It’s a mess out there... FEMA is loading up on body bags, and NY hospitals are getting hammered with COVID-19 patients. Meanwhile, Trump wants to spend trillions on infrastructure—on top of the recent $2.2 trillion stimulus. How are we going to pay for all of this? Jared says the “smidiots”...
Bill Gates hasn’t worked in over 20 years, he constantly gives money away, and he’s still one of the richest people in the world. But you don’t need that kind of money to be rich. Jared explains why “rich” is relative... and how you can get there.
The government is doing several things to deal with the current situation and its impact on the economy. Some good, some bad. Also, if given the choice, Jared would prefer $5k a week to $25k a year… Jared reviews the math.
Burgers, donuts, and bailout controversy. Changes in the markets are bringing up some of the bad behavior from the 2008 crash. There are no bailouts in capitalism. And all of this in an election year.
We’ve never seen anything like this before. This is a gigantic Black Swan. Hopefully, your risk mitigation is done, and you have some cash on hand. It sounds like a lot, but it’s where we are.