11 Timeless Habits To Survive Any Recession

Building Your Money Machine

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2M ago 34:22

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Welcome to another empowering episode of the Building Your Money Machine Show. Today, I'm exploring the timeless habits that can see you through any recession without breaking a sweat. We've all experienced the anxiety of economic downturns, but here's the truth: recessions are inevitable, yet financial ruin is optional. This episode is your guide to thriving in any economy, not just surviving.

I speak candidly about how the right financial habits, not just income, can differentiate those who profit from recessions from those who fall victim to them. I share stories from the 2008 financial crisis and even the Great Depression to highlight how savvy individuals and investors turned turmoil into triumph—Warren Buffett, anyone?

From building a robust emergency fund and prioritizing essential needs over wants, to expanding your income streams and understanding the nuances of investing steadily—I've got you covered. We delve into avoiding high-interest debt, setting a recession-proof budget, and leveraging your skills for greater earning potential.

IN TODAY’S EPISODE, I DISCUSS:

Building a recession-proof emergency fund for peace of mind
Prioritizing essential needs over wants to avoid unsustainable lifestyles
Expanding your income streams to increase financial security
Investing in skills for long-term financial growth and job security
Creating a diverse, inflation-resistant investment portfolio
Networking strategically before you actually need it

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