Welcome to Money for the rest of us.

This is a personal finance show on money, how it works, how to invest it, and how to live without worrying about it.

I'm your host, David Stein.

Today is episode 553.

It's titled, Is Another Great Financial Crisis Coming?

Five Ways to Prepare.

After I released episode 552 of the podcast two weeks ago, I got an email from

Chris, a listener, who said, I'm shocked. No words on the economy today. Now, that was released on

March 11th. Two weeks after, or not even two weeks after the U.S. and Israel attacked Iran.

I had just spent the prior week composing our

monthly strategy report for Plus members and asset camp. I had dug deep into potential

consequences of what was going on with Iran, and I just, I wanted it to go away. And I was

hoping it would go away. But now it's been almost four

weeks. All prices remain over $90 per barrel, up 40 percent, and there are potential longer term

consequences of what is happening there. So we're going to talk about it. But more importantly, we're going

to talk about what can we do if indeed another great financial crisis is coming. So just to catch

you up on February 28, 2026, President Trump made an announcement. He said a short time ago,

the United States military began major combat operations in Iran. Our objective

is to defend the American people by eliminating imminent threats from the Iranian regime. Later,

in that statement said that's very simple. Iran will never have a nuclear weapon. That's the objective.

He said they tried to repeatedly make a deal and at times they ran

one or two. At times they didn't, they went back and forth. He said they rejected every opportunity to

...