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AMA 82 – Gold Prices with Dent Research editor Rodney Johnson

Rodney Johnson is President and Editor of Dent Research. He joins the show to explain why gold will fall below $800.


Johnson then discusses whether the US economy is slowing. He also shares how investors can build streams of income instead of relying on equity markets.


Visit Dent Research at www.dentresearch.com.


Rodney Johnson works closely with Harry Dent to study how people spend their money as they go through predictable stages of life, how that spending drives our economy and how you can use this information to invest successfully in any market.  


Rodney began his career in financial services on Wall Street in the 1980s with Thomson McKinnon and then Prudential Securities. He started working on projects with Harry in the mid-1990s. He’s a regular guest on several radio programs such as America’s Wealth Management, Savvy Investor Radio, and has been featured on CNBC, Fox News and Fox Business’s “America’s Nightly Scorecard, where he discusses economic trends ranging from the price of oil to the direction of the U.S. economy.  


He holds degrees from Georgetown University and Southern Methodist University.

Check out this episode!

The Hierarchy of Human Needs Guides Consumer Behavior

AMA4-11-14“You can’t always get what you want,” sang the Rolling Stones. But, as the next line goes, you might find you get what you need. What people really need has been debated by experts in economics, psychology, and many other fields. But it turns out that a theory from the 1940s offers a paradigm of our essential needs that’s still guiding advertisers, retailers and investors today.

Psychologist Abraham Maslow published his groundbreaking “Hierarchy of Human Needs” back in 1943, and it’s been used in all kinds of settings to provide insights into human behavior and why people make the decisions they make. Here’s how it works: Maslow divided the “needs” that drive people into categories, from the most essential, physical elements to more abstract, emotional or spiritual ones. According to this theory, people have to satisfy those basic needs first before moving up the pyramid to meet the less immediate ones.

At the most fundamental level are essential needs of the body like food, water and sleep. Next come needs of safety and security, such as a safe place to live, employment and health. After those needs are met, an individual can turn to satisfying needs of love and belonging, such as friendship and romance. And once those are taken care of, people can strive for esteem (achievement, respect, confidence). Finally, at the top of the pyramid, comes self-actualization, when an individual is able to focus on spirituality, creativity and contributing to others.

What’s important is that these basic human needs are sequential. If your main worry is getting enough food to eat or finding a secure job, you probably won’t be too worried about winning an achievement award or helping the planet. But if you have a stable home and income, with the respect and love of family and friends, you can devote more of your time to volunteer work or art lessons.

The hierarchy helps explain motivations in the housing marketplace, and can provide a framework for getting priorities straight. As Jason Hartman says everybody needs a place to live. And for income property investors, housing falls for most people into the second level of Maslow’s hierarchy: security and safety – a pretty fundamental one that most everyone needs to satisfy in one way or another.

It’s what contributes to demand for housing in some areas and not in others, and why some neighborhoods just don’t attract renters. Commodities like Housing can be other things too – big flashy properties are probably meeting an “esteem” need more than one of safety and security. And recognizing those distinctions can be useful for investors as well.

Maslow’s paradigm isn’t perfect, and it’s by necessity very general. But for everybody involved in income property investing – buyers, sellers and renters alike – that hierarchy can be a handy tool for explaining – and targeting – decisions about housing, food and clothing, those basic human needs. (Top image:Flickr/Purpleslog)

Read more from The American Monetary Association:

Taxc ID Theft: Tis the Season

Who’s Really Paying for Bank Settlements?

The American Monetary Association Team




AMA 81 – Investing Tips and Tricks with Matt Schifrin

Matt Schifrin is the Vice President at Forbes Publishing and Managing Editor of Investing for Forbes Media. He joins the show to give us his tips for investing in 2014.


Schifrin shares one investment to avoid at all costs and the best ways to get rich. He explains why Wells Fargo is so great and whether Apple investors should reinvest their dividends.


Find out more about Matt Schifrin at www.mattschifrin.com. Read Schifrin’s work at blogs.forbes.com


Check out this episode!

AMA 80 – “Second Chances” with Chuck Gallagher

Chuck Gallagher is the Chief Operating Officer at American Funeral Financial and Founder and CEO at Ethics Resource Group. He’s the author of “SECOND CHANCES: Transforming Adversity into Opportunity.”


Chuck is a Prostate Cancer Survivor. He discusses the emotional journey from diagnosis to treatment and what happens after the treatment is over and how the side effects changed his life.


The topic then shifts to politics as Chuck discusses whether the government shutdown was ethical.


Find out more about Chuck Gallagher at www.chuckgallagher.com.

Check out this episode!

Tax ID Theft: Tis the Season

AMA4-5-14It’s nearly tax day, and whether you’ve filed long ago and are awaiting a refund or scrambling to make the midnight April 15 deadline, you might find that your refund never appears – or that your bank accounts are suddenly empty. Tax ID theft is up 66 percent from 2010, and fraud officials expect it to rise even more.

Along with Social Security numbers, tax ID thievery is one of the most common forms of identity theft. Most victims only realize their personal information has been hijacked when an anticipated tax refund doesn’t arrive. When they follow up with the IRS they may find that the refund has already been claimed using their tax information. And that information can also be used for other purposes such as raiding the victim’s bank accounts.

What makes tax ID and Social Security number theft so easy? The main reasons, according to fraud and cybersecurity experts, has to do with the vulnerable nature of the government’s databases, which are often overburdened and poorly protected with outdated security software that allows hackers easy access to all kinds of personal information. And because a vast network of workers are constantly updating and inputting information, the chain of processing allows for human error at nearly every point.

The same kind of vulnerability plagues medical databases at large institutions such as the Veterans Administration and insurance companies. The information that’s collected often goes global, bought and sold in marketplaces around the world to create new identities for people crossing borders and avoiding prosecution.

Most victims of tax and Social Security ID theft don’t know what’s happened until after the fact, so the burden of resolving the issue lies with them. Experts advise anyone who misses getting a tax refund within a reasonable time to follow up with the IRS or state tax authorities to verify its status. And if you suspect your information has been hijacked, they stress that it’s essential to report the problem to all entities such as credit card companies and banks.

General identity protection protocols are important too, such as checking credit reports and statements, and taking care to change or update passwords. Catching identity hackers in the fast moving world of electronic transactions may not always be possible – but staying vigilant and keeping control of your financial affairs as Jason Hartman recommends can help make things run smoothly and safely this tax season.  (Top image:Flickr/DonkeyHotey)

Read more from The American Monetary Association:

Does the Ukraine Crisis Affect US Money Matters?
Can Bad Credit Crush Job Applicants?