Prepare For A "More Severe Than Expected" Recession In 2023

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  • Опубликовано: 5 окт 2024

Комментарии • 73

  • @nickhunter2262
    @nickhunter2262 Год назад +8

    You hit the nail on the head. Trucking has been tough the last couple of months. I was ready to give up. When my wife told me last week that I looked defeated it struck a nerve. I knew couldn't give up and I had to move forward.

  • @krisfallon8930
    @krisfallon8930 Год назад +1

    So happy to see you You have such a beautiful soul ❤

  • @MrYamaha413
    @MrYamaha413 Год назад

    Universe is in constant motion and life is like riding wheel ones u r on the top ones on the bottom but one thing is certain its rolling 😇

  • @themendozafamily5055
    @themendozafamily5055 Год назад +3

    Man I needed to hear this . Thank you for being the person you are Nick . Keep doing what you do man!

  • @TimRHillard
    @TimRHillard Год назад +1

    Most of y'all will be too young to remember this, but In the late 70's Jimmy Carter was president and things were really depressing and allot of Americans were very negative about America. Lots of things happened to turn it around, but the orchestrater of it all was Ronald Reagan. I joined the military because I love this country, and I wanted to serve under Reagan, which I did.
    We are in the same place again, and I believe Ron DeSantis could be our Reagan. Politics were not as nasty as they are now. DeSantis has time against him, its a long ways to go to the actual election. Watch for the democrats to really try to discredit him.
    If you can make it somehow till 2024-25 time frame, things financially should turn around.

  • @larryburns4605
    @larryburns4605 Год назад +2

    When working as a repo guy I had some shops I did towing of customer cars to there shops and made great fill in $$$.

  • @Brotherhoodonly
    @Brotherhoodonly Год назад +2

    Trucking or not. What you have just shared with us is spot on man. Thanks for taking the time to make this videos and keep them coming. 👏

  • @annisranch6950
    @annisranch6950 Год назад +1

    Good advice, your a light in the dark man! You may have just found the new direction for your channel

  • @abrahamjackson6019
    @abrahamjackson6019 Год назад

    You mention depression mode, that's a luxury or coping mechanism. People like you I and many other have too simply keep going on. No time for depression we keep pushing regardless of our mental state...

  • @rorypengov6789
    @rorypengov6789 Год назад +2

    Missed you Nick good to see you back

  • @Sonoma_Coast
    @Sonoma_Coast Год назад

    Grocery business is still good here in Nor Cal. No slowdown.

  • @JaffaGaffa
    @JaffaGaffa Год назад +1

    You are right, there is a Huge crash comming down on us. React. And tke care of you´re selfs out there. Hunker down and survive

  • @concepionlucas958
    @concepionlucas958 Год назад +1

    Velox 18 and family, so nice to hear from you. Because of your family upbringing, work ethics (family provider, blue-collar worker/customer services, transporter of valued goods you have an developed an unique empathy to the world around you. You are right people are in pain. Thank you for reminding us to keep our faith, stay positive and dodgely keep our heads up. You message has reached one and may it spread forward.
    On an other note like all jobs/business there is an adjusting growth and learning period. All your hard work you have done in the past has train you to continue on your path to success. Stay healthy.

  • @BiggyBollocks
    @BiggyBollocks Год назад

    So glad that you got out of trucking when you did, as it is absolutely brutal right now.
    Luckily you are native to the US and have a variety of other skills, but a lot of the foreign-born drivers who speak poor English are completely stuck with nowhere to turn right now.

  • @Jonesy21852
    @Jonesy21852 Год назад

    👏🏻👏🏻👍🏻💯

  • @tommythompson3588
    @tommythompson3588 Год назад +3

    Well,what do you expect when folks live way beyond their means for years on end. When things tighten up and they start to feel the effects of their own bad decisions,they want to take their frustration out on everyone around em. As far as trucking goes, this is a correction not a downturn. A lot of folks in this business today got in this when rates were upside down with astronomical equipment payments,high home expense,ie,living beyond their means, but now when the market corrects it's bad news for a bunch of folks. They're in way over their head financially and otherwise, plus their upside down in home,equipment,automobiles at home, and tons of credit card debt from buying everything from meals to fuel and parts,repairs. In my opinion, you need to be able to save no less than 18-20% of every dollar you make to put back for a rainy day. It never fails to amaze me that some of the very guys that are going broke, have no idea how to help themselves such as slowing down. Driving 75-80 mph every where you go isn't conducive to savings,but what can you expect from steering wheel holders these days.

