Welcome to another impactful episode of the Building Your Money Machine Show! Today, I’m taking a practical look at a question on everyone’s mind: Are you really ready for the next recession?
There’s a lot of noise out there about the stock market, scary headlines, and economic forecasts. But let me set the record straight—recessions aren’t about the stock market’s mood swings. A recession is the ultimate stress test for your finances. If you aren’t prepared, it’s going to find every crack in your financial foundation and expose it.
We’ll talk about why tackling debt is the first vital step, why having a single income stream can put you on a financial cliff, and why emergency funds aren’t just for peace of mind—they’re your financial life raft. I’ll also walk you through how your investment portfolio should actually match your age, stage, and current situation, and why building your own money machine isn’t optional anymore—it’s essential.
The best part? Every move you make to recession-proof your finances also sets you up to build sustainable wealth in ANY market. This is not just about surviving a recession. It’s about building a financial future the economy can’t take from you.
IN TODAY’S EPISODE, I COVER:
- Why debt is a silent cash flow killer
- The difference between an emergency fund and a peace of mind fund
- The dangers of relying on a single paycheck, client, or contract
- How to become indispensable to your employer or clients
- Why you need to start building your Money Machine right now
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- 40 Harsh Truths I Wish I Knew in My 40s
- How to Build Your Financial Freedom Engine (Step-by-Step)
- Stop These 8 Habits to Quietly Build Wealth (I wish I knew this sooner)
- ACCOUNTANT EXPLAINS: Why Net Worth Skyrockets At $100k
- My Honest Advice To Anyone Who Wants To Get Rich
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- 40 Harsh Truths I Wish I Knew in My 40s: https://youtu.be/RUIh5osQigo
- How to Build Your Financial Freedom Engine (Step-by-Step): https://youtu.be/OuETMEdqPB4
- Stop These 8 Habits to Quietly Build Wealth (I wish I knew this sooner): https://youtu.be/mpfQqi2RRT4
- ACCOUNTANT EXPLAINS: Why Net Worth Skyrockets At $100k: https://youtu.be/AdyUwRGrGvQ
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