The Cardiologist is not a Chiropractor
10/16/24 • 20 min
Truesdell Wealth, Inc.
Casual Breakfast Conversations No Cost or Obligation
In-Person / Thursday, November 14th
No Commission Real Estate
Stone Creek Golf Club - The Grille
In-Person / Friday, November 15th
True Estate Documents
Stone Creek Golf Club - The Grille
In-Person / Wednesday, December 11h
TOPIC CHANGE: The Truesdell Military Procurement Portfolio
Stone Creek Golf Club - The Grille
In-Person / Thursday, December 12h
MICA Income & Return Lock
Stone Creek Golf Club - The Grille
Online & On-Demand
Additional Engagements - Posted on Sunday, October 13th
Reservations available by calling 352-612-1000 or the CONTACT FORM
( https://truesdellwealth.com/contact )
0:00
There's a couple of things I'm not going to talk about, not going to do it, not in any way, shape or form. I've had a lot of people who have asked me in the past, Paul, why don't you maybe do an audio book or write a book about financial planning? Not going to do it. Not going to do it. Here's the thing. I don't get paid to teach people the things that they should know, a lot of the things that people should know they should have learned in high school and by the time you graduated college. And I'm not going to go back and talk about what it means to be employed, how you've got to develop a skill set that makes you employable to other people, how you're trading your time for money, and basically you're a voluntary slave. I'm not going to talk about how to get benefits. I'm not going to go and talk about independent contractors, total compensations, how you go through a job search. If that's important, then we'll talk about it. That's what advice is all about.
0:57
Welcome to the Paul Truesdale podcast, rather than two Pauls in a pod, this episode features Paul the elder, and thus just one Paul in a pod. So what's the gig? Individually or collectively, Paul and Paul sit down and chat predominantly at the Truesdell professional building and record frequently. They explain a few things about how life works before time gets away, they connect the dots and plot the knots, spots and ops with a heavy dose of knocks, mocks, pots, rocks, socks and mops. Confused, then welcome aboard. You see Paul the elder and Paul the younger enjoy telling complex stories that are always based on business, economics and forecasting, while having fun laughing and being among like minded men, women and children from Earth, Pluto, Jupiter and Neptune, individually and jointly, Paul the elder and Paul the younger, coupled with Team Truesdell, have been there and done it. If you enjoy front porch philosophers who take deep dives and connect the dots while drinking coffee during the day and a whiskey after five. Welcome. It is a true pleasure to have you on board. This is the Paul Truesdale podcast.
2:12
You know, let's talk about taxation, income taxes, estate taxes, capital gains, unemployment benefits, employee rights. I'm not going to talk about those things. Not going to do it. We're it. We can talk about entrepreneurship, how what it takes to become an entrepreneur. But the reality is, if you really want to know about how to do that, you pick up the phone, you call me, we'll have a conversation. There is no such thing as a free lunch. If you want a free lunch, go buy a book and do the research yourself what it means to have real compensation when you're an entrepreneur, income, the different business entities and types you can go into, how you do pre tax spending, how you can you need to understand your markets or resources and well, what if you just buy an existing business? You know, some people want to sit down and have me explain to them the importance of having a, you know, education beyond high school, you know, career alignment, expectation and earnings, vocational training, military service, higher education, financial aid, student debt. Teach me. Teach me. Teach me. No, no, those things are all online. It's been done before. There's no need to do it. What you're looking for someone to say, Dude, I really want you to explain to me what you think about this and give me some advice, because I respect you. Then that's what I'm there for. Otherwise, go out and knock yourself out. Why you should have an emergency fund, why you need to have planned savings. How much money should you have saved? And how should you save it? Yeah, I can talk about that, one to one. I'll talk about spending, key concepts related to spending or opportunity costs, the different modes of spending. I'll talk about charity, how charity should really begin at home, how you balance and reconcile books. I'm not going to do that. That's what your accountant should do. How to be a savvy consumer? Well, yeah, sometimes you need to be savvy. Sometimes you you you drop money on...
