Half the experts claim we're about to enter a "Roaring 20's" situation with parties and prosperity.
The other half claim we'll end up in a CCP bread line after hyperinflation and government incompetence collapse America.
Personally, I wouldn't worry about predicting the future. Black pill, self-defeating cynicism has no merit. And there's no point in being overly optimistic unless you're already seated at the winners' table.
Afterall, the original "Roaring 20's" was only enjoyed by a handful of people in a select few locations.
Because of this, you're best bet is to position yourself so that you can ALWAYS enjoy the good times while CONSISTANTLY minimizing downturns.
Sound impossible?
The richest families in Europe have done this for 700 years.
They've remained prosperous through wars, famines, etc...
To quote the Navy Seals, "It pays to be a winner."
The biggest economic threat of 2021 is inflation.
This has become a huge topic and there's a lot of worry about the dollar losing all value.
An easy solution? Make more money and buy assets
There are a lot of companies bigger than the USA (Coca-Cola for example).
There's also Bitcoin, real estate, and foreign businesses.
If you ever read one of those "Collapse of America" books, they'll always suggest buying Swiss Francs. Buying shares of Nestle would be a lot less complicated and achieve the same results.
When it comes to Crypto, I will be the first person to admit that I know nothing about evaluating alt coins or figuring out which obscure token will rise from $0.005 to $7.
I missed out on Chainlink and many of the speculative buys I did make lost value long-term.
An easier way to capitalize on Crypto is through dollar-cost averaging Bitcoin.
It's a pretty basic strategy, yet doing this still allowed investors to triple and quadruple their money this year.
Lastly, if you want passive Bitcoin income, check out BlockFi.
They're a high-yield Crypto savings account with monthly payouts.
BlockFi is running a special this week. You get $50 in Bitcoin when you open a new account.
In terms of money, we live in the golden age of low effort content.
One Tweet can get you more views than a 3,000 word blog post. Same goes for other platforms like Instagram. Social media provides a VERY EASY entry-point for making money online.
Learning how to scale accounts (recommending "The Art Of Twitter," referral link) -
If America locks down again, and there's a good chance they do, book a plane ticket and leave the country.
ASAP
Being locked inside during winter, in a negative mindset country with civil unrest is a recipe for disaster.
In Central America, you can rent a nice apartment, in a safe neighborhood, with good Internet for under $500.
And prices are way lower if you're in a smaller city.
Even if you have very little in savings, you could easily do something to pay rent (or just get a 0% interest for the first 18 months credit card) and cover the bills.
If your grandfather bought a rental property for $20,000 back in the day, your family is minting money.
If your grandfather put 10% of his paycheck into savings and nothing else, you're going to work.
Don't repeat this mistake.
Your main goal is to buy or build things that appreciate in value over time.
Otherwise you're just stuck running the hamster wheel forever. And that's true whether you're flipping burgers or earning a high income while overspending.
BIG GIRTHY WHITE PILL SUPPOSITORY TO FILL YOU WITH HOPE THREAD
3 PREDICTIONS THAT 2021 WILL BE GREAT, IF YOU'RE A SMART MAN
1. Obesity Continues Expanding.
A lot of people stopped working out in March and will never get into shape again. In the future, anyone with a moderately good physique will stand out.
2. More People Living At Home Or In Smaller Cities
Twofer here.
Rent will (hopefully) go down more in major cities, providing a great opportunity for adventurous young man.