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In this video, Chelsea dives into the do's and don'ts of financially preparing for a recession. You can't always prevent the worst from happening, but you can prepare for it, from staying in a stable job to fleshing out your emergency fund.
Script by Maggie Olson
Source links:
https://www.cnbc.com/2022/07/02/some-experts-say-a-recession-is-coming-how-to-prepare-your-portfolio.html
https://www.businessinsider.com/personal-finance/what-is-a-recession
https://www.cnbc.com/2022/03/09/you-may-miss-the-markets-best-days-if-you-sell-amid-high-volatility.html
https://www.schroders.com/en/uk/private-investor/insights/markets/the-data-that-shows-a-case-for-long-term-investing/
https://www.cnbc.com/2022/05/24/last-in-first-out-risks-of-joining-great-resignation-in-a-recession.html
https://www.federalreserve.gov/publications/2022-economic-well-being-of-us-households-in-2021-dealing-with-unexpected-expenses.htm
https://www.cnbc.com/2022/01/19/56percent-of-americans-cant-cover-a-1000-emergency-expense-with-savings.html
https://www.esrcheck.com/2022/05/03/great-resignation-4-5-million-workers-quit-march-2022/
https://www.gobankingrates.com/money/jobs/more-than-9-in-10-working-americans-have-side-hustle-2022-is-it-best-way-to-boost-income/
https://www.nber.org/digest/sep11/job-loss-great-recession
https://www.valuepenguin.com/average-credit-card-debt
https://www.cnbc.com/2022/06/15/what-the-feds-highest-rate-hike-in-28-years-means-for-you.html
https://www.washingtonpost.com/business/2022/06/15/7-tips-on-how-to-survive-a-recession/
https://www.creditninja.com/what-percentage-of-co-signed-loans-default/
Join this channel to get access to perks:
https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join
The Financial Diet site:
http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
In this video, Chelsea dives into the do's and don'ts of financially preparing for a recession. You can't always prevent the worst from happening, but you can prepare for it, from staying in a stable job to fleshing out your emergency fund.
Script by Maggie Olson
Source links:
https://www.cnbc.com/2022/07/02/some-experts-say-a-recession-is-coming-how-to-prepare-your-portfolio.html
https://www.businessinsider.com/personal-finance/what-is-a-recession
https://www.cnbc.com/2022/03/09/you-may-miss-the-markets-best-days-if-you-sell-amid-high-volatility.html
https://www.schroders.com/en/uk/private-investor/insights/markets/the-data-that-shows-a-case-for-long-term-investing/
https://www.cnbc.com/2022/05/24/last-in-first-out-risks-of-joining-great-resignation-in-a-recession.html
https://www.federalreserve.gov/publications/2022-economic-well-being-of-us-households-in-2021-dealing-with-unexpected-expenses.htm
https://www.cnbc.com/2022/01/19/56percent-of-americans-cant-cover-a-1000-emergency-expense-with-savings.html
https://www.esrcheck.com/2022/05/03/great-resignation-4-5-million-workers-quit-march-2022/
https://www.gobankingrates.com/money/jobs/more-than-9-in-10-working-americans-have-side-hustle-2022-is-it-best-way-to-boost-income/
https://www.nber.org/digest/sep11/job-loss-great-recession
https://www.valuepenguin.com/average-credit-card-debt
https://www.cnbc.com/2022/06/15/what-the-feds-highest-rate-hike-in-28-years-means-for-you.html
https://www.washingtonpost.com/business/2022/06/15/7-tips-on-how-to-survive-a-recession/
https://www.creditninja.com/what-percentage-of-co-signed-loans-default/
Join this channel to get access to perks:
https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join
The Financial Diet site:
http://www.thefinancialdiet.com
Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en
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