A Recession is coming. Be prepared.
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#AnthonyPompliano #Pomp #Bitcoin #Finance #Business #Crypto #inflation #recession…(read more)
BREAKING: Recession News
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In light of the current economic climate and the COVID-19 pandemic, many experts predict that a recession is inevitable. As such, it is important to start preparing for the possibility of a recession. Here are some tips on how to prepare for a recession:
1. Create a budget
Creating a budget can help you identify areas where you can cut back on expenses. Look at your monthly bills and identify where you can reduce your spending. Cut back on unnecessary expenses such as eating out, cable TV packages, and subscriptions that you don’t use regularly. By cutting back on these expenses, you can save money and build up a financial cushion for rainy days.
2. Build up an emergency fund
It is important to have an emergency fund that can cover several months of living expenses. This fund can help you cover essential expenses in case of job loss or other unforeseen circumstances. Try to save at least three to six months’ worth of living expenses in your emergency fund.
3. Pay off debt
Paying off debt can be a major stressor during a recession. If possible, try to pay off any outstanding debts or at least try to reduce the amount owed. This can help you free up some cash that can be used for essential expenses.
4. Diversify your income
Having multiple streams of income can help you stay afloat during a recession. Look for opportunities to earn extra income, such as freelance work, part-time jobs, or online businesses. Diversifying your income can help you maintain financial stability during tough economic times.
5. Invest in long-term assets
Investing in long-term assets such as real estate or stocks can help you build wealth over time. While investments come with risks, over the long term they tend to provide attractive returns. Be sure to invest in assets that you understand and that suit your investment goals and risk tolerance.
In conclusion, the prospect of a recession can be daunting, but by taking steps to prepare for it, you can help protect your finances and minimize its impact on your life. Creating a budget, building up an emergency fund, paying off debt, diversifying your income, and investing in long-term assets are all practical steps that you can take to prepare for a recession.
Why are you in such a HURRY? Slow down…
This period Making a good profitable investment should be in every wise individual's list.
I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this new book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like career, investing and business negotiation. This is an absolute must buy if you need a , push to get you going in business or you want more out of life during recession
Glad I don't have bills other than gas, electric phone, and glad I don't have any babies.
Yea well you’ll also “ lose “ with your “ assets “ if you can’t afford to juggle to mortgages on them and your tenants lose their jobs and stop
Paying rent . You’ll end up bankrupt
How does it work when a depression hits??
So cash is king but what do you do when inflation is through the roof and the dollar is devalued so much that you still can't buy anything.
I'm no longer waiting for the GRANT LOAN because I earn $ 26,700 every 10 days recently
Forex is the way to go
The economy is so hot right now . I'm getting 10 job offers a week . We are not going into a recession . Best thing is to keep investing . Cash is trash
sitting on excessive cash is the same as selling during the dip: You are afraid that asset prices go lower than they are. So basically you are the fearful currently. Otherwise you would have only very small cash positions. Not saying it wrong what you are doing but you are contradicting yourself. If the recession comes, good that you had cash reserves, if not, then bad that you had cash reserves. Do you know what will happen? No. In general: if you wait long enough then being in the market is statistically more likely to bring you success. Having that said, I also prefer to hold more cash these days. The market stinks to me…
You need to have cash in the recession .
My profitolio has grown tremendously all thanks to my trading manager for the help.
I don’t disagree – I have cash saved up, but have little idea where to invest it as everything is volatile. I have some tesla, gold ETF’s and mixed equities – all small amounts, but where do I put the cash? Property – likely to crash as we go into recession, markets are dropping further as the recession is just hotting up, gold – yes, but it has finite trajectory, renewables – probably a good area with long payback. But this is really hard to navigate as war will drop everything. Perhaps property is the best place as it may not drop as much as inflation is eroding cash. Or dollar average in to stocks from here in and hope it doesn’t crash
I believe what you said there about the motivation of politics to keep political power and therefore having to save the consumer is not true anymore. That is because there is no way for the public to vote out the bad guys should they rugpull. The bad guys are everywhere, it IS the system
Nice video, but honestly the only way to survive the recession is to have more money. Luckily for me I have Bitcoin trading to help me.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
"They" have this distraction going in the Ukraine. This tactic was used in the time of Ceasar
I pray whoever reads this will be successful, keep fighting for success, them rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, roar!! Invest, earn and be successful.
With Edward Rowe, it doesn't matter if you know any about bitcoins or trading. Just sign up and invest and watch him work his magic. In my first week I already have over 4btc in my wallet and I don't even know what he did but he pays. I started with just 0.5btc!
Hello, I'm new to forex and bitcoin/ethereum trade and I have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what i'm doing wrong
Buy hi & sell low! That's what I always say.
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance
My family thinks I'm nuts for buying right now but like you said blood in the streets is key thanks for your video
Yeah u want a failing doller right lol wtf
If u dont buy gold and silver gods money now then u will regret it dearly later!
Bro stop yelling lol. I can’t stand listening to you when you’re screaming like this. Chill.
<Thank you for always being round the clock with videos, This channel is great and a positive force in the crypto space . for helping all of us stay on top of the market .. also Mr Naughton a Great TA Man, been doing an excellent job evaluating all charts, trades, and Signals on BTC, which has helped my portfolio rise to 9.2 BTC recently
Where are your laser eyes? Lol, joke.
It's weird how people talk about all the profit they have been making through online investment, while am here not making any profit at all. Please can someone put me through on the right path?
Thats great if you have tons of cash to buy buy buy. What do you do if you dont have money in the bank and are already fully invested
Great video!