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Speaker 1: David gets him bebe Rexa. You know, I love it.

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Speaker 1: I know it. It's like I know it from back

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Speaker 1: in the day and I know it from now, and

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Speaker 1: I love it and will be there. I'm good one

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Speaker 1: or two point seven kids of him. Yes, And those

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Speaker 1: jingle ball tickets are coming up in minutes this hour

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Speaker 1: if you want to win minutes away. So how is

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Speaker 1: it the case that someone named Vivian two at your

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Speaker 1: rich bff on TikTok, that's her handle? How can she say,

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Speaker 1: you know the recession is coming, but I can tell

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Speaker 1: you how to profit from the recession. Everybody's panicked and

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Speaker 1: worried and buckling down. But she says, no, I can

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Speaker 1: tell you how to profit from it. And she's proud

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Speaker 1: about telling you that I can tell because she's smiling

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Speaker 1: right now. Vivian two joining us. Vivian, good morning. How

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Speaker 1: are you morning, Ryan. I'm doing great. Thanks for having me,

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Speaker 1: all right, I'm excited. Used to be a Wall Street trader?

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Speaker 1: Huh yep? Did that suck? Um? You know, it was

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Speaker 1: a lot of fun when it was a lot of fun.

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Speaker 1: But there were a lot of early mornings and some

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Speaker 1: late nights, and it wasn't always keen right right, I

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Speaker 1: would think just maybe the keen so so Ivan, you

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Speaker 1: are now giving up financial advice on TikTok, and I

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Speaker 1: was struck by seeing how you're saying, look, I was

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Speaker 1: panicked about the recession, but you're saying, look, there are

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Speaker 1: ways to be really smart about this that are not

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Speaker 1: so obvious that can actually possibly have you profiting from it.

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Speaker 1: So where do we even begin. It sounds like magic

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Speaker 1: to me. Yeah, it's it's not magic. It's very simple. Actually,

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Speaker 1: we're just focusing on compounding. Essentially. When a recession happens. Uh,

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Speaker 1: There's two sets of people, I'd actually say three. There's

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Speaker 1: very very wealthy people who are very much going to

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Speaker 1: continue to live their lives, invest and make money during

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Speaker 1: the recession. They actually see this as a time to

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Speaker 1: buy things on sale. There's folks who are unfortunately living

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Speaker 1: paycheck to paycheck and they are probably going to struggle

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Speaker 1: and suffer the most. And then there's this pool of

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Speaker 1: people in the middle. And these people in the middle

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Speaker 1: have this opportunity right now to make a decision on

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Speaker 1: how they want to spend their money, and if they

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Speaker 1: make some really smart choices right now, that could set

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Speaker 1: them up for the next five years, ten years, however

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Speaker 1: long and give them financial security a lot faster than

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Speaker 1: they thought they could achieve it. Because if you have

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Speaker 1: some discretionary income that you might think to buy a

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Speaker 1: new bag with or by yourself of a nice dinner out,

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Speaker 1: or go on one extra vacation during the year that money. Yes,

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Speaker 1: would it be so fun to spend it on those things,

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Speaker 1: of course, But if you have that discretionary income, if

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Speaker 1: you can set aside part of it, half of it,

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Speaker 1: all of it whatever away to investing right now, you

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Speaker 1: are going to get low, low prices in the market,

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Speaker 1: lower than they have been in the past two years,

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Speaker 1: and inevitably the market has never not recovered, and once

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Speaker 1: it ticks back up, you're gonna be able to ride

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Speaker 1: that wave back up, just along with all of the

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Speaker 1: other very, very wealthy people who are continuing to dump

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Speaker 1: money right now. Okay, so I'm in my car, I'm

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Speaker 1: hearing your voice. I'm hearing what you're saying. What's the

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Speaker 1: first thing you would tell me to do. Yeah, if

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Speaker 1: you wanted to prepare for recession, I would say, first

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Speaker 1: and foremost, it's really important to have your emergency fund.

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Speaker 1: I would set aside six months of living expenses and

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Speaker 1: really really prepare because a recession isn't something to be

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Speaker 1: scared about. It is just a time of really big uncertainty.

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Speaker 1: So it is possible that you may lose your job

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Speaker 1: and need to find a new one. It is possible

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Speaker 1: that you know, your groceries get more expensive, gas prices

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Speaker 1: are expensive, So just having that emergency fund is going

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Speaker 1: to make it a lot easier in case like a

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Speaker 1: tire comes off of your car. So first and foremost,

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Speaker 1: you want to have your emergency fund set. Okay, Vivan

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Speaker 1: two with us. She's on TikTok talking about how you

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Speaker 1: can actually really prepare and profit from the recession that

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Speaker 1: is imminent. Can you help us understand how investing twenty

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Speaker 1: bucks can compound into something big over time. Yeah. Think

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Speaker 1: about it like this. It's essentially a fancy way of

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Speaker 1: saying your money makes you money. So if you have

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Speaker 1: a hundred dollars and you put that a hundred dollars

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Speaker 1: into an investment that gives you, let's say ten percent

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Speaker 1: for ease of numbers, at the end of the year,

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Speaker 1: you would have your initial hundred dollars and then the

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Speaker 1: ten percent on that a hundred, so in total, you

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Speaker 1: would have a hundred and ten dollars. The next year,

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Speaker 1: if you have another ten percent return, you don't get

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Speaker 1: ten dollars, you get eleven because you already had a

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Speaker 1: hundred and ten dollars in that account. It gets bigger

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Speaker 1: and bigger and bigger. And the next year you have,

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Speaker 1: you know, a hundred and uh one dollars, and then

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Speaker 1: you get ten percent on that and suddenly it's not

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Speaker 1: ten dollars or eleven dollars, it's twelve dollars and ten cents.

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Speaker 1: But it's the same percent. And can you tell me

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Speaker 1: what's going to give me ten percent on my money

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Speaker 1: right now? Right where? Where? Yeah? Yeah, So I think

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Speaker 1: people struggle with us a lot. But investing in a

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Speaker 1: diversified portfolio of index funds that just track the broader

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Speaker 1: stock market over a long period of time, we'll get

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Speaker 1: you an average annualized return of ten percent. So that

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Speaker 1: doesn't necessarily mean you're going to get ten percent every

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Speaker 1: single year. Yes, exactly, Some years get five. Some years

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Speaker 1: you lose money. How do you look at spending a

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Speaker 1: couple of bucks on a lottery ticket? I think, as

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Speaker 1: my realistic teacher in high school, said, the lottery is

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Speaker 1: a tax on people who don't know how to do math.

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Speaker 1: You never know one Listen. I think if you're buying

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Speaker 1: a lottery ticket for entertainment, for fun, totally go for it.

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Speaker 1: If you're buying a lottery ticket to bank on making money,

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Speaker 1: it's just not a sustainable or good strategy. You're great,

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Speaker 1: Thank you, Vivian. I want to spend more time Vivian. Two.

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Speaker 1: You can follow on TikTok at your rich bff. But

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Speaker 1: she says, don't panic, be smart going into this arm.

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Speaker 1: Get it all right, thanks for having for coming on.

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Speaker 1: Take care. Thank you so much, but thank you so

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Speaker 1: right now. She's like, what was my return on investment

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Speaker 1: of that time that I spent talking to them in

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Speaker 1: terms of how many followers I'm gonna get? Like, she's

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Speaker 1: in there all right. Tickets to jingle Ball presenter my

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Speaker 1: coupital on their next