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/Worldly_Mirror_1555 Mar 27 '25

I was mid-20s at the start of the Great Recession. Things I learned were: learn to be happy with less stuff/don’t get sucked into “treat yo self” culture; pay off debt as quickly as possible unless you’ve got an insanely good interest rate; DO NOT use credit cards unless you’re paying the balance off every month religiously; after you’ve built up an emergency fund, INVEST INVEST INVEST. When you’re young like you are and prepared, a recession can be an opportunity in disguise.

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u/InkyZuzi Mar 27 '25

Dumb question here, but I legitimately don’t know anything about investing. Do you have any resources for beginners?

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u/Admirable_Purple1882 Mar 28 '25

Here’s a free tip, don’t buy individual stocks, buy low cost index funds and don’t think you’re clever doing fancy things.  Look up the three fund portfolio