The Definition of a Recession and What a Recession Means for Your Wealth – Episode 10

What a recession means for your wealth

CERTIFIED FINANCIAL PLANNER™ Kellen Williams welcomes you to the tenth episode of the Plant. Harvest. Prosper. Podcast, where he looks at what a recession means for your wealth.

Want to hear Kellen discuss a topic of particular interest to you?

You are warmly invited to submit your top-of-mind question to
kellen@financialharvest.com

As with every episode, Kellen dives into this timely financial topic, providing listeners with applicable steps they can act on now. Along the way, he challenges and encourages his audience to pursue living a life of significance, based on whatever “significance” looks and feels like to them personally.

What does a Recession Mean for Your Wealth, Today and For Your Future?

An economic recession is typically defined by a duration of time. In other words, one day or one week of slow or negative growth in the Gross Domestic Product (GDP) does not qualify as a recession. In Episode 10, Kellen discusses what the parameters are for defining a recession. He also shares the typical duration of a recession (good news—they don’t last forever).

While the media is filled with speculations and claims that we may currently be in a recession, you may be surprised to learn that recessions are typically named retroactively by the N.B.E.R., which is the National Bureau of Economic Research. This data-backed fact is only one of many that Kellen shares with his podcast audience, helping them reframe their perspective and concerns regarding the current economy and come to terms with the prevailing question: “what a recession means for your wealth?”

Tune to Episode 10 of the Podcast and Learn:

  • What defines a recession
  • Are we in one?
  • If not, are we headed for one?
  • Is a recession abnormal?
  • What is the relationship between the markets and a recession?
  • And most importantly, what you can do personally to Plant. Harvest. Prosper, helping you remain intentional, grounded, and stewardship driven.

How You can Listen to/Watch Plant. Harvest. Prosper. Podcast on what a recession means for your wealth.

Listen on Anchor

You can watch each monthly episode of Financial Harvest’s video podcast here on the Financial Harvest website. Mouse over the “News” tab in the navigation bar and then click “Plant. Harvest. Prosper. Podcast.”

You can also listen anytime or any place with the audio-only version of the podcast that you’ll find on all the most popular podcast platforms, including iHeartRadioSpotifyApple PodcastsGoogle PodcastsStitcher, and more.

Financial Harvest Wealth Advisors creates a safe environment in our office for visiting clients by practicing social distancing, wearing masks, and we have installed UV lights in our A/C system. Or, we'll work with you via Zoom or telephone conference. Your health, well-being, and peace of mind is our primary concern. 
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