Todd has been short gold as a trader, but he owns the physical which he never intends to sells. Gold appears to have hit a bottom in the 1600’s. Now Todd’s model has issued a sell recommendation. I could very well be setting up for a major move. Copper and palladium have been heading way higher. New money is on the way into these markets. Platinum is a tremendous opportunity. Platinum 2-1 over gold. Todd says it’s on sale and is a value play. Platinum is a thin market with great opportunities. Don’t the bet the ranch on Platinum or anything else. 

Crypto’s are definitely worth investing in long term. Bitcoin hit $65k and could be going down. There’s going to be big moves that aren’t all that liquid. Liquidity can be limited. Coinbase could create additional liquidity. But there’s still going to be major volatility. There’s going to be wild swings. What is the ideal allocation? It could be the greatest thing ever, but it could blow up, but Todd won’t lose any sleep over it. 

Direct download: Todd_Bubba_Horwitz_26.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Todd had a thriving career leading multimillion dollar entertainment companies. By all metrics, he was successful...yet he was miserable. He always had to be "on"--on the ball, on his toes, on call 24/7, and on the money.

Miller wanted more than just a prestigious career. He wanted Control. Financial Independence. Time. Fulfillment.

He wanted an enriched life. 

Chances are, you've sacrificed for your career and fought a constant tug-of-war between personal, professional, and financial well-being. Professional success is important, but is it enough? 

ENRICH teaches life skills to create Optionality, even in the most uncertain situations. The world has changed greatly, but the principles of life success haven't. 

Using a series of illuminating case studies and interviews, Todd Miller shows how he and other high achievers cracked the code to:

  • Accelerate financial security in an era of job insecurity
  • Reach big, bold life goals
  • Craft your ideal job
  • Create time wealth
  • Avoid the default setting
  • Navigate change, including job loss
  • Connect how you spend your days to what's most important

For most books on work/life integration, money is frequently the elephant in the room. ENRICH embraces this elephant. Through a practical, proven, six-step process, you'll learn how to get financially fit fast, savor life's deliciousness, and achieve career satisfaction. 

ENRICH incorporates time-honored business processes with thorough, global, best practice research. Miller presents an extensive tool kit of sometimes unconventional--but always potent--work- and life-hacking strategies. 

While scaling the corporate ladder, Miller skillfully structured two sabbaticals, intentionally created a family through adoption, cycled coast to coast across two continents in support of children's charities, and explored more than 100 countries on all seven continents. 

Drawing on ENRICH principles, Miller built time wealth and passive income while working full time. At age 53, the American-born author has retired on the Andaman Sea in Thailand, where he devotes his time to enriching connections with people and projects.

Direct download: Todd_Miller_23.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Robert Syfert is Co-founder and Chief Visionary of With over 20 years of experience in the real estate investment industry, Robert has become a specialist in creating software, tools, and services that enable RE investors to do things better and faster. He would be delighted to share with your audience strategies that help RE entrepreneurs scale operations, optimize their business, and make more money without compromising their free time.

Direct download: Rob_Syfert_22.Apr.21.mp3
Category:general -- posted at: 8:01pm EST

Why can’t humans admit they’re wrong. It is one of the most difficult things for a person to do. Egos can be very delicate things. We have an ideal that we constantly strive for and we want to believe that we’re moving in that direction all the time. Admitting you’re wrong gives you more control over your life than virtually any other thing you can do. This allows you to adapt and to grow. Through that lesson you can actually get closer to your ideal self. In reality we’ll never reach that person. When you’re in the public eye, it’s even more difficult to admit you’re wrong. The truth will set you free. Lying to conceal or cover a mistake only compounds the problem. Can you handle the truth? Dr. Huber says yes, the people actually want to know the truth. 

