Cafeteria Part E-2: Fill & Download for Free

Below is what I know on how to make 5–6 million. Taking it to 100 million or a billion is a totally different animal. YOU NEED:1 You have TIME - it will take several years and maybe 20–30 yearss2 It’s all RISK - the more risk the bigger the winnings. For example, you own a house… a few years later it has gained some equity. You refinance it and buy another house. You keep doing over and over, through recession, pandemic, and gov’t taxes. If you make it you’ll have an empire…. if you can stand the stress and a few ulcers. Does Zucherberg have an ulcer???? I can tell you right now most CEO his worried about the pandemic.3 What is your PERSONALITY - do comments fall off like water off a duck back? Or do personal comment get your blood boiling….4 Are you aware of CURRENT EVENTS - do you have a good world view. For example are you aware of new technology or new break outs in medicine like metabolome5 Now this one I don’t like - but I’ve seen some people become very, very rich with GOV’T CONTACTS. Someone has to build bridges, roads, schools, etc. The more people you know within gov’t, let’s say this “It doesn’t help”LIKE I SAID - YOU NEED TIME, RISK AND THE PEOPLE TO BUILD 100 MILLION.I’m not a billionaire…. I’ve done well buying in recessions and selling 6–7 years later. I spend a lot of time figuring out recession - right now, I’m quite confused with the Pandemic… but I know oil is not coming back quickly and just like the 2008 recession it took 1 year before we stared to see good deals. If 2020 recession followed similar we should find lots of deals late 2021. But…. the gov’t is giving away tons of money… so it is possible all those deals will be seen in 2022.DO YOUR DUE DILIGENCE!HAVE GOOD READINGWHAT WILL BE THE BEST WAY TO EARN MONEY?Short Answer… Keep your money accessible. At first opportunity, I set up a HELOC in 1985. Then I used the equity in house to purchase new opportunities one year after each recession including 1990, 2001, 2008 and 2020.Below is how I figured this out. Yes, it’s a very long detailed article. There are 3 parts, I will add the 3rd part in a week. I do appreciate “UpVotes”… it does take many and many hours to write the details… “UpVotes” do provide me great incentive to write more. Enjoy.Depression or a recession 2020? Will there be a FOOD SHORTAGE? More unemployment? More unrest? When will get pass COvid-19?Here are some of the answersCovid-19 - When the human population reaches "Herd immunity", either within the 3rd or 4th wave or a Vaccine... the disease will remain. "Herd Immunity" occurs when most of a population is immune to an infectious disease, this provides indirect protection—or herd immunity (also called herd protection). Check it out at Herd immunity and COVID-19 (coronavirus): What you need to knowUNREST - Unemployment and Racism.... this will continue in to 2021 and 2022. Things will worsen until the economy start to get better.Covid-19, unemployment and racism will the the normal for a while.ECONOMIC DEPRESSION - A depression is a severe and prolonged downturn in economic activity. Hundreds of millions of newly unemployed people are spending less. The hospitality industry - hotels, restaurants, Tradeshows, campgrounds, airlines, etc are all closed or reduced 50% or more. Around 30% of food in the world is consumed in Shuttered restaurants, cafés, and cafeterias .... not mentioned the packaging, sundry items and all the employed people. The export demand from those items vanished. Farmers were throwing away milk and eggs... Baby pigs were euthanized... Cabbage and tomato crops were plowed over... and potatoes were very, very cheap. It got so bad that in Belgium – the world's largest exporter of frozen potato products, where they take their frites with mayonnaise very seriously – you could buy around 500 pounds of potatoes for the price of a gallon of gas.Prices for Food has been going down. Social-distancing requirements have hit margins... as people eat at home instead. But falling prices for the economy as a whole spells trouble... when farmers are plowing there crops, a major shortage of labor, Gov't will not allow migrate workers into the country due to Covid-19, who will pick the crops. Farmers without income down buy new trucks The first thing the factory does is reduce incentive or reduce the price. Customers see reduced price, good in the short run… but what if you knew a new fridge or car now, would be reduced in 6 months, what is the thinking of the consumer. We wait…. most of us want the savings. There’s lots of example of this… that’s why consumers buy car in December - we know the old years model will be heavily discounted. Unfortunately, when factories can't sell their cars, they reduces inventory which coincides with lower unemployment. A farmer that can’t sell potatoes, won’t produce that crop next year which created no work for farm hand labour…maybe the farmer will now grow barley which is much more mechanized. Less employment... and the economy gets worse.If the farmers plows it crops this year, It’s a safe bet he’s not buying a new trucks! If the Hospitality industry is not buying cars, if the Airlines are not buying buses, then there's massive unemployment. This is why Hertz is in bankruptcy.Gov't got into the equation with offering subsidy wages. But now this created an new problem… “why