I work in mining, as long as the price of gold and iron stays relatively good, I'm not too phased.
I think you mean "fazed"
Ask HN: How are you, a dev/programmer, preparing for the probable recession?
21–30 of 51 posts
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#22Earlier quoted context omitted.
If you want to get really pedantic the US is not officially in recession until the NBER says so [1]. [1] https://www.bea.gov/help/glossary/recession
How can economists say, for instance, Argentina is in a recession? Or Ireland? Or Australia? Does the NBER make such determinations for all countries? Ha. Are you being pedantic por are you being gullible? The term recession has been well-defined in economics for decades.
> The term recession has been well-defined in economics for decades.
It's been so thoroughly defined, that there are even multiple conflicting definitions.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#23Investment properties that I'm renting out. I've been at my current employer for a while so it's my best bet to weather a big downturn. However, I'm also looking into doing some freelance work on the side to pad my earnings. Money unfortunately makes everything easier, and the more you have of it, the more options you have.
I really wish I could move to a more secluded area and country with a large amount of open space that one can disappear into if need be. But with children, family, and commitments it's not an easy option.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#24Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south. Mentally & physically, I am taking beatings, right and left, every day, doing martial…
> few ventures which would continue to exist if the worlds economy would go south. What kind of venture is profitable (enough to beat inflation) and economy-going-south resistant?
I'm interested in knowing this too.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#25I'm probably an outlier, but I just... haven't? I grew up extraordinarily poor and spent the first few years of my adult life working low-paying jobs while teaching myself to code until I've gotten to where I am now. I feel incredibly and unbelievably blessed to have "made it" relative to where I, my family, and any of my peers would have ever previously thought possible. This, I think, has also changed how I view po…
I’m not worried about any recession because after growing up poor to some degree I always feel like things could collapse for me at any moment.
What can you do to truly guarantee one’s safety? I just want to work on computers.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#26Getting my cost of living down and my debt down. Investing while the market is on sale. Not stressing about things I can't control.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#27I'm probably an outlier, but I just... haven't? I grew up extraordinarily poor and spent the first few years of my adult life working low-paying jobs while teaching myself to code until I've gotten to where I am now. I feel incredibly and unbelievably blessed to have "made it" relative to where I, my family, and any of my peers would have ever previously thought possible. This, I think, has also changed how I view po…
I’m not worried about any recession because after growing up poor to some degree I always feel like things could collapse for me at any moment. What can you do to truly guarantee one’s safety? I just want to work on computers.
Lol also this.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#28I moved to a seed stage startup, what do the kids say - YOLO?
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#29Surprisingly I’m not that anxious yet. Electricity, gas and food prices are going up and I know even worse times are coming, but as a developer I make almost three times the median income. If I get into trouble financially or if I can’t find a new job, at that point literally millions of people will have been starving and homeless for months. And if that does happen, then it’s already a SHTF situation I can’t really prepare for, except maybe moving back in with my parents in the countryside.
Re: Ask HN: How are you, a dev/programmer, preparing for the probable recession?
#30I have a large cash cushion that can fund the next 5 years of my life.
Other than that, I'm prepared to postpone some life goals if shit does hit the fan.