Kerry Lutz's--Financial Survival Network

Summary:
Today, Val Hughes comes on the podcast to discuss active management, public/private equity, and the leveling of the playing field that is occurring in the current market. We talk about many of the changes that have occurred over the years that cause companies to function differently, and how the economy is growing in areas where you don’t need a lot of capital to be involved. Tune in to hear some insight from Hughes about a variety of financial topics, and to also get general advice pertaining to the current investing climate.

Highlights:
-If humans can’t beat a computer at chess, then how can they win in investing? Does it require someone that understands businesses and finances?
-Why do you need active management when CEOs and accountants frequently mislead?
-ETFs act as a distribution system, but are different from mutual funds
-ETFs trade on the exchange, so there’s no platform fee
-They are only a few spots where active management can win, like in small cap value investing
-Small cap value is the best performing asset class, and the data goes back to 1928
-If you like puzzles, there are still puzzles to solve in small cap value that can deliver alpha
-The trend of concentration - companies buy out competitors and consolidate the industries
-Publicly traded stocks have declined and companies buy out their own shares, becoming a homogeneous blob
-Why are there public companies? They came about to raise money to build things that individuals couldn’t afford on their own
-It’s a richer world now and we don’t need as much public money
-More of the economy is growing in areas where you don’t need a lot of money
-The government is turning our public companies into more of a social good
-Is private equity good or bad? You have to get back to the purpose of a company
-Private equity is still in the business of turning equity into a bigger equity, creating new niches within a service/product
-It is important to promise rewards to innovators so that they don’t stop—they fuel decades of hard work
-Robinhood Reddit phenomena - bringing something to the masses that used to belong to middle men. Technology is disruption the traditional process
-There has been a leveling of the playing field, and the professional investors have to compete with the guys on the streets. These two camps evaluate different criteria, one being the value of companies/what the stock is going to do and the other entails looking at what the game says it’s going to do. They don’t care about the actual attributes of the company
-Within small cap equities, there are products that serve needs
-It’s good for investors to talk to people on the street daily

Useful Links:
Financial Survival Network
The Value Guys

Summary:
Wall Street exists to make money for itself, so how do you make money for you? Today we invite Joey Mure and Russ Morgan on the podcast to talk about financial freedom—which is at its peak when your passive income exceeds your monthly expenses. They discuss how every individual has unique traits when it comes to investing, and some of the resources that their company offers help you discover how to utilize these.

Highlights:
-Sometimes the people who you think are your friends aren’t—this is especially applicable to Wall Street. Wall Street exists to make money for itself—it’s about survival of the species
-How do we get rid of Wall Street?
-Relates to the food business—they've evolved into an industry that gives markets things with no value
-Financial freedom occurs when passive income exceeds your monthly expenses
-Mindset is everything: if you’re investing time into learning how to become more financially successful, then you will continue to grow
-People haven’t given themselves a license to dream—Wall Street only thinks about the here and now
-You need to think about what unique traits you can give to the world
-Wade Pfau is a go-to person in the industry when it comes to retirement income
-What investments bring this ‘infinite wealth’ about? Having your own business can be a method for maintaining active and passive income
-Some business owners, however, don’t know how to replace themselves eventually and allow it to become passive income for them
-You need to have a plan that is unique to you: what sort of an investor are you? People can make the same investment but have different results
-Apply your abilities and talents to your investing
-Build a community
-If you focus on one thing and do it repeatedly, it will become a reality

Useful Links:
Financial Survival Network
Wealth Without Wall Street

Summary:
Today we have Chris Miles, self-proclaimed anti-financial advisor, on the podcast to tell us the truth about investing in this day in age. He outlines some of the tried and true strategies that many financial advisors don’t acknowledge, and gives advice on how you can re-prioritize your investments to attain financial freedom. Tune in to hear tips from Chris and to learn about the concepts in the financial sector that really do work.

Highlights:
-Miles calls himself the anti-financial advisor, which is good in this day in age
-Things don’t go up forever—they must come down eventually
-Miles started off as a mainstream financial advisor - “live on rice and beans” and save everything
-All of financial advising is different combinations of the same things
-Consider how many of your clients are financially free, and if you’re profiting off of the investments you’ve been recommending
-Mutual funds are not the way to go
-Miles decided he couldn’t keep teaching concepts that didn’t work
-A lot of strategies put forth by financial advisors mean that retirement will be extremely delayed
-It’s not about working smarter, but working right. Work on creating efficiency
-Miles tells people to buy real assets—don’t invest for appreciation
-They’re not going to get rid of social security, but it’s not a good idea to bank on it
-Personal responsibility creates freedom

Useful Links:
Financial Survival Network
Money Ripples
The Chris Miles Money Show

We sat down with sponsor Tier One Silver’s management team to discuss the just released results of Curibaya’s first ever drill hole. According to Peter Dembicki (President & CEO) the hole represents a major targeting breakthrough. While it didn’t intersect the underlying feeder structure, the data obtained has been utilized in the fourth hole, which has crossed multiple feeder structures. Highly experienced Exploration SVP David Smithson is quite confident that this hole is going to be significant. The modeling and drill processes utilized at Curibaya are extremely dynamic and hole one’s results have been crucial to determining hole four’s drilling trajectory.

