Back in 2008, we saw the greatest financial collapse in ages. Since that massive hangover, everyone’s waited for the next one to arrive.
Super entrepreneur and influencer Gary Vaynerchuk took to YouTube to list his reasons why one is coming…and coming soon. Here’s what he had to say.
No one knows the exact day, but I can tell you this for sure:
The economy is going to collapse. Maybe not tomorrow, maybe not next year, but we’re not going to live the rest of our lives in a bullish market.
When the economy collapses, here’s what will happen…
He then listed five things.
1. The “Brand” Of Colleges Will Collapse
“I genuinely believe that student loan debt will tear down this economy,” Gary Vee says. “The same thing that happened to the banks in 2008 will happen to colleges during the next recession, and the conversation around colleges will change.”
2. Companies Will Be Forced To Be Smarter About How They Spend Their Money
Right now companies can test, try and explore tons of different ways to market.
“But when the economy melts, big businesses will fold because they’re overleveraged,” so sayeth the Vee. “And the ones that hang on will get their marketing budgets cut massively.”
So if you don’t know how to get lean, you’ll get eaten alive once the next recession hits.
3. Sales Will Go Down
This one’s fairly obvious. If the economy is down, that trickles down to your business. Alas.
4. Entrepreneurship Won’t Be Put On A Pedestal
Right now, the market is ripe for entrepreneurship. Lots of C-players are winning when they shouldn’t be, he says.
“When the world melts, people will get much more practical about how they live their lives, and entrepreneurship will be recognized as something hard. Not something that anyone can do.”
5. People Will Get Happier
These days, everybody’s trying to stunt for the ‘Gram, living fake lives.
“When there’s a correction,” he says, “everyone is going to get back to the right mental place and do what they actually love to do instead of chasing a fake lifestyle.”
This Millennial Makes 6 Figures From Selling Other Peoples Stuff
Check out how this 32-year-old, Mark Meyer, started his business with a $400 loan. He is now making six figures, by selling other peoples items on Ebay and Amazon. He mostly gets his inventory from police auctions, liquidations and abandoned storage sales.
How Dwayne Johnson Became The Biggest Box Office Draw In History
Dwayne Johnson’s earnings haul has been nothing short of scintillating. In 1998, at 26, he became the then-youngest WWE champion of all time.
Fast forward 20 years later, Dwayne Johnson’s wrestled his way to top of Hollywood’s food chain: For one, he’s the world’s highest paid actor. And he recently became the biggest draw in Hollywood history.
Johnson climbed the Forbes’ rankings to clinch the top spot as the world’s biggest star, trumping fellow actors like George Clooney and Robert Downey Jr.
Wow unexpected news.
I don’t have a Harvard MBA, but my business philosophy has been sharpened over time and thru failure. I have one boss I serve and connect with – the world and the people in it. I’m the dude who started w/ $7bucks. I’m awestruck ($124M) grateful & hungry. https://t.co/0VWSn5YU6N
— Dwayne Johnson (@TheRock) July 17, 2018
The Rock’s scripted a superstar success story when it comes to entrepreneurship. After launching his production house with ex-wife, Dwayne soon expanded its operations to cover content strategy for social media platforms.
This big move helped them increase their global footprint.
Several endorsements, WWE stints and numerous action films later, Johnson now commands earnings of eight figures for films and shows. And his journey has only got more exciting by the day.
Happy to share a lil’ insight from an invaluable mentor and friend, Bob Iger. CEO of one of the most trusted and beloved brands the world has ever known. Building a global brand takes time.10, 20, 30 years.. even more. Sure it takes relentless hard work, passion & vision, but the main thing it takes is TRUST. Building that trust with your audience where they know and believe that you’ll always do your best to deliver a fun, memorable EXPERIENCE. And like any successful relationship, it takes years to build up and you always gotta take care of it with your own two hands. #TimeAndTrust 🌎
Posted by Dwayne The Rock Johnson on Friday, July 20, 2018
VIDEO: How NBA Star Stephen Curry Is Churning Money Off The Court
NBA’s ace athlete, Stephen Curry, is sitting pretty on a net worth that’s over $90M. Apart from playing for the Golden State Warriors, Curry is an investor and entrepreneur, and very recently turned executive producer, with his feature film, “Breakthrough,” slated for release on April 12, 2019.
Here’s how he makes his millions.