A friend once asked a very interesting question…” Are you able to act when the next opportunity is presented?” The conversation was regarding the stock market and took place in February 2020. We all know what soon happened…
I believe one needs to be on solid ground financially to act confidently on an opportunity. To me this starts with being debt free. Debt creates so many problems and keeps us from acting when opportunities are presented. Debt adds pressure and stress to our lives. Think about what you could do if you had no debt and money in the bank.
In the past several years the economy has had some interesting twists and turns. There was the great recession and there was the pandemic. Both created large drops in the stock market. Both created financial opportunity for those positioned for it.
When will the next opportunity be presented? Will you be able to act?