now look i want you to listen up and i want you to listen up very very closely because this 2022 recession is the best chance of generational wealth that you will ever see here's the thing people like you and i we have some pretty good advantages that work in our favor during this specific recession actually our advantages are pretty massive if i'm being honest and i guarantee that if you take heed of this advice there'll be a large portion of you that will go on to be millionaires in the next few years and i'm gonna
come back to exactly what the advantages are in just a few minutes and how to best utilize them properly but before that i really just want to set the tone and set the stage by giving you this message no matter who you are i don't care if you're starting an absolute rock bottom if you don't have a hundred thousand dollars in your investment portfolio within the next two to three years you only have yourself to blame with these current conditions now that is the bare minimum for everyone else the goal should be to add an
extra zero to your net worth so if you've got 300 000 to your name in your investment portfolio or liquid the goal should be three million dollars within three years if you've got three million dollars you should be aiming for 30 million dollars and in my situation i'm trying to go from roughly 12 million after tax to 120 million by the year 2025. and by the way that benchmark of adding an extra zero to your liquid net worth that is really only if you press in and you make the most of these two advantages now
recessions are very difficult periods for most people because they get hit on two sides first of all the value of their existing assets goes down and then second they suffer from things like job instability or their income from their business goes down because you know they're just not making as much revenue but for people like you and i this is where our two advantages come in the first advantage that people like you and i have is agility and the second is contrarian knowledge so let me explain now the first advantage you have right now which
is agility you probably don't even realize that it's an advantage this is the ability to pivot it's the ability to be mobile it is the ability to be lean now here's what i mean the other people who are looking to succeed and come out on top during this recession well a lot of them have long-standing careers a lot of them have jobs and a lot of times these are in industries that really struggle during recessions and these people are usually tied down geographically or tied down to you know the career that they've had a long
time and unfortunately a job is not a plan 99 of time unless you're you know truly with a very special company i think having a job is a great thing if you're part of a company that you know really sees your value pays you accordingly you get good pay rises and you're part of a great work culture but that's point zero zero one percent of companies i'm just being honest for the rest of you your agility means that you can get into industries that other people with long-standing careers simply can't or there's a lot of
people who are fighting through this recession that have for example brick and mortar businesses where they're dealing with stuff like supply chain issues decreased revenue and all of the other issues that come with sort of traditional businesses during a recession but if you start an online cash flow business with low overheads and low startup costs like i've been screaming at you guys to do over the set yourself up for success because you have the highest chance of succeeding while mitigating and lowering your risk as much as humanly possible now the other benefit of having an
online cash flow based business which gives you a big competitive advantage is basically your location independent and here's where this is pretty cool during our session because you can actually move somewhere you know you could go somewhere for six months 12 months 24 months you can go to places like cape town as many of you guys know that's one of my favorites i actually have a house out there where i spend a large portion of my year basically just to get away from the craziness of everything and really sort of focus it's probably one of
if not the most beautiful places i've ever been to on earth but you can go to places like cape town medellin a lot of people you know go to bali which i personally don't recommend just because of time zones and stuff it can just get a little difficult and i've just found it's a little bit more sort of like a laid-back world culture and the point is while you're building up your businesses you can actually reduce your expenses by 50 70 i mean even 90 by moving to these cities which have a much much lower
cost of living and a lot of times actually a better quality of life too and if you move between some of these cities for the next year or two years you can actually save a lot of money while you're growing your income so this is what i mean when i say that being agile is a competitive advantage not only in business but the fact that geographically you can go anywhere you want in the world now another really important thing to note during this recession is please do not start impractical businesses for example my software company
agency flow that is a 10 out of 10 difficulty that is a 10 out of 10 company to build in terms of skill set and it takes a lot of upfront investment so if you're starting out don't try to start a business like that or for example gagi which is my e-commerce brand i don't talk about it much here on youtube but having premium packaging like this you know with this velvety inside the finish one of my products we make at that company is blue light blockers obviously i spend a lot of time in front
of my computer and i like to get good sleep so i like to block out some of the blue light before i go to bed so this business i started two years ago and this is a sort of business that suffers from supply chain issues import taxes a whole host of stuff that is making it really difficult for business owners in industries like that so if you want to start an online business this year and finally start making money online this year you need to build a practical business something that has the highest likeliness of
success with the least amount of risk now as many of you guys know i have businesses in everything from sas to e-commerce to agency which is my longest standing business so i've basically done it all and created the online money-making matrix which i released in one of my most popular youtube videos ever i'll drop a link in the first line of description just for your convenience definitely check that video out but back to my main point which is for the next 24 months your goal should be free cash flow even if it's just from a
