About this episode
(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. SEG-1: CPI Day: Markets Anticipation of Inflation SEG-2: How to Make Your First $100k SEG-3: Savings Strategies & Priorities SEG-4: 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 -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=qKIfpOqAENM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell , "Why We've All Become Bettors Against the CPI," is here: https://www.youtube.com/watch?v=dlsvcU1JnIA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Surplus Cash is Ending" https://www.youtube.com/watch?v=pd02kgURCXA&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