Shielding Your Finances: 8 Proactive Steps to Prepare for a Recession

Are we back into a bull market or do we have a recession looming around the corner? There are many experts on each side of the coin. If we do face a recession in the coming years, how do we best prepare for it? Here are 8 steps to take:

1. diversifying (not just within an asset class, but among asset classes)
2. maintaining an emergency fund
3. focusing on investing for income
4. staying flexible and adaptable
5. continually monitoring and adjusting your retirement plans
6. sticking to your long-term strategy
7. taking care of yourself physically and mentally
8. spending time in prayer and meditation

Listen in.