After graduating from law school, Kerry became an attorney, and serial entrepreneur which included; running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company. After the 2008 financial collapse, he dedicated himself to helping people protect and preserve their wealth by re-balancing their investment portfolios away from Wall Street. Kerry also hosts a podcast since 2011 with nearly 9,000 episodes.

Watch The Episode Here:

Listen To The Podcast Here:

Transcript:

Announcer:
Welcome to the Global Investor Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host Charles Carillo combines decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now, here’s your host, Charles Carillo.

Charles:
Do you have money sitting in the stock market? And you’re worried about it or worse. You have money sitting at the bank, not keeping up with inflation. My name is Charles Carillo, founder and managing partner of Harborside Partners. And since 2006, I’ve been investing my money and my family’s money into income producing properties. These are real assets, real properties with real addresses that produce real cash flow. At Harborside Partners, we provide passive investors who love real estate with a turnkey investing solution. If you want to put your money to work in real estate, but can’t find deals, don’t have the time to get funding in. The last thing that productive people want to do is manage real estate. We find the deals. We fund the deals and we manage the tenants, the termites and the properties. Partner with us at investwithharborside.com. That’s investwithharborside.com. Go to investwithharborside.com. If you love real estate, you like the idea of passive income and believe that income producing properties will appreciate over time. Go to investwithharborside.com. That’s investwithharborside.com.

Charles:
Welcome to another episode of the Global Investors Podcast; I’m your host Charles Carillo. Today we have Kerry Lutz. After graduating from law school, Kerry became an attorney, and serial entrepreneur which included; running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company. After the 2008 financial collapse, he dedicated himself to helping people protect and preserve their wealth by re-balancing their investment portfolios away from Wall Street. Kerry also hosts a podcast since 2011 with nearly 9,000 episodes. So thank you so much for being on the show. Carrie.

Kerry:
Hey, a pleasure to be here with you, Charles. I’m honored.

Charles:
So give us a little background on yourself prior to getting involved with what you’re working on now and with your show. I think it’s right around somewhere around the great financial crisis.

Kerry:
Yeah. Well, in 08, 09, uh, you know, everything was going to hell in a hand basket, and I pretty much thought that this was the moment that we’d all been waiting for that, uh, the Austrian economist had predicted and foresaw for many years out there, and I was wrong. Uh, but I did manage to buy gold at its cycle, low and silver, and did quite well on that. And my business was still good. The distressed asset business still good, but there were storm clouds on the horizon and I felt like, you know, I just wanted to do something that I felt gave more meaning that I would enjoy, and I kind of stumbled on the world of podcasting and that led led me down a path to where I am today, where, you know, I’ve been doing it now for 11, going on the 12 years and, uh, definitely been the best journey of my life.

Charles:
Fantastic. You mentioned something there, and I I, unless people are listeners to your show or they listen to like Peter Schiff, they don’t really understand what Austrian economics is. And can you explain, um, you know, high level what that is and the beliefs of people that, um, read about that and believe in that?

Kerry:
Sure. Well, basically, Austrian economics is really about the free market and the theory being that markets function best when they’re left to their own devices, and meaning that, uh, government intervention is kept to an absolute minimum. And you view the government’s role as referee rather than, uh, referee and participant. Imagine, uh, if you’re in a sports game and the guy who, uh, is the referee also has a huge bet on your opposing team, do you think you’re gonna get fair and reasonable decisions outta that referee or is every decision gonna go against you? So with that, the theory that free markets work best, they don’t always work perfectly. Uh, there’s always dislocations, but markets provide information to the participants in those markets in the form of prices. And when the government interferes with the pricing mechanism, they wind up giving false information or incorrect information to the participants.

Kerry:
And perfect example of that, bringing it current is the zero interest rate policy that our government, our central bank and the world’s governments and central banks pursued for many years unsuccessfully. Alright? The only thing that resulted in was higher levels of debt. But think about, we’ve got a concept in Austrian economics called Mal investment, and those are, that’s money that due to these policies goes into places where it shouldn’t, and you only have to look to China at the Ghost cities they have there. Uh, the only way they’ve been able to fill these ghost cities is by ordering people to move their businesses and their homes there, or look at it here during, um, the real estate collapse in oh eight and oh nine, where they made it so cheap and effectively people believe that, uh, they make economic decisions based on rate of return.

