The Coming Economic Collapse 2022 | STOP BUYING REAL ESTATE & STOCKS

The Coming Economic Collapse 2022 | STOP BUYING REAL ESTATE & STOCKS

Are we headed towards an economic recession? Well the Federal Reserve (FED) has already made it clear that they believe an economic downturn to be a possibility.

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Over the last 10-15 years the economy has done well and we've seen tremendous bull runs in the housing market, stock market and cryptocurrency markets and we've seen more investors enter the spaces than ever before thanks to the likes of YouTube university, social media, and even websites like Biggerpockets teaching people how to invest in real estate.

These days I've witnessed many new investors investing irresponsibly investing on margin while not having a solid financial foundation. Leveraging out adjustable rate mortgages to invest. With the possibility that we could be approaching the top of the market and the possibility of an economic crash coming, it's important to make sure you have your finances in order to insure you can navigate a potential financial crash.

The first thing is making sure to have an emergency fund in place. Should an economic meltdown occur, you want something to fall back on. This is where your emergency fund comes into place. We're already seeing many signs of what could be a financial bubble between interest rates rising, inflation becoming a problem, the yield curve inverting, and on going international struggles.

Another important thing is to get rid of bad high interest debt like credit cards. While this economic bubble is starting to build, inflation is getting worse, cost of living is going up and if you eliminate high interest debt, it will give you room in your budget to breathe a little. This is key to economic collapse survival. The thing is when you invest, you want to invest from a position of strength not weakness. You don't want to deal with a housing market crash or stock market crash, have an emergency come up during the bottom and then you're forced to sell investments. That is the last thing you want with an economy collapse or housing crash. The key to building wealth is being in the game for the long run. Getting the full benefits of compound interest.

So will the economy crash? The truth is no one truly knows but it's best to be prepared for an economic crash coming just in case. But overall rather than focusing on whether we're in an economic bubble or if there's a housing market bubble, or dwelling on whether a financial crisis could be around the corner, the best thing you can do is focus instead on having a solid financial picture in place with your emergency fund, monthly cash flows among other things and focus on time in the market not timing the market. Consistently keep buying real estate, shares of stocks, and crypto and stop trying to predict an economic crisis. Over the long run, you'll come out on top.

#EconomicBubble #FinancialCrisis #EconomicCrisis

[edenzere]

I am learning so much from your videos. Thank you!
Are you saying not to buy investment property out of state, to hold off? I am looking for good deals to hopefully buy in 90 days or so. I would appreciate it if you could shed some light on this point please.