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Rule The Next Economic Disaster By Doing These 5 Simple Things
Be A Winner Now And Be A Winner Later
As many of you know now, we are in a 2020 economic downturn— and most likely, a depression. This story will help you prepare how to become a winner of the next economic disaster so you don't end in the sea of a higher chance of unemployment, investment losses, and general financial instability. Especially, it will help you if you are currently in this time living paycheck-to-paycheck, down in debt, and have trouble paying your bills.
- First: What is a recession/economic disaster?
A recession is a downturn in the economy. On a broader scale, this means that businesses lose money and industry produces less product for two quarters — or six months — in a row.
What does a recession mean for everyday people? Recessions are typically marked by the higher unemployment rate, wages that do not go up, decreased housing prices, and a downturn in stock market equities and other investments.
1. Build Another Source Of Income
Warren Buffet has a saying that goes, "If your only source of income is your salary, then you're one step away from being broke."
Unfortunately, it's true. Our society that we live in has always conditioned us to find a…
