Latest / Financial Survival Network / Prospering in Tough Times -- Herman DeBoard III #5892

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Prospering in Tough Times -- Herman DeBoard III #5892 · Financial Survival Network

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  Well, I mean the solutions to me is, you know, you have
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  to put more money into the small business. I mean, small business is
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  the backboto of the economy. It always has been. I mean we're talking.
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  I think it's like forty five percent of the economy is driven by small
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  business, and so you have to really look at programs that's going to help
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  small businesses grow. And when those small businesses grow, more money's put into
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  the economy, and that's how everything grows from the bottom up. Really,
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  you're listening to carry Lutz's Financial Survival Network, where you get valuable information you
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  just can't find anywhere else to thrive in today's trying times. You need the
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  Financial Survival Network now more than ever. Go to Financial Survival and Network dot
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  com and get your free newsletter and gift. Financial Survival Network now more than
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  ever. Welcome, you are listening to watching the Financial Survival Network. I'm
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  your host Carry Lutz. Hey, we're just about into September, the core
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  of crashes, so it's appropriate that we talk to Herman Deboord. Herman your
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  Air Force veteran and currently working towards the goal of connecting the world like never
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  before. We appreciate you coming on, or are we talking about the flaws
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  of the current occupants of the White House so called biden Nomics, where it's
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  gone wrong and how it's hurting small business Herman, Welcome aboard, Thank you,
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  thanks for having me. So biden Omics, what exactly is it,
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  because I don't really know what it is. Well, I mean, what
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  it seems like is it's a program that's helping larger businesses. They're actually putting
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  money into larger businesses, but it's killing the small business. I've been starting
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  businesses since two thousand and five. This is my fourth business that I've started.
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  I've exited the other three, and so it was much easier when I
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  was when I was doing this earlier. And now inflation and I mean they
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  says biden Omics to me, it's just an inflation tool that's just killing us.
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  From manufacturing to employee charges to you know, trying to find credit for
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  different things for your business. It's it's just gotten way out of hand for
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  the small business. That's death by a thousand cuts. Absolutely absolutely, yes,
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  I mean we have we have independent contractors. Half of our businesses,
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  the service business, half of our businesses manufacturing with different things like fiber optics,
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  and so if we're in the service side, we have to look at,
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  you know, how much are we paying our employees, how much are
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  we paying our contractors because they have to survive in this economy that is obviously
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  failing. And then from the manufacturing side, you know, it takes a
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  lot of money to get things manufactured and get them into different clients. And
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  so even that has been very, very difficult to not only find products,
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  but to find the credit you need to get those things going. Right.
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  Yeah, the credit to crunch now that's taking place due to the banking crisis
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  is kind of the final deathbale. We had the pandemic for two years.
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  It's stifled businesses in many states across the country, and we're just barely recovering
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  from it. I was in the Las Vegas and my barometer was I was
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  on the upper floors of the Canal Shops, which part of the Venetian and
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  the last time I was there, i'd say about three quarters, two thirds,
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  three quarters of the shops we're basically gone. Now the stores are mostly
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  full with what I've seen has happened along the theme you're talking about is that
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  the bigger retailers, the luxury retailers, the Louis Vutals, the Gucci's,
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  all of them have expanded what were smaller stores into larger areas. But I
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  haven't seen the smaller companies come back yet. Yeah, and that's going to
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  be a problem. I was just in Vegas last week actually, where we're
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  expanding into that area too, and I think you're right. I was over
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  at Aria and when you walk through their shops, that's what you're seeing.
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  You're seeing the Louis Battons, you're seeing the mulatto as, you're seeing everything
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  that's getting bigger. All those stores are getting bigger. But there was very
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  few people actually in there shopping as well. And so yeah, I think
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  now we're looking at there, they're threatening that another wave of the pandemic is
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  going to come back. And what's that going to do to us in the
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  small business world? Good question? All right, So solutions here? What
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  are the solutions? Well, I mean the solutions to me is, you
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  know, you have to put more money into the small business. I mean,
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  small business is the backboto of the economy. It always has been.
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  I mean we're talking I think it's like forty five percent of the economy is
• 4:46
  driven by small business and so you have to really look at programs that's going
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  to help small businesses grow. And when those small businesses grow, more money's
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  put into the economy, and that's how everything grows from the bottom up.
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  Really right now, looking at this this kind of a top down approach,
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  which is kind of odds for a democratic system to be doing that, a
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  democrat regime or whatever you want to call it. But I think that's the
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  solution, is you've got to look at better programs for small businesses that puts
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  more funding into that instead of billions of dollars elsewhere. We could we could
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  really fix our economy right here. Yeah, But don't you think it's good
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  to have a green economy? Do I think it's good to have a green
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  economy. I think it's premature for agreen with green economy, I really do.
