November 25, 2025 • 41 mins
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Episode Transcript
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Speaker 1 (00:01):
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Speaker 2 (01:01):
We're just trying to turn a neckel in what that's
the bottom line.
Speaker 3 (01:13):
Welcome to real honest talk about money, politics, news and
information you can actually use. Bundle up and hold on tight.
Speaker 4 (01:23):
This is that's the bottom line, the best thing the love.
But you can give them to the bath and be the.
Speaker 5 (01:49):
Good morning everybody. This is that's the bottom line. I'm
your host, Jeff Lewis of Asset Growth Associates, along with
Jean Ballerani, thanks for spinning part of your holiday weekend
with us. Our top line story is once again affordability.
We've talked previously on this show about how Trump's tariff
policy represents a paradigm shift in economic theory. It's been
(02:12):
over nine months since the terrorists rolled out, and somehow
the country has still survived. Shocker. But as we've said before,
the tariffs aren't just a mere change in policy or
are a complete shift in economic theory. It's a move
away from Kynesian economic theory. Now, most of you don't
probably remember a lot from your economics classes in college,
(02:33):
and it was really hard for me to stay awake
through them too, back in my days in the gallery
building at Lamar. But this is important, so let's talk
about it again. Most economic theories today, particularly by people
in government and especially by those on the left, adhere
to what we call Knesian economics. John Maynard Keynes was
a British economist who taught in a nutshell that government
(02:55):
intervention is critical to keeping the economy stabilized, and through
government spending you can stimulate demand. Basically, the value of
the product is more important than the product itself. It
doesn't matter what or how much you produce, but it
focuses on monetary policy. This is the whole premise of
centralized banking, and it is why we have the Federal Reserve.
(03:18):
Trump is trying to shift from this model of economic
thought back towards the classical libertarian position of Frederick Kyak,
an Austrian economist who put more emphasis on free markets.
Hyak counter that government is inherently wasteful and that over
use of monetary policy to stimulate the economy would result
in increasing federal debt and rising inflation. Sound familiar. In
(03:42):
other words, the manufacturer product is more important than the
currency with which you buy those products. Now, what's groundbreaking
is that Trump is utilizing tariffs to achieve this. Tariffs
are part of Keynesian theory, Hyak ad horb them.
Speaker 4 (03:58):
Yet we saw.
Speaker 5 (03:59):
Trumping engage in this tariffs standoff with multiple nations, So
why you would think this will be counter productive to
its economic point of view. The whole point to remember
is that Trump isn't in support of tariffs just because
he's in love with the idea of tariffs. Instead, they're
serving two purposes. The first is to coerce other nations
to make changes in their policies for our nation's benefit.
(04:23):
But it's critical to emphasize that he's not always seeking
economic benefits. Rather, Trump is using it, for example, to
coerce Mexico and Canada to secure our national borders, or
to get the Chinese to end their flow of the
ventanyl into our country. The second purpose is economic, but
ironically to make markets freer, not more restrictive. The concept
(04:47):
here is reciprocity. Reciprocal tariffs mirror the trade barriers other
countries placed on us to entering their markets, showing how
inherently unfair other nations are while they screen to be
let into our nation's markets without penalty. We owe thirty
eight trillion dollars because we've been borrowing money to keep
our own economy afloat through canes in theory and for
(05:11):
decades now. Having money is not the same thing as
having wealth. Money only matters when you know what is
capable of purchasing, we call it buying power. To illustrate,
would you rather make fifty thousand dollars a year or
five hundred thousand dollars a year? Stupid question?
Speaker 6 (05:28):
Right?
Speaker 5 (05:28):
Other things equal? Yeah, sure, I want to make ten
times as much. The problem is that other things are
not always equal. If I'm making fifty grand, but my
annual expenses only add up to thirty grand, I've got
forty percent of my income disposable for other stuff like
saving for retirement and investing ways I can further increase
my wealth. But if I'm making five hundred grand, yet
(05:51):
my cost of living is four hundred and.
Speaker 3 (05:53):
Ninety K a year.
Speaker 5 (05:54):
Now, only two percent of my income is discretionary. So
if my twenty k surplus and the first example buys
more than my ten k surplus and the second example,
which it clearly would, I'm better off in the first
economic environment. And that's why Biden was so detrimental to
the economy, because real wages how much you make and
what it will buy, were down four percent under his watch.
(06:18):
They were up four percent in Trump's first term and
are back up another point in the first year of
his second term. The way to fix buying power is
to increase wages without inflating the economy. Again, Trump was
successful with this in the pre COVID part of his
first term because the wage growth was coupled with flatlined inflation.
(06:40):
This time around, inflation is slightly higher, but still low.
It under three percent. That's good. It's not great, but
it's good. Listen to this conversation between White House Economic
advisor Kevin Hassett and CNBC's Joe kernin Joe makes the
case that hey, the president's wrong. Prices haven't come to
(07:00):
they're up three percent. But listen to how Kevin counters it.
Speaker 7 (07:04):
Well, tell you, Kevin, one of the reasons I think
that people are and I'm going to highlight both sides.
One of the reasons people feel like they're not keeping
up is because real average weekly wages fell during during
the Biden years because of the right right, so it fell. However,
the President is constantly saying prices have come down. Now,
(07:29):
inflation is still three percent. It's still too high now,
oil prices, energy prices, there are certain things where they
have come down. But when you keep saying prices are falling,
that's not true because inflation is still the three percent
is on top of all the inflation we had during
the Biden years, So we got all that inflation plus
(07:50):
an additional three percent, and we should I think you
should admit that.
Speaker 8 (07:54):
A more precise way to say it, Ojo, is that
purchasing power has gone up, but so real wages that's
w divide a biop for our technical people of the
audience have gone up by about twelve hundred dollars this year.
So the way to think about it is that we've
dug a three thousand dollars hole because of Biden policies,
and we've gained twelve hundred dollars on the way out already,
which should give you a great deal of hope for
(08:16):
the future that the wage increases that we're seeing will
continue and even if inflation stays positive, make it so
that people feel way better when they go to the
grocery store and to buy a car. We've reduced the
cost to buy a car with the deductibility of interests.
I mean, there's a million things that we're doing to
fix this problem, but it's just kind of astonishing to
be the cost problem is somehow being blamed on us.
Speaker 9 (08:39):
Now.
Speaker 8 (08:39):
Think about it, especially with the Obamacare thing. So Obamacare
is one hundred percent democratic policy. It's always beout one
hundred percent democratic policy. What they did is they expanded
the subsidies during a COVID and then all those subsidies
basically went right into the pockets of insurance companies, and
Obamacare insurance policies have doubled in relative to normal policies,
(09:02):
and so the fastest inflation in the economy is these
big government subsidies thrown at Obamacare insurance.
