The Differences Between Building Wealth In The 2008 Crash and The COVID 19 Pandemic | WBW
Millionaire Mindcast
Matt Aitchison
4.8 • 721 Ratings
🗓️ 10 June 2020
⏱️ 32 minutes
🧾️ Download transcript
Summary
In this episode of Millionaire Mindcast, the dynamic duo is back!. This time they break down the comparables between the 2008 Market Crash and the Covid-19 Pandemic. What do these events have in common? What will be different? and most importantly, what are the downsides and upside to them. Tune in! Enjoy!
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Transcript
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| 0:00.0 | Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire |
| 0:10.3 | minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life. |
| 0:17.0 | It's time to unleash your millionaire within. |
| 0:19.8 | Now, here's your host, Maddie A. |
| 0:22.6 | What's going on guys? Welcome into another Wealth Building Wednesday. |
| 0:28.6 | Damn, it's been a wild week. |
| 0:31.6 | It's been a great week. I had a, man, my clients were freaking, I got so many emails on sunday and saturday like about just the |
| 0:39.5 | count balance is skyrocketing uh i think we did about seven and a half percent on average for |
| 0:45.6 | people that had been invested for a long time and then people that had kind of just gotten in right |
| 0:49.8 | around four or five percent um but yeah it was a wild wild wild week um every uh everybody that's anybody |
| 0:59.2 | is talking about the stock market in either a positive or negative note so and which side do you |
| 1:04.2 | think you know what side i'm on i'm the permable permable permable perma bowl well it's interesting |
| 1:10.3 | because you and i were having a conversation last night. |
| 1:12.8 | And first off, welcoming guys, if you're new to the show, be sure to hit us up. |
| 1:16.3 | 844-4-4-4-7-1555. |
| 1:20.5 | It's been amazing connecting with so many of you guys over the last week. |
| 1:25.7 | And obviously with a lot of the topics and you know focus being |
| 1:30.7 | on the protests and the Black Lives Matter movement you know a lot of people have been talking |
| 1:38.5 | about how that impacts the market and investors and potential Republicans losing you you know, some footing and shifting more |
| 1:45.8 | of the power over to the Democrats and obviously how that could tie back into the market. |
| 1:50.0 | You're seeing headlines. |
| 1:51.5 | The Dow will fall back to COVID-level crash. |
... |
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