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March 16, 2023

Conservative Wealth Principles with Carlos Cortez

​Welcome to the wealth architect podcast. We have a fantastic guest today and I am super excited he is on the podcast! He’s the president and retirement planner at Cortez wealth management. He’s an inventor of solutions, ideas and plans with a mission to make the financial world safer, more transparent and more accessible for everyone. He’s basically an experienced financial advisor that’s going to specialize in helping clients prepare for retirement with he’s got a conservative angle to him and an America First approach, which I think is just great. Please help me welcome Carlos Cortez.

To reach Carlos: http://AmericaFirstRetirementPlan.com
#carloscortez
#finance #investing #americafirst #cortezwealthmanagement


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March 14, 2023

Housing Slowing – Are we In Trouble?

So, it looks like home prices are continuing to weaken. You probably know this, but now we’ve got some data to show it. And I’ll show you that data in this edition of the wealth architect podcast. Stay tuned. Just a quick thing to talk about home prices today. We just got a report here, SATA CMBC. home price gains weakened sharply to end 2022 According to a S&P Case Shiller Index report. And that’s an interesting thing, because a lot of people are saying, well, the home market is going to be immune to going down. Now it hasn’t dropped, right, it’s still actually going up, it’s just not going up at the rate that it was. In fact, home prices in December were 5.8%, higher than they were in the prior to December of 2021. So, they’re still growing, which tells you something, it tells you that there’s still inflation, right? Even though homes are going up 5.8%, that tells you that they have been able to get rid of the inflation in the biggest asset category that there is. If something’s increasing at 5.8%, you know what your eggs are doing, right? You know what your gas and your car prices and your milk and your steak, and your vacations are all doing, they’re all going up and so are houses.  Sometimes they take the housing out, but eventually you can’t hide this stuff forever. So, there’s still inflation.  

But housing prices are not growing as quickly as they were. Will they reverse? I think they will. And here’s why inflation is seeing its way into mortgage rates. So as the Fed continues to raise rates, they’re probably going to continue to raise rates through 2023. I don’t know if believe them or not, I don’t know, if we can believe anything they say. At some point, they’re going to have to stop raising rates, because you’re going to kill the economy, I think they’re going to kill the pension system, or they’re going to kill the stock market. And they’re also killing themselves. Because as you raise rates, you have to issue debt. We’re still issuing more and more debt. We’re spending all kinds of money to send it to Ukraine, and to send it to people for all kinds of crazy things. And we’re not really reining in our spending. And if you don’t rein in your spending, you’re spending more. Well, when you spend more, you have to finance it. When you finance it at higher rates. Now, where are you going to get the money? You’re going to have to tax people in the United States more, but there’s not enough people now that make enough money to be able to tax them to offset the amount of interest that we’re going to have to be paying. So, we’re going to have to print more money, when you print more money, that means there was more of it, that means it’s inflationary. So, this is the beginning of a spiral, it’s actually probably not the beginning, it’s probably the middle of a spiral. And that’s the issues that we’re seeing. Now, if you talk about what happened in 2021, it was up about 19%, right housing prices, and now they’re only up 5%- 5.8%. Well, whoop dee doo, that still means that there’s inflation.

So, if you’re a homeowner out there, at least you have a place to live. But if you had locked in a low rate, it’s good for you, if you didn’t lock it in, you’re probably stuck with an adjustable rate. And that means a lot of people with adjustable rates are going to be hammered because their rates have gone up from 2% to 6%, or 7% or 8%. And they may have to move out and there’s going to be a housing bust in some cities when that happens. So, housing prices are going up. Inflation is still here, but housing prices aren’t going up much anymore, because of the increase in the rate of inflation and what the Fed is trying to do with it. So just a quick piece of news on housing. Hope you have a great day and I’ll see you on the next edition of the wealth architect podcast.  

March 14, 2023

Are we in an AI bubble?

