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    Business

    The Sound Money Podcast

    Business and Technology are the two pillars of today’s economy. Economics Major, and your host, Steve McGarry is fascinated by this new frontier of leveraging technology to create million dollar companies. His background of exiting multiple successful business and mentoring hyper lean companies gives him the edge needed to ask all the right questions to all the right people. Steve talks with the biggest and brightest players in multiple cutting edge industries, then he breaks it down and explains it in ways the rest of us can understand.

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    Copyright: © Steve McGarry

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    Latest Episodes:
    From Hedge Fund to eCommerce Entrepreneur - Interview with John Chen Jan 08, 2020
    Show notes

    In this episode, Steve sits down with John Chen a fellow entrepreneur and online business flipper. John tells his story about being at a hedge fund in NYC and applying tactics like "look down before you look up" to buying small businesses. John covers his experience with his first eCommerce venture called Blush & Bar which he sold for six figures. Listen till the end for some amazing tips on how to start your first business.

    The flaws within our startup economy Dec 30, 2019
    Show notes

    In this episode, Steve goes through the flaws within our startup and venture capital economy. This was originally brought up by Chamath Palihapitiya CEO of Social Capital in a newsletter and on-stage and the LAUNCH event Steve attending in 2018 in San Francisco. Chamath implies that silicon valley venture capital is in the midst of the largest bubble and Ponzi scheme we've ever seen. Listen to the end to hear Steve's perspective!

    What jobs will be automated and which jobs are safe? Dec 30, 2019
    Show notes

    In this episode, Steve goes through an important topic about job automation. There has been a lot of discussions about this recently in politics given the global race for AI. There are a few sectors of work that are at risk currently and a few that will not be replaced or disrupted any time soon. Be sure to listen all the way through to hear some of the solutions.

    Important facts about student loan debt nobody is talking about Dec 27, 2019
    Show notes

    In this episode, Steve goes over important facts about student loan debt. There is a staggering amount of debt with over $1 trillion hovering over an entire generation. Student loan debt is special in many of the wrong ways including that even if you go bankrupt - the debt stays with you. Many of these facts need to be discussed deeper and more frequently.

    What universal basic income could do for the cost of living Dec 27, 2019
    Show notes

    In this episode, Steve goes through what universal basic income could do for the cost of living. There is a lot of talk about UBI recently and it could do amazing things for the cost of living for average US citizens.

    Wealth distribution by generation Dec 27, 2019
    Show notes

    In this episode, Steve goes over the data around wealth distribution by generation. The baby boomers and millennials have a very different stance with wealth and this is a deep dive into the delta between the two.

    The future of finance and governance Interview with Crypto Blood Dec 20, 2019
    Show notes

    In this episode, Steve sits down with CryptoBlood to discuss the future of finance, decentralization, Mt.GOX, governance, and much more. There are many projects working on innovating with the delegated proof of stake including ICON, EOS, and many others that show promise. A lot of these will struggle but sometimes innovation requires years of failures and struggle to succeed in extremely small steps forward.

    Is Job Automation Really Happening? Dec 14, 2019
    Show notes

    In this episode, Steve walks through the data behind job automation. There are a few industries that are being heavily impacted already by automation and all the numbers discussed in this episode are JUST robots. This excludes artificial intelligence which will increase the number of job losses at an order of magnitude. With topics like this it's important to know that being able to ADJUST and accept change is an extremely important aspect to life. As they say in the marines "Adapt or die." Jobs and careers are no different when it comes to adapting.

    What Legal Marijuana Did For Tax Revenue in 2018 Dec 14, 2019
    Show notes

    In this episode Steve goes over the revenue legal marijuana has created by State in the United States. Many states are growing faster than others and it's an exciting industry to discuss!

    Principles Of Unequal Distribution Dec 03, 2019
    Show notes

    In this episode, Steve goes through the principles of unequal distribution in business and creativity in general. Lots of factors go into these theories. Why are most books sold by a small group of skilled best selling authors, why do a few cities have all the people in them? Many questions and more answered on this episode!

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