Tag: recession
Preparing for a Recession #3: The Five High-Yielding Saving Products
Nothing is more important than having money during a recession; however, the days of stuffing cash under the mattress disappeared a while ago. We need to become much more sophisticated with our money, resources, and assets. Cash is an asset, and we must value it as such. Welcome back to the Preparing for a Recession…
Preparing for a Recession #2: Adjusting Your Lifestyle
The recession will affect us all differently, but make no mistake, it will affect us all. Some will discover great wealth during these challenging times, and others will lose everything. Those who take preparations seriously have a shot at becoming wealthier than before. Those who attempt to carry out the same lifestyle will fall behind.…
Preparing for a Recession #1: Improving Your Skillsets
Let me set the stage. In 2024, interest rates are high because inflation has ravaged the American economy. Businesses have cut jobs at record numbers because the price to finance and maintain debt has skyrocketed. The average person is dealing with a home insurance crisis, inflated property taxes, elevated rents, and high gas prices. To…
Dividend Investing During Turbulent Times
Don’t worry; it will all be okay. This is not the first crisis; it won’t be the last. The best way to handle this situation is to push through it confidently. We can use their philosophy with anything and life, and we should. In today’s case, we are talking about dividend investing during the coming…
The Bear Market is Your Friend
Can a bear market be your friend and help you grow your wealth? It sure can if you know how to thrive during a downturn. A stock market drop of 30% or more often leads to a recession. Many people will continue to live as normal and suffer long-term consequences. Others will panic and be…
My Recession Investing Plan
Halloween (and October) is a great time to re-access our spending. It’s good to have a crystal clear picture of our finances going into the New Year. I recently moved from Japan to San Diego, which means that my budget, spending, and saving habits had to change. The impending recession and bear (stock) market add…
Buy The Dip! The Magic of Averaging Down
Have you ever bought an outstanding stock at a wonderful price and been proud of yourself? These are the times when we are happy to be investors. However, a bit of bad news in the markets turns your premiere investment into a big flash of red. The price plummets, and now you don’t like looking…
How to Prosper During the Next Recession
Recessions are horrible events for millions of Americans. They cause high employment, homelessness, and hunger. We need to ensure that we not only survive during these times but also prosper. If you dig deep into history, most fortunes were made during hard financial times. This is when you can buy property and businesses for pennies…