However, some things just can’t be controlled, like assay lab turnaround time. While delays have continued, the team has kept up its breakneck pace. They’re now sending the lab smaller 150-meter samples to help speed things along. The plan moving ahead is focused on 5 identified feeder structures that have shown high-grade on surface. The existing permit is being modified to allow drilling on a dry river bed lying between the Madre and Sama feeders. Other permit changes will allow Tier One to pursue newly mapped structures that also have high-grade on surface.

To Co-Chair Ivan Bebeck, these results are leading to exactly what’s been promised, a major new discovery which will drive the company’s existing stock price many times higher. Upcoming news will end the market’s indifference to the company. As he has said many times before, “The bigger you look for something, the harder it is to get there…The system is real, the rocks are real, the mineralization is real…everything they want to see is there, and it’s better than they thought it would be. This is absolutely a real system.” The first hole is the most important one, as it sets the tone for the entire project; Bebek believes this is just the beginning of a great run.

Company website: www.TierOneSilver.com

 Ticker symbols OTCQB: TSLVF – TSX-V: TSLV

National Emergency - McDonalds’ milk shake machines are broken and can’t get fixed.

Huge job miss today and GDP estimates are being scaled back. This has become an administration of misses. Across the board loss of confidence.

We discussed rising commodity prices. Some of the numbers were absolutely staggering and downright scary. Natgas up 118%. gasoline 85% and the list goes on and on.

In a fiat based system loss of confidence is fatal, just like the 1970’s. Back then we had double digit interest rates and much less debt.

Can tech bail us out, while we’re blowing up the economy?

Finance will swamp technology in the short run. Prepare yourself now. It's coming.

Summary:
What does the future look like in the tech world? Today we have Eric Pilon-Bignell on the podcast to discuss the current realm of tech, as well as what to expect in the future. We live in a fast paced world and have found ourselves in the fourth industrial evolution—to where advancements such as AI and 3D printing are changing the way that we live as well as how larger scale industries run. Tune in to get an inside view of the tech sphere and to think further about how it is functioning in our economy.

Highlights:
-What is the future going to look like in terms of tech?
-Looking ahead to the future, what trends are we seeing and how do we make money off of them
-We started with the industrial revolution—we are now on our fourth. We need to consider what we need in order for this revolution to progress
-We live in a fast, interesting world, and we are now seeing many specifics within technology and exploding trends (i.e. buzz words like AI)
-Anytime we take physical offerings and digitize them, it leads us somewhere new (i.e. peloton)
-There are blurry boundaries of how we are progressing, and it’s hard to predict what will take off first
-Self driving vehicles have the potential to affect people in certain jobs, as well as specific markets, such as insurance companies. It’s not going to happen overnights, but we can see the indicators
-It’s hard to place blame on something operated by Artificial Intelligence
-If you invested in Blackberry, Nokia, and Apple, what you made from Apple would have cancelled out the losses of the others.
-Aerial technology and 3-D printing give way to a lot of opportunity in production
-3D printing lessens the need to drive around and deliver large quantities of product, and overall it changes many industries

Useful Links:
Financial Survival Network
Surfing Rogue Waves

Summary:
Economical concepts can be extremely intricate, but Matthew Scott’s new children’s book The Illusion of Money breaks down the creation and functioning of money into simpler terms for the young reader. The plot is lighthearted and centers around a kingdom that acquires a new ruler; he creates the concept of paper money allegedly backed by gold. It is a fun story that essentially gets children to think about how money works without getting too complex. Tune in to hear more about Scott’s book and some of the inspiration behind the story.

Highlights:
-Matthew is American and studied finance in the US. He has always been interested in how money is created
-He went to Austria and took an alternate career path because he could not speak German—he took the English teaching route and then started teaching at university, working kids camps, etc.
-Matthew recently wrote a children’s book called The Illusion of Money
-How money comes to be, gets destroyed, and functions are all very complex concepts, so it is intriguing to look at how Scott describes them in simpler terms
-Scott started with children’s books to make use of his financial expertise without merely writing a larger nonfiction book centered around finance
-The book is a fun story with the intention of getting children to think about the nature of money
-It takes place in a kingdom where the king has died, and there is no heir to the throne
-The new king promises paper money, but there is no gold to back it, which causes a surplus of inflation, and leads the kingdom towards near collapse
-Ludwig rounds up his friends, and they try to exchange their paper money for gold
-The king refuses, so they overthrow the kingdom
-Money creation is ultimately a form of wealth extraction
-The story doesn’t even mention the term ‘inflation,’ but frames this concept in a way that is digestible for young readers
-A scheme where money is created out of nowhere
-The kickstarter campaign for the book is launching September 7th and will have early bird deals
-It should be available on Amazon around early November

Useful Links:
Financial Survival Network
The Illusion of Moneyhttps://www.kickstarter.com/projects/theillusionofmoney/the-illusion-of-money

Summary
Are you looking to dive into the housing market? If so, mortgage expert Debbie Bloyd advises you to buy now, as rates could go up more in the next year. Currently we are seeing more people buying at increased rates—surpassing asking prices. As families and the lives of many are changing, the housing market is changing as well. It’s time to get informed on what you need to do in order to enter the market and find what you’re looking for. Tune in to get useful pointers from an expert on what is happening in the industry, and what we can expect in the next few months.

