Recession Coming - How to Thrive

Here is the link.

Have an emergency fund -

Space does not need, a new car, and all other things

Pending recession - payoff bad debt, income comes down/ lose income

Do not go back to school for recession - nothing to do
Look at stats - more people than ever go to graduate school

There is nothing to do
Go back to school full time - income
More loans if you go back to school, further in debt. Cost and benefit analysis

How to thrive in recession?

4:30 -
1. Consider starting a business - during recession, government looks for more people to start a business
2. Those business on failing, buy failing business, a number of reasons
3. Buy real estate
It seems to be no brain. Owner finance, lease options.

4. Willing to be mobile, move around

Recession can be local, global and every other places

5. Invest in stock market

Psychology of investing is very challenging, when you see things going down.

Continue to invest in the stock market, when the market rebounds, then ...

7:30 - 8:10

Be fearful when others are greedy and greedy when others are fearful

Warren Buffet