Summary:
Elliot Fixler comes on the show to share his story and discuss his book, Full Circle, where he talks through the journey of finding his identity. Oftentimes we don’t ask questions about history—specifically our own pasts—and this can be very hindering. Elliot explains his grapple with this emerging from a family that lived during the holocaust, and his story is incredibly moving. Tune in for more information.

Highlights:
-People try to erase, cancel, and ignore history
-When you understand history, you can learn something from it
-Elliottis a recovering attorney from New York, and comes from a fascinating background. Born in 1944, World War II was winding down as Elliott came into the world
-Elliot and his Mother eventually got out of Budapest and relocated to Buffalo, New York
-One of his motivations for writing the book was that he didn’t ask a lot of questions about his origins/his mothers origins, and he wishes that he would have
-Elliot grew up thinking that his step-father was his biological father, but this was not true
-His real Father died in the holocaust, or at least this is the account he was told, but he never asked any questions
-Attorneys learn to analyze everything, which needs to be taught more in this day in age

Useful Links:
Financial Survival Network
Full Circle

Direct download: Elliot_Fixler_02.Sep.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
If you’re looking to close the holes in your financial bucket, you’ve come to the right place. Douglas Eze comes on the show to talk about some of the ways he helps business owners acquire the guidance/education to achieve financial success. Although our concept of “financial success” has changed over time, people want to collectively protect their income and keep more of their money whenever possible. Tune in for great advice from Douglas.

Highlights:
-Douglas’ goal is to provide business owners the guidance/education to achieve financial freedom
-Our working definition of financial freedom has changed
-Douglas aims to help people close the holes in their financial bucket—analyzing each area of their finances and determining what people are doing wrong
-He frequently sees issues arise with paying mortgage
-Taxes are generally your biggest expense. If you can find a way to spend less of your earned money on taxes, then you can improve your finances
-Postponing taxes doesn’t help either
-You have to adopt a different mindset of viewing your income/finances
-You have to think outside the box; what used to work doesn’t work anymore. People have lost lots of money in their 401k. The key is being able to protect your money

Useful Links:
Financial Survival Network
Largo Financial Services
Have Money Forever

Direct download: Doug_Eze_30.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
High natgas prices are directly related to what’s happening in Europe. With $10 natgas and the potential for even more surges in price, it’s helpful to get an insider perspective on what’s happening. Grant Norwood, Founder of Norwood Energy, is at the forefront of these energy problems and explains some of the variables that make this energy market different from anything we’ve ever seen before. Tune in for expert insight.

Highlights:
-The high price of natgas right now is directly related to what’s happening in Europe
-We’re seeingt $10 natgas and could potentially go a lot higher than that
-Grant’s company, Norwood Energy, is at the forefront of all of this
-Why is this different than any other energy market we’ve seen in this country before?
-There are many shortages in other countries, and we’re exporting a lot of natural gas. We had a warm summer with 2 devastating winters, and a lack of investment in drilling and exploration over the last couple of years
-The labor shortage for drilling oil and inflated cost to drill a well are also contributing to this problem
-We’re probably headed back to where we were in the middle of the second quarter
-Oil is a boom and bust business

Useful Links:
Financial Survival Network
Norwood Energy

Direct download: Grant_Norwood_30.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Powell's Friday speech: Tightening will continue longer than the markets expected. Stocks tank.  Housing is rolling over big time.  Europe's energy crisis is shutting down big parts of its economy. Austria's largest energy supplier, is insolvent — requires 1.7 billion euros to remain liquid, according to local media. The raid on Trump's house was either brilliant or stupid, depending on the objective.  Gold and silver are languishing while all of the above gets sorted out. Lots of bargains in the mining space. Meanwhile, tons of bullion is being taken off the market by central banks and investors.   Uranium is taking off as everyone restarts their mothballed plants.

Direct download: John_Rubino_29.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
As the stock market has corrected, we’ve found that crypto is not the safe haven that many investors assumed it to be. Here to talk about this is Eddie Yoon, specializing in business growth strategy, and he explains the relationship between cryptocurrency and the rest of the market. While gold and real estate may not move in sync with the stock market, Bitcoin is a different story. Tune in for more insight.

