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3: How to Prepare for a Recession

Rich Habits Podcast

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Navigating Financial Uncertainty

This chapter explores the key differences between fixed-rate and variable-rate loans, highlighting the risks of variable rates amid an economic downturn. It provides practical advice for job seekers and homeowners on enhancing resumes, diversifying income sources, and maintaining an effective online presence. Additionally, the chapter discusses smart investment strategies during recessionary times, stressing the importance of building a strong financial foundation through diversified investing.

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