Kerry:
When interest rates are held artificially low, a lot of the decisions are made to pursue investments and businesses that really don’t make economic sense were the natural rate, uh, the natural interest rate, meaning the market interest rate, if that were to be allowed to happen. And then you wind up with crashes in the business cycle oh eight and oh nine, um, you can’t really call the pandemic as a result of the business cycle, but, uh, we go back and, uh, every 14 years or so there’s a, uh, recession and then the government sets the printing presses on full speed ahead, and then seemingly that’s over. But it’s setting the stage for the next and the next if we had sound money. Oh, and the other thing is in today’s world, we had the everything bubble, real estate, cars, student loans, um, the stock and bond market, you know, securities markets, all these markets were at bubble ranges. Now, in the good old days, you had bubbles, uh, led to, uh, excessive exuberance and overs, speculation in markets, but you only had it in one market at a time. You couldn’t have the everything bubble. And as we know, all bubbles, all bull markets end with a bust. So the concept of a soft landing that the Federal Reserve is espousing, uh, just could not be further from reality, will be lucky if they manage to, uh, land this 7 47 with the gears up and we have a crash landing and the plane doesn’t blow up.

Charles:
So what? Yeah, yeah. No, that’s, that’s a great explanation of it. And I always feel, um, you know, I listen to Peter Schiff and stuff like that, and his big thing is, and I totally agree with it, is, you know, the, the free market gets a really bad rap when they are, um, when we tell, oh, this is because of the free market and we don’t really have a free market. We have so much government intervention and everything, just like you said, um, between Sally Mae with student loans to, I mean, how many mortgages out there are guaranteed by the government. And it’s something that when it all went up, it’s, it’s much different in other countries where we actually, in other countries, actually require a sizable down payment on properties and stuff like this. And the government’s not as much involved with it, which is that you’re having much more sound, people that are lending the money, um, making decisions on it.

Kerry:
Well, think of it this way, how much do you think a college education would cost if there was no government financing available for you to pursue your degree? It would be a fraction of what it is now. So government intervention in these markets actually serves to inflate the prices. Mm-hmm. <affirmative>, what do you think the price of the house would be if there was no government backed 30 year mortgage? No fanny, no Freddie, and whoever else is left. Um, it would be a fraction of it. So what would a car cost if you had to pay cash for it and you couldn’t get, uh, these crazy loans? Uh, the fact is that the banks feed the inflationary frenzy and then eventually, uh, you see what happens, they blow up and then, uh, the government’s gotta step in because you can’t have depositors, uh, on the hook.

Kerry:
And last time they bailed out the management and the depositors and the creditors. This time it appears that they’re not willing to do that. And the reasons are obvious, uh, the, the blow back and the disgust by, uh, average Americans, not that they care about that, but they do at least once every two years or every four years, uh, was enormous. So last time during the pandemic they said, all right, we’ll bail everybody out, but we gotta bail out Main Street too. And they did to a lesser degree. So at least Main Street got its peace, but at what cost? The cost now is inflation. Uh, the inflation which will last if we don’t have a total complete economic meltdown, it’ll last 10 to 20 years. That’s how long inflationary cycles do. 68 to 82. And I would argue it was even longer than that.

Kerry:
But, you know, so from my standpoint, this is the reality. If they don’t blow up the system and we’re all screwed, then, then how do you profit from It really is the question. And uh, I think you’ve got part of the answer. It’s real estate, it’s precious metals. Mm-hmm. <affirmative>, it’s alternative investing. It’s owning assets for which you can realize cash flow that will at least go up as much as inflation, or even if it doesn’t, assets that are leveraged, that uh, the debt becomes worth less and less as the asset appreciates. And I’ll give you a perfect example of the strategy working. Now, there are times when it doesn’t okay, times when it doesn’t. But you have to go under the assumption that inflation rewards debtors and penalizes savers. And I remember my father built a house in a leafy suburb of New Jersey, well-known suburb, uh, known as one of the wealthiest suburbs in the country, but we were not by any stretch wealthy.

Kerry:
We were middle class, uh, reaching, living beyond our means. Uh, but my father built the house so it was at a discount. So he was smart there. That house cost, I think $56,000 in 1963, which was wow. Pretty healthy for a house with the land. And he had a mortgage on it. And eventually my mother sold that house in 1984 for, uh, around $400,000, which is pretty decent return, you know, close to eightfold return for a, uh, 20 year investment. Uh, 63 to 84, might have been 83. Don’t quote me on it, don’t quote, looking up the property records. And I say, Hey, you said this, I’m giving you approximate numbers. So 56,000 and uh, I think my father fully financed it because he was the builder and back then, uh, he just said, uh, general construction fees. And he was able to do a hundred percent financing.