Direct download: John_Huber_22.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Fury Gold Mines (sponsor) just released excellent drill results and Michael Henrichsen was excited, describing that the results could be the gamechanger they’ve been working towards. And for good reason, hole 013 yielded 59.3 Au g/t over one meter and 8.87 g/t Au over 3 meters. The high-grade results to the east of the deposit after further drilling could significantly expand the resource. The newly identified Snake Lake structure where drilling has recently been completed is extremely important to this year’s exploration program and President/CEO Mike Timmins is eagerly awaiting the assay results. As if all that wasn’t enough, there are two identified targets in the Western extension that also have the potential to vastly expand the deposit. These are exactly the type of results that have kept the team motivated and on track. They are executing the plan that was outlined here in previous discussions and it’s now on the cusp of reaping big rewards. Finally, insiders have been accumulating shares, which is always a good sign. We are happy to hold shares in the company. Company Website Ticker on NYSE American and TSX: FURY

Direct download: Furyc.mp3
Category:general -- posted at: 11:00pm EST

Gil Baumgarten is one of the nation’s top financial advisors, is the Founder and President of Segment Wealth Management, an RIA financial advisory firm. Since its inception in 2010, Segment Wealth Management has grown to a top-ten firm in Houston, as recognized by the Houston Business Journal, with over a billion dollars in client assets under advisement. Gil is also a nine-time recipient of the Top 1,200 Financial Advisors distinction and has been ranked among the thirty-five best advisors in Texas by Barron’s.

Distinctions aside, Gil’s affinity for precision and detail reveals itself in his daily life as well. He is an avid outdoorsman, award-winning woodworker, and attentive family man, friend, and colleague.

Gil shares his market insights and wisdom acquired over the course of an extremely successful career in the financial sector. 

Direct download: Gil_Baumgarten_21.Apr.21.mp3
Category:general -- posted at: 8:01am EST

Our good friend Lobo Tiggre (f/k/a Louis James) joined us to talk about the economy at large and why gold and silver too, must eventually breakout to record highs. The profligacy of world governments has never been greater and Modern Monetary Theory is only feeding the fires. We also talk about various chart patterns and their value to investors. Lobo is understandably skeptical on technical analysis, but we believe it has it's value. Like right now on the cusp of a major precious metal breakout. And it can't come soon enough. Hello $2000 gold. 

Direct download: Lobo_Tiggre_21.Apr.21.mp3
Category:general -- posted at: 8:00am EST

A look at where we’ve been and where we’re going and where we are now. Mark recently produced a video entitled “Celebrate the Pandemic.” To Mark, the Pandemic was a glimpse into what retirement could be like. For some, they embraced the virtual world. For many road warriors it was a wake up call. Some people are looking at the event and handing in their retirement papers. Others have simplified their careers and are spending more time with friends and family. It was a great way to gain some perspective on their lives and their direction. 


A lot of money left the market after the March 2020 crash and continued to stay on the sidelines. Markets go up and markets go down, sometimes due to internal reasons and other times due to pandemics and other external factors. This illustrates why it’s necessary to have a plan that balances risk and return. Mark’s clients had very little agnst during the March Crash. Proof that planning can save much stress and worry. 

Go to Mark’s site and figure out how to live out your best retirement scenario. 

Direct download: Mark_Singer_21.Apr.21.mp3
Category:general -- posted at: 8:01am EST

Arwen was being interviewed for a video and she talked about her mom. Money was tight and her mother was confronted with a challenge. And she handled it! Arwen was inspired to write the book and tell her mother’s and her own story. 

The take away, Arwen wants women to be inspired. There’s a large portion of the female population that hasn’t been educated to make correct decisions. And they often find themselves alone, either through divorce or death. And women often avoid the subject altogether. They need help to solve the money riddle in a way that the average financial book falls short of doing. 

Financial Adviser, National Speaker, and Podcast Host Arwen Becker shares her raw trials and triumphs, helping the reader grasp that, after a very rough start and many mistakes, "She Handled It, So Can You!"

