How to Navigate Today’s Financial Uncertainty – John MacGregor | Big Money Investing Review
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the United States and G7 are now making good on that commitment together we will leverage income earned from Frozen Russian Sovereign assets to provide a total of $50 billion of extraordinary Revenue acceleration erra loans to Ukraine this will lend vital support to the people of Ukraine as they defend their country and it also makes clear aggressors and tyrants will be responsible for the damage they cause $50 billion just another generous sendoff to our buddy zalinski I mean it’s just stunning what does Victory even look like it’s crazy I’m all for supporting the people in Ukraine but I mean how far does this go I mean you think about this Ukraine often often labeled as the most corrupt nation in Europe receiving another Hefty sum from our pockets our money and it seems like no one’s batting an on it’s obviously desperately want to keep this war going regardless regardless of the shocking report that just came out from ABC news that indicates 1 million Ukrainian soldiers have lost their lives in this conflict that’s right you heard it correctly 1 million young soldiers on the other side around 600,000 young Russian soldiers have also perished it’s a staggering loss of life that highlights the tragic waste of Youth in a war that should never have begun in the first place I mean it’s just so sad and heartbreaking to see such Devastation we can’t keep sending billions of dollars over there our economy is already in 36.2 trillion in debt how long is this going to go all right folks another stack show today we’re talking what’s happening in the economy behind the scenes the real story behind Taxation and what’s happening there we’re once again exposing the media I’ve got to address social security and a proven solution that would work to turn that around we’re going to discuss the big transformation that’s about to happen and I’ve got some great sound bites for you plus my financial tip of the week and you don’t want to miss this one especially if you’re a real estate investor looking to borrow money to buy property you do not want to miss this particular loan folks here we go if you have concerns about your financial future let’s be honest the world shapes your wallet we’re taking you behind the scenes to look at what’s really happening in the real world inform prepare and Empower this is the full disclosure podcast with your host John [Music] McGregor before we jump into today’s content take a moment to hit that subscribe button you do not want to miss what’s coming up and I love your comments good and they’re not so good just keep them coming before we dive in I do want to talk opportunity super important right now and the big question is this ask yourself are you sitting on the sidelines watching the market news and feeling like you’re missing out me the NASDAQ just hit a record and surpassed 20,000 for the first time and this is only the beginning and let me be blunt right now we are standing on the brink of the opportunity of a lifetime The Wall Street Journal and so many others they’re talking about massive progrowth economic shifts I’m going to talk about and I’ve said before this is the moment to act I’m inviting you to check out my cash flow boot camp where I’ll personally show you the exact strategies that can help you generate cash flow consistently on every single trade you make every single one while building lasting wealth and right now I’m extending my year-end discount to the 31st of December and this isn’t some cutter program it’s specifically designed to meet you where you are whether you’re just starting out or you want to refine your investing skills and here’s why waiting is not an option in my opinion we’re looking at unprecedented market growth your desire to create Financial Independence it’s a proven system that works and this is your chance to get exclusive coaching and mentorship from me someone who’s not just teaching this stuff but actively using this strategy every single week and you’ve heard this before for the last 13 years my 94 year-old dad he’s treated this as a hobby consistently pulling in 15 to 20,000 a month and this year he’s averaging 22,000 every single month for myself I’m generating thousands as well in cash flow every month in under 30 minutes a week that’s it so if you want a sneak peek of how this works go to John mcgregor.net flow John mcgregor.net flow check it out yourself you’ve got nothing to lose and while you’re there check out real testimonials from people who have transformed their lives using this strategy they’ve done it you can too and my end of the year price reduction will not last lastly on this I’m not asking you to sign up without speaking to somebody first you can schedule some time to speak with me or someone from my team for all the details not a sales call just purely information all right so let’s dive in and frankly I don’t even know where to begin when I started