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this episode here we've got one of the greatest macro economic researchers on youtube mark moss and we're going to be discussing how to prepare yourself for 2021 financially with your investments how to prepare yourself for this great reset this currency reset and this pretty bizarre world that we've found ourselves in and so we're doing this in honor of mark has an amazing thing coming up here that starts right now he's doing a three-day live online training to help you prepare for your finances your investments to prepare yourself for for the great reset and and all the shenanigans of 2021 and there's a link in the description right there down below where you can go ahead and sign up almost like a new year's resolution workshop for finance so you'll see the link right there in the description it's free to sign up for it and uh so welcome mark yeah thanks so much jake a pleasure to be back with you okay so uh pretty weird year in 2020 and we're heading into 2021 and you're helping everyone with with the event prepare for what's to come here in 2021 what do you think are the biggest mistakes people make um with their finances or or mistakes they are making right now that are easy ways we can better prepare ourselves and our freedoms well i think we we all make mistakes obviously and uh but we all make different mistakes and so it depends on really where we're at and so really the most important thing that you could ever learn whether whether it's trying to troubleshoot problems in your own life or in your business or whatever is to try to identify those things that went wrong so that you can improve on it right it's all about learning when i was a kid my dad taught me uh once as an accident twice as stupid so it's like never repeat the same mistake over again and so uh we have to like take time and most people don't want to take the time to look at shoot what problems did i have where could i have done better so that we can improve and so um to answer that question i think we've all made different mistakes i just recently dropped the video where i kind of highlighted some of the things that we've learned in 2020 and then a lot of things that did go wrong for people and so you might find yourself you know if if 2020 didn't work out exactly like you wanted to which for most people who didn't uh you might have found yourself in any one of these areas so in 2020 we saw that one people weren't prepared right we saw that we saw that but leading up to the pandemic to the market crash the economy crashed we had about the average american couldn't come up with 400 right they didn't have any savings and so when you don't have any savings when you're not prepared um it it leaves you in a bad state of uh of place right like your mindset is wrong you're not able to take advantage of opportunities the market dropped if you were able to buy in at that bottom you could have made so much money but people weren't really prepared in addition a lot of people were just struggling to pay their bills and so then maybe they were forced to sell things at the top right when they should have been buying um or or they were just making bad decisions over so overall so they just weren't prepared um or maybe maybe they did have the money but they didn't have a plan and so when the market started unfolding with the fastest crash in history the fastest rebound in history if you didn't have a plan for that then you weren't able to take advantage of it right away because it happened in about 20 days so those were probably some of the biggest things one they weren't prepared and two if they were prepared they didn't have a proper plan okay so i think this year has showed a lot of people you know they always say the adage that money's not that important and happiness is more important and you know people have always just kind of taken for granted the the functioning of society but i think this year has showed that taking care of your money taking care of your investments and taking care of your business is not only important it's truly a necessity if you want freedom for yourself and for your family and when you and i were talking about your your live online event that you were doing you were saying that one of the things that surprised you is how few people even before getting into the nitty-gritty of preparing themselves and their investments in their business how few people actually set or even have financial goals and i was wondering if maybe you could talk a little bit about that and how one would go about even setting goals for themselves financially because obviously this is a subject in general we're never taught about how to even set a goal so i think it's a daunting task to people so for someone listening that says hey this is great i want to make it on to your to your live event and i've never really thought about setting goals like how do you get that process going yeah i mean that's such a great question right so um again back to it's almost individual don't if your own specific deals like if i say hey let's have success in 2021 or let's make sure you're you have success with your finances in 21 well what is success to you right success to me success to you is different so um i like to just kind of break these down into super simple concepts so imagine that you wanted to go somewhere and you hopped in your car when you started driving but you didn't know where you were going you didn't have a destination in mind right you were just wandering and sure maybe you find a couple cool things here and there but there was no destination in mind so the first thing is like if it like anything right you decide okay where is it that i want to go so that's the first step right if you were using google maps or you're at the mall on the little info thing either way where do i want to go and then the next step is where am i now so once you've identified those two things then you can make that plan and then if i'm using google maps am i walking am i driving am i going by public transit right what stops do i want to make along the way we can make that plan but it starts with as you just said right what's the goal where do you