1. 'Dig the well before you thirst'.
Those were the words of Socrates 2400 years ago.
I've tried to live by those words, and now they are especially applicable.
This is going to be a LONG, but important, thread.
And it's where my age (53 next week) is an advantage.
Those were the words of Socrates 2400 years ago.
I've tried to live by those words, and now they are especially applicable.
This is going to be a LONG, but important, thread.
And it's where my age (53 next week) is an advantage.
2. And there are going to be a couple of affiliate links at the end, but you'll see why in a minute.
The impact the Corona Virus is going to be MASSIVE, whether it amounts to anything or not.
Some are calling it #Pandumbic .
Maybe they're right, and people ARE overreacting.
The impact the Corona Virus is going to be MASSIVE, whether it amounts to anything or not.
Some are calling it #Pandumbic .
Maybe they're right, and people ARE overreacting.
3. Others are concerned that the hospitals are going to be overwhelmed and it's basically going to turn into The Purge, with everyone attacking everyone else.
I'll give you my thoughts at the end.
But here is what I promise you is going to happen:
I'll give you my thoughts at the end.
But here is what I promise you is going to happen:
4. The economic impact will be in the billions if not trillions.
People will lose jobs, layoffs will be massive, and who knows when it will be YOUR turn.
But, at the SAME EXACT TIME, fortunes (relatively speaking) will get made.
Money NEVER stops getting made, it just moves.
People will lose jobs, layoffs will be massive, and who knows when it will be YOUR turn.
But, at the SAME EXACT TIME, fortunes (relatively speaking) will get made.
Money NEVER stops getting made, it just moves.
5. My grandfather bootlegged whiskey during the greatest economic depression this country has ever seen.
EVERYBODY, it seemed, was out of work.
BUT, he still managed to make 3 trips a week to Arkansas to bring back whiskey to Tulsa OK.
And make $900 EACH TRIP.
$2,700/week
EVERYBODY, it seemed, was out of work.
BUT, he still managed to make 3 trips a week to Arkansas to bring back whiskey to Tulsa OK.
And make $900 EACH TRIP.
$2,700/week
6. And he did it for years.
He had saved up $500,000 in cash by the time he was 19 and bought all of what is now downtown Santa Fe, New Mexico.
(How he lost it all is another story.)
The point was people still had money for whiskey. And plenty of it.
He had saved up $500,000 in cash by the time he was 19 and bought all of what is now downtown Santa Fe, New Mexico.
(How he lost it all is another story.)
The point was people still had money for whiskey. And plenty of it.
7. So, back to Socrates:
Get a separate income going NOW.
BEFORE you need it.
It could be real estate, sales, website design, copywriting, ANYTHING that makes you money, because your day job might just disappear in a moment's notice.
Get a separate income going NOW.
BEFORE you need it.
It could be real estate, sales, website design, copywriting, ANYTHING that makes you money, because your day job might just disappear in a moment's notice.
8. If you're stumped, here are some suggestions/resources for you:
First, if you want to learn financial planning, I run a mentorship program. I teach EVERYTHING you need to know to run a PROFITABLE business, but it ain't cheap.
6 months is $5,000.
First, if you want to learn financial planning, I run a mentorship program. I teach EVERYTHING you need to know to run a PROFITABLE business, but it ain't cheap.
6 months is $5,000.
9.
But, I realize that that is out of reach for many, or you have no interest, so here are 3 other suggestions for you:
-@joserosado has a KILLER, and I mean KILLER course on website design.
And its CHEAP.
People NEED good websites.
gumroad.com/a/81163379
But, I realize that that is out of reach for many, or you have no interest, so here are 3 other suggestions for you:
-@joserosado has a KILLER, and I mean KILLER course on website design.
And its CHEAP.
People NEED good websites.
gumroad.com/a/81163379
10. People will also need them more if shopping goes online and brick and mortar businesses get closed, shuttered, or a ban is put in place.
CNN reported that Pike's Market in Seattle is DEAD.
Nobody there.
Website design is a great way to make money and help the community.
CNN reported that Pike's Market in Seattle is DEAD.
Nobody there.
Website design is a great way to make money and help the community.
12. Google just told all their employees to work from home.
Do you really think they're going to spend the same amount of time 'working' as before.
HELL no.
They're going to be screwing around online.
Jose also has a great course on monetizing Twitter.
Do you really think they're going to spend the same amount of time 'working' as before.
HELL no.
They're going to be screwing around online.
Jose also has a great course on monetizing Twitter.
14. Again, think about WHERE money is going to get spent if nobody is leaving their house.
Online.
And people are going to get bored and cabin fever quick.
Which leads to my last recommendation:
If people are losing their jobs, they are depressed.
What do they do?
Online.
And people are going to get bored and cabin fever quick.
Which leads to my last recommendation:
If people are losing their jobs, they are depressed.
What do they do?
15. Two things, actually:
First, they sell stuff, cause they need money.
And they often sell it cheap.
Next, they buy stuff cause they're depressed and bored.
What is all business really boil down to?
Prop Joe from the Wire said it best: 'Buy for a dollar, sell for two.'
First, they sell stuff, cause they need money.
And they often sell it cheap.
Next, they buy stuff cause they're depressed and bored.
What is all business really boil down to?
Prop Joe from the Wire said it best: 'Buy for a dollar, sell for two.'
16. Another Joe, @CoachJoeHart wrote THE manual about how to put yourself in the middle of all these transactions and get paid in The Art of Flipping.
All the details about how to buy, price and sell in one guide:
gumroad.com/a/213496947
All the details about how to buy, price and sell in one guide:
gumroad.com/a/213496947
17. Regardless of what avenue you choose, NOW is the time to start digging your next well.
Personally, I'm with Dr. Drew and think the whole thing is completely being blown out of proportion.
But, I'm a finance and math guy, not a scientist.
Personally, I'm with Dr. Drew and think the whole thing is completely being blown out of proportion.
But, I'm a finance and math guy, not a scientist.
18. Regardless, THINK about where money will be moving, how buying habits are going to change over the next few months and how you can position YOURSELF to profit from this.
Then, you can buy my awesome tax course which will be out one of these days, and you'll need it.
Then, you can buy my awesome tax course which will be out one of these days, and you'll need it.
19. Tomorrow, I'll write more about how to protect yourself if all your money is (was?) in the market by explaining a concept called indexing (which is NOT the same as index funds).
In the meantime, SERIOUSLY consider how you can not be a victim if you lose your job.
In the meantime, SERIOUSLY consider how you can not be a victim if you lose your job.
20. The world needs more winners, less whiners.
I'm sure somebody else said that first, but I can't think of who, so we'll say it was me.
Remember, my grandfather made $2,700 a WEEK back in 1939 during a crisis.
That would be $112,000 a MONTH in today's money.
I'm sure somebody else said that first, but I can't think of who, so we'll say it was me.
Remember, my grandfather made $2,700 a WEEK back in 1939 during a crisis.
That would be $112,000 a MONTH in today's money.
21. Keep fighting, don't EVER let circumstances control you.
/end
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