Terry Savage: The Savage Financial Truth in 2023

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:

• The national debt will not default
• Speculating on bitcoin
• Inflation, debt, and layoffs
• An annuity is not an investment

Key Takeaways:

• Stop panicking. The national debt will not default. Think rationally about this instead of listening to bad opinions on television. There’s no financial strategy for the end of the world, so it’s not really worth thinking about. Live your life.
• If you want to be a speculator, you might as well speculate on soybean futures or go to a casino and find your game of choice. A lot of people get burned by betting on bitcoin. Invest legitimately and rationally.
• When there are huge layoffs, two things happen. First, companies discover how they can do things more efficiently. Second, those laid off realize they can compete with the company that just fired them. That’s the beauty of capitalism.
• Do not make the mistake of thinking that an annuity is an investment. You’re going to be pitched the dream, don’t buy it because the contractual realities will hit you hard.

"Beware of debt. Show some responsibility. Talk to anyone you can around you." — Terry Savage.

 

Connect with Terry Savage:

Website: https://www.terrysavage.com/

YouTube: https://www.youtube.com/user/TerryTalksMoney

LinkedIn: https://www.linkedin.com/in/thesavagetruth/

Twitter: https://twitter.com/Terrytalksmoney

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Connect with The Annuity Man:

Website: http://theannuityman.com/

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