Direct download: Arwen_Becker_20.Apr.21.mp3
Category:general -- posted at: 8:00am EST

For Gold/Silver/Miners Chris wants to see gold rise to 1870 and then break the 1960 level. That will be the sign that the new gold bull market has begun. Right now the miners are outperforming the medal and the market in general. Chris isn’t trying to pick a bottom. The break-out will be a lot like July 2020. Then we’ll see an intense 1 to 2 month rally. China buying hasn’t taken off as best we can tell, despite the news to the contrary. Additionally, the general public is nowhere near wanting to buy metals yet. Largely due to no fear coming from the stock market. We could be years away from that, it’s a long journey to the upside. 

Copper has blasted to the upside. $4.50 is the next resistance point after which we could see it go much higher. Lumber has had a massive rally. It’s a feeding frenzy in the real estate market. No one cares about the price and everyone is fighting over it. But for how long? 

What will stop the housing market? As Chris describes it, there’s a huge lag in this market. There’s not going to much affect for 3-5 years. Increasing rates will put some pressure on the market. Lot’s of REIT’s for every appetite and many are paying high monthly dividends. REIT’s and EFT’s could be the way to play real estate. Great for Millennials. They don’t want to buy homes but they can still be real estate investors. 

Bitcoin down 16% in the last 3-4 trading days. Over the past couple of years, the last 4 pullbacks have all been double digits, but they’re getting smaller and tighter. Could go to 74k or down to 35k. Its a raging bull market. It’s a bit oversold. It’s super risky. Coinbase could be the gamechanger. Will there be a 2017 replay? 

What sectors of the market are doing what? Stock market is getting a little over done on the S&P 500, starting see defensive plays outperform. Ripe for pullback. Put call ratio is extremely low. We had the March deep correction and then there was a rebound so no one felt the pain. Eventually doomsday will be here. That’s when the trader make his stand. You always need to know your downside and fix your losses. Position and risk management are what it’s all about. If you don’t you’ll give it all back. 

Direct download: Chris_Vermeulen_19.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Yet Another Ridiculous Stock Market Bubble, In Three Charts (about margin debt going through the roof)

Crypto volatility: Coinbase goes public and announces that its insiders are dumping most of their stock, bitcoin tanks while dogecoin goes soars. One guy claims to have turned a stimmy check into a million dollars in dogecoin. 

Email from Alex: Wouldn't that be a great business, bitcoin wallet recovery service. Whoever figures this out will make a killing.

In San Fran, twice as many people died of drug overdoses as from covid.

Michigan mandates that 2-year-olds be masked. 

Western states on the verge of their first-ever water shortage declaration, impairing hydropower. 

China expands its gold import quotas, prepping for a gold-backed digital yuan?

Tesla passengers killed because no one was in driver's seat. Self-driving cars are a long way off. But stupid people are definitely here. 

Two killed while not driving a Tesla. Self-driving is quite there yet.


Also, Quantum computers, have you ever noticed that they are made of a particular shiny yellow metal? 

For shadowing maybe?  

Email: I am 78 years old. Am I going to get my vaccine passport? HELL NO!!!!!!   I am old enough to remember freedom. I will not bend or bough down to the "Globalist Gods".

John Rubino - so unpretentious, he mentioned his tesla puts once when he was well out of the money on them and once only after that, but I am sure he cleaned up on them since)

Direct download: John_Rubino_19.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Shane Walker is Co-founder, Executive Vice President, and Chief Marketing Officer of Qube Money. He grew up on a farm in Weiser, Idaho, and is the 9th of 12 children. His dad was a teacher, and his mom ran their large household. Money was scarce. The only time the family went out to eat was to get a free hamburger and cutie ice cream cone at McDonald's during report card time. Imagine a family of 14 bringing in 10 report cards for free hamburgers at McDonald's...

Shane began working at age 8, hoeing beets and changing sprinklers to help support the family. He remembers his dad making work fun by taking a dip in the river mid-afternoon. While they worked, his dad would often say, "Isn't this fun?" Shane has learned to enjoy working and to do his very, very best in everything he does.

