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Q&A: Preparing for a Recession, Invest $37K or Pay Off the Car, & Active Portfolio Management

Rich Habits Podcast

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Navigating Economic Downturns

This chapter explores effective strategies for managing businesses and investments during economic downturns, emphasizing internal cost management and the importance of an emergency fund. It also highlights the significance of maintaining a long-term investment perspective while providing advice on psychological resilience in bear markets and the practice of dollar cost averaging.

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