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I mean, I focus on the
things quite finely. And you know,

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my clients are most concerned with not
what a television is going to cost them,

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the items that they're going to spend
on every single day. And I

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think that's most Americans, and that's
getting worse instead of better. So they

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they can give us a line of
bowl and tell us, oh yeah,

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it's coming down and it's not going
up as quickly. But here in this

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country we're getting smacked up side the
head now. And I have the ability

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to travel and different places around the
globe, and when I see what other

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people are paying for groceries compared to
what we're paying for groceries, something's amiss

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here. So something's not right.
We've got breakdowns when it comes to regulation,

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over regulation, if you will,
and Washington, DC, what's spending,

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a myriad of problems where we can't
get out of our own way,

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and the amage Americans supper. You're
listening to Carrie Let's Financial Survival Network where

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00:00:54,920 --> 00:00:59,920
you get valuable information you just can't
find anywhere else to thrive, and today,

15
00:01:00,159 --> 00:01:04,159
trying times, you need the Financial
Survival Network now more than ever.

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00:01:04,719 --> 00:01:08,879
Go to Financial Survival and Network dot
com. And get your free newsletter and

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00:01:10,000 --> 00:01:19,959
gift. Financial Survival Network now more
than ever, and welcome you are listening

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to watching the Financial Survival Network.
I'm your host, Carrie Lutz. Hey,

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it's a mid September of twenty twenty
three. Can you believe it?

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We actually made it? There were
times it didn't look like it. Well,

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markets have been pretty strong lately.
Is that good? Is that bad?

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Does that mean there's nothing else available? And that's why you're putting your

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money there? Well, we got
some inflation numbers today, and it looks

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like perhaps the Fed has some breathing
room here, or perhaps these numbers are

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total fantasy numbers and things are much
worse than they seem. Well, we've

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got to Watchdog on Wall Street dot
com. Chris Markowski with us. If

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you got a question for him or
myself, I urge you to send us

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an email will get you an answer. K l at Krylutz dot com.

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That's the email address, Chris.
It's been quite a while. It's really

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great to have you back on the
show. So inflation is done and we

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should all be celebrating. Right right, last time I checked, actually pay

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the bills in my house and the
grocery bill is not coming down, the

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gasoline bill is not coming down.
My electricity prices continue to rise and go

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right on down the list. This
fantasy that's being pitched to us that you

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know, everything is getting back to
normal, are awesome, is patly absurd.

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Even when they had the headline inflation
at two percent, it was pat

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lee absurd. I mean, I
focus on the things quite lightly, and

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you know, my clients are most
concerned with not what a television's going to

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cost them, and the items that
they're going to spend on every single day.

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And I think that's most Americans,
and that's getting worse instead of better.

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So they they can give us a
line of bowl and tell us,

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oh, yeah, it's coming down
and it's not going up as quickly.

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But here in this country we're getting
smacked upside the head. Now. You

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know, I have the ability to
travel and different places around the globe,

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and when I see what other people
are paying for groceries compared to what we're

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paying for groceries, something's amiss here. So something's not right. We've got

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breakdowns when it comes to regulation over
regulation, if you will, and Washington,

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DC, it looks spending a myriad
of problems where we can't get out

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of our own way and the amage
Americans supper. Hey, I know what

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you mean, and you think,
hey, well, I'll go grow my

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own food, catch my own fish. I went out with a buddy fishing.

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There are four of us on his
boat. Now, granted he's got

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a couple of the big engines on
that boat. We didn't go out for

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that long. We caught twenty but
look to be red snappers. And I

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said, oh, that's great.
And you know, I got a food

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here two three days. That's going
to save me money. Then we went

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and pulled the boat up to the
pump and it was four hundred bucks to

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fill the tanks. So this food, we probably had twenty thirty pounds of

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it was similar to red snapper.
I take the call, yeah exactly,

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So what do we save? Right? I mean he was nice, he

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paid for it. I would I
offered to chip in, but he paid

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for it, so it didn't cost
me anything. But luckily he doesn't like

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fish, so we had more.
But you know, it's what are you

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supposed to do? Gas is up
to close to five bucks a gallon now,

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right? Yeah? And I had
no end in sight. You know,

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yet he take a look yet,
I mean, it's it's everything.