Speaker 5 (09:08):
The problem is that a lot of our industries have
been shifted overseas over the last few generations, since globalist
trade policies became the norm in our country. Trump wants
them brought home. Trump's plan is to rebuild our own
industrial base and to be dominant in the sectors that
matter to national security. That's resulted in some economic disturbance.
It's why markets have been so volatile this year, and
(09:31):
because job creation is naturally lagging behind the trade deals
that have been signed that amount to eighteen trillion of
overseas investment. You're still seeing affordability be an issue. We've
taken the medication, and so far we've only experienced the
side effects while the treatment is still in the bloodstream.
The point is healing will come. We'll be right back
(09:53):
after this.
Speaker 2 (09:56):
We're just trying to turn ankel into a die.
Speaker 4 (10:00):
That's the bottom line.
Speaker 1 (10:03):
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Speaker 3 (11:01):
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Speaker 4 (11:59):
You will be the lab that.
Speaker 9 (12:00):
You did.
Speaker 1 (12:05):
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Speaker 4 (13:35):
We're just trying to turn an appolent to on time.
Speaker 6 (13:38):
That's the bottom line. You can't even.
Speaker 5 (14:10):
We're back with. That's the bottom line. I'm Jeff Lewis.
It's a holiday weekend and the world is slowing down
for a few days to enjoy some family and if
you're like me, taking much needed vacation, I'm about to
fly down with the wife to Mexico for a few
days and in fact for hearing this on Sunday. Today
is our twelfth wedding anniversary. So Alicia, when you hear this,
(14:32):
happy anniversary, baby, I love you. Thank you for finally
walking down the aisle. For those of you that wonder
I mean by that. So this is a funny story.
When Alicia and I got married, we had the ceremony
done down at the old Beaumont Country Club over on
Pine Street, and it was nice enough, but you had
to provide your own sound and we didn't get to
test the sound battle rehearsal because our sound person kind
(14:54):
of dropped the ball on. This problem was from where
Lisha was waiting for the professional, she couldn't hear him Q.
All the music plays out, and she never comes down
the aisle. Right, So anyway, I'm sweating up at the
front like I'm about to be public executed. Wonder where
perhaps she is? Where if she actually grew a brain
and decided she could do a little bit better, which yeah,
(15:14):
she probably could have. Long story short, my mother in
law had to go get her and let her know
she missed her Q and actually get her to walk
down the aisle. So to this day, that's something I
bring up to her anytime I'm losing an argument. But anyway,
we wish you all a happy holiday weekend and with
all of you out there doing your Black Friday shopping
this weekend. That was one reason we let off last
(15:36):
segment with affordability. The cost of living is not only
promising to be the central issue surrounding next year's midterms,
but the presidential election in twenty twenty eight as well,
Even though it'll be another year the candidates start making
the formal announcements, the candidates that are really in the
running are going to start putting together their campaigns right now,
(15:58):
like literally this weekend, an actor Thanksgiving before the midterms
is when most presidential candidates really start in earnest, talking
to their contacts within the party at various state and
national levels, and putting together a plan for whether or
not they're actually going to launch avid for president. So
why not take a little time this week and explore
(16:19):
how the field looks. Let's start on the Republican side
unless things really start going straight to hell for the
next couple of years, in which case it won't even
matter who the Republicans nominate because they'll lose anyway regardless
of who it is. You've got to say that Vice
President jd Vance is the prohibitive favorite for the nomination.
He's up almost forty points on the next closest name
(16:41):
in any poll. And basically, let's be honest, this is
why Trump picked him to be his VP. The Trump
family loves the guy and he's the hand picked successor
to the mag of movement. Only Trump is playing it
smart and isn't openly putting his finger on the scale
saying for anyone who will listen, he wants to voters
to side for themselves who is on the ticket next
(17:03):
time around. A few months ago, Peter Doocey at Fox
even gave the President this opportunity.
Speaker 10 (17:10):
The weigh in this weekend, Secretary of State Rubio said
that he thought jd Vance would be a great nominee.
You could clear the entire Republican field right now. Do
you agree that the heir apparent to MAGA is jd Vance?
Speaker 3 (17:25):
Well, I think most likely, in all fairness, he's the
vice president. I think Marco is also somebody that maybe
would get together with jd in some form.
Speaker 5 (17:34):
You notice how Trump is subtly lobbying for advanced Rubio
ticket and for a lot of Republicans. That's a dream
come true. No doubt it's a strong ticket, at least theoretically.
But there's one problem. Marco Rubio may yet run for
president himself. And although Vance is running about four to
one ahead of him in the polls, the current Secretary
(17:54):
of State has never been shy about his presidential ambitions.
He was in the twenty sixteen field, after all, and
on paper, he's got an even better resume than Vance.
The worry among Republicans is that Rubio challenges Vans for
the nomination. We got a real fight on our hands
that could turn ugly. There's no indication yet whether Rubio
is planning a bid, but you know he's thinking about it.
(18:16):
He's the real wild card in the race because, other
than Vance, Rubio is the only candidate in the field
with a strong enough link to the Trump administration to
claim the Mega mantle. Plus, Rubo would be able to
attract some of the more moderate Republican voters and possibly
unite both factions of the party. The only other candidate
with an even outside chance in my view, is the
(18:38):
governor of Florida, Ron DeSantis, and he may very well
run again like he did in twenty four that went
not so well, and with Vance in the race, I
don't see how it competes this time. Other notables I
would expect to attempt a bid are the foreigner governor
of New Hampshire, Chris Nunu, who is forgoing a run
for the open Senate seat up there, which is pretty
(18:59):
much all of an indicator we need. And another former governor,
Glenn Youngkin of Virginia, who is a very high quality
candidate and was in Iowa as recently as July. But
he could also potentially wait for one more cycle before
he takes the plunge. I think Ted Cruz is out,
at least for this time around, unless Vance doesn't run.
Same thing for the Trump sons, Eric and Donald Jr.
(19:21):
At least for another decade, by which time Baron may
be running for Senate somewhere down south. Now on to
the Democrats. That's right, my friends, This time the Democrats
are actually going to hold a primary. The first thing
I want to do is throw some pulled water on
the idea that Michelle Obama is running. No, she's not.
She hates politics, and if she was ever going to run,
(19:44):
she would have done it in twenty four, when Democrats
just could have handed her denomination bus Let's face it,
According to Michelle, we're not ready for a madam president.
Speaker 11 (19:53):
Well as we saw in this past election. Sadly, we
ain't ready. I don't even look at me about running
because you all are lying you're not ready for a woman.