Highlights:
-Inflation numbers are a little less devastating than they were last month, but they’re still going up while consumer sentiment goes down
-Cryptos and Bitcoin are at a high, but overall, the charts look negative
-The job market still appears to be holding fast and strong; is the consumer sentiment wrong? Or is there more going on beneath the surface
-Eddie says that more than one thing can be true at the same time
-Things like travel have helped keep the economy going 
-Inflation should be coming down towards the end of the year
-A lot of this is the Fed over-responding (i.e. temporary supply chain shocks)
-The consumer has figured out that trusting large institutions is a risk
-We’re going to see a dramatic shift away from classical employment
-With cryptocurrency, the major consideration is whether you want to put your trust in the US government or not
-The native digital lifestyle has become extremely prevalent, and we’re likely to trends that reflect in where people choose to live
-People have recently discovered that cryptocurrencies aren’t necessarily a non-correlated asset
-When the stock market goes down, things like gold or real estate might not go down with it
-As the stock market has corrected, crypto has as well. It is not the safe haven that people thought it was
-Those who had invested in crypto from a diversification theory had a rude awakening
-Cryptocurrency has not proved to be functionally useful yet because of its volatility, but we’re still in early innings

Useful Links:
Financial Survival Network
Eddie Would Grow

Direct download: Eddie_Yoon_29.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Inflation continues unabated in the US and abroad with no signs of it coming under control, and this is very prominent in the gold market. The owner/President of Miles Franklin Precious Metals, Andy Schectman, comes on the show to give his perspective regarding what is next for gold in light of increasing rates and fluctuating currency. We’re entering a system dominated by commodities, and this has many implications for the future of gold and the economy.

Highlights:
-Gold took a bit of a hit, and inflation is going up
-The ideal of every nation is being able to print as much money as needed while keeping inflation down; this inevitably requires dishonesty
-Politicians always choose inflation over austerity
-GDP has contracted two quarters in a row, and if it weren’t for the lying statistics, the numbers would look a lot different
-The relationship between the supply/demand of the East and West is breaking down
-We’re entering a system dominated by commodities

Useful Links:
Financial Survival Network
Miles Franklin

Direct download: Andy_Schectman_26.Aug.22.mp3
Category:general -- posted at: 8:01am EDT

Summary:
How much further are rate increases going to go, and what effect is this phenomenon having on housing? Mortgage expert Debbie Bloyd comes on the show to talk about this topic, and amidst the shifting conditions of the market, she is still seeing many successful closings and business growth. The market has become a bit more tame, which means that we can expect to return to a pace that we’re used to. The current circumstances have caused buyers to re-evaluate what they can buy, however, with many being less qualified to afford higher priced homes. Tune in for more information.

Highlights:
-Rates are up and going higher
-When Jerome Powell speaks, markets listen, and markets take notice of the rate increases as well
-How much further is it going to go, and what effect is it having on housing now
-There is a lot of movement still out there, despite rates bouncing around
-The market is more tame now, and we’re probably going to return to a pace that we’re used to
-Less people are qualified to afford the homes they want, and people are changing what they can buy
-We’re seeing exoduses out of certain states
-The building of a house is going to take six months to a year and a half now; we still have shortages of labor, but we’re gradually gaining the surplus back
-Demand is high at the moment, and people are waiting for prices to come down—which is not going to happen any time soon
-It’s important to be able to make adjustments and buy what you can afford

Useful Links:
Financial Survival Network
DLB Mortgage Services

Direct download: Debbie_Bloyd_26.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Have you given thought to the digitization of carbon markets? Ben Jeffreys, the CEO of ATEC comes on the show to discuss carbon credits and how this concept contributes to the renewable energy transition. ATEC’s mission to decarbonize cooking is just one of the strategies that can aid in offsetting emissions, and the results of these moves towards renewable energy could be seen as early as 2040. Tune in for more information.

