You must know by now that we are about to enter a time of recessions.
This sounds like a psychological nightmare, especially for one income-stream earners.
But, not everything has to sound like a bloodbath during a recession.
Good news: There’s always hope on the other side.
Once you’ve lived through a recession … or two, you gain a lot of wisdom on investment opportunities and risks.
You learn to buy quality assets while everyone else is fearful.
Honestly, the last recession was WAY more difficult.
- Banks didn’t want to lend money
- NO one wanted to lend money for that matter
- Prices were low, but rents were stagnant. It was harder to make deals cash flow
But NOW, seeing how a property I bought in 2008 for $200k is worth $400k+ in today’s market, imagine how much YOUR properties will be worth in just a few years from now.
Or, dare I say it, by the economy’s NEXT recession.
We are in an economic cycle so I believe this recession will last anywhere from 6-12 months.
Your goal = cut back on unnecessary expenses and invest for the long-term and eventually it WILL turn around. ALL this to say …
. . .recessions are huge opportunities.
Build your empire during this downturn.
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