What I'm Doing in Preparation for the 2020 Recession | 746
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 16 August 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
In today's episode, Matt talks about what he is doing in preparation for the 2020 recession. Furthermore, he shares the actions that he took in the last 2 economic adjustments and explains why you should pay attention to whom you are listening to.
Transcript
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| 0:00.0 | This is Tereo Media. Success in real estate has nothing to do with shiny objects. |
| 0:15.0 | It has everything to do with mastering the basics. |
| 0:18.0 | The three pillars of real estate investing. |
| 0:20.0 | Attract, convert, exit. |
| 0:25.0 | Matt Terrio has been helping real estate investors do just that for more than a decade now. |
| 0:30.0 | If you want to make money in real estate, keep listening. |
| 0:32.0 | If you want it faster money in real estate, keep listening. If you want it faster, |
| 0:34.3 | visit re I ACE.com. Here's Matt. |
| 0:38.4 | Lots of fun exciting stuff to talk about and what I wanted to talk to you about today is specifically what I am doing in preparation for the 2020 recession. |
| 0:48.0 | And if you've been listening to the news at all, seems big things are coming, right? |
| 0:54.4 | It's all the headlines are all the economic indicators or some significant economic indicators |
| 0:59.7 | are pointed towards a recession in the year 2020. |
| 1:04.0 | And the Federal Reserve just cut rates last week. |
| 1:08.0 | The banks are laying off people in considerable quantities. |
| 1:12.0 | Midsized companies are starting to see their credit ratings drop with their lenders. |
| 1:17.0 | And the job growth has seemingly hit a wall. |
| 1:21.0 | Lots of stuff in the news and there's even more to come. |
| 1:25.0 | And you know, we've been hearing about this a lot over the last several years. |
| 1:29.4 | There's a lot of very |
| 1:35.0 | to just a lot of very smart people making their predictions you know if you were on YouTube that was the year was all coming to a head and then everyone |
| 1:38.7 | digested well maybe not 2013 it's actually maybe 2014. |
| 1:43.5 | And then 2014 passed. |
... |
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