Money Habits To Prepare Against Inflation, Market Crashes & A Recession EP 1283

The School of Greatness

Lewis Howes

Entrepreneurship, Fitness, Inspiration, Greatness, Health, Money, Celebrity Interview, Self Care, Celebrity, Success, Mental Health, Relationships, Mindset, Health & Fitness, Education, Alternative Health, Business, Self-improvement

4.8 • 21.6K Ratings

🗓️ 22 June 2022

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. Although he didn't receive any formal financial education - he is on a mission to make financial education fun and accessible. He's back on the show to share his thoughts about the current economic situation and help educate people on their best course of action moving forward. In this episode, you will learn:How to prepare yourself to create future wealth.How to manage your emotions when investing money.The three best habits to practice to pursue financial success.How to create wealth from within.How to use your money as a tool. For more, visit: lewishowes.com/1283 Jaspreet's previous EP -- The Biggest Lies You've Been Told About Money, Debt & Building Wealth - EP 1257 How To Prepare For Financial Freedom In A Changing Economy - EP 1254 Overcome Your Beliefs Around Money w/ Grant Cardone - EP 1229 Make These Smart Money Moves w/ Gino Wickman - EP 1225

Transcript

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0:00.0	The majority of people are very scared of slowdowns in the economy, slowdowns in the markets.
0:04.5	However, for the minority of people, recessions, crashes, are opportunity to go to.
0:13.1	Welcome to the School of Greatness. My name is Lewis Howe's former pro athlete
0:18.5	turned lifestyle entrepreneur. In each week we bring you an inspiring person or message
0:24.0	to help you discover how to unlock your inner greatness.
0:28.3	Thanks for spending some time with me today. Now let the class begin.
0:38.5	How can people overcome the fear and anxiety of everything crashing right now
0:46.6	and start to set themselves up for peace and protection moving forward?
0:51.9	There's the R word recession which when people hear that it gives them anxiety, fear, panic,
1:02.7	makes people scared because they take away offs, companies going down.
1:06.9	A couple of things that I want to mention regarding that is the majority of people are very scared
1:11.6	of slowdowns in the economy, slowdowns in the markets. However, for the minority of people,
1:16.4	recessions, crashes, are opportunity to build wealth. They can be almost like a Black Friday for investors.
1:25.4	So the first point that I want to make regarding that is some people will use slowdowns as an
1:34.2	opportunity to build immense amounts of wealth. More millionaires are made during recessions
1:40.2	than any other time. How do they do it? So that's the thing you want to find the opportunity.
1:45.2	And the way that you find the opportunity is first to understand how you get there because
1:50.0	history doesn't repeat itself but it does rhyme. And so what happens is people say,
1:55.0	oh, this happened in 2020 so it must happen again or this happened in 2008. So this is probably
1:59.7	going to happen or this happened in 2001. That's not how it works. You have to understand what
2:05.4	happened and how you're getting to where you are right now. That way you can look for the new
2:08.9	opportunity because the opportunity is going to be similar but different and you want to be ready
	...

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