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About Progress

AP 727: “Am I OK financially?” 5 Steps to Feel More Secure in Uncertain Times + Be More Recession-Proof || with Elizabeth Pennington from Fearless Finance

About Progress

Cloud10

Mental Health, Health & Fitness, Education, Self-improvement

51.2K Ratings

🗓️ 13 October 2025

⏱️ 55 minutes

🧾️ Download transcript

Summary

Does talking about money make you a little bit sweaty? Navigating the choppy waters of financial uncertainty can feel overwhelming, but my conversation with Elizabeth Pennington from Fearless Finance provided invaluable, clear-sighted guidance. In our conversation she laid out five crucial steps to ensure financial stability, emphasizing the importance of a stable cash flow and the necessity of building both a rainy day fund and a full emergency fund. Whether you're anxious about a potential recession or just seeking better money management practices, Elizabeth’s insights provide a roadmap towards financial security and peace of mind. I'm so grateful for her guidance and encourage everyone to consider these powerful strategies in their own financial planning journey. Use code ‘PROGRESS” for $50 off your first session at https://fearlessfinance.com/ More for Moms Conference, use code “LISTENER” for $20 off: https://www.aboutprogress.com/moreformoms Past Episode to support: https://www.aboutprogress.com/blog/how-i-ve-saved-major-money-thousands-on-groceries-the-last-18-months-how-you-can-too Sign up as a Supporter to get access to our private, premium, ad-free podcast, More Personal. Episodes air each Friday! More for Moms Conference Leave a rating and review Check out my ⁠workshops⁠! Follow About Progress on YOUTUBE! Book Launch Committee Free DSL Training Full Show Notes This episode is brought to you by goPure Beauty, get 25% off @goPure with code PROGRESS at https://www.goPurebeauty.com/PROGRESS #goPurepod Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I don't actually care about temporary changes in the stock market.

0:03.7

Market volatility is a normal thing and we also see market recovery.

0:07.8

The scary part about recession is the uncertainty and the way that economic downturn affects

0:14.9

all of these other aspects of our lives.

0:17.2

And that's what we have to pay attention to.

0:30.2

Hi, this is Monica Packer, and you're listening to About Progress, where we are about progress made practical.

0:33.9

Brad and I got married in the month of December in the year 2007, otherwise known as the first

0:40.8

month of the Great Recession. While we didn't yet have kids or a mortgage, this was still a scary,

0:48.0

insecure time for us. Brad was a peon at his job, and I was back at school training to become a teacher, which

0:55.2

entailed us taking on some debt. I'll never forget one afternoon returning to our apartment

1:00.2

after class, screaming when I saw a pair of legs hanging off the end of our bed that were clearly

1:06.3

a man's. Brad called out to me from our bedroom, letting me know that he was home and early because

1:12.2

he had just been laid off. In a span of, I don't know, half a second, all these thoughts swirled over

1:18.8

me. How were we going to make it? Would we be able to pay rent? What I need to quit my program?

1:24.8

Are we going to have to move? Those thoughts were Brad's too,

1:28.7

hence him laying on the bed trying to think it all through. We did make it through that time,

1:34.4

and we're luckier than most. Brad was able to find another job, so all the other question marks

1:39.7

were taken care of. But now it's almost 18 years later, and I can honestly tell you that the feelings

1:46.3

of insecurity never really went away. And now they are exacerbated by the facts that we do

1:52.3

have a mortgage and five kids, and all that comes with feeding them, clothing them, and enriching

1:57.9

them. Oh, and the fact that experts are saying another recession is

2:02.2

coming around the corner, even as we are in the middle of experiencing inflation. Between rising

...

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