what could someone do - I guess educate
themselves prepare and take advantage of
a potential crash what's wrong with a
don't understand crashes are really good
yeah you know crashes are basically like
Neiman Marcus having a sale right great
so in 2008 when the markets crashed they
also lowered the interest rates I
thought I died and went to heaven that
means like I debt cheaper yeah so when
the markets crashed my partners and I
borrowed 300 million bucks and we bought
more property and so 10 years later it's
nowhere now five almost 600 million in
debt we just passed half a billion but
we could bury a rich off of debt but
that takes financial education I know
right now in the United States it's been
you know triggered as a bear market
which is when stocks dropped from 20% or
more from the all-time high a recession
or a bear market often only happens
every decade and so right now we're
entering into that territory there's a
lot of businesses that are gonna be
affected by this so this is bubble nom
except came about in 1970 this happened
in 1971 when fake money came in so I
want to give you economics with bubble
Dominik's 101 and ain't that hard so
what happened after 1971 when the dollar
became fake it mean meant governments
could print their own money well why
would you work for money when they can
print it called counterfeit what why
would you save money when they can print
it so this here is economics for the
average person me 1971 when they ran out
of money they just get too funny
and they kept printing money they kept
printing money to the government's out
of money we just print more money and in
1987 we almost went down the biggest
one-day crash suppose allowable that
they're not gonna go anyway so after 87
they just and what happened in 2000 was
a dot-com crash so what did they do
biggest bubble ever saw 2008 what
happened what they do after 2008 biggest
money printing and a history of the
world so this is called bubble nameks so
what happens when things go on a bubble
real-estate prices go through the roof
stock prices go through the roof bond
prices go through the roof help and
people get this false sense of being
rich this is bubble economics so what's
coming up as pensions are going broke in
America they baby boomers are not going
to be able to retire so they had been
stolen by Wall Street while she puts out
these toxic assets like stocks but which
a month ETS stuff I don't touch and they
keep
it's now in the trillions it's gonna be
trillions more so let me ask you a
question what's gonna happen
that's called economics 101
thank you very much I'm preparing that
if there's a recession that yes my
portfolio everything can drop up to 50%
but long term long term I'll be able to
quadruple my net worth over a five to
10-year horizon and quadruple it in ways
that I never would have been able to
just going at the pace that I am right
now so I look at it as an incredible
opportunity for me personally where I
can take advantage of that knowing what
I know preparing my mindset even
learning investing learning business
learning marketing all these things that
can make sure that I can benefit as much
as I can when that time comes and if it
doesn't occur which you know I don't
think that is likely it's just a matter
of time but if it doesn't then I'm still
benefiting from the gains that I have
because I'm not completely out of the
market like I said I still have a lot of
my net worth invested I'm receiving
dividends from these investments and I
do invest you know every single month as
well when there's dips in the market and
opportunity that I deem is worthwhile so
it's taking that long-term approach guys
I think that's the most important thing
if you've got time on your side then a
recession could be the greatest
opportunity of your life
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