A recession is Scary, it's literally when the entire economy starts to slow down, unemployment numbers start to go up and wages also go down. Its real bad.
But this is the perfect play ground where millions are lost and millions are made very quickly. So this video I got two things to help you with, first how to service the recession ( because right now what we have is a potential risk because the FED raised rates which also affected the stock market ), and second how to profit from all the madness.
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Chapters:
0:00 Intro
1:41 A GREAT WAY TO MAKE MONEY?
6:05 How to Profit From a Recession?
10:36 Example
12:38 How to Survive.
16:18 Outro
1. Why a Recession is Good for Investors
think about it, its simple
when everything is good, everyone is a lot more willing to buy stocks, properties and everything else ( so they pay the market price, and when demand cant keep up with supply, then prices start to go up )
its like trying to buy a house during the 2021 it was extremely expensive or trying to buy a stock during a bull run ( you will pay a crazy amount of money )
But the Flip Side is:
that when you a have recession people get a lot more conservative, and they stop spending money and start hoarding money ( which makes things even worst btw )
but if no one is buying and now you have more supply than demand then naturally prices have to fall
and when prices fall, you buy the same assets stocks, real estate for a fraction of the price
That’s how:
Dave Ramsey bought properties for cheap during the recession of 2007
Warren buffet makes a lot of money when the market is down
Its how I made $28,000 in 12 months from 1 trade
2. Here is How you profit ( and then I’ll tell you how to Service )
First You need Cash ( I don’t recommend you borrow a bunch of money )
Second you need a target ( no target means you don’t hit anything )
Third you need Knowledge and timeline ( to know that these times will past, or that they wont )
Here is a quick example:
My bread and butter is boring Index Funds and ETFs which rarely have massive drops, which means less chances to make a lot more money from short term problems
But right now my entire portfolio is down
And I’m currently investing $500 per week into it ( meaning I’m buying a discount )
I would invest more ( but I’m currently finishing up a home remodel and I need cash on hand )
Tip: be smart, don’t put all your eggs into one basket, if you’re not going to be able to make breakfast the next day. ( so capitalize yes but in a safe way )
3. How you service
Have 6-12 months worth of emergency funds ( 6 months more than enough but 12 months is for those paranoid people, including me)
Lower your Cost of Living: Paid Mortgage, little expenses and no debt ( helps a lot )
Solid Income Stream: if you feel like your job isn’t important and anyone can do it, then its probably not safe ( but if you’re job is important during all times, or you have a business, then whether it rains or its sunny you can have more security )
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
RECESSION ALERT: How to Survive and Profit
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