Is the Economy DOOMED? (And What to Do About It)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 29 May 2024
⏱️ 29 minutes
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Summary
Transcript
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| 0:00.0 | Everywhere you look people are telling you the economy is doomed. Is it? |
| 0:12.6 | Brian, I am so excited about this because we get to speak truth. |
| 0:17.6 | We get to tell you the real story. |
| 0:19.0 | What are the things that you should be afraid of |
| 0:21.6 | and what are the things that you should not be afraid of and what are the things that you should not be afraid of. |
| 0:24.4 | And we love that we can do that. We love that we can speak to the things that you care about that are top of mind for you. |
| 0:30.3 | So right now, we have a team out in the wings collecting your |
| 0:33.6 | questions. So if you have a question you want us to weigh in on, something you want to |
| 0:36.7 | hear from us, make sure you get it in the live chat right now. With that, |
| 0:40.7 | producer Ruby, I'm going to throw it over to you. |
| 0:43.0 | Oh yeah I've got a good question to kick us off from Kelly she says is the |
| 0:47.3 | economy doomed I keep hearing that they the economy is going to crash that I'll never own a home, and that retirement is impossible. |
| 0:56.1 | It's hard to stay positive with everyone telling me that we're doomed. |
| 1:00.1 | Well things have return around, and how can I make sure I'm still able to reach success |
| 1:04.8 | when things are a little bit scary? What do you think? |
| 1:07.4 | What was the name? Kelly. |
| 1:09.3 | Kelly. So Kelly, let me start here. |
| 1:13.6 | First, I want to say, we hear you, right? |
| 1:15.8 | So why is the common sentiment right now? |
| 1:18.5 | Why do people think that the economy is doing? |
| 1:21.3 | Well, you mentioned one, housing is at like all time or near all time |
| 1:26.1 | unaffordability, right? Like it is very expensive to try to get into a home, try to change a home, |
... |
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