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You take a look at the the
average you know, price of an automobile,

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a new automobile here and the strench
I had that there's one car right

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now, that new car United States
or Mitsubishi clips that is just so just

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under twenty thousand. I think it
just went over twenty thousand dollars. Average

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price of a new car. You
know, it's close to forty grand here

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in this country. The average price
of a hole I actually did inflation adjusted

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numbers compared to what it was in
nineteen eighty and if I should adjusted,

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it's hundreds of thousands of dollars more
than it was back then. And easy

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costs that Americans have to pay every
single day. And you know, it

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just gets this overall feeling. And
this is why you take a look at

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the polls and the people's feeling in
regards to the economy feels like you're on

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a perpetual hamster wheel that keeps getting
faster and faster and faster. And that's

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you know, that's that's tough on
the America people. It's tough on the

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Psyche other the American people here in
this country. You just you can't really

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many people just chance even get ahead
of Hey, well, you know,

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and the problems that you're describing,
it's all government, self inflicted wounds.

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Right, well, no government,
but we vote for these people, and

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that the unfortunate thing. You know, I got this. You've got a

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uniparty here, you've got your donkeys, and you've got your elephants. But

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no matter who's in charge, they're
always they're always looking for more spending,

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more projects. There's never any thought
of actually reducing our debt and deficits.

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I got to throw up in my
mouth every single time I see that guy

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with the aviator glasses tell us that
he's cutting deficits two twillion dollars twenty twenty

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three, two twillion dollars and deficits
and more government spending coming down the pike

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and handing subsidies out to this automaker
and that automaker. And it's it's non

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stop, it's perpetual. And the
sooner that we can get people with the

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positions of power that are going to
get the government out of the way and

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let the free market prevail, the
better off we're going to be. Yeah,

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well, I don't know when that
day is coming, Chris, but

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I'll tell you. You know,
when you look at how prices have gone

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up over the years, Like you're
in the York, the tolls tolls and

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bridge tolls have got up like twenty
times faster than the so called rate of

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inflation. Taxis on subway travel,
your coffee shaming cream ain't go right on

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down the list, everybody, everyday
items you know that I did. That

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song I would get on my show
was from the Jungle Book. The bare

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necessities that should be the inflation index
should be their bare necessities inflation index the

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stuff that you have to buy every
single day to live on. Yeah.

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Yeah, Well, one of my
favorite inflation measures is the cost of a

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Thanksgiving dinner. And I would also
put a Fourth of July barbecue because those

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things don't really change over time and
you get a real indicator. And last

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year Thanksgiving dinner was up twenty two
percent. I don't remember exactly how much

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the Fourth of July barbecue is up, but substantially. And yet we're supposed

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to believe them that inflation is under
control, right crazy, Yeah, that's

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that's they're one of the grand wives
that that's out there, no makes effect

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that the FED to really do anything
about it, and it's stout coward these

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members of the Fed. Are you
go back to to Paul Volker, Yeah,

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did Key raise rates, but he
also you know, chastised the Congress

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in regards to Hey, listen,
you're going to have to cut back here.

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You know, spending does matter.
You know, they've bet a pretty

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much a credit card U for our
federal government. All the profit that's spending

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that's going on that needs that needs
to be cut back. I mean,

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the FED wants to really stop the
inflation we're dealing with right now. They

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got to can almost quote that ridiculous
Kernel from the Vietnam War, you need

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to destroy the village in order to
save it, and he had that's what

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we need to have. One.
We need to get a deep procession,

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almost a depression to get to get
gasoline prices down. And we don't want

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that. Yeah, you know,
it was just in Columbia, and your

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average lunch there is about five to
ten dollars, probably closer to seven or

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eight everything there. The food we
eat at the best restaurant in Metagine up

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on the mountains, and it averaged
out the best restaurant like you know,

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you're talking like boloo quality and we're
looking at you know, forty five dollars

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a person for that kind of dinner. You know, so see crazy,

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you can't get out of Starbucks for
a few people with that. At this

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point time, I said, every
summer I'd do my vacation where meat.

