,investing,investing for beginners,investing in your 20s,how to invest,how to invest in real estate,how to invest in stocks,stock market investing,stock market investing for beginners,stock options,robinhood,robinhood app,best stock trading app,how to be a millionaire,how to be a millionaire in 3 years,credit score,credit score explained,credit card,credit cards for beginners,passive income,how to build wealth,how to build wealth in your 20s,real estate 101,PvUE5JZBjnE,, Politics,Society, channel_UCV6KDgJskWaEckne5aPA0aQ, video_PvUE5JZBjnE,Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: https://incogni.com/graham | Let's talk about the Donald Trump Tariff Plan and how this could affect the economy in 2025 - Enjoy! Add me on Instagram: GPStephan
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WHAT IS A TARIFF:
A tariff is essentially an extra "tax" imposed when importing goods from one country to another, designed to make foreign products more expensive and encourage consumers to buy locally, which benefits the domestic economy. However, it's important to note that this 'tax' is paid by the person or company importing the products - not by the country that makes the product. So, if Apple imports from China - Apple is responsible for paying the tariff - not China.
BENEFITS OF TARIFFS:
-They protect US Companies from Foreign Competition.
-Increased Job Growth.
-Higher Government Revenue.
-Favorable Trade Negotiations.
DOWNSIDES OF TARIFFS:
-Higher Prices For Everyone
-Retaliation From Other Countries
-A Decline In Economic Growth
-Less Competition Could Lead to Less Innovation
TARIFFS IN 2025:
On November 25th, it was announced that Trump would enact an executive order to create “an additional 10% tariff on Chinese imports, as well as an additional 25 percent tariff on Mexico and Canada.” These tariffs would continue until China, Mexico, and Canada addressed the movement of 'bad things' and undocumented people across the US border - and, the impact could be pretty significant.
After all, in response to these announcements, “Canada and Mexico said that they would retaliate with tariffs on U.S. products if tariffs on their U.S. exports were imposed” - and, as you would expect, China reflected the same sentiment, shortly after. Mexico’s president even said that “neither threats nor tariffs will solve the issue of migration or consumption of bad things." (I made this PG for YouTube).
IMPACTS:
If history is any indication, Trump can move forward with tariffs using rather specific law, they wouldn’t be the “economic boom” that some people think it would be, and instead, it’s said that “The measures proposed could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector.”
To make matters worse, in terms of existing tariffs: In 2022, they generated $80 BILLION DOLLARS for the US Government - which, was just 2% of all tax revenue - enough to keep the government running for just 15 days. This pretty much suggests that it would be IMPOSSIBLE to fund the US government with tariffs alone, and this is purely ‘wishly thinking’ with no chance of actually becoming a reality.
WHY TARIFFS NEXT YEAR?
The reality probably lies somewhere in the fact that the upcoming administration believes that our reliance on China is seen as a bad thing, both economically and politically - and, he could threaten tariffs as a way to negotiate a more favorable trade deal for the United States.
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,1,Let's discuss the England / U.K. Banking & Bond Crisis, the chances of a global recession, and what this means for all of you watching - Enjoy! Add me on Instagram: GPStephan | FOLLOW MY NEWSLETTER FOR URGENT UPDATES HERE: http://grahamstephan.com/newsletter
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THE BANK OF ENGLAND:
This begins with what’s known as a “Defined Benefit Plan,” where employees are promised a proportion of their salary throughout retirement. To ensure that the Pension properly funded, there needs to be a certain amount of money to generate enough of a return to pay out their population - and, they do this by buying bonds.
In a normal market, a fund could very well borrow money - buy bonds - and then pay the loan back while making a little extra profit. But, in a 2022 market, where bond values are declining….those same funds would borrow money…collect less from the bond than they were expecting…and, OWE MONEY by the end of the term.
Typically, Funds like this have cash on hand to cover any type of unexpected emergencies, but when funds were losing money at such a fast pace - they ran out of cash reserves and couldn’t come up with enough collateral, which forced them to sell anything they could to stay afloat.
This led to a “Bank Run” where - pensions began selling UK Bonds to reduce their exposure to falling prices…which then…caused prices to fall…causing more pensions to sell…causing prices to fall further…and, pretty soon…they completely run out of liquidity.
As a result, the Bank of England made the choice to step in and PURCHASE falling bond prices to stabilize the market - essentially acting as a backstop to prevent prices to falling any further.
