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Preparing For Recession & The Collapse Of The Economy
Manage episode 226222736 series 1877724
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Are you preparing for the eventual collapse of the economy?
The US government shutdown has exemplified why people need disposable income in case of emergencies. The vast majority of people are living paycheck to paycheck.
This is RAW audio in the streets of Bangkok, Thailand. During this episode, I talk about some strategies to prepare for a recession and the collapse of the economy. 2008 was horrific, and it's likely to be even worse this time around. After all, it's been extremely prosperous for 10 years...
- Ensure that you have a financial cushion of at least 12 months salary.
- Go to a low cost region and live there. Money goes further.
- Identify parts of the world which aren’t suffering as much financially. Market your business there.
In order for me to improve the podcast, feel free to leave an honest review on iTunes (or your favorite platform). Have an awesome day!
Facebook: @Mattlillywhitetravel
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Matt@thelillywhiteorganization.com
Note: I AM NOT A FINANCIAL ADVISOR. This is simply one person's opinion on strategies to prepare for such an event.
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