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Financial Feminist

114. Recession Planning 101

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.76.2K Ratings

🗓️ 14 September 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

In the last few years, we’ve faced intense economic turmoil, and though the words “recession” have flown around, one has not been officially declared. The truth of the matter is that we will see a recession (and likely many) over our lifetimes, so no matter what the headlines say, it’s best to know how to prepare our finances for the inevitable. In this re-release episode of last year’s bonus episode on Recession planning, Tori dives into the tried and true advice for setting yourself up for success and weathering the financial storms. Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/start-here-financial-feminist-podcast Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

The monopoly game is back at McDonald's, and guess what? It's still twice as nice, because

0:04.6

with double peel, you can peel on pack. Then peel a game on the McDonald's app, to when

0:08.8

prizes like, brand new mini-electrics, lovely McDonald's food, HBO and gaming laptops,

0:14.5

to be holiday vouchers, a thousand pounds in cash, plus tons of other incredible prizes.

0:19.3

18 plus UK only selected items, subjects of serving times and availability, and 17th

0:26.0

October. Game play and prize claims may require McDonald's app, seemingly rules.co.uk.

0:30.0

3

0:53.2

Hi financial feminists, I'm so excited you're here. I hope you're having a great day. You know

0:58.0

the drill. Right review, subscribe. We so appreciate it. This is a fun episode because we're

1:03.6

revisiting this episode. We recorded and released this episode about how to prepare for a recession,

1:09.5

I think, over a year ago. And the irony is, we're still not in a recession. It's like recession

1:15.9

light. Like it felt a little bit recessiony with inflation and with a bunch of stuff that

1:22.4

just felt squirrely. And at the same time, unemployment is actually at an all time low.

1:27.7

Gas prices have come down, except not in Seattle. Seattle has not gotten the memo. And I think

1:32.9

that the interesting thing that we wanted to revisit with this episode is we are still getting

1:38.4

this question. We get this question all the time from our community. How do I prepare for a recession?

1:42.6

How do I prepare for a market crash? I've been tagged in like market crash TikToks so much in the

1:48.0

past like week or two that are like, it's coming. The big one is coming. The economy is about to

1:53.4

like burst in a stock market is just going to go to shit. So we wanted to revisit this episode one

1:58.8

because y'all are still asking about it and still talking about it and still wondering about it.

2:02.8

But too to also show you that there is so much fear mongering in financial spaces.

2:10.0

There is so much worry and concern, which rightfully so recessions are scary. I get it.

...

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