If an economic downturn strikes, here’s exactly what I would certainly do with my money:
1. Move every dollar out of large banks like Chase, Wells Fargo, or BofA and stash it in a money market or high-yield interest-bearing account. No reason to allow my cash money make next to nothing.
2. Remove the fluff– say goodbye to spending for 5 streaming solutions I do not use or ordering Uber Eats 3 times a week.
While everyone else is panicking, I would certainly be scooping up stocks at a discount rate. Recessions do not scare me– they’re a sale.
Be person, remain constant, and keep investing– due to the fact that millionaires are being made right now.
– Steve.
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