Alex shares some advice he has received from successful investors on what to do when the market takes a turn for the worse. Think about some of the ways you can prepare and make yourself as foolproof as possible when things go south. Alex has some tips for you on how to get started in this week’s episode!
Key Takeaways:
- Would you be interested in knowing what Alex is doing in his personal development journey? Let me know!
- Where does Alex think the market is headed in the next 2 years?
- Alex has four themes to consider as of right now.
- Number 1: Stockpile cash.
- Number 2: Don’t get “fat”.
- Number 3: Get creative.
- Number 4: Keep an eye on the market.
Mentioned in This Episode:
Interested in joining the Hybrid Coaching & Mastermind Group Alex & Steve launched? Apply to Join ASCEND
Let’s Connect on Instagram: @alexpardo25
Profit First: Transform Your Business from a Cash‑Eating Monster to a Money-Making Machine, by Mike Michalowicz
Tweetables:
“Make sure you have reserves. Make sure you are liquid so that you can go shopping for great deals when the time comes.”
“More millionaires are made in downturns than in any other time.”
“Don’t be a one-trick pony. If you’re listening to this and you’re a wholesaler and only have one way to help a seller, you are putting yourself in a precarious position.”
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