Channel Title: One Minute Economics Channel Description: My name is Andrei Polgar, I'm a PhD economist who loves teaching through videos, books or anything else that works! :) To support the channel, please give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations: bc1qmnfwn4p3gdu8kl2zwh6gge0fq6w3j2qyv3f350 Patreon: https://www.patreon.com/oneminuteeconomics My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly): https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general): https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS And book #3, The Reasonable Case for Bitcoin: https://www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polgar-ebook/dp/B09G6Z45QB <video> Investing in Farmland Explained in One Minute Description: It sometimes takes a while for certain "boring" asset classes to regain their luster and it increasingly seems that when it comes to farmland, that time is now. More specifically, various supply chain issues that have arisen over the years have made it clear, even in the West, that taking farmland and its yields (in the agricultural sense) for granted is unwise. When it comes to poorer nations, the situation is even more obvious. So, is investing in farmland a good idea? Fundamentally speaking, of course. In that there is indeed room for this asset in the investment space, with you allocating capital toward something that has been perceived as valuable since... well, pretty much forever. In fact, you are not just investing in something valuable but rather in an asset society cannot physically survive without. That being stated, investing in farmland does indeed come with a bit of a learning curve and particularities which need to be understood, as explained in this video. If you find my work and this particular animation useful, consider showing some love to the sponsor of this video, LandOfLand.com. They are selling over 2,000 parcels across multiple US states in a straightforward fashion which can be best described this way: acquiring property is made as simple as finalizing an online transaction. </video> <video> 2024 Economics in One Minute: Poor Sentiment vs. Strong (?) Metrics Description: A belated happy 2024 to all One Minute Economics supporters! With a new year upon us, it makes sense to give adequate attention to the main narratives with respect to economics in 2024. And a fair case could be made that an epic battle between sentiment and metrics is in the spotlight this year. More specifically, a battle between statistics that paint a positive picture of the economy on the one hand and consumer sentiment data which says the exact opposite on the other. Why is that? Why can so many people feel so bad about the state of the economy when the proverbial numbers indicate that things are actually not that bad? As much as I dislike using this expression, the truth is somewhere in the middle in this case. Thus, no matter what side of the fence we find ourselves on in terms of verdicts, I would strongly recommend keeping an open mind and at least entertaining the possibility that you are not the holder of absolute truth. While admitting you don't know everything is quite the undertaking in a highly polarized 2024... hey, it's worth at least giving it a shot! :) </video> <video> How AI Might Take Your Job Explained in One Minute Description: When analyzing this topic, most people are afraid of the wrong thing, of something along the lines of fully autonomous AI agents completely taking over. Which, for the foreseeable future and for the overwhelming majority of jobs, is VERY unlikely. Does this mean your job is safe? I'm afraid not. Because as this video makes clear, it's not AI robots like you see in SciFi movies that you should be afraid of but rater scenarios such as a fellow human being who knows how to use AI taking your job... along with that of all your coworkers. Can we at least be certain that just like with the previous Industrial Revolutions, more than enough new jobs will be created this time around as well? Yet again, the answer is no. Past performance does not guarantee future results, as many of you already know, so we can only HOPE that is the case. But since hoping is not exactly the wisest strategy, the name of the game is also preparing for the worst and starting to think about how you can start leveraging AI to become better and better at whatever it is you currently do. If you can't beat them, join them! </video> <video> GiganticWebsites.com: We Build Ultra-Affordable Scalable Websites With THOUSANDS of Quality Articles Description: Yep, GiganticWebsites.com is my own project and as peculiar as it may seem to those of you who know me strictly as an economist or author, there is method to my madness :) Simply put, today's technology evens the playing field in a game-changing manner, enabling the average person to launch truly gigantic websites that used to cost hundreds of thousands or even millions of dollars at ridiculously low prices. If you cannot spot the ludicrous asymmetry, you are not paying attention. And let's just say not paying attention during internet-defining moments is not an option. Through GiganticWebsites.com, we can put this technology to good use by creating websites that are genuinely awesome so as to dethrone junk sites that are still to this day plaguing the internet. To put it differently, you can make the internet a better place by launching gigantic websites that actually provide value and generate generation-defining profits while you're at it. Not the worst value proposition in the world, wouldn't you agree? </video> <video> Getting Rich Quick vs. Getting Rich Slowly: A One Minute Comparison Description: We are literally overwhelmed by "get rich quick" offerings, from mastermind courses to various more or less sketchy products... but is getting rich quick really the way to go? No, not really, with this video explaining why getting rich slowly represents the superior alternative. Does this mean getting rich quick is impossible? Of course not, as it isn't difficult to point to individuals who have successfully done just that. However, by merely asking if it is possible, you are asking the wrong question. The right one is asking how probable it is. And, unfortunately, the overwhelming majority of those who try to get rich quick fail. To make matters worse, the select few who make it are given ample exposure, giving people the wrong impression that proverbially hitting it big is extremely common. It is not. As difficult as it is to make the case for getting rich slowly to individuals who have been conditioned to believe that the exact opposite approach is the way to go, One Minute Economics is yet again here to tell the unpopular