Shane has transitioned this approach to life in everything he does. He graduated with a master's degree in accounting from Brigham Young University. In his Junior year of college, he partnered with a couple of his friends to build Elite Sales, which became one of the largest door-to-door pest control sales companies in America.

After college, Shane started Walker Financial and is a leader in the financial space. Shane has achieved top honors, including Million Dollar Round Table, a leading producer with Guardian Life Insurance, and both Double Platinum and Top Income Earner with Team National. He is an accomplished trainer and speaker. He's taught audiences as large as 8,000 and has a track record for deeply engaging people.

Shane joined co-founder Ryan Clark to create Qube Money. As the executive vice president, Shane's dream is to help millions of people across the globe rise above living paycheck-to-paycheck, eliminate debt permanently, and empower people to experience more abundance, more joy, and more peace with money.

Direct download: Shane_Walker_15.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Millions of People Will Be Paid Up To $200 To Get Their COVID Vaccine.Companies are offering incentives for their employees to get vaccinated. Kroger is giving its employees $100 in store credit plus a $100 payment, while Publix is offering its staff a $125 gift card to use in the store. Lidl is shelling out $200 to each employee who gets the vaccine, Instacart will provide its workers with a $25 Vaccine Support stipend, and Trader Joe's will pay workers for two hours for each dose of the vaccine. It's not just grocery stores either - Amtrak will give its employees the equivalent of two hours work for getting vaccinated. Darden Restaurants, which owns Olive Garden, LongHorn Steakhouse, The Capital Grille, Yard House and other chains will pay the equivalent of four hours work. Dollar General will do that as well. Chobani will pay the equivalent of six hours work, and McDonald's will cover up to four hours of paid time off. Target is also paying the equivalent of four hours' work and throwing in reimbursement up to $15 each way for workers who take Lyft to their vaccination appointments.

Direct download: Jonathan_Bell_15.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Gold Terra CEO David Suda (sponsor) joined us for an update. When we last spoke, the company had acquired a number of Newmont claims, which hadn’t been explored since the 1960’s. This in an area that had produced over 14 million ounces. Of that 5 million came out of the Campbell Shear alone. It took 9 months to close the deal, but it was well worth their time.

Drilling began in January of 2021. To date, they’ve received assays on 6 of 13 holes drilled. The two most significant intersected 5.77 g/t Au over 12.35 meters, including 14.09 g/t Au over 4.65 meters, and 5.69 g/t Au over 1.50 meters and .871 g/t over 3 meters. David is extremely excited by these developments and is anxiously awaiting the remaining results. It appears that the mineralization is consistent with that found in the prolific Con Mine, which could well presage a major discovery. A fully-funded 10,000 meter drill program is set to start in July.

This month was also significant for Gold Terra as they upped their 43-101 resource estimate for the Sam Otto and Crestaurum deposits to 1.2 million ounces inferred, an over 60 percent increase from the 2019 resource estimate. And of course, the potential is there for substantial further additions.

Executive Chairman Gerald Panneton and David have delivered upon their promises. Now, it’s just a matter of time before the market recognizes the inherent value present and resets the company’s valuation higher, which is why we’re even more optimistic shareholders than before.



Direct download: Dave_Suda_Updated_16.Apr.21.mp3
Category:general -- posted at: 4:45pm EST

Will China invade Taiwan? What’s going on in the South Sea. Now they’re pushing things so far, all of their neighbors are up in arms. Everyone is banding against China. South Korea is worried, Vietnam, the Philippines and others are enraged. Under prior leadership China was dedicated to advancing their economy and not interceding in international affairs. Now all that’s changed. No rule of law, when it comes to managing their economy and their currency. If it doesn’t liberalize further, it’s not going to advance further. Their currency and their economic policies are failing miserably.

