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b"https://www.youtube.com/watch?v=MTUetntAV2U\\n\\n\\n\\n\\n\\n\\n\\n\\nYou may think it's a bit early to be preparing for the next recession while we are currently in one. However, there are things you can be doing now to set yourself up so you never have to feel like this again when the next recession comes.\\n\\n\\n\\n1. Keep Your Expenses Low\\n\\n\\n\\n2. Start To Build Up a Buffer Fund\\n\\n\\n\\n3. Pay Off Your Bad Debt\\n\\n\\n\\n4. Look At Ways To Increase Your Income\\n\\n\\n\\n5. Create Multiple Streams of Income\\n\\n\\n\\n6. Invest In Income Producing Assets\\n\\n\\n\\n7. Start Educating Yourself and Expanding Your Skills\\n\\n\\n\\nRecession Videos 1 Year Ago\\n\\n\\n\\nHow I'm Preparing For The Next Recession\\n\\n\\n\\nHow To Invest In Property During a Recession\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nSimple Steps To Budget and Save Money IMMEDIATELY\\n\\n\\n\\nThe 2 Year Financial Freedom Strategy\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00you may think it's a little early to start talking about how to set yourself up for the next recession while we're in the recession that we're currently going through but there are things that you can be doing right now in the next few months in the next few years to set yourself up so you never have to feel like this again when the next recession comes when something happens in the future as it inevitably will that will affect the economy so in this episode i want to talk about some of the things that i'm personally doing to set myself up so that i'm in a great financial position when the next recession hits and rather than worrying about my finances during the recession i can be out there looking for opportunities and ways to grow my wealth because everyone knows that a recession can be actually be one of the best times to grow your wealth if you're in a position to do it so hey i'm ryan from onproperty helping you achieve financial freedom and while the trigger for this recession caught everyone by surprise and no one was expecting that we were predicting that a recession would come in the near future and i was creating videos about this over a year ago and i'll link up to some of them down below if you want to check out them about how i was preparing for the recession that was coming and so what can we do now while we're in a recession and as we move through and out of this recession to prepare ourselves so we never have to feel like this again in the next recession and i think it's really important to note that while looking at the economy and looking at cycles and how things go up and down is really interesting and really important to do when you're making investment decisions it's important not to get frozen by that and to do absolutely nothing because at the end of the day what you care about is you and your finances and how you're going because even when a recession hits a lot of people are still fine so what can we do so you're one of those people so the first thing that i'm doing and that you might want to do as well is to actually keep your expenses low even as we come out of this recession as your job looks steady and everything looks fine don't go out there and lavishly spend all your money on things that don't add value to your life and don't improve your wealth long term so keep those expenses low that could be rent or mortgage it could be cars it could be the things that you spend money on one thing that this situation has really helped a lot of us do is actually work out ways that we can be more frugal and save money in our lives so for me that's making a lot of coffee from home i still love coffee i still have it every single day but i'm making it from home and really enjoying that as well as making more dinners from home and learning about things that i can make and not a great cook they're also just looking at ways to save money in life with fashion to save money in life with just where i was lavishly spending money where i didn't even realize even just like eating out and now i don't want to eat out and saving so much money not eating out so learning ways to save expenses in your l..."