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    YW Blogcast 11 - The emergency fund saves the day.

    enApril 19, 2013
    What was the main topic of the podcast episode?
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    About this Episode

    No, it’s not Underdog this time. Today we’re going to talk about a simple little financial survival technique that you should get busy on whether a recent grad or still in school. Think you’re too cool for an emergency fund? Think again. Unless overwhelming stress and financial Armageddon are things you crave, listen up to this one.

    Every single person on this planet other than Bill Gates and Warren Buffett need an emergency fund. Okay, maybe we can add most professional athletes to this list also but you get the point.

    Let’s say you’ve started with the baby step of recording every expense for a solid month to find out where it’s all going. Let’s even say you took that information and came up with an honest-to-goodness budget and you’re even sort of sticking to it.

    Congratulations! You’re ahead of most of us. The trouble is, unless you have an emergency fund ($1,000 is a good number), your budget is a ticking time bomb waiting to get blown to smithereens. What happens when you or your car gets sick? Or you have to book a last minute plane ticket to bail your mother out of a Tijuana jail? You gotta do it – get the car fixed, bail her out, whatever IT is.

    These count as emergencies. If you have an emergency fund, life goes on. If you don’t, your budget gets destroyed, you have to sell blood plasma for grocery money, and bad luck multiplies.

    Don’t be a doofus. Make saving until you have a $1,000 emergency fund a HIGH priority.

    Recent Episodes from The Young Wealth Blogcast by Jason Hartman

    YW Blogcast 73: Russia’s War on Ukraine: Peter Zeihan & Russian New World Order, NATO, Economic & Agricultural Fallout

    YW Blogcast 73: Russia’s War on Ukraine: Peter Zeihan & Russian New World Order, NATO, Economic & Agricultural Fallout

    Today, Jason welcomes geopolitical expert Peter Zeihan to the show today to discuss the ongoing war between Russia and Ukraine. 

    Peter discusses Putin’s motivations, Russia’s demographics and energy exports and if the response from the West will be enough to stop this conflict. What are the short and long term economic and agricultural implications of the Russian invasion? Peter and Jason discuss Russia’s army and nuclear weapons, NATO and America’s involvement. 

    All royalties from Peter’s book sales between March 1 – May 31 will go to Ukrainian charities to help with medical needs of the refugees and the people who decided to stay behind. www.Zeihan.com 

    Key Takeaways:

    • Three major thrusts in Russia’s war against Ukraine: Belarus, continuing attacks on Kiev, southern front
    • Partisan conflict guerrillas
    • Argument that Russia doesn’t want Ukraine in NATO doesn’t hold water
    • Putin’s endgame and will sanctions be effective? 
    • Can Russia afford this war? Russia’s current economic reality
    • Is Putin just a desperate tyrant who wants to leave a legacy? And will the US intervene directly?
    • Response from NATO; Russia is seeking a multi step expansion 
    • Most of the Russian soldiers are draftees
    • China and Taiwan conflict and the economic and agricultural implications: widespread famine
    • Oil and gas

     

    ABOUT PETER ZEIHAN:

    Peter Zeihan is a geopolitical strategist and the founder of the consulting firm Zeihan on Geopolitics. His new book is THE END OF THE WORLD IS JUST THE BEGINNING:

    Mapping the Collapse of Globalization (Harper Business; on-sale: June 14, 2022). His clients include energy corporations, financial institutions, business associations, agricultural interests, universities, and the U.S. military. He is the critically acclaimed author of The Accidental Superpower, The Absent Superpower, and Disunited Nations, which have been recommended by Mitt Romney, Fareed Zakaria, and Ian Bremmer. Peter is also a highly sought-after public speaker. He lives in Colorado. For more on Peter Zeihan, visit: https://zeihan.com/. Follow him on Twitter: @PeterZeihan

     


    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free Mini-Book on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips: Vimeo.com/549444172 

    CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    What do Jason’s clients say?: JasonHartmanTestimonials.com

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund

    Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com

    Free white paper on the Hartman Comparison Index™ 

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    YW Blogcast 72: Dr. Peter McCullough, Mandates, Misinformation, Censorship & The Thought Police

    YW Blogcast 72: Dr. Peter McCullough, Mandates, Misinformation, Censorship & The Thought Police

    Join Jason today as he welcomes Dr. Peter McCullough, MD. Dr. McCullough has over 50 peer-reviewed papers and is an extremely credible person in the medical field.

