Finance Friday: Five to Thrive In a Recession

Finance Friday!! On today's episode we'll chat through The 5 Steps to THRIVE heading into a Recession.

5 to Thrive in a Recession - How to thrive in a recession and beyond:
1) Mindset/financial literacy - invest in YOU and work on your financial mindset, literacy and education. Book recs: rich dad poor dad, secrets of a millionaire mind, the richest man in Babylon, think and grow rich
2) Pay yourself first - 10% minimum, 30% is great, 40% and you’re on your way to being rich
3) Spend less than you make, mind your money - 90 days print out statements, go through it, what you track grows
4) Make your money work for you - invest - stock market, RE, crypto, infinite banking
5) Understand taxes - start a side hustle, invest in RE

If you found this helpful would you do us a favor and share it on social media and tag the link to the episode?! Thanks friend!

Timestamps:

• [2:24] Wade's financial background.
• [9:52] The state of the economy today.
• [14:16] #1. Mindset and financial literacy.
• [20:32] #2. Pay yourself first. 
• [24:06] #3. Spend less than you make. 
• [26:37] #4. Make your money work for you.
• [37:34] #5. Understand taxes.

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