#47 - Recession Preparation : 6 Tips For Melanin Millionaires

With the continued chatter ( and maybe even some confirmations) of a looming recession, many people are wondering how they should prepare. As always , on the Melanin Money Show, we are going to bring you the time-tested, proven, and actionable solutions to help you on your journey. No need to fear, worry, or over-react ; recessions are a part of the economic cycle , and we’re going to be here every step of the way . In this episode we’ll unpack 6 Tips To Help You Navigate The Next Recession. Tap in with us to understand the importance of : 

• Knowing the data and economic behavior behind a recession: this is important as most people will operate in fear and pessimism ; financially successful people will be operating with a lense of opportunity. 

• Opportunity Capital : why we need to be prepared to capitalize on opportunities while fear is gripping novice business owners and scared investors!

• Tapping Into Your Irreplaceable Skills : how do you find out what skills you have that are going to be needed in the economic “lull” ? These will be the skill sets that businesses and entire industries can't operate without.

 

• Your Power To Compound Your Savings : what to do when your earnings slow down or pick up depending on your revenue streams and what tactics to use as savings will be essential. 

 

And so much more!

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