National Debt: is the US bankrupt?

Episode 317:  The national debt is at astronomical levels, the deficit is larger than tax revenues, the Chinese are dumping Treasuries, the FED is creating trillions of dollars out of thin air…I’m not concerned.  The US can handle the current debt load.

In this episode, I discussed the realities and the myths of the national debt. 

My solution is to stop worrying about things outside of your influence and focus on building your personal wealth.  You do that by owning appreciating assets and not worry about the monetary unit of measure.

——————————————————

September swoon…how low can it go?

Episode 316:  The market took a big tumble today.  Is this just a normal September swoon?  Or are we headed for a more drastic correction?   

——————————————————

My Grandfather: a legacy of resilience, perseverance & faith

Episode 315:  In this episode I celebrate the 6th anniversary of the Wealthsteading Podcast with a special story about my grandfather’s remarkable life.  He was an amazing man that faced insurmountable obstacles but he never faltered.  As an immigrant, in poverty, fighting through WWI trench warfare, surviving as a prisoner of war, enduring the Great Depression…he overcame every obstacle that was placed before him.  His life is a legacy of hard work, resilience, perseverance, and faith.

——————————————————

Reasons for prudent investing during this VOLATILE transition

Episode 314:  The Market has been incredibly resilient over the past month but I believe it could easily stumble into a rapid decline if investor sentiment turns sour.  In this episode I discuss the rationale for prudent investing and give specific examples of why I recently purchasing Tyson Foods and also lessons learned from swing trading the Great Recession of 2008.

—–

RIOTs & 100k+ COVID Deaths…drive the market higher

Episode 313:  The COVID death toll is over 100K, unemployment is nearing 20%, and protesters are rioting and burning the cities…yet the stock market keeps going up.

Will this rebound rally continue?  Or are we headed for a major downturn this summer?  I’m concerned that just as the market was oversold with COVID hysteria, now there’s irrational exuberance about the re-opening of the economy.

—–