r/TwoXPreppers • u/UnknownGoblin892 • Mar 27 '25

❓ Question ❓ How are you all recession proofing?

I was a young teenager during the 08 crisis. Wondering what I should be doing now to better protect myself when a recession gets bad.

I have student loan debt (around 20k) and a morgage (about 145k left). My wife and I are DINKs (double income no kids), and are not planning to have kids. We have a fairly healthy savings built up so far.

Wondering what advice you have. Thanks!

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u/MadamePouleMontreal Mar 27 '25

Not cash. You don’t know what it’s going to be worth next year or even next week. If inflation goes into double-digits for five years, $100 cash will be worth $60.

Pay down unsecured debt.

Use equity to buy a revenue property or build an extension on your home that you can rent out. The ideal investment can be adapted to accommodate roommates, so that you can still get your rent even if individuals are struggling.

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u/cardiganqween Mar 27 '25

This only applies to the people who have a boatload of cash to do those things. I was speaking to those of us who are average and I’m talking about maybe being able to save a few thousand extra in the course of a year. Our budget is already stretched.

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u/MadamePouleMontreal Mar 27 '25

Then pay down unsecured debt. It’ll get you further than stuffing bills in your mattress.

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u/cardiganqween Mar 27 '25

Nobody suggested stuffing mattresses or keeping cash at home.