4.8 • 793 Ratings
🗓️ 28 January 2019
⏱️ 48 minutes
🧾️ Download transcript
How long can we go before the next recession?
Most entrepreneurs are holding on to their money or, worse yet, putting them into assets that will eat away at their wealth.
Sam Prentice is the capital warehouse expert I turn to deploy my own money in a way that will take advantage of the market upside without participating in the downsides.
In this interview we talk about best investing practices, what asset classes might be right for you, and how you can multiply your wealth in any market.
For more information about Sam Prentice visit
www.WealthWarehouse.com
Click on a timestamp to play from that location
0:00.0 | Cash flow has to be a priority. The reason people go bust, the reason people lose money, |
0:04.4 | is they don't have sufficient cash flow to lash through a variety of different situations |
0:08.8 | that might happen. So for example, if you go buy all your money in AT&T that doesn't have cash flow, |
0:13.2 | you know, you're just looking at just the equity growth down the road, so you go buy |
0:15.7 | ETFs or index funds or things like that without a cash flow component and then you need to have access to cash flow because cash flow is how the world goes around |
0:23.6 | You end up having a fire sell assets because you sell at a loss you go bust if you have cash flow you can weather those storms so even if you buy it at 29 and it goes to 24 |
0:31.6 | You don't have to ask it at 24 probably buy more because your horizon is long enough. It takes one free person to create change. |
0:39.3 | This is the show for them. |
0:42.3 | We are the creators of the free world. |
0:45.3 | This is capitalism.com and we are the 1%. |
0:51.3 | What's up everybody? Ryan here. |
0:53.3 | Today I'm going to be joined by one of my advisors, Sam Prentice. |
0:58.1 | And I brought him onto the show because there's so much weird, wacky stuff going on in the economy right now. |
1:04.6 | I've made my very bold predictions of what's going to happen to the stock market and I'm very public about what the heck I'm investing in. |
1:12.4 | But with all the crazy stuff going on, the market's up, the market's down, there's a new |
1:17.2 | tax law, there's government shutting down, Sears is going on, like there's just so much going |
1:23.9 | on that I wanted to have a little bit more of a sophisticated conversation about |
1:28.5 | how this might affect you and me and what the heck to do about it. |
1:33.7 | So Sam is one of my advisors. |
1:36.8 | He's somebody that I'm a client of Sam, so we exchange money for advice. |
1:41.7 | I guess, well, not really for advice, but for the application of |
1:45.7 | some of the stuff that we both study on this topic. And we go deep into the weeds on this, |
... |
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