Spoke to an audience of 400+ today about podcasting & brand building, had to share the experience w/ my baby girl.
Appreciate my bro @donovanruffin for allowing me to bless the stage
If you ever over looked the statement “cash is trash”, listen up.
Imagine if you had $200,000 USD in the bank that collapsed, and the government bailed you out.
You get your cash back right? No big deal.
But now that cash is destroyed due to inflation, because the gov went to the printer to pay you back. In fact, not only is your money destroyed, but so is everyone elses!
Now the cash you have is worth less.
Inflation now is 7% which means if you had 200k cash in the bank for a year, its worth 186k the following year in basic terms.
Or in spending terms EVERYTHING becomes 7% more expensive to purchase.
What if inflation was 30% would you then pay attention? That same 200k is worth 140k you lose 60k.
I get it. You pay taxes like me and you’re used to getting robbed for 30% every year.
But what about 100% inflation?
You have 200k in the bank and now its worth 0$. You even have the real paper Benjamin’s in a mattress!
You cant buy anything with it! And its heavy to carry around.
So what do you mean i cant buy anything? It means you cant buy a SINGLE slice of bread with $200k large benjis!!
Insane to comprehend.
I have took many trips to different parts of the world, some countries like Bali, Indonesia where a single bill has 15,000 Rupiah on it.
Looking at a general photograph of the bill or maybe holding it for the first time makes you think MAN IM RICH!
The reality of it, you only have $1 USD and cant even buy a bottled water.
Im not a gene and telling you that this exact scenario will happen this year. But what i can tell you, its happening regardless of this “recession”.
Look at the cost of something 50 years ago. Inflation is just part of history (normalized). World wide.
Especially if more banks collapse. I mean what risk is there to a bank that gets bailed out, when they have a 100% guarantee with the US gov?
So what is the solution for you and I?
Park your money in assets that you can eventually re-sell.
Things like gold, silver, & of course Real Estate.
200k cash is worth 186k 7% with inflation.
200k in ASSETS is worth 214k with inflation.
See in this example, NOBODY wins. One loser, and one stays the SAME.
So how do you win in a bear market?
Real skill sets, and park your money in REAL ASSETS!
It’s going down, April 22nd & 23rd I’ll be on stage at my bro @donovanruffin "No Limit" Conference in Dallas, TX!!
Get your tickets at https://t.co/Kxari77I1P and use my Discount Code (Xavier10) for 10% off 🔥🙌🏾 let’s get it. See y’all there