You are not, So don't waste my time. You know,
we got a lot of growing up to do. And
there's still, I'm sadly a lot of men who do
(20:15):
not feel like they can be led by a woman.
Speaker 4 (20:17):
And we saw it.
Speaker 5 (20:19):
Heye to break it to you, lady, it's not that
we don't like female candidates. It's that your female candidates suck.
But hey, it's at least refreshing to hear a Democrat
that actually knows what a woman is.
Speaker 3 (20:31):
Now.
Speaker 5 (20:32):
The woman she's talking about, former Vice President Harris, is
definitely gearing up for a second run. Her biggest obstacle
other than ourself is going to be Gavin Newsom, and
appears that the year's long political truth between the two
Californians is going to be over soon. Newsom probably has
the upper hand against Harris, but Poland has the margin
(20:52):
generally within single digits. Most importantly, both share a political
home base in California, which could potentially divide a lot
of key fundraising between the two of them that might
open the door for the rest of the field.
Speaker 9 (21:05):
Like JD.
Speaker 5 (21:06):
Pritzker, the governor of Illinois, as well as Pete Buddha Judge,
the homosexual former Secretary of Transportation who narrowly won the
Eyeta Democratic Causes in twenty twenty, it's widely expected that
both of them will eventually announce, and Buddha Judge also
pulls consistently into the double digits, which is a strong
starting position in what's expected to be a wide field.
(21:29):
But the real dark horse in this race is Congresswoman
Alexandria Acasio Cortes. She's got the implicit support, if not
the outright endorsement of Bernie Sanders, and for the moment
she has cornered the market on the progressive lane of
the party. At this point, only Buddha Judge poses a
real strategic threat to AOC's corp of support. It's quite
(21:49):
possible AOC could take advantage of a field that splits
traditional liberals between Newsmen and Harris and leads the emerging
progressive socialists to her back after this.
Speaker 2 (21:58):
Where just trying to turn them, that's the bottom line.
We're just trying to turn a nickel into a dime.
Speaker 4 (22:14):
That's the bottom line.
Speaker 9 (22:15):
Well, good morning everyone, and I guess it would be
appropriate to wish everyone I marry Christmas, since it's just
around the corner. It will be here and gone before
you know it. Right, We've always experienced that in the
in the past. But it doesn't matter. I know, it's
that joyous time of the year again, this is Jean
(22:38):
Valerai reporting. You know, it's the time to exchange gifts
and enjoy the blessings. If Christmas the time to ponder
the absolute blessing of the season, and that time of
year to commemorate the birth of Christ and his gift
to all of us to come into the world and
redeem our souls. We live in a world of the
(23:02):
here and now, don't we. When the Christmas holiday comes,
we think of gifts and goodwill through all, and we should.
Christ came into the world to pay for all our sins,
and that's pretty good gift. And when he died on
the Cross of Good Friday, he did it for me
as well as for you. The gates of heaven were opened,
(23:25):
and the Bible tells us the curtain separating God from
mankind was tore down. It was just separated back in
the back, in the head of the Jewish religion, back
there where they kept their holies of holies, where they
said that God resided in a tabernacle. There the free
(23:48):
gift of salvation, That's what it was for. It came
with a price, though, and Jesus suffered his death as
the sacrifice for the sins of all mankind. By doing so,
the gates of heaven were opened, and it meant that
once again mankind would be able to dwell with our
(24:09):
Lord Jesus Christ for all eternity. The angels sang on
high and visited shepherds keeping watch over their sheep. You know,
ladies and gentlemen, Christmas is unique in that it recognizes
Christ coming into the world amid joy, only to later
be crucified for the sins of all mankind, those sins
(24:32):
committed by you, me and the whole whole of mankind
to be redeemed sins yet committed, the curtain that covered
the Tabernacle and the Jewish Temple, it would just was
rent when Jesus died on the boke his last words
(24:53):
and died on the cross forgiving all of us. But
while this was the reason Christ entered the world world
and cleanse us from sins, the work of salvation continued
and it still continues until today. The early Christian suffered
under the pagan Roman Empire, but slowly through evangelism, Christianity
(25:15):
spread throughout the world, and after the crucifixion and resurrection
of Christ, his followers continued to preach to people all
over the world and despite persecutions, survived to becoming the
largest religion in the world, and it still continues to grow.
(25:37):
So let me tell you this is the reason of
the festive season. We are now waiting to celebrate for
yet another Christmas. And while we celebrate Christmas in the
Christian world, it is also a holiday and much of
the non Christian world as well. For children, it is
waiting for good Old Santa Claus, who visits during the
(26:01):
night before Christmas, a remembrance of God's eternal message of
redemption and salvation. Today's Christmas also brings with it empty
celebrations throughout the world, focusing more on humanity than Christians.
In the secular venues of the world, and this is unfortunate.
(26:24):
Christ came and redeemed everyone, and we should all try
to absorb its true meaning. Sin is a serious matter
with Almighty God, but he does offer forgiveness to all
of us. The joy of forgiveness is truly part of
the Christmas celebration. We have the Ten Commandments, which provide
(26:47):
a road map for living a Christian life, but the
condensed version of them is to love your neighbor as
you love yourself, and to love God with your whole
heart and soul. If you just love God with your
whole heart and soul, you won't be separating yourself from
the other nine commandments, will you? Soon the trumpets will
(27:09):
blow and Christ will return to redeem those who love him.
I'm not sure when that day will come. It could
be tomorrow, it could be some future date from now,
but it will come, and death and suffering will and forever.
You cannot really have Christmas without Jesus, but you can
prepare yourself for the second Coming, which solves everything for everybody.
(27:31):
In the meantime, be joyful and full of good cheer,
because God loves you, very much, very very very much.
So Merry Christmas everyone, Bless you and your fellow Americans.
We send them our wishes to you and all others
who truly seek Christ. Merry Christmas, Happy New Years, with
(27:52):
welcome back, ladies and gentlemen. You know we always have
to take a look at these contracts, and we know
that this weekly broadcast. With the Lord's help, we will
have decades in the future to continue to do programs
like this, and we really really appreciate it. Write this
(28:14):
number down. This is the toll free number one eight
sixty six seven two eight three six nine seven, and
write down our local number four oh nine eight four
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we can help you prepare for the future. Time waits
(28:38):
for no man, and maybe you'll have a little free
time to consider plans for the new year, and it
would be a good time to call us an Asset
Growth Associates where we can help you plan your future.
The numbers four oh nine eight four oh sixty nine
hundred toll free one eight six six seven eight three
(29:02):
six nine seven be back in a moment.
Speaker 2 (29:05):
We're just trying to turn a nickel into a dime.
Speaker 4 (29:08):
That's the bottom line.
