Your Survival Guy

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Stealing Your Dollars in the Dead of Night

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Will you even know it when they come for your cash? When they the steal it in the dead of night? When the digitalization of the dollar makes paper obsolete?

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Think they can’t inflate your money away? Look at interest rates—flat as a gingerbread cookie and stoking the inflationary real estate fire. First-time buyers can barely afford a manger, never mind a three-bedroom, two and a half bath.

Remember when you bought your first home when interest rates were closer to the Twelfth Day of Christmas than the first? Back then, at least you could make the numbers work based on your salary. Today, first-time homebuyers pay some crazy multiple of their salary if they even have a job.

Managed interest rates create winners and losers, destroying what used to be the beginning of the American dream—buying a home and starting a family. The new pastime is trading stocks on Robinhood (sorry NFL) and playing video games on PS5 (if you can get one) instead of discipline or sound investing.

Action Line: In times like these, it’s crucial you find a way to get in the game. Based on the actions I see, it’s not going to get any easier. It’s never too late to start. Allow me to help you.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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