Why is There a Car Shortage?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 28 June 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Learn why there is a car shortage and how to get a good deal on a car.
The first article is here.
The second article is here.
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 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?
-Asset allocation model with ticker symbols and % to invest
-Monthly investing webinars with Linda
-Private Facebook group with daily insights
-Weekly stock market commentary email
-Lifetime access
-US and foreign investors, no minimum $ amount required
Extending the special offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here.
PLEASE REVIEW THE SHOW ON ITUNES
If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!
SUBSCRIBE TO BE WEALTHY & SMART
Click Here to Subscribe Via iTunes
Click Here to Subscribe Via Stitcher on an Android Device
Click Here to Subscribe Via RSS Feed
WEALTH HEIRESS TV
Please subscribe to Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here.
PLEASE LEAVE A BOOK REVIEW
Leave a book review on Amazon here.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Men love it too! After all, you are Wealth Heirs. :)
Available for purchase on Amazon.
International buyers (if you live outside of the US) get my book here.
WANT MORE FROM LINDA?
Check out her programs.
Join her on Instagram.
WEALTH LIBRARY OF PODCASTS
Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.
TODAY'S SPONSOR
I want to take a few seconds to tell you about how I "read" more books and stay ahead of the curve. It's by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE!
I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
(Some links are affiliate links. There is no additional cost to you.)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart, episode 897. If y'all know what I mean put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith |
| 0:16.2 | I'm gonna live a good life I'm gonna live the good life |
| 0:21.2 | and you're gonna glorious light Step into a world of wealth and |
| 0:25.0 | a world of wealth and financial freedom without budgets, boredom or bosses, |
| 0:31.0 | on Be Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.0 | On today's show, we're going to talk about used cars and how to get a goodbye on a used car. This is something I thought was timely because it came up in my own life where I was talking with a girlfriend about the car situation and I was saying that there is a chip shortage which means that new cars |
| 1:08.8 | are on a delay of being able to be made and delivered. And so used cars have become more expensive. |
| 1:16.2 | And we were talking about her wanting to buy a car |
| 1:20.0 | and what she should do, and I wanted to do some research and share some information with you just in case |
| 1:25.9 | maybe you're in the same boat. So this article comes to us from |
| 1:30.1 | CNY Central and it says supply shortage means you'll get top dollar for a used car but new cars are hard to find. |
| 1:38.0 | And it says new cars are getting increasingly difficult to find thanks to a crucial component now in short supply. |
| 1:44.3 | There's a hole in the semiconductor supply chain for automobile manufacturers, said |
| 1:49.5 | Dr. Patrick Penfield. |
| 1:51.2 | Dr. Penfield is a supply chain management professor of practice at Syracuse |
| 1:55.9 | University explaining that semiconductor chips, which can be found in the vast majority |
| 2:01.2 | of electronics from phones to video game systems to cars |
| 2:05.0 | are hard to come by due to the pandemic. |
| 2:08.0 | They're in everything everywhere. |
| 2:10.0 | Electronics these days, they all require some semiconductors said Dr. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.