By all accounts, the pandemic is far from over, and if you are lucky enough to be employed right now, you probably shouldn’t be too financially complacent. Last quarter, U.S. GDP, dropped 32%, the biggest quarterly decline in American history. While some people think the economy will miraculously bounce back when we have a vaccine and the pandemic is over, I’m not so sure. There are millions of businesses that will close for good in the coming months and there will be a lot of people unemployed. I think the worst of our recession may still be in front of us. I’m not trying to spread doom and gloom, but trying to encourage caution. I would advise everyone to reduce their long-term financial obligations and remain as liquid as possible. Real estate is almost always a good investment, but it is not the most liquid, so make sure if you invest in real estate, you have plenty of liquid assets that you can tap into if you need them. Small landlords are getting hurt right now because a lot of people are not paying rent. Cash is king, so it doesn’t hurt to keep some money in cash, and if you invest in a business, invest in something with a relatively low-cost structure, especially if you are closer to retirement than you are to getting started. Low cost, high-margin businesses are always the best for smaller entrepreneurs – especially in times like now. Stay liquid, my friends…
To many of us, mass deportations are traumatic and unjust—but they may also force the country to face an uncomfortable truth: our economy runs on immigrant labor. In this episode, I explore how this crisis could spark the kind of national reckoning we’ve needed for decades.
Telling Latinos to prioritize family may sound like preaching to the choir—but when you’re chasing big goals, it’s easy to drift. In this episode, I share why presence isn’t just about responsibility—it’s a source of inspiration, passion, and long-term power. Family and success aren’t opposites—they’re fuel for each other.
Nobody makes it on their own. In this episode, I talk about why generosity—whether it’s time, wisdom, or resources—is one of the most important disciplines we can develop. Latinos are generous by nature, but we often limit that generosity to our families. I share why expanding that generosity beyond our inner circle strengthens our purpose, our community, and our impact.