How To Become A Millionaire During The Next Recession
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 22 June 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
The country is currently in a recession, but I'll explain why now is the best time for you to become an entrepreneur and make millions of dollars.
By the end of this podcast, you'll understand how to use the current economic climate, to change your financial future for the better!
If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch my FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's true, the economy is likely currently in a recession. |
| 0:07.0 | GDP fell by 1.5% last quarter, which was more than what was expected. |
| 0:13.0 | And as economic data continues to come out, it looks like we may be in for a world of hurt. |
| 0:19.0 | In fact, CEO of J.P. Morgan Chase, Jamie Diamond, said that |
| 0:23.1 | he is adjusting his economic predictions from being storm clouds to being a hurricane. That's |
| 0:29.5 | worse than storm clouds in case you weren't tracking weather data. So there is pretty much a |
| 0:34.9 | universal consensus around anyone with an opinion that we are headed |
| 0:38.7 | towards hard economic times. In this video, I want to share with you why I believe this is |
| 0:45.5 | the best time for you to become a millionaire. My name is Ryan Daniel Moran and I'm the founder |
| 0:51.0 | of capitalism.com. We help entrepreneurs build seven-figure businesses. |
| 0:55.5 | And it's easy to talk about building million-dollar businesses when everything is good. |
| 1:01.7 | It's easy to talk about building passive income and investing when markets are going up. |
| 1:07.3 | Not a lot of people are talking about the very factual reality that millionaires are made |
| 1:13.8 | during down times, not during boom times. There's a few very specific reasons why that once |
| 1:19.9 | you see them was going to give you permission to actually go all in on this era, to go all in on |
| 1:26.1 | this chapter. |
| 1:28.0 | Because the total conversation in the news and in the media about this upcoming time is |
| 1:34.0 | how hard it's going to be, about interest rates, about inflation, but the real story for |
| 1:39.8 | entrepreneurs is missing. |
| 1:41.7 | So at the end of this video, you're going to know how to use this recession |
| 1:44.7 | to change your financial future for the better. I want to start this video by talking about |
| 1:50.0 | some typical advice that is often shared about how to become successful during recessions. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Capitalism.com, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Capitalism.com and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.