planning for this for this show it’s just so much going on so I want to start here and I’m going to say Here We Go Again more pages more rules and more government meddling President Biden’s Administration has officially broken the record for filling the Federal Register with regulations it’s no wonder he lost it’s incredible Biden just outdid his old boss Barack Obama by cramming get this over 96,000 pages of federal rules into the books this year alone 96,000 pages of new RS and guess what he’s not done I mean there’s still there’s still time to push that number over a 100,000 before the terms up and the Federal Register for those who don’t obsess over bureaucratic paperwork is basically the government’s log book for every new or updated regulation it’s like a a daily reminder that Uncle Sam is watching and oh boy he has been busy right this guy Clyde Cruz he’s a expert at the competitive Enterprise Institute summed it up nicely he said this record setting binge on regulations highlights just how far Federal intervention is reaching into everything in our lives for comparison during Trump’s first year in office the Federal Register had fewer Pages than any Administration since Bill Clinton think about that Trump took a chainsaw to the rule book with this famous two out for one in policy basically what that me meant was for every new regulation added two had to go and it wasn’t just talk either Trump’s deregulation push led to actual cost savings for businesses and all of us fast forward to today Biden’s approach has been the exact opposite more rules more pages and according to critics more red tape choking American businesses so what’s next Trump as you know not one to shy away from Bold claims has already promised an even more aggressive approach when he’s back in the Oval Office in January this time think about it this time he’s aiming to cut 10 regulations for every new one added let that sink in 10 for one and for those of you who say well who cares I don’t own a business here’s the kicker here’s the key and this is why I talk about this whether you’re running a business or just trying to make a living these rules trickle down everywhere and that’s the point of me sharing these the rules and regs affect everyone’s pocketbook and financial future and let’s be real more regulations mean higher costs more Hoops to jump through and fewer opportunities for Innovation and let’s not forget the message that this sends that Washington knows best and you don’t is that really the direction we want to keep headed heading no and that’s why Biden got the boot or a big reason for it thank goodness and I’ll tell you one thing for sure when the Federal Register grows so does the power of government and that is the last thing we need more government piggy backing off that now we just learn Biden’s 10 billion Love Letter to Iran it’s official folks the Biden Administration is determined to go out with a bang Now by handing Iran a $10 billion sanction waiver just as their Regional influence collapses like a poorly built House of Cards and if that wasn’t enough Biden’s Parting Gift is practically shielding Iran from the financial Smackdown it deserves just as the regime is forced to confront its unprecedented weakness since the Syrian tyrannical government and leader Assad just got ousted that was a huge blow to Russia but a massive blow to Iran I mean you couldn’t script a more chaotic handoff to the incoming Trump Administration if you tried and let me be clear Iran’s Grand axis of resistance which once stretched from tyan to the med Mediterranean it’s now a distant memory Assad’s fall in Syria has obliterated Iran’s ability to project power across the entire region I mean this is a massive massive story with Worldwide implications gone to the days of Syria let me repeat that gone to the days of using Syria as a springboard to arm and fund Hezbollah and Hamas they’re two prize Terror proxies so after all this what’s left well there’s a few ragtag allies like the houthis and Yemen basically have their own agenda some Iraqi militias who can’t even be bothered to show up to fight in Syria Iran’s once Mighty network of proxies has been basically reduced to a shell of its former self and tyan who regularly chaned death to America is now facing the real Prospect of relying solely on its own border for defense here’s the connection now you think that with Iran in this weakened State remember Iran is a state sponsor of terrorism around the world who’s committed to build an arsenal of nuclear weapons not just to threaten their enemies but to actually use them on their enemies for example Israel they want to destroy Israel you would think given their threat to the world the US would be hitting them or it hurts financially right but no Biden had a different idea which frankly is consistent with every other bad idea he’s had instead of tightening the screws he extended a sanctions waiver that will allow Iran to pocket1 billion from Iraq it’s a lot of money to them let that sink in at the very moment Iran is