| ||Ask HN: What tips do you have for weathering a recession?|
77 points by tbirrell on Nov 28, 2017 | hide | past | web | favorite | 104 comments |
|Joe Kennedy famously survived the Great Depression by selling out of the stock market once the shoe-shines started giving him advice. I'm not sure if it's just I'm in an industry where people are more aware or not, but I'm starting to get worried about an economic downturn in the next couple of years. Either way, I figure what helps in a recession would be good to do anyway.|
What advice have you guys heard/followed for protecting against another recession? And I don't mean the generic "cut spending, have an emergency fund" stuff. I mean the stuff that I won't find at the top of a google search or on WikiHow.
Edit: to be clear, I specified against the generic advice because it's already easy to find and simple to follow. I'm looking for advice and tips that can supplement it. Thank you to those who pointed out why the generic advice is still a good idea.
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