In this episode of Impact Theory, Tom Bilyeu interviews Jaspreet Singh about how recessions create opportunities for building wealth. Jaspreet explains that market crashes lead to people selling assets out of fear, creating discounted buying opportunities for the financially educated. They discuss the psychology behind selling during downturns, distinguishing between voluntary sales driven by panic and forced sales due to debt. Jaspreet emphasizes the importance of financial education, avoiding debt, and investing in low-cost ETFs and index funds for long-term wealth creation. The conversation also covers the dangers of active trading, the impact of inflation, and the significance of building equity. They stress the importance of mindset, balancing financial fitness with physical, mental, and spiritual well-being, and understanding that money alone does not guarantee fulfillment.
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