12.420 Doom joins the other recent suffixes.

00:04:15.080 Maxing, pilled, slop.

00:04:17.320 I love that.

00:04:18.680 A survey by Credit Karma, consumer fintech, published in the fall of 24, introduced the

00:04:23.500 concept and the general parameters around doom spending.

00:04:26.080 They claim 20% of Americans doom spend to deal with stress.

00:04:30.240 The numbers rise to 37% of Gen Z and 39% of millennials.

00:04:35.340 This one kind of irks me, you know?

00:04:37.600 How Gen Z became indebted to doom spending. 0.90

00:04:42.260 Man on the television says you'll never pay off your student loan. 0.94

00:04:44.720 Lady on social media says the UK is the worst unemployment crisis since 1932.

00:04:48.580 Politicians say you're off to war.

00:04:50.060 Sally from HR says the company is restructuring and fires you over a Microsoft Teams meeting.

00:04:54.740 Science guy on Instagram says there's a new disease in India.

00:04:56.800 Your ex-girlfriend says you've let yourself go and your body looks like dropped yogurt.

00:05:00.500 In short, you've got a lot going on.

00:05:02.020 Not to mention, those of you that have jobs, recently heard from your boss that they will

00:05:06.380 not be giving out raises this year because all that money will be going to AI.

00:05:09.840 In fact, for many of you, your job performance is now how many AI credits are you spending?

00:05:15.120 Thus, boy, are people just so nihilistic.

00:05:19.800 Guys, you don't need to be nihilistic.

00:05:21.680 Bad things happen.

00:05:23.340 Sometimes economies break.

00:05:25.100 Empires don't last forever.

00:05:26.800 The question is, as the Titanic sinks, are you the man who stands atop the front rail

00:05:33.600 playing the violin saying, well, guess I'll die?

00:05:37.740 Or are you the person saying, I'm either going to find a way to survive and float on a door

00:05:42.320 or help others to survive?

00:05:45.160 My recommendation, figure out exactly what you need to do right now.

00:05:49.560 And that's what I'm doing.

00:05:51.420 So I'm trying to figure out how to best invest.

00:05:54.020 And I know for a lot of people, you don't even know how to invest because you don't make enough money to even invest.

00:05:59.620 Therein lies the big problem that results in people doom spending.

00:06:04.120 The sad reality is this.

00:06:05.140 I think I have this somewhere.

00:06:07.020 What is this?

00:06:07.800 We have the young people are rich and miserable from the argument.

00:06:11.500 This is the one. 1.00

00:06:12.940 Is Gen Z's door dash habit to blame for economic woes? 0.99

00:06:15.880 OK, let me pull this up right here. 0.90

00:06:17.460 How each generation spends its food budget.

00:06:20.720 Gen Z spends over two-thirds of its food budget on food away from home.

00:06:25.840 Now, I want to make a few points. 0.89

00:06:27.580 There is a component of this. 0.86

00:06:29.200 Gen Z spending 46% of their food budget on eating out, 22% on delivery. 0.78

00:06:34.900 That's crazy. 1.00

00:06:36.520 The delivery, get it out of there.

00:06:39.120 Here's the thing, though.

00:06:40.640 Guys, it's fascinating to me that people are ragging on Gen Z about this when I'm like,

00:06:45.340 bro, we want them to go out and socialize.

00:06:48.340 This is a generation that has been plagued by, like, anime waifus and isolation.

00:06:52.740 And now we see them going out to restaurants to eat, probably with friends.

00:06:57.760 And that is a good thing.

00:06:59.360 These people are desperately trying to socialize.

00:07:02.160 And Kevin O'Leary and others are like, what are you doing spending all this money?

00:07:04.980 Now, that being said, that being said, for a lot of these people, the delivery stuff,

00:07:09.540 OK, now you're losing it.

00:07:11.500 Millennials and Gen Z spend way too much on delivery. 0.98

00:07:13.920 You should not do that. 1.00

00:07:14.740 You really do need to figure out how to cook for yourself.

00:07:18.100 Start putting this money away.

00:07:20.140 There are secrets to saving.

00:07:22.300 And the sad reality is, guys, when you order delivery, the food is jacked up on the apps.

00:07:27.380 It's more expensive than it actually is at the store.

00:07:29.540 Delivery fee and tip, you're probably spending double. 0.99

00:07:33.140 Now, I'm not going to pretend that this is the only reason people are hurting in Gen Z.

00:07:36.720 But if Gen Z is basically saying pandemic, war, conscription, civil war, whatever, they're not going to invest, infrastructure will crumble, and then everyone is screwed and we don't have to tap in.

00:07:50.100 So we need to figure out exactly what we can do.

00:07:53.420 And the good news is I got someone joining me today to talk to us about proper investing, how you can survive this.

00:07:59.660 And the secret is, my friends, they're, you know, let me put it like this.

00:08:04.200 I would say to all of you out there, it is not difficult to be rich, whatever rich means.

00:08:10.680 And I know a lot of people are saying, ah, easy for you.

00:08:12.580 No, no, no, no, no.

00:08:13.080 Hold on.

00:08:13.920 I'm saying it's tedious.

00:08:15.620 The truth is, it really does come down to proper financial management, working extra

00:08:20.820 hard, and it's not always easy.

00:08:22.480 But we find that perseverance is the key.

00:08:24.920 Well, don't listen to me.

00:08:26.460 I'm just some guy on the internet.

00:08:27.280 I've done well for myself, but we're going to bring an expert, talk to him, and he's

00:08:30.460 going to lay it down for us.

