Welcome to another empowering episode of the Building Your Money Machine Show! Today, we're breaking down the hype around the economy and recession, and I’m sharing some real, actionable insights on how to build and preserve wealth during such challenging times. The key here is not just survival but thriving, whether the market is up, down, or sideways.

In this episode, I delve deep into what a recession actually means, why it happens, and most importantly, why you shouldn't panic. Recessions are simply part of the economic cycle. 

We'll discuss the impact of a recession on your wealth, from job loss to declining asset values.

Let's navigate this together. I'll share the tools, strategies, and mindset that can shield you from economic downturns and help you seize opportunities that arise. Let’s light the path to financial freedom! 

IN TODAY’S EPISODE, I DISCUSS:

• Understanding what a recession is and its impact on your wealth
• How to control your emotions to avoid making poor financial decisions
• Diversifying investments and multiple income streams to mitigate risk
• Creating a "peace of mind" fund to ensure financial security and liquidity
• Cutting non-essential spending to avoid unnecessary financial strain

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• What the Insurance Industry is Lying to You About
• Alarming Financial Habits That Will Surprise You
• Why Saving Your First $10k Can Change Your Life
• 12 Most Common Regrets of Rich People

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• Alarming Financial Habits That Will Surprise You: https://youtu.be/SHTg-TA27s4 
• 12 Most Common Regrets of Rich People: https://youtu.be/fan5rKvRafE
• How to Save YOUR First $100k (My Savings Framework): https://youtu.be/cex4G3Nbqlg 
• If I could only buy 4 assets, this is what I would do: https://youtu.be/dYohJDcGp5Y 

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