However, the LARGER issue isn’t so much the UK Bond Market Collapse - but, instead, the fact that the world is quickly losing faith in their government, who they believe may not be equipped to handle whatever fallout could come in the near future.
Because of this global turmoil, inflation has become a WORLD WIDE problem, and countries are constantly looking for a safe place to park their money. Since the United States raised THEIR interest rates the fastest, and is seen as the most secure, everyone is buying up the Dollar.
Even though this can be good for the United States, our imports become less expensive, and that can help drive inflation down, for the REST OF THE WORLD, they’re spending MORE OF THEIR OWN CURRENCY to buy those US dollars - and, that poses a substantial risk that - the dollar could simply become too expensive, and eventually do more harm than good.
In fact, based on one reported estimate from Credit Suisse, “every 8% to 10% jump in the dollar leads to, on average, a roughly 1% hit to U.S. companies’ profits.”
But, in terms of the impact HERE in the United States, for most of the SP500 that operates internationally…a strong dollar is seen as a NEGATIVE for revenue and growth - and, as a result - the market has fallen.
For example, it’s noted that “non-domestic sales of companies in the S&P 500 make up around 35% to 40% of total revenue” - so, a stronger dollar puts more strain on their international customers to make purchases. On top of that, it’s said that “industrials, materials, consumer staples and technology are the most sensitive to a stronger U.S. currency,” and - when they make up a large portion of the index - it’s inevitably going to drive prices down alongside with it.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Lets discuss how to build a million dollar net worth, starting from $0, in 10 years - Enjoy! Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham - Add me on Instagram: GPStephan
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HOW TO BE A MILLIONAIRE IN 10 YEARS:
ONE: You NEED to save as much money as possible.
As simple as it might be to say: without this part, the ENTIRE plan fails…and, when it comes to increasing your net worth, at the end of the day…it doesn’t matter how much you make…but instead, how much of that you’re able to save.
TWO: You ALSO need to make a lot of money.
Working ANY job that pays based on RESULTS or individual TASKS…your income will SKYROCKET, because NOW - hours no longer make a difference. Personally, I think sales are one of the most under-rated careers out there, because it often serves as a stepping to earning a higher income, while teaching you everything you need to know about time management, customer service, and efficiency….not to mention, it could also provide funding for just about anything else you want to do, later.
THREE: Realistically, you’ll also have to invest your money.
As an example, just consider this: If you SAVE your way to $1,000,000 in 10 years…you’ll have to put away $273, every single day - or, $8333 per month - to make that a reality. BUT…if you just INVEST that money, instead….you can get there with “just” $158 per day, or $4750 per month, while averaging an 8% return…or, in other words…you need substantially less if you’re consistently putting your money to work.
THE PRACTICAL STEPS:
First, cut back as many expenses as much as you possibly can.
Figure out the BARE MINIMUM that you need to survive, with some discretionary spending thrown in every now and then…and, from that point on- anything you make above that amount will be automatically invested.
Second, determine how you can make more money.
Perhaps look into switching careers, learning a trade, starting a side hustle, or starting a low-overhead business from home. The fact is, this isn’t going to be possible if you earn under $50,000 per year…but, the GOOD NEWS is that there are PLENTY of ways to make extra money, if you’re willing to put in the time.
Third, once you have enough money saved up - I would highly recommend you reduce, or even eliminate your entire housing cost by investing in a multi-family property.
This is where you buy a multi-family home, like a duplex, triplex, or fourplex, then live in one of the units and rent the others out. Typically, when done right, those other units will cover the entire cost of owning the building - and all of a sudden, you’ve got a free place to stay, while allowing you more money left over to re-invest.
And fourth, you can keep repeating that process every 2-3 years.
For example, banks allow you to get a low interest rate loan, as a primary residence, with up to 4 units - as long as you intend on living there for a year. That means, you can buy a cash flowing property - move in one of the units…wait for another one to come along…buy that, rent out the previous unit…and start the process over again, while gaining equity and cashflow at the exact same time.
At the end of the day, building up a $1 million dollar net worth is all about numbers - and, even though your spending tends to be the EASIEST to control and point you in the right direction - your income is the speed at which you’ll hit your target.
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,1,Lets talk about the current state of the housing market, where real estate prices are headed, and what this means for the future of values - Enjoy! Add me on Instagram: GPStephan | INVEST WITH ME HERE: http://www.creatorproperties.com/
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HOUSING STARTS:
When it comes to this, the chief economist of First American was quoted as saying: “Builders are responding to the decline in affordability and cooling demand by building less, but a slowdown in construction is concerning because the U.S. continues to face a housing shortage. We need more homes, not less.”
