Recession is coming and we know it. In some places it is staring us right in the face. Unemployment, rising cost of living, increasing food prices, falling stocks etc are some of the negative effects associated with recession. Despite this seemingly bad news,
Warren Buffet said In short, bad news is an investors best friend. And another quote by someone goes thus "millionaires are made during a recession". I have been recently laid-off work due to the recent economic crisis in my country. I do not want to see this as a bad thing. So I ask what hidden opportunities does this recession offer? How can one take opportunity of the recession to become rich or at least not go broke?
Its hard to find opportunities when everything else around you is losing. Just like you, knowing your already jobless, that would mean very depressing too if you havent save or reserve any money for emergency funds. The only thing that this recession will open doors of opportunities is that if you have spare money to invest, otherwise you will suffer the consequences in life that even some end up quitting their lives.