2408: How to Get Rich in American History- 300 Years of Financial Advice That Worked (& Didn't) by Joseph Moore
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In this episode of Creating Wealth Real Estate Investing with Jason Hartman, host Jason welcomes historian Joseph Moore to discuss his book, 'How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t)'. Moore, a former skeptic of the American Dream, shares findings from 10 years of research into financial advice across three centuries, revealing that the path to wealth has always been shaped by adaptation, risk-taking, and solving others' problems—not just saving money. He debunks myths about generational privilege, showing that every era has had its own crises and that people today are not uniquely disadvantaged. Key success factors include building businesses, side hustles (like renting rooms—essentially Airbnb long before the company), leveraging real estate, and maintaining a long-term, resilient mindset. Moore highlights that most wealth was built not through passive investing, but through active, patient, and often risky efforts, with real estate standing out due to its leverage and inflation-hedging power. He also warns against chasing 'next big things'—from canals to beet sugar to crypto—emphasizing that innovation doesn't equal profitable investment. The episode concludes with a powerful message: time is your most valuable asset, and belief in your ability to succeed is as crucial as any financial strategy.
Wealth in America has historically been built through active efforts—starting businesses, side hustles, or leveraging real estate—not just passive saving.
Real estate offers unique advantages through leverage and inflation protection, making it a powerful tool for wealth creation even in flat or declining markets.
The idea that 'the American Dream is dead' is older than the dream itself; every generation has believed they missed their chance, but progress has always been possible.
Most successful investors didn't rely on compound interest alone—many lived too short a life or sold too early; real estate and business provide 'forced savings' and friction that prevent impulsive decisions.
Chasing 'next big things' (canals, beet sugar, AI, crypto) is historically risky—most innovations benefit society but fail as investments for early adopters.
…and 2 more takeaways available in PodZeus
Welcome & Market Context
Jason Hartman opens the show with praise for a recent presentation in Tampa and sets the tone by criticizing short-term thinking in investing. He highlights geopolitical shifts under President Trump and introduces key financial news: updated IRS guidance on 1031 exchanges and improved DSCR loan terms.
The 1031 Exchange & DSCR Loan Update
Jason details new IRS flexibility in 1031 exchange timelines and announces enhanced DSCR loan options with lower rates and more flexible rent-to-income thresholds. He encourages listeners to contact his investment counselors for more information.
Historical MLS Book Contest
Jason shares a vintage MLS book from his early real estate days, inviting listeners to guess its publication date for a chance to win a free Empowered Investor Live ticket or a $50 Amazon gift card. He reflects on how technology has transformed property research.
Introducing Joseph Moore & the 300-Year Financial History
Jason introduces Joseph Moore, author of 'How to Get Rich in American History'. Moore shares his personal journey from skepticism about the American Dream to discovering that wealth-building strategies have evolved but remain rooted in timeless principles.
The Seven Timeless Paths to Wealth
“Most wealth is actually created solving someone else's problems.”
“This may be the easiest time to get ahead in American history.”
“The fastest growing studios in the world right now are outside of Atlanta. The town she bought... everything that she thought would happen did happen. She was right. She was just too early.”
“Real estate is basically a short on the dollar.”
Host
Guest
Jason Hartman
person
Joseph Moore
person
Empowered Investor Live
other
1031 Exchange
other
DSCR Loan
other
Airbnb
organization
IRS
organization
Warren Buffett
person
Property Tracker
product
Fire Movement
other
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