Kerry:
So he had a 50 some odd thousand dollars mortgage, the monthly payment, which sometimes was difficult, it was probably about 350 bucks plus a hundred bucks a month in taxes, maybe 200. Fast forward to 1983, the mortgage was mostly paid off. I don’t think we ever had a mortgage burning party. And you know, my mother was still paying 350 bucks a month, probably $500 a month in taxes. Her taxes went to more than the mortgage and she sold it. And as bad as inflation was, it hadn’t gone up eightfold during that time. So there was a real profit there of probably several hundred thousand dollars. And let’s face it, you gotta have a place to live. You know, you gotta either gonna rent it or you’re gonna buy it, or you’re gonna be a squatter somewhere, right? But you gotta have a roof. And, um, so if we figured out what the imputed rental was for all that time, you know, maybe, maybe the imputed rental was a thousand dollars a month, cuz it was a big house, you know, still come out way, way ahead. So it was a thousand dollars on average a month. That would mean that, uh, the cost of the place was about 240,000 in rent. So you, you could, you know, that’s how the government calculates this stuff, you know, owner equivalent rent, right? O r Yeah.

Charles:
And that’s why it keeps the inflation down too, cuz that’s, everybody will always say that they’d pay less for their house than, you know what I mean, than it really would cost if they went out to rent it.

Kerry:
Yeah. Yeah. So if they had rented it, uh, then the house would’ve been free basically, cuz the rent would’ve covered all of the, the cashflow would’ve covered it. And uh, so that was effectively income there. That doesn’t go on any tax return, but point being here that that house now is probably selling for a million and a half to $2 million 20 years later. Right? And, uh, probably the people had a 350,000, $400,000 mortgage, right? So what’s the debt service on that mortgage now back then, 83, they probably refinanced it 10 times since then. But let’s just say they stuck with that mortgage. It was 8%. They were paying, uh, you know, $3,000 a month. Now the taxes are probably 2000 a month. But, uh, the house in that period of time went up, uh, three to four times or four, three and a half to four to five times.

Kerry:
I mean, that’s pretty good return. I mean, I saw when five years ago, six years ago, they put it on the market or I think 1.4 million. So, you know, and real estate prices and that area have only gone up. My point being that this is inflation working for you. And if you had, you owned that house and you rented it out all this time, you could then sell it, make a million bucks. Alright? And, uh, the formula’s pretty simple. Now, it’s not to say there aren’t periods of time because you can’t go look at a, uh, ticker to see what your house is worth. You can look at Zillow and get an approximate number, but you don’t know from day to day whether your house went up a thousand dollars this month are down, which as, uh, some investment experts have said, that’s a good thing.

Kerry:
So you’re not totally obsessed. Obviously if you keep refining till you die and you keep taking your equity out, your profit’s not gonna be that great at the end. The key is when you buy assets, you can refi and then buy other assets. So assets that have a return really go for a premium here. And hey, I don’t know what the future’s gonna be, but if it continues on, like the past, investing in inflation, as will Rogers said, invest in inflation. It’s the only thing going up that is a virtually surefire way to, uh, pay for your retirement.

Charles:
So Carrie, when you’re making your investment decisions, um, how important is taxes? Cause we’re talking a lot about inflation, we’re talking about infl, uh, investing into inflation, um, assets that, uh, adjust with inflation. I mean, how, how do you work taxes into your investment decisions?

Kerry:
Well, you know, there is a number of ways, uh, tax saving strategies, I’m not the expert on it, right? But I look, uh, to take all the, I look at, um, taking all of the available, uh, deductions for me and, uh, taking losses at the time when, uh, profits are gonna be taken so I can, uh, minimize it. And really you have to look at, uh, taxes as just part of the landscape. You know, it’s just like the crime rate. Uh, although some might argue that taxes are a form of theft and, and that’s basically how you do it, uh, in my book. And if there’s times where you could do investment property, 10 31 exchanges, uh, cost segregation studies, all these things, you take it, anything that’s legally available, you take and, you know, you try not to be too aggressive because, uh, you know, if you’re a pig you get slaughtered, but what’s legally allowable you take, it’s that simple.

Charles:
So with you mainly focusing on alternative assets, do you still invest into the stock market at all or any equities or anything like that?

