Kerry Lutz's--Financial Survival Network

Summary: We’re seeing a lot of trends in the economy with specific regard to employment—as more companies announce mass layoffs, there seems to be a larger factor at play. Eddie Yoon joins me in this episode to talk about the grand shift that is taking place in the professional sphere, fueled by the transition from a knowledge-based economy to a creator-based economy. What this means is that the qualifications that were once absolutely necessary for white collar careers (i.e. college education or higher training/certifications) are becoming less valuable for particular roles; subsequently, some of the roles themselves are now obsolete. We’re seeing a major decrease in roles where one’s responsibilities would entail managing other knowledge workers, which is massively impacting the job market as a whole. Furthermore, Eddie and I discuss other future innovations, such as artificial intelligence, that are already shifting things within the economy and the employment sphere. Listen in for more information and insight.  Useful Links: Financial Survival Network Eddie Would Grow

Summary: The crypto space is melting down, and we’re looking at a potential laundering scheme with donation funds. The Founder of Robert Ventures,Joe Robert, comes on the show to talk about the current state of cryptocurrency, and outlines some important things that he has learned over the last year. The crypto movement is ultimately about taking custody of your own assets, and it’s crucial to assess sustainability in the long term when it comes to digital assets. Joe recommends a few solid cryptocurrencies to invest in right now, and provides expert knowledge on holding digital currency. Highlights: -Many theories are circling, but we don’t have the full picture yet -When you have money that can be easily made, a lot of people show up on the scene and problems can arise. People try to take advantage of the situation -The loudest players end up being the people that get in trouble -Robert has learned that the ethos around the crypto movement is taking custody of your own assets so that no one can put them at risk -In any market, if the yield seems unreasonable, it typically always is. It isn’t sustainable over a long period of time -In a bad economy, you’re more concerned about return of investment rather than return on investment -When will it be time to get back into crypto? Bitcoin and Ethereum are safe bets at the moment -Anytime data integrity is necessary, the blockchain is going to be involved -Even as tens of billions of dollars have been invested, there are still busted trades Useful Links: Financial Survival Network Robert Ventures

CEO Peter Dembicki and Exploration SVP Christian Rios gave us a sponsor update on Tier One Silver (OTCQB: TSLVF – TSX-V: TSLV). The latest channel sampling results from the Magdalena Target at Hurricane were reviewed. While the ultimate proof is delivered by the drill bit, these results show that Tier One is likely on to something big. They found 1 meter of 852.5 g/t silver, 1.54% copper, 0.34% lead and 0.23% zinc: 1 m of 522.5 g/t Ag, 1.15% Cu, 0.18% Pb and 0.18% Zn and 2 m of 232.5 g/t Ag, 0.37% Cu, 1.06% Pb and 1.78% Zn. Mineralization at Magdalena has been extended by 500 meters. So far 4 kilometers of vein corridors have been identified.  SVP Rios related, “It’s exciting to see the Magdalena target significantly expand after just 15 days of field work. Mineralization is present across horizontal and vertical extents with more than 150 m in vertical exposure and two levels of historical underground workings. Additionally, we are seeing anomalies that are consistent with an intrusive related system and the mineralization remains open in all directions, making this area a strong exploration priority of the 13 targets in the Hurricane district.” Previously, SVP Rios’s efforts helped to reach a social agreement, which was rapidly approved by the communities adjoining Hurricane. Tier One took advantage and quickly started work, thus further dispelling many of the myths of dealing in Peru.   CEO Dembicki relates that there could be a copper-nickel deposit present that may rival some of these huge deposits found in Russia and Brazil. Upon confirmation of the sampling, Tier One’s optionality will increase greatly.   Peter gave us his take on the junior miner sector’s current state. He noted that silver has recently bounced back to nearly $22 and appears to be going higher. He further observed the paradox of increasing institutional investor interest, while the retail interest in the sector has been lackluster. Looking ahead to 2023, he thinks that investors will again start focusing on drill results, ore grades and other important data as they pour into miners again. Prospective drill programs are now being refined and in early 2023 they will re-commence. It’s an exciting time for Tier One and for us as shareholders. Website: www.TierOneSilver.com   Ticker Symbols: OTCQB: TSLVF — TSX-V: TSLV

