Name: How Do You Survive The Next Recession?
Uploaded: 2020-03-09T16:22:49.000Z
Duration: 4 min 50 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Dan, do you have advice on how to survive a recession?

Future simple

Well, I'll give you more than one piece of advice.

To-infinitive

I'll give you three pieces of advice on how to survive in a recession.

Now, if you've been around long enough, you would see that they always go through different cycles and no recession guarantee is coming, right?

Especially now, We've had crazy growth curve for such a long time now.

First of all, you have to put yourself in a cash position.

If you have a business, maybe things were slow down.

Or maybe things that used to work no longer works.

Maybe your marketing channel works no longer works.

In order to get through this period of time, you need cash to survive.

You want to have staying power if you actually have excessive cash.

This is where we take advantage of these opportunities when everybody else is.

This is where we take advantage of these opportunities and you'll find a lot of people that get incredibly wealthy during this period.

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Number two is to have a skill set that is valuable in the recession or the product of surfaces of the offering is also valuable.

That would actually do better in a recession, right?

It's a metaphor means that when time is good, people go to have a drink.

When times are bad, people go to have two drinks.

There certain industries and certain sectors there will always do well.

In fact, they do better when the recession comes.

My education business when, if if when the recession comes when times are tough, people are looking for alternative education that they know that Okay, You know what?

Having that degree, That doesn't really help me.

I can't even get a job now because everybody else is downsizing.

But if I have a skill set that are not taught in school, I'm able to generate quick income doing that.

So when times are bad, my education business actually would do much, much better.

When times are good, people don't think about them.

And I don't have to worry when they get downsized.

When then Something that happens when the companies they work for got a business.

So that's the second thing having a business, a skill that it's recession proof.

And the third thing is this is knowing that to survive in the recession, recession doesn't last.

And if you study history period of with such an extra gets shorter and shorter and shorter, shorter.

If you have a skill set that gives you staying power, all you need to do is be able to survive food, appear of time And if you look at history, you will not panic us much.

Because when you're in it, you're so worry and you get so wrapped up in 20 my God, How long this is gonna last If youse I cannot.

But if usual back history, it doesn't last forever.

But within that pure of time, some people was suffer.

They would struggle, is always like this, and some people will thrive and prosper during recession is always a choice.

Do you want to be crushed by the recession, or do you want to take a bandage off the recession When you come on off the recession, you're that much further ahead and you set yourself up for life.

If you have a question, this is the boss in a Bentley.

This is what I do when I go somewhere and I answer your question just like this.