00:08:31.740 So without further ado, ladies and gentlemen, let's get into it.

00:08:34.140 Joining me right now is Mark Wilburn.

00:08:36.500 He's a guy in the know.

00:08:37.620 He can break down exactly for us what's going on with the markets.

00:08:40.320 There's a bunch of news pertaining to, say, pattern day trading, the banning of prediction

00:08:44.920 markets, as well as everybody's kind of confused.

00:08:48.280 Gas prices are up.

00:08:49.540 The housing market is all weird. 1.00

00:08:51.300 We've got these patterns I just talked about with Gen Z, kind of just doom spending. 0.99

00:08:55.120 But I'm not a finance guy, so we got a finance guy here. 0.97

00:08:57.660 Mark, how's it going?

00:08:59.020 Hey, man, it's great to be here with you.

00:09:00.420 There's a lot going on, like you mentioned.

00:09:02.380 It's just kind of, where do you want to start?

00:09:04.400 Because we can start anywhere.

00:09:05.600 Is there going to be an economic collapse?

00:09:07.900 Like, the war's got people freaked out, gas prices, people, like, housing market.

00:09:13.180 Like, people are putting their houses off the market because they can't sell them.

00:09:16.480 Is this just fear-mongering, or should we be worried?

00:09:20.680 Personally, I think it's fear-mongering.

00:09:22.080 and here's why i've got a house that's on the market right now in like right outside of atlanta

00:09:27.240 i saw that atlanta is one of these top markets that that people are pulling from that's not the

00:09:31.700 case what i see here is if you can think of a balloon full of helium i feel like some of the

00:09:37.340 air is just getting let out before the whole thing pops and explodes when you go back to like 2022

00:09:42.680 my wife and i we had just moved we literally just moved to florida a couple weeks ago that's why my

00:09:48.360 houses on the market in Georgia, we were trying to move to Florida back in 2022 and people were

00:09:53.560 paying 10, 20, 30, 40% over asking. And so I remember putting in offers 10% over asking,

00:09:58.940 we weren't in the top 10. And so my wife's like, Hey, let's up the offer. And I said, 0.99

00:10:03.520 I'm not going to overpay for a house because when the air does come out, I don't want to be

00:10:06.980 underwater. Right. And I think we're in that period, Tim, where the air is actually coming

00:10:11.880 out. And so it's not that a bubble's popping, in my opinion, I just think it's coming back

00:10:17.060 to realistic reality. Well, so, I mean, there's a lot going on economically, and I feel like the

00:10:22.820 younger generation is hopeless. So we've been hearing about doom spending. They just, they

00:10:27.700 basically like, hey, I got my paycheck, I'm going to go gamble, or I'm going to go to a restaurant,

00:10:32.100 just buy food and have no savings. I feel like that's not a good idea. And there was an article

00:10:37.940 I was just reading in The Guardian that said that basically, if you act this way, if you spend like

00:10:42.940 there's no tomorrow, then there won't be a tomorrow. I'm curious, you know, what advice

00:10:47.640 you might have? What do you think is going to happen with Gen Z and what they should be doing? 0.98

00:10:52.180 The greatest realization every generation has is that your future is within your control. 0.80

00:10:59.000 There's no Superman that's coming to save you. Markets are going to ebb and flow continually.

00:11:05.840 Your decisions determine your future and your outcome, right? Here's a crazy stat for you.

00:11:12.640 1900 millionaires are created every single day. Wow. Mind blowing, right? So if 1900 millionaires

00:11:21.440 are created every single day, why can't you be the next one? Because you're not planning for it.

00:11:25.260 You're not preparing for it. And so having that proper financial education is critical

00:11:32.380 so that you know how to prepare for your future. Because if you don't prepare, you're not going to

00:11:37.460 have one at all, like you're mentioning. So I would say stop with the craziness, have a positive

00:11:43.620 outlook on what your life could be if you choose to create that, and then take action steps to move

00:11:50.580 forward and do it. There are two, I guess, like viral internet moments that I think make Gen Z

00:11:57.240 kind of just pull their hair out. You had Andrew Tate. He posted just by $50 million in 30-year

00:12:04.320 treasury bonds at five percent and you're set for life and everyone kind of laughed like oh yeah let

00:12:09.000 me just pull 50 million dollars cash out to buy some treasury bonds but then kevin o'leary also

00:12:13.400 said this well like o'leary had criticized gen z for spending 28 bucks on going out to eat he also

00:12:20.060 said something like it should be the goal of every like to to have insecure wealth you want to get

00:12:26.540 five million dollars in t-bills you know at five percent and the idea there is that you're going to

00:12:31.780 get paid, you know, 5% every six months, and then you get your principal back when it's over.

00:12:36.660 But I feel like telling people that, like, hey, it's real easy. Just get $5 million.

