5 Ways To Be Prepared For A Recession

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I’ll be totally honest一when I look at my own stock portfolio, I’m down 43% right now. It’s not ideal, but it doesn’t have to determine my outcome. In both good times and bad, your results are always all about your preparation. There’s plenty of opportunity in front of you, but the key is being able to recognize what they are and capitalize on them now. I’m sharing the five R’s that are going to help set you up for success, regardless of what’s going on in the economy. 

 

Episode Timeline & Discussion Questions:

( 1:07 ) Welcome back to The Chris Harder Show. Today, Chris is talking about how to prepare for an economic slowdown or recession. 

( 3:14 ) Chris’s first tip is to stay rooted in reality. 

( 4:53 ) The second R stands for runway. 

( 7:20 ) The third R stands for recurring revenue. 

( 8:53 ) The fourth R stands for resourcefulness. 

( 10:28 ) The fifth R stands for restrict or reduce. 

( 13:54 ) Chris asks listeners to share the podcast and leave a 5-star review. 

Your reality is
the exact
snapshot of
what you
have today.

You’re Going To Hear About:

  • Staying rooted in your micro-economy and reality 
  • Creative ways to give yourself 12 months of runway 
  • Examples of recurring revenue that Lori and I rely on 
  • How to become more resourceful 
  • Understanding where you can restrict or reduce for a short period of time 

Resources Mentioned:

  • Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.  

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