{"id":162303,"date":"2023-11-14T11:35:27","date_gmt":"2023-11-14T18:35:27","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=162303"},"modified":"2024-02-29T16:47:08","modified_gmt":"2024-02-29T23:47:08","slug":"strategies-you-must-master-to-win-big-in-a-potential-2024-recession","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/strategies-you-must-master-to-win-big-in-a-potential-2024-recession","title":{"rendered":"3 Strategies You Must Master to Win Big In a Potential 2024 Recession"},"content":{"rendered":"\n

This article is presented by Invest Wealth Summit. Read our\u00a0editorial guidelines<\/a>\u00a0for more information.<\/em><\/p>\n\n\n\n

A potential <\/span>recession<\/span><\/a> is on the horizon for America and the world at large. There are two lenses through which you can examine the situation: You can fear the unknown and find a way to survive a recession, or you can seize the moment and set yourself up in preparation to take a bigger market share and thrive in it. <\/span><\/p>\n\n\n\n

Warren Buffett\u2019s famous quote rings louder than ever today: \u201cA simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.\u201d<\/span><\/p>\n\n\n\n

Even if you know that now is the time to gear up, the hardest part is knowing <\/span>what to do<\/span><\/em>. You know you need to invest, but in a volatile market, it seems like you can\u2019t gain any traction in <\/span>building real wealth<\/span><\/a> that can change your life. <\/span><\/p>\n\n\n\n

That\u2019s the gap between elite and everyday investors. The elite have a secret playbook that they go by to build their massive wealth. They tell you to trust the market, and they let their inner circle keep the good stuff to themselves. <\/span><\/p>\n\n\n\n

If you want to break into the next level of investing, there are three essential strategies you must deploy on your investments and portfolio right now to unlock your money\u2019s true potential. You can start two of these strategies as soon as you finish reading this.<\/span><\/p>\n\n\n\n

1. Create Passive Income and Accelerate Your Money Cycles<\/span><\/h2>\n\n\n\n

The first part is pretty straightforward: You must find a way to create <\/span>passive income<\/span><\/a> for yourself. <\/span><\/p>\n\n\n\n

Passive income is the ability to make money without putting in effort to generate that income. Your money needs to make more money for you. Passive income is essential to creating financial freedom, and you will have difficulty achieving financial freedom without it. <\/span><\/p>\n\n\n\n

Everybody knows this, and that\u2019s why everyone is inclined to invest in the market and watch it grow. But that\u2019s not enough. If you want to create financial freedom, you must accelerate how fast your money cycles through these investments. <\/span><\/p>\n\n\n\n

What does this mean? A money cycle completes when you invest, and you get your return after a particular time. It could be months, years, or weeks, depending on the investment. The key to maximizing your money cycles is completing them faster and deploying more capital each time to create more compounding revenue.<\/span><\/p>\n\n\n\n

For example, you are a real estate investor and buy a house for $100,000. You <\/span>flip the house<\/span><\/a> for $200,000 after one year. That\u2019s one money cycle, and you doubled your return in 12 months. <\/span><\/p>\n\n\n\n

Now, you can deploy $200,000 on the next house that can get a similar return in a similar time frame. <\/span><\/p>\n\n\n\n

Now imagine doing that in multiple cycles simultaneously and rolling them over in their various cycles, creating more and more revenue every few months. The more capital available, the more cycles available for you to deploy. When the cycles start moving faster, and there\u2019s more of them working for you, there\u2019s a lot of cash at your discretion. <\/span><\/p>\n\n\n\n

This can happen in the <\/span>stock market<\/span><\/a>, but as we\u2019ll discuss, there\u2019s a better way. Other types of investments and strategies that are available to you right now are rooted in creating and accelerating money cycles, yet no one talks about them. That\u2019s the part the ultra-wealthy conveniently leave out whenever they provide investment advice. <\/span><\/p>\n\n\n\n

2. Tax Efficiency: A Non-negotiable for Preserving Wealth<\/span><\/h2>\n\n\n\n

Tax efficiency is the most critical aspect in building wealth, and it is the most overlooked aspect for those building their wealth for the first time without prior knowledge. As the great Benjamin Franklin said, \u201cA penny saved is a penny earned.\u201d <\/span><\/p>\n\n\n\n

It will be (or maybe it already has, as in my case) a huge slap in the face by reality when you finally make that big check\u2014and Uncle Sam took more than his healthy cut from your hard-earned money. <\/span><\/p>\n\n\n\n

