Exchange Creates Wealth

Stop that exchange and things will get really bad... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ What if more people got scared to spend money because they were thinking, “I got to hold onto it because we’re going into this bigger economic winter?" We are going to a bigger winter, but you can react differently to it. If you react in fear and scarcity, the next thing you know when you stop spending money, those companies and those people stop getting paid, and layoffs happen. When those people stop getting paid, they stop spending money and then you get laid off. That’s why they say the difference between a recession and a depression is in a recession, your neighbor gets laid off, and depression, you get laid off. I believe that the Feds are probably going to overreact. They’re going to over-respond. Inflation is going to be more persistent than people think. I’ve been seeing this since last year when people said, “Rates will go down in 2023.” I said, bull. Guess what? They’re now saying, “They’re going to stay high and even stay very high into 2025.” This is the time to prepare for the economic winter. This doesn’t mean that you don’t invest and that all of a sudden you stop everything in your life. DON'T hoard up, board up all the windows, and hide away. You don’t have to go into a bunker. But, you might want to consider the following: Have 6 to 12 months of expenses in savings at all times. This is the "what if" money that you do not touch for investing or day-to-day bills. Try and pay down or completely off your consumer debt. I am talking high interest credit cards and personal loans. Prepare when you don't need to prepare. Banks don't loan to desperate people, they loan to those who don't need the loan. I know I promised a less "doom and gloom" email for today in yesterday's email, but this one also became a bit of a downer... The upside here is we can create a strategy to get through this winter and be better on the other side of it. Want to learn how? Hit reply and lets talk. Stay tuned for tomorrow - I will be talking about a way to make those 12 months of reserves do more than just sit in a 0.01% interest savings account. Pretty cool strategy for you! Talk soon! Chris [CASHFLOW CALCULATOR]( [INFINITE BANKING]( [CASHFLOW CONSULTING]( [Facebook]( [Instagram]( [Youtube]( Sent to: {EMAIL} [Unsubscribe]( Money Ripples, 224 S Main St #147 , Springville, Utah 84663, United States