3. Learn New Skills
It’s possible that you may lose your job during an economic crisis and wind up in debt collection. Even if you’re indispensable to the company you work for, this could happen. It’s not personal, rather it’s all about cutting costs, so don’t take it personally. Instead, use the time you have during the recession to learn a new skill. It could be coding, graphic design, video editing, or even some financial skills. There are so many free courses online that this shouldn’t be a problem. In order to survive an economic depression, learning new skills is essential.