URGENT: U.S. Debt Payments To COLLAPSE Stocks, Crypto, Real Estate | Do This NOW

URGENT: U.S. Debt Payments To COLLAPSE Stocks, Crypto, Real Estate | Do This NOW

welcome back to the channel welcome back
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couple thousand followers on the new
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follow me on Instagram and like I said
we’re going to be doing a lot of stuff
on the Instagram page so just you know
just be patient with me and uh more more
content coming uh from me um about my
lifestyle and things like that um as I
as I get this Instagram page back up and
running so thank you again guys for
stopping in today
um man what a crazy day
yesterday in the stock market um but
made a lot of money I mean made a lot of
money and hopefully you guys have been
paying attention and and are taking this
opportunity to level up your net worth
this is a an amazing opportunity guys to
level up your net worth um I was looking
at Nidia and on on Sunday when I
originally told you guys I was going to
be buying
Nvidia it closed last Friday at
762 I looked at it today and it’s
824 so
instantaneously you got a $60 per share
bump it’s just easy money and do do I
believe it’ll continue going up I do I
do now I’m not saying it’ll go to $1,000
a share
tomorrow but 60
bucks and one business
day this is what I’m trying to tell you
guys just think about that type of
increasing your net worth had you had
you had you putting the video in the
shopping cart on on on Monday morning
had you putting the video in the
shopping cart your financial shopping
cart on Monday
morning on Tuesday morning you up by $60
a
share just like that right now for a lot
of people they would have been like
that’s good I’m out of here I’m selling
not
me n n n n n I’mma keep buying right I’m
going to keep buying through cost
averaging on a monthly basis and I’m
going to keep buying the dip every time
I get an opportunity to buy the dip I
still think it’s in a dip why do I think
it’s in a dip because it it traded at
9975 less than a month ago so I still
think it’s the dip at $ 824 it’s still
the dip you’re talking about you still
talking about
$125 per share from the 975 to the to
the 824 this morning when the last time
I looked at it I mean how you going to
beat that man I mean how do you beat
that I mean how do you beat that so so
that’s the thing that I try to get folks
to understand is when you got an
opportunity to buy a great company like
Nvidia with a with a
discount I I’m not sure how you don’t
put it on the short list for me it’s a
no-brainer right it’s it’s a no-brainer
I keep buying it I’m going to continue
to buy it because I think by year
in baring something crazy happened I
think by year end it’s $1,000 a share
stock that’s what I think I think if it
comes out in May when may rolls around
which is in a few weeks now I’m not sure
what the what day in May they will do
their fiscal year first quarter uh
earnings report but boy if they beat
expectations in May you could be looking
at $11,000 per share that’s my opinion
I’m not your financial advisor I’m not
trying to tell you what to do I’m not
trying to tell you that’s going to
happen I’m just telling you what my
guess is what my opinion is I think if
they if they meet
expectations on their first quarter
earnings I I think they go to I think
they they got a opportunity to be a
$1,000 a share in
March matter of fact it was March
25th they got to
975 this was March 25th of this year
less than a month
ago they hit like
974 and then closed at
950 just saying guys I think if they
come out with in May when they when when
they roll out their their q1 earnings
fiscal year q1
earnings and if they’re good they got an
opportunity man to to to to get
themselves over
over $1,000 a share man and and of
course like I told y’all on on on you
yesterday and and on
Sunday they closed at 762 on Friday last
week was it what was that uh the 19th
April 19th they closed at 762 so had you
been in position today Rose around I
don’t know what will happen today I’m
just telling y’all when I looked at it
this morning before I started the live
stream they were at 8
24 so that’s a
$60 per
share in one business
day I don’t know maybe that’s making
sense to some of y’all maybe it’s not
making sense but I put it in the
shopping cart I’m going keep putting it
in the shopping cart keep executing on
it here’s the deal guys if you want 10
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magn seven stocks for free which include
Nidia which include Nidia Mumu is going
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here click on that link open up your
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stock go get that free money they’re
giving you those 10 free fractional
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when you put $100 in your brokerage
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Magnificent 7 you can buy fractional
shares of your favorite ETF
that’s up to you right the key here is
put yourself in the game take yourself
off the sideline right and start the
process of building wealth and how do
you build wealth exactly what I just
told you you got to buy assets that
increase in value over time and they
grow to a large enough asset value that
they generate income for you and that
income is what takes care of you that’s
the only way you save yourself right so
if you want that offer from mumu go down
to the description box click on the mumu
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you got 10 fractional shares of the
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world do you beat that you can’t beat it
you can’t beat it there’s no other offer
out here in in in the in the brokerage
App Planet that can touch that offer
none none so don’t delay get started
today also while you’re down in the
description box check out the website
the new Richard Fame millionaire Mentor
website it’s alive and running and I’m
telling you guys thank you so much for
yours uh you know just just checking out
the the the website right we got a lot
of people buying digital products
investing in themselves to build wealth
and we got a ton of you guys signing up
for the membership club which will it’s
going to be incredible right I’m active
in the membership club every day I’m
sending things out to the members every
morning just to remind them that they’re
great just to remind them that they got
greatness inside of them just to give
them that positive message before they
go out and start their day I’m sending
that out every morning to all of my club
members anybody that’s in the club they
already know that they get that every
morning I’m sending them a positive
message that’s important guys I’m
telling you you don’t know how important
that is I get I get I get responses from
my club members every
morning with a thank
you you just don’t know how incredibly
that is important to be able to to to
get a positive affirmation every morning
we don’t know what everybody faces in
the morning when they get up but isn’t
it isn’t it incredible if you can wake
up and read something positive that sets
the tone for your day I I’m doing that
every day in in the club right for the
club members on top of that they’re
going to get exclusive access to me for
90 minutes every week they’re going to
have exclusive access to me through the
membership club where they can ask me
and we can cover any Financial topic
that they want to cover we’re going to
cover it
right I’mma make sure those club members
um have access to me and I’m I’m going
make it my personal mission to make sure
every single one of them get to their
Financial Freedom everything I can do to
assist them I’m going to do it why
they’re in the
club right they’re a paid member in my
club so so my my responsibility is to
them right my responsibility is to make
sure they have everything need
financially to get to the part of goal
at the end of the rainbow now they got
to do the work but I’m certainly going
to be in their Gang of Five I’m
certainly going to be rooting for them
and if they email me I’m on it anything
I can do to help that’s for my club
members right so if you don’t mind get
over to the website second link down in
the description box click on the the the
website link Richard Fain millionaire
Mentor website go check out the digital
products we got a bunch of them and you
guys are buying them like crazy and and
and again it ain’t an investment in me
guys it’s a very small amount of money
number one I mean we we you know and I
know that’s relative a small amount of
money to me may be a large amount of
money to you I get it I get it but but
when we looking at the bigger picture
here when I’m trying to build wealth
right the information that I can get to
assist me in Building
Wealth come on you you you you you got
to be able to understand there are
things that you spend money on and there
are things that you
don’t there are things you can spend
money on that can get you to wealth
there are a lot of things we’re spending
money on that ain’t going to put no
wealth in our pocket matter of fact it’s
going to take money out of our pocket so
all I’m telling you is make a decision
what you want to do if you want to Chase
Financial Freedom and catch it you
better do something the website can
assist you to do that right so check it
out check out the digital products and
then consider joining the membership
club lot of good things going to be
starting to happen already they’re
already happening I’m already active
everybody that emails me in the
membership club everybody that I all I
respond to
everybody like I said that’s that’s my
baby that’s going to be my family and
y’all are my family too on the YouTube
channel don’t get me wrong but you
understand how YouTube works and and and
