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Being Prepared For Long-Term Economic Downturns
Manage episode 436429764 series 3561293
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Mike discusses the importance of preparing for a recession and offers advice on how to recession-proof your retirement. He emphasizes the need to minimize discretionary spending, raise your cash position, and de-risk your future portfolio.
Mike also highlights economic indicators to watch for, such as consumer credit card spending, layoffs, and changes in the housing market.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
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