"If you want one word, it's inflation. If this happens, we've just raised the debt ceiling to 11.8 trillion dollars." - Jordan Goodman
If you had headed the advice of our guest Jordan E. Goodman, when we aired our interview podcast in February, the headlines in today financial press would be no surprise. Well, maybe the fact that Lehman Brothers has imploded and Merrill Lynch is getting acquired by Bank of America, and A.I.G is getting bailed out with taxpayer money and and the government scrambling to inact a 700 billion dollar bailout before more dominoes fall... would still be a shock, but you would have known a major meltdown was coming.
Jordan is a nationally recognized expert on personal finance. For 18 years, he was on the editorial staff of Money magazine, where he served as Wall Street correspondent. While at Money, Mr.Goodman reported and wrote on virtually every aspect of personal finance.
It's often been said that timing is everything -- his latest book is titled Fast Profit in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy. Jordan joins Peter Clayton for an exclusive Big Picture Channel podcast on Total Picture Radio. We encourage you to listen to the interview we recorded with Jordan way back in February - because the chickens have come home to roost.
Questions Peter Clayton asked Jordan Goodman
- It seems like everyone in Washington and NYC is truly in shock that the funny money has evaporated.
- Do you see any parallels between what's happening today and the stock market/ real estate implosion in 1987?
- What are the long term effects of this massive bailout being discussed in Washingon? We've all become garbage collectors.
- What advice would you give a stock broker working at Merrill Lynch?
- How about at Lehman Brothers?
- What advice can you give someone in a job search in this market?
- What would you do to try and market your skills?
- Let's talk about your book for a minute -- Fast Profit in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy -- which of these 10 is most relevant today?
- What should peple do with their stock portfolios? 401k plans?
- Any advice you would like to share with our audience?
Jordan Goodman, known as America's Money Answers Man, has been giving helpful, practical financial advice to millions of Americans for over 30 years. He is a regular financial commentator on national and local TV and radio shows around the country on personal finance topics, including weekly commentary on KMOX Radio in St. Louis, WLW in Cincinnati and KFNN Radio in Phoenix. He hosts the weekly Money Answers Show on the VoiceAmerica Business Network, (at www.voiceamerica.com), the largest Internet radio broadcast network in the world.
His website is one of the most popular destinations for personal finance advice on the Internet. He also appears frequently on CNBC, MSNBC, CNN, and Fox and as a keynote speaker at events ranging from national conventions to corporate and community events. Jordan was on the editorial staff of MONEY Magazine for 18 years, rising to the prestigious post of Wall Street Correspondent. He is the author of the best-selling Everyone's Money Book as well as the Everyone's Money Book Series, which includes separate volumes on credit, real estate, retirement, financial planning, college, and investing. He also is the co-author of Barron's Finance and Investment Handbook and the Dictionary of Finance and Investment Terms, which has sold over 3,000,000 copies. His most recent books have included Reading Between the Lies: How to Avoid Becoming a Victim of Wall Street's Next Scandal and Master Your Money Type: Using Your Financial Personality to Create a Life of Wealth and Freedom. Jordan's 12th book, Fast Profits in Hard Times: 10 Secret Strategies To Make You Rich In An Up or Down Economy, was published by the Business Plus division of Grand Central Publishing in January 2008. Jordan is also a speaker and seminar leader on personal finance topics for business executives, students, associations, investment clubs, employees and others.
About Peter Clayton
Peter Clayton, Producer/Host, is an award-winning producer/director of radio, television, documentary, video, interactive and Web-based media who has created breakthrough media for a wide array of Fortune 100 clients.