Summary: Will your investments keep up with inflation so that you can retire, or will you have to work forever? This episode’s guest, James Locke, provides some information on how you can invest to prepare for retirement, tailoring strategies to your personal portfolio and needs. He says that it is critical to shift to income focused investing, and to always consider how you can invest some of your current income back into future income. Moreover, be sure to work with someone who will listen to your needs and help you create a sustainable plan for retirement. Tune in for more insight. Highlights: -A lot of James’ clients have left the options world -The number one question James gets is “Can I retire?” -There aren’t as many pensions anymore. People start to wonder if their money supply will last longer than them -What do you want to base your retirement on? What you know, or what you hope? -Shift from growth focused investing to income focused investing -Bonds, dividend stocks, and preferred stocks are good things to look into -If you invest a little of your income back into income, you can grow it over time -Look at your portfolio/retirement as if it were a house. Even if it’s worth more at a specific time, that doesn’t mean you can spend more -Stocks won’t go up until people are confident that rate hikes have stopped -It’s good to collect a number of perspectives. Make sure you’re working with an income specialist who will listen to your needs rather than telling you what you need Useful Links: Financial Survival Network Poole Locke Associates

Summary: With the arrival of elections, many people are voting with economic issues in mind. Here to talk about the economic side of real estate is Sabrina Guler, the Co-Founder of Techvestor. Techvestor is a company that allows you to passively invest in short term rental investment properties, and has raised $21 million in the past 12 months. It runs through Airbnb and VRBO currently has 61 funds in total, over half of which are already active. Sabrina talks about the process of scaling Techvestor and maintaining short-term rentals to ensure the best experience possible. Tune in for more information on some of the exciting things Techvestor is doing, and to learn about the opportunity that lies in short term rental investments. Highlights: -Techvestor is primarily on Airbnb and VRBO -They have 61 funds right now, 30 of which are under contract and in the process of getting launched. They currently have 31 active listings up -They are primarily leveraged -When they started, they set a bar for the types of homes they would be buying—which is important within investment -They focus on larger homes with more amenities -It’s important to have good people on the ground that know the house very well, and understand your expectations -It’s the little things that contribute to a positive experience for guests across the board -As they scaled the business, they were able to move into new markets -They don’t have their own platform for direct bookings, but they plan to think more about this in the future -A lot of people (in Florida at least) get tripped up on sales tax, resort fees, etc. This makes accounting all the more important, Sabrina’s company performs this very thoroughly—taking location specifics into consideration Useful Links: Financial Survival Network Techvestor

Heye Daun, CEO of Osino Resources joined us for a sponsor update. Osino is developing the Twin Hills Gold District in Namibia; he’s moving rapidly to build a mine. Daun a native Namibian mining engineer has built several successful companies, which were successfully acquired. He cashed up Osino around 18 months ago, raising $19 million through a private placement and warrant exercise. Osino has been racing ahead ever since. It recently secured a non-dilutive $10 million credit facility to hasten the mine building process. Earlier in the year Osino acquired the nearby Ondundu project from B2Gold, adding nearly 1 million more gold ounces to the resource. Now it’s just a shade under 4 million ounces, Daun is confident that the company can push it over 5-million-ounce mark. He is undaunted by the junior sector’s current woes. While he’s open to Osino acquisition by an appropriate suitor, he’s very content to build this mine. Improving the lives of his countrymen is extremely important to him. Namibia is a very stable country that is openly supportive of the mining industry. When combined with the project’s economics the story is quite compelling. Based on $1700 per ounce gold, the company will be generating substantial cash flows upon mine completion, which Daun expects in 2025. Higher gold prices and enhanced exploration potential will make the project that much more profitable. Everything is looking up for Daun and Osino Resources and so is the share price. It seems that word has gotten out among well-heeled Namibian investors, they have been buying up shares at an impressive rate. Company website: www.OsinoResources.com Ticker Symbols: OTC:OSIIF  TSXV:OSI  FSE:R2R1

