How Do You Survive An Economic Recession?
Economic recession is a fact of life, part of the ebb and flow of the economy. There are times of great economic growth, times of little change, and periods where the economy draws back, or recedes. Times of economic recession do not have to be frightening, especially if you prepare ahead of time. Some entrepreneurs even profit from an economic recession. Here are a few simple starting tips to help survive an economic recession. Step 1 Read about how to survive an economic recession. Buy or borrow “Financial Reckoning Day: Surviving the Soft Depression of the 21st Century” by William Bonner and “Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression” by Robert R. Prechter. Step 2 Work in a critical sector to avoid job loss during an economic recession. Consider health care, food production and supply, government jobs and military careers. Avoid managerial jobs in retail sectors or construction-related jobs that may feel the pinch when cash is tight. Step 3 Minimize
