168: How to Prepare for a Recession in 2024
On The Market
Preparing for a Recession: Importance of Cash Reserves
The chapter discusses the importance of creating and maintaining cash reserves to prepare for an impending recession. It emphasizes the need to have six months of cash reserves, or alternatively, keeping all the cash flow in a separate account. The speaker highlights the importance of having accessible funds and adapting cash flow based on market conditions.
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