610. Stop Being Afraid Of A Recession!

<p><span style="font-weight: 400;">By definition, a recession is just two quarters in a row of negative growth for the GDP, or gross domestic product. In a healthy economy when the GDP is growing three to five percent, a recession simply means negative growth for six months. There’s so much misinformation and fear mongering around recessions, but the reality is that they’re a self-fulfilling prophecy most of the time. I break down why you don’t need to freeze your spending and stress out about the possibility of an upcoming recession. I explain my approach to recessions, my policy when it comes to building my own micro-economy, and why you should always have 12 months of runway to help you stay afloat in the event of an economic downturn in your industry. </span></p> <p> </p> <p><strong>IN THIS EPISODE, WE TALK ABOUT:</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why I don’t buy into the panic about economic recessions </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The cyclical nature of the economy </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The reason why ‘08/’09 kicked my butt, and what I’ve done to ensure that won’t happen again </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How I’ve made myself recession-proof </span></li> </ul> <p> </p> <p><strong>RESOURCES</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.  </span></li> </ul> <p> </p> <p><strong>CONNECT WITH CHRIS</strong></p> <p><span style="font-weight: 400;">Follow Me:</span> <a href= "https://www.instagram.com/chriswharder/?hl=en"><span style= "font-weight: 400;">@chriswharder</span></a></p> <p><span style="font-weight: 400;">Visit My Website:</span> <a href="https://chrisharder.me"><span style= "font-weight: 400;">https:/