Doomsday Dollar: Recent Episodes
Ricky and Mallory C
We are prepers, not for the doomsday, but for our financial future. We are Ricky and Mallory, a married couple with a boat load of kids, a U.S. Army veteran and spouse, we had to learn how to budget at an early age. With a past of financial hardships and strict budgets, we have started a solid financial foundation. We would like to invite you on our walk to financial freedom. Discussions will pan out across different topics like; budgeting, financial history, investing, and general commodity and financial news.
The Fed, politicians, and news networks use terms for these banking failures that most Joes and Josephines aren't too familiar with. Mallory and Ricky decide to dig into these terms to help identify what is going on, and why it is happening.
Resources:
https://www.investopedia.com/terms/c/creditdefaultswap.asp
https://www.investopedia.com/terms/s/shadow-banking-system.asp
https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporationhttps://www.legaldive.com/news/svb-cro-Laura-Izurieta-chief-risk-officer-collapse-silicon-valley-bank-kim-olson/644830/
https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp
https://youtu.be/a1lVOO9Y080
https://www.youtube.com/live/1VqIWWcmPSk?feature=share
Discord: https://discord.gg/J8PBSBKuKA
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Twitter: https://twitter.com/PodcastDollar?s=20
Instagram: https://instagram.com/doomsday_dollar_podcast?igshid=ZjE2NGZiNDQ=
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky discuss the events of the Silicon Valley Bank issue, and how this may effect the market, the economy, and ultimately your financial future.
Resources:https://www.federalreserve.gov/releases/cp/rates.htm
https://www.cnn.com/2020/03/15/economy/federal-reserve/index.html
https://www.wsj.com/articles/silicon-valley-bank-collapse-ceo-management-cb75f147
Discord: https://discord.gg/J8PBSBKuKA
Check out our self made Merch: https://doomsday-dollar.creator-spring.com/listing/doomsday-merch
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky talk about how FIRE Investing works, the different types of FIRE you can follow, and how to be realistic with the expectations of this movement. But before you can live a FIRE lifestyle, you need to value your time and you dollar by doing everything you can to get out of debt. Do not forget to leave a 5 star rating, and subscribe.
Resources:
https://www.nerdwallet.com/article/investing/financial-independence-retire-early
https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
https://www.satista.com
Discord: https://discord.gg/J8PBSBKuKA
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky have decided to talk about the strength of the dollar, something we have all been hearing in the news. As the dollar gets stronger, it will effect the stock market, the petrodollar, and even gold prices.
Resources:
https://youtu.be/DEPcHoHLvGI
https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx
https://www.investopedia.com/terms/p/petrodollars.asp
https://www.investopedia.com/terms/r/rateofreturn.asp
https://www.reuters.com/business/energy/opec-says-chinese-oil-demand-rebound-2023-after-drop-2023-01-17/
https://www.nasdaq.com/market-activity/stocks/sbux/dividend-history
https://www.nasdaq.com/market-activity/stocks/tsla
Discord: https://discord.gg/J8PBSBKuKA
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky talk about the outside contributors to the markets moving. They share some important resources that speak of corruption and investments that they feel their listeners should be aware of. And they would like to let everyone know to subscribe/follow, and rate their very cool podcast!
Resources:
https://www.google.com/finance/quote/BTC-USD?sa=X&ved=2ahUKEwiFxN3PrZ39AhVjnGoFHX7KA28Q-fUHegQIVRAf
https://www.transparency.org/en
https://unusualwhales.com
https://www.popularmechanics.com/science/environment/a42543527/why-is-bill-gates-buying-so-much-farmland/
https://www.reuters.com/markets/wealth/soros-fund-adds-first-horizon-horizon-therapeutics-bond-etf-2023-02-14/
https://www.cnbc.com/amp/2023/02/07/fed-chief-powell-says-the-the-disinflationary-process-has-begun-but-has-a-long-way-to-go.html
https://en.m.wikipedia.org/wiki/Cascade_Investment
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky go into how they have not been using their HSA correctly, and what they have been learning when it comes to this type of Health Care Plan.
Resources:
https://www.nasdaq.com/market-activity/stocks/rio/dividend-history
https://www.nasdaq.com/market-activity/stocks/msft/dividend-history
https://www.investopedia.com/terms/h/hsa.asp
Discord: https://discord.gg/J8PBSBKuKA
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky discuss the slow and productive way to invest your dividends to build for a more profitable future. They also discuss the recent news after the CPI came in lower.
