How will the 3rd Stimulus Package affect the econmy and your retirement plans?

ABOUT THIS EPISODE

This 3rd stimulus packagess is similar to The New Deal of days gone by. If that's the case, what should we expect the impact to be on the economy. Perhaps more specifically, how could i timpact your retirement plan? Financial planning expert and Amazon Bestselling author, John Browning, shares his perspective and how you can prepare yourself. Connect with John by texting "LIFE" to 21000 or GuardianRockWealth.com.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert in number one Amazon bestselling author, John Browning Jones, the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a free copy mailed right to your door. I'm Michael The lawn, your host for the next few minutes as we chat with financial expert and business owner John Brownie. Well, hello, John Brownie. How are you today, sir? I'm doing it beantastic. The Sun is shining. It's beautiful day down here at Boynton Beach, Florida today. Wow, I need to come visit because in a little rock where I am today, it is a little chillier than that, but that's okay.

Hey, it's almost Christmas and when we're recording this, and so I'm getting and it's beginning to feel a lot more like Christmas to me. And you know what? That feels like man from Chicago. Yeah, absolutely. And here's the crazy thing. I'm talking with a few of my clients today from Hawaii, yes, and so on Honolulu, like the Honolulus O, Wahoo. They're getting a ton of rain, like more rain than they've seen in like decades. It's insane. But here's the crazy thing. You know what they're getting on the island of Hawaii? HMM, snow? No Way, on the mountain, on the mountain, right, they actually have a blizzard morning. Get Out, don't joke. I was talking of my plants today and he's like you, you, just like we can't even believe it. And there and he's like, and I'm kind of freaking out. But because it is gotten down into the S and shut the place down everything. Should you know? Hey, we we don't function in the S S stare.

That's hilarious. Snow in hollow the hood, figure, yeah, Snow on the Big Island, on the big on the mountain island. But even even on the mountain, don't get snow out there right, right, this is snow. Way You'll believe this. So ha ha ha. All right, Hey, speaking of not believing things, John, when you and I grew up with. There was a there's this school half rock that we walk that we watched a lot, and there was this one song of many that just stays in my brain of three is a magic number, I remember. Yeah, that's one of my I mean, you need to sing it for us, come on, Alli, three is a magic number. Are you want to hip? That's all right, that is enough to plant that song in people's heads for the rest of the day. Yeah, especially if they're around our age. And that's right. So you're going to be getting emails saying why did you do that? Anyway, three, speaking of freeze, I want to talk today about the third stimulus package and how that might affect the...

...economy and some retirement plan. So talk to us about that. Three. Sure, it's hard to talk about that in the absence of talking about a little bit about the first two. Okay, so the third one, the third stimulus that is as finally made its way through, and it ranged from several trillion dollars down to what it is today. But the big difference is this is much more call it traditional standing, in that they're going to spend a bunch of money to it's kind of like the new deal from FDR right. Okay, been some money to actually create. I'm got to be carefully. I don't want to get political, but what kind of the federal government? The reason that we pe taxes generally, the way I look at it, is so that we have roads, we have military protection, we have,...

...you know, interstate highways, we've got some communication that comes out of this. Is What this money is supposed to be for. So from this we should see some some bridges that are well passed their prime fixed. That I we do. Actually I was just in Cincinnati, Ohio and I drove across this bridge and as we were driving across it, we were bringing up the fact that this particular bridge is a major thoroughfare, it's an interstate highway and was essentially condemned about twenty five years ago and they were supposed to have completely torn it down and completely replaced it with a new bridge. Never happened. Maybe that one gets replaced aime. So things like that. There's a huge need for it. So that's a good thing. And the good thing...