Speaker 1 (29:11):
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Speaker 5 (30:12):
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Speaker 2 (31:05):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 9 (31:12):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're a weekly broadcast on KLBI that tells
it like it is. Once again, this is Gene Valerani
reporting and it's signed for a solution. Now, wouldn't be
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(33:02):
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(33:28):
These plans are great for pension and four oh one
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(33:50):
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(34:10):
Asset Growth Associates. Write this number down four oh nine
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nine eight four oh sixty nine hundred. That's our local
number in Beaumont, Texas, toll free. If you live in
far away places, you can dial one eight six six
(34:32):
seven two eight three six nine seven if you're calling
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(35:18):
give you the phone number four oh nine eight four
oh sixty nine hundred long distance one eight six six
seven two eight three six ninety seven. That's toll free.
We can also be contacted online by logging on to
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(35:41):
our clients in Texas and Louisiana and elsewhere for decades
now and helping our clients accomplish their financial goals and
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(36:03):
deferred basis, now is the time to simply log on
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(36:25):
And that's good because that means that you're not going
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the money is added to the contract and it stays there.
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(36:49):
on Wall Street. Now's the time to call for an
appointment four to oh nine eight four oh sixty nine hundred,
set a time that met with us or one of
our associates and help you make the first step to
secure returns that do not lose value during market downturns.
(37:11):
Once again, our phone number locally is four oh nine
eight four oh sixty nine hundred, toll free numbers one
eight six six seven two eight three six nine seven,
or once again online by simply logging on to Save
my Retirement dot Com, sail it to us and we'll
get back with you. We've been helping our clients in
(37:34):
Southeast Texas and Louisiana for decades now. We plan to
continue doing it in the years ahead once again four
O nine eight four oh sixty nine hundred and we
can also be reached online. Log on to savemyretirement dot com.
(37:54):
Because the sooner you reach out to us, the sooner
we'll be able to help you you. Jeff will be
back in a moment.
Speaker 2 (38:05):
Where's Josh trying to turn a necke in w Ue?
That's the bottom line. Where's Josh trying to turn a
necke in die?
Speaker 12 (38:15):
That's the bottom line.
Speaker 5 (38:30):
Thank you for listening today too, That's the bottom line.
All of our broadcasts are available on demand online at
savemyretirement dot com, or just go to your iHeartRadio app
and search for us under the podcast tab and be
sure to add us the favorites. You can also follow
us for all the latest updates on Facebook at Jeff Lewis.
(38:50):
That's the bottom line. Our physical address in Beaumont is
at thirteen ninety one Calder Avenue, a block from the
intersection of MLK and Calder. Are you ready for the
upcoming income tax season? It's almost that time, and our
office is already taking appointments to sort out your tax issues.
Maybe you still have a tax problem from a previous year.
(39:11):
If so, call our office at eight sixty six save
my retirement. That way, the IRS isn't calling you. Would
you like to avoid paying taxes on your retirement income altogether,
then maybe it's time to get rothicized. By converting your
traditional ira into a roth iray, either all at once
or over time, you can pay taxes now instead of later.
(39:35):
It makes more sense to pay taxes on the seed
rather than the crop. Roth Iras let you harvest your
money tax free after it's grown over the years. Schedule
an appointment with us to see if a conversion makes
sense for you. If you want a big, beautiful boost
to your portfolio, come talk with us about our covered
call ETF strategy. These exchange rate of funds takes your
(39:57):
values off of underlying equity positions and big time companies
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(40:19):
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(41:01):
got the experience and name you can trust. We know
how to handle your money consistently, safely, and always with
your best insurants in mind. We hope you had a
happy Thanksgiving and good luck to those of you braving
the crowds at the stores this weekend. I'm Jeff Lewis
for Gene Valerani and everyone here Asset Growth Associates. Remember
(41:22):
that you are greatly blessed and highly favored, because, as always,
that's the bottom line.
Speaker 4 (41:28):
That's the bottom line.
Speaker 3 (41:31):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemiretirement dot com
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(00:42):
nine eight four zero sixty nine hundred or visit Savemretirement
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O nine eight four zero sixty nine hundred or visit
Savemretirement dot com. Asset Growth Associates Wealth Advisors is a
registered investment advisor in the state of Texas.
Speaker 2 (01:01):
We're just trying to turn a neckel in what that's
the bottom line.
Speaker 3 (01:13):
Welcome to real honest talk about money, politics, news and
information you can actually use. Bundle up and hold on tight.
Speaker 4 (01:23):
This is that's the bottom line, the best thing the love.
But you can give them to the bath and be the.
Speaker 5 (01:49):
Good morning everybody. This is that's the bottom line. I'm
your host, Jeff Lewis of Asset Growth Associates, along with
Jean Ballerani, thanks for spinning part of your holiday weekend
with us. Our top line story is once again affordability.
We've talked previously on this show about how Trump's tariff
policy represents a paradigm shift in economic theory. It's been
(02:12):
over nine months since the terrorists rolled out, and somehow
the country has still survived. Shocker. But as we've said before,
the tariffs aren't just a mere change in policy or
are a complete shift in economic theory. It's a move
away from Kynesian economic theory. Now, most of you don't
probably remember a lot from your economics classes in college,
(02:33):
and it was really hard for me to stay awake
through them too, back in my days in the gallery
building at Lamar. But this is important, so let's talk
about it again. Most economic theories today, particularly by people
in government and especially by those on the left, adhere
to what we call Knesian economics. John Maynard Keynes was
a British economist who taught in a nutshell that government
(02:55):
intervention is critical to keeping the economy stabilized, and through
government spending you can stimulate demand. Basically, the value of
the product is more important than the product itself. It
doesn't matter what or how much you produce, but it
focuses on monetary policy. This is the whole premise of
centralized banking, and it is why we have the Federal Reserve.
(03:18):
Trump is trying to shift from this model of economic
thought back towards the classical libertarian position of Frederick Kyak,
an Austrian economist who put more emphasis on free markets.
Hyak counter that government is inherently wasteful and that over
use of monetary policy to stimulate the economy would result
in increasing federal debt and rising inflation. Sound familiar. In
(03:42):
other words, the manufacturer product is more important than the
currency with which you buy those products. Now, what's groundbreaking
is that Trump is utilizing tariffs to achieve this. Tariffs
are part of Keynesian theory, Hyak ad horb them.
Speaker 4 (03:58):
Yet we saw.
Speaker 5 (03:59):
Trumping engage in this tariffs standoff with multiple nations, So
why you would think this will be counter productive to
its economic point of view. The whole point to remember
is that Trump isn't in support of tariffs just because
he's in love with the idea of tariffs. Instead, they're
serving two purposes. The first is to coerce other nations
to make changes in their policies for our nation's benefit.