Resources:
https://www.bls.gov/cpi/
https://www.investopedia.com/terms/c/consumerpriceindex.asp#toc-cpi-categories
https://www.nasdaq.com/market-activity/stocks/aapl/dividend-history
https://dividend-calculator.net/calculator
https://www.nasdaq.com/market-activity/funds-and-etfs/govt/dividend-history
Discord: https://discord.gg/J8PBSBKuKA
Check out our self made Merch: https://doomsday-dollar.creator-spring.com/listing/doomsday-merch
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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In this weeks episode, Mallory and Ricky discuss the pros and cons to Money Market Accounts as they attempt to save for a new car. This also leads them into another discussion about bonds, and the different ways they can use their money to make more money.
Resources:https://www.nasdaq.com/market-activity/stocks/o/dividend-history
https://www.nasdaq.com/market-activity/stocks/x/dividend-history
https://www.in2013dollars.com/us/inflation/1965
https://www.officialdata.org/us/stocks/s-p-500/1965
https://www.investopedia.com/ask/answers/041015/what-history-sp-500.asp
https://www.investopedia.com/terms/m/moneymarketaccount.asp
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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In this episode Mallory and Ricky talk about how one may consolidate their debts, the benefits to doing so, and some of the negatives aspects of consolidation. This can be an important talking point while the economy is in a difficult time.
Resources:
https://www.nasdaq.com/market-activity/funds-and-etfs/voo
https://www.nasdaq.com/market-activity/stocks/et/dividend-history
https://www.bankrate.com/mortgages/basics-of-adjustable-rate-mortgages/
https://www.investopedia.com/mortgage/refinance/7-bad-reasons-to-refinance-mortgage/
https://www.foxbusiness.com/economy/why-accountants-quitting.amp
Discord: https://discord.gg/J8PBSBKuKA
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky talk about how they have been managing their credit cards with inflation during the holiday season.
Resources:https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/
https://www.nasdaq.com/market-activity/stocks/hmc/dividend-history
https://www.nasdaq.com/market-activity/stocks/stag
https://www.bloomberg.com/news/videos/2022-12-16/fed-s-mester-says-inflation-is-still-too-high-video
Discord: https://discord.gg/J8PBSBKuKA
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Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky discuss their weekly stock picks, the recent news surrounding the CPI and J. Powell, and the Pros and Cons of trying to invest into the Art Industry.
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Resources:https://www.thewaystowealth.com/reviews/masterworks-review/
https://youtu.be/4MFL6RDfCms
https://medium.com/conscious-paradoxalism/art-and-the-elites-e783ce12eb8b
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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This week Mallory and Ricky talk about a few of their recent stock picks. They also revisit the Railway Strike and the Student Loan Forgiveness issues that have been in the recent news to update listeners on what has been going on and their personal opinions.
Resources:https://www.investopedia.com/congress-plans-stop-railroad-strike-6833895
https://www.nytimes.com/2022/12/01/us/politics/supreme-court-student-loan-forgiveness.html
https://www.nytimes.com/2022/11/10/technology/ftx-binance-crypto-explained.html
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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In this weeks episode, Mallory and Ricky talk about their ability to manage their time, or capacity. When one of them decides that it may be a good idea to get a part time job to bring in more revenue, what else would change with their lives, and how might you need to consider everything around you.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Resources:
https://www.nytimes.com/2022/11/10/technology/ftx-binance-crypto-explained.html
Discord: https://discord.gg/J8PBSBKuKA
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Mallory and Ricky talk about their recent struggles with time and money. How one stopped working and the other had to take a pay-cut. How managing their time has changed the way they have been spending and looking at money.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
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Mallory and Ricky have a discussion about what has been changing in their lives with recent job changes. They also go into how to better yourself, where and how to find value in yourself.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
If you find yourself not finding time to read books, we find that Audible is a great resource for you to catch up on your reading.
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Mallory and Ricky talk about the markets, how their lives have changed since the beginning of the year, and student loan forgiveness. They give basic details, as they may change, and then give their opinions and potential alternative solutions.
