Silver Soars To 14 Year High As Central Banks Stockpile Gold And How Al Pacino Went Broke TWICE !

In this week’s Money Tips Podcast:

Silver reaches 14 year high amid global economic slowdown,wars and Trump tariffs.

Silver to Gold ratio narrows as nations like Turkey, Chinaand India hoard more Gold.

Gold overtakes the Euro as preferred reserve currency.

See full video podcast - https://youtu.be/IyHS2rk5Otk

Should you hold gold and silver as part of yourportfolio? To learn more Check out my SMART MONEY COURSE - https://bit.ly/4klq0mv

World Bank forecast lowest growth rate for the decade since 1960s.

Rachel Reeves spending spree, while businessconfidence and jobs plummet.

Where is she going to get the money from? Taxpayers andbusinesses, us!

UK economy declined in April, as growth stagnates.

Job vacancies and recruitment falling, as higher taxes drivebusiness away.

See Smart MoneyIs Moving East – Is the UK Finished? - https://youtu.be/_5jK8oHuj8o

What can you do to secure your financial future inthis changing world?

Could Japan’s debt crisis cause a worldwide recession?

The more money I made the less I had.

Al Pacino, legendary Hollywood actor

Despite earning millions from hit movies such as TheGodfather trilogy, Scarface and The Scent of a Woman, Al Pacino was almostbroke TWICE at the height of his fame and fortune.

Living “high on the hog”, spending $3-400,000 per MONTH!

Flying private jets and rentinga huge house in Beverley Hills for 20 years!

He once flew his family and nannies on a private Gulfstream500 to London and took an entire floor at the Dorchester.

He left his finances in the hands of a crooked accountant tothe celebrities, who was later sentenced to seven years in jail for running a Ponzischeme.

Pacino loved acting but admits that he was not payingattention to his finances and failed to invest.

In his book, Sonny Boy, he said, “I would give money awaybecause I had it” and “it didn’t feel real, but it was, as I later found out”.

“The amount of money I was spending was so f****** crazy, amontage of loss” the Godfather star added. 

Pacino said when you make $10 million dollars for a movieyou don’t get $10 million dollars. After lawyers, agents and the governmenttake their share you end up with around $4 million.

His living expenses alone were at least that amount beforehe put his own cash into arthouse films which made no money and in many caseswere not even distributed. 

Things were out of control as his staff and expensesexpanded.

He owned two cars, but was paying for sixteen, along with multiplecell phones, salaries and a $400,000 a year for a landscaper on a house hedidn’t even own!

The list goes on and the star wasn’t even signing his owncheques and his money was draining out faster than a leaking pipe.

Hangers on took advantage of Pacino’s generosity as hisstaff and expenses eventually grew beyond his means. 

He said, the more money he made the less he had!

What can we learn from Pacino’s mistakes?

You don’t have to be a movie star to experience the sameissues.

Managing your money is important whether you’re making$100,000 a year or $100 million!

 

Check out my SMART MONEY COURSE - https://bit.ly/4klq0mv

 

What can you do?

 

As Warren Buffett said,financial education is the key to building wealth. It’s the stuff they don’tteach you in school. 

 

·       Learn how to build andprotect wealth.

 

·       Learn how to manage yourmoney.

 

·       Learn how to invest in assetsrather than losing money by lending it to the bank