losing its grip on the region Biden decides it’s the perfect time to hand them the cash they need to regroup and rebuild you couldn’t make this up and please don’t fall for the humanitarian trade excuse this money will definitely go towards terrorism weapons programs and keeping the Iranian regime afloat I mean think back remember when Obama gave Iran $150 billion and then another roughly $2 billion secret secretly flown on a private jet in the middle of the night in cash that’s our money fol folks going to terrorist insisting that that money would be used for humanitarian purposes well that was total BS and Obama knew it and here we are again with Iran loaded with more cash to continue the nuclear Arsenal and our quote leaders they never learn and they never care and get this this waiver conveniently expires right after Trump takes office coincidence not a chance I mean Biden seems intent on creating as much chaos as possible leaving Trump to just sweep up the mess when he gets in and I believe it he will clean this up Trump has already signaled a no tolerance policy for Iran pledging to make Iran broke again while Biden is doing what he can to stop Trump it’s amazing with Iran already in tatters cutting off the money flow would deal the final blow to Tan’s Ambitions Biden isn’t just leaving a mess he’s leaving a strategically timed disaster intentionally why else would he be doing this by funding Iran while their Regional influence crumbles he’s given them the resources to cling to relevance and wreak havoc on Trump’s plan for stability in the Middle East meanwhile it’s highly likely the Iranian regime backed into a corner May double down on its nuclear program to avoid ending up like Assad in Syria I mean just what the region needs right A desperate Iran with nuclear Ambitions and a fresh injection of cash from Biden but hey I guess I guess at least Biden can say he was diplomatic on his way out right too bad the rest of us are holding the bag do you see why I bring these things up and connect them to our overall lives and our futures particularly our financial Futures I know a lot of people don’t make that connection they the headline that Syria has fallen or Iran has just got another 10 billion from the US but a lot of people miss the underlying consequences of these decisions with our money and they don’t see the bigger picture how it’s affecting us overall and if these decisions weren’t made or different policies were made things would be so much better and more prosperous in our society that’s the mission of this podcast is to reveal the bigger picture so people can see the connection and not just shrug it off and saying well that’s in Iran doesn’t affect me it’s kind of like when I talk about our debt or the interest on our debt or the Federal Reserve I can sense people’s eyes just Clays over I get it it’s not the sexiest subject but it’s imperative people understand this because that’s where opportunities come in and those that are paying attention and learning this stuff are the ones thriving or positioning themselves to thrive in the future so I commend you for watching this show and others but please do so many other people a favor and forward this it’s really really important that people understand this and all of this what I’m talking about this is why the mainstream media which refuses to hold Biden accountable is such a threat to our country and ourselves and our future instead of questioning why we’re essentially funding terrorism they’re bus busy covering fluff pieces for the Biden Administration and hate stories on Trump and his cabinet nominees I mean it’s crazy Iran’s collapse could have been an opportunity to eliminate a major a major threat instead Biden handed them a lifeline and the media gave him a free pass I mean welcome to America foreign policy in 2024 sabotage chaos and one big gift WRA check for the enemy it’s insane you have to call it what it is Biden’s trying to wreck the place on his way out heading out cash to adversaries throwing open the throwing open the borders and spending like there’s no tomorrow it’s all part of his farewell tour and the media crickets or even worse cover up this isn’t just about bad policy it’s about a deliberate attempt to hamstring the next administration because what’s better than creating chaos that your political opponent has to clean up so I’ll say buckle up folks January cannot come soon enough and I can imagine Biden’s Farewell Address I’ve been thinking about this what he would say that he should say should come up to the podium and say I came I saw I bankrupted and did everything I could to destroy this country good luck America see you later frankly that’s what he should say because that’s what he’s done good riddens big guy enjoy the millions you embezzled so so upsetting but here’s something really interesting and here we go again Donald Trump is on his way back to the White House and as expected the opinions are flying but maybe not as you expect it get this according to a recent CNN poll CNN folks