The SMP is hitting all-time highs. The housing market is overinflated and interest rates are

through the roof and inflation is ramping up. We're in the new economy and the bubble is going to

burst eventually. I'm going to share with you how to get rich in this new economy with principles

as old as a market itself. And I'm going to go over everything from how to protect yourself

against the downturn to getting ready for the upswing and capture as much money as possible. So without further explaining it, these are the old

principles of the new economy. Welcome to the Martel method. I went from rehab at 17 to building

a $100 million empire and being a Wall Street Journal bestselling author.

In this podcast, I'll show you exactly how to build a life and business you don't grow to hate.

And make sure you don't miss anything by subscribing to my newsletter at martel method.com.

The first principle is to build an emergency plan. When the 2020 event hit, I had to build a plan for my personal and my business life within two days. I learned a long time ago that the best way

to focus on creating a predictable future is to build a disaster recovery plan to prepare up front on

if this happens, then I do that. Unemotional before the world pushes on you and causes you to

overreact. You want to just sit there in the calm and just decide, here's what I will do if this

happens. And I think most people miss this and it's why they lose when the economy

goes into a downturn. What I've learned over the years is that great leadership isn't about how you

show up when things are good. It's how you show up when things are bad. People want to lean on somebody

that is calm, collected, cool, even in the face of a storm, when things go bad or worse, what are you going

to do? Are you going to overreact? Are you going to sell everything? Are you going to run away and hide in the woods? Are you going to stop and say, hey, what's really going on here? Where's the wind blowing right now? Because I learned a long time ago from one of my mentors, this guy named Jim Rohn, who I studied in my car university style.

It's not the direction of the storm. It's how you set your sale. In the storm, everything's

going on around you. It's chaotic. I want to set my sale to take advantage of that wind so I can

create forward movement. I had friends in the downturn take their whole business and pivoted

into a medical company. I had people that took all the take their whole business and pivoted into a medical company.

...