Placeholder Image

Subtitles section Play video

  • see Fu, What is your advice on how to deal and take advantage of the recession comes One thing is for certain that we know economy goes through cycles is not always, always gonna be a boom market.

  • There's always gonna be ups and downs and recession does come.

  • So how do you bulletproof yourself?

  • How do your future prove yourself right when death comes, and how do you actually take advantage of it and don't want to kind of give you?

  • Maybe somebody insights.

  • I'll give you three tips and three strategies on how to do that strategy Number one You are your own economy.

  • What I mean by that he means that yes, there depends on where you live.

  • I'm encountered.

  • Are you in us?

  • You're in Australia.

  • You in New Zealand.

  • Canada itself has an economy.

  • But you also have a person economy off your own meaning That doesn't matter economy, ups and downs.

  • There's something that you could do that you could control right on their people making more money during a recession.

  • Although in the big scheme of things, yes, there is a country economy.

  • But also you have your own personal economy.

  • When you recognize that, then you know there's something that you could do there certain factors that you could control, that there's with being your power.

  • So that's number one strategy Number two.

  • Now, in terms of investments in terms of business, toder take advantage of a recession.

  • What you want to do is you want to get into more of a cash position when times are good, right?

  • You want accumulate capital, right?

  • You want to be liquid, right?

  • You want accumulate Della those ammunitions when the time is bad?

  • When it was such an comes, that's what's when you go out there and buy stuff.

  • That's when you go to invest.

  • That's when you buy stuff at a discounted price.

  • Depends on whatever your investment strategies are.

  • So that's strategy Number two.

  • Strategy number three.

  • Within your portfolio, you wantto have certain products of businesses will serve sort of mark.

  • It's what I call the recession proof business.

  • I call those bartending business now.

  • I don't mean actually open up a bar.

  • I mean business is that you know when times are good, those business will do fine.

  • But when times are bad, those business would do better.

  • When I say bartending business.

  • It means that when times are good, people go have a drink.

  • When times are bad, people go have two drinks, right in step bite of what happens.

  • Economy people would spend money in those sectors and those businesses.

  • That's what I recommend.

  • So example for me.

  • As you know, if you follow my work, I trained closers and I trained copywriters and we work with the launch of and companies and brands we know.

  • And I know that when times are good companies, businesses, they need customers, they need leads.

  • They need sales.

  • When concept bet.

  • Guess what?

  • They want more customers.

  • They don't just want they need customers now.

  • So my business would prosper when the times actually bad.

  • So those are the three strategies.

  • But important thing is, you have to educate yourself and a lot of skill sets to be able to earn more money so that you could generate more money.

  • You gotta prepare yourself ahead of the time.

  • Now, if you want to know more about some of things that I do book a time to speak to one of my high income in barges and see how we could help you equip you with skill sets or, if you are a company, how it could help your scale with a more cells team as well.

  • So clearly blow and book a time with.

  • But remember today.

see Fu, What is your advice on how to deal and take advantage of the recession comes One thing is for certain that we know economy goes through cycles is not always, always gonna be a boom market.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it