they admitted on live TV 55% of Americans approve of how Trump is handling the presidential transition 55% on CNN and 54% think he’ll do a decent job when he officially steps in to the office next month CN in admitted this I it’s amazing now Trump’s win has slightly lifted the country’s mood but the nation is still pretty glum for obvious reasons a solid 61% of Americans thinks think that things are going badly and it makes sense of course right given what we’ve just gone through over the last four years on the flip side 38% now say things are going well that’s the highest since late 2021 not Sur surprisingly party afficial affiliation plays a big role here as well Republicans are suddenly feeling more upbeat about the country with 30% saying things are going well more than double the 14% who felt that way earlier this year it’s now at 30% from 14 from earlier this year Independence they’re cautiously optimistic but Democrats not so much not S no surprise there right with their party losing the White House and the Senate and the Congress and Republican control optimism has plummeted to just 40% down from 62% earlier this year but the stat I love to see is this small business optimism has gone through the roof and it’s no coincidence it’s the Trump effect in action the small business optimism index jumped a staggering eight points in November eight points just in November that’s the biggest one-month leap in the survey’s history and the highest level of optimism since June of 2021 so let me show the the numbers in more detail there was a 41 Point surge in the share of small businesses expecting the economy to improve hitting a net 36% 41 Point surge that’s the most optimistic Outlook since June of 2020 businesses believing that now is a good time to expand jumped by eight points reaching a net 14% again the highest since June of 2021 expectations for higher real sales volume again higher real sales volume soared 18 points to a net 14% a level not seen since February of 2020 and here’s the kicker for small business owners uncertainty among small businesses after hitting record highs in the months before the election dropped by 12 points last month 12o drop in uncertainty that is huge when he got nominated the stock market surged and it’s only begun in my opinion we’re hitting new highs almost every day then he saw record Thanksgiving shopping and a boom in consumer confidence now small businesses are writing the same wave of optimism the national Federation of Independent businesses nfib their survey confirmed what we’re all seeing that small business owners are feeling energized about the future it’s the largest one-month gain in the survey’s 39-year history even hiring plans are up with more firms planning to increase employment that at any time since May of 2023 and the simple answer is small business owners are betting on a major shift in economic policy they see lower tax taxes fewer regulations and a government that gets out of the way so they can do what they do best which is drive the economy forward thank you that’s why I say elections have consequences and we’re living with the consequences now hopefully a totally REI Revitalize consequences in the next four years now there is one Cloud on the horizon and that’s inflation inflation is still a thorn in everyone’s side 20% of small business owners say that inflation is their biggest challenge I mean it makes sense totally get it right I just hope jome pal and the Federal Reserve that they are paying close attention to this because these entrepreneurs are ready are ready to Roar if if inflation doesn’t drag them down first so the bottom line is this this surge in optimism isn’t just about small businesses it’s about what happens when people believe in the promise of growth and opportunity folks the Trump effect is real and for the first time in a long time small business owners are looking at the future with confidence instead of fear the numbers don’t lie when businesses Thrive America thrives hence the world thrives and here’s another interesting find since Trump won the election Trump’s decision to appoint Elon Musk and VC ramaswami to spearhead government efficiency has sparked a major major divide and it’s no surprise right overall 49% of Americans approve and 50% gets this 50% disapprove it’s not surprising Republicans are all in on the move with 92% approving of cutting waste in government while Democrats overwhelmingly oppose it 88% of Democrats oppose getting rid of cutting waste in government it’s amazing to me they just love government control and all these regulations more than anyone it’s just it’s just bizarre to me 36 trillion in debt and growing rapidly 2 trillion in deficit spending every year the interest to service our debt exceeding our defense budget and that’s growing all these regulations that have been imposed on all of us and more people are against cutting government waste than they’re for it it’s just so absolutely bizarre to me I mean what do you guys think let me know in the comments below oh and