485: How to Manage Your Money in a Recession

If you've ever dealt with financial challenges and the resulting feelings of fear, stress, and overwhelm, you're not alone. I've been in similar shoes.  During the 2008 “Great Recession” I went from making $60,000 a year to losing over half of my income, going deep into debt, ruining my credit, having my house foreclosed on, and ultimately feeling powerless and without hope.   Today, I'll share with you the money-management system that helped me to transform my financial situation and how I doubled my income at the height of that recession. I'll introduce you to a unique strategy that allows you to enjoy your money while it grows. By the end of the episode, I hope that you can put an end to a lot of the stress you experience when it comes to money.  We're talking about shifting your mindset from scarcity to abundance and taking meaningful actions, no matter how small. KEY TAKEAWAYS In order to make changes in your life, you have to raise your standards. Your income can only grow to the extent you do. The quality of your thoughts determines the quality of your outcomes.  Intentions are worthless if you don’t turn them into unwavering commitments.  Two actionable steps to get unstuck and gain clarity on your goals.  Tactics for becoming a good steward of your money, regardless of how much you make. Get The Full Show Notes To get full access to today's show notes, including audio, transcript, and links to all the resources mentioned, visit MiracleMorning.com/485 Subscribe, Rate & Review I would love if you could subscribe to the podcast and leave an honest rating & review. This will encourage other people to listen and allow us to grow as a community. The bigger we get as a community, the bigger the impact we can have on the world. To subscribe, rate, and review the podcast on iTunes, visit HalElrod.com/iTunes. Connect with Hal Elrod Facebook Twitter Instagram YouTube   Copyright © 2023 Miracle Morning, LP and International Literary Properties LLC