We sat down for a sponsor update with FPX Nickel’s CEO Martin Turenne. Interest in FPX has increased greatly as major nickel customers line up to secure future deliveries. In addition, FPX built a pilot production plant to prove the efficacy of its nickel sulfate refining process and its ability to produce high-grade metal, without the need for smelting. Results from the first 18 tons of material are expected before year end (or early January) and Martin says the metallurgical results are huge and could be just the catalyst FPX needs for a revaluation of its shares. Nickel has been hot. A March short squeeze sent it soaring and it has since come back down to earth, but it was still trading at a healthy $11 per pound the day we spoke. That’s a level Martin is very comfortable with. He’s extremely bullish and for good reason. The recently passed US Inflation Reduction Act has many benefits for the battery metal sector and FPX in particular. The Act provides a $7500 tax credit to EV purchasers, provided that the batteries contained therein were produced in the US with materials from the US, Canada and Australia. This has led to a surge of companies seeking to build battery factories in the US. Additionally, the Act provides $750 million to junior companies to help them perform the requisite studies and compliance requirements needed to fast-track their production. This is a tremendous boost to smaller companies seeking ever more scarce capital. Step-out drilling continues at the Van Deposit. Results will be forthcoming shortly. An updated mineral resource estimate is on the way for the Baptiste Deposit. Therefore, all the steps are in place for FPX to advance its projects and ultimately realize its true value. Company website: www.FPXNickel.com Ticker symbols: OTC: FPOCF — TSX-V: FPX

Summary: An undeniable paradigm shift taking place lies in the move towards self sufficiency. This is a major component of the rural lifestyle, and Aaron Clarey comes on the show to talk about some of the things he noticed when transitioning out of urban life in his move to South Dakota. Aaron describes many of these changes as psychological. Leaving a big city means getting used to a slower pace of living, with less hustle and bustle and establishments that shut down earlier. He has found himself less concerned with the US/global economy, and has an interesting perspective on these things in relation to his life in a rural community. Tune in for more insight. Highlights: -There are paradigm shifts taking place, and a major trend taking place is the move towards self sufficiency -Many people experience a shock when they go to less urbanized areas -Aaron has adapted to the rural lifestyle, having lived in South Dakota for a while now -One of the biggest adjustments is going from the hustle and bustle of traffic and constant activity to the slower life or rural communities. It’s a psychological adaptation -Establishments have fewer employees, and thus close down earlier -Higher end amenities are few and far between -There is a greater sense of community in more rural areas, which comes with heightened accountability—but this is good thing -Aaron feels somewhat divorced with the US/global economy, but this comes from his job. He considers himself a contrarian investor -Aaron is also a minimalist; he doesn’t have many expenses -It’s good to pay attention to politics and economics, but responding with anger doesn’t accomplish anything. -Accept what you do and do not control, and don’t let the negative things that aren’t in your control bring you down Useful Links: Financial Survival Network Captain Capitalism Aaron's Consulting Company

