How Money Works

Why BlackRock is Building a New Stock Market... In Texas
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#business #finance #texas
Last week Blackrock (the world's largest asset manager), and Citadel Securities (the world's largest hedge fund) teamed up to make a major announcement that could reshape global financial markets. They were going to team up to create a new wall street… in Texas.
These two companies have the financial muscle to make a “Texas Stock Exchange” viable, but the question is… why? The startup exchange that will be located in Dallas is already taking shots to challenge the dominance of the New York Stock Exchange and the NASDAQ which are both located in New York City and are by far the largest exchanges in America, and also the largest exchanges in the world. Both of these incumbents are private businesses that make money by providing a place where public stocks and other financial instruments can be traded securely.
They make their money by charging companies that want to list on their exchange a one time IPO fee and an ongoing annual fee. The New York Stock Exchange is really not much different to a farmers market where businesses will pay the market organizer for the right to sell their stuff in a place with lots of customers. The only difference is that instead of beets, and artisanal honey, they are selling shares in their company. If the New York Stock Exchange is like a farmers market then the NASDAQ is like ebay, it’s still a marketplace but it’s all done online.
The NYSE is owned by a company called Intercontinental Exchange whos shares you can buy on the New York Stock Exchange so apart from a lot of regulatory paperwork there is nothing too special about these companies. As long as a business gets approval from the Securities and Exchange Commission there is nothing to stop them from establishing their own stock exchange wherever they want.
The reason they both happen to be located in New York City has more to do with legacy than any pragmatic benefits of operating in a state that is actually not particularly business friendly.
The New York Stock Exchange was formed when New York was still a trading center and the NASDAQ set up there in 1971 because at the time the city was the undisputed business capital of America and back then physical proximity was much more important than it is today even though it has always been an electronic exchange.
So why is this new challenger bucking the trend and setting up in Texas?
Well… why not Texas?
So it’s time to learn How Money Works to find out why some of the most powerful financial institutions in the world want to build a new Wall Street in Texas.
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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format.

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Keywords: how money works, financial education, investing basics, inflation explained, corporate finance, financial news
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The Homeless Industrial Complex
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Edited By: Andrew Gonzales
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#business #housing #realestate
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America has a homelessness crisis as record numbers of people are ending up on the streets of a few concentrated city centers. Cities are spending billions of dollars on failing projects to try and solve this problem which has attracted a growing list of companies happy to provide their services… for a price. Helping the homeless has become a lucrative business with multimillion-dollar government contracts awarded every day.
but if there is so much money to be made, do these companies really want a long-term fix?
According to a report by the consulting firm McKinsey and Company, the annual budget for the Los Angeles Homeless Services Authority rose from sixty-three million dollars [$63,000,000] in 2015 to eight hundred and eight million dollars [$808,000,000] in 2022, a thirteen HUNDRED percent increase in just seven [7] years… And what did the hardworking taxpayers of Los Angeles get for their money?... The number of homeless people went UP by 56%.
Ignoring for a moment that everybody deserves the right to affordable comfortable shelter, there is something not quiet adding up here. A closer look at individual programs like the “Inside Safe” homelessness reduction policy doesn’t make it much better. The idea of this program was to have social workers offer hotel rooms to homeless individuals while they sought out longer-term housing arrangements. Data collected by the city and compiled by local news outlet the center square found that the plan had cost two hundred and fifty MILLION dollars [$250,000,000] over just one year.
The program only served one thousand four hundred and sixty-three individuals which works out to be seventeen thousand dollars [$17,000] per individual, per MONTH. That is over two hundred thousand dollars [$204,000] every year been spent on ONE individual in ONE program in just ONE city in America. So where is all this money going? And at what point would it just be easier to give homeless people checks for three times the national salary? Well, there are three reasons why cities across America and the rest of the world are spending more money than ever on this problem while not making it any better.
So it’s time to learn How Money Works to find out why throwing money at a complicated problem is not fixing it.
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Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks
Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works.

