628. What To Do If You're Afraid Of A Recession Coming
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 2 June 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
Lori came to me the other day and wanted to have a conversation about what's really going on in this uncertain economy, what I think is coming in the future, and how we can prepare ourselves so that we don't experience a repeat of 2008/2009 when we had to start over from scratch. So many of us are scarred from The Great Recession, but the reality is that there are so many news outlets that rely on fear mongering techniques that make people freeze in fear. In today's episode, I explain how we've ended up in this rapid inflation situation, why a recession is usually a self-fulfilling prophecy, and three ways that you can bulletproof yourself for whatever's coming down the pipeline.
IN THIS EPISODE, WE TALK ABOUT:
- Navigating negative propaganda about the economy
- Debunking myths about economic recessions
- Taking a critical look at your monthly spending habits
- Ideas for how to create a new income stream
- Why I always suggest having a 12 month reserve in your savings account
- The single thing that will set us apart from having another '08/'09 situation
RESOURCES
- Text BULLETPROOF to 310-421-0416 to get VIP early access to my new course.
- Text DAILY to 310-421-0416 to get daily Money Mantras to boost your day.
CONNECT WITH LORI
Follow Lori: @loriharder
Follow Lite Pink: @drinklitepink
Follow Earn Your Happy: @earnyourhappy
Follow Girlfriends & Business: @girlfriendsandbusiness
Listen to Girlfriends & Business
Listen to Earn Your Happy
CONNECT WITH CHRIS
Follow Me: @chriswharder
Visit My Website: https://chrisharder.me
Transcript
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| 0:00.0 | Stop the bleeding, any time that we enter into an uncertain economy, any time that there's fear of being talked about. |
| 0:05.8 | This is everybody's chance to pull out their budget, to pull out their last couple of months of bank statements and credit card statements, |
| 0:14.2 | and to say, where can I stop the bleeding? |
| 0:21.2 | Welcome everybody to the Chris Harder Show, where we are making you unapologetic about your pursuit of success. |
| 0:26.8 | Knowing that when good people like you make good money, they can then do great things. |
| 0:31.2 | My name is Chris Harder, and several times per week, I will bring you epic guests, solo episodes, |
| 0:36.2 | and every single tool trick and skill set you need to grow your business, grow your money mindset, |
| 0:41.0 | and to grow your wealth to levels that you have never reached before. |
| 0:44.4 | I've ended up in a unique place in life where I've got the experience, the connections, |
| 0:48.2 | and all of the secrets that it takes to be successful. |
| 0:51.2 | And I'm lifting the curtain to reveal it all to you in an effort to help put you in a position of a budget so great that you can then be as generous as possible. |
| 1:00.8 | So let's lock arms and let's get started. |
| 1:06.4 | And we're back with another episode of he said, she said, and today I'm excited to be asking Chris some questions about money, |
| 1:16.6 | the economy, how things are changing, should you be in fear, should you be excited, how should you be feeling. |
| 1:23.8 | And this came because the other day I was actually out shopping for our trip to Italy. |
| 1:30.2 | And I was feeling super abundant that day. |
| 1:33.6 | I was really excited because I was going to go and get these pair of Gucci slides that I really, really wanted for my Italy trip. |
| 1:43.0 | And all of a sudden out of the blue, it like just totally struck me because of a podcast that I listened to, like I felt this overwhelming fear come over me and lack. |
| 1:54.6 | And while I was spending this money, I had this moment of, wait a minute, I just listened to a podcast where they were talking all about this changing economy coming. |
| 2:03.8 | And it just kind of hits you in these moments where all of a sudden you're feeling so good hits you when you feel good, right? |
| 2:11.6 | It's like, oh, I'm feeling joy, I'm feeling abundant. |
| 2:14.0 | And I think that people listening can all relate and I want to share with people like this happens no matter what level you're at. |
... |
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