 Hey, what's up you two? I'm Zeke and welcome to the dream green show. In this episode, I'm going to show you guys how you can live well off inside of recession, three different strategies that you could use today. Now, before we dive into this video, this video is brought to you by Weeble. Sign up now, click the link down in the description to deposit any amount of money and you can receive up to five free stocks valued up to $9,000. With those free stocks, you can keep them inside the platform and decide to use it. Or you can sell those five free stocks and withdraw all of your money, guys. It's literally free money. And the last thing in the description is to Moomoo. Right now, you can receive six free stocks. You signed up with Moomoo and deposit $100. You can receive a free share of lucid. I think lucid is around over $10 for sure right now. But once again, you can use that, get your free shares by depositing $100. It's literally free money, guys. Did I miss out on that opportunity? Now, I'm back to the video, guys. I have lost over half of my income per month over the last couple of months or so. Now, YouTube is paying the YouTube advertisers are now paying out a lot less because advertisers are not willing to invest that much into advertising on YouTube or other social media platforms or even commercials or TV shows. That is, of course, because we have been seeing the United States economy and the downfall in these big large companies do not have the same budgets they had last year in 2021 that they have this year in 2022 to even invest inside the stock market. So yes, I did lose over half of my income from YouTube and from other sponsorship ads because they're not able to pay that much. And a lot of you guys are wondering how am I able to survive? Well, in this video, I'm going to give you three tips on how I lost half of my income and I'm still able to live well off inside of every session. So tip number one is don't be house poor. Now, house poor pretty much means that you're paying way too much for your house than you can afford on your average monthly income. So here's the rule of thumb, the 28% rule of thumb. 28% is a rule generally guideline that says that you should try to spend no more than 28% of your monthly gross income on houses expenses to determine what your monthly home ownership budget should be under this rule. Simply multiply your monthly income by 28%. So for example, if you brought in $50,000 every single year, you divide that by 12. That means you're bringing in before taxes $4,166 every single month. And if you multiply that by 28%, that means you should not be spending more than $1,166 on your monthly houses expenses, guys. So let's say you live in a household where you have two sources of income, your husband or your wife, multiply that by two. Now you can spend up to $2,333 on your home expenses before it reaches over the 28% rule of thumb. Now the reason that you don't want to be house poor, let's say you're only making $50,000 a year and you're paying $1,700, $1,800 a month on your living expenses, that means you are a house poor. Majority of your money is going to your house and you're not able to spend it on anything else. You can't go shopping, you can't go eat good food and you don't have any money to save in or invest. That is the big thing, guys. Do not be house poor at any time. Yes, there have been months where I made more money than I expected. There's been months where I made so much money to where it was like, hey, I could upgrade my house. Hey, I could upgrade my car, but no, I stay on my same living expenses that I've been on for the last couple of years, guys. So when I did have that extra income, I could put that aside, I could invest it and all of my money was not going to a new house that I bought or a new car or a new car I was going to have to pay my lease on. No, I stay at the same living expenses no matter what my income was just so that I don't become house poor in the future, guys. So the way that the market is, there's no telling what's going to happen. So even though I lost half of my income from YouTube, I'm still not house poor because I did not upgrade my living lifestyle just because I had one good year of success on YouTube. I want to have at least 3, 4, 5, maybe 6 years of success on YouTube of consistent growth before I even think about upgrading my house income just so that I don't be house poor. So that's tip number one, guys. Don't be house poor. Don't be spending way too much money on your house that you don't have any other money to even have fun or invest into yourself or invest into your financial freedom or invest into the stock market or even invest into your own business. I don't know why I keep forgetting that one, but yeah, guys. Don't be house poor. That's tip number one. All right. So that's going to lead us to tip number two. If you're not house poor, that means you have a little extra money on the side. Tip number two in order to feel safe and comfortable inside of a recession is to have a good amount of money put away in your savings. Now, I'm not saying that you should save every single dollar that you own. Don't invest any of it or I'm not saying, hey, all your money should be investments and none in savings. You should always have some money in your savings and rule of thumb for your savings is to have at least three to six months where if you was to not make another dime at all for the next three months that you have another money put away in your savings that will cover your living expenses for that month. So the rule of thumb is three to six months. I have another money in my savings to where if I can make another dime for the next 12 months, I would be fine. So let's say every single month, your complete living expenses at the pay your car note, your house note, and your food and groceries, you end up paying around $2,500 a month. Now, I know that sounds crazy, but I live in Texas to people outside of Texas. I'm pretty sure that number is much higher. But for me, let's just say it's $2,500 a month. So if I if something was to happen and I needed a savings account for three months, I need to put around away around $7,500 and for the next six months around $15,000 inside of my savings account. And that could take me anywhere from a year or two years to get $7,000 to $15,000 inside of my savings account. But once you have enough money saved up in your savings account to where you don't have to worry about anything for the next