ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.
KEY TAKEAWAYS
Today Royal Investing featured a special guest, Ron Galloway, who gave an excellent presentation of his market analysis as it relates to interest rates and inflation. Ron broke down what he believes the true numbers to be and how he has arrived at his conclusions. Finally, Ron shared his thoughts about how to navigate these unprecedented times.
Inflation defined. In Ron's view inflation is put simply, an increase in the money supply. Nations globally have increased their money supply up to fourfold in just the past 12 months. This has led to historically high inflation which reduces the value of your money over time and drives prices up.
How is inflation measured? Ron explained that the inflation numbers given publicly do not take into account essential goods such as food and fuel. Commodities such as these are not as easily able to negate price fluctuations as other goods like electronics. The impact of high inflation is most felt by those with less money.
Impact of low-interest rates. Ron defined real interest rates as the rate of interest minus inflation. Historically low, even negative interest rates as in the EU have reduced the incentive for banks to loan money. Instead, we see the top institutions using cash flow for derivatives.
Want a refresher or to see what you missed? Watch the replay.
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