Today, I have a prediction for you. It just may be the game-changer that determines whether you live the rest of your life in comfort, spend it just getting by, or in absolute poverty. Here’s the story…
The last decade has shown amazing growth in markets and for entrepreneurs. That is because the American economy adopted the “simple fix”. We’ve learned how to jimmy rig everything in our economy in such a way as to make it look as if those fixes were going to last long term.
So, here is my prediction: Within the next 18 months, I believe we are going to see a deep economic correction. If you consider yourself “aware or in the know”, you probably already have a good idea that this is coming.
Maybe you’re asking yourself, “How can I thrive in this era, instead of just survive?”
The economy has always followed cycles. This is the 11th year since our last cycle correction. Entrepreneurs have been taking advantage of this boom. There has been an abundance of opportunities. Barriers to entry have been lowered, credit is easy, and cash is flowing… but not for much longer.
Most people in the know understand that this upward trend is not going to last forever, because it was jimmy rigged in the first place. The Fed is completely confused right now. It was embarrassed as Fed Chairman Jerome Powell boasted that America’s economy could withstand much higher interest rates. But December market losses, historically one of the best performing market months, proved otherwise.
Outlining this confusion is the difference between the U.S. Economy and the U.S. Stock Market. If we have what President Trump called the “the hottest economy on the planet” during his 2019 State Of The Union address, why are our markets fluctuating so much?
The fluctuations will continue, and the market corrections will happen. The ax will fall, and the comedown will be brutal for the unprepared worker, business owner, and debt-heavy entrepreneur.
This economic tornado will come down hard on the business world. It will do what it did in 2008… sweep away easy credit, easy jobs, easy business, and easy cash flow. Only the strongest will remain standing.
There will only be ONE way you can remain strong and survive the coming correction. It will not be Bitcoin, metals, and bullets. (Although it couldn’t hurt to have them; I do).
Trust me, this will happen in the future.
Right now you may think I’m fear-mongering. I don’t want you burying your head in the sand, walking around as if nothing is going to happen, blind to what is barreling toward us.
Here’s the good news. When the collapse does happen, it weeds out all the competition. It will be just like the show, Last Comic Standing. You want to be the last one standing.
If you’re reading this right now, then you still have time to set things up so that you are the last one standing. You can be grateful that you’re in the right place at the right time, with income and wealth, because you took action.
Regardless of what happens, millions of people are going to be looking for answers, just like they did in 2008. In the British Army, they have an adage called the “7 Ps” — Proper Planning and Preparation Prevents Piss Poor Performance. This means, if you are the person who is selling the supplies needed to survive during the storm, you become the last (and wealthiest) one standing.
This is important to understand, because we have been living in an artificially created boom time. Because of this, we haven’t had to develop truly superior business skills or work ethic in order to succeed. Anyone can post a Facebook ad or YouTube video that leads to an online store selling marginal advice, products, systems, and other programs with ease. That is how they define themselves as an entrepreneur.
It is easy because capital is available, credit is easy, and there is more money to throw at Facebook ads. This does not take entrepreneurial skill.
However, just like 2008 when credit dried up, how many businesses will dry up in this next downturn?
Our leaders cannot keep this artificial boom going forever. Right now, there are shysters and competitors getting away with marginal business practices. Markets have become over-saturated. A crop of cheap products has been thrown into the market, without protecting the buyer. The consumer has been purchasing with ease, because they don’t see the economic tornado developing on the horizon.
The only reason this is working is because of the current environment of easy money, easy business, and easy credit. This will not survive the “class 5 tornado” that is coming this way.
If you’re reading this now, you shouldn’t be worried. If you set it up correctly right now, you will survive and thrive no matter what happens. Sure, you’ll see less-easy capital, and credit will be tight. But that won’t stop the millions of people looking for answers as to what to do now.
I’d like to share a three-part checklist that will measure your ability to thrive in the upcoming economic downturn. It’s simple and easy to review my complimentary checklist to see if you’ll survive or not. Right now if you can fix the holes in your boat, you’ll be ready for the storm when it hits.
Go to: http://bit.ly/SmartStartChecklist to access your complimentary checklist to ensure you are prepared to thrive in economic uncertainty.
Vickie Helm is a bestselling author, business and asset strategist, and the CEO of Smart Group Firm. She has improved the success of more than a thousand companies and the lives of thousands of individuals throughout her career. You can learn more about Vickie at https://thesmartlifeclub.com or https://vickiehelm.com.