want to go so for example you want to retire in five years you need two thousand dollars of income for that okay that's one goal um maybe i want to send my kids to college in 15 years pay for my daughter's wedding i have daughters so i say that maybe that's your goal right so you need to identify what your goals are what your stops are along the way and most people haven't really taken the time to think through that and maybe a lot of this because they think that it might be too difficult like well i don't know how to change my position or what i'm doing well that's the plan let's not focus on the plan yet let's first identify where we want to go and so exactly what time frame how much money right those types of things and then where am i at right now so those are the first two things that have to be done so if you were teaching an event if you're teaching a business or finance or an investment course and you were teaching it to you i think you said your daughter's 16 let's say you were teaching it to uh 16 18 22 year olds or really i guess anyone regardless of age what would you think would be the core principles that you think are most important for the world that we're heading into in 2021 i know you you go into a lot more depth of them on on your on your live event but what do you think are the most important things for for people like me to to to grasp and understand well this is a this is going to be a super big concept answer and it's not specifically in related to investing but it is related to investing so i would say to answer that question again it's a big question the single biggest thing for investing for all areas of life is living with intentionality being intentional about what you're doing deciding in advance what i want to happen what outcome i want and then intentionally building to get that outcome so whether that be my health whether it be my relationships whether it be my business whether it be anything and i know you study this stuff a lot and i'm sure you would probably agree but you know most people are living uh by by happenstance right just like whatever happens uh people are victims it's like being in a sailboat in the ocean but without a sail without a rudder right i'm just getting blown around and so we need to live with intention we're not victims you know we we're not you know maybe we're not in the best circumstances maybe we weren't born with the right circumstances but wherever we are we are it's the future right where do we want to be in the future and so living with that intentionality so if that comes down to your finances how much money you need to make how much money did you save how much income do you need to generate uh deciding that in advance like i said where you want to go and then making that plan and living with intentionality clearly defining my financial goals in my life is probably more than anything it changed my life more than anything you know when i finally was like i wonder if this will help at all and actually writing them down and it's amazing how you know none of us do it and especially right now as you said it is so important um what do you think are the best what do you think are going to be the best investments in in 2021 i know you go into it a lot more when when you're running your your event but where do you think the the money is gonna be running yeah so you know we have our goal where we want to be if that's how much income or how much savings or whatever by what date we have where we are and now now it's that plan so that plan then gets into the part what you're talking about right okay what do we expect to be coming at us in the market and how are we going to respond right i talked about having that plan in advance so um we 2020 shows us that we don't know right there's a lot of things that happened in 2020 that nobody would have ever guessed um i mean we did see the market was already breaking up previous about september of 19 it started breaking up but of course nobody knew there was going to be this global pandemic and the whole world would force you know business to shut down nobody knew that and so 2021 tells us there's more things that we don't know coming up but but one thing we do know for certain one thing we do know probably 99.9 certainty is that um unemployment's probably going to stay high uh people are still going to be struggling the government's still going to be broke um they're still going to be needing to spend twice as much as they're bringing in every year so all that leads to one certainty and that one certainty is massive money printing massive money injection so we pretty much know that um and so then what is that going to do so to answer your question where you know where's the best places to put money well it's going to be the places that are affected by this massive money printing we saw about 6 trillion printed in 2020 printed created injected however you want to call that i would guess we might see 10 trillion in 2021 and so what are the things that work on that now i work off something that i call my four pillar blueprint i call it like a two by four method so there's really two levers we need to look at inflation i'm going you look at gdp growth economic growth when you look at those two levels inflation economic growth and then you divide there's four different sectors of the market where money can flow to and those two levers tell us where the money is going to flow to it's kind of like wayne gretzky as he said like skating to where the puck is gonna be so when they create this amount of money it's gonna it's gonna one it's gonna drive up asset prices they're creating an unlimited amount of fake fiat counterfeit money and that's gonna push people to go buy real hard tangible assets so commodities we you know i know you're all about uranium and silver and gold so commodities for sure metals things like that food things like that as well food prices are starting to skyrocket right now um as well as you know bitcoin because it's a it's an asset that can't be manipulated so it's a hard asset right um and things like that i think are going to be the best places to be for 2021. so when you're running this event give me give me an idea of the