This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Never fear economic downturns again
The ability to be financially unphased by economic fluctuations (specifically downturns).
How The Economy Affects Most People
In the article, “10 Ways To Create Economic Immunity For Yourself,” I discuss ten ways you can create economic immunity for your finances.
Most people believe the economy determines their income, which sets them up to allow the economy to determine how their finances are doing; this is problematic, though.
Why would you leave your finances up to a constantly fluctuating economy? You will never have control over your finances if you live like this.
Most people think if the economy is doing good, their finances will do better. Furthermore, they believe their finances will do poorly if the economy is doing poorly. Don’t fall for this level of thinking; it’s a trap.
Two Types Of Economic Immunity
There is a small sector of people who know how to profit off of adverse economic fluctuations. We saw this happen with Covid-19. Some people’s finances suffered massively, while others’ finances boomed. Some people know how to utilize damaging economies to their advantage. In every disadvantageous situation, there is an advantage. Find the advantage of the new opportunity.
The second sector of people is unaware of unfavorable economic fluctuations because they have amassed so much wealth. They might lose a percentage of their portfolio, but many will still not care because their portfolios are so massive.
The less you pay attention to them and focus on improving your financial situation, the better you will be.
I rarely listen to or read the news; I often get it secondhand from friends, family, and acquaintances. Not only does it keep my mindset in a more positive mental state, but it helps me continually attract healthier financial circumstances.
Maybe you’re not as wealthy as you’d like to be right now. A way to turn this situation around is by focusing more energy on educating yourself financially, ignoring negative economic propaganda, and implementing prudent strategies to make your finances immune to economic fluctuations.
10 Ways To Create Economic Immunity
Quit buying sh*t you don’t need, don’t want, never think about, and won’t use in the long-term.
Don’t live in homes you can’t afford without more than one primary source of income.
If you barely drive, rethink your car purchase.
Develop and maintain your rainy day fund.
No need to impress people.
Live with roommates, family, a partner, or friends.
Consistently invest.
Cut down time watching tv and invest more time into creating passive income streams.
Live somewhere cheap.
Educate yourself.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.