Recession Proof

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 19 March 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Everyone knows times are tough, but WHAT do we do? In this episode I talk about how to plan for a recession (business, finances, and overall uncertainty). Learn exactly what we’re doing at Sumo Group — and how you can do the same for yourself and biz.

Full show notes at https://okdork.com/podcast/140

Transcript

Click on a timestamp to play from that location

0:00.0	What's up you sexy bastards? It's your boy recession, aka rap I can't lose, aka no kay.
0:08.0	Today's episode I'm gonna tell you about last night. I was on Amazon Prime. It's about 11 PM. I was trying to order toilet paper because in Austin and I guess globally now there is a rush on toilet paper and I love going to the bathroom and it became pandemonium when my Amazon Prime started crashing.
0:26.0	And it's been a wild few weeks, I'm sure it's been pretty nuts for you wherever you are in the world.
0:30.0	This is global, what's been going on and I want to talk about a little bit. Not a scientist.
0:34.8	I've been reading a good amount. I've been talking to a lot of people. I lost about 200,000 so far in the stock market.
0:40.3	And it's just been interesting times. Yeah, I remember about five years ago in Austin
0:45.5	Hurricane Katrina happened and there's a gas shortage and at first it's easy to be like
0:50.4	I'm like dude I don't, I don't drive that much.
0:53.4	It'll be fine, there's no big deal.
0:55.1	And then I went to go get gas at one of this gas stations and it was out.
0:58.1	And at the next gas station, it was out.
1:00.8	And then you start thinking and your mind kind of lets go of reality and of
1:05.4	rationality and I'm like they'll never be gas again. Then I went to the next gas station.
1:09.6	There's a guy literally filling up his gas. He was filling up a garbage tin, filling up a garbage tin like a big like I don't know
1:15.8	64 gallon tin of gas which I don't think is legal that I filled up my meata and then I even
1:21.9	filled up one I bought one of those portable ones and filled that up.
1:24.7	And two days later, the gas thing calmed down and gas is existing and we all went back to
1:30.0	usual.
1:31.0	But it was definitely an experience I was glad to experience and it's kind of like, like this whole thing, which I'm glad it's pretty
1:36.1	fricking wild to go through this and experience in life, right? Can't you imagine? Like, how crazy is this? It's like the Spanish flu, but hopefully we all live.
1:43.0	Spanish flu, I think a lot of people died.
1:45.0	I'm going to talk about three things in this episode. I just hope it helps.
	...

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