GREAT DEPRESSION AND RECESSION, PERSONAL FINANCE

Financial Collapse: Boomers Beware Of Another Depression

Financial Collapse
Financial Collapse: Boomers Beware Of Another Depression

To Be A Master Of Your Rural Money, You Need To Be Financially Intelligent!

We had a big financial collapse in 2000 and then in 2008, which caught millions of baby boomer seniors in rural areas off guard.

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Financial market gurus are predicting another full-blown financial collapse as just a matter of time.

And it’s going to be the biggest of all.

Even President Trump said, “The global economy is an enormous credit bubble.”

Moreover, the economy was re-inflated after 2008 by historic low interest rates and quantitative easing.

Once it pops, the world could be plunged into a new Great Depression.

While I don’t know when it will happen, it will devastate baby boomers.

It will be like an avalanche.

What Are The Signs Of A Financial Collapse?

The Wall Street foreshocks are sounding right now.

The market is having continuous substantial sell-offs and its experiencing major swings.

Yes, a depression is coming.

The world is waking up to this fact.

The good news is that in every crisis there is also opportunity.

Savvy seniors know that the greatest opportunities to invest occur when things are at their worst.

The ultra-rich know that and have always profited from the market’s swings.

Financial experts tout that this coming depression will be the biggest wealth transfer in history (or the biggest lost).

That remains to be seen.

I’m not optimistic this time around that the average senior will make even more money when the next economic crisis comes.

However, many investors make most of their money when the markets crash.

I made a lot of money in the sub-prime crash, for example.

I got great bargains in Real Estate.

But unfortunately for most, those who are not prepared will not fare quite as well.

By planning ahead of time, you don’t have to be one of them.

Don’t just learn how to recognize a looming crisis but, more importantly, how you can make money from it.

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In order to do that, you must be financially educated.

You must first stop gambling with your future.

I’m talking specifically about the passive strategy of “buy, hold and pray” almost guarantees you’ll lose money.

It gives you no control over the outcome of your investments.

One of the reasons people do not become financially free is because most of them are focusing on capital gains rather than cash flow.

Chasing capital gains alone is gambling—not investing.

When you invest for cash flow, you’re investing in a money-back guarantee.

Sample Cash Flow Investments:

  • Real Estate Leasing/Rentals
  • Group Homes
  • Intellectual Property
  • Stocks/Bonds

If you invest for capital gains, you invest in hope.

The biggest thief of all is hope.

One of the reasons I started RuralMoney.com is to teach people in rural areas about having enough cash flow coming in.

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It may not be much in the beginning, but increasing your income streams and reducing monthly expenses is how to avoid a financial crisis.

Cash flow means passive income and that means one thing to anyone: FINANCIAL FREEDOM.

  • Do what you want, whether it’s to have a life of leisure or pursue a new business adventure.
  • Be with the people you choose.
  • Set the schedule you want because your time is truly your time.

Rural seniors number one goal is to always have more cash flow coming in than going out for your expenses.

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When you do that, you’re financially free.

Make Assets Work For You

Instead of you working for money (with a job) let your cash flow investments and capital gains work for you.

For example, capital gains are when you buy a stock for a dollar and it goes up to $10, so you make $9 a share.

Or, you buy a house for $100,000 and it appreciates to $150,000.

You sell it and make $50,000.

Don’t get me wrong; these are some of my strategies.

However, most retirement plans are based on these hopes and promises stretched over many years.

The problem is hoping the money you expect will be there at age 65.

After the 2008 financial collapse, you, too, should be convinced that that these types of investments are anything but guaranteed.

Where’s The Proof?

Over a decade ago, American’s 401(k)s and IRAs lost about $2.4 trillion in the final two quarters of 2008 (look it up).

Homeowners lost a cumulative $3.3 trillion in home equity, which is why your house is not an asset.

It is in my humble opinion, a worthwhile liability.

Don’t be a victim of the coming financial collapse.

Rural Money Is A Powerful Force Against A Financial Collapse

To be a master of your rural money, you need to be financially intelligent.

It all starts with basic financial education.

You must understand how to make the wealth-stealing forces of taxes, inflation, debt and retirement work for you and not against you.

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In order to be financially free, you must pay yourself first.

By this, I simply mean using your income to invest in cash-flowing assets before you pay your bills or buy anything fun.

This in turn will create more income that you can use to invest in more, cash-flowing assets.

Do that and you’ll have more money than you need.

More than that, you will avoid another financial collapse and depression because cash flow will help you find strategies to make assets work for you.