The world is freaking out about the U.S. Recession. The doomsdayers and headline creators are leveraging the mass fear to gain a few extra clicks or newspapers (The linkbait reminds me of watching CNN).

I find it humorous that the The 'Wisdom' Journal website, posted a blog posting called 5 Ways I Plan To Survive The Recession. Don't get me wrong: The advice this blog offers is sound, and mirrors what I have been saying on this blog.

Here is the difference. The Wisdom Journal (and many other personal finance blogs) are giving the message that only in the face of a recession should one be concerned with eliminating debt, spending less than one earns, diversification and building an emergency fund.

All these actions are part of the 8 steps to build wealth slowly. If you follow them always, and not just in the face of a potential recession, then any economic jitters should worry you about as much as a hibernating bear.

Ups and downs. Boom and bust. This is the reality we live in, and you need to be prepared to survive in both by having good personal financial habits that don't change with the violitility of the econonmy or the market.