Post
Topic
Board Economics
Re: Can One Get Rich or At least Not go Broke During a Recession?
by
Wakate
on 06/11/2022, 18:50:41 UTC
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 investor’s 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?

We are already in recession and this is how it normally start causing great hike in food price and people with will be struggling to feed, working without seeing any result. Things are getting bad and all we need to do is to ensure we look for other means of getting addictional job so that can at least settle some bills. It is very obvious that the rich may be getting more richer in recession why the poor will be the worse part of the story. Life can be a little but shaky that is why we just have to keep getting more skills so we can fit to corners that can change our life if opportunity comes.