hello guess hi i'm calling regarding the rav4 that's on sale
for i think thirty thousand dollars msrp yes what forty thousand ten thousand over msrp are you
kidding me what hello yes i'm calling regarding the rav4 that's listed for thirty thousand dollars
what forty thousand dollars what's going on i need to find this out uh
so
namaste to all my friends all over the world welcome to entrepreneur extraordinaire i'm
so glad you guys are joining so you saw the funny video about inflation that i just did
it tells the story of what's happening in the economy right now and the reason it's so critical
especially for people who own real estate houses selling a property buying a property living in
a property or just living their life inflation is very very important folks and in this video today
i'm going to tell you how inflation is deflating your wealth deflating your wealth yes you heard it
right so if that interests you stick around to find out so let's start by asking the question
what is inflation in simple words folks inflation is nothing but simply an increase in cost of goods
and services cost of goods and services in simple words as you saw in the video you go
and buy groceries right they're expensive ten dollars for cranberries like are you kidding me
that's a lot of money nine dollars for cashews uh milk is like six dollars you know eggs are like
seven dollars like what's going on and that is inflation somebody has to deliver that grocery
to that grocery store that has also doubled and if you notice everything on amazon has also gone up
there is a reason for that folks because people are realizing that everything moves a bit more
slowly everything costs a bit more and there are many factors to this and in this video i'm gonna
break all those down in a simplified manner so you can understand and you can save yourself some time
and headache in future and you don't get stuck like most people do when the economy goes up and
down they'll lose and they get many years behind you don't want to be behind you want to be ahead
and if you want to be ahead you must really listen to what i'm what i'm telling you what i'm sharing
with you about inflation our government right now is printing money where are you getting the ppp
checks where are you getting all these loans from that's all printed money the government doesn't
have any money they actually owe money to other banks and to social security and you can watch my
other video on how much money does our government owe to the public to social security to other
foreign banks and so on so forth so the government has no money in the name of social security the
government has taken all of your money and guess what they've done they have spent that money
they have spent that money frivolously without accountability it doesn't matter republicans or
democrats and in wars in controlling other countries and so on so forth we're in 70
different countries folks 7-0 okay and guess what happens as a result you have to print more money
and the point to remember here is scarcity okay if there's one word you can take from this uh this
video is scarcity what happened to scarcity is when money is scarce as in it's not available
in the economy in abundance like it is now then its value goes up okay for example
let's look at the value of a dollar 10 years ago okay 100 in 2010 is worth 100
but 10 years later you have to spend 125 dollars to buy the same thing that you could have bought
for 100 10 years ago so that means your money is less now now you might ask how does it you know
relate to real estate ak and let me explain to you how you think your house values are
going higher and they are going higher by the numbers but the amount of money you get from that
house that you can use to buy another house it's actually less think about that for a second right
you sell your house for a hundred thousand dollars more when you go somewhere else you
have to pay two hundred thousand dollars more to buy the same house the result is net some
zero right and now the government is saying that inflation is transitionary okay you will
breed in the news and the media the inflation is transitionary but is it really transitionary well
nobody knows the government is making a bet on a lot of things including global economic factors
if everything stays the same in the economy of the world you know then maybe we have a
chance to recover from this inflation but if it doesn't then what happens then that money
that printed money is also deflated now and that's a big problem folks for example in 2015 china
deflated their own currency you know why they did that they did that because they wanted countries
to buy more of their products okay they want to increase the export so they increased the business
and they slowly started showing more and more growth because they had already devalued their
currency by printing more money but that was a very strategic move 10 15 years ago
now you can't do that because people will catch on to it u.s is not devaluing their
own currency for that reason the u.s is devaluing the currency because of covin
where do you think we're getting covered vaccines from it's not for free somebody's paying for that
and government is paying for that by printing more money and that is what's causing inflation
folks the cost of goods have also gone up as i mentioned in my previous videos before
the american resignation where i talk about why the cost of goods is so high because the cost of
shipping okay buy an import and export is higher right if you hear in the news uh that the import
export or what they're calling a supply chain supply chain is nothing folks a fancy word for
import and export you know cost of goods bringing from china india other countries is higher now and
therefore the cost of building houses has also doubled right because the labor is also more
