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InvestTalk

InvestTalk 7-11-2024 – 2024 Cost of Living: HCOL vs LCOL States

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 12 July 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

As we navigate the current economic landscape, it's crucial to understand the stark differences in cost of living between states. Factors like housing, groceries, healthcare, and utilities can vary significantly, impacting your overall financial well-being and disposable income. Identifying High Cost of Living (HCOL) versus Lower Cost of Living (LCOL) states can help you make more informed decisions about career moves, retirement planning, and family budgeting.

 

Today's Stocks & Topics: ROKU - Roku Inc. Cl A, MALRY - Mineral Resources Ltd. ADR, FEPI - REX FANG & Innovation Equity Premium Income ETF, Bonds, FWRG - First Watch Restaurant Group Inc., Market Wrap, 2024 Cost of Living: HCOL vs LCOL States, BTE - Baytex Energy Corp., NOC - Northrop Grumman Corp., Presidential Election Odds, Passive Investing.



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Transcript

Click on a timestamp to play from that location

0:00.0

At a time when investors are confronted with market volatility and a variety of challenges

0:09.7

fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures.

0:17.0

Justin Klein stands ready to take your finance and investment questions and share his unbiased answers.

0:24.8

Invest Talk is made possible by KPP Financial,

0:28.6

a registered investment advisor firm serving clients

0:32.0

throughout the United States.

0:34.0

The clarity for your path forward starts now.

0:39.0

Here is KPP Financial Chief Executive Officer, Financial Advisor Justin. I P Financial Financial

0:43.8

Financial Advisor Justin Klein.

0:47.0

Good afternoon fellow investors and welcome back to Invest Talk.

0:51.8

This is our Thursday July 11th 2024 edition. I'm Justin Klein and the

0:57.2

objective here is the same which is to help you achieve your own version of financial

1:01.2

freedom by giving you actionable material, the right data to pay attention to, and the right perspective, the right frame of mind that you need to make good decisions with your money,

1:14.0

one that keeps emotion out of it and focusing on on the facts at hand.

1:21.4

Getting rid of as much bias as you can, no one gets rid of at all, but trying to eliminate

1:29.3

the natural bias that comes from your life experience, right?

1:35.0

Which political leaning you might have,

1:40.0

what type of lifestyle you grew up,

1:44.8

whether it was wealthy or poor or middle class,

1:47.9

all of that has an impact and more

1:50.8

on the way that your thinking is framed. So we're here to help you reorient that

1:57.4

thinking to try to get rid of that bias, get rid of that emotion and simply focus on the facts that are in front of us.

...

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