How to Create Wealth In This Economy By Watching The News!
I recently attended a Danny Johnson seminar; Danny Johnson said something that really set me apart. What he said in a statement really hit me deeply. Danny Johnson isn't the first to say this, and he won't be the last. But it made me fully understand financial options in a new and exciting way. I realized that because of that single director, I was more successful than anything else.
What Danny Johnson said Saturday afternoon was, "Understand what other people are doing and do the opposite if you want to increase your income." Now I'm going to give you 3 examples of how that simple statement became a powerful strategy for Dawn and I didn't even realize it.
It started one day by just looking at the news. I had taken some money as a recruiting bonus when I was in the Air Force and he was in the bank. It was in the 90s and the dotcom bubble burst and stocks fell and while on the news everyone was talking about how bad the economy was and this was not the time to get into the stock market. Well, at this point, watching the news for several days in a row, I told my wife that the stock market would be a good investment if the economy didn't collapse completely, which I don't believe. Since I didn't know much about stocks, I decided to invest my money in the SP 500 Index Fund. Of course, everyone I knew at the time warned me that they were all taking money from the market. After about 4 years when the market returned, we doubled our investment.
We then moved to Eglin Air Force Base in Fort Walton Beach, Florida, and while I was living there I saw news and reports about the real estate market. Interest rates are always low, and the report tells anyone buying a home that it's a good time to sell. A seed was planted in me. If everyone wants to sell, it's time to buy... if for no other reason, there are plenty of options. I don't know what will happen. We bought 3 properties in no time. It suddenly went crazy and we were in a real estate bubble at its peak. People list homes and sell them within hours. Every night on the news we hear that this is a buyer's market with low interest rates. Something tells me this is really a sellers market because with so many buyers the seller gets the best dollar for his property.
When Danny Johnson told me to do the exact opposite of what everyone else was doing, he literally beat me in two of our most favorable moments in the shortest amount of time we've ever encountered, the exact opposite of what they did Night owl reports. It reminded me of a recent interview I did with an associate producer at CBS's Eye on America. The Lord asked me where we could make so much money working from home, which we are doing now that I am out of the Air Force.
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