7 Ways To Prepare For & Thrive In A Recession [SOLO ROUND] EP 1347

The School of Greatness

Lewis Howes

Entrepreneurship, Fitness, Inspiration, Greatness, Health, Money, Celebrity Interview, Self Care, Celebrity, Success, Mental Health, Relationships, Mindset, Health & Fitness, Education, Alternative Health, Business, Self-improvement

4.8 • 21.6K Ratings

🗓️ 14 November 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a lot of stress about the current state of the economy and anxiety around the uncertainty of it all. But here’s another thing I want you to keep in mind: more millionaires are made during recessions than any other time in history. Despite all of the negativity, despite all the noise, there’s a ton of opportunity for you, your business, and your career during these difficult times. That’s why I wanted to take today’s episode to walk you through 7 ways to not only survive, but thrive during an economic recession In this episode you will learn, How to learn the language of money. 3 things to keep in mind when trying to grow your network. Why you should NEVER neglect your emergency fund. Ways to level up your personal brand. For more, go to lewishowes.com/1347 Jaspreet Singh’s 6-Step Formula To Create Wealth: https://link.chtbl.com/1327-pod Rachel Rodgers On How To Develop A Rich Mindset, Double Your Income & Accomplish Your Dreams: https://link.chtbl.com/1184-pod Ray Dalio On How To Prepare For The CHANGING WORLD ORDER That Has Begun: https://link.chtbl.com/1266-pod Alex Hormozi On How Your Beliefs Are Keeping You From Being A Millionaire: https://link.chtbl.com/1324-pod

Transcript

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0:00.0	Listen, I know these times are tough and all the talk about the economic recession probably has been stressful for you.
0:06.5	The best way to make yourself recession through is to...
0:10.8	Welcome to the School of Greatness.
0:14.0	My name is Louis Howe's former pro athlete turned lifestyle entrepreneur.
0:18.1	In each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness.
0:26.1	Thanks for spending some time with me today. Now let the class begin.
0:29.8	I want you to take a moment to imagine what it would feel like to have the ability, the confidence and the belief that no matter what life throws at you, you'd be okay.
0:44.8	How much less stressful and how much more enjoyable would your day-to-day life be?
0:49.8	How much more empowered and that peace would you feel in your life?
0:54.8	I know there's a lot of stress about the current state of the economy and the anxiety around all the uncertainty of it.
1:01.8	And I get it, there's a good reason for the worry. According to studies, a dozen countries around the world are on the verge of debt default.
1:10.8	Inflation is through the roof and the stock marketer's reflecting all of this.
1:14.8	But here's another thing I want you to keep in mind.
1:17.8	More millionaires are made during recessions than any other time in history. Despite all the negativity and the stress, despite all the noise, there's a ton of opportunity for you, for your business, and your career during these difficult times.
1:33.8	And that's why I wanted to take today's episode to walk you through seven ways to not only survive but thrive during an economic recession.
1:42.8	And I hope this episode gives you tools to empower you to make it happen and more importantly, the courage to believe that you can.
1:49.8	So get out a piece of paper and a pen and let's jump in right now.
1:54.8	The number one thing I want you to think about is learning the language of money.
1:59.8	So get this. According to a 2020 study, only 47% of Americans use a budget to keep track of their spending habits.
2:08.8	So less than half of us know where our money is going right now.
2:12.8	And now this isn't entirely our fault. We weren't taught anything about personal finances in school really.
2:19.8	That said, not having a budget is like going on a road trip without knowing how much gas is in your tank.
	...

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