(04:23):
But it's critical to emphasize that he's not always seeking
economic benefits. Rather, Trump is using it, for example, to
coerce Mexico and Canada to secure our national borders, or
to get the Chinese to end their flow of the
ventanyl into our country. The second purpose is economic, but
ironically to make markets freer, not more restrictive. The concept
(04:47):
here is reciprocity. Reciprocal tariffs mirror the trade barriers other
countries placed on us to entering their markets, showing how
inherently unfair other nations are while they screen to be
let into our nation's markets without penalty. We owe thirty
eight trillion dollars because we've been borrowing money to keep
our own economy afloat through canes in theory and for
(05:11):
decades now. Having money is not the same thing as
having wealth. Money only matters when you know what is
capable of purchasing, we call it buying power. To illustrate,
would you rather make fifty thousand dollars a year or
five hundred thousand dollars a year? Stupid question?
Speaker 6 (05:28):
Right?
Speaker 5 (05:28):
Other things equal? Yeah, sure, I want to make ten
times as much. The problem is that other things are
not always equal. If I'm making fifty grand, but my
annual expenses only add up to thirty grand, I've got
forty percent of my income disposable for other stuff like
saving for retirement and investing ways I can further increase
my wealth. But if I'm making five hundred grand, yet
(05:51):
my cost of living is four hundred and.
Speaker 3 (05:53):
Ninety K a year.
Speaker 5 (05:54):
Now, only two percent of my income is discretionary. So
if my twenty k surplus and the first example buys
more than my ten k surplus and the second example,
which it clearly would, I'm better off in the first
economic environment. And that's why Biden was so detrimental to
the economy, because real wages how much you make and
what it will buy, were down four percent under his watch.
(06:18):
They were up four percent in Trump's first term and
are back up another point in the first year of
his second term. The way to fix buying power is
to increase wages without inflating the economy. Again, Trump was
successful with this in the pre COVID part of his
first term because the wage growth was coupled with flatlined inflation.
(06:40):
This time around, inflation is slightly higher, but still low.
It under three percent. That's good. It's not great, but
it's good. Listen to this conversation between White House Economic
advisor Kevin Hassett and CNBC's Joe kernin Joe makes the
case that hey, the president's wrong. Prices haven't come to
(07:00):
they're up three percent. But listen to how Kevin counters it.
Speaker 7 (07:04):
Well, tell you, Kevin, one of the reasons I think
that people are and I'm going to highlight both sides.
One of the reasons people feel like they're not keeping
up is because real average weekly wages fell during during
the Biden years because of the right right, so it fell. However,
the President is constantly saying prices have come down. Now,
(07:29):
inflation is still three percent. It's still too high now,
oil prices, energy prices, there are certain things where they
have come down. But when you keep saying prices are falling,
that's not true because inflation is still the three percent
is on top of all the inflation we had during
the Biden years, So we got all that inflation plus
(07:50):
an additional three percent, and we should I think you
should admit that.
Speaker 8 (07:54):
A more precise way to say it, Ojo, is that
purchasing power has gone up, but so real wages that's
w divide a biop for our technical people of the
audience have gone up by about twelve hundred dollars this year.
So the way to think about it is that we've
dug a three thousand dollars hole because of Biden policies,
and we've gained twelve hundred dollars on the way out already,
which should give you a great deal of hope for
(08:16):
the future that the wage increases that we're seeing will
continue and even if inflation stays positive, make it so
that people feel way better when they go to the
grocery store and to buy a car. We've reduced the
cost to buy a car with the deductibility of interests.
I mean, there's a million things that we're doing to
fix this problem, but it's just kind of astonishing to
be the cost problem is somehow being blamed on us.
Speaker 9 (08:39):
Now.
Speaker 8 (08:39):
Think about it, especially with the Obamacare thing. So Obamacare
is one hundred percent democratic policy. It's always beout one
hundred percent democratic policy. What they did is they expanded
the subsidies during a COVID and then all those subsidies
basically went right into the pockets of insurance companies, and
Obamacare insurance policies have doubled in relative to normal policies,
(09:02):
and so the fastest inflation in the economy is these
big government subsidies thrown at Obamacare insurance.
Speaker 5 (09:08):
The problem is that a lot of our industries have
been shifted overseas over the last few generations, since globalist
trade policies became the norm in our country. Trump wants
them brought home. Trump's plan is to rebuild our own
industrial base and to be dominant in the sectors that
matter to national security. That's resulted in some economic disturbance.
It's why markets have been so volatile this year, and
(09:31):
because job creation is naturally lagging behind the trade deals
that have been signed that amount to eighteen trillion of
overseas investment. You're still seeing affordability be an issue. We've
taken the medication, and so far we've only experienced the
side effects while the treatment is still in the bloodstream.
The point is healing will come. We'll be right back
(09:53):
after this.
Speaker 2 (09:56):
We're just trying to turn ankel into a die.
Speaker 4 (10:00):
That's the bottom line.
Speaker 1 (10:03):
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(10:25):
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Speaker 3 (11:01):
The stock market doesn't care about your retirement plans. This
is Gene Valeranti of Asset Growth Associates. What is principal
protection when you're investing in the stock market, you're risking
your principle and your rate of return if any, in
the hope that you will have a rate of return.
(11:23):
With principal protection, you stop risking your principle and you
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the money. Give us a call today at Asset Growth
Associates at one eight six six seven two eight three
six nine seven. An easy way to remember that is
(11:44):
one eight six six Save my Retirement. You can also
reach us locally by calling four to oh nine eight
four oh sixty nine hundred or by visiting save myretirement
dot com.
Speaker 4 (11:59):
You will be the lab that.
Speaker 9 (12:00):
You did.
Speaker 1 (12:05):
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(13:14):
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of Texas.
Speaker 4 (13:35):
We're just trying to turn an appolent to on time.
Speaker 6 (13:38):
That's the bottom line. You can't even.
Speaker 5 (14:10):
We're back with. That's the bottom line. I'm Jeff Lewis.
It's a holiday weekend and the world is slowing down
for a few days to enjoy some family and if
you're like me, taking much needed vacation, I'm about to
fly down with the wife to Mexico for a few
days and in fact for hearing this on Sunday. Today
is our twelfth wedding anniversary. So Alicia, when you hear this,
(14:32):
happy anniversary, baby, I love you. Thank you for finally
walking down the aisle. For those of you that wonder
I mean by that. So this is a funny story.
When Alicia and I got married, we had the ceremony
done down at the old Beaumont Country Club over on
Pine Street, and it was nice enough, but you had
to provide your own sound and we didn't get to
test the sound battle rehearsal because our sound person kind
(14:54):
of dropped the ball on. This problem was from where
Lisha was waiting for the professional, she couldn't hear him Q.
