Valuetainment - August 31, 2020


Most Dangerous Month in 2020 & How to Prepare For It


Episode Stats


Length

6 minutes

Words per minute

200.21739

Word count

1,228

Sentence count

88


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

October could potentially be the most dangerous month of 2020. Why? Because it's a month before election day. Why is it so dangerous? Why should you be worried about it? What can you do to be prepared?

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 October could potentially be the most dangerous month of 2020, and here's why.
00:00:05.060 I think at this point, again, we all know that this has been a very weird year.
00:00:07.820 From pandemic, you know, coronavirus, COVID, China, Wuhan, you know, shutting down, unemployed, 55 million,
00:00:14.960 wanting to get checks, stimulus, BLM, George Floyd, NBA, I mean, I can go on and on and on and on and on.
00:00:23.940 All of this is happening during election year.
00:00:27.560 So why could October be the worst month of the year?
00:00:29.540 Because it's a month before election.
00:00:32.240 Now, remember, this is all speculation.
00:00:34.340 I don't have the data.
00:00:35.760 I don't have the inside information.
00:00:37.140 People send me some random emails saying protesting is going to be the ugliest it's ever been in the month of October.
00:00:43.420 But that's a lot of speculation.
00:00:44.840 No one's giving it based on any specific data.
00:00:47.020 There's going to be militia.
00:00:47.880 There's going to be this.
00:00:48.680 I'm not trying to scare you.
00:00:50.160 This is all I'm saying.
00:00:51.320 My style of doing business and doing life is anticipation.
00:00:55.540 And anticipation doesn't mean 100% of crisis is going to take place.
00:01:00.560 Anticipation simply means you prepare in case a crisis takes place.
00:01:04.860 But let's, you and I, say we have a book, the newspaper, on October 20th of 2020.
00:01:13.140 And we can read the news and find out exactly what happens every single day of the month of October 20th.
00:01:18.980 And we know it's going to be the most dangerous month of the year, protesting, division, divisiveness, Biden, Trump, Pence, Kamala, Democrats, Republicans, media, hashing, going crazy.
00:01:30.320 One side doesn't want to see Biden president.
00:01:31.900 One side doesn't want to see Trump become president.
00:01:33.580 And they're going nuts.
00:01:34.720 How wild do you think it's going to be?
00:01:36.280 It's going to be pretty intense.
00:01:37.740 Let's say it's going to get ugly.
00:01:39.220 How are you going to protect yourself?
00:01:40.540 And is there an opportunity there for you?
00:01:42.680 There's a couple ways I want you to look at it.
00:01:44.060 Number one, let's look at it from ourselves, from you.
00:01:46.960 How can you protect you?
00:01:47.900 Everything with protection has to be the following.
00:01:50.520 Number one, if you've got a family, you've got to make sure you protect yourself.
00:01:54.340 Meaning, your kids cannot go play by themselves without an adult.
00:01:58.440 Number two, if you've got a baby, two-year-old, never have an adult go to a park with your two-year-old or four-year-old, just in case.
00:02:06.440 You never know.
00:02:06.980 It's just protecting yourself.
00:02:08.400 Always have two adults going, not one.
00:02:10.740 You've got two kids going with one adult.
00:02:12.480 These two kids are four-years-old, five-years-old, six-years-old, in the park playing with one adult.
00:02:16.360 You need two adults.
00:02:17.060 Some happens, you've got protection, because there's two to catch them, right, if something were to take place.
00:02:21.760 Another one, maybe it's time for you to get some kind of protection for your house.
00:02:25.180 I don't know.
00:02:25.520 Go buy a gun.
00:02:26.560 Go buy something for you to feel protected.
00:02:28.140 And probably in the month of September, once you get your license, go to a range and take your wife and husband and go shoot a little bit and get a feel for it, just to protect your family and your household.
00:02:36.340 I remember one time when my car got broken into right in front of my house, and I had a newborn baby, and we were living in Northridge, California, off of Encino Boulevard in a nice-looking house.