Summary: Are home values and securities/investments going to implode? I sit down and chat with New York real estate expert Andrew Ragusa to get the latest insight on what’s happening in real estate, especially in light of the economy and politics. Speaking from his experience in the industry, Andrew reports that many people are leaving New York City and settling in the suburbs, and this is largely influenced by crime. He also notes that, although people don’t have as much buying power as they once did, people are still buying and there is a lot of inventory on the market. Tune in for more information on what is happening and what is to come in real estate. Highlights: -Everyone is concerned about inflation, the price of food, and the prices of homes -People are headed to the ballots with financial issues in mind -People are upset with how much money is being spent -New leadership in Congress could help put some sort of check in place -Homeowners in NY are also thinking about crime -Lots of people are leaving the city and relocating to the suburbs -We’ve seen a 5-6 point increase in a year, and prices have still not budged very much -New York State could very well shift political views, with many voters going red this time around -The bidding wars with properties are no longer as drastic -People don’t have the same buying power they used to, but they are still buying nonetheless. There’s also a decent amount of inventory on the market. Beforehand, many people were settling for a home rather than finding one that fit all of their criteria Useful Links: Financial Survival Network Andrew Ragusa Instagram Andrew Ragusa Website

Summary: How do you reach your goals in difficult times? J.D. Frost has asked himself this question, and is coming out with a new book called The Life Ledger to help you make progress and work towards what you want. J.D. believes that writing down your goals and reviewing them each day is essential to reaching your desired life, wealth, and accomplishments. In his book, he introduces the daily ledger practice, which is a way for you to write down your targets and affirmations and track progress towards your goal. If you want to be in the 1%, be sure to tune in to this episode and pre-order J.D.’s book, which is linked below. Highlights: -J.D. Frost has a new book coming out called The Life Ledger, and talks about how he has prevailed in difficult times -The way you spend your time each day dictates how you spend your money. Additionally, your intentionality with your time is a lead indicator of your wealth -Every 30 minutes, take account of what you are doing -Ask yourself: is what you are doing an asset or liability -Time management alone won’t lead you to success. Writing down your goals every day and reviewing them will help you get to where you want to be -To stay in the coveted “1%,” you have to always keep in mind that the tasks you do every single day contribute to your situation. Daily effort is required to reach your goal -The daily ledger: write down your targets, which are short term daily confirmations that you can achieve your goal -We spend a lot of time thinking that we’re busy rather than being productive or focused -Define what wealth is for you, and determine what you really want -Intentionality and focus are crucial to create the wealth that you desire -Find somebody that has done it before you, and use them as a benchmark of where your focus should be. Seek mentors in people that want the same things as you and are working towards similar goals -Affirmations are also part of the daily ledger -If it’s not working yet, keep doing it Useful Links: Financial Survival Network The Life Ledger: How to Build a System to Reach Your Goals J.D. Frost

Maturing debt in a higher interest rate environment is spiking everyone's debt-carrying cost. US now spends more on interest than defense.  Meta is firing thousands of employees this week. Lots of other tech companies doing the same on a smaller scale.  Mortgage rates at 7.5%, mortgage demand plunging. The housing bubble has definitely burst.  Huge shift in stock market leadership from tech to energy. Twitter take over by Musk and the fallout.  Gold and silver had a massive up day on Friday.  Meanwhile, central banks are buying gold at a record pace, some of them in secret.  Can we talk about the Atlantic "covid amnesty" article and the response to it? Is a Red Wave coming on Tuesday? 

Summary: Looking for a breath of fresh air outside the corporate world? A startup company or small business environment might just be exactly what you need. I have Adam Tank on the show to undertake this topic, and he points out some of the benefits of this transition, which he made in his own career. After working in the corporate world, Adam made the decision to bet on himself and hasn’t looked back. He encourages people to create a product or service that lends itself to the skills they already have, and to target the more resilient/essential industries. Highlights: -When you look at what’s happening in real estate and the markets in general, it’s a bit disappointing. Perhaps you need to become a startup junkie -Adam used to work in the corporate world. His primary goal was to get paid every two weeks and earn benefits, and rely on big companies rather than himself -He wishes that he would have bet on himself a lot sooner. There is a lot of risk management that happens when you bet on yourself -We’re now seeing massive rounds of layoffs within tech companies -Create a product or service that lends itself to the skills that you already have as a creator -Look at industries that are resilient (i.e. water, power, etc.) -Is college still worth it? -Go out and do things; rather than just absorbing information, involve yourself in projects and gain real world experience -Adam wishes he would have transitioned to the small business environment or started his own business sooner -The best time to be greedy is now; its’s buying/investment season -We’re probably going to see a lot of new startups cropping up in the next year Useful Links: Financial Survival Network Adam Tank

