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Radical Personal Finance

816-Global Supply Chains are in Disarray; Buy the Physical Items You Need and Want Now

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 25 September 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Radical Personal Finance, a show dedicated to providing you with knowledge,

0:03.7

skills, insight, and encouragement you need to live a rich and meaningful life now, while

0:08.1

building a plan for financial freedom in 10 years or less.

0:11.3

My name is Joshua Sheetz.

0:12.3

Today, I want to talk with you about security.

0:15.2

I want to give you a warning and hope to do this in the appropriate way.

0:22.6

Right now, global supply chains are in massive disarray.

0:28.5

They are experiencing massive stress.

0:32.6

Perhaps you have noticed that many things that you would like to go and get right now are

0:39.2

limited in quantity or unavailable.

0:43.1

This is not universally true for any one market or in any one country.

0:49.9

Rather, what you're seeing are shortages in pockets.

0:54.0

And for that reason, I think there's some chance that perhaps you're not noticing this,

0:58.9

and so thus I want to warn you.

1:01.0

But if you go looking for it, the warnings of the shortages that people are experiencing

1:06.5

right now are abundant.

1:09.5

They are everywhere.

1:11.0

And they are across all kinds of industries.

1:15.2

Industries that you wouldn't ever expect.

1:17.4

Some of these are large and quite visible, for example, we know that there are thousands

1:22.0

and thousands and thousands of mostly finished automobiles sitting in parking lots unfinished

1:27.1

because manufacturers can't get computer chips.

...

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