    You can also watch the video NOT on YouTube (having been censored) but on Jason’s other video sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    After receiving a bachelor’s degree from Baylor University, Dr. McCullough completed his medical degree as an Alpha Omega Alpha graduate from the University of Texas Southwestern Medical School. He went on to complete his internal medicine residency at the University of Washington, cardiology fellowship including service as Chief Fellow at William Beaumont Hospital, and master’s degree in public health at the University of Michigan. Dr. McCullough is a practicing internist, cardiologist, epidemiologist in Dallas Texas and the Chief Medical Advisor of the Truth for Health Foundation.

    Listen in to hear another side of this whole pandemic/vaccine debacle and discover what you can do to protect your liberties!

    Follow Dr. Peter McCullough, MD at Twitter @P_McCulloughMD and listen to his podcast America Out Loud: The McCullough Report

    Key Takeaways:

    0:10 Who is Dr. McCullough

    2:15 Misinformation and censorship

    3:50 Booster concerns and the vaccine numbers tell the story

    5:10 Why the misinformation?

    5:40 Data, death and deception- is there any end in sight?

    7:53 What is truly important

    10:45 A collapsing house of cards

    12:32 Numbers are grossly under-reported

    17:00 Data: The vaccines are causing great harm

    20:15 World Council for Health and post vaccine issues

    22:58 Inflammation and post vaccine metrics

    25:23 Fertility side effects, tin foil hats and dating sites

    29:37 Fracturing of decisions- the wall begins to crumble

    33:01 Vaccines don’t work

     


    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free Mini-Book on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips: Vimeo.com/549444172 

    CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    What do Jason’s clients say?: JasonHartmanTestimonials.com

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund

    Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com

    Free white paper on the Hartman Comparison Index™ 

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    YW Blogcast 71: Mark Victor Hansen, Ask! The Bridge From Your Dreams to Reality, Jason Hartman University Live Event

    YW Blogcast 71: Mark Victor Hansen, Ask! The Bridge From Your Dreams to Reality, Jason Hartman University Live Event

    The legendary Mark Victor Hansen, best selling author, real estate investor and entrepreneur is Jason's guest today, talking about his new book, Ask!: The Bridge from Your Dreams to Your Destiny. Most people have beautiful dreams deep inside—the things they would like to have, the relationships they’d love to enjoy, and the wellness and well-being that would help them express their best, in every way. But often those dreams lie buried inside us. Hidden by fear or unworthiness or a lack of awareness of what could be. Asking is the only language to which the Universe can deliver a solution, understanding, illumination, or plan.

    There are three distinct channels through which we can ask: Ask Yourself, Ask Others and Ask God.

    You were born with a destiny. Your job is to discover it. Once you begin to practice the art and science of asking to discover your destiny and start to move toward it, you can manifest innumerable blessings for yourself and others. This isn’t a complicated process; in fact, it’s a simple gift that lies dormant within you. Once you learn to access that gift, everything changes for the better. Ask! will help you access your hidden dreams and reveal them to be recognized and fulfilled in miraculous ways.

    You matter. The world needs you to find your destiny and live it. This book is your guide. Start crossing the bridge to your destiny today!