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Keywords: money podcast, economics explained, housing bubble, debt crisis, corporate finance
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Being Single Is Now An Unaffordable Luxury
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Being single is becoming an unaffordable luxury for a lot of people.
The cost of everything is exploding right now and without a partner to share the financial burden with, single people are financially falling behind their friends who are in consistent relationships.
Being able to combine incomes and share expenses is only where the subtle advantages start as well. Multiple studies by world renowned institutes in multiple countries have found that traditional married couples even earn more on average than people who are single.
Interestingly the reasons the researchers found for this pay gap were causal, which means that it wasn’t just that richer people were more likely to get married, it means that being married on average gives people key benefits that lets them earn more money during their career.
The gap between couples and singles is only growing and to make matters worse the cost of dating is ALSO increasing at an alarming rate.
This means that the financial benefits of long-term relationships are now, more than ever, disproportionately going to go to those people who are financially stable enough to be able to play the dating game.
We must also remember that there are lots of people who want to remain single, and even more worryingly, there are lots of people that are in relationships that would like to get out of them if only they could afford to.
So it’s time to learn How Money Works to find out how being single became an expensive luxury and why traditional couples on average end up so far ahead.
#personalfinance #howmoneyworks
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Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
For sponsorship inquiries, please contact sponsors@worksmedia.group
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
Follow to learn How Money Works.
Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks
Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.
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Keywords: wealth building, housing bubble, money podcast
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How America Got So Good At Buying Sh*t
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Books we recommend - https://howmoneyworkslibrary.com/
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Edited By: Svibe Multimedia Studio
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
📩 Business Inquiries ➡️ sponsors@worksmedia.group
Sign up for our newsletter https://compoundeddaily.com 👈
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#money #consumerism #wealth
Americans are the best consumers on the planet and it’s really not even close.
The runner up is China, and they spend less than a THIRD of what we do in any given year, even though they have almost five times as many people.
It might not always feel like it, but by global standards we are incredibly rich, we LOVE buying shit, and we aren’t afraid of going into debt to keep doing it.
More of our economy depends on the consumption of goods and services than basically any other major country around the world… but this has to have a limit right?
As a direct result of our insatiable desire to consume, our household savings rates are now the lowest they have ever been, and high risk, high interest consumer lending has surpassed a trillion dollars.
That doesn’t include things like car loans, home loans, student loans, medical loans or informal lending like buy now pay later, which are also approaching all time highs…
So what is going to happen to the best consumers on the planet, if they can’t afford to consume any more? And more importantly… could we solve all of our problems by just… buying less junk
Follow to learn How Money Works.
Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks
Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.
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Keywords: wealth building, economics explained, ai bubble
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Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/kCamkpL or code hmw50 for 50% Off Monarch Core tier.-----Sign up for our FREE newsletter! - https://www.compoundeddaily.com/Books we recommend - https://www.howmoneyworkslibrary.com/Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig-----My Other Channel: @HowBusinessWorked @HowMoneyWorksUncut @De-Monetised Edited By: Svibe Multimedia StudioMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty Images📩 Business Inquiries ➡️ sponsors@worksmedia.groupSign up for our newsletter https://compoundeddaily.com 👈All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.#career #finance #money ------*** Sources ***https://fortune.com/article/why-are-men-leaving-the-workforce-more-women-outnumber/https://www.axios.com/2026/03/27/women-jobs-health-carehttps://nypost.com/2026/08/06/us-news/women-hold-more-jobs-than-men-for-third-time-in-us-history/https://finance.yahoo.com/video/women-now-outnumber-men-workforce-173008000.htmlhttps://fred.stlouisfed.org/series/LNS11300001https://fred.stlouisfed.org/series/LNS11300002https://fred.stlouisfed.org/series/LNS12000001https://fred.stlouisfed.org/series/LNS12000002https://www.bls.gov/news.release/pdf/empsit.pdfhttps://www.bls.gov/news.release/empsit.a.htmhttps://www.bls.gov/news.release/empsit.t21.htmhttps://www.bls.gov/news.release/empsit.t21.htmhttps://www.bls.gov/news.release/empsit.t16.htmhttps://www.bls.gov/web/empsit/cesfaq.htmhttps://www.pewresearch.org/social-trends/2015/10/22/the-gender-gap-in-self-employment-and-hiring/https://www.pewresearch.org/short-reads/2023/08/03/almost-1-in-5-stay-at-home-parents-in-the-us-are-dads/https://www.bls.gov/opub/ted/2026/higher-share-of-employed-women-than-men-held-a-bachelors-degree-or-higher-in-2025.htmhttps://www.bls.gov/news.release/famee.nr0.htmhttps://www.washingtonpost.com/business/2026/05/08/men-labor-force-drop-outs/https://aibm.org/research/a-generation-of-lost-men-the-reality-of-neet-data/https://www.pewresearch.org/short-reads/2025/04/17/the-shares-of-young-adults-living-with-parents-vary-widely-across-the-us/https://www.thestreet.com/retirement/832000-out-of-the-workforce-why-prime-age-men-are-quietly-dropping-outhttps://fred.stlouisfed.org/series/LRAC25MAUSM156Shttps://www.hiringlab.org/2026/03/26/how-women-have-closed-the-workforce-gender-gap/https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htmhttps://fred.stlouisfed.org/series/SPPOP65UPTOZSUSAhttps://www.bls.gov/cps/cpsaat18.htmhttps://www.bls.gov/cps/cpsaat11.htmhttps://www.aamc.org/data-reports/data/2025-key-findingshttps://aibm.org/research/the-heal-economy/https://www.npr.org/2026/04/10/nx-s1-5773327/women-men-jobs-health-care-manufacturinghttps://www.nber.org/papers/w8260https://www.stlouisfed.org/publications/regional-economist/october-2009/the-mancession-of-20082009-its-big-but-its-not-greathttps://www.npr.org/2020/01/10/795293539/women-now-outnumber-men-on-u-s-payrolls------For just the third time in History, Women now outnumber men in the workforce, or atleast… that’s the story… As of two months ago this gap stood at around 100,000 more jobs held by women, and last month that difference grew to 150,000… which… in the grand scheme of the national workforce… is basically a rounding error… BUT, the fact that this is so close at all, IS a sign of some major changes in the labor market that have really only been seen before in 2008, and 2019… so you know… maybe not a good si
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