Recession recession recession i feel Like everywhere you look that’s the word That you see especially if you follow The youtube finance gurus and experts Whole financial markets are tanking Right now people are talking about how The economy is about to crash and all That increasing inflation food prices Gas prices which you’ve probably noticed The question that keeps coming to my Mind is what’s gonna happen with the Economy and how can i prepare as in this Video i have five different things that I think you can keep as your principles For success even in a recession i call It rules for recession before we do that Let’s start with defining a recession Because i think sometimes it sounds Super scary like recession everything is About to crash and we’re all going to be Homeless but if you take a look at the Definition or kind of what a fulton bank Says a recession is or what it means for You the u.s bureau of economic analysis Defines a recession as a market slippage And economic activity which you can Think of As a downturn or contraction or the Opposite of an expansion whatever you Call it a recession can impact your Finances so basically if i had to Explain this to my two daughters Two-year-old and a five-year-old i would Say look usually the market is growing
Slowly or faster but it’s like as more People produce more income and sell more And people buy more the consumer Spending goes up that is not a recession Because the gdp is growing but when the Economy has a gdp decline for two Consecutive quarters which means for six Months the economy is shrinking less People spending less people and it’s Kind of like the self-fulfilling Prophecy because you’re like oh Recession is coming so i got to spend Less businesses make less so they got to Lay off people and now people are making Less so they can spend less The you get the picture it’s not really Positive but i think if you follow these Five principles these rules for Recession then you can succeed even in Hard times okay so let’s dive in i’m Doing these myself as well and the one Thing that i keep coming back to which Is the most important for me and i think For you as well is preserving your Energy So this means different things for Different people because we’re all in Different situations but the number one Thing is be careful who you’re surround Yourself with energy is a frequency and It’s gonna kill you if especially your Your goals and your dreams and your Business if you surround yourself with Negative energy because your vision is
Going to get blurry your energy your Output is going to get drained and your World view is is going to be skewed and It’s going to hurt your ambitions if you Surround yourself with people who look At the world as catastrophe drama bad News chaos they don’t see any Possibilities or opportunities because That’s all they can see a lot of people Like this the worst time to start a Business let me not do that and then you Have this other group of people who are Like yeah it’s maybe not the best time But i know i can as long as i take care Of myself i can succeed even in this Market so number two avoid watching the News again is it helping you feeding That or is it better if you just kind of Like watch videos like this one to get a Good understanding of where we’re Heading and then you go back to Preparing yourself you work on yourself And becoming a little bit better every Single day and third you are what you Believe if you think that it’s doom and Gloom then you’re not gonna be waking up And be excited about getting to work Whether it’s a job or a business you’re Not gonna wake up and be like okay let’s Crash it another day let me go for a run Get a cold shower and sit down and work On my business you’re not you’re gonna Be like man What’s the point i’ll just wait for five
Years and all this time is passing and You’re just like getting deeper into a Negative like down spiral number two Stack your cash reserves i think this Might be the second biggest case or Rules for recession so make more money Number one get a second job work longer Hours or start a side hustle so if you Have a job maybe you can start a side Hustle you can get a second one we can Work longer hours Or Number four you can look for growing Industries so start a completely new Business And see Even in a down market People don’t spend money on maybe things They want as much But they always spend money on things They need so what are some things that People are always gonna need like for Example the reason i sell funnels and i Build funnels i just sign my biggest Clients ever two clients the new client That i have is the biggest deal ever in My life and the previous one before that Was a 30k deal so long term big client Very exciting is because they need Funnels and a lot of them And their clients need funnels and their Customers need funnels to sell their Offers It’s a growing industry
What is it for you what’s this industry That you look at and say Man every business because businesses Have money and governments have programs And funding programs for businesses so Even in a dollar market people can start New businesses and what is it that they Need is it videos is it tick tock videos Is it editing turn those skills into Services sell that to them go all in on Your business don’t just like path Pregnant uh Also work a little too much From what other people would say you Know if people say man this person is Crazy this person is obsessed i don’t Know why he works so much all the time He’s working You got to be that person if you want to Succeed in a recession not just to make Enough so you survive but if you want to Thrive and put money into the market and Buy the bottom wait for the next bull Run like That’s where they say millionaires are Made not in a bull run but in a bear Market because you invest at the bottom Where everyone is selling to Buy more food or gas you know whatever It is like you have extra and i’ll share With you the number one thing that i do To stack my cash reserves so i can buy The bottom so keep watching put money Aside for 12 months to live on so i’ve
Heard people say three months six months I think you want to have 12 months For food and rent right so like basic Bills you don’t want to focus on like How am i going to make rent how am i Going to buy food for my kids like i Want to be able to provide the best for My family even in a bad market so that’s The number one thing like that’s the First thing is stack up those cash Reserves so you’re not focused on like When you go to the grocery store you Shouldn’t be looking at like can i Afford this steak can i afford this like This food for my kids and and if you’re In that position like don’t feel bad Like don’t feel like man that’s easy for You to say like i feel i’ve i i have Compassion for you right I feel empathy towards you but i want You to get above that i want you to fly Above The average situation in america in Europe in asia wherever you are right Because if you’re here you’re probably a High achieving highly ambitious person And so i want you to stack cash reserves So you have enough to live and then you Can focus your energy which was the Number one thing i said preserve your Energy Focus that on Accelerating uh improving and create Increasing moving the needle in your