    Key Takeaways:

    • Introducing Mark Victor Hansen
    • The triangle 
    • Unlocking your potential
    • Wakes up at 2:58am
    • Affirmations
    • Goal versus affirmations
    • What's holding you back?
    • The 4 principles
    • Do everything you desire
    • Be consistent and a "Master Asker"
    • The Top 3 favorite books you've published
    • Final Comments

    Mentions:

    The Collective Mastermind

    AskTheBookClub.com

    MarkVictorHansenLibrary.com

     


    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free Mini-Book on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips: Vimeo.com/549444172 

    CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    What do Jason’s clients say?: JasonHartmanTestimonials.com

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund

    Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com

    Free white paper on the Hartman Comparison Index™ 

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

     

    YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

    YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

    Not long ago, we worried a lot about the lack of jobs. We talked about rising unemployment rates and worried about students graduating into an economy that had absolutely no jobs to offer. We saw individuals with years of work experience and advanced degrees getting laid off, struggling to find any work.

    The problem we seem to be facing now is similar–still troublesome, still limiting. Now we’re left wondering where exactly the wages are. We’ve got the jobs–the labor market is approaching full employment–but wages remain the same.  Logically, an increase in the number of jobs should put more pressure on wages, which would then rise. The unemployment rate is below six percent, which is a huge improvement. Unfortunately, earnings growth is nonexistent.It’s a strange occurrence, leading many to question why exactly that’s happening.

    Place

    When employment studies come out, they’re spread across an entire population. They mean that “overall” employment rates are higher. So what happens if people are getting jobs in one place? It alters the overall statistics. The same is true of wages–while they may be increasing in areas where jobs are growing, they aren’t increasing everywhere. Thus, the numbers are distorted.

    There are also a few industries that are experiencing wage growth, but it isn’t universal. While mining and energy are boasting more jobs and higher wages, retail and food service workers have experience little to no wage growth–and they represent a much larger portion of the labor market. There are a lot of jobs being added to industries that lack wage growth, which causes the overall numbers to be down. Jobs in goods-producing industries have grown significantly since the recession, but jobs in service producing industries (the lowest wages and slowests to grow) are also growing.

    Discouraged and Part Time Workers

    Unemployment statistics obviously don’t account for everything, which makes it hard to get a real grasp on what is actually going on. It leaves us with a class of invisible unemployed people–discouraged and part time workers who desire more hours. Technically, they’re employed, though they likely aren’t working the number of hours they’re hoping to. They’re also potentially working at jobs that are well below their skill and experience level.

    The official unemployment rate is around 5.8 percent excludes these folks who are still not making ends meet with their part time hours. In reality, the number of unemployed Americans has declined twice as quickly as the number of discouraged and part time workers. If we break it down, the difference becomes even more clear. In 2002, official unemployment accurately reflected what was happening in the labor force, with numbers far higher than more “invisible” types of unemployment. Since, the spread has lessened. Essentially, unemployment rates are not at all accurate representations of the actual condition of the labor force in America.

    It’s also important to note that the workforce is aging–which leads to a difference in visible and invisible employment rates.

    A shift in the workforce

    Recently, there’s been an increase in work completed by companies in America by workers who are not American. An emphasis on heavy production for low labor costs have changed the way many companies do business. They’ve led to an increase in productivity and a higher profit margin–but they aren’t good for American businesses.

    Expansion and hiring abroad have controlled labor costs within the United States and have greatly benefited investors–but wages are not growing.

    What it means

    Unfortunately, there are stories all across the United States that echo these findings–people earning low wages who are technically employed but whose salaries have failed to keep up with the rising cost of living. Healthcare is more expensive than ever–double what it cost a family only a decade ago. Gas is twice as much today, and higher education has risen from around $7,000 to approximately $17,000.  And it’s leading Americans into debt. To be more specific, around $15,000 on the credit card and approximately $32,000 in student loans.

    So what do we do to compensate?

    If wages fail to expand (no matter the reason) many people are going to struggle because nothing else is getting significantly less expensive. Attempting to make ends meet can be difficult in a flourishing economy and becomes nothing short of a struggle in the aftermath of a recession.

    As a member of the workforce, you’ve got a couple different options–and some are easier than others.

    Pick up a part time job

    A lot of young people are picking up a nontraditional part time job–think writing, photography, social media management. These jobs allow flexibility of schedule, involve some creative thinking, and allow a person to work from home.

