The Jiu Jitsu Of Life Podcast
Episode 193
As you get older you begin to see patterns in life. Looking at the current situation the world is in right now, Carter and Mo can see the signs that we are heading towards a recession.
• Taking routine for granted (00:00)
• Not feeling older but being older (01:48)
• You have to accept that life will get in the way and react to that (06:10)
• We are in the beginnings of a recession (07:17)
• It’s already harder to get loans from banks (11:02)
• Why Lenders are being more strindent about lending money (14:21)
• Interest rates will go up and peoples income will go down (15:26)
• Carter thinks about the opportunities there might become available (17:45)
• What the end of cheap money will bring (19:32)
• This is the one time where you will want to accumulate cash to buy assets at discounted prices (21:08)
• (24:03)
• Observing people make the same mistalkes that were made in 2007/2008 (25:27)
• Leverage works both ways (28:10)
• Are we in a bubble? (28:39)
• people get used to anything including the idea of property raising in value and interest rates being low (29:50)
• There are more opportunities in a bad economy than in a good economy(31:48)
• Being older lets you see the patterns and opportunities in this current situation (32:41)
• Older jiu-jitsu practitioners use their wisdom and experience to be more efficient with their movements (35:25)
• Have more cash than you do leverage (39:06)