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?
Honestly, it was hard when you are just relying on a single source of income. I know many people had also had the same experience with you but they took the opportunity to start making their business after a lay-off. That is why of instead being down because of losing our job, we have to think widely and look for something we can do maybe this could make our life even better than just being an employee. In fact, we can't just live forever as an employee so better make prepare ourselves not to rely on this and take other opportunities that will give us a passive income. There are of opportunities around - we somehow just ignored them.