10 Crucial Tips to Beat the Recession
In a situation like this, how can you keep your head above the water? We spoke to Financial experts Kartik Jhaveri and PV Subramanyam for their 10 tips to stay afloat at a time of financial crisis. According to PV Subramanyam, most people who got into major trouble during the recession have done so because of the following: 1. Living far beyond their means 2. Assuming the bonus every year will keep increasing 3. Buying a house far greater than their needs 4. Working in the financial services industry like mutual funds, life insurance, etc. where a huge downsizing is still to come. 5. Paying too much for a poor quality MBA If you belong to any to the above categories, is there any way to fix the problem? Yes, there is. |
A new R-word started making rounds in the financial markets all over the world in early 2008-09. The big R for RECESSION was responsible for crippling economies, huge companies shutting shop and limiting job opportunities resulting in massive lay-offs all around the world.  | |