Highlights:
-What do we think of digitization and carbon markets?
-Carbon credits underscores a lot of what we don’t actually know about carbon emissions and digitization
-Carbon credit is essentially the ability of offset your emissions and pay for that privilege
-We’re trying to transition our entire energy structure, which is no small feat
-Most energy transitions, historically, have been taken care of by the market
-Is it worth bankrupting the world to go about this transition, or do we let the market take care of it?
-If you look at what is happening now, the market is already taking care of this transition
-How do you make money off of this? Many companies have committed to the energy transition to renewable resources
-What does a carbon credit go for? It fluctuates, but it’s sitting around $9-$10 per ton
-2040 is probably a realistic goal for when this transition will come to fruition
-Globally, we are trying to bring universal access to energy
-The transition is not coming because of government policies, but in spite of government policies

Useful Links:
Financial Survival Network
ATEC

Direct download: Ben_Jeffreys_24.Aug.22.mp3
Category:general -- posted at: 8:01am EDT

Summary:
Rates are going up for the foreseeable future. What does this mean for unemployment, the forthcoming recession, and our economic well being? Jim Welsh has conducted thorough research on rate increases and unemployment, and comes on the show to share his finds. Using data trends that span back to the 1950s, Jim projects what the near future will look like—with a recession guaranteed in 2023—and notes some of the looming indications of this global recession.

Highlights:
-Jim starts at the year 1950, looking at inflation rates and increase in unemployment rates
-The fed funds rate went up 90% from where it started from
-The stock market is not cut out for an unemployment rate above 5%
-The risk of recession has been high, and now that the Fed is above neutral, we’ll see a recession in 2023
-Most of the people with savings are those in the upper 50% of earners—we’re seeing unbalanced consumers
-There are some real stress areas in the economy, but those are the reasons why a recession starting this year wasn’t likely. Rather, we will see one next year
-Europe’s energy prices are extremely indicative of a recession taking place next year

Useful Links:
Financial Survival Network
Macro Tides

Direct download: Jim_Welsh_24.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Mortgage rates are up to 6%, which has doubled the cost of owning a home if you’re not buying with cash. How does this affect the opportunities that are out there? Chris Prefontaine, known in the industry as The Smart Real Estate Coach, sits down and chats with me about the most profitable strategies in real estate currently, and how you can generate cash flow/wealth in ANY market. It’s important to know which groups to target during certain periods in the market (i.e. for sale by owner) and this allows you to make money no matter what economic circumstances we’re facing. Tune in for more insight.

Highlights:
-Are interest rates positive, negative, or meaningless?
-Chris says that this is the best thing that has happened in a long time; the demand for the creative real estate space is huge. What people could once afford in terms of housing is no longer affordable. People can’t buy/sell the way that they used to
-When you can help buyers and sellers, you can create wealth
-You need to know where to fish—what sellers to speak with, and how to use crashes to create profitable strategies
-One group to “fish” in entails for sale by owner
-It’s important to be cautious about how you respond to the media. You need to be able to structure deals in ANY market—this is what creates cash flow/wealth
-You don’t need cash to buy property
-There is not one massive market, but many pockets of the market

Useful Links:
Financial Survival Network
Smart Real Estate Coach

Direct download: Chris_Prefontaine_24.Aug.22.mp3
Category:general -- posted at: 8:01am EDT

Summary:
As rates and dividends yields are going up, it is increasingly difficult to find higher returns in the current market. Joe Robert comes on the show to share his perceptions of the market right now, addressing real estate, digital assets, and various classes that are all being affected in the current economy. It’s important to change your investing strategy and adapt in light of the bear market we’re situated within. Joe also touches on his fund— the Robert Ventures Fund—which is in place to help you leverage opportunities in alternative asset classes. Tune in for more insight.

