""What you have here in the United States is a system rigged against the average person," he said on the "That One Time with Adam Metwally" podcast on Tuesday. The issue is particularly acute among those starting out without wealth or time on their side. He said that Generation X and baby boomers have committed "a societal crime" against Gen Z and millennials by breaking the housing-led path to social mobility that once allowed ordinary people to build wealth."
"That shift, he said, has left younger generations forced to "embrace risk" rather than rely on the job security and affordable homes their parents enjoyed. Still, McWilliams said the system can be mastered - if you understand its rules. "The biggest myth," he said, "is that money is real. It's entirely imaginary." What's real, he said, are interest rates, income, and discipline, and those who master them can quietly get ahead."
"Learn how to invest and make income your obsession McWilliams' first rule is simple: learn how to invest properly. "You've got to find a stock that has not just a good story, but a really strong income because income is the key," he said. "Money in your hand is no use to you unless it generates more money in the future.""
The United States system is described as rigged against the average person, with acute consequences for those starting out without wealth or time. The housing-led path to social mobility has been broken, removing affordable homeownership as a reliable route to build wealth. Younger generations face reduced job security and are forced to embrace greater risk. Money functions as a collective fiction, while interest rates, income, and personal discipline are the concrete forces that shape financial outcomes. Mastery of income generation, understanding interest-rate impacts, and disciplined investment in profit-generating companies can enable financial progress despite structural obstacles.
Read at Business Insider
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