The Purposeful Podcast

This week, business leaders of Europe's non-ferrous metals industry (i.e. - aluminum, zinc, copper, nickel, etc.) wrote a letter to the leadership of the European Commission and the European Parliament pleading for intervention to prevent permanent deindustrialization, citing unprecedented energy costs as an existential threat to the survival of the industry.Meanwhile, China's economy has slowed significantly, which is presenting massive challenges to its banking and financial sectors as over-leveraged real estate developers start to default on their debt obligations.How will the economy of the United States perform as other major economies teeter on the edge? How will these events impact poorer countries? Are we looking at a new round of debt crises on the horizon? Matt and Saki discuss on this week's episode.REFERENCED ON THIS EPISODE:https://eurometaux.eu/media/qnhn5k30/non-ferrous-metals-ceo-letter-on-energy-crisis-06-09-2022.pdfhttps://www.reuters.com/markets/europe/euro-zone-inflation-hits-yet-another-record-high-august-2022-08-31/https://www.bloomberg.com/news/articles/2022-08-29/china-s-bad-debt-managers-see-profits-tank-on-property-losses?leadSource=uverify%20wallhttps://asia.nikkei.com/Opinion/China-s-debt-bomb-looks-ready-to-explodehttp://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-GRAPHIC/0100315H2LG/Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

With the war in Ukraine, severe drought, and ongoing supply shortages, the environment in Europe is set for difficulties unseen in several generations. How will Western economies be impacted in the short and medium terms? What can you do to prepare? Matt and Saki discuss these topics on this week's episode.RELATED ARTICLES:https://www.msn.com/en-us/news/world/european-power-prices-shatter-records-as-energy-crisis-intensifies/ar-AA11eM9uhttps://www.devex.com/news/devex-newswire-why-fertilizer-is-a-mucky-problem-for-the-food-crisis-103856https://www.yahoo.com/news/europes-energy-crisis-going-worse-090058572.htmlhttps://markets.businessinsider.com/news/commodities/europe-energy-crisis-russia-natural-gas-perfect-storm-bofa-electricity-2022-8Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

On this episode, Matt and Saki give an in-depth review of President Biden's student loan proposals.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

Saki took a much deserved vacation, so we took a few weeks away. Be sure to join us this Sunday for a new Episode!Support the show

Matt and Saki revisit the Pareto Distribution, which is more commonly understood as the 80/20 rule. Whether you're a team lead, a manager, or an employer, you've probably wondered why most of your productivity comes from the top 20%. You want to get the most from all of your employees, but the reality is that not everyone can be the top producer -- and they explain why that's actually a good thing. Matt and Saki discuss methods and principles that you can use to tap the potential of every member of your team.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

The national economic news continues to be worrisome, as once again the Federal Reserve opts for a 0.75% increase to the federal funds rate. Inflation remains white-hot. By whatever metric you consider to be the appropriate way to measure a recession, the post-COVID economy continues to sputter in fits as supply-chain issues and government spending cause concern.But does this mean things are gloomy where you are? While prices are getting higher for everyone, when you dive into the data, there are actually areas in the country that are doing much better than others. Matt and Saki discuss why it's important to factor in local trends and local performance as you consider important decisions for your financial future.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

The previous episodes have all been leading up to this. What are Bitcoin's greatest strengths as a potential store of value and medium of exchange? What are the weaknesses that might prevent Bitcoin from realizing its full potential? Matt and Saki get into these and other questions in their fourth and final episode of their review of The Bitcoin Standard by Saifedean Ammous.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

Do you really need to go into consumer debt with credit cards in order to qualify for a home loan? What does a credit score really measure? Matt and Saki discuss the "debtor mindset" and why you don't necessarily have to follow conventional wisdom on your financial journey.In addition, they discuss the June inflation report and why a housing bust may be on the horizon.REFERENCES:https://spectator.org/biden-housing-bust/Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

There's going to be a lot of bad economic news in the next few months, maybe even the next few years. Matt and Saki explore areas of opportunity for potential investment, areas to avoid until things renormalize, and the implications of interest rates that most of us haven't seen in our lifetimes. The most important advice they have is not to panic, and you'll want to hear why.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

This week, the chairman of the Federal Communications Commission recommended that Google and Apple consider removing TikTok from their respective app stores due to concerns about data security. You may not realize it, but TikTok is not the only app that harvests data about you. But whose data is it anyway? Does your data belong to you, or to the companies with whom you do business?Matt and Saki also discuss the 80/20 rule. It often reveals itself in who terms of who is most productive in a given organization, who is most wealthy in a society, and other social applications. Are there ways you can put it to use for your advantage? You'll want to listen to find out!RELATED:https://www.foxbusiness.com/technology/fcc-commissioner-tiktok-removed-apple-google-stores-national-security-riskBuzzsprout - Let's get your podcast launched! Start for FREESupport the show

