legacy

How Safe Is Your Personal Information? Episode – 207

September 8, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:18:22 0 Comments

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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!

August 25, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:43:44 0 Comments

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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

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Social Security is BROKE! Episode – 204

August 18, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:49:12 1 Comment

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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

 

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The Return of Connor Boyack Episode – 203

August 10, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:40:40 0 Comments

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Host Patrick Donohoe welcomes Connor Boyack back to The Wealth Standard!  Connor is a popular author and the President of Libertas.

Patrick is extremely conflicted when it comes to the U.S. Economy.  He thinks many of the things that have happened over the past 10 years don’t make any sense!  American is in the longest economic expansion in history without a correction which calls the “Austrian Free Market Business Cycle” into question.

Connor is here to offer a fresh perspective into why this could be happening.  Is it possible that the U.S. Economy can continue to grow without a correction?  They also discuss the impact of external factors such as political corruption, cryptocurrency and the student loan bubble on the economy.  Do they make much of an impact at all?  Listen now to find out!

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

http://libertasutah.org

http://fortune.com/2017/08/08/overstock-digital-currency

https://bitcoin.org

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Are You Ready For The Cash Flow Wealth Summit? Episode – 196

May 25, 2017 Patrick Donohoe Business, Economy, Education, Finance, Government, Health, Life, Money, Podcast, Politics, Science, Technology, The Wealth Standard 00:28:04 0 Comments

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What is “Cash Flow”?  Is that a new term for you; or are you a grizzled veteran?  How do you, as an individual or a company define it?

Patrick Donohoe and co-host Chunga would like to invite YOU to attend the 2017 Cash Flow Wealth Summit!  This unique, online event is FREE and it’s  happening June 22nd and 23rd.

Ten’s of thousands will be in attendance; all learning the principals of Cash Flow from an elite faculty of over 40 expert, presenters.  These experts come from a wide variety of industries and will be presenting on topics ranging from finance and investing to writing books, politics and podcasting!

Patrick and Chunga take some time in this episode to highlight some of the experts and their presentations.  If you’d like to sign up and get your free registration, or if you’d like more information, please take a moment and click the link below!

cashflowwealthsummit.com

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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About the host

Patrick Donohoe

Patrick Donohoe

CEO Paradigm Life

Patrick is the President and CEO and started Paradigm Life in 2007 after learning from his mentor Kim Butler about financial strategies outside of Wall Street.

With a background in economics and marketing, Patrick immediately realized the opportunity to teach investors, business owners, professionals and families on a large scale using modern digital media and communication technology. Since 2007 Paradigm Life has worked with thousands of individuals in all 50 states.