Not all times are good, but if you want to lead a wealthy life, then you would be wise to learn how to find the good in every situation. Maybe they can’t afford to pay their mortgage or they bit off more than they could chew and the stress is keeping them up at night.When these sellers look to liquidate their assets, who do they liquidate them to? Being busy by doing things which customer doesn’t cares won’t get you anywhere.Lean your process don’t only makes the work worthwhile and keep your efficiency high. During this time, assess your competencies and begin investing with focus. I want you to invest in yourself, develop your abilities and become more productive today, so that you can be part of the solution during these trying times.It’s your duty and responsibility to save on taxes legally and ethically, so how can you maximize your deductions? It only occurs very few times in history. The Question is: “Will you be one of them?”Reading this series on Market Crash and our blog post will help you drastically in your journey of building wealth and protecting you and your family’s finances.Success is not made overnight, but through determination and the conviction to keep learning and getting better.Here are some resources what will help in guiding you to your success.What guides me in my journey are some of the many books I read for the past years. Again, make money on the buy and be part of the solution. The great everything ‘Sale’ is here! )Could you rent out your home to your business for 14 days a year?Smart business owners document every dollar that goes toward their business and put together a tax team to help them maximize their deductions, which makes each dollar more productive.With your insurance, it’s time to get rid of duplicate coverages and improper structures. Our goal in this first step is to build an automated system to create cash.

Like when you buy a coffee from Starbucks, the $4.50 you pay to the cashier only transfer to the seller and made the seller slightly richer after each transaction.Question: “How can you be one of the those who have the money being transfer to and become richer in the process?”With recession, everything you see will be ‘On Sale’.

I thought it could start as early as 2018 and declared it would be no later than 2020, but I had no idea about COVID-19 and just how severely it would hit. For example: I have a friend named Bob who helps distressed home sellers. For those that have access to cash, you can make money on the buy.

But being able to profit from recession is a whole new level.Nonetheless, every actions or investment comes with risk and care should be taken when performing each task.In every recession, thousands of millionaires are made through knowing the secrets of profiting from a recession. Now the conclusion from most is that it’s inevitable and the Fed is worried about a depression. Why? It’s time to minimize worry and scarcity and instead focus on making moves today that will help you I am Chief Wealth Architect at Wealth Factory, author of the NY Times best-seller Killing Sacred Cows, and a Keynote speaker.

Everyone are having stuff that is on sale!During the recession, you can have a mutually beneficial renegotiation with your supplier. You should always ask your financial adviser or lawyer for any financial or law related advice. This can be business loans, mortgages or even cars.

When you make these changes, you will lower your premiums. Wealth Factory helps entrepreneurs optimizeI am Chief Wealth Architect at Wealth Factory, author of the NY Times best-seller Killing Sacred Cows, and a Keynote speaker. During a recession, or rather to survive the recession and profit from it, the following is what you need to do.You have to lean your process to have the maximum done at the minimal time and resources. This may actually wasted my whole weekends where I can actually learn a new skill where it will help me in my next career move.If I am more of the ambitious type, the time saved may even allow me to create a side business where I may one day leave my 9 to 5 job and be my own boss.Or if you just want to create a passive income, This article on ‘Busyness is the act of just being busy and it robs you time in the form of ineffective meetings, or longer meetings than necessary. If you have any underperforming assets, you can cash them out to pay off higher interest rate loans. (It’s tax deductible and they don’t have to claim income. Money can’t buy time, but time can buy money. If you have an investment, you can set up a stop-loss, which means you automatically move to cash if the market goes down by a percentage.

Build liquidity. There also many words of wisdom said by those who have achieve what we want to achieve and to learn from them is the shortcut to our goals.Taking your First Step is always hardest, But it is the Most Important Step to GreatnessShare with your friends on Facebook or Twitter if this help them too.This will motivate us to write even more amazing articles to help you in building wealth in the future!Enter your email address to subscribe to this blog and receive notifications of new posts by email.We are not your financial adviser or lawyer, information found in our website are our opinions and should be used for entertainment purpose only. You could increase your elimination period on certain insurances so they kick in later.

This is the time where people who have over-leverage, especially those who over-leverage during the bull run are forced to sell their properties. You don’t have to participate in the downside of the market. Restructure loans. Market have a temperament of selling you great stocks at a cheap price during a recession.During a recession, fantastic stocks with extremely great balance sheet will be beaten down to a bargain price which happens only once in a lifetime.These great companies such as Coca Cola which Warren Buffett have brought since “It is better to buy great companies at good price, than bad companies at great prices.”Recession is uncommon. To do that, I want you to automate your savings and be deliberate with your investing. Look for multi-policy discounts or using an umbrella policy and lowering your limits of liability to the minimum to be more efficient.


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