Jul 21, 2022
When you have a recession there is so much opportunity out there. During these uncertain times, people make irrational decisions because they are persuaded by fear. So what are the attributes that make wealthy people wealthy and remain this way? Your host, Nathan Birch, details why and how recessions make more millionaires than any market cycle.
(9:00) How the wealthy think about money.
(11:55) Scarcity mindset vs abundance mindset.
(15:12) The biggest wealth killer: FOMO.
(18:26) A buyers' paradise, a sellers' nightmare.
(19:00) Glitches in the market.
(20:52) Smart investors do not buy at the top of the market.
(22:18) When interest rate rises, rent rises.
(27:52) We are in a hyperinflationary depression.
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