YOUTUBE Before the Market Crashes Watch This VIdeo AdminAugust 2, 2023045 views The market is Going to Crash, I can guarantee it, and this video is a How to guide, to prepare for the market crash. Since 1929 we have seen the Stock Market Crash, Black Monday Crash, Dot Com Bubble, Financial Crisis and lately the Pandemic I remember when I was young my Uncle Super market got burnt Down, “ Before you say, its covered by insurance”, his insurance policy had just finished. And ever since then I remember this quote “ Everyone wants insurance after the Fire, but no wants to pay for it before it “. This Story has a happy ending but I’ll reserve it for another time. As you watch this video Remember, I’m not flashy, I do what works and I keep it moving, that’s why they call me the “Boring Investor”. ????Call Me????: https://bit.ly/30IBr0i ????Second Channel????: https://bit.ly/3c4sVPS ????????????Financial Freedom Course????????????$100 OFF CODE: LONGTERM Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom ????MY M1 FINANCE PORTFOLIO???? PLUS $10 Link: https://m1.finance/37SHd4241z-N Chapters 0:00 Intro 1:29 What to Do Before the Crash 2:41 INVEST FOR THE LONG TERM 7:37 HOW TO PLAY THE GAME 8:39 HAVE A PLAN (That Doesn’t Need to go According to Plan) 10:48 My 5 Investments 12:37 HOW TO APPLY THIS 13:55 HOW MUCH IS ENOUGH? 14:50 Projections and How to Calculate Them 16:46 Compound interest Calculator 18:00 Planning for the Possibilities 19:23 Outro 1. First Lesson: Invest to Stay in the Game not to Get Rich fast taking Crazy Risk You only need Three Things to be a Good investor ( and even the Good ones can be Rich) You Need Time, Patients and Compound Interest Charlie Munger the billionaire once said “ “The first rule of compounding: Never interrupt it unnecessarily.” I’m Going to Share with you Guys the Story of Two Men: Ronald ( Philanthropist ) And Jesse ( the Trader ) – ( true Story by the Way ) One made 100Million Dollars during a Market Crash because he shorted the Market One Went backrupt 3 times and had 3 different Wives One died with 8 Million Dollars One took his Own Life One Donated most of his wealth One Bought a 2 BedRoom for his entire life One Carpooled to worked because he had no Car One only Graduated Highschool and had no degree One Owned at least 95 stocks What Was Ronalds Secret: Time, patients and Compound Interest 2. How Do I Play this Game Wealth is what you don’t see : It’s the things that were never bought, First Class tickets, Foreign Cars, Fancy Wives and especially Fancy Homes A Plan that doesn’t Need to Go as plan to work ( Room For Error ) : the Reason Jesse Went bankrupt a lot of the times, was because everything needed to go as plan for his plan to work ( I can’t even get to work as Plan because traffic ) Tail Events : Understand that only 20% of Events will give you 80% of the results, and you have to take advantage of them So Here is My Personal Plan: Investment Selection: 5 Stock ETFs and Index Funds ( that’s all I invest into ) – Diversification How Much and When do I Invest: I invest 20% of my Income Ever Time I Get Paid ( for me Weekly ) – Dollar Cost Average App I use: M1 Finance for Automation and Portfolio Rebalancing 3. Projections and How to Calculate Them : How Much is Enough To Find out the Enough Number: Add up your Monthly Expenses for the Future and Multiply by 12 months Then Multiply again by 1.20 to give you 20% extra Money incase And then multiple that number by 25 ( that how much you need in a portfolio ) For me its 2k a month, 24k a year, $28,800 for 20% extra and multiplied by 25 is $720,000 * PRO TIP* INFORMATION IS EVERYTHING ????1 on 1 Talk + My Budget + Stock Investments???? https://www.patreon.com/tommybryson ????Merch???? https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ ????M1 FINANCE $10???? https://m1.finance/37SHd4241z-N ????ACORN FREE $5???? Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 ????????????DISCORD PRIVATE GROUP???????????? https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w ????All My Social Media???? Link: https://linktr.ee/tommybryson *Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor. source