BUILDING PERMITS:
In places like Dallas, it was said that: “A combination of supply-chain challenges for builders, higher mortgage rates, inflation, higher building materials costs and labor shortages, and general economic uncertainty are some of the reasons being cited for a slowdown in construction.”
NEW LISTINGS:
It was just reported that: “The supply of homes for sale jumped 9% last week compared with the same week one year ago,” according to Realtor.com. Redfin ALSO found that “new listings rose nearly TWICE AS FAST as they did just one year ago.”
HOME AFFORDABILITY:
A report from Black Knight Research found that “the monthly principal and interest payment on an average-priced home, by a buyer who puts 20% down, has gone up by roughly $600 —44% — since the start of the year”…and, this is a major deterrent preventing more people from entering the market…just consider this.
HOME SALES:
As of the other day, the MEDIAN price to buy a home just broke $400,000 for the first time ever, in history, representing a 14% increase from the year prior…and, even then…”Eighty-eight percent of homes sold in May were on the market for less than a month.”
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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In terms of Michael Burry’s overall thoughts…he did make an interesting point that, throughout a bear market, we’re likely to see quite a few rallies along the way.
“Bounces are the most epic. 12 of the top 20 NASDAQ 1-day rallies happened during the 78% drop from the 200’s top. 9 of the top 20 SP500 1-day rallies happened during the 86% drop from the 1929 top.”
He also goes on to say that ‘The DOW had 10 bear market rallies of MORE THAN 10%…before bottoming down 89% in 2919…”…suggesting that, it’ll take some time before we reach the TRUE BOTTOM…
https://twitter.com/BurryArchive/status/1522003863741550592/photo/1
Morgan Stanley also tends to agree, saying that: “Generally speaking, we do not see bear markets bottom without panic selling, similar to what was seen in 2001 and 2020…Historically speaking, no bear market has ever bottomed without a VIX reading of 45 or more.”
Although, in terms of reaching a bottom…the WallStreetJournal gave a slightly DIFFERENT variation… saying that, since 1950…”the S&P 500 has sold off at least 15% on 17 occasions….On 11 of those 17 occasions, the stock market managed to bottom out only around the time the Fed shifted toward loosening monetary policy again.”
In this case, JP Morgan believes that “The Fed’s moves “raise the risk of a recession starting this year or early next year… and raises the risk frankly that they’re not going to be able to keep raising rates that long,”…meaning, if inflation comes down, AND our economy starts to fall…there’s a chance they can ease, or even REDUCE RATES…and, when..or, IF that happens..the market might start to recover.
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As supply chain constraints, production, and chip manufacturing begin to improve…used car prices are beginning to drop, down 6.4% since the record high in January. This also marks the FOURTH consecutive month that auto prices have fallen…and, the FIRST month that sales declined 17%.
Even though this is certainly GOOD NEWS if you want to buy a car…it’s a NIGHTMARE for banks who have LENT MONEY on those cars, at a value that’s rapidly beginning to fall.
Right now, “investors are willing to bet that consumers will keep paying their loans in the near term” - because, after all, a car is an essential purchase that allows them to go to and from work, or be used as a way to make money…although, that might not necessarily continue.
A survey from Fannie Mae found that: “16% of consumers said they expected to lose their job in the next 12 months.” - and, THAT is generally the time where finances get tight, and people cut back on the items that might be costing them too much money…or, in this case, certain Auto Loans.
The WallStreetJournal even found that “more subprime borrowers have start missing payments” as rising prices force households to choose between paying for essentials and paying their monthly loans. NOW, the government is warning of a surge in CAR REPOS, and that “the problems could get much worse unless we stay ahead of it.”
The reality is - lenders have given potentially unaffordable loans to buyers, without verifying their finances, on cars with overinflated values that can’t be sustained without a chip shortage…and, it’s only a matter of time until - EVENTUALLY - things have to come back down and return to normal….after all, used cars can’t sell for more than NEW, FOREVER.
ON THE BRIGHT SIDE….logistically, don’t expect this to be ANYWHERE NEAR the size of the housing market collapse…because, loan sizes are SIGNIFICANTLY SMALLER, and it’s MUCH easier to repo and auction a car than it is to foreclose on a home.
