What is the national debt up to now? What does that really mean, and what can you do about it? Can you smell the multi-million dollar 👈 That's the book I shared yesterday at a real estate mastermind. Didn't realize Ch. 1 would get the standing ovation? If you'd like a copy, I uploaded it here for you to historically low interest rates, America's borrowing binge has long been seen as sustainable. But when rates increase, the country's financial problems worsen.
The Biden Administration is spending money the country doesn't have. This spending spree is making it difficult for Jerome Powell and the Fed to manage the sky-high inflation we're all dealing with.
This month, the U.S. national debt surpassed $31 trillion for the first time ever, surpassing it at a time when the Federal Reserve is ceasing to purchase government paper and income from overseas investors is dwindling.
What can YOU do?
Any extra cash you have will be quickly consumed by the economy the longer you try to figure out what to do with it, until it inexplicably disappears.
Get credit lines in advance of a crash so you may take advantage of opportunities and stock up on cash!
It doesn't matter what's going on in the economy; what matters is how ready and positioned you are for it.
Also, give up attempting to advance. You might have 20, 40, or even a couple hundred thousand dollars stashed away in a savings account. You might have settled all of your debt. Additionally, perhaps you always contribute the maximum to your Roth IRA and 401(k).
Most people would consider this a major victory.
Unfortunately, if you continue to make money by "doing the bare minimum," you run a very high danger of feeling the economic burn that is rapidly approaching all of us.
More crucially, those who don't alter their direction right away might never recover.
Everyone in the realm of money creation has a different opinion. Everything is really mentally taxing and, to be honest, and it all gives me a headache.
However, the truth is that everyone is sticking the same tired ideas.
What worked ten, twenty, thirty, even one year ago is wholly meaningless at this time. Learn what IS effective right now by watching this video.
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