Podcast Episode #447: The Economy is Worse Than You Think – Eddie Speed
Episode #447: Dentist Freedom Blueprint Podcast
The Economy is Worse Than You Think – Eddie Speed
In today’s episode, you’ll listen to a conversation I had with my good friend, Eddie Speed, who has been in real estate alongside me since the 80s. We discuss the different approaches we took, as well as important steps to take when the economy takes a downturn. We also break down the current real estate market and why the economy is probably worse than you think.
In the last 8 weeks, we have added $1.8 trillion to the national deficit. What does that mean for us and how will it affect interest rates, inflation, and more? And what impact is the election cycle and financial cycle having? In today’s economy, timing really does matter, and taking action—even if it isn’t perfect—is key.
Minute Markers:
0:53 – When Eddie started in real estate and what his expertise is in now.
4:17 – Why David wrote the article about why the economy may not be as good as you think.
7:29 – What interest rates can tell us now about where we’re heading.
9:07 – What many people don’t realize about inflation.
11:11 – Where the debt limit comes into play and how the election factors into that.
15:12 – What we should be looking at to hopefully tell us what to expect.
17:42 – What’s going on with deflation and where we’ll see it.
19:55 – What helps to stabilize residential markets.
25:50 – The importance of balance and how to position yourself in the current economy.
Featured on the Show:
Eddie Speed: LinkedIn | Colonial Funding Group
NoteSchool: Facebook | Website
David Phelps: Economy Is Worse Than Anyone Admits
Freedom Founders Discovery Call
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) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
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2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
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