Word on the street is we’re heading for a recession. As someone who made and lost over a million dollars during the market crash of 2007-2008, I think it’s wise for us to pay attention and heed the warnings, whether they actualize or not. Part of making good, calculated risks is preparing for the downside of those risks.
What can we do now to insulate ourselves from a recession and prepare for building, should we need to? Based on my experience pulling myself back up brick by brick, here are three tips for protecting and preparing for potential downsides.