 Hey, how are you? How's hi everybody? How you doing? Welcome to dedicated to financial literacy Russell Moore coming to you live again It's great to see everyone We're almost in at the end of the week and The market has been interesting. We've had a green day today. The market has definitely been up today The Nasdaq the Dow S&P 500 or even Russell 2000 so we've seen a green day and I just want to Give a shout out to all the traders and investors out there that prospered Want to just encourage you to keep going keep doing what you're doing I Didn't want to make a couple of comments today That's necessarily the market it does have something to do with the market and that is In I want to say there's been a lot of talk about inflation and I just want to just Let everybody know this is just my opinion. Okay. I'm not an economist. I'm not Kathy would So she's not an economist either, but she has an economy background Economist background and so she studied at USC just down the not too far from well when I lived in LA I'm right outside of LA now, but Yeah, she's a USC alumnus. So give a shout out to Kathy would I I just personally do not believe that That inflation is transitory. I don't think it's gonna be temporary. I think what's gonna be here for a while I'm not gonna say it's here to stay Nobody could say that but I definitely Definitely feel like that Inflation is it's definitely gonna be an issue and The next few weeks and that sounds like my son my son is bringing his his bike in here It's a little bike. He's four years old and he you know, he has no sense of timing. Most kids don't right? It's so he's coming. So if you see him peddling over my feet We'll just keep rolling. Okay. Hey, I like it real and raw. I'm not gonna edit him out But I love him. He's my son. His name is Benjamin and He's coming in here right now. And so I think he's trying to remind me that we're going to the park today Okay, so anyway Going back to Inflation, I think it's transitory I'm not gonna go into all the reasons but I will say this just from a practical Stamping just talk to people This is what I always say talk to everyday people talk to your neighbor talk to the mailman talk to the UPS guy talk to the Amazon person that drops off and delivers your packages talk to the person at the supermarket Talk to the gas station attendant, you know, talk to people You know and ask them Our price is going up in your life or they're down and Most people nine out of ten are gonna tell you that everything is up and Like I've said so many times if I owned if I was proctoring gamble and I went up 12 to 13 percent like they did on many of their products Would I go back down in 22 and 2022 would I go back down and And deflate those prices when you've already proven as a consumer that you're gonna pay for it You're gonna still pay for my tide Instead of paying 16 1699 now you're paying 1999 in 2022 if you do it in 2021 you'll do it in 2022 So why would I go back down to 16 unless I gave discounts from here and there here and there coupons and all that kind of stuff But I would not go back down on the price on my goods and services Once you've accepted it. I'm gonna tell you just how bad how bad this inflation thing. It's getting I had a company that I used to move when I moved here to this house and They were a company I used at my company my company. I would move. I would do project management. I would do a Maintenance for as a manager supervisor. I've done property management and so They would move me if I moved into another building and So normally it was averaging a could my last move it cost us around 700 600 bucks $700 So I called them up because not only did they move us they actually have a storage unit So I stored mice a lot of my furniture and stuff there until we because we were like, you know We're gonna be here for a couple of years Leasing and then we're gonna get our own house. So now we have we've gotten our we've rent escrow for our new home it's it's still actually being built and What happened was I called them to say hey, yeah I want you guys to move all my stuff out of storage and and it was well over a thousand dollars and They told me oh, it's because of pandemic and then he laughed and said inflation inflation Even they know just your local small business This isn't a major company big huge company and they know they're taking advantage of inflation inflation. Oh, they're going up So they're everybody's going up everybody's going up Prices are going up gang and let me tell you something Let me give you something a plan and I'm not a conspiracy theorist, but I'm really gonna tell you this I really believe this with all my heart. I believe one of the reasons why the Democratic Party has opened up the borders They buy an administration and allowed people to come in one one reason is to affect the elections Watch me watch what I'm saying if they I believe they're gonna come down with some type of legislation they're gonna try to push to Get those get the migrants They're gonna try to get those migrants and and legalize them some way before 2020 to 2022 elections the midterms and the 2024 election to get them to be able to vote now. Who do you think the migrants would vote for? The Republicans or would they a conservative party or would they vote for somebody that opened up borders for them? quote-unquote Of course The second reason why I believe they're here now is many Americans aren't going back to work Many Americans are not going back to work. So why would watch and see don't you see some kind of legislation that comes around Giving them temporary permits to work What they're gonna somehow try to I'm talking about people that have come here illegally are Going to be working taking the jobs that Americans are rejecting right now Now I'm not mad at the migrants they had it bad in their countries where they came from so I'm not mad at them It's our country's fault Can you imagine? They're gonna come and take the jobs of people Citizens and you know and here's their justification. Well, you won't come back to work Well, let's talk about that for a second. Why are people not coming back to work? I Keep hearing this thing about stimulus stimulus stimulus it's because of the stimulus