Building Your Money Machine 080 The Stock Market is CRAZY ... With Opportunity
I don’t need to tell you that we are having some big shifts in the economy, prices, the stock market, and anything having to do with your money.
I get it, changes are part of life. You can’t avoid or fully anticipate them but you definitely can prepare for them. Every choice you make comes with a risk, and your capacity to take on that risk will depend on how well-informed you are. To put it simply, the more you know about things, the more you can control their outcome.
When the market is unpredictable and volatile, you will most likely see changes coming your financial way. It will hit your retirement, your savings, and your everyday living. That’s why understanding how the market is shifting is such an important part of The Affluence Blueprint and for an Affluent Entrepreneur like you.
Once you understand how your environment is operating, you can determine whether or not an investment opportunity is good or bad for your portfolio.
In this episode, I’m talking about some of these changes and how important it is to see the big picture to understand how to face them. What we’re experiencing right now is the type of situation that could become an opportunity for some, you just need to learn to put on your long-term-lens and be patient.
Today our conversation includes:
- How to face the changing market we’re living in.
- Steps to take into consideration when facing changes in the market.
- The importance of being informed when making financial decisions.
Resources used:
- Ep 70: How to avoid risk in investing.
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- “The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/