    • @Dubya9W9
      @Dubya9W9 Год назад

      It's always the same story! Short term Satisfaction over Long term Happiness. Keep up with the joneses

  • @truckinfool3550
    @truckinfool3550 Год назад +2

    It’ll always be Grover City to me, there’s no beach there…

  • @curtfenslau3645
    @curtfenslau3645 Год назад +3

    I thought it was funny you used the fast food restaurant as a reference, well not funny but so this has been my lowest point in 25 years in trucking everything went bad all at once, so story is I asked my daughter what she wanted before I went in just something off the value menu thing she said, so I go in and catch myself seeing what I can buy that’s affordable that’s inexpensive and it hit me after 25 years of killin myself on the road keeping my trucks moving I’m now trying to pinch pennies at Mcd’s the thought is if it’s this bad for me how bad is it for others, others that haven’t been able to accomplish what I have. God bless everyone and I hope we all come out of this down turn soon.

  • @haroldbacker5915
    @haroldbacker5915 Год назад +1

    2023 is going to make 2008 a joke

  • @nicholasdavis2833
    @nicholasdavis2833 Год назад +1

    I sure needed that uplift because it sure is hard out here. I’m pulling Reefer and these brokers and shippers suck butt. Nobody wants to work and customer service is out the window. Got to get your overhead cost down because the profits are not matching. Got to weather the storm!!!
    Thanks,

  • @ShannanThomasTrucking
    @ShannanThomasTrucking Год назад +1

    Great to see u doing great brother BE BLESSED 🙌

  • @twitafftwitaff7029
    @twitafftwitaff7029 Год назад

    Totally 100 percent agree with you Nick. Don't freak out. Get knowledgeable on what is happening around you in
    the world. Then set yourself up to too take advantage of the inevitable upswing when it arrives. 👍

  • @DarthPaddius
    @DarthPaddius Год назад +1

    Totally didn't see this vid until now, but it's good to hear from you. I understand how you feel about starting a business, and yeah it's hard and takes work, I've done it a few times in my life. Sounds like you are in the right mindset though. All the best brother, to you and the family.

  • @dandiaz2275
    @dandiaz2275 Год назад

    Thanks for sharing, it helped me! God Bless you brother!

  • @mattmccool9243
    @mattmccool9243 Год назад

    ayyyyyyyyy. was hoping you post soon. awsome video brother

  • @SparkeyCox
    @SparkeyCox Год назад

    With a recession coming - I am glad I prepared ahead of time. Got out of debt and am making careful choices not to face repo's or financial ruin. Everyone - just hang in there.

  • @jasonkenney5575
    @jasonkenney5575 Год назад

    Be blessed brother.
    Keep yeah head up no matter what goes on around you.
    In Christ,
    Jason.

  • @MakeCentsTrucking
    @MakeCentsTrucking Год назад +2

    Good stuff bro 👊 It’s coming. Can’t remember the model name, but the average income vs home mortgage price range ratio makes 2007 look like amateur hour. It is flawed tho because of the Dollar value, now vs. 07. But the amount of debt the average person is in is crazy.
    I’ve spent the past few months making moves and arranging things for it to hit. Now is the time to consolidate monthly expenses.

  • @jarredholt5037
    @jarredholt5037 Год назад

    Good sound financial wisdom Velox…since Covid people are more on edge

  • @josephlucas-sylvester1348
    @josephlucas-sylvester1348 Год назад

    Pretty cool to see that you are from my hometown of Grover City/Beach out there doing what you gotta do to get by! Wonder if you know any of my family members that all live up in SLO County, the Sylvester and Vieira Families, you might if you have been living there for awhile. Anyhow, I enjoy watching you what your doing and will continue to now always watch your video's. You take care and be safe out there on the road or doing whatever it is you are doing at all times. Maybe we will get to meet up sometime if you are still around the area whenever I get up that way sometime.

  • @alexgon9627
    @alexgon9627 Год назад

    it's like that old saying. "you got to roll with the punches "

  • @DIYSEMI
    @DIYSEMI Год назад +2

    The great bacon wars of 2023

  • @davidsimons6881
    @davidsimons6881 Год назад

    People are turning away from God.

  • @craigklopfer5278
    @craigklopfer5278 Год назад +2

    Democrats are making your business boom best of luck KEEP ON REPOING👍👍

  • @DRTrucker
    @DRTrucker Год назад

    Glad things are going well. You are Blessed to be in TN. If you haven’t found a church yet you might want to check out Global Vision Bible Church in Mt Juliet. Crazy movement of God going on there!! 🙏🏻

  • @rorypengov6789
    @rorypengov6789 Год назад +1

    Well said bud people are rude and angry and they have a reason but tomorrow is a new and better day you just have to look at it that way

  • @joeferreira7382
    @joeferreira7382 Год назад

    It will come together GOOD luck NICK
    be safe take care yourselves NICK

  • @dbag222
    @dbag222 Год назад

    Holy fuck, you’re from grover beach?!

