The Higher Standard

Latest Episodes:

The BIG We Told You This Would Happen Episode Aug 27, 2024

Show notes

In this episode of The Higher Standard podcast, Chris, Saied, and Haroon dive into the timeless lessons of Robert Kiyosaki's "Rich Dad, Poor Dad," reflecting on the book’s enduring insights into wealth-building strategies. While they acknowledge the value of its principles, the hosts candidly express their mixed feelings about Kiyosaki’s modern-day social media persona, suggesting that his transformation might have taken some of the shine off his original teachings.

➡️ The conversation then shifts gears to current events, where the trio tackles the latest Bureau of Labor Statistics data, followed by a deep dive into the startling news that the U.S. economy created 818,000 fewer jobs than initially reported. They discuss the implications of this revision, including the Fed confronting the reality of potentially losing up to a million jobs in their forecast. On a lighter note, the hosts sprinkle in some pop culture commentary, from Ashanti and Nelly's baby news to the potential $550 million fallout from a rumored Jennifer Lopez and Ben Affleck divorce, and even a nod to Lil Jon's surprise appearance at the DNC. As always, Chris, Saied, and Haroon deliver sharp insights with their signature wit.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you.

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Bureau of Labor statistics shenanigans (ZeroHedge via X)

Fed Confronts Up to a Million US Jobs Vanishing in Revision (Bloomberg)

US economy created 818,000 fewer jobs than previously reported (Fox Business)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

These Are The Influencers You Can't Trust Aug 20, 2024

Show notes

In episode 243 of The Higher Standard podcast, hosts Chris, Saied, and Haroon dive headfirst into the world of social media financial influencers, giving a no-holds-barred critique of those you should avoid at all costs. They call out big names like Grant Cardone, Pace Morby, Kris Krohn, Luke Belmar, Albert Preciado and more.

➡️ As the conversation shifts gears, the hosts tackle some of the hottest financial news floating around Instagram. They break down the cooling inflation rates, the credit card debt that's soaring to dizzying heights, and Starbucks' bold move of poaching Chipotle's CEO like it's a new menu item. It wouldn’t be The Higher Standard without a little pop culture flair, the hosts wrap up with a whirlwind tour through the latest celebrity news and jaw-dropping headlines—from Adele’s engagement to Rich Paul to Tom Cruise’s Olympic-sized stunt planning.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Inflation cools to lowest level since march 2021 (Yahoo! Finance via Instagram)

U.S. consumer price index (NBC Chart Of The Day via Instagram)

Overall inflation below 3% for first time since march 2021 (Yahoo! Finance via Instagram)

Credit card debt hit record $1.14 trillion (NBC Chart Of The Day via Instagram)

Starbucks soars after poaching chipotle CEO (Yahoo! Finance via Instagram)

Emergency Economic Fireside Chat Aug 13, 2024

Show notes

The stock market’s recent nose dive has everyone buzzing, and The Higher Standard crew is here to break it all down. Chris, Saied, and Haroon dig into the fleeting positivity of the 2Y/10Y spread—did it really mean anything, or was it just a tease? Meanwhile, Dave Ramsey’s relentless “buy, buy, buy” mantra gets a skeptical side-eye as the hosts question whether it’s time to pump the brakes instead of the gas.

➡️ As if things weren’t shaky enough, U.S. credit card debt hits a staggering $1.14 trillion, and job growth falls way short of expectations. With unemployment creeping up to 4.3%, the guys explore whether we’re headed for a full-blown recession or just a rough patch. Buckle up—this episode is a wild ride through the latest financial turbulence.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Caution, Recession Ahead? (Investopedia)

Credit card debt hits record $1.14T (Chart Of The Day)

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3% (CNBC)

How To Get Rich In This Economy Aug 06, 2024

Show notes

Getting rich can happen a lot of different ways, but very few instances are quick or by chance. Most people build wealth over time by following the principles that Chris, Saied and Haroon lay out for you at the top of episode 241 of The Higher Standard podcast.

➡️ But don't stop there, the boys jump in to all the financial information you need to know in order to stay abreast of what is going on in the economy. The only other thing they can do to make it easier to build wealth is just give you the money.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Job openings dip slightly in June amid signs of 'turbulence' in labor market (Yahoo! Finance)

The Fed needs to cut rates. Now. (Bloomberg Opinion)

Trump turns up heat on Fed ahead of expected rate cuts: 'It's something that they know they shouldn’t be doing.' (Yahoo! Finance)

The US national debt just surpassed another milestone: $35 trillion (Yahoo! Finance)

GDP: US economy grows at faster-than-expected pace in second quarter as inflation eases (Yahoo! Finance)

Financial Terms You Didn't Know You Needed To Know Jul 30, 2024

Show notes

We get it. Some times on The Higher Standard podcast we throw around a lot of financial terms that not everyone is familiar with. Chris, Saied and Haroon aim to fix that, in part, by practically defining a lot of financial terms for you that you didn't know you needed to know in episode 240 of the show.