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You know, my wife's family s
week we go to Greece. So we

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go to the islands there. It's
it's way cheaper to go on vacation in

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Greece than it is to go anywhere
here in the United States. The same

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thing. And we go with a
bunch of people, you know, my

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kids and their friends. They go
out. I got a call, you

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know, Dad. We had all
this food to sulakee and beers and wine.

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It was fifty bucks. Yeah,
I mean, it is what it

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is. I mean, it's just
we're constantly being banged over the head here

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in this country, and you know, it doesn't make any sense, yep,

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yep. So so as an individual, obviously all these things are going

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on. You need a new car, you got to pay for what it

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is. How do you manage how
do you invest your money? How do

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you save enough money? To have
anything to invest, to have anything left

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over. I think many of you
concerned about that. Well, yeah,

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again, I've been tracking inflation prior
to going parabolic and the FED telling us

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it was transitory. This has been
going on for some time. And again,

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you know, i'd get given a
realistic approach to my clients and rather

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than the stupid commercials that are on
TDV where you're going to retire. You

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know, school teachers are retired with
vineyards and nappa and that nonsense that they

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try to shut down your throat.
You gotta have to have the realistic approach.

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And sometimes it's delaying and retirement for
certain people there. Maybe it's retiring

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from that job that you had and
maybe working a couple of days a week

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to the three days a week you
might not want to do it. I

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think it's a healthy thing to do
quite and frankly, you keep your mind

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as active as possible. Through my
experience, it's one of the things you

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had. But you know, you
got to deal with the terrain. I

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mean, you got all the people
wishing, oh I wish we had this

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in the defined pension systems that yeah, I understand all that, but also

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the demographics are changed where people who
are older are living longer and healthier lives.

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Yeah, has a mortality come down
here in this country, tap,

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but that has more to do with
drug overdoses and younger people die that it

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does older people. And these pensions
that were designed that worked for a while,

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we're an essence SPONSI schemes to some
degree because they weren't taking any of

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these actuarial realities into account. In
the same way that solcial security is going

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to be cut by almost thirty percent
within the next ten years, that's a

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reality. You can pretend that it's
not there. The two leading candidates for

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the presidency right now, you've got
Donald Trump and Joe Biden, they don't

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even want to I acknowledge that that
problem even exists. And it's there.

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So these are things that you need
to do. And again I don't try

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to tell people you know you want
to enjoy. To me, it's not

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so much financial plan it's financial preparation. You're saving and you're putting money away

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00:12:22,200 --> 00:12:26,279
and your dollar cost averaging so you
can take advantage of opportunities that are going

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to present themselves throughout life. And
you have to be honest. Okay,

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you've got to have that that socratic
know thyself and not that know thyself,

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know what the realities of the terrain
are. And these are the realities of

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the terrain right now, right this
is are going up. I don't see

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00:12:41,639 --> 00:12:45,360
them coming down any time. So
this is what you're going to be dealing

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with. So you have to prepare
for it. And he did it.

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We're seeing credit card balances off at
levels that we ever see average ships over

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00:12:52,000 --> 00:12:56,480
ten thousand dollars per households here in
this country. You don't want that to

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not put I mean you have to
take that extra job where you have to

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00:13:00,679 --> 00:13:05,000
make some changes within your household budget, do it due to it. Don't

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00:13:05,039 --> 00:13:07,720
get yourself behind the apall compounding can
be the royal road to richest. We

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00:13:07,759 --> 00:13:11,960
could also crush you as well.
And again, like I said, not

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Mary Poppins, no spoonful of sugar
going to make the medicine down. This

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00:13:16,679 --> 00:13:18,080
is what's presented. This is what
we have to deal with. I was

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00:13:18,120 --> 00:13:22,840
thinking of a spoonful of something else, but hey, you know, look

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I help companies, businesses that aren't
profitable, that are losing money, that

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might even be in a death spiral. Turnaround, and you know what.

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The first thing we do is I
look at every single expense that they have

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in that company and I say,
look, I could do it, or

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00:13:41,679 --> 00:13:46,360
you could do it, but you're
cutting ten percent off minimum today. We're

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00:13:46,399 --> 00:13:50,240
not leaving this room until you cut
ten percent off. You know what,

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00:13:50,600 --> 00:13:56,879
individuals, you me easily could cut
ten percent off of our monthly spending without

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00:13:56,960 --> 00:14:01,320
even thinking about it. We just
don't really necessarily have the incentives to do

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00:14:01,440 --> 00:14:05,159
it. Well, it's what of
it. This is like a conversation that

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I have with with people that come
to us on a regular basis, and

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00:14:07,960 --> 00:14:11,960
this is not This has been going
on for decades, notice for thirty years.

