How To Prepare For The Next Global Recession - ACT NOW!

Time Stamps
0:00 Intro Flashback of the past
2:50 Get of out Debt
4:35 Emergency Fund
6:26 Recession Proof Skill
8:49 Your Resume and Network
10:51 Mentally Prepare
12:12 Wrap up

President Bush Address to the National September 24, 2008 - The Start of the Great Recession

How The Economic Machine Works by Ray Dalio

A recession is a normal part of our business cycle. Since the world has been so interconnected a recession in just about any major nation can cause a global recession. Problems in the US can and will impact countries around the world. Time will get hard, money will become tight and the time to prepare is before a recession hits. In this video, I lay out 5 ways I have used to prepare my family.

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5 TIPS to PAY OFF a CAR Loan EARLY - MY TRUCK PAID OFF IN 34 MONTHS!

Paying Off Car Loan Early | Principal vs Extra Payment Explained

How To Pay Off Debt Fast With Low Income...Watch This!

Voluntarily Surrendering Your Vehicle? DON'T! Watch this instead!

How To Protect Your Emergency Fund | Money Saving Tips

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///DISCLAIMER///
This video is for entertainment purposes only. Always seek professional assistant for financial and legal matters. I am not a licensed financial advisor and only share my opinion. The links in this description may be affiliate links which means I may receive a commission if you make a purchase. Don't worry it's no additional cost to you and it's not enough to make me rich. Thanks for supporting my channel. @Diamond Edwards

[SophisticatedDogCat]

Watching this video again. Times like these bring me to the Serenity Prayer:

"God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference."

In this case, Diamond is providing wisdom.

[Shmoove]

what happened man, i hope your doing well!!!!

[DianaRodriguez-qlok]

Thank you so much for this information 😀

[electricpenguin]

These are great tips always but especially now.

[xavier]

I appreciate that you made this video. And I am very glad someone is willing to talk about these issues.

[Linknelson]

Liked and subbed man, love the message and the content 🤙🏽

[COMMSsliger]

Great video, very good way to prepare for something we all hope never happens

[mannyuribe]

First thing is, gotta pay the taxes, if not IRS will hit you harder than you know… next step fallow your advice. Great video. Shows the future for some of us.

[adamearls]

Im a 21 year old with 8k owed on my car and 4k owed on a loan. Only 2k in my savings. Im spooked about this “down time coming”

[DiamondEdwards]

What are some things you have and/or should do to prepare for the next recession?

[laspalomas]

Appreciate the content! These are great! 👍

[Kreative-Introvert]

Hello bro, are you okay ? Need some advice . God Bless 🙏

[EllieMandyArt]

Hey Diamond. I hope you see this, I’m trying to get out of a car that I cannot afford anymore. I did a KBB on it, it’s going for $34k but I owe $38, 600, I have the money to pay off the negative equity free and clear. ($4, 600) but i still need a good Reliable car I drive a lot, what should I do… should I do a trade in on my car and get a cheaper car for like $26, 000 will that make me have a lower car payment… I’m so confused. My car is a 2022 Toyota Rav4 Lunar Rock -Nutmeg interior. I can’t afford the car payments anymore because I’m moving. $707 a month… i got ripped off in the deal because the dealership tricked me bought it in Feb 2022.