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 rich3) Spend less than you make, mind your money - 90 days print out statements, go through it, what you track grows4) Make your money work for you - invest - stock market, RE, crypto, infinite banking5) Understand taxes - start a side hustle, invest in REIf 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.--Let's Connect!To get more info and updates on the podcast@gettingmagneticFollow our personal Instagram accounts@sandyclaus7@wellnesswithwadeCheck out our website for all things Getting Magnetichttps://www.sandyandwade.com/