It Will Be The Best of Times & The Worst of Times
Today's top financial advisors and spiritual leaders are warning of a future economic storm.
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Inflation highest in 40 years.
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U.S. debt - $33 trillion; larger than the nation's gross domestic product ($26 trillion)
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Soaring rental and housing costs; average national mortgage is $2,317 a month
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Increasing unemployment: Amazon, Google, Microsoft and other Tech Companies laid off over ,000 104,000 employees in past year
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U.S. dollar devaluing; Russia, China, India and other nations are dropping U.S. dollar
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Millionaires Are Made During Hard Times
During turbulent times there are those who sink and those who prosper. While some are scrambling, others are seizing opportunities. The difference?
The Prepared vs. The Unprepared​
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Those who prosper heed the warning signs of the coming storm, put anchors down to weather it, and then at the first sign of daybreak are ready to set sail.
Images from the Great Depression
At a time when inflation was skyrocketing, banks were collapsing and many families were going under due to increasing poverty; at least seven "billion-dollar" families started their businesses during the Great Depression.
So how did they do it?
These visionaries saw a problem and became the solution.
Moving to Florida with $9 in his pocket and getting a job at Piggly Wiggly as a broom pusher and store clerk; George Jenkins would use this knowledge in the grocery industry to start Publix Super Markets in 1930. Today, having grown to over 1,200 stores nationwide, his family has amassed over $8 billion in wealth.
Another family who saw an opportunity from a problem was a husband and wife team, O.D. and Ruth McKee. They started out selling five-cent cakes out of their car, and eventually bought a bakery which became known for their Little Debbie cream pies. Their descendants are now worth $1.5 billion.
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J.R. Simplot, an eighth-grade drop out, bought an Idaho potato farm in 1929. Whatever his family didn't sell, his family ate. Later on he would invent the frozen french-fry process; eventually supplying a third of the nation's french fries, including McDonalds. Today it's a $6 billion business.
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What did all these visionaries have in common? They were ahead of the curve.
They saw a coming storm and made a plan, and they not only survived the storm, but they thrived and helped people in the crisis.
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The question is: Are you prepared for the upcoming economic storm?