Kerry:
Oh yeah, but I look to do that at a discount and I look to do it based on, uh, superior knowledge and uh, you know, uh, that’s, that’s pretty much how I do it. I like private placements a lot. They’ve, I’ve done really well on most of them. You know, you’re gonna have your losers, uh, even Warren Buffet has losers, although he probably has less than you and I, but, uh, I want to do it based on industries I understand as well as I can that are relatively transparent, um, that have, that I have an edge in. And that just happens to be uh, uh, junior mining and junior energy. I feel like I have somewhat of an advantage there and I like to get close to the management. Excuse me.

Charles:
Interesting. Yeah, that’s great. Investing in assets that you understand is probably one of the biggest takeaways from learning about Warren Buffet. And that’s something I believe you can take into, um, for many years into the future, no matter what changes because many people get involved in investing into, um, assets that they don’t understand. Not saying they’re bad, bad investments, but they’re just might be things they don’t know. It’s like when people explained to me years back about crypto, but they didn’t really understand it, they couldn’t explain it to me. And it’s like, well maybe I’m not saying this is bad. Maybe this is something that you just don’t understand. Something you have to learn more about.

Kerry:
Yeah, yeah, exactly. You shouldn’t invest in something if you don’t understand it because when something goes wrong, you won’t really understand what you need to do. And I’ve been in that situation before. I mean, it’s happened to me. And uh, if you don’t understand it, stay away. This is the thing, like buying the big banks, you can buy them on cycles, but just because they get hit and they’re going low, you can I challenge anybody out there other than somebody who’s an auditor to actually look at their financials and tell me what their total risk exposure is. Cuz I don’t think it can be done. And I remember I was at, um, this was in oh eight after the, uh, banking collapse. I went to, uh, presentation up in the 92nd street Y in New York by this guy, I think his name was Charles Winter, it’s called the Winter Green Fund Fund.

Kerry:
And, uh, he was a value investor and somebody asked him, Hey, Citibank is down 80% or 70%, is it a good buy? And he said, look at their balance sheet and you know, there might be something hidden in the hundred 50th footnote and you’ll never catch it. You will never catch it. And it could mean that it’ll go down even more. Maybe it was down 50% at that time. It was a high flyer prior to the, uh, collapse and then it got hit. But before the bailouts took place before anybody understood what happened, and he was exactly right. So I like industries that are transparent. So mining, uh, stocks are transparent in as far as their finances go, their news releases, everything else as far as whether they have a real project and a real company, you can infer those things. But the actual financial statements are transparent.

Kerry:
I like industries where, hey, you look at Coca-Cola, maybe it’s more complicated now, but you know, their business is, uh, get making America fat, right? And that’s definitely a growth industry on several levels. And, um, you know, it’s worked for Buffett and they, they make billions of dollars. We’ll see in the future as people become more enlightened about what they put in their mouths, determining their lifespan and their health span. But, uh, obesity has been a really good play. McDonald’s, all your fast food places and your crafts, your, uh, proctor and gambles all those companies, basically Ben obesity plays. And, um, so I like transparency in a company and just like when you’re looking at a real estate deal, you’re gonna go send an inspector out there. So you’ll have transparency on the quality of the property, the cash flow, you’re looking at all the, uh, the rent roll reports, you’re looking at the repairs, the utilities, all the costs. It’s all out there for you. So you can make an informed decision whether this is right for you or not. Obviously, when you’re dealing with the stock market, it’s not all black and white. Right?

Charles:
For sure. Uh, I wanna touch on something that I read about you, uh, previously and talking about under buying undervalued assets. And you ran a distressed asset investment company, and I believe it was around credit card debt. Um, I mean, can you go into more detail of what your business actually did, the assets that you were picking up and how were you valuing those as someone that understood that asset class?

Kerry:
Yeah, so, you know, that was kind of during the golden years before there was a huge consumer backlash. Uh, so we’d buy debt when we started out. Sometimes we’d buy it as little as a penny on the dollar, um, to, towards the end when the industry started becoming rational, 10, 12 cents on the dollar. And we’d look at, uh, opportunity initially just collecting 12 cents on the dollar, but later on we realized we could collect 25 to 35 cents on the dollar. And that’s with all in costs and everything. So, um, you know, there were ways of doing due diligence on portfolios of assets and it wasn’t just credit cards, other things secured assets and you know, but basically unsecured assets we like best. And you would review it and in the end it could be a dog or it could be great. So who is selling it to you is very important because, you know, you had to know your seller. And the same things we look at here in, uh, in any industry buying anything. You know, you prefer to buy your next real estate property from somebody who’s been around for 35 years rather than some shady fly-by-night character who, uh, has massive amounts of judgments against them. All that. So who you’re buying from, very, very important.

