On this episode of the WealthBuilders Podcast, Karen Conrad Metcalfe and the founder of WealthBuilders, Billy Epperhart discuss the current economic landscape, emphasizing the importance of preparation and understanding economic updates to make informed decisions.
Billy Epperhart is an entrepreneur, founder of WealthBuilders and current CEO of Andrew Wommack Ministries. He has successfully weathered decades of political and economic ups and downs. Tune in to hear from an expert in navigating economic turmoil. Sowing in Famine: A Biblical Approach to Investing During Downturns
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Episode Show Notes
Economic opportunities during recession
- Billy Epperhart and Karen Conrad Metcalfe discuss economic updates and opportunities in turbulent times.
- They discuss the economic recession signs starting 18-19 months ago, with delayed impact due to stimulus and low interest rates.
Money supply, interest rates, and their impact on luxury goods and real assets
- Luxury goods prices surged in 2022, then declined.
- Central banks raised interest rates, slowing spending.
- Billy explains that the money supply has decreased, leading to a contraction in discretionary giving and luxury goods.
- Interest rates have gone up, causing a decrease in the amount of money available for discretionary spending.
Economic trends and investment strategies for real assets
- Billy discusses the impact of extra money on luxury markets, mentioning real estate and stock market increases during COVID-19.
- He predicts better prices on real assets, stock market, and other investments in the near future, citing central banks’ lower rate talks.
- He also predicts the Central Reserve will lower rates by 25 basis points in September 2024.
Investing in real estate during economic downturns
- Billy emphasizes the importance of sowing during times of famine, like Isaac in Genesis 26, and waiting for the right time to reap a hundredfold harvest.
- There is a need to look for opportunities in famine, like Isaac digging wells, and profiting from the right timing and investments.
- Billy predicts opportunity in real estate within 6-12 months due to current political and economic factors.
- He advises investing in real estate, particularly office buildings, despite the remote work trend.
- Billy believes buying assets during economic downturns can provide long-term returns.
Real estate investing and the importance of staying informed
- Karen and Billy both emphasize the importance of cash flow and biblical perspective during economic downturns.
- They discuss the upcoming real estate workshop and encourage listeners to invest in themselves.
