Are we recession proof?
Friends do you think we are recession proof?
Have you ever thought of emergency fund? Set aside INR 100000 in case of any emergency
Have you ever thought of what to do in case if we loose our Jobs ?
Have you ever thought of your medical insurance cost in India? How important to have medical insurance ( assume that if your employer have withdrawn medical insurance benefit due to bad economy )
Let us share our ideas and help each other about recession that we are going to face.
My thoughts on tackling recession are
Save at least INR 100000 as an emergency fund
Estimate monthly gross spending and try to have at least 3 months worth of saving in bank.
Pay all your loans (two wheeler, TV, furniture, CAR ) and credit card bills.
Learning recession proof technologies , Try to explore technologies that are in demand even in recession time.
Update or share latest developments in the company you are working in
How to help our friends community in case if any of our friends gets layed off
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