Next Without For

In this episode I talk about the recession we find ourselves in, how similar and different it will be to past recessions, how to transition to it, how to prepare for it, and what opportunities it will present to contrarians and those seeking to be unconstrained.

As we move to a bear market and what some would call a recession, it is important to understand that markets are just collections of humans and their perception of value. Understanding that human mindset and how we deal with the changing times is important in positioning for growth in your asset investing.

Weve probably all seen and be entertained by TV shows on Extreme Frugality those people who do insane things to save money, dumpster diving, etc. They are obsessed with not spending money. On this episode I want to talk about balanced frugality. How you can do amazing things to save money, yet not be some oddball that others laugh at as you quest towards being unconstrained.

When you travel, you meet a lot of interesting people. If you are not from around their parts, they let their guard down and tell you what is really going on. These simple conversations are important to bring us back to reality and compare the contrarian lifestyle with the traditional. Oh, and there will be stories about ducks!

Since the 1990s, when China entered the World Trade Organization, there has been a euphoric move towards outsourcing to cheaper countries for manufacture and labor services. Although this brings down pricing, and helps curb inflation rise, it means the emerging market countries benefit while the client countries reduce expenses, but adjust their labor force accordingly. In this episode I want to explore the current and future trends of de-globalization, when countries retreat to their own borders and what both causes this, and what impact it has for all of us going forward.

Government & their best intentions can destroy the hope and future of a country. Whether it is from corruption, or just poor management, putting all of your faith & trust in central planners never seems to work out. In this episode, I tell the story of exactly that - government taking away the future from a country with so much promise and trying to sell it as a victory for the average Joe.

All over the world, the dreaded ''R'' word is being thrown about. For many people, they never remembered what a recession was like. For some, particularly here in Australia where they had a bull market economy for the past 30 years, memories of recessions may either be faint or non-existent depending on age. In this episode I'm going to tell you how to survive (and thrive) in a recession and what you need to do to adjust your mindset.

Having landed in Australia after being away for 3 years, I report on what I discovered and also what I acknowledge about life and our future. I talk about strategy in how to overcome the challenges of our world based on what I've seen others successfully doing.

Most of this seems obvious when you look at it in the rear view mirror, but there were times in my life where debt took over my world. Rather than retreating into a fetal position in the corner, I made hard decisions and it kept me from being destroyed by it. In this episode, Im going to go through the methodology that I used to remove debt from my life and become unconstrained.