Manage episode 261807087 series 2516289
The world is on the cusp of an economic downturn, but we have to remember that this is not the first time we’ve experienced a market shift, and it certainly won’t be the last time we’ll find ourselves in this place. Economic cycles are inevitable, so instead of panicking during this period, we need to find ways to adapt.
How can we make the most of this period, and what are the hurdles if we’ve been using other people’s money? Is it possible to maintain our ethics in the wake of this force majeure?
These obstacles are an unavoidable fact of life, and we have to remember that what doesn’t kill us makes us stronger.
In this episode, co-owner of High Return Real Estate, LLC, Jack Gibson shares how to survive and thrive in an economic crisis.
Three Things You’ll Learn In This Episode
- Why we need a backup plan when using other people’s money
As investors we have to uphold our ethics and protect our private lenders, even if it means digging into our own pockets in times of disaster.
- How adapting to change makes our success inevitable
The entrepreneurs who find ways to adapt now will be the ones who make it in the future.
- The critical choice we need to make at a time like this
Decide whether the global pandemic is an obstacle or an opportunity. There’s no right or wrong answer, but our decision will determine our future.
Jack Gibson is the co-owner of High Return Real Estate, LLC. He is also the co-host of The High Return Real Estate Show podcast. Jack is passionate about the opportunities offered by real estate investing, and today he dedicates his time to mentoring other entrepreneurs, building his real estate investment portfolio and helping other investors build a brighter future through passive real estate income.
To find out more about Jack and High Return Real Estate, head to: Highreturnrealestate.com