Highlights:
-We’re experiencing a slow-down/pullback
-Prices in the real estate sector will possibly come down by a few percent
-Some would argue we’re in a bear market, so you have to change your strategy and adapt
-When in doubt, don’t over-leverage, and be sure to have substantial cash reserves to jump on opportunity that presents itself and cover your debt service
-Leverage can be risky proposition; all loans should be at lower levels
-The real estate market will probably take 12-24 months to experience a price decline
-Crypto/stocks will probably see more of a ‘crab market’ for the next year—where things move less uniformly
-How do you know when to get back into the digital asset markets? Joe thinks that we have seen the bottom or will soon see the bottom
-With digital assets, there is no fundamental market. They trade off of emotion many times, and are based on which direction the market is moving in as a whole
-Is regulation in the digital asset market welcome or unwelcome? Some laws could definitely be put in place to create a better environment for everybody
-The US government is stepping in and can force exchanges to comply
-Joe has been a heavy real estate investor over the last ten years, and is in the process of setting up a fund that will offer excellent returns
-This is a straight yield fund

Useful Links:
Financial Survival Network
Robert Ventures

Direct download: Joe_Robert_23.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
In these days of declining markets, volatile prices, and elusive capital gains, you need to be thinking about cash flow—especially if you want to retire in the distant future. Mark Falter—founder and President of Mid-American Wealth Advisory Group—has been in this industry for almost 4 decades and shares some insightful advice. In this episode he explains how to spot good opportunities, and the process of creating tolerable risk profiles for clients based on account values and different market variables. Tune in for more of Mark’s informative perspective.

Highlights:
-Mark runs Mid American Wealth Advisory Group and has been in this industry for a long time
-How does he guide people to pick the right cash-flowing opportunities?
-Mark explains that there are lots of good opportunities, which are characterized by good/consistent dividends and good credit strength
-Interest rates will probably not reflect the 0.75 we’ve been seeing
-Inflation is cyclical and tends to carry on for a while
-Prices are going down, and people are changing many habits such as driving frequency
-Natgas hit a high at 998, and pulled back a little bit
-Natgas is showing no signs of backing off any time soon
-Costs for products such as pavement have gone up per square foot due to petroleum
-We discuss how to come up with a tolerable risk profile for a client. It’s important to judge the client’s temperament—paying close attention to their account values
-The key is to get yourself in a position where you don’t necessarily have to sell something when it’s down
-Rates cannot stay at their current level with real estate prices also staying the same

Useful Links:
Financial Survival Network
Mid American Wealth Advisory

Direct download: Mark_Falter_23.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Wondering how you can cut back on costs and decrease the effects of inflation on your day-to-day life? In this episode, Gordon Stein and I talk about some methods for doing exactly that. Gordon comes on the show to talk about his recent book, The Cash Flow Cookbook, and discusses how he went from cutting smaller costs (such as car washes) to making a career teaching others about this topic. Inflation in the US economy affects the cost of many necessities, but by mindfully spending and strategizing, you can minimize the effects of these price increases. Tune in for more insight.

Highlights:
-Every month, consumer credit goes up and consumers are in the hole
-The Cash Flow Cookbook can help you
-Gordon Stein was inspired to write the book when he found a way to get car washes for free; it was an effortless matter. He found the way to cut the costs of a few things, and make a list of these ideas. He eventually made a spreadsheet, book, and a speaking career about it
-When people think about saving money, they assume they have to give something up. The purpose of the book is to evaluate how you can save with minimal effort
-Your credit score can change the interest cost of your loan, your insurance cost, etc. by a large percentage
-We end up buying a lot of things we don’t use rather than shopping mindfully—especially when it comes to clothing
-Gordon helps clients free up cash to grow their relationship with their advisor
-It’s never too late to implement these strategies. If you start earlier, you can see your growth over time. Someone in their twenties can add a lot of wealth to their investing/retirement
-You can unwind the effects of inflation by cutting down on certain expenses
-It’s better to spend money on things you enjoy than spend more money than necessary on things you need

Useful Links:
Financial Survival Network
Cashflow Cookbook

Direct download: Gordon_Stein_19.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
With the appearance of inflation getting better and prices going down, is it a safe time for investors? Furthermore, what should you be investing in right now? Matthew Johnson from Johnson Wealth and Income Management comes on the show to talk about this. Growing up with a Father that ran a business himself, Matthew has always been attentive to things like interest, and has noted the way that inflationary effects have shifted over the years. Matthew debunks various misconceptions about the root of the problems, and addresses some of the things to be attentive to going forward.

