Real Estate Money School
How to Start Preparing for the Storm
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:34:12
- More information
Informações:
Synopsis
More than 10 years after the financial crisis, the US market cycle is at the top. The problem is, what goes up must come down. How can you start preparing for the storm? What can you do to protect yourself from losing money, and actually gain money instead? On this episode, I explain how using your 401k for investments is almost entirely risk-free. Three Takeaways Apply Warren Buffett’s 3 rules to your life: buy low, sell high, and don’t lose money. Use employer retirement funds for your investments. You’ll not only not be spending your own money, but when you pay interest on taking a loan from the fund, you’re paying it to yourself. Sell your assets and market investments, and get into cash. When the market cycle ultimately shifts from good to bad, it’s easy for people to start thinking negatively. This stops us from investing, and we become more concerned with staying afloat than with thriving. The popular assumptions about making money don’t help in this regard, either. Stop believing you have to tak