and YouTube is a is a is a huge platform
that that people from everywhere so so
so so I I can’t the things that I do on
YouTube I do them for a reason because
of the audience that I that I have here
the club the membership club is just
going to be a few select people that
want to invest in themselves and spend
more time with me from a financial
perspective that’s like family right
that’s like that’s like that’s like
family at
Thanksgiving that that’s how entrenched
I want to be with these folks and I want
to be a part of their Financial Freedom
Journey personally be a part of it these
are people that when I go to a city I’m
going to be in the membership club
saying hey I’m going to be in this city
any of you folks in the membership club
from these cities let’s go have
lunch let’s have a cup of coffee so if I
go to Washington DC and someone’s in the
I’m going put an email out in the club
hey guys I’m going to be in Washington
DC for two days I got time to have a
lunch and a dinner who in
I’mma do that all across the country
when I start traveling this summer so
the the people in the club they’ll be
able to sit down and Breck bread with me
one onone I’m not going to be charging
oh yeah I’m going to do a meeting in ABC
and yeah no if you’re in the club if
you’re a club
member boom wherever I’m at in the
country my people in the club will know
because they’re going to only be the
ones that know because nobody that’s not
in the club ain’t going to get the email
I’m not going to put it on YouTube it’s
going to be on email it’s going to be
through the club’s email they’re going
to be and if they want to have coffee
with me boom they can that’s how
entrenched I’m going to get when it
comes to uh my club members so I want
you guys know that already rocking with
me in the club that’s what’s going to be
happening I haven’t even told y’all that
but that’s going to be happening if you
guys are in Southwest Florida and you’re
in the club and you’re in Southwest
Florida where I live and you’re in the
Club paid member of the Richard Fain
millionaire membership club and you’re
in Southwest Florida you need to let me
know if you’re in Southwest Florida let
me know we’re going to have coffee we’re
going to have lunch we’re going to have
dinner whatever that’s how in tune I’m
going to be to my club folks so whether
you want to join or not that’s on you
the people that are already joining it’s
a bunch of them that’s what they’re
going to get they’re going to get me
they’re going to get another level of me
though
like I said we going to be like family
so check out the website consider being
a paid member at the membership club and
um we’re going to kick off the live
streams in May and then as soon as I
start traveling which I believe it’s
going to be this
summer I’m going to be traveling a bunch
this summer um every city I go to uh I’m
going to let the club members know and
if they want to hang out we’re going to
do that so thank you very much club
members for for investing in yourself uh
and and allowing me to to be able to
spend more time with you through those
live streams and those one-onone
in-person meetings they’re going to be
great well guys here’s the deal we got a
lot to cover today so let’s get on into
it and the number one thing we want to
cover is going to be the US
debt is is is starting to get out of
hand it really is guys see see we got
this debt but we also have payments on
it we got these debt payments and and
and that’s where you know as a country
in my opinion we got to be careful
because if we don’t it’s going to affect
stocks it’s going to affect crypto it’s
going to affect matter of fact it’s
going to affect all assets if we’re not
careful if if we don’t reel this thing
in and get this thing under
control it’s going to continue to
escalate
and at some
point you gotta you got to pay the piper
you can’t kick the can down the road for
the next 100 years some point it catches
up to you right so let’s take a
look at what I’m talking about here and
then we’re going to reel it back in and
and show you how it can affect our
assets and why it’s important that as a
country we get a handle on this thing so
here we go you here here’s here’s the
headline
US debt interest payments reach 1
trillion now how in the
world how in the world do you have $1
trillion worth of interest payments not
the principal I’m talking about a
trillion dollars in interest
payments well I tell you what I’m not
sure how we managing this this whole
Houdini Act but let let let let’s read
on the cost of paying for America’s
national debt
cross1
trillion dollar Mark in
2023 wow driven by high interest rates
and a record 34 trillion mountain of
debt so here’s the thing we have
34 trillion dollar in debt
now some of y’all might say well golly
Richard uh what debt well you got to
understand guys we’ve been in a deficit
for a while and I’m going to get to a
chart down here to show you what I’m
talking about but for a while so what
happens is the federal government
collects
interest collects income from the
American people through
taxes we collect taxes our government
collects taxes from you and I I just
wrote a big check check for my 2023 tax
bill sent it to the IRS big check big
check I had to write to them right and
I’ve done that for the last 30 years
they take
money I pay my taxes they collect that
money and then they use that money those
that income to pay for all the stuff
they pay for for our government right
the roads the bridges uh the social
programs
whatever right they pay for stuff with
that tax revenue the problem is the tax
revenue is $4
trillion but the the the budget calls
for 7
trillion we collect four but we spend
seven we got a $3 trillion
shortfall how do you cover that
shortfall you go out and borrow money
from people you borrow money from other
countries that’s where the interest
payments come from
from that’s where the $34 trillion in
debt comes from you collect 4 trillion
you spend 7 trillion you got a $3
trillion shortfall you got to cover that
shortfall some way you go out and borrow
money you borrow money from people like
you and me and you borrow money from
other countries like Japan like China
like the
UK and other countries you borrow money
from how do you borrow money through us
treasuries right through the us
treasuries whether it be bonds whether
it be notes whether it be bills that’s
how they borrow money they raise money
that way through
debt right these payments on that debt
have exceeded $1 trillion just the
interest
payments this is I’m telling you if we
don’t get this thing under control it’s
going to be a serious
problem over the last decade US debt
interest payments have more than
doubled you’re talking about in 10
years they’ve doubled in 10 years you go
from 500 billion to a trillion in 10
years what do you think we going to be
in the next 10
years just
saying just saying over the last decade
the US debt interest payments have more
than doubled amid vast government
spending during the pandemic
crisis see now we go back to the
pandemic again all that remember all
that cheap money they were pumping into
the system all that free money you got
to pay the
piper you got to pay the piper at some
point Piper looking to get paid all that
that stimulus money y’ we got for free
all that PP PP money we done
forgave right all of that other cheap
money they introduced when when when
interest rates were zero fed funds rate
was zero so you got to pay the piper for
all that that’s what this is you’re
paying the piper it wasn’t free see we
thought it was free but it ain’t free
right so over the last decade we’ve
doubled the interest
payments right for this vast government
spending during the pandemic crisis as
debt payments continue to soar the
Congressional budget office reported
that debt servicing costs
surpassed defense spending for the first
time ever this
year our debt
payments we spend more on our debt
payments than we do on our
defense guys that if you understand what
I’m saying here you spend more on your
debt payments than you do on your
defense spending right y’all know the
defense spending is important why
because if we don’t do that somebody
drop a bomb on us you know people don’t
like us already around the world you
know you got countries out there that
are trying to De
dollarize us they’re trying to dollarize
the the the the world of the US they’re
trying to crash our US dollar you do
know there are countries out there
they’re trying to do that that right now
actively I’m talking about Big Boy
companies I mean countries Big Boy
countries I ain’t talking about some
little obscure third world country out
here I’m talking about Big Boy First
World
countries you ever heard of the bricks
Nations you ever heard of them brics
Nations Brazil
Russia
India who’s the other one
China and it’s one more
I think it’s Saudi Arabia I might be
wrong South Africa South Africa not
Saudi Arabia I apologize Saudi Arabia
South Africa so those are the bricks
Nations do you know they are trying
to put us in a hole somewhere and bury
us you do know that right just letting
you
know everybody out there in the world
don’t like
us they don’t like us below we show how
us
debt payments have risen at a faster
Pace
than at another time in modern history
so they got this chart here from
2014 to 2023 so in 2014
now our debt payments were 442
billion and the US debt the total debt
for the US in
2014 was 18 trillion
but our debt service was 442
billion that’s was
2014 10 years ago
guys fast forward to
today we got 34 trillion in debt almost
doubled the debt almost have doubled our
debt in 10
years and we’ve more than doubled the
interest payments interest payments are
over 1 trillion debts over 34 trillion
crazy crazy crazy at current rates
here’s the scary
part at current rates the US national
