Why 90% of People Lose Money in a Recession

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 25 September 2022

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

In general, there are three types of businesses in a recession: those that are doing well, those that are stable, and those that are struggling. When making investments during a recession, I tend to place more emphasis on stability and industries or companies that have shown a historic ability to withstand those times. Look for investment opportunities that offer consistency in good and bad economic times, rather than looking to create massive returns. Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Anyone think in the next 10 years, the real estate market is only going to go up for another 10 years.
0:06.2	This is the labor.
0:08.4	It doesn't take a genius to go study the last 100 years in America.
0:12.8	You can go back to the Constitution and see that all the laws that are written in America
0:17.2	were to protect the landowner. So there has to be certain nuances that I could take advantage of
0:23.0	because all the laws that we have face to be a landowner.
0:26.7	Well, why is it that 90% of people in real estate lose money in the down market?
0:32.7	Because it's obvious how to make money in the down market.
0:38.1	Because they're not consistent.
0:41.2	Right? They're not more interested than interesting. They haven't taken the time
0:44.8	to study the most relevant thing in human nature.
0:48.9	Does anyone really believe the housing market is going to continue to go up?
0:53.3	Right? We all at this table. Does anyone think in the next 10 years
0:58.0	it's only going to go up for another 10 years?
1:02.4	Yeah. Only go up.
1:06.5	Who here thinks that you're going to have at least a dip or go down?
1:11.0	Okay. So if you believe that, why is it most real estate people are not figuring out,
1:16.8	what do I do in the down market?
1:18.8	There's a better chance for you to go down than to go up.
1:23.9	What should I do?
1:26.0	If I'm a real estate agent, if I'm a broker, if I'm a developer, what should I do?
1:31.9	Well, the first thing I would do is go talk to an 80-year-old developer, 80-year-old agent,
	...

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