As we continue to grow and continue to be Loud, will always appreciate you for taking 5-10min of your day to read what I have to say, thank you!

This week I encourage you to focus on your plan not the plan of the media or others, your wealth is not their wealth!

Warren Buffett Dumping $13bn Worth of Stock Rings Alarm Bells Over Economy

Hey, did you hear about Warren Buffett? The CEO of Berkshire Hathaway has made some moves in the stock market that have investors worried about the state of the U.S. economy. He sold $13.3 billion in U.S. stocks in the first quarter of 2023, which is a lot of money! Instead, his company invested $4.4 billion in buying back its own stock and put $2.9 billion into other publicly traded businesses.

According to Steve H. Hanke, an economics professor at Johns Hopkins University, this move shows that Buffett understands the economy well. Hanke thinks that Buffett is predicting a recession for the U.S. economy since the money supply has gone down by 4.1% in the past year. That means economic activity is likely to get worse in the next 6-18 months.

When a recession is coming, Buffett knows that cash is king, especially if he can earn a good interest rate on it. That's why he's been investing in short-term Treasury bills and bank deposits, which have been paying out higher interest rates thanks to the Federal Reserve.

David Nicholas, the president and founder of Nicholas Wealth Management, says that Buffett's recent moves are telling about how people feel about the stock market and the economy. Buffett usually acts as a voice of confidence during turbulent times, but this time his tone is different. Nicholas thinks that right now, Treasuries might be a better bet than equities.

Here is the article that speaks to what Mr. Buffet said.

During these challenging times, saving money may not be at the forefront of everyone's mind.

Prioritizing savings during a recession is more important than ever. In this article, we'll explore the significance of saving during a recession and provide some helpful tips for effectively doing so.

Be prepared for the unexpected

Recessions can be unpredictable and often lead to sudden job loss, decreased income, or unforeseen expenses. That's why having an emergency fund is essential for weathering these financial storms. Ideally, you should have at least three to six months' worth of living expenses saved in an accessible account. This will help you cover your bills and expenses in the event of a job loss or other financial difficulties. If you haven't started building an emergency fund, start by setting aside a small amount of money each month and gradually increasing it over time.

Trim the “fat”

When times are tough, it's crucial to focus on the essentials and reduce non-essential expenses. Review your monthly budget and identify areas where you can cut back on spending. This could include reducing eating out, cancelling unused subscriptions, or decreasing energy usage. Small changes can accumulate over time and help you save more money.

Prioritize what debt to reduce

In a recession, it's crucial to concentrate on reducing debt. High-interest debt, such as credit card debt, can be particularly harmful during tough economic times. Start by prioritizing debt with the highest interest rates and work your way down. Consider consolidating your debt or negotiating with your creditors to lower your interest rates or payment amounts. By decreasing your debt, you'll free up more money to save or invest for the future.

Invest in yourself

While it may seem counterintuitive, spending money during a recession can pay off in the long run. Use this time to learn new skills, improve your education, or start a side business. These investments in yourself can increase your earning potential and make you more resilient to economic downturns in the future.

Stay on track

Lastly, it's critical to stay the course and avoid making impulsive financial decisions during a recession. It can be tempting to sell off investments or make other drastic changes when the market is down, but this can often do more harm than good. Instead, concentrate on your long-term financial goals and stick to your investment and savings plan. Remember that recessions are temporary, and the economy will recover over time.

Saving during a recession is vital for your financial health. By being prepared for the unexpected, trimming non-essential expenses, prioritizing debt reduction, investing in yourself, and staying on track, you can navigate the challenges of a recession and emerge financially stronger on the other side. Keep in mind that every small step you take toward saving during a recession can make a significant difference in your financial future.

As always I am here for you, need someone to listen, someone to help you… reach out!

Next Week’s Issue

We will focus on what you can read, who you can follow, what you need to do to self educate in this big ass world of MONEY.

Hottest Tweet of the Week….

#NoBSWealth Clip of The Week

Cannot wait until next week or just want more, check out our podcast @nobswealth and catch us on Youtube. You can always follow me on Instagram and Twitter as well! Or just email me, [email protected].

Most importantly come check out our Website and give us some feedback. Make sure to subscribe to this newsletter and if you are wanting time to chat with me 1on1 you can schedule that here!

#Goonsquad Clip of The Week

If you are a sports nerd like me and want a pod to listen to or watch come check out our @nobsgoonsquad (podcast), here is the link to the show, we go live every Tuesday at 4:30pm CST!