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Millionaire Mindcast

15 Days Into The Recession (What You Need To Know) | FFT

Millionaire Mindcast

Matt Aitchison

Investing, Business

4.8721 Ratings

🗓️ 15 July 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

In this episode of Millionaire Mindcast, Matty A. talks about what's happening 15 days into the recession. Tune in. Take notes, Enjoy today's Food For Thought Friday episode!. 

Connect with Matty A. and Text me to 844.447.1555 

Show Brought To You By: TheRichLifeAcademy.com

Episode Sponsored By: TheRichLifeStore.com

Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

Transcript

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0:00.0

Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire

0:10.3

minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life.

0:17.1

It's time to unleash your millionaire within.

0:19.8

Now, here's your host, Maddie A.

0:23.8

What's going on, guys? Welcome into today's show. As always, your host, Maddie A.

0:28.9

Grateful to be back with my Millionaire Mindcast, fam. We are in for some interesting times.

0:35.3

Day 15 of the recession. What is it that you actually need to know?

0:39.6

You know, the beauty of data is it doesn't take into emotion, you know, it doesn't take into

0:45.4

headlines, it doesn't take into what your mom or your dad or your friend or CNN or Fox told

0:51.8

you is going on.

0:56.7

Data is truth.

1:00.5

Now, well, it depends on where you're getting your data from.

1:04.7

But for the most part, right, data is the closest thing to a crystal ball of telling you,

1:06.4

in hindsight, what has happened. And also looking at historical trends and cycles and where we're at, you know, helping us better

1:14.0

predict and give insights into the future. And so today, we are going to dig into some of the

1:21.0

updated inflation numbers that came out this week, the recession conversations that are

1:26.0

happening amongst smart money and high level economists as a

1:30.0

result of it. We're going to talk about when these opportunities that people are talking about

1:35.5

are going to shake loose. And really, what should you be doing in the meantime to play defense,

1:42.1

to protect on the downside, you know, to, you know, build a moat around

1:46.7

what you do have, the wealth, the income, the freedom that you've got right now, but also

1:51.7

looking at strategy and positioning around offense. You know, you have to think about both

...

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