Highlights:
-The CPI only rose at 8.5%, gas prices are going down…is it a safe time for investors?
-Why is this inflation different from the last?
-Johnson’s Father was a business manager, and he recalls learning about interest at a young age. He has been able to observe the way in which things have changed
-Inflation is not as transitory as people believe. One of the biggest misconceptions about inflation is the Fed being able to drive down demand. In reality, demand is not the problem; there has been little investment in the supply chain, which has been the real culprit of many problems
-There are so many areas besides gasoline that need to be addressed
-Stimulus checks increased the money supply, and the current issues we’re seeing are purely economic
-Matthew works to help people use the money they’ve worked hard to save as income

Useful Links:
Financial Survival Network
Johnson Wealth and Income Management

Direct download: Matthew_Johnson_19.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

We were joined by Fury Gold Mines’ CEO Tim Clark and SVP of Exploration Bryan Atkinson for a sponsor update. News has picking up in the past month and CEO Clark assured us that more is on the way.

Dolly Varden Silver's recent strike further underpins the thinking behind Fury’s recent sale of its Homestake project DVS. Fury became a 1/3 owner of Dolly Varden and is poised to benefit greatly from future developments there.

Fury in concert with Newmont upped their respective stakes in the Éléonore joint venture, buying out their partner Azimut’s interest in the project. The Éléonore South JV is located in an area of prolific gold mineralization and is 11km to the north of Newmont’s Éléonore Mine. According to CEO Clark, “The consolidation of the property ESJV is a key transactional milestone for Fury and a positive outcome for all parties. We see a tremendous amount of exploration upside in the joint venture and are thrilled to have a great working relationship with Newmont.”

It was Exploration SVP Bryan Atkinson's first time on the show. He reviewed the significance of this month’s drill results. Further drilling in the Hinge is yielding impressive results. Atkinson remarked that, “The Hinge Target is taking shape with an over 20% plus increase to the mineralized footprint of the Eau Claire deposit… As we have started to gain a better understanding of the geometry of the Hinge Target and narrow in on the sweet spot of gold mineralization, we are planning continued aggressive drilling.”

Multiple zones of high grade and broad widths of moderate grade, intercepts included: 3.50m of 4.79 g/t gold, 1.00m of 14.19 g/t gold, 3.50m of 5.86 g/t gold, 1.00m of 20.6 g/t gold and 17.50m of 1.29 g/t Au. This year's drilling is about 2/3 complete. Assay labs remain backed up, but more results are due in shortly.

CEO Clark is rightfully pleased with Fury’s accomplishments during the past year. With C$10 million in the treasury, there's no need to raise capital at current share prices. He’s convinced that a massive metals bull market is rapidly approaching and is quite satisfied with Fury’s vantage point and its unique position to capitalize upon it. Seasonality favors a run-up in the sector, come Q4 ’22 and Q1 ’23 and Fury is a likely beneficiary, which is why we’re holding our position.

Company website: www.FuryGoldMines.com

Ticker Symbol TSX and NYSE: FURY

Direct download: 062_Fury_Gold_FSN.mp3
Category:general -- posted at: 1:15pm EDT

Summary:
Can we start celebrating the “end of inflation?” Furthermore, do you have a plan for the changes inflation has brought about, and how these are going to affect your retirement plans? Drew Pelton comes on the show to talk about these things, and it’s extremely crucial—now more than ever—to consider whether your money will last through your retirement or not. There are multiple investing strategies you can look into if you want to focus on planning ahead, and Drew shares some of these in this episode. Tune in for more.

