October 28, 2025 • 40 mins
Today on The Jeff Dornik Show, Aquiles Larrea, Founder and CEO of Larrea Wealth Management, joins Jeff to confront a question most are too afraid to ask—is artificial intelligence about to dismantle our financial freedom? Together they unpack how reckless government policies, inflation, and advancing technology are colliding to strip away sovereignty and control. Discover the steps you can take right now to safeguard your wealth, your independence, and your family’s future.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
For we are opposed around the world by a monolithic
and ruthless conspiracy that relies primarily on covet means for
expanding its sphere of influence, on infiltration instead of invasion,
on subversion instead of elections, on intimidation, instead of free choice,
(00:29):
on guerrillas by night instead of armies by day. It
is a system which has conscripted vast human and material
resources into the building of a type nit highly efficient
machine that combines military, diplomatic, intelligence, economic, scientific, and political operations.
(00:52):
Its preparations are concealed, not published. Its mistakes are buried,
not headlined. A silence not pray.
Speaker 2 (01:03):
Now, once you appoint yourself an arbiter, if what's true
and what's not true, then there's really no and the
power that you have now assumed for yourself.
Speaker 3 (01:17):
They are implementing this massive brainwashing attempt to hijack everybody. Hey, guys,
welcome to this episode of The Jeff Thronick Show. Thank
you guys so much for tuning in again. We go
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(01:38):
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(02:20):
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check that out at my goold guide dot com. Okay,
without further ado, we are going to go ahead and
bring on our guests for today. We've got Achilles Loria
joining us. Welcome to the show. Glad we can sit
down here in chat for a bit.
Speaker 4 (02:38):
Jeff, wonderful to be here. I'm glad we had a
chest talk about stuff.
Speaker 3 (02:43):
Yeah, definitely. Well, and I feel like the obviously, and
I feel like, you know, the economic conversations in general
are always everything is always crazy, but I feel like
even now it's it's ramped up because I feel like,
you know, depending on which side of the political hol
you're on, you have a completely different outlook on every thing.
It's like people are living in two different realities. Where
where do you see us right now? Do you see
(03:06):
us kind of coming back from a recession? Do you
see us heading into craziness?
Speaker 4 (03:10):
Like?
Speaker 3 (03:10):
What do you think is going on with your assessment?
Speaker 4 (03:12):
Well, right now, Jeff, this is we're talking about an
unprecedented event. What's happening because you have kind of this
triangle happening here. You have higher inflation, you have higher unemployment,
and this government shutdown of sorts is making for a,
for lack of a better word, a hodgepodge of a
(03:35):
mess coming forward. And like you alluded to, we're not
coming out of recession. We're heading towards one. But even worse,
in my opinion, is if we start heading towards stagflation.
Speaker 1 (03:46):
Right.
Speaker 4 (03:46):
You know, a recession is not something and I've said
this before in other media, but a recession doesn't come
up on the door, knock on the door and say hey,
I'm here, you know, and usually gone in six to
eight months tops, doesn't no longer than that. So if
you can imagine stagflation, which the Japanese went through, we've
gone through it too, But other societies have gone through
(04:10):
where there's very little economic growth. Gross to medical domestic
product is at zero to one percent, you know, high unemployment,
low prospects of good quality jobs. We're in God, we're
going in that direction, you know, and we need to
be careful, you know, this administration needs to be a
(04:32):
little bit more careful and tread lightly in my opinion,
although there is no overnight fix for this, you know,
stagflation is one of these things. Wages are stagnant right now.
So if you can imagine a person twenty thirty years ago,
I'll give you a prime example. I have friends who
(04:53):
work for United Parcel Services. No this, you know, disrespect
to that company anything, but I just want to point
it out back when we were all thirty years ago
working for that company during college, the wages that we
were being paid are almost similar right now. So it's
(05:17):
unprecedented that this wage stagnation has continued on a global basis.
Here in the United States, it's more acute because the
price of all items have gone up and just recently
in the last two to three years, up double digits,
(05:40):
whether it be consumer goods, whether it be electricity, whether
it be homes, which we're seen three to four times,
the amount personal loans, credit cards up thirty plus percent.
You know, So if you can imagine, these are the things, Jeff,
that drive you nuts and make you worry, keep you
(06:02):
up at night, but there is hope.
Speaker 3 (06:05):
Yeah, yeah, well, you know, And and it's it's really
interesting too because I think that you know, we've seen
this focus over the last several decades. Could you could
argue where you know, where it's ingrained to us. You
go to school, you go to college, you come out,
you get a job, you know, a steady job at
a big corporation, because that's where you can have job stability.
And if anything, that's turned out to be not true
(06:25):
basically at all. But also that you know, one of
one of the problems there too, is it really put
it puts your ability to increase your income to keep
up with all this crazy inflation on the hands of
your boss, your employer, the company, and and a lot
of times they're not keeping up with that. And so
like like, you know, I live out here, and I
live out here in communist California where we've got we've
(06:46):
got craziness going on with like the housing market and
all that where it's like, you know, people's wages are
staying pretty similar, but then it costs like three million
dollars to buy a home that's not in the ghetto.
It's it's it's crazy when you actually look at it
from that person. But you know, what do you what
do you think is like the root really the root
cause behind why everything is skyrocketing but wages are staying
(07:08):
the same.
Speaker 4 (07:09):
Corporate greed. There is no other thing that I can see,
you know, corruption, in government is one thing, but corporate
greed which is influencing. I mean, look, we have citizens
United that occurred because of corporate greed and now it's
just completely rampant, out of control. How else do you
(07:32):
explain wages being stagnant for thirty years. You know, I
was just counseling a bunch of vindeval individuals the other
day and I said to them, I go, you know,
back thirty forty years ago, you would stay at a
job the rules. You would stay at a job one year,
even if you hated it, you would stay there one
year out of respect to the corporation and a company.
(07:56):
Now I counsel people, I go, if you have a
better op opportunity and it's going to pay you more,
yet time to get up. You know why, because the
more you move around now it is in your best
interest because you'll be paid better wages. Maybe not necessarily
better benefits, but you're absolutely going to get paid more
(08:18):
the more you move. And that's why recruiters right now
are having a field day when it comes to these things,
whether be online or not. But you know, also the
fact that a lot of full time work has left
this country. It's not here it's gone the way of
the DODO right now. I hate to say that where
(08:40):
you used to be able to You know, if you
look back in the sixties and seventies, you used to
be able to have a job and your wife didn't
have to work, and you could support your family to kids,
you know, nuclear family, and you wouldn't have a problem
doing that because you were paid a living wage. Unfortunately,
(09:01):
that is no longer the case, and with that suffers
the family and suffers the quality of life that people
used to have. People used to take vacations. Now I
wouldn't even say it's a vacation. I would say it's
a staycation with shall we say recovery, you know, where
(09:25):
you're recovering from your the trauma that is your job.
Now this is not in every sector, Jeff. I mean
being a little dramatic here, but it's absolutely what I've
been hearing out there. Student loan debt is another thing
that is absolutely, you know, hurting the full spectrum, not
(09:47):
just you know, pre students, but imagine you're ten years
into a job and you still have loans and people
are profiting off those loans, i e. The student loan people.
So once again quality of life degregation, an employment picture
(10:11):
that is not rosy to anybody's benefit, and the fact
that jobs are simply not here as they once were.
