is the next recession right around the corner and hey, what do you do to prepare yourself?

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxes. You've got financial questions, he's got financial answers. It's Brian Preston,

the money guy.

Brian, I am very, very excited about this show we're about to go through because I think it is

the show that we need to be doing in this moment, right? Things are a little uncomfortable,

they're a little scary, some things out there might be worrisome. And so we want to prepare you,

the listener, you the audience, you the financial mutant to know what could be coming and if it is

coming, how can you best prepare yourself?

Yeah, I think it gets lost sometimes. We talk about automating your wealth building process

and we forget that the whole thing only works if we have risk built into the system.

There has to be volatility. You know, when we share this all the time, you're going to make money

seven to eight years out of every decade, but you're probably there's going to be two to three

years every 10 years or 20 to 30% where you know there's going to be excessive volatility. You just

need to be prepared. So that's what this show is, break glass, watch this before you do that.

And I think it's going to give people a lot of the knowledge they need to make it through this.

So I think to start off, Brian, we ought to start with some vocabulary, right?

Something really unique happened in the first quarter of this year. We actually had negative GDP

growth. And so naturally, whenever we see our first quarter, people start using the R word.

Is this a recession? Is a recession coming? So we thought it'd be viable to define for you

what is a recession? And very simply, a recession refers to a significant decline in economic

activity. It's generally recognized as two consecutive quarters of a decline in GDP. So

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