Action Academy | Millionaire Mentorship For Your Life & Business 🚨What's Going On With Tariffs - The Economy - And Three Things We Can Do About it
Apr 11, 2025
The discussion dives into the impact of tariffs on the economy and personal finances. Listeners discover three strategic approaches to shield their financial portfolios. The conversation emphasizes understanding key cash flow metrics to weather economic fluctuations. It also highlights the importance of expense control and building a solid financial foundation. Finally, the host shares investment strategies targeting liquidity and small businesses, while stressing the value of networking and surrounding yourself with positive influences.
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Tariffs and Their Impact
- Brian Luebben discusses Trump's tariffs and their potential impact.
- He aims to explain the situation and offer ways to protect finances.
Purpose of Tariffs
- Trump's tariffs aim to incentivize domestic production.
- This is meant to counter high tariffs on US goods by countries like China.
Companies Respond to Tariffs
- Companies like Apple rushed goods from China before tariffs hit.
- Luebben's friends in the medical device industry saw margins halved due to tariffs.