would people pick grapes or oranges or bagging potatoes when you can stay home and get a subsidy from the gov't. The food rots in the fields while labor lays unemployed waiting for the check in the mail.ECONOMIC RECESSION - Trumps answers to solving the recession --- Protectionism. I don't agree with Protectionism. It's a very short term solutions to maintain employments. It didn’t worked in the Aluminum industry (talk to Ford and GM about this), It did not function in the pulp industry or the Oil sector where we we have 27 oil supertankers on the ocean full of oil where they have no place to go and no one wants cheap oil. It's another fiasco similar to Farmers dumping crops they can't find labor. To much supply, to low demand, and too low.. low... prices.Protectionism will become a real issue when Countries like China decides it's will no longer sell Rice or accept pork product. Protectionism and Covid-19 will cause devastation in the supply management. We will see the full affects of a recession when your grocery store will be short of many products because some Country refused to ship product and want to use it only only for their only consumption. You’ll see this in this coming in winter of 2020! Expect a much higher price in beginning in 2021.... you've already seen this with beef - covid-19 closed those plants in High River and Brooks in Alberta.TECHNOLOGY -We know many of those jobs are not coming back quickly, especially for the low level jobs. I want to talk about technology and how it can affect low level jobs. We have all heard of 5G Spectrum. 4G can’t keep up with the 50 billion devices. But 5g is so much faster , it can download a movie in 6 seconds compared to 4g, which will take 7 minutes.This new technology allows for self-driving, doctors doing operations in real times, etc. There are 3.5 million truck drives in America. Now, why pay a human driver a wage… when a self-driving a truck 24/7, with less cost, with less delivery time.How soon with this be implemented?. Look at “Presidential Memorandum 0 2518” Here’s a section of the Memorandum states…… Sec. 3. Within 180 days of the date of this memorandum, and annually thereafter, the Secretary,… on the status of existing efforts and planned near- to mid-term spectrum re-purposing initiatives.Bottom line… Trump wants to be the first country with 5G. Now this is a report… and it will take the country some time to set up a 5G network…. but it will happen.In 10 years most truck will be 5g driverless…. Is it possible in 5 years, absolutely, what about 2–3 years, absolutely,… There are currently be lots of pockets within the USA with driverless truck, yes they need improvements…. but they are functional - real today.No one wants to be unemployed… but the world will change to 5G…. Even today, I’m seeing our Internet provider building the 5G infrastructure in my area . The technology, 5G Spectrum, will not wait for anyone . You’ll need to prepare for the change. If you want to be employed… you’ll need to have the skills required for the next century. There will be less and less back-breaking jobs, replaced with AI or technology, for example driverless trucks, but there will be lots of jobs to maintain the AI equipment. If you are at home, self isolating due to the Covid-19…. put a plan together, develop some skills… learn. Even a hobby teaches skills…. those skill maybe valuable in you new employment review. Enjoy the remainder of the post…. I suggested a few ideas.. hope that helps!IT’S A NEW WORLD - It will be a very different world after Covid-19, Racism, Socialism, Riots, 5G technology. They say in 50 years human being with never have a job… it will be done by Robots. Our Grand, Grand kids will be asking “Grandpa, what’s a job”. I can’t imagine that reality - if we have no jobs then will we all be wards of the Gov’t. Well the gov’t control our lives or will we aspire to our life goals. Maybe, we will become very lazy with no ambitions and just watch a screen for entertainment all day. I’ve been in a driverless car… you either watch out the the window or a screen, is this what life will become?????MAYBE I WANT MORE OF THE WORLD - or than politicians that tell me what to do and how I should live my life. Maybe the world is a mess right now… Just like the Farmer that has plow his crop today, knowing someone in Africa is starving.. but we have been there here before. The Good in Humanity can turn Kaos into a brave new world.Maybe…. this movie does not end in Armageddon. The Mayan Calendar, predicted the end of the world for June 21, 2020. In one way, they are correct, I wrote the story back on Sunday and it’s a very bleak tale. But we are still here. Yes, there’s a lot of Kaos…. but there’s a lot of great people within humanity. We’ve seen 2 World Wars, Several Pandemics, Several Recessions and Trump. Humanity has done lot and lots of great things.I believe the day is filled with extraordinary . With a little perseverance, we can turn that 5G technology into a much better world. With technology, we can stay on top of pandemics, feed a lot more of the world, maybe become less polluters and maybe care our environment better. We can do a lot better… maybe this pandemic is an opportunity to reset the Red Button. Maybe Calvin had the right idea, we need a Swift Kick in the Butt…. it may hurt a little, but if it’s pushes us forward, it