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On Today's Episode:
With U.S. inflation rates being reported over 9%, having the knowledge and strategy to be prepared and survive the next recession is a must! There are elements that make the times we are living through feel unique, but cycles repeat whether they are economic or dysfunctional family cycles.
If you're struggling financially to keep up with inflation, just lost your job, or you're trying to figure how to do more than survive these uncertain times, this video is for you.
In this episode, Ramit Sethi, the Wallstreet Trapper, and Russel Brunson layout 3 ways you can prepare for the upcoming recession. Get tips for how to manage and automate your finances, and several other bonus gems that hold the potential to change your life forever, if you're ready to get to work.
'Victory however long and hard the road may be…' -Winston Churchill
Ramit Sethi is an entrepreneur, personal finance advisor, and NY Times bestselling author. Check out the full episode with Ramit Sethi, Everything You've Been Told About Money is Wrong: https://youtu.be/uSgY_PxL_Zo
Wallstreet Trapper is an entrepreneur known for educating people how to build wealth, buy equity and invest in stocks. Catch the Wallstreet Trapper's full episode, The 1% Do This to Get Rich: https://youtu.be/TXNFLgl3Y1c
Russell Brunson is a serial entrepreneur, NY Times bestselling author, and the man behind the infamous ClickFunnels. Watch Russell's full episode, How to Survive a Severe Economic Downturn: https://youtu.be/DBQQFrUx7wc
SHOW NOTES:
0:00 | Introduction Protect & Compound Wealth
26:05 | Learn & Get Ready to Buy Equity
45:33 | Survive Any Downturn
QUOTES:
'Investing is not about excitement. You want excitement? Get a dog, [...] investing is boring, it's like watching concrete dry, and it should be.' Ramit Sethi [10:49]
'The best investors are humble.' Ramit Sethi [13:39]
'Most people would rather pay $250,000 in hidden fees than pay $10,000 out of their pocket.' Ramit Sethi [25:30]
'It's hard for people to make sacrifice, because you gotta now go against and do without some of the things that gives you that momentary gratification.' Wallstreet Trapper [28:34]
'You gotta start somewhere, you gotta make the game winnable…' Wallstreet Trapper [31:24]
'The key to wealth is through ownership.' Wallstreet Trapper [33:18]
'You can't work your way to wealth, you gotta invest your way there.' Wallstreet Trapper [33:57]
'The companies that are going to survive and be nimble are the ones that understand how to shift their messaging…' Russell Brunson [52:40]
'The money you make will be in direct relation to how simple you make somebody else's process.' Russell Brunson [57:16]
'The most valuable person in any company is the person who, [...] can make it rain, who can bring people in.' Russell Brunson [1:02:17]
Follow Ramit Sethi:
Website: https://www.iwillteachyoutoberich.com/
Podcast: https://www.iwillteachyoutoberich.com/podcast/
Instagram: https://www.instagram.com/ramit/
Twitter: https://twitter.com/ramit
Follow Wallstreet Trapper:
Website: https://www.wallstreettrapper.com/
Twitter: https://twitter.com/Wallstreet504
YouTube: https://www.youtube.com/channel/UCR6hXiWOlFWc46qMFMClKHA
Instagram: https://www.instagram.com/wall_street_trapper/
Follow Russell Brunson:
Website: https://www.russellbrunson.com/hi
YouTube: https://www.youtube.com/c/FunnelHackerTV
Instagram: https://www.instagram.com/russellbrunson/
Are you prepared for what the future of the world economy will be?
@AveryAndIyla Says:
somebody save us from the blustering and share the 3 ways!
@mr_digdeeper Says:
If Michael Saylor was in this room he’d tear this guy apart lol!!
@sz4179 Says:
Vanguard 2030 retirement fund is down below prepandemic level, WAY worse than s&p 500. What a 401k mistake!
@AdamHMortimer Says:
Big changes are coming you must adapt. The economic world is dying, and a new digital world is emerging.