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It's been going on for years.
You get, you know, on

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the Fassan, you get a wealthy, you know, young family. It

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00:14:18,679 --> 00:14:22,799
looks wealthy. You know, they
got the car, they got the boat,

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the members of the club, and
they come down and they want to

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start, you know, planning for
you know, their retirement and planning for

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00:14:28,720 --> 00:14:33,279
their kids education. And I start
looking at what you know they have,

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and like I said, the facade, you know, nice watch all these

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things, but there are tens of
thousands of dollars in debt with credit cards

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that are paying over twenty someth to
present, and I have to present them.

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I said, what do you think
I'm going to be able to do

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for you? Do you think that
I'm going to be able to show on

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a consistent basis or maybe on a
rare occasion. I'm got to be what's

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a credit card race out twenty five
twenty six percent? Thirty? I think

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I think so little hard he makes
these charging thirty plus percent. Chris,

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You've got to pay this off.
You have to make changes. But now

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we live We've always lived in a
world way to you know, the whole

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concept keeping up with the Joneses.
But social media is taking keeping up with

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the Joneses and is put it on
steroids, and people are It's amazing how

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many are unwilling to make those things. They get themselves further and further and

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further into a hole then rather make
some simple, necessary changes that would put

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them on a much better path.
And again, you know, we all

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know what happens with families that have
all sorts of financial issues. That's where

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you have the divorce and all sorts
of underbeck distances as well, and it's

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self inflicted. So true. And
you know when you do have a family

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that's in financial trouble. It's not
just the parents, yes, the kids,

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because even if they don't tell the
kids what's happening, the kids know.

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Kids know there's something wrong, and
it really makes an impact, a

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negative impact in your kids' lives.
So you owe it to your children to

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do this. Hey, if you
were you know, I just saw a

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statistic yesterday. The average American has
ten k worth of credit card debt,

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all right, that they carry,
all right, not that they pay off

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monthly. And so you know what, if you don't go to Starbucks for

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a couple of months, maybe six
months, maybe you shouldn't go at all.

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If you've got ten thousand worth of
credit card debt, and you know

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what, you keep the car going
a couple of years longer, and you

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don't buy the fancy clothes. Maybe
you even downside your house depending on your

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mortgage. You know, that's another
thing. There's good debt, there's bad

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debt. Well right now. You
know, Robert Kiyosaki used to say that

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a house is just a consumer item, and the debt that you incur for

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00:16:49,440 --> 00:16:56,360
it is effectively consumer you know,
expenditure. However, now at a three

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percent mortgage with an intriflation raging at
whatever really is not what the government says.

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And the fact that even if you
downsize, unless you pay for pay

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cash for your new home, it's
going to cost you more to downsize than

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00:17:11,000 --> 00:17:15,799
it is to stay where you are. Yeah, these are all all various

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different things that you have to factor
in. You know, we we've seen

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that this again a school gold standing
thing people end up becoming, uh now

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score. I kind of try to
explain to people, you know, it's

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it's it's a home. It's a
bill that you have to pay. You

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gotta look at as a bill money. You know, that's it. You

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00:17:30,960 --> 00:17:36,039
know, that's that's you know,
if you make money on your own,

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00:17:36,119 --> 00:17:38,720
you also back up the factor in
all your interest statements and the upkeep.