Direct download: Daniel_Joseph_14.Apr.21.mp3
Category:general -- posted at: 8:00am EST

The esteemed financial expert Martin Armstrong joined us today. He pointed out that his computer forecasted Panic cycles are showing events happening in 2022 and 2024. Martin discusses the beginnings of the pandemic and Build Back Better slogan that happened a year before anyone even heard of Covid-19. On the topic of cryptos, he believes that cryptos have been propagated by the government to get people familiar with and used to digital currencies an effort to eliminate paper currency. Confiscation is coming. Martin doesn’t believe that any country will allow a competing currency to exist. Martin’s bitcoin report was shutdown in Europe for the merely mentioning it. All credit card sales were shut down. Gold and silver will repeat the cycle when Russia invaded Afghanistan and hit its previous high. Will the Chinese then march into Taiwan. This appears to be shaping up for May. Gold is now being fully tracked by the government. It’s not being done with silver. Martin questions, "If they’re tracking gold this carefully, will they really allow Bitcoin to persist." As he has stated many times, "The rule of law is dead." No market implosion coming to the US. Target of Dow 35k is close to being reached. And then Dow 65k. The impending war in Europe and Asia will lead to capital flow to the US and avoid a correction here. Just as in WWI and WWII the capital will flow here. It will also lead to China marching into Taiwan. Major US Cities are in a death spiral. Migration out of cities has become a virtual human wave. Martin forecast this trend many years ago. He always thought it would be due to taxes and economics, not personal safety and the inability of these failing cities and states to keep things going. As Martin says, "In a normal business, if business is bad, you cut prices to boost sales. With government if business is bad they raise prices/taxes and thus drive business down further." That’s why the US Financial Capital is shifting from New York to Miami. Now that people can work from anywhere, they will and in the process avoid high taxes and high tax states. Inflation is finally starting to catch up. The key is that when people start seeing that it’s cheaper to buy today than tomorrow, then prices spike. Signs abound. Construction costs are escalating, commodities are rising and shortages are starting to take place. The shortages are emerging from supply chain breakdowns as well as the inability to get goods to market, as witnessed by plowing under crops. The trend is for shortages to accelerate. Things are definitely getting interesting!

Direct download: Martin_Armstrong_13.Apr.21.mp3
Category:general -- posted at: 8:01am EST

The stock market’s capitalization is 200% of GDP. Margin debt has never been higher. Is the party over? If you listen to the Fed they claim that inflation is transitory. YOY inflation was 2.6%. Core inflation was under 2%. The Fed doesn’t even look at consumer price inflation. Everything is a substitute for everything else. The Fed’s mandate is stable prices, haha. Next month’s CPI will be over 3%. Exploding earnings and growth in GDP this quarter and next and then we roll over. Whatever happened to zero inflation targets. $7 trillion dollars of new money printed and keeping interest rates below 1%, what could possibly go wrong. Market and economic chaos is inevitable. The middle class is being hollowed out and thus the country with it. Bubbles getting ready pop all over. It only benefits the wealthy and those who work from their homes. Job losses aren’t being reversed. It’s been the worst of times for the middle class, thus engendering further chaos. It’s a volatile and incendiary. 

Is the pandemic going to end this summer. Bad Vaxx news, J&J vaccine causing blod clots in 6 women. It’s temporarily suspended. Vax skeptics are jumping all over it. Why suspend the vaccine for 6 out of 17 million people getting ill. China vaccine not working well. If the virus is running rampant, can growth and inflation continue. It’s going to drop off in 2021 and 2022. You’ve gotta invest somewhere. 

Michael is more concerned about the government’s reaction to the virus than the virus itself. 

Direct download: Michael_Pento_13.Apr.21.mp3
Category:general -- posted at: 8:00am EST

The new time dated Digital Yuan, the war on cash enters a new phase. Cash will now expire on a specific date or will start to lose value over time. It’s going to completely replace the paper Yuan. In this way demand gets stimulated. Saving is bad because it empowers individuals. How are you going to stash digital currency into a digital mattress.

Las Vegas Musk’s Boring Tunnel System. The beginning of a major transition. Humans are going underground. The world becomes a national park.

Minneapolis Chauvin trial surprises. Who’s side of the trial is the prosecution on?

Real estate prices picking up in NYC and New York’s Self-Immolation.

