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The No. 1 sign your money will survive a recession, according to a financial planner

The No. 1 sign your money will survive a recession, according to a financial planner
Courtesy of SoFi



There's no way to recession-proof your money, but economic turmoil doesn't have to ruin you financially.




Lauren Anastasio, a certified financial planner at SoFi, says investors with the "wherewithal" to ignore market fluctuations during a recession will come out on top.




In other words, if the money you have invested in the markets isn't essential to your current financial plan, you'll be OK.




But, you should only invest after you've paid off high-interest debt and at least started building an emergency fund.




Visit Business Insider's homepage for more stories.



If you're invested in the markets, there's virtually no way to recession-proof your money.
You can be sure an economic downturn will affect your investments in one way or another. But, if you're not relying on that money for day-to-day living or an upcoming expense, you'll be just fine, says Lauren Anastasio, a certified financial planner at SoFi, a personal-finance company.
"If you're in a position where you're investing for the long term and you have the ability to ignore what's happening to your account balance because you don't need that money to live off of in the next few years, that's a big indicator [you can survive a recession]," Anastasio told Business Insider.
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