debt is growing by a
remarkable 1
trillion about every
100
days at current rates the US national
debt is growing by a rem remarkable 1
trillion about every 100 days equal to
roughly 3.6 trillion per
year that’s what’s going to be our debt
service 3.6 trillion how in the world
you sustain that you can’t some at some
point you can’t as the national
debt now the debt now now the national
debt is is going
to it it’s growing by 1 trillion every
100 days that’s not the debt payment so
let me correct myself that’s not the
debt payments that’s the actual overall
debt is growing by $1 trillion every1
100 days so so basically every year
you’re adding about 3.6 trillion to your
overall debt not your debt payment so
let me correct myself
there as the national debt has ballooned
debt
payments even
exceeded Medicaid outlays in
2023 so so we are paying more to service
the debt the $34 trillion 34 trillion in
debt we’re paying more to service that
debt the interest associated with that
debt than we do on Medicaid than we do
on defense
spending that’s a
Insanity that’s insane as the national
debt has ballooned debt payments even
exceeded Medicaid outlays in 2023 one of
the government’s largest
expenditures on average the US spent
more than 2 billion per day on interest
costs last year did you hear that figure
let me run that by you one more time
good people on average the US spent more
than $2 billion per day on interest cost
last
year see these numbers I can’t even I
can’t even wrap my little brain
around I mean how do you spend two
billion dollars a day on interest on
your loans on your debt two billion guys
I’m talking about what a be this is
every
day gee now how do you how do you
sustain that I mean who can sustain that
and that’s why I’m trying to tell you
your
assets going
further the US government is projected
to spend a
historic 12.4 trillion on interest
payments over the next
decade averaging about
$337,400 per
American who y’all think pay for that
who you think pay for all
this you think they got
a some magical place they can go
and just pull it
out a’t no magical place the magical
place is you and I are taxes that’s the
magical
place just saying at some point taxes
got to go
up for you folks out there that’s
already
struggling to pay your taxes
now at some point them taxes got to go
up it’s only way you gonna get out of
this
hole two ways either the government is
going to have to massively massively cut
back on
spending and social programs and
infrastructure and all that kind of
spending
military something got to suffer while
they cut back or they got to increase
taxes those are the only two choices you
either cut back on all this other
spending you’re doing whether that be
military like they said defense social
programs like
Medicaid other social
programs you cut back on infrastructure
so our roads just continue to be tore up
can’t put no money in new Bridges can’t
put no money in making making us a a
great healthy none of that some of that
got to go or either you got to raise
taxes how else you going to do it where
is the money going to come from and then
on top of that guess what you got
against you you got the bricks
Nation you got the bricks Nation trying
to dollarize the world trying to cancel
the dollar I read a story this morning
where these folks are not playing
around the bricks nation has bought more
gold they bought more gold I think it
they said since over the last couple of
years I believe that’s what it was
they’ve bought more gold over the last
couple of years than anybody the bricks
Nation why are they buying all that gold
why are they buying all this gold
they’re getting ready to take try to
take down the dollar I’m telling you now
whether they be successful or not I
don’t know above my pay grade but I’m
telling you what they doing I’m telling
you the game plan the game plan is to
crush the dollar in my goodness guys if
they crushed the dollar and we got all
this debt what’s going to
happen I don’t know I don’t know all I’m
telling you
is while we’re out here electing these
folks we got this election cycle coming
hey man you better be thinking about the
right things I be thinking about hey
tell me about this $34 trillion in US
debt and this $1 trillion dollar in in
debt
payments how do we get out of that
what’s your game plan to solve that
problem are we raising taxes are we
cutting out
programs how we going to solve that
problem hey what what what’s the pro how
we going to solve the problem with
bricks trying to take the US dollar down
I’m telling you that’s what you need to
be asking these
folks right here raah Rah raah cheer
cheer cheer but you ain’t asking no real
questions I’m trying to tell you man you
going to get if you ain’t got no wealth
guess what’s going to happen to you that
wealth Gap the rich they going to keep
getting
rich the people who ain’t Rich going to
keep getting
poor just telling you that’s what’s
going to happen the middle class going
to be gone a going be no middle class
it’s going to be rich or poor that’s
it if we don’t do something is what I’m
saying and as the American people we
should do
something we this is our
country as the American people we built
this
country we are the lifeline of this
country not these politicians us
we got to do something we can’t look for
some guy we going to sit in the White
House to do something they’re not going
to do nothing I keep telling y’all this
I don’t care who y’all sit in that seat
they’re not going to do anything by the
way we don’t put them in that seat
anyways that’s just a little FYI we’re
not going to get into that today but we
don’t put nobody in that seat anyways
but I tell you what as the American
people all 350 million of us let me tell
you guys we can change this if we just
put our mind to it we have $34 trillion
in debt our interest payments are1
trillion we’re adding we’re
adding $1
trillion every hundred days to our
national
debt they are saying over the next
decade we will
spend 12.4 trillion just on the interest
payments not not talking about the
principal just the service the debt the
interest associated with it which
equates to about
$7,100 per American how many of y’all
can get
$37,000 wiped off of your salary and
still make it how many how many of y’all
can take a
$37,000 take out from your from your
salary and still make it and live and do
all the things you need to do not many
of
us not many of us so as the American
people we got to act we got to do
something we got to do something
exacerbating matters is that the US is
running a steep
deficit which stood at 1.1 trillion for
the first 6 months of fiscal
2024 this has accelerated due to the 40
3% increase in debt servicing costs
along with a $31 billion increase in
defense spending from a year earlier
additionally a 30 billion increase
funding for Federal Deposit Insurance
Corporation in light of Regional Bank
crisis last year was a major contributor
to the deficit increase see I told y’all
when I talked about these Banks remember
I talk about these Banks and I told told
y’all that we paid for all these fail
Banks I told y’all that nobody believe
me oh no no we don’t we got they no no
the the banks pay for all of that they
they put a money in this fund and the
banks pay for it uh uh uh they might pay
a little bit but they’re telling you
right here who paying for it too we
paying for
it additionally 30 billion increase in
funding for the Federal Deposit
Insurance Corporation which is fbic so
when these Banks fail FDIC goes in and
and mops that up everything and sells it
off to another bank but guess who pays
for all of that you and
me and we had a $31 billion increase in
defense spending that 60 bill right
there from just from last
year guess what we ain’t got the money
for it so guess what it does it keeps
piling on to the
debt we only collect 4 trillion we spend
7
trillion overall the
CBO forecast that roughly 75% of the
federal deficit increase will be due to
interest cost by
2034 so over the next 10 years 75% of
the increase to the federal deficit will
be because we can’t pay all the interest
the interest going to keep stacking up
because we ain’t got enough money to pay
it
we ain’t got enough money to
pay crazy right crazy crazy crazy crazy
I I saw one article that said the the
the deficit I think they said by
2054 so basically 30 years from now it’s
going to exceed about 140
trillion unless we do something it’s
going to exceed like
$140 trillion over the next 30 years
it’s 34 trillion now but they say it’s
going to be around 140 140 trillion now
how in the world can you make can you
imagine the debt payments on 140
trillion in debt can you imagine the
debt payments an annual debt
payments like they said 75% of the
increase in the in in the in the in the
in the debt is going to be due to
interest payments that we can’t
pay how do we get out of this as the
American people we got to get out of
it the there is no politician that’s
going to get us out of this one guys I
can to tell you that right now if it’s
up to the politicians they’ll run that
thing up to 300 trillion I’m telling you
they will run that thing up to 300
trillion they don’t care so if we’re
going to get out of this mess it’s going
to be up to the American people to get
out of there is no politician that’s
going to get outside of it it’s not
going to happen I don’t care who y’all
put in well again we don’t put anybody
in the White House I know we think we do
but we really don’t but all the rest of
them them guys and gals that we put in
Congress
you better know who you putting in those
seats in
Congress you better know who you putting
in those
seats I find it really interesting a lot
of these people that have been up there
on Capitol Hill I’m talking about for 15
20 30 years on Capitol Hill in Congress
done got all of them got rich they got