00:12:41.600 The challenge for Gen Z is you're going to be making maybe $40,000 a year, maybe $50,000 a year 0.95

00:12:46.840 if you're lucky and you get one of these jobs. Houses are way too expensive. Rent is way too 1.00

00:12:51.140 expensive. How can, you know, look, I believe it's possible to be with hard work and grit,

00:12:56.360 sacrifice, of course, you'll succeed. I did. But what do you say to, like, a young person who's

00:13:01.500 like i can't afford to have even have an apartment in in the city where i work how can i begin to

00:13:07.960 save so they kind of just give up get roommates i agreed figure it out here's why every person i

00:13:17.560 know who is successful myself included start at the bottom you start with no knowledge you put

00:13:24.520 in the work you put in the grind and i think this is this is an epidemic we have from this

00:13:29.360 participation trophy generation where everything's just handed to you. You're going to win because

00:13:33.960 you showed up. Like you don't win because you show up. You weren't win because you work harder

00:13:38.160 than everyone else. You don't quit and you have a goal that you pursue. When I, when I was in

00:13:43.760 college, one of the ways I put myself through college is I was a trim carpenter and I was

00:13:47.860 making $9 an hour as a carpenter back in time ago. Um, you know, back in 2020 or, um, that's a lie

00:13:55.960 back in 20 2000 2001 2002 i was a carpenter for four years put myself through school

00:14:01.580 that way i had four different roommates one guy lived in the garage of our house

00:14:05.600 and i saved enough money to buy that house that was my first real estate investment how old are

00:14:10.440 you i'm 44 oh it's kind of like you don't look that old to have been doing carpentry

00:14:14.940 appreciate that help good living you know good living man and so i you know i worked my tail

00:14:21.320 off at $9 an hour. By the time I graduated four years later, I was making a whopping $12 an hour

00:14:27.320 working 30 to 40 hours a week, taking a full class load. I had roommates literally till I got

00:14:34.700 married. And in fact, the when I got and when I got married, I was making really good money. I was

00:14:39.560 making well over six figures. But I just realized that this is the smart way to live, like live

00:14:47.500 below your means don't go doom spend like everything else is it good to celebrate things

00:14:52.680 yeah celebrate milestones when i had my first hundred k in my trading account i went and took

00:14:57.660 all of my friends out we went to foger de chow and i paid for everything we ordered like six

00:15:03.400 bottles of wine we had about 10 guys eating and i just like hey bring me the bill and one of my

00:15:07.620 one of my best friends at the time was a self-described socialist and he's like this is

00:15:12.380 incredible i can't believe people live live this way i said welcome to capitalism brother yeah

00:15:15.900 but that was one time right you don't do that all the time you don't do it all the time you do it to

00:15:20.320 celebrate the milestones well so here's one of the other challenges i think for the younger

00:15:24.440 generation is is gambling these these the gambling advertisements are are exploding you watch

00:15:31.220 sporting events and they're telling you screaming your face like hey you should sports bet you should

00:15:35.060 do a crazy six leg parlay and try and win a million dollars and then we end up with these

00:15:39.720 prediction markets i i'm i'm fairly libertarian in this respect like you should be free to do it

00:15:45.700 I think people need to develop their own responsibility.

00:15:48.080 It's like you're saying, you can celebrate once, it's fine, don't overspend.

00:15:51.520 But now with these prediction markets, things are getting real weird.

00:15:54.600 Because people are, first I'll say it's really crazy.

00:15:57.700 There are people who have made a career off of guessing what might happen.

00:16:01.560 And it's pretty crazy to think there's like some 25-year-old guy who's making a million

00:16:05.860 bucks a year because he just guesses what's going to happen better than everybody.

00:16:10.120 He predicts better.

00:16:11.540 But now they're trying to ban this.

00:16:13.580 And one of the stories that we just saw, I think, what was it, Minnesota, they banned

00:16:17.680 prediction markets outright.

00:16:19.400 They're basically saying you can't spend your money on what you want to spend your money

00:16:22.440 on.

00:16:23.200 What I would say is, personally, I don't think they should ban it.

00:16:27.780 I also think there's a big risk if young people are thinking, betting on prediction

00:16:32.540 market, maybe betting's not the right word, but buying futures contracts, trying to make

00:16:37.360 bets on future outcomes.

00:16:38.340 it's not I don't know if that's the right way to go about saving and building wealth and pulling

00:16:43.460 yourself out of a rut but maybe I'm wrong I don't think so but I don't know what you what you think

00:16:48.540 coming into the gambling conversation um I agree with you I think anyone should be free to do what

00:16:56.020 they want to do with their money it's it's kind of funny to me that Tim Wall's like oh no we're 1.00

00:16:59.660 gonna have responsibility and yet you have Somali daycares rampant and fraud like that's pretty 0.96

00:17:05.160 polar opposite there. But the bigger concern for me in the prediction market space is people say, 0.97

00:17:12.340 well, this is gambling. It is if you don't know what you're doing. Yeah, right. I don't I don't

00:17:16.820 participate in that. I purpose to stay in the stock market. I do trade futures. I do day trade.

00:17:23.360 Most of my trading is what's called swing trading and long term investing. Because there's an

00:17:27.940 advantage or an edge that you can gain there, right? Someone like yourself, you're in the

00:17:31.980 you're in the political market all the time you know the ins and outs i've heard you talk numerous

00:17:36.660 times about the democrats there's no way they're going to sweep right yeah that's not my world

00:17:42.000 and so there's no way i would place a bet on that yet you could because you you have an advantage

00:17:48.060 because you're in the know there right yeah so i think taking that personal responsibility for

00:17:53.760 people and instead of outright banning it because it does come with other caveats like what about

00:17:58.680 farmers who are trying to hedge against cattle prices falling when they have new cows in the

00:18:04.500 spring like you don't know what's going to happen by the end and if these ticks keep getting released

00:18:09.160 and people are allergic to beef that could drive prices down for cattle that's bad for farmers so

00:18:13.020 they may buy some cattle futures and just hedge their pricing there that's now in this particular

00:18:18.640 bill that would be banned well some something else interesting happened too that i'm not i'm not a

00:18:24.680 day trader. I'm not a stock guy all that much, but my friends are basically saying, what is it,

00:18:30.060 PDT day? It's pattern day trading day. They've eliminated this rule. Can you explain what that

00:18:35.040 means? They didn't eliminate it, but they reduced it drastically. The pattern day trade rule is put

00:18:41.880 in place so people, hopefully, just don't go cowboy wild west with their money and lose it

00:18:47.820 all really quickly. The rule used to say that in order to day trade, you had to have a minimum of

00:18:53.660 $25,000 in your account and what's called a margin account.