We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Resources:
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
https://studentaid.gov/manage-loans/forgiveness-cancellation
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Mallory and Ricky quickly talk about the Feds announcement, they will not stop until the job is done. Ricky also has the great opportunity to talk with a close friend on everything from the transition out of the military, to how powerful working in trades can be.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Resources:
https://fortune.com/2022/08/08/new-home-prices-falling-homebuilders-oversupply/
https://www.forbes.com/sites/nicholasreimann/2022/08/27/energy-emergencies-declared-after-bp-refinery-fire-in-indiana/?sh=4cb78ec35bfa
https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html
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Malory and Ricky discuss some of their opinions on the inflation reduction act, unemployment, and the current world economics. They also bring up some of the new segments they have planned for the near future, and the ones they are currently working on.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Resources:
https://www.bloomberg.com/opinion/articles/2022-08-16/if-the-china-crisis-deepens-a-global-recession-will-be-much-harder-to-avoid
https://www.npr.org/2022/08/11/1116229743/inflation-reduction-act-questions-answered
https://www.schwab.com/system/file/P-8770544
https://riabiz.com/a/2021/8/20/citing-100-increase-in-net-new-assets-charles-schwab-corp-will-give-staff-5-special-pay-raise-that-leaves-one-hr-analyst-doing-a-double-take
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Mallory and Ricky have a conversation of where the Social Security program is currently and where it is headed.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Resources:
https://www.reuters.com/business/autos-transportation/california-regulator-claims-tesla-falsely-advertised-autopilot-full-self-driving-2022-08-05/
https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-consumer-recession-inflation-stock-market-rally-2022-8
Research: The Future Financial Status of the Social Security Program (ssa.gov)
US population by year, race, age, ethnicity, & more | USAFacts
How does the federal government spend its money? | Tax Policy Center
Why Is the U.S. Birth Rate Declining? | PRB
Books we are reading:
Basic Economics: Fifth Edition: https://amzn.to/3dzCr0D
The Creature from Jekyll Island: https://amzn.to/3Qs8SMQ
A History of the United States in Five Crashes: https://amzn.to/3w4zIm4
Crashes and Crisis: Lessons From a History of Financial Disasters: https://amzn.to/3pq6NVK
Audible: https://amzn.to/3QukYoO
MERCH IS HERE: https://doomsday-dollar.creator-spring.com/listing/doomsday-merch
Discord Link: https://discord.gg/J8PBSBKuKA
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Mallory and Ricky have another special guest on the Doomsday Dollar, Erin is a professional working in the advertising industry, and has come onto the podcast to give our listeners an insight into that world. Mallory does a great job of asking the important questions surrounding this industry and how our listeners may use it to promote their own businesses or products.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Books talked about in this weeks podcast:
Hey Whipple, Squeeze This: https://amzn.to/3PckPVs
Propaganda: https://amzn.to/3QbuvRB
As stated in the podcast, you can find these books for cheaper prices, or eve free when using Audible. You can also listen to them anywhere with this link: https://amzn.to/3BR7fUz
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Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
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Everything is not doom and gloom in the markets right now. With companies meeting the all time low expectations that investors have put forth, our markets have been green. Dow this mean we are out of the woods. Ricky and Mallory talk about the things we are doing right, the things that are wrong, and the ugly side of what may come in the near future.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
https://www.nytimes.com/2022/07/24/world/africa/congo-oil-gas-auction.html
https://www.whitehouse.gov/briefing-room/statements-releases/2022/06/06/fact-sheet-president-biden-takes-bold-executive-action-to-spur-domestic-clean-energy-manufacturing/
https://agamerica.com/blog/2022-agricultural-economy/
Books we are currently reading:
The Creature from Jekyll Island: https://amzn.to/3cYTzwh
The Go Giver: https://amzn.to/3QgarwW
A History of the United States in Five Crashes: https://amzn.to/3vEHanQ
We find that these books can be found cheaper or even free using Audible, here is a link to start your Audible today: https://amzn.to/3zvmi3A
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Mallory have a special guest, David Mac, come explain his business journey. Going from the way he grew up in a home that had two alcoholic parents to where he began building and selling businesses. The best part, he is wiling to pay it forward in more that one way. Please stay for the whole interview as there is more than one lesson you can learn!
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Here is the list of the books David brings up in the interview:
Traction by Gino Wickman: https://amzn.to/3cF1zCz
Scaling Up by Verne Harnish: https://amzn.to/3zE6NHX
Think and Grow Rich by Napoleon Hill: https://amzn.to/3z4Fbdl
The Fifth Discipline by Peter Senge: https://amzn.to/3osw0hY
Rich Dad Poor Dad by Robert Kayosaki: https://amzn.to/3BejdXR
The Mission, The Men, and Me by Pete Blaber: https://amzn.to/3b5JwVF
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Mallory and Ricky talk about a few different aspects of the markets and the economy that may change the current sentiment in the markets. They also give their opinion on the changes that may need to be considered to put the economy back on track (not that they are any type of experts).
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else. When we share a link to products and services, those links may be affiliate links. If you click on any of those affiliate links and make a purchase within a certain time frame, we may earn a small commission. This commission is paid by the retailers, at no cost to you.
