Have we already reached a recession? As the economy slows down and people begin to stop purchasing, it seems as if this is the case. Here to discuss this is John Rubino from Dollar Collapse, and he unpacks the current decline of the global economy—expanding beyond the US and touching all markets. Things are only going to get messier, so tune in to hear what to expect in the near future.

-Gold and silver are getting decimated, and everything else seems to be getting decimated worse—such as oil
-The economy is slowing down; people are buying less stuff because prices have increased astronomically
-We are possibly in a recession already
-The dollar is going up relative to other currencies; the European bank was forced to tighten, and yields started to go up
-Their plan was to tighten German bonds, and they are going to keep financing deficits
-Investors have to figure out how to allocate their money based on what the economy of the world is going to do going forward
-By the end of this year, there is a chance that we will be back in easing mode
-This is just like what has happened the last three/four times around, but on a bigger scale
-In many areas of the world, we’re seeing food riots
-Things are going to continue to get very messy
-A lot more people are probably going to come out and vote in this midterm election

Useful Links:
Financial Survival Network
Dollar Collapse

Direct download: John_Rubino_06.Jul.22.mp3
Category:general -- posted at: 8:01am EDT

Many people are leaving their corporate jobs to become entrepreneurs. This can be good move in many circumstances, but it’s important to know what you’re getting into. Business coach Kevin Stansfield comes on the show to talk about how you can minimize your risk when purchasing or starting a business, and there are a number of factors to keep in mind with both. You must have a clear vision of where you want the business to be in the future, and it’s crucial to get advice to someone who has bought or started a business before. Tune in for more insight.

-Many people are leaving their jobs to become entrepreneurs
-There is a big difference, however, between starting a business and buying one
-Kevin has been coaching businesses now for about 16 years
-Kevin’s Dad had a difficult experience buying/owning a business
-Kevin got into business coaching for business owners like his Dad who are passionate about what they do
-Try to find the business that is going to be the next big thing—what Kevin calls the ‘unicorn.’ A lot of luck is involved
-It’s also important to ensure that you can get paid forever
-The biggest mistake people make is that they don’t have clarity about where they want the business to be in the next 5-10 years
-You must master your brand, which entails sales, advertising, marketing, and all of the factors involved
-A lot of learning happens through trial and error
-Get advice from someone who has bought a business before. To mitigate your risk, you can buy a franchise
-When you start a business from scratch, there are no systems in place, and you have to build them from the ground-up yourself

Useful Links:
Financial Survival Network
Kevin Stansfield LinkedIn
The Big Dipper Book

Direct download: Kevin_Stansfield_06.Jul.22.mp3
Category:general -- posted at: 8:00am EDT






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