A bear market and recession do not have to destroy our finances and lifestyle. We can use this time to get ahead in our lives if we plan accordingly.

We must do four things to get us through the upcoming recession: reduce expenses, increase income, save for emergencies, and start a business.

It sounds like a lot, but we start small by reducing expenses. This can include canceling a streaming service or driving less.

From there, we can get an extra job or start investing for dividends. Along the way, we continue to grow our emergency fund.

Finally, we start a business or create content to build passive income streams. This is the time to become a renaissance person, not settle for scraps. Good Luck!