All the music plays out, and she never comes down
the aisle. Right, So anyway, I'm sweating up at the
front like I'm about to be public executed. Wonder where
perhaps she is? Where if she actually grew a brain
and decided she could do a little bit better, which yeah,
(15:14):
she probably could have. Long story short, my mother in
law had to go get her and let her know
she missed her Q and actually get her to walk
down the aisle. So to this day, that's something I
bring up to her anytime I'm losing an argument. But anyway,
we wish you all a happy holiday weekend and with
all of you out there doing your Black Friday shopping
this weekend. That was one reason we let off last
(15:36):
segment with affordability. The cost of living is not only
promising to be the central issue surrounding next year's midterms,
but the presidential election in twenty twenty eight as well,
Even though it'll be another year the candidates start making
the formal announcements, the candidates that are really in the
running are going to start putting together their campaigns right now,
(15:58):
like literally this weekend, an actor Thanksgiving before the midterms
is when most presidential candidates really start in earnest, talking
to their contacts within the party at various state and
national levels, and putting together a plan for whether or
not they're actually going to launch avid for president. So
why not take a little time this week and explore
(16:19):
how the field looks. Let's start on the Republican side
unless things really start going straight to hell for the
next couple of years, in which case it won't even
matter who the Republicans nominate because they'll lose anyway regardless
of who it is. You've got to say that Vice
President jd Vance is the prohibitive favorite for the nomination.
He's up almost forty points on the next closest name
(16:41):
in any poll. And basically, let's be honest, this is
why Trump picked him to be his VP. The Trump
family loves the guy and he's the hand picked successor
to the mag of movement. Only Trump is playing it
smart and isn't openly putting his finger on the scale
saying for anyone who will listen, he wants to voters
to side for themselves who is on the ticket next
(17:03):
time around. A few months ago, Peter Doocey at Fox
even gave the President this opportunity.
Speaker 10 (17:10):
The weigh in this weekend, Secretary of State Rubio said
that he thought jd Vance would be a great nominee.
You could clear the entire Republican field right now. Do
you agree that the heir apparent to MAGA is jd Vance?
Speaker 3 (17:25):
Well, I think most likely, in all fairness, he's the
vice president. I think Marco is also somebody that maybe
would get together with jd in some form.
Speaker 5 (17:34):
You notice how Trump is subtly lobbying for advanced Rubio
ticket and for a lot of Republicans. That's a dream
come true. No doubt it's a strong ticket, at least theoretically.
But there's one problem. Marco Rubio may yet run for
president himself. And although Vance is running about four to
one ahead of him in the polls, the current Secretary
(17:54):
of State has never been shy about his presidential ambitions.
He was in the twenty sixteen field, after all, and
on paper, he's got an even better resume than Vance.
The worry among Republicans is that Rubio challenges Vans for
the nomination. We got a real fight on our hands
that could turn ugly. There's no indication yet whether Rubio
is planning a bid, but you know he's thinking about it.
(18:16):
He's the real wild card in the race because, other
than Vance, Rubio is the only candidate in the field
with a strong enough link to the Trump administration to
claim the Mega mantle. Plus, Rubo would be able to
attract some of the more moderate Republican voters and possibly
unite both factions of the party. The only other candidate
with an even outside chance in my view, is the
(18:38):
governor of Florida, Ron DeSantis, and he may very well
run again like he did in twenty four that went
not so well, and with Vance in the race, I
don't see how it competes this time. Other notables I
would expect to attempt a bid are the foreigner governor
of New Hampshire, Chris Nunu, who is forgoing a run
for the open Senate seat up there, which is pretty
(18:59):
much all of an indicator we need. And another former governor,
Glenn Youngkin of Virginia, who is a very high quality
candidate and was in Iowa as recently as July. But
he could also potentially wait for one more cycle before
he takes the plunge. I think Ted Cruz is out,
at least for this time around, unless Vance doesn't run.
Same thing for the Trump sons, Eric and Donald Jr.
(19:21):
At least for another decade, by which time Baron may
be running for Senate somewhere down south. Now on to
the Democrats. That's right, my friends, This time the Democrats
are actually going to hold a primary. The first thing
I want to do is throw some pulled water on
the idea that Michelle Obama is running. No, she's not.
She hates politics, and if she was ever going to run,
(19:44):
she would have done it in twenty four, when Democrats
just could have handed her denomination bus Let's face it,
According to Michelle, we're not ready for a madam president.
Speaker 11 (19:53):
Well as we saw in this past election. Sadly, we
ain't ready. I don't even look at me about running
because you all are lying you're not ready for a woman.
You are not, So don't waste my time. You know,
we got a lot of growing up to do. And
there's still, I'm sadly a lot of men who do
(20:15):
not feel like they can be led by a woman.
Speaker 4 (20:17):
And we saw it.
Speaker 5 (20:19):
Heye to break it to you, lady, it's not that
we don't like female candidates. It's that your female candidates suck.
But hey, it's at least refreshing to hear a Democrat
that actually knows what a woman is.
Speaker 3 (20:31):
Now.
Speaker 5 (20:32):
The woman she's talking about, former Vice President Harris, is
definitely gearing up for a second run. Her biggest obstacle
other than ourself is going to be Gavin Newsom, and
appears that the year's long political truth between the two
Californians is going to be over soon. Newsom probably has
the upper hand against Harris, but Poland has the margin
(20:52):
generally within single digits. Most importantly, both share a political
home base in California, which could potentially divide a lot
of key fundraising between the two of them that might
open the door for the rest of the field.
Speaker 9 (21:05):
Like JD.
Speaker 5 (21:06):
Pritzker, the governor of Illinois, as well as Pete Buddha Judge,
the homosexual former Secretary of Transportation who narrowly won the
Eyeta Democratic Causes in twenty twenty, it's widely expected that
both of them will eventually announce, and Buddha Judge also
pulls consistently into the double digits, which is a strong
starting position in what's expected to be a wide field.
(21:29):
But the real dark horse in this race is Congresswoman
Alexandria Acasio Cortes. She's got the implicit support, if not
the outright endorsement of Bernie Sanders, and for the moment
she has cornered the market on the progressive lane of
the party. At this point, only Buddha Judge poses a
real strategic threat to AOC's corp of support. It's quite
(21:49):
possible AOC could take advantage of a field that splits
traditional liberals between Newsmen and Harris and leads the emerging
progressive socialists to her back after this.
Speaker 2 (21:58):
Where just trying to turn them, that's the bottom line.
We're just trying to turn a nickel into a dime.
Speaker 4 (22:14):
That's the bottom line.