Innovation continues here, but we are farming out the actual
execution part where we should be training workers here to
(10:34):
be those people, we're farming it out to other countries.
Speaker 3 (10:39):
Yeah, no, it's it's true. I feel like, you know,
it's like everything is being stacked against like the average
everyday person, whether you're talking about like like you know,
sending you know, jobs and manufacturing and all that kind
of stuff to other countries. You know, we're importing you know,
so much in so much like when you think about
a cheap labor you know, by you know, and that's
my thing is, like everybody they love their Walmart, they
(10:59):
love their cheap stuff. But it's like you're basically undercutting
the American workers by you know, bringing in practically slave
labor from places like China and some of these other countries.
And then you throw on top of the fact that, like,
you know, again, I feel like with everything that's happening
in this country, the power is being centralized to a
handful of you know, billionaires and a handful of like
(11:20):
the political elite where they have all the leverage. They're
working in conjunction with the government. The government's working in
conjunction with them, picking winners and losers, and they're making
all the decisions. And then you know, basically, if you
are a salaried employee, you are at the behest of them.
And then you look at Bernie Sanders report that he
came out with a couple weeks ago where he was
talking about how AI is going to replace up to
(11:41):
one hundred million jobs over the next decade. And then
you're sitting here and you're like, Okay, so is there
even going to be a place for salaried workers and
employees at a lot of these companies.
Speaker 4 (11:53):
Yeah, it's so interesting you brought that up. Can you imagine?
You know, AI is coming in, They're going to be
able to to people, They're going to you know, you
can't replace a human but you can replace people who
are not dynamic. You can replace people who are not
willing to change. And this is no different in my opinion, Jeff. Then,
(12:15):
back when the Industrial Revolution occurred, you know where people
were just not willing to make the necessary changes. But
then at the same time, corporations or the industrialists were
not willing to invest in their workers. You know this,
I've said this before. I'll say it again, Jeff. We
(12:36):
need a new deal here, a new deal just like
FDR did, where you put people to work, you give
them the training that they need. You know what sort
of programs here in the United States are helping people
to conquer the AI challenge because that is a challenge.
(13:00):
It's a big challenge. But at the same time, there's
good news out there there. You know, people who coordinate
these efforts, people who oversee you know, this technology are
making out like bandits right now and doing so to
the tune of double triple the salary what your average
(13:21):
person might be making with the corporation. So we're seeing that.
Another thing you would say to yourself, Okay, well, Achilles,
you know, you know, am I going to be able
to survive with the AI challenge? And you should be
asking yourself, am I going to be adaptable? Am I
able to overcome? You know? It's kind of like the
(13:44):
Marines overcome and adapt. Well, you know, same thing here.
You know, you got overcoming adapt AI. It's not this
big green monster that's come out of the woodwork. We've
seen AI coming for years, we you know we I mean,
you could go back to the set in these and
they've been talking how the computer was going to take
us over all these things. But what are you doing?
(14:05):
You know, ask yourself, what are you doing differently what
you know? And why isn't our government helping us a
little bit more in that respect? Because, like I said,
alluding back to the New Deal, the government was putting
people out there rebuilding the roads. You know, we made
blue collar workers a bad or dirty word. Wouldn't you
(14:29):
agree that is? You know, it's silly to me because
I have several friends and I grew up in a
blue collar neighborhood, Jeff. And let me tell you, when
it comes to those people, I respect the most because
they get their hands dirty. You know, I have friends
who are steam fitters, electricians, plumbers, and let me tell you,
they work their their noses off. But at the same time,
(14:52):
they when they walk away from the job, they're happy.
They enjoy their family time. And why because once that
particular job done versus that office worker who's having to
work twenty four to seven because emails following you around
now text is following you around, you know, so there
(15:13):
needs to be some sort of happy medium between the
two to get that quality of life back. But there
also needs to be support from the corporations, from the government,
you know, And that can only happen when all parties
are interested. And it's I think in our best interests
(15:35):
to get aboard this bandwagon and start helping people. Even
don't have to do just money, Jeff. You can do
a lot more than money. You can just make available
courses to people, but hold them accountable pay then for
these courses. You know, this is just ideas. I'm spitballing here,
(15:56):
but why not you know, what is it really cost you?
And you know, on a larger basis, Sure, we have
forty billion dollars to give to Argentina so we can
fix their elections. Not a surprise, not the first time
we did that. You know, we've done that in Asia,
We've done that several places. But forty billion dollars do
(16:21):
you know what kind of good work that could do here?
You know, they talk, well, we don't have enough money
for healthcare. Well we just gave forty billion to a
company outside the United States. And then you're screaming and
crying that we don't have enough money for whatever. Come on, Jeff,
we know better than that. We're better than that. Just
my opinion.
Speaker 3 (16:42):
No, I know, I I I When when it comes
to the money that our government wastes sending it to
other countries, we have so much that we could be
doing here here in the United States, you know. And
not to say that we don't waste money here, because
we waste a lot of money here in the United States,
but it's like, Okay, that's easy money. That like when
you look at the billions and billions and billions of
dollars that we send to other countries that we could
(17:03):
be spending that here. When we've got veterans, we've got homelessness,
we've got people that you know that that are that
can't survive on on the kind of wages that they're
living on. There's there's definitely some things that we can
do here. But I do want to kind of throw
a counterpoint at you when when it comes to the AI,
because you know, because I've been I've been on like
kind of an you could say, like an AI rampage
a little bit as of late, because because because I'm
(17:24):
really concerned, because I'm I'm being doing what I do
in tech. You know, I look at what a lot
of these guys that are developing this technology, whether you're
looking at Bezos or Elon Musk or Sam Altman or
Bill Gates and all the all these guys and and
you know, and it's really interesting because if you listen
to Elon, like for example, both Elon and Bill Gates
have both said that basically within the next decade, there
(17:45):
will be no more use for no more need for
humans to be in the workforce because AI and robots
are gonna are going to be able to handle the vast, vast,
vast majority of jobs optimist robots Elon's predicting I think
six to one optimist robots compared to humans in this
country to where they're gonna be able to do all
of our tasks, all that kind of stuff. And then
you look at Amazon. There was just a report that
(18:07):
came out that tens of thousands of employees are facing
being laid off because they're going to use AI and
robots to replace all of their jobs. I have a
friend that does, you know, tech development for Amazon, and
they're talking about eliminating like more than ninety percent of
their developers because AI can do all of it. And
so when you look at it, yes, there are individuals
(18:28):
and people that are able to make more money by
leveraging and using artificial intelligence, for sure, but that's because
of all the jobs they're able to eliminate by replacing
them with the technology. And so for me, I'm looking
at this and I'm like, is there is there a
space for enough enough jobs and enough you know, job creation,
(18:49):
whether it's your own by using a artificial intelligence or
working for somebody else. Is there enough space for all
of us to be self sustained without just being reliant
upon the go in this new AI future.
Speaker 4 (19:03):
Yeah, And I don't want to, you know, not to
let's go back. I don't want to say that we
need the government for this particular. You know, that's kind
of anti America if you think about it, you know,
But but have to say, and we're not you know,
we're not socialists. You know, I'm here in New York City. Uh,
you know, we get a lot of help if you're
(19:24):
in trouble here. But at the same time, if you
look at other countries, people survive on a lot less.
