The Weekly Wrap: 07.07.18

0:01:42 - Gregory recaps how the 4th of July week has been. The new unemployment numbers are a tick higher at 4.0%, but that's because 600k new job seekers entered the market, on top of a robust job gain of 213k in June. Economic growth these days is solid. 0:09:26 - How do you know when you should turn on your Social Security benefits? 0:21:11 - Tom in Houma asks Gregory when to know it's time to get out of the market, and what does getting out of the market look like? Gregory shows how everyone's unique personal situation is more important than market performance when determining an exit strategy. 0:38:35 - Gregory explains why people who are timing the market often end up disappointed. After spending years as a money manager, Gregory Ricks has noticed people hate negative numbers, and want to know what the plan is when things go south. Gregory teaches his clients how the stocks are chosen, how the no-risk tools work, and how to know your own tolerance for risk. 0:48:31 - Lesha Nugent Freeland of Keller Williams Realty is our guest from the Total Wealth Authority this week. 1:01:58 - Lesha talks about the process of learning what neighborhood would best suit her homebuying clients. Often, couples have different ideas on what type of house they are looking for, and have different needs from their location. One may think it's important to live as close as possible to work, but the other thinks it's more important to live as close as possible to the school of their choice. 1:06:36 - Lesha details what new technology has brought to the table when it comes to real estate. The ability to access information about a property has never been so convenient. Use these tools to know where you stand when it comes to the negotiations. 1:22:55 - Gregory Ricks and Lesha Nugent Freeland continue the discussion on how new technology is being used to help connect buyers and sellers in today's real estate world. 1:35:31 - The various tariff disputes escalating between America and some of our trading partners are important considerations for investors exposed to the market. 1:39:59 - Gregory breaks down the jobs numbers, and shows that our economy is better suited to weather a trade dispute than some of the people we are negotiating with. 1:42:44 - The First Rule: Avoid Losing Money. Gregory Ricks explains how to develop a masterplan for your money to weather market volatility and avoid big losses. 1:49:39 - Gregory Ricks previews his upcoming Social Security workshops in the works. It will be a quick event to explain how Social Security works, and how you can take advantage of your options to get the biggest benefit possible. 1:52:56 - Life expectancy continues to rise, and that means your money is going to have to last longer than ever in retirement. Social Security will be there in some form, and it will probably be tweaked now and again, but it's not going away. Think twice before you rush out to claim your Social Security benefits early. 2:03:04 - Gregory covers various interesting economic and financial statistics of the day. http://www.WinningAtLife.com