may be the tuff love we all need! Hugs….Remember , 60 days after your vacation you got your Visa or Master Card. Then you saw the interest charge - 24%, The Gov't bill is coming at the end of the years. Most Gov'ts have been down-graded, we know the interest will be higher and we also know we can make the payment. Businesses will not be fully functional till end 2021 or later. Ofcourse, the Gov't will not see Income tax returns till mid 2022.That's the assumption we have dealt with 2nd wave of Covid-19 and we have achieved "heard Immunity". Farmers have come back from recovery from possibly economic disaster. Then there's..... November 3, 2020. ... Election with Trump. This will be very divisive for the USA. Add to this all the social issues from "Distance", "racism" and "political unrest". We will still be dealing with unemployment and more protectionism and the debt issue. And finally, the wild card will be Hauwei - Trump - China and USA. Will there be more sanctions, protectionism, ... all we know there will be another storm ... and it will create more economic disturbances.I'm thinking of all those Colleges and University students - will there be jobs. More and more business are closing down... not just from Covid-19 but also by Amazon and Walmart. And of the business returning from Covid-19, many of the jobs are not coming back. Those students will be competing for existing jobs... and when there is to many workers and not enough job, than salary reduces. None of those jobs are coming back with similar benefit they use to have. Pensions will be limited to 10 years, $30 hours job will be $22.00/hour, etc. They may be reduce to 30 hours per week. Our standard of living will change.It's fair to expect a Nuclear Economic Winter.If we know what is coming - like any good Captain of his ship, you start preparing much before the storm.Here's some suggest. There are two safe havens - Gold and AssetsYou could buy Gold - but that's for people with lots of money, where you have excess money or you want to park it until the deals start to show up later in the Recession. Kind of being locked down in the harbor - you weather must storm. But Gold is not without risk.On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. Look at the Fine!!!USA and Canada now have a huge debt and there is no guarantee the USA will stay the World Currency. China has been saving gold for a long long time. With Hauwei, protectionism, Covid-19, and a huge deficit close to 27 Trillion. No one knows what the Gov't will do... but we do know, they can recall the gold.Must of us can't afford gold... must of us are just floating in the ocean, with some of us quite a way from shore. , so gold is out. The good news... Cash is KING - assuming money is not devalued. There is a risk, the gov't does not disclosure the true ridiculous debt that it has funded (pensions, etc) , and the USA can start printing more and more money, but it takes years before we would see a major devaluation... This is not the situation in Germany during the war with hyperinflation first half of 1921. So cash is this KING.But you can still lose Cash just like the gov't can recall Gold. We need to turn cash into real investments ... real assets. You can lose your money in a bank... especially with the USA, many banks can fail.... and your money is gone. Banks love to turn your cash into mortgages... in fact banks love mortgages. The average U.S. mortgage debt per borrower for Q1 2019 was $202,284, at 2.4% . So if the bank is giving you less than 1/2 of a 1% on your investment —— they pocket 2%... life is good for the bank. Bottom line Banks love mortgage. But...., banks DO NOT LOVE THINGS LIKE HOUSES, BUSINESS, OIL TANKERS, ETC... those items require maintenance, property tax, subject of insurance (Theft and environment like tornado and floods), appraisals, etc .OUR PROBLEM IS .... currently all those items are sky high right now, it’s all priced it at the top of the curve. We need to buy them are liquidation value, auction value or bankruptcy.So here's what we can do to start preparations ...........We need do build a reserve now. We know the deals will be coming in about 1 year from now. Remember the 2008 recession was will on way by Oct 2008….. that was the month the recession will in every paper... every one thought it would be all done by December. But in reality, all the deals happened in 2009 and 2010. I remember houses in Las Vegas we looked .. there where 100's between $100,000 to $120,000. Many of those home where less than 3 years old. ( Remember the average mortgage is $202,000) The same things will happen with 2020 recession, the deal will start to show up in 2021 and 2022. There is a couple of deals right now like - Hertz is filing bankruptcy.... but it will take 6 months before all those cars come to either auction or on sale liquidation. Why by a new Buick when there will be 100's of bargains 6 months from now.But you need perseverance. It takes time for the banks to foreclose and it takes time for the bank to decide witch assets will be on the list to liquidate. Even business, can take 6 month through bankruptcy before those items go Auction. All those deals will be 1 year longer or more.But we can use that time for do our diligence... check out prices in different neighborhood, which business are failing and what is the equipment worth. Learn