    • @Velox18
      @Velox18  Год назад

      Nipomo actually, but yes... 805 most of my life

  • @bonniem.pederson7105
    @bonniem.pederson7105 Год назад +2

    👍🙏

  • @kevinryan8168
    @kevinryan8168 Год назад

    Hey Nick good too see ya keep videos coming bud have a good one

  • @Bobhenry-c7z
    @Bobhenry-c7z Год назад +3

    Thanks for this breakdown from a personal angle I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?

    • @purplebliss6875
      @purplebliss6875 Год назад +2

      you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

    • @lindamattalom
      @lindamattalom Год назад +1

      @@purplebliss6875 I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $400k from an initially stagnant reserve of $150K all within 14months

    • @rebeccaartgallary
      @rebeccaartgallary Год назад +1

      @@lindamattalom I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

    • @lindamattalom
      @lindamattalom Год назад +1

      @@rebeccaartgallary I personally I work with Deanna Lynn Renfro a registered Investment advisor. Quite renowned, search her name to get in touch

    • @rebeccaartgallary
      @rebeccaartgallary Год назад

      @@lindamattalom Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call

  • @jimmybeasley6008
    @jimmybeasley6008 Год назад

    Yeah I’ve been saying the stock market makes no sense.

  • @Rebelious805
    @Rebelious805 Год назад

    The way I see it we’ve been in tough time since covid started and these fuel prices. First it was people fighting over toilet paper now it’s the eggs what’s new velox!!!😅

  • @blakelong9214
    @blakelong9214 Год назад

    Do you still have your amazon relay account?

  • @dennisrichardville4988
    @dennisrichardville4988 Год назад

    I been thru three recessions this is worse....

  • @glennbryant1292
    @glennbryant1292 Год назад

    Have you overcome the fear of being El Guapo

  • @edwardwilliams9874
    @edwardwilliams9874 Год назад

    Aaaaaa brother 🙏

  • @survivetothrive21
    @survivetothrive21 Год назад

    You’re not wrong, man. I see it all the time too. Lots of negativity out here lately. Not just in our niche, but in general.
    Right now it’s ALL about the ability to adapt and overcome which might mean doing things you don’t WAHT to but it keeps you in the game, and if you can do that, you’re extremely successful right now. May not feel like it, lol, but that’s just how it is right now
    Keep it up! I’m selling my hood truck too and I just had someone on my channel tell me first your truck, now mine lol. But I’m still in trucking, just bought a fuel efficient truck is all. I’m sure you’ll thrive with this new business! Like every new venture, there’s a learning curve is all.

  • @F8truckin
    @F8truckin Год назад

    When can we see a trucking vlog again?

  • @edwardwilliams9874
    @edwardwilliams9874 Год назад

    Take care brother praying y'all's having a great safe blessed week and a safe weekend. Nice to see ya again stranger lol joking

  • @rshotrod1965
    @rshotrod1965 Год назад

    Well, I almost made it through 3/4 of the video.

  • @adambennett2176
    @adambennett2176 Год назад

    Cash is king baby!!!! Diysemi!!!!!

  • @MICH43LZ
    @MICH43LZ Год назад

    your in the right business for the recession if you can handle death treats haha , stay safe.

  • @chriswalshtv
    @chriswalshtv Год назад

    Hey what’s up bro how are you

  • @faheem252
    @faheem252 Год назад +1

    It means you are praying for recession😂

  • @tanuki379
    @tanuki379 Год назад

    Don't drink the Kool aid

  • @ihguy2113
    @ihguy2113 Год назад

    go where the money is at trucking anit it right now

  • @kellybartok50
    @kellybartok50 Год назад

    Tow truck ? You’re better off opening up a donut shop, raspberry filled donuts 😊

  • @tonywebb9658
    @tonywebb9658 Год назад

    Talk talk talk 🤷🏻‍♂️

  • @MrCooljss
    @MrCooljss Год назад

    What was the point of the video? To state the obvious…..man now I know why I stopped watching you….worse than watching paint dry!

  • @pomegranate6221
    @pomegranate6221 Год назад

    With " currency " being over your head ... Look up digital currency - CBDC. Our government plans is to have this in place sometime next year. The US dollar/Petro dollar is dead... People better start planting gardens and get some chickens !

  • @survivetothrive21
    @survivetothrive21 Год назад

    You’re not wrong, man. I see it all the time too. Lots of negativity out here lately. Not just in our niche, but in general.
    Right now it’s ALL about the ability to adapt and overcome which might mean doing things you don’t WAHT to but it keeps you in the game, and if you can do that, you’re extremely successful right now. May not feel like it, lol, but that’s just how it is right now
    Keep it up! I’m selling my hood truck too and I just had someone on my channel tell me first your truck, now mine lol. But I’m still in trucking, just bought a fuel efficient truck is all. I’m sure you’ll thrive with this new business! Like every new venture, there’s a learning curve is all.