3 ms·
>I'm more focused on upping my cash reserves and bracing myself for a recession. I'm doing the same because I'm legitimately in fear of both economic troubles
by SkyeCA 2y ago
>I'm more focused on upping my cash reserves and bracing myself for a recession.
I'm doing the same because I'm legitimately in fear of both economic troubles and/or losing my job as a result of all this uncertainty.
I have cut my personal spending to nearly zero aside from essentials and have been hoarding my money. It's the only sensible option when planning for one's future becomes impossible.
- scarface_74 2y agoWe have nine months of expenses in cash outside of retirement accounts and working up to 12 by the end of next year. But besides that, I’m not changing anything about our investment plans or our travel plans. I have been in the job market since 1996 and had to find a job both last year and the year before. I’m on my 10th job. None of the fundamentals ever change: Live below your means so you can take a job that pays less than you are making, keep an emergency fund, keep an updated resume and career document. Also keep an active network and always be interview ready. Also play the political game at your job and be sure to be in profit centers not cost centers. Market yourself both internally and externally.