00:02:46.860 It was supposed to be a nice community.
00:02:48.500 It was a Range Rover they broke into.
00:02:50.020 They took everything out of it.
00:02:51.480 I bought a gun the next day, and I moved into a gated community the next month, like this, because I work in anticipation.
00:02:57.640 What else can you do if you run a business?
00:02:59.600 Maybe you can get some kind of an insurance to protect your business.
00:03:02.100 Maybe you can get security.
00:03:03.440 For the month of October, even if it's four weeks, even if it costs you $100 a day just to get security there at a time that's maybe later.
00:03:10.060 Maybe it's $50 a day you hire somebody to be there for your security.
00:03:13.160 You could do those things to protect yourself, right?
00:03:16.040 Those are things you can do.
00:03:17.420 And on top of that, I probably wouldn't be making any kind of major purchases right now.
00:03:22.600 I'd be staying liquid.
00:03:23.660 I'd be staying cash.
00:03:24.900 I'm not going nuts.
00:03:25.880 This, again, is in case that takes place.
00:03:29.360 Now, let me give you the other side.
00:03:31.260 If I'm explaining to you this, that October could be a random weird month, and let's say it does end up becoming a random weird month,
00:03:37.920 how can your business or whatever you do professionally help me as a customer?
00:03:42.240 So think about that.
00:03:43.220 What do you do?
00:03:44.100 If it's insurance, talk to me about your insurance product.
00:03:46.820 If it's real estate, talk to me about getting some kind of protection for myself.
00:03:50.360 If it's anything to do that you can make my life better in the month of October, go speak to your customers about it.
00:03:57.440 And again, it's not factual.
00:03:59.280 It's not 100%.
00:04:00.720 All of this is, just like a hedge fund or an investor or money manager assistant who looks at all the different trends and says,
00:04:07.560 let me see, where is gold going to be going?
00:04:09.920 My name is Warren Buffett.
00:04:11.000 Let's go out there and buy gold or $561 million in gold.
00:04:14.840 And let me go buy some Apple stock at $40 billion, and it goes to $122 billion.
00:04:20.180 Or if I'm Warren Buffett, why don't we have $147 billion in cash at Berkshire Hathaway?
00:04:25.800 Why?
00:04:26.720 Because he probably is studying the trends that he's seen the last six years,
00:04:31.180 and he's thinking there's going to be some opportunities coming along the next six months that he's staying cash.
00:04:35.600 Why is he doing that?
00:04:36.820 It's all anticipation.
00:04:38.540 He's not someone that's Nostradamus.
00:04:40.320 He can't predict the future.
00:04:41.620 It's purely odds.
00:04:42.580 And I'm simply saying, I don't want you to go around saying, Pat, saying October is going to be the end of the world.
00:04:47.360 I'm just speculating.
00:04:49.260 Remember, I'm speculating, and off of speculation, I'm preparing and challenging you to anticipate if something were to happen,
00:04:58.100 how could you protect yourself and your family, and how could you protect your clients and those who are looking to take advantage of the services you offer?
00:05:06.680 So having said that, I don't want you to get scared.
00:05:09.520 I don't want you to panic.
00:05:10.620 I don't want you to be biting your nails.
00:05:12.040 I don't want you to be biting your nails.
00:05:13.020 I don't want you to be biting your nails.
00:05:13.140 I don't want you to be biting your nails.
00:05:13.760 I don't want you to say this.
00:05:14.040 I don't want you to go watch this video, and it talks about wartime leadership during coronavirus.
00:05:18.360 If you've not watched it, you also have to realize all this wealth that's being made during coronavirus
00:05:23.120 is because some people are treating themselves as a leader, as a wartime leader, and people want to follow them.
00:05:29.960 So if you do that, watch this video, then go watch this video, and you make the right moves,
00:05:34.260 people are going to follow you as well.
00:05:35.680 Having said that, have a wonderful week this week.
00:05:38.020 We'll be right back.