What's up! It's episode 73 of Payne Points of Wealth and the sky is literally falling, as we're recording this Russia is invading Ukraine. We've got financial conditions tightening as global banks around the world are raising interest rates. Is this the end? Are we going to a big, BIG bear market? Are we going into recession? Or is this the buying opportunity of a lifetime? We're going to give you our 2¢ on that. We're also going to tell you exactly what to do with your money.
On the tipping point today, we have a special guest, Frankie Lagrotteria, and we'll talk about almighty income. You need income for your financial independence plan but how do you create that income? How do you create an income plan where you don't run out of money? We're going to give you our playbook. Check it out!
You will want to hear this episode if you are interested in...
The best thing in the world is that we live in the great old US-of-A! Look at the people in Ukraine being subjected to this aggression from Russia. As investors we have to look at what's going to happen to the markets as a result of this. History tells us that regional conflicts, unless they end up turning us into a world war, do not bring us to a bear market.
This is a correction, not a bear market. We didn't go to a bear market after Afghanistan, or Iraq, or Korea, or Vietnam. Only after World War II started. It is a regional conflict. If you look at the GDP of all of Russia, it's about the size of Texas and Ukraine is even smaller than that. At the end of the day, if you look at these geopolitical issues that we've had in the past, usually things work themselves out and eventually investors start looking at what's going on in the economy. And right now the economy is good!
This week on the tipping point: IncomeOne thing we've found at our firm Payne Capital Management, with the thousand or so relationships we have, is that one of the most critical components to your financial independence plan is income. You hear a lot of talk about income. How do you generate income? What's a good income? What's a bad income? How do you equate for inflation?
The cornerstone of any financial independence plan is that you're generating enough income that you can live on it. So in today's episode with special guest Frankie Lagrotteria we will do a deep dive today into understanding what kind of income you can produce on your portfolio to give yourself that freedom that we're all thinking about when we're investing our money. Check out the episode for all the tips!
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The Only Hedge Against Inflation, Ep #61
Financial Sabotage: Are You The Biggest Foe Of Your Own Financial Independence?, Ep 60
Is Your Advisor Addressing Your Unique Financial Variables?, Ep #59
Invest In The Market You Have Not The Market You Want, Ep #58
Picking A Retirement Date -vs- A Retirement Amount, Ep #57
From Oh No to FOMO, Ep #56
Will Your Financial Flight Plan Protect You?, Ep #55
Do You Have A Mystery Investments Advisor?, Ep #54
Crazy Financial Times — Another Lehman Event?, Ep #53
Let’s Play Financial Jeopardy, Ep #52
Investing Through the Ages, Ep #51
The Pulse of America with Kristan Vermeulen, Ep #50
Bonjour Financial Disasters, Ep #49
There's No Reward Without Risk, But If It Seems Too Good To Be True, It Probably Is, Ep #48
Mindless Diversification, Ep #47
From Market High to Market High...One Cold Day Doesn’t Make a Winter, Ep #46
Labor, Inflation, Shortages, Earnings, and Goals! Ep #45
Should You Have a Covered Call Strategy in Your Portfolio?, Ep #44
Who Cares What the Fed Says! The Market Will Determine Rates Long Before They Do, Ep #43
Pain Points When It Comes To Your Finances, Ep #42
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