Scott

If I was a young person, not fair for my generation to pass it down, and then bring down interest rates, bring down the energy cost and also create economic security. Because one of my big sayings is that economic security is national security. National security is economic security and they're really tied together.

If I was a young person, not fair for my generation to pass it down, and then bring down interest rates, bring down the energy cost and also create economic security. Because one of my big sayings is that economic security is national security. National security is economic security and they're really tied together.

So, you know, I'll work backwards here and I'll say that I think one of the few good things to come from COVID was it was a beta test and that if we got into a kinetic war, could the U.S. be self-sufficient? And it turns out we're not. We couldn't supply our own medicine. We don't have a lot of rare earths, which go into most of our machinery.

So, you know, I'll work backwards here and I'll say that I think one of the few good things to come from COVID was it was a beta test and that if we got into a kinetic war, could the U.S. be self-sufficient? And it turns out we're not. We couldn't supply our own medicine. We don't have a lot of rare earths, which go into most of our machinery.

The semiconductors are all made on the island of Taiwan, steel. So we're trying to bring all those back home. For economic security, one of the reasons I came out from behind my desk in Charleston was I was so alarmed by the way the Biden administration was just spin, spin, spin. And I thought it was deeply cynical what they were doing.

The semiconductors are all made on the island of Taiwan, steel. So we're trying to bring all those back home. For economic security, one of the reasons I came out from behind my desk in Charleston was I was so alarmed by the way the Biden administration was just spin, spin, spin. And I thought it was deeply cynical what they were doing.

They were running up the debt, and then they were going to come and say, we have to raise taxes, and we were going to become like a European-style social democracy. And in this slow growth, high tax environment, that's the worst thing that young people like you could start out in. And then the last thing is the high government debt. It pushes up interest rates.

They were running up the debt, and then they were going to come and say, we have to raise taxes, and we were going to become like a European-style social democracy. And in this slow growth, high tax environment, that's the worst thing that young people like you could start out in. And then the last thing is the high government debt. It pushes up interest rates.

So we have a plan to bring down the government debt and also to make the U.S. energy independent and keep energy prices low.

So we have a plan to bring down the government debt and also to make the U.S. energy independent and keep energy prices low.

Another good question, and I'm going to give you an answer that I think is not obvious. Everyone wants to be a great investor, and that's super helpful in terms of how you manage your assets. But the other way, and Charlie alluded to it earlier, is how do you manage your personal assets? Balance sheet, how do you manage your personal finances, and how aware are you of your risk tolerance?

Another good question, and I'm going to give you an answer that I think is not obvious. Everyone wants to be a great investor, and that's super helpful in terms of how you manage your assets. But the other way, and Charlie alluded to it earlier, is how do you manage your personal assets? Balance sheet, how do you manage your personal finances, and how aware are you of your risk tolerance?

And a good thing about being a young person is you should have more risk tolerance. There used to be, and I'm not... a proponent of this, but there used to be a very easy rule of thumb. You took 100, subtracted your age, and then that's the percent of your net worth that should be allocated to equities.

And a good thing about being a young person is you should have more risk tolerance. There used to be, and I'm not... a proponent of this, but there used to be a very easy rule of thumb. You took 100, subtracted your age, and then that's the percent of your net worth that should be allocated to equities.

And then over time, as you got closer to retirement, you'd have more fixed income, fewer equities. But one thing that I would really tell everyone to think about is personal tax planning. There's so many things that you can do. that in terms of do you want to live in a low tax state? Do you want to live in a high tax state? The savings plans, when do you want to start?

And then over time, as you got closer to retirement, you'd have more fixed income, fewer equities. But one thing that I would really tell everyone to think about is personal tax planning. There's so many things that you can do. that in terms of do you want to live in a low tax state? Do you want to live in a high tax state? The savings plans, when do you want to start?

When are you able to start putting money away, even if it's $100 a month? Makes a big difference. And I would echo what Charlie says, is we want to have stakeholders in the system. You want everybody to be part of the system. And you also want people to believe in the system. You want to be smart about everything. Your insurance, is it a good idea when you're very young?

When are you able to start putting money away, even if it's $100 a month? Makes a big difference. And I would echo what Charlie says, is we want to have stakeholders in the system. You want everybody to be part of the system. And you also want people to believe in the system. You want to be smart about everything. Your insurance, is it a good idea when you're very young?

You can buy very cheap life insurance. That's a great tax advantage savings product over your life. Where do you keep your money? You want your money to be in a safe and sound bank, but many people get very lazy. And if you have a money market account and a checking account, money market accounts probably going to pay a lot more. It can be a little bit of a pain every week or every month.

You can buy very cheap life insurance. That's a great tax advantage savings product over your life. Where do you keep your money? You want your money to be in a safe and sound bank, but many people get very lazy. And if you have a money market account and a checking account, money market accounts probably going to pay a lot more. It can be a little bit of a pain every week or every month.