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"Recession-proof your money: How to protect your savings, investments, mortgage, and more"
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"The US economy has contracted for the first time in three years, with a surge in imports and price increases contributing to the decline. While the country is not yet in a recession, experts warn that it could happen in the next few months. To prepare, individuals should focus on building an emergency fund, reducing debt, and diversifying income streams. This includes automating savings, reviewing spending habits, and considering side hustles or new skills to increase earning potential."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r\nRECESSION-PROOF YOUR MONEY: HOW TO PROTECT YOUR SAVINGS, INVESTMENTS, MORTGAGE, AND MORE\n\nhttps://s.yimg.com/ny/api/res/1.2/QFUB0JXN0QCXgZtxiJbrsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2022-12/7af71de0-8c6e-11ed-bbb7-471fd482ac08\n--\n✍️ The US economy has contracted for the first time in three years, sparking concerns of a recession. Experts advise taking steps to recession-proof finances, including building an emergency fund, reducing debt, and diversifying income streams.\n--\n👉 Build an emergency fund to cover 6-12 months of essential expenses\n👉 Reduce debt by avoiding long-term investments and prioritizing high-yield savings accounts\n👉 Diversify income streams through side hustles or new skills\n👉 Review spending habits and reallocate unnecessary expenses towards savings\n👉 Consider relocating to an area with a lower cost of living or giving up a car in favor of public transportation\n\n--\n#business\n--\nnostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqtvn8qupa8yj5vucsgyfc839pndsn5nezvttp8y2ggx8y69gl9xcqfex0d9 \n ",
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