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The Stacking Benjamins Show

Are Recessions Actually Good For Us? (Earn & Invest Community Episode) SB1539

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.42K Ratings

🗓️ 2 July 2024

⏱️ 57 minutes

🧾️ Download transcript

Summary

If you listen to the news (or see the carnage around you), you know that recessions are a time of hurt. Companies downsize or go bankrupt. People lose their jobs, their homes, and in a stock market decline, their ability to meet goals. But are recessions actually good for us? One recent financial piece says that they are, and our collaborator and friend Doc G at our award-winning sister show, Earn & Invest, dives into it today. He's asked two people from his community plus Joe Saul-Sehy to a panel discussing the possibility that just maybe...behind all of the tears and horror, a recession might be healthy. Find the original show notes here: https://www.earnandinvest.com/episodes-8/are-recessions-good-for-you Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode sponsored by State Farm.

0:02.0

You a small business owner looking for insurance that fits your needs and budget?

0:06.0

Well, look no further than State Farm.

0:08.0

State Farm agents are not just insurance providers,

0:11.0

they're also small business owners who live and work right here in your community.

0:16.0

They understand the unique challenges of running and protecting a small business.

0:19.7

When it comes to small business insurance, State Farm knows what it takes. Create a plan that

0:25.2

fits your needs and your budget. State Farm agents are ready to help you choose

0:28.8

personalized policies that truly understand your business.

0:33.4

Ensure your small business with a fellow small business owner.

0:36.4

Talk to a State Farm agent today and get started on personalized small business

0:40.0

insurance that fits your needs.

0:42.1

Like a good neighbor, State Farm is there. Talk to your local agent today.

0:47.3

Navy Federal has made it their mission to help military members and their families tackle

0:51.2

home ownership with their new no refi rate drop option

0:55.5

you could buy your home now and if rates drop later you could then lower your

0:59.7

rate without refinancing plus they also offer mortgage options with zero down

1:03.9

payments so you don't have to wait years to save. Navy Federal Credit Union

1:07.2

likes to reward their members for using their credit cards. Whether you're

1:10.0

shopping for groceries or booking your next vacation, the more rewards card could make your

1:14.6

purchase rewarding. And you could earn 30,000 bonus points, that's what I like, when you spend

1:20.2

$3,000 in the first 90 days of account opening.

...

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