Surviving the recession in South Africa – MORE practical tips!
Recessions are brutal for the average consumer. If you've been left feeling stressed out by the
recession talk and the cost of everything going up, then you need to read this article.
Recessions are brutal for the average consumer. As the cost-of-living
skyrockets, most people are forced to make do with less, with many
struggling to make it through each month.
During a recession, the price of everything goes up, while
the rate of earning often stays the same, which means that the average person frequently has
less money at the end of each month.
LISTEN: Budget as a team - save your relationship!
In this episode of The Money Podcast, self-made
entrepreneurs and wealth creators Justin Harrison and Dawie Bester provide some practical tips on
how to survive a recession, and even offer an alternative view on why a
recession presents some unique opportunities for creating wealth and
potentially advancing your career or business.
If you have been left feeling stressed out by the
recession talk and the cost of everything going up, then this episode of The Money Podcast is sure
to bring some relief. (Click at the top or below to listen)
The first thing to understand about a recession is that first of all the price of everything is going to go up.
In our first episode of Season 4 of The Money Podcast, Justin Harrison and Dawie Bester broke down a recession in layman's terms.
They explained why and how it impacts the average consumer,
what we can learn from historical recessions and why recessions are a very
important part of the economic cycle.
Related podcast: LISTEN: Should you side hustle?
This podcast episode on understanding recessions is extremely
valuable for the average person as it will not only provide a good understanding of the economic
cycles, but can help you plan ahead for the next cycle.
Click below to listen.
Meanwhile, insurance is a grudge purchase! We pay a small fortune for something we might never even use. While none of us like paying for insurance, not having it can result in immense stress and lead to financial disaster.
Related podcast: LISTEN: Budget as a team - save your relationship!
In an earlier episode of The Money Podcast, Justin and Dawie talked about the
necessity of having insurance and gave a list of insurances
that you absolutely cannot go without.
If you don’t have any insurance, you absolutely need to listen to this advice! Click below to listen.
More about Justin and Dawie:
Justin Harrison and Dawie Bester are two self-made entrepreneurs on a
mission to help South Africans become better at money. They're involved in multiple business
ventures and share a common passion for financial education, self-improvement
and simplicity, and these are the driving force behind all their ventures.
Justin Harrison is the author of eight personal finance books; he’s a
serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought
leaders in the financial technology space. He is a passionate South African,
father of three and avid sportsman who believes deeply that South Africa is one
of the best countries in the world.
Dawie Bester is also a personal finance author, personal finance coach, entrepreneur
and investor, and has been on the forefront of the digital finance revolution
for the last decade. He's a father of two, an avid sportsman, and believes
that South Africans can prosper with the correct motivation and
direction.
Catch them weekly in The Money Podcast with practical, down-to-earth
advice which you can take and action immediately. New episodes are released every Wednesday. Subscribe via this page. If you would like to reach Justin and Dawie directly, please visit the links below:
YouTube
Website
Listen to past episodes in the full channel below.