Highlights
-The market is down; mortgage rates are lower
-In terms of the housing market, will lower rates really improve housing?
-A lot of people have become disenchanted with the bidding system and we need to reset people’s expectations of how it is going to be
-If you’re going to buy, you should buy now—rates could go up more next year
-The numbers are up in the top 20 cities in the US. You could be paying 12% more than you did last year
-More people are buying at an increased rate because people are surpassing asking prices; individuals are buying no matter what
-People are reducing prices in some areas, especially Florida
-A lot of people want to list for more, even if their house doesn’t necessarily back the price
-It can be good for a house to be move-in ready—not all buyers want to move in and start renovations right away
-Families are changing a lot right now, which means that the housing situation is also changing
-We are also seeing many changes in how we do business
-A house is not a right; it’s a privilege and you need to have the credit/income/qualifications in order to get what you are looking for
-You may have to relocate to get the property you are looking for; it’s important to be willing to expand your range
-If you want to get in the market, get in now!
-Loans are available, but not everyone is a good candidate

Useful Links:
Dlb Mortgage Services Instagram
Dlb Mortgage Services Facebook
Debbie Bloyd TikTok

It's an exciting time for our sponsor Aurcana Silver and it's CEO Kevin Drover, as well as its shareholders (including us). For the first time in ages, a new American silver mine has started producing silver. It's been a challenge, but they've beaten the odds. Drover expects positive cash flow starting in October. Initial expectations are for approximately 270 tons per day of rock going through the mill and then rising soon to 500 tons per day. Due to inflation, cost per ounce is somewhat above the original estimate of $8, however the initial ore grades are coming in much higher than expected. If it continues this way, annual mine production and profit could increase substantially.

Getting the Texas based Shafter mine into production is next on Drover's list. When all is said and done, Aurcana could eventually be producing 8-9 million silver ounces per year, which would put it firmly in the mid-tier producer camp. He's also exploring a nearby acquisition candidate that includes another 500 ton per day mill. It's just a short distance from the now producing Revenue Virginius mine.

The company has made the transition to silver production. Now it's a matter of leveraging its current position to make sound acquisitions and to get the Shafter mine working. Aurcana's future has never looked brighter.

Website: www.Aurcana.com

Tickers - OTCQX: AUNFF - TSX.V: AUN

For the month of August, the stock market was generally up with dips in a few areas. Dow was up 1.2% 35361 and S&P 500 added 2.9% to 4523, Nasdaq was up 4.7%. Russell 2000 was up 2.1% to 2273, TSX added 1.5%, and TSX.V slammed for 3.1% decline. VIX dropped to 16.5. The Dollar went up 0.5% to 92.66 and the Euro went down 0.5%. 10 Year yield went up 4% to 1.3. Bitcoin recovered 13.5% to 46957. Gold stayed right at 1814. Silver was off 6.1% to 23.9. Pt off 3.4% to 1008. Pd was down 7.4% for the month to 2406. Copper rose 4.29% to $4.29. WTI down 7% to 68.50. Brent down 4.2% to 72.88. Natgas shot up again adding 7.9% to bring it to 4.38. Uranium rose 6.8% to $34.63, again extending the up trend. 

Ratios:  Au:Ag rose to 75.9, Pt:Au .56, Pt:Pd .42. BRT:WTI 1.06, WTI:HH 15.6, and AU:WTI 26.5.  

Summary:

How do you get your digitally marketed business to stand out amongst thousands of others? Today, Kris Reid comes on the podcast to give us some strategies that utilize web dynamics and SEO optimization—ensuring your website will take off with the right approach. It is crucial to choose your market audience widely, and identify a valuable niche that makes your services stand out. Tune in today to get indispensable advice from Reid about marketing in the digital age, and how you can utilize these tools more effectively.

Highlights:

-How do you get your digitally marketed business to catch the attention of others?

-Riches are in the niches; the better you can serve a smaller group of customers, the better

-You have to choose your market wisely

-The more valuable a niche, the more people are going after it

-Once you identify your niche, you have to look at the entire segment of your niche. How will you add value to your client’s life?

-With digital marketing, it is very measurable and you can easily see your return

-A benefit of SEO is that it’s compounding—you keep getting paid on it

-Google continually produces the best search results

-If you tick all the boxes Googles is looking for, it will continue to reward you with great traffic

-People go directly to Google for services, which might be the one you provide

-You need a substantial amount of links leading back to your website, because it gives you domain authority

-You need to utilize key words with buyer intent or action intent—someone is actually going to take action and help you increase your revenue

-A good web designer understands marketing

-Back-links are critical—the bigger, the better

-Only 0.21% of internet content gets substantial traffic

-Niche-relevant back-links are most ideal to help you ranks

-Important to analyze which websites generate the right investors

Useful Links:

Financial Survival Network

Ardor SEO

We sat down with Osino Resources' CEO Heye Daun for a sponsor update. Recent drill results, like those that came before, have been encouraging and the company recently released a highly anticipated updated PEA, showing a pre-tax Net Present Value of $579 million and an after-tax NPV of $377 million (5% discount rate) with a 2.3 year payback and an internal rate of return of 38% (based on $1700 gold).