insider trading information they buy
these stocks before anybody else know
anything going on with the stocks
they buy it get rich they sit up there
on Capitol Hill for 20 years I just
don’t get it man we’re we’re trip we’re
trip man some of the stuff we do I don’t
get it
but I don’t get it man but I will tell
you this as the American people it’s up
to us if we don’t get this thing fixed
we got nobody to blame but us because
all those people sitting up there on
Capitol Hill in Congress we put them in
there we put them in
there we’ll allow them to stay in there
for 15 20 years just just milking it
ain’t doing nothing just getting a cushy
check everything paid for getting rich
off of insider trading all kind of
stuff we just we just we just let them
do it sit there 15 not both sides of the
aisle too it ain’t just Democrats it’s
Republicans too they all sitting in
there getting rich insid of trading
using the American people right but we
don’t have to stand for
that we we can we can we can we can
control that that’s on us now if we sit
around and let them do that that’s our
oh see I don’t blame these politicians
y’all might be a little different than
me I I don’t blame them cuz that’s just
human nature right I don’t blame them
they going to get greedy that’s human
nature who I blame is us we put him in
there we let staying there for 15 20
years doing nothing but getting a fat
check and getting rich off inside of
trading we let them stay in there for 15
20 years we
do we
do so if we want to blame somebody we we
got to look at
us we ain’t got to put most of these
people in there we can make the laws we
can force them to change the laws no you
sered two years you out bring somebody
else in two years out bring somebody
else in not just sitting up there for 20
years doing nothing but getting rich I
mean come on guys we allow them to do
that
though we’ll allow them to do it we’ll
allow them to do it let’s talk about the
housing market real quick I thought this
was interesting I I was checking out
this
article um I thought it was interesting
here’s the headline the outlook for home
prices has
changed drastically in just the past
month
as Fed rate Cuts look more and more
distant remember we talked about that
probably I believe might have talked
about that yesterday or last Friday
where we you know we had these three
rate Cuts in mind early in the year mid
year they don’t push them things back to
December so we may or may not have the
rate Cuts we may or may not have the r
Cuts that’s crazy right we may or may
not have these rate Cuts
so yeah we got to figure it
out we we got to figure it
out we definitely got to figure it
out the Outlook so here we go forecast
for us home prices suddenly look a lot
different compared to just the month ago
according to Freddy Max latest Outlook
right
price will increase only 0.5% in 2024
and 25 the mortgage giant said Thursday
that’s down sharply from its forecast in
March when it predicted home prices
would rise 2 and a half% in 2024 and
2.1% in
2025 the view for 24 has
suffered especially compared to the
start of the year when prices were seen
Rising 2.8 so not as much but you’re
still going to get them they’re not
going down is my point they’re not going
down so a lot of us out here are waiting
for home prices to go down they’re
not to be sure less aggressive
trajectory for home price gains sounds
like good news for prospective buyers
but when combined with still limited
inventory and higher for longer rates
the overall picture isn’t
a major Improvement why doesn’t matter
what home prices do if you can’t afford
the monthly
payment interest rates are still 7 and
half% can’t afford the monthly
payment there are plenty of people
buying houses that were overpriced guys
after the pandemic plenty of them why
because they get a low interest rate and
they can afford the monthly
payment but they can’t afford the
monthly payment right now interest rate
R are too
high right plus the thing that’s going
to continue to hold these prices where
they are and slightly higher is lack of
or limited
inventory but no one’s going to build
anything on a massive scale when you
don’t have demand you have no demand why
would I go out here and build 5,000
homes and ain’t got nobody to sell them
to basically while housing demand is
solid due to a large share of millennial
firsttime home buyers looking to buy
homes they are challenged by high
mortgage rates and a lack of homes
available for sale this is what Freddy
Mack said in his April
statement we expect these challenges to
persist in
24 mainly in the absence of significant
rate cuts which will keep the rate lock
effect in place and keep keep total home
sales volume below 5 million in
2024 what do they mean by the rate lock
effect they mean somebody that has a
loan on their current home for 3 and
1.2% they are not willing to give up
that rate for a 72% rate so guess what
they’re going to do they’re going to
stay put they’re not going to put the
house up for sale to move somewhere else
they’re going to stay right where they
at cuz they do not not want to double
their interest rate on the new house
plus they’re going to play more for the
new house they’re going to pay more for
it and have a higher rate why would I
sell my house right now why would I give
up my house right now to to go in
something crazy they’re not going to do
it that’s what they mean by the rate
lock
effect and keep home and guess what that
keeps home sales transactions lower why
you ain’t got you you not a lot of
people are selling houses
now like they said you still got some
people Millennials some baby boomers
people that got wealth some of them are
buying houses now but not at the level
that we used to we’re not at that level
not at that level with the economic
landscape holding steady the main
difference over the past month is in the
rates Outlook and when the Federal
Reserve may start easing which right now
we know they’re not going to ease
anytime soon
let’s be honest here they’re not they’re
not going to ease remember they’re going
to meet April 30th and May 1st next
week the fed me next week I believe it’s
next Tuesday and
Wednesday we’ll see but they’re not
they’re not going to reduce no rates on
Tuesday fed share Jerome pow confirmed
wall Street’s fears by saying that due
to the robust labor market in remaining
progress required on inflation rates
will stay where they are for as long as
needed this is the Fed share this is
what he
said treasury yields climbed even higher
with a 10-year rate topping
4.6 sending other borrowing costs up
two see the 10year treasury guys affects
the 30-year fix rate mortgage when it
goes up guess what happens to the
30-year fixed rate mortgage rate it goes
up yes sir that’s what happens here we
go treasury yields climbed even higher
with the 10-year rate topping 4.6
sending other borrowing costs up to the
30-year fixed rate mortgage surged past
7% so as that 10year treasury bond goes
up your 30-year fixed rate mortgage
rates go up as with go up with it what
brings down the 10year treasury when you
drop interest rates when you drop the
FED funds rate when you drop the FED
funds rate the 10-year treasury bond
rate drops when the 10-year treasury
bond rate drops your 30-year fixed rate
drops there you go there you go for the
first time this year according to Freddy
Max reading on Thursday those
developments over the past month
appeared to be the major Catalyst for
Freddy Max’s big downgrade in its
housing market
Outlook you’re talking about one of the
biggest mortgage holders in the country
you got Fanny May and Freddy Matt now
they say they’re not government bodies
but they are influenced by the
government they’re supposed to be
Standalone bodies but I don’t believe
that
crap I don’t believe it so Fanny May and
Freddy Mack two largest mortgage holders
or whatever you want to call them in the
world in the country
right one of them is saying uh we’re
downgrading the housing market Outlook
downgrade mean not good guys that means
not good right in March it predicted Fed
rate Cuts could begin as soon as the
summer with mortgage rates staying above
6 and
A2 through the second quarter then
drifting lower in the latter half of the
Year while inventory would still be
tight more firsttime home buyers
continue to flood the housing market and
push home prices
up so y’all sitting around here waiting
on the
crash well I don’t know I don’t know
let’s see what happens with the debt now
the might crash everything right but
right now
no crash low
inventory no crash yet now for the
people that are living in and having to
take care of themselves through the
housing market they’re feeling pain
they’re feeling Financial pain because
why they take they take care of
themselves through transactions there
are not many
transactions they’re they’re predicting
lower transaction volume this year under
5 million transactions that’s what
they’re predicting
under 5 million
transactions so not
good not good instead Freddy Mack said
the FED is now in a wait and see mode
before it starts easing and refrained
from offering more specific guidance on
rates we therefore expect mortgage rates
to remain elevated for
longer 7 1.2% or higher for
longer the new forecast comes as high
home prices and mortgage rates have kept
many Americans away from ownership the
cost of owning a home is officially the
highest on record
ever highest on record ever guys that’s
nuts oh what do you mean we got this
great economy we got this great job
market everything’s booming what do you
mean yeah but you can’t afford to buy a
house so I’m not sure how it’s booming
I’m not sure how your economy is booming
when you can’t buy a
house can’t afford to buy a house how is
that booming it’s not booming it’s
booming for the 1% but these folks down
here in this 99% economy this bust
