Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.
http://radicalpersonalfinance.com
136-Get Ready for Global Recession and $20/Gallon Gas in 2015!
We need to get into some economics today and I'm going to do some prognosticating. This is a very rare event on the show, so here goes!
Prediction: there will be a global recession in the future. And gas will go up to $20/gallon.
Now that we have that out of the way, let's talk about what we can do to get ready for it! After all, that's the only thing that likely matters to you or me.
One of the keys to being financially successfully over the long term is to avoid the big mistakes. One big mistake (of many) might be getting laid flat by the coming recession and increase in gas prices.
Today I share with you some thoughts on some of the things you can do today to prepare for this eventuality.
I hope these ideas are useful to you!
Joshua
Links:
- "Consumer Prices in U.S. Drop Most in Six Years as Fuel Falls"
- "If the Price of Gas Matters to Your Family Budget, You Are Doing it Wrong"