Do you remember 1999? I hope so. It wasn't that long ago. Did you buy a bunch of supplies? Water, canned goods, flashlights, short wave radio? I didn't, but still felt prepared for whatever the year 2000 had to offer. People were frightened by the Y2K bug. It is slightly laughable now, but it was scary then. Many people overreacted, and many people under-reacted. But all parties were fine.
I bring this up because you are going to hear, read, and see a tremendous amount about our economy in the next couple of months. The NY Times this weekend all but put us smack dab in the middle of a recession. It is scary. I felt uneasy after having read the article. Your first reaction is one of evaluation. Should you do anything different? Should you move your investments? I know I talked about recession last week, but believe me. This is just the tip of the iceberg.
Here is my super simple recession survival guide.
This post isn't meant to scare you. It is simply meant to relax you. Don't do anything drastic, and seek professional advice if you are unsure what to do. Remember there is no reason for 95% of you to freak out. The other 5% should have freaked out a long time ago because they were doing the wrong things anyway.
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