The Higher Standard

So many people use Zillow or Redfin to determine the value of their home, but should they? Even if you get a value, how do you have confidence that it is the right one and not skewed by the wrong data? Realtors would tell you to leave it to the professionals, but a fun fact is that Realtors are not licensed to value homes, but rather only to sell them. Chris, Saied and Haroon are going to tell you how to value your home like a licensed real estate appraiser.

➡️ The great real estate professionals use this same methodology when they try to figure out what value to sell your home for or what the offer price should be of a home you are looking to buy. It's time you knew how to do it too.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

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🔗 Resources:

Notable data this week (Chris Naghibi via X)

Consumer confidence hits lowest level since July 2022 (Yahoo! Finance via Instagram)

U.S. Economic grows slower than expected in first Quarter (Yahoo! Finance via Instagram)

Avg. 30-year fixed mortgage rate is 51 bps below the cycle high (Lance Lambert via X)

Mortgage rates rise further above 7% (Yahoo! Finance via Instagram)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

If you have ever wondered if you can ask a question and be a guest on the show, the answer is absolutely... yes! Episode 227 of The Higher Standard podcast brings us a long time listener and first time caller, Vache. The young father-to-be sent a direct message to Chris about how to begin real estate investing and plan for his future. Saied, Chris and Haroon thought it would make a wonderful segment that would provide value to all. So we hope you like this analytical breakdown and personalized approach. If you have any questions or would like to be on the show, please do not hesitate to reach out.

➡️ Should the target inflation rate be 2%? The Fed is going to keep rates higher for longer after all. And, some interesting side hustle data that we thought would be compelling enough to share. Of course, no show would be complete without Haroon's growing pop culture segment.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you.

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: https://thspodcast.myshopify.com

🔗 Resources:

Inflation will likely be above the Fed's 2% inflation target for the rest of 2024 (The Kobeissi Letter via X)

The Fed is keeping interest rates higher for longer than normal (Yahoo! Finance via Instagram)

This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be 'More Attractive' Than an Office Job (Entrepreneur)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Do I need a corporation? Do I need an LLC? What the hell is an "S" corporation and a "C" corporation? We have been asked this question so many times that it became obvious we needed to provide some insight in to what you need to know and do before you build a business. Chris, Saied and Haroon are here to help you get your business started with the right foundation in episode 226 of The Higher Standard.

➡️ Inflation also came in super hot and layoffs are happening in the market with some of the largest companies in business today. We also have an extra sexy dose of pop culture coming your way with commentary on Coachella, Caitlin Clark, Joe Rogan, Max Holloway, UFC and more.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you.

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: https://thspodcast.myshopify.com

🔗 Resources:

Inflation comes in hotter than expected in March (Yahoo! Finance)

Where inflation is… and isn’t (Yahoo! Finance via Instagram)

Powell Dials Back Expectations on Rate Cuts (Wall Street Journal)

Credit card delinquency rates are still on the rise (Yahoo! Finance via Instagram)

Apple will lay off over 600 employees in California (CNET via Instagram)

Tesla plans to lay off more than 10% of workforce as sales slump (CBS News via Instagram)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

In a jam packed episode of The Higher Standard podcast, Chris, Saied and Haroon cover everything you need to know before you buy a property. They then jump over the the importance of financial literacy in schools before the hit the hardcore data segment. A big recession indicator is flashing red, total credit card debt is up while the saving rate is plummeting and the boy have concerns of the looming inflation print. They think we won't see a probably of a rate cut until likely July at the earliest.

➡️ Episode 225 is also the beginning of testing a third show segment where Haroon hits us with some popular culture topics to discuss. Some will be finance related, some will not be, but for those of you who wanted to hear more about our thoughts and a more intimate look at who we are. We got you.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you.

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

🔗 Resources:

Value of a financial education: why more schools are providing financial literacy classes (CNBC via Instagram)

The US economy is flashing a recession warning that has only been wrong once in the last century, top economist says (Kobeissi Letter via X)

Total credit card debt vs. savings rate (Kobeissi Letter via X)

Oregon Player comes forward as $1.3 billion powerball lottery winner, officials say (USA Today)

Lara Croft is the ‘most iconic’ video game character, new polls finds (NBC News)

‘House of the Dragon’ Drops ‘Dueling’ Season 2 Trailers as HBO Makes Viewers Choose Between Rhaenyra and Alicent (Variety) 

The UConn men's basketball team has won back-to-back NCAA championships (Variety) 

Bad Boys: Ride or Die (Screen Rant)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Years after reading an article on CNBC titled "There are 4 main paths to becoming a millionaire—and this is the easiest one, says money expert" Chris still feels like the salient points are still very much relevant to this day. Chris, Saied and Haroon kick off the show with Rich Corley's 4 paths to becoming a millionaire from his book titled "Rich Habits."

➡️ Episode 224 then pivots to a breakdown of Jerome Powell's love for Neel Kashkari, some fresh perspective on the FOMC's thoughts and methodology on what may happen next and an 800,000 payroll mistake.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you.

