Amid recession fears,
here's what Amazon founder Jeff Bezos is advising people.
"Consider postponing large purchases during the holiday season and take some risk off the table" says Jeff Bezos.
As per Bezos, economic conditions are NOT looking good and a recession is inevitable. Therefore, people should ensure there's enough CASH in hand.
Amid recessionary trends, massive Layoffs have started in large US companies like Meta, Amazon, Microsoft, etc.
To survive a recession, you must be financially prepared. Live by the mantra - Save More & Spend Less.
Setting aside an Emergency Corpus can also help you in being prepared for a rainy day.
Park your funds in long-term savings like bank FDs, PPF and EPS. These investments can come to your aid in case of a financial crisis.
want to be financially prepared for a recession?
Read this - 3 Rules to Successful Financial Planning