Things are not looking good for the U.S. economy. This means that things are not looking good for most people’s budgets and portfolios. Things are especially not looking good for the employees that make up the middle class. But the real question is, “How are things looking for you?”
People respond differently to tough times. Some take flight, running away from danger. This could mean avoiding anything that seems “risky,” putting your money in savings or under a mattress, and cutting your spending. Others live in ignorance. These people sit on the couch after work, eat fatty foods, and watch television. They do whatever they can to ignore the reality of their situation. Their favorite phrase is, “Ignorance is bliss.”

Intelligent people fight. They invest in their financial education. They understand that saving money is riskier than investing it in assets that cash flow. They know that building assets are the only way to wealth, and they pay attention to what is going on in the world so that they can make intelligent financial decisions. These types of people flourish in tough times.

In this episode of Millennial Money, Robert and Alexandra discuss why being an employee is the riskiest thing you can do in today’s economy, and how changing your mindset can help you come out ahead during a crisis.


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