People become micro entrepreneurs, you know, I see something that
wave actually start to come towards America now where you're
going to be forced, whether you like it or not,
(19:47):
to go in that direction, whether as an entrepreneur, because
if you want to keep up with the coast of living,
how are you going to do it working for a
company that's going to give you two percent a year race.
That's what's happening here. It's not at all. Also, what's
going to happen when you retire? You know, back in
the seventies, the Arisa Act, you know that occurred from
(20:12):
the seventies to eighties, right, that created the four to
oh one k a right, the retirement plan was one
of the worst things. Even the inventor. This was just
supposed to be a tax code cheap, you know, They're
just supposed to help your taxes. That's why it was created.
But what it did is it got rid of the
(20:34):
pension plan. Without a pension plan, most people who have
four to oh one ks and iras and leave a
company don't know what the heck they're doing with their money.
It is an emotional issue. I've been doing this since
(20:55):
nineteen ninety six, ninety five, ninety six, and let me
tell you the worst thing that you can do for
a client is get emotional, you know, like an attorney,
like a CPA. You need to have that even keel temperament.
And this industry also shot itself in the foot because
(21:16):
it told people you don't we don't need you as
an advisor. Let me tell you my business has grown
by leaps and bounds over the years from those people
who were taught they didn't need me. And the reason,
you know, I'm just making an analogy to what I
think Jeff to you know, just an example of what
(21:40):
I think going forward, how you're going to survive and A.
You got to have a personality always helps. B. You
have to work hard, but you also have to work smart. See,
you need to be strategic because when you're strategic about
the direction your life is going versally, so instead of
(22:04):
by default but by design, you're purposeful. You're moving forward
with purpose, strategy and overall positive mental attitude. Then you
should succeed as everybody who I've ever met who had
these qualities moved forward. But this intrenched belief that I'm
(22:31):
going to stay status quo will hurt you in the
long run. You will lose your job, you will not
be able to fend for yourself long term. So you
need you know, I'm telling this everybody now who's in
this predictable predicament. You need to be better. You can't
(22:51):
be afraid of the future. The future is daunting and
the future is now. So you need to say to yourself,
what is it that I, as a worker or I
as an individual with the responsibilities of being a parent,
with the responsibilities of maybe I need to support my parents,
(23:16):
you know, with the responsibility of being a responsible citizen
in this country, can I to to make my life
and the world a little bit better?
Speaker 3 (23:30):
Yeah? Well yeah, And it's and it's really taken taking
an honest assessment of the of the situation and figuring out, like, okay,
where where's their problem? And where where can I feel it?
And and and I think also too, and this is
something that I think a lot of people have have
lost the art of. And I think probably because I
would say largely because because of social media and everybody
(23:51):
kind of being divided and you know, ice isolated by yourselves.
We're a lot of times were not communities in the
way that we once were. Is that, you know, I
feel like we're not building true friendships and connections and
networks of people. We're not networking in the same way
that we used to. We think, oh, I'm on LinkedIn,
I followed somebody and we connected. I networked. It's like
it's different. It's different than building face to face human
(24:13):
connections because I think the more, the more actual connections
that you have with other people, the better opportunity you
have to develop your own company, build your own business,
build your own brand.
Speaker 4 (24:25):
Yeah, one hundred percent on that. There's, you know, this
networking thing, a lot of this. You know, we're doing
zoom calls these days. Let me tell you, well, unless
you're right in front of the person, there's what a
lot what you know, I think nineteen eighty four called
it doubles speak, you know, and there's a lot of
(24:46):
unwritten that is said face to face. Right where you're
reading the person's charactertures on their face through linkols, whatever
is on their face, you pick up a on the
nonverbal cues. This is quickly Jeff being lost on the
new generations because if you're not facing somebody face to face.
(25:11):
This is natural when we're kids, you know, because we
have an innate sense of that. But when you're an adult.
We have lost that ability unless we're face to face.
I'm fortunate that I'm face to face with people almost
every single day, but I realize that people don't have
(25:35):
that ability all the time. So you're right. The networking
that is taking place is called it's inactive, it's not proactive,
and it is simply Hey, I got one hundred followers.
You know, I'm just being obsicious about this. I had
one hundred followers, but I really got nothing because I
(25:57):
don't really do. I don't interact with these people, not
doing anything for them. You know. That's why I don't
care how many followers I have. I don't care how
many people buy my books, you know, I care more
that we can have a face to face conversation, whether
if it's on zoom, you know, because the distance cool,
(26:18):
I get it, but if it's you know, face to
face better. But more importantly, I'm gonna pick up on
what you're not telling me because there's always that read
between the lines, which is now Jeff being lost. We
have to watch out.
Speaker 3 (26:36):
Yeah, no, no, totally, And that's something I've been thinking
a lot about, you know, myself. Having a social media
platform is like how do we bridge that gap between
the online digital world and then physical and in person.
So I think, you know, one of the things that
we're gonna do is we're gonna start having in person
events around the country where you can literally sit there
and you're like, I just insulted this guy last week,
but I'm gonna face him face to face right here.
Maybe I a should kind of shape up a little
(26:56):
bit online, But but I do have a question. In
the live chat from all of our favorite bot putin
Bought Gaming, I said, I have a question for Achilles,
what's the best way to develop skills for the new
micro gig economy and then to promote yourself.
Speaker 4 (27:10):
Yeah it's not an easy answer, but really, what you
have to do at this particular point you get to
ask yourself, where do I want to go direction wise?
You know, what sector do I want to be involved?
Am I going to be in? Technology? You know, obviously
technology is the first thought, you know, cloud computing. Financial,
you know, financial is an excellent sector to be in.
(27:32):
You don't have to be like me, like an advisor,
but the support around you know, it cannot be easily replaced.
But there's a caveat right and I'll tell you why.
In the financial sector, I'll give you for instance, when
I first opened my business twenty three years ago, we
needed staff. We no longer need that. Technology took it over.
(27:59):
So that person, said, who was working just writing new
account numbers because that was their job, right, that person
had to find a new job. Make yourself employable, make
yourself indispensable, maybe not to an employer, but maybe to yourself.
(28:21):
Learn things that not everybody is going after. Learn things
that maybe are not the most in demand. You know, billionaires,
the way they are created, it didn't happen from inventing
something new, Jeff. It happened from taking something that was
(28:42):
pre existing and they met it better, you know. So
that's just one example of what you can do. The
second thing that I think you need to do aside,
you need to feed your head all the time. You
know a lot of people have forgotten about red. We're
on the internet and you're calling that reading. Go back,
(29:07):
read nonfiction, read sci fi, read history, specially history. Jeff.
Let me tell you want to learn all the problems
that we face right now have been faced by generation's
pass So give yourself an opportunity to get ahead by
(29:29):
feeding your head. I tell you I when I first
started my business, I was at Barnes and Nobles, if
you can imagine, you know, back then, and every weekend
the kids would go around and play, and you know,
I'd be there and I would just pick up three
(29:50):
books or two books. I wasn't going to read the
whole thing, but I sure read enough. And I had
my notebook with me. I always carry a notebook with me.
I'm kind of old school like that, but had a notebook,
took down notes, said to myself, why don't I try
to implement that in my life? So I looked at
(30:10):
self help. I looked at motivation. I looked at business.
But more importantly, I looked at fiction. I looked at nonfiction, history,
sci fi, anime, you name it out there. Whatever cultivates
your mind will take you forward. And that way you
don't fall backwards into this stagnant type individual. You can
(30:34):
be so much more. You gotta give yourself a chance.
