there are three types of people during a
market crash and I want you to decide
which one you're going to be
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hey this is Ryan hildreth75 online
marketer and today I want to identify
the three types of people during a
market crash and help you become the
best person in that situation because
whether you know it whether it's in two
bound to be a market crash right the
market is very cyclical whether you're
talking about the stock market or
interest rates or even unemployment
rates and that's kind of what I want to
dive into today so unemployment rates
are at the very lowest they have ever
been in the past I think you know since
the last market crash in past seven
eight years and when that happens you're
bound to get cyclical movement okay so
if we've been at the lowest unemployment
rates then you know we might not go much
lower than here so unemployment rates
might rise right so I want to help you
you know have the best situation during
a market crash because there's a the
first type of person which this might be
you and I and I don't want this to be
you the person that's actually affected
by a market crash meaning they only have
one source of income they lose their job
they have high interest debt right debts
maybe that they can't pay off if they
were to lose their job they have you
know a lot of debt maybe a huge mortgage
that they can't afford if they lose that
one source of income and we saw this
happen in 2008 a lot of people lost
their jobs a lot of people had mortgages
they couldn't afford if they lost that
job so in order to you know get out of
that situation you have to go to the the
third type of person which is a person
who has multiple streams of income who
doesn't have high interest debt right
and it has a skill set a high income
skill set that's going to be favored in
the times of a market crash and I'll
kind of get into that and then there's
kind of the second person which is you
know a lot of people went through this
where you know you have a stable job and
maybe the health care industry right
my mom was you know a nurse at the time
and my dad was in advertising so I
didn't really feel the effects when I
was a kid during 2008 I really didn't
see the effects of the market crash all
I knew is that the value of our home
went down significantly and there was a
lot of foreclosures in my neighborhood
there was seven foreclosures on my
street alone and that caused us to move
you know back to Orange County in
Southern California and so I didn't
really feel the effects other than we
had to move and we didn't make we
actually lost a bit of money on our
house
but the most optimal optimal situation
to be in is to actually take advantage
of a market crash and that's kind of
something that I want to talk to you
about today okay because there's plenty
of opportunity there's plenty of wealth
being built during a market crash and
that's because the people that time it
right they don't always get the timing
right but they're always prepared
meaning they have a little bit of cash
set aside to invest in buy up deals
right when a market crash happens it
should be an exciting thing for you
because that means there's tons of
opportunity and deals to go shopping
right not shopping for clothes or Gucci
or you know Balenciaga shoes right it's
actually a time to go shopping for
assets such as real estate stocks right
blue chip stocks high dividend paying
stocks you know whatever it is maybe
you're into paintings and pieces of art
or you know it really depends what
you're into
as far as investing goes but there's
going to be tons of opportunity in this
next market crash I think personally
that you know it will be caused by
either student debt or unemployment
rates increasing because of the smart
economy right lots of jobs are being
automated by AI and machines and robots
so you know I believe unemployment rates
will rise and that that will be the
situation that causes kind of a
recession or a market loom and what you
need to do to the end to be prepared for
that is right now develop number one a
high income skill set okay
something that like marketing right
there social media marketing something
that's going to be sought after during
times of recession where businesses are
suffering but they still need to market
their products and services in order to
sell right in order to create more
revenue and keep the cash flow going to
pay their employees right to generate
new products right businesses will go
out of will go out of business if they
don't continue to market but what they
do you know do in those situations is
that they reduce their marketing spend
right maybe they go to agencies or
advertising firms kind of like me maybe
a smaller firm that does a really really
good job right but charges less than a
big huge agency that charges you know
hundreds of thousands of dollars just
because they have a name you know that
just because they have a big brand right
so if you develop a high income skill
set such as marketing or social media
marketing and I have a master class down
below in the first link in the
description you can learn exactly how I
built a six-figure business in a matter
of four months you know and that's a
high income skill set also you should
have multiple streams of income right
behind your high income skill set you
should also be maybe investing and
having some passive income coming in or
doing affiliate marketing and having
passive income supplementing what you're
already making right so you know if you
don't have any money to invest during a
market crash you don't have much cash
set aside then the best thing to do
right now is focus on building a high
income skill set and that's something
that is not you know that's not a
corporate job that's not going to be
taught in the public education system
you have to take programs from mentors
who are multi millionaires or have built
six-figure businesses or are in a
position that you want to be and that's
currently what I did you know I'm
practicing what I preach
I don't have any high interest debt you
know I invested in you know multiple
stocks and investment properties so I
have some passive income
coming in and then also have some cash
on the side to be ready for when the
market does crash now depending on where
you're at in life if you you know maybe
have $100 or a couple thousand or a few
hundred thousand you know it's always
good to have a little bit of cash set
aside just in case your source of income
goes down during a market crash because
people are buying less things people are
you know businesses aren't thriving as
much but if you do build your own
business right based off your high
income skill set then you won't really
have to worry right because you know
that you can always go find clients in a
time of market recession you know you
can maybe reduce your prices to meet to
kind of be more competitive in whatever
market you're in whether you're doing
social media marketing or affiliate
marketing or drop shipping whatever it
may be and you know rely on your high
income skillset don't rely on a
corporation to pay you during a market
crash so you know that's what I wanted
to touch on which type of person are you
are you the person that's gonna be
affected by the market crash meaning you
have maybe a lot of credit card debt
maybe you have no cash set aside if
that's you you know I'm not gonna say
that that's fine because you know in the
time of in a time of you know a market
crash you want to be prepared so I would
say that if you do have high interest
debt try paying that off as much of that
as you can credit cards stuff like that
loans that are high interest start
paying off those debts right now right
and then also set a small portion of
your paycheck aside for savings so you
know when you need that rainy day fund
you have it and that's the best advice I
could give for someone that doesn't know
anything about business or
entrepreneurship also develop a high
income skill set so maybe take my master
class down below it's free to attend and
I'm gonna show you a high income skill
set now if you're someone who does have
cash set aside you are being prepared
for the market crash then you know props
to you keep doing what you're doing and
you know
it's gonna look good here in the next
couple years maybe two to five years you
know just have to give it some time and
wait for that opportunity to come so I
hope you enjoyed this video give it a
thumbs up comment down below for a
coaching call
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