They’re assuming that the Federal government will raise the SALT cap, which doesn’t look too likely. Perhaps the minimum income tax proposed by Yellen is really intended for the states. A way to hit Florida and Texas and other states with no income tax. Uniformity of economic and tax policy across the country is becoming a possibility.

March deficit blow out. Expenditures are 3.5 times tax receipts, sounds like a real sustainable trend, doesn’t it? EV’s are taking off. Another sign we’re in a bubble.

Sub-prime auto loans are crashing while auto sales are spiking. Doesn’t sound like they should be happening at the same time.

Reddit traders thing of the past? A real lottery ticket for long suffering shareholders. What’s the crappiest stock you can buy that the Redditor’s.

Direct download: John_Rubino_12.Apr.21.mp3
Category:general -- posted at: 8:01am EST

China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. This explains why cryptos have taken off and gold/silver have remained in the dumps. This is de-dollarization in a big way. Dollars are of no use to Iran and Venezuela. They’ve been cut off from Swift and there’s nothing to be gained. The Chinese found a work around. This will heighten cryptos and make the prices go much much higher. The crypto is getting recycled back to China in the form of goods purchased. All brought on by American sanctions. Trading in gold isn’t a viable option. The net result is a weaker dollar and the oil continues to flow. The mainstream press is avoiding the story. The US Dollar is on its way out as the reserve currency. The direction is clear. Rob believes that eventually we will return to a currency that will be based upon something tangible. 

Direct download: Rob_Kirby_12.Apr.21.mp3
Category:general -- posted at: 8:00am EST

No crash immediately ahead. The economy is like a giant aircraft carrier, it takes a lot of time turn around. Too much growth and too much money coming in. Twelve percent chance of a rate hike in December, despite their repeated denials to the contrary. Gold is heading upward with a resistance point of $1825. Miners are now leading the metals, which is what you want to see, especially at turning points. Dow Jones US Gold Mining Index has been leading for quite a while, a very positive sign. They led on the way down and are leading on the way up. And rate hikes are going to be the next catalyst. Tons of money being thrown at the economy. Pent-up demand is going to make the economic numbers soar. Optimism yes, but it might not yet quite be time. Better to be a little early. When gold hits $1950 it’s off to the races. This is going to launch and explode high. Gold to S&P at a 7 year low.

Direct download: Jordan_Roy-Byrne_09.Apr.21.mp3
Category:general -- posted at: 8:01am EST

Gerald is holding a freedom rally in Kingston on Memorial Day. Join him there. It’s time for people to stand up for what they believe in. Beware of vaxx passports. What about declining sperm counts? Gerald says, “Big Pharma is nothing more than a bunch of drug pushers.” He is a man born of freedom and was not put on this planet to take orders from garbage peddlers to serve their whims. 

He believes that markets will keep going higher in a Biden Bounce. Once interest rates go up, the whole thing implodes. Housing bust coming? Fake inflation numbers. Housing price increases don’t go into CPI. They deliberately hide the true inflation rate so they can have unlimited free money and put a lid on Social Security benefit increases. No real estate crash is coming because individuals are buying up houses to get out of the big cities. Millennials are now buying too. There’s never been anything like this before. 

The NYC Office vacancy rate is over 14%, a record high. They’re subleasing to get out. Big law firms no longer need all that space. Now they’re working from their homes. Commercial RE in all major cities is coming down big time. Ground level retail is empty. New York City is not coming back from this along with the other big cities. People are fleeing the big cities. Lots of empty ugly space. Newcomers to Kingston, Gerald’s hometown are fleeing NYC crime and the Coronavirus. 

Go to  Just $129 per year. 

Direct download: Gerald_Celente_09.Apr.21.mp3
Category:general -- posted at: 8:00am EST

As Miles Franklins’ owner Andy Schectman says, ‘Price is a tool of deception.” What a difference a week makes. Comex has become a delivery market, all to the group known as the others, such as family offices and sovereign wealth funds. April deliveries were 20,000 contracts, or 2 million ounces. Big money is misdirecting the public to corner the market. 