economy this Cesspool economy as former
president Trump calls it this Cesspool
economy can’t even buy a
house that’s why I’m telling you guys
it’s so important for you to build
wealth that’s why it’s so important for
you to buy assets right now forget the
house I would be pouring every dime I
own into assets that actually generate
income I wouldn’t worry about buying
assets don’t generate no income now if
you want to go out there and buy your
rental property that’s going to generate
some income and pay for itself that’s
different but you trying to get some
house that you going to live in that
ain’t going to do no but suck money out
of your
pocket and you going to have a 7 7 . 5%
interest rate and you’re going to pay a
premium for it if that’s what you want
to spend your money on I I got to I got
to ask you to
reconsider put your money in things that
are going to multiply it and put money
in your
pocket forget this home ownership stuff
ain’t no money attached to it ain’t no
income attached to it forget it don’t
put your money in nothing that don’t
have income attached to it it’s the only
way you survive any of this stuff
stuff red fin CEO said would be buyers
who held out last year are tired of
waiting oh I’m a wait I’m a wait should
I buy now I’m a wait I wouldn’t buy it
all if it was me and I’m in the building
stage of wealth I wouldn’t buy nothing
I’d put my money in assets that are
going to actually make some money I
wouldn’t put nothing in no real estate
right now that’s just going to be a dead
asset that I just going to live in that
I’m just going to live in I’m doing
nothing with it but live in
it and I’m going take 50% of my income
40% of my income and I’mma dedicate to
something that I’m just going to live in
that’s not going to produce any income I
don’t know how smart that
is I don’t I don’t know how smart that
is you do see what’s happening right now
guys we got some of the best assets in
in the world on
sale we could be buying those things I
just told you gave you a Nvidia
closed on Friday at 762 looked at it
today it was 8:24 now it might have
changed since I’ve been on the live
stream but that’s $60 a share instant
$60 a share that’s net worth that’s $60
a share increase in my net worth in one
business
day I keep telling y’all guys we we we
we gotta we got to get in that that that
that way of
thinking before you know it I’m going to
have $100 per share in Nidia in net
worth why execute it pull the
trigger execution pull the trigger
before you know it I’m going to have
$100 per share in net worth gain for
doing one thing pulling the trigger and
be
impatient and I’m going do it probably
listen it may get there this
week it may get up to 860 this week
before Friday Nidia could go from 762 to
862 in one
week and guess what I got a $100 net
worth game $100 per share net worth gain
where you going to get that
at tell me where you going to get that
at you gonna get in a piece of real
estate you’re getting ready to buy
nope matter of fact that’s going to take
money out of your pocket down payment
closing
calls woo I ain’t even throw in flood
flood insurance if you’re in a flood
zone or or homeowners insurance woo I
haven’t talked about property taxes
y’all do know what’s going on with
property taxes in a lot of parts of the
country they’ve
doubled in a lot of parts of the country
your homeowners insurance double
especially if you’re down here in
Florida and Hurricane Alley if you’re
down here in Florida anywhere in this
Hurricane Alley you already know what’s
happening with flood insurance here
where I live at in Southwest Florida
flood insurance premiums went up by 25%
boom
boom from
2000 let me see here from
200 what was it prior to the pandemic I
think it was
2020 on one of my properties the
homeowners insurance
was I want to say $14
$1,500 $4 $1,500 something like that
guess what it is
today I’m talking about four years guys
guess what it is today $4,200
yeah yeah yeah yeah so all I’m telling
you is listen you better figure out how
to put your money in assets that
actually build wealth now I’m not
telling you if you want to go buy a
house and you hell don’t B on doing it
go do
it but you’re going to be house
Rich assets cash poor because I’m
telling you that house is going to take
40 to 50% of your income right off the
bat that’s what it’s going to be require
the average house in America is 42 20
$460,000 that’s average house that ain’t
macdaddy house that’s average house so
listen man housing market is is is
there’s an opportunity there I think
there’s an opportunity there if I’m
trying to buy real estate for income
then I think there’s an opportunity
because you got sellers out there that
have fatigue they’re ready to sell these
properties they’re tired of holding them
they’re ready to sell them so if you got
cash if you are a high income individual
that can afford the 7 and a half%
interest rate you could potentially go
get you a good deal on a piece of real
estate right now cuz I’m telling you
sellers are ready to negotiate because
they’re tired of holding these houses
there ain’t many people out there buying
there ain’t much
demand but if you’re just trying to buy
this thing and move into it and put it
on
Instagram man you better think about it
you better think about it would be
buyers who held out last year are tired
of waiting as Millennials who delayed
starting a family can only wait so long
he said he’s never seen anything like it
calling it the worst situation for the
housing market housing is in a
recession and the rest of the economy is
booming I can’t disagree with
that I can’t disagree with that I can’t
disagree with that I can’t disagree with
that you’ve heard what Freddy mat one of
the L largest mortgage holders or
whatever you want to call them right
y’all can go research them on the1
trillion doll research
lab they’ve given you their Outlook
they’ve downgraded it you got the guy
from uh red fin the CEO from red fin
calling it uh uh real estate the housing
Market’s in a recession why because
their stock price went from a nice stock
price to like $5 a share
why because ain’t no activity man ain’t
no it ain’t no demand you got a few
people out there buying houses like
Millennials and Baby Boomers and a few
you know
1centers but the the average everyday
Joe can’t afford it man not at no 7 and
a half% interest rate can’t can’t afford
it can’t afford it can’t can’t can’t
cannot afford it plus guess what’s
happening a lot of these Banks and a lot
of these lenders are doing what they’re
tightening up on their lending
guidelines because see they learned a
lesson in 2008 you be laxad and Loosey
Goosey with your lending guidelines if
you want to and go to giving all these
loans all these people who can’t afford
it soon as something happen in their
financial life they going to stop paying
you I can promise you that they’re going
to stop paying you lenders know that so
why put myself in Harm’s weight they’re
not that’s why now you’re seeing lenders
are tightening
up oh no no no no no no no we can’t give
you a DTI of 36% anymore nope can’t do
it we got to take that down to
30% no more 36% DTI no no uh-uh no more
40% DT uhuh we got to take that down to
30 that tightening it up tightening it
up no no no no no no no no no no we we
need you to put more down payment just
in case you decide to walk away from
this thing and I’m talking about nonfh
loans right non I’m talking about
conventional loans just your straight up
loan right where you put money in they
give you a loan they’re asking you to
put more money in they don’t want to be
left holding the bag when you decide you
don’t want to pay them no more we
already know 1 million mortgages are 90
days past due right now 1 million
mortgages just saying guys so be careful
what you’re pursuing when it comes to
assets my recommendation is if it ain’t
going to put no money in my pocket right
now I’m not buying it I only want accet
that generate income and put money in my
pocket just saying if you’re interested
in those 10 free fractional shares from
Mumu of The Magnificent 7 they’re going
to give you 10 free fractional shares of
The Magnificent 7 when you open a new
Mumu account you put a $100 in your Mumu
account they don’t they don’t take your
$100 guys that’s $100 that you can then
use and invest in more assets they
require you put the $100 in there so
that you’re serious about using the
brokerage app they don’t want you to put
your little $100 in there and get your
Magnificent Seven stocks and then cash
them in and close out the account on
them who would want that to happen
they’re not dumb so they’re going to
make you put money in there and really
use the account or they don’t want you
over there so go down to that
description box if you want 10
fractional shares of The Magnificent 7
for free open up the mumu account click
on the link down in the description Box
open up the mumu account and get your 10
frack fractional shares of the most
valuable companies in America which is
the Magnificent
7 I just told y’all
Nidia made $60 a share in one business
day just saying I don’t know let me see
what it’s trading at right now because I
know somebody oh no it’s not trading at
824 it’s at 810 let’s see what it’s
trading at right
now still trading at
824 so right now technically I could
sell the position and make $60 a share
one business day where is she going to
get that from where is she going to get
that from where else that’s what I’m
saying let me let me take it one step
further let me show you something one
step
further let me just do this little
exercise right here what was that uh
okay divided by
762 so that would have been like 131
shares right let’s say I put 100 Grand
in that would have been 31 shares I
ain’t going to take exact what I put in
but let me just say I put that in let’s