one more thing on this there’s been a lot of drama surrounding Hunter Biden’s pardon right and I’m kind of surprised actually that even some people in the left were opposed this nearly 70% of Americans disapprove of President Biden’s decision to Pardon his son for federal gun and tax crimes including a significant chunk of Independents and almost all Republicans even Democrats are split with just 56% supporting the move which I mentioned last week the hypocrisy from the left I mean they’re all for gun control and confiscation right but they give Hunter a pass on his gun crime Federal Gun federal gun crime and they approve of his pardon for it they say the rich don’t pay their fair share but when it comes to Hunter skipping out on his taxes on the millions of dollars that he’s brought in he gets a pass on that too pardon him it’s amazing it’ll be really interesting to see what happens if Biden goes forward with those preemptive pardons on his family members and other people surrounding him including Dr fouchy for the damage and destruction he caused in this country and frankly around the world from my point of view Trump needs to get ahead of this because we need to expose these people for what they did Adam Schiff Liz Cheney of Dr fouchy Andrew mccab Peter stroke Andrew wisman Jim Comey Jim Biden Joe’s brother and so many others these people caused irreparable harm to this country and they need to be accounted for so I think Trump should get ahead of this and come out immediately and make an announcement that if Biden moves forward with any of these additional pardons he’s going to preemptively Pardon his entire cabinet and everyone else surrounding him including including people like cash Patel who will hopefully be named the head of the FBI I mean just announce he’s going to get a blanket pardon for anything he does as he leads the FBI into a massive in investigation into all the corruption from this Administration love to see him make that announcement that announcement that he’s going to Pardon or do a preemptive pardon for all the people around him will send a clear message that his people can’t be touched and therefore untethered by any any standards and techniques with their approach to exposing the truth I’ll tell you one thing’s for sure the next four years are shaping up to be anything but boring so buckle up check out this sound bite by Adam Schiff now the new senator in California sadly remember this guy as chair of the house intelligence committee during Trump’s first presidency Adam Schiff held a position of immense power tasked with ensuring transparency and integrity in matters of National Security and he did the exact opposite it’s a complete fraud he repeatedly went before the American people almost on a daily basis confidently asserting that he had seen direct evidence of collusion between Donald Trump and Russia that Donald Trump was secretly a Russian agent working for Putin claims that over time proved to be totally baseless he just made them up despite his high-profile interviews and fiery rhetoric Schiff never ever produced hard evidence he had promised even when investigations and reports provided ample opportunity to do so he would go to these private committee meetings discussing Trump collusion with Russia and not a single person in those meetings and these are highlevel politicians and security and intelligence officials not a single one came out with a single bit of evidence of any collusion yet after every meeting shift would come out of the meeting room and speak to the press and say that he was he has clear and hard evidence that Trump is colluding with the Russians he just lied to us look this wasn’t just a failure of leadership it was a deliberate Act of political malice designed to sto Division and distrust leaving Americans questioning the very institutions he was entrusted to uphold his actions were not just Mis misleading they were Flatout lies it’s a cynical betrayal of the Public’s trust he must be investigated and this sound clip clearly clearly demonstrates who this person really is check it out on the day Donald Trump leaves office the justice department May indict him very strongly in favor of indicting the president when he is out of office I don’t think the incoming President should be threatening his political opponents with jail time uh that’s not the kind of talk we should hear from a president in a democracy what a two-faced liar guy is so pathetic how he goes home to his family it’s a disgrace he’s a disgrace to this country like I said he needs to be investigated all right here we are again folks talking about the mainstream media and what a sorry State it’s in this is fascinating piggybacking enough we talked about a couple of weeks ago this story should put a smile on your face and as you once knew once upon a time the mainstream media Outlets claim to be the Guardians of democracy right now now they can’t even outdraw the Food Network that’s right you heard that right CNN the self-proclaimed Beacon of breaking news just