Have you geared up for the recession? So many people plan for everything except this. Our guest’s market performance remained neutral despite low market performance.
In this episode, I’ve invited Terry Tran of the freedomtrader.com to show us how we can spot, deal with and learn from previous recessions.
In this episode we discuss:
- [02:14] Updates on Terry’s life from the finance perspective.
- [03:29] Setting yourself up to be ready for a crisis.
- [04:42] Lessons to focus on from downturns.
- [07:43] Getting yourself ready after a downturn.
- [08:48] Knowing when to get back into the market.
- [09:30] 5 main key courses of a recession.
- [12:34] What people should be doing in the next 2 months.
- [14:25] Common mistakes people make during a crisis.
- [15:41] Things that have surprised him in the coronavirus situation.
- [17:37] The importance of creating wealth outside your business.
- [20:06] What surprises him at the moment.
- [21:50] Managing your emotional state when managing volatility.
- [23:58] Things business and practice owners should be thinking about.
Find out more
- The Freedom Trader
- Free: COVID Care Pack for Dental Practice Owners
- Scaling Summit
- Savvy Dentist Website
- Savvy Dentist Academy
- Savvy Dentist: Earn More, Work Less Video Series: 20 Pro Tips Created To Help You Power Up Your Practice’s Performance
- Dr Jesse Green Dentist Only Facebook Group
- Dr Jesse Green Podcast
- Savvy Dentist App on the App Store
- Savvy Dentist App on Google Play Store
- Savvy Dentist Facebook Group