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00:17:38,759 --> 00:17:42,480
But everything that goes along with being
on homeowner, and it's extensive. It's

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00:17:42,519 --> 00:17:45,960
not like if you're you're buying an
S ANDP index one for for thirty years

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00:17:47,480 --> 00:17:49,640
or anything like that, because I'm
telling you right now that should be index

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one is you're to well outperform your
home over thirty period of time. You

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know, with everything that back there's
into it, it's something we have to

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have. Okay, we're not bad
scaling from a tree. Your home means

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00:18:00,000 --> 00:18:03,359
a lot of things to you,
and it should be in regards to memories

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00:18:03,759 --> 00:18:07,200
and time spent with your family.
It shouldn't be something that is causing you

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undue stress. Absolutely, Yeah,
being house or is one of the dumbest

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00:18:12,160 --> 00:18:17,559
things. Keeping up with the Jones
is all of that, keeping up with

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the Kardashians, whatever it is.
You know, it's ridiculous notion. And

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00:18:22,599 --> 00:18:30,960
because aside from everything else, when
you're making your happiness contingent upon your relative

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00:18:30,200 --> 00:18:37,119
material riches, you will never be
happy because Bezos and Elon Musk are always

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00:18:37,200 --> 00:18:40,359
going to have more than you.
You'll never be able to compete with them.

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00:18:40,960 --> 00:18:45,440
So that should not be the price
of internal happiness. But also we

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can never forget we need a certain
amount of resources, of financial resources to

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sustain life and to sustain our quality
of life and health as well. But

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so many people, and I was
one of them, just put health and

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all the other considerations on the back
burner trying to make money. Hey,

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money is important, but health is
way more important. One thing I've found

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00:19:12,559 --> 00:19:18,119
out. You can lose money and
get it back, but losing health and

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getting it back is a much more
difficult proposition. Oh. I talk about

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that a pretty regular basis on my
program in regards to you know, your

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financial preparation slash planning is the fact
that you know it has to be something

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00:19:34,680 --> 00:19:40,160
that it has to be a life
still has to be habitual. You have

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00:19:40,279 --> 00:19:42,839
to cheat care of yourself throughout your
life because again, the costs that are

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00:19:42,920 --> 00:19:47,880
going to be involved as guess what
the doctors might be able to keep you

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00:19:48,200 --> 00:19:52,640
alive longer, but what type of
quality of life of you you're going to

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00:19:52,720 --> 00:19:55,920
have at that period of time,
and you know the costs that are going

279
00:19:55,960 --> 00:19:59,079
to be involved that you have to
continually try to, you know, keep

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00:19:59,079 --> 00:20:02,920
yourself going. If you're not healthy. Again, we don't eat well here,

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We really don't. I mean you
could see it everywhere the process foods.

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You know, you got it.
You need to get away from that

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00:20:11,000 --> 00:20:14,440
and believe it or not, you
can eat healthy here in this country at

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a much better price than you are
eating. Jokes, not to mention the

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fact that you're going to be You're
gonna be more alert, you're gonna be

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00:20:22,000 --> 00:20:25,319
better at what you do. It's
just a myriad of things that we again,

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00:20:25,559 --> 00:20:29,039
we need to learn sometimes from other
cultures to some degree that do it

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00:20:29,160 --> 00:20:32,319
much much better than we do here
in the United States. Stay away from

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00:20:32,359 --> 00:20:36,640
the fast food. Unfortunately, the
other countries have been learning from us,

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00:20:37,160 --> 00:20:41,440
as witnessed by the fact that you
go anywhere in the world and you see

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00:20:41,519 --> 00:20:47,000
McDonald's all over and Starbucks and you
know, fast food KFC. You know,

292
00:20:47,319 --> 00:20:52,960
China has worse type two diabetes than
the United States, and it's all

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00:20:52,039 --> 00:21:00,960
avoidable unnecessary. You know, Like
the ultimate peer trade right now is you

294
00:21:00,119 --> 00:21:07,839
buy Eli Lily because they've got that
terremphant side and you sell McDonald's. Perfect

295
00:21:07,920 --> 00:21:11,799
pair trade right there. You go, Oh, well, I don't know,

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00:21:12,240 --> 00:21:15,519
you know, people might think that, you know, that's the thing

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00:21:15,599 --> 00:21:18,279
that I can take this pill and
I can continue to eat this jock,

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00:21:18,759 --> 00:21:21,519
which you might not work out for
you. Well, not as much though,

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00:21:21,559 --> 00:21:26,240
because it kills your appetite. But
hey, and we're not encouraging you

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00:21:26,400 --> 00:21:32,880
to go out and get a prescription
for Wigovi or moon Jaro. Uh.

