Crashes And Taxes Podcast

The gap between your current income and the income you want to have for the rest of your life is a critical piece of information that determines your overall financial future.   Many people just aren't aware of what their wealth gap is, and how to build their asset classes to match their retirement goals. Without this information, we end up operating our finances in the dark, without an integrated...

Private courier companies and carriers like UPS and Fedex are having one of their best financial years ever due to increased demand for their services during the lockdowns. The United States Postal Service, on the other hand, was last profitable almost two decades ago and continues to struggle every single year.   Since 2006, the USPS has been failing and drowning in debt, losing up to $9 billion...

I know what you're thinking...why is a financial and tax podcast talking about politics? But what many Americans don't realize is that the policies and mandates being put into place now (even for what appears to be for 'the greater good'), affects every single American in multiple ways, including your financial picture as we now know it.   While tax attorneys tend to push for less taxes (obviously...

We all believe that building a house to keep us safe throughout our lives is normal… but have you ever considered the financial house you have built with your assets?.. Different asset classes function differently and leveraging their different characteristics can help ensure your long-term financial success. This is what we call our fiscal house. Your fiscal house is made up of assets that involv...

The American public has been conditioned to believe that there is one path to success, and that is to go to college and get a 9 to 5 job. That isn't the only option available.   Some of the most successful people in our nation got to where they are because they took a chance on a different path. We live in a country where there's so much opportunity to tap into if we go against the status quo.   M...

One of my favorite asset classes in the tax code is something many people don't consider, believe in or ever leverage.     It is one of the most effective ways to stabilize our fiscal house and take advantage of some wonderful benefits unique to the tax code.    How do we leverage this asset class to build our wealth? What does it do for our finances and how is it different from other asset classe...

The initial shutting down, reopening and threat of further shutdowns has created an unprecedented amount of economic instability and uncertainty. If we continue this way, we're undoubtedly headed for a financial catastrophe of epic proportions.   Recent financial figures confirm that consumer confidence is at an all-time low. People are concerned that we aren't fully reopening and worried about wh...

Over the last decade, there's been an explosion of tactical money management, a philosophy which diverges from traditional investment models. It has produced a huge shift in the type of offerings and services that are provided.    One method is a cookie-cutter approach that doesn't take financial individuality into consideration, and the other is on the cutting edge of protecting your investments...

Our economy has bounced from a massive correction to a fast and swift recovery in record time. But the news media is now talking about a second wave of the virus and what we're seeing in the stock market is a direct reaction to this fear mongering.    If we fall prey to the day-to-day news media and market manipulation, we'll end up investing emotionally and throwing all logic, good decision makin...

Money and financial stability can be extremely liberating for us. We can gain freedom and power by building wealth. Unfortunately, a lot of what we're taught about money actually diminishes that power, and in order to regain it we have to break with conventional wisdom.    As we've never been effectively taught how to use our money, we continue to use 401ks and bank accounts. These are far from th...

Throughout the government's handling of the coronavirus crisis, we've seen an unprecedented and severe encroachment on our civil liberties, more so than ever before. Slowly, our freedoms and our ability to live our lives unmonitored and unfettered is being chipped away.  This isn't to say there shouldn't be legitimate government intervention in times of panic. However, we should be worried that wh...

Changing business models and the emergence of entirely new business models has caused the growth of the independent contractor employment class. There's always been a lot of back and forth about what to do with this class tax-wise, and in California AB5 was the state government's answer.    The problem is this law doesn't actually bode well for many businesses whose business model relies partly or...

1981 was the pivotal point in American history where we shifted from pensions to the 401k as the primary source of retirement funding. Since then we have seen the perils and downsides of a system with a flawed design and execution.     Before the 401k, we had a plan which gave people a better shot of maintaining a substantial percentage of their pre-retirement income. 4 decades later, what is the...

As we discussed in last week's episodes, 2020 has produced significant market highs, only to be followed by some of the deepest one-day drops the market has ever seen.    If we look further into history, we realize that this isn't just about the coronavirus; this is actually a new pattern of how the market performs. The new normal is insane market highs and vicious lows.    We need to accept this...

Ever since coronavirus was declared an epidemic, the world's been going through a serious rough patch. The financial implications of the entire world shutting down are significant, and if you have money to invest it's hard to know where to turn. If you received a stimulus check, you're going to need somewhere safe and accessible to put it, but is anything actually secure when the world shuts down?...

In the last 4 months, we've experienced a fast and furious decline in the market. No one could have foreseen a global epidemic, but we did know that we were long overdue for a market correction.  History can give us greater perspective on how the future is going to take shape.  On February 19 we hit a historical market high, but within 30 days we saw some of the largest single day losses the marke...

Welcome to Crashes & Taxes! I am super excited to launch my brand new podcast on Thursday, May 14th.  Please enjoy this short preview of my first two episodes. Subscribe to the podcast and join us on launch day as we dive into the latest breaking news and topics. We have an exciting line-up of guests to come, ready to help you tackle the status quo of market crashes, rising taxes and politicians t...