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  I think you're looking at decades out and I don't think that's doing any
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  good right now. I really don't, at least not for my me and
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  my business. Yeah, but climate change, you know, it's destroying the
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  country in the world, isn't it. Well, I mean there's a lot
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  of I think there's a lot of assumptions that are that are made around that,
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  where you know, we have to go green, we have to have
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  electric cars. But then you know, you look at the other side of
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  the argument where electric cars are still powered by you know, coal and natural
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  gases, and it's, uh, it's it's kind of a funny situation that
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  we have going on here. So you know, I just think we don't
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  have the infrastructure right now to set m up green economy. It's great that
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  they're trying, but I think they're they're just going a little too far right
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  now, and it's damaging the economy to to a point where I hope we
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  can get it back. But again, if we have this second wave of
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  this this pandemic and they start forcing everybody on lockdowns, it's it's probably going
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  to get more ugly than it is now. You think lockdowns are coming,
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  I mean that's what I'm hearing. So you know, only time will tell.
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  But they're talking about this new wave of of COVID and uh MASK mandates
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  are already happening in a couple of states, and at one university I heard
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  yesterday, I know I'm going to do lockdowns again. Herman I got to
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  take issue with you. They might do the mask ridiculousness, but they're not
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  doing lockdowns again. I don't think it's ever got I didn't go for that.
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  Here where I live, we didn't go for the lockdowns last time,
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  so you know, I guess a lot of the country did, though.
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  They just did whatever they were told. Yeah, I mean, I wouldn't
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  put it past them to try it. I just I wouldn't. I just
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  don't think it's going to happen, honestly, because the only reason it could
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  happen was that all the states, to some extent, maybe South Dakota didn't
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  do it, but everybody did a lockdown of some sort. And the states
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  that ended their lockdowns before the other states that kept them going had no worse
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  mortality on a per capita basis, even less in Florida than they did in
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  New York, in Pennsylvania and other godforsaken places. Like I agree with you,
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  I completely agree with that, and I think our we're in Colorado,
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  and you know, they had lockdowns. This is a Democrat run state,
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  but in my area, in my city, in El Paso County, it's
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  more Republican side, So we didn't really go some of moneard them and they
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  way away see how that works. But but seriously, over half the states
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  will not do a lockdown of any description, so that means that the other
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  states do, and then that accelerates the flight of citizens out of there.
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  I mean, hey, I'm in Florida. It's the worst thing that ever
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  happened to this state and the best thing. You know, population went up
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  five or ten percent, and you know, we're still trying to deal with
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  all the arriving residents. We still have a shortage of housing inventory. No,
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  I think that is a pig in a poop. They might try the
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  masking, but I think a lot of states won't even bother with that nonsense
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  anymore either. Yeah, you know, and I travel a lot for my
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  business, so you know, I'm not looking forward to seeing what the airlines
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  are going to do and seeing what the hotels are going to do, because
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  I'm in different states all the time, and it's it's just interesting to see,
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  like you said, how each state handles it very differently. Yeah,
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  this is a red herring. They're getting ready to do something else, and
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  this is what they're throwing at us to distract your tension from it. Hey,
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  so three things the current administration could do tomorrow to help lift the burden
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  on small business. You know, I think they've got to open up more
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  funding for small business. They've got to out they've got to create the credit
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  lines that we need by reducing the interest rates. And I think we've got
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  to open up more manufacturing lanes for us for those of us that are in
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  the manufacturing era. And so you know, it's to me if he just
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  did those three things, that would help us tremendously. All right, But
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  you know the problem is government did all those p PP loans, well,
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  the EIDL loans rants, and like fifteen percent of it got stolen. Right,
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  going to be any better at it this time? Herman? Probably not.
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  I mean it's the government. I mean I spent thirteen years in the
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  government, and I know how corrupt it can be, and so you know,
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  it's I don't think they can do better at it, but they have
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  to figure out a way to get more more funds into the small business owners.
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  I think that PPP thing that was that was kind of a joke where
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  you know, they had billions of dollars stolen in that where people were just
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  buying cars and houses, and you know, I'm not sure I didn't apply
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  for that, so I'm not sure what the criteria was. But anyway,
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  I mean that's I don't know that they could do it better, but they
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  definitely need to start doing something for it. All right, Well, we
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  agree with you there, Hey, Herman website way for people to connect with
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  you on the web. Yeah. Yeah, our our companies Hoover dot com,
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  HUVR dot com. Uh, and we've got some pretty interesting things going
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  on for sure. All right. Link in the show notes this interview on
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  Financial Survival Network dot com. Make sure you sign up for your free newsletter.
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  Question for Herman myself email k l at Kerry Lads dot com. Herman,
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  thanks so much for stopping by, pleasure to speak with you. Thank
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  you, Carry, thanks for listening to Carry Leeds's Financial Survival Network your solution
• 10:56
  to today's trying times for the Let us go to Financial Survival Network dot com.
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  Financial Survival Network now more than ever