...is when you spend money on on things like that, people are employed and everywhere from engineers are employed, construction workers are employed, environmental sciencests are employed, all sports of that, and then that all trickles down to everybody else that supports those people. Okay, that's kind of what I call true stimulus. So what does that do for people's retirement plans? It it can be a good thing, a lot of it. You have to be careful, though. A lot of this is what I call priced into the market already. Okay, I mean and the means that the market, Equity Market in general, tends to trade in advance of what what's happening. So so infrastructure securities, and I'm going to be careful not to mention any specific securities,...

...because investment advice. But you generally know what an infrastructure security is like. Maybe they make earthmoving equipment. They they might be an engineering firm. They might be these days, they might be a d printing firm. Yes, and they in even cyber security is considered infrastructure now too. So any of those things. So it's a little different now than back in FDR new deal day. Getting was stuff that didn't even exists back then. Because of one of my favorite topics, innovation and investing. Right, absolutely so all this should trickle down and increase. He a economy. And the big worry, of course, now could, because we're already seeing it. Is. Okay, does this just add to inflation? Right here, in my opinion, is a probably. So yes, having inflation is something that we're going to be living with for a lot longer than maybe some would have suggested. And...

...the Fed, the FOMC, or wall of the Marketing Committee, has now removed the word transitory from their statement. So they were seeing that inflation was transitory, in other words kind of telling everybody it didn't it doesn't matter, it's not going to stick around. And there were a lot of us that were kind of shaking our heads and like I understood that arguments right, but I didn't necessarily believe they are right. Yeah, no, lie, and so they have. They have now removed that from what they're saying about inflation. So even even there they're kind of admitting, Hey, inflations of thing, which means rates go up. Yeah, which means if you haven't refinanced your house, if you haven't, you know, if you haven't bought that House that you were looking for, your rates going to go hire. What happens when rates go higher? Housing prices tend to drop a bit. It...

...doesn't mean they're going to fall off the cliff, but because there's still forces in effect now with people working remotely. Yeah, I got to tell you a story. All Right, I'm all of them. Shorty said a story. So I was talking with a perspective client, not a client yet, but but signing up, and and they told me that easily. You know. You know I moved my oh which moved to. Well, he moved five states away. I'm like, oh, that's great. So you're going to be remote? He said, well, my employer doesn't actually know I moved. I've been working remotely and he's like, if they want me to come back, I'm going to retire a couple of years earlier going back. I love it. So things like this are really happening, you know, people are really making serious, long term moves, and that's that goes right along with my theme, the Little Life, not a portfolio. Live where...

...you want to live, with who you want to live with, do want to do when you want to do them, how you want to do them, with whom you want to do them, and right. That's how we that's how we build a life when we don't need to get scared and put our head in the sand when we hear the word invasion. You know, it comes, it goes. That's all right. What you to do is make sure that you've got your financial house in order right and and that's what you help people do. It Guardian rock wealth is is look at things like the third stimulus package and about a dozen other things, indicators and in aspects that come out at US financially. Just say, how do I deal with this, John, and you don't have a blanket answer, because every plan that you put in places structured for that specific person and that's what that's what we love. So you can reach John at Guardian Rock wellthcom. You can text the Word Life, Alife to twenty one tho and it's really cool.

You'll get like his business card and a video of his book and all kinds of cool things. So text the word life to twenty one tho or just reach out Him Guardian Rock wealthcom and have a conversation with John Browning to help understand that three is a magic number and he can help you put together all kinds of magic numbers because that's what he's best at. So, John, thanks for helping US understand this. The third stimulus package, how it might affect the economy, how could affect our portfolio and what we should do about it, which I think is to reach out to John Browning. So thanks, sir, thanks and thanks for the extra story. That was pretty cool. Yeah, stories are great, they are all right, buddy, we'll talk to you shim. All right, we's like to see. Money really is a big part of our lives, and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like, John Emeill you a free copy of his book build a life, not a portfolio. Go to John's website, Guardian Rock wealthcom,...

...and click the contact to US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day. Nothing in this podcast should be construed as personal investment advice, and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and it's affiliates are fiduciary investment advisors. Please consult with US or another experienced, qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in...

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