Today, I’m bringing back an encore episode with David McAlvany, CEO of the McAlvany Financial Group. We discussed the nature and persistence of inflation, a conversation that took place a year and a half ago, but is still relevant to today’s economy.

Listen in to learn the effects of inflation on our wealth and investing and how the next generation can prepare to handle the responsibility of shepherding wealth and standing out in today’s job market.

Minute Markers:

• 1:57 – The importance of leaving a legacy and why legacy is more than money.
• 4:30 – Secular trends vs. cyclical trends and their effect on the economy
• 6:32 – Why real estate needs to be managed carefully.
• 11:30 – What happens if we go into a recession.
• 16:20 – The pattern of growth in gold and metal investments.
• 20:12 – Is the U.S. moving toward a more European model?
• 24:16 – How to inspire the younger generations to be creative, solve problems, and pursue success.

If you like this episode, here are more episodes we think you’ll enjoy:

1. Anna Kelley – Building Wealth and Teaching Financial Wisdom to the Next Generation – Ep #475
2. David Phelps – Creating Your Own Economy in the Midst of Volatility in 2024 – Ep #463
3. Eddie Speed – The Economy is Worse Than You Think – Ep #447

Featured on the Show:

• David McAlvany: Website | Twitter | Facebook
• The Intentional Legacy by David McAlvany
• McAlvany Wealth Management
• Tactical Short

#bigpicture #davidmcalvany #investing #legacy #marketchanges #perspective #recession

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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :

1. Schedule a Call with My Team:

If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

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Power Concepts:

Get the Full Episode Transcript:

 

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