Speaker 3 (30:37):
Jeff, Yeah, no, no, for sure. And the key is,
you know, constantly improving, finding ways to improve yourself. Like
all of that. Now I want you to give I
want to give you a chance as well. To tell
everybody about you know exactly what you do, and then
how like you can actually be a benefit to you know,
anybody who may be watching this, like, Okay, I need help.
I need to figure out what I'm supposed to be doing,
how I'm supposed to be moving forward in all this crazyess.
(31:01):
How can they get plugged in with you?
Speaker 4 (31:03):
Yeah, well, the best way is you go to our
website www dot lorealwealth dot com. You take a look
at the website there. You know, if you like what
you see, you can reach out to us there you
contact us. Of course, you could also pick up so
you know. We have two new books. My new book
just dropped on Amazon. They're both available on Amazon, so
(31:26):
you just type in my name. The new book is
called Wise Up with Your Money. It is a no nonsense,
common sense approach to being disciplined with your money. It's
something that I teach my clients from the get go. Jeff,
I have a lot of clients who've been with me
since the nineties, and let me tell you, they don't
(31:48):
want to be the plank bearers, as we call them.
They want to just put out the lounge chair and sit.
You do not have to be super educate about finance
to be successful, but you do have to have somebody
in your corner. One of the biggest things I tell
everybody is, you know what, you're taking care of everybody,
(32:12):
especially business owners, but you're taking care of everybody who's
taking care of you financially. I'm the guy who comes
in and takes care of you for the rest of
your life, no matter what happens. I've seen it all calamities, disaster, djure,
(32:33):
Asian contagion. I see at Another thing that I do
for my clients is I make them think about money
or shall we say, eventualities in the future. So you know,
do you need to protect yourself from lawsuits? Do you
(32:54):
need to have that money titled? Differently, do you need
to create a corporation? You know, this is just throwing
it out there, because you know, I had a gentleman
come to me the other day. They decided to go
to another direction. They sure loved my ideas, you know what,
but ideas don't make you money. You know, it's implementation
(33:20):
and execution, and that's where we kind of differentuate ourselves.
You know. Back if you remember Jeff to the financial
crisis back in twenty eight twenty eight all right, everybody
was losing their shirt. Everybody was down big time money
managers and I we were on a call and they
(33:40):
were down forty seven percent year to date, and I said,
I don't need you for that, So I promptly fired
all of them. And I said to myself, you know,
my clients asked me, well, what are we gonna do now? Well,
we're not saying in cash, I'm going to manage your portfolio.
And I went and I fed my head. I learned
(34:01):
more about money management than I knew previously. I had
still had a lot of experience behind me. But while
the SMP was down eighteen percent end of year, we
were flat, and then from that point we were double
digit and we beat the SMP for the last fifteen years.
(34:21):
You know, So you know, it's not about performance. It's
about not losing your head while everybody else is. It
is actually about your relationship. I have very close relationships
over the years with clients, talking with them about the
subject that they don't have time for. Believe it or not,
(34:45):
most of my clients don't have time for the money conversation.
I forced them to have that conversation, and it's a
boon to them because they know that they're going to
have to think about it. They know that Achilles is
going to hold their feet to the fire. You know.
So someone who who's you know, who's the best people
(35:07):
we work with? Well, people who are looking not to
manage their own money, people who are looking to delegate
this responsibility to an individual like myself. What sort of
scenarios tend to work best retirees? When you're retiring, most
(35:29):
people will most advisors won't tell you this, but I will.
Don't spend any you know, huge expense within six months
of retirement. The worst thing you got to do. Why,
because you got to get your head ready. Your head
is not ready for retirement. Jeff. Did you know back
in the fifties and sixties that most people died within
(35:53):
five years of retirement, right, yeah, Yeah, people are living
thirty to forty years retirement and running out of money.
So that's why you shouldn't be making big expenses. Someone
at the second scenario, someone's changing their job or an inheritance.
Once again, look at the football players, look at people
(36:16):
who get these big paydays. To an average worker, this
is the same thing. This is the most money. You
know you're going to ever see in your life. Do
not make any big expenses for eight months, you know why,
because you're not ready. Yeah, all right, go read some books,
and I highly recommend if you want to read about
(36:39):
the type of person you want to be money wise,
read The Millionaire next Door by Stanley. All Right, Thomas Stanley,
that's an excellent book. The other scenarios that where we
lend ourselves pretty well inheritances, lottery with those type of
scenarios where you get all this amazing money, but you know,
(37:03):
the average lottery winner, they're done in four years. They
run out of money. Why because they're psychologically not ready
for that. They don't have anybody in their corner, or
that person in their corner is solely looking out for
their best interests right as a fiduciary, which is a
fancy word in my head. Fiduciary is just a guy
(37:24):
who's watching you not blow yourself up and telling you
you're being for lack of a better word, you're being
a horse is something you know when you are, Yeah,
because without that there's no reality chat kind of like
our government isn't it but just messalonia. But these are
(37:45):
the scenarios where we tend to do really well. You know,
I give a lot of information away on social media.
You know, I don't give the farm away. But if
you're really interested in working with us, I would say
to you, reach out to us. You know, I'll give
you the best number to reach out, which is two
(38:05):
one two three nine zero eight nine one eight. Someone
always picks up, doesn't matter what time of day. And
at the same time, I'm on media like this every
single week. I'm here to give out this information. It's
(38:26):
not so far fetched that in the future, you know,
we're going to have robots trying to replace me. But
at the same time, right now, you don't got that,
and no robot is going to protect you like a
human being who has empathy, who understands your situation, who's
(38:47):
done their homework on you, which is what I do,
is going to do. So I hope you will take
advantage of that, and I hope you will reach out
to us.
Speaker 3 (38:58):
Yeah, no, definitely, And I'll have the phone in the
link to your website and all that kind of stuff
there on the show notes. People can just click on
that and go over there as well. But I really
appreciate you coming on and sharing your knowledge. You know,
I think we need, we as a citing need to
be having more of these kinds of conversations as well
to help people to understand what's actually what's actually going on.
So I really appreciate you taking that time to come on.
Speaker 4 (39:19):
Well, it's my honor and thank you again, Jeff. It
was my pleasure.
Speaker 3 (39:22):
Now, thank you. I appreciate it. Everybody, make sure that
you guys are going over click on his websites in
the show notes, I'll make sure of that as well
as the phone number as well, as well as when
you guys go over to the Apple podcast or Spotify
and you guys are tuning in there, you guys will
have that as well. So make sure you guys are
doing that, and really take control of your own finances
talk to him. Make sure you guys are doing that
as well. Also, make sure you guys are following me
(39:42):
on pickax. Go set up your account today. P c
k a X dot com. Go to pickax dot com
and sign up today. Set up your account for free.
You guys can follow a whole bunch of amazing people
already on there, people like Michelin Fox, people like Daily Cloud,
Children's Health Defense. Make sure that you guys are doing that.
And then we've got some really really really cool announcements
coming up here very very soon, especially relating to the
(40:02):
apps and monetization for content creators all that kind of stuff,
So make sure that you guys are doing that. And
then finally, as well, make sure you guys are going
to checking out our sponsor, My goal Guide. Go to
my goalguide dot com slash Jeff My goalguide dot com
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guys are checking that out as well. But thank you
guys so much for tuning in. I truly truly appreciate it.
