December 2022 Update
The economic-winter-is-coming edition
This will be the last monthly update, since they quickly started to feel a bit forced.
The past six months have been a time to gather resources, like a squirrel gathering its nuts. The next six will probably be more of the same.
This does not mean you cannot look around for assets to buy at the time being, but don’t pull the trigger yet, there might be deals coming up you wouldn’t dare dream of right now.
I believe stocks might still have their biggest crash in front of them and while crypto might have had the worst already that doesn’t mean we’re near a bottom or we can’t go down another leg or two.
Lower asset prices will also lead to lower ad and affiliate income for those online businesses I and many of you like making MRR go down which in turn might lead to lower motivation from buyers also taking down the price multiple, providing a double whammy taking down online business prices to a place where many of us will really start to like it.
This will be a great time for working on that passive income (I’m even sharing the very exact tactic I will be using).
As I’ve said in previous post, winter is for building, but also for gathering your nuts so you can buy additional cash flowing assets to add to the one you already own and are building.
Riches are made in economic downturns, and we more than likely have a big one coming.