The Great Transfer of Wealth - [6 Trillion Dollars JUST VANISHED]

six

trillion

dollars

of

wealth

disappeared in less than a week, what's wrong? I'm toast but he says I'll welcome the minority mentality when you hear things like Jeff Bezos is worth a hundred billion

dollars

, that doesn't mean he has a hundred billion dollars in cash under his mattress for his shoebox or In your bank account, that $100 billion figure is the combined value of everything you own, added together. Jeff owns some real estate and has shares in different companies that he currently owns. eleven percent ownership of Amazon and he probably has a couple hundred dollars in his wallet, so he adds all that up and he gets like a hundred and twenty billion dollars.

He used to own more shares of Amazon, but then he got divorced and lost some shares there. and then, in early February, he sold about $4 billion worth of Amazon stock

just

before the market crashed. thousand dollars in stocks today, that doesn't mean you're going to have a hundred thousand dollars in stocks tomorrow. Now 100 thousand dollars is

just

a number on your computer screen and it only becomes real if you sell your stocks when this crisis of 2020. When we started, we saw the stock market crash in March and this led to

trillion

s of dollars of value disappear in the blink of an eye, we saw six trillion dollars of value disappear in less than a week and now we have seen something like 11 trillion dollars. value just wiped off the face of the earth now you're probably wondering how you get your share of this value, which is what I'm going to talk about today, so make sure you watch this video until the end because I'm going to talk about how you can use this huge

transfer

of

wealth

for your benefit, but before we get into that, hit the thumbs up button below because if you don't, YouTube doesn't show videos to anyone else.

Subscribe to the minority mentality. YouTube channel that way you won't miss new financial education videos every week and you'll also hit that little notification bell because if you don't, YouTube won't alert you when your new videos are posted. Stocks are a type of paper. active, so if you go out and buy a shir or a share of the McDonald's company, you become one of the owners of McDonald's, but you don't get anything tangible, like you don't get a building and you don't even get a hamburger, in fact, I'm wondering if I can turn my dividends into potato chips to really understand this huge

transfer

of wealth.

You need to start by understanding how these paper assets work. You could think of your wealth as a kind of laundry basket now that my status is unlocked, it's very easy for me to find a laundry basket. When you have a laundry basket, you know exactly where your clothes are. I can have the shirt in my laundry basket or drawer and I know exactly where my shirt is. It's but if I put my clothes in the magic washing machine every time they go in a sock they lose no, not my purple sock when you have 100 dollars in cash in your hand you know exactly how much cash you have because well, it's in your hand but when you put these $100 in stock now is like taking the clothes that are in your laundry basket and putting them in the magic washing machine because now, every time you open your stock portfolio, it will be something different, sometimes you will open it and you will feel rich because you will see that you made money other times, you will have a mini heart attack because they will tell you that your hundred dollars is only worth ninety dollars, but what you have to remember here is that you don't actually make money when your stocks go up and you don't actually lose money when your style goes down, you only make money if your stock goes up and you sell it and you only lose money if your stock goes down and you sell it or if your stock goes bankrupt, then if people own a trillion dollars worth of stocks and then two weeks later the stock market is cut in half, now this one trillion dollar value is also cut in half and five hundred billion dollars worth is simply gone. in the air I called this a huge wealth transfer because between February and April 2020 the stock market has lost trillions of dollars in value and wealth essentially overnight and this creates a new wave of opportunity.

Now obviously the most important thing here is your health. If you are not healthy, nothing else matters, so take care of your health and that of your family. The first second is your wallet because with every crisis comes an opportunity and you want to come out of this crisis as a financial winner. That's what financial education is all about: being smart. with your money, when things are going well, this way you have the resources to capitalize on opportunities when things are not going so well now, before we get into the things you can do to capitalize on this

great

transfer of wealth, let me remind you that if want to increase your financial literacy we have a free money management and investing ebook that you can read for free when you sign up for our financial literacy emails and you can sign up to receive your free ebook by clicking the link here or by clicking link in the description below to really understand the things you can do to capitalize on this

great

transfer wealth. let's take a step back and look at history to see what was done before in the late 1990s the internet was becoming very popular and it got to the point where if you started a company and had a website with the name com In the end, you would almost certainly be valued in the millions of dollars.

I mean, you had companies like eToys com that had raised hundreds of millions of dollars. that was working great until this euphoria was pushed to the limit and this bubble burst in 2000 2001 this dotcom bubble collapsed and companies like etoys went from being booming and worth hundreds and millions of dollars to having no value at all of months they are all born He came out and said that the Internet is dead and that no Internet company will be able to survive in this retail world. Strong Internet companies were hit hard and lost a lot of value, but eventually they prospered again and the Internet didn't die.

I mean, that's how you can see my face on YouTube, how it went for people who went against the grain during this 2001 crisis and took a risk and used it as an opportunity to buy solid companies that were suffering like Amazon or start a company. . They came out winners and this transfer of wealth created a whole new wave of millionaires. By the mid-2000s, real estate was practically a guaranteed way for anyone to become a millionaire. I mean, at almost no time were there doctors buying teachers, human delivery people did it. I had two or three houses, the best part of this was that you don't even need a job or assets to get rich.