➡️ From balance sheets to high yield savings accounts. From securities to bonds. From EPS to P/E ratios. We got you covered.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

What Is an Asset? Definition, Types, and Examples (Investopedia)

Net Worth: What It Is and How to Calculate It (Investopedia)

The Bond Market and Debt Securities: An Overview (Investopedia)

What Is the Formula for Calculating Earnings per Share (EPS)? (Investopedia)

Price-to-Earnings (P/E) Ratio: Definition, Formula, and Examples (Investopedia)

Shocking Financial Statistics Of The Average Person & Looming Rate Cuts Jul 23, 2024

Show notes

Episode 239 of The Higher Standard podcast starts off with Chris, Saied and Haroon diving in to some of the top financial mistakes people make. Some of these may sound basic or simple, but you would be shocked at how many people are impacted by these problems every single day.

➡️ For the second segment of the show, the boys go deep on the first strong probability of a Fed Funds rate cut. See, we told you that we don't only bring you bad news.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Powell indicates Fed won't wait until inflation is down to 2% before cutting rates (CNBC)

Powell Says US Data Offer Confidence That Inflation Is on Path to 2% (Bloomberg)

Markets are betting there's a 100% chance the Fed cuts rates in September (Yahoo! Finance)

Wall Street Economists See Compelling Case for Fed to Cut Now (Yahoo! Finance)

No rush for US Fed to cut rates, IMF's chief economist says (Yahoo! Finance)

Investing For Your Kids And Recession Red Flags Jul 16, 2024

Show notes

In this jam-packed episode of The Higher Standard, Chris, Saied, and Haroon dive headfirst into the fiery debate of 529 plans versus brokerage accounts for kids. With Chris hilariously comparing brokerage accounts to the wild west and Haroon trying to make 529 plans sound as exciting as a superhero origin story, this segment is both informative and entertaining.

➡️ And just when you thought things couldn't get crazier, Saied drops the bombshell that US bankruptcies have hit their highest level in 14 years. It’s the perfect mix of financial advice and economic drama you didn’t know you needed. Don’t miss this rollercoaster of an episode that turns financial turmoil into pure podcast gold.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

US Bankruptcies hit the highest level in 14 years (Global Markets Investor via X)

Job openings have been rapidly declining (Game of Trades via X)

50 housing markets where home prices are down the most from peak (Lance Lambert via X)

Price cuts on the US Housing Market just hit their highest level in six years (Nick Gerli via X)

A massive housing bubble has developed, and is about to pop, in the South (Nick Gerli via X)

EBITDA Explained, Inflation Persists & Hawk Tuah Jul 09, 2024

Show notes

Welcome back to another episode of The Higher Standard podcast, where Chris, Saied, and Haroon dive into the latest in finance, investing, and pop culture. Today, we're breaking down some intriguing insights and bringing a touch of humor to your financial woes. First up, the boys aim to demystify "EBITA" – yes, we know you probably thought it was a hip new tech term, but no, it’s just Earnings Before Interest, Taxes, and Amortization.

➡️ And just when you thought this episode couldn’t get any more eclectic, we shift gears to the world of entertainment. Will Smith made a heartwarming return to music with his BET Awards performance, Jamie Foxx spills the beans on his mystery illness, and J.J. Redick has some thoughts about the Lakers drafting Bronny James.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

EBITA Explained (Nicolas Boucher via LinkedIn)

Where do wealthy younger and older investors see the greatest potential for growth? (CNBC Chart of the Day via Instagram)

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected (CNBC)

Fed’s preferred inflation gauge shows prices rose at slowest pace since March 2021 (Yahoo Finance via Instagram)

Mind Pump's Amazing Adam Schafer Returns Jul 02, 2024

Show notes

Some of you might not know this, but The Higher Standard podcast wouldn't be here if it were not for Mind Pump's Adam Schafer. Chris and Saied were long time fans of Mind Pump, the #1 fitness podcast in the world. Adam and Chris formed a friendship over time and the idea to create The Higher Standard in a model after Mind Pump was born. You may even note the homage to the Mind Pump studio in The Higher Standard's aesthetic.

➡️ It has been a while since Adam Schafer and Chris had an opportunity to sit down in front of a hot mic and talk about life. It's been nearly 10 years since Mind Pump started and a lot has changed. Adam is thinking a lot about the next chapter of his business and his life. The boy talk about cars, watches, the evolution of business, why being an "influencer" is a bad idea and so much more.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Bringing Truth To Health & Fitness Worldwide (Mind Pump Media)

Some Random Dude (Full Compression via Instagram)

Pejman Ghadimi (Exotic Car Hacks via Instagram)

Episode 232 | 💥 The Get Dynasty Origin Story (The Higher Standard )

The Fed Admits They Were Wrong Jun 25, 2024

Show notes

Chris, Saied, and Haroon kick off this episode of The Higher Standard podcast with a look in to dive deep into what was once the hype around the Bilt credit card program. The Flashy Rent Credit Card was backed by Wells Fargo Bank and is costing them $10 million a month thanks to some poor business decisions. Sometimes when something sounds too good to be true, it is. And yes, even big, sophisticated banks can make bad decisions sometimes.

➡️ Even though Chris forgot his introduction in this week's show and Saied stole the show closing, they still managed to provide some economic insights on the Fed holding rates unchanged, what the CPI report means for you and what could potentially be the "mother of all layoffs."

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

🏆 Sponsored By Transcend Company:

✔️ Click the link and start today: http://www.transcendcompany.com/THSP

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly. (Wall Street Journal)

Another more-of-the-same report on CPI rent (and OER) (Jay Parsons via X)

The mother of all mass layoffs is coming (ZeroHedge via X)

Buying conditions in the US housing market have collapsed (Game of Trades via X)