True Wealth - Financial Podcast Littlejohn Financial

In a time where everything costs more, taxes are a burden and wage growth might not feel adequate, how do we fight back? This episode breaks down practical ways the middle class can stretch the dollar and make smart money moves.



Episode Highlights:



The potential investment value of firearms and ammunition, and the challenges the middle class faces in ascending to wealth.

Impact of COVID-19 on global supply chains, the shift in manufacturing from China to other regions for resilience and national security, and the role of geopolitical tensions and media narratives on financial markets.

Insights into economic cycles, the possibility of inflation or deflation, the role of the Federal Reserve and the complexity of managing government debt and interest rates.

Strategies for wealth accumulation through asset allocation, the importance of investing in appreciating assets and balancing spending on life-enriching experiences with saving for financial growth.

Principles of scarcity and leverage as they apply to economics, including the high market value of professional athletes due to their unique skills and limited supply and the strategic moves in industries such as semiconductor manufacturing.

An understanding of how tax implications affect different income streams and the advantages of certain types of income such as long term capital gains, real estate and passive income over earned income.

Dive into the parallels between today's AI hype and the late 90's tech bubble. Discover similarities, differences, and valuable lessons for investors. Explore how historical trends can guide us in making smarter investment decisions amidst the current AI craze.



Episode Highlights:



AI's transformative potential, economic disruptions, and cybersecurity risks, balancing its benefits with potential drawbacks.

The true cost of technology, particularly AI and its impact on the job market, including potential job losses.

Energy usage and carbon footprint of AI platforms like ChatGPT, alongside the resource requirements of electric vehicles and AI technology.

The adverse impacts of technology on social behavior, productivity, and the risk of dependency, prompting the necessity for a 'tech detox.'

The speed of market transactions, the shift to decimal stock prices, blockchain technology, and the environmental impact of AI and digital technology.

In this video, we'll explore how different generations view and manage money based on their historical experiences. From The Silent Generation to Gen Z, we'll discuss the unique perspectives each generation brings to money management.

Curious about mutual funds? In this video, we dive deep into the structure of mutual funds to help you understand them better. So many options, but we've got you covered!

Are you struggling to make financial decisions? A financial coach can help you reach your financial goals and reduce financial stress. Find out if a financial coach is right for you in this video!



In this episode, you will learn the following :



Human aspect of financial advising and the importance of personalized coaching.

The transformative impact a financial mentor can have on an individual’s success.

Significance of strategic advisory teams and the concept of having a personal ‘board of directors’ for different aspects of life.

A holistic financial advice that encompasses taxes, legacy and trust planning is important.

Value of tailoring a coach’s approach to the individual needs of clients for optimal growth.

Role of third-party expertise in business and how it can contribute to monumental growth and avoidance of pitfalls.

Building a strong professional network and being selective in choosing experts who can communicate effectively is necessary.



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Confused about which retirement account is best for you? In this video, we break

down the differences between Roth IRAs and Traditional IRAs, covering key details and

considerations to help you make the best decision for your financial future. Watch now to

become an expert on Roth vs Traditional IRAs!



In this episode, you will learn the following :



● Distinguishing between traditional and Roth IRAs, their tax implications and the

significance of rolling over these accounts.

● The IRA contribution rules, emphasizing that one must have earned income to

contribute.

● The importance of maximizing catch-up contributions for those over 50.

● The need to stay current with regulations that adjust for inflation and the changing

ages for required minimum distributions (RMDs).

● The significance of keeping track of non-deductible IRA contributions, which can affect

your tax situation upon withdrawal.

● The five-year rule for Roth IRAs, explaining that both contributions and conversions to a

Roth IRA must satisfy a five-year holding period to avoid penalties.

● The estate planning considerations.

● The unique benefits of Roth IRAs in estate planning.



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