Welcome to Episode 2 of Series 2.
This week, I'm covering the 'C' of C.R.A.S.H. which stands for Cash Buffer.
Transcript portion:
So the economy is a little bit shaken at the moment. The dollar to pound ratios down at 1.03, down from 1.37. So the financial marketplaces are telling us that there's been some interesting decisions made by the UK government over the last week, which has affected all the markets.
However, I want you to think about this:
If you looked at just a bunch of words together and it says opportunity is nowhere, it can also be looked at as if saying opportunity is now here. Because in every downturn, there's always an opportunity. If we do not get sucked into listening to what the markets are telling us, and the sky is falling in and everything like that. So doom and gloom or boom, boom, boom really is just a simple phrase. But listen, avoiding the crash is a case of just deciding not to take part. In fact, recession is an "Opportunity in Wolf's clothing". This is something that the wonderful Robin Sharma actually put down as a quote. And then Walt Disney said, I've heard there's going to be a recession, I decided not to participate.
That is the way to think if you want to get through the next 26 months between now and the end of 2024. Because that's what the bank of England is saying, is where there's going to be a shallow recession all the way through to the end of 2024. They're not publicizing it. They're just publicizing getting to the end of recession of 2023. But realistically, it's going to be 2024. So if we're going to do that, let's plan in advance what we're actually going to do.
Listen in to hear the plan!
As ever, please get in touch on Dave@theprofitchampions.com
