The Free Retiree Show

The housing market saw extreme volatility in 2022 due to rising interest rates and rapid price increases. This 2023, mortgage rates are predicted to rise even more before trending back down, creating difficulties for both buyers and sellers. Many homeowners, prospective sellers, and potential homebuyers are worried due to rising mortgage rates, slowing house sales, and market uncertainty. 

Fewer home sales, lower prices, and higher mortgage rates are what most experts in the real estate market anticipate.  Real estate values could go down, but probably not as much as they did in 2008. Home sales are expected to remain sluggish this year. For many first-time house buyers, 2023 will be a delayed dream rather than a celebration, as home costs exceed their budget and income.  

Is 2023 the time to buy another real estate property, given the rising cost of housing brought about by inflation and interest hikes? And if you delay, could you be priced out of the market completely?

In this week’s episode of The Free Retiree Show, wealth manager Lee Michael Murphy shares 2023 predictions for the real estate market. Get advice on the best time to invest in housing this year. 

What you’ll learn in the episode:

• What will the housing market look like In 2023?

The working environment has radically changed. 2022 was a year marked by rising inflation, declining company valuations, and significant cultural shifts experienced by both businesses and their employees. In 2023, businesses will face new obstacles, such as accelerating unemployment, and mounting cost pressures. What the new normal will be and how to incorporate lessons learned from the pandemic are challenges employers and workers alike must face. It's important to anticipate shifts so workers can prepare.  As we begin a new year, what are the most prominent workplace trends that we can expect this 2023? 

 In today’s episode of The Free Retiree Show, career advisor, Sergio Patterson, shares the top three workplace trends for 2023. Be updated on what's happening in today's workplaces to give you a better grasp of the efforts that are shaping the modern workplace.  

What you’ll learn from the episode:

• Why is mental health wellness so important for today’s workplace? 

As we welcome 2023, there’s so much uncertainty in the economy, but one thing you can control? Your investment strategies. Successful investors don’t get created overnight.  It takes time and patience, not to mention trial and error to learn the ins and outs of the financial world and your personality as an investor. 

With 2022's market pains behind us and 2023's opportunities ahead, investors would be wise to proceed with caution and a long-term outlook. It's easy to get distracted by the buzz surrounding a "hot stock" or "trendy new investment option," but remember that building wealth through investing takes time and requires a well-rounded portfolio. Investing is not a game of "luck" or a means to "become rich." It's crucial to your long-term monetary security. 

Let’s start 2023 fresh and equipped! In this week’s episode of The Free Retiree Show, wealth manager, Lee Michael Murphy reveals the steps to becoming a successful investor in 2023. Be a wiser long-term investor as we commence this year. 

What you’ll learn in this episode: 

• Steps to become a successful investor in 2023.

If you're tired of seeing your bank account balance go down, it's time to figure out why that keeps happening. “Why am I broke?”  If you ponder this question on a monthly basis, you are not alone. With sustained inflation eroding wage gains, the proportion of Americans living paycheck to paycheck has risen to a near-historic high of 63%. 

The reality is that many people will never achieve their financial goals, but not because they can't. Anyone with the correct mindset and behaviors can do it. However, many unintentionally behave in ways that hurt their finances.  Building wealth requires hard work, preparation, consistency, discipline, accountability, and solid money management, regardless of your financial condition or income. 

In this week’s episode of The Free Retiree Show, wealth manager, Lee Michael Murphy, outlined 10 common money problems that keep people broke. Consider these possible reasons for your financial difficulties and evaluate what you can do to improve your situation.

What you’ll learn in this episode:

• Common reasons why people are broke 

No two recessions are alike. Whether or not the US economy is entering a recession is a topic that has been . In any case, the United States and the world economy are experiencing a time of significant stress, regardless of whether or not the National Bureau of Economic Research formally declares a recession. 

The economy shrunk for two straight quarters in Q1 and Q2 of this year, and the construction of new homes has also drastically decreased. A recent drop in consumer confidence and an uptick in layoffs have caused a great deal of concern. There is increasing speculation if we’re experiencing the next Great Financial Crisis. 