Speaker 9 (22:15):
Well, good morning everyone, and I guess it would be
appropriate to wish everyone I marry Christmas, since it's just
around the corner. It will be here and gone before
you know it. Right, We've always experienced that in the
in the past. But it doesn't matter. I know, it's
that joyous time of the year again, this is Jean
(22:38):
Valerai reporting. You know, it's the time to exchange gifts
and enjoy the blessings. If Christmas the time to ponder
the absolute blessing of the season, and that time of
year to commemorate the birth of Christ and his gift
to all of us to come into the world and
redeem our souls. We live in a world of the
(23:02):
here and now, don't we. When the Christmas holiday comes,
we think of gifts and goodwill through all, and we should.
Christ came into the world to pay for all our sins,
and that's pretty good gift. And when he died on
the Cross of Good Friday, he did it for me
as well as for you. The gates of heaven were opened,
(23:25):
and the Bible tells us the curtain separating God from
mankind was tore down. It was just separated back in
the back, in the head of the Jewish religion, back
there where they kept their holies of holies, where they
said that God resided in a tabernacle. There the free
(23:48):
gift of salvation, That's what it was for. It came
with a price, though, and Jesus suffered his death as
the sacrifice for the sins of all mankind. By doing so,
the gates of heaven were opened, and it meant that
once again mankind would be able to dwell with our
(24:09):
Lord Jesus Christ for all eternity. The angels sang on
high and visited shepherds keeping watch over their sheep. You know,
ladies and gentlemen, Christmas is unique in that it recognizes
Christ coming into the world amid joy, only to later
be crucified for the sins of all mankind, those sins
(24:32):
committed by you, me and the whole whole of mankind
to be redeemed sins yet committed, the curtain that covered
the Tabernacle and the Jewish Temple, it would just was
rent when Jesus died on the boke his last words
(24:53):
and died on the cross forgiving all of us. But
while this was the reason Christ entered the world world
and cleanse us from sins, the work of salvation continued
and it still continues until today. The early Christian suffered
under the pagan Roman Empire, but slowly through evangelism, Christianity
(25:15):
spread throughout the world, and after the crucifixion and resurrection
of Christ, his followers continued to preach to people all
over the world and despite persecutions, survived to becoming the
largest religion in the world, and it still continues to grow.
(25:37):
So let me tell you this is the reason of
the festive season. We are now waiting to celebrate for
yet another Christmas. And while we celebrate Christmas in the
Christian world, it is also a holiday and much of
the non Christian world as well. For children, it is
waiting for good Old Santa Claus, who visits during the
(26:01):
night before Christmas, a remembrance of God's eternal message of
redemption and salvation. Today's Christmas also brings with it empty
celebrations throughout the world, focusing more on humanity than Christians.
In the secular venues of the world, and this is unfortunate.
(26:24):
Christ came and redeemed everyone, and we should all try
to absorb its true meaning. Sin is a serious matter
with Almighty God, but he does offer forgiveness to all
of us. The joy of forgiveness is truly part of
the Christmas celebration. We have the Ten Commandments, which provide
(26:47):
a road map for living a Christian life, but the
condensed version of them is to love your neighbor as
you love yourself, and to love God with your whole
heart and soul. If you just love God with your
whole heart and soul, you won't be separating yourself from
the other nine commandments, will you? Soon the trumpets will
(27:09):
blow and Christ will return to redeem those who love him.
I'm not sure when that day will come. It could
be tomorrow, it could be some future date from now,
but it will come, and death and suffering will and forever.
You cannot really have Christmas without Jesus, but you can
prepare yourself for the second Coming, which solves everything for everybody.
(27:31):
In the meantime, be joyful and full of good cheer,
because God loves you, very much, very very very much.
So Merry Christmas everyone, Bless you and your fellow Americans.
We send them our wishes to you and all others
who truly seek Christ. Merry Christmas, Happy New Years, with
(27:52):
welcome back, ladies and gentlemen. You know we always have
to take a look at these contracts, and we know
that this weekly broadcast. With the Lord's help, we will
have decades in the future to continue to do programs
like this, and we really really appreciate it. Write this
(28:14):
number down. This is the toll free number one eight
sixty six seven two eight three six nine seven, and
write down our local number four oh nine eight four
oh sixty nine hundred, because these contracts will put you
in touch with us and we can arrange appointments and
we can help you prepare for the future. Time waits
(28:38):
for no man, and maybe you'll have a little free
time to consider plans for the new year, and it
would be a good time to call us an Asset
Growth Associates where we can help you plan your future.
The numbers four oh nine eight four oh sixty nine
hundred toll free one eight six six seven eight three
(29:02):
six nine seven be back in a moment.
Speaker 2 (29:05):
We're just trying to turn a nickel into a dime.
Speaker 4 (29:08):
That's the bottom line.
Speaker 1 (29:11):
Visualize a future where your retirement income is completely tax free.
Most traditional retirement accounts come with a hidden partner the irs.
But what if you could legally separate yourself from the
future tax hikes and keep more of what you've earned.
At Asset Growth Associates, we've developed the Tax Free Future Calculator,
(29:33):
powered by our proprietary Achieving Alpha strategy. This powerful tool
shows you exactly how to transform your retirement savings into
a lifetime of tax free income. Picture more control, more growth,
and more money staying in your pocket, not Uncle Sam's.
You deserve a tax free future? Call four oh nine
eight four zero sixty nine hundred or visit savemyretirement dot
(29:58):
com to schedule a visit cover a tax free future
four nine eight four zero sixty nine hundred. Asset Growth
Associates Wealth Advisors is a registered investment advisor in the
state of Texas.
Speaker 5 (30:12):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earned money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan,
a smart financial solution designed to protect your money in
a down market while capturing market linked returns while the
(30:36):
market goes up. No market losses, market leaked gains, peace
of mind, don't leave your future to chance. Call Asset
Growth Associates today at four zero nine eight four zero
sixty nine hundred to learn how to grow and protect
your wealth. Protect what you've built, grow with confidence. Call
(30:57):
now four O nine eight for his zuro sixty nine
hundred per visitors at savemiretirement dot com.
Speaker 2 (31:05):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 9 (31:12):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're a weekly broadcast on KLBI that tells
it like it is. Once again, this is Gene Valerani
reporting and it's signed for a solution. Now, wouldn't be
right for us to do a show on investments, so
(31:34):
I want to pass this along to you this morning.
