👨🏻💻Accounts and Platforms I Use:
The Best Overall Investment Platform:
My Credit Card (Get $50):
My Savings Account (1.8% Interest):
My Second Savings Account (1.65% Interest):
My Canadian Dollar Investing Platform (Get $25):
My Crypto Altcoin Trading Platform (Get $25):
My Bitcoin Trading Platform (Get $30):
📚My Course on How to Learn Basic Personal Finance and Independence (Highly Rated):
The links above are either affiliate or referral links meaning I receive compensation from their use. By signing up using these links you can help support my channel.
Instagram:
Business Inquiries:
steveantonioni@gmail.com
Steve Antonioni is not a financial advisor and nothing in this video should be construed as investment advice….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
A recession is a period of economic decline where there is a decrease in economic activity which leads to job losses and lower income. This can affect individuals in various ways, from their job security to their spending habits and overall financial well-being.
One of the most direct ways a recession affects individuals is through job losses. During a recession, many companies may have to lay off employees in order to stay afloat. This can lead to increased unemployment rates and make it more difficult for individuals to find new employment. For those who are able to keep their jobs, there may be pay cuts or reduced hours which can make it harder to make ends meet.
Another way a recession affects individuals is through their spending habits. When people are worried about their job security or financial future, they tend to cut back on spending. This can have a ripple effect on the economy as a whole, as decreased consumer spending can lead to reduced business profits and further job losses.
The housing market is also greatly impacted by a recession. Housing prices may drop, making it difficult for those who own homes to sell or refinance. Additionally, individuals may struggle to pay their mortgages or rent, leading to an increase in foreclosures and homelessness.
Overall, a recession can have a profound impact on an individual’s financial well-being and overall quality of life. It can lead to job losses, reduced income, and increased financial stress. It is important for individuals to take proactive steps to protect themselves during a recession, such as building an emergency fund, cutting unnecessary expenses, and exploring new job opportunities. Additionally, seeking out financial assistance and support from community resources can help individuals weather the storm during these challenging economic times.
Hope everyone is good! Maybe once this economic rough patch is over Toni's Bakery can be a reality 🙂
Awesome explaining, thank you.
You are a great teacher. I've been through so many of these things over the years. Always asked my husband what I could do.. asked him to tell me when I could and when I shouldn't(spend money). I've heard some of this before. I'm just worried. Being a widow isn't easy. Saving money so if things get really scary I have enough to keep my cats, me, the chickens cared for and fed and my bills paid. Old age isn't like youth. You don't get to work more and ask for overtime. You don't lose your job either. Its 8 months later and I think World War III is just around the corner.. and inflation has always scared me silly.
Actually in today’s environment/reality, if you were a company, you would borrow inexpensive money and then buy up your own stocks with it… and pay your CEOs extra large bonuses and paychecks….and drive up the price of your own stocks. You would never use that money to invest in your workers, in your own facilities or in trying to create something new that is good for the country. Yep.
Lol. Watching this video 8 months after it’s release… right on time.
capitalism is literally unsustainable
Okay but how did the wheel start doing poorly? Like why was it difficult to lend loans? What spurred that?
Bruh …. Why cant all YouTubers be like ! Thank you !
Swag Cloud tattoo
This is more than a recession, it's the transition between a time where central banks ignore inflation to one where they begin to fight it. Historically this is a period of more rapid market panics followed by euphoria while the real economy continues to decline. It's also a time where (because of inflation) everything becomes more financialized and speculative. I'm not talking about Wall St here I'm talking about people in their everyday lives. I call this phase the Devaluation Period and in a reserve currecy it can last one or more decades before transitioning to the next Hyperinflationary phase. This is generally the period where the most opportunities exist ahead of a time where the middle class goes extinct. Those who choose not to 'Diversify their Lifetime Wealth' across various asset classes such as physical precious metals, crypto, tech stocks and energy+real estate dividend ETFs during these periods are left trapped in the failing real economy and destitute.
i know it has nothing to do with economy but
you're so cute
Where is ur inflation video?
Can I just tell you how refreshing I find your videos!? You are so clear, and funny, in explaining the topic at hand, I just want to say thank you from my heart; too bad there aren't many young people like you, you give me hope; which is much depleted for me these days! So keep it up as long as you feel moved to do so! You have helped this old woman more than you may ever know!
Great explanation, thank you.
Thanks. Nicely Explained
Thank you so much dude !
pat on the back for what when there is no recession??
More hair loss with a recession means more profit for Turkish airlines
One thing I learned about Recession is that " Recessions make the most Millionaires " Side Note Great video's I love the high quality production, Keep it UP!
Your channel is great, and you deserve more views!
new subscriber here thisvideo is amazing!! i literally dont know any of how this works and these videos make it simple to understand maybe i shouldnt stress so much about whats going on right now with inflation
Brilliant video, waiting on the inflation one.