Dave Ramsey reveals how to recession-proof your finances

Here are three critical money moves that can help Americans prepare for tough economic times.

Transcript

00:00As recession fears grow, what three financial moves should every American be making right

00:04now?

00:05Well, your most powerful wealth building tool is your income, if you're a typical American.

00:11Most people, that makes them more money.

00:14That gives them the money to put in their 401k and their Roth and to let it grow in some

00:18good growth stock mutual funds.

00:20So getting out of debt so that you free up your income is a powerful move.

00:25And no one wins on accident, and so winning is an intentional act, whether it's in your

00:30marriage, raising kids, in your success, or in your money.

00:34And it's an intentional act in your money, it's called a budget.

00:37So tell your money what to do instead of wondering where it went before the month begins.

00:41And those sound like old-fashioned and grandma things, but if you learn to live on less than

00:45you make and you learn to invest and you stay out of debt and you do it with a plan, those

00:49are the keys of people that actually become wealthy.

00:55Well, as you may be are seeing a lot more and so on, because what you're saying is, it's

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01:03a wrench hundred and 104 words.

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