Oct 27, 2022
What can you do to accomplish your goals and lower your risk within the current economic environment? Russ Morgan from Wealth Without Wall Street comes on the show to talk about how you can make sound investments in uncertain times, and ultimately mitigate your risk. Russ emphasizes the importance of monthly cash flow investments, and recommends the non-typical investments. Tune in to hear more about how you can manage your risk and make wise decisions in uncertain economic circumstances.
-Inflation is showing no signs of letting up, everything is getting more costly, and we’re seeing heightened geopolitical risks
-You can’t live off of fixed income without it being impacted whenever the government makes changes
-You can’t eliminate the effects of inflation, but you can creatively mitigate your risk in a few ways
-Russ has been investing for cash flow very heavily over the last 2-3 years
-Passive income greater than monthly expenses is financial freedom
-Rents in the real estate are going up rather than down
-It’s helpful to invest in multiple cash flow sectors—especially non-typical investments
-Russ recommends The Art of Passive Income Podcast if you’re curious about land investments
-How long is this down cycle going to last?
-Interest rates will probably raise for the next 12-18 months, and then come down sharply
-This makes sense if you consider that the commercial banks own the Federal Reserve
-Find investment opportunities that make cash flow on a monthly basis. Everything can lose money, but making cash monthly puts you in a more secure position
-Investing for rate of return and not understanding what you’re investing in are some of the greatest mistakes, according to Russ
-Many people invest in things that they can’t touch, with no access to their cash flow