just hypothetic I put in 100 Grand right
say I put 100 Grand and I bought it at
762 a share that’s 131 shares
right today today it’s at 824 share
times
131 so I just made 8
Grand just made eight grand I just made
an Roi of 8% in one business day
let’s say it goes up $100 a share by the
end of the week I’m not saying it will
but let’s
hypothetical let’s say
hypothetical of course I got 131 shares
right let’s say it goes
up see
131
times
862 so now I just made in one week
13
Grand just saying just saying 13 Grand
in one week oh let’s say it goes up $200
a
share right let’s just say it go from
762 to
962 on that 131
shares now I just made 26 Grand just a
quick 20 so all I’m telling you guys is
listen
listen figure out something figure out a
game plan that works for you I’m not
saying what I did will work for you
figure out your game plan right figure
out your game plan that works for you
but do something do something man do
something there is so much opportunity
to build wealth right now despite the
debt the the debt payments for the US
debt despite that despite the housing
market there is still opportunity out
there to build wealth if you’re not
afraid and if you’re willing to get
information and take action right if
you’re willing to do that now one more
thing I just want you guys to understand
kind of what’s brewing out here so that
way you knew what how to
prepare you need to know what is going
on guys when it comes to the United
States and its debt you need to know
that you also need to know what’s going
on in the housing
market you also need to what’s going on
in the labor market so let’s talk about
that real quick here’s the headline
layoffs could Spike as one labor market
indicator says a recession is already
here now again guys you can look at this
two ways you can say well golly this guy
Richard Fain all he talks about is gloom
and doom and no that’s one way you can
look at it or you can look at it as okay
I see what’s kind of lineing up I see
what could potentially happen what
should I do I should always prepare for
for the worst but expect the best how do
I prepare for the worst I put myself in
a financial situation where no matter
what I
win that’s that’s what you should be
looking at it I I say look at it that
way I put myself in a financial
situation when I go to bed at night I
don’t worry about the labor market when
I go to bed at night I don’t worry about
the housing market when I go to bed at
night I don’t worry about the US
debt I don’t because I put myself in a
situation where I have assets I have
cash cash I got no Consumer
Debt so so so I can weather any storm if
the market crashes guess what I do I go
right back to 2008 gobble up as much as
I can and I hold them for 10
years that’s all that’s it see that’s
why you got to be lean and you got to be
mean when it comes to your financial
situation that’s why I encourage you
guys to get yourself out of Consumer
Debt that’s why I encourage yourself
don’t saddle yourself with a house
that’s taking 50% of your
salary when you factor in taxes
Insurance interest in principle
repairs that’s why I’m telling you don’t
take all your money and put it in
that get lean and get mean and go make
some money build your assets up so that
you can weather any
storm that’s all I’m saying so look at
it as gloom and doom or look at it as
you know something hey let me prepare
for the
worst I don’t I’mma prepare for the
worst but I’m going to expect the best
see when I go to bed and I don’t worry
about gloom and doom I don’t when I when
I get off this call I’mma go about my
day not with a worry in the world I’mma
go check on my other house I’m going do
some other things I ain’t going to worry
about none of this why cuz I’m
prepared I’m prepared I’m always
prepared I I got cash I got assets I got
a high income skill set between those
three things right there guys what what
do I got to worry about financially I
got no Consumer
Debt all I’m trying to get you to do is
put yourself in that
position get out of this High interest
rate credit card
debt stop overleveraging yourself on
these houses and these cars just over in
ourselves to keep up with the
Joneses so people think we’re successful
we got to get out of those bad
behaviors you guys see me every single
day do I am I really do am I concerned
about what somebody think or the way I
look or or or have I changed anything
anybody that’s been rocking with me
since
202 what have I changed about what I’ve
done what have I changed about my
appearance what have I changed about
anything I
haven’t I’ve said the same thing for
four straight years this is the fifth
year I’ve been saying the same
thing and I haven’t changed a bit I
still wear raggedy t-shirts I don’t care
because see that don’t matter to me what
matters to me is I got cash I got no
Consumer Debt and I got assets that
generate income that’s all I care
about I don’t care about nothing else
when it comes to this financial stuff
that happens around me I don’t I just
don’t pay attention to
it all I’m trying to get you to do is
focus yourself
focus focus on Building
Wealth focus on protecting you and your
family through
wealth that’s what you got to do guys
that’s what you got to do let’s talk
about these layoffs not that anything’s
going to happen we know we got a booming
uh labor market we know that
but again always prepare for the worst
but expect the best when do you prepare
for bad times guys please somebody tell
me in the chat when do I prepare for bad
times when do I prepare for bad
times please somebody tell me when do I
prepare for bad
times in Good Times that’s when you
prepare I don’t prepare for bad times
when bad times get here it’s too late
right it’s too late I prepare for bad
times when we’re in good
times when we’re in bad times I prepare
for good
times that’s how it
works that’s what you got to think
about even though the labor market right
now is red hot and good when do I
prepare for it to go south right now
that’s when I prepare for
it so that’s what this is this is not
saying the labor market is going to
crash tomorrow what is saying is while
it’s good you better be putting some
metrics in place so that if it goes bad
you’re protected and your fam is
protected financially that’s why I’m
reading this to you let’s
go the us could see a rise in layoffs
and there’s one indicator in the labor
market that suggests a recession is
already here that’s someone’s opinion
guys but we prepare for bad times in
good times right so that’s all this is
preparation mentally get ourselves
prepared just in case they flip the
script on us we’re ready I hate for them
to flip the script on us and we ain’t
ready and we
suffer
right but quail in intelligence research
Chief strategist pointed to worrying
signs in the labor
market despite the headline job growth
remaining strong the economy added
33,000 workers in March but the jobless
rate has steadily ticked
higher raising from a low of
3.4% in April 2023 to around
3.8% last month what’s the jobless
rate anybody can tell me in the chat
what the jobless rate
is what are they talking about there
when they say the jobless
rate just seeing if you guys paying
attention what does the jobless rate
mean what are they talking about what is
that widely called
unemployment
unemployment that’s that that’s another
word for unemployment rate guys the
unemployment rate went from 3 3.4% in
April to around 3.8% last month in April
of 23 so it went from April of 23 3.4
last month it was
3.8 as of February the labor market has
been pointing to a historical recession
indicator that flashes when the
unemployment rate rises
0.3% above its cycle low and holds above
that level for at least 3 months that
was the case for the 2008
recession Booth noted with the National
Bureau of economic research dating the
recession back to the month the
indicator was first
trigger so we’re in a recession as far
as the unemployment rate is
concerned boo said speaking in an
interview with the David Lynn report
last
week job Cuts have climbed this year
total layoffs and discharges Rose nearly
10% year-over-year in
February according to the Federal
Reserve data and worker firings could
accelerate in the coming months Booth
predicted given that layoffs typically
surge as firms report
earnings she estimated that layoffs for
the year could rise to 370,000
by the end of April that would be the
highest number of layoffs recorded over
the first four months of the year since
2009 in the wake of the great financial
crisis she said booth has been warning
for months of a coming wave of job
losses top Economist David Rosenberg has
also predicted that the unemployment
rate could
ra rise to around 5% by the end of the
year as the recession hits the
economy now guys again don’t know if any
of that’s going to happen but I’m just
telling you what’s out there I’m just
telling you what other people are
predicting all we look at see most of us
all we look at is just what’s been added
to the economy but we don’t look at all
this other data from April
2023 unemployment has went from 3.4% to
3.8%
there’s a reason for
that this person is saying by the end of
April there will be what did she say
370,000
let’s see let me let me make sure I got
that right what did she say she
estimated that layoffs for the year
could reach 370,000 by the end of April
which is one of the highest rates
ever again prepare for the worst expect
the
best who knows what’s going to happen
but I would definitely rather be
prepared than not prepared now Richard
how do I prepare how do you prepare for
that get you some additional streams of
income in place that’s how you prepare
for it get your emergency fund in place
that’s how you prepared for it get
yourself out a high interest rate credit
card debt that’s how you prepared for it
get yourself in a wealth transferred
