Full Podcast Out Now. Search: How To Rebuild Your Fortune & Life After Losing It All | Tony Giordano

My grandfather's the one that told me this. He was just like, you need to be recession proof. And I'm like, what's recession proof? And he tells me, after I lose everything, he goes, two things. He goes, liquid assets and liquid knowledge. And you need to increase both of the amounts of that all the time. He goes, if you had had both of those, then you would been fine. Not only would you have not lost everything, son, you would have actually been able to take advantage like the rich are taking advantage. Buying your stuff at 10 cents on the dollar and your $50,000 watches, your priceless art pieces, and they' scoring it on you because they have the money to buy it. That's what the rich do. They wait for these things to happen and they don't buy it at the highs of the market. He goes, you were over leveraged. You weren't liquid. You lost all your equity. And then the banks took away your home equity, lines of credit which you thought were savings. And then he said in liquid knowledge that you're constantly learning new things that you hear the world is embracing. He goes, you will be recession proof because no matter how bad things get, people will want to hire you for what's in here, whether you're speaking, you're teaching, you're consulting, whatever it might be. He goes, there's nothing more powerful than those two things.