None, I am already running on the existential minimum.
And I don’t see that changing in the next few years.
Wife works for a gov in a very stable position, keeping costs below her salary is how we plan to.
Costs and salary are fast becoming the same number.
Self-employed tradesman, ill probably have to get a normal job. Which sucks for everyone, I keep my costs way lower for customers but digging up business and doing the work is a real challenge. And obviously ill miss my freedom. But at least ill just have to pull my 40hrs.
Maybe dumb question: are there loose trade groups that could share advertising / business digging? Or are you basically in competition with everyone else in your field?
Not the person you’re asking, but I’d guess the answer is, it depends. When I had a lawn care service I’d send work to other guys who did what I wouldn’t and they would reciprocate. Did the same with my PC fixing side hustle. “I don’t fix phone screens, but I know a guy.”
Kinda, sure. I know some people and we help each other when we can. And there’s networking stuff you can do, local small business meetings where you can hand out some cards.
But competition is spiking. Lots of people are starting in trades like mine now.
Which recession is that?
I’m going to take a massive dump!
Boss makes a dollar, I make a dime…
I think I’m on the safe side, emplyment-wise. And if it turns out I’m wrong, I have a lot of contacts, so I don’t think I’d stay unemployed very wrong.
My mortgage is on a fixed rate until 2032, so while financial adjustments won’t be fun, they probably won’t be devastating either.
No plans. There’s nothing for it.
I heard there’s a nice peaceful forest in Japan I could visit for a little while.
I heard you can stay there forever, they only remove you if they find you. I’m an expert at hide and seek.
they’ll never find me.
No special plan. Working in public service, I am sure there will always be things to do for me, so I don’t worry.
The same thing we do every recession, Pinky. Try to spend as little as possible on only the essentials and hope we don’t end up homeless.
Recession is the least of our problems
it is the thing that exacerbate your problems.
Y’all have plans?
Nah
Push more of my customers to prepay or to 3rd party financing.
To be honest my industry has been in a recession for 3 years already. A global recession that cuts the costs of inputs would be awesome.
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Marijuana
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???
There is no step 3
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