00:18:58.140 So you could actually borrow against it and you could not make more than three

00:19:01.780 day trades in any five day period.

00:19:04.080 And so a day trade is considered in and out the same business day.

00:19:07.820 So I buy and sell that day.

00:19:10.940 Interesting.

00:19:11.440 That rule has been dropped to 2000.

00:19:14.340 And so it was voted on and we're coming into the timeframe.

00:19:17.860 I think most brokers are implementing it by June 6th.

00:19:22.140 and i know like schwab already did it on june 4 so it we're at this precipice where it opens the

00:19:28.540 door for people personally i love this because it gives so many people the opportunity to day trade

00:19:35.800 without the necessity of 25 000 in account which for some people is really hard to get to

00:19:41.180 yeah um but it's a double-edged sword because if you don't know what you're doing you can go lose

00:19:47.200 your money just really quickly because you you're at the casino rather than becoming the casino.

00:19:53.700 You know, it's crazy to me. I remember when I don't know if it was like the jobs act or something.

00:19:58.500 I don't know. There's like this. Was that when they opened up like retail investment?

00:20:03.580 I just let me let me just put like this. I remember reading about how to be an investor.

00:20:07.260 You have to have a quarter million dollars or some threshold of money. And I'm sort of thinking,

00:20:11.440 like, how is that allowed in this country? The government says, you, you saved up 10 grand. You

00:20:18.620 are not allowed to invest in these things because you're poor. That just seems crazy to me.

00:20:22.840 So that's a certain class of investor. You can invest in different businesses,

00:20:27.380 different offerings with whatever your money is. But if you want to hit that certain class,

00:20:32.780 the actual threshold is a million dollars net worth. There's three different things. You have

00:20:36.460 to have a series you could have a series license like a 76365 showing that you have some level of

00:20:42.860 knowledge it's called an accredited investor right that's the the legal term for it um

00:20:48.040 but you can invest i mean you can do small money loans to your neighbor all day long

00:20:52.720 as an investment if you wanted to what's interesting here again is people's lack of

00:20:58.480 education and that's where the danger comes in so for example i run trading rooms i had a guy

00:21:05.060 this morning who we were in the trading room together and he made a 51 return on a day trade

00:21:10.720 wow now that sounds incredible it was 400 bucks though 400 bucks a day that's pretty nice income

00:21:16.200 per year that buys groceries for a week you know what i'm saying like extra 400 a day and he did

00:21:21.160 it in 20 minutes but but is that realistic to make 400 bucks a day from like a proper day trade

00:21:26.380 absolutely wow you just don't get you don't get the opportunities every day yeah yeah yeah and so

00:21:32.980 where people have a hard time in this is understand moving from that mindset of like

00:21:38.500 job employee mentality to opportunity. And what I mean by that is if I'm sitting in front of my

00:21:46.520 computer screen working on a day trade, I should expect to get paid. Yeah. The difference is

00:21:52.580 someone that does it consistently over time and has a consistent win rate. They're not looking

00:22:00.040 for an opportunity in that moment. They're looking for that opportunity, however long it takes.

00:22:06.180 So you may sit there for an hour, have no opportunity. Then 20 minutes later,

00:22:11.840 you get the opportunity and you can make significantly more money.

00:22:15.360 So how does this new rule work? If you have at least 2,000, you're free to day trade as

00:22:19.340 much as you want. Is that what it is? You can day trade. There is no three trades in a five-day

00:22:25.480 minimum. You can day trade in and out as much you want to in a margin account. Now, another way you

00:22:30.220 could have gotten around that is if you have what's called a cash account with a broker. So

00:22:34.080 the only money you can use is what's inside your brokerage account. But you can now have a margin

00:22:39.820 account, which is allows you to do advanced options, spreads, credit spreads, debit spreads,

00:22:44.080 iron condors, all these fun things. And it's not that big of a deal. You know, the key to all of

00:22:49.800 this, Tim, is being educated so that you know what you're looking for. I think this is the

00:22:54.940 secret to being rich. I was talking to a buddy like 10 years ago, and he said, you know what I

00:22:58.800 found? I found like all the rich people I know work in finance. And I was like, duh. Like, if

00:23:04.360 you know how money works, then you will figure out how to make more money. And one of the challenges

00:23:10.000 that I've seen, because I'm like, you know, like the money stuff is a small portion of what I do

00:23:15.840 as a person, as a guy who runs a business. Me, I'm focused on content and politics. But of course,

00:23:20.200 I have to understand a certain amount of how the banking system and finance works to manage and

00:23:24.860 maintain the finances for my business. But what I end up finding when I'm talking to people about

00:23:29.100 success, and I'll add this in there too, it's sad when I meet someone who's like a socialist or

00:23:34.140 whatever, and it's really just because they're ill-informed or ignorant of how the system

00:23:39.940 actually works and how they could actually navigate and benefit from it. And it's not

00:23:44.340 exploitative, but I find that the mentality most people have is to get money, you have to get a

00:23:49.760 job. They view the economy as, if I need money, I should go to someone else and ask them to give

00:23:57.900 it to me, but not in the right way. They do it in the way where it's like, they don't understand

00:24:04.220 that they have free will almost. I'm not trying to be a dick or anything, but I'm like, you can 0.73

00:24:08.860 literally walk up to someone and just say, can I have $20? And you might get it. Understanding 0.84

00:24:14.860 that the economy is basically how do you manage money then you start making more money you'll

00:24:21.880 start figuring the system out better and i just just you're just back to the point out you you're

00:24:26.960 making and then i'm throwing in there i feel like the fastest path to path to wealth success making

00:24:33.800 money and living comfortably is just literally knowing how the monetary system works i completely

00:24:39.500 agree i heard a guy once say that if you don't have a plan for your money someone else does

00:24:45.060 So you better have one, right?

