Your LAST CHANCE To PREPARE FOR ECONOMIC CRISIS

It's already hard enough to survive through a bad recession but there are 11 things that you can do that can greatly improve your financial situation during tough economic times. In fact, a lot of American businesses are implementing many of these survival techniques in order to survive the tariff situation, impacting our economy.

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[MichaelBordenaro]

Price Cuts Reaching RECORD HIGHS AS INVENTORY EXPLODES

[hakorg]

Pro tip: the best way to save money is to stop spending it. Best advice ever.

[jesuscobra]

1) Increase your income 2) Decrease your unnecessary spending 3) Entertain yourself with cheap or free stuff

[chrisweidner]

Simplify your life and enjoy simple pleasures like time with family, exercise, reading etc. All the best to everyone. Be kind and courteous. Always

[DanGauthier-os]

This crash is also good for people who don't have money. Maybe if stocks and home prices crash Ill be able to buy low and get in. Versus paying 400k for the median house in the US at 7% interest rates."

[roadrunner]

When times are good, $500 can feel like play money. When times get bad, that same $500 can feel like life-or-death.

[Raymondjohn]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[MisterR]

Im already broke. It doesn't matter to me what happens. All I do is work and save money, and it's still never enough.

[TB-djkl]

I've been living like there is a recession every year my whole life. Bought what I needed not what I wanted like luxury items. More things equals more stress. Less is more to me.

[rhanemann]

I'm in my 50s, and have always lived alone since my 30s. The best purchase I've made to save food money is a vacuum sealer. That way, I can buy bulk meats or meats that are on sale (that I do not need to consume immediately), vacuum pack them and freeze them for later use.

[CalebMartinU]

Corrections in the market can occasionally occur after market peaks, but it can be difficult to forecast when and how big they will be. A 'massive' correction has been mentioned by some analysts that I have heard. It makes me wonder if I should make any changes to my $10 million portfolios, or even think about making some defensive investments.

[Dan-gjhz]

Never forget that the majority of the small business loan $$$ went straight into the pockets of the giant corporations while small businesses shuttered. The banks were responsible for managing the funding and they gave it to the corporations for a kickback. Support small businesses.

[andrewgleason]

Key is to have very low debt and low living expenses....

[jamesgibson]

What the bad times, a recession, a depression brings, eventually, is stability and growth.
The dark before the dawn.
Work as hard as you can, provide for your wife and kids, but don't forget to provide for yourself as without you, who will your love ones have?
Always enjoy your podcasts Michael. Give your lovely wife our best.

[Roxie-yZt]

Trump 2.0's plans have some analysts concerned that they may cause inflation. I want to know if the stock market is actually influenced by the economy. I'm wondering about how to turn the market to my advantage because I continue to witness successful performances.

[waynethompson]

Im in my 50's. Debt free since i was 33. I have an IRA and 401k. I am not wealthy. Life really isnt all that hard and i have a great time. Im not worried at all.

[rhanemann]

Also - I invested in tools long ago. COVID gave me the time to do the work on my car. You don't need super expensive (Snap On, etc) tools. Harbor Freight is fine for the casual user, and cheap. Mechanics spend the money on Snap On because that is their trade - they use them 40 hours a week. I have saved myself thousands in shop fees by doing relatively simple jobs myself (brakes, brake bleed, valve cover gasket, spark plugs, etc). If you have the time and patience, you can do it. Also, Youtube has thousands of videos that show step-by-step car repairs.

[TheLowerman]

#1, don’t freak out. I’m a Gen X and have been through a bunch of this.

[LizaPhilips]

If we are to survive in this economic crisis we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. I'm still at a crossroads deciding if to liquidate my $300k stock portfolio

[mireillelebeau]

I plant my tomatoes and some vegetables in my backyard. 😊