blueprint where you’re buying assets on
a monthly basis that’s how you you
prepared for
it none of this is any secret to the
guys that been rocking with me y’all
know I tell you this every day every day
365 days a year I tell you this that’s
how you prepare for all this stuff I
don’t care what bad could happen I don’t
care about the gloom and doom because
I’m
prepared see I don’t have to waste
no space in the filter system on gloom
and doom because I’m prepared now if
gloom and doom comes guess what I do I
buy more assets and I just hold them
gloom and doom won’t last
forever it’ll it’ll 2008 didn’t last
forever did it people thought it would
people thought that would destroy the
United States would never be the same
again guess what we we
recovered we
recovered when do you get rich somebody
tell me when do you really if if you’re
smart and you know what you’re doing and
you don’t mind taking a little bit of
risk when can you really really get rich
you really can get rich in a recession
guys that’s where you get rich if you
really want to hit this thing and knock
it out of the park fast a recession is
where you do it I don’t know why we
don’t understand that we hear that word
and we freak out no I hear that word i’
be like okay I don’t want it to happen
but if it does might as well get rich
and how do you get rich woo all these
you think these assets are discounted
now
woooo you think they discounted we hear
get a recession around here they really
going to be
discounted think about
2008 think about 2008 you know how many
people became millionaires and
multi-millionaires and billionaires
because of 2008 plenty plenty guys I’m
one of them I’m one of
them why because I just
knew the fundamental thing you got to
know about most assets most good assets
they go back up in value when demand
goes back up they go back up in
value that’s why I keep telling you with
stocks and with
ETFs even with real estate right now
even though it rates Skyhigh if you buy
a piece of real estate and you got the
right rental income on it it’ll pay for
the 7 and a half% rate and then guess
what in a couple years when the rates
come down refinance
it if you buy it right in the right
location the rental income will pay for
it even after 7 and
A2 the rental income will pay for
it because you got to understand what’s
on your side with rental income most
people cannot buy a house right now they
are forced to
rent and if I got the money and I want
that white picket fence American Dream
House in in a great neighborhood I
rather rent it until I can buy
it and I’m willing to pay a fair market
value rent to have that lifestyle so
don’t run away from the real estate
market if you’re an investor and you can
afford the seven and a half and and how
do you afford it get in your good Market
that got a rental rate that can pay for
it buy you a house in a rental in a
rental rate area that can pay for it
that’s all you got to do don’t run away
from it but if just one of these people
could oh I got to just buy this house
it’s the perfect house for me okay I’m
willing to give up 50% of my salary to
do it and I’m just going to eat poking
beans and weenies every day but I got
this great house
why
why why would I do that why would I do
that I
wouldn’t I
wouldn’t I would take all that money
that all that 50% of I put in that house
I take 20% of it and put it in rent take
that other 30% put it in assets and just
do that for 10 years then go get me a
house what do I need to be sitting
around here putting 50% of my money in
an asset that ain’t going to produce no
income I
wouldn’t there you go let’s talk a
little bit about the stock market and
then we going to get out of here we
pretty much covered everything we wanted
to cover but let’s get again guys if you
want those 12 I’m sorry the 10
fractional shares of The Magnificent 7
you got to go down to the mumu link and
and and and hit the mumu link sign up
put your $100 in your new brokerage
account they’re going to give you 10
fractional shares of The Magnificent
Seven don’t delay go get that free money
that free stock today let’s move on
let’s finish up with the stock market
and then we going to get out of here
appreciate y’all bearing with me today
here’s the headline
stocks rise for a second day as earning
season ramps up di up more than 100
points US Stocks rose on Tuesday as the
corporate earnings season picked up
steam and investors look to build on the
strong gains from the previous session
the Dow climbed 120 points or
0.3% the S&P gained
0.4% along with the NASDAQ
Composite Spotify surged more than 15%
after surpassing pass ing wall Street’s
first quarter estimates and issuing Rosy
second quarter
guidance that’s how it happens guys now
this think about other companies that
will be having their earnings reports
coming up AKA Nvidia think about them
what if they have something just like
that I don’t know what the earnings
report will say but I tell you what if
they had if they get anything like what
Spotify
got can you say through the roof I can
thank goodness I’m invested thank
goodness I’m buying thank goodness I got
it in my shopping cart and executed
I’mma just wait and be patient let’s
keep
moving UPS shares edged slightly higher
after delivery giant posted better than
expected quarterly earnings PepsiCo
meanwhile dipped 2.4% despite reporting
better than expected earnings GE
Aerospace also reported
and earnings
beat here’s one of my favorite companies
Tesla is slated to report earnings after
the Bell followed by meta platforms on
Wednesday afternoon I’m going to be
really curious today what Tesla does
y’all know I’m a big big time Tesla
investor I love Tesla let’s see what’s
going to happen today am I going to be
able tomorrow morning wake up and buy
Tesla lower or will they have a bounce
because they get good news I don’t know
either way I win either way I win if it
bounces I’m already positioned because
I’m in the stock right now on the low
low I’m in the stock on the low low
right now so if it bounces I win if it
don’t bounce and they don’t come up with
anything good for the market they slide
even further and I buy more and I just
keep waiting at some point they bounce
at some point they correct them
themselves elves at some point right
that that’s my strategy it ain’t it
ain’t the best strategy but it’s my
strategy and I I’m going stick with it
so so I’m waiting on Tesla they’re going
to report this afternoon when the market
closes so by Tuesday morning I mean
sorry by Wednesday morning either I’m
bouncing or I’m buying more I’m buying a
dip either I’m bouncing or I’m buying a
dip either way I win well how can you
win either way Richard because Tesla’s
gonna at some point they’re gonna
they’re going to get back to to $250 a
share at some point they going to get
back there at some point I don’t know
when matter of fact I think they’ll be
456 $700 a share at some point in the
10year future I don’t know I’mma stay in
them though I’mma keep buying if they
slide I’m buying the dip tomorrow
morning if they slide I’m buying the
dip if they bounce I win cuz I’m already
in the stock on the low
low I’m already in the stock on on the
low low so if they bounce great I just
made some net
worth that’s just me you do whatever you
want to do but do something have some
kind of plan don’t be around here with
no plan have a plan guys telling you my
plan that don’t mean it need to be your
plan but I’m telling you my plan here we
go meta on Wednesday
afternoon and then alphabet and
Microsoft round out the technology heavy
earnings week on
Thursday just
saying woo you got some Magnificent
Seven Heavy Hitters in this thing this
week I’m talking about Heavy Hitters you
got Tesla in that thing you got alphabet
in that thing you got Microsoft and meta
all this week all reporting first
quarter earnings I
believe what you going to do what you
going to do what you going to do you
going to barbecue a meal do what you
going to
do like I said what I would what I would
do is I get down to that description
box I get down to that description box I
click on that moomo link and I going to
get me 10 fractional shares of The
Magnificent 7even where you’re going to
have meta alphabet
Microsoft
Tesla all in your basket
all you got to do is execute just saying
I don’t know that’s probably a pretty
decent deal get your 10 fractional
shares of all your great companies these
seven Great
companies just because you tried out a
brokerage app and you put $100 in there
that you can then use and buy more
fractional shares of these companies if
you want to or buy something else so
it’s up to you my recommendation do
something though have some type of
plan have some type of plan roughly 20%
of the S&P has reported earnings through
Tuesday Morning of those companies 76%
have beaten analyst expectations guys I
keep telling y’all the S&P 500 if you
ain’t invested in that I’m not sure what
are you doing did you hear what the
folks just said 76% of the companies
that have reported earnings and the S&P
7 S&P 500 have beaten expectations 76%
of the
companies what does that
mean they’re making
money and when they make money if I’m in
the S&P I make
money roughly 20% of the S&P 500 is
reported earnings through Tuesday of
those companies
76% have beaten analyst
expectations Tuesday’s moves come after
an upbeat session on Wall Street
investors bought the
in tech stocks after a recent selloff in
key
names such as Nidia which has been
dinged recently amid fears of higher
inflation and the prospect of elevated
interest rates equities have staged
among the best behaved sell-offs in 30
years however as AI winners mag
7 took the brunt of the last leg lower
disappointing earnings May accelerate
losses a risk option seems to
Discount there you go man there’s your
daily update of the market what’s going