In addition to that, most auto loans have a fixed interest rate…so, even though a buyer may owe WAY MORE than what the car is worth…as long as they can continue making that monthly payment…the solution is to simply hold on to the car longer than you expected, and keep driving it until - eventually - you break even.
The best strategy, in this case…is to simply recognize that 40% year-over-year price appreciation is by no means normal, or to be expected…and, if you find yourself with a loan that MIGHT not be affordable….NOW would be a good time to either lower your interest rate, or drive something in a more affordable price point to save the extra money.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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FIRST: HAVE A BUDGET BY TRACKING YOUR EXPENSES AND REDUCING UNNECESSARY SPENDING.
No joke, without exaggeration…if you JUST do this one step, and skip the rest of this video, trust me, you’ll be ahead of probably 99% of the ENTIRE US population.
SECOND: CREATE AN EMERGENCY FUND OF AT LEAST 3-6 MONTHS WORTH OF YOUR EXPENSES.
Having a this type of 3-6 month emergency fund means you won’t have to rely on credit cards to pay your way through any type of unexpected event, you won’t have to sell stocks or other investments at a time where they might have declined in value, and you won’t have to take on high interest debt if something were to happen.
THIRD: TAKE ADVANTAGE OF RETIREMENT PLAN MATCHING.
Many employers offer what’s called a 401k employer match, where they will match your contribution, dollar for dollar, up to a certain amount in a 401k retirement account.
FOURTH: BEGIN TO PAY OFF off ALL HIGH INTEREST RATE DEBT.
The FIRST is called the “Avalanche Method" - This works by paying off the HIGHEST interest rate debt first, and then working your way down until everything is completely paid off. The SECOND method is the Dave Ramsey approach, and that’s called the snowball method. This works by paying off the smallest BALANCE, first, regardless of the interest rate, and once that’s paid off, using that extra money to pay off the rest.
FIFTH: USE THAT MONEY TO INVEST BACK INTO YOURSELF…SO THAT YOU CAN MAKE MORE MONEY.
This could be buying books, this could be learning a new skill, this could be investing back into your business…self education and improvement, in my opinion, is absolutely vital at this stage.
SIXTH: INVEST IN A ROTH IRA
This is an account that allows you to invest your after-tax money, and when you’re 59.5, all the profit you make within that account is completely TAX FREE.
SEVENTH: INVEST IN A TAXABLE ACCOUNT
This means that you have your brokerage account where you just buy / invest in long term assets, only once you've done the previous 6 steps.
This isn’t meant to be something you do in a week, some people could potentially take YEARS to get to the point where they have all of this in order…but I gotta say, from what I’ve seen, nearly EVERY wealthy person I’ve met follows these steps and that allows them to focus on the FINAL part of this video, by increasing their income even further…and subscribing if they haven’t done that already.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Lets talk about a possible leading indicator to a recession and why advertiser revenue is declining - Add me on Instagram: GPStephan | MORE DETAILS ON MY NEWSLETTER: http://grahamstephan.com/newsletter - Video Inspiration From MeetKevin: https://youtu.be/W518FbNSOsk
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,1,Lets talk about the Celsius Collapse, why they disabled withdrawals, and how the company can move forward - enjoy! Check out CoffeeZillas video here: https://youtu.be/1nVG8PF4ECU - Add me on Instagram: GPStephan
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Lets discuss the $30 Trillion Dollar US Debt, why the Federal Reserve is raising rates, and how this could be a problem for the future of the market - Enjoy! Add me on Instagram: GPStephan
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THE DOLLAR MILKSHAKE THEORY:
This is based on the fact that - the US dollar serves as the reserve currency for the entire world.
However, as other countries begin to slow down, relative to the United States, their currencies DECLINE in value, making it more expensive to pay for good and services in US dollars…right at a time where they can least afford it. It’s called a “Milkshake Theory” because - in this scenario - the US would extract more dollars from around the world, resulting in cascading defaults throughout every other large economy.
All of that is to say that - people are borrowing more, to pay for products and services that cost more, and - if the economy enters a sharp, and sudden recession - DURING a time where interest rates are going UP - people may have a MUCH MORE difficult time paying down their debts.
Effectively, borrowing can only be sustained for so long until - eventually - it’s going to result in a time in which people begin to cut back…substantially. In fact, JP Morgan just recently came on record to say that “they’re bracing themselves and we’re going to be very conservative with our balance sheet” - while, at the same time, banks become WAY more careful in terms of who they lend money to.
