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4 Reasons The Corona Virus Could Make You Very Wealthy, Very Quickly

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“Those who remain calm in the eye of the storm are those who stand tall when the smoke clears.” — Myself.

“The time to buy is when there’s blood in the streets.” — Not myself, but Baron Rothschild.

Yes, it’s all over the news. It’s here so we might as well make the best of it. And the best part of all?

It’s the best time to be a resourceful entrepreneur. Like the good Baron says, when there’s blood in the streets, is the time to get down. 

I wrote a story awhile ago on BiggerPockets, based on a coffee chat with super entrepreneur Neil Patel, basically outlining why mass scares are gold rushes. 

Here are three ways this “COVID-19 pandemic” are creating mass opportunities to get ahead in the game. Especially as it pertains to real estate (which never will go out of style), stocks, and just opportunity, period.

1. Stocks are plunging for no other reason than panic

The world is pausing right now. Shutdowns everywhere. Stocks, with solid fundamentals, are plunging into the abyss with no end in sight. 

Per the New York Times, the airline industry alone is seeking more than $50B in grants, loans and tax relief from Washington.

So what does that mean? Well, it means that you can pick up stocks for pennies on the dollar. And when the dust settles and life goes back to normal (trust me, it will), you will have INSTANT gains.

If you’re looking for a place to look, CNBC’s stock expert Jim Cramer picked out 10 strong tech stocks to look into (Shopify and Square were two; not bad ideas) where the fundamentals are robust but value plunged for no other reason than…you know. 

2. Interest rates just dropped to (near) zero…

In Europe, negative interest rates have been a thing for quite a while with outrageous mortgage rates in the 0.5% range. 

Now, because of all this chaos, the Federal Reserve took emergency action, cutting interest rates suddenly and dramatically to close to 0%. 

The move was done in a reactive attempt to try to offset the impact of the coronavirus outbreak and stimulate some spending action.

So what does that mean? Well, it means that if you own real estate, assets, anything, you can refinance and cash out. 

In even more layman’s terms. If you have a mortgage at 4%. Cut that bad boy to whatever low ish they’ll give you, save that extra.

Or even better, refinance your property. Let’s say you owe $300K on your $500K property. With interest rates down, refi at $350K, pocket the $50K and launch your business idea. 

(And don’t forget about all the tax benefits that await on the other side.)

3. People are going to get tired of each other

According to Forbes, divorce rates go up when the economy goes down, with economic uncertainty putting a strain on once-happy homes. 

These quarantines are forcing people to be with their spouses, which leads to either one of two things: family additions or family reductions.

“Scary times have the potential to drive people together or apart,” Pepper Schwartz, a psychology professor at the University of Washington, told Quartz in an email.

And when couples split, the assets have to be divided evenly, opening up opportunities for shrewd investors.

See where I’m going with this? Yes, we must prepare for the strain. But also prepare for the opportunity. 

4. People are sitting at home, BORED

So what does this mean? Well, it means that no sports are on, no entertainment options, reducing attention to Netflix and social media. 

That also means that NOW is the perfect time to start blogging, posting stuff on social, testing out your new business idea. Launch a #corona drop-shipping clothing line on Shopify.

Whatever it is, hit ‘em with the Nike (#justdoit) and do something. The majority of people are at home going crazy, trying to figure out what to do. 

Take advantage. And let’s face it. Do you really want to be this exposed to a crisis in the future? If you have your own business, you wouldn’t have to worry about your job shutting down…

Wealth Hacks

3 Gold Mining Stocks To Buy Today 📲

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In times of economic uncertainty, gold has long been a reliable investment option for those looking to hedge against inflation and volatility.

If you’re looking to invest in the production of gold, as well as gold itself, here are three stocks you can buy inside the NYCE app today.

1. Barrick Gold Corporation (GOLD)

Barrick Gold Corporation is one of the largest gold mining companies in the world with operations in North America, South America, Africa, and Australia.

Performance: Barrick Gold Corporation has experienced steady growth in the past decade, with its stock price increasing by 31% from 2010 to 2020.

Known for: Barrick Gold Corporation is a leader in responsible mining practices, and is committed to environmental sustainability and social responsibility.

NYCE APP CTA:

2. Newmont Corporation (NEM)

Newmont Corporation is one of the world’s leading gold mining companies with operations in North America, South America, Australia, and Africa.

Performance: Newmont Corporation has experienced significant growth in the past decade, with its stock price increasing by 184% from 2010 to 2020.

Known for: Newmont Corporation has a strong track record of responsible mining, and has been recognized as a leader in environmental stewardship and social responsibility.

3. Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation is a royalty and streaming company that provides financing to gold mining companies in exchange for a share of their future production.

Performance: Franco-Nevada Corporation has experienced substantial growth in the past decade, with its stock price increasing by 780% from 2010 to 2020.

Known for: Franco-Nevada Corporation offers investors exposure to the gold industry without the risks associated with mining operations, making it a popular choice among risk-averse investors.

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Wealth Hacks

From Pet Rocks to Potato Parcels: 5 Crazy Ideas That Made Millions Online

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From selling cookies on the streets of New York to sending personalized messages on potatoes, these five entrepreneurs turned their unconventional ideas into multi-million dollar businesse

  1. “How a High School Dropout Made $10 Million Playing Video Games Online”

This story is about Matthew Haag, also known as Nadeshot.

Nadeshot. 🤨

He dropped out of high school to pursue a career in gaming and became a professional gamer. He has since won multiple championships and has a large following on social media.

  1. “Meet the Teen Who Turned His Hobby into a $1 Million E-Commerce Business”

This story is about Cory Nieves, also known as Mr. Cory.

Mr. Cory started a cookie business at the age of six, selling cookies on the streets of New York.

He eventually turned his hobby into a successful e-commerce business, selling cookies online and in stores.

He has been featured on various media outlets and has even baked cookies for Oprah Winfrey.

  1. “The Surprising Story of the Stay-at-Home Mom Who Made $100K in One Year Blogging About Knitting”

This story is about Sarah Corey, who started a knitting blog called “My Simple Knitting” while staying at home to raise her children.

Her blog became popular and she eventually started selling knitting patterns and products.

She made over $100K in one year from her blog and has since turned her passion for knitting into a successful business.

  1. “How One Man’s Love for Potatoes Turned into a $5 Million Online Business”

This story is about Alex Craig, who started a website called Potato Parcel where he would send personalized messages on potatoes.

His business gained popularity and he has since expanded into other products, such as potato socks and potato candles.

He has been featured on various media outlets and his business has grown to make millions of dollars in revenue.

  1. “Pet Rock Creator Gary Dahl Turned a Silly Idea into a Million-Dollar Business”

This story is about Gary Dahl, who famously created and marketed Pet Rocks in the 1970s.

Despite being a seemingly ridiculous idea, the Pet Rock became a massive success, with Dahl selling millions of Pet Rocks and becoming a millionaire in the process.

READ: How This 9-5’er Made Millions Selling Free Rocks In His Spare Time

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Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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