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00:21:33,200 --> 00:21:37,119
You know, it's super expensive,
but if you're morbidly obese and you're starting

302
00:21:37,160 --> 00:21:41,559
to have rapid health deterioration, that
stuff could be a godsend. Chris,

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00:21:41,880 --> 00:21:45,160
Yeah, again, and I encourage
people all the time that you said,

304
00:21:45,279 --> 00:21:48,640
you know, you want to get
yourself in shape, you start by going

305
00:21:48,720 --> 00:21:52,519
out on a walk every single day, and you started there, build on

306
00:21:52,599 --> 00:21:56,680
it every single day and in no
time you've got to see leaps and bounced.

307
00:21:56,759 --> 00:22:00,640
But you have to again, you
have to take that first at absolutely,

308
00:22:00,720 --> 00:22:03,640
you know. One of the biggest
scams to me are health clubs,

309
00:22:03,720 --> 00:22:07,359
and I belong to one for forty
plus years. But the scam is go

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00:22:07,519 --> 00:22:14,319
to the gym and lose weight.
No exercise is certainly a pillar of good

311
00:22:14,400 --> 00:22:18,960
health, one of the pillars along
with healthy diet, along with adequate sleep,

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00:22:19,359 --> 00:22:23,720
stress management. But you will not
lose weight at the gym unless you

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00:22:23,759 --> 00:22:30,519
are a runner or a major aerobic
person who swims for a couple of hours,

314
00:22:30,680 --> 00:22:33,319
or you stay on the treadmill,
you won't lose weight. Is only

315
00:22:33,359 --> 00:22:36,920
going to make you hungrier. I
mean, the most I can burn off

316
00:22:37,000 --> 00:22:40,799
in one session in the gym is
eight hundred calories three times a week.

317
00:22:41,400 --> 00:22:45,319
That's a pound. It's nothing,
and yet they tell us get into shape,

318
00:22:45,359 --> 00:22:48,079
go to the health club. That's
not it. Lose weight, control

319
00:22:48,160 --> 00:22:53,359
your diet, go to the gym
to maintain and improve your health, not

320
00:22:53,559 --> 00:22:57,440
to lose weight. I'm a big
weight lifting guy myself, and I got

321
00:22:57,519 --> 00:23:00,759
I do it. My office is
we have to build engine there and I've

322
00:23:00,960 --> 00:23:03,960
done it my entire life. But
I love it, and I can tell

323
00:23:03,960 --> 00:23:06,519
you this day. I mean,
see these guys that are you know,

324
00:23:06,920 --> 00:23:11,079
been, the type of shape that
they're in. It's it's eighty ninety percent

325
00:23:11,200 --> 00:23:12,839
diet. That's really is. You
got to work out, absolutely, but

326
00:23:14,200 --> 00:23:17,519
you know it's it's garbage in,
garbage out like anything else. You've got

327
00:23:17,599 --> 00:23:18,720
to really advantage that. I mean, if you can't, you know,

328
00:23:18,839 --> 00:23:22,920
lift weights and eat junk and expect
to lose weight or getting any sort of

329
00:23:22,960 --> 00:23:27,319
shape. Yeah, that's what I
did for about thirty five years and it

330
00:23:27,480 --> 00:23:30,480
really did. Hey, it did
help me, I will say that keeping

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00:23:30,559 --> 00:23:37,319
muscle strength and various other things.
I think it got me through COVID in

332
00:23:37,400 --> 00:23:41,160
one piece. But I was never
an optimal condition like I am now and

333
00:23:41,279 --> 00:23:45,640
I still go to the gym three
to four times a week. So yes,

334
00:23:45,880 --> 00:23:49,079
JIM is essential to health, but
it is not going to make you

335
00:23:49,160 --> 00:23:53,319
lose weight. And yet it's marketed
New Year's resolution. Hey, you go

336
00:23:53,440 --> 00:23:59,400
to the gym like actually like a
week or two before January first, said,

337
00:23:59,480 --> 00:24:03,519
man, this place is crowded,
and then like you go back after

338
00:24:03,880 --> 00:24:07,400
January first, it's still crowded,
and then all of a sudden, a

339
00:24:07,480 --> 00:24:12,160
funny thing happens February first. Jim's
as empty as it ever was. You

340
00:24:12,279 --> 00:24:15,759
know, funny, I mean,
I think. But again, unfortunately so

341
00:24:17,160 --> 00:24:21,240
the psychea human beings, as they
expect everything to happen quick and easy.

