Why recessions create millionaires

On Today's Episode: You are not alone if the recession has you nervous about what to expect. People have real concerns about whether or not they’ll be able to afford groceries, gas, and even rent!

For sure you’ve heard that millionaires are made in recessions, but how?

Jaspreet Singh is joining Tom for a second time to get you up to speed on what it takes to get wealthy during any recession. Jaspreet is the Minority Mindset guru and Chief Money Nerd at Minority Mindset Companies. He’s been creating financial education videos on YouTube for years and is breaking down all the reason you don’t have to be scared during a recession

It’s all about assets and equity. The trick is that you have to know what assets to buy and how to chill long enough to allow equity to grow its way to wealth. Recessions create buying opportunities for people with capital or money that know what to buy to come out on top.

Jaspreet is a voice of reason to remember that recessions are only bad or good in relation to which side of the equation you are on. This is a must watch if you’re trying to find the best route through a recession that has most people nervous and panicked.

SHOW NOTES:

0:00 | Introduction to Jaspreet Singh

0:14 | Recession Opportunities That Build Wealth

23:15 | Smart Ways to Invest In Any Market

39:11 | The Mindset Trap Killing Your Wealth

48:52 | Only 3 Reasons to Save Money

1:00:49 | Building Wealth Feels Boring AF

1:17:02 | Equity Is the Name of the Game

1:28:32 | Investing Against Debt

1:43:23 | When to Use Tax Advisor

1:57:10 | 8 Financial Concepts Tom Learned

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