Wednesday, October 18, 2017 by Martin Mavis
If you don’t de-leverage your finances and pull back on your risk, you may lose everything in the coming collapse.
Podcast Transcript: “You may not have seen this on the news yet, but there are almost a hundred thousand homes that have been destroyed in the Houston area alone by the flooding associated with hurricane Harvey. Now this is not a podcast about a hurricane Harvey, but rather an angle that many of you maybe haven’t thought about – or if you have, you’re very wise. But here it is. A lot of young people… I’m hearing this through people I know, because of course I live in Texas. I went through the hurricane. The hurricane enveloped my ranch, our warehouse, our Health Ranger Store operations and everything… We went through the hurricane. But it didn’t hit us nearly as hard of course as it hit Houston. But I’m hearing from people that I know, that there are young professionals, who are just 1 to 2 years out of college, and because it’s been booming times and there’s easy credit and so on, they had purchased homes. Many of them. They purchased homes in the Houston area and of course took out loans like young home buyers do. So, they owe 90% on the home or something in that range… Well, guess what. Most people didn’t have flood insurance…” Listen to the full podcast below