9 Tips on How to Prepare for a Recession

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A recession signifies a time of downward economic and GDP growth for two quarters. If the GDP creates negative growth for two consecutive quarters, that indicates a recession.

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As you start to think about how to prepare for a recession, there will be steps to take to help weather the storm. Each step is just a way to get your finances in the right place.

Pay Off Debt

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Living Within Your Means

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Investing For the Long Term

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Find a Recession Proof Job

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Create Multiple Streams of Income

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SWIPE UP TO READ MORE

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