Are you looking for ways to improve your finances?
You are definitely not alone, as a recession is currently happening. Millions of people are looking for ways to get their family finances in order. That’s why we put together this blog post – to help you get started on the right track.
We want to help you be a successful mommy (or daddy) on the money in the recession. That means to keep reading, and checking out the five profit tips that will hopefully help you live comfortably and provide for your family.
The only problem? They might be wrong this time...
Global economic slowdowns are hitting in 2022, with 70% of Americans believing we'll experience a recession soon. Elon Musk has cut jobs at SpaceX and Tesla to prepare for the impending storm while Jamie Diamond states that he expects an "economic hurricane" to hit America within months - Bill Gates too says it could be this year!
Wikipedia defines a recession as an economic cycle that lasts for more than two years, but it's not uncommon to see companies go through multiple recessions in one lifetime.
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Recessions are nothing new; they happen during every single US president’s term and can be seen as part of America‘ s economic calendar--though some might argue these events cause much unnecessary pain on both sides: consumers who buy less because their incomes decrease while businesses struggle just get by with what they already have until things improve again.
The thing about recessions, is that they don't come around often enough to get used to them. They are like a cold: you can only really prepare for them when you have one. So how do we get ready? Well, the first step is admitting that one might be on the horizon...
The economic times have been tough for quite some time now.
The Federal Reserve was created back in response to the Great Depression, when a recession would happen and then slow down after about 2-3 years of growth followed by another peak before slowing even more dramatically toward an inevitable decline--that is no longer true!
Since manipulations with interest rates started around 6 or 7 year old — which are kind of unheard of these days thanks largely due their success—we've seen ten complete recoveries instead if normal periods between expansions last over 9 years on average.
The use of the fed's policy to avoid recessions seems like it has reached its peak, as we have already suffered one during COVID and another is on standby before even finishing this pandemic.
As the world economy continues to recover from recent lows, there are many who believe that it may be time for another crash.
If this does happen you'll want your financial situation in order so you can get through any tough times ahead with some degree of stability and comfort:
We've put together 5 steps to help make sure your future looks bright no matter where life takes us:
Mommy on the Money: The Importance of Cash Wealth
When the economy is booming, people have more money to spend and invest. But during economic crisis they care about their cash because life suddenly becomes uncertain - there's no telling when businesses will stop growing or what might happen in our personal lives if we lose a job opportunity.
When this happens fears rise among investors who are unsure whether certain assets worth holding onto now may become valuable later on down the line. These negative feelings lead many towards risky investments without thinking too much of possible consequences.
When the Fed raised rates, even Satoshi Nakamoto sold his bitcoins and began to grow cash position. Suddenly everyone followed suit as Warren Buffet prioritized his wealth in safe investments rather than riskier ones like Elon Musk or Cathie Woods who have lost much of their fortune recently due to this year's market volatility .
Unpredictable days, and with it comes a time for economic belt-tightening. The best way to prepare yourself in these difficult times ahead will be by cutting back on expenses as far as you can so that when the recession does come - whether its soon or later down this road--you'll have enough cash saved up just waiting around willing & able!
What Happens if You Don't Plan? Fictional Novel Overview: Mommy and the Money by Nancy Goldstone
Mommy and the Money is a sequel to Mommy and Murder, a UK serial and dramatics piece by Jane Dystel.
The novel, authored by Nancy Goldstone, features her two endearing characters, Elizabeth Halperin and her three-year-old daughter Emily. This time mother and toddler are looking for the killer of Elizabeth's late new beau and also $30 million missing from the dead man's money. The plot of the story wealth displacement perfectly, with Emily asking all the right questions about why people have different amounts of money.
When Elizabeth's occasional date, real estate developer Jonathon Nichols, is murdered at his Lenox, Mass., construction site, the lumpish, unimaginative Chief Rudge figures Elizabeth, a mystery writer and wealthy widow, did him in. Jonathon, who was not what he seemed, died without telling Elizabeth where he stashed the $30 million he obtained fraudulently, but who believes her?
Elizabeth is used to being looked at askance because of her wealth--everyone assumes she's had something to do with her husband's death five years ago, even though there was never any proof. So when Jonathon is killed and the money goes missing, she's the obvious suspect. But Elizabeth is determined to find the real killer and clear her name--even if it means putting herself in danger. After all, she has nothing to lose.
Alejandro and Kristina Tumenas were not the culprits; who portrayed innocent victims. Ed Pasquini and Frank Plishtin, a 'supposed FBI duo'; or even sophisticated Simon Montgomery, courts Elizabeth to dinner. You never what people will do for money. All of a sudden people are dropping like flies, and Elizabeth sniffs out who took the love of her life. It is a one for snicker and admiration as Elizabeth works through the suspect list. Levelheaded little Emily seems to be a favorite to hopefully not grow up like Elizabeth with the problems of wealth or beauty.
