David Bach

They're going to need medication.

They're going to need cleaning supplies.

Like we went through a list of things that they could think about what people would need.

And we bought those stocks.

And I did that mostly because I wanted them.

It wasn't, you know, not just buying index funds.

I wanted them to learn how to think about specifically what's going to go up in this time frame.

And it's interesting because I actually just went through those stocks with my son yesterday.

And the average stock that they bought was up anywhere from two to four hundred percent.

since they bought it except for one ironically and that was zoom because zoom stock had gone up so much and i didn't really want my son to buy it but i wanted him to learn the lesson zoom was like he bought it almost an all-time high and so the zoom stock is down 80 and so like you can see these six stocks and he's like well geez everything did well but zoom i should sell zoom i'm like no you can't sell zoom now it's too cheap to sell zoom right now um but you know

It's not the economy that impacts our wealth.

It's what we do in any economy.

And you've got to focus on your economy, your own economy.

Do you pay yourself first?

Do you save money automatically?

Are you investing in the stock market?

Are you investing in real estate?

Because if you don't invest, if you don't invest, you'll never be wealthy.

You'll just be a consumer who's always spending money.

And you can't build wealth if you're always spending money.