"Increasing minimum wage is one of the cruelest legal things that our government can do to people who earn minimum wage."

Dr. Eric Wild is a PhD in Business Management who owns a property management company. He is also an adjunct lecturer at the University of Florida's College of Business.

Based on his understanding of economics, Eric contends that forcing an increase in the minimum wage leads to a larger segment of the population becoming permanently unemployed; additionally, it decreases everyone's purchasing power.

We go on to discuss the value of an undergraduate degree, motivation and discipline in the workplace, and (perhaps most interestingly) Eric's unique path in acquiring owner-financed real estate.

This is a great episode for anyone interested in economics, business, management, and real estate!

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Keywords: minimum wage, economics, government intervention, property management, real estate, business, business management, owner financing, seller financing, motivation, purchasing power, Report from Iron Mountain, Investment Biker, value added, FUCK THE BANKS