Charles:
Interesting. So over the years, Carrie, as we’re wrapping up here, how has your relationship towards money changed?

Kerry:
Well, you know, I always like to say I’ve, I’ve, uh, made five fortunes in my life and I’ve lost three and a half of them. Okay? So the best experience, you can’t, you know, my father always used to say, if you get into a new business, you’re going to pay for lessons. All right? You’re gonna pay for lessons. And every business I’ve gone into, I’ve paid for lessons. Some of the costs were less than others. And what I’ve learned is that, uh, you’re never a failure unless you believe you’re a failure. You’re never a loser unless you believe you’re a loser. And as long as you’re learning from the mistakes you’ve made, then, then eventually you’ll succeed. And if you don’t give up, never given up, never been a quitter in my life. And this is what I try to get through to people is that, um, persistence, perseverance, um, Woody Allen said, and I love this saying, 80% of life or 90% of life is showing up.

Kerry:
And look, keep your goals firmly, firmly in place. Never, ever, uh, forget what it is you’re working towards and why. The why is so important. Now, of recent years, I realized a lot of the businesses I’ve been in, I didn’t really like, I didn’t enjoy for various reasons. Um, high stress, um, bad customers, bad partners. Uh, so I decided I wanted to be in a business that I enjoyed, that I loved what I did. Uh, they always say, love what you do and you’ll never work a day in your life, right? Um, there’s some truth to this following your passion. It’s a cliche at this point. There’s a million people on the internet telling you, follow your passion. But if your passion is collecting, uh, nails or valueless items that never will have value, what good is that gonna do? You? You better find another passion and you might be in a business that isn’t your passion.

Kerry:
Well, if it’s really profitable, make it your passion. Alright? Um, just like I don’t believe there’s one soulmate in life, you could have multiple soulmates. There’s not one passion. You might have certain things you like to do the best, but you know, I’m passionate about, uh, earning an above average income. That’s my passion. Now that doesn’t mean I’m going to sell my soul to do that. I won’t do it. I have certain values, integrity that uh, I’ve built up over the years and I have a name that I don’t wanna ruin. But when you take all these things into account, yes, follow your passion. But if something isn’t your passion, ask yourself why? Why am I not following my passion now? And nine times outta 10, you could be passionate about a number of things. Probably you don’t, you haven’t learned enough, you don’t know enough, you don’t see a pathway to success, you’re frustrated.

Kerry:
And the reason you’re not passionate about what you’re doing is emotional and look like nobody wants to clean bathrooms. Alright? Uh, but that is an honest living. But you’re not. You have to see what you’re doing in the broader scheme of things, alright? And that means that why is what you’re doing important? Even the most trivial job in society is important, uh, to the overall whole. Uh, that showed dirty jobs by Mike Rowe. We couldn’t live without those dirty jobs being done. You know, being a bridge painter in New York City, it’s great because, uh, you’re part of a union in the east, uh, maybe not so great in Florida here, but you’re still getting paid above average income cuz nobody wants to do that job. But it is essential. You can’t have highways without bridge. Painters can’t do it. So in a way, all a society is depending upon you, the bridge painter to do a good job and paint that bridge properly.

Kerry:
And, you know, some of the happiest people I ever met, granted the job doesn’t exist anymore, especially in Florida, were toll booth attendance. You know, they loved what they did, they loved coming to work every day. So it’s all mindset is what I’m saying. But if you absolutely don’t think your job is a pathway to success, then you need to change. And you might as well change into something you feel passionate about. But following your passion can often lead to failure. Alright? How about be passionate about what you’re doing now until a more profitable passion comes along. Don’t just say, I love, uh, being a puppeteer, so I’m gonna go get my PhD in puppeteering and then I’m gonna go try to make a living. You know, useless degrees. Following your passion is not necessarily obtaining a useless degree from a useless college. Uh, all of the real learning that takes place in life.

