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Patrick Talks About Perspective With Daniel Ameduri Episode – 209

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Daniel Ameduri is an investor and entrepreneur.  His primary focus is on personal finance and he’s the driving force behind FutureMoneyTrends.com, The Wealth Research Group, Permanent Wealth Partners and several other publications and businesses.

Patrick and Daniel spend this episode talking about “perspective” and the importance of being open to understanding the opinions of people you may not agree with.  The current state of the world is both exciting and scary!  How can you tell the difference?  Well, more often than not, it depends completely on your perspective!

Listen now to get Patrick and Daniel’s take on a variety of financial and social based issues!

 

Here’s a few links to check out from this episode:

www.futuremoneytrends.com

www.wealthresearchgroup.com

www.permanentwealthpartners.com

www.blockchain.com

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Why Do People Stay In Ruts Episode – 208

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Patrick has been trying to get this week’s guest on the show for a VERY long time…  He’s tried forever!

The Wealth Standard is proud to welcome Synthia Donohoe to the show!  Yep, Patrick has been trying for quite a while to get his wife to be a guest!  A few weeks ago, Pat & Synthia were able to travel Mexico (where Synthia is from originally) to do some volunteer work in several different locations.  Together, they have a powerful discussion about different, economic classes and why people get stuck in ruts.

Synthia works with a non-profit organization called Stewfano which works to provide social services to people in poor and developing communities.  Synthia grew up in a very poor area of Sonora Mexico and is working to give back and help build a better future for her former home.

Here’s a few links to check out from this episode:

www.stewfano.org

Patricks article: “Your Number One Asset”

https://paradigmlife.net/resources/89/how-to-boost-wealth/

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How Safe Is Your Personal Information? Episode – 207

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It’s no secret to anyone that in todays world, Cyber-Security is a huge issue.  If the security of you personal information was compromised, you’d probably want to know about it immediately right?

Equifax is a consumer credit reporting agency and is considered to be one of the top 3 reporting agency’s in the United States.  They house the personal information of hundreds of millions of Americans… and they’ve been hacked.  Not only have they been hacked, it actually happened 4-months ago!  The personal information of 143 million people has been compromised and they did’nt make it public until now.

To make things look even worse, the executives at Equifax sold off millions of dollars in stock BEFORE making the security compromise public.  Are they guilty of “insider trading”?  How common is insider trading? Do people actually get away with it?

Here’s a few links to check out from this episode:

https://www.cnet.com/how-to/equifax-breach-find-out-if-you-were-one-of-143-million-hacked

http://nypost.com/2017/09/08/credit-card-fraud-spikes-after-equifax-cyber-attack

https://represent.us/action/insider-trading

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When It Comes To Financial Preparedness, Question Everything!

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Patrick Donohoe and co-host Chunga talk about the 2 biggest demographic issues that could sink the U.S. economy!  It sounds pretty grim, but don’t be fooled by the negative tone.  There’s an awful lot of opportunity to build wealth for both young and old Americans that choose to plan wisely.

Issue #1 – College

 https://www.usnews.com/education/best-colleges/paying-for-college/articles/2015/07/29/chart-see-20-years-of-tuition-growth-at-national-universities

        – Cost of tuition – 50k for private 25k for public
        – Debt – 1.5T – can remember when it crossed 1T not too long ago
        – Parents paying for inflated tuitions & Opportunity Cost
        – Average Salary: 7% of median income – 25% median income
Issue #2 – Baby Boomer Care
        – Average boomer has 160k saved – 600/month for 20 years
        – Health Care = 377k average cost
        – Don’t have a clue about social security – they are always making changes – changes starting as early as January – Making a shift to a lower income for the highest taxable amount

Tune in to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter,Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

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Social Security is BROKE! Episode – 204

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In this weeks episode of The Wealth Standard, Patrick and co-host Chunga discuss some newly released information concerning Social Security.

Many are now claiming that America’s Social Security program will most likely required a goverment bail out that’s 60x greater than the 2008 emergency bank bail out!  Social Security was never meant to support people for as long as it currently does.  Americans are living much longer than they were a few decades ago.  Medical experts, are now saying that “70 is the new 50” and “50 is the new 30”.  To make matters worse, women are having fewer children!  Meaning?  Fewer people are paying into Social Security while more and more people are relying on it!

How can this problem get fixed?  Can it be fixed to begin with?  If not, how much longer can we go before a catasrophic failure of our Social Security structure?  Listen now to get Patrick and Chunga’s analysis!

Here’s an article from Simon Black that you may want to check out:

 http://www.zerohedge.com/news/2017-08-11/social-security-requires-bailout-thats-60x-greater-2008-emergency-bank-handout

 

Tune in to our weekly shows on YouTube and Tunein!  We also love to receive your feedback, thoughts, and comments on Twitter,Facebook, and the iTunes store. Or, you can email us at info@paradigmlife.net

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