Sep 30, 2018
Today we’re talking about the market crash of 2008 and what we can do to safeguard ourselves from something like this happening again in the future.
There are a lot of people, up until this day, that will still shudder when you mention 2008 because they had such a traumatic experience when the crash took place. Regulations had weakened significantly and homes were being sold to people that really couldn't afford them.
Those people were getting to the point where they could not pay back their debt to the banks, which created a domino effect that ultimately created the collapse. The market will always have its ups and downs, so it's important that we know what action steps we can take to avoid losing it all as so many people did just a decade ago.
Financial Consultant Extraordinaire, Cheri Blair, joins me today to talk about what we should have learned from the market crash of 2008 and how we can protect ourselves from something like this in the future. She has three action steps that we can start applying in our lives today to stay aware of what's going on in the economy and how it can affect us financially.
I'm also joined by Tonya Mantooth, CEO and Artistic Director of the San Diego International Film Festival. She shares how the film festival is bringing international cinema to San Diego, spotlighting filmmakers that are taking on important global topics, and connecting people through empathy and their commonalities rather than their differences.
We Discuss:
- Dealing with the disruption of both good and bad change in our lives
- The plethora of situations that can often erupt after we experience a traumatic event
- The Market Crash of 2008 - what happened and what exactly set it into motion
- How we can best protect ourselves and avoid a situation like this in the future
- Powerful action steps that can be used as a defensive strategy against substantial risk
- The importance of financial literacy and staying informed on what's going on in the economy
- The impact that the San Diego International Film Festival is creating surrounding community
For the full show notes visit: www.ChangeItUpRadio.com