Daun emphasized that during the current sector downturn, Osino has been focused on execution and delivery. He's been committed to building a top-notch team, keeping the company well-financed and pushing forward as the company grows and develops. With an aggressive drill program, the Twin Hills Project keeps getting bigger and bigger. This will eventually lead to a large shareholder payday (we own shares).

With its recent upgrade to the OTCQX, Osino should be well positioned to capture more investor attention and a higher valuation once the sector regains favor. And with all that's going on in the world and increasing financial instability, that should be sooner rather than later. Tune in to hear Heye Daun discuss Osino's potential.

Company Website: www.OsinoResources.com

Ticker Symbols: OTCQX: OSIIF - TSXV: OSI

In the mining industry, it takes a solid vision and drive to revisit and revive an abandoned project. Stephen Stewart, CEO of QC Copper and Gold joined us to discuss the latest developments at the company’s Opemiska Copper Mine Complex, and why the project is on the fast track to success. Production ended back in 1991, as the copper price made it uneconomical to continue. Now, higher copper and gold prices along with new technology is breathing new life into Opemiska. In one drill hole alone, QC found 18 g/t gold over 9 meters and 100 meters of .5% copper eq. Stephen expressed surprise at the gold discovery, since the project had never produced gold at this grade before.

He is confident that production could begin during the current bull market cycle that has seen copper hitting all time highs. (currently trading at US $4.32). Capex will be low compared to comparable new projects. The onsite infrastructure is quite good, with an onsite power station and close by access to highway and rail.

All things considered, Stephen’s business model of using the latest technology to revive and eventually reopen shuttered mines is set to pay big dividends.

www.qccopper.com Tickers : OTCQB : QCCUF - TSXV : QCCU

Summary:

To grasp the the current circumstances in China, we have Daniel Joseph on the podcast today—an individual that has previously lived in China for quite some time—to update us on the socioeconomic situation. As a nation, China seems to be deviating from some of the tactics that made them so successful historically—such as being able to access specific resources and utilizing these freedoms. Tune in to hear about why China has failed to reign as a world power, and some of the current happenings contributing to their limitations as a country.

Highlights:

-When it comes to China, Daniel Joseph can give accurate depictions on what is happening

-In many parts of China, building infrastructure isn’t quite as stable. Therefore, disasters considered rare in the US are more common over there

-Sometimes a picture is painted such that China is invincible, which is not the case

-It also seems as if China aims to be a tier two country at times, and doesn’t necessarily want to be the best

-Moving away from the free market and rolling back political freedoms—deviating from things that make them successful

-China has been issuing new regulations on the tech industry

-Outlawed private tutoring—they are moving away from practices that got them to where they are now

-Trust in China is taking a big hit; they have not been transparent or participating in the dialogue around major health problems

-The Three Gorges Dam is having a worse rainy season than last year. China continues to have flooding/infrastructure issues that aren’t going to cease overnight, even if they take the necessary steps to stop them

-What we see with China is the expert class failing globally

-China will be worse off now that we are out of Afghanistan

-It often takes financial incentive to get individuals to comply with a regulation

-Middle class poses problems for communism

Useful Links:

https://financial survival network.com/

http://theglobaldashboard.com/

Summary:
Investors alike are asking: where are the markets heading, and what is the Fed going to do? Today, we have Jim Welsh on the podcast to give us some insights about what is happening and what is to come in the ever-changing market. He provides useful insight on what is going on in regard to the treasury, thoughts on Afghanistan and the repercussions that may follow, and what to expect out of the dollar as currencies around the world shift.

Highlights:
-Where are the markets heading? What is the fed going to do?
-Everyone talking the loudest are not voting members on the fed this year
-The fed is in somewhat of a box; QE purchases were intending to stimulate demand in the housing market, but housing prices and rents are going up
-People who use ‘tightening’ to describe what is about to happen are missing the math behind the process
-Treasury had a balance of $1.6 trillion—since March, it has gone down to $400 million
-Treasury yields have come down
-We are going to see an avalanche of issuance in the fourth quarter—when does congress raise the debt ceiling?
-Lack of effective supply in the treasury market has allowed treasury yields to come down, which is going to switch dramatically in the fourth quarter
-Markets are anticipating higher rates; Welsh believes the trend is going to be higher
-Inflation is going to be anything but transitory; either way, higher consumer prices are in the future
-Companies don’t have to worry about market share because all companies are in the same boat
-It was only a matter of time before the Taliban took over Afghanistan—it was just a question of when
-There are going to be repercussions for many years
-Have we turned the corner from the health issues that have been facing the world? The current wave of infection should likely peak soon and then recede—we should hopefully see cases come down soon
-If rates go up, this will most likely not lead to a stock market crash
-We will still see liquidity flowing in—just slightly less over time
-The dollar will probably benefit and strengthen in the next 12 months
-Gold and the gold stocks are at a make or break point
-Dollar strength comes from being better than other currencies, but in Europe, a crisis will most likely not come to bear
-There is so much liquidity, and people are trying to park it to get a positive rate anywhere they can
-Bank reserves are part of M2 money supply, and the money in the reserves isn’t getting into the economy
-If bank reserves turn into bank loans, then this has positive implications for economic growth and inflation

