Month: May 2023

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The Problem with Hitting the Government Debt Ceiling (Ep. 80)

The Problem with Hitting the Government Debt Ceiling (Ep. 80)

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Most people don’t know that the government has hit the debt ceiling and the Treasury Department is struggling to balance the finances. What does this mean for the rest of America?

In this episode, Royal Standley explores what it means to hit the debt ceiling and why it is a big deal if there is no solution. He shares how hitting the debt ceiling impacts different levels of individuals, from government bodies to regular consumers, and how it impacts financial planning.

Royal focuses on:

  • What debt ceiling is and why was it created
  • Conservative versus Liberal viewpoints on the amount of debt owed by the government
  • What could be a resolution with two conflicting parties
  • What can listeners do with their own finances to guard against this type of scenario
  • And more

Connect with Royal Standley:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

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The Impact of Social Connection on Health (Ep. 79)

The Impact of Social Connection on Health (Ep. 79)

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During the shutdowns, those with social connections in their home or online experienced joy from not leaving the house. The reason? They had no reason to go out because they were still in contact with their friends and loved ones.

In this episode, Royal Standley explores the importance of social connections on longevity and health. Royal shares how different age groups can expand their communities and societies shift by taking the time to connect with those around, whether it’s calling up a friend, joining a local group or mentoring the next generation. 

Royal discusses:

  • How the pandemic revealed the impact of social connections on mental and physical health
  • Where and what types of relationships can be cultivated as a person grows older
  • How retirement communities encourage and build relationships between residents
  • The importance of taking the time and effort to connect with others
  • Spending time and building relationships with family
  • And more

Connect with Royal Standley:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.

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2023 So Far: Analyzing Common Concerns and Trends (Ep. 78)

2023 So Far: Analyzing Common Concerns and Trends (Ep. 78)

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During the first few months of this year, there has been a lot of news causing financial uncertainty and impacting the country’s economy.

Is the rise of the Chinese Yuan something we should be concerned about? What movements are we seeing in the stock and bonds markets? Is it a good idea to invest in precious metals to cope with uncertainty?

In this episode, Royal Standley analyzes the topics that have stood out the most in the first part of the year and those that have also generated panic and uncertainty in the market. Royal talks about the importance of planning and organizing our wealth during advanced ages of life, the current situation of the uncertainty of the US dollar with the rise of the Yuan, and the actuality in the stock and bonds markets.

Royal discusses:

  • Common concerns related to the banking system, currency, and national debt
  • An increase in dementia diagnosis and the need for planning and having conversations about long-term care early on as cognitive decline is a natural part of aging
  • The concern about the potential impact on the US economy if the Yuan were to rise and the US dollar were to fall
  • Why individuals should be cautious when buying precious metals as a way of coping with the currency uncertainty
  • How social media only covers panic in the markets and ignores factors that create stability
  • The current state of the stock and bond markets
  • The importance of having a diversified portfolio
  • And more!

Connect with Royal Standley:

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action.  Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change.  All investing involves risk, including the potential for loss of principal.  Securities offered through United Planners Financial Services (UP), Member FINRA/SIPC. Advisory Services offered through Oregon Pacific Financial Advisors, Inc. (OPFA). OPFA & UP are independent companies. Neither OPFA nor UP offers tax or legal advice.