We're in the middle of an economic crisis and things are not looking good. In fact, we may have another year like this one before prices drop again because it will take time for global supply chains to be solved which could make us even more vulnerable during these high-inflation periods! So if you want your money now instead of later when deflated by inflation - save!
Mommy on the Money: Make Wise Investments in a Liquid Business
During financial turmoil, it is important to invest in liquid businesses because cash becomes scarce. Businesses often shrink dramatically or just declare bankruptcy; people aren't going work for free! Remember that they have stomachs too - so this means there will be a wave of laid off workers throughout the country who need your services now more than ever before.
But have you ever considered what would happen if even these huge corporations were unable to make ends meet?
The answer may surprise and shock some people: They went bankrupt (AIG, Chrysler, General Motors and others)! This eventful year saw major successes as well as devastating failures in business; however there's no room left luggage because smaller governments or more stable firms took over most acquisition attempts by larger counterparts which means investors should focus their investments on cash-rich companies that can survive any storm rather than face recessionary fears without enough liquidity (money).
However, if you want a more detailed look at how liquid the business is from behind closed doors then all that's necessary for this task would be to take inventory of its balance sheet. You'll easily find financial statements for public companies in case they're not available online or through other means; however just because a company such as Apple may have over $200 billion dollars worth of cash doesn't mean it’s possible everywhere else!
Mommy on the Money: Seize the Recession Opportunity
The economy is a constantly shifting thing. It's easy to think that the worst of times are always good for startup businesses, but this just isn't true! When an economic crisis strikes and huge corporations become distracted with their own bureaucracy- it gives new startups opportunities they wouldn’t otherwise have available in normal circumstances.
With 2 billion users and an ever-growing number of those coming from Mark Zuckerberg's social media empire, WhatsApp is a force to be reckoned with. Founded in 2009 when many countries were still struggling financially due the global financial crisis five years later Facebook bought them out for 19 billion dollars which today makes it worth much more than before especially considering how big their user base has become!
Bitcoin, the most popular cryptocurrency in existence was founded back in 2009 by an unknown person or group known only as “ Satoshi Nakamoto”.
Today it is worth almost 50 billion dollars and continues to grow despite struggles with profitability which have plagued many other companies on this list- including Pinterest, Venmo, Slack, Square, and even Uber!
Without the 2008 crash, many people would never have become millionaires and billionaires. The reason why Satoshi created bitcoin in response to this economic disaster is what turned them all into reality!
The industry is not always kind to those who are impacted by the crisis.
The economic crisis is not just an opportunity to start a business, it's also time you use your skills and rise up the career ladder. During these times of turmoil people with ambition will have less competition because most others won't want anything more than what they can get right away; so take responsibility for yourself!
The last crisis showed that it's not just the junior managers who can cause large companies trouble. Even CEOs have been replaced by their own picks at times, which shows how vulnerable we all are to human error and poor business decisions.
Mommy on the Money: Cash Out? Think Again...
The truth is that when markets fall hard like they did last year - people often forget about their investment plans and sell off because they think the world's going come crashing down around them if they don't do something quick enough.
But this just isn’t true- so long as we're prepared for whatever may happen next in these unpredictable economic times.
The investors who made money are the ones that sold their stocks before everything crashed or waited till crisis passed to buy them back at lower price during expansion periods because they knew what was coming next!
Mommy on the Money: Say No To Debt
A recession can be a difficult time for anyone, but if you haven't prepared yourself financially, you may struggle more than most. A lot of people get into debt during a recession when they can't fulfill their basic needs.
To protect yourself from financial hardship during a recession, it's important to build up wealth beforehand.
This way, you'll have some cushion to fall back on if you lose your job or suffer other financial setbacks. By preparing for a recession, you can help ensure that you weather the storm successfully.
That's why recessions make the rich richer and the poor poorer because poor people often struggle to save money, so during the recessions, they might have to borrow to put food on the table while the rich don't and can use that excess cash to take an opportunity of the crisis.
The wealthy are able to weather these storms much better than those who are struggling to make ends meet. They often have a cushion of savings that they can fall back on, which can help them take advantage of opportunities that arise during a recession.
For example, they may be able to buy up assets at a discount or invest in businesses that are struggling. This helps them increase their wealth even more, widening the gap between the rich and the poor.
So, what’s the takeaway? Lady Queen? It’s simple. It's no secret history repeats itself. You have to get started now by taking action. Yes, it would be great if you could do all of these things, but realistically, most people can only tackle a few at first. Pick the ones that make the most sense for you and your specific situation and go from there. And remember, crises will come along; it’s just a matter of time. The key is being prepared so that when they do hit, you don’t fall apart.
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Important Disclaimer: The views, information and opinions expressed in the video series are solely of Being the Change LLC and its affiliates. We do not guarantee any results. Please reach out to a financial professional to review your portfolio before any transactions.
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