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Networth and Chill with Your Rich BFF

Are We ACTUALLY In a Recession? Navigating Periods of Economic Downturn

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 2 April 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

Another solo Vivian yap session! On this episode of Networth and Chill, Viivan dives into how to actually build wealth, no matter how bleak the economic landscape looks. The US is in some murky financial waters, not quite recession land, but people are definitely prepping for the worst. With the economy up in the air, now is the most important time to get financially literate. From upping your savings to answering some of your burning questions, Welcome to Recession 101, class is in session!  Follow the podcast on Instagram and TikTok! Check out Dolly at askdolly.com and sign up to be a beta tester! Got a financial question you want answered in a future episode? Email us at [email protected] Thank you to our sponsors: Brooklinen Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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