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Why Do Family Fortunes Disappear? - How Money Works | How Money Works

13 min · 5 de jul de 2026
Portada del episodio Why Do Family Fortunes Disappear? - How Money Works | How Money Works

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Why Do Family Fortunes Disappear? - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈John D Rockefeller was the richest American to ever live, as well as being the founding member of the three-comma club as the worlds first billionaire.At the height of his fortune a few years before his death he was worth an estimated 1 billion dollars which may not sound like much compared to today's tech bro’s, but this was back in a time where the USA’s annual GDP was only 39.1 billion dollars.This meant that his fortune was 3% of America’s GDP. Adjusted for inflation to 2020 dollars this would give ol John D here a fortune of 450 billion dollars. Or more than Elon, Bill, and Jeff combined.But where is this fortune today?Of course John himself died almost a century ago but if there was any fortune that was going to indefinitely set up future generations surely it would be this one right?The same goes for most of these historic moguls, the fortunes of everybody from carnage, to the medici have more or less faded into total obscurity, outside of maybe a few names plastered on random buildings
 (buildings that they don’t even own mind you)
Now you might think you already know the answer, oh these fortunes get split up amongst children and then children’s children and then children’s children’s children until it was spread so thin amongst latter generations that it became almost totally irrelevant.But that’s not entirely true
 What’s more is that the real reason for the fall of these financial empires can tell us a lot about how money works as it has been passed down through generations and history.#Wealth #Finance #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------- Keywords: economics explained, investing basics, mortgage crisis, financial literacy, financial independence Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

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163 episodios

episode A Better Investment Than A College Degree - How Money Works | How Money Works artwork

A Better Investment Than A College Degree - How Money Works | How Money Works

A Better Investment Than A College Degree - How Money WorksGet a 4-week trial, free postage, and a digital scale at https://stamps.com/howmoneyworks. Thanks to Stamps.com for sponsoring the show!Sign up for my newsletter https://compoundeddaily.com 👈 --------------------------------------According to the US college board the average out of state cost for a student attending a four-year college is $149,720 when including tuition, books, room and board. The prices are lower for community colleges and higher for private and for-profit colleges but the out of state four-year college is a pretty typical experience for most people taking this path.$150,000 is a lot of money for a young adult to be playing around with especially when students are taking on debt to fund the expense, but most don’t look at a college degree as a frivolous purchase, it’s an investment that will produce strong returns over a working career.The data still backs this up, the cost of a college degree has increased significantly but just by the numbers it is still a good investment with the typical college graduate earning $650,000 more than the typical high school graduate over the course of their according to Pew Research Center.But just because something is a good investment doesn’t mean that there aren’t other better investments available.#howmoneyworks #career #collegeEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupAll materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. --- Keywords: hedge funds, wealth building, investment strategies, economy podcast, mortgage crisis, economic education Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

5 de jul de 202615 min
episode The Car Repossession Crisis | How Money Works artwork

The Car Repossession Crisis | How Money Works

The Car Repossession Crisisï»żFollow to learn How Money Works.Find How Money Works on YouTube: ⁠https://www.youtube.com/@HowMoneyWorks⁠Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ------------- Keywords: money podcast, debt crisis, wealth building, real estate crisis, gig economy Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

5 de jul de 202617 min
episode The Bankruptcy Boom | How Money Works artwork

The Bankruptcy Boom | How Money Works

The Bankruptcy BoomUse code HOWMONEYWORKS50 to get 50% off your first Factor box at https://bit.ly/47gwEDG!Sign up for my FREE newsletter! - https://www.compoundeddaily.com/Support me on Patreon - https://www.patreon.com/HowMoneyWorksThe great Benjamin: @benjjjaamiinnMy Other Channel: @HowHistoryWorksEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesFor sponsorship inquiries, please contact sponsors@worksmedia.groupSign up for my newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#business #finance #bankruptcy -------2023 is going to finish up as the worst year for corporate bankruptcies since the end of the Global Financial Crisis. This year has also claimed the two biggest bankruptcies in American history that didn’t occur during the GFC and if that’s got you feeling nervous, don’t worry, according to the numbers 2024 is going to be much worse.According to data from Standard & Poor’s, corporate bankruptcies in the major companies they track were up over 200% in the first half of 2023. High profile companies like wework, Vice Media and Bed Bath and Beyond all went under due to a combination of poor management, changing consumer preferences, high interest rates and bad market conditions.But what does this even mean?Even though these companies went bankrupt Vice is still making videos, you can still rent a office from WeWork, and Bed Bath and Beyond is still selling overpriced laundry hampers. Bankruptcies just aren’t what they used to be anymore and now instead of being the corporate equivalent of game over, it’s just another business strategy, which is just one of four reasons why it’s become so popular. Now you all know I hate videos from supposed experts with wide open mouths peddling some doomer, but the other three reasons why bankruptcies are on the rise are honestly worrying and they also show why business leaders just don’t take it seriously anymore. The first reason that bankruptcies are booming is because of a new investing strategy that rewards taking on as much risk as possible. Private equity is a broad classification of investing that just means putting money into companies that are not publicly listed on any securities exchange.Venture capitalists who invest in early startups are a type of private equity, all of the deals you watch get made on shark tank are private equity deals
 if you give your family member a few thousand dollars to get their Etsy store going in exchange for a cut of their future profits you are technically a private equity investor, so make sure to slap that on your LinkedIn profile. But even though that is going to hurt lenders and employees, for the private equity companies that created this situation it’s going to be an amazing profit opportunity because you will never believe it, they can use bankruptcies to make even more money.So it’s time to learn How Money Works to find out what’s really behind the Bankruptcy Boom.Follow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. -------- Keywords: market crash, mortgage crisis, ai bubble, corporate finance, financial planning, wealth building, recession analysis, how money works Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

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episode If The AI Bubble Pops, We Lose Our Jobs... If AI Takes Over... We Also Lose Our Jobs... | How Money Works artwork

If The AI Bubble Pops, We Lose Our Jobs... If AI Takes Over... We Also Lose Our Jobs... | How Money Works

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episode The "Bet On Everything" Epidemic Is Actually Worse Than You Think | How Money Works artwork

The "Bet On Everything" Epidemic Is Actually Worse Than You Think | How Money Works

The "Bet On Everything" Epidemic Is Actually Worse Than You Thinkï»żFollow to learn How Money Works.Find How Money Works on YouTube: ⁠https://www.youtube.com/@HowMoneyWorks⁠Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.--- -----------The "Bet On Everything" Epidemic Is Actually Worse Than You ThinkFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. --------------- Keywords: corporate finance, housing bubble, financial planning, economy podcast, money podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

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