What You Need to Do to Prepare for the Upcoming Recession

A recession could be right around the corner, and the decision you make now could set you up to ride it out with money in the bank or be left penniless, wondering what just happened to your life savings. Check out today's insane new video to make yourself recession-proof.

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[cloudyblaze]

ive been working at a walmart since almost the beginning of the pandemic and ive watched prices slowly rise over time, alot of our products cost 20 to 50% more than they used to and it bothers me that the cheap stuff i used to buy i now have to think twice about because theyre not cheap anymore, i can only imagine how hard it could be for someone whos struggling to support themselves

[ClementRusso]

I used to believe that everyone loses during a recession, but some make millions. Similarly, I thought everyone went out of business in the Great Depression, but some started new ventures. In short, tough times bring losses for some and profits for others, all rooted in the right mindset. Now, I've saved $220k for the future, even though I'm a complete beginner.

[Rachelschneider]

Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every purchase you make, you can't buy something else. Varied sources of income is wise and especially living within your means. Think about taxes and how you get your income. I made $72k combined net last year and paid no Federal taxes.

[GillerHeston]

It’s advisable to not wait for a crash. Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[CatherineWilson]

The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.

[AddilynTuffin]

I want to diversify my portfolio across different stocks and sectors to hedge against recession. I’ve heard of people accruing over $550k during recessions, how do I achieve this?

[StrFlossin]

We are already in a redefined recession.

[corymorimacori]

“Do not pray for easy lives gentlemen, pray to be stronger men.” John F Kennedy

[hermanramos]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, l'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio.

[checkforme]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[patriciacarlos]

I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

[darnellcapriccioso]

Great video! A lot of folks have been going on about a December rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[jamesbarn]

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

[paulnash]

With all due respect, infographics, we are already in a recession.

[rickertcoles]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[madsmartdude]

Love the last minute.
"Don't panic over a recession next up what happens when you die or watch funeral home secrets"

[PhysicsChan]

I didn't expect The Infographic Shows would draw an NFT even for a thumbnail

[SonicBoy]

I’m a financial advisor and although this advice isn’t bad advice, this may as well be titled advice for the wealthy. I have so many clients that have exhausted their savings and are drowning. They were families with a decent bit in savings or investments but Covid ruined that. I’ve seen six-figure single individuals lose everything. This basically relies on if you were lucky enough to work in an industry that thrived or didn’t completely vanish.

[wiebeplatt]

During this austere time of recession and stagflation, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. This is for stock holders.

[winniethepoohandeeyore]

During the mortgage forbearance, A lot of people didn't pay anything on their mortgages. The forbearance only covered the Principle and Interest parts. They still had to pay property taxes, Home owner's insurance. Also foreclosures, tax sales ARE hitting the real estate markets.