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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.
IN THIS EPISODE, WE TALK ABOUT:
RESOURCES
CONNECT WITH CHRIS
Follow Me: @chriswharder
Visit My Website: https://chrisharder.me
By Chris Harder4.9
14301,430 ratings
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.
IN THIS EPISODE, WE TALK ABOUT:
RESOURCES
CONNECT WITH CHRIS
Follow Me: @chriswharder
Visit My Website: https://chrisharder.me

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