See the smoldering burning plane in the picture?
That's what our economy is going to look like in the years to come.
Don't believe me? You don't have to.
We've been on the longest bull market trend in history...more than 13 years (and counting) to be exact.
And what goes up, always comes down!
What I think is interesting is how complacent people have become. It's almost as if people have let their guards down because they believe the pandemic is fully over (it's not) so let the good times roll (for a short time, anyway).
Here's the way I see it (and you can agree or disagree if you want...doesn't matter to me):
The high-class and upper-middle class people of the country are going to be A-OK. This accounts for approximately 15% of the population.
The rest of the 85% is in the lower-class section of the population pyramid.
Where is the middle class?
Unfortunately, it's now lumped in with the lower-middle and lower-class because most are one or two paychecks away from the streets. It doesn't matter if people have a nice car and live in a nice neighborhood or not. If they're so financially short that they are depending on every paycheck on time then that means they're part of the 85% lower class. They're considered unstable, depending on every cent that comes in. And if any money comes in late, they're filing for bankruptcy.
So, you'll see that the upper 15% will be doing all kinds of stuff. Buying luxury homes and cars. Traveling the world, going on expensive trips. Buying new wardrobes. And just getting out there in our post-pandemic world.
Now, you'll find that a lot of other people (lower 85%) will "try" to do these same things. Except that all they're doing is wracking up bad debt to be able to take their trips, buy new stuff, and pretend that their future is bright and secure.
Except it's not. In fact, nothing could be further from the truth.
Things may seem "fine" right now (kind of like the "Roaring 20s" so long ago). And then we all know what happened at the end of that gravy train.
October 1929.
Stock market crash.
The end of the "high times" era.
And the beginning of a very long and arduous Great Depression...the worst ever in history.
Until 2008, that is.
Now, I'm not comparing what will happen to either one of those. Although it may be equal to the Great Depression and the Great Recession. Who knows? We won't know until we're in it.
And it's going to happen. Regardless of what you think. Nothing keeps going up and up and up without some kind of contraction, pull-back, or recession. Contraction is normal. Hyper-inflation and a forever-expanding economy is not normal...not at all!
So, when will it happen? I don't know. I do know that a lot of crashes happen in the fall...in October to be exact. Will it happen in October 2021? I don't know. But I do know what you should be doing to line yourself up for the opportunity windfall that's about to come.
CLICK HERE to watch a short video that will show you exactly how you can get your "ducks in a row" for the opportunities that will flurry in abundance in the months and years to come.
Trust me...if you missed the opportunity after the crash of 2008, you don't want to miss out on these opportunities because they will likely be your last in your lifetime.
CLICK HERE NOW!
See you at the top!
Your mentor,
Monica Main
