True Wealth - Financial & Investing Podcast Littlejohn Financial

Let’s take a look at what goes into making real estate an investment. How do we evaluate price, timing and developing a healthy portfolio.

Discover the nuances of inheriting money & how different types of assets can impact you. We explore the key aspects of inheritance & gifting.

With inflation running hot and the middle class getting squeezed, how do we push through difficult times and overcome the financial adversity? Let’s explore the pain points and learn how we can be better investors.

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.



SUBSCRIBE ON YOUTUBE!



Looking for Personal Financial Advice? - Learn More Here



 



 



TRANSCRIPT



 



00:00:00 Here's the interesting thing about buying into, like the stock market. Okay? Now, admittedly–



 



00:00:05 This is what I tell my wife whenever I buy a new gun, honey, it's an asset. 



 



00:00:09 Well, and the crazy thing is that guns have historically appreciated in value. Unless they are abused, they typically hold their value or even go up. 



 



00:00:16 Interestingly enough, even ammo. You watch ammo prices continually jump, jump, jump. 



 



00:00:21 Yeah. You know when ammo prices drop though? After you shoot it. It's really not worth as much. 



 



00:00:27 Just hold on to it.



 



00:00:36 All right. It is that time of the week, the time where we complain about the inter music and get started with the True Wealth Radio Show. I'm your host, Dave Littlejohn. In studio today with me.



 



00:00:45 Matt Dickson. 



 



00:00:46 Right. Because we're like, how did we pick that one? 



 



00:00:49 Well, we didn't. So we just move on and–



 



00:00:52 Right. 



 



00:00:53 We love it. 



 



00:00:53 What song should we move toward? Can we pull the audio? I want everybody that's listening to throw, especially if you're watching this as a YouTube like thing. Go put the comments in there. We need some intro music. What should we try? Okay, so anyway, but this is not the show, this is not the True Wealth music program. We're not gonna do that. True Wealth Radio Show today. The topic of the day. Huh?



 



00:01:18 Are we talking about wealth? 



 



00:01:19 We are, no, so this is–



 



00:01:20 True wealth? Artificial wealth? 



 



00:01:22 Maybe. 



 



00:01:22 What type of wealth? 



 



00:01:23 Well, today we're gonna talk about being in the middle class and trying to break out of the middle class into the wealth class.



 



00:01:30 Okay. 

Dive into the parallels between today's AI hype and the late 90's tech bubble. Discover similarities, differences, and valuable lessons for smart investing. 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.



SUBSCRIBE HERE!



Looking for Personal Financial Advice? - Learn More Here



 



TRANSCRIPT



00:00:00 What's the diminishing return, right? AI can do everything in 0.001 seconds, but we need to get it down to 0.0001 seconds. And you're like, what's the differentiator? Right now, if it has to fight another AI for something and it needs that speed, maybe, you know, military, something like that. This is for most of us. It's like, I can wait the one 100th of a second and I don't have to spend twice as much.



 



00:00:32 All right, that's the new music. It tells us we're going again. Welcome to the True Wealth radio show. I'm your host Dave Littlejohn. Matt's in the studio with me today. And we're currently setting up cameras and making sure that they are live because we are chatty and sometimes, we're a little slow on the uptake here, but we've got a very interesting show for you. And again, this is the greatest Tuesday you've had all week. 



 



00:01:01 First, I'm just going to say this out loud. I think we're going to have to try to get different music, right? This is not a news program. This is like a financial entertainment program. Right? So we got to talk about money and we got to talk about it. Make it fun. Right. So we, this, that news thing, it just makes me all stressed out. 



 



00:01:22 Well, it's not my favorite. Yeah. 



 



00:01:25 All right. So Dale, we've officially put our vote in Kyle. We were officially voting. We're going to change the music for our program. You know why? 



 



00:01:33 What's like if your life was a theme song, what would it be? 



 



00:01:36 Oh, probably something goofy. It's not like--



 



00:01:39 I had a tiger or something super cool. 



 



00:01:41 No, no, that's cool. That I'm like, I'm not the cool guy. I'm firmly in dadland now. And so my life is a stream together of dad jokes and finance. Yeah. 



 



00:01:57 In that order?



 



00:01:57 Yeah. Do you need me to, are you going to fight the microphone? 



 



00:02:00 I am. 



 



00:02:01 That's like literally just, you guys are going to have to watch the video of it later because it's going to look ridiculous. Like, what are you, are you arm wrestling the microphone?



 



00:02:10 I'm just going to give up for the segment and say, you know what? We'll fix it at the break. 



 



00:21:16 Yeah. So anyway, we got to thinking today, what would be the most valuable thing that we can talk about? And I will tell you, I feel like I was chasing a curveball today. 



 

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.