Useful Links:
Financial Survival Network
Macro Tides

Summary:
Where is money flowing from, and where is it going? Today, Jerry Robinson and I get on the podcast to address this question in regard to foreign affairs, cryptocurrency, and the precious metals. Robinson and I discuss some of our most universal pointers for building wealth, which at its core is achieved by diversifying your investments. Tune in to hear specific examples of how this sort of investing looks on a larger scale, and to learn how you can acquire more information and resources on this topic.

Highlights:
-Where is the money flowing from, and where is it going?
-Understanding money flow allows you to view the world from another perspective
-China’s fortunes have shifted recently. For years, they have outsmarted the US and have been underestimated by Washington
-The top media outlets spent five whole minutes talking about Afghanistan last year. This year, there is breathless reporting on Afghanistan
-The US has miscalculated China’s ambitions, as well as in other military missions around the world
-China is negotiating new deals with Afghanistan, and using their soft power to do so
-Immanuel Kant’s saying that ‘commerce prevents war’ is relevant in this circumstance
-China is using economics, while the US is using brute force and creating more enemies
-China is a producer, while the US is an expert consumer. We need to get ready to call ourselves #2 in reference to them
-Robinson’s outlook on crypto is that it is an asset class. If you’re going to be in the asset class—which you should—you should be limited in how much you expose yourself to
-Social media presents a full blown display of the ignorance around investing
-People often look at asset classes and think they are only going up; thus, they opt to go all in, which isn’t necessarily a good idea.
-Put a nickel out of every dollar into the best cryptocurrencies every two weeks
-We expect Bitcoin to reach a new high by the end of the year, because Bitcoin plays out according to a cycle—which is quite discernible
-It will probably fizzle out between Q1 and Q2 in 2022
-Gold and silver remain in long term up-trends
-New long term down trends arise for SIL and GBX
-In times of mass inflation, gold and silver are the hedges
-Gold and silver have not lost their inflationary statuses, but this year has produced a bit of an unpredictable outcome
-Follow the trends/money/in-flows, and prioritize these above mere opinion
-There used to be a connection between inflation and interest rates
-Rising prices are most likely going to accelerate over the next 50 years, so it is necessary to take action now to protect your finances. Washington is not changing their thinking, so we must change ours
-The only way to protect yourself is to have a financial plan rooted not in opinion, but in real logic and history
-Don’t go all in on one thing—the government can alter rules at any time, so it is important to diversify your investments

Useful Links:
Financial Survival Network
Follow the Money

Summary:
Today we have the creator and owner of Practical Wealth Advisors, Curtis May, on the podcast to discuss how you can build your wealth without the assistance of Wall Street. As a close friend of the Financial Survival Network, May also promotes the idea that Wall Street’s goals do not align with the financial freedom most people are seeking. Rather than just utilizing various tactics and strategies, May advises than you have a structured plan and an awareness of the principles that will get you to your financial end goal. Tune in to get information on how you can acquire some of this advice, and to hear from an individual that can create a plan to fit your needs.

Highlights:
-We’ve been somewhat anti-Wall Street since the start
-Curtis May is the the creator and owner of Practical Wealth Advisors
-Wall Street doesn’t always have your best interest—how can one build their wealth without the assistance of Wall Street?
-Two schools of thought when it comes to money: the accumulation theory (what they sell you) and corporate finance, which closely resembles what actually plays out
-It is important to be aware of the two different games being played
-Investing is a plan—not a product or procedure
-Most people use tactics and strategies but lack an overall plan, which is typically to become financially free. This, however, is not Wall Street’s goal for you.
-May’s purpose is to teach people how to become financially free, and the steps to take to get there
-In terms of goal setting, May tries to ask people what they want, and why. Most people know what they don’t want, but it is sometimes more difficult to pinpoint what they do want
-May’s ideal structure is ‘wealth in a decade’ which entails financial freedom in ten years or less—he is focused on teaching people the principles
-Find out their goals, but give them principles to work with so that they don’t repeat the same mistakes over and over again
-May specializes in risk-factors and defense (i.e. stable will and insurance) creating a wealth coordination account
-Saving should be safe, accessible, and guaranteed
-As your knowledge goes up, your risk goes down; Wall Street is all about risk tolerance and accumulation
-Risk means probability of loss
-May assures that the client is a good fit for the company, followed by a financial questionnaire, an assessment of what they’re doing now, and if what they are doing will take them to where they want to be
-May goes off of a membership model so that the clients can learn—almost like being part of a club

Useful Links:
Practical Wealth Advisors
The Practical Wealth Show
Financial Survival Network

Summary:
Myself and former attorney Scott Reib get on the podcast today to discuss how people in the legal sphere clear up misinformation and minimize risks for various tasks. Ultimately, it comes down to getting professional, legal advice when you are operating a business rather than performing an internet search. Each circumstance is unique, and it is crucial to consult a professional that can point you in the right direction, and serve as a second pair of eyes. Tune in today to get indispensable advice from Scott Reib, who is published and currently offers consultation on this topic.

