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Show Notes
https://www.youtube.com/watch?v=D3sljhJ4Dqg
Those who aren't prepared for a recession tend to get hit the hardest. Here is how I am preparing for a recession and how you can too.
We haven't had a global recession since 2008 and Australia hasn't gone through a recession in 27 years but recessions are a part of life and do happen on a regular basis, so it's important to be prepared it when it does come so you life isn't adversely affected.
0:00 - Introduction
1:00 - The inverted yield curve and the high chance of a recession
2:15 - #1: Pay Off Debt
3:42 - #2: Keep Your Expenses Low
5:10 - #3: Look For Ways To Earn More Money Now
6:33 - #4: Diversify Your Income Streams
7:41 - #5: Build Up A Buffer Fund
9:51 - #6: Manage My Liquidity
11:10 - #7: Invest In Assets That Generate Cash Flow
13:12 - #8: Have a Backup Plan in Place
Martin North/John Adam Inverted Yield Curve Video - https://www.youtube.com/watch?v=gLDzzYoE9Tk
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