I want to tell you that when making an investment decision,
you have to find what is comfortable for you and
how you want the investment to grow. And to do
so with the least possible risk that asset growth associate
(31:57):
because at our company here we offer the plans that
fit all the many needs for accumulating money over time
without exposing those investment dollars to loss when the stock
market has a downturn. I just can't imagine this. I
(32:17):
just can't imagine this enough. It's called principal protection, that's
what I'm talking about. And when you invest with us,
you never lose money, and when you're ready to take
an income from it, you can take an income. You
can cash a whole thing in or you could take
it in bits and pieces, and your returns is going
(32:39):
to be either linked to the stock market or a
fixed interest account, whatever you want. Either way, your money
grows over time. And these accounts are great for both
four oh one K rollovers and pension rollovers and other
accounts available to grow over time and accumulate earnings without
having a downturn the way when the market, you know,
(33:02):
has one of its hiccups. This is why it's called
principal protection. When the stock market has a downturn, money
in one of these plans doesn't lose a dime. And
when the market comes back, It just picks up where
it's left off, and there's no weight to get going again,
because while everybody's playing catch up, you're already moving aheading.
(33:28):
These plans are great for pension and four oh one
K rollovers and for anything people save money for. Now,
we've all been told to save money for rainy days,
and as the years roll by, inflation and other financial
contracts have a hard time keeping up with the roller
coaster ride of market ups and downs. And that's why
(33:50):
we offer these contracts. Remember, these plans that I'm talking
about do not lose money during a market downturn, and
that means there's no way to just get back to
even while everybody else is trying to just catch up.
Here's what I want you to do. Call us an
(34:10):
Asset Growth Associates. Write this number down four oh nine
eight four oh sixty nine hundred once again. Four oh
nine eight four oh sixty nine hundred. That's our local
number in Beaumont, Texas, toll free. If you live in
far away places, you can dial one eight six six
(34:32):
seven two eight three six nine seven if you're calling
us long distance. Meeting with us is simple and takes
little time to provide our clients with a rollover which
you can move, say your pension, your four to oh
one K or your IRA money. You're just playing cash
(34:54):
into one of our tax deferred accumulation plans. All you
we have to do is moving the plans which accumulate
text defer and there's no perfect plan, ladies and gentlemen,
but with safe insured savings and cash accumulation, all of
our clients are very pleased. Once again, I'm going to
(35:18):
give you the phone number four oh nine eight four
oh sixty nine hundred long distance one eight six six
seven two eight three six ninety seven. That's toll free.
We can also be contacted online by logging on to
Savemyretirement dot Com. At Asset Growth Associates, we've been helping
(35:41):
our clients in Texas and Louisiana and elsewhere for decades
now and helping our clients accomplish their financial goals and
plan to continue doing so for the decades ahead. If
you have financial goals and plan to continue aiving money
for the future and to do it on a tax
(36:03):
deferred basis, now is the time to simply log on
to Save my Retirement dot com to call us You
can transfer your four oh one K four to oh
three B plans, your pensions and existing iras into principal production.
(36:25):
And that's good because that means that you're not going
to ever lose any money again. And when you make money,
the money is added to the contract and it stays there.
So why not give us a call, set a time
when you can visit with us and let us at
Asset Growth Associates simplify your financial life with funds that
grow that are not exposed to losses caused by downturns
(36:49):
on Wall Street. Now's the time to call for an
appointment four to oh nine eight four oh sixty nine hundred,
set a time that met with us or one of
our associates and help you make the first step to
secure returns that do not lose value during market downturns.
(37:11):
Once again, our phone number locally is four oh nine
eight four oh sixty nine hundred, toll free numbers one
eight six six seven two eight three six nine seven,
or once again online by simply logging on to Save
my Retirement dot Com, sail it to us and we'll
get back with you. We've been helping our clients in
(37:34):
Southeast Texas and Louisiana for decades now. We plan to
continue doing it in the years ahead once again four
O nine eight four oh sixty nine hundred and we
can also be reached online. Log on to savemyretirement dot com.
(37:54):
Because the sooner you reach out to us, the sooner
we'll be able to help you you. Jeff will be
back in a moment.
Speaker 2 (38:05):
Where's Josh trying to turn a necke in w Ue?
That's the bottom line. Where's Josh trying to turn a
necke in die?
Speaker 12 (38:15):
That's the bottom line.
Speaker 5 (38:30):
Thank you for listening today too, That's the bottom line.
All of our broadcasts are available on demand online at
savemyretirement dot com, or just go to your iHeartRadio app
and search for us under the podcast tab and be
sure to add us the favorites. You can also follow
us for all the latest updates on Facebook at Jeff Lewis.
(38:50):
That's the bottom line. Our physical address in Beaumont is
at thirteen ninety one Calder Avenue, a block from the
intersection of MLK and Calder. Are you ready for the
upcoming income tax season? It's almost that time, and our
office is already taking appointments to sort out your tax issues.
Maybe you still have a tax problem from a previous year.
(39:11):
If so, call our office at eight sixty six save
my retirement. That way, the IRS isn't calling you. Would
you like to avoid paying taxes on your retirement income altogether,
then maybe it's time to get rothicized. By converting your
traditional ira into a roth iray, either all at once
or over time, you can pay taxes now instead of later.
(39:35):
It makes more sense to pay taxes on the seed
rather than the crop. Roth Iras let you harvest your
money tax free after it's grown over the years. Schedule
an appointment with us to see if a conversion makes
sense for you. If you want a big, beautiful boost
to your portfolio, come talk with us about our covered
call ETF strategy. These exchange rate of funds takes your
(39:57):
values off of underlying equity positions and big time companies
like Apple and Microsoft, or even full industry sectors like
AI and tech. And even though these companies don't pay
much in the way of dividends themselves, these funds do
on a weekly basis, generating dependable income, generally with less
risk than many funds that just invest in the overall market.
(40:19):
You never want to give up capital if you don't
have to, so why not let your money work for you.
Our proprietary achieving Alpha portfolio builder can customize a plan
based off of your income needs, whether it's for your
overall budget or even to protect against rising medical costs. Now,
as you get close to retirement, you generally get more
(40:40):
interested in keeping your money safe. If so, you're probably
a good candidate for a principal protection strategy where you
can get market linked rates of return with zero risk
to your principle. We generally recommend these as at least
a portion of your diversify a portfolio. That's why people
more than ever are choosing Asset Growth of Associates. We've
(41:01):
got the experience and name you can trust. We know
how to handle your money consistently, safely, and always with
your best insurants in mind. We hope you had a
happy Thanksgiving and good luck to those of you braving
the crowds at the stores this weekend. I'm Jeff Lewis
for Gene Valerani and everyone here Asset Growth Associates. Remember
(41:22):
that you are greatly blessed and highly favored, because, as always,
that's the bottom line.
Speaker 4 (41:28):
That's the bottom line.
Speaker 3 (41:31):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemiretirement dot com
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