Today's episode is about the upcoming recession. A recession is defined as, “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”

It’s not so scary when you call it what it is. It’s a temporary period of time when there is a contraction in the economy, not expansion. We all know the saying, “what goes up, must come down.” The stock market wouldn’t be the stock market if it always increased in value. An indefinite bull market wouldn’t work. There would be no exchange. Just as the value of a single stock fluctuates throughout the day, week, month year, so too does the economy. It’s just the way it is.

Full Article: "Is a Recession Coming? The Definition of a Recession." 

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Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.

Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com