On the one hand, in terms of our own National Debt - some experts say that - when you look at our debt, in relation to how much we MAKE - it’s actually NOT that bad, and we’re actually quite a lot lower than many other countries. You can see here that, sure, we might OWE the most amount of money…but, we also MAKE quite a lot of money, as well.
HOWEVER…others say that this debt is a a massive issue…because, over the next three decades…it’s projected to increase past 200% of GDP…at the same time when “interest payments” would be the single largest US Expense. At that point, social programs and spending would be severely reduced - and, we’d be forced to go further and further into debt, hurting our entire economy as resources dry up.
That’s why - we’re in a weird spot. On the one hand, The National Debt isn’t an urgent issue - and, it could be easily swept under the rug for another few decades…BUT…we ALSO can’t have an economy with perpetual 8% inflation…so, there’s no other choice but to raise interest rates, shock the market, and then - hope that demand will eventually match supply.
So, in terms of what to PRACTICALLY DO…realistically, it’s best to stay away from ANY AND ALL CONSUMER DEBT, avoid variable interest rate loans, and ALWAYS do your best to save at least 20% of your income. This should put you in a better position to weather any economic uncertainty, and continue investing during a time where prices are lower.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Go to http://public.com/graham and use code GRAHAM and you’ll receive a randomized free stock worth up to $1000 once you open an account! Add me on Instagram: GPStephan | Add me on Instagram: GPStephan
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JULY 2022 INFLATION READINGS :
The HIGHEST category throughout this last month was almost completely isolated to ENERGY, with an overall increase of 7.5% month over month. This includes a whopping 10.4% increase in the cost of energy commodities, and an 11.2% increase in the cost gasoline. The other type of utility gas was also up by 8.2%…leading, of course, to that headline number increasing SO MUCH higher than expected.
https://www.bls.gov/news.release/cpi.nr0.htm
On top of that, food also increased by another 1% this month, while new and used vehicles increased by another 0.7% and 1% respectively.
Finally, rental costs increased by 0.8%, which was the largest monthly increase since April of 1986….and, medical care rose by 1.9% in dental services, which was the largest monthly change EVER recorded.
Now, the good news is that, when you EXCLUDE food and energy prices…Core Inflation STILL came in high, at 5.9%, BUT, it’s at the same pace as the month prior - suggesting that - maybe - inflation is beginning to peak?
After all…so far, in the month of July…oil prices have fallen below $100 per barrel…car repos are beginning to add slightly more inventory on to the market…and, commodities are falling on fears of a recession. That, in turn - should soon cause CORE CPI numbers to fall, assuming there isn’t another black swan event that we can’t predict…and, at the end of the day: Energy prices are being skewed by overseas tension…which, the Federal Reserve will have very little of an effect on.
The truth is, inflation numbers like these are a SLIGHTLY lagging indicator…and, even though we can CERTAINLY see that prices are going UP…July’s data is going to be a LOT more telling now that people are cutting back, and some sectors are beginning to soften.
HOWEVER…let's be real: if you own stocks, and you intend to hold them for the next few decades…then, why would it matter if the prices drop further? You should see this as: There’s a Black Friday sale, I’m going to continue buying as I would, normally - and now, I happen to get a good deal. If prices then drop even further, same thing…I’ll continue buying.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Go to http://public.com/graham and use code GRAHAM and you’ll receive a randomized free stock worth up to $1000 once you open an account! Add me on Instagram: GPStephan | Original Video By Valuetainment: https://youtu.be/j9vL6K2Yop0
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MARKET SUMMARY:
One, we have low interest rates that are coming to an end.
Excess borrowing - combined with broken supply chain and rising energy costs - caused inflation to reach a high not last seen since the 1980’s, and so - high interest rates act as a way to slow down the economy, and hopefully - lower prices.
Two, unprofitable “ZOMBIE” companies will be going out of business.
According to Bloomberg, they estimate estimate that ONE-FIFTH of the largest 3000 publicly traded companies are “zombies,” and that - “The end result could be a prolonged stretch of bankruptcies unlike any in recent memory.”
Three, because companies will scale back - unemployment will increase.
Now that many of those companies can no longer afford top talent on declining demand, they’re scaling back, with companies like JP Morgan, Tesla, Netflix, and others cutting costs in an effort to stay afloat.
Four, the US Personal Savings Is Quickly Declining.
With prices continuing to rise at a staggering pace, Americans are spending a HIGHER portion of their income on necessities - as a result, US Personal Savings has fallen to 2013 levels, the Savings Rate is the lowest it’s been since 2008, and Credit Card Debt is approaching a record amount.
