Podcast Episode Details
Back to Podcast Episodes
8 Signs You're NOT Ready For The Upcoming Recession
Episode 356
Welcome to another impactful episode of the Building Your Money Machine Show! Today, I’m taking a practical look at a question on everyone’s mind: Are you really ready for the next recession?
There’s a lot of noise out there about the stock market, scary headlines, and economic forecasts. But let me set the record straight—recessions aren’t about the stock market’s mood swings. A recession is the ultimate stress test for your finances. If you aren’t prepared, it’s going to find every crack in your financial foundation and expose it.
We’ll talk about why tackling debt is the first vital step, why having a single income stream can put you on a financial cliff, and why emergency funds aren’t just for peace of mind—they’re your financial life raft. I’ll also walk you through how your investment portfolio should actually match your age, stage, and current situation, and why building your own money machine isn’t optional anymore—it’s essential.
The best part? Every move you make to recession-proof your finances also sets you up to build sustainable wealth in ANY market. This is not just about surviving a recession. It’s about building a financial future the economy can’t take from you.
IN TODAY’S EPISODE, I COVER:
- Why debt is a silent cash flow killer
- The difference between an emergency fund and a peace of mind fund
- The dangers of relying on a single paycheck, client, or contract
- How to become indispensable to your employer or clients
- Why you need to start building your Money Machine right now
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- 40 Harsh Truths I Wish I Knew in My 40s
- How to Build Your Financial Freedom Engine (Step-by-Step)
- Stop These 8 Habits to Quietly Build Wealth (I wish I knew this sooner)
- ACCOUNTANT EXPLAINS: Why Net Worth Skyrockets At $100k
- My Honest Advice To Anyone Who Wants To Get Rich
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- 40 Harsh Truths I Wish I Knew in My 40s: https://youtu.be/RUIh5osQigo
- How to Build Your Financial Freedom Engine (Step-by-Step): https://youtu.be/OuETMEdqPB4
- Stop These 8 Habits to Quietly Build Wealth (I wish I knew this sooner): https://youtu.be/mpfQqi2RRT4
- ACCOUNTANT EXPLAINS: Why Net Worth Skyrockets At $100k: https://youtu.be/AdyUwRGrGvQ
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
Published on 1 week, 3 days ago