00:24:46.540 That means how do you want to invest?

00:24:48.420 How do you want to trade?

00:24:49.880 How do you want to grow a business?

00:24:50.920 How do you want to start a business?

00:24:51.880 And I'm very grateful for all of the jobs

00:24:55.680 that I did have before I started my own company

00:24:58.440 because it allowed me to learn different skillsets

00:25:02.120 that I could then implement for my own business.

00:25:05.880 And so I'm grateful for all that stuff.

00:25:08.640 But at the same time, if you want to create wealth,

00:25:10.760 there's really three ways to do it.

00:25:12.380 start a business, invest, either real estate or the market, and value creation.

00:25:19.760 And people pay for the value creation. I feel like, you know, starting a business,

00:25:25.020 investing, they go hand in hand. And I think people, again, when it comes to political debates,

00:25:30.820 I'll talk to some like economic lefty and they say, oh, investing is, you know, they view the

00:25:36.520 stock market as gambling. And it's because they don't understand the structure of what the purpose

00:25:41.740 of stock trading is or why a company does an IPO. I tell you, man, the most frustrating thing

00:25:48.300 is a lot of people think money is just infinite. Like they think, you know, I've dealt with this.

00:25:54.840 People think that my company just has infinite money. Like we can hire whoever, whenever. No,

00:25:59.300 like money has to come in before money can go out and it has to be balanced. So you're making an

00:26:04.980 investment. You're providing capital to that company in a small sense. The general idea is

00:26:10.260 you're investing in that business. So the business has capital to grow, develop. And then of course

00:26:16.100 there's secondary market trades and things like that, but it really is just about, we're all

00:26:20.420 trying to create economic value in some way. And if I'm not someone who knows how to paint a picture

00:26:24.740 or build a bicycle, what can I do? Well, I saved up a bunch of money, which is a trade medium.

00:26:30.700 I can, I can lend that to you so that you can build the business and I can be a part of it,

00:26:34.820 but I don't have the knowledge to build the business.

00:26:38.420 Absolutely. And to me, investing long-term in companies gives you that opportunity. I saw

00:26:44.300 an article the other day about Ashton Kutcher. I don't know if it was open AI or Anthropic,

00:26:48.700 but he put like 30 million in there. And when they go public this year, he's going to make

00:26:52.760 over a billion dollars. Wow. He didn't create any of that. Nope. But he was an investor that

00:26:58.060 allowed those brilliant minds to do that right so to me there's kind of three worlds here there's

00:27:05.720 this idea of investing long term which i can understand why people view the market as gambling

00:27:13.120 because when you invest long term you're hoping that that stock turns out well that it becomes

00:27:20.080 the next clod or spacex or you know open ai or whatever you know you're hoping that you buy

00:27:25.280 Nvidia back in 2012 at 20, 30 bucks. And it turns into what it is now, man. Um, but there's no

00:27:32.200 guarantee because for every one of those, there's still a PayPal. I actually saw a stat from JP

00:27:36.420 Morgan that 40% of all small cap companies, which is what all these companies start as typically

00:27:42.940 over 40% drop 70% from all time highs and never recover beyond 60. So that's a pretty big

00:27:51.160 percentage, which is why I teach people don't buy and hold forever, buy and hold two particular

00:27:56.640 targets. Like have a price point that you're like, man, if this goes to X, I'm out. I don't

00:28:03.360 want to do this forever. I think because the purpose of investing is making money. You know,

00:28:08.060 Robinhood got real big. And I don't, I don't know if they're the only one, cause I'm not a big

00:28:12.360 finance guy, but this like retail investor stuff started popping up like crazy. We saw like AMC,

00:28:17.460 you know these these meme stocks and things like this now with this pattern day trading rule it

00:28:22.240 sounds to me like way more people are about to jump in without knowing what you're describing

00:28:28.980 and how how to do this like i learned something uh really really interesting so i bought a stock

00:28:34.660 and i lost like it dropped in value and i was upset yeah when i open my app it's like congratulations

00:28:41.100 on your loss. And it was like, with the rules of how taxes work and, you know, what was it called?

00:28:49.260 Like tax loss harvesting or something? Tax loss harvesting. See, I'm not a finance guy. And like

00:28:54.380 the app is explaining to me how actually this is not a bad, like you've lost value. It is,

00:28:59.340 but you're in this for the long haul. Here's now you can harvest the tax loss. It's going to save

00:29:04.120 you on taxes. You still have the value. You can move it. You can keep it there. There's strategies

00:29:08.460 you need to understand, and I'm like, man, this is why now with the pattern day trading rule with

00:29:14.140 these retail investors, we're going to see way more people getting involved, why they need to

00:29:19.640 learn these things if they're going to be taking this seriously. My view on this is I'm kind of

00:29:26.080 worried people are going to jump in thinking it's going to be a get-rich-quick scheme,

00:29:29.740 and they're going to burn their money up, and it's going to be bad for them.

00:29:33.240 That'll for sure happen. There's going to be a ton of people that that's what happens to them.

00:29:38.460 I tell people, the market isn't get rich quick, it's get rich quicker, get rich than your current quicker pace, right?

00:29:45.880 Because when you try to get rich quick, you know, there's a proverb that says money earned quickly and swiftly creates wings and flies away as an eagle towards the heavens.

00:29:55.380 You need to understand the system behind why the market moves the way it does, because there actually is a particular way that the market moves.

00:30:04.060 And when you can see it, when someone points it out to you, you can't unsee it.

00:30:08.460 right and so when you when you get you ever seen one of those pictures tam that you stare at it's

00:30:13.500 like all these crazy pixels and then you stare at it and cross your eyes and like a buffalo shows

00:30:18.680 up yeah oh my god i didn't see that right it's this 3d hologram picture that's the way the stock

00:30:23.640 market looks people think it's crazy it's erratic there's no rhythm there's no rhyme it just does

00:30:32.320 what it's going to do it could be based on a tweet from a politician it could be based on global

00:30:36.080 economics. There's actually specific movements that stocks make that gives you opportunity to

00:30:43.340 invest and get into it. And that's what we show people. And what's crazy is it's not that hard.

00:30:49.440 You just have to be patient to develop the skill. I feel like right now, economically,

00:30:57.620 you've got war, you've got gas, all the stuff we were bringing up early on. And then you mentioned

00:31:01.200 Somali fraud in Minnesota, and now we're finding it in California and Ohio. I feel like it's really 0.92

00:31:07.600 hard to get optimistic about an economic future and even to invest in things when you can see

00:31:12.680 this degree of corruption nationwide. And then even in California, they've got the Stop Nick

00:31:17.160 Shirley Act. They're trying to stop people from uncovering this stuff. I feel like this is a

00:31:22.940 layup, but are you optimistic? Are you optimistic moving forward? I'm a very optimistic person,

00:31:28.560 so yes i'm very optimistic moving forward and the thing about corruption is these are the people that

00:31:33.880 we chose right so we have this representative system that we get to select who do we want in

00:31:38.480 office and if we continue to put the same people in office and expect different results that is a

00:31:43.480 definition of insanity yep the old the old the old internet new people there who can get rid of the

00:31:50.480 corruption and you know it's it's kind of hard to do that because some what's the old saying

00:31:55.800 absolute power corrupts absolutely yeah right and so getting people in there which i'm a big

00:32:01.460 proponent of term limits get them in there let them do a job clean everything up create doges for

00:32:08.640 each state if you would like have 50 different state-run doges get rid of as much corruption

00:32:17.240 and when it's found hold those people accountable so i you know my view is like on the political

00:32:23.580 side of things, I can tell you all about what's going on, right? You mentioned, you know, I was

00:32:27.200 talking about Democrats. They can't sweep. Like, that's impossible, right? Well, I wouldn't be so 0.99

00:32:31.040 definitive. You know, there's a possibility, but like I can track all those political trends and

00:32:36.000 see that stuff. So in the political side of things, I feel like there's an advantage. We're

00:32:41.960 moving in a positive direction towards like getting out of getting the corruption, getting

00:32:44.920 rid of that. Republicans, far from perfect, but better in a lot of ways. They've got a good

00:32:50.620 advantage to win in the financial side of things do you see it similarly like there's going to be

00:32:56.440 good market opportunity the economy is going to improve like something like that you know is it

00:33:01.000 going to get better i think the market's for sure going to improve it just depends on what sectors

00:33:06.620 that you're looking into yeah and so this is where the education piece really comes in so many times

00:33:12.780 when i speak to people i'm like okay well how are you trained about the stock market what did you

00:33:18.880 hear from your parents growing up? What'd you learn in school from it? Nothing. And it's goose

00:33:22.960 eggs across the board. No one knows anything about it. And it feels like the global elite

00:33:28.980 has kept it that way. And they're like, trust us with your money. Trust us to do what's right for

00:33:34.300 you. You know, you put your money in a bank, they're paying you 1%. And yet they're lending

00:33:40.180 it out to other people at 10, 12, 15%. And you're like, why are these banks so big? Why are they

00:33:45.260 getting so rich because they understand how the money system works all you have to do is get the

00:33:51.280 education so that you understand it for yourself and so if you do that yes i think you have a very

00:33:57.800 you can have a very positive outlook for your financial future for the markets in general i

00:34:02.760 think the markets will continue to climb i think we are going to see um greater progress especially

00:34:08.680 as we get more ai and robotics come in but i also know that the gen z's who are people who are coming

00:34:13.460 out of college right now you know that's their greatest fear because they were sold this bill

00:34:17.900 of goods of study hard get good grades go to college get good grades you'll get a good job

00:34:21.800 and now all of a sudden that good job is being replaced you know now what do i do right and so

00:34:27.260 you have to learn to adapt with that and so instead of having this this doomsday forecast

00:34:33.480 and again i'm a big believer in i hate to use the word manifestation but i'm a big believer in

00:34:38.920 power and death are in the tongue

00:34:41.400 and those who love it, eat the fruit thereof,

00:34:43.120 that you can create what you're going to walk into.

00:34:47.760 And so you might as well create something awesome.

00:34:50.120 Yeah.

00:34:50.780 All right, here's, I don't know if this is an easy one

00:34:52.900 or a hard one, but if there's like a young person

00:34:55.280 listening right now who's trying to figure out

00:34:56.980 how to make some money, build wealth,

00:35:00.340 make their five-year plan, what's like the first thing?

