Episode 29: All Things Recession, Part 2 with Brock
Following up from last week’s discussion about recession and what it is, I’m back with Brock to talk about some strategies we can use right now to prepare.
Millionaires can be made during recessions. Opportunities abound for those who are able to take advantage of them.
There’s a few things we recommend:
Have 3 months of minimum monthly expenses saved up
Don’t bail out on your investments, but don’t check them all the time either
Make business decisions logically, not just emotionally
Don’t react to the panic!
Invest in some technology to save you costs later
Finances can be scary to look at, but it’s especially important right now. We have 2 opportunities available to you to help!
Free 5-day Get Your Money Right Challenge: https://thefreelancecfo.kartra.com/page/GetYourMoneyRightChallenge
Brock's strategy session: https://thefreelancecfo.biz/consult-calls
We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!
Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.
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Music credit: Neon Fairies by Wolves
A Podcast Launch Bestie production
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DISCLAIMER:
I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.