The Economy Is Crashing... Here’s What You Should Do

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 17 May 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The reality is that we are already in an economic downtown.

So in this solocast I share my own story of going to college for economics, what I’ve learned from the ups and downs in the economy over my career, and what this cycle means for you and your business.

There will be amazing opportunities for entrepreneurs over the next year or two if we play it smart and keep a cool head through it all.

To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:

http://www.Capitalism.com/Million

Transcript

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0:00.0	Hi everybody, welcome to capitalism.com. I'm Ryan Daniel Moran.
0:07.2	And today I want to share with you something that is on my heart and my mind because a lot of
0:12.6	my peers are feeling really afraid right now. I work with a ton of entrepreneurs all over the
0:17.8	world and universally everyone is feeling chaotic right now.
0:22.3	There's all kinds of things in the news right now, like inflation and the debt ceiling and
0:27.4	a pending election that nobody knows what is going to happen. And there's a lot of fear and
0:32.5	uncertainty about what's going to happen in our country, in the world, and with the economy.
0:37.4	And I want to speak to those of you
0:39.0	who are feeling really afraid right now, because I have dealt with this too. I have dealt with the
0:44.5	same amount of concerns and fears as you. I've gone deep down rabbit holes about what could
0:50.2	happen in the economy and conspiracy theories that might explain it all. I've gone deep down
0:55.3	those rabbit holes multiple times in my life and I want to share some things that I've discovered
1:00.2	with you. You see, I went to college originally to be a pastor, but then I ended up studying
1:05.6	economics. And I was also starting my first business at the same time. It was 2006 when I started my first
1:11.3	business and that was my first year of college as well. And that was a really good time in the
1:17.6	economy. Things were booming and interest rates were healthy and there was a real estate boom and
1:23.4	everything you touch turned to gold and the internet was still new. Internet marketing was this new industry and it was easy to throw up websites and sell
1:32.7	whatever you wanted and everything was great and everything was booming.
1:37.8	And then 2007, things continued to expand and then 2008 happened and everything came crashing
1:43.8	down. Now this affected a lot of
1:46.8	entrepreneurs, myself included. This affected a lot of stock portfolios, myself included. And I was also
1:54.2	an economics student at the time. So I was studying the whole thing live as it was happening.
	...

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