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Being Prepared For Long-Term Economic Downturns
Manage episode 436429764 series 3561293
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Mike discusses the importance of preparing for a recession and offers advice on how to recession-proof your retirement. He emphasizes the need to minimize discretionary spending, raise your cash position, and de-risk your future portfolio.
Mike also highlights economic indicators to watch for, such as consumer credit card spending, layoffs, and changes in the housing market.
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