Kerry Lutz's--Financial Survival Network

Summary:
Some people overachieve despite a difficult upbringing, and this is the case for this episode’s guest speaker, Ash Cash Exantus. Growing up in the projects of Manhattan, Ash had the cards stacked against him. Nonetheless, he worked his way up and is now one of the best financial advisors in the country. Ash is committed to working hard to reach his highest potential, while consistently reminding others of his humble beginnings and where he came from. He hopes to inspire others to pursue their dreams, upholding the idea that anything is attainable if you’re focused on the right things and have a solid model to follow. Tune in for more incredible advice from Ash.

Highlights:
-Some people overachieve despite a difficult upbringing
-Ash Cash grew up in the projects of Manhattan and became an entrepreneur at the age of 8
-Ash Cash is now one of the best financial advisors in the country, and is the author of 13 books
-If he can beat the odds, so can others. He aims to help other people find greatness rather than making excuses due to their obstacles
-By 24, he was a VP for one of the top financial institutions in the world
-If you’re focused on the right things and have a model to follow, you can achieve anything you desire
-You will only get as far as your belief system. If you believe you will not move forward and be successful, this will be your reality
-Instead of trying to lower to someone else’s level to convince them to succeed, Ash believes in continuing to rise up while reminding people where you came from
-If you constantly look at negative news, you won’t be able to focus on the positive aspects of life and the opportunities available
-His latest book, From the Block to the Bank, recounts his life story to emphasize that regardless of your background, you can maximize your full potential. He outlines 40 key ideas/principles to fulfill this

Useful Links:
Financial Survival Network
Ash Cash
From the Block to the Bank

Summary:
A storm is brewing as people stop paying their mortgages, realizing that the system is rigged and things are bound to change. Here to discuss this is David Stryzewski, and he unpacks some of the inflationary phenomena taking place as well as how to strategize in these tumultuous times. You won’t want to miss David’s useful tips, so be sure to tune in to this episode.

Highlights:
-A storm is brewing—millions of people have realized that the system is rigged, and have stopped paying their mortgages as a result
-This phenomenon is happening in China
-If 20-30 million stop paying their mortgage, the legal system grinds to a halt
-We have inflation and mass defaults, which go hand in hand
-We’re seeing inflation, record high prices, and supply chain issues
-We’re probably going to see different dimensions of these issues
-The new CPI came out at 9.1%
-If we raise rates too high, we kill business activity. If we don’t raise them enough, we kill the dollar
-We must analyze the velocity of the situation—or what the actual cost to the consumer is
-The Fed is going to be more aggressive, and rates need to go up about another 1.5% by September
-The destruction of debt leads to the destruction of money
-Everybody’s debt is somebody else’s asset
-If debt doesn’t get paid, banks will go down the toilet and have to be re-capitalized again
-This time’s housing bubble is different
-They may want to do debt consolidation, but the existing laws could trigger a potentially catastrophic event
-You need to make sure you have a plan and mitigate risk; budget is something that you CAN control
-Have cash ready to deploy
-Invest in yourself. If you want to learn how to do your trade more effectively, take the time to acquire those skills

Useful Links:
Financial Survival Network
Sound Planning Group