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Action Academy | Replace The Job You Hate With A Life You Love

The Recession Is Here: Are You Going To SURVIVE Or THRIVE?

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5683 Ratings

🗓️ 27 March 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses? 👔🏝️ Schedule A Free 15 Minute Coaching Call With Our Team Here To Get "Unstuck" Want to know which investment strategy is best for you? Take our Free Asset-Selection Quiz Check Out Our Bestselling Book : From Passive To Passionate: How To Quit Your Job - Grow Your Wealth - And Turn Your Passions Into Profits Want A Free $100k+ Side Hustle Guide? Follow Me As I Travel & Buil...

Transcript

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0:00.0

What's up, guys? It is your host, as always, Brian Lubin. And today I am hopping right up on my

0:06.9

soapbox and I'm going to preach the gospel for you on this Monday morning. I don't know if you

0:11.8

guys have realized this by now, but the recession that we keep talking about that's right around

0:16.1

the corner, it's here. It is right here. It is staring us in the face. We are right smack dab in the middle of it.

0:22.7

If we are a plane flying in the sky, we are going through the storm cloud right now. Everything is kind of on fire.

0:30.1

And right now we're the meme of the dog that's sitting holding the coffee mug. Like, everything is fine.

0:34.1

This is fine. While everything in the room burns. That is us right now. So I'm done with

0:39.6

the sunshine, rainbows, butterflies, no, let's get to the real details and gravity of our situation right now.

0:45.0

We are getting punched, left and right, up and down, getting freaking haymakers thrown at us

0:50.2

by the U.S. economy. Right now, the Fed last Wednesday, just raised the interest rate up another 25

0:56.1

basis points. So that took us from 0% in 2022, now to 4.75%. So they're digging their heels even

1:04.6

harder in their stance on trying to fight inflation, which right now I understand because

1:09.2

inflation is kicking the ass to the middle class.

1:12.3

All right? So essentially, we have a perfect storm. On one side of the coin, you have inflation,

1:17.2

which is absolutely decimating the bottom 50% of the population. The grocery is more expensive.

1:22.0

Gas is more expensive. People that are looking to buy their first home, their first property,

1:26.2

that's too expensive with these interest rates. Now they can't afford to move into a home. And on the flip side of the

1:31.0

equation, you have the Fed screwing the banks to where now the banks are starting to crack and starting

1:36.0

to splinter because of how they're adjusting these interest rates. And that's what happened with Silicon

1:39.7

Valley Bank. We've had hundreds of thousands of layoffs all across the country, especially in the tech space because they realized that 30% of their freaking workforce was useless. Like the positions did not

1:49.5

matter. The nine to five jobs, the salaries, the benefits, everything, the insurance premiums,

1:54.7

they did not matter. They weren't needed. They could be automated. So they just got to let go

...

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