The 2020 Recession: How To Prepare For The Next Economic Crash

  • 🎬 Video
  • ℹ️ Description
The 2020 Recession: How To Prepare For The Next Economic Crash 5
UCO3tlaeZ6Z0ZN5frMZI3-uQ

The U.S. economy has officially entered the longest expansion in its history. United States GDP has been growing for the last 121 consecutive months. When will we experience the next recession? What measures can you take to protect your investments from the negative effects of an economic crash?
In this video, we will discuss some potential causes and indicators of future recessions. We will take a look at the odds and predictions of a recession in 2019-2020.

Most importantly, this video will provide you with some insight as to how you can prepare for upcoming recessions. I make very little attempt to time the market. Dollar-cost averaging can have many benefits.




Read these investing books:




Want to grow your business? Check out Santrel Media’s YouTube Channel

DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.


(offer subject to change, some restrictions apply)

💬 Comments on the video
Author

To believe he giving all this info for free...cmon least you can do is Like homie's videos.

Author — Wani Geremiah

Author

Who is watching this during the corona outbreak? :D

Author — tjerkwietse

Author

Ok time traveler reveal more of your secrets

Author — Chief

Author

Welp. Should've watched this 8 months ago.

Author — UchihaPlasma

Author

I like to keep about 40% of my assets in cash, on hand, so that's about 23 dollars. Just in case dominoes has a pizza deal. I also invest in chocolate cake. I've got three in the fridge. I hold some gold plated tea spoons for my grandmother total value 20 dollars. Should I invest in property?

Author — G Foster

Author

I don't have a luxurious or phenomenal life, but the best part is.... I don't owe anyone anything.

Author — Nugsy Malone

Author

I have a PhD in Finance and still stayed till the end - very nice recap and pieces of advice, young Sir!

Author — dvrify1

Author

I've been through two recessions. To prepare
1. Settle credit card debt and back taxes
2. Have up to 12 months emergency funds plus 3 months for every child. If the economy turns around and there's little chance you'll lose your job, you can use this excess cash to buy an extra property or stocks
3. If you want to remain invested, switch to recession proof stocks like utilities, food and tech (some people would rather have mobile phones and internet than food)
4. Cut out unnecessary expenses like international vacations and practice eating and watching movies at home. Try also taking public transportation in case you have to get rid of your car lease
5. Watch Dave Ramsey, especially the videos when he yells Stupid! to keep yourself on track

There's more but these are the basics. You'll sleep well at night.

Author — Robert Halili

Author

His hair received an economic stimulus...Trump is jealous.

Author — Wayne The Wolf

Author

You are a very impressive and knowledgeable young man. Your parents must be really proud of you.

Author — BCL

Author

Best thing you can do is be debt free first, and then worry about this stuff!

Author — Gerald Brown

Author

Lol listen, even if Quantitative Easing only gets 30 views, that’s still a classroom full of people! :)

Author — Arvabelle

Author

Quantitative easing video coming soon. Make sure that you are subscribed to the channel so that you don't miss any videos!

Author — Nate O'Brien

Author

The recession is also opportunity for some people. Not a total bad sign...

Author — JA family killed Children

Author

I dont have much, but I'm free in debt.

Author — Alfonso Laguna

Author

Youtube is preparing for it by:
Putting 2 ads on a video
Demonitizing everyone

Author — UrDailyJuice

Author

Recession is here already people don’t have 400 dollars to use if there’s is an emergency

Author — Joe Tran

Author

Some skills will be still demanded: automation and AI, bartenders, debt collectors, security guards etc...

Author — MrRobot

Author

Littlefinger said it best: "Chaos is a ladder." and he lost everything when he got greedy. Awesome vid young feller.

Author — Willow Water

Author

Lower interest rates won’t work this time. Everyone is maxed out with debt. People just can’t take loans out no matter what happens now

Author — mason guritz