Highlights:
-Is it too early to celebrate the “end of inflation?” Political figures are claiming that we have hit 0% inflation
-Prices are still going up, and the issue remains. We may be seeing a lull in inflation with commodity prices taking a dip, but it is still happening
-Recently, the confidence index fell as consumer view of the situation weakened
-Other reports have showed consumer confidence being higher; people get excited when they’re missing the big picture
-Another important factor to consider with inflation is how to make one’s money last through retirement
-Drew’s firm emphasizes investing for dividends
-Will the economy revert to low interest rates/easy money? If the Fed is going to be smarter than they have been before, they will be smarter relative to the upcoming election. They’ll probably make more reasonable decisions
-84% of Americans do not have a formal retirement plan, which reflects within people’s financial planning. Some people don’t get as organized as they need to for the best results

Useful Links:
Financial Survival Network
Drew Pelton

Direct download: Drew_Pelton_18.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
What are some of the alternatives to small business financing? Stephen Sacks comes on the show to talk about some of the alternative methods for funding your business; luckily, there are many you can take advantage of if you’re willing to look. In the UK, there is £200bn in business and startup grants that is waiting to be allocated to companies. Tune in to this episode for advice from Stephen, and to learn how you can better fund your business.

Highlights:
-In business, it’s all about cash flow. Sometimes you have to arrange financing/equity in other ways, and there is a whole world of financial sources to master
-It’s good to surround yourself with people who are going to be honest with you and tell you the situation as it is
-It’s important to acknowledge what you don’t know, and take it upon yourself to learn or find someone who is an expert
-Stephen proposes a method for businesses to retain all of their equity and maintain ownership of business

Useful Links:
Financial Survival Network
Funding Nav

Direct download: Stephen_Sacks_17.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
The Fed increased the funds rate by 75 points, as they promised. How does this affect your portfolio? Mortgage expert and financial advisor Debbie Bloyd comes on the show to talk about where the housing market is headed with the shift in interest rates, and mentions various factors to consider if you’re looking to get in the market any time soon. It’s very important to be attentive to the current market and speak with experts that understand what real estate is like now, and it’s absolutely crucial to have a solid plan for this sector. Tune in for more insight.

Highlights:
-Debbie specializes in mortgages, and says that this will make it harder for people to buy the homes that they want
-People sometimes neglect to realize how good things are (i.e. lower rates) until they go away
-No one is going to relocate if they don’t have to because it will inevitably cost more
-The quality of the home you’re going to get with your money decreases as well
-When you buy down a rate, your buying power becomes stronger
-It can be frustrating because we want more than we can afford
-A lot of first time buyers are much older now—listening to advice from people who haven’t bought a home in 20+ years are are misinformed on the current industry
-If you’re in a state where many people are leaving, real estate prices aren’t going to increase as much due to lower demand. You can also get better deals on homes in these places
-Durable goods are getting more expensive; your house is going to be twice as expensive before you sell it
-It’s crucial to be intentional and have a plan

Useful Links:
Financial Survival Network
DLB Mortgage Services

Direct download: Debbie_Bloyd__jul28_16.Aug.22.mp3
Category:general -- posted at: 7:30am EDT

Summary:
What is going to happen in real estate as a result of the recession? I sit down and chat with Pranay Parikh in this episode, and we discuss the presence of high interest rates and housing shortages that are having major effects on the entire industry. We’ve already seen a 5-10% drop across the board, and it seems that successful real estate investing is a game of numbers. Tune in to hear more about what sectors of real estate to pay attention to, and what’s to come in the near future.

Highlights:
-How are you going to get through the recession?
-We talk about real estate, high interest rates, and what’s forecasted for this industry given the housing shortage across the US
-There has already been a 5-10% drop across the board
-What you pay a month is determined by your mortgage interest rate and the purchase price
-Could we go into a prolonged real estate bear market? The market is huge, and we have to be specific. When most people think about real estate, they things of single family homes
-Over the past 5-8 years, people have gotten into short and adjustable mortgages
-A lot of homebuyers and investors have a better idea of what they can afford
-The people on the sidelines who have been saving for years to buy a house are the ones that are going to get hurt
-Cap rates are going higher because cash flow is going down
-It’s all a numbers game
-Keep your eye on the sunbelt, because people are relocating there

Useful Links:
Financial Survival Network
Ascent Equity Group

Direct download: Pranay_Parikh_16.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Is the market still going up, or is it going to fall away? I have Andrew Arons on the show to address this topic, in which he is quite optimistic about the future of the markets. This optimism stems from a number of things we can observe right now; earnings are pretty good, and earnings inflation may have peaked. Looking forward, the market could possibly move higher in the next six months, and there are a few key stocks related to rampant consumerism that you should keep your eye on. Tune in for more insight!