got beaten in Prime Time ratings by cast roll recipes and cupcake competitions this is just so awesome I think adbert Anderson Cooper at CNN might want to start practicing his cooking skills because his show along with Caitlyn Collins show the source and Abby Phillips show called CNN newsight averaged a measly 367,000 viewers during the week of December 2nd to put that into perspective Fox News pulled in 2.5 million during the same time slot even Hallmark mystery and Nick at night left CNN in the dust and Among The Advertiser coveted age 25 to 54 demographic CNN ranked a humiliating 26 with just 67,000 viewers in that Advertiser coveted demographic and it gets better to add insult to injury even MTV which I didn’t even think was on anymore and TV Land tvland managed to beat CNN I’m not going to miss words here the mainstream media particular Outlets like CNN are a massive massive problem for this country and I mentioned this earlier they don’t hold anyone on the left accountable and their obsession with the narrative over facts is dangerous they gave President Biden a free pass on everything including we talked about the pardon of his son Hunter a move 70% of Americans disapprove of but had this been a Republican president the outrage would have been deafening so instead of digging into our real issues CNN CNN and their ilk are more focused on fluff and spin and guess what the public has finally noticed get this CNN’s lowest rated week among total viewers since 2001 let me repeat that CNN’s lowest rated week among total viewers since 2001 was just a few weeks ago it’s not a hiccup that is a fullon collapse and here’s the kicker for all their self-importance CNN and MSNBC aren’t even relevant in the media landscape anymore look advertisers don’t care about total viewership they care about the 25 to 54 demographic that’s the key and in the final week of November CNN averaged just 41,000 viewers in this category 41,000 while MSNBC managed an even sad 29,000 you combine those that wouldn’t that wouldn’t even fill Lambo field I mean just let that sink in these networks aren’t shaping public opinion anymore they’re barely keeping the lights on and why should they frankly when you abandon journalistic integrity and let bias run the show viewers are going to turn out and they are but here’s the big picture the failure of outlets like CNN isn’t just embarrassing it’s dangerous the mainstream media was supposed to be the Watchdog for power but they become lap dogs for one side of the aisle they let the left off the hook pushing narratives insteading instead of holding leaders accountable meanwhile the economy struggles and the people the left put in charge to run it and who destroy it are never held accountable so they do more damage because they know they know they won’t be called out they’ll be protected thankfully thankfully now the American people are saying we’ve had enough because trust in these media institutions has eroded as the average American is left wondering who’s looking out for us and this is really good for us folks this will be transformative for our society and our own Prosperity look when people don’t trust the news they don’t trust anything and when the media abdicates its responsibility the entire system suffers we suffer our future suffers and I have to share this this is CNN’s Brian steltzer who got fired from CNN but I think they just brought him back and this is him once again once again talking about Trump and this is so insanely stupid yet so telling and they just can’t help themselves check this out everybody makes spelling mistakes all right everybody does I do everybody does but on Twitter Donald Trump makes a lot more of them than most people just this week he misspelled Republican and unfair but those are hardly the worst examples we have seen countless absurd spellings from the commander and chief he is called chiz shiz there’s hamburgers there’s the smocking Gun there’s a lot of these even misspelling his wife Melania name and he’s been ridiculed for it by late night Comics uh I think you got a couple of typos on that shirt no this was taken verbatim from one of your tweets therefore it’s correct that’s a thing death of truth right it’s actually not that funny I know English teachers are horrified by the president’s poor form lots of other people are embarrassed by it too but I’ve never seen anyone do a comprehensive study of his spelling errors or look at what they mean so that’s where factbase comes in factbase is this excellent website that has every single word the President says some other politicians as well it looks at all of Trump’s tweets even the deleted ones for this database of typos and other screw-ups so we gave president Trump the full benefit of the doubt these researchers only counted true misspellings homophone swaps and incorrect multi-word phrases so here here’s what the researchers found on average Trump makes a spelling error at least one out of every 5 days and since taking office he’s made at least 188 of them total more more than 