You need to protect your money from <\/span>unnecessary and preventable taxes<\/span><\/a>. It\u2019s a non-negotiable strategy for building and preserving your long-term wealth and well-being. <\/span><\/p>\n\n\n\n

But how do you do it? The ultra-wealthy have an advantage: Thanks to their teams of high-end bookers and tax planners, they don\u2019t have to think twice about how to move their money to protect it. You should do the same thing they do: Listen to the experts and insiders who can point you in the right direction. <\/span><\/p>\n\n\n\n

3. Insider Access and Community Building<\/span><\/h2>\n\n\n\n

It takes a village to raise your net worth and your investments. You can only get so far by doing it on your own. There are too many bases to cover, and something will slip through the cracks. That\u2019s OK. The elite employs a team of experts, planners, and capital raisers to move, protect, and deploy their capital daily. <\/span><\/p>\n\n\n\n

Find some experts you can position yourself behind to help you grow your wealth. Whether it\u2019s working on proficient tax plans, finding new investment vehicles, or partnering on certain investment opportunities, doing it with others that you trust not only makes it a little bit easier for you to protect your wealth but can give you access to investments you didn\u2019t even know were possible for you. <\/span><\/p>\n\n\n\n

Where do you look for these kinds of experts you can trust? The answer is not as far from you as you may think.<\/span><\/p>\n\n\n\n

Finding Something to Stand Behind to Build Together and Unlock Your Potential <\/span><\/h2>\n\n\n\n

The elites are preparing to move the market, and there is one method high-worth investors are utilizing now more than ever. Alternative investments are already gaining momentum in the market, and they’re poised to revolutionize the financial landscape entirely within the next few years.<\/span><\/p>\n\n\n\n

High-worth individuals are moving their money away from the volatile stock market to preserve their wealth. They allocate more than 50% of their investments into alternative investment vehicles, according to this <\/span>report<\/span><\/a> by The Motley Fool. <\/span><\/p>\n\n\n\n

Alternative investments are rapidly growing, reaching $13 trillion in assets in 2021 and doubling since 2015. The space will continue to grow, as Preqin suggests the alternative investment space can hit $23 trillion by 2027.<\/span><\/p>\n\n\n\n

But how do you gain access to such vehicles? They seem as if they\u2019re highly protected and require specific stipulations to access these vehicles, but that\u2019s not true.<\/span><\/p>\n\n\n\n

All you need is experts to show you the way. <\/span>Invest Wealth Summit<\/span><\/a> is your ticket to these alternative investment vehicles and exclusive wealth-building strategies. Experts and thought leaders nationwide are taking the stage to help everyday American investors not only unlock their wealth-building abilities but also lead them to exclusive investment opportunities you will not find anywhere else.<\/span> <\/span><\/p>\n\n\n\n

This year, Tucker Carlson, Buck Sexton, Tudor Dixon, and Lisa Boothe will join my partner Amy Vaughn and me for this epic, jam-packed three-day event. We will discuss all the principles we outlined in this article, as well as the trajectory of our country over the next 12 to 15 months. Discover how to prepare, anticipate, and dominate the market when the time comes.<\/span><\/p>\n\n\n\n

Tickets are selling out. Save your spot today <\/span>here<\/span><\/a> and learn more about America\u2019s greatest investment event of the year. <\/span><\/p>\n\n\n\n

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Invest Wealth Summit<\/strong><\/h3>\n\n\n\n
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An Alternative Investment event where you\u2019ll be face to face with the best and brightest in alternative investing so you can acquire the knowledge AND expose yourself to rare and exclusive opportunities (previously reserved for only the wealthiest and most connected American elite).<\/p>\n\n\n\n

\n Learn More About Invest Wealth Summit<\/a>\n <\/div>\n\n\n\n
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Disclosure for Invest Wealth Summit (IWS): <\/strong>This event is hosted by TheRAD\u2122. Content, including articles, videos, and webinars, is intended solely for informational purposes and should not be construed as financial, investment, or legal advice. We do not guarantee third-party content’s accuracy, completeness, or reliability or endorse any specific products or services mentioned herein. Compensation or affiliate relationships with the mentioned companies will not influence our content, which aims to provide objective information. Forward-looking statements may be included, subject to change, and carry inherent risks. If you have questions or concerns, please contact us at info@investwealthsummit.com<\/a>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A potential recession is on the horizon for America. These three strategies are a must for weathering the storm.<\/p>\n","protected":false},"author":613700,"featured_media":162309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7385],"tags":[],"class_list":["post-162303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-management"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/162303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613700"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=162303"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/162303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/162309"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=162303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=162303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=162303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}