Highlights:
-In May, Andrew was calling for a rally—which is happening now. How long is this going to continue?
-Earnings are pretty good; the market was scared about rising interest rates and inflation
-Earnings inflation may have peaked, and all of this is looking good for the market
-The market could also recover from the lows in June
-We’re looking out and seeing where things could be six months from now
-The market could possibly move higher
-There will be some volatility and resistance as we retrace
-Andrew likes stocks such as Amazon, Boeing, and other companies that thrive from lots of consumer spending (i.e. Disney)
-Overall, Andrew is optimistic

Useful Links:
Financial Survival Network
Synergy Advisory Management Group

Direct download: Andrew_Arons_15.Aug.22.mp3
Category:general -- posted at: 8:01am EDT

Summary:
We’re seeing huge signs that the economy is about to roll over—especially with the current commodity prices. John Rubino comes on the show to talk about this, and explains some of the trends that allude to the forthcoming recession. If oil and housing move in a particular direction, then the rest of the economy has to go in this direction as well. People are changing the way that they interact with the market, staying on the cautious side and feeling more inclined to sell. To hear more on what’s to come, be sure to tune in to this episode.

Highlights:
-There is a decent chance that the current quarter is negative, and this will carry us through to the election
-People are starting to save less money with alternative energy (i.e. electric cars)
-We’re in a transition that needs to be managed
-We’re headed into a time of very slow growth, which leads to people being nervous in the market. We could see a lot of big cap being sold, bringing it back down to fair valuation
-Some people would like to see the country divided—people are moving to other states because of their beliefs
-There’s lots of civil unrest in multiple European countries because of farmers being targeted.
-Things are too crazy right now for rational participation

Useful Links:
Financial Survival Network
Dollar Collapse

Direct download: John_Rubino_15.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Why are the next five years going to be different from the last five years on Wall Street? During the last five years, it was easy to make money, but Simon Ree thinks that the next five years (2022-2027) are going to be a lot different. According to Simon, the Fed has two options—which will either result in the stunting of economic growth or a repeat of the 1970s. His advice to people is to maintain a growth mindset, determining how and when to expose money to risk. Use the link below to check out Simon’s book on options trading, and tune in to this episode to hear some amazing market advice from Simon.

Highlights:
-In the previous 15 years, stocks have had a massive tailwind
-The balance sheet expansion has gone in reverse
-We’re experiencing inflation for the first time in four decades
-In the next five years, the Fed will either stick to their guns—having dramatic effects on economic growth—or rate hikes will stop and the 1970s conditions will come back to life
-Stocks are down, bonds are down, cryptos are down, but cash isn’t down
-Simon encourages people to approach things with a growth mindset: how and when do I expose my money to risk?
-Simon’s preferred method is to use technical analysis to pick out the best assets
-Monthly compounding is a better strategy for some, achieved through short term trading
-There is a shortage of residential housing, and this market is also going to be affected by rates
-The residential real estate market will not necessarily crash, but prices could come down 10%-20%
-If the fed maintains tightening, this could filter into unemployment
-His book on options trading is to help people become successful, independent traders
-He wrote the book to engage readers and simplify concepts in options trading
-In a bear market, you can’t ignore the counter-trend moves
-We’re in a structural down-trend, but don’t fall in love with bear market rallies and think that the worst is over

Useful Links:
Financial Survival Network
Tao of Trading

Direct download: Simon_Ree_03.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Many people go into one career but feel unfulfilled, and go on to find their calling in a different profession. This was the case for Pranay Parikh, who was once strictly involved in the medical field and decided to expand his career to real estate. He addresses how this dual career allows you to shape your medical profession in the way that you want—making passive money through real estate to avoid overworking yourself. Pranay has an equity group devoted to helping physicians earn passive income, so be sure to listen to this episode and check out his website to find out how you can get involved.

