LISTEN: What is a recession - and how do we survive it?

What is a recession - and how do we survive it?

Times are tough for everybody right now. We're feeling the pinch more than ever with rising food and fuel prices impacting us in a big way. We’ve all heard that a recession is upon us, but what exactly is a recession, and how do we survive it?

What is a Recession? We break it down

In our first episode of Season 4 of The Money Podcast, self-made entrepreneurs and wealth creators Justin Harrison and Dawie Bester break down a recession in layman's terms, and look at how it impacts the average South African consumer.

They explain why and how it impacts the average consumer, what we can learn from historical recessions and why recessions are a very important part of the economic cycle.

Related podcast: LISTEN: Should you side hustle?

This podcast episode on understanding recessions is extremely valuable for the average person as it will not only provide a good understanding of the economic cycles, but can help you plan ahead for the next cycle.

If you’ve been left feeling overwhelmed by the price of everything going up and you feel like there's no end in sight, then this episode of The Money Podcast will not only give you some peace of mind, but will enable you to have a better understanding of what lies ahead.

Click below to listen.
The Money Podcast Season 4

Still on surviving the recession, and here's Justin Harrison's TikTok video on how to work out your fuel consumption:

@moneytribe21 How to work out your fuel consumption #fyp #moneytribe21 #ticktocksouthafrica #petrol #fuel #petrolcost #fuelcost #fuelcalculator ♬ My Boo - The Sing-A-Long Kids

Meanwhile, insurance is a grudge purchase! We pay a small fortune for something we might never even use. While none of us like paying for insurance, not having it can result in immense stress and lead to financial disaster.

Related podcast: LISTEN | Your car is a money pit

In a previous episode of The Money Podcast, Justin and Dawie talked about the necessity of having insurance and gave a list of insurances that you absolutely cannot go without.

If you don’t have any insurance, you absolutely need to listen to this advice! Click below to listen.

Cryptocurrency generic

Justin Harrison and Dawie Bester have also shared their personal experience with Cryptocurrency as well as their lessons after reviewing more than 600 crypto projects. They also tell you what you need to know before you invest to avoid the mistakes so many people make.

[Click below to listen]

Dawie Bester and Justin Harrison

More about Justin and Dawie:

Justin Harrison and Dawie Bester are two self-made entrepreneurs on a mission to help South Africans become better at money. They're involved in multiple business ventures and share a common passion for financial education, self-improvement and simplicity, and these are the driving force behind all their ventures.

Justin Harrison is the author of eight personal finance books; he’s a serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought leaders in the financial technology space. He is a passionate South African, father of three and avid sportsman who believes deeply that South Africa is one of the best countries in the world.

Dawie Bester is also a personal finance author, personal finance coach, entrepreneur and investor, and has been on the forefront of the digital finance revolution for the last decade. He's a father of two, an avid sportsman, and believes that South Africans can prosper with the correct motivation and direction.

Catch them weekly in The Money Podcast with practical, down-to-earth advice which you can take and action immediately. New episodes are released every Wednesday. Subscribe via this page. If you would like to reach Justin and Dawie directly, please visit the links below:


Listen to past episodes in the full channel below.

The Money Podcast is available on all major podcast platforms.

Show's Stories