11 Timeless Habits To Survive Any Recession

Описание: 📋 SUMMARY
Have you ever felt the fear of losing your job or running low on savings when the economy takes a downturn? You're not alone, and it doesn’t have to be this way! Dive into another insightful episode of the Building Your Money Machine Show as we unpack timeless habits to survive any recession and ensure you don’t just survive, but thrive!

In this episode, I explore the essential habits that distinguish those who struggle financially from those who come out on top, regardless of the economic climate. Drawing lessons from historical recessions and highlighting the wisdom of savvy investors like Warren Buffett, I'll guide you on how to build a recession-proof emergency fund, distinguish between needs and wants, increase your income streams, and much more.

Join me as we delve into habits that move beyond mere survival and aim for flourishing in any economy. Discover how to position yourself for long-term financial stability and freedom, by mastering timeless habits that empower your financial journey.

📈 RESOURCES MENTIONED IN THE VIDEO:
👉🏽 Book - "Building Your Money Machine": yourmoneymachinebook.com
👉🏽 Affluent Entrepreneur Facebook Group: melabraham.com/group
👉🏽Debt Breakthrough Calculator - helps with creating a debt payment plan: melabraham.com/nodebt.

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The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.


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🎁 FREE Wealth Building Resources -
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💲👉🏽 Debt Breakthrough Calculator - MelAbraham.com/NoDebt
💲👉🏽 Financial Freedom Zone Quiz - YourFinancialFreedomQuiz.com
💲👉🏽 Investment Accounts Demystified - MelAbraham.com/demystified
💲👉🏽 ETF Evaluator - MelAbraham.com/etf
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💲👉🏽 Lifestyle Cost Calculator -MelAbraham.com/lifestyle
💲👉🏽 Risk Tolerance - MelAbraham.com/tolerance
💲👉🏽 My Money & Wealth Book Picks - MelAbraham.com/wealthbooks

★ WHO IS MEL ABRAHAM ★

I’m a seasoned CPA turned global speaker, entrepreneurial innovator and money mentor. I am the mind behind the USA Today bestseller, Building Your Money Machine: How To Get Your Money To Work Harder For You Than You Did For It!. As the founder of The Money Machine Blueprint™, The Legacy Factor™, and Thoughtpreneur™ Academy, Mel has dedicated his career to empowering individuals and entrepreneurs to transform their financial destinies and craft lives of choice, not chance.

⏰ TIMESTAMPS:
00:00 Understanding financial struggles beyond income.
01:01 Lessons from past financial crises.
02:29 Importance of a recession-proof emergency fund.
03:16 Safeguarding against debt during recessions.
06:14 Differentiating necessities from desires.
09:01 Necessity of multiple income streams.
11:52 Continuous investing despite market volatility.
16:15 Managing high-interest debt.
19:07 Creating a practical, recession-proof budget.
21:49 Investing in skill development for the future.
24:04 Ensuring cash flow in tight situations.
25:09 Protecting against inflation.
26:22 Importance of networking and relationships.
27:56 Maintaining a positive and proactive wealth mindset.


🚧 DISCLAIMERS & DISCLOSURES 🚧
This content is for educational and entertainment purposes only. Mel does not provide tax or investment advice on this show. ALWAYS seek professional advice for your specific circumstances.

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