To learn more than ever from important non-fiction books, join me on Shortform: You’ll get a 5-day free trial and a 25% discount on your annual subscription. One of my favorite books on Shortform is One Up On Wall Street by Peter Lynch. The 2023 Recession is coming according to every media outlet and it's apparently 100% certain. And once again we see everyone panicking, stocks selling off and investors throwing toys out of their prams. But is it really all that ugly? Here's a different perspective. ☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE 💵 GREAT INVESTING APPS I USE INTERACTIVE BROKERS (Global - Main investing app I use) GET A FREE SHARE WORTH UP TO £100 WITH TRADING 212 (UK & Europe) You need to sign up and make a deposit within 10 days to get a free share. GET A $10 BONUS WITH LIGHTYEAR (UK & Europe) You need to use promo code "Sasha" and the bonus is awarded after your first trade. DISCLAIMER: Your capital is at risk. DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk. DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise. DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional....(read more)
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As the world grapples with the COVID-19 pandemic, experts are predicting that the global economy is headed towards the biggest recession ever. The International Monetary Fund (IMF) has already called it the worst economic downturn since the Great Depression of the 1930s. Various factors, such as heightened levels of unemployment, slowed economic activity, and a decrease in consumer spending, have triggered a chain reaction that is shaking the foundations of many economies. To avoid drowning in the incoming recession, it is vital to prepare. Preparing for the worst is the only way to stay ahead of the curve and mitigate the impacts of the recession. Here are some things to keep in mind to help you prepare for the upcoming recession. First and foremost, prioritize your finances. During a recession, there is not much room for frivolous spending as money becomes scarce. If you are in a position of debt, it is important to put in place a plan to pay off your debts before the recession. Avoid accruing more debt during this time as it will only worsen your situation. Budgeting your expenses is also key to ensuring your financial stability during this time. Secondly, save as much as you can. Having a cushion of savings will help you stay afloat in case of job losses or other financial setbacks. It is advisable to create an emergency fund that can cover your expenses for a few months or more. This could involve cutting back on your expenses and saving more than you usually would. Thirdly, explore opportunities to diversify your income. During a recession, job opportunities become scarce, and some people may lose their primary sources of income. Thus, it is important to have multiple streams of income to cushion any financial blows. This could include generating income from a part-time job, creating passive income streams, or even starting a small business. Lastly, it is essential to stay informed. There is no playbook for what comes next, so keeping abreast of the situation can help you make informed decisions as to how to proceed. Stay on top of the news and developments in the world economy and be vigilant for any signs of change. All in all, the upcoming recession may be the biggest we have ever experienced, but it is not a doomsday scenario. With the right preparation, you can weather the storm and come out on the other side stronger. So, prioritize your finances, save as much as you can, explore opportunities to diversify your income, and stay informed. https://inflationprotection.org/get-ready-for-the-largest-recession-of-all-time/?feed_id=102656&_unique_id=6475be4c739fa #Inflation #Retirement #GoldIRA #Wealth #Investing #2023recession #marketcrash #marketcrash2023 #recession2023 #stockmarketcrash #RecessionNews #2023recession #marketcrash #marketcrash2023 #recession2023 #stockmarketcrash
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