00:35:03.580 Let's say they're 22, right?

00:35:05.440 they got they got they're making a they're working at a starbucks what can they do right now they

00:35:11.240 want to make the right move create skill sets start finding what you are passionate about what

00:35:18.480 you want to go into and start working on skill sets to move towards that goal number one and

00:35:24.900 then but write it down write it down right i'm a huge believer in writing down a one-year plan

00:35:30.460 five-year plan, 10-year plan. If we had time, I could give you all the research to back how

00:35:36.380 that's so powerful in your life, but write it down. And then what skill sets would you need

00:35:40.660 to accomplish to get there? And then start working on those skill sets. And so if you're like, Hey,

00:35:46.800 you know, I really want to get involved in the markets, start developing the skill sets of

00:35:51.580 getting involved in the markets or, Hey, I really want to, how many, let me ask you this, Tim,

00:35:55.460 let me throw it back at you. How many skill sets do you need to do what you do?

00:35:59.260 You know, it's funny because I was, I talked about this just like a week ago.

00:36:04.060 Everything that I do, I've been doing since I was a little kid.

00:36:06.640 So I grew up, I have the internet.

00:36:08.540 What am I doing on the internet?

00:36:09.380 I'm talking to people and I'm reading the news.

00:36:11.640 Then that's just learning about what's going on.

00:36:14.780 I started hanging out with activists and I play, I would play music and hear these political

00:36:19.340 songs, ended up at protests.

00:36:21.360 And then I eventually get a job working for nonprofits doing fundraising, which developed

00:36:25.300 better speaking more charisma better sales and then all of a sudden on this from from a very

00:36:30.720 young age hyper political salesman and so what do you get you get me talking about politics and news

00:36:37.340 and passionately you know advocating for what i believe is right what is true and correct

00:36:43.220 uh outside of that those two skill sets are going to get you a hosting job at a company

00:36:49.420 they you know a news organization say hey but hold on i actually run the company

00:36:54.960 So I've also started my own small businesses in the past when I was a little kid and did

00:36:59.840 the Kool-Aid thing.

00:37:00.640 You know, my dad gave me money to sell Kool-Aid at the baseball games, and then we did that

00:37:04.600 a little bit.

00:37:05.600 Then me and my friend started our own skateboard clothing company just by doing early drop

00:37:09.760 shipping.

00:37:11.160 All of these things have to come together to be able to run a business, produce content.

00:37:16.900 Then there was the technology element of it.

00:37:18.660 So I got to be honest, there's a massive array of skills that had to come together to put

00:37:24.040 me in this position, learning about cameras, learning about cell networks and data transmission,

00:37:30.020 upload speed streaming. It was constantly reading and learning and improving. And me and my buddies,

00:37:35.640 we actually even invented some technology to be able to do live streaming out in the field.

00:37:41.720 We created cooling systems, aerial drones. So it's a constant every day reading something new.

00:37:48.700 And I'll throw one last bit on top of that. Right now, there's a lot of people concerned

00:37:52.760 because in politics, viewership is down.

00:37:55.380 We're in the off season.

00:37:57.000 And so most people are looking, it's summer.

00:38:00.160 Come on, they're going to go swimming.

00:38:00.960 They're not going to sit here and talk about Donald Trump again, right?

00:38:02.800 The midterms aren't until later.

00:38:04.600 And so what ends up happening is a lot of people, they become depressed.

00:38:08.000 They don't understand.

00:38:09.240 And this is because they don't have the skill set for the social media space.

00:38:12.780 These are people who they've got good ideas.

00:38:15.940 Maybe they're passionate and they can speak very well.

00:38:18.340 Made videos, got a bunch of views, made a bunch of money.

00:38:20.540 but they don't understand the social media technology, how the algorithm works.

00:38:26.080 So every day, me and my team are constantly looking at how these companies are adapting

00:38:29.900 and changing on their end so that we can figure out how to adapt and change and properly run our

00:38:34.940 business. We have to learn new skills every single day to maintain what we do.

00:38:41.680 You just listed 17 skills that I was counting on my fingers, right? And so if you were to tell

00:38:49.700 somebody, you know, I had to learn how to be charismatic, there's five or six skill sets just

00:38:54.720 to learn on what is what is charisma? Yeah, right. Because that's one of these ambiguous terms. And

00:38:59.240 so there's five or six skill sets that are underneath that. And so for a young person

00:39:04.560 starting out, start stacking skill sets. And don't just don't just read one book about it,

00:39:10.880 like learn how to get good at it and master it. And give yourself enough time and grace and runway

00:39:17.720 so that you can get good so that when you're in your 30s and 40s you're killing it yeah and so

00:39:24.840 i personally i wasted a lot of my 20s man i wasted a lot of my 20s i was you know dealing with

00:39:30.860 emotional trauma that i didn't really know how to deal with so i drank a lot of a lot of it away

00:39:34.580 um and got involved in that that lifestyle if you would but i always had a propensity towards

00:39:40.800 learning i was always curious about how money and so i would read rich dad poor dad books and

00:39:45.020 start trying to understand how this stuff functions and then i started developing a

00:39:51.480 skill set i got my first real job was at wells forgo financial and which was a subprime lender

00:39:57.080 right before like in 2005 2006 um and so we're in one of those but i learned a ton i learned a ton

00:40:04.780 from that time you know i and and like you said is that you start stacking that and you see

00:40:10.380 i'm a christian i make no bones about that but like you see god's hand kind of navigating you

