#585 - Are We in a Recession? Should We Buy Stock Right Now?

The Tai Lopez Show

We face a very unique situation right now with the current pandemic. Coronavirus/Covid-19 is driving the economy downward drastically and we certainly weren't prepared for it. So with that said, what are you going to do about it in your world? There's a lot of risk but there might be opportunity, too.

"As long as cryptocurrency remains hypothetical, it'll be more volatile." - Tai Lopez

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Points to keep in mind:

• The world order is bound to change in light of today's circumstance.
• You can either freak out, or you can stay calm. What's gonna happen is what's gonna happen.
• Narcissism and Machiavellianism are completely different personalities.
• Always be mindful of both sides of the narrative,
• Cryptocurrency can be a volatile and risky market.
• Your investing should be primarily in things you have control of.
• A key rule of thumb to investing is buy when the market is low; sell when the market is high.
• Live your life with caution, but don't live your life out of fear.
• You should only be putting walls up after an experience. Not before.
• Don't be intimidated by the powers that be, but don't be disrespectful.
• Living a reactionary life means you're never prepared for what's next. Be proactive, not reactive.

"Buy low, sell high." - Tai Lopez

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Summary: In this era, there's a lot of fear and chaos throughout society. Everyone is reacting to things rather than preparing for them. Don't fall into that stream of living.

Live a life of strategy.

"If you always react, you never strategize." - Tai Lopez

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