HOW TO APPROACH THIS MARKET:
One, Anticipation.
This means that - at all times - you should be aware that prices, business, demand, and the economy do not always just continually go up, forever.
Two, Risk Tolerance.
With this, you MUST have a plan, ahead of time, to understand what you are - and are not comfortable risking, in regards to your income, savings, age, and goals.
Three, Carry Cash.
I’m a firm believer that, even though your money is statistically BEST OFF invested as soon as possible, there is a benefit to the peace of mind of having a cash position, at all times, to take advantage of any opportunities that may come up.
Four, avoid major real estate deals.
On the one hand, you should NOT be speculating on short term housing values in a market like this…but, on the other hand, if you find a property that you intend on keeping for at least 7-10 years, with positive cashflow, in an area where you’re able to negotiate a good price….then, potentially, it could make sense.
Five, have a serious business plan in place.
To me, this means that you track your income and expenses, cut back on the unnecessary spending, and operate “lean” while you continue re-investing on a regular basis.
Six, precious metals.
Now, he recommends 5% of your portfolio be allocated towards this, or - towards a mixture of cryptocurrency - I personally think: take a small risk with cryptocurrency, if you’re comfortable, and if you’re looking for portfolio stability - gold doesn’t hurt, BUT, there are probably better options.
And finally, SEVEN - Protect your career.
NOW is the time to IMPROVE yourself, learn new skills, double down on everything, and use that your advantage.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
,1,Lets talk about The Great Reset of 2022, exactly what it is, what this means for you, and the impact it has on our economy and how you invest your money. Enjoy! Add me on Instagram: GPStephan
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The Great Reset was proposed by the members of what’s known as “The World Economic Forum.” They’re a non profit organization who’s main purpose is to connect innovative thinkers and world leaders together, in one place, for the unified goal of making the world a better place that runs more efficiently. They talk about world problems, issues we’re facing, and social unjust…and then, they work on solutions to fix whatever needs to be done.
This “illness” has fundamentally changed the way we go about our day to day lives, it’s shifted demand towards nearly everything becoming digitalized, it’s halted the restaurant and hospitality industry, and the divide between the rich and poor has continued to grow further and further apart.
That caused a LARGE portion of our population to be “left out,” suddenly lose their job, and then be unable to return back to work…and it also caused OTHR people to grow their business to such extreme levels that never would’ve been possible without a stay at home order in effect. So, instead of a gradual shift that allows people time to adapt and evolve…this change was just thrown on us, and that’s bound to create some social challenges.
Well, the “great reset” is a term that calls for CHANGE to current rules and policies that would put PEOPLE FIRST, BUSINESS SECOND…and a few of their priorities include placing a bigger focus on education, re-allocating government funding to more sustainable development and green energy, and placing restrictions on companies that take bailout money from the government.
https://www.weforum.org/agenda/2020/07/klaus-schwab-nature-jobs-great-reset-podcast/
Their thought is that - if we’re going to be creating a trillion dollar stimulus - we may as well use that money to better our future and creating a more sustainable environment. We may as well use this as an opportunity to address all of our problems, and find a solution NOW rather than wait for them to get worse.
I think the INTENTIONS are good…but, besides saying that “we need to work together and provide solutions to problems” the “great reset” turned into more like “the great confusion that’s unlikely to ever happen.”
So, instead of focusing ANY more time on the great reset…here’s “The Great Solution” that I think we should all implement right now:
First, learn to take initiative.
If there’s something you want, you have the power to begin working towards it immediately. By watching this video, you already have access to the internet…and nearly everything you need to know is at your fingertips between google and YouTube, pretty much for free.
Second, we should all place a stronger emphasis on financial education.
I’m really happy that it’s finally becoming “cool” to save money, live below our means, and invest.
Third, we each should learn how to work for ourselves
Ultimately, relying on someone else for a paycheck isn’t always going to be sustainable…so, learning how to take matters into your own hands, when necessary, is going to be a helpful skill that ANYONE could use.
Fourth, be compassionate and kind to others
I know this one isn’t financial related AT ALL…but, it’s just common courtesy. You have no idea what people are going through behind the scenes, or the struggles they face day to day…so, be nice to everyone.
Fifth…continually learn from our past experiences.
You would be SHOCKED at how many people don’t learn from their mistakes, place the blame on someone else, and then continue making that same mistake because they’re convinced they aren’t doing anything wrong.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
