With the current ongoing economic situation, it is quite evident that every individual will be worried about the potential recession. However, the best time is to start preparing for this now, so that people will be able to handle the situation well if a recession does hit.
A business Ph.D. and fintech entrepreneur who currently runs a multimillion-dollar company states that a recession can provide people with opportunities that in turn will help them get their finances in order.
Here are 18 recession money rules which will come in handy in order to prepare oneself for a recession:
expensive, to get authorized for loans; so come up with a strategy to raise your credit score
run
prices