#585 - Are We in a Recession? Should We Buy Stock Right Now?

We face a very unique situation right now with the current pandemic. Coronavirus/Covid-19 is driving the economy downward drastically and we certainly weren't prepared for it. So with that said, what are you going to do about it in your world? There's a lot of risk but there might be opportunity, too.

"As long as cryptocurrency remains hypothetical, it'll be more volatile." - Tai Lopez (click to tweet)

Points to keep in mind:The world order is bound to change in light of today's circumstance.You can either freak out, or you can stay calm. What's gonna happen is what's gonna happen.Narcissism and Machiavellianism are completely different personalities.Always be mindful of both sides of the narrative,Cryptocurrency can be a volatile and risky market.Your investing should be primarily in things you have control of. A key rule of thumb to investing is buy when the market is low; sell when the market is high.Live your life with caution, but don't live your life out of fear.You should only be putting walls up after an experience. Not before.Don't be intimidated by the powers that be, but don't be disrespectful.Living a reactionary life means you're never prepared for what's next. Be proactive, not reactive.

"Buy low, sell high." - Tai Lopez (click to tweet)

Summary: In this era, there's a lot of fear and chaos throughout society. Everyone is reacting to things rather than preparing for them. Don't fall into that stream of living. Live a life of strategy.

"If you always react, you never strategize." - Tai Lopez (click to tweet) See omnystudio.com/listener for privacy information.