623. 3 Actions You Can Take When Facing An Uncertain Economy

When you turn on the news these days, there are constant stories about the stock market plummeting, housing reaching an all time high, and inflation getting out of control. These are scary headlines, but I have three steps (plus a bonus one) to put yourself in a position to use this economic downturn as a springboard to further secure your family's wealth and future prosperity. Remember, this is a slow down, not a shut down, and it doesn't have to be a slow down for you. You're going to have to put in a little more leg work to tighten your budget, invent a new income, and build your 12-month emergency fund, but it's not impossible. If you follow those three steps or are already set up with those buffers, liquidate as much as you can and invest in assets that are at majorly discounted prices right now. If you follow my lead, you'll be untouchable in this recession.    IN THIS EPISODE, WE TALK ABOUT: How to be in control of your own personal economy  Assessing where you can temporarily eliminate any monthly expenses Creative ways to create a new stream of income  How to build up that 12-month runway in your savings account  Why this is the perfect time to invest any extra cash into bargain blue chip tech stocks, crypto, and NFTs    RESOURCES Text BULLETPROOF to 310-421-0416 to get on the VIP early access list for my new course on how to effectively invent new income.  Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.     CONNECT WITH CHRIS Follow Me: @chriswharder Visit My Website: https://chrisharder.me