How To Prepare For A Recession in 2022 And Recession Proof Your Life
How To Prepare For A Recession in 2022 And Recession Proof Your Life
In this exciting episode of the Holistic Wealth podcast with Keisha Blair, we have an exciting solo episode on How To Prepare For A Recession in 2022 And Recession Proof Your Life (with Keisha Blair). Weāre in the midst of a high-inflation period, with rising gas prices, rising food prices and rising interest rates. We are also in the midst of a war with Russia invading Ukraine, and we are also in the midst of a Great Resignation Wave, and many experts are also now predicting that we will experience a recession in 2022, as early as this Summer.
Ā How To Prepare For A Recession in 2022 And Recession-Proof Your LifeĀ
The pandemic has caused us all to look more deeply at our lives to examine the direction we want our post-pandemic lives to take. In this episode I will walk you through the various steps to prepare for a recession and the steps you can take to recession-proof your life. In the NEW Holistic Wealth Expanded and Updated: 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom, there are many strategies throughout to help you master the āArt of Recovery From Disruptionā. Tune in to listen to this episode of the Holistic wealth podcast with Keisha Blair.
What is a Recession?
According to Investopedia, a recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It has been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment, stagnant wages and volatility in the stock market.
How To Plan For A Recession Right Now
These are a quick list of some strategies to help you plan for a recessionĀ
- Have a Holistic Wealth Portfolio With A Financial Plan
- Focus on Financial Resilience
- Know Your Personal Financial Identity (And How to Harness Its Strengths)
- Have an Emergency Savings Fund (with 9-12 months)
- Get Rid of Stuff You Donāt Need
- Get Additional Sources of Income
- Pay Down Debt
How To Prepare For A Recession in 2022 And Recession Proof Your LifeĀ
In this special solo episode of the podcast episode, I will walk you through these steps and explore the different considerations as well as strategies for planning for a recession, including planning your personal finances. I discussed various strategies from my new book: Holistic Wealth (Expanded and Updated): 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom. Tune in to this exciting episode of the Holistic Wealth podcast with Keisha Blair.
Keisha Blair
Bestselling Author & Economist
What You Will Learn
- Why it’s so important to start planning for a recession now, including some historical context from the NEW Holistic Wealth Expanded and Updated book by Keisha Blair.
- What is Financial Resilience and how it can help you bounce back from life-altering setbacks.
- Learn some tips and strategies for budgeting and saving as part of your financial plan.
- Why knowing your personal financial identity is so critical for your financial plan.
- My thoughts on thriving through a global pandemic, and managing your personal finances in order to transition to a new job or career or business.
- Your personal financial identity (based on Keisha Blair’s Personal Financial Identity Framework and Quiz, and how it affects transition planning to help you succeed.
- Learn some tips and strategies for getting out of debt and building an emergency savings fund of at least 9-12 monthsā worth of savings.
Featured on the Show:
Feature One
- Check out my website at: keishablair.com
Feature Two
- Pre-order Keisha Blairs new book, Holistic Wealth:36 Life Lessons To Help You Recover From Disruption, Find Your Purpose and Achieve Financial Freedom.
- Visit www.keishablair.com and subscribe. Also check out our FREE financial identity quiz and online courses at the Institute on Holistic Wealth. Check out our signature program, and become a Certified Holistic WealthTM Consultant and help people build a life of Holistic Wealth.Ā
- Check out our signature program, and become a Certified Holistic Wealth Consultant and help people build a life of Holistic Wealth.
Ā
Feature Three
- Order my award-winning, bestselling book Holistic Wealth: 32 Life Lessons To Help You Find Purpose, Prosperity and Happiness, and the Holistic Wealth Personal Workbook.
Feature Four
Feature Five
- Full Transcripts are available on the Institute on Holistic Wealth website and are available to members of the Institute on Holistic Wealth (Become a member of the Institute on Holistic Wealth).