As I recently finished my course on "How to Survive and Thrive During the Coming Economic Crisis," I was struck with how simple and feasible the individual solutions are, while how utterly impossible and difficult the collective solutions are.
Choose success and happiness by focusing on the individual solutions you can put in place in your own life.
p.s., If you haven't yet, go check out my newest course!
1:20 Should I change my whole life insurance policy because my income is going down?
18:40 Why do you think Walmart has done more good for poor people than any non-profit organization?
30:00 How should I adjust my asset allocation now that I'm retiring?
42:40 Should I pay off my mortgage on my retirement house?
49:15 Where should I keep my medium-term savings?
52:00 How can I include real estate in my Permanent Portfolio?
58:00 How can I invest in the people in my community?
1:05:00 Can I use a private foundation for my wealth planning?
Yesterday, I released to you a discussion on the Federal Debt in the United States. That show should be your introduction to this problem.
But in thinking about it, I felt like it was incomplete. I wanted to present some useful materials, in audio format, for listeners who don't have a firm background in the fundamentals of the problem.
So I decided to go in-depth to try to lay out the problem very clearly.
This show is deep and difficult. It holds quite a bit of my reading to you--but also some interesting commentary.
If you're trying to understand the underlying, structural problems more clearly, listen to the show.
If you prefer reading, start with these two links:
We face a massive problem in the United States right now. Put simply:
The government has only three sources of funds:
There's enough evidence for honest, careful people to predict the strong probability of future crises.
The problem is, we can't know when these crises will occur.
But it's time to start preparing.
Today, we continue the Asset Protection series with an in-depth look at health and education accounts. Specifically, we cover:
1:45 - Is it moral to support the current capitalist system of economics?
32:20 - How can I figure out how much umbrella liability insurance to purchase?
39:00 - Does having a higher umbrella liability insurance policy make you the target of a lawsuit?
46:05 - I want to buy a house but I'm in the middle of paying off debt (on Dave Ramsey's Baby Steps plan). Should I pay off the debt first?
1:00 - Should I roll my 401(k) over to my new job or into an IRA?
11:30 - How should I prepare for a meeting with an estate planning attorney?
17:55 - How should I decide to indulge myself with a luxury expense?
35:45 - Life insurance advice for a newlywed couple.
48:05 - How can I maximize the value of my business for sale?
The future will be one of the following:
1. Same as now or better
2. Similar to a recession
3. Similar to a depression
4. Similar to mad max
5. Void of humans due to asteroid hitting earth or similar calamity
2:00 - Life insurance advice for a recently married husband
6:15 - How can I make a back-door Roth contribution without being subject to the pro rata rule?
11:35 - How can I protect the money in my taxable brokerage accounts?
20:50 - How can I optimize my tax situation as an expat living in Bermuda?
47:20 - I live in China and am returning to the USA. What should I do with my money?
50:25 - How should I balance paying off debt with real estate investment?
1:03:05 - How can I invest for my 15-month old daughter?
In this episode of the Asset Protection Series, we do a deep-dive into annuities. Entry-level stuff at the beginning and some extra, hard-core bonuses at the end.