money if you live in California the stimulus money didn't last It didn't last one month. It's not like they were given stimulus checks every month We got a total of three And the child care tax credit That's only for people with children. So what about all the single people that don't have any kids? They didn't even they didn't even get that So when you say stimulus what stimulus the stimulus in many cases was gone Before people even got the check because the cost of living and inflation was going up at the same time All right now, I'm not saying that there weren't some people That didn't prosper and didn't have a good chunk of money as a result of the stimulus I'm not saying that But for the most part That wasn't enough to keep people away from working You still had to go back to work even with your stimulus check. So stop saying that Here's what I think many people are not going back to work is because when the pandemic took place and we had the lockdowns People were forced to do something else in order to make money and now what has happened Many Americans have realized. I don't have to leave my house to make money Hello look behind me now. I still leave my house But I'm saying the people that are out there that are not coming back is because they don't have to come back It has nothing to do with the stimulus. It has more to do with the lockdowns and mandates the lockdowns and the mandates said stay home Mask up or stay home. Now. They're saying vaccinate or Don't come out in public. What is that going to do? It's going to force people To do more at home including work Hello wake up Your your lockdowns are forcing people to become innovative and more creative at home and how to make money now get this If a person All they need to do is make 250 dollars per day on the stock market and they do not have to go back to work that's five thousand a month and most states other than New York and California and Hawaii and Most states you can live on five thousand dollars a month California let's add another thousand that's three hundred dollars a day a person can learn Enough on the stock market and if they can generate three hundred dollars a day on the stock market Which they got the stimulus money Three checks What we'll say we'll say about four or five thousand. That's four or five thousand That's why when you say people's because of the stimulus check people didn't go not coming back to work. That's ludicrous Five thousand dollars is not not enough to even sustain you most people in California for one month Let alone keep you out of work for months and months and months. I've been telling people this look stop blaming it on the stimulus People were being misused People were being not treated right by their employers in many cases Some of this the reason why people are still at home is because of employer abuse So what is this has been what it's what is this done? It's a wake-up call and it's made it more like a an Employees market instead of an employer market now the ployee has a little bit more leverage now They can say I want more money. Oh, you don't want to give me any more money You don't want to pay me more for what I would I think I'm worth? Okay, I'll stay home. I have about five or six thousand dollars. I'll just take that Open up an account in Robin Hood and just make money options I'll do some call option put options. I'll make some money and wait a minute. I found out. I Don't have I'm making enough money here in in the stock market. I Don't have to leave and jump in my car where the gas is almost it's it is five dollars Five dollars a gallon here in California in many places. It's like five dollars So why would I leave my house? Spend all this money on gas daycare daycare is gonna run you for about a thousand to two thousand dollars here in, California Per child if you got to they may give you a break You're gonna pay two to three thousand dollars per month now. You don't have to pay for daycare Now you don't have to pay for gas And here's another thing. There are many companies, especially small businesses. They don't give you benefits You don't have health insurance So you being you're being talked to in a way that's not respectful You don't have any benefits. You're getting paid less money than if you were at home trading stocks Why would anybody go back to work you wouldn't The very people that are complaining about people not coming back to work would never do that So why would you ask people to come back to work? The job market has got to become more appealing You got to give more I I'm sorry. That's just the way it is and it's not unfair It's not unfair because the employee has been treated unfair for years and the pandemic exposed it The pandemic exposed how employers are treating employees if you really want to know the truth about it Now there's some people that are lazy and don't want to come back But they will you have to work if you don't have a master skill You will have to come back to work. The stimulus won't last forever. So stop panicking politicians People will get back to work But here's what we need to do we need to ensure that employees are being treated properly that they have That they have benefits Health insurance tells insurance is expensive. I Don't want to tell you the bill that we paid last year my wife and I for our company We work be both work for the health insurance now. I've been fortunate my health insurance. I don't pay a penny my wife does And it was a lot when you add a child into it, it's a lot of money thousands of dollars So That takes from your salary So more and more people I've had more friends and family call and ask me about how to invest in the stock market Because they don't want to go back to work Think about it They're not saying they want to learn so they can secure their future by learning investing in In financial literacy, they're like my goal my short-term goal is I don't want to work anymore I'm working all these hours and I get it's like money. It's like money and there's holes in my pockets I put the money in and it's like holes. I don't know where the money goes I'm not making enough money Working for my job and I spend three and I can get this if you're in California because of the traffic