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Is the Stock Market a Ponzi Scheme?

Some people think the stock market is a Ponzi scheme, and they will lose all their money. Here's the truth about stocks. There are two kinds of people that are afraid of investing. 1. They don’t understand what they are doing or investing in. That’s why my best seller 99 Minute Millionaire is free for all. 2. They do understand but they take on too much risk and get burned. Great example is the financial pied pipers that tell people to be 100% invested in stocks. You won’t find any reputable financial advisors that follow the fiduciary standard telling people to do that. 👉Get my latest book How To Save $1,000 This Week free (while supplies last)! I bought copies for my YouTube subscribers, so you don't pay for the printed book. I just ask you to pay your shipping so I can give away as many as possible. Get yours here while supplies last: https://scottalanturner.com/save1000 Believe that investing in the stock market is the easiest way to build wealth. What other way can a person from an auto mechanic making $30,000 a year to a doctor making $300,000 a year, spend a couple hours of their time each year and become a millionaire over a working career. You literally can just set it and forget it. Put money into an employer retirement plan – 401(k), 403(b), 457 plans. Rinse and repeat every paycheck. 10, 20, 30 years depending on income and the percent invested = wealth. 👉Get my latest book How To Save $1,000 This Week free (while supplies last)! I bought copies for my YouTube subscribers, so you don't pay for the printed book. I just ask you to pay your shipping so I can give away as many as possible. Get yours here while supplies last: https://scottalanturner.com/save1000 You’re probably thinking does that really work, right? According to Fidelity which manages the accounts of 200,000 401(k) millionaires it does. That’s like Lyft or Uber. Lyft, Uber, Google. They don’t own anything. Maybe a few buildings. No manufacturing plants. No raw materials. No football stadiums. So, if a company wanted to buy Uber, what are they buying? Knowledge. Software. Customer data. Things you can’t touch or see. Just like you can’t touch or see all the smarts in your brain. One of the flaws in this idea of a Ponzi scheme is, a company like Uber, has value. They have value even though they have no physical assets. No physical stuff. People who want to invest in a company like Uber, are buying into what the company is worth today, and what it might be worth ten years from now. That’s not a Ponzi scheme. Any more than a person buying the comic book Superman #1 and hoping it goes up in value ten years from now, right? Why should everyone invest in the stock market to build wealth? Because of academic research, regulation, and evidence. You get the picture. You’re better than the people putting their entire paycheck on Golden State tonight. If Tom Brady was in the lineup, it might be different, but he’s not. Investing is not a Ponzi scheme! Easily the easiest way to compound your hard-earned money, is through the simplicity of investing. It’s still the best way to go. After the show is over today post a question on Facebook or a Forum you belong to asking if people think investing is a Ponzi scheme and why. Get the full episode here, which includes listener questions: https://podcasts.apple.com/us/podcast... ===== FOLLOW ME ===== Subscribe to my weekly e-newsletter: https://scottalanturner.com Follow me:   / scottalanturner     / scottalanturner23   The Scott Alan Turner Show Podcast: via iTunes: https://scottalanturner.com/itunes via Google Play: https://scottalanturner.com/googleplay via Spotify: https://scottalanturner.com/spotify via iHeartRadio: https://scottalanturner.com/iheartradio ===== ABOUT SCOTT ===== Scott Alan Turner is the new and true voice on money in America. Scott is a former money moron, living the paycheck-to-paycheck lifestyle, losing $40k by following bad investing advice, and racking up a load of credit card debt. But by age 35, he turned it all around and became a self-made millionaire. In a world of get-rich-quick schemes, biased advice, and financial pied pipers, Scott’s authentic, no-holds-bared approach makes it possible for anyone to absolutely rock their personal finances. Scott is on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences. With his rebel style, off-beat humor, and signature life-on-your-own-terms approach, Scott’s inspiring a movement of Financial Rock Stars across the globe.