Our Current Economy & How We Can Succeed
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 18 May 2021
⏱️ 41 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income podcast, this is your host AJ Osborne!
As you’re probably aware, there’s A LOT of wacky things going on out there currently with the US Dollar, stimulus packages, and interest rates (and a ton of other crap I’m not even going to get into).
One huge aspect of today that we have to take into account is this - we’re in totally uncharted economic waters. There’s never been a time in history that we threw capitalism to the side and solely relied on the government to support everything. We’re living this right now. What happens when the stimulus stops? What happens when interest rates rise? What about inflation? We have some ideas as to the answers to these questions, but none of us have a crystal ball.
These are topics I wanted to be sure to discuss today on the podcast because I know so many of us are thinking about and asking the same questions.
We’re going to talk micro and macro economics and which you need to be focused on. We’re talking debt, capital, interest rates, consumer demand, and more.
The best thing we can ever do is to be educated enough to play the game and play the game well. To be able to protect our assets and continue to grow our wealth.
Thanks for listening everybody,
AJ
The Self Storage Income Exclusive Fall Event in Coeur d’Alene Idaho (GET YOUR SEATS RESERVED ASAP!) - https://selfstorageincome.com/events/
Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility.
You can also find the Self Storage Income Podcast on:
The Self Storage Income Podcast is Sponsored by:
Janus International - https://www.janusintl.com/
Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page
Live Oak Bank - liveoakbank.com/incomepodcast
Transcript
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| 0:00.0 | Welcome everybody to the AJ Osborne show, where we focus on our core tenets, impact, freedom, and progress. |
| 0:08.7 | Join me and others as we grow through education and discussion. |
| 0:25.8 | Welcome everybody to the self-storage income podcast. |
| 0:31.3 | That's right, where we get to discuss all things self-storage. |
| 0:35.6 | And it's like kind of our favorite topic. |
| 0:37.1 | So that works out well. |
| 0:39.1 | I mean, it is, it is pretty cool, |
| 0:43.2 | you know, all these things that we get to do and amazing people we get to connect with. |
| 0:48.4 | It was really cool yesterday. We had an individual that we've talked to a couple times just through social media, him and his wife have been trying to secure a deal for a long time. |
| 0:53.8 | They've just hammering away at it. |
| 0:55.3 | And they finally, they've got something lined up. |
| 0:57.8 | It's not for sure, for sure yet, but they're getting closer. |
| 1:01.2 | So it's really exciting to see all this exciting stuff going on. |
| 1:06.1 | Yeah, that is exciting. |
| 1:08.3 | We, uh, I reposted that to on, uh, Instagram. I think you did too. Uh, so excited about |
| 1:17.3 | it's, it's so cool watching people get into this game. And that's, you know, really that's the |
| 1:24.1 | point of this podcast. We hope that people can get into the game and we hope |
| 1:28.3 | that people that are in the game can level up, that you're hearing about the industry, |
| 1:33.5 | you're seeing what we're seeing on a day-to-day basis, and you're getting to understand |
| 1:39.9 | more of the thoughts and insights of what's happening in the industry and how the industry is |
| 1:47.3 | reacting and what the future may hold. I think a lot of times, particularly when you're |
| 1:54.0 | starting out, so many of those questions hold you back because there's just so much you don't |
... |
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