4.4 • 1.6K Ratings
🗓️ 2 April 2025
⏱️ 31 minutes
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0:00.0 | In your adult lifetime, you're likely only going to see five to seven major economic downturns, |
0:06.4 | and they are going to be your biggest opportunities to build wealth. |
0:10.2 | Let's be very clear. |
0:11.4 | Rich people actually love these moments because they're going to rapid fire deploy their |
0:16.0 | money into investments when everybody else is freaking out. |
0:20.5 | Let's talk a little bit about how you can |
0:21.9 | recession proof your finances. These are a couple strategies you can use to set yourself up |
0:26.5 | for financial success no matter what the economy throws at us. |
0:39.5 | What's up, rich friends? |
0:42.4 | Welcome to another episode of Net Worth and Chill. |
0:47.4 | I'm your host, Vivian 2, aka Your Rich BFF, and your favorite Wall Street, Gurley. |
0:51.8 | With the implementation of Trump's tariffs and downward market movement, people are more stressed than ever about a potential recession. |
0:56.5 | Yes, it's scary and it shows. |
0:58.6 | The S&P 500 index, which is essentially the benchmark for the American stock market, has |
1:03.3 | been pretty volatile lately. |
1:04.5 | And the S&P 500 measures the performance of the 500 largest publicly traded companies |
1:10.1 | in the United States. So it's pretty indicative of the overall health of the 500 largest publicly traded companies in the United States. |
1:11.3 | So it's pretty indicative of the overall health of the economy. |
1:15.1 | The S&P 500 is widely considered one of the best gauges of the U.S. equities market. |
1:20.3 | And like I mentioned, it is a benchmark. |
1:23.3 | So when we're looking at it and we're seeing it go down, that can be kind of scary. |
1:26.5 | If the S&P is going down down, typically it's an indicator that the U.S. economy is feeling pretty down too. |
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