by Lance Roberts
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| (7/12/23) Markets' anticipation of inflation would result in a moderate decline (in fact, June CPI printed at .2% for a 3% inflation rate). Meanwhile the NFIB report reflected improving moods among small businesses, and other data shows consumers are more confident about spending money = more inflation. How do companies protect profit margins? Cut costs and/or raise prices = inflation. Speculative mood is returning to markets. Charlie Munger: The first $100k is the toughest. avoid distractions from long-term goals by short-term narratives. Things rich people do: Shopping with coupons (remember S&G Green Stamps?) The significance of your savings rate. Choosing to build wealth (avg. work week = 34.5/hours vs entrepreneurs' work habits). Savings strategies & priorities and avoiding the lifestyle creep. There are no shortcuts to building wealth: Saving 30% of income, for starters. The flaws in modern financial planning include unrealistic gains and ignorance of negative returns: Why pensions fail. Managing need, wants, wishes. 3:10 - CPI Day: Markets Anticipation of Inflation 14:37 - How to Make Your First $100k 30:21 - Savings Strategies & Priorities 44:36 - Fatal Flaws in Modern Financial Planning Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- The latest installment of our new feature, Before the Bell , "Why We've All Become Bettors Against the CPI," is here: &list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Surplus Cash is Ending" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Register for our next web event: https://us06web.zoom.us/webinar/register/6816835709464/WN_ItmsNXpsRs2uKE6xOrJtdg ------- Articles mentioned in today's show: Q2 Earnings Season Begins – Will It Support The Bulls? https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #BuildingWealth #FinancialPlanning #Savings #ConsumerSpending #Economy #CPI #FederalReserve #InterestRates #Markets #Money #Investing |
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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