A Pullback is Underway
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 24 September 2021
ā±ļø 10 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn why a stock market pullback is underway. You can call it a correction, but stocks and cryptos will decline about 10%, then resume a bull market, in my opinion.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!Ā
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 935. If y'all know what I mean put your hands up and declare with me |
| 0:13.7 | yeah I'm full of time I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, |
| 0:41.9 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.2 | On today's show, we're going to talk about the pullback is underway, otherwise known as |
| 0:51.0 | a stock market correction. Now here's the thing. I talked yesterday about how |
| 0:57.2 | China and its banks are not the same Lehman moment that we had in 2008 and 9. |
| 1:04.4 | Well, a funny thing happened after I recorded that podcast. |
| 1:08.6 | You see, yesterday, as I was recording that it's different from Lehman Brothers because Evergrand is state-owned, |
| 1:16.8 | that means the government, their Central Bank in China, can print money to protect it from |
| 1:21.0 | crashing. |
| 1:22.1 | And after I recorded it and uploaded it ready to be aired on Wednesday, |
| 1:28.0 | about eight hours after that, it was announced China Central Bank |
| 1:32.0 | injected 18.6 billion dollars into the banking system to |
| 1:36.7 | show it up. |
| 1:38.0 | Here's the exact quote from Bloomberg. |
| 1:41.2 | It said China's Central Bank injects 120 billion Yuan, which is 18.6 billion |
| 1:47.3 | U.S. dollars, into the banking system after concern over a debt crisis at Evergrand, Royal Global Markets. |
| 1:55.0 | So while everybody else was going crazy calling this exactly the same as Lehman with systemic |
| 2:02.1 | repercussions, I was taking the as Lehman with systemic repercussions. |
... |
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