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by wizzairflyer
2362 days ago
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It's not the first article I read on HN about an upcoming recession. This is for sure self-centered but the questions I end up asking myself are mainly how it'll affect my life and career. Questions like if there was a recession tomorrow would I still be able to apply at a cushy well-paid faang job or if it is even smart to switch job now since the newer you are the more likely your are to be cut off if there is a need for downsizing. I've never lived through a recession as a working individual hence why the prospect makes me nervous. I figure that, over the course of one's life, one goes through a few of them and that (mostly) everyone seems to make it out ok but if someone has some insights to share I'll be grateful. |
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Thing that helped me most is diversification and conservatism.
Diversification: 1) wife has job in different industry, 2) my skills are applicable to different industries and especially different locations, 3) side projects make some money.
Conservatism: I only splurge on my main hobby and go cheap on everything else. I can cut my expenses down fast (house -> apartment; apartment -> live with family; car -> public transit).