Here's another issue that we have that's keeping people from work. This is why their infrastructure needs to address this We got this three trillion dollar infrastructure over over our heads, right? Let's address the traffic in Los Angeles Me Kevin came up with some great ideas You know tunnels, so here's what I'm saying People are saying look Why am I gonna drive? You do why am I gonna drive three and four hours backed up in traffic angry Road rage people Why would I do that? Just driving alone is keeping people from wanting to go back to work in LA Stop blaming it on the stimulus you guys. It's more to it than that Here's my last thing that I want to say I want to give a lot of young people advice because here's another thing too a lot of Baby boomers. I'm 56 years old. I'm not at retirement yet. I'm gonna be still working for about 15 20 years But a lot of baby boomers my age and up are retiring Many of those people just worked My generation endured much from employers this young generation the Millennials YZ they not they're not taking that They're not taking anything from the employers in fact if a employer talks crazy to them They'll get up and walk right then and there They won't even ask for their last check See that's the difference with this up-and-coming generation than my generation my generation tolerated a lot from employers To our demise There's a matter of being respectful and just doing your job and sucking things up I get that you suck it up. You just look I'm here to do my job. I leave That's a good attitude to have but in some in many cases It gave the employer too much power in what them employees now the younger people are saying look if you're gonna talk crazy to me I'm out of here. You need me You have no company without me. That's what they're saying You have no company without me And let me give something to the migrants that would come and take these jobs from these people You need to join the stand. I know your family has to live you came from a country Maybe you came from a crazy socialist country that was controlling and poverty-stricken and you've had it bad I get it and you come here. You want a new life? I get it. I'm not against that But if you come and take the jobs here from the people that are making stance against employers You will eventually come up under the same issues that they that the that the citizens are having And what I'm saying is there's got to be now. Let me say this right now There are a lot of employers that are great employers that are really good by their people But let me tell you something That's rare That's not the norm. That's rare where you find an employer that really cares about the people In a really like out for their good and they're trying to do the best for them giving them the best salary They possibly can we understand you got to make a profit. You're in business to make money. Okay, I get that But remember you have no business without the employee This is what I want to bring home to every employer out there in America You do not have a business Your business is nothing without the employee The baby boomers are retiring. So that leaves you That leaves you with the Millennials That's the strongest workforce you'll have and generation wise that you're coming so Treat these kids right Treat them right make sure they have what they need make sure you're paying them properly and then and Then you'll see your business prosper The companies that do the best are where the where the employers employees are happiest in These last days and a ladder and this this last day this last day during these These days you got to be an employer that takes care of your employees and treats them right and don't treat them like They're slaves All right, here's my last thing. I want to say sorry you guys. I know this is long. Here's the last thing I want to say number one Number one two three four and five and this is advice to the younger ones that are coming up Kathy Woods talks about the five disruptive innovative Sectors that are merging together. We haven't seen this since the industrial revolution Where there was a combustion engine electricity and telephone they all three came together around the same time Massive innovation awesome innovation. This has never happened what we're seeing now five Innovations merging into merging together coming and arising together AI artificial intelligence Genomic genomics and Gene therapy Gene sequencing Number three robotics Number four data storage and number five blockchain Master one of these skills go somewhere and master AI go somewhere and master robotics If you notice things are becoming more Where companies are saying hey I can say and this is what I want to say to employers you don't have a problem replacing employees With robotics You kicking them to the curve So now all of a sudden you're mad because they don't want to come back to work when you're when you are looking down the road You're looking at replacing them You only use them because you need them now But here's what you can do employee Go learn how to fix the robot Learn the technical side of robotic Learn how to assemble them learn the learn about them learn about AI learn about blockchain Master one of them now what happens in the future? You'll be needed and there'll be less it'll be because people aren't looking at those jobs You will be in high demand Especially if you master two of them, but at least master one Blockchain data storage AI robotics gene sequencing like CRISPR The company CRISPR and what they're doing and what I'm and I guess what I'm saying I don't know enough about it So don't ask me But I'm telling you master one of the five Disruptive innovations and you'll be fine in the future and then and then learn how to invest So that you don't stay in that job forever and you're not a slave to it But you've mastered it so that you're in high demand At the time when they when they blow up because they are gonna blow up Alright, that's it for me today. I want to just let you know you guys keep it up Keep doing what you're doing. Hey and remember my motto What do I always say you do not earn if you do not learn You do not learn if you do not learn have a wonderful wonderful wonderful wonderful day