How To Use The 2023 Recession To GET RICH - Do This Now... | Graham Stephan
Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 26 January 2023
⏱️ 83 minutes
🧾️ Download transcript
Summary
Click here to download your FREE guide to 100x YOUR EFFICIENCY IN 10 EASY STEPS: https://bit.ly/3F8qOJL
On Today's Episode:
If you’ve noticed the price of eggs recently you may have realized the pain of the recession we’re currently experiencing. Making money during a recession is not only possible, it’s often said to be the time when millionaires are made.
Graham Stephan, host of Iced Coffee Hour, successful YouTuber with over 500 million views started his journey to financial success at 18 years old at the start of the 2008 financial crisis. Years later, over 30 and more than $120 million in real estate sales later, he’s one of the biggest millennial influencers sharing his wins, failures, and experiences for everyone to learn.
In this episode Graham talks about spotting opportunities, doubling down on where you put your efforts, his approach to investing, and how he beat the market with a monkey picking investment stocks.
Before you think he had a lucky break into real estate, Graham breaks down how much free work he did to learn real estate, make money, and gain mastery.
Struggling to see opportunities when everyday feels like doomsday is normal. On this channel we find ways to struggle well, build skills, and put those skills to work and build your success brick by brick.
QUOTES:
“I just look at the data and that makes me feel safer.”
“I would work with him for free. I would do anything he wanted for free, and I just wanted to learn and any business that I brought in we would split 50/50.”
“If I’m going to be able to get the information, the contacts from somebody that’s already doing it well, all day I’d work for free!” Tom Bilyeu
“Whatever I’m spending, 10% a year I could be getting forever.”
“If all you know is failure, why would you trust the process of thinking any different?”
“The way you feel about money is highly uncorrelated to how much money you have in the bank.” Ramit Sethi
“Saving money is important, but spending money is also important, [...] if you don’t learn how to spend on things that are meaningful to you, then you can accumulate a lot of money over time, but you won’t actually know how to use it.” Ramit Sethi
Follow Graham Stephan:
Website: https://www.grahamstephan.com/
Twitter: https://twitter.com/grahamstephan
Facebook: https://www.facebook.com/GPStephan/
Instagram: https://www.instagram.com/gpstephan/
YouTube: https://www.youtube.com/c/GrahamStephan?app=desktop
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Search for Travis Makes Friends, give him a follow, and check out a few episodes. And if you leave a review, mention that you heard about him from Impact Theory to be entered into a contest for some new Apple Airpods.
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Transcript
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| 0:00.0 | 92% of people that set a New Year's goal fail to achieve it, which is why I've created |
| 0:06.0 | a 90-day challenge designed specifically to ensure that you hit your goals. |
| 0:11.2 | You really can radically transform yourself. |
| 0:14.0 | Just click the link below to join me and the entire Impact Theory University community |
| 0:18.9 | to kick off 2023 right with the Impact 90 Challenge. |
| 0:23.9 | Alright guys, now back to the episode. |
| 0:27.7 | Every waking minute of your life is an opportunity to learn. |
| 0:30.7 | So I would love to share the Travis Makes Friends podcast with our Impact Theory listeners. |
| 0:36.6 | Formerly known as Build Your Network, host Travis Chappell realized that networking is |
| 0:40.7 | fundamentally the same as making new friends. |
| 0:43.5 | In rebranding his top-rated business podcast, Travis aims to give listeners like you a chance |
| 0:48.1 | to get to know world-class performers who can help you become a better version of yourself. |
| 0:52.9 | I was a guest on his show, whoop, whoop, back in 2019, episode 249, if you want to check |
| 0:58.4 | that out. |
| 0:59.4 | Other guests I know Impact Theory listeners will enjoy include NBA legend Shaquille O'Neal, |
| 1:04.4 | the world's most followed psychologist and former guest on Impact Theory, Dr. Nicole |
| 1:09.2 | LaPara, and Impact Theory alumni Ed Mylett, author of The Power of One More. |
| 1:15.9 | To listen to Travis Makes Friends, simply open the podcast app you're using now and search |
| 1:21.0 | for Travis Makes Friends. |
| 1:22.9 | Give them a follow and check out a few of the episodes, including the one that he and |
| 1:26.0 | I did together. |
| 1:27.3 | And if you leave a review and mention that you heard about the podcast on Impact Theory, |
... |
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