Economic cycles of boom and bust are built into the fabric of the American economy. It never seems to fail that at times when the American economy overheats — a recession is often on the horizon. During the good times jobs are plentiful and people are getting good raises.

Then all of a sudden there's a recession, and everything changes. It's important to be prepared for these types of situations as they can happen very quickly and without much warning. For me preparedness led to an opportunity for my business, for you it could be the same.
Remember, I'm a financial advisor, but I'm not your financial advisor. Nothing in this video is meant for financial advice.
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00:00 Introduction
00:54 What Is A Recession?
02:10 Difference Between A Recession & Depression
02:27 Steps You Can Take to Survive A Recession
02:38 Get Rid of Your Credit Card Debt
03:39 Improve Your Credit Score
04:35 Track Your Spending
05:46 Where Can I Decrease My Spendings?
06:01 CAN Process
09:36 Increase Your Emergency Savings
11:30 Don't Try to Time the Market
12:20 Recap