In this throwback episode from 2019, Erik Garcia, CFP®, shares his 4 point plan for prepping for the next recession. Experts disagree on when the next recession will come, but the markets are cyclical, which means that eventually, a recession will be upon us sooner or later. If you’re concerned about an economic downturn, you aren’t alone.

Erik breaks down some of the market terminologies you often hear in terms the average person can understand. The stock market is predictably volatile, and the economy is cyclical. Even though this was originally recorded in 2019, it is remarkably relevant for us today.