Skip to content
Start Late, Finish Rich episode artwork

Dec 3, 2021 24 min

Start Late, Finish Rich

from Ray Edwards Show Hosted by Ray Edwards

This week's episode is about America's next big crisis and how to prepare for it. I'm not an economist, but I do study many experts and most of them are saying that America is headed for a crisis...a perfect economic storm brought on by lack of retirement savings and an aging population whose ability to work is diminishing. "But Ray...aren't you usually the positive thinking, 'look on the bright side' kind of guy? What's with this fear talk?" I AM a positive thinker...But I am not one who ignores reality. I don't think it takes an expert to know that millions of people exhausting their savings, borrowing against their home equity and exiting the market place is going to cause hardship in the not so distant future. BUT - There IS a bright side - One of the brightest I've ever seen! I'll share it with you in this week's episode. [00:51] The next problem we should be prepared for [01:28] Part One: The coming American Economic Crisis [02:43] The 3 forces fueling the crisis [05:55] My 5 Part Action Plan to prepare [06:01] Eliminate debt [06:34] Minimize taxes and expenses [08:00] Diversify your income streams [09:08] Define your MVP (Minimum Viable Prosperity) [10:23] Maximize your ability to produce income [11:34] Taking advantage of new opportunities [13:05] Why start a business now? [14:21] Here's how you do it [15:22] Who are the most successful creators? [16:48] Mastering the greatest business skill [17:35] But...I'm not a salesperson [19:36] Earn while you learn [22:17] How to make it work [22:52] Get started right away Links Permission to Prosper - Ray Edwards COPYWRITER'S STRATEGY CLASS - This is my upcoming Free Masterclass that takes place live on 12/9. I'll teach you how to build your own, profitable writing business - with my help, or on your own...I'll cover all the bases. Don't miss this! Click the link to register How You Can Help Subscribe to the show in iTunes and give us a rating and review. Make sure you put your real name and website in the text of the review itself. We will definitely mention you on this show. We are also on Stitcher.com, so if you prefer Stitcher, please subscribe there. Connect with Ray on Facebook, Twitter, and Instagram Visit Ray's community on Facebook – This is a friendly group of writers, entrepreneurs, and coaches who share ideas and helpful advice.

Episode details come from the podcast's RSS feed.

Embed this episode

Ready to play

Start Late, Finish Rich

0:00 24:28

No transcript yet.

Requests help us decide what to transcribe next.

Frequently asked questions

How long is this episode of Ray Edwards Show?

This episode is 24 minutes long.

When was this Ray Edwards Show episode published?

This episode was published on December 3, 2021.

Can I download this Ray Edwards Show episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.