Basic Economics - Book Deep-Dive | Ep 281

09/29/22 • 48 min

Basic Economics is written for those who want to understand how the economy works but have no interest in the formulas and "big words". Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, and feudal. He shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, this is the first book for anyone who wishes to understand how the economy functions.

Remember, with each episode, we will provide a helpful Deep-Dive infographic where we break down the entire book on to 1 page! And we have a convenient link for you to find all of them! Visit invictusmultifamily.com/notes to find all of the sophisticated investor notes!

Here are our top 5 takeaways:

What Is Economics (03:00)
Richer Getting Richer (08:30)
Money Creates Incentive (12:00)
Speculation (16:00)
Long Term Consequences (20:40)
How To Use Brands (28:00)
Price Fixing (31:30)
Rent Control (35:00)
Alternative Resources (41:00)

"In price fixing, you are now exacerbating the issue because now the people who were willing to take the risk before are no longer willing to take the risk." – Anthony Vicino

"You can't just like take mosquitoes eye the equation, even though everyone hates 'em. But you take them out, there's all these kind of reverberations." – Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

Here are our top 5 takeaways:

What Is Economics (03:00)
Richer Getting Richer (08:30)
Money Creates Incentive (12:00)
Speculation (16:00)
Long Term Consequences (20:40)
How To Use Brands (28:00)
Price Fixing (31:30)
Rent Control (35:00)
Alternative Resources (41:00)

"In price fixing, you are now exacerbating the issue because now the people who were willing to take the risk before are no longer willing to take the risk." – Anthony Vicino

"You can't just like take mosquitoes eye the equation, even though everyone hates 'em. But you take them out, there's all these kind of reverberations." – Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

Previous Episode

Avoid These 10 Mistakes When Investing In Real Estate | Ep. 280

If you're just getting started in real estate investing... this is the episode for you! Our goal is to simplify multifamily real estate investing... and how much simpler can we make than a list of 10 things. 10 mistakes to AVOID. If you steer clear of these 10 mistakes, your investing journey will start smoothly!

How do you find the right partner that compliments both your strengths and weaknesses? How do you negotiate with your brain and not your ego? What should your cash-flow expectations look like? What is the cost of your learning curve?

Find out on this week's episode of Multifamily Investing Made Simple.

Tweetable Quotes:

"Go slow when it comes to partnerships... don't be the town bicycle." -Anthony Vicino

"You don't know what you don't know. The cost of your learning curve is often underestimated." - Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

Next Episode

Why You Should Never Sell Your Real Estate | Ep. 282

At Invictus Capital, we don't like to sell our property... here's why:

We like to hold our assets for longer, rather than churn through deals quickly. A lot of groups like to buy and sell quickly.

Here's the deal... we would rather own a building, with cash flow, that's worth a $1 million than have $1 million in our bank account... why?

Find out on this week's bonus episode of Multifamily Investing Made Simple!

Tweetable Quotes:

"I would rather own a building, with cash flow, that's worth a $1 million than have $1 million in our bank account." - Dan Krueger

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX