Whether you’re trying to build wealth or simply have a better idea of market fundamentals, understanding macroeconomics will give you a significant upper hand. Nobody understands this better than George Gammon, the entrepreneur, investor, and real estate expert who helps his audience increase their wealth and freedom by teaching macroeconomics through his YouTube channel. On today’s show, George shares his thoughts on the state of the market, his approach to investing, and how he built a YouTube channel that went from 200 to 40 000 views a day just four months after its launch. George begins by explaining why the economy is in more danger now than in 2008, detailing that it is a complex system which, if meddled with, will produce unpredicted results and how the current Fed stimulus exemplifies this. We talk about how George approaches his portfolio and how this fits into his goals to live a life with as much freedom as possible. Here he discusses how to separate your investments into buckets, the need to set up a plan B, and how his decision to shack up in St. Bart’s during the pandemic factors into all this. We also focus on George’s recent career, and he shares the ins and outs of how he started his YouTube channel, his content repurposing strategies, and how the value he is bringing by teaching macroeconomics at a time like this contributed to the surge in his following. For all this and a bunch of actionable pointers from George about how to educate yourself about the economy and become a better investor, be sure to tune in.

 

TIME-STAMPED SHOW NOTES:

• [00:21] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast! 
• [02:47] George’s road to learning about investing, interest in macros, and starting his YouTube channel.
• [03:56] Problems with the financial system; meddling with a complex system we don’t understand.
• [07:42] Understanding the Fed stimulus and how it’s making things worse now than in 2008.
• [15:03] ‘Price makers’, and why thriving online businesses are more protected right now.
• [17:08] George’s strategy for building an audience and product online and monetizing it.
• [23:07] The sudden growth rates George’s channel experienced and what produced this.
• [25:26] Asymmetric downside and why investors should understand macroeconomics.
• [30:11] George’s advice on how to diversify your portfolio in the current climate.
• [35:08] How to buy gold, or stocks that deal in it if you can’t get it physically.
• [36:39] Insurance versus speculation: The difference between gold and bitcoin.
• [37:35] Initial resources to consult for learning about macroeconomics.
• [40:42] What freedom means to George; having a plan B and how to form one.
• [47:07] Does understanding macroeconomics help you understand incentives?
• [47:30] Getting a clearer understanding of economics by reading Thomas Sowell.
• [49:09] ‘Stagflate,’ lie, and tax: Jason Burack and George’s view of what’s in store.
• [51:31] George’s remote process for his whiteboard videos and tools that help him.
• [52:53] Book recommendations from George for investing, probabilities thinking, and economics.
• [56:07] Why George recommends listening to The End Game podcast with Mike Green.
• [57:47] The best way to find George online.

 

Resources From The Interview:

 

• George Gammon on YouTube
• George Gammon on Twitter
• The Rebel Capitalist Show
• Social Blade
• Robert Kiyosaki
• Neil Patel
• Milton Friedman 
• Free to Choose
• Thomas Sowell
• Basic Economics
• Jim Rogers
• Peter Schiff

Stan Druckenmiller

• Chris MacIntosh
• Lyn Alden
• Jim Grant
• Rick Rule
• Sprott
• The Canadian Mint
• HSBC
• Macro Voices
• Real Vision
• Nomad Capitalist
• Hugh Hendry
• Charlie Munger
• Jason Burack on Twitter
• Wall St. for Main St.
• Peloton
• Zoom
• Skype
• WeTransfer
• Ed Thorp
• The Grant Williams Podcast: The End Game
• The End Game with Mike Green
• Peter Thiel
• Must read book: Beat the Dealer, Market Wizards

 

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