2022 Recession is Starting? 5 Things to DO NOW to Be Ready for the Opportunities Also Coming

Our Rich Journey – With large corporation layoffs, rising interest rates, and inflation at all-time highs, an impending recession is hot on a lot of peoples’ minds! No one can predict when the actual recession will hit. But, why passively sit around and wait for it? Why not do something about it now - BEFORE the recession hits?! In this video, we talk about five specific things that you can do in preparation for a recession. Take action now, so that you can be prepared to address the next recession as an opportunity (rather than a hardship)!

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We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

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[CreativeCashflow]

I hate when people don't realize information wasn't this accessible back in the day. You couldn't buy a course, watch a YouTube or Tiktock that shows you exactly how to make money, invest, or prepare for a recession.

[ericvdunn]

Thank you for the financial tips! Extremely important information for all.

[amyyates]

Great video! I view a recession as a time when stocks are on sale, which hasn’t been the case for the past several years. As long we we have a decent amount of time until retirement, a stock “sale” is a good thing!

[Tonyayt]

My favorite couple!! 🙏🏽😄
Thank you for all of the great tips. I’m especially fond of the side hustles. People used to shy away from them or hide that they have one, for fear of being looked at as an unsuccessful person, not making enough money. Honey, that has changed in the last five- ten years. It’s a NECESSITY!

[Aris-Darling]

Love that you share your tips and personal stories! It’s amazing how you two are so much on the same page when it comes to life goals.

[Unavesmas]

Thanks to stumbling upon your channel last year I have started investing at 25 years old! I never learned or knew much about investment options, but I think my future will be much, much better thanks to you guys.

[lourdesfernandez]

Thanks for the very helpful advice! Wanting to move to Portugal, a friend of mine has been talking to me about retiring in Portugal,
I never paid attention to it until a week ago, then I started looking for videos and that's how I found you guys, very glad I did and happy to meet you all through these videos, I really identify with you in many ways! 💜🙏😇💙

[MISEPH.wellness]

It’s good to know I’ve been doing these things! Thanks for solid advice!

[TheForexApostle]

I appreciate you sharing your advice and personal experiences! Thank you for all of the helpful advice; anyone may use it at any point in their path in life.

[crislozano]

What if you have some extra savings lying around, would this be a good moment to invest them? Would love a video on that <3 Thanks for your channel!

[TheCookingDojo]

I've always heard "if you have one source of income, you're one step away from poverty"

While my side hustles may not be raking it in. It's something at least. I try to do door dash on the weekends. Plus the sales from my comics all go to dividend stocks. Sales from my comics so far may have only been about $30. It could turn into $60 with dividend reinvestment and so on and so forth.

[annettewess]

Thank you so much for this video. It was just that little push I needed to take courses not just in my field but add another just in case.

[renate.s.]

During the 2008/2009 recession I was able to jump on a high interest rate savings opportunity because I had cash available. So opportunities do come along!

[chrispacheco]

Great advice for anyone to incorporate at anytime along their journey. Love it!

[ll_distribution]

Great 5 tips, you guys could not be any clearer. Congrats on your channel & thank you!

[brooklynforever]

Always appreciate your succinct, resourceful videos!

[le]

Thank you for the golden nuggets. This was much needed. 💛

[darnabedwell]

Great video guys! I'm sure you've probably done a video on REITS. Would like to see that. I will do a search. Thank you.

[cann]

2nd watch. So nice I had to. Thank you guys 4tips.Saying focused, bracing for it but not pressed. Focusing on PT and my Original Fire Plan.💯