This conversation must be had so you don’t lose your mind, sell everything, and become poor long term.
When stock market crashes happen, the crazies come out.
A few family friends are in this dystopian band of uglies. Soon as we go out for dinner, they’re spewing garbage.
When the stock market goes down they get extra psycho.
“You must own gold.”
“Those cryptos are going to zero, I tell ya.”
It’s a giant pain in the ass.
Now that we’ve hit a speed bump in all financial markets, this conversation needs to be had so you don’t lose your mind, sell everything, and become poor over the long run.
The reason the dystopians call for the end of financial markets and a crash bigger than the Great Depression is simple.
They have zero financial education. Harsh yet true.
This is their favorite time in their lives. It comes once every 5-7 years. Although this time we’re long overdue.
They start with “I told you so.” The thing is, anyone can be right about crashes in financial markets if they repeat the same message for long enough.
They’re supposed to happen. Why?
Recessions do the following:
- They kill arrogance and inflated egos
- They remove risk from the economy
- They bankrupt businesses that are inefficient and need to die
- They send fake entrepreneurs back to 9–5 jobs
- Most importantly: they allow for the next phase of growth
The crazies will have you believe a recession is a sign they’re right. Nope. It’s a sign they’re wrong. It’s…
