13. "RE: You have to KEEP YOUR JOB" In response to In response to 6
>>we all keep hearing its coming. what are some practical >>things people should be doing incase it does happen?? > >Whatever it takes you have to keep working. > >If you can do that then you'll come out fine unless you have a >lot of money in the market.
knock on wood on that one. is there something people can do improve the chances that they will have a job through a recession?
> >Pay off bills now. > >Save as much money as you can.
how do you do both? which is more important if you have to chose one? is all debt equal? is there some debt you should do everything possible to pay off while other type you pay the minimum or maybe even skip payments on in this scenario?
> >If you have money in the market it might be a good time and >put it in the least risky areas right now.
if you have money in the market, is it better to move it to less risky areas and take some hit instead of taking it out?
> >Also, it'll feed the recession but don't buy a car or a house >right now - those will get cheaper during the recession.
should you refinance either right now or wait for the recession?
> >if you keep your assets up then you can buy stocks or real >estate DURING the recession which will rebound after the >recession ends.
i wonder how that will go this time around. i know a lot of people came up this way during the last one. it feels like this is common knowledge now so there may be more people looking to do this or the same amount of people buying up more this time around.
> >We should have been in a recession already but the wall street >idiots felt super sunny about Trump - now they realize he's >fucked up and they are swinging equally the opposite way - >like the manic-depressive scumbags they are at their core. > >