Regardless of what the Fed does in terms of rates, we are going to face inflation for years to come. To analyze some of the consequences of the intense money supply increase, I chat with Miles Franklin CEO, Andy Shectman. Whether rates are increased or not, we find ourselves at a stalemate—the two possible outcomes being depression and hyperinflation. With the fragility of our currency, it becomes particularly important now to diversify your assets and invest in the precious metals. To learn more about the advantages of the metals—especially in the current circumstances—be sure to tune in to this episode.

-Mortgages are up over 6% on 30 year fixed mortgages
-Regardless of what the Fed does, we’re going to have inflation for years to come
-Gasoline and food aren’t included in the CPI
-If they raise rates, it’s death by depression, but if they don’t raise rates, it’s death by hyperinflation
-Electricity rates are going to double in the next 18 months
-As rates rise, the everything bubble has to eventually correct
-Stocks, bonds, and real estate are all inversely correlated to a rise in rates
-The weaponizing of the dollar is concerning for other currencies
-Gold looks like it could go substantially lower in the near future; right now, gold is up about $12 while everything else is down
-Gold is doing what it’s supposed to by way of preserving purchasing power

Useful Links:
Financial Survival Network
Miles Franklin

Direct download: Andy_Schectman_17.Jun.22.mp3
Category:general -- posted at: 8:01am EDT

Today’s episode is crucial for parents and grandparents looking to contribute to the financial literacy of future generations. Paige Afendoulis is releasing a book titled My Dad’s Class that addresses strategies for educating our children on smart spending, saving, and investing. Drawing from firsthand experience, she emphasizes the importance of implementing simple and consistent lessons about money at an early age, which can set your child up for later success. Tune in for more tips, and for an inside look at the premise of Paige’s book.

-Paige has a book coming out about financial education for children titled My Dad’s Class
-She learned at a very early age about the importance of learning about banking, investing, and credit
-Starting children early and establishing consistency with banking and accounting is crucial. Practicing these things often is key
-It’s important to have frequent conversations about finances, and to have kids be involved in family budgeting
-Distinguishing between wants/needs and understanding family values are critical money lessons
-Use props and examples, and make the lessons tangible
-Encourage your children to set goals
-Delayed gratification trickles into financial skills—teaching kids to wait rather than to act on impulse

Useful Links:
Financial Survival Network
My Dad's Class

Direct download: Paige_Afendoulis_17.Jun.22.mp3
Category:general -- posted at: 8:00am EDT






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