Despite motivational speeches and advice everywhere encouraging people to take risks, could some caution be warranted in a Covid-19 recession?

In this episode, we cover:

- Taking risks

- Seeking difficult situations intentionally, for growth

- Starting a business and having a purpose

- Leaving your job during a recession or economic downturn

- Business failure

- Ease of getting a new job, layoffs, etc.

- Economic environment and consumption

- Starting a business while keeping (and solidifying your job)

- Being a valuable yes-man during recessions

- Cheap assets, and keeping cash-flow to purchase it

- Stocks

- commercial real estate

- Possibly low-interest rates AND low prices at the same time?

- Why personally, I'm still not buying real estate at the moment

- Keeping liquid reserves

- High-margin, low-expense businesses

- Side-jobs, gig economy

- Importance of having income when assets are cheap

- Keeping a layer of safety during recessions