188 spelling errors on Twitter now what do we compare this to let’s take a look at Trump’s family members to compare to H let’s take a look at the 2020 Democratic candidates as well and just see how Trump Compares well this says it all someone like Andrew Yang 14 mistakes Bernie Sanders three misspellings Obama zero this is during the time since Trump took office Donald Trump Jr tweets a lot so he said 90 mistakes but generally all these politicians they get it right they’re careful they PID close attention to what they’re tweeting president Trump is really the odd man out on this tweet misspellings this is a four and a half minute story it goes on for another two and a half minutes they’re attacking Trump for his spelling errors or his typing abilities I mean think of the work they put into creating that story studying spelling errors that’s their Focus I mean no wonder they’re no longer relevant they deserve it good riddance jeez unbelievable all right so I want to talk about taxes and don’t worry I’m not going to talk I’m not going to launch into a snoozefest about tax policy this one hits much closer to home and also don’t zone out just yet I’ve got a killer Financial tip coming up trust me you want to stick around for that so if you’ve been hanging out with me on this show you know I rant a lot about debt and the astronomical cost of paying interest on that that debt today I want to flip the script and look at it from a fresh and slightly depressing sadly angle so here’s your homework grab your October paste up now take a good look and a good hard look at how much you paid in income taxes this year now I want you to brace yourself because half yes half of that chunk of your paycheck isn’t doing anything you’d expect it’s not fixing your local roads funding schools or securing your social security check when you’re old and gray nope it’s going to pay the interest on the national debt that’s right half of it goes just to interest you’re basically busting your hump at work every single day just so Uncle Sam can keep paying the minimum balance on the government’s NeverEnding credit card bill and let me tell you they’re not even touching the principal they’re just covering the interest month after month year after year like it’s a broke college skid with they maxed out Visa let that one marinate for a minute you’re out there sweating through you’re 9 to-5 being told that your taxes are funding roads schools Healthcare National Security and all the other things they’re not folks said your money is feeding the debt machine that’s ballooned to over $36 trillion just two weeks ago and where’s all that money going you ask it’s not to patch up hot holes that you hit every morning not to improve your kids overcrowded classroom not to even keep the military in fighting shape it’s going straight into the pockets of Wall Street and foreign creditors who are raking it in and laughing all the way to to the bank literally and here’s the real gut punch we’re not even getting anything out of it we’re just paying the interest just keeping the lights on while the government borrows more and more digging the hole deeper every single day so the next time someone throws out the phrase pay your fair share maybe you should remind them that your fair share isn’t Paving your streets or educating your kids it’s just fattening the Beast and the Beast it’s getting hungrier greedier and fatter by the minute all right last story and this one’s really interesting Social Security yep the thing you’ve been forced to fund your entire working life and this is really interesting here’s a fun little nightmare for you and we’ve talked about this social security is circling the drain right if you’re banking on it for retirement you might want to rethink that plan as I told you by 2034 Social Security is projected to be insolvent 2034 insolvent and that’s not some distant sci-fi future it’s practically tomorrow in retirement years and when that day hits insolvency day retirees get an automatic 30% haircut on their social security benefit checks no vote no debate just cut take a moment to let that one marinate you spent decades paying into a system that’s now telling you yeah sorry you’re getting less have a nice day but here’s the kicker and it doesn’t have to be this way Steven Moore in a prageru video it’s it’s great by the way and Steven Moore played a critical role in Trump’s first presidency very very sharp guy and I hope he’s involved in this one as well he lays out a plan that actually makes sense it involves giving people a choice how radical is that right so more suggests optional personal accounts for Social Security where you could redirect your payroll taxes into accounts like a Roth IRA why because the current system is a dumpster fire and May maybe just maybe call me crazy people should have some control over their own money and get this if baby boomers had been allowed to invest their social security tax taxes decades ago the average retiree could be sitting on an $8,000 monthly payout instead of the