On February 2 during the height of the #silversqueeze. All the major bullion dealers were shut down for the weekend. During this 48 hour dealers are hedged, but that weekend the hedge ran out and Andy was 35000 ounces naked into Sunday. In this environment the next morning someone dump $45 billion worth of paper to drive down the price. 90 million ounces has been back doored out of SLV. No one in the midst of the greatest bull market in history would sell this much metal ever. At the same time 55 million has been drained from the Comex. Metals is coming out of everywhere. Problems are blowing up all over the world. Andy has been working 18 hours per day for the past several months. Higher demand will lead to higher prices. 

One day there will be nothing to sell and people will wonder how it happened. 

Direct download: Andy_Schectman_08.Apr.21.mp3
Category:general -- posted at: 8:01am EST

Daniel Goodman is a Professional Day Trader and specifically looks for Real Estate Investments, Day trading stocks, options and futures, and long term investments in the stock market

1. When I think of good debt, the first thing that comes to mind is a mortgage. That is providing you shelter, a place to live, and everything wonderful about having a home. Yes it’s not fun making payments for five years and not seeing your principal drop too much because of the interest that you’re paying, but if you’re paying anywhere around 5% interest or less, you’re doing very well! Overtime that home will become more valuable. And therefore you have more equity. And if you need to, you can borrow money off your home, or refinance it and pull money out. This is a beautiful thing. However, only do this if you can afford to make the payments! Or else, you will lose your home and be forced to sell it.
Getting a loan for a business, is also considered good debt. Because hopefully, or at least your intentions are that this business will make you money. And paying off the loan will be small potatoes compared to the money you are bringing in from the business. Bottom line, you borrowed money from the bank or lender for the purpose of making “a lot more money“ then you owe them. Again, this is not something that’s going to happen overnight and you will be debt-free in a week.
Another type of good debt can be a “no interest“ financing plan. For example, you go to Best Buy (they have fabulous no interest deals) and you need to buy a washer, dryer, new oven range, and vacuum cleaner for your new home. If you get approved with their line of credit, depending on the dollar amount, you might be able to get five years of no interest!  That’s good debt! All those appliances you bought are must need items. You need to wash your clothes and dry them, vacuum your floor to keep it clean, and cook your food. Of course, please make sure you can afford the monthly payments before signing.

Let’s talk about some bad debt.

You just got approved for a new credit card, with a $20,000 limit!  You have an 800 credit score, and no dings on your credit, and make enough money, and that’s why you were approved with a nice starting limit! So you go out and buy yourself a new Rolex watch and clothing to go with your new job promotion!

Unfortunately, the promotion doesn’t work out the next week. The company had to lay off a lot of people. Well, now you have bad debt!! If you can’t return those items, then you have to figure out a way to pay off the new bill before the 25% interest on your credit card starts hitting you. Because you don’t need a watch or fancy clothing. A watch and clothing will not cook your food or make it taste better. It might make you feel better wearing these items, but it won’t keep a roof over your head either. These are nonessential items!
A credit card is only used for two reasons: for emergencies and you are prepared to pay the high interest rate that comes with it, or the benefits such as points that add up to perks and things like that. But when you use the credit card for points and perks, you have to have cash in the bank to pay it off right away before the interest hits you.

Try your best to only charge your credit card if you can afford to pay it back right away.

2. The benefits of having good debt is having equity in your home. Owning a home with equity allows you to borrow off of it when needed. If you refinance it, you might even get a better interest rate on top of it. Let’s say you have $500,000 in equity in your home. You make more than enough money to take $500,000 out of your home and still pay the interest and the new principal. If you refinance it and get an amazing interest rate at 2.75% because you have exceptional credit and a perfect application across-the-board, you can invest that $500,000 into something that could pay you, let’s say 7%. One possibility would be to buy a condo using that $500,000 with zero debt after the purchase. You have no mortgage on the condo. You can rent it out and even if you get 6% a year on your money, you’re still making 3.25% after paying your interest on the refinance of your home.
Let’s let’s say you basically  broke even. Let’s say the condo only pays you 3% on your money by renting it out, you now have another property and soon that property will have equity in it. As you can see, if you play the real estate game with good debt versus bad debt, it can pay off in a beautiful way. And this is how most real estate mogul‘s start building their portfolio.