three to six months, just in case anything happened in a recession. So let's say if jobs have a cutback, if jobs don't pay out their bonuses like they used to pay out their bonuses or just anything happened during the recession that you will be comfortable for the next three to six months in order to not make a dime and still be comfortable. And once you have your savings account filled up, then you can start invest inside the stock market, your business or yourself or your financial freedom guys. So that's another way to feel real off inside of a recession by having money stashed away inside of your savings account. I got the third way is how I started this channel and that's from dividend investing. Now dividend investing is investing into different companies inside the stock market that pays out dividends. Dividends is by far the easiest way to earn passive income. I mean you literally do nothing at all in this company seeing your check every single month or every single quarter. Now dividend companies that I love investing into during the recession are dividend kings. That means they are companies like Coca-Cola, Johnson and Johnson, Procter and Gamble, PepsiCo. These companies right here has been increasing their dividend payments for the last 50 years is in the end is inside of the S&P 500. That means no matter how many recessions they've been through, no matter how many pandemics they've been through, they was able to increase their dividend payments for the last 50 years. That means these are some recession proof stocks to where if you invest inside these companies for every share that you own, they're going to mail you out a check or they're going to directly deposit into your brokerage account every single quarter or every single month no matter what happens. So this is a good way of passive income and I built me up a pretty decent sized dividend portfolio that is able to pay my bills to my house without me having to lift my finger at all. So good solid companies like Coca-Cola, Pepsi, Johnson and Johnson, Procter and Gamble, they are able to pay my bills by me doing absolutely nothing at all just from investing to dividends and I know that I'm going to have consistent income from these dividend-paying companies because they have not cut their dividends for the last 50 years guys that's longer than I've even been alive. So if you guys want to know what dividend companies I'm investing into, I'm going to leave a link down in the comment section that's to my Patreon. The Patreon to take it to my Discord. Inside the Discord I post every single time I buy and sell a stock. Plus my swing trades, option trades and we have pro-day traders in there that are also going to start doing chart lessons inside there. So if you guys want to be a part of a great community of traders, great community of investors and like-minded people just like you that are investing inside that financial freedom and you want to be a part of that community all in one place, go ahead and click the link down in the comment section and that'll take you to my Discord. All right, so now that's going to take us to way number four and it kind of bounces off of way number one, don't be house poor, but option number four is don't be state poor. So if you can't afford to live inside of your state, sorry to say it might be a tough move but you might have to get up and move out. So let's just say for example that you're living in a $600,000, $700,000 house in LA, $700,000 house in Seattle, $700,000 out in LA would get you maybe the smallest little square house that you've ever seen might have a front yard, might not have a backyard, might be sharing that do place with somebody else, but $700,000 would get you next to nothing inside of LA and even with the prices going up in the state of Texas on housing, you could literally share your house in LA, Seattle, Washington, you could sell them in these expensive states, sell your $700,000 house, move out to Texas and buy 300 or $400,000 house and that house will be the size of this whole block. You will buy the whole block for $400,000 in Texas. I mean you would have to pay someone to cut your lawn. That's how big your yard is going to be. You're going to have upstairs, downstairs, pooling your backyard, all for $400,000. So yeah, with $400,000 it could get you a lot of snow. Now you're selling your $700,000 house, you buy a house in Texas for $350,000. Now you got extra $350,000 in straight cash that you can use to jumpstart your life that you could either invest by another rental property, by a couple Airbnb's out in Texas. So if you did make that move, you could buy a bigger house in a different state, start your new life, have hundreds of thousands of dollars on the side to start any other kind of business company, investments that you want to do on your own that you could get started in the next couple of months, guys. So if you are living in Texas and it's still very expensive for you, then you guys already know my next answer. Move to Cabo, Mexico, living out there. I mean you go out there with $100, you could live like a king there. I love going to Mexico. Every time I get the opportunity though, I could go out there and buy Corona for 65 cents compared to $2.99 cents at the gas station out here in Texas. So yes, if you are state poor in Texas, then consider moving to another country where you would have beautiful sights, beautiful oceans, and a beautiful breeze. So these are the top four things that I do in order to live successful inside a recession, even though I lost half of my income. I'm not house poor. I have my savings already set away just in case anything ever happens. I invest inside dividend-paying companies and I live in a pretty cheap state to where I could have a pretty big house for next to nothing. So if you guys are already doing some of these things, let me know which strategy are you using down in the comment section. I can't wait to read what you guys are writing down in the comment section. If you guys are using any of these strategies at all, I can't wait to see what you wrote. But yeah, guys, that's the end of my video. Don't forget to get to free stops from Weeble. Don't forget to get to free stops from Moomoo. It's free money, guys. Do not miss out on that opportunity. Go ahead, subscribe to this channel, hit the thumbs up button that helps out this channel more than you can even imagine. But other than that, guys, I'm Zeke. Bring you to Dream Green Show. I'm out. Peace.