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The Money Alchemist Podcast

The Money Alchemist Podcast

著者： Ben Jones & Brent Gargano
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 Join two dudes, Ben and Brent, to discuss current market events and savvy financial strategies to build wealth consistently over time.The Money Alchemist 2023 個人ファイナンス 経済学
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  • The Most Hated Economy: Building a Financial Plan to Thrive in a Divided Market

    The Most Hated Economy: Building a Financial Plan to Thrive in a Divided Market
    2025/08/16
    A war of the classes “It was the best of times, it was the worst of times”, so begins the famous novel Tale of Two Cities written in 1858. Written by Charles Dickens, the motif of duality can easily be applied to our modern economy. Throughout history, the state of mankind can generally be described as fitting someplace between bad and good. The economy is either terrible or great, depending on who you ask. It’s a subjective sentiment check more based on feelings colored by bias rather than material facts. The Michigan Consumer Sentiment survey illustrates that respondents feel worse about our present day economic state as they did in the doldrums of the 2008-09 Great Financial Crisis. The perplexing disparity requires us to unpack layers of independent variables feeding data points like the Consumer Sentiment Index to better understand what is going on. First, it’s important to acknowledge that winners and losers exist concurrently. There is no economic condition in which all market participants are doing well or all are doing poorly. We all function as independent cogs in the machine. Some cogs receive more lubrication than others depending on their positioning in the mechanism. It is undeniable that inflation is the rust deteriorating the function of smaller economic ‘inputs’. Inflation exacerbates wealth disparity as asset prices accrete monetary premiums whilst prices for necessary goods and services devour greater portions of free cash flow. A one-two punch for the middle and lower classes. A big differentiator in 2008-09 is that most felt some degree of pain, even the wealthy. For the first time in many generations, housing prices fell. Stock and fixed income markets fell substantially more than a typical recession. It was a great opportunity for those who played it safe, although many didn’t change their appetite for risk when the time was ripe. Today, the situation is grossly asymmetric. Anyone who has achieved a financial escape velocity, a definition that is subjective but not representative of the majority, is doing quite well. Those living paycheck to paycheck, not so much. In fact, they may be doing worse than ever, relatively speaking. Delinquencies are picking up across the board, with most of the increase concentrated in higher risk loans such as credit card and auto loans. Recent revisions to the BLS establishment survey suggest that lower income earners may not be as well off as initially reported. We tried to contact an external analyst to inform on the matter, however the department was recently sacked as part of a strategic efficiency initiative. I assure you this is an isolated incident that has nothing to do with AI (it is most certainly AI). Yet there has not been any meaningful deterioration in financial markets. It has been quite the opposite with the S&P 500 kissing the 10%+ performance marker so far in 2025. Housing prices have broadly moved higher with Zillow reporting a 0.4% YoY increase. One could conclude that the economy is quite strong when looking solely at asset prices. This then begs the question: does it matter? To financial markets, no. What matters is total spending, not the symmetry of value exchange. To a stockholder, margins matter more than the quantity of widgets the customer receives. It does matter for political and economic stability. Resentment is building with an unknowable tolerance threshold and outcome potential. Do the wealthy usher in a new age of economic dominance, dragging a disgruntled class of serfs like detritus? Or can we expect an upheaval or even a renaissance of egalitarianism? Ben and Brent discuss this matter further and offer their insights on what could be going on, but more importantly, what to do about it. Listen to Episode 38 of The Money Alchemist Podcast to join in on the conversation! _______________ Sources: BLS Employee Situation Summary: https://www.bls.gov/news.release/empsit.nr0.htm Zillow July 31, 2025 National Home Value Report: https://www.zillow.com/home-values/102001/united-states/ JPMorgan Guide to the Markets: https://am.jpmorgan.com/us/en/asset-management/protected/adv/insights/market-insights/guide-to-the-markets/ _______________ About your Hosts Ben Jones, CFP® Managing Director, National Wealth Management Group www.nwmgadvisors.com  Sign up for Ben’s newsletter at www.karastick.com  Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/   __ Brent Gargano, CFP® Founder & Advisor, Infinite Wealth Planning  www.infinitewealthplanning.com linkedin.com/in/brent-gargano-cfp®-2067b573   Comments or questions? Email us at comments@moneyalchemistshow.com ___________________ Editor: Trevor Gargano Email: Trevor@trevorgargano.com LinkedIn: https://www.linkedin.com/in/trevor-gargano-72727b67/ Website: TheDigitalQuarterback.com ______________________...
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    45 分
  • Should Your Advisor Watch CNBC?

    Should Your Advisor Watch CNBC?
    2025/08/02

    News or Noise?

    In our fast-paced, 24/7 news cycle, it can feel like a financial advisor's credibility hinges on keeping up with every daily headline. A tweet from a prominent news host, a new market prediction, or a breaking story from CNBC can make an advisor who isn't up to speed feel discredited.

    The question of whether an advisor should be a news junkie is at the heart of today's episode. Ben and Brent explore their differing approaches to information consumption. Brent keeps the news on in the background, believing it's essential to have a pulse on market sentiment. Ben, on the other hand, believes that tuning out the daily noise is key to long-term strategic thinking.