A lot of people are talking about artificial intelligence. And here in this podcast, we’re going to quickly go over the options. Okay, everybody’s talking about artificial intelligence. Now it’s really machine learning. But the bottom line is you can go in, and you can use this program called Chat GPT, which is kind of the leader right now. And you could start to have a little conversation with this artificial intelligence robot, you could tell it what you want. For example, you could say, write a poem, like Edgar Allan Poe, that’s five stanzas long. You can say, write a blog post for me about travel in Mexico, you can ask it to do a lot of things. You can have it write songs or plays or music. And it then goes out and searches the internet and it will come out with the best intelligent answer based on what the internet told it.  

Now, the database stops in 2021. So, 2022, and even 2023, beginning of this year, doesn’t have the data in. But it’s pretty cool, though, I got to say it’s promising technology, is it perfect? Well, nothing, that’s just coming out as perfect. But I can tell you, the stocks are starting to respond to what’s going on in artificial intelligence. It’s the fastest growing technology that I’ve seen in a long time. And I used to think Bitcoin was the fastest growing technology. And it was, but now this has been adopted so quickly, that now it’s become the fastest growing technology. And the reason is, it’s free. There are companies that use the API, the application programming interface, to write their own interfaces, and do other fancier things. You can create avatars of yourself. You can have it, take your text and turn it into a video kind of thing. But generally, Chat GPT, if you can get a username and password, it’s free.  

And so, a bunch of other companies are trying to take over and compete in this artificial intelligence space. Will they succeed? I don’t know but a bunch of have been around a while, I’m going to show you two of them right now.  

The first one here is called C3, the symbol is AI. And if you look at the symbol, and I have it on the screen, but if you’re listening to this, it’s got a chart that basically goes from about $180, all the way down to $10. So, it lost $180, all the way down to $10. Huge amounts of loss. And that was from basically the end of 2020, when it went public, all the way down to the $10 price. Now, in the last six weeks, it’s popped up. So, it’s gone from $10 to about $30. So, it’s tripled. A lot of people ask me, Are we in a bubble yet in AI? Well, I don’t know if you look at this chart. To me, the chart looks like it’s in a bubble if you look at it short term. But long term, it’s dropped from like $180. Now, if we look at the fundamentals, and the fundamentals don’t really count in a hyped market, where everybody’s just buying, it doesn’t matter. It’s just because it’s in the right space. This company has never made money in 2020, they lost 71 cents 2021, they lost 32 cents 2023, they lost 73 cents, and, you know, 74 cents in 23, I should say 24-35 cents, so they’re losing less, but they’re still losing money. This company needs to figure out a way to make money, otherwise, they’re not going to be around. They lose 67 cents a year in cash flow. So, they’re burning through money. Now they’re probably able to go out and raise money if they have a compelling enough plan. But looking at the chart, it goes from higher left to lower right. And now there’s a bounce over the last six weeks as AI has really taken off. But are we in a bubble, I think we’re in a bubble. I just don’t know if the bubble is going to burst yet? So, I think there might be a little more to go to the upside. That’s what it looks like on this chart.  

The next one is called Soundhound symbol is s o u n. And it has a very similar chart. And it also has it has never made money. This one went public in the middle of 2022. It had $80, the week after it went public. And then it went all the way down to $1. So, imagine if you had spent $18 at the high-end then it went all the way down to $1. That means there’s a bunch of sellers out there from $18 all the way down to one, they’re looking for opportunities to get out. But they’re also people because of the hype that are looking for opportunities to get in. If you look at this chart, it went up from $18 down to $1, but it’s also going from one up to five. So, imagine buying it at $1, the low-end and you’ve made five times your money. So that’s where it is right now. It’s around $4. So, it’s jumped up again, the same kind of pattern. I think we’re in a bubble, but I think there’s more room to run to the upside. It looks like more people are interested in this and they’re going to start looking around at AI technologies. Do they think they can make it a meme stock, or do they think they can make a quick buck on it?  I just wanted to give you a couple of plays if you are interested in it. Again, this is just information. It’s not an opinion to buy or sell short or do any kind of investments. It’s really entertainment and education. So go talk to the right people, financial advisors or whatever. But you know, I wanted to bring those two to your attention. C3 AI and Soundhound. Hope that helps see you the next edition of the wealth architect podcast.  