Highlights:
-If you’re able to make money outside of medicine, you can craft your medical career into what you want. Most people think that they need to be either all in or all out, which means that a lot of doctors in the industry are overworked
-The nature of practicing medicine in the US has changed dramatically over the last 30 years—it has become very de-personalized, which is a systems issue
-If you make passive money in real estate, you can spend more time with your clients without being concerned about not making money for that extra time
-Doing real estate passively and working with people that help you manage your investments can help you save time while being involved in the industry
-Many factors are influencing this passive income and the industry. A lot of people want to buy a house but are getting priced out

Useful Links:
Financial Survival Network
Ascent Equity Group

Direct download: Pranay_Parikh_01.Aug.22mp3.mp3
Category:general -- posted at: 8:00am EDT

Summary:
The markets are at the mercy of the federal reserve right now. What do you do about it? Dudley Baker has been through many downturns and bull markets, and gives his take on the volatility in the markets. The mining sector has taken some hits, and many investors have endured losses because of this. Dudley is confident, however, that the mining sector will take off in the near future. This is not a sector where you can get in and out; rather, it’s going to require patience and a lot of focus on its movements. Tune in to hear more insight from Dudley.

Highlights:
-It’s important to have trusted individuals to look to as mentors during this time
-There are a lot of companies right now with stock warranties that are trading
-On a good day, the mining sector is terrible—there is no long term growth, and it is a cyclical environment
-There is no confidence that upside moves in mining will last
-Dudley is confident that the mining sector will take off at some point in the near future
-If you’re a trader trying to get in and out, the mining sector is probably not for you
-The one year chart is far below its one year low
-The focus is very much on uranium—there’s going to be a winner for the twenty cent range
-When uranium spikes, there’s no saying how high it could go
-This sector will have its day in the sun one more time

Useful Links:
Financial Survival Network
Common Stock Warrants

Direct download: Dudley_Baker_01.Aug.22.mp3
Category:general -- posted at: 8:00am EDT

Summary:
If you’re wondering how exactly to get into real estate, you may want to consider the world of wholesaling. I sit down and chat with Grace Mills, who has coached over 300 people on making profits in wholesale real estate. To get into this area of real estate, it’s important to take inventory of your current resources and understanding, and decide what your overall goal is. She also talks about different marketing methods—especially the ones that are overlooked—and which ones can be the most effective. Tune in to hear more of Grace’s knowledge on wholesale real estate.

Highlights:
-We’ve been bullish about real estate. Even though it’s a market like any other, there are housing shortages, demographic trends, and other factors that are unique to real estate
-This episode focuses on wholesale real estate
-Grace initially got into this industry in efforts to pay off some of her student loans
-She started working full time for a real estate investment company
-She had an opportunity to transition into acquisitions, but was more intrigued by helping other people making money
-If you want to get into wholesale real estate, first pinpoint your end goal. Then, consider where you would want to do wholesaling. You can do it in the market you’re in, or do wholesales virtually in a market you’re not in. Third, take inventory of your current understanding and resources
-The best marketing channel is an inbound strategy
-Utilize a marketing channel that has always been out there. A surprisingly effective medium can be the radio
-Direct mailing is still a bit over-saturated
-If you’re always in business to solve a problem, you will stay in business
-Pay attention to the market and pain points that drive people’s decisions
-You need to use marketing to first attract the seller and pitch them a plan for how you will help them. The other piece of your marketing is the disposition—moving the property to an actual buyer
-There are lots of Facebook groups for real estate investors, and these are great places to introduce yourself
-Build a flyer to give people information about a property

Useful Links:
Financial Survival Network
Wholesaling Inc. - REI Radio Program with Grace Mills

Direct download: Grace_Mills_31.Jul.22.mp3
Category:general -- posted at: 8:00am EDT



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