on today in the stock market and I I
when I read that I just think about
opportunity I don’t know what y’all
think about but me I think about whoa
goodness gracious all this opportunity
out there all these things are happening
and rates are still higher for longer I
know when rates come down assets go
up what am I waiting on why am I not
sewing my seed right
now why I’m Not sewing my seed should I
be I’m I should be sewing my seed
sprinkling those seeds out I should be
throwing them seeds out throwing them
out pouring water on them every month
pouring water on them throwing them
seeds out every month and water them and
Wen them and waiting for that Harvest
down the road right I’m I’m planting all
these seeds today and that Harvest is
going to come down the road 10 years
from
now I get the
Harvest this this big Bountiful Harvest
in 10 years because I’m planting seeds
today I’m buying Nidia today I’m buying
the Magnificent 7 today I’m buying an
S&P 500 ETF today I’m buying a
healthcare ETF
today I’m buying these Great Big Boy
Blue Chip companies today I’m planting
the seeds I’m watering these seeds and
keep planting and keep watering keep
planting and in 10 years from now I reap
the big old Bountiful
Harvest which is called Financial
Freedom that’s it guys so everything I
said today you can take it negative you
can take it as gloom and doom or you can
take it as an opportunity to prepare for
the worst but expect the best and get
and and get your net worth up and get
your and get your your your your pot of
gold at the end of the rainbow up plant
you some
seeds plant you some seeds what what do
you mean plant seeds go out and buy some
Investments right restrain yourself from
spending your money on stupid stuff that
don’t put no money in your pocket
restrain from that change the your
behaviors incorporate the
seven
millionaire mindset behaviors
incorporate those seven millionaire
mindset behaviors seven behaviors you
need to seven behaviors and and
principles you need to
adapt start playing some seeds open up
that Mumu account go down to the
description Box open up the mumu account
plant some seeds today get your 10
fractional shares of The Magnificent
Seven plant you some seeds today
that’s planting seeds guys and then get
yourself on the on on the wealth
transfer blueprint where every single
month you’re planting seeds you’re
buying assets you’re taking your hard
earn money that you work for you’re not
spending to make the 1% wealthy but
you’re going to take that money and
plant you some
seeds and then you’re going to be
patient you’re going to be consistent
you’re going to be disciplined because
you know 10 years from now you’re going
to have a Bountiful Harvest you’re going
to have a pot of gold at the end of the
rainbow I don’t care what age you are I
don’t care if you’re 18 or
80 plan plan now execute now get down to
the description box like I said for you
new folks and for you folks who want to
get these 10 fractional shares that
ain’t for everybody some of y’all the oh
already got a brokerage account plant
your siege in your brokerage account you
already got but I have no idea why
someone wouldn’t take 10 fractional
shares of The Magnificent Seven guess
what I don’t care if I got a progage
account I’m going to have two I don’t
care if I got three I’mma have four I’m
going to get these 10 fractional shares
of these Magnificent Seven and then
guess what I’m going to do I’mma to take
my $100 200 300$ 400 $500 a month and
I’mma keep buying fractional shares of
The Magnificent 7even just keep planting
my seeds keep planting my seeds keep
planting my seeds because I know 10
years from now big old gigantic
Bountiful
Harvest I don’t want to wait 10 years
don’t that’s up to you man you wait two
days if you you want to that’s not my
plan I’m just giving you my plan I’m I’m
giving you my
opinion over my 30 years of doing this I
don’t know how long you’ve been doing
it I don’t know I’ve been doing it for
30 years how long you’ve been doing
it just saying just saying sometimes we
got to we got to we we we got to we got
to listen sometimes we got to listen
right especially if somebody is talking
that has done what he’s asking asking us
to
consider right sometimes I don’t know
maybe see see see if a if if a
billionaire came to Richard Fain and
said hey Rich uh I see what you’re doing
good stuff but here’s how you 10x
it what I’m going tell the billionaire
oh no I don’t want to listen to you
I’mma do it my way guy’s a
billionaire why would I turn that advice
down if the guy comes to me or the gal
comes to me and says hey Richard love
what you’re
doing I’m a billionaire I I got 100
milal I ain’t even got to be a
billionaire I got 100 milal I got 25 mil
I got 50
mil I think I can help you get
there but I need you to tweak these
things why would I not listen to that
why would I not consider
that see and I’m not trying to say I’m
some billionaire because I’m
not but I do have 30 years of experience
of doing this
I I I have built a level of
wealth I have and all I’m telling you is
here’s the things that you got to be
thinking about you got to put yourself
in a you got to plant some seeds guys
you got to plant the
seeds and wait for the Harvest you got
to be patient enough well here’s that
you got to be disciplined enough and
consistent enough to plant the seeds
every month
and then you got to be patient enough to
wait for them to develop and grow into a
Bountiful Harvest that’s why the 10
years are so important for most of us
that doesn’t mean it’s right for
everybody there going to be some of you
folks in here that can knock this thing
out of the park and get it done in a
year two years three years because
you’re just that type of person you make
that kind of income and you’re going to
put everything in but most of us ain’t
going to do that let’s let’s be honest
most of us are not going to do that cuz
because most of us don’t make that kind
of income the average American family
makes $75,000 a year that’s the average
Family Guys in
America and if you’re black black
Americans bring that down to about
$48,000 a
year just saying so all I’m saying is is
get used to delaying gratification and
not be afraid of doing something over a
longer period of time it’s okay I did it
over 30 years I think I’m doing okay
today I think I’m doing
okay I didn’t do it in one year I didn’t
do it in 5 years I did it in about
realistically I did it in about 20 years
and then I just kept doing it for the
last 10 years and I’m going to keep
doing it for another 10 years so all in
all I’m going to be 40 years into this
thing when I’m done do you see me
complaining and oh golly I’ve done this
for 40 years I’m so sick and no I don’t
want to do this for two years I I just
want to get up and be rich it’s not how
it
work be honest with yourself don’t lie
to yourself most of us not going to do
it in one or two years we need at least
10
years 10 years sew the
seeds water
them wait for the
Harvest right that’s it well appreciate
you guys I’m going to get ready to get
on out of here thank you so much for
locking in today tapping in today hit
that Thumbs Up Button before you get out
of here don’t get out of here without
hitting that thumbs up button for me I
really would appreciate it again prepare
for the worst expect the best right
prepare for the worst expect the best
hit that like button before you get out
of here make sure you get down to the
description box click on that MooMoo
link get your 10 fractional shares free
free fraction fractional shares of The
Magnificent 7 when you put $100 in your
new brokerage account they’re going to
give you 10 free fractional shares of
The Magnificent 7 so click on that
MooMoo link down the description box
take advantage of that wonderful offer
nobody else in the brokerage game is
going to give you 10 fractional shares
of The Magnificent 7 nobody nobody so go
get them also make sure you check out my
new website Richard Fain millionaire
Mentor sign up for the membership club
the paid membership club that’s what I’m
talking about I ain’t trying to hide
nothing from you it’s a paid membership
club for a
reason it’s going to be so much value in
there for those members right the the
small amount of money they pay to join
the membership club it is going to
dwarf in front of what value they’re
going to get that’s a promise that I’m
making sure to my membership club folks
that’s a promise they’re going to get
value right so check out the membership
club join if you want to check out the
digital products grab a few of them it’s
an investment in yourself it’s an
investment in building your wealth it’s
an investment in sewing that seed every
single month sewing that seed it’s an
investment in that big old gigantic
Bountiful Harvest that you’re going to
get in about 10 years it’s an investment
in you guys right it’s an investment in
you so check out that also give me a
follow on Instagram that link is down
there as well in the description box
it’s Richard Fain millionaire Mentor
let’s get this Instagram page up and
popping guys let’s get it up and popping
and then if you decide to follow me send
me a DM say hello and let me know you’re
rocking with me thank you so much guys
lock it in with a thumbs up before you
get out here I appreciate you more than
you know have a great rest of your
Tuesday and y’all know I’ll see y’all
back here tomorrow Wednesday 10:30 a.m.
eastern time with more financial news to
cover and more financial tips nuggets
breadcrumbs to get you to your financial
freedom and your pot of gold at the end
of the rainbow thoughts become things
see it in your mind you can hold it in
your hands you guys keep chasing your
greatness never stop believing in you
say stay healthy stay wealthy and I’ll
catch you guys on the next one peace

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.