78: How to Prepare for a Recession

Aug 19, 2024

Discover vital strategies for bracing yourself against an economic downturn. Learn how rising credit card debts and spending habits could impact your finances. The focus is on building an emergency fund and diversifying investments, including surprising options like art. Explore the art of balancing lifestyle enjoyment with disciplined saving and investing. Finally, hear insights about the financial habits of different generations and how to navigate them for a secure future.

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Intro

00:00 • 2min

Preparing for Economic Uncertainty

02:06 • 2min

Financial Preparedness in Times of Economic Uncertainty

03:46 • 5min

Financial Preparedness for Economic Downturns

08:42 • 13min

Balancing Investment and Lifestyle

21:57 • 6min

Balancing Enjoyment and Financial Responsibility

27:49 • 7min