How to Thrive in Any Economy
March 14, 2022
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Penelope Jane Smith Episodes Around March 14, 2022
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13:24Now PlayingHow to Thrive in Any Economy
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In this video, you’ll discover 3 keys for how to thrive in any economy.
Each person has their own personal economy that may or may not have anything to do with the economy at large.
The #1 mindset shift for how to thrive in any economy is that even though there are always going to be social-economic factors that are outside of your control, you can always focus on what you DO have some control of, which is your own personal economy.
How can you create your own personal economy of abundance?
It helps to think about how a human body works.
Each person has a certain amount of blood, and we’re healthiest when our blood is circulating well. When our circulation is blocked, we have health problems.
Key #1 TAP INTO THE FLOW
Even if money isn’t circulating well in the economy at large, it’s still there, flowing all around you.
So you want to give that money a way to flow from the economy at large into your personal economy.
Imagine yourself standing on the banks of a beautiful river, where the flowing water represents money.
A lot of people just stay standing on the bank when all they have to do is step into the flow.
Key #2 BUY ASSETS
Once you have money flowing into your personal economy, allocate some of that income into buying assets that will get your money growing FOR you and give you PASSIVE income, which is income that continues to come in whether you’re working, sleeping or playing.
Because while you can tap into the flow anytime you want by providing value to the marketplace, the more PASSIVE income you have coming in, the less you have to rely on your business, a job, the government, a partner or anyone else for money.
In terms of how to invest in any economy, the most important thing is your investment strategy, which means having a clear plan, based on real data, for protecting and growing your money.
If you don’t have a clear investment strategy, then investing is really scary, and if the stock market goes down, for example, you might totally freak out.
This is beyond the scope of this video, but we go into great detail around investment strategy at Financial Freedom 101.
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Key #3 RE-CIRCULATE
Next, you want to re-circulate some of the money by spending consciously and giving back.
That doesn’t mean that you have to spend every dollar that comes into your personal economy. You want to save and invest some of it, too.
However, when you hold on too tightly, you can actually be blocking your own flow as well as the flow in the larger economy.
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