What's up it's episode 58 pain points of wealth and profits this earnings season are phenomenal! Companies are beating estimates by a landslide. It doesn't matter that supply chain issues or labor costs are going up. It's all inflationary. But guess what? These companies just keep raising prices on you and me, which is making their profits go through the roof. So what does this mean between now and the end of the year? As the market continues to go higher are we going to finally get that correction in stocks that big sell-off that Wall Street has been telling us about? We're going to give you our vantage point, exactly what you should be doing strategically between now and the end of the year. On the tipping point today we're going to drop some wisdom on you. When it comes to your financial independence plan, we're going to give you some insights that you can apply to your portfolio, your financial plan, to get you on track, to be financially independent.

You will want to hear this episode if you are interested in...
When’s the big drop coming? [1:24]

Pipeline conspiracies? [3:41]

The faults in being priced to perfection [6:49]

The Tipping Point [10:39]

Crisis is opportunity riding on a dangerous wind [11:15]

A feather in the hand is better than a bird in the air [13:05]

Accept something you cannot change and you'll feel better [14:43]

A foolish man listens to his heart [16:33]

Don't let statistics do a number on you [17:26]

Hidden Facts of Finance [20:14]

Pipeline conspiracies?
It's amazing how the world changes, all of a sudden, how do we not have enough oil supply? The world's been awash in oil then all of a sudden it’s not?. I love a good conspiracy, and a lot of people are saying, or the “experts” are saying that the Biden administration is limiting production. I have a different theory on this. Perhaps there's just worldwide collusion going on. All the big energy companies are saying "You know what? We make a lot more money when oil is over $80 a barrel. Let’s just chill out on the production side of things. We will slow down on producing oil right now because when the price is at $30, that's terrible for profits." So I suspect there is big manipulation going on and I think it's all of these global oil companies who are very happy to slow down the production and keep those prices up!

This week on the tipping point: Financial Fortune Cookies
When you go to the Chinese restaurant nothing's better than getting that fortune cookie at the end and reading the wisdom within. Let’s open up your fortune cookie and apply it to your financial life and goals to be financially independent because there’s nothing funnier than getting a fortune cookie to help you run your portfolio!

Crisis is opportunity riding on a dangerous wind. Sounds great but it reminds me of what Warren Buffet says, it is wise for investors to be fearful when others are greedy, and greedy when others are fearful. We're emotional human beings. It's so easy to panic when prices are going down or when you have that fear of missing out and overload your portfolio on what's going up the most.

A feather in the hand is better than a bird in the air. I think the point is it's better to protect what you have than trying to reach for the stars and putting everything that you have at risk.

Accept something you cannot change and you'll feel better. I think right now is a perfect example of that. We have so much uncertainty about our taxes going up. Are they going to pass another $2 trillion in stimulus? Is the dollar going to be worthless in a couple of years? Is inflation just going to destroy our purchasing power? Is the dollar going to be so weak that we can't afford anything? The list goes on and on.

A foolish man listens to his heart. Don't use your gut feelings when it comes to investing. It's never right.

This week’s hidden facts of finance
Home prices are up a record 19.5% in the past year, according to Case Shiller data. However, home prices were