Back in 2020 when the pandemic threw the world economy into a tailspin…
Everyone thought we were in for a world recession…
And while there we did experience some economic turmoil…
Experts are saying that was nothing compared to what’s around the corner.
They say a depression is a very high possibility.
Because recessions tend to happen every 7 years, we’re long overdue for one…
As the last one was the Global Financial Crisis of 2008.
So in this week’s newsletter, I’ll share ways you can prepare and survive the next recession…
And if you’re savvy, make money and expand your business while others contract theirs.
Why Your Mindset is KEY In a Recession
You see, preparing for a recession is all about how you view it.
Most people see a recession as the end of the world, but there’s a small percentage of people who thrive and make more money in a recession.
How To Recession Proof Your Income and Business
In my career, I’ve been through many economic downturns.
And if you look throughout history, recessions actually get shorter and we bounce back faster.
There’s no telling how long the next recession will last, so here are 3 things you can do to prepare for it >>
I truly believe everyone can survive a recession if they’re well prepared.
But you must start as soon as possible.
Recessions affect everyone in different ways, and most people don’t think a recession will affect them, but they’re wrong.
It’s those people who panic when the recession hits, because they weren’t prepared.
They try to fix their situation, but it’s too late.
So let’s assume, you’ve done the things I mention in the video above.
You’ve got one or more skills you can use to make money…
You continue to stack cash and keep it on hand…
And you have a recession proof business.
Another thing you’ll want to do is pay off any outstanding debt.
As interest rates around the world continue to climb, any debt costs you more to service.
Doing these 4 things puts you in a great position to make money during a recession.
As Warren Buffett says “Bad news is an investor’s best friend”…
So, let’s dive into some ways you can take advantage of the upcoming recession and set yourself up for financial success.
How To Make Millions In The Next Recession
The more skills you have, the better chance your business has of surviving.
With the success of your business, ensure you stack as much cash as possible
They say “cash is trash” and normally I’d agree, but in a recession, cash is KING.
You always need cash in case of emergencies.
But when the time comes, you’ll need cash to invest in investments of your choice.
Most people make money from stocks and real estate in a recession.
Why those investments?
Because as people sell to get out of the market to salvage their net worth or pay back debt…
This is the best time to get a bargain.
DISCLAIMER: In no way is this financial advice. You must always do your due diligence before making any type of investment decision and never invest in anything you don’t understand.
Mark Tilbury is someone who’s lived through a few recessions and been very successful at profiting from them.
You may like to check out this video where he discusses his strategies for recession profits >>
There are so many great YouTube videos out there on how to prepare and profit from the coming recession.
Feel free to do your own research if you want to dive deeper into this topic.
I’m going to leave you with a longer video, you may like to watch by Valuetainment.
Inside you’ll discover:
- A history of the 10 worst American stock market crashes, and how to prepare for the next one…
- Why a recession is a good time for you to start a business…
- How to make millions in the next recession…
- And so much more
Click here to get Patrick Bet David’s market crash strategies >>
To recap, develop your skills, pay off any debt, and stack cash, for emergencies and invest when the time is right.
Recessions come and go, and although they can be challenging, you’re more than capable of weathering this storm and emerging financially stronger.
Until next time, go high ticket,
Dan Lok
P.S. – Your business is one of your biggest assets in a recession.
I have expanded during these contractionary times, and the businesses that follow suit also go on to have major growth once the recession ends.
You’ll get my 6 steps to 6 figures months and you also discover why most coaches and consultants will NEVER hit $100K per month and so much more.
See you there.
P.P.S. – High ticket mastery is fast approaching…
We go live for 3 full days on January 25-27.
During this event, you’ll get the 3-step process I used to sell over $100 million in coaching and consulting services.
To find out what the 3 steps are and for the full scoop on this phenomenal LIVE event, click here >>
