DODGE, or the Department of Government Efficiency—no matter where you are or what you do, there’s no doubt you’ve heard someone talking about this lately. Some people love it, while others hate it, but what is this all about anyway? Well, it’s presented as a tool to identify and eliminate waste, fraud, and abuse in our government spending, and it is, but I think it’s about something else.

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If you paid attention in Econ 101, you probably remember that when interest rates climb, sales volume declines, and prices naturally fall. But that’s not happening in today’s market. So what could drive this deviation from the natural market effect that we’ve seen consistently play out for as long as we’ve traced this kind of data? A timeframe spanning hundreds of years, by the way. The short answer is that the federal government has.

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While the news cycle since the election has been a wild rollercoaster ride, with stories of national impact breaking several times a day, some stories flying just under the radar could have an even greater impact on all of us. Trump’s talk of imposing new tariffs is one story that made major headlines over the past few weeks—a topic that I covered last week—and there’s a subtle but significant aspect of this that I have yet to see anyone discuss.

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Last week, President Trump floated an idea to sell what he called the “Gold Card” Visa Program, in which wealthy foreigners seeking entry to America would have the opportunity to purchase a special visa with a whopping price tag of $5 million. Supporters of the idea believe it could eliminate our national debt, and even bring in a hefty profit. At the same time, critics call it exploitative and claim there’s no market for it anyway. I’ll address the critics first, because they’re the least informed on the topic.

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Noted financial expert, Dr. David Phelps, says that as the overall economy weakens, businesses of all types weaken as well, exposing you to greater investing risk, so your underwriting needs to evolve to better protect you in today’s environment. He outlined a summary “checklist” he uses as the foundation of his own underwriting process, which his team recently updated to make a more comprehensive and accurate assessment of any assets he considers investing in.

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I’ve been following Dr. David Phelps’s column for a while, and the advice he gives on this is solid. If you’re not familiar with Phelps, he’s a noted financial expert who recently helped the Florida Department of Education develop its financial literacy curriculum. He’s also a financial columnist here at Newsmax and has written several articles, including this one, on exactly this subject. I asked when he believed a business owner should use credit, and his response was succinct and simple; “In today’s economy, you should use credit only where a positive ROI is essentially guaranteed.

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Dr. David Phelps, a financial expert and founder of the real estate investing community Freedom Founders, told FOX Business that while some people have claimed Gen Z is lazy and entitled when they complain about the cost of housing today, he does not believe that is accurate. “Gen Z is correct—housing absolutely has become unaffordable for a significant portion of our population, especially that generation,” Phelps said. “Wages haven’t kept up with inflation or the rapidly rising home costs, and that’s before you even factor in rising interest rates and tightening underwriting guidelines.”

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It’s difficult to find a job, and even more difficult to find one that pays well enough to afford today’s rising cost of living. Wages haven’t moved much, and when adjusted for inflation, they’re barely up more than 4% while inflation has driven prices of everything up by as much as 30% for some products and services, and by double digit percentages across the board. And between talk of tariffs, supply chain issues, and tightening credit guidelines, people are becoming increasingly fearful about the future of our economy. Noted financial expert, Dr. David Phelps, wants to help alleviate some of that fear and help Americans develop the skills necessary to create long term financial freedom with his latest book, Building Your Financial Ark: How to Survive and Thrive During the Next Economic Storm.

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Ever wonder how a dentist turned real estate investor found freedom when life threw its biggest curveball? In this episode, Dr. David Phelps—founder of Freedom Founders—shares how he traded his dental drill for financial independence, all while prioritizing what matters most: family and fulfillment. From his $15K-a-month passive income strategy to overcoming perfectionism and navigating market cycles, David dishes practical tips with wisdom, wit, and a dose of humility.

Watch the podcast HERE

Ever wonder how a dentist turned real estate investor found freedom when life threw its biggest curveball? In this episode, Dr. David Phelps—founder of Freedom Founders—shares how he traded his dental drill for financial independence, all while prioritizing what matters most: family and fulfillment. From his $15K-a-month passive income strategy to overcoming perfectionism and navigating market cycles, David dishes practical tips with wisdom, wit, and a dose of humility.

