Recession-Proof Your Business (w/ Steven Van Metre)

Steven Van Metre is a certified financial planner, the inventor of the Portfolio Shield™ trading strategy, and a financial media personality.

Steven transitioned from IT to financial services and found that he had an especially capacity to automate the systems of running a financial practice. In conjunction with producing a regular YouTube series, Steve has built a dynamic and highly-profitable practice.

The extra time he has been afforded by his commitment to automation has allowed Steve to research market structure deeply and come to some fascinating conclusions about deflation and the policies of central banks.

In this episode, Steve and Aaron discuss the risk of deflation, how small businesses can prepare, and how Steve has built his practice.

Timestamp

00:00 Intro
01:12 What is deflation?
03:50 Inflation and borrowing money
06:36 Why Fed wants inflation?
07:56 People tend not to want to pay on depreciating asset
08:13 Relationship between wage growth and inflation
09:26 Risk of Deflation on Business
11:03 Lack of Money on hand: A common reason why businesses fail
17:04 Listen to what the clients want and don't be afraid to fail.
20:26 A call from Brent Johnson for an interview in Real Vision, change my business.
25:44 The Impact Of Technology And Automation in his business
33:24 Restructuring his business around his disability and it works
38:29 Actionable Personal Challenge