623. 3 Actions You Can Take When Facing An Uncertain Economy
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 23 May 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
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
Transcript
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| 0:00.0 | We are facing a challenging economy. Whatever they want to title it in six months, 12 months, |
| 0:04.9 | doesn't matter. We're facing a challenging economy that is simply like an uphill run. |
| 0:12.0 | It doesn't mean you can't do it. It just makes it tougher. But it's up to you if you stop on the |
| 0:18.0 | hill and cry. Or if you say, oh, well, I can see the top. I know I'm capable of this. It's going |
| 0:24.8 | to be uncomfortable. I'm going to sweat more than usual. It's going to take more effort. |
| 0:29.3 | But I'm just going to run uphill. |
| 0:36.8 | Welcome everybody to the Chris Harder Show where we are making you unapologetic about your |
| 0:41.2 | pursuit of success. Knowing that when good people like you make good money, they can then do |
| 0:45.6 | great things. My name is Chris Harder and several times per week. I will bring you epic guests, |
| 0:50.8 | solo episodes, and every single tool trick and skill set you need to grow your business, |
| 0:55.4 | grow your money mindset, and to grow your wealth to levels that you have never reached before. |
| 0:59.9 | I've ended up in a unique place in life where I've got the experience, the connections, |
| 1:03.6 | and all of the secrets that it takes to be successful. And I'm lifting the curtain to reveal it |
| 1:08.9 | all to you in an effort to help put you in a position of abundance so great that you can then be |
| 1:14.4 | as generous as possible. So let's lock arms and let's get started. |
| 1:19.8 | Hey everybody, welcome back to the Chris Harder Show is another money Monday year where we |
| 1:26.7 | absolutely believe that both generosity and prosperity can and must coexist. So today I'm going |
| 1:33.9 | to address a lot of questions that I'm getting from all of you. And by the way, I love when you guys |
| 1:40.5 | reach out and ask me questions like love it, love it, love it. Hit me up on DMs on Instagram at |
| 1:45.8 | Chris W. Harder. Here's what I've been hearing a lot of lately. What do I expect with the economy |
| 1:53.2 | coming up? I hear a lot of questions around, are we going to have a recession? Or is my housing |
| 1:58.4 | value safe? Or what should I be doing during a recession? There seems to be a lot of fear out |
... |
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