Listen to the podcast HERE

We have a serious financial literacy problem in America today because it really hasn’t been taught for a long time. I remember learning the basics in school when I was a kid, and then I learned a lot more from my father as a teenager and young adult. Still, today, only about half of our states have any kind of financial literacy curriculum in schools. Most of the economic challenges we’re facing now are the direct result of decades of not teaching this, and that’s evident in the fiscal policies we see people supporting, as well as record low savings and record high debt

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Dr. David Phelps, noted financial expert, says, “For a lot of people, we seem to be entering unprecedented times, but some of us have been through a few boom and bust cycles, so we’ve seen this before. There are a lot of similarities between today and the early stages of the 1970s stagflation period.” He says there’s definitely a role for debt even in the worst of economies, but the key is to use it strategically. He says that borrowed capital should only be invested into things that are as sure of a bet as possible.

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As residents in the paths of the last two hurricanes work to clean up the damage and rebuild their lives, people across the country are looking for ways to help their fellow Americans who are suffering as a result of this catastrophic natural disaster. Entrepreneur, author, and former dentist Dr. David Phelps, wants to help by donating funds to aid in recovery efforts, while also giving survivors the tools to become financially literate and so they’ll be more prepared for all of the storms—not just weather, but also the financial storms that life throws at each of us. This is especially important in today’s economy, and it’s critical for those whose lives have recently been turned upside down.

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As Americans continue to be ravaged by runaway inflation tearing through our economy like a wildfire. At the same time, we’re simultaneously being slapped in the face by government officials and journalists disingenuously telling us the economy is great and we’re just imagining the inflation we see when we go to the store. Phelps says, “the people who are really in tune with the economy start to see the writing on the wall long before anyone else does.”

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Real estate is a classic investment vehicle that can provide you with passive income while also appreciating in value. Dr. David Phelps, real estate expert and CEO of Freedom Founders, believed that real estate is “hands down” the best asset class. “Real estate as a tangible asset is what we would call or term ‘an inefficient market’ versus the financial world, which is known as an ‘efficient market,’” Phelps said.

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The Junto Program, an organization that partners with thought leaders on financial, entrepreneurial, and self improvement topics to provide education that helps Americans build more productive and financially rewarding lives for themselves. These thought leaders have been selected for their reputation and contributions to their respective fields. Financial experts— Carol Roth, Dr. David Phelps, and Kim Kiyosaki were three of the first to join the program.

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Inflation has run rampant, debt has skyrocketed, and layoffs have climbed at a rapidly growing pace, and as our economy continues to weaken, more Americans will suffer. Unfortunately, a significant percentage lack the financial literacy needed to make the right financial decisions, and they will be most affected by the financial downturn. A consortium of entrepreneurs, companies, and non-profit organizations are working to prevent that, though. Their goal is to strengthen our economy by not only protecting Americans from financial disaster, but also educating and equipping them to create true financial freedom. Noted financial experts like Carol Roth and Dr. David Phelps will be involved.

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With the sheer quantity of small towns across the country, it can be difficult to know where to look. One approach is to talk to real estate experts who may have local insights or at least general knowledge that can potentially foreshadow price movements in certain areas. “Some of the hot markets are too hot, and so you can’t get the return you want, even though you’ve seen values go up, unless you caught that streaming star early and rode with it,” said Phelps.

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While things have certainly gotten better for veterans returning to civilian life today compared to previous generations, there’s still a long way to go. The fact of the matter is that it’s hard to get people excited about serving when it means not only missing out on tremendous earning potential during their time in service, but also afterwards because most people aren’t well equipped for their transition back to civilian life. This is an even bigger problem in today’s economy, with soaring inflation making it harder for most Americans to make ends meet. For many, it’s a simple matter of being able to support their families.

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Johns Hopkins University is spearheading an initiative to help veterans transition to high-paying jobs in the real estate industry, leveraging their unique skills and experiences. The university’s MS in Real Estate & Infrastructure program aims to equip veterans with the knowledge and expertise needed to thrive in the rapidly evolving real estate market.

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Johns Hopkins University wants to change that and is doing its part by launching an initiative to help more veterans land high-paying careers in the real estate industry. The university aims to do this with a multi pronged approach—or battle plan, if you will, that consists of a masters level real estate program, as well as a series of free events where attendees will have an opportunity to learn from and network with real estate professionals, meet recruiters and employers, and get access to specialized resources.

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