In this episode I talk about the recession we find ourselves in, how similar and different it will be to past recessions, how to transition to it, how to prepare for it, and what opportunities it will present to contrarians and those seeking to be unconstrained.
In July 2018, 32% of cable TV subscribers in the USA had cut the cord and left cable. This was due to the excessive pricing model and the free market's supply & demand model by opening up options to Internet subscribers.
The real state of affairs for the USA is dire. The TV news or your politicians won't tell you that, because it is business & political suicide. But the real economic data matters for your daily life and it is the reason you are and will continue to be constrained.
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.