TLP283: How to Be Sure You are Prepared for 2030

Alan Beaulieu is one of the world's most informed and insightful economists, with a remarkable track record of providing accurate financial forecasts. He's also an exceptionally gifted speaker and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends. Get ready for the future and listen in as Alan shares his insights on inflation, supply chain issues, and how to prepare for 2030. Key Takeaways [2:20] First guest on the show to have a Ph.D. in Leadership. [5:05] Where the economy is headed in 2022. [6:15] Supply chain issues. [7:00] Being proactive is important, but you don't want to be proactive at the wrong time. Do not overbuy because you're worried about supply chain issues. [10:05] When leaders say, "I think." or "I feel," people have the right to be skeptical. You have to prove it and you do that with data, math, and indicators. [12:35] Reshoring trends. [16:35] Alan's perspective on world stability. [19:10] Why the U.S. should solidify the supply chain. If China decides to unify completely, it could be bad for world trade. [20:15] Low-skilled labor and immigrant workers. [21:35] The world is desperate for labor, and it's not all lower-end. Construction, transportation and others require real skills. [26:20] Alan breaks down inflation. [30:45] We will see abnormal inflation rates around the second half of this decade. The first half will still be "seemingly okay." [35:15] Alan shares his thoughts on how leaders can open their minds to the things they don't know that they should know. [38:15] Leaders who show humanity and really listen are the real change-makers. [41:30] Alan explains the mindset shift leaders need to have if they want to create real longevity in their companies. [43:00] Alan offers advice on how individuals can future-proof their finances. [45:20] Listener challenge: You don't need to guess the numbers. Knowing is power. Quotable Quotes Leaders who show humanity and really listen are the real change-makers. "It's not hard to show people, but it's sometimes hard to lead people." Current constraints are temporary and painful, but temporary. Avoid panic buying. Opening up the borders, and tripling the amount of legal [foreign] workers won't solve the [labor shortage]." "The certainty is uncertainty." Resources Mentioned Sponsored by: Darley.com ITReconomics.com Articles by Alan: "Unmasking the Future" & "Reshoring — The Forgotten Trend" Alan on LinkedIn Grab Alan's book, Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles BCG.com — Manufacturing Costs Zeihan.com