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?
Must be able to minimize expenses to deal with an impending recession, in other words, buy basic necessities to fulfill daily life, reduce vacations which can spend a lot of money just for fun. Do research to buy several types of crypto coins that are suitable for short-term trading so that you can have daily profits instead of the layoffs that you experience, Half of the money you have should be manageable for future savings by investing long-term in a potent, high-trading-volume cryptocurrency that is recession-resistant.