In this episode of The Free Retiree Show, wealth manager Lee Michal Murphy compares the differences between the Global Financial Crisis of 2008 vs. the 2022 economic downturn. Discover the difference in different areas of macroeconomic metrics. Join us as we evaluate the labor market, housing shortage, consumer sentiment, and more. 

What you’ll learn in this episode: 

• Differences between the volatility of 2022 and the Great Recession of 2008

Layoffs and hiring freezes are growing rapidly, but the labor market is still strong. Some workers are implementing a new concept called  "career cushions" to prepare themselves in case of an unexpected job loss. According to LinkedIn statistics, members added 365 million skills to their profiles in 2022, which is a 43% increase from the previous year.

Many employees are "career cushioning," which means they actively seek new employment opportunities and plan to transition out of their current position as soon as possible. The term cushioning is borrowed from the dating approach that involves considering other choices to soften the shock of a breakup. In the workplace, this expression means preparing for the unexpected by keeping your options open and ensuring you have a safe place to land. Career cushioning includes preventative measures, like updating one's skill set, networking, and applying for open positions.

In this week’s career advancement edition of The Free Retree Show, career advisor Sergio Patterson shares how career cushioning can help you prepare for a job loss. Get tips on how to safeguard your career through career cushioning! 

What you’ll learn in this episode:

• How can career cushioning help you prepare for a job loss? 

Each person has a unique perspective on wealth and financial success, influencing their choices with their own money.   Adopting a sound and optimistic money attitude is crucial if you want to achieve your financial and life ambitions. But that's not always easy, when you feel like you're constantly in debt and have nothing left over after you pay your bills.

A positive wealth attitude takes time. Maintaining an open and adaptable mindset, discipline, and having unwavering commitment to your financial goals is needed. Beliefs have power over our reality. So how do we cultivate a wealthy mindset for financial stability? 

We are honored to be joined by mentor & advisor to ambitious professionals, visionary entrepreneurs/business builders & wealth creators Ron Moharta. Ron's mission in life is to encourage others to THRIVE and provide them with the tools they need to achieve their full potential in terms of influence, success, and wealth. Ron is a best-selling author of the books Eight Wealth Habits of Financially Successful People and Indoctrinated.

What you’ll learn in this episode:

• The important connection between psychology and wealth 

How many milestones have you set for yourself? Hundreds of goals? Thousands of goals? How many of these goals have you actually achieved? 

No matter how you look at it, success is difficult. Almost every successful person you know of got where they are today through relentless effort, laser-like focus, and unwavering determination.  Sadly, 70% of goal-setters don't succeed in doing what they set out to do. A variety of factors can hold people back from achieving their goals or living the lifestyle they desire. Hard work is one of the most essential factors for achieving success, but it would be unwise to assume that it is the sole requirement. There’s hope! In order to attain success, there are things people must prevent and let go of. 

With 20 years of experience in success coaching, Michael Mints is the perfect guest for this week’s topic. Michael helps executives and professionals break through ceilings that have held them back because success takes more than just hard work. With his strategy, he uncovers the potential of every person, to dominate their career and life. 

In this week’s episode of The Free Retiree Show, Michael shares the factors that prevent people from achieving success. Learn how being intentional and having a plan can help you on the road to success ,and the importance of  why you should celebrate success. 

What you’ll learn in this episode: 

• Factors that prevent people from achieving success

A wave of layoffs has swept across American businesses in 2022. Tech companies as big as Netflix, Meta, Twitter, and Google have slashed their workforce this year, and the once invincible real estate market is also starting to show signs of weakness. 

Businesses fail, industries dry up, and market demands shift.  It's time to realize that putting your job security in the hands of your employer isn't the best choice. It's time to begin banking on yourself for job stability, regardless of the sector you work in or how secure your business appears to be right now. 

The first thing to keep in mind if your company announces layoffs is to remain calm. Although being laid off is traumatic, now is the time to focus on building your professional network and developing your skills. In today’s episode of The Free Retiree Show, get updated with the status of the current job market. Learn the best practices to be prepared for possible layoffs. 

What you’ll learn in this episode:

• Which companies will be downsizing