8 Ways To Prepare For The Next Recession

https://www.youtube.com/watch?v=D3sljhJ4Dqg Those who aren't prepared for a recession tend to get hit the hardest. Here is how I am preparing for a recession and how you can too. We haven't had a global recession since 2008 and Australia hasn't gone through a recession in 27 years but recessions are a part of life and do happen on a regular basis, so it's important to be prepared it when it does come so you life isn't adversely affected. 0:00 - Introduction 1:00 - The inverted yield curve and the high chance of a recession 2:15 - #1: Pay Off Debt 3:42 - #2: Keep Your Expenses Low 5:10 - #3: Look For Ways To Earn More Money Now 6:33 - #4: Diversify Your Income Streams 7:41 - #5: Build Up A Buffer Fund 9:51 - #6: Manage My Liquidity 11:10 - #7: Invest In Assets That Generate Cash Flow 13:12 - #8: Have a Backup Plan in Place Martin North/John Adam Inverted Yield Curve Video - https://www.youtube.com/watch?v=gLDzzYoE9Tk Recommended Videos: Should You Pay Off Debt or Invest First? I Lost Thousands in Cryptocurrency