Matt and Saki bring you part three of their book review of The Bitcoin Standard, by Saifedean Ammous. They discuss three main topics: time preference, the role of money and markets in pricing (i.e. - how to determine the relative value of goods and services), and the relationship between sound money and a free people. The topics discussed are extremely relevant to the topics of inflation and recession, and are thus very timely given today's economic environment.If you want to understand what's happening in the U.S. economy right now and how best to position yourself to take advantage of the situation to enhance your opportunities to pursue a purposeful life, you will not want to miss this episode!Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

Are you thinking of financing an airbnb? If so, listen to this first!RELATED:https://www.foxbusiness.com/lifestyle/airbnb-party-ban-becomes-permenantBuzzsprout - Let's get your podcast launched! Start for FREESupport the show

It's been an incredible week of news since our last episode: the May inflation report and producer price index numbers came out, several major stock indexes entered "Bear" territory, and the Federal Reserve increased interest rates by a historic margin. Matt and Saki discuss these stories and share insights about why it may be time to buy soon -- if it isn't time already.Saki is a very conservative investor, looking for just the right deal. Matt sometimes prods him when economic conditions change to see if he will budge from his game plan, but he always answers the same way: a good deal is a good deal in any economic environment. They talk about this principle as it relates to short-term speculative investing versus long-term value investing. As they say, patience is a virtue!As Referenced on the Show: https://fortune.com/2022/06/17/larry-summers-unemployment-skyrocket-6-percent-inflation/Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

Have you ever taken a substantial risk in pursuit of something really important? Have you been paralyzed by fear when you felt certain that you should say or do something that might go against the grain? During this week's Values Segment, Matt and Saki talk about the importance of courage, and how it plays a critical role in the pursuit of meaning.During their review of current events, Matt and Saki go over the latest economic data and discuss why it's important to prepare yourself financially during turbulent times. Saki also shares some insights into one of his areas of particular expertise, the commercial real estate market. Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

In this episode, Matt and Saki get further into their review of The Bitcoin Standard by Saifedean Ammous. They discuss the special characteristics of gold that have caused it to be the currency of choice historically, and why it still remains a great store of value today. They also review the modern history of fiat government currencies, particularly since the onset of World War I when many Western governments left the gold standard, going through the conclusion of World War II when the modern financial system was adopted. If you want to better understand inflation, including its historical impact, you won't want to miss this episode.Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

Are we in a real estate bubble? Is now the time to consider investing in commercial or residential real estate? Who is going to be hurt the most by high prices and continued inflation? Matt and Saki share their views and take an in-depth look at the underlying factors that are influencing the real estate market. Buzzsprout - Let's get your podcast launched! Start for FREESupport the show

On this episode, Matt and Saki discuss recent research profiling America's millionaire earners. They aren't who you would think they are! That said, your hosts dig into the data and reveal the strategies that will help you to count yourself among them.They also talk about the "boom and bust" cycles of the economy. For a while now, people have been wondering when the next bust will come, and the indicators suggest it may be just around the corner. Find out why that will present unique challenges, but also great opportunities.Finally, Saki talks about the wisdom of buying used during the Savings Hack of the Week.https://www.dailymail.co.uk/news/article-10826181/Unsexy-businesses-people-getting-rich-include-auto-repair-shops-gas-stations.html?ito=native_share_article-mastheadBuzzsprout - Let's get your podcast launched! Start for FREEBuzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

On this special episode of The Purposeful Podcast, Matt and Saki begin their review of The Bitcoin Standard by Saifadean Ammous.In order to understand Bitcoin - and currencies in general -  it is critical to understand money: what it is and how it works. In the opening chapters of his book The Bitcoin Standard, Dr. Saifadean Ammous gives a primer on the fundamental characteristics of money, and illustrates them by providing examples of currencies from ancient societies. Matt and Saki discuss the traits that make any particular currency good money (or bad), and explain how a good understanding of money is critical to understanding the high inflation that the United States is currently experiencing. Buzzsprout - Let's get your podcast launched! Start for FREEBuzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

Matt and Saki talk about John Stossel's most recent article bringing to light the eleven states that allow local governments to take your house and keep your equity over delinquent property tax debts. They discuss how tough it can be for the poorest Americans to get a hand up, and they debate whether the Fed is doing enough to combat inflation after the latest interest rate hike.During the Giving Back segment, Matt spotlights a local foster care "bridge" organization and talks about how you can make an impact where you live. Saki talks about how eating out makes your waistline and pocketbook grow in opposite directions during the Savings Hack of the Week.Buzzsprout - Let's get your podcast launched! Start for FREEBuzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

On this episode, Matt and Saki discuss the implications of Elon Musk's bid to purchase Twitter, and why free speech is the foundation of a healthy society. They also update you on the status of the housing markets and tell you what to look for if you're interested in investing in real estate.Saki talks medical debt during this week's Savings Hack, and Matt discusses the importance of delegating authority during this month's Values segment.Buzzsprout - Let's get your podcast launched! Start for FREEBuzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show