Welcome to Money Girl. This is guest host Andrew Horowitz from the Discipline Investor Podcast.

And today on Money Girl, I'll be talking about what that dreaded R word means to you.

Recession, recession, recession.

Everyone's been talking about this topic lately.

Some say a recession is almost here. Others say

it's already begun. But what is a recession exactly?

First, let's get to the definition of recession, and then I'll give you some tips on how you could

recession proof your life. Well technically a recession is when GDP or

gross domestic product is showing two consecutive quarters of negative

economic growth.

While they're extremely unpleasant are a normal part of the business cycle and typically,

well, they last anywhere from six to 18 months.

What makes a recession noticeable to you and I is of course when it starts affecting our

wallets.

So how can you spot a recession before it comes?

Well, there are a number of ways.

First of all, the obvious way is to watch GDP.

You can find these numbers anywhere online, a good website like briefing,

dismal, Microsoft. If there's a sudden drop in domestic product and production,

then a chance recession might be coming. But you have to be careful in making those assumptions.

Do your homework first.

Maybe something's fishy is going on with the government policies on foreign trade.

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