What To Do and What Not To Do In a Recession
What to do to survive yet another recession
So you are worried about the recession and the rising prices of……everything. Ok. Let’s talk about that for a second. In the official Oxford English dictionary, it defines worry as “a state of unhappiness, caused by thinking about unpleasant things that might happen. I don’t know about you, but that seems like a course of action we can easily dismiss..
So, what should you be if not worried? In a word: proactive—a quality you’re already demonstrating by asking this question. It’s easy to get complacent when we have a job, especially one that’s going reasonably well. But as JFK once put it (on the topic of recession, no less), “The time to repair the roof is when the sun is shining.” So if you’re not actively networking, if you’re not purposefully upskilling by looking at the tools and characteristics required for other roles in your field or similar jobs you might want to grow into—then these are the things I’d recommend doing now.
Our friends over at Money Scoop heard you were coming and published this piece last week with some tips for how to prepare for an economic downturn from a personal finance POV. As the article points out, a recession will always be on the horizon, so even if it turns out we’re not currently on the doorstep, it’s always smart to be prepared for harder times ahead. Here’s the link to the article:
The word worry tends to be relatively futile in the workplace. Your best bet is to focus your energy on staying positive and executing things that are within your control..