Looking Forward, Economic Predictions Post Pandemic
Nick is talking with Frank Flegg about his predictions for what will happen in the coming months
They discuss the ways the Government is beginning to claw back the huge debt accrued through the pandemic and how things are going to change dramatically
In an economy that’s going to become more hostile, it’s about looking forward and being able to capitalise as things change because there are always opportunities
KEY TAKEAWAYS
As a country, we have acted like a very naive businessperson The last eighteen months have been an interesting look at human psychology Change excites me and as a property investor the worst thing is continuity because people who are not as knowledgeable catch up creating more competition A rapidly evolving environment puts us at the cutting edge doing deals that no one else can As a country, we now have a massive negative balance sheet and we are going to feel the pain of it. The government is trying to claw back massive amounts of money Small things being changed will make a massive difference The government is also considering a rise in capital gains tax that willmean a 4x increase on money you have risked in investment
Inflation will be the way the money is clawed back by the government Everything going up in value is good for the government because their debt is not My prediction is that inflation will rise to erode the debt If inflation is going up it’s not seen as something that the government is doing to us Getting into assets that are inflation-proof is vital You have to look forward and make inflation work for you We are going into a more hostile environment where tax and inflation will be higher
BEST MOMENTS
‘No one is feeling the pain of it at the moment but we are going to very soon’
‘These measures will affect everyone’
‘Look at how you can capitalise on what’s going to happen’
‘Whenever there is change there is great opportunity’
VALUABLE RESOURCES
https://keapnow.com/empirebuilders
ABOUT THE HOST
Nick James
Nick dropped out of university at the age of 21 and failed spectacularly with his first coaching business, which forced him to take a £16k/yr telesales job.
Within 12 months he was the top performer and left to start his second business at 24. This time he discovered a winning formula and before long had a multi-six-figure company.
He then made a huge mistake which nearly put him out of business and cost him £50,000 in personal cash!
Fortunately, Nick kept it afloat, turned it around, and sold that business 2 years later in a seven-figure deal.
He then co-founded a multi-million-pound marketing company, which he exited in 2015, and created Expert Empires.
Today, Expert Empires is known as the UK's number one business event for Experts, with world-renowned celebrity speakers like Gary Vaynerchuk, Grant Cardone, Chalene Johnson, David Goggins, and Lewis Howes gracing the stage.
Nick also specialises in helping Coaches, Consultants, Speakers, Trainers, and Authors take their businesses from zero to six figures and beyond through his Expert Empires Mastermind programme.