(40:23):
We shall catch you guys next time.
For we are opposed around the world by a monolithic
and ruthless conspiracy that relies primarily on covet means for
expanding its sphere of influence, on infiltration instead of invasion,
on subversion instead of elections, on intimidation, instead of free choice,
(00:29):
on guerrillas by night instead of armies by day. It
is a system which has conscripted vast human and material
resources into the building of a type nit highly efficient
machine that combines military, diplomatic, intelligence, economic, scientific, and political operations.
(00:52):
Its preparations are concealed, not published. Its mistakes are buried,
not headlined. A silence not pray.
Speaker 2 (01:03):
Now, once you appoint yourself an arbiter, if what's true
and what's not true, then there's really no and the
power that you have now assumed for yourself.
Speaker 3 (01:17):
They are implementing this massive brainwashing attempt to hijack everybody. Hey, guys,
welcome to this episode of The Jeff Thronick Show. Thank
you guys so much for tuning in again. We go
live daily at one o'clock Eastern ten o'clock Pacific time,
So make sure that you guys are subscribing on Rumble
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I'll take you directly over there. Phill out the form.
You guys can get a free golden silver guy. Definitely
check that out at my goold guide dot com. Okay,
without further ado, we are going to go ahead and
bring on our guests for today. We've got Achilles Loria
joining us. Welcome to the show. Glad we can sit
down here in chat for a bit.
Speaker 4 (02:38):
Jeff, wonderful to be here. I'm glad we had a
chest talk about stuff.
Speaker 3 (02:43):
Yeah, definitely. Well, and I feel like the obviously, and
I feel like, you know, the economic conversations in general
are always everything is always crazy, but I feel like
even now it's it's ramped up because I feel like,
you know, depending on which side of the political hol
you're on, you have a completely different outlook on every thing.
It's like people are living in two different realities. Where
where do you see us right now? Do you see
(03:06):
us kind of coming back from a recession? Do you
see us heading into craziness?
Speaker 4 (03:10):
Like?
Speaker 3 (03:10):
What do you think is going on with your assessment?
Speaker 4 (03:12):
Well, right now, Jeff, this is we're talking about an
unprecedented event. What's happening because you have kind of this
triangle happening here. You have higher inflation, you have higher unemployment,
and this government shutdown of sorts is making for a,
for lack of a better word, a hodgepodge of a
(03:35):
mess coming forward. And like you alluded to, we're not
coming out of recession. We're heading towards one. But even worse,
in my opinion, is if we start heading towards stagflation.
Speaker 1 (03:46):
Right.
Speaker 4 (03:46):
You know, a recession is not something and I've said
this before in other media, but a recession doesn't come
up on the door, knock on the door and say hey,
I'm here, you know, and usually gone in six to
eight months tops, doesn't no longer than that. So if
you can imagine stagflation, which the Japanese went through, we've
gone through it too, But other societies have gone through
(04:10):
where there's very little economic growth. Gross to medical domestic
product is at zero to one percent, you know, high unemployment,
low prospects of good quality jobs. We're in God, we're
going in that direction, you know, and we need to
be careful, you know, this administration needs to be a
(04:32):
little bit more careful and tread lightly in my opinion,
although there is no overnight fix for this, you know,
stagflation is one of these things. Wages are stagnant right now.
So if you can imagine a person twenty thirty years ago,
I'll give you a prime example. I have friends who
(04:53):
work for United Parcel Services. No this, you know, disrespect
to that company anything, but I just want to point
it out back when we were all thirty years ago
working for that company during college, the wages that we
were being paid are almost similar right now. So it's
(05:17):
unprecedented that this wage stagnation has continued on a global basis.
Here in the United States, it's more acute because the
price of all items have gone up and just recently
in the last two to three years, up double digits,
(05:40):
whether it be consumer goods, whether it be electricity, whether
it be homes, which we're seen three to four times,
the amount personal loans, credit cards up thirty plus percent.
You know, So if you can imagine, these are the things, Jeff,
that drive you nuts and make you worry, keep you
(06:02):
up at night, but there is hope.
Speaker 3 (06:05):
Yeah, yeah, well, you know, And and it's it's really
interesting too because I think that you know, we've seen
this focus over the last several decades. Could you could
argue where you know, where it's ingrained to us. You
go to school, you go to college, you come out,
you get a job, you know, a steady job at
a big corporation, because that's where you can have job stability.
And if anything, that's turned out to be not true
(06:25):
basically at all. But also that you know, one of
one of the problems there too, is it really put
it puts your ability to increase your income to keep
up with all this crazy inflation on the hands of
your boss, your employer, the company, and and a lot
of times they're not keeping up with that. And so
like like, you know, I live out here, and I
live out here in communist California where we've got we've
(06:46):
got craziness going on with like the housing market and
all that where it's like, you know, people's wages are
staying pretty similar, but then it costs like three million
dollars to buy a home that's not in the ghetto.
It's it's it's crazy when you actually look at it
from that person. But you know, what do you what
do you think is like the root really the root
cause behind why everything is skyrocketing but wages are staying
(07:08):
the same.
Speaker 4 (07:09):
Corporate greed. There is no other thing that I can see,
you know, corruption, in government is one thing, but corporate
greed which is influencing. I mean, look, we have citizens
United that occurred because of corporate greed and now it's
just completely rampant, out of control. How else do you
(07:32):
explain wages being stagnant for thirty years. You know, I
was just counseling a bunch of vindeval individuals the other
day and I said to them, I go, you know,
back thirty forty years ago, you would stay at a
job the rules. You would stay at a job one year,
even if you hated it, you would stay there one
year out of respect to the corporation and a company.
(07:56):
Now I counsel people, I go, if you have a
better op opportunity and it's going to pay you more,
yet time to get up. You know why, because the
more you move around now it is in your best
interest because you'll be paid better wages. Maybe not necessarily
better benefits, but you're absolutely going to get paid more
(08:18):
the more you move. And that's why recruiters right now
are having a field day when it comes to these things,
whether be online or not. But you know, also the
fact that a lot of full time work has left
this country. It's not here it's gone the way of
the DODO right now. I hate to say that where
(08:40):
you used to be able to You know, if you
look back in the sixties and seventies, you used to
be able to have a job and your wife didn't
have to work, and you could support your family to kids,
you know, nuclear family, and you wouldn't have a problem
doing that because you were paid a living wage. Unfortunately,
(09:01):
that is no longer the case, and with that suffers
the family and suffers the quality of life that people
used to have. People used to take vacations. Now I
wouldn't even say it's a vacation. I would say it's
a staycation with shall we say recovery, you know, where
(09:25):
you're recovering from your the trauma that is your job.
Now this is not in every sector, Jeff. I mean
being a little dramatic here, but it's absolutely what I've
been hearing out there. Student loan debt is another thing
that is absolutely, you know, hurting the full spectrum, not
(09:47):
just you know, pre students, but imagine you're ten years
into a job and you still have loans and people
are profiting off those loans, i e. The student loan people.
So once again quality of life degregation, an employment picture
(10:11):
that is not rosy to anybody's benefit, and the fact
that jobs are simply not here as they once were.
Innovation continues here, but we are farming out the actual
execution part where we should be training workers here to
(10:34):
be those people, we're farming it out to other countries.
