The next recession is coming.
OK, so the next recession is always coming and, no, I don't know when it will happen. But I do know that the most successful investors are the ones who have a plan for the next recession in place now.
An important part of my recession-readiness strategy is to own a solid collection of high-yield dividend stocks that you can count on to continue paying investors during a recession. Not only does that promise of cash make it easier to hold during the downs of a recession-driven market crash, but the cash itself is a powerful tool you can reinvest during a downturn to supercharge your long-term wealth.