The crash is here but how can you not just survive, but thrive in this difficult financial time? In this episode, Rob gives 9 rules to help you invest and grow your wealth in the upcoming recession.
KEY TAKEAWAYS
- Minimal cash but maximum liquidity. Cash isn’t as secure as once believed and is being wiped out by inflation.
- Be as liquid as possible, when there is a big asset price crash there are both upsides and downsides. You need to be able to access cash if you need it.
- You need both defensive and aggressive asset classes/investment strategies.
- Understand the true meaning of liquidity
- Learn the difference between an asset and an investment
- Be ready for the recession you cannot time the market
- Pound and dollar cost average, buy in stages to de-risk
- Have multiple streams of income
- Buy, hold and die to give yourself the maximum return on time and money
BEST MOMENTS
“I think there’s a big depression coming”
“Cash is being wiped out by inflation”
“The world of crypto is in absolute tatters right now, you can lose everything when you’re too aggressive with your investing strategy”
“An asset is something that produces income”
“Cash is not king, cashflow is king”
VALUABLE RESOURCES
http://rob.team
bit.ly/Robsupporter
https://robmoore.com/podbooks
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
