In a time where everything costs more, taxes are a burden and wage growth might not feel adequate, how do we fight back? This episode breaks down practical ways the middle class can stretch the dollar and make smart money moves. Episode Highlights: The potential investment value of firearms and ammunition, and the challenges the middle class faces in ascending to wealth. Impact of COVID-19 on global supply chains, the shift in manufacturing from China to other regions for resilience and national security, and the role of geopolitical tensions and media narratives on financial markets. Insights into economic cycles, the possibility of inflation or deflation, the role of the Federal Reserve and the complexity of managing government debt and interest rates. Strategies for wealth accumulation through asset allocation, the importance of investing in appreciating assets and balancing spending on life-enriching experiences with saving for financial growth. Principles of scarcity and leverage as they apply to economics, including the high market value of professional athletes due to their unique skills and limited supply and the strategic moves in industries such as semiconductor manufacturing. An understanding of how tax implications affect different income streams and the advantages of certain types of income such as long term capital gains, real estate and passive income over earned income. SUBSCRIBE ON YOUTUBE! Looking for Personal Financial Advice? - Learn More Here TRANSCRIPT 00:00:00 Here's the interesting thing about buying into, like the stock market. Okay? Now, admittedly– 00:00:05 This is what I tell my wife whenever I buy a new gun, honey, it's an asset. 00:00:09 Well, and the crazy thing is that guns have historically appreciated in value. Unless they are abused, they typically hold their value or even go up. 00:00:16 Interestingly enough, even ammo. You watch ammo prices continually jump, jump, jump. 00:00:21 Yeah. You know when ammo prices drop though? After you shoot it. It's really not worth as much. 00:00:27 Just hold on to it. 00:00:36 All right. It is that time of the week, the time where we complain about the inter music and get started with the True Wealth Radio Show. I'm your host, Dave Littlejohn. In studio today with me. 00:00:45 Matt Dickson. 00:00:46 Right. Because we're like, how did we pick that one? 00:00:49 Well, we didn't. So we just move on and– 00:00:52 Right. 00:00:53 We love it. 00:00:53 What song should we move toward? Can we pull the audio? I want everybody that's listening to throw, especially if you're watching this as a YouTube like thing. Go put the comments in there. We need some intro music. What should we try? Okay, so anyway, but this is not the show, this is not the True Wealth music program. We're not gonna do that. True Wealth Radio Show today. The topic of the day. Huh? 00:01:18 Are we talking about wealth? 00:01:19 We are, no, so this is– 00:01:20 True wealth? Artificial wealth? 00:01:22 Maybe. 00:01:22 What type of wealth? 00:01:23 Well, today we're gonna talk about being in the middle class and trying to break out of the middle class into the wealth class. 00:01:30 Okay. 00:01:31 Okay? Because– 00:01:32 These tricks and everything in between. 00:01:34 Well, there'll be a little bit of that. What did we say? It was kind of, I will call it mildly obnoxious, but like, right? Unfortunately, the middle class often gets– 00:01:45 Pinched. 00:01:46 The middle finger. 00:01:47 Yeah. 00:01:47 Right? 00:01:48 No, it's true. 00:01:49 The middle class gets the middle finger. 00:01:50 And every politician is gonna look at you and say, I got a plan to help you out. 00:01:54 Well,
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