Preparing For A Recession—Setting Yourself Up For An Advantage

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Erik Peterson
  • Aaron Williams
  • Mimi Schmidt
  • Mike Zaino
  • Scott Todd

There has been a lot of talk lately about an impending recession. We are in the longest real estate recovery in history, but is another one inevitable? Most likely, but the question is, when?

It is a perpetual cycle that looms over us and sooner or later it will happen, you can’t predict when but you can watch for the signs and prepare.

Everyone shares:

  • How they were affected by the last one in 2008
  • Precursors to watch for
  • How to prepare so we are sitting pretty when it rears its ugly head

Also, find out everyone’s thoughts on the impact it will have on the land business.

The last topic up for discussion is PROCRASTINATION. We all do it, it’s very natural. The reason we procrastinate is because we are avoiding some type of mental pain. But, how do you get over that mental block?

Everyone shares how they tackle procrastination, a few ways mentioned are:

  • Outsourcing the things you can
  • Theming
  • Have a daily game plan

Listen in for all the details!

When you’re procrastinating from something you know you’re probably going down the path that ultimately you should be going down. It’s a clue that, hey, here’s some work that you should be doing. -Scott

Noteworthy resources mentioned:

YouTube video, How The Economic Machine Works and the book, Principles: Life and Work by Ray Dalio.

The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage by Mel Robbins.

TIP OF THE WEEK

Mark:  Check out, RocketBook—Notebooks of the future. You write on it like you would in a notebook but then you take a picture with the app and it uploads it into the Cloud, or email, Evernote, Dropbox, or Google Drive. It can even transcribe for you.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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