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

🔗 Resources:

There are 4 main paths to becoming a millionaire—and this is the easiest one, says money expert (CNBC)

Remarks from Chair Jerome H. Powell at the Macroeconomics and Monetary Policy Conference (Federal Reserve Bank of San Francisco)

We now have…Higher for longer back? (Kobeissi Letter via X)

The Fed’s preferred inflation measure rises to 2.5% (Kobeissi Letter via X)

Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000 (Zero Hedge)

Corporate Profits reach new highs & profit margins hover at historic highs (Yahoo! Finance)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Friends, please make sure your financial seat backs and tray tables are in their full upright position because we are about to tell you why you need a trust. Make sure your economic seat belt is securely fastened and all carry-on luggage is stowed underneath the seat in front of you like Diddy sneaking through customs or in the overhead bins like his drug mule.

➡️ We are going to dive in to the last Fed meeting, the impact to the rate environment and talk to you about how it impacts you in the near future. Then, even though home prices rose 2.4 times faster than inflation since 1960s, new home prices are now down 20% and THS is here to tell you why.

Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSP

Resources:

Top takeaways from Jerome Powell’s FOMC press conference (Yahoo! Finance via Instagram)

The FED Reserve posts record loss of $114 billion in 2023 (Yahoo! Finance via Instagram)

A rush of money has hit US corporate bond markets in 2024 (Mohamed El-Erian via LinkedIn)

Average rate for U.S. savings accounts (Chart of the Day via Instagram)

Home prices rose 2.4 times faster than inflation since 1960s (CNBC via Instagram)

New home prices are now down 20% (Kobeissi Letter via X)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

After many repeated requests, Chris shares his own basic investment strategy that took his personal growth portfolio from $0 to over $1,000,000 with as little oversight as possible. He provides you the names of the low cost index funds he uses, the allocation to each and then explains how he has built his portfolio from there. This is not investment advice; however, it is what he did to create his wealth in the markets and is still what he does today. This strategy will work for the novice investor and for most experts; however, your own risk profile will determine if it is the best strategy for you. The Higher Standard boys, missing Haroon, then turn to the landmark lawsuit settlement by the National Association of Realtors and its potential impacts to the housing market. They dive in to the stock market's wild levels lead by the Magnificent 7 and then cap off the episode with a quick look at the rental housing market with a new found economist.

Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSP

Resources:

What to Know about the New Rules for Buying and Selling Homes (Wall Street Journal)

Real Estate Stocks Slide Following Landmark Realtor Settlement (Yahoo! Finance)

U.S. Home Values Are Growing Faster Than National Debt (Investopedia via X)

Stock concentration is now at Great Depression levels (The Kobeissi Letter via X)

Rental Housing Economist (Jay Parsons via LinkedIn)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Chris, Saied and the spirit of Haroon are back at it and still playing with an updated beta version of the format for "The Higher Standard" podcast. We are trying to hit you right in the face before the intro, before the shenanigans with useful financial literacy. We are still going to get in to current events and our take, but we want to make sure that each and every single one of you find value within each episode. So, please let us know what you think. We start off today's show with the #1 one killer of wealth. Auto debt can be way more deadly to your financial prosperity than you know. In breaking this all down, Chris and Saied share their mistakes along the way. Then they hop on over to a detailed breakdown on why the jobs report is broken and why the numbers you are hearing do not match the reality of the world around you.

Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSP

Resources:

February jobs report: US economy adds 275,000 jobs, unemployment rate hits 3.9% (Yahoo! Finance)

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month (Zero Hedge)

Employment numbers actually fell (The Kobeisissi Letter via X)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

In this "The Higher Standard" episode, Chris, Saied, and Haroon mix humor with economic deep dives. They cover building a top credit score and analyze S&P 500's performance via Bloomberg. Next, they tackle CNBC's report on the Fed's latest inflation measure. They then explore SuperCore Inflation with The Kobeissi Letter and tackle rent inflation's mysteries with the Washington Post. Plus, they dissect dire predictions of a $34 trillion debt crisis and rising mortgage rates from Fortune. Join them for a blend of laughs and insights in today's financial seas.

Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSP

Resources:

S&P 500 Sector Performance (Bloomberg)

Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago (CNBC)

Core services less shelter inflation is a key metric that the Fed follows, also known as SuperCore Inflation (The Kobeisissi Letter via X)

Rent is driving inflation. But there’s something off in the data (Washington Post)

Pending homes sales are officially back below 2008 levels in the US (The Kobeissi Letter via X)

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’ (Fortune) 

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

The boys start the show right off the bat with a commonly asked about mortgage hack that will actually save you a whole lot of money. The problem is that it isn't really something too many people actually do. It requires discipline, planning and making sure your bank applies the payments correctly. The rest of the episode is spent diving in to the Fed and their rate cut paradigm. By all outward measures, the FOMC should take a victory lap in that they have gotten inflation back in line while employment remains strong according to the data. You do know that Chris, Saied and Haroon already don't trust the jobs reports though. Episode 219 of The Higher Standard brings you a lot to think about as far as what may come for the economy and how to plan for your financial future. Also, Chris needs to stop doing drugs, he thinks he can take The Rock.

Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSP  

Resources:

Interest rate cut expectations continue to scale back (Kobeissi Letter via X)

Assets: Total Assets: Total Assets Less eliminations from consolidation (St. Louis Fed FRED Economic Data)

Fed Minutes show unease over premature cuts (Wall Street Journal)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.