Wise people learn from experience. Super-wise people learn from others' experiences. There is so much to learn in life if we are willing to learn and take action. In this episode of the David Spisak show, David addresses how to approach times of economic downturn in a way that can have a positive impact on the rest of your life.

Key points about recession-proofing your life:

00:34 - David shares that he typically likes to talk about subjects from an optimistic perspective. He loves to find the good in things and look for joy everywhere in life. Remaining curious is something that has brought him a lot of fulfillment throughout his life. Although he finds it relatively easy to see the positive in things, David notes that it's even easier to see things from a negative point of view.

02:16 - To quote the popular television series, Game of Thrones, "winter is coming." One glance at the headlines these days makes it impossible to see the signs of an economic downturn. We've seen three separate interest rate hikes in an effort to address inflation and get it under control. For the first time in a while we are starting to see consumer confidence wane, while at the same time, the cost of credit card debt is on the rise.

06:20 - During periods leading up to economic instability, it's important to prepare. David recommends that the time to take an assessment or self-inventory is now. It's time to make changes in terms of your approach, your methodologies, and your daily regimen so that you can end up with positive outcomes on the backside of the recession.

06:55 - The recession of 2008 made way for some extraordinarily successful companies that were started in 2000. There were people in 2008 with pretty dire circumstances who were able to turn things around and achieve uncommon levels of success for themselves and their families.

08:01 - If you're under the age of 36 or 37 it's likely that you have never experienced a downturn in your lifetime — at least, not as an adult. You've never seen inflation of any kind, much less the hyperinflation that we are experiencing now. You've never seen $5 plus for a gallon of gas. You've never seen rising prices at pretty much every grocery store, from milk to chicken nuggets and from new cars to used cars, mortgage rates, and beyond.

09:01 - David shares what we must do right now in order to protect ourselves, protect what we've earned, and protect our assets.

Continue listening to the full episode to discover how to become recession-proof!

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