The Spring Feeling Is Lying to You

Speaker 2

0:00

It's spring, it's nice outside. The sun's out. Birds are tripping, right? Soccer's starting back up for everybody. We're getting outside, feeling all good. Um, our economy still hasn't recovered and all that joyousness, well, I don't want to be dark and grim today's episode, but I want to highlight what's gonna happen. So this is what happens every year when we have recessions or a war, et cetera. You're gonna have all that nice, bubbly, bubbly stuff. I dunno what gobbly is, but we're gonna go with it. Um, feelings about what's going on, uh, for you and you're gonna be very optimistic and, and super positive, which is what you should do. But we can't lose sight of, of truly what's happening. Right? We can't lose sight of that because we need to still work towards that. Just like we had said on the previous episode of being comfortable, this, the, the opening of spring is typically what? Allows everyone to feel comfortable and move forward and, and grow. Um, but we're still stuck, uh, in, in an economy that isn't doing very well. So I want to hit upon a couple of, uh, things like that. Always diminish and get hidden in our distractions. Now, I know a lot of us are feeling it. I know you are out there, right? Either you've lost your job, there's not very much a lot of jobs to get, and you're always wondering like, what, what to do next? And what can we do and what do we see with what things, things are going on. But I just want you to be poignant of what's happening. It's a lot. What that screams to me is we got a lot of work to do, right? A lot of people maxing out credit cards not paying their mortgages because there is a fundamental issue going on. So I know you've heard me hit upon jobs and debts before and we're gonna get to savings, some savings stats and stuff too. And this, this episode has a different feel for it, right? Um, typically we're. Giving some other pointers and dealing with things, but today's just pure, pure facts. Or the facts lie. We're gonna talk to'em. But are you hearing about all of those things and, and what are we doing about them? What can we do and what can be done when specifically we're talking about jobs? Now granted, some of it is ai. AI is stealing some jobs. Not gonna lie, it, it's out there. But a lot of it is there's cheaper labor or cheaper costs that are happening. Logistics from tariffs, right? Um, increase in some of the taxes, the unforeseen certainty of what's going on. No one really talks much about this, but the commercial real estate, right. A lot of work from home situations have then caused firms to either reduce the size of their teams because they can't fit the buildings, or they have to start to sell off parts of those buildings. Also reducing their staff'cause they don't need the space anymore if they're gonna take a loss and a hit there. Some people aren't gonna have jobs down the road, and that's just how, that's just how the cookie crumbles. Sit with a couple more facts and then let's, let's talk through what are some things that we should be doing for each other? I'm sorry. Where, where, what? I thought we were promised that we're actually doing better and in, in, in the right way. COVID makes sense, right? We all can agree. Um, maybe not COVID itself making sense for some of you, but COVID making sense is from, that was a world event. That was an issue, but that issue hid a lot of what's going on now. It is not solely ai. It's not solely about the war, it's it's not solely about our bullshit, immigration law, or ice or any of that. Hell, it's not even on the president fully, mostly not fully. It's a lot of, on our politicians of things that they could have seen coming down the pipe. I say this because obviously I, I deal with the markets a lot. I'm not in the politics, in in policies, but we have had all time highs hit for both gold, silver. The market in itself, and also obviously some crypto all within eight to 12 months, that's a problem because it keeps going higher and higher. And if things get inflated like that, where is the money coming from? We'll never really know. We know it's not retail. You know how we know it's not retail. Because they're maxing out credit cards and delinquent on those. They're delinquent on their car loans, they're delinquent on mortgages and they're being delinquent in, in general, um, on other personal loans. So unless they're investing in the market, I don't know what's going on. I do know that we had a huge run in 2020 that allowed people to invest and then they lost their asses off over the next few years, and the money changed hands. But what can we do when their salaries are not? Growing inflation. While I don't care what inflation reports are causing beef prices are high, okay, that I'm a food guy, so I'm gonna go with that. But ultimately, groceries are a lot higher. Cost of travel is higher. Um, right now fuel is higher, obviously fuel's higher because of what's going on with Iran. So you tell me that this couldn't be foreseen, which gets me to our point of what can we do, um, and how do, how do we achieve these things? So I'm gonna give you three pointers, three steps, three guides, whatever you wanna call them. And we've just hit upon these as well in the No BS Wealth, um, episode that's coming out with Dr. Renee Baker. So first and foremost is you need to. Do it in complete deep dive into your financials. I know it's uncomfortable. I know you're not gonna like it. We all hate the word budget, but you need to really, truly dive into those and see what I need for survival and what can bring me a little joy. Everything else, kick it. No extravagant shopping, none of that. Figure those things out. Okay. Second, how can we achieve saving any amount of money? Five bucks, 10 bucks, 20 bucks. Don't care. We need to be able to have enough safety net a thousand dollars because that brings you a certain peace of mind that helps you grow and do the next step. Okay? This next step obviously isn't necessarily always for the business owners. This is for the everyday W2 employee. Please go and watch the podcast episode with Dr. Renee Baker, where we talk about how you need to track your value, understand your true value, and take that to your man, your manager, your owner, whoever the hell is above you, and demand what your true salary should be. Your true hourly rate should be based upon the facts that you bring because you're such a hard worker. That needs to occur, your income needs to go up. That will help a lot of situations. So those three things, deep dive in all your financials, literally go line by line over the last 12 months and see what's going on where you can do anything to help. Two, once you do. You're gonna achieve at least 10, 20 bucks that you can do. Make sure that you are saving to get to that a thousand dollars in savings. I promise you this, you will feel better about that situation and greater things will happen for you because you're in a better peace of mind. Third, go and get a raise. Obviously for those that are lazy and not doing anything and don't have anything to prove. Well, you're SOL, the rest of us who are working hard, go prove it and stand up for your wealth, your worth. Do those things again. At the end of the day, this economy is not recovering. You didn't vote for the war. You're not dealing with it, but we're feeling the price of all of it, and just because it's nice outside. It does not mean these issues are going away. I will say this though. Go enjoy that damn weather. Okay? The sun is what we need. We need vitamin D, and at the end of this episode, I ask one, yeah, let's go with one thing. Be there for others as they're going through these tough times.