Recession Fire Drill: $250 Trillion World Debt Edition

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 21 January 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

A majority of economists polled by the Wall Street Journal think that a recession is in our future in 2020, 59% to be exact. Another 22% say 2021 making over 80% of economists think we’re between 1 and 2 years away from a recession. Ray Dalio, our hero and spirit animal, said in February 2018 that we were about two years away from a recession. So, according to him, we have one year left. It’s time to seriously prepare. We were about 2 years from a recession, 1 year ago. 2019 is either the year you must get your shit together. There is no try. You saw what happened to the unprepared in 2008. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride, just head
0:36.2	over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite
0:42.3	podcast app.
0:43.3	We're Seeking Profit!
0:45.3	Hey everybody, welcome to Listen Money Matters.
0:53.4	Only when the tide goes out do you discover who's been swimming naked.
0:56.9	My name is Matt and I'm here as always with Andrew.
1:00.0	How are you and what are you drinking?
1:01.9	I'm awesome.
1:02.9	I'm very hoppy.
1:03.9	I'm drinking a single cut from beer smiths and it is literally just a picture of a hop
1:11.7	with wings on it.
1:13.5	And you crack the beer and it immediately wafes.
1:17.4	Yeah.
1:18.4	Oh yeah.
	...

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