On June 10, 2022, the US Bureau of Labor Statistics released its May Consumer Price Index (CPI) report, which showed the worsening state of inflation. Last Wednesday, the Federal Reserve responded by raising interest rates by three-quarters of a point. Yet, the elephant in the room here is not inflation – it is the distinct possibility of a recession.
“The big discussion on the table right now is a recession. Over the last decade, we have seen massive growth in the economy since really about the time of the housing crash. However, now, the supply chain and inflation are causing problems which is an area of concern,” explained DeMarco, a financial powerhouse and founder and CEO of DeMarco Enterprises International, Inc. “Now is a great time to step back and look at what you are investing – and it should be something that could be useful in the future,” he added.
Today’s economic downturn may discourage people from making any tremendous changes in their financial pursuits, but Sean DeMarco of DeMarco Enterprises International, Inc. and DeMarco Real Estate of Southern California, LLC believes that this crisis is the perfect time to invest in oneself. While industries are rummaging for ways to stay afloat and the world is bracing itself for recession, individuals must equip themselves with tools that prepare them for what’s to come. On top of that, it is also the time to cultivate meaningful relationships that have the potential to serve as a launching pad in the years to come.
“After equipping oneself with the right tools and knowledge to get ahead, one also needs to invest in building relationships and interacting with others. Oftentimes, people tend to wreak havoc and fail to communicate with others, which only leads to more problems,” shared Sean.
“At DeMarco Enterprises International, Inc. and DeMarco Real Estate of Southern California, LLC, we are always looking ahead. Which assets will prevail during and after a recession? There is always an asset class to invest in and money on the table,” shared DeMarco.
While many entrepreneurs and businesses are preparing for the worst, Sean DeMarco remains to be positive that the economy will get better. As a matter of fact, he has cited many possibilities for the future, emphasizing the power of digital finance and more. The crucial thing here is how to maintain momentum, which is this power player’s primary goal.
“I am very optimistic about the economy long term. Crypto is not going anywhere, gold will always be valuable, and people will always need a place to live. I am more concerned about people’s mindset right now,” shared the tycoon.
Pounding the pavement to see people thrive during these trying times, DeMarco continues to push boundaries by offering go-getters an opportunity to carve a success-enabling path of their own through his coaching services. Through DeMarco Enterprises International, Inc., Sean and his team raise the bar and deliver success amid adversities.
“I believe in an economy where we all win. It’s all about having a common goal. Sometimes, people want to be successful, but they need direction,” shared DeMarco.