What People Are and Aren't Spending Money On
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 25 April 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Discover what people are and aren't spending money on.
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 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 1498. |
| 0:03.7 | I'm going to live the rich life, full than best life, just if y'all know what I mean, put your hands up and declare with me, yeah, I'm full of bread, ha, ha, ha, ha, ha. |
| 0:18.0 | I'm going to live a good life. |
| 0:21.6 | Beautiful and glorious life. |
| 0:24.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:33.6 | And now, here's your host, Linda P. Jones. |
| 0:44.6 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. |
| 0:54.6 | On today's show, we're going to talk about what tariff spending is and isn't happening, because different things are benefiting from people trying to get ahead of the tariffs and other things people are putting off their spending on. |
| 0:58.3 | Now, I've been covering this for a while and we've talked about the term doom spending, |
| 1:02.6 | which is spending in advance of tariffs and trying to get ahead of any price increases. |
| 1:07.3 | We definitely have seen that in new car showrooms where it seems like the prices have been |
| 1:13.4 | increased ahead of tariffs. But recently we got statistics for April and it showed that consumer |
| 1:19.6 | spending was rising at a faster clip as everyday Americans were rushing to make purchases. Spending |
| 1:26.8 | through the first 15 days in April |
| 1:28.5 | climbed about 3.8% from the same period a year ago. Spending in March increased about 2.7% from |
| 1:35.3 | March one year ago. And this was according to a report done by J.P. Morgan, who noted that some |
| 1:42.2 | of the growth in spending may have also been tied to the |
| 1:44.8 | Easter holiday, which fell almost three weeks later in 2025 than in 2024. The analysts also pointed |
| 1:52.1 | to sliding gasoline prices as a possible driver of increased discretionary spending. But still, |
| 1:58.1 | the potential for some binge buying before the full effect of the tariff policy |
| 2:02.2 | is felt has altered the short-term economic outlook for small business owners and policymakers. |
| 2:08.0 | There's also evidence of businesses stockpiling inventory to last two to three months and said |
... |
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