Don’t Crash With The Market

Are You Recession Ready?

🖥️ Reading time: 3 minutes

The recession doesn’t make you broke. Your reaction to it does.

If a recession hit tomorrow, 99% of people would panic. But if you’ve been through money struggles, like I have, you know that chaos creates opportunity. That’s why I don’t wait. Here are the three moves I’d make immediately with my money if a recession hit—moves that have helped me stay calm, protect my cash, and build wealth when others are losing it.

🏦 Step 1: Move Your Savings Out of Big Banks (Here’s Why)

The first thing I’d do is pull most of my savings out of traditional banks like Chase, Wells Fargo, or Bank of America. Not because they’re unsafe—but because they’re lazy with your money.

Most of these big banks offer less than 0.5% interest on your savings. That’s basically letting your cash rot.

Instead, I’d park my emergency fund in a high-yield savings account, money market account, or CD—anywhere giving me 4% or more. That way, my emergency fund still earns money while it sits. In times of uncertainty, every extra dollar counts.

✂️ Step 2: Cut Expenses Fast—Then Reinvest the Difference

The second move? I’d get ruthless with my spending.

That means shopping at places like Costco, Walmart, or Aldi. No more bougie grocery stores. No more $7 lattes. And definitely, no more streaming services I never use. (Sorry Peacock—you’re first to go.)

Here’s why this matters: In a recession, cash flow is king. Every dollar you cut from fluff is a dollar you can redirect to savings, debt payoff, or smart investing.

Pro Tip: Download my money cheat sheet to help you master your expenses.

📈 Step 3: Buy While Everyone Else Is Scared

This is where most people miss out.

When fear hits the market, people panic-sell. They pull money out of stocks, real estate, HYSAs… at the exact worst time. But I see those dips as my buying window.

Every time the market crashes, it eventually rebounds. That’s not my theory—that’s history. If you're patient, consistent, and prepared, this is when you build real wealth.

So, instead of scrolling the news, selling stocks, and screaming at the TV. I’d do this:

• Continue my contributions—Max my 401(k) and Roth IRA.
• Capitalize on the markets—buy now while prices are low.
• Stick to my plan, even when it’s uncomfortable.

📈 Need A Place To Start?

I’ve linked three videos below:

1. How Stock Market Drops Make You Rich
2. 3 ETFs I Would ONLY Invest In As A Beginner
3. What To Do When Stocks Drop?

💡 Final Thoughts: Recessions Make Millionaires—If You’re Ready

Here’s the truth: recessions don’t just test your finances—they expose your habits. And the people who stay calm, cut waste, and invest strategically? They come out the other side wealthier than ever.

So don’t wait for the news to tell you what’s happening. Take action now.

✅ Check out my recommended high-yield savings accounts 

✅ Take advantage of my FREE Financial Freedom Faster eBook

✅ Get in touch

Be patient. Keep investing. Because millionaires are being made right now.

- Steve

Disclaimer:

The following article is strictly the opinion of the author and is not to be considered financial/investment advice. CTL Community LLC and the author of this article do not claim to be a registered financial advisor (RIA) or financial advisor. Please visit our terms of service and privacy policy before reading this article.  "Call to Leap may earn affiliate commissions from the links mentioned. Call to Leap is part of an affiliate network and receives compensation for sending traffic to partner sites such as ImpactRadius, CardRatings, MyBankTracker, and more."