March 14, 2023

Cool Real Estate Tax Strategies with Amanda Han and Matt MacFarland

We have some really cool guests lined up for today’s episode. I was just having a quick chat with them in advance, and they’ve got some interesting stuff that I hope we’re gonna get to about real estate. And you guys know that when we talk about real estate, most people look at real estate, as an investment as a passive income investment. So we’re gonna kind of go into that, and I have a feeling we’re gonna go into some tax strategies and some things that really make real estate exciting! I hope you join me!


Links to reach Amanda and Matt:

Website – https://www.keystonecpa.com/
Instagram – https://www.instagram.com/amanda_han_cpa/
Instagram – https://www.instagram.com/keystone.cpa/
Facebook – https://www.facebook.com/keystonecpainc/
Cash Flow Machine Mentorship – http://www.cashflowmachine.io
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Web Site – www.cashflowmachine.io or http://www.markyegge.com
#coveredcalls #coveredcall #leaps #cashflow #stockmarket

January 10, 2023

Secrets of Creating Wealth with Curtis May

Today we have a really great guest. He’s the host of the Practical Wealth Show podcast. He talks about wealth all the time and he’s the founder of Practical Wealth Advisors. He’s been planning for individuals for more than 35 years, and is passionate about helping his clients save money and live the very best life they can right now. We’re on the same page. So here we go, the primary focus of his financial planning firm is to help individuals and families become financially free following the principles of wealth creation, which we’re going to go into today.  Tune-in!

To reach Curtis:  https://www.podpage.com/the-practical-wealth-show/

or find him on YouTube: https://www.youtube.com/@CurtisMay/featured


Mark’s website: https://hokk.finance/
Cash Flow Machine Mentorship – http://www.cashflowmachine.io

January 6, 2023

Crypto Is The Future with Mark Basa

So glad you’re here today we’ve got a guy with the same first name as me, that must means something 🙂 He is a pretty cool dude and were going to be talking a little bit about crypto.There’s lots of news going on these days about crypto and there will always be a lot of news going on in the crypto world because it’s a quickly-growing, exciting space to be in. And there’s always lots of changes, and there will always be lots of changes, it’s here to stay, so you might as well learn about it and from an investment side, it’s also a good thing. Our guest today is the director for Hokk Finance. He’s an early crypto evangelist, which is cool. His decade of experience and ideas established him as a thought leader in creating and building crypto brands. Tune-in to hear more!
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Mark’s website: https://hokk.finance/
Cash Flow Machine Mentorship – http://www.cashflowmachine.io

January 3, 2023

CBDCs Are A Threat To Freedom

The introduction of CBDCs, which stands for central bank digital currencies, has been touted as a revolution for the global economy, providing a secure and efficient way of transferring money and payments. However, there are some significant issues with CBDCs that cannot be overlooked. The first issue is the lack of a unified standard. Since CBDCs are still new, there is no single standard that all countries have agreed upon. And this creates serious issues in terms of interoperability, and compatibility. As different countries may have different systems and protocols this could make it difficult or even impossible for different countries to interact and exchange CBDCs. Another problem with CBDCs, digital currencies, is that they’re vulnerable to hacking, and other forms of cybercrime. Additionally, the lack of a unified standard can make it difficult to ensure that the security as the transactions can be there to protect user data. A third issue is the potential for monetary policy manipulation with CBDCs, government can easily influence the supply of money and the value of the currency. And this could potentially be inflation, deflation, or other economic issues. And finally, another issue is the potential for centralization. This is the big deal.  

And I’ve talked about it in other podcasts, if cbdc has become widely adopted, it could lead to a situation where a single government or a single institution has control over the entire system. And this could have serious implications for financial and economic freedom, as well as the potential for abuse of power.  

