Kerry Lutz's--Financial Survival Network

Summary:
Disruptive technologies are pervading industries of all kinds—one of the latest being pharmaceuticals. I sit down and chat with the CEO of NowRx to discuss how he and his company are revolutionizing pharmacies, making getting a prescription an easier, secure, and efficient process. Utilizing micro-fallfilment centers that house technology built for optimizing pharmacy processing, NowRx is able to save money on retail space and deliver medications to patients the same day orders are placed—typically within a few hours. Listen in to hear more about the innovations taking place in pharmaceuticals, and to learn about how you can invest in NowRx.

Highlights:
Disruptive technologies are taking place in many industries—automobiles, the taxing industries, etc.
-Now, these technologies are coming to the pharmaceutical world
-Breese’s company uses micro-fulfillment centers to house technology that is built for optimizing pharmaceutical processing
-Saving money on retail space, they can afford to deliver medications to patients the same day orders are placed—usually within a few hours
-They are using technology and optimization to revolutionize pharmacies
-The current pharmacy industry is suffering from misalignment
-NowRX hopes to be publicly traded one day, and is growing by about 60% year to year in terms of revenue
-They manage everything from the point the Rx is sent in to when the prescription reaches the patient
-Most pharmacy systems don’t take advantage of their communication software
-NowRx goes further in terms of communication follow-up, and they give doctors real time statuses of every medication as well
-Patients get live updates when their prescription is in the process of being delivered

Useful Links
Financial Survival Network
NowRx
Invest in NowRx

Summary:
We’ve been hearing a lot about inflation in the news, and the government has admitted to a 7.5% inflation rate—the worst a country has seen in the last 40 years. I have David Stryzewski on the show to discuss this topic, and he says that interest rates, inflation, and geopolitical situations will ultimately be the factors that move the markets. It’s an important time to sit down and take account of your finances, and to prepare for the possibility of a stagflationary environment.

Highlights:
-The government is admitting to 7.5% inflation—this is the worst inflation a country in the world has encountered in the last 40 years
-What factors will move the markets? Interest rates, inflation, and geopolitical situations
-As the Fed is reducing its balance sheet and raising interest rates, the average consumer is put in an interesting position
-This is an important time for people to sit down and take an account of where they are financially
-David’s primary concern is stagflation, which comes from high inflation, high unemployment, and slow economic growth
-We’re experiencing a deficit of semiconductors
-The Fed is probably going to do more in the short term

Useful Links:
Financial Survival Network
Sound Planning Group