{"id":16268,"date":"2022-05-20T12:16:57","date_gmt":"2022-05-20T16:16:57","guid":{"rendered":"https:\/\/aspire-canada.com\/?p=16268"},"modified":"2022-05-20T12:16:57","modified_gmt":"2022-05-20T16:16:57","slug":"how-to-prepare-for-a-recession-in-2022-and-recession-proof-your-life","status":"publish","type":"post","link":"https:\/\/aspire-canada.com\/?p=16268","title":{"rendered":"How To Prepare For A Recession in 2022 And Recession-Proof Your Life"},"content":{"rendered":"

In this exciting episode of the Holistic Wealth podcast with Keisha Blair, how to prepare for a recession in 2022 and recession-proof your life. We\u2019re 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. 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, Keisha Blair 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<\/a>, there are many strategies throughout to help you master the \u201cArt of Recovery From Disruption\u201d. Tune in to listen to this episode of the Holistic wealth podcast with Keisha Blair.<\/p>\n

What is a Recession?<\/strong><\/p>\n

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.<\/p>\n

How To Plan For A Recession Right Now<\/strong><\/p>\n

These are a quick list of some strategies to help you plan for a recession<\/p>\n

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  1. Have a Holistic Wealth Portfolio With A Financial Plan<\/li>\n
  2. Focus on Financial Resilience<\/li>\n
  3. Know Your Personal Financial Identity<\/a> (And How to Harness Its Strengths)<\/li>\n
  4. Have an Emergency Savings Fund (with 9-12 months)<\/li>\n
  5. Get Rid of Stuff You Don\u2019t Need<\/li>\n
  6. Get Additional Sources of Income<\/li>\n
  7. Pay Down Debt<\/li>\n<\/ol>\n

    Keisha will walk you through these steps and explore the different considerations and strategies for planning for a recession, including preparing your personal finances. She will discuss various strategies from her new book: Holistic Wealth (Expanded and Updated): 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom<\/a>. Tune in to this exciting episode of the Holistic Wealth podcast with Keisha Blair.<\/p>\n

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