Americans Surprising Net Worth, Joe Biden Quits, And How To Achieve The American Dream Again | Money Moves
Millionaire Mindcast
Matt Aitchison Media, Inc
4.4 • 716 Ratings
🗓️ 24 July 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
Episode Highlights:
[00:00:00] - Introduction and Personal Touch
Welcome to Money Moves with a solo episode from Matty A, while Mr. Breedwell enjoys Europe.
Special guest appearance by Matty's daughter, Evie, emphasizing the importance of involving family in learning about money and wealth.
[00:02:00] - Latest Political and Economic News
Joe Biden’s COVID diagnosis and unexpected withdrawal from the 2024 race.
Kamala Harris stepping in as the new primary candidate for the Democrats.
Trump's reaction to Biden’s exit and the potential implications for the Republican Party.
Cybersecurity threats and Elon Musk's call for better infrastructure.
[00:04:00] - Assassination Attempt on Trump
Detailed discussion on the assassination attempt on Donald Trump.
Analysis of the event, its authenticity, and its potential impact on his campaign.
Public and political reactions, including increased support and financial backing for Trump.
[00:09:00] - Real Estate Market Updates
Biden’s proposed nationwide rent control policy and its potential impacts.
Current trends in the housing market, including rising home prices and inventory levels.
Tips on house hacking and leveraging FHA loans to enter the real estate market.
[00:16:00] - Wealth Building and Financial Insights
Average net worth by age decade in the U.S. and where you might stand.
Importance of setting big, audacious goals and aligning actions with those goals.
Personal anecdotes on achieving financial milestones and the importance of continuous learning and adaptation.
[00:23:00] - Federal Reserve and Market Trends
Insights on potential interest rate cuts by the Federal Reserve.
Recent economic data showing deflation and its implications for future rate cuts.
Market reactions and investment strategies in light of these economic changes.
[00:29:00] - Cryptocurrency and Presidential Candidates
Trump and Kamala Harris’s upcoming participation in the Bitcoin conference.
Discussion on the growing importance of cryptocurrency in political and economic landscapes.
[00:32:00] - Financial Discipline and Lifestyle Choices
Rising delinquencies on credit cards and financial struggles for lower-income households.
Statistics on the financial impact of discretionary spending, such as Disney trips, and the importance of financial discipline.
The role of parents in supporting Gen Z financially and the need for better financial literacy and planning.
[00:36:00] - Closing Remarks and Call to Action
Encouragement to stay informed and engaged in financial planning and market trends.
Invitation to take advantage of free financial x-rays and join the deals list for investment opportunities.
Reminder to visit millionairemindcast.com for more resources and tools.
Final thoughts on continuing to invest in yourself and your wealth journey.
Connect with Us:
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Leave a review and share the podcast with others who could benefit from it.
Join us next week for more in-depth discussions on everything that impacts your wealth-building journey. Keep investing in yourself and your wealth on your march to a million and beyond. Cheers, y'all!
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Transcript
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| 0:00.0 | And according to the retirement plan provider of Fidelity Investments, |
| 0:03.6 | they noted that people should have the equivalent of 10 times their income by the age of 67, |
| 0:10.2 | whatever your average income is, by the age of 67, that you should have 10 times that. |
| 0:17.6 | So if you're making 10 grand a month, then you should have 10 times that equivalent |
| 0:24.4 | set aside by the age of 67 to have a comfortable retirement. I don't know about you, but that feels |
| 0:31.6 | a little thin to me. But again, it all depends on your your lifestyle, your living expenses, |
| 0:38.6 | you know, how you're moving. |
| 0:53.3 | What's going on, guys? Welcome into today's episode of money moves. Mr. Breedwell is out in Europe, |
| 0:55.0 | having all kinds of fun. |
| 1:00.2 | So I decided to take a solo episode today, but, you know, I didn't really feel like doing this episode all by myself. |
| 1:01.9 | I figured I would bring in one of the smartest people I know. |
| 1:05.6 | My co-host, Mrs. |
| 1:08.0 | Evie H-SEN. |
| 1:09.9 | What's up, Evie? |
| 1:11.0 | How are you doing today? |
| 1:12.4 | Good. |
| 1:13.1 | Are you going to help me deliver a great podcast? |
| 1:16.6 | Yeah. |
| 1:17.7 | So today, Evey is in the office with me and her and Ella are in the other room. |
| 1:23.6 | And we are all about getting them in as you guys hear on the show all the time, |
| 1:29.5 | getting in the right conversations, the right environments, |
| 1:32.1 | because that's how we grow into learning and becoming those amazing things. |
... |
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