So, imagine that you go into a grocery store to purchase food for your family. But since your tweet didn’t line up with what the government would like to hear you tweet or see you tweet, they say, “No, you can’t have the food this week, you can’t spend that money.” Additionally, what if the government and as this has been done in other countries like Zimbabwe, where they actually print an expiration date on the money? What if they do the same thing with CBDCs? They say you have to spend this $1,000 of cbdc money of dollars, right? But you have to do it by April 4, right? If you don’t do it, the money expires, why would they do that? Well, that’s they want the money to go into circulation. So, they’re going to force feed you to do that, that’s going to create massive inflation, as the money moves around, and it gets taxed more and more becomes less efficient. And so, it’s just got a lot of problems.  

Like if you look at what’s going on in China, with CBDCs, they have a social credit score, if you don’t say what the government wants you to say, if you don’t have the right vaccine passport, if you haven’t gotten the right medication, if you don’t line up with what the government wants you to do, right? You don’t send your kid to school. I mean, you can think of a million things that this could cover. They don’t give you food, they don’t let you get on an airplane, they pull your passport, right? They don’t let you pay the mortgage, they take your house, all of that is fraught with problems when you get something centralized, like a cbdc.  

Yes, it’s got some cool benefits like a blockchain would have. But since the government controls it, and it’s centralized, it’s doesn’t have any advantages. It has lots of disadvantages, like I just mentioned. Overall, while CBDCs have the potential to revolutionize the global economy, there’s still some significant issues that need to be addressed. So, until these issues are resolved, it’s unlikely that CBDCs will widely be adopted. And it also means that we have to rise up against them. If we don’t guarantee our freedoms now, they’re just going to take them. I don’t want to be that government conspiracy guy, but I can tell you that it’s happening. It’s happening in China. It just happened in Canada. They had the truckers that had a little bit of a revolt, and they wanted to go protest. Nobody was killed. They went and protested. And anybody that donated to the truckers had their accounts frozen. Anybody that was sympathetic to that movement had their bank accounts frozen. So, this is Canada, this is a China, it’s coming close to home. We’ve got to be careful. We got to make sure if we’re going to put CBDCs in circulation, if we’re going to allow that, it has to have checks and balances, and it can’t be in control of a centralized authority.  

January 3, 2023

Create Strategic Systems For Success in Business with Simon Severino

So glad you’re here we have a fun one today, this guy, I was on his podcast a couple of weeks ago and it was fun. He’s kind of an international guy, he is an Italian dude that lives in Austria so he’s going to give us some flair. He’s a lot of fun to listen to. His main gig is that he helps business owners in services discover how to run their company more efficiently, which results in higher sales. And he created a strategy Sprint’s method to double revenue in 90 days by getting owners out of the weeds, which is pretty important to be working on your business rather than in your business. He’s the CEO and founder of strategy Sprint’s he’s also going to book by the same name, and we’ll probably hear about that too. I hope your join in the fun!

 

To reach Simon: https://www.strategysprints.com/

To reach Mark: https://wealtharchitectpodcast.com/

December 13, 2022

Be Systematic In Your Trading with Adrian Reid

Today we have a pretty cool guy that comes to us from all the way around the world, if you’re if you’re over here in North America like I am. He’s a full-time trader based in Australia and he’s also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating supporting traders on their journey to profitable systems trading. I mean, if you listen to my show, you know that we’re probably on the same page. Tune-in to hear another way to be profitable on your trading journey!

To reach Adrian: https://enlightenedstocktrading.com/wealtharchitect/

To reach Mark: wealtharchitectpodcast.com

 

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December 13, 2022

Passive Income Through Self Storage with Joe Evangelisti

Today we have an interesting podcast about real estate and about how you can find your way in real estate. If you haven’t already, there’s some really interesting topics coming up today. Our guest today was once known as the flip king of real estate before he discovered the overlooked profits hiding and self-storage, which I always think is a fantastic business because it just sits there makes you money month after month, because most of us just want to do is store our stuff?! So, this guy’s got it figured out. He’s gone from flipping over 100 homes a year to making 10 times more money in profits, just from doing five to 10 deals a year in storage. You;ve got to tune-in to this episode! So much to learn!

Joe’s YouTube Channel: https://www.youtube.com/joeevangelisti
Joe’s website: https://storagesyndicate.com/

 

Cash Flow Machine Mentorship – http://www.cashflowmachine.io
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