00:40:15.900 through to where your purpose is so that you can create that you know i had a someone email it was

00:40:23.560 like 10 years ago i was working at vice they emailed me saying how do i do what you do and i i gave like

00:40:28.660 a basic breakdown like okay like i'll respond to this and then after some back and forth i said

00:40:33.120 how about this how about you come to new york and just hang out with me and my friends because

00:40:37.020 then you will be immersed in the conversations. You'll see what we're doing. Choose to surround

00:40:43.440 yourself is one piece of advice I would give. And with that being said, I think you have an

00:40:48.000 event coming up, right? We do. We have, it's called the Freedom Trading Summit, where we're

00:40:52.520 going to show people everything we talked about, like enough that you can start developing this

00:40:58.160 skill set for yourself, seeing how the market really moves and engaging with it. And so if

00:41:03.980 that's a skill set you want to do it's absolutely free for your viewers if they want to join

00:41:07.260 they can just click that qr code below and go from there if it's something that they're not

00:41:12.760 interested in great i hope you take something from here and you start creating skill sets for

00:41:17.600 what you do want to do yeah they say you're the summation of the five people who surround you 0.97

00:41:23.080 and so if you're hanging out with look i'm going to be a little bit of a dick if you're a commie 0.94

00:41:28.600 hanging out with communists you guys aren't going to go very far i mean maybe you'll have a good 0.94

00:41:32.300 activist rally. But if you're a young person, you're trying to figure it out. I'm not trying

00:41:36.760 to rag on your friends. I'm just saying spend as much time as you can with people who are doing

00:41:40.000 the work. It doesn't always mean the smartest guy in the world, but watch the videos and choose to

00:41:47.740 enter those spaces, I think, is the big key. So a simple thing I always tell people, it's like,

00:41:52.260 hey, you can go to a convention. You can go to a meeting. You can go to a rally. You can go and

00:41:56.280 meet these people, stand next to them. And you know what I find in most instances? I'd imagine

00:42:01.280 this is true even for you. Like if someone came up to you and just said, man, I'm just trying to

00:42:05.840 figure it out. Could you, could you point me in the right direction? You'd say, absolutely. Of

00:42:08.700 course. A hundred percent. If, if there, if there are young people out there or even, you know,

00:42:12.760 older people and you're trying to figure it out, bro, people will help you if you ask.

00:42:16.520 So just come into those spaces. And so to me, it's, it's that humble yourself.

00:42:22.680 Yeah. Go ask for help. Find a mentor in the space that you're wanting to grow in and be like, Hey,

00:42:29.840 I see you're successful here. Can you give me some pointers?

00:42:33.580 Could we meet for coffee? And most, I mean,

00:42:37.340 obviously you can't go to a Tony Robbins and do that because it's,

00:42:40.020 it's a different level, right?

00:42:42.460 But someone who they do have a million plus 2 million, 5 million,

00:42:46.560 $10 million net worth.

00:42:47.980 They probably live closer than you think because 1900 are created every single

00:42:51.860 day.

00:42:52.980 Find someone who has that level of success and just start being around them,

00:42:57.800 hang out with, ask them to mentor you and then actually show up and do the work. Like if they

00:43:03.380 give you a book, read it twice and then come back to it and be like, can we talk about this book?

00:43:08.760 This was incredible. There's so many like movies about this, where the young guy

00:43:13.460 shows up to a company, he has no experiences. I want to work here. I want to do this. And they're

00:43:18.000 like, but you don't have experience. And he's like, I will take out the trash. And then they

00:43:21.420 start learning and adapting and growing. It just being around that is, is, is a big key.

00:43:25.980 so bro this is this has been absolutely fantastic i i'd love to do a longer conversation on like

00:43:31.040 all this general financial stuff because i'm so not in the financial world i've been watching

00:43:36.640 you know like uh caleb hammer and you know some of the kevin o'leary stuff and i'm getting

00:43:41.300 fascinated by it obviously because i need to know how to do it so i'd love to in the future if you

00:43:45.840 ever have time we could do another one of these maybe longer but is there anything else you want

00:43:49.180 to shout out before we wrap up go after your dreams man so you know for the people that you

00:43:55.160 were talking about who are there go after it whatever it looks like go after it don't compromise

00:44:00.840 because your friends are compromising like you said get a new sphere of people and

00:44:04.640 if you're in if you want to jump into the financial space we have a free event you can't

00:44:10.400 get better than free 99 you know what i'm saying yeah there you go uh where can where can people

00:44:15.680 follow you you can go check us out we have a youtube channel at neos cdg if you want to go

00:44:22.040 check that out. Um, my Twitter handle or X handle, I guess now is at six figure trader. I post on

00:44:27.900 there every once in a while, but really we're just, we're focused on helping our current clients.

00:44:31.160 So I don't post a ton. I do go live twice a week on YouTube though. Yeah, there you go. You know,

00:44:35.220 normally when, uh, when I make videos, it's always like the end is nigh, something bad is happening.

00:44:40.100 And then you come in here like, actually, I think it'd be pretty good if you could figure it out,

00:44:43.800 you know, we're moving in a good direction. So I'm happy to have some white pills on all of this,

00:44:47.580 bro. It was, it was great to hang out. I appreciate you. I spent taking the time to talk to me and,

00:44:51.500 we'd love to have you back sometime, so

00:44:53.620 we'll see you then. Sounds great. Thanks, Tim.

00:44:56.240 Right on, brother.

The Culture War - Tim Pool - June 04, 2026

ITS ALL OVER ft. Mark Wilburn

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