S&P Off To Worst Start Since 1970 - What are your options?
he first half of 2022 is officially over. We just passed the Midmark of the year.
A lot has happened so far.
A lot of volatility. A lot of disruption. Certainly there’s hangover from the recent pandemic. We’re in an inflationary mode that we haven't seen in over 40 years. The federal reserve is fighting against inflation by raising interest rates, which affects the cost of capital (the cost of borrowing) for everybody. And this affects consumer spending and consumer confidence.
The S&P had its worst start this year since 1970. That was two generations ago. Most people under the age of 50 haven't experienced an economy or marketplace like this. They might know the last 40 years or maybe just the last 5-10 years, but those years have been economically strong. We've had a long wave of relatively low interest rates, cheap money, and the federal reserve saving the day every time that the economy went into a little bit of a spiral.
I believe those days are over. I'm not here to be a fear monger at all. Not a bit. I feel good. But I also feel confident that change is inevitable.
This is what we are all about at Freedom Founders. How to be more resilient in our businesses and our investments. Not playing by the majority “group think” mindset that most people teach – where you fall into the trap of industry and Wall Street. These are all constructs that have no relevance today. So instead of being fearful, instead of being scarcity minded, I have built and surrounded myself with a community at Freedom Founders that can navigate this together. We use collective wisdom, experience and access points to invest and to run our businesses in ways that are very contrarian to the industry.
This is the way to navigate the future. It’s what you want to teach your kids, which is a big part of what we do in Freedom Founders. Legacy, generational wealth, resilience and resourcefulness. That’s what I want for my daughter. It's what our members want for their kids. We fight the good fight, meaning that we learn how to navigate, and find the voids and opportunities in the marketplace. We know how not to become victims to the choppy waters ahead that most people are going to experience.
So what are you doing to prepare your game plan today? What changes are you making? What plan do you have? Who is the financial advisor who's going to help you navigate through this? I'm not here to demean good people who work hard in the fields of finance and strategic planning, but if they haven't seen downturns like this before, and they don't understand the inflationary forces and the headwinds ahead, how are they going to help you navigate it?
That’s what we do in Freedom Founders. We help each other navigate uncertain times. If you haven't found your place, your tribe, then knock at the door and see if this might be a place that would help you navigate your future.
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest. www.freedomfounders.com/schedule
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.