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The Daily Motivation

If You're Living Paycheck To Paycheck, Do This Before The Next Recession | Jaspreet Singh

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8893 Ratings

🗓️ 1 August 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

Jaspreet Singh reveals the three-part system wealthy people use to turn every recession into a wealth-building opportunity, plus why your biggest financial breakthrough starts with changing how you think about money. Discover the "decade of sacrifice" strategy that builds reserves powerful enough to pay for your lifestyle forever.

Transcript

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0:00.0

I have a brand new book called Make Money Easy. And if you're looking to create more financial freedom

0:06.8

in your life, you want abundance in your life and you want to stop making money hard in your life,

0:12.4

but you want to make it easier. You want to make it flow. You want to feel abundant.

0:16.3

Then make sure to go to make money easybook.com right now and get yourself a copy. I really think this is going

0:24.8

to help you transform your relationship with money this moment moving forward. We have some big

0:30.8

guests and content coming up. Make sure you're following and stay tuned to this episode of the

0:36.9

Daily Motivation Show.

0:38.6

Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:49.0

Every 10, 20 years, something's happening, right?

0:51.7

We have seen a recession every decade in our economy for the last

0:55.4

century. In fact, the longest period the United States economy has gone in modern history without a

1:00.4

recession was 2008 to 2020. And that was, you know, quote unquote, a forced recession because the

1:05.9

economy was shut down because of the pandemic. But that was the longest period ever in our modern history

1:12.1

without a recession. So now understanding, that's what recessions happen. Market crash has

1:16.9

happened. When are they going to happen? I don't know, but I want to be prepared for whenever

1:20.0

the next one is. What does that mean to be prepared? That means don't spend all of their money.

1:23.7

That means take some of that money and have it either invested or ready to be invested.

1:28.3

And again, this all goes into your strategy. Because for some people, they're going to set up a system where I'm just going to invest every week, every two weeks, every month, and it's just to set it and forget it. And that's fine. And that means when the next downturn happens, you just keep investing and you just keep riding the wave. for others that means

1:25.4

I'm going to invest every week every month

1:27.5

but I'm also going

1:48.6

to book money into a separate account. That way, when I see a good opportunity. There's market

1:53.7

opportunities when you see a market downturn, but there's also investment specific opportunities

...

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