YTread Logo
YTread Logo

People Are Becoming Millionaires During This Economic Collapse…Here’s How

Apr 04, 2020
During

this

economic

collapse

we have seen

people

lose their businesses, their jobs and even their life savings. In fact, since the crash began just a few weeks ago, searches for unemployment claims on Google have increased approximately four thousand seven hundred percent and just last week six point six, five million

people

in the United States filed for unemployment, that That's about two percent of the total U.S. population that filed for unemployment in a week, and to put that in perspective, only about one hundred and fifty-five million people are in the workforce in the United States. The United States means that last week alone the unemployment rate will increase by approximately four point two percent,

this

means that we are probably already above the unemployment levels of the worst parts of the 2008 financial crisis, but despite all this pessimism , t

here

have been some people. who have been able to take advantage of this situation, in fact, many

millionaires

, billionaires and even billionaires could be being born in front of our very eyes, so who are these people?
people are becoming millionaires during this economic collapse here s how
Could you do something right now to help strengthen your financial future? Well let's get started. We wonder why some companies boom during a crisis. A perfect example of this is actually McDonald's during the financial crisis of 2008. You see it during those years of 2008 and 2009 when companies were collapsing. Unemployment was approaching 10% and millions of people were losing their jobs McDonald's actually saw an increase in revenue and profits of about four point five percent per year, so why did this happen? Think about it, when millions of people see their income drastically reduced, they look for ways to cut costs in order to survive one of which is food and in 2008 McDonald's had a pretty long list of items on their dollar menu, meaning that in In many cases it was cheaper for the family to go buy food from McDonald's for only a few dollars than to get fresh food. of a grocery store and this is just one example of a business that was in the right place at the right time that took advantage of a recession today is a completely different economy than it was 12 years ago in 2008 only about 22% of the world was regularly on the Internet, while around 60% of people in the world today are regularly on the Internet and this gigantic shift towards the Internet has led to an explosion of online industries such as e-commerce and social media and that brings us to The first business that has been going through a boom recently and is the business of online content creators due to global lockdowns, more and more people are forced to stay home and try to entertain themselves, so many of these people They are turning to platforms like Netflix, Disney Plus, YouTube. and other streaming services to kill time and the results so far have been amazing.
people are becoming millionaires during this economic collapse here s how

More Interesting Facts About,

people are becoming millionaires during this economic collapse here s how...

A recent Nielsen report showed that streaming on these platforms has increased more than 22% since lockdowns were implemented and that's one of the reasons why content creators like I and many other influencers have seen increases substantial increases in subscriber numbers and revenue during this time, unlike many other companies that are experiencing declines across the board. In fact, t

here

are some genres of content creation online that are seeing 50 percent to one hundred percent. or even up to a 500 percent increase in revenue since the lockdowns and YouTube has said that those videos are the ones that generally come in the genres of home meditation, cooking, home workouts and DIY videos, so this is largely content related to things that people can do at home and, depending on the Creator, this could mean a few hundred additional dollars a month or tens of thousands of dollars in additional income per month and, from all the industries I mentioned in this video, I can guarantee you that this crisis will create more wealth in the social media space than in most other industries and what is crazy is that there has been such an influx of online audience that online video companies Biggers like Amazon, YouTube, Netflix and Disney have agreed to reduce bitrates. on their platforms to make sure their websites and apps don't slow down or now another industry that has seen a massive boom in the last few weeks is the gaming industry, similar to my online video content, it is taking off, people are a lot at home. more now and are looking for ways to entertain themselves, so what better way to do so than to immerse yourself in a video game.
people are becoming millionaires during this economic collapse here s how
Recently, Verizon CEO Hans Vest Berg made a statement saying that gaming traffic on Verizon's network has increased about 75 percent over the last three. weeks, so in the last three weeks this crisis has single-handedly launched the careers of many smaller independent game studios and we have seen this in places like Steam, which is arguably the largest video game marketplace on the internet, has destroyed Your day. user record twice in the last three weeks alone before the pandemic team's all-time user record was 18.8 million users, then on March 15, they set a new record of 20.3 million users and recently exceeded 23.8 million. users, so right now there are millions more gamers in this single market who are buying and downloading more games than just four weeks ago.
people are becoming millionaires during this economic collapse here s how
This rise in the popularity of video games has caused other companies to also ride the wave of esports and video games. Also during this crisis, for example, ESPN has recently made a massive shift towards streaming esports content, for example, they announced that they will begin broadcasting a live stream where NBA players will compete in an NBA 2k 20 tournament in live where the grand prize will be 100 thousand dollars and this will not be broadcast on ESPN six or seven, this will be broadcast on ESPN and espn2 in prime time from 7:00 p.m. space that is usually reserved for the biggest sporting event of the night, what a crazy time we are living in right now, as you may have heard in my previous videos, one of the industries most affected by this crisis has been the restaurant industry, this is because to the fact that although many restaurants still remain open, they can no longer allow people to sit in their restaurants because it is considered too large a public gathering, so many restaurants have had to adapt to this crisis by using a home delivery and this is a smart solution. idea because just by looking at Google Trends you can see that the term delivery has seen an unprecedented increase in recent weeks, while the term restaurant has seen a massive

