886: Is Your Money Safe? | 3 Money Moves to Make Before the Economy CRASHES

Brian Nichols  0:17  
Instead of focusing on winning arguments, we're teaching the basic fundamentals of sales and marketing and how we can use them to win in the world of politics, teaching you how to meet people where they're at on the issues they care about. Welcome to The Brian Nichols Show. Well, hey there, folks, Brian Nichols here on The Brian Nichols Show. Thank you for joining us on of course, another fun filled episode. I am as always your humble host joining you from our lovely cardio miracle Studios here in sunny Eastern Indiana. The Brian Nichols Show is powered by our phenomenal sponsors like amp America, folks, you need to make sure you're not supporting the corporate media all their bias all their fluff. They don't deserve it. You know, who does we do over amp America had to amp america.com We have news articles, opinion pieces, podcasts and more. Get the news you need to know without the corporate media bias or fluff one more time, amp america.com. Also The Brian Nichols Show and yours truly powered by our phenomenal studio sponsor, cardio miracle. Now, folks, I've been using cardio miracle for about a year and a half now. And you've heard the results they are in cardio miracle is in fact the best heart health supplement in the world, bar none. No questions asked. I'm living proof of it. Because I have watched as my resting heart rate has plummeted. I've watched as that blood pressure has plummeted. Meanwhile, I've had much better night's of sleep plus the pump at the gym, chef's kiss. So if you want to learn more about cardio miracle Stick around, we're going to talk more about that later in the episode or just head to cargo miracle.com. Use code TB and S for checkout for a special discount applied again, more later. But first, we have a returning guest joining us here on the show today. And I thought you know it's important now that we've had a little bit of a change in the election to start talking about possible outcomes. What's that change that happened? Brian? Oh, I don't know. Joe Biden decided that he needed to go back to the retirement home and call it a career. probably call it a life if we're going to be very transparent, honest today. So who's taking his place? Well, none other than his wonderful vice president Kamala Harris. So that leads us to a lot of question marks as we head down towards the the last few months here of the election, Kamala Harris versus Donald Trump. Now we've talked about what the likely outcomes would be if Donald Trump were to win his second non consecutive term, but really haven't dug into what would happen if Kamala Harris decided to go ahead and win this election because you know, with things could happen, so let's talk about that. And specifically, what should you do if you find yourself sitting there saying, oh, Kamala, she's here. Yeah. What should you do with your financials? Let's talk about that all and more returning here to The Brian Nichols Show from iron Hawk financial Joe llama, Bharti Welcome back to the show how you doing my suit my book my favorite Dallas Cowboys fan out on the East Coast what's new man?

Joseph Lombardi  3:13  
Man just life is life is beautiful man just growing on all all levels spiritual, physical, mental, emotionally, financially, it's a great time to be aware of, you know, your your five persons in existing and then actually taking action. It's, it's, it's great man life. Life is amazing. Right now, I really can't complain about anything, which is good. Good place to be

Brian Nichols  3:39  
due Joe, you're as humble as ever. The guy the guy just launched a show a month ago. And he's already getting over 100,000 listeners in one month's time. Joe let I'm gonna take off my humble cat four. Are you on your behalf? Tell us about the new show. What are you talking about with folks that they're so interested that they're tuning in? Literally in the hundreds of 1000s?

Joseph Lombardi  4:01  
Yeah, I mean, money talk with iron Hawk is on everything. Spotify, that's

Brian Nichols  4:06  
a great name, by the way money talk with iron dog. That's great.

Joseph Lombardi  4:09  
Yeah, you know, I just wanted something catchy. It's got my co host Eliza. You know, she's a older, more slower, less energetic person who's very wise and I'm very energetic and you know, screw the government or slaving you What the hell are you doing? And so it's a great, great dynamics on the brushwood Media Group, but it's can be found on all social platforms and all podcast platforms and radios. So yeah, it's we're bringing in the Secret Service guys that were with Trump and Biden. We're bringing in certified financial planners we're bringing in a state attorneys have one coming on my show. Not Not tonight. It airs tonight at seven. But the following week, I just had a an accountant that's been on doing it for over 40 years who actually understands taxes and says is different your money is the most dumbest thing you can do. And I was like, Oh, if you want to have here a fun and exciting show, it airs seven o'clock Eastern today, but it's, it's called Great great great minds think alike. I was very impressed with the name they named our show but yeah, it's it's fun man it's just trying to get the information out that we're all cattle are all getting screwed by the government, they don't give a crap about you and the steps you could take to save yourself millions of dollars in taxes. Do what the ultra wealthy do get double digit returns can't lose to proof. You know, you want to do with the sheep deal, you're gonna you know, get slaughtered you wanna do with the wolf still, you're gonna eat really well. And that's what my clients have been getting for the last 21 years, over 2000 of them and over $2 billion of protection and rollover since I started so it's life is good man. Can't complain just now I have the time to grow and it's got a personal trainer just joined the gym, you know, gotta gotta have health and wealth can't just have the wealth. So that's that's what I'm focusing on. But yeah, it's, I can't complain. It's an amazing, amazing time in my life right now. I just turned 40 last week and grab life by the horns and ride this thing all the way baby,

Brian Nichols  6:19  
as long as you're grabbing it by the horns and not by the balls. Well, so Joe, things have been going great, right? Everybody's feeling pretty good right now. Yeah, Donald Trump was looking like he was on a straight course towards the White House. He's back. Now granted, I've confessed you in the show. I'm a little ambivalent in terms of who I'm voting for him and Indiana. I know Trump's gonna win my state. So he's done some stuff that I'm on. But now I look right. And here's elephant in the room, Joe. It's no longer Joe, just no longer Joe Biden, who's leading that Democratic ticket. And I am much more apprehensive as the idea of not a Donald Trump presidency, but rather a continuation if not an acceleration of what we've seen over the past four failed years. And that is now Kamala Harris taking the reins from Joe Biden, let's be real. The reins were ripped out of his hands. Apparently, the rumor is that the Obama administration, the Obama administration, Obama, President Obama called Biden was like, hey there, Joe, just to give you a heads up, we're gonna do the 25th Amendment if you don't pull out so we better get to it because we're gonna go ahead and back Come on. And Joe was like, what, and that's what happened that the rug got ripped out. That's all the, you know, vaccines reporting that we've been hearing about. So here we are Joe Kamala Harris, she's leading the ticket. And there's, whether it's real or it's contrived. There's a lot of energy behind her. I see a lot of my friends who they were looking at Biden, and they were ready to throw up in their mouths at the idea of walking into the voting booth to cast their ballot for Joe Biden. Now they are doing somersaults back handsprings, some of them if the idea of walking in and voting for Kamala, she's so great. Oh, she's the best. And she loves school buses and Venn diagrams, apparently. And she unburdens all that we have been. But Joe, there is then the other question, what if she wins? What happens to us? And frankly, what should we do to prepare? So do me a favor, let's let's set the stage here. Give us a crash course in terms of like econ 101, from a perspective of if Trump wins versus if Comala Hinze. What is the difference there? But then, and this might be a secondary question for later in the episode, you want to tackle it in the first conversation, go for it. But what should we do to prepare? God forbid? Kamala Harris were in fact to win this election. So Joe, I'll let you take over here. So let's first paint this picture. Trump. Harris. What are the just blinking red lights of difference?

Joseph Lombardi  8:59  
Well, it's a lot.

Brian Nichols  9:00  
It's a lot of blinking red lights is what you're saying. If

Joseph Lombardi  9:04  
the giggler of Gotham City wins the presidency, I mean, it would be under Biden. That's up 47%. Under Biden, our US dollar has dropped 26% value. Under Biden, the American Dream is dead under Biden gas. I mean, I take super because I drive really exotic fast cars that have like 600 horsepower. So gas is over $5 for the super I mean, it's, it's it's you know, luckily I have been working my butt off for 80 hours a week for last 21 years building this business. So you know, the increase in affect me as much but it's, it's I'm seeing it I'm seeing it from the average American they are struggling to pay rent. They're struggling to keep food on the table. They're struggling to, you know, keep gas in their car for their cell phone bills. Um, the party that supposedly is supposed to be for the people that the demon rats are also known as Democrats, they don't give a crap about you, they just want power. They don't they don't care that you know, it's and again, I'm not saying I'm saying Republicans are the best thing since sliced bread, the rhino Republicans are trash, they need to go, you know, we need people care about us we need blue collar positions we you know, middle class runs this entire world. And then you have the middle class that extract from the poor. And the whole thing is set up in classes. And the funny thing is the Republicans hated white big government and then Democrats used to hate white corporations and corporations are owned by the big governments we hate the same thing. But now it's like, the Democrats are like, yeah, they're going satanic. I mean, look at the look at the Olympic. You know, opener. I mean, Satan was everywhere. The seven horns, go to concerts, which is a big earthquake at Travis Scott concert with their chant and you know, get rid of get rid of Jesus. It's our world is like, the devil just doesn't care anymore. He doesn't. He's like, no more subliminal messages. We're just gonna do it right in front of you. And what the heck you gonna do about it peasants? By the

Brian Nichols  11:20  
way, Joe, I did see a quote this. Are you referring to the Olympic ceremonies, the opening ceremonies here, I saw a quote. And I think this hammers home where I'm at it says, you know, for a while. And by the way, I am a pastor's kid. I had just much like most pastor kids, I had a brief period of being agnostic, because I was like, I gotta I gotta confirm what I grew up learning is real. But then I saw this post. And the post was, I used to question whether or not Jesus was real, then I saw the other side, acknowledge that Jesus is real, and that they hate him. And that made me more of a Christian than simply believing. And that right there, I think you're you're touching on something that lots of folks are seeing. And that is, the veil has been lifted. The folks who traditionally were working behind the scenes that lesson folks, I don't care if you're if you believe in angels and demons, if you think they're aliens, if you think they're ghosts, I think we all acknowledge that there is things that we simply cannot put into words, there are things we cannot understand us are our little you know, flesh and blood human bodies and our little contrived existence that we've built here on this planet, there are so many forces that we cannot even begin to fathom. And one of those right there is really starting to rear its ugly head. And that is pretty much the unmistakable battle between good versus evil. And you see it right now on display, there are entertainers proudly wearing devil horns and using demonic imagery. Now, listen, I don't like if you want to do that. And you're saying that's for self expression. Okay, that's one argument. But everybody all at once, in the exact same way. It feels gross, and something's definitely happening. So that's where I'm at Joe, by the way, I think you're spot on. Shifts getting real. So continue. Sorry.

Joseph Lombardi  13:16  
No, it's, it's, it goes deeper that you know, like I said, I'm awakening to the fact that I have five different, you know, health meters for my whole career. It was just money, money, money, get my money up. I have three kids, my wife doesn't work. I gotta get a bigger house. We need a bigger car to transport everybody got dance, gymnastics, sports, you know, basketball, lacrosse, football, winter football, vacations, updating, you know, it was just, I just spent all my time in the financial like, as all my time finding IRS codes, how to save money, how to build legal tax free pensions, how to use option contracts, you know, legally, and how to do every revocable trusts and estate planning and all this fun stuff that everybody's so excited to hear about. But, but it's really important, you know, and then when you open up your yourself to all these other things, and you see what's really going on in this world. You know, it's really sad. And, you know, even though my expertise on finance, and I think if commodity gets in there, it's going to be its shell, if you know what I mean. It's going to really cripple us. World War Three would would would look like an appetizer to what was what would happen. Under Trump. We had peace under Trump. We had no war under Trump. Our adversaries were decimated. We didn't we didn't fly over billions of dollars and drop them over and say here you go, guys. Now now keep murdering each other because we like to sacrifice to our Lord Satan. That that the people that are in power they do they take our tax dollars, they build bombs, they kill women and children and we were like, Yeah, government. It's crazy. I love my country, but we don't have a country we don't have borders. That's the definition of a freaking Country. So if you really understand where we're at right now it's complete turmoil. And I think we're splitting into the fourth dimension and the third dimension and people that are negative low vibrational going to stay in the third dimension. I think that dimension Trump got killed. I think in our dimension, the vibrational dimension, people are waking up to what's really going on and what's important. What's important is nucular family. What's important is friends, what's important is health. What's important is less stress, less suffering, not instant gratification, building something leaving legacies. It's so important on so many levels on the financial end, yeah, I can help your listeners I would love to know and I can give them strategies on how to build legal tax free accounts. I've been averaging 15% compounding tax free over the last 15 years. You can't lose. It doesn't exist. Lawsuits, its divorce proof in some States has long term care, the biggest issue to Americans net worth over the next 40 years is going to be long term care, sucking away people's empires of money that they've saved over decades. Because all that money's taxable, all that money is illiquid, or that money is what's called Hard money, and qualified money. And so it's so important to diversify those things. And I believe a presidency under Trump and my prediction is Trump gets in. But also my prediction is they crash the economy and blame Trump. Because I think our economy has been on stilts, I think our economy has been

Brian Nichols  16:33  
over leveraged just like you can, you can only run 0% interest rates for so long, until it comes back to bite you.

Joseph Lombardi  16:39  
I mean, silver should be like $1,200 an ounce, it's 20 bucks, gold should be you know, 20,000 an ounce, it's like 3500 or something. So if they suppress the value of precious metal so that they can make all the money on the Apple products, the iPhones, the iPads, they can make money on Tesla, all the all the electric vehicles have gold and silver and platinum in their in their batteries in their chips. You know, so if you understand how the economic game works, which unfortunately a lot of Americans don't, because we're trained to be monkeys in finance in school, because they want to take advantage of you. A dumb person is easily enslaved and a smart person. So they want you smart enough to work and dumb enough to extort all your labor without you really understanding what's going on or asking questions. So it's it's if commodity gets in, it's I'm not saying the world is going to fall because you know, one person doesn't dictate a nation. But it's kind of be bad. A lot of the people that that understand economics, they understand global relationships, they understand how power is used as control, look at a police officer. If some giggling woman and a police who came up to you and was like, ha ha, you're under arrest. You wouldn't take that as serious as if like, a man comes is like, Hey, you're under arrest. It's it's just the optics of the world stage is gone. I mean, we already look weak. We have a guy who can't even walk upstairs, we have a guy doesn't know where he is. We have a guy who came and speak English. And that's his first language. You know, and it's just really sad. And all these other countries are like America, those are weak as heck. And it's all by design. We America is a snake's head, we have the Constitution, we have guns, there's more guns, and then then citizens will find me another country where that's the case. I'll wait. So we we are the last bit of freedom. I mean, look at Venezuela, you know, they were the number two powerhouse 92. And then by 2017, they were slaughtering their own people after they disarmed them. So if we, we have to stay stay strong, there could be a civil war. I don't understand how there hasn't been so far. The DNC convention is coming up next month, and there's a lot of people prophesizing there's going to be an explosion and some stuff going on. And it's not looking good. You know, I'm after this I'm going to BJs and I've been stocking up a lot on toilet paper and waters and like 2000 bottles of water,

Brian Nichols  19:16  
you'll learn from COVID A there, Joe? Yeah, it's

Joseph Lombardi  19:19  
it's funny and everything, but it's like, I'd rather be prepared and not need it than need it and not have it. You know, it's that's why you carry I carry my gun around. Same thing. It's, it's so important. You know, that's why insurance is important. It's why retirements important? You know, the whole thought process of not saving for retirement is oh, I'm gonna live my best life YOLO baby, and kid who cares about my future self? Well, if you're if you're lucky enough to live whichever 90 High 90% chance like 99% chance of making it to at least 50 or 60. And you're not saving you're not building I mean, you're living by the seat of your pants. It's it's not a fun life. It's like if, if you had to go from California, I'm in Connecticut. So if I had to go from Connecticut to California, my gonna hop in my car, and just go, don't book anything. Don't plan anything. Don't check my AAA, don't check my tire pressure, don't price out. Different hotels don't see what cool things I see along the way. Well, that's what Americans do with their finances. Every single day, they just hop in the car, whatever happens happens, and then they start to go fund me pages, Oh, I lost my job. Oh, you know, my grandmother died, all my spouse got sick, oh, my kid got sick. And it's like, you'd have a plan. You didn't, you didn't have anything. And it's like you. We're all God's children. We're all we're all made equal. I'm not better than any of your listeners. I just, you know, I actually cared about the gift that God gave me the money. The money I earn is because of the gifts that God gave me. I don't recall building myself as a man, I don't recall building myself as white. I don't recall building myself being born to Joe and Nancy. I don't recall any of the thing that happened in my life. But I make the best of what I have. I wasn't born into money. I wasn't born into any type of privilege. I actually live in the attic with no running water for years after my parents divorced. And it's like, I'm nothing special. And I was able to work my butt off and get where I needed to go and build a seven figure estate and retire my wife at 24 and raise three kids. And it is I think the media, what they do is they fill you with fear, they fill you with doubt they feel you that you can't do it that you need them. The minute that we don't need the government, they lose all their power. So what they do is they create these extreme situations we know COVID was released on us. And it wasn't a bat. That's something I bet its head off in a market. It was a lab that they construed this disease that killed over half a million Americans. And people are just Uber's go to Burger. Let me let me let me believe Fauci and let me let me let me believe Bill Gates, I'll take a jab. Oh, yeah, sure I have my government would do nothing. How not to get that job. Either. Did my kids are my wife. So it's so important to be not lazy. And this and this, this country in this environment just breeds laziness? Yeah. And lazy. People are easily manipulated, easy, lazy, people don't care, you don't care gonna be taken advantage of if you care, you're going to stand up for what's right. You're not going to let them have all this evil. The fact that the opening ceremonies of the Olympics had had nothing but devil imagery, and people are just like, oh, it's cool. It's like, No, it's not. It

Brian Nichols  22:36  
was actually Greek mythology. Joe, I've heard that 500 times. Yeah,

Joseph Lombardi  22:40  
seven horns. Yeah, the Statue of Liberty is a dude. It's not a woman. She has chains or he has chains on his leg just like Lucifer. And they have all this imagery, and they just subconsciously give you negative thoughts, deaths, killings, carjackings, rapes, so that you live in complete fear. If you are scared, you cannot fight. That's the whole point. And it's not just on the mental level. It's on the spiritual level. It's on the emotional level. It's on the physical level, it's on the financial level. You have to care about yourself and you have to do it what is needed to become a better human. You know, it's it's, it's if we're God's children, and you honestly believe that like I do, what did children grow up to be? Well, adults? Well, what did God's children grow up to be Gods. So if you understand that you have the god power inside of you, and you can take control of your finances, you can get a budget, you can care about your money, you could take 10 20% of your money put it away for later reinvest it buy assets while you're working, buy real estate, have a have your own bank, buy an IUL and indexed universal life policy. Protect your family like do it like your 90% of your listeners probably buy junk on on at 11 o'clock at night just scrolling on their phone. Oh, let me buy

Brian Nichols  24:02  
that told me to do it. Yes to Graham. It's their

Joseph Lombardi  24:06  
fault. I have no no accountability. That's a big problem in our country to the lack of accountability for anything and giving him the mental disorder as as a as a normal way to live. I mean, I can go on and on but I mean, come Oliver's Trump, your listeners now. It's if Trump gets in we're gonna have a way better situation. Yes, it's gonna crash the economy. Yes. They're gonna say Orange Man bad. Yes, there's gonna be NASDAQ, s&p, you know, on the bottom of the screen that with red just like they had the death toll when Trump every time Trump talked but then when Biden came in, obviously, the death toll disappeared like the next day it was on no major stations that told us so I think they're going to do that. I think their biggest concern is to eliminate Trump but more importantly, the biggest concern is to eliminate the Magga movement. And the best way to get rid of the Magga movement which what is The macro movement, right it to me, it's independence, it's family, it's, you get what you earn, you eat what you kill, it's up to you. The power is with the people, it's not with the government. It's taking accountability for your life, whether you're overweight, whether you're poor, whether whether you don't, you're not good with the other, you know, gender or, or, you know, person you want to make your spouse and, and you want to make excuses for what you have. It's, it's not going to benefit anybody, it's not going to benefit anything, it's just going to make you not learn and continue doing the same thing over and over, which is his definition of insanity. If you expect different results than I could speak financially, you have to do something about it.

Brian Nichols  25:43  
I was gonna say, embro, you're hitting the nail on the head with that, like we've talked about this many times in the show, like you keep doing the same thing. Of course, you're gonna keep getting the same results, like I used to weigh 385 pounds. And guess what if I kept eating the amount of food I was eating, I was gonna probably weighed the same if not more, until I did something different. I changed my diet, I changed my my physical activity, I started exercising or going outside and walking like, oh, all of a sudden I started losing weight. Amazing how that happens. But also one thing I want to go back to. And this is something I've heard a lot like, and it goes back to the the narrative of the well, it's the worst, or it's the most important election of our lifetime. And we've all heard that over generations at this point, it feels Joe right. But this feels like it's different. And to the folks are like, Oh, because what America is gonna cease to be America in four years. I need to not just turn a quick like 160 degrees, I guess to our south, and look in Venezuela. Now back in February of 2019. Five years ago on my Show, Episode 56. Wow. 56 That's crazy. We're at 100 and like 86 today. So episode 56. I had actually as a classmate of mine, her name is Hilary Andalus. Aguilar on the show. And we talked about the tragedy in Venezuela. Not because she's like a foreign policy expert or anything like that. No, because she she grew up there. And she got to see firsthand a country of prosperity, a country of promise, a country of hope. Like that. Just gone, gone, completely gone. And now we see where they are today trying to fight back and get their country back. But don't look at me and say it can't happen. Here. It can it happened just south of us. And the only reason it hasn't happened here is because we have been the leading economic and military superpower in the world for 50 6070 years at this point, 70 years now, at this point, wow, time is the son of a bitch. And yet what's happening, we're losing our foothold. We're losing our role on the global stage. Now, as a libertarian, I say, Well, maybe we shouldn't necessarily go out and lead as the world policeman. But I still believe we should speak softly. But definitely carry that big stick right and be a leader, being a leader requires you to actually I don't know, lead. And America is taking a backseat we aren't leading doesn't mean we have to bully people. But you can still lead, you can still show the way that we should go and set that example. And the way we've done we've done the exact opposite. We're 34 $35 trillion in debt now to a country who's in debt of trillions of dollars to other countries. It's a Ponzi scheme we've built and we've been we really benefited as a country from this Ponzi scheme. But now it's time to pay the piper. And I think we're at a point now where to your point, they can try to sugarcoat this with Kamala, and make it a softer landing, or Trump wins. And they're going to crash as much as they can and then point the finger and blame him. So I guess I say all that joy, I'm not trying to doom and gloom because to your point, you're right. Fear is the controlling tool that the media has used for propaganda, they like to use the fear that doom and gloom it scares us when you're scared. You don't make the greatest decisions. So in that perspective, though, I don't want our audience to be scared. I want our audience to be prepared. So what are just some, you know, I know we're getting hard pressed for time here, but like, what are some of the the like basic things I say like three basic things, your average person who by the way, you're 100%, right? We are financial monkeys, we didn't learn this stuff in school. As a matter of fact, it's almost like it was intended for us not to learn this in school. So like, give the financial monkeys, myself included. The basics, like give us three things we can do right now to put ourselves in a better position regardless of who ends up in the White House come January 2025.

Joseph Lombardi  29:48  
Yes, so number one is very, very simple, is make a budget. If you don't tell your dollars what to do, your dollars will tell You want to do and it won't be anything productive. It'll be anxiety fear, boredom, will tell your dollars what to do whether it's buying random crap you don't need whether it's gambling. You know, we have DraftKings and FanDuel grown everywhere handsome on all the DraftKings commercials because I was a big gambler. I'm gonna show you my win loss. I think it was like cable to $11 million. And yeah, yeah, it was done. It was done. I can prove it. But yeah, you know, I'm on day 135. Right now I gave that crap up. For you,

Brian Nichols  30:34  
brother. By the way. I'm three years sober as of end of July. So we're doing good work. Yeah, you got

Joseph Lombardi  30:38  
to start somewhere to have a better life. So number one is have a budget. You know, it's it's a, you have to live with purpose. Right? You have to have a direction. So having a budget is going to say, I spent X amount of money on ABCDE, F, G, maybe I don't need D, E, F, G. And now you're just freed up $500 a month? What can I do with that? Well, you can put it in a retirement account, you can put it in an investment account, you can use it to make your health better. gym membership. You know, I just joined a gym with a personal trainer and I started on Friday, you know, I'm already down 12 pounds on my own, but I'm not going to get to where I want to go on my own. I need help. Like, people look out for me for help. financially. It's, it's, it's very important to have a budget number one period and to discuss you don't have a budget, you're not going to end up anywhere you no good unless you make crazy money. I mean, that's how I survived. I just I made stupid money. And I did not take care of it. I've lost millions, whether it's gambling, buying stupid stuff, not filing my taxes, because I was lazy. Daily charges were like $1,000 a day even I had the money. I just didn't files, you know, whatever. And you just do the stupid things. And it causes the long term effect of like $1,000, like over 20 years is the difference of like 15 grand 20 years from now. Then if you multiply the taxes like people use 401, Ks and IRAs like step number two, do not invest in qualified money. What is qualified money, Joe? It's any money where the government is giving you a freebie. There's no free lunches. By the way. The government says, Hey, Brian, if you put away $15,000 into your 401k, we'll take $5,000 off your taxes this year. And you're thinking you're saving something, but you're not. Because that's that $15,000 You put away over 20 years is going to grow with just inflation. Even if you have an incompetent advisor, which 90% of people don't do they have target funds, that an average of two 3% Good job when inflation is running at seven, they're losing yourself 5% on your money and Wall Street's stealing all your money and fees and the government's stealing all your money in taxes. Great job. So number one, get a budget number two is do not invest in qualified money to invest in non qualified money. Well, what's non qualified money? Roth IRAs, municipal bonds, indexed universal life policies Whole Life policies have something that the government can't touch, have something that the Wall Street can't touch, have something that can't lose, because they use option contracts, or have something where you can't lose because you're getting dividends and a whole life plan. Hey, Joe,

Brian Nichols  33:23  
this is a stupid question. And all

Unknown Speaker  33:25  
too much lunches.

Brian Nichols  33:26  
Where do you where do you find those though?

Joseph Lombardi  33:29  
Well, there's a you know, where

Brian Nichols  33:31  
do I start? You know what I mean? Like that's it here. You're suggesting they're like, Okay, do that do that? Where when? How who like, what do

Joseph Lombardi  33:39  
you do? Your listeners can reach out to me I can build them custom plans. It takes me half an hour. It's not hard name, date of birth, health rating, how much you want to put away I'll build a custom plan, email it to you for review. It's pretty simple. There's a lot of advisors out there a lot of them work for companies. So if you decide to do that strategy, you want to find a broker you want to find an independent agent like I am. My allegiance is to my clients. Most when I say most over 90% of a of financial advisors, financial planners CFPs age, wherever the hell they call themselves, their allegiances to the company they work for. And I used to work in Wall Street for MetLife in New York City. And guess what I sold I sold MetLife auto MetLife home MetLife annuities MetLife Long Term Care MetLife life insurance MetLife 401k Were they the best in one of those, they weren't the best in any of them. But I was trained to sell that by who my sales manager who gets what a cut off of all the MetLife business I sell. So they trained me to sell an inferior product. And I didn't know better I thought okay, this is how it works down here. I don't I don't know. But after 21 years, you'll learn a lot and there's a lot in this industry that you can be taken advantage of. So you have to be very careful you build it the right way with the right carrier with the right riders the right structure with the right death benefit over funding and given the ability to flex To build, it's not as simple as like, give me a million dollar whole life plan. And I'm fine. Because if three years down the road, you can't afford it, it's gone. And then so I just threw away 30 grand and got 10 back. Woohoo. Great job, Joe. Thanks. And then then you have the IUL is right, well, the cost keeps going up every year. So you got to build it a lower cost or keep the death benefit same and you have to find what you're supposed to but also gives you the ability to reduce and it gives you ability to put more in it's not such a rigid contract like whole life is which is really made for super wealthy people. It was made for more than middle class. So if you if you need to understand that so number one, get a budget number two is stop investing in qualified money and start building non qualified money immediately. We owe 34 point 9 trillion in debt, we owe 217 trillion in US unfunded liability. 40 trillion was stolen from Medicare 27 trillion was stolen from Social Security. Okay, so every American owes $2 million to the Federal Reserve to wipe our debt clean to zero 2 million. We're not ever gonna get that. So they have two choices either hyperinflation, Venezuela, or increased taxation Canada and Switzerland. That's our only options right now. Especially if we don't maintain our superpower when the President who can't even speak English can't walk upstairs and doesn't know where he is followed by another president of Comala gets and who has zero accomplishments was not voted in by anybody to to be the nominee. The giggler of Gotham City is going to destroy our country, right? So number one, budget number two, stop investing in qualified money. Number three, very simply, on a financial side only. Okay, so we can get into guns, ammo, water, meat, food, rations, fire plan, have buddies that are like minded that maybe one as land one as weapons, one has food, have a fire plan to say if shit hits the fan, excuse my French might bleep that out. But if it hits the fan, then you want to have a plan to say, Okay, we're going to Todd's house. Todd's got the land, and he's got the fence and I'm gonna bring the food. You know, Sarah is going to bring the guns, Melissa is going to bring the farming equipment we need to big gardens and because, you know, again, I'm not trying to fear monger, but I rather have a plan, you know, than than not. But if I had to talk about financial, the third strategy is stop being so obsessed with asset it type of, of of wealth, and be more concerned about income type of wealth. Well, what does that mean? Well, perfect example, I have a client who buys and sells land, right? Like cool, it's valuable buy and sell gold and silver. Cool. It's valuable. But there's there's no income to that. There's no income, the land has no income to gold and silver, you have to try and arbitrage and sell it at the right time you have a liability on your hand, not an asset. Okay, so what is an income type of asset? Well, that's going to be fixed income annuities, that's going to be life insurance plans that have a GL IR guaranteed lifetime income rider that's going to be you know, work and a second job. Stop being so lazy. use that extra money to grow your wealth and not your assets, but your income producing assets. Right, I had a client that had a half a million in gold, silver, and I'm like, What the hell are you doing? Like, why? Oh, it makes me feel good. And I tell him I've been my friend Bobby, this rare gold Eagle head. I have us who gives a crap. So she trading Pokemon cards. So you have your Pokemon card collection? Awesome. What are you making any money on it? It goes up in value. And that really?

Brian Nichols  38:48  
Sounds like me. And my chars are when I was 10.

Joseph Lombardi  38:51  
I'm like, what do you what do you How are you doing? And it's all the guy on TV. He says, I also mean salsa. It's rare. So it was so rare. Why is there 30 People saw it on TV? What's your games on it? Oh, well, I actually don't hold it, it's in an IRA and, and then it keeps growing. And I'm paying this guy a fee to hold my gold and silver. So let me get this straight. You're paying a fee to get in, you're paying a fee to hold it. And sometimes not all the time paying a fee to get out of it. But it's called it's so first ever. I'm like dude, like you're brainwashed. You're not making any money, you're gonna get nothing. Inflation is eating away all your profits you're earning enough? Well, it's a good store of value and like so as buying 1000 rolls of toilet paper, it's pretty good store value is gonna wipe the butt doesn't mean you're making any money with it. So it's like you have to take the time that you earn, right and find a way to get income assets right rental properties indexed universal life policies where you can leverage money to buy more income properties. Any buy a business that has I mean the best investment to be completely honest, he's investing in yourself. You know, that's the best. You took an investment. Brian, you invested in yourself. You did the hard work, you got the help you are 400 pounds. And now you look amazing. You know, it's 2024 You're supposed to say something, but don't these politically correct to say, but So, whenever you compliment a man, you can figure out the words, it's three syllables. There's no and then something else, but I won't say. So. If you if you understand, you know what you have to do. It's very simple. Get a budget, stop investing with the government and high tax high feed accounts for your long term retirement because half your money goes to Wall Street and fees. Well, how's my house? Half my money? Joe? You're full of crap. Okay? What's 1.5% times 30 years. 1.5 times 30 is 45. Well, that's simple interest is 45% of money is going to Wall Street. We're just only building to a point and a half Joe, it's compounding over time. They're charging you not just on your premium, but on your future income, your future growth your year 1237 1215 20 Year 20 of a million dollars in there. They're taking 1%, which is 10 grand, which by the time is probably more than what you're contributing, they're taking out in fees and hoping that the gain outpaced the fees. They're charging you because they're usually ever negative. Yeah, of course. Well, my strategy, you know, many times I've lost clients money, zero and 20 years, never charged the client $1.20 years never lost a client dollar and 20 years, and I'm five star rated on Google and a plus rated on the Better Business Bureau. Well, how could you guarantee no blue zones are to scam? Well, it's called option contract derivatives, something that all the multimillionaires billionaires and trillionaires use. And you can do it at a lower scale, you do it at 300 a month, 500 a month, 1000 a month, you can build your own bank using option contracts. Okay, it's tax free. It's liquid, it's Sue proof is divorce proof. In some states, it's been averaging 15% It has life insurance, disability, long term care, critical illness, critical ailment. terminal illness has all the things that are protecting your life financially, you're gonna make money, you can leverage it, you can lean it, like Elon Musk, he's a quick 100 mil Do you think he sells $200 million of Tesla stock to give 100 million to the federal government? No, he goes to the bank and says, Hey, I have $100 million of Tesla's stock will you give me a loan or a lien against my stock? Or not only did you save 100 million in taxes, he still earns interest on the stock. So he's earning money on he's earning interest on money that's not there. And even over the 5% loan rate is profit in his pocket on money that's supposed to be spent. So you can have two streams of income on $1. It's what the wealthy people do. And it just drives me nuts. Like, I'm gonna go to the 401k. Because that's what my body does, as your Buddy Rich. Well, no, but everybody I know, you invest in 401k. So you know, well, if you do what everybody else does, you don't when you want to listen to the 90% of people that are broke, or the 10% of people who are rich. It's that simple. So number one, budget number two, get out of qualified money start investing in non qualified money. Number three is invest in income producing assets because you know, what income does? It builds your quality of life? Why can I gamble 3040 50,000 a month and lose it no problem and still afford my bills, quality of life vacations, nice cars, big houses. Because I have residuals I have a residual based business. So I still get paid every time so it makes contribution every time something major life insurance, somebody pays a car insurance premiums. I also sell that to auto home life, Disability Retirement I partner forever as CPAs accountants, elder law attorney, property and casualty guys, I'm licensed, they do the work. I make a percentage. So find an income or residual type business, right? So it's all those things. I'm still getting paid on stuff I sold back in 2004 2004. I'm still getting paid on a disability policy I sold. So it's like 38 bucks a month. But hey, it comes in every month like clockwork. So if you if you understood exactly how money works, you understand how taxes work. Are you going to be an expert? Have you been doing 21 years? Probably not. Do you have accountants CPAs attorneys and elder law attorneys, you know, CFPs, all on your fingertips that you've been talking to and work with for decades, will I do? So I know about every situation that's out there. I'm not selling anything. I'm protecting people. I'm building people's plans. I'm giving them liquidity. I'm giving them an ability to leverage an asset. When you compare that to what you're doing. I'm not talking to you, your listener, whoever you are, what you're doing is wrong. It's high tax high feed illiquid no downside protection sewable in the lawsuit, you own the worst assets whether it's gold, silver 401k IRA, you have to take a look at fixed indexed annuities Indexed Universal Life. I know you're starting to hear about be your own bank rich person's Roth Infinite Banking It's all on social media. I mean, under 21 years AI books published on it. Like, it's now becoming popular because people are waking up to the fact that these assets are garbage. They're garbage. And you're just throwing your money away and you're being lazy. You're clicking a button on your on your paycheck and say, Oh, 3% goes here. 5% 10%, you'll have to worry about it. And it's growing every year, Joe, half of that money doesn't belong to you. And that's before taxes go up. Half of that money has gone to so look at your 401 K look at that number 300 500 200,000 50,000. Half of that numbers, not yours, you know, when we prove it to you take it out. Even if you're over 59 and a half take it out. It ain't yours. Federal government, state government FICA, Medicare, unemployment, Social Security tax, all gone. It ain't yours. You're holding Uncle Sam's money and Uncle Sam's like, Thanks, Billy, thanks for taking all the risk, have in Wall Street, take all the money out and fees. And then I'm going to take out all your profit on risk that you have. And that's if you won the game of the casino, also known as the stock, right? If you won the casino, the government's gonna penalize you for winning it and take half your money and say you did a bad job because you actually want and the people that actually lose their money in investing and have fees taken out who that's even worse. So it's just when you take a look at it, and it's not even close, but I know you we have a heart out now and I freaking love you, Brian. On your show, man, I just get fired up about this stuff. Likewise, helping people no

Brian Nichols  46:33  
and John. Yeah, we're gonna wrap things up right here. If you audience member felt confused, you're like there's so many acronyms. It's acronyms soup right now. Call Joe. Dead serious Joe's all of his information is going to be in the show notes. So please go give him some some love. He will give you some love. And definitely will use a three letter word that he didn't mention on today's show when he does. So. Joe, this has been great money talks with iron hawk. We'll include the links in the show notes. It is the best brand new financial Show podcast you can find. So please go ahead. Give him a Subscribe, subscribe. I can say that word. And when you go and watch his show, email him message him wherever it is. And tell him you heard him here on The Brian Nichols Show. I know Joe loves that. So with that being said we're going to wrap things up here. Thank you for joining us, Joe. Really appreciate it. With that being said Brian Eno signing off here on The Brian Nichols Show for Joe Lombardi. We'll see you next time.

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