truth :) </video> <video> Commercial Real Estate Explained in One Minute: From Potential to Remote Work Challenges Description: Feeling contrarian lately? If so, perhaps it would make sense to put commercial real estate under the microscope, an asset class which has been in the spotlight a fair bit in recent years... and for quite a few reasons. Some positive, some less so. As this video will hopefully explain, commercial real estate most definitely has potential but this doesn't mean the tricky situation it finds itself in due to the remote work conundrum will be something that can simply be shrugged off. Commercial real estate should not be considered attractive because it represents a foolproof asset class or because you (falsely) consider it perfect. On the contrary, it should be considered attractive because so many people currently consider it the exact opposite of perfect. And when you have an asset class such as commercial real estate, with a lot going for it fundamentally speaking, that is on the bad end of public discourse, it bears keeping in mind that the public is oftentimes too harsh in contexts like this one and opportunities can be had for this precise reason. If you found this video useful, consider heading over to LandOfLand.com, the website of this video's sponsor. They are selling over 2,000 parcels across the United States and best of all, have made the purchase process as simple as finalizing an online transaction :) </video> <video> Why Trading Is a Scam Explained in One Minute Description: Whether you call it trading, day trading or by any other name... it's a scam, plain and simple. I have launched the NeverTrade.org non-profit initiative to make one thing and one thing only crystal clear: investing is great, trading is a scam. Not only is it a scam but it is in my view the number one mental health risk of our generation when it comes to the financial dimension of life, with potential consequences which will unfortunately make 1929 seem like a walk in the park. Lives are being ruined as we speak due to retail trading being such a poorly understood phenomenon and what we are seeing in the present is but the tip of the proverbial iceberg. Once the economy turns sour and an event similar to the Great Recession manifests itself, overly-exposed retail traders from all corners of the world and their families will pay the price. Is there still time? Yes. Which is why I have dedicated so much time to thinking about how NeverTrade.org can be promoted. If you appreciate One Minute Economics and the work I have done here over the years, your help with respect to spreading the word would be greatly appreciated. To get in touch, no matter what it is you have in mind, send an email to contact@nevertrade.org and I will get back to you as soon as possible! </video> <video> Investing in Gold with an IRA, 401k, TSP, Roth IRA or Other Retirement Plan Explained in One Minute Description: In light of today's inflation-related uncertainties, it should come as no surprise that more and more individuals are interested in gaining exposure to gold in one way or another. Not only that, increasing attention is also paid to the different manners in which one can gain exposure to gold, because capital allocation opportunities come in all shapes and sizes. How do you go about investing in gold with an IRA? What about a 401k, TSP, or Roth IRA? Perhaps something else? Through today's one minute animation, we are about to find out :) If you are interested in learning more about gold IRAs, you can head on over to GoldIRAGuide.com and request a free guide from Noble Gold Investments: http://goldiraguide.com Finally, as mentioned in the video, please note that this isn't financial advice and cannot be taken as such. Always speak to your financial advisor before making any investment decision. All investments carry a certain level of risk, and past performance cannot guarantee future returns. Always do your due diligence. </video> <video> The Housing Affordability Crisis Explained in One Minute Description: In more and more jurisdictions, owning a home is becoming increasingly difficult, with consequences that go far beyond the economic dimension? Why? Simply because we are no longer referring to discretionary spending, to the proverbial avocado toast and what not, but rather to a necessity. At the end of the day, no matter what it is you do for a living, you need a place to... well, live. Thus, the housing affordability topic is one we can consider far trickier to tackle than many other topics that pertain to economics. Calling it "sensitive" would be quite an understatement, to be blunt. Through this video, I will attempt to put what can indeed be considered today's housing affordability crisis under the microscope in an unbiased manner. This is most definitely one of those topics that is impossible to cover in a way that pleases everyone and I am fine with that. Still, I have done my best not to pick sides in an attempt to be popular, ride a wave and so on. If that makes me a centrist, so be it :) </video> <video> Should You Invest in Gold? A One Minute Perspective Description: More and more people, especially in times of turmoil (economic, geopolitical or otherwise) are asking themselves if it's time to gain at least some exposure to gold. If you are in it for the long haul, then the answer to any questions as to whether or not you should invest in gold tends to be affirmative. There is, in my view, room for precious metals in pretty much all portfolios. At the same time, though, you should not invest in gold if you are only in it for short-term gains... in other words seeing gold investing from the perspective of trading potential tends to be a bad idea. Don't trade... just don't. Instead, understand that gold is most definitely an asset with a multi-millennia track record which is worth having but that volatility should be expected. Keep your eyes on the prize and on your goals (hedging against uncertainty and sure, also against inflation) and whatever you do, don't get greedy. Protecting yourself is the name of the game when deciding when and how you should invest in gold and from this perspective, gold... yes, I will say it and you cannot stop me... shines! :) </video> <video> Residential, Industrial, Commercial and Agricultural Land Compared in One Minute Description: In a financial landscape dominated far more so by "shiny" tech stocks than old-school assets such as land, videos like this one should be refreshing. Today, we'll be comparing residential land, industrial land, commercial land and agricultural land so as to help you figure out which option represents the best choice for your needs. Please keep in mind