Creating Richer Lives

Welcome to "Creating Richer Lives", where living a richer life goes beyond the balance in your bank account. In fact, being rich is about what you do with your dollars and how the choices you make with your money not only define your lifestyle now, but impact your legacy for years to come. It's time to redefine what it means to have a richer life.

Creating Richer Lives is a business podcast hosted by Karl Eggerss, with 355 episodes on record and a Required Pod Score of 80.

Karl Eggerss hosts Creating Richer Lives, a business show with 355 episodes published.

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  Creating Richer Lives

  Money Isn't Free Anymore. Plan Like It.

  Sep 26, 202622 min

  The Fed just raised rates for the first time since 2023, but that's only half the story. Karl explains why mortgage rates are climbing even faster than the Fed is moving, what the Treasury is doing to try to calm the bond market, and why the 30-year Treasury just hit a level we haven't seen since 2004. Along the way, he shares a simple way to look at bonds that shows just how much has changed since 2020, and what it could mean for savers, borrowers, and investors.

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  Creating Richer Lives

  Why Did the Fed Change Its Mind?

  Sep 19, 202634 min

  A year ago the Fed was cutting rates. This week it raised them. So is inflation real, or is it just oil? Karl digs into the Fed's credibility, why stocks have often shrugged off the first rate hike, and the one Treasury yield that seems to see the Fed coming before the Fed does. Plus, a viral resignation has the biggest AI labs talking about slowing down. Is it conscience, or is it a moat?

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  Creating Richer Lives

  If $5,000 Is Good, Why Not $50,000? What History Says About Government Checks

  Sep 12, 202629 min

  A $5,000 check for every American adult sounds great. So why not $50,000? Why not a million? The proposed "Trump Dividend" has put government checks back in the headlines. Karl Eggerss looks at what happened the last few times Washington sent Americans money, why more money doesn't always make us richer, and who quietly ends up paying the bill. Plus, what to do if a check ever lands in your account. This isn't a political episode. It's the math, the history, and what it means for your money.

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  Creating Richer Lives

  History of Money Series: When the Fed Took Rates to 20%

  Sep 5, 202625 min

  In the early 1980s, homebuilders started mailing two by fours to the Federal Reserve. Car dealers mailed in keys to cars nobody could finance. Farmers drove their tractors to Washington and parked them in a circle around the Fed building. The chairman had a security detail and death threats. He was an economist. In this episode of the History of Money series, Karl Eggerss goes back to 1979 through 1982, when Paul Volcker took interest rates to roughly 20 percent, pushed 30 year mortgage rates past 18 percent, and drove unemployment to levels this country had not seen since the Great Depression. On purpose. Karl explains what made it necessary: Fifteen years of inflation that had stopped being a price problem and become a belief problem, where workers, businesses and consumers all started behaving as though prices would keep rising, which made it true. Killing that did not require changing the money supply. It required changing what a hundred and twenty million people expected. It worked. Inflation went from about 15 percent to about 3, and it stayed there for forty years. The stock market bottomed in August of 1982 and began the greatest bull run of the century, three years after a famous magazine cover declared stocks dead. But Karl does not tell it as a hero story. Millions lost jobs. Farm families lost land their grandparents had worked. The savings and loan crisis traces directly back to this period, and so does Latin America's lost decade. And economists still argue about whether it could have been done with far less pain. Plus the takeaway most investors miss: Why a CD paying 15 percent in 1980 was a worse deal than one paying 2 percent today, and why the number on your statement has never been your actual return.

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  Creating Richer Lives

  This Isn't 2008: What Wall Street Is Actually Building Around AI Debt

  Aug 29, 202625 min

  A post was written on the internet this week warning that Wall Street is quietly building the same kind of products that blew up the housing market in 2008. It had real numbers in it. It was a scary post. And likely it was read by a lot of people. So I went and looked at what's actually being built. The short version: it isn't 2008. But the reason why is a lot more interesting than the headline, and there's one piece of this that nobody is talking about that flips the whole story on its head. There's also a part where this cycle does rhyme with the last one, and it's not where you'd expect. If you've read one of these posts lately, this episode's for you.

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