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00:24:21,400 --> 00:24:23,839
And you know, I was saying, you know, we Murkowsky investors,

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00:24:23,880 --> 00:24:27,119
Everything in life that has leading value
and worth involves work time and effort.

344
00:24:27,400 --> 00:24:32,160
It's the same problem you have with
investors too, thinking that that there's some

345
00:24:32,440 --> 00:24:37,079
quick and easy way to become wealthy
and there's not. There's no short cuts

346
00:24:37,519 --> 00:24:41,680
out there to going and building.
Well, there's no short cuts in regards

347
00:24:41,720 --> 00:24:45,680
to getting yourself back into shape or
Yeah. Like I said, it's all

348
00:24:45,759 --> 00:24:49,200
going to involve work time and effort, and you expect some sort of quick

349
00:24:49,279 --> 00:24:53,359
fix. I ain't gonna have.
Yeah, and it's it's time. It's

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00:24:53,359 --> 00:24:57,000
an investment, right. One thing
we didn't talk about, like when you

351
00:24:57,119 --> 00:25:02,279
have these clients come in and you
ever tell them, look, go get

352
00:25:02,359 --> 00:25:07,799
another skill, Go get another income
source, invest in yourself so you can

353
00:25:07,880 --> 00:25:12,079
produce more cash flow, because that's
always an option as well controlling costs,

354
00:25:12,200 --> 00:25:17,920
but increasing your income. That's why
I don't let people are younger people.

355
00:25:17,960 --> 00:25:21,799
So I'm going to sit They said
target dates for their retirement. I'm like,

356
00:25:21,839 --> 00:25:23,440
what are you talking about? You
have no idea what life is going

357
00:25:23,480 --> 00:25:26,559
to present to you from now until
then. You want to be able to

358
00:25:26,599 --> 00:25:30,400
take him as why you want to
save money and put money away so you

359
00:25:30,440 --> 00:25:33,759
can take advantage of maybe that business
opportunity or whatever it may be, and

360
00:25:33,920 --> 00:25:37,480
let life come to you rather than
you try to, you know, fly

361
00:25:37,640 --> 00:25:41,920
in your life away. So like
I'm by calling a financial preparation not financial

362
00:25:42,000 --> 00:25:45,640
planning because we all know the saying. You know, you want to make

363
00:25:45,680 --> 00:25:48,920
God laugh. Tell them your plans. Yeah, best laid plans of mice

364
00:25:49,000 --> 00:25:55,319
and men often lead astray. Hey, so best place to find you these

365
00:25:55,480 --> 00:26:03,920
days is still your your regular irregular
site to Watchdog on Wall Street, toogonwall

366
00:26:03,960 --> 00:26:08,279
Street dot com. There you can
find my podcast, radio show, television,

367
00:26:08,279 --> 00:26:12,599
a parents, just columns and everything
that we do available right there Watchdog

368
00:26:12,680 --> 00:26:15,480
on Wall Street dot com. All
right, excellent, Hey, you got

369
00:26:15,559 --> 00:26:22,039
a question for Chris myself, whether
it's health, whether it's finance or self

370
00:26:22,160 --> 00:26:26,640
improvement, shoot us an email KL
at Carylots dot com and make sure you

371
00:26:27,160 --> 00:26:33,039
go to the site Financial Survival Network
dot com. Uh show notes this interview.

372
00:26:33,119 --> 00:26:36,480
Just click Chris's link, It'll take
you right there. While you're there,

373
00:26:36,640 --> 00:26:38,480
sign up for your free newsletter,
Prince. Always a pleasure. We'll

374
00:26:38,519 --> 00:26:41,319
have to do this again so anytime. Thank you so much for having me,

375
00:26:41,680 --> 00:26:48,240
Thanks for listening to carry Lutz's Financial
Survival Network, your solution to today's

376
00:26:48,400 --> 00:26:52,039
trying times. For the latest,
go to Financial Survival Network dot com.

377
00:26:52,279 --> 00:27:03,240
Financial Survival Network now more than ever, The wis