Preview Mode Links will not work in preview mode

The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

May 26, 2022

Are we headed into a recession? That’s the question that’s on a lot of minds. On today’s show we’re going to make sure a recession doesn’t ruin your finances or retirement plans. We’ll also welcome retiree and investor Jim Manning to the show so he can ask questions, which are probably the same questions you have.


What we discuss in this episode: 

1:21 – Meet Jim Manning

4:55 – Jim’s business experience

6:19 – Jim’s product was used in space

12:35 – What is a recession?

14:25 – How to prepare

21:25 – Jim’s experience with recession

23:52 – Going to cash

29:09 – How long could it last?

36:30 – Adjusting investment strategy

40:28 – Age makes a difference

42:32 – Minimize stress and fear


Read more and get additional financial resources here: 


Check out our YouTube channel: