4.8 • 883 Ratings
🗓️ 28 August 2024
⏱️ 5 minutes
🧾️ Download transcript
Discover why consumer confidence is the highest in 6 months.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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0:00.0 | Be wealthy and smart, episode 1395. |
0:03.3 | I'm gonna live no rich life. |
0:07.3 | It's like. |
0:08.3 | If y'all know what I mean, put your hands up and declare with me |
0:14.2 | Yeah, full of bed time I'm gonna live a good |
0:20.0 | good life |
0:21.0 | and beautiful and glorious life. |
0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, on |
0:32.0 | Be wealthy and smart. |
0:34.5 | And now here's your host, Linda P. Jones. |
0:38.5 | Welcome to be wealthy and smart. |
0:40.0 | I'm Linda P. Jones, America's wealth mentor, |
0:42.2 | empowering women and men Worldwide to Financial Freedom. |
0:45.0 | On today's show, we're going to talk about how consumer confidence is the highest in six months. |
0:51.0 | Now consumer confidence is really important because that makes up over 70% of the economy. |
0:57.0 | That's consumers determining how much money they're going to spend in the future, |
1:01.0 | depending on how confident they feel about their employment |
1:04.9 | and their financial circumstances going forward. |
1:07.6 | So when financial confidence improves, that's a really positive sign. |
1:12.1 | Although we also know that there is a part of the population that's struggling worse than ever. |
1:18.2 | So there's a real dichotomy going on here where the high-income people feel really good about things and the low-income people feel really bad about things. |
1:27.0 | And that's hard to show in a survey, but this Consumer Confidence Monthly Survey showed that confidence rose to 103.3, which was up 1.4 points from July |
... |
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