Truesdell Wealth, Inc.
Casual Breakfast Conversations No Cost or Obligation
In-Person / Thursday, November 14th
No Commission Real Estate
Stone Creek Golf Club - The Grille
In-Person / Friday, November 15th
True Estate Documents
Stone Creek Golf Club - The Grille
In-Person / Wednesday, December 11h
TOPIC CHANGE: The Truesdell Military Procurement Portfolio
Stone Creek Golf Club - The Grille
In-Person / Thursday, December 12h
MICA Income & Return Lock
Stone Creek Golf Club - The Grille
Online & On-Demand
Additional Engagements - Posted on Sunday, October 13th
Reservations available by calling 352-612-1000 or the CONTACT FORM
( https://truesdellwealth.com/contact )
0:00
There's a couple of things I'm not going to talk about, not going to do it, not in any way, shape or form. I've had a lot of people who have asked me in the past, Paul, why don't you maybe do an audio book or write a book about financial planning? Not going to do it. Not going to do it. Here's the thing. I don't get paid to teach people the things that they should know, a lot of the things that people should know they should have learned in high school and by the time you graduated college. And I'm not going to go back and talk about what it means to be employed, how you've got to develop a skill set that makes you employable to other people, how you're trading your time for money, and basically you're a voluntary slave. I'm not going to talk about how to get benefits. I'm not going to go and talk about independent contractors, total compensations, how you go through a job search. If that's important, then we'll talk about it. That's what advice is all about.
0:57
Welcome to the Paul Truesdale podcast, rather than two Pauls in a pod, this episode features Paul the elder, and thus just one Paul in a pod. So what's the gig? Individually or collectively, Paul and Paul sit down and chat predominantly at the Truesdell professional building and record frequently. They explain a few things about how life works before time gets away, they connect the dots and plot the knots, spots and ops with a heavy dose of knocks, mocks, pots, rocks, socks and mops. Confused, then welcome aboard. You see Paul the elder and Paul the younger enjoy telling complex stories that are always based on business, economics and forecasting, while having fun laughing and being among like minded men, women and children from Earth, Pluto, Jupiter and Neptune, individually and jointly, Paul the elder and Paul the younger, coupled with Team Truesdell, have been there and done it. If you enjoy front porch philosophers who take deep dives and connect the dots while drinking coffee during the day and a whiskey after five. Welcome. It is a true pleasure to have you on board. This is the Paul Truesdale podcast.
2:12
You know, let's talk about taxation, income taxes, estate taxes, capital gains, unemployment benefits, employee rights. I'm not going to talk about those things. Not going to do it. We're it. We can talk about entrepreneurship, how what it takes to become an entrepreneur. But the reality is, if you really want to know about how to do that, you pick up the phone, you call me, we'll have a conversation. There is no such thing as a free lunch. If you want a free lunch, go buy a book and do the research yourself what it means to have real compensation when you're an entrepreneur, income, the different business entities and types you can go into, how you do pre tax spending, how you can you need to understand your markets or resources and well, what if you just buy an existing business? You know, some people want to sit down and have me explain to them the importance of having a, you know, education beyond high school, you know, career alignment, expectation and earnings, vocational training, military service, higher education, financial aid, student debt. Teach me. Teach me. Teach me. No, no, those things are all online. It's been done before. There's no need to do it. What you're looking for someone to say, Dude, I really want you to explain to me what you think about this and give me some advice, because I respect you. Then that's what I'm there for. Otherwise, go out and knock yourself out. Why you should have an emergency fund, why you need to have planned savings. How much money should you have saved? And how should you save it? Yeah, I can talk about that, one to one. I'll talk about spending, key concepts related to spending or opportunity costs, the different modes of spending. I'll talk about charity, how charity should really begin at home, how you balance and reconcile books. I'm not going to do that. That's what your accountant should do. How to be a savvy consumer? Well, yeah, sometimes you need to be savvy. Sometimes you you you drop money on...
Previous Episode
2024 Axis of Global Threat
Truesdell Wealth, Inc.