Highlights:
-There are so many statements about what people think the law is, and all too often, they are wrong
-How do attorneys clear up misinformation and calculate/minimize risks for various endeavors?
-Scott used to have an hourly model that didn’t work quite as well
-He switched to a subscription model so that clients can call him whenever rather than resorting to the internet or other resources
-A lot of people start businesses as proprietors without and LLC, or create an LLC incorrectly and lack a proper agreement
-Other times, people have very poor contracts with ambiguous/conflicting language or holes
-People lack to protect their brand, neglecting to trademark or copyright it—which results in this content getting pirated
-Siri does not necessarily hold the answers to complex legal questions. Every answer depends upon the particular circumstance
-There are so many simple things that attorney’s don’t think of, and it’s helpful to have a second pair of eyes to correct you when something is wrong. You can’t wear all of the hats.
-Legal advice you get for free is worth exactly what you paid for it
-Make sure you’re never running multiple businesses out of one entity, and keep your hard assets in a holding company
-Running with one LLC is good, but it does not protect all of your assets
-Make sure you have all the insurance you can afford

Useful Links:
Financial Survival Network
Reib Law
5 Proven Strategies To Shatterproof Your Business

Summary:
Is flipping houses the way to go, or is commercial real estate a more opportunistic pursuit? Listen to today’s episode to listen to myself and Mike Sowers discuss some of the benefits in flipping commercial real estate—and get insider tips on how to do this effectively. Sowers emphasizes the value in focusing on deals that add significant value to a property; one must consider what it is going to be worth to someone who will occupy it, as well as what comparable properties sell for. Sowers breaks down some of the strategies for mitigating risk within this industry, and provides an economical justification for investing in properties such as office spaces.

Highlights:
-It is possible to get higher returns investing in commercial real estate?
-Is flipping houses all it’s cracked up to be? It is a great first step for many investors. However, you don’t have to go into flipping houses to start—you can go directly into flipping commercial and skip decades of steps.
-There are a lot of sectors of commercial real estate, which can be broken into four categories
-Within the categories, there are different niches
-Sowers’ business is interested in deals that will add significant value to the property
-Only buying properties where you can create value that worth more than it costed to create the value
-There are two ways to sell/value real estate: what is it going to be worth to someone who is going to buy/occupy it? What do comparable properties sell for?
-A financial buyer/tenant values properties differently
-It can be beneficial to buy multi-tenant properties that have problems (i.e. property/people problems, partnership disputes, etc.)
-Focus on properties where you can increase the income stream
-Good strategies and system mitigate risk
-Sowers is particularly interested in the suburban office sector, because it has a much higher perceived risk than real risk
-From a demand standpoint, apartments feel less risky to invest in, but from an economic standpoint they pose a much higher risk
-How does this play into the work-from-home setting? Some of these shifts are taking place, but they’re not as extreme as people think they are. This transition actually makes it a good time to buy office spaces at lower costs, and still rent them out for a higher cost.
-There are different incentives you can offer to get people to decide to lease (i.e. free rent for a small period of time)
-Sowers targets small business owners
-Being able to accurately predict the future value of a property and estimating the costs to do so are both required to be able to successfully flip commercial real estate
-The active and passive partners have different roles in the process and maintain a symbiotic relationship

Useful Links:
Financial Survival Network
Mike's Book
Get in touch with Mike

Summary:
All of the madness is coming to a head in the housing market, so today, Wolf Richter and I get on the podcast to discuss what exactly is happening with buying and selling homes as a result of the current economy. San Francisco in particular is experiencing an interesting circumstance: seasonality is returning, which has been absent for most of the pandemic. We are seeing a rising market as well as individuals eagerly spending more money, which is stimulus driven. Tune in to hear about the interesting dichotomy between the economy and housing market, and what is to come in this industry.

Highlights:
-All of the madness is coming to a head in the housing market
-People are reducing their asking prices—how can this be?
-Every local market is different. In San Francisco, it is dominated by condos and has not gone anywhere in three years in terms of price. House prices have sky rocketed with a medium price at $2 million, dropping by 8% in July
-Seasonality is returning, which we have not seen throughout the pandemic
-Medium price dipped for single family houses, and for condos it jumped
-The volume fell quite a bit; prices dipped a bit from the peak
-There are very elevated prices at the moment, and this poses an issue as incomes do not match
-Drops in prices bring buyers out
-A lot of supply is coming on the market — this is the most new houses we’ve seen on the market since 2008
-Mortgage rates are still extremely low by historical standards. If mortgage rates go up, what will happen to the market?
-The Fed is already talking about tapering its asset purchases, which will likely happen this fall. This affects mortgage rates and long term interest rates
-The trend now is buying rental homes close together, which is more efficient than having single family homes scattered
-In a rising market, foreclosures are extremely rare
-We don’t have the situation of short sales
-Does the shadow inventory still exist?, or have banks flushed this out This is pretty much gone, according to Wolf.
-The carrying costs of vacant homes are very high, so this will probably bring more properties to the market
-What does the housing market tell us about the broader economy? Every time there is a shortage within the economy, we see prices rise.
-People are still eagerly spending money, which is stimulus driven
-States are sitting on a lot of money they haven’t spent yet, which will be put to use soon
-We are in an overstimulated economy - red-hot demand with supply constraints

