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Why a Recession Shouldn't Matter To You
ThimbleberryU
English - August 08, 2022 13:00 - 11 minutes - 10.8 MB - ★★★★★ - 3 ratingsInvesting Business News Business News amy walls financial planning investement portland oregon taxes thimbleberry u Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
We are talking about the dreaded "R-Word" today - RECESSION! Maybe it doesn't matter to you personally, or at least as much as you might think.
A recession is a "lagging indicator" - which means we can only tell if one exists in hindsight, not by looking ahead. And if you knew a recession was coming, how much of your day-to-day life would you really change? Remember, news outlets are always trying to get eyeballs and clicks - so take any hype you hear with a big grain of salt.
Yes, recessions can be scary and invoke many fears. But in addition to media hype, this is because most Americans aren't financially prepared. On average, a recession happens around every 5 years, and lasts 11 months. That's means we only spend about 20% of our time in one!
As always, it comes down to preparation. Amy and Jag break down the best ways to prepare for a recession. So when one comes, you'll be ready.
Want to know more?
Contact Amy and her team at Thimbleberry Financial online at https://thimbleberryfinancial.com/
Or give them a call at (503) 610-6510.
To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.