Mallory mentions a book about the Fed, check it out here using our link:
https://amzn.to/3yRYNkN
If you are having trouble understanding some of the lingo we use, check out this easy to read book called Stock Market 101 here:
https://amzn.to/3RKMr6y
Resources:https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm
https://www.nytimes.com/2022/05/25/business/student-loans-default-forgiveness.html
https://www.yahoo.com/video/stock-market-bottom-120000680.html
https://www.barrons.com/articles/recession-cars-bank-repos-51657316562
https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2021/07/07/twice-as-many-us-renters-fell-behind-on-payments-during-the-pandemic
https://investorplace.com/2022/06/has-the-u-s-stock-market-bottomed-in-2022/
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Mallory and Ricky talk about what they are expecting out of the CPI on July 13th. This is more of a conversation between the two of them in what has been driving the markets and the economy where it has gone, and where it may go. Ricky gives an update on the options play he is currently in.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
Mallory and Ricky have a down to earth talk that branches off from the last episode. This conversation leads us into talking about inflation, politics, the work force, among other economic issues. Keep in mind, we could be completely wrong. We hope you like where this goes. Thanks for listening.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
Ricky and Mallory go into their research of the financial crisis that happened in 2007 and 2008. They discuss the effects that it had on the U.S. economy, the financial system, the stock market, and the housing market. They also discuss how it is effecting our markets today, QE vs. QT, and what they have been doing to protect their investments and their finances.
Resources:
https://www.cbsnews.com/news/aig-takes-85b-rescue-deal-from-fed/
https://www.federalreserve.gov/monetarypolicy/bst_crisisresponse.htm
https://en.wikipedia.org/wiki/Ben_Bernanke
https://www.investopedia.com/terms/c/cdo.asp
https://www.youtube.com/watch?v=QozGSS7QY_U
https://www.youtube.com/watch?v=W-Q9AOp2FW8&t=1557s
https://www.youtube.com/watch?v=T2IaJwkqgPk&t=757s
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
Mallory and Ricky try to explain inflation, stagflation, and hyperinflation in history, and what we see in today's economy. These are things to look out for, not necessarily that they are going to happen. We take a look on what happened to Germany during WWI, and how the aftermath led to even worse times.
Resources:
https://www.investopedia.com/terms/s/stagflation.asp
https://www.investopedia.com/ask/answers/112714/whats-highest-yearoveryear-inflation-rate-history-us.asp
https://www.investopedia.com/terms/h/hyperinflation.asp
https://mashable.com/feature/german-hyperinflation
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
There is now a fuel crisis, not only in the U.S., but around the world, and there are multiple reasons as to why we are seeing these prices. Ricky and Mallory explore some of the other worldly issues that are playing a role in these increases. They also go into the markets, the salary gap vs. inflation, and the inflation/CPI increases from last week.
Resources:
https://www.nrdc.org/stories/what-keystone-pipeline
https://www.oregonlive.com/nation/2022/03/no-gas-prices-are-not-high-because-the-us-shut-down-oil-production.html
https://investorplace.com/2022/06/why-are-gas-prices-so-high/
https://www.eia.gov/finance/markets/crudeoil/
https://www.eia.gov/energyexplained/gasoline/factors-affecting-gasoline-prices.php
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
This episode starts a little different. We started by talking about our day to day life and frustrations. We talk about insurance companies and their consumers. Most importantly we get into life insurance and how important it can be not only to get it, but to get it at an early age. Thank you for listening, don't forget to follow, rate the 5 stars, and check out our Patreon!
Resources:
https://www.forbes.com/advisor/life-insurance/is-life-insurance-taxable/
https://www.investopedia.com/terms/l/lifeinsurance.asp
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
We were thinking about debt, and how best to approach what may be a recession without adding to what you already owe. We jump into the credit system, and the issues it has with younger people trying to borrow. And we go a little into the amount of debt our country is in as a whole. Thank you for listening everyone!
References:https://www.debt.org/advice/good-vs-bad/
https://www.investopedia.com/terms/d/debt.asp
https://www.usgovernmentrevenue.com/current_revenue
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
We fully intended on talking about the housing market as a whole, but things went a little differently. We talk about frustrations as to why maybe some people may not be able to pay for their mortgage due to inflation and interest increases. We hope you like what we talk about, remember 5 star reviews, check out the Patreon, and follow us!
Resources:
https://www.cnn.com/2022/05/16/economy/federal-reserve-interest-rates-recession/index.html
https://www.nerdwallet.com/mortgages/mortgage-rates
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
We have been talking about how volatile the market has been, but the crypto market has been just as bad, if not worse. We figured this would be a good time to talk about our opinions on crypto.
