I did not think I'd ever be writing a piece like this, but here we are.
The events of the last couple of weeks have affected the entire human race. And while we all are grappling with the immediate responsibilities of protecting our health, our families health, and containing the virus…
There are things much bigger to consider…things that will affect our future MUCH more than a virus.
Most humans cannot handle uncertainty of this magnitude….
And the virus of FEAR is spreading faster than the virus itself…
Which creates a distraction SO BIG, that very few can see past it. We go into our shells, and take comfort in phrases that get us through. Most of us are “just taking it one day at a time.” This fear keeps us paralyzed. So, what I'm about to tell you may not sit well…
And frankly, I don't care.
You need to recognize – The world is NEVER going to be the same. This is too big. The lawmakers in the US are currently arguing over a stimulus package that could spend upwards of 4 TRILLION dollars.
That's $4,000,000,000,000.00. It's roughly 5% of the WORLD's economy. And while that will create a temporary band-aid to jump start the economy… that money doesn't exist.
So whether you call it “Quantitative Easing” or just plain old money-printing, the long term effect will be the same…
Inflation.
And not just your garden-variety inflation… We are likely to see at least a decade of HYPER-INFLATION. This means that taking a “wait and see” approach and stockpiling cash is going to cost you. You will watch the spending power of your cash erode…
Quickly.
Yeah, I know. I'm not the most popular guy in class right now. But here's the thing.
In times of great distress, there are ALWAYS opportunities. The Great Depression saw unemployment rates near 25%. And many experts claim we are looking at numbers bigger than that. Yet even during the Great Depression, there were people who became VERY wealthy.
How?
They keyed in on what was happening, and took action.
Make no mistake, this IS a difficult time to act, but…
- It IS what will keep you alive and thriving.
- Is IS what will protect you and your family.
- It IS how you can be the hero…of yourself, your loved ones, your community.
There is an underlying beauty in all of this…
You get to choose.
You get to choose your perspective AND your behavior. You can adopt all the fear around you, or you can look for opportunity.
As examples…
Frightened investors are asking short-term questions, like “what happens if my renters don't pay?” Or, if they don't have a portfolio yet, they're not even kicking tires right now. Long-term investors are aware of the upcoming inflation, and are actively looking for opportunities…
They are buying properties…
Properties that make sense to hedge against future inflation. The most important thing you can do right now is to decide…
Decide what media you'll be influenced by. Decide what you're going to do to protect you and your loved ones, now and in the future. Decide if you want to live in fear or in hope.
The choice is yours.
To your health and prosperity,
Shecky