Speaker 3 (10:39):
Yeah, no, it's it's true. I feel like, you know,
it's like everything is being stacked against like the average
everyday person, whether you're talking about like like you know,
sending you know, jobs and manufacturing and all that kind
of stuff to other countries. You know, we're importing you know,
so much in so much like when you think about
a cheap labor you know, by you know, and that's
my thing is, like everybody they love their Walmart, they
(10:59):
love their cheap stuff. But it's like you're basically undercutting
the American workers by you know, bringing in practically slave
labor from places like China and some of these other countries.
And then you throw on top of the fact that, like,
you know, again, I feel like with everything that's happening
in this country, the power is being centralized to a
handful of you know, billionaires and a handful of like
(11:20):
the political elite where they have all the leverage. They're
working in conjunction with the government. The government's working in
conjunction with them, picking winners and losers, and they're making
all the decisions. And then you know, basically, if you
are a salaried employee, you are at the behest of them.
And then you look at Bernie Sanders report that he
came out with a couple weeks ago where he was
talking about how AI is going to replace up to
(11:41):
one hundred million jobs over the next decade. And then
you're sitting here and you're like, Okay, so is there
even going to be a place for salaried workers and
employees at a lot of these companies.
Speaker 4 (11:53):
Yeah, it's so interesting you brought that up. Can you imagine?
You know, AI is coming in, They're going to be
able to to people, They're going to you know, you
can't replace a human but you can replace people who
are not dynamic. You can replace people who are not
willing to change. And this is no different in my opinion, Jeff. Then,
(12:15):
back when the Industrial Revolution occurred, you know where people
were just not willing to make the necessary changes. But
then at the same time, corporations or the industrialists were
not willing to invest in their workers. You know this,
I've said this before. I'll say it again, Jeff. We
(12:36):
need a new deal here, a new deal just like
FDR did, where you put people to work, you give
them the training that they need. You know what sort
of programs here in the United States are helping people
to conquer the AI challenge because that is a challenge.
(13:00):
It's a big challenge. But at the same time, there's
good news out there there. You know, people who coordinate
these efforts, people who oversee you know, this technology are
making out like bandits right now and doing so to
the tune of double triple the salary what your average
(13:21):
person might be making with the corporation. So we're seeing that.
Another thing you would say to yourself, Okay, well, Achilles,
you know, you know, am I going to be able
to survive with the AI challenge? And you should be
asking yourself, am I going to be adaptable? Am I
able to overcome? You know? It's kind of like the
(13:44):
Marines overcome and adapt. Well, you know, same thing here.
You know, you got overcoming adapt AI. It's not this
big green monster that's come out of the woodwork. We've
seen AI coming for years, we you know we I mean,
you could go back to the set in these and
they've been talking how the computer was going to take
us over all these things. But what are you doing?
(14:05):
You know, ask yourself, what are you doing differently what
you know? And why isn't our government helping us a
little bit more in that respect? Because, like I said,
alluding back to the New Deal, the government was putting
people out there rebuilding the roads. You know, we made
blue collar workers a bad or dirty word. Wouldn't you
(14:29):
agree that is? You know, it's silly to me because
I have several friends and I grew up in a
blue collar neighborhood, Jeff. And let me tell you, when
it comes to those people, I respect the most because
they get their hands dirty. You know, I have friends
who are steam fitters, electricians, plumbers, and let me tell you,
they work their their noses off. But at the same time,
(14:52):
they when they walk away from the job, they're happy.
They enjoy their family time. And why because once that
particular job done versus that office worker who's having to
work twenty four to seven because emails following you around
now text is following you around, you know, so there
(15:13):
needs to be some sort of happy medium between the
two to get that quality of life back. But there
also needs to be support from the corporations, from the government,
you know, And that can only happen when all parties
are interested. And it's I think in our best interests
(15:35):
to get aboard this bandwagon and start helping people. Even
don't have to do just money, Jeff. You can do
a lot more than money. You can just make available
courses to people, but hold them accountable pay then for
these courses. You know, this is just ideas. I'm spitballing here,
(15:56):
but why not you know, what is it really cost you?
And you know, on a larger basis, Sure, we have
forty billion dollars to give to Argentina so we can
fix their elections. Not a surprise, not the first time
we did that. You know, we've done that in Asia,
We've done that several places. But forty billion dollars do
(16:21):
you know what kind of good work that could do here?
You know, they talk, well, we don't have enough money
for healthcare. Well we just gave forty billion to a
company outside the United States. And then you're screaming and
crying that we don't have enough money for whatever. Come on, Jeff,
we know better than that. We're better than that. Just
my opinion.
Speaker 3 (16:42):
No, I know, I I I When when it comes
to the money that our government wastes sending it to
other countries, we have so much that we could be
doing here here in the United States, you know. And
not to say that we don't waste money here, because
we waste a lot of money here in the United States,
but it's like, Okay, that's easy money. That like when
you look at the billions and billions and billions of
dollars that we send to other countries that we could
(17:03):
be spending that here. When we've got veterans, we've got homelessness,
we've got people that you know that that are that
can't survive on on the kind of wages that they're
living on. There's there's definitely some things that we can
do here. But I do want to kind of throw
a counterpoint at you when when it comes to the AI,
because you know, because I've been I've been on like
kind of an you could say, like an AI rampage
a little bit as of late, because because because I'm
(17:24):
really concerned, because I'm I'm being doing what I do
in tech. You know, I look at what a lot
of these guys that are developing this technology, whether you're
looking at Bezos or Elon Musk or Sam Altman or
Bill Gates and all the all these guys and and
you know, and it's really interesting because if you listen
to Elon, like for example, both Elon and Bill Gates
have both said that basically within the next decade, there
(17:45):
will be no more use for no more need for
humans to be in the workforce because AI and robots
are gonna are going to be able to handle the vast, vast,
vast majority of jobs optimist robots Elon's predicting I think
six to one optimist robots compared to humans in this
country to where they're gonna be able to do all
of our tasks, all that kind of stuff. And then
you look at Amazon. There was just a report that
(18:07):
came out that tens of thousands of employees are facing
being laid off because they're going to use AI and
robots to replace all of their jobs. I have a
friend that does, you know, tech development for Amazon, and
they're talking about eliminating like more than ninety percent of
their developers because AI can do all of it. And
so when you look at it, yes, there are individuals
(18:28):
and people that are able to make more money by
leveraging and using artificial intelligence, for sure, but that's because
of all the jobs they're able to eliminate by replacing
them with the technology. And so for me, I'm looking
at this and I'm like, is there is there a
space for enough enough jobs and enough you know, job creation,
(18:49):
whether it's your own by using a artificial intelligence or
working for somebody else. Is there enough space for all
of us to be self sustained without just being reliant
upon the go in this new AI future.
Speaker 4 (19:03):
Yeah, And I don't want to, you know, not to
let's go back. I don't want to say that we
need the government for this particular. You know, that's kind
of anti America if you think about it, you know,
But but have to say, and we're not you know,
we're not socialists. You know, I'm here in New York City. Uh,
you know, we get a lot of help if you're
(19:24):
in trouble here. But at the same time, if you
look at other countries, people survive on a lot less.
People become micro entrepreneurs, you know, I see something that
wave actually start to come towards America now where you're
going to be forced, whether you like it or not,
(19:47):
to go in that direction, whether as an entrepreneur, because
if you want to keep up with the coast of living,
how are you going to do it working for a
company that's going to give you two percent a year race.