what things are worth.... this is your job now.SO WHERE DO WE GET MONEY- BUILD THAT RESERVE NOWIf you don't have a job.... Right now there's 2.7 million jobs available for picking produce for Farmers. Yep, it's not glamorous, but you got other plans and a little pain now there will be later deal in 2021 for a a good living.With a job... now start applying with has many credit card you can get. Try if possible to get a higher limit. Some deals will be quick term and some deals will take months. If you have available cash, you can grab the opportunity.Get RID of High Cost ticket items... like car loans, travel trailers, etc. Get rid of it on Lease Buster, etc. The idea is to build a cash reserve - not making payment of depreciate toys. There will lots of deal in 2021.What one person is not able to accomplish - a group can create extraordinarily. Talk to your family about your ideas... maybe you want to buy a Duplex and rent it out. If you have only $5,000, with just 3 more members of you family, together you raise $20,000. Remember this is not the time to buy.... there are not deals in 2020.... when unemployment climbs in 2021, when the banks are holding 1000's of mortgages, that's when it's time to go shopping.Again, if you don't have all the cash... form a partnership, or setup an Investment club. The advantage of a group is the reduction of exposure to the risk. In a group if the property does not rent, then the mortgage is split between every one. But, with a large group there are more opportunities to find a renters.HOME EQUITY LINE OF CREDIT. (HELOC)If you have equity in you House, depending on you bank, you can get a HELOC from 65% to 80% of the value of the property. For example - you house is worth $400,000..... you still have a $100,000 on the house. Most banks will allow to set up a HELOC @ 65% of value. In this case... $260,000. You pay off the original mortgage and that leave you $160,000 to buy when those bargain show up in 2021. Most use HELOC for Home Improvement, we want to use it to make Income.The advantages of a HELOC are simple…. you can easy access to all that equity just writing a check. This can used as a deposit on another rental house, a business, flipping cars, etc. You get the drift! Spend it on something that will bring in more income.Part #3... Choosing the right InvestmentsInvestments - there’s a number of rule of thumbWhen buying a machine the rules are...a If a machine pays for itself in 6 month- you of bought it 6 month agob if a machine pays for itself in 1 year - buy itc if a machine pays for itself in 2 years - make sure your customers are locked ind if a machine pays for itself in 5 years - you need a business plan and lots of researche if a machine pays for itself in 10 years - Stay AwayWhen buying real-state1 You buy realty what its worth in the future. What ever few extra thousands you pay today, this will be fraction of the value 20 years down the road. You buy property what it's worth 20 years down the road, not what it worth today2 If you can sign a 5 years rental lease - you should be buying the building. In 5 years the rent will go up, the mortgage will be smaller and the payment still the same.3 Buy the best location you can buy.... I suggest if possible, buy near a traffic light or something that slows the traffic. No one will see your business at 80 km. Location is important when recession occur. Bad locations will move to a better location when the economy stagnates When finding investments.When finding investments.x It's not that the right time to buy property..... the gov't is still paying checks for unemployment, covid-19 and business. The recession has not run it's course. In 2008, it took a full year before we saw good deals. Be patience.xx Arrange all your financing..... the better prepared you - the better chance to close a good dealxxx DON'T ASSUME!!!. We all assume a deal is at arm length.... but we never really know why a seller is listing his property. Is it a divorce, unemployment, a bank foreclosure in 30 days, new job out of town, parent died and the kid are 1000 miles away.... Don't be afraid to make a lower offers. I have made several offers so low, the realtor refused to present the offer. A few hours later I found another realtor and within a few hours later he had a signed offer $2,000 higher than what I offered. Later we found out.... the owner was holding a new house and the current house and he was 4 month late on the mortgage. Like I've said, don't assume.... you really don't know the situation.iv Be willing to walk away from the deal - how many items I’ve seen at auctions sell items for more than similar prices at discounters. Only, to find the same item at another auction 30 days later.v Houses that show terribly, that are fine structurally can be money makers . Ugly, can easily shine up. It’s an easy great way to find fantastic value.vi Sellers that live lived out of state and didn't have a strong emotional attachment tend to be very motivated.There are plenty of properties to choose from. Don't fall in love with any of them. If you do, your emotions could take over and cause you to make a foolish mistake.We currently live in a world covid-19, unemployment, protectionism, racism, business closure.... Money will be very stressful for many families.... expect more divorces and mortgage closure.... so don't assume