How To Save Money During A Recession

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . ✅See how much you can earn with CIT Bank*: https://bit.ly/SaveCITBank *Minority Mindset is a paid partner with CIT Bank. If you use them, we will get compensated but there's no additional cost to you! With the United States on the verge of a recession and the Federal Reserve Bank cutting interest rates to 0% - saving your money the right way becomes much more important. In this video, we talk about how to do that. Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook Recommended: Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK Real Estate Investing: https://www.youtube.com/watch?v=4-hnVtPCLms&list=PLKsS_EjCEmdqIuFuM-4soEpS0ybzBTnoh Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef How To Save Money During A Recession 0:30 - Nobody likes saving money because it’s like putting your dollars to sleep, but saving money the right way is crucial 1:39 - The magic $1,000 savings rule 3:00 - What is your emergency savings money and what it can be used for 3:50 - The expenses you need to cut if you don’t have $2,000 in savings 5:00 - The Federal Reserve Bank cut interest rates to zero which means savings accounts are being destroyed 6:10 - What happens when you save your money 7:10 - Why you should move some of your money to an online bank like our sponsor CIT Bank 8:27 - Three ways you can save more money during a recession 9:42 - The quickest way to save money 10:45 - What to do when you get extra cash & what the majority of people do wrong when they get paid 11:30 - Why you need to cut your expenses and raise your income if you want to build wealth 12:57 - Why you don’t want to save all your money What Is The Minority Mindset? We are a financial news & education company. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It's the mindset of thinking differently than the majority of people when it comes to your money. #MIH #GetMoneySmart Check out some of our recommended products! Please note: some of the links are from our sponsors, so if you use them, we will get compensated. There's no additional cost to you. ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible - Refinance your student loans with the lowest interest rates possible - see how much you can saving: https://bit.ly/m2RefinanceLoan ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal at no additional cost: http://bit.ly/PolicygeniusLifeYT ---------- ➤ Airbnb 7) 🏘 Airbnb - earn extra income by listing your home: http://bit.ly/M2Airbnb ---------- Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/2RKWDoyItJo Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.