Summary: Gold has been lagging, but recently showed a bit of life. To get the proper gold forecast, I invite Gary Wagner to come and discuss this topic with me. There are multiple factors influencing the price of gold, a crucial one being dollar weakness. This weakness was the preemptive force in moving gold prices, but future gold prices will be largely determined by other reports, including third quarter GDP. Tune in for more insight. Highlights: -Dollar weakness was the preemptive force moving gold prices -The question becomes: how much have the intense rate hikes impacted inflation? -The third quarter GDP is going to be key -Will this be the last raise, or are we near the end? -Putin is not just fighting Ukraine, he is fighting the West -$17 in gold price were attributed to dollar weakness -We’re seeing resistance at 16.80 Useful Links: Financial Survival Network The Gold Forecast The Gold Forecast YouTube

Summary: How much lower can markets go? Perhaps the answer is in the futures market. To better understand the trends being exhibited in futures, I sit down and chat with Phillip Strieble, the Chief Market Strategist of Blue Line Futures. He explains that the Fed and central banks are not going to stop tightening any time soon, and these decisions are made retrospectively. Using data of the past to pave the way for the future is not always successful, and we can expect to see rates rise until late 2023/early 2024. Tune in for more insight. Highlights: -We are still in the midst of a tightening cycle; the Fed and central banks will continue to over-tighten into the new year -Things are essentially going to go from bad to worse -The GDP increased by 2.6%, but this data is in the rearview -The Fed bases their decisions with raising rates on the past -The unemployment rate is going to continue to tick up -Will the Fed be successful in bringing down inflation? -Energy costs in the UK will be up in the winter; in turn, the costs of other goods have to go up -The last quarter of 2023/first quarter of 2024 is when the Fed is expected to finally cut rates -There are a lot of things we can do to get oil prices lower -With the environment, we’re not going to see real change unless other countries around the world are involved as well Useful Links: Financial Survival Network Blue Line Futures

Summary: Economic growth is slowing, and with all of the economic instability, it’s necessary to rethink your plan for success. Jennings Smith comes on the show to talk about how you can do this with real estate—specifically the commercial realm. Real estate is one of the best ways to protect yourself from inflation because you can use debt as a lever; cash left sitting around is going to inevitably erode. Jennings provides some information on what’s happening in the commercial real estate industry, and gives tips on how to establish yourself whether you’re new to commercial real estate or already involved. Listen in for expert insight. Highlights: -We’re seeing rising inventory in real estate, and rents are peaking in many markets -He has built up a real estate portfolio of over $60M -Rents are peaking and even dropping. Is this a good time to invest in real estate? -Jennings primarily focuses on commercial real estate. Real estate is one of the best ways to protect ourselves from inflation because you can use debt to lever yourself -This is a great time to get into multi-family real estate; if you leave your cash sitting around, it is going to erode -Prices have cooled off a little bit in the commercial space, but we haven’t seen the drastic “fall off the cliff” we saw back in 2010 -Don’t sit around waiting; actively look for creative/non-retail price deals -Many people are not incentivized to sell right now -There is a lot more inventory flooding the market with multi-family real estate, but Jennings has not witnessed massive motivation -Many sellers are not willing to take a cheaper price unless they have to -More sellers are open to seller financing and other options -If you don’t have a track record, you should probably start with a single family home -Building your reputation amongst brokers can help you generate more deals -If you see a property in your town that is overgrown, this indicates that someone is not happy with their property. Calling the number on the sign and talking to the owner is a great start to sealing a potential deal Useful Links: Financial Survival Network Jennings Smith