That's what's happening here. It's not at all. Also, what's
going to happen when you retire? You know, back in
the seventies, the Arisa Act, you know that occurred from
(20:12):
the seventies to eighties, right, that created the four to
oh one k a right, the retirement plan was one
of the worst things. Even the inventor. This was just
supposed to be a tax code cheap, you know, They're
just supposed to help your taxes. That's why it was created.
But what it did is it got rid of the
(20:34):
pension plan. Without a pension plan, most people who have
four to oh one ks and iras and leave a
company don't know what the heck they're doing with their money.
It is an emotional issue. I've been doing this since
(20:55):
nineteen ninety six, ninety five, ninety six, and let me
tell you the worst thing that you can do for
a client is get emotional, you know, like an attorney,
like a CPA. You need to have that even keel temperament.
And this industry also shot itself in the foot because
(21:16):
it told people you don't we don't need you as
an advisor. Let me tell you my business has grown
by leaps and bounds over the years from those people
who were taught they didn't need me. And the reason,
you know, I'm just making an analogy to what I
think Jeff to you know, just an example of what
(21:40):
I think going forward, how you're going to survive and A.
You got to have a personality always helps. B. You
have to work hard, but you also have to work smart. See,
you need to be strategic because when you're strategic about
the direction your life is going versally, so instead of
(22:04):
by default but by design, you're purposeful. You're moving forward
with purpose, strategy and overall positive mental attitude. Then you
should succeed as everybody who I've ever met who had
these qualities moved forward. But this intrenched belief that I'm
(22:31):
going to stay status quo will hurt you in the
long run. You will lose your job, you will not
be able to fend for yourself long term. So you
need you know, I'm telling this everybody now who's in
this predictable predicament. You need to be better. You can't
(22:51):
be afraid of the future. The future is daunting and
the future is now. So you need to say to yourself,
what is it that I, as a worker or I
as an individual with the responsibilities of being a parent,
with the responsibilities of maybe I need to support my parents,
(23:16):
you know, with the responsibility of being a responsible citizen
in this country, can I to to make my life
and the world a little bit better?
Speaker 3 (23:30):
Yeah? Well yeah, And it's and it's really taken taking
an honest assessment of the of the situation and figuring out, like, okay,
where where's their problem? And where where can I feel it?
And and and I think also too, and this is
something that I think a lot of people have have
lost the art of. And I think probably because I
would say largely because because of social media and everybody
(23:51):
kind of being divided and you know, ice isolated by yourselves.
We're a lot of times were not communities in the
way that we once were. Is that, you know, I
feel like we're not building true friendships and connections and
networks of people. We're not networking in the same way
that we used to. We think, oh, I'm on LinkedIn,
I followed somebody and we connected. I networked. It's like
it's different. It's different than building face to face human
(24:13):
connections because I think the more, the more actual connections
that you have with other people, the better opportunity you
have to develop your own company, build your own business,
build your own brand.
Speaker 4 (24:25):
Yeah, one hundred percent on that. There's, you know, this
networking thing, a lot of this. You know, we're doing
zoom calls these days. Let me tell you, well, unless
you're right in front of the person, there's what a
lot what you know, I think nineteen eighty four called
it doubles speak, you know, and there's a lot of
(24:46):
unwritten that is said face to face. Right where you're
reading the person's charactertures on their face through linkols, whatever
is on their face, you pick up a on the
nonverbal cues. This is quickly Jeff being lost on the
new generations because if you're not facing somebody face to face.
(25:11):
This is natural when we're kids, you know, because we
have an innate sense of that. But when you're an adult.
We have lost that ability unless we're face to face.
I'm fortunate that I'm face to face with people almost
every single day, but I realize that people don't have
(25:35):
that ability all the time. So you're right. The networking
that is taking place is called it's inactive, it's not proactive,
and it is simply Hey, I got one hundred followers.
You know, I'm just being obsicious about this. I had
one hundred followers, but I really got nothing because I
(25:57):
don't really do. I don't interact with these people, not
doing anything for them. You know. That's why I don't
care how many followers I have. I don't care how
many people buy my books, you know, I care more
that we can have a face to face conversation, whether
if it's on zoom, you know, because the distance cool,
(26:18):
I get it, but if it's you know, face to
face better. But more importantly, I'm gonna pick up on
what you're not telling me because there's always that read
between the lines, which is now Jeff being lost. We
have to watch out.
Speaker 3 (26:36):
Yeah, no, no, totally, And that's something I've been thinking
a lot about, you know, myself. Having a social media
platform is like how do we bridge that gap between
the online digital world and then physical and in person.
So I think, you know, one of the things that
we're gonna do is we're gonna start having in person
events around the country where you can literally sit there
and you're like, I just insulted this guy last week,
but I'm gonna face him face to face right here.
Maybe I a should kind of shape up a little
(26:56):
bit online, But but I do have a question. In
the live chat from all of our favorite bot putin
Bought Gaming, I said, I have a question for Achilles,
what's the best way to develop skills for the new
micro gig economy and then to promote yourself.
Speaker 4 (27:10):
Yeah it's not an easy answer, but really, what you
have to do at this particular point you get to
ask yourself, where do I want to go direction wise?
You know, what sector do I want to be involved?
Am I going to be in? Technology? You know, obviously
technology is the first thought, you know, cloud computing. Financial,
you know, financial is an excellent sector to be in.
(27:32):
You don't have to be like me, like an advisor,
but the support around you know, it cannot be easily replaced.
But there's a caveat right and I'll tell you why.
In the financial sector, I'll give you for instance, when
I first opened my business twenty three years ago, we
needed staff. We no longer need that. Technology took it over.
(27:59):
So that person, said, who was working just writing new
account numbers because that was their job, right, that person
had to find a new job. Make yourself employable, make
yourself indispensable, maybe not to an employer, but maybe to yourself.
(28:21):
Learn things that not everybody is going after. Learn things
that maybe are not the most in demand. You know, billionaires,
the way they are created, it didn't happen from inventing
something new, Jeff. It happened from taking something that was
(28:42):
pre existing and they met it better, you know. So
that's just one example of what you can do. The
second thing that I think you need to do aside,
you need to feed your head all the time. You
know a lot of people have forgotten about red. We're
on the internet and you're calling that reading. Go back,
(29:07):
read nonfiction, read sci fi, read history, specially history. Jeff.
Let me tell you want to learn all the problems
that we face right now have been faced by generation's
pass So give yourself an opportunity to get ahead by
(29:29):
feeding your head. I tell you I when I first
started my business, I was at Barnes and Nobles, if
you can imagine, you know, back then, and every weekend
the kids would go around and play, and you know,
I'd be there and I would just pick up three
(29:50):
books or two books. I wasn't going to read the
whole thing, but I sure read enough. And I had
my notebook with me. I always carry a notebook with me.
I'm kind of old school like that, but had a notebook,
took down notes, said to myself, why don't I try
to implement that in my life? So I looked at
(30:10):
self help. I looked at motivation. I looked at business.
But more importantly, I looked at fiction. I looked at nonfiction, history,
sci fi, anime, you name it out there. Whatever cultivates
your mind will take you forward. And that way you
don't fall backwards into this stagnant type individual. You can
(30:34):
be so much more. You gotta give yourself a chance.