Business and growing instead of having To constantly sell things off to kind of Survive and you You shrink instead of expanding and Growing as a person and as a business Last one that’s true freedom because yes I was thinking about this the other day If the gas prices and i’m not saying It’s a good thing obviously people who Do this you know it’s hurting a lot of People But if that’s the main problem you have In your life right now is gas prices Then I want to Push you and motivate you to to fly Above that and get above the average Person’s problem because money will Solve a lot of money problems and that’s One of the things that you can do with a Business and that’s why i say it’s true Freedom because yes it’s expensive but It’s not like my main problem is not Like food or gas prices number three Find your tribe this is a very important One find five people who push you and Support you my friends have friends who Are entrepreneurs and we we meet every Week both on zoom calls and i have local Friends as well where we meet we talk About business we see opportunities we Talk about world views and see kind of Like here’s what successful people are Doing we compare how to
Basically Avoid Self-harm in a market by having those Certain beliefs And how to actually think and how to Change your beliefs so that you see Opportunities you grab them and you Don’t look back and that’s how i plan to Succeed in this recession discuss Opportunities not gossip so when Everyone else is like hey they hear About this person instead talk about Events and then keep each others Accountable you know in a soft snowflake Economy and society instead of you know Being like yes men to each other or yes Women we’re like yeah that makes sense Like yeah i totally understand like you Shouldn’t push yourself you know Take a break for four years instead of Be like set your own individual goals And then keep each other accountable Number four work on your health think of Your body as a machine keep it healthy And serve it change the oil like a car If it’s a machine like make sure you Change things meaning make sure you Serve the bible says your body is a Temple i think that’s a beautiful way of Looking at it where it’s like you got to Take care of it in order for it to Perform at the top the better you feel The better you perform Anxiety often comes from bad health so
If you look at news the marketplace you Get anxiety it’s usually because of your Hormone imbalance it could be because of Not enough sleep it could be because of Too much sugar and yes that’s that’s bad For your brain because your brain is a Muscle and so you want to take care of That first before you solve business Problems identify as an athlete i used To play soccer and every day i would Wake up and i’m like what can i eat how Do i train i used to be in an academy we Trained two to four times per day Sometimes well two to three sometimes it Was four but that was the average like Two per day and and so if i do that Right now for business i’m like okay Sleep food nutrition supplements mental Energy Like bio cells my gut whatever it’s Called flora everything like you think About yourself as an athlete for your Business then that’s where you’re gonna Be able to thrive and perform at a high Level number five accelerate faster than Ever yes i i know that sounds Controversial because we’re talking About recession but Find the mentors doing what you love pay Them whatever you can to learn from them Directly get close to people just like We talked about the mastermind which Could be people who are kind of like Like the same level as you because you
Might not have access to people who are Super super successful so you you know Brainstorm ideas you keep each other Accountable and then you pay Mentors and coaches Or you buy information And don’t be one of those people who buy 10 different courses and do nothing buy One the best one do your research buy The best one pay the person who do who’s Doing what you want to do and get super Close to the message them get on their Calls talk to them ask questions all the Time I have coaching clients who say like Sorry for asking so many questions i’m Like no i love you i love that the fact That you asked me so many questions Because we’re moving forward and i can See the drive go all in yourself to make Things happen double down on income Producing activities not spending four Hours and updating your email footer if You’re watching this you know who i’m Talking to Um but double down on income producing Activities so if your funnel business It’s like producing content reaching out To people with the loom audits closing Clients billing funnels for those Clients uploading funnels to your Portfolio and your pre that system and You don’t deviate into fancy Distractions you stay focused on income
Producing activities stack money buy up Keep it 10 years miller summit that Basically already covered that the key Here is gamification List out what you need and make your Business a game here’s what i mean by That this the biggest mindset hack i’ve Done in my business so Whatever it is whether it’s Travel or Whether it’s something that we want to Buy if it’s something more expensive or If it’s well in these times you can even Say if it’s gas let’s say you pay A thousand dollars a month in just gas Then you ask yourself like how many Clients do i need to pay for that gas Okay one client Okay food how much do we spend in food 700 1200 okay so that’s another client Two clients per month and you just Gamify Your life by listing out what you need On a monthly basis for each thing get a Client who pays for it And your family or people they deserve The best so don’t cheap out instead get Another client Right turn your skills in demand skills Into a service and gamify your life Where you list up what you need and want And then you go this is the top priority Let me get a client who will pay for That
And it’s fun it trust me when you start Doing this It’s so much fun and i’ve i’ve been Doing this for years so conclusion get Better in-demand skills sell those Skills as services make more money Invest in long-term projects get healthy Enjoy life with great people gamify your Way to the top and have fun doing it yes I truly believe that even in a recession You know most of us we haven’t been in a Recession and that’s not even mentioning Potential depression where it’s not just Like semi-bad it’s really bad so we Can’t say like hey you know i don’t want To go into a recession because i don’t Want to go through that ever again if You haven’t been through one but You can look at gas prices and say Imagine if that’s like three times the Prices some broke dude just put 1.68 1.68 as tank man he’s so broke Yeah All right look at food prices and food Shortages and say what if that is like Five times that price Like if if steaks and meat will be a Scarce resource then would i still be Able to buy it i have five times these Prices and if you can’t you want To go through this checklist if this Makes sense Comment below what’s the one number one Takeaway from this video i would love to
Hear from you that’s it see you next Time