process that you're taking everybody through so it starts at goals and then you're breaking down expectations for the market give me give me an idea or that or the listener an idea of of of what you're taking everybody through yeah so i broke it down into three days so it's kind of bite-sized digestible so you can get through it um so day one is really again like we either win or learn so what can we learn from 2020 and we'll kind of recap what happened throughout the year uh the market movements um things that we could have done in those different stages so really it kind of recaps 2020 what we could have learned from that or what we should have learned from that and then day two really goes into 2021 okay now that we know those things how can we do better in 2021 so then day two really breaks down what we need to be doing what we should be doing how we we can do things better now that you know now you've learned the lessons you know what to do then day three goes into what are we expecting in 2021 what do we expect from the market who are the players uh obviously we talked about the money printing where is that going to go and then specifically which categories which assets we buy so then specifically what are the things that we should be doing where should we put our money what am i doing with my money and then we're gonna do a live question and answer to make sure everybody is up to speed good stuff good stuff so for everyone listening the links right there down below in the description it's free to sign up and when i heard mark was doing it i thought it was awesome so i told him he should quickly come on and um and we could break it down a little bit more let me ask you mark for your own self watching what's happened in 2021 you know you're you're obviously a very um you have a lot of self-reflection what are the things that made you what did you learn most and in which ways did you did you pivot most in which ways did did you um you said you you either you either learn or you lose what what did you learn most about what happened in 2021 and how it will affect your finances and your business and your investments going forward well i said we either win or we learn when we learn i'm sorry what did i say when we lose i mean it's the same thing but i like to focus on the positive uh but um but yeah so what did we learn so i think you know for me uh the biggest things that i've learned is that um maybe i think i'm a little bit smarter than most because i'm really paying attention uh but at the same time uh even for myself maybe i didn't pivot as quickly as i should and so that's one of the things that i really reinforce is that we got to be paying attention like now is not the time to be like making all your money and handing it off to somebody and letting them blindly invest into some 60 40 you know type of portfolio we really have to be paying attention and so even for myself i kind of had that plan but i even i didn't expect things to happen as fast as they did um so i could have been better um at pivoting quickly so you know we did close longs i did flip short i shorted the market down that worked out pretty good took some positions on the way back up but i think that was definitely one of them the other thing is that i underestimated um the response that the federal reserve was going to have um so i've lived through i'm kind of old now i've lived through a couple of these crashes i actually got my start in a 95 investing coming out of the 89 to 92 crash i invested all the way to the com crash through the 2008 crash but we've never seen anything like what the federal reserve response has been and so i underestimated how heavy they were going to go in and because i underestimated that i didn't underestimate how much the response or how fast things were going to move based off of that so it was something new for me you know i'm learning every day as well and so those are probably the biggest takeaways for me personally do you think that in 2021 we'll see you know you said you anticipate maybe 10 trillion versus six what are your expectations for 2021 um and you know obviously we've got an incredible amount of people unemployed an incredible amount of people that can't pay the rent or mortgage that are basically you know aren't allowed to be foreclosed or evicted upon we've got you know they say like 50 of small businesses will never they're permanently closed what are your expectations for 2021 from a policy and a fiscal perspective from the fed and the government what do you anticipate well we really have three different things that we need to be focused on and two of them are kind of wild cards one of them is an extreme wild card so what i mean by that so you know when we look at the markets we look at market cycles we look at you know the market should be driven by the economy so we look at all these different things the market cycles the timing the economy debt ratios all these things and that tells us what we should be expecting the problem is today the markets are not being driven by the economy like they used to today the markets are not moving like they are supposed to instead they're being moved by the fed what the federal reserve is going to do how much money they're going to create where they're going to inject it and so that's a wild card we don't know what's in those seven board governors heads and what they're going to do obviously they telegraph some of this to us and so we're always trying to anticipate that um so one the market tells us we need a correction and a lot of people are calling for this you know i know you've had people on your channel as well they're calling for this you know 60 70 80 correction next year that's what the market needs that's what the market's telling us should happen and so those people are not wrong in saying that and there's a chance that that we do see a 70 80 correction next year you know the markets crashing potentially real estate crashing et cetera but the wild card is what we don't know is what the federal reserve is going to do are they going to print 6 trillion more 7 trillion more they could decide you just mentioned now you know a moratorium on rent evictions for example moratorium