Ep 55: How Should I Prepare for a Possible Recession?
Manage episode 329820120 series 2891513
By Scott Sierens. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Are we headed into a recession? That’s the question that’s on a lot of minds. On today’s show we’re going to make sure a recession doesn’t ruin your finances or retirement plans. We’ll also welcome retiree and investor Jim Manning to the show so he can ask questions, which are probably the same questions you have.
…
continue reading
What we discuss in this episode:
1:21 – Meet Jim Manning
4:55 – Jim’s business experience
6:19 – Jim’s product was used in space
12:35 – What is a recession?
14:25 – How to prepare
21:25 – Jim’s experience with recession
23:52 – Going to cash
29:09 – How long could it last?
36:30 – Adjusting investment strategy
40:28 – Age makes a difference
42:32 – Minimize stress and fear
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
106 episodes
Share
))