    About your Hosts

    Ben Jones, CFP®

    Managing Director, National Wealth Management Group

    www.nwmgadvisors.com 

    Sign up for Ben’s newsletter at www.karastick.com 

    Follow him on X @thekaratstick

    https://www.linkedin.com/in/ben-nwmg/

     

    Brent Gargano, CFP®

    Founder & Advisor, Infinite Wealth Planning 

    www.infinitewealthplanning.com

    linkedin.com/in/brent-gargano-cfp®-2067b573

     

    Comments or questions? Email us at comments@moneyalchemistshow.com

    ___________________

    Editor:

    Trevor Gargano

    Email: Trevor@trevorgargano.com

    Linkedin: https://www.linkedin.com/in/trevor-gargano-72727b67/

    Website: TheDigitalQuarterback.com

    ____________________________

    Follow our socials to support the podcast; see extra clips and announcements!

    Instagram: https://www.instagram.com/moneyalchemistpod/

    X: https://twitter.com/moneyalchpod

    Facebook: https://www.facebook.com/profile.php?id=61556458987483

      ___________

    Disclosure:

    Investment advice offered through National Wealth Management Group, LLC.

    Information in this podcast should not be construed as tax advice. Consult with your tax professional for specific advice on your situation.

    The information presented is for educational and informational purposes only and is not intended as a recommendation or specific advice.
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    22 分
  • The One Big Beautiful Bill Act: Tax Changes, Deficit Impact, and Your Financial Plan

    The One Big Beautiful Bill Act: Tax Changes, Deficit Impact, and Your Financial Plan
    2025/07/19
    Some beauty is skin deep. Reinforcing a modern political trend, the One Big Beautiful Bill Act (OBBB) garnered only strict partisan support. Carrying the timbre of our nation’s President, its name either strikes a nerve with unbearable annoyance or tickles the funny bone. A dichotomy to define out times. One many have grown weary of. Now signed into law, few Americans are unaffected by its reach. Even fewer still understand the full scope of its consequences. The CBO estimates $2.4T – 3.3T will be added to the Federal deficit over the next decade while the White House claims a $1.4T deficit reduction over the same period with tariffs. The appropriate way to view such estimates is with extreme suspicion. Like the odds that an astronaut will land a hole-in-one from the wing of the International Space Station. The CBO thinks they can do it. The White House believes the earth and hole will be pulled into the gravity well of the ball. It’s all haruspication. No one accurately forecasted our national debt a decade ago, currently sitting at $37T and counting. Directionally, the CBO’s estimate is probably more correct given strong incentives for policy makers to deficit spend. But who cares about something as banal as the national debt, we want the beautiful eye candy. The OBBB does not disappoint in this aspect, delivering on promises of substantial tax relief for individual taxpayers. This comes as no surprise as it was a major cornerstone of the current administration’s campaign and the necessary showpiece for public support. Some of the major upgrades to the tax code include: Permanent extension of the lower Federal brackets passed as temporary relief for individual taxpayers in the TCJA (2017).Permanent doubling of the standard deduction with a doubling of the inflation adjustment for 2026.Permanent child tax credit of $2,200 per qualifying child (under 17), indexed for inflation.Permanent 20% deduction on Qualified Business Income (199A deduction).Permanently set the Federal estate tax exemption at $15M per individual with an inflation adjustment.Added the “Trump Account” for minors with a $5,000 annual contribution limit and one-time $1,000 Federal government contribution for babies born 2025 – 2028. Added an additional $6,000 per person deduction on top of the standard deduction for taxpayers 65 and older, subject to phase outs.Charitable contributions up to $2,000 (MFJ) can now be taken even if the standard deduction is elected.Temporary tax relief on income earned through tips and overtime from 2026 through 2028 (phased out at $150k Single / $300k MFJ)Temporarily lifted the state and local income tax (SALT) deduction limit to $40k for households with an AGI of $500k or less, reverting to $10k with 1% annual inflation adjustment in 2030. There are more obscure updates made to the tax code in the 800+ page bill signed into law, but we’ve covered the highlights. Much of it is still being digested by tax and legal firms and/or requires clarification from the IRS. While we love eye candy, the beautification process is both complex and painstaking. A principal that holds true in the application of this legislation. All the ‘beautiful’ parts of the law require effort and guess who gets to apply the makeup? You. True to form, policy makers have further complicated an already convoluted tax code. The real winners are financial planners and full-service CPA firms, although the net effect is lower taxation across the board for most taxpayers. So much for simplifying the tax code. To offset the projected cuts in tax revenue, lawmakers looked to niche tax increases and spending cuts, specifically in Medicaid. We need not cover one obvious source of additional tax revenue in 2025, tariffs, but other tax increases were included in the final Bill. For one, many university endowments will see their net investment income tax climb from 1.4% to as high as 8%. Still lower than personal tax rates but an increase, nonetheless. Second, AMT provisions were adjusted that will slightly increase the number of Americans subject to Alternative Minimum Tax. Chances are it will not affect you unless a significant portion of your compensation comes from ISOs. The ugly part of the legislation were the necessary cuts to welfare programs, Medicaid in particular. It’s important to not conflate Medicaid with Medicare. The two programs may share 6 out of 8 letters but are very different. There are no cuts to Medicare or Social Security as part of the OBBB, which are the programs many retirees depend on. The same is not true for Medicaid, which is the socially subsidized health insurance program for qualifying individuals living in the US. Qualification status varies by state given each manages their Medicaid programs separately using Federal funding. The OBBB establishes more strict qualification criteria than currently exist in most ...
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    1 時間 7 分
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