
Business Bros Business Bros – Episode 67 – How to Win When the Economy Tanks
Oct 22, 2018
30:38
In this episode we talk about what happens when the economy crashes. People turn to education and try to make moves when it is to late. What do you do when you lose your job or have a financial disaster? Are you prepared? Be sure to join the conversation and let us know how you prepare for the unexpected. You can follow us on Facebook @SiasFirst or on Twitter @BusinessBrosPod and be wure to schedule your free coaching call on our website www.SiasFirst.com. Music by www.bensound.com
When the economy tanks, education wins.
People are comfortable and conform
Markets are good
9-year bull market, especially 2017
Confidence at all-time high (Volatility Index all-time low)
Then something changes
Job loss, change in economy, divorce
They look for something in the same field
Unsuccessfully
They seek new skills
Online Colleges & JC’s
Degree path is expensive & time consuming with no guarantee of success finding full employment in that field
Professional Licenses (Real Estate, Insurance, etc.)
Quick certification time (relatively)
Fixed cost for prelicensing
Potential for high income
Assuming you have the skills to succeed
Drive is not enough for the long term
This is where many of you are today.
MCC - learn the skills!
Back to the changing market
Many of you would rather run to a new profession or hide during the downturn than to learn the skills needed to weather the storm.
Schools love you for that.
Uncle Sam’s fed loans love you too
