So, all signs point to us heading into a recession, any tips on how I can prepare or protect myself? I've never been in a position where a recession could affect me directly before.

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A recession isn’t a depression. This is a good opportunity to buy the dip.

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Try to save as much as you can in case you get fired.

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I get your concerns, I was in college during the last major recession so I have no clue what to expect or how concerned I should be right now

First, if you haven’t already, I’d recommend moving your liquid savings into a high-yield savings account. It’s a simple way to earn more from your money, compared to traditional accounts like those at BofA. If you have enough savings to cover a few months of expenses, you might also consider investing in solid stocks during a market dip. Just keep in mind that stock market volatility means you may not be able to access that money for a while. For a safer option, investing in ETFs is generally less risky in the long term than picking individual stocks. Good luck!

Have deep savings to be able to keep your house in the event of a lay off that results in you not being able to find a job for over a year or taking a big pay cut

Don't buy anything new that will need a loan. Set aside a decent nest egg in HYSA. Start cutting down on unnecessary costs (rationalize subscriptions and services).

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Hi Fishes, Looking for Job Change ? This is for you,

Thoughtworks is hiring for below roles.

Fill in this Google form
https://forms.gle/x8pJFxtqPpJHKmUF8

Note: You may be asked to signin into google for fill the form to avoid duplicate entries.

Tip: You can click on three dots and select open link in chrome to use the account which you already logged in you chrome browser.

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