Kerry Lutz's--Financial Survival Network

Summary:
If you’ve been to supermarkets, the gas station, and any major stores, you’ve probably noticed the record high prices being implemented all over the United States. Brad Williams comes on the show to discuss the implications of these astronomical prices: they demand that we consider what we can live without, and what things can be temporarily swapped. Unfortunately, there are many things we cannot forgo in our day to day lives. Listen in to hear Brad and I discuss this further and unpack some of the major changes that accompany inflation.

Highlights:
-In consideration of the sky-rocketing prices, people are forced to decide what to cut out of their budget
-Some things cannot be substituted; gasoline is one of these things
-In the capitalist economy, people find their ways around things—but options are becoming somewhat limited
-Fossil fuels are the cheapest, most effective way to power an economy, which works against the intent of eco-friendly movements
-It’s a good time to add metals to your portfolio
-Looking at commodities may be a way to hedge up your portfolio
-We’re in a commodities super cycle

Useful Links:
https://www.financialsurvivalnetwork.com
Ask Brad Williams

Summary:

If you owe money or are concerned about your credit score, then this episode will be of interest to you. Paul Oster has been helping people restore their credit for over a decade, and comes on the show to give great tips for keeping an eye on your credit score and managing bills that will greatly impact this. Medical bills are especially important to be attentive to; anything under $500 no longer incurs a penalty, but amounts above this will impact your credit significantly. Don’t forget to check your credit reports frequently, and tune in for more great insight on improving your credit.

Highlights:
-Some have stopped reporting certain medical collections
-You are still obligated to pay your medical bills
-For anything under $500, there is no longer a penalty if you haven’t paid it
-Average medical debt on credit reports is $500
-If you owe more, then it is important to figure this out so that your credit doesn’t suffer
-Remember that we can look at our credit reports every seven days for free (CARES Act)
-If you have medical bills that you are worried about paying, reach out to the creditors
-Oster helps people look for ways to correct

Useful Links
Financial Survival Network
Better Qualified