@gratefulhedge7900 Says:
Wisdom
@enzoloko7483 Says:
Uranium the best investment, and it is not a joke
@tothefxckinmoon4540 Says:
Listening to this dude was cringe
@poppyspowerups Says:
I love this video. I physically felt the change within myself when I heard the challenge to make 100 videos. I'm at 15 to 20 probably and I'm so awkward but I think that I can change the future for many people.
Thanks for the encouragement. #powerup
@anthonyrussell5718 Says:
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
@myfirstladii Says:
this man who spoke on robbing people is part of the problems we see in young black men today..he should NEVER be praised for destroying the community he grew up in...
@lepepeblanc2164 Says:
You: 315k in 30 years, omg I can do so much with that money, I can buy a house, a new car, get my GF a BBL
Inflation: hold my drink
30 years later
You: I can barely afford botox
@leonaking1865 Says:
How do you qualify for your rental property home equity with good credit and a low paying job. Renters cover rent now and would cover the rent with refinance cash out?
@freebird5215 Says:
this guy sounds like a rep for vanguard
@jefferysfishing8190 Says:
Transfer of wealth usually occur during market crash, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 8weeks, how do I learn these strategies, my portfolio has been stagnant for months.
@Nick_Henri Says:
***Great content Tom. Not sure why you feel the need to inject all those *f-bombs* though. Feels very out of place. Takes some of the shine off otherwise very interesting and unique info. Even your guests don't swear.
@MC-xc8dp Says:
I hate that our country is lying to us about our old monetary system. B.R.I.C.S. is not playing around. Their new financial coalition is becoming the desire of other countries so that they do not have to use the petrodollar. What does this mean? As these other countries start to side step the petrodollar, where do we think those dollars are going wind up at? Maybe they will find their way back to America causing us to go into hyper inflation. Not good! What B.R.I.C.S. is doing should be on every new channel. Our President, Congress men, Senators, and everybody in our country should have great concerns of this. What is going on?
@michaellll24 Says:
Quit watching when he used crypto and GameStop in the same sentence. Everyone lives under a rock.
@believeimages6034 Says:
What opportunities are there? Everything is basically only like 10-15 percent from all time highs. Hardly anything to get excited about.
@derekjohnsonvisuals Says:
I do like Ramit and have read his book Think And Grow Rich, however, I think his outlook on investing is a bit antiquated for those under 30. I've been contributing to an IRA for 5+ years, have a diversified portfolio and a couple years ago began getting into crypto. Most people these days don't want to work a mediocre job and be enslaved by the system - they're looking to escape the matrix and break the norm. I plan to retire within the next 20 years and I fully believe crypto will help facilitate that. DYOR, diversify and be patient
@PiNet.ref.-Y3O14i Says:
. ⬆⬆️⬆
Pi Network will be a great crypto, code above
( Y and O in uppercase ) .
Pi is trying to become a worldwide spread coin , be part of it.
@piritekanawa Says:
This studio set nice 🔥
@phiaowo3999 Says:
This guy is selling a fund
Why would anybody listen to him?
I don’t believe/ listen to salesmen
@phiaowo3999 Says:
What about the WEF plan to make us "own nothing and be happy"? Maybe they see that writing in the wall?
Looking at pop numbers and extrapolating and thinking in terms of the concecuences of:
Pop migration from farms to cities in the last 150 yrs.
Resources strain and economic impacts of exposive world population growth ( for example from 2.5 billons in 1950s to around 7.7 B in 2020) along with aging population
Unequal pop growth.The UN projects unequal pop in the world, with higher growth rates in Africa, with Asia peaking by 2050 (no matter what they do they are doomed pop wise) while dwindling down in the EU-28 and North America.
In few words an overpopulated world, crowded in the cities, with the majority of older people and few productive young ones in the developed countries. Increased pop in countries with political inestability with difficulties for food production in Africa.
I forcast more wars for resourses, diseasses and poverty in general.
@phiaowo3999 Says:
your rich dreams man are based in the past not the future. The world is going to a very different reality very soon.
@HugoSanchez-qq2oh Says:
Man Tom is clueless but he is definitely learning.
