Hope is not a strategy. What's your plan for the recession?

There could be a recession.  There might not be a recession.

One thing is clear – it’s not a stable and calm time anywhere in the world right now. But here’s the kicker:  in spite of people knowing there’s plenty of economic uncertainty, most people’s #1 is strategy is….. do nothing.

The primary plan is to work hard, keep the job, don’t get fired or made redundant.  It’s not a bad plan, but it places you at the mercy of a potentially fickle employer. 

When I created 45minutetrader.com I thought that more people would be interested in learning how to use their capital in 45 minutes a day (or less) to generate a weekly income.    Then I uploaded the video content for the course and I realized “wow this is a lot of work for someone.”

The “aha” moment is that most people just don’t want to make the effort.  They don’t want to read Rich Dad Poor Dad by Robert Kiyosaki, or The Little Book of Common Sense Investing by John C Bogle, let alone purchase a course.

Instead, they would rather watch an episode on Netflix and hope for the best.

Hope is a terrible strategy for building a financial future.

I always say there are 3 types of people in the world.

1. You make it happen.
2. You watch it happen.
3. You wonder what happened?

Which one are you?  At the very least, I implore you to educate yourself on investing and do something (read, watch YouTube, heck even buy a course!)  Don’t sit by and hope the world gets better and your financial future magically appears. Make it happen!