3. Good debt can be bad. Pretty much the only way good debt is bad, is if you have over leveraged yourself. If you keep borrowing and borrowing and borrowing, and you don’t have a job that will pay off these good debts, you’ll be forced to sell everything to pay the bank back. For example, if you borrow equity from your home to buy another home, that’s fine as long as that new mortgage is paid. Usually it’s paid by renting it out and having tenants and you are now a landlord. Once that home has equity you can borrow off that home to buy another home. And do the same thing. However, if you have no savings account and no liquid assets to pay those mortgages, and if for some reason your tenants leave, you’re in big trouble. And even worse, if the value of your home drops, you might not even be able to sell your home and pay back your debt in full.
So please be careful taking on leverage and multiple mortgages!!

4. A Person should only have as much good debt as they can afford. Good debt is a luxury. But needs to be treated with respect and not fooled around with it.
You can own as many homes, appliances, and anything you need, just as long as you can pay for it. Otherwise it all becomes bad debt.

Direct download: Daniel_Goodman_08.Apr.21.mp3
Category:general -- posted at: 8:00am EST

Still a little more upside to go in the stocks. On a relative basis, the last couple of months the tech sector has been giving some yellow flags. Eric expects it to spike to a new high. It’s been giving a couple of warning signs. It held at 12,200, which means 14,000 could be around the corner. It’s probably an intermediate peak in mid-April, but not the final peak. 

Gold is now at the ideal entry point, once it hit 1670’s. The double low reaffirmed the buy signal. He’s looking for a significant peak in mid-May. Silver should hit a new cycle high as well. The bottom appears to be in and a good rally in early April and a second rally to follow. 

Bond market has adhered to a 4 year cycle. Peak in prices came in mid 2020, with resulting low in interest rates. Interest rates in mid 2021 should see a secondary high in bond prices. Economic optimism might hit a bump in the road before it resumes the trend. 

Oil prices heading towards a significant peak. Then it should back down. We might be seeing a retest of the recent high. But a top nonetheless. 

US Dollar, Eric has been looking for it to set a final low in 2121. On an intermediate basis it spiked over 93 and set an intermediate top. Now it should work its way down with major support at the 88-89 range. Could have a signifcant impact on gold and other markets too. 

Direct download: Eric_Hadik_07.Apr.21.mp3
Category:general -- posted at: 8:01am EST

Interest rates rising for now what will the effect be? Buyers haven’t seemed to notice. One a $300k mortgage their payment has gone up $60-70 per month. Buyers need to prepared for higher insurance, taxes, utilities, etc. Texas had their freeze and they’re still trying to get rid of the claims backlog. Many lost power for days. 

What’s going on in the Real Estate market? Inventory around nation the nation is extremely low. 1 month’s inventory currently. More people are staying put than ever before. Elderly aren’t downsizing. New homebuyers are purchasing larger homes. Out of state buyers snapping up high priced homes. Prices are going up and lots of cash sales happening. New home construction is on the upsurge. There’s wait lists galore. 

Investing in Real Estate to cash in inflation. People have waited for a good deal. People were waiting for lower mortgage rates. They bet wrong. Now they’re trying to beat higher rates and trying to get more. 

Over 55 communities are increasing greatly. Lots of golf carts. People over 60 downsizing to these communities. 

Foreclosures also coming to a head. The moratorium is coming to an end. There’s still a number of homes that are on chopping block. This could see an increase in inventory eventually. It’s all in flux. 

Direct download: Debbie_Bloyd_06.Apr.21.mp3
Category:general -- posted at: 8:00am EST





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