    These types of positions can be great for supplementing income if you’re struggling–and they can open the door to other things.

    Invest

    One of the “other” things they make way for are investments, which is what Jason Hartman recommends. While it is never a good idea to gamble your money with risky investments (like stocks), there are other, more permanent, forms of investments that can supplement your income considerably. With the money you make from a temporary extra job, invest in something that isn’t going anywhere. Everyone needs a place to live, so real estate is generally a low risk form of investment. But don’t buy for yourself–consider your investment an income property and find a way to make your money work for you.

    Your tenants will pay mortgage and you’ll collect some extra money on top of that.  Your investment will make more of the money you’re earning, no matter your wage. While the economy often fluctuates, people will always need a safe, comfortable place to live.

     

    It can be difficult and ultimately frustrating to read the job reports, especially if you’re employed part time and struggle to find full time work. Unfortunately, these types of reports don’t reflect the often devastating reality of unemployment and partial employment. While you may have to work harder for awhile and things may seem grim, keep your chin up–you’ll get through this and be on your way to creating a future of wealth and prosperity.

    YW Blogcast 64 - How to Be Your Own Boss

    YW Blogcast 64 - How to Be Your Own Boss

    The millennial generation is known for a lot of things–tech savviness, high student loan debt, a reluctance to spend forty plus hours a week in a windowless cubicle working for a boss you don’t particularly care for. The millennials and the generations to follow have the entrepreneurial bug and it shows no signs of disappearing.

    There’s this idea that working for yourself is the way to go, and ultimately it’s not a bad one. By taking charge of your strengths and interests, you’re responsible for your own future–your own wealth. In a still struggling job market, the idea of being your own boss can be an appealing one.

    What many fail to recognize is the responsibility, time, and dedication that such an undertaking requires. If you’re considering starting a business, you’ll need to be a good boss–but first you’ll need to be a good employee. There are a lot of other things you’ll need to be, too–and here’s a look at some of them.

    To the responsible go the spoils

    Sure, it may sound a little obvious, but you’re going to need to be a highly responsible person to be your own boss. People that are concerned only with marketing themselves will struggle in a boss role–it’s responsibilities first, branding second. Your personal brand isn’t important if your business can’t deliver.

    You’re also going to need to be extremely committed. This can mean canceling plans to tend to the needs of your business, giving up weekends, and suffering a less than ample bank account for a few years. You’ve got to believe in your business with your whole heart and be willing to do whatever it takes to make things happen.

    You’re naturally optimistic

    (Or at least optimistic about your business.) People who are the boss (of themselves and others) have to have a generally positive attitude, even when things aren’t going too well. Other employees, if there are any, may get down about the process–as the owner, you can’t. People are greatly impacted by the attitudes of others, so maintain a good one.

    Your company is probably your passion project, but that doesn’t mean it exists to serve your needs–ultimately, you’re serving your customer, whoever they may be. You can’t whine about things that happen to your business, be they fair or unfair. Work to lead by an example of positivity and hard, tireless work.

     

    Similarly, your attitude about how to get ahead should be a positive one. If you’ve got a good idea for a business and you’re willing to work hard to be successful, you want to be the kind of boss (if only for yourself) that succeeds because you are achieving and not bullying. Power may come with your position, but it probably won’t be the thing that you’re after. You’ll listen to the ideas of others, educate yourself, and move forward with optimism and leadership.

    YW Blogcast 63 - The Sun Also Rises: Solar Power

    YW Blogcast 63 - The Sun Also Rises: Solar Power

    There’s a lot of talk about the rising cost of energy, and you’ve probably heard discussions about solar power. Perhaps you’ve seen solar panels or billboards advocating for one side or the other. But what exactly is solar power? Simply, it’s the conversion of sunlight into electricity.

    Concentrated solar power systems rely on lenses and mirrors to narrow sunlight into a small beam, while Photovoltaics convert light into electric current–and both work to produce solar power. While there are still a few things to figure out in the area of solar power, we do know that the cost is falling and the potential for low-carbon energy is increasing.

