A small simple list to prepare for an upcoming economic crises 🦁
Real estate in a crisis economy
- Be Certain of numbers
- Stay away from long rehabs
- Back up plans
- Avoid thin deals (Want good profit margin)
- Avoid leverage at all cost
- Stay away from the high end market
What I’m doing to Prepare
- moving some assets to cash
- Open credit lines
- Build credit
- Assume the worst
- Restructure short term debt
- If you see markets turning cuts your losses (Don’t chase the market down)
4 buckets (Dump You profits in [25% each] )
- Extra cash reserves
- Real estate holdings
- Retirement
- Business that other people run
Goals to make for yourself
- leverage , hire someone to do things you don’t enjoy
- Security wealth
- Net worth
- Marriage
- Legacy
- Help 10 people become millionaires
- Donate back to the community certain number per year
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https://discord.gg/BDAFt4u