#401: Discovering the Truth About Economics & Money: Joe Brown on Inflation, Investments, and Independence

Independence by Design

In this inaugural episode of the Independence by Design™ podcast, Ryan Tansom sits down with Joe Brown, founder of Heresy Financial, to dive deep into the intricacies of the economy and financial systems. Driven by personal experiences and a relentless curiosity, Joe explores the mainstream financial narratives and advocates for a deeper understanding of economic fundamentals. He underscores the importance of aligning financial decisions with personal values and addressing root causes of economic issues, rather than merely treating symptoms.

The discussion spans critical topics like the effects of money printing, the escalating costs of education and healthcare, and the quest for financial freedom. Joe and Ryan also dissect the evolution of money as a debt system, the value of time, and strategies for managing wealth amid inflation and taxes. They provide practical insights into business ownership, portfolio diversification, and the challenges posed by government bond refinancing and its impact on regional banks. Tune in to gain valuable perspectives on mastering your financial future and understanding the system that shapes it.

Key Takeaways:

• Aligning one's values with their financial decisions is crucial for personal fulfillment and moral integrity.

• Understanding the root causes of economic problems is more important than focusing on symptoms.

• Education and individual decision-making play a significant role in improving one's financial situation.

• Money printing, rising costs of education and healthcare, and the erosion of financial freedom are key issues in the current economic landscape. Money has evolved over time from a debt system primarily.

• Time is the most valuable resource for individuals, but it is also the most replaceable thing to others.

• Starting a business allows individuals to provide value that is not denominated in their time and can lead to escaping the limitations of trading time for money.

• Diversifying investments across savings, business, and income-producing assets can help protect wealth and provide stability.
• Understanding how the financial system works and taking control of one's wealth is crucial in navigating the challenges and uncertainties of the future.

In This Episode:

• 00:00 Introduction and Background - Joe Brown of Heresy Financial
• 04:45 Joe's Journey into Understanding the Economy
• 10:00 The Curiosity to Understand the Economic Cycle
• 13:13 Stepping Stones to Understanding the Economic Cycle
• 18:00 Aligning Work with Your Values
• 23:00 Questioning the Narrative and Seeking Understanding
• 26:00 Starting the Conversation about the Economy, Silent QE by Commercial Banks
• 29:30 The Historical Perspective on Money and Trust, What happened in 1971?
• 33:15 Analyzing Economic Narratives and Policies
• 42:00 The Value of Time and Escaping the Time-for-Money Trap
• 44:55 Starting a Business, Owner/Operators and Cash Evaluation
• 47:56 Case Studies, Diversifying Investments, Protecting and Growing Wealth
• 59:00 Looking Forward, Navigating Challenges and Uncertainties
• Share, like and subscribe to hear all of our informative upcoming episodes!

About Ryan Tansom/Independence by Design:

Ryan Tansom, host of the Independence by Design™ podcast, is dedicated to empowering business owner-operators to achieve true independence. After transforming his family's $21 million business and selling it for eight figures in 2014, Ryan embarked on a decade-long journey to refine business ownership strategies. His experiences led him to create the Independence by Design™ Framework, designed to help owners build sustainable cash flow, increase equity value, and escape daily operational grind. Through the podcast, speaking engagements, and coaching program, Ryan shares his expertise to help others thrive in their business ventures.

Resources:

Book: Changing Fortunes

Book: Debt - The First 5,000 Years

Book: Creature from Jekyll Island

Book: Principles for Navigating Big Debt Crises

Book: Economics in One Lesson

Jordan Peterson on YT https://www.youtube.com/playlist?list=PL22J3VaeABQD_IZs7y60I3lUrrFTzkpat

Heresy Financial on YT https://www.youtube.com/channel/UC4fg8o6oUkkZDLaC6eAZKwQ

Heresy Financial https://www.heresy.financial/

Heresy Financial IG https://www.instagram.com/heresyfinancial/

Heresy Financial Twitter/X https://twitter.com/heresyfinancial?lang=en

Heresy Financial University https://heresyfinancial.teachable.com/

Ryan Tansom Website https://ryantansom.com/

Ryan Tansom LinkedIn https://www.linkedin.com/in/ryan-tansom-4a440710/