on rent or on home foreclosures they could say no homes are getting foreclosed on we're going to print 6 trillion dollars give to the banks and there's gonna be no real estate crash they they could do that and they're showing us their willingness to want to do that so that's definitely a wild card um but then it's only gonna work for so long so they're gonna be able to try they're gonna be able to keep this patient on life support for only so long and eventually it dies so that we pay attention but then there's some so so i think there's a i hate to be wishy-washy here but there's a 50-50 chance here the market should crash and all those people you know harry dent and david hunter you've had on their show they're not wrong in calling for that um but we don't know what the fed's gonna do so we have those two things at play but then there's a bigger thing at play which i know you've been talking and really digging into as well you had lynette on your show the other day talking about you know this great reset that's happening so we have the country right we have the us uh you and i we're in america well i'm not actually in america right now but uh right we focus on the us but there's a global movement happening right now and so now we have you know the great reset and things like that that are in play and so that can basically usurp what the united states is trying to do and we know there's a bigger global agenda at play and so all three of those things are hanging in the balance and so what you and i have to do is we have to understand what those three things are and we need to live in a world where we think about probabilities all right so everybody wants a prediction tell me what's going to happen give me your guess you tell me where the market's going to be at this like that's not how it works no no real investor ever does that we work off of probabilities here's three potential outcomes i've just laid them out for you one is the market crashes two the fed pumps it back up and we don't have a crash three we have a global reset happening on a global level those are three outcomes now we have to assign probabilities to each and then we look at what would what what needs to happen to make either one of those probabilities a reality and then we sit back and we watch it unfold all of a sudden these things start happening we go oh now this probability looks like the most likely outcome oh no wait these things are happening okay now this probability so we have three potential outcomes we assign probabilities to each we understand the steps that need to happen for each of those things to take place and then react accordingly does that make sense yeah that's b yeah that's beautiful um obviously for everyone listening mark is a very thorough and and well researched person and i'll be on his uh on his live event a live event so i recommend everyone go to the link in the description and go ahead and and sign up for it it's free and i thought a good last way to kind of end is you talked about it the first time you and i chatted um when i basically i forget exactly what my question was but i essentially said like what's the most important thing people need to do to prepare themselves financially you kind of said well you know everyone talks about bitcoin or gold or silver but they they don't really realize that the number one that the number one thing is increasing their income and you know i i firmly believe that what's changed my life more than anything is focusing on on growing my income and i think that there is a belief that if you you know put your your you know your money in bitcoin or in mining stocks that you're just gonna get filthy rich from it and that may be so but you need a lot more capital than people actually believe in order for it to be a legitimate return and i think there's this um this ungroundedness in people's expectations you stand by your original premise that you made the first time we talked that um one of the if not the most important thing in 2021 is to really focus on increasing your income and your business and setting your goals clear financially do you still do you still stand by that yeah i certainly do as a matter of fact in the training i go deep into these these topics because it is so important so i do cover that so um to your point we in the training i talk about mindset so mindset's a big thing and a lot of people think mindset investing what are you talking about but as human as humans our human nature makes us horrible investors it does we suffer from normalcy bias we suffer from recency bias we suffer from uh confirmation bias and then as humans we're really motivated by two things rushing towards pleasure and from pain and so i i discuss how we can first identify with these these problems that we have and how we can navigate around them but i and the reason why we talk about mindset is to your point you know people think oh if i can just get this one hot stock or this you know if i can just get into this next crypto i can get rich well the problem is just getting rich isn't enough and we know this because we can look at thousands of musicians rappers football players who have made tens of millions of dollars lottery winners and they're broke and so it really comes down to having that mindset so that's why i do spend time talking about that i also talk about income making more income and so there's three ways that you want to focus on money right one is making money two is then growing that money and then three is protecting that wealth and we talk about uh increasing that income in ways that you can do that um and and that's the most important way we always need to be making it i give some tips you know obviously the very high level simple answer is if you want to make more money you have to provide more value the more value you provide to the more people you provide the more you're going to get paid and then i kind of break that down a little bit but um to answer your question yeah everybody needs to be focusing especially on 2021 how the how is the most powerful question you can ask how can i make more money what services can i provide what skills can i increase to go provide more value to the world