How to Prosper in a Down Economy

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 3 April 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this video, we'll be discussing some essential tips on how to prosper in a down economy, especially now that the market cycle is changing, and the economic and business environment is tightening. While massive layoffs may be happening across different industries, we believe that there is still an opportunity for you to learn and step up your game. Our tips will help you navigate the uncertain times, stay financially stable, and even thrive in a down economy. You'll learn how to make smart financial decisions, build a resilient career, and take advantage of potential opportunities that may arise during economic downturns. Don't let a down economy hold you back - take control of your financial future and prosper! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/ #economictrends #businesstips #investortips #realestateeducation #investoreducation #financialstrategies #personalfinance #educationforlife

Transcript

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0:00.0	If you use that time wisely, the clock is ticking, okay?
0:04.0	But use that time wisely because to Gino's point, education times action will equal your results.
0:09.7	And you have more time now if you're in severance mode than you ever will to get educated. All right, Jing Jino here, and today we're discussing the year of the tech layoffs.
0:42.8	Dun, dun, don't, don't, 2023.
0:44.5	Not a laughing matter, but this has been disastrous for tech workers.
0:49.5	I'm going to run down the list real quick.
0:50.9	Disney cut 7,000 employees.
0:53.5	Salesforce, 8,000, Accenture, 19,000, Microsoft, 10,000,
1:00.0	Facebook, 21,000, Twitter, 7,500, and Amazon over 100,000 people getting the pink slip over the last year. Gino, if you were one of these
1:13.9	tech workers, okay, you just got a severance. What would you be doing right now to rebound? Because
1:20.4	there's some folks out of work and there's some folks going to be hurting right now. And this may be
1:24.4	an inflection point for them to begin changing course. Jake, there
1:29.0	are some similarities to what's happening now to the tech industry and into the overall
1:33.4	economy. What happened to me back in 2007 and 2008 when I had my small business, my restaurant
1:38.3	up in New York, I met you in 2008, 2009, and it was a really rough patch because when the economy hit, nobody was going
1:46.0	out to eat. The restaurant really took a big humble. I mean, we were working harder.
1:50.7	Prior to the recession, though, that's the thing I want folks to understand. Like, you couldn't
1:53.6	get into a restaurant in a, you know, what we call them that, you know, Northern Westchester
1:57.5	at the time, whatever the case may be. It was packed. Restaurants were busy.
2:04.7	And that's the thing. Like when you look back at it, it seemed like it was so long ago,
2:10.7	but obviously forget. And the first thing that I did, and thankfully, I always attributed to the book that T. Harvecker wrote, that Secrets of the Millionaire of Mine, I all of a sudden
2:14.8	started blaming everybody. And I was like, this economy is terrible, the president's terrible. And then when I read the book, I was like,
	...

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