collapse

;
In fact, the delivery business has seen such an increase that delivery companies are among the only companies in the world looking to hire more employees right now and expand. Some examples of this are Instacart, which is looking to hire 300,000 drivers in the next three months. There are also pizza companies like Pizza Hut and Papa John's looking to hire dozens. of thousands of delivery drivers and, of course, there is Amazon, which is looking to hire 100,000 warehouse workers and drivers over the next few months. While doing research for this video, I was looking at what these industries have, like social media gaming and delivery.
One of them in common is that these are, coincidentally, the industries that I have been heavily involved in for the last four years, as many of you long-time subscribers will have noticed, so fortunately times have been Pretty good for me recently, which is a strange feeling. Considering that I personally know a lot of people who are struggling right now, but the other thing is that all of these industries are Internet-based industries that have been growing at a rate of at least 25 percent annually for the last decade, even before this pandemic. started and that's why what I think this crisis is really doing is accelerating the efficiency of the Amazon economy.
What I mean by this is that even when life returns to normal, there will likely still be a giant portion of the population who will never return to retail stores, from now on they will only order delivery and we will see more content from online video and we will play more video games than before and what this means is that, unfortunately, many brick-and-mortar business owners will be hurt. long even after lockdowns are lifted, but it also provides an opportunity for many aspiring business owners to start making money in the new economy. Currently, there are over 20,000 third-party sellers making over $1 million a year on Amazon alone.
New third-party sellers are adding to that $1 million revenue mark thanks to the surge in online shopping due to the pandemic, and I'm not talking about sellers who are raising prices and selling hand sanitizer for $100 a bottle . those who sell DIY tools, bidets, e-books or some other item that people want to order online during lockdowns, but there is a more common way

millionaires

will be created from this pandemic, another demographic of people is seen They could build an empire. of this crisis are those who have a little cash in the bank and are willing to make large investments during the 2008 crisis, during the lowest point of the financial crisis.
If you invested $10,000 in a generic ETF, over the next 10 years you would have seen your investment multiply by about four times its original value through early 2020, meaning your $10,000 investment would have been worth about $40,000 if you had held that investment for only 12 years old. Now imagine if you invested something much larger, like $100,000, that would have potentially turned into $400,000 and would have earned you an average of $25,000 per year just from this investment and yes, I understand that most people don't have $100,000 to invest in this moment. I get it, however, there are some upper middle class Millennials who have.
I have been saving for years and I could start investing in the stock market during this crisis right now and I am not saying that now is the right time to invest in the stock market, that is for you to decide, but what I am saying is In times of crisis, those who have a little money saved suddenly have a golden opportunity to invest their money at a deep discount, so they will likely get a significant return on investment that could take them from the middle class to the millionaires class over the next decade or two and the stock market is not the only place where millionaire investors will be made, as it turns out, with tens of millions of people losing their jobs, many of them sadly are also homeowners, some of the who will no longer be able to pay their mortgage because they no longer have a significant source of income and we are already seeing evidence of this, as some lenders have reported six to seven times their normal customer service call volumes at some mortgage companies.
As Caliber Home Loans are preparing for a mortgage crisis that could be 40 to 50 percent worse than the 2008 crisis and keep in mind that the average home price fell 20 percent during the financial crisis and many Areas experienced value declines of 30 to 40 percent, especially places with many foreclosures, so at that time, some people with cash set aside, a down payment, and a relatively stable income were able to purchase real estate at a discount. extreme and many of these people were simply buying properties to live in which, by chance, ended up

becoming

a good investment for them because house prices have increased by approximately 55 percent since the 2008 crisis and in some places like my hometown of Oakville Ontario we have seen an increase in real estate values ​​of more than 100 percent over the last 12 years, which means that just buying a home in the right place at the right time during a crisis can accidentally take you from a middle class level of wealth to a millionaire level of wealth, but many people also begin to build a real estate empire causing the financial crisis of 2008 also because many aspiring investors could suddenly qualify to buy their first rental property due to the massive reduction in prices and interest rates, and there have been a litany of stories about people who became real estate tycoons due to the 2008 crisis.
All you really have to do is go to some real estate forums. roots or listen to podcasts like the BiggerPockets podcast to hear how many people became millionaires or even billionaires because of the 2008 crisis, so I've coveredmany of the key industries that will end up making some people billionaires. or maybe even billionaires now. I would like to ask you what your financial plans are for this crisis and what you think will happen to certain industries during this time. Let me know in the comments below, we also just hit a hundred. and fifty thousand subscribers so I would like to thank each and every one of you and if you liked this video please leave a like and check out my documentary playlist if you want to see more videos like this so be sure to click in it. playlist and I'll see you in a few seconds

If you have any copyright issue, please Contact