beautiful yeah i'm glad you're doing that because to me it's it's it was the most life-changing thing i always you know was focused on penny pinching and i'm gonna save this percent but i realized my my problem wasn't that i wasn't saving enough money i wasn't making enough money and i was really focused so much on constriction and it we we tend to think that we need to be these rocket science entrepreneurs to you know make a good six or seven figure business and so and i think that it's not as difficult as we think you broke it down in a powerful way it really comes down to how so i'm glad you're going to be helping everyone um break that down because i think that um we don't really you know if you make whatever you make 50k 100k it's easy to think that you're fine right there but i think that it is very uh misunderstood when the cost of living is rising i mean even a million dollars isn't gonna keep you for the rest of your life and and i think that's why it's so important so um yeah and two and two that and to that point you know um you're absolutely right a million dollars is not what a million dollars used to be um and i get asked all the time you know i see thousands of comments a week through all my channels and social media and whatnot and you know i only have 500 to invest what should i do with it or i have thousand dollars to invest and i did a video a long time ago if i only had a thousand dollars to invest what would i do and if i only had a thousand dollars to invest i would invest in myself i'd go buy a course i'd go take to do something to increase my own level so i can go make more money if you only have 500 bucks to your name i wouldn't worry about putting in a bitcoin or a gold stock like i'd probably take that 500 bucks and put it into yourself to figure out how you can do that now in my recent video where i kind of broke this down i talked about you know some of the stuff that i do personally and so i like that there's a saying if your net worth isn't increasing increase your net work and so for me last year i joined two different high-level masterminds you know these are ten to twenty thousand dollars each and the reason why i pay that amount of money is because now i have access to another 10 15 people that didn't have access to before that are on a higher level or at least in the same level and we start sharing ideas and that 10 20 000 that i paid wasn't an expense it was an investment because now i've made multiple times over that and uh and you know in the future my goal for 2021 is to join two more um so i can continue to expand my network and continue to expand my net worth beautiful yeah i think that i think it's well said is it you know it's like what do i do with my thousand dollars i mean the best thing you could do is go pump that into something that can make you a thousand bucks a week and that's probably going to be a business or developing developing your own skills so um for everyone listening uh mark's got his live event coming up it's free it's online gonna start at helping you break down your financial goals looking at look forward looking at 2021 how to prepare our investments breaking down some some strategy to grow our income to grow our business what in conclusion mark what's the number one thing you're most excited to to to teach um in in this live event i would say well shoot there's a lot of it broken down but ultimately if i was going to boil it down i mean the thing that i'm excited to teach is just to kind of open people's eyes up to what's really happening what's really to be expected moving forward and the best way to navigate that because i feel that you know i think the stat is about 65 of americans report that they lose sleep thinking about their finances and so i mean that's just a horrible statistic i mean that's just unbelievable to me that 65 of people are losing sleep and so i think people need a little bit of clarity uh you know there's a lot of confusion and people are uneasy they're stressed out over this and so probably the thing i'm most excited is to give them that clarity like look here's what's happening here's the three or four things you need to be watching so you can see this unfold and here's the two or three things that you need to be doing to navigate this correctly and so i think just giving people that clarity hopefully brings in that peace of mind gives them that kind of security hopefully they sleep better tonight amen so if that's if that's you um if you've if you've been struggling a little bit financially you're not where you want to be yet um i really believe that in one year you're i really believe in one year your entire financial life can change so if that's you or you had a great year but you realize you want to you want to double it you want to triple it you want to keep growing then head over right now to link in the description to sign up for mark's free event coming up where he's going to walk you through and help you break all of this down and uh mark any final words um you know i'll sign it off kind of the way that i've been signing up things off lately which is i just like to tell people remind people look it's not your fault whatever whatever circumstance you're in today might not be your fault but what is your fault is if you don't take action moving forward right we're not victims as i've already kind of made the point it's up to you to decide right now to change right to build that better life build that better future live with intentionality as we've discussed already and so i just want to encourage everybody whether you come join my training or not you're already taking the right step by even watching these videos by watching jake's channel so uh congratulations on that but yeah the future is not set the future is yours to create so everybody let's start off the right year the year off right and set out the you know set up to build the best year of your life okay everyone thank you for watching this video leave a comment down below and let us know one thing you learned from it in the description right there down below you can sign up for mark's event make sure you hit the like button on either side right over there and i'll see you this week