4.8 • 793 Ratings
🗓️ 11 January 2023
⏱️ 39 minutes
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The first step to becoming a millionaire is building a business and the second part is investing the profits - which is what this podcast will focus on as Ryan shares his strategy over the coming years.
We are entering into a new period in the economy in which many entrepreneurs have never had success before, but with the right playbook a potential upcoming recession may actually be the best time to grow your net worth.
This year The Capitalism Conference is coming again in April of 2023.
To learn more visit:
www.Capitalism.com/CapCon6
If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch Ryan's FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode
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0:00.0 | Hi, everyone. Welcome back to the show. I'm Ryan Daniel Moran. And if you're new here, |
0:08.1 | I'm the founder of capitalism.com where we help entrepreneurs become millionaires by building |
0:13.1 | million dollar businesses and investing the profits. We have hundreds of success stories of |
0:18.2 | people becoming millionaires by following our very basic strategy. |
0:23.0 | And today, we're going to talk about the second part of becoming a millionaire. |
0:27.9 | It's the investing the profits. |
0:29.9 | First step to being a millionaire, build a business. |
0:32.2 | The second part, invest the profits. |
0:34.1 | We're going to talk about that second piece today. |
0:36.1 | Because we're entering into a new today because we're entering into a new |
0:37.8 | era. We're entering into a new period in the economy that a lot of entrepreneurs haven't seen |
0:42.3 | before. We haven't seen deep recessions in the last 10 years. A lot of entrepreneurs have |
0:48.1 | expected it, thought it was coming, but it never came. And now it appears to be that we're |
0:53.7 | going into one. And in my opinion, |
0:55.9 | it looks like we're going to be in one or at least a period of slow growth for several years. |
1:01.7 | Now, that doesn't necessarily mean that it's a bad thing or that it's bad news. In fact, I think |
1:07.4 | if you play this time well, if you are thoughtful in your strategy going into |
1:12.3 | this recession, you're going to come out the other side richer than maybe any other period in |
1:18.4 | history. And the reason for that is because as we're going into what I think is going to be |
1:23.1 | a multi-year asset price recession, it's going to be a great time to acquire assets. |
1:30.1 | That's real estate, that stocks, Bitcoin, if you want to play that game. |
1:34.3 | It's even making strategic investments into your business when things are going to be |
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