Recession Alert: Secrets to Preparing & Getting Rich in a Crash! | Dean Graziosi (Replay)
Tom Bilyeu's Impact Theory
Impact Theory
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🗓️ 19 August 2024
⏱️ 67 minutes
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| 0:00.0 | Welcome to the Impact Theory podcast. Today's episode is a little extra special as I sit down with a man that has greatly influenced my life, Dean Graciosi. As you may or may not know, economic winter is here. And my goal is to get you the information you need to ease your anxiety around the recession and learn the skills and mindset you need to thrive in this time. |
| 0:22.4 | Dean is taking you deep into his real life situation so you can take the nuggets you need |
| 0:27.2 | to navigate these uncertain times. This is Impact Theory with Dean Graciosi. |
| 0:35.1 | All right, Dean, you and I have about 60 minutes to deal with the fact that we're either headed |
| 0:41.0 | into an economic winter or we are already there. |
| 0:43.8 | I have a massive amount of paranoia around that and what that's going to be. |
| 0:47.5 | I think 1% of people are going to thrive, but 99% of people are going to get just battered. |
| 0:52.8 | They're really going to struggle. |
| 0:54.7 | And there is a quote I hear you say a lot from Tony Robbins, which is, in the winter, |
| 1:00.2 | some people freeze and other people ski and snowboard. |
| 1:03.5 | Yeah. |
| 1:03.9 | So my question is, what is the mindset that allows somebody to snowboard instead of freeze? |
| 1:10.7 | I think to start, it's preparation and |
| 1:13.4 | anticipation rather than reaction, right? Wayne Gretzky, I love that quote. It's been overplayed, |
| 1:19.0 | but it said, how is he so good at playing hockey? He said, most people skate to where the puck is. |
| 1:23.7 | I learned to skate to where the puck was going. And I think if we anticipate and know, you know, so many people we both know, been in business for 15 years or less, they really don't understand it. So they're more scared of the unknown. And if you're a study of history, you can understand it's a cycle, it's happening, and winter is here. I think winter is here. We just all haven't felt the effects yet. And when you go through a time like that, the reason Tony and I are working together and doing events and helping people is because there's some industries, like you said, that are going to, they're going to be at the springtime. They're going to exponentially grow. And if you saw Warren Buffett in his yearly presentation, I don't know if you saw it probably four weeks ago. |
| 2:01.8 | He said inflation is here and a recession is inevitable. |
| 2:06.2 | And there's a couple of things you can do to thrive during a recession during inflation. |
| 2:12.4 | And he said one of them, the most important thing is be a part of an industry or start a business that has high margins. |
| 2:19.3 | So the reason Tony and I are sharing so much and I'm so passionate about this because I've |
| 2:22.4 | been in this industry for 25 years is how cool would it be to have a business that you don't |
| 2:27.3 | need to inventory, you don't need to ship it, you don't have to worry about supply chain. |
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