Useful Links:
Financial Survival Network
Wolf Street

Summary:
John Rubino and I discuss what’s new with precious metals, Afghanistan, and lockdowns on today’s episode. Gold and Silver recently fell hard—going in the opposite direction as stocks—but miners are still making decent profits and it is an ideal time for the operation sector. We delve into the US’ exit from Afghanistan, which went so poorly because soldiers were removed prior to American citizens and millions of dollars worth of military gear. This has a number of negative implications going forward, and could pose threats to the US government. Furthermore, Rubino and I investigate the newest COVID lockdowns in France and Australia, and the protests that shed light on thoughts around the new variants and what to expect in the near future.

Highlights:
-Looking at what happened with gold and silver: they had a flash crash
-The precious metals fell hard, but stocks did not - asset classes going in opposite directions, and one of them had to be wrong.
-The new COVID variant gives the fed the excuse to continue with QE and artificial and low interest rates, even in the face of higher inflation
-Miners are still making good money, so it’s a good point in time for the precious metals operation sector
-With Afghanistan, this is perhaps the worst we’ve ever seen. Rubino says that our exit from Afghanistan was poor because we removed soldiers prior to American citizens and millions of dollars worth of military gear
-This sends a message to other predators around the world that they have somewhat of a free hand now
-There is an opportunity for other governments to get what they want with not as much risk. Militarily, this is terrifying.
-This circumstance may remind one of the 1970s
-We really could use leadership, which seems to be absent at the moment
-With the current leadership in the US, there are many other distractions - we place much focus on domestic terrorism, racism, etc. that don’t fit within other larger military issues
-The Darwin Effect: people sense weakness, and take advantage of it, and this is how geopolitics works - you get what you can.
-We have to lump the US in with the group of predators in the world - there has to be a balance of power such that no one indulges their predatory instincts
-There’s going to be a big fight on divvying up Afghanistan, and the US will not be running the show
-We’ve created the conditions for turmoil and for fairly extreme things to happen
-Geopolitical circumstances, inflation, and labor shortages contribute to these conditions
-There are a lot of low probability events that contribute to a high probability event
-Ongoing demonstrations in Australia and France over lockdowns
-Primarily middle class protestors - these are the people most frustrated by these lockdowns
-The government put no emphasis on therapeutics in regard to COVID treatment/vaccination
-80% of people who perished from COVID had Vitamin C deficiencies
-There is a desire to eliminate the control group so that we will only know what will happen if people are vaccinated

Useful Links:
Financial Survival Network
Dollar Collapse

Summary:
Today on the podcast, Octavio Marenzi and I discuss the struggle to learn from history in addressing the ongoing issues in Afghanistan—to which no empire has been able to prevail. We discuss the financial consequences of this defeat; Marenzi expresses that we will perhaps see a period where it is increasingly difficult to get large military budgets passed. For defense contractors, it is a massive gain to not win, and we see that corporations and governments have their own overarching interests and agendas. We recap fluctuations in Gold and Bitcoin, and Marenzi provide useful insight into the future of these currencies and responses to expect from the Fed.

Highlights:
-Setback for the US and western civilization - humiliating withdraw of the United States
-It was inevitable once we decided to stay there
-The only thing we learn from history is that we don’t learn from history.
-Comparing the fall of Carpel to the fall of Saigon
-Other empires have been involved here - the Soviet met their final defeat from Afghanistan
-Even Alexander the Great met his undoing in this area
-No empire has been able to conquer it, and it is somewhat similar to the China/Vietnam situation
-throughout history, the Chinese have always been concerned about maintaining power internally rather than externally
-We would think that defense stocks would skyrocket
-In one day of war, they can make more money during a year of peace
-Marenzi thinks we are going to see a period where it is very difficult to get large military budgets passed
-Military spending is perhaps going to be significantly curtailed
-The US will probably be more careful from here on out with getting involved in foreign matters
-The US could have withdrawn at a different time
-Afghanistan has never been an advanced economy, and the nation building seemed to be flawed from the very beginning
-Perhaps the goal was not to win, but to earn as much money as possible
-For defense contractors, it is a massive gain
-Corporations and governments have their own interests and agendas, and the more military hardware they can sell—the better
-We have never seen so much money spent with so little results - what is the return on investment? It seems to be much less than zero
-What’s next? Joe Biden has been weakened by this, and has undermined many alliances around the world. He seemed to be the steady hand in foreign policy, but has now found himself in the worst debacle in American foreign policy
-As long as the Fed keeps buying bonds, the market will go up because of the wall of cash coming in monthly. At some point, the fed will have to rethink this but it doesn’t seem as if we’re close to this yet.
-Marenzi predicts we will probably go back and replay the last year in terms of vaccine mandates and lockdowns
-Is gold going to go higher? It seems to be stepping sideways, and has not necessarily followed the inflation pattern
-Maybe we should put our money in crypto? It seems to give gold some competition
-Central banks around the world will perhaps become more skeptical of cryptocurrencies, and will not give up the ability to print money very easily
-Governments will either shut cryptos down, or regulate them very heavily—we will ultimately come back to gold

