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The Personal Finance Podcast

There’s a Recession Coming. Here’s How to Deal With It.

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.71.4K Ratings

🗓️ 24 June 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

In this episode we cover:  Why There’s A Recession Coming  How to Handle a Recession How to Prepare for a Recession  Why Recessions Happen  How to Handle Your Investments in a Recession  Resources in this episode:  Debt Prices Beyond 2008  Dollar After Dollar  M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast, we're going to talk about how you need to hold on to your hats,

0:06.0

because there's a recession coming. Oh, I'm not. I think. Yeah.

0:13.0

I think. Yeah. What's up everybody? And welcome to the personal finance podcast. I'm your host

0:30.9

Andrew founder of Dollar After Dollar.com and today on the podcast we're

0:35.8

going to be talking about some fun-filled news because I got a news flash for

0:40.3

you and you got to hold on to your fancy pants because there's a recession coming and I'm not just talking any recession I'm talking a real recession.

0:49.5

See here in Florida we have hurricanes and hurricanes can devastate a city, but the cool thing

0:56.2

about hurricanes is you know exactly when they're coming, and you can prepare by going

1:01.8

to get flashlights, batteries, waters.

1:05.0

But there's another type of natural disaster that we're all familiar with called tornadoes.

1:09.0

And we have no idea when tornadoes are going to show up.

1:13.0

And they can come in the middle of the night while you're sleeping.

1:15.0

They can show up when you least expect it.

1:18.0

There's no time to prepare,

1:20.0

and there's no time to go and grab supplies because once that tornado hits, the clock is ticking.

1:27.0

And I'm going to let you in on a little secret.

1:29.0

There's a storm brewing out there, and whether you deal with it as a hurricane or a tornado is up to you.

1:35.0

But the choice is up to you because there's a recession coming and I don't know when a recession's coming.

1:41.0

I don't know how soon before the recession is going to hit, but there

1:45.1

is a recession coming. How am I so confident in this? How do I know that there is a recession coming?

1:50.0

How can I even make claims like this? Because there's a fact built right into my claim.

1:55.2

There's always a recession coming.

...

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