Casual Breakfast Conversations No Cost or Obligation
In-Person / Thursday, November 14th
No Commission Real Estate
Stone Creek Golf Club - The Grille
In-Person / Friday, November 15th
True Estate Documents
Stone Creek Golf Club - The Grille
In-Person / Wednesday, December 11h
TOPIC CHANGE: The Truesdell Military Procurement Portfolio
Stone Creek Golf Club - The Grille
In-Person / Thursday, December 12h
MICA Income & Return Lock
Stone Creek Golf Club - The Grille
Online & On-Demand
Additional Engagements - Posted on Sunday, October 13th
Reservations available by calling 352-612-1000 or the CONTACT FORM
( https://truesdellwealth.com/contact )
Ukraine War
1 North Korean Troop Deployment to Russia
Recent reports suggest the possibility of North Korean troops being deployed to Russia to support the war in Ukraine. While these claims are not yet confirmed, they have attracted significant attention, particularly from South Korean intelligence. South Korea is not known for spreading false information, and their involvement in circulating this report adds a layer of credibility that demands attention. Should North Korean troops actually engage in combat, this would be the first instance of such involvement since the Korean War in 1953, making this a historic and unprecedented development. For military planners in the U.S. and South Korea, the deployment of North Korean troops presents a rare opportunity to observe how these forces function in a modern combat environment. Given the lack of combat experience among North Korean forces, their performance could offer vital intelligence that might reshape strategic planning for the Korean Peninsula. Additionally, the presence of North Korean troops on the front lines could have broader geopolitical ramifications, signaling a deepening of the alliance between Pyongyang and Moscow. Such a development would complicate existing security dynamics in East Asia, necessitating a reassessment of military preparedness and intelligence-gathering efforts. This evolving situation highlights the importance of vigilance in monitoring North Korean military activities, particularly in light of the potential for future conflicts on the peninsula.
2 North Korean and Iranian Support for Russia
North Korea’s involvement in the Ukraine conflict extends beyond the potential deployment of troops. Reports indicate that North Korea has been supplying Russia with ballistic missiles and artillery shells, although the effectiveness of these weapons is questionable. Many of the shells appear to be defective, with a significant portion reportedly causing damage to Russian forces themselves. This highlights the substandard quality of North Korean military hardware, which, while plentiful, lacks the reliability of Western or Russian-manufactured arms. Iran’s contribution to Russia’s war effort is also notable, with over 1,000 Shaheed drones deployed to assist Russian forces in Ukraine. These drones have become a key element of Russia’s aerial warfare strategy. This situation presents a significant opportunity for intelligence gathering. For the U.S. and its allies, understanding the limitations of North Korean and Iranian weapons could provide critical insights into Russia’s battlefield vulnerabilities. There is also a strategic angle for Israel. Given its close proximity to Iran and its history of military responses to Iranian provocations, Israel could seize this moment to launch a retaliatory strike, potentially targeting the facilities where the Shaheed drones are produced. If successful, this strike would not only cripple a key element of Russia’s war machine but also weaken Iran’s military capabilities, thereby enhancing Israel’s own security in the region.
3 Russia’s Growing Reliance on Foreign Support
Russia’s increasing reliance on military supplies from countries like North Korea and Iran underscores a concerning decline in its domestic military industrial complex. Traditionally one of the world’s largest arms manufacturers, Russia is now struggling to produce enough high-quality weapons to sustain its ongoing military operations in Ukraine. This shift toward dependence on less technologically advanced nations signals a broader weakness in Russia’s defense sector. The quality of military supplies from North Korea, as seen with their faulty artillery shells, and from Iran, while useful, pales in comparison to what Russia would have once produced domestically or sourced from more advanced allies. This vulnerability presents an opportunity for Russia’s adversaries. Countries like the U.S., Israel, and South Korea could potentially exploit these weaknesses by targeting the supply chains or production facilities in North Korea and Iran. Disrupting these cri...
Next Episode
Green Goblin
Truesdell Wealth, Inc.