expensive as i explained in my other video the great resignation people don't want to go to work
this is a very big trap that the government has created for themselves and even though the economy
is good which is great right now if the economy tanks or even moves a little bit here and there
there will be a tsunami of inflation and that's very dangerous think about this for a second right
the federal reserve has the lowest interest rate but guess what they're doing now they're trying
to increase those interest rates very very slowly because they're scared as hell that the economy
might tank if they increase interest rates okay but it's only a matter of time that the economy
will go up and down because economy is very cyclical and i'm not predicting it's going to
go down economy may go down okay and it will come back up but when the economy is down what can you
do to save yourself so here's what happens now the money that you have in the bank let's say you
have another hundred thousand dollars or fifty thousand dollars saved up that fifty thousand
dollars is not worth fifty thousand dollars that used to be a few years ago and if the inflation
hits if the price of cranberries in my funny video goes from ten dollars to twenty dollars
how are you gonna feed your family it's all signs of inflation folks see it around you smell it you
know it's like you smell the coffee you can smell inflation in the air right now i'm an investor
and investors keep an eye on these kind of things that's how rich gets richer and the
poor stay the same inflation also hits only the middle class and the lower class okay the
have nots it doesn't hit as hard for the halves because they can buy things in both they can store
and they also read a lot about what's happening they trend these things years in advance they
plan five years six years ten years in advance most people don't do that most people you know
outsiders live month to month paycheck to paycheck right so if i were you i would keep my savings
as much as possible buy with other people's money don't use your own money that's why i keep saying
cash is reserved it's safety and security right that's my philosophy credit is leverage leverage
your credit put things on credit card gain some points you can paid off later if you want to
but if the economy goes up and down at least you have some cash to fall back on if you have gold
you can buy gold to offset inflation okay during times of inflation things that are scarce right
scarcity again the key word is scarcity things that are scarce like gold and silver their value
goes up or their value p sustains right now put money in real estate real estate is a great asset
folks and i keep talking about it if you're a landlord okay you're in luck because real estate
will sustain itself even if the price of house of value goes down guess what the rents go up
because people need a price a place to stay and landlords will jack up the rents because landlords
also have to buy that 10 20 cranberry box for their kids the cost of shipping from china has
doubled and i know because i have amazon fba business interest so i read those things right
the economy is cyclical it goes up and goes down it's time for economy to take a little bit of dive
even the house prices may go down a little bit just a prediction and observation and when they
do you're at least ready you have some cash in the bank and that's all i'm asking you to do even if
you have access cash doesn't mean you have more cash you actually have less cash than you had
two years ago because of again printing money deflating the money inflating the economy okay
economy inflated cost of goods everything you're buying is you're paying double the price
by the way for those of you who are new to my channel i'm a real estate investor
i build properties i sell properties i buy properties i buy notes i rehab properties
i've built buildings and so on so forth so you can learn about me more on my channel i'm a former i.t
person i have a computer science degree a master's in computer science and i've done consulting uh
pretty much all over the world for the top three consulting firms so that's in short of who i am
my goal is to help the outsider people who don't get invited to meetings
people whose opinions are not taken seriously people who are not allowed to speak at work
because they're you know they're devalued and i used to be that person as well my opinions
my ideas were always shot down by my bosses right so what did i do i started my own company
and i started to believe in my ideas and you you too can do that don't listen to
anybody telling you you can't do something or your ideas are crap let them prove it to you
so um i hope i've given you guys enough you know enough facts and things to ponder about
i hope you guys can think about these things and really make a good move and understand
that these economic conditions are severe right now they're kind of risky so if you're investing
in bitcoin other currencies or you know stock exchange and all that just be a little careful
because economy can take a spin very quickly and you just want to make sure you're covered
you have some reserves that you can fall back on okay don't be too aggressive in this market be a
bit more conservative because you just never know what 2020 two will bring with that i want to thank
you uh for uh joining my channel for subscribing our subscribers are growing leave a comment if you
agree with me and my thoughts on inflation give me your thoughts tell me if i was wrong maybe i'm
wrong and i can learn from you guys you know i'm humble i don't know everything okay i'm happy to
learn from you as i appreciate you you could be anywhere but you choose to be here so i want to
thank you very much with that i love you all have a nice day bye now and see in my next video thank