    A brief history

    Commercial concentrated solar plants appeared for the first time in the 1980s. Currently the largest solar power plant finds its home in the Mojave Desert, where there’s plenty of sun. Spain, India, and the United States all have a variety of solar power plants producing at relatively large volumes.

    In the 1860s, development of solar technologies began when people predicted that there would be a lack of goal. In the early 20th century, the development stopped because of the abundance of coal and petroleum. In the early 70s, there were only six homes in North America that relied on solar power exclusively. The 1973 oil embargo and the 1979 energy crisis brought new attention to the potential of solar energy technology and efforts began to more fully research and produce this form of power.

    The early 80s saw oil prices fall, which again limited the growth of solar power. Then, issues with oil and natural gas supplies as well as new discoveries about global warming renewed our excitement about solar power. Since 2000, it has experienced a 40% growth rate and many more plants have been built or are under construction.

    A look at the future

    So, historically speaking, cheaper fossil fuels mean that we care a little bit less about solar deployment. But that may be about to change–solar power is getting even cheaper and is on track to be the cheapest form of electricity. While you might think about solar power as being something only the wealthy can afford, times are changing.

    Solar energy is becoming something that is accessible for everyone, and prices will likely continue to drop. Technology is finally trumping fuel, and it means that efficiency will likely increase. Fossil fuel, on the other hand, is becoming more expensive and less efficient.
    Experts predict that, by 2050, solar electricity will be the world’s single largest source of electricity–shocking, since it accounts for just a fraction of one percent at present. Interestingly (and understandably) the small market share that solar energy currently has means that, even with rapid expansion, other forms of energy will not be impacted, at least price-wise–but they’re losing their power, so to speak.

    Some cool applications

    You may have seen an increasing number of electric vehicles roaming around the streets–but some of them are now being powered by sunlight. By installing solar panels on a rooftop, it is possible to generate enough energy to power a vehicle. The panels aren’t cheap, but they’re increasingly affordable–the vehicles, on the other hand, are pretty pricey.

    Expect to pay about $7,200 for a gas-electric hybrid vehicle with solar capabilities than you would for an average car, even with the federal tax credit. It’s an investment, but advocates are confident that its going to pay off.

    While we’re not sure how many electric cars are actually being powered by the sun, we can provide a look at how many electric and plug-in cars are being sold–97,563 last year alone in the United States. That number is up 83% from the year before, which is pretty significant.

    About 500,000 homes and businesses in the United States have some form of solar installation. To give you an example–enough panels for an average house might be 41, which will cost $51,865. The federal tax credits received bring that number down to $29,205. The panels will produce about 14 megawatt hours of electricity, around 8 of which a family might use. If you add a solar powered car into the mix, you’ll use an extra 5 megawatt hours approximately.

    And If you’re not by a charging station, you can use gas too–but your costs are significantly reduced. It is estimated that solar power will pay off for such a family in only six years. Without the car, it will take almost 12 years to pay off.

    A few things to consider

    As with anything, there are a few things to consider. You’ve got to have a roof for solar panels and it has to be a sunny one. A big clear roof is best–chimneys can be pretty pesky. Also, while costs are significantly down, it’s still a pretty significant investment. You may be able to lease too–and there are a lot of tax credits available for both solar powered homes and solar powered cars.

    You’ve got to think more about your location too. While cities may provide a number of electric charging stations for your car, more rural areas may be lacking. There are cars that can suite your needs virtually anywhere though–some offer gasoline backup in case of emergencies and may be a better choice for those in more “out of the way” areas.

    Solar power is getting cheaper, and it promises to change the way we consume things going forward. While it might be an initial investment, it promises to make your property more valuable in the long run.

    Whether you own your own home, rent from someone else, or manage a variety of income properties, solar paneling is the wave of the future. So far, it seems like a great way to increase the overall value of your home while doing something a little friendlier for the environment.

     

    What do you think? Is solar power the way of the future? Is it going nowhere? Would you consider installing solar paneling to power your house, vehicle, life? Let us know!