Real estate banks were giving out ninja and inj a loans, which means no income, no job, no asset loans, all you had to do. was go to your friend's bank, fill out some paperwork and walk out with a few hundred thousand dollars, that way you can buy a nice house because, well, you know real estate values ​​never go down like they did in 2001, this was eventually arrived to the limit and then this house of cards collapsed now, after the crash of 2008, houses that once sold for $100,000 were sold for a third of that and again trillions of dollars in value were lost almost overnight, people said that our financial system The system would never recover.

Investing is a trap and real estate is a fool's game, but people who went against the green and took risks were able to buy solid investments for literally pennies on the dollar. I mean, I speak from experience. I got into real estate investing after the 2008 crisis and bought as much real estate as I could during this time, but it's not just traditional investing. I mean what Sepp venmo uber Instagram and Pinterest were born out of this 2008 recession because these owners and creators and entrepreneurs saw an opportunity during this crisis and capitalized on it in the late 2000s, so in 2017 1819 the stock market It became a guaranteed way for people to get rich.

People were blindly throwing money into their 401k without knowing how their 401k worked or what the 401k fees were, I mean if you remember back in 2019 I posted a video called The Truth About Your 401k and in that video I talked about the cost of investing in a 401k and I talked about the risks of investing in a 401k because your 401k is not always guaranteed to go up and people thought I had lost my mind because they thought their 401k could never go down that it was a risk-free investment people bought Tesla shares like it's their job because well, it's Tesla and its businesses. that burned cash with small income and no plan or path to profitability was valued and billions and billions of dollars everything was going in favor of the stock markets and it seemed that it could never go down, I mean companies that can borrow money to almost free because interest rates have been near zero for more than a decade, consumers had easy access to money and loans became flexible, so people spent money like it was their job and, furthermore, the company he was spending all his free cash. flow on share buybacks, causing the share price to rise even further when, as icing on the cake, the media comes and reports that the stock market can't go down, so I'm a bit of a nerd if it still you haven't can crash and then I took this screenshot a couple of years ago from yahoo.com finance day that said this stock market can't slow down when people hear this kind of news they get excited and excited and this makes them It pisses off a logical part of your brain.

The ears and then the emotions take over and they buy without knowing what or why they are buying. When things are going well, people think that nothing bad can ever happen and when things go bad, people think that nothing good can ever happen and that the world is going to end. The media with its emotional reporting does not help either, however, history has shown us time and time again that in the long term, the economy and strong investments and companies recover. The long term is not six months. This 2020 crisis will be another big crisis. wealth transfer, I mean, it has already started, we have already seen over ten trillion dollars whose value has disappeared, but before we continue, let me remind you that investing is hiding a business has risks, it is never guaranteed that you will make money when you invest. you could even lose money, so always do your own due diligence and don't blindly listen to some random guy on YouTube, to some random guy on YouTube, where right now you have a new generation of people who are eager to get started and do something like this . people who have been preparing and now want to find opportunities in this crisis while theirs through investments or starting a business that way can capitalize on this opportunity.

I mean, even Disney was created during a recession because Walt Disney found a problem and was able to solve it through his company Disney, right now companies are on life support and the government is pumping unlimited amounts of free money into them, but These companies have no customers, which means this economic slowdown will be painful and we don't know for how long. It's going to last, but at the same time this recession is helping some businesses thrive, such as online shopping companies, online shipping and delivery companies, and cleaning companies. Is it possible that this time will be different and we are about to enter a massive depression or even see hyperinflation, yes this is why investing has risks but there is also a possibility that in the next five to ten years the economy and strong companies can prosper again and some companies can get greedy again and spend all their money on share buybacks and then when they mess up again they will need the taxpayers' help to bail them out when they make a mistake, but that's a topic for a different video.

What this 2020 crisis has shown us is that the government will do everything it can. I will go to whatever lengths necessary to protect companies from bailing out Hayter to love him, that's the reality, don't hate the messenger, is it fair to normal people who don't get the same kind of treatment? No, this is how I want you to do it. understand the system this week and use it to your advantage and I said if we get screwed now as far as the economy goes, if this government life support fails or if it's not done right, we're going to be in big trouble and if it works then the economy and Solid companies and investments will recover and you will want to come out a winner.

I'm going to repeat this: your health is the most important thing right now, so make sure you take care of your health and your family's health.first, but every crisis comes with opportunities for people who think differently. That's where you want to come in and stop thinking like the majority of people and start thinking like the minority of people and look for opportunities instead of just finding problems like Warren. Buffett said: be fearful when others are greedy, be greedy when others are fearful, you want to be the one looking for opportunities and this is where financial education can help and if you are looking for free resources we have our ebook on financial education emails in the description below thanks for watching if you enjoyed this video share it with a friend that way we could help you spread the word if you're not learn more about how you can find a strong company to invest in we already made a video about it and you can watch it on YouTube by clicking this button here thanks for watching and as always keep pushing