Useful Links:
Financial Survival Network
Opimas

Summary:

How can businesses re-connect with customers as the world opens and we exit the health emergency of the last year and a half? Today, John Paul Mendocha comes on the podcast to address how to effectively engage with your clients in the current economic and cultural climate. We dive into meaningful customer outreach, and John presents the benefits of using communication platforms—specifically Slack—to provide valuable information to clients and give top tier service. Tune in to receive advice on customer relations that will help your business thrive during this time of transition.

Highlights:

-How can businesses re-connect with customers as the world opens and we exit the health emergency of the last year and a half?

-What do we tell our clients?

-Mistakes people make are losing contact with their customers and getting enveloped by the current problems. We need a clear message to the marketplace that we are moving forward and ready to do business

-Talk about what you can do for customers and move forward that way today

-Effective customer outreach required - find out the best way to get in touch with them

-John gives a great example: he has a Slack channel with his customers, which makes them feel like they are part of a community as it allows them to communicate with one another

-One can invite their best customers to learn about Slack - they can receive information in a ‘narrowcast.’ This is an opportunity for businesses to engage more with customers

-It is important to be subtle: don’t weave your product or mission statement into every message; be intentional and only share useful information

-Slack is a method of externalizing to marketplaces

-Ultimately, Slack is well suited for the current cultural and economic climate: it allows us to ease back into establishing close relationships between businesses and clients while still providing top tier communication and services.

-Acknowledge problems that need to be solved, and be open to talking about them and coming up with solutions

-When you’re in a business relationship, you need to take 100% responsibility for the communication

-If you have a social media, post consistently throughout the week with some posts based on business, and others focused on researched topics, values, etc.

-Share positive and intriguing findings

-Ask yourself: How many different ways can I engage with the customer/prospect?


Useful Links:

Financial Survival Network

Position to Win

Slack

Summary:
If your business operates on a web platform, it is crucial to possess a thorough understanding and appreciation of cybersecurity; this is a practice that can either make or break your business. Today I speak with bestselling author Robert Siciliano about the precautions one can take to evade cyberattacks and identity theft, which are incredibly common in the digital realm of business. Proper cybersecurity and a knowledge of how to deal with attacks/attempted attacks can save you and your business a load of trouble in the long run. Tune in to find out more.

Highlights:
-It is important to know what precautions to take to avoid identity theft
-Bestselling author Robert Siciliano tells us that ransomware is an epidemic: it affects healthcare, manufacturing, etc.
-Businesses are paying millions of dollars in ransom
-The bad guys have gotten very skilled in what they do, especially in terms of organization. They function as legitimate businesses. Team members are able to get access to usernames and passwords, and get people to click links so that they can operate from the inside
-They gain access to the insides of networks and then stop these networks from functioning
-Insurance companies end up paying for this ransom
-Everyone needs proper security awareness/appreciation training
-Cybersecurity insurance is the fastest growing sector of insurance
-Any computer with valuable data should have at least two backups

Useful Links:
Safr.me
Financial Survival Network

Summary:
Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off—you need specialized knowledge to do so. Today we hear from Ahmie Bahm, a financial advisor with clientele of business owners trying to transition to retirement. The sooner that business owners prepare for the inevitable transition, the better, and Ahmie explains the criteria for a successful exit/succession that every business owner ultimately experiences.

Highlights:
-Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off
-Ahmie is a Financial advisor with clientele of business owners trying to transition to retirement
-It is good to help business owners sooner rather than later to deal with the inevitable transition
-In most cases, the SBA is not part of the transition process—it’s about following a time-strategic recipe to transition effectively
-It’s not if you’re going to leave the business; it’s when
-The criteria for a successful exit/succession is maximizing the bound, mitigating taxes, making sure you can cash flow your life into old age, and making sure you stay in control of the process
-Family businesses fail by not having the right people involved/an insufficient management team, and not having the resources to deal with different problems that arise
-Generational conflicts can come up and it is critical to know how to deal with these
-It is good business to constantly be running your business for sale
-When you start your business, it is imperative to have an exit strategy
-The best successes occur with business owners that stay out of the middle: they can still be the leader, but every decision cannot revolve around them
-Keeping the eventual exit in mind pushes owners to look to the future
-It is important to make sure that your accounting is done properly, and to consider that the buyer is the professional—they will determine what contributes/takes away value

Useful Links:
Financial Survival Network
Interchange Capital Partners