How to SURVIVE and GET RICH During a RECESSION! | Networth & Chill

In this episode of Net Worth and Chill, Vivian Tu, a.k.a. Your Rich BFF, discusses strategies for recession-proofing finances, emphasizing the importance of not pulling investments during market downturns and viewing downturns as opportunities to buy assets at lower prices. She advises increasing savings to six to nine months' worth of living expenses in a high-yield savings account, paying down high-interest debt, and considering investments in index funds or target date retirement funds. The episode also explores which job sectors tend to thrive or struggle during economic downturns, highlighting the stability of consumer staples versus discretionary industries. Vivian answers listener questions about investment approaches at different life stages, the goals and impacts of Trump's tariffs, the safety of money in banks, and whether it's a good time to start investing, while also introducing AskDolly.com, a platform for accessible financial advice.