Seems like every day in the news we're hearing about the Fed cutting rates and how we are heading into a RECESSION in 2020.
In a survey released earlier this year by the National Association of Business Economics, 38 percent of economists predicted that the US will slip into an ECONOMIC DOWNTURN next year.
Truth be told no one knows and even expert economists have proven to be wrong over time.
A 2018 study conducted by Loungani and others looked at 153 recessions in 63 countries between 1992 and 2014 and found that the vast MAJORITY WERE MISSED BY ECONOMISTS in both the public and private sector The facts are that we currently in the LONGEST economic expansion in history:
Bottom line is the Fed, Banks, Government and the media have missed every economic recession including the recession of 2008 proving that you are better off playing the lottery than trying to guess when the next recession is coming.
BUT there are some realities you must consider and face because the one constant is GOOD TIMES DO NOT LAST FOREVER:
Three Ways to Prepare For A Recession:
1. Get a side hustle
2. Pay down your debts
3. Invest in yourself & make yourself indispensable at your job