Joe Rare, CEO of Level Nine Virtual, discusses cultural differences in household economics and the rising cost of eldercare and family support in Western countries.
Opinion
Joe Rare: Younger generations lack discipline and skills for high incomes
“These younger generation kids, they're not willing to pick it up and go somewhere cheaper. They're not willing to admit that they don't have the skill set. They don't have the discipline to go make the kind of money that they think they need to make.”
Prediction Open · timeframe Feb 2029
Joe Rare: US transition to CBDC will wipe out dollar wealth
“If they flip the US dollar into a, you know, a CBDC, right? That you're not going to get dollar for dollar exchange. They're not going to do it there. You're going to go, okay, well you have a million dollars and okay, great. We'll give you 500,000 dollars in …”
Insight
Joe Rare: Read 20 to 50 books before attempting passive income investing
“Until you go read 20 to 50 books on investing in various different, you know, markets and industries and so forth don't try to go get passive income. I don't think you're going to. I think you're going to go make stupid investments.”
Insight
Rare: Billionaires never sell cash-flow assets, holding them indefinitely
“Genuinely wealthy people, like we're talking billionaires, they don't sell their assets. They hold them forever, forever. And so when you look at Bitcoin, you look at any other crypto, you look at real estate holdings, you look at holding companies with other,…”
Assertion Not checkable as stated
Joe Rare: Scaling startups to seven figures in weeks by making mistakes
“The reason that we're able to build multiple companies so fast and get them from zero to, you know, significant income to, you know, seven figures, you know, in, in weeks or months is just the fact that we will go make more mistakes faster than almost anybody …”
Insight
Joe Rare: Earning $500k in passive income is extremely difficult for almost anyone
“Well, I think it's really difficult to create half a million dollars in passive income. I mean, it's unbelievably difficult. And that's why almost nobody can do it.”