For The Love Of Money Podcast | Business | Philanthropy | Entrepreneur | Lifestyle And Success With Chris Harder
628. What To Do If You're Afraid Of A Recession Coming
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:30:18
- More information
Informações:
Synopsis
Lori came to me the other day and wanted to have a conversation about what’s really going on in this uncertain economy, what I think is coming in the future, and how we can prepare ourselves so that we don’t experience a repeat of 2008/2009 when we had to start over from scratch. So many of us are scarred from The Great Recession, but the reality is that there are so many news outlets that rely on fear mongering techniques that make people freeze in fear. In today's episode, I explain how we’ve ended up in this rapid inflation situation, why a recession is usually a self-fulfilling prophecy, and three ways that you can bulletproof yourself for whatever’s coming down the pipeline. IN THIS EPISODE, WE TALK ABOUT: Navigating negative propaganda about the economy Debunking myths about economic recessions Taking a critical look at your monthly spending habits Ideas for how to create a new income stream Why I always suggest having a 12 month reserve in your savings account The single thing that will set us