15/08/2020
How To Profit In A Bad Economy
Nostalgia is defined as a wistful desire to return in thought or in fact to a former time in one's life...
Like when you hear a song that takes you back to your happy place. 🙋
Or like when boomers compare the past job market favorably to the present one.
But sometimes nostalgia can be misleading...
In 1969, I graduated from the United States Merchant Marine Academy.
After that, I got a job for Standard Oil of California for the oil-tanker fleet with a starting pay of $42,000, including overtime.
For most people that I knew, getting a good paying job out of college was pretty easy. I would say that for most Americans at the time.
But that’s easy to understand considering the unemployment rate was 3.6 percent.
Fast-forward 51 years later and the class of 2020 is seeing a different set of circumstances coming out of college.
According to a CNN report, 4 million new graduates are now entering the worst jobs market since the Great Depression!
The national unemployment is 14.7%, but that rate rises to 25.7% for those in their early twenties4, according to the Bureau of Labor Statistics.
Now if you compare this to when I graduated, you could say that times were easier for my generation then it is for this one.
But I would say it depends on your mentality.
I think, for some people, the fact that it’s harder to get a job could be a blessing in disguise.
I say that because, unfortunately, schools only teach you how to become an employee.
Everyone is hypnotized to think the same way:
➡️ Go to school
➡️ Get a job
➡️ Invest in mutual funds, stock, & 401k
But with the job market being so bleak for new graduates, they can break away from this outdated model.
This could be the opportunity to create a life where you’re your own boss. Where the amount of income is dependent on the assets you create and not the amount of hours you spend working for someone else’s dreams.
This is why I am not nostalgic about low unemployment.
And neither should you be.
Low unemployment and modestly higher wages just convinced my generation to join the rat race.
Today, you have the ability to start your own business without investing a lot of capital like I had to.
✅ No product
✅ No time wasted
✅ No experience needed
All you need is an email address.
And if you’re worried about your income and the economy right now, then I want to introduce you to my friend Anik Singal who can help overcome this concern.
He has mapped out a simple 5-step system to building a $1,000 a day business. And he’s hosting a free training to show you how to put this system to work for you, in just a matter of weeks.
👉 Free Workshop + Free Book [Register Here]: https://lurninc.iljmp.com/27/richdad-33
With this simple 5-step system, Anik was able to pull himself out of the $1.7 million debt crisis he was in during the 2008 market crash.
Sign up today and Anik will show you how to set it up in 30 minutes.
👉 Free Workshop + Free Book - https://lurninc.iljmp.com/27/richdad-33
Your future is created by what you do today, not tomorrow.
Sign up for the workshop and create new opportunities.
