Remove 2020 Remove Credit Card Remove Finance Remove Salary
article thumbnail

Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

article thumbnail

16 Timeless Truths of Financial Freedom

Success

My new career was straight commission—zero salary. The “down” escalator is racking up debt on high-interest rate credit cards , going into debt to buy things you don’t need, taking out payday loans, and borrowing money to invest in things that can go down in value. That first year, I made $50,000. Don’t try to time the market.