How To Recession Proof Yourself
The year ahead will be a time to move forward. Nobody knows exactly when the next recession is going to happen, but we do know that it’s inevitable and Grant believes that when it hits, it will make 2008 seem small in comparison… like nothing.
Grant said he wasn’t ready in ’08. He remembered turning white when he heard that Lehman Brothers collapsed. He said he thought it was game over for him and everyone else.
That’s why he’s spent a huge amount of time, money, energy, and resources to make himself and his businesses recession proof.
If you want to be ready for the next big opportunity, you have to reach a point of acceptance as fast as you can and prepare based on what you know.
And keep in mind, right now, we’re not talking about adapting in real time, there’s a need for that too, but the more you prepare in advance the less you’ll have to adapt on the fly which is the time when mistakes are most likely to happen.
What Grant is saying is that he goes back to zero, the worst case-scenario and take it from there. What if you put yourself in the mindset that you’ve lost it all? Imagine if GC lost all his money, his businesses, his brand, everything. Now what would you do? What would he do?
Grant gets us thinking like we have nothing and then come up with a plan to dig us out of this theoretical hole and rebuild. Of course, we’re 100% confident that we’ll never find ourselves in such bad shape but if we’re wrong and disaster does strike, we know we’re ready to handle whatever comes our way. It’s a matter of being proactive and not reactive.
With the election over (mostly) and another wave of COVID-19 predicted to hit us hard this winter, plus everything else going on in this country, nobody is even pretending to know what 2021 has in store for us. However, Grant has two things we can have absolute certainty on:
- No matter who gets named at the electoral college, half of the country will be disappointed and…
- There will be opportunities for those who can spot them, like Grant and hopefully like you.
The well-informed will be able to do great things while the uninformed will remain stuck where they are or struggle and eventually sink.
Getting information and then utilizing it to maximum effect by committing totally to your goals is the strategy for success in 2021. You can expand your business during COVID-19 or any other crisis. You can make money. All you need to do to recession proof yourself is
- take it back to zero,
- educate yourself and then
- get back to earning when you can.
Being proactive will create opportunities and produce results.
On the flip side, if you just sit around waiting for the worst to happen, it will. And no matter how much you brace yourself, you will get rocked. How do you arm yourself so you’re prepared for whatever happens? You invest in yourself by gathering as much information as you can cram into your head and you learn so you earn.
Do not let the election or anything else going on define you or your journey.
It’s OK to take a step back to regroup but only so you can advance and come back stronger. If you need the knowledge, we’ve got it. In case you need a plan, we can help you create it. If you’re unsure how to get started we can show you how. It is sooooo easy to be pessimistic about the future right now but, it is not the end of the world no mater what the news and social media outlets try to get you to believe.
In fact, it very well could be the beginning of something great.
