Kerry Lutz's--Financial Survival Network

Summary:
Todd Bubba Horowitz and I catch up on all things economy, and address some of the negative changes that have incurred over time. Essentials such as energy are going up in cost, and water is also seeing a major price increase. We are facing a currency crisis as a result of the inflationary circumstances, and debt is bound to accrue in light of this. Tune in to hear more from Horowitz and myself, and get up to speed on the economic situation.

Highlights:
-Most things you do to survive requires energy, and energy costs are going up
-We are in the infancy of this mess; it can be fixed easily, but it will not go this way
-Water is also going to go up in price—we’ve had water shortages and will have to de-salinize
-As an America it is your duty to minimize your tax burden; there’s a difference between tax evasion and tax avoidance
-Many Americans only focus on being able to make monthly payments—not the bigger picture
-Replace appliances when you can—you never know what will happen with the supply chain
-The more governments try to prevent crypto-space, the more powerful it will become
-Don’t take all your money and put it into one thing—it’s good to have diversity. Gold, however, is critical
-We have a debt-based currency - “buy now, pay never” plan

Useful Links:
Financial Survival Network
Bubba Trading

Summary:
The supply chain has raised a lot of concerns, especially in consideration of the upcoming holiday season. Carl Gould comes on the podcast to talk about this, and to give advice on what we can do to compensate for these disruptions. If you see something that you know you’re going to need, it’s probably wise to get it now—especially if it’s trendy, or comes from a manufacturer overseas. Tune in to get advice on how to adjust to some of these changes in preparation for the coming months.

Highlights:
-The supply chain has been affecting all aspects of life lately—if you see something you want now, it’s best to go ahead and get it
-Especially in consideration of the holiday season, it’s important to start thinking about purchasing things soon since the supply chain is so far behind
-Popular and trendy items will be especially hard to get ahold of at this point
-The category of item will likely be available, but not the specific item itself
-We don’t have the labor force to load/unload ships and ships are leaving without being fully loaded
-Secondary markets are equally robust, and worth considering (i.e. Ebay, Facebook Marketplace, Poshmark, etc.)
-The supply chain disruption affects many areas of your life
-Anything coming from overseas, especially apparel, is going to require a long wait
-Europe is going to have disruptions as well
-It may be a good year to give things that are experiential rather than tangible

Useful Links:
Financial Survival Network
7 Stages Advisors