@TraderPhilly Says:
funny how the first guy interviewed is so against trading and thinks its a joke, then second guy interviewed trades and invests in stocks and still in making a good life off of doing both.. after all we all got our own opinions as to what really works when you understand that you put alotta time and efforts into it i mean nothing is impossible so bores me when people think a certain industry doesn't work simply cause they dont make money of it.
@clinfordbenjamin730 Says:
Sometimes I really wonder how people make huge profit investing in the stock market, I know investing is a legitimate way to gain financial freedom but how is it done?
@MaknBank Says:
Disagree with his thoughts on Inflation
@RetailInvestingNews Says:
Even in Crypto DCA is proven to be the most successful way year after year after year and so on.
@RetailInvestingNews Says:
Mic Drop!! Great Interview!!
@larryronhartfield55 Says:
I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA Susan Kay Mack. Already with a 7 figure portfolio but I have no doubt investing more.
@alalalala999808098 Says:
this guy is so full of shit and is using the passive investment strategy he is shilling as exit liquidity to make profits during the down market
@QuadTap Says:
Guy: "the right thing to do is put your money in the stock market" same guy: "nobody knows what's going to happen in the stock market"
@MrBiggharv Says:
Trap 💯
@theScholar74 Says:
It hurts me that bots have taken over the comment section of this channel. I try to troll them but I'm only one man.
@TheArtistFormallyknownas-Jess Says:
Can anyone tell me (stock market rookie here) Are the returns from stocks dividend payouts or buying low, selling high?
@Jwick1518 Says:
13min. Yes people know. This is a total house of cards, ponzy scheme. The markets are propped up by the FED. We are printing money (debt notes) like never before. It's mathematically inevitable that this will crash and is crashing. The dollar is backed by NOTHING. What did it buy you 20 years ago as compared to today. All of the big boys are getting out while the poor will be left holding the bag. And yes there is a digital currency coming. This s a joke. If you don't hold it you don't own it, especially in this day and age. It's a very different world. You can not say this is sustainable and the new bill we just passed... WOW!! It will obliterate all that's left of the "middle class". Not to mention they are sending 90 thousand new IRS agent storm troopers to further extort you, NOT THE RICH. You guys sound just like CNN. BUY BUY BUY. Crash boom.. I won't even get into A.I. taking over any jobs left. Do your research. Every store has more and more self check outs, apps etc to get rid of the need for people. Even burger flipping machines. What do you think you are buying in the market? Buy a farm and learn to help yourself. Vanguard is big because they already own you. Look it up. This may have been good info decades ago. But a new system is coming in. Tom your content just keeps getting worse and worse. Like the ego.
WOW.
@TheGinOfAmber Says:
I wish for a podcast with Jordan Peterson, Joe Rogan, Russel Brand, Lex Fridman, Varlamov, Micheal Yon and Andrew Bustamante. I mean just all of them discussing something crucial to our lives like WEF, war, goverments and economics might actually change something. You guys have a gigantic following, imagine what you could move combined, what you could make better.
@omarahelluc94 Says:
The success behind my profit earning in bitcoin Investment is not solely on my skills but by the help of Investing with an expert.
@Sule89222 Says:
Waiting 10 years to double your money in best case? No thank you..
@Sule89222 Says:
People who understands crypto don’t just switch coins.. You have to inform yourself more..
@Sule89222 Says:
Well,crypto „bubble happened 4 times already,what makes YOU think next time will be different?
@David-sm1ht Says:
This guy doesn't get DEFI???
@prdeacon974 Says:
The media is silent about the recession. Of trump was in office, it would be like covid, people would all be afraid to shop and spend. But I’m he silence from media is scary.
@PIKOLO390 Says:
Who ever watch Michael Saylor is ahead of time
@ThickSoundBass Says:
Ramit!! 💪
@Therealjayforeign Says:
Who is the black guy I need to subscribe to him 💯
@jonedwards3033 Says:
Pointless Shite - another hour of our Lives wasted with fkn drivel....X
@SnowMan2-trader Says:
i hear what he is saying and sounds good, however im waiting for the crash before i buy back in.
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