that there's no such thing as a type of land that represents "the" best option for everyone. Perhaps you have a background as a residential home builder and thus, residential land will be right up your alley. Or maybe you grew up on a farm and feel right at home with agricultural land... you get the point. And even or especially if real estate is a completely unfamiliar sector to you, it makes sense to have a strong understanding of the main differences between the assets you have to choose from. Feeling a bit contrarian today? Then commercial land might be just what the doctor ordered. Think the reshoring trend is here to stay? Then why not analyze a few industrial land options? I hope this video will provide much-needed clarity of an insufficiently understood topic and if you found it useful, please give its sponsor (Land of Land Inc.) some love by heading over to LandOfLand.com so as to browse through the over 2,000 parcels they have to offer! </video> <video> The Gini Coefficient Explained in One Minute Description: The topic of income inequality is still very much so in the spotlight pretty much everywhere in the world and thus, there's no time like the present to understand the Gini coefficient properly. Right from the beginning, please note that the Gini coefficient pertains to strictly income inequality and not wealth inequality. In other words, to what you earn and not what you own. While terms such as this one tend to make people run for the hills, wrapping your head around the Gini coefficient is fortunately not all that difficult and this video will help you do just that from A to Z. You will find out what it is, how it is calculated and... well, why you should care. This is definitely one of those terms that we can consider widely used but poorly understood, and it would be a shame to become a perpetrator of Gini coefficient myths and/or misunderstandings as opposed to getting it right in terms of understanding how everything works right from the beginning. I will end by stating that while many One Minute Economics videos can be tackled in just one sitting, this is one of those exceptions where it might be necessary to watch it several times to ensure you haven't missed anything. But it will be worth it, I promise :) </video> <video> Buying Gold in Canada (and Elsewhere) Explained in One Minute Description: This one minute video explains what buying gold in Canada is all about and also provides a fair bit of useful information which pertains to buying gold in general. While nothing is certain, let's just say making the case for an environment where it will be time for gold to shine becomes easier and easier as time passes. Canadians in particular have a wide range of options at their disposal if they are serious about gaining exposure to gold and the options in question have been covered throughout this video. More specifically, you can visit the following URL to request the free gold investor's guide that has been mentioned in this video: https://goldrrsp.silvergoldbull.ca Or, to read a full review of Silver Gold Bull, the following URL can be used: https://goldrrsp.ca/silver-gold-bull-review At the end of the day, there is room for gold in pretty much all portfolios and if you are going to finally gain exposure to this asset class (especially as a Canadian), why not do it properly? </video> <video> Investing in Land Explained in One Minute Description: Investing in land is becoming increasingly more appealing in a (financial) world that has become somewhat tech-saturated. After all, we are dealing with an asset class which has been perceived a valuable since... well, pretty much forever. At the end of the day, nobody can predict the future and it remains to be seen if markets will continue favoring intangible assets. This much is certain, however: 1) There is room for tangible assets such as land in pretty much every portfolio in the spirit of diversification, as hopefully made clear through this video 2) It's difficult to find asset classes with a more compelling track record as well as value proposition than land This video will highlight the pros as well as cons associated with land investments so as to help you make better-informed decisions when it comes to not just land but your portfolio in general. Finally, this video has been made possible by Land of Land, who make the process of acquiring land as straightforward as finalizing an online transaction. If you found the video useful and are interested in land as an investment, be sure to check out the over 2,000 parcels they have to offer by visiting LandOfLand.com. </video> <video> Raw Land and Developed Real Estate Compared in One Minute Description: Don't make the mistake of assuming that by simply saying "real estate", you are describing an asset class where everything is straightforward and set in stone... that is hardly the case and one-size-fits-all solutions most definitely do not exist. For example, should you invest in raw land or developed real estate? Difficult to say. Impossible even, at least not without knowing more about your current situation, goals and financial possibilities. If you are interested in the cashflow dimension, developed real estate offers obvious benefits, as explained in this video. However, variables such as higher upfront costs and depreciation need to be factored in. The same way, even if you do personally prefer developed real estate generally speaking, what if a raw land-related opportunity that is asymmetrically in your favor appears? This video attempts to compare the two options in a rational and hopefully unbiased manners so as to give you the tools you need to make the best decision for your specific situation. If you found the video useful, consider checking out the website of its sponsor, LandOfLand.com. With over 2,000 parcels to choose from across various US states, they make purchasing land as simple as finalizing an online transaction :) </video>

Contacts and Links

Description

My name is Andrei Polgar, I'm a PhD economist who loves teaching through videos, books or anything else that works! :)

To support the channel, please give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.

Bitcoin donations: bc1qmnfwn4p3gdu8kl2zwh6gge0fq6w3j2qyv3f350

Patreon: https://www.patreon.com/oneminuteeconomics

My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly):

https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK

My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general):

https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS

And book #3, The Reasonable Case for Bitcoin:

https://www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polgar-ebook/dp/B09G6Z45QB

Videos from channel