Love this show! Thank you!

Very helpful Thank you for sharing

Serious misunderstanding of economics demonstrated here around 3:20.... claiming that companies "making more things, hiring more people and to get those people you have to pay them" is the cause or one of the causes of inflation... Outrageous claim. No person with even a basic understanding of economics would ever point to the production of goods or services as a cause of inflation. Realize that if anything, the opposite is true. If the supply of currency remains the same but GDP increases, what happens to the value of each unit of currency? Basic supply and demand...the value of each unit of currency would go up, not down.

@firefalcoln

Ай бұрын

She was also wrong when she asserted that the poorer people are being left behind the most in this post Covid economy. Proportionately, the 25th percentile and median net worth person had their net worth increase at a higher percentage adjusted for inflation from 2020 to 2023 than the top 1%. I think part of the reason for this is that high risk investments have paid off a lot since 2020 compared to conservative ones (even with 2022). And a lot of wealthy people are older and don’t invest aggressively once they’re very rich and older because they don’t need to grow their portfolio as much as protect it. Another factor is that some types of the Covid relief had maximum income levels that recipients had to be under. The top 1% didn’t qualify for the monthly relief checks. And even if they did, $1,000 extra a month for a billion dollar portfolio isn’t much compared to $1,000 a month for a $10,000 porfolio.

@gafee2001

Ай бұрын

@@firefalcoln The "poor" aren't the 25th percentile. They are the people working a few hours at your local pizza shop and trying to feed their kids. The "I don't know how I'll afford my phone bill this month" people. They are getting hammered by inflation while people with investments are seeing some upside along with the inflation.

@kathy_fettke

27 күн бұрын

@elevatedsciencesllc809 No economics degree needed to understand that 1. The supply of currency is NOT the same but rather over $20T was created during the pandemic globally. 2. At that time, companies were shut down and couldn't produce, while people were handed stimulus checks. 3. Demand skyrocketed, while supply remained low. What happens in that scenario? Inflation, of course - which somehow took our central bank off guard. As a result, companies tried to get up and running to meet demand, but the labor and supplies they needed were not there so prices skyrocketed. As a seemingly "expert" in economics, it seems you would know that employers have to increase wages in order to attract employees when there is a small labor pool.\ (we had 2 jobs for every person who wanted one). And that creates inflation. so either the Fed had to cut demand or increase supply. Those chose to cut demand by increasing rates and killing jobs. Pretty simple.

@elevatedsciencesllc8089

27 күн бұрын

@@kathy_fettke I didn't insinuate you need an economics degree to understand this. The scenario you described in your very lengthy response is where prices are rising due to an artificial restriction of the supply of certain goods or services. If the same amount of currency is chasing after a decreasing amount of goods and services then yes, prices rise, but that is not the same as inflation. The cause if inflation is an increase in the money supply.

@kathy_fettke

27 күн бұрын

@@elevatedsciencesllc8089 We absolutely agree there! $20T added to the global money supply in less than two years will indeed cause inflation, and it most certainly has. And those funds have landed in stocks and real estate - making asset holders wealthy.

I’m 53 hoping to end the rat race by 60 with above $100M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.

@jakephillips3716

25 күн бұрын

Here’s my take. If you’re 53 and already have assets accumulated with a retirement plan I would stick with what you know without bitcoin. Although people have made money, Bitcoin is a speculative investment and I personally would not want to take on that risk at the age of 53.

This kinda sounds like propaganda

@kathy_fettke

28 күн бұрын

What do you think I’m propagating?

Lady you are misleading ppl, How do you say millennials have the same opportunity as the boomers when boomers have to save for more than five years to get the initial down payment of a house that is 4-5 times higher than the boomers??? my parents got a house in their late 20's with only 10 thousand dollars... go give any of the new generations that money to purchase a home to see if they can??? you need at least 70 thousand for down payment.... Boomers are the richest group because the economy was on there side and they left nothing for the generations that followed unless you inherited wealth.....

@EdgarMorales-kn7ph

Ай бұрын

I bought a house in my mid 20’s. 10k in 1960 was like 100k and the minimum wage was 1 dollar.

@kathy_fettke

28 күн бұрын

Actually, you can get a 3% down loan as a first time buyer. There are also programs where you can get that 3% loaned to you and forgiven!