Kerry:
And Oscar Wilde said it best, and I’m a quote collector, if you hadn’t noticed anything worth learning, can’t be taught, but I would put a asterisk. Now, anything worth learning might be difficult to learn, but you can learn it from the internet. And uh, I’m always reminded of this other quote, a um, a smart person, an intelligent person can learn from their own mistakes. A truly wise person learns from the mistakes of others. And you know, I was in business with my father in the printing company and definitely not a company I was passionate about by any stretch, but I managed to build it up pretty well. And uh, he used to let me make mistakes on my own and then we’d do a postmortem of those mistakes. And throughout time when my father was gone, I’d still do postmortems of my blunders to this day. And honesty about your mistakes, that’s how you learn from them. Don’t beat yourself up about it. Don’t self-flagellate learn. Put it aside. Go on. I think the best thing you can do is when you’re analyzing a blunder, alright? Find a lesson and then find something to laugh at. Alright? Something that you like screwed up, that’s ridiculous, that’s hysterical. Laugh at it, that will enable you to let go of the pain and move on and take the lessons with you.

Charles:
Oh, very well said Carrie. So how can our listeners learn more about you, your business and also, uh, your podcast that’s going on? 10,000 episodes or 9,000 episodes?

Kerry:
Yeah, yeah, we’re getting close. Um, it’s simple financial survival network.com and, uh, uh, we aggregate a lot of news, alternative news that the media doesn’t, uh, provide you with, which is why the current crisis is no surprise to yours. Truly the exact timing. Yeah, I didn’t know when it was gonna be, but I knew after the pandemic was happening. So just go there. We got a YouTube channel, Carrie Lutz’s Financial Survival Network, and uh, you could just do a Google search and uh, and that’s about it.

Charles:
Well, thank you so much for coming on today, Carrie. And um, yeah, looking forward to meeting you sometime face-to-face.

Kerry:
Hey, likewise, since we’re neighbors,

Charles:
Have a great rest of your day.

Charles:
Hi guys! It’s Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in get involved with real estate, but you don’t know where to begin, set up a free 30 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com. Thank you.

Announcer:
Thank you for listening to the Global Investors Podcast. If you’d like to show, be sure to subscribe on iTunes or Google play to get new weekly episodes. For more resources and to receive our newsletter, please visit global investor podcast.com and don’t forget to join us next week for another episode.

Announcer:
Nothing in this episode should be considered specific, personal or professional advice. Any investment opportunities mentioned on this podcast are limited to accredited investors. Any investments will only be made with proper disclosure, subscription documentation, and are subject to all applicable laws. Please consult an appropriate tax legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Syndication Superstar, LLC, exclusively.

Links and Contact Information Mentioned In The Episode:

• The Financial Survival Network

About Kerry Lutz

Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school’s library. After graduating from The New York Law School, he became an attorney and lifelong serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company.

After the 2008 financial collapse and the continued global economic deterioration, Kerry realized people needed a reliable source for accurate information. Believing that inflation would eventually run rampant, he dedicated himself to helping people protect and preserve their wealth. He urged investors to re-balance their investment portfolios and to implement precious metals-based strategies to adapt to the new economic order. The ability to perceive economic reality, as well as to separate truth from governmental inspired economic fantasy will be essential for economic survival and prosperity in the years ahead.

In 2010, Kerry gave up most of his other interests to pursue his long-held desire of becoming a radio show host. Thus, the Financial Survival Network was born. Its mission is helping you to prosper and thrive in the New Economy. He has done hundreds of interviews with such financial luminaries as Peter Schiff, Harry S. Dent, Martin Armstrong, Jim Rogers, Marc Faber and Peter Grandich. He continually releases new segments and interviews on iTunes and YouTube. His new Triple Lutz Report was an instant hit and continues to increase audience share. As he says, “The Financial Survival Network, It’s All About What’s Next!“

Are You a Fan? Subscribe, Rate, Review & Share – Click Here To Learn How

What question do you always wish I would ask but I never do?

Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

• Setup a FREE 30 Minute Strategy Call with Charles
• Learn How to Invest in Real Estate
• Listen To The Podcast
• Join Our Email Newsletter
• Global Investors Web Page
• Foreign Investing in US Real Estate Facebook Group
• Global Investors Facebook Page
• Global Investors Instagram
• Harborside Partners Web Page
• Harborside Partners Facebook Page
• Harborside Partners LinkedIn Page
• Harborside Partners YouTube Channel
• Harborside Partners Instagram
• Charles Carillo LinkedIn Page
• Charles Carillo Instagram
• Charles Carillo Bigger Pockets