side hustle in order to really make use of your second biggest advantage but the reason i mentioned agility as your first advantage is that you are in this super cool position where you can make income online from literally anywhere in the world and then you can use that extra cash for advantage number two now your second biggest advantage during this 2022 recession is contrarian knowledge now if you're the sort of person who's watching this video i can assume that if i looked at your youtube if i looked at your twitter if i looked at sort
of your other social platforms that you are following other people in the finance space the education space etc etc you know people who have a good understanding of the macroeconomic outlook because you need to understand that the majority of investors that you're coming up against still watch the news these are people who are genuinely dumb enough to still tune in and listen to the people who lied to them about inflation oh inflation is just transitory come on after you print 40 of the world's money supply you really think that uh inflation is transitory the us
is in a recession at the moment but it's not allowed to be called a recession well the government's trying to not call it a recession but it's wikipedia article got changed i mean the audacity of it they're even trying to rebrand what a recession means just for their own advantage so you need to understand that the news is controlled by the puppet masters and these are the same puppet masters that you know six months ago were like oh inflation's finally kicking in you should buy assets as a hedge which it basically meant that they wanted
you to get spooked out by inflation even though it's been happening for two years at this point they just only started reporting on it recently and they started to talk about the stuff at the end of 2021 so they could sell their assets to you at all-time highs while they bought it in march april may of 2020 while the whole world was freaking out so if you're sat here wondering what is e-man talking about how am i meant to build generational wealth from this recession i think the issue is you're looking at your life and
you're going ah you know i don't have many things going for me i still live at home with my mom i'm not making good income you're looking at all the things you lack in your life and instead let's focus on your advantages and the things where you have an edge compared to the rest of the planet and the people who are 20 years older than you or the people who are already millionaires because your access to a contrarian view is nothing to scoff at you know your access to a contrarian view is a very big
advantage if you can make most of the first advantage remember the second advantage that you have you know your contributing knowledge you can have as much contrarian knowledge as you want you know you can be smarter than the people who are watching the news but it doesn't matter at the end of the day if the person watching the news is a doctor who makes 800k a year yeah he's being you know fed some bs that isn't actually true and isn't an actual indication of what's going on in the economy and you know you're there on
twitter with basically sort of an ear to the ground of what's actually happening and you know you're all smart and stuff like that but you're still broke you still can't do anything with that knowledge so you need to understand the misinformation that the masses are fed through the news is quite frankly sickening and you have platforms for example like youtube or twitter you know i used to downplay twitter massively i thought twitter was just a place for you know people to commentate on you know trump versus biden and all this crazy basically i just thought
was it for idiots quite frankly boy oh boy was i wrong there are some absolute geniuses on twitter and i've learned a lot from the people who are on twitter there are a lot of very smart minds there there's actually a lot of very smart minds who are also anonymous on twitter and if you watch my channel on youtube you probably also watch the channels of some very other smart people when it comes to finance macroeconomics the things that are going on in real life and this means that you have an advantage of knowing what
to buy when to buy it when to sell etc etc because if you tap into the right sources here on youtube or twitter you'll basically have the playbook to t of what to actually do now the main challenge is actually finding the right resources and you want to focus on people who question their beliefs number one and also the people who have an understanding of the bigger picture what i mean by an understanding of the bigger picture is people who understand everything that went on in 2020 why did it go on why was the world
locked down for something that wasn't very deadly was it for people's best interests or was it for the next step of a certain reset of some sorts wing-wink and this is why i don't trust people who are finance bros because they would look at the world through the lens of just like finance the market is doing this but and they don't understand what is going on in the world why is it going on you know the people for example just like myself who were called conspiracy theorists back in 2020 when we were calling out a
lot of stuff now everything we said basically came true so first of all i want you to learn from people who don't just look at things from the lens of uh technical analysis and the market is doing this i want you to look at people who have a broad understanding of what is actually going on in the world that's number one and also number two people who actually question their beliefs and do that quite often and also play devil's advocate with themselves now you might be wondering where do i find these people go out search
find people you resonate with the two people here on youtube that i'm quite a big fan of number one benjamin cohen he is a genius when it comes to crypto and number two a guy called neil mccoy ward once again he's one of those people similar to myself who is calling out a lot of stuff that's going on in the world right now and he has a very good understanding of sort of the macroeconomic landscape supply chain issues what's really going on in the real estate market et cetera et cetera then when it comes to
twitter from the people i can recommend taylor welch is one of them alex becker he posts a lot of gold on twitter and number three is a guy called ill capo of crypto so those are just a few resources that you can use once you start making money during this recession and you want to invest it and get returns that are outsized compared to most people if you want to use the two biggest advantages that you have right now to build with generational wealth because you need to understand that you are truly living in the
best time possible and let me remind you this is going to be a very very very difficult next few years for a lot of people for the people who don't have the agility and the contrarian knowledge that you and i have it's me a very very very difficult time you need to understand the internet remote work and the democratization of financial knowledge means that the dream is honestly a lot more attainable than it used to be i'm here rooting for you i'm excited for you and i'll catch you in the next video