Casual Breakfast Conversations No Cost or Obligation
In-Person / Thursday, November 14th
No Commission Real Estate
Stone Creek Golf Club - The Grille
In-Person / Friday, November 15th
True Estate Documents
Stone Creek Golf Club - The Grille
In-Person / Wednesday, December 11h
TOPIC CHANGE: The Truesdell Military Procurement Portfolio
Stone Creek Golf Club - The Grille
In-Person / Thursday, December 12h
MICA Income & Return Lock
Stone Creek Golf Club - The Grille
Online & On-Demand
Additional Engagements - Posted on Sunday, October 13th
Reservations available by calling 352-612-1000 or the CONTACT FORM
( https://truesdellwealth.com/contact )
0:00
Been saying this for years. You cannot build a sustainable political movement on a cult of personality, not at the top, not at the bottom, not at the committee level, not at the gubernatorial level. Period. Sure, it might look flashy in the short term, but if you are so laser focused on the individual at the top of the ticket, you are missing the bigger picture, and that's going to cost the entire Republican Party dearly, and it's the primary crux of the problem I have with the overwhelming majority of the Republicans that I've met in recent months, you've got to go out and look beyond the charismatic figurehead and consider what's happening down the ballot, because it's real. The real issue is a worst case scenario. Isn't just losing the presidency. That's bad enough governorships and even local offices, yeah, even the dog catcher race. And believe me, I've heard some people debate over who would do a better job with the Republican or the Democrat. Now you can laugh at that, but I'm not entirely joking. Welcome
1:18
to the Paul Truesdale podcast, rather than two Pauls in a pod, this episode features Paul the elder, and thus just one Paul in a pod. So what's the gig? Individually or collectively, Paul and Paul sit down and chat predominantly at the Truesdell professional building and record frequently. They explain a few things about how life works. Before time gets away, they connect the dots and plot the knots, spots and ops with a heavy dose of knocks, mocks, pots, rocks, socks and mops. Confused, then welcome aboard. You see Paul the elder and Paul the younger enjoy telling complex stories that are always based on business economics and forecasting, while having fun laughing and being among like minded men, women and children from Earth, Pluto, Jupiter and Neptune, individually and jointly, Paul the elder and Paul the younger, coupled with Team Truesdell, have been there and done it. If you enjoy front porch philosophers who take deep dives and connect the dots while drinking coffee during the day and a whiskey after five, welcome. It is a true pleasure to have you on board. This is the Paul Truesdale podcast.
2:30
Now despite my endless preaching on this topic, I feel like I'm talking to a brick wall. Everyone seems to be focused on the top of the ticket, and they're blind to what's really at stake. And I get it, believe me, I get it. People love a larger than life candidate, just like people want to believe in the boogeyman, Sasquatch and Bigfoot. By the way, whatever happened to the Loch Ness monster? I guess that fell out of vogue. Slimy skin always rates second to a hairy beast. But I digress. But look like I said, I get it. You love the larger than life cartoon candidate, but what happens when the personality is gone? If the base isn't solid, the whole structure collapses and the base is based upon large and small Republican clubs. It's never based truly on some organization with lots of rules. Who can join, when they can join, who can speak, who can't speak. It's about small groups, four, 610, 12, 2050, people getting together and having legitimate, real conversations. Even the clubs that have hundreds and hundreds and hundreds of men and women have to break down into smaller groups, and that's where the real politicking takes place, one to one on a small group basis. And as I said, when the personality is gone, the base, if it's not solid, the whole structure collapses. That's a disaster, not just for the candidate, but for the party, the Republican Party, the policies and the country as a whole. Now some new research has come out, and it could be a real game changer. There's a study that shows up to 41 million evangelical Christians will not vote in the upcoming election. That's not a typo. You didn't hear that wrong. That's 41 million. Now, of that 41 million, the poll shows that maybe 5 million of them can be encouraged to fulfill their civic duty and go to the polls and vote. Now some people think, Well, that's all it's going to take. I don't agree. So I believe that what Peter Thiel said when he said that he ...
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