rant · moment 32 of 32
Giving Every American a Vanguard Account at Birth
from Andrew Schulz | The Tim Dillon Show #436 · #436
5 min
Tim floats the idea of the government investing money in the S&P 500 for every American at birth to build patriotism and investment in the country's success, and they discuss CEO pay resentment and financial illiteracy.
- Tim admits he didn't understand compound interest until later in life, despite making money on the road.
- Real estate was his entry point to investing because it felt like a safe place for money.
- Crypto appeals to Americans who feel they've missed out on massive stock gains available to others.
- Getting people invested in the country's success is the way to build patriotism and reduce resentment.
- People worry about CEO pay mainly because they see themselves and their families falling behind.
- Financial markets involve gambling, not investing—betting on companies to fail instead of creating actual value.
- Teachers and paramedics argue they should be able to live on their salaries while Wall Street traders make fortunes through games.
- Tim says he's not afraid of success and doesn't have the same bottomless desire that drives other ambitious people.
- After accomplishing specific goals, anything beyond that feels like gravy; now he wants to be present for his kid.
- His recent creative work was the best thing he made because it came from genuine passion rather than needing a new hour for money.