What is recession? Just like humans, we breathe in and out, and just like economies, it cycles between growth and recession. Without recession there will be no growth and vice versa. With the coming Recession in 2020, some may see this as misfortune, while others see it as opportunity, which camp are you in?
According to Jim Rogers, recession happens every 4 to 6 years, more often than not they are major corrections but once in a while we will get something as big as the Great Recession of 2008. Experts predict we will be going through another economic downturn cycle in 2015-2016 as shown by the collapse of oil and most commodities prices.
Some people believe recession is a bad thing, but it is actually a healthy economic cycle. When we experience pain somewhere, it is a sign of something is not right thus we must quickly remedy the problem. As for the economy, when there is a recession, the best method is always the most bitter method, just like medicine.
Crisis and Opportunity – Opportunity is always present in the midst of crisis. The Chinese word for crisis carries two elements, danger [ 危 ] and opportunity [ 机 ]. No matter the difficulty of the circumstances, no matter how dangerous the situation, at the heart of each crisis lies a tremendous opportunity. Great Blessings lie ahead for the one who knows the secret of finding opportunity within each crisis.
Top 10 Recession Proof Jobs and Business Opportunities
- Repair and maintenance related jobs – In a recession, instead of buying a new product, they tend to maintain and repair broken computers or cars.
- Health related jobs – In good or bad times, we will need medical attention regardless of our financial well being.
- MLM or Direct Selling – In a recession, selling ‘hope’ is one of the best products ever. Giving people a tiny hope that they can make it big in hard times.