Hi All,
We are currently going through a monetary reordering, and lately things have been very volatile in the market. This begs the question, what are the best ways to win or thrive during a recession? What steps can we take to position ourselves well not to take any of this on the chin if S@#! hits the fan?
In this podcast, I go over key things I have done and that I think many others should consider doing to weather and succeed a potential recession. Specifically, I go over the following:
- Prepare diligently when times are good to build resilience for tougher days.
- Reduce debt and minimize outgoing expenses.
- Explore opportunities to create multiple streams of income.
- Eliminate unnecessary spending, such as:
- Car payments.
- High-cost mortgages.
- Anything requiring financing.
- Subscriptions, flashy purchases, and frequent dining out.
- Shift focus beyond just the market—prioritize strengthening relationships.
- Maintain physical fitness and overall health.
- Avoid obsessing over daily price fluctuations; instead, invest time in upskilling and pursuing activities outside your 9-5 job.
As always, I enjoyed putting this one together - and am consistently looking forward to bitcoin, economics, and finance!
Best Regards,
The SatsMate Stack
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest
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