In my previous blog post, I just gave you my 9 predictions for 2016 and how you can prepare for the upcoming economic downturns, the biggest economic downturn in history. It’s going to be almost like the great depression. It’s going to be a time when choice assets are going to be on sale and I want to show you 5 ways that you can get ready to profit off of this kind of event. This is going to be a once in a lifetime opportunity. Mark my words you’re probably not going to see a buying opportunity like this ever again in your life in the next 12 months, the next 18 months.
It’s January 2016 this is the time to get ready, this is the time to go out there and make a fortune because you are going to get absolutely wealthy if you’re able to capitalize on this economic event. You’re probably never going to see another one in your lifetime or if you do, you’re going to be about 100 years old by the time it comes around. Maybe 80, 90 years until it comes again.
Number 1, we’re going to see a lot of things happen in the economy, Canadian economy, US economy, world economy. The number 1 thing you need to do today is get educated. You need to get educated on real estate. You need to get educated on stocks. You need to get educated on commodities. You need to have as much knowledge as possible to be able to navigate the financial storm that’s coming. We are going to have an absolute fire sale on choice assets all across North America and across the world because we are going to have major economic problems. If you miss those problems, you can check on my other video 9 predictions for 2016.
I don’t like to be doom and gloom guys. I don’t like to scare you. I don’t want you to be worried about this. I want you to look at it from a doom and boom and get excited about the things that are coming. Number 1, you need to get educated. If you don’t know how to run a business, raise capital, if you don’t know how to buy and sell real estate, buy and sell stocks, commodities, this is the time to do it.
Number 2, you need to learn how to raise capital. This is the time where the people with the money are going to get richer than ever. Now there are people out there with money that are going to be sitting on the sidelines wanting to play. The only way that they’re going to get in is if you can raise their money and bring it into play. This is the time guys when you need to go out there and build the big real estate portfolio. This is the time to build that company.
The biggest most successful companies in history were built during recession. This is a time where you need to raise capital and learn how to raise capital if you want to take advantage of the financial wave that’s coming. If this is the market we’re going to see this. We’re going to see a huge trough this year well coming this year and this is the time to buy everything. To buy, you need to capital and you don’t want to use your money. You want to use OPM, other people’s money and you must learn how to raise capital which is something that I got very good at in my life from a very young age.
Number 3, you need to buy choice assets. Once you raise your money, once you’re educated, you need to buy choice assets. The best assets in the economy are going to be up for sale for
a fire sale. If you’re in a real estate economy, if you’re in a real estate market, you’re going to see some of the best properties go on sale. You’re going to see some of the best stocks go on sale. I remember in 2008 I wasn’t yet an active investor but I’ve never seen Apple stock go up for $70 a share. I remember looking at it. A couple of years later it was trading from 600 a share and that was merely in a very, very short amount of time.
In the panic of 2008, those shares were on sale. Now I was too young and too uneducated and I had no capital. I didn’t know how to raise capital to take advantage of a sale like that. Mark my words guys in the next 12 to 18 months especially on the American election we’re going to see some real big sales go on.
Number 4, start a recession proved business. Money is always going to be flowing the question is, is it flowing towards you or away from you? In a recession guys there are many business that survive and thrive. Bailiff businesses, foreclosure businesses, the 3Cs candy, contraceptives, cigarettes. You’ve got alcohol, vices, bars, junk removal, demolition, there’s lot of businesses. You can google recession for businesses and get a list of businesses that thrive during recessions. Those businesses are going to have great, great cash flow when things get rough in the economy and if you want to have cash flow which is king, you’re going to need to start a recession proved business.
Number 5 is collect cash flow. This is going to be the main thing that’s going to keep people alive throughout the recession. We’re going to have some problems. We’re going to have lots of people go under. You’re going to see lots of companies go out of business. We’ve already seen many companies go out of business. I was talking to a gentleman in Canada today whose retail business is closing down. We’ve had half a dozen retailers go bankrupt in Canada in the last couple of months. We had Target go down. We had Sony go down. We had [inaudible 00:05:32] go down. We’ve had many, many retailers disappear.
When the retailers disappear because the consumers don’t have as much money so it’s something to watch. It’s the Carrie in the mineshaft. People get into real estate they get into business to collect cash flow and they get out because they can’t collect cash flow. It’s going to be the time where you’re going to have to be more cash flow minded than asset minded because for you to grab these assets and hold it throughout the downturn, this is going to be the key between you surviving and not being able to make it.
Guys, the biggest sale is coming in history. You’re probably going to have to wait 80 years to see this again. I’m 30 years old I probably won’t live to be 110 in my life I’ll probably never see an opportunity like this again. If you’re reading this today, you probably never going to see this in your lifetime ever again so now is the time to get filthy stinking rich and do these 5 things in 2016 because everything is going on sale. I’m Stefan Aarnio,as always, Respect The Grind. Please like share and comment below.