Resources:
https://www.weforum.org/agenda/2022/03/where-is-cryptocurrency-regulation-heading/
https://www.sec.gov/news/press-release/2022-26
https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
This episode is a little different. We had an opportunity to have Ricky's father to come down to Texas from NY. This is a chance to hear about how he grew up and where he learned some of the financial foundations in his life.
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show
Today we are talking about how we seem to be losing all of our money. Recent interest rate hikes, bad earnings season, layoffs, things seem to be moving in an unknown direction. It is, and has been for a long time, to prepare for a volatile time in our economy. We hope that you can take something from this episode.
Resources:
https://www.schwab.com/resource-center/insights/content/market-volatility
https://www.marketwatch.com/investing/index/spx
https://finance.yahoo.com/u/yahoo-finance/watchlists/earnings-miss
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
We have seen some big economic changes, and as a team, we have agreed to go back to the budgeting strategies we had as a young couple. Inflation, birthdays, even just a cup of coffee has become more of a pain in the pocket. In this episode, we talk about what a budget is, who needs to budget, a few things to consider when budgeting, and what we are currently doing to make sure our income is used in the most productive way possible! Make sure you hit the follow button, check out our Patreon, and follow us on the Twitter! Thank you to all Doomers who have been so loyal so far!
Resources:
https://www.ramseysolutions.com/budgeting/the-truth-about-budgeting
https://www.nerdwallet.com/article/finance/what-is-a-budget
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
We wanted to get down to some of the basics of what it means to invest. The two of us have made some simple mistakes, along with some that have cost us big time. This is our chance to tell the Doomers what strategies we now use, and what we look for in an investment that has positive outcomes. You will hear the difference that we have in goals, but we have the same goal, financial independence!
Resources:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/amortization-expenses
https://www.investopedia.com/terms/e/etf.asp
https://www.smartcapitalmind.com/what-is-an-earnings-statement.htm
https://www.investopedia.com/terms/p/price-earningsratio.asp
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
Sounds a bit dry, we know, but this episode is loaded with juicy information. If you are not following what has been going on with the fertilizer trade, this episode could encourage certain investments or ways to spend your money. This could be detrimental to the entire world, especially those who already have food shortages. We hope you enjoy.
Resources:
https://farmdocdaily.illinois.edu/2022/03/war-in-ukraine-and-its-effect-on-fertilizer-exports-to-brazil-and-the-us.html
https://www.iisd.org/articles/insight/overcoming-threats-global-food-systems-russias-invasion-ukraine
https://www.ers.usda.gov/topics/international-markets-u-s-trade/countries-regions/brazil/
https://www.westernpotash.com/about-potash/what-is-potash
https://finance.yahoo.com/quote/MOS/
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
In this episode, we talk about the new and used car markets. We had the great opportunity to talk with a close friend who works as a car salesman, with a reputable company. He shared the ins and outs of what is happening, and what is to come. We also share a few of our own stories, and how we have been generally successful in the car market. We hope you find the information useful.
https://www.fixdapp.com/blog/how-much-does-it-cost-to-replace-spark-plugs/
https://www.zerosum.ai/blog/what-you-can-expect-from-the-used-car-market-2022
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
On this episode of the Doomsday Dollar, we talk about inflation and what is currently going on with the Fed's interest rates. How you might see some similarities to what is happening today and what happened in the 70's and 80's leading to Black Monday. We also discuss what we are doing to prepare for a potential correction or crash due to these events.
Resources:
https://www.investopedia.com/terms/i/inflation.asp
https://www.investopedia.com/ask/answers/042115/what-caused-black-monday-stock-market-crash-1987.asp
https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093
https://www.clevelandfed.org/en/our-research/center-for-inflation-research/inflation-101/why-does-the-fed-care-get-started
https://www.wsj.com/articles/fed-raises-interest-rates-for-first-time-since-2018-11647453603
You can reach us at:
doomsday.dollar@yahoo.com
https://twitter.com/PodcastDollar
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.
Support the show (https://www.patreon.com/doomsdaydollar)
In the very first episode of the Doomsday Dollar, we will be introducing ourselves, what we would call a brief overview, and discussing what we are going to be focusing for our future episodes.
https://twitter.com/PodcastDollar
doomsday.dollar@yahoo.com
Disclaimer: We are not certified financial planners or advisors, nor are we financial analysts, economists, CPAs, accountants, or lawyers. We are not financial professionals through formal education. We are financially competent and conscious managing our family’s money. The contents of this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. We cannot promise that the information shared on the podcast is appropriate for you or anyone else.