Take Immediate Action as the 2023 Recession Begins

Let's discuss the possibility of a 2023 Recession, how the stock market has performed throughout prior drops, and what you can do to make sure you're best protected - Enjoy! Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: NEW BANKROLL COFFEE NOW FOR SALE: GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: THE NEW PODCAST: The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: - $100 OFF WITH CODE 100OFF THE 2023 RECESSION: 1. YOU WILL NEED TO STAY EMPLOYED. In fact, just a quick Google search for “mass layoffs” gives you dozens upon dozens of companies who are trimming their workforce - and, as Bank of America warns: The Us Economy Will Soon Start Losing 175,000 Jobs Per Month. That’s why the largest financial losses will come from those who are unemployed, and don’t sustain their income to continue investing into the markets. 2. KEEP A 3-6 MONTH CASH RESERVE AT ALL TIMES. For me, I’ve been using a combination of high-yield savings accounts that pay between 2.5-3.75%, as well as short term 3-6 month treasuries that are paying around 4.3%. That way, no matter what happens, I’m earning SOMETHING on my un-invested money. 3. THOSE WHO STATISTICALLY DO THE WORSE, STOP INVESTING. Studies have shown that the average investor barely manages to outperform inflation, with a 20-year annualized return of just 2.9% - the reason is because they invest when the market is up, and stop when the market is down. Had they just continued to dollar cost average, they would've come out profitable long term. INVESTING THROUGHOUT 2023: First, when it comes to building wealth - it’s important to recognize that there’s ALWAYS going to be a reason NOT to invest. Conditions will NEVER be perfect, and most of the time, it’s best to tune out the news and continue on the same path, long term. Second, Investing Isn’t A Game.  At a certain point, you have to remember: if you are trying to BEAT THE MARKET AVERAGE…you’re either taking a carefully calculated risk…or, you’re making bets…and unfortunately…that’s a line that’s gotten way too blurred over the last few years.  Third, overconfidence will DESTROY your portfolio.  From everything I have ever witnessed…the MOMENT you think you’re smarter than the market and have it “all figured out”…you’ve lost. Because of that, it’s best to recognize that…the LESS YOU KNOW, the BETTER YOU WILL DO…because, you won’t overcomplicate the process or take unnecessary risk. For example, EVERY SINGLE STUDY shows that the MOST SUCCESSFUL INVESTORS just buy a broad index fund on a regular basis and hold for 20 years…that’s literally all you have to do…and, almost no one does it because it’s really really boring. My ENTIRE Camera and Recording Equipment: For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/...(read more)

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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing

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The 2023 Recession Just Started | DO THIS NOW In a startling turn of events, the year 2023 has already witnessed the start of a severe economic recession. This unexpected downturn has sent shockwaves throughout the global financial markets, prompting individuals and businesses alike to take immediate action. If you want to weather this storm and protect your financial well-being, there are certain steps you must take now. In this article, we will outline crucial actions you can undertake to mitigate the adverse effects of the 2023 recession. 1. Evaluate Your Financial Situation: The first step is to assess your current financial state. Review your income, expenses, debts, and savings. Identify areas where you can cut costs and reduce unnecessary expenses. This evaluation will give you a clearer picture of where you stand and what actions are needed. 2. Create a Budget: Develop a realistic and practical budget that aligns with your revised financial situation. Prioritize essential expenses and cut back on discretionary spending. A well-structured budget will help you track your finances and ensure that you are not overspending during this economic downturn. 3. Increase Your Emergency Fund: In times of economic uncertainty, having an emergency fund is crucial. Strive to increase your savings by setting aside a portion of your income specifically for emergencies. Build a safety net that can support you in case of unforeseen circumstances such as job loss or unexpected expenses. 4. Diversify Your Income: Relying solely on one source of income can be risky during a recession. Explore additional ways to diversify your income, such as starting a side business or investing in passive income streams. Having multiple sources of revenue will provide you with more financial stability and flexibility. 5. Minimize Debt: High levels of debt can intensify the impact of a recession. Prioritize paying off high-interest debts and consider restructuring or refinancing loans to ease the burden. Minimizing debt will free up more of your income for essential expenses and ensure you are not overwhelmed by financial obligations. 6. Up-skill Yourself: Enhance your knowledge and skills to remain competitive in the job market. Consider pursuing additional certifications or courses that can broaden your professional horizons. By improving your skills, you increase your chances of securing stable employment or finding better job opportunities even during an economic downturn. 7. Explore Investment Opportunities: While it may seem counterintuitive to invest during a recession, it can present unique prospects. Seek professional advice from financial advisors to identify undervalued assets or sectors that might see growth. However, exercise caution and conduct thorough research before venturing into new investment opportunities. 8. Stay Informed: Keep a close eye on the evolving economic landscape. Stay informed about market trends, policy changes, and local/global economic news. Regularly reviewing your financial situation and adjusting your strategies accordingly will maximize your ability to navigate the recession successfully. The 2023 recession may have just begun, but taking proactive steps now can place you in a better position to face the challenges that lie ahead. By evaluating your finances, creating a budget, increasing your emergency fund, diversifying your income, reducing debt, up-skilling yourself, exploring investment opportunities, and staying informed, you will fortify your financial resilience and weather this economic storm with greater ease. Start implementing these actions today to protect your financial well-being in the face of the 2023 recession. https://inflationprotection.org/take-immediate-action-as-the-2023-recession-begins/?feed_id=108998&_unique_id=648f883e8d127 #Inflation #Retirement #GoldIRA #Wealth #Investing #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions #RecessionNews #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions