Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

vIn light of the situation right now, I believe I should watch a video on "How to survive the current recession." Actually, it's a complete failure. I was astounded by some people's ability to earn more than $k in a short amount of time. If that's still the case, do explain how.

I appreciate your teaching my friend my advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. I’ve only ever saved($510,000), never invested but want to start.

The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon

Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

Last year, Powell tanked markets while pledging to continue an aggressive fight against inflation. This year, investors hope a more gentle message will be delivered with inflation off the boil this summer. I’m thinking of investing $400k into my stock portfolio but unsure about the market.

There seems to be skepticism amongst investors regarding the Fed's plan to continue increasing interest rates until infloation is stabilized. As for me, I'm in a crossroad, uncertain whether to invest $150K into my stock portfoli. What is the best strategy to capitalize on this current market.

I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement.

With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.

so the goal is basically drain the middle class's bank account

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

They're gonna bleed us dry then act shocked when the recession still happens 😂

I'm not from the USA but man, prices are going crazy.

dont ever borrow money from your home equity! unless you have exhausted all other options

Youngsters starting in investing need to learn the ropes, know how much risk they can handle and spread their investments around. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your money.

It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

I have a corporate America job and my salary hasn’t kept up with inflation in the slightest. Each year it was getting tighter and tighter because my large super successful company only gives 1-1.5% annual raises and they did away with bonuses ( for ppl not in upper management, the ones already making 6 figures). If it wasn’t for Doordash, Instacart, GrubHub, Uber Eats and Amazon Flex I wouldn’t be able to make it. Someone told me if I went to college and worked hard I would be middle class, with the house and vacations that come along with it. All I got was a piece of paper, a crap ton of debts, the inability to save enough to buy a house, a corporate job that I work my tail off for and am rewarded with thank yous and stagnant wages, health insurance that when utilized only puts me further in debt and the list goes on. If I would have know this, I would have gotten a trade and a union job. HVAC or plumbing, yeah, I would be fine with those salaries. But, let’s get real this isn’t inflation, the is corporate greed at its finest, aka, price gouging and DC is a happy participant.

So to summarize, wages are stagnant, prices are higher, but the consumer is in a healthy spot to keep spending to prop up business. As long as consumers are willing to take from their savings, business will be fine. Great.

I remember the 2008 recession. My mom lost her job and we were homeless for a while. We went from motel to motel and had to live with family. I knew that a recession was coming in 2023 so I have been cutting back my spending. I also opened up a high yielding savings account and I been saving more money. I also plan to open a ROTH IRA account.

Prices are crazy. As are the profit levels of many companies.

Cost of living just continued to raised, Jobs are not increasing people wages and salaries to catch up.... What makes you think people got money to spend.

“I’m living at home” it’s a fun way to say I’m living with my parents. Glad she has that option.

I'm a consumer, and I'm spending more than ever. On rent and food XD

After the summer boom and student loans start that’s when the recession will start consumers are not going to spend as much anymore.

Interestingly we had a similar discussion today at work around the lunch table. We are all paid comfortably above average, approx twice the average UK annual salary. But we don't feel well off and we were saying how we feel for how tough it must be for many people. But then at the same time, once you take off my taxes, NI, and student loans, my take home pay is not significantly above that of an average person without a student loan. How can we generate more income during this period of quantitative tightening? I have $70,000 to grow

It surprises me why everybody gets really worked up about inflation and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

I wish we were as focused on everybody having access to food as we were on how much spending is in the economy. Our economic model ignores the needs of people.

They want to analyze everything *except* the fact wages have been stagnant for decades.

Society depending on people buying unnecessary things with money they don’t have

+32.8% home price increase in just 3 years, makes me sick to my stomach 😢

Just because inflation is coming down don't mean prices are coming down. It just means its likely prices are towards the end of going up. Throughout history, prices never came down. You know these money hungry companies not gonna give back their extra profits

Never under estimate the American consumer’s ability to spend way beyond their means with a credit card in hand.

I don't even remember when i went to a fancy restaurant or took a vacation. I used to do this so much pre-2021.

My pay increased by $300 and my rent increased by $3500. I work full time 80 hrs and make more than 2x federal min wage but now I might need a second part time job for rent. As it stands now all i do is work. Sleep and repeat. I can't stand living like this but without any family or a womb to start my own it's rough out here. I remember rent being $750 for a 2 br HOME now you can't get a 400ft studio for under $1100

How many times can the experts tell us "this time its different" be proven wrong, and we just forget and move on? Apparently many times.

Where I live, property taxes are killing me. Sure, my house is worth a lot more, but I can't fully tap into the equity I've built up until I sell it.

Weird that we've never seen an impending recession/bubble burst become worst due to trying to stall it, say.... 15 years ago.

For goodness sake, why don't they just let the inevitable kick in already! Bring on the recession or depression! Anything to get back to some state of normalcy!!! 😶

There is a solution to prevent recession, but it means radically changing the economy to move away from focusing on growth.

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

We're only delaying a recession right now. Necessities are price so high that the average consumer is putting them on their credit card to make ends meet. I'm wondering what will happen when the average American family defaults on their debt & cannot pay their bills? Sure the big businesses & banks will write off that debt, but the everyday family will be destroyed. I see in the next few years a massive depression. No joke.

It's bizzare to me that folks are complaining incessantly about food prices but don't have a problem forking out $200.00 for some ear buds at 20% intrest😂

5:05 So I do what exactly, stop eating? Stop paying rent? What choice do I have?

So many people have been forced to cut down their spending for so long that the fact that we can only afford to buy the necessities doesn't really change things that much for the average consumer, because that decrease in demand has already been present before because we can't afford to buy anything beyond the necessities. The worst things that companies could do is to try to "get ahead" of a recession by performing major cost cutting and layoffs, because that would then cause a lot of people to then be unable to afford even those necessities. Unfortunately that is exactly what most companies are doing, and will likely be the major leading cause if we have a recession.

9:37 'income inequality perhaps shrunk?' no it didn't The average recent college graduate in May 1981 earned $15,200 per year-which is just over $51,000 in 2023 dollars. If you graduate in 2023 and you're NOT making at least $51,000 immediately, you're poorer than your 1981 grad counter parts. Wages aren't keeping up with inflation and it's frustrating.

We're "stalling" a recession because we keep changing the definition.

I'm not spending less. I'm actually spending more. But I am only able to keep pace with inflation because I was able to make almost double my income. What I'm seeing is people are being more selective in the kinds of discretionary spending. Like I took a bucket list to Japan two months ago, but that was spurred on by the fact that the yen was at an all time low.

The american economy is all B.S. with what we spend on political ads & campaigns, drug ads & stockpiling weapons, we could fully fund health care for everyone & paid parental leave!

“You think I’m stalling? Stalling!”

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

Companies need to stop the price gouging.

Stalling ? We’ve been in a recession by definition since July of 2022 it’s really starting to show now.

It’s rough out there for many people….😢😢

I'm not going to take budget advice on a girl who couldn't afford to live in Arizona, so she moved to California with her parents. What bills do you have, child? Do tell! Lol. What a joke.

"I don't like to save money, I like to spend money"; also her: "Last year I was paying rent in Arizona, and I was frustrated because my income was disappearing..." Really?????? Really???????????????????

Gen Z is spending with abandon; still living with parents and not paying rent or energy bills. Both my kids are doing this. That generation is keeping the air in the bubble.

That is why I am holding on to a 14-year old Truck size SUV 🚙 because it still runs great which, there is no reason to trade it in for a newer model and my credit score is shot to hell.

I wish I had the opportunity to move into my parents house, but my family is too dysfunctional for that kind of luxury. If you can do this, take the money and run!

consumers are spending but with CC, we had the housing credit bubble, now we're in the credit card bubble

This soon-to-come recession isn’t due to inflation, or wage increases. Our current economic situation is due to price gouging and corporate greed. CEO’s, shareholders, and companies have reported insane increase in profits during this time.

_Great video! I've been trading and investing for about 2 years now. As you mentioned, it really is crucial to recalibrate the way we look at certain things in order to remain confident in our trades and investments. It was also pivotal for me when I really realized I was "crossing my wires" in that I was treating certain stocks that should be day trades like long-term investments, and flipping stocks that I should have been holding as long-term growth investments, lol. Personally, I enjoy both day trading and investing, so I had to learn to identify my specific goals first, then I had to learn to identify which stocks I should only day trade for the time being and which stocks I should hold and build positions with. Day trading is a lot of fun for me.... Especially with the help of Olivia Maria Lucas She has been instrumental in my trade success, And as you mentioned, investments are our friends!

Most Americans are living off their credit cards. Balances are higher than pre-pandemic balances. Most of the stimulus has been spent, but keep in mind student loans have been deferred for three years now which is an average of $400/month. I see a slowdown brewing when debtors have to start making those payments again which will take away spending from the services mentioned in this video. Also the interest rates jumping from 0 to 5.25 percent will have a lag effect on the economy.

The inflation problem is real estate hoarding and lording. That's why wages never rise faster than inflation no matter how much they go up. The cheaper it is to hoard and lord, the more inflation there is. That's how the 2017 tax cut on top of Bush's tax cuts hurt most of the economy except for investors.

Also big banks like Wells Fargo and credit card companies like American Express Have been rapidly shutting down call centers here in the US laying off American Workers and Moving to India or other countries where they can underpay people and risk all of their loyal US based customers banking and personal info at risk

I was looking at a lawn tractor, reading reviews. In Oct 2020, A guy wrote he spent $1799 of his hard earned money on it...blah blah. Now, in May 2023, SAME lawn tractor, 2399. 🤣🤣

Why do people act like a smaller tax return a bad thing? That's a free loan you give to the government. They make money off of your money while you get nothing extra for the privilege of them holding on to it for you for a year.

We have been in a recession sense the start of the year. Its getting worse. Im a freight driver I know exactly how many goods are made and consumed. Never ask an Economist how the economy is going. Ask a truck driver.

That old bumper sticker "Shop until you drop" will turn into "Work until you drop" Many won't be able to retire

The real truth is that consumer spending is based on a pile of debts on credit cards with high interest rates. That's a real recipe for a real disaster.

I lost my job recently, I got rid of my cable tv and internet $180 month. I also got rid of my. P.O. Box $249 a year. Its tough out their with high gas prices and food prices. Stay Strong every1 💪

Because I’m living at home I’m saving that way.?!?! Makes no sense everyone needs to live in a home.

I don't even spend frivolous or go on vacations like I used to...everything's so expensive, I brown bag my lunches and sold off my other car...so YOU tell me..

It is all about maintaining the delusion. We are the coyote running off the cliff while chasing the roadrunner. We are still running, but there is no land beneath us. As soon as we look down... look out below

I love how CNBC is salivating over the prospect of having a recession.

Really crazy how companies are seeing record profits despite all this inflation, wonder if all these price hikes are only accounting for inflation, or also accounting for there massive increases in profit 🤔

Consumers keep spending more on necessities due to out-of-control inflation, using money they don't have as in credit cards. Soon we will not be talking about a recession but about depression.

One of the most concerning credit card traps is online shopping. Many brick and mortar stores no longer carry those low profit items they did in the past. This forces consumers to use their credit card to buy those items online. Bit by bit credit card debt grows. One way to stop online purchases from building credit card debt is to purchase gift cards to use online.

The problem I see is people keep paying the price. Everything is by supply and demand. People keep spending than they will keep selling the same way. Houses with this high interest rates people buy make 0 sense. Honestly its a ticking bomb the feds need to keep interest up. I can assure people are in insane debt overall.

Lol at finding apparently the only young person in America who couldn't already tell you everyone's poor years ago.

I sure hope she knows how blessed she is to not even have to look at the price of food before buying it!!

I think as Millennials are approaching in their 30s, they have no choice but to spend more. There are 80 million of them. If they don't start families now, they will never be able to start later. So, most of them are choosing to start families now given the high cost. So the demand will stay high.

Its weird how americans talk like they will live for ever. Always planing for the future.

Nope. Recession just getting postponed artificially. Its gonna happen, but in a different fashion.

I admit, I am a bit out of touch re: keeping a cc balance, but do normal people really keep like 10k in CC debt around? How certain are we that these numbers don't just reflect the amount that hasn't been paid yet on the CCs? Like when the utilization gets reported mid billing cycle?

I'd love to know how many people are working 2 or 3 jobs now. With so many businesses looking for people and many of those jobs paying more than they used to, I would posit that many are working more to cover costs, pay down debt, and put money away in savings or 401k, etc. I have yet to hear anyone talk about this.

"Keep spending" *me making the most money I have made in my life and still struggling to progress in life*

There's a lot rich people in the US that will keep the economy afloat with their spending as long as the stock market doesn't crash. If the stock market crashed, all hell would break loose. Depression, de-dollarization, national debt default, all the worst nightmares might come at the same time.

Eating just one meal a day (OMAD) has significantly improved our health. However, please note this type of meal plan might not be suitable for children and teenagers who are still growing. Thanks to this meal plan, I've successfully reduced my weight from 310 to 290 lbs and managed to bring down my blood sugar levels from over 250 to 108. Also reduced spending and able to save more.

I started changing things up and cutting out all the extras as soon as inflation starting hitting last year. it's help me maintain and increase my savings and investments over the past year. I'm still making changes continuously in case things get worse.

We've been in a recession for almost a year. The job opening numbers are cooked with fake job listings, companies guided earnings down for several quarters and the S&P 500 crashed 27% in 2022. Housing just needs to crash to wrap up this cycle.