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Preparing Now: Building Wealth Using the 2023 Recession - Tips from Graham Stephan


Attain Your Potential - Download the FREE Impact 90 Challenge Start Pack: bit.ly/3hr3zBi Click here to download your FREE guide to 100x YOUR EFFICIENCY IN 10 EASY STEPS: On Today's Episode: If you’ve noticed the price of eggs recently you may have realized the pain of the recession we’re currently experiencing. Making money during a recession is not only possible, it’s often said to be the time when millionaires are made. Graham Stephan, host of Iced Coffee Hour, successful YouTuber with over 500 million views started his journey to financial success at 18 years old at the start of the 2008 financial crisis. Years later, over 30 and more than $120 million in real estate sales later, he’s one of the biggest millennial influencers sharing his wins, failures, and experiences for everyone to learn. In this episode Graham talks about spotting opportunities, doubling down on where you put your efforts, his approach to investing, and how he beat the market with a monkey picking investment stocks. Before you think he had a lucky break into real estate, Graham breaks down how much free work he did to learn real estate, make money, and gain mastery. Struggling to see opportunities when everyday feels like doomsday is normal. On this channel we find ways to struggle well, build skills, and put those skills to work and build your success brick by brick. QUOTES: “I just look at the data and that makes me feel safer.” “I would work with him for free. I would do anything he wanted for free, and I just wanted to learn and any business that I brought in we would split 50/50.” “If I’m going to be able to get the information, the contacts from somebody that’s already doing it well, all day I’d work for free!” Tom Bilyeu “Whatever I’m spending, 10% a year I could be getting forever.” “If all you know is failure, why would you trust the process of thinking any different?” “The way you feel about money is highly uncorrelated to how much money you have in the bank.” Ramit Sethi “Saving money is important, but spending money is also important, [...] if you don’t learn how to spend on things that are meaningful to you, then you can accumulate a lot of money over time, but you won’t actually know how to use it.” Ramit Sethi Follow Graham Stephan: Website: Twitter: Facebook: Instagram: YouTube: ...(read more)



BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The thought of a recession can be daunting for many people, but for those who are prepared, it can actually be an opportunity to build wealth. Real estate investor and YouTuber Graham Stephan outlines some steps for using the 2023 recession to your advantage, and how to prepare now. First, it's important to understand that a recession is not necessarily a bad thing for everyone. In fact, some investors actually prefer a downturn in the market, as it can present opportunities to buy assets at a lower cost. Stephan advises that the key to benefiting from a recession is having a solid financial foundation in place beforehand. One of the most important things you can do is to save money and pay off debt. Having a healthy savings account and little to no debt will put you in a much stronger position when the economy takes a dive. You'll have a cushion to fall back on, and won't be saddled with high interest payments or struggling to make ends meet. You'll also want to start looking for investment opportunities in undervalued assets. This could include stocks, real estate, or even small businesses that have been hit hard by the recession. By doing your research and being patient, you can invest in things that are likely to rebound when the economy recovers. Stephan also suggests that you focus on building multiple streams of income. Having income from different sources can help insulate you from the effects of a recession. This could include starting a side hustle, investing in dividend-paying stocks, or building passive income streams through real estate. Finally, it's important to stay level-headed and not make any rash decisions during a recession. While it can be tempting to panic-sell or make big changes to your portfolio, having a long-term strategy in place will ultimately be more successful. By keeping a clear head, and making smart, strategic investments, you can use the recession to your advantage and come out ahead when the economy recovers. In conclusion, while a recession can be scary, it doesn't have to be a negative for your finances. By preparing now, building a solid financial foundation, and investing smartly, you can use the 2023 recession to build wealth and come out stronger on the other side. https://inflationprotection.org/preparing-now-building-wealth-using-the-2023-recession-tips-from-graham-stephan/?feed_id=103041&_unique_id=647765b11229b #Inflation #Retirement #GoldIRA #Wealth #Investing #beamillionairein3years #buildwealthinyour20s #ConversationswithTom #financialeducation #grahamstephan #HealthTheory #howtobeamillionaire #howtobuildwealthfast #howtoinvest #icedcoffeehour #ImpactTheory #InsideQuest #InsideQuest #inspiration #Interview #interviewshow #investing #millennialmoney #mindset #motivation #motivationalspeech #ramitsethi #realestate #realestate101 #TalkShow #Thegrahamstephanshow #TheoryImpact #TomBilyou #TomBilyeu #RecessionNews #beamillionairein3years #buildwealthinyour20s #ConversationswithTom #financialeducation #grahamstephan #HealthTheory #howtobeamillionaire #howtobuildwealthfast #howtoinvest #icedcoffeehour #ImpactTheory #InsideQuest #InsideQuest #inspiration #Interview #interviewshow #investing #millennialmoney #mindset #motivation #motivationalspeech #ramitsethi #realestate #realestate101 #TalkShow #Thegrahamstephanshow #TheoryImpact #TomBilyou #TomBilyeu

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