chump change most get now which is about $1,500 that’s right $8,000 per month I mean imagine you enjoying a real retirement right traveling spoiling the kids leaving your kids a million dollar inheritance instead of stretching every dollar like it’s a like it’s a yoga pose but nope that’s not how the system works instead we’re stuck in the world’s largest Ponzi scheme that’s right it’s a Ponzi scheme and here’s the deal today’s workers are paying for current retirees with the promise that someday they’ll get their cut as well only that cut is shrinking faster than CNN viewers and let’s be honest it might not all EX it might not exist At All by the time gen Z get gets there and what’s the defense for keeping this broken system alive here’s what they say personal accounts are too risky oh sure because relying on a system that’s already circling the drain is the safe option right let’s be real the current system isn’t just risky it’s downright Reckless and it’s time for a change personal accounts would let you grow wealth control your retirement and leave something meaningful for your family in other words it would make you the boss of your financial destiny it really is time to put an end to this Ponzi scheme and demand better optional personal accounts are the way forward period so share this show it to everyone you know because this system system isn’t just broken it’s on life support and if we don’t act now the collapse is going to hit us all all right with that let’s wrap with the financial tip of the week and this is a great one from my friend bam Josh who was a guest on the show a while back and you should follow him on Instagram he offers great financial tips on a variety of topics again bam Josh so this is about transforming your home purchase strategy with an FHA 203k loan FHA 203k loan so imagine this you snag a house and let’s say for $300,000 but it needs some work and now you’re thinking well how will I afford the uh rehab rehab costs right here’s the game changer an FHA 203 Kone with this little own gem you don’t need a massive down payment or a separate loan for renovations and here’s how it works first there’s a very low down payment instead of the usual 20% you can get in with as little as 3.5% down so on a $300,000 home that’s just $10,500 versus 60,000 for a traditional loan then you can bundle in the rehab cost the loan lets you combine the purchase price and the renovation cost into one mortgage so for example if the home price is 300,000 and the estimated rehab costs are 35,000 your total loan amount becomes 35,000 minus the 11,500 you put down at approximately 3 and a half% interest and lastly that extra 35,000 for renovations is placed in an escrow account reserved specifically for your rehab projects this means that you’re not only securing a home but you’re also setting yourself up to upgrade it without breaking the bank again it’s the FHA 203k loan and to learn more about it you can go to their website where the US Department of Housing and Urban Development that’s HUD hud.gov you can also check out reputable Financial sites like nerd Wallet bank rate Investopedia and they often have guides explaining the loan it’s eligibility requirements and tips on using it effectively you can also contact a mortgage broker it’s a great place to start or you can speak with an FHA approved lender because not all lenders offer these loans and you can go to the you can also go to the HUD lender list Search tool to find approved lenders in your area all right let’s close this out so as we wrap today let me leave you with this folks we are standing at a pivotal moment in history the financial landscape is Shifting beneath our feet and with it comes the greatest opportunity of our lifetime this is not the time to sit idle whether it’s investing smarter diversifying the income streams or simply learning to navigate the noise the choice you make today will Define your financial future and I am here to help you I would encourage you to Simply take a look at my cash flow boot camp it won’t hurt to do that it’s specifically designed to equip you with strategies to create consistent income and building long-term wealth because I promise you the opportunities are out there you just need to seize them and my pricing is going back up in 2025 so check out John mcgregor.net caslow to learn how to get started and remember the future isn’t something that happens to you it’s something you create so until next time take care and Aloha bye-bye thanks for listening and supporting full disclosure if you like this episode remember to like And subscribe and follow full disclosure to make a better financial plan for your future join our cash flow boot camp where John shows you a safe and smart way to turn your investments into a steady Ste income stream in a fraction of your time learn to make money in any Market until next time this podcast is a presentation of Rich Dad media NetworkWelcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!
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