Kerry Lutz's--Financial Survival Network

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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