Speaker 3 (30:37):
Jeff, Yeah, no, no, for sure. And the key is,
you know, constantly improving, finding ways to improve yourself. Like
all of that. Now I want you to give I
want to give you a chance as well. To tell
everybody about you know exactly what you do, and then
how like you can actually be a benefit to you know,
anybody who may be watching this, like, Okay, I need help.
I need to figure out what I'm supposed to be doing,
how I'm supposed to be moving forward in all this crazyess.
(31:01):
How can they get plugged in with you?
Speaker 4 (31:03):
Yeah, well, the best way is you go to our
website www dot lorealwealth dot com. You take a look
at the website there. You know, if you like what
you see, you can reach out to us there you
contact us. Of course, you could also pick up so
you know. We have two new books. My new book
just dropped on Amazon. They're both available on Amazon, so
(31:26):
you just type in my name. The new book is
called Wise Up with Your Money. It is a no nonsense,
common sense approach to being disciplined with your money. It's
something that I teach my clients from the get go. Jeff,
I have a lot of clients who've been with me
since the nineties, and let me tell you, they don't
(31:48):
want to be the plank bearers, as we call them.
They want to just put out the lounge chair and sit.
You do not have to be super educate about finance
to be successful, but you do have to have somebody
in your corner. One of the biggest things I tell
everybody is, you know what, you're taking care of everybody,
(32:12):
especially business owners, but you're taking care of everybody who's
taking care of you financially. I'm the guy who comes
in and takes care of you for the rest of
your life, no matter what happens. I've seen it all calamities, disaster, djure,
(32:33):
Asian contagion. I see at Another thing that I do
for my clients is I make them think about money
or shall we say, eventualities in the future. So you know,
do you need to protect yourself from lawsuits? Do you
(32:54):
need to have that money titled? Differently, do you need
to create a corporation? You know, this is just throwing
it out there, because you know, I had a gentleman
come to me the other day. They decided to go
to another direction. They sure loved my ideas, you know what,
but ideas don't make you money. You know, it's implementation
(33:20):
and execution, and that's where we kind of differentuate ourselves.
You know. Back if you remember Jeff to the financial
crisis back in twenty eight twenty eight all right, everybody
was losing their shirt. Everybody was down big time money
managers and I we were on a call and they
(33:40):
were down forty seven percent year to date, and I said,
I don't need you for that, So I promptly fired
all of them. And I said to myself, you know,
my clients asked me, well, what are we gonna do now? Well,
we're not saying in cash, I'm going to manage your portfolio.
And I went and I fed my head. I learned
(34:01):
more about money management than I knew previously. I had
still had a lot of experience behind me. But while
the SMP was down eighteen percent end of year, we
were flat, and then from that point we were double
digit and we beat the SMP for the last fifteen years.
(34:21):
You know, So you know, it's not about performance. It's
about not losing your head while everybody else is. It
is actually about your relationship. I have very close relationships
over the years with clients, talking with them about the
subject that they don't have time for. Believe it or not,
(34:45):
most of my clients don't have time for the money conversation.
I forced them to have that conversation, and it's a
boon to them because they know that they're going to
have to think about it. They know that Achilles is
going to hold their feet to the fire. You know.
So someone who who's you know, who's the best people
(35:07):
we work with? Well, people who are looking not to
manage their own money, people who are looking to delegate
this responsibility to an individual like myself. What sort of
scenarios tend to work best retirees? When you're retiring, most
(35:29):
people will most advisors won't tell you this, but I will.
Don't spend any you know, huge expense within six months
of retirement. The worst thing you got to do. Why,
because you got to get your head ready. Your head
is not ready for retirement. Jeff. Did you know back
in the fifties and sixties that most people died within
(35:53):
five years of retirement, right, yeah, Yeah, people are living
thirty to forty years retirement and running out of money.
So that's why you shouldn't be making big expenses. Someone
at the second scenario, someone's changing their job or an inheritance.
Once again, look at the football players, look at people
(36:16):
who get these big paydays. To an average worker, this
is the same thing. This is the most money. You
know you're going to ever see in your life. Do
not make any big expenses for eight months, you know why,
because you're not ready. Yeah, all right, go read some books,
and I highly recommend if you want to read about
(36:39):
the type of person you want to be money wise,
read The Millionaire next Door by Stanley. All Right, Thomas Stanley,
that's an excellent book. The other scenarios that where we
lend ourselves pretty well inheritances, lottery with those type of
scenarios where you get all this amazing money, but you know,
(37:03):
the average lottery winner, they're done in four years. They
run out of money. Why because they're psychologically not ready
for that. They don't have anybody in their corner, or
that person in their corner is solely looking out for
their best interests right as a fiduciary, which is a
fancy word in my head. Fiduciary is just a guy
(37:24):
who's watching you not blow yourself up and telling you
you're being for lack of a better word, you're being
a horse is something you know when you are, Yeah,
because without that there's no reality chat kind of like
our government isn't it but just messalonia. But these are
(37:45):
the scenarios where we tend to do really well. You know,
I give a lot of information away on social media.
You know, I don't give the farm away. But if
you're really interested in working with us, I would say
to you, reach out to us. You know, I'll give
you the best number to reach out, which is two
(38:05):
one two three nine zero eight nine one eight. Someone
always picks up, doesn't matter what time of day. And
at the same time, I'm on media like this every
single week. I'm here to give out this information. It's
(38:26):
not so far fetched that in the future, you know,
we're going to have robots trying to replace me. But
at the same time, right now, you don't got that,
and no robot is going to protect you like a
human being who has empathy, who understands your situation, who's
(38:47):
done their homework on you, which is what I do,
is going to do. So I hope you will take
advantage of that, and I hope you will reach out
to us.
Speaker 3 (38:58):
Yeah, no, definitely, And I'll have the phone in the
link to your website and all that kind of stuff
there on the show notes. People can just click on
that and go over there as well. But I really
appreciate you coming on and sharing your knowledge. You know,
I think we need, we as a citing need to
be having more of these kinds of conversations as well
to help people to understand what's actually what's actually going on.
So I really appreciate you taking that time to come on.
Speaker 4 (39:19):
Well, it's my honor and thank you again, Jeff. It
was my pleasure.
Speaker 3 (39:22):
Now, thank you. I appreciate it. Everybody, make sure that
you guys are going over click on his websites in
the show notes, I'll make sure of that as well
as the phone number as well, as well as when
you guys go over to the Apple podcast or Spotify
and you guys are tuning in there, you guys will
have that as well. So make sure you guys are
doing that, and really take control of your own finances
talk to him. Make sure you guys are doing that
as well. Also, make sure you guys are following me
(39:42):
on pickax. Go set up your account today. P c
k a X dot com. Go to pickax dot com
and sign up today. Set up your account for free.
You guys can follow a whole bunch of amazing people
already on there, people like Michelin Fox, people like Daily Cloud,
Children's Health Defense. Make sure that you guys are doing that.
And then we've got some really really really cool announcements
coming up here very very soon, especially relating to the
(40:02):
apps and monetization for content creators all that kind of stuff,
So make sure that you guys are doing that. And
then finally, as well, make sure you guys are going
to checking out our sponsor, My goal Guide. Go to
my goalguide dot com slash Jeff My goalguide dot com
slash Jeff and fill out the form. You guys can
get a free Golden Silver Guide to see if investing
in gold is right for you, So make sure you
guys are checking that out as well. But thank you
guys so much for tuning in. I truly truly appreciate it.
(40:23):
We shall catch you guys next time.
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