… the more they stay the same.
I'm reminded of that quote after a recent guest on our radio show. Actually, it's not really a change it's more of a re-arrangement of things... change is defined as some order and some natural randomness.
I had a long-time friend of mine, Richard Duncan, back on the presentation to discuss the ongoing trade war between the US and China.
Get prepared for the trade war here >>
A lot has changed since Richard and I discussed it back in 2010… but not everything.
Richard has long been an advocate for the US government to allocate funds into artificial intelligence (AI), bio technology, and neuroscience etc., just to name a few. Almost a decade later, we both acknowledge that the government hasn't done nearly enough to gain traction into those growing industries like China and Russia, have.
With our economy benefiting from the money printing that began back in 2008, we don't believe the government will change their priorities anytime soon. The stock market is doing well, mortgage rates remain near all-time lows, and unemployment numbers remain high, why would the government make any sweeping changes?
Let us match you with the best instructor for your financial situation here >>
The impending recession, possible triple-dip -- that's why.
The way Richard and I see it, inflation isn't just likely, it's only a matter of time until it happens. And when it does… well, I hope you're preparing now. Taxes are another it's 3.5% hike year over year, as usual. Prices for goods and services double every ten years, but salaries seems to be stagnant, you'd think they would double as well... nope! ~$15/ hr minimum, is not enough, if it cost avg. ~$20/ hr to rent an apartment.
If you want to know what Richard and I are doing to prepare for the recession that is long overdue, checkout our interview here.
Don't forget to leave some feedback and let the Rich Dad community know what you're doing to prepare. |
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