RECESSION ALERT: How To Prepare & Build Wealth In The Upcoming Recession! | Dean Graziosi

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On Today's Episode:

The economic winter no one wants is here, and if you’re not snowboarding you may be standing still frozen, in denial, or completely unaware. It’s time to get your mindset around being recession proof.

“In times of recession there are massive opportunities and fortunes to be made, so for new up and coming entrepreneurs, this is the time to go and start a business.” -Richard Branson

Over the last few years we’ve dealt with many challenges as a society and many more as individuals, and one thing is for sure, you either saw opportunity, you retreated and gave into anxiety, or you froze and did nothing. During COVID, businesses were lost, and businesses were made.

Dean Graziosi has been around for well over 25 years experiencing the economic cycles, business cycles, and life’s cycles. He’s joining Tom in this episode to share his experiences through his own real life difficulties to remind you to get your mindset around the reality of the economic situation going on, and decide how you’re going to respond.

How you get through this storm is your decision. This recession doesn’t have to be all dark skies and gloom, when you’re armed with the right information. Join Dean Graziosi and Tony Robbins 5 Day Challenge, Time to Thrive in August to give yourself the advantage we all need.

SHOW NOTES:

0:00 | Introduction to Dean Graziosi
0:20 | Recession Proof with Anticipation
10:36 | How to Ease the Anxiety
23:17 | Tools To Navigate Uncertainty
31:29 | Listen to Your Self-Talk
41:43 | It’s Time to Thrive

QUOTES:

“It’s preparation and anticipation rather than reaction.” [0:57]

“Time to put the ship in the storm. The next level of me lives on the other side.” [19:23]

“What if on the other side of that storm is the man or woman you’re designed to be? Wouldn’t it be worth that storm?” [22:24]

“I’m scared to death but I’m going anyway.” [27:21]

“Anxiety is this double edged sword. It is the reason that I’ve had the kind of success that I’ve had.” Tom Bilyeu [29:12]

“If you leave the scene of learning without taking an action the momentum goes away.” [1:01:42]

Follow Dean Graziosi:

[TomBilyeu]

What do you think the next 6 months will look like?

[IndigoWisdom]

I loved this interview and how Tom has the ability to challenge platform speakers out of their repeat-answer styling into more raw and authentic sharing. Thank you 🙌🏾

[oneiljerry]

The gdp numbers aren't lying; we are technically in a soft recession. I was also shocked to see the market shooting up today. And I agree, if the market is green tomorrow I will also be pleasantly surprised and start looking for Elvis, MJ and Prince. LOL

[JudyRhodes]

is perfect. I have said before, I am hanging on to the edge of an active volcano can do this and be fine for a long then I get a leg up on the edge and I can see the safe forest. Love this so much. I am the ultimate optimist by being able to recognize the danger without a big knee jerk.

[Luke_Stoltenberg]

40:54 "I didn't have anxiety when I lacked self-awareness" - this is so true! Just as the more I learn, the more I realise I don't know, the more self-aware I become, the more aware I am of my current and past stupidities! We all need to give ourselves a break but when you realise how foolish you've been in a sober state it can be hard to get past.

[meredithelbert]

I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA . Already with a 7 figure portfolio but I have no doubt investing more.

[beauxboehm]

Now I’ll admit I’m very ignorant to the economy, but the values this man carries for his family and wife is beautiful. I need to adopt his attract who I want mindset and his way of replacing anger with compassion. I love how well he speaks of his wife and I would love to feel the same way for someone else. Congrats man and thanks for the insight.

[ohdeerdesign]

I have a TV on in at least two rooms of my apartment - and music playing 24/7!! I am 63 years old and just recently lost my husband and six weeks later - my incredible dog. I keep trying to figure out - even at my age - what I can do to make sure I take care of myself - I appreciate this information more than you know.

[mredemption]

Yes, market crashes. Yes it has not bottomed, It has no business at this level in the first place, pumped up by the Fed and central banks around the world. You can still be 100% invested at this level. Good luck! I prefer to sell the bounce and keep 50% cash. I will not get back into the market more than 50% if S&P is not 30% lower from here. I trade and make quick profits. With this inflation and my expectation on the economy, I am ok with 70% cash. I don’t short the market. Just keep selling the bounce!

[Derekforeal]

Posted 39 minutes ago, over an hour long and people state how great this was. 😂😂

[hokiedevil]

Damn, Dean! You just made me realize that my father's temper is the reason that I avoid conflict. Stupid narcissts ruin lives everywhere they go... thank you!

[RDA]

As a 40 year old man, it blows me away what you can learn through self study online nowadays. Never in history have people had all this information and opportunities at our fingertips. I spent 15 years working in my career for 85k a year. Just a couple years ago, in my late 30s, i started taking online courses and studying youtube content. With no prior experience, I now own a business doing 5 million this year and i walked away from my job. My eyes have been completely opened. Theres a lot of money out there, you just have to go take your piece. Focused self study > college by a mile in my opinion.

[IAMBETTERTHANYYOU]

The current system is completely unsustainable. The only reason it continues 'as if' is lending and debt. Lending for healthcare, for homes, for education, and plain old credit cards. trouble is, when the bottom falls out, the lenders get bailed out and consolidated, and everyone else loses their shirt.

[alphalifestyleacademy]

3:54 Look at W.C Stone and Emmanuel Haldeman-Julius during the Great Depression. In 2009 I was a business strategist for Jeff Paul, one of Dan Kennedy's top students in direct publishing and I looked what worked in the Great Depression because what was working no longer worked. Our company added 200, 000 paying customers after the crash!

[coreyread]

Tom: "What should people do to prepare for recession?"
Dean: "Buy my course"

[marshbuice]

The title has nothing to do with the value of this conversation. If you are going through something you need to watch this. I can relate to so much

[GregMunro]

I am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.

[frankcardano]

I used to hate winter until I learnt to ski and board.
What a great quote.

[b-rare]

Life is full of wins and loses. The point is to be up overall . Hold the line people things will be up